Below is the OCR text representation for this newspapers page.

6 C HEARST’S SUNDAY AM KK h'AN, ATLAATA. OA., Si \I>AY, APRIL 27, 1913. I Latest Reports From the World's Great Markets—Cotton, Grain, Stocks Light Business Done In the Cotton Ring Week-end Trading Small and Changes Unworthy Remark. Dry Goods Are Dull. WEEK'S RANGE. New York. # High. Low. Tu «Jay. S’tluy Close Sat. < Ma> . 11.71 11.29 T’day. F’/lay. 11.32-34 July . 11.72 11.37 11.45-46 Oct .M oilj . r ua> . 11.31 11.10 11.12-13 New Orleans. M’day. S’day. Mi u > 11.83 12.08 M'/lay. S'day. 12.10-11 July 12.16 11.87 M’day. S’day. 11.90-91 oct. . . . 11.41 11.17 Liverpool. T’day. S’/lay. 11.18-19 Mjr-Jne 6.53 6.41 T’day. S’day. 6.43% July-Ag . , 6.48 6.36 T’day. S’day. 6.38 8p.-Oc. . 6.25 6.14 6.15% By EDWARD RANLETT. NEW YORK. April 26.—The cotton market closed irregular to-day. A light business was done. At the outset there were indications of a much firmer mar ket with gains of from 2 to 6 points through the list, hut gradually offerings increased. Wall Street houses sold free ly on the bulge, resulting in the elimina tion of the initial gains. Quite a little of the buying was reported as short covering over the week-end as there was nothing in the crop news to in spire bullish enthusiasm. Correspondents reported to the .four- ral of Commerce that there would be an increase of from 5 to 10 per cent in the area of Oklahoma and Texas. Soil conditions were stated to be good. Cor- diU's report covering Northeast Texas, parts of Louisiana and Mississippi, was bearish. Beneficial rains were noted and satisfactory soil conditions. although ?he river situation was said to be crit ical. The official forecast indicated generally fair weather. The cotton situation in America is one which will require more than ordinary judgment to forecast: With the giant crop of 1911-12, low prices were secured, but, much to the amaiement of the cotton world, the end of that crop was marketed at be tween 12 and 13 cents per pound. And no* at nearly the end of a 1 t.000,000- tmle crop, \\ * have u decline to the I! cents level for which no reason cun be at present stated, except that the con- sum. rs of cotton have been surfeited with supplies during the pnst twenty months. In the cotton goods division of the dry goods molt tis ,i degree of indif ference on the part of buyers or per haps hesitano growing out of the tariff question, to say nothing of the fact That the’not unusual let-up In business at this season of the year is somewhat more in evidence. RANGE IN NEW YORK FUTURES. ceeded in depressing prices ns low us 11.87 for July contract. At that level, the lowest of the sea son, the market showed resistance and a report, which has been confirmed by The American’s correspondent that rep resentatives of Liverpool bouses in this market had been ordered to New York to take, up the stock there on May contracts, caused some reaction. Shorts covered freely, but when i l»c mai l.%i advanced to 11.93. professionals who hud been playing the long sLIe on the break took profits, checking tne upward ten dency. Notice day here, which was Friday, passed off without a ripple. About 1.200 notices for delivery on May con tracts were issued and were promptly stopped, hut bears who were counting on the heavy deliveries to he made in New York on Mays, sold aggressively. Now that it has developed that Liver pool interests will demand practically all the New York stock on contract, shorts in both that market and this are decidedly nervous over the situation. It Is estimated here that the short inter est ill July In New York is 1.000,000 bales. If the Liverpool interests ship out the New York stock, as it is reported they will do, the position of July shorts in that market would be precarious in deed, as that market, be Ini? 100 points under spot values in the South, can not attract cotton. Quotations in cotton futures: 1 i! I > s\ # o 1 *1 I »l O 1 *** j ^ i| ? J Ap 11 38 11.40 My 11.33 li.; 36 11. .29 11. 33 1 1 .32- 34 1 1.33-34 Jn 11.48 11. 4811. .48 11. 18 1 1 .47- 49)11.41-43 Jy 11.41 11. 46 11. 27 [11. 45 1 1 .45- 46) 1 1.39-40 Ag 11.3? 11.; 32 11. 23 11. 28 1 » .28- 29 11.25-26 Hj. 11.19 ill 19 11 in 11 18 11 .15- 17 11.13-15 « h 11.1.6 11 1.811 .98 11. 12jll .12- 13 11.12-13 Pc 11.16 n. IS 11 09 ill. 14 11 .1 1- 1611.14-16 Ja 11.12 ill. 12 11 .05 1 1 ,15 11 .11- 12 11.05-10 Mr 11.18 ill. 18 11 .18 11. .18 11 .16- 38 11.14-16 Ol osed Sir udy. LIVERPCOt COTTON MARKET. LIVERPOOL, April 26. This market \.. -5 doe. to open 3% points lower on July ami 2’ t>- 2% points lower on other po sitions, but. opened quiet and steady, at a net decline of 1 1 to 2% points front it e el esc of Friday. The market closed steady, with prices % to 1 points lawer t '■•( i Friday's final. Spot cotton quiet at 1 points decline; middling 0.73d; sales 8,00*1 bales, includ- 'ug 7,OOP American bales, of which 4,000 wen 11fade last yesterday; imports 12.000 bales: speculation and export 500 bales. Part receipts are to-day estimated ut 12,000 bales, compared with 9.513 bales last week, against 12,041 bales for the corresponding week last year and 15,101 bales for the same week the year be- iturc opened quiet and steady. < tpening I ‘rev Rang; Close Close April 6.47 -6. 18 6 48LY »;.4!~ April-Mm > 6.45 6.43 0.44 6.4 1 May-.lune 6.42 -6.41 6.43 Va 6.44 .Inne-Tifly 6.40 -6.43 6.41% 6.12% July-Auk. 6.36 1 L .-6.56 6.38 6.34 " -\ug.-Sepl. 6.26 1 . -6.26 6.28 6.29 Sept.-< >n. 6.1 I "-6.14% 6.13%, 6.09 1 •'» Oct.-Nos. 6.07 -0.06 U. /». 08' ^ 6.09% Nov.-De/ 6.05 -6.04 0.05% 6.06 1 2 Dec.-Jan. . .6.04 .0.03 6.04%. 6.05% Jan.-Feb. 6.05 y 3 -6.01 1 A ’6.03 16.04 % Feb -.Via 6.04 -6.03*;» 6.04% 6.05% Closed steady. NEW ORLEANS COTTON. NEW (dll,LANS. LA.. April 26.— Ignoring the possible injurious effects «>i th« recent cold wave in Texas, a killing frost having been reported nine miles north of Sun Antonio. Itearish interests hnv< continued their attack upon the cotton market and to-day suc- Open. High Low 1-ast Sale. rrt o u | ► c 12 U’J My 12.17 12.19 12.08 12 30 12 10 11 12 11- 12 Jun 12 04 06 12 05- 07 Jul. 11.97 11.97 11.87 11 90 11 90 91 11 92- 93 A’r 11.55 11.58,11.52 11 57 1 1 55 11 54- ;»7 Spt 11 28 29 11 29- 31 Oct 11.24 11.24 ii.ii 11 1*9 11 18 19 11 19- 20 Nv. 11 18 19 11 19- 21 Dec 11.23 11 .”3 11 If. 11 18 11 18 19 li 1!*- 20 Jan 11.23jll.23Tl.23 11 23 11 20 -21 11 21- 22 Fb 12 19- 2 1 11 19- 21 Ap 11 98 -12 ('lotted steady. SPOT COTTON MARKET. Atlanta, quiet; middling ll 3 j. Athens, steady; middling 12%. Macon, steady; middling 12c. New Orleans, quiet; middling 12 5-16 New York, quiet; middling 11.85. Philadelphia, quiet; middling 12.10. Boston, easy; middling 11.85. Liverpool, steady; middling 6.73d. Savannah, easy; middling 12%. Norfolk, steady; middling 12c. Augusta, steady; middling 12%. Mobile, steady; middling 12c. Galveston, steady; midling 12%■ Charleston, quiet; middling 12o. Wilmington, nominal. Little Rock, steady; middling 11%. Baltimore, nominal; middling 12V Memphis, steady; middling 12’,. St. Louis, dull; middling 12V Houston, steady; middling 12',. Louisville, firm; middling 12 V Greenville, quiet; middling 11%. Charlotte, steady; middling 12c. Estimated receipts for Monday; 1«) i::. ' 1912. New Orleans 700 to 1.700 2,656 Galveston 2,500 to ;;,500 2.877 THE WEATHER. Conditions. Washington. April 2e. The weath- er will be unsettled, with local rains to night or Sunday in the Atlantic States, the extreme upper Ohio Valley and the lower Lake region, while in tin- upper Lake region ami the Mississippi valley the weather will ha fair to-night and Sunday. Cooler weather will overspread the Eastern States to-night and Sunday. There will he frosts to-night in the up per Lake region. General Forecast. Forecast until 8 p. in. Sunday: Georgia Showers to-night or Sunday; •oler to-night and in southeast por tion Sunday. NEW YORK COFFEE MARKET. Coffee quotations: 1 Longs in May Wheat Shorten Their Lines Few Big Speculators Care to Take in the Actual May 1—Ar mours Sell Corn. tly JOSEPH F. PRITCHARD. CHICAGO, April 26.—There was a great “stir " in the camp of the May wl.< at longs to-day and their brokers wen ordered to continue their usual selling movement, with the price a sec ondary consideration. There art? few big speculators who care to take In the wheat and pay for it, with the risk of merchandising it later. Only those who have grain elevators at their back take in the grain. According to reports of leading cash house?; in i lie trade, there arc large quantities of Duluth wheat still to come to this market, and unless there is an improved demand for the grain, there v ill be additional liquidation during the month of May as well as some short selling of that future. The wheat situation abroad has been the leading hull help for several weeks. There were signs to-day. however, of further price recessions at Liverpool. The Antwerp market was lower, but tre i<- was a sensational price, gain at Baris, where there were advances of ;;-V, fo4%c for the day. The feature of the corn market was the heavy selling of July by the Ar mour Grain Company, possibly for a lafre interest in the East, hut prob ably in the way of hedging the actual corn. The cash situation not only at Chicago, but. elsewhere was lower. As in corn, the Armour Grain Com pany was a heavy seller of July oats, while the buying was scattered. The Northwest is selling oats for export and a cargo of 170,000 bushels was shipped from Duluth to the East last week. Miscellaneous holders were sellers of hog product# and prices declined In the absence of buying power. The weak ness In grain, as well as at the yards, were the influences. About the only buying noticeable was on investment account. CHICAGO GRAIN MARKET. Saturday's New York Stock Market The following tablo shows the highest, lowest, and closing prices of stocks sold on the New York Stock Exchange Saturday, together with the net change from Friday's close: Cl os. Net w. Bid. Ch’n* % 73 • V 24*a - 1 o STOCK— H iflh. Anial. Copper.. 733 4 Am. Ice Sec.. . 25''4 Am. Sup. Ref.. Am. Smelting.. 67'/,, Am. Locomo. 34' Am. Car Fdy. . 49 Am. Cot. Oil. . 45' 4 Am. Woolen . . . Anaconda 37' j Atchison 101 A. C. L 121 American Can. 33 5 i do, pref. .. 93 High. Low. Previous Close. Close kT— 92% 91^ 92 »2% 92% 91% 91% !'2M 91% 91 91 91% 55% 54 \ 54% o5', 55% 05% 55% 6f% 56% 56 56% 56 % •A% 34% 34% 34% 34% 23% 34% 34% 34 % 34 34% 19.67% 19.60 19.62% 19.77% 19.75 19.62% 19.67% 19.80 19.47% 18.12% 19.42% 19.57% 10.95 10.90 1.0.90 1 1.02% 10.87 % 10.80 10.8 2 % ' U\95 10.87% 10.82% 10.82’% 10.95 11.25 11.25 11.30 11.40 11.02% 10.95 10.95 11.07% 10.85 10.77% 10.77% JO.87% May July Sept * ’OHN May July Sopt (>ATS May July Sept CORK May.... >uly.... •Sept.... LARD May.... July.... Sent.... Ribs— May.... July.... Sept.... CHICAGO CASH QUOTATIONS. CHICAGO, April 2.6. Wheat, No. 2 r<d. l.0;%<b 1.09%; No. 3 red. 1.01 Ca 1.04: No. 2 hard winter, 91*1/93; No. 3 hard I winter, 9<)fd9i; No. I northern spring, 92 % fa-94 % : No. 2 northern spring, 91^ 93; No. 3 spring, 90G/91. Corn, No. 2, 55%; No. 2 white, 57%(f* 58; N.». 2 yellow, 56% @56%; No. 3, 54V 6/55 V?; No. 3 w hite, 36(0 56%; No. 3 yel low. 54% @55% . No. •!, 53 W" 51 >4 : No. 4 white. 55(0 56; No. 4 yellow, 53@54%. Oats, No. 2 white, 86% 36%; No. 3 white. 34%(&35; No 4 white, 33@33%; Standard, 35% (0 36. CHICAGO CAR LOTS. Following are receipts for Saturday and estimated receipts for Monday: Am. Beet Sug.. 30'/g Am. T. T Am. Aqricul. . Beth. Steel.. □ . R. T B. and O Can. Pacific... Corn Products % !/b 241% 242% *11 4 C. and 0 65*/2 Consol; Gas. . 130 Cen. Leather. 24* /2 Colo. F. and I. 33 Colo. Southern D. and H Den. and R. G. Distil. Secur.. . Erie do, pref. % 10'/ 4 - % % 64'A -1 129 24' 2 233/4 23% * Vo 33 33 32'/4 • Va 29 -1 157'/ 4 1571/4 137 Stocks Sell Lower, Banks Close Loans Illinois Central Not to Reduce Divi dend. Says Director—Bonds at New Low Levels. NEW YORK. April 26. A decline of from 1 to 7 points was recorded at the close of to-day's stock market. Closing out of margin accounts was the princi pal cause of the slump. Winding up of expiring partnerships was also believed o have played a prominent part in low ering prices. Another potent factor was the closing out of loans by banks, either for the purpose of protecting their own reserves or liecauie the shrinkage in the collateral value of the securities thov d necessitated it. The apparent pressure of long stock and a disposition among many short sellers to even up over the week-end •ausfKj a half-hearted rally. The traction stocks were weak, Chi- •ago and Northwestern, St. iv.ul, Great Northern and Northern Pacific were reely offered at lower prices. Reading (timed weak, losing IV- points. Sears- tocbuck dropped over 4 points. Steel was firm. The bond market this week followed stock market closely. Of 250 Indi vidual bond issues sold on the stock ex- mange list this week 85, more than a ird of the number, fixed new low price •ecords for 1913. The* dullness of stock speculation may be measured by the fact that there are about 200 less stock tickers In use in the financial district than a year ago. An Illinois Central director was quoted 11 Chicago to-day as saying the road would not likely reduce its dividend 011 the eve of the opening of the Panama Canal and certainly not on account of the flood loss. COTTON DEED OIL. NEW YORK. April 26.—The cotton s(c i oil market was active, with prices lower under liquidation for Western as well as lo^al accounts, induced by the weakness in lard. Cotton seed oil quotations: BANK CLEARINGS. NEW YORK, April 26.—Bank clear ings to-day $301,035,523, against $325.- 958,302 a year ago, a decrease of $24,922,- Ifii. Opening. Closing Spot 6.95'//7.25 April . 6.98 7.00 May . 6.9266.94 6.94^(6.95 June 6.94'/; 6.98 6.95(^ 6.98 July . 6.95(^6.96 6.96fa 6.97 August ... 6.9 9 (fi 7.00 7.02(?; 7.03 Septem ber . 6.99(^7.00 7,02Si7.03 October . 6,68(1x6.71 6.70(i, 6.72 November 6.46<£j 6.50 6.47^6.53 Closed steady; sales, 22.900 barrels. BAR SILVER. NEW YORK. April 26— Bar silver in London to-day was unchanged at 27 H-16d per ounce. To-day’s New York price was unchanged at 60%, and Mexican dollars were 48<q 52c. MAW A I CTO RPC NEW YORK. April 26. —Rosin common to good strained 4.75. Turpentine ma chine barrels 42. At Savannah, turpen tine 37%. Tar oil. barrels 5.50<7/5.75. NEW ORLEANS EXCHANGE PLANS $500,000 HOME NtOW ORLEANS, LA., April 26 — Den onstratlng its faith In this city and j, the future of the cotton business is hero the New Orleans Cotton Exchange at a general meeting of the membership unanimously voted to-day in favor the erection of a now Cotton Exclaim, 1 building Although the predem build ing i* the handsomest architectural! of Its kind in the. South, the need of a more modern structure is felt The new building will cost more th a half million dollars, and will be ? magnificent structure in every respect NEW ORLEANS RICE. NEW ORLEANS. LA.. April 26-The local rice market continues to rule quiet but steady. Quotations of the lead ini* grades are as follows; Honduras. Janac Standard 2% @5% ZKcav Straights 3%(^4 a%©3% Screenings 2%#3% 2%§3 Gen. Electric.. 138'/ a Goldfield Cons.. G. Western. . . 141 a G. North, pfd.. 126'. 2 G. North. Ore 333/4 Int. Harvester. II. Central.... 14% 33 3 4 138 1 V\ 2 14% .... 125'% -334 January. . . . Fwbruurj .... March. . * . . April May June July . . ■ August September. . . October. . . . November. . December. . . Closed steady. . opening i f lCfo I f 11.4iDi 11, 11.456U1. 10.90 11.00 11.Pcq 11. 11.22 11.39 11. IK® 11 11.42 11.44 Sail . 21,250 bags Closing. 44 11. HI foil 7- 36 n.47<frl 1.- ;s 11. *8 <111.; I 1.054/1 1.: 11..076 11. 20 11.13 (ft 11. 11.2 ::4i 11.: . 11.3:0111.: ll.43rd 11. 45 1 l.43?d 11.- 11.43 Vi. 11. 11.4401 II.- i Saturday.) Monday Wheat . . 54! 33 ( <»rn . . . 91 Oats . . 1ST 16’. Hnyy ... 1 9000' 43000 Interboro do, pref. ... Iowa Central.. <. C. Southern K. and T. do. pref. . L. Valley. . . L. and N. Mo. Pacific. . . N. Y. Central . Northwest. Nat. Lead N. and W. . . No. Pacific Penn 114'4 Pacific Mall P. Gas Co. . . 109 P. Steel Car Reading. Rock Island. . 21' 4 do. pfd. 30*4 R. I. and Steel 24 1{ W B4TO 59 -1 155% 155'/ 4 *2/4 •P/a 133'/ a 131% 36'/2 36' * 101»/ 2 100% 101'/ 4 - % 129'/4 12774 127% *1'/4 49 49 132 3654 49 104 7 a 104% 1041/2 115 114'/„ 114 114' a 114 24 109 109 24 161% 159% 160 21 35 24 833/4 98% 24% *1% % 21'/4 35'/2 233,4 83% 9814 * '/♦ 24% - 1 4 106% - % 34 3 -4 * % ST. LOUIS GRAIN. ST. LoCIS. April 26. -Grain markets casin'. Cash No. : red wheal 1.09(a ICC., No. 2 corn 58 @58%, Ny. 2 cats • % OUTSIDE SECURITIES. NEW YORK, April 26. Further liqui dation was shown in the market for out side securities to-day, with the indus trials tlu* worst sufferers, (’lose: Hay State Gas 3-16(d %, Hr. American Tobac co 21 % (q 23%. Standard oil 10.50'//11.00, Hr. Col. 2 l N(d2 7 H. Con. Ariz 3-10:</ 5-i6, Davis Daly D 2 5-L6. Giroux 1 ■, •/< 1 12-16. Mexican 6%'a6%. Kerr Lake 3 3-16^3%, Li Rose 2% f/i‘2%, Vle.Dar 1 15-16 fa 2. Nipisslng 8%'</!*. Ohio Popper % to 1. Tor.opah extra LVgtf/-2%. Pnited Copper %'//%, Pnited Popper preferred 8 1 *> Oi 7, Yukon 2%(b 2%. MONEY AND EXCHANGE. NEW YORK. April 26. Money on call nominal; no loans; time loans easy; six ty and ninety days 4 per cent, six months 4%. Prime mercantile paper 5% '//6 per cent. Sterling exchange steady with actual business in bankers’ bills at 4.8350 for sixty-day bills and 4.8675 for demand. Commercial bills 4.83'j. LIVE STOCK. PI LIP AGO, April 26. Hogs Receipts o.ooo. Market 10c lower. Plioice light. S.!'( </!•.»■•», ligiit mixed 8.85CO 8.95, prime light butchers x.75(fr8.90, prime medium butchers S.70f/;X.85, prime heavy butch ers 8.7 0/ 8.xo, heavy packing 8.50'// 8.65, mixed pai king s.55^/8.70. Puttie Receipts U’c. Market steady. Good to choice steers 8.60v'(/ 9.10, fair t<» lmi <i Hlc' i s 7.251/8.60, fair to choice veuh rs S.50'/; 9.25, heavy calves 7.25'/; h.00. feeding steers 7.25%/8.10, Stockers 6.50(q I.75. Sheei> Receipts 700. Market steady. Fed yearlings 7«/8.i5, native lambs 8.60 f/;N.7.'>. fed lambs X.60(/; 8.90, clipped lambs 7.25'p 7.95, native yearlings 7 a 8. feed ing lambs 7.59(a 8.00, goo»i to choice wethers 6.5 Ox-7.60, good to choice ewes 6.254?'7.00. ST. L<»PIS, April 26. Cattle Receipts 200, including 100 Texans. Market steady. Native beef steers 5.75'/; 9.00, cows and heifers !.50@8.75, Stockers and feeders 5.:'5<£».R.00, Texas and Indian steers 0 250/ 8.50, cows and heifers 4.00® 7.00, calves in car load lots 5$; 6.50. Hogs Receipts 3,500. Market steady. Pigs and lights 7C//S.90, tnixe<l and butch ers 8.75 »i 8.90, good heavy 8.65'/; 8.75. do. pfd. . . 83 So. Pacific . . 99 So. Railway. . 25 St. Paul. . . ■ IO714 106 Tcnn. Copper Third Avenue 34', 8 Union Pacific. 1BV/2 149% 149'/2 U. S. Rubber 61 Utah Copper . 52% 51 4 U. S. Steel . 60% 60 ! a do. pfd.. 108'/a 10S V. -C. Chem. . 31' 2 31' /2 W. Union. . . 65% 65% W. Electric . . 62' 2 62% W. Maryland Total sales, 313,000 shares. NEW YORK BANK STATEMENT. NEW YORK, April 2G.—The weekly statement of the New York Associated Banks shows the following changes: Average statement: Excess cash reserve $16,435,000; de crease $2,106,300. Loans, increase $26,092,000. Specie, increase $3,401,000. Legal tenders, increase $2:1,000. Net deposits, increase $25,690,000. Circulation, increase $93,000. Actual statement: Loans, Increase $39,174,000. Specie, increase $1,173,000. Legal tenders, $2,845,000. Net deposits, increase $39,701,000. Reserve, decrease $3,994,150. MINING STOCKS. BOSTON. April 26.—Opening: Giroux, 11 11-16; Boston Elevated. 95%: Greene- Pananca, 6%; Kerr Lake, 3%; Wolver ine, 61. Free Theater Tickets FOR READERS OF and The Atlanta Georgian Commencing Thursday, May 1 st, and concluding Sunday, May 4th, a Free Theater Ticket Coupon will appear daily in The Georgian and in Hearst’s Sunday American. These will be numbered consecutively,- and the set of four will be redeemable at our office, 20 E. Alabama St., for a ticket admitting the holder to one of the performances of the Miss Billy Long Stock Company, now playing at the Atlanta Theater. No Restrictions-No Guessing Contest- No Effort ol Any Sort Required A Theater Ticket Free for Every Set ol Four Coupons Presented Firs! Coupon Appears Thursday, May 1st Final Coupon Appears Sunday, May 4th WATCH FOR THEM-SAVE 4 COUPONS-and see a really capable company in a high-class play at our expense. HEARST’S SUNDAY AMERICAN AND THE ATLANTA GEORGIAN A Gripping Story of Adventure, Intrigue and Love Begins In The Georgian Next Wednesday N THE LAW By MARVIN DANA. Being a Novelization of the Famous Play of the Same Name by Bayard Veiller. This is unquestionably one of tbe strongest stories ever written, it challenges inter est from the very beginning. Once you start it. your interest in it will not cease until you have read to the end. In “Within the Law” the Limit is Reached. Here’s what one enthusiastic critic says of the story : " Sherlock Holmes,' ' Raffles' and Ukboriau are but steps in the progress of this lype of story. In ‘Within the Law' the limit is reached." Just a Glimpse Into the Theme of trse Story. A brief synopsis will give you an idea of the thread of heart interest which runs through this powerful story. Alary Turner, an, innocent shop girl, is convicted of stealing. She is "sent away for three years as an example to the other girls. She lays the responsibility for the stealing at the door of the proprietor of the store who pays star- vation wages. The law can be molded to suit the wishes of the rich and once out of jail she lays her plans accordingly. Sur rounded by a baud of clever crooks she soon becomes very rich because she is acting Within the Law. In a spiril of revenge she marries the son of the man who wrecked her life. Young Gilder is madly in love with her and she soon finds herself in love with him. The police and boy's father use every means to disillusion the young man and in the end o'nlv “Joe” Garson's confession of murder saves her. A More Powerful Plot Was Never Conceived. The Action is Raoid and Sustained Remember: This Great Story Begins on the Magazine Page of the Georgian Next WEDNESDAY :: Opening Installment •• mtmmatmamm ■jtMMnhfrnr.iFi/iiilis ■