Newspaper Page Text
14
THE ATLANTA GEORGIAN ANT) NIETO
TOTftKEUPIAX
HI
Store Manager Who
PraisesGeorgianAd
Sheppard Bill Sent to Commit
tee—To Be Made Stronger
by Amendments.
With only seven working days left
before the close of the legislative
session the State Senate Tuesday
morning, by adopting the last amend
ment to the general appropriation
bill, began clearing its decks for con
sideration of the taxing measuijes, by
far the most important legislation
undertaken in either branch.
Following the transmission of the
Sheppard bill to the Senate the Fi
nance Committee of thp upper House,
jf which Senator Miller is chairman,
Degan its work. A substitute with
provisions for a State Tax Commis
sion as well as county boards of tux
equalizers will he prepared by this
committee, it is understood, and pre
sented to the Senate the latter part
of this week.
Senator Miller declared Tuesday
he had prepared a tentative bill which
will go the origin;*! Lipscomb bill
one better. Among other things it
Will provide for a strong State com
mission with powers exceeding those
of the State Hoard as recommended
in the original House bill and struck
out in the Sheppard substitute. Other
bills and amendments to the Sheppard
substitute have been prepared.
Bills To Be Hustled.
One thing is certain. The Finance
Committee will act as a unit in de
manding that the Senate pass a bill
which will revolutionize the present
taxing methods In Georgia. That the
measure or measures will be pre
pared. presented and passed before
the close of the session is assured.
This was indicated strongly Mon
day afternoon when the Senate con-
purred in every recommendation of
the Appropriation Committee slash
ing ofY $280,000 from t lie House gen
eral appropriation bill.
As was expected some opposition
developed and several drastic amend
ments. including $30,000 to the Medi
cal College at Augusta, were offered.
The attempts were hopeless, how
ever, for the well-oiled, machinery of
the Appropriations Committee was
ADOPTS K.OFC.IMOTO C
mist SOCIAL
in cuts
Bill Sent Back to the House for
Concurrence—Pension Fund
Stumbling Block.
Samuel L. Ginsburg, who in
resident manager of the Good-
.year Raincoat Company, 35
Peachtree street. He tells of re
markable results from his open
ing advertisement in The Geor
gian.
Dr. Strickler, Noted
Minister, Dies Here
Dr. Givens Brown Strickler, one of
the most protniner* Presbyterian
ministers in the South, died at a lo
cal sanitarium Monday night, after
a short illness.
Dr. Strickler was 73 years old. He
was at one time pastor of the Cen
tral Presbyterian Church of Atlanta,
leaving here 17 vears ago to take
charge of the Union Theological
Seminary, at Richmond, Va., of which
institution he was president until re
cently.
Surviving him are a sister, Miss V.
M. Strickler, of Staunton, Va.; one
son Dr. O. W. Strickler, of Atlanta;
four daughter* Mrs. f\ F. Rankin.
never in better running order. Ah hi t s r Mlss Marv strickler
result one amendment after another | of Uurpns ’ S Ma I y „ L
was voted down. Thf. committee’s
work had received the indorsement of
the majority long before the report
was made in the Senate.
Colleges Get Funds.
Among the amendments defeated
were tin.* - of Senator Tarver, of the
Fort> 'bird, providing for a Tech ap
propriation of 570,000, instead of $74,-
100. as recommended by the commit
tee. and the amendment of Senator
Smith, of the Ninth, who proposed
to .strike out the entire appropriation
of $30,1)00 to the Augusta Medical
College.
, Senator Olllff, of the Fourth, made
« fight on the committee amendments
cutting the common school fund to
$2,371,500. He proposed sis a substi
tute that the appropriation be raised
to $2,500,000. or $50,000 less than the
appropriation made by the House.
When the vote was taken, however,
the committee amendment won by a
good majority.
Among the committee amendments
Adopted were the following: Univer
sity of Georgia. $52,500 to $48,725;
Tech, $80,000 to $74,400; Agricultural
College at Dahlonega, $21,500 to $19,-
995; State Normal School at Athens,
$47,500 to $44,175; State Agricult ural
College. $100,000 to $93,000; Georgia
Medical College. $30,000 to $27,900;
common school fund, $2,550,000 to
$2,371,500.
The pension amendment was con
curred in Tuesday morning.
$750,000 Gem Theft
Laid to Americans
Special Cable to The Atlanta Georgian.
PARIS. Aug. 5.—The Parisian de
tective bureau, in connection with the
theft of a $750,000 pearl necklace be
tween this city and London, are con
centrating their attention on a band
of daring international crooks, well
known to the United States score
service bureau, believed responsibl
of Richmond, Va., Mrs. R. K. Tim
mons of Lawton, Okla., and Mrs.
George H. Denny, ' ife of tne presi
dent of the University of .Alabama.
Funeral services will be held Tues
day afternoon and the body will be
taken to Richmond for interement.
OBITUARY
The funeral cf Dewitt Oliver, who
died Sunday at his home at Col
lins Springs, was held Monday from
the chapel of the Berkert-Simmons
Company. Interment was at Oak
dale.
Mary Manning, the infant child of
Mr. and Mrs. G. W. Manning, of
No. 26 Pickert street, died Monday
morning. Her twin sister is criti
cally ill. Funeral announcements
will be made later.
The funeral of Miss Sallie McClain,
No. 290 Waldo street, who died
Monday night, will be held Tues
day afternoon at 2:30 at Clifton
church, Fust Atlanta. She was 54
years old, and is survived by two
brothers, W. H. and G. W. Mc
Clain. and a sister, Mrs. J. W
Green. Interment at Clifton church
yard.
The funeral cf F. M. Brooks, who died
Monday morning, will he held
Tuesday afternoon at 2:30 from the
residence, No. 37 Castlebury street.
Interment at Atlanta Park.
After a tight on the cut in the
pension appropriation the Georgia
Senate Tuesday morning concurred
in the complete report by the Senate
Appropriations Commltte slashing
the House general appropriations bill
approximately $280,000. The vote
was 36 to 3.
The hill passed by the Senate makes
current disbursements balance ex
actly with current revenues and is in
line with the recommendations of
Governor Slaton. The bill will be
referred back to the House for ap
proval.
The fight on the pension cut was
spicy at times, hut the committee
amendments went through by a vote
of 29 to 10.
Senator McNeill, of the Twenty-
second. in supporting the cut, charged
Senator Tarver, of the Forty-third,
who opposed it, with inconsistency
and intimated that Tarver was play
ing politics.
He made a vigorous defense of the
cut on the ground that whereas the
State to-day is paying more than
$1,000,000 dollars for the support of
the old soldiers, in 1876, just a few
years after the war, she paid only
$75,000.
Bogus Claims Charged.
Senator McNeill charged further
that the increase was the result of
“bogus claims" tiled and approved by
the Pension Department under the
present inadequate law.
Senator McGregor, of the Nine
teenth, a commissioned of the Old
Soldiers’ Home, declared he agreed
with Senator McNeill because he
knew that every Confederate soldier
was ready and willing to help the
State out of its financial difficulties
to the extent of having his own al
lowance cut. The cut as adopted to
tals $74,900.
Senator Oliff, of the Fourth, also
made an unsuccessful fight on the
committee’s recommendation for a
cattle tick eradication fund of $15,000.
and on the hog cholera serum fund of
$5,000. The children of the State who
attend the common schools, the Sen
ator declared, should be provided for
before the cattle.
The Sheppard substitute taxing
bill passed by the House reached the
Senate Thursday morning, where it
was read and referred to the Com
mittee on Finance, headed by Senator
Miller, with the provision for the
printing of 100 copies of the bill.
Watts Bill Recommended.
The Committee on Constitutional
Amendments Tuesday recommended
the passage of Senator Watts’ bill
providing for the abolition by local
option of the office of County Treas
urer. According to Senator Harrell,
chairman of the committee, the aboli
tion of these offices throughout Geor
gia would mean an annual saving of
approximately $110,000.
Among the new bills introduced
Tuesday was one of Senator Sweat
providing for the adoption of the
"Torrens Land Title System” by the
counties <*f the Stats Another bill
offered by Senator Kelley, of the
Eighteenth, makes all free rural
routes public highways •
Senator Irwinfl of tne Thirty-first,
offered a resolution providing for the
appointment, of a special commission
to investigate the prevailing method
of court procedure with the view of
revising the judicial system of Geor
gia.
The Senate adjourned at 1 o’clock
until 3 o’clock Tuesday afternoon.
Dr. G. C. Ed war*., a house physician
at the eWsley Memorial Hospital, I
died Tuesday morninr after a brief
Illness. He was 28 vears old, and |
came to Atlanta from Crystal River,
Fla. He is survived by his father,
\V. B. Edwards, and two brotYurs,
H. K. and M. P. Edwards, all of
Crystal River. The body will he
sent to Crystal River fur funeral
and interment.
for the robber\
M. Nichlaus
search in this
baa secured infc
tal authorities f
In charge of the
country, declares he
rmation from the pos-
wing that the neck-
,! Warrants Issued for
Plumbers on Strike
iace was stolen either from an Eng
lish Channel mailboat or in England.
Mrs. Marshall One
Of Capital's ’Fans'
WASHINGTON. Aug 6. — Mrs
Thomas R. Marshall, wife of the Vice
President, is one of the most inde
fatigable baseball fans in official
Washington. She attends every game
played here. She kno
players by sight, and
voice to the general shout
Nationals score a run.
Yv hen the team is out o:
Marshall frequently may be seen in
her automobile before some score-
board watching tlie returns with in
terest.
COLUMBUS, Aug. 5. Columbus is
in the midst of a plumbers' strike.
Proprietors of two plumbing estab
lishments have sworn out warrants
for the arrest of four strikers, it
being alleged that they intimidated
strike-breakers and in some instances
forced them to leave town.
The strikers demanded an increase
of 50 t ents per day. Only one of the
nine shops in the city complied with
their demands, and the men in every
other shop walked out.
Given 20 Years for
Attacking White Girl
DUBLIN, Aug. 5. Ralph McGru-
der, a negro, arrested for attempted
assault upon a white girl near Orian-
na, several months ago. pleaded guil
ty in Superior Court here ajid was
sentenced to twenty years in the pen
itentiary by Judge K. J. Hawkins.
McGruder entered the home of a
white farmer at night, and when dis
covered was attempting to choke one
of his daughters.
Erring Girl Prefers
Jail to Reformatory
Eoy Gets $50 Bill for
Returning $1,500 Pin
f town. Mrs ^
Catholic Order Is Exhorted
Bishop to Join Church, Not
Socialists, in Fight.
by
Miss Annie Lester, who told Re
corder Pro Tern Preston that she
drank a quart of whisky to drown
her troubles, declared to Judge Pres
ton Tuesday that she preferred to go
to the chaingang rather than to a
reform Institution.
Judge Preston had decided to piace
her In a reform home. When she
balked at this plan, he ordered her
taken back to Jail in the hope thajt
she might change her mind.
Famous Canal Zone
Prison Demolished
SALISBURY BEACH. MASS.. Aug.
5.— Mrs. I. N. Morris, wife of the Chi
cago millionaire packer, to-day sent
a crisp $50 bill from her magnificent
summer home to 11-year-old l^eslie
Plumley, the I^awrence (Mass.) boy
j who picked up her $1,500 brooch pin
and turned it over to a hotel man
j and then disappeared.
WASHINGTON, Aug 5.—Advices It was supposed the pin was stolen
from Ancon, Canal Zone. rec« iv by jewel robbers when Mrs. Morris
here to-dav, report the demolition of ' a,ne " v *‘ r to * h< “ bearh in her motor
Perjury Charged to
Merchant of Doerun
BOSTON, Aug. 5.—Bishop Joseph
J. Anderson, in addressing the thirty-
first annual supreme convention of
the Knights of Columbus here to-day,
said in part:
“It is well for us to learn from the
experiences of Europe the dangers
that threaten us here. We see how
the enemies of religion fully realize
the power of organization, and, profit
ing by the apathy and indifference of
Catholics, have managed to gain con
trol in Europe of the reins of govern
ment and the public press, with the
result that they haye been able to
enact unjust laws and shape public
opinion against her. The people
have remained—through lack of or
ganization and through long inac
tivity and indifference to their condi
tion-hopeless and helpless.
Takes Up Social Question.
“There is one great problem that
perplexes the world to-day, in which
the church is deeply Interested be
cause it affects not only the welfare
of her own members, but the general
vcelfare of society. It is the social
question.
“The desire and effort of men to
improve their social conditions, so
long ignored and abused by the pow
erful and rich in every land, have so
fired men with frenzied passion that
they have been captivated with the
program and principles of reform
presented to them by Socialism and
by the methods of physical force of
fered by anarchy.
“The material benefits to be de
rived from these efforts of reform
have caused them not only to ignore
religion, but to consider it a hin
drance to success. This hatred and
contempt for the church and -Christ
has been due to the principles taught
the struggling masses by such the
ories as the descent of man from the
ape and the materialistic conception
of history. This pagan view of life
holds sway in men’s minds.
Urges Knights to Co-operato.
“Fortunately there is an awaken
ing in this country to this danger
that threatens the welfare and se
curity of society and there is an ear
nest desire on the part of all right-
minded and public-spirited men to
seek the solution of these social
problems.
“What, then, is your duty as Cath
olic Knights in this great problem?
It is to take your place in answer to
the appeal of the Holy Father and in
response to President Wilsons ap
peal to co-operate for a solution of
these evils.”
The thirty-first annual convention
of the Knights of Columbus was for
mally called to order on the deck of
the harbor steamer Ross Standish to
day as that vessel, with several thous
and knights aboard, was bearing the
delegates and supreme officers across
the harbor in the sunlight toward
Nantasket, where the knights will
spend the afternoon and evening.
Mayor John F. Fitzgerald delivered
the address of welcome and the re
sponse was made by Supreme Knight
James A. Flaherty, of Philadelphia.
Mat tom's mass was sung for the
first time in the United States by an
all-male choir.
Catholic Order of
Foresters Convene.
LOUISVILLE, KY„ Aug. 5—The
twenty-first convention of the Catho
lic Order of Foresters began here to
day. All the international officers
came to Louisville from Chicago, In
cluding the members of the high court
us follows: Thomas H. Cannon, high
chief ranger: Simeon Viger, vlee chief
ranger; Thomas F. McDonald, high
secretary; Gustave Keller, high treas
urer; l)r. J. P. Smyth, high medical
examiner. Toronto Is leading in the
race for the next convention.
Requisition Is Asked
For Julian Zachry
Requisition papers for Julian Zach
ry, of Harlem. Ga., who is charged
with being a fugitive from Justice by
Governor Blease of South Carolina,
were received at the Governor’* of
fice Tuesday morning.
Governor Slaton has promised to
the accused a “fair and complete
hearing” before honoring the requi
sition.
The charge against Zachry grew out
of the separation of Zachry from his
wife, who is now in Columbia, S. C.,
and subsequently the habeas corpus
proceedings in which their child was
awarded to Zachry.
Accused Official on
Stand in Own Behalf
Aug .
. ,|n
60 11
60
11
53
11
57
11
68
59
Sept. .
..
11
•>■>
Oct. .
. . ii
10 11
ii
ii
06
ii
06
11
10
11
Nov
11
03
os;
Dec. .
..in
or.
06 |
Jan. .
. Mo
9710
98
10
89
10
95
10
97
98
Feb .
. . 10
99 10
99
10
99
10
99
10
99
01
Mch. .
. - ii
04 11
05
10
98
11
04
11
04
05 !
May .
. .In
03,11
04
11
01
11
04
11
tr*
»08
E
E!
Spot Houses and Shorts Bought
Freely—Weather Moderately
Bullish—Business Light.
Belief That Damage to Crops Has
Been Exaggerated Promotes
Aggressive Buying.
NEW YORK, Aug. 5.—Following a
steady opening to-day the cotton mar
ket turned easy under active selling for
Southern account, based on weakness
in Liverpool cables and favorable
weather reports overnight, with indica
tions pointing for more. First prices
were unchanged to 2 points lower than
Monday’s final. Later prices eased off
sharply. There was an absence of spec
ulative demand and the demand from
spinners was also very light.
English operators are again discuss
ing the Clarke amendment. A conserva
tive interest writes: "It seems absurd
to think that the Clarke bill could be
come a law. If It should, it would be a
strong bear card, probably the very i
thing the South believes it will not be
We doubt If sales ahead are anything
like what they have been the past two
or three days. We also hope that China
gets settled soon, as the disturbances
there have caused orders to be with
drawn."
Scattered short covering developed tn
the forenoon, which seemed to come
•hiefly from recent sellers Spot houses
were also active buyers, but those in
clined to the buying side find ready
sales on any hard spots and sentiment
against the market. Prices, how
ever. rallied a few points from the in
itial low point. The buying movement
was probably based on a Texas wire
which stated that unless Texas gets
general soaking rains It will not help
e bear any. Plant smallest ever
known and shedding badly.
Following are IT a. in. bids in New
York August, 11.50; October. 11.03; De
cember, 10 89; January. 10.91. March,
10.99.
Following are 10 a. m. bids In New
Orleans: August, 11 40. October. 11.10;
December. 11.07; January. 1109. March,
111 8
Estimated cotton receipts:
Wednesday. 1912
New Orleans 125 to 175 316
NEW YORK COTTON.
Cotton quotations:
1 11:M | Prev.
I
!Open High Low|P.M.| Close.
By CHARLES W. STORM.
NEW YORK, Aug. 5.—Crop reports
and weather report* from the "corn
belt” brought a continuation of strength
to the stock market at the opening to
day. St. Paul showed the best gain,
advancing IV
Among the other gains were Amalga
mated Copper. V Utah Copper. % , Steel
common V preferred, % . Union Pacific,
%: Southern Pacific. %. Rock Island, V.
Reading. V Northern Pacific, Mis
9ourl Pacific. V*, Lehigh \ alley, %;
Great Northern preferred. % . Erie. V
first preferred. %, Bethlehem Steel. %
After half an hour some profit taking
developed, but it was overbalanced by
buying
The curb was steady Americans in
London were firm Canadian Pacific
was irregular
Although the early show of strength
es^ed oft slightly in the late forenoon,
the general list held firm and a num
ber of the leading railroads and indus
trials made fractional advances over
the initial gain National Lead was
prominent in the second hour, moving
up % to 49. while fractional gains were
recorded in Steel common. Northern
Pacific and Great Northern preferred.
Canadian Pacific was an exception,
however, being freely offered and de
clining a point to 815**
Call money is loaning at 2%
Low-
70 S
P m
1:80
P M
31%
93
43%
2344
31%
66
LIVERPOOL COTTON MARKET.
LIVERPOOL, Aug. 5.—Due 10 to 12%
points lower, this market opened easy
at a net decline of 10 to 11 points from
last FViday’s final quotations. At 12:16
p. m., the market was barely steady, 11
to 11 ^ points net lower. Later the
market declined Va to 1 point from 12:15
p. m.
Spot cotton in moderate demand at 11
C oints decline: middling 6.45d; sales 8.000
ales, including 7.000 American: imports
5,000, of which 2.000 were American.
Futures opened easier.
At the close the market was quiet
with prices at a net decline of 13% to
16 points from the closing quotations of
last Friday.
Oi
Aug. . . .
Aug.-Sept . .
Sept.-Oct. . .
Oct.-Nov. . .
Nov.-Dec. . .
Dec.-Jan. . .
Jan.-Feb. . .
Feb.-Mch . .
Mch.-Apr. . .
Apr -May . .
May-June . .
June-July . .
Closed quiet.
>pen!ng
Range.
.6.21
.6.12
. 6.03%
.6.00
.5.94
.5.94%
.5.95
.5.95
.5.98
.5.98
.6.00%
.6.00
2P.M.
6.19%
6.10
6.01%
5.97
5.91
5.91%
5.93
6.94
5.95
5.98
5.98%
Close.
6.16%
6.07%
6.00
5.95%
5.90%
5.90%
5.91 %
5.93
5.94%
6.95%
5.97
5.97
Prev.
Close.
6.32
6.23%
6.14
6.10
6.04%
6.04%
6.05 %
6.07
6.08 ‘
6.09
6.10%
6.10 %
HAYWARD A CLARK’S
DAILY COTTON LETTER
NEW ORLEANS, Aug. 5.—The weath
er map show's no rain overnight, except
light, shovpers in western Oklahoma and
San Antonio, Texas. Generally fair over
the entire belt, except some cloudiness
in south Texas and Florida. Tempera
tures normal, except over north central
belt, where they are somewhat above.
Indications are for partly cloudy gener
ally, with probably some showers in the
Gulf districts and south Texas, result
ing from a disturbance forming In the
Gulf.
Liverpool came in about 3 points
lower than due, being 13 joints down on
futures and 11 points lower on spots,
with sales of 8,000 bales.
Our market declined in the early trad
ing to 11.09 for October, but met with
a strong demand on the road to 11c,
which held prices to 11.07 ^or Decem
ber. The opinion that 11 cents will be
the point of resistance from which re
actions are to be expected seems wide
spread and acted on to a considerable
extent.
NEW ORLEANS COTTON.
Cotton quotations:
! ! I 1:30 | Prev.
Open High Low P.M.i Close.
Aug.
Sept,
Clot.
Nov.
Dec.
Jan.
Feb.
Mch.
May
ii. 44:11.44
11.44
11.44
ii.46jii.i6
11.08
11.151
1
; !
11.12 11.13
ll.13jll.13
u'.iiiiln
11.05
11.08
ii'.ii
11.11
11.13
ii!i9
11.13-15
U. 20-28
11.31-35
CONDITIONS.
WASHINGTON, Aug. 5—The weather
will be generally fair to-night and Wed
nesday In the Atlantic and East Gulf
States and the Ohio Valley. Local
showers probably wtll occur tvithln the
next 36 hours in the Lake region.
Temperatures will rise slowly to
night and Wednesday in the Lake
Region and the Ohio Valley. The
weather will be moderately cool to
night in the North and Middle Atlantic
States, followed by reasonable temper
atures’ ih these regions Wednesday.
the famous Culebra Gut penitentiary
This structure, originally erected for
a laundry, was impressed as a prison
but in October. 3 911, was abandoned
because it was feared the Culebra
elide would break back to its wall and
undermine the building.
The Gamboa dike is to be dyna-
October 10 to permit the en-
of water into the Culebra Cut.
ur Saturday afternoon.
GETS $1,000 DAMAGES.
DUBLIN — \V. O. Ogburn in th«
Superior Court here was awarded
$1,000 damages caused by the burning
of l > blacksmith shop from defec
tive electric light wiring installed by
the city of Dublin,
MOULTRIE. Aug 5. Frank L. Short,
a prominent merchant of Doerun, in
dicted on a charge of perjury by the
Colquitt County Grand Jury, has been
arrested and released under $1,500
bond by Judge Thomas.
The indictment was precipitated by
the alleged false swearing of Short
in an important civil case in which
he was plaintiff. He will be tried
here this week.
BRANDON, MISS., Aug. 5.—The
trial of T. H. Turley, formerly stew -
ard of the Mississippi Insane Hospital
and now under indictment for embez
zlement, reached its most exciting
and dramatic stage to-day when Tur
ley went on the stand in hi* own be
half.
Turley admitted drawing all of the
checks upon which he has been in
dicted, and gave an explanation of
why he paid the money to E. W.
Weathersby instead of to the parties
to whom It was alleged to have been
due.
FORMER ATLANTAN DEAD.
MACON.—Akher Avers Harriot one
of Macon’s best known young men.
for several years a resident of At
lanta. died suddenly at a hospital last
night after an illness of 36 hours. He
was a son of E. B. Harris, a promi
nent merchant-
GENERAL FORECAST.
General forecast till 7 p. m. Wednes
day :
Georgia—Generally fair to-night and
Wednesday.
Virginia Fair to-night, slightly cool
er in southeast portion.
North and South Carolina—Generally
fair to-night and Wednesday.
Florida Fair in south, showers in
north portion or Wednesday.
Alabama and Missisippi—Fair to
night; Wednesday probably fair.
Tennessee—Fair to-night and Wed
nesday.
Louisiana and Texas -Fair to-night
an<j Wednesday.
88
216%
24%
56 %
32
131%
33%
93
43
23%
31%
65%
119%
128%
36
96%
120%
96%
35
88
215%
23%
55%
31%
131%
10%
20
71%
28
33%
93
48%
23%
31%
65%
110%
128%
36
120%
96%
35%
NEW YORK STOCK MARKET.
Stock quotations at 1:30
STOCKS— High
Amal. Copper. 71%
Am Beet Sug.
American Can
do. pref. ..
Am. Cot. Oil..
American Ice.
Am. Locomo
Am. Smelting
Am. Sug. Ref. 110%
Am. T.-T. .. 128%
Anaconda .... 36
Atchison 97
A. C. L. 120%
B. and 0 96%
Beth. Steel.. 35%
B R. T
Can. Pacific..
Cen. Leather.
C. and O
Colo. F. and I.
Consol. Gas..
Corn Products 10%
Den. and R. G. 20
Erie 29%
do, pref . . 46%
Gen. Electric.. 140%
Q. North, pfd. 126%
36
107
15%
58%
27%
23%
57%
151%
134%
33%
130
49%
105%
The Chicago Inter Ocean says: "From
the wav the wheat was supplied on the
bulge yesterday by a number of the
big houses, it created the impression
that Lichstern had sold all the trade
would take on the bulge. With a con
tinuation of the advance In coarse
grains, wheat traders are looking for a
nervous market.
“Corn traders regarded the market as
badly strained last night, and many said
prices were high enough, as they dis
count a lot of damage, having advanced
12o since July 14, December and May
selling at record figures for this sea
son. Conservative commission houses
are advocating caution in buying on
upturns.”
Contract stocks in public elevators
In Chicago are as follows:
This Last Last
Week. Week. Year.
Wheat 1,924.000 1.458.000 3,735,000
Corn 1.032,000 1,289,000 440.000
Oats 2,591,000 2.702,000 47,000
Com prices rumbled through heavy
realizing yesterday, when cooler weath
er was reported, and those who en
joyed the feast pulled down some mighty
fancy profits.
Oklahoma State report: August corn
condition 41, due to drouth; July 83; last
August 73; October 67. The July Gov
ernment report of 87 indicated 50,000,000
bushels more than last year.”
Modern Miller reports: “Weather con
ditions, as far as winter wheat is con
cerned, were again favorable Thrash
ing reports state that yield continues to
run above earlier expectations.”
Finley Darrell & Co. received the fol
lowing cable:
“It is reported in the north of Ar
gentina the crop is very forward; weath
er very hot, and rain badly needed; too
much rain in the South."
G. North. Ore.
Ill. Central....
Interboro ....
do, pref. ..
K. C. S.. . .
M. . K. and T.
do. pfd.. . .
L. Valley. . .
L. and N. . .
Mo. Pacific . .
Northwest.. .
Nat. Lead . .
N. and W. . .
No. Pacific . . 109%
113
114%
160%
24%
17%
29
92%
25
PennH. . .
P. Gas Co..
Reading . .
R. I. and Steel
Rock Island .
do. pfd. . .
So. Pacific. .
So. Railway .
St. Paul. . . . 106%
Tenn. Copper. 31%
Union Pacific 150%
U. S. Steel . . 61%
do. pfd.. . . 107%
Utah Copper. 49%
V. -C. Chem. . 26
Wabash . .
W. Union .
W. Electric
3
65%
63%
**V4,
46%
140%
126
35%
106%
15%
58%
27%
23%
57%
150%
134%
32%
130
48%
105%
109%
112%
114%
159%
23%
17%
29
92%
24%
106%
31
149%
60%
107%
49%
25%
3
65%
63%
215%
24%
55%
21 %
131%
10%
20
29%
46%
140%
126%
36
107
15%
58%
27%
23%
67%
151%
134%
32%
130
48%
105%
10974
113
114%
i.60%
23%
17%
29
92%
24%
106%
31
150%
60%
107%
49%
26%
3
65%
63%
Prev.
Close.
70% |
26%
32%
92%
42%
22%
30%
64%
109
128%
35%
96%
119%
95%
34%
87%
217%
23%
55%
31%
131%
10
18%
29%
46%
140
3.25%
35%
106%
15%
53%
27
23%
57%
150%
134%
32%
128
48%
105%
109
113%
114
159%
24%
17%
28%
917 s
24%
106
30%
149%
69%
306%
49%
25 Vi
2%
64
63
J G. Steer.er & Co., of Chicago, says:
"There has been so much liquidation on
both sides of provisions that the trade
has settled down to a small dull affair.
From now on bulls will not have the
assistance of shorts to help advance
prices Present cash demand is not
large, but stocks are not excessive, or
likely to be."
PROSPECT BRIGHT
F
Committee on Proposed Exhibit to
Decide Tuesday—Interests
Ready to Contribute.
1 p. m. sales, 214,000 shares.
STOCK GOSSIP
Four members of the arbitration board
to settle the demands of trainmen and
conductors of the Eastern roads will
meet to-day to select the other two
members.
Stock exchange rules Union Pacific
stock will not sell ex-dlvidend rights
until further notice, although the com
pany’s books close August 7 for sub
scription to certificates of interest in
Southern Pacific stock.
Secretary McAdoo Invites presidents
of clearing house associations of fifty-
nine cities to meet him in Washington
to confer on distribution of $uu,00v,0w
crop loan.
Secretary’ McAdoo urges that the cur
rency bill provide for fewer United
States reserve banks and smaller re
serve for city and country banks.
President Roberts, of the United
States Express Company, says Inter
state Commerce Commission express
rate cut is prohibitive and can not be
complied with without disaster.
American stocks in London steady.
Twenty active rails advanced 5.3.
Twelve industrials advanced .49.
American Iron and Steel news has
made a very favorable Impression in
Berlin and other foreign markets.
It looks as if any activity in the
abi
PORT RECEIPTS.
The following table shows receipts at
the ports to-day compared with the
same day last year:
1913
1912
SHORT ON DIVORCE CASES.
COLUMBUS.—Only eleven divorce
cases will be passed upon at the
present term of the Superior Court of
Muscogee County. This i* the small
est number that the court has been
called upon to settle in several years.
New Orleans.
Galveston.
Mobile. . . .
Savannah.
Charleston. .
Wilmington .
N orfolk. . . ,
Total. . .
753
1,327
1,082
83
322
8
*00
2.088
INTERIOR MOVEMENT.
Houston.
Augusta.
Merrph 4 s.
St. Louis
Cincinnati.
T lttie Rock
Total. . T
246
195
44
662
13
1.469
1,935
stocks would bring about higher prices.
Believe In keeping long of the leaders
like Union Pacific, Copper and Steel.
The market seems to be creeping up
ward and the public will not realize
ti.at an advance Is under way until se
curities have had a substantial advance.
Copper issues are in a strong position.
lYcspects of a strike in Michigan cop
per mines being prolonged, it seems.
This will reduce production and prob
ably increase the price of the metal.—
G. D. Potter
The New’ York Financial Bureau
says: ’Information channel* favor the
• C ase of standard securities on re
cessions. Some continuation of the im
proving tendencies in the general list
may be seen to-day. The change In sen
timent for the better has had one im
portant market effect In that during
the reactionary movements stocks have
not been for sale in quantity, and the
present impression is that the market
Is again sold out. We would look for
good buying opportunities with the in
tention to secure fair profits.
Big people like First National Bank,
Morgan & Company’s representatives,
are nig buyers of stock and are active
on the constructive side of prices.
There will be a meeting of the cot
ton products committee of the At
lanta Manufacturers’ Exposition As
sociation in the Chamber of Com
merce at 4 o’clock this afternoon, for
the purpose of reaching a definite
decision as to a complete and perma
nent cotton exhibit to occupy an en
tire floor of the new Chamber of
Commerce Building.
This meeting wPl be attended by
representatives of the cotton seed oil.
cotton spinning and fertilizer indus
tries. each of which will contribute
Its nroportionate share to the ex
pense of installing and maintaining
this exhibit.
Reports from the subcommittee, of
which W. M. Hutchinson is chair
man. indicate that prospects are
bright for the success of the move
ment. All the interests Involved have
signified a willingness to assist in the
plan, and express the belief that there
can be no more important feature of
the manufacturers’ exhibit than a dis
play of this kind, which never before
has been undertaken anywhere.
The cotton oil interests have al
ready agreed to do their full share In
making up the necessary fund, and it
is believed that the other interests
will do the same.
Plans to Secure Cron
X
Fund for Savannah
SAVANNAH, Aug. 5.—A meeting of
the Savannah Clearing Association was
held this morning for the purpose of
discussing plans for securing some of
the crop-moving fund, which is to be
made available by the national Gov
ernment. The meeting was called upon
receipt of a telegram from Assistant
Secretary of the Treasury John Skelton
Williams, asking that a representative
be sent to Washington for a conference
Thursday.
Simultaneously Congressman Charles
G. Edwards. In a telegram to Secretary
McAdoo, of the Treasury, urged the
need of p’acing in the Sea Island cotton
belt a good portion of the fund.
WEEKLY WEATHER REPORT.
SEND GRAIN OFF,
The Selling Indicated Desire of
Longs to Secure Profits.
Cables Weak.
ST. LOUIS CASH QUOTATIONS.
Wheat—No 2 red 85%@87%
Corn—No. 2 71%
Oats—No. 2 41
Grain quotations:
High. Low.
WHEAT-
87%
91%
96%
70%
67%
69
42%
44%
Sept
Dec...
Mty..
CORN—
Sept....
Dec
May....
OATS—
Sept....
Dec
May
PORK—
Sept.... 20.70
Jan 20.15
LARD—
Sept. ... 11.45
Oct 11.55
Jan 10.75
RIBS—
Sept. ... 11.32%
Oct.... 11.25
Jan 10.17%
85%
89%
95
86%
90% 91%
95 % 96%
IIS
68%
65%
67%
41
43%
41%
44
47
42%
44%
47%
20.35
20.02%
20.50
20.15
20.3
18.9'
11.32%
11.42%
10.65
11.17%
11.12%
10.10
WASHINGTON, Aug. 5.—Mean tem
ps aTK,\
peratures ranged 1 to 5 degree
normal, except in Southwestern Georgia,
extreme Western Florida. Southeastern
Alabama, Northwestern Louisiana and
the lower coast region of Texas, where
there was a slight deficiency. Weekly
mean temperatures ranged 76 to 82 over
the eastern, 80 to 82 over the central
and 82 to 86 over the western belt.
The lowest weekly mean temperature,
76, occurred at Asheville, N. C., and
the highest. 86, at Fort Worth, Tex.
Precipitation occurred generally over
the cotton region, except that there was
no rain over the greater portion, of Ok
lahoma. the central and western por
tions of Northern Texas and the great
er portion of the Texas Coast region.
The precipitation was unevenly distrib
uted, and more than 2 inches occurred
in some parts of the cotton-growing
States, except .in Oklahoma and Arkan
sas. Greatest weekly precipitation. 5.40
inches, occurred at Kosciusko. Miss.,
and there was 5 inches at Greensboro.
N. C.
4 white, new, 39 0 41; old, 400)41; stand
ard, new, 41%@42%; old. 42042%.
LIVERPOOL GRAIN MARKET.
BRADSTREET’S VISIBLE SUPPLY.
LOWRY NATIONAL BANK
Capital $1,009,000
Surplus $1,000,000
Safe Deposit Boxes
4. >
CHICAGO, Aug. 5.—Although no rains
were reported in the corn belt where
needed, liberal selling of this cereal was
indulged in by longs after the first few
minutes of to-day’s session and prices
showed sharp reactions frqjn • the ad
vances recorded at the start. The sell
ing indulged in was largely in the way
of securing profits, but some corn was
sold in the belief that the long drawn-
out drouth Is to be broken, which will
cause sharp losses in corn values.
While the wheat market showed some
steadiness early losses of % to %c were
recorded, the weakness in the corn mar
ket serving to a large extent In bring
ing out the recessions in wheat. Liver
pool reported the weakness in America
as being offset by unfavorable harvest
weather, and the delayed movement
throughout Europe.
The European visible supply decreased
2,488.000 bushels last week, against a
decrease of 3,700.000 bushels for a cor
responding time last year. The foreign
crop summary for the week is generally
favorable. Northwestern receipts were
again light, but slightly in excess of last
year. Receipts at Winnipeg were also
light.
Oats displayed more strength than did
e other cereals, but there were de
clines of % to %c in this market. The
ight losses were caused by the weak
ness Tn the cotton market.
Pork sold slightly lower, but the bal
ance of the provision list was stronger.
Previous
Close. Close.
65% 69%
69% 66%
67% 68%
11.42% 11.82%
11.52% 11.40
10.72% 11.65
11.25 11.15
11.20 11.17%
11.17% 10.05
white, new, 41%042%; old. 42@42%{
No. 3, new, 40% 0 41%; old, 40%042; No,
CHICAGO CASH QUOTATIONS.
CHICAGO, Aug. 5.—Wheat, No. 2 red,
86% @87%; No. 3 red, 85086%; No. 3
hard winter. 86%@87%; No. 3 hard win
ter. 85@86%; No. 1 northern spring, 91%
93; No. 2 northern spring, 90091%;
No. 3 spring, 88090.
Corn, No. 2, (»9%07O; No. 2 white,
70%@71; No. 2 yellow. 69%@70; No. 3,
>%@69%; Nq. 8 white, 70%@70%; No.
3 yellow. 69%@69%; No. 4, 68%@89: No.
4 white, 69% @70%; No. 4 yellow, 68*4 @
69%.
Oats, No. 2, new, 40%@41%; No. 3
LIVE STOCK MARKET.
CHICAGO, Aug. 6.—Hogs: Receipts,
1,000. Market 6c lower; mixed and
butchers, 8.0009.10; good heavy, 8.65(a)
9.00; rough heavy, 7.9508.50; light. 8.80
9.20; pigs. 6.4008.25; bu ! k. 8.3008.80.
Cattle: Receipts. 3.000. Market
steady; beeves, 7.10 0 9.00; cows and
heifers, 3.0008.00; Stockers and feeders,
'•t 7.65; Texans, 6.75@8.15; ’ calves,
8.00010.50.
Sheep: Receipts, 18.000. Market lOo
lower; native and Western, 3.0004.75;
lambs, 4.7507.25.
ST. LOUIS, Aug, 5.—Cattle—Receipts
8,500. including 2,000 Southerns. Mar
ket steady. Native beef steers. $5,500)
9.09; cows and heifers, $4.7508.50; Stock
ers and feeders, $5.2507.50; calves, $6.00
@10.00; Texas steers, $6.2507.75; cows
and heifers, $4.2506.60; calves, $5,000
6.09.
Hogs—Receipts 10,000; 5c to 10c lower.
Mixed, $8.9009.00; good, 8.85 0 9.00;
rough, $8.1008.75; lights, $9.0009.15;
pigs. $7.00 0 9.00; bulk. $8.9009.10.
Sheep—Receipts 5.000. Lambs. 25q
higher. Sheep steady. Muttons, $3,250)
4.25; yearlings, $4.7506.00; lambs, $5,750
7.00.
t t i
> ■»
LIVERPOOL, Aug. 5.—Wheat opened
%d to %d higher; at 130 p. m., the
market was unchanged to %d lower.
Closed %d to %d lower, compared with.
Friday's close.
Corn opened %d higher; at 1:30 p. m.
the market was higher. Closed %d
higher, compared with Friday’s close.
Following shows the Bradstreet’s
weekly visible supply changes in grain:
Wheat, increased 149,000 bushels.
Corn, decreased 1.041.000 bushels.
Oats, decreased 1,024,090 bushels.
SEASHORE
EXCURSION
AUGUST 7.
Jacksonville, Brunswick,
St. Simon, Cumberland, At
lantic Beach, $6.00—Limit
ed 6 days. Tampa, Fla., $8
—Limited 8 days.
TWO SPECIAL TRAINS,
10 p. m. solid Pullman train,
10:15 p. m. Coach train.
Make Reservations Now.
SOUTHERN RAILWAY.
Savings Bspartenl
MINING STOCKS.
BOSTON, Aug. 6.—Opening: Copper
Range. 38%; Calumet and Arizona. 64;
Calumet I led a, 401 j New Haves. 100 Vs.
THE SCENIC WAY' H
WITH DINING CARS