Newspaper Page Text
Bank Clearings Here tor Dec. and 1 917 Break Records, Totaling $235,053,500 and $1,605,473,7 90, Respectively
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i —t——
March Rises to 30.25—Short
'
Covering Factor—Market
Closes at Noon.
s
NEW YORK, Dec. 31.—The New
York Cotton Exhange shortly after
the opening voted to close at noon
on account of the cold weather.
NEW YORK, Dec. 31.—Business was
active at the opening of the Cotton
Exchange today, with the tone strong.
January on light trading rose 4 points,
while other options were 6 to 34 points
higher.
After the call splendid demand de
v‘eloped, chiefly covering by shorts over
Tuesdays’ holiday, with the result that
the list rose to new high records, March
reaching 30.25, May 29.97 and July 29.60.
At these levels the market showed a net
gain of 18 to 4 points.
NEW YORK COTTON FUTURES.
| g -] P @ v
| & '8 ] 233! BN
) % D WR Lo AD
Jy .30.6130.82/30.61/30.80/30.80-82|30.57-58
By o L RHaOeE Bo.od |
Mh 130.05/30.85130.05 30.30/30.3013-120.99-00
AD | cadhiinEß 18908 128
My [29.85]30.00/29.75/29.9029.90-92 29.64-65
de Y. .o thtrtetatioliy 0 [29:68 . [29.88 |
Jy 129.57/29.60{29.38/29.54 2!’.54-56'29.2!]—3()“
Ag 129,33.23.53129.33129.33/29.34 29.09-10
Oc_ 128.56128.70128.4228.58|28.58- 60/ 28, 2225
Closed barely steady. ‘
NEW ORLEANS COTTON FUTURES,
| | i | 1:30| Prev.
we—— ___ 'OveniHighiLow/'P.M.! Close,
January . 29.70/29.76]29.64]29.76|29. 55,
February {.. .1 cveslesnols.s s|2 53955
March . .!29.00{29.2829.60/29.28/29.02-03
BTk oe s 0 R
May . . .128.74{28.96128.73]28.94/28.71-13'
July . . .[28.68[28.75 28.60 28.75 28.50-52
August. .[:7.57(27.64|27.44/27,64/27.30-35
\
mflmm‘
{ Atlanta Markets |
A N NNN NP NSNS NN NS NP NG NI NSNS NN, :
United States Food Administration Li.
cense No. G-06431.
(These prices are f. o. b. Atlanta, Ga,,
’ and lubéect to changes.)
Flour Sacked Per Bbl.
Victory, in 48 Ih, Towe! Bags ... 13.00
Vietory, our Finest Patent ...... 12.85
Glorih: Beit - Rislag ... .i........ 12.00
White' Llly, Self Rising ........ 12.00
Royak-Sel - WVsing .. .. 5., .0, .. 12.00
Puritan - Highest Patent .......... 12.00
White Cloud, High Patent ....... 11.80
Ocean Spray, Good Patent ...... 11.60
Carter’s Best Patent ~.......... 11.60
Pl Best "Patelhf S 5 0s ... a 0 1186
All 24 Ib. bags 10¢ per bbl. higher.
T. H. Brooke & Ceo.'s quotations:
Plain Meal Per Busher.
Meal, Plain, 88 Ib. sack® &....... V. 87
Meal, Plain, 48 Ib. sacks ........ 1.89
. Grain Sacked Per Bushel.
COL ING. 2, DI i 1 s v cirorines 1,82
Oats, Fancy White Clipped ...... 1.01
Q 3% No. % "WhHte® ', "l .. .ii. 2 EOO
Oats, Heavy. Red Oats. ........... 1.00
ORI NERA iy s sindhe s iornnviiip I
Seeds Sacked Per Bushel.
Baneroft Saed Oat# ... ..vyivevies B,
Tesss Rust Proof Oats: ,ivve... 1,45
OKkley Rust Proof Oats ........... ‘1,25
Chicken Feed Per Cwt.
Purina Pigeon Feed, 100 Ib. sacks 5.25
Purina Scratch, 100 Ib. sacks .... 4.75
Red Feather Scratch, 100 Ibs .... 4.75
Special Scrateh, 100 Ib. sacks .... 4.1&
Aunt Patsy Mash, 100 Ib. sacks.. flxsg,
Meat Scraps, per 100 Ib. sacks.. 5.7
Meat Scraps, per 50.1 b. sacks .... 3.25
Oyster Shell, per 100 Ib. sacks.... 1.00
Fancy Mill I'eed, 75 Ib. sacks .... 3.60
Fancy Mill Feed, 100 Ib. sacks .. 3.55
International Hog Feed, 100 1b... 3,25
P. W. Mill Feed, 76 !b. sacks .. 3.2)
Goorge Taed, 70 Ib. SRORS ....... $.lO
XXX Mill Feed, 76 Ib. sacks .... 8.0%
Brown Shorts, Best, 100 Ib. sacks 3.0 b
Brown Shorts, Hal... 100 Ib. sacks 2.95
Big Mac Hog Feed, 76 ib. sacks.. 2.8
Peanut Meal 10C Ib. sacks ...... 2.70
Cocoanut Meal, 100 Ib. sacks .... 2.60
Velvet Bean Meal, 100 b, sacks.. 2.40
Bran, Pure Wheat, 75 Ib. sacks.. 2.60
Bran, Pure Wheat, 100 Ib. sacks 2.55
Bran, Rice Bran, 125 Ib, sacks.. 2.50
Hay, Etc.
Timothy No. 1. large bales ...... 2.10
Alfalfa Hay, Standard ............ 2.20
Pormut BRY . .ivvcasvepeineviomas LyOY
BINCRE v vduis vo aqsnanssiosed s saps? LDI
BITRW .ot sk ebl i apen. oLy D
8. Meal, Prime No: T .iiiiiss 8300
C. 8. Meal, Buco Feed .....¢.... 40.00
C. 8. Meal, Creamo Feed ......... 40.00
G, Hulls; Ol Style . ...00... 27.00
C. 8. Hulle, TANLIOSR. . ... ivs s 1900
Shorts, Bran, Mill Feed.
Peters Proven Products, Etc.
Argh 0088 VAME .oyl Bl
Re-Peter Spccial Horse Feed.... 23.35
King Corn Horse Feed ......... 3.30
A B O, Horse. & M. Feed ......: ¢.70
Bucrene Dalry. Feéd =........vis 2,19
Alfal-Fat Dalry Feed ......,... 2.75
Rich Cream Dairy Feed .........*2.25
Jersey Cream Dairy Feed ...... 2.15
No: .1 Alfalis Mesl . 5.../ivmesivs - SHY
Blatzhford’s Calf Meal ........... 6.00
Salt,
Salt Brick (Med.) per case .... 7.50
Salt Brick (Plain), per case .... 4.50
Salt White Rock, per ewt. ...... 1,50
Salt, Blocks, 50 Ib. blocks, each .. .75
ATLANTA GROCERIES.
Corrected by Cone M. Maddox Co.,
United States Food Administration,
License No. G-06583.
Baking Powder—Success, 4% s¢c pkgs.,
SI.BO.
Bran—Pillsbury’s Health bran, 1 dozen
pkgs., $1.35.
Brooms—Four-string 22 ounces, pel
dozen. SB.OO.
Cheese, zßc.
Catsup—Bull-Head, 2 dozen 8-ounce
bottles, $2.70.
CHMREE oiaTyse seb e b s 29
Corf’f(-e—Arbuckle's 100-pound cases,
£18.25.
Ugflfle—-mo roasted, 100-pound sacks,
11.76.
. Coffre—Arbuckle’s Breakfast, 60-
Crackers—Sodas in boxes, bulk, 14c.
Flour—Pilisbury's Best, sacks... 11.75
pound cases, 24%c.
Corr—Canned, 2 dozen 2 ‘)oundl. $2.26
Corn Flakes—Post Toastles, 36 pack
ages, $3.30.
'3(;8111 Flakes—Kellogg’s, 38 packages,
.40.
Cornt Flakes--Krinkies, -36 packages,
Floir—Pillsbury’s Graham, 12-pound
sacke, $11.35,
I"lo ar—Pillsbury’s Whole Wheat, 12
pounds. $11.50,
Flour—Pillsbury’'s Pure Dark Rye, 98
pounds, $9.50
Flour—Columbia Fancy Patent, sacks,
$11.30.
P‘égur—sweet Marie Self-rising, sacks,
$1..30.
F&ur——-Quick Riser, scif-rising, sacks,
$ll.OO.
Grits—Twenty-four packages Purity,
Quaker, $2.85.
Grapenuts—No. 22, 2 dozen 15c pack
;Bß:3. $2.85.
Jelly—Glucose apple in 26-pound pails,
2.78.
' Lard—Compound, 60-pound tubs, 22¢,
Lard—Snowdrift, cases, $13.25.
Maraconi—Fackages, 5 and 10c, $2.20.
Macaroni—Broken, in lhs,, fe.
Mackerel—loo count., 5-6 ozs, Fat
Shore, 18.07.
Meai-—Columbus water ground, 2-
bushel sacks, $3.80.
Milk—Dime brand condensed, 48 cans,
BA3S. v
COTTON SOARS TO NEW HIGHS
. AS HISTORIC YEAR CLOSES!
A e MAAAAAAAAAAAN AAAAAA A A A A A A A AAAAAA A A AAAAAAAAAS
Atlanta bank clearings Monday ....................$9,139,092.30
BARNE YIPR S e T e JRDEIDAY
Atlanta bank clearings for December ............$325553500.37
Same month last year ...........................$123,973225.86
SR 4. % b biainis vais v vt 008 o BEIROBOVE RS
. » % W
Atlanta bank clearings for 1917 ...............$1,605493790.82
Atlanta bank clearings for 1916 ...... .. ........$1,913,996,794.53
SORTOIRE D . evl L o e 0 80D2,408.006.99
Atlanta spot cotton Monday (Sales 1,1756) .................81.156¢
Samie ARy IARY YRRy oLI L L O LIDAY
¥ %
Atlanta cotton statement Monday:
1917 1916
T i eORO S Holiday
BIMDIENIE . Fr it s e st UL Holiday
SUOCRE .oy L Lo et iST Holiday
» .S &
By VICTOR BARRON.
Cotton’s most unprecedented year came to an end Monday,
with values at the highest price since the Civil War days.
Owing to intense cold, the New York Cotton Exchange closed
at noon. During the three-hour session every active option soared
into new high ground, with January reaching 30.82, March 30.35,
May - 30.00, Juky 29.60 and October 28.70. These are the highest
prices ever recorded in cotton futures in the history of the New
York Cotton Exchange.
The advance was due to short covering over the holiday Tues
day, buying by spot people and trade interests. Offerings were
Light. The market closed practically at the top levels. e
Following shows the closing prices December 30, 1916,
o T 1916
QURUATY: U S s aaiatin ot ) 16.64
MATEh. L cul ot iR R esDl Do s s R 16.81
NaV e ol e s G e 17.07
e T e W e B 17.27
DUEOHEY. oo vl e S e e s 15.81
BN et D i eb B 17.25
As a result of the rise in futures spot cotton here advanced 25
poinis to a new high record of 311-4 cents, this quotation being
posted by the Atlanta Warehouse Company. The Atlanta Commer
¢ial Exchange raised spots 15 points to 31.15 cents
At 311-4 cents a pound spot cotton here is exactly 14 cents
a pound, or $7 a bale higher than at the close of 1916. A bale of
cotton today is worth imore than $156 a bale.
T .
COTTON GOSSIP.
Liverpool closed.
* *® *
Cotton Goods Review says unusual
firmness of values in heavy goods; mills
are closely sold up for some months to
come, A great many goods have been
withdrawn from sale for some time as
agents do not waut any more business
now. Business for future delivery ham
pered by many considerations. The
dominant influence is the demand for
merchandise for war purposes and the
decreasing supply of many standard
goods for civilian channels.: Average
rise’' in prices for year, 50 per gent;
many goods 100 per cent. .
& * ¥ ¢
© M: H. Rothschild says that he has sold
the last of his cotton crop at 30 cents
a pound in the New Orleans market. 4
N x 5 ; - * * .
¢ ~Press advices from Columbia, 8. C.,
W that the winter wheat acreage of
South Carolina has been tncreased ap-
P imately 40 per cent this fall.
st 8 ST
¥ Representative ITeflin, -of Alabama, is
reported to bé actively engaged\in op
posing any movement by _the Govern
ment to fix the price ©of cotton. A
Washington dispatch to The Montgom
ery Advertiser says: ‘Representafive
Heflin, of Alabama, before leaving for
home called upon the Director of the
Census, and discussed with him the sta
tistics of cotton, the present supply and
the consumptive demand. Mr. Heflin
has received many letters from Alabama
and other Southern States urging him
to fight any effort that cerzamn spinners
and speculators may make to put dowa
cotton prices by legisiative act. He is
gathering data on the cotton situation
and will be ready to opjose any steps
that would be injurious to. the cotton
industry of the South. In discugsing
the matter, Mr. Heflin said: "“The
United States cotton crop will be a mil
l Hon bales short of the Government's es
timate and the world’s supply of cotton
is not sufficlent to meet the world’s de
mand.’ "
i il Sl
THE WEATHER.
Conditions.
WASHINGTON, Dec. 3l.—Snow is in
dicated for tonight and Tuesday in the
Middle Atlantic Stateg and North Caro
lina. The temperature will moderate
somewhat beginning tonight.
Forecast by States.
Georgia—Fair tonight and "Tuesday;
not quite so cold tonight; [reezing tem
perature in south portion,
South Carolina—Partly cloudy, not so
cold tonight and Tuesday, except prob
aPly snow in northwest portion.
. Florida——Fair, continued cold to
‘night, with heavy frost on the main
land; Tuesday, partly cloudy and
warmer.
Alabama and” Mississippi—Fair to
night and Twesday; not much change in
temperature; probably freezing temper
ature tonight.
Tennessea-—Partly cloudy tonight
and Tuesday. probably snow tonight in
east portion.
AAAA A A A A A A AANAAAAAAAA AP,
Clearings for 24 Years
{E following tabulation shows
Atlanta bank clearings for
the last twenty-four years: ¢
1808 bi 3. T 53011.18
ÜBDG 5.6 of Qi = i 58,589,288.04
‘ IROD o B tivh va wi s 65,318,254.71
BB vl i 69,026,033.17
ABIT. cociinviiviigh - TR000,101.08
1898 Lol iewe i B 71,964,800.08
9 Shaa) v d 83,068,397.11
IO i oo 96,375,251.22
1901 LRI vevves s ITEDD 89,98
R R
PO3 Ui i i TRSREOST.DY
A 0 . fi ee o ADBAZESOIND
1905 ...ccoseooooo. 7 185,026,644.98
MOOB °, . v .oy 2A09NT,806.00
1907 ... 000 .. 2 .. . 264,965,0080.94 ¢
1908 ... e.uines s 230,607,602.65
1908 ouicinnis . ovve-408;089,588.55
191 p saasiish oy e v ok, 04,164,916.77
1911500 e $58,130,420.35
1912.. . i vy oey 691,941,254.20
1913 eaeaasec s o 725,604,192.65 {
T o atvss : 702,410,026.16 ;
191850 &7 BT 0 TR, 00,1 02.68 {
1918 .. .00, .0 1,018,996,704.83
[ 1942 4vooit 's 0350 1,805,493,790,82
fHo . " ;
+ High Spots in Finance |
! $
| ————
| McAdoo calls for conference
‘ with railway brotherhoods
3 Thursday-te discuss wages. -
4- * *
1 Present copper prices fixed
| by Government to stand unti!
1 January 21. ¢
- » *
'; McAdoo to use railroad and
'§ other transportation facilities
in the East in effort to end
! coal shortage in New England . }
| and elsewhere. :
St
The average price of 20 in
ig dustrials, 72.45, off .32; 20 ac- ¢
h tive rails, 79.63, off .23.
12 ..
‘E Crocker-Wheeler Company
'; announces a bonus under
| which its employees will receive
| not less than 10 per cent of
their wages since October 1, S
1917, and during the coming
year. Employees receiving less
; than $2,500 yearly will benefit.
> Employees who have been with
§ the company more than one
§ year will receive a bonus of 12
; per cent of their yearly earn
y ings.
A Ll i S
LIVE STOCK MARKET.
CHICAGO, Dec. 31.—Hogs: Receipts,
32,000, Market strong, 5 to 10¢ higher.
Mixed and butchers, !6.20@16.90; good
and heavy, 16.15@16.90; rough heavy,
16.15@16.30; light. 15.76@16.60; pigs, 11.75
@15.35: bulk, 16.45@16.80.
Cattle: Receipts, 1,100. Market strong
to 10c¢ higher. Beeves, 7.65@14.00; cows
and heifers, 5.95@12.00; stockers and
feeders. 6.60@10.50; calves, 10.50@16.00.
Sheep: Receipts, 7,000. Market strong.
Native -and Western, 6.75@13.00; lambs,
13 00@ 15.80.
ST. LOUIS, Dec. 31. Cattle: Receipts,
5,000, including 200 Southern. Market
| strong. Native beef steers, 8.00@14.25;
yvearling steers and heifers, 7.00@15.50;
i(:ows. 5.00@10.50; stockers and feeders,
6.50@10.00; calves, 85.76@16.00; Texas
Isn-erfl, 6.75@10.80; prime Southern
steers, 7.50@10.00; beef cows ana
lheifors, 6.00@10.00; prime yearlings and
heifers, 9.00@12.75.
Hogs: Receipts, 10,600. Market 10 to
15¢ higher. Mixed, 16.60@16.85; good,
16.75@ 16.85; rough, 15.60@15.85; lights,
16.5566G116.70; pigs, 13.76@15.00; bulk, 16.50
@16.80.
Sheep: Receipts, 1,800, Market
strong. Kwes, 10.00@11.50; choppers anad
| canners, 6.00@9.00; lambs, 13.00@16.75;
wethers, 11.00@12.50.
{ J. F. CLARK’S COTTON LETTER.
| NEW ORLEANS, Dec. 31.—Our mar
ket opened a few points lower on March,
unchanged on May and 16 up on July.
The irregularity was due to opening
i quotations from New York, 20 to 256 up,
;whilo} the first call was in progress and
l?lraddle and protective buying against
the rise in the Northern markets falling
iun the last available trading positions,
11t is thoug{ht that the advance there
,was a continvance of the buying move
! ment on strong spot news of the past
| week and possible speculation on pe
riod ginnings being curtailed by the
very severc weather.
New York voted to close at noon to
day on account of the.intense cold.
While no large transactions in spots
are reported over Sunday spot news
reflects a further tightening of the sit
uation. Factors say many 20-cent lim
titg have been removed and higher lim
“i!s put on holdings.
| WEEKLY DRY GOODS REVIEW,
{ Marshall Fleld & Company, in their
weekly review of the dry goods trade,
say:
The current wholesale distribution
of dry goods for the week shows a
marked inerease over the shipments
for the same period in 1916,
The total volume of road sales for
both immediate and future deliver
ies has been in excess of the volume
for the corresponding week a year
ago.
Merchants have been in the mar
ket in fewer numbers.
Collections continug very good,
il
Bethlehem B Passes 74 and
.
- American Can Reaches 38 5-8.
Other Issues Steady.
NEW YORK, Dec. 81.—Price move
ments in the first fifteen minutes of
trading on the stock exchange today
were aboutr equally divided between
gains and losses, with the. motor is
sues the most prominent feature, those
issues reflecting accumulation which
has been n progress for some days
past.
Studebake: rose 1% to §O% and Gen
eral Motors 2 to 103. United States
Steel was comparatively quet, rang
ing from 88'; to 88'%, and Bethlehem B
also fluctuated within a narrow range,
with prices at the end of the first fif
teen minutes unchanged from Satur
day's closing.
American Smelting was active, ad
vancing 1% to 765%. Texas Company
opened off 1% to 133, followed by a rise
to 135. Union Pacific declined %3 to
113%. Maxwell rose 1% to 26.
At the end of the first hour's trading
Steel common rose to 8) and Bethle
hem B to 74%. American Can common
advanced to 38%. Other issues showed
rallying power.
Stock quotations to 1:30 p. m.:
PR bth sl As i ol OPR NG
| | 11:30 ‘Prev
STOCKS — IHigh 16w 'n.m./Cl'e
Allis-Chalmers ‘| 19 ! 18% 19 183
Ho,opret, 0L bl Vil aianlioe
Anierican Zine . .| 13 | 124] 19 | 115 |
Am, Agricultural .| ....| ....| ....| 6%
Amer. Beet Sugar ‘ 68%‘ 6854 | 68%; 68
b, pret. L. il Gl RS B
American Can . .| 39%| 37 ‘331/2; 36%
aO, pref... . .| 4 sivil ahs 4] REN
Am. Car Fdy. . .| 70%/| 687% | 703%| 69%
Amer, Cotton Ofl .| 263y| 2615| 26%| 26
Am. Locomotive .| 543 | 54%| 54%| 54%
do, pret.’; i conrl paae| pan| 94
Amer, Smelting .| 783 | 75% 78%‘ 6%
do, préet . . o) e
Am. Stcel Fdy. ..| 60 |6O 60 | ;’)W-fii
Am. Sugar Ref. .| 97 'Sfl 97 i 9873
XAmer. T. and T.[103 (1021410231041
Amer. Woolen .| 44 44" |44 43%
Amer, Linseed . .| .... ( vreak BB
40, pref o i ‘ 69 | 68%! 6815 661
Atl. G, and W. I, .| 04 | 94 | 94 |94
Amer. H. and L, .| 12 /|l2 |l2 |l2
do, pref. . . .| 48%/ 47%| 4814( 49
Amer, Malt Corp. .| ‘ sveel van el B 8
so; DReE. ol ol bl by
Amer, Tobacco. . 141 [1893 141 "[13914
Am. Suma. Tob. .| ....| .iuu] voo.]| 605
Anienonn s 6€: ... .ol vhd 10
OE peer. 00, 0. vl e 36
Alaska Gold . . .| IYy 'i¥| "I%| 1%
Anaconda . . . .| 61 | 585/ 61 |B9
Atchison ... ..| 86 | 84%,| 85 84%
Wrai . s Gt
Baldwin Locomo. .| 59 | 57% 58% | 57%
B.and O. . . , .| 533%]| 61%| 617%; 52%
Bethlehem ‘Steel .| 74% | 72%| 723 | 731
go, praf. ..l 97*«.[‘ 0715 | 97%& 971,
o, pref. . . .| 7T4%| 13%| 72%]| 73
BRI, a 0 4314 43”_.l 4351 44 |
Butte Superior . ‘ 16%| 15%1 1684 | 14%
Cel. Péteolenmy: .} . ... .. ’ 13
DY ol vl caail it BT
Can.” Pacific. ;. ./13914]187 (18914138
Coand O. . . . .| b18g! 8114 l 51%| 61%
O and N. | LO, 194% 947,,’.1 9474 s
SO R 1 el e } 353
C.,, M, and St. P, .| 47%| 46%/| 47 47
do, pret. . . .| Tl%| 6%| 1% ...
Chino Copper. . .| 403 40% 403, 40
Consolidated Gas | 8315| 82%' 83%‘ 8214
Corn Products . .| 2915] 2914] 2914 291,
Crucible Steel . . 54%| 51 ]54%1 5214
Cuban-Am. Sugar.| ....|....] ....[lB5
Cuban Cane Sugar.| 27%| 26%| 2714 27
dosprel. sl i a W 8%
Central ILeather .| 64 57% |64 62
Chile Copper. . .| 16 155 16 15%
feolumbin’ Gas . .| ...l iol Ll B
Cerro De Pasco ) covuliion] vivil 20
Del. and Hudson (108 108 (108 [107%
Distil. Securities .| 331/ 3‘_'&,',[ ?,'%%,,l 32%,
e Lo D AR TIT e
do, Ist pref. . | 28%| 281| 281 29
go,MEßret . b bl o ] ot i
General Electric 1130141273, (130 [127%
General Motors . .[lO6 |IOO% [104% 1(-
Goy pfel. . tee s o el B
Goodrich Rubber .| 37 | 37 | 87 | 36%
G. Northern, pfd. .| 90 863, |BO ’ 8434
G, Northern Ore .| 257%/| 25%| 257! 26
Great Western , ; 81| 81| B%| 8%
do, pret. ~ . [Bl g
Gulf States Steel .} ....| ....| ....] 85
Hlinois Central. .| 94%| 94 | 943 93
Insp. Copper.,. .| 44 | 43v.] 44 | 48%
Interboro. . .°. .| 81| 75 xl/.i Ty
do, pref. . . .| 45%%| 4416 156%%| 444
Indus. Alcohol . .{ll7 [ll6 (117 {117%
Inter Nickel . . .| 28%| 27 | 28%/| 26
Inter. Paper . . .| 271! 26 | 2714] 26%
B U Boutheth. .l ....] v...d 264 1P
| 00, PR o b |49
L 3 Bnd T, . .o ] 6161 6% BM] 84
| Kennecott . . . .| 321%| 314| 32| 311;
‘ank:mmmu Steel | 761%| 6% T6la| T4k
‘Lc‘hi;:h Valley . .| b 7 BT |BT | BT%
Liberty Bonds 3%5/98.20/98.30/98 .3('98.42
: do. 4s . . . . .|97.20/97.20{97.20/96.98
L, and N. . . . .[111%[111%4 /1113112
Maxwell Motors .| 26 | 25| 2514| 25
Mo. Pacific (new)), 25%| 243, 24%| 24%
Mex. Petroleum .} 79 | 77%] 78%| 77
| doipret. 0 ee e
Marine. . . . . .| 21%] 20%4| 213 | 20%
| do. pref. . . .| 82%] 798, 8214 80
iMontana Power, |-, ...l o.k aidt 68
' Milam{ Copper . .| 29 | 283%]| 29 | 28%
Midvale Steel . .| 42%! 42%| 43%| 42%
g Liongl Condntt .| c.:il cwal caidt 4%
National Enamel .| 37 |37| 37 3657
| North American .| ....| ....| ....] 41
'N. Y. Central. . .| Tl%| 70%| 71%| 71
N. ¥, N. H. & H.| 32 | 31%| 82 { 311
Mationad Lield .. .} vv, i) saisil il 485
'N.and W.. . . . ./104%'104 [104% /1045
Northern Pacific .| 85% 85 | 85 |B6
*N, Y., 0. and W. 21‘;@] 21%| 21%| 23
'Nev. Con. Copper.' 1855! 1835’ 18841 18
N. Y. Alrbrake. 121 1116|121 115%
Ohio Cities Gas . 38 | 36%| 37%| 36%
Pitts.-W, Va. Coal| ....| ...,] v 25
Qoibßol. o o Lo b v i
Penngylvania . . .| 47 | 47 | 47 | 46%
People's Gas . . . 38 |3B |3B | 373
W el CRE o] st il vaeel BY
| do. pref. . . | oooall cailielsl] 94
Pittsburg Coal . .| 44% 437| 4375| 43%
Pullman Pal. Car.[ll2s/112%/112%11156%
Ray Consolidated.| ....| ....] ....] 22
meading ..., Gl7B 2% T2%| T 2%
@O, Pref. . il ..ol Laeliact JEURE S
R. I and Steel . . 79 | 7% 70 | 774
' 80, Phet Lol il it e
I Rock Island . ', .| 24 23151 23141 24
Ry. Steel Springs.) 477% 47% 477%]| :h
Sears-Roebuck . ./140 137 140 lftf
- Slosa-Bherfield s d oo ok il iie, 37
Southern Pacific .| 84%4| 823 | 83%, 834
Southern Railway.| 241} 24 | 24%) 24%
00, orel LUI il oF R
Studebaker . .. . 0% 49%' 5O 491,
‘ GO 08l . b ceaek iait el 9
Bt LLafa R W, | LW sedilo ] 18
Sinclair Oil . . . .| 28% 285 285 281
W e s 7‘,53 Tl 8Y4%
NO e e sosl ouos 19%
Tobh. Products . .| 49 4835 48% 48%
Tenn. Copper . .| 12%| 12% 12%| 12
Third Avenue , .! ....} ....f ... 10
Texas Ofl . . ... .[137 [133 [137 [134
Texas Pacific « . ..ol coon] ondf 1':;/,
United Fruft . . .| ....1 ....] ... 114%
Union Pacific . .[114% 113%’2‘114%‘1”7/
| do. p!r;*f. gioy et ;ék;' izl Eae ] ‘."2"
U. S/ Rubber . . .| 58%] 56% ObSLg DO
V. B Btes] L. . 80 &8 : 807 | 881 y
do. pref. . . .[10614!'105 1106145i104%
11. Cigar Stores .| 90%]| 9% 50%| 8%%
Utah Copper . . .| 80%| 7814| 80%| T 8
Va.-C. Chemical .} ....] c.0.l ooon) 314
(Wabaah . . . ... 9 | 8% B%} 9
\ do. pref. “A".| 44% |44| 44 | 43%
| do, pref. “B".| ....| ...l ..i.l 299
Western Maryland' ... ....| ....] 142,
Western Union . .| 84 | 84 | 84 | 83
Willys-Overland. .| 21 | 20%| 20%| 327@
Woolworth . . . .} ....] ..ol L., 1("'“1,5
xWestinghouse . .| 40 | 39% 39% 4013
Nhite Motors . .| ..ol cooef 220 l S 0
Wilson Pack. Co.l| 4| 45" 4| 447
xEx:dividend.
HOPE SHOULD BE KEYNOTE
~ OF 1918, SAYS-HENRY CLEWS
By HENRY CLEWS.
In Annual Financial Review.
NEW YORK, Dec. 31.—Over 50,000,000 men are under arms
in Burope, whose energies have been turned from production to
destruction, Over 12,000,000 men have been killed or permanently
injured since the war began, the killed alone numbering over
7,000,000. Over $100,000,000,000 have already heen expended by
the nations at war, and at present rate of rising expenditure the
cost will exceed $150,000,000,000 when thé end of the fourth year
is reached next August.
When it is remembered thatT
for every man at the front from
three to five are required at the
rear for his support, it follows
that between 150,000,000 and
200,000,000 men have been with
drawn from the normal ehannels
of production into the abnormal.l
No wonder that the world is facing
a serious economic famine, not onlyl
in food and eclothing, but also in the
innumerable marterials required for hu
man comfort and support. The loss in
life and money only partly measures the
colossal bill for damages, which will
be a crushing burden for generations.
Such a bil] must also include the set
back to moral and spiritual forces, the
inheritance of bitterness, the detri
mental effects upon art, literature,
science, education and all the varied
social and pelitical activities which are
part of our civilization. These are
losses that will leave their impress
upon the nations for many future de
cades. The material losses such a§
destruction of factories, railroads, ships/
cities, ete., thou§h less important than
those just mentioned, are visible and
more readily offset by new energies
and resources that will promptly de
velop with the advent of peace.
The huge cost of this war can be
appreciated when it is considered that
the six great wars preceding--the Rus
so-Japanese, the Boer, the Franco-
Prussian, the American Civil war, the
Crimean and the Napoleonic wars—
cost about $23.000.000.000, as against
$150,000,000,000, the estimate of this war
up to next August. Great Britain will
then have spent 334.20,000.000. includ
ing $6,000.000 000 in loans to allies, and
good authorities estimate that in these
three vears the warring powers will
have quadrupled their debts, the in
terest on which already amounts so
$5,000,000,000. It would seem as if such
burdens would break the back of any
ration, yet the tremendous development
of resources, and the great potential re
cuperative powers of the various na
tions afford good basis for the belief
that recovery will be more rapid than
expected. This country will recover
with a bound when peace comes, and
the gain from our exports and newly
opened markets will largely offset pres
ent losses. Great Britain will certain
ly recuperate rapidly, as she has al
ways .done after each war. Germany
will make tremendous efforts at re
covery, though handicapped by impair
ed finances and the break up of her
foreign trade. She should not be ham
percd wheh peace comes by retaliatory
toriffs; the?' would only keep jealousy
alive and limit her purchasing power
from the United States. France, too,
will also show great resiliency. One
of the most serious after-war problems
will be that of, deflation; Germany,
Russia and Prfl))ce have trebled or
auadrupled their issue of paper moneay,
England is the only leading nation in
Jurope redeeming its obligations in
old.
" Effects of War Upon United States.
In the political machinery of the
United States revolutionary changes
‘have already taken place and others
are imminent. Within a few short
months Government regulation of in
dustry has been established on a scale
that would have reaquired many years
to put into ¢ffect in times of peace. Our
vast railway syetcm has come under
Governmental control, and is not likely
to return to the old system of scat
tered private management. Rallroad |
‘uniflcatmn will remain, and the ten
dency of centralization promises to sur
'nass the wildest dreams of even a dis
ciple of Harriman, 1
Government ownership is not vet in
sight, but Government control has been
adopted, to the benefit of the public
and the railroads alike. Covernment
regulation of industry has also been ac
coepted on ar elaborate scale, though
likely to be less permanent than in the
casa of the railroads. Control has bheen
confined chiefiy to distribution and price
fixing, the policy of the Government
having wisgely been to allow liberal
profits in order to stimulate produc
tion without permitting profiteering
The policy of price fixing under Mr.
Hoover has been eminently successful
in restraining profiteering, but has not
succeeded in lowering prices; nor is
that possible when the entire world
|is threatened with starvation, or until
produetion has been increased. When
peace comes some of these Government
activities will be closed, al though a
large meagura of control over industry
'nnd trade is sure to remain.
Upon the TUnited States the most
striking effects of war have been a
marvelous expansion of banking power;
the change from a debtor to a creditor
nation, a sensational :development in
‘our foreign commerce; the sudden cre
ation of a great mercantile marine; the
i birth of an important chemiocal indus-
Itry; the great expansion of our steel
industry, and the raising of agricultural
products valued at $21,000,000,000, com
pared with $14,000,000 000 a year ago.
On the other hand, Germany as a re
' sult of war has lost the second place
‘as a maritime power; also her foreign
trade, her colonies, her Far Eastern
schemes, and her chemical industry,
' not to speak of internal political, socfal
and economic derangement and her lost
standing among the nations of the
world., Againgt these losses she has a
' poor offset in the vagied slices of terri
| tory which she has seized in Europe,
| but will not bé permitted to.Kkeep.
, U. S. Banking Power,
{ Perhaps the greatest surprise of the
fwar was our suddenly developed pow
ler as an international banker. Since
the war bezan we have loaned Furopo
over $R.000.000,000, most of which was
!(expvn(lvu for munitions produced with
{in our own boundarfes. We have prac
itir-u“y repurchased all American se
{ curities held abroad. We have ex
tended huge loans to all of the Allies,
and changed from being a debtor to a
creditor nation. For the last twelve
months we have bheen the leading
;Mmking power of the world. In the
{ process we have accumulated a vast
store of gold, amounting to consider
|ably over £2,000,000000. We are the
only country that hes benefited largely
by the war, and this through no selfish
lo'frort of our own. Some of the bellig
{ erents are already on the edge of
i bankruptcy. Great Britain suffered
,relatively less than any other nation,
| excepting ourselves, and will undoubt
tedly recuperate rapidly. But no na
jlion will be 8o well prepared for great
forward strides as the United States
with its increased prestige, its great
!lmnklng power and itge immense and
highly orfi'anlzed industries. What the
future holds in store for the various
belligerents {s not divulged, but it is
encouraging to know that history proves
that all nations have usually shown un
expected recuperative powers after war.
Rebirth of Shipping and Chemical In
dutsries,
Another remarkable effect of the war
upon the TUnited States has heen our
aimost instartaneous leap from the bot
tom as a maritime power to next the
top. Thanks to the submarine, we were
forced to offset Its ruthless work by
. Fertilizer Materials
. Fertilizer Materia
)
; it
{ Beginning Wednesday and
{ daily thereafter The Georgian 3
¢ will carry on its financial page é
quotations on fertilizer mate- |
rials. The quotations will be
furnished by Harry Cohen, lo
g cal dealer in chemicals.
N NS NI NN NN NS NN NN NI NT NSNS P
building ships to the extent of over 1,-
000,000 tons in 1917, while in 1918 it is
expected we shall add another 2,500,000
tons, Our present building program
calls for nearly 9,000,000 tons.
The miraculous birth of a great chem
ical industry should not be overlooked.
Since the war began over $3:20,000,000
have been invested in new chemical
ventures in this eountry. Considerable
of this sum was for the manufacture
of explosives, but much of it has been
applied to chemical and dye plants
that will become a permanent factor |
in American industry. This industry
means another big loss to Germany.‘
and it has still to face a critical period !
when normal conditions return. Ger- |
man competition in dyes and chemicals
after the war will unquestionably be
severe, and in all probability Congress
will be asked to grant some measure of
protection, at least until the ir&dustryj
has been sufficiently established to hold
its own.
Rush of Foreign Trade.
Our foreign trade is expanding at a
tremendous pace, During the ten
months ending October 3 American ex
ports reached " §5,150,000,000. an increase |
of $707,000,000 over the same time last!
yvear. Presumably these figures include
shipments of munitions to the Allies,
but not those intended for our own use.
Imports of merchandise during the
same period amounted to $2,504,000,000,
an increase of $4%4,000,000. This left
an excess of exports for the ten months
amounting to $2.,646,000,000, or $213,-
000,000 more than a year ago. ‘
Hope for the Future.
As we close the year the question
can hardly be avoided, what has
brought this holocaust of misery and
hate into the world? Nothing but a
soulless, ruthiess autocracy, bent upon
trampling over the liberties of the en
tire wofid simply to accomplish its
own tyrannica' selfish ends. The re
sult is a veritable day of judgment
against the worship of force and ego-
Asm which are the basic ideals of Ppus
sianism. Fortunately these idenls are
s 0 hostile to human nature and so in
campatible with the modern sense of
liberty that they must and will be
crushed; the uprising of the whole eliv
ilized world foreboding their extinc
tion.
“ Concerning the future ‘the immediate
outlook appears dark, because, while
confident of Nietory, the price has not
been paid and® ean not be pafd untf!
militarism has been destroyed. Hope
should bathe keynote of the new year.
Equal Suffrage Foes
- .
Insist That Question
Be Settled by States
~ (By International News Service.)
WASHINGTON, Dec. 81.—Suf
frage zealots are busy explaining
just why they are concenirating
their efforts on the Federal
amendment which Congress will
probably make one of its New
Year resclutions. They are ex
plaining the intricacies of their
position to the really formidable
opponents they have found in
“States Righters,” who demand
that the question be allowed set
tlement by State action,
The suffragists contend the
situation savors nothing of ethics,
but is simply a legal method and
the course of least resistance.
For in most of the non-suffrage
States the difficulties are well nigh
insurmountable tnrough some
half dozen classes of technical
requirements which make the
amending of many State consti
tutions almost impossible.
Mary Sumner Boyd, secretary
of the data department of the
National American Woman Suf
frage Association, said:
“Some States have never been
able to amend. Others have had
to submit the same amendment
again and again beforé it passed,
even in the cases of measures
which were not unpopular.”
Because you and every one
else worth reaching read.
The Dally Georgian and
Sunday American they are
The South’s Greatest
Newspapers
You and every one
els¢ worth reach
ing read The
Daily Georgian
and Sunday Amer
ican. That is one
of the reasons why
they are
THE SOUTH’S
GREATEST
NEWSPAPERS
i ¥
Option Goes to 81 5-B—Corn
Rises on Short Covering.
’ 9. % .
Provisions Higher.
CHICAGO, Dec. 81,—The action of the
Board of Trade directors in forbidding
trading in December cats for shipment
during December had a marked effect
on the oats market at the opening to
day. May oats opened slightly higher,
but there was little change in Decem
ber quotations. After the opening De
cember rose to a new high record of
815 cents.
The December-May spread at the
opening was 3 cents or Y%c¢ lower than
at the close Saturday. Later an effort
to cover by scattered shorts in Decem
ber found offerings small and a sharp
advance that widened the spread to 4c.
followed, Irade on the whole was light
and the market quiet,
There was little activity in corn and
opening prices were unchanged from
Saturday's close,
Provisions showed strength at the
opening and prices ranged from b te 30c
higher than the previous close.
~ Grain quotations to 11 a. m.:
Auh low. A M Closs
gh. w. . M. Close
CORN-—
Jan..... 1265 1.265 1.265 1.26%
May..... . 1.26% 1.25% 1.26% 1.25%
Dea. ok A % 80%
@0« vi ik ; 4 4 0
March. .. 7;% ;'_;:,Z 79% 79
May.....>71% y m 77
PORK- » "
Jan.... 45.75 45.60 45.75 46.50
May.... 45.50 45.50 45.50 45.35
LARD--
Jan.... 24.00 24.00 24.00 23.90
May.... 24.37% 24.37% 24.37% 24.30
RIBS—
JBR i XA 23.95
May.... 24.57% 24.56 24.55 24.50
THOMSON-McKINNON ON GFAIN.
CHICAGO, Dec. 31.—Corn: There
being no developments over Sunday of
market importance, corn is llkea' to
continue neglected. Technical position
of the market suggests slightly lower
values, as considerable of the buying
last week was thought to be for short
account. A conservative selling attitude |
seems preferable, as such accidents as |
may occur will favor lower prices.
Oats: Settlement of December con-(
tracts will be the center of interest in
oats market. The directors have ruled
that there shall be no buying of De
cember oats at a price in excess of five‘
cents over the May. All indemnity eon
tracts on December oats good for today
are declared null and void. Country of
ferings continue of light proportions
due rpt only to shipping situation, but
to hold‘ng attitude of the producer
Technical market does not warrant pur
ichases.
; GRAIN MARRET OPINIONS.
l Bartlett, Frazier & Co.: “Short sa
(of corn are unattractive. We do not
care to follow buying side of oats on
the advances.”
l- - -
Ware & Leland: ‘“Receipts will have
to increase materially to make an im
pression on corn futures Underlying
strength in oats will likely continue un
til movement increases."
CHICAGO CASH QUOTATIONS.
CHICAGQ, Dec. 31.—Cor—No. 4 mix
ed, $1.75; No 4 white, $1.75; No. § yel-
Jow, $1.90; No. b mixed, $1.65; No. §
white, $1.65: No. 6 yellow, $1.75@1.78;
| No. 6 mixed, $1.60@1.60; No. 5 yellow,
' $1.60@1.65.
" Oats——No. 3 white, 80% @81c; stand
lurd. 80@82c.
|
Five From Open Grate
-
Brings Death to Loved
(L' -
ittle Postcard Girl’
MACON, Dec. 31.—Widely
.~ known in Georgia asg “the little
‘ poptcard girl,” Georgia Lee Kirke,
~ of Fitzgerald, died here from in-
Juries received when her cloth
ing caught fire from an open
grate recently.
Miss Kirke, who was 18 years
’ of age, was the most widely
known and generally loved child
in Georgia, She used to tour the
principal cities of the State sell
ing postcards she had painted.
With this fund she would pay
her way through school. She
was a favorite everywhere she
went. \
Recently she came to Macon
and entered Wesleyan College,
where she had made rapid prog
ress.
Her clothing caught from coals
from an open grate while she
was packing her trunk at her
boarding house, preparatory to
returning home for Christmas.
H. L. FRANCIS.
Funeral services for H. L. Franels,
former Atlantan, w'o died in Chicago,
‘,wm be held Tuesday morning at 11
o'clock at the chapel of H. M. Patterson
& Son, interment to be in Westview.
'The body will reach Atlanta Monday
‘vvenlng. Surviving Mr., Francis are M.
D. Francis, of Atlanta, and W. T. Fran
cis of Texas. brothers, and Mrs. ..
'navhman Brown, of St. Louis, Mo., a
sister.
GEORGIAN-AMERICAN
WANT ADS are time
savers used by won’t
wait people who never
put off till to-morrow.
Leave with the
GEORGIAN-AMERICAN
* Atlanta’s Want Ad Directory
Read forProfit-Use for Results
W ¥YIL
LN v
YAU (Y
Vanhiahi
Nt DA NN
SN & i NN
AN SRR
AN NN RN ;
ST AN N
Friers 35 Cents a Pound—De
mand for Fruits and Vegetables
Extremely Small,
Business on Produce Row Monday
was extremely small, with demand
corfined chiefly to hotels and restau
rants, Prices were unchanged on all
fruits and vegetables.
Eggs were unchanged at 55 cents
on fresh country stock and 40 to 41
cents on storage.
Poultry is scarce, with friers bring
ing 36 cents and hens 30 cents—
dressed. Dressed turkey was quoted
at 371-2 cents a pound and live stock
35 cents.
There was practically no arrivals
over Sunday and Monday.
Following are wholesale quotations
for Monday: :
POULTRY AND EGGS.
(Corrected br McCullough Bros., Food
Administration License No, G-23347.)
Eggs—Fresh country, 55c; storage,
40@41.
Dressed Poultry—Undrawn, head and
feet on, per pound:
Friers, 35¢ pound.
Hens, 30c¢ pound.
Roosters, 17%@20¢ per pound.
Turkeys, 27%c¢ pound,
Live Poultry:
Hens, 26@26¢ per pound.
Friers, 28@30c per pound,
Roosters, 15c per pound.
Puddle ducks, 25¢ each.
Guineas, 25e each.
Turkeys, 35¢ pound.
VEGETABLES,
SQUASH —53.00@3.25 per crate. S
WESTERN CARROTS—3%c per ib.
EGGPLANTS—§3.OO@ 3.50.
ILETTUCE—~—SI.SO@2.OO ggr drum.
CELERY—California, $5.50@6.00 per
crate; $1.15 per dozen stalks.
ONIONS—YeIIow and red, 100-pound
bags. $3.26@3.50; white, $4.00.
SWEET POTATOES—2%@2%c per
pound.
IRISH POTATOES—New crop, 2% @
3e per pound
CABBAGE—3@3%¢c {)“r pound.
CANADIAN TURNIPS—2% @3¢ per
pound. .
I(‘f‘!:\NRRRRIRS—GOo per gallon or
$15.00 per barrel.
FRUITS.
GRAPEFRUIT—24.OO@4.SO per crate.
GRAPES—MaIaga, $7.00@8.00 per
keg.
efiPPT ES—*s om 7 50, owirng to qual
ity. Pox, $2.25@3.00.
LIMES—SI.OO per 100; SIO.OO per bar
1,
refifl,\\'nvg._.wnrmn 4 95@4 50 box.
TANGERINES—SS 25@5.50 per box.
RANANAR-31.@21%4c per pound.
LEMONS—S6.SO@7.SO.
-
l SOUTHFRN PFLL TFLFOUNNE
. AND TELEGRAPHY COMPANY,
| Interest on Thirty- Year First Mort.
gage Sinking Fund Gold Bonds of thig
’ company e 1941, will he rail on and
after January 1, 1918. upon presentn
l tion of Coupon No. 14 to the Bankers
Trust Companv, No.. 16 Wall street,
New York, N. Y.
"7 J. M. B. HOXSEY, Tredsurer.
Because
you and ev
eryone celse
worih reach
ingread The
Daily Geor
gian and Sun
day American
they are
The South’s
Greatest
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