Georgia Historic Newspapers

    6
FINANCIAL
DISPATCH
BY BTTTABT F. WEST
WALL STREET, New York. May
17.—Two things happened to depress
the security markets this morning
and thereby to check the more cheer
ful feeling prevalent at the close of
last week. One was the stress laid
over Sunday upon the seriousness of
the railway tie-up. The other was
the renewal of liquidation of the
came urgent character as went on
all last week in the Investment bond
market, This selling extended to
some of the dividend-paying rails and
other stocks of the investment class.
• Apparently, some other large
speculative lines, picked up last
week, on whiih there was small
profit, at the opening today were
hastily thrown over because of dis
like of the railway developments. It
was simply the closing out of recent-
Jy acquired speculative holdings
without any fresh liquidation in the
speculative portion of the market.
The selling bore heavily upon the
stocks which had been strongest at
the close of last week.
Baldwin Locomotive, the Pan-
Amerlcans, Royal Dutch and Mex
ican Petroleum and the steels were
offered down sharply, and so were
the motors, in expectation that the
interstate commerce commission
would come out shortly with a pri
ority order which would discrimi
nate in favor of foodstuffs, fuel and
tne necessaries of life and against
the other industries. But the elimi
nation’ of some of last week’s buyers,,
without any fresh selling of im
portance, merely put the market back
in the same general position in which
it stood last Friday. The gain of
Saturday was effected, but nothing
more serious.
There has been quite a bit of
new short selling on the idea that
the railway transportation difficul
ties, plus the liquidation in the In
vestment list, would precipitate a
renewal of the general decline. But
as prices came within range of last
week’s low levels it was quite ap
parent that few stocks were being
offered except what were being put
out on bear contracts. By midday,
the bear raiding having proved en
able to make any impression, cov
ering purchases set in and prices
rallied all around.
Just why Wall street should have
been as pessimistic as it was over
the railway news was hard to see.
Pedhaps it was because the morning’s
dispatches were not properly under
stood. The priority order, if issued,
will hold back many lines of busi
ness for a while but business men
will hardly mind this when they
realize that it is a necessary step
toward clearing up the traffic mud
dle and thereby removing the prin
cipal cause of uncertainty in the In
dustrial situation generally.
As for the declaration of the rail
way brotherhood heads that the
transportation Industry faces a
breakdown because labor is not prop
erly paid and is therefore Inefficient,
its value is to be measured by its
disinterestedness. It is still more
absurd to represent, as one Wash
ington correspondent said this morn
ing, that the railway tangle is lead
ing up to a return of the roads to
government operation and to ulti
mate government ownership. It was
only because government operation
was inefficient, because it did not
know how to handle the distribution
of the car supply, and because it was
parsimonious in its purchase of new
equipment, that the freight conges
tion became what it now is. To try
to lay the blame upon private man
agement and pretend that this is an
argument for the re-assertion of fed
eral control is therefore preposter
ous. Fortunately for the good of the
business community congress is go
ing to adjourn very soon and there
will be no opportunity for any rail
way agitation, even should the fire
brands want to bring it up.
The selling in the investment por
tion of the market was the most se
rious feature of the • day. Liberty
bonds were weaker than ever. They
broke 50 cents to 80 cents in the
SIOO all along the line. The weak
ness naturally spread to other old
line investment issues of the type
of first and consolidated mortgage
railway bonds. These were off a half
a point or more and in many in
stances were down close to the bot
tom of the year. There was no re
flection of course in these declines
upon the value of the securities con
cerned. It was simply a case of
liquidation forced by the exigencies’
of the credit situation, business men
being compelled to sacrifice their in
vestment in order to provide money
for their business which they could
no longer readily obtain at the banks.
As expected, the call money market
locally was easier. While the re
newal on standing loans continued
at 8 per cent new funds were of
fered freely at this figure all day.
Punta Allegra Sugar
Up to the first week of this
month,' according to those in a posi
tion to know, the three plantations
of the Punta Alegra Sugar company
had produced 556,983 bags of sugar,
as against 510,987 in the same period
last year. With reasonably favora
ble weather conditions, the Punta
San Juan plantation will continue to
grind well into June and this would,
assure the company the full pro
duction that was estimated at the
beginning of the year. Weather con
ditions throughout Cuba generally
have been unfavorable, so that ear
lier estimates have almost Invariably
had to be revised downward, and
Cuba would do well now to produce
as much sugar as it did last year
as aganst earlier estimates of a crop
SOO,GOO tons in excess of 1919. While
Punt* Alegra perhaps will receive
a somewhat higher average price
for its crop than the general run of
Cuban producers, owing to not hav
ing made heavy sales of sugar be
fore it was actually harvested, there
has been no disposition at any time
to hold out for fancy prices. On
the contrary, the management has
adopted a policy of disposing of the
balance of the crop at market prices
as rapidly as transportation facili
ties are available.
Atchison
The annual report of Atchison, To
peka and Santa Fe for 1919 make a
rather remarkable showing accord
ing to one of Wall street’s railroad
experts. The company was one of
the few to make a profit for the gov
ernment during two years of federal
control and also was able to earn
its dividend requirements on its own
operations in each of those two
years. The federal compensation
amounted to $44,615,087 as compared
with $42,885,310 in 1918. There was
also a notable Increase in other in
comes which brought the balance
available for dividends up to the
equivalent of 16.5 per cent on the
common as against only 10 per cent
the year before.
This item of Income is entirely
abnormal, it is said, including, as it
does, revenues and credits applying
in part to previous years but receiv
ed during 1919. But even disregard
ing these abnormal figures, actual
earnings for the stock would figure
out about 9.5 per cent.
American Sumatra
* The American Sumatra financing,
accomplished by the issue of $6.-
564,000 five year seven and a half
per cent convertible notes, will put
the company by far in the strongest
position it has yet held. The new
capital stock, sold in 1918, supplied
funds for the acquisition of new
properties which were valuable to
the expansion of American Sumatras
business. The surplus, which has
been absorbed by the constantly
growing requirements for working
“•fpiial Incident to the Increase in
volume of business done and to the
high price of the product.
The purpose of the present note
issue Is primarily to clear the com
pany of all floating debts; When
Jits done, the financial position,
i?hich is always measured in tne
case of an Industrial concern by the
excess of current assets oven current
liabilities, will be exceedingly
strong. In the circular to stock
holders announcing the new note of
fering. the president of American
Sumatra estimates that for the cur
rent fiscal year, which ends July 31.
net profits before taxes will amount
to about $4,300,000, which will leave
in the neighborhood of S2O a share
after a liberal allowance for taxes.
The president’s statement goes on
to say taht despite increased output
the company has been unable to fill
all orders received and has had to
adopt * rationing system among its
customers. From the stock market
standpoint it is easy to so that Su
matra has been kept back until this
THE ATLANTA TRI-WEEKLY JOURNAL.
GRAIN
CHICAGO. May 17.—Declines in the price
of corn took place today largely as a re
sult of predictions that the interstate com
merce commission would soon use emer
gency measures to move grain more rapidly.
Opening prices, which varied from unchanged
figures to %c advance, were followed by a
decided setback all around.
Oats paralleled the action of corn.
Provisions weakened with grain and hogs,
CHICAGO QUOTATIONS
The following were the ruling prices ti
tho exchange today:
Prev
Open, High. Low. Close. Close.
COHN—
May .... 195 195% 1W 195’5 196%
July .... 178% 179 -74’4 176% 178'4
Sept 165 165»4 161% 163% 164%
OATS—
May .... 106% 107 105% 107 106%
July’ .... 93% 93% 91% 92% 92%
Sept 76% 76% 75% 76% 76%
I'oRK—
May 35.75 36.00
July .... 37.00 37.00 36.62 36.75 37.00
LARD—
Mav ....' 20.12 20.37
July .... 21.25 21.25 20.80 20.90 21.20
Sept 21.97 22.00 21.57 21.72 22.02
RIBS—
May 18.00 18.35
July .... 18.75 18.75 18.52 18.60 18.75
Sept 19.50 19.55 19.20 18.35 19.55
RECEIPTS INCHICAGO
Today.
Wheat 4 carß
Corn 65 cars
Oats 68 cars
Hogs ■ ■ ... ■ • ... ... ••• ••• • ■ 44,000 head
GRAIN MARKET OPINIONS
Barlett, Frazier & Co.: Declines in corn
are likely to prove only temporary.
Clement-Curtis: The market will respond
sharply to large or small receipts during
rhe coivAig week. ,
Harris. Winthrop & Co.: We strongly urge
the marketing of corn. Present prices are
without any substantial foundation.
NEW YORK PRODUCE MARKET
NEW YORK, May 17.—Flour, quiet and
unchanged.
Pork, quiet: mess. $42.00(5'43.00.
Lard, easirt; middle west spot, §20.70@
20.80.
Sugar, raw. stronger: centrifugal, 96 test,
21.57; refined, strong; granulated, 19.50@
23.. 00.
Coffee. Rio No. 7 on spot, 15%@15%c;
No. 4 Santos. 23%@24%c.
Tallow, dull; specials, 14%c; city, 13%c.
Hav, weak; No. 1. $3.05@3.10;; No. 3,
$2.75@2.80: clover, $2.70@3.00.
Dressed poultry, quiet; turkeys. 50@56c;
chickens, 38@43c; fowls, 38@44c; ducks,
32@38c.
Live poultry, dull; geese, 18@22c; ducks,
20@23c: fowls, 38@39c: turkeys, nominal;
roosters, 23c; chickens, broilers, 40@90c.
Cheese, quiet; state milk, common to spe
cials, 20@22c: skims, common to specials,
5@22c.
Butter, firm: receipts, 3,395: creamery, ex
‘ tra, 62@62%c: do. special market. 63@
63%c; state dairy tubs, imitation creamery,
firsts, 45@62c, nominal.
Eggs, firm; receipts. 23.935: near-by white
fancy, 53c; near-by mixed fancy, 46@52c;
fresh firsts, 44@49%c;’ Pacific coast, ex
tra, 48@53c.
CHICAGO PRODUCE MARKET
' CHICAGO. May 17.—Butter, creamery,
extras, 57%c; creamery standards, 37c;
firsts, 54@56%c; seconds. 47(f?51c.
Eggs, ordinaries. 37@38c: firsts. 41(??42e.
Cheese, twins, 25%c; Young Americas,
39c.
Live poultry, fowls. 37c; ducks, 35c:
geese. 20c.
Potatoes. 19 cars: Wisconsin (per 100
pounds), and Minnesota (per 100 pounds),
$7.00@7.50.
NEW YORK COFFEE MARKET
Close.
January 15.14@15.16
February• 16.15(315.18
March .»15.17@15.20
Apri115.17@15.20
May15.32@15.35
June 15.50@15.52
July’ 15.67@15.70
Augu5t„15.48@15.49
•September 15.25@15.26
October 15.21 @15.23
Novemberls.l7@ls.l9
December 15.13@15.15
NEW YORK, May 17.—Coffee, Rio No. 7,
la %c.
LIVE STOCK BY WIRE
CHICAGO, May 17.—Cattle: Receipts, 20,-
000; slow; steady to 25c lower on both beef
and butcher cattle; early top on heavy steers,
$13.25; bulk, $11.00@12.85; fat cowws large
ly $8.50@10.50; canners mostly $u.00@5.75;
bails, slow at Friday’s decline, with bulk
bolognas at $7.50@8.15; few choice calves,
steady; bulk, 25c to 50c lower at $10.50@
12.25; Stockers and feeders, weak.
Hogs: Receipts, 44,000; mostly 25c to 35c
lower; mixed and heavy butchers weakening
most; top, $14.60; bulk, $13.35(314.25; pigs,
steady to lower, with bulk at $12.50@13.50.
Sheep: Receipts, 14,000; very slow and
unevenly lower; few sales of low grades
made, but best lambs not sold.
LOUISVILLE, Ky., May 17.—Hogs: Re
ceipts. 1,500, 25c lower; 225 pounds up,
$13.25; 165 to 225 pounds, $14.25; 120 to 165
pounds, $13.75; pigs, $10.25@11.75; throw
outs, $0.75 down.
Cattle: Receipts, 700, 25c to 60c higher.
Heavy steers, $12.00@13.00; beef steers,
58.00@12.75; heifers, ~58.50@13.25; cows,
S5.00@ll.00; feeders, $9.00@10.75; stockers,
$7.50@10.00.
Sheep: Receipts, 100; active; lambs,
$18.00; sheep, $10.90 down.
EAST ST. LOUIS, May 17.—Cattle: Re
ceipts, 5,000; steady; top steers, $13.50;
bulk, $11.00@13.00; yearling steers and heif
ers, csteady;. eanner cows, steady at $4.50@
5.50; bulls, steady; calves, 25e higher;
choice and good vealers,
Hogs: Receipts, 13,000 ; 25c to 50c lower
than Saturday’s best time; top, $14.85; bulk
light and medium weights, $14.00@14.75;
bulk heavies, $13.50@14.00.
Sheep: Receipts. 1,700; no early trading.
NAVAL STORES
SAVANNAH, Ga., May 17. —Turpentine,
firm, $1.86@1.87; sales, 221; receipts, 369;
shipments, 18; stock, 2,852.
Rosin, firm; sales, 666; receipts, 1,028:
shipments. 18; stock, 2,852.
Quote: B. $14.25: D, $17.20; E, F, G,
H. I. $17.50: K, $17.75; M. $18.00; N,
$18.25; WG. $18.50; $18.75.
financial plan was out of the way.
The idea now is that when the gen
eral market gives the chance the
stock will be brought more into line
with the selling prices which its div
idend and earnings would justify.
The Bond Market
With the exception of the new
equipment 7 per cents, the bond mar
ket continued today under the same
sort of pressure that was in evidence
all last week. The feature was the
resumption of very heavy selling of
Libertys under which they fell 50 to
80 cents in the SIOO bond. This liqui
dation came from all over the coun
try and represented the urgent neces
sity on the part of corporations and
individuals who find themselves cut
off from ordinary credit at the banks,
to raise funds for the conduct of
their business. The same motive
was back of the liquidation in the
rest of the bond market. Old line,
high-class railroad mortgages, like
Union Pacific 4’s, Southern Pacific 4’s
and Pennsylvania general 4 1-2’s
were offered down, some of them
a half a point. Traction bonds were
soft, with several fair-sized lots of
Third avenue adjustment s’s chang
ing hands at 22 as against 22 1-2 at
the close of last week. On the oth
er hand, with the exception of the
‘Delaware and Hudson 7’s, which were
off a half a point from Saturday,
the newly-floated equipment issues
held up well. In as much as nearly
all the business toward the end of
last week in the Pennsylvania 7’s
had-been done at 101 1-2, it was note
worthy that the demand was persist
ent enough to compel raising the bid
a good part of the day to 101 5-8.
The Curb
Texas and Pacific Coal and Oil
was one of the weakest features of
the curb. Announcement of the of
fering of ne wstock caused heavy
selling at a severe decline. The
rights to the new stock started at
15, rose a point, then reacted about
five points with only a feeble rally.
Ryan Oil was in comparatively
good demand around its previous
high mark. Ryan Cons, however,
moved within narrow limits. Re
actions ranging from fractions to a
point or more were made in,Simms,
White, Tropical, International Petro
leum, Salt Creek and others.
Oklahoma and Texas held firm on
moderate buying orders from out of
town.
Indian Packing was firmer and ad
vanced nearly a point on covering of
shorts and an outside demand.
Cotton
Reports of unfavorable weather in
the cotton belt over Sunday and
I higher Liver-p&ol cables were follow-
I ed by an active general buying
movement at the opening of the mar
ket this morning. The demand, in
deed, was broader than for any time
in some weeks, with nearly all the
commission houses interested, while
there was also some buying for both
foreign and domestic trade account.
The opening was firm at an advance
of 20 to 110 points, active months
being 37 to 67 points above last
Saturday’s closing figures, which be
came a little more active after the
publication of the official weather
may, which was no worse than ex
pected, but the offerings were well
enough absorbed at reaction of 20
to 25 points to give the market a
„ very steady undertone. >
Weekly Crop Notes
Co-operative crop reporting service for
Georgia. United States bureau of crop esti
mates and Georgia department of agricul
ture. Office of field agent.
Heavy rains continue throughout the
state, causing farm work to become further
behind, and this, with the scarcity of labor,
lias put farming again at a standstill. There
were three pretty days this week, and the
farmers put in full time in preparing, plant
ing and cultivating such crops as were
already up. in some sections it was re
ported that plowing was carried on day
and night with the aid of lanterns being
carried ahead of the plow.
Cotton
It seems now that many acres intended to
be planted in cotton wil have to be aban
doned, as the season is now far advanced
for preparation and planting to be done in
time for cotton to mature and open. Cotton
that is up has made very little growth dur
ing the past week on account of cold nights.
The stands generally are reported as poor
and dying in many places, especially on the
gray, sandy lauds. Chopping has almost
been completed in the lower third of the
state, where planting over was not neces
sary. Much complaint of grass comes from
this section, and extremely high prices have
to be paid to the women and children for
labor. Planting is in full sway in lhe mid
dle section of the otate as opportunity
affords, but only a small per cent of the
cotton has been planted in the northern sec
tions, and most of that was planted in mud
with very poor preparations, most of the
land being hard or dry bedded.
Corn
Practically no laud Ims been prepared and
nlaiited in cor i in the upper third of the
state, while in th- central part some plant
ing is being done. Corn in south Georgia
is not making much progress, being grassy,
weedy and very small for the time of year.
Peanuts
Some good stands of peanuts are reported
from south Georgia, tut none planted yet
in the northern part of the state.
Sugar and Syrup Cane
Poor stands of sugar cane are reported
from most all sections of south Georgia,
though it Is looking very well. There lias
been seme increase in this crop in sections.
Potatoes
Potatoes are being transplanted and are
looking well in some sections. Plants are
reported scaree and hard to secure.
Wheat
Much complaint of wheat rusting from too
much rains.
Melons
A general complaint of poor stands and
bad condition of melons in the lower part
of central and south Georgia, the early
melon being killed by frost, and hall ruining
them in some sections.
Velvet Beans
Velvet beans are reported as looking prom
ising in southeast Georgia. Very few have
been planted so far in central and none in
north Georgia, though an increase in acreage
is expected.
Fruits and Nuts
A general complaint of both peaches and
apples dropping off and being damaged by
brown rot and hail, yet a promising crop is
indicated. A severe ■ windstorm passing
through the apple belt of north Georgia did
considerable damage to the trees, uprooting
them in many places. Outlook good for
pecans.
Pastures
Pastures generally are looking good
throughout the north and central part of
the state. South Georgia still using the
range, though more interest is being taken
in fencing in pastqpes and sodded to Ber
muda grass.
Stock and Cattle
With the exception of those sectiiJris where
feed has run short, stock is looking fairly
good and cattle is mending scnie.
NEW YORK SUGAR MARKET
Close.
January 18.00@15.10
February 16.99@17.00
March16.99@17.00
May 22.10@22.25
June• .... 22.10@22.25
August .. .... 22.00@22.05
September .... 21.90@21.95
N0vember21.25021.30
December 20.30@20.35
NEW YORK, May 17.—Raw sugar strong:
centrifugal, 21.57; refined firm, unchanged
to 1c higher; fine granulated, 20.50@26.00.
METAL MARKET
NEW YORK, May 17.—Copper dull; elec
trolytic, spot and second quarter, 18@
19%; July, 19%@19%. Iron steady; No. 1
northern, 49.00; No. 2 northern, 48.00; No.
2 southern, 43.00@44.00. Tin steady; spot,
56.50; June and July, 55.00. Antimony,
10.00. Metal exchange quotes lead quiet;
spot and May offered at 8.75; June and
July offered 8.75; zinc quiet; spot, 7.60
bid, 7.75 asked. At London: Copper, spot,
9'.' pounds 7s 6d; futures, 102 pounds 2s 6d;
electrolytic, spot, 112 pounds; futures, 114
pounds; tin, spot, 296 pounds: futures, 300
pounds ss; lead, spot, 40 pounds ss; futures.
41 pounds 15s; zinc, spot, 45 pounds 15s:
futures, 47 pounds 10s.
Liberty Bond Market
NEW YORK, May 17. —Liberty bonds, fi
nal prices today were:
3%s 90-86
First 4s tf'jS
Second 4s •
First 4%s 85.68
Second 4% S 3
Third 4%s 87.44
Fourth 4%s
Victory 3%s »4.88
Victory 4%s 95.00
EX-WIFE SUES
DANIEL G. REID
FOR $360,000
Mrs. Margaret C. Reid, former
chorus girl, who recently obtained a
divorce from Daniel G. Reid, "Tin
Plate King,” brought two suits
against him in the supreme court to
recover the value of personal prop
erty she alleges her former, husband
refuses to deliver to her. One of
the actions is for $325,000, the pur
chase value of several hundred items
of furniture, household articles,
wearing apparel and art objects,
which remained in the Reid
apartment at 907 Fifth avenue or
their country place at Irvington,
N. Y„ when Mrs. Reid left her hus
band. The plainiff says she has de
manded these things, but her former
husband has refused to deliver them
to her. Mrs. Reid also demands $20,-
000 damages.
In action number two Mrs, Reid
asks $15,000 as the value of the fur
nishings of her Paris apartment,
which she alleges Mr. Reid converted
to his own use.
Long List of Articles
The list of the property Mrs* Reid
says she owned in New York occupies
fifteen typewritten legal cap sheets
in the court papers. She gives in
many instances the purchase price of
the articles and also the present
value. One of the items thus listed
shows that even Pekinese dogs have
gone up in value, for, ip her sched
ule, Mrs. Reid claims one of these
species of these canine pets. The
purchase price is listed as $240 and
the present value as SI,OOO. This
Pekinese was bought in London. Also
included in the schedule are two au
tomobiles, each listed at $12,000. One
of these was a Christmas present
to Mrs. Reid from her husband.
Some of the articles of wearing
apparel, for which Mrs. Reid asks
compensation, and the present value
placed on them by her are:
Green brocade evening wrap, sable
collar, $3,000.
Caracul fur coat, skunk collar,
$2,500.
Two dozen sets French underwear
$2,000.
Three sets of Paradise, three to a
set, $2,800
Eighteen Nightdresses
Eighteen nightdresses, lace, SBOO.
Green chiffon beaded evening gown
(Callot), S6OO.
Tan top coat, fur collar and cuffs,
$450.
Velvet wrapper (Wheelock), $3,300.
Black evening dress, satin-trimmed,
black jet, $350.
Black satin evening gown (Ben
del), $350.
White velvet evening gown
(Wheelock) $3,75.
Gray embroidered demi-evening
gown (Thurn), $325.
Silver evening gown (Topper),
$275.
Four chiffon evening gowns, white,
tan, gray and peach, each $175.
Black lace evening gown (Callot),
$450.
Black lace evening gown, $250.
Black lace and tulle evening gown
(Premet), $225.
Blue and silver brocade evening
gown, $250.
Blue velvet cape, fur collar, $425.
Blue velvet coat, bear fur trimmed
S4OO.
White ermine vest, $250.
Three silk waists, real lace (Maison
Blanc), $595.
Brown velvet tailored suit, trim
rfied with sable bands, S9OO.
COTTON
NEW YORK, May 17.—There was heavy
general buying and a sharp advance in
prices at the opening of the cotton market
today. Reports of unfavorable weather in
the belt over Sunday and prospects for con
tinued showers, with low temperatures dur
ing the early part of this week, were the
chief features on the advance, while buying
was also stimulated by the advance in Liver
pool. The market opened firm at an advance
of 20 to 110 points, generally 37 to 67
points net higher on the active months, with
July selling up to 38.80 b and October to
36.53 c during the early trading, or 54 to 72
points above Saturday’s closing. There was
Wall street, Liverpool and commission house
buying, while there was also a moderate de
mand from foreign and domestic trade in
terests. Private cables from Liverpool re
ported a complete settlement of the Lan
cashire wage disputes.
If anything the official weather map was
a little less unfavorable than expected and
realizing became more active during the
middle of the morning. There .were reac
tions of several points in consequence with
July selling off from 38.80 to 38.55, or
about 25 points from the best. Bokers with
Japanese connections were reported large
sellers on the early advance and the official
forecast was for clear and warmer weather
in the west, a favorable feature. The
outlook was for further showers east of the
river, however, and nervousness over the
crop outlook gave the market a generally
steady undertone.
NEW YORK COTTON
The following were the ruling prices tn
lhe exchange today:
Tone, steady; middling, 42.00 c, quiet.
Last Prev
Open. High. Low Sale. Close. Clrse
Jan .. 35.10 35.22 34.75 34.85 34.85 34.54
Mar. .. 34.65 34.75 34.28 34.30 34.32 34.02
May .. 41.00 41.30 41.00 41.30 41.40 40.60
Jtily .. 35.50 38.80 38.50 38.53 38.50 38.26
Oct. .. 36.50 36.85 36.38 36.46 36.45 36.11
Dec. .. 35.70 35.89 35.40 35.50 35.48 35.15
NEW ORLEANS COTTON
NEW ORLEANS. May 17.—Reports from
heavy rains in the belt over the week-end
caused an excited and advancing market on
the opening today and during the first hour
of business prices were raised 47 to 75
points, July going to 38.65 and October
to 36.86. Messages from the western half
of the belt stated that many streams were
out of their banks and that much replanting
of cotton would have to be done.
The weather map reflected less rain in
the belt than expected and this checked the
buying. Following the forecast of fair
weather for the entire western half of the
cotton country offerings increased and the
market reacted. Late in the morning July
was trading at 38.31 and October at 36.35
and the gains were pared down to 13 to
24 points.
The receipt of official returns from Texas
showing general and extremely heavy rains
for that state Saturday and Saturday night
again steadied the market and late in the
session the active months were at net ad
vances of 22 to 34 points.
NEW ORLEANS COTTON
The following were the ruling prices In ths
exchange today: •
Tone, steady; middling, 40.25 c, steady.
;.ast bre»
Open. High. Low. Sale. Close. Close.
Jan. .. 35.3035.3034.7234.8834.8834.55
Mar. .. 34.60 34.76 34.32 34.32 34.32 34.03
May .. 40.00 40.25 40.00 40.00 39.90 39.60
July .. 38.50 38.65 38.31 38.33 38.33 38.18
Oct. .. 3fF.80 36.86 36.35 36.43 36.40 36.il
Dec. .. 35.85 35.90 35.38 35.43 35.42 35.16
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May 17.—Spot coton,
firm and unchanged. Sales on the spot,
1,817 bales; to arrive, 300; Low middling,
31.25 c; middling, 40.25 c; good middling,
44.25 c; receipts, 2,669; stock, 340,824.
SPOT COTTON MARKET
Atlanta, steady, 43.35 c.
New York, quiet, 42c.
New Orleans, steady, 40.25 c.
Philadelphia, steady, 42.25e.
Galveston, steady, 42.25 c.
Montgomery. 40.50 c.
Norfolk, steady, 40.50 c.
Savannah, steady, 41.50 c.
St. Louis, steady, 41.50 c.
Houston, steady, 41c.
Memphis, steady, 42c.
Augusta, steady, 41.50 c.
Little Rock, steady, 42c.
Dallas, steady, 41c.
Mobile, steady, 40.50 c.
Charleston, steady, 40.50 c.
Wilmington, steady, 4Oc.
Boston, steady, 41.40 c.
ATLANTA SPOT COTTON
Atlanta spot c0tt0n43.35c
Receipts 170
Shipments 260
Stocks 23,007
AMERICAN COTTON AND
GRAIN EXCHANGE
COTTON QUOTATIONS
The following were the opening, highest,
lowest, close and previous close quota
tions on the American Cotton and Grain
Exchange of New York:
Prev.
Open. High. Low. Close. Clo«e.
Jan 35.10 35.25 34.82 34.85 34.60
May .... 41.15 41.25 41.00 41.00 40.50
July .... 38.52 38.80 38.50 38.50 38.25
Oct. .... 36.56 36.84 36.39 36.45 36.10
Dee 35.80 35.87 35.44 35.48 35.13
LIVERPOOL COTTON
Tone, quiet; sales, 7,000; good middling,
29.10 c.
Prev.
Open. Close. Close.
January 23.20 23.40 22.80
February 23.15 22.55
March 22.69 22.90 22.30
April 22.36 22.64 22.06
May 25.39 35.55 25.01
June 25.10 25.38 24.83
July 25.00 25.22 24.65
August 24.99 24.37
September .. .. 24.69 24.13
October 24.15 24.46 23.75
November 23.75 23.96 23.35
December .• 23.44 23.68 23.04
COTTONSEED OIL
Opening Closing.
Mav 19.20@19.65 19.00@19.30
June ’. 19.31@19.65 19.10@19.25
July 19.47@19.50 19.21@19.23
August 19.65@19.75
September .. .. 19.63@19.65 19.39@19.44
October 19.10@-9.40 18.80@19.15
November .. .. 18.00@19.00 17.50@18.05
December .. .. 18.00@19.00 17.50@18.00
Closed steady; sales, 12,000.
JOHN F. CLARK & CO. COTTON LETTER
NEW ORLEANS, May 17. —Liverpool cams
strong, showing futures -at the opening time
of our market 57 points up, against about
22 up due. Spot prices 20 up, sales 5,009
bales. Rain damage reports from the west
ern states effected most of the rise at
Liverpool although our freight situation was
probably also a factor. Our market opened
40 to 70 up on the strength of Liverpool
and weather scare as long as the weather
map was not available, but October traded
back from 36.86 to 36.40 when actual
weather facts became known. Bullish an
ticipation of the weekly crop report and
the first condition report is the main force
in the market towards rallies. The market
recovered to 36.60 and seems steady.
SHEPARD & GLUCK COTTON LETTER
NEW ORLEANS, May 17.—Private reports
of great damage to the crop from excessive
rains and cool weather put the cotton mar
ket strongly higher on the opening and for
some time after, but following the posting
of the weather map, showing rains only in
the central portion of the belt, buying was
not so aggressive. While due allowance must
be made for exaggeration, it looksqas if the
crop is in an extremely unsatisfactory con
dition, which makes the market a purchase
on all declines.
Oddly Vanishes After
Phone Talk at Home
'Search Is being made for Walter
Patterson Campbell, office manager
of the Ever-Ready Storage Battery
company, who lives with his wife and
three children at 65 Arthur 'street,
Ridgefield Park, N. J.
Mr. Campbell disappeared April 26,
Immediately after he had drawn a
month’s salary and had telephoned
that he would arrive home early that
evening. His family and friends say
his disappearance is a mystery to
them, as his habits were extremely
regular.
He is thirty-seven years old, 5 feet
4 inches tall. weighs about 150
pounds, has dark brown hair, light
blue eyes, is clean shaven, but with
a heavy growth of beard apparent,
and the entire lower lob© of his right
ear is missing. He is a trained
singer. •
First Woman to Receive
Appointment in Conn.-
HARTFORD, Conn.—Mrs. Hiram
Percy Maxim, of this city, has been
named by Thomas J. Spellacy to be
his alternate to the Democratic na
tional convention. She is the first
woman in Connecticut to receive
such an appointment, although an
other Connecticut delegate to the
Democratic convention is expected to
select a woman as alternate.
| JUDGE FLYNT AGAIN
PROTESTS ACTION
OF SUBCOMMITTEE
(Continued from Page One.)
sary for the state committee to rati
fy the action of the subcommittee
unless the state committee thought
the subcommittee’s action was null
and void.
Colonel H. H. Dean, of Gainesville,
spoke in support of the Barrett sub
stitute, declaring that the candidates
who ran in the primary without any
objection to Rule Ten should abide
by the rules which they themselves
accepted.
George Carswell, of Wilkinson
CLunty, said that he was not a par
tisan, but it occurred to him that in
asmuch, as an outside Democrat had
carried the primary under rules
made by Georgia Democrats, it
would be grossly improper for the
state executive committee to try to
take a....y from him the reward of
his victory. His speech was inter
spersed with numerous witticisms
which were received with laughter
and aplause.
Up to Convention
“I have been trying for several
days to find out why we were called
together here today,” said Major Mc-
Gregor, again securing recognition
from the chair to debate the question.
“Now I know, since Mr. Dean has
so graciously informed us that he re
quested the committee to be called in
session. The gentleman from Hall
wants this committee to hatch out
some eggs he has been setting on,
but let me tell you that this commit
tee can’t hatch ’em out; the fellows
who assemble here tomorrow for the
state convention are the only ones
that can hatch ’em.”
Major McGregor concluded his re
marks by moving to table the' Bar
rett resolution embodying the report
of the subcommittee and asking for
its ratification by the full committee.
This motion was lost by an over
whelming viva voice vote and after
Judge J. W. Quincy, of Coffee coun
ty had made a plea for party unity
and support of the primary rules as
laid down by the state committee,
the Barrett resolution came up on its
final passage.
The resolution, placing the state
committee on record as fully indors
ing the action of the subcommittee
in declaring A. Mitchell Palmer en
ttiled to the Georgia delegation, was
passed with only one dissenting
vote, that of Major McGregor. It
was noticeable, however, that several
members of the- committee did not
vote one way or the other.
A motion was then passed pro
viding that the action of the com
mittee be presented to the state con
vention when it meets at 10 o’clock
Tuesday morning in the Aflanta
theater.
DELEGATES OF THREE '
CANDIDATES ARRIVE
FOR THE CONVENTION
(Continued from Page One.)
executive committe scheduled for 12
o’clock in the Kimball house. The
general understanding was that the
purpose of the meeting, summoned
at the instance of Colonel H. H.
Dean, of Gainesville, was to attempt
the pass.age of a resolution confirm
ing the action of the state commit
tee’s subcommittee in declaring Mr.
Palmer the winner of the primary
and as such entitled to name the
delegates. This action by the sub
committee was taken at its meetings
in Atlanta last week. Many members
of the state committee were opposed
to a resolution of this character,
and there was promised a lively
fight when the meeting came to
gether at noon.
The delegates representing Sen
ator Smith will caucus Monday eve
ning at 8 o’clock in the Piedmont
hotel. The delegates representing
Attorney. General Palmer wil caucus
at the same hour in the ballroom of
the Kimball house. Pleasant A.
Stovall, editor of the Savannah
Press, and chairman of the Palmer
campaign committee, will preside
over the caucus in the absence of
the attorneyl general. The delegates
representing Mr. Watson will caucus
at 8 o’clock in the breakfast room
of the Kimball house. Mr. Watson
himself will preside over the caucus,
being expected to arrive at 3:30 Mon
day afternoon from Thomson.
Representative Crowd
There was gathered in Atlanta
Monday in preparation for the state
convention the most representative
layout of Georgia Democrats seen in
the city in many a long day.
Mr. Palmer was represented by
such distinguished Georgians as
Pleasant A. Stovall, editor of the Sa
vannah Press and former minister to
Switzerland; John W. Bennett, Way
cross, United States .district attor
ney for the southern district of Geor
gia: Colonel H. H. Dean, Gainesville;
Hollins N. Randolph, prominent At
lanta attorney; W. .E. Sirmans, a
prominent Waycross' business man
and member of the Democratic state
executive committee, and many oth
ers.
Senator Smith’s leading delegates
Included Volney Williams, editor of
the Waycross Journal-Herald and
former member of the house from
Ware county; Judge John Cozart.
Columbus; Felix Jackson, prominent
business man of Gainesville; Colonel
H. H. Perry, prominent Gainesville
lawyer and Democrat; Colonel R. W.
Nottingham, editor of the Worth
County Progress of Sylvester; Col
onel Thomas G. Hudson, prominent
planter and business man of Sumter
county, and former commissioner of
agriculture.
Grover C. Edmondson, lawyer and
former member of the legislature,
from Moultrie; John I. Kelly, promi
nent lawyer and candidate for con
gress from Lawrencgville, and other
supporters of Mr. Watson were
among the early arrivals represent
ing the “sage of McDuffie.”
HOWTO RAISE
BABY CHICKS
Put Avicol in the drinking water.
Most people lose half of every hatch,
and seem to expect it. Chick cholera or
white diarrhoea is the trouble. The U. S.
Govennment states that i over half the
chicks hatched die from this cause. <
An Avicol tablet,
> Placed in the drinking
< . X >,tA water, will positively
JyJr save your little chicks
from all such diseases.
Inside of 48 hours tlfe
sick ones will be as lively
W as crickets. Avicol keeps
them healthy and makes
them grow and develop.
Mrs. Vannle Thackery, R_ F. D. 3, St.
Paris, 0.. writes. ‘T had 90 chicks and
they all died but 32. Then I commenced
on Avicol and haven’t lost any since.
They hav© grown wonderfully."
It costs nothing to try Avicol. If you
don’t find that it prevents and promptly
eures white diarrhoea, chick cholera and
all bowel diseases of poultry,.tell us and
your money will be refunded by return
mall. Avicol is sold by most druggists
and poultry remedy dealers, or you can
send 25c or 50c today for a package bv
mall postpaid. Burrell-Dugger Co., 120
Columbia Bldg., Indianapolis, Ind.
stops chicks dying
The Only Log Saw
With "Arm Swing" Stroke and Lever
L\ Controlled Friction Clutch Starting
■LIL for Prices
Description of this Fast
sEEl|ira9 Cutting, Practical One-Man Outfit.
/WITTE ENGINE WORKS 1
W >UT Oakland Avenue Empire BirtMtag ■
g ' Kaneet CHy. Mai. Mltetmigli. Pa.
"I Treat JEczema FBEU"
Just to prove that my scientific discovery
actually benefits eczema sufferers. I will
send yon enough FREE to give you more
relief than you have had in years. Write
me today. DR. ADKISSON, Dept. W, Beau
mont, Tex.
TUESDAY, MAY 18, 1920.
LUMP SUM AGREED
ON BY ANGLO-FRENCH
HYTHE.CQNFERENCE
(Continued from Page One.)
autonomy by speedy fulfillment of
her obligations.
"The two governments are fur
ther of the opinion that in order
to provide a solution for the eco
nomic difficulties which are grave
ly weighing upon the general situ
ation of the world and in order to
mark a definite beginning of the
era of peace it is important to ar
rive at a settlement which shall
embrace the whole body of the in
ternational liabilities which have
been left as a legacy of the war.
and which shall at the same time
Side dress your Cotton with
GERMAN POTASH
KAINIT
20 per cent MANURE SALT and
NITRATE OF SODA
100 pounds of Manure Salt go as far as 160
pounds of Kainit and have the same effect as
a plant food and plant disease preventive—
Neither one will injure your crop.
For prices write nearest Office of
Nitrate Agencies Company
New York Norfolk Savannah Jacksonville New Orleans Houston, Tex.
Stocks at other leading Atlantic and Gulf Ports
Hold Fast To Health
With The
Strength-Giving
Power of
NUXATED
Nothing slips away so easily as HEALTH. 'My
Unless YOU hold fast to HEALTH by your W
own efforts—-by keeping your blood pure, red and
rich in iron—the day may come when all you can do
is to WISH you had acted sooner. Nuxated Iron helps strengthen the
nerves, restore wasted tissue and build red blood, strength and en
durance. Over three million people use it annually* At all druggists.
ITCH-ECZEMAS
x (Also called Totter. Salt Rheusn, Pruritus, Milk-Crust, Weeping Skin, etc.)
CCXIMA CAN BK CUBED TO STAY, and when I ear eored. I m..n just what I aar-C-U-B-E-D. and not
merely patched op for awhile, to return worse than before. Now. Ido not care what all you have used nor how
many doctors have told you that yna eould not be cured-all I ask le fust a chsnee to chow you that 1 know what
lam talking about. If you will write me TODAY. I will send you a FREE TRIAL of mv mild, soothing .guaran
teed cure that will convince you more in a day than I or anyone else could in n month's time. If you are disgusted
and discouraged, I dare you to give me a chance to prove mv claims. By writing me today you will enjoy more real
M comfort than you had ever thought this world holds for you. Just try it, and you will see lam teDing you the truth.
DR. J. E. CANNADAY
9 1164 Park Square SEDALIA, MO.
H References: Third National Geoid yee de a better act than to Bend thto notice to aeaw
Bank, Sedalia, Mo. poor sufferer of KceomaT
PELLAGRA
Is Curable--Our Way: No Cure No Pay.
Thousands have taken the Dr. McCrary treatment for Pellagra: not
one disappointed. It is guaranteed to give satisfaction or money refund
ed with 8 per cent interest. Treatment taljen in privacy of home; given
under direction of licensed physician; cost small; terms easy.
BIG BOOK FREE—This book explains all; sent free in plain, sealed
envelope to all who write for copy. Read this free booklet before you
take any treatment for pellagra.
Beware of these Symptoms:—Tired and Drowsy feelings, accompa
nied by headaches; depression or state of indolence; roughness of skin;
breaking out or eruptions; hands r-ed like sunburn: sore mouth; tongue,
lips and throat flaming red; much mucus and choking; indigestion and
nausea; diarrhoea or constipation; mind affected—and many others. Write
for book now:
Dr. W. J. McCrary, Inc., Dept. J-2, Carbon, Hill, Ala.
Classified Advertisements
W ANTE D JHDEI.P— M a le.
LEARN AUTO AND TRACTOR BUSINESS
in 6 to 8 weeks. Opportunities every
where offering $l5O to S4QO a month. Twice
more equipment and floor space used in daily
practice training than any auto school in
America Master mechanic instructors and
same method we used to train thousands of
soldier mechanics in 60-day courses. Write
now for free catalog. Rahe Auto and Trac
tor School, 2139 Oak st., Kansas City, Mo.
YOUR CHANCE TO SUCCEED—We’II teach
you the barber trade in few weeks. In
come while learning; paying positions guar
anteed. We own shops. If interested write
for catalogue. White only. Jacksonville
Barber College, Jacksonville, Fla.
BE a detective. Excellent opportunity, good
pay; travel. Write C. T. Ludwig, 168
Westover bldg., Kansas City, Mo.
MEN—Age 17 to 45; experience unneces
sary; travel; make secret investigations,
reports; salaries; expenses. American For
| eign Detective Agency. 322, St. Louis.
WANTED HELP—FEMALE
! WOMEN—Become dress makers; $l5O month:
very fascinating; sample lessons free.
Write immediately. Franklin Institute,
Dept. T-871, Rochester, N, Y.
WANTED—Agents.
SELL what millions want; new, wonderful
Liberty Portraits; creates tremendous in
terest; absolutely different; unique: enor
mous demand; 30 hours’ service; liberal
credit; outfit and catalogue free; SIOO
weekly profit; easy. Consolidated Portrait
Co.. Dept. 16, 1036 W. Adams st., Chicago.
i YOU earn $lO daily and more distributing
•well known line of soaps, toilet prepara
tions, perfumes, flavoring extracts, foods
summer drinks. Write for "Wender Out
fit” containing complete assortment. Crofts
A- Reed, 424 Clairmont ave., Chicago. .
' SELL fruit trees, nut trees, ornamentals.
Light work, good profit. Write today.
Smith Bros., Dept. 20, Concord, Ga.
; MAKE AND SELL YOUR OWN GOODS.
Formulas by expert chemist. Manufactur-
I mg processes <and trade secrets. Write for
I formula catalog. Brown Mystic Co., Wash
ington, D. C.
SELL tires direct to car owner; 30x3 non
skid, $11.75; tubes, $2.25; other sizes in
proportion; guaranteed 6,000 miles on liberal
adjustment basis; big commissions paid
weekly; experience or capital unnecessary.
Auto Tire Clearing House. 1542 West loth,
Chicago.
TOBACCO factory wants salesmen; $125.00
monthly and expenses for the right man.
Experience unnecessary, as we give com
plete instructions. Piedmont Tobacco Co..
H-17,’ Danville, Va.
J
FOR SALE—U. S. Army goods; leather
sleeveless jackets, brand-new wool, cloth
lined, $9.95 each; Olive drab wool blankets,
best made, 4 lbs,, §9.25 each; khaki
breeches, cleaned, good condition, $1.25
pair; wool shirts, olive drab, $2.95 each;
raincoats, brand-new, §12.50; Gold Medal
cots, §2.95 each; canvas leggings, extra
strong. 65c pair. Write for catalog; terms,
cash with order. Money back if not satis
fied. Bradley Bonded Warehouse Co.,
Greenville, S. C.
r°R SALE—-FABMS~
SI,OOO Cash Secures
Farm in Tobacco Section
t EIGHTY’-THREE acres on improved road,
! near big R. R. town, in section tobac<o,
soy beans, vetch, grapes, alfalfa, clover,
wheat; loam fields, spring-watered pasture,
wood; nearly new bungalow, big piazza,
spring water, telephone. 60-foot barn: owner
cannot occupy; only §5,000, one-fifth cash,
balance easy terms. Details page 53
Strout's Catalog Farm Bargains 33 States,
copy free. STROUT FARM AGENCY,
255-BA Candlag Annex, Atlanta, Ga.
insure a parallel liquidation of the
inter-allied war debt and of the repa
ration of the debts of the central
empire.
"Accordingly experts from each
of the two countries will be charged
to prepare immediately for exami
nation by their governments pro
posals for fixing the minimum to
tal of the German debt which shall
be capable of acceptance by the al
lies and at the same time be com
patible with Germany’s capacity to
pay, to determine the method of
payment and capitalization of Ger
many’s debt which will be best cal
culated to assure realization of the
general views above expressed, and
to establish conditions for division
between the allies of the payment
made by Germany in accordance
with agreements which Ln the case
cf certain allied countries have al
ready been arrived at and definitely
settled in the case of other allied
countries.”
ANY TOBACCO HABIT easily. Inexpensive
ly cured with pleasant root. Fine for stotn
ach. Send address. N. Stokes, Mohawk, Fla.
SEND for free trial treatment worst forms
blood disease. Welch Med. Co., Atlanta.
WE kill hairs, §1.50 box, guaranteed. Sten
zie Mfg, Co., 1278 Market, San Francisco.
INVENTORS should write tor our guide
book, “How to Get Your Patent” tells
terms and methods. Send sketch for our
opinion of patentable nature. Randolph &
Co.. Dept. 60. Washington, D. (3.
FOB SALE—PLANTS
the best potato on earth. We are shipping
one hundred thousand per day, can fill or
ders without delay, all plants must give sat
isfaction, if you want the best that money
can buy try us, we will deliver the goods,
when ordered, 2,000 to 5,000, §2.00; 5,000 up
§1.90 per 1,000. Florida Plant Farms, Plant
City, Fla.
PORTO RICO POTATO PLANTS
§2 5 THOUSAND; five thousand, $11.25;
ten thousand, S2O. Tomato plants of best
varieties. $2 thousand. Prompt delivery;
satisfaction guaranteed. J. L. White, Tal
lahassee, Fla.
— ,
PILES can be cured, no cutting, safe, paltu
less. I will tell you about it free. Write
Box 1168, Atlanta. Ga.
CAIXICFI? anJ Tumors successfully
VMI’IL'HX treated. Pay when re
moved. Dr. E. V. Boynton, Fitchburg, Mass.
PILES
FREE information about painless pile cure.
No knife. Box. 1168, Atlanta, Ga.
DROPSY TREATMENT
i 1 T gives quick relief. Dis-
• tressing symptoms rapidly
IBSr. w disappear. Swelling and
a short breath soon gone. Often
entire relief in 10 days. .Never
heard of anything its equal
CTfea*. for dropsy. A trial treatment
sent by mail absolutely FREE.
OK. THOMAS E. GBEEN
Box 18, CHATSWORTH. GA.
CANCER
Its successful treatment without use of the
knife. Hundreds of satisfied patients testify
to this mild method. Write for free book.
Tells how to care for patients suffering from
cancer. Address
DB. W. O. BYE, - Kansas City, Mo.
Cured at home; worst cases.
a ■ No pain. No cost if it falls.
Successfully used for 15
| U years. Write for Free Book
LIIBIII (■ and testimonials. GOI-
IRENE COMPANY, 578
West 63rd St.. Chicago.
LEG SORES
Healed by ANTI-FLAMMA—a soothing anti
septic Poultice. Draws out poisons, stops
itching around sores and heals while you
work. Write today describing case and get
FREE SAMPLE. Bayles Distributing Co..
1820 Grand Ave.. Kansas City. Mo.
■ ■■MIA* Sufferers, write today tor ray worts
11 nig* ofi-alue FREE about WraL Lunts
■ BW. AS anti l' ow ,o treat Lnnr Troablec
Eawlawt liUrm AfelyJLlL 13 QicfaralLt.
VARICOSE VEums “^ eos
are promptly relieved with Inexpensive home
treatment. It reduces tfie pain and swelling
—overcomes tiredness. For particulars write
W. F. YOUNG, Ins., SSA Tssaple St., Spring,
field, Mass.