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MAGIC SHAVING STAND
TUTURE HEIRLOOMS.
The most useful article ever devised,
light as wood, durable as gold. There
1h nothing else like It. never was. and it
can only be had direct.
Stand is compact, artistic and port
able. the very extract of convenience
and order; five feet high when extended,
but closes to any height. Mirror is
ample and adjustable. no bolts or
screws to lose or misplace. Several
years were spent in perfecting and sim
plifying a stand that will grace the
homo of a millionaire, yet costs no more
than a pair of shoes Why not soften
your temper and save steps, worry and
time every day as long as you live.
AS A GIFT FOR A GENTLEMAN,
“there is nothing else " It's a clear
title to his everlasting gratitude. Stand
can be used as a chess table or music
stand. Special introductory price $3 1*8
delivered prepaid anywhere. A postal
will bring it delivered to any home in
America C O. P. You may never see
this ad. again, so order one to-day.
J. W. RICE Spring St., Atlanta, Ga.
HE MIST’S SUNDAY AMERICAN, ATDANTA, OA., SUNDAY, AUGUST 3, 1913.
Country Banks Must
Prepare to Move Crop
More Than Usual Interest Is Attached to Their
Position at This Time.
OFFER HELP TO
Interesting Discussions Now As
sured on All Important Topics
Slated for the Deliberations.
Nearly all the necessary accept
ances of speakers who will appear on
the program of the Southern Mer
chants* Convention have been re
ceived. Several strong speakers hnve
tendered their services during ths
week, giving further assurance of a
series of discuertons which will be of
genuine help and Inspiration to the
dealers who attend.
In Its foreword the program com
mittee remarks;
“The committee charged with the
task of suggesting a program for the
convention has had before it the two
fold object of electing subjects a
consideration of which would prove
most helpful to the gnpate*»t number
of those attending and of affording at
the same time opportunity for the ad
vancement of ideas or suggestions on
the part of any who might not have a
formal assignment on the, program,
the idea being to so provide that the
members of the convention should
have as complete charge of the dellb-
erationsas possible and that everyone
attending should have an opportunity
to take part.
“With the latter object 1n view,
from 40 to 50 minutes of each day’s
cessions has been given over to an
*Open Parliament,’ in which any
member present who may wish to
speak on any subject on this program
for the day will be Invited to do so.”
The ^program as 1t now stands fol
lows:
Tuesday.
CorrverttioTi called to order—Boiling
H. Jones.
Invocation—Bichop Warren A. Can
dler.
Address of Welcome—Governor
Slaton.
Address of Welcome—Mayor Wood
ward.
Response—R.tfO. Crouch.
leading topic, “How can merchants,
landlords and bankers best direct their
influence toward securing a greater
diversity of eropoT*—J. W. Vaughn,
Cartersville, Ga.
“Marketing ttio Surplus of Grain”—
J R Bachman, Atlanta Milling Com.
pany.
“Cattle and Hogs am By-products'*-
W. H. White, Jr^ White Provision
Company.
“The Greater Stability of Credlls
Resulting”—Joseph A. McOnrd. vice
president Third National Bank
Open Parliament—Yancey HIT1. of
Montezuma. Ga^.and W. A. Brannor\
of Moreland, Ga..*will ierul.
Thursday:
“Merchandising, both ns a legiti
mate means of llvclihood’and as a de
veloper of character and mental vig
or-_W. W. Orr, George Muse Com
pany,
Leading top*—Buying.
“When and how to buy"—R. O.
Crouch. Griffin, Ga,
“Benefits of buying often and ac
cording to active needs”—J. M. Rob
erts. Wilacoochee. Ga.
"Keeping the money at home by
giving preference to home manufac
tures where all things are equal" -
Norman Johnson, editor of The Mer
chants’ Journal and Commerce, Rich
mond, Va.
“Keeping up sales . and keeping
down stock"—W. W. Poole, Hawklns-
ville, Ga.
“Aggressive advertising —Paul r.
Harper, Commerce Observer. Com
merce. Ga.
“Department store methods In a
small city”—J. B. Nupnnlly, Monroe.
Ga
Open parliament.
Friday:
“Proper accounting methods a prime
factor in tlie success of a business’’—
C. E. Pollard, American Audit Com
pany.
“Can a merchant afford to imperil
fels capital by failure-tu-taure his
stock properly?*’—H. E. Choate, J. K.
Orr Company.
“From the bankets 1 standpoint —
R. Noble. Berrien, Ga.
Open parliament.
Subjects remaining open are:
Thursday—"Ascertained cost versus
estimated cost,” “Proper depreciation
of hard stock at inventorv period."
“Disposing of slow’ stock." “SpecUl
sales."
Friday—“Store discipline, store help,
how to create and keep up enthusiasm
among the store force, courtesy as a
business method:" “Could not better
ments such as are suggested by these
discussions be most readily brought
about by local organizations of mer
chants’ associations 0 ’’
There is no doubt of the speakers
being secured for these addresses, but
their acceptances are late.
JAPS TO FURNISH U. S. ARMY COAL
WASHINGTON, .July 19.—Conaidera
We interest is shown here In the
awarding by the United States Gov
ernment for use by the army of the
Philippines of a contract fer 80.000 tons
of coal, valued at $500,000, t<\ a Japanese
firm. Mitsui. Buasan, Kaisha The bid
was $6.20 a ton and was made in com
petition with Australian and Chinese
coal This-is taken to show* friendly re
lations with Japan.
From left to right, those in the picture arc: Seated, Meyer Regenstein, Willis E. Ragan, E. M. Hudson, Bolling H. Jones, H. T. Moore, J. L. Baldwin, C. W.
Clure, R. K. Ram bo and H. E. Choate. Standing, L. E. Floyd, J. D. Robinson, J. Prank Meador, H. S. Collingsworth, J. R. Little and Leonard Brown.
Me-
KEEP LEAD IN
New Companies Being Organized
Which Will Fill Completely
the Gap the “Trust” Left.
SAVANNAH. GA., Aug. 2.—Savan
nah will not lose ground as the prin
cipal naval stores market of the w orld
because of the suspension of tho
American Naval Stores Company.
It is admitted that the suspension of
the American has demoralized the
market. The present outlook, never
theless, is bright. Several new com
panies already have been organized a»
a result of the liquidation of the
American, and It is practically certain
that more will be formed in the near
future. Thu combined power of these
will easily equal the American, and
there 1s no doubt they will be able to
handle the business.
An official of the Columbia Naval
Stores Company, which was organized
la?*t week 1n Brunswick, says that
when the American Naval Stores
Company Is liquidated and all of the
new- companies which are to bo
formed from the American are organ
ized there will be plenty of buying
power. The Columbia is made up of
former officials and employees of the
American.
It is the belief that Savannah should
continue to be the primary naval
stores market of the world. The Co
lumbia company alone, capitalized at
a million dollars, should be able to
handle a good share of the American’s
business.
Savannah has been known to the
world for years as the chief naval
stores port.
At this time the market is in an ex-
tremelv bad condition. There is very
little demand for the product, while
the factors are forcea to carry the
burden of operations, which now’ are
in full swing. An attempt has been
made to curtail production in an ef
fort to help the market, but up to this
time this effort ha^ not been success
ful.
There are now something like 150,-
000 barrels of turpentine and rosins
on the Savannah terminals, and it is
estimated that there is still another
100,000 remaining in the woods. Ttyese
big receipts ar*» being handled and
linanced by the factors.
Jap Silk Market Is
Active and Strong
Prices Give Promise of Advancing
According to Authorities In
the Trade.
NEW YORK. Aug. 2.—In their spe
cial report on the raw silk situation In
the leading world markets. A. P. Villa
& Bros, say:
“The market at Yokohama has be
come active and firm again, and prices
give promise of advancing. There i» a
good demand in evidence, both from
Europe and America. Canton silks
continue in good demand, and prices
in that market continue very firm. At
Shanghai prices are softening some
what. as the high prices quoted by the
rcUers restricted bus'nesA here. There
has been no important change in the
situation at Milan.
“The local market Ip rather quiet, so
far as actual business is concerned.
Inquiries for silk are numerous, but
the manufacturer* prefer to hold off,
as they have large quantities of
thrown silks on hand. The settle
ment of the Paterson silk strike
should materially aid business in this
market.”
NEW WAY OF TREATING
WOOD PROVES VALUABLE
A special treatment of native woods
for use in the better grades of furni
ture has been tried with success in
Germany. Freshly cut birch, oak. elm
or spruce is buried in earth mixed
with lime and other materials, and
left for from three tc five months.
A remarkably fine color Is imparted
to the wood thus treated, so that it
can be used without painting or stain
ing. and after such treatment it has
practically no tendency to shrink or
swell. i
August Is Middle of
Millinery Season
Thousand Buyers In This Line, Nine
Out of Ten Women, Will
Come to Atlanta.
“Fully 1,000 millinery buyers will
visit Atlanta during August,” says C.
B. Palmer, manager of the M. Kutz
Company. Mitchell and Pryor streets,
wholesalers of millinery supplies.
“The middle of^August 1s the height
of our season," says Mr. Palmer. “By
September 1 the rush is over, and
most of the goods have moved out.
Just now business is exceptionally
good. We expect to welcome a great
crowd during the merchants’ conven
tion. and. in contrast to most whole
sale houses. It will fall to our pleasant
lot to entertain the ladies. Nine out
of ten millinery buyers are women.
They seem to understand the business
better than men.”
For a time the silk strike in Pater
son, N. J., and surrounding territory
threatened to embarrass seriously the
millinery trade. But the strike, it
seems, has been settled.
“We expect satisfactory ribbon de
liveries after August 15,” Mr. Palmer
says. “Prices have advanced, how
ever. Velvet is in good demand in
narrow widths. Smaller hats will be
worn this fall. As to predominating
colors, we all are a.t sea. and are sell
ing nothing but the staples Just now.
“We have planned a hearty wel
come for the buyers. Five of the
salesmen will be in the house for the
i occasion.” ,.
Firm Handles Flour
With Unusual Care
E. L. Adams Co. Rebolts Every Sack
Which Comes From the
Mills in Jute.
Occupying four floors in the L. & N.
Terminal Building, the E. L. Adams
Company claims to furnish anvthing
the keeper of a grocery store want?,
“from soft soap to green gourds.”
The firm makes a specialty of New
York State and California canned
goods of the highest grade. The Edg-
ett Burnham and “Yours Truly” lines
are among its leaders.
Particular attention also is paid to
the flour trade. All flour handled by
the concern Is rebolted In the estab
lishment. A« pearly everyone knows,
flour comes to Atlanta in jute sacks.
The usual method Is to empty these
sacks in bins and fill the cotton sacks,
with Which the consumer is familiar,
by hand, using scoops. The Adams
Company empties the jute sacks into
a rebolting machine, and the flour is
sifted through fine silk, so that all
lint from the jute Is removed. From
this machine the flour goes through a
packing machine, and the flour is not
handled from the time it enters the
house until It leaves.
G. B. McDowell Is manager of the
firm, of which E. L. Adams is presi
dent.
A feature of the establishment is
the cigar room, which is air-tight and
floored with brick and sand. The
brick and sand absorb the moisture
necessary to keep the cigars in per
fect condition.
Dyed Wolverine Is
Popular New Fur
Many Buyers Think It Prettier Than
Original Fisher Which
It Imitates.
Prompt Returns
/ T' FIE unvarying precision and promptness,
and the reasonable rates, which charac
terize ALL Collections made through the AT
LANTA NATIONAL BANK especially com
mend this old established institution to out-of-
town Banks, Merchants, Firms and Individuals
desiring the BEST of service. No delays or
prolonged anxiety, and books can be kept strict
ly up to date; for each Correspondent is advised
at the earliest possible hour whether or not liis
paper has been honored.
Your Atlanta business is invited.
Atlanta National Bank
C. E. CURRIER,
President.
F. E. BLOCK.
Vice President.
JAS. S. FLOYD,
Vice President.
G. R. DONOVAN,
Cashier.
J. S. KENNEDY
Asst. Cashier.
J. D. LEITNER,
Asst. Cashier.
CAPITAL
SURPLUS .....
RESOURCES ..
$ 1,000.000.00
1,000,000.00
10,000,000.00
A fur that has recently coihe to the
front abroad, and which will he fea
tured by local manufacturers during
the coming season. Is called dyed fish
er-color wolverine. It is said that
many buyers consider this dyed fur
much prettier than the original fisher.
The fur is made up in scarfs and
muffs 1 , and will also be used for coats
and trimmings. A new style in fur
sets Is a scarf about two and one-
quarter yards long, draped at both
ends, and a draped muff, heart-
shaped, about nineteen inches wide
and eighteen inches deep. It Is
thought that this style will be taken
up extensively by smarter dressers.
RUSSIAN BLOUSE EFFECTS
LEAD FOR EARLY FALL
Charmeuse, crepe and crepe de
chine are materials moving best for
early fall silk dresses.
Models now shown are mostly slm
pie designs, with plaited Russian
blouse effects leading the demand.
Finishings of surplice blouses with
vestees and sleeves of net are also
well thought of. Most in demand
colors are navy, taupe, prune, black,
green, yellow, various shades of red
and Copenhagen blue. Retailers say
that the spring selling of silk dresses
has continued longer than during any
previous season, and for that rea
son they display greater confidence in
them for fall.
As crop-moving time draws near
the position of the country banks,
which in the last analysis must
finance the movement of the Western
harvests, is becoming of more and
more interest Particularly Is atten
tion focused upon them as time money
continues to climb to the height of
6H per cent for six months Just now,
when, if ever, the money tension
might be expected to relax, following
the July dividend payments.
Analysis shows that the 6,800 coun
try banks of the United States are
not as well off as the city institu
tions In fact, there can be no deny
ing that the interior banking position
is somewhat overextended.
Country Loans Continue.
Notwithstanding the drastic meas
ures which the big banks in the East
have been taking all this year to re
habilitate their reserves, the coun
try institutions have persisted in ex
tending loans and traveling on slim
reserves. The actual reserves of the
country banks have now fallen to 21.87
per cent, which is easily the lowest
point reached since 1893.
The course of loans and cash hold
ings of the country banks over recent
years illustrates how their reserve
position has been steadily depleted.
In the past year they have raised
loans by no less than $223,000,000 with
only a $20,000,000 cash increase, or in
the ratio of 11 to 1, whereas the
normal proportion is about 5 to 1.
Going back a year further the com
parison shows even more clearly with
increase of $407,000,000 in loans and
only $22,000,000 in cash. Not only
that, but in the same period invest
ments in bonds have Jumped $72,000,-
000. Not once since the spring of
1910 have the country’ banks lighten
ed their bond load
Effect of Policies.
The effect of these policies is por
trayed more clearly than in w’ords
by the following figures (000,000 omit
ted) :
Reservs
Loans. Cash. Legal Actual
Per C. Per G.
June 4. 1913.. .$3,202 $266 16.62 21.78
June 14. 1912. . 2,979 246 16.53 20.50
June 7. 1911... 2,795 244 17.00 23.56
June 30, 1910.. 2.740 235 17.07 22.57
June 23. 1909.. 2.416 222 17.34 25 09
May 20. 1907... 2,331 188 16.64 24.21
No section of the country has been
entirely immune. The Far West,
Pacific Coast and South have all been
reporting reductions in reserves as the
following comparative tabulation at
tests. New England and the East are
omitted because there has been and
is now some improvement in these
centers under the lead of New Yorki
South. Middle. West. Pacific.
Per C. Per C. Per C. Per C.
June 4. 1913. .16.91 14.67 16.85 17.63
June 14. 1912.16.95 16.42 17.08 17.60
June 7. 1911..17.63 16.85 17.50 17.82
June 30. 1910.17.67 16.94 17.35 17.93
June 23, 1909.18.31 17.17 17.50 18.46
Henry Seligman Is
Business Optimist
Sails From England Sure That Unit
ed States Has “Turned
the Corner.”
Special Cable to The American.
LONDON, Aug. 2.—Henry Seligman,
who sailed on the Olympic, was ex
tremely optimistic about business affairs
in the United States.
“Although I have been absent six
months,’’ he said, “I can see that we
have turned the corner.”
Fundamental conditions, he said, are
far too sound for any worry about the
immediate future, far less the chances
of a panic.
He thinks the tariff bill will pass
practically unaltered and believes it will
help the country’s industries enormous
ly. He also hopes that the currency bill
will pass this session because of the
Immense aid it will be to the country’s
prosperity.
Attention, Merchants
Since coming to the South to find a broader
market for our products, this company’s business
has grown so rapidly that we have found it neces
sary to open a sales office and warehouse in At
lanta to facilitate prompt service for our cus
tomers.
We are now carrying a complete stock of our
Famous Miami Valley Winter VUieat Flours. Our
warehouse at 149 Madison Avenue is a model of
the “Down to the Minute” flour storage, wffiere the
Pure Food Idea rules supreme. Our flour is un
touched by human hand from the time it leaves the
rolls until it reaches the customer.
NO DIRTY HANDS
resacking in filthy warehouses and rehandling rooms. We
are here to stay and to serve you. Don’t buy flour again
until you see us and get our prices.
THE ALLEN & WHEELER CO.,
TROY, OHIO.
WARREN & HOWELL, Sales Agents
149 Madison Avenue.
Atlanta 395. Atlanta, Ga. Main 2249.
OF ATLANTA
Esteems the Patronage of Georgia Merchants, and
Cordially Invites Those Attending the Southern Mer
chants Convention to Call and Inspect Its Facilities.
Its methods are up to date and the effi
ciency of the service it renders its patrons
signifies it has a thoroughly trained organiza
tion, ably guided and assisted by a directorate
of practical business men and bankers, whose
personnel and financial strength have elicited
the confidence of the business community.
'TMTTS is the committee of the Merchants and Manufacturers’ Association which is “the power behind the guns.” No one who has not followed closely the la-
4 hors of this committee can realise the hard work which lias been necessary to get everything in readiness for the hig convention which opens this week.