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THE ATLANTA GEORGIAN AND NEWS READ FOR PROFIT-GEORGI AN WANT ADS-USE FOR RESULTS THE ATLANTA GEORGIAN AND NEWS 17
INCOME PROPERTY.
THERE IS NOTHING like good income-producing property
that can be bought on liberal terms for a safe invest
ment.
Below we offer several places that can be bought on such
easy terms that they will almost pay for themselves.
No. 242 Jones avenue; 5 rooms, all conveniences, on
paved street, near car line, $2,3.')0.
No. 341 Simpson; an entire block, 214x140 feet; a house
on a piece of ground this size promises all sorts Of opportuni
ties. Price $5,000.
Corner Boulevard and Old Wheat; lot 64x90 feet; 12-
room house, and room for good store on corner. This is an
unusually good income proposition, and can be made much
better. Price $5,000.
FORREST & GEORGE ADAIR
FOR SALE
JOHN J.
YVOODSIDE
WANTED—A BUNGAIiOW.
(NORTH SIDE.)
Have buyer for up-to-date, new home,
with five rooms. Will pay $5,000 to
$5,500. If you OWN this place see us.
THOS R. FINNEY. Sales Manager.
12 "Real Estate Row.’’
EXCHANGE
WE CAN EXCHANGE a splendid piece of acreage on the
North Side for improved property inside the city. A good
trade can be had in this tract and the luck} 7 party will
make a big profit.
J- R. J. H.
SMITH & EWING
Ivy 1513.
REAL ESTATE, RENTING, LOANS.
130 PEACHTREE
Atlanta 2865.
REAL ESTATE AND
CONSTRUCTION NEWS
J
Building Figures
Put Atlanta Ahead
Louisville and Other Cities Beaten.
Small Sales Made—Home Bought
in Ansley Park.
A comparison of Atlanta’s budding
figures with the last figures obtained
from Louisville, New Haven, Spring-
field, Grand Rapids and Denver shows
^ the former city well ahead of the
' others, and close to cities with twice
as much population.
Up to noon Wednesday permits to
taled $376,653. This represents a de
cline from the figures of last month
and of the same period last year, but
structures now planned promise to
bring up the average.
Interesting Sales.
f' Mrs. Sophie P. Dickson and Mrs.
Emma Lee Hancock have sold to Wil
liam W. Reid, of Atlanta and College
Park, No. 425 Whitehall street, an
irregular lot on the Central of Geor
gia right of way, for $20,000.
Mrs. Mary C. Lowe has bought
from Albert H. Bailey, No. 247 St.
Charles avenue, 50 by 133 feet, for
$7,000.
J. L. Lovvorn, of Carroll County,
has bought from Miss Dena Wisdom
a house and lot on the south side of
Forrest avenue, 170 feet west of Pied
mont avenue, for $6,500, assuming
$4,500 indebtedness. This is 54 by
224 feet.
J. N. Renfroe has bought from
James Kempton a Myrtle street lot
113 feet south of Fourth street, 52 by
150 feet, for $3,600.
Antley Park Purchase.
Gibson Rose, of Cincinnati, has sold
to a client of the John D. Babbage
Realty Company a 90 by 175 foot lot
on the south side of Avery drive, be
tween Piedmont avenue and Mad
dox drive, for $3,150, or at the rate of
$36 a front foot.
Small Sales Made.
Lot sales totaling $7,700 in the
Clairemont Park, Ormewood Terrace
and Peachtree Highlands subdivisions
have been reported by the L. P. Bot-
teofield real estate agency. Five of
these are in Clairemont Park, where
a client will build. This agency has
also sold four houses, announcement
of which is expected soon.
< New Realty Firm.
A new real estate firm, Reeves &
Moran, has opened an office at 417
Empire Building. The firm is com
posed of J. G. Reeves, formerly in the
real estate business in Asheville. N.
C., and T. L, Moran, formerly sales
; manager of the L. P. Bottenfield
. ^ agency.
Bryan Grant Returns.
* Bryan M. Grant, the well-known
real estate man. has returned from a
short trip to Indianapolis, Louisville,
St. Louis and other points. He pre
dicts a big crop and much activity
this'fall in real estate.
BUILDING PERMITS.
$600 each—Andrew Gust, Edge-
wood avenue, near Equitable Build
ing; seven one-story steel buildings.
Day work.
$75—J. Spielberger, No. 276 High
land avenue; build foundation. Day
work. _ ,
$75—T. C. Baldwin, No. 17 Dalney
street; addition. Day work.
$75—w. Ml Terry, rear Nos. 17-19
Piedmont avenue; re-cover barn. Day
" $500—P. P. Jackson. No. 280 Jones
avenue; add three rooms. Day work.
$4,200—Mrs. J. G. Waters, Durant
place; residence. Fulton County
Home Builders. ^
$4,500—Mrs. Iola Arnold, Westmin
ster drive; same.
Delay on Mansion Site.
Real estate men are watching with
more than ordinary interest the out
come of the proposal for the State
Legislature to take up the question
of making some disposition of the
Governor’s mansion at that south-
west corner of Peachtree and Cam
streets It will he recalled that
resolutions have been introduced
O with this object in view, but the
question has never come out of
' In the meantime, land dealers ar#
looking over propositions made two
vears ago. and supplementing them
in many cases with others_ .since
there is but a short time before ad
journment. however, the opinion has
been expressed that nothing will he
.REAL estate^for sale.
j^harp & J^oylston
ORMEWOOD PARK.
THIS is a new six-room cottage,
with hall. It has city water
and electric lights. Large, shady
lot. Less than one-half block of
car line, and in three blocks of
good school. A real bargain at
the price and terms we are ask
ing for it. Price $2,800, on
month.
FOURTH WARD INVEST
MENT.
THIS is is a four-room negro
house, which is always rented
for $7.50 per month. Can be
bought for $700—over 12 per
cent. Lot 40 by 100 feet. A bar
gain.
New Crops Firm on Dry Weather
in Texas, but July Drops in
Sensational Manner.
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
terms ot $100 cash and $2(T movement, led by Wall street and the
done this year, unless an extra ses
sion should be called.
improving Luckie Street.
Work has at last been started on
the wood block paving of Luckie
street, from Peachtree several blocks
westward. This improvement will
be appropriate to the erection of the
new $260,000 Y. M. C. A. building at
the northwest corner of Luckie and
Spring streets, as well as to the gen
eral improvement in this neighbor
hood. A few years ago the section
around the Atlanta School of Medi
cine was dotted with small wooden
houses that presented a poor ap
pearance, but things have been
greatly improved with the erection
of substantial buildings, and with
the opening of attractive business
subdivisions.
To Manage Avalon.
The Avalon Apartments, southeast
corner of West Peachtree street and
North avenue, is to have a new man
ager. He is H. F. Martin, of the
loan department of the A. J. & H. F.
West Real Estate Agency, who will
take charge September 1. Mr. Mar
tin is a well-known building expert,
and will have charge of the rental
of this attractive structure.
Peachtree Heights Buy.
L. B. Rhodes has sold to Mrs. Vic
toria MacArthur through the Robert
A. Ryder Real Estate Agency a two-
story nine-room house in Peachtree
Heights for approximately $ 10,000k.
The lot is 80 by 425 feet.
Greenfield Building Starts.
Moise DeLeon, the well-known
contractor, has started work on the
one-story building of the D. Green
field estate on the east side of South
Forsyth street just north of Mitch
ell street, and will rush the same to
an early completion. The frontage
is over 100 feet. The buildihg will
contain a basement and will be
leased for stores.
Cigar Stores Extending.
Corners continue in demand for
the United Cigar Stores Company.
This concern has half a dozen cor
ners on the North Side and has now
leased its first place on the South
Side, northeast corner of Mitchell
and South Forsyth streets. This lo
cation was bought by Asa G. Candler
for $5,000 a front foot, a record for
Mitchell street. The seller was Mar
tin Amorous.
New Renting Department.
Hurt Cone, real estate agent in the
Empire Life Building, has opened a
renting agency in connection with
his sales business, with a compe
tent agent in charge.
Activity in Decatur.
The Chelsea Land Company has
sold to Mrs. Catherine M. Myers lots
10 and 11 of block 2 in the Chelsea
Heights subdivision, Decatur, for
$1,000. There is much activity in
this section, some of the recent trac
ers being T. E. Smith, Mrs. M. L.
Bentley, T. M. Fincher. W. T. Ash
ford, Mrs. Jessie E. Brown. Mrs. Til-
lie Binder. C. N. Peck, H. A. Ether
idge, M. E. Floresch and William L.
Jenkins.
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, $8.76®9.15; rough heavy. $8.35
ra8.70: light, $8.95®9.50; pigs, $8.00®
9.10; bulk. $8.75®9.05.
Cattle—Receipts. 17.000. Market,
steady; beeves, $7.35®9.10; cows and
heifers. $3.25(9 8 30: stockers and feed
ers, $6.25® 7.90; Texans, $6.76®8.15;
calves, $9.35(9)11.00.
Sheep—Receipts. 22.000. Market,
steady; native and Western, $3.25®5.10;
lambs, $5.25®8,00.
ST. LOUIS, .July 30.—Cattle receipts
5,000. including 1,100 Southerns. Na
tive beef steers, $5.50®s8.75; cows and
heifers. $4.75(98.40; stockers and feed
ers, $5.25®7.60; calves, $6.00®10.50;
Texas steers, $6.25(97.75; cows and heif
ers. $4.26®6.50: calves. $5.00(96.50.
Hogs—Receipts. 5,500; steady. Mixed,
$9.15®9.40; good, $9.16(99.25: rough,
$8.60®8 75; lights. $9.25®9.40; pigs,
$7.25(99.25; bulk. $9.20® 9.35.
Sheep—Receipts. 7,000; market steady.
Lambs, $6.00(97.40; muttons, $3.25®
4.25; yearlings. $4.75®6.00.
EGGS—Fresh country, candled, 16®
He.
BUTTER—Jersey and creamery, in
i -lb. blocks 27%®30c; fresh country,
fair deinonc io®i8c.
UNDRAWN POULTRY—Drawn, head
and feet on, per poujnd: Hens, 19c,
fries, 22%®24; roosters, 8®10c; tur
keys. owing to fatreps. l7®iyc.
LIVE POULTRY—Hens, 40®45;
roosters, *0®36c; broilers. 25®30c per
pound; puddle ducks. 30®3bc; Peklns,
85® 40c; gvese, 50® 60c each: turkeys,
owing to fatness, lawr.-ts.
FRUITS AND PRODUCE.
FRUIT AND VEGETABLES—Lem
ons. fancy, $8.00®9.00; cauliflower. 10®
12%c lb.; bananas, 2^c lb; cabbage,
$2.00 per crate; peanuts, per pojnd,
fancy Virginia, 6%®7c; choice. 5%®6c;
beets, $1.75@2.00 in half-barrel crates;
ccumbers, $1.25®1.50 Eggplants 75c
® 1.00 per crate; peppers, $1.25®1.60 per
crate; tomatoes. fancy, six-jasket
crates. $2.00®2.50; onions. $1.00 per bu.;
sweet potatoes, pumpkin yams, 80®86c.
•ikra. fancy, six-basket crates, $1.50®
1.76.
FISH.
FISH—Bream and perch, 7c pound;
enapper, 10c pound; trout, 10c pound;
bluenah, 7c pound; pompano, 20c pound;
mackerel, 7c pound; mixed fish, 5®6c
pound; black bass, 10c pound; mullet,
$11.00 per barrel.
FLOUR AND GRAIN.
FLOUR—Postell’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;
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 pate nt),
$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 67c. 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, cant
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.
FEEDSTUFF'S.
CHICKEN FEED—Beef scrap. 100-Ib.
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; GO-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. $3.85; 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-lb. sacks. $1.75;
Halliday, white, 100-lb. sacks, $1.70;
Jandy middling, 100-lb. sacks, $1.76;
fancy, 75-lb. sacks. $1.75: P. W., 76-ib.
sabks. $1.65; brown, 100-ln. sacks, $1.55;
Georgia feed, 75-lb. sacks, $1.55; dlover
leaf, 75-lb. sacks. $1.60; bran. 76-lb.
sacks. $1 26; 100-lb sacks. $1.25: 50-lb
sacks. $1.30; Hoineoline, $1.60; Germ j
meal, Ilomeo, $1.50.
GROUND FFED-Purina feed. 175-lb.
sacks, $1.70; Purina molasses feed. $1.60;
Arab horse feed, $1.70; Allneeda feed,
$1.65; Siterene 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. $1.65; 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: l^rge fancy
light cloved mixed, $1.15; No. 1 small
bales. $1.10: No 2 small $1; alfalfa pea
green. $1,10. clover hay $1.20. Timothy
standard, $1.05. Timothy small bales $1,
wheat straw 70c, Bermuda hay 90c, No
1 $1.20. wheat straw 70c. Bermuda hay
yOc.
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 A $14.50 in bulk. In bags and bar
rels $21. green 20c.
RICE—Head 4%@5%c, fancy head 5%
®6 % c, according to grade.
LARD—Silver leaf 13c pound- Scoco
g%c pound, Flake White 8^c .lotto-
lene $7.20 per case, Snowdrift $5.86 per
case.
SALT—One hundred pounds 53c, salt
brick (plain) per ense $2.25, salt brick
(medicated) per case $4.86, salt red rock
per hundredweight $1, salt white per
hundredweight 90c, Granocrystal. per
case. 25 lb. sacks, 76c; salt ozone per
case 30 packages, 90c. 60-lb. sacks. 30c;
25-lb. sacks 12c.
MISCELLANEOUS—Georgia cane syr
up 37c, axle grease $1.75, soda crackers
7%c pound, lemon crackers 8c. oyster
7c, tomatoes (two pounds) $1.65 case,
(three pounds) $2.25, navy beans $3.25,
Lima beans 7%c, shredded biscuit $3 60.
rolled oats $3.90 per case, grits drags)
$2.40. pink salmon $7, cocoa 38c, roast
beef $3.80, syrup 30c per gallon, Sterling
ball potash $3.30 per case, soap $1.50®4
per case, Rumford baking powder $2 5t
per case.
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 in a 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.
leather news not quite as bearish
as had ibeen 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 rainfall. In
addition to this a Liverpool cable
stated that spinners’ takings from
Liverpool were more freely, as stocks
are pretty well used up. On the
other land, Manchester 19 quiet, as
India is not a free buyer and there
are troubles 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, 31.19; January, 11.09.
Following are 10 a. m. bids in New
Orleans: July, 11.50; August, 11.60; Oc
tober, 11.22; January, 11.21.
Estimated cotton receipts:
Thursday. 1912.
New Orleans 500 to 1,000 82
Semi-weekly interior movement:
1913. 1912. 1911.
Receipts 4,477 2,287 7.028
Shipments 8,667 7,993 6,892
Stocks 97,809 68,329 58,993
NEW YORK. COTTON.
Cotton quotations:
| I 1:30 | Prev.
jOpenjHigh I Low|P.M.| Close.
July .
Aug. .
Sept. .
Oct. .
Nov .
Dec. .
Jan.
Feb.
Mch .
May .
.111.92111.93111.71)11.73
.11.66111.66 11.66111.60
;lii’.25 ii!25lii!i2 ii.'ii
111.14)11.14)11.03111105
!)ii!22 iL22 ii!i2 ii!i2
• 111 .21111.21111.20)11.20
11.89-94
11.63-64
11.35-36
11.23-25
11.76-78
11.19- 20
11.11-12
11.00
11.20- 23
11.25-26
LIVERPOOL COTTON MARKET.
LIVERPOOL, July 30.—Due 6% points
higher on July and unchanged to 1%
points higher on other months, this
market opened steady at a net advance
of 1 to 2 points. At 12:15 p. m. the
market was steady at a net advar e 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 bales.
At the close the market was steady
with prices at a net advance of % to
2% points from Tuesday’s closing quo
tations, with the exception of August-
September, which closed unchanged.
The market was bought early on
steady cables and private reports of
some deterioration in the Western belt,
but became easy later on selling by
Wall street and uptown crowd. There
has been considerable evening-up in
July to-day, but was traceable to no
special interests, as the trading in this
option was in small lots and scattered.
There are no rains shown on the map in
the Western belt, and this is causing a
hesitancy on the part of these Inclined
to the bear side to se)l Just now. How
ever, a narrow market 1h looked for un
til after the Government report is out
of the way.—J. M. Anderson.
The Memphis Commercial-Appeal con
dition report for month of July shows
average of 82.1, against Government
condition of 81.8 on July 3. By states;
Tennesse. 89, decrease 2 points from
July 3; Government report, Mississippi,
83. increase 1; Arkansas 88, increase 2;
Alabama 82. increase 3; Oklahoma 87,
decrease 2; oulsiana 84, increase 8; Tex
as 84. decrease 2; Georgia 76. increase
2; South Carolina 76, increase 3; North
Carolina 78. increase 2 per cent.
* * *
The market w r as steady at the open
ing to-day on private reports of dete
rioration in Texas, due to hot dry
weather. Riordan and Wilson best
buyers, Ilentz and Weld leading sellers.
* * *
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 agq
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 belt; no rain
in the Western States: general rains
over East Mississippi, Alabama, West
ern Georgia and light show'ers In the
Memphis district. Indications are for
generally fair weather over the Western
States, except perhaps cloudy over Gal
veston coast districts, cloudv shpwery
in the Eastern and Central States."
* * •
The New Orleans Times-Democrat
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 with its
legislative club. America believes both
crop and the need will be large, that
the world can afford to pay current
values, and that, under normal condi
tions of supply and distribution, all
the cotton harvested in 1913-14 will
pass into consumers-’ hands at a splen
did profit to the farmer. But America
fear3 the Clabke 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
1 that the death of the American
.iure market will mean the resur
rection of consumers’ control over the
value of the raw material."
MS BIG
Quotations opened quiet.
Opening.
Prev.
Range.
2PM
Close.
Close.
July ....
. .6.26
6.29
6.26 Vi
6.24
July-Aug .
. .6.24*6
6.27
6.241*
6.23
Aug.-Sept. .
. .6.17
6.19
6.16 Vi
6.L6V,
Sept.-Oct. .
. .6.081*
6.10
6.08
6.07Vi
Oct.-Nov. .
. .6.04
6.05^.
6.04
6.03
Nov.-Dec. .
. .5.99
5.99
5.98
Dec.-Jan. .
. .5.991/2
5.99
5.98
Jan.-Feb. .
. .6.00
6.011*
5.99 V^
5.98 %
Feb. -Mch. .
. .6.01
6.02ȣ
6.01
6.00
Mch.-Apr. .
. .G.02M»
6.04
6.02
6.01
Apr.-May .
. .6.04
604 y 2
6 02
May-June . . .6.05
Closed steady.
6.06 Vs
6.04 Vi
6.03V4
HAYWARD
& CLARK’S
MILLER-COTTER LETTER.
MEMPHIS, July 30.—Efforts to bull
cotton on dry weather in Texas have
failed. There are two reason* One
is that the drouth has not yet attained
serious proporMons, and the other that
everywhere else the crop is doing well.
Forecast for unsettled weather over
Texas and Oklahoma was the basis
fortune selling after the opening and
th< market shows little rallying power.
DAILY COTTON LETTER
NEW ORLEANS, July 30.—The
map shows fair weaiher in the West
ern States; no rain; cloudy in the
rest of the belt with rain over Eastern
Mississippi, Alabama, parts of Georgia
and a little in Tennessee. Indications
are for continued fair weather in
Texas and Oklahoma, with the oxeep-
i tion of some cloudiness in the North
western and Southeastern corners;
partly cloudy in the Central and
Eastern States; some scattered show
ers, patricularly in the Central Gulf
districts.
The Galveston News reports the
first new' bale at Waco, Texas, on the
28th.
Our market opened a few points
higher ort new' crops on continued dry
weather in the Central and South
Texas sections, and no indications for
immediate relief, but support was not
determined, evidently in consequence
of the fear of the depressing effect
by increasing new crop movement in
Texas with present forcing weather.
The bureau report giving average
condition for the belt on July 25 will
be published on Friday, August 1, at
11 a. m., our time. We shall compare
with 76.5 last year, 89.1 in 1911 and
80 as a ten-year average. The con
dition June 25 this year was 81.8.
General expectation is a bureau show
ing a decline from last month; opin
ions differ greatly as to how much.
Our market eased after Liverpool
closed to 11.18 for October on selling
on an expected increase in the move
ment and spot pressure In Texas.
Houston shows 62 new bales to date.
NEW ORLEANS COTTON.
Cut in Dividend of Two Per Cent
Responsible for Break—Oth
ers Off on Corn Damage.
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 first 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 to the
level established in London before the
opening in New York. In Europe the
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 Ixmdon quotation.
The rest of the market displayed a
wavering tone. Prices as a rule were
generally above last night’s dosing.
Trading in lxmdon was dull. 4
The curb market was steady.
After reducing the Illinois Central
hvideml rate caused a sharp break in
that stock, quotations failing a point at
a time. In a fe# minutes the stock fell
from 113% to 107. This news had no
effect upon the other issues, the ma
jority remaining about unchanged.
Copper received the heaviest fall, de
clining % to 70%. Steel and Reading
were next, both dropping %. Canadian
Pacific, Chesapeake and Ohio, Southern
Pacific and Northern Pacific declined %.
with California Petroleum, Lehigh Val
ley and New York Central remaining
unchanged.
Call money loaning at 2*4.
Stock quotations at 1:30 p m.
STOCK GOSSIP
INTERIOR MOVEMENT.
Cotton quotation*:
1 ” I
1 1 1 I 1:30 | Prev*
lOpenjTIlgh !_L°w|P : M.| CloseX
•July . . .111.50)11.50:il.50|11.60 11.66
Aug. . . .'11.64 1 1 .64 11.64)11.64 11.66-67
Sept. . . 1 1 11.81-33
Oct. . . .111.77(11.28 11.18)11.21 11.26-2
Nov. . . | ) I 111.22-23
Dec. . . . 11.26 1i.26<ll.17)11.18)11.24-25
Jan . . .11.27 11.27)11.48 11.20 11.26-26
Feb . . .| ! 11.21-23
Mch . . 11.32'11 .33111.30 11.30 11.35-36
May . ...1 j 1... ..111.40-41
•Bid price.
PORT RECEIPTS.
The following table shows receipts at
the ports to-day compared with the
same day last year:
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 the 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-
f iorts best quarter since 1907; net earn-
tigs 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 On
common. Earnings for the quarter in
creased $16,117,548. Sinking fund $7,629,-
785; increase $2,554,666; balance $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 pqr 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 MoAdoo’s charges of hank
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.
* * *
The reducing the the Illinois Central
dividend from 7 to 5 per cent was re
sponsible for a temporary reaction.
There was also a report of serious dam
age to the corn crop in some sections
in Kansan. I believe the crop damage
reports are exaggerated and would buy
stocks on any decided weakness for the
long pull.—G. D. Potter.
THE WEATHER.
Conditions.
WASHINGTON. July 30—There will
be showers to-night or Thursday in the
upper I^ake region and in the South
Atlantic and east Gulf States, but else
where east of the Mississippi River the
(veather will be generally fair to-night
and Thursday.
Temperature changes will not be of
consequence.
General Forecast.
Forecast until 7 p. m. Thursday:
Georgia—Local thundershowers to
night or Thursday.
Virginia—Fair to-night and probably
Thursday.
North Carolina, South Carolina, Flori
da, Alabama and Mississippi—Ixrcal
thundershowers to-night or Thursday.
Tennessee and Kentucky—Generally
fair to-night and Thursday
Louisiana—Fair in west; showers in
east portion tonight or Thursday.
Texas—Fair to-night and Thursday.
1:30
Prev.
High
Low
P.M
Close.
Amal. Cop. . ,
761.
69 Vi
69%
70%
Am. Bf Sugar.
27%
27 v;
27%
27
Am. Can. . . .
33%
82 %
82%
33
do. pref.. , ,
93%
93
93
93
Am. Car Foun
45%
45%
45%
45%
Am. Cot. Oil .
41
39%
40%
Am. Loco., . ,
32%
32
32
31
Am. Ice . , ,
23%
23 M,
23%
23%
Am. Smelt. . .
64
68 %
63%
63%
Am. T. and T,128%
128V4
123%
128
Anaconda. . ,
36
35V*
35%
35%
Atchison , , .
99^4
98%
98%
99%
Atl. CL...
120 Vb
120%
120%
120%
B. and O. . . .
99M,
99
99%
98%
Beth. Steel , .
35
34%
34%
33%
B R. T. . . .
88%
87%
87%
88
Can. Pac. . . .217V4
216%
216%
217%
C. and O. . ,
56%
55%
55%
56%
Col. F. and I
32
30%
30%
31%
Consol. Gas. .
132
131%
131%
131%
Distil. Secur.
15
14%
14%
14%
Erie
28%
28 %
28%
28%
do. pref.. ,
45%
45
45
44%
G. N. pref. ,
126
125 %
126%
126
G. N. O. . .
35
35
35
36%
Ill. Cen. . , . .
113%
105%
105%
113%
lnterboro. ..
15%
15%
15%
16%
da pref. , .
59
58%
58%
58%
K. C. S. . . .
27%
27%
27%
27%
M., K. and T..
22%
22%
22%
22%
L. Valley. . ,
161%
150
150 ,
151
L. and N. , .
134
133
133
182%
Mo. Pacific . .
33%
32%
32%
33
N. Y. Central.
99%
98%
98%
99
Nat. Lead. • ,
49%
49%
49%
48
No. Paciflo . ,
110%
109
109
109%
O. and W. . .
29%
29%
29%
29
Penna
114%
113%
114
114
Pacific Mail ,
21
21
21
21
Reading. . . .
160%
158%
159
160%
It. 1. and Steel
24%
24
24
24
do. pfd.. . ,
83%
83%
83%
85%
Rock Island .
17%
17%
17%
17%
do. pfd.. , ,
29%
28%
28%
29
So. Pacific . ,
98 V
93%
93%
93%
So. Railway •
24%
24%
24%
24
St. Paul. . . .
106%
105%
106%
105%
Tenn. Copper.
31%
30%
30%
30%
Union Pacific.
149%
147%
147%
149%
C S Rubber.
60%
60%
60%
60
U. S. Steel , .
59%
58%
58%
59%
do. pfd.. , .
108%
108%
108%
108%
Utah Copper .
48%
48
48
48%
Wabash. , . •
2%
2%
2%
2%
do. pfd.. • •
7%
7%
7%
7%
W. Electric. .
64%
63%
63%
63%
ALL CEREALS DROP
MINING STOCKS.
BOSTON. July 30.—Opening: Butte
Superior 26, Granby 60 Calumet Hecia
409, Alaska 19, East Butte 12. Boston
Elevated 95.
COTTON SEED OIL.
NEW VORK. July 30.—The'"cotton
f*opd oil market was higher with a fair
trade. The bulk of business was In
new crop. The a4traotlve discount*
under the nearby product served to
bring in new speculative buying.
New high levels for all cereals.
• • *
The export business in wheat last
week was placed at more than 5,000,000
bushels
The Kansas City Star reports the
Kansas com crop the worst since 1901,
when the crop whh 62,000,000 bushels
• * *
John Inglis la reported estimating the
winter wheat crop at 475,000,000 bush
els; spring wheat 225,000,000 bushels, a
total of 700,000,000. He plaoed. Canada’s
crap at 170,000,00 bushels against 205,-
000.000 last year.
♦ * *
According to Slement, Curtis & Co.,
the winter wheat yield is about 500,-
000.000 bushels, spilng 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 400.000,000
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 meats 4.000,000 pounds
larger than a year ago. Next week
135,000 hogs ure expected but a-s last
week’s liberal run broke prices nearly
26 cents, a. decrease from above esti
mates is probabuV l^ast year's receipts
were 45,2 <3 and 130,651."
• • ♦
Tho 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 Northw r est. 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 may
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.
"Flatten Is bullish and the Armour
interests bearish. Oats specialists who
ure bulllah are looking for a sharp rise
in prices should corn continue to ad
vance. One, local operator is credited
with buying on« million bushels, mostly
December
• * •
B W Snow’ says reports this morn
ing From Mattoon. Ills., say drouth still
continues. With the exception of a few
local showers, no rain her since April
9. Earlv planted corn will not yield to
expected 10 pushels per acre. Late corn
now only knee to waist high and firing
badly. Only a few fields of oats were
threshed an<] they yielded from 6 to 10
bushels per acre.
• • •
I think this is a good spot to buy
some corn. r<ocal crowd have liquidated
on forecast of possible showers, but it
will take more than showers. Good,
soaking rain needed to make over a
2.7 crop.—Rycroft.
Local forecaster says showers are In
dicated for entire district to-night or
Thursday, except in Northwest portion,
where fair weather wHl prevail.
* • *
Bartlett Frazier Comjsiny says:
"Wheal map shows few scattered show
ers in Minnesota and North Dakota.
There was a good deal of local cover
ing yesterday, and the activity on
coarse grains has a tendency to further
restrict new' speculative ventures in
w'heat.
"Corn—No rains reported and yes
terday’s high temperatures are likely
to be repeated. We look for s
market.
the belief that crop will turn out small
er than estimated a few weeks ago.
"Provisions—Outside buying In Je
uary deliveries noted. Continued
strength in com Is helping prices."
NEW YORK PRODUCE.
NEW YORK, July 30.—Petroleum
firm; crude Pennsylvania, 2.60.
Turpentine w'eaker at 38*4®39^.
Rosin weaker; common, 4.25®4.40.
Wool steady; domestic fleece, 23®27;
pulled, scoured basis. 33®54: Texas,
scoured basis. 46® 53.
Hides quiet; native steers, 18J4®19%;
branded steers, 17 (bid).
Coffee steady; options opened It® 18
points low'er; Rib No. 7 spot, 9% (asked).
Rice steady; domestic, ordinary to
prime. 4®5-V
Molasses steady; New Orleans, open
kettle, 36® 50.
Sugar, raw. firmer: centrifugal. 3.61
(bid); muscovado, 3.11 (bid); molasses
sugar. 2.86 (bid).
Sugar, refined, firm; fine granulated,
4.60 (bid); cut loaf, 5.40 (bid); crushed,
5.30 (bid); cubes, 4.35®4.40; powdered,
4.85 (bid): diamond A, 4.70 (bid); con
fectioners’ A, 4.60 (bid); softs, No. 1,
4.45 (bid). (No. 2 is 6 points lower than
No. 1, and Nos. 3 to 14 are each 6 points
lower than the preceding grade.)
Potatoes steadier; white, nearby, 1.00
®2.32; Southerns. 1.75®2.25.
Beans irregular; marrow, choice, 6.55
®6.60; pea. choice. 3 90 (asked); red kid
ney. choice, 8.76 (asked).
Dried fruits firm; apricots, choice to
fancy, 11H®14V9; apples, evaporated,
prime to fancy. 8\ (asked); prunes. 30s
to 60s, 7%®12 1 4; 60s to 100s. 4®7;
peaches, choice to fancy, 614 1 ♦ seed -
ed raisins, choice to fancy, 5%®6V4.
Predictions of Showers in Cora
Belt and Bearish Figures by
Snow Cause Selling.
ST. LOUIS CASH QUOTATIONS.
Wheat No. 2, red ^..83\@85*i
Corn—No. 2 _67
oats—No. 2 39 ®4<H6
CHICAGO, July 30.—The com market
was again the speculative leader on the
Hoard of Trade at the opening thi»
morning, prices during the first half
hour showing gains of % to l%c, when
compared with the resting spots of last
night. Dry and hot weather cotJtlmlea
generally in the 00m country, majtlmum
temperature* being about 2 points high
er than this time yesterday. Numerous
buying orders were executed In the pit
for people located In the com belt, and
there was a good demand from local
speculators and professionals.
Although condition^ surrounding th«
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 com
market Fine weather was reported in
the spring wheat country and Liverpool
was somewhat easier In price.
Further gains were shown in oat# 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 th«
price of hogs at the yards.
Previous
High. IaOW. Close. Close.
WHEAT—
July. . . 86
6414
84%
85%
Sept. . , 86%
SB A.
83 Vi
86%
Dec.. . . 90%
6»1i
89%
90%
CORN—
July. . . 6614
6614
65%
66%
Sept. . . 6614
64%
65 Is
6544
Dec ... 64
62%
62%
62%
OATS—
July. . . <0%
Sppt. . . 41*4
40
39%
40%
40 Ji
41
41%
Dei:.. . . 44
♦2%
43%
43%
LARD—
July . .22.10
21.95
21.95
22.70
Sept. . .21..-50
20.95
21 00
21.00
PORK—
July . .11 50
11.50
11.50
11.72%
Sept. . .11.77%
11.57%
11.5714
11.77%
Ort . .1185
11.60
11.6714
11.85
RIBS —
July , .11.70
11.45
11.45
11.72%
Bept. . ,11.80
11.60
11.60
11.80
del. . .1152%
11 37%
11.45
1L56
y
WHEAT—
1913. |
liTT
PC
Receipts
2,022,000
1,438,000
Shipments . . . .
1,199,000
782,000
ri
CORN—
i
-
Receipts
391,000
402,000
Shipments . . . , .
299,060
352.000
CHICAGO CASH QUOTATIONS.
CHICAGO, July 30.—Wheat, No. 3
red, new, 86®87; No. 3 red, new, 85^4
® 856^; No. 2 hard winter, new, 86 l 4
®87\; No. 3 hard winter, new, 85H®>
86*4; Ni> 1 Northern spring, 91 @92;
No. 2 Northern spring, 90; No. 3 ,vpring
88@90.
corn, No. 2. 65No, 2 white 66%
®67; No. 3 yellow, 66; No. 3, 65t>68V4;
No. 3 white, 6«V«@66%: No 3 vdlow,
65%®68; No. 4. 64%@«5; No. 4 yel
low. 64% @66.
Oats No. 2 white, 42: No. 3 white,
new, 40® 40H; No. 4 white, 29^.®40H;
standard, new, 4l@41%; .standard, oML
41**@41*.
PRIMARY MOVEMENT,
CHICAGO CAR LOT8.
Following are receipts for Wednesday
and estimated for Thursday:
I Wed n’day. I Thursday.
LIVERPOOL GRAIN MARKET.
LIVERPOOL, July 30.—W'heat opened
unchanged to Hd higher At 1:30 p. m.
tiie market was unenanged; closea l Ad
higher to l *d lower.
Com opened higher. At 1:30 p. m,
the market was Vs to V4<i higher; closed
unchanged to >%d higher.
BAR SILVER.
LONDON, July 30 Bar silver quiefc,
27*d.
NEW YORK. July 30—Commercial
bar silver. 59^; Mexican dollars, 47.
ILLINOIS CENTRAL DIRECTORS
REDUCE DIVIDEND 2 PER CENT
NEW YORK. July 30 —The directors
of the Illinois Central Railroad to-day
declared a semi-annual dividend of 2Vk
per cent. This Is a reduction of 2 per
rent and places the stock on a 5 per
cent basis. The dividend is payable
September 2.
! 1913.
1912.
1913.. |
1912.
New Orleans. . .1
1.047
665
Houston
89
229
Galveston J
421
69
Augusta
.1 186
287
Mobile. ....
19
188
Memphis. . . . .
870
148
Savannah
422 i.
5
St. Louts. . . .
.1 54
79
Norfolk
755
82
Cincinnati. . . .
253
189
Baltimore
742
Little Rock . . .
13
Boston
31
Total
.1 1,392 :
955
Total
2.664 |
1,782
COTTON MARKET OPINIONS.
Miller & Co.: *We can still only re
peat the opinion expressed during the
past few davs, that we think pricee for
the time being are in control of Texas
weather."
Atwood, Vielptt & 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 tne market will not decline and
may go higher temporarily."
Before You Go Away
This Summer /
G et together yoitr valuable -
PAPERS, JEWELRY, ETC., and bring r
them here to our Safe Deposit Vault, where, for
$3.00 a year and upward, you can protect them
for a year from loss by fire or theft. ?
Pay a moderate sum for one of our Letters
of Credit or Travelers’ Cheques, and avoid the
dangers of carrying money around in your pock
et, and the inconvenience of making change in
foreign coin. •
Do these two things, and you can go away
perfectly care-free.
♦
Atlanta National Bank
C. E. CURRIER,
President
F. E. BLOCK,
Vice President.
CAPITAL
SURPLUS
RESOURCES ...
JAS. S. FLOYD,
Vice President.
G. R. DONOVAN,
Cashier.
J. S. KENNEDY,
Asst. Cashier.
J. D. LEITNER,
Asst. Cashier.
$ 1,000,000.00
1.000,000.00
10,000,000.00
1