Atlanta Georgian. (Atlanta, Ga.) 1912-1939, August 08, 1912, HOME, Page 17, Image 17

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FACT W GOSSIP IN MONET MOTS Greatest Annual Business Fact in the United States is the Size of Crops. Sy B. C. FORBES. NEW York, Aug. B.—The follow ing article, which can at least be de scribed as timely, is part of a longer one on ■’i'inance” in Hearst’s Maga zine for Xugust. Those of us who frequent the highways of finance be •omf so accustomed to speaking of millions and even billions that we are apt to lose all sense of proportion. 1 have tried to convey some idea of what the annual value of America s crops really means, for merely to mention billions creates only a vague, bewildering feeling What is the lodestar of American ’finance and business? Not politics. Im portant though they are at such times as these. Not a fall or a rise in the cost of living, fundamental as that is. Not heavy exports or light exports, dear monej or cheap money, a gold inflow or a gold out flow. an active iron marker or an in active iron market, advancing security prices or falling security prices, scarcity or abundance of labor not. one of these. * • * "•he greatest annual business fact in the 1 nited Stales is the size of our crops*. "The farmer is more powerful than the financier in making or marring prosperity. 1 speak of this now because investors must be guided in their operations more by what fakes place on the field than on the stump, more by the weather than the mouthings of politicians. Said a financier an international banker of the first order, a director in our principal railroad systems, a power in the industrial world: "Prosperity or depression does not depend upon how ballots are cast on November 5. Capital is prepared for such legislative changes as are likely to be introduced. Give us bounteous harvests, and 1913 will be the best year the country has ever known— except that the railroads, in order to participate, must be treated more considerately in the matter of freight rates." ¥ * * "Booms in securities are not made on the floor of the New York Stock Ex change They are made on the country's fields and in its factories and forests. No one can hope to become—and continue — a successful investor until he grasps the overshadowing importance of watching agricultural conditions. 1 have prepared some contrasts and comparisons between the annual value nf our farm products and other big financial items with which the public are more or less familiar. Some interesting calculations, designed to visualize the enormity of the sum. have also been made. • ♦ • The total value of our farm products this year, allowing for normal growth, should approximate slo,ooo,ooo,ooo—ten billion dollars, or ten thousand millions • • . “Ten billion dollars would cover the whole of Manhattan Island with $2 bills end leave a balance greater than Mr. Rockefeller’s fortune. In acres, the area covered by this carpet of money would be 27.053. equal to a square block of land measuring 58 miles each way. « • * “Ten billion dollars gold would take 30 trains, each of 20 cars loaded to the ex tent of 60.000 pounds per car, to haul it from one point to another. len billion dollars in $5 gold pieces laid alongside one another would stretch round the world, with 1,923 miles to spare, er the chain could go more than eight times across the continent, from New York to San Francisco—to be exact, its length would be 26,830 miles. "Ten billion dollars in $5 gold pieces slacked one above the other would form a monument 9.864 % miles high. Com pared with this the Metropolitan tower, the Singer building, the Woolworth build ing and every other skyscraper in New York placed on top of one another would be a mere pinhead Ten billion dollars would pay off the nation s public debt and leave a balance of almost $9,000,000,000. "Ten billion dollars, if equally distrib uted. would mean fully SIOO for every man. woman and child in the United States. * * w “Need more be said to emphasize how , tremendously, how overwhelmingly im portant the crops are to our national well being" Therefore, if you would keep well informed of how business is likely to fare, of how stocks are likely to move, of how financiers are likely to act, study the government and other trustworthy reports on agricultural conditions from week to week and month to month.” Connect Slaying With N. Y. Gang SAX FRANCISCO. Aug. B.—An un identified man. well dressed, was mur dered here this morning. The killing was not committed with robbery as an object. More than SIOO in gold and a gold watch were found in the man's pockets. According to the police, the murdered man came to the city from New Yoik only a week ago. Several of the detectives are inclined to believe that the murder has some bearing on rhe Rosenthal murder in New York city. Two shots wore fired by the as sassin. who escaped. Both entered the dead man's head. The dead man was about 40 years of age and w ore a fashionably cut brow si suit House Votes Funds For Patent Probe WASHINGTON. Aug. B—The house today unanimously passed the urgent deficiency appropriation bill carrying a special amendment by which the patent office may be investigated by the economy and efficiency commission. The bill appropriates $6,182,000, which is about $5,000,000 less than the amount asked by the government departments for deficiencies occurring during the pi..-..lit year. DEATH LIST IN MINE DISASTER MAY REACH INTO THE HUNDREDS j BERLIN. Aug B.—Fire damp explo . sion which cost heavily in human life 1 occurred in a colliery near .Gerthe to day while 650 miners were at work in i the mine. Up to late this afternoon 131 miners had been accounted for. Os I I this number 28 were dead and all the | others injured. Os the injured 15 were ■ mortally hurt. Fears were expressed [that the death list would go into the ' hundreds. Gerthe is near Dusseldorf. DARROWSCDHES ON COURT ROLE Witness for Prosecution to Impeach Job Harriman Is Barred From Stand. LOS ANGELES. Aug. 8.--Judge Geo. H. Hutton ruled this morning that the testimony of Rev. Edward A. Cantrell. I the Socialist leader and lecturer, can not be introduced by the prosecution in the Darrow trial in impeachment of Job Harriman. Socialist, and former member of the McNamara defense. He held that it was impeachment on a matter collateral to the issue of the guilt or innocence of Clarence Darrow and hence not admissible. Cantrell was ready to testify that Harriman told him that morning after The Times ex plosion that he had known for some lime that preparations were being made to blow up The Times building. Earl Rogers, of Darrow's counsel, ■ after a consultation with his client, said that out of'deference to Harriman. Darrow would waive his rights and withdraw the objection which had just been sustained. Immediately the situ ation was reversed, the prosecution in sisting that since the court had held the testimony of the witness was im material they would not proceed with him. District Attorney Fredericks withdrew the question on which the defense based its objection and there being nothing before the court. Rev. Dr. Cantrell was permitted to leave the i stand. U. S. to Inspect Rockefeller Evidence WASHINGTON, Aug. B.—The evi dence unearthed by John D. Rockefel ler Jr.'s "decoy” house against New York police, politicians and white slav ers is to be examined by the depart ment of justice. Attorney General Wickersham was given the facts in the case today and, it is said, he will order an immediate investigation to deter mine if the law is being violated. Speech Pleases Marshall and Bryan NIAX YORK, Aug. B.—Governor Thomas R. Marshall, of Indiana, Democratic nomi nee for the vice presidency, was a visitor at National Democratic headquarters to day. where he gave out the following statement; "I was greatly pleased with the recep tion accorded Governor Wilson at Seagirt yesterday, when he was formally notified of his nomination, and I was pleased with his thoughtful message on public affairs. I know no reason why all those who de sire the best things for the public should not support Wilson. It seems to me he stands for every good that can be accom plished under our present system of gov ernment.” Governor Marshall will go to Maine dur ing the last two weeks of this month and make a number of campaign speeches there. The following telegram was received at National Democratic headquarters from William J. Bryan in Lincoln: “Governor Wilson s speech of accep tance is admirable. It is original in its treatment of the issues of the campaign. 1 am sure the address impressed the country favorably.” AIR BATHS NEWEST CURE FOR EVERY ILL IN ENGLISH SOCIETY LONDON, Aug. B.—The latest medical craze is somewhat startling, but a cer t tain set which Is always on the look i out for variety has pounced upon it with | avidity. It is the air bath, not the sun bath, and simply consists of exposing the body to the air for an hour each day. This is supposed to have a wonderful ef fect on the ports and to render the air breather immur.o from chills. The first to start the cure was Mrs. Webley, a well known sportswoman and daughter of Colonel MacDonald, who is well known as tlie "champion diner-out." Mrs. Webley sits in her boudoir for one hour each day writing letters in a state of nature. Mrs. Webley plays every thing from polo to croquet. She once convulsed the late king when she came up to receive a prize an Ran lagh, in connection with a gymkhana. Mrs. Webley appeared before the king very disheveled and heated, and in some way her scanty riding Habit had become hitched up and stuck out straight be hind her like an exaggerated rudder. The king turned away at the spectacle and took no pains to conceal his mirth. Lad.v Constance Stewart Richardson is another air bather, and the duchess of M estminster is also credited with being an unostentatious devotee to the new (lit. CAR oTIER FATALLY MANGLED AT WORK IN RAILROAD YARDS I E. L. Boyti. 26 > cars old, 84 South 8011- I levard. a car oiler for the Georgia rail- I road, died this afternoon at the Taber nacle infirmary. He was run over and his hip crushed early today while at his work in the railroad yards. Boyd's wife and son are visiting rela tives near Knoxville. Tenn., and us the dead man was the only one who knew their address, ihe coroner has not been able to notify them of the accident. THE ATLANTA GEORGIAN AND NEWS, THURSDAY, AUGUST 8. 1912. HEAVI SELLING LOWERS COTTON Prospect of Rain in Southern Texas Precipitates Heavy Selling, Causing Decline. NEW YORK. Aug. 8. In line with firm er cables and continental buying in addi- I lion to complaints of excessive moisture j in the eastern belt cotton opened firm and ' active today from 8 to 11 points higher. { Mose of the early buying appeared to be short covering and when the bulk of this demand had been satisfied the market re acted from 6 to 7 points from the early high level. In the late forenoon trading the mar ket was under heavx selling pressure by Europe, the South and the ring crowd. 1 and through this heavy liquidation the j market was sold off from early prices on prospects for rains to prevail in south Texas 'luring the next twenty-four hours. October dropped from 13.27 to 11,97. De cember declined a like amount, with Jan uary losing 24 points. The decline in the most active positions ranged from 24 to 20 points below the opening. No one seemed to want cutton and during the afternoon session the bears firmly main tained the low levels of the day. At the close the market was steady with prices showing a net decline of 15 to 19 points from the final quotations of Wednesday. Warehouse stocks in New York todav 98.942. certificated 90.414 RA NG?W YO-RK FUTURES. 11 itl a i liTTjIT Aug. 11.90 11.90 1.1.84 11.84 11.81-83(11.97-98 Sept. 12.12 12.12 11.81 1 1.83 11.85-87'12.04-06 Get. 12.27J2.28 11.96 1 I .“9 11.99-12 12.16-18 ™v 12.00-01 12.18-20 Dec. 12.32 12.33'12.00 1 2.04 12.04-05 12.23-24 Jan. 12.24 12.27 1 1.97 1 1.99111.98-12 12.16-17 Feb 12.05-08 12.22-24 Meh. 12.36 12.36 12.08 12.11112.10-11 12.26-27 May 12.43 12.45 12,13 12.23 12.18-20:12.33-34 Closed steady. Liverpool cables were due 1 % to 2 points lower: opened quiet at 1% to 2% points advance. At 12:15 p. m. the market was quiet but steady, net unchanged to % point higher on old and 1% to 2 points higher on new crops. ' Spot cotton quiet and unchanged: middling, 7.09: sales, 7,000 sales: American. 6,000; imports. 3.000, all American. I.ater cables reported an advance of 4% points from 12:15. At the close the market was easy with Irregularity in prices, near positions being unchanged to 4 points lower and distant positions were % off to % to 1 point higher than the previous close. RANGE IN LIVERPOOL FUTURES. Futures opened steady. Range. 2 P. M. Close. Prev. Opening. Prev. Aug. . . . 6.8914-6.87 6.89% 6.83 6.87 Aug.-Sept 6.8014-6.79 6.82 '6 76 6 78'1. Sept.-Oct. 6.69 -6.67% 6.73 6.67 6.67* Oct.-Nov. 6.62 -6.63 6.6714 6.61 6.61 Nov.-Dec. 6.58 -6.55'4 6.59'4 6.56 6.5514 Decl-Jan. 6.57 -6.56 6.61 6.5514 6.55 Jan.-Feb. 6.58 -6.5714 6.62 6.56 6.55 Feb.-Meh. 6.59 -6.57'4 6.62'4 6.5614 6.5'6 Meh.-Apr. 6.59 -6.5811 6.63 6.57% 6.57 Apr.-May 6.5914-6.58 6.64 6.58 * 6.57'4 May-June 6.61 -6.60 6.65 6.58 6.53% June-July 6.5814 6.58 Closed easy. HAYWARD & CLARK'S DAILY COTTON LETTER NEW ORLEANS, Aug. 8. — A sudden very Important change occurred in weath er prospects overnight. While yesterday it looked like clearing -weather and rising temperatures for the southern half of Texas, a strong cool wave appeared on the northwestern border of the state over night, giving good prospects for rains and cooler weather over Texas during the next forty-eight hours. Oklahoma bad some big rains; good rains also fell in Arkansas, Louisiana. Mississippi. Ala bama, Tennessee and Georgia, which were needed, according to Tuesday's weekly government report Cloudy, showery weather is indicated for the entire belt, except clearing tomorrow in northwest Texas and Oklahoma. official records show nine stations in Texas wltn an average of .30 and nine sta tions in Oklahoma with an average of .90. Splendid rains throughout Tennessee. Temperature averages for Texas 82. and for Oklahoma 86. Liverpool came in about 8 points better than due on futures, but spots were unchanged. A cotton buyer just back from a trip to south Texas says that in several localities there is a decided scarcity of labor for picking. Gen eral rains now would help the crop grow greatly, but would retard picking and low er the grade. Notwithstanding Liverpool, our market opened only- 2 points higher, remained in a dull waiting attitude for a half hour, and then collapsed on the first sign of support being suspended In New York. October selling from 12.33 to 12.08 in the second hour. RANGE IN NEW ORLEANS FUTURES. i u ►<w ® I 5 I * E 5 [is t U Aug. 1:1.421.2.4212.[3’12.1’3'12.13 '1.2 33 Sept 12.11 '12.37 - "et. 12.33 12.34 12.03 12.03 12.02-03 13.30-31 Nov. 12.02-04 12.30-32 Dec. 12.34 '2.35112.04 1.2.06 12.05-06 12.32-33 ■ lan. (12.37(12.38'12.09:12.09 12.09-10 12.34-35 Feb 12.11-13 12.36-38 Meh. 11.2.45:12.47U‘2.18 12.22:12.21-22(12.44-45 April 12.22-24:12.46-48 May 12.35 12.35_12. 28 12.28|12.80-32|12.54-56 Closed barely steady. SPOT COTTON MARKET Atlanta, nominal; middling 12%. New Orleans, steady: middling 12%. New York, quiet: middling 12.50. Boston, quiet; middling 12.50. Philadelphia, quiet: middling 12.75. Liverpool, easier: middling 7.09 d. Savannah, quiet; middling 12'4. Augusta, quiet: middling 1314. Mobile, steady. Galveston, steady; middling 13c Norfolk, quiet: middling 13'4. Wilmington, nominal. Little Rock, quiet; middling 12% Charleston, nominal. Baltimore, nominal; middling 13c. Memphis, quiet; middling 13c. St. Louis, quiet; middling 13c. Houston, steady; middling 12 15-16. PORT RECEIPTS. The following table shows receipts at the ports today, compared with the same day last year: 1 1912- I 191L ~ New Orleans. . . .1 88 I 87 Galveston ' 435 2,177 Savannah 210 458 Charleston 54 13 Norfolk ( 84 i 140 Total .' ’B7l 1 ” 2.875 INTERIOR MOVEMENT. I 1912 1 IftlL Houston 841 I 47998 Augusta 11l 8 Memphis 99 1 10 St. Louis 109 lift Cincinnati .... 63 Total ' 2,223 ~~~5,135~ BAPTIST MINISTER DIES. DALLAS. GA.. Aug. B.—Rev. J. H. Williams, one of the oldest citizens of Dallas, died here lust night from heart failure following a stroke of paralysis. Fof many years he was worshipful mas ter of tlie Dallas Masonic lodge and was buried with Masonic honors by his lodge at 3 o’clock this afternoon. He was a minister of the Baptist church since early manhood, having served many churches in various parts of the state. NEWS AND GOSSIP Os the Fleecy Staple NEW YORK. Aug. B.—Carpenter, Bag- I go* & Co.: A heavy selling wave pre vailed over the market today on pros- ! pects for rains in south Texas during the ' next twenty-four hours. Gifford. Mitchell, E. K. Cone the best i buyers during the early trading. Spot houses during the forepari of the ( week dumped loads of cotton on the mar ket. It is believed they are considerably oversupplied. Texas a few days ago longed for rains; now rains are so excessive that the cry is “Too muchi" The Journal of Commerce says commis sion houses are buyers of the winter months. Following are 11 a. m. bids: August | 12.04, October 12.13, December 12.18, Jan- ; uary 12.1.: NEW GRLEANS, Aug. 8. Hayward ,<■ Clark: Complete and very important | change in weather prospects overnight. While yesterday It looked like clearing and hot for south Texas, the map today shows every prospect for general rains coming on central and south Texas; also cooler Early weather news shows further good rains in central and north Texas; also in Oklahoma. Arkansas and Geor gia. where government said rain was needed. The New Orleans Tlmes-Democrat's summary says: “There are now two dis tinct reactionary clans. Bears believe the hedge selling on the eve of the market ing season will wipe out another hun dred points or so of the sweeping price gains of the late wdnler, the spring and the early' summer, and support their opin ions by the assertion that there being no sale for much of the early cotton in Texas, the contract market supplies the only outlet, on the other hand, bulls contend that forward sellers are really do ing a good business; that the demand for export freight room is much better than generally' admitted and that the new busi ness already' done for fall delivery, plus the outstanding old contracts which must be filled, aggregates about enough to take care of all the cotton likely to become available prior to January Rain enough has fallen in the northern half of Texas, but there seems to be an important area in the southern half that has not as yet been sufficiently relieved, with less pros pect of rain there than has been. Mean while, Liverpool Is inclined to think tem porary rallies only are in prospect. The South, however, has just about finished marketing a 16,000.000-bale crop at prices ranging 3c to 4c higher than the talent believed possible, and it may prove that the producing South is in a stronger po sition than the consumer and the short seller realize." Estimated receipts Friday: 1912. 1911. New’ Orleans 100 to 150 756 THE WEATHER CONDITIONS. WASHINGTON, Aug. 8. —The indica tions are that the Western disturbances 1 will advance eastward, and be attended by unsettled weather and general rain over practically all districts east of the Mississippi river during the next thirty six hours. Temperatures will not change 1 materially over the eastern half of the , country until Friday. GENERAL FORECAST Following is the forecast until 7 p. m. Friday: Georgia—Local thunderstorms tonight or Friday. Virginia—Showers tonight and Friday. North Carolina and South Carolina Showers tonight and Friday. Alabama and Mississippi—Local thun dershowers tonight or Friday. Florida Showers tonight or Friday, except probably fair in southern portion. Louisiana—Unsettled and showers; light southerly winds cn the coast. Arkansas —Unsettled, with showers. East Texas —Unsettled, with showers in the north. West Texas—’Unsettled, with showers in the north. DAILY WEATHEK REPORT. ATLANTA, GA., Thursday, Aug B. Lowest temperature ' 67 Highest temperature 76 Mean temperature 72 Normal temperature 77 Rainfall in past 24 hours, inches 0.70 Deficiency since Ist of month, inches. 0.65 Excess since January Ist, inches 15.88 REPORTS FROM VAR IO US STAT IO NS. I ITemperaturelß’fall Stations — I Weath. j 7 Max. j 24 I la. m. [y'day,|hours. Augusta ICloudy | 74 1 Atlanta Raining 68 76 .70 'Atlantic City. (Cloudy (72 Boston (Cloudy '6B 72 .... Buffalo Raining 66 82 .12 Charleston .. ,'l’t. cldy. 78 80 ... Chicago Clear 68 70 .04 Denver -Cloudy 54 74 .04 Des Moines ... Cloudy 64 78 .02 Duluth 'Cloudy 54 Eastport -Cloudy 'SO 62 .01 Galveston . ... Pt. cldy. 84 88 .... Helena Clear 46 70 .... Houston (Clear 78 .... Huron Clear 54 80 Jacksonville .. Clear 1 78 90 .42 Kansas City.. Cloudy 1 66 84 2.24 I Knoxville ....ICloudy 70 78 .. . Louisville ... 'Raining 68 72 .32 Macon Cloudy 72 82 .40 Memphis 'Cloudy 74 86 t.lO Meridian Clear 74 1.10 Mobile Pt. cldy. 80 86 - .01. Miami 'Cloudy 84 90 . ... Montgomery .'Cloudy 76 86 .10 Moorhead .... Cloudy 58 80 New Orleans.. Pt. cldy. 82 92 .08 New’ York.... (Clear 68 76 .... North Platte..'Clear ( 52 i 78 .14 Oklahoma .... Raining 66 ( 82 2.14 Palestine .... JPt. cldy. j 76 I 92 .... Pittsburg .... Cloudy 70 1 80 . . P’tland, Oreg.lCloudy 60 | 92 .30 San FranciscolClear 56 76 .... St Louis Pt. cldy.' 70 80 .21 St. Paul .(Cloudy (64 78 ' .18 S. Lake City.. ' 'lear 6” 80 Savannah .... Cloudy 72 | .. | .3$ Washington .Cloudy 66 80 ; . . C. F. Von HERRMANN. Section Director NEW YORK PRODUCE MARKET. NEW YORK. Aug 8 —Wheat firm: Sep tember 1.00%® 1.01. spot No. 2 reel nomi nal in elevator and 1.08% f. o. b. Corn firm: No. 2 in elevator nominal, export No. 2 82% f. o. b., steamer nominal. No. 4 nominal, oats weak; natural white new 370 38. Rye dull: No. 2 nominal f. o b. New York. Barley quiet: malting 704180 c. I. f. Buffalo. Hav Irregular; good to prime 9541 1.35, poor tn fair 800 1.15. Flour active; spring patents $5.25@5.50, straights $4.7505. clears $4.650 4.90, win ter patents $3,154; 5. <O, straights $4.55® 4.75. clears $4.250 4.50. Beef firm; family $18018.50. Pork steady; mess $20(820.75, family $20®21.25. Lard easier, city steam 10'4® 10%. middle West spot 10.60 asked. Tallow steady; city tin hogsheadsl 6% nominal, country (in tierces) 5%®6%. POULTRY, BUTTER AND EGGS. NEW YORK, Aug. 8. Dressed poultry active: turkeys. 14023; chickens. 14025; fowls. 124/20; ducks. 184/18'J. Live poul try irregular; chickens. 184/20; fowls, 16 (asked); turkeys, 14 (asked), roosters, 1014; ducks, 14: geese. 11. Butter weaker; creamer,', specials, 25® 26; creamery extras. state dairy, tubs. 21.Q25; process specials, 241 i. Eggs active; nearby white fancy, 314/. 32; nearby brown fancy. 24®26; extra firsts, 23®25; firsts, 20®21. Cheese firm; white milk specials. 15'44/' 15%; whole milk fancy. 15® 15%; skims, specials. 12%®12'/ 2 ; skims, fine, 10'-® 1114; full skims, 6’h®Bl4. NEW YORK GROCERIES. NEW YORK, Aug. B—Coffee easy: No. 7 Rio spot. 14%. Rice firm; domestic, or dinary to prime, 4'44/5%. Molasses quiet; New Orleans, open kettle. 364/50. Sugar, raw, easy, centrifugal. 4 05; 3.55: molasses sugar, 3.30; refined, quiet: standard granulated, 5.15: cut loaf, 5.90; crushed, 5.80: mold A. 5.45; cubes, 5.35; powdered. 5.20; diamond A. 5.10; confec tioners A. 4.95; No. 1, 4.95; No. 2, 4.90; No 3. 4 85, No 4, 4 8« HMLIIG LOWERS STOCKS Large Interests Readily Absorb All Offerings— Bullish Senti ment. Strong Undertone. By CHARLES W. STORM. NEW YORK, Aug. 8. Activity was the feature of the stock market at the open ing today, and within fifteen minutes after the opening advances of from 1 point to a fraction above tills limit has been reached by a number of issues. Lehigh Valley opened at 172%. a. gain of % over last night's close. Within a short time this gain had been increase/! to 1 % Reading made a similar gain I nion Pacific. Southern Pacific, Great Northern preferred. United States Steel, Consolidated Gas. Westinghouse, North ern Pacific and others were up from 14 to %. American Tobacco was sold heavily and broke 3% points on the movement. Canadian Pacific was % higher. Americans in London were buoyant in tone, being generally attributed there to Governor Wilson's moderate speech in ac cepting the presidential nomination yes terday. This strength was reflected in the opening here. Canadian Pacific was par ticularly strong in London The curb was firm. In the late forenoon price movements were irregular. Fractional losses were recordeii in Great Northern preferred. Steel. St. Paul, Union Pacific and General Electric. The market was irregular in the late afternoon trading. Some Issues receded on protit-taking by room traders, giving them the appearance of weakness. Stock market closed steady; govern ments unchanged; other bonds steady. Stock quotations. „ 1 I ILast|Clos.lPrev STOCKS— IHiKhJLow. SaleJ Bid.i'Tse Amal. Cop|>er.“B.'i% ”82'.. 8214 83% Am. Ice Sec.. 25% 25% 25% 25% 25 Am. Sug. Ref. 127 126% 126'\ 126% 126% Am. Smelting 84% 84 84 83% 83% Am. Locomo... 41% 43%. 43% 13%: 43% Am. Car Fdv.. 59% 59 59 59 59 Am. Cot. Oil .. 54%| 54% 54% 54 : 54 Am. Woolen 26 26 Anaconda .... 41% 41%, 41% 11% 41% Atchison 108% 108% 108% 108% 108'. A. c. L 142% 142% 142'- 112 141% Amer. Can ... 41% 40%, 40% 40% 10% do. pref .. 120% 119% 119% lift 120 Am. Beet Sug. 71% 70%; 70% 69% 70% Am. T. and T. 145% 145’,, 145% 146 145% Am. Agricul I .... 58% 59 Beth. Steel ... 38% 37%( 38 37 ' 38% B. R. T 93% 92% 93 92% 92% B. and 0 108% 107% 107% 107% 107% Can. Pacific . 276% 275% 1276% 276 276% Corn Products 14% 14% C. and 0 81% 80% 80% 80% 81% Consol. Gas .. 146% 146 146% 145% 146 Cen. Leather .. 27% 27% 27% 27% 27% Colo. F. and I.' 30% 30% 30% 30’4 3014 Colo. Southernl 40 40 D. and H | 168% 168% Den. and R. G. 19% 19% 19% 19% 19% Distil. Secur. J 32% 32% 32% 32% 32% Erie 36% 36% 36% 36 " 36% do. pref. .. 54 53% 54 53% 54 Gen. Electric 181 % *lßl% 181% 181 % 181 Goldfield Cons. 3% 3% 3% 3% 3% G. Western ... 17% 17% G. North., pfd.. 143% 142% 143 141% 142% G. North. Ore. 44% 44 44%( 43% 43% Int. Harvester .124'~>123% 123% 123 124 111. Central .. 132% 1.32'. 132'.., 131 % 131 % Interboro 20% 20% 20’, 20% 20% do. pref. . 61%: 60% 60% 60% 60% lowa Central 10 10 K. C. Southern 25% 25% 25% 25% 25 K. and T .. . , 27% 27% do, pref. . . 61 Hl '6l 1 60'*. 60 L. Valley . . 173% 171% 171% 171 *'172% L. and N.. . 1161%(160%|161 'l6l (160% Mo. Pacific . . 37% 37% 37% 37% 37% N. Y. Central :117%!117%[117% 117 111" Northwest. . .1t41%j141%1141%|141 141% Nat. Lead ....... i I 59 (59% N. and W . . 118% 118% 118% 117% 118% No. Pacific . 130% 128% 128/, 128% 129% o. and W.. . . 32% 32%' 32%. 32% 31% Penn 123% 123% 123% 138% 123% Pacific Mall . 33 33 33 32% 33% P. Gas Co.' . . 118%|118 118 117% 117% P. Steel Car .... 36 36 Reading . . . .171 169% 169% 169% 169% Rock Island . 26% 26%' 2(1% 26 i 26 do. pfd.. . . 51%! 51% 51 %l 51 51% R. I. and Steel 28% 28 I 28%: 27% 27% do. pfd ' .... 88 88 S. -Sheffield... .| 56 I 56 So. Pacific . . 112% 112 112 1H%'112% So. Railway . 29% 29% 29% 29% 29% do. pfd.. . . 80%’ 78% 7ft% 791.., 78',, St. Paul. ... 109 108% 108% 108% 108% Tenn. Copper . 42% 42% 42%| 42% 42 Texas Pacific 22% 22% 22% 22 21 Third Avenue .... .... .... 36% 37% Union Pacific |173%(171 % 171 %(171 % 172 s , U. S. Rubber 52 52 52 51% I 51% Utah Copper . 62% 62% 62% 62 62% U. S. Steel . . 72% 71%' 71% 71% 71% do. pfd.. . . 112% 112% 112'4 11'2% 112% V. Chem.. . 48% 48% 48% 48% 48% West. Union .'B2 'B2 82 81% 81% Wabash . . . . 4%: 4% do. pfd.. . .' 14% 14% 14% 14 14 W Electric . 87 'BS 87% 87% 84% Wis. Central . I ... .' '6l |6O W. Maryland .' 58 'SB 58 |SB ! 57% MINING STOCKS. BOSTON. Aug. 8. -Opening. Fruit 194, California and Arizona 76. Chino 34%. Smelters preferred 49%. Nevada Consoli dated 22, Shannon 17%. Giroux 5% METAL MARKET. t NEW OIIK. Aug B.—At the metal ex change trading was quiet Copper spot. Aufgust anil September 16.87%® 17.25; Oc tober, 17.12%® 17.30. Load, 1.45® 4.55; spelter. 6.90® 7.00; tin. 45.15® 45.45. 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 & lee pfd “0 * 92 Atlanta Brewing * Ice C 0... 17(1 .. Atlanta National Bank 335 ( ’ Broad Rlv Gran Corp 25 36 do. pfd 70 72 Central Bank & Trust Corp. ... 147 Exposition Cotton Mills 160 505 Fourth National Bank . .. 265 “70 Futon National Bank 1“’ 131 Ga. Ry. & Flee, stamped. .. 126 127 Ga. Tty. & Power Co. common 28 30 do. Ist pfd 81 85 do. 2d pfd 46 47 Hillyer Trust Company 125 j“7 Lowry National Bank 248 25') Realty Trust Company 100 105 Southern Ice common 68 70 The Security State Bank ... 115 120 I Third National Bank 225 230 Trust Company of Georgia... 225 235 ( Travelers Bank A- Trust C 0... 125 126 BONDS. Atlanta Gas Light Ist 's 102 Broad Rlv Gran Corp Ist 6s 90 95 Georgia State 4%5. 1915, 55.. 100% 101'.. Ga. Ry. & Elec Co .is 102',j 104 Ga. Ry. & Elec. ref. 5s 100 ’ 101 Atlanta Consolidated 5s 102% Atlanta City 3%5. 1913 91 * 92 Atlanta City 4s. 1920. 98 99 Atlanta City 4%5, 1921 102 103 x-Ex-rights. CHICAGO & MILWAUKEE TO BE SOLD BY COURT ORDER MILWAI KEE, WIS . Aug 8 The Wis consin corporation properties of rhe Chi cago and Milwaukee Electric railroad will be sold al public auction at Racine on a date to be set l»y Charles B. Morrison, of Chicago, to satisfy a $10,0000,000 mortgage held by the Western Trust and Savings Company, according to a decree handed down by Judge Geiger in United States district court today. Morrison has been appointed special master to conduct the sale The road has been in the hands of the receiver since January 28. 1908. NATIONAL BANK EXAMINER. MONTGOMERY. ALA . Aug. 8. L. !». Hosmer, state bank examiner, has been appointed national bank examiner for Alabama. Mississippi, and the city of New 1 Orleans, succeeding J. R. Stevens, of Huntsville, who resigned to take the post lof clearing house examiner at New <»r --i loans Mr Hosmer's appointment is es- I fective October 1. ATLANTA MARKETS) EGGS Fresh country candled. 19©20c. | BI TTER—Jersey and creamery, in 1-lb. ( blocks, 20@22%c; fresh country dull, 10® | 12%c pound. DRESSED POULTRY—Drawn, head I and feet on. per pound: Hens. 17®18c; j fries, 25® 27'.*c; roosters. 8®10c; turkeys, | owing to fatness. 18©20c. LIVE POULTRY —Hens, 40@45c; roost ers 25® 35c; fries. 184/25c; broilers, 20® . 25c; puddle ducks, 25® 30c; Pekin ducks, 40©45c; geese 50/i/60c each, turkeys, ow ing to fatness, 14®15c. FRUITS AND PRODUCE. I’ltl IT AND VEGETABLES—Lemons, fancy, $5.50©6c per box; Florida oranges, $34/3.50 per box; bananas, 3©3%c per pound: cabbage. 75®$1 per pound; pea nuts. per pound, fancy Virginia 6%®7c, choice, 5%®6c: beans, round green. "sc® $1 per crate: Florida celery. S2O 2.60 per crate: squash, yellow, per six-basket crates, $101.25; lettuce, fancy. $1.250.1.50, choice $1.2501.50 per crate: bee's, $1.50® 2 per barrel; cucumbers. 75c@$l per crate; new Irish potatoes, per barrel, $2.5003. Ugg plants. $202.50 per crate; pepper. $1.01.25 per crate: tomatoes, fancy, six basket crates $1.5001.75, choice toma toes $1 750 2: pineapples. S2O 2.25 per crate; onions, $101.26 per bushel; sweet potatoes, pumpkin yam. $101.35 per bush el; watermelons. SIOO 15 per hundred; cantaloupes, per crate, $101.25. PROVISION MARKET. (Corrected by White Provision Company.) Cornfield hams. 10 to 12 pounds average. Cornfield hams, 12 to 14 pounds average, 16c. Cornfield skinned hams. 16 to 18 pounds average. 17c. Cornfield picnic hams, 6 to 8 pounds average. 12c. Cornfield breakfast 'bacon. 23c. Grocer style bacon (wide or narrow), 17%c. Cornfield fresh pork sausage (link or bulk) 25-pound buckets, 12c. 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 pails. 10c. Cornfield smoked link sausage in pickle. 50-nound cans, $4 50. Cornfield frankfurters in pickle. 15- pound kits, $l5O. * Cornfield pickled pig's feet, 15-pound kits. sl. Cornfield pure lard (tierce basis). ll%c. Country style pure lard, 50-pound tins only, 11 %c. Compound lard (tierce basis) 9%c. D. S. extra ribs, ll%c. D. S. rib bellies, medium average, 12c. D. S. rib bellies, Ilgh/ average, 12%c. FLOUR AND GRAIN. FLOUR—Postell's Elegant, $7.00; Ome ga, $7.50; Carter's Best $6.50; Gloria (self rising). $6.25; Victory (finest patent). $6; Faultless, finest, $6.2a; Swansdown (high est patent), $6.25; Home Queen (highest patent) $5.65; Puritan (highest patent) $5.65; Sun Rise (half patent) $5; Tulip flour, $4.50; White Cloud (highest patent) $5.50; Diadem (highest patent) $5.50; Farm Bell $5.40; Paragon (highest pat ent) $5.65; White Lily (highest patent) $5.40; White Daisy $5.40; Southern Star $5; Sun Beam $5; Ocean Spray (patent) 'CORN—No. 2 white $1.10; cracked $1.05; yellow $1.03. MEAL—Plain 144-pound sacks 96c; 96- pound sacks 97c; 48-pound sacks 99c: 24- pound sacks $1.01; 12-pound sacks $1.03. OATS—New fancy white, 60c; Red rust proof, clipped. 60c; red rust proof, 58c. COTTON SEED M EAL -Harper, S2B COTTt.iN SEED HULLS —Square sacks. $9.00 per ton. Oat straw, 75c per bale. SEEDS—(Sacked): German millet, $1.65; amber cane seed, $[.55; cane seed, orange. $1.50; Wheat (Tennessee), blue stem. $1.40; red top cane seed, $1.35; rye (Geor gia). $1.35: Appier oats. 85c; red rust p/' oats, 72c: Bert oats, 75c; Texas rust pre. . oats, 70c; winter grazing, 70c; Oklahoma rust proof. 50e; blue seed oats, 50c. HAY—Per hundredweight: Timothy, choice large bales. $1.70; Timothy, choice third bales. $1.60; Timothy No. 1. small bales, $1.40; new alfalfa, choice, $1.65; Timothy No. 2, $1.70; Timothv No. 1 clo ver. mixed. $1.40: clover hay. $1.50: alfal fa hay. choice peagreen. $1.30; alfalfa No. 1. $1.20; alfalfa No 2, $1.25; peavine bay, $1.20; shucks. 70c; wheat straw. 80c; Ber muda hay, SI.OO. FEEDSTUFF. SHORTS—Fancy 75-lb. sacks, $1.90: P. W., 75-lb. sacks. $1.80; Brown. 100-lb. sacks, $1.75; Georgia feed. 751 b. sacks, $1.75; bran, 75-lb. sacks. $1.45; 100-lb. sacks, $1.45; Homcloine, $1.70; Germ meal Homco. $1.45: sugar beet pulp, 100-lb. sacks. $1.50; 75-lb. sacks, $1.56. CHICKEN FEED Beef scraps, 50-lb. sacks. $3.50; 100-lb. sacks, $3.20; Purina scratch. 100-lb. sacks, $2.20; Purina pigeon feed, $2.35; Purina baby chick, $2.30; Pu rina chowder, dozen pound packages, $2.20; Purina chowder, 100-lb. sacks, $2.15; Success baby chick. $2.10; Eggo, $2.15; Victory baby chick, $2.30; Victory scratch, 100-lb. sacks. $2.[5; Superior scratch, $2.10; Chicken Success baby chick, $2.10; wheat, 2-bushel bags, per bushel. $1.40; Rooster chicken feed. 50-lb. sacks, $1.10; oystershell. 80c. GROUND FEED Purina feed, 175-lb sacks. $1.90; Purina molasses feed, $1.85; Arab feed, $1.90; Allneeda feed. $1.85; Sucrene dairy feed, $1.65; Cniversal horse meal. $1.80: velvet. $1.70; Monogram, 100- lb. sacks. $1.70: Victory horse feed. 100- lb. sacks, $1.80; Milko dairy feed, $1.75; No. 2, $1.75; alfalfa molasses meal, $1.75; alfalfa meal, $1.50. GROCERIES. SUGAR —Per pound, standard granu lated, 60c; New York refined. 5%; plan tation. 5%c. <'Or'FEE—Roasted (Arbuckle's). $23.50; AAAA, $14.50 in hulk; in bags and barrels' $21.00: green. 19c. RICE Head. 4%©5%c: fancy head, 5% ®6%c. according to grade. LAUD- Silver leaf. 12%e per pound; Soeo, 9%c per pound; Flake White. 9%e per pound; Cottolene, $7.20 per ease; Snowdrift, $6.50 per case. CHEESE Fancy full cream. 18%c. SARDINES Mustard, $3 per case, one quarter oil. $3. MISCELLANEOUS- Georgia cane syr up, 38c: axle grease. $1.75. soda crackers, 7%c per pound; lemon crackers. 8c: oys ter. 7c: tomatoes (2 pounds), $2 case; (3 pounds), $2.75; navy beans. $3.25; Lima beans, 7%c; shredded biscuit, $3.60; rolled (oats, $3.90 per case; grits (bags), $2.40: I pink sajmon, $4.75 per case; pepper, 18c per pound; It. E. Lee salmon, $7.50: cocoa. 38c: roast beef. $3.80; syrup. 30c per gal lon; Sterling ball potash. $3.30 per case; soap, $1.5004.00 per case; Rumford trek ing powder, $2.50 per case. SALT—Gne hundred pounds, 50c: salt brick (plain), per case, $2.25; salt brick (medicated), per case. $4.85: salt, red rock, per cwt.. $1.00; salt, white, per cwt., 90c; (Iranocrystal, case. 25-lb. sacks, 80c; 50-lb. sacks, 29c; 25-lb sacks, 18c. FISH. FISH —Bream and perch, 6c per pound snapper. 9c per pound; trout, 10c per pound: bluefish, fc per pound; pompano, 15c per pound; mackerel. 11c per pound’ mixed fish, 6c per pound; black bass, 10c per pound; /millet. SB.OO per barrel HARDWARE. PI.OWSTOCKS—HaIman, 95c; Fergu son. $1.05. AXLES $4.75@7.00 per dozen, base. SHOT $2.25 per sack. SHOES -Horse, $4.5004.75 per keg LEAD—Bar. 7%c per pound. NAILS Wire. $2.65 base IRON—Per pound, 3c, base; Swede, 3%c. LIVE STOCK MARKET. <’HI('AGt), Aug. 8. Hogs Receipts 20,- 000. Market 10c lower. Mixed and butch ers $7.35©8.35. good heavy $7.7008.20, rough heavy $7.350 7.65. light $7.7008 35 pigs $6.500 7.80, Hulk $7.600 8.20. Cattle -Receipts 4.500. Market steady. Beeves $6.25010.25. cows ami heifers $2.75 4/8.10. stockers and feeders $4.2507, Tex ans $6.35@8.25. calves $8.50@10. Sheep Receipts 15,000 Market steady. Native and Western $3.250 4.70, lambs $4,650 7.75. COTTON MARKET OPINIONS. Martis H. Rothschild & Co.: With con ditions east of the river also showing improvement, some new incentive must present itself to cause a further advance. Thompson. Towle Co.; Weather con ditions are excellent, but this can change ano the market is in a condition to reflect quickly any favorable influence. Hayden. Stone Co.: The tendency looks to bo toward a somewhat lower level, though after a 1c decline reactions must be expected and short selling should be handled cautiously. SEPTEMBERCORN FEATURES GOIN Entire Cereal List Shows Ad vances on Covering by the Shorts and Small Receipts. ST. LOUIS CASH QUOTATIONS. Wheat—No. 2 red 101%W104 Corn 76 Oats 31 0. 31% CHICAGO,. Aug. B.—Wheal was %o%c higher this morning on smaller north western receipts, and light but fairly general rains throughout this country. The strength at Liverpool was also a help, as Russian offers were firmer. September corn was %c higher early, while the more deferred futures were %c lower The latter were under pressure. i >ats wre %© %<■ better on covering by shorts. Provisions were lower in sympathy with . the decline in hogs at the yards. Wheat ruled firm in tone today and closed with prices about %c higher. Un settled weather In the Northwest inter fered with harvesting operations and heavy rains in the Southwest delaying grain movement were the strengthening factors l''lnal prices were %c below top. Shorts covered freely on the bulge. Corn closed firm in tone, with prices ranging from % to 2c better. There was a good demand from shorts, speculators and shippers. Oats were strong and prices % to 1c higher. Wet weather over most of the shipping territory was the factor. There was general covering of the smaller shorts. Provisions were Irregularly lower. The tone was especially weak for pork. CHICAGO GRAIN MARKET. Prev. open High. Low. Close. Close. WHEAT— Sept. 92% 93% 92% 93% 92% Dec. 92% 93% 92% 93% 92% May 96 97 * 95% 96% 95% CORN- Sept. 66% 68 s , 66% 68% 66'4 Dec. 54% 55% 54% 55 54% May 54% 55% 54% 55 54% OATS Sept. 31% 31% 31 31% 3(1% Dec. 32% 32% 32% 32% 32 May 34% 35 34% 34% 34% P( >RK Spt 17.75 17.82% 1.7.60 17.82% 17.87% Oct 17.82% 17.87% 17.62% 17.80 17.87% Jan 18.30 18.45 18.20 18.27',.. 18.42% LARD- Spt 10.45 10.52% 10.45 10.47 10.47% oct 10.55 10.60 10.55 io 10.55 Jan 10.32% 10.35 10.27% 10.32% 10.35 RIBS— Spt 10.52% 10.60 10.50 10.57% 10.55 Oct 10.57% 10.57% 10.50 10.52% 10.52% Jan 9.72% 9.72% 9.65 9.65 9.70 CHICAGO CASH QUOTATIONS. CHICAGO. Aug. 8. Wheat. No. 2 red, 1.00%®1.03%; No. 3 red. 98%fi1.01%; No. 2 hard winter. 94%@96; No. 3 hard win ter. 92%®94%; No. 1 northern spring. 1.0101.08: No. 2 northern spring, i.oo® 1.06; No. 3 spring, 9301.02. •Corn No. 2. 74%®75; No. 2 white, 76%® 77; No. 2 yellow, 76®76%; No. 3, 73%® 74; No. 3 white. 75%©76; No. 3 yellow, 175075%; No. 4. 70072; No. 4 white, 73% ®74%; No. 4 yellow. 73%@74%. I Gats. No. 2. old. 32%; new, 32%; No. 2 white, new, 33%®35; old. 36037; No. 3 white, new, 32033: No. 4 white, new. 32; Standard, old. 38040; new. 32%©35. CHICAGO CAR LOTS. Following are receipts for Thursday and estimated receipts for Friday: Wheat I 58 143 Corn I 191. 161 Oats ' 270 293 Hogs | 20,000 15,000 PRIMARY MOVEMENT. WHE i ISI2 7 ISII Receipts I 1,518.000 | 1.028.000 ' Shipments I 446,000 I 398,000 CORN— I j ” Receipts | 1.174.000 I 595,000 Shipments | 210,000 I 226,000 LIVERPOOL GRAIN MARKET. Wheat opened unchanged; at 1:30 p. m. Iwa * unchanged closed ',d higher. Corn opened %d to %d higher; at 1:30 p. m. was %d to %d higher. Closed %d to 1 'Ad higher. NEW YORK COFFEE MARKET. Coffee quotatlons: I Opening. | Closing - January 13.00 to 13.03 12.92 © 12.94 February 1.3.00 '12.92® 12.94 March 13.05 112.95012 97 Xpril 13.03013.04 12.97012 99 May 13.040 13.08 12.990 13 01 • lune 13.03013.10 12.98013 00 July 13.02 12.96012.97 August 12.73012.73 September .... 12.900 12.96 12.8101283 October 12.95013.05 12.86012.88 November. . . 13.00013.07 12.88012 89 December. . . ._.l3d)_o 12.89@12.9S closed barely steady. Sales, 47,750 bags. COTTON SEED OIL. Cotton seed oil qnotations: I Opening. I Closing. Spot '.......... | 6.4006.49" August ' 6.4706.49 I 6.4106.47 September .... 6.5006.36 6.4906.50 October 6.55®6.56 : 6.5406.55 November .... 6.2606.30 6.260628 December .... 6.184/6.19 6.1906.20 January . . . 6.1706.20 6.187/6.20 February . . . . J 6.2006.25 ' 6.22@6.24 ('loseil heavs : sales 15.600 barrels. ATLANTA LIVE STOCK MARKET. (By W. H. White, Jr., of the White Pro vision Company.) Quotations based on actual purchases during the current week: Choice to good steers. 1,000 to 1,200, 5.25 @6.50; good steers, 800 to 1.000. 5.0005.75; medium to good steers, 700 to 850, 4.75® 5.75; good to choice beef cows, 800 to 900. 4.2504.75; medium to good beef cows, 700 to 800, 3.7504.25; good to choice heifers, 750 to 850, 4.00® 4. <5; medium to good heifers, 650 to 700. 3.7504.50. The above represent ruling prices on good quality of beet cattle. Inferior grades and dairy types selling lower. Mixed common steers, if fat, 700 to 800, 4.000 4.50; mixed common cows, if fat. 300 to 800, 3.50®4.00; mixed common bunches to fair. 600 to 800, 2.7503.00; good butch er bulls, 3.00@3.75. Prime hogs, 100 to 200 average, 7.500) 7.75; good butcher hogs. 140 to 160, 7.25© 7.40; good butcher pigs, 100 to 140, 6.75® 7.25; light pigs. 80 to 100, 6.000 6.75; heavy tough hogs, 200 to 250, 6.5007 c. Above quotations apply to corn-fed hogs. Mash and peanut fattened hogs, l®l%c and under. Moderate supply of cattle with but few good steers in yards this week. Receipts consisting principally of mixed cows and heifers of the light order, heavy stuff be ing scarce and in best demand. Market is considered strong on the better grades with a tendency to lower values, on me dium and grass stuff. Commission men look for a fair run of cattle for the next few weeks, but present receipts do not indicate that the quality of range stuff Is as yet up to standard. Lambs have not been coming so free ly. quality not so good as earlier in the season. \ few loads of Tennessee lambs were on the market this week, and sold at from % 10 % lower and were considered high for tlie reason of their inferior qual ity. Hog receipts moderate, market steady to % higher on all grades. 17