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fifWW IN MONEY MARTS Express Business Looks Like a ■•Family Affair” to the Com merce Commission. By B. C. FORBES. XEVV YORK, July 23.—Our express companies are privilege incarnated. They fattened on the necessities of a widely scattered people, riding roughshod over reason, flouting all protests, gov erned by no laws—not even their own— waxing more opulent and more arrogant war 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 fall. And unless some thing very unexpected happens they are about to be brought to earth with a thud. The interstate commerce commission is 1,, unhorse them. A parcels post law should finish the job. « » » rhe whole fabric of express business was and is founded on privilege—on in fluence exerted over railroads, on wire pulling politically ar.l financially, on col lusion "among friends,” on a common conspiracy to filch unnumbered millions nf 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 other 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 these companies, it 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 by not more than three groups of Interests.” A veritable Plunderbund! » ♦ ♦ Os the express companies' shortcomings ft 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 busyjtess. 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 out 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: Double collection of lawful charges. Overcharges and undercharges, es- Furniture For Sale. Furniture For Sale. CLOSING OUT SALE 60 DAYS 60 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 WHITEHA LL STREET. Real Estate For Sale. Real Estate For Sale Oak View Bungalow •IL'ST off East Lake drive, on a beautiful level lot, 65x200 feet, I am of fering a delightful little bungalow of five rooms. This place has fur nace heat and is equipped for water and electric lights, both of which im provements are assured within the next 90 days. The environments are I'leal and the place can be bought for $3,000, on terms. EMMETT HIGHT REAL ESTATE 513-514-515 Empire Building. WILLIAMS-HARTSOCK CO. real instate and builders. fourth national bank building n .... Phone 2106 Main. IA HE 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 ""front I’ or ch and in bath, hardwood floors, birch doors, stone mantel, exposed ""mg beams, bookcases, walls tinted in rich colors, dressing room with large > • glass mirrors in doors, which gives a beautiful effect, plate rack, butler's yantry. china closet, splendid basement. This is located directly In front of Painter’s beautiful 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 ice is right and terms easy. No - 352 MYRTLE STREET. Here is an eight-room tWo-story home, located on a corner lot; will either sell or exchange; will take vacant property as part BARGAIN. ST -AM-HEATED APARTMENTS—Just go out to No. 300 West Peachtree 7 rf ' p t and you will find some of the nicest “NEW” apartments In the known convenience to the apartment. Will rent you one. THESE BARGAINS TO BE SOLD AT GREENE 448 E. GEORGIA AVE., nice 8-room I 1 T7* A T r house, in best part of street. Price I\ IV/X I I V $3,750; terms. 360 ORMOND ST., good 6-rootn cot- COMPANY JR XT" "" •’ —Real Estate. Renting. Loans. 511 Empire Bldg. Both Phones 1599 L listen s Sale of Northeast Corner of Mangum and Thurmond Sts. 1 " IXi: ,hf ‘ property of W. E. Feldman, BANKRUPT, and being the store ■‘hd house fronting 60 feet on Mangum street and 50 feet on Thurmond i'hls semi-central property will he sold on August 20, 1912, at 11 the HIGHEST BIDDER for cash (purchaser to assume a loan, . ' nted by a mortgage, of $1,147.45), at the office of P. H. ADAMS, " '’ ice. tn Grant building. NATHAN COPLAN. TRUSTEE. 7-23-7 R oA I I? EAST GEORGIA A VE., V7l\ OALL NEAR WASHINGTON. IfAT TAT T (Real Good Home.) I t I I —l \j I HOUSE 2 story, with 8 rooms. May J N-'J- AX 1 I . f, e easily converted Into tL'its. Lot \T Tr N -w—-V 45X100 feet. In nice condition. REAL VVI 1! S 11 Q T TAT? EASY TERMS. Price $4,000. * » I J I Hr. THUS. R. FINNEY, Sales Mgr., 12 Auburn Avenue. - ■" ■ nr SOLDIERS CALLED OUT TO QUELL RIOTS IN IRELAND BELFAST. IRELAND, July 23. —ln anticipation of rioting over the return to work of 1,200 hands in the Harland and YY 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 piers. Unreasonableness 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 entirely upon the information fur nished them by express agents. The unreasonableness of the rates charged by the carriers. * » « The 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 bear. What is the remedy for the whole prob lem? How can fair play be guaranteed the public? In one word, the United States has been divided into 950 blocks, about 50 miles square, and rates fixed be tween all of them so that any one can tell exactly how much it will cost to ex press a package from any point in the country to any other point. This should rob the companies 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 and 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 9 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, 1912. | ATLANTA MARKETSI EGGS—Fresh country candled, 17@18c. BUTTER—Jersey and creamery, in 1-lb. blocks, 20@22%c; fresh country dull, 10@ 12%c pound. DRESSED POULTRY—Drawn, head and feet on, per pound: Hens 16@17c, fries, 25@27%c; roosters, 8@10c; turkeys, owing to fatness is@?oe. LIY’E POULTRY—Hens 40@46c. roost ers 25@35c; fries, 18@25c: broilers, 20@ 25c; puddle ducks. 25®30c; Pekin ducks. 40@4uc; geese, 50@60c each; turkeys, owing to fatness, 14@15c. FRUITS AND PRODUCE. FRUIT AND Y’EGEtABLES—Lemons, fancy, 54.001] 4 50 per box. Florida oranges, $3@3.50 per box. Bananas. 3@3%c per pound. Cabbage, l@l%c per lb. Peanuts, per pound, fancy Y’a.. 6%@7c, choice, 5% ®6c. Beans, round green. 75c@51.00 per crate. Florida celery, $2@2.50 per crate. Squash, yellcw. per six-basket crates, $1.00@1.25. Lettuce, fancy, $1.25@1.56 choice $1.25@1.50 per crate. Beets. $1.50 @2 per barrel. Cucumbers. 75c®51.00 per crate. New Irish potatoes, per barrel, $2.5003.00. Egg plants, $2@2.50 per crate. Pepper, $1.0001.25 per crate. Tomatoes,fancy.six basket crates, $1.50@1.75: choice tomatoes, $1.7502. Pineapples. $202.25 per crate. Onions, $1.0001.25 per bushel. Sweet pota toes, pumpkin yam. $1@1.25 per bushels. Watermelons. $lOOl5 per hundred. Can taloupes, per crate. $1.00@1.25. PROVISION MARKET. (Corrected by White Provision Company.) Cornfield hams, 10 to 12 pounds average, 15¥c. Cornfield hams. 12 to 14 pounds average, 15$$c. Cornfield skinned hams, 16 to 18 pound* average, 16%c. Cornfield picnic hams. 6 to 8 pound* average, ll%c. Cornfield breakfast bacon, 22c. Grocer style bacon (wide or narrow), 17%c. Cornfield fresh pork sausage (link or bulk) 25-pound buckets. 11c. Cornfield frankfurters, 10-pcund 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 In pickle, 50-nound cans, $4.50. Cornfield frankfurters in pickle, 15- oound kits, $1.50. Cornfield pickled pigs feet, 15-pound , kits, sl. Cornfield pure lar ! (tierce basis), 1161 c. Country style pure lard. 50-pound tin* ! only, 1114 c. Compound lard (tierce basis), 9c. D. S. extra ribs, 1114 c. D. S. rib bellies, medium average, ll%c. ' D. S. rib bellies, light average, 12%c. FLOUR AND GRAIN. FLOUR—Postell's Elegant. $7.50; Gloria (self-rising. $6.25: Victory (finest patent), $6.00; Faultless, finest, $6.25; Swansdown 1 (highest patent), $6.25; 'Home Queen 1 (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: YVhite 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 OIL. Cotton seed oil quotations: I Opening. | Closing. Spot I i 6.5006.60” July I 6.4906.60 I 6.50®6.55 August j 6.5906.60 I 6.5006.54 September . . . . I 6.6506.66 > 6.60@6.62 October ! 6.6606.67 [ 6.610 6.62 November I 6.340 6.35 ! 6.2906.30 December [ 6.30® 6.32 i 6.2406.25 January_. : 6.2906.30 j 6.2406.25 Closed heavy; sales 8,600 barrels. i CHICAGO CASH QUOTATIONS. CHICAGO, July 23.—Wheat, No. 2 red, i 97»;@1.00%: No. 3 red, 95%@98%: No. 2 hard winter, 97%@1.00; No. 3 hard win ter, 9514&93: No. 1 northern spring, 1.06 ! @1.12; No. 2 northern spring, 1.04@1.09; No. 3 spring, 1.0001.06. Corn, No. 2, 70@71%; No. 2 white, 77® 77%; No. 3 yellow, 71%@72%; No. 3, 69% @7O; No. 3 white, 76@76%; No. 3 yellow, 70%@71%; No. 4, 67%@69%; No. 4 white, 73%®74; No. 4 yellow. 69 @7O. Oats, No. 2, 46@46%; No. 2 white, 54® 56%; No. 3 W'liite, 53% @55; No. 4 white. 50@53%; Standard, 54@55%. ? BUTTER, POULTRY AND EGGS. NEYV YORK, July 23.—Dressed poultry, steady; turkeys, 13@23; chickens, 18@28; fow’ls, 12020; ducks, 18018. Live poultry, nominal; prices unsettled. Butter, firm; creamery Specials, 26’® 26%; creamery extras, 27 @27%; state dairy tubs, 31%@26c; process specialo, 26 asked. Eggs, unsettled; nearby white fancy, 27 ®2B; nearby brown fancy. 24@25; extra firsts. 23024; firsts, 18%@19%. Cheese, steady; white milk specials, 15% @15%: whole milk fancy, 15015%; skims. 1 specials, 12%@12%; skims, specials, 12% 12%; skims, fine, 10%@ll%; full skims. 6 % 0 8 %. LIVE STOCK MARKET. CHICAGO, July 23.—Hogs—Receipts 14,- 000. Market 5c higher; mixed and butch ers $7.3007.95, good heavy $7.60@7.85, rough heavy $7.2007.55, light $7.40@7.95, pigs $6.2507.40, bulk $7,650'7.85. Cattle—Receipts 3,000. Market steady; beeves $6.2009.50, cows and heifers $2 60 0 8.05, Stockers and feeders $4.2506.75, Texans $6.25@8.15. calves $7.50@8.75. Sheep—Receipts 25,000. Market steady; native and YVestern $3.2505, lambs $4.50 07.40. NEW YORK COFFEE MARKET. Coffee quotations: , | Opening. | Closing. January .... .'13.05@13,10!18.12@13.13 February (13.00@18.05 13.10® 13.13 March 113.15 13.22® 13.23 April |13.17@13.20 13.24013.25 Mav 13.21 @13.25:13.26013.27 June 113.20013.25 13.25013.26 July 112.79@12.81 August 12.60 [12.86@12.88 September 112.93 12.92012.93 October 112.88 113.00®13.01 November '12.95 0:13.00113.05 013.07 December. ... .113.07 11.3.11 @ll ’J Closed steady. NEW YORK GROCERIES. NEYV YORK, July 23.—Coffee barely steady; No 7 Rio spot 14014%. Rice firm; domestic ordinary to prime 4%®5%. Molasses steady; New Orleans open kettle 36050. Sugar raw quiet: centrifugal 3.985, muscovado 3.485. molasses sugar 3.235, re fined steady; standard granulated 5.15, > cut loat 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. 4 4.80. COTTON MARKET OPINIONS. Bally 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 A- Co.: Probabilities . seem to favor a Somewhat lower level, if forecasts for better weather in the At lantic* shall materialize. Stemberger, Sinn & Co.: Changes in prices will bee ntirely governed by the weather conditions. Thompson, Towle A- Co.: We would I buy cotton only on breaks. Renskorf. Lyon A Co.: Look tor a I scalping market with a sagging tendency. ; .1. S. Bache A Co.: We advise the pur- 1 chase of the distant positions on any I • marked reactions. INTERIOR MOVEMENT. Houston I 127 I 290 Augusta .1 115 ' 38 : Memphis 1 408 456 , St. Louis 366 17 Cincinnati .... 1 57 Little Rock .... I 33 Total j LOH I 1.391 STRONG GABIES ADWNGEGOTTDN Spot Interests Good Buyers on Dry Weather in Texas—Un settled Elsewhere. NEYV YORK. July 23.—Cotton opened active on the New York exchange today, early prices ranging from 5 to 7 points higher as the result of the strong cables. There was little rain shown in the east ern belt, but this apparently had small influence. The steady buying of the Oc tober option by spot interests was a prominent feature in the initial trading, serving to check bear pressure in the new crop months. After the call the market became very steady. During the afternoon trading the mar ket closed only a few points different trom the opening. Business was be|ng 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. The market 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 net gain in prices of 9 to 11 points from the final quotations of Monday. RANGE OF NEW YORK FUTURES. cx— - - • o x -i "5 5 July 12716112.21112715 12.20 12.20-21112.11-12 Aug. 12.15i12.21112.13 12.21 12.20-21112.10-13 Sept. 12.24 12.27112.24 12.27112.26 - 28|12.18-20 Oct. 12.37112.41112.34 12.40112.40-41; 2.31-32- Nov I [..... |12.36-38|12.26-27 Dec. 12.38;12.42; 12.34112.40112.40-41112.31-32 Jan. 12.35; 12.41'12.33|12.39|12.39-40:12.29-30 Feb I I 112.41-43,12.31-32 Meh. 12.44(12.50:12.44:12.50[12.48-50(12.39-40 May 12.51112.58; 1t.50;12.58|12.57-58;12.46-47 Closed steady. Liverpool cables were due 1 point higher to % point lower. Opened steady and unchanged. At 12:15 p. m. the mar ket was steady, 3 to 4 points higher. Later cables. 1 to 1% points higher than 12:15 p. m. 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. Pre*. July . . . 6.93 -6.94 6.96 6.95 6.90% July-Aug. 6.89%-6.93 6.94 6.95 6.89 Aug.-Sept 6.84%-6.88% 6.89% 6.89% 6.84% Sept.-Oct. 6.74 -6.76 6.77% 6.78 6.73 Oct.-Nov. 6.66 -6.69% 6.71% 6.71% 6.66% Nov.-Dec. 6.62 -6.65 6.66 6.67 6.62 Dec.-Jan. 6.61 -6.63 6.65% 6.66% 6.61 Jan.-Feb. 6.61%-6.61% 6.65% 6.66% 6.61% Feb.-Mch. 6.63 -6.64 6.67 6.62 Meh.-Apr. 6.63 -6.65% 6.67 6.68 6.63 Apr.-May 6.66 6.68% 6.63% May-June 6.64 -6.67 6.68 6.69% 6.64% 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 show ers in the central and eastern states, and good prospects for unsettled 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 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.” Our market gained about 6 points in the early 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. Anticipa tion of a bullish August bureau is per haps the strongest factor in sustaining values. San Antonio advises the ginning of five new bales, and that picking will become more general in a week. RANGE IN NEW ORLEANS FUTURES, c x LI “ t k > ® & •£ spa Q July |13.16T13716f13.11,13.13113.13-16113714 ~~ Aug. 12.90'12.92 12.85112.91’12.90-92112.89-91 Sept. >12.69112.76112.69! 12.76 12.72-74112.68-71 Oct 12.52i12.58|12.49!12.58 12.57-58i12.47-48 Nov. I j 1 112.56-57112.46-47 Dec. 12.50 12 57112.47 12.57 12.56-57112.45-46 Jan. 12.53h2.60 12.52:12.60 12.60-61112.48-49 Feb 1 112.63-64112.61-52 Meh 112.66-68112.56-57 Apr 1 12.71-72112.60--31 May 12.70'12.70 12.70 12.70:12.76-78 12.65-66 Closed steady. SPOT COTTON MARKET. Atlanta, steady; middling 12%. New Orleans, easy; middling 13%. New York, steady; middling 12.80. Philadephia, steady; middling 13.05. Boston, steady; middling 12.80. Liverpool, steady; middling 7.18 d. Savannah, steady; middling 12%. Augusta, quiet; middling 13c. Mobile, nominal. Galveston, steady; middling 12%. Norfolk, steady; middling 13%. Wilmington, nominal. Little Rock, firm; middling 12%. Charleston, nominal. Baltimore, nominal; middling 13c. Memphis, steady; middling 12%. St Louis, steady; middling 12%. Houston, steady; middling 12%. Louisville, firm; middling 12%. PORT RECEIPTS. The following table shows receipts at the ports today compared with the same <lav last year: 1 1912 - 1 ~ 19117 New Orleans. . . .! 674 I 90 Galveston I 609 525 Mobile ' 16 14 Savannah I 264 I 53 Charleston .... : 3 Norfolk I 307 | 59 Boston > 3 I .... ~TmTI 1 1.873 | 744 NEW YORK PRODUCE MARKET. NEYV YORK, July 23—YYTieat firm: (September 1.08%®1.08%. spot No. 2 red 11,0801.09% In elevator and 1.09 f. o. b. Corn strong; No. 2 In elevator nominal, export No. 2 79% f o. b., steamer nom inal, No. I nominal. Oats dull, natural 1 white 57% nominal, white clipped 590 62. Rye dull; No. 2 nominal f. o. b. New York. Barley quiet; malting nominal Ic. i. f. Buffalo. Hay weak; good to prime 9001.25, poor to fair 80 nominal. Flour dull: spring patents 5.360 5.60, straights 50 5.50. clears 4 8505.10, winter patents 5.6005.85, straights 6,0505.15, clears 4.6004,80. Beef steady; family 180 18 50 Pork •asy; mess 200 20.50. family 30021. Lard easy; city steam 10%®10%, middle YY'est *pot 10.40 bid. Tallow steady; city (In hogsheads) 6%, country (in tierces) 5% @6%. 7 7 NEWS AND GOSSIP, Os the Fleecy Staple NEW YORK, July 23.—1 tis believed that big bulls have liquidated their lines and are taking the bear side for a turn Anticipations are 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: "Texas 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 was done this morning, Mitchell, Free man. E. K. Cone and Parrott were best buyers; selling scattered. Following are 11 a. m. blds: July 12.16, October 12.15, December 12.36, January 12.35. NEYV ORLEANS, July 23.—Hayward & Clark: The weather map shows fair in entire belt, except few cloudy spots in central states and North Carolina. 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 Texas and Oklahoma next 36 hours. The weekly weather report favorable, except Louisiana, Georgia, Mississippi and Oklahoma. Taylor, Texas, says In consequence of recent rains, the San Gabriel river, five miles north of there'is now on a four-foot rise. The New Orleans Times-Democrat’s summa: y: 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 protes . sional element. Observant cotton men, re turning from Texas, bring glowing ac counts of crop conditions in that state, while others, equally pbservant, 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 the situation are paying niore heed to the dry goods reports from the leading markets. According to those reports, the mills seem confident that prices are up to stay 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 lay stress upon the fact that while the crop grown In 1911 was enormously large. It left much to be desired of the way of quality and 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 mills, the foreign spinner having shown rare good Judgment in lay ing in full supplies when the better grades were to be had. Estimated receipts YY’ednesday: 1912. 1911. New Orleans .... 6,000 to 7,000 686 pTHE WEATHER "| CONDITIONS. WASHINGTON, July 23.—The weather will be showery tonight and YY’ednesday in the upper Lake region and tonight or YVednesday in the upper Ohio valley, the lower Lake region, the northern and west ern New York and western New England states. In the Atlantic and east Gulf states and the lower cnio valley gen erally fair weather will prevail. It will be warmer in the lower Lake region and 1 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 and I YY’ednesday. Y’irginia—Fair in the northern and east ern portions and local showers in the southwest portion tonight or YVednesday. , North Carolina —Local showers tonight or Wednesday. South Carolina, Florida, Alabama and ' Mississippi—Generally fair tonight and YY’ednesday. Louisiana—Unsettled, with showers in the east. Arkansas —Unsettled, with showers. Oklahoma and East Texas —Unsettled. West Texas —Unsettled, with showers in the west. DAILYWEATHERREPORT. ATLANTA, GA., Tuesday, July 23. Lowest temperature 74 Highest temperature 88 Mean temperature 81 ■ Normal temperature 78 Rainfall in past 24 hours, inches 0.00 Excess since Ist of month, inches 90 Excess since January 1, inches 17.50 REPORTS FROM VARIOUS STATIONS I ITemperaturelß'fall Stations— Weath. I 7 Max. | 24 _ _ la. m. y'day.lhours. Augusta Clear ; 80 Atlanta Clear .76 88 .... Atlantic City. Clear 64 84 .... Boston Clear [6O 78 .... Buffalo [Cloudy 58 70 .... Charleston ...IPt. cldy. 82 96 .... Chicago [Cloudy 70 72 .... Denver I Pt. clay. 66 84 .02 Des Moines ....Clear 78 86 .... Duluth [Cloudy 54 58 .20 Eastport [Cloudy -54 58 .08 Galveston .... [Clear 82 88 .... ' Helena [Clear 50 72 .38 Houston (Clear 78 ' .08 ' Huron [Clear 76 88 .24 1 Jacksonville ..[Clear 82 I 94 .. . ; Kansas City..[Clear i 80 94 .01 Knoxville .... Cloudy ’ 71 90 .58 Louisville .... [Clear 74 ! 88 .... Macon IClear 80 90 .... Memphis [Clear [ 78 I 90 .... Meridian Clear ! 76 : .56 Mobile Clear I 78 [BB .02 Miami [Clear 84 ' 88 .... Montgomery . Pt. cldy. 78 i 90 .... Moornead .... Pt. cldy. 68 1 84 .06 New Orleans.[Cloudy 80 [ 90 .... New York. .. .[Clear 64 80 .... North Platte. [Clear 74 I 94 .... Oklahoma ....[Clear 76 ! 96 .... Pittsburg ... .[Cloudy 66 ' 78 .... P'tland, OregJCloud.V 60 ! 70 .... San FranciscolCloudy 54 [ 64 .... St. Louis (Clear 80 > 84 .01 St Paul [Raining 68 | 74 1.10 S. Lake City..[Clear [ 60 90 .... Washington ..|Clear ] 6Q I 82 .... C. F. VON HERRMAN, Section Director. GOVERNMENT WEEKLY REPORT ON WEATHER WASHINGTON, July 23. Precipitation occurred generally throughout the cotton region, except that over a large area in southeastern Oklahoma and northern 1 Texas where there was no rain. The precipitation was unevenly distributed, ' but was generail)’ heaviest in southern Louisiana and northern Florida. More than two inches occurred in parts of Texas, Louisiana, Mississippi, Alabama, Georgia. Florida and South Carolina. The greatest weekly amount. 5.60, oc curred at Tallahassee- Fla. Mean tem peratures range<l from nearly normal to 4 degrees below normal over the south eastern portion 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. Elsewhere the mean tem peratures ranged from 1 to 4 degrees above normal, the greatest excess being at Ysheville, N C. Weekly mean tem peratures ranged from 7-1 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, 71 degrees, occurred at Asheville. N, (’,, and the highest, 86, at Del Rio, Texas. COTTON SEED OIL. NEYY’ YORK. July 23 -Carpenter, Bag got A- Co.: The market wan very steady around the opening owing to the firmness In lard, and on buying In the near months 1 by leading refiners, but there Is consider able oil for sale on the hard places and values sagged a little. TRADERS ATTACK WOAI) STOCKS Hammering Forces Several Moderate Declines—Reading Rallies After Drop. By CHARLES W. STORM. NEW YORK, July 23.—Although 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 the recessions that occurred were for the most part gained before tne end of the first fifteen min utes of trading. On the other hand, these issues that opened at an advance gener ally lost their gains in the initial trading. The character of YVashington dispatches giving protf.lnence to the forecasts of the Stanley committee's report was used as an incentive for some selling of Steel common, which was heavy, yielding % to 70% and showing 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 at 83%. but yielded % in the early trans actions. American Issues in the London market were tlrm in tone, but narrow in range. Steel common was under pressure in the late forenoon, declining %. Similar losses were recorded in Reading, 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 and industrial shares, forcing several moderate declines. Reading dropped 1% from the opening to 162% and then rallied to 163. The market closed irregular; govern ments unchanged; other bonds steady. Stock quotations: I | [Last I Clos. Prev STOCKS— [HighlLow.lSale.l Bid. Cl'se Amal. Copper. 83“%) 83 83% 82% 83% Am. Ice Sec 25 25 Am. Sug. Ref 128% 128% Am. Smelting 83 82% 82% 82% 83 Ain. 1/ocomo 42% 42% Am. Car Fdy.. 58 57% 57% 57% 58% Am. Cot. Oil . 53 53 53 52% 52% Am. Woolen 26 26 Anaconda .... 41% 41% 41% 41% 41% Atchison 108% 108 108% 108% 108% A. C. L I 139 139% Amer. Can ... 36% 36% 36% 36 36% do, pref 116% 117% Am. Beet Sug. 73%| 73% 73% 73% 73% Am. T. and T. 145%[145% 145%1145%|145% Am. Agricul ) I 61. ■ 60% Beth. Steel ... 35 [ 35 35 35% 35 b- k t i fi% 9t%; 91%; 9i%; 91% B. and 0 109%j109%|109%|109%|109% Can. Pacific .. 265% 265%)265%|264% 266% Corn Products 15%[ 15% 15% 15 I 15% C. and 0 80%| 80 | 80%: 80 | 80% Consol. Gas ..145 [144%|144%1145 |145% Cen. Leather . 27%| 27 [27 27 27% Colo. F. and I. 31 | 30% 30% 29 31 Colo. South | ....] ....[39 | 39 D. and H I |167 1167 Den. and R. G 19 [l9 Distil. Secur... 32% 32% 32% 31%| 31% Erie 35% 35% 35% 35%[ 3a% do, pref. ..54 54 54 53% 54 Gen. Electric . 82 79% 81 81 80% Goldfield Cons. 4 4 4 3%| 4 G. YVestern | 17 16 G. North., pfd. 137%i 137% 137%|136%[137% G. North. Ore.. 42 42 42 j 42 I 42% Int. Harvester | |l2O 120% 111. Centra! ... 1131 %|131%[131% 1131 130% Interboro [ 20%| 19% 20%[ 20% 20% do, pref. .. 58%) 58% 58% 58% 58% lowa Central . .... 9 13 K. C. South... ....' 24% 24% ■ K. and T. ... ....( 27% 27 1 do, pref. ~ | .... | 60 59 L. Valley . .167 [166% 166% 166% 167% L. and N. . .157% 157% 1.57% 157 157% Mo. Pacific . . 36% 36% 36% 36 [ 36 N. Y. Central 115% 115% 115% 115%[115% Northwest. . 138%|138 I Nat. Lead . .| 59% 59% 58% 58%| 59 N. and W. . . 116%|116% 116% 116%|117 No. Pacific . . 121 %|120%j 120% 120%|121% O. and W.. . . j .... .... I .... 32% 32% Penn [123 % (123% 128% 123% 123% Pacific Mail .) 31%i 31%: 31% 31%[ 31% P. Gas Co. . .115% 115% 115% 115% 116% P. Steel Car .[ | .... 34%) 35% Reading . . . .’164 162%;163 162%:165 Rock Island .[ 34% 34% 24% 24>, 24% do. pfd.. . . 48% 48% 48%[ 48% 48% R. I. and Steel | [....[ 25% 26% do. pfd.. . . | ... ,| 84% 84% S. -Sheffield. .! I . ...| 55 I 55 So. Pacific . . 11.0 |109%|10!)%|109%I110% So. Railway . 29 i 28% 28%| 28%| 29 do. pfd.. . . 77%) 77% 77%[ 77 77% St. Paul. . . . 103%1103 |lO3 [lO3 [103% Tenn. Copper 43%: 43% 43% ( 42%[ 43% Texas Pacific 22%: 22%; 22%| 22 'i 22% Third Avenue 33%| 36%: 36%; 37 ' 36% Union Pacific 168%!167%|167%|167%1168% U. S. Rubber | 53 52%| 52% 52% 56% Utah Copper .[ 62 ' 61%, 61% tii%[ 61% U. S. Steel . . 70%! 69%! 69% 69% 70% do. pfd.. . .[112% L12%|112% 112 112% Y’.-C. Chem. . 49% 49’. ( 49% 49% 49% YV. Union ... .i .... 82% j 82 YVabash ....[.... 4 4 do. pfd.. . . 13%: 13%: 13% 13%i 13% YV. Electric . . 78%) 77%[ 77%[ 77% i 77 Wis. Central I ........ 50 I 52 YV. Maryland .( . ...| . ...| . ...| 58 [SB Total sales, 183,000 shares. ~ METAL MARKET. NEW YORK, July 23.—Dullness was shown in the metal market today. Cop per. spot, 17.25017.50; August. 17.300 17.55; September and October, 17.300 17.60; tin. 43.60043.90; spelter, 7.15®7.30; lead, 4.6004.75. MINING STOCKS. BOSTON, July 23.—Opening: Shannon 17, Ahrpeek 350, Superior and Boston 1%, Butte Superior 42, Fruit 207%, Chino 32, Calumet and Arizona 75%. .. . 1 !—i . U-. - U.. '' Prudent, But Helpful 'THOUGH THE NECESSARY PRE- A cautions are observed in making loans, there is never the least discourtesy or lack of consideration shown to patrons of this old,reliable institution. Instead,the officers are anxious to aid and abet any vorthy cause toward the creation and develop ment of business enterprises in and around Atlanta. With this purpose in view, customers are treated with the greatest courtesy, and their needs met to < the full extent of their balances and re sponsibility. We would like to help YOU. Atlanta National Bank The Oldest National Bank in the Cotton States I, ni~RBY. ABV ATLANTA ’ ~ im~X j| MMMMBHMIBHBIHMBEiSBHHnaKUEBMnaMHBaaMIHMaF M DAT TRADE FEATURES GW Advance Reaches 4 1 -2 Cents. Wheat and Corn Rise Pro portionately. ST. LOUIS CASH QUOTATIONS. YVheat —No. 2 red (new) 101 @102% Corn 72% @ 73 Oats 50 CHICAGO, July 2a. —YVheat opened strong, from % to l%c higher on the va rious options, the latter on July, due tn higher Liverpool cables and wet weather over the Northwest, which will delay har vest. Shorts were heavy buyers, while offerings were light. Corn was % »o %c higher on short cov ering and in sympathy with wheat. Oats advanced % to %c, the latter on July, wet weather Notthwest causing lib eral short covering. Hogs products were strong and 5 to 10c higher, with hogs advanced 5c at tho yards. YY’heat closed today strong in tone and with prices ranging from l%c to 2%c higher Black rust reports, unfavorable weather in Canada and firm cables con tributed to the strength. Short covering, however, boosted prices more than, all the other influences. Corn was l%c to 2%c better at the finish. Complaints so drouth damage from the Southwest and higher cash prices caused the futures to advance Oats were very strong and final prices showed gains ranging from %c to 4%c. YVet weather in the belt, which will in terfere with harvesting, was the main factor. Provisions were irregular. The range was narrow. Pork closed 5c to 7%c high er. and ribs were unchanged to 5c better. CHICAGO GRAIN MARKET. Open. High. Low. Close. Close. Pre** WHEA’T —* 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% 72 68% 71 68% Sept. 64% 66% 64% 66% 63% Dee. 56% 57% 56% 57% 56 May 57% 58% 57% 58% 57%. OATS— July 44% 48% 44% 48% 44 Sept. 33% 34% 33% f'4% 33% Dec. 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% LA.RD— Jly 10.12% 10.57% 10.50 10.50 10.47% Spt 10.62% 10.70 10.62% 10.65 10.57% Oct 10.70 10.70 10.65 10.60 10.65 Fins— Jly 10.37% 10.45 10.35 10.40 10.35 Spt 10.50 10.52% 10.40 10.40 >0.42% Oct 10.45 10.45 10.40 10.45 10.32% LIVERPOOL GRAIN MARKET. YY’heat opened %d lower to %d higher; at 1:30 p. m. was %d 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 YVednesday: YVheat 246 332 Corn 161 103 Oats 138 80 Hogs 10,000 27,000 PRIMARY MOVEMENT. wheat- i I*l2 I ,»~n Receipts ! 1,096,000 1,296,000 Shipments I 620,000 547,070 ' CORN— I Receipts I 421,000 369,000” Shipments I 44,000 702,000 LOCAL STOCKS AND BONDS. Bld. Asked. Atlanta & West Point R. R... 140 145 American Nat. Bank 220 225 Atlantic Coal & Ice common. 100% 101 Atlantic Coal & Ice pfd 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% Hlliyer 'Trust Company 126 ISI Lowrv National Bank 248 250 Realty Trust Company 108 110 Sixth YY’ard Bank 100 110 Southern Ice common 68 70 The Security State Bank.... 115 120 Third National Bank, new... 225 230 Trust Company of Georgia... 225 235 Travelers Bank & Trust C 0... 125 128 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. Ry. & Elec. Co. 5s 102 104 Ga. Ry. & Elec. ref. 5s 100 101 Atlanta Consolidated 5s 102% ... Atlanta City 3%5, 1931 91 92 Atlanta City 4%5, 1921 102% 103% 17