Newspaper Page Text
8E
THE SUNDAY AMERICAN'S FINANCIAL AND COMMERCIAL PAGE
Strength of Spots, High Temperttures in Texas,
Belief That Acreage Will Not Be Increased,
Chief Sustaining Factors—Bears Nervous,
By VICTOR BARRON.
Pluctuations in cotten centinue in
significant, especially when contrast
od with the wide movements of a few
weeks ago.
‘ The week's net changes were ex
tremely trifling, the option list in
New York showing a gain of 18
t 0 & loss of 7 points, while in New
Orleans futures were 3 up to 2 points
net lower. There were only four ses
?uu during the week, Monday and
uesday being holidays.
While the changes are unimportant
. the market has sustained a firm tone,
“Which many close observers consider
rather significant,
Continued talk of Government price
regulation, the Interruption of mill
activities by the fuel scarcity and in
creased number of British shipping
losses were the most important fac
tors working against the market dur
'.jnhthe week,
. #lenst important sustaining fac
~ tor was the continued strength of
.~ spots, scarcity of white cotton, ab
- sence of rain in Texas and larger
~ domestic consumption during Jan
’_m,mw generally expected by the
8 e. In addition to this, new crop
rmpu:u were not enecouraging, ow
ng to high temperatures in the West,
drought and a growing feeling that
the aereage will not be Increased but
Uttle if any, over 1917, owin to scar
eity of labor, boll weevil, the Gov
ernment’s nampalw for hu\r{) food
and feed crops. This made a bullish
fmpression on sentiment, the feeling
among the hears plainly l‘howln|‘
signs of changing.
liz Short Interest.
; Another bullish {tem was a report
4 t elecirically driven mills in the
~ Carolinas would be permitted to work
~ overtime toflutch up ::u Govommerl:t
~ orders. owever, this was partly
~ overshadowed by Boston advices to
the effect that the “heatless” days
might continue in all the New Eng
; wutu.
4 @ houses, spot firms and shorts
_were the prinecipal buyers during the
- weelk, with offerings coming chlefly
from Wall Street, Liverpool and com
- mission houses. Western liquidation
~ was not in evidence. A blg short
interest is understood to be hanging
over tgo. market and conservatives
‘argue that this element will be forced
~to even up sooner or later. At the
E,mt trading is held in suspense
- wit ulls hnnxinf back in absence
~of outside speculative interest in the
market and fears of political develop
- ments at any moment. On the other
; nd, the bears are timid. over the
firmness of spots and the continued
“Fistn ‘es_of manufactured goods.
L U. 8. Orders for Goods.
i Th vernment continues to place
heavy orders for cotton goods with
_the mills, which are sald to be en-
Joying a large margin of profit at tie
_ present price of the raw material.
" Although handicapped by traffie
~ condlitions, severe cold, fuel shortage
and shutdown on account of the heat
'E and lixhtlefi holidays, domestic
~ mills used 524,08 bales of cotton last
~ month, against 601,381 the same pe
gm last year. However, the month's
3 mption outstripped December’s
"m&, several thousand bales. The
IWWéék’s Financial Summary
Following is a brief day-to-day sum
mary of the most essential financlal
news made public last week:
MONDAY, FEBRUARY 11,
tlanta bank olearings, $8,180,680.99;
& ..‘: $4,145,415.86. =
“&Lco grain closed fractionally
hnr.
American exchanges exocept Chi-
Board of Trade wers closed—'"light.
.m' and ‘‘heatiesa” holiday.
: TUESDAY, FEBRUARY 12.
. Atlanta bank clearings $7,563,833.74;
last year, $3,052,957.48,
- All American exchanges were closed—
Lincoln's birthday,
: EDNESDAY, FEBRUARY 18
Annu apxot“cootton was quoted un
at 31. n
w bank' clearings $8,566,670.90;
lu’l yocg, Lt.us.m.sz
o ork cotton closed 2 points up to
2. lower. Absence of demand
or lesa free selling by Liver
&:l‘ commission houses, caused
o
N:" York BStock Exchan closed
vd ~ All igsues broke uhu-é} fiuflnc
the n{ hour, with Gene! otors
show the greatest bmfls Liberty 48
!flé 10°A new low of 84.70.
hicago ‘galm clo{n«! lower, )yaho'fi;
were uye, of ocorn early,
u&yux::- nhao{!')lng oats.
sual dividend of 3§ per gent—quar
urlyxechrod"onl Bo&e;;m dP.?HII&
quarter end o per
cent lared on &erm De Pasco,
C & Co. declared the regular
quarterly dividend of 18, per cent on the
preferred stock, Ppnnblo March 10 to
stock of record ebmer 19. |
s 81 Comfnny daclared the regu
lar erly dividend of $1.36 and an
extra dividend of $4.76 a nh.nr. both
mnbh‘,mrch 20 to stock of record
18. Prices un? condition cov
erln;u%m:euon and shipments of zine
and u{a are normal uu{ unchanged.
THURSDAY, FIIRUARYJ& ;
’”A‘mu &pot cotton advanced 10 pointy
Atlafita bank olearings, §7,879,775.62;
:hfi y‘%.‘_ku.m.:uu. . —
> aw on closed or
to § ml hma. Trade flfim and
; ?" w&u the leading buyers.
all street, the Bouth, Liverpool and
the ring crowd sold.
New York Stock Exchange closed
Bteady. Rallway issues scored heavy
gaing dnflnf the closing hour, due to
gg declaration of a_quarterly dividend
&?fl;:g- cent on Ui‘ot‘u :lhalflo.
. gaing closed er, lh‘ng
¢ and from shortse and ocommissio!
; caused the rise in oats,
liere' Securities declared the reg
ular quarterly dividend of per oent
- &nd an extra dividend of 112 f" oent,
;Augy?lbls April 18 to stock of record
: .M. Woolworth Com eclared
the regular quarterly dlmo’ 1% on
consumption for the month while
called “small” was better than ex
pected and Increased bullish senti
ment.
An illustration of the firmness o\
spots Is shown by the following from
a prominent Georgia spot buyer:
I never saw cotton go firmly
held as it now is. All the cotton I
know of in my territory that lis
held by other than cotton men
will go into next season unless
the market should reach 0 cents.
Banks never had the money they
have now. In cities the deposits
have increased from 40 to 100 per
cent since lasgt Augru-t 1.
} Larger Mill Takings,
| Spinners’ takings last week again
were small, totnllnf“only 183,000 bales
‘ugamet 231,000 bales the same week
last year, but the takings were nearly
2,000 bales more than the previous
weck.
Exportg for the week, 73,462 bales
against 88,081 the same week in 1817
However, the outgq for the week ex
ceeded the previous week's exports
by more than 2,000 bales,
The visible supply of American cot
ton during the week Increased 15,-
762 bales, against a decrease of 50,
419 the same week last year. The
total visible nuprly of American eot
ton today is 3,160,064, against 8,983,
857 the previous corresponding pe
riod. While the movement into sight
last week totaled 187,269 bales, ot
more than 17,000 bales in excess of
the same wgek last year, the total
amount brought into sight so far for
the season amounts to 9,109,041 bales,
against 10,692,713 the same date g
year ago. |
Bees No Increase in Acreage. |
With regard to Georgia's cotton
acreage this spring The New York
Commercial's State correspondent
sent in the following last week:
I have just completed a trip |
covering about one-third of the
best farming counties In Geor
ft;. thmut’h mud and slush, and I
alled to find any preparation for
this year's cotton crop. The only
plowing that has been done is
where wheat and oats have been
sown.
I talked with numbers of farm
ers, bankers and cotton ware
house men, and the very geneéral
jdea I 8 that the cotton acruge
will not be increased in Georgia
any over 1917. 'They are buying
fertilizer in about the same quan
tity that they did in 1817; that
is they are placing their orders
for fertilizer., Nothing has been
hauled out on the platforms, so
yvou can't tell arything about or
ders until the actual has been
delivered and hauled.
If the Government ¢alls all the
men that have been slued in
Class 1, which it is almost cer
tain they will :o, then the cotton
acreage in Georgia will be re
duced somewhat, as farmers say
. if their sons and tenants are call
' ed that are in the class men
tioned, they will have one or more
mules for sale, and certainly their
acreage in cotton as well as food
stuffs will be reduced in proper
tion. L
By STOX AND BONS.
the preferred st yable April 1, to
lmcrof record m}cr;
Raflway employees' wage demands to
tal about “2.800‘000 annually, aceording
to tenfimnn)i‘ before the rnflway wage
commission Wednesday.
FRIDAY, FEBRUARY 16. J
Atlanta -xfit.‘uonm was quoted un
changed at 81,66,
Atlanta bank clearings §8,266,739.39;
last year $3,000,2838.58.
New York cotton closed 1 lower to 15‘
pointg higher. Trade houses, spot firms
and shorts were the leading buyers.
New York Stock Exchange closed
strong. All {ssues poored viroroua
fnlnl. with Union Paeifio ollmbing teo
18%. Bteel, shipping and lpech’un
were prominent.
Chicago gains closed irregular. Oats
reached a new high record early in the
d.i,'but renotkeid on r:nlhllr:& ’ &
pinners ta # of cotton o
week were ropo?'!od at 183,000 o&tlu.
against 381,000 the same week last year.
~ Subsoriptions to the fifth Itallan loan
exceeded equivalent of $680,000,000, ao
oormnc.fi & report from Romae.
_ Congestion on eastern railroads re
‘duced about 20 per cent.
| SATURDAY, FEBRUARY 18
A?u\tl spot cotton advanoced 5 paints
.\ pank oleart 83,074,685
anta Q ngs, ,488, :
Inat your. §8.018.786.03, gor’:eo{. $46,-
Hhfi 6.29; last year, $29,763,677.85.
ew York cotton closed 9 to 14 points
higher. Trade house buylng and oovor-‘
lng by shorts caused the rise, |
_ New York Stock Exchange olosed ir
regular, Bharp gains were recorded in
mMost {asues, but near the close indus
trials eased off under realizing. l
Chicage grains alosed higher with oats
lsho;ln; a galn of 1% cents and oats
up
8. H, Kress & Co, peported Jenuary
lulu at 51,048,048, an moreufio of §lll,-
ea}x‘n".rn" lp!e‘r o&t over 1017,
owel Tea u.\n
for &hfm‘r woeks ‘KX.I‘ gguu{
o{on.l 068, an emrnd :}l:} -
950 for the ing prelod 1,
a decrease of OIRT.
———————————
WEEKLY WEATHER FORECAST.
WASHINGTON, Fob..st.-—’n\o Weath.
er Bureau today iesu the following
forecast for next week:
South Atlantic and East Quif ln‘,u.
Falr and colder Monday. Pro 1y
rain Tuesday, followed by somewhat
oolder Wednesday. Conditlons latter
part of the week uncertain, but witheut
decided tam\conturo changes,
ost Guif States.
It will be wu‘morflonfiu. Generally
fair u‘. first part of the week, but the
condlt fir;‘l after V&'tfin}:ß are lm:‘oor
uEx‘ w n bability of n @« m
?erlture wltmo rain \mtuog: end of
he wesk.
Ohio Valley and Tennessee,
Cold and fair weather Monday and
Tuesday; rising tempsrature Wednesaay
with local r; 4 The conditions for the
last part of ‘Wwesl are uncertain.
HEARST'S SUNDAY AMERICAN .. A Newspaper for People Who Think — SUNDAY, FEBRUARY 17, 1918
[Week’s Ra
1| Week’s Range
Following shows the nighest and low.
ost nrlu‘o! active cotten options on
the New York and New Orleans Cotton
Exchanges last week, !omolnu with
Baturday's close and net ¢ -ngt‘ from
Friday's clese; also below net changes
for week:
N
Y ’ Sat. |Net
R, H______.___'qufl.’ Low./ Close. l'c'u
Mareh., . . . .;-ao.ug;u.n'ao.n-nww
ey » s .5'29.79\‘2!.40?'.1!-74%"
July. L .;‘g.:q 28..(‘.2!-221-“4
October. .. . .|*28.11/417.85/268.08-04/ 112
e AEW _ORLEANS.
, 7 ’ Sat. " Net
e IHlgh.| Low.| Close. [C'se
March, . . . .“2’.281028..3;!0.!!-.1-0-“
May. . . ~ . .|*28,73/128.46(28.70-73( 18
ST . .‘-g.nvm.wu.'a- +l3
October . . . .|*27.18/}26.80,27.08-10|+ 17
tThursday; |(Friday; *Saturday.
Net changes for week:
New York .. .. «s oo ssee=T; 42013
New Orieans.. .. .. «s +o 48 ——lßl
Btatement of resources and labilities
Lu‘,t the close of business l'.%rury 15 tot
wa:
Resources.
Gold coin and certificates
B VAR Nl e raias ,5,!“,42‘.32'
Gold settlement fund...... 13,772,000.00
Gold with foreign agencies 1,676,000.00
Gold with Federal Reserve
ABIL ....00.050iss0500s $5,008,00000
‘ Gold redemption fund...... 1,224,860.00
Total gold reserve....... $68,771,826.22
Legal tender notes, silver,
M iiesasannsisgrisvgsis .RN
Total reserve ........... $70,406,266.23
Bills discounted
members ....$8,280,96.569
Member bank .
_coll. notes... 2,089 50000
Bills bought In
open market. 6,620,040.64 ’
Municipal war
rants .:...... 133,613.00
U. 8. long-term
Secs, ‘(bds.).. 8,494,260.00
U, 8. short
term Secs.
(ctfs.) ...... 8,016,000.00
Total earning assets.... $28,682,509.23
Transit {tems ~........... 14,079,986.36
National bank notes in
WRMEE . iiii s sanhsssitoees . TR
Mutilated currency for re
demr110n........‘....... 22,000.00
Due from other Federal
Reserve banks .......... 1,914.90!.31
All other resources........ 1,922,686.68
Total resources .........$118,666,669.70
Liabilities.
Capital pald 1n............. $2,876,700.00
Surplus fulld ... coeiseness 40,000.00
Government deposits ..... 2,002,090.87
Due to members, reserve
BCCOUNL +.ovrvvnsrssssees 37,898601.89
Due to non-members,
clearing account ........ §.€19.33
Transit items ............. 12,935,616.67
Federal Reserve notes in
actual circulation ....... 57,262,880.00
All other liabilities ........ 4238,661.44
Total llabilities ..,......$113,666,669.70
Milder Weather
Aids Steel Mills
' Milder weather is helping the res
‘toration of steel mill scehdules, al
though capacity output will not be at
tained for some time, due to the ex
tended breakdown, A resumption of
severe weather would nrin cripple the
mills, as the nJYrou,d situation has not
lm’lgrovod.
he Iron Age reportg mill operations
now at 60 to 70 per cent of capacity.
ghlpmenu are b 0 per cent of normal
estriction of exports is a hampering
factor, while uncertainty of Govern
ment requirements holds back the tak
ing of private orders. The British mis
sion {8 in the market for 120,000 tons of
g_llaten. Ingot output of mills, represent.-
g 88 per cent of the country's ca
pacity, was 2,600,400 tons in January,
against 3,106,600 tons in December.
The Iron Trade Review reports a 10
to 26 per cent improvement In steel
output as a result of milder weather.
Flood dangers at Pittsburg, however,
becloud the betterment,
NEW YORK CURB MARKET,
The curb market opened steady and
closed irregular.
BTOCKS— Opening. Clo !n,.
Chevrolet .... 119 121 120 @l2l
United Motors.. f& B 8 MXNQ 26
Brit.-Am. Tobd., 17 18 17 @1;
Canada Copper.. 2 2% 2 @ %
Alaska ........ % 35 2% @ 3
Oklahoma ...... T 7 717 @ 7}2
Hecla Mines...., 8% 87 Q@ 8
Jumbo Exten... 16 o 15 @l7
Lake Boat ...... 2% 8 Q@ 3
Manhat, Tran.... d
Marcon! ~,..... 8 = SHhQ 3
nglulng sadss e B 8@ 8
Submarine Boat 12 183 12% @lB '
World Film.... %O
St. Of], N. Y,..278 282 278 @2BB
St. Of], N, J.... 568 6562 668 @562
Bt. Ofl, Ca1....228 283 228 @238
Bt. O, 1nd....045 @655 648 @6
Prairle .........478 478 47 47
Ohlo bfl P 888 288
Indiana Pt‘n . M 8 4@O
Houston Ol ... 48 48 03 @45
Cosden Ofl ..... 8 !:2 u.‘v 8&
An(lo-Am. Ofl. lll%@ 12 }1 @l2
Union Tank .., 88 87 gQ@ 88
Q’n’voa;'Oflod,.... 0“ 1(')’ 12
otorta '
Inter. Pete..... 13 n(t 13 @ ll&
LIVE SBTOCK MARKET,
gRICAGO. Feb, m.—-—Ho‘:. receipts,
2.400; markets, lt.rong‘: 250 higher; mix
ed and butchers, 18.H5@16.68; good :n |
heavy, 15..001‘0.60; rough heavy, 15809
}ue: light, ;.‘oo?m. 5; plgs, 18,
5.80; bulk, 16.85@16.60,
Cattle, ' receipts, 6,000; W
sSI Teliare 3 0N dß] stoskers
ows ers, 6. 5 stoo
and, feeders, 7.25@10.80; oalves, u.m
Sheep, receipts, 28,000; markets weak:
;s;flvoléx'\rg western, 10.00018.25; lamba,
g'lf.obbtfll. Feb, 18.—Oattle, ucelgts.
800, inoluding 80 Boutherns; market,
steady: native beaf steers, h.oogu.so;
yurlln: steers and heifers, 7.00@218.50;
cows, 6.00@11.50; stockersa and feeders,
e.oo&:o.co; onlves, t.oo?u.oo; prime
Sou steers 9.000811. 0; beef cows
and )“% caodmo. : prime yearlings
“8 176")%15%* 15 @2O
Ofs, s, 1 0
eA it g
.80; rou v 981 b
1885 siwe 12,0001 50 Ptk 18 Ko 1878
m‘,hup. ts, § rk“, nomi
ly steady; owes, 12.00; chop
rr- and canners, 6. ¥ lu:&s.
14.00@17.76; wethers, 11.50@19.35,
\
~ NEW YORK BANK STATEMENT,.
| NPW YORK.h r&b. 18.—The mkg
\gntmmt of the New York Assoclat
i anks (flve days) shows the following
changes:
Average Statement.
8, {nerease, §3,040,000,
g;uuntl”hex{o-ftl. decroass, §38.362,000,
ime deposits, decreass, §819,000
Reserve, decrease, $40,083,088.
Actual Statement.
Loans, increase, $6,143.000.
,'P).ml ll‘l‘d dex;:mlt;. decru?l. l‘:‘s’&.m
me deposits, decrease. i
llourn.pgocnuo. Q&.So(.fi’.
PN ————
Market Closes Steady, With Gains
and Losses Being About
Evenly Divided.
NEw YORK, Feb. 16.—There was &
steady tone to the stock market at
the opening teday, with the galns and
losses being about evenly divided.
Bteel common sold off % to #6% whue
Baldwin rose one point to 78. Crucible
after opening % higher at 613%, reacted
%,
Atlantic, Gulf and W. I. continued its
upward movement advancing % to 119
l&rtno preferred ylelded %.whllo the
common rose %to #!‘) neral Mo
tors rose 3&“’ 131%, but qulckly re
acted to 130%. Texas Com:ny sold one
folnt higher at 157 and Mexico etro
oum advanced ig‘to 92%. 4
The rallroad shares showed fraction
al advances. Liberty 4& were actively
‘"‘l‘(i::-’lnlenv::f‘on“m-’ t':o“mon' mi
» 24
‘nent feature of ?fl. !fu!l::, movm up
to 10,:);'3. Atlantio Gulf and West Indies |
g_ND 1% from its high point to lll?.
here were some recessions in the late
dealings In the %teol industrials which
had previously been in demand, but
these declines were due almost wholly
to profit taking sales b( th:dprom tak
ing element. National Le was A
strong feature, moving up to §5%.
The market closed Irergular,
Government bonds unchanged; rall
way and other bonds steady.
NEW YORK STOCK MARKET,
Stock quotations:
| |Clos.|Prev
BTOCKS-— High |Low. Bid. Cl'se
Allls-Chalmers , .| 24% 34:2 ua’uzg
do, pref. . . .| 76%| 78 6 78
American Zinc, ..| 16 u& 16 15
Amer. Bast Sugar. 9% 19 oy 18
DR Y T Lot e
American Can ~| 41 40%| 41 0%
R . il Civibsaa B 92
Am. Car Fdy. . .| ....| ....| 74%]| 74%
Am. Writ, l;uiur. 25 25 26 5% o 4
Am. Cotton Ofl, . 31;/2‘ 3114 31& 3114
Am. Locomotive .| 63 629 62% | 6314
Amdoéu?erle%?dir' ol sasod ceidy “%! 21%
Amer. Smelting.’ ." 83%| m‘! 837% | 831,
Am. Bugar Ref. .[ ....| ....108 [106%
Amer, T. and T, .[lO6 {IOB 106 [106%
Amer, Woolen ~, “:2' 53% |64 52
Amtér. le{;eod .. 83% | 83% g:% ;I:A
:tl. (?!. l?:n:‘l Vgfl 1120 ‘11;'!“!}:3“}5;3
mer. H. an J
oBN .. ggni Zs 169| 87
Amedra M-lt{Com. ““1’“ Il&?xg
0 B ol f
Amer. ¥oba.cco . /168 ‘IGC 1166 [IOO
Am. Suma, Tob. .| T4%| 74%! 74| 73y
American lee. . .| ....{ ....| 18 |lB
AR s LR
BIOREE TR . i ot 2‘2
Anaconda . . ~ . .| 8414] 63 | 6414] 631
Atchison, . . . . .| 84%4| 84% 8415) 85
i go,lprc{. Rl sel ‘\f)igfl):z
Baldwin Locomo. || 78"} 713 2%| 134
goomdrgherie. ol it 8l @ :;-,.
. an R
Butte Cop., Zine. ,‘ 10%| 10%! 10%/ ...
Betglehem Bteotl W sy sl asest R zg
By RO L daoed el wiis
| do, gret. « o+ 5101 1101 1101 [lOl
g drg i e
Butte Superfor . . “a »2 213 1y
Cul.d Potml;um el 2% 17 17 }g ‘
L & s da Gl e |
Can. Pacific. ', | |46 ius 14614714
((:. ang g_ g s e b 4 54 g;
o, an N AGeilis widl iol B ‘
Colo. F. and I. .| 89% 39‘{2 89%[ 38%
C., M. and St. P, .| 43%4| 43 43% |43
Chino Copper ~ | 443 | 48%| 4414 43 ‘
gonsolldn'ed B 3 NN
orn Products ~| 848 | 843¢/ 343/ 844; |
Crucible Steel ~.| 617%/| 80 6134
Cubl:n Cnn: Sugar.| 82 81 32 g‘l,
AR el e) Vi ‘
Central Leather, .| T 13% 0% TIY%! 70
Chile Copper. . , .| ~..| ....| 16%] 16
CRINMEE Gaß 4 J voo 00l Lol 88
Gerro De PR X 8 Lesod il oo 3;
Continental Can .| ....| ....] ....] ®
Del. and Hudson .| ....| ....1110 [ll2
?inttfl. Securities .| 40| 403 0% ;4&
do. Jat pret. | 11 v 24y %
0, PEE ol SRt il s
General F{l,e(‘trlc {l4O 1140 ‘l4O 140
General Motors. (13114128 11307% 131
Goodrich Rubber .| 47 463 4615 47
G. Northern, ptd, .| ....| ....| 9114} 9,3
G. Northern Ore ..| 20%| 28 | 287 2
Grezt Wu'tern sistivs ol dine 2‘17 2‘{
o, pref, . s Y wive
guif States steel’| ;1| 10 81 |B3
Greene-Cananea ..| ....| ..., 42}2 1%
Punoa.cc“ml i 23& %"le 3;1 } 23“
nsp. Copper. ~ . |
Intogboro g ¢ Dl e 42!2 4:%
o, s il i
tndus. Lloohoi .. 12634 (125" "[125 1124
Inter. Nickel .. .| ....| ....| 28%| 328
SORRE PRBEF - | Ll o, 315 31%
K. Q. Bouthern. ..| ....| ....| 17
ol T i W Rl e la
AL . il s ;
Kennecott .. . . anfi 83 as& 3
ck. Bteel ~ ~ .| 7744)\17%/| Tl44| 78
RN Yaley . 1 ..ol ol e
and N. , . , (113 [llß (118 118
Maxwell Motors .| 28 |2B |2B |2§
do. Ist pref. .| ....| ....| 613%] 61
Mo. Pacifie snow). 28 23 28 2!&
Mex. Petroleum .| 98 92 93 02
Marine. ..., ..| 2783| 2845/ 87 26&
do. pref.. . , .|IOO 98 99 98
Alamt Copoer - | §i3! 33| Sl St
opper , ,
Midvale Steel , . (5& 46‘2 65& 45
Natlonal Conduit ' 177) 18 |lB ‘ll
National Enamel .| 46 4450 44! 44
North American .| ....{ ....| 45 |4§
IRt o] 70& T 14%
N¥,N H & H|....|....] 890%1 28
e W " g 1061410 % 10%
§u§hagl led lge .| 88 88 ;g :g
Nev, Con, C?iper. 19 19% | 193 19
N. Y. Alrbrake . “ «.00 (1239 127
Ohlo Cities Gas. . 41& 41 41 41
s Conl K 1 104) 1)
‘Pen van bl
oowo AN . . “n 4814 Osn 46
et - | 8080 1 iy
¥ Consolidated. #& u& u& 24
BRI . i i v TR 1T
1. and Steel ~| 18 ‘Hu 18 [ %
k Island ~ . .| 31 |%O a 1
. Bteel Springs.| 54 |54 | 63 jsm
Sears-Roebuck . .156& 58 (1556 /154
Elou—!he!fleld . o] 88 48 49 48
tgorn fiucmo .| 86 | 8534| BGly( 85
Bouthern Rallway.| 24%! 38§ | 2315| 24
do. ares. & N 69& g! 503’ 68
Studebaker ." . | 51i4] B 0 l
do, pref. s LSRR tas il DB
St. L.oand 8 W...| 1.0 i 1 1
g&ncll.lxl;OIl oo a] STHL BT l; 87
RR R SRI et
Tob, i’roaum .| BB| Bads b4y 64&
Tenn, Cogxor E o] s v SR T AR
;hird VIS ] oaaeel e &8’ &0
exas Ol , . . . .[l6l "(15644/165% /1
"rr.x&moln: i tge s |3
n m> fi »&
Uni?’n ffl. . .nn&lum 118 'l}lza
o.l{re. P ....’ beeek Rui'e
DU . ) i) sl T
& ag Steel . . . ! nkl ’“,{B Lg&‘
PRI ol isiba] vk
B - Y| 0y HE
;rv..;s.‘h&emxéai v Coveleves @ '«.)a
do. pref. "A".l S oot il BB] 4N
Vot Ve eiR 68 Ny
| > 1 18%) 184
géonoflh vy wiol sane] grrs 318 Ill’.
Frihgemy -i) ikl g
Wilson Pack. Co..| 81| bii4| 85" '] S 8
Lib. 8% 'q:‘:ogd 97.80}98 08
U. B, 8 . .|9R.00/97.90/98. é
do 18k 48 bil Lol “'2
ao.g{'&. ok oalle silod biloe
Anglo-French bs . !‘ cidel W
Ideal Weather Is
- - .
Big Stimulus to
Allßusiness Here
RADSTREET'S review of
B business conditions here
for the week ending Fri
day, February 18, follows:
Wholesale and retail: Trade
manufacturing and industry
continues active.
Bplendid weather conditions
have greatly stimulated both
wholesale and retail trade. De
partment stores report heavy
volume of business, part of
which is attributed to soldiers
and others stationed here by
reason of the cantonment.
Grocers, restaurants, hotels
and soda fountains are doing a
large business.
The fuel situation ha sim
proved and manufacturers are
working fuil time.
The railroad congestion is
beinf cleared up and the roads
have resumed solicitation of
freight.
Farm work still is delayed
on account of wet soil, but
with a few days of sunshine
work will be in full swing.
SPOT COTTON,
Atlanta Commercial Exchange quotes
go?d middiing, qmd, 31.70; g:lu 631
ales. )
Atlanta Warehouse Company quotes
good middiing 3134.
Liverpool, middling, 23.53 d.
New York, middling, 31.45.
New Orleans, quiet; middling 30.38;
sales 480 bales.
Charleston, middling, 30c.
Wilmington, nnddlln& soc.
Galveston, quiet; middling 30%.
Savannah, steady; middling 30; sales
1,687 bales,
Phlladelphlt.‘guiot: mlddlln! 31%.
Norfolk, steady; middllnq Oe.
Beston, quliet; middllnf 31.20.
Little Rock, steady; middling 30%.
St. Louis, steady; middling Z'fl%.
Montgomery, firm; middling Bic; sales
127 bales.
Dallas, steady; middling 30.10.
Houston, quiet; mlddllnf 30.35.
Mobile, nominal; middiing, 30%.
Memphis, steady: middling 31%.
DECEMBER RAILSOAD !ARNIN‘QB.
December reports to the Interstate
Commerce Commission from 98 steam
rallroads show, in the aggregate, the
following operating results:
Dec. gross ......549.172.91‘! $140,283,043
Net oper, rev. .. 30,192,888 42,510,899
Bal, aft. taxes .. 214425156 36,353,377
12 ‘mos. gross. I.m§m.ml,u‘r.m.zo
Net oper. rev.... 508,846,250 554,045,648
Bal. aft taxes .. 409,155,604 480,766,175
SEMIANNUAL STATEMENT
For the six months ending December 31, 1917, of the condition of the
Atlantic Life Insurance Company
OF RICHMOND,
Organized under the laws of the State of Virgina, made to the Governor of |
the State of Georgia in pursuance to the laws of said State.
& ufl’lrincipal Office—Ninth Floor, Virginia Railway and Power Compmy‘
uilding.
I. CAPITAL STOCK.
Lo Amount of clpithl MR ... Gy i e S sty $300,000.00
2. Amount of capital gtock paid up in cash ... ... .oo .s 300,000.00
11. ASSETS.
1. Market value of real estate owned by the com-
BRRY s ShY ke ake ke Bldady ebs wen o rißßi RN
If {ncumbered, to what amount.,, .vo see vos soe o 0 $14,015.08
3. Loans on bonds and mortgage (first liens) on real estate. 8,074,395.41
3. Loans secured by pledge of bonds, stocks or other mar-
HORRDIS SOLINSNRREN .07 "o sl e Sl i i xel 28,920.33
4. Loans made in cash to policy holders on this company’s |
POUCIN SBsianod A 8 CORBLOFRL s v : “ar ssv shs sas sses 643,206.04
6. Premium notes, loans or liens on policies in force ~ ~ 50,191.22
6. Bonds and stocks owned absolutely, par va1ue.5187,400.00 |
*Amortized value caried out ..., .. .. .. ~ 161,585.61— 15!.58{.61 1
T 00l I OUIRDRNY'S O i ‘iviisi t3s Fia 's%s bes an 8,831.37
8. Cash deposited in bank to credit of COMPANY +4 «o o 0 o« 139,472.07
10, Interest due or accrued and UNPAIA ... ... .ee eoe stos +s 48,010.09
15, JREORNE DAIRREE .- vis vhs Firabeises sbd ANy ais Bis 88,477.45
14. Net amount of uncollected and deferred premiums (de- ‘
duction 16 per ecent for average loaning from gross ‘
BRI ¢ R R b et v e b AR A i 53,763.61
15. All other assets, both real and personal, not included
SRTPIREREAIN {oy Syt e e LAt e vk Ha Al e s 14,169.98
TOLAL ABOEEE .(. o o soasasss vomoaie dwe dae Mos §SO spass - ShIBEHETIE
Less agents’ Dalances ~. csvs oeree ve o 0 oo ..988,477.45 |
Less commuted ren’l, cOMS, .o sene os oo o+ +. 8,632.48 |
Less furniture and AXtures .. <.ve <+ oe oo 5, 8,000.00 |
pr——— $60,109,98
BONNEINE DURIAR 105 oroinin sonae vvi yos spasuiise so- SRIDRITES
*One hond at market value.
Hi. LIABILITIES.
1. Net present value of all the outstanding poli- 4
IR T BBER s bt A v dvkeoas s oo DRI RER Y
Deduct net value of risks in this company, re
insured in other solvent companies .. ... 67,129.14
DAL PrOMIUIE YOEBETN ~ . i e et sssene as The 30.245.:097.88
2. Death losses and mutual endowments due
AR VR i S e e M N ke 11,691.00
TR D G i By dner s s ah ek N 11,691.00
7. Dividends declared and due and remaining unpaid ..., .. 8,850.18
8. Dividends declared, but not yet due ... ... ... ..es. 238,988.98
10. Amount of all other clalms against the company ... ... 191,163.18
2L CREN ORBEUERE sos pinons pos “halved spaiaes nes ass ses 800,000.00
I 5: TNINS AVar S HEPIMEIaR o 6 50 iio Mad see W MEN el 226,226.3%
SPURAE TRDRIIMERE .00 des singeeinent i N ks e BESTEEE2 48
V. INCOME DURING THE LAST 81X MONTHS OF THE YEAR 1917.
1, Amount of cash premiums received ..., .., ... ... ... $578,150.31
3, Amount of notes received for premiums ... ... ... ..4. 74,431.81
S DR FORRITIIR o 0 sVi - Nah husire el anh W e hh. ok 128,537.28
4. Amount of Income from all other SOUrces ... ... vv. voe 13,338.62
TR SEORIIE v v aciva e v ST A aRE e $794,457.97
V. DISBURSEMENTS DURING THE LAST SIX MONTHS OF THE
YEAR 1917,
LTR M GTIAR R i A e ..873,409.1?
Ne e T
3. Deduct amount received from other companies
for losses or claims of policies of this compa-
BY PRREIIAE i s i e s va s o DERDS.BD
Total amount actually paild for losses and matured en
s SRR SN W N sS B o $65,900,14
4. snnulmnu sha i WEE R SN v g A TR Kk hes 1,610.00
SEMOTTUREEE IO *s i/ asi 2as ook mes tHE ey Nah e 86,485.99
6. Dividends paid to ?olicy holders or others ... ... ... ... 657,841.20
7. Expenses paid, including commissions to agents, and offi
b B DR SR sSR Te s MO 800,008.}7
B T DR i s vun At R MR e e et eek ib3 6,670.14
h.,’All other payments and oxpenditures ... ..o soe soe 00. 18,024,158
T el SO s ivh o ats S 5 s wes i i TRRR BT NE
Greatest amount insured in any one risk ~.. ~ $10,000.00
Total amount of insurance outstanding .. .. ~ 36,518,647.00
A copy of the Act of Incorporation, duly orrtified, is in the office of the
Insurance Commissioner,
STATHE OF VIRGINIA-City of Richmond:
Pcnounl appeared before the undersigned Roy M. Jones, who, being
duly sworn, deposes and says that he is the Secretary of the Atlantie Life
insurance Company, and that the foregolng statement is correet and true.
ROY M. JONES, Secretary,
Sworn to-and subscribed befors me this 14th day of February, 1018.
Pl tiiiog e WALTER CHRISTIAN,
Clerk of the Hustings Court of the City of Richmond, Va.
,Buylng Increases After Call, Car
rying Values 11 to 16 Points
Net Higher. ‘
ooy i
NEW YORK, Feb. 15.—The c¢otton
market opened steaay today, with
grlcu at a net gain of 3 to 1€ Points.
emand increased after the call and
values rose 6 to 9 points above the
initial range. Trade houses and
shorts were the leading buyers. |
rfl:{ofl- of rains in Texas had little
e .
The market continued firm in the final
hour. The close was steady at a net
advance of § to 14 points,
NEW YORK COTTON FUTURES,
Telalalal 1l
Plglyigl BB
Xov [io:l3[3o:sßliacislao 30180 1320088 04-11
BA‘p tl‘“? |§s.72
Yy |20.65/29.79/29.65129.73 39.1 +74/29.63-63
Je I 9.41 [20.27
‘le 29.16!29.80/28.16129.21 ls.n-n 20.07-08
B v codivi sl et vy s TR 28.81
AE A
Qo (28082811 u.gn.oa,n.og- 419102
Dec 127.80/27.80/27.80127.80/27.76-78/27.64
Closed steady.
NEW ORLEANS COTTON FUTURES,
lu| glr s é'éé
s m!3 §
My [2003]36.38 36:)39.78] 34 3838 24.05-01
r i b w 8 29, .28- .06~
s bel .....‘zs.zs-so;zg.oa-ow‘
| 28.61)28.73/28 68)25.73/28.70-93/28 5553
Jo [l a 8 018138 668
Jly ZG.IC{IG. g.wln.:s .23-25/28.10-18 |
Oc [26.98127.13 .08127,0621.06-1 26.91-94
De [26.97|26.97|26.9726.97|26.96-47/26.81-83
Closed steady.
ATLANTA COTTON SEED PRODUCTS
Cnt;e oil, basis prime—February and
March, 17%.
Cotton seed, 7 per cent ammonia—
February and March, 47.50,
Cotton seed meal, T per cent, Geor
fia commoa rate point—February and
arch, 47.50.
Cotfon seed hulls, sacked—February
and March, 24.00@24.50.
Cotton geed hulls, loose—February and
March, 19.50@ 20.00.
Linters, elean mill run—February and
March, 4%@5.
MONEY AND EXCHANGE.
NEW YORK, Feb. 16.—Sterling ex
change was steady with business in
bankers' bills at 4.75; 6-16 for demand;
4.119? for 60 aays bills and $4.70 for
‘ninety days' bills.
NN A A NMNI NI NN NN
f Fertilizer Materials t
C ted by HARRY COHEN,
Unlu:ra:ho %od Admlnlma{lon Ll
cenge No. G-27360.
Vitrate of soda, 95 per cent, ex ves
ut 100 pounds, M“z“; futures, 100
pounds, “4004.45.
Sulphate of ammonia, bulk, f. o. b.
B}:mmou. 100 pounds, u.ooo‘v.{a; .2x
& ate of ammonia, b%lk ’{. 0. b, New
ork, 100 pounds, $7.00@7.26.
Blood, o. a. 1. Atlanta, bulk, per unit
ammonia, $7.15; tankage, f. ? b, Chi
u‘o. bulk, per unit Ylnmol;l. $6.26
6.85; tankage, f. 0. b, w York, bulk,
per unit, ammonia, “.4566.50.
Nebraska potash, c. a. f, Atlanta, per
unit potash, $5.40.
~ Camp Gordon manure, f. 0. b. Atlanta,
per ton, nominal,
- Ac ho-rhau, ¢. a. f. Atlanta, bulk,
per gn? §l6.
Tobaceo stems, e. a f. Atlanta, per
unit potash, $8; tobacco ltogu. c. a &
AtlanL. per unlt, ammonia, $8.40.
”zhw bone meal, f. o. b, Philadelphia,
fl. ,¢.& f. Atlanta, per 1,000, $325.
So’: bean meal, f. 0. b. N. C. DOf:ll.
;V. per oent t:.r:m‘o‘n,lsg. $6.55 “peli unit;
cent po ’ o unilt;
celr}gnvdhblo phocphor&.:dd. ‘1.38 g:;
un
Peanut ofl, $1.36, in buyer® tank cars;
in barrels, $1.89, Mfu furnishing bar
rels, price f. ¢o. bl mill
Peam‘t hay, $26.00 f. o. b. Atlanta.
Velvet bean meal, S4O f. o. b. Atlanta
Peanut meal, $47.60 per ton f. o. b.
Atlanta.
U ———
NEW YORK COFFEE MARKET.
Coffee quotations: .
Opening. | Closing.
JORURTY. 3«¢ « 3 esesme-s: ] S 0 3.
e IREL R %91 7.93
flrfl. s 5 s s o seesmeess | $950 808
ssy +6B 5 .50 sensmess iBO Al
TUE: o s 8 o ol sesamecas 1 B 000 BIN
July, ~. ... 8.156@ 8.20| 8.28@ 8.29
UMY 5 ss n. 8l srsisiesss 2.35 l.sg
September. . ..| 8.30@ 8.40| 841@ 8.4
SO s s 2 D reeomerar | BAGER BAD
BNOVOWBY »& o of gonieseyss g.n 8.58
December ..,. .| 8.46@ 8. 56@ 8.5
ATLANTA COTTON STATEMENT.
Saturday. Bales
gglcoptl R gess o W dopripapindy g i g y :g?
me: 208 oßslrsanassrsnsessnst. il
Stflgkl n'?.........................49,152
COTTON SEED OIL.
Cotton seed oil quotations:
Clonlng}.
DR (i D e an e debt we v TR
FOUTURIT oo oo 66 ot ue o 0 « 3070 NI
BOPERL, s ss vo evvin ov 8020 DI
SIS o 5 siiay ks be ve Ne BDED NS
MY Vs A r7epine e wRRES BN
G L vh 40 h Gaiae ak iR NS
Closed steady. Sales 200 barrels.
SEMIANNUAL STATEMENT
For the six months ending December 31, 1917, of the condition of the
- . :
9
Pan-American Life Insurance Company
OF NEW ORLEANS,
Organized under the laws of the State of Louisiana, made to the Governo!
of the State of Georgia in pursuance to the laws of said State.
Principal Office—Thirteenth Floor, Whitney Building, New-Orleans, La.
I. CAPITAL STOCK.
BRI A SRR SR . L el $1,000,000.00
2. Amourt of capital stock paid upin €ash ... .e: 2o see . ™ 1,000,000.00
11. ASSETS,
1. Market value of real estate owned by the com- e
PRBY: sariibds bpr ok 941 Th T Ikse anm-assedißLilL AP -
If incumbered, to what amount... ... ese'eos ».. ... $122,584.09 ¢
2, Mortgages (first liens) on regl SUNRRD s dna siv kN ew 3,170,240.98
8. Loans secured by pledge of bonds, stocks or other mar- -
BANND BOEEBNINAR :o3 cdn hoabibiuivoihiissh g 5 vednd 17,500.00
4. Loans made in cash to policy holders on this company’s .
policies assigned as gollateral... ... ... ... ..., ... 938,302.94
5. Premium notes, loans or liens on policies in force .. .. 45,171.20 .
6. Bonds and stocks owned absolutely, par va1ue.51,423,561,12— 1,428,561.12
% CEh I SRanns SURE ... i e b ihe v sdereeds 200.00 -~
8. Cash deposited in bapk to credit of company ... ... ... 200,070.92
9. Cash in hands of agents and in course of transmission .. 6,764.64
10. Interest due or acerued and UNPaid ... ~. v.. ses sovee 105,989,11 - *
15, ARIVE DEIRBAE. 105 ohs 000 859 825248 2ar B> 5% 233 bue 48,792.564
14. Net amount of uncollected and deferred premiums (deduc
tion 20 per cent for average loaning from gross
BIRPGREY Gs+ sFi vpr.irea A€wseg Seeiva’ Ghh sy g 103,413.68
16, All other agsets, both real and personal, not included here-
BRI oov Gis. Y AR eed les B s LY 48,647.18 ~
DOEE RO sio§ b irid At e R s iy GBS TREAIN
1. LIABILITIES. ‘
1. Net present value of all the outstanding poli-
GLOD 10 FOYOD 20y vos ianeigng soss ob oy »e 86,188.484.78
Deduct net value of risks in this company, re
insured in other solvent companies .. .. ~ 72,867.02
Mot DISIDINNS PUPRYYS o 0 10t Beocs si obnses ran e vre 54D8R.505,78 2
8. Death losses and mutual endowmgnts in proc- .
ess of adjustment or adjusted and not due. 48,858.58 &
4. Death losses and other policy qla.lml resisted
PY the SOMMPARY .oi vus sie 'sorv 45 Wb mith 87,468.67
Totll DN SIS 00 he. iiiv avh L e 86,322.25
8. Dividends declared, but Not Yet Aue ... eee ces ses oos 84,997.78
10. Amount of all other claims against the company ... ... 481,991.86 *
1 GOO PRI 200 00s 00t Evs snienn. ips van w 3 ¥ones ‘se i+ LAODODODE
38, 'Burplus over All UaDILIMs v svuoe ois cos 2ot oße oo 565,108.62 ~
g ———— 1
Totß] HabiNtles cr cov voe covnre way cue wsa ser o - 5683518887 ™
IV. INCOME DURING THE LAST SIX MONTHS OF THE YEAR 1917.
1, Amount of cash premiums received ... .v. vee sesesesns $814,676.21
2. Amount of notes recelved for premiumsg ... ... ..o ... 28,638.04
8. Interest Sna YNELE PIOBIVEA .v. . .usr soi She eal sy BE 158,861.22
4. Amount of inceme from an‘ OLRAY BOUPORE oo s<s sos (ree 21,514-34
TOtad IDOOMS 10y ¢0 srainns mens bee ape sse Sheteiy L 988,590.80%
V. DISBURSEMENTS DURING THE LAST SIX MONTHS OF THE
YEAR 1917,
L TOMINE B iy e iey ey esian phod B L BIE TN ES i
2. Matured endowments pald .. .... ..., .. .. 2,000.00
SOEDEher by Fha g oRETE esrvce i NSO
2, Deduct amount received from other companies
for losses or claims of policies of this compa-
BY DRNEAR (Ui i v e 7,700.00
Total amount actually paid for losses and matured en-
ORI o )50 s g ipa v sil i RON $111,051.62
R R IR el O SOe i i o gl 240.00
5. Burrender policies and all other payments to policy hold-
DA ShS BT b Y eMR i s iy ek 158,638.27
6. Dividends paid. to policy holders or DURAE sks are ek an 6,464.39
7. Expenses paid, including commissions to agents, and offi-
OREE RPIIN o sve cor baasta gy R A % 897,677.03
Nt T OO SSN G O i ope aps ase 18,949.03
TR ANNEREMRAIES i) 00s i s TUE S $693,020.34
Greatest amount insured in any one risk .. .. $200,000.00 S
Total amount of insurance outstanding .. .. .... 47,883,591.00
Of which $190,000 is reinsured.
A copy of the Act of Incorporation, duly certified, ig in the office of the
Insurance Commissioner,
STATE OF GEORGIA—County of Fulton: v
Personally appeared before the undersigned A. J. Shropshire, Jr, who,
being duly sworn, deposes and says that he i{s the (eneral Agent of the
Pan-American Life Insurance Company, and that the foregoing statement
is correct and true, A. J, SHROPSHIRE, JR.,
General Agent.
Sworn to and subscribed before me this 16th day of February, 1918.
MAGGIE E. HUMPHRIES,
Notary Publie, Fulton County, Georgia.
. e e e ————t
:R . n G I { ’ :.,
- .
632-63? Healey Building Atlanta Ga.
L =
| 2 .
Shorts Active Buyers—~Final
- Prices Up More Than One
-7 Cent—Corn Dull. }
| CHICAGO, Feb. 16.--Reappearance of
unfavorable weather conditions are ex
pected to check the movement of gralmw
to markets gave a firmer tone to the
market in oats at the opening here to
day. There was some scattered buying
and a littlé short covering, but offer
ings were small and trade light
Strength in hogs and smaller receipts
caused scattered buying orders was
found offerings light and made a higher
range In provisiona. Opening prices
were well above the previous close.
Local traders bought corn at the
opening, but the market was featureless.
Prices at the start were about unchang
ed from yesterday’s finish.
Corn closed %to 3% higher. Onts
olosed 1% cents higher and provisions
ended with all months sharply up.
Grain quotations: o A
Previous
High, Low. Ciose. Closa.
CORN~—
March.. 1.27& 1278 1.3’1& 1.27&
May..... 1.28 126% 1.26% 1.26
OATS—
March.... 85& 8454 85% gb&
8ay...... % 8215 83% 2
FORK—
May.... 48.00 47.78 47.99 47.67%
LARD—
May.... 26.25 26.17 26.20 £5.95
July.... 28.17 25.90 26.10 26.85
RIBB—
— 35.87% 26.15 25.27 25.07%4
July.. 25.80 25.56 25.65 256.35
CHICAGO CAR LOTS.
CHICAGO, Feb. 16,—Following are re.
ceipts for Saturday:
WHERAE cocscorrsroscaprsapspsnsosces 5
BN ieecssssohsttoniscisoanscenscw, DUP
EERE ovsinvsvaveniassissenvesesessen AN
_Hog’s eb i bbb ablns BCA YLs2sl U 0
CHICAGO CASH GRAIN.
CH.!CAGO,T\ Feb. 186.—Corn, No. 5
white, 1.66; No. 5 yellow, 1.45@1.50; No.
6 mixed, 1.30@1.38; No. 6 white, 1.55;
No. 6 yellow, 1.33@1.45.
Oats, No. 3, white, 88@89¢c; standard,
883 @B9%ec.