Atlanta Georgian. (Atlanta, Ga.) 1912-1939, August 12, 1913, Image 12

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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