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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.