Atlanta Georgian. (Atlanta, Ga.) 1912-1939, July 26, 1913, Image 11

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TTTE ATLANTA CFORfJTAX AXE NEWS. COTTON IS SOFT August Heavily Sold by Timid Longs—Speculation Curtailed by Threatened Legislation. NEW YORK, July 26.—A bearish re port on Oklahoma and Texas from F. M. Cordill and some rains in the Western belt and prospects for more, the cotton market opened active to-day and first prices were at a net decline of 2 to 5 points from Friday's close, with the exception of July, which opened 2 points higher. Later the market steadied a lit tle through scattered covering. This class of buying, however, soon ex hausted on further reports of rains in Texas and private crop advices to the effect that the crops were in excel lent condition. In addition to active selling by the lo cal crowd, there was selling by brokers who usually represent the larger spot houses. Some of those who bought yes terday bought on the decline but of limited character. In many respects the market was a repetition of that of Thursday. July was weak but not so extremely soft as August and new crop positions. The break in August was said to be due to a renewal of liquida tion by timid longs, who did not like the excellent weather and new crop advices. There was a further weakness in spots which also encouraged the bear raid. At the close the market was steady with prices at a net decline of 7 to 12 points from the final quotations of Fri day. Estimated cotton receipts: Monday. 1912 New Orleans 250 to 500 473 RANGE IN NEW YORK FUTURES. Jul Au Sp Oc No De Ja Fe Mr My 11.83111.83111 11.59 11.6111. 11.36 11.36 11. 11.27111.27111. I I I-- 11.21)11 22 11 11.12 11 12 11. 11.22 11.23 11 |ll. 27111.29 11 Closed steady. 71111. 50 11. 3111. 18|11. *12111 06111. 19 11 1911. 75:11.74-76 51 11.51-52 31111.29-21 18-11.18-20 . Ill 11-13 1211.12- 13 06 11.05-06 . ..ill 06-08 1311.13- 14 20111.19-20 11.81- 11.62- 11.38- 11.26- 11.23- 11.11- 11.18- 11.27- 11.29- LIVERPOOL COTTON MARKET. LIVERPOOL, July 26.—Due 1 point lower on August and 1 to 2 points high er on other positions. this marwet opened 1 to 1% points higher The mar ket closed easy 1% to 2 points higher. Spot cotton easier at 2 points decline; middling. 6.59d; sales, 6.000 bales, in cluding 4.000 American bales. Futures opened easier. Openig Prev. Range. Close. Close. July . 6.34 -6.33 6.33 6.32% July-Aug 6.34 -6.32% 6.33 Aug.-Sep.. 6.26 -6.25 6.25% 6.24^ Sep.-Oct. . 6.16 - 6 14% 6.13% Oct.-Nov. . 6.10 -6.11% 6.10 6.09 Nov.-Dec. 6 05%-6.06% 6.05 6.04% Dec.-Jan . . 6.06%- 6.05% 6.05% Jan.-Feb 6.06 - 6.05% 6.04% Feb.-Mar 6.07 -6 07% 6.07 6.06 Mar-April 6.08 -6.09% 6.08 6.07 April-May 6.09%- 6.09 6.08 May-June 6.10% -6.11 % 6.10% 6.09% Closed easy. NEW ORLEANS COTTON. Special report to The Journal of Commerce indicates that the cotton crop has improved generally in Geor gia. Alabama and Mississippi during the past month. Season is two weeks late, the plant small, but healthy and strong, fruiting nicely; fields are well cultivated and clean; boll weevils are numerous in Mississippi. Georgia condition shows considerable Improvement over a month ago, when It was 76.4 per cent. Pick ing will begin about September 1st. Mis sissippi condition has about held its own since last month, when it was 80 per cent. Dry, hot weather has pre vented the Alabama crop from mak ing any improvement for the month. Picking will begin about the middle of August. * * * Habersham King issued an unfavor able report on Texas and Oklahoma yes terday. However. F. M. Cordill made public a circular just the opposite, say ing the crops in Texas and Oklahoma were nearly perfect, but rain is needed to some extent. • * • It is reported that a seat on the Cot ton Exohang'' has been sold recently for $12,000. This is a decline of $2,500 from the last previous sale. Early in the year a sale was reported for $19,000. The decline is due to the plan to im pose a tax on future contracts. * * • Sheffield, Ala., wired: “We nave had three days. of showers and cloudy all of the time. This is the best we could have hoped for. Conditions are splen- NEW ORLEANS. July 26.—Hayward •sc Clark: “The weather map shows cloudy over nearly the entire belt. Some fine rains in Northwest Texas, North Texas, Arkansas Mississippi, Louisiana and Alabama Light showers over the itics, cooler in the West. Indi cations are for partly cloudy to cloudy, with more ra<n over Sunday, particu larly in the Western half of the belt, clearing hi the Atlantlcs.” * * * Dallas wires: “Texas and Oklahoma are generally clear." * * • The New' Orleans Times-Demoerat says: “Spinners’ takings for the week were larger than expected and August was befriended. For these reasons, yes terday's cotton market behaved very nicely in the presence of rather general rains, except in West Texas and West »iklahoma, where cloudy weather was reported. “In the past very hot weather in the 'Vest, when not continued too long without rain, has left no serious im print on the size of the crop. Rains are needed in the West now. and the fact that the forecaster persistently promises fair w’eather over that section of the belt keeps some of the talent on the anxious scat Rut should good rains come to the West in the near future, the g cron man w’ould be in position to exploit Dig crop views in a telling way. “As a matter of fact. August is now so far below a spot parity that it seems well able to take care of itself. Yes terday notices of intention to deliver -'60 on August were issued in Nevd Orleans. This cotton w r as taken up by July longs, and represents the portion left after the July lenders were culled. At the moment, the local talent does not know whether to expect further tenders or an attempt to squeeze Aug ust shorts. It is likely that the August traders in the main are straddlers, and that they are not operating with a view’ of handling large lines of the actual this month." Following is the statistical position of cotton on Friday, July 25, as made up by Tne New York Financial Chronicle: This I HILL STOCKS WERE E Volume of Business Extremely Light at Week-End, but High Levels Were Maintained. By CHARLES W. STORM. NEW YORK, July 26.—Trading was very inactive at the opening of the stock market to-day. and price changes were moderately irregular. The Hill stocks were prominent in the trading. Great Northern preferred advancing a point and Northern Pacific rose %. The same amount of gain was made in Gen eral Electric. Canadian Pacific and Amalgamated Copper both opened Ms low’er. The volume of trade w’as slmall. Heaviness and uncertainty ruled in the London market following snares show ing an irregular tone. The curb market was also Irregular. NEW YORK STOCK MARKET. Stock quotations and net change Clos. STOCKS— High Amal. Copper. 69* Low. 68-% Am. Agricul.. Am. Beet Sug.. 26 American Can. do, pref. .. 33% 93% 26 32% 93% Bid. C 69% 46% 25% 33 93% Net 'h'ge. Ju Ag Sp Oc No De Ja Fb Mr My Open. x; .? LOW. 11.62 11.63 i i .30 ii.26 11.29 11.62 11.62! 11.6511.55; ii.32iii.i7j ii.28iii.Y4 11.32111.16 11.38 11.38 11.27 t2 0.0 211.62 111.75 511.55-5811.64-66 ..111 22-24,11.37-39 -18111.32-33 -1711.30-32 -16 11.30-21 -1711.31-32 -15ill.29-3l -27 11.40-41 -33 11.45-47 I Week. Last Year. Vis. supply 2,770,943 American .! 1,443,943 In s’t, w’k ! 65,010 Since S’p 1 13,409.854 13.344.84415,399.364 Last Week. 2,924,400i 2,659,325 1,587.400' 1,758.325 67,7711 66,065 ..11.15- K 1 » 1 X .11.13- rii.26- . 11.31- Port stocks P. receipts.) Exports . .! In receipts 1 In. s’p’m’ts' Int. stocks. 1 164.07S 18.042 1 22,754 13,807 ; 27.401; 158.016! 181.657 20.061 1 28.361: 12,297) 31.225 173,609: 256,508 12,478 14.431 8.565 18.268 110.503 1913. 1912. New’ Orleans. . . 936 263 Galveston 784 248 Mobile 1 14 Savannah 756 112 Charleston 60 Wilmington. . . . 36 185 Norfolk. . . . . . 261 125 New York. . . . 364 Boston 53 Various 250 Total 2.892 1,281 INTERIOR MOVEMENT. 1913. 1912. Houston 210 135 Augusta 52 300 Memphis. . . . . 271 97 Sr. Louis 197 160 Cincinnati 191 213 Total 921 796 SPOT COTTON MARKET. Atlanta, nominal; middling 12%. Athens, steady; middling 11% Macon, steady; middling 1 L%. New Orleans, quiet; middling 12c. New York, quiet; mrddllng 1195. Philadelphia, quiet; middling 12 25. Boston, quiet; middling 11.95. Liverpool, easier; mldllng 6 59d. Savannah, firm; middling 12c. Augusta, steady; middling 12%. Norfolk, steady; middling 12%. Charleston, steady; middling 12 5-16. Mobile, steady; middling 12c. Wilmington, quiet; middling 12c. Little Rock, steady; middling 12c. Baltimore, nominal; middl g 12%. Memphis, steady; middling 12%. St. Louis, quiet; middling 12 5-16. Houston, quiet; middling 12 3 16. Louisville, firm; middling 12%. Charlotte, steady; middling 12c. Greenville, steady; middling 12c. PORT RECEIPTS. The following table shows receipts at the ports to-day compared with the same day last year: THE WEATHER. Condition*. WASHINGTON, July 26.—The weath er will be unsettled with showers to night and Sunday in the Ohio valley and the Lake region and by Sunday night the showers will probably extend Into the middle Atlantic States Local thun dershowers will also continue in the south Atlantic and east Gulf States. In New England the w’eather will be gen eraJly fair to-night and Sunday. It will be warmer to-night in the Ohio valley, the lower Lake region and the middle Atlantic States Forecart. Georgia—Local showers to-night or Sunday. Virginia. North and South Carolina. Florida. Alabama. Mississippi, Tennes see and Kentucky—Local showers to night or Sunday Louisiana—Showers to-night or Sun day. Texas—Fair to-night and Sunday. $5,000,000 B. AND 0. 4s ARE ON MARKET AT 89 NTTW YORK. July 2«.—By iwJItn* *5. 000,000 first mortgage 4 per cent bonds which it has held In Its treasury to Kuhn, Loeb & Co., and Speyer & Co., the Baltimore and Ohio Railroad has Indulged in some unanticipated flnan cing. The listed 4s have lately declined from 92 to 89 Of the entire amount, $3,000,000 has been bought from the two above firms by a syndicate of three banking houses who are now disposing of the securities at 89. The present block represents the road's right under the mortgage to issue *1,000,000 armuaily for improvements, a privilege which It has denied itself for the last five years. 1913 1912 1911 53.000 52.000 41,000 44.000 43,000 35.000 1.900 2.400 1.500 5,100 3.300 2,000 66,000 70.000 46,000 792,000 841.000 562.000 600,000 710.000 399.000 11.000 3.000 7,000 34.000 31.000 25.000 18.000 18.000 10.000 4,519.000 5.014,000 4.244.000 3,576.000 4.250.000 3.336.000 50.000 45.000 38.000 23.000 22.000 6,000 Week’s sales . I Of which Am. • For export . . ' For specula. . Forwarder!. Total stocks . Of which Am. \ct. exports. Week’s riepta. Of which Am Since Sept. 1. Of which Am. Stocks afloat. Of which Am. NEW YORK PRODUCE. NEW YORK. July 26 Petroleum firm; crude Pennsylvania, 2.50. Turpentine steady, 39@39%. Rosjn steady; common. 4 40 (bid). Wool steady; domestic fieece. 23@27; pulled, scoured ba.sis f 83@54; Texas. scourfMi basis. 46@53 Hides steady; native steers, 17@19%; branded steers. 17® 19%. Coffee steady; options opened at 30, 7 points up: Rio No. 7 spots, 9V2@9%. Rice steady; domestic, ordinary to prime, 4@5% Molasses steady; New Orleans, open kettle, 35@50 Sugar, raw, quiet; centrifugal. 3.57 (bid); muscovado, 3.07 (bid); molasses sugar. 2 82 ibid). Sugar, refined, quiet; fine granulated, 4 60 (bid); cut loaf, 6 40 (bid); crushed. 5 30 (bid); cubes. 4.85 (bid); powdered, 4 70 (bid); diamond A, 4.60 (bid); con fectioners’ A, 4.45 (bid); softs. No. 1, 4 35® 4 40 (No. 2 Is 5 points lower than No. 1, and Nos. 3 to 14 are each 6 points lower than the preceding grade.) Potatoes easy, white, nearby, 90®2.25; Southerns, 2.00®2.12. Beans quiet; marrow, choice, 6 56® 6.60; pea. choice, 3.90® 3.95, red kidney, choice. 3.75. Dried fruits firm; apricots, choice to fancy, 11%®14%; apples, evaporated, prime to fancy, 8%; prunes, 30s to 60s. “%®12%; 60s to 100s. 4®7; peaches, choice to fancy, 6%®7%; seeded raisins, choice to fancy, 5%@6%. COTTON SEED OIL. Cotton seed oH quotations: Spot July August .. . September ber . . November. . December . January. . February . Closed strong. Opening. | Closing. i 9.50ft ’10 00 9 BO? 9 50' 9.60x 9.49 9.48ft 21. 1 8 20ft 6.941 6.92ft 6.711 6 69® 6.70 6.682 « 72 6 6;,? { 6 72 sales, 6,800 barrels. 9 41 44 6 68 NEW YORK BANK STATEMENT. NEW YORK, July 26. The weekly statement of the New York Associated Banka shows the following changes; Average Statement. Excess cash reserve, $25,258*800: la- crease. $5,173,600. Loans, decrease, $5,692,000 Specie, Increase, $4,407,000 Legal tenders. Increase, $657,000 Net deposits, decrease, $766,000. Circulation. Increase. $4,000. Actual Statement. Loans, decrease, $13,074,000. Specie, increase, $6,472,000. I^egal tenders, increase, $815,000. Net deposits. Increase. $2,178,000. Reserve. Increase, $7,885,500. NEW YORK COFFEE MARKET. Coffee quotations: January. . February. March. . April. . . May. . . June . . August. . September October. . Noveml at December. 1 Opening. 9 60®9~7<r 9.05® 9.75 9.75 9.78@9.80 ‘ 9 83 9 01® 9 05 ! 9.24 9 35® 9 40 9 45(77 9.50 Closing. 3(0)9.55 Closed steady Sales, 22 750 52® 9 .60® 9 67® 9. .72® 9 .77®. 9. .78® 9 .03® 9 20® 9 .26® 9 .37 ®j) .45® 9 bags. Am. Car Fdy . 44v; 44% 44% + % Am. Cot. Oil.. 37% — % Am. Ice .... 24 -fl Am. Locomo.. 31% 31 % 32% + % Am. Smelting. . 63% 63% Am. Sug Ref.. 110 Am. T.-T 127% 127% 127% Am. Woolen... 16% Anaconda .... 35 Vi 35 Vi 35% — % Atchison 98% 98% 98% 4 C L 119 — % R. and O 98% 98% 98 Beth. Steel.... 34% 34 33% — % B. R T 88% 88% Can. Pacific.. 217% 216% 217% + % Cen Leather.. 24-4 24% 24% + % C. and O 54 53% 53% — % Colo. F. and I. 32 31% 31% + % Consol. Gas .... 132 + % Corn Products. 10 Vs 10% 10% D. and H 156 Den. and R. G.. 18 —1 Distil. Secur... 13% 13% Erie 26% 26% 26% do, pref. ... 41% 41% 41% Gen. Electric.. 140% 140% 140 -f- % O North, pfd.. 126% 125% 125% + % G. North. Ore.. 35 Vi 35 35% + % Ill. Central.... 113% -|- % Interboro 15% 15% 15% do, pref. .. 59 59 59 + % Int. Harv. (old) 106 .;... Iowa Central... 7 K. C. S.. . . 27% M., K. and T. 2 2 Vi 22% 32% + % L. Valley. . . 151 150% 149% — % L. and N. . . 133% 132% 133 — % Mo. Pacific. . 32% 32% 33-% -hi N Y. Central. 98% —1 Northwest... . 129% 129% 128-\ — % Nat. Lead . . 48 —1 N. and W. . . . 105% 105% 105% No. Pacific. . 109% 4- % O. and W. . . 29 — V 4 Penna 113% 113% 113% + % Pacific Mail. . 20% .... P. Gas Co. . . 113% % P. Steel Car. . 24% 24% 24% Reading. . . . 162 161% 161% + % R. I. and Steel. 25 Vi 25% 24% + % do. pfd 81 — % Rock Island . • 77% 77% 77% + % do. pfd 29% 29% 29% + % S.-Sheffield . . 26 — % So. Pacific. . . 93 V* 92% 93% + % So. Railway . 23% 23% 23% + % do pfd.. . . 78 78 78 — % St. Paul. . . . 105% 105% 105% + % Tenn. Copper . •30 Vi 29% 30 4- % Texas Pacific. 15% + % Third Avenue. 36% % Union Pacific. 149% 149 149% 4- % U. S. Rubber. 60 4- % U. R Steel. . . 58% 58% 58% — % do. pfd.. . . 107 4- % Utah Copper . 47% 47% 47% 4- % V.-C. Chem. . 26% 26% 26 Wabash. . . . 2% do. pfd.. . 6% W. Union . . . 64% M% 64% 4- % W. Maryland . 40 W. Central. . . 46 Atlanta Markets EGGS—Fresh country, candled. 16® lfc. BUTTER—Jersey and creamery. In 1-lb. blocks 27%@30c; fresh country, f.vir demond i6@18c. UNDRAWN POULTRY—Drawn, head and feet on, per pound: riens, 19c, fries, 22% @24; roosters, 8® 10c; tur keys. owing to tatresa. 17®l9c. LIVE POULTRY—Hens. 40@45; roosters, 30@35c; broilers. 25@30c per pound; puddle ducks. 30®35c; Peklna, 35®40c; geese, 50@6Oe eacn: turkey^ owing to fatness. FRUITS AND PRODUCE. FRUIT AND VEGETABLES—Lem ons. tancy, $8.00@9.00. cauliflower. 10® 12%c lb.; bananas, lb. caM .tge. ' 1,11 par crate; peanuts, per po ind* fancy Virginia. 6%®7c; cnoice, 6%®6c; beets, $1.75®2 00 in half-barrel *rates; ccumbers, $1.25®1.50 Eggplants 75c / 1.00 per crate; peppers, $1.25®1.50 per crate; tomatoes. fancy, six- basket crates, $2.00®'2.50; onions. $1.00 per bu.; sweet potatoes, pumpkin yams. 80® 85c. •Kra. liincy, six-basket crate*, $1.50(0 1.75. FISH. FISH—Bream and perch, 7c pound; snapper, 10c pound: trout, 10c pound; bluetish 7c pound; nompano. 20c pound; mackerel, 7c pound; mixed fish, 5®6c pound; black bass, 10c pound; mullet, iil.00 per barrel. FLOUR AND GRAIN. FLOUR I’ostell’s Elegant. $7 75; omega, $7 00; Carter's Best. $6.25; Qual ity (finest patent). $6 40: Gloria (self- rising). $6.00; Results (self-rfrsing), $6; ; wans Down (fancy patent), $6 00; Vlc- • rv (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 pare t), '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.y5; 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-Ib sacks. $4.00. CORN—Choice red cob 90c, No. 2 white hone dry 87c, mixed 86c, choice vellow 85c, cracked corn 85c. MEAL—Plain 144-pound sacks 83c, 96- pound sacks 84r. 48-pound sacks 86c, 24- pound sacks 84e. 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, cans seed, orange $1.00, rye (Tennessee) $1.25, red top cane seed $1.35, rye (Georgia) 136, blue seed oats 50c. barley $1.25, Burt oats 70c FEEDSTUFFS. OHTCKEN FEED- Beef scrap. 100-lb. sacks, $3.25; 50-lb. sacks, $1.65; Purina pigeon feed. $2 20; Purina baby chick i feed. $2 00; Purina scratch, 100-lb sks , M 85; 50-lh. sacks. $2.00; Purina scratch ! hales, $2.05; Purina chowder, 100-lb. j sacks, $2 00: Purina chowdar. 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 hags, per bushel, $1.25; oyster shell, 80c; special scratch, 100-lb sacks. $1.80. Eggo, $1.85; charcoal. 60-lb sacks, per 100 pounds. $2.00. SHORTS - White, 100-lb sacks, 11.75; I Halliday. white. 100-lb. sacks. $1 70; Jandy middling, 100-lb sacks. $1.76; fancy, 75-lb. sacks. $1.76; P. W.. 75-lb. I sacks, $1.65; brown. 100-lb. sacks, $1.66; , Georgia feed, 75-lb. sacVs, $1.55; clover , leaf. 75-lb. sacks. $1«60; bran, 75-lb. sacks. $1.25; 100-lb sacks. $1 25; 50-lb. j sacks. $1.30; Horneoline, $1.50; Germ j meal, Horreo. $1.60. GROUND FFED—Purina feed. 175-lb. j 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, $160; ABC feed. $1.55; 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; Fx*ge fancy light cloved mixed, $1.15: No. 1 smail hales. $1.10; No. 2 small $1; alfalfa pea green. $1.10. clover hay $1 20. Timothy standard, $1.05. Timothy small hales $1, wheat straw’ 70c, Bermuda hav 90c, No 1 $1.20. wheat straw 70c. Bermuda hay ttOc. RULED STRONG Com 1 1-4 to 1 1-2, Oats 3-4 to 1 1-8c Higher—Slack Business Puts Wheat on Quiet List. ST. LOUIS CASH QUOTATIONS. Wheat—No. 2 red Corn—No. 2 Oats—No. 2 .84 @85% 65% 37% CHICAGO, July 26.—Strong and high er prices for corn with net advances of 1% to 1% for the day prevailed at the close. Oats were up % to l%c, while wheat was only % to %c higher. Hog products showed but little change, but were fractionally better. Cash sales of wheat were liberal at Chicago, with reported sales of 30,000 bushels, but this was a great deal shy of the actual business. The seaboard reported a heavy trade in wheat on ex port account, the total being 1.500,000 to 1,750,000 bushels in all positions. Cash sales of corn were 110.000 bushels; oats, 130,000 bushels, and vessel room was chartered for 250.000 bushels wheat. Grain quotations: STOCK GOSSIP United States Steel earnings is ex pected to he smaller in the second half of the year than In the first part. • • * Twelve industrials declined .29; twen ty active rails advanced .24. • • • Howard Elliot will take office as pres ident of the New’ Haven September 1. • * • The New York Financial Bureau says: “Information channels favor a trading position. We would not climb for stocks, but would buy on moderate setbacks only for fair profits.'* • • • G. D. Potter says: -The reaction may go a little further, but on any weakness would Increase holdings in stocks like Union Pacific, Copper. Read ing and Steel. I hear that the Missouri Pacific Is a purchase for the long pull. Earnings are showing up well and it now looks as the next management would make it one of the big properties of the country.” • * • Attorney General McRcynoIds was quoted recently as saying that the pros ecution of the New Haven would f»-vor a settlement of the ca^e outside of court If the management proved willing to meet the wishes of the Government. It has been rumored that one of the mat ters which could be adjusted amicably would be the divorce of the trolley and Melien steamship lines acquired by Mellen. • • • It is axiomatic in Wall street that an Improvement in the bond market la nec essary before stocks can boom. How ever, there is a better feeling in the bond circles. Houses which make a spe cialty of this class of securities have been receiving more Inquiries than they have for many weeks. $15 $15 Previous High. Low. Close. Close. WHEAT— July.... 85% 85% 85% 85% Sept.... 86 1 2 86 86% 86% Dec 90% 89% 90% 89% CORN July.... 62% 60% 62 60% Sept.... 63 61% 62% 61% Dec 60 58% 59% 58 Vi OATS- July.... 30% 60% 62 60% Sept.... 63 61% 62% 61% Dec 60 58% 59% 58% PORK July.... 22.05 22 05 22.05 22.00 Sept.... 21 40 21.30 21.42% 21.30 Jan 19.00 LARD- Juiy.... 11.60 11.60 11.67% 11.70 Sept.... 1 ! v‘i 11.75 11.80 11.75 Oct 11.86 11.80 11.85 11.80 RIBS— July.... 11.70 11.70 11.70 11.65 Sept.... 11 82% 11.77% 11.82% 11.77% Oct.... 11.57% 11.55 11.57% 11.55 CHICAGO CASH QUOTATIONS. CHICAGO, July 26.—Wheat. No. 2 red, new. 86%@87; No. 3 red, new, 8S@86%; No. 2 hard winter, new, 87@87%; old, 88%@89; No. 3 l^ird winter, new, 86%®) 87; old, 87%@88 No. 1 northern spring, 92; No. 2 northern spring, 88%@90; No. 3 spring, 88@90. Com, No. 2, 63®63%; No. 2 white, 64 @64%; No. 2 yellow, 63®63%; No. 3, 62%®62%; No. 3 white, 63%@64: No. 3 yellow, 62% @63%: No. 4, 61%@62; No. 4 white, 62@62%; No. 4 yellow. 61% @ 62%. Oats, No. 2, new, 39; old, 39%@40; No. 4 white, 39%@39%; standard, old, 40%@41. ST. LOUIS CASH GRAIN. ST. LOUIS. July 26 -No. 2 red. 84® 85%; No. 3 red. 83® 83%; No. 2 hard. 84 @90, No. 3, 83%; corn. No. 2. 65%: No. 4. 64; No. 2 yellow, 65%@66; No. 3? 65%; No. 2 white, 65%®66%; No. 3. 65. Oats, No. 2. new, 37%; No. 3, new, 36%; No. 4. new. 36; No. 2 white, new, 37%; standard, new, 39: No. 3 white, new, 38%; old, 39@39%; No. 4 white, old, 37%. No. 2 rye, 66%. CHICAGO CAR LOTS. Following are receipts for Saturday and estimated receipts for Monday. I Saturday.! Mondav Wheat 1 467 I 619 Corn 159 > 72 Oats 146 i 98 Hogs 1 8,000 ! 43,000 PRIMARY MOVEMENT. WHEAT Receipts . . Shipments . 1.815.000* 1,564,000 703.000 614,000 CORN— Grain Notes Receipts ...... 533.000 ! Shipments 365,000 i Bartlett, Frazier & Co says: “Wheat- The continued favorable re ports from the Northwest are causing a great deal of local short selling and curtailing n*w buying “Corn The market has been heavily sold during the past three days by local interests, causing a great deal of liquida tion. We think the market has had break enough "Oats -As in wheat, there has been both heavy short selling and general liquidation. “Provisions- The buying on the break yesterday was of a good character and largely by packers " • ♦ * Chicago, clear. 65; Minneapolis, cloudy, 67; Terre Haute, cloudy, 74; Peoria, clear, 80, no rain; Springfield, clear. 72; Omaha, clear. 75; Kansas City, clear, 70, heavy rain yesterday; St Louis, cloudy, 86. Rainfall at New Ulm, .10; Roches ter. .15; Worthington. 20; Huron, 20; Pierre. 42; Ron Falls, 10; Canadian Northwest, partly cloudy, 42 to 65; Regi na. 25. Battleford, 08; Northwest, part ly cloudy. 56 to 68; w#»st, clear. 60 to 74; southwest, partly cloudy. 78; Kansas City, 70; Amarillo, 52; Oklahoma City, .05; Abilene, .05; Fort Worth, 1.26; Ohio Valley. b4 to .74 • • • Mr. Westbrook, just returned from a trip through Nebraska, says corn in South Platte territory is badly hurt. North Platte, east of Grand Island. In good shape, but needs good rain. North west of Grand Isiand. corn hurt; will probably make a half crop. Minneapolis wires: “Crowd here bull ing wheat on some black rust samples here from Klrkhaven, Minn.” • • • Finley Barren has reports from cor respondent who motored 200 miles in In diana and Ohio, and estimates that the two States wiil product about 45 per cent of last year’s yield. • • • I*ecount wires from Lekota. Ind.: "From Grand Forks to I^ekota, crop be low average Think wheat will make a half crop and expected to be of good quality Crop needs two more weeks favorable weather to mature.’’ • * • B. W Snow wires from Grand Fortes, N Dak., July 26: “Weather conditions since July 1 have been uniformly fa vorable for all parts of North Dakota, and the wheat crop will show up mate rially larger than indicated by the last Government report. The total should reach 100.000 000 bushels at Jeast. Har vest will begin next week and quality will be unusually good.'* • • • Peoria, m.. wires. “Complaints be coming more general through this sec tion as to corn going hack on account of drouth.’’ 356,000 300,000 LIVE STOCK MARKET. CHICAGO. July 26 — Hogs—Receipts 8,000. Market steady to strong; mixed and butchers, 8 70@9.45: good heavy, 8.90@9.30; rough heavy. 8.50® 8 85; light, 9.10@9.50; pigs. 8 15@9 30; bulk. 9 00® 9.30. Cattle—Receipts. 200 Market steady; beeves, 7.35® 9.16; cows and heifers. 3.25 ®8 40; stockers and feeders. 6 25@7.90; Texans, 6.75@8.1B; calves, 9.25@10.90. Sheep—Receipts. 3,000 Market strong; native and Western, 3.25@5.40; iambs, 5 50® 8 26 ST LOUIS. MO.. July ?6._Cattle re ceipts 450. including 150 Southern: market steady. Native beef steers. 5.50 ®8.75; cows and heifers. 4 75@8 40; stockers and feeders, 5 25@7.50; calves, 6 00® 6 50. Hogs—Receipts, 2,200; mixed, 9.20@> 9 40; good, 9.30; rough. 8 50®8.75; light, 9.25@9.40; pigs. 7.25@9.15; bulk. 9.20® 9.30. Sheep—Receipts, 250; market steady; muttons, 3 26@3 75; yearlings. 4.75. LIVERPOOL GRAIN MARKET. LIVERPOOL, July 26.—Wheat closed % to Id lower. Corn closed % to %d higher. Mortgage Money I want a few more choice Real Estate Loans—$1 f 0 00 to $5,000. Sub urban Properties and Farms consid ered, if well im proved. Wm. Hurd Hillyer Trust Co. of Ga. Bldg. MINING STOCKS. BOSTON July 26.—Opening: Fruit, 164; East Butty, 13, New Haven, 102; Granby, 61. L ROUND TRIP To CINCINNATI, OHIO. Tickets on sale July 26, 27 and 28. Limited August 15, with nrhilege of exten- i sion until August 20. TWO DAILY THROUGH TRAINS. SOUTHERN RAILWAY. LOWRY NATIONAL BANK Capital $1,000,000 Surplus $1,000,000 Sayings Department Safe Deposit Bone? SB COUPON! UNIS HID ST INPONIK Contest Manager Gives Tip to Hustling Boys and Girls. Just Five More Days. “Concentrate on the Sunday Ameri can,” is the advice the contest man ager gives the boys and girls who are striving for the Georgian and Ameri can ponies. “The boys and girls should do this for the simple reason that, for the same amount of money, Sunday sub scriptions count much faster in the vote totals—up to Tuesday night. ‘T would suggest that the contest- a ts talk Sunday paper to their -/rlends and the other 'prospects* they approach. If a determined effort suc ceeds In landing such a subscription, then they should try to get a daily subscription added to the Sunday. If the Sunday paper appeal seems L) make no Impression, turn to the daily paper. * “My advice Is disinterested, for we are as glad to get subscriptions to the Georgian as to the Sunday Ameri can. But just now, a year’s subscrip tion to the Sunday paper costs but $2, and counts 2.000 votes for the contestant. There's no other way to get 2.000 votes for $2, and. with five working days only remaining in the contest, every vote tells.” The contest manager intended to run the vote standings every day up to the close of the contest, but it was found impossible to keep ur> with the task, so many are the “Red Letter Ballots" pouring in. The standings, as far as corrected, however, will be published Sunday. Mrs. Starnes to Sing At Husband's Final Concert in Atlanta Mrs. Lillian Belle Starnes, wife of Dr. Percy J. Starnes, will assist the city organist at the free concert Sun day afternoon at the Auditorium. Mrs. Starnes possesses a coloratura soprano* voice of wide range and re markable purity. She is already known for her splendid concert work. Among the selections she will sing Sunday afternoon will be the famous aria Ah fors’e lul from “Traviata." She w’ill also sing the "Queen of Night” aria from "The Magic Flute." This Sunday afternoon’s concert will be Dr. Sarnes’ farewell to At lanta. as his engagement terminates this fall. THE PLAY THIS WEEK At the Bijou. Capacity audiences doubtless will wit ness the remaining performances of “Good Morning, Judge,” Saturday aft ernoon and night at the Bijou. The at traction has pleased Atlanta theater goers. The announced attraction for next week will he Norman Frieden- w’ald's up-to-date musical show, "The Girl From Dublin." presented by a strong company of principals and a chorus of unusual appearance, delight- fully costumed. There will be the usual dally matinees and night performances at 7:30 and 9 o’clock. “Les Mlserables.” There will be matinee and night ex hibitions of Victor Hugo’s "Les Mis- erables" at the Grand to-day, conclud ing the engagement of the wonderful picture. There has never been a more inter esting photoplay seen here, and the fact that the attendance during the last half of the week has been four times as great as the opening, is evidence of the fact that the exhibition has won ap proval . For next w r eek the Wells people have another treat in a six-reel exhibition of the Carnegie Museum Alaska-Sibe- ria hunt pictures. Blq Forsyth Week. With matinee and night performances Saturday, one of the big weeks of the Forsyth will have been recorded Head- ^ed by John Conroy and his diving girls r the show has proven to be one of the most inviting of the season. Commencing with matinee on Monday aflid continuing all the week another ex cellent bill will be the attraction. The headline features will be the contribu tion of Joe Welch, the best of all char acter comedians. Robert L. Dailey, as sisted by a selected company, will pre sent “Our Bob.” and the Dolan and Len- barr company in a burlenue mind-read- •jnfi stunt, pretty Elsa Ward, the Call- ; fornia songbird; Cunningham and Mar ion. the talkfest gymnasts, and other features make up the program. Hester's Weekly Cotton Statistics Charles Walker, 290 Ashby St. with attractive homes. David Wood ward owns a large lot on the thor oughfare and will soon erect a $40,000 home, according to report. Details of Exhibit Lease. Details of the lease on the four top stories of the Chamber of Commerce Building, at North Pryor street and Auburn avenue, by the Merchants and Manufacturers’ Association for a permanent exhibit of Atlanta-made goods were announced Saturday. The total number of square feet ; n the four floors, 20,000, has been di vided into units known as “spaces” 10 feet square, or 100 square feet, and the price per month is $8 per “space," or $1,600. The yearly rental will, ac cordingly, be $19,200. Some of the manufacturers will take one space and some several, and charts are be ing drawn to show the exact allot ment. Floor exhibits will be arranged with regard to their relation to each other —that is, the allied products, like ma chinery and wagons, will be on one floor, and various edibles«on another Elevators will be installed to serve the horde of visiting buyers and to haul the exhibits up and down. The advantagp to the local mer chants and manufacturers, as one of the committee pointed out. will be. that the Chamber of Commerce Building will be a market place or clearing house for all prospective buyers of goods. Heretofore there has been no central location where people might go to see what is made in Atlanta. Old Buildings Destroyed. Under direction of Building In spector Ed R. Hays, through his as sistant, C. J. Bowen, the old build ings at the northeast corner of Whitehall street and Trinity avenue are being torn down. These were condemned some weeks ago following the collapse of underpinning. The structure on the corner is the proper ty of James Anderson, of Marietta, and the inside structure belongs to Mrs. B. D. Langford, of Gainesville. Mrs. Langford has plans for a sub stantial structure, but is waiting for the Whitehall grade question to be settled before proceeding. Deeds on Record. A warranty deed has gone to rec-» ord conveying from I. P. Bradley, of Newnan. to Byron Souders Nos. 19 and 21 Garnett street, 107 feet east of Madison avenue, for $37,500. this property and some Coweta Count> acreage having figured recently in the transfer of the Byron Apartments on West Peachtree from Mr, Souders to Mr. Bradley for $150,000. The lot 55 by 191 feet. Another interesting warranty deed reveals the conveyance of a Peachtree place property. 250 feet west of West Peachtree, from Mrs. Kendall Weisl- ger and Mrs. Fannie L. Morgan to Miss Laura L. Armstrong for $8,000. Th edimensions are 50 by 150 feet. Still another deed tells of the sale of No. 532 Ponce DeLeon avenue, 233 feet west of Bona venture. 55 by 231 feet, for $7,800. from the Citizens Bank of Barnesville to R. C. Taylor. Announcement has already been made of the sale of No. 79 West Fif teenth street, 50 by 172 feet, to Mrs. Birdie V. Gorman from S. W. Sulli van for $11,500. This warranty deed also went to record Friday. Stories for Witt Building. Carl Witt will soon add two more stories to the back of his handsome automobile building at the northeast corner of Peachtree and Harris streets. He filed an application Sat urday for a building permit, the work to cost $3,000. Day work will be used. Building Permits. $2,000—J. T. Jones, No. 69 Josephine street, one-story frame dwelling. L B. Eason & Son. $3,500—Mrs. Alice E. Thomas, No. 112 Linwood avenue, same. Day work. $1.400—E. B. Durham, No. 95 Clif ton street, same. J. E. Oxford. $1,250—J. C. Harvil, No. 202 Jones avenue, same. Day work. $1,000—Julia Wilkins. No. 497 Courtland street, alterations and ad ditions. Day work. $50—G. M. Matthews, rear of No. 116 Courtland street, one-story frame dwelling. Day work. $3,000—Carl Witt. Nos. 14-16 £ast H&rris street, add two stories. Day work. $375—Goodyear Raincoat Compa ny, No. 35 Peachtree, alterations. Alf S. Stallings. Secretary Hester’s weekly New Or leans Cotton Exchange statement of the movement of cotton, issued before the close of business Friday, shows an in crease in the movement into sight com pared with the seven days ending this date last year in round numbers 56, an increase over the same days year before last of 16,000, and a decrease under the same time in 1910 of 36,000. For the 25 days of July the totals show an increase over last year of 9,000, an increase over the same period year before last of 58,000 and a decrease under the same time in 1910 of 3,000. For the 328 days of the season that have elapsed the aggregate is behind the 328 days of last year 2,181,000, ahead of the saane days year before last 1,940,- 000, and ahead of 1910 by 3,212,000. The amount brought into sight during the past week has been 30,184 bales, against 30,428 for the seven days ending this date last year, 14.638 year before last and 66, i05 same time in 1910; and, for the 25 d£ys of July it has been 110,- 282, against 101,757 last year, 52,291 year before last and 139,917 same time in 1910. The movement since September 1 shows receipts at all United States ports 9,772.107. against 11,924,453 last year, 542,618 year before last and 7,305,- 736 same time in 1910. Overland across the Mississippi, Ohio and Potomac rivers to Northern mills and Canada 978,362, against 1,258,779 last year, 932,458 year before last, and 822,254 same time in 1910; interior stock in excess of those held at the close ot' the commercial year 56,180, against 19,221 last year, 25,- t>45 year before last and minus 5,745 same time in 1910; Southern mill takings 2.687,000. against 2,472.429 last year, 2.- 198,348 yar before last and 2,159,716 same time in 1910. These make the total movement for the 328 days of the season from Sep tember 1 to date 13,493,649, against 15,- 674,882 last year, 11.699.569 year before last and 10,281,961 same time in 1910. Foreign exports for the week have been 22,522, against 9,808 last year, mak ing the total thus far for the season 8,425,179, against 10,334,673 last year, a decrease of 1,909,494. Northern mill takings and Canada during the past seven days show a de crease of 6.496, as compared with the corresponding period last year, and their total takings since September 1 have decreased 387,919. The total tak ings of American mills, North, South and Canada, thus far for the season have been 5.126.286. against 5.286,522 last year These include 2.358,712 by Northern spinners, against 2,746.631. Stocks at the seaboard and the 29 leading Southern interior centers have decreased during the week 35,110 bales, against a decrease during the cor responding period last season of 25,200 and are now 47,932 smaller than at this date in 1912. Including stocks left over at ports and interior towns from the last crop and the number of bales brought into sight thus far from the new crop, the supply to date is 13.858.362. against 18,- 961,856 for the same period last year. The statements of the weekly move ment will now he discontinued for the remainder of the season. World’s Visible Supply. Secretary Hester’s statement of the world’s visible supply of cotton shows a decrease for the week just closed of 171.036. against a decrease of 180,543 last year and a decrease of 111,798 year be fore last. The total visible is 2,750.351. against 2,921,387 last week, 2,648,244 last year and 1.846,970 year before last. Of this the total of American cotton is 1.426,351, against 1,582,387 last w’eek, 1,741.244 last year and 914.970 year before last, and of all other kinds, including Egypt, Bra zil, India, etc., 1.324,000, against 1,339,- 000 last week, 907.000 last year and 932,- 000 year before last. The total world’s visible supply of cotton, as above, shows a decrease com pared with last week of 171,036, an in crease compared with last year of 102.- 107, and an increase compared with year before last of 903,381. Of the world's visible supply of cot ton, as above, is now afloat and held in Great Britain and continental Europe 1,547.000, against 1,676,000 last year and 1.047.000 year before last; in Egypt 97,- 000. against 64.000 last year and 76.000 year before last; in India 800.000. against 556,000 last year and 498,000 year before last, and in the United States 306,000. against 353.000 last year and 226.000 year before last World’s Spinners’ Takings. Secretary Hester gives the taking of American cotton by spinners through out the world as follows in round num bers: This week *182.000 this year, against 174.000 last year, 103,000 year before last. Total since September 1. this year, •*13,419.000. against 14,725,000 last year, and 11,561.000 the year before. Of this Northern spinners and Can ada took 2.859.000 bales this year, against 2.747.000 last year, and 2.069,000 the year before; Southern spinners 2,- 767.000, against 2.520.000 last year, and 2,244.000 the year before: and foreign spinners, 8,293,000, against 9.458.000 last year, and 7,248,000 the year before •Including correction account 4,000 de duction Galveston stock. ••Exclusive Galveston correction. BIG CROPS IN RUSSIA. WASHINGTON. July 26.—-A cable gram received by the Department of Agriculture to-day from the Interna tional Institute of Agrlcultrue at Rome gives the following estimate of crops In European Russia: Spring wheat. 511,101.000 bushels; all barley, 630,297,000 bushels, and all oats, 1 029,000 bushels. This represents an average Increase on this total crop of 16.2 per cent. OFFICE GOES BEGGING. COLUMBUS.—There is a dearth of candidates for the office of meat and milk inspector for Columbus. The inspector who took charge of the of- ftice when it was first created has given It up because Council refused to give him more pay. Mildred Brickman, 48 Kirkwood road. If You Found Your Car Going in the Wrong Direction, Would You Hesi tate to Change Cars? Well, then, if your tiresome tramping through the streets has failed to find just the house, room or apart ment you have been looking for, why not change tactics and get quick action by reading GEORGIAN WANT ADS. Wesley Ave. Acreage Bought by F.C.Owens A. Ten Eyck Brown Is Seller—Four Exhibit Floors $19,200 a Year. Building for Whitehall. Acreage transactions In the Pace's Ferry road and Wesley avenue sec tion continue active. Announcement Saturday that seven acres halfway between the homes of Clark Howell and General Clifford L. Anderson had been sold caused no great amount >f surprise in realty circles. Frank C. Owens has bought from A. Ten Eyck Brown, the well-known architect, a 385 by 780 foot lot on the north side of Wesley avenue, six blocks west of Peachtree, for a price said to have been approximately $5,000 cash, or at the rate of $714 an acre. The purchase was for specu lation, and J. H. Ewing, of the Smith & Ewing Real Estate Agency, han dled the deal. Wesley avenue is fast building up Youngsters After Shetland Outfits COTTON GOSSIP