Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS.
STATE CHAMBER
£
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 p. 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 week*, 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 chhrge of
the \york of securing a charter for
the State chamber and the drafting ot
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 r ade 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 shall 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, ot
the Southern Railway, and .L A.
Pride of Norfolk, Va., representing
the Seaboard Air Bine, were among
the railroad men who addressed the
meeting. Other speakers were Dan
G Hughes, of Twiggs County , J hilip
G. Campbell, of Atlanta, founder of
the "Corn Club" movement; Robett
Maddox, of Atlanta; R. D. Cole. ° f
Newnan; C. D. McKinney, of Deca
tur and C. G. Bradley, ot Morgan
C °At nt i y 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 customan
street parade will have a basket pic
nic at Lakeside Park on Labor Day.
Special trains will be operated to the
House Still Toils
With Funds Bill
The House gave three hours to the
consideration of the general appro
priations hill 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 i he Soldiers’ Home
from $25,000 to $30,000 a year.
At 10 o’clock the House 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 schoo’s of the State. This is the
ex;u t 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 the last Legislature.
T
Anthony N. Brady
Dead in London
Special Cable to The Atlanta Georgian.
LONDON, July 23. Anthony N.
Brady, New York financier, died last
night in his rooms at the Hotel Chari
ton of heart disease.
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. 9
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 savings 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.
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
WHY, CHARLES ROBBINS!
THOMSON. CONN . July 23.—Nine
days after he had been presented
with a baby carriage as a PI 0 ™" 1 ™
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 ™ 0 ‘)}® r ’ -
Eliza C. Tift, postmaster at T.fton. He
was a son of the late "■ < TIC. ...
ton. The funeral was held In Titton
this afternoon.
2,000 Teamsters on
Strike in Cincinnati
CINCINNATI, OHIO. July 28 —Two
thousand teamsters went on strike to
day as the result of the order of the
union yesterday, following the break
between the men and the members ot
the employers’ association.
The oniy teamsters not affected are
the bakery and Ice wagon 'Inver
whose grievances were recently
PRESSMAN BANKRUPT.
ger Lawson Speer, a pressman,
nesdav in the I nited r
Court filed a voluntary pe-t. Ion in
:rupt<*y’. placing h ’f AA ,,a ® ,I,tles at
45 with assets of $100. •
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
used tobacco 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 its 1916 con
vention in Atlanta will be extended to
the Association of Real Estate Ex
changes, which soon will hold its 1913
gathering. The Atlanta invitation
will be drawn up by Mayor Wood
ward and presented to the convention
hv President Harry White, of the lo
cal branch of the organization.
\lderman I. N. Ragsdale, of the
Tenth Ward, Is back of the movement
to bring the real estate men to the
Gate City.
2 000 ATTEND REVIVAL.
DAI TON—A crowd of 2,000 persons
attended a revival meeting conducted
hv Rev E B Farrar in North Dalton
Tuesdat 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
Tuesdav the attendance being larger
than at'anv previous meeting Organiza
tion of the Whitfield County Farmers
Institute was perfected by the election
of D Puryear, president, and C. L. ros
ter, secretary.
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 poise.
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 be 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 get
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 growi
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 employe came to him and «x-
prcssed regret at leaving after fifteen
years' service, but the executive was
nonplussed, for he was not aw are 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
1 humble opinion is that without a
modicujn 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 cojrps. You can not
djeth the best 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 their 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 ahd
friends, at his beautiful home as his
guests for the afternoon and even
ing. Sur.h a gracious act makes more
for loyalty and honesty and industry
and service than all the* "efficiency”
maxims propounded in the 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, ;hat
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 bonny man, the world, it'8 true.
Wa* made for neither me nor you;
It's just a place to warstle through,
An Job confessed o't;
And aye the best that ice'll eon do
Is mak the best o't.
What you would like's a palace ha'
Or Sunday parlor dink an' braw
Wi' a' things ordered in a raw
By drnty teddies.
Wed. than, ye eannae hae't that's a'
That to be said is. *
As Robert Louis Stevens says:
Glossary—“Warstle,” wrestle. “Ha’,’’
j hall. "Dink an’ braw,” neat and pret
ty. “Denty leddies," dainty ladies.
The market has been very weak all j
day on predictions of unsettled weather
with showers over the western bell.
The selling for a w hile was general with
no sjH*eiai 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, tnough they are buying now
on the decline and express me belief
that the market should he bought on
soft spots regardless of weather condi
tions. especially with the jipot situation
so acute Though you hear a great
man} bearish expressions to the effect
that we have seen the high level for
some time to come J. M. Anderson.
* * *
Warehouse stocks In New York to
day 31,821; certificated 23,341 bales.
* * *
Rlordan 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 bale to the acre."
* • •
Dallas wires: ‘ 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, hut 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. 6.96: middling. 6.68; low
mlldling, 6.49; good ordinary, 6.01. or
dinary. 5.67.”
* * *
The New* Orleans Times-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 stanjrl 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 beer* wholly
liquidated and the wise hoys moved to
the ringside to watch the fun when the
‘riders’ should wake up. The news
spread slowly and the sensitive nerve
was 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’ hales will
be more quickly followed by a free
movement than is usual.”
THE WEATHER.
Conditions.
WASHINGTON, July 23 -There will
be thundershowers to-night or Thurs
day in the Atlantic and Fast Gulf States
and the Ohio Valley and showers to
night in the lower l^ake region, fol
lowed by generally fair weather Thurs
day. In the upper Lake region the
weather will be generally fair. It will
be somewhat cooler in the I^ake region.
General Forecast.
General forecast until 7 p. m. Wed
nesday:
Georgia—Showers late to-night o
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
Fast Texas—Fair in interior; showers
on coast to-night or Thursday.
Western Texas—Fair to-night and
Thursday.
CHICAGO CARLOTS.
Following are the receipts for Wed
nesday and estimated for Thursday:
1 Wedn’dav iT hursday
Wheat
590
472
< ’orn
144
99
oats
150
102
Hogs
1 25.000 |
19,000
PRIMARY
MOVEMENT
WHEAT—
| 1913. |
1912
Receipts
.1 2,228.000 1.372,000
Shipments ....
691.000 j
608,000
CORN— I :
Receipts
.1 504.000
441,000
Shipments ....
,| 542.000 j
376,000
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 Z 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
the call 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 25 points. This
together with 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.
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 *1.78, Octo
ber 11.44. January 11.44.
Fstimated cotton receipts:
Thursday. 1912
New Orleans 400 to 450 750
Semi-weekly interior movement
Y913. 1912.
1911.
Receipts
. . . 3.921 2
.944
3.162
Shipmen
8 .
. . . 10,380 1
.583
3,664
Stocks .
. . .117,687 79
.658
62,148
NEW
YORK COTTON
Cotton
quotations:
• 1 1
2:00
Prev.
IO
penjHlghj Low F.M.
Close.
July . .
12
1612.16 12.0412
0712
lb-16
Auk.
. 12
00 12.02 11.88 11
90 12
01-01
Sept
■ ill
68.11 .68 11.59111
59|ll
67-69
Oct. . .
. 11
45 11.45 11 .36 11
40 J 1
45-46
Nov. . .
..ill
38-40
Dec. . .
. ii
3 7111 .41)11.30 11
32 11
39-40
Jan.
. n
34 11.36 11.25HI
26 11
33-34
Feb. .
. . | |..... |..
. ill
34-36
Mch. . .
. ii
4311.43 11.33 11
37 11
41-42
May
.ii
.46 11.46 11.38;11
39 11
43-45
LIVERPOOL COTTON MARKET.
LIVERPOOL. July 23.—This mar
ket was due 21* 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 bales, including 7,000 American
bales; Imports 1,000 bales, of which none
were American.
At the close the market was steady
with prices at a net decline of 4* to 6
points from the final quotations of Tues
day.
Futures opened easier.
July . . .
July-Aug.
Aug.-Sept.
Sept. -Oct
Oct.-Nov.
Oct.-Nov. ,
Dec.-Jan. ,
Jan.-Feb. .
Feb.-Mch.
Mch.-Apr.
Apr.-May
May-June
Closed steady.
Opening
Range.
. .6.45
. .6.44*
. .6.36*
. .6.22
. .6.18
. .6.18
. . 6.15*8
. .6.13
. .6.14
. .6.16*
’.’6.18”
Prev
2 P M. Close. Close.
6.43* 6.42* 6.47
6.43* 6.42 6.46*
6.36 6.34* 6.39*
6.21 * 6.20 6.25
6.17* 615* 6.20*
6.17* 6.15* 6.20*
6.11 6.16*
6.12* 6.11 6.161
6.12* '6.17
6.15* 6.13* 6.18
6.14* 6.19
6.15* 6.20
STOCKS DECLINE
ON PROFIT-TAKING
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, but the re
cessions were not accompanied by any
indications of weakness, and as the
leader the one developed after the first
few minutes of trailing
United States Government 2s showed
a further decline this morning, 10.000 of
the bonds selling at 96*.,, a decrease
of -V
The Tendon 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.
(’all money loaning at 2*.
NEW YORK STOCK MARKET.
HAYWARD & CLARK’S
DAILY COTTON LETTER.
NEW ORLEANS, July 23—There
were 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, hut there was little In the in
terlor of the State. Indications are for
clearing weather in the Atlantics, cloudy
In the Central and Western States; more
general showers 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 about as due and quotes
spots 3 points lower; sales, 8,000 hales.
Futures weakened toward the close on
better weather news.
Our market opened at unchanged fig
ures. hut 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
against spots. Trading settled around
11.42 for October. While there 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 hales 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.
NEW ORLEANS COTTON.
STOCK--
High.
Low.
2:00
P. M
Prev.
Close.
Amal. Cop. . .
68*
68*
68*
68*
Am. R Sugar
24*
24',
24*
24%
Am. Can . .
32*
315.
32
32%
do. pfd. ..
93*
92*
92*
92%
A C. Fdy. ..
43 5.
43%
43%
It £
A. Cot. Oil..
38
38
38
37%
Am. Ice . . .
22
22
22
Am. Smelt. .
62*
62
62
62%
Am. Sugar . .
111*
111*
111*
111*
Anaconda. . .
34>,
34 V,
34%
?4V.
Atchison . . .
98
97*
»7%
98
B. and O. . . .
98
98
98
97*
Beth. Steel . .
331,,
32%
32*
88*
R R T . . .
875,
87%
87*
87%
Can. Pac. . .
218 *
217*
217*
219*
Cen. I^eath. .
23
22 7 W
22%
23 *
C. and O. . .
54
53*
53*
§4
C. F. and I..
30*
30*
30*
30%
Corn Prod.
10*
9*
9%
10*
Erie ....
26 V 4
26*
26*
26*
do. pfd. . .
40*
40
40
40*
Gen. Elec. . .
140*
139*
139*
140
G. N. pfd. .
124*
123*
123%
124*
Gt. West. . . .
14
14
14
14*
Interboro . . .
155,
15*
15*
15*
do. pfd. . .
59
$8 i
58 V,
59
M., K. and T.
22
21%
21*
21%
L. Valley . .
149
148*
148*
149*
L. and N.. . .
133
132*
132*
132%
Mo. Pacific. .
31**
31 *
31%
31*
N. Y. Central
98*
98
98
98
Northwest. . .
128*
128 *
128*
128%
N and W . .
104*
104%
104%
105
No. Pacific. .
108*
108*
108*
108%
O. and W.. .
29*
29*
29%
29
Penna....
11374*
113*
113%
113*
P. Gas Co.. .
112*
112*
112*
Reading.
l«05i,
159*
160*
160%
R. I and Steel
24*
24
24 U
23%
do. pfd.. . .
86 ?4
86
86
86*
Rock lRland .
16*
16*
16*
16%
So. Pacific. .
92*
92*
92%
96%
So. Railway
22 \
22*
22%
22%
St. Paul. . .
104*
104*
104*
104*
Tenn. Copper
29*
29*
29*
Union Pacific
148*
147*
147*
148 *
U S. Rubber.
60
59*
59*
U. S. Steel. .
56*
66*
53%
56%
do. pfd.. . .
106*
106*
106*
106*
Utah Copper.
45*
45*
45*
44*
V.-C. Chem. .
25 H
25*
25*
25*
Wabash, pfd..
«*
67i
6%
6*
W. Electric .
62
62
62
62*
LIVERPOOL GRAIN MARKET.
LIVERPOOL, July 23.—Wheat opened
V 4 d lower to *d higher. At 1:30 p. m.
the market was *d lower to *d higher;
closcsl unchanged to *d lower.
Corn opened *d lower. At 1:30 p. m.
the market was % to *d lower; closed
% to *d lower.
MILLER-COTTER COTTON LETTER.
MEMPHIS. July 23. Influence of 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.
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.
224,758 Added to
Federation of Labor
ATLANTIC CITY. N. J.. July 23 —
A big increase in the membership f
the American Federation of Labor is
noted in the report submitted at to
day’s meeting of the executive council
of the federation here.
In the last nine months of the fiscal
year ending June 30 the gain in mem
bership was 224,758. The total mem
bership at the close of June, 1913. was
2,026,716, against 1,703,749 for June
1912. During the last nine months 257
new* charters were granted.
WIFE SLAYER AT LARGE.
COLUMBUS.—Howard King, a ne
gro, who completely severed the head
of his wife Saturday night, after hav
ing shot a negro man three titties,
because he had spoken to her, is still
at large and absolutely no trace of
him can be found.
Cotton quotations:
I | I I 2:00j Prev
lOpenlHlgh! LowIP.M.I Close
July .
. .112
00
12
00
11
70
11
73112
00
01
Auk .
. .ill
95
11
95
11
69
11
73 11
94
95
Sept. .
. 11
65
57
Oct. .
. .! ii
51
ii
52
ii
40
11
44 11
50
51
Nov .
. .11
48
4'*
Dec. .
. .iii
48
11
50
n
38
11
41 11
48
49
Jan.
. .'ii
51
11
51
u
41
11
44 11
50
51
Feb.
. . 11
46
49
Mch .
. ii
54
ii
50
ii
50
ii
50 11
59
61
May
• ill
65
68
s
PORT RECEIPTS
The following (able shows
receipts at
the
ports
to-day compared
with the
same
day
last year:
1913.
! 1912.
New Orleans. .
1.147 l
601
Galveston
995
262
Mobile
*
52
Savannah
135
127
Charleston. . . .
51 .
Norfolk
764
238
New York. . . .
102
Boston
8
Pacific coast. . .
231 ! .
Total......
■| 3,327 |
1,390
INTERIOR MOVEMENT.
1913.
1912.
Houston. . ,
750
128
Augusta. . .
78
155
Memphis. . ,
418
761
St. Louis. . .
398
79
Cincinnati. .
.1 155
1,084
Total. . .
1,799
2,207
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. Later 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, which caused
a setback In October and November of
4 to 5 points.
COTTON MARKET OPINIONS.
A. Norden & 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 & Co.: We anticipate further
recession, but believe in buying into the
market when these come along.
The yearly statement of the Republic
Steel Company shows that the steel
business is in good shape and the stock
of this company and the United Steel
Corporation should sell considerably
higher before the end of the year. The
demand for copper metal is again quite
active and it is more than likely that
the price will show a gradually advanc
ing tendency.* Believe conditions justify
higher prices.—G. D. Potter.
The new’s from the Balkans is not in
spiring. Foreign traders are disposed
to take profit.
* • *
Congressman Robert L. 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 he
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, hut wfll ask men to defer ef
fective date until January 1, 1915.
* • •
It is reported that the United Cigar
Company will open a I.#ondon branch.
* •
New Haven Railroad earned between
5 and 5* per cent in 1913 and paid 7*
per cent dividends.
• • *
Monev is easing up. The readiness
with which time loans could be made at
rates from 3* to 4 per cent lower than
they were two weeks and less ago was
influential in creating optimism, it was
deemed significant that the supply of
funds should come from the Standard
Oil crowd. That group of financiers Is
closely watched in Wall street and any
indication of Standard Oil buying# is
heralded as a signal for bullishness If
the financiers of No. 26 Broadway are
willing to lend money on easy terms,
they must favor a rising market That
reasoning may not he correct, hut it
sounds plausible In more than one com
mission house.
• * •
While the market bus a reactionary
tendency, do not look for any decline
of consequence There seems to be a
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.
Weld & Co are offering $1,370,-
000 Baltimore and Ohio mortgage 50-
year 4 per cent gold bonds at 8s and
interest to yield about 4* per cent.
MINING STOCKS.
BOSTON, July 23.—Opening Calariz.
62*: New Haven. 102% ; Allouez, 33*.
Sheet Machine, 46*: Ca’umet Hecla,
425, Butte Superior, 27*; Quincy, 60.
BUTTER—Jersey and creamery. In
1-lb. blocks 27*©30c; freah country, I
fair demond *6©l8c.
UNDRAWN POULTRY—Drawn, head '
and feet on, per pound: Hens, 19c;
fries, 22 *©24, roosters, 8© 10c; tur
keys, owing to fatr ess. 17CSP l»c.
LIVE POULTRY—Hens, 40@45.
rooater8, 30©35c; broilers. 2&©30c per
pound; puddle ducks. 30©3bc; P*»klns,
85 ©40c; gvese, 60(a60o each: turkeys,
owmx to fatness, loWliu.
FRUITS AND PRODUCE.
FRUIT AND VEGETABLES—Lem
ons fancy, $8.00(0)9.00; cauliflower. 10©
12*c lb.; bananas, lb; cabbage.
$2.00 per crate; peanuts, per po ihd,
fancy Virginia, 6*©7c; choice, 5*3>6c;
beets, $l.76®2.00 in half-barrel crates;
ccumbers, $l.25©1.50 Eggplants 75c
©1.00 per crate; peppers. $1.25(0)1 50 per
crate; tomatoes, fancy, six- >asket
crates, $2.00©2.60; onions, $1.00 per bu.;
sweet potatoes, pumpkin yams, 80©85c.
okra, lancy, six-basket crates, $1.50©
1.75.
FISH.
FIST!—Bream and perch, 7c pound;
snapper, 10c pound: trout, 10c pound;
bluensh, 7c pound; nompano, 20c pound;
mackerel. 7e pound; mixed fish, 5©)6c
pound; black bass, 10c pound; mullet,
$1100 per barrel.
FLOUR AND GRAIN.
FLOUR— Postell's Elegant. 17 75:
OnieRu, $7 00; Carter’s Besi. $6.25; Qual
ity (finest patent), S6 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),
$6 65; Golden Grain. $6 60; Faultless
(finest patent). $6.25; Home Queen
(highest patent), $5.66; Paragon (high
est patent, $6.75; Sunrise (half pate it),
$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), $6.16; Sunbeam, $4.86;
Southern Star (patent). $4.85; Queen
Spray (patent). $4.85; Tulip (straight).
$4 00: King Cotton (half patent). $4.76,
low-grade. 98-lb sacks, $4.00.
CORN—Choice red cob 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 56c, No. 2
mixed 54c.
COTTON SEED MEAL—Harper $31.50
COTTON SEED HULLS—Square
sacks $17 00
SEEDS—Amber cane seed $1.00, cane
seed, orange $1.00, rye (Tennessee) $1.26,
red top cane seed $1 35, rye (Georgia)
1.35, blue seed oats 50c. barley $125,
Burt oats 70c.
FEEDSTUFFS.
CHICKEN FEED—Beef scrap. 100-lb.
sacks, $3.25; 50-ib. sacks. $1.66; Purina
pigeon feed. $2.20; Purina baby chick
feed $2 00; Purina scratch, 100-lb sks ,
si 85. 50-lb sacks. $2.00; Purina scratch
bales. $2.05; Purina chowder, 100-lb
sacks, $2.00; Purina chowder. dozer,
pound packages, $2 20; Victory baby
chick, $2.00; Victory scratch, 60-lb.
sacks. $1.90; 100-lb. sacks. $1 86; wheat,
two-bushel bags, per bushel, $1.25;
oyster shell, 80c; special scratch, 100-lb
sacks. $1.80. Eggo. $1.85; charcoal. 50-lb
sacks, per 100 pounds $2 00
SHORTS—White, 100-lb. sacks. $1.75;
Halliday. white, 100-lb. sacks, $i 70;
dandy middling. 100-lb. sacks, $1.75;
fancy, 75-lb. sacks, $1.75: P. W., 75-lb.
sacks, $1.65; brown, 100-lb. sacks. $1.66.
Georgia feed, 75-ll». sacks, $1.56; clover
leaf, 75-lb sacks. $1.60; bran. 75-lb.
sacks. $1.25; 100-lb sacks $1.26; 60-lb.
sacks. $1.30; Horneollne, $1.50; Germ
meal. Homeo. $1.50
GROUND FEED—Purina feed. 175-lb.
sacks. $1.70; Purina molasses feed, $1.60;
Arab horse feed. $1.70; Allneeda feed.
$1.65; Suerene dairy feed. $1.50; Mono
gram 10-lb sacks. $1 60; Victory
horse feed. 100-lb. sacks, $1.60; A B C
feed, $1.55: milk dairy feed. $1.66: alfalfa
molasses meal. $1.76; alfalfa meal. $1.40;
beet pulp. 100-lb. sacks, $1.60.
HAY—Per hundredweight: Timothy
choice, large bales. $1.20; large fancy
light cloved mixed. $1.16; 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 hay 90c, No
1 $1 4p. wheat straw 70c, Bermuda hay
90c.
GROCERIES.
SUGAR—Per pound: Standard gran
ulated 5c. New York refined 4*c, plan
tation 4 86c.
COFFEE—Roasted (Arbuckle) $24.60,
A AAA $14.50 in bulk, In hags and bar
rels $21. green 20c.
RICE-Head 4*©5*c. fancy head 5%
© k*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
case.
SALT—One hundred pounds 53c. salt
brick (plain) per ense $2 25, salt brick
(medicated) per case $4 86, salt red rock
per hundredweight $1, salt white per
hundredweight 90c, 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, grit? (frags)
$2.40, pink salmon $7, cocoa 38c. roast
beef $3 80. syrup 30c per gallon. Sterling
ball potash $3 30 per case, soap $1.50@4
per case, Rumford baking powder $2 5$
per case.
Ex-Prison Official
Becomes a Convict
JACKSON. MISS.. July 23.—J. L.
McLendon, former sergeant at the
Rankin convict farm, when arraign
ed at Brandon, pleaded guilty to
grand larceny and was sentenced to
six months in the penitentiary. He
confessed to Governor Brewer that
he engaged in a conspiracy to rob the
State, and implicated A. P. Miller
and Gaines Purvis. They will be ar
raigned later.
The men. according to Miller's con
fession. hauled away farm products
at night and divided the proceeds
from the sales.
Corn and Oats Heavily Sold
Despite Heavy Damage to
Crops—Cables Firm.
ST. LOUIS CASH QUOTATIONS.
Wheat No. 2 red 84 *© 86
Corn—No. 2 ... 66*
Oats—No. 2 39
CHICAGO. July 23.—Lower cables and
liberal receipts causer! 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 selling 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 corn and
was off *©%c 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.
High Low
Close
WHEAT—
July. . . 86*
86
86%
86*
Sept. . 87*
86*
87%
87
Dec. . . 91*
90*
90%
90*
CORN—
July. . . 261*
60%
61*
61*
Sept. . . 62*
61%
62 Vi
62*
Dec. . . 59%
58*
59
59*
OATS —
July. . . 39*
39%
38%
39*
Sept. . . 40*
39%
40
40*
Dec . 42*
11%
42*
40*
PORK—
July. . .22.25
22.25
22 25
22.10
Sept. . .21.55
21.40
2! 47%
21.42*
Jan.
19.45
LARD-
July. . .11.67*
11 67*
11.67*
11.82*
Sept. . .11.87*
11.85
11.85
11.67*
Oct. . .11.92*
41.90
11.80
11.95
RIBS—
July. . 111.77*
11.72%
11.72%
11.75
Sept. . .11.90
11.82*
11.85
11.87*
Oct. . .11.65
11.60
11.62*
11.65
Aged Brothers End
30 Years' Quarrel
VALDOSTA, July 23.—A reconcil
iation took place this week between
two aged brothers, among the most
respected citizens of this section, aft
er an estrangement of 30 years. Al
though during that long time they
lived only a few miles apart, they had
not spoken to each other.
Recently the elder brother was
thrown from his buggy, and believing
that he was probably fatally hurt,
sent for the estranged brother to come
and make friends. The younger
brother promptly accepted the Invita
tion.
USES CYCLE FOR PATROL.
COLUMBUS.—Patrolman Will Pat
terson, while in the country on his
motorcycle, saw Homer Thweatt, an
escaped negro convict from Harris
County, strolling leisurely along. He
took charge of the negro and brought
him to the gity on his motorcycle.
AUTO MAN BANKRUPT.
John Dean Wells, representing the
Michigan-Georgia Motor Company in
this city. Wednesday filed a voluntary
petition in bankruptcy, placing liabili
ties al $11,488.28 with assets of $4,390.
LIVE STOCK MARKET.
CHICAGO, July 23.—Hogs—Receipts
5.000; strong. Market, strong. Mixed
and butchers. 8.70© 9.50; good heavy,
fe 96©9.36: rough heavy,* 8.60©-8.90; light,
9.10© 9.50; pigs, 8.25© 9.35; bulk. 9.10©)
9.36.
Cattle—Receipts 18.000. Market weak.
Beeves. 7.36©9.10; cows and heifers,
3.25(0*8.40; Stockers and feeders, 6.26©
8.00; Texans. 6.75©8.10; calves, 9 60©
11.25.
Sheep—Receipts 20,000 Market strong.
Native and Western, 3.00©6.26; lambs,
5.25© 7.65.
ST. .LOUIS, July 23.—Cattle receipts
5.000. including 1,500 Southerns. Mar
ket steady to strong, native beef steers,
5.50©8.75; cows and heifers. 4.75©8.40;
stockers and feeders, 5.25©7 60; calves,
6.00© 11.00; Texas steers, 6.25©8.00;
cows and heifers, 4.25(^6.50; calves, 5.00
©6.50.
Hog receipts, 9,000 Market firm, 5c
lower. mixed, 9.30: good. 9.30©9.40;
rough. 8.75©9.00; light. 9.35©9.45; pigs,
7.26© 9.30; bulk. 9.30© 9.40.
Sheep receipts, 6,500. Muttons. 3.25©
4 00. yearlings, 4 75©6.00; lambs, 6.25
©7.25.
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 anv ad
vance.
“It was said by «*orn traders last night
that should there be good rains shown
on the map today prices may go some
lower, 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 countries is:
Bulgaria. 64,401,000 bushels; Spain,
110,100,000 bushels; England and Wales.
55,080.000 bushels; Italy, 198.417,000
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 & Co.: "Wheat-—
There was a big export business worked
yesterday, sales being 500.000 bushels,
seaboard reporting 100 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-clay. but we do not look for any de
cline of moment.
“Oats—As in corn, local traders arc
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 Valley
is in perfect condition, deep color and
making remarkable growth. I^arge part
is now tassefing 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 ^ood yield.”
• * •
John Inglis wires Logan from Bis
marck: “Dickinson to Btsmarck 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 west 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 rains 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
bs If. 1,500,000 acres in the western
half.”