Newspaper Page Text
lAflanta Bank Clearings Show Gain of $10,905,693.29 Over Same Week a Year Ago, Reflecting Active Busfnesé
T\- ’ L
LAT AR A
‘.“; .t.")\\ - ‘\.j R §
A ek
{
!'- pCNEFICIAL RAINS OVER BELT
Atlanta bank clearings Saturday .........$3,316,184.07
BB SRR W . . ... ua ke ni i 1L B2IAS) A 8
BRI« ivi by vin i sinoviaag vBN N 0 TAR SR
Atlanta spot cotton Saturday ..................24.70¢
Samda‘y.&styear bapilas Vi saibiaias i s o I
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 84,
“ds 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 4nd 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 regiop 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
stnci{n and difficulties spot firms are experiencing in shipping cot
ton Yo the Northern market, also encouraged liquidation. The de
cliné 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,
Produce Row was heavily supplied
with' Georgia cantaloupes Saturday,
with the result that prices broke 25 to
- b 0 certs a crate, selling at 75 cents
to $1.50, depending on quality,
. Although peaches were in heavy
upg}y, prices were quoted unchanged.
oth' cantaloupes and geaches arec
howing up in poor ccndition, either
00 green or too ripe. i
. However, the pink meat and honey
ew varietles are of extra qualty
ind bringing top prices. Dealers re
rt that several cars of California
nttloupeg are rolling. In the mean
hile they are working off stock al
ea,di' on track here. The California
3% tock is bringing $3 to $3.50 per crate
,and guality is good. .
There was a good demand for wa-
Eermclons Saturday. Receipts *were
eavy and prices ruled unchanged atl
from 10 to 20 cents on the bulk of
,zh,e stock, bitt sevegal hundred melons
.of extra large size brought higher
rgces, being sold to hotels, clubs and
estaurants,
Faes held steady at Friday's prices
—2B to 32 cents a dozen.
Following are wholesale quotations
for Saturday: d
POULTRY, BJ I TER, EGGS.
(Corrected by the Fidelity Fruit and
Produce Company.)
Butter—Fresh country, 30@35ec.
Eggs——Fresh countr;’h. candled, 28@32¢
Undrawn Poultry—7 awn, head ama
feet on, per pound:
Friers, 30@32¢ per pound.
Heéns, 23¢ pér pound.
Roosters, 11@12¢ per pound
Live Poultry:
Hens, 20c\per pound. i
Friers, 28&‘30c fer pound.
Roosters, 10¢ per nound. l
Puddle ducks, 40@50c.
Guineas, 25@30c each.
: VEGETABLES.
O —51,60 per crate.
Gfifi:\' C()RND'--Z(\@:!OC per dozen,
CUCUMBERS—SI.SO@3.OO per drum,
TC .{ATOES—Choiceg $1.75@2.00.
EGGPBfiNT-—SZ.OO@..EO.
BEANS—SI.OO@I.SO per hamfer.
LETTUCE—Head, $1.00@1.26 per
dozen, sz.oo@z.zseser tub,
CE%:ERY-V-M.OO 3.50 per crate.
BE PEPPERS—SI.SO, $1.75 and
$2.00 per }grate.
SQUASH—7Sc@SI per crate.
ONlOT'S——Texas, crate, yellow, $1.76@
2.00; white, $2.35.
T9ISH POPTATOES—New crop, $2.00
PZ.ZB per dsum; barrel stock, $6,00@
WOO per barrel,
- CABBAGE—NomInI!.£.SO per crate.
. ~ FRUITS,
GEORGIA WATERMELONS—IO@2Oc
each.
GEORGIA PEACHES—SI.SO@I.7S per
crate.
HUCKLEBERRIES—IOc quart.
CANTALOUPES-—Georgia, 75c@51.50;
California, $3.00@3.50 per crate.
BANANAS—2 qac a pound.
ORANGES—California, per box, $4.50
.00,
a?JMES;SI.;);\%Ig_? 53" 1005
SMONS—S7. .50 per box.
.Efi:«m(;m GREEN APPLES—SI.7S@
2.25 per box. 3
FLORIDA PINEAPPLES—S3.OO@3 5
per crate.
S il S
PRIMARY MOVEMENT.
Receipts— | Sat'day.|Last yr.
TUDORE ..ovovsesseieens| 600,000(1,433,000
Corn I 606,000 873,000
Oats __GE}'.QQ()L:G_QS,(X)O
_ Shipments— | |
Wheat 1 203,000/ 798,000
QUOTTL «snvssvnsssossins iy 909,000 545,000
OBLE: o osrirenvinnsesss i BBS,OOO| 536,000
CHICAGO C.;_fIOTS.
CHIGAGO, .h;la' 21.—Following are re-
Faipts tor Saturddy: .
CIOREE . U, oy A e Ye e 85
R R T e 113
HORRay ‘uiieocrslos Wi s geite o 0 6,000
NEW YORK COFFEE MARKET.
__9:-m~e quotations:
| Opening. | Closing. _
Janua aicr ol bisirises | USEREAE
]4‘ehru:¥y <% 3 —.‘ ‘ 8.12@8.14
March .« o « o] 838 8.17@8.18
p T R 8.22@8.23
Mays. « o & o of 8.38 8.27T@8.28
June:. L . % o o] ciiiee.. | 8.33@8.35
T o ¢ wod B idsliene o | TRODTSE
Augst . . ¢ | svagreeoss | 7.876D7.88
september . . .| 8.00 7.94@7.95
oG is | TR 1.98
Yoveseiver . . | §lO7 1| £9G 800
YJecember . . .| NO 8.02@8.03
GEORGIAN'S AND FINANCIAL NEWS)
- Financial Sunshine |
X — $
)’ ¢
¢ Business as a whole is being S‘
{ maintained at a very high |
levei. General business outside §
of war necessities is lagging
perceptibly, the general aver- 3
age being brought up by the |
{ release of Government con
| tracts for munitions and war
; supplies of all descrigtiona
! 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
S of Boston. ‘
AN AN iPN NI NININSNGNINTNI NS ‘
ggw YORK PRODUCE MARKET.
EW YORK, July 21.—-§>et_roleum
steady; crude Pennsylvz\ls. 3.19.
Turpentine firmer, 42 42‘%3.
Rosin steady; common $5.80.
Wool strong; domestic fleece XX
Ohio 65@76¢e, dgmeauc pulled scoured
basis 90@51.80, domestic Texas scoured
basis 90@51.60.
Hides firm; m%\ve steers 31%@33c;
branded steers 29@30c.
Coffee easier; options opened 8 to 10
points lower. Rio No. 7 on spot 9%c.
Rice dull; domestic 5% @B%c.
Molasses quiet; --New Orleans open
kettle 40@50c: black strap 23@ 28c.
Raw sugar easier; centrifugals 6.52@
6.58: molasses sugar 5.52@5.58¢.
Refined sugar steady; fine granulated
7.65?‘8.00(‘: cut loaf 9.15¢; crushed 8.90 c.
Mold A 58.16¢: cubes 8.40@8.75¢; pow
dered 7.80@8.20¢; diamond A 7.65¢; con
fectioners’ A T7.56@7.90c; softs No. 1
7.50@7.85¢.
Potatoes steady; Bfl‘mudas $3.50@
4.50; Southern sweets § .75?4.00.
Beans dull; marrow choice $15.75@
16.00: pea choice $15@15:25; red kidney
choice $13@13.25. 4
Dried fruits, tonnage conditions af
fects exports; apricots choice to fancy
22@25c; apples, evaporated, prime to
fancy 10% @l3¢c; prunes, 30s to 608, 11%
@l2%c; prunes, 60s to 100 s, 10%11%(!;
peaches, choice to fancy, 1034 12&?0;
seeded raisins, choice to fancy, 7%
@loc.
— ey
WEEKLY WEATHER FORECAST,
WASHINGTON, July 21.—Forecast for
the week ?eginmng Sunday, July 22:
South Atlantlc and Tast Gulf States—
The coming weéek will be one of mod
erately warm wgather. with frequent
local showers and thunderstorms.
West Gulf States—The comlnfi week
will be one of warm and ‘enera ly fair
weather except that local rains are
probable at the be%lnmnk of the week
along the coast and in the lower Mls-}
sigsippi valley. |
Ohio Valley and Tennessee—Warm
weather will prevail during the week
except that cooler weather is probable
toward {ts close. The weather will be
generally fair except for scattered lo
cal thundershowers,
WEAT’FER CONDITIONS,
WASHINGTON, July 21.—General
forecast until 7 p. m, Sunday:
Georila' Alfibo.ma and Mluhglppl—‘
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. S, EXPRESS DIVIDEND, |
Distribution of an additional J)ayment;
of $2 a share has been ordered by the
United States Express Company as an
other step in the prooeiu of liguidation
zq! itd assets. This brings total paoy-‘
‘ments to stodkholders to about $5,000,-
000, Fifty Fer cent of the assets have
‘now been Iquidated\' The payment of
's2 a share calls for $200,000.
BT. LOUIS CASH GRAIN.
ST. LOUIS, July 21.—Cash wheat No.
2 red 32.39?2.43; No, 3 red $2.3%@2.40;
No. 4 red $2.32; No. 2 hard $2.65.
Corn, No. 2 mixed $2.12; No. 3 mixed
$2.12@2.12%.
Oats, No. 3 white 83?;3%(*; No. 4
white 8014 @81c; No. 2 mixed 80c.
KANSAS CITY CASH GRAIN,
KANSAS CITY, July 21.—Cash wheat
No. 2 red $2.44@2.51; No. 3 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 $2.08@2.10; No 4 mixed $2.06
@2.08; No. 2 yellow $213@2.14; No. 3
vellow $2.11@2.13; No. 4 vellow $2.09
@2.11; No. 2 white $2.16@2.17; No. 3
;vllfl‘!e $2.15@2.16: No. 4 white $2.13@
Oats, No. 2 mixed 77@78¢: No., 8
mixed 76@77¢c: No, 4 mixed 76@76¢c; No.
2 white 81@82c; No. 3 white 80@8014c;
No. 4 white 77T@79¢.
CHICAGO CASH QUOTATIONS,
CHICAGO, July 21.—Corn: No: .2
mixed, 2.12@2.16: No. 2 white, 2,17@2.18;
N?S 2 yellow, 2.12@2.16%; No. 3 mixed,
2.15.
Oats: No. 3 white, 863 @82%; stand
ard, 864 @WB7%
Futures Close 37 to 50 Points
Lower—Heavy Selling.
July Weakest,
yw YORK, July 21.—A steady tone
w displayed at the opening of the
cotton market today, although price
changes were (rregular, September de
clining 10 points; October advanced §
points, December 4 points and May 2
polnt& while January was off 1 point,
and March down 1 point.
New Orleans and other southern in
terests were tood sellers, Liverpool
puxc?ned October and sold January,
fter the call there wera ‘declines of
1 to 11 points from the opening, but a
falr demand at the low levelaiaam the
list up to a net gain of 11 to 15-points.
Later the m{\ levels were trimmed.
Prices broke gharply in the last hour
under Eenaru nelllnf, led by offerlnfl of
July, the market se Ilnl down 50 points,
The close was unsettled and irregular
despite/New Orleans buving in the last
few minutes. Final prices were 37 to
60 points net lower.
NEW YORK COTTON FUTURES,
|
it Aial 8 ;8
| §f§; el |SB
StEl 1831 6 | I 8
Jy 126.00/26.00 26.00/26.00 25.90-26 26.40-50
AR L. i v initon. .00 SRB
Sp \(25.10(25.10125.10/25.10(24.73 25,90
Oc %24.96/25.05/24.53 24.54/24.53-67'24.9%0-92
BY foribliicliveinhs.c N 8
Dc 124.84/24.92/24.43 24.43(24.43-45/24.50-85
Jln [24.82/24.94 24.40(24.42'24.40-43 24.83
Mr [25.01(25.03/24.65/24.68 24.60 |24.99-01
My {25.12/25.18i25.1225.12/24.72 [25.10-12
Closed igregular.
NEW ORLEANS COTTON FUTURES.
e ————————————————————————
g 3 3 . ’
‘g ,S | s |=l| g ,:3
e lie I 31581 .6 |£B
Iy [alo el L Es-Tl2e 08
Ag 10l alai ol ] 24.00-10104, 38
B 8 Lol ki Gl RS-SRS
Oc |[23.85 2!.03‘,23.70!{3.77 23,75-77/24.00-03
40 Oe e ;g B T5-T7/84.01-08
De 23.77124.03/23.75.23.76 23.15-76/24.03- 06
Jn (24,01 24,10'523.8023.8123.834&24.12-14
Fb 1...a1i it i, oo 28.88-80184.17-19
Mr 124.15/24.16/23.90(2..91(25.90-93 24.21 224
!i_y Lossonbs oneloe. e, ]28.04-0824.28-29
Closed barely steady.
SPOT COTTON.
Atianta Commercial Exchange quotes
good mlddllnl quiet :( 24,70,
Liverpool, firm; mij dlln% 194,
New Orleans, steady; mi d""hfi”"'
New York, steady; middling 26.40.
Charleston; middling, 28c.
Wilmington; mlddllns. 25%2.
avannah, firm; middling 26.38.
oston, tfixiet; mlddl!nr 26.60.
iladelphia, ?ulet; mdlg{n 37.15.
Little Rock, steady; mid in} 26c.
Augusta, steady; middling 25.83.
\ Norfolk, steady; mlddllnfl 25.;1.
alveston, :teaéy; middling 256%.
obile, steady; middling 25c.
ouston, steady; mldgllnx 251%.
Bt, Louis, steady: middling 25%.
Dallas, steady; mlddllnf 25c.
fionmomary. steady; m ddling 26¢.
emphis, steady; middling 25%.
es — e e S
PORT RECEIPTS.
The following tabple shows receipts at
th ;;ort! today compared with the same
da; ast year:
New Orleans . , . 832 | 9
Galveston. . . . . 510 47
BRI S & oo Rahh s 5
SAVERBAR . . | . . 2,523 249
Charleston , . . . & Loiviivinas
Wiaaaton - ;) ilioonsd 47
AR, . . % i 882 161
SRR s 5 x e b 270 98
Philadelphia . . . . 42 54
Pacile Coatt . . k.ot 0o 11,884
WRFIOUR: -4 -2 hesslsvifes 267
BUSRT. ..b sl 5,238 | 14,513
INTERIOR MOVEMENT. |
1 3T, -3 1916. L
OUSEON .- 5 o » + 4 68 507
SUBDNA. . . . 4 » 174 18
MMEWIPNIS: o & o 4 629 368
St. Leuls. . . « 4 . 956 1,217
Oihclimdt!. . . . 208 438
Little Rock . . . . W Liaheß
TOURE: .. a 4 o 1,804 2,548
_ATLANTA COTTON STATEMENT, _
_Satueday. . . . . [Bales
Receipts ..l 182
BRIUBIOTRE oo it assoivniitosins izl BialS
BROORS & iFviico «oise s mPTAULops s T IRT HOB
ATLANTA COTTON SEED PRODUCTS
Crude ofl, basis prime, nominal,
Cotton seed oil, caked sacked, loose,
8. 8. Savannah—July, $42.00; August,
$43.50@45,00; September, $14.00@46.00;
October, $45.00%47.00.
Cottonseed meal—July, $43.00@44.25;
August, $43.50@44.25; September, $44.00
@46.00; October, $45.00%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,
fi(',o%nn seed ttaull:isssaflcfilfic;l?éluz, Sti&oo
20.00; Augus g .50, Septem-
B 2 4001 20.00: "Octiber, slß.oo@ 19,50,
Linters, first cut,. high grade—July,
10@13; August, 10@13.
Linters, clean, mill run—July, 6% @
T%; August, 6%@7%. °
CHRONICLE'S COTTON STATEMENT
917, 18186, 1618,
In g'g't wk. 4!.;8! ,065 81,214
In s'g't, aat;u.gl. 6812, ,26”1!.3‘%,21:
Vis. all k'ds| 2,083,025 3.4 5,284 4,635,04
Vis. sup.Am)| I.m.m! 2810804 3215044
Dec. vis. alll 59,737, 189,004| 272.50
De. vis, Am/ 81737 88,004' 185,50
Spin's takn.} 134,896 152,’50[ 246,71
Taks. Am’r|12,967,077/18,420,445/13,833,360
NEW YORK BANK STATEMENT.
NEW YORK, July 21.—~The weekly
statement of the New Fork Associated
Banks ghows the following changes:
Average %tnemont.
Loans, decrease, $61,130,000, -
oo(r))emand deposits, decrease, $116,742,-
Time deposits, Increase, $5,261,000.
Reserve, decrease, $41,137,760.
Actual Snteme%.o
Loans, decrease, $124,997,000,
Demand deposits, decrease, $87,717,000,
~ Time depostis, increase, $6,360,000.
Reserve, increase, $107,500,770.
NEW YORK CURB MARKET,
The curb market opened firm and
closed strong.
STOCKSB~— Opening. Closing.
Atlantic Steel 120 138 130 160
Chevrolet ..... 93 94 96
Brit.-Am. Tob.. 18 ‘ll& 18 1814
United Mines.. 26% @ 26 28 @ 265
Alaska ........ 80 28 30 @ 38
Hecla Mines .... 8% @ 9 S%U@ 9
Oklahoma ...... B%@ 9% 8@ 9%
Lake Boat ...... 6@ 17 6@ 17
Marcont ......... 2% @ 2% ;%f‘ 2
Nipissing ~..e.. 7',25“ 814 % 8
Submarine Boat 31% fi 31';2 %@ 3N
Bt. Ofl, N. Y... 284 @287 284 287
Bt. Ofl, N. J... 576 @6BO 576 @586
St. Ofl, Ca1...258 @261 268 261
Bt. Ofl, 1nd....760 @760 0 @760
Prairie .........510 g 520 510 520
Ohio Ol .......375 ;380 376 380
Indiana Pipe .. 84 a 97 94 97
Houston 0fi1.... }!23 gg% }23 i‘.::,
Cosden Oil .... 235 25
Anglo-Am. Oli. Be% 8 1300 14
Union Tgnk ... 98 @IOO 98 @IOO
Savoy l’)fi anin 5 W S @ 10
Victoria Ol .... %@ 16 %@ 10
Inter, Péte.... 13 @ 13% A 3 @ 13Y%
.
Prosperity Bulletin No. 5
A continuation of the great
prosperity that had 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 who
wants work,
AP APPSR PIR
—— e e
' Py
Neutralized Peace Reports Afford
Little Sentiment in Market
in Friday's Sesion,
By BOERSIANER.
CHICAGO, July 21.—Obviously the
new German chancellor is a Ph nograph
for the Camarn&: more falthful even
in reproducing e vol(‘bo of the mili
tary masters thn? was Bethmann-Holl
weg, n}‘ i 8 now clear the change in the
chancellorship is l?r the worse; evident
thaty if éhe question of peace is left
to t)‘e erlin chnncell;\ry it must be
forced by the sword of the Allies.
But the &et-off is the reichstag. The
resolution for peace without annexa
tion ami\ indemnities, carried 214 to
116, implles that the military cabal will
not henceforth have everything thelr‘
own way. An entering wedge of a
home-make has been made in German
militarism. By that m\rch, peace has
been rendered more or less possible. ‘
Between the %a!inm !zo«h of Michae
lis and the reichstag's peacé resolution, |
the market had to seek effectives else
where. The street did net ct neu
tralized information from enemgs
camp, and for a time about for
directive hints. Professionals furnish
ed them,
. .
Failing to force a break bg attacks
on certain industrials, notably Ohlo
Cities (Gas, a reverse course was taken,
the more so as it was found that the
daily taxes scares from “’ashm(ton‘
were becoming stale to the market
palate.
Covering, while only limited (com
pared to the hufe bear account out
standing) and leisurely, had a 4 quick
and sensitive effect. Prices moved for
ward quickly and sensitively. Steel ad
vanced more than 2 points. The ghares
of the Texas Company jumped 6 points
on a small bearish inquiry.
2.9 B
Not all eommission house partners
find the Washington air inimical to
stock exchanfl? p;mocu. A sane ex
ce?tlon is John P. Harris, of Harris, |
w nth{op 2 O |
“I hAve been in Washington,” he says.
“One of thz Interltat con“nercfi corg
missioners told me tfiat the rallroads
‘had nothing to fear; that the commis
sion recognized that business in this
country c?uld not be in a healthy con
dition unless the railroads, the great
avenues of transportation, are in a
healthy eondition, and the moment that
it as established that {a(u were too
}low and.Qd;he health of the railreads
Jeopardized, that moment the interstate
commereé commission would grant in
’crmel. 2 §
“Of course, the answer to that is
that the railroads have notified the in
terstate commerce commission that costs
of conductlnf 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 ur{: 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 prett{ discouraging for the railroad
people, but my guess is that the rail
roads will get further rate advances.,
“The Fovernment says that it is will
ing, in fact anxious, to pay such Frk'en
for steel, copper and other material nec
essary in the progsecution 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 thosé who remain at home
fatten on enormous profits. I think a
pretty falr profit will remain to the in
dustrial companies, and that a 4 reduc
tion of profits and huge war taxes are
already discounted in current quota
tions."”
s & 9
H. P. Davison is really doing a won
derful work in_connection with Red
Cross matters. He is calling to his aid
the ver;y ablest industrial managers of
the United States and the Red Cross
manafi(ement is likely to stand out as
remparkably vigorous, intelligent and
honest. Other departments will suffer
by contrast, and 1 venture to predict
‘that manJ' of the men whom Davison
‘has called to the Red Cross in Wash
‘lngton will sooner or later be going to
‘ot er 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 Waahin%on with a greater Interest
and zest than he has had heretofore
in any work, whether it was Montana
Power, Inspiration o{ Anaconda, Davi
son is 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
gredlct that President Wilson will avail
imself of Davison’'s services in a
‘broader fleld than the Red Cross, even
‘thou‘h that i{s highly iftportant,”
. - -
A comparative analysis of the steel
stocks made by a commission house
fives a book value of $171.03 a share
for Steel Common, 3139.05 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; Midvale,
192.97 per cent; Re&gbuc, 173.56 per cent;
Lackawanna, 154,056 per cent, and Cru
cible, 111 per cent,
; N -
~ Money rates again hardened in Chi
icago. Borrowers who got money last
week at 414 per cent cha nfed their loans
yestarday to time and pald 5.
- The Government's requisition of Lib
‘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
‘momher banks—that 18, mostly national
—SO per cent. The difference in the
percentage of the call is explained by
‘the large country bank accounts carried
by the national institutions, The call
was lssued Tuesday and response to it
eompleted ‘Thursday.
| COTTON SEED OIL,
~_Cotton_seed oil quotations: i
| Opening, | Closing.
DRt (v v e s L s e T
January . ~ ./[12.82@13.88 13.73@13.74
February , . . ./13.80@13.95/13.70@13.85
‘July Fiir v ik |13.75
August . . .114.027:,14.05‘13.90@14.01
September , , . /14.08@14.05/13.09@14.01
October . . .]13.96;13.97{13.90 15.91
November . . ./13.70@13.7713.68@183.73
December ._._./13.18613.8013.10913.73
T Closed steacy; sales 3,900 bags.
MONEY AND EXCHANGE.,
NEW YORK, July 21.-—SBterling ex
change was steady, with business fmr
bankers' bills at 4.75% " for demand,
4.72% for sixty day bills and 4.70% for
ninety day bills.
General Ele
\ ctric and Steel Com
©mon necor i
k cd Big Gains—Mar
-8 ;
t Closes Strong.
NEW YO #
RK, Jul e
:“. of the stock x:ar;:t TS Binss.
lly showed advances, th L A
18k Up oI In United 01l i
Crutibié, Matthe bref" States Steel,
Can, Indust erred, American
A rlal Alcohol
#hina téok Piass in 11 , while smaller
Rg‘..“' 2 . n.llotn Pacifie, An-
Alo Wil e
fotid e ghipast il
(A WG, S dompen sdvihy
(ha, e mimthh, "rbece et b
§4sh Thet Bg Ghann BSN
at thew of the ucuve‘f
“&lfi dnlu&fl. n weaknes sin the
ment D"O‘l‘lan u:c‘m itrong: Gov
othet Bonds seals hevai rallway = and
Stoek quotati - j
OHI’ to close:
STOCKS |, |Clon[Prey
_BTOCKS-~ \ .| Pr
Allll-qhalmefi—’%?’l’m!"Bl}i"cre‘:
A u . B
. Zine ..| 88} 25 s |8
yo oké-';ef‘l' st » !25 ‘;5
Amer, e tural ‘| 938 833 | ‘s""’ n
Amg, oWi )i)§l T
merican Can. , 49! [ 9315|0314
| . . ol paeil aaes Sl .
Alers Cotion 01l | looa 5% 144 i
Am, Locomotive .| ;'.’.'.i ~[ B
A || TN ) Tay) T
y pref. o 1 Ll (100
aO, Pt RN 163 K 10214
| . Stee | ahai! as "’ 3 |
AR a 6
Amer, T. ;n('lh{" (128 (12254 11224 1:‘.3:5
Am. Suma. Tob. . 4‘ c.. |120% 121 "
fimcrlcun Woolen 59 |42 |4O | 474
merican l.|naeeg ’ 53 |54 | B2n,
Audg' pr-ar. e conaf vued] ‘2;; izg|:
% Brefay i ‘liiil asa 6
Abier 1 %nd 1 -,1‘133%110?;‘}103%!,0;‘4
i do, pref. . : ssn e 1%l 13k
merfean fee | | be% | 56% baLl
do, préf, 1 | lobi G
Amer, Malt Corp. .| 16¥! 183 ]s‘ |
4 do, pref. . . '.60% 1% “a 1614
;Amcr. _Tobacco 'oos;‘ggg 89%/ 89
AR PR g
Ankeands ") H| #6id Tom| Teu
Alloy Steel . . of sirbeid 8 | 8
Atchison . .. . _llOO%/100% i) AER
| do, pref. . . i NOO% 11004 1100%
LR oo 45 98
lg and O. .co.mo_ ! 3& » '}l%m{;
o Bu ety i TO%) 10%) 10%| 7“‘!2
Bethichom Btesl (183" (129" I 08
) 40, pret < | 29" it 128
, pref.
oB B g
guue Superior . . 9%, b 9% “22
al. Petroleum . .| 18§ ol SL B ‘
c 1‘(" e. .. K| 18% 18’2 18
Cnn an Pacific (163 i his ‘“
LI, Sl e ‘“3 182%
o . . 61% 603! 617% 60
Colo. F. ana T .| 88 103 1983
o AT R a 3 “'X
(thno Copper . . un 22 8% |6%
(J"flo!lda.hfie. Gas 53| .2 g 8
“orn_Products siicl 3l 1 10814
o |
& Bt o sz thßenit 97
e R
e "::i" Sugar| ii% 1%/ §§‘ 8
Drel b el s 0
Central l{“ B :.} ll in 20%
Ghile Coppef .. -AR R R
golumbl Gas. ..| 40 Ipe il
Cetro De Pasco ..| 84% 30 el e
Del, and Hud ©| . %) S 24y
800 e i) "gllg‘*
do, Ist pra'f. S \ " ¥
% do, 2d rref. Tl oo ceo| ST 874
éeneml Electrioc * 1188 1184 | 28 | 28
eneral Motors '|lls%"fl {IBB (168 |
Soosres Metoth- lIN, Hi3didleN
G. Northern, pfd. .|lO5 J 51 | 5L | 6%
gregne;fiananet' | 04%‘10415;105 |
o il batal i
Great \\’:;{‘er?\re " 33%1 33% 2314 ;g‘é
Gul?oétprfi' by o] <”;1 ;1! |
&istod 8 ~.,‘.3,' 41 831,
e mtsprteerel Mo 120 1120 1137 ©
Sore Jos. ¢ l el i
}lr}lsnolsCCnmral s et 'L‘)?, L&
e Copper - | | 65k 305 G 54
ot Bk - el g
o pret o . el e 2| 56
Inter. Nk‘,kog v .lgg%!]“ [158\4’1582’3
Inter. Paper . . . 3'6% iR 5
K. gb Southern . .| .... " 3? | &%
g do. pref. .. . ... o) 83l e
0 st 6| 6%
Kennecott . . - | 43} 453 il B
k. seait’| 9 4! 4214) 429
R Ty | 25}%' o) 3| 1]
Laclede Gas . . . " i 5
Lo Tt ¢ : ’ il 0988 18
Iljee'lliire. §% 4 i e ; » ;'w
N s ooligaialaasa] pass 22
R A e i 11231411233, /1231% 123
do. Ist (;s'gr'q' |35 343 4% 38
oB 3d prer.” | | 5(3
Mo. Pacifi¢ (ne { asifl asif!
Mex. I’etrole’:x";;;VLi g(zi;/‘l R;b e 32%
do. pref.. -[~B% IO |6% 4%
Mnr:!ne. e ! 307! 295 :(l) [ asic
bt .. 0 38
oo pret " C 1| 0% a 6 sB6
do. pref.. .. .| } 1182 |B%
Midvaie Steel .. .| b9i| é'i"]os et
Nat. Cond.. . 2o a 1 e D! Sem
o ; j{ & |B7 4! 363
it | OE% H 4) g
. b Gent ol daul besul Bissl ¥59
Ny S Hbßo | 204 311 k
gut;or&ul“um H ) vens] gg s:gg
Northern Pacific }3?% 161 (it (122
ogietn Mgy - 101|101 |lOl%
S oonl Coppér' irh s IR B
BY. AR, e e 31%
Ohlo Citles Gas .| Bbi 's""m 15
Miami Copper . .| 40 | A% 1% 3%
Pitta.-W. Va. c'ou'li o| Bl 32t
do. pret. l xev) B :2%
Pacific Mall .%Ilet il \zg
R il akes
it i 4 B,
P, Steel Car . . .| 3 | 13w Ta%| 12
Pittaburg Coal . o Bkz; tai égz 3
Rip, Sohiacia) Y 268 ) o
R. I. and Steel ..| ....| hAR
Rock Island . . .| ... ---{lO4 1084
oy, o pret.. . sok ’4 T 3%
vy' teels ’ . e “een 1 s ean
bfiars-Roebu‘i-rkm.“:" fed ‘ fik .51
Sloss-Sheffield . .| B3i| éz'i""s-'l 15
gg\&m:rn I}’luclflc i gsz' 9353{ gil‘ §§
m T 3% | 758 |
i, vy 58 21 2
gtudebaker, . . .| 86%| Baig! e B 8
Superior Steel . : Y%\b %"
8t T and 8. W o Gh etk a 8
Sinelair Of ! vl Dol ¥
R %) 43%) ALEe T
QWIRE BB ite s ‘ ceee ... 1168
- bdo. pref.. .:‘ @l | 1%:;; ig:‘g
obacco Products. 64 | 631 ' 8
Tenn, Copper lfc...‘ ?”% ;;}:? é}:.’ .
Third Avenue { B hé* 17"2
Fhird Avende - -l,iiiiéi gl
'll;e);nenhl'nvmc sl s 11%:? "I’l
nit e ‘lyamisleacis llag | 16
{alo geruit {18734 ‘3“""1123”3“3“
Jnion Pe D'l 26 3564
Uhgs Tae © ikt il
A
}3:‘!}:1“‘0(;!79” s a 1 308 »103’2“1(‘)’4‘*‘{2»%
it (‘h,(yig;lpqunx‘»emla nw‘n‘fl/.‘m
V. L. C.and Coke.| ...l ... 8614 6
“al:’ush gh N R’t fl?’%éy ?;fll?
e [ 1116
w 5 814 X i) g
L 30 ofelinpeel gevsl 29781 8 4
RAEhIRI |] s 0%
bt o¢ o] cass]isaeslad 26
\\'i:. I';§§?ru:le il ol 497%) 49 | 40%) 48"&
White Motors cete el T W o
Vilson Pack. C 0..! .F).| '.‘:__:»_6B‘/«/:" ;:;l/z
‘BIGGEST BUSINESS IN HISTORY
ONWAYTOSOUTH,SAYSJ.K.ORR
. By JOSEPH K, ORR,
Presiden{ 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 waitihg period, really
poompmesasseneg little more than a slowing down, which is
s 2 nsual at this season, and rather an indica
¢pr § tion of SOUNDNESS,
§ e WY These periods are healthy, they serve
fA st | as a test of the market. Two of our buy
ia, , *’ ‘ ers are just back from Boston. They re
. it port while many shoe factories are catch-
SR SR ing their breath after a most strenuous
5 : vedr, leather prices remain firm and desir
o : :
_ ? able selections are not plentiful.
L P With abundant harvests, and our cot
e ton crop—large or small—as a practical
: surplus, the SOUTH®ean look forward to
oo the BIGGEST business we have EVER
known fm 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 period. It seems probable
that no matter how much improvement
may have taken pll‘a/e in the last month
and particularly infthe past two weeks,
the bureau figure at best will be still
far below the ten-year average. he
Russlan situation is very discouraging,
digintegration is spreading, which, of
course, makes the task of America in
the blfi war all the heavier. While giv
!”f full measure to the European de
velopmente on one side and_ the crop
}mprovement on the other hand, the
act must be borne In mind that mills
need cotton and are (nklnf it up on
every decline, and there will be no new
supply available as far &s the mills in
New England are concerned untjl next
October and November,—MeElroy.
- - -
New Orleans-The weather mlg
shows fair in northeast Texas, nort
Texas, Oklahoma; cloudy rest of ‘he
belt; general rains over southern hll{
of Texas; San Antonio, 1.30; genera
raing over eastern half belt; ralnlnr in
Tennessee; raiJ\fu.lr-*nn mnsllly light,
but heavier in drought gection of Texas;
drought broken 1n Texas.—Kofler,
. - .
Rainfall: Taylor, 08; SBan Antonio,
Llo;vCor'su Christi, raining, .50; Gal
v?ton..- . Palestine, .46; Shreveport,
64: Littie Roc¢k, .01; Memphis, raining,
.14; Vicksburg, 1.18; Mob‘rle .76; Me
ridian, .42; Mogmom‘ery. .10{ Nashville.
raining, .16; Chattanooga, raining, .84;
Atlanta, O 4: Augueta, 1.53; Knoxville,
}rainhg. 401; ‘Savannah, .10; Bllel’h.
1.12; Det Rio, Texas, .04; Houston, 2.14;
Jackson, .40; Birmingham, raining, .01;
Macon, .28; Anniston, raln(n’, 1.66;
Brownsville, Texas, raining, 2.48.
= - -
The Times-Picayune says: ‘“‘The main
outstanding factor of the market dur
ing the Eflst few fhys has been the
broader character of the trading. This
i 3 in strong contrast to the situation in
the Northern market, where a near
panic eémts among July shorts, owing
to the Mfficulty 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 ln}i the congested
condition of rail traffic will make ltl
difficult to draw cotton from the South
in any volume for some time to come.
The situation in Liverg‘ool has reachel
a virtual imdpaase with the Ar&ericun}
stock (here down to a level wi that
at New Orleans, with this difference:
That while Liverpool has poor prospects
for replenishing the supply, owing to
the searcity of tonnage anfi the subma
rine warfare, New Orleahs can draw
cotton from the surrounding country at
will without difficulty.”
- L .
Thomson-McKinnon & Co. say: ‘“Ap
parently the entire drought section of
Texas has been relleved by a fl:)od rain
fall. Crop reports from Oklahoma are
very faverable, Professional sentiment
favors so~Hin'g on the bulges.”
- . .
Columbus, Miss., wires: “With but
few weevils and plants fruiting rapidly
cotton in this county i{s 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. 2
LONDON, July 21.-—Bar silver is off
I%d at 89 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
refiulnr recovery is suggested. It may
well be accelerated in the event of fa
vorable news for the reason that the
technical condition i{s materially improv
ed. “The market has discounted a
great deal, the short intercst is large,
and the better class of l?curltlel are at
bargain P”c"'” says a leading private
banking institution. Good bu(h}f is re
?orted in United States Steel, ?übuc
ron and Steel, Marine preferred and
especially, Bethlenem Steel “B."”
FI'!ANCIAL NOTES.
NEW YORK, July 21.—Senate to vote
¢n food administration bill today and
bipartisan agreement paves the way for
its passage.
- . -
Reichstag votes new war credit of §3,-
750,000,000,
. - - \
United States removes embargo on
munitions to Mexico.
g o #
Dun's Review says halting tendencies
appear both in new business and in
prices and result mainly from contin
ued bouts about prospective economic
changes arising from war conditions.
STOCK MARKET OPINIONS.
wWare & Leland Co.: ‘‘As the rally
could go higher we would be inclined to
make further purc‘h:.ae: at this level.”
.
Harris, Winthrop & Co.: ‘‘We look
for this rally to continue further."
f ELGIN BUTTER,
RLGIN, ITLL., July 21.—Butter was
offered at %8¢ on the Elgin market to-
Aay., There were no sales, Last weeks'
price was 37%c.
Athens and Return, $1.50
on Sundays. SEABOARD.
————————————
GRAIN NOTES.
CHICAGO, July 21,-~The St. Louls
Republic prints a very bearish report on
the corn crop of Missouri, Kansas, Ok
lahoma and Illinols. It says the Mis
souri crop will be larger than the
bumper cron of 1902, when it was|32o,-
000,000 bushels. Corn is not suflermg in
Kansas or eisewhere.
i Ll .
Price Current Grain Reporter says:
“Yields of winter wheat in many sec
tions is above earlier expec(auons.l
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
&:)St week, 544,00, previous week, 419,-
, amd last year, 580,000, Since March |
1 fi‘l’&’total is 10,202,000; last year, 11,-
377,000." |
. - ?
Advices from PoPrtland, Oreg., say
that unless rain falls throughout the
Pacific }fonhweu wheat belt within a
;veek mi ll:(l;suc‘mf Holl;rl ‘v{llll be_lzit %o
ll’n‘fil’! a @ crop w. scarce
one-half as large as predlct:f a monJ;
ago. Even now rajn can 30( prevent
an_ enormous loss. grnln ealers and
railropd officials in close touch wm} tai
wheat situation today predicted taat the
vield for wuhlgftofi. Oregon and Taho
will not exceed .o;:&ooo bushels, whers
it was expeeted 65,000,000 bushels would
%‘e lrrve'lted. In flls dry sections o
Washington it is early sown sprin
wheat that is damaged the most, a
in the dry sections of regon the late
spring wheat is suffering the heavier,
LIVE STOCK MARKET,
CHICAGO, July 21.—Hogs—~Receipts
€,OOO, Market, f?l&c up,. Mixed and
butchers, 14.35@16.50; i‘fl eavy,
14.65@15.60; "’“s’,‘ heavy, $14.10@14.85;
light, 14‘00?12. ; plgs, 10.85@13.75;
bulk, 14,4%0 5.40.
Cattle—Raceipts 1,000. Mnrk‘!ot steady.
Beeves 8.75?14,054 cows and heifers,
6000 15.40; stockers and feeders, 6.75
9.726 Texans, 9.50@12,00; calves, 11.50
14.50.
Sheep—Receipts 9,000, arket wealk.
Native and Western, 7.758111.00; lambs,
11.50@165.90.
BT. LOUIS, _Jyly 21.—Cattle: Re
ceipts 600, including 70 southerns. Mar
ket steady. Native beef steers ’750
@13.50: vearling steers and heifers
$8.50@13.25; cows $6.00@10,50; 5"’%3
and feeders ;6.00@9.50: dalves $6.
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
anlc} heifers $7.50@10.00,
ogs—Receints 25000, P#rket 5 and
mg higher, Mixed $1490@15.50; good
$15.456@15.55; rough $14.00614.25; lights
$14.75@15.10; pigs $10.00@14.75; bulk
$15.00@15.50.
Sheen—Receipts 700. Market steadv.
Ewes $8.00@8.50: canners r.oom.so:
lambs $10.50@15.50; choppers $6.00@6.50.
;Z[ th] (f
& ) MAGNIFICENT THROUGH
X ‘ s
) PEEd 6 STEEL TRAIN
ATLANTA 7118 A. M. TO-DAY
CINCINNATI 9:00 P. M. TO-NIGHT
CHICAGO 7148 A. M. TO-MORROW
THROUGH SLEERING CARS ALSO TO LOUISVILLE AND INDIANAPOLIS '
TH! SCENIC ROUTE
THROUGH THE OUMBERLAND MOUNTAINS AND HENTUCKY BLUE ORASS REGION
CITY TICKET OFFICE, LOUISVILLE & NASHVILLE R.R.
4 PEACHTREE STREET Pnénu: BeELL MAIN 169, ATLANTA 133
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 Georgiat
and Sunday Amet
can |
NOW!
i
18 N iR
{ ~.‘\,\\\..\\ &
§!-") @“.-':{.‘-_:'s\\";
8 fi ?\\\RL N
SINEEA O, v S N
. ‘
Option Closes 9 3-4 Cts. Higher.
'
July Gains 5 Cents—Corn
and Oats Lower,
By JOSEPH F. PRITCHARD.
CI!I&AUO, July 21.—September wheat
sold up 7 cents from _\q-nter(]ny'{prlm
toufz.zs auring the first half héur of
trading on the Chicago grain exchan,
today. July wheat was stationary fi
$2.5), Corn scored fractional ins,
while Jnlg oats rose 214 cents to fi%.
Se?tem er wheat was the stronger of
the futures, showing a gain of %%c¢ un
der a préssing demand and the July was
|lp"s ?fi‘ma twlthN the baying at times
quite gent. Corn closed unchan
to K@l%e lower, e
Oats were unchanged to % @ %e lower,
while provisions were 5@32%c higher
for the list. The greater strength WAS
shown in the pork trade. The%a were
no sales of cash grain.
Grain quotations:
‘ High Low. Close Ciedl
B w. ose.
! WHEAT
JULY voo 388 2.50 2.55 2.50
Sept..... 2.27% 2.18 2.21% 313
| CORN—
Sept..... 1.63% 1.63 16314 1.63%
[, voov &IT DD 1.16 1.1615 1.17
May..... 1.16% 1.14% 1.14% 115
. T
July.... o ~18% 7614 % %
5ept...... 89% 5814 587 50*
D 8 .0 B 3 5915 601 60
PORK-—
JULY.iss viw. ‘ 40.55 gorsanig
Sept.... 40.20 40.00 40.10 $9.77%
| LARD-—
| July.... 20.42% 20.35 20.40 §sessend
Sept.... 20.67% 20.57% 20.621% 20.50
l RIBS—
July.... 21.62% 21.60 21.60 gosssed
| Sept.... 21.80 21.60 21.72% 2150
GRAIN MARKET OPINIONS.
Ware & Leland: “Any recession of
note is unlikely in corn, while the casn
situation exhibits such strength.”
- - -
l Logan & Bryan: ‘‘Corn sales made on
| sharp bulges should be repla®ed on mod
erate reactions,”
* . -
Bartlett, Frazier & Co.: ‘Mark
yesterday at least showed evidence
less inclination to force the short side.”
. - - ;.
Lamson Bros.: “Conditions generally
favorable to the growing corn ero
Immediate shortage of cash oats uput
ting plans of bears.” 4
THOMSON-McKINNON ON GRAIN.
CHICAGO, July 21.—Forcing weather
now prevails over the entire rorn&l.t.
which i 8 highly desirable, exce?t t
'ralnn in Rhe West and Southwest would
be beneficial. New crop futures are
now 95 cents under price of spot, which
fact has chamged the sentiment to the
extent at least of restricting efforts for
lower prices. Smaller ghorts covered
freely on yesteidny‘s closing bulge.
Oats—Yesterddy's sharp advance in
oat values, both cash an({‘ futures, to a
| great extent eliminated the outstanding
| short interest. One or two cars of new
oats have arrived in Southwestern mar
kéts and the agpenrzlnce‘, of a few cars
here would probably ease the stiuation
materially, - 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 movemegt to new oats or decline
fn cagh premiums.
WILL NOTIFY MEMBERS.
CHICAGO, July 21.—President J. P.
Griffin says: “1 am called upon each
day to deny many unfounded rumors af
fecting suggested modification, altera
tion or rescinding of maximum prices
now [n 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 re
calving notice from me 24 hours in ng;
vance that the board of directors will
called in session and the purpose of the
'm»eflng will be stated at the same
time.”
‘