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THE ATLANTA GEORGIAN AND NEWS
EMIL H TO IS PASSED Bf
House Passes Bill Leaving Power
to Award Custody in Divorce
Cases to the Judge.
A bill 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 96 to 62. 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 Oeneral Judiciary Com
mittee. The substitute was offered by
Mr. Smith, who stated it was accept
able to the Senate and w'ould 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 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
not competent to care for her child.
Those who spoke against the bill
were Conner of Spalding. Garllngton
of Richmond, Moye of Johnson. Pic-
quet of Richmond and Slater of Bry
an
The House concurred in the Senate
amendments to the Atlanta chart**
bill, providing for a popular vote on
the charter, the referendum and the
reduction of the power of the Re
corder.
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 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-
m'lla; 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 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
Glenn wood 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 to
Moultrie, has been placed in the hands
of a temporary receiver through fore
closure of a mortgage held by tho
Valdosta Bank and Trust Company,
trustee, acting for the bondholder. B.
P. Jones, of this city, owner of the
1300,000 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 v.ith
local capital four years ago it was
started on a capital stock of $100,000.
The $300,000 of bonds were issued be
fore it was completed.
C. 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 promoter, charged
with using the mail to defraud in
promoting the DeKalb Etowah Oil
end Gas Company, how he had been
eelected president by 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 use of his name. His son, Irby
Hall, was made vice president anil
given $500 in stock.
A sensation developed when It was
shown the company had never been
Incorporated and that there was no
system of bookkeeping.
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
thrown out on constitutional grounds,
the wave of tax reform in this session
of the Legislature reached its crest
Tuesday morning.
Lenders in the Senate declared
Tuesday morning that a serious doubt
exists as to the constitutionality of
presenting the three Administration
taxing bills which w'ere defeated in
the House last week. The legal point
is said to rest upon the constitution
ality of presenting bills In one house
after they have been defeated in the
other. Should this opinion hold, the
three bills offered for the Administra
tion by Senators Miller, McNeill and
Tarver w ill be thrown out and the
Senate will rest on Its laurels earned
late 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 as paesed 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 w'eek. This can be done, It Is
claimed, without financially embar
rassing the State Treasury with such
a 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 the teachers.
Passed After Hot Debate.
The bill was passed in the Senate
after nearly five hours of debate Mon
day afternoon. Henntor 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 opj>osition to the bill were Mc
Gregor. of the Nineteenth, and Olliff,
of the Fourth. Senator McNeill, in
supporting the bill, charged that the
LRwcomb bill, defeated in the House,
had been framed by the Chamber of
Commerce of Athens, the hfime 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.
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
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 cables
raiiHcd the cotton market to open dull
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 and
purchased rather freely at times. Many
of the larger spot houses were noted
buyers.
Cordill wan 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,
stating that no hange of consequence
is noted In conditions, while the weal ti
er has 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 be 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
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 1h somewhat more
bullish and higher prices are predicted
for the present at least, hut there is an
element who believe the market is en
tirely too high and are awaiting rain
developments in the Went 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 95; March, 1104; January,
10.84.
Following are 10 a. m. bids in New
Orlcnns: August. 11.50: October, 11 12;
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.
c
*
o
High.
Low.
Last
Sale.
Close.
I
| 0.0
Ag
11.80
11.71
11.60 11 62111.61 -62
11.61-63
Sp
11.27
11.31
11.27 11.29 11.21-23
11.23-25
Oc
11.03
11.13
11.01111.04111.03-04
11.03-05
Nv
11.00
11.00
10.99'10.99110.96-97
10.95-97
I>c
10.98
11.08
10.95il0.98|10.97-98
10.97-98
J n
10.87
10.96
10.85 10.86 10 85-86
10.86-87
Fh
. . ..10.87-89
10.88-89
Mh
10.97
i i .05
10.93 10.94 10.93-94
10.90-97
My
ll.01lll.09
10.99111.00|l0.99-ll
11.02-03
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;
sales ff.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.
Range. 2 P M
.6.16
6.08%
.6.00 5.96%
.5.96% 5.90%
.5.92 6.91
.6.91 6.92%
.5.92 6.94
.5.93% 5.96%
.5.95% 5.95%
.6.96 5.97%
.5.95
.5.97
steady.
Aug
Aug.-Rept. . .
Sept.-Oct. . .
Oct.-Nov. . .
Nov.-Dec. . .
Dec.-Jan. . .
Jan.-Feb. . .
Feb.-Mch. . .
Mch.-Apr. . .
April-May . .
May-June . .
June-July . .
Closed very
Close.
6.21%
6.12%
6.00
5.99
5.94
5.94
5.95
5.96%
6.98
6.99
6.00
6.00
Frev
Close
6.15%
C 08
5 99
5.95
6.90
5.00
5.71
5.92%
6.94
5.95
5.96
6.96
HAYWARD A CLARK’S
DAILY COTTON LETTER
Attorney Shot When
Officer Aims at Dog
CHICAGO, Aug. 12.—B. W. Snow savs;
“With the Indication Saturday of the
possibility of a breaking up of the
drouth I sent a special circular of in
quiry to my country clients asking for a
report on corn condition August 11, and
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 56. 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.
Open
High.
Low.
ast
Sale.
e
o
O
?!
0.0
Ag
Spt
Oc
11.57
11.67
11.48
11 46
11.46-47
11.09-10
11.44-47
11.11-12
11.07-08
11.09
11.15
11.06
11.07
11.06-07
Nv
11.03
11.00111.00
11.00
11.02-04 U.04-06
Dc
11.09
11.13
11.03
11.05
11.04-05111.06-07
Jn
Fb
11.08
11.13
11.04
11.04
11.04-05 11.06-07
11.02-04 11.03-05
Mh
11.20.11.21
11.16
11.15
11.13-16 11.16-17
My
. .
11.20-22111.23-25
W. C. Munday, a member of the law
firm of Munday & Cornwell, No. 318
Kiser Building, was shot in the leg
Monday night when a bullet fired by
Policeman Jaffares 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. The
officer ran up and fired. Munday, fif
teen feet away, received the bullet.
O’Neal Will Appoint
Alabama Senator
NEW' YORK. Aug 12 -Petroleum
firm; crude Pennsylvania. 2.60.
Turpentine barely steady; 39iff39%
Rosin irregular; common 4.00$'4 2o
■ Wool steady; domestic fleece, 23027'
pulled, scoured basis, 33$ 52. Texas,
'scoured basis, 46$ 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$55.
Sugar, raw steady; centrifugal 8.73,
muscovado 3.23, molasses sugar 2 98.
Sugar, refined quiet; fine granulated
4.70. cut loaf 5 50. crushed 5 40, cubes
4 95. powdered 4 80. diamond A 4 70. con
fectioners’ A 4 56. Soft9—No. t 4 45@
4 50. (No. 2 is 5 points lower than No.
1 and Nos, 3 to 14 are each 3 points
lower than the preceding grade.)
Potatoes quiet white nearby 5002 37.
Southerns 1.25$ 2.00.
Beans quiet; marrow, choice 6.6006.55,
pea. choice 3 80$3 90. red kidney choice
3 6503.70 •
Dried fruits steady: apricots, choice
to fancy, 12015; apples, evaporated
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
a special session of the Legie*
x *
,call
- n < ' n(lir'l
prime to fancy 8%. prunes SOs to 60s
<%012. 60s to 100s 4%$7, peaches choice
— . ... -v.. iv. ivvo i, nrs V.IIUIVO
to fancy 6% @7%. seeded raisins choice
to fancy 5% @6%
BRITISH TROOPS SLAIN.
LONDON. Aug. 12.—Official an.
nouncement was made at the War Of
fice that 50 British soldiers of a camel
corps were killed or wounded yester-
i*Uy in UtAUag in Africa.
NEW ORLEANS. Aug. IS— Precipl-
tation overnight in the west occurred
at a few isolated places only. No gen
eral rains yet. although it continues
generally cloudy over Texfis 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 is steady, but cables that
heavy hedge selling is weighing on the
market. Manchester cables: “Weaving
worse - Yarns slack. Lower unless bad
crop prospects.” Our market opened 2
points higher and advanced steadily on
small buying to cover on the absence of
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, how’ever, that the crop cond-
ton n Texas waa unusually hgh up to
that date.
NEW ORLEANS, Aug. 12.—Hayward
A Clark: The weather map shows most
ly cloudy In Texas and North Carolina,
generally fair over rest of the belt. No
rainH 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
and North Carolina, but little rain else
where.
F. M. Cordill wires: "Charlotte.
Greenville, Atlanta to Montgomery an
unbroken stretch of excellent crops in
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 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
<!e of the account of much attractive
ness.”
NOTED IN STOCKS
Street More Cheerful Over Cheap
Money Talk—Standard Rail
roads Led Advance.
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 *tnto 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
1.6Jh 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 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
possibly the best seller, supposed to be
for Wall street.
WEEKLY WEATHER REPORT.
NEW ORLEANS COTTON.
Closed steady.
THE WEATHER.
Conditions.
WASHINGTON. Aug. 12 —There will
be showers within the next thirty-six
hours in the 1-a.ke 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 W’ednesday.
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 to-night 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 W’ednesday.
METAL6.
NEW YORK, Aug. 12.—A steady tone
was shown in ail commodities at the
metal exchange to-day with the excep
tion of tin. which was weak. Copper,
spot and August. 1472%(u 15.85: Septem
ber and October. 14.95015.75; spelter.
5.7506 80; lead. 4.50, bid; tin, 41.00% ii
-Zinc, ^06
WASHINGTON, Aug 12—Mean tem
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 Rock. Ark., and there
was 5.66 inches at Minden, La.
By CHARLES W. STORM.
NEW YORK, Aug. 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 strong 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 Woolworth,
%; Steel common, %• United States
Rubber common, %; Union Pacific. %;
Amalgamated Copper. %; American
Can, %; Anaconda Copper, %; Bethle
hem Steel, %; Canadian Pacific, %;
Texas Company, %; Southern Pacific,
%; Reading, %; Pennsylvania Railroad,
%; Northern Pacific, %; Norfolk and
Western, %; Erie first preferred %, and
Erie common, %.
New Haven, which closed laPt night at
%. crossed par, opening at 100%.
St. Paul, which sold ex-divfclend,
opened at 107%, against 109% at the
closing last night.
The curb was firm.
Americans and Canadian Pacific in
I^ondon 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 w’eeks.
Gains 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 tip 1% to 155%, and sim
ilar gains wet-e recorded in Canadian
Pacific, Reading. St. Paul, Steel com
mon. Wabash common, United States
Rubber, Utah Copper ano Tennessee
Copper advanced more than % each.
Southern Pacific was 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-ehlgh 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.
CERERLS RENEW
UPWARD TREND
Grain Notes
Dry, Hot Weather Runs Shorts to
Cover—Com Feature in Ac
tivity and Strength,
ST. LOUIS CASH QUOTATIONS.
Wheat—No. 2 red
Corn—No. 2
Oats—No. 2
85% 087%
77%
41%
S 042%
CHICAGO, Aug. 12.—September com
w'as 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 d"uring 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 w'as up a little over lc.
The big corn market was chock full of
excited humanity, as many speculators
left the other pits to try their luck in
corn.
Wheat closed with gains of % to %c
and oats were up % to %c.
Provisions were lower all around.
Grain quotation*:
Low.
Previous
Close. Close.
85%
89%
94%
86%
89%
94%
85%
89%
94%
73
67%
69%
71%
66
67%
72%
67%
69%
71%
66 %
68
High
WHEAT—
Sept 86%
Dec 90%
May 96
CORN—
Sfpt ....
Dec
May....
OATS—
Sept
Dec
May
PORK—
Sept. . . . 20 75
Jan..... 19.00
LARD—
Sept... 11.22% 11.07% 11.17% 11.27%
Oct.... 11.27% 11.17% 11.25
10.60
42%
44%
47%
41%
44
46%
42
44%
47%
41%
44%
46%
20 47% 20.50
18.85 18.90
20.87%
19.20
Stock quotations:
72%
94
47
44
23%
34%
90%
28%
34%
93%
46%
44
23%
33%
89%
111% 111%
129% 129%
STOCKS— High.
Amal. Copper 74%
Am. Agricul
Am. Beet Sug. 28%
American Can 35%
do, pref. ..
Am. Car Fdy.
Am. | Cot. Oil..
American Ice
Am. Loeomo.
Am. Smelting
Am. Sug. Ref.
Am. T.-T. ...
Am. Woolen..
Anaconda ....
Atchison
A. C. L
B. and O
Beth. Steel...
B. R. T
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% 158%
Den. and R. G
Distil. Secur.. 14
Erie 29%
do. pref. .. 47%
Clos.
Low. Bid.
74Z
46
28
34%
93%
46%
44
22%
33%
67 %
Pret.
Close.
72%
46%
27
34
93%
46%
43%
22%
33%
66
37% 36%
97% 97%
122% 122%
129%
17
37%
9774
122
129%
97%
36%
90%
97
36%
89%
219%
24%
56%
32%
D7
35%
•39%
320%
57%
32%
36%
97
121
96%
36
89%
219
23%
56%
32%
29%
133
10%
10%
21
156
20%
14
29%
47%
Gen. Electric . 142% 142
G. North, pfd. 129%
36%
14
107
16%
62
27
24%
129
36%
14
105%
16%
61%
26%
24
SPOT COTTON MARKET.
Atlanta, nominal; middling 11%.
Athens, steady; middling 11%
Macon, steady; middling U%.
New Orleans, steady; middling 11%.
New York, quiet; middling 12c.
Philadelphia, quiet; middling 12c.
Boston, quiet; middling 12.30
Liverpool, easier; middling 6.4ld.
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; midd’ g 13%.
Memphis, steady; middling 11%.
St Louis, quiet: middling 12 6-16.
Houston, steady; middling 12c.
Louisville, firm; middling 12%
Charlotte, steady; middling 12o
Greenville, steady: middling 13c.
NEW YORK COFFEE MARKET.
Coffee quotations:
Januarv.
February. .
March. . .
April. . .
May. . . ,
June. . .
July. . .
AugURt . .
September.
October. .
November.
December.
Closed steady.
Opening. | Closing.
UTiif
9.260927
Sale**. 83,750 bags.
COTTON SEED OIL.
NEW YORK. Aug. 12.—The cotton
seed oil market was weakened hv liqui
dation in September and October and
then rallied on heavy covering of late
months.
| Opening. 1
Spot
August
8.7009.00 1
September . . . .
8.536 8.56
October . . . .
7.4607.50
November . . . .
6.6706.69
December . . . .
6.6906.62
January . . . .
6.5606.64 .•
*Ybruary . . .
i .55$ 6.68
March
6.59(S'6.68 |
Closed quiet: sales 17,100 barrels.
BAR SILVER.
NEW YORK, Aug 12.—Commercial
bar silver 59%c. MexTean dollars 47c.
LONDON, Aug. 12.—Bar silver steady
, At 27 Wt*L unchangM<v
134%
33
99%
G. North Ore.
G. Western. .
Til. Central...
Interboro ....
do, pref. ..
K. C. 8.. . .
M. , K. and T.
do. pfd
L. Valley. . . 153%
L. and N. . .136%
Mo. Pacific . . 33%
N. Y. Central 99%
Northwest..
Nat. Lead .
N. and W. ,
No. Pacific
O. and W. .
Penna 113%
Pacific Mail *. 22
P. Gas Co. . . 114% 114%
P. Steel Car . 25 25
Reading , .• . 162
R. I. and Steel 26%
do. pfd.. . . 87%
Rock Island . 19
29%
47%
141%
128%
35%
13
29%
47%
141
128%
35%
13
61%
26%
24%
59
152% 152%
16
61
23%
135%
33%
99%
130%
49
. 107% 106% 106%
. 113% 112% 112%
29%
113%
22
130% 130
49% 49%
30%
30%
113%
22
24%
160% 161%
30%
92%
26
80
do. pfd.. . .
8.-Sheffield. .
So. Pacific . .
So. Railway .
do. pfd.. . .
•Sft. PAul . . .
Tenn. Copper.
Texas Pacific
Third Avenue
Union Pacific 156
U. S. Rubber. 62%
U. S. Steel . . 65%
25
87%
18%
30%
25
89
19%
151%
133%
33
99%
129%
47
105%
112%
29%
113%
25
114
24%
160
24%
87
18%
91%
26%
80
108% 107%
31% 31%
28%
91%
2574
78
108%
31%
.... 16%
.... 36%
153% 155%
27%
92
25%
76%
109%
31
61
63%
do. pfd..
108% 108 %
Utah Copper.
V. -C. Chem. .
Wabash . . .
do. pfd.. . .
W. Union . .
W. Maryland.
W. Electric .
W. Central
•Ex-dividend, 2% per cent.
51
26%
6
15%
68%
50%
26%
5%
14%
68%
65%
108%
50%
26
5%
16%
86%
153%
63%
50%
108%
50%
26%
4%
14%
65% 64%
41
64%
STOCK GOSSIP
"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.
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-
, -out market movement."
Jan 10.65
RIBS—
Sept.... 11.00
Oct 11 00
Jan 10.05
11.35
10.62% 10.72%
10.90 11.00
10.97% 11.00
10.02% 10.05
11.02%
11 05
10.12%
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. Weatrier 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, llinois 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,
Iowa, raining; Omaha, cloudy, 84, no
rain; Bloomington, cloudy, 70, rained
yesterday, none last night, looks like
rain now; Terre Haute, cloudy, 74 above,
no rain; Peoria, raining, 75; Springfield,
Ill., raining, 75; Minfteapolis, cloudy, 66;
Bismarck, N. Dak., clear, 60; Hankinson,
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 prioee
t0 '"corn—The weather shows scattered
rains in Iowa Missouri and parts of Il
linois, hut none toi 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 Sep
tember pork had a very sharp rally
from the low point and looks like work
ing higher.”
Towa w’eather and crop bulletin sayst
"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 beer, 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.
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.
CHICAGO CASH QUOTATIONS.
CHICAGO, Aug. 12.—Wheat, No. 2
red, new, 86%0 87%; No. 3 red, new.
85%0 86%; No. 2 hard winter, new, 86
087; 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 yeliow, 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. 41041%; o’d, 41%@42; No. 4,
new, 40@41; No. 4 white, old, 40%@41;
Standard, new, 42042%; old, 42%@42%.
ST. LOUIS CASH GRAIN.
ST. LOUIS, Aug. 12.—No. 2 red wheat.
85%@87%; No. 3 red. 85%; No. 4. 83@
83V,; No. 2 hard, 84%@89%; No. 3 hard,
84088.
Corn, No. 2, 77%: No. 3, 75%; No. 2
yellow, 77%; No. a yellow, 77; No.. 2
white. 78%; No. 3, 77%.
Oats, No. 2. 41%@42%; No. 3. 41%;
No. 4. 40%; No. 2 white, 42%; Standard,
42% @42%: No. 3 white, 41%@42%; No.
4 white, 41.
PRIMARY MOVEMENT.
WHEAT-
1®13
1M2
Receipts
Shipments
1,538,000
783,000
I 1,238.000
j 1,499,000
CORN- 1 5
Receipts
Shipments
513.000
399,000
1 348.000
1 386,000
LIVERPOOL GRAIN MARKET.
LIVERPOOL, Aug. 12.—Wheat opened
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,
Overdrafts, secured and un
secured
U. S. bonds to secure circu
lation
U. S. bonds to secure U. S.
deposits
Other bonds to secure U. S.
deposits, $1,000.00; to se
cure postal savings. $5,000.
Premiums on U. S. bonds...
Bonds, securities, etc
Due from national banks
(not reserve agents)
Due from state and private
banks and bankers, trust
companies and savings
banks
Due from approved reserve
agents
Checks and other cash items
Exchanges for clearing house
Notes of other national
banks
Fractional paper currency,
nickels and cents
Lawful money reserve in
bank, viz:
Specie $113,876.00
Legal tender notes 57,000.00—
Redemption fund with U. S.
Treasurer (5% circulation).
494,666.61
819.55
500,000.00
18,000.00
15,000.00
5,000.00
54,760.00
31,341.57
119,157.6
445.160.82
36,350.45
59,564.04
30,000.00
7,951.55
170,876.00
25,000.00
Total $5,013,638.27
LIABILITIES.
Capital stock paid in
Surplus fund
Undivided profits, less ex
penses and taxes paid
National banks notes, out
standing
Due to other national hanks
Due to state and private
banks and bankers
Due to trust companies and
savings banks
Due to approved reserve
agents
Individual deposits subject
to check
Demand certificates of de
posit
Certified checks
Cashier’s checks outstanding
United States deposits
Postal savings deposits
Bills payable, including obli
gations for money bor
rowed
$600,000.00
400,000.00
211,336.69
500,000.00
13,699.89
204,446.38
78,108.20
37,801.69
2,570,816.78
63.136.58
1,648.80
6,123.87
25,000.00
1,519.54
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 mj' 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 T . H. KISER,
J. H. HOLLEMAN,
W. L. PEEL,
Director*.
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 buckets, 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, $5.26.
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.
8.80.
S rib bellies, light average, 14%c.
Good butcher pigs, 100 to 140, $8,250
8.60.
Light pigs, 80 to 100, $8 0008.25.
Heavy roughs and mixed hogs, $7 50
@8.00.
The above quotations apply to corn-
fed hogs; mash and peanut-fattened lc
to l%c under.
LIVE STOCK MARKET.
CHICAGO, Aug. 12.—Hogs—Receipts
17,000. Market slow and steady. Mixed
and butchers, $8.10@9.25; good heavy,
$8.7008.95; rough heavy, $7.80 0 8.50;
light. $8.9509.36; pigs, $6.4008.10; bulk,
$8.3508.95
Cattle—Receipts 4,500 Market steady.
Beeves, $7.2509.20; cows and heifers,
$3 2508.30; 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, $3.0004.70; lambs,
$4.7507.55.
ST. LOUIS, Aug. 12.—Cattle receipts
7,500, including 1,200 Southerns; native
beef steers, 5.50 0 9.00; cows and
heifers, 4.7508.50; stockers and feeders,
5.2507.60; calves, 6.0009.50; Texas
sters. 6.2507.75; cows and heifers, 4.25
@6.50; calves, 5.00@'6.00.
Hog receipts, 12.000; market 6 to 10c
lower; mixed. 8.800 9.20; good, 8.90@
9.00; rough. 7.76@8.00; light. 9.050 9.25;
plgp, 6.500 9.00; bulk, 8.850 9 15
Sheep receipts. 6,000; market steady:
muttons. 3.25@4.00; yearlings, 4 75@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
Overdrafts, secured and
unsecured
U. S. bonds ta secure cir
culation
U. S. bonds to secure U. S.
deposits, $150,000.00
Other bonds to secure U. S.
deposits, to secure postal
savings, $8,000.00
Premiums on U. S. bonds
Bonds, securities, etc
Banking house, furniture
and fixtures
Due from national banks
(not reserve agents)
Due from State and pri
vate banks and bankers,
trust companies, and
savings banks
Due from approved reserve
agents
Checks and other cash
items
Exchanges for clearing
house
Notes of other national
banks
Fractional paper currency,
nickels and cents
Lawful money reserve in
bank, viz:
Specie $ 50,080.00
Legal-t ender
notes 184,558.00—
Redemption fund with
U. 8. Treasurer (5 per
cent of circulation)
Due fbom U. S. Treasurer
$5
126,379.23
2,372.03
,000,000.00
150,000.00
8,000.00
5,750.00
169,765.00
68,118.33
160,415.48
75,207.74
490,477.94
6,599.12
86,789.18
69,310.00
1,662.66
234.638.00
60,000.00
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 hankers
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 depobI*/< ....
Postal savings depoaitn...
Deposits of U. S. disburs
ing ofTlcers
Bills payable, including
obligations for money
borrowed
STATE OF GEORGIA—County of Fulton, ss:
.V . I '.» en r y w - Davis, cashier of the above-named bank, do solemnly swear
that the above statement la true, to the beat of my knowledge and belief.
HENRY W. DAVIS, Cashier.
Subscribed and sworn to before me this 12th day of August 1013
HENRY A. PURTELL, Notary Publlo.
Correct—Attest:
JOHN E. MURPHY,
MELL R. WILKINSON,
FREDERIC J. PAXON,
Directors.
PORT RECEIPTS.
The following table shows receipts at
the ports to-day compared wiin the
same day last 3 ear;
1913.
1912.
New Orleans. . . .
101
147
Galveston. .
4,047
5,035
Mobile
20
Savannah
&
232
Norfolk
7y
Boston
7
Total
4.988
5,500
INTERIOR
MOVEMENT.
1913.
1912.
Houston
2.214
2,078
Augusta
180
265
Memphis
334
27
St. Louis
39
10
Cincinnati
117
86
LOWRY NATIONAL BANK
Capital $1,000,000
Surplus $1,000,000
Safe Deposit Boxes
Savings Department
Total.
2,884
2,466
UISVILLE
THROUGH SLEEPERS
L>u;12AiL.il liPM.
I I
4
I* f
$1,000,000.00
1,000,000.00
257,644.42
1,000,000.00
94,795.05
241.021.69
31,078.59
167,212.09
48.00
3,146,334.21
100,837.18
8 Jl.63
6,935.42
131.602.72
2.600.22
21,152.39
500,000.00
Total $7,680,384.81