Newspaper Page Text
WEMEESD.AT, JULY T3L
Todays Financial and Commercial News
AUGUSTA COTTON MARKET
Middling closfed today at
I4i/ B c. * 6
Tone Steady.
Middling Last Year 13c.
CLOSING "QUOTATIONS
Good ordinary 11 7-S
Strict good ordinary 12 3-8
Low middling .. 13 1-4
Strict . v. miudling 13 7-8
Middling i 4 1-8
Strict middling 14 3-8
icon middling ~
Tinges, first 12 1-4
Tinges, second 3 3-8
Previous Dav’s Figures
Oood ordinary 11 7-8
Strict good ordinary 11 3-8
Low middling 13 1-4
Strict low middling ....1*
Middling 14 1-4
Strict middling ... 14 3-8
Uuou. .middling
Tinge? first ....14
Tinges, second 13 3-8
Receipts For Week
Sales. Spin. Shi?*
Saturday 20 4 15
Monday 221 - -—■
Tuesday 60 29 349
Wednesday .... 16 58 191
Thursday *
Total 301 33 364
Comparative Receipts
1913 1911
Saturday 129 27
Monday 103
Tuesday I^4
Wednesday 19 119
Thursday *—\
Friday
Total 428 275
NEW YORK COTTON
New York.—Relatively steady cables
and private reports of hot winds in the
Southwest yesterday afternoon probably
accounted for an opening advance at
from one to four points in the cotton
market today. There was not much de
mar.d while there appeared to be con
siderable realizing or scattered local
selling and fluctuations were more or
less irregular right after the call. Re
actions of four ov five points were fol
lowed by rallies before end of the
first hour, however, on New Orleans
buving and reports that temperatures
were high in the southwest again this
morning. . . * ,
The very favorable weather shown by
detailed reports east of the river, with
rains or showers in Mississippi and Ten
nessee seemed to offset the less favor
able conditions in the southwest and the
market was very quiet around midday
with prices easing off to about last
night's closing figures.
liquidation continued during the early
afternoon and the market became weak
and unsettled with active months selling
about eight to eleven points net lower
following i/t ate predictions for rain in
south Texas.
Cotton futures closed steady.
High Low Close
July 12.4(1 12.25 12.2 d
August 12.42 12.18 12.19
October 12. SS 42.11 12.13
December 12. V! 12.31 !-•
January 12.42 12-2- Vo
March 12.47 I—6 i-.-i
NEW ORLEANS COTTON
New Orleans.—Hood rains in the east
ern belt caused cotton *to open todsy at
a decline of one to three points. After
the call the trading months stood three
to four points down.
The forecast of continued dry weather
for the westcvn belt caused a reaction
nnd an advance of three to four points
over yesterday's e’ose. noon prices
were ag an down six to eight points un
der yesterday's finals.
LIVERPOOL COTTON
Liverpool,—t- - pot cotton easier; good
middling 7.T6; middling 7.14; low mid
dling <3 96: sales 6.009. Speculation and
export 500. Receipts 10,000. Futures,
quet.
July 7,20
July and August 7.20
September ard October 6 ~,
Pecember and January 0.62*, 2
February and March 004
Aprl and May 6.60V4
cHICAGO CRAIN MARKET
Chicago, Ills.—Vneaslress In regard to
threats of a railroad tie-up. advance of
quotations at Liverpool and reports
black rust bad gained a serious foot
hn'd In Minnesota today helped wheat.
The opening wh'ch was 3-8 to 5-> high
er was followed by other gains.
Corn bulged on account of a sharp ad
vance at Huenos Ayres, due to unfavor
able weather. After onening 3-8 to 7-8 a!
up prices rose still higher,
flats hardened with corn and wheat.
tVeakncss in the hog market depress
ed provisions.
Fears of further spread of black rust,
influenced wheat.. The close was strong
7-8 to 1 1 -4al 3- Snet advance.
Reactions ensued in corn hut owing to
♦be failure of predicted rains were not
of a lusting variety. Corn closed steady
B-g to 7-Balc above laat night.
Open. ILgh Low C'osf
Ju^”*. A TT 77*4 78% 77% 78%
Sept •• • • T 7% 77% 77% 77%
~!lv R . N : . . 63% 69% *9% 69%
Sept .... 66% 67% 66% 67%
A a TO_
J, |v .. . . 36% 86% 36% 88%
Sept .! - - 34% 36% 34% 85
gept '. *’. .2990 2117 2999 2112
r,\RD—■
jjjjpt ... .1040 1042 1040 1040
Jr' . .1198 1298 1198 1292
Sept .. . .1199 1197 1199 1195
HOURLY TEMPERATURES
Pesreas.
6 a. m a
7 a.
5 A. *2
9 A.
19 A.
H A. *j,
1 P. ”
2 P M . • Bl>
CWICAr.O MAO AMO r*TT. - MttrgJT
Chicago. 111.. Hogs: JUeeltta 39 099;
alow; bulk 870a890; light *6««89»; mixed
6t5a896: heavy 539.49,; rottgit 8..0n8t5,
Pl ?*aH> !> Receipts 16.990; steadv; beeves
7794.99' Steer. 6t9n3*9; stockera nnd
feeders' 58 ;’9«; cows and heifers 390a
-oi9 e-lvea 759a611.
cv,ep: Receipt a 23 909; slow; sheep
yearling* 5J5a730; lambs 630a
n0. I
Stocks and Receipts
Stock in Augusta, 1913 16,024
Stock in Augusta, 1914 13,868
Rec. since Sept. 1. 1913 337,461
Rec. since Sept. 1, 1914 373,214
Augusta Daily Receipts
1913 i»l4
Georgia Railroad 19
Southern Ry. Co
Augusta Southern
Augusta-Aiken Ry. Co. ...
Central of Ga. Ry •
Georgia and Florida ... . 19 1
O. and W. Ry 1 14
A. C. L. It. R
Wagon 1
Canal “-**
Net receipts 19 35
Through 94
Total 19 329
Port Receipts
Todcy I .oat Tr.
Galveston 1167
New Orleans ... 983
Moi ile 138
Savannah ... -11-7
Charleston ——*
Wilmington *
Norfolk 186
Total ports test.) 3000 —-
Interior Receipts
Today. I«st Yr.
Houston —•—■“
Cincinnati
Little Rock *
Weekly Crop Movement, End
ing Friday, July 10, 1914.
1914. 1913
Shipments 32,225 30,937
Stock 158.507 226,720
Receipts 16,080 21,634
Crop in sight 14,185,430 13,211.521
Came in sight 67,620 64,926
Vis’ble supply 3,689,052
NEW YORK STOCK MARKET
New York. —Another selling movement
in New Haven, which declined to 49 3- 1,
caus'ed general unsettlement on the
stock exchange this afternoon. Stocks
hitherto unaffected reflected the force
of the general pressure. New Haven sis
declined from 195 to 99 on a single trans
action and New York. Westchester and
Boston 4 1-2 s under New Haven guar
antee declined 3 1-2 points. Canadian
Pacific and New York Central added to
their early weakness.
Low records were made hv Rock Is
land common and pfd, and the collateral
bonds. Dry Goods preferred added four
poiin.s to its initial fall. Heaviness in
Baltimore and Ohio issues extended to
other eastern railways and there was re
newed selling of the Goulds.
Bonds were iiregular.
The market closed firm. Further de
clines were reerrded in the last hour,
especially in shares of eastern roads
New York Central losing a total of over
four points. Rallies of a point or more
ensued in the final dealings.
MONEY MARKET
Nc-w York—Mercantile paper 3 3-4 at
per cent.; sterling exchange steady after
decline; 60-day bills 4.8520; demand
Commercial bills 484 3-4a485.
Government bonds steady; railroad
bonds heavy. «
Call money firmer, 2 1-2*3; ruling rate
3; Hosing 2 l-2a3-4. Time loans firm;
fir d lys 3-4; 90 days 3; six months 4a%.
LIGHT SLEEPERS.
It's tough when a man has to tiptoe
around for fear of waking the canary.
QUESTION OF HEIGHT
Lady Southwark, in her recently
published reminiscences, tells a story
of an Irishman who was cutting turf
near a bog, when a friend came up
to him. crying:
"Patrick is tsuck in a bog up to
his ankles.”
' Don't worry, then.” was the reply.
"If he's only up to his ankles he can
soon get out again."
"Yes, but he went in head first.” re
torted the brother.—Pearson's Weekly.
Per Capita Expenses of $195 Cities in
U . S. For Police, Fire, Education
and General Departments
EXPENSES OF CITY GOVERN
MENT.
Washington.—The total payment
for expenses of the general depart
ments of the 195 cities having a popu.
lation of 80,000 and over in the report
of Financial Statistics of Cities loi
1912, recently issued by Director Wil
liam J. Harris, Bureau of the Census,
Department of Commerce, was $508,-
548,048. TfJe total per capita pay
ments for expenses other than of pub
lic service enterprises increased
from $13.02 in 1902 to $17.34, a gain of
33.2 per cent The per capita pay
ments for eacli year have shown an
increase over those of preceding year,
except that those for 1909 were slight
ly less than those for 1908. The per
capita payments for expenses of the
general government, Including those
for courts, have increased quitp uni
formly during the 11-year period, as
have for the most part those Tor the
expenses of police and fire depart
ments, for conservation of health and
sanitation, which includes sewers,
sewage disposal, and refuse disposal,
and for education.
The 195 cities are divided Into five
groups: Group I, cities having a popu
lation of 500,000 and over; Group It,
cities having a population of 300,000
to 500,000; Group Iff cities having a
population of 100,000 to 300,000;
Group IV, cities having a population
of 50,000 to 100,000; and Group V,
cities having a population of 30,000
to 60,000.
Per Capita Payments.
The per capita payments for gen
eral governmental expenses In cities
of Groups I and II are larger than
they otherwise would he because of
the fart that New York, N Y., Phlla.
delphla Pa . St. 1-ouis. Mo.. Boston,
Mass. Baltimore, Md., Han Francisco,
Cal., New Orleans. Da,, and Washing
ton. D C . exercise all the executive
and iudlclal functions usually pos
sessed by counties. To secur- com
pel ability between the payments for
ail general governmental functions,
including payments for court expen-
fHE AUGUSTA HERALD. AUGUSTA, GA.
CONTRACTS FOR
BARGE LINE
McKenzie Construction Com
pany and D. A. Bowe Get the
Majority of Contracts at
Meeting Today.
A joint meeting of the streets and
drains and railroad committees of city
council was held at noon today in the
mayor’s office and the contracts for
the construction of the barge line ter
minals were awarded, subject, however,
to the approval of city council. Work Is
expected to start very Boon.
The following is a list of the contracts
awarded:
Substructure—D. A. Rowe. $9,190.
Concrete flooring—McKenzie Construc
tion Company. $9,360.
Ruilding—D. A. Rowell $10,840.
Building—D. A. Bowe, $10,840.
Plumbing—T. G. Bflttingham, $994.79.
Hoist —McKenzie Construction Co. $4.-
Mfc-
HERALD CARRIER TO
ATTEND CASINO TONIGHT
Sixty Odd Will Go Out to Lake
With Circulation Manager W.
S. Kackendree.
—■" ■ *
The Herald’s carrier boys, slxty-odd
in number, will be delightfully enter
tained this evening at the Lake. They
in company with their manager, Mr.
W. S. MacKendree, will “take in” the
Casino.
The troop now playing at the Oar
sino will put on a special show for
The Herald carriers—a show which
the management believes will he ap
preciated by the youngsters more than
the regular bill that has been playing
this week.
The trip tonight will be one to be
much enjoyed by every one of the
boys and each and every one of them
are no doubt grateful.
AUGUSTA QUOTATIONS
GROCERIES. PROVISIONS
t>. S. Reg. Ribß. 60-lb 12*
D. S. Reg. Plates. S-lb. av. 11
D. S. Clear Piates 10
D. S. Bellies, 25-lb * ,U%
Pearl Grltes, 96-lb., all sizes 1.95
Yellow Corn 85
Red Cob White Corn 98
Mixed Feed Oats 62
Best White Oats .66
Fancy Head Rice 05
Medium Head Rice .05
Japan Head Rice 03V4
Fancy Green Coffee Ms{
Choice Green Coffee 13 %
Fan- Green Coffee 12
Tencent Roasted Coffee. 100 pkgs.. .07
Arbuckle's Coffee, pr. cs., 100-lb 19.10
Arbuckle's Ground Coffee, 36-1b5...19.30
R. A J. Coffee, 50-lb. pkgs 15
Heno Coffee, Ground, 100 1-lb 21
P. R. Molasses, bbls 20
Cuba Molasses, bbls 28
Reboiled Ga. Syrup, % bbls 30
N. Y. Gr. Sugar, bbls. or bulk bags 4.30
N. Y. Gr. Sugar. 4 25 bag* 4.35
N. Y. Gr. Sugar (60 2 ertns), pat'
lb 4.55
N. Y. Gr. Sugar (60 2crtns), per lb. 4.55
N. Y. Gr. Sugar 32-3% ertns, par
lb 4.55
12-oz. Evaporated Milk 8.75
Peerless 5c Evap. Milk, 6 do* ... 2.85
M. & La Stick Csndy. 30-lb. boxes.. .06%
Ground Pepper. 10-lb. palls, per lb. .16%
Mixed Cow Peas, per bu 2 o<j
White Cow Peas, per bu 2 35
Tanglefoot Fly Paper 1.70
1- Churn Salmon i 0
2- Tomatoes 70
8-lb. Tomatoes 95
New Argo Salmon, per do*. 1.50
Va_ Peanuts 35%
THEY’RE ALL ALIKE.
There was a young girl from out West
Who with beauty and fortune was
blessed.
And so nothing lacked
And so nothing lacked
To make her attract.
But she Just got a duke like the rest.
ses in these cities and in other cities
of Groups I and II which exercise no
county junctions, certain percentages
of the payments for the expenses of
county governments of the other
cities of Groups I and II are combined
with the city payments. Tho combi
nation of county and city expenses
secures comparability of per capita
payments for court and other general
governmental expenses for all of the
cities of Groups I and 11. but those
payment* are not comparable with
similar payments of other cities with
the exception of Denver, Colo., for
which city the figures of the table in
elude per capita -payments for ex
penses of the county as well as those
of the city.
For the 195 cities, the total per
capita payment for general depart
rnents, including general government,
police, fire, all other protection to
person and properly, conservation of
health, sanitation and promotion of
cleanliness, highway, charities hos
pitals and corrections, education, re
creation, miscellaneous and general
is $17.34; for tho cities of Group l)
$21.24: Group 11, $19.99: Group 111,
$14.22: Group IV, $12.06; Group V.
$11.69, showing a decrease in per cap
ita payments fo r the smaller cities.
The per capita payments for police
department for the 195 cities Is $2.04;
for the cities of Group !, $2.75; Group
11. $2.14; Group 111, $1 53; Group IV.
$1.26; Group V, SI.OO. The rer capita
police expenses increased from $1.84
in 1902 to $2.01 In 1912.
The per capita payment for fire de
partment for the 196 cities Is $1.62;
for the cities of Group I $1.58; Group
11, $2.02; Group 111, $1.68; Group IV,
$1.50; Group V, $1.38. The per capita
fire department expenses Increased
form $1.30 in 1902 to $1.62 In 1912 .
The ’ er capita payment for educa
tion for the 195 cities is ss.o2;'for the
cities of Group I, $5.55; Group If
*5.30; Group 111, *4 57- Group IV,
$1.29: Group V $4.34. The per capita
expenses for education increased from
$3.61 in 1902 to $5.02 in 191$ .
WREN RECEIVER
ASKED, BOND
Bill Introduced Today in Geor
gia House Requiring Indem
nity Bond in at Least SIO,OOO
When Petition For Insurance
Company Receivership Re
quested
Atlanta, Ga.—Representative Evans,
Screven county, introduced a bill in tho
bouse of representatives this morning
requiring all petitions seeking to ap
point a receivership for an insurance
company to give a bond of at least ten
thousand dollars.
The importance of this requirement
j will be readily apparent to business
ben and financiers through the state as
in many eases, it is pointed out. efforts
i have been made to throw reputable in
surance companies in the hands of re
ceiver although such companies were
thoroughly solvent.
The effect of the litigation, it is rec
ognized. is always hurtful even though
at court hearing, proceeding were dis
missed.
With the passage qf a law requiring
an indemnity bond, those seeking to
wveck insurance companies will be slow
to consider such proceedings. Mr. Evans’
bill comes as the result of litigation dur
ing the last year or two and recently
against Georgia companies. It is un
derstood that many business men and
Georgia insurance officials are back •»f
the measure, and it will be pushed
through the legislature and put on the
statute books as quickly aB possible.
AUGUSTA SECURITIES.
BONDS AND STOCKS
(Corrected Weekly for The Augusta
Herald by Martin & Garrett)
Bank Stocks.
Bid. Ask
Augusta Savings bank 150
Merchants Bank 212 215
National Exchange Bank of
Augusta 135 Ui
Planters Loan & Savings Bank
(par value 10) . ..„ 43 45
Citizens & So. Bank 240 250
Union Havings Bank (par
value $100) 126
Railroad stock*.
A. & W. P. R. R. Co 150 152
Augusta & Savannah Ry. Co. .103 106
Chattahoochee & Gulf R. R.
Company 102
Ga. R. R. & Bkg. Co 258 262
Seaboard pfd stock 50 o 3
Seaboard Common Stock 20 ?,z
Southwestern R R. Co 104 104
Factory Bonas.
Augusta Factory, Ist 6s, 1915
M. & N 93 98
Eagle & Phoenix Mills Co.
Ist ss. 1926. J. A J li 101
Enterprise Mfg. Co.. Ist Os
1923. M. & N 90 02
Sibley Mfg. Co.. Ist ss, 1928, J.
& J 90 22
Factory Stocks,
Granltevlll* Mfg. Co 125
King Mfg. Co 77 »»
Aiken Mfg. Co 25
Augusta Factory so
Enterprise Mfg. Co. 60
King Mfg. Co., pfd 103 105
Wurren Mfg. Co 70
efficiencyTnot years
(Norfolk Virginian-Pilot.)
Vice President Marshall declared
recently that "this is the young man's
age.’’ H« went on to say that "the
old man Is being shoved off the stage
everywhere. Falling physical vision
is assumed to mark a like dimness of
Intellectual sight.”
The strenuousness of modern life
pays more regard to the physical en
ergy and power of endurance of the
young man than to the garnered ex
perience and matured wisdom of ad
vanced years. Still efficiency in occu
pations not calling for severe and
continued bodily exertion may not he
assumed or discredited merely because
an Individual Is below or beyond a
fixed age limit. Much of the world’s
best work haa been done by persons
beyond the time set by the Psalmist
for the decay of man's strength and
faculties.
In many cases genius has seemed 10
ripen with the flight of years. Within
the records of recent history the names
of Gladstone, Von Moltke and a score
of others Illustrate the fact that three
score and ten may vie In achlevemena
with the representatives of a later
generation and like examples are nu
merous in the fields of literature and
science. On the other hand instances
ere not wanting to prove that gray
hairs are not essential to full grown
greatness In any lino of human en
deavor. Pitt hecame prime minister
of England when scarce beyond the
threshold of humanity, and Napoleon
emulated the military triumphs of
Alexander when still sneered at by
the grizzled velerans qf Europe ns “a
beardless boy,” hut ills final overthrow
came at the hands of Bchwartzenburg
and Blurher, both septuagenarians
Byron rose to fame In a single night,
when yet In the bloom of youth, while
Walter Scott only began his career of
authorship when beyond the prime of
life. Nature has no inviolable law on
this subject which cgn he blindly fol
lowed. Dr. Osier Is a living refuta
tion of his own theory, and on the
contrary it has been abundantly dem
onstrated during the last century that'
youth is no bar to perfected ability.
It all depends on the man.
MORE THAN LIKELY
Ruth (reading from novel) He kiss
ed her on the forehead. The proud
beauty drew herself up.
Vera—l suppose that was to got her
cheek up to the proper height,
A CRUEL REMARK.
He threatened to drown himself If I
refused him.
What did you say?
I told him he couldn’t use me as a
life preserver.
HALF TOLD TALE.
"I'm honest as the day is long,"
Brags foxy Mr. Bright;
But he will never tell the throng
How he behaves at night.
—Cincinnati Enquirer.
PHONE 9427
Have Your Automobile
Repaired at
Reliable Auto Co.
The Wise Dry Goods Co.’s
Big Special Sale is the Money
Saving Event of the Season
One entire table of print
ed Lawns, Batiste and
Voiles worth up to 25c
per yard at
IOC
All 12ic yard wide
Percales at
9c
Beautiful line of new
Shirt Waists worth
up to sl*so at
95c
One lot of $5.00
Linen Skirts at
$2.50
Entire stock of fine
Fancy Parasols at
Half Price
One lot of Crepe de
Chine and Crepe
Meteor Dresses worth
up to $25.00 each at
$7.50
$1.25 Middy Blouses at
98c
$1.50 24-inch Suit
Cases at
98c
17k yard wide bleached
Drilling at
IOC
12k Bleaching at
10c
15c floral bordered
♦ Scrims at
10c
25c White Voiles at
10c
25c White and Black
Silk Tissues
10c
25c White Madras at
Isc
25c Colored Madras at
19c
All 19c Galatea Cloths
15c
25c Crepes, all at
I9c
20c Brown Dress
Linens at
I4c
25c Bobonet Rufflings
10c
All 25c Hosiery at
21c
All 35c Hosiery at
27c
All 50c Hosiery at
43c
15c large size Huck
Towels at
9c
15c full bleached
Turkish Towels at
9c
$1.50 Silk Gloves at
SI,OO
SI.OO Silk Gloves at.
59c
ELEVEN