Atlanta Georgian. (Atlanta, Ga.) 1912-1939, July 23, 1913, Image 13

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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.”