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HKAUSTT? HUNT)AT AMERICAN, ATLANTA, OA., SUNDAY, AUGUST 3, 1913.
OFFER HELP TO
r I NIlS is the oommitten of the Merchants and Manufacturers’ Association which is “ the power behind the guns. ” No one who ha^ not followed closely the la-
bors of this committee can realize the hard work which has been necessary to get everything in readiness for the lag convention which opens this week.
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 utrong speaker* have
tendered their services during the
week. giving further assurance of a
series of discu*f»ions which will ba 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 bad before It the two
fold object of selecting subjects a
consideration of wlilch would prove
most helpful to the greater 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 delib
erations as possible and that everyone
attending fdiouki have an opportunity
to take part.
"With the latter object in view,
from 40 to 50 minutes of each day’s
eesslons has been given over to an
•Open Parliament.' in which any
member present who may wish to
speak on any subject on th/e program
for the day will be invited to do so.”
The program as it now stands fol
lows:
Tuesday.
Convention called to order—Bolling
H. Jones.
Invocation—Bishop Warren A. Can
dler.
Address of Welcome—Governor
Slaton.
Address of Welcome—Mayor Wood
ward.
Response-—R. O. Crouch.
Trading topic. "How can merchants,
landlords and bankers best direct t heir
Influence toward securing a greater
d1 vecslty of crops?*'—J. W. Vaughn,
Cartersville, Ga.
"Marketing the Surplus of Grain"—
J R. Bachman. Atlanta Milling Com.
panv.
"Cattle and Hogs os Bv-products"—
W. H. White, Jr., White Provision
Company.
"The Greater Stability of Oreflil*
Resulting"—Joweph A. McCord, vice
president Third National Bank.
Open Parliament—Yancey HIH, of
Montezuma. Ga., and W. A. Brannoi^
of Moreland, Ga.. will lead.
Thursday:
“Merchandising, both ns a legiti
mate means of livelihood and as a de
veloper of character and mental vig
or”—W. W. Orr, George Muse Com
pany.
Leading topic—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. Wilaooocbee. 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
flown stock"—W. W. Poole, Hawklns-
vllle. Ga. _ „ ^
"Aggressive advertising —Paul T.
Harper, Commerce Observer, Com
merce, Ga.
"Department store methods In a
pmall city”—J. R. Nujinally, Monroe,
Ga
Open parliament.
Friday:
“Proper accounting mefhods a prime
factor in the success of a business’’—
C. K. Pollard. American Audit Com
pany.
“Can a merchant afford to imperil
his capital bv failure U* i*i^’ire his
stock properlyT'—H. E. Choate, J. K.
Orr Company.
"From the bankers' standpoint”—
R. Noble, Berrien, Ga.
Open parliament.
Subjects remaining open are:
Thursday—“Ascertained cost versus
estimated cost.’’ “Proper depreciation
of hard stock at inventory period,”
“Disposing of slow' stock." “Sped il
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?”
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 ID.—Considera
ble Interest is shown here in the
awarding by the United States Gov
ernment for use by the army of the
Philippines of a contract for 80,000 tons
of coal, valued at $500,000, to a Japanese
firm, Mitsui, Bussan, 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 are: Seated, Meyer Regenstein, Willis E. Ragan, E. M. Hudson, Bolling H. Jones, H. T. Moore, J. L. Baldwin, C. W.
Olnre, R. K. Kamho and II. E. Choate. Standing, L. E. Floyd, J. D. Robinson, J. Frank Meador, II. S. Collingsworth, J. R. Little and Leonard Brown. •
Me-
KEEP ELIO IN
New Companies Being Organized
Which Will Fi[l Completely
the Gap the “Trust” Left.
SAVANNAH. GA., Aug. 2.—Savan
nah will not Ioao ground as the prin
cipal naval stores market of the world
because of the suspension of the
American Naval Rtoros Company.
It 1r 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. Tho combined power of these
will easily equal the American, and
there is no doubt they will be able to
handle the business.
An official of the Columbia Naval
Stores Company, which wus organized
la’rt week in Brunswick, says that
when the American Naval Stores
Company is liquidated and all of the
new companies which arc to bo
formed from the American are organ
ized there will be plenty of buying
jnnver. The < ’olumbia 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 w'orld. 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 forced 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 tho market, but up to this
time this effort has 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. These
big receipts ur*- being handled and
linanced by the factcrs.
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 tho high prices quoted by the
reelers restricted bus ness here. There
has been no important change in the
situation at Milan.
“The local market in rather quiet, so
far as actual business is concerned.
Inquiries for silk are numerous, but
the manufacturers 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 to 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 sqch treatment It has
practically no tendency to shrink or
swell.
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 Is 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 at 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
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 conaern Is rsfoolted lit the estab
lishment. As nearly everyone knows,
flour comes to Atlanta In jute sacks.
The usual method Is to empty these
sacks In bins and (111 the cotton sacks,
with which the consumer Is familiar,
by hand, using sepops- 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
Adored 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.
MAGIC SHAVING STAND
Patented.
FUTURE HEIRLOOMS.
The most useful article ever devised,
light as wood, durable as gold. There
Is nothing else like It. never was, ami it
can only he had direct.
Stand is compact, artistic and port
able. the very extract of convenience
and order; live feet high when extended,
but closes to any height. Mirror is *
ample and adjustable. no bolts or r
screws to lose or misplace. Several [
years were spent in perfecting and sim- r
plifying a stand that will grace the c
home of a millionaire, yet costs no more t.
than a pair of shoes. Why not soften
your temper and save steps, worry and
time every dav 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 “8
delivered prepaid anywhere. A postal
will bring it delivered to any home in
America C. O. D. You may never see
this ad. again, so order one to-day.
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 his
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 9 1,000.000.00
SURPLUS - 1,000,000.00
RESOURCES 10.000,000.00
J
A fur that has recently come to the
front abroad, and which will b© 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
muff?, 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.
RUSSImN 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 sim
ple 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.
Country Banks Must
Prepare to Move Crop
More Than Usual Interest Is Attached to Their
Position at This Time.
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
6V4 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 word*
by the following figures (000,000 omit
ted):
Reserve
Loans. Cash. Legal Actual
Per C. Per CL
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 Yorla
South. Middle. West. Paclflo.
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
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 foupd 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 Wheat Flours. Our
warehouse at 149 Madison Avenue is a model of
the “Down to the Minute’’ flour storage, where 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.
THE AMERICAN NATIONAL BANK
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
tionally 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.
Henry Seligman Is
Business Optimist
Sails From England Sure That Unit*
ed States Ha9 “Turned
the Corner.”
Special Cable to The American.
LONDON, Aug. 2.—Henry Seligman,
who sailed on the Olympic, was ex
tremely optimistic about business affaire
in the United States.
“Although I have been absent six
months,’’ he said, “I can see that w’e
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.