Newspaper Page Text
'fiMarkets Flat and Reactionary Wednesday; Trading Limited to Evening Up Over Thanksgiving Holiday'
& 0. Drops
20 Y ps to Lowest Mark in
ears—Enti ¢
Final ire List Off
inal T "
on
e Weak,
W o T
ket ":"‘"lk‘ Nov. 28
price ned dull and .{rx.-_The stock
nited ’\LT'-nm-dny i egular today
ing States tSeel er.
at. 973 o com
h}?hcm Stadl yielded tl)"non, after
B, "e M Lo (apsiined o Whils
R ok
- 'v'ir"-‘x :"-g at E"ssd(gclingd 1% t
P ang ng %hi 4 (;Pnpra? 0 9415,
e Pullma igher at 91 Motors
aware ""“\‘l‘ 'hdp"”nf‘dtx'" Y“eldw to
. Readir . udso a \“o 012
merican ':”;J(i(‘lin.wdn,sgi;‘i)d‘fd 2%41’&;
erican Smelti
'T(;z‘ 11, K“i:‘mg' 5"11ing69%'
*16%, bur h: ed 1% at th ex-divi
s Rgl L
merican cotton of reaction to
fvance f‘:"{leral S?l(;oxv] was an exc
Wited o point w of weakn ception
Y States \‘t'u 1_;;;' akness and
& ralii S Steel, g
eferre allied el, after selli
b d, after t? above 97 selling down
el L OrapDing, to g.{’d Marine
e Wb\ deon & moved
S sume el issues and Steel
P ; Viclded 3 v Tol
EEd up ed % to 49% altimore aea
nd :}" \]";"r; ‘r p:‘)inib';” ‘Ttyd‘:b:{k(,r
Bor en moveqd eclined fr 4455, whil
Ids were dup to rom 91 t o
Mone were steady, 0 89%. o 88%
thsiy‘,;’f"'“""‘ at ;
he earl S was .{m,‘l per cent
nerally f‘_frgrnm,fi” in volum
ene firm. o but the tfi during
oints. selling nr‘4;dih:‘k“r n(ngtinwas
| Baltimor an upturn of g
aat == rice = y O .
i ast 20 \,.;‘,r.”"” ~_,s”fngfl to 491
e ost of s during the fin sold in
f‘]in?l’:‘gw about lt;])‘i other ?fm{m‘“ trad
o to 943 oin 3 active &
9514, 96% and ;i‘:_‘.‘“'l ('r)mlm(zys-.'\(‘;es
n);‘]Y:]tp vmurlm, ol ine preferred ‘{6
g onds un(-]?;f"d weak. G
g bonds S,(‘;|(]\j nged; railw rovern
__2(‘“ quots e ay and
i tations to 1:30
Allis-Chaln ;T_,_"jizh by o 2 i 1:30 Prav
A do .z."s' . ]r—-,—m‘—‘:q—p
AA‘m, e T 4| 18%] 19 |l9
(oL calturat i eey
e 5 Sugar ..| eel 3 I'l
gt qiiel nasil
Am‘i"‘m e Ak T4ls| T4%)| T;‘E:‘:
do. pr aszil 2’| ap By
Qm. s ",r! C R 367 36 | 363%]| §?,
R Cotton & | 85%
| Am. Cotton Oil .| 66 651.! 66" 78"
. Locomotite .| 26%| 25 66 |66
xA do. pref g SUneme .:,.'v‘ ':"3'7“4‘ 25
£ m’iu '\'n““il.\g' \ 6 93% 54 5514
‘ .'w.' .| 768 KL 74 B ag *
S S, seeel e ¢
#m. Sus. Ref. . | b 1 | 86ie Shig 102
5 £ an Rt 971 -T"_’g.'
fim !\\"u.y‘,\r;ll Tel. 1081, ’?’é:* ]}‘\4 'jgy
Y Lindeead: 12 43 {10614 1065,
Atl fl‘f: Y!Fto,“q et} 25’““ gg | 43 2 433'1,4/
R ‘iv and W. 1.. vt T‘) 25 ‘ 25';
- H. and P e 99 | 9814 98" 68
} . do. pref &% e g ‘,,,_-‘ 98 |99
JAm. Malt Cor. . a 8 bes 13% | 1434
do ,\:_Pf"l‘. At |SB 58 |BB 4
b‘?m» TobAnds: - "1’?.1"“
..\nn, Sum. Tob =3 5;
Nm. Tice . ... 0% 5901 or li BoY
IY, o pret. FIRE M| Wk bos?
Blasks Gold & e e
-T\n.'{w,,,m”h' Sl bk 2k I,‘;
‘th‘”i-"'h SN 0 s’s'-"9:] :ffl‘ 2‘/4’ ‘l7l'
&. 1 < o oMosas 073 | 578, &7
Baldwi 2t foeatst 8315 83 s 807
e n" ST el 83 dBT
B. and ~l““’- CClEsw | Baisl BEd “:4
W Ader 0 505 5414 553 i
8»u._1.,,“m e &2 % 49% ] 49% f—’i;'.’-f
:xj“; ;\rpf"" ”R --.Qsg‘s
Bkl\-,;l. pref. A‘B'”- l !l".;-.f Soyal 81
3 Rz v 5 2L e9B -
Butte S g B E{}:* 9% 797% ;‘fé
Butte Sunerior - | 1714/ 11%| 174 Hi
# do. pref - 2 ! IT%| 17%| I.}' “
(.‘an‘ ;-‘.],’;:,‘_» She bl thelt A 2 :,1«3
‘Ch':lnn "..1: y I’3'. ‘fi-i‘. }{:lf‘i
P ey 18 |47 12414 13414
! N, |oSl 04 ti s
(*');-‘“ and & ’I Hle i 93%| 94| 94
‘hin Ne»Lo he A o e
pml,f‘ Copper”. |42 388 36%
Jorn bt 853, | sl% 413 1917
w ((~”]““ ¢ ’IV'J'(.IS ¥ L”!l : {"r"' S:—"‘“:‘ ;;él’:'
(;nh‘ Aty ‘;”"“.. | 55% 285 | 28% | 29
Bub: Cane ‘;“llk' S 55 |55 | 553
" ! Sugar aeeel wane 0072
“--mdv Tl . 2% 29 | 20% pee
} Chile Cop; ither .| 87| 66i4] b4| 23%4
Colum! O 153 6614] 6614 é§a
S 5| 185 185 18
» » - ’asco a 3
I.?!_"‘\ Hudson .| 901 - 31%
Erie. i '9:7" 89 | 90 | 'Z‘{l,';’
g «do es . 147‘»‘ 8.3 20 i
i Lot -_':-é\ 14% 14%/ 15 "
Jen. Motors I .1:7:“,:;3 92141 2972
§ o, prer. | . 91" 2615/127% 377
G. Northern pref ol gaisli s eot 1D
(};“- Mok one | 9014 | 895 36161 371,
eat Western . .| 21| 2777 1 A
Fulf S \ Yk coen] e ‘ !“—“-"3
;1'(uu:~\"‘"t‘:! Sadlptoigad i 1
”‘in(.';;_ ."_‘k]"hutl . .85 }3B SS": é’“
Insp. Copper . . | ol e
tarboro Coolraay 437 asw 941
fitgn,corer o[ )o) K 041,
Int. ‘\'_w"‘ ot ee e { ,I'B
- R ell jut 111215
"'C. Southern ..[ 2754 | 214 265%/| 273
Kan(,};b Phne 1787 fi”.;: ‘i’j el
0. DI g 2 xas . s masl 172
Lack. sicel sk pafloaitl S S
ehigh Val = dine 8114 | R 3141 &
« Liberty !,‘{:f"‘. Sitlane B 80% | g??’
do. as 'ds 365/99.08] 99 {iot] 0
Leé ’l‘p.fi i /e ”fioxps_m 99'”é‘q'5""§4
I #nd N. . ; ""‘!";‘5!7.1:,}55.2‘?8
kB el Motors : } ‘”.];~i[.)o6
I, R ARt R e 6
! I{}O' B t pref. . A' 247, 35 . 11’%%
e saipt ansulßatil 5
S ine etroleum. .| 80% '7:";1 2314 ;I
_do Ry 241/ | S9A 80 | 793
- Miami "r';y‘,f, < :,,;!*‘ qux" 23% | é?l«t
Midvale Steol . k| oiisl 6% a 57%
National "'n'i iR 433} | 3”1" 2814 | iZ'S-"»x
National SIneBL s e | 3322| 43% 143,
North Sr“ j‘el .| 38% 2% 24 :4zf
:¥e It A 37 | 38%;
N. FN % vic ol 70 | Ace) \; 4
:\_iflinr,”'l [l‘"‘,l‘\ H.| 27% ~_‘l‘4 "{”H 7(‘;
N. and W ad ..| ... e 275%|.27%
Qor}h"'h i‘:;(‘:fi(: 84 ? 425‘:
N.°Y.,, O. ar . | 8354 Suedtlb e
I\\:ev. Cor “l,"lyp\'\’. Al ‘.Rg 6! 83%| 83‘7'
-r)..Y, \vv;‘;.’,m“"'-‘ 17%) 17%) e mr,:
hio Cities Gas A 4] 17%1 171%
Renn.«‘_\‘\;m;a'“"‘ .| 36 '::'|[ ;_-_-_.3"1 oy
Peolue; e e 46%| 46 357/ 38
e teel Car .. e |46 | 4634
Pi do '.x-v“ o !’l[37h
fip:‘Esl'yu el . eL e ?‘i
tay Consolid 5 g ooaa| 9
* R:1 and Steel . .| 7014 69 | é:‘é 2254
o 787 o 9 | 697
do. pref 8% |T7 o lflv'h
gflck Ehoa . . Ao, ! T Tsr.:
& el Springs. 1834 18| ‘1:-:( 9514
;fars»nm.h.“\k‘%-‘-‘1.{.4 0% 18] 1
Sloss-Sheffield T 1130141138145 1139145 "
Southern ‘x-f,lf',-- . "z 139”'2.’39%1133%
Southern .H""‘l;\i'l(; .| 82% 82| ‘SC);'I 38
. do. pref. y.| 24%| 243 82%| 827
Studebaker .. .| 6T%{ 5T 244 24%
‘Fr"\ft Co » o ]45 | 4“3:‘ ;""Ai 51 ¢
t. L. and g . :|125% 125% 12514 ( 423
gmfil.’t:r oil S ‘ #li _| 2125% 127"
ke e 3114 31| ioa 199
do. pref g “;‘ 311/4} 32“
Tob. Product waed el sl
T ducts sl nennd | A
enn. Copper .| 53 | 51%] coee| 183
,}:hlrd Li bt 52 | 5212
Texag Oil- - . 14'{' Sos <...] 12%
exas Pacific 3 lasis lasis! 7
e Pacific - .| .- 2314235144
Unj%n Pacinc . I]4_l;‘ ‘ -A."Jg.—:;
i do. pref ;11137% ... 1173
U & Ribber - N g
-b"j-.\'u'ev . "(Fi'l" Pig
et . 0714| 9614| 97 537
.Ci : yiih 109 1 4| 91 a 7
I. Cigar Stores .11094 {lOBl5 9T
lvlt!ah 5 ;‘_\,‘,‘;" St 2§;‘ 501;:“),?,'{2 1‘(;‘1 <
a.-C. Chemicat o 1 78% |TB v e
P Wabash . .~:H~a.! | 3515| 34 ,‘}‘ 8%
w do. pret. “A".) 4?\ 8 | 5 d'B“‘2
n_stpr” ":"‘Lfin> . 4 15| 40% 4““/3
\Jys-Overiand ::’,“‘ ?7:4 83 "; g'.,',“
- 9141 191! I‘,_-‘;
>L TT §
AVERAGE WEIGHT OF COTTON
! {
| GO
- BALES OFF FROM YEAR AGO
3
LB RI St SRR SOOI I T S R R
By VICTOR BARRON.
Atlanta bank clearings Wednesday .......$8,795,188.96
S day Tt yens .. .. 000 bt 439913341
SDETONDS il e sLo ARI R IRT 0T 5,55
® & 9 -
Atlanta spot cotton Wednesday ...............30.15¢
SN ey MR vear .. L VL Laa s s 0.5
. B
New York cotton futures closed easy.
New York Stock Exchange closed weak.
Total stock sales 406,000 shares.
Total bond sales $3,299,000.
% % 8
All markets were flat and reactionary Wednesday, with trad
ing confined to evening up over the holiday.
After opening 5 to 23 points lower on selling credited to Wall
street and Western houses, due to the unfavorable situation in
Russia, cotton futures rallied briskly, but toward midday the list
reacted to a net loss of about 15 points on continued selling. De
mand was less nctive than for several days, traders being inclined
to steer clear of the market until after the holiday .
There was no change in the tenor of spot advices, offerings con
tinuing light with demand active.
Spots here were quoted 5 points lower, at 30.15, by the Com
hercial Exchange and 1-8 of a cent lower to 30 1-8 cents by the
Warehouse. No sales were reported.
o 808
Trading in both corn and oats was light, with the feeling in
the pits bearish. Provisions showed pronounced strength, with
pork scoring sharp gains early in the session.
‘ ¥ ¥ %
Stocks opened dull and lower, with the steel, copper and motor
issues most prominent. United States Steel, after opening at 97,
dropped to 96 1-4, then rallied to 97 1-2. Marine preferred showed
strength after the opening on expectations that a cash dividend of
$lO a share will be ordered on back dividends early nexi week.
* 6 B
According to Secretary Hester, of the New Orleans Cotton
Exchange, the average weight of bales for three months of the
present season has been 517 76-100 pounds, compared with 523
76-100 pounds last year. His figures, which are for August 1 to
October 31, inclusive, follow :
— 1T —— 1917. 1916.
Number Weight. Average.
; in bales. in lbs. ——weights——
Pemp 50 0 0 YB6O 382,928,478 929.93 538.26
bouggiaag:. .o | 30198 196,244,016 520.37 525.74
Alabama, ete. .. .. 54981 28,687,986 521.78 51315
Gaorgia:. . 4w 479908 245,004,368 510.53 5H08.88
South Carolina .. . 87,999 43,911,501 499.00 500.00
North Carolina .. . 88,202 19,292,010 505.00 499.00
Vareiia . . 45 81539 40,932,578 502.00 495.00
Tennessee, ete. . . .350,350 178,289,611 508.89 513.62
Total, 3 months . 2,192,699 - 1,135,290,548 517.76 523.32
e¢ 9 8
CLEARIN%HOUSE MOVES. 1
This is moving day for the Atlanta
Clearing House-Association.
The associatfon late Wednesday will
move into their new quarters on the
second floor of the Healey Building—
three large offices.
On May 14, 1909, the C'learing House
Assceiation méved into the Commerce
Hall, corner of North Pryor street and’
Kdgewood avenue. At that time only
about eleven clerks were necessary to
handle the daily business—very sel
dom more than $1,000,000 a day—but
during the last few yecars their busi
ness has increased to such heavy vol
ume that a force of 30 clerks, book
keepers, etc., now are necessary to
handle the business, clearings through
the local national banks averaging
more than $9,000,000 daily. Recently
the clearings totaled more than sll,-
000,000, or more than a full week’s
total of a few years back.
- % *
COTTON GOSSIP.
Houston says 3,000 acres in Galveston
and Harris County are infested by pink
boll worms, according to State Depart
ment of Agriculture.
* * *
Journal of Commerce says: *“Cotton
manufacturers are worrying about
where and how they will get money for
financing cotton purchases at over 30
cents a pound.”
* » *
‘“Large sales at Dallas Tuesday at
lower quotations confirm advices of more
inclination to sell at this level,” wires
Kofler, of J. F. Clark & Co.
- - *
The weather map shows cloudy over
the entire belt; general rains in Texas.
Oklahoma and Arkansas, western and
north Louisiana. Indications are for un
settied, rainy weather over entire belt;
colder in north p'ort.ion..
The Times-Picayune says: ‘‘The re
actionary_ dlsposition developed Tuesday
while held in check by the bullish sen
timent underlying the market was but
natural after so long sustained an ad
vance which has about eliminated the
short interest and therefore weakened
the technical position of the market.
With the 30-cent limit practically reach
ed in many portions of the South, it
was orly reasonable to expect freer of
ferings. The approach of Thanksgiv
ing, when both American exchanges will
be closed, also proved an added incen
tive to the liquidation of the long inter
est. Owing to the possibility of all sorts
of developments from day to da{, the
desire to even up commitments in ad
vance of a holiday is more pronounced
than at ordinary times. One of the rea
sons for the reactionary tendency yes
terday was the falling off in volume of
trade buying, which has been so im
portant a sustaining influence of late.
This slackening in this character of
trading is apt to be only temporary, as
mill stocks are known to be considerably
reduced, while contracts for manufac
tured goods have been made to cover
the greater part of next year.”
NEW YORK COFFEE MARKET.
Coffee quotations:
Closing.
Gdnuary ol VR Y SRR TIB
HODIURTY (i sd <SRSO l 7.03@7.04
ERFOR .. "L i canae aeiee v IO TN
B oy 100 sl Ve e ke e TAT 38
R S s sTR B
QURID (i e i seidin s v ouk TOSUNEES
JUWR BRR S A
BORNEE . .. o.k L 0 s L
SODEEIDEE o oo NS TREENT RS
Oetobar UL L N e TR A
November .. .. .. .. .. ..| 6.85@6.88
December .. ..i oL v ] SA5@6 80
LONDON BAR SILVER.
LONDON, Nov. 28.—Bar silver is un
changed at 42%d.
Womworth ~ . . st atiih 1108
Westinghouse . .| 3914 3815 383%;| 385
White Motors .. 4 iool st ol 36
Wilson Pack. Co..| 46%| 45%| 46| 45%
xEx-dividend, 134 per cent.
3 {
'No Markets Thursd
g 0 larkets Inursaay
0 Stock and commodity mar
§ kets and banking institutions
g ‘throughout the United States
) will be closed Thursday—
s Thanksgiving.
All exchanges will reopen
Friday morning.
The foreign markets will re
main open.
% Financial Sunshine
{
; Gy 0
0 Savannah reports the sale of f
g a bale of cotton grown in 3
1880, which has been held as |
E an heirloom, but was brought 0
§ out by the high prices. It is :
§ said td be in excellent condi- ;
; tion, grading about good mid- !
g dling, with good, strong staple
unimpaired by time. §
The highest price cotton sold
at,in 1880 was 13 1-4 cents a ¢
pound and the lowest 101-2 ¢
cents. 5
$
AAAAAA AAA A A A A A A
J. F. CLARK'S COTTON LETTER.
NEW ORLEANS, Nov. 28.—Overnighl
news presents the Russian situation in
a far more dritical state than before and
London says it is one of the main ob
jects of the Paris conference. Wash
ington says official information points to
German influence in the Petrogad ad
ministration and the possibility of Rus
ria turning into an active ally of the
the Central Powers. All shipmeuts of
supplies to Kussia will be cancelled im
mediately, also from Japan. This would
indicate a further curtailment in the
foreign consumption of cotton. Copen
hagen says behind the meeting of the
Scandinavian rulers lies the fear of Nor
way's entrance into the war, causing
complications and new issues in the war
situation.
Of strictly cotton news, there was the
report from Yazoo City, Miss., that
since August 1, 24,495 bales were mar
keted against 16,902 last year, showing
the larger yield in some localities.
General and heavier rains occurred
during the past 24 hours over Texas,
Arkansas ard western and northern
Louisiana, Indications are for unsettled,
rainy weather over entire belt; colder in
nort]Y:em portion.
Our market opened 10 to 20 lower on
unfavorable foreign news, liquidation
over holida~+ and the indication of un
favorable weekly statistics on Friday,
but the tactics of buying on all de
pressions has proved so profitable and
has become so generally adopted that
good support of this nature was encoun
tered on the break and the market re
covered to .ast night’s closing prices in
side the first hour.
Wealth and independence created in
the agricultural sections of the country
during the past two vears of high prices
for foodstuffs and cotton is a telling fac
tor in support of the market, The spot
market is reported quieter.
COTTON SEED OIL.
Cotton seed oil quotations: g
| Opening. ~C]“"'ing'_,
ghal s s ens s HRTO®I9.OO
January .. . .118.50@18.40'18.30w 18 40
February . +1178.25 18.25@18.40
March . . +18.40@18.50 18.34@ 18.40
APk . i . .18.40@18.75/18.30@18.50
AN e « 41900 19.00
December . . ./18.20@18.40 18.20@18.26
" Closed steady; sales 1,700 barrels.
|
Pre-Holiday Selling and Unfavor-‘
'
able War News Result in Mod
' '
erate Dip—Brisk Rally.
NEW YORK, Nov. 28.—The weakness
in Liverpeol attributed to increased
Southern offerings caused an easier
opening of the cotton market today
with first prices 5 to 23 points net low
er. After the call the market broke 9
to 19 points from the opening on con
tinued active selling by wall street and
houses with Western connection. De
mand was Jess active. Much of the
selling was in the way of realizing over
the holidays and unfavorable war news.
An active demand from trade houses,
however, steadied the market and be
fore the end of the first hour’s trading
the list had recovered the entire de
cline, but immediately reacted 5 to 10
points from the top levels,
Exports loday were 23,307; coastwise,
11,517; week, 65,00, against 145,000 in
1016. Port stocks, 1,209,359, against 1,-
515.768 in 1916 and 1,474,946 in 1915.
The market ruled dull with prices
within a few points of the early low
levels during the early afternoon, trad
ing being entirely preholiday.
During the late trading a prom!nent
spot broker ran in a lot of shorts by ac
tive bidding, resulting in the list rising
sharply. January rose from 29.23 to
29.42 and March from 28.81 to 29.05.
However, scattered realizing just before
the close, checked the rise and the clos
ing tone was easy, with prices at a
net decline of 6 to 15 points from the
closing quotations of Tuesday.
3 Sz))ot cotton was quoted unchanged at
1.20.
Semi-weekly movement:
| 1917. | 1916, | 1916.
Receipts .....,.....‘146.691‘140.526;113,296
Shipments .........[116,602/124,572] 85,299
Stocks ............[762,663]930,540/933,452
NEW YORK COTTON FUTURES.
B e g
2] 8l s3] 4| 5
LAB VRS 48 Al
De 30.20/30.22/30.0530.13/30.13-14/30.25-30
Jn (29.25529,44;23.09 2!).34".‘.9‘31-3”29.33-42
D 00l ol tvactia 12800 129.00
Mr }28‘722:}.05‘28.72 28.88 28.85-92 28.95
Ape Laoale b v 2R eRs T laßto
My ‘»28.50328.72!28.46 28.62 28.59-63/28.65-68
Je ... b, ..0]28.39 128,46
Jy [28.41|28.47|28.22/28.40/28.33-36(28.40-42
A¥ LNI 080808108 Y
Oc _|26.90:26.5]26.50/26.9526.80-85/26.95
Closed easy.
NEW ORLEANS COTTON FUTURES,
: Seialac g ‘o
£ 18] gligl &1
_ o ImEosisgl § 1 89
Dec ]28.73/28.73/28,65 28.70/28.66-72|28.77
Jn |28.26(28.41|28,16(28.38 28.34-40 28.34-39
Fb {..... ... fedensl. s ..|28.34-38]28.34-3Y
Mr |27.85/28.00127.75/27.62 27.93-57 27.95-98
Ap |....fi.0dl s 0]27,98-05(27.95-98
My [27.65/27.87|27.64/27.82/27.81-82/27.84-87
Jy |217.65 27,74‘27,502’4.69;27.66-69\21.70-71
0c_126.04126.10(26.04/26.10[26.02 _|26.20-35
Closed barely steady.
LIVERPOOL SPOT COTTON.
LIVERPOOL, Nov. 28.—Spot cotton
was steady. Prices steady. Sales, 4,000
baies. American middling fair, 23.88;
good middling. 23.08; middling, 232.47;
low middling, 21.95; good ordinary, 20.95;
ordinary, 20.42.
Futures opened easier.
¢ New Contracts.
Prey.
Open. Close. Close.
January .. .. .. 22.46-44 22.36 22.53
MERRTY .4 i, i i ~edvies D% ZNBY
Mereh.. .. ~ 5. +.20.42-84 2291 32.41
DI L. . T i Bk BOAT
MY .. ol i ..ROML-R4 3250 3BT
Old Contracts.
November.. .. ~ ..21.30 21.00 21.30
Nov.-Dec.,. .. .. ..20.90 220.80 20.9¢
DOC.~JBO.. ..., .. 01D 20.656 2075
Jan.-Beb,.. ~ i 08 20.556 20.65
Feb.—Mch... ~ .. ..20.08 20.46 20.56
Mch.-April .. .. ..80:47 20.37 2047
April-May .. .. ..20.39 20.49 20.39
May-June .. .. ..20.31 20.21 20.31
June-July ... .. ..20.23 20.13 20.23
Closed quiet.
SPOT COTTON.
Atlanta Commercial Exchange quotes
good middling, new crop, firm, 30.15.
Atlanta Warehouse Company quotes
good middling, 30/a.
New York, middling, 31.20.
New Orleans, steady; middling 29.13:
sales 436 bales.
Charleston, middling, 29.
Liverpool, good middling, 22.00 d.
Wilmington, middling, 29.
lltfgrfolk, steady; middling, 29%; sales
,108.
Savananh, steady; middling, 29.
I?fiéxgusta, quiet; middling, 29.63; sales
"Philadelphia, middling, 31.45.
Boston, good middling, 31.20.
Little Rock, quiet; middling, 29.38;
sales R 79.
Mobile, quiet; middling, 29.63.
Galveston, middling, 20%%.
St. Louis, middling, 29%.
Montgomery, firm; middling, 21%;
sales, 134.
Dallas, steady; middling, 28.30.
Memphis, steady; middling, 29%.
Houston, steady; middling, 28.80.
COTTON PORT RECEIPTS.
The following table shows receipts at
the ports today compared with the same
day last year:
e e NN
New Orleans . . .| 10,261 | 12447
Galveston ... ..l 9,117 | 10,716
Mobile. .... ..| 439 \ 1,347
Savannah. ~ . , .| 5,068 | 6,795
Charleston. ... .| 568 | 1,352
Wilmington . , . . 1,163 197
NORTQIE: & v i ) 7,886 5,361
NEw Yark . .0 . ol 17 105
Boston .. . iy .l 1,768 495
Philadelphia ~ ..| 638 e 263
Gautar 000 L] RGAaE Al 46150
INTERIOR__M_OXEMQNT,
= e b O, s e
Houston. . , +'. .| 10,1971 14,886
Augusta. ... . .| 3,812 | 1.878
Memphin. . .. . .} 6,451 | 1,180
St Tiouly: ... o 25184 | 3,259
Cineltanall . .-, ..| 1,613 | 1,392
Little Rock ... .} 2,794 | 1650
T0ta1.,.."v . . .| 47061 | 24354
AT:LéNTA_Q_OTTQN__ST_f\IEMENT.4
__Wednesday. £ e ißales
ROBOIDES & o 5 sy %a v wean aawes SESE
PEAOIENTR I, ey Tede b 0 ] ESOY
e R R
ATLANT; COTTON SEED PRODUCT
Crude oil, basis prime—November and
December, 1.25@1.27.
Cotton seed 7 per cent ammonia—No
vember and December, 48.25@49.50.
Cotton seed meal, 7 per cent, Georgia
common rate point—November and De
cember, 48.00@49.00.
Cotton seed hulls, sacked—November,
December ana January, 2250@23.50.
Cotton seed hulls, loose—November
and December, 19.00@20.0.
Linters, clean, mill run—November
and December, s@s%ec.
MEMPHIS COTTON SEED MEAL.
Cotton seed meal, 7 par cent ammo
nia. Close, 46.95@48.00; TDecember,
49206 49.25; January, 46.95@48.0; Febru
ary, 46.95@ 48 00; March. 47.00@51.00.
Tone easier; sales, 300 tons.
National Bird in Heavy Demand,
' '
With Prices Unchanged on
Best Stock. ‘
Produce Row was swamped with bus-‘
iness Wednesday—Thanksgiving trade.‘
Every dealer on the Row received large
shipments of turkey. Prices were quot.
ed unchanged. However, each ship
ment received contained a few low
grade birds, which were sold below top
prices. The best stock brought 35 to
37% cents for dressed and 30 to 33
cents for live. Hotels, restaurants and
clubs were the heaviest buyers.
C. J. Baisden Produce Co., Thompson
Produce Co., MecCullough Bros., Wil
liams-Thompson Co., McMillan Produce
Co. and the Manhattan Fruit and Pro
duce Co. reported the demand far in
excess of A year ago.
Williams-Thompson Company receiv
ed a heavy express shipment of Louis
iana bunch vegetables, selling readily
at from 40 to 80 cents a dozen, bunch
es; also a large shipment of Florida
Irish potatoes.
Bell Bros. received a car of Georgia
“vellow yams,” meeting good demand
at prevailing prices.
Following are wholesale quotations
fer Wednesday:
POULTRY, BUTTER. EGGS.
(Corrected by the Fidelity Fruit ano
Produc. Company, U. S. Food Admin
istration License, No. 10483.)
Butter—Fresh country, 33@34ec.
Eggs—Fresh gathered current receipts,
%)ésselect No. 1 candled, 55; storage, 37
0.
Dressed Poultry—Undrawn, head and
feet on, per pound:
Friers, 32@35¢ pound.
Hens, 27%¢ per pound, '
Roosters, 20c: young staes, 25¢,
Turkeys, 85@87%ec pound.
Live Poultry: Sl
Hens—2s@2%6¢c pound. ol |
Friers, 28@30c pound. o |
Roosters, 15¢ per pound. ¥
Puddle ducks, 25c¢ each. T
Guineas, 25¢ ezch.
Turkeys, 30@%3c¢ pound.
SQUASH—§3.OO@3.SO per crate.
VEGETABLES.
SNAPBEANS—S4.OO@S.OO.
WESTERN CARROTS--3% cents per
pound.
EGGPLANTS-$4.00 per crate.
LETTUCE—-Head, $1.25 per dozen
CELERY—#SI.2S per dozen.
BtELL. PEPPERS—S3.6O@4.OO per large
crate.
ONIONS-—Yeltow and red, 100-pound
bags, $3.75; white, $4.00.
SWEET POTATOES-—51.26@1.35 per
bushel.
IRISH POTATOES—New crop 2% @3¢
per pound.
CABBAGP-—-2@2%c per pound.
CANADIAN TURNIPS—4%e per Ib
CRANBRRRIES*GOfi‘mcypor gallon.
CALIFORNIA BLACK EYED PEAS—
11c per pound.
~ CALIFORNIA LIMA BEANS—IISc per
‘pound.
| FRUITS.
' GRAPEFRUIT--$3.75@4.00 per crate.
GRAPES—2O@2S¢c per basket, Kkeg,
\s‘so@6‘oo.
PEARS—S276@3.OO per box; seckel,
$3.50 (Per basket.
COCOANUTS-—58.50 per sack, 100 to
each sack.
RAISINS—S2.2S per box.
APPLES—Fancy, $7.25 per barrel;
ehoice, $6.00 per barrel.
LIMES—SI.OO per 100; SIO.OO per bl&
~ ORANGES-—California, per box. $4.
@4.25: Florida, $3.75@4.00.
' BANANAS-—3% @3%c per pound.
~ LEMONS—S4.OO@6.SO.
| LOCAL PRODUCE PRICES.
Following information collected by the
United States Department of Agricul
ture, Bureau of Markets, Atlanta
branch, show jobbing prices, namely:
lgzss carload prices on large lots to job
ers:
APPLES—Arived 1 Georgia. Demand
very limter, movement dmgdgy. market
glutted, quality and condition wide
range, Virginia No. 1 fancy Yorks, out
of storage, $5.50. Choice out of stor
age, $5.00; No. 2 Yorks, $3.00@3.50, Al
bemarle Pippins, ungraded, 2-inch up,
$4.00. Fancy No. 1 Winesaps, $5.50@
6.00. No. 2, $4.50@5.00. Fancy No, 1
Black Twigs. $6.00. Various varieties,
ungraded, tield run, drops, $2.00@3.00.
CABBAGE—Demand and movement
improving, market strengthening ac
count of cleaning up, quality and condi
tion generally good. Wetsern Holland
seed, 100-Ib. crates, $2.25@2.40, mostly
$2.25; trimmed, $2.15, '
ONIONS—No fresh arrivals. Demand
and movement moderate; market weak;
quality and condition variable; wWestern
10-Ib. sacks Reds, $2.80@2.90; few best,
$3.00. Californias, 10-Ib. sacks Yellows,
irregular sizes, $3.0.
WHITE FPOTATOES—SuppIies ade
quate. No fresh arrivals. Demand and
movement good, market fair account of
variable quality offerings, wide ran%e
quality and condition. Western, 100-Ib.
;n%ks Rurals, $2.40@2.50; few bests,
2.60.
SWEET POTATOES—Arrived 1 Geor
gia. Homegrowns, no supplies. De
mand and muvement good, market
strong. QGeorgia: TPorto Ricans, sack
ed, per bushel, $1.15@1.25.
LIVE STOCK MARKET.
CHICAGO, Nov, 28.--Hogs—Receipts
35,000. Market slow and steady to sc¢
iower. Mixed and butchers, 17.15@17.95;
god and heavy, 1720@17.90; rough
heavy, 17.20@17.40; light, 16.60@17.75;
pigs, 13.00@15.75; bulk, 17.35@17.35.
Cattle—Receipts 25,000. Market
steady and shade lower. Beeves, 7.30
@14.75; cows and heifers, 5.00@11.60;
stockers and feeders, 6.0@11.10; Texans,
6.15@13.60; calves, 7.50@13.50.
~ Sheep—Receipts 14,000. Market
steady. Native and Western, 875@
12.70; lambs, 12.50@17.00.
ST. LOUIS, Nov. 28 —Cattle—Re
ceipts, 4,600, including 200 Southerns;
‘market, steady; native beef steers, 8.00
@15.75; yearling steers and heifers, 7.00
@15.50; cows, 5.00@11.00; stockers and
feeders, 6.50@11.00: calves, 6.75@10.50;
Texas steers, 9.00@12.75: prime South
ern steers. 6.00@10.00; beef cows and
heifers, 7.50@10.00; prime yearlings and
heifers, 7.50@10.00.
Hogs—Receipts, 13,000: market, 5@
10c higher; mixed, 17.40@17.75; good,
17.70@17.75; rough, 16.85@17.15; lights,
17.40@17.60; pigs, 16.00@16.75; bulk,
17.40@17.70.
Sheep — Receipts, 2,600; market,
steady; ewes, 10.00@11.66; choppers and
canners, 5.00@8.5%; lambs, 13.00@17.00;
wethers, 11.00@12.50.
CAR SHORTAGE ACUTE.
Reports to the American Railway As
sociation from all roads of the country
show on November 1 the excess of un
filled orders amounted to 140,012 cars,
an inerease of 25,104 cars over the same
day last year.
Of this numbeér 97 000 cars are called
for in other parts of the country than
the congested region east of Chicago
and nerth of the Potomac River, where
the abnormal war business is heaviest.
~ Many orders could be filled if the cars
now delayed in the congested regions
could be released.
The Railroads’ War Board is now ap
plying extraordinary remedies in the en.
‘deavor to accomplish this,
1 METAL MARKET.
- NEW YORK, Nov. 28.—Tin, nominal,
80 bid. ILead, quiet; November, 6%
' bid; December and January, 63:@65%.
Spelter, quiet; Novembher and December,
7% @T%; January, 7% @7%. Copper un
lchangcd
‘5 FCOTT |
| ¢
| FARM VALUE OF COTTON SEED §
~ ON OCT. 15 WAS $65 PER TON
According to the ‘‘ Monthly Crop Report’’ of the United States
Bureau of Crop Estimates of the Department.of Agriculture, the
estimated value of cotton seed on the farm on Oectober 15 was
$65.02 per ton, as compared with $47.19 the same date a year ago.
| The price of the seed in Georgia is the second highest of any
State in the cotton belt, being $67 per ton, as compared with
$52.45 in 1916. South Carolina leads the list—s69.2s against
$53.10 a year ago.
Following shows the price in each State compared with a
year ago: _
Cottonseed, Per ton.
1917. 1916.
NOMUh MPBITS -ot e sBO $49.60
SOt GRPONNA o 0 oo vinvbi i vaiaes oy 8925 53.10
EROEEN ... sil e s B 52.45
DROMEIN et e il i R 43.80
"l‘cnnessec kb OO e daa Ve s Ausk Vet e L RDIRD 47.80
RIRRRIIE o sl e BEY 50.00
‘Mississippi ST et R L D 47.10
LORUEHR .oov et v BREO 45.00
IR e e 42.40
Lo T R R M s e e 42.60
ATIURERE L e e ÜBETD 44.10
United SUERE .o e wOO 02 $47.19
T——— ]
\
' ' ' yoih
Argentine Grain Shipments Limit
ed—None Available From
Russia and Roumanaia.
By BOERSIANER.
CHICAGO, Nov. 28.—A further gain
early in the .session by the industrials
wak considerably more than lost in yes
terday’'s late transactions. The fluctua
tive course of this group is indicated by
Steel's rise to 99 and close at 97%.
Martial, political and industrial cor
poration news favored the initial bet
terment. Banking advices suggested a
weakening of the Bolsheviki govern
ment, with corresponding defections
throughout Russia. On the Italian front
the position of the enemy appeared to
have become worse. REarnings state
ments by several specialty companies
were hlghly satisfactory.
But the weak link from the outset—
the rails—finally told on the entire list.
Continued and increasing liquidation of
railway shares at length prevailed,
The merger of interests cordered by
the Government is regarded with mis
givings b{ @ sufficient number of rail
road stockholders to force renewed de
clines. This action, though favored by
rallroad operatives as not only making
for efficiency but for larTer revenue
also, is read by some securities holders
as preliminary to Government control.
Europe Owns Her Rallways.
Government supervision or ownership
is to too many dividend-drawers and
coupon-clippers interchangeable with
socialism, notwithstanding that Conti
nental FEurope has owned her railways
for decades and that Great Britain has
controlled her transportation system for
three years.
If the Government decides to take
over the ralls, temporarily or perma
nently, the transfer should not be a
hardship on stock and bond-holders any
more than It has been to the owners of
British railway securities. Ample pay
ment or guaranty is a matter of course,
In the foreign exchange market Ital
ian lire were the salient feature. An
advance of 43 centimes was recorded.
The rapld rise from last week's level
finds a fundamental explanation in the
most agreeable recovery from the fright
ened assumption that the Austro-Ger
man army would speedily penetrate to
Rome. Instead of that, the enemy's
forces have been effectively halted on
this side of the Po Valley.
Furthermore, the Italian Government
yesterday issued a decree prohibiting
the exportation of all classes of securi
ties and inhibltlng the extension of com
mercial credits abroad, save in the pay
ment for merchandise.
The Italian grain harvest was disap
ointing. It was 20 to 23 per cent below
fut year’s yield.
Italy Needs Wheat.
The crop was least bountiful in the
South. The supply has been hampered
by the difficulties of railway and motor
transit and by the lack of shipping, al
though the Allies, especially this coun
try, are making extraordinary efforts to
meet this need, Italy’s chlef foreign
sources of wheat and corn were Russia,
Roumania and Argentine. The two first
named are now completely cut off, while
from the Argentine graln shipments
have been limited.
But before the unity of Italy the con
sumption of cereals was considerably
below the present annual average, and
no people is more enduring or at heart
more patriotic.
Apart from the food difficulty, the
economic position is unusually strong.
There has been a steady increase in
revenue since last June. In the Italian
Chamber Signor Carcano stated that, of
the actual revenue in the current year,
3.000.000.000 lire comes from taxation,
During the past two vears, he said, the
savings bank deposits have risen by
2.500,000.000 lire; at the end of 1916 their
tntal was hetween 5,000,000,000 and 6,-
000,000,000,
The masses are able to spend money,
for the State tobacco monopoly, having
put up its prices, had for the past quar
ter a revenue of 221, per cent over the
corregsponding period of last year and
50 per cent above that of the year be
fore. 'The revenue from the war profits
tax largely exceeds the estimates, and
when the many contested cases are set
tled the excess will be greater still.
HUTTON & CO.’S STOCK LETTER,
NEW YORK, Nov. 28.—A number of
vears ago the American Can Co. was
kicking around the street at the same
price that American Hide and Leather
common is today. Some rich men dis
covered its potential value, it was ac
cumulated as American Hide and
Leather comon Is being accumulated to.
day, and one day the street woke up
to find a very active and advancing
stock where there had been a sluggis
and dull one. The position of Hide and
Leather is this: ‘“There were originally
issued $9,000000 in bonds. The com
pany owns practically $6,000,000 out of
this $9,000,000 issue. There are 125000
shares of preferred issued and 115,000
common. In two years the bonds fall
due. The sinking fund will cancel $900,-
000 of the issue. This will leave about
a little over $2,000,000 in the hands of
the public. Taking the earnings for last
year, and the comr:my we expect for
the present year will earn much more,
as a basis of earnings for the two fol
lowing years and after alowing for $5
dividend per annum for the two years,
the company will be able to retire out
of surplus earnings its entire bonded
{ssue.
COMMERCIAL BAR SILVER.
NEW ‘YORK, Nov. 28.—Commercial
bar silver is unchanged at 84%c.
Billy Sunday
Wildcat Stocks
ILLY SUNDAY has about as
much use for a fake mining,
copper, oil stock or other
such get-rich-quick schemes as he
has for a rattlesnake.
“The people of Atlanta have
thrown enough money away by
buying cheap, no-account mining,
copper and 01l stocks to more )
than pay for this Tabernacle, §
and then it hardly would ba
missed,” shouted Billy, in one of
his recent sermons. “I'm just tell
ing you,” he continued. “Take my
advice, or not, I'm just telling you.”
This coincides absolutely with
the policy of the advertising de
partment of this newspaper.
No advertisements whatsoever
of this character are carried in the
columns of The Georgian and Sun
day American.
Nor do The Georgian and The
American print news stories or
special articles of any character
that are influenced or colored, one
way or the other, directly or indi
rectly, by advertisers, present or
prospective. Its financial news and
advertising columns may be de
{ pended upon as heing free from
% publicity for wildcat schemes.
. . .
High Spots in Finance
Interboro Consolidated Cor
poration has declared the reg
ular quarterly dividend of 1%
per cent on the preferred, pay
able January 2to stock of rec- 2
ord December 10. $
'B, 9 ;
Interboro Rapid Transit has
declared the regular quarterly
dividend of 5 per cent, payable
January 2 to stock of record
December 20.
* . .
Booth Fisheries has declared
the regular dividend of 12-4
per cent on the preferred and
50 cents on the common, pay
able January 2 to stock of rec
ord December 20.
* - -
$ The average price of twenty
industrials 73.80, off .23; twen
ty active rails, 77.13, off 1.00.
COTTON MARKET OPINIONS.
Jelks, Gwynne & Co.: “We do not be
lieve values are likely to work mate~
rially lower except for temporary pe
riods.”
- . -
E. F. Hutton & Co.: ‘“Late advices re
ported a somewhat easier basis in the
Southwest, but this likely in the lower
grades. The trend of prices a;:{)ear up
ward, but with exchange closed Thurs
day some further liquidation is looked
for Wednesday. The market, however,
displays a strong undertone on all re
cessions.”
NEW YORK PRODUCE MARKET.
NEW YORK, Nov. 28.-—Petroleum,
steady; crud: Pennsyvlvania, 3.50.
Turpentine, firmer, 52% @53.
Rosin, easier; common, 725@7.30.
Wool, firm. Domestic fleece XX Ohio,
To@76; puled scoured basis, 1.10@1.80;
Texas, scoured basis, 1 0¢@1.70.
Hides, firm. Native sters, 341%;
brande steers, 29%.
Coffee, easy. Options opened 4 to 8
points lower. Rio, No. 7 on spot, 7% @
T%.
Molasses, firm. New Orleans open ket
tle, 53@58; black strap, 28@32.
Raw sugar, limited supply. Centrifu
gals, 6.90; molasses sugar, 6.02,
Refined sugar—Some Russian sugar
goes to France. Fine granulated, 8.35;
cut loaf, 985; crushed, 9.60; mold A,
8.85; cubes, 9.10; pannrt-d, 8.45@8.55;
diamond A, 8.35; confectioners’ A, 8.25
@8.36 softs, No. 1, 8.20@8.35. {(No. 2
is 5 points below No. 1 and Nos. 3 to
14 are each & points lower than the pre
ceding grade.)
Potatoes weak. Nearby white, 250@
4.50; Southern sweets, 2.5003.50.
Beans, firm. Pea choice, 14@14%; red
kidney choice, 15% @l6.
Dried fruits, easier. Apricots, choice
to fancy, 16% @21%; apples, evaporated,
prime to fancy, 16@17; prunes, 30s to
608, 11%@13%; 60s to 100 s, 8% @11:
peaches, choice to fancy, 114 @l3; seed
ed raisins, choice to fancy, TH@ll.
GRAIN MARKET OPINIONS.
Ware & Leland: ‘‘Should movement
of corn increase sufficiently to press
cash values, the futures very likely will
sustain some decline.”
- » >
Bartlett, Frazier & Co.: ‘“The infor
mation that the Food Administration
will preference to cars for movement of
grain will probably result in lower val
ues for corn.”
Mess Pork Climbs to sso—Nor!
Cash Sales of Grain—Dark
ness Prevents Inspection. |
CHICAGO, Nov. 28.—Provisions wera"
sharply higher at the opening of the
market here today and the market was
stronger. January lard was up 20 cents
at the opening and pork showed a gain
of 30 cents.
The advance In meats in Liverpool
was a factor.
The corn market was quiet and easy
with prices 4 to Y%c lower at the opens
ing. Buying by lgcal traders, however,
resulted in a rallgr that advanced May
to above the previous close.
Trade in oats was light and opening
prices showed a small decline. The De
cember-May spread narrowed slightly.
Corn closed '4c lower to % @%c high
er and oats were unchanged, on the
Board of Trade today.
There were no sales of cash grains to
day, as it was impossible to inspect the
grain owing to the darkness.
There was a sale of mess pork today'
at SSO, which is the highest price ever
recorded in the Chicago market. This
pork will be “stripped”’ and merchan—
dized. The export takings of meats and
lard during the last few days have
been the largest in the history of the
Pion ot all higher, porid
Hog products were er,
90c, lard 32% @4sc and ribs 37% @s2¢.
Grain quotations:
Previous
High. Low. Close. Close,
Dec vy L 9% .B 8 1.24% 1241
0.0 3 . .
Jal... 1.215 1.20‘2 1.21 1.20
May.... 119 1.18% 1.19 1.183%
OATS—
DBS. 400 73‘& 713 72 .
May.... 0 6914 69% 693 g
PORK—
Jan..... 48.5 T% 47.75 48.35 47.46
LARD—
Jan..... 25.52% 25,00 25.35 24.90
May.... 25.40 25.00 25.22% 24.90
RIBS—
Jan...., 26.26 26.05 26.05 25.55
May.... 26.06 26.70 26.90 25.52%
NORTHWESTERN CAR RECEIPTS.
Wheat— Wed. Last week, 1916,
Minneapolis ~ ..298 399 349
SIUIEN L L 3 s ieald 92 148
Winnipeg .. .. ~782 1,078 913
CHICAGO CAR LOTS.
~ CHICAGO, Nov. 28.—Following are re<
ceipts for wednesday:
WBORE .. s Wl e b e e e
LCOTH v a 0 e salvn on iaalibe s ast N
0818 o 0 vi wo e v db s siat I
LECOBE. vu 4 va ive ds saibt s il BN
CHICAGO CASH QUOTATIONS.
CHICAGO, Nov. 28.—Corn—No. 6
mixed, 1.45; No. 4 mixed, 1.79: No. 4
white, 1.72; No. 5 yellow, 1.70@1.80; No.
5 mixed, 1.70; No. 6 white, 1.456@1.663
No. 6 yellow, 1.60@1.65. i
Oats—No. 8 white, 75%; No. 4 whiteg
T 4%.
ST. LOUIS CASH GRAIN.
ST. LOUIS, Nov. 28.—Cash—No. §
corn mixed, 1.’73; No. 4 mixed, 1.63; No.
3_yellow, 2.04; No, 2 white, 1.83@1.85;
No. 3 white, 1.79@1.80.
Oats—No. 2 mixed, T4%@75: No. 3
white, 75 @176; No. 4 white, T 4% @TS%.
KANSAS CITY CASH GRAIN.
' _KANSAS CITY, Nov. 28.—Cash Corn¢
No. 4 mixed, 1.55; No. 2 white, 2.00.
Oats: No. 3 white, 74%@75; No. 3
mixed, 73@73%.
CHICAGO PRODUCE MARKET.
CHICAGO, Nov. 28.—Butter: Receipts,
7,619 tubs; creamery, extras, 46@461 3
extra firsts, 44?@45; firsts, 39@42; pack
ing stock, 31@32.
Eggs: Receipts, 6,274 cases; current
receipts, 42@47%; ordinary firsts 42?
45; firsts, 16%@48; extras, 53@54;
checks, 26@27; dirties, 25@26.
Cheese: Twins, new, 23; dairies, 24% ¢
Young Americans, 25%; Longhorns, 263
brick, 27@27%.
Live Poultrg': Turkeys, 23; chickens
15; springs, 18%; roosters, 16; geese, l's
@18; ducks, 18@20.
Potatoes: Receipts, 16; Minnesota,
Dakota, Ohio, 1.70@1.80; Wisconsin, 1.70%
@I.BO.
THOMSON-McKINNON ON GRAIN.
CHICAGO, Nov. 28.—Corn: The im«
portant item in corn {s transportation
problem and yesterday’s official an
nouncement that corn and oats would
hold equal place with wheat in move~
ment will iprobably bring more or less
scattered liquidation.
STOCK MARKET OPINIONS. '
Harris, Wlnthror & Co.: *“Uncertain_
ty as to just what will be the result of
the pooling of the railroads was the
main cause of the recession Tuesday.
The situation abroad, except in the case
of Russia, continues favorable.”
A. Lipper & Co.: “There is nothing of
any importance new in the stock mazr
ket situation. The probabilities are im
view of the holiday not much of a mar
’ket can be anticipated. The heaviness
of rails is holding the rest of the mar
ket in check. There may be some real
izing Wednesday and on any reasonable
declines stocks like United States Steel
Smelters, Anaconda Copper, Missouri
Pacific and Studebaker can be bought.”
S. Boche & Co.: “Would buy on reac
tions for turns."
NEW YORK CURB MARKET. i
The curb market opened irregular ands
closed irregular.
STOCKS— Openlng. Clodn:..
LI . .’66 @ 6 67
United .. . .| 16%@ 17 16 161
Bhit.-Am. Tob. 16 @ 17 16 17
Alaska . . . .3% @ 30 10
Hecla Mines . 4%@ 5 4%3 5
Lake Boat . . 3%@ 4% 3% 435
Marconi . . . 2%@ 2% 2%@ 2%
Nipissing . . . B%K@ 8”7, 8%8 83g
Sub. Boat ~ . . 13% @ 14Y% 14 143,
S.O. New Y0rk.259 @263 259 g 263
8.0 New Jer. .517 @533 517 523
S.O. California. 229 @230 227 %230
S.O, Indiana .630 @646 630 645
)I‘ralrie .. 430 @440 430 @n4o
Ohio Oil . . .298 @304 297 @304
Indiana Pipe . . 87 @ 91 87 =
Houston Oil .. 23% @ 24% 23%@ 24%
Cosden. Of ~ . JiNißiésviiss Tig T%,
Anglo-Am. Oil . 18 @ 18% 18 1815
Union Tank . . 88 @ 89 86 @ 89
Savoy Off . , &% 4818 T @ 9
Victoria Oil . . 3% @ 4% 3%@ 4%
Inter. Pete . .12 @ 12% 12 @ 1234
MONEY AND EXCHANGE. >
NEW YORK, Nov. 28.—Call money on
the floor of the New York Stock Ex
change today ruled at 3% per cent;
high, 4 per cent; low, 3 per cent. Time
money was dull. Rates: Sixty days.
5% @5% per cent; 90 days, 5% @5% per
cent; four months, 534 @5% per cent:
five months, 5% @5% per cent; six
months, 534 @5 leper cent.
The market for prime mercantile paper
was quiet. Call money in London today
was 3% per cent.
Sterling exchange was steady, with
business in bankers’ bills at 4.75 3-16
for demand; 4.71,@4.71% for 60-day
bills,{ and 4.6914@4.69% for 9%0-day biils.
THE WEATHER.
Forecast by States,
Georgia—Partly cloudy tonight and
Thursday,; probably local rains in north
portion; warmer tonight in the inte
rior.
South Carolina—Generally cloudy to
night and Thursday; probably local
rains; warmer tonight in the interior.
Alabama-—North portion rain tonlsht
Thursday probably fair; slightly colde!
south portion cloudy tonight and Thuu*
day; probably rain, ¥