Newspaper Page Text
FACT ANO GOSSIP
IN MONEY MARTS
Express Business Looks Like a
“Family Affair” to the Com
merce Commission.
By B. C. FORBES.
yEW YORK. July 23—Our express
companies are privilege incarnated. They
j-ave fattened on the necessities of a
widely scattered people, riding roughshod
pver reason. f!6uting all protests, gov
erned by no laws—not even their own
waxing more opulent and more arrogant
vear by year. Naturally, Nemesis has
overtaken them. It hath been so decreed
that plunder can not go on forever.
The American express companies have
been riding for a fail And unless some
thing very unexpected happens they are
about to be brought to earth with a thud.
The interstate commerce commission is
to unhorse them. A parcels post law
should finish the job.
♦ ♦ ♦
The whole fabric of express business
was and is founded on privilege—on in
fluence exerted over railroads, on wire
pulling politically and financially, on col
lusion "among friends." on a ■common'
conspiracy to filch unnumbered millions
of dollars from the public in return for
no commensurate service rendered. Lis
ten to this, from the commissioner's re
port just issued: "While these compa
nies operate separately and compete with
each ether for traffic, the express busi
ness may be said to be almost a family
affair. An interesting genealogical tree,
in fact, might be drawn showing a com
mon ancestry in-all of the larger compa
nies And while many names may be
used to designate those companies, ft Is
within the fact to say that aside from
the operations of the minor and distinct
ively railroad express companies, the ex
press business of the United States is
managed bv not more than three groups
of Interests.” A veritable Plunderbund!
♦ ♦ ♦
Os the express companies’ shortcomings
it is unnecessary to say much, for we all
have tasted of their fruit. But. the offi
cial report contains some scathing com
ments as well as several revelations not
flattering to the morals of those respon
sible for the management of these con
cerns.
♦ * ♦
“Outside of the money which has been
made in the express business, a million
dollars would more than cover the origi
nal capital of them all,” it is declared.
“It is a matter beyond contra
diction that beginning 60 years ago prac
tically with no assets whatsoever other
than favorable contracts with one or
more railroads, the express companies
have nut of their rates and the profitable
investment of the proceeds of their op
erations been enabled to pay large divi
dends upon shares representing no in
vestment and amassed over $150,000,000 of
property.”
Here are some of the grounds for com
plaint regarding the process by which this
fabulous sum was drawn from the pub
lic:
Pouhle collection of lawful charges,
overcharges and undercharges, of-
Furniture For Sale. Furniture For Sale.
CLOSING OUT SALE
6o DAYS 6o DAYS
WE ARE positively closing out this stock. On account of change
in business a dandy, clean, new stock of Furniture to go at
practically wholesale cost.
H. A MARTIN FURNITURE CO.
135 WITITETTA LL STREET.
Real Estate For Sale. Real Estate For Sale
Oak View Bungalow
JUST off East Lake drive, on a beautiful level lot. 65x200 feet, I am of
fering a delightful little bungaloxx* of five rooms. This place has fur
nacp heat and is equipped for xxater and electric lights, both of xx'hich ini
pmvements are assured within the next 90 days. The environments are
ideal and the place can be bought for $3,000. on terms.
EMMETT HIGHT
REAL ESTATE
513-514-515 Empire Building.
WILLIAMS-HARTSOCK CO.
REAL ESTATE AND BUILDERS. FOURTH NATIONAL BANK BUILDING.
_ ,Phons 2)06 Main.
TAKE A LOOK AT NO. 63 CLEBURNE AVE. This is a new double-floored and
storm-sheathed home; built of the very best materials; steam heat, tile floor
on front porch and in bath, hardwood floors, birch doors, stone mantel, exposed
ceiling beams, bookcases, walls tinted in rich colors, dressing room with large
plate glass mirrors in doors, which gives a beautiful effect, plate rack, butler's
pantry, china closet, spiendid basement. This is located directly in front of
■l'idge Palmer's beautifui home, it is fresh and new. No one has ever lived in
All we ask you to do is to take a look at it and then come to see us. Our
Puce is right and terms easy,
No 35? MYRTLE STREET. Here is an eight-room ti»o-story home, located on
a corner lot: will either sell or exchange; will take vacant property as part
payment. BARGAIN.
STEAM-HEATED APARTMENTS—Just go out to No. 300 West Peachtree
, street and you will find some of the nicest "NEW” apartments in the city;
olutely everv known convenience to the apartment. Will tent you one
THESE BARGAINS 'I'O BE SOLD AT
GREE 11/ 448 E. GEORGIA AVE., nice 8-room
r-j T -v * - r house, in best pan of street. Prico
iXjkAD I Y $3,750: terms
360 ORMOND ST., good 6-room cot-
COM PAN Y CK',l.™?”'’ "" "”‘ u *'
Real Estate. Renting, Loans. 511 Empire Bldg Both Phones 1599
Irustpp s Sale of Northeast Corner of Mangum and Thurmond Sts.
■ EL* G the property of W. E. Feldman, BANKRUPT, and being the store
and house fronting 60 feet on Mangum street and 50 feet, on Thurmond
t rest. This semi-central property will be sold on August 20, 1912, at 11
3 m„ to the HIGHEST BIDDER for cash (purchaser to assume a loan,
■ p presented by a mortgage, of sl,l 47.45 >, at the office of P. H. ADAMS.
ti-fe,. p? , ln Q rant building.
__ NATHAN COPLAN, TRUSTEE. 7-23-7
POQ QAF 17 EAST GEORGIA AVE.,
I vJ I \ o/AG LL x E A IJ wA S H ING TO N.
T /"A T TNT T (Real Good Home.)
11l r—l X I HOUSE 2 story, with 8 rooms. May
t j 'J.A X 1 I . be easily- converted into flats. Lot
\t r x 45x100 feet. In nice condition. REAL
\\ £ If A LA G? I I AT? EASY TERMS. Price $4,000
♦ V |J- A | |J M . THOS R FINNEY. Sales Mgr.,
A 12 Auburn Avenue.
SOLDIERS CALLED OUT TO
QUELL RIOTS IN IRELAND
BELFAST. IRELAND, July 23.—1 n
anticipation of rioting over the return
to work of 1.200 hands In the Harland
and olffe ship yards here, where a
strike has been in progress for some
time, the Cheshire regiment was called
out today, in addition to 200 police
armed for riot duty, and the entire
force thrown about the yards.
fecting discrimination between ship
pers.
I n reasonableness of the terms of
shipment imposed by the receipt given
by the carrier.
A confusing set of rules governing
the classification of express matter
which led to discrimination In rates
between classes of shippers by pro
viding obscure and Insignificant con
ditions as the basis for classifications
of which the initiated may take ad
vantage to procure transportation at
lower rates than are generally applied
to the more uninformed portion of the
public.
The obscure statement of rates,
making the public dependent almost
entirelx upon the information fur
nished them by express agents.
The unreasonableness of the rates
charged by the carriers.
♦ • »
'Fhe so-called scale of graduated
charges determining the rate that shall
be applied to a package of a given weight
is denounced as ‘‘unreasonable, discrim
inatory and arbitrary.” Says the report:
It is the product of years of shrewd
manipulation, has no Justification in
the minds of the express men them
selves, and is the richest example yet
brought to our attention of a tariff
based exclusively upon the theory that
the charge should be what the traffic
will hear.
What is the remedy for the whole prob
lem? How ran fair play be guaranteed
the public? In one word, the I'nited
States has been divided into 950 blocks,
about 50 miles square, and rates fixed be
tweCT all of them so that any one can
tell exactly how much it will cosj. to ex
press a package from any point in the
country to any other point. This should
rob the con panics of their carte blanche
to rob the public.
• » •
Instead of working hand-in-hand to
bleed the people, the companies are or
dered to co-operate in giving the best
possible service. They “must unite in
direct through routes, reaching all cities
anti towns accessible to each other by the
shortest route measured in time." The
report adds:
For the correction of these evils
there has appeared to be but one
remedy, the construction of a rate
system that should cover the United
States. This has been a task of un
precedented magnitude and difficulty.
We have sought for all possible light
upon this subject both in Europe and
in America and have arrived at con
clusions which are set forth in our
order as to what just, reasonable and
non-discriminatory rates would be.
. . There being no uniformity in
rates now, it has become necessary
to increase some rates under the tar
iff here presented. These increases,
however, affect almost exclusively the
rates on packages of the higher
weights.
The carriers are given until October !»
next to show cause why the proposed
rates should not go into effect.
♦ * *
We are gradually righting wrongs in
this land
THE ATLANTA GEORGIAN AND NEWS. TUESDAY. JULY 23,19™.
ATLANTA MARKETS
EGGS 4 -Fresh country candled, 17@18c.
BUTTER—Jersey and creamery, in 1-lb.
blocks. 20022 1 , 2 c; fresh country dull, 10@
12Vfcc pound.
DRESSED POULTRY—Drawn. head
and feet on, per pound: Hens 16@17c,
fries, 25027 l «c; roosters, 8010 c; turkeys,
owing to fatness 180?Oc.
LIVE POULTRY—Hens 40045 c. roost
ers 25035 c; fries, 18025 c; broilers, 200
25c: puddle ducks. 25030c* Pekin ducks,
40045 c; geese, 50060 c each; turkeys,
owing to fatness, 14015 c.
FRUITS AND PRODUCE.
FRUIT AND VEGETABLES—Lemons,
fancy, $4.0004 50 per box. Florida oranges,
S3O 350 per box Bananas. 303V&C per
pound. Cabbage, 101'ac per lb. Peanuts,
per pound, fancy Va., 7c. choice, 5 l 2
06c. Beans, round green. 75c0 SI.OO per
crate Florid a celery, $202.50 per crete
Squash, yellcw. per six-basket crates.
$1.0001.25. Lettuce, fancy, $1.2501.51
choice $1.2501.50 per crate. Beets. $1.50
0 2 per barrel. Cucumbers. 75c(ii$1.00 per
crate. New Irish potatoes, per barrel.
$2,500 3.00.
Egg plants. $202.50 per crate Pepper,
$1.0001.25 per crate. Tomatoes.fancy.six
basket crates. $1.5001.75; choice tomatoes,
$1.7502. Pineapples, $202.25 per crate,
onions. SI,OOO 1.25 per bushel. Sweet pota
toes, pumpkin yam. $101.25 per bushels.
Watermelons. $lOOl5 per hundred. Can
taloupes, per crate. $1.0001.25.
PROVISION MARKET.
(Corrected by White Provision Company.)
Cornfield bams, 10 to 12 pounds average,
15\c.
Cornfiel 1 hams. 12 to 14 pounds average,
15^ 4 c.
Cornfield skinned hams, 16 to 18 pounds
average, 16'40.
Cornfield picnic hams, 6 to 8 pounds
average. Il\c.
Cornfield breakfast bacon. 22c.
Grocer style bacon (wide or narrow),
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. 12c.
Cornfield spiced Jellied meats In 10-
pound dinner palls. 10c.
Cornfield smoked link sausage, 25-pound
boxes, 9c
Cornfield smoked link sausage 1n pickle,
50-nnund cans, $4.50.
Cornfield in pickle. 15-
pound kits, $1.50.
Cornfield pickled pigs feet. 15-pound
kits, sl.
Cornfield pure lard (tierce basis),
Country style pure lard, 50-pound tins
only, 11
Compound lard < tierce basis), 9c.
D. S. extra ribs, 11 Lc.
D. S. rib bellies, medium average. 11 4c.
D. S. rib bellies, light average, 12%c.
FLOUR AND GRAIN.
FLOUR Post ell’s Elegant. $7.50; Gloria
(self-rising. $6.25; Victory (finest patent),
$6.00; Faultless, finest, $6.25, Swansdown
(highest patent), $6.25; Home Queen
(highest patent), $5.75; Puritan (highest
patent) $5.75; Sun Rise (half patent) $5.75,
Tulip flour. $4.50; White Cloud (highest
patent). $5.75; Diadem (highest patent),
$5.50; Farm Bell. $5.40; Paragon (high
patent), $5.75: White Lily (highest pat
ent), $5.60; White Daisy, $5.60; Southern
Star, $5.25: Sun Beam, $5.25; Ocean
Spray (patent), $5.25.
COTTON SEED Olu.
Cotton seed oil quotations:
l_ Opening. | Closing.
Spot i 1 6.500 6.60"”
July 1 6.4906.60 6.500 6.55
August 6.59(06.60 6.5006.54
September .... 6.650 6.66 6.600 6.62
October 6.660 6.67 6.61 <q 6.62
November 6.3406.35 6.29*0 6.30
December 6.300 6.32 6.2406.25
Closed heavy; sales 8.600 barrels.
CHICAGO CASH QUOTATIONS.
CHICAGO, July 23. Wheat, No. 2 red.
97Ca1.004 No. 3 red. 95*%(h 984'. No. 2
hard winter. 974*01.00; No. 3 hard win
ter. 95%(0 98; No. 1 northern spring. 1.06
01.12; No. 2 northern spring, 1.04*'/ 1.09;
No. 3 spring, 1.00*01.06.
Corn, No. 2. 70*0 71 4; No. 2 white, 77'ft
77 4: No. 3 yellow,
0 70, No. 3 white, 764/76 4; No. 3 yellow,
No. 4. 674(0694: No. 4 white.
73 4(0 74; No. I yellow, 69*0 70.
Oats. No. 2. 46*0 46 4: No. 2 white. 540
56 4: No. 3 white. 534*055; No. 4 white
500534; Standard, 544/55 4.
BUTTER. POULTRY AND EGGS.
NEW YORK. July 23. Dressed poultry,
steady; turkeys. 130 23: chickens, 184/28;
fowls, 120 20; ducks, 18(018.
Live poultry, nominal; prices unsettled.
Butter, firm; creamery specials, 2641
264; creamery extras, 27**/274: state
dairy tubs, 21’”026c; process special.-*, jo
asked.
Eggs, unsettled; nearby white fancy, 27
0 28; nearbv brown fancy. 240 25; extra
firsts. 23*0 24; firsts, 1.8401!*4-
Cheese, steady; white milk specials, 154
0154; whole milk fancy. 154/154; skims,
specials, 124 01 "4: skims, specials, 124
124; skims, fine, 10’,>0 11 4; full skims,
64084.
LIVE STOCK MARKET.
CHICAGO, July 23. Hogs Receipts 14,-
000. Market 5c higher: mixed and butch
ers $7,304/ 7.95. good heavy $7.6007.85,
rough heavy $7,204/ 7.55, light $7.400 7.95,
pigs $6.250 7.40. bulk $7.550 7.85.
Cattle —Receipts 3,000. Market steady;
beeves $6,200’9.50. cows and heifers $2.60
0 8.05, Meekers and feeders $4,254/ 6.75,
Texans $6.2508.15, calves $7.5008.75.
Sheep Receipts 25,000. Market steady;
native and Western $3.250 5, lambs $4.50
0 7.40.
NEW YORK COFFEE MARKET.
Coffee quotations:
Opening. Closing.
January . 13.054/ 13.10 13.1 t I’’.
Februarv 13.00013.05 13.100 13.13
March 13 15 13.220 13.23
\pril 1 3 170 13 20 13.244/ J 3.25
Max 13.210 13 25 13.260 13 27
.lune 13.200 13.25 13.254/ 13 2‘.
Jul) 12.790 12.81
August 12.60 12 86012.88
Septembet 12.93 12.920 12.93
October 12.98 13.000 13.01
November .... ’ 2.950 13.00 13.05013.07
I >ecetnber. . . .
steady.
NEW YORK GROCERIES.
NEW YORK, July 23. * Offer barely
steady; No 7 Rio spot 140 144 Rice
firm; domest’c ordinary to prime I 4.-/54.
Molasses steady; New Orleans open kettle
360 50. Sugar raw quiet; centrifugal 3.985.
muscovado 3 485. molasses sugar 3.235, re
fined stead); standard granulated 5 la.
cut loaf 5.90. crushed 5.80, mold A 5.45,
cubes 5.35, powdered 5 20. diamond A 5.10,
confectioners A 4.95. No. 1 4 95, No. 2 4.90,
No. 3 4.85, No. I 4.80.
COTTON MARKET OPINIONS.
Baib’ A- Montgomery: Until there is
a decided change in conditions, do not
look for more than temporarily lower
prices
Miller & Co : Look for higher prices.
Buy December.
Hayden. Stone & Co.: Probabilities
seem to favor a somewhat lower level,
if forecasts for better weather in the At
lantics shall materialize
Stemberger. Sinn A’ Co.: Changes in
prices will bee ntlrely governed by the
weather conditions
Thompson. Towle A- We would
buy cotton only on breaks.
Renskorf, Lyon A- L'o Look for a
scalping market with a sagging tendency.
.1 S Baehr A ( " e advise the pur
chase of the distant positions on any
marked reactions.
INTERIOR MOVEMENT.
I Ill 1 JZ
Houston 127 290
Augusta 115 38
Memphis 4f»B 45c
St Louis 366
Cincinnati .... 57
Little Rock . • „ 33__
‘ Totaf 1 1,016 , 1,391
iSTRONG GIBLES
iADVANCE COTTON
Spot Interests Good Buyers on
Dry Weather in Texas—Un
settled Elsewhere.
NI.W July 2,1. Cotton opene,!
active 011 the Neu York exchange today,
early prices ranging from 5 to 7 points
higher as (he result of tne strong cables.
I here was little rain shown l:i the east
ern belt, but this apparently had small
influence, 'fhe steady buying of the Oc
tober option by spot interests was a
prominent feature in the initial trading,
serving to check hear pressure in the new
crop months. After the call the market
became very steady
During the afternoon trailing the mar
ket closed only a few points <1 iff erent
from the opening. Business was being
done moderately, and buying was of good
character, coming from some leading
spot interest, which has been the case for
some time past. Little cotton was sold
by the ring crowd on better weather re
ports. The phenomenal strength to the
market is due to dry weather in Texas,
ihe tnarkc’ has been very narrow and
very little changes in prices can be looked
for until the bureau report is issued on
August 2.
At the close the market was steady
with a not gain in prices of 9 to 11 points
from the final quotations of Monday.
RANGE OF NEW YORK FUTURES. _
! | u * | 5«l • Jg
I o =I u I u(2| 6
July ij .16 IL2I F2.T5i 12?20i 12.20-2~1 12.11-12
Aug. 12.15 12.21 12.13.12.21;12.20-21 12.10-12
Sept. 12.21 12.27 12.24 12.27112.26-28 12.18-20
< >ct. ,12.37 12.41 12.34 12.40 12.40-41 12.31-32
Dec. 1.2.38 12.42 12.34 12.40 12.40-41 12.31-32
Jan. ,12.35,12.41 12.33 12.39 12.39-40 12.29-30
Feb : 12.41-43 12.31-32
Meh. 12 44 12.50 12.44 12.50 1 2.48-50 12.39-40
May 12.5 J L2_sß 12.50 12,58 12.57-58 12.46-47
Closed steady.
Liverpool cables were due 1 point
higher to U point lower, opened steady
and unchanged. At 12:15 p. m. the mar
ket was steady, 3 to 4 points higher,
loiter cables. 1 to Ipoints higher than
12:15 p. ni. Spots 4 points higher. Mid
dling 7.18 d. Sales 10,000 bales, includ
ing 9,000 American. Imports 4,000, Amer
ican 2,000.
Estimated port receipts today 2,000,
against 2,050 last week and 744 last year,
compared with 3,710 in 1910.
At the close the market was quiet but
steady, with a net gain in prices of 5
to 6 points from the previous close.
RANGE IN LIVERPOOL FUTURES.
Futures opened steady.
Range. 2 r. M. Close. Close.
Opening
July . . . 6.93 -6.94 6.96 6.95 6.90 H
July-Aug.
Aug.-Sept 6.8416-6.88V 2 6.89 ’ 2 6.89’ 2 6.84>6
Sept.-Oct. 6.74 -6.76
Oct.-Nov. 6.66 -6.69 1 2 6.71A6 6.71’6 6.66
Nov.-Dec. 6.62 -6.65 6.66 6.67 6.62
Dec.-Jan. 6.61 -6.63 6.6516 6.6616 6.61
Jan.-Feb. 6.61 V2-6.61.V6 6.65’/ 2 6.66’/6 6.61 ’/6
b'eb.-Mch. 6.63 -6.64 6.67 6.62
Mob.-Apr. 6.63 -6.65’< 2 6.67 6.68 6.63
Apr.-May 6.66 6.68 Vi 6.63’ 2
Max-June 6.61 -6.67 6.68 6.69’/i 6.64’/ 2
Closed quiet but steady.
HAYWARD & CLARK’S
DAILY COTTON LETTER
NEW ORLEANS, July 23. -Liverpool
lost 5 English points in parity since Fri
day. which was recovered today. Spots
quoted 4 points higher; sales 10.000 bales.
English consols showed a further sharp
decline and London says that the country
is impressed by the serious warning con
tained in the speech of the lord of the
admiralty to the effect that Germany is
ready for war. This continued decline
in the leading government security and
constant agitation can not be helpful to
trade.
A cable from Liverpool said: “Market
advanced on reports of serious damage
to crop in Alabama, Mississippi and Geor
gia. The weather map shows favorable
conditions. Generally fair except over
North Carolina. No rain, except scattered
showers in Louisiana, Mississippi, east
Tennessee and North Carolina.”
Indications are for partly cloudy to
fair weather; possibly some isolated 4show
ers in the central ami eastern states, and
good prospects for weather and
for rains coming on west Texas and Okla
homa. It is remarkable, however, that
even temperatures keep in the western
states, with no excess yet. Only two
j stations touched 100 degrees, whereas, as
in other years, many sections showed
above that mark for many days.
Manchester cables; “Manchester mar
ket strong, but high prices are checking
trade.” < >ur market gained about 6 points
In ihe earl} trading on the strength of
Liverpool, but did not hold well. Advices
from New York are by no means so uni
formly in favor of the market. zXntlcipa
tion of a. bullish August bureau is per
haps the strongest factor in sustaining
values.
San Antonio advises the ginning of five
new bale.-., and that picking will become
more general in a week.
RANGE IN NEW ORLEANS FUTURES.
c l~ I ~ :- x I u ££
.lulv L3.IC. 13.16 13.11 13.13 13.13-16 IS.U
\ug. 1 J.IiOJS.HS 12.35:12.91 12.!'0-92il 2.8 H-91
Sept. 12.69 12.76 12.69 1 2.76.12.72-74 12.68-71
<><■! 12.52 12.58 12.49 12.58 ’.2.57-58 12.47-48
Nov I 12.56-57 1'2.46-47
I to.- 12.50 12.57112.47 12.57 12.56-57 12 45-46
Jan. 12.53 12.60.12.52 12.60 12.60-61 12.48-49
l-'.-b ' 12.63-64 12.51-52
: Molt 12.66-68 12.56-57
1 X pt- 12.71-72 12.60-61
’ Muy I2_7oJ:'_7o 12.70 12.70 12.76-78 12 65-116
Closed steady.
SPOT COTTON MARKET.
Atlanta, steady; middling 12'„.
New Orleans, easy middling 13' H .
New York, steady, middling 12.80
I’h'ladephla. stea.iy; middling 13.05.
Boston, steady; middling 12.80.
Liverpool, steady; middling 7.18 d.
Savannah, steady; middling !2' # .
Augusta, quiet; middling 13c.
Moltiliv nominal.
Galveston, steady: middling 12%.
Norfolk, steady; middling 13%.
Wilmington, nominal.
I.ittle Hock, firm: middling 12%.
Charleston, nominal.
Baltimore, nominal: middling 13c.
Memphis, steady; middling 12%.
St Bouts, steady; middling 12%.
Houston, steady; middling 12%.
I l.ouisvllle, firm; middling 12%.
PORT RECEIPTS.
The following table shows receipts at
tiie ports today compared with the sama
day last yearj
j >912. i mi: ~
N.-w Orleans. . . . 674 90
Galveston 609 525
| Mobile- 16 14
Savannah '264 53
II !ha rlest on - .... 3
; Norfolk 307 59
I Boston. 3 ....
~~Total ~E873~~ 714
I NEW YORK PRODUCE MARKET.
I NHW YORK. July 23. Wheat firm;
■ September spot No. 2 red
I I.OSi; 1.09% in elevator and 1.09 f. o. b.
I Corn strong. No. 2 in elevator nominal,
export No 2 79% f. o. b.. steamer notn-
| Inal. No. 4 nominal. Oats dull; natural
■white 57% nominal, white clipped 59716'2.
Rye dull. No. 2 nominal f. o. b. New
York. Barley quiet; malting nominal
le. i f. Buffalo. Hay weak: good to
prime 907/1.35, poor to fair 80 nominal.
Flout /lull: spring patents 5.357/ 5.60,
straights 57/5.50. /dears 4 857/5 10. winter
patents 5.607/5 85, straights 5.05'05.15,
clears 4.607/ 4 80.
Beef steady: family 187/ 18.50. Pork
easy mess 20®20.M>, family 20®21. Lard
easy; city steam 10L7/10',. middle West
spot 10.40 hid Tallow steady; city (in
; hogsheads) 6%, country (in tierces) 5%
1 efi%.
' news and GOSSIP,
Os the Fleecy Staple
NEW YORK, July 23.—1 t is believed
that big bulls have liquidated their lines
and are taking the bear side for a turn.
Anticipations an' for a bullish bureau
report August 2. Many say the crops in
the eastern and central belts have de
teriorated considerably. Reports are that
Texas and Oklahoma have improved.
However, they have just about held their
own.
The strike at New Bedford is causing
anxiety in the cotton market.
The feature of the cotton trading
at present Is the phenomenal strength in
spots.
Dallas wires: “'l'exas and Oklahoma
generally clear; not so warm.”
Browne, Drakeford & Co., Liverpool, ca
ble: “America and trade buying; Job
bers buying in early sales.”
Some buying on the dry western belt
w;js done this morning. Mitchell, Free
man, E. K. Cone and Parrott were best,
buyers; selling scattered.
Following are 11 a. m. bids: July 12.15,
October 12.15, December 12.36, January
12.35.
NEW ORLEANS, July 23. Haywanl
Clark: The weather map shows fair in
entire belt, except few cloudv spots In
central states and North (’arolina. No
rain, except light showers in San Antonio,
Houston. Mississippi and Louisiana.
Map indicates part cloudy to fair in
belt, except increasing prospects for un
settled rains coming on northwest 'i'exas
and < tkkihorna next 36 hours.
The weekly weather report favorable,
except Louisiana, Georgia, Mississippi and
(’klahoina.
Taylor, Texas, says in consequence of
recent rains, the San Gabriel river, live
miles north of there is now on a four-foot
rise.
The New Orleans
summary: Arguments on both sides ap
pear to have Tost their force, and some
new issues must apparently develop be
fore speculative activity will be witnessed
on the grand scale so pleasing to the
brokers and to traders generally. Senti
ment in the market is about evenly bal
anced, and the good reports that are com
ing from Texas, and the bad reports from
the central belt and the Atlantlcs are
monotonously uninteresting to the profes
sional element, observant cotton men, re
turning from Texas, bring glowing ac
counts of crop conditions in that state,
while others, equally observant, bring dis
tressing news as to conditions in Missis
sippi. Alabama. Georgia and portions of
the Carolinas. In sheer desperation over
such a perplexing state of affairs, students,
of th(» situation are paying more heed to
the dry goods reports from the leading
markets. According to those reports, tl»e
mills seem confident that prices are up to
stax up, and are receiving orders for de
livery only up to October 1, not wishing
to take any chances on the price of the
raw material advancing to a much higher
level between now and next fall. These
reports lax- stress upon the fact that xvhlle
the crop grown in 1911 was enormously
large, it left much to be desired of the
way of quality ami grade, and incidentally
light Is thrown on the urgent demand re
cently noted for good grades of white cot
ton. These observations apply principally
to American ndlls, the foreign spinner
having shown rare good judgment in lay
ing in full supplies when the better grades
were to be had.
Estimated receipts Wednesday:
1912. 1911.
New Orleans .... 6,000 to 7,000 696
THE WEATHER ”']
CONDITIONS.
WASHINGTON, July 23. The weather
will be showery tonight and. Wednesday
in the upper Lake region ami tonight or
Wednesday in the upper Ohio valley, the
lower Lake region, the northern and west
ern New York and western Nexx England
states. In the Atlantic and east Gulf
states and the lower Ohio valley gen
erally fair weather will prevail. It will
be warmer in the lower Lake region and
the interior of the middle Atlantic states
and New England.
GENERAL FORECAST.
Following is the forecast until 7 p. m.
Wednesday:
Georgia Generally fair tonight ami
Wed nesday.
Virginia Fair in the northern and east
ern portions and local showers in the,
southwest portion tonight or Wednesday.
North Carolina Local showers tonight
or Wednesday.
South (’arolina. Florida;' Alabama and
Mississippi Generally fair tonight and
Wednesday.
Louisiana—Unsettled, with showers in
the east.
Arkansas- Unsettled, with showers.
Oklahoma and East Texas Unsettled.
West 'l'exas Unsettled, with showers
in the west.
DAILY WEATHER REPORT.
ATLANTA. GA., Tuesday, July 23. -
Lowest temperature 74
Highest temperature xx
Mean temperature 81
Normal temperature 78
Rainfall in past 24 hours, inches 0.90
Excess since Ist of month, inches 90
Excess since January 1, inches 17.50
REPORTS VARIOUS STATIONS.
I Tom pe ra tu re IR’ f all
Stations— I Weath. j 7 ' Max. | 24
I |a. im J_y day. ih_ours.
Augusta Clear 80 ! i ....
Atlanta Clear 76 I 88 ....
Atlantic City. Clear ' 64 84 ....
Boston Clear 60 78 I ....
Buffalo Cloudy 58 ; 70 I ....
Charleston ... Pt. ddy 82 ! 96 I ....
Chicago Cloudy 70 72 ....
Denver Pt. cldy. 66 84 .02
Dos Moines ....Clear 78 86
Duluth Cloudy 54 ■ 58 • .20
Eastport Cloudy ' 54 58 i .08
Galveston .... Clear ' 82 88 j ....
Helena Clear 1 50 1 72 ' .38
Houston Clear 1 78 ' .08
Huron Clear 76 88 1 .24
Jacksonville .. Clear 82 ' 94 I ....
Kansas City.. Ciear 80 94 .0!
Knoxville .... Cloudy 1 74 90 .58
Louisville ....Clear 74 88 :
Macon ‘Clear ’ 80 90 ....
Memphis Clear 78 90 •
Meridian Clear 76 ! .56
Mobile Clear 78 88 I .02
Miami Clear 84 88 I ....
Montgomery Pt. cldy. 78 90
Moorhead . . Pt. cldy. 68 84 ' .06
New (>rleatis. Cloudy 80 90 ■ ....
New York... Clear 64 So 1 ....
North Platte. Clear 74 94 ....
(iklahorna Clear 76 96 : ....
Pittsburg .... Cloudy 66 78 ....
P’tland. Oreg Cloudy 60 70 ....
San Francisco
St. Louis Clear 80 84 , .01
St. Paul Raining 68 74 1.10
S. Lake City . Clear 60 90 ■ ....
Washingt on ..1 Cl ear ' 66 1 82 ! ....
c~F~v< >N H !•.!(': M aSection Director.
GOVERNMENT WEEKLY
REPORT ON WEATHER
WASHINGTON, Ju lx 23 Precipitation
occurred generally throughout the cotton
region, except that over a large area in
southeastern Oklahoma and northern
Texas, where there was no rain. The
precipitation was unevenly distributed,
but xvas generally heaviest in southern
Louisiana and northern Florida. More
than two Inches occurred in parts of
Toxas. Louisiana, Mississippi, Alabama,
Georgia. Florida and South (’arolina
The greatest weekly amount. 5,60, oc
curred at Tallahassee, Fla. Mean tem
peratures ranged from nearly normal to
4 degrees below normal over the south
eastern portinn of the cotton region
There was also a small area In northeast
ern Texas, and on the lower coast of
Texas with mean temperatures normal or
slightly below. Elsexvhere the mean tem
peratures ranged from 1 to 4 degrees
above normal, the greatest excess being
at Asheville. N C Weekly mean tem
peratures ranged from 74 to 82 over the
eastern, from 80 to 82 over the central,
and from 82 to 86 over the western por
tion of the cotton growing states. The
lowest mean temperature, 74 degrees,
occurred at Asheville, N. C., and the
highest, 86, at Del Rio, Toxas.
COTTON SEED OIL.
NEW YORK. July 23 -Carpenter, Bag
got &• Co.: The market xvas very steady
around the opening owing to the firmness
in lard, and on buying in *ho near months
by leading refiners, but there is consider
able oil for sale on the hard places and
values sagged a little. |
TRADERS ATTACK
MILM STOCKS
Hammering Forces Several
Moderate Declines—Reading
Rallies After Drop.
By CHARLES W. STORM.
NHIV YORK, July 23 \lthough price
movements were irregular in the early
transactions on the New York stock ex
change today', the tone of the market was
generally steady and tiie recessions that
occurred were for the most part gained
before the end of the first fifteen min
utes of trading. On the other hand, these
Issues tliat opened at an advance gener
ally lost their gains in the initial trading.
The character of Washington dispatches
giving prominence to the forecasts of Hie
Stanley committee’s report was used as
an incentive for some selling of Steel
common, which was heavy, yielding % to
70% anti allowing no rallying power.
Reading, which sold ex-dividend 1%.
points at the opening, made a gain of %,
which-was followed by a decline of %■
General Electric, after . selling down a
point, rallied to yesterday’s closing price
Amalgamated Copper opened % higher -.t
83%, but yielded % in tile early trans
actions. American issues in the Lon/loti
market were firm in tone, but narrow in
tange.
Steel common was under pressure In
the late forenoon, declining %. Similar
losses were recorded in Heading. Union
Pacific and St. Paul. There was con
tinued accumulation of Erie. The copper
stocks were in good demand.
The curb market opened steady.
Business was extremely dull after mid
day, being left almost exclusively to pro
fessional traders who made several at
tacks upon the railroad :>nd industrial
shares, forcing several moderate declines.
Reading dropped 1% from the opening to
lf>2-\ and tlien rallied to 163.
Tiie market closed Irregular; govern
ments unchanged; other I ds steady.
Stock quotations:
■ i Clos.lPrcV
STOCKS - Jligli 1 ,ow. Sale.i Bld jCI se
Antal Copper. 83% 83 83■ 33%
Am. lee See... j .... 25 25
Am. Sug. Ref..: ....■ . I Z B %J2B %
Am. Smelting , 83 82% 82%, 82% S 3
Am. 'z.icomo 42’«» 42%
Am Car Edy.., 58 ' 57% 57% 57% 58%
Am. Cot. Oil . 53 i 53 53 53%,
Am. Woolen 26 "j 26 "
Anaconda 41 % H % 41'.. 41 '. 41%
Atchison I<>«% 10S 1118'01.08% lt'B%
A. C. 1, 139 .139%
Amer. Can ... 36% 36% 36% 36 36%
do, pref J 16% ■!.! 7%
Am. Beet Sug 73%. 73% 73% 73% 73%
Am. T. and T. 145% 145'.. 115'., 115% 145%
Am. Agricul 61 60%
Beth. Steel ... 35 35 | 35 35% 35
R■ R■ I ' 91 ! s 1 ''h 91% 91. % 91 ■ g
B. and <_> 109'. 4 lU;|%. 109% 109% 109%
Can. Pacific .. 265 .»,kt;>'>% 265% 31:4 0, 3i;ii%
Corn Products 15'% 15% 15'% 15" 15%
'’. and 1 ) 80% 80 80'.. 80 80%
Consol. Gas . . 145 141% 111%. 145 145%
Cen. Leather . 27% 27 27 27 27%
Colo. F. and I. 31 ■ 30%, 30% 29 , 31
<‘olo. South *' .... 39 33
1 ami H. ..... 167 ;Ltl7
1 >en. and R. G. .... ■ 19 19
Distil. Secur... 32%, 32% 32% 31% 31%
Erie ... ....... 35% 35% 35% 35-5, 3... s
do, pref. .. 54 54 54 63% 54
Gen. Electric . 82 , 79% 81 81 ’ 80%
Goldfield Cons. 4 4 4 | 3% 4
G. Western ... 1; 16
G. North., pfd. 137% 137% 13'.136% 137'..
G. North, lire.. 42 12 12 42 42%
int. Harvester 130 120%
111. Central .. 1.31 % 131 %J3l % 131 i:’.o‘‘
interboro 20% 19% 20% 20% 20%
do, pref. .. 58% 58% 58% 58% 58%
lowa Central . .... .... 9, 13
K. C. South... ....I ....; . ...i 21% 24%
K. and T. .... .... 27 % 27
do, pref. .. CO 59
L. Valley . . 167 -166% I >6% 1t1f.% 167%
L. and N. . . 151 %, 1 :/7 %: 1 ;»7 i/2 157 157 %
Mo Paeitie . . 36% 36% 36% 36 36
N Y. Central 115%. 1 15% 115'■■ 115' ■■ 115
Northwest .... ... .. 138138
Nat. Lead . . 59% 59% 58% 58% 59
N. and W. . . 116% 116'-. 116% 1 l«i x 117
No. Pacific . ~121% 120'.,;i20% 120'., 121%
O. ail'd W 32'.. 32%
Penn 123% 123'% 123% 123%t123%
Pacific Mail . 31% 31% 31% 31% 31'-.
I'. Gas Co. . . 115% 115% 115-1, 115'- 116%
I’. Steel Car 34% 35'.,
Reading .... 161 162% 163 162% 165
Rock Island 34% 34% 24% 24% 24%
do. pfd.. . . 48% 48% 18 3 48% 48%
R I. and Steel . 25% 26%
do. pfd 84'., 84'.,
S.-Sheffield 55 55
So. I 'ncif'ie . .110 109% 109 4 10'.)% 1 ln%
So. Railway . 29 28 ', 28% 28% 29
ilo. pfd.. . <* % 77% 77% 77 77 %
St. Paul. . . . 103% 103 103 103 103%
Tenn Copper 13%. 43% 13% 42% 43%
I'exas Pacific 22% 22% 22% 22 ~ 22%
Third Avenue 39'- 36% 36'-. 37 36%
I nion Pacific 1.68% 167% 167% 167% 168%
U. S. Rubber 53 ' 52% 52%. 52% 56%
Utah Copper . 62 61 % 61% tn % 61%
U. S. Steel . . 70% 69'. m 69'4 69% 70%
do. pfd.. . . 112% 112', 112% 112 112%
V. Clrem. . 49% 49 , 49% 49% 49%
W. Union ... , 82% 82
Wabash 4 4
do. pfd.. . ~ 13%! 13%, 13%: 13% 13%
W. Electric . . 78% 77% 77% 77% 77
Wis. Central . ....: .... ....I 50 I 52
\\ . Mar) la nd ' ... .. . .... 58 jSB
Total sales. 183,000 shares.
METAL MARKET.
NEW YORK, July 23. I'ullness was
shown in the metal market today. Cop
per. spot. 17.250/ 17.50; August, 17.300/
17.55; September and < letober, 17.300/
17/60; tin, 43.609/ 13.90; spelter, 7.150/ 7.30;
lead, 4 600/ 4.75.
MINING STOCKS.
Bi iS'l'i )N. July 23. Opening: Shannon
17. .ihmeek 350. Superior an/l Boston 1%,
Butte Superior 42, Fruit 207%, Chino
33, Calumet and Arizona 75%.
Prudent, But Helpful
npllOUGii THE NECESSARY PRE-
* cautions arc observed in making loans,
there is never the least discourtesy or lack
of consideration shown to pstrons of this
old,reliable institution. Instead.the officers
are anxious to aid and abet any worthy
cause toward the creation and develop
ment of business enterprises in and
around Atlanta. With this purpose in
view, customers are treated witli tiie
greatest courtesy, and their needs met to
the full extent of their balances and re
sponsibility.
We woidd like to help YOU.
Atlanta National Bank
The Oldest National Bank
in the Cotton States
ARBY aoWCa tl'aNtX 1 '
JULY MT TRADE
FMTMi
Advance Reaches 4 1-2 Cents*
Wheat and Corn Rise Pro
portionately.
ST. LOUIS CASH QUOTATIONS.
Wheat No. 2 red (new) 101 ©102%
Corn 72 %© 73
oats 50
CHICAGO, July 23. Wheat opened
strong, from %. to I%c higher on the va
rious options, the latter on July, due to
higher Liverpool cables and wet weather
over the Northwest, which will delay har
vest Shorts were heavy buyers, while
otterings were light.
Corn was % to %c higher on short cov
ering and in sympathy with wheat.
Oats advanced % to %e. the latter on
July, wet weather Northwt-st causing lib
eral short covering.
Ilogs products were strong and 5 to 10c
higher, with hogs advanced 5c at the
yards.
\\ heat closed today strong In tone and
with prices ranging from l%c to
luglier. Black rust reports, unfavorable
weather in Canada ami firm cables con
tributed Io the strength. Short covering,
however, boosted prices more than all
the other influences.
_ Corn was 1 %c to 2%<: better at the
finish. Complaints so drouth damage from
tile Southwest and higher cash prices
caused tiie futures to advance.
Oats were very strong and final prices
showed gains ranging from %c to 4%c.
Wet weather in the belt, which will in
terfere with harvesting, was the main
factor.
i’revisions were irregular. The range
was narrow. Pork closed 5c to 7%c high
er. Teird and ribs were unchanged to 5c
better.
CHICAGO GRAIN MARKET.
Open. High. Low. Close. Close.
Prev.
WHEAT-
July 97 99% 96% 98% 96
Sept. 93 94% 93 94% 92%
Dee. 95% 97% 95% 97% 95%
•May 1.00 1.01% 99%
CORN -
July 71'j , 72 08% 71 68%
Sept. 64V 4 66% 64% 66% 63%
Dec. 56% 57% 56% 57% 56
May 57% 58% 57% 58% 57%
<) AT S
July 44% 48% 44% 48% 44
Sept. 33% 34% 33% 34% 33%
Dee. 35 35% 34% 35% 34%
May 37 37% 37% 37% 37
PORK
Jly 17.42% 17.42% 17.42% 17.42% 17.35
Spt 17.70 17.75 17.65 17.72% 17.60
Oct 17.77% 17.77% 17.70 17.65 17.67%
1 ARD -
Jly 10.42% 10.57% 10.50 10.50 10.47%
Spt 10.62'5 10.70 10.62% 10.65 10.57%
Oct 10.70 10.70 10.65 10.60 10.65
BUIS -
Jly 10.37% 10.45 10.35 10.40 10.35
Spt 10.50 10.52% 10.40 10.40 10.42%
Oct 10.15 10.45 10.40 10.45 10.32%
LIVERPOOL GRAIN MARKET.
Wheat opened %d lower to %d higher;
at 1:30 p n>. was %/i higher for Octo
ber and December. Closed %d to %d
higher. «
Corn opened %d higher: at 1:30 p. m.
was %d higher for September. Closed
%d higher.
CHICAGO CAR LOTS.
Following are receipts for Tuesday and
estimated receipts for Wednesday:
ITuesday. iWedn’sday
Wheat ’ 246 332
Corn ! 161 103
oats | 138 80
11 ' ,gM _ ■ ■ ■ • ■ ■ ■! 10.000 27,000
PRIMARY MOVEMENT.
WHEAT— I 1912 I ini t
Receipts I 1.096,000 I 1,29C0(J»'
Shipments 620,000 I 547,070
•"CORN— l_ I
Receipts 1 421.000 I 369,000
Shipments ' 44,000 I 702,000
LOCAL STOCKS AND BONDS.
Bld. Asked.
Atlanta & West Point Tl. R.. 140 145
American Nat. Bank 220 225
Atlantic Coal <Kr ice common. 100% 101
Atlantic Coal & Ice pf<l 90 92%
Atlanta Brewing & Ice C 0... 175
Atlanta National 8ank...... 320 330
Broad Riv. Gran. Corp 20 25
do pfd... 66 70
Central Bank * Trust Corp. ... 150
Exposition Cotton Mills 160 165
Fourth National Bank 262% 267%
Futon National Bank 127 131
Ga. Ry. & Elec, stamped.... 126 127
Ga. Rv * Power Co. common 27% 31
do. Ist pfd 81 85
do. 2d pfd 45% 46%
Hillyer Trust Company 126 131
Lowry National Bank 248 250
Realty Trust Company 108 110
Sixth Ward Bank 100 110
Southern lee common 68 70
The Security State Hank.... 115 120
Third National Bank, new... 225 230
Trust Company of Georgia... 225 235
Travelers Bank <B.- Trust C 0... 125 126
BONDS.
Atlanta Gas Light Ist 5s 102 104%
Broad Riv. Gran. Corp. Ist 6s 90 95
Georgia State 4'.,5, 1915, 55... 100% 101
Ga. Rv. & Elec. Co. 5s 102 104
Ga. Ry. X- Elee. ref. 5s 100 101
Atlanta Consolidated 5s 102% ...
Atlanta Citv 3%5, 1931 91 92
Atlanta City 4%5, 1921 102% 103%
17