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FACT Si GOSSIP • IN MONEY MARTS Why Is It There Are More Lawyers in Congress Than Other Professions? 4 By B. C. FORBES. X'E\A YORK. Aug. 14. America is lawyer-ridden. The be-all and end-all, the Alpha and Omega of government is not to grind out laws by the thousands, but to 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— in a democracy—laws should be as few and simple as possible, not as many and as intricate as legal ingenuity can con- * trive. Think of 35,000—thirty-five thousand laws being passed during one session! ■ « • I have looked up the records, and I find that lawyers have constituted from , 65 to 70 per cent of our congressmen dur- ing quite a number of years. Take the Fiftieth] congress. It was composed of 263 lawyers. 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 couid 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 ihe 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 politics as a game to be . played, not honestly, honorably and above-board, but by stealth, by subter fuge. by corruption. I’nfortunately, too many politicians did play dishonestly, did pay more attention to their own purses than to principles, and did drag law-mak ing into the mire. But—also unfortunate ly—men of big business were by no means blameless, for not infrequently they were parties to bribery, to underhandedness to crooked 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 letters 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 Dogs. The rail ' roads for the most part have stopped it. Standard Oil, having been ‘dissolved.’ may riot find occasion to spend so much for legal—or illegal- services. Yellow Dogs, it has been demonstrated, are apt to be pulled from the darkness of their subterranean kennels and placed in the limelight. • * » Politics is becoming more respectable. This being so, may we not hope that hereafter business, agriculture, education I and other lines of activity will contribute a larger quota of legislators? » • • 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 (ear than any other country passes in a generation Some of our statutes are not 1 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 It 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 t congress. Federal and state, were devoted, not to making more laws, but to making bonfires of most of the old ones, and con solidating, classifying and remodeling the sensible and necessary ones, the country would be much better off. It Is criminal tn pass statutes that can not possibly be enforced, for thereby the innocent are made lawbreakers • • Instead of 70 lawyers in every 100 leg- Going Abroad? YOU WILL SAVE TIME. AVOID delays, have your money always safe, ami. practically enjoy the many benefits of having a bank account in every country in which you may travel, if you carry with you a Letter of Credit or Travelers’ Cheque. It will enable you to know exactly the relative worth of your money i n foreign countries, and en able yon to keep an accurate account of your expend!tures. And yet the cost is very small. A mere nothing compared with the innu merable benefits they afford. We will be glad to have you come in and talk the matter over with us. Atlanta National Bank The Oldest National Bank in the Cotton States. DARBY ADV.. ’ Sam Jones Tabernacle Rebaptized FACTIONS HEAL BREACH CARTERSVILLE, GA.. Aug. 14.—1 n the closing hours of one of the most re markable series of religious revivals ever known in Georgia, the famous 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. on 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 the Alabama evangelist came to Cartersville to open the tabernacle, which had been closed to evangelists since Rev. Walt Holcomb’s famous faux pas and police coujt experience five years ago. he found that Cartersville 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 par ishioners declared that the regular churches and ministers'were ample to take care of the religious situation in Cartersville. Jones and Dr. Munhall went along preaching three times a day. They drew good audiences, and undoubtedly arous- Cotton Bill Up j : To Taft to Sign • • • • WASHINGTON. Aug. 14.—The • • senate todav passed the cotton bill • • as it came from the house by a ® • vote of 36 to 19. This proposes • • reduction of about 40 per cent in • • the present schedules. • ••••••••••••••••••••••••a* POLICE TO AID AT WSLBL Men Who Were Under the Former Chief Will Act as His Pallbearers. The body of Captain W. P. Manly, former chief of police, who died at Grady hospital last night, will be borne to the grave at Oakland cemetery to morrow by men who once received or ders from him. of the police department will act as pall bearers. They "ill take charge of the casket during the funeral exercises at 10 o’clock in Greenberg & Bond's chapel and will escort it to the cemetery. Captain Manly was a retired officer when he died. He was one of the first to derive benefits from the city ordi nance providing pensions for superan nuated members of the department. He retired last November and lived with his family at Austell. For four years he was chief of police in Atlanta. In 1901 he was retired. He continued in the service and recently was wagon officer, and at the end of his connection with the department I bad served 35 years. 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 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. THE ATLANTA GEORGIAN AND NEWS. WEDNESDAY. AUGUST 14. 1912. ed deep religious fervor. Nevertheless, the situation among the religious peo- i pie in the city remained tense. On Wednesday, however, the revival- i ists received a striking accession in ; Rev. J. M. Long, pastor of the First Baptist church, who. at one of the , meetings, publicly approved the evan- I gelistlc work. Sunday morning and afternoon the; great edifice was crowded to its capac- I ity. More than 2.000 people from every ■ part of north Georgia attended. At- i lanta sent a delegation of more than a I hundred. The great grove fringing the tabernacle was crowded with convey- ! ances of the rural folks. At the end of the sermon. Rev. ! George F. Brown took the pulpit, sta tioned ushers at the exits, and called I for a personal collection for the evan- j gelists. He was aided by W. D. Up- | shaw, of Atlanta, editor of The Golden , Age. who called upon the congregation i to join in "rechrlstening" the tabor- 1 nacle. Mrs. Sam Jones led the sub- i scriptions with $25. Others chimed in • with sums of $2 to $25. so that more I than SSOO had been collected before the ushers began passing the hats. The great audience—including all th« pastors —arose to vote aye to the prop osition of inviting Bob 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. WOOL BILL VOTE PLUSESMN 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 j Democratic house of representatives I for passing the LaFollette-Underwood l woo! 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 1 bill. 1 think the action of the house was entirely justifiable. I suppose the bill has little chance in the senate.” To a Sunday school delegation of about 100 from Allentown. Pa„ who vis- I ited him today. Governor Wilson told I the Pennsylvanians how kindly he felt | toward them for their state’s support In i the Baltimore convention in the face of 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 there is no longer a division of opinion among Americans as to what, they want. They want the state, by which I mean the entire Union of states, to lend it self to the service of humanity. In one sense the function of politics is the | same function that you represent. It is I the function of doing whatever legis- j lation can do to see that justice and j righteousness prevail on the earth. The ' disappointing thing to every generation ; is that it can make so little progress j to.ward that goal, that idea, but we| ought not let ourselves free from the! obligation because it is hard to fulfill.” NEW YORK COFFEE MARKET. Coffee quotations: January 12.62®12764’12.58®12.'60 February 12.60012.64 12.63012 65 March 112.68 12.65012.66 I April 12.67'0 12 68 May 12.68 I •Time 12.654? 1.2.70 12.65(1/12.67 I •luly 12.65® 12.70 12.61012 62 . August 12.35 September 112.45012.55 , October 12.504712.60 12.56012 57 November 12.55« t 111.60-12.51 ®l2 53 ■ e_r._ .... 12.55® 12.65 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 1.200, 5.75 @6.75; good steers SOO to 1 non 5.2505.75; medium to good steers. 700 to 850. 4.75® 5.25: good to choice beef cows, 800 to 900 4.50® 4.7smedium to go,-al beef cows, 700 to 800. 3.754/ 4.25; good to choice heifers, 750 to 850, 4.000 4.75: medium to good heifers. 650 to 750. 3.75@4.50. The above represent ruling prices on good quality of beef cattle Inferior grades and dairy types selling lowe> Mixed common steers, if fat, 700 io 800. 4 000 4.60: mixed common cows, if fa:. 600 to 800, 3.50® 4.00: mixed common bunches to fair. 600 to 800. 2.754)3.50; good b-iu-li er hulls. 3.000 3.75. Prime hogs. 1.60 to 200 average 7 75® 8.25; good butcher hogs. 140 tn iso. 7.50®. 8.00: good butcher pigs. 100 to 140.' 7 000 7.50; light pigs. 80 to 100. 6.500 700 heave rough hogs. 200 to 1:50. 7.000 7.50 Above quotations apply to corn-fed i hogs. Mash and peanut fattened hogs I l®l%c lower Good run of medium cattle in yard this’ week, although the supply of strictly good beef is short Several mixed loads of Tennessee cattle were among the arrivals) first of week. A few good steers were selected from these ears and brought the! top prices for this week. Grass cattle are coming mote plentiful l from local points: quality not ver up to 1 standard. Owing to heavy rainfall this | season the grass has conmined too much moisture and grazing cattle are not \et fat ' .Market is on«idered strong to % higher 1 on better grades and about steady on ’ medium stuff. Light and common cattle are slow sale at % ® % under quotation of 1 a week ago Lamb market about steady, supply I normal and quality continues fairly good I Hog receipts moderate: market strong 1 and higher. It’s like getting money f’;,m home fori it's money easily made ov reading using and answering the Want Ads in The Georgian Few people realize the many opportunities offered them among the ' small ads It's a good sign that if the pen. I pie did not get results from the Want Ads 1 of The Georgian that there would not be | so many of them ts. for nothing else, sit | down and cheuk off Ihe ads that appeal to you You will be astonished bow manv of I iliem mean irnwi to you The Want Ad i pages are bargain counters In every Hoe ; The ads are so conveniently arranged that they an be picked out very easy SOUTHERN MILLS ACTIVEINGOW I ’ • Textile Interests Among Best Buyers—Covering by Shorts Causes Good Advance. 1 I ~ NEW YORK, Aug. 14. Finn cables caused the cotton market today to open unchanged io 2 points better than Tues- !• I day's closing prices. After the call the . market weakened on favorable weathers ; conditions, which caused an unloading ' movement by longs, and prices had a ten dency to sag lower. Most active posi t:<»ns declined aggregate of 6 to 11 points I from the early prices. Shorts covering during the late fore [ noon and afternoon trading gave the mar- I ket a steady tone, and prices quickly de veloped an upward movement and the [entire early decline was soon gained. The j i December option displayed the most I i strength. This option rose from 11.28 to! ] 11.58. October and January followed the j advance moderately. Some Southern mills I were reported to have put in their ap ! pea rance and were among the best buy j era throughout the day’s trading. Dutton Ar Co. issued their monthly re port today at noon on the condition of the growing crop, placing their flgui-es at 77.7. against 78.5 last month, showing a decline in conditions of .08 per cent. 1 At the close the market was steady, I with prices showing a net advance of 17 to 20 points over the final quotations of T uesday. RANGE OF NEW YORK F U T_U RC 3. jjJ I| J | ilj 11 Aug. : • 11.36-38111.19-21 l-ept. 11.12 11.12 11.12111.1.2 1 1.36-38’11.19-21 Oct. 11.37 1 1.53 11.20:11.52 11.52-53 11.35-86 Nov. 111.56111.561H.56111.5611.54-56111.37-39 I Dec. 11.39111.61:11.28’1 1.60111.5j-60ill. 39-42 •lan. 11.35'11.57 11.18 1 1.54111.53-54 11.33-35 ■’ P V 111.59-61 111.40-43 Meh. 1.1.49-11.65’ 11.33111.6511 1.65-66 J 1.47-48 May 11.58 11.75 11,45 11,75’11.73-75 11.56-57 Closed steady. Liverpool cables were tine 10%®12% points higher. Opened firm at U@l3 points advance. At 12:15 p. m. Hie mar ket was steady at a net advance of 14@16 points. 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 5®7% points over the final figures of Tuesday. RANGE IN LIVERPOOL FUTURES. Futures opened firm. Range. 2 P. M. Close. Prev. Opening. Prev. , Aug. . . . 6.48 -6.50 6.51 6.42% 6.36 , Aug.-Sept 6.39 -6.42% 6.-14 6.35 ’ 6.27' a Sept.-Oct. 6.26 -6.30 6.31 6.22% 6.17% I Oct.-Nov. 6.22 -6.25% 6.26% 6.17% 6.10% I Nov.-Dec. 6.17%-6.20% 6.21 6.12 6.05 Dec.-Jan. 6.17 -6.18% 6.19% 6.12 6.06 ■ Jan.-Feb. 6.18 -6.21 6.21% 6.12% Feb.-Mch. 6.18 -6.21% 6.22% 6.13% Meh.-Apr. 6.20 -6.7*5% 6.23 6.14% 6.08% .Apr.-Muy 6.21'4-6.23% 6.25 6.15% 6.09% 'May-June 6.23 -6.22 6.25% 6.16% June-July 6.22 -6.23% 6.16 Closed steady. HAYWARD & CLARK'S DAILY COTTON LETTER j NEW ORLEANS. Aug. 14. —The English I j market fully met the recovery on our side ■ iand, according to the above cable, ap- , I pears ready for further recovery in ease I [ crop news should become unfavorable. | Weather developments over night were, however, distinctly favorable. Tempera - | tures are normal throughout the bell : and the map shows some precipitation in I extreme west Texas and .56 at Galveston, j also some precipitation in North Carolina 1 where moisture Is needed. Indications are for unsettled, rainy weather coming in I Texas and Oklahoma, partly cloudy: pos sibly some isolated showers elsewhere, followed by generally unsettled, showery by Friday night. in regard to the market the first effect of rains in west and south Texas would probably be sentimentally bearish, as it would relieve the long expectation of rain 1 there, but the second effect wotild be bull ish. as rains would interfere with picking j and the movement and the trade depends I on south Texas for its August cotton. Furthermore, a wet spell in the central j and eastern states would not be welcomed outside of North Carolina and might lead j to Insect complaints or damage and might ! give rise to lhe idea of delay in crop I movement. The market has, therefore, I much to consider in regard to weather. The market opened with unchanged fig- | I ures dropped about 12 (Joints on the gov ernment forecast of showery weather in > (west Texas, but soon recovered There; was a better feeling and good buying on dips probably coming from trade sources. RANGE IN NEW ORLEANS FUTURES, t u «i Iwil ? 5? 5 'A O "" I ?■, f-- D r u? Jta j u Aug, f 1.... ...k ,'llt.Bß liiT63 Sept. 1 ’ 11.76 ’11.52 Oct. 11.46 11.73 11.35 11.70 1 1.70-71 11.46-17 I Nov. ! 1 11.70-72,1146-47 1 I Dec. 11.48’11.74 11.35 11.71’11.71 -72’11.46- 17 I 1 .lan. 11.50 1 1.77 1.1.39 1 1.7-1 11.71-75 11.49-50 I I Feb 11.76-78,11.51-53 1 I Mell. 11.60 11.87 11.51 11.86 11.85-86 11.59-60 Apr 11.88-9011.61-63 1 •'!_ J ' 11 9511.62 11.95 1L95J16J11 .69-_7O Closed firm. SPOT COTTON MARKET, Atlanta, nominal: middling 124. New Orleans, steady; middling 11 13-16. New York, quiet; middling 12c. Boston, quiet; middling 12c. Philadelphia, quiet: middling 13.15. Liverpool, firm; middling 6.72 d. Augusta, quiet; middling 124 Savannah, steady; middling 114 Mobile, nominal. Galveston, quiet; middling 124. Norfolk, steady; middling 12’ 4 Wilmington, nominal. Little Rock, steady: middling 124. Charleston, nominal. Baltimore, nominal; middling 12%. Memphis, quiet; middling 12c. St. Louis, dull; middling 1?4- Houston, steady; middling 12c. Louisville, firm; middling 13c. COTTON MARKET OPINIONS. Bailey A Montgomery. "The situation is mih Ii that a conservative policy should be adopted n following the market, either in an upward or further downward direc -1 ion.” Logan A- Bryan; “It is well to consider) [the oversold condition of the market and j • the uncertainty that yet attends a. late cron before selling cottone at this level.” Miller A Co.; “Purchases made on weak I spots Is the right thing to do." Morris H. Rothschild A- Co.: "We think a good demand will be found slightly | above 11 cents.” PORT RECEIPTS. The following table shows receipts at lhe ports today, compared with the same day last year: _JLI 19,: I New’ Orieana ... 375 734 I Galveston 2.805 7.594 I Mobile I 1 [Savannah 445 963 ! Charleston 3 ... ; Norfolk ' 577 5 • ■ • • J° 44 _ * Total ". . ’ 4,013 9 341 interior movement, l 191 1 i mt 1 Houston 4.879 3.41 1 I Augusta !-!!• 1 ' Memphis 65 301 | St. Louis 171 233 < 'inclnnati 227 2 I Total 5.471 3,951 METAL MARKET, I NEW YORK, Aug 14 The metal ex- If’ang. whs fairly active Copper hi»oi to j October. 17"5'a17 5O spelter. 6.!>0'h7,00; I hod, 1 lO'ottiO. tins STOCK MARKET ON HIGH LEVEL Steel and Industrial Issues Show Added Strength—Fa vorable Crop Outlook. By CHARLES W. STORM* NEV\ YORK. Aug. 14.—Canadian Pa ; eific. with ar. u.ivance of 2 points, showed i the greatest amount of gain at tne open ing of the stock market at the opening today, although strength pervaded the entire list and a number of issues rose sharply. Nearly nil the price changes during the | first fifteen minutes were toward higher j levels witli some issues selling at the | highest figures of the present movement, i Persistent buying of the Eries was again i in evidence, the common selling at 37% against 37% at the close last night and the preferred shewing a gain of % upon i the first sale. Canadian Pacific’s strength I was chiefly due to a bull movement in I that issue, in London. Good buying was I noted here also in Reading and Lehigh Valley. Lehigh Valley gained % and Leading 12 Among the other advances in the in itial trailing were United States Steel, %; i Amalgamated Copper. %; Smelting. %; I Baltimore and Ohio, %: Atchison. %, and Inion Pacific, %. Buying in New York market seemed to come from a number of sources. The curb was firm. Americans In London were steady at improvements over last night's closing. The upward 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 i motive and the Pittsburg Coal issues were active anad strong. After a period of quietness right after midday a strong tone again developed in the market in the late afternoon trading. Vigorous advances were made in a num ber of issues. U. S. Steel common gained 1 point, going to 74 Stocks closed strong Government bonds unchanged. Other bonds steady. Stock quotations: I I ILastlClos. Prev STOCKS— IHigh|Low.|Sale.l Bld. Cl’s* Amal. Copper.l 46 f 85% 85%; 85% 85% Am. Ice Sec... ... J ... J .... 26 26 Am. Sug Ref.l29 128% 129 '128% 128% Am. Smelting 37% 86%’ 86% 86% 86 Am. Locomo... 45%! 45 1 45%! 45% 44% Am. Car Fdy,.j 61%l 60%! 61%1 61 60% Am. Cot. 0i1...! .. . J ... .1 ... J 53% 53% Amer. Woolen I . .. 27 37 Anaconda .... 43% 43% 43%' 43% 43% Atchison 110%|110 .110% 110% 109% A. C. 1 148%'147%H47'4 147%’147% Amer. Can ... 41%' 4'l%| 41% 41 41 do. pref . . ... 119% 119% Am. Heet Sug. 71% 71 1 71% 71% 70% Am. T. and T.’146% 146 1146% 146 145% Am. Agricttl. . .... 60% 60% Beth. Steel ... 40 38 ;40 39% 38 B. It. 'l' ... . 93% 92% 93% 93 92% B. and O :109%i109 1109 1091; 108% Can. Pacific .. 281-% 281 28! 280% 279% Corn Products j 16 1 15% 15%- 15% 15 C. and 0 83% 82% 83%: 83 82 xConsol. Gas . 147%;147 147%i147% 148% Cen. Leather .. 30%' 29%, 30 29%: 29% Colo. F. and I. 32%l 31%i 32%l 32% 31% I Colo. Southern .... .... 40 - 40 ID. and H 1 169 1169 I Den. and R. G. ■ ....’ ... | . . i 22%' 22 • Distil. Secur. . 33% 33% 33% 33% 33% Erie 38% 37%. 28% 38%!37% do. pref. .. 55%: 55% 55% 55% 55% Gen. Electric |183%1183% 183% 183'4’183 | Goldfield Cons 3% 3% 3%l 3% 3% G. Western .. 18%: 18% 18% .. .. 18% G. North., pfd. 143%.1421,. 143% 14*%,142% |G. North. Ore.j 46%l 44%: 46%l 46%; 44 i Int. Harvester I ...J ...J .... 123% 123% | 11). Central ~T 31 131%'131%; ~!.1131% Interboro I 20%; 20%| 20% 20%, 20% do, pref. ..I 60%' 60%- 60%! 60%: 60 | lowa Central 10 ,11 IK. C. Southern 27 27 '27 27 ' 27% K and ’l’ 29%. 29% 29% 29%) 29% do, pref. .. ’64 '64 64 -64 '62 Vallet . • . 173% 172% 173% 173% 172% L. and N . . 170 t69',i 169% 169% 168% Mo. Pacific . . 39%: 38% 39% 39% 38% N. Y. Central 118%!H8 118% 118% 117% Northwest.. .1144 143%;143% 143%J42% Nat. Lead . . 60 I 59%! 60 59%| 59 N. and W.. . . 118% 'llß% 118% 1181-118% No. Pacific . . 131% 1.31 131 131% 131% O. and W . . 33%' 33%: 33% 33% 32% Penn.. . 125 ,124% 125 124%-124'j Pacific Mail .] 32%’ 32% 32% 32 I 31% P. Gas Co. . .' ... 118 '/j 117% I’. Steel Car . 37% 37", 37% 37% 37 ; Reading . 172% 172'4 172% 172% 172% [ Rock Islan/l 2/% 27% 27% 27% 26% do. pM ...... 53 1 52 ■R. I. anti Steel 28% 27%' 28% 28% 27% i do. pfd.. . . 90% 89% 90%' 90% 8:1% S.-Sheffield. .... .... ....: 58%: 56% So. Pacific . .1131,1113 113% 113% 113 So. Railway . 30%i 30 30% 30% 30 do. pfd.. . 81 % 80%' 81 81 80% St. Paul. . . 109 108% 108% 108% 108 Tenn. Copper 43% 42% 43% 42% 42% Texas Pacific . 22% 22% 22% 22%. 2'!% Third Avenue ' I ....I 38 | 35% I’nion Pacific 174% 174 174 % 174% IT.':-, I' S. Rubber . 53 52" n 53 . .. 52% I’tah /’oppel- 63% 63%’ 63% 63% 63 I'. S. Steel . . 74% 72% 74% 74 72% . do. pfd.. . . 113'4 113 113%’113% 112% I v.-c Chem.. 48% 48% 48% 48% 48% ’W. I’nion .. .1 83% 82 83%' 83%l 81% I Wabash . . . i .... 4% 4% ! do. pfd. . . ... .' ... J .... 14% 14% IW. Electric . . 88 87 ’BB ! 87% 87% Wis Central . I I ... .1 61 I 60 W, Maryland .' . ...' ...J . ..! 56% 57 Total sales, 610,000 shares x Ex-div) idend. 1% per cent. MINING STOCKS. BOSTON. Aug 74.—Opening Old <’ol cn> 11. Santa Fe 3%. Shannon 17'-, Mayflower 14%. LOCAL STOCKS AND BONDS. Bid. Asked Atlanta 4 West Point R R . 140 145 American Nat. Bank 220 225 Atlantic Coal Sr Ice common 100% 101 Atlantic Coal 4- Ice pfd 90 yj Atlanta Brewing & Ics C 0... 170 Atlanta National Bank 325 Broad Rlv Gran Corp 25 30 do. pfd 70 72 Central Bank 4 Trust Corp. ... 147 Exnosltto’ - Cotton Mills 150 jgs Fourth National Bank 265 270 Futon National Bank /27 jsj Ga Ry. A Flee s'amped. . 126 127 Ga. Ry. 4 Power Co common 28 30 ' do. Ist pfd 81 85 i du. 20 pfd 46 47 : Hlllver Trust Company 125 J 97 Lowrv National Bank 248 25,1 Realtv Trust Company 100 105 Southern Ice common 68 70 The Security State Bank... 11,5 120 Third National Bank 230 235 Trust Company of Georgia 245 250 Travelers Bank 4- Trust C 0... 125 126 BONDS. Atlanta Gas Light Ist ’» 102 Broad Rlv Gran. Corp Ist 6s 90 95 Georgia State 4%5. 1915, ss. 100% 101 % Ga Ry a Klee. Co. 6e 102% 104 Ga. Ry. 4- Elec, ref 5s ,00 101 Atlanta Consolidated 5s 102% Atlanta City 3%5. 1913 91 92 Atlanta Citv 4s, 1920 98 9s Atlanta City 4%5, 1921 102 103 x-Ex-rights. NEW YORK PRODUCE MARKET. NEW YORK. Aug. 11 Wheat steady: September, 107 I «'a 108 % . spot No 2 red, nominal in elevator, and 1.08 f. o, b. Corn idttll; No. 2, in elevator, nominal: export No. .’, nominal, f. <>. b.: steamer, nominal. Oats easier; natural white. 48® 51: white clipped. 53®55. Rye dull: No. 2. nominal, f n b. New York Barley quiet: malting 70®80 c. I. t Buffalo. Hay steady; good to prime. 95® 1.35; poor to fair, 80, nomi nal Flour quieter; spring patents. 5.25® 5.50 straights. 4 75® 5 00: clears. 4 65® 4.90: winter patents. 5.15®6.40; straights, 4 50® '• 75. clears. I 25® 450 Beef steadi . famil ~ 16 00® 18 50 Pork • lull: mess. 20.00 ®2O 75; family. 20 00® 21 25. I ard flrm; cit.' steam. 10-'%®lll0 1 -. middi* W, st spot 10 90. Tallow firm, di', in hogsheads. 6%, nominal, country, 111 tiercca, 5%®6%. NEWS AND GOSSIP, Os the Fleecy Staple i NEW YORK. Aug. 14.—Carpenter. Bag got 4- Co.: our opinion is unchanged. This decline lias been due largely to manipulation, assisted by some recent hedge selling, this market against long contracts in Liverpool. The decline has been exaggerated Ninety per cent of tlie crop news is very bullish. Think large crop Impossible. While prices may be temporarily further depressed, strongly favor buying on ever) decline. Believe in ultimately much higher prices. The Journal of Commerce says that the sharp drop in cotton has caused a natu ral hesitation among goods buyers, but that a good steady business Is reported by jobbers. The export markets for cot ton goods are not active. Shipments on old orders constitute the chief feature, and there are still many goods due. Guild. Hubbard. Wenman bought lan uary. Schill, Hentz. Schiffer sold. Free man, Lee. Johnson, Schill, Riordan bought December. Rothschild, Cone. Hicks sold. Lee bought October. McElroy. Riordan, Rothschild sold. Dallas wires: "Texas—Scattered clouds soutli and southwest: balance clear and warm Oklahoma—Cloudy; light rain nt Newkirk; balance partly cloudy to clear and cooler.” The bear just could not resist tlie temp tation today, and lie pul in an appear ance. The result is easily guessed. The next: bureau report will he issued Tuesday. September 3. anti anticipations are that it will he of a bullish character. Hubbard. Craig. Hentz were best buy ers today on 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 11.24. December 11.32. January 11.23, March 11.38. NEW ORLEANS, Aug. 14 —Hayward 4 Clark: The weather map shows partly cloudy to fair, wit® 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, with possibly scattered showers. Few scatered clouds in south and south west Texas, balance clear and warm. Oklahoma, cloudy, threatening at Ponca City and light rain at Newkirk; balance partly cloudy to clear. The New Orleans Times-Democrat's summary says: Again cotton values dipped. This time October in New Or leans dropped to 11.15. At that price support developed and October cllmbe/l to 11.55. The reaction came so suddenly and was so sharp that even conservatives, who had been expecting some check to the decline, were amazed. Southern mills bought contracts freely Some shorts took profits. Some constitutional bulls got In again at what seemed to be the bottom. Scalpers were In their element. When the smoke had cleared away, the contract market stood very close to the previous day's close, while spots at New Orleans rested 1-16 c below the 12c mark. One year ago tlie local August contract closed 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 yesterday. Whether these price comparisons signify anything or not. the trade must judge. The bear says the situation in the long run is as bearish now as it wss this time last year because, whereas an enormous requirement In 1911-1912 will ultimately effect an enormous yield, this year the fact that the mills are not bare of sup plies offsets any deficit in the yield of 1912 under that, of 1911. Estimated receipts Thursday: , 1912. 1911. New Orleans 16 to 50 225 Galveston 2,200 to 2,500 3,379 PthTweather ” L CONDITIONS. WASHINGTON. Aug. 14.—Generally fair weather throughout country east .of the Mississippi tonight and Thursday, ex cept that showers and probably warmer along the gulf coast. The temperature will be somewhat lower tonight in tlie lake region and up per Ohio valley and Thursday in the New England and middle Atlantic states GENERAL FORECAST. Following is the forecast until 7 p. m Thursday: Georgia —Probably fair tonight and Thursday. Virginia. North ami Soutli Carolina Generally fair tonight and Thursday. Alabama and Mississippi—Probably fair tonight and Thursday. Florida—Showers tonight and Friday Louisiana and Arkansas—Unsettled showers. Oklahoma -Unsettled. East Texas—Unsettled showers. West Texas- Unsettled showers. BUTTER. POULTRY AND EGGS. NEW YORK. Aug 14. Dressed poultry dull: turkeys 14®23. chickens 14®26. fowls !2®20. ducks IS® 18% Live poultry unsettled: prices nominal. Butter easier: creamery specials 25® 25%. creamery extras 26®26%, state dairy tfubsi 21®25%, process specials 24®’24%. Eggs firm; nearby white fancy 31®32, nearby brown fancy 25027, extra firsts 24026. firsts 20%®21%. Cheese firm; whole milk specials 15%@ 16. whole milk fanev 15%. skims specials 13%®13. skims fine t0%®11%. full skims 7@9. COTTON SEED OIL. r-Q/ton seed oil quotations: I Opening. 1 Closlng. Spot 1 ' 6.3606 60 August 16.250 6.26 8.4206.43 September . . . .! 6.340 6.35 - 6 46'3 6.47 October ..... 6.4006.42 ' 6.4706.48 November .... 8.2206.24 ‘ 6.2706.28 December .... 6.1506.16 6.19&6.20 January 6 1406.15 ' 6.1806.19 February . . . . . 6.1506.20 I *.3t®5.25 I’loseil v<-r' strong; Mies 11,800 barrels. Established 1861 The LOWRY NATIONAL BANK OF ATLANTA Designated Depository of the United States County of Fulton, City of Atlanta. Capital . . . $1,000,000.00 Surplus . . . $1,000,000.00 zXccounts of Individuals, Bank and Corporations Solicited CEREALS RECEDE IN LATE SESSION Market Loses Strength Under Heavy Selling—Fails to Up hold Early Gains. ST. LOUIS CASH QUOTATIONS. Wheat No. 2 red 103 @165 Corn sn “ CHICAGO, Aug. 14.—Wheat strong arid % to %c higher at the opening with the bullish advices from the Old world thr leading influence. Weather in the United Kingdom was reported as unfavorable for harvesting and threshing Liverpool was higher and strong. Corn was up as much as % for Sep tember this morning on shorts covering, but part of this strength wast lost later More deferred months were % to %c liighcr early, hut they dropped back to a level below the closing of yesterdav Oats acted in sympathy with other grains. Provisions were again higher under a good demand from snorts. Wheat closed % to %c lower on weakening of the markets in the north west. lack of export demand and weak-1 ness in coarse grains Corn closed %@ %c lower Liberal of ferings and lack of demand caused the re cessions. Oats were ’.0% lower. Values dropped’ after the early demand. Provisions were higher all around on good demand. Trade was large CHICAGO GRAIN MARKIT. „ FTSV. Open. High. Low. Close. Close. WHEAT— Sept. 93% 93% 83% 93 93% Dec. 93% 93% 92% 92% 93 May 96% 96% 95% 96% 95% CORN— 1 Sept. 71% 71% 70 70% 71 Dec. 55 55% 53% 54 54% OAT8 6 -' 54 ’’ 53% Sept. 31% 31% 81% 31% 31 a. Dec 32% 32% 32% 32% 32% PORK- 4 35 3 *' 4 S4 ’‘ Spt 18.10 18.12% 18.04% 18.05 18.00 9 ct IH I’'4 1 ’' 4 IS - 2I) 18 07% 18.12% 18.05 LARD— Spt 10.85 10.87% 10.82% 10.85 10.77% Oct 10.93% 10.95 10.90 10.95 10.87% Ja ßlßs‘° 70 ,0 S7 ' 4 10 7n ,0 - 55 ,o ' 9o '5-82% 10,87% 10.82% Oct 10.95 1(1.95 10.85 10.87% 10.80 Jan 9.95 10 00 9.92% 9.97% 9.80 CHICAGO CASH QUOTATIONS. CHICAGO. Aug. 14.-Wheat, No. 2 red, 10301.05: No. 3 red. 9601.03; No 2 hard winter. 93%®96; No. 3 hard winter, 92® 94%: No. 1 Northern spring. 1.0001.05; No. 2 Northern spring, 9701.03; No 3 9401.00. Lorn No. 2. 78078%: No. 2 white. 77% ®7B: No. 2 yellow. 77%®78; No 3. 75%®> 76: No, 3 white. 77077%; No. 3 yellow. • 7'4077%; No. 4. 74075%; No. 4 white • 5%@76; No. 4 yellow. 75%®76%. Oats. No. 2. 32: No. 2 white, new 32%0 32%,; No. 3 white, old, 32%®33; new, 31% @32; No. 4 white, new, 30%; standard, old, 33: new. 32%. CHICAGO CAR LOTS. Following are receipts for Wednesday and estimated receipts for Thursday; Wheat I 275 | tM Corn 150 127 Oats | 278 137 Hogs | 25,000 17,000 LIVERPOOL GRAIN MARKET. Wheat opened %d higher; at 1:30 p. m was %d higher for December and %d higher for October. Closed %d higher. Corn opened %d higher; at. 1:30 p m. was %<l higher for December and %d higher for September. Closed %d to %c higher PRIMARY MOVEMENT. tV HEAT— I 1918 [ l»n Receipts I 1,346.0001 867.000 Shipments | 1,283.000 587,000 CORN— | | Receipts I 419.000 587,000 Shipments | 377,000 326,000 BRADSTREET S VISIBLE SUPPLY. Following shows the weekly Bradstreet's visible supply of grain for the week. Wheat decreased 7,731.000 bushels. Corn increased 364,000 bushels. Oats increased 31,000 bushels LIVE STOCK MARKET. CHICAGO. Aug. 14.—Hogs—Receipts 25,000 Market strong. Mixed and butch ers $7.6008.60. good heavy $7.8508.40, rough heavy $7.5007.80. light $7.85@8.60, pigs 46.8008.00, bulk $7.8508.45 Cattle —Receipts 20,000. Market steady to strons. Beeves $6 60010.40, cows and heifers $2,500'8 40. Stockers and feeders $4.5007.15. Texans $6.50®8 40, calves $6.50 @8.40. Sheep—Receipts 20,000 Market weak Native and Western $3.25@4.50, lambs $4.60@7.40. NEW YORK GROCERIES. NEW YORK. Aug 14—Coffee easy; No 7 Rio spot 14. Rice firm; domestic ordinary to prime 4%05% Molasses steady; New Orleans open kettle 36@50 Sugar raw steady: centrifugal 4 05. mus covado 3.55. molasses sugar 3.30. refined dull; standard granulated 5.05, cut loaf 5.80. crushed 5.70, mold A 5.35, cubes 5.25. powdered 5.10. diamond A 5. confectioners A 4 85. No. I 4.85. No. 2 4.80. No. 3 4.75, No 4 4.70. 15