Atlanta Georgian. (Atlanta, Ga.) 1912-1939, August 12, 1913, Image 12
12
TTTF, ATLANTA HEOROIAN AND NEWS
House Passes Bill Leaving Power
to Award Custody in Divorce
Cases to the Judge.
A hill giving the mother an equal
right with the father to the custody
of minor children after decision In
divorce cases, and leaving the dispo
sition of the child with the trial Judge,
was passed by the House Tuesday
morning. The vote was 9(1 to (52. The
fight lasted more than an hour.
It was a substitute to the bill in
troduced by Smith of Fulton and
Olive of Richmond, and to the sub
stitute of the General Judiciary Com
mittee The substitute was offered by
Mr. Smith, who stated It was accept
able to the Senate and would be act-
«d upon by that body at this session.
The original bill transferred the
prima facie right to the child from
the father to the mother.
Mr. Smith, explaining his bill, de
clared the measure Is designed to cor
rect an injustice under which Geor
gia mothers have been held for years.
Speeches in favor of the bill were
also made by Miller of Bibb and Olive
of Richmond.
A number of members opposed the
bill, either declaring the present law
is good enough or defining their posi
tions clearly by stating the mother Is
n«»t competent to care for her child.
Those who spoke against the bill
were Conner of Spalding. Garlington
of Richmond, Moye of Johnson. Ptc-
quet of Richmond and Slater of Bry
an.
The House concurred in the Senate
amendments to the Atlanta charted
bill, providing for a popular vote on
the charter, the referendum and J[he
reduction of the
corder.
power of the Re-
OBITUARY
John W. Adair, seventy-nine years
old, a well-known resident of Ful
ton County, died Tuesday morning
on his farm on the West Hunter
road He is survived my his wife
and one son, Rufus. Six daughters
also survive. They are Mrs. W. T.
Huff and Mrs. J. M Thompson, of
Savannah; Mrs J M. Spinks, of
Marietta; Mrs. J. T. Griffith, of Ca
tnilla: Mrs Charles Williams, of
Columbia, and Mrs. L. A. Garrison,
of Atlanta The funeral will be held
at 3 p. m. at the Sharon Church.
Interment Will be In the church
yard.
Busan E. Landers, fifty-five years old.
No. 28 Inman street, died Tuesday
at 9 o’clock. She is survived by
her husband. Funeral arrange
ments will be announced later.
The funeral services of Mrs. Julia
Heeden, who died Monday, will be
held at 3:30 o’clock Tuesday after
noon at the residence of her daugh
ter. Mrs C. H. Barnes. No. 122
Olennwood avenue. Interment at
Hollywood.
South Georgia Road
In Receiver’s Hands
VALDOSTA. Aug. 12.—The Valdos
ta, Moultrie and Western Railroad,
operating 42 miles from this city
Moultrie, has been placed in the hands
of a temporary receiver through fore
closure of a mortgage held by the
Valdosta Bank and Trust Company
trustee, acting for the bondholder. B
P. Jones, of this city, owner of the
$300,000 bonds, was appointed receiver
and the railroad cited to show cause
on August 23 why the action should
not be made permanent.
The railroad was built entirely v/itli
local capital four years ago. it was
etarted on a capital stock of $100,000.
The $300,000 of bonds were issued be
for* It \\ as complete 1.
(\ 1. Harrel, general manager, will
continue to operate the road for the
receiver.
$100,000 in Stock
For Use of Name
GADSDEN. ALA.. Aug 12.—Oliver
Hall, a rich merchant of Collinsville,
testified in the case of E. C. Drew,
the Fort Payne premoter, charged
with using the mail to defraud in
promoting the DeKalb Etowah Oil
and Gas Company, how he had been
•elected president b> Drew ami ten
dered $100,000 in stock in a $300.000
corpoiation. He said he never gave
anything for the stock, but permitted
the u‘••e of his name. His son. Irby
Hall, was made vice president and
given $300 *n stock
A sensation developed when it was
shown the company; had never been
Incorporated and th*at there was no
eystem of bookkeeping.
Attorney Shot When
Officer Aims at Dog
W. C. Munday, a member of the law
firm of Munday & Cornwell, No. 318
Kiser Building, was shot in the .eg
Monday night when a bullet fired by
Policeman Jaffa res at a mad dog
glanced from the sidewalk at Capitol
avenue and Huntei .street.
M undavs wound was alight, the
bullet penetrating the flesh only and
passing out. He was removed to his
home.
The dog had created a panic among
children playing in the street Tue
officer ran up and fired. Munday. fif
teen feet away, received the bullet.
O’Neal Will Appoint
Alabama Senator
BIRMINGHAM. Aug. 12—Governor
O’Neal returned to Montgomery this
morning and left the impression here
that he would appoint a successor
to Senator Johnson shortly, notwith
standing advice from Washington to
ca.1! a special session of the Leg is
i laLuxe, j
Question Put Squarely Up to the
House—Validity of Slaton Rev
enue Bills in Doubt.
With the Senate substitute for the
Sheppard House taxing bill back in
the House for ratification after pas
sage in the Senate in a night session
Monday, and the possibility of the
Administration taxing bills being
throw n out on constitutional ground*,
the wave of tax reform in this session
of the legislature reached its crest
Tuesday morning.
end.nj in the Senate declared
Tuesday morning that a serious doubt
exists as to the constitutionality of
presenting the three Administration
taxing bills which were defeated in
the House last week. The legal point
is said to rest upon the constitution
ality of preventing bills In one house
after they have been defeated In the
other. Should this opinion hold, the
three hills offered for the Administra
tion by Senators Miller, McNeill and
Tarver will be thrown out and the
Senate will rest on Its laurels earned
late* Monduy evening when the sub
stitute to the Sheppard bill was
passed, 29 to 12.
Senate leaders declared Tuesday
morning that it was now squarely up
to the Lower House to redeem Itself
and adopt the taxing bill as passed by
the Senate. Should the House as
sume a generous attitude in the mat
ter and ratify the Senate bill, the
Senate In turn, the leaders of this
body say, will put back the $280,000
appropriation which it sliced off of
the House general appropriation bill
last week. This enn be done, it is
claimed, without financially embar
rassing the State Treasury with such
taxing law on the statute books as
the Miller-Anderson bill passed by
the Senate.
The bill provides for a State tax
commissioner with offices in the
State Capitol and county boards of
tax assessors. According to the
claims of the authors and support
ers of the bill, It will Increase the an
nual revenue of the State by at least
$1,000,000, sufficient to pay off the
present deficit within the next three
years, as well as t he* teachers.
Passed After Hot Debate.
The bill was passed In the Senate
after nearly five hours of debate Mon
day afternoon. Senator Miller, of
the Twenty-fourth. Joint author of the
bill, made a vigorous defense of the
measure In a two and a half hour
speech. Senator DuBose, of the Thir
tieth, followed Senator Miller in a
vigorous attack on the bill. He de
clared the bill did not provide an ade
quate personal property tax.
Other Senators who apoke briefly
in opposition to the bill were Mc
Gregor. of the Nineteenth, and Olliff,
of the Fourth. Senator McNeill, In
supporting the bill, charged that the
Lipscomb bill, defeated In the House,
had been framed by the Chamber of
Commerce of Athens, the homo town
of Senator DuBose. It was for this
reason, he Intimated, that the Sena
tor from the Thirtieth opposed the
present bill.
• Upon motion of Senator Tarver, the
previous question was called and the
final vote was taken. Following the
vote, which was 29 to 12 In favor,
President Anderson for the first time
during the session congratulated the
Senate. The bill was transmitted
immediately to the House.
and
Many
noted
tOTTOII RULED
QUITE STRONG
Continued Dry Weather in South
west Causes Active Bidding,
but Sales Were Light.
NEW YORK. Aug 12.—An absence of
weather news of features In the rabies
caused the cotton market to open dull
to-day and first prices were from un
changed to 1 point off to 4 points high
er than the closing quotations of Mon
day After the call strength developed
and prices rallied 3 to 10 points from
the Initial level, due mainly to the dry
map in the Western belt. The ring ap
parently seemed to want cotton
purchased rather freely at times,
of the larger spot houses were
buyers
Cordill was out with a report on parts
of the Eastern belt, which was consid
ered very favorable. This, coupled with
a private telegram from Austin, Texas,
Htating that no hange of consequence
Is noted in conditions, while the weath
er has been hot and dry, the tempera
tures were only 1*0 degrees yesterday
and the entire State toward Oklahoma,
cotton Is opening fast and in ten days
it will be moving freely all south of
Waco. This brought out rather active
selling from Wall street, but offerings
were so ranldly absorbed that prices
during the late forenoon were firmly
maintained around the early high point
The high temperatures continue In the
West and the weekly weather report
Just posted shows a bullish condition
existing west of the Mississippi, though
the Eastern belt is favorable and scat
tered showers are shown In this section
to-day for yesterday, though there are
private reports of deterioration In Geor
gia and Alabama from the lack of mois
ture In some sections.
Sentiment to-day Is somewhat more
bullish and higher prices are predicted
for the present at least, but there 1h an
element who believe the market Is en
tlrely too high and are awaiting rain
developments In the West to sell.
At the close the market was steady,
with prices showing irregularity, being
3 points lower to 3 points higher than
the closing quotations of Monday.
Following are 11 a m. bids In New
York: August, 11.65; October. 11.11 De
cember. 11.05 March, 11.04, January.
10.84
Following are 10 a. m. bids In New
Orleans: August. 11.50; October, 1112:
December, 11 10: January, 11.11; March,
11.20
Estimated cotton receipts:
Wednesday. 1912
New Orleans 300 to 350 375
RANGE IN NEW YORK FUTURES
n n -
11.71 11.60 11.62111 61 -(52 : 11 61-63
11.27 11.31 11.27 11.29 11.21-23 11.23-25
11.03 11.13 11.01! 11.04111.03-04| 11.03-05
11.00 11.00! 10.99 10.99 1 10.95-97 10.95-97
f0.98 ! 11 08 1 10.95’ 10.98 : 10.97-98 10.97-98
10.87 10.96'10.86 10.86:10 85-86 10.86-87
j I ! 10 87-89110.88-89
10.97 11.05!10.93!l0.94ll0.93-94 10.90-97
11 01 11 09 10 99 11 00 10.99-11 11 02-03
Closed steady.
LIVERPOOL COTTON MARKET.
LIVERPOOL. Aug 12—Due % to i
point lower, this market opened steady
at a net advance of 1% to 1 point. At
12:15 p m. the market was dull at net
unchanged to % point lower.
Fair business doing in spot cotton at
unchanged quotations; middling fi.41d;
sales 8.000 bales, including 6.900 Ameri
can; imports. 3,000 bales, of which 2,000
were American.
At the close the market was very
steady with prices at a net advance of
4 to 5 points from the final quotations
of Monday.
Futures opened steady.
Opening. Prev
Range. 2 P.M. Close. Close
Aug 6.16 6 21 % 6.15%
Aug -Sept. . . .6 08% 6.12% C 08
Sept.-Oct. . . .6.00 5.96% 6.00 5.99
Oct.-Nov . . .5.95% 5.90% 5.99 5.95
Nov.-Dec. . . .5.92 6.91 5.94 5.90
.6.91 5.92% 5.94 5.90
.5.92 5.94 5.95 5.71
.5.93% 6.95% 5.96% 6.92%
.5 95% 5.95% 5 98 6.94
.6.96 5.97% 5.99
.5.96 6.00
.5.97 6.00
NEW ORLEANS. Aug 12—Hayward
& Clark: The weather map shows most
ly cloudy In Texas and North Carolina,
generally fair over rest of the belt. No
rains shown on the map. except light
shower at Galveston and Amarillo, and
raining in far west Texas, at El Paso.
Nice rains fell over south central Gulf
nd North Carolina, but little rain else
where.
• • •
M Cordill wires: “Charlotte.
Greenville, Atlanta to Montgomery an
unbroken stretch of excellent crops Is
noted. Atlantlcs show uninterrupted
Improvement since my last trip. The
weather conditions have been exception
ally favorable. Conditions were never
better at this date."
• • »
Waxahatchie. Texas, wires: “Hot
winds hurting cotton badly. We have
reports stating western Oklahoma is de
teriorating rapidly. Only showers re
ported to-day at Yoakum and Brenham”
The New Orleans Times-Democrat
says: "Expected rains did not fall in
Oklahoma and Texas and the market
was due to advance on the opening Mon
day morning But Europe reflected no
alarm. Arkansas reported splendid rains,
Washington unsettled weather over (Ok
lahoma and the weather prophets among
the trade said that Texas rains are im
minent. Under the circumstances the
market continued under the spell of
Washington legislative threat and hung
fire.
•Recently students of the crop have
devoted much time and thought to the
effect of dry weather In Texas. One fac
tion, predicating Its opinion on the gen
eral reports of Tack of moisture made by
the Weather Bureau and on the great
number of crop damage advices now
coming from the west, says the crop in
Texas and Oklahoma has deteriorated
sharply, and that those States no longer
promise a wonderful yield. Another fac
tion which has looked up the western
rainfall records of other years, is equal
ly certain that the present drouthy spell
is not only not abnormal, but Is con
fined to a very much smaller area than
the trade realizes.
"Thus It is that some traders adhere
to the belief that a very large crop is
on the way. conditions east of the Mis
sissippi River being excellent, while oth
ers are now becoming convinced another
year's need will exceed production.
Meantime new crop cotton is being ab
sorbed by previously created require
ment Just as the talent expected it
would be, but the demand for later ship
ments is small, a fact that robs the bull
de of the account of much attractive
ness."
• • *
The Journal of Commerce says the vol
ume of business passing In the cotton
goods markets Is being underestimated.
Jobbers are doing a good general trade.
Cotton yarn prices are easier. The
lower trend of prices on the cotton ex
changes has caused some setback In the
goods markets, but there are few goods
available for spot delivery. Most mills
do not care to go far fnto another cot
ton crop until they are better satisfied
of the outcome of the crop.
* * •
Dallas wires: "Texas—Generally
clear, rain at Amarillo and El Paso.
Oklahoma—Clear and hot."
• • •
The Government’s official record of
Texas gives the rainfall average for the
month of July as 1.29 inches, which Is
1.62 below normal, but .09 Inch higher
than it was last year.
• • •
Official temperature average for Okla
homa yesterday was 104 degrees; Texas,
98. with seven stations recording 100;
five 102, and one 104 degrees.
• • •
Liverpool cables: “Market easier on
hedge selling; tendency hefe to buy on
expected bullish weekly report and an
ticipation of bullish weather forecast of
Government to-day."
• • *
Manchester quotes officially to-day
yarns dull and weak.
* • •
The market steadied up on dry map
In the Western belt after the call.
Weld. Mitchell and Cone were the lead
ing buyers on the advance. Smith was
possibly the best seller, supposed to be
for Wall street.
MARKED ACTIVITY CEREALS RENEW
NOTED IN STOCKS UPWARD TREND
Street More Cheerful Over Cheap
Money Talk—Standard Rail
roads Led Advance.
Dry, Hot Weather Runs Shorts to
Cover—Corn Feature in Ac
tivity and Strength.
By CHARLES W. STORM.
NEW YORK, Auk 12.—Union Pacific
made a new high mark for the present
movement at the opening of the stock
market to-day, when It began selling at
154%, or % aboe Monday’s final
The tone was stroner and most of the
issues showed fractional gains. The ac
cumulation arose from scattered sources
and Include some shares which for
long time have been neglected.
Among the advances were Wool worth,
%; Steel common, %; United States
Rubber common, %; Union Pacific. %;
Amalgamated Copper, %; American
Can. %; Anaconda Copper. %; Bethle
hem Steel, %; Canadian Pacific. %;
Texas Company, 1 t ; Southern Pacific,
%; Reading. %; Pennsylvania Railroad.
%; Northern Pacific, % ; Norfolk and
Western, %; Erie first preferred %, and
Erie common. %.
New Haven, which closed last night at
%. crossed par, opening at 100%.
St. Paul, which sold ex-dividend,
opened at 107%, against 17)984 at the
closing last night.
The curb was firm.
Americans and Canadian Pacific In
London were strong
Toward the end of the first hour, large
buying orders appeared and nearly
everything on the list moved up to new
high records for the past six weeks.
Cains of more than a point were noted
In the leading railroads and Industrials,
while substantial fractional upturns
were recorded In many other Issues-.
Amalgamated Copper led the upward
movement, advancing 1% to 74%. Union
Pacific moved up 1% to 155%, and sim
ilar gains- were recorded In Canadian
Pacific, Reading. St. Paul, Steel com
mon. Wabash common. United States
Rubber, Utah Copper unit Tennessee
Copper advanced more than % each.
Southern Pacific wus under slight pres
sure. however, declining % to 91%.
Call money Is loaning and renewing
at 2% per cent.
Union Pacific will sell ex-rights Wed
nesday.
The tone was strong in the last hour,
and a number of Issues made substan
tial gains. United States Rubber com
mon advanced to more than 62, a net
gain of more than 1 points since the
opening Steel was strong, selling
around 65 for a gain of % since noon.
Canadian Pacific was off fractionally.
I>*high Valley and St. Paul held firm
and Texas Company was very strong,
selling at 118% for a gain or more than
2 points on the day. Brokers said there
was a good deal of investment buying
in Europe.
NEW YORK STOCK MARKET.
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red 85% @87%
Corn—No. 2 77%
Oats-—No. 2 41%@42%
CHICAGO, Aug. 12.—September corn
was up as much as l%c to-day, but it
lost % c later, yet the closing price was
about lc higher.
A report was received during the ses
sion saying that the losses throughout
the dry districts in the corn belt have
been sensational since the Government
August report made its appearance.
On this a great deal of corn was
bought and It was bought by* the larger
holders and bulls in the trade. • De
cember wlTs quite strong and closed l%c
higher, and May was up a little over lc, i
Grain Notes
The Chicago Inter-Ocean says: "Sen
timent In wheat Is inclined to be more
conservative, although a majority of
the local professionals are bearish.
There is little new In the situation and
for the time being traders are waiting
developments in the Northwest, as the
season is at hand for frost scares there.
The trade In September corn is decreas
ing and looking for bullish crop reports
within the next few days.
"A report of the development of agri
culture says the general crop conditions
on August 1 averaged for the United
States 62 per cent lower than on the
same date last year; also 4.3 per cent
lower than average condition to August
1 of recent years. Weatner conditions
about August 1 were unfavorable for
crops In general. Lowest conditions are
found in Kansas, with 31.6 per cent, Ok
lahoma 18, Kentucky 13.6, California
12.8, Illnols 12.3 and Maryland 12.2 be
low average. Highest are In Wiscon
sin with 7.6, Washington 8.3, Florida
5.2, Minnesota 4.3 above the average.*
Temperatures: Chicago, cloudy, 62:
Kansas City, clear, 84\ rained a few
drops last night: St. Louis, clear. 80;
Wichita, Kans., clear, 90; Burlington.
The big corn market was chock full of j ’ O ma h&. j-lotidy, 84, no
ovnifo/f hnmanitv oa manv **peculators : - Bloomington, cloudy, <0, rained
fr luck In
excited humanity, as many
left the other pits to try tbei
corn.
Wheat closed with gains of % to %c
and oats were up % to %c. •
Provisions were lower all around.
Grain quotation®:
WHEAT-
High. Low
Previous
Close. Close.
Sept.
Dec
May
CORN—
Sf pt
Dec
May
OATS-
Sept
Dec
May
PORK—
Sept. . . . 20.75
Jan..... 19.00
LARD—
Sept. . . . 11.22%
Oct... 11.27%
Jan 10.65
RIBS—
Sept.... 11 00
Oct 11 00
Jan 10.05
86%
90%,
95
73
67%
6S%
42%
44%
47%
Stock quotations:
STOCKS—
Amal. Copper
Am. Agricul..
Am. Beet Sug.
American Can
do, pref. ..
Am. Car Fdy.
Am.| Cot. Oil..
American Ice
Am. Locomo.
Am. Smelting
Am. Sug. Ref.
Am. T.-T. ...
High.
74%
28%
35%
94
47
44
23%
34%
90%
111%
129%
Low.
72%
28%
34%
93%
46%
44
23%
33%
89%
111%
129%
Clos. PreV.
Bid. Close.
74Z 72%
46
28
34%
93%
46%
44
22%
33%
67%
46%
27
34
93%
46%
43%
22%
33%
85%
89%
94%
71%
66
67%
41%
44
46%
20 47%
18.85
11.07%
11.17%
10.60
10.90
10.97%
10.02%
86%
89%
94%
72%
67%
69%
42
44%
47%
20.50
18.90
11.17%
11.25
10.62%
11.00
11.00
10.05
85%
89%
94%
71%
66%
08
41%
44%
46%
20.87%
19.20
11.27%
11.35
10.72%
11.02%
11.05
10.12%
yesterday, none last night.- looks like
rain now; Terre Haute, cloudy, 74 above,
no rain; Peoria, raining, 75; Springfield,
Ill., raining. 75; Minneapolis, cloudy, 66;
Bismarck, N. Dak., clear, 60; Hanklnson,
N. Dak., clear, 70; Portland, cloudy, 60;
Duluth, cloudy, 50; St. Louis, clear, 80;
Wichita, clear, 90; Burlington, Iowa,
raining: Minneapolis, cloudy, 65: Oma
ha, cloudy, 84, no rain; Terre Haute,
cloudy, 74, no rain; Peoria, Springfield,
raining, 75.
• • •
Bartlett, Frazier & Co. says: "Wheat —
Weather in the Northwest this morning
is again generally cloudy. The cash de
mand yesterday was light. Offerings
from the country are light with soft
winter wheat premiums hardening. We
do not look for much change in price*
to-day.
"Corn—The weather shows scattered
rains In Iowa Missouri and parts of Il
linois, but none In Kansas, In which lat
ter State high temperatures are again
recorded this morning. Reports general
ly continue to show enormous deteriora
tion over the major portion of the belt.
We look for a continuation of nervous
activity.
"Oats—The market seems to be gain
ing friends, as present values are con
sidered reasonable when compared with
those ruling for corn. We prefer the
long side on all weak spots.
“Provisions—Liquidation seems to
have run its course and all commodities
showed a decidedly better tone at the
close Monday with the buying by in
fluential packing interests. The Sen-
tember pork had a very sharp rally
from the low point and looks like work
ing higher."
• • •
Iowa weather and crop bulletin says:
“The drouthy conditions continued with
Increased severity until the 10th, when
copious showers occurred over the lar
ger part of the State. Corn In the
northern part of the State has held its
own .and gives promise of a good crop.
In the southern counties corn condition
has been reduced 20 to 50 per cent
since July 15, while much of the dam
age to corn Is irreparable; the rains
will greatly improve the general con
dition and prevent further injury.”
• • *
B. W. Snow has following wire from
Highland. Madison County, Ill.: "We
have had hot winds and corn has been
burning up for the last few days.”
• * *
Kansas City wires: "Corn and wheat
bulletin shows no rain in Kansas or
Oklahoma. Rain at Lexington. Mo.,- 02;
Marysville, .93; Harrisonville, .09."
Omaha corn and wheat region bul«
letin shows rain at Valentine, .02; high
est temperature 98. at Fairbury. Neb.
BALTIMORE AND
RETURN $20.95.
On sale August 22, 23, 24.
Through steel trains. SEABOARD.
CHICAGO CASH QUOTATIONS.
CHICAGO, Aug. 12—Wheat, No. 2
red, new, 86%<@87%; No. 3 red, new.
85%@ 86%; No. 2 hard Winter, new, 88
@>87; No. 3 hard winter, 85%@86%; No.
1 northern spring, new, 91; old, 91; No.
2 northern spring, 90; No. 3 spring, 88
@90.
Corn. No. 2. 72%@73%; No. 2 white,
73%@73%; No. 2 yellow, 72%@73%; No.
3. 72% @ 73; No. 3 white, 72%@73%; No.
3 yellow. 72%@73; No. 4, 71%@72%; No.
4 white, 72%®72%; No. 4 yellow. 72%
@72%.
Oats, No. 2. new. 39%@40; No. 2
white, new, 42%@43; No. 3, new, 39%;
No. 3, new. 41@41%; o’d, 41%@>42; No. 4.
new. 40@41; No. 4 white, old, 40%@41;
Standard, new, 42@42%; old, 42%@42%.
No. 9105.
REPORT OF THE CONDITION OF THE
American National Bank
at Atlanta, in the State of Georgia, at the close of business. August 9, 1913.
ST. LOUIS CASH GRAIN.
ST. LOUIS, Aug. 12.—No. 2 red wheat.
85% @87%; No. 3 red. 85%; No. 4. 83@
83%; No. 2 hard, 84%@89%; No. 3 hard,
84 @88.
Corn, No. 2. 77%: No. 3, 75%; No. 2
yellow, 77%; No. 3 yellow. 77; No. 2
white, 78%; No. 3, 77%.
Oats, No. 2. 41%@42%: No. 3. 41%;
No. 4, 40%; No. ? white, 42%; Standard,
42% @42%; No. 3 white, 41%@42%; No.
4 white. 41.
129% 129%
WEEKLY WEATHER REPORT.
Am. Woolen. .
17
FUEAT-
1 1«*13.
1912
Anaconda .. . .
37% 36%
37%
36%
Receipts ...
. .1 1,538.000
1,238.000
Atchison
97% 97%
97%
97
Shipments . . .
. J 783,000
1,499.000
A. C. L
122% 122%
122
121
CoRN—
1
B. and O. ....
97% 97
97
96%
Receipts ....
. J 513 000
348.000
Beth. Steel...
86% 36%
36%
36
Shipments . . .
. 399,000
386,000
Dec.-Jan. .
Jan.-Feb. .
Feb. -Mch.
Mch. - Apr.
April-May
May-June
June-J uly
Closed very steady.
5.95
5.96
5.96
Flies 800 Miles in
Day Without Stop
Special Cable to The Atlanta Georgian.
BREMEN, Aug 12.—Aviator Seguln,
flying for the Pommery trophy, arrived
here to-day after covering 800 miles on
a non-stop flight. The Pommery trophy
goes to the aviator making the longest
cross-country flight between sunrise and
sunset of the same day.
SNOW SAYS LOSS INBORN
CROP 300,000,000 BUSHELS
HAYWARD A CLARK’S
DAILY COTTON LETTER
NEW ORLEANS. Aug 13—Precipi
tation overnight In the west occurred
at a few isolated places only. No gen
eral rains yet, although It continues
generally cloudy over Toxbs The map
shows cloudy weather tn North Caro
lina. also generally fair In the west of
the belt, good rains In North Carolina
and in the south central Gulf states In
dleations are unchanged, and prospects
continue for unsettled weather and pre
clpitatlon to come on the western States
in the near future. Cloudy weather and
showers, with a decided fall In tempera
tures in New Mexico and Colorado prom
ise speedier rain developments for Tex
as and Oklahoma
Liverpool Is steady, hut cables that
heavy hedge selling is weighing on the
market. Manchester cables: "Weaving
worse. Yarns slack. Lower unless bad
crop prospect*." Our market opened 2
points higher and advanced steadily on
CHICAGO, Aug. 12.—B. W. Snow says:
"With the indication Saturday of the
possibility of a breaking up of the
drouth I sent a special circular of in- , 1 . fs .. v .
qulry to my country clients asking for a i small buying to cover on the absence of
report on corn condition August fl. and , ^ n ,n,l rains in the west and in ai
WASHINGTON, Aug. 12—Mean tern
peratures ranged from 1 to 8 degrees
above normal, except in Central North
Carolina, north Central South Carolina
and In the lower coast region of Texas,
where there was a slight deficiency.
The greatest excess In temperature oc
curred in Northwestern Arkansas and
Northeastern Oklahoma.
Weekly mean temperatures ranged
from 72 to 82 degrees over the eastern
belt, from 82 to 84 degrees over the cen
tral and from 82 to 88 degrees over
the western portion of the cotton re
gion. The lowest weekly mean tem
perature. 72 degrees, occurred at Ashe
ville N. C., and the highest. 88, oc
curred at Fort Worth, Texas, and Fort
Smith, Ark.
No precipitation occurred during the
week In Oklahoma and there was very
little in Texas. Rain fell generally over
the other portions of the cotton region,
except that there was none in the ex
treme northern portion of Alabama and
the southern portion of Middle Tennes
see.
The precipitation was unevenly dis
tributed and more than 2 Inches oc
curred in parts of Louisiana, the central
portion of Northern Arkansas, Southern
Florida and at one station in Alabama
and one In North Carolina The great
est weekly precipitation. 8 inches, oc
curred at Calico Rook. Ark., and there
was 5.66 Inches at Minden. I>a.
B R. T 90%
Can. Pacific.. 221%
Cen. leather. 24%
C. and O. .. . 57%
Colo. F. and I. 33%
Colo. Southern ....
Consol. Gas.. 133%
Com Products 11 %
D. and H 158%
Den. and R. G
Distil. Secur..
Erie
do, pref. .
Gen. Electric..
G. North, pfd
G. North Ore.
G. Western. .
Ill. Central...
Interboro ....
do, pref. ..
K. C. 8 . . .
M. . K. and T.
do. pfd.. . .
L^ Valley. . .
L. and N. . .
Mo. Pacific . .
N. Y. Central
have received sufficient reports to jus
tify the statement that the decline In
prospects since the Government report
and my own of August 1 was gathered
has been much heavier than is gen
erally appreciated.
"I have returns enough to indicate
that Indiana has dropped 10 points in
condition, Illinois 15 points with an av
erage around 55. Iowa 13 and Missouri
20 Returns from Kansas and Nebraska
are as yet scattered, but sufficient to put
Kansas out of the field as a corn-pro
ducer this year, and the Nebraska crop
Is of small importance, except In the
northwest counties
"My returns already cover almost one-
third of the Important corn counties,
and If the later reports are In line with
those already received, it is quite possi
ble that the loss since August may have
reached 300.000,000 bushels "
NEW YORK PRODUCE MARKET.
NEW YORK. Aug 12.- Petroleum
Arm; crude Pennsylvania 2.50.
Turpentine barely steady: 39@S9%.
Rosin irregular; common 4.00@4.2&
Wool steady; domestic fleece, 23@27;
pulled, scoured basis. 33@52; Texas.
Ecoured basis, 46(p 53.
Hides quiet native steers. 18% @19%;
branded steers, 17 % @ 18
Coffee steady; options opened 4 to 12
points higher; Rio No. 7 on spot at 9%.
Rice steady; domestic ordinary to
prime. 4@5%.
Molasses steady; New Orleans open
kettle, 35@55.
Sugar, raw stead> : centrifugal 3.73
muscovado 3 23, molasses sugar 2 98.
Sugar, refined quiet, fine granulated
4.70, cut loaf 5 50, crushed 5.40. cubes
4 95. powdered 4 SO. diamond A 4 70. con
fectioners’ A 4.56. Softs—No. 1 4 46@
4 50. (No. 2 Is 5 points lower than No.
1 and Nos 3 to 14 are each 5 points
lower than the preceding grade 1
Potatoes quiet: white nearby 50@2.37.
Southerns 1 25@2 00.
Beans quiet: marrow, choice 6 60@6.55,
P«*a. choice 3 80@3 90. red kidney choice
3 66@2.70
Dried fruits steady; apricots, choice
to fancy. 12@15; apples, evaporated
prime to farcy 8%. prunes 30s to 60«
7%@ 12. 60s to 100s 4%@ 7. peaches choice
to fancy 6% @7%. seeded raisins choic*
to fancy 5% @6%
tielpation of an unfavorable weather re
port for the week.
New York wires that Weld’s traveling
man reports 12 points deterioration in
Texas since July 25. It must be borne
in mind, however, that the crop cond-
ton n Texas was unusually hgh up to
that date.
NEW ORLEANS COTTON.
Open
£
O)
Low.
ast
Sale.
Close.
Prev.
Close.
Ag
11.57
11.57
11 45
11.46
11 46-47
11 44-47
Spt
11 09-10
11.11-12
Oc
11 09
11.15
11 06
1.07
11.06-07
11.07-08
Nv
n os
11.00
11.00
11.00
11 02-04
11,04-06
Do
11.09
11.13
11.03
11.05
11 04-06
11 06-07
Jn
11.08
11.13
11.04
11.04
11.04-05
11.06-07
Fb
11.02-04
11.03-05
Mh
11.20
11.21
11.16
11 15
11.13-15
11.16-17
My
11.20-22
11.23-25
Closed steady.
THE WEATHER.
BRITISH TROOPS SLAIN.
LONDON. Aug. 12.—Official an.
nouncerient was made at the War Of
fice that 50 British sx ldiers of a camel
re killed or wounded yester-
corps "jre k.lled or wounded yester- 5 75@5 80. lead. 4.50,
|<W ifl AflUf.S in SoAAiUaAd, Africa. Aois&c .b.
Conditions.
WASHINGTON. Aug. 12 There will
be showers within the next thirty six
hours in the I^ake regions, and the
North anti Middle Atlantic States Oc
casional showers will continue in Flor
ida. Elsewhere east of the Mississippi
the weather will he generally fair, to
night and Wednesday.
The temperatures will rise slowly »n
the northee-tern districts during to
night and Wednesday
General Forecast.
General forecast until 7 p. m. Wed
nesday :
Georgia Generally fair tonight and
Wednesday.
Virginia— Fair In west, showers In east
portion to-night or Wednesday; warmer
to night
North Carolina - Generally fair to
night and Wednesday; warmer to-night
South Carolina- Generally fair to
night and Wednesday
Alabama and Mississippi—Fair except
showers In north portion to-night ox
Wednesday.
Tennessee- Generally fair to-night
and Wednesday.
SPOT COTTON MARKET.
Atlanta, nominal; middling 11%.
Athens, steady; middling 11%
Macon, steady; middling 12%.
New Orleans, steady; middling 11%.
New York, quiet; middling 12c.
Philadelphia, quiet; middling 12c.
Boston, quiet; middling 12.30
Liverpool, easier; middling 6.41d.
Savannah, steady: middling 11%.
Augusia, steady; middling 12c.
Norfolk, steady; middling 12c
Charleston, steady; middling 12 5-16.
Galveston, quiet, middling 11%.
Mobile, steady; middling 12c.
Wilmington, quiet; middling 12c.
Little Rock, steady; middling 12c.
Baltimore, nominal; midd! g 12%.
Memphis, steady; middling 11%.
St Louis, quiet; middling 12 5-16.
Houston, steady; middling 12c.
Louisville, firm; middling 12%
Charlotte, steady; middling 12o
Greenville, steady: ipiddling 12c.
NEW YORK COFFEE MARKET.
Coffee quotations:
METALS.
NEW YORK. Aug 12.—A steady tone
was shown In all commodities at the
metal exchange to-day with the excep
tion of tin. which was weak Copper,
spot and August. 1472^(fi 15.86; Septem
ber and October. 14.95@ 15.75; spelter.
bid, tin, 41.00VJ
Januarv. . . .
February. . . .
March. . . ,
April. ....
Muv
June
July. ...
August ....
September. . .
October. . . .
November. . .
December. . . .
Closed steady.
j Opening Closing.
9.30@9 40
9 40@9 53
9.58 @9 59
9.69 @9.65
9.68@9 69
9.70@ 9.74
9.74@9.75
S.87@ 9.00
. 8 95@9 00
9.26@9.27
i
9 34@ 9.35
9 39 f$9 42
9.45@ 9.46
9 4S u • 50
9.51 @ 9.52
9 66@9.68
8.72@8.73
8 83@8 86
8.95@8.98
9 07@“ 08
Sales. 83,750 bags
COTTON SEED OIL.
NEW YORK. Aug 12—The cotton
«»eed oil market was weakened by liqui
dation in September and October and
then rallied on heavy covering of late
months.
Spot
August . . . .
September . .
October . . .
November . . ,
December . . .
January . . .
February . .
March .
Closed quiet:
1 Opening, i
8.70@9 00
J 8 53 @8.56
.! 7.46@7 50
J 6 67 @ 6.69
.1 6.59@ 6.62
. 6.56@ 6 64
. I .56@6.68
. 6 59@6 68
Closing.
8.40@ 8.75
8.45@8 50
8 40@8 50
7.51@7 55
6.70@6.71
6.59@ 6.60
6.61@6 62
6 60@6 62
6 60@ 6.6b
sales 17,100 barrels.
BAR SILVER.
NEW YORK, Aug 12 —Commercial
bar silver 59%c Mex’can dollars 47c.
LONDON, Aug 12 jpBax nilver *teady
Northwest.. .
Nat. Le^d . .
N. and W. . .
No. Pacific . .
O. and W. . .
Penna
Pacific Mall .
P. Gas Co. . .
P. Steel Car .
Reading . . .
R. I. and Steel
do. pfd.. . .
Rock Island .
do. pfd.. . .
P -Sheffield. .
So. Pacific . .
So. Railway .
do. pfd.. . .
•SI. Paul . . .
Tenn. Copper.
14
29%
47%
142%
129%
36%
14
107
16%
62
27
24%
153%
135%
33%
99%
130%
49%
107%
113%
30%
113%
22
114%
25
162
25%
87%
19
30%
92%
26
80
108%
31%
89%
219%
24%
56%
32%
133
10%
158%
14
29%
47%
142
129
36%
14
105%
16%
61%
26%
24
152%
134%
33
99%
130
49%
106%
112%
29%
113%
22
114%
25
160%
26
87%
18%
30%
91%
25%
80
107%
31%
89%
220%
57%
32%
10%
21
29%
47%
141%
128%
35%
13
89%
219
23%
56%
32%
29%
PRIMARY MOVEMENT.
LIVERPOOL GRAIN MARKET.
LIVERPOOL, Aug. 12.—Wheat opener]
unchanged to %d higher: at 1:30 p m
the market was unchanged to %d
higher. Closed %d lower.
Corn opened unchanged; at 1:30 p. m
the market was unchanged Closed %d
lower.
RESOURCES
Loans and discounts $3,494,666.61
Overdrafts, secured and un
secured »v 819.55
U. S', bonds to secure circu
lation 500,000.00
U. S. bonds to secure U. S.
deposits 18,000.00
Other bonds to secure U. S.
deposits, $1,000.00: to se
cure postal savings. $5,000. 15,000.00
Premiums on TJ. S. bonds... 5.000.00
Bonds, securities, etc €4,750.00
Due from national banks
(not reserve agents) 31,341.57
Due from state and private
banks and bankers, trust
companies and savings
banks 119,157.68
Due from approved reserve
agents 445.160.82
Checks and other cash Items 36.350.45
Exchanges for clearing house 59,564.04
Notes of other national
banks 30,000.00
Fractional paper currency,
nickels and cents 7,961.55
Lawful money reserve in
bank, viz:
Specie $113,876.00
I^egal tender notes 57.000.00— 170,876.00
Redemption fund with U. S.
Treasurer (5% circulation). 25,000.00
Total
.$5,013,638.27
LIABILITIES.
Capital stock paid in $600,000.00
Surplus fund 400,000.00
Undivided profits, less ex
penses and taxes paid 211,336.59
National banks notes out
standing 500,000.00
Due to other national banks. 13,699.89
Due to state and private
banks and bankers 204,446.38
Due to trust companies and
savings banks 78,108.20
Due to approved reserve
agents 37,801.69
Individual deposits subject
to check 2,570,816.73
Demand certificates of de
posit 63,136.58
Certified checks 1,648.80
Cashier's checks outstanding 6,123.87
United States deposits 26.000.00
Postal savings deposits 1,519.64
Bills payable, including obli
gations for money bor
rowed 300,000.00
Total...
. . .$5,013,638.27
STATE OF GEORGIA—County of Fulton.
I, T J. Peeples, cashier of the above named bank, do solemnly swear that
the above statement Is true to the best of my knowledge and belief.
T. J. PEEPLES, Cashier.
Subscribed and sworn to before me this 12th day of August, 1913.
SAML. A. SWANN, Notary Public.
Correct—Attest: W. H. KISER,
J. H. HOLLEMAN,
W. L. PEEL.
Director*.
Texas Pacific
Third Avenue ....
Union Pacific 156
IT. R. Rubber. 62%
65%
108%
51
26%
6
15%
68%
U. S. Steel .
do. pfd.. .
Utah Copper
V. -C. Chem.
Wabash . .
do. pfd.. .
W. Union .
W. Maryland
W. Electric
W. Central
•Ex-dividend. 2% per cent
153%
61
63%
108%
50%
26%
5%
14%
68%
61 %
26%
24%
59
152%
135%
33%
99%
130%
49
106%
112%
30%
113%
22
24%
161%
25
89
19%
28%
91%
25%
78
108%
31%
16%
36%
155%
66% 64%
65%
108%
50%
26
5%
16%
43
65
48
156
20%
29%
47%
141
128%
35%
13
16
61
23%
151%
133%
33
99%
129%
47
105%
112%
29%
113%
25
114
24%
160
24%
87
18%
27%
92
25%
76%
109%
31
36%
153%
63%
50%
108%
50%
26%
4%
14%
41
64%
PROVISION MARKET.
(Corrected by White Provision Co.)
Cornfield hams, 10 to 12 average, 20c
Cornfield hams, 12 to 14 average. 20c.
Cornfield skinned hams, 16 to 18 av
erage, 21c.
Cornfield picnic hams, 6 to 8 aver
age. 14c.
Cornfield breakfast bacon, 26c.
Grocers’ style bacon (wide and nar
row), 20c.
Cornfield fresh pork sausage, fresh or
bulk, in 25-pound bucket*, 12%c.
Cornfield frankforts, 10-pound boxes.
12c.
Cornfield Bologna sausage, 25-pound
boxes, 10c.
Cornfield luncheon ham, 25-pound
boxes. 13%c.
Cornfield smoked link sausage, 25-
pound boxes, 10c.
Cornfield smoked link sausage in
pickle, in 50-pound cans, $5.25.
Cornfield frankforts in pickle, 15-
pound kits, $1.75.
Cornfle’d pure lard, tierce basis, 13%c.
Country style pure lard, tins only,
12 %e.
Compound lard, tierce basis, 10%c.
D. S. extra ribs, 13%c.
D. S. rib bellies, medium average,
U%c.
D. S rib bellies, light average, 14%c.
8.80.
Good butcher pigs, 100 to 140, $8.25(@
8.60.
Light pig*, 80 to 100, $8 00@8.25.
Heavy roughs and mixed hogs, $7 50
@8.00.
The above quotations apply to corn-
fed hogs; mash and peanut-fattened lc
co 1 %c under.
. NO. 5318.
REPORT OF THE CONDITION OF THE
Lowry National Bank
At Atlanta, In the State of Georgia, at the close of business August 9, 1913.
LIVE STOCK MARKET.
“As I have said many times of late,
any activity the stock market displays
is when prices are advancing I hear
that the arge Interests are heavily long
of securities and are accumulating more
from day to day.
"Although prices have had a good ad
vance from the low of June 11. the
advance under way will continue until
stocks are at a considerably higher
level. I am especially bullish on Union
Pacific, Steel. Copper and the Tractions,
and believe holdings should be Increased
in all of these Issues on any moderate
recession."—G. D. Potter.
RESOURCES.
Loans and discounts $5,126,379.23
Overdrafts, secured and
unsecured 2,372.03
L T . S. bonds to secure cir
culation 1,000,000.00
U. S. bonds to secure U. S.
deposits. $150,000.00 150,000.00
Other bonds to secure U. S.
deposits, to secure postal
savings, $8,000.00. 8,000.00
Premiums on U. S. bonds 5,750.00
Bonds, securities, etc 169,765.00
Banking house, furniture
and fixtures 58,118.33
Due from national banks
(not reserve agents) 150,415.48
Due from State and pri
vate banks and hankers,
trust companies, and
savings banks 75,207.74
Due from approved reserve
agents 490,477.94
Checks and other cash
items 5.599.12
Exchanges for clearing
house 85,789.18
Notes of other national
banks 69,310.00
Fractional paper currency,
nickels and cents 1,562.66
Lawful money reserve In
bank, viz:
Specie $ 50,080.00
Legal-t ender
notes 184,558.00— 234.638.00
Redemption fund with
U. S. Treasurer (5 per
cent of circulation) 50,000.00
Due from U. S. Treasurer 17,000.00
Total $7,690,384.61
LIABILITIES.
Capital stock paid in
Surplus fund
Undivided profits, less ex
penses and taxes paid..
National bank notes out
standing
Due to other national
banks
Due to State and private
banks and bankers
Due to trust companies
and savings banks
Due to approved reserve
agents
Dividends unpaid^-
Individual deposits subject
to check
Demand certificates of de
posit
Certified checks
Cashier’s checks outstand
ing
United States deposits
Postal savings deposits...
Deposits of U. S. disburs
ing officers
Bills payable, including
obligations for money
borrowed
$1,000,000.00
1,000,000.00
257,544.42
1,000,000.00
9^795.06
241.021.69
31,078.59
157,212.09
48.00
3,146,334.21
100,837.18
321.63
5,933.42
131,602.72
2,500.22
21,152.39
600,000.00
Total
$7,690,384.61
CHICAGO, Aug. 12.—Hogs—Receipts
17,000. Market slow and steady. Mixed
and butchers, $8.10@9.25; good heavy,
$8.70@8.95; rough heavy, $7.80@8.50;
light. $8.95@9.35; pigs, $6 40@8.10; bulk,
$8.35 @8.95
Cattle—Receipts 4,500 Market steady.
Beeves. $7.26@9.20; cows and heifers.
$3.25@8.30; stockers and feeders. $5.75@
7.65; Texans, $6.75@8.15; calves, $9.50@
11 25.
Sheep—Receipts 30,000. Market steady.
Native and Western, $3.00@4.70; lambs,
$4.75<@ 7.55.
ST. LOUIS. Aug. 12 —Cattle receipts |
7,500, including 1,200 Southerns; native
beef steers, 6.50@9.00; cows and:
heifers. 4.75@8.50; stockers and feeders. |
5.26@7.50; calves. 6.00@9.50; Texas
sters. 6.25@7.75; cows and heifers, 4.25
@6.50; calves, 5.00@6.00.
Hog receipts, 12.000: market 5 to 10c
lower; mixed. 8.80@9.20: good. 8.90@
9.00: rough. 7.75@i8.00; light. 9.05@9.25;
pigs, 6.50@ 9.00: bulk. 8.85@9.15
Sheep receipts. 8,000; market steady;
muttons. 3 25@ 4 00; yearlings, 4 75@6.00;
lambs, 5.75@6.S5.
STATE OF GEORGIA—County of Fulton, ss:
I, Henry W. Davis, cashier of the above-named bank, do solemnly swear
that the above statement is true, to the best of mv knowledge and belief.
HENRY W. DAVIS, Cashier
Subscribed and sworn to before me this 12th day of August, 1913.
HENRY A. PURTELL. Notary Public.
Correct—Attest:
JOHN E. MURPHY.
MELL R. WTLKINSON,
FREDERIC J. PAXON,
Directors.
PORT RECEIPTS.
The following table shows receipts at
the ports to-day compared with the
same day last >ear:
1 1913
1912
New Orleans.
Galveston.
Mobile. . . .
Savannah. . .
Norfolk. . . .
Boston. . . .
Total. . . .
147
5,035
232
79
LOWRY NATIONAL BANK
Capital $1,000,000
$1,000,000
Safe Deposit Botes
Surplus
Savings Department
INTERIOR MOVEMENT
Houston
The New York Financial Bureau says. Memphis
“Foreign indications are reassuring, al- j - •
though investors abroad are not partici
pating to any great extent in the pres-
, market movement/’
UISVILLE
THROUGH SLEEPERS