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FACT m GOSSIP IN MONEY MARTS Why Is It There Are More Lawyers in Congress Than Other Professions? By B. C. FORBES. NEW YORK. Aug. 14. -America is ’awyer-ridden. 'The be-all and end-all. the Alpha and Omega of government is not to grind out laws b\ the thousands, hut t«» foster the happiness and welfare of the governed. It is an old and accepted maxim that that country is best governed which is least governed. In a republic n a democracy laws should be as few and simple as possible, not as many and hs intricate as legal ingenuity ran con trive. Think of 35.000 thirty-five thousand laws being passed during one session! ■ • • 1 have looked up the records, and I find thai lawyers have constituted from 6.'» to 70 per cent of our congressmen dur ing quite a number of years, 'fake the fiftieth congress. It was composed of 263 law vers. 69 business men. 27 agricultural people and 42 others. In other words, of every 100 members. 65 were legal gentle men. 17 men of business,-7 agriculturists and 11 followers of various other tasks or professions. In the Fifty-sixth session no fewer than 299 members were lawyers —6B out of every 100—while agriculture could claim only 5 and business 20. ♦ * ♦ The business of government should be placed a little—a great deal- more in the hands of business men. men of practical experience in the actual affairs rather than the theories of life. We are a busi ness nation, a people of achievement in the workshop, in the field, in the‘ factory, in the counting house, in the laboratory. Why not entrust our government to grad uates of these stern schools rather than to students of legal tomes? * ♦ ♦ Let us be honest, however. Let us ad mit that business men are partly, if not chiefly, to blame for their sparse repre sentation in the halls of our solons. Men of large affairs have too often in the past looked down upon politics. They have regarded polities as a game to be played. rot honestly, honorably and above-board, but by stealth, by subter fuge. by corruption. Unfortunately, too n-an.x politicians did play dishonestly, did ray more attention to their own purses than to principles, and did drag law-mak ing into the mire. But also unfortunate lv men of big business were by no means blameless, for not infrequently they were parties to bribery, to underhandedness to erooked dealings They used politi cians as pawns. They sought favors and •were willing to pay for them. “Yellow dogs abounded in the subcellars of leg islatures - fed from high sources often times. (See the Standard Oil letter? printed month by month in Hearst’s Mag azine. > • • • Happily. the kennels have been thinned to some extent. It is no longer considered proper to feed Yellow’ Ilogs. The rail roads for the most part have stopped it. Standard Oil, having been “dissolved,’ max riot find occasion to spend so much for legal or illegal—-services. Yellow Hogs, it has been demonstrated, are apt to be pulled from the darkness of their subterranean kennels and placed in the limelight. I ■ * ♦ Politics is becoming more respectable. This being so, max we not hope that hereafter business, agriculture, education and other lines of activity will contribute a larger quota of legislators7 » ♦ < Lawyers have not proved a success at making laws The laws of the United States form the most jumbled-up. compli cated. contradictory, impracticable, sense less mess to be found in any nation on earth. We pass more silly acts in one year than any other country passes in a generation. Some of our statutes are not even meant to be. enforced. Others are intended to please a passing whim and are promptly forgotten The most dis cussed American law today is the Sher man anti-trust act. For some two decades It was left in peaceful repose, its pro visions utterly neglected and everywhere violated with impunity. Then it was re discovered brought from its pigeonhole and made to do duty, although just what duties i» ought to do could not be deter mined by the courts, the final interpre tation being a hopelessly divided one. » • • If the next two or three sessions of congress. Federal and state, were devoted, not to making more laws, but to making bonfires nf most of the old ones, and con solidating, classifx ing and remodeling the sensible and necessary ones, the country would be much better off. It is criminal to pass statutes that can not possibly be enforced, for thereby the innocent are made lawbreakers. * * Instead of 70 lawyers in everx 100 leg- Going Abroad? VOT WILL SAVE 'TIME. AVOID -*• delays, have your money always safe. and. practically enjoy the many benefits of having a bank account in evei’y country in which yon may travel, if yon carry with you a Letter of Credit or Travelers’Cheque. Il will enable you to know exactly the relative worth of your money in foreign countries, and en able you to keep an accurate account of your expenditures. And yet the cost is \ erv small. A mere nothing compared will) the innu merable benefits they afford. We will be glad to have you come in and talk the matter ov-er with us. Atlanta National Bank The Oldest National Bank in the Cotton States. - DARBY ADV . ATLANTA ' ' ’ ~ Sam Jones Tabernacle Rebaptized FACTIONS HEAL BREACH CARTERSVILLE. GA.. Aug. 14.—1 n the closing hours of one of the most re- I markable series of rcligioils revivals I ever know n in Georgia, the famous I Sam Jones tabernacle, which for five years had been closed, was “rebaptized to evangelism" after what threatened to be a serious factional breach be tween the churches and the tabernacle workers was healed and 2.000 persons voted to raise the fund necessary to perpetuate the annual tabernacle revi vals. with Bob Jones as their evange list. >'n Sunday the final meetings of the twelve days Revival which has been held here by Bob Jones and Rev. Dr Mun hall, of Philadelphia brought this to a head When tlte Alabama evangelist came to Cartersville to open the tabernacle, which itad been closed to evangelists since Rev. Walt Holcomb's famous faux pas and police court experience five years ago. he found that <'artersville was very much divided as to the ex pediency of his evangelistic propagan da. Two well known clergymen were openly frowning and a great many pat ' ishiomis declared that the regular I churches and ministers were ample to take care of the religious situation in < 'artersville. Jones and Dr. Munhall went along preaching three times a day. They drew 1 good audiences, and undoubtedly arous- i Cotton Bill Up j ’ • To Taft to Sign • 9 _ • WASHINGTON. Aug 14. -The • • senate toduv passed the cotton bill • • as it came from the house, by a • • vote of 36 to 19. This proposes • • reduction of about 40 per coni in • • the present schedules. • • • POLICE TO SID IT : MANLY'S FUNERAL i Men Who Were Under the Former Chief Will Act as His Pallbearers. i ' I The body of Captain W. P. Manly, former chief of police, who died at Grady hospital last night, will be borne i to the grave at Oakland cemetery to r morrow by men who once received or -1 ders from him. Members of the police department will act as pall bearers. They will take charge of. the eask'et ’during the funeral exercises at 10 o'clock in Greenberg A- Bond's chapel i and will cs.ort it to the cemetery. 1 Captain Manly wa« a retired officer when he died. He was one of the first to derive benefits from the city ordi nance providing pensions for superan- l nuated members of the department. He retired last November and lived with ’ his family at Austell. For four years he was chief of police t in Atlanta. In 1901 he was retired. He i continued in the service and recently ‘ was wagofi jrfficer. and at the end of ' his connection with the department had served 35 years. s Captain Manly was an Odd Fellow and a Mason. He is survived by his . widow, a son and a sister. Mrs. Jennie . A. Wiley, all of Austell. » , The best Want Ad days in The Geor gian are Monday. Tuesday, Wednesday, Thursday. Friday, Saturday Try them ALL. The results will surprise you. ’ islators. let us strive to have 70 non-law yers, men drawn from the soil, from the , mill, from the store, from the factory, from the bank, from the mine, from the I railroad, from the playhouse, from the , school, from the publishing house, from , the church, from, in short, every sphere of our many-sided national life. And in stead of 35,000 laws per session, give us nearer fifty or five 1 E ATLANTA GEORGIAN AND NEWS. WEDNESDAY. AUGUST 14. 1912. ed deep religious fervor. Nevertheless. ; the situation among the religious peo ple in the city remained tense. On Wednesday, however, the revival ists received a striking accession in Rev. J. M. Long, pastor of the First Baptist church, w ho, at one of the ( meetings, publicly approved the evan gelistic work. Sunday morning and afternoon the I great edifice was crowded to its capac ity. More than 2,00 b people from every part of north Georgia attended. At-i lanta sent a delegation of more than a hundred. The great grove fringing the ( tabernacle was crowded with convey ances of the rural folks. At the end of the sermon Rev Georfce F. Brown took the pulpit, sta tioned ushers at the exits, and called I for a personal collection for the evan- ! gelists. He was aided by W. D. i'p shaw. of Atlanta. editor of The Golden j Age. who called upon the congregation | to join in "techristening" the taber-! nacle. Mrs. Sam Jon’es led the sub- j scriptions with $25. Others chimed in j with sums of $2 to $25. so that more j than SSOO had been collected before the, ushers began passing the hats. The great audience —including all the pastors—arose to vote aye to the prop osition of inviting Rob Jones and Dr. Munhall back next year. It is said that the $5,000 necessary to finance next year's meeting has been, in large part, already pledged woolbillvote PLEASES WILSON • Function of Politics Is to Pro mote Justice and Right. He Tells Church Party. SEAGIRT, N. J.. Aug 14.-Governor | Wilson today heartily commended the | Democratic house of representatives I for passing the LaFollette-Underwood I wool bill over the veto of President! Taft. When his opinion on that action | was asked, he said: "I am heartily in favor of the wool j bill. I’think the action of the house | was entirely justifiable. I suppose the I bill has little chance in the senate." To a Sunday school delegation of | about 100 from Allentow n. Pa., who vis- ] ited him today. Governor Wilson told I 'the Pennsylvanians how kindly he felt | toward them for their slate's support in ; the Baltimore convention in the face of I strong opposition. "And yet those are the things which I am ready to forget." he continued, “because there is no longer a division of opinion among delegates nor a division of feeling, and 1 am beginning to hope I there Is no longer a division of opinion I among Americans as to what they want I Tltey want the state, by which I mean I the entire Union of states, to lend it- | seif to the service of humanity. In one I sense the function of politics is the i same function that you represent, it it I the function of doing whatever legis I lation can do to see that justice and righteousness prevail on the earth. Tbs disappointing thing to evert generation is that it can make so little progress toward that goal, that idea, but we ought not let ourselves free from the obligation because it is hard to fulfill." NEW YORK CQFFEE MARKET. Coffee, quota tion s: •Open!ng. I Closing- 1 •lanuarvl'.:. 62ft. 12.64 12.58® 12.60 Februaryl2.6oftl2.64 12.63ft1J.65 March 12.68 12.65 ft 12.66 i April 12.67 ft 12.68 I May. ... 12.68 I •lune 12.65 ft 12.70 12.65<a 12.67 I July 12.65 ft 12.70 12.61 ft 12.62 ' Augustl2.3s Septemberl2.4s© 12.55 October 12 50® 12.60 12 56© 12 57 November. . . . 1 ::.55ft 1: .60 12.51 ft 12 53 Decembet 12.55© 12 !: 54© 12 57 Closed steady. Sales. 102,510 bags. 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 1.20a. 5.75 ©6.75: good steers 600 u. ’ non 5.25ft:5.7:i: medium to good steers. 700 to 350. 4.75 ft 5.25: good to choice beef cows. SOO tn :0(t. | 4.50®4.75: medium to good beef cows 700 i i• to 800. 3 75© 4.25: good to choice heifers. 1750 to 850. I.ooft 4 75. medium to good heifers. 650 to 750. 3.75 ft t. 50. The above represent riding prices on good quality of beef cattle Inferior grades and dairy types selling lower. Mixeti common steers, if fat. 700 to 800. I t.OOft 4. mixed common t ows, if fat 600 j to 800. 3.50 ft 4.00: mixed common bunches ! I to fair, 600 to 800. 2.75ft3.50; good butch- I er hulls. 3.00© 3 15 Prime hogs. 160 to 200 average, 7.75© 8.25: good butcher Imgs. I to to 160, 7.50 ft ; 8.00; good butcher pigs. 100 to 140. 7.00 ft 7.50. light pigs. 80 to ion. 6.5041 7.0 o: luavv: rough bogs. 200 to 250. 7.00 ft 7.50 Above quotations apply to corn-fed, hogs Masli ami peanut fattened hogs Iftl’-e lower. I Good run of medium cattle in vard this! week, although the supply of sir.i tlv g<. d beef is short. Several mixed loads of Tennessee cattle were among the arrivals first of week. A few-good steers were! selected from these oars and brought the fop prices for this week Grass cattle are coming more plentiful 1 from local points; qualitv not \>q up to ' standard. owing to heart rainfall this season the grass has contained too mu< h ■■ moisture and grazing cattle arc not fat Marker is considered strong to higher on better grades and about sttadx on medium stuff Light and common^» at th i are slow sale at under quotation of a week ago. Lamb market about steadv. supply normal and quality continues fair!' good Hog receipts moderate; market' strong and higher. it's like getting money fr in home sot it's money easily made nv reading using an.l answering the Want Ads in Tlte I Georgian Few people realize the mart' lopportunit.es offered them among tlte | small ads It's a good sign that if the peo ple did not get results from the Want \.is of The Georgian that there would not b< Iso inant of then. If. for nothing else - t I down anti ct.euk off the ads that appeal .> j ou. You will be astonished bow mat "f : them mean mnner to you The Want .'<l: pages a,c bargain counters In overs lice ; Ti e a<l- are so onvcnlentls arranged tiiat they an be picked out very easy. i SOUTHERN MILLS ACTIVE IN COTTON Textile Interests Among Best Buyers—Covering by Shorts Causes Good Advance. Nl-.\\ VORK, Aug 14. Firm cables caused the cotton market today to open! unchanged to 2 points better than Tues | day’s .-losing prices. After (he call (he market xveakened on favorable weather* i conditifins. which caused an unloading moxeinent by longs, and prices had a ten- . j den-. \ to sag lower Most active post- | tions declined aggregate of B to u points ; frojn the early prices. Shorts covering during the late fore -1 noon and afternoon trailing gave the mar i Let a steady lone, and prices quickly de- \ eloped an upward movement and the [entire earl\ decline was soon gained. The | December option displayed the most i strength. This option rose from 11.28 to | 11.5 X. October and January followed the 1 [advance moderated Some Southern mills [were reported to have put in their ap-I ' pea rance and were among the best buy - i ; ers throughout the day's trading Hutton & Go. issued their monthly re 1 port today at noon on the condition of I ’ ing crop, placing their figures | lat against 78.5 last month, showing! a decline in eondittona of 08 per cent. 1 At the close the market was steady.! with prices showing a net adva.nce of 17 to 20 points over the 1 final quotations of Tuesday. RA L G E O F NEW YOR K FUTURES. H fill I 9 - J"* j 11.36-38111.19-21 •Sept. 11.12 11.12 11.12 11.12 11 36-38 11.19-21 Oct 11.37 11.53 11.20 I 1.52 1 1.52-53 1 1.35-36 j .Xov II , n 6 1 1.56 II .56 11.56 11.54-56 1 I 37-311 < '.'c I 1 ■•'l9 1 1.61 11.23 II .60 11.5 U-60 11.3 H-42 ! I lan. 11.35 11.57 1 1.18 1 1.54 11.53-54 11.33-35 ' 11.59-61 11 tn- 13 I Meh. 11. Hi 1 1.65 11.33 11.65 11.65-66 I I 47-18 I May 11.58 11.75 11 t 5 11.75 11.73-75 11.56-57 Closed steady. Liverpool cables were due 101sffil2Vs points higher. Opened firm at lift tit points advance At 12:15 p. m. the mar ket was steady at a net advance of 14® 16 taunts. Spot cotton quiet at 10 points ad vance; middling 7.02. sales 5.000 bales, in cluding 4,000 American. At the close the market was steady with prices a net gain of sft points over the final figures of Tuesday."' RANGE IN LIVERPOOL FUTURES. Futures opened firm. Range 2 P. M. Close. Prev. opening Prev. I Aug. . 6.48 -6.50 6.51 6 42' 2 6.36 ■ Aug.-Sept 6.39 -6.42'.. 644 635 ’ 6.27'.. Sept.-Oct. 6.26 -6.30 ’ 6.31 6.22> 2 6.17'i ■Del.-Nov. 6.22 -6.25'0 6.26'j 6.17 1 -. 6.10> 2 I Not -Dec. 6.17‘ 2 -6.20> 2 6.21 6.12 6.05 , Dec.-Jan. 6,1. -6.18'2 6.191, 6.12 6.06 ■ Jan.-Feb. 6.18 -6.21 “ 6.21'-j 6 12' 2 Feb.-Meh. 6.1.8 -6.21 (j. 6.22b 2 6.13', 'Meh.-Apt 6.20 -6.22‘» 6.23 * 6.14'... 6.08'.. . Apr.-May 6.21 ' 2 -6.23U 6 2.5 6.15' 2 'May-.lune 6.23 -6.22 6.25* 2 6.16', I June-.lnly 6.22 -6.23’, 2 6.16 I Closed steady. I HAYWARD & CLARK’S DAILY COTTON LETTER I NEW ('RLKANS. Aug. 14. 'The English I market fully met the recovery on our side [ and. according to the above cable, ap | pears ready for further recovery in case i crop news should become unfavorable. Weather developments ox’er night were, however, distinctly favorable. Tempera tures are normal throughout the belt ami the map shows some precipitation in extreme west Texas ami .on at Galveston, also some precipitation in North Carolina where moisture is needed. Indications are for unsettled, rainx weather coining in Texas and Oklahoma, partly cloudy; pos- I sibly some isolated showers elsewhere, I followed by generally unsettled, showery I by Friday night ; In regard to the market the first effect of ra ns in west and south Texas would probably Ire sentimentally bearish, as it i would relieve the long expectation of rain there, but the second effect would be bull I ish. as rains would interfere with picking land the movement and the trade depends 1 i on south Texas for its August cotton. Furthermore, a wet spell in the central, am! eastern states would .not he welcomed outside of North Carolina and might lead , to insect complaints or damage and might i give rise to the idea of delay in crop! movement. The market has. therefore, mm h to consider in regard to weather. ’The market opened with unchanged fig-| ures dropped about 12 points on the g<»v- ; eminent forecast of showery weather in west Texas, but soon recovered There was a better feeling and good buying on dips probably coming front trade sources. RANGE IN NEW ORLEANS FUTURES. « i at tI; c |i * r - r. - - i f_Lz - _ ' Aug. '''ll.Bß 11.63 i Septll 76 11.52 <>ct. 1 1.16 11.73 11.35 11.70 1 1.70-71 11 46- 17' i Nox-1 1.70-72 11.46-47 I Dec 11. *8 11.74 11.35 11.71*11.71-72 1 1.46-17 i lai ' i :•• ’ ' 77 ” 39 11.74’11 74 75;11 49-50 Feb 11 76-78 1 I 51-53. Meh 11.60 11.87 11.51 1 1.86 11.85-86 11.59-60! \pr ... . .... 1 1.88-90 11.61-63 : M ' ' 62 . i ~[4. ;o Closed firm. SPOT COTTON MARKET. Atlanta, nominal; middling '2’ L , New Orleans, steady; middling 11 13-16. New York, quiet, middling 12c Boston, quiet; middling 12<-. Philadelphia, quiet: middling 12.15 Liverpool, firm; middling 6.72 d Augusta, quiet. middling 12 1 1 Savannah, steady, middling 11L. Mobile, nominal. Galveston, quiet; middling 12 3 x. Norfolk, steadx ; middling 12*4 Wilmington, nominal. Little Rock, steadx : middling I2’fc. Charleston, nominal Baltimore, nominal: middling 12%. . Memphis. <iuiot; middling 12c, St. Louis, dull; middling 12 l : , I Houston, steady, middling 12< i Louisville, firm; middling 13c . COTTON MARKET OPINIONS. Bailex A- Monypimery. • 'The situation I is such that a conservative policy should i be adopted in following the market, cither ! in an upxvard or further downward direr- j lion.” Logan A- Bryan. “It is well to consider ■ the oversold condition of the market and the uncertaintx that yet attends a lat»- croo 1h fore selling cottone at inis level.” 1 Miller A- Co.; •Purchases made on weak '.spots is the tight thing to do." Morris 11. Rothschild A- ’ '<- “We think ! i a goo<l demand xx ill be found slightly I above 11 < ents." PORT RECEIPTS. ’The following table shows receipts at • ihe ports to<iay, compared xx ith the same . . i 1912. ‘ J I91l.”2 rleans . . . 734 Galveston. ... 2.805 7.594 Mobile 11 Savannah 415 963 Charleston Norfolk .... 377 5 I Boston 70 Total 1.013 9,341 INTERIOR MOVEMENT. . 1912 ' r 1911 Houston . . '.87? . ■ Augusta 12!* 1 1 Memphis 65 301 St Louis ... 171 233 ; < ’inefnna ti... 227 2 t * Total 5,4*1 3.951 | METAL MARKET. MAI Y'IKK. Aug 14 Tlie mPtal px |i> xx as fair!' .olive Coppet spot io *»< toiler 7 :’»'»/1 7 5l». speiter. 6.'Jofd 7.00, I!• I I"''*/ 1.60 tin, 4 ’i.’Cq 160 STOCK MARKET I DN HIGH EEIEL Steel and Industrial Issues Show Added Strength-- Fa vorable Crop Outlook. By CHARLES W. STORM. NLW YORK. Xug 14 Canadian Pa- (■‘ifir. with a: oivance of 2 points, showed , the greatest amount ,?f gain at tne open ing of the stock market at the opening i today, although strength pervaded the , entire list and a number of issues rose sharply Nearly all the price changes during the first fifteen minutes were toward higher levels xxith some issues selling at the highest figures of the present movement. Persistent buying of the Dries xxas again in evidence, the common selling at .against 37’ H at the close last night and the preferred show ing a gain of ■’•g upon | the first sale Cana<lian Pacific's strength [ [was chiefly <iue to a bull movement in' that issue in London. Good buying was • noted here also in Reading and Lehigh \ alley. Lehigh Vallex game.l \ and Reading 12. ! Among the other advances in the in- I itial trading were I’nited States Steel. s . j Amalgamated Copper, >. Smelting, 4. I Baltimore and Ohio. Atchison. and | I nion Pacific. r, R . Buying in New York market seemed to < ome from a number of sources. 'The curb was firm Americans in London were steadx at improvements over last night's closing. The upxvard movement made further progress during the forenoon, many Issues scoring gains ranging from a fraction to over 1 point. Steel and many of the minor steel industries together with American Car Foundry, American Loco motive and the Pittsburg Coal issues • were active anad strong After a period of quietness right after ! midday a strong tone again developed in i the market in the late afternoon trailing , \ igm-His ,i.i \ a ii< .■ were made in a num ber of Issues. U. S. Steel common gained I point, goipg to 74. Stocks closed strong. Government bonds unchanged tuber bonds steady. stock quotations: I I I Last I Clos.lPrev STutJxS iligii Low Sai< Bid ICl’se Amal • Jopper 86 BtM < 85 - 85 fa 85} ■ Am. Ice Sec 26 26 Am. Sug. Ref. 129 l2B’- 2 12!» 128% 12S'-> Am. Smelting R7’,2 86% 86 7 » 86% 86 Am. Loconio... 45% 45 45% 45% 44% Am. Car Fdy. 61% 60% 61% 6! 60% Am. Cot. Oil* 53% 53% Amer Woolen 27 37 Anaconda . 43% 43% 43% 43% 13% Atchison .110% 110 I |b% 110% 109% A. C I. . . 148% 147% 147% ’47*o 147% Amer. Can .. 41% 41% 41% 41 41 do. prefll9% 119% Am. Heel Sug. 71% 71 71% 71% 70% Am. T. and T ’46% 146 146% 146 145% Am Agri< ul 60% 60% Beth Steel 4< A 38 40 39% 38 B. R. T 93% 92% 93% 93 92% B. and <>109% 109 109 109% 108% Can. Pacific 281% 281 *2Bl 280% 279% Corn Products 16 15% 15% 15% 15 <’• and <> 83% 82% 83% 83 82 xConsol. Gas . U7% 147 147% 147% 148% Cen Leather 80% 29% 30 Colo. F. and I 32% 31% 32% 3: % 31% Colo Southern. 40 40 D. and H I6'.i 16!» i; Den. and R. G 22% 22 I Hstil. Secur 33> • ::.l , .33 4 33' t 33 ' Erie 38% 37% 38% 38% 37% do. prof. 55" k 55% 55% 55% 55% JGen. Electric 183% 183»,o 183%183% 183 Goldfield Cons 3% 3% 3% 3%' 3% G. Western 18% 18% 18% . 18% i G. North., pfd. ’43% 1-12% 113% 1411% 142% . G. North Ore 46% 44% 46% 46% 14 i I nt. Harvester ” 123% 123 % ‘ 111 Central 131% 131% 131% ...” 131% i iDterboro .. 2'." -. ; 20%, 20% 20’ 2 20% do. pref. 60% 60% 60% 60% 60 lowa Centrallo 11 K. C. Southern 27 27 27 27 27% K. ami T. .. 29% 29% 2! % 29% 29% do. pref . 64 64 64 ” 64 62 ” L. Vallex. 173% 172% 173% 173% 172% L and N . . 170 169% 169% 169% 168% ! Mo. Pacific . . 39% 38% 39% 39% 38% N V Central 118% 118 118% 118% 117% j Northwest .Ml 143% 143% 143% 142% Nat. Lead . . 60 59% 60 59% 5!» !N. and W . 118% 1.18% 118% 118’., 118% , No. Pacific . .131% 131 131 131% 131% j(>. and W. . . 33% 33% 33% 33% 32% Penn . . . 125 124% 125 124% 124% ' Pacific Mail 32'- 32% 32% 32 31% ! P. Gas Collß% 117% i P. Steel (’ar 37% 37 ; 37% 37% 37 . Reading . . 172% 172'., 172% 172% 172% ! Rock Islam! . 27% 27% 27% 27% 26% do. pfd 53 52 R. I and Steel 28% 27% 28% 38% 27% do pfd.. . . 90% 89% 90% 90% 89% S. Sheffieldsß% 56% So. Pacific 1’3% 113 113% 113% 113 So. Railway 30% 30 30% 30% 30 do pfd 81 ; 80% 81 81 80% St. Paul. 109 108% 108% 108% 108 Tenn Copper 43% 12%- 43% 42 s h. 42% 'Texas Pacific . 22% 22 1 ,-- 22%' 22% 22% 1 Third Avenue I ... 38 3>%i Union Pacific 174% 174 174 % 174% 173% I’. S. Rubber . 52 52% 53 52% i t-'fuli Copper 63% 63% 63% 63% 63 U S. Steel . . 71% 72% 74% 74 72% do. pfd. . . 113% 113 113% 113% 112% !V■< ’. < 'hem. . 18% 48% 18% 18% 48%) W. Union . . 83% 82 83% 83% 81%: IWa bash .. .' . . 1 % 4% ! i do pfd . 14% 14% !W. Hlectrfc . 88 87 88 87% 87% | Wis. (’entral . 61 60 I Maryland . . . 1 56% 57 Total sales, 610,000 shares x Lx-dlv- I idend, 1 1 r < ent MINING STOCKS. RoST<»N. Aug '4 Opening < >ld <’ol- | c-nx 'I. Sama Fe 3-* h . Shannon 17%.' Ma\ flower 14% LOCAL STOCKS AND BONOS B‘d. Asked Atlanta <v West Point R R . ho 145 American Nat Bank 220 225 I Atlantic Cool & Ire common 100% ]Ol I Atlantic Coal & Ice pfd. ... 90 ” 92 j Atla ma Brew ing A* ice Co ..170 I Mlanta National Bank 325 i Broad Riv Gran Corp 25 30 i do. pfd 70 72 Central Dank Trust Corp. ... 147 Exposition Cotton Mills iso jgs Fourth National Bank 265 270 ; Futon National Banki 2" 131 Ga Ry. Ar Flee stamped ... 126 127 I (4a. Rj & Power Co. common 28 30 ' do Ist pfd 81 85 1 do. 2d pfd .. . . 46 47 Tlillyer 'Trust Companyl2s 127 Lowry National Rank24B 25u I Realty Trust Company 100 105 Southern Ice common 68 70 < The Security State Bank . 115 120 I Third National Bank. . 230 235 Trust* Company of Georgia _‘is 250 Travelers Bank A- 'Trust C 0... 125 126 1 BONDS. •Atlanta Gas Light Ist ’s ... 102 Broad Riv Gran. Corp Ist 6s 90 95 I Georgia State 4%5. 1915, 5s 100’-. 101% I Ga. Rx << Elec Co 55.. . 102% 104 " Ga Ry. & Elec. ref. 5s t OO 101 Atlanta Consolidated 5s 10:’% Atlanta ’itx- 3%5. 1913 91 " 92 Atlanta city Is, 1920 98 99 Atlanta <’ity 4%5, 1921 102 103 x- Ex-rights. NEW YORK PRODUCE MARKET. NEW YORK. Aug. 14 Wheat steady; September. 107'n't/108% , spot No 2 red, nominal in elevator, ami 1.08 f <>. b. Corn dull. No 2. in elevator, nominal, export . No nominal, f. o. b.; steamer, nominal ’ Oats easier; natural white. 48<u51, white I < lipped, 53fa55 Rye dull; No 2, nominal, l <l. I» New York Barley quiet; malting < i f Buffalo. Ha\ steadx. good! to prime. poor to fair, 80. nomi l nai Flour quieter, spring patents. 5.25(a | | 5.50; straights. 4.75<a 5.00 clears. 4.65<u | 1.90: winter patents. ;>.154i5.40: straights. ; 1 .‘-Oh 1 75. clears. 4 255/4.50. Beef stead* familj 18.00® 18.50. Pork dull, mess 20.00(6 20.75: family. 20 OOVt 21.25 Lard firm. < it.\ steam. 10 «hio%. middle West sp"l. 10.90. ’Tallow firm, <m. m hogshpißls 6%, nominal; country, in tierces. s%'a 6%. NEWS AND GOSSIP Os the Fleecy Staple ' NEW YORK, Aug ’4. Carpenter. Bag got Co.: Our opinion is unchanged. This decline has been due largely to {manipulation, assisted by some recent 1 hedge selling, this market against long contracts in Liverpool The decline has been exaggerated Ninety per cent of •he crop news is verx bullish. Think large crop impossible. While prices max he lemporaiilx further depressed, strongly! favor buying on every decline Believe j in ultimately mm h higher prices. The Journal of Commerce says that the sharp drop in cotton has caused a natu ral hesitation among goods buyers, but I hai- a good steady business is reported by jobbets. The export markets for cot ton goods are not active. Shipments on old eiders constitute (he chief feature, and ihere%ire still many goods due. Guild. Hubbard. Wentnan Longhi Jan uary. Schill. Hentz. Schiff»r sold. Free man. Lee, Johnson. Schill. Riordan bought December. Rothschild, (’one, Hicks sold. Lee bought October McElroy. Riordan. Rothschild sold. Dallas wires “’Texas Scattered clouds south and southwest: balance dear and warm Oklahoma Cloudx . light rain at Newkirk. balance paril.x cloudx to dear and cooler 'The bear .just could not resist the temp tation today, and he put in an appear ance The result is easilx guessed The next bureau report will be issued I Tuesday. September 3. and anticipations 1 are tha* it will he d’ a bullish character. Hubbard. Craig. Hentz were best buy ers today <»n the advance. Some mills were reported to be good buyers. Hutton places the condition at 77.7, against 78 5 last month Hutton, by states: North Carolina. 81; South Carolina. 75. Georgia. 77: Alabama. 73. Mississippi. 75; Louisiana. 80; ’Texas. 83. Arkansas, 76. Tennessee. 71: Okla homa, 82 Following are 11 a m bids: October II 24. Decern bet 11 32 January 11.23. March 11.38. NEW ORLEANS. Aug 14. Hayward X- Clark: 'The weather map shows partly cloudy to fair, with some isolated show ers; .56 at Galveston. Some light show ers in North Carolina, where rains are reeded Temperatures are normal In dications are for partly cloudy in west Texas. Oklahoma, xxith possibly scattered showers. Few scatered clouds in south and south west Texas, balance clear and warm Oklahoma, cloudy, threataring at Ponca City and light ram at Newkirk: balance partly cloudx to dear. The New Orleans Ti’mes-1 )emoerat’s summary says; Again cotton values ’ dipped. 'This time (Jelober in New Or leans dropped to 11.1*. At that price support developed and October climbed to 11.55. The reac tfc n came so suddenly and was so sharp that even conservatives. ' who had been expecting some cheek to the decline, were amazed. Southern mills bought contracts freely. Some shorts took profits. Some constitutional bulls got in again at what seemed t<» he the bottom Scalpers were in their element. When the smoke had cleared a wax. the contract market stood verx dose to the previous day’s dose, while spots at New Orleans rested 1-16 r below the 12c mark. One xear ago the local August << ntract •dosed at 11.99, as against 11.63 yesterday Oc tober was at 11.08, against 11.46 yester day. and New (Orleans middling spots al 12c against 11 15-16 c yesterdax Whether these price comparisons signlfx anything or not, the trade must judge The bear sax s the situation in the long run is as bearish now as it was this time last xear because, whereas an enormous requirement in *l9ll-1912 will ultirnatelx effect an enormous yield, this year the fact that the mills are not hare of sup plies offsets any deficit in the x ield of 1912 under that of 1911 Estimated receipts Thursdax; 1912 190 New Orleans 16 to 50 225 Galveston 2.200 to 2.500 3,379 THE WEATHER " t CONDITIONS. 1 WASH INtUrON, Aug. 14. Generally 1 j fair weather throughout eountrj east of | the Mississippi tonight and Thursday, ex cept that showers and probably warmer along the gulf coast. The temperature will be somexvhat lower tonight in the* lake region and up per Ohio valle x and 'Thursday in the New England and middle Atlantic states GENERAL FORECAST. Following Is the forecast until 7 p. m Thursdax : Georgia Probablx fair tonight and Thursday. , Virginia, North and South Carolina - Generally fair tonight and 'Thursdax. Alabama and Mississippi I’robabix fair tonight and Thursdax Florida Showers tonight and Friday Louisiana and Arkansas Unsettled showers. Oklahoma Unsettled. East Texas- Unsettled showers Uest Texas Unsettled showers BUTTteR. POULTRY AND EGGS. I NEW s<>Rl\. Aug 14. f’ressed poultrx dull; turkeys 14*6 23. chickens Ufa 26. I fowls ducks 18*6.18%. Live poultry unsettled; prices nominal Butter easier; creamery specials 25iz 25%, creamerj extras state dairj I (tubs) 214125% process specials 24 z >/?4 1 - Eggs firm: nearby white fancy 31(6 32. i nearbx brown fancx .54/27. extra firsts :2 I’ t■■ ." 1 -'u2 I % . Cheese l rm . whole milk specials 15%f/ 16. whole m ’ fancx 15%. skims specials 12%4/13. skim fine 10%4r11%, full skims 74/ 9. COTTON SEED OIL. cn/fnn seed on quotations: I Opening. Closln r 1 Spot 1 *1.364/6 | August . . . .1 6.254/ 6.26 6.424/ 6.43 I September . . . 6 314/ 6.35 6.'64/ 6.47 1 October .... 6.40(66.12 6.174/6.48 November . . . J 6.224/6.24 6.274/6.28 December .... 6.154/6.16 6.194/6.20 January 6 144/6.15 6.184/6.19 February . 6.15(6 6.20 6.214/6.25 Closed very strong; sales 11.600 barrels. Established 1861 The LOWRY NATIONAL BANK OF ATLANTA I ft. Designated Depository ", of the Uni* states County of Fulton. Atlanta. Capital . . , 1.000,000.00 Surplus . . , $1,000,000.00 Accounts of Individuals, Bank and Corporations Solicited MEALS RtGEQE IN LATE SESSION Market Loses Strength Under Heavy Selling—Fails to Up hold Early Gains. ST. LOUIS CASH QUOTATIONS. Wiieat No. 2 red 103 4/105 Corn so ( >ats 31 %Co 32 < HICAGO. Aug. 14. -Wheat strong and % to •%(• higher at the opening with the bullish advices from the Old world th* leading influence. Weather in the United Kingdom was reported as unfavorable for Harvesting arid threshing. Liverpool was higher and strong. ' ••in was up as much as % for Sep u-mber this morning on shorts covering, but part of this strength wast lost later. More deferred months were % to %'•_ I igher earlx. but they dropped back to a low] below the closing of yesterday. oats acted in sympathy with other grains Provisions were again higher under a good demand from shorts. W iieat closed % to %c lower nri weakening of rhe markets in the north west lack of export demand and weak ness in coarse grains. • orn closed %(!/ 7 8C lower Liberal of fer.ngs and lack of demand c aused the re cessions. t'ats were «4/’g lower. Values dropped after the earlx demand. Provisions were higher all around on good demand. Trade was large. CHICAGO GRAIN MARKET. i’rev. , * »pen High. Low. Close. Close. WHEAT— Sept !'3 % 93% 82% 93 93% Dec. 93 % 93% 92% 92% 93 Max 96% 96% 95% 96% 95% CORN Sept 71% 71% 70 70% 71 s+% Ma' 54\ .->3% 531.4 54-">, ('A 1 S Sept 31’. 31’, 31?, 31=, 31\ 31’, 33’,- 33'. 32>, 32\ Ma.' 31’. 35, 3!', ;',4Sf, 34’, PORK s l’t 1" 1X.12U 15.04',2 15.05 IS.OO Oct IX 17'.., 18.20 18.07'j 18.12 UlB 05 lan IS.BO 18.57 U 18.72 V. 18.80 ' IS 77U LARD- ‘ " Spt 10.55 10 S7U 10.52 S 10.85 10.77 U Oct 10.9::', HI. 95 10.90 10.95 10 S7U lan 10.70 10.70 10.57 U 10.70 10.55 i: i P.S spt 10,87'... 10.90 io.8;:l 2 10 87V> 10 S 3 % I" •'■.■> io 95 10.85 10 87U 10.80 .lan 9 •>.'. H'.oo 9.92'j 9.SO CHICAGO CASH QUOTATIONS. i'HH'AGI) Aug It Wheat. Xo, 2 red 1.03 ft 1,05; Xo 3 red. 96ft 1.03; Xu. 2 hard ">nter. 93t 2 iii96, Xo. 3 hard winter. 92© 91';; Xe I Xorthern spring. 1.00®T05 No. 2 Xorthern spring. 97ft 1.03; Xo. 3. 9'ft 1.00. Corn Xi*. 2. 76®76V>; No. 2 white, 771* 2'7.8; Nil 2 vellow. 77' 2 ft7B; No. 3. 75 a -,ra 7'2 Xu. 3 white. 77ft 77\: No. 3 yellow I_.', Co 77 Is . No. 4, 74® 75Mt: No. 4 white 75' 2 ft76 No. 1 yellow. 75* 2 ft76 3 ,. • iHts. No. 2. 32; No. 2 white, new 32',4* 137 , No 3 while, old. 32 a ,4133; new. , '"32. No. I white, new. 30' 2 : standard, i 1 old, 33; new. 32%. CHICAGO CAR LOTS. Following are receipts for Wednesday and estiniated receints tor Thursday: ■I Wed n'day. I Thursday. Wheal 275 I 155 ''orn . 150 127 Oats . 278 I 137 Hogs . 25.000 ' 17,000 f ~~——— LIVERPOOL GRAIN MARKET. W heat opened ' 2 d higher: at 1:30 p. tn. "as -,,<1 higher for December and ’,d higher for < n tuber. Closed ",<i higher. • 'orn opened > 4 d higher; at 1:30 p. no. was -nd higher for December and ? 4 d higher for .September Closed AJd to %d higher. PRIMARY MOVEMENT. I r 1912 i t»i» ; Reeeiids 1 1.346,000 867.000 Shipments 1,283,000 587.000 CORN— | | Receipts 419.000 587,000* Sh]|ini<-nts_ 377.000 325.000 BRADSTREET S VISIBLE SUPPLY. !• oil' wing shows the weekly Bradstreet's visible supply of grain for the week: Wheat decreased 7.731.000 bushels. Corn increased 364.000 bushels, f lats increased 31,000 bushels. LIVE STOCK MARKET. CHICAGO. \ug. 14 -Hogs—Receipts 25,000. Market strong. Mixed and butch ers $7.60® 8.60. geed heavy $7.80©8.40. rough heavy $7.50©.7.80. light 57.85©8.60. pigs <6.80ft8.00. bulk 87.85® S. 45. Cattle Receipts 20.000. Market stead.' to strong Beeves $6.60® 10.40. cows and heifers $2.50©8.40. Stockers and feeders $4 50ft 7.15 Texans S6.SOftST4O. calves $6.50 ft 8.10. Sheep Receipts 20.000. Market weak Native and Western $3.25©4.50, lambs $4.60© 7.40 NEW YORK GROCERIES. NI'IW YORK. Aug 14.—Coffee easy; No 7 Rio spot 14 Rice firm; domestic ordinary io prime 4‘ 2 ©5%. Molasses steady New Orleans open kettle 36®50. Sugar ra v steady; centrifugal 4.05. mus i . ' ado 3 55. molasses sugar 3.30. refined dull, standard granulated 5.05. cut loa f 5.50. ■ rushed i 70. mold A 5.35. cubes 5.25. powdered 5.10. diamond A 5. confectioners \ 1 85. N. 1 4.85, No. 2 4 SO, No. 3 • 75, No I 470 15