Newspaper Page Text
THE ATLANTA GEORGIAN AND NEWS.
11
JUGGLERSEEN
Says Revolutionary Spirit Is Ram
pant, Which Presages Laws to
Stop Manipulations.
By B. C. FORBES.
"How did th«y make their mil
lion#?”
• * •
That question is often put to me
when I seek to defend certain finan
cial, railroad and industrial leaders
against grave charges. I’m tempted
to mention name* that are freely
held up as examples of men who got
rich quick—tob quick. For some of
them no defense can be offered.
They have been out-and-out jugglers,
polite swindlers, suave orooks.
* * *
“How can men working on salary
—even $100,000 a year—become mil
lionaires in a few years without hav
ing been dishonest?” is another form
of the query.
• * •
Well, the most charitable explana
tion. and one near the truth in many
instances, can be given in two words:
“Inside information.”
* * *
LAWS ARE COMING THAT WILL
FORCE “INSIDE INFORMATION”
TO BE TRANSFORMED VERY
PROMPTLY INTO PUBLIC IN
FORMATION. THE “INS'DER’S”
PRIVILEGES ARE TO BE CUR
TAILED RADICALLY.
* * •
I have been tremendously impress
ed by the depth and warmth of pub
lic discontent’ over the tactics of
speculating directors, over the in
iquitous habit of many “insiders” in
using exclusive information for their
personal aggrandizement.
* * *
Directors are servants of security
holders, not their masters. They are
elected by stockholders TO SERVE
them, not to deceive them. Too many
directors forget this, "foo many of
them forget their responsibilities in
their anxiety to turn their conferred
powers into cash for their own bank
accounts.
* * •
The handwriting points to import
ant changes, to much-needed laws
governing the action of directors and
officers of corporations.
• * *
Guilt must be brought home to
INDIVIDUALS, not to corporations.
Some PERSON is responsible for
every act committed. Very .well, let
the new laws aim at punishing the
criminal MEN.
* * •
I hope to prepare a short, simple
digest of the excellent British laws
which cover this subject. These
laws are singularly effective. They
fasten responsibility on individuals,
never on corporations. Occasionally
there are financial scandals in Eng
land, but Whitaker Wrights are
thrown into prison there, whereas
they go into palaces here and be
come, instead of convicts, “gentle
men” of note, fawned upon and flat
tered and kow-towed to because of
their wealth.
* * •
In this country we have sought to
hold the New York Stock Exchange
accountable for financial exploits
which ought to be dealt with by the
law. The Exchange was wofully lax
in days gone by, but it is really be
stirring itself now. Yet its power is
limited. It cannot reach as far as
the arm of tn© law. It is impotent to
cure many evil* that urgently need
to be cured, and WHICH WILL BE
CURED.
* •* *
Let “insiders” hug no delusions on
that point. The people are nursing
their wrath. The intensity of their
indignation has been a revelation to
me withjn the last few weeks. I al
most tremble to contemplate the laws
j that are bound to be evolved out of
the latent anger.
* * •
Huge fortunes will be rolled up
less easily and at more risk by flim-
fla mming in the future. The public
will find a way to learn “Where did
you get it?” There will be fewer
financial mysteries, fewer sensational
episodes* in the stock markets, fewer
bursting bubbles—and more convic
tions of high-placed individuals for
schemes designed to enrich them
selves at the expense of the public.
Every dollar seized by the unscrup
ulous manipulator has had to be earn,
ed by the toil of some genuine worker.
Dollars do not spring into existence
by printing stock or bond certificates.
Someone has had to sweat for them.
* * *
This will bring upon me the cen
sure of certain financial people. They
will call it “yellow.” If these, my
critics, were brought as dose to the
public as I am by reason of the na
tion-wide circulation of the Hearst
newspapers and the confidence of the
public in the honesty of our purpose,
they w/>uld spend their breath, not
in condemning me for voicing a warn
ing, but in exhorting their own class
to remove every occasion for reproacn
and every necessity for revolutionary
laws.
Former Atlantan Is
Held for Homicide
HOUSTON. TEXAS, July 25.—J.
B. Dub, an automobile salesman, who
lived In Atlanta until his removal to
Texas a few months ago, has been
placed under a small bond to ap
pear before the Grand Jury to answer
for the death of L. Juenger.
Juenger died from injuries caused
by the striking of hts head upon the
sidewalk when knocked down by Dub.
The quarrel occurred July 4, and
Juenger lingered in a semi-conscious
state until Wednesday.
CAMPER ACCIDENTALLY SLAIN.
HUNTSVILLE, ALA.. July 25.—
Emmett C. O’Neal, a well-known
young newspaper man of Huntsville,
was accidentally killed by a revolver
in the hands of Fulgham Hall, a fel
low member of a camping party near
here.
Youngsters After
Shetland Outfits
m 10
( mA
y
* Mildred Brickman, 48 Kirkwood
I ■ , :
Charles Walker, 299 Ashby St.
II PRIZE PONIES
Thirteen More Arrive From South
Carolina—Red Letter Ballots
Will Help Win One.
The 22 ponies to be awarded to
The Georgian and American con
testants are all on hand. Thirteen
arrived Thursday, by express, from
John Gk Mobley’s farm, Winnsboro,
S. C., and now are with the nine
others in the rear of 55 Loomis street.
The bakeY’s dozen of little animals
stood the journey well, and. indeed,
were frisky when unloaded and pass
ed before the veterinary inspector
They are strangers to ttre city and
seemingly took great interest in the
street cars, the pavements and the
other sights which were new to them.
Nothing wins now but subscrip
tions for The Georgian and Ameri
can, and subscription to the Sun
day American count the fastest, on
account of the Red Letter Ballots.
By the use of these Redl Letter
'Ballots, a two-year subscription to
The Sunday American yields the con
testant 4,500 votes, and a one-year
subscription 2,000 votes, whiie even
a six-months subscription yields 800
votes. It should be explained that
these are not extra votes. The extra
votes are included in theee totals.
The Red Letter Ballot offer ends.
Tuesday night. It is not necessary
to clip the ballot from the paper to
have these votes counted. It is suffi
cient to write “Red Letter Ballot” in
one corner of the blanks with which
the contestants all are provided. And
there is no limit to the number of
these “Red Letter Ballots” which may
be voted.
GAMBLERS INDICTED; FINED.
CARTERSVILLE.—The July Grand
Jury returned 86 true bills, including
indictments against a number of
prominent young men for gambling.
Practically all pleaded guilty and were
given light fines by Judge Fite. Pro
prietors of local drug stoi'es were in
dicted for selling cigarettes to minors.
M’Clure’s Employees
Hold Yearly Picnic
Emloyees of C. W. McClure's 5 and
10-cent store held their annual picnic
at Silver Lake Wednesday. More
than a hundred persons were present.
The feature of the occasion was ar»
old-fashioned picnic dinner, person
ally superintended by Mrs. McClure,
which was served at 1 o’clock. Dur
ing the morning there was boating,
bathing and foot races.
A baseball game between the re
tailers, lead by “Blondy” Cain, and
the wholesalers, lead by “Lanky”
Reams, was played in the afternoon,
and was followed by a watermelon
cutting.
Hot Air Marks Claim
To Perpetual Motion
TURIN, July 25.—Tests have been
made before scientists here of a ma
chine invented by a mechanician
named Florio. by w’hich, it is claimed,
perpetual motion is demonstrated.
The machine collects the inex
haustible caloric energy of the air
and transforms it into mechanical
energy. The air is supplied auto
matically. and the apparatus is in
continuous motion by reason of the
passage of the gas from the warmer
atmosphere to the colder water.
Atlanta Markets
EGGS—Fresh country, candled, 16@
lie.
BUTTER—Jersey and creamery, in
1-lb. blocks 27ft'@30c; fresh country,
fivir demond. l5<0>18c.
UNDRAWN POULTRY—Drawn, head
and feet on, per pound; riens, 19c;
fries, 22ft@24; roosters, 8@10c; tur
keys, owing to fatress. 17@iyc.
LIVE POULTRY—Hens. 40(0)46;
roosters, 30@35c; broilers. 25<g:30c par
pound; puddle ducks. 30@3bc; Pekins,
35@40c; gvese. 50(ri)60c each; turkeyj.
owing to fatness. loGtfi.v.
FRUITS AND PRODUCE.
FRUIT AND VEGETABLES—Lem
ons. fancy, $8.00@9.00; cauliflower. 10@
12ftc lb.; bananas, 2-^c lb; cabbage,
$2.00 per crate; peanuts, per pojnd,
fancy Virginia, 6ft @7c; choice, 5ft @6c;
beets. $1.7o(g>2.00 in half-barrel crates;
ccUmbers, $1.25@1.50. Eggplants 75c
(y-1.00 per crate; peppers, $1.25(0)1.50 per
crate; tomatoes, fancy, six-basket
crates, $2.00@2.50; onions. $1.00 per bu.;
sweet potatoes, pumpkin yams, 80@86c.
okra, fancy, six-basket crates, $1.50(0
1.75.
FISH.
FISH—Bream and perch, 7c pound;
snapper, 10c pound; trout, 10c pound;
bluensh, 7c pound; pompano, 20c pound;
mackerel, 7c pound; mixed fish, 5(06c
pound; black bass, 10c pound; mullet,
$11.00 per barrel. *
FLOUR AND GRAIN.
FLOUR—Postell’s Elegant, $7.75;
omega, $7.00; Carter’s Resi $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 patent),
$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 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 55c, No. 2
mixed 54c.
COTTON SEED MEAL—Harper $31.50
COTTON SEED HULLS—Square
sacks $17.00.
SEEDS—Amber cane seed $1.00, can*
seed, orange $1.00, rye (Tennessee) $1.26,
red top cane seed $1.35, rye (Georgia)
35, blue seed oats 50c. barley $1.25,
Burt oats 70c.
FEEDSTUFFS.
CHICKEN FEED—Beef scrap. 100-lb.
Sacks, $3.25; 60-lb. sacks, $1.65, Purina
pigeon feed. $2.20; Purina baby chick
feed. $2.00; Purina scratch, 100-lb ska.,
$1.85; 50-lb. sacks. $2.00; Purina scratch
bales, $2.05; Purina chowder, 100-lb
sacks, $2.00; Purina chowder, dozen
pound packages. $2.20; Victory baby
chick, $2.00; Victory scratch, 50-lb.
sacks, $1.90; 100-lb. sacks. $1.85; 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. $1.76;
Halliday, white, 100-lb. sacks, $1.70;
Jandy middling. 100-lb sacks, $1.75;
fancy, 75-lb. sacks. $1.75; P. \V., 75-lb.
sacks. $1„65; brown. 100-Lb. sacks, $1.55;
Georgia feed, 75-Ib. sacVrs, $1.55; cflover
leaf, 76-lb. sacks. $1.60; bran, 75-lb.
sacks. $1 25: 100-lb sacks. $1.25; 50-lb.
sacks, $1.30; Hoineoline, $1.50; Germ
meal, Homeo, $1.50.
GROUND FEED—Purina ford. 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-
pram. 10-lb sacks. $1.60; Victory
norse feed, 100-lb. sacks, $1.60; ABC
feed, $1.65; milk dairy feed. $1.65; alfalfa
molasses meal. $1.75; 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, $115: 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 70e, Bermuda hay 90c, No
1 $1.20. wheat straw 70c, Bermuda hay
90c.
GROCERIES.
SUGAR—Per pound: Standard gran
ulated 5c. New York refined 4ftc, plan
tation 4.86q.
COFFEE—Roasted (Arbuckle) $24.50,
AAAA $14.50 In bulk, in bags and bar
rels $21, green 20c.
RICE—Head 4ft<8>5ftc. fancy head 5ft
'(i6ftc. according to grade.
LARD—Silver leaf 13c pound, Scoco
$**0 pound. Flake White 8ftc Cotto-
lene $7.20 per case, Snowdrift $5.85 per
case
SALT—One hundred pounds 53c, salt
brick (plain) per cnee $2.25, salt brick
(medicated) per case $4 *5, salt red rock
per hundredweight $1, salt white per
hundredweight 90c. Granocrystal, per
case. 25 lb. sacks, 75c; salt ozone per
•ase 30 packages, 90c, 50-lb. sacks, 30c;
25-lb sacks 12c
MISCELLANEOUS—Georgia cane syr
up 37c, axle grease $1.75, soda crackers
7ftc pound, lemon crackers 8c. oyster
7c, tomatoes (two pounds) $1.65 case,
• three pounds) $2 25, navy beans $3.25,
Lima beans 7fto, shredded biscuit $3.60,
rolled oats $3 90 per case, grits (frags)
$2.40, pink salmon $7. cocoa 38c. roast
hepf $3 «0. syrup 30c per gallon, sterling
hall potash $3 30 per case, soap $t.60<£?4
per case, Rumford baking powder $2.5$
per case.
CANTON DEPOT SAFE BLOWN.
CANTON.—The Louisville and
Nashville Railroad depot at this place
was burglarized at 3:30 o’clock this
morning The safe was blown, but
the burglars got no money.
MINING STOCKS.
BOSTON, July 25.—Opening: East
Butte lift. New Haven 1004*, Ameri
can 20ft. Calumet 63. North Butte 27ft,
Pond Creek 20, Superior and Boston
2 9-16.
STOCK MARKET | COTTON MARKET
By CHAS. W. STORM.
NEW YORK, July 25 Another halt
in the buying movement what Is evi
dence on the stock market at the open
ing to-day, and a generally lower tone
prevailed.
The new’s of the Government's stilt
against the American Telephone and
Telegraph Company was used as a rea
son for pressure against that stock,
which declined 1ft.
Other losses were: Southern Pacific
ft, Union Pacific ft, Steel common ft,
American Locomotive ft, Canadian
Pacific 1ft, New Haven was up ft
Other shares moved irregularly with
the changes equally divided between
gains and losses.
Trading in London was irregular.
The curb market was steady.
NEW YORK STOCK MARKET.
Stock quotations up to noon:
Prev.
STOCKS— High. Low. Noon. Close
Amal. Copper. 69ft 69 ft 69ft 70 ft
Am. Beet Sug. 26 25ft 25ft 25ft
American Can 33ft 32ft 33ft 32ft
do, pref. .. 92ft 92ft 92ft 92ft
Am. Car Fdy.. 44 44 44 43ft
Am. Cot. Oil.. 38ft 37ft 38ft 37
American Ice. 23ft 22 23ft 22
Am. Locomo... 31 31 31 31 Vi
Am. Smelting. 63 ft 63ft 63ft 63ft
Am. Sug. Ref.. Ill 110ft 110ft 110
Am. T.-T. ... 127ft 126ft 12«ft 127ft
Am. Woolen 16ft
Anaconda .... 35ft 35ft 36ft 35ft
Atchison 98 ft 98ft „ 98ft 97ft
A. C. L 119 119 119 119
B and 0 98 98 98 97ft
Beth. Steel.... 34ft 34ft 34ft 34ft
B. R. T 88 87ft 88 87ft
Can. Pacific.. 218 217ft 218 218ft
Cen. Leather 24
C. and 0 54ft 53 ft 54 54 Vi
Colo. F. and I. 32ft 32 32ft 31ft
Consol. Gas... 131ft 131ft 131ft 131ft
Distil. Secur... 14 14 14 ....
Erie 26 ft 26 ft 26ft 26 ft
Gen. Electric... 140ft 140ft 140ft 139ft
G. North, pfd. 125 124ft 125 124ft
G. North. Ore. 35ft 34 35ft 33ft
III. Central... 113ft 113ft 113ft 113
M. , K. and T. 22ft 22ft 22ft 22ft
L Valley. . . 149ft 149 149 149ft
Mo. Pacific. . 32ft 32ft 32ft 32ft
N. Y. Central 98ft 98ft 98ft 98ft
N. and W.. . 105V* 105ft 105ft 104ft
No. Pacific. . 109ft 108ft 109ft 108ft
Penna. . . . 112ft 112ft 112ft 113%
Reading . . . 161ft 161ft 161ft 161ft
R. I. and Steel 25ft 25 25ft 26
Rock Island . 17ft 17ft 17ft 16ft
do. pfd.. . . 28ft 28ft 28ft 28ft
So. Pacific. . 92ft 92ft 92ft 92ft
So. Railway . 23ft 23 ft 23 ft 23ft
St. Paul. . . 105ft 105ft 105ft 105ft
Tenn. Copper. 29ft 29ft 29ft 29ft
Texas Pacific 15ft 15ft 15ft 15ft
Union Pacific 149ft 148ft 149ft 149ft
U. S. Steel. . 58ft 57ft 58ft 58
do. pfd.. . . 107 106ft 107 106ft
Utah Copper. 46 ft 46 ft 46 ft 46 ft
V. -C. Chem. . 26ft 26ft 26ft 25
W. Union . . 64 64 64 64
W. Electric . 62ft 62ft 62ft 62 ft
Cotton quotations:
July .
Aug .
Sept. .
Oct.
Nov. .
Dec. .
Jan. .
Feb .
Mch.
May .
[Open!High [Low ]N
U.75I11.
11.50 11
11.36111.
11.20111.
11.80 11.80
11.55111.67
ill .37 11.39
11 .25111.29
11 .17(11.23
'll .10111.15
11.16 11.16
'll .2111.2411.19 U.
(11.21)11.22)11.21 ill
ii .is lr.
11 .07(11.
11.16(11.
LIVERPOOL COTTON MARKET.
Futures opened easy
Opening.'
July . . .
July-Aug.
Aug.-Sept
Sept.-Oct.
Oct.-Nov.
Nov.-Dec.
Dec.-Jqn.
Jan.-Feb
Feb.-Mch.
Mch.-Apr.
Apr.-May
May-June
Range. 2 P M.
.6.36 6.35 ft
• 6.35ft 6.35
.6.28 6.27
615 6.14ft
.6.14 6.10
.6.06 6.05
. 6.05
.6.04
.6.06ft ...
• 6.06ft 6.08
• 6.09ft
6.10ft 6.10
6.05 ft
Close.
6.32 ft
6.32 ft
6.24ft
6.13ft
6.09
6.04ft
6.05 ft
6.04ft
6.06
6 07
6.08
6.09 ft
” —*■ • • .“.iv/j n.iv
Closed quiet but steady
NEW ORLEANS COTTON.
Cotton quotations!
I
Wool Market Active,
With Narrow Range
BOSTON, July 25.—Greater activity is
noted in the local wool market, sales
for the past week being estimated at
fully 1,500,000 pounds. Much sampling
has been done, but prices are no higher
nor is any immediate advance likely.
Recent buying has been largely to cover
actual needs, as members have been
getting some business recently. Buying
of the Montana clip is progressing
slowly. Prices are practically un
changed. Marketing of the early-bought
wools is proving to be more profitable
than at one time seemed possible. Ap
parently this may be credited to the de
lay in the passage of the new tariff
bill.
Receipts of wool in pounds for the
week ended and including Wednesday
were as follows;
1913. 1912.
Domestic 7.497.879 15,511.874
Foreign 30,521 862.875
Totals 7.528.409 16.374,749
Total receipts of 7,528,409 pounds, com
pared with 10,146,968 the preceding
week, of which 9,751,818 were domestic
wools.
Receipts in pounds from and includ
ing January 1. 1913, as compared with
the corresponding period in 1912, were
as follows: i
1913. 1912.
Domestic 70,857.072 119,205,545
Foreign 41,975.880 77,118,231
Totals 112.832,952 196,323,776
July .
Auk. .
. .11.
Sept. .
Oct.
.111.
Nov .
Dec. .
• 11
Jan. .
. .11
Feb. .
Mch. .
. .Ill
•-lr----7
...I
11.30-32
GRAIN MARKET
Mining Stocks Hold
Up Despite Strike
BOSTON, July 25.—Copper stocks in
Boston have been more active since the
Michigan strike began and shares of tlie
mines in that district have held up well.
The selling has been mostly in small
lots. Trailers think that the price of
the metal Is going to advance materially
and that for a time there will be larger
profits, as there is considerable I^ake
Copper In stock. It has been going slow
• luring the recent buying movement. A
broader market is looked for in view of
the demand in the visible supply of cop
per in general and the fact that Ameri
can consumers have kept out of the
market to await lower prices and now
have small stocks on hand.
issues outside the Lake have ad
vanced as a rule.
High
WHEAT—
J ulv 86 ft
Sept 87
Dec 90 ft
CORN—
July 61
Sept 62 ft
Dec 59
OATS -
July 38 ft
Sept 40ft
Dec 42 Vi
PORK—
Sept. .. . 21.3
LARD-
Sept.... 11.80
Oct 1187ft
RIB» -•
July
Sept. . . . 11.80
Oct 11.60
Low.
85 ft
86' 4
89 ft
38 ft
39ft
41ft
Previous
Noon. Close.
85ft 86ft
87
89 ft 90 ft
60 ft 61 Vi
61ft 62ft
58 ft 59
ft 21.37ft 21.37ft 21.47 V
11.77ft
11.82ft
11.80
11.57 ft
11.77ft
11 82 ft
11.80
11 57ft
11.85
11.90
P 11.77ft
11.87ft
11.65
E. A. C0PELAN PRESIDENT OF
MARY-LEILA COTTON MILLS
GREENSBORO, GA.. July 25.—At a
meeting of the stockholders of tha
Mary-Leila Cotton Mills. E. A. Copelan
of Greensboro, was elected president to
fill the vacancy caused by the death of
W. R. Jackson. W. P. McWhorter, of
Woodville, was elected vice president,
and P. F. Merritt, of Greensboro, was
re-elected secretary, and treasurer. E.
W. Cop&lan, of Greensboro, was chosen
a director to fill the vacancy caused by
the death of Mr. Jackson.
STOCK GOSSIP
LIVERPOOL GRAIN MARKET.
LIVERPOOL. July 25 Wheat opened
unchanged to ftd lower; at 1:30 p. m
the market was ftd to ftd lower Closed
ftd to ftd lower.
Corn opened ftd lower; at 1:30 p. rn
the market was ftd lower. Closed ftd
lower.
Grain Notes
G. D. Potter says: “I believe the ad
vance in the stock market will continue
for some time, with the usual reactions
that come from time to time in every
bull market. 1 would advise the pur
chase of good dividend-paying issues on
reactions, especially stocks like Union
Pacific, Reading, Copper and Steel.”
• • •
Government brings suit against the
American Telephone and Telegraph
Company to dissolve its connection with
the Northwestern Long Distance Tele
phone Company and other former inde
pendents.
• * *
Twelve Industrials advanced .81.
Twenty active rails advanced .55
• • *
The New York Financial Bureau
says: Favorable reports are received
from the Bank of England and the
Bank of France
"Information channels, as a rule, look
for further improvement.
"Some continuation of the broadening
tendency, with professional realizing
during strong periods, may be seen to
day We would not reach for stocks,
but would buy conservatively on favor
able opportunities for fair profits. ’
The Chicago Inter Ocean says: "It is
the general belief of the wheat trade
that constant export buying will be
necessary to maintain the present level
of prices, until sufficient of the surplus
has been disposed of to make its in
fluence felt as a bullish factor
“It Is the gossip of the corn trade that
conditions in the corn market are the
reverse of those prevailing last winter.
Then the crowd was all bearish and sell
ing short, while the Armour Grain Com
pany was. bullish and took hold of the
market despite the unfavorable local
speculative position and made a good ad
vance. Armour Grain Company is un
derstood to be bearish ami has been
selling corn short for several davs. while
the local crowd is bullish and is buying
all the corn the Armour Interests have
"Oats specialists said last night that
95 per cent of the local traders wen-
bearish.”
DOG ROUTS FOOTPAD.
WAYCROSS.—As he was In the act
of striking I)r. W M. Folks in front
of the home of Dr. Frank C. Folks, lat.
last night, an unknown negro was at
tacked by Dr. Folks’ dog. The negro
climbed a fence and escaped. Robbers
is believed to have been his motive
FORMER GEORGIAN DEAD.
COLUMBUS.—Information has been
received in Columbus from Longview ,
Tex, of the death of Mrs. Blanch*
Long, 92 yeads of age. Mrs. Long
resided in Columbus 50 years ago
She has many relatives throughout
Georgia*
NEW YORK. July 25.—At the start
to-day the cotton market was stead> at
a net decline of 4 to 7 points from last
night's close. Near positions ugain
showed the greatest weakness, but they
were also the first to respond to later
covering and soon after the opening the
whole market rallied several points,
with the shorts nervous over the over-
V condition of the market.
Liverpool was lowtr than due and
brougm out scattered selling from the
ring 'Phis, together with a perfect
weather map, showing further fains in
Texas and lower temperatures generally,
wit,h indications for more showers,
brought on more favorable apprehension
that the drouth would not continue.
The early firmness was not of long du
ration July continued on the toboggan
and by noon had increased its decline
11 points from the previous close. Au
gust. after advancing 12 points to 11.67,
fell back two points under the previous
close.
New crop positions were liquidated.
The early buying seemed to he profit
taking purchases by shorts and by mod
erate buying by a few strong spot in
terests. It seems now that the bull
market Is about over Weather and
crop advices are excellent. Spots are
weakening for the first time in man\
weeks and new crop cotton is begin
ning to arrive at various points In
Texas The recent heat and clear-
weather was regarded as most propit
ious to the plant and hasten its ma
turity.
Following are 11 a. m. bids in New
York: July, 1178; August, 11.64; Octo
ber, 11.25; January, 11.13.
Following are 10 a m bids in New
Orleans: August, 11.57; October. 1131
January, 11 .30.
Estimated cotton receipts:
XT _ , Saturday. 1912.
New Orleans 800 to 1,100 263
NEW YORK COTTON.
Prev.
'n.| Close.
75 jit .86-87
57(11.62-63
39 11.43-45
22(11.30-31
. . (11.22-24
1611.23-24
09111.16-17
16|11.17-19
19111.25-26
22,11.28-30
Prev
Close
6.38 ft
6.36 ft
6.31
« lift
6.13
6.08ft
6J.
6.08ft
6.10
6 11
6.12
6.13 ft
CHICAGO, July 25.—The wheat mar
ket at Chicago Showed considerable
weakness at the opening to-day, net de
clines of ft(& ftc being recorded during
the first half hour of the session. Low
er prices at Liverpool, coupled with fa
vorable Russian reports, steadiness of
Canadian offerings in that market, ex
pectations of lighter world's shipments
and favorable weather in our North
west being the influences which brought
about the lower levels. Trade was not
of large volume, with longs selling in a
moderate way, and putting out of short
lines being indulged in by some of the
bears. Reports from the Northwest
were to the effect that the crop now irt
finishing there will turn out better than
expected. Northwestern receipts to
taled 163 cars and Winnipeg 77 cars
compared with 111 and 112 cars respec
tively for the same day last year.
Corn suffered a decline on further
rains in sections where needed. Some
short selling was indulged in early and
longs were disposing of a protion of
thAir holdings.
Oats followed irf the course of the
wheat and corn markets.
Provisions were slow and weaker in
sympathy with the break of 5 cents in
the price of hogs at the yard.
Grain quotations to noon:
AMERICAN FLAG
OFFER
Valued at Five Dollars
for 90 cents
This beautiful American Flag, the very latest, with 48 /
stars, made of fine bunting.
Cut out Coupon below, and bring to THE HEARST’S
SUNDAY AMERICAN and ATLANTA GEORGIAN Of-/
fice, with 90 cents, and secure one of these beautiful flags.
THIS COUPON and 90e entitles the holder to an American Flag, 5 feet
t
by 8 feet, when presented at our offices,
HEARST’S SUNDAY AMERICAN
THE ATLANTA GEORGIAN
20 EAST ALABAMA ST. 85 PEACHTREE ST.
Flags will be mailed at an additional charge of 10c for postage.
—
Every man is proud to say he is an American, and it is
bis duty to see that “Old Glory is flung to the breeze” on
every appropriate occasion.
See that you have one of these flags at your office or at
your home.
Take advantage of this offer.
Hearst’sSunday American
and
Atlanta Georgian
20 East Alabama Street
ATLANTA, GA*
35 Peachtree Street