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t i THE ATLANTA GEORGIAN AND NEWS. 11 Expert Recommends Convertible Bonds—His Prediction of Improvement Realized. By B. C. FORBES. Financially, we are emerging from the thickets that have seriously re tarded prosperity. Every day brings us nearer clear fields and bright skieg, * * * “Do you recommend the purchase of securities?” I am asked. * * * Yes, many excellent bonds are to day bargains, notably the convertible issues of sound railroad and con spicuously strong industrial compa nies. Among the attractive invest ments that rush to mind are the con- , vertible6 of Baltimore and Ohio, St. Paul, Atchison, Norfolk and Western, and American Telephone. They are safe, they yield a fairly generous income, and the convertible privilege gives them an added speculative value not to be ignored. * * * What about stocks? * * * Well, a month ago, after having urged caution for a year, I ventured the opinion that the turning in the long lane was near and that discrimi nating outright purchases could be made with every probability—cer tainty, almost—of generous profits in addition to the high dividend re turns. Nothing has occurred to change that view, except that prices have already enjoyed so substantial an advance that I believe a tem porary reaction is in order. Then the best stocks .will again be very attractive. » * * I have enjoyed confidential chats with certain of our most powerful financiers, and their views are exactly in accord with what has just been written. v. • * • Bonds, however, are favored. In vestors who like a speculative string to their purchases are recommended to buy trustworthy convertible bonds in preference to stocks. * * * The strongest banking interests are opposed to speculative activity in stocks at present. "There should not be, and very probably will .iot be, much speculation in stocks for two or three months,” remarked a financier whose judgment is second to none and whose position* i- one of great eminence in American and in ternational finance. "Margin trading is not to be encouraged. Nobody should buy stocks just now unless prepared to hold them, no matter if a setback be suffered. Of course, 50- point margins are all right. I am speaking only narrow margins. Small investors who can pay in full and who buy on re ctions are pretty sure to come out well.” * * * Plungers are not to be encouraged until the money necessary to mar- I et the crops has been supplied. * * * I hear that cotton growers will be at the earliest moment and that grain growers will also be urged to market part of tneir product without delay. The double desire is to have debts liquidated at ome and credits built up abroad. * * * Our financial pro«oects are bette" than our business conditions, a 1 though these are not wholly bad, *0 • any means. * * * Financial stringency, once gravely threatened, now promises to be avert ed. Inflation has been curtailed throughout the country and the del uge of new security issues has been stopped. Abroad also, the banking situation has been strengthened ax every important center. If need arise, the United States ought to obtain assistance from London without pro test, for the Bank of England's re serve is phenomenal!'' high and the leading Continental banks are also unusually well fortified with bullion. THE PLAY THIS WEEK Business Man’s Lost Keys Prove It—Contestants Find It Easy to Secure Want Ads. When you lose something, do you bid it good-bye and say nothing? That’s bad business. Why not find it? An Atlanta business man lost his office keys a few days ago. He tele phoned The Georgian’s Want Ad Man and had three lines published in the “want” pages, asking that the keys be returned to his office, where a reward would be paid. Next morning h e was offered Just fourteen bunches of keys. One bunch was his own. The thirteen other losers may not have their keys yet, unless they ad vertised for them. The finders had no clew to the ownership. A Georgian want ad will get most anything you want, from a housegirl to a twelve-room house. That’s the reason you see so many business houses using them. Atlanta folk know their value, too, and that’s the reason The Georgian's Want Ad Contest is proving so suc cessful. It’s easy to get want ads. Contestants need only make a sug gestion or two and an unfilled want is remembered, the advertisement dictated, the want fulfilled. The contest is still open and new contestants have a fine opportunity to enter and win a prize—an automo bile, a piano, a trip to California, a motorcycle or any one of the dozens of trophies offered. There isn’t any guesswork to rack your brains over, no disappointments. Energy will bring results and the prizes will go to the best hustlers. The Want Ad Man will tell you all about how to enter, how to work, how to win. Master Organists Will Compete Here Many of the master organists of America will come to Atlanta to “try out” for the position of city organist made vacant by the resignation of Dr. Percy J. Stat-nes. At a meeting of the Atlanta Music Festival Association Tuesday afternoon a list of the most prominent was selected and a call sent to each of them. Recitals at the Auditorium during the next two Sundays will be given by Professor Charles Sheldon, of At lanta, who has assisted the associa tion greatly. He organized the cho rus and helped out on many other details. The association decided that in fu ture nothing will be allowed to Inter fere with the concerts and that con ventions and exhibits will have to meet elsewhere on Sundays. Mystery in Slaying Of Man in East Rome Rome, July 30.—Mysteriously killed las't Saturday night, the death cf Floyd Frisco has just become known. Coroner Miller learned to-day that Frisco had been done to death on White Row in East Rome, and so fai lie has been unable to unravel the mystery. , Frisco was at the home of Wlii Watley, but Watley, who was also shot in the arm, can not or will not divulge the nam" of the assaiiant, ex cept that his name is Fred. BYatley is being held until “Fred” can be found. Grand Films Interest. Lovers of nature study and animals are having an inning at the Grand, mat inee and night daily this week, in the illustrated report of the Carnegie Mu seum ’Alaska-Siberia expedition, given bv means of the motion pictures taken by Captain Kleinschmidt throughout the cruise. Arctic monsters of land and sea. mighty glaciers moving majestically down the mountain sides, icebergs in formation and afloat, and the wild ilfe of the frigid North are shown in all phases. Forsyth Bill Pleasing. There is a splendid bill of comedy at the Forsyth Theater this week. There is a tremendous advance sale for all performances. Among the headliners. Bob Pailev in a sketch called "Our Boh,” is a scream. Joe Welch is again registering the big hit that he made last season hy his droll manner of telling stories and his ren dition of a quaint song. Toe Dancer a Hit. There is a little toe dancer this week with “The Girl From Dublin” at the Bijou who is making one of the big hits of the show. Such vivacity and energy has seldom been displayed by a dancer on a local stage. Her work Is decidedly pleasing. A female quartet is also one of the pleasing features of the perform ance. ACCUSED OF WHISKY THEFTS, COLUMBUS.—Paul Edwards and Lige Truett. young white men, ar rested in Griffin for the theft of 29 pints of whisky in Girard. Ala., have been taken to Seale, county site of Russell, to await preliminary hear- Gulf Stream Speedy; Seaman Fears Storm CHARLESTON, July 30.—Sea captains coming into Charleston con tinue to report an unusual speed for the Gulf Stream, which* is raging along, according to more than one mariner, at a rate of two or three knots faster than usual. Captain Pennington, a well-known coast sailing master, believes that the speed of the Gulf Stream forecasts a big storm, this being his experience in the past when the stream was un ruly. COTTON MARKET Women Voters Buy Auto Fire Equipment CHAMPAIGN, ILL., July 30.—The purchase of two automobile fire trucks and other modern fire-fighting appli ances by the city of Champaign was possible to-day because the women at yesterday’s election voted unanimous ly for the issuance of bonds for the purchases. Without the ballots of the women, it was estimated, the proposition would have failed. Winged Fire Wagons Forecast in Salem SALEM, MASS.. July 30.—A fly ing machine fire department for Sa lem was predicted by J. F. Hurley, Mayor of this city. Fire engines, hook and ladders, hose wagons and aerial water towers of the future will go through the air on the wings of aeroplanes, accord ing to Hurley’s Ideas. NEW YORK. July 30.—As there was no rain in Texas over night nor any immediate prospect of moisture, according to the early weather map, the cotton market opened rather ac tive to-day, with first prices at a net gain of 2 to 3 points, except May, which was 4 points decline from Tuesday’s final. After the call a precipitant Selling movement, led by Wall street and the Uptown crowd, sent the market back to the lowest level of the month. July was dumped on the market in a sen sational manner, resulting ina rapid decline 20 points from the initial level, which was 11.92; August dropped 10 points to 11.56. Other po sitions were heavily iliquidated and displayed a net decline of 9 to 13 points. Weather news not quite as bearish as had been hoped for, but was con sidered favorable; except in Texas, where some private reports indicated deterioration from the dry, hot weather. This, however, was offset as a bullish argument, when Okla homa reported beneficial rainfal. In addition to this a Liverpool cable stated that spinngrs’ taking from Liverpool wen* more freely as stocks are pretty well used up. On the other hand Manchester is quiet, as India is not a free buyer and there are trpubles reported again in China, which have caused orders for that market to be canceled for the time. This, together with a bearish circu lar from F. M. Cordill on the condi tion of North Mississippi and Ten nessee crops promoted sufficient sell ing to send the market back into the lowest levels. Following are 11 a. m. bids in New York: July, 11.78; August, 11.62; Oc tober. 11.19; January, 11.09. Following are 10 a. m. bids in New Orleans: July, 11.50: August, 11.60; Oc tober. 11.2v; January. 11.21. Estimated cotton receipts: Thursday. 1912. New Orleans 500 to 1,000 82 NEW YORK COTTON. Cotton quotations: I f I T fPrev. lOpenlHigh |Low|Noon| Close. July Aug. Oct. Nov. Dec. Jan. Feb Mch. May NEW ORLEANS COTTON. 11 .92111. 93|11 , ,721 11. .72! .11! .66 11. 66jll .56' 11 . 561 .11.25111 .! 1... .25%. . .1.. .17' 11 .18 'll .21 11 . 21 11 .11 11 .12 .1411. 14 11 .04 11 .07; , 11 .2211. 22 11 .16 11 .17 ,11 .2l!ll. 21 111 .20 11 .20, COTTON MARKET OPINIONS. Miller & Co.: “We can still only re peat the opinion expressed during the past few' days, that we think prices for the time being are in control of Texas weather.” Atwood, Violett & Co.: “We believe the rally has gone far enough.” Morris H. Rothschild & Co.: “The trade is awaiting further climatic de velopments.” Thompson, Towle & Co.: “Until rains occur the market will not decline and may go higher temporarily.” Cotton quotations: : Prev. lOpenlHigh |Low Noonj Close. July Aug. Sept Oct. Nov. Dec. Jan. Feb. Mch. May ‘ ii .64 1.. In. :«j ii: :<54: lii 27 in. 28 11. ! i7[i .m .2f> Hi. Is] Tu .1711 .ju .27 in. •27 11. ,i8b !jii' .32 TT 13 ii' .30 : ...!. 11.61-63 111.21-22 LIVERPOOL COTTON MARKET. LIVERPOOL, July 30.—Due 6% points higher on July and unchanged to 1*4 points higher on other months, this market opened steady ai a net advance of 1 to 2 points. At 12:15 p. m. the market was steady at a net advance of 3 points on July and 1% to 2 points higher on other positions. Later the market advanced 1- point from 12:15 p. m. Spot cotton in moderate demand, at 1 point decline: middling. 6.53d; sales, 7,000 bales, including 6,000 American bales; imports. 3.000, of which 1,000 were American hales. LIVERPOOL COTTON MARKET. Quotations opened quiet. Opening. R{ July . . . July-Aug. Aug.-Sept. Sept.-Oct. Oct.-Nov. Nov.-Dec. Dec.-Jan. Jan.-Feb. Feb.-Mch. Mch.-Apr. Apr.-May . . May-June . . . Closed steady ange .6.26 .6.24% .6.17 .6.08% .6.04 .5.99 .5.99% .6.00 .6.01 .6.02% .6.04 .05 2P.M. 6.29% 6.27 6.19 6.10 6.05% 6.01% 6.02% 6.04 6.06% Close. 6.26% 6.24% 6.16% 6.08 6.04 5.99 5.99 5.99% 6.01 6.02 . 604% 6.04% Prev. Close. 6.24 6.23 6.16% 6.07% 6.03 5.98 5.98 5.98% 6.00 6.01 6.02 6.03 Vi COTTON GOSSIP Weston on Last Leg Of Minneapolis Hike MINNEAPOLIS. MINN., July 30.— Edward Payson Weston, the 76-year- old pedestrian, was on the last leg of bis hike from New York to Minneap olis to-day. He was officially welcomed yester day as he crossed the State line at Hudson, Wis., and into Minnesota by Governor Eberhart and members of his executive staff. GRAIN MARKET CHICAGO, July 30.—The corn market was again the speculative leader on the Board of Trade at the opening this morning, prices during the first half hour showing gains of % to l%e. when compared with the resting spots of last night. Dry and hot weather continues generally in the corn country, maximum temperatures being about 2 points high er than this time yesterday. Numerous buying orders w’ere executed in the pit for people located in the corn belt, and there was a good demand from local speculators and professionals. Although conditions surrounding the wheat market at the moment are in fa vor of the bears, values at the opening showed some firmness, because of the strong position occupied by the corn market. Fine weather was reported in the spring wheat country and Liverpool was somewhat easier in price. Further gains were shown in oats on unfavorable thrashing returns and the strength in corn. There was a dull trade in hog prod ucts at the opening, but values held steady despite a break of 5 to 10c in the price of hogs at the yards. Grain quotations to noon: Low. Noon. High. WHEAT— 86% 8674 90% July. Sept. Dec.. CORN— July. . . 66% Sept. . . 66 Dec.... 64 OATS— July. . . 40% Sept. . . 41 % Dec.. . . 44 LARD— July Sept. . .21.30 PORK— July Sept. . .11.77% Oct. . .11.85 RIBS— July . .11.70 Sept. . .11.52% Oct 85% 8574 89% 85% 85% 89% 65% 65% 62% 40 41% 43% 21.15 21.17% 11.65 11.45 11.65 11.45 Prev. Close. 85% 86% 90% 65% 65% 62% 40% 41% 43% 22.70 21.30 11.77% 11.77% 11.45 11.77% 11.80 11.55 LIVERPOOL GRAIN MARKET. LIVERPOOL, July 30.—Wheat opened unchanged to %d higher. At 1:30 p. in the market was unchanged; closed %d higher to %d lower. Corn opened %d higher. At 1:30 p. m the market was % to %d higher; closed unchanged to %d higher. Atlanta Markets The New York Journal of Commerce has the following on the condition of the cotton crops in Texas, Oklahoma and Missouri: “Texas—Continued drouth and high temperatures are reported from nearly all sections, and have lowered pros pects somewhat from a month ago. Sections that are still needing rain re port shedding and stoppage of growth But, as one correspondent remarks, dry weather and boll weevil don’t go far together, and as a consequence, weevils are doing very little damage. In dis tricts where the rainfall relieved the drouth cotton is generally of good size, strong and healthy. Fields are well cultivated, clean and labor plentiful. Some sections are late, but as a rule, no complaints are made of this feature "Oklahoma—The genral need of rain has caused some deterioration from a month ago. when percentage condition was 86.6. The plant is generally small, but strong and healthy, well cultivated and clean. Fruitage is generally good, and the crop is free from insects Many sections have received the needed rain fall and prospects are for a big crop. “Missouri—Except for lack of rain in some localities, the crop is in excellent growing condition.” • • * Dallas wires: “Texas clear, rain at Houston yesterday. Oklahoma clear.” * * » NEW ORLEANS, July 30.—Hayward & Clark: “The weather map shows fair over Texas and Oklahoma. Cloudy over the remainder of the helt: no rain in the Western States; general rains over East Mississippi. Alabama. West ern Georgia and light showers in the Memphis district. Indications are for generally fair weather over the Western States, except perhaps cloudy over Gal veston coast districts, cloudy showery in the Eastern and Central States.” • » • The New Orleans Times-Demoorat says: “The cotton market presents a small anomaly, a sort of forerunner of what may be expected in the event Congress shall strike the machinery of of distribution a death blow wdth Its legislative club. America believes both crop anti the need will be large, that the world can afford to pay current values, and that, under normal oondi tions of s imply and distribution, all the cotton narvested In 1913-14 will pass into consumers’ hands at a splen did profit to the farmer. But America fears the Clarke stamp tax and is in no humor to enforce its price opinions. “On the other hand, continental Eu rope believes that America will try out the uneconomic desire of many people, by making the Clarke stamp tax on futures a law. and Europe knows full well that the death of the American future market will mean the resur rection of consumers' control over the value of the raw material.” MINING STOCKS. BOSTON, July 30.—Opening: Butte Superior 26. Granby 60 Calumet Hecla 409, Alaska 19, East Butte 12. Boston Elevated 95. LIVE STOCK MARKET CHICAGO. July 30—Hogs -Receipts, 27.000. Market, weak to 5c lower; mix ed and butchers. $8.45#9.35; good heavy. $8.75^9.15: rough heavy, $8.35 €8.70: light. $8.95€9.50; pigs. $A00@ 9.10: bulk. $8.75@9.05. Cattle—Receipts, 17.000. Market, steady, beeves, $7.35€9 10: cows and heifers. $3.25®8.30: stockers and feed ers, $6.25*37 90, Texans, $6.75(98.16; calves. $9 35@ 11.00. Sheep—Receipts. 22 000. Market, steady: native and Western, $3 25^5 10; lambs, $5.2568.00. EGGS—Fresh country, candled, 16@ 17c. Bl/TTER—Jersey and creamery, In i-lb. blocks 27%® 30c; fresh country, f.ur demoiia ux&i&c. UNDRAWN POULTRY—Drawn, head and feet on, per pound: Hens, 19c, fries, 22% @24; roosters, 8@10c; tur keys. owing to iatr esss. 17Q/iyc. . LIVE POULTRY—Hens. 40@45l roosters, 30@35c; broilers. J5@3Uc pe*' pound; puddle ducks. 30@3oc; Pekin*, 25@40c; gv-e.se, 50(oi6Oc e«cn: turkey*, owing to fatness. 16oflW FRUITS AND PRODUCE. FRUIT AND VEGETABLES—Lem ons fancy, $8.00<g:9.00; cauliflower. 100 12%c lb.; bananas, 2^c lb; cabbage, $2.00 per crate; peanuts, per poind, fancy Virginia, 6%@7c; choice. 5%g)6c; beets. $1.75(32.00 in half-barrel mates; ccumbers, *1.25(5)1.50 Eggplants 75c 4*1.00 per crate, peppers, $1.25® 1.50 per crate; tomatoes, fancy, six- j&sket crates, $2.00®2.50; onions, $1.00 per bu.; sweet potatoes, pumpkin yams, 80®8oc. >kra. lancy, six-basket crates, $1.50® 1.75. FISH. FISH—Bream and perch, 7c pound; snapper, 10c pound: trout, 10c pound; blueflsh, 7c pound; pompano, 20c pound; mackerel, 7c pound; mixed fish. 6fi>6c r ound; black bass, 10c pound; mullet, 11.00 per barrel. FLOUR AND GRAIN. FLOUR—Posted’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-rising), $6; fcwans 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; Homs Queen (highest patent), $5.65; Paragon (high est patent, $5.75; Sunrise (half pared), *4.85; White Cloud (highest patent), $6.25; White Daisy (highest patent). *5.00; White Lily (high patent) $5.00; Diadem (fancy high natent). $5.«6. Wa ter Lily (patent), $5.15; Sunbeam, $4.85. Southern Star (patent). $4.85; Queen Spray (patent). $4.86; 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) $1.25, red top cane seed $1.35, rye (Georgia) *1.35, blue seed oats 50c. barley $1.25, Burt oats 70c. FEEDSTUFFS. CHICKEN FEED—Beef scrap. 100-lb. sacks, $3.25; 50-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 Rcrafch, 50-lb. sacks, $1.90; 100-lb. sacks, $1.85; wheat, two-bushel bags, per bushel, $1.26; 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-Ib. sacks, $175: Halllday, white. 100-lb. sack9, $1.70; Jandy middling, 100-lb. sacks, $1.76; fancy, 75-lb. sacks. $1.75; P. W . 75-lb. sacks, $1.65; brown, 100-Ib. sacks, $1.55; Georgia feed, 75-lb. sacVs, $1.55; dlover leaf. 76-lb sacks. $1.60; bran. 76-lb. sacks. $1.25; 100-lb sacks. $125; 50-lb. sacks. $1.30; Homeoline, $1.50; Germ meal, Homeo. $1.50. GROUND FFED—Purina feed. 175-lh. 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; ABC feed. $1.55; milk dairy feed. $1.66; alfalfa molasses meal. $1.75; alfalfa meal. $1.40; beet pulp, 100-lb. sacks, $1.60. HAY—Per hundredweignt: Timothy choice, large bales. $1.20; Ivgt- fancy light cloved mixed. $1.15; No. 1 small bales, $1.10; No 2 small $1; alfalfa pea green, $1.10. clover bay $1.20, Timothy standard. $1.05. Timothy small bales $1, wheal straw 70c, Bermuda hay 90c. No 1 $1.20. wheat straw 70c, Bermuda hay »0c. GROCERIES. SUGAR—Per pound: Standard gran ulated 5c, New York refined 4%c, plan tation 4 85c. COFFEE—Roasted (Arbuckle) $24.50, \ A A A $14.50 in bulk. In bags and bar rels $21, green 20c. RICE—Head 4%@5%c, fancy head 5% XL6%o. according to grade. LARD—Rflver ’eaf 13c pound, Scoco 4%'’ pound, Flake White 8%c ”otto- ! lene $7.20 per case. Snowdrift $5.86 per case. STOCK MARKET By CHARLES W. STORM. NEW YORK, July 30.—The feature during the first fifteen minutes of trad ing on the Stock Exchange to-day was the Arts sale at 59% of United States Steel common. This showed a net gain of over a point The advance, however, did not bring the issue here up t«» the level established in London before the opening In New Yohk. In Europe (he stock was traded in on a large scale above 60. The traders said it was another case of selling on good news and the realiz ing was effective in preventing the price here passing the London quotation. The rest of the market displayed a wavering tone. Prices as a rule were generally above last night’s closing. Trading in London was dull. The curb market was steady. NEW YORK STOCK MARKET. Stock quotations to noon. STOCK— High. Amal. Cop. . . 71 Am. B. Sugar . 27% Am. Cota... . 33% do. pr$f. . .93% Am. Car Foun. 45% Am. Cot. 041 . 41 Am. Ice. . . 23% Am. Loco. . .32% Am. Smelt.. 64 Am. T. and T.128% Anaconda . . 36 Atchison. . . 99% All. C. L. . .120% C. and O. , . 56% Beth. Steel . . 35 B. R. T.. . . 88% Can. Pacific. .217% C. and O. . . . 56% Colo. F. and I. 32 Consol. Gas. .132 Distil. Secur. . 15 Erie 28% do. pref. . .46% G. N. pref. . .126 Ill. Cen 113% Interboro . . .15% do. pref. . . 69 K. C. S. . . . 27% M. , K. and T. 22% L. Valley. . . 151 Vi L. and N. . . 134 Mo. Pacific. . 33% N. Y. Central 99% Nat. Lead . . 49% No. Pacific. . 110% O. and W. . . 29% Penna 114% Reading. . . . 160% R. I. and Steel 24% Rock Island. . 17% do. pfd.. . . 29% So. Pacific . . 93% So. Railway . 24% St. Paul . . . 106% Tenn. Copper. 31% Union Pacific.. 149% U. S. Steel . . 59% do. pfd.. . . 108% Utah Copper. 48% Wabash. ... 2% do. pfd.. . . 7% W. Electric. . 64Vs 108 V 48 64 STOCK GOSSIP BAR SILVER. T OYDON, July 30.—Bar silver quiet. 27 %d. The quarterly statement of earnings of United States Steel Corporation was an agreeable surprise yesterday. This is the best barometer of trade condi tions in the country, and shows that business expansion continues, and that existing conditions should justify a higher level of security prices. I am bullish -on stocks and believe the buyer of to-day will have an opportunity of securing a handsome profit before the end of (he year.—T. D. Potter. Uncertain political conditions abroad exert a restraining influence upon stock market activities. Information chan nels continue to reflect a cheerful out look We would look for good buying opportunities in standard and attractive issues for fair profits.—New York Financial Bureau. * * # United States Steel Corporation re ports best quarter since 1907; net earn ings of $41,219,513 in three months end ing June 30. at annual rate of 7 per cent on preferred and 15.7 per cent ftn common. Earnings for the quarter in creased $16,117,648. Sinking fund $7,629,- 785; increase $2,554,666; halance $33,590.- 028; increase $13,562,882; balance after preferred dividends had been paid ag gregated $33,696,527, which is equal to 6.63 per cent on $508,302,500 common stock for the six months. * * * The Inland Steel Company for year ended June 30. earned 21.95 per cent on capital stock against 12.38 the previous year. * * * It is said that the majority of Demo cratic leaders are opposed to reopening money trust investigation by inquiry into Secretary McAdoo's charges of bank conspiracy to depress the price of Gov ernment 2 per cent bonds. * * * The stock exchange begins Inquiry into short sale of Government 2 per cent bonds made Saturday. Bonds were pur chased by the National City Bank. * * * American stocks in London firm, gen erally % to % higher. Steel was. a strong feature, advancing 1% points. Grain Notes New high levels for all cereals. • • • The export business In wheat last week was placed at more than 5,000,(M>0 bushels. • * * The Kansas City Star reports the Kansas corn crop the worst since 1901, when the crop was 62,000.000 bushels. • * • John Inglis is reported estimating the winter wheat crop at 475,090,000 bush els; spring wheat 225,000.000 bushels, a total of 700.000,000. He placed Canada’s crop at 170.000,00 bushels against 205,- 000,000 last year * * • According to Slement, Curtis A* Co., the winter wheat yield is about 500.- 000,000 nushels, spring wheat expecta tions 230,000,000; corn condition 80. promising a crop of 2,830,000,00 bushels, or about the same as last year, but prospects are on the decline, against Improvements last year Oats crop about 1,000,000.000 bushels or 44)0,000,000 bushels under last year's final. • • • J. G. Steever & Co., of Chicago, say of provisions: “During last week Chi cago packed 40,000 more hogs than the same week last year, while Western receipts were 88.000 larger: Chicago's net out-movement of lard was 200.000 pounds, and of meals 4,000.000 pounds larger than a year ago. Next week 135,000 hogs are expected hut as last week's liberal run broke prices nearly 25 cents, a decrease from above esti mates is probable. Last year’s receipts were 45,213 and 130,651.”- * • * The Chicago Inter Ocean says: “It would not be surprising to the wheat trade to see lower prices to-day. Should corn advance, however, the talent may be disappointed: with high tempera tures over the Northwest, it might be easy to get up a small crop scare. With continued hot dry weather the corn crop is expected to deteriorate and there is no telling how high prices mat go. The country has commenced to back their bullish crop reports with substantial buying orders, and they have the market in hand to a great ex tent. “Patten is bullish and the Armour interests bearish Gats specialists who , are bullish are looking for a sharp ris« j in prices should corn continue to ad t vance One local operator ciedits- with buying ere million bushel®, p-*-^ December. ^S?<xxxxxx>coocccoc< ooooo^ AMERICAN FLAG OFFER Valued at Five Dollars for 90 cents This beautiful American Flag, the very latest, with 48 stars, made of tine hunting. 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. Tins COUPON and 90c entitles the holder to an American Flag:, 5 feet by 8 feet, when presented at onr offices, HEARST’S SUNDAY AMERICAN THE ATLANTA GEORGIAN 20 EAST ALABAMA ST. 35 PEACHTREE ST. 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