Newspaper Page Text
Cotton Rises 85 Points, Then Drops to New Lows, as the Result of Fresh Selling; Trade Awaits President Wilson’s Message
CRu?P 11,565,000, SAYS WEIL;
Bl DROP IN NEW BUILDING
) By VICTOR BARRON. I
Atlanta bank clearings Monday . .. ... ... ... $11,639,24487
Same day last year ... ... .... ... ... ... ... . 10,779,47226
TOEERIEE . ..o hee v o s o cd IRTES
ame day last week ... ... ... ... ... ... ..$10801,52390
BRI TIE oi. Cii oo s, L. o eee v BRI
' . * .
Atlanta cotton statement Monday: .
; 1918. 1917. 1916.
IR ... v Mt cen weaa e BB 3,368 1,645
Dei ot s Abonins inat TR 1,373 1,571
B oca e s heeees NG WL TN
Sales—None
. . .
ASianta spot ootton MonARY ... ju. cow oo cevnin +.7.. 17000
BB MR ... .. cc. s e sakiaed sew dae eBO
TR T e o S N R
DI B ol waeas aisia s ase ANR e s SRADO
a 4 &
New York futures closed 35 to 65 points lower.
5 * * .
The old adage, “All goes up is bound to come down,” held true with
vegard to cotton Monday. ;
The opening was strong, with trade houses and shorts the leading buy
«ers. First prices In New York were 40 to 60 points net higher and within
the next fifteen minutes the list exhibited a gain of 60 to 85 points. Offer-
Ings were scant, and the market appeared to be shaping to cheer the
hearts of the bull contingent, but instead, a fresh outburst of selling or
ders, led by spot firms and profit-takers, knocked the props from under
the marflet and prices caved in with marked rapidity, falling into new
ground for the movement, or 10 to 15 points under Saturday’s close.
Putures at New Orleans, after rising 51 to 67 points, followed the
Northern market downward.
Liverpool, after suffering the maximum decline permitted, rallied just
before the close.
Information from New York and New Orleans failed to explain the
break, except a wire was received from New Orleans stating that the Gov
ernment has suspended the purchase of linters and that in addition to Gov
ernment contracts being suddenly cancelled other deals for the output
are prohibited until the Government settles on terms and conditions.
At the lowest December New York stood at 2640, while January
dropped to 25.15, March 2430, May 23.90 and July 23.60. At the bottom
December stood 50.50 a bale under the high of September 3 and May S6O a
bale lower than its high mark.
Just before midday a renewal of early demand developed, halting the
+ break, with the result that the list rallied sharply from the lows, Decem
'ber reaching 26.65, January 25.55, March 24.68, May 24.20 and July 23.85.
At the noon hour trading was extremely light, with price changes nar
row, due probably to the assembling of Congress with a general disposi
tion among traders to await President Wilson’s message.
All bullish factors were trampled beneath the feet of the bear clique
during the early afternoon, with the South, spot firms and longs heavy
sellers. Demand was entirely obscure. Values tumbled to new lows, or
77 to 85 net, or 145 to 170—57.25 to SB.IO a bale—under the forenoon.top
marks. December fell to 25.70, January 24.53, March 23,60, May 23.20 and
July 22.95.
Just before the close covering by shorts absorbed offerings, causing a
small rally from the bottom. The close in New York was 35 to 65 points
net lower,
Atlania spots dropped 60 points—s 3 a bale—to 27 cents, or 2 centis
UNDER a year ago,
‘ CHICAGO, Dec. 2.—Corn was from
, 1-4 to 3-4 c higher at the opening of
the market today, with light offer
ings at the beginning. Commission
houses and shorts were active on the
buying side and this sustained the
market.
Oats were steady at Saturday’s
prices on commission house buying
and ample offerings. The market was
practically featureless, with Decem
ber showing pressure by Armour,
Provisions were slightly higher than
Saturday's level, but trade was light.
The market in both pits showed
considerable strength during the aft.
erncon, with corn values rising more
than 3 cents from the day’s low. Final
prices were 1-2 to 2 3-8 cents higher.
Oats closed 1-2 to 1 cent higher,
Provisions finished slighily higher,
Graln quotations:
Prev
Open. High. Low. Cioss. COlose
CORN—
‘.’-. 1.26% 1.19% 1.256% 1.28% 1.27
‘ an 1.26 1.29% 126 1.28% 1.26%
Feb 1.27% 1.29% 1.26% 1.28% 1,27
Mch. 1.26 L% A3TH L3TH cecee
OATS—
Dec 3% % bt ] 73 %
g‘m T 15% 3% Tl% 725 Tl%
'eb. 1% 72% Ti%s 2% %
Mch T 2 3% 73 2% coe
PORK-—
Jan 46.30 4738 2680 4725 4665
LARD—
Jan 26.17 3617 32617 2617 26,08
DD cooci ssees savee ssess DBO
RIBS--
Jan 2487 125.12 24.87 26,13 3432
Mh 2450 24650 2435 2440 .....
VISIBLE GRAIN SUPPLY CHANGES.
This Week.
heat decerase ........59%0,000 bushels
F‘Yvrn. decrease ......... 678,000 bushels
Oats, increa5e..........4,024,000 bushels
| ST. LOUIS CASH GRAIN.
BT. LOUIS, Dec. 2.—Corn, No. 3 white
1.50.
Oats, No. 2 77%; No. 3 white 74; Neo.
.4 white 73%.
KANSAS CITY CASH GRAIN.
] KANSAS CITY, Dec. 2—Corn, No. 3
eltow 1.50; No. 2 white 1.50; No. 4 white
Y,sxul.«).
+ Oats, No. 4 white TL
&T. LOUIS LIVE STOCK MARKET.
BT. LOUIS, Dec. 2.—Cattle Recelpts
6,600; market higher; native beef steers
11.60@18.60; yearling beef steers and
heifers 9.50@16.00; cows 7.76@12.50; stock«
ors and feeders K.so@ 14.00; calves 7.76@
17.26; fair to prime yeoarling beef steers
10,00 4@ 15.00; beef cows and heifers 7.50@
15.00; Southern prime yearlings stoers and
heifers ¢ 50@8.00
Hogs Receipts 12,000; market 10@15
higher Mixed and butchers 17.45@17.90;
good 17.75@17.90; rough 16,40 16,60,
Tights 17.46@17.66; pigs 13.00@16.00; bulk
17.46@17.76
LIVERPOOL COTTON,
LIVERPOOIL, Dee 2.~Cotton futures
gpened quiet today. Spot firm; prices caay;
snlen 3,000 balea
American middling fair 22.85; good mid
diing 22.17; middling 21.54; low middling
20.49; good ordinary 15.96; ordinary 158.44
’ ‘ru(urws opened quiet,
Prev,
Open. Close. Close
December .. .o oe oe 1501 1014 1001
January oo o 0 ov 1700 1758 3099
PODrualry . s oo os +:17.00 1700 18,00
Margh .. .. s oo oo +:36.37 1637 17.%7
April .. siee oe semsnce B 0 Wi
Closed steady.
"~ BPOT COTTON
Atlanta Cemmercial Exchange guotes
good middling, 27¢: sales Saturday, none.
New Orleans, middling, 25%; sales 509
balen.
Tive I, good middling, 22.374.
anrv:‘rk, quiet; middling, 27.50
Suvanah, nominal; middling, 29¢c,
Augusta, middiing, 27.12; sales, 65
l’hal\dvlph'& 30.45.
Galveston, steady; middling, 30e
Mouston, steady; middling, 29,40,
Hoston, steady, 29.25,
” . Uharleston, steady &mdunf, 0%
mmm\l'on. middlifg, 23.76
" orfolk, middling, 27%: no sales
Memphia, middiing, 30e
Bt. Louls, middling, 30c.
Dallae, non:lfliu; n:lih‘llml. 0w
bile, midc <B¢,
’ &t’l’n( Roek, mfi%nng. 0 Y%e
Wontoomery. nominal %98~
WEIL BROS. ESTIMATE CROP.
Well Bros., of Montromery, Ala., in
their annual crop estimate, places the
cotton crop (actual growth) for 1918~
1919, exclusive of linters, at 11,565,-
000 bales.
The estimate by States follows:
States. Crop.
AIRDAINA o 6 ooooave 000 535,000
ATRAREAN o oo v s =+ +o 500,000
GeOrgif . o« oe oo oo oo « o« 3,350,000
TR .0r09540545 o 8 »s 30,000
TOUMIGRN. . <o oo o 0 o 0 oo oo . BOOOOD
MisslantoD! .. i oo o 0 o on 4 1,080,000
SN .o =+ aosske on o DROR
THIDAINES .. oo oo o» s oo 80.00
DIDPONES oo co v o 8 56 o 5 o 0 35,000
North Carolina .. .. .. .. .. 860,000
South Carolina .. .. .. .. 325,000
TORAE o 5 ¢ 00 o 1 0o va on s 3,100,000
WD os s oo o 0 90 6 5o 100000
In conclusion, the authority re
marks:
“I making our estimates, we have
based same on information from vari
ous sources in the actual cotton-produc
ing States of the South, just as we
have done heretofore. the results of
which have proved in many instances
very near the actual crop.
‘““The late fall, or rather the delayed
frost, has added more to the prospect
ive yield as it appeared in August, but
the smallness of the crop as compared
to the big acreage must be apparent
to every one.
‘“The holders have not been offering
cotton readily, confidently expecting
hifher prices. On the other hand, the
spinners claim to be fairly well suppiied
for their immediate requirements, hence
the spot situation is rather unsettled.”
. . .
BUILDING PERMITS LOW,
Building activity here last month
was at rock bottom, permits issued
by the local Bunlding Inspector's of
fice calling for the smallest expendi
ture in yearw.
Only 135 permits were issued, In
volving an expenditure of only $63,-
435, as compared with 200 permits
the same month last year, with an
expenditure of $272,586,
Explaining the small permits, As
gistant Building Inspector McDaniel
said November and December usual
ly is an off period in new construc
tion, but that the continued scarcity
and high cost of labor, together with
record prices of material (although
supplies are plentiful, owing to the
removal of practically all restrictions
by the Government) continued to re
strict new building.
“However, 1 anticipate some Im
provement in building aectivity in
January and February, with a de
cided improvement in March,” he
further said.
“l believe labor will be more plen
tiful b‘y that time and costs of mate
rial will be down some.”
Including November's permits, new
construction here for eleven months
of 1918 aggregates $3,483,347, as com
pared with $4,760,720 the correspond
ing period a year ago-—a decrease of
$1,267,378,
Permits for each month this year,
with comparisons, follow:
1918, 1917,
January.. .. .. $119.781 $461.078
February .. .. 281,798 493323
March .. ¢ oo 535,248 499,213
April oo oo oo 40 810.008 441,463
May.. «« oc oo 438423 373.6 M
June.. +¢ v oo 449203 662,677
JUIY .: o 0 40 o 0 80008 231,841
August.. .. .. 188,606 688,654
September .. .. 377800 287 208
October .... .. 90,009 238,608
November .. .. 63,435 272,686
Totdls.. .. n n,cx},sn $4,750,720
.
JAY'S CROP ESTIMATE,
J. W. Jay & Co,, of New York,
Monday estimated the cotton crop at
11,476,000, qxclu.alv.o n.f linters,
WILLYS-OVERLAND DIVIDEND,
Willys-Overland Company Monday
declared the usnal quarterly dividend
of 1 34 per cent on the mfemdl
stoek
LSNP
i
NEW YORK, Dec. 2.—Sharp ad
vances were recorded at the opening
of the cotton market today and the
tone was strong. Initial prices were
40 to 60 points higher, and after the
call there were further advances that
carried the list 60 to 85 points.
There was a fair trade demand on
the call and this was followed by
buying by locals. Spot firms sold.
Before .the end of the first fifteen
minutes' trading offerings became
heavier, with demand withdrawn,
with the result that the market tum
bled 10,to 15 points under Saturday’s
close before the end of the first 30
minutes, .
A renewal of heavy selling and lack
of demand resulted in the market fali
ing lower still for near options during
the late forenoon, but a better demand
developed before the moon hur, pulling
values up materially frm the low.
Business was light at the noon hour,
the trade awaiting President Wilson's
speech before Congress.
The South was said to have been a
big seller during the afternoon, and
there was continued selling by longs
and spot firms, with demand lacking.
Values keep steadily downward, falling
77 to 85 net, or 145 to 170 under the
early high levels, December touching
25.70, d:jnuary 24.53, March 23.60, May
23.20 July 22.95. A small rally oc
curred before the close.
At the close the market was barely
steady 35 to 65 points lower.
Spot cotton was lower,
~ Exports today were 28,808 Dbales,
coastwise 18,958,
~ New York 11 a. m., bids to leegmol
' were: December 26.60; January 25.50;
‘Mamh 24.65! May 24.25.
New Orleans 1(¥ a. m., bids to Liver
}pool were: December 25.65; January
24.75; March 24.00; Mary 23.56.
NEW YORK COTTON FUTURES.
Dc 127.00{27.15]25.70126.00/25.95-10/26.50-65 |
Jan ’1z5fi51z5,00!u.53124A75|?4.75-85!:5.30-35‘
Feb sukirknaexl vaonl L SRR . IRO
Mch Ilu.’.’-]zs,xolzs.oarz&.oo!za,u-m24.45.53
e Eood il i A 0
M'y ]24.6524.65/23.20/23.40(23.40-50/24.05-10
Jne l‘l ioi 10308 lzs.so
Ny }24.25/24.40/22.96]23.07]23.10-20/23.75-80
Ag cid vk iibal sik iss Rl Yiivint e
Spt “.I eol 26.60-90‘..,...,.
Oct _ 126.00]21.00/20.9720.97|20.15-35{21.60-75
Closed barely steady.
NEW ORLEANS COTTON FUTURES
!_!m_'ilan Laovww (1 Sale M Y lema
Dec 1z5.50125.24‘25.00!25.0052&00 |25.73-75
Jan [26.00]25.28]23.90/24.00{24.00-06/24.75-50
Mr [24.25/24.60]23.13/23.20{23.20-30/24.02-03
M’y [23.95/24.18/22.72]22.78]22.78-80/23.63-65
Jty 123.96/24.02/22.50}23.20(22.50 ‘13,35
Ot |....0....0..L. ....120.45-50131.08
Closed barely steady.
CHICAGO CAR LOTS.
CHICAGO, Dec. 2.—Folowing are re
ceipts for today:
PVBBRE «o 0 s 0 s 40 o 50 0s 0 40 B
SR oo o 6 wi o 0 b oo oi o 4 B b 98
OREE .o o o 0 00 4h o 0 s o 0 ws s B
FROE s oo ve Wa Be S ov e ni w 0
WILSON ASKS STUDY OF
RAILROAD PROBLEM
to the ground. Much of their ma
chinery is destroyed or has been
taken away. Their people are scat
tered and many of their best work
men are dead. Their markets will
be taken by others, if they are not
in =ome special ways assisted to
rebuild their factories and replace
their lost instruments of manufac
ture. They should not be left to the
vicissitudes of the sharp competi
tion for materials and for industrial
facilities which is now to set in. I
hope, therefore, that the Congress
will not be unwilling, if it should
become necessary, to grant to some
such agency as the war trade board
the right to establish priorities of
export and suppiy for the benefit of
these people whom we have been so
happy to asist in saving from the
German terror and whom we must
not now thoughtlessly leave to shift
for themselves in a pitiless compet
itive market.
For the steadying and facilita
tion of our own domestic business
readjustments nothing is more im
portant than the immediate deter
mination of the taxes that are to
be levied for 1918-1919-1920. As
much of the burden of taxation
must be lifted from business as
sound methods of* financing the
Government will permit, and those
who conduct the great essential
industries of the country must be
told as exactly as possible what
obligations to the (overnment they
will be expected to meet in the
vears immediately ahead of them.
It will be of serious consequence to
the ecountry to delay removing all
uncertainties in this matter a sin
gle day longer than the right proc
esses of debate justify. It is idle
to talk of successful and confident
business reconstruction beforo
those uncertainties are removed.
Cut to Six Billions.
If the war had continuved, It
would have been necessary to raise
at least eight billlon dollars by tax
ation, payable in the year 1919;
but the war has ended and | agree
with the Secretary of the Treas
ury that it will be safe to reduce
the amount to six billlons. An im
mediate rapld decline in the ex
penses of the Government is not to
be looked for, Contracts made for
war supplies will, indeed, be rapld
lv eanceled and lquidated, but
their immediate liquidation will
make heavy drains on the treasury
for the months just ahead of us,
The maintenance of our forces on
the other side of the sea is still
necessary. A considerable propor
tion of those forces must remain In
Burope during the period of occu
pation, and those which are
brought home will be transported
and demobilized at heavy expense
for months to come,
The interest on the war debt
must, of course, be paid and pro
vision made for the retirement of
the obligations of the Government
which represent it. But these de
mands will, of course, fall much be
low what a continuation of mili
tary operations wonuld have entailed
and six billlons should suffice to
supply a sound foundation for the
financial operations of the year,
1 entirely concur with the Secre
tary of the Treasury in recom
mending that the two billlons need
ed In addition to the four billlons
provided by existing law be ob
tained from the profits which have
acerued and shall acerue from war
contracts and distinctively war
business, but that these taxes be
confine®to the war progts aceru
ing in MR or in 1919 from busi.
New York Stock Quotations
L Last|Prev.
STOCKS— |High|Low| Sale|Close
Allis-Chalmers .. .| 27%| 26%| 27 26%
Ama Agrl . . o seeo] sees] 2aaafifd
Amn. Beet Sugar .| 51 50% | 50% 651%
R ARG T T ey
Amn, Can ..... . .| 42%]| 423 | 42%| 42
00 PYOL . ¢ J isesl asirl saee 'O
Amn. Car N% .o 83 82%| 83 83
Amn. Cotton Oft .} ....{ ....| ....| 38%
Amn. Loco. . .....| 61 60 60 (l&
Amn, Smelting ..| 82% llz 82 81
Amn. Bteel Fdra, ..| 9034 89 89 8915
Amn. Sugar Ref. .Jlll2 {lll (112 (110%
G 0 PR, . ] siellieaa ] ads SRR
Amn. Tel. & Tel. .[103% (1013 [102%[103
American Woolen .| 52 52 i 52 bl%
Amn. Linseed . ...| 40%| 4034] 40%/ 40
R L s il icaad Dkl S
Atlantic G, & W. L 1094|1083 (109% 108 %
QUDERE. ..o o] ciosl sl seos] B 8
2E R IR o Rl il ' BB
do pref. . .....| 13%] 73 | 13" | 72
Amn. Malt Corp. . . | sven] 2%
B DIE i ul sias] dvsal weeddl DY
Amn. Tobaoee o« f'iicf 00l sove {2BB
Amn. Sum. Tob. ~ .[lO4 (1032 |[lo2 84
American Ice . ... ‘ Shanl dres] €D
G 0 DL, ~ . o] sesef dosaf aane] B 4
Amn. Writ. PP | oii] seoe] cinsl 8%
Alaska Geld . ... 4& ay 4% 3%
Anaconda . ..... .| 66 54% | 64%| 647%
Atchison . o o e of sose] eoce] coesf 93%
QO DrOL. . 5 o o] evee] cases o 0 l'I&
At Coast 100 o « of soxof sooaf .00 ]3OO
Baldwin Loce. . TZ%| N 1 Ty 72
B ¢ . it ssinl arel
Bal. and Ohte . 85 S4%| 65 S
@ pref. . o o) eone .' N & |
Booth Fisherfes . .| '....| ....| ....| 23%
BN Brels s oFiacal csasl st RS
Beth. Steel Pref B, Mz fl% “a 63%
Brook. R. T..: « «4s{ 39 38 38 38
Butte Buperior .. . c.cc] scee] loesf 19
Oul. Polroléum . « of vovof Covol sseef 28
Canadian Pacifie .[l6l (159 [l6O [l6O
Ches. and Ohio ~ .| 59%] 583%! 59 b 8 %
C. and N. W. ..| 98%| 983| 98%/100%
C, M and St. P. ..| 46%| 46 | 4?% 15%
et ;< . N = 19 lO&
Chino Copper . .| 37%! 37%!| 37%| 37
Corn Produycts . .} 47 | 46%' 46% | 463,
el .. « . ' cx st arinlAREI
Crucible Steel . .| 66%| 551 653 64%
HO Dref. ¢ ooy of cosol siol <OOB
Buban Am. sugar )| 0| S.ii] Lilla3o
‘ G 0 PR, U o il crsid fedviabosoasl 80
entral Leather . .| 69% | 58%| 658% | 68
SO PPN .¢» . ‘ ....’lO3
Chile Copper . .| 20%| 20 20%! 20
Chandler Motor . .| ....] ....] ....]IOO%
Columbia Gas ... .| 37%| 37%| 87%/ 3714
O DB & iy o] okl vies ‘ 68
Dol and HWEIDOR .| ..c:f 00l oo JAOR
Listillers’ See. . .| 46%] 46 | 46%| 46%
. AW 185 19 18%
O DPUE. T & o] cuosf cnvil coasl T 2
Dorsd MlNes . /v o cosel cocodl dniel B
OGN DPOE. & o ) atesl sivil vexesl BN
Fotetal . & B . Jd . i::] vioa) aded 28
General Electrie . “.|164 [153 ll.fz 162
QGeneral Motors . .| ....| i=api.L. (128
do pref. . . .| Tl%] 81%]) 81%/ ..
Goodrich Rubber , .| 66%| 55| 65% | 54%
08 DR o b oah vl ssinkinossl D
Gt. Nor. pref. ...| 9 9TW| 98% | 97y
Gt. Nor. Ore ... .| 32 31%]| 32 Jl%
Great Western . . .| 9 9 9 9
do pref. .. . | 28%]| 28 28% | 274
G Biades B 0. o i) s uv ]TR
Greene-Cananea ..| 48 438 43 473
HL Conteal i eool cotsl vossd vsnsl 9%
Inspir. Copper . . 41& ATY ] 4TS 47%
IBLerDOM . Aess il ¥ % 7% %
00 PO & A 0 s s ibiiiail siisl BB
Ind. Alcohol ... .| 96%| 96 96 993
B DL v it il iseed sesnl' DS
Int. Nickel ... ...| 31%/| 31 3 31%
R AR Oomgh ..ol ...l ook .00 S 0
Int. Paper .. ..| 3014| 30 | 3034| 30%
do pref. ~ . ,! ' 80
Kansas City Sou. 20 20 20 197%
Kelly Springfield .| 60 60 ’6O
Kennecott . . . . .| 36%/| 35 36| 35%
Lack. Steel . ~ , .| 68%| 67%| 68| 68%
| Lehigh Valley . .| 60 |6O |6O | 59%
LlgENtt & MYSI. ] .ooif 00l oernflTS
Lorillard Snuff . .| .ou.] coeel 0u5.1146
Continued From Page 2.
ness .originating in war contracts.
I urge your acceptance of his rec
ommendation that provision be
made now, not subsequently that
the taxes to be paid in 1920 should
be reduced from six to four billions.
Any arrangements less definite
than these would add elements of
doubt and confusion to the ecriti
cal period of industrial readjust
ment hrough which the country
must now immediately pass, and
who no true friend of the nation's
essential business,interests can af
ford to be respor{elb!e for creating
or prolonging. Clearly determined
conditions, clearly and simply char
tered, are indispensable to the eco
nomic revival and rapid industrial
development which may confident
ly be exepcted if we act now and
sweep -all inferrogation points
away,
I take for granted that the Con
gress will carry out the naval pro
gram which was undertaken before
we entered the war. The Secre
tary of the Navy has submitted to
your committees for authorization
that part of the program which
covers the building plans of the
next three years. These plans have
been prepared along the lines and
in accordanee with the policy which
the Congress established, not under
the exceptional conditions of the
war, but with the intention of ad
hering to a definite method of de
velopment for the navy. I earnest
ly recommend the unteinterrupted
pursuit of that policy. It would
ciearly be unwise for us to attempt
to adjust our programs to a future
world policy as yet undetermined.
The question which causes me
the greatest concern is the ques
tion of the policy to be adopted to
ward the railroads. J frankly turn
to you for counsel upon it. I have
no confident judgment of my own.
I do not see how any thoughtful
man can have who knows anyvthing
of the complexity of the problem.
It is a problem. which must be
studied, studied Immediately, and
studied without bias or prejudices.
Nothing can be gained by bhecom
ing partisans of any particular plan
of settlement.
It was necessary that the admin
istration of the railways should be
taken over by the Government so
long as the war lasted. It would
have heen impossible otherwise to
establish and carry through, under
a single direction, the necessary
priorities of shipment. I would have
been impossélle otherwise to com
bine maximun) production at the
factories and mines and farms with
the maximum possible car supply
to take the products to the ports
and markets; impossible to route
troop shipments and freight ship
ments without regard to the ad
vantage or disadvantage of the
reads employved; impossible to sub
ordinate, when necessary, all ques
tiong of convenience to the publie
necessity; limpossible to give the
necessary financial snpport to the
roads from the publie treasury, But
all these necessities have now heen
served and the question is, What is
best for the rallroads and for the
public In the future?
Tasks Beyond Roads.
Fxeeptional clreumstances and
execeptional methods of adminls
tration were not needed to convinee
ns that the railroads were not equal
to the immense tasks of transpor
tation imposed upon them by the
rapid and continuous development
of the industries of the country.
We knew that already. And we
knew that they were nnequal to it
. v
STOCKS-— Low |Bale |Clom
Loose-Wiles . . .| 38 38
30D 30 ¢ o 00 of seead aieod s ERRRN
Maxwell Motors. .| 28 28 28 26
Go. Ist pret. o] ....] ooasf vees] 818
do, 84 pref. o o] s.col coosl 00l B 9
Mo. dPn.clflef (new).| 27| 26%| 27% .l:
0. DR v 00l seasl srakaass
lox.d P,otro;eum. 168 % 1664|167 % }g:l
TEgT T SRS B e Y
Marine. . . . , .| 28%] 27%/| 27%| 28
do. pref. . . {ll7 [116% 116 [116%
Minn. and 8t .Louls| ....| ....| ..os] 14%
Misml COPPOr .« ol vovsl sivil donek TER
Midvale Steel .. .! 44%{ 43%) 44 3%
National Conduit .| 16%/[ 156 | 15&
National Enamel .| 443% M%, 44 '
N. Y. Central . . .| 79%] 77%] 77%] 18%
N. Y, N. H & H..| 363%] 36%| 36%]| 35
gufinr\lalwlnnd ¢« oF envolivere l:::
. And iy Ve 9 venn seasl senn
Northern Pacific .| 97 9% 97 95 %
BT 0 MW J 40 v
Nev, Con. Copper .| ....] coon] soee] 1%
N. Y. Airbrake . .| ....f vooof 200 4 e
Ohio Cities Gas. .| 42%| 41%| 41%] 41%
Pitts.-W. Va. Coal.| 36% | 363 36| 36%
Pan-American ~ .| ....| } { 65%
Pere Marquette ..| 17 { 16%) 17 16
B B . v o ssealwacsl il SN
Pennsylvania . . .} 47 ? 46%| 417 ‘ 40%
Plerce-Arrow ~ . .| 44%]| 44 44%
Peogle'- Gas . . {6B [B2 62 | lz&,‘
P. Bteel Oof o ¢ of socol 00l cose] 89
Plefce Ofl ;. . .]' 16% | ll!s Il‘ lsa‘
Pltts:ur‘ (‘?fl o« o “%‘ 45 |45 :5‘
B PR i i o] sess] Vo) anne ‘
Pullman Company & vkl oh v
Ray Consolidated .| 22 2141 22 !Iu
Ro.%!nt R K 69 | 85%| 85 :l!: ‘
B BE (v of vase] cise] sans
R L and Steel , .| T4%| 74%| T 4% 74&
dourr:z 2 o ok wensl sonsliawne 92?,
do. pref. A » .| 283 27 | 2814 | 28
do. pref. B . ..nx’\ 1% 1% | 70%
Ry. Steel Springs .| 7Tl%| 71 Tl%] 71
ST oLR Sel s san sin s LRDE
Romley . ..o o o] cose] eeee] enes] 2338
do. PPOL."y o' o] cees]| coes| soo.] 59%
Bears-Roebuck’ . .f «.v.) coe] 2000 ]169
CVR T SN SRR SRR RN -b |
Sloss-Sheffield '« o} ...l .ol csuel 8%
Royal Dutch . . .| 99% ) 99%| 99%) ....
Southern Pacific .[104%/101% 10415110214
Southern Railway .| 32%| 20%/| 32 [ g:::
a 0 PIL: i o v} chssl btk sos e
Studebaker s o . 81% QD%f 61'-&] ::%
0, PPOE i . v oF cavet sseed sse
Bt. L. and S, Fran.| 13 13 13 13%
do. pref. . . of ceotf ceee] cons 29'?
2lm'-‘lnhl' Ol 5¢ ¢ “% $5 21‘». 3;:2
o e 6 ) 1
Swift & Co. . . .J 125 126 [126 lIZC ‘
ron it ™) 5] HHYI 5] 10
OD, uecss. . . i
Tenn. Copper . . .| 14%| N’,fi‘ 14% |l4 }
xTexas Oil . , , .[1823%18215/18215 /184 |
Union Pacifie , . .[131%/129 (131 ISl‘i
U. B Bubbar 5 o « 74’,-5‘ 72%‘ 3% | 74 |
u. Sd Ste\elf. e o of 9601 94%] 96 % 1?{"3
0. PR, ¢ ¢ of Sl siea] sos
U. Cigar Stores . .1103%3108 ~1237; 10'.‘%‘
Utah Copper ~ . .| 77%]| 76%| 7T7%| 76%
Va.-C. Chemiecal ..| 53 ‘2% 63 "=
Wabash , . . . . 0%l 9%| 9% oy
Western Maryland | ....] ....] .t..| 13%
Western Union , .| 883! 87%/| 87% 8%
Willys-Overlapd . .| 25 24% |25 24y
B DL as il il Rl BB
Wollrath oo 00l sival saisl w 2 ER 1
Westinghouse ~ . .| 42%/| 42%| 42%| 42
B L. & Nl il il el B
| VERIEE MOMES . ¢ of veos] sivi] asen] 8B
Wilson Packing Co.[ ....| ....| ....| 67T%
B BNE. ~o wF s as asabl ssunh' DB
BONDS,
U. 8. Lib. 3%5. . .|99.02/99.02{99.02/99.02
do. Ist 48 . . .]95.90/95.70/9670(9590
do 24 48 . . . .]94.60/94.40/94.50/94.60
do. 4%e . . . .|96.80/96.60/96.80(96.78
do, Ist 4%s ~ . .!97.80/97.80/97.80/97.80
do 24 4%s . . ~’6 78196.50/96,.78(96.76
do. 4th 4%s , . . ’?82‘!7.72'97.12!“."
Anglo-French §s . . .| 96%| 96| 96% ] 96%
xEx-dividend. {
partly because their full co-opera
tion was rendered impossible by
law and their competition made
obligatory, so that it has been im
possible to assign to them severally
the traffic which could be best car
ried by their respective lines in the
interest of expedition and national
economy. 3 1
We may hope, I believe, for the
formal conclusiomr of the war by
treaty by the time spring has come,
The 21 months to which the present
control of the railways is limited
after formal proclamation of peace
shall have been made will run, at
the farthest, I take it for granted,
only to January of 1921. The full
equipment of the railways, which
the Federal administration had
planned, could not be completed
within any such period. The pres
ent law does not permit the use of
the revenues of the several roads
for the execution of such plans, ex
cept by formal contract with their
directors, some of whom will con
sent while some will not, and there
fore does not afford sufficient au
thority to undertake improvements
upon the scale wpon which it would
be necessary to undertake them.
Every approach to this Adifficult
subject matter of decision brings
us face to face, therefore, with this
unanswered question: What is It
right that we should do with the
railroads, In the interest of the
public and in fairness to their own
ers?
lL.et me say at once that 1 have
no answer ready. The only thing
that is perfectly cléar to me is that
it is not fair either to the public or
to the owners of the railroads to
leave the question unanswered, and
that it will presently become my
duty to relinquish comtrol of the
roads, even before the expiration
of the statutory period, unless there
should appear some clear prospect
in the meantime of a legislative
solution. Their release would, at
least, produce one element of a
solution, namely, certainty and a
quick stimulation of private Initia
tive,
Alternative Courses,
I believe it will be s {'v 2able for
me to set forth as explicitly as pos
sible the alternative courses that lie
open to our choice. We can simply
release the roads and go back to
the old vonditions of private man
agement, understricted competition
and multiform regulation by both
State and Federal authorities; or
we can go to the opposite extreme
and “establish complete Govern
ment control, accompanied, if nee
essary, by actual Government own
ership, or we can adopt an iln
termediate course of modified pri
vate control, under a more unified
and affirmative public regulation
and under such alterations of the
law as will perrait wasteful com
petition to be aveided and a con
sgiderable degree of unification of
administration to be effected, as,
for example, by regional corpora
tions under which the rallways of
definable areas would be in effect
eombined in single systems,
The one conclusion that I am
ready to state with confidence Is
that it would be a disservice alike
to the eountry and to the owners of
the raillroads to return to the old
conditions unmodified. Those are
conditions of restraint without de
velopment. There is nothing af
fi-mative or helpful ahout them,
What the country chiefly needs is
that all its means of transportation
should he developed, its railways,
its wtaerways, its highways and its
countryside roads.
New Element Necessary.
Some new element of poliey,
therefore, I 8 absolutely necessary.
necessary for the service of the
public, necessary for the release
of eredit to those who are admin.
istoring the rallways, necessary for
the protection of their security
holders. The old fey may be
changed much or Hétle hot surely
TEE
’ ]
’
NEW YORK, Dec. 2.—There was
little vigor to the trade in any stock
at the opening of the stock market
today. An awaiting disposition de
veloped in the market generally, in
the expectation that incentive may
be found for the trading in develop
ments at Washington and in this eity
today.
Marine preferred had the widest
range, opening up 3-8 at 117 and then
dropping to 116, with the selling
based on an idea that disappointment
may follow a meeting of directors,
expected to be held today.
The Steel industrials were general
ly steady, but Steel common reflected
a little liquidation in the early trad
ing, declining 5-8 to 94 5-8, with a re
covery of this loss at the end of the
first quarter of an hour. Studebaker
opened up 5-8 at 50 1-4, and then
dropped to 49 18,
~ The copper stocks generally showed
small fractional losses. Atlantic Gulf
was a strong feature, advancing 1
point to 109 1.2,
At first Wall Street greeted President
Wilson's speech with a dJdisposition to
gell practically all stocks, but after a
careful reading of his remarks conserva
tives said they sounded ‘‘good.’’ This
was followed by a general demand for
railway issues, with the result that
leading tratcions rallied from 1 to more
than 2 points from the lows Steel
common passed 9.
The market closed strong.
it can not wisely be left as it was.
I hope the Congress will have a
complete and lmpn.r\*;l study of
the whole problem ' instituted at
once and prosecuted as rapidly as
possible, 1 stand ready and anx
ious to release the roads from the
present control, and I must do so
at a very early date If by waiting
until the statutory limit of time is
reached I shall be merely prolong
ing the period of doubt and uncer
tainty which is hurtful to every
interest concerned.
I welcome this occasion to an
nounce to the Congres my purpose
to join in Paris the representatives
of the Governments with which we
have been associated in the war
against the Central Empires for
the purpose of discussing with
them are main features of the
streaty of peace. I realize the great
Inconvenience that will attend my
leaving the, country, particularly at
this time, but the conclusion that
it was my paramount duty to go
has beern forced upon me by con
siderations which I hope will seem
as conclusive to you as they have
seemed to me,
The Allled Government have ac
cepted the basis of peace which I
outlined to the Congress on the Bth
of January last, as the Central Em
pires also have, and very reasona
bly desire my personal counsel in
their interpretation and application,
and it is highly desirable that I
should give it in order that the
sincere desire of our Government
to contribute without serfish gur
pose of any kind?to settlements
that will bs of comomn benefit to
11 the nations concerned may be
made fully manifest. The peace
settlements which are now to be
agreed upon fre of transcendent
importance both to us and to the
rest of the world, and I know of no
busines or interest which should
take precedence of them,
Must Maintain ldeals.
The gallant men of our armed
forces on land and se have con
sciously fought for the ideals which
they knew to be the ideals of their
country; I have sought to express
those ideals; they have accepted
my statements of them as the sub
stance of their own thought and
purpose, as the associated govern
ments have accepted them: I owe
it to them to see to it, so far as in
me lies, that no false or mistaken
interpretation is put upon them,
and no possible effort omitted to
realize them.
It is my duty teo play my full
part in making good what they or
fered their life’s blood to obtain.
I ean think of no call to service
which could transcend this.
T shall be in close touch with you
and with affairs on this side the
water, and you will know all that
1 do. At my request, the French
and English Governments have ab
solutely removed the censorship of
o:n-‘(‘- news which until within a
forthight they had maintained, and
there is now no censorship what
ever exercigsed at this end except
upon attempted trade communica
tions with enemy countries,
It has been necessary to keep an
open wire constantly available be
tween Paris and the Department of
State and another between France
and the Department of War. In
order that this might be done with
the least possible interference with
the other uses of the cables, I have
temporarily taken over the control
of both cables in order that they
may be used as a single system.
I did so at the advice of the most
experienced cable officlals, and 1
hope that the results will justify
my hope that the news of the next
fern months may pass with the ut
most freedom and with the least
possible delay from each side of
the sea to the other.
Asks United Support.
May I not hope, gentlemen of the
Congress, that In the delicate task
1 shall have to perform on the
other side of the sea, in my efforts
truly and faithfully to interpret the
prineiples and purposes of the
country we love, I may have the
encouragement and the added
strength of your united support?
I realize the magnitude and dif
ficulty of the duty 1 am undertak
ing; 1 am poignantly aware of its
prave responsibilities, 1 am the
servant of the nation. I can have
no private thought or purpose of
my own in performing such an er
rand. I go to give the best that is
in me to common settlements
which 1 must now assist in urT‘v
ing at in conference with the other
working heads of the associated
governments,
1 shall count upon your friendly
countenance and encouragement. I
shall not be Inaccessible, The ea
bles and the wireless will render
me avallable for any counsel or
service you may desire of me, and
I shall be happy in the thought
that I am constantly in touch with
the weighty matters of domestic
poliey with which we shall have to
deal. I shall make my abscnce ng
brief as possible, and shal lhope to
return with the happy assurance
that it has ben possible to trans.
late Into action the great ideals for
which Amerien has striven
DROP IN COTTON AFFECTING
BUSINESS, SAYS WELLBORN
By M. B. WELLBORN,
Federal Reerve Agent, Sixth District, .
The recent declines in cotton has had a depressing effect on business
in general and while it has created a somewhat temporary pessimism, the
leaders of agricultural, industrial and commercial enterprises are not in«
clined to underestimate the nation’s strength and power to recuperate; and,
with a gradual readjustment of business and the proposed plan of demobilis
zation of the army it gives hope for a bright future, 2 :
With the cessation of hostilities coming as it does just previous to the
holiday trade, we believe it will have a better effect on business conditions
than had the war come to a practical end earlier in the year,
It is an indisputable fact that the present crop has cost more to pro
duce than any crop of cotton ever grown in the district and the growers
feel that they must obtain close to 356 c per pound if they are realize a profit,
This applies to short staple cotton. The long staple cotton situation is re
ported rather demoralized; the factors being reluctant to furnish advances,
and producers are ho.ding, refusing to sell except at fair prices,
~ The decline in cotton was viewed ass
unwarranted and has seriously effected
our peorlu in pocket and spirit.
) The farmers are being morally sup
ported in their holding movement, and
‘thefi will tYrob&blir continue to receive
sufficient finanelal assistance to enable
them to hold the bulk of their cotton
off the market until higher prices are
established.
High Prices to Stay, Belief,
The business men think that the era
of high prices is here to stay for some
‘un because of the tact there is hard
a surplus in any particular line. The
sudden endlnf of the war has caused a
let-up in business conditions and there
yu little tendency to place orders ahead
at this tlmo’,,l owing to the unsettied con
dition of the markets and the uncer
tainty of the time of withdrawal of Gov
ernment restrictions. The general con
sensus of opinion is that we should con
tinue to conserve our resources and re
strict cred!u,‘renenlly. with the ex
ception that mMore opportunity be given
to those who are undertaking to pro
duce something to eat, Durlnf) the war
little, if any, construction has been car
ried on and this Q‘Ppuel especially to
farm buildings, and it ls hoped that
' there will be a loosening up of credit
along this line, and also funds to pur
chase labor-saving machinery for farm
ers,
While the banks show a general will-
Ingness to carry cotton, there ig no large
borrowing by the producer for the rea
son that a large majority sold suffi
cient cotton early in the season at a
fair price to llq{uidate existing indebt
edness and the forced economy and re
stricted credit, due to Government reg
ulation, has left the fai@er in a rela
tively better position to carry his sur
%lul crop than heretofore prevailed.
'hey are also better supplied with cat
tie and hogs. .
The opinion is general that the Gov
ernment restrictions and refulations
should be Ilfledotrudmlly. The sudden
withdrawal of Government restrictions
would no doubt cause a quick decline
in prices: whereas, a gradual change
will enable business to adjust itself to
few conditions.
Banks Heavy Holders Bond.
Banks are heavy holders of Liherty
bonds and certificates of indebte®Mess
of théir own investment, and collateral
to notes of customers. and the sudden
withdrawal of restricted credits under
Government regulation would cause a
sudden and heavy demand for loans,
with the ncoom?smylnc tendency that
easy money would temrt many to ven
ture inte hazardous Investments and
expand unwigely, This apprehension of
sudden changes in values and prices
has surrounded business with an atmos
phere of caution.
The plan proposed by the Govern
ment in connection with the demobili
zation of the army has met with ap
proval, as a too ragid demobilization
would have a rather demoralizing effect
on labor and business in general. La
bor conditions are viewed with exteme
uncertainty, Wa,ea paid and rules
practiced with reference to compensa
tion and oxJ.u time during the war has
somewhat demoralized both skilled and
unskilled labor for normal conditions,
and if the army is demobilized gradual
ly it will tend to restore actlvities in
'lines of industry at wages satisfactory
)to the manufacturer with correspond
ing lessening in prices of the necessi
ties of life.
With the }arevamng uncertainty and
high ?rlce of labor and raw materials,
mg.nu acturers are inclined to play a
waiting game until the situation eclari
fles, and are not stocking up with manu
factured products. Mills are not mak
ing contracts for future deliveries ex
cept In very small quantities in view
of these changing conditions, The
manufacturer is inclined to belidve that
he will more geverely feel the with
drawal of Government rt:(ulzmonn and
demands for materials and this will, for
a time, disrupt Jumber cotton and min
eral products in our section, as these
trade organizations during the war
have largely surrendered the civilian
trade for preferential Government or
ders and have not had time or oppor
tunity to determine any set policy.
While there is a general air of optim
ism, there appears to be no definite
idea as to what the future may bring.
Collections Intltfnc!or{.
While collections are reported to be
equally as good as at this time last
yvear, a considerable nnr{iun of these
collections is represented in cotton now
being held by merchants and present
prices are forcing the merchants to hold
the product until he can realize in
vestment represented.
With the contemplated increase in
ocean tonnage during the next six
months, operators are optimistie as to
the demands for naval stores, enfreria‘l
ly rosin, ‘urh a demand would corhe
at a time en it would be Impossible
to inerease the production as the present |
crop is about gathered. There will be
no new 'xxrodu(-mm until later in the
gpring of the new year. This would
leave rosin and turpentine in a very
strong position with tendencles for up
ward prices, |
The lumber trade is inelined to he‘
pessimistic; at leagt as to the next 8 or
10 months, largely on account of the
ban rlnood on ahlgmentu of lumber and
the emnln{ of Government dvmands.‘
and no great improvement is looked for
until matters adjust themselves to more
normal conditions. The lumber mill mer |
are complaining of shortage and insuf
ficient labor, poor ecar facilities and
Government restrictions are reducing
the output. The cost of manufacturing
lumber has heen exceedingly expensive,
The output s about 30 |per cent less,
while the cost in conducting their mills
shows an increase of about 25 per cent.
They report considerable decrease In
orders, and it is believed that Govern
ment requirements will not be in suf
fleient volume to keep them fully em
ploved.
The mercantfle business, while re
ported fair, Is not so good, owing to the
influenza epidemie which rraven!ed
many traders from visiting stores, re
sulting in a congiderable curtaliment
of sales, Business, however, |y Increas
ing and a large holiday trade is an
ticipated,
Flu Cuts Coal Output. \
In the Alabama coal fields the M
fluenza epldemic was disastrous to the
conl operators in Oectober. About 30
conl mines were forced to shut down,
The output for September, 1918, wns
1,544,769 tons—for October, 1918, 1,425,
219 tons. A loss in October compared
with Sepetmber 118,650, More mines
are now In operation and an increased
output s shown. Rallroad service Is
reported improved. It s also claimed
that within the next 10 to 15 du{- all
of the mines In this district will be
opering and that econditions will soon
become normal.
The plg iron plants report an in
creased output; orders for the Govern
ment are large, and the demand from
foreign Governments s enormous. The
production of rl: fron In the State of
Alabama Is all that could he dulrog‘
'!Te output In September, 1918 was 207-
'44 tons and In Oectober, 1918, 208,470
ons. !
The stesl mills are kept busy and are
making good showings as to output,
with orders enough L. keep them em-
Floyml and are not handieapped in mak- 3
ng deliverfes. The structural buildings,
in course of erection, were somewhat
retarded during the Influenza epidemie,
but conditions are bhecoming normal and
rood progress I 8 now being mate (g all
Dnfi of this industry
e cftrus erop of Florida (s re .
ed _good and though only about 70 per
cefit normal, shows an increase of about
50 per cent over last year. Weather
conditions have been favorable and the
crop is lemf marketed about 3 weeks
earlier than last ‘vfigar The preset crop
I 8 estimated at 5.550,000 boxes of ora;'gcs
and 2.900,000 boxes of grapefruit. rg
grade oranges are now gelling at $4.
and $4.50 f. .0 b. with an occasional sale
at higher prices
i e ———————
‘ .
Mrs. William T. Withers
.
Is Buried in Westview
Funeral services of Mrs. William T.
Withers, who died of imemrnh Bate"
urday afternoon at St. Joseph’s Infirm.
ary, were held at 2:30 o'clock Sunday
afternoon at the Kirkwood Baptisg
Church, the burial being ia Westview.
Mrs. Withers was one of the best
known women of Kirkwood. She was
chairman of the Kirkwood Parent-
Teacher Association, and a prominent
member of and worker in the Baptist
Church. Besides her husband, two
daughters, Helen and Ruth; a son, Gil
bert, and her father, W. A, Bentley,
survive. The son is with the American
Expeditionary Forces in France.
At the time of her death, Mrs. With
ers’ daughter, Ruth, and her father were
patients in the same hospital, suffering
from the same malady. Both are re-
DEATHS AND FUNERALS,
AMOS SHEARER,
Funeral services of Amos Shearer, 26,
who died Friday night at his home, No.
21 West Peachtree street, were held Mon
day at 11 o'clock and the interment in
Nhorthw"', with Barclay and Braandea in
charge,
THOMAS A. TURNER.
Funeral services of Thomas Addison
Turner, 16, who died Saturday morning at
a private hospital, will be held Tuesday
at 3:30 o'clock at the home of his parents,
Mr. and Mrs. Edward K. Cook, Ne. ISB
Peachtree Circle. He wps a scholarship
student at Lawrenceville Academy, it hay=
Ing been awarded him on account of high
standing at Staunton Military Academy,
Virginia. He was preparing to enter
Princeton. The services will be conducted
by the Rev. W. W. Memminger, rector of
All Saints Church, and interment will be
private in Westview,
MISS MARY FRANCES GOOLSRY.
Funeral services of Miss Mary ¥Frances
Goolsby, who died Saturday, were held
Monday at 2 o'clock at the ehgul of Aws
try and Lowndes, the Rev, C..M. Li
ham officiating, and [nterment wae E
Greenwood.
| MRS, EDGAR OLIVER.
Mrs. Edgar Oliver, 36, died Sunday
morning at 11 o'clock at her residence,
'No. 608 Ponce de leon avenue. She i 8
survived by her husband, one daughter,
Mrs. Goodloe H. Yancey, Jr.; three sisters,
Mrs. Ji B. Willlams, of Nashville, Tenn.;
Mrs. Dora Flynn and Mrs. 8. R. Sims; two
brothers, 8. R. and Henry Ogletree. Funeral
services will be held Tuesday at 10 o'clock
at the chapel of H. M. Patterson & Son, the
Rev, F. C. McConnell officinting, and ine
terment will he in Westview,
MRS, J. R. SMITH.
Funeral services of Mrs., J. R. Smith,
32, who dled Saturday at her hame, No.
60 Druid Circle, were held Monday at 10:29
o'clock at the chapel of Barclay and
’l;rnndon. the Rev. J., E. Hemphill offie
ciating, and interment was in Roswell.
1 MRS, SARAH L. RICHMOND,
| Funeral services of Mrs. Sarah L. Riche
mond, 85, who died Saturday at her home,
No, 1 West End avenue, will be held
Monday at 4 o'clock at the chapel of H. M.
Patterson, & Son, and the body will be
sent to Savannah for interment,
MRS, ANNIE KESSLER.
Funeral gervices of Mrs. Annle Kesslen,
73, who died Saturday morning at her
residence, No. 122 Centrzl avenue, were
held Monday at 2 o'clock at the chapal
of Greenberg & Bond, the Rev, Dr. Schaef
fer officiating, and interment was in Oake
land
MRS, CLATD HILDERBRAND,
Mrs. Claud Ziildebrand, 38, died Sun
day morning at 9 o’clock at her residence,
No. 336 Davis street Bhe is survived by
‘her husband, three small children, her
parents, Mr, and Mrs. M. C. Vaughn; twe
sisters, Mrs. G, W. Spivey, of Maceon, and
Mrs. . M. Campbell, of Stone Mountain
Funeral services were held Monday at
11:30 o'clock at Providence Church, near
Dunwoody, the Rev. W. F. Burdett offie
ciating, and Interment was in the churehe
yarfl, with A, . Hemperly in charge,
MRS, REBECCA P. HOLLINGSWORTH.
Mrs. Rebecea P. Hollingsworth, 77, died
SBunday morning at 12:30 o'clock at her
home, No. 22 Forres® avenue. She is sur
vived by two daughters, Mers. Robert P.
Martyn, of Colleg: Park and Miss Ida
Ho 'ngsworth; six sons, A. N, C. J., T, l;
P. A, and A. 8, of Atianta, and J. L.,
Pascagoula, Miss, Funeral services will he
held Tuesday at 10 ¢'clock at the chapel
of Barclay and Rrandon, with De. T, P.
Clevel «nd officiatirg assisted by Dr. D. M.
Melver Incermoant w'hh b 3 m Symrns
Mclver Interment will Le in Symroa
Cemetery, near Convers
MRS, DANIEL W. LUCAS,
Mrs. Danisl W, Lucas, 36, died Sunday
morning at 1 o'clock at her residence on
MeDaniel Road. She is survived by her
husband, one sister, Mrs. Dalsy Blankine
ship, of Atlanta; two brothers, 8. J. Hars
ris, of lLake City, Fla.,, and H. 8. Harris,
of Palatka, Fla. Funeral services were
held Monday at 10 o'clock at Marvie
Church, the Rev. Dr. Fodd o"lcllu:f. and
interment was In the churchyard, th H.
M. Patterson & Son In charge,
ADDISON TURNER,
The funeral of Addison Turner, the som
of Mr. and Mrs, Addison K. Cook, who
died Baturday morning at the tnr:lz rost.
dence, No. 158 Peachtree circle, take
place Monday afternoon at 3:30 o'clock.
The interment will be private. Mr., Tur
ner died after an {llness of mflue:r. fol
lowed by pneumonia. He contracted influ
enza while attending school! at Lawrence
ville, N. J., and was brought to Atlanta,
where he suffered a relapse, and died Sat«
urday. He was 16 years old and was pre
paring for Princeton, i
DORIS GARRETT,
Doris Garrett, 14, a daufihtaf of Mr,
and Mrs. Andrew Garrett, No. 248 Stew- ;
art avenue, died Sunhday night at the
home. Besides her parents, the follow
ing survive: Her sisters, valn and
Daisy, and her mndmothera. rs. R. E.
McNabb and Mrs. Annie rrett, the °
latter of Macon, Ga. Funeral u-l_-vicoa
will he held at the home at 2:30 o'clock
Tuesday aftermoon, the burial being in
Oakland cemetery,
MISS JANE HARRIS,
Misa Jane Harris, 32, died early Mon
day at a private sanitarium. Besides
her father, H. D. Harris, she is sure
vived by three sisters Mrs, W, A, Gow=
er, of Tampla, Fla.; Mrs. B, B Beck«
worth and Mliss Rose Harrls, of At
lanta; by four hrothers, Earl P. and T.
I. Harris, of Macon: H. D, Harris, Jr,
of Atlanta, and H, H. Harris, of Colum.
bia, 8. C., and by her grandmother, Mrs,
1. B, Pligrim, of Atlanta. The body Is
at Patterson's, funeral arrangements to
be announced later 3
I. M. STANLEY. t
Word was recelyed in Atlanta Monday
that Private I. 11, Stanley died at Fort
Riley, Kans., December 1. He fs sur«
vived by his wife and two sisters, Mrs,
H. H. Slkes and Mrs. P. A, Montgomery,
of Lugomn!, Ga. The funeral and in
terment will be at Harmony Grove
Methodist Church in Gwinnett County,
the date to be announced later,
WANTED--The voters of At.
lanta to know that if they elect
W. M. Johnson City Marshal on
next Wednesday, Dec. 4th, he will
collect the $9,000 in old Fi. Fas.
carried over for many years when
the city needs the moner.-—Ad.