Newspaper Page Text
24
FACT AND GGSSIP
IN MONEY MARTS
How One Big Wall Street
Firm Has Built Up Its
Business.
By B. C. FORBES.
NEW YORK, July 27. "How can a
young man get on?"
An ambitious youth put this question
yesterday to a notably successful banker
broker. head of an establishment known
throughout this country and not unknown
abroad. The business has been built up
chiefly by half a century of zealous ef
fort by its founder, although he attributes
not a little of his success to the "boys"
he has brought up In his office- He
never engages an outsider for any im
portant position. Every clerk, every
member of the firm—lt Is a very large
organization—began at the bottom of the
ladder with the house, and promotions
have been made strictly on merit. That
this system has proved effective is
shown by the results achieved "When
you get a boy and bring hlrn up your
self you are sure of hfs loyalty; there
are no leaks about your affairs, no Im
parting of confidential Information to ri
vals," this name veteran once remarked
to me
« • •
Rut let us hasten to give the gist of
the prescription for "getting on." Though
It was applied only to his own special
line of business, the prescription, you will
agree, would, with modifications, suit
other fields of endeavor.
• • •
What is the key to success In Wall
Street? I'm afraid you will be disap
pointed by what I tell you. There Is no
royal road to learning, you know Well,
neither Is there a royal road to success
In the financial world. Don’t try short
cuts Avoid them. Ten chances to
one you will land In the wrong place.
You can not find a short cut to climb a
ladder, can you? The only safe way Is
to move up one step at a time. By
watching your movements Intently, by us
ing your head, your hands and your
feet intelligently, you have every chance
of reaching the top without disaster.
...
"If you tried to fly up at breakneck
speed, skipping a few rungs, you would
almost surely tumble down and hurt your
self."
• • •
“Do yon mean, then, that one shouM
<o slowly?”
• • •
“No, a young man should not move
slowly- lazily. He should always be ac
tive, energetic. From the moment he en
ters an office he should exert every abil
ity he can command to earn more than
he is being paid. You have first to show
you are worth a better salary before you
can hope to get It. Tm doing all I'm
paid for’ Is a poor motto. The fellow
who acts on that principle Is likely to
be paid for what he 1s doing, but no
more, with the consequence that he sticks
pretty near the bottom.
■ • •
“Employers who conduct successful,
progressive establishments are always on
the lookout for bright, hard-working, con
scientious young men, the kind who keep
their eyes on their work rather than on
the face of the clock. So, when a youth
demonstrates—and keeps on demonstrat
ing. for that is very Important, since he
may not b» recognized In a day or a week
—that he is worth a better position, he is
certain to get the better position sooner
or later—and probably sooner than later
As he rises he comes more directly under
the notice of his employers, so that his
ujutnces for recognition Increase. If he
demonstrating expanding abil
r.ot fail to be Hdtnme.l
Hhk -
- 'a,.. ... Sfer
* * ' fe
' ’ < ■* ’ is,.
BL
HBl
Bk
JI
ga,
' "< ' K:
? ' v Sy
As
_ I
|~THE WEATHER ~]j
CONDITIONS.
WASHINGTON, July 27. -The weather'
will be unsettled tonight -ind Sunday over
the upper Ijike region, with probably oc- '
easional showers Sunday ..I • where ea -< ,
of the Mississippi rive- fair weather will
prevail Temperature changes will no, be ,
of consequence.
GENERAL FORECAST.
Following is the forecast until 7 p in.
Sunday:
Georga-i- Fair tonight ami Sunday.
V'rg.. ia Fair tonn.ln and Sunday; lit
tle change in temperature
North Carolina and South Carolina—
Fair tonight and Sunday.
Florida Ijocal showers tonight or Sun
day; except fair in northwest portion
Alabama and Mississippi- Generally fair
tonight and Sunday.
Louisiana, Arkansas, Oklahoma and
Texas—Generally fair.
WE! N GKffi
CDUELMIPPED
State Prison Board Probes
Cowhiding by Deputy War
den in Muscogee Camp.
COLUMBUS, GA, July 27.—For the
second time 1n two months members of
the Georgia prison commission have
been summoned to Muscogee county to
Investigate alleged whipping of pris
oners at the Wynnton convict camp in
Muscogee county.
The first visit was made by Captain
Wiley Williams and Judge T. E. Pat
terson, who came down, but nothing
was revealed to cause unusual com
ment. This week Captain Williams was
again requested to come to the county
to Investigate the severe whipping ad
ministered to two negro women by
Deputy Warden Lee. That Investiga
tion Is now on.
The story told hy one of the county
officials is that Deputy Warden Lee
gave the negro women unmerciful
whippings, and then, In order to heal
their wounds, applied a strong lini
ment, which only aggravated the In
juries they had received.
The deputy warden did not report his
action to the road engineer, Julian
Lane, nor to County Physician Crosby,
to whom such reports must be submit
ted. Dr. Crosby went to the camp on
his regular rounds and found that the
women had been given a severe whip
ping and immediately requested Cap
tain Williams to come to the county
and Institute an Investigation.
The county commissioners have taken
the matter up and have notified Deputy
Warden Lee that he must hand In his
resignation or they will discharge him ,
from the service of the county.
-1
OROZCO TO EXECUTE
FEDERAL PRISONERS;
WAR JUST BEGINNING <
i
EL PASO. TEXAS. July 27.—The
suspension of constitutional guarantee ,
by the Mexican federal government will 1
be met by the rebels with the execu- J
tion of all federal prisoners. This was t
the statement of leaders of the revolu- ’
tlonary movement hero today. The t
suspension of the guarantees, they as- 1
serled, was merely a pretext to permit J
federal troops to murder rebel prison- 1
erg and they would retaliate in kind. | c
General Arozco, who Is still In Jan- <
rez, asserts that the war Is just begin
nlng. and that It will be pushed with i
renewed vigor. 1
The seeming federal victories, he says,
wore a part of his plan of campaign.
He retreated northward to draw off the
federate and permit other operations by ’
other rebel leaders In central Mexico. t
<
submerged by the large firm or corpora - , 1
tion. Therefore It is preferable to throw j j
in allegiance with a strong, enterprising
concern and force recognition In it. The I
highest places are open to the right kind •
of men. But as the competition is In
ktense, the effort necessary for success Is
k” the greater. The aspirant for suc
must not Indulge in pleasures or
at his desk ever) morning with a
and a steady nerve
.
te ns ’ have sn
.’’j., ..id a i• ■ ■ ■
\Td it Is
K
yPeace
YOU
iderable money seek
sical rest: but you
ect pf’aee of mind if
bles about with you
kv dollars.
Bl ver. jewelry and
»'er you go. or
d. wlii’ii.
gKmlii put them in
Boxes, where
fb'e mill blll'H
kii a i'i ymir
Knd Bank
THE ATLANTA GEORGIAN AND NEWS. SATURDAY, JUT.Y 27. 1912.
COTTON HOES
THIRTEEN CENTS
Reports of Deterioration of
Crop Send Staple Higher.
Shorts Cover Holdings.
NEW YORK, July 27. -New high rec
ords for the movement were established
[at the opening of the cotton market
j today, prices advancing from 7 to 14
; joints and October touching 12.83. Il was
I a weather market, reflecting hot, dry
I conditions in Texc... Assertions wire
j made that .be crop there is deteriorating
and in urgbiit need ~f rain. In the east
i ern belt con litlcns were better, but the
t trade inclined to legard the Texas situa-
I tion as critical. The weather map today
. showed very little indication of moisture
i in the western belt over Sunday,
j Deterioration reports from Texas say
I the excessive temperatures Is causing
I considerable shedding and the droutli is
I becoming more serious than ever. These
reports caused an exciting scene among
the traders on the floor shortly after the
call. Shorts and commission houses made
a mad rush to cover, trading heavily upon
October and December. These two op
tions made a continuous advance, car
rying prices to the highest levels of the
year, October advancing from 12.86 cto
13.07 c witbout a pause, with December ad
vancing to 13.0 S with only 1 point lead
over October. The July option made the
largest gain of the list, going to 12.88 c,
an advance of 36 points over the previous
close.
At the close the market was firm, with
prices showing net gains throughout the
list from 31 to 36 points from the final
quotations of Friday.
RANG EOF _NEW_YO R K_FU T U RE S.__
£ « | 5..1- S if
I » = S V r - u r
I O Is. U Jre I U £ O
July .12.60T2.88 12.60 1F87“12.87-88 72.51-52
Aug. 12.60 12.86 1.2.60 12.85 12.85-86 12.52-54
Sept. 12.67 12.1)2 12.63 12.92 12 95-96 12.60-62
' let. 12.80 13.07.12.80 13.07 12.04-07 12.72-73
Nov. 1.2 ,8 12.‘>0 12.78’12.90 12.99-01 12.66-68
Dec. 12.86 13.08 12.82 13.08 13.06-08 12.74-75
Jan. 12.85 13.05 12 82:13.05’13.03-05 12.71-72
Feb. 12.89 1 2 .89,1 2.89 12.89 1.3.07-09 12.73-75
Meh. 12.91 13.15 12.92i13.14 13.14-16 12.83-85
M:i> 13.02 13.25 13.02 1 3.25 1.3.22-23 12.90-91
Closed firm.
Liverpool cables were 'inchanged to 1%
points higher opened firm 4 to 5 points
higher, closed quiet but steady 5 to 8
points higher on old positions and 4% to
»% points higher on new crops, spots 13
points higher, middling, 7.44
RANGE IN LIVERPOOL FUTURES.
Futures opened steady.
Opening Previous
Range Close. Close
Ju1y7.19 -7.18% 7.20% 7.12%
July-Aug7.l6 -7.16% 7.19 7.11%
Aug.-Sept. . . . 7.09 -7.1.2 7.11 7.01%
Sept.-Oct. . . . 6.98 -7.01 6.99% 6.94%
Oct.-Nov. . . . 6.90%-6.90 6.92 6.88%
Nov.-Dec. . . . 6.86 ’-6.85% 6.87 6.81%
Dec.-Jan. . . . 6.84%-6.88 6.86 6.80%
Jan.-Feb. . . . 6.85 -6.84 6.86 6.81
Feb.-Meh. . . . 6.86%-6.86 6.86% 6.81%
Meh.-Apr. . . . 6.86 -6.85 6.87 6.82%
Apr.-May . . . 6.87% 6.87% 6.82
May-June . . . 6.89%-6.86% 6.88% 6.83
Closed quiet but steady.
HAYWARD & CLARK’S
DAILY COTTON LETTER,
NEW ORLEANS, July 27. The sudden
jump In prices in the last hour was caused
by late orders from New York, probably
In anticipation of the reports.
The map shows fair weather over the
entire belt, except partly cloudy In ex
treme northwest Texas, with .1.2 inch pre
cipitation at Amarillo. Otherwise no rain
is shown except .42 at Monroe, La. Tem
peratures over the eastern states. Arkan
sas and Tennessee, are somewhat lower
and more favorable. Indications point to
continued fair weather, except increasing
cloudiness by Sunday night in the cen
tral states.
Our market opened around last night’s I
close, but as soon as the government fore
cast appeared and predicted fair weather
in the western states over Sunday general I
buying developed and carried new crop !
prices over 13c, October selling to 13.24 c I
and holding the gain well with hardly any j
give way.
The marl t Is in a nervous state, owing I
to private $ formation reporting the crop’
in the w<c- | 11 states in a critical stage
dependent for immediate relief on general
rains. Weather developments over Sun
day will, therefore, have a decided bearing
on trade views and on the markets.
Should there be no rain In Texas and
Oklahoma during the next forty-eight
hours and no prospects for rain appear by
Monday, the strength of bullish sentiment
mav be felt decidedly.
RANGE IN NEW ORLEANS FUTURES.
5 « » ls-2 I ? »?
- C S I kJ*
0 : u | U £0
Jiilv 13.72 13.72 13.72 13.72 13.88 13.57
Aug. 13.19 13.75 13.19 13.35,13.49 13.18
Sept. 13 IS 13.39 13.1 Sl3 38’13 32-34 13.07
< let. 12.97 13.25 12 95 13.20 13.1 9-20 1 2.94-95
N0v’13.19-20 12.94-95
Dee '12.97;13.24112.94;13.19'1.3.19-20:12.94-95
Jun 13.00 13.29'12.9S 13.24 13.23-24 12.99-13
Feb 13.27-29113.03-04
Meh 13.09 13,38:13.09'13.29 13.33-34 13.08
Apr 18.38-40 18.15-1«
MtO 13 31 13 21 13.33 13.44-45118.21-22
Closed firm.
SPOT COTTON MARKET.
Atlanta, nominal; middling 13c.
New Orleans, steady: middling 13%,
Now York, e, .-«dy; middling 13.25.
I’hlladelphla. steady: middling 13.50,
Boston, steady: middling 13.25.
Liverpool, steady: middling 7.31 d.
Savannah, quiet and steady; middling
13-%.
\ugusta. quiet; middling 13%.
Mobile, steady.
Galveston, firm: middling 13%.
Norfolk, firm; middling 13%.
\\ niington, nominal.
Little Rock, quiet, middling 12%.
t’barleston, nominal.
Baltimore, nominal; middling 13%,
Memphis, steady; middlingll l ,.
St. Louis, steady: middling 13c.
Houston, steady: middling 13c.
PORT RECEIPTS.
The following table shows receipts at
the ports today compared with the same j
<!ay last year:
I 1~9~f27~ ~j 191 f
New Orleans. ... 263 | 122
Galvestonl 248 504
Mobile 14 1
Savannah' 113 57
Norfolkl 125 2
Boston .... 100
IN TER lOR MOVE MEN T.
' JL91 2. _ I 1911.
Houston 1 35 442
Augusta 1 300 ....
Memphis :17 29
St. Louisl 150 1 25
Cincinnati ... . .213 ' ....
Total 625 4’.~
PARALYSIS CAUSES DEATH.
ANNISTON ALA.. July 27. Clark Mor-|
gan. conntv eomismsioner of Calhoun |
county, was stricken with paralysis today!
and died at nis hoe at White Plains. He
a.I- a Confederate veteran and a success
ful farmer.
CORRAL 13 BLIND TIGERS.
ANNISTON. ALA. July 27 Local of
ficers corralled thirteen blind tigers in this
city today, confiscating large quantities of
liquor and beet Tin y wil lie tried by the
recorder Monday morning at a special
session of the police court
READ FOR PROFIT
GEORGIAN WANT ADS
USE FOR RESULTS
iBJILW ISSUES
MOST IN DEMAND
Stock Market Closes the Week
With Irregular Tendency To
ward Bullish Sentiment.
By CHARLES W. STORM.
YORK, July 27.—A demand for
Ureat Northern preferred made that stock
the < nly feature for some time after the
Stock market opened today. This buying
caused the stock to move up % to 140%,
i and was Billowed by an advance of % in
Northern Pacific. The recent strength In
the Hill stocks Is said to be due almost
wholly to buying through houses closely
affiliated with James J. Hill, and the idea
prevails in Wai! Street that there is
; something back of olt more <tan the fa
vorable outlook for the spring wheat crop.
Price changes in other issues were lim
: , ited to small fractions. United States
: Steel comon and Amalgamtaed Coppper
■ were up % at the end of fifteen minutes'
: , trading, while Atchison, Baltimore and
i Ohio and Erie showed losses of the same
■ trifling amount. Union Pacific was off '
General Electric started % lower at 182
with only one transaction recorded in the
first quarter hour. «
Americans In London were narrow but
1 a firm tone prevailed.
The curb market opened steady.
The market closed irregular; govern
ments unchanged; other bonds dull, but
steady.
' Stock quotations:
I I (Last I Clos.'Prev
STOCKS— IHigh Low. Sale.l Bid.JCl’se
Amal. Copper.. 82% 82% 82% 82% 82"%
Am. Ice Sec.. 27% 26% 27 .... 26%
Am. Sug. Ref126%,1126%
Am. Smelting 83% 83% 83% 83 83
Ain. Locomo 42% ! 42%
Am. Car Fdy 58 I 58
Am. Cot. Oil 52%: 52%
Am. Woolen 26 26
: I Anaconda .... 41% 41% 41% 41% 41%
I Atchison 1108% 108% 108%!108% -08%
A. C. L. 140% 140% 1140% 140%:140%
; Amer. Can .... 36% 36%
do, pref. .. 1116% 116%
, Am. Beet Sug.:l 72 72%
Am. T. and T. !145% 145%
Am. Agricul. . ! 60 60
Beth. Steel ... I 35% 35%
B. R. TI 91% 91% 91% | 91% 91%
B. and 0109% 109%, 109% 109% 109%
Can. Pacific .. 265% 265 >265%1265% 265%
Corn Products 14% 14'%
C. and 0 80% 80%
Consol. Gas[l44% 144%
Cen. Leather 1 26% 26%
Colo. F. and I' 30% 30
Colo. Southern [4O 40
D. and H 168% 168% 168’1'167% 167%
Den. and R. GI : 18% 18%
Distil. Secur' [32 32%
Erie 35%’ 35% 35% 45% 35%
do, pref. ..[ .. ..[ .. ..I ....[ 53 52%
Gen. Electric 183 181% 181%.183% 182%
Goldfield Cons.: 4 i 4 j 4 3% 3%
G. Western .. I | 17 17
G. North., pfd. 140%[140%!140% 140% 140%
G. North. Ore 43%' 43%! 43%! 43 43
Int. Harvester [l2O 120 120 [119% 120
111. Central .. .1133 132 133 132 132%
Interbora [ 20% 20%[ 20% j2O 20%
do, •’pref. ' 58% 58%' 58%' 58% 58%
lowa Central .[ I ■•■•I 9 9
K. C. Southern!: .... 24% 24%
K. and T 27% 27% 27% 27% 27
do, pref. .. I | .... |6O 60
L. Valley. . .167% 167%167% 167 167%
L. and N.. . .158 :158 158 |157%'158
| Mo. Pacific . .[ .... .... ....I 36% I 36
N. Y. Central .... .... .... 115% 115%
Northwest.. . 1139% 139% 139%;139 139%
Nat. Lead. 58% 58%
N. and W. . . 117%!1U 117% 117 116%
No. Pacific . . |123% 123% 123 123 123%
O. and W.. . . 32 32%
Pennl23% 123%
Pacific Mail .1 31% 31 %
P. Gas Co. . . 115% 116
P. Steel Car 35% 35%
Reading. . . .'164% 164% 164% 164% 164%
Rock Island [ 24% 24%
do. pfd 48%1 48
R. I. and Steel 26%: 26
do. pfd 84% 84%
S. ' 54 54
So. Pacific . . 110% 110 'llO% 110 109%
ISo Railway .29 29 i 29 28% 28%
do. pfd .... .... 27 27
| St. Paul. . . . 103% 103% 103% 103% 103%
I Tenn. Copper| .... 42% 42>-J
| Texas Pacific .... 21% 21%
Third Avenue .... 36% 37
| Union Pacific 168% 168% 168%!168% 169
U. S. Rubber . 52% 52%| 52%| 52% 52
, Utah Copper . 61%, 61% 61% 61% 61%
U. S. Steel . . 70% 69%! 70%! 70 70%
do. pfd.. . . 112% 112%1112% 112 112
V. Chem 49% 49
W. Union . . 82% 81% 81% 81% 82
Wabash 41 41
do. pfd.. . . 13% 13% 13% 13% 13%
W. Electric . . 80% 80 80% 79% 80%
Wte. Central 50 50
W Maryland[s9 58
Total sales, 57,800 shares.
NEW YORK BANK STATEMENT.
NEW YORK. July 27.—The weekly
statement of the New York Associated
Banks s’ <>ws the following changes:
Average statement:
Excess cash reserve $18,801,800; Increase
$5,142,650.
Loans increase $2,779,000.
Specie Increase $5,473,800,
Legal tenders decrease $356,000.
Not deposits increase $4,645,000.
Circulation decrease $203,000.
Actual statement:
Loans increase $6,879,000.
Specie increase $3,108,000.
Legal tenders decrease $228,000.
Net deposits increase $7,722,000.
Reserve increase $72,700.
LOCAL STOCKS AND BONOS.
Bid. Asked.
Atlanta West Point R. R... 140 145
American Nat. Rank 220 225
Atlantic Coal & Ice common. 100% 101
Atlantic Coal & Ice pfd 90 92%
Atlanta Brewing * Ice C 0... 175
Atlanta National Bank 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. Ry. & 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 Watd 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... 125 126
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. Ry. & Elec. Co. 5s 102 104
Ga Ry. & Elec. ref. 5s 100 101
Atlanta Consolidated 5s 102%
Allanta City 3%5, 1931 91 92
Atlanta City 4%5, 1921 102% 103%
BUTTER. POULTRY AND EGGS.
NEW YORK. July 27. —Dressed poultry
dull: turkevs 13 b 23. chickens 185127, fowls
12',; 20. ducks 18(1118%.
Live poultry weaker; chickens 18(ti21,
fowls I.''',., turkeys 14 asked, roosters 10%
1 asked, ducks 14 asked, geese 11 asked.
I Butter quiet: creamery specials 26026%.
[creamer) extras 27027%, state dairy
! 1 tubs 1 21%<ii2t’>, process specials 25 asked.
Eggs unsettled; nearby white fancy 28
it2o. nearby brown fancy 24025, extra
firsts 23P24. firsts 18%<<G9%.
Cheese topheavy: whole milk specials
15%'<115%. whole milk fancy 15015%.
skims specials 12' t 'u 12%. skims tine 10%
e11',.-, full skims 6%',.’5%.
COTTON SEED OIL.
Cotton seed oil quotations:
: Opening. J Closing.
Spot[ I 6.50 0 6.75
July* 6.30 0 6.70 6.500 6.70
August 6.470 6,48 1 6.53'0 6.54
September' 6 64'116.6.7 6.67f'/6.6R
< letobor 6.67116.68 6.6iG/6.71
Nov • über6.37o 638 684■/ 636
December6.2BVK 29 6 2906 30
Jari .i > C. 27 //6.2!* t; 2S ./6 ,1u
> - 100 barrels. I
rNEWS AND GOSSIP
Os the Fleecy Staple
1—
I NEW YORK, July 27.—Carpenter Bag
got & Co.—The Journal of Commerce re
ports cn the condition of North Carolina,
South Carolina and Florida as following:
North Carolina—The cotton crop is very
spotted. Some fields are looking tine;
others below the average. Owing to ex-
■ cessive rains, cotton has grown too much
' to weed and is poorly fruited and the
grass rather heavy. But conditions have
been very favorable for stiff lands and
prospects have greatly improved in the
past ten days. There are practically no
insects. Labor is scarce in some sections,
but with recent favorable weather cult!- '
vation is proceeding satisfactorily. The
season is about two weeks backward.
Several points deterioration mav be look
ed for from last month's condition of 86.
[ South Carolina—Continuous rains have
: caused the weed to become large and sap
' py at the expense of fruitaage, and the
; crop has not been properly worked. Some
. cotton has been drowned out in the low- |
' lands and grass is general.
1 Army worms have appeared in many
sections and are doing considerable dam
age. Reports thus far received indicate
• considerable deterioration from last
1 month's condition of 83. The season is
three weeks late, and picking Is expected
to begin about September 15.
Florida—Heavy rains have made the
[ prospects very poor, but the plant’is be
: ginning to recover some from these ef
fects.
1 Dallas, Texas, wires: "Texas weather:
1 The Panhandle generally cloudy; light
t showers at Clarendon, southern and east-
• ern portion of Panhandle; heavy showers
1 at Amarillo.”
New York Commercial says: Spinners
are believed to have bought on an enor
mous scale.
Journal of Commerce says: Continued
hot weather is a dominant feature in cot
’ ton.
Riordan big seller on call. Selling more
genera! than buying; buying scattered.
Following Is the statistical position of
, cotton on Friday, July 26, as made up by
■ The New York Financial Chronicle:
I This I Last I Last
1 Week, ' Week. I Year.
Vis. supply ,| 2.695,235 2,824,655 1,858.1115
American . . 1,868.116: 1,889,655; 937,116
In sight, w'k 60.556 54,545 41.517
Since Sept. 1’15,219,154 15,158.608’11,701,980
Port stocks . 256,508 266,330 154.578
Port receipts 12,478’ 11,670 7,990
Exports . . . 14,431 27,715 14.660
Int. receipts 8,565 7,932 5,926
In. shipments 18,268[ 13,937
Int. stocks. ■’ 110,503 120,20696,276
NEW ORLEANS, July 27.—Hayward &
Clark: Map fair entire belt, except part
ly cloudy extreme northwest Texas. No
rain, except .12 at Amarillo, Texas; .42 at
Jackson, Miss. Temperatures somewhat
lower in eastern states and Arkansas and
Tennessee. Indications are for generally
fair belt, cooler Atlantics.
The New Orleans market after New
York close yesterday advanced 8 to 9
points on reports of high temperatures in
Texas, Oklahoma and lower Mississippi
valley. .Shorts reported heavv buyers.
December contracts changed hands up to
12.81 in New York.
Our traveling man wires from Fort
Worth, Texas, reported caterpillars ap
peared in south Texas. Drought becoming
more serious. Much shedding reported.
Reliable advice says that present market
inducing spot hedge sales. They appear
ing satisfied with existing prices.
New York wires: “Texas reports cotton
shedding badly."
M'CULLOUGH BROTHERS’
FRUIT AND PRODUCE LETTER
The fruit and produce business through
out this section is and has been for sev
eral weeks practically at a standstill.
The local truckers have monopolized the
field to a very large extent, which Is cus
tomary at this season of the year.
The prospects for a fall business are verv
flattering, indeed.
Fruit and vegetable crap throughout the
producing sections are reported of good
yield and superior quality, both of which
Is necessary in order to produce the best
results.
Peaches have been plentiful and cheap
during the week, but in our opinion there
will be a decided faltng off in in the sup
ply from now on, which should result in
a more active demand and better values.
The watermelon market has also been
badly congested, but at present It Is
cleaning up with good prospects.
Cantaloupes of good quality are in light
suply at paying prices.
A fair demand prevails for pineapples,
while oranges arc slow sale with some de
pression In values.
Bananas for the past week have been In
small demand, and no changes of conse
quence in prices.
There was no decided change in eggs
during the week.
Both live and dresed poultry plenti
ful and cheap.
Some reaction noticeable in Irish pota
toes. New crop sweet potatoes coming in
to the market in limited supply.
LIVE STOCK MARKET.
CHICAGO, July 27.—Hogs-—Receipts 10,-
000. Market steady to 5c higher. Mixed
and butchers, $7.55@8.50; good heavv,
$7.80®8.20; rough heavy, $7.50@7.75; light
$7.8508.45; pigs, $6.75®7.85; bulk, $7.80©
8.20.
Cattle—Receipts 100. Market steadv
Beeves, $6.25@9.75; cows and heifers, s2.7i>
08.15; stockers and feeders. $4 304/6 no-
Texans, calves, $8.75010 00
Sheep -Receipts 5.000. Market steady
Native and Western, $3.2504.90; lambs,
$4.75@7.70.
NEW YORK GROCERIES.
NEW YORK, July 27. -Coffee barely
steady; No. 7 Rio spot 14%0?14% Rice
firm; domestic ordinary to prime 4%0 5%
Molasses steady; New Orleans open'kettle
360 50. Sugar, raw quiet; centrifugal 4.05,
muscovado 3.55, molasses sugar 330 re
fined quiet; standard granulated 5.15' cut
loaf 5.90, crushed 5.80, mold A 5.45, cubes
5.35, powdered 5.20. diamond A 5.15, con
fectioners A 4.95, No. 1 4.95, No. 2 4 90
No. 3 4.85, No. 4 4.80.
ESTABLISHED 1861
Lowry National Bank
Now Occupy Their Remodelled Quarters
The officers and directors of this bank extend a cor
' dial invitation to their friends, patrons and the public
generally to inspect our remodelled banking rooms.
We are confident you will appreciate our increased
and efficient service.
Capital .... $1,000,000.00
Surplus 1,000,000.00
Undivided Profits . 200,000.00
Lowry National Bank
Designated Depository of the United States, County of Fulton and City of Atlanta.
T WEEKLY COTTON STATISTICS. 5
-Fd-'J**’—;-*J*-»**i”***i’4"i**s"«-"*--c*c [
Secretary Hester's New Orleans cotton I
exchange statement of the movement of [
cotton shows an increase in the move
ment into sight compared with the seven
days last year in round numbers 14,000
bales.’a decrease under the same days
year before last of 28.000 and a decrease
under the same time in 1909 of 12.000.
For the 26 days of July the totals show
an increase over last year of 43,000, a de
crease under the same period year before
last of 48,000 and a decrease under the
same time in 1909 of 43,000.
For the 330 days of the season that
have elapsed the aggregate is ahead of
the 330 days of last year 3,614,000, ahead
of the same days year before last 5,028,-
000 and ahead of 1909 by 1,822,000.
The amount brought into sight during
the past week has been 28,158 bales,
against 13.980 for the seven days ending
this date last year, 56,306 year before last
and 40,509 same time In 1909, and for the
26 days of July it has been 98,447, against
55,314 last year, 146,321 year before last
and 141,758 same time in 1909.
I The movement since September 1 shows
receipts at all United States ports 11,840,-
110, against 8.543,444 last year, 7,309,570
year before last and 9,930.052 same time
In 1909. Overland across the Mississippi,
Ohio and Potomac rivers to Northern mills
and Canada 980,816, against 932.458 last
year, 822,254 year before last and 1.214,-
059 same time in 1909; interior stocks in
excess of those held at the close of the
commercial year 19,221, against 26,645
last year and a decrease of 5.745 year be
fore last and a decrease of 952 under the
same time in 1909; Southern mill takings
2,476.000. against 2,201,038 last year, 2,-
162,286 year before last and 2,351,412 same
time in 1909.
These make the total movement for the
330 days of the season from September 1
to date 15,316,147, against 11,702,585 last
year, 10.288,365 year before last and 13,-
494,571 same time in 1909.
Foreign exports for the week have been
11,723, against 8,912 last year, making the
total that far for the season 10,336,588,
against 7,405,486 last year, an Increase of
2,931,102.
Northern mill takings and Canada dur
ing the past seven days show an increase
of 5,539 as compared with the correspond
ing period last year, and their total tak
ings since September 1 have Increased
313,250. The total takings of American
mills. North, South and Canada, thus far
for the season have been 4,907,038, against
4.316,536 last year. These include 2.383,-
576 by Northern spinners, against 2,070,-
326.
Stocks at the seaboard and the 29 lead
ing Southern interior centers have de
creased during the week 22.423 bales,
against a decrease during the correspond
ing period last season of 17,975 and are
now 122,861 larger than at this date in
1911.
Including stocks left over at ports and
interior towns from the last crop and the
number of bales brought into sight thus
far from the new crop, the supply to date
is 15,603,121, against 11,950,547 for the
same period last year.
The statements of weekly movement
are now discontinued for the rest of the
season.
World's Visible Supply.
Secretary Hester’s statement of the
world’s visible supply of cotton, made up
from special cable and telegraphic ad
vices, compares the figures of this week
with last week, last year and the year
before. It shows a decrease for the week
just closed of 180,543, against a decrease
of 111,798 last year and a decrease of 51,-
140 year before last.
The total visible is 2,645,744. against 2,-
828.787 last -week, 1,846,970 last year and
1,915,580 year before last. Os this the to
tal of American cotton is 1,741,244, against
1.880.787 last week, 914.970 last year and
1,022,580 year before last, and of all other
kinds, including Egypt, Brazil, India, etc.,
907.000, against 948,000 last week, 932,000
last year and 893,000 year before last.
The total world’s visible supply of cot
ton as above shows a decrease compared
with last week of 180.543, an Increase
compared with last year of 801,274 and an
ircrease cojnpared with year before last
Os 732,664.
Os the world’s visible supply of cotton
as above there Is now afloat and held In
Great Britain and continental Europe 1,-
676,000, against 1,047,000 last year and
954,000 year before last; in Egypt 64,000,
against 76,000 last year and 58,000 year
before last; in India 555,000, against 478,-
000 last year and 565,000 year before last;
and in the United States 353,000, against
226,000 last year and 339,000 year before
last.
World’s Spinners' Takings.
Secretary Hester gives the taking of
American cotton by spinners throughout
the world as follows, in round numbers:
This week 168,000 this year, against 104,-
000 last year, 79,000 year before last.
Total since September 1, this year, 14,-
367,000, against 11,570,000 last year, 10,-
737,000 the year before.
Os this Northern spinners and Canada
took 2,384,000 bales this year, against 2,-
071,000 last year, and 2,054,000 the year
before: Southern spinners 2,523,000,
against 2,246.000 last year, and 2,240,000
the year before; and foreign spinners 9,-
460.000. against 7,258,000 last year, and
6,443,000 the year before.
NEW YORK COFFEE MARKET.
Coffee quotations:
I Opening. : Closing.
January!13.29013.45'13.350'13.36
February[13.35013.45113.31 013.33
March[l3.so ’13.43013.44
Apri113.48@13.55;13.45013.46
May 13.52 [13.47013.49
June 13.50013.53 13.47013.49
Ju1y’13.03013.04
August[l3.osol3.o7
September 13.180 13.24 13.150 13.16
October. 13.20 0 13.32 13.200 13.21
N0vember13.25@13.75[13.26® 13.27
December 13.36 13.33013.34
Closed quiet. Sales, 23,000 bags.
FIRE AT NARRAGANSETT PIER.
NARRAGANSETT PIER, R. 1., July
27.—The little casino and seven cot
tages are afire here.
BUCK RUST Tfti
STffIESJHtn
Other Cereals Irregular at the
Close—Cables Strong and
Weather Favorable.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red (new) .. i<jl . -n-.,
Corn " -q
Oats [ '
CHICAGO, July 27.—Wheat 1 «
and %o%c higher on the strong/,'. r fl , rrn
erpool cables, export sales of . ' '
bushels wheat yesterday and ov.! '„■!?
buying orders induced by rep.-rts . f ’ ""
rust, but eased off sharply later ;
Corn was weak and %©% c 'i o , v< . r
general selling induced by the favor-.t?,"
weather. ’.l, t
July oats were very weak and after
opening %c lower sold down to 43Y ,
under the previous day’s close j,,'- ...
futures were % to %c lower ‘'-/■e.t
Provisions were 2% to 7%c higher in
sympathy with hogs. r ,n
The tone in wheat ruled firmer duri ne
most of todays session on G.„dv .
cables and fears of black rust -n ,
United States and Canada. F, al t ■
showed net declines of % to %<-'..n
tember and December. 1-16 on Mav"v
July closed showing a net gain . r : 1
Corn closed %to %c better, ’j ,[ , r
ket was heavy during most of > ,
but rallied toward the close or
hy commission houses, added to ret
of damage in Oklahoma and Toxas
Oats lacked strength and final".
showed net losse on July of ?%<■ v 1 ,
the deferred futures closed % to Lc %
er. The July option rallied toward 'hn
close from a bad break.
Provisions lost part of the earlv bui E9
on selling by longs and finished uncha: ~i
to 0 points higher.
CHICAGO GRArN MARKET.
Open. High. Low. Close. Closg
WHEAT- Pre ’’
July 97% 98% 96% 931 <) 6 :
Sept. 94% 94% 93% 93%
Dec. 96% 96% 95& 95% ’
May 1.00% 1.00% 99% 1.00 1.00
CORN—
July 71% 72 70% 71% 71
Sept. 65% 65% 64% 64%
Dec. 56% 56% 56 56% T
May 57% 57% 57 57%
oats— 8 < 4
July 46 46 42% 44% 4fi%
Sept. 33 33% 32% 33 ‘
Dec. 34 If 34% 34 34% 34%
May 36% 36% 36 36 1 4 .
PORK—
Jly 18.10 18.10 18.10 18.10 18 02’4
Spt 18.25 18.40 18.22% 18.27% IS ’0 '
Dec 18.37% 18.45 18.32% 18.35 ’IS 25
LARD—
Jly 10.70 10.70 10.70 10.70 10.62%
Spt 10.80 10.80 10.75 10.85 10 75
Dec 10.87% 10.87% 10.80 10.85 10. sf,
BIBS—
Jly 10.57% 10.57% 10.57% 10.57% 10.75
Spt 10.65 10.65 10.62% 10.62% 10.’’2’.,
Dec 10.60 10.60 10.57% 10.60 " 10.57%
CHICAGO CASH QUOTATIONS.
CHICAGO, July 27.—Wheat—No. 2 rd
98@1.02, No. 8 red 96@1.00, No 2 hard
winter 97%01.00, No. 3 hard winter O'-
098, No. 1 Northern spring 1.0601 12. V
2 Northern spring 1.0401.09, No. 3 spring
98 01.07.
Corn —No. 2 73@73%, No. 2 white 76®
76%, No. 2 yellow 74074%, No. 3 72072%,
No. 3 white 75 0 75%, No. 3 yellow 72%'a
73%, No. 4 70 0 70%, No. 4 white 73% u
74, No. 4 yellow 71 0 72.
Oats —No. 2 new 43, No. 2 white old 50.
new 48 0 50, No. 3 white old 460'48, new 15
@46, No. 4 white old 43046. standard 1
50%.
LIVERPOOL GRAIN MARKET
Wheat closed %d higher on July to % I
higher on December.
Corn closed unchanged.
CHICAGO CAR LOTS.
Following are receipts for Saturday and
estimated receipts for Monday-
I Saturday.. Monday.
Wheat 34 1
Corn 142 i
Oats 117 86
Hogs 10.000 I 35.00"
PRIMARY MOVEMENT.
WHEAT— I HI? I 'T'- ~
Receipts 1,564.000
Shipments 614,000 1 544.0" fl
CORN— I I
Receipts.l 356.000 460,0 d
Shipmentsl 300,000 -41.0" Q
NEW YORK PRODUCE MARKET
NEW YORK. July 27.—Wheat :’ ’
July. 1.O1%01.O1%; spot, No. 2 red [;•
In elevator, and 1.09% f. o. b. Corn du
No. 2, In elevator, nominal; export 5".
80. f. o. b.; steamer, nominal: No. 4, nom
inal. Oats easy; natural white, 61 ahi.
w’hfte clipperl, 63065. Rye dull; No.
nominal, f. o. b. New York. Barley du <■
malting, nominal, c. 1. f. Buffalo !-■_
easy; good to prime, 90@1.35; poor to fa’.,
8001.15. Flour unsettled; spring patent".
5.250 5.40; straights, 4.9505.20; elear>
4.7505.00; winter patents, 5-60"--
straights. 4.9005.00; clears, 4.00at,'
Beef firm; family, 18.00018.00 . 1 ;
steady; mess, 20.00 '1l 20.75; family. '
21.25.' Lard firm; city steam, 10% it’"'' ;
middle west spot, 1.05 (bW- %%),■
quiet; city, In hogsheads, 6% (ask" ),
country, in tierces. 5%@6%.