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SATURDAY, JULY 4. PREPARING FOR FUNERALS OF 3 No Doubt of Bennett’s Insanity By His Letters Giving Details of His Terrible Crime. Atlanta, Ga. —Preparations for a .triple funeral today marked the clos t,iff chapter in the strangest crime Atlanta has known in its history, and one which has set the whole state to talking. The triple tragedy of East Point, a suburban town, will long be remembered because of its grewsome phases. Edgar Alan Poe could hardly have conceived a weirder plot than that revealed in the notes left by S. F. Bennett after he had slain his wife and her mother and w’hile he was preparing to kill himself by their sides. It is evident that Bennett, driven frantic by the “mother-in-law’" trouble and the meddlesome tongues of others had plotted his crime for some time. The tragedy began at 1 o’clock Wed nesday afternoon, W'hen Bennett led his young wife to a secluded spot in the woods several miles from the city, forced her to drain the contents of a bottle of carbolic acid, and then choked her. Its second stace was Thursday morning, w’hen Bennett lured his wife’s mother to the same spot, show ed her the body of her daughter which had lain there all night, and then placed a shotgun against her breast and killed her instantly. The tragedy reached its climax at dawn Friday, when Bennett, after sleeping all night between the two corpses, tied a string to the trigger of his gun and blew liis own soul into eternity. That Bennett was insane can hard ly be doubted. It is proved by the terrible details of his crime and their relentless execution. He chatted freely with relatives of the two wom en after he had slain them, and be tween the murders sat down and wrote letter after letter to various persons, exulting over his crimes and explaining in detail why he committed them Bennett was from Boganville, and of a well to do family. He leaves five orphaned children, some of them having been in the Home for the Friendless for some time. They were by a former wife. He married the murdered woman, who was Miss Flos sie Tolbert, but a short time ago. Harvard Won the Grand Challenge Rowing Cup Henley-on-Thames, Eng, —The Harv ard University second eight today cap tured the grand challenge rowing cup by besting the Union Boat Club of Boston in the final heat of the royal regatta. At the Casino This afternoon-and tonight a con? tinuous snow is going on at'the Lake View Casino. It was expected that "Tile Fourth” would draw a record breaking attendance to the Casino. Manager E. L. Benson, of the house, has made ail arrangements to take ere of the crowds and to provide for the comfort and convenience of his patrons. "Brother Against Brother” is the drama that is being presented. It is one o. tlie most thrilling of the com pany's repertoire. It has been seen elsewhere, almost exactly the same production, at prices of a dollar and a dollar and a half a seat. It is safe to say that today there will be hundreds to take advantage of the attraction at the Casino and also the free features at the Lake today and tonight. The fireworks display on the lake, beginning at 8:30 p. m., will be the greatest spectacle of its kind the park management has ever offered, and it Is predicted that there will be more people out there tnis evening than have attended before in many years. SEA GULLS PLAY DOUBLBE HEADER—RAIN STCPPED THE FIRST GAME Charleston, S. C.—An inch of rain fell here in forty minutes this morning, shortly after the baseball game between Charleston and Macon started, and the first contest of the day had to be call ed off, a double-header being: announced for this afternoon, weather permitting:. Rain fell in torrents, accompanied by thunder and lightning. JOY RIDERS CRASH INTO PRIVATE CAR; BAD JOLT A Fourth of July party of joy-riders going at a brisk rate out Marbury Street this morning at 10:45 ran into s car containing Mr. and Mrs. Sam Martin and Mrs. Miller Robertson, Mrs. Martin’s sister, with her little child. Mrs. Robertson was thrown violent -- against the side of the car and hurt her arm painfully, though not se riously. The other occupants escap ed with nothing more severe than a bad Jolt. Mr. and Mrs. Martin were on their way to the depot to see Mrs. Robert son off to the mouiitains on the 11 o'clock C. & W. C. train. Fortunately the accident happened near enot£h to t'ije station Tor thpm to make Bie train, the motor being able to proceed at a snal's pace. The left back fender Is twisted out of recognition and the spring on that side nroken in several places. There are also injuries to the wheel. Mr. Martin said that he knew the parties driving the other machine, but did not state who they were. JIMMY CLABBY IS WORLD'S MIDDLEWEIGHT CHAMPION Sydney, N. S. —Jimmy Clabby of Ham mond. Ind., last night won on a foul from Fiddle McOoorty of Oshkosh. Wls., the till.. of world's middleweight champ. lon. The foul occurred In 'he eight,i round. The battle was hard fought from the beginning. NOT SO SOON. "Say, have you forgotten that you owe me a hundred francs? "No, not yet; give me time. Pele •Meie. MINISTER M AT WASHINGTON Argentine Mediator Returns to Capital For Conference With Constitutionalist Leaders. Washington, D. C. —Minister Naon, of Avgentina, one of the mediators at the Niagara conference, returned to the capital today and prepared for confer ences with leaders of the Constitution alist agency. Later he will confer with President Wilson and Secretary Bryan. His conferences with tlie Constitution alists had not been arranged but they probably will be held early next week. While General Carranza is canvassing his generals on the proposal to send delegates to treat with emissaries of Huerta Mr. Noan will do what may be possible to help along a conference from a settlement of Mexico’s difficulties by Mexicans. Minister Suarez of Chile and Ambassa dor Da Gama of Brazil will not return to Washington until later but they will be kept in touch with the situation through Minister Naon and American delegates who have been instructed to wait here for further developments. Agents of the Constitutionalists said they had received no further messages from Gen. Carranza today and no indi cation of the progress of the conference to adjust the differences between Car ranza and Villa. EXPRESS MESSENGER ACCIDENTALLY SHOT While Opening Safe in Office on Jackson Street This Morn ing, Mr. D. DeC. Macmurphy Slightly Wounded in Leg. m Mr. D. de Cotters Macmurphy, of 520 Ellis street, an express messenger tun ning between Augusta and Florence, S. C., on the Atlantic (Toast line, was shot in the left leg at 9:15 o’clock this morn ing by the accidental discharge of his own revolver while in the office of the Southern Express Company on Jackson street. Mr. Macmurphy was taken to the of fice of Dr. W. H. Doughty, which was near by, and there it was found that the bullet had inflicted only a flesh wound of no serious nature and had not entered the limb. The flesh was slightly torn just i above the knee-cap. The wound was dressed and the young man walked to Ills home. It is understood that he will be forced to loose no time from his work on account of the accident. Shortly alter the arrival of the Coast Bine train this morning Mr. Macmurphy went to the express office, as usual, preparatory to checking in after his run. He had opened his safe, a good sized metal box, and as he pulled a pouch out, in some manner jerked his revolver from the box. It dropped several feet to the floor and exploded, the ball striking an. iron vault in the office, glacing off and hitting him. The leaden bullet was picked up off tile floor flattend from the compact. OBSERVING BIRTHDAY OF THE NATION (Continued from Page 1.) casional pop of a fire cracker or blank cartridge recalled other Fourths be fore the bail was placed on noise makers. With safety and sanity as the chief aims. Fire Commissioner Adamson enlisted the aid of police to make it s fireless holiday as well. Not a single fire works permit has been is sued by the fire department. Noise Missing. Chicago.—This was the most sane of Chicago’s sane Fourths. The old noises of explosives, the rumble of ambulance and the linging of gongs marking activities of the fire depart ment were conspicuously missing. Even oratorical demonstrations were at a low ebb and the program of sports were meagre. In Carnival Style. Savannah, Ga. —With three thou sand excursionists in the city Troin inland towns, Savannah celebrated the Fourth in carnival sjyle. Flags hung from all the office buildings; every Btore in the city was closed, baseball, games in the morning and afternoon, yacht races at Thunder bolt and Isle of Hope, the surf and fishing at Tybee, furnished plenty of amusement for the holiday. X A Big Day. Charleston, S. C. —Morning and af ternoon baseball games. Isle of Palms sports, a union printers’ picnic, and fishing excursions offered Charleston a big day. Thousands went to the Isle oT Palms for the surf and holiday amusements. The weather this morning was a hit uncertain, hut plenty of heat was assured. The negroes of Charleston started early on watermelon feast b. Jacksonville. Fla.— A municipal cel ebration held in a downtown park place marked the local Fourth of July festivities. Thousands gathered here where patriotic speeches were made by prominent citizens led by Mayor Swearingen. Another celebra tion Is being held at. the ocean beaches where sthietic sports, an automobile parade arxl automobile races were the features. City orili nances were strictly enforced .--gainst dangerous fire works and so tar as noise is concerned the day Is little different from any other. Sports at Columbia. Columbia, S. C. —Two baseball games, an automobile hlll-cllmblng contest and the campaign meeting of candidates for state offices furnished the only amusement here today for the Fourth of July crowds. Practi cally every store and mill was closed and business was at a standstill. A Dead Issue. Charlotte, N. C. —Patriotism was a dead issue today so far as this city wsb concerned, not even a baseliall game was played to remind the citi zens of the nation’s birthday. Ixical celebrations were held at I.tncolnton, Monroe, Reidsville and Statesville. Secretary Bryan being scheduled to speak at the two latter places. ON THE SHUTE. Oabe—He says he Is a descendant of a great family, Steve —Ves. and he Is still descend ing.—Cincinnati Enquirer. A horsy man and a nagging womaa make a well matched ipair. BETTER PROSPECT OF SEEIMG RUSSIAN BALLET i ■■ - ■o9■■ Hi • vi siw • -gj OTTO H. KAHN. London. —New York now has a better prospect of seeing the Russian ballet from the Imperial Opera house of St. Petersburg than it ever had since this company electrified Paris and London. Otto H. Kahn, the American banker, was present at one of the performances of the ballet at the Drury Lane Thea tre, where the Beechams are conducting a combined opera and ballet season, and was so impressed that he came to the conclusion that New’ York must, at all costs, have the opportunity of seeing the troupe in its entirety. He communicated his view’s to Guilio Gatti-Cassazza. RAMIFICATIONS OF SPI SYSTEM The French and German Secret Serv ic e Inconceivable to Americans. Lures Through Advertisements. Paris. —It is difficult to convey to tho American reader any adequate idea of the ramifications and magni tude of the spy system in operation on the Continent of Europe. While it is admitted that France lierself has her own elaborate secret service, It is generally known that it is by no means equal to that of Germany. The Teu tonic network of secret agencies is simply amazing. Recently at Rheims a youth was arrested on a charge of espionage but released on proving that he had been lured into the toils of an agent provocateur, who had inserted the following alluring advertisement in a local newspaper. “Representatives required for easy work, good commission, no specfcil knowledge: write, with reference, I, P., 305 Poste Restante, Central Office. Basle.” Willing Slave. In reply the young man received a request to furnish some information of a simple nature for which he was paid handsomely. Fortunately for him, he was arrested before he had compromised himself to such a degree that the mere threat of being de nounced to the French police would have rendered him the willing slave of the German secret intelligence bu reau. Up to five years ago Metz was the headquarters of German espionage for France, but since then, in consequence of certain revelations, the general staff has split up its bureaus. The chief one Is now at Basle in Switzerland, at its bead being Major von Rock, of the Eighth Bavarian regiment, whom French spies only know as “Paul Lo poldus” and who directa operations in the branch offices of Frankfort, Strasburg, Luxemburg, and even at Nancy. Captain Schultz, who is in charge of one of thees branches, was the man French spies addressed as “Madame Ernestine Milon” at Metz, but the postoffice authorities were in the secret, and the captain received such correspondence without difficulty or delay at his residence at Treves. Another Branch. Another branch is in the hands of the famous Schwartz, who was once a French police commissury. Schwartz resides near Thionvllle. but he spends most of ills time In France, and al though he has yet to serve a sentence of five years for espionage, the police never quite succeed in catching him. Yet he is never far from Nancy, for the 2((th Army Corps is his especial study. In order to correspond with his em issaries he used picture postcards largely. < inly too late the French cabinet nolr discovered that by steam ing the stamp and removing it some such information as tills would have come to light: “A. 8., 159,300. This meant "A. 8., Register No. 159, re quires 200 francs.” The postmarks told where the correspondent was. Yet another form of espionage has Just come to the notice of the l-Yonch military authorities but how the meth ods employed in thU case are to ben efit the rival power responsible for them Is not quite clear. Given Reward. The scene of the discovery is Con stantine In Algerln, where desertions from the French army become so pro lific that suspicion whs aroused. {X was finally discovered that a desertion agency was in operation and It Is al leged that it was subsidised by a for eign nation. When a deserter proved to th<- agency that he had quitted hja military duties he was given a re ward varying from fifty to one hun dred dollars and shipped to some near port in Europe but outside Franch. It Is stated here that many soldiers Implicated in the affair have been put under arrest pending further Investi gation by special police sent from I’arls, who say that they have already discovered the wherobouts of the principal of the bureau, who is a ci vilian. THE AUGUSTA HERALD, AUGUSTA, UA. Costs Georgians Money to fish in the State of South Carolina Licenses Are $5 Each and Violations of the Law Might Get Some Georgians in Trouble With Carolina Wardens. Hunt ing Licenses Distinct From Fishing Licenses, The attention of Georgia people, and particularly to those of Rich mond County, are called to the fact that non-residents of the state of South Carolina are required to pay $5 for licenses to fish in the waters oY that state. Many Georgians are liable to he arrested by Carolina game wardens for fishing in that state The “Fourth” in Augusta Today The Glorious Fourth is with ua again, a day to he commemorated with song, dance, and libation with feast ing and fireworks! No, not fireworks. Pardon. But with all the others, espe cially libation. (Probably.) 1914 1776 138 years ago our forefathers de clared their independence of the whole world. Isn’t it a pity we cannot do that now? It was a glorious thing to do. And they then proceeded to prove what they said, depending some what on France, and largely on Provi dence. But they wore independent in spirit, and that was tile main thing. We are not. There are those who will say this article is too independent. You see? But as today is advertised as a Sane Fourth, let tills try to be a sane ar ticle. The elimination of fireworks in the city limits is the most sane thing which the paper lias had to record fiA months and months and months. No expensive sky-rocket, set off by the ignorant and careless, will go skating up the sidewalk tonight, to explode ignominiously against a tree. No largo scarlet cannon-cracker will hang fire Latest Wireless Marvel; Employment of Hertzian Waves; Detection of Ores Bed in.—Tho latest wireless marvel Is the employment of the Hertzian waves for the detection of ores, water and other substances in the bowels of the earth. Drs. Leimbach and Loewy of the University of Goettingen, announced today they have invented a wireless system for the exploration of the structure of the earth and the deten tion of subterranean springs and orj deposits w ithout boring. Practical success lias Just been achieved in the province of Ham burg. An expedition under the nus- P»-'es of the German colonial office, is now at work locating water sup plies and ore deposits in Southwest Africa. A second expedition, it is an nounced, will be fitted out for ex periment In the United States us soon as possible. Dr. Leimbach said: “Since 1910 Dr. Lowy and myself have been work ing on a scheme to explore the in terior of the earth by means of electric waves. Our efforts have been sup ported by a specially formed 'society' for tile Exploration of the Structure of the Earth at Goettingen, which took upon iiself the task of testing tho various processes. After a few months’ work we have already been able by the introduction of improve ments to determine with certainty the danger of floods in salt mines. “This year we began experiments at r. ines where tho freezing or cementing system Is used to prevent the danger of flooding in the shafts. We found that the electric waves effectively served the purpose of revealing flaws in the frozen or cemented protective walls.” Britisher Holds U. S. Pure Food Laws As Model London. —The United States pur food laws are held lip as a model by Alfred Moore, secretary of the Brlt ish Pure Food and Health Society, who upbraids tho Englishman for his apathy along this line. The British public, he says, is defrauded of over $300,000,000 annually through adulter ated foods, yet re-fuses to take the slightest Interest laws. “In this country," aseurts Mr. Moore, “the people seem to prefer to go on having plaster of Paris In their flour, foreign fats and unwholesome pro servatlvoH in their butter, Imitation cream, cheese with the rind made of barytes and tallow, re-dried tea leaver Instead of tea, chicory instead of ocf fee, starch and powdered bean shell Instead of cocoa, French chalk mas querading a;i rice, water andl salicylic acid as wine, and so on ad nauseam," Besides adulteration, Mr. Moor" charges that the people also tolerate filthy ways of handling foods, such »a carting meat uncovered through the streets. Denounce Recent View in Regard to Large Cruisers Berlin.—A view recently expressed by the British Admiral, Sir Percy Hcott, that the development of sub marines and hydroplanes made dread noughts and large cruisers obsolete, has caused much discussion In German naval circles. Ho far as their public utterances go, German naval experts unanimously reject Admiral Hcoft’s view. The German Fleet Hoelety has pro nounced Itself decidedly against It, ami now Admiral von Grousing has pub lished an article taking the same po sition. He admits that the submarine has recently made great progress and now exceeds the hopes that were at first held for It; and he also admlt-t that the means of protection against, the submarine hail not been developed at an equal pace. Nevertheless, the submarine’s rung* of activity is a lim ited one. Even If It should put the dreadnoughts out of commission lu ahore-waters, the latter would st1!l be needed for operations on the high seas, where, as yet, nobody experts that the submarine can venture, owing to Its constant need to replenish sup plies. Every time a man tries to show oTf something gets his goat. when they do not know what the Car olina law Is. Ignorance is held to he no excuse for law violation and (his will put Georgians on notice of the requirements of Carolina’s fish law. Hunting license in Carolina cost $10.50 each and are separate and dis tinct from the licenses to fish. They are taken out in the fall. <>n Jackson street and wait for a lit tle boy to pick it up and see whqt is the matter with it, and then blow him into Kingdom Come, with a slop over at the City hospital for the night. No torpedoes will fall from second stories at the feet of hysterical old ladles. All that was in the days of the lp _ sane Fourth, when the day of glad ness and rejoicing was followed by a day of dark and silent hospital rooms, and wild-eyed funerals. The celebrations today will be in keeping with the solemn grandeur of the Great Fourth. Exercises in from of the Court House, conducted by Daughters of the American Revolution, with a reading of the original Deela- E. Keener and an oration by the Hon. K. Keenre, and an oration tty the lion. Lansing B. Lee, will be held at <5 o'clock. And tonight, at 8:30. there will lie a public display of really magnificent fireworks sit the Lake, which will'bo spectacular rather than noisy, the original purpose of fireworks. There we have a Fourth after our own heart. And, by the way, while we are on the subject, How about a Sane Christ inas? South Wales Coal Owners Nervous Over Americans Entering Market; Trade London.—South Wales roal owners by far tho large* t produceYH in this coun try, are suffering from nervous appre hension. Have developments have created a fear of American competition and the palintive outcry of today In agaiimt the audacity of the TJ. S. A. compel! torn who lytve “dared" to tackle the Mediterran ean markets. A broker bore tells mo that the inflated price of Welab coni ami cheaper freight rates have enabled the Americana to enter the market with an advantage of about a dollar a ton. This ia perfectly true and the changed condi tions have not escaped tho notice of keo.i Continental buyers. The Egyptian and Italian Htate railroad*, which have hith erto been among the largest Welsh coal buyers, have considerably increased their American takings. The transfer ence of orders from this side of the Atlantic to the Other lias been greater this year than ever before. An authority on the subject informs me that the Italians alone have ordered 1 (*■o,ooo tons of Pocnhontaß and New river coals, making their takings this year up to 300,000 tons. This re;Ac sents a diversion of at least 2,000,000 dol lars from South Wales. American coal cargoes are also find ing their way to French an 1 Spantfh Torts with increasing frequency, the nd vnr.tage of from 00 cents co a dollar In price at which the American coal la de hvered to the foreign buyer in re th in cot nter-bslanclng any consideration of epu: Ity, If elicit exist. A FAIR COURSE. “We'd like to get up «n international boat rare. Hut if wo race In England, you people will know the water. On the oth<T hand, If we race in this country, wo will know the course.’’ , “It should he perfectly fair,” assented the Englishman. “f suggest that we race on (ids new river that Col. Roose velt has discovered.” ‘ROMANCE HERO’ BELMONT RECOVERING FROM BURNS f',r v Mr m Jf -MustekMm. 9 W RAYMOND BELMONT. London. Raymond Belmont, son of August Relmont, of New York and hero of a recent romance. Is convalescent from the accident tn which he burned his face badly through the explosion of an acetylene gas lamp. The accident prevented his playing fno Coxwell house in the final round of the Junior poll championship at Roehampton against Comte J. dc* Mud re's Tigers. Daily Pattern 9982.—A POPULAR AND PLEASING STYLE. Dress with Over Blouse for Misses and Small Women. Thin attractive model was made of blue and white dotted chullle, with ba tiste for the underwftlst. The over blouse may ho omitted. The design is also Kood for linen, lawn, gingham, chiffon or moire taffeta., h< rgc or cashmere. The skirt Is cut on graceful lines, and with plaited fulness that *hiay be gathered. It is finished with slightly raised waist line The pattern is cut in four sizes: 34, 16, 17 and IS \ ears. It requires 5% yards of 27-inch inat<*rln.l with 2Vi yards for the undorwalst. for a JB-year size. The skirt measures about IV4 yard at lower edge. A pattern of this illustration milled to any address on receipt of 10c in silver or stamps. n. au. Nana. ............. atr««t N«. Olty .Itit. ........ AUGUSTA SECURITIES, BONDS AND STOCKS (Correct od Weekly for The Augnsta Herald by Martin A Garrett) Bank Stocks. Hid. Ask Augusta Ravings Hank 160 Merchants Hank 212 21st National Exchange Hank of Augusta 135 U 4 Planters Roan ft Savings Hank (par value 10) 43 4ft Citizens ft Ro. Hank 240 260 Union Havings Hank (par value $100) 12ft nanroad Otoe**. A. ft, W. P. R. It. Co 160 152 Augusta ft Havannah Ry. C0..103 loft Chattahoochee ft Gulf 1C It. Company 102 Ga. R. R. ft Rkg. Co 268 262 Seaboard pfd slock 60 o 3 Hen board Common Btock 20 Bouthwestern R. R. Co 104 10ft Factory Bonds. Augusta Factory, Ist 6b, J 915 M. ft N 98 99 I ogle ft Phoenix MHIs Co. Ist 6s. 1926. J. ft J fee 101 Enterprise Mfg. Co., Ist 0s 1923. M. ft N 90 92 Sibley Mfg. Co., Ist 6s. 1923, J. ft J 90 32 Factory Stocks. Granltevtlls Mfg Co 226 King Mfg. Co 77 ** Aiken Mfg. Co 26 Augusta Factory 3O Enterprise Mfg. Co 60 King Mfg. Co., pfd 103 106 Warren Mfg. Co —— 70 AUGUSTA QUOTATIONS GROCERIES, PROVISIONS D. H. Reg. Rib#. 60-lb 12** D. 8. Reg. Plat##, 8-lb. nv II D. H. Clear plate D. H. Heillea, 26-lb 1 44 Peurl Grltes, 96-lb., nil sizes..... 1.96 Yellow Corn 96 Red Cob White Corn 94 Mixed Feed Out# 62 Heat White Out# .16 Fancy Head Rice OftVfc Medium lliMfl Rice .06 Japan Head Ric# 03 4 Fancy Green Coffee *4Vi Choice Green Coffee 1314 Fair Green Coffee .12 Tencent Roasted Coffer*. 100 pkgs.. .97 Arbucklo’e Coffee, pr. »•# , 100-lb 19.11 l Arbuckle’H Ground Coflee, 36-1b*...19.30 R. A. J. Coffee, 60-lb. pkgs. ...... .15 Heno Coffee, Ground, 100 1-lb 21 P. R. Molasses, bbl# 20 Cuba Molasses, bbls 28 Rebelled (ia Syrup, % bbls 30 N. Y. Or. Hugur, bbl*. or bulk bast 4.30 N. Y. Gr. Hugur, 4 26 bag* 4.3 ft N. Y. Gr. Hugur <6O 2 ertns), p<si Jb 4.6 ft N. Y. Or. Sugar (60 2crtns), per lb. 4.6 ft N. Y. Gr. Hugur 82-314 ertns, per lb 4.65 12-ox. Evaporated Milk 8.75 Peerless 5c Evap. Milk, 6 do*. ... 2.16 M. ft U Ftlck Candy 30-11). boxes.. 06 U Ground Pepper, 10-lb. pills, per lb. .18Vi Mixed Cow Pens, per bu. ....... 2.00 White Cow Peas, per bu 2.”.5 Tanglefoot Fly Paper 2.70 1- Chum Salmon 90 2- Tomatoes 70 8-lb. Tomatoes .96 New Argo HaUnon, per do*. ..... 3.60 Vo, Peanuts ■ 051* Young woman (to her neighbor at dinner) Guess whom I met today, Doctor, Doctor—l’m afraid I’m not a good Kuos ser. “You're too modest. Aren’t you at the top of your 4 rofesslon?"—Life. OH, YOU MARSHALL! *'• ! *nr »iglll should have the prize for riding the girls about, bo hav ing come through town recently with nine on one 11. M. T| buggy.—Laurin* burg (N. C.) Exchange. » WEEK IN FINANCE New York.—The new fiscal year open ed with sentiment somewhat encouraged but with no appreciable Increase of busi ness. Financial circles found consid erable comfort in the conference between President Wilson and the representative of an Important banking interest, coupled as It was, with til belief that It pre sages a closer understanding between the administration and the h!g business of the country. Only faint echoes of the ClafHn failure were heard and sign* of a re-awakening of general mercantile flmsincss were apparent in various sec tions of the country. Delay in the freight rale ease continued to act as a strong deterrent factor, which even the till VC alluring crop prospects could not. overcome. A number of adverse rail way statements were submitted, that of the New York Central system, lielng particularly unfavorable. Receivership foe the Cincinnati. Hamilton and Dayton railroad was foreshadowed and received with the hone lliat It may work to the advantage of the Baltimore A Ohio road. n. yTbankstatement New York. The statement of the tual condition of elearnjg house banks and tYust companies for the week (five days) shows that they hold $19,589,459 reserve In excess of legal requirements. This Is .1 decrease of $20,768,100 from lust week. Actual Condition. Loans decreased $1 871,009. Hpecie decreased $26,134,999. Legal tenders decreased $956,909. Net deposits decreased $21,684,000. (Circulation Increased $373,000. Banks cash reserve in vault $390,393,• 000. Trust companies cash Reserve In vault $78,071,000. Aggregate cash reserve $463,464,000. Trust companies reserve with clearing house members carrying 25 per cent cash reserve $74,306,000. Stnfe banks and trust companies In Greater New York, not included in clear ing house statement: Loans and investments decreased sl,« 418,600. Specie gold decreased $147,600. Currency and hank notes decreased 1 $42,800. « V Total deposits decreased $2,396,500. Liverpool" cotton | Liverpool.—Cotton spot steady: good I middling 8.90: middling 7.48; low mid- I filing 7.90; sales 4,099; speculation and I export 399. Receipts 8,000; futures quiet I and steady. I July 7.11% I July and August 7.13% I September and October 6.72% I December and January 6.57 February and March 6.58% | April and May 6.60 SEC’Y HESTER’S WEEKLY COTTON_STATEMENT In thousands hales In sight for week 30,00 t Do same 7 days last year.... 35,000 Do same 7 days year before .. 37.000 Do for the month 14,000 Do same date last year 12,000 Do same-date year before ... 16,090 I>o for season 14,819,090 Do same date last year 13,610,00 Do same date year before ...15.589,000 I’ort receipts for season 10,338,000 Do same date last ear 9,813,000 Do same flat** yr. before 1a5t.11,884,0 l 9fr Overland to Mills and Canada for season 1,141,000 Do same date last year 1,073,006 Do same date \ ear before .... 1,243,000 Southern mill takings for season 2,765,000 Do same date last year 2,765,000 Do same date last year 2.616,000 Do same date yeaY before ... 2,400,000 Interior stocks in excess of Sep tember Ist 75,000 Do last year 307,000 Do last year 61,000 Foreign exports for week 56.000 I><» same 7 days lost year ... 56,000 Do for season 8,740,900 Do same date last year 8,342,000 Northern Spinners’ takings arid Canada for week 15,900 Do same 7 days last yea Y... 18,000 I>o for season 2,485,000 Do same date last year 2,517,000 Statement of World's Viable Supply. Total visible this week 3,846,019 Do last week 4,161,820 Do Baine date last year 3,229,426 Do same date year before .. 3.187.829 Of this the total American this week 2,128,019 Do last week 2,294,120 I >«» last year 0,865,425 I)o year before 2,194,329 All other kinds this week 1,718,000 Do last week 1,867,000 Do last year 1,864,000 Do year before 998,000 Visible in the 11. S. this week.. 511,000 Do this date, last year 420,000 Visible in otheY countries this week •..••••»•••»* 3,885,000 Do this date last year 2,809,000 WEEK IN COTTON New York.—Tb. government crop re port making the condition 79.6 per cent amt showing a decrease of 1.3 per cent In acreage, was ttie event of the week In the cotton market. This offldfal state ment proved Just about as epected with reference to acreage, but the Improve, meilt of over 6 per cent. In the crop prospect ns compared with May -sth, represented an almost unprecedented gain for the month of June and led to heavy nnlllnK for both accounts. Prices Broke very sharply in consequence and December contracts sold ns low as Is.*s during the dav’n trading, or shout $4.15 per little under the high records made Immediately after the publication of May 25th condition figures. laical hulls pointed out that the crop condition was stilt below the ten-yaer average and more than $ per cent, un dir the condition reported In I*ll while It wan also calculated from the official formula placing the value of 100 per cent on June 25th at 232 pounds *n lint cotton to tho acre, that th# yield Indicated on the estimated acreage was a little under 14.000,000 hales of 4*o pounds net, excluding llnters. More over It was claimed that spinners war. buyliiK more freely on the decline, but th« ctxent of the crop's Improvement, mid the continuation of generally favor, nhle weather evident rreated a more aggressively bearish sentiment around the ring than for some months past, and there were numerous predictions of a further decline. Beneficial rains w«vs reported In the South today and local hears claimed that a canvass of the bttit at tho present time would show an average condition considerably above tn# figures as of Juno 2ftth and probably better than the average for the pa»t ten years. ______ "week in trade New York. —Btredstreet’s today saye: “Good to excellent crop report!, quiet ed disturbed trade and dull or depressed Industry and manufacture are the salient features In this week's advices. The Im. provement shown by cotton during June added to continued good weather for ct/rn, oats and winter wheat, made the general crop advices the beet of tne year. or. indeed, for many years past, though hay. tobacco and possibly spring whc.it may not meet earlier sanguine en. ttclpatlone. 1 ilstrlbutlve trade tended t* quiet as ■ he mid-year holldaye approach ed hut June was a good month In actual sales, both by wholesaler* and retailer*, especially In dry goods, wearing ap. pure!, groceries and mllllnary. “For the week: Failures, 243. against 194 Inst year. Wheat axporte 5.700,957, against 3,501,323; bank clearings, $3.- 724,211,000. an Increase of 1.5 per cent.” A man may marry In haste, but h« usually takes hie time about settling the bill* contracted during the honey moon. SEVEN