davidaulloa/AmericanStories huggingface dataset:
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06
BALKANS YET
OFFER MENACE
TO PROSPERITY
European Affairs Improved, but
Vast Room Remains for Further
Progress, Says BOersanier.
By BOERsANIER.

CHICAGO, July s. 1t is univer-
sally agreed that the Balkan war dis
organized the worlds finances. 1t
frustrated what promised 10 be an
exceptional boom in the United
States. II stopped prosperity in Can
ada with an abruptness that threw
the economic machinery Of the Do
minion almost into chaos. Europe,
from the eastern end of Russia TO
France, from Norway to Italy, was
thrown into confusion.
As Europe was the origin of the
trouble, Europe is watched with keen
and anxious eyes for signs Of recu-
peration.
Europe is convalescing, but the con-
valescence is perceptible only to the
eyes of the home expert Too much
was expected of the immediate effect
of the signing of the premiinary
treaty between the warning countries
An avalanche of fresh issues came
on the market; securities attractive
in form. substance and price. A few
had scarcely been absorbed when an
eruption occurred among the Turks
conquerors.
With the hereditary foe permanent
ly vanquished, it had been unreason-
able to expect all of the conquerors
to lay aside their weapons and go 10
work. A fighter can not be converted
into a dull and prosaic laborer in a
day Besides, there must be d para
mount power among the allies, just as
Prussia holds the whip hand in the
GermaniC confederation. The clash
between Servia and Bulgaria is
contest for supremacy in the Balkans.
This may be troublesome. In the
meanwhile, Germany is in need Of
capital, and Reichsbank, I'm its desire
for gold may pay a stiff premium,
even as France paid it. Americas
monetary position is better, but no.
yet strong We have the double task
of moving full average crops and of
financing a large number Of short
term notes.
Briefly, the worlds finances are not
in a state to stand alarms and eX-
cursions in Europe. All the liquid
capital that can be available the com
ing autumn will be wanted, and any
action that tends to check the flow Of
capital might be embarrassing, I'M
agine. for example, what the effect
would be if at the approach of autumn
Paris took a gloomy view Of interna-
tional politics and began TO call in
her money All who depend on French
finance would find liquid capital, in
stead of expanding with the autumns
needs, contracted just when most
wanted.
II these are the conditions of the
worlds finance, it is surely clear that
what is needed now is not merely
peace, but open good will and good
understanding throughout Europe.
In a short sentence, Europe has
improved, but the room for further
improvement Is vast.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06
Coal to Cost More
Within Next Year,
Declare Operators
Export Demand One Factor in Gre
ating New Markets for Product
of Southern Mines.

KNOXVILLE, TENN. July Goal
operators in the Kentucky and Tenncs-
see fields. whose output moves largely
into Georgia and adjoining States. re-
port that the market is in better condi-
ton at this season Of the year than ever
before. Prices are averaging from sc to
loo per ton higher than one year ago.
with a strong demand for all grades.
1t Is understood that contracts for rail-
roads involving between 1OO0. 600 and ?
100000 tons have been made at an ad-
vance of 10 cents per ton over the con-
tract price of last year. This quantity
OF coal VIII be taken out Of commercial
channels. and will help advance prices
during the next twelve months
The demand for steam and domestic
coal Is unusually good for this season OF
the year, and most operators have sold
their entire output up TO September
ana are not anxious. TO make quotations
for shipments Of ] mestic Goals after
that date as they believe a strong mar
ket will develop in the fan and winter.
There has been a slight let-up in the
past 30 days for the finer grades of
steam coal, and the increased produce
ton in domestic has caused 3-inch
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06
and Vies by erts of Finance Industry Crops and

steam and nut and slack to be more
plentiful, so that nut and slack is SELL
ing from sc 10 Toe less than 80 days ago
An unusual feature is car shortage
Operators believe this indicates a serious
shortage in the late fall and winter
months
There are several causes why prices
on coal going from all fields into Geor-
gia territory viii probably be higher
during the next twelve months In the
first place, exports of coal during the
past ten months have been greater than
ever before especially from West Viz
ginia fields.
This relieves the pressure of coal from
that field on the other Southern coal
fields. Alabama also Is finding new
markets at Gulf coast points and for ex-
port which takes away some coal going
into the Southeastern States. Alabama
is coking considerable, coal and this
coke is going into Md lean and far West
points. Large operators in Kentucky
and Tennessee are successfully invading
the Central and Northwestern States
with domestic coal which, because Of
its high quality, successfully completes
in those parts with coal from all other
fields. This diverts a large tonnage
which has been going into Southeastern
States
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06
Carnegie in Favor Of
New Currency Bill
President Wilson Should Stand Firm
if Opposition Develops to
His Plans, He Says.

ZERMATT. SWITZERLAND. July
5.-Andrew Carnegie is keenly inter
ested in the fate of the banking re-
form bin as presented to Congress by
President Wilson.
1T is the most important and moss
necessary legislation on which Amer
lea has had to decide for years" he
says, the present American currency
system is a disgrace to the country.
1t is not true that bankers and lead .
ing business men are opposed to the
measure That is nonsense The
best bankers and business are for the
reform. The Aldrich bill is all right
and so long IS the principle thereof
is maintained l do not care about the
details.
IF opposition should develop. nv
advice to President Wilson is to stand
firm. When a panic starts other
countries and governments possa -
the power to step in and act Some
spectators fail. it Is true, but il Is
a good thing that they should do so.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06
Jacobs Bed Bug Killer

QUICKEST and st, better than powder
because it soaks into the pores Of wood and
gets deep into minute crevices and under
surfaces where the insects lay their eggs
1t destroys instantly both bug and egg, and
will completely eXterminate these awful
pests A powerful preparation, and if bed
steads are cleaned with it occasionally dur
ing the hot weather the insects will not
come to your premises, even though they
may be in neighboring houses. Brush free
with every bottle.
4 OF. Csc, pit. SOC, at. 75c, IL gal $3.50
KreloI Prevents Sickness-Powerful disin-
fectant and germicide. Use it regularly
about sinks, pipes, toilets garbage con
tanners, outhouses, etc 1t destroys in
stantly all germs stops the increase Of
flies and mosquitoes which carry germs
and spread disease. Krelol is a preventive
of disease and should be used regularly.
Better than carbolic acid in sckroom;
more powerful than ordinary disinfec-
tants. hence more economical, as less is
used. 4 OF. 25c, 10 OF. SOC, qt. 75c; IL
gal S1.5O,
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06
Southern Railway
POurS Are Sagging
Increased Dividends for Preferred
Fail to Cause Rally Because of
Underlying Conditions.

NEW. YORK, July General in
vestment conditions have operated
against an advance in Southern Rail
ways development and general mort
gage per cent bonds after the pre-
ferred stock was put back on its reg
ular per cent basis. Around "a, the
bonds are only four points above their
lowest level. At present price they
yield more than $50 per cent.
However. the decline has not been
as marked as in the high grade saw
ings bank issues. These have suffered
losses of 8, 6 and points, while the
Southern As are off only about Az
points from the high of this year.
The Southern has more mileage
with low earning power than any
other important road in its territory.
However. its branch mileage is a
source of strength, as indicated by
the steady increase in gross and net
earnings every year since 1909. De-
velopment of the South tends to in
crease the earning power of these
branches. AS yet little new capital
has had to be spent on them.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06
English Carpets to
Invade U. s. Markets
Tariff Situation Closely Watched,
and Any Opening Will Be
Seized by Britain.

NEW YORK July 5.-Reports
from carpet and rug manufacturers
show that their mills are fully occu-
pied in getting out orders which have
been placed for the fall season. Re
ports to the effect that certain mills
were closed, or partly closed down,
have been promptly denied. The
heaviest sales for the season have
been on administer rugs, and some
additional orders are still coming
from buyers who do not believe that
they are sufficiently covered.
The opinion is becoming more gen.
eral that fall prices were opened too
low. Raw material has continued to
move upward, and is in very short
supply There are a good many In
the trade who believe that the tariff
bill will not be passed in time to BE-
of much service for the fall season,
in the way of getting wool in free.
According to representatives of car
pet houses in this market who have
Just returned from visit to the man
ufacturing centers abrosd there viii
be keen competition on the part OF
kha 9ritish mills for American trade.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06

mon members of the exchange to ex-
plain acts which have been called
into question, and to inquire into re-
lations between members and Gus
toners.
If a stock begins to act strangely,
the committee finds out VINO is buy
ing and selling it. and the buyer and
seller have to explain all about their
transactions.
The committee reads carefully mar
ket letters sent out by commission
houses. If it be decided that the con-
tents are too much on the order Cf
tips" the house responsible therefor
Is warned that more matter Of fact
statements must be substituted Tor
prophecies.
The formation of the committee on
business conduct was one of the first
products of the reform movement. The
idea Of having a number of RESPONSE
BILE members in a position to get
closer to the inner workings of the
exchange than the larger board OF
governors was able to do was con-
ceived by a special committee ap-
pointed to consider the matter Of
handling margin accounts and re-
hypothecating securities and devise
measures which will serve more fully
to protect the public"
1t is doubtful If the rank and file
of Stock Exchange members realized
how widespread would be the duties
of the new organization. 1t was
dubbed the police committee at first
and an impression prevailed in some
quarters that the most onerous work
of the members would be to prevent
horseplay on the floor. Those who
allowed this thought to submerge
more weighty considerations were
quickly disabused of IT.
Educational Campaign.
Another direction taken by Stock
Exchange reform which stands out
prominent in the history of the past
six months is in the way of education.
There was a time, not so very long
ago, when information about opera
lions on the board was extremely hard
to get The attitude of the authori-
ties seemed to be that the public did
not need to know anything about a
lot of matters Such is not the case
at the present time.
A committee has been formed which
supplies inquirers with answers to all
reasonable queries as to stocks, bonds
earnings of companies and methods Of
business on the exchange. Further
more, this committee has carried the
campaign Of education to the public
instead Of waiting for the public to
appear in Wall Street.
Hundreds of thousands OF periodi-
calls and newspaper clippings dealing
with the Stock Exchange are dis
tributed throughout the country
monthly, and no opportunity is passed
for disseminating information about
the Stock Exchange in the year 1913.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06

MEMPHIS, July 5.-If there is rea -
sonably good weather in the cotton
belt during the next thirty to forty
DAYS the foundation will be laid for
crop that should put at rest talk of
very high prices during the ensuing
fall and winter. At the present time
there is ample basis for looking for
the second largest crop the South has
ever grown, some extremists talk of
a possibility of it running the 1911
hardly worthy serious talk, for acre
age, according to official authorities, is
not equal to that season, and condi-
ton at the time of the last compila-
ton was several points lower. AS
conditions during the latter half of
the summer of 1911 were rather alb
normal in more ways than one and are
not likely to be repeated, it is not
conservative to expect the yield TO
reach within million bales of the
record.
The past week has been a period
of crop Improvement, though there
still is basis for complaint, and con-
tinued ideal weather and growing con-
ditions are necessary if the basis be
laid for much excess over the season
now drawing to a close
Rains Not General.
There have been rains where need
ed, supplying the moisture essential
to the plant catching up its late
start and taking on fruit, yet as rule
they have been local in character and
rf{o
piled. Others have not had enough to
do more than temporary good and
very soon permanent injury to pros
poets may result. The high tempera-
lures in the central belt were not
ideal, except where showers came and
enabled the plant 10 take on size. Re
ports reaching here from the Eastern
belt have told of improvement, though
not by any means uniform.
The handicap to the crop continues
to be its lack of size, which, the first
week in July, is worthy of serious
consideration. The season is at hand
for fruiting, and if the plant is not
well developed chances are against il
becoming heavily fruited. The rains
have helped considerably. but there
have not been enough of them and
there still is the danger of drouth
later.
Cleanest Crop Known.
Cultivation has gone ahead under
favorable conditions and the crop is
perhaps cleaner than ever known.
which is a feature of Importance as
to yield and the quality of the crop.
1t is difficult to conceive how con-
ditions can arise that will cause the
fields to become grassy. The crop
will be laid by under the best condi-
tons in years and in many sections
earlier than usual, though it will not
be an early crop when size and ma
turity of the plant is considered.
The depredations of the weevil In
the infested sections have been
checked for little has been heard dur
ing the past week in regard to them
The hot sun and lack of moisture
have helped to check the pest, while
the vast numbers caught and de
stroyed have also been a factor. Tow
ever. IL is now between seasons with
the pest, and the reai test as 70 what
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06
Stock Exchange Working
Hard tOReStOreC Confidence
Old Secretive Attitude Gives Way to Campaign
of EducatiOn-Queer Deals Cease.

NEW YORK, July 5.-Nearly a
half-year has gone by since the New
York Stock Exchange began meas
ures of reform, and il is possible to
gain a retrospective view Of the re-
suits obtained. 1t may be- said that
the leaders in the movement are sat
istied with what has been accom-
plished toward improving the general
morale of operations in securities, and
the groundwork laid for lifting the
exchange above public reproach they
believe to be secure.
The government committee has, in
the first place, made application in
recent months of the old adage about
an ounce Of prevention and a pound
Of cure. The committee has worked
to eliminate incipient evils before
they grew large enough to be sub
Jects of general comment in the
Street. The infiiction Of discipline
and there has been much discipline
infiicted-has been gone about quiet
ly, with the purpose of curbing in
fraction of the rules before greater In
fractions could occur. The effort has
met with much success.
In consequence, largely, the ex-
change is entitled to considera BILE sat
isfactiOn over the fact that while re-
cent sharp declines in the interna e
tional markets brought in their train
a number of failures in London. Paris
and Berlin, not a single New York
Stock Exchange house got into trou-
BILE.
Manipulation Dead.
Manipulation is dead on the ex-
change said a prominent member
yesterday. The governors have
placed themselves 80 rigidly in OPP
position to every possible method of
creating a fictitious market for a
stock that no one would dare make
the attempt An outside operator
might possibly try it, but the odds
are greatly against any Stock Elk
change house keeping his account If
his trading became a matter of sus-
picion. There is no doubt about that.
The committee on business conduct
would take care of that end of the
problem"
The committee on business conduct
is, without doubt, the best adjunct to
proper management of the exchange
that has been added to the executive
power in many years. The commit
tees function is to enforce proper
conduct between members and their
clients, to prevent reckless or unbusi-
nesslike transactions on the board
room floor, and to throttle manipula-
ton. The scope of it's influence is
clearly seen in these three items.
Committee of Wide Powers.
The business conduct committee
consists Of five members, all of whom
are members of the governing COM
mittee. The members have the power
of examining the books of any Stock
Exchange house at any time, to sum-
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06

HE first time that Castor Oil has been
presented in a form which is positively
pleasant both in odOr and taste which does
not offend the stomach, return nor in any
way manifest the usual disagreeable prop
critics of the oil.
This Elixir has a slightly sweet taste
with an agreeable sharp tang; it is taken
without any DISBURSEMENT, and no one can
tell that It is other than a pleasant tonic
It is a cold pressed oil with aromatics
carminatives and 2 grs. phenolphthalein to
the ounce, which increases its efficiency as
a mild purgative and at the same time re-
duces the dose Children and infants like
it. You will be more than satisfied with
It. 25c
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06
DRESS GOODS DULL.

Business is quiet in the dress goods
market at the moment. Buyers refuse
to contract ahead until the tariff has
been settled definitely Cancellations
are not so heavy as might be expect
ed in view Of the unsettled condition
of the trade
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06
HOSIERY MOVES WEI.

Hosiery manufacturers who have
put their spring G91A lines on the
market do not anticipate great diff
Guilty in selling them up quickly In
several instances the biggest part of
the seasons production has already
been contracted for.
Atlanta Georgian. [volume] (Atlanta, Ga.) 1912-1939, 1913-07-06
KNITTERs MAY STRIKE.

The unsettled condition of labor in
the sweater end of the knit goods
trade is causing the manufacturers
some concern. Some of the mills
making these goods have already had
strikes, and it is said that other out
breaks are not unexpected.
Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-12-23
Wilson Makes Seventeen
Diplomatic Nominations

WASHINGTON, Dec. 23.-Presi-
dent Wilson today made these nom
nations:
United States attorney, northern
district of West Virginia, Stuart w.
Walker; secretary of embassy, Mad
rid, Fred Morris bearing, of Mis-
souri,.
Second secretaries: Thomas Hinck-
ley, of Washington, ID. c., at Vienna;
Arthur Hugh Frazier, of Pennsyl-
vania at Paris; George T. Summer
lin, of Louisiana, at Berlin; Henry
Coleman May, Washington, d. c., at
Toxic; Arthur Mason Jones, OF New
York, at st. Petersburg.
Secretaries of legation: Hugh 5.
Gibson. of California, at BRUSSELS;
Gustaye Scholle, of Minnesota, at
Habana; Francis Munroe Endicott,
of Massachusetts, at San Jose, Cocta
Rica: Nj. Marshal Langhorne, of
Virginia, to the Netherlands and
Luxembourg; Sheldon Whitehouse, OF
New York, at Managua; Franklin
Mott Gunther of Virginia, at Chris
tiania: James G. Bailey, of Ken
lucky, at Lisbon; William Whiting
Andrews, of Ohio, at Berne; Willing
SPENCER. of Pennsylvania, at Cara
cas-; second secretary of legation:
frederick Asterling, of Texas, at
Peking: secretary of legation and
consul general, Henry F. Tenant,
of New York at San Salvador
Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-12-23

Work on the big Christmas tree
erected yesterday in Military Park is
rapidly progressing. and according
to indications, Newark's first expert
ment in municipal trees will prove a
success. Electricians are swarming
all over the forty-eight feet of the
enormous tree, stringing electric
lights about it's branches. More than
$500 colored lamps will sparkle cheer
fully on Christmas eve.
1t took the workmen nearly all
day yesterday before the tree was
firmly planted in its twelve inches of
soil. Once. at 2 o'clock yesterday aft
ernoon, one of the four guy wires
snapped and the big tree crashed to
the ground. All of the work of the
morning had to be done again, and
it was not until late in the afternoon
that 1t was completed.
A platform for the accommodation
Of the visitors at the exercises, which
will be held Christmas eve, is now
in the process of construction. The
Municipal Christmas Tree Associa-
ton, which is supervising the work
yesterday accepted the offer of the
Newark Bill Posting Company for
the use of two large Autographed pic
lures of the Nativity" These pic
lures, in twelve colors, will be placed
as background to the platform, fac
ing Park place. 1t was announced at
Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1913-12-23
MORRISTOWN HIGH SCHOOL STUDENTS MAY
LEARN CATHOLIC OR PROTESTANT PSALMS

again until plan is evolved whereby
students may study their own YER
sion. George Harris, teacher of Eng
lish in the high school, said today
that plan was being formed, but he
said he was not at liberty to divulge
its status; nor could he say when 1T
would be put into effect. Superin-
tendent Wiley could not be seen and
Mr. Harris spoke for him.
"As | understand it, he declared,
1.-The letter from Dean Brown was not
complaint but was intended merely
to call Mr.. Wiley's attention to the
fact that the twenty or more Catholic
students in the High School hal to
study the Bible against their will.
The study was Immediately discon-
tinued.
Il had been teaching one psalm a
month There was no recitation or
discussion on 1.-THE students simply
wrote 1t at the end of the month as
they remembered it. The colleges de-
mand it,"
Dean Brown is the head of the
Catholic churches in Morristown. Mr..
Wiley is said to be a Presbyterian.
There are about 40 students in the
High School