Newspaper Page Text
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A J1~Tj J\ X A A VJ ftUIVaj-AiX /\i\ U Dl I'j vv o
II
S SON
F
Steel Magnate Says the Young
Man Has Risen to the
Situation, *"
Special Cable to The Atlanta Georgian.
LONDON, Aug. 18.—Henry C. Frick,
who ip staying at the West End
Hotel, broke his rule of never giving
an interview in favor of the H-earst
papers.
“Whom do you regard as the late
Pierpont Morgan’s successor in the
financial world?" he was asked.
"I think his non,” answered Mri
Frick.” He is a most able man. a
highly conscientious, great worker.
In taking over the reins he has cer
tainly risen to the occasion, and sit
uation. I have the utmost confidence
in him and believe he will wear his
father's mantle with the greatest
credit to himself and to the country
generally.”
"What do you think of the general
bumneest conditions in America?”
“I am an optimist. I am always a
firm believer in our country. I see
absolutely no reason for alarm Ht the
present moment. A general feeling
of hopefulness seems prevalent. The
crops promise well, and good, aver
age crons should give a strong im
petus to trade and insure continued
prosperity.”
“What, in your opinion, is most
needed to give business a boost?”
“The one greatest need is for a let
up in Governmental lawsuits and in
terference which continually threaten
capital and inevitably create a at
mosphere of general uncertainty and
mistrust.”
“What do you think of the effects
of the tariff bill?”
"I don’t believe it will lead to any
great business disturbance. Its ef
fects have been largely discounted,
and our country is big and prospers
ous enough to quickly shake off any
unexpected evil result.”
“Can you say anything about the
new currency bill?”
“I have not made a special study of
tt, but I believe it must, in any event,
be an improvement on the present
system.”
COTTON
BETTER TRADE IN DRYGOODS
THIS YEAR THAN YEAR AGO
COTTON GOSSIP
NEW YORK. Aug. 18.—Trading was
extremely active at the opening of the
cotton market to-day and first prices
were 14 to 17 points lower than the clos
ing quotations of Saturday. Reports
Were coming from private houses that
light rains had oocurred throughout Ok
lahoma and Texas late Saturday. This,
coupled with extremely weak cables,
was responsible for the lower opening.
The market was without suport at the
decline. The ring was apparently long
and were throwing cotton over from the
general selling that was going on. Wall
Street and many of tne large spot
houses were also noticeable sellers.
Liverpool was aid to be down on the
rains reported from Texas and was sold
from this side. After half an hour of
trading prices showed further recessions
of Z to 5 points from the initial range.
During the forenoon the market de
veloped a better tone through rather
free buying from certain strong inter
ests. based on special telegraphic re
ports on Texas rainfull and weather
conditions, which was considered rather
bullish. Price movement ranged a few
points better than the opening range.
11,1)1 Prev.
lOpenlHigh'Low Nhopi Close.
.I'll
com
65111.
58
11
65 11
74
7i
.in
28,11
ifo'ii
26
11
26111
39
41
.11
07111
10 11
04
11
08 11
19
20
....
..!..
. .Ill
10
12
'.io
99-11
0310
45
io
89; 11
12
13
TO
85T0
91 i 10
85
10
89111
02
03
...11
04
06
!lio
93111
00|10
93
ii
00 1
08
09
.10
99|11
02J10
98
li
03iU
11
13
Aug. .
Sept. .
Oct.
Nov. '.
Dec. .
.Ian.
Feb.
Mch. *.
May .
NEW ORLEANS COTTON.
1.1 ! I ! Prev.
lOpenIHigh ILowINoonl Close.
Aug, . .
Sept . .
Oct. . . .
Nov
ii'.03
ii!o9
.* | [ j |
ii’.oi
111.63-64
|11.23-25
11.06 11.18-20
11.15-16
Dec. . _ .
Jan. . ’ .
Feb . .
11.01
11.00
11.08
11.07
ii.oi
11.00
11.03:11.17
11.05111.17-18
11.15-1-
Mch. . .
11. Hfll.lUU. 13 11.33-35
Marshal! Field & Co, in their weekly
review of the dry gobiis trade say:
Buyers have been in the dry goods
market this week in much larger num
bers than during the same period a
.\ear ago. Merchants are ordering for
ward their fall lines and filling in their
stocks thoughout all departments. Buy
ing has proceeded with precaution In
individual oases, but retailers generally
are so much In need of merchandise for
immediate requirements, that the total
volume of shipments is keeping up re
markably well.
“Much needed rains have brightened
the prospects for a good fall business
in a large portion of the territory that
was feeling the drouth.
"Silks are a big item of the trade at
present and practically all buyers in the
market are p'acing orders for this class
of merchandise in liberal quantities.
"Judging from the extraordinary de
mand that has developed and In view
of the serious labor troubles that have
prevailed for some time in the silk in
dustry, there will be a scarcity of all
kinds of silks before the season is fa
advanced.
“The sale of black silks has Improved
greatly within the last few weeks
LIVE STOCK MARKET.
CHICAGO, Aug. 18..-— Hogs— Kec. ...
3*,000. Market 10c to 15c higher. Mixed
and butchers, $7..70Og,9j»; good heavy,
l8.25@-8.7o: rough heavy. *7.Sofa 8.20;
light, $8.50@9.00; pigs. $6.25®>7.85; bulk,
|7.75© 8.70
Cattle—Receipts 18.000 Market 10c
higher. Beeves, $7.25<&9.15; cows and
heifers. $2 25@8.35; stockers and feed
ers. $5.75fa 7.70; Texans, $6.75@8.15
! calves. $9.50©>I1.2ft.
Sheep—Receipts 22.000. Market
steady. Native and Western, $3.00© 4.80;
lambs, $4.50©)7.65.
RATE INCREASE SUSPENDED.
WASHINGTON. Aug. 18.—The Inter
stale Commerce Commission to-day sus
pended an Increase of 60 per cent in
rates on flour and other grain prod
ucts over the Illinois Central Railroad
from St. Louis. Mo., and joints in Illi
nois, to New York City.
LIVERPOOL COTTON MARKET.
LIVERPOOL, Aug. 18.—This market
was due !%• to- 4. points lower, hut
opened ea,sy at a net decline of 7% to
8 points decline; at 12:15 p. m., the
market was quiet, at a net decline of 8
to 9 points. l*ater the market declined
1 to Uj points from 12:15 p. m.
Spot cotton in moderate demand at 6
points decline; middling 6.45d; sales 7,000
bales, including 6.2(H) American; imports
1.000, of which all were American.
At the close the market was quiet
with prices at a net decline of 9 to 10%
points from the closing quotations of
Saturday.
fc'uiuros opened steady.
Opening. Prev.
Range. 2P.M. Close. Close.
.6.19 6.19 6.I8V2 6.27*4
.6.13V, 6.10*4 6.11 6.20*4
'*.03 6.00*4 6.01 6.11
Aug. . . .
Aug.-Sept.
Sept.-Oct.
Oct.-Nov.
Nov.-Dec.
Dec.-Jan.
Jan.-Feb.
Feb.-Mch.
Mch.-Apr.
Apr.-May
May-June
June-July . .
dosed quiet.'
.6.00 5.99 5.97*4 6.08
.5.94 5.95*4 5.92*4 6.02
.6.94 5.94 5.92*4 6.02
.5.95 5.94 5.93 6.03
.6.96- 5.95 5.94*4 6.04*4
.5.98 5;90*4 5.96*4 6.05*4
.5.98 5.#6*4 6.06*4
.6.00 5.97*4 5.97*4 6.07%
6.00 5.97*4 6.07%
BAR SILVER.
LONDON, Aug. 18. —Bar s
at 27%d.
STOCK GOSSIP
to-day. Expect higher prices an.
would keep ions of Fnion Pacific. Cor
per, Beading and Steel.—U. D. Potter.
* * «
The proposed consolidation of th%
Tuolomne and Butte Main Range Min
ing companies is off. At a meet!
erty. The directors of the
Company are scheduled to r
to consider the proposition.
Browne, Drakeford & Co., Liverpool,
cable: “Market declined, in consequence
of general favorable, weather reports.
Bulla disappointed.”
• * •
The volume of retail buying in the
local cotton goods market last week in
most houses was substantially ahead of
a year ago, according to The Journal of
Commerce. There is an absence of
speculative buying and great caution is
being exercised, yet total requirements
for merchandise are becoming formida
ble, and it seems as if the retail trade
has liquidated in the past six months
more than in any recent similar selling
period. Any broad buying for future ac
count in the cotton goods markets
jqould •bring on a sharp advance
• * *
The course of the cotton market dur
ing the week depends entirely on the
weather news. It was the gossip among
ring speculators late Saturday that if
rains should come it would undoubtedly
bring out selling and lower prices would
follow. On the other hand, the bulls
contend if rains should not come we
should expect some 30 to 40 points ad
vance during the next few days. There
was some selling Saturday on predic
tions by Kofler, of New Orleans, that
Indications pointed to rains over SiTn-
d&y« but this was entirely ignored by
the bulls, who were buyers right up to
•Tf the volume of trade was larger
the marker would make a better rfe-
Bponse to newa,” remarked a conserva
tive Saturday, “but it Is restricted in
fill directions by the last threat of
drouth in Texas and Oklahoma, and
for the great part of every session the
maskobla a, 'very tame affair.”
• * *
Borne ..of •Che most radical bears say
that we could wipe out Oklahoma al
and still make a big crop.
TOatghlngfcon makes a special predic
tion for rainy weather this week in the
fMUXhWQStem States.
I Antonio, Texas, wires good rains
reported at Ardmore, McAleeter, Waco,
•Taylor. Austin* Yoakum, Cuero and Vic
toria; light showers Dallas, Fort Worth,
Boilton; sprinkle at Temple, Ban An-
“ ‘ | WD&thao unsettled.
COTTON MARKET OPINIONS.
Miller & Co.: It continues a weather
market.
Charles Fairchild Co.: We would
be inclined to buy and hold for much
higher prices.
Orvls Bros. & Co.: An undue risk
attaches to the short side at present
prices.
Logan & Bryan: Beneficial rains will
doubtless result in lower prices.
Steamboat Burns
Mississippi Riyer packet Bob Lee, Jr.,
operating between Memphis and Ash
port, was burned early to-day at tht
Memphis* wharf.
J. S. Parker, steward, was buraei
seriously. Part of the crew jumpec
into the river and waded ashore.
STOCKS
NEW YORK STOCK MARKET.
Stock quotations to noon
Previous
STOCK— High
IjOW.
Noon
Close
Amal. Copper. 74%
78%
74%
73%
j
Am. Beet Sug. 26
26
26
26
American Can 34
34
34
33%
Am. Car Fdy.. 47
47
47
45
Am. Smelting. 69%
68
67%
Am T.-T. . . . 130
ISO
130
129%
Anaconda .... 37
36%
36%
36%
Atchison 96%
96%
96%
95%
B. and 0 97
97
97
96%
Beth. Steel... 35%
35
35
34 %
B. R. T 89%
89%
8» %
88%
Can. Pacific.. 219%
219%
219%
218%
C. and 0 56%
56%
5614
56 S
Colo. F. and I. 32%
32%
32%
30%
Erie 29%
:«%
29
28%
do. pref. .. 47%
47%
478.
46%
Gen. Electric. 145%
144
144V»
142
G. North, pfd. 127%
127%
127%
126
Interboro .... 16
16%
15%
15%
do. pref... 62%
60%
60%
60
K. and T 23%
23%
23%
23
Lehigh Valley 153%
153
153
151%
Mo. Pacific.... 31%
sits
31%
31%
North. Pacific. 111%
111%
ms
111%
Pennsylvania. 113%
113%
113%
112%
Reading 161%
160%
161
160%
K. I. and S. pf. 88%
88 V*
88%
87
Rock Island.. 1.8%
18
18%
17%
do, pref. .. 28%
28%
28%
28
So. Pacific.... 92%
92%
32%
92%
.So. Railway.. 25%
25
26%
24%
St. Paul 107%
107%
107%
106%
Tenn. Copper. 31%
31%
31 S
31%
Union Pacific. 164%
188S
154%
158%
U. S. Steel.. . . 64%
63%
63%
62T4
Utah Copper. 51%
51
51%
50%
West. Electric 73%
73
73%
72
MINING STOCKS.
BOSTON. Aug 18.
—Alaska, 19 Vs
; Cop
per Range. 4U; Shoe
Machine, 60%; East
Butte, 12%.
Wilson’s Appointee
Attacked in Senate
WASHINGTON,
Aug. 18,—It
is un
derstood the nomination
of Preston
McGoodwin, of Kentucky,
to be
Min
later to Venezuela
will
be rejected
by the Senate Foreign
Relations
Committee.
Democrats oppose him on the
ground that he is
not a
Democrat.
Republican members say
they car6
nothing about his
politics, but the
nominee is not fitted for
the post.
BIG SWEET POTATO
YIELD.
VILA IMA, Aug.
18.—The Toombs
County soil and climate are ideal for
sweet potatoes was clearly demon
strated by Farmer Joe Todd, who has
just disposed of his experimental acre
of potatoes at $1.25
per bushel,
which
price netu him about *187.50 on the
acre.
$1,203 DOG CROP IN
BUTTS.
JACKSON, Aug.
18.—Until the tax
digest w'a* gone over It
was
never
dreamed that Butts County
had a
dog crop worth $1,203. It
was
feared
but few dogs would be returned for
taxation sine© the
repeal
of the dog
tax law.
GRAIN
CHICAGO GRAIN MARKET.
WHEAT
Highs. Low.
CORN-
87 V*
91
95%
OATS —
69 3*
70%
43%
48%
49
RIBS —
20.80
19.35
It.25
11.30
10.75
20.
10.
11.
11,
10.
87
90%
95%
74%
68 %
69%
42%
45%
48%
'7%
Previous
Noon, ("lose
87
90%
22%
25
75
11.12*4 11.
10.22*4 10
43%
45%
48%
20.80
19 32%
11.22*4
11.27%
10.75
11.10
10.17%
20 70
10.12%
11,15
11.70
10.67%
11.10
11 02%
10.12%
Grain Notes
J. R. Williston & Co. have made up
an estimate of the wheat crop of the
United States and Canada for the cur
rent year. They say: "it looks at the
moment as if the total wheat crop of
the United States and Canada will be
65,000,000 bushels less than last
year, or a total of 871.267,000 bushels,
against 936.267.000 bushels In 1012
For the United States alone the crop
will be about 25,000,000 bushels less than
last year, resulting from an increase
in winter wheat of about 75,000,000
hushels and a decrease in spring wheat
of 100.000,000 bushels, making the total
United States crop this year about 705.-
•0 bushels, as against about 730,-
000,000 hushels last year. Canada raised
206.000 000 bushels last year. Latest re
ports indicate a loss of about 40,000,000
bushels "
Broker Tries Suicide;
Saved by Pulmotor
NEW YORK, Aug. 18.-%-Harrv Lat-
timer Bloodgood, broker and society
man, attempted suicide by gas, but
was saved from death by the u?»e of
a pulmotor.
Bloodgood was found In his home
with his face covered by a large tin
funnel attached to the end of a tube
through which gas was flowing. He
was seemingly lifeless. The pulmo
tor soon revived him.
Bloodgood is a brother-in-law of
Clara Bloodgood, the actress who
killed herself in Baltimore a few
years ago.
BIG CAMP MEETING CLOSES.
JACKSON, Aug. 18.—-Sunday night
marked the closing session of the In
dian Springs Holiness camp meeting,
and what was generally declared to
have been the most successful meet
ing in the history of the association.
BUTTS COURT SITS.
•JACKSON, Aug. 18.—Butts County
Superior Court was convened for a
weeks’ session this morning. Import
ant damage suits and criminal cases
are docketed.
fmefcon
“Temperatures near the season -
ile average, with local showers and
leratorms Indicated for the south-
TO. State* during the coming week,
indications at present time of dis-
>dn [West Indies.”
* • *
^J^Hegne-pb oompanies report rains fell
tg&r Sunday In Dallas, Houston, Fort
San Antonio, Austin, Granger,
Hubbard, Okla., Weatherford,
Inins hard Galveston,
• * m
Thai- early weather map shows cloudy
0*er the southern half of Texas and
jEastem Tennessee; fair elsewhere; .70
at Taylor, Texas; little precipitation in
the central and eastern States, but de
tailed Government records will show
tnuch more rain, as they comprise rain
fall of Saturday. Temperatures are
er and indications are unsettled to
wers in the western States; general-
fair^ovei; the central and eastern
The New Orleans Times-Democrat
herewith presents the reports of its cor
respondents as to the condition of the
crop on August 12. The consensus of
□pinion is to the following effect:
“1. With the exception of Texas and
Oklahoma, distinct improvement has
been the rule. The two States just
hamed have suffered from drouth and
excessive heat, and the deterioration
has been considerable.
"2. The crop has been exceedingly
well cultivated and the result begins to
be manifest.
“3. The boll weevil has been active in
many districts, but the farmers have
waged a vigorous campaign against the
pest, and the damage does not appear
to have been important, except in cer
tain parts of Southwest Texas
"4. The supply of labor Is generally
said to be sufficient and no trouble is
expected on this Ac ore.
”5. Most correspondents report that
farmers are inclined to sell at current
prices at least enough of their crops to
put them oui
Important to Business Men
Circulation Statements Made to the U.S. Gov’t.,
Showing Relative Standing of N. Y. Evening Newspapers
In accordance with a Congressional Act of August 24, 1912, every newspaper is compelled by law
to print, twice a year, its net paid daily average circulation. In order that every business man
may know the true newspaper situation in New York we reproduce below the circulation state
ments made by each of the evening newspapers to the Government. This is the first time, in
some cases, that advertisers have been able to find out what they are really getting for their
money, and the statements published befow should prove interesting reading to all business men.
Net Paid Daily Average Circulation
L 715,860
The Largest Daily
Average Circulation
of Any Newspaper
in America.
The Evening World QC£ The Evening Journal’s
A „ ® r \ V OODeU I O «««!•«•" EXCEEDS the Evening World’,
Net Paid Daily Average Circulation 7 *787
One advertisement in the Evening Journal is worth 3 in the Worid.
The Evening Telegram 153 856
Net PniH Dailv Averafie Circulation 7
Net Paid Daily Average Circulation
One advertisement in the Evening Journal is ■■worth $ in the Telegram.
The Globe
Net Paid Daily Average Circulation
One advertisement in the Evening Journal is worth more than 5 in the Globe.
1 QH £0/1 The Evening Journal’s
JL0\J)0£d L k circulation EXCEEDS The Globe’s by
585,336
The Evening Mail 120,904
Vat Pui J Hoilv AvpraOP ( -1 mi mil Oil ’
Net Paid Daily Average Circulation
One advertisement in the Evening Journal is worth 6 m the Mail.
The Evening Sun 104,396 circulation EXCEEDS the Evening Sun’s by
Net Paid Dailv Averafie Circulation 7 611 464
Net Paid Daily Average
One advertisement in the Evening Journal is worth more than 6 in the Sun
The Evening Post 29,400 circulation EXCEEDS lb. E.ening Post s by
OneJS&Stt.’SSl_ 686.460
THE NEW YORK EVENING JOURNAL
Has the Largest Circulation and the Lowest
Advertising Rate Per Thousand Circulation
“Nothing Succeeds Like Circulation’’
RM
This beautiful Ameriean Flag, the very latest, with 48
stars, made of fine bunting.
Out out Coupon below, and bring to THE HEARST’S
SUNDAY AMERICAN and ATLANTA GEORGIAN Gf-
fice, with 90 cents, and secure one of these beautiful flags.
THIS COUPON and 90c entitles the holder to an American Fla/;, 5 foet
by 8 feet, when presented at our offices,
HEARST’S SUNDAY AMERICAN
THE ATLANTA GEORGIAN
20 EAST ALABAMA ST. S5 PEACHTREE ST.
Flags will be mailed at an additional charge of 10c for postage.
J
Every man is proud to say he is an American, and it is
bis duty to see that “Old Glory is flung to the breeze” on
every appropriate occasion.
See that you have one of these flags at } r our office or at
your home.
Take advantage of this offer.
HearsfsSunday American
and
\
Atlanta Georgian
20 East Alabama Street 35 Peachtree Street
ATLANTA, GA.