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13 THE ATLANTA GEORGIAN ANT) NEWS. 0 STATE HUH IF C1UF Optimistic Trade Boosters .From Throughout Georgia Namee Executive Committee. Voicing their belief that a new era of prosperity Is dawning for Georgia, more than 75 representatives of trade and commercial bodies of various towns and counties in the State met at the headquarters of the Atlanta Chamber of Commerce Wednesday morning and took the first steps in an organization of a great State com mercial organization, to be known as the Georgia Chamber of Commerce. C. J. Haden, chairman of the special committee of the Atlanta Chamber of Commerce, which called the state wide meeting, presided. The convention unanimously and enthusiastically adopted resolutions prepared by a committee on tempo rary organization, headed by C. G. Bradley, of Madison, that the new State organization be formed. The resolutions provided for the naming of an executive committee of seven, with C. J. Haden, of Atlanta, as chair man, to take charge of the active work of organization. This commit tee, which Mr. Haden announced he will appoint within two weeks, will name a vice president for each county in the State that Is affiliated with the central organization, a secretary and treasurer, and will have charge of the work of securing a charter for the State chamber and the drafting of a constitution and by-laws. Next Meet in Macon, The next meeting of the State or ganization will be held in Macon, Ga., at the pleasure of the executive com mittee. This meeting probably will not be called until the committee has completed its work of securing a char ter and drafting the constitution and by-laws. A president will be elect ed at the Macon meeting, which, it is hoped, will be attended by not less than 300 representatives of commer cial bodies. Considerable discussion developed in the selection of the next place of meeting, with Atlanta and Macon as the contending cities. The tide was turned in favor of Macon when May or Woodward of Atlanta, President Moore of the Atlanta Chamber of Commerce and other prominent At lantans declared that the Central Georgia city should be given the pref erence over Atlanta. Not an Atlanta Move. "We must show the people of Geor gia that this is not solely an Atlanta movement,” declared Mayor Wood ward, “and that we are willing to work for the good of the whole State as much as we are willing to work for Atlanta. This movement must be made State-wide to attain its proper measure of success, and it can not be made State-wide if the people be come imbued with the idea that it is strictly an Atlanta affair. By all means the next meeting should be held in Macon, and if possible fu ture meetings, at least until the Chamber of Commerce has become thoroughly established should be held in various cities throughout the State." The question of where the meetings of the State organization shu’l be held will not be definitely decided until the Macon meeting. It is prob able that the executive committee will submit, at that time, recommenda tions as to the regular meetings of the State body. Chairman Haden is of the opinion that the meetings, at least for a year or two, should not be held at any one place twice in suc cession. Speeches Full of Optimism. A number of optimistic addresses, expressing a firm belief in the future of Georgia and in the State Chamber of Commerce as a method of devel opment, were delivered during the Wednesday morning session. Among the speakers were prominent business men from all over the State and sev eral representatives of railroads that do business in Georgia, all of whom pledged their support and the sup port of their corporations to the new movement. V. N. Richards, of Washington, of the Southern Railway, and J. A. Pride, of Norfolk, Va„ representing the Seaboard Air Line, were among the railroad men who addressed the meeting. Other speakers were Dan G Hughes, of Twiggs County; Philip G. Campbell, of Atlanta, founder of the “Corn Club'' movement; Robert Maddox, of Atlanta; R. D. Cole, of Newnan; C. D. McKinney, of Deca tur. and C. G. Bradley, of Morgan County. , , At 1 o'clock the visiting delegates were entertained at a luncheon at the Capital City Club, as guests of the Atlanta Chamber of Commerce. MACON, July 23.—Macon labor union men instead of the customary street parade will have a basket pic nic at Lakeside Park on Labor Day. Special trains will be operated to the park. WHY, CHARLES ROBBINS! THOMSON, CONN.. July 23.—Nine davs after he had been presented with a baby carriage as a premium for getting married, Charles S. Rob bins, 60, sued for a divorce. O. M. TIFT DIES AT TIFTON. TIFTON.—Orville M. Tift died Tues day at the home of his mother, Mrs. Kliza C. Tift, postmaster at Tifton. He was a son of the late W. O. Tift, of Tif ton. The funeral was held in Tifton this afternoon. House Still Toils With Funds Bill The House gave three hours to the consideration of the general appro priations bill Wednesday and man aged to get through nine pages. Only one change was made In the report of the committee. This was the adop tion of an amendment by John Y. Smith, of Atlanta. Increasing the ap propriation for the Soldiers’ Home from $25,000 to $30,000 a year. At 10 o’clock the Hou?e resolved Itself into a committee of the whole and took up the appropriations bill, with Speaker Pro Tern McMichael in the chair. An obstacle was met in the adoption of Section 1 and Section 1-A, which provides for the salaries of Statehouse officers, in amendments offered by Representative Ed Wohl- wender. The Representative from Muscogee wanted to know whether any of the Statehouse officers were receiving fees, and it took an hour’s discussion for the other members to convince him that everyone was on the salary basis. He offered two amendments, but withdrew both. In the appropriations bill no ob jection was made to amounts set aside for the colleges of Georgia, as published in The Georgian several days ago. When the House takes up the bill Thursday it will begin with the ap propriation of $2,500,000 for the pub lic schools of the State. This is the exact amount as paid out to country school teachers this year, which is more than $100,000 under the actual expense incurred and the amount ap propriated by th8 last Legislature. Anthony N, Brady Dead in London Special Cable to The Atlanta Georgian. LONDON, July 23.—Anthony N. Brady, New York financier, died laAt night in his rooms at the Hotel Chari ton of heart dlpease. Mr. Brady, whose fortune is esti mated at $100,000,000, arrived in Lon don from New York two weeks ago. It is believed grief over the death of his daughter in a wreck on the New York, New Haven and Hartford Rail road at Westport. Conn., last October, hastened his end. Louis Sherry, the New York res taurant man, who was with Mr. Brady, has arranged to ship the body back to America to-morrow on the liner Olympic. Won Vast Fortune in Business in New York. NEW YORK, July 23.—Anthony N. Brady was 70 years old. He was born in France of Irish parents. Early in his boyhood he came to America and worked as bartender in Albany. A short time later he decided to go into business. With his sayings he started a tea and coffee store. He soon controlled the tea and coffee in dustry in Albany and Troy, N. Y., and branched out through the State. Then he went into Wall Street and became known as one of the most daring speculators In the street. He was a director or an officer in more than 60 corporations. 2,000 Teamsters on Strike in Cincinnati CINCINNATI, OHIO, July 23.—Two thousand teamsters went or strike to day as the result of the order of the union yesterday, following the break between the men and the members of the employers’ association. The only teamsters not affected are the bakery and ice wagon drivers whose grievances were recently ad justed. PRESSMAN BANKRUPT. Roger l^awson Speer, a pressman, .Wednesday in the I'nited States Dis trict Court filed a voluntary petition in bankruptcy, placing his liabilities at $300 45 with assets of $100. Kaiser’s Lieutenant Joins U. S. Cavalry CHICAGO, July 23.—Dr. Otto Gold- feld, son of one of the oldest and wealthiest families In Germany, a graduate of Gottingen University, and until one month ago a lieuten ant in the Kaiser’s army, becomes a United States cavalry trooper to-day. Dr. Goldfeld spent the last month trying to forget that he had been jilted by a girl. He also spent about $32,000 at Paris and Monte Carlo as he tried to forget. His pay as a trooper is $16 a month. His father sends him 200 marks a month. Gets $7,692 Year to Let Tobacco Alone NORRISTOWN, PA.. July 23.— Leonard Thomas, of Haverford, will receive $100,000 on his twenty-first birthday if he can swear on that day that he has never used tobacco in any form during his life, according to the will of his grandmother, Elizabeth Van Horsen Nicholson, probated here. Leonard is 8 years old and has not Ufc.cd lobacco yet. Congress Blamed for Printing Office Waste WASHINGTON. July 23.—The Joint Committee on Printing of the two branches of Congress took final steps to-day toward launching an in quiry into the Governtment Printing Office. It Is charged that thousands of dollars are wasted annually in the printing of useless documents. The committee believes members of Congress rather than the Public Printer are to blame. Realty Men Invited To Meet in Atlanta An Invitation to hold ft* 1916 con vention in Atlanta will be extended to the Association of Real Estate Ex changes, which won will hold Its 1913 gathering. The Atlanta invitation will be drawn up by Mayor Wood ward and presented to the convention by President Harry White, of the lo cal branch of the organization. Alderman I. N. Ragsdale, of the Tenth Ward, ts back of the movement to bring the real estate men to the Gate City. 2.000 ATTEND REVIVAL. DALTON.—A crowd of 2,000 persons attended a revival meeting conducted by Rev E. B. Farrar in North Dalton Tuesday night. The services are being held in a tent. FARMERS MEET AT DALTON. DALTON.—About 200 farmers attend ed the farm school at the courthouse Tuesday, the attendance being larger than at ary previous meeting Organiza tion of the Whitfield County Farmers' Ir.s’itute was perfected by the election of 1) Puryear, president, and C. L. Fos ter, re ♦a**'* Prevailing Unrest Injures Busi ness—Lack of Sympathy Destroys Incentive. By B. C. FORBES. Throughout this country there is a growing tendency to act first and then think. We have too much action and not enough thinking. We pass a hun dred laws, for example, where five would suffice. No other nation scrib bles on its statute books such a con glomeration of nonsense as our legis lators indulge in every year. * * * We are too restless, to feverish, too prone to chase after will-o’-the-wisp panaceas. We are becoming enam ored of turmoil, or social strife, of backbiting. • * • There are manifold wrongs to be righted, it is true. We do well to rise up in wrath against certain practices in both high and low places. Yet, the symptoms of restlessness preva lent to-day suggest underlying god lessness, or, perhaps I should call it mental poiso. • * * Our educational institutions teach how to do things rather than how to think. And when one considers that progress should, and no doubt will, mean less need for all-day work and more time for thought and reflec tion, is it not infinitely Important that THINKING be cultivated? Have not many of us lost the habit of com munion with ourselves? Some have even ceased to bo able to converse. We must have constant distraction —business, it may be, or pleasure. We must have an eternal round of theaters, cabarets, moving pictures, vaudeville, automobiling, boating, trips hither and thither, “thrillers” of the Coney Island pattern, etc., etc., etc. We have little opportunity to got acquainted with ourselves. • * • Family life, the quiet home circle, tranquil pursuits are a-dying. * • • The storm and strife of business, of money-making appears to be grow ing more tense and desperate every day. We have all but killed senti ment in the hurly-burly of latter-day competition. • • * We have not masters and men, but corporations and “hands.” The head of a department told me on Saturday that an employ© came to him and ex pressed regret at leaving after fifteen years' service, but the executive was nonplussed, for he was not aware that he had ever set eyes on the employe until that moment! “Efficiency” is supposed to be a foe to all sentiment in business. My humble opinion is that without a modicum of sentiment between the employee and the employer or supe rior you can not have the fullest mea sure of efficiency. There must be something more than the mere per formance of a task under strict sur veillance. There must be some sense of loyalty, a spirit of camaraderie, the right esprit de corps. You can not geth the beat results by a policy of heartlessness, by treating men as ma chines, by ignoring the human side of them. They are of the same flesh and blood as the'r overseers and em ployers. They have like hopes and ambitions. They have family ties, do mestic troubles and joys exactly as their “superiors” have. * * * On Saturday I was privileged to attend an annual outing of one of our great banks, an institution employ ing a force of between 450 and 500. Its president had them all, along with almost as many of their families and friends, at his beautiful home as his guests for the afternoon and even ing. Such a gracious act makes more for loyalty and honesty and industry and service than all the “efficiency” maxims propounded in ths last half dozen years. . * * * The personal element can not be crushed and killed with impunity. A little break in the year’s round, such as that I mention, serves as a re minder that life has its pleasant as well as its serious side; that there is a time to laugh as well as work; that the chief officer is not above asso ciating with the humblest clerk, :h3t all are human, that there are other bonds than salary contracts. * * * There is need for taking the rough edge off life. There is need for sen timent and sympathy and fuller un derstanding, room for a helping hand, for a little encouragement. Things can not always go well. Life is not one grand, sweet song. * * * My bonnu man, the world, it's true, Was mode for neither me nor you; It'8 just a place to worstle through, A8 Job confessed o’t; And aye the best that ice'll eon do Is male the best o't. What you would like's a palace ha' Or Sunday parlor dink an’ braw WV a’ things ordered in a raw By denty led dies. Weel, than, ye can nor hae't that's a' That to be said is. As Robert Louis Stevens says: <^asary—"Warstle,” wrestle. “Ha\” hair “Dink an’ brnw,” neat and pret • t" “P n**’ Ic^di* J?’n'• ! • M* *. The market lias been very weak all day on predictions of unsettled weather with showers over the western belt. The selling for a while was general with no special support. The weakness of the July position in New Orleans has also caused selling here. Some of those who have been identified with the bull side for the past two.weeks were among the sellers, though they are buying now on the decline and express the belief that the market should be bought on soft spots regardless of weather condi tions, especially with the spot situation so acute. Though you hear a great many bearish expressions to the effect that we have seen the high level for some time to come.—J. M. Anderson. * * * Warehouse stocks in Nfew York to day 31,821; certificated 23,341 bales. • * * Riordan sold 4,000 bales of January at 11.25. • • • Bishop. Texas. *says: “More cotton pickers in demand and Mexican rebels and federals coming for the purpose. Cotton opening fast on 700-acre farm, promising hale to the acre*” • • * Dallas wire*: “Texas generally clear Oklahoma—North portion cloudy; bal ance clear.” • • • NEW ORLEANS, July 23—Hayward & Clark: The weather map shows very favorable conditions; cloudy over entire eastern half of the belt and Oklahoma. Fair in rest of the belt. Splendid rains in the Eastern States and Alabama, nice showers in Louisiana and Mississippi. Heavy rains in Galveston, but none in interior of Texas. Indications are for clearing over the Atlantics, showers in the Central States and Eastern part of Texas with increasing cloudiness over the Western half of Texas. * * • Liverpool cables: "Spot cotton, fair de mand; prices easier; sales estimated 8,000. American middling fair. 7.29; good middling. 6.95; middling, 6.68; low mlldling, 6.49; good ordinary, 6.01; or dinary, 5.67.” • • • The New Orleans Tlmes-Democrat says: “July gyrations stirred the leth argic New Orleans talent out of a half slumber. Ring traders were not look ing for anything of the kind, and for a time lacked an adequate explanation of the market's action. All along It has. been understood that the strength of the New Orleans July position resulted from the presence of concentrated long In terest. held by a few men who were ex pected to stand pat and receive cotton, and from the presence of a scattered long Interest held by men who were simply riding on the backs of the other fellow. So confident were the riders that July would be protected to the last that they neglected the small but Important formality of watching the pulse of the market. In session and out. “Early yesterday the fact became known to a few that the concentrated long interest in July had been wholly liquidated and the wise boys moved to the ringside to watch the fun when the 'riders’ should wake up. The news spread slowly and the sensitive nerve w-as not touched until after the lunch hour. Then pandemonium broke loose. There were not a great many outstand ing specualtive long contracts, but as everybody Interested wanted to liqui date at one and the same moment, fluc tuations were violent. The talent has now turned its attention to August. It is well within the range of the possible that a few of the 2.300 bales taken up on July contracts may he retendered on August. It Is* also possible that the talent may shy away from August, be cause of the comparative rapidity with which new crop cotton Is now showing up. as there Is a disposition in some quarters to believe that ‘first’ bales will be more quickly followed by a free movement than is usual.” COTTON DROPS ON COPPER STOCKS WHEAT WEAKENS Bull Clique Liquidates When Longs Curtail Holdings—Buy ing Light—No Support. NEW YORK. July 23 —With cables at a point or so better than had been ex pected and no rain In either Texas or Oklahoma, the cotton market opened quiet and steady to-day, with prices showing Irregularity, being 2 off to 3 points higher than the closing quota tions of Tuesday. Barometric conditions as shown on the map did not indicate any rain in prospect for the Western belt, resulting In most active positions increasing their gains 2 to 4 points from the initial level. Cotton bulls receved another jolt after flu rail when another drop of 30 points in July cotton at New Orleans unsettled the market. July New Orleans dropped from 12.00 to 11.70, while August fol lowed with a loss of 26 points. This, together wdth the late map showing un settled weather condition In the Western belt, was about the only Interesting fea ture. With the exception of scattered trade buying, the market was friendless and prices droped 6 to 12 points from the opening. July and August were the heaviest pressed, both declining 12 points. The selling was generally ac credited to holders of long contracts, who were tired of waiting for the mar ket to pull out of the rut. During the afternoon session Memphis operators were reported sellers on the rumor that the National Ginners Asso ciation gave the crop 82 per cent, com pared with the Government figures of July 3, of 81.8, which would indicate a slight improvement for the month. This brought out a renewal of the early sell ing sufficiently to maintain prices around the low point. The market closed steady wdth prices at a net decline of 9 to 12 points from Tuesday’s final. Following are 11 a m. bids In New York: August 11.96, October 11.40. Jan uary 11.28. Following are 10 a m. bids in New Or leans: July 11.85. August il.78, Octo ber 11.44. January 11.44 Estimated cotton receipts: Thursday. New Orleans 400 to 450 Semi-weekly Interior movement: • 1913. 1912. 1911. Receipts 3.921 2,944 3.152 Shipments 10.380 7.583 3.664 Stocks 117,687 79.658 62,148 RANGE IN NEW YORK FUTURES. 1912 750 -1(0 Jly 112.16112.16| 12.03; 12. 88111. 58 11. 36.11 111. 29111. 23 11. Vg Spt Oc Nv Dc Jn Fb Mh My 12.00 12.02 11.1 11.68 11.68 11. f 11.45 11.48 11.: I I 11.37|11.41 11.i 11.34 11.36 11.: 11.43111.43111. 11.46 11 16 11 <Hosed steady 31111 38 11 04 12.04 89:11.89 59|11.57 36’11.36 33111.28 34111.29 24111.24 . ..111.25 31.11.31 38 11.33 •05 12.15-16 ■90 12.01-02 •59111.67-69 -37:11.45-46 30 11.38-40 30 11.39-40 25111.33- 34 26111.34- 36 ■32111.41-42 351 1.43-45 THE WEATHER. Conditions. WASHINGTON, July 23.-There will he thundershowers to-night or Thurs day in the Atlantic and East Gulf States and the Ohio Valley and showers to night In the lower I^ake region, fol lowed by generally fair weather Thurs day. In the upper I^ake region the weather will be generally fair. It will he somewhat cooler in the Lake region. General Forecast. General forecast until 7 p. m. Wed nesday: Georgia—Showers late to-night or Thursday. Virginia—Showers to-night or Thurs day. North and South Carolina—Showers late to-night or Thursday. Alabama and Mississippi—Showers to night or Thursday. Tennessee and Kentucky—Showers to night or Thursday. Louisiana—Fair except showers in the southwest and east portions to-night or Thursday East Texas—Fair in Interior; showers on coast to-night or Thursday. Western Texas—Fair to-night and Thursday. SPOT COTTON MARKET. Atlanta, nominal; middling 12%. Athens, steady; middling 11% Macon, steady; middling 12%. New Orleans, quiet; middling 12 7-16. New York, quiet; middling 12.40 Philadelphia, quiet; middling 12.65. Boston, quiet; middling 12.40. Liverpool, quiet; middling 6.69d. Savannah, firm; middling 12c. Augusta, steady; middling 12%. Norfolk, steady: middling 12%. Charleston, steady; middling 12 5-16. Charleston, nominal. Mobile, steady; middling 12c. Wilmington, quiet; middling 12c. Little Rock, steady; middling 12c. Baltimore, nominal; middl ig 12%. Memphis, quiet; middling 12%. Memphis, steady; middling 12%. St. Louis, quiet; middling 12 5-16. Houston, quiet; middling 12 3-16. Louisville, firm; middling 12%. Charlotte, steady; middling 12c. Greenville, steady; middling 12c. LIVERPOOL COTTON MARKET. LIVERPOOL, July 23.—This mar ket was due 2% points lower on near positions and 4 to 4% points lower on distant months, but opened quiet at a net decline of 2 to 3 points; at 12:15 p. m. the market was quiet, at a net decline of 3 to 4 points. Fair business doing in spot cotton at 3 points decline; middling 6.69d; sales 8,000 hales, including 7,000 American bales; Import* 1,000 bales, of which none were American. At the close the market was steady with prices at a net decline of 4% to 5 points from the final quotations of Tues day. Futures opened easier. Opening. Prev Range. 2 P.M. Close. Close. July 6.45 6.43% 6.42% 6.47 July-Aug. . . .6.44% 6.43% 6.42 6.46% Aug.-Sept. . . .6.36% 6.36 6.34% 6.39% Sept.-Oct . . .6.22 6.21% 6.20 6.25 Oct.-Nov. . . .6.18 Oct.-Nov. . . .6.18 Dec.-Jan. . . .6.15% Jan.-Feb. . . .6.13 Feb.-Mch. . . .6.14 Mch.-Apr. . . .6.15% 6.15% 6.13% 6.18 Apr.-May 6.14% 6.19 May-June . . .6.18 6.15% 6.20 Closed steady. 6.21% 6. 6.17% 615% 6.20% 6.17% 6.15% 6.20% 6.11 6.15% 6.12% 6.11 8.15% 6.12% 6.17 MILLER-COTTER COTTON LETTER. MEMPHIS. July 23.—Influence or ex cellent rains In Atlantic States was felt In the market. With showers predicted for Texas the outlook is quite encour aging to crop. Sentiment is more bear ish. and selling would probably be free if rains come over the Southwest. Oth erwise, the market may wait on further developments without material decline. HAYWARD & CLARK’S DAILY COTTON LETTER. NEW ORLEANS, July 23—There w'ere good and rather general rains over night in Alabama, Georgia and South Carolina; showers fell in Louisiana and Mississippi. Galveston, Tex., had a good rain, but there was little in the in terior of the State Indications are for clearing weather In the Atlantics, cloudy In the Central and Western States; more general show'ers In the Central belt, and also In the Eastern section of Texas and Western Oklahoma. More general rains are indicated for the Western States to ward Saturday. Liverpool was ^bout as due and quotes spots 3 points lower; sales. 8,000 bales Futures weakened toward the close on better weather news. Our market opened at unchanged fig ures, but soon gave way on the Govern ment forecast of unsettled weather and showers for the Western States. Au gust showed the greatest decline, prob- ably consequence of hedge selling j against spots. Trading settled around 11.42 for October. While thpre Is no pronounced supporting demand from the trade, selling is conservative to avoid defeat on technical conditions. New York advises that freight room for 4,000 bales to be shipped out of the local stock to Liverpool has been can celed, and that some cotton is coming there for delivery on July. RANGE IN NEW ORLEANS FUTURES BAR SILVER. NEW’ YORK, July 23.—Commercial bar silver. 58%; Mexican dollars, 47. LONDON, Julv 23.—Bar silver steady, 27%d, up 1 l-16d. COTTON SEED OIL. NEW YORK. July 23.—October was the center of attraction in the cotton seed oil market to-day, selling up 12 points. I^ater months were in demand from speculators. Crude mills are very firm in their views, and are offering very sparingly at about half a cent above the market. Refiners continue moderate buyers of old crop oil, this demand forcing the price up. On the advance there were moderate realizing sales, w’hlch caused a setback in October and November of 4 to 5 points. Spot I Julv I 9.250 9.40 August I 9.3209.36 September . . . J 9.400 9.43 October . . . J 8.2608.28 November . . . .16.9106.94 December ... .1 6.730 6.74 January . . . . 6.7206.75 February . . . . I 6.700 6.78 Closed strong; sales 14,800 I Opening. ! Closing. | 6.40 j 9.34(o>9.50 9.44 fa 9.4« I 9.4309.50 8.34 0/ 8.36 6.990 7.00 6.76 6.76 6.7106.73 barrels. MONEY AND EXCHANGE. NEW YORK, July 23 —Money on call 2%. Time money unchanged; 60 days, 3%@4; 90 days( 4%; six months, 6 per cent. Posted rates, sterling exchange, 4 840 4 87% with ^actual business in bankers’ bills at 4.86750 4.8680 for demand and 4.8320 for 60-day hills Prime mercantile paper unchanged. METAL MARKET. NEW YORK, July 23 The tone show ed a slight improvement at the metal market to-day. Copper: Spot. 13%; July, 13*\0 14%; August. W%0)|4%; September. 13%@14%. Tin. 4.62%; lead, I recession, but bef • 4 4^ r **r- > r\ c * O High. Low. Last Sale. Close. Prev. Close. •My 12.00 12 00 11.70 11.75 11.71 75 12.00-01 Ag 11.95 11.96 11.69 11.70 11.70 71 11.94-95 Spt 11.44 11.44 11.44 11.44 11.45 47 11.55-67 Oc 11.51 11.52 11.40 1141 1141 42 11.50-51 Nv 111.38 40 11.48-4 • Dc 11 48 11.50 11.37 11.40 1L.38 40 11.48-49 Jn 11.51 11.51 11.40 11.41 11.43 42 11.50-51 Fb 11 20 40 Mh 11.54 11.54 11.48 11.48 11.48 59 11.59-61 My 111.53 55 ll.br -68 Closed steady. PORT RECEIPTS. The following table shows receipts at the ports to-day compared with the same da> last year: i 1913. 1912. Xew Orleans. 1.147 601 Galveston . J 995 262 Mobil©. • -j 2 52 Savannah 135 127 Charleston. . • • 51 Norfolk. • - l 764 238 New Y ork. . 102 Boston. 8 Pacific coast. 231 Total. 3.327 1,390 INTERIOR MOVEMENT. 1913. 1912. Houston. . . . . 1 750 1 128 Augusta. . . 78 155 Memphis. . . . .1 418 761 St. Louis. . . . . 398 79 Cincinnati. . . .1 155 ] 1,084 Total. . . . . 1.799 I 2,207 COTTON MARKET OPINIONS. A. Norden A Co.: We favor buying on breaks such as we had yesterday. Morris H. Rothschild & Co.: We con tinue to favor purchases on such dips as we had yesterday. Miller A Co. 4^A' e anticipate further lrevc Big Issues Readily Absorbed by Strong Sources Who Disregard Temporary Fluctuations. By CHARLES W. STORM. NEW YORK. July 23.—Lower prices prevailed at the opening of the stock market to-day. with the exception of the copper shares which ruled strong Canadian Pacific showed a loss of a point In response to a similar decline In the London market. Other industrial issues yielded fractionally, hut the re cessions were not accompanied by any indications of weakness, and as the leader the one developed after the first few minutes of trading T’nlted States Government 2s showed a further decline this morning, 10.000 of the bonds selling at 96%, a decrease of %. The London market was dull Trading on the curb was steady. The tone continued dull through the forenoon and all around fractional losses were recorded. Canadian pacific dropped %, a net loss of 1%. Steel, New York, New Haven and Hartford and Union Pacific declined %. Petroleum was the most prominent in the declines, losing 1% since the opening. Changes in other issues were in the form of fractional declines. Call money loaning at 2%.’ The market closed strong Oovern- metn bonds strong; other bonds firm. NEW YORK STOCK MARKET. STOCKS High. Amal. Cop. . . 69% Am. Agrl . . A. B. Su^ar. 24% Am Cap . ... 32% do. pfd. ... 93% Am. C Fdy. . 44% A. Cot. Oil .. 38 Am. Ice . . . 22 A m. Loco. .. Am. Smelt. . . 62% Am. Sugar 111% A. T. and T.. 128% Am. Wool . . Anaconda. . . 34% Atchison . . , 98 A. C. L . . . B. and O. . . . 98 Beth Steel . . 33% R R T . . 87% Can. Pacific . 218% Cen. Leath.. . 23 C. and O. . . . 54 C. F and I.. 30% Col. Sou. . .. Con. Gas . . . Com Prod. , . 10% D. and H. . . D. and R. 0. . 18% Dls. Secu. , . Erie .... 26% do. pfd. .. 40% Gen. Elec. . .. 140% G. N. pfd. .. 124% G. NO... 33% Gt. West. . .. 14 Ill. Cen. . . . 113% Interboro. . . 15% do. pfd.. . 59 Int. Har. (old) low r a Cen. . K. C. S.. . . 27% M., K. and T 22% do. pfd. . . L. Valley. . . 149 L and N.. . . 133 Mo. Pacific. . 31% N. Y. Central 98% Northwest. . . 128% Nat. Lead. . N. and W.. . 104% No. Pacific. . 108% O. and W. . . 29% Penna. . . . 113% Pacific Mall . P. Gas Co. . 112% P. Steel Car. Reading. . . 160% R. I. and Steel 24%. do. pfd.. . . 86% Rock Island.. 16% do. pfd.. . . «... S.-Sheffield. . So. Pacific. . 92% So. Railway . 22% Low. Close. Close. 68 Vi 69% 68% 24% 24 24% 31% 32 32% 92% 92% 92% 43% 43% 43% 38 37 37% 22 20 30 30 62 62% 62% 111% 110 111% 128% 128 127% 16% 16% 34% 34% 34 Vi 97% 97% 98 117 117 98 98 97% 32% 33% 32% 87% 87% 87% 217% 217% 219% 22% 23% 23 Vi 53% 53% 54 30% 29% 30% 30% 30% 130% 130% 9% 10 Vi 153 18% 17% 18% 26% 26% 26% 40 40% 40% 139% 139% 140 123% 124 124% 33% 33% 33% 14 13 14% 113% 113% 112% 15% 15% 16% 58 Vi 58% 59 106% 106 7 7 27% 27% 27% 21% 22% 21% 59 58 148% 148% 149% 132% 132% 132% 31% 31% 31% 98 97% 98 128% 128% 128% 41% 104% 104% 105 108% 108% 108% 29 28% 29 113% 113% 113% 19 19% do. pfd.. . . St. Paul. . . . Tenn. Copper. Texas Pacific. Union Pacific. U. S. Rubber U. S. Steel. . do. pfd.. . . Utah Copper V. -C. Chem. . Wabash. . . do. pfd.. . . W. Union . . W. Maryland. W. Electric W. Central.. Total sales, 104% 29% 14% 148% 60 66% 106% 45% 26% 6% 62' ' 192,000 112% 159% 24 85 16% 92% 22% 104% 29% 14% 1 47 1 ^ 59 56% 106% 45% 25% "6% 112 24% 160% 24 85 16% 27 25 92% 22% 77% 104% 29% 14% 147% 68% 56% 106% 45% 24% 2% 6% 63% 61% 61% 43 shares. 24% 160% 23% 86% 16% 27 25 96% 22% 77 104% 29% 14% 148 Vi 56% 106% 44% 25% 2% 6% 62 »4 40% 62 % 43 STOCK GOSSIP 1 ? when the®*? cc anticipat in buying Into the While the market has a reactionary tendency, do not look for any decline of consequence. There seems to be steady accumulation of the better class of stocks on all recessions by the large Interests, who buy for a long pull and disregard temporary fluctuations. Prices of dividend-paying Issues are low', and if present crop prospects materialize at harvest time, we look for a continuation of large earnings for railroads, and a higher range of values before the end of the year.—G. D. Potter. The news from the Balkans Is not In spiring. Foreign traders are disposed to take profit. • • • Congressman Robert I,. Henry, of Texas, submits a rival currency bill to President Wilson. • • • The New Haven may select a new president to-day or Thursday. • • • The express rate decision may be rendered to-day by the Interstate Com merce Commission. The railroads may be denied advance, but may be ordered to discontinue high allowance paid to industrial owners of switching railroads, thereby saving $42,000,000 a year, says The American. • * • Information channels favor profit-tak ing. • • • The Erie Railroad agreed to join oth er roads in accepting any arbitration award, but will ask men to defer ef fective date until January 1, 1915. • • * It Is reported that the United Cigar Company will open a London branch. * * * New Haven Railroad earned between 5 and 5% per cent in 1913 and paid 7% per cent dividends. * * * Weld & Co. are offering $1,370,- 000 Baltimore and Ohio mortgage 50- year 4 per cent gold bonds at 89 and interest to yield about 4% per cent. MINING STOCKS. BOSTON, July 23.—Opening Calariz. 62%; New Haven. 102%; Allouez. 33%; Sheet Machine. 46%; Calumet Hecla Butte Superior, 27%; Quincy, 60. EGG8—Fresh country candled, 160 17c. BUTTER—Jersey and creamery. In 1-lb. block* 27%030c; fresh country, fair demond i6@18c. UNDRAWN POULTRY—Drawn, heart and feet on, per pound: Hens, 19c: fries, 22% @24; roosters, 8@10c; tur keys, owing to fatrese. 17(®i»c. LIVE POULTRY—Hens. 40045; roosters, 30@35c; broilers. 25 @ 30c per pound; puddle ducks, 30@3bc; Pekins, 85@40o; geese, 60@60o each; turkeyj. owing to fatness. 15a*i;«. FRUITS AND PRODUCE. FRUIT AND VEGETABLES—Lem ons fancy, $8 0009.00; cauliflower. 10@ 12%c lb.; banana*, 2vsc lb; cabbage, $2.00 per crate; peanuts, per pojnd, fancy Virginia, 6%@7c; choice, 5%@6c; beets. $1.76@2.00 In half-barrel crates; ccumbers, $1 25@1 50 Eggplants 75c @1.00 per crate; peppers, $1.2601.50 per crate; tomatoes, 9 fancy, six- basket crates, $2 00@2.60; onions, $1.00 per bu.; sweet potatoes, pumpkin yams, 80@85c. okra, fancy, six-basket crates, $1-500 1.76. FISH. FISH— Rream and perch, 7c pound; snapper, 10c pound; trout, 10c pound; bluensh, 7c pound; pompano, 20c pound; mackerel, 7c pound, mixed fish, 5@6c pound; black bass, 10c pound; mullet, $11.00 per barrel. FLOUR AND GRAIN. FLOUR- I'ostell’s Elegant, $7 76; Omega. $7 00: Carter’s Best. $6 25; Qual ity (finest patent), $6 40; Gloria (self rising), $6 00; Results (self-rising), $6; Swans Down (fancy patent), $6.00; Vic tory (the very best patent). $6.40; Mon ogram, $6.00; Puritan (highest patent), $5.65; Golden Grain, $5.60; Faultless (finest patent), $6.25; Home Queen (highest patent), $5.65; Paragon (high est patent. $5.75; Sunrise (half parent), $4.85; White Cloud (highest patent), $5.25; White Daisy (highest patent). $5.00; White Lily (high patent), $5.00; Diadem (fancy high patent). $5 75; Wa ter Lily (patent), $5.15; Sunbeam, $4.85; Southern Star (patent). $4 85; Queen Spray (patent). $4 85; Tulip (straight), $4.00; King Cotton (half patent), $4.75, low-grade. 98-lb sacks, $4 00. CORN—Choice red coh 90c, No. 2 white bone dry 87c, mixed 85c, choice yellow 85c, cracked corn 85c. MEAL—Plain 144-pound sacks 83c, 96- pound sacks 84c, 48-pound sacks 86c, 24- pound sacks 84c. OATS—Fancy white clipped 57c, No. 2 clipped 56c, fancy white 55c, No. 2 mixed 54c. COTTON REED MEAL—Harper $31 50 COTTON SEED HULLS—Square sacks $17.00 SEEDS—Amber cane seed $1.00, can* seed, orange $1.00, rye (Tennessee) $1.25, red top cane seed $1.36, rye (Georgia) >1.35, blue seed oats 50c, barley $1.26, Burt oats 70c. FEEDSTUFFS. CHICKEN FEED-Beef scrap. 100-1b. sacks, $3.25; 50-lb. sacks, $1.65; Purina pigeon feed, $2.20; Purina baby chick feed. $2.00; Purina scratch, 100-lb sks., $1.85; 50-Ih sacks. $2.00; Purina scratch hales, $2 05; Purina chowder, 100-lb sacks, $2.00; Purina chowder, dozen pound packages. $2.20; Victory baby chick, $2 00; Victory scratch, 60-lb sacks, $1.90; 100-lb. sacks. $1.85; wheat, two-bushel bags, per bushel, SJ .25; oyster shell, 80c; special scratch, l60-lb sacks. $1.80; Eggn, $1 85; charcoal. 50-lb sacks, per 100 pounds. $2 00. SHORTS- White, 100-lb sacks. $1.75; Halliday, white, 100-lb. sacks, $1.70; Jandy middling, 100-lb. sacks, $1.75 fancy, 75-lb. sacks. $1.75; P. W., 75-Ib. sacks, $1.65; brown, 100-lb. sacks, $1.55; Georgia feed, 75-lb sacks, $1.55; clover leaf, 75-lb. sacks, $1.60; bran. 75-lb sacks. $1.25; 100-lb. sacks. .$1.25; 60-lb sacks, $1.30; Homeoline, $1.50; Germ meal, Horreo, $1.50. GROUND FEED—Purina feed. 175-lb. sacks, $1.70; Purina molasses feed, $1.60; Arab horse feed, $1.70; Allnoeda feed, $1.65; Suerene dairy feed. $1.50; Mono gram. 10-lb sacks. $1.60; Victory horse feed, 100-lb sacks, $1.60; ABC feed, $1.55; milk dairy feed. $1.65: alfalfa molasses meal. $1.75; alfalfa meal. $1.40; beet pulp, 100-Ib. sacks, $1.60. HAY—Per hundredweight: Timothy choice, large bales. $1.20; large fancy light cloved mixed. $1.15; No. 1 small bales, $1.10; No 2 small $1; alfalfa pea green. $1.10, clover hay $1 20, Timothy standard, $1.05, Timothy small bales $1, wheat straw' 70c, Bermuda hav 90c, No 1 $1.20. wheat straw 70c, Bermuda hay 90c. GROCERIES. SUGAR—Per pound: Standard gran ulated 5c, New York refined 4%c, plan tation 4 85c. COFFEE—Roasted (Arbuckle) $24.60, A AAA $14.50 in bulk. In bags and bar rels $21, green 20c. RICE—Head 4%@5%c, fancy head 5% @6%c. according to grade. LARD—Silver leaf 13c pound, Scoco 8%c pound, Flake White 8%c Cotto- lene $7.20 per case. Snowdrift $5.85 per cape. SALT—One hundred pounds 53c, salt brick (plain) per ense $2.25, salt brick (medicated) per case $4.85, salt red rock per hundredweight $1, salt white per hundredweight Oc, Granocrystal, per case, 25 lb. sacks, 75c; salt ozone per case 30 packages, 90c, 50-lb. sacks. 30c: 25-lb. sacks 12c. MISCELLANEOUS—Georgia cane syr up 37c, axle grease $1.75, soda crackers 7%c pound, lemon crackers 8c. oyster 7c. tomatoes (two pounds) $1.65 case, • three pounds) $2 25. navy beans $3.25, Lima beans 7%c, shredded biscuit $3.60. rolled oats $3 90 per case, grits (hags) $2.40, pink salmon $7, cocoa 38c, roast beef $3 80, syrup 30c per gallon. Sterling ball potash $3 30 per case, soap $1.5004 per case, Rumford baking powder $2 56 per case. Corn and Oats Heavily Sold Despite Heavy Damage to Crops—Cables Firm, ST. LOUIS CASH QUOTATIONS. M heat -No 2 red 84V4088 Corn—No. 2 m Oats—No. 2 39 CHICAGO. July 23.—Lower cables and liberal receipts caused little lower open ing. but offerings were light and prices rallied under buying by cash and ex port houses which caused some short covering scattered commission houses to be moderate sellers on the bulge. General sell ..g of corn at the start on general rains in the Middle West and little In Kansas, causing declines of %@7c. The decline caused a good many resting orders to buy and the market made fairly good, recovery. The oats market followed com and was off %@%e at the start and firmed up later on buying by commission houses and shorts. Provisions opened with little change Trade light and mostly In lard. Prev. Close. 86% 90% 61% 62% 59% 39% 40% 40% WHEAT High. Low Close. July. . . 86% 86 86% 87% Sept. . . 87 M 86% Dec. . . CORN— 81V, 90% 90% July. . . 60% 61% Sept. . . 62 V, 61 % 62% Dec. . . OATS— 69Vi 58% 59 July. . . 29 M, 39% 38% Sept. . . 409. 39% 40 Dec. . . PORK— 42* <1 % 42% July. . .22.25 Sept. . .2155 Jan LARD— July. . .1167 Sept. . .1187 Oct. . .11.92 RIBS— July. . .11.77 Sept. . .11,90 . 11/65 Oct. 22 26 22 25 22.10 21 40 21 47% 21 42% 19.46 J} 6J% 11 67% 11 82% 11.85 11.85 1167% 11 90 11.80 11.95 11.72% 11.72% 11.75 11.82% 11.85 11.87% 11.60 11.62% 11 65 CHICAGO CASH. CHICAGO, July 23—Wheat. No. 2 red. new, 87 % 0 88; No. 3 red. new. 86%@ 87%; No. 2 hard winter, new, 87%@88%^; el'b ** hard winter, new. 87088; old, 87%@88; No. 1 northern spring, 91092. Corn, No. 2, 62Vi@62%; No. 2 white, 64, No. 3 yellow, 62@62%; No. 2, 63@ 63%; No. 3 white, 63%@63%; No. 3 yel low, 62% @ 63; No. 4, 61061%; No. 4 white, 62%@63; No. 4 yellow, 61@62. Oats, No. 4 white, 38%@39%; ^stand ard, 40%. ST. LOUIS CASH. « ST. LOUIS, July 23.—No. 2 red W’heat, 84%@86; No. 3 red. 840 84%; No. 3 red 83083%; No. 2 hard, 85@91; No. 3. 84 Corn No. 2. 66%; No. 3, 66; No 4 64- No. 2 yellow, 66%@67; No. 3 yellow', 66; No. 2 white, 67%@68; No. 3 white. 67. No. 2 oats, 39; No. 3, 38; No. 4, 37; No. i 2 white. 41%; standard new. 40%; old. 41; No. 3 white. 40@40%; No. 4 white, 39%. No. 2 rye, 65%. CHICAGO CARLOTS. Following are the receipts for Wed- nesday and estimated for Thursday: Wheat .... 590 472 Corn . 144 99 Oats 150 102 Hogs 25,000 19,000 PRIMARY MOVEMENT. WHEAT— 1913. 1512 Receipts 2,228.000 1.372,000 Shipments 691,000 608,000 CORN— i Receipts 504,000 441,000 Shipments 542,000 376,000 USES CYCLE FOR PATROL. COLUMBUS.—Patrolman Will Pat terson, while In the country on his motorcycle, saw Homer Thweatt, an escaped negTo convict from Harris County, strolling leisurely along. He took charge of the negro and brought him to the city on his motorcycle. The Chicago Inter Ocean says: “Wheat traders were inclined to ignore the big export business and argued that with a large movement and a tight money market, prices are not expected to work much higher and hold any ad vance. “It was said by corn traders last night that should there be good rains shown on the map to-day prices may go some lowpr, but that corn should be bought on any good break. “From the action of oats yesterday traders were inclined to look upon It as having been overbought in the last few days There Is a disposition, however, to buy on every decline.” * * * Chicago, raining, 67 degrees; Minne apolis, clear. 60, Springfield, Peoria, cloudy, 72; no rain; Terre Haute, clear, 80: Kansas City, part cloudy, 65; no rain; St. Louis, clear, 74: no rain; Omaha, cloudy, 75; light rain last night. • * • The August Government report Is to be Issued Friday, August 8, at 1:15 p. m., Central time. * * • Bears are predicting a liberal Western movement of wheat this week. • « * Liverpool weekly stocks were: Wheat, 3,216,000 bushels, and corn, 893,000 bush els. Wheat increased 464,000 bushels and corn unchanged * * * The Western hog run during the past week was 445,800. compared with 367,- 000 last year. The movement of pro visions from Chicago Is somewhat larger than last year and probably offsets the increased hog receipts. • * • A cablegram from the Institute of Ag riculture at Rome has been received by the Secretary of Agriculture at Wash ington giving tariff statistics on the world’s crops. The estimated produc tion of wheat in 1913 by counjfie.s is: Bulgaria. 64,401.000 bushej^- Spain, 110,100.000 bushels; England and Wales, 55,080.000 bushels; Italy, 198,417,000 LIVERPOOL GRAIN MARKET. LIVERPOOL July 23.—Wheat opened %d lower to %d higher. At 1:30 p. n.. the market was %d Tower to %d higher; closed unchanged to %d lower. Corn opened %d lower At 1:31) p. m. the market was % to %d lower; closed % to %d lower. LIVE STOCK MARKET. CHICAGO. July 23—Hogs—Receipts 25.000; strong. Market, strong. Mixed and butchers, 8.700 9.50; good heavy, 8.9509.35; rough heavy, 8.6008.90; light, 9.10@9.50; pigs, 8.2509.35; bulk. 9.100 9.35. Cattle—Receipts 18.000. Market weak. Beeves, 7.35@9.10; cows and heifers. 3.250 8.40; stockers and feeders, 6.25@ 8.00; Texans. 6.75 0 8.10; calves, 9.600 11.25. w Sheep—Receipts 20.000 Market strong. Native and Western, 3.00 0 5.26; lambs. 5.2507.65. ST. LOUIS. July 23.—Cattle receipts 5,000, Including 1,500 Southerns. Mar ket steady to strong; native beef steers, 5.500 8.75; cows and heifers. 4.7508.40: stockers and feeders, 5.2507.50: calves. 6.00@ 11.00; Texas steers, 6.250 8.00: cows and heifers, 4.2506.50; calves, 5.00 @6.50. Hog receipts, 9.000. Market firm, 5c lower; mixed. 9.30; good, 9.3009.40; rough. 8.7509.00; light, 9.3509.45; pigs, 7.2509.30; bulk, 9.3009.40. Sheep receipts, 6,500 Muttons, 3.26(ft) 4 00; yearlings, 4.7506.00; lambs. 6.25 @7.25. bushels. The combined production of Belgium, Bulgaria. Denmark. Spain, Italy, Luxemboura, Switzerland, the United States, India, Japan, Great Britain, European Russia and Hungary is estimated at 1,962,000,000 bushels, or, 100.2 per cent of last year’s production. • • • Bartlett. Frazier A Co.: “Wheat— There was a big export business worked yesterday, sales being 500,000 bushels, seaboard reporting 10<T loads. The con tinued buying by Europe acts as a check to the pressure put on the market by short sellers. “Corn—Prices may rule some easier to-day. but we do not look for any de cline of moment. “Oats—As in corn, local traders are figuring on a setback after the advance of 3c per bushel from the low point of last week. "Provisions—Cash business Is fair with shipments of lard and meats great er than last year.” B. W. Snow wires from St Paul: “Iowa corn crop in the Missouri Valiev is in perfect condition, deep color and making remarkable growth. Large part is now tasseling and there Is very little that Is noticeably late. Through South and Central Minnesota crop prospects equally good, but further advanced and earing heavily. Spring wheat harvest under way In Northern Iowa crop turn ing color In Mississippi Valley and promising good yield.” • * * John Inglis wires Logan from Bis marck: “Dickinson to Bismarck gen eral condition shows Improvement. Some fair yields in spots, but largest acreage very thin and short. Quality promises to be good. On the million acres w’est of the river doubtful if av erage exceeds seven bushels.” * * * Lyle wires Chapin from Kansas City: “Corn from Manhattan to Kansas City burned 5 to 30 per cent. Worst I have seen yet. It is losing daily and will con tinue until good rain® prevail. Kansas has not made under 100,000.000 bushels In any one year since 1901, and has often • looked more serious than now'. State has 5,000,000 acres in the 'eastern half. 1,^00,000 acres In J&e .western half.—