Below is the OCR text representation for this newspapers page.

SHORT MB STEADIES GDTTON Buying of Old Crops by Spot Houses Principal Feature—Of ferings General. NEW YORK, July 12 —T'he cotton market was quiet at the opening of the -tton market to-day and first prices were 1 to 5 points higher than Friday’s ual. The demand from shorts who de s:red to even up for the week-end. When • s was supplied prices eased off a points. T he Liverpool market was ( : sed and was responsible to some ex tent for the quiet market here. Spot houses again purchased summer ; sitions quite freely. One large spot . ,ker started the market on an up vard scale shortly after the call by 1 Iding aggressively for large blocks of i.w crops, but bought little. The sell jig was mainly attributed to Wall Street and the uptown crowd. The weather map was favorable, showing rains over the greater part of r e belt, with lower temperatures and ntiment against the market. Two of the largest local operators have covered since Tuesday about 50,- bales of short cotton, and now the market has reached the point w’here 1: is practically in the hands of certain b.g interests, who are trading this and that way merely for small turns for dping operations, pending further de velopments in connection with the ulti mate outcome of the bull deal in July- * ;gust. These two options for the past two weeks have‘governed new’ crop po .< ’ions as well as operations. The out- ■ ■•me of the Clarke amendment is also killing off business. At the close the market was steady with prices at a net gain of 1 to 5 points from the final quotations of Friday Warehouse stocks in New York to • y is 37,301 bales; certificated, 31,199 bales. Estimated cotton receipts: Monday 1912 New Orleans 250 to 500 676 3ANGE IN NEW YORK FUTURES. c jc I < I ■ i v ® IV O) I« V g £ ? i £ t n 5 ~ | o 1 I J I I o 0.0 111 12.07 12.10 12.07 12?09 1'T06d)7”12~.02~03 'g 112.06 12.10,12.05.12 06 12.06-07 12.05-06 Sp 111.66-67|11.64-65 ()c ;i1.44 11.49 11.42 11.45 11 44-45 11.42-43 No ]| 11.34-36 11.32-34 De 1 1.36 11.40 11.34 11.36 11.35-36 1 1.34-35 lan 11.32 11.35:11.29 11.31 11.30-31 11.28-29 Feb ,|il 11.31-33 11.29-31 Mr 11.40 11.41 11.38 11.38 11.38-39 11.37-38 My 11.45 11.45 J 1,45 11.45 11.40-42 11.40-42 HAYWARD & CLARK S DAILY COTTON LETTER NEW ORLEANS, July 12.—Further u »od and rather general rains occurred iuring the past 48 hours in the eastern df of the belt. Precipitation was heaviest in Tennessee and North Ala bama. Temperatures were lower in North Texas. European political news was a little more cheerful, expressing the hope of • urly peace, but financial views con tinue pessimistic, owing to fear of 'wavy financial losses in connection with the Balkan war. Our market wgs inclined to ease at t! e start on the favorable weather pros pects, but open bidding for ~uly by the i •ntrolling interests checked selling on the belief that screws might be turned 1 ■ n July. The bidding by these inter- 1 ests reflects the view that it is getting 1 o late tc bring cotton here to spoil the July squeeze by tenders. The Times-Democrat’s monthly report : will appear Monday. It is expected to be favorable except for a tendency to give special prominence to the weevil danger. The market ruled steady during the i a iy session around 11.45 for December. * RANCE IN NEW ORLEANS FUTURES | • |s|i =i j I f j I O II I J 0) O j Q.U Ju1~|12.42 12.44 12.42 12.42 12.43-45 12.41-42 Ag 111.99 11.99 11.99 11.99 11.98-12 11.98-I'9 ' Sp I 11.58-60 11.56-58 Oct i 11.49 11.51 11.45 11.48 11.47-48 11.47-48 NO 11.45-47 1145-47 Dec 11.46 11.49 11.43 11.45 11.45-46 11.45-46 Jan 111.48 11.49 11.45 11.47 11.47-48 11.47-48 Feb ‘ 11.44-46 11.44-46 Mr i 11.56 11.56 11.54 11 54 11.56-57 11.56-57 Closed steady. SPOT COTTON MARKET. Atlanta, nominal: middling 12%. Athens, steady; middling 11%. Macon, steady; middling 12%. New’ York, quiet; middling 12.30. New Orleans, steady; middling 12 7-16. New York, steady; middling 12.30. Philadelphia, quiet; middling 12.55. Boston, quiet; middling 12.30. Liverpool, holiday. Savannah, steady; middling 12c. Augusta, steady; middling 12%. Norfolk, quiet; middling 13 3 «. Galveston, steady; middling 12%. Charleston, nominal. Mobile, steady; middling 12c. Wilmington, nominal. Little Rock, steady; middling 12c. Baltimore, nominal; middl . g 12%. Memphis, steady; middling 1.2%. St. Louis, quiet; middling 12 5-16. Houston, quiet: middling 12 3 16. Louisville, firm; middling 12%. Charlotte, steady; middling 12c. Greenville, stealy; middling 12c. INTERIOR MOVEMENT. ~ ‘ 1913 | 1912. Houston 497 I 52 Augusta’ 129 28 Memphis 186 528 St. Louis 230 97 Cincinnati. L _.. 296 J 41 ~ Total.l 1~,338 I 746 COTTON MARKET OPINIONS. Logan & Bryan: "In the event of : adverse crop news sharp rallies are likely to ensue." Morris H. Rothschild & Co.: ‘‘We ; continue to recommend conservative purchases for investment.’’ George F. Jones & Son: “Think the market a purchase on all declines for small profits." A. Norden & Co.: “We ffrvor buying on any slight reaction." THE WEATHER. Conditions. \\ July 12 There will be thunderstorms to-night or Sunday in the South Atlantic and East Gulf States ami to-night in the lower Lake region, followed by fa*r Sunday. In the upper Lake region, the Great Cen tral Valievs and the West the weather : will be eren.-rally fair to-night and Sun day. It will be somewhat copier in the . Ohio and upper Mississippi \ alleys and ‘ in the lake region. Storm warnings are displayed on the Great Lakes. General Forecast. Georgia—Showers to night or Sunday. Virginia—Thundershowers tonight or Sunday. .. North Carolina, and South Carolina- Showers to-night or Sunday Florida—Local showers to-night or . Sunday, except fair in northwest por tion. . „ „ Alabama and Mississippi— Generally fair to night and Sunday. Tennessee —Generally lair in the we>., showers in east portion to-night or Sun day. Louisiana Fair in north ano showers in southeast portion to-night or Sunday. . , Texas—Fair to-night andJSunday. BAR SILVER LONDON, Juh 12—Bar silver steady at 27 1-161. „ . . • NEW YORK. July 12. Commercial ; bar silver, 58%, Mexican dollars, 4<c. ; COTTON GOSSIP : X&e.X SSSS ‘ n '*" rests ' Wall Street and up i new cr.T. U M ar r thou|rht to bare sold -1 ihe close gW Andefs< r n'’ f Cr ° P aroUnd x‘To?; fee,,nß ,h,s • ♦ • wither are P£ ed t I*ons 1 *ons for favorable days. h r lhe belt for the next few ♦ ♦ • Around the close yesterday Geer M , cF : nany ’ Hubbard, Hinn’ ,l art . cor P and Seidenberg were among Hk-ks a bu rs Riordam Fa™?* principal sellers M » n tgon>ery were the ♦ • • Senator Smith, of South Carolina has introduced a bin providing for Govern and t ~oniH n,lar : l for grades of cotton Kbit h, u r ’ n s futures contracts to be scad* specified in contract, bv tn cdered favorably reported hm 1?® i ? Pnate s sub-committee. The ton J" nver come objections of Cot [° the P n, posed tax on future transactions and docs not fix a cotton 5 fOr ,ailure to deliver actual * * • Dallas wires: ‘Texas-Clear. Okla homa—Partly cloudy; rain at Cushing " , Memphis, raining 7 am., bilk SV'L Orleans, Knoxville, 98; Mo llie, ,0. Meridian. ,fio; Montgomery. .01; ’n,‘ c 1 48: '-'hattanooga. .96; Atlan Pai.Yih ba X an " ah ; 34; Wilmington. .16; Raleigh, .36; Jackson, Miss., .48; Bir mingham, Ala., .70; Anniston, .22; Gal veston, .24. Following Is the statistical position of cotton on l-riday. July 12. as made up b> the .Yew lurk Financial Chronicle: This Last Last I Week. | Week. Year. Visible I | - - . Supply . 3,082.555 3,322,1011 2,980.170 American.. 1,747,555 1,968,101 2.028,170 In Sight. ' „."'eek 69,552 57.530 63,100 blnce ■ , Sept. 1... 13,281.073 13.204.125115,733.263 Port Stocks 207 713 276 869 ->6O Port Re pts 21.448 19,555, | Exports . . 32.041 43.884 33 587 nt. Re'pts 12.288 12.877 11 393 [nt. Ship'ts 29.179 28.206 18,968 Int Sinks 192,537 2:2,269 136,640 CtRLEANS. July 13. Hayward *y < lark: The weather map was verv favorable, cloudy ever entire belt, with general rains in eastern half, heaviest in knnessee and North Alabama, where most needed. Cooler in west. Indica tions are for partly cloudy to fair in the Atlantic's; possible some scattered , showers. Cloudy in central and west ern States, with cooler weather and showers coming on Toxas over Sunday. Clearing and cooler in Oklahoma and Arkansas. • • • J. B. Turner, of Memphis, has the following on the condition of the cot ton crop for the week ending July 11: "The week was a normal and hence a favorable one for the season. Tempera tures were quite high over a great part of the belt, but toward the end were materially moderated. Generally speak ing, there was an abundance of moisture in the soil, and hence the cultivation was near perfect. The plant stood ihe excess of temperatures quite well and continued its growth and fruiting in a satisfactory manner. There is no strik ing change from the conditions of one week ago and this of itself is a favora ble item. “Little or no rain fell in Texas and Oklahoma, where already the supply of moisture was abundant, while down the Mississippi Valley there were many showers and locally heavy rains, which relieved an incipient drouth and set the cotton to growing rapidly. Showers fell also in the eastern States and were of benefit. As a whole, more rain in Ala bama and States eastward would be de sirable, though not necessary at this time. “In Eastern Texas, Louisiana and Mississippi, weevils are more numerous than in several years, and their ap pearance has aroused the planters’ alarm. As yet their depredations have been quite limited.” • ♦ • The Times-Democrat monthly crop re port is expected Monday. We think it will be favorable except for giving the boll weevil danger the usual prominence. ♦ * * Official Texas records show an aver age for the State of 98 degrees; three stations show 100; nine stations 102; one station 104; and one station 106. The maximum average for Oklahoma is 102. * • • Galveston will get a new bale to-day from Patricio. Texas, the same date as 1 last year. New’ bale here from San Benito, consigned to John M. Parker & Co., will be sold at auction to-day. « ♦ ♦ The Government advises Corpus Christi, Texas: “Small craft warning. Disturbance over Southern New Mexico moving eastward: will cause brisk to high northerly winds to-day and prob ably Sunday ’ ♦ ♦ ♦ The first new bale was sold here at auction for 16 cents; it was bought by E. Christ. Grain Notes The Chicago Inter Ocean says: “The wheat bears have the best of it. Hedg ing business is coming into the market, making it safer for the short seller than at any time within a year. Sentiment has become excessively bearish, and it would not be surprising to a majority to see lower prices, although the best traders are looking for irregular de clines. "Corn specialists attributed the break of 1% on September yesterday, making a drop of almost 4 cents from the re cent high point to unloading by longs. It is noticeable that sharp traders, who were long, have unloaded their pur chases on bids. Traders said they would not be surprised to see a rally some day, but believe corn should be sold on all bulges. "September oats dropped below 40 cents yesterday with stop orders selling sufficient to carry prices to 39%. Those who have watched the market closely for two weeks say there has been a steady unloading by longs and a de crease in the outside buying. The liq uidation. however, is not regarded as over." • • * Bartlett, Frazier & Co. says: “Wheat— Offerings from the country are somewhat lighter, but local sentiment is bearish and new speculative buying from the outside does not come in. “Corn —The rains this morning are likely to cause further selling, although liquidation was on a liberal scale yes terday. Cash prices do not show as much* weakness as the future, owing to moderate receipts and scarcity of offer ings from first hands “Oats— There is nothing new in the situation, except that receipts are some what smaller ami cash inquiry a shade better. Sentiment is very bearish, and, as in the other grains, outside buying is extremely limited. “Provisions Hogs under estimates with hog prices at yards steady to 5c higher." Rainfall and Temperatures in Grain Region: Canadian Northwest cloudy. .42 to .58. Femonton, Swift Current, Winnipeg. 06: Calgary, .94; Battleford, 42: Regina, raining. 1.10: Northwest, part cloudy. .48 to .64; Williston, Huron, .08; Devils Lake. Bismark. .01; Moose head. .20; Duluth. 1.20; West generally cioudy. .54 to .70; Omaha, Davenport, .02: Sioux City. 04; Des Moines. .86; Charles City. .96; Dubuque, 1.08; Spring field. .14: Southwest part cloudy, .62 trt 76: Dodge City. .10: Wichita, .01; Kan sas City. .58; Springfield, .84; St. Louis, .50: Ohio Valley cloudy, .70 to .76; Cairo. .07; Evansville, 34; Cincinnati. .42; Indianapolis. .16: Columbus rain ing: Louisville raining. .36. • « * Think wheat, corn and oats al! have bad break enough. Would cover shorts and wait for a rally before selling again—KoycrofL ] isrammi hi i PRICE OF STOCKS j j Good Crop Advices and Easier i Feeling Abroad Encourage p Better Active Bidding. I’ By CHARLES W. STORM. NEW YORK, July 12 —A higher range of prices was established at the open -5 ing of the stock market, although busi . ness was very quiet. Canadian Pacific e began 2% higher at 213%, but afterward shaded. There was no change in speculative s conditions ami the gains which were - recorded were chiefly due to a change i in position on the part nf the specu ? lative element. Finding bear operations fruitless, the professionals turned bull -1 ish. ? Vnion Pacific advanced % and some of the other gains w«re: Amalgamated i Copper. %; rnited States Steel, %; i Reading. %; Lehigh Valley, %; Erie, %: 1 American Can %, and Chesapeake and Ohio, %. The curb was quiet. Americans in London w*ere dull, but ruled above New York parity. The market closed strong. Govern ments unchanged; other bonds steady To-day*s New York Stock Market f > Clos. Prev. STOCK— High. Low. Bld. Close. Amal. Copper. 64'4 64? e 64' a 63'/ a ) Am. Agrlcul 44' 2 44' 2 ‘ Am. Beet Sug 21«/< 21 '/ 4 , American Can. 27' 2 27’/ a 27% 27'/a do, pref 86 86’ 2 • Am. Car Fdy 41% ( Am. Cot. Oil 35’ 2 35'/> : American Ice 19’ 2 I>’/ 2 : Am. Locomo 28 28 j Am. Smelting. 61’/< 61 61 60% . ' Am. Sug. Ref 107 107 • I Am. T.-T 126% 126% : Anaconda .... 32% 32% 32' 4 32 • Atchison .... 95’ 2 95'% 95' 4 95'/ 2 A. C. L 115 115 1143 4 114% ' B. and 0 93 92% 92' 2 92)/ 2 1 Beth. Steel.. 29 29 28'4 26 B. R. T 86' 2 86'i 86'4 86'4 Can. Pacific.. 214% 213% 213'4 211% Cen. Leather 20% 20% C. and 0 52 51'/ t 52 51% » Colo. F. and 1 27% .... Colo. Southern 31 30% Consol. Gas . 129% 129 129% 129 Corn Products. 9% 9% 93 4 t% D. and H 152 152 Den. and R. G 15% 15% • Distil. Secur 12% 12% Erie 25% 24% do. pref 38’4 38% Gen. Electric 138 138 G. North, pfd 122 121 3 4 G. North. Ore. 31% 31% 31' 4 30% G. Western 12% 12% ‘ 111. Central 111% 111 Interboro 14% 143 4 ' do, pref. .. 55 55 54’ 4 54% | Int. Harv. (old) 102% 102% . lowa Central 77 ’ K. C. S.. . 25% 25% 253 4 25 3 4 M. K. and T 20% 20' 8 do. pfd 54 55 L. Valley . . 145% 145% 145'2 145 ! L. and N 131 130% Mo. Pacific 30% 30% 29' 2 29' 2 N. Y. Central 95'4 95% Northwestl27 127 Nat. Lead 45 45 N. and W. . 103 103 103 1023 4 ; No. Pacific . 106 105% 1053 4 105% ‘ O. and W 28'4 28' 2 Penna. . . . 111% 111% 110% 111 Pacific Mall 18 18 P. Gas Co 109 109 . P. Steel Car 22% 22% Reading . . . 157% 156% 157' 8 155' ? R. I. and Steel 18 3 4 18% 19 18% ! do. pfd 76 76 i Rock Island 15% 15 do. pfd.. . 25% 25% 25'4 25 S. Sheffield 22 22 ! So. Pacific . 913 4 91% 91% 90’ 4 So. Railway. 203 4 203 4 20% 20% ' do. pfd 74 73% St. Paul . . 102% 102% 102'4 102 Tenn. Copper 28% 28% 28% 273 4 Texas Pacific 3% 13% Third Avenue 30 30' 2 Union Pacific. 145% 145% 145% 144% U. S. Rubber 60% 59 U. S. Steel . 52% 52% 52% 52% do. pfd.. . 104% 1043 4 104'4 104% Utah Copper. 42' 4 42% 42% 41% V. Chem 23% 23% Wabash . . . 2% 2% 2'4 do. pfd.. 6% 6% 6% 6% W. Maryland 36 36 W. Electric 56 57 W. Central 41 42% Total sales. 44,100 shares. NEW YORK BANK STATEMENT. ; NEW YORK, July 12. —The weekly statement of the New York Associatetl Banks shows the fobowing changes: Average Statement. Excess cash reserve, $19,409,650; de crease, $7,064,000. Loans, increase, $1,223,000. Specie, decrease, ■•‘10.564.000. Legal tenders, increase. $2,763,000. Net deposits, decrease, $2,026,000. Circulation, increase, $283,000. Actual Statement. Loans, increase, $10,313,000. Specie, decrease. $1,382,000. Legal tenders, increase. $7,262,000. Net deposits, increase. $17,882,000 Reserve, decrease, $541,400. MONEY AND EXCHANGE. NEW YORK. July 12 —Nothing said in money to-day. Posted rates: Ster- 1 : ling exchange. 484'0 487%, with actual I business in bankers’ bills at 486\ for demand and 483 for 60-day bills. STOCK GOSSIP The New York Financial Bureau says: “We would buy the standard is sues on recessions with the intention to take trading profits. Information chan nels are friendly to the stork list. Ir- ! regular and narrow fluctuations may be j seen to-day.” The trainmen and conductors’ com- | mittee of 1,000 will meet to-day to ratify the Eastern railway vote. Trade reports show that conserva tism in business circles is still mani fest, owing chiefly to the tariff legisla tion. I Twelve industrials declined .11; 20 I active rails declined .15. Although the market continues dull, with few changes in prices, there are many bullish factors in the situation That are being ignored, which later in ’ the season will have a beneficial effect 1 on values. We believe stocks conserva ; tively a< cumulated around this level will j : in a reasonable time show satisfactory k profits.—Potter. THE ATLANTA GEORGIAN AND NEWS. Hester's Weekly Cotton Statistics Secretary Hester’s weekly New Or- I leans cotton exchange statement, of the ' movement of cotton, issued before the close of business Friday, shows an in crease in the movement into sight com , pared with the seven days ending this date last year in round numbers 4.000, an increase over the same period year before last of 1.400 and an increase over the same time in 1910 of 6,000. For the eleven days of July the tota's show an increase over last year of l,00(>. an increase over the same period year » before last of 23,000, and an increase over the same time in 1910 of 20.000 , For the 314 days of the season the I aggregate is behind the 314 days of last year 2,185.000, ahead of the same days ‘ year before last 1,763,000, and ahead of - 1910, 3,265,000. ’ The amount brought into sight dur ing the pas; week has been 29. 22 bales ' against 25,293 lor the seven days end ing this date last year, 15.178 year be fore last and 23.015 same lime in 1910. ■ and for the eleven days of Jmy it has 1 been 46.847. against 45,869 la u year, • 23,956 year before last and 26,840 same ■ lime in 1910. ' The movement since September 1 shows receipts at all United States ports 9,737,660, against 11,898,521 last year. 8,535.853 year before last and 7,208,528 same time in 1910. Overland across the Mississippi, Ohio and Potomac Rivers to Northern mills and Canada 968,371. against 1,247.924 last year. 926.714 year before last an I 805,739 same rime in 1910: interior stock in excess of those held at the close of the commercial year 91,159. against 49,406 last year, 40,644 year before last and 28,102 same time in 1910; South ern mill takings 2.637,999, against 2,423,143 last year, 2.168.016 year before last and 2.123,515 same time in 1910 These make the total movement for the 314 days »f the season from Sep tember 1 to date 13,434.190, against 15.618,994 last year, 11,674.227 year be , fore last and 10,168,884 same time in ' 1910. Foreign exports for the week have been 32.179, against 30,110 last vear, making the total tl us far for the sea son 8.374.190, against 10.292.912 last year, ! a decrease of 1.918.722. Northern mill takings and Canada , during the past seven days show a de crease of 5,645. as compare<l with the corresponding period last year, and their total takings since September 1 I have decreased 384 154 The total tak- I ings of American mills. North. South and Canada, thus far for the season have been 5.042.297. against 5.179.674 last year. These include 2,326,111 by Northern spinners, against 2,710,565. Stocks at the seaboard and the 29 leading Southern interior centers have , decreased during the week 38,309 bales, against an increase (hiring the cor responding period last season of 35,529 and are now 45,134 smaller than at this date In 1912. Including stocks left over at ports I and interior towns from the last crop < and the number of bales brought into sight thus far from the new crop, the 1 supply to date is 13,798,903. against 15,905,968 for the same period last year. World’s Visible Supply. The world’s visible supply of cotton shows a decrease for the week just closed of 134,500,“ agalnsi a decrease of 210.760 last year and a decrease of 145,- 005 year before last. The total visible is 3,094.926, against 3.229.426 last week, 2,976,569 last year and 2.087.211 year before last Os this the total of American cotton is 1,741,926, against 1,865,426 last week. 2,014,569 last year and 1,113,294 year before last, and of all other kinds, including Egvpt, Bra zil. India, etc . 1.353.000, against 1,364,- 000 last week. 962.000 last year and '.’74 000 year before last. The total world’s visible supply of cotton as above shows a decrease com- I pared with last week of 134.500. an in- i crease compared wit’.) last year of 118.-' 357 and an increase compared with year I before last of 1.007,632. Os the worlds viable supply of cot-' ton as above there is now afloat and j held in Great Britain and continental! Europe 1.752.000, against 1.894.000 Ja«t , year and 1.208.000 year before last; in I Egypt 101.000. against 75 000 last year, I and 83.000 year before last; in India 860.000, against 588.000 last year. an.l 529.000 year before last, and in the • United States 382.000. against 420.000 last year and 267.000 year before last World’s Spinners’ Takings. The taking of American cotton bv spinners throughout the world as fol low--. in round numbein: This.week 152 000 this year, against 195.000 last yea*-. 105.000 year before las*. Total since September 1. this vear, 1.3 044,000. against 14 388.000 last year, and 1’ 326.000 the year before Os this Northern spinners and Canada took 2 326.000 bales this year, against 2,711.000 last year, and 2.056.000 ti e xear before; Southern spinners 2.716.000. against 2.469.000 last year, and 2.212.000 the year before; and foreiem svdnners , 8 oo?.ooo pgainst 9,208.000 last year, and i 7,058,000 the year before. LIVE STOCK MARKET. P, CHICAGO. July 12. Hogs— •Receipts. L’ ♦LSOO. Market 5c higher mi>:<-H n butchers. 9.15; rough h'avy. 8 50(178.75; light. 8.8.1,. 25: pigs. 7 €.■»'</ 9 05; bulk. 8.85(u 9.15F7 Cattle Receipts. 200. Market steady/ beeves, stockers and feeders, 6.25 < u7.!'Q Texans. calves x. 7010.50 Sheep—Receipts. 2,000. Mark#S •strong; native and Western,. 3.25 U; 5.0 f ST. LOUIS, July 12 Sattic RecelJjSi 400. including “00 Southerns Ma'W steady. Native beef steer-- ’O'"X 7^... 'cows and heifers sn»ck< (» el and feeders. tO L’S*?/8.10; cows and h< \., ers. $4 25*7/6.50: calves. $5(7/6.50 , Hogs—Receipts 1.700. Market 5c 1... 10c higher. Mixed. s9.lofu 9.25; gq Lpi $9.10*?/9.20: rough. $8,607/8.75: ligl $9,107/9.25; pigs, $7 257/8.75; bulk, s9.f <• 9.20. Sheep Receipts 500. Muttons. M j (7/4.27; yearlings, $5,091/6.25, lati Tl u J NEW YORK COFFEE MARKET NEW YORK. July 13 -The coffee P ket opened steady to-day at an ad4 p ' of 3 to 10 j oints on European bfg I r and scattered covering, the rallyf tracting <<-iisi<!etahie realizing by/al pro buyers oft! e earlier part of th/' (k. and son e positions reacted durinpe morning j ing I cat MINING STOCKS. Jhe BOSTON. Jmy 12 Opening: lumne, Ik; Grene-Cananea, 7>%| r *s- r ' ton and Maine. 58%: Kerr .* Boston Elevated, 88%. "’it LOWRY iATIONAL BANK Capita $1,000,000 | Surplus $1,000,000 “ Savings Departmf Safe Deposit Boxes CHCAGO! 1 _ CHot OF routes fswragl l A XbJ ANDOOD SERVICE KS&JI R I - I -J J ■JTFEKOEBIN CEREAL DECLINE General Rains and Absence of Speculative Buying Cause of Heavy Liquidation. CHICAGO, July 12. — Wheat was %c lower at the opening this morning on further fine rant which covered the entire spring wfieat country in the Northwest. Th»re were some rains in the winter wheal belt, which possibly may delay the Movement for a day or two. The official report on wheat crop of France shovf the condition to be 3 points higher f r winter and 2 higher for spring thah July 1 a year ago Northwestern fceeipts were moderate. Corn was to %c lower on rains where needed/throughout the belt. Oats were %c to %c in sympathy with lhe othel grains. Provisions sere firmer and higher. Grain quotations: Previous l|gh. Low. Close. Close. WHEAT—/ July 81% 85 85 87 Sept 8% 86% 86% 88 Dec ‘9O 90% 91% CORN— ( July 3% 58% 59% 59% Sept 4% 59% 59% 60 >4 Dee 5% 55 56% 56% OATS— . July 5% 37% 37% 58 Sept > 38% 38% 39% Dec 0% 39% 40 40% PORK— July... 23 D 21.77% 21.85 21.75 Sept.... 21. k% 21.00 21.02% 20.95 LARD— [ July... 11£ 11.60 11.65 11.65 Sept... 11/7% 11.67% 1172% 11.72% oct 112% 11.75 11.77% 11.80 RIBS - July... 11 5 11.60 11.65 11.75 Sept.... 117% 11.75 11 77% 11.80 Oct 11|7% 11.52% 11.52% 11.60 CHICAO CASH QUOTATIONS. CHICA<>, July 12.-Wheat, No. 2 red, new, »%; No. 3 red, new, 85<//85%; No. 2 han w inter, 87(4/88; No. 3 hard winter, No. 1 northern .spring, 91192%; No. 2 northern spring. .v'i/91%; ;o. 3 spring, 80(1/81. I Corn, N. 2. 60%; No. 2 white. 61%; .No. 2 yellF. 60%; No. 3, 59%(i/60%: No. 3 white. J)%(?/ 61; No. 3 yellow. 60%; No. 4, 58®9; No. 4 white, 59%(7/60; No. 4 yellow, f </59. Oats. X 3 white. 38%; No. 4 white, 37 % (j/ 38; landard, 37 % (7/ 38. (HICAGO CARLOTS. Fallown.’ are receipts for Saturday and esti/ated receipts for Monday, jI Saturday.! Mondav 1 Wheat 122 1 123 I 1 <’orn . 141 j 8’» | j 1 Oats . 148 95 Hog; , 6.500 36.000 T | LIfRPOOL GRAIN MARKET. ( LIVtPOOL, July 12.—Wheat closed • % to f lower. Cortflosed % to %d lower, compared 1 with Tuesday's close. STf-OUIS CASH QUOTATIONS. t STJOUIS. July 12—Cash—-No. 2 red wheajß4(7ißs%; No. 3,8?; No. 2 hard, t 87'?/!%; No. 3 hard, 86. Coif-No. 2. 62; No 3. 61; No. 4. 58<<i r 59; grade. 57; No. 2 yellow , 62(g . 62%;£a». 3 yellow*. 61%; No. 2 white, 64’.'./f>%, No. 3 white, 63 Nd oats, 39(6 39%; No. 3. 37%; No. 4, r 26* 2 p o - ? white. 40%; No. 3 white, |SB%fO, No. 4, 38(7/39, standard, 39% , a 40/ | ish rye. 63%. 1 Last wants light hogs. CICAGO, July 12. Eastern orders I fortht hogs were in excess of woek i en.ltpply and a 10 to 12c higher mar- , ketior everything fit for that outlet r I rebl<->l. Shipping hogs sold largely at I H. 119.25. Packing grades were little , |lf t higher, as that branch was with- ! [ ..urompetitlon. There were 35.000 at •’ ,;Jn markets, against 45.000 a year ad and not to exceed 40,000 are " ex- s here Monday. Shipping demand f js/oming back in emphatic manner, v tli outlet having absorbed 20.000 this vdc Both In cattle and sheet, the o lilh was nominally strong at the best ‘ lies of tlie Week. Monday's expect- •’ .yt is for about 20.000 cattle and 35 G Thugs. NEW YORK COFFEE MARKET. H coffee quotations; t Opening. I Cl os Ink . _ huary : 9.0’4 906 hruary| 9.110 9.13 trch9.ls 9.19O9;;0 ” ,r| l’ I 9.220 9.23 09.25 ' 9.250 9.26 P* 'l'*- 9.2809.30 9.2.-,09.26 o| f lv ; , 8.540 8.55 0 hlgust'B.6o 0 8.80 8 6508 67 pptember .... 8.75 8.7708.78 ember 8 8308.85 8.4408 45 1 ovember 8.900 892 ~ ecember. . . / 9,00 8.920 8.98 Closed steady. Sales. 69.250 bags. COTTON SEED OIL. at pi Cotton seed oil quotations: !_Opening. I “ciosTng. 3. K! I-'■ ■ 8 Ufit.so }’ ugust 8.7708.78 8.810 8.82 ■Ptember .. .. 8.79 0 8.80 88 2 0 8.83 fit etober 7.800 7.81 7.800 781 <: ovember 6.8206.83 6 804,6 81 ecember .... 6 5306.58 6.4906 51 muary l 6.52 0 5.54 6 500 653 an ?brut:ry .... 6.5306.60 6.5306.58 Closed steady; sales, 13,800 barrels. do Ch loctor To Be Tried As Cocaine Peddler r? Dr. W. W. McAfee, 62 Hill street, ,a { obably will be tried in police courtj turday afternoon, charged with sell g cocaine. He was arrested on De- ll ° tur street Friday night by Offi is Allen and tiresham, who say ey interrupted a sale of the drug to young white man. lis ; The young tnan is being held as a tness in the case. wa er ? JUDGES DECIDE WHO IS ; :[BUTTON PRIZE WINNER —W IFz VOt/ xvl ■ [ NEED \W I ATLANTA KA NEEDS /J > Submitted by \V. Mae Jones. 1428 Candler Building. 1 Hearst’s Sunday American Will Announce Best Slogan—Many Submitted Saturday. Judges Saturday took charge of all the “500,000 club" slogans submitted in the $25 prize contest. They are John W. Grant, Wilmer L. Moore and Walter C. Taylor. At The Geor gian office they began a careful study , of the hundred* of suggestions sub- 1 mitted. Hearst's Sunday American will an nounce the winner. The last day of the contest brought in the largest number of submissions of any other day. Many are beauti- ’ ful designs by well-known artists. < Others are striking for their literary merit. All bespeak the wonderful At- 1 lanta spirit—save. one. That came in anonymously from a , cynical humorist. He went to the < trouble of-drawing a large. picture burlesquing Atlanta from the City , Hall to the last garbage dump beyond “Pittsburg." The Cynic’s Slogan. In one corner was a large building ~ I marked “Hot Air Factory." Next to I it was the City Hall, called “The House of Mystery," and on top of the •' building sat a doubtful bird mark- , ed “Graft." The bottom of the pic- .’. time showed three stragglers passing out of a gate with the remark: , “Griffin ain't sc, bad after all." / It's a cinch this design won t get the prize. One of the best of the last sug- , gestions was a map of Georgia with a star marking Atlanta, its capital. -, The slogan, offered by George 1.. Tay- u lor. No. 15J Courtland street, is: “Hitch your wagon to the star Half million by 1920.” J Here are many scintillating with h enthusiasm: " “Boost Atlanta. Everybody's do- a ing it; 500.000 by 1920. Welcome. The Gate City." W. I. Maddox. No. , 395 Whitehall street. “For Atlanta 500.000 by 1920. Come on." -Wilbur G. Kurtz, No. 90 Sin clalr avenue. "Atlanta, the lives! and niftiest “ town always."—G. O Shepard. No. 36 North Pryor street. *’ W. T. Wilson. No. 388 North Jack- J son street, offers the Phoenix arising ‘ from the ashes with the slogan. "Al ways ahead." “Atlanta, the bright star of the I K ' Southland. Pleasure, health, wealth, prosperity; 500.000 by 1920."--E. B. al Gibson, No. 72 Cherokee avenue. "Atlanta always ahead; 500,000 n ' 1920; 1847-1865; Phoenix."—C. I’. Harbour, No. 41 North Pryor street. H Poet Offers One, "Half a million. That's our bet. „ Watch Atlanta She'll get it yet." *" Alex Maddox, No. 212 Euclid ave aue. -0 "Place, Atlanta. Ga.; time, 1920; I K " population, 500,000; our motto, 'Co- Sll rperatlon ' C. I- Nicholson, No. ,8 Ormond street. i f '‘ ■Here's to Atlanta, greatest Inland]"' ■ity; boost for half a million In 1920 'I —Margaret Maddox, No. 212 Euclid Al ivenue. "Get the spirit and join Atlanta , ■la 1 f-Million Club, 1920; to prosperity ind happiness." F. E. Taylor, Em- "" lire building. $1864. 2,000 people; 1865. less than liv 1.000 people; 1910, 155,000 people; " 920, let's make It 500,000."--Joseph s,r 'leiner, No. 224 Capitol avenue. "Success is sure. omnia vlneit V? Ides. Atlanta. 500,000 by 1920.”—\V. A" l. Hynds, No. 202 McLendon street I "Atlanta Half-Million Club. Faith. | >?- mlrition. labor, in hoe sign,, vinees." -J. Howard Hynds, No. 202 McLen on street. i "Atlanta. half-million, 1920." h *' : harles H. Terry, No. 43 Zachary treat. Alabama Man Suggests. 500,000 people in 1920. Atlanta al- ... 'ays g ts what she goes after."— rederlck C. Pfeffer. Clanton, Ala. ? "Progressive, prosperous, advan igeous, healthful. Atlanta, 500,000 jy »20, city of homes. Watch her grow." -P. J. Burton, Hi Iman. Ga. 3 .! "Atlanta, hub of South, half-mtl on 1920.”—R. F. Thom;,son, East oint. “Atlanta. Georgia's magnet, draws T' >O.OOO in 1920."—Mrs. Charles c. Wil- P s, Columbus. , ” “We get what we want when we 1O .„ ant it; 500.000 by 1920."—0 T. Dick- .7 ■Son, No. 53 Gartrell street. "Watch m<- get 500,000 by 1920. I'm ' 'ter you. Atlanta.”—Mrs. W. C. Lax- 1 " m. No. 378 Central avenue. "Pluck, push amt persistency pro- ! anl ice prosp, rity and provide people ’'T 1 ! •t us all boost, 500.000, 1920. Tie n mst some more."—John S. Cook, N > " lt Luekie street. "We'll get'em yet. Nineteen-twen hall th,- half-million." Mrs. E. E. ■rklns. No. 189 Rawson street. "Suffrage. t< tnperance, Tighter,us- ” ss." —Mrs. Ellsworth Pierce, 139 1-2 Igewood avenue. “A haff-million in 1920. Help us cat."—Nelson T. Spratt. ~_ "Everybody's doing it. doing it now , hat? Corning to Atlanta to be of e 500,000 by 1920."—M. G. Gris-i 4 ',’ h. 30 Whitehall street. ' Ho * “New York of the South.” "Boost Atlanta the New York of Pi e South."—J. F. Dejounnette. |, r et Half-million city of Atlanta sur- lant unded by rest of the world.”—Mrs. ( „n G. Logan, 147 Little street. "i 'Five hundred thousand 1920. At- pros tta triumphant. In God we trust." 500 1 Mrs. E. E. Perkins, 189 Rawson Dick eet. ..j 'Atlanta, location, trade, name. Eml. at's why. Half-million 1920."—0. by 1; Nix. Empire Building. jng •Atlanta vs. the world 1913. Play "F 11920. Score 500,000."—Mrs. Park- plen Rand, 66 Forrest avenue. 1920 Atlanta, Atlanta. 1920. s tre< ’Puli for half-iniliion good and "(j /Li' Submitted by IV. T. Wilson. 388 North Jackson street. ' plenty."—Mrs. J. E. Howell. Ocilla, Ga. “Away above everything. i 920. : The half-million city."—A. L. Sulll- I lan. 51 West Linden avenue. "Atlanta, ninth city, nineteen twen ty."—Charles L. Green, Realty Trust Building. “Atlanta, Dixie's half-million citv, 1 1920."—Miss Alice C. Greene. “Get the Atlanta spirit. Boost for 600,000 in 1920."—Mrs. Ora Bomar. 407 Washington street. "Atlanta wins."—Alton L. Rogers. 35 West Third street. Some Atlanta Virtues. "Atlanta's tenacity luminates Atlan tans. Nobility, thoroughness, ambl tion. 500.000."—B. A. Ratterree, 147 North Jackson street. "What's the dope? Half-million for Atlanta 1920."—Parker Rand, ITedmont Hotel. E. M. Chapman. Atlanta National Bank Building, offers a design of a Georgia mule speaking: “I got to kick 500,000 Into the Gate City. Atlanta. 1920. Help!" "Atlanta, half-million. The city of uphuilders."—l-’. L. Yarbrough, 368 South Pryor street. "Atlanta, Dixie’s pride. One-half million population 1920."—H. C. Bcek er. 120 South Main street. “Be one of our 500,000. “From York. Athens or Rome. Come, pal, make Atlanta your home.” —O. I. Gaines. 500 Hemphill avenue. "A half-million city by 1920. 500.- 000 Greater Atlanta. Slie carries the banner."—H. Stephens, 500 Hemphill avenue. “Health and Wealth.” “Atlanta to health and wealth."— Mrs. Kate Dorsey. Cordele. "Half-million Club. 500,000 1920 Atlanta always ahead.”—D. C. Alex ander, 38 Ashby street. "Atlanta, the city that does things Nuff 500,000 by 1920."—L. H Clarke, 20 Hayden street. "Atlanta —1920—500,000 Get busy boosters." James H Reynolds, Jr., Candler Building "Atlanta. Southern queen. 1920 500.000."—J. L. Dunn. Marietta. "You need Atlanta; Atlanta needr 1 you. 500,000 in 1920."—H. F. Smith 1 310 Juniper street. "We never sleep. Come join us A < half-million city. Atlanta. ' 1920." < Mrs. F. A. Raleigh, 194 lawton street 1 “We’ll win out. Just watch us A I alf-mllllon city, Atlanta 1920."—F. A. 1 Raleigh, 194 latwton street. I "Greater Atlanta, 500,000 by ’ Boost the Gate City."—lsl Oak" street i "Atlanta, half-million."— Mrs. John ’ M. Warren. 511 Washington avenue "All about Atlanta. Climate, loca tion, opportunities 500,000 1920. 1 Ask me.”—W. H. Nance, 143 Peters Street. “Pull for Atlanta.” 1 "A long pull, a strong pull. All to- f tether til 1920 Eureka! A half- s nillion."—Mrs. E. H. Taylor, 34 Har- s ilson avenue. "You ■an have the world, but give 1 ne Atlanta with her 500,000 In 1920." 1 Mrs. Nannie Kelsey. Oakland lelghts. A,lan,a - A half-million h n Watch us grow.”—Dr. XV. R. 1 laiden, 25 Elizabeth street. “Always fast. Never slow. 1913 ■' 00,000; 1920. 500,000. Ever on the —Dr. Horace Grant, 76 Walton 3 l roet. W. J. Kllsey suggests a picture of ■overnor John M. Slaton, with the ords: “Mr. Stranger, shake hands wl'h ■ tlanta and Georgia; 500,000 by lo’o ' B "Buy Atlanta dirt now and you will <• independent bv 1920; 500 OUO"—F C Carlisle, No. 6.’,5 North Boulevard "One hundred people a day and we ve the half-million way by 1920 ' ■ illiam R. Bradley. No." 108 Simpson o' reet. "Busy, boundless Atlanta: 500 000 M i 1920 -or why?"—J. w Sirnnmns. o. 64 < apitol avenue. “Boost! Boost! Atlanta 1913- '2O; 500,000."—S. R. Jones, No 102 A: ast Merritts avenue. c< Peachtree to the Fore. Showing the picture of a girl's to ■ad. c. A. Billings offers a design M ith the slogan: "Atlanta always ahead. Be a boost- 19 ■ st 'Atlanta, the queen of the South: llanta, th. skyscraper; a city of la 0.000 bv 1920 " Solomon F. Strick- Si nd. Alpharetta, Ga. ln "Atlanta, the city with the push «• hat it takes to do It we have It 0,000 by 1920." L. c, Blgby. ln] “Watch us crow; Atlanta- prog- |„. ss. 500.000, 1920."—F. G. Semon “Facts and figures about Atlanta. the Gate city of the Sunnv m nth. 1913, Half-Million Citv 19’0 " Boykin W. Davis "Half-million city, Atlanta. 1847- -0 —Mrs. Louie E. Anthonv. No 32 ' .' irling street. Picture of the Terminal Station, AT th the words “From North, South ' st and West, 1913. rA 300.000 At-’ u ita is-Xhe best. 1920." Mrs. J. n. ao . r iner. No. 85 Josephine street Half-Million Booster Club; At- ’! ly ita, 1920. ,We will win. Watch us S '. >w.” A. H. Steward. Fort piece. „ i. • "' Ma The best home in the world; join < ' ,r Atlanta. 1920; 500.000 population." 1. B. Harrett, Quitman. "Must. Can. Will.” mi Atlanta in 1920, 500,000. We must. , *** can. we will."—l. F. Sterne, No. Washington street. ’ Atl Ptiil for or pull out; Hearst's ister; 500,000.”—T. Wilson. No. East Fair street. lan Atlanta always ahead: half-mil- l ,ro l, 1920." —E. E. Dunaway, No. 13 Rrc burn avenue. “ ’icture of a flying machine with a to tty girl in it. “AU aboard for At- ahe ta.”—Mrs. Bessie McCarter, Ma- con The gateway to happiness and get ■sperity is wide open Atlanta. Lut .000. 1920."—8. C. Spears, No. 11 "1 kson place. ' Het Miss Atlanta, your opportunity, lam brace her, boost her. For 500.000 —F 1920."—F. E. Taylor. Empire Build- to. For health, happiness, peace and. 500. aty and half million souls by sire o.”—Doyle Hiatt, No. 14 Killian "I ‘ e *- ing. Un ward and upward. ■-< |-haif Rial 5 fomos likeli 1 TO MISE BOW JT BML Macon Postmaster Says He Will Be Heard From Before He Quits. MACON, July 12.—1 tis very likely that a lively incident will develop out of the action of the Postoffice Depart ment in asking for the resignation of Harry Stilwell Edwards, Macon post master. who is a Republican ap pointee. It is thought that Mr. Ed wards will refuse to resign, as the San Francisco postmaster has done, making it necessary for the depart ment to summarily remove him. “I was recently advised that my resignation was wanted.” stated Mr. Edwards to-day, "and I have had the matter under consideration with friends. Ido not care to make a pub lic statement just at present, but rest assured that I will be heard from.” Custis Nottingham, whom Senator Bacon has recommended for the place, is the Senator’s local agent in Ma con. looking after all of the - Bacon property interests here. He was for merly Recorder of the city, and in the pre-con vention campaign last year he was an active Underwood support er. He also has always supported Joe Brown. W. T. MorgatL whom Representative Bartlett desires to be postmaster, is a clos* fi i< nd of the Congressman and in well known for his Hoke Smith sentiments. ■Nottingham to Get Postoffice at Macon. WASHINGTON, July 12.—Curtis Nottingham probably will be nomi nated as postmaster at Maron. Ga., succeeding Harry Stilwell Edwards, whose resignation has been called for by the Postoffice Department. The nomination of Mr. Nottingham will be in accord with the wishes of Senator Bacon. Representative Bart it ss, of the Sixth Georgia Diairict, It is understood, has a rival candidate. Committee Selects Text Book Inquirers After sharp debate the House Committee on Education decided Friday to have one member from the Senate, two from the House, the Gov ernor and the State Superintendent of Schools to investigate the school book question. At the next meeting the committee will decide whether lhe investigation Is to be concluded at this session or whether the investigators shall be instructed to finish their work in the vacation period. million city.”—Miss Dora O. Hood, No 213 Oak street. “ttther cities have slogans. Atlanta has the goods. Ambition, insurance, factories, publications, railroads, schools."—Frank Green, Luekie street. , "500,000 by 1920 for Atlanta. Sure. That's easy. "—George J. Zuchem, No 134 Decatur street. A Bit Ambitious. ' "Half a million. Then the other half. Boost Atlanta for 1920."—C. D Terrell, Covington, Ga. "Atlanta spirit 500,000 Club. Peace, happiness and plenty. Five hundred thousand by 1920."—E. C. Sosebee. No. 327 West Fourteenth street. "One an hour, day and night. Is the slogan for our tight.” —J. H. Wilson, No, 37 South Pryor street. "Productive, progressive, prosper mis Atlanta, 500.000.”—J. J Osborne, Box 1720. "North. East, South and West, This half million city is the best.” -- <'. H. Jones, No. 54 Flat Shoals ivenue. 'Atlanta, the South's horn of peace ind plenty. A half million Is easy by 1920." Sam Kimball, Jr., Stone Mountain. "Opportunities 500,000 in Atlanta.' —W. R. Kline, Viaduct place. "500.000 live wires. Atlanta, 1920. 4sk me."—George J. Taylor, No. 152 'ourtland street. "I file in Atlanta. Don't you want o live there? Haifa million, 1920.” diss H. Taylor. "Be a 600,000 booster. Atlanta, 920.”—T. G. Johnson, 141 Ashby treet. "Everybody-, everywhere, boost At iinta. Georgia, the Gate fltv of the tunny South. a.< the Half-Million City :i 1920." 1,. Boone, Southern Rail- ■ay Building. "Faith, works, everybody! Half illlion 1920.”—Miss Ada Wood, Ada elle, Ga. Trains Head This Way. "Stop, look, listen. Atlanta—soo.ooo 920.' W. G. McCord. Abbeville, S. C. "The city that does things. Are ou on?’—W. C. Bailey, 280 Central venue. “Booster rooster crows for Atlanta, iilf-million city 1920."—H. G. Head, 14 Holdetness street. "Atlanta, the best city of the outh." L. W. Leslie, Bethlehem, Ga. “Atlanta, half-million 1920. I'll do ly part."—Robert S. Link, Abbeville. . C. ' Join hands with us. We can do it. ake Atlanta 500,000 in 1920."—H. lopton, 665 Highland Avenue “Gate to Vvealth.” "The open gate to prosperity. Half iiliop entrant- in 1920."—J. T. Ham on, 15 West Mitchell street. “Push the button to prosperity. 1920 tlanta 500,000." —J. T. Hamilton, 15 est Mitchell street. "Everybody coming our way. At nta, 500,000 population by 1920. Easy oposition.”—J. W. Stokes 24 South ■oad street. "Health, happiness and plenty leads 500,000 in 1920. Atlanta always lead." —S. A. Martin. "Impossibilities to-day* become ac rnplishments to-morfow. So we'll t the 500.000.”—J. Fred Eden. Jr., impkir. Ga. "1910. 155,000—1920, 500,000—1930, ? ?re she comes, there she goes. At ita. 1920, half-million. Nuff sed.” Fred C. White. Candler Building "The heart and pride of Dixie. Mot- Get there.' 1865-1920. Atlanta o.ooo."—James R. Ellis, 280 Spring eet. "Boost for Atlanta and get that feel g. 1847-1920. 500.000." Taimon u-bour, 39 uvenua, b 9