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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 6.02»£ 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