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TTTT: ATLANTA GEORGIAN ANT) NEWS
House Passes Bill Leaving Power
to Award Custody in Divorce
Cases to the Judge.
A bill KlvInR the mother »n equal
rifrht 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 JudKc,
wa^ passed by the House Tuesday
morning The vote was 96 to 62. The
light lasted more than an hour.
It was a substitute to the bill In
troduced by Smith of Pulton 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
ed upon by that body at this session.
The original bill transferred the
prlma facie right to the child from
the father to the mother.
Mr. Smith, explaining his hill, 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
not competent to care for her child.
Those who spoke against the bill
were Conner of Spalding. C.arlington
of Richmond. Moye of Johnson. Pie-
quet of Richmond and Slater of Bry
an. , _
The House concurred In the Senate
Amendments to the Atlanta charter
bill, providing for a popular vote on
the charter, the referendum and the
reduction of the power of the Re
corder.
"obTtuary
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 by 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
milla; 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.
6usan 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 Mr*. Julia
Heeden, who died Monday, will tie
held at 3:30 o'clock Tuesday after
noon at the residence of her daugh
ter. Mrs C. H. Barnes. No. 12 2
Glennwood avenue. Interment at
Hollywood.
South Georgia Road
In Receiver's Hands
Question Put Squarely Up to the
House—Validity of Slaton Rev
enue Bills in Doubt.
VALDOSTA, Aug. 12.—The Valdns-
ta. Moultrie and Western Railroad,
operating 42 miles from this city 10
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
end the railroad cited to show cause
on August 23 why the action should
not be made permanent. .
The railroad was built entirely -.ith
local capital four years ago. it was
f arted on a capital stock of $100,000.
The $300,000 of bonds were issued be
fore it was completed.
C. I. Harrel, general manager, will
continue to operate the road for the
receiver.
$100,000 in Stock
For Use of Name
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
thrown out on constitutional ground*,
the wave of tax reform In this session
of the Legislature reached Its crest
Tuesday morning.
Leaders In the Senate declared
Tuesday morning that a serious doubt
exists aa to the constitutionality of
presenting the three Administration
taxing hills which were defeated in
the House last week. The legal point
Is said to rest upon the confitltutlon-
alitj of presenting bills In one house
after they have been defeated In the
(her. .Should tills opinion hold, the
three bills offered for the Administra
tion by Senators Miller, McNeill and
Tarver will he thrown out and the
Senate will rest on its laurels earned
lale Monday 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 an passed by
the Senate. Should the liou.se 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 can be done, It is
claimed, without financially embar
rassing the State Treasury with such
a taxing law on the statute books an
the Miller-Anderson bill passed by
the Senate.
The bill provide? for a State tax
commissioner with offices in tne
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 tlie teachers.
Parsed 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
hill, 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 spoke briefly
In opposition to the hill were Mc
Gregor, of the Nineteenth, and Oiliff,
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 home town
of Senator DuBose. It was for this
leason, 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.
COTTON RULED
OlliTf STRONG
Continued Dry Weather in South
west Causes Active Bidding,
but Sales Were Light.
NKW YORK. Aug 12.—An absence of
weather news of features in the rabies
ca used 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 M«m-
After tiie call strength developed
day
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 and
purchased rather freely at times. Many
of tlie larger spot houses were noted
buyers. •
Cordili was out with a report on parts
of the Hastern belt, which was consid
ered very favorable This, coupled with
a private telegram from Austin, Texas,
stating that no hange of consequence
is noted in conditions, while the weath
er lias been hot and dry. the tempera
tures were onl> 90 degrees yesterday
and the entire .State toward Oklahoma,
cotton Is opening fast and in ten days
It will he moving freely all south of
Waco. This brought out rather active
selling from Wall street, but offerings
were so rapidly absorbed that prices
during the late, forenoon were firmly
inainfained around the early high point
The high temperatures continue In the
West and the weekly weather report
Just posted shows a bullish condition
existing w’est of the Mississippi, t'hough
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 is an
element who believe the market Is en
tirely 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 1n New
Orleans: August, 11.50; October, 11 12;
December, 11.10; January, 11.11; March,
1120
Estimated cotton receipts:
Wednesday. 1912
New Orleans 300 to 350 375
RANGE IN NEW YORK FUTURES.
NKW ORLEANS, Aug. 12- Hayward
& Clark: The weather map shows most
ly cloudy in Tt x&s and North Carolina,
generally fair over rest of the belt. No
rairiH shown on the map. except light
shower at Galveston and Amarillo, and
raining In far west Texas at El Paso.
N'ic<- rains fell over south central Gulf
and North Carolina, but little rain else
where.
0 0 0
F M Cordili wires: "Charlotte.
Greenville, Atlanta to Montgomery an
unbroken stretch of excellent crops Is
noted. Atlantic* 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"
'Hie New Orleans Times-Democrat
says: "Expected rains did not fall In
Oklahoma and Texas and the market
whs 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. t'nder 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 lack 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
s not only not abnormal, but is con
fined to a verv 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
.le of the account of much attractive
ness."
o
1X60
11.27
11.03
11.71
11.31
11.13
11.00 11.00
10.98 11.08)10.95
10.87 10.96(10.85
0.0
11.60
11.27
11.01
10.99
10.97 U.Of, 10.93
My 111 01 1 109'10 99
11.62111.61-62111.61-63
11.29 11.21-2311.23-25
11.04lll.03-04|ll.03-05
10.99110.95-97110.95-97
10.98 10.97-98 10.97-98
10.86 10.85-86 10.86-87
10.87-89 10.88-89
10.94 10.93-94 10.90-97
11 00 10.99-11 11.02-03
MARKED ACTIVITY CEREALS RENEW
NOTED IN STOCKS UPWARD TREND
Street More Cheerful Over Cheap Dry. Hot Weather Runs Shorts to
Cover—Corn Feature in Ac
tivity and Strength.
Grain Notes
Money Talk—Standard Rail
roads Led Advance.
Closed steady.
LIVERPOOL COTTON MARKET.
LIVERPOOL, Aug 12—Due % to 1
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 6.41d;
sulen 8.000 bales. Including 6,900 Ameri
can; Imports. 3,000 bales, of whfch 2,000
were American.
At the close the market was very
steady with prices at a net advance, of
4 to 5 pofhts from the final quotations
of Monday.
Futures opened steady.
Opening. Prev
Range. 2 P M. Close Close.
Aug 6.16 6.21 % 6.151*
.6.08% 6.12% C 98
.6.00 5.96% 6.00 5.99
.5.95% 5.90% 5.99 5.95
.5.92 6.91 5.94 5.90
.5.91 6.92% 5.94 6.90
.5.92 5.94 5.96 5.71
.5.93% 5.95% 5.96% 6.92%
The Journal of Commerce says the vol
ume of' business passing in the cotton
goods markets Is being underestimated.
Jobbers are doing u 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 mere are few goods
available for spot delivery. Most mills
do not care to go far *rnto 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 yeskerday was 104 degrees: Texas.
98. with seven stations recording 100;
five 102, and one 104 degrees.
0 0 0
Liverpool cables: "Market easier on
hedge selling: tendency here 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
possib'y the host seller, supposed to be
for Wall street.
By CHARLES W. STORM.
NEW YORK, Aug. 12.—Urfion 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 stronsr and most of the
issues showed fractional gains. The ac
cumulation arose from scattered sources
and Include some shares which for a
long time have been neglected.
Among the advances were Wool worth.
%; Steel common. %; t'nited States
Rubber common, %; t'nion Pacific, %;
Amalgamated Copper. %; American
Can. %; Anaconda Copper, %; Bethle
hem Steel, %; Canadian Pacific. %;
Texas Company, 4 ; 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-divldend.
opened at 107%, against 1D9% 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.
Gains of more than a point were noted
in the leading railroads and industrials.
hile substantial fractional upturns
ere recorded In many other issues.
Amalgamated Copper led the upward
movement, advancing 1% to 74%. T’nion
Pacific moved up 1% to 155%, and sim
ilar gains were recorded in Canadian
Pacific, Reading. St. Paul, Steel com
mon. Wabash common, T’nited States
Rubber, Utah Copper «nd Tennessee
Copper advanced more than % each.
Southern Pacific was under slight pres
sure. however, declining % to 91%.
Call money ts loaning and renewing
. 2% per cent.
T’nion 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.
Lehigh Valley and St Paul held firm
and Texas Company was very strong.
elling at 118% for a gain or more than
points on the day. Brokers said there
was a good deal of Investment buying
in Europe.
NEW YORK STOCK MARKET.
at
Aug.-Sept.
Sept.-Oct. .
Oct.-Nqv. .
Nov.-Dec. .
Dec.-Jan. .
Jan.-Feb. .
Feb.-Mch.
Mch.-Apr.
April-May
May-June
June-July
Closed very steady.
.5.95% 5.95% 5.98
.6.96 5.97% 6 99
.5.95 6.00
. .5.97 6.00
5.94
5.95
5.90
5.96
HAYWARD & 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 vet. although it continues
generally cloudy over Texfes. The map
shows cloudy weather in 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
dications are unchanged, and prospects
continue for unsettled weather and pre
cipitation 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 ts steady, hut cables that
I heavy hedge selling is weighing on the
[ market. Manchester cables: "Weaving
I worse. Yarns slack. Lower unless bad
crop prospects." Our market opened 2
GADSDEN. ALA., Aug. 12.—Oliver
Hnll, a rich merchant of Collinsville,
testified in the case of E. C. Drew,
the Fort Payne promoter, charged
with using the mail to defraud in
promoting the DeKalb Etowah Oil
end Gas Company, how he had been
selected president b> Drew and ten
dered $100,000 in stock in a $300,000
corporation. He said he never gave
anything for the stock, but permitted
the u 4 ** of his name. His son, Irby
Hall, was made vice president and
given $500 ’n slock
A sensation developed when it was
shown the company had never been
Incorporated and that there was no
system of bookkeeping.
Attorney Shot When
Officer Aims at Dog
V,\ C. Munday, a member of the law
firm of M unday & Cornwell, No. 31S
Kite r Building, was shot in the leg
Monday night when a bullet filed by
Polueman Jaffa res at a mad dog
glanced from the sidewalk at Capitol
avenue and Hunter .street.
Munday's wound was slight, 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. Tile
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 tc
call a special session of the Legis
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 IN CORN
CROP 300,000,000 BUSHELS
CHICAGO, Aug. 12.—B. W. Snow says:
"With the indication Saturday of the
possibility "f «• breaking up of the
drouth 1 sent a special circular of in- | points higher and advanced steadily on
quirv to my country clients asking for a | small buying to cover on the absence of
report on corn condition August 11, and | general rains in the west and in ai-
tlcipation of an unfavorable weather re
port for the week.
Now 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.
WEEKLY WEATHER REPORT.
WASHINGTON, Aug. 12 — Mean tem
peratures ranged from 1 to 8 degree:
above normal, exeept 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 apd
Northeastern Oklahoma.
Weekly mean temperatures ranged
from 72 to 82 degrees over the eastern
belt, from 82 to 84 degrees over the cen
tral arid from 82 to 88 degrees over
the western portion of the cotton re
gion. The lowest weekly mean tern
perature, 72 degrees, occurred at Ashe
vllle. N. (’., and the highest. 88,
curred at Fort Worth, Texas, and Fort
Smith. Ark.
No precipitation occurred during th
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-
trams 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 Rock, Ark., and there
was 5.66 inches at Minden, I^a.
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 I%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 lo.
The Chicago Inter-Ocean says: "Sen
timent tn 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, Ilinols 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 -.chocktunof, I-a, -ln,n f . Omaha. u cloud,. *4.™
as many sj>ecu»ior» j yegterday none )agt nl?ht looUs n ke
excited humanity,
left the other pits to try the:
corn.
Wheat closed with gains of % to %c
and oats were up % to %c.
Provisions were lower all around.
Grain quotations:
High.
WHEAT—
Stock quotations:
STOCKS— High.
Amal. Copper 74%
Am. Agricul
Am. Beet Sug. 28%
American Can 35%
do, pref. .. 94
Am. Car Fdy. 47
Am.| Cot. Oil.. 44
American Ice 23%
Am. Loco mo. 34%
Am. Smelting 90%
Am. Sug. Ref. 111%
Am. T.-T. ... 129%
Am. Woolen
Anaconda .... 37%
Atchison 97%
A. C. L. .
B. and O.
Beth. Steel... 36%
R. R. T 90%
Can. Pacific.. 221%
Cen. leather. 24%
Low
72%
28%
34%
93%
46%
44
23%
33%
89%
111%
129%
36%
97%
122% 1221
97% 97
Cl os. PreV.
Bid. Close.
74 Z 72%
C. and O. .. . 57%
Colo. F. and I. 33%
Colo. Southern ....
Consol. Gas.. 133%
Corn Products 11%
D. and H 158%
Den. and R. G
Distil. Secur.. 14
Erie 2974
do, pref. . . 47%
Gen. Electric.. 142%
G. North, pfd. 129%
G. North Ore. 36%
G. Western
Ill. Central.
Interboro ..
ref.
14
107
16%
62
27
24%
have received sufficient reports to Jus-
< decline In
prospects Hince the Government report
and my own of August 1 was gathered
has been much heavier than is gen
erally appreciated.
*1 have returns enough to indicate
that Indiana has dropped 10 points In
condition, Illinois 16 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 tn 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
firm; crude Pennsylvania. 2.50.
Turpentine barely steady: 39 0 39%.
Rosin irregular; common 4.00 0 4.2b
Wool steady: domestic fleece, 23@27;
pulled, scoured hi sis. 33 @52; Texas,
scoured basis, 46<ft 53.
Hides quiet: native steers. 18%@19%;
branded steers, 17%018.
Coffee steady, options Opened 4 to 12
points higher; Rio No. 7 on spot at 9%.
Rice steady; domestic ordinary to
prime. 40 5%
Molasses steady; New Orleans open
kettle. 35 0 55.
Sugar, raw steady; 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 4.80. diamond A 4.70. con
fectioners’ A 4.55. Softs—No. 1 4.45(g)
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.)
Pet a toes quiet; white nearby 5002.37,
Southerns 1 25(02.00.
Beans quiet; marrow, choice 6 5006.65,
pea. choice 3 80@3.90, red kidney choice
3.6503.70
Dried fruits steady: apricots, choice
to fancy, 12015; apple*, evaporated
prime to fancy 8%. prunes 30s to 60s
7%(ft 12. 60s to 100s 4%(q7. peaches choice
to fancy 6% 0 7%. seeded raisins choice
to fancy 5% @6%
Ag
Spt
Oc
Nv
Dc
.Tn
Fb
Mh
My
Closed steady
O
~w
n
0.0
11.67111.67111.46(11.46111 46-47 11.44-47
! i I 111.09-10111.11-12
11.09*11 15ll 1.06111.07 11.06-07 11.07-08
: 11.03 11.00 11 00 11.00 11.02-04 11.04-06
ill.09 11.13 11.03 11.05 11.04-05*11.06-07
'll.OS' 11.13111.04 11.04 11.04-05 11 06-07
! I HI. 03-04 11.03-05
11.20 11.21 11.15,11.15 11.13-15 11.16-17
11 20 22 11.23-25
THE WEATHER.
BRITISH TROOPS SLAIN.
LONDON. Aug. 12.—Official an.
nouncen:*»nt was made at the War Of
fice that 50 British peddlers of a camel
• corps wore killed or wounded yester
day In ityxtwg in Sopa^iland, Africa.
Conditions.
WASHINGTON Aug 12—There will
be showers within the next thirty six
hours in the Lake regions, and the
North and 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 northeastern 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 or
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 117*.
New York, quiet; middling 12c.
Philadelphia, quiet; middling 12c.
Boston, quiet; middling 12.30.
Liverpool, easier; middling 6.41d.
Savannah, steady; middling 11%.
Augusta, 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; mldd! -ig 12%.
Memphis, steady; middling 11%.
St Louis, quiet; middling 12 5-16.
Houston, steady; middling 12c.*
Louisville, firm: middling 12%
Charlotte, steady; m’iddling 12o
Greenville, steady; middling 12c.
NEW YORK COFFEE MARKET.
Coffee quotations:
| Opening Closing.
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 arid August, 1472‘*Oi 15.85; Septem
ber and October. 1.4.95'u 15.75; spelter.
5 750 5 80, lead. 4 50, bid, tin. 41.o0%@
Januarv. . . .
February. . . .
March. . . .
April
May
Jure
July
August ....
September. . .
October. . . .
November. . .
1 >. camber. . . .
Closed steady.
9.30479 40
9.406'9.53
9.58479.59
9.60(09.65
9.68 (ft 9.69
9.70@9 74
.1 9.74(59.75
l 1 8.87(ft 9 00
J 8.9509.00
.!
.1 9.26(ft9 27
9.16(59.18
9.25(59.28
9.3459.35
:• 89fl9 42
9.45(5 9.46
9.48(59.50
9.51(59.62
9 66 Q 9 68
8.72(58.73
8.834/ 8.86
8.95(58.98
9.07(5 9 08
do, pi
K. C. S.
M. . K. and T
do. pfd.. . .
L. Valley. . .
L. and N. . .
Mo. Pacific . .
N. Y. Central
Northwest.. .
Nat. Ijead . .
N. and W.
No. Pacific
O. and W.
Penna 113%
Pacific Mail . 22
P. Gas Co.’ . . 114%
P. Steel Car . 25
Reading . . . 162
R. I. and Steel 25%
do. pfd.. . .
Rock Island .
do. pfd.. . .
R.-Sheffield. .
So. Pacific . .
So. Railway .
do. pfd.. . .
•gt. Paul . . .
Tenn. Copper.
153%
135%
33%
99%
130%
49%
107%
113%
30%
8776
19
30%
92%
26
80
108%
31%
36%
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%
25
87%
18%
30%
91%
25%
80
107%
31%
46
28
34%
93%
46%
44
22%
33%
67%
129%
17
37%
97%
, 122
97
35%
89%
220%
57%
32%
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%
69%
42%
44%
47%
Low.
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%
Previous
Close. Close.
86%
89%
94%
J?8
69%
42
44%
47%
20.50
18.90
11.17%
11.25
10 62%
11.00
11.00
10.05
85%
89%
94%
71%
t’6%
68
41%
44%
46%
20.87%
19.20
11.27%
11.35
10.72%
11.02%
11.05
10.12%
rain now; Terre Haute, cloudy, 74 above,
no rain; Peoria, raining. 75; Springfield,
Ill., raining. 75; Minneapolis, cloudy, 66;
Bismarck. N. Dak., clear. 60; Hankinson,
N. Dak., clear, 70; Portland, cloudy, 60;
Duluth, cloudy, 50; St. Louis, clear, 80;
WlcMta, 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 tn prioe#
to-day.
"Corn—The weather shows scattered
rains in Iowa Missouri and parts of Il
linois, but none in Kansas, in w’hlch 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 gre 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 Sep
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 Btate. Corn In the
northern part of the State has held its
own and gives promise of a good crop.
In the southern mnties corn condition
has been redi :.1 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, III.; "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; Harrlsonville, .09."
Omaha corn and wheat region bul«
letin show’s rain at Valentine, .02; high,
est temperature 98. at Falrbury. Neb.
BALTIMORE AND
RETURN $20.95.
On sale August 22, 23, 24.
Through steel trains. SEABOARD.
No. 9105. 0
REPORT OF THE CONDITION OF THE
American National Bank
at Atlanta, in the State of Georgia, at the close of business, August 9, 1913.
CHICAGO CASH QUOTATIONS.
CHICAGO, Aug. 12.—Wheat, No. 2
red. new. 8614®*7%; No. 3 red, new
85*4 Ifi 86%; No. 2 hard winter. new, 8#
(ft)87; No. 3 hard winter, 85*4@86^i; No.
1 northern spring, new. 91; old, 91; No.
2 northern spring, 90; No. 3 spring. 88
@90.
Corn. No. 2, 729i@73i4; No. 2 white,
73y 4 @73V-: No. 2 yellow. 72%@73H; No.
3, 72>4@f3; No. 3 white, 72%@78H; No.
3 yellow. 72V.@73; No. 4. 71*4@72*4; No.
4 white, 72>4®72%; No. 4 yellow, 72%
@72-14.
Oats, No. 2. newq 39% (ft40; No. 2
white, new, 42%(ft43; No. 3, new, 39%;
No. 3. new. 41041%; o’d. 41%(ft»42: No. 4,
new, 40(ft41; No. 4 white, old, 40%@41;
Standard, new, 42(ft42%; old, 42%@42%.
46%
27
34
93%
46%
43%
22%
33%
66
129%
36%
97
121
96%
36
89%
219
23%
56%
32%
29%
ST. LOUIS CASH GRAIN.
ST. LOUIS, Aug. 12.—No. 2 red wheat,
85%(ft 87%; No. 3 red. 85% ; No. 4. 83(ft’
83%; No. 2 hard, 84%@89%; No. 3 hard,
84 (ft 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% 'ft 42%; No. 3, 41%;
No. 4, 40%; No. 2 white, 42%: Standard,
42M (ft42%; No. 3 white, 41%@42%; No.
4 white, 41.
RESOURCES.
Loans and discounts $3,494,666.61
Overdrafts, secured and un
secured 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. 16,000.00
Premiums on U. S. bonds... 5,000.00
Bonds, securities, etc 54,750.00
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
Cheeks 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 7,951.55
Lawful money reserve in
bank, viz:
Specie $113,876.00
I^egal tender notes 57.000.00—
Redemption fund with U. S.
Treasurer (5% circulation).
PRIMARY MOVEMENT.
WHEAT—
1 1«13
1*»12
Receipts
. 1 1,538.000
1,238,000
Shipments . . . .
783,000
1.499.000
CORN— 1 1
Receipts
.1 513.000
1 348.000
Shipments . . . .
,| 399,000
386,000
LIVERPOOL
GRAIN MA
RKET.
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 2,570,816.78
Demand certificates of de
posit 63,136.58
Certified checks 1,648.80
Cashier’s checks outstanding 6,123.87
United States deposits 25,000.00
Postal savings deposits 1,519.64
Bills payable, including obli
gations for money bor
rowed 300,000.00
Total
170,876.00
25,000.00
$5,013,638.27
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.
Directors.
10%
21
29%
47%
141%
128%
35%
13
LIVERPOOL, Aug. 12.—Wheat opened
unchanged to %d higher: at 1:30 p. m. 1
the market was unchanged to %o i
higher. Closed %d lower.
Corn opened unchanged; at 1:30 p. m
the market was unchanged Closed %d
lower.
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%
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.
Opening.
Spot . . . .
August . . .
September .
October . .
November .
December .
January . .
February
March . . .
. 8.70(09.00
J 8.53(ft 8.56
.! 7.4607.50
.! 6.6706.69
. 6.590 6.62
.! 6.5606.64
.i .6506.68
.! 6 5906.68
Closing
8.400 6.75
8.450 8 5<*
8.400 8.50
7.5107.55
6.7006.71
6.590 6.60
6.610 6.62
6 600 6 62
6.6006.6b
Closed quiet: sales 17,100 barrels.
PAR SILVER
NEW YORK, Aug 12 —Commercial
bar silver 59%c Mexican dollars 47c.
LONDON, Aug. 13.—Bar silver steady
27 5-Juki.. -unchac^eO
Texas Pacific
Third Avenue
Union Pacific 156 15$7
U. S. Rubber. 62% 61
U. S. Steel . . 65% 63% 65%
do. pfd.. . . 108% 108% 108%
I’tah Copper. 61 50% 50%
V. -C. Chem. . 26% 26% 26
Wabash ... 6 6% 5%
do. pfd.. . . 15% 14% 16%
W. T^nion . . 68% 68% ....
W. Maryland 43
W. Electric . 66% 64% 65
W. Central 48
•Ex-divldend. 2% per cent.
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%
62%
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
pickle, in 50-pound cans, $6.25.
Cornfield frankforts in pickle,
pound kits, $1.75.
Cornfield pure lard, tierce basts, 13Vic.
Country style pure lard, tins only,
12*4 e.
Compound lard, tierce basis, 10%c.
D. S. extra ribs, 13%c.
D. S. rib bellies, medium average,
lt%c.
I). S ril) bellies, light average, 14%c.
8.80.
Good butcher pigs, 100 to 140, $8.25@
8.50.
Light pigs, 80 to 100. $8 00 08.25.
Heavy roughs and mixed hogs, $7 50
08.00.
The above quotations apply to corn
fed hogs; mash and peanut-fattened lc
to l%c under.
LIVE STOCK MARKET.
in
15-
CHICAGO, Aug. 12.—Hogs—Receipts
17.000. Market slow’ and steady. Mixed
and butchers, $8.1009.25; good heavy
$8.7008.95; rough heavy. $7.8008.50;
light, $8.9509.35; pigs. $6.4008.10; bulk,
$8.3508.95
Cattle—Receipts 4,500 Market steady.
Beeves, $7.2509.20; cows and heifers,
$3.25 0 8.30; Stockers and feeders. $5,750
7.65; Texans, $6.7508.15; calves, $9,500
11.25.
Sheep—Receipts 30,000. Market steady.
Native and Western, $3.000 4.70; lambs,
$4.7507.55.
ST. LOUIS. Aug. 12.—Cattle receipts
7,500, including 1.200 Southerns; native
beef steers, 5.5009.00; cows and
heifers. 4.7508.50; stockers ard feeders,
5.2507.50; calves. 6.0009.50; Texas
sters, 6.2507.75; cows and heifers, 4.25
06.50; calves. 5.00 0 6.00.
Hog receipts. 12.000; market 5 to 10c
lower; mixed. 8.800 9.20; good, 8.9o0
9.00; rough. 7.750 8.00: light. 9.0509.25;
pigs. 6.500 9.00; bulk. 8.8509.15
Sheep receipts. 6,000: market steady;
muttons. 3.250 4.00; yearlings, 4 75 0 6.00;
lambs, 5.7506.85.
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.
RESOURCES.
Loans and discounts $5,126,379.23
Overdrafts, secured and
unsecured 2.372.03
U. 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
Premiufns 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 bankers,
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 59,310.00
Fractional paper currency,
nickels and cents 1,562.56
Lawful money reserve in
hank, 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) 60,000.00
Due from U. S. Treasurer 17,000.00
LIABILITIES.
Capital stock paid in $1,000,000.00
Surplus fund 1,000,000.00
Undivided profits, less ex
penses and taxes paid.. 257,544.42
National bank notes out
standing 1.000.000.00
Due to other national
banks 94,795.05
Due to State and private
banks and bankers 241,021.69
Due to trust companies
and savings banks 31,078.59
Due to approved reserve
agents 157,212.09
Dividends unpaid 48.00
Individual deposits subject
to check 3,146,834.21
Demand certificates of de
posit 100.837.18
Certified checks 3^1.63
Cashier’s checks outstand
ing 5,935.42
T’nited States deposits 131,602.72
Postal savings deposits... 2,500.22
Deposits of U. S. disburs
ing officers 21,152.39
Bills payable, including
obligations for money
borrowed 500,000.00
Total $7,690,384.61
Total $7,690,384.61
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 my 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. WILKINSON.
FREDERIC J. PANON.
Directors.
"As I have said many times of late,
any activity the stock market displays
is when prices are advancing 1 hear
that the large 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 ami the Tractions,
and believe holdings should be increased
in all of these issues on any moderate j
recession."—G. D. Potter.
• * *
The New York Financial Bureau says:
"Foreign indications are reassuring, al
though investors abroad are not partici
pating to any great extent in the prea-
. PORT RECEIPTS.
The following table shows receipts at
the ports to-day compared witn the
same day last >tar:
i 1913.
, *,ut market movement,”
New Orleans. . . .
101
147
Galveston. . .
4,047
5,035
Mobile
20 1
7
Savannah
141
232
Norfolk
672
79
Boston
7 L.
Total
4,988
5,500
INTERIOR
MOVEMENT
! 1913.
1912.
Houston
• 2.214
2.0-8
Augusta. . . .
180
2«5
Memphis
334 I
27
St. Louis
°9 !
10
Cincinnati
117 1
86
Total
2,884 |
2.466
LOWRY NATIONAL BANK
Capital $1,000,000
Surplus $1,000,000
Savings Department Safe Deposit Boxes
THROUGH SLEEPERS