davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

a nat ian IA e
To raise new capital at home
has become well-nigh impossible.
Unable to sell bonds or stocks,
railroads pressed for funds are
resorting to shOrt-term notes,
which involve a nasty aftermath
and are always a danger signal.
MeAdoo Acts Unwissly.
Secretary Of the Treasury McAdoo,
apparently without consulting the
banking community announced very
Unexpectedly that he was prepared to
issue $500 900. 600 emergency cur
rency, as provided by the AldriCh
uake-shift plan. Not a single bank
had asked for such assistance, nor
will one dollar be taken out by re-
sponsible banks unless panicky con-
ditions arise.
The United States is not suffering
from a scarcity OF bank notes but
from a scarcity OF free capital, ac-
tual savings, money available for in
vastmsnt To foster imitation Of
credit by flooding the country with
emergency notes at this time would
mean untold trouble. We have al
ready too much indebtedness, too
much borrowing by people without
adequate liquid resources.
Spectators. Of course, welcome the
prospect OF an addition TO the supply
Of money. Secretary McAdoo's an
nouncement sent stocks up several
points after they had been dropping
and dropping 20 near the lowest Lew
els since the 1907 panic.
TmaEfver hurrIrrra hnuravpF ~ rnmn-
~ condemn the Treasury Depart
ment's action as untimely, wholly un-
necessary and calculated 10 aggra-
vate credit Imitation which has al
ready gone too far In many districts.
Minnesota Decision Confusing.
The utmost confusion was created
as 10 the meaning Of the Supreme
Courts decision IN the famous Min
nesota rate cases. Al first blush il
looked as il the railroads had been
badly beaten. inasmuoh as the court
declared that the States had "A right
to tx rates, even should interstate
fraflc be affected. the only condition
being that the rates must not be con-
fiscatory.
The Supreme Court. however
clearly declared that Congress has
absolute power over railroad rate
making and can exercise this power
whenever II chooses TO pass the nee
essaFy legislation.
The court simply passed the re-
sponsibility Of railroad rate making
20 the Federal Government
Railroad officials fear that for a
time the States may indulge i'm de-
m0ralizing legislation, crippliug
transportation. but they are conf
dent that Congress will become aliv,
20 the necessity FOR passing proper
laws 20 safeguard against widespread
DISCRIMINATION and bankruptcy
Inasmuch as the always tickhsl
question OF State rights is involved
the Wilson administration is face e
face with a delicate problem but on'
which must be faced one way or an
other. sooner or later
Foresee Federal Ownership.
Rather than be subjected 10 al
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

MEMPHIS, June l4.-There is a
significant absence of unfavorable
reports from the cotton fields, yet
there has been presented the anomaly
Of a firm speculative market. Prices
worked up to levels little dreamed Of
a few weeks ago. The spectacle Of a
bull campaign in the midst Of almost
uniformly good reports has excited
comment, and II has been all the
more unusual because of the weak
ness In securities and the continued
tightness in money.
One Of the reasons for the display
Of strength was that the short inter
est was large. due to the excellent
promise for the new crop and to a
feeling that the pessimism in trade
circles would make the visible supply
Of the raw material answer all re-
quirements Of spinners and shorts
until the new crop should come 10
their rescue.
But the foreigners. especially those
who reflects their attitude through
the Liverpool market by the buying
OF the actual. have been absorbing
for some time the long end Of con-
tracts sold by traders in this coun-
try AS the time for same of these
contracts to become due has ap-
preached, the vendors have grown a
bit uneasy over the failure of evil
dence to appear that the buying was
not done in good faith. The small
stock in New York, total being
about $4,000 bales, and the steady
spot prices in the belt, quotations
being such as TO prevent contract
deliveries without large loss, has
made II possible for certain bulls TO
get I'm some strong work. This has
shaken the shorts from the position
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

CHICAGO June 14.-Hogs; Receipts,
II. 600 Market sc lower: mixed and
butchers. S55dS95: good heavy. s.70a
SIS: rough heavy. S.45dS65; light. S.65
ASS: pigs. 6.60dS5O. bulk. S.75dS.S5.
Cattle: Receipts. 200. Market steady;
beeves. T.4OQ g. 90: cows and heifers,
350Gs35: stockers and feeders, 6.609
$40: Texans. 690dS.10; calves, 5000
1880
Sheep: Receipts, 1.000. Market
strong: native and Western, 3.5O96.l0;
lambs. 475dSO0.
ST. LOUIS, June 14.-Cattle; Re
CENTS 5000. including 500 Southerns;
native beef steers. 5.75ds75; cows and
heifers. 4.5OdS50; stockers and feeders,
s 25d7.50, calves. 500 Q1Q.25; Texas
steers. 625TS10; cows and heifers. 4.25
a S so. calves. 5.00G6.50.
mixed and butchers. Sg5Tq.OO; good,
SS5aS IS. rough. S 4OaS.55; lights. 80
q 9 90. pigs. .7.25QS.65; bulk, S-S5as 90.
Sheep Receipts. $500. market
steady: muttons, Asa 700; yearlinEs,
ESQ $50; lambs. 7.75GS.25.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
BULLS IN COMMAND
DESPITE BEAR NEWS
Shorts Begin to Believe Liverpool Bought Con
tracts in Good Faith.

of SEEMING security and has caused
widespread covering, extending to the
new crop months as well as to the old.
The latter have gone up faster, but
there has been steady tone through
out the entire list of futures.
The effect of the bulge in the con-
tract market has not been great on
spots, though at most centers quota
tons have been revised upward n
little and everywhere the disposition
has been to stiffen prices. Business
has been small. but it could hardly
be otherwise with offerings not heavy.
If the strength will continue IL will
be a big help in disposing of the
remnant of the old crop at a time
when business is usually very light.
Should the squeeze of July shorts
proceed. there is likelihood of sales
against the actual and subsequent
deliveries, but that has not yet be-
come a factor.
The domestic spinners are buying
sparingly, though some business vita
them is reported.
Their policy is still one Of waiting
and hoping that good prospects for
the new crop viii break the control
of the bulls. II is believed here that
some of the mills will be forced to
curtail production If they do not buy
raw material more freely.
Continuation of weather like the
past few weeks will mean bearish
condition report the first week in
July. though the cool spell Of the past
week has perhaps done slight Injury
There is some concern in the lower
part of the central belt over the boil
weevil From limited areas come re-
norris that the weevil is very numer-
Gus and already busy, but the real
test with him comes later.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

Atlanta. nominal, middling l2ia.
Athens. steady, middling ll&.
Macon, steady, middltng ia.
New Orleans. steady, middhng - 7-l6,
New York. quiet. middiing y IS.
Philadelphia, quiet, middling l2.45.
Boston, quiet. midGliUg 1875.
Liverpool, firm. middling 67Sd
Savannah, steady. middliug l2ss.
Augusta. steady. middling l2ls
Norfolk. steady, middling l2N
Galveston. steady, mlddling l2is.
Charleston steady; middling lie,
Wilmington. quiet. middl.ng l1Sa-
Little Rock. quiet nliddhng ia
Baltimore. nominal, 'middling 12A.
Memphis. steady. middling lzh
St Louis. quiet. midGliuE l2.
Houston. steady middling . lis
Louisville. firm; miGdling l2H.
Charlotte. steady middliug llA.
Greenville. quiet. middling y
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
THE WEATHER.

WASHINGTON. June 1.-THE
weather will be generally fair tonight
east ~ the Mississippi River. except
that thunder storms are probable in the
upper Lake region.
Temperatures win be somewhat lower
along the Atlantic coast from Maine
southwark 10 New Jersey tonight but
t viii change little elsewhere east Of
.re Mississippi River tonight and sun
day.
Do m Sunday.
Georgia Fair tonight and sunday
virginia Fair tonight and Sunday,
not much change In temperature.
North and South Carolina. Florida
Alabama. Mississippi and Tennessee
Fair Tonight and sunday
Louisiana and TeNas-Fair tonight
and Sunday.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
CHICAGO CASH QUOTATIONS..

CHICAGO, June 14-wheat. No. 2
red, l.O1a1O5 No. red, 9599s; No. 2
hard winter. 9SH G95 No hard winter,
92a94I5: No. 1 northern spring, 93hq
IS: No. 2 northern spring. 92d94; No. 3
spring. 91G9S.
corn, No. ?, 6OIka61a No. 2 white,
sea- d61St No. 2 yellow, sou q6l%s No.
g. 6OL n 63%: No. white, sos 461A
No 3 yellow. 60l2 d611s; No. 4, 591a q so;
No 4 white, 59& G601s; No. yellow,
594. 060Ia.
Oats. No 2 white, AN; No. 8 white.
Sslk q 4O1z No. white, 3SA qS9%i
standard, 405k al.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
LATIN.AMERIcAN IMPoRTs.

Hayti takes SO per cent Of its in-
ports from the United States. accord
ing 10 statistics compiled by the Pan
American States Association. Hon
duras Is the next best customer. TAX
ing IS per cent. while San Domingo
follows with 50 per cent. Panama
and Costa Rico get, respectively. Sc
and 81 per cent OF their foreign goods
from this country. Colombia. Ecua-
dor. Venezuela and Peru buy from 90
TO 80 per cent OF their merchandise
here.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Saturdays New
York Stock Market

The following table shows the
highest, lowest and closing prices
of stocks dealt in yesterday, to-
gether with the net change from
Fridays close.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

HAYWARD & cLARk's
.'N nnIIX cOTTON IETTER

NEW ORLEANS. June LITE
Financial Chronicles crop summary for
the week IS good The weather map
shows further Improvement by general
rise I'm night minimums, particularly IN
the Eastern States. Fair weather pre-
walls over the entire belt, except in
parts Of Texas, where IL Is cloudy. The
only precipitation was in south Texas.
uqications are for continued talr
weather for several days to come and
rising temperatures.
RANGE M NEW ORLEANS FUTURES
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Make of Pig Iron
Reduced in South

BIRMINGHAM, ALA. June IA
A buying movement IS expected by
Southern pig iron manufacturers Just
as soon as Congress adjourns and the
new tariff bin has been adopted. II
Is believed their business viii change
for the better. The make OF iron
in the Southern territory has been
reduced considerably and the month
Of June will show a decrease as COM
pared to May. There is plenty of
iron on the yards accumulated to
meet any demands.
There will be no trouble in increas-
ing the make again on very short no.
tice The iron on hand could not be
possibly moved OF before the make
could be increased many fold. IL IL
should be necessary.
The price Of pig iron In the South
eTn territory are Still low and inClin-
ed TO be weak. II l. figured that
there cannot be much more reduction.
No. Foundry Is now quoted below
$3.50 and some sales, in small lots,
are said to have been made at s1i
per ton. IL is not denied that the
profit Is limited with No 2 Foundry
selling at 81 per ton. Some OF the
larger consumers are still holding OF
though they need iron.
in lots of 500 and 1000 tons. delivery
steady.
Though reports are constantly
heard of a reduced untitled tonnage
at the steel plants in this district
there is no lack OF operations. Steel
prices show no weakening and the
product is being shipped out in diff
ferent directions rail being used In
great quantity right in the home ter
ritory. Wire is not as active as IL
has been but there is a good feeling
I'm other products manufactured in
the wire plants.
Announcement is made that within
the next thirty days the big plant
or the American Radiator Company
will have been completed at North
birmingham and an additional melt
of pig iron can be looked for.
BAR SILVER.
LONDON. June l4.-Bar silver quiet,
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
HEAvY LEMON STATEMENTS.

Receipts Of Sicily lemons at New
York this week and next Will equal
some sS1. 900 boxes, the largest supply
ever landed here in a similar period.
The size OF these shipments IS attrib-
uted 20 the agreement entered into
By the growers not 10 begin shipping
before MAY 10. While prices may
soften here under these shipments, IL
t. expected that the lack OF the usual
competition from California fruit will
prevent them from dropping very far,
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

unsettled, to say The least, but It also can view
Europe, where there has been and is much I'M
easiness.
Between now and July l, financial Europe
must provide for extraordinarily heavy settle
ments In France and in Germany the banks
are boarding gold, while London is not allowed
to retain the fresh supplies of bullion arriving
every week from South Africa and every gold
producing country.
Intense nervousness again has prevailed
abroad partly because of the new Balkan
scare, but mostly because Of strained monetary
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
RANGE IN NEW york FuTUREs
LIVERPOOL COTTON MARKET.

LIVERPOOL, June 14.-This market
was due to open ~ 20 points loWerS
10 80 points from last nights close. ~
the close the market was quiet win
prices at a net decline OF l5s 20 points
from Fridays finaL
Spot cotton I'm moderate demand az =
ooints decline: middling, 6.73d; sales,
GOO bales, Including 5000 American,
IMPORTS, s zoe bales, Of which all were
American.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
A IS TYPEWRITER NOW.

For the use OF beginners and those
who do not require a typewriter OF
standard make. a domestic manu-
facturer is putting a machine on the
market that retails al s.. u has a
universal keyboard, writes IN plain
sight, and Is said 10 be strongly built.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

ST. LOUIS, June 14.-No. ? red wheat,
95G1.O3; No. 8 red. 96d 96i4; No. 4 red,
S4d90; No. hard 9Od94la: No. 3 hard,
s7693; No. 4 hard S0Gs7
Corn-No ?. sou Q614.; No 5, so; NO
l. 50: No. ? yellow. 611s; No. 3 yellow,
6Od 81: No 2 white. 62Iz No. 3 white, So.
Oats-No 2. 3S& a SO: No 3. IS =: No.
4. S71: No 2 white. AZ: No white, 40
q az: No. 4. 80; standard Az.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

CHICAGO, June 14-Grain prices were
boosted sharply on the lack Of moisture
in the grain growing sections of the en-
tire country, coupled with promise OF
a period Of hot weather for several days
to come The advances included = 81 &c
for wheat. lts917sc for corn and l a 4
lac for oats. The seaboard reported 70
loads OF either Manitoba or No. / North
ern for export
Provisions were lower and we're under
more or less pressure all day.
CHICAGO GRAIN MARKET.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Stocks Close Strong;
Dan Reid a Leader
BY CHARLES W. STORM.

NEW YORK, June 14.-Mixed senti-
ment was shown in the stock market
at the opening to-day. considerable at
tention being paid 20 the specialties,
some Of which made material gains.
Canadian Pacific in consequence of Lon
don strength began y higher, but sub
sequently shaded on proht-taking.
Amslgamated Copper commenced \
up, but after a half hour was selling be-
low Fridays final Chino Copper was
of q, but Utah Copper was q higher.
The railroads showed no better ad-
vance than the industrials.
Among the gains were Union Paclnc,
Y Southern Railway, u; Reading, = {;
Lehigh Valley. Is; Pennsylvania,
New York Central. Il Missouri Pacific,
"a Kansas City Southern. p; Erie, "a {;
ST. Paul. q: Brooklyn Rapid Transit,
4 American Car and Foundry. Y, and
United States Steel common began
with the gain Of 4, but soon sold for
net loss of II. New York. New Haven
and Hartford continued its weakness,
selling around 1904 for a loss Of y.
American Smelling was under moderate
pressure. losing y.
A considerable share Of the firmness
came from covering for the weekend.
Brokers reported much activity among
followers Of Thomas w. lawson and
Daniel G. Reid.
Inc CuTD market was stedNgs
' The market closed strong. Govern
ments unchanged; other bonds weak.
NEW YORK BANK STATEMENT.
NEW YORK, June 1.-THE weekly
statement Of the New York Associated
Banks shows the following changes:
Average Statement.
Excess cash reserve, $34, $50, 900.
Increase, SS,197. $50.
Loans, decrease, $14,O97. 900 specie, in
crease, S7.Os9, 900.
Legal tender. increase, 1853. 00G.
Net deposits, decrease, S5,6Z9, 600.
Circulation, decrease, S24.0
Actual Statement.
Loans. decrease, SS.S6y. 600.
Specie. increase, SO, SIS, 900.
Legal tenders. increase, $4,000.
Net deposits. increase, s4402, 900.
Reserve, increase. SS,S24.0
MONEY AND EXCHANGE.
NEW YORK. June l4.-Posted Rates:
Sterling exchange, 4S3d4.S7, with
actual business in bankers bills at
4s66O for demand and 4.S2% for 6O-day
bills.
NEW YORK COFFEE MARKET.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

BOSTON. June 14.-Opening: Swift,
lOiL; Superior Boston, ga Nevada
Consolidated 15is: East Butte, 10
Alaska. SIS.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
ONFIDENCE IS
HOLDING Up TRADE; EAST
. IS BLUE, FORBES WRITES
Crop Report Justifes Enthusiasm-Buyers of
Safe Securities Sure Of Good Profits and
High Yield-Meanwhile Wall Street Is Up
set by Rate Decision and Affairs Abroad.
NEW YORK. Jun
By B. C. FORBES.

NEW YORK june 1.-THE East suffers from lack of con
fdenee-the West from overconfdence.
The only American affairs, which
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
CHICAGO CAR LOTS.

Following are the receipts for Satur-
lay and estimated receipts for Monday:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
PRIMARY MOVEMENT.
LIVERPOOL GRAIN MARKE'

LIVERPOOL, June 14-wheat closed
ID lower
Corn closed I'D lower.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

conditions The SITUATION has become critical that the leading
international bankers have agreed check output
of secureshe German loan of $5620OO0 was
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
Lack of Moisture
Makes Grains Firm

ST. LOUIS CASH QUOTATIONS.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

BAR SILVER.
LONDON. June l4-Bar silver quiet,
27l4d.
NEW YORK. June Monumental
bar silver 59hC, Mexican dollars 4Sc
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

Total sales, 2ss, 900 shares.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
MONEY AND EXCHANGE.

NEW YORK. June 14.-Posted Rates:
Sterling exchange, 483d4S7, with
actual business in bankers bills at
$3.50 for demand and 4S2% for 6O-day
bills
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
NEW YORK COFFEE MARKET.

Coffee quotations.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15
MINING STOCKS.

Closed STEADY Sales, 1850 bass.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-06-15

The Ohio Fuel Oil Company sor
the year ended April 80 has net
sarnings available for dividends
for S2u53..S6
The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1913-12-20
! DIARY FOR CHRISTMAS GIFT
Peculiar but Pleasing Remembrance
Showing Absent Friend Was In e.
Mind Of Donor.

On Thanksgiving day q man sat
down and began to write to distant
friend. But he wrote only q few
lines, and laid 1t aside. The next day
he took up the pen. put down the new
date. diary-fashion, and wrote some
item of news Of interest to them
both.
So each day from Thanksgiving till
Christmas he added something to the
letter, as he would. In a diary, end.
ing and mailing II just in time to
reach his friend on Christmas morn
ing. At the top he had written this
message:
This IL all the gift you get from
me this year; but It carries more
thought OF you and more love. imag-
inc. than do some more costly ones
I am sending. But just put II In your
pocket for dull January day. It viii
keep"
And this was a letter from . matl
to mani Damon and Pythias, David
and Jonathan still live In our prcsaia
American business world -Mother's
Magazine. -
The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1913-12-20
PRESENTS BOUGHT FOR SHOW Il
Exploiting Ones Own Vanity In Be-
stowaI Of Gifts 10 Poor
Policy.

The most miserable Christmas pres
emit, the kind that no human being 10
rich enough to afford, is that which
IL bought to make show. to exploit
ones own vanity.
When you are tempted to buy .
"show OF" present, remember that the
recipient has some rights. One who
understands will be made unhappy
by that kind of gift. You know your
self that when you receive a pres
emit that represents great sacrifice
on the part Of the giver 1t makes
you feel miserable. even when the
right spirit is behind 1t.
The cost in money is about the
poorest OF measures for any kind Of
q gift. The thoughtfulness In 1t. the
recognition OF desire for things un-'
asked for, the affection that goes with
1t, counts for much more. Every
Christmas each Of US receives mes
sage that means more than the most
expensive gift. Yet we forget that
sometimes In the perplexing selection
OF presents for others.--Woman's
Home Companion.
The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1913-12-20
A Christmas Stocking.

1t is not always the gift itself, but
the way in which 1t is presented that
commends itself particularly to the
recipient. To the girl who thinks
she Is too old to hang up her stock.
ings. send pair Of silk stockings. us.
ing one to fill. and roll up the other
and stick 1t In the foot. The rest OF
the stocking should be filed with i'm
expensive trifies--a homemade jabot.
tie or collar, handkerchief, some
candy, nuts, raisins. crab apples. a
card or calendar. perhaps some lit
tie kindly hints at her hobbies that
win amuse her. Each of these ar
ticles should be wrapped separately
IN tissue paper and red ribbons, and
the excitement Of opening the mystic
rious small packages will often exceed
the pleasure taken In one large gift
that would have cost no more than
the numerous small ones.
The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1913-12-20
Just q WARNING.

Ifyou are going TO spend the Christ
mas holidays with the family of
your small niece aud. nephew. don't
forget to make the youngsters pres
emit 6f d drum and trumpet. =. q
The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1913-12-20

doesn't like C's. What are you going
to give him insteadT The FIRST child
replies with word that does not con-
tain &C." For instance: Meat"
would be> correct answer. but rice"
would not do. II a correct answer 10
not given by the time the leader
counts "ten." forfeit must be paid.
And We all know the fun of redeeming
the forfeits.