Newspaper Page Text
Atlanta Bank Clearings Show Gain of $10,905,693.29 Over Same Week a Year Ago, Reflecting Active Business
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$ @
COTTON SL. |
'COTTON SLUMPS 50 POINTS ON.
$
'BENEFICIAL RAINS OVER BELT
Atlanta bank clearings Saturday .........$3,316,184.07
DRNS aRY I reiE ... ..o e 1 821.431 45
PRI oo b iTR 89475082
Atlanta spot cotton Saturday ..................24.70¢
DU NV. o i se 1
New York cotton futures closed irregular.
New York Stock Exchange closed strong.
Total stock sales Saturday 337,700 shares.
Total bond sales $955,100.
? By VICTOR BARRON.
Atlanta bank clearings this week made a remarkable showing
in the face of unfavorable weather, aggregating $23,156,547 34,
as compared with $12,250,854.05 the corresponding week a year ago
—A GAIN OF NEARLY ELEVEN MILLION D0LLAR5510,905,693.29,
$10,905,693.29, to be exact. Such a large gain can only be at
tributed to the activity of all business and general prosperity.
As a result of a further slump in futures, Atlanta spot cotton
broke 50 points Saturday to 24.70 cents, representing a net decline
of more than one cent during the week. Spots last Saturday were
quoted at 25.90 cents.
Reports of further beneficial rains throughout the cotton belt,
especially in the region west of the Mississippi River, brought out
a fresh wave of liquidation in the future cotton markets, with the
result that values broke materially, the New York market closing
irregular, 37 to 50 points net lower. Weakness of the July posi
tion, which has showed supreme strength of late, owing to small
stocks and difficulties spot firms are experiencing in shipping cot
ton to the Northern market, also encouraged liquidation. The de
cline was recorded during the closing hour. The bulls tried to
halt the break by saying that the Eastern belt is getting too much
rain. Nevertheless the market closed at-the bottom figures. July
closed at 25.90, October 24.53 and December 24.43.
Heavy Suply Causes Dip—Geor
gia Peaches Plentiful—Call
for Melons.
e spiaci s Bl
Produce Row was heavily supplied
with Georgia cantaloupes Saturday,
with the result that prices broke 25 to
50 cents a crate, selling at 75 cents
to $1.50, depending on quality.
Although peaches were in heavy
supply, prices were quoted unchang-d.
Both cantaloupes and .Leaches are
showing up in poor condition, either
too green or too ripe.
However, the pink meat and hones
dew varieties are of extra quanty
and bringing top prices. Dealers re
port that several cars of California
cantaloupeg are rolling. In the mean
while they are working off stock al
ready on track here. The California
stock is bringing $3 to $3.50 per crate
and quality is good.
There was a good demand for wa
termelons Saturday. Receipts were
heavy and prices ruled unchanged at
from 10 to 20 cents on the bulk of
the stock, but several hundred melons
of extra large size brought higher
prices,.being sold to hotels, clubs and
restanrants.
Eggs held steady at Friday's prices
—2B to 32 cents a dozen. |
Following are wholesale quotations
for Saturday:
POULTRY, B )" TER, EGGS.
(Correcied by the Fidelity Fruit and
Produce Gompany,)
Butter - Fregh enuntry, 30@35¢
Fggs— Fresh country, candled, 28@32c¢
I'ndrawn TDonltry--T awn, head ama
feet 01, ner pound:
Friers, 30@22¢c per pound.
Hens, 23¢ per ponnd
Rooesiers, 11@122 per pound!
T.ive Poultly*
Hens 20c rep pound
Triers. 28@30% er pound
Ransters, 10c por nound
Puddle dnelke NH@E 50,
Guineag, 25% 30 each
VEGETABLES.
OKRA--$l5O per crate.
GREEN CORN -20@30c per dozen,
CUCUMBERS--$1.50@ 2.00 per drum.
T¢ lATOKS—Choice, $1.756@2.00.
GGPLANT—S2.OO@2.SO.
BIEANS—SI.OO@I.SO per h;m?er.
LETTUCE—Head, $1.00@1.25 per
dozen, 83400@2.250;7” tub
CELERY--353.00@3.50 pér crate.
BELI: PEPPERS—SI.SO, $1.75 and
$2.00 per crate.
SQUASH—7Sc@SI per crate.
ONIONS-—-Texas, crate. yellow, $1.75@
2.00; white, $2.25.
"ISH POPTATOES—New crop, $2.00
@?2.25 per drum; barrel stock, $6.00@
7.00 per barrel.
CABBAGE—Nomina!, $2.50 per crate.
FRUITS,
GEORGIA WATERMELONS—IO@2Oc
each.
GEORGIA PEACHES-—51.50@1,75 per
erate.
HIUCKLEBERRIES—IOc quart.
CANTALOUPES—Georgia, 75c@51.50;
California, $3.00@3.50 per crate.
BANANAS—:‘%?&: a_pound.
ORANGES—California, per box, $4.50
5.00.
’ LIMES-—-$1.00@1.25 per 100,
LEMONE —-$7.00@7.50 per box.
GEORGIA GREEN APPLES—SI.7S@
2.25 per box. ¢
FLORIDA PINEAPPLES—S3.OOI/7 5
per crate.
PRIMARY MOVEMENT.
Receipts— | Sat'day./Last yr.
Wheat ................| 600,000/1,433,000
QOIR ..ovoveverensasies] 608,0000 873,000
Oats .............i.eon) 864,0001 608,000
Ehipmente— . b ol e
fi’heat‘....,.‘._........{ 263,000/ 798,000
B i T 29!’,0001 542,000
Oats ......coovmveeeneel 658,000, 536,000
CHICAGO CAR LOTS.
CHICAGO, Julg' 21 —Following are re
eeipts for Saturday:
WHEEE i el SR kY o P 18
OPE )i B ah e g 85
IR i L . AR L PPI TR 113
B v B we B sy BIONE
NEW YORK COFFEE MARKET.
Coffee quotations:
| Opeming. | E losing.
FRRPRPY .\ o a4l o veninise |C.1e.09
FeDrURPY « . V] aawihii. | 0N TS
Mamh i.. . 830 '8.1725.“
A . v o S o TSRS
Mag .v . o i Roe 8.2&'28,28
SO .i . v srtrhens o] IREREES
JOIE . v T Svehigen, ;7.80’ 7.82
AUBUBE. i i o ol Fessuiiey 7.87&7.38
September . . , 8,00 7.91@7.95
IR ~ i ] fassress s TITOTES
November . . .| 819 7.”83.00
December . . .| 810 3.02@8.03
(D NENTNTNTNTNEINT NIRRT
' Financial Sunshine
unshine |
g Business as a whole is being |
§ mamtz’ed at a very high |
5
§ level. General business outside
{ of war necessities is lagging |
» perceptibly, the general aver- |
3 . )
3 ‘age being brought up by the |
{ release of Government con- é
] tracts for munitions and war
, supplies of all deseriptions. !
. The reason for the lull in ordi- %
{ nary business is quite clear. ¢
! Great uncertainty exists as to
E just what control the Govern- §
’. ment’ will exercise over the 5
$ regulation of business, espec- §
, cially as regards prices and |
" . !
) profits—First NatioMal Bank |
¢ of Boston. i é
‘ \
NEW YORK PRODUCE MARKET.
NEW YORK, Jul‘;"l 21 —Petroleum
steady: crude Pennsylvania $3.10.
Turpentine firmer, 42@4252&
Rosin steady; common $5.80.
Wool strong: domestic fleece XX
Ohio 65@76c, domestic pulled scoured
basis 90@851.80, domestic Texas scoured
basis 90881.60.
Hides firm; native steers 31%@33c;
branded steers 29@30c.
Coffee easier; options opened 8 to 10
points lower. Rio No. 7 on spot 9%ec.
Rice dull; domestic 534 @B%¢c.
N{olasses quiet; New Orleans open
kettle 40@50c: black strap 23@28c.
Raw sugar easier; centrifugals 6.52@
6.58: molasses sugar 5.52@5.5%¢.
Refined sugar steady: fine granulated
7.65@8.00c: cut loaf 9.1%¢: erushed R.9oc.
Mold A 8.15¢: cubes 8.40@8.70c: pow
dered T7.80@8.20c: diamond A 7.65¢c: con
fectioners’ A 7.55@7.90¢; softs No. 1
7.50@7.85¢.
Potatoes steadyrs Bermudas $3.50@
4.50; Southern sweets $1.75@4.00.
Beans dull; marrow choice sls.7°@
16.00: pea choice $15@15.25; red kidney
choice $13@13.25,
Dried fruits, tonnage conditions af
fects exports; apricots choice to fancy
22@25¢c: apples, evaporated, -prime to
fancy 1016@13¢; prunes, 30s to 60s, 113
7123 ¢; prunes, 60s to 100 s, 10@11%e;
=sches, choice to fancy, 10,@12%c:
~eded raisins, choice to fancy, %‘/z
10e.
WEEKLY WEATHER FORECAST.
WASHINGTON, Julv 21.—Forecast for
the week beginning Sunday, July 22:
South Atlantic and Tast Gulf States—
The coming week will be one of mod
erately warm weather, with frequent
local showers and thunderstorms.
West Gulf States—The coming week
will be one of warm and generally falr
weather except that local rains are
probable at the bexlnnini of the week
along the coast and in the lower Mis
sissippi valley.
Ohio Valley and Tennessee—Warm
weather will prevail during the week
except that cooler weather is probable
toward its close. The weather will be
generally fair except for scattered lo
cal thundershowers,
WEATHER CONDITIONS.
WASHINGTON, July 21.—General
forecast until 7 p. m. Sunday:
Georgia, Alabama and Mississippi-—
Probably thundershowers tonight and
Sundavy.
Florida—Probably local thundershow
ers tonight and Sunday.
Tennessee—Prohably thundershowers
tonight and Sunday.
North Carolina and South Carolina—
Probably thunderstorms tonight and
Sunday.
U. S, EXPRESS DIVIDEND,
Distribution of an additional payment
of $2 a share has been ordered by the
United States Express Company ag an
other step in the process of li%uldsuon
of its assets, Thig brings total pay
ments to stockholders to about SSOOO, -
200. Fifty r cent of the assets have
now bheen lr(:uldated. The payment of
$2 a share calls for $200,000,
ST. LOUIS CASH GRAIN.
ST. LOUIS, July 21.—Cash wheat No.
2 red $2.89?2.03; No, 3 red $238@2.40;
No. 4 red $2.32; No. 3 hard $2.60.
Corn, No. 2 mixed $2.12; No. 3 mixed
$2.12@2.1214,
.~ Oats, No. 3 white 83@8314c; No. 4
white 80%@81¢; No. 2 mfxed 80e,
il
KANSAS CITY CASH GRAIN.
KANSAS CITY, July 21.--Cash wheat
No. 2 red $2.44@2.51: No. 8 red s24o@
2.48: No. 4yred 32.37@2.48; No. 2 hard
$2.80@2.85: No, 8 red $2.67@2.83; No. 4
hard $2.62@2.82.
Corn, No. 2 mixed $2.10@2.12;: No. 3
mixed $2.08?2.M: No, 4 mixed $2.06
@2.08; No. 2 yellow $2.13@2.14; No. 38
vellow 82.11@2.13: No. 4 vellow $2.09
@2.11; No. 2 white $2.16@2.17; No, 38
:}l‘\4“ $2.16@2.16: No. 4 white $2.13@
Oats, No. 2 mixed 77@78¢; No. 8
mixed 76@77¢;: No 4 mixed 75@76c: No,
2 white Sl@B2c: No. 3 white 80@80%c;
No. 4 white Tl@79%c.
CHICAGO CASH QUOTATIONS,
CHICAGO, July, 21.-—Corn: Ne: 3
mixed, 2.12@2.15: No. 2 white, 2.17612.18;
‘Nfs 2 yellow, 2.12€02.163%; No. 3 mixed,
2.15.
Oats: No, 3 white, 85% @B2'%; stand
ard, 86% @R7%.
\
Futures Close 37 to 50 Points
Lower—Heavy Selling.
July Weakest.
NEW YORK, July 21.—A steady tone
was displayed at the opening of the
cotton market today, althoggh price
changes were irregular, Septmber de
clining 10 points; October advanced 6
points, December 4 points and Mav 2
points, while January was off 1 point,
and March down 1 point.
New Orleans and other southern in
terests were %ood sellers, Liverpool
purchased October and sold January.
After the call there were declines of
1 to 11 points from the opening, but a
fair demand at the low levels sent the
list up to a net gain of 11 to 15 points.
Later the lop levels were trimmed.
Prices broke sharply in the last hour
under general selllnf. led by offerings of
Ju'}y. the market se an down 50 po?nts.
he close was unsettled and irregular
despite New Orleans buying in the last
few minutes. Final prices were 87 to
50 points net lower.
NEW YORK COTTON FUTURES,
_———‘—_—______
N Pt ey
1 g & | “
P & W EESI 8 K3B
el oL EE IRB] # (PR
Jy [26.00]26.00 26.00|26.00/25.50-2626. $0- 50
A 8 Lol ndes ity 19540 25.83
Sp 125.1025.10:25.10/25.10/24.73 25.90
Oc¢ \24.%:25.05!24.5324.54 24.53-67 24.90-92
W ALI ot AR 24.84
De ‘24,R4f24.!b3'24.43 24.43/24.43-45/24.80-85
Jn [24.8224.94/24.40/24.42/'24.40-43'24.83
Mr 125.01/25.03!24.65!24.68'24.60 124.99-01
My 125.12f25.12[25,13‘25.12.‘14.72 125.10-12
Closed irregular.
NEW ORLEANS COTTON FUTURES.
—_———_—
- i 5 S
§lB 1 s [gs| & |SB
& vy %g 2 -
iootE L 3 188 5. UE6
Iy - LGI s s 0 35 3T 124 i)
Ag. Lo olowedvernl. 0. ]2400-10198 35 |
Bn lon bl N R BN L TSy
Oe {23.85 21.03|23.70‘23.77,23.75—77124.00-03
NV L cihidolies dobe 0108 10~ 00 8. 03 08
e 21{.77(‘24.03 23.75 23.7¢ /23,7576, 24.03- 06
Jn :4.01‘24.10%23.80.23.82‘23.83-84‘24.12-14
Fb lioabiioulicoede [0 88-80'8¢. 1749
Mr 24.15[24.16(23.90(2,.91(25.90-93 24.".‘11;’4
My doeabianhe codis 240808184280 80
Closed bareiy steady.
SPOT COTTON.
Atlanta Commercial Exchange quotes
good middling quiet at 24.70.
Liverpool, firm: middling 19d.
New Orleans, steady; middling 253;.
New York, steady; middling 26.40.
Charleston; middling, 26c.
Wilmington; middllng, 26%.
Savannah, firm; middling 26.38.
Boston, rwiet; mlddllnf 26.60.
Philadelphia, quiet; mlddling 27.15.
Little Rock, steady; middlin;’ 26¢.
Augusta, steady; middling 25.63. ;
Norfolk. steady; middllr\§ 25.38.
Galveston, steady; middling 254.
Mobile, steady: middling 25c.
Houston, steady; middling 251%.
St Louis, steady; middling 253;.
Dallag, steady: mlddllnf 25¢.
Montgomery, steady; middling 25c.
Memphis, steady: middling 253.
PORT RECEIPTS.
The following taople shows receipts at
the ports today compared with the same
day last year:
T | 3N
New Orfeans .. | 632 949
Galveston. . . . .| 510 747
BREE. Lok chilinaN 35
Hevaßußs .. .. 2,628 | 249
Charieaton . ;. il s L
WHmilngton' . - < by Niseil 47
IGPOHE . o o 882 | 181
e SR 270 | 08
Philadelphia . . . .| 42 | 54
PReifle Coast . - Lol il 11,884
FEOur. .oy ....N“..’, 267
Total, " =0 v W SAAF | 1451
INTERIOR MOVEMENT. £
i N lIN
Floustort. ... ; | 68 | 507
Eulumse. .o 174 18
Memibhis. . ¢ ¢ . 529 268
S omo 965 | 1,217
CIneMN . = -, 208 458
Littls Reck . . . ) 72 cesebiibess
p v SR S 1,804 | 2.548
ATLANTA COTTON STATEMENT.
Saturday. |Bales
BRGROEDID .. Gitevl IR
SRIDMENIS .. i 8y Vembibesss ot IV
BIOOKE . .isisicivstitiididisarsealiti B
ATLANTA COTTON SEED PRODUCTS
Crude oil, basis prime, nominal,
Cotton seed oil, caked sacked, loose,
S. 8. Savannah-—July, $42.00; August,
$43.50@45.00; September, $14.00@ 46.00;
Octoher, $45.00347.00.
Cotto ns2ed meal—July, $43.00@ 44.25;
August, $43.50@ 44.25; September, $44.00
@ 46.00; Oclober, $45.00347.00.
~ Cotton seed hulls. loose—July, $16.00@
17.50; August, sl6 00@17.25: September,
£l6 00@17.09; Oectiber, $15.50@ 17.00,
Cotton seed hulls, sacked—July, $18.50
@20.00; August, $18.506019.50; Septem
ber, $18.50@ 20.00; Octiber, $18.00@19 50,
Linters, first ent.. high grade—July,
10@13; August, 10@13.
Linters, clean, mill run—July, 6% @
TY%; August, 63, @7,
CHRONICLE'S COTTON STATEMENT
oST R EANE TN
In s'g't wk.| 43,788/ 67,055 61,214
In s'g't, 5ea'12,421,868/123,503,251/15.361,214
Vis. all k'ds| 2,983,025 3,465,204 4.635,044
Vis. sup.Am| 1,689,025 2,319,204 3,215 044
Dec, vis, alll 59,787 139,804| 272.50
De, vis, Am! 81,727! SB, 904 185 501
\Spin's taks. 134,806 152,959 246,715
Taks. Am'ri12,967,077/13,420,445 /13,833,360
NEW YORK BANK STATEMENT,
NEW YORK, July 21.—The weekly
stateriert of the New York Associated
Banks shows the following changes:
~ Average Statement,
T.ooans, decrease, $61.130,000.
Demand deposits, decrease, $116,742,-
000.
Time deposits, increase. $5.261,000.
Reserve, decrease, $41,137,760.
Actual Statement.
T.oans, decrease, $124,907,000. .
. Demand deposits, decrease, $67.717,000,
Time depostis, increase, $6.360 000,
Reserve, increase, §107,500,770.
NEW YORK CURB MARKET,
The curb market opened firm and
closed strong.
STOCKS Opening. Closing.
Atlantic Steel 130 @l5O 130 ’l5O
Chevrolet ..... 98 @ 9 94 @9B
Brit.,-Am, Tob.. 18 3% 18 2 18%
United Mines.. 25'4@ 25% 25% @ 254,
Alagka ......... 30 @ 38 0 @ 3%
Hecla Mines .... 8% @ § B%@ 9
Oklahoma ...... 8% @ 9% 8% @ 9%
Lake Boat ...... B%@ 7 6w 7
Marcon! ......... 3%@ 2% %@ 2%
Nipissing ....... Th@ 8% Tha@ 8%
Submarine Boat 31%@ 81% 351%4@ 21,
St. Ofl, N. Y... 284 @287 284 @287
St. Ofl, N, 11...576 @SBO b 76 @SRE
St. Ofl, Ca1...268 @361 258 @261
St 011, 1nd....7560 @760 N 0 @760
Prairie .........510' @B2O 510 @620
Obio Ol voe 870 Q3RO 875 @3BO
Indiana Plpe .. 94 @ 97 4 @ 97
' Houston 0i1.... 19 @ 22 19 @ 22
Cosden Ofl ... 12%@ 12% 12%@ 12%
Anglo-Am. Ol 1R @ 18% 18 @ 184,
Unfon Tank ... 98 @IOO 98 @IOO
Bayoy Ofl ....... 8 @ 10 8§ @ 10
Vietoria 01l ... 9%@ 10 9% @ 10
Inter Pete 13 @ 1%% 13 @ 13
.' ’ 2
g Prosperity Bulletin No. 5 |
3 T S
{ A continuation of the great E
prosperity that has ruled in {
this country for two years is §
assured. There is an abnor
mal demand for everything the S
workers of this country can s
grow or manufacture. There
is work at high wages for
. every man and woman who
s wants work,
A A AAA A AR A A A A AR A Ay
\ ———
Neutralized Peace Reports Afford
. . '
Little Sentiment in Market
in Friday's Sesion.
By BOERSIANER.
CHICAGO, July 21.—Obviously the
new German chancellor is a phonograph
for the Camarilla; more faithful even
in reproducing the volce of the mili
tary masters than was Bethmann-Holl
weg. [t is now clear the change in the
chancellorship is for the worse; evident
that if the question of peace is left
to the Berlin chancellory it must be
forced by the sword of the Allies,
But the set-off is the reichstag. The
resolutlion for peace without annexa
tlon and indemnities, carried 214 to
116, implies that the military cabal will
not henceforth have everyvthing their
own way. An entering wedge of a
home-make has been made in German
militariem. By that much, peace has
been rendeéred more or less possible,
Betwee‘mthe defiant speech of Michae
lis and the reichstag's peace resolution,
the marlslgt had to seek effectives else
where. he street did not expect neu
tralized information from the enemy’s
camp, and for a time cast about for
directive hints. Professionals furnish
ed them,
* & »
Falling to force a break by attacks
on certain industrials, netably Ohlo
Cities Gas, a reverse course was taken,
the more so as it was found that the
daily taxes scares from Washington
were becoming stale to the market
palate,
Covering, while only limited (com
pared to the huge bear account out
standing) and leisurely, had a quick
an%hensitlve effect. Prices moved for
ward quickly and sensitively. Steel ad
vanced more than 2 points. The shares
of the Texas Company jumped 6 points
on a small bearish inquiry.
¥
Not all _commission house partners
find the Washington air inimical to
stock exchange prospects. A sane ex
ce?tlon is John F. Harris, of Harris,
Winthrop & Co.
“I have been in Washington,”” he says.
“One of the interstate commerce com
missioners told me that the railroads
had nothing to fear; that the commis
‘sion #ecognized that business in this
countfy eould not be in a healthy con
dition unless the railroads, the great
avenues of transportation, are in a
healthy condition, and the moment that
it as established that rates were too
low and the hedith of the railroads
jeopardized, that moment the interstate
commerce commission would grant in
creases.
“Of course, the answer to that is
that the railroads have notified the in
terstate commerce commission that costs
of conducting business had so increas
ed they could tell the commission to
day just as certainly as the commis
sion would see it in January that the
eastern railroads would not earn a fair
return for the shareholders on the pres
ent rates,
“The commission, to my mind, is look
ing backward and not forward, and it
is pretty discouraging for the railroad
people, but' m¥V guess is that the rail
roads will get further rate advances.
“The government says that it is will
ing, in fact anxious, to pay such rrlves
for steel, copper and other material nec
essary in the prosecution of the war
that producers and manufacturers will
receive a fair profit, but that they are
not willing that the young men of the
country should shed their blood in Eu
rope and those who remain at home
fatten on enormous profits. 1 think a
pretty fair profit will remain to the in
dustrial companies, and that a reduc
tion of profits and huge war taxes are
already discounted in current quota
tions."”
. . .
H. P. Davison is really doingz a won
derful work in _connection with Red
Cross matters. He is calling to his aid
the very ablest industrial managers of
the United States and the Red Cross
manjgement is likely to stand out as
rem*bly vigorous, intelligent and
hone®. Other departments will suffer
by contrast, and I venture to predict
that marhy of the men whom Davison
has called to the Red Cross in Wash
ington will sooner or later be going to
other departments, much to such de
partments’ gain.
“You probably know that John Ryan
has been made director general of pur
chases of the Red Cross. He is going
to Washinflton with a greater interesf
and zest than he has had heretofore
in any work, whether it was Montana
Power, Inspiration or Anaconda. Davi
son is orx;nl(?lnl the Red Cross so
thoroughly and he has such wonderful
ability that if this war continues, and
even though it doesn't, 1 venture to
predict that President Wilson will avail
himself of Davison's services in a
broader field than the Red Cross, even
though that is highly important.”
. - »
A comparative analysis of the steel
stocks made by a commission house
gives a book value of $171.02 a share
for Steel Common, $139,05 for Beth
lehem, $58.57 for Midvale, $161.70 for
Republic, $146.35 for Lackawanna and
approximately SIOO for Crucible. The
ratio of book value to market price is
given as follows:
United States Steel, 131.56 per cent:
Bethlehem, 99.33 per cent: Mildvale,
92,97 per cent; Republic, 173.56 per cent:
Lackawanna, 154.05 per cent, and Cru
cible, 111 per cent,
- . .
Money rates again hardened in Chi
cago. Borrowers who gat money last
week at 4% per cent changed their loans
yesterday to time and paid 5.
The Government's requisition of Lib
erty Loan deposits has just taken out
of local circulation $100,000,600,
Banks not members of the reserve
system were called for 60 per cent of
these Government deposits, and the
member banks—that is, mostly national
~50 per cent. The difference in the
percentage of the call is explained by
the large country bank tu-r-ufils carried
by the national Institution® The call
was lssued Tuesday and résponse to it
completed Thursday,
CUTTON SEED OIL,
Cotton seed oil quotations.
| Opening, | Closing.
B . . . s s il iuuiio: DS
SANUAYY . . ~ Jiß RZ?L’& 8313.75@13.74
February , . . .[13.80@13.95!13.70@13.86
July . £ i 13.75
August . . . . 1400@14.05 13.90@14.01
September , . /14080014 06 13.80@14.01
October . . . .[13.96@18.9713.90@10.91
November . . . 13.70@13.77/13.68@13.73
December J18.78@12.80'13.700013.72
T Closed steady; sales 3,900 bags
MONEY AND EXCHANGE,
NEW YORK, July 21.-—-Sterling ex
change was steady, with business in
bankers’ bills at 4,75 for demand,
4.72% for sixty day bills and 4.70% for
ninety day bills
:
\
Gene i
ral Electric and Steel Com
m i i
on Record Big Gains—Mar- ‘
ket Closes Strong. |
\
NEW YORK L |
ures of the tc;cl;]urln.‘/ar;(le't‘?l::“m‘ 4o 3
x:l]y showed advances, the (;fi,’mgf,.":r'
2 ¥
N 8 up to 1l in United States Steegl
;:"”"ible- Marine preferred, American
‘an, Industrial Alcoh '
01,
gains took place in UnlOl'w]';z:ltT:‘a,ller
aconda, American ) gyl
e e
mov 3
in the last heur. . Beners) micsn, points
8 points to 166, -Stee{leral Electric rose
ed to 123%, but shaded off (o 1534 in
the last few minutes, Th e et
ther recoveries in most sere were fur
sues that had shown wemknes sio: trs
ea’vl"lly dealings. Wemicrion sin the
e marke "
nitht Betide tuncég:ex:l eg@xong: Govern
other bonds steady. ARG, Snliway and
Sto:
_Stock_quotations_to_close:
STOCKS_ e | [Clos. [ Prev
~STOCKS— igh | ,
Kis-Craims— 29‘%-,—'—l::!';".3!&[9 Fre
Amdr'-)i' oret ¢ . F ‘52% fig?“
e can z e :.._| o /'
A do, Dref.m.c 1, : L. 23)
m. Agricultural | 923 034 | 034
Amer. Beet S deir! 934, | 93% |94
A do, pref. h.ugar.‘ 911,21\ 91%} 2%1 [ %‘
merican C torl s cowi A 3 98
i\ do, Pref.an. : f ‘9‘“!‘ e [49l“' (4);“
m. Car Foundry | 7614 757 s [106%
Amer, Cotlgg“?)h\'] ‘61'.19 ‘s.'; 38 T;‘:
Am. +Locomotive .| 3% | 7ii4| T 3 11
& do, pref. . et .o 72&116'
Lo 3 cnV ] cugd LLalion
g Sragne. s iaidusi b
Am. Steel Fdy. .| 68%| 68 | 68 {llß
Am. Sugar Ref. (1§ *|138% 1 ostt
Amer. T. and T. .| A st
Am. Suma. Tob, .| 49 | '46"]!120%']21
American Woolen |54 J 53 SR
American Linseed [ 5 oo
A”do, prat. ~ ‘ e (2«5) fi‘;""‘
I Beel. o Vehae! sl 14
Ame]r. H. and LE. '!l%:'2 "l’éf;,‘j’ggfl‘;’fiy
do, pref. | 56 2| 8
Americapn eflce’ ; ‘ 56%1 56% 56%! 56“:
Ao prats | i i H;
o Bo| Bt it seuc! 18
do, pref, . p }2%’\ ég%i']““ 5%
Amer. Tobacco ,2(}& ’ lm | 89% 69
Am. Writ. Pap. .| 1 207 o |205
Anaconda . ~ ..|7l )6% ‘!‘ T
Alaska Gold dn i 6% l‘i%l 2%
Alloy Steel eBT 8
s TR e L
do, 'll>r;:f.- o -i100§.!100-‘.|10(-1§,‘1005§
‘a.‘ Y JERG. 5 4 I II h;’g‘;@h?&
raldwin Locomo. .| 114! 50 | 7
B. and lO.JO.CO_m(," J !(I,;é;l -{g | Tl%) 89%
= o |R R el I
il LBt E Rl e
o Drrr-lef.Steel .7132 i}l29 ‘\ll:'{:;‘ !Ks
= s L] Lo STIBKINE
o ‘.r:ef.. " .11231,,“'1?.:{,‘129 ‘{l2.;.«;‘
gulltepfiunnriér,'. :{ 5 9’“' 3‘3@ g’}“fi
al. Petrol 18141 181/ 18
ol rerctls - |il G
“anadian Pacific 163 163 |l6
Conadion | 11631163 |162%
SN e o 134‘1“(133&
Bt ¢ L &
C., M. and St. P. ft ?‘&: 32%1 23 LR
Chino Copper . !585’2 531 %! 59%
Consalidated Gas | 088 1061
Corn Products . .| 3455 343! :
i do, pref. f. T M%> 3“': 33% 33?2
“rucible St 1837 y 81igl ¢
Cuban Am.eglug'ar.li ”® 1 81%‘“82 3%
Cuban Cane Sugar 417 418/ Stattel
de. peet. V' . bt H“‘” 8
(:ns( Iron Pi ‘ ) o"1 2'l) ’x
(P(la’?‘tpra(l:obeltmr oy 28 ! Rl gt
: Pusr ;.. | ‘ | 103
Columbia Gas. . . 33 | fg }fg 1 B
Cerro De Pasco ..| 343 | 34%! 2 39
Del. and Hud. ..| ... |4% Tet
g‘rfl\”' Securities .| 514! 243/ 24?§, 'l'gx,‘:
s 2125 1 5474
iTk st | zs,al 25 ‘ 254 2474 |
Ao M mrar. .. 100 gg% 2
General Electric .1156 1154 156 R |
General Motors .[1155% 114 [1155 1145
gmflrkh Rubber "51'54‘ 51 }‘ ":lqu'N 7}
SO Northern et 1108 1045 104 t 103~
(Qrvenm(?unnnnn l e /B“(:'(;x/ |
3. Northern Ore .| 335! 333! 2314 »
Great \V:flsternre. i- fi) _— ?3‘2‘ 1
i I?n.\tpref. Coel en s o] “']U;. '1"]!";
sTR B ...l 3331 231
d(‘. Ist nTI“;“llzo ’l2O }%g 1117 |
U T e !Bl U
{llinois Central ..| ....! ””‘lO% 10314
nsp. Copper . . .| ," 243/ nnlsl B »
Interboro I. e s“') 5“" ‘);:h agl'
do, weer . LTt MRI ined
Indus. Areghol . (130141157 (15814 15815
inter. Nickel. . .! 303:' 283, | 10&711!"2‘
Inter. Paper . . .| 36 | 36 | 36 | 3 *
K. C. Southern . ! | [ 3 3
do, pref. . e 'fl ;?’?‘
R T 6“‘ ')élf
5 & aest ok | 1114
ennecott . . . .| 43%| 42ig| 4214] 5.
Lackawanna Stee] | MLZ‘ a:':' zélj g%":d
Lehigh Valley . . 63 | 63 |63 | 53"
{Acled'e .l ol 96 ‘9:
ong Island . . . [
Lee Tire. g g
» and N. . . . 1933412335 12314 (123
Maxwell Motors. .| 36‘,‘;"31»; "-’lfi‘ 174:";
SO el L 83| 62
do. 08 prets ) ioci] il 26 | 321
Mo. Pacific (new).| 82i4| 32i4| 3214 82 ¢
Mexd‘).l’;:.:rf)leum .| 96% | 95%| s:';',"_!; 944
Marine. . . . . . .| 80%]| 298! [ 3914
do. pref.. < xflib:T i}:s:i 8‘(8):/' 52%
Montana Power . 80 | 90 | uo‘l 001
do. prets, .. | l 1108 {I(A)S“
Midvale Steel . . .| B3i) 584 591 58
Nat, Cond.. ... .| 87% 371! 87| 36%
National Enamel .| 42% 41‘/,5 ‘4:’"3 ‘
!’:'or{'h American .| .... 2 “‘ 61‘&
Ny Rl B TR 3
National Lead . .! o 15' l %,5
N and W 128 Y 33 ez 122
orthern Pacific .| % 1 1101
NTYLO and W, 1O 1108 'OB
Nev. Con. C T, | | 317 15
%Y, Aeoraks |ol oL AL
Ohio’ Cities Gas .| shi| 84%| 55%] 663
Miami I‘,upper Al "0 1 3:72
Pitts.-W. Va. Coall ... | 3214 82
%ot oo i g 3
Pacific Seall . ok Ll LU BT T
Pennsylvania . .| 3% 531%) 83%) 53
People’'s Gas . . .| 17 | 17 ) Kk o '7,6%
P, Steel Car . . .| 13%| 12%/ 718%| 12
Pittsburg Coal ..| 68%| 51| 568 43
Ray Consolidated. 263% 26%! Zfib‘l 26 2
Reading . . . . .| 6%} 95 | 969 "‘;’%’
RORUDE aiect |(| L LRI
Rock Island . . ‘i esi) 5%
BOTRRE -, o L sibipa] ?:'/“ .
Ry. Steel Springs. b T 8
.N‘Fnrs»Rn»hupck g e 12; 112]{
Sloss-Sheffield . .| 2l bily b 2% 62
Southern Pacific || 9314 | 9314| 9314 93%
Southern Rallway.| 278 27%)| 27%] 275
do, pref., ¢ i .1 66" |6B "
Studebaker. . . . 65| 53%/ 64%| 55%
g;lp?rior dh‘lrol of s il Thol H. ¥
St L.and B.W. .| ....| ...:| 8% 53N
Sinclair Oil .. . 385! 43%| 43%%| 429
BAREIN - o] W 8 omE R "33
Bra, Lo L 123
a 0 PN . il dikal | 2814
Tobacco Products. 64 fl-’!'-,k 3::2‘ f'g:m
Tenn. Copper . . .| 17%! 17%] 17%| 17‘“
Third Avenue . .' . o il DR I‘9l‘
Fexan O. . . .l192ig(191" ‘(18278101
Texas Pacific . . d sis4l 3N 15
['nited Fruit 187% '136% 135 % 120
DRI BN . ¢ ol Ny
Union Pacific, . .118814|136° (136 1368
~do. préf.. .. .| ... ... 19%] 7914
U. 8. Rubber . . .| 61% 60%| 61| 60
o e W e
U. 8. Steel . . . .|128%!182%(123%(122
do. pref.. . [1181L1184111814/118
Utah Coppm A LllO4 1103151104 1103
United Cig. Stores 118 11635 [117%/117
V..C. Chemioal . .| veuf dass] 2 41
V. 1. C.and Coke.| ....l +i..| 86%] 66y
Webash . . .« I vens] siar] 1B Hu‘
yot SR T TAR T LARTTARTT!
Western Unfon . . I~sv‘.‘ !»'4l’/:
Willys-Overland .| 81%| 81| 314 l 3144
&'unlwnrth i ol vakibiins s 1000 1208
restinghouse . .| 497% “ 94 8
Wis. Central .-, A “ “ “%‘ :gz:
White Motors . . .| . Mo aeiel 4634
Wilson Pack. Co..| . ... vizil Ol:zi 69
BIGGEST BUSINESS IN HISTORY
} 4 §
ONWAYTOSOUTH, SAYSJ.K.ORR
By JOSEPH K. ORR,
President J. K. Orr Shoe Company.
Never before was a great country plunged into a gigantie
war with so LITTLE interruption to its commerce.
nl some lines there has been a slight waiting period, really
TSN little more than a slowing down, which is
R ¢ usual at this season, and rather an indica
[ AFCAMAN | tion of SOUNDNESS,
§ These periods are healthy, they serve
{g g as & test of the market. Two of our buy
§N T P %mp . ers are just back from Boston. They re-
P port while imany shoe factories are catch
i‘.%\;{- ing their breath after a most strenuous
vear, leather prices remain firtfi and desir
. able selections are not plentiful.
1, R S With abundant harvests, and our cot
e, R ton crop—llarge or small-—as a practical
» b surplus, the SOUTH can look forward to
AR the BIGGEST business we have EVER
known in the four months that will close this year. And yet
the merchants of the South—almost to a man—have cut our
speculation.
As never before will the home base of supplies and the
nearby factory prove its real usefulness. Then again will
patriotism and prosperity go hand in hand for the defense
and upbuilding of our whole country.
COTTON GOSSIP,
With the drought relieved if not bro
ken in Texas, that avgument is relegat
ed to the background. On the other
hand, the continuous showers in the
eastern belt are attracting attention.
We are only four days away from the
date of making report to the bureau,
and very little change can be expected
in that short period. It seems probable
that no matter how much improvement
may have taken {)la(‘e in the last month
and particularly in the past two weeks,
the bureau figure at best will be still
far below the ten-year average. The
Russian situation is very discouraging,
disintegration is spreading, which, of
course, makes the task of America in
the hlfi war all the heavier. While giv
lnf full measure to the European de-]
velopments on one side and the crop
improvement on the other hand, the
fact must be borne in mind that mills
need cotton and are taking it up on
every decline, and there will be no new
supply available as far as the mills in
New England are concerned until next
October and November.—McElroy.”
- L -
New Orleans—The weather ma
shows fair in northeast Texas, nortg\
Texas, Oklahoma; cloudy rest of ‘ne
belt; general rains over southern half
of Texas; San Antonio, 1.30; general
rains over eastern half belt; raining in
Tennessee; rainfall east mostly light,
but heavier in drou%ht section of Texas;
drought broken in Texas.—Kofler,
- - -
Rahfim: Taylor, .08; San Antonio,
1.20; Corpus Christi, raining, .50; Gal
veston, Yo Palestine, .46; Shreveport,
.94; Little hock, .01; Mem‘)his. raining,
.14; Vicksburg, 1.19; Mobile, .76; Me
ridian, .42; Montgomery, .70; Nashville.
raining, .16; Chattanooga, raining, .84;
Atlanta, .04; Augusta, 1.53; Knoxville,
raining, .01; Savannah, .10; Rnlel,h.
1.12; Del Rio, Texas, .04; Houston, 2.14;
Jackson, .40; Birmingham, raining, .01;
Macon, .26; Anniston, rainln‘. 1.66;
Brownsville, Texas, raining, 2.48,
- - -
The Times-Picayune says: ‘““The main
outstanding factor of the market dur
ing the past few days has been the
broader character of the trading. This
is in strong contrast to the situation in
the Northern market, where a near
panic exists among July shorts, owing
to the diffienlty in securing cotton with
which to liquidate their contracts. The
gituation holds out no hope of early
relief, as the commandeering of so m.ny}
coastwise vessels and the congested
condition of rail traffic will make It
difficult to draw cotton from the Sotith
in anv volume for some time to come.
The eituation in Liverpool has reached
a virtual impasse with the American
stock there down to a level with that
at New Orleans, with this difference:
That while Liverpool has poor prospects
for replenishing .the supply, owing to
the scarcity of 'onna%e and the subma
rine warfare, New rleans can draw
cotton from the-suarrounding country at
will without difficulty.”
. - i
Thomson-McKinnon & Co. say: “"Ap
parently the entire drought section of
Texas has been relieved by a good rain
fall. Crop reports from Oklahoma are
very favorable. Professional sentiment
favors selling on the bulges.”
- - .
Columbus, Miss., wires: “With but
few weevils and plants fruiting rapidly
cotton in this county is in fine condition,
Although acreage is small, it is expect
ed that more cotton will be produced in
this section than in many years.”
LONDON BAR SILVER.
LONDON, July 21.—Bar silver is off
I%d at 39 13-16 d.
FINANCIAL BUREAU ON STOCK.
NEW YORK, July Z2l.—Sentiment is
changing for the better. Pessimism is
not as rampant as it was. Shorts are
displaying a ‘‘retiring disposition.” Ir
regular recovery is suggested, It may
well be agcelerated in the event of fa
vorable néws for the reason that the
techinical condition is materially improv
ed. “The market has discounted a
great deal, the short intercst is large,
and the better class of securities are at
bargain prices”’ says a leading private
banking institution. Good buying is re
ported in United States Steel, Republic
Iron and Steel, Marine preserved and
especially Bethlehem Steel “B."”
FI'!ANCIAL NOTES.
NDOW YORK, July 21.—8enate to voto
cn food administration bill today and
bipartisan agreement paves the way for
its passage.
. - .
Reichstag votes new war credit of $3,-
TSO, (400,000
- . -
United flnt«-a removes embargo on
munitions tH Mexico,
. - -
Dun’s Revicew says halting tendencies
appear both in new busginess and in
prices and result mainly from contin
ued bouts about prospective economic
changes arising from war conditions.
STOCK MARKET OPINIONS.
Ware & Leland Co.: '‘As the rally
could go higher we would be inclined to
make 7urlh-<r purchases at this level.”
. - .
Harris, Winthrop & Co.: “We look
for this rally to continue further.”
ELGIN BUTTER,
BLGIN, TLL., July 21.-—Butter wag
offered at 388 c on the Elgin market to
day. There were no sales, Last weeks'
price was 37'%¢.
s it o
Athens and Return, $1.50
on Sundays. SEABOARD.
ot ettt
BYRD PRINTING CO
GRAIN NOTES.
CHICAGO, July 21-—The St. Louis
Republic prints a very bearish report on
the corn crop of Missouri, Kansas, Ok
lahoma and Illinois. It says the Mis
sourl crop will be larger than the
bumper crop of 1902, when it was 320,-
000,000 bushels. Corn is not suffering in
Kansas or eisewhere.
L - -
Price Current Grain Reporter says:
“Yields of winter wheat in many sec
tions is above earlier expectations.
Rains in the Dakotas very beneficial.
Corn crop conditions spotted. Oats
crop reports generally good, and har
vesting is progressing rapidly north
ward. Packing of hogs in West the
past week, 544,00; previous week, 419,
(00, and last year, 580,000, Since March
1 the total is 10,292,000; last year, 11,-
377,000.”
. - -
Advices from PoPrtland, Oreg., say
that” unless rain falls throughout the
Pacifiec Norchwest wheat belt within a
week millions of dollars will be lost to’
farmers and the crop will be scarcely
one-half as large as predicted a month
ago. Even now rain can not prevent
an enormous loss. Grain dealers and
railroad officials in close touch with the
wheat situation today predicted tnat the
vield for Wnahlngton. Oregon and Taho
will not exceed 35,000,000 bushels, whers
it wns expected 65,000,000 bushels would
he rfirvelted. In the dr{onectlonn of
Washington it is early wri aprlns
‘wheat that is damaged the most, an
in the dry sections of Oregon the late
spring wheat is suffering the heavier,
LIVE STOCK MARKET.
CHICAGO, July 21.-—-Hogs—Receipts
6,000 Market, s@lsc up. Mixed and
hutchers, 14.25@15.569; good and heavy,
14.95@15.60: rough heavy, $14.10@ 14.85;
light, 14.00@12.25; pigs, 1085@13.75;
bulk, 14.406@15.40.
Cattle—Roceipts 1,000, Market steady.
Beeves, 8.75@14.05; cows and heifers,
6.00@13.40; stockers and feeders, 6.75@
9.75: Texans, 9.50@12.00; calves, 11.50@
14.50.
Sheap—Receipts 9000 Market weails.
Native 5&;161 Western, 7.76@11.00; lambs,
11.50@15.90.
5'!“.227 LLOUIS, July 21.—Cattle: Re
.aipts 600, including 70 southerns. Mar
fi‘t steady. Native beef steers $7.50
@13.50: vearling steers and heifers
{!.50@18.25: cows $R.00@10.50; stockers
and feeders $6.00@9.50; calves $6.00@
14.00; Texas steers $5.50@9.50: prime
gouthern beef steers $8.00@12.25: cows
and heifers $4 25@9.00;: prime yearlings
and helfers $7.50@10.00.
Hogs—Receints 25,000. Market 5 and
10¢ higher. Mixed $14.90@15.50; good
£15.45@15.60; roueh $14.00@14.25; lights
$14.75@15.10; pigs $10.00@14.75; bulk
$15.00@15.50.
Sheep—Receints 700, Market steadv.
Ewes $8.00@8.50: canners $4.00@4.50;
lambs $10.50@15.50¢; choppers $6.00@6.50.
1 ¥ MAGNIPIGENT THROUGM
¥ A r
ATLANTA 748 A. M. TO-DAY
CINCINNATI 9100 P. M. TO-NIGHT
CHICAGO 7:45 A.M. TO-MORROW
THROUGH SLEEMNG CARS ALSO TO LOUISVILLE AND INDAAMNASOLN
THE SCEN'C ROUTE
THROUGH THE OUMBERLAND MOUNTAING AND RENTUCKY BLUE GRASS REGON
CITY TICKET OFFICE, LOUISVILLE & NASHVILLE R.R.
14 PEACHTRER STRERT PHONES: BELL MAIN 109, ATLANTA 183
You will give added
impetus to your busi
ness if you put a de
scription of your mer
chandise into the
“Business Cards” of
The Daily Georgian
and Sunday Ameri
can
- NOW'!
R oS Ner:
E e N l! -
SN 1 Sl
gtl"\‘.‘ 5 T i N
RN M
ST ety e
7S TR N SRR,
S :I‘?s NN
LGS EQNNNN
Mot i sas o v ‘\f\\‘.xxg.;
y '
Option Closes 9 3-4 Cts. Higher.
~
July Gains 5 Cents—Corn
and Oats Lower,
: Bx JOSEPH F. PRITCHARD.
CHICAGO, July 21.—September wheat
sold up 7 cents from yesterday's price
to $2.26 during the first nalf hour of
trading on the Chicago grain exchange
today. July wheat was stationary at
$2.59. Corn scored fractional gains,
while July oats rose 2% cents to %8%.
September wheat was the stronger of
the futures, showing a gain of ¢ un
aer a pressing demand and the Jslhy was
np b cents with tne baying at ‘times
quite urgent. Corn closed unechanged
to w@lige lower.
Oats were unchanged to % @3%e lower,
while provisions were 5@32%ec higher
for the list. The greater strength was
shown in the pork trade. There were
no sales of cash grain.
Gram quotations:
High I Cl P"cvx"’:
gh. oW, ose. 0!
WHEAT- g
JUIY.. s 28R 2.50 2.56 2.50
Septe.... 2.27% 2.18 2.27% » 2.18
CORN—
Sept..... 1.62% 1.3 1.63 1.63
Dot ... L% 1.16 ]AIG& I‘l7‘
May..... 1.16% 1.143¢ 1.145¢ 1.15
OATS—
... TR 7616 T 8 6%
5ept....... 59% 5814 5874 59
Des. ~.i 161 5914 601 60
PORK—
ST i 40.55 sxe b vkl
Sept.... 40.20 40.00 40.10 39.77%
LARD—
July.... 20.42% 20.35 20.40 <oo b
Sept.... 20.671 20.57% 20.621% 20.50
RIBS —
July.... 21.62% 21.60 21.60 o ves v
Sept.... 21.80 21.60 21.72% 21.50
GRAIN MARKET OPINIONS.
Ware & Leland: ‘‘Any recession of
note js unlikely in corn, while the casn
situation exhibits such strength.”
. - -
~_Logan & Bryan: ‘‘Corn sales made on
sharp bulges should be replaced on mod .«
erate reactions,”
* - -
Bartiett, Frazier & Co.: ‘“‘Marke
yesterday at least showed evidence oz
less inclination to force the short side.
- - -
Lamson Bros.: “Conditions generally
favorable to the growin corn crop.
Immediate shortage of casi oats upset
ting plans of bears.”
it e
. THOMSON-McKINNON ON GRAIN.
.~ CHICAGO, July 21.—Forcing weather
now prevalls over the entire corn bel,
which is highly desirable, exce?t that
rains in the West and Southwes would
|be beneficial. New crop futures are
now 95 cents under price of spot, which
fact has changed the sentiment to the
extent at least of restricting efforts for
(lower prices. Smaller shorts covered
I(reoly on yesterday’'s closing bulge.
Oats—Yesterday's sharp advance in
|oat values, both cash ané’ futures, to a
| great extent eliminated the outstanding
| short interest. One or two cars of new
}ouls have arrived in Southwestern mar
kets and the appearance of a few cars
here would pro[!))ablv ease the stiuation
imaterl‘ally. The first indication of a
change was shown in Minneapolis,
'where cash values deciining to 3 cents
as compared with the futures. This
market Is in position to respond read
ily to movement to new oats or decline
‘in cash premiums.
WILL NOTIFY MEMBERS.
CHICAGO, July 21.—President J. P.
Griffin says: “I am called upon each
day to deny many unfounded rumors af
fecting suggested modification, altera
tion or rescinding of maximum prices
now in effect. He sald:
“Your board of directors will n% in
any respect modify or descind existing
‘maximum prices, nor will there he es
tablished additional maximum prices
‘without the entire grain trade first re
celving notice from me 24 hours in ad
vance that the board of directors will be
called in session and the purpose of the
meeting will be stated at the same
time.’
e e ——————————
|
IBYRD FRINTING CO