Newspaper Page Text
Atlanta Bank Clearings Show Gain of $10,905,693.29 Over Same Week a Year Ago, Reflecting Active Business
-- 3 R
Rl N R
g"‘ &
| { SE oty
A\ L S
YN LN \,:; i
?:ihh’ NP éil
I NN s
Atlanta bank clearings Saturday .........$3,316,184.07
DR G R YUY .o s's ovsstiobns s vons bl 821.431.45
e IR & vvo ois b siieniiis dbitiiens s 8LA94.05262
Atlanta spot cotton Saturday ..................24.70c
Ty TR R A | ™
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
dn-the face of unfavorable weather, aggregating $23,156547 34,
»88 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.
b .
Heavy Suply Causes Dip—=Geor
f gia Peaches Plentiful—Call
for Melons.
Produce Row was heavily supplied
with Georgia cantaloupes Saturday,
kwith the result that prices broke 25 to
kao cents a crate, selling at 75 cents
[to $1.50, depending on quality.
. Although peaches were in heavy
E supply, prices were quoted unchanged.
Both cantaloupes and Jeaches are
showing up in poor condition, either
too green or too ripe. i
However, the pink meat and honey
' dew- varieties are of extra quality
-and bringing top prices. Dealers re
port that,fteveral cars of California
?canh.loupeg are rolling. In the mean
- while 2:” are off stock al
reafly on track bßass. California
stofk.is bringing #9% % SB.BO per crate
anjl quality is good.
ere was a good demand for wa
t elons Saturday. Receipts were
hfavy and prices ruled unchanged at
ffom 10 to 20 cents on the bulk of
the stock, but several hundred melons
f extra large size brought higher
rices, being sold to hotels, clubs and
restaurants.
Eggs held steady at Friday’s prices
—2B to 32 cents 'a dozen.
Following are wholesale quotations
for Saturday:
POULTRY, B JITER, EGGS.
(Corrected by the Fidellty Fruit and
Produce Company,) -
Butter—Fresh country, 30@ 35e.
Egss——Fresh country, candled, 28@32c
Undrawn Poultry-—-T""awn, head ana
teet on, per pound: ’
Friers, 30@32c per gound.
Hens, 23¢ per pound. [
Roosters, 11@122 per pound ;
Live Poultry: |
Hens, 20¢c per pound. !
Friers, 28@30¢ jer pound. ;
Roosters, 10¢ per nound. i
Puddle ducks, 40@50c. >
Guineas, 25@30c each.
VEGETABLES.
OKRA—SISO per crate.
GREEN CORN—2o@3o¢c per dozen,
CUCUMBERS—SI.SO@2.OO rer drum.
TC.IATOES-—Choice, $1.75@2.00.
EGGPLANT—S2.OO@2.SO.
BEANS-—51.00@1.50 per hamper.
LETTUCE-—Head, $1.00@1.25 per
dozen, $2.00@2.25 (per tub,
CELERY—S3.OO@B.SO per crate.
BELL PEPPERS—S§I.SO, $1.75 and
$2.00 per crate.
SQUASH-—7sc@sl per crate.
ONIONS-—Texas, crate, yellow, $1.76@
2.00; white, §2.265.
THISH POPTATOES—New crop, $2.00
92.25 per drum; barrel stock, s6oo@
.00 per barrel.
.. CABBAGE—Nomina!, $2.50 per crate.
FRUITS,
. GEORGIA WATERMELONS—IO@2Oc
each.
GEORGIA PEA.CHES—JLSO(ELTS per
crate.
HUCKLEBERRIES—IOc quart.
CANTALOUPES—Georgia, 75c@51.50;
California, $3.00@3.50 per crate.
BANANAS—2% @3c a pound.
ORANGES—California, per box, $4.50
@?5.00.
LIMES—SI.OO@I.2S per 100,
LEMONS—S7.OO@7.SO per box.
GBORGIA GREEN APPLES—SI.7S@
2.25 per box. :
FLORIDA PINEAPPLES-—53.00/3 0
per crate.
PRIMARY MOVEMENT.
Recelpts— | Sat'day. Last yr.
TVHEAt ....iseveeeeeees| 600,000(1,433,000
BOET. |. o o anwevose sananid. 808, 0001 Ԥ13,000
ORLE ..o i 5 nis weonil 06,0001 - 003,000
SRR N
Wheat I 203,000, 798,000
COrN +.evvsieienseiisol 299,0000 642,000
Offs ..iievernn......| 858,000] 838,000
CHICAGO CAR LOTS.
CHICAGO, July 21.—Following are re
ceipts for Saturday:
SRR, . i vhiid et A O ws e 18
T A e R R e Y 85 |
BRI e v s s Vi eeied e lIR
TROBN Ao oo v 4 v vh e nie an v 6000
NEW YORK COFFEE MARKET.
Coffee quotations:
. | Opening. | Efloulng.
BOURLY . + » | sovenneess | 8.07@8.00
{'ebrflar? oA . l 5 8.12:%8,14
March . . ... 528 8.17@8.18
,fiprll ¥oha s 1 8.22%8‘23
YL L e B 8.27@8.28
COMNEE & o o o) s | S3BQIOE
RE. o S Sl ciiciee COODTAR
Auget . . . Do | 1810188
September . . .| 8.00 7.94@1.95
OISO b i o] psmnssesss 4 TRTRT.EO
November *. . .| 819 | v.mrgsm
December . . .| 8.10 | 8.02@8.03
THE CEORGIAN'S MARKETS AND FINANCIAL
. . .
Financial Sunshine
Business as a whole is being
maintained at a very high
level. General business outside
of war necessities is lagging
perceptibly, the general aver
age being brought. up by the
release of Government con
tracts for munitions and war
supplies of all descriptions.
The reason for the lull in ordi
nary business is quite clear,
Great uncertainty exists as to
just what control the Govern
ment will exercise’” over the
regulation of business, espec
cially as regards prices and
profits—First National Bank
of Boston.
NEW YORK PRODUCE MARKET.
NEW YORK, July 21.—Petroleum
steady; crude Pennsylvania $3.10.
Turrentln.h firmer, 420425&&
Rosin steady; common $5.80.
Wool strong; domestic fleece XX
Ohio 65@76c, domestic pulled scoured
basis 90@51.80, domestic Texas scoured
basis 90@51.60.
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 5% @B%c™
Molasses quiet; New Orleans open
kettle 40@50c: black strap 23@28c.
Raw sugar easier; centrifutall 6.52@
6.58: molasses sugar 5.52@5.68¢c.
Refined sugar steady; fine granulated
7.65?8.00(:; cut loaf 9.15¢; crushed 8.90 c.
Mold A 8.15¢; cubes 8.40@8.75c; pow
dered 7.80@8.20c; diamond A 7.65¢c; con
fectioners’ A 7.56@7.90¢c; softs No. 1
7.50@7.85¢.
Potatoes steady; Bermudas $3.50@
4.50; Southern sweets $1.75@4.00.
Beans dull; marrow choice $15.75@
16.00: pea choice $15@15.25; red kidney
choice $13@13.25.
Dried fruits, tonnage conditions af
fects exports; apricots chdice to fancy
22@25c; apples, evaporated, prime to
fancy 10%@13c; prunes, 30s to 60s, 1134
@l2lc; prunes, 60s to 100 s, Ioglll&c;
peaches, choice to fancy, 10% 12‘;&0:
seeded raisins, choice to fancy, 7%
@loc.
WEEKLY WEATHER FORECAST.
WASHINGTON, July 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 fair
weather except that local rains are
probable at the beglnnln% of the week
along the coast and in the lower Mis
sigsippi valley.
Ohio Valley and Tennessee—Warm
weather will prevail during the week
except that cooler weather {s probable
toward {ts close. The weather will be
generally fair except for scattered lo
cal thundershowers, 4
WEATHER CONDITIONS.
WASHINGTON, July 21.-—General
forecast until 7 p. m. Sunday:
Georgia, Alabama and Mississippi—
Probably thundershowers tonight and
Sunday.
Florida—Probably local thundershow
ers tonight and Sunday.
Tennessee—Probably thundershowers
tonight and Sunday.
North Carolina and South Carolina—
Probably thunderstorms tonight and
Sunday.
U, 8. EXPRESS DIVIDEND,
Distributfon of an additional dpayment
of $2 a share has been ordered by the
United States Express Company as an
other step in the%rocesn of liquidation
of its assets, This brings total pay
ments to stockholders to about $5,000,-
000. Fifty Per cent of the assets have
now been liquidated. The payment of
$2 a share calls for $200,000,
BT. LOUIS CASH GRAIN,
ST, LOUIS, July 21.—Cash wheat No.
2 red $2.30@%.43; No 3 red $238@2.40;
No. 4 red $2.32; No. 8 hard $2.65.
Corn, No. 2 mixed $2.12; No. 3 mixed
$2.12@2.121%.
Oats, No, 3 white 83@83%c: No. 4
white 80% @81c; No. 2 mixed 50c.
KANSAS CITY CASH GRAIN, .
KANSAS CITY, July 21,—-Cash wheat
No. 2 red $2.44@2.51; No, 8 red $2.40@
2.48; No. 4 red $2.37@2.48: No. 2 hard
$2.80@2.85; No. 3 red $2.67@2.83; No. 4
hard $2.62@2.82,
Corn, No. 2 mixed $2.10@2.12; No. 3
mixed 82‘08?2.10; No, 4 mixed $2.06
@2.08; No, vellow $2.13@2.14: No. 3
vellow &2‘11@2‘13: No. 4 yellow $2.09
@2.11; No., 2 white $2.16@2.17; No. 3
z&'};‘.te $2.16@2.16: No. 4 white $2.13@
2.14.
Oats, No. 2 mixed 77@78¢c: No. 8
mixed 76@77c; No, 4 mixed 75?76& No.
2 white 81@82¢; No. 3 white 80@80%e;
No. 4 white T7T@79¢.
CHICAGO CASH QUOTATIONS.
CHICAGO, July 21.—Corn: No. 2
mixed, 2.12@2.15; No. 2 white, 2.17@2.18;
12\1?6 2 yellow, 2.12@2.16%; No. 3 mixed,
Oats: No. 3 white, 80% @82%: stand
ard, 865 @87%
.
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, although price
changes were irregular, September de
clining 10 points; October advanced 6
points, December 4 points and May 2
points, while January was off 1 point,
and March down 1 point,
New Orleans and other southern in
terests were g:od 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 geneul -elllnf. led by offerings of
Ju_}y. the market se Ilnf down B 0 points.
he close was unsettled and irregular
despite New Orleans buying in the last
few minutes. Final prices were 37 to
50 points net lower.
NEW YORK COTTON FUTURES,
S ————————————— e e
1
a 4.; ) ; ¢
[ 1] ¢] slslf [ 38
cll 3183! 6 £o
e—— O | D
Jy |26.00/26.00|26.00{26.00/25.90-26|26. 40-50
AR loveed: sukisiiites . 0800 25.83
Sp [25.10125.10125.10/25.10/24.73 [25.90
Oc [24.96/25.05|24.53|24.54 24.53-67 34 90-92
NV daasailisodecivnlode 48 124.84
Dec 124 84 24.92/24.43 24.43/24.43-45/24.80-85
Jn [24.8224.94(24.40/24.42'24.40-43 24.83
Mr [25.01(25.08/24.65/24.68/24.60 :24 99-01
My 25.12‘26.12:2«5.12‘25.12 24.72 26.10-12
Closed {irregular.
NEW ORLEANS COTTON FUTURES.
—————————————
o 2 e o e »
" ‘f' ’ 3 |3=| ¢ !fi
S fit & 8 138 £ |BB
OF [ oselisovilavesile oo 0. 58-57 DOOO
AR Jiooocdiecis]e o cs)ees 00]84.00-10124.85
Bp |000.iie51i05..].....[28.85-87/24.10
Oc |23.85/24.03(28.70|23.77|23,75-77|24.00-03
WY Loooidiniodssoaile mealßß.lß-11194.01 408
De [23.77/24.03/23.7523.76€/23.75-76/24.03-06
Jn [24.01{24.10(23.8023.82 23.83-84 24.12-14
Fb L.ooleealiasde, . 19088-49124.17-10
Mr |24.15/24.1623.90/2,.91 128.90-93/24.21-24
My |....L...J.....].....|2404-08]24.28-30
Closed barely steady.
SPOT COTTON.
Atlanta Commercial Exchange quotes
good mldd|lnß quiet at 24.70,
Liverpool, firm; middling 19d.
New Orleans, steady; mlddl!ng 253%.
New York, steady; middling 26.40.
Charleston; middling, 25c.
Wilmington; middung, 26%.
Savannah, fi:m; middling 26.38, -
Boston, z“ulet; mlddlinr 26.60.
Philagelphia, quiet; middling 27.15.
Little Rock, steady; mlddlln! 28c.
Augusta, lgeady; middling 25.63.
Norfolk, stéady; middling 25.38.
Galveston, steady; middling 25%.
Mobile, steady; middling 25c.
Houston, steady: middling 25\%
St, Louis, steady: middling 25%.
Dallas, steady; middling 25c.
Montgomery, steady; middling 25¢.
Memphis, steady; middling 25%.
PORT RECEIPTS. o
The following table shows recelpts at
the ports today compared with the same
day last year:
I 917. 19186.
New Orleans . . . 632 949
Galveston. . . . . 510 747
BRI . v 4 vos abescihag e 35
Sevannsh . .v. . . 2,523 . 249
Charleston . . , . B beasuo wgshid
VEERNIEIN o s o ikevisiigeasy 47
DTN . . 882 191
RN . . . 270/ 98
Philadelphia . . . . 42 54
FROINS CORBE + « shidosoivive 11,884
Various, .. . . .1....i.e. 267
TS, . ..o 5,238 | 14,513
INTERIOR MOVEMENT.
= { 3% 1 .
BOUOR. « « « « ¢ 68 507
USRS . « v s a 174 18
BOBDNIR: . « o 5 » 629 368
Bt.louls. . ¢ 4 + - 955 1,217
Cenastl, « . « o 208 438
Little Rock . . . . L
_Total. . ..... 184 | 2548
_ATLANTA COTTON STATEMENT,
Saturday. |Bales
BOORIPLE i i.. . cxwhni viiv s aiiiel. 108
BRIDINONLE oo consinrvinsisrsonsinkl St ls
Stocks """'""""""::"""'!17'413
ATLANTA COTTON SEED PRODUCTS
Crude 011, 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,
October, $45.00% 47.00.
Cotto nssed meal-—July, $43.00@44.25;
August, $43.50@44.25; September, $44.00
@46.00; October, $45.003,47.00.
Cotton seed hulls, loose—July, $16.00@
17.50; August, $16.00@17.25; September,
$16.00@17.09; Octiber, $16.50@ 17.00,
Cotton seed hulls, sacked—July, $18.50
@20.00; August, $18.50@19.50; Septem
ber, $18.50@ 20.00; Octiber, $18.00@19.50.
Linters, first cut., high grade—July,
10@13; August, 10@13.
Linters, clean, mill run—July, %@
%; August, 6% @T%. =
CHRONICLE'S COTTON STATEMENT
[ 3887, | 1910, | 1015
In B'g't wk. 42,733 67,055 61,214
In s'g't, 5e1'12,421,868/12,503,251'15.361,214
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. all 59,787 139,904! 272.501
De, vis, Am| 81,787, 88,904| 185,501
Spin's taks. 134,896; 152,959 246,715
Taks. Am’r12,967,077/13,420,445/18,833,360
NEW YORK BANK STATEMENT.
NEW YORK, July 21.—The weekly
statement of the New York Assoclated
Banks gshows the following changes:
Average Statement.
Loans, decrease, $61,130,000,
oocl’iemand deposits, decrease, $116,742,-
Time deposits, increase. $5.251,000.
Reserve, decrease, $41,137,760.
Actual Statement,
Loans, decrease, $124,997,000,
Demand deposits,; decrease, $67,717,000.,
Time depostis, increase, $6,360,000.
Reserve, increase, $107,000,770.
NEW YORK CURB MARKET,
The curb market opened firm and
cloged strong.
STOCKS— Opening. Closing.
Atlantic Steel .130 @l5O 130 »150
Chevrolet ..... 93 @ 95 94 98
Brit.-Am. Tob.. 18 @ 18% 18 1814
United Mines.. 25‘4(@ 6% 26 @ 26%
Alagka ......... 30 %38 30 38
Hecla Mines .... 8% 9 8% 9
Oklahoma ...... 8% @ 9% B;'2 914
Lake Boat ~.... 8% @ 17 8@ 17
Marcon! ......... 2% 2% 2% 27
Nl{;ias!ng oo X 8% 7% 852
Submarine Boat 31%@ 81% 3134@ 31V
8t Ol N. X.. .28 ) 287 284 287
Bt. Oil, N. J...b76 @SBO 676 586
Bt. Oil, Ca1...258 261 258 261
gßt. Ofl, 1nd....750 760 750 760
Prairle .........510 @520 510 @520
ghio O ...... 318 %350 375 380
Indiana Pipe . " 04 @ 97 94 ) 97
Houston 0f1.... 18 @22 19 g) 22
Cosden Oil .... 12%@ 12% 12%@ 12%
Anglo-Am. Oil. 18% @ 18% 18‘“% 188
Union Tank ... 98 @IOO 98 100
Bavoy 8. ...icoo 8?; 10 8 10
Victoria, 01l ~.. 9% @ 10 1% @ 10
Inter. Pete.... 13 @ 13% 13 1314
’ .
Prosperity Bulletin No. 5
A continuation of the great
prosperity that has ruled in
this country for two years is
assured. There is an abnor
| mal demand for everything the
workers of this country can
grow or manufacture. There
is work at high wages for
every man and woman wh..\
wants work,
’
.
Neutralized Peace Reports Afford
' ' '
~ Little Sentiment in Market
1 ’
‘ . . y '
in Friday's Sesion. ‘
| |
|
| By BOERSIANER.
CHICAGO, July 21.—Obviously the
new German chancelior is a phonograph
for the Camarilla; more faithful even
in reproducing the volce of the mili
‘tary masters than was Bethmann-Holl
‘weg. It is now clear the change in the
‘chanceliorship 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
resolution for peace without annexa
tlon and indemnities, carried 214 to
116, implies that the military cabal will
not hénceforth have everything their
‘own way. An entering wedge of a
home-make has been made in German
milltarism. By that much, peace has
lbeen rendered more or less possible,
Between the defiant speech of Michae
lis and the reichstag's peace resolution,
the market had to seek effectives else
where. The street did net gect neu
tralized information from enemyl
camp, and for a time cast about for
directive hints. Professionals furnish
ed them,
2 5 4
Falling to force a break b{ attacks
on certain industrials, notably Ohio
‘Cmes Gas, a reverse course was taken,
‘the more so as it was found that the
‘dnlly taxes scares from Washington
‘were becoming stale to the market
‘palate.
‘ Covering, ‘while only limited (com
vared to the huge bear account out
standing) and F‘nurely, had a quick
and sensitive effect. Prices moved for
)wnrd guickly 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
il‘lndk the hWalh'nxton air lAnlmlcnl to
stock exchange p ts. sane ex
‘%fl)uon is John F. nm-. of Harris,
nthrop & Co.
“I have been in Washington,” he says.
“One of the interstate commerce com
missioners told me that the rallroads
had nothing to fear; that the commis
sion recognized that business in this
country could 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 health of the railroads
jeopardized, that moment the interstate
commerce commission would grant in
creases,
“Of g@gourse, the answer to that i 8
that the railroads have notified the in
terstate commerce commission that costs
of conductinf business had so increas
ed they could tell the commission to
day just as certainly as the commig
silon 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 m?' mind, is look
ing backward and not forward, and it
is prett{) discouraging for the railroad
people, but my guess is that the rail
roads will get further rate advances.
“The {xovernment says that it is will
ing, in fact anxious, to pay such Prices
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. I 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."”
"
. P. Davison is really doing a won
frful work in connection with Red
‘ross matters. He is calling to his aid
the very ablest Industrial manarers of
the United States and the Red Cross
management is likely to stand out as
remarkably vigorous, intelligent and
honest. Other departments will suffer
by contrast, and I venture to predict
that man(( 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 golng
to Washington with a greater interest
and zest than he has had heretofore
in any work, whether it was Montana
Power, Inspiration or Anaconda. Davi
'son I 8 organizing 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
grudl(‘t that President Wilson will avail
imself of I);Lvlnoe"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
¥l\'es a book value of $171,03 a share
or Steel Common, §.39,056 for Beth
lehem, 858.57 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, 131.06 per cent;
Bethlehem, $9.33 per cent; Midvale,
92.97 per cent; Republie, 173.56 per cent;
Lackawanna, 154.05 per cent, and Cru
cible, 111 per cent,
- L -
Money rates again hardened in Chi
cago. Borrowers who got money last
week at 415 per cent changed their loans
yesterday to time and paid 5%.
The Government's requisition of Tib
erty Loan deposits has just taken out
of local circulation $100,000,000.
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
—SO per cent. The difference in the
percentage of the call is explained by
the large country bank accounts ecarried
by the national institutions. The call
was issued Tuesday and response to it
completed Thursday.
COTTON SEED OIL,
Cotton seed oil quotations.
| _Opening, | Closing.
BPOE & 0 vis o abarakiss ke L BEO
January . , , .|13.82@13.8313.73@13,74
February , . . ./13.80@13.95/13.70@13.85
SEN s Ly AT 13.76
August . . . .14.02%14.05;13.90@14,01
September , , .|/14.080914,05/13.95G14.01
Octobee . . . ,‘18,98’? 13.97,13.00@15.91
November . ~ ./13.70@13.77/13.68@13.73
December , . ./13.78@13.80 '.37l)_@‘_l}_l2
Closed steacy; sales 3,000 bags.
MONEY AND EXCHANGE,
NEW YORK, July 21.—-Sterling ex
change was steady, with business in
bankers’ bills at 475% for demand,
4,721 for sixty day bilia and 4.70% for
ninety day bills,
.
General Electric and Steel Com
. .
mon Record Big Gains—Mar
ket Closes Strong.
NEW YORK, July 21.—Opening fig
ures of the stock market today gener
ally showed advances, the gains rang
ing up to 1% in United States Steel,
Crucible, Marine preferred, American
Can, Industrial Alcohol, while smaller
gains took place In Union Pacifie, An
aconda, American Smelting, Westing
house, Reading and Bethlehem B
Prices moved up to the high points
in the last hour. General Electric rose
8 points to 156. Steel common advanc
ed 'f 123%, but shaded off to 123% in
the last few minutes, There were fur
ther recoveries in most of the active {s
sues that had shown weaknes sin the
”"]‘"fi' dealings.
ment. 3‘5“" clgud“;tronx;] Govern
nds unchan ; rallway and
other bonds steady. '
Stock quotations to close:
| Clos.|Prev
_STOCKS— ___[High Low| B Cron
Allls-Chalmers . .| 2084 29 129% 28%
o e . . ‘.083 | 8295
Amerfcan Zine ..| 26 25 26 26
| PRt vt L e
Am. Agricultural | 023! 93%| 93% | o¢
Amer. Beet Sugar, 92%| 91%| 92 | 91
go, pref. . . | ....| ....|] 9814 98%
American Can. . .| 49| 49 ‘| 4915/ 4714
4 doé preP!. L 7{ PP W,
m. Car Foun | T 6%% | T6%!| 781! 5%
Amer. Cotton Off l" Tg™
Am. Locomotive .| 72% | 7T114| 72%| 71
do, Erot. R R .‘..;A.."10n
Amer. Smelting. ./103% 102%1033 10214
0. e, . ot L T D
Am. Steel Fdy. .| 683%| 68 | 681! 661
Am. S‘,'lF‘“' Ref. .[l2B [122% 1122 1221
Amer. T. and T. .| ...:| ....1190% 121
Am. Suma. Tob. .| 49 |49 | 49 In%
American Woolen |64| 63 | 54 | 523
American Linseed | .... ‘25 2514
| N N e 61};2
Atl. G. and W. I, .[IOB% 10731108 14 1106
Amer. H. and L. . 12;; 12%| 12%4( 124
o pl. . ..| 08 563 56% 661,
ANAEIOEE S . d .00 d 0 B
do.fi)ref. b v oMI sasatadiadtic, 188
Amer. Malt Corp. .| 18%| 16%/| 16% | 161
do, pref. . . ' 693) 69 | 69%4| 69
Amer. Tobacco ./208 (208 (207 (205
A WAL P Jd .10 00 37
Anaconda ~ . | T T 6%) 768 761§
AANE G . o i cocel sics!l B b
O B « o o aiinlinn.l ...l O
Atchison . . . . .|100%[100% 1003|1003
do, {)ref. ok of Baiy ....IQSKJ 96
B 8 B . v il il 54000 D
Baldwin Locomo. .| 7Tl%] 70 | 7T1%/ 69%
B. and O. . . . .| 0%/ 70%| 70%/ 70%
e W ' Livl B
ehem Steel .
Bethleh Steel ,(132 (129 (182 [l2B
do, pref. . . .| ....| ....|116%]115
do, pref. B. . .[12014!1268;/129 “126%
B I T . i 59% | 697% | 58%
Butta Buperior . . ...il ... 37%‘ 37
Cal. Petroleum . .| 18%! 181! 181! 18
0. L . . l. a2l e
Canadian Pacific 163 /163 [163 [162%,
C o ... .08 9% 617£i 60
AN . . el T 103}?
Colo, F. and 1. .| 50 |49| 50 }n.
C., M. and St. P. . 70& Bla Gl%i 6.‘";2
' Chinoe Copper . .| 53 531! 53 b 2
Consolidated Gas ' ...‘]10! '108',";
Corn Products . .| 345 34%| 343 34%
. do,ipret. . . o) ... )il ] STHI BTN
Crucible Steel . .[ 83 | Bii4| 83 | 813
Roben Aol ik d[ Dt
üban Cane Sugar \
-~ .do. prefi-. “ ....‘9O 90
Cast Iron Plge - ,21 |2l &)3
Central Leather .| 873%/| 86 | 8754/ 851}
Chile Copper .. .] 20 20 |2O 19%
Columbla Gas. . .[ 40 |4O | 40 | 40
Cerro De Pasco . .| 343 3434| 343 34%
Del. and Hud. . .| ....| ....]109%6/11214
Distil. Securities .| 25%/ 243 | 24 12511.
B . . 0 s PRLE 25]24'&
do, Ist pref. ..| ....| ....] 87%| 37T%
do,ZdPref.... sneib seest B 8 LB
General Electric” .1156 1154|156 153
General Motors .[11555/114 [lls%'l]4‘7’,
Goodrich Rubber | 5114 51 |sl |5%
G. Northern, pfd. ./105 '104%'104"6‘105
Greene-Cananea ‘ l‘ el SON
G. Northern Ore .| 33%| 333/ 3314 33
Great Western . ' wene sons B 1 83
0. .. ol klea 4...‘;3-'!%" 331,
Gulf States Steel |l2o° 120 '|l2o |l7
do, Ist pref. .| ....| .... /110 | ....
a 0 M 00l . .1 .d a 0 lozees
Illinois Central . . I ..,,.‘IOE& 1103%
Insp. Copper . . .| 5%/ 543 | 55%| 54 -
Interbote . . . . , { 91, 9y
do, pret. . . ...l .io.] BEMRI BEN
Indus. Alcohol . .[159%|157 |15814 1681
Inter. Nickel. . .| 3935 38% 39!».l 383,
Inter. Paper . . .| 36 |36 | 26 |35
e O PO . . i eBB TS
1 80, PYEL. ~.| ceael oovo] OB%] 82%
B ‘ s 6:2
o R S Ney
Kepnecott . . . .| 4234] 4214/ 421'.’ 42%
Lackawanna Steel | 9315| 921 93 | 91%
Lehigh Valley . ;63 63 |63 |62
TOAISaE GBS .| o) ]9B |BB
Long Island . . i san gl sgont B 9 29
Lee\Tire. . « « « | covo| oooef o.ol] 22
L. abd N. . . . . .[1231%(1231(12315 123
‘Maxwell Motors. .| 35%| 34%%| 347% 35
| do. Ist pref.. .| ....| .... 63 |62
| do. 34 pref.. .| :ii.| i..i| 26 | 323
'Mo. Pacific (ncw)‘j 3214 | 3214 | 32% | 32
Mex. Petroleum .| 96%/| 95% 96%) HERA
do. pref.. . . o aasf sais 91 | oass
Marine, . . . . . .| 807 295 30%| 29%
g 0 pret.. . . [ 803 | A%y 83"fi i 86
Montana Power . 90 |£»o | 90 |-90%
0, preL.. . . ‘ sassl ssep|loß 1108
Midvale Steel . . .| B 9 | 5814 560%4| 68
Nat, Cond.. . . .[ 37%| 37%/| 387%| 36%
National Enamel .| 4214| 41%3] 42%] ...,
North American .| ....| ...} ....| 61%
N. Y. Central . .| 895 89 | 89%| 8934
N.Y., N H. &H| se] vevn) 86 | 86
National Lead . .| ‘.[...: 55 ) ‘B.))
N M W oo .5122 (122 122 (122
Northern Pacific ||lol%|lol |lOl |lOl%
N. Y., O. and W. ] e DRI
Nev. Con. Copper. l N 21%) 215
N. Y. Airbrake . .| .... ...,llZ}} 131
Ohio Citles Gas .| 55%| b 4%) 65% 65%
Miami COQPC!‘ . .| 40 | 40 | 40 | 397
Pitts.-W. Va. Coal| ....| ....| 32%/ 3214
do. ’&ref,. . ‘I coes] euesl 63 lg.&
Pacific Mall . | .| ....| ....[ 27 | 26%
Pennsylvania . .| 53%) 63% 53'%] b 3
People's Gas . . .| 77 |l7 | 'A"A"’J 6%
P, éteol Car . . .| 73%| 72%| 713%| 72
Pittsburg Coal . .| 6% 55614) 6%, f:{lfi
Ray Consolidated. 26% 26% 26%| 26%
Reddiog. . . . .+ o 9.’)%[ b ;3'5,:,‘ »f::fi
R. 1. and Steel . .| ....} ..,.‘lf):.l" 19:1,,
Rm-kalsl:\nd v ilesd ceeel .}.;:," 35%
do. nret..i; . ‘[' 12
Ry. Stesl Springs. ....| ....| bl | 61
Sears-Roebuck . .| ....1 ..., 168 167
Sloss-Sheffield . .| 5234 5..‘/,,‘ uy.; .:‘l'
Southern Pacific .| 9314| 9314] 931} 93%
Southern Railway.| 27% 27%| ;:4_“@.' 27%
do, pref.. . .| ....l ...0) B 8 | DD
Studebaker. . . | 55% | 53% b4Ye 1“ A
Superior Steel . .| ....] coii) .0 14
sm.px,. a 8 W .o ~.i;( 287 | 23%
Sinclair Ol . . . .| 43% 43%) 43"«;114,‘:
Bwitt Co. . o . . ol 00l el S 8
» Ado. pref.. . 'l corel ssis] S 8 aß'%
Tobacco Products.| 64 | 63% 63% 63%
Tenn. Copper . . .| 17%| 17% “,',‘o‘ 1:7&
Third Avenue . .| ....| ....| 20% (1.!
Texas 01l . . . .[192%4(191 [192}4191
Pacific « o o] coodf coial 20781 1D
tT'fx’s‘t'Z"d Fruit . . “,137*/.‘1:;51/,;121;%?135
Injon Bag ..o of socol 2000] 8 ‘oo
Unlon Pagifie. | |l3Bi¢/136" (136 i
do, pref.. o o o sieal aase) 1908 5444
U. 8. Ruhht;r oo o] B 114) 60%) Gl‘mmh
0. Profee o of soasl alod] Sda 30N
1. B of . . . 1238112214123 122
£\ %O.St;)r‘efu : .'ns??]inm 11814 /118
Utah Copper . . .|lO4 10874104 103
United Cig, Stores 118 [116% 117% 117
v.-C. Chemical . .| coenl consf 41‘ :!‘
v. 1., C. and Coke.| senel el Tx(\‘r{z 1.?‘2
/ siel seend vdis} ) %
i ! ‘ AR AR
yestern Unjon . .| ....0 ....| 9334 ¢
?’V?\?;Morlund ' 31% 1% I;‘:}‘/2 131 %
Wool hoo oooi o) asisd 001126 1125
Westinghouse . ‘ 497 49 ] 49% 4?:.
Wis. C:{nttral Vi § | * saicl ir:l;
White Motors .. . { ¢
Wilson Pack. Co.. 1 yasil 63;2 69
ONWAYTOSOUTH, SAYSJ.K.ORR
By JOSEPH K. ORR,
President J. K. Orr Bhoe Company.
Never before was a great country plunged into a gigantic
war with so LITTLE interruption to its commerce,
nl some lines there has been a slight waiting period, really
r—— little more than a slowing down, which is
bl ¢ usual at this season, and rather an indica
: ”‘“ { tion of SOUNDNESS.
£ A These periods are healthy, they serve
k“ e as a test of the market. Two of our buy-
Lo SROUNTNE ers are just back from Boston. They re
- port while many shoe factories are catch-
RN ing their breath after a most strenuous
' Wy year, leather prices remain firm and desir
.. able selections are not plentiful.
. ; With abundant harvests, and our cot
\or ton crop—large or small-—as a practical
( surplus, the SOUTH can look forward to
s 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 argument 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 perfod. It seems probable
that no matter how much improvement
may have taken ‘)lave in the last month
and particularly In the past two weeks,
the bureau figure at best will be still
far beiow the ten-year average. The
Russian situation is very discouraging,
disintegration is spreading, which, of
course, makes the task of America in
the bli war 21l the heavier. While giv-
Inf full measure to the European de
velopments on one slde 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 Noyvember.—McElroy.
- - .
New Orleans—The weather ma
shows fair in northeast Texas, norflg
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 monl‘y light,
but heavler in drou&ht gection of Texas;
drought broken in Texas.—Kofler,
- - -
Rainfall: Taylor, .08; San Antonio,
1.20; Cor&\)xs Christi, raining, .50; Gal
veston, .20; Palestine, .46; Shreveport,
.94; Little Rock, .01; Memrmn, raining,
.14; Vicksburg, 1.19; Mobile, .76; Me
ridian, .42, Montgomery, .70; Nashville,
raining, .18; Chattanooga, raining, :84;
Atlanta, .04; ‘Augusta, 1.53; Knoxville,
rainlnxg. .01; Savannah, 16; R.lel’h.
11.12; Del }}? Texas, .04; Houston, 2.14;
Jackson, ..40; Blmrnzhl.m. raining, .01,
Macon, .28; Anniston, uinln'. 1.66;
Brownsville, Texas, raining, 2.48.
‘ . - A
The Times-Plcayune says: ‘‘The maln
outstanding factor of the market dur
ing the gut few days has been the
broader ¢ arasrtler of the trading. This
is in strong cdntrast to the situation in
the Northern market, where a near
panic exists among July shorts, owing
to the difficulty in securing cotton with
which to liquidate their contracts. The
situation holds out no hope of early
relief, as the commandeering of so many
coastwise vessels and the congested
condition of rail traffic will make It
difficult to draw.eotton from the South
in any volume for some time to come.
The situation in uverg‘ool has reached
a virtual lm(rnse 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 tonnaze and the subma
rine warfare, New rleans can draw
cotton from the surrounding country at
wilt without difficulty."”
- - -
Thomson-McKinnon & Co. say: “Ap
parently the entire drought section of
Texas has been relieved by a mood 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 u‘pldly
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
1%6d at 39 13-16 d.
FINANCIAL BUREAU ON STOCK.,
NEW YORK, July 21.—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 acceleratedin the event of fa
vorable news for the reason that the
techinical condition ig materially improv
ed. “The market has discounted a
great deal, the short interust is large,
and the better class of securities are at
bargain rrlw 8, says a leading private
banking institution. Good buying is res
orted in (United States Steel, Republic
Yron and Steel, Marine preferred and
especially Bethlehem Steel “B."
FI'"!ANCIAL NCTES.
NBW YORK, July 21.—Senate to veto
¢n food administration bill today and
bipartisan agreement paves the way for
its passage.
L - .
Reichstag votes new war credit of §3,-
750,000,000,
g 8 e
United States removes embargo on
munitions to Mexico.
. - »
Dun's Review 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 further purchases at this level.”
- - .
Harris, Winthrop & Co.: “‘We look
for this rally to continue further.”
ELGIN BUTTER,
ELGIN, lILL., July 21.—Butter was
offered at 3¢ on the Elgin market to
(l:?'. There were no sales. Last weeks'
price was 37%c.
e sipeietberiati
Athens and Return, $1.50
on Sundays. SEABOARD.
i i
|
\
\
BYRD PRINTING CO
GRAIN NOTES. |
CHICAGO, July 21—The St. Louis
Republie prints a very bearish report on
the Qrn crop of Missouri, Kansas, Ok
lahoma and Illinols. It says the Mis
sour{ crop will be larger than the
bumper crop of 1902, when it was 320,-
000,000 bushels. Corn is not suffering in
Kansas elsewhere,
- . .
Price Current Grain Reporter says:
“Yields of winter wheat in many sec
tions is above earller 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
&l’lout week, 544,00; E’prevlnun week, 419, -
, amd last year, 580,000. Since March
1 the total is 10,202,000; last year, 11,-
377,000."
- - -
Advices from PoPrtland, Oreg., say
that unless rain falls throughout the
Pacific Northwest wheat belt within a
week milllons of dollars will be lost to
farmers and the crop will be )curcal{
one-half as large as predicted a mont
ago. Even now rain cam not prevent
an enormous loss. Grain dealers and
railroad officials in close touch with the
wheat situation today predicted that the
vield for Wuhln{!on. Oregon and laho
will not exceed 35,000,000 bushels, whers
it was expected 05.006.000 bushels would
be harvested. In the dry sections of
Washington it is early sown lprlns
‘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.—~Hog=—Receipts
6,000, Market, s@ls¢ up. Mixed and
butchers, 14.25@15.50; good and heavy,
14.95@15.60; ug heavy, $14.106@14.85;
Jight, uoof?z. s plgs, “1085@13.75;
bulk, 14.40@15.40.
Cattle—Receipts 1,000. Market steady.
Beeves, 8.75@14.06; cows and heifers,
6.00@13.40; stockers and. usg
9.7:6 Texans, 9.50@12; - 11.50
14.50. - AL
Sheep—Receipts 9,000 Mi t weak.
Native and Western, 7.75@1 fi;‘hmbn,
11.50@15.90, -
ST. LOUIS, July 21.—Cattle: Re
ceipts 600, including 70 southerns. Mar
ket steady. Native beef steers $7.50
@13.50: vearling steers and heifers
$8.50@13.25; cows $6.00@10.50; ltocken‘
and feeders $6.00@9.50: calves $6.00@
14.00; Texas steers $5.50@9.50: prime
southern beef steers $8.00@12.25: cows
and heifers $4.25@9.00; prime yearlings
and helfers $7.50@10.00, ‘
Hogs—Receinpts 25,000, Market 5 and
10¢ higher, Mixed $£14.90@15.50;" good
$15.45@15.55; rough $14.00@14.25; lights
$14.75@15.10; pigs $10.00@14.75; bulk
$15.00@15.50.
Sheep—Receints 700, Market steady,
Ewes $8.00@8.50: canners $4.00@4.50;
lambs $10.50@15.50; choppers $6.00@6.50.
i [ thl d”
Ty MAGNIFICENT THROUGH
|P s 4
e\ | STEEL TRAIN
ATLANTA 7:18 A. M. TO-DAY
CINCINNATI 9:00 P. M. TO-NIGHT
CHICAGO 7:45 A. M. TO-MORROW
THROUGH SLEERNG CARS ALSO TO LOUISVILLE AND INDIANAPOLIS '
THE SCENIC ROUTE
THROUGH THE CUMBERLAND MOUNTAINS AND MENTUCKY BLUE GRASS REGION
CITY TICKET OFFICH, LOUISVILLE & NASHVILLE R.R.
14 PEACHTREE STREET PHONES: BELL MAIN 169, ATLANTA 153 |
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 !
it(‘.
,&. , i - \
I.’/ Antoatt N ;
Vel
. .
Option Closes 9 3-4 Cts, Higher,
July Gains 5 Cents—Corn
and Oats Lower,
—
By JOSEPH F, PRITCHARD.
CngAGO. July 21.—September wheat
sold u? 7 cents from yesterday's price
to 32. b during the first half hour of
trading on the Chicago grain exchange
today. July wheat was stationary at
$2.69. Corn scored fractional sllll.
while July oats rose 2% cents to 8%.
September wheat was the stronger of
the futures, showing a gain of Dfio un
der a pressing demand and the July was
upnb cents rwllh the Ibn'yin; at times
quite urgent. Corn closed unchan,
to K@l%e lower, - ol
Oats were unchanged to &g?o lower,
while provisions were 5@32140 higher
for the list., The greatep strength was
shown in the pork trade, There were
no sales of cash grain.
Gramn quotations;
High, I C 1 Cl:x
B HOw, 08se.
WHEAT--
Ju1y..... 586 2.50 2.55 2.50
Sept..... 2.271% 2.18 227% 3218
CORN~—
8ept..... 1.63% 1.:8 1.63% 1.83%
s e LITH 1.16 1.18% 1.17
May..... 1.16% 1.14% 1.14% 115
OATS—
JUIY . e enn’ TBNE 761 7% 6%
5ept...... 869% 5815 687% 59
... W H9ig 601% 60
PORK-—
O 40.55 s3OB sns
s«-lptuu 40.20 40.00 40.10 39.77%
JARD-—
July.... 20.42% 20.35 20.40 sesns b 8
Sept.... 20.67% 20.57% 20.62%¢ 20.50
RIBS-~
July.... 21.62% 21.60 21.60 oo dh sum
Sept.... 21.80 21.60 21.72% 21.50
GRAIN MARKET OPINIONS.
Ware & Leland: ‘‘Any recession of
note is 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.: *“Ma
yesterday ar least showed evidence
less inclination to force the short side.
- - -
Lamson Bros.: “Conditions generally
favorable to the growing corn cro?.
Immediate shortage of cash oats upset
ting plans of bears.”
‘ THOMSON-McKINNON ON GRAIN.
CHICAGO, July 21.—Foreing weather
|NOW prevails over the entire corn belt,
' which Is highly desirable, except that
rains in the West and Southwest would
|be beneficial. New crop futures are
now 85 cents under price of spot, which
fact has chamged the sentiment to the
extent at least of restricting efforts for
lower prices. Smaller shorts covered
freely on yesterday's closing bulge.
Oats—Yesterday's sharp advance in
' oat values, both cash am{) futures, to a
I(reat extent eliminated the outstanding
short interest. One or two cars of new
oats have arrived in Southwestern mar.
kets and the appearance of a few cars
here would pr()%ably ease the stiuation
materially. The first indication of &
change wuas shown in Minnea,slis,
where cash values deciining to 3 certs
as compared with the futures. Thiy
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: "l am called upon each
day to deny many unfounded rumors af
fectiig sugzested modification, altera
tion or rescinding of maximum prices
now in effect. He said:
“Your board of directors will not in
any respect modify or descind existing
maximum: prices, nor will there be es
tablished additional maximum prices
without the entire grain trade first .rz
ceiving notice from me 24 hours in -
vance that the board of directors will be
called in sgession and ths purpose of the
‘mes-ting will be stated at the same
time."
\