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Cotton Exhibits Stonger Undertone on Renewed Buying for Trade Account; Leading Stocks Score Vigorcus Gain
‘BOLLIES’ NOT DELIVERABLE
ON CONTRACTS, SAYS BRAND
By VICTOR BARRON. \
Atlanta bank clearings Tuesday... ... ... .... $8,528,793.68
BRNS ouy 1A SOAY .. ..0 i 0 cieeh on sl L B ODATROR
THORORRS ... i ciasa viih ey WD el i SR DY KR
Do GaY 10 WOBK oo 3. cod oosiivei v nia o DIRSIROY
BONS OBY THAO Ui oo Hos oo s chnsh leen bes wie BERDITELS
» - .
Atlanta cotton statement T uesay:
1918. 1917. 1916.
MO i) o e s e TR 3,628 2,791
PRUBINONIN ¢oy poi sgeTuie nne 866 3,765 1,849
IO .os iiai voe aes scee s ROOND 47,334 79,076
. - .
Sentiment was more friendly to the cotton market Tuesday than for
some time, with demand of a better character and liquidation less pro
nounced.
Initial prices on the New York exchange were 10 to 45 points higher.
A small rally after the call was followed by a selling move accredited to
Japanese and Liverpool interests, with the result that the list reacted
within a few points of Monday’'s resting levels. Offerings, however, readily
were taken off the market by trade houses and shorts. This braced the
market and before noon values had risen so fresh highs for the day for
active options, or to a net gain of 45 to 65 points, with January in the
lead, reaching 25.40, against 24.53, Monday’s low. March sold up to 24.50,
May 23.95 and July 23.66. December held steady at 26.40, the opening mark.
These levels slighthy were trimmed just before the evening session
started on scattered realizing.
Marked improvement in the stock market, attributed chiefly to an op
timistic monthly letter by the National City Bank, together with expecta
tions of some relaxation in the money situation, coupled with reports that
banks now are more willing than ever to aid the farmer to hold his cotton
and official notice from Mr. Brany at Washington denying that bolly cotton
fs tenderable on contracts, furniseh thé principal incentives for the early
rallying power of the market. In addition to this expectatidns of greatly
fncreased export movement in the near future and the extremely strong
tchnical position of the market and strong Liverpool cables, added impetus
to the rally.
- hd »
SMALLER DECEMBER DISBURSEMENTS.
Figures compiled by The Journal of Commerce, shows that dividend
and interest disbursements this month will aggregate $176,565,576, as com
pared with $186,150,806 the same period a year ago. Stockholders of 165
companies will receive the sum of $73,406,576—a decrease of $11,844,230,
due largely to the fact that the United States Steel Corporation will pay
out in the aggregate only $16,519,831 to holders of the common stock, as
compared with $21,502,856 in the correspondifg period in 1917. Other com
panies, also have reduced their dividends payable this month, while several
concerns have omitted them altogether. A few corporations will make
disbursements to stockholders in scrip, Instead of cash.
ATLANTA MARKETS
(Corrected by Cone M. Maddox.)
Administration, License Number G-06583,
Apples.
Bun Dréed, §O-pound sacks ........ .13%
Baking Pewders.
48, BC .....ccooooooooooooo 180
® 1 pound ....ccoceoceee. 3.88
ord’s, ¥ pound ....ecc.... 3.95
Bran,
Plilsbury’s Medicinal Health Bran 1.35
Limas, 100-pound bags 15
~po e .
mfl‘l Btring ......ceoooo. 4.50
Catsup,
TR B 08 .c.ovisneiines 0D
b D DBEIS . ccosisssnresves SID
R.t(bauu. 24, 8-OuUNCO .....coooee.. 300
Toasties. 36 packages ........ 4.10
Cereals,
Kellogg’s Corn Flakes, 36 packages 4.20
National Corn Flakes, 36 packages.. 3.60
Krinkle Corn Flakes, 36 packages 3.40
Grape Nuts, 2 dozen packages .. 2.85
Bhredded Wheat Biscuit, 36 packages 2.20
Pillsbury’'s Vitos, 1 dozen pgks.. 2.20
Cocoanut.
Baker's, canned, 10 oz, 2 d 05.... 2.48
Imported, Shred. 130 Ib. cs. bulk .30
Domestic, Shred. barrels, bulk.... .27
Ceffee.
Arbuckle's, 100-Ib, cases ..........20.75
Arbuckle's, 36-Ib. cases .........20.95
Arbuckle’'s Breakfast, 24 1-Ib. pk{l. 244
Arbuckle’'s Java and Mocha, 24 1-lb.
SR -i it s h i esaniinrness R
Blue Ribbon, 1-Ib. cans ............ .30
Luzianne, 30 1-Ib. pkgs. .......... .30
PlEastion. S 0 PREE .icciviieris B 8
Royal, 50-Ib. bugs, whole or ground .18
8. P., Roasted Rio, 100-Ih. pkgs .. .16
Compoand. g
Lard Compound, 60-Ib. tubs ...... .34%
SRR Tard. P ... icisensnsis DD
Bnowdrift Lard, 1248 ..cce5+...13.50
Corn.
No. 2 Standard, 24 cans .......... 45.00
.. Floar,
Sweet Marie, felf Rising, 24-<lb.
Bweet Marie, self rising, 48-Ib,
BRERY . vaiierisrpiisinssensascrlilP
B-7Z Bake, Pliin Patent, 24-Ib.
SO oo Viisosissacissnnirstiz il lD
E-Z Bake. Plan Patent, 48-Ib.
BROEE o snevs visnsreninssneessTßD
Pillsbury’'s Best, 24-Ib. sacks ....12.00
g:lillty, BODT DU ..o eninisissßiß
re White Corn flour, 100-Ib.
BRI v crvin e avasEni s viwashy DD
Whole Wheat Ficur, 98-Ib. sacks.ll.2o
Pure Graham Flour, 98-Ib. sacks.ll.os
White Rye Flour, 98-Ib. 5ack5....11.05
Dark Rye Flour, 98-Ib. sacks ...... 8.30
Barley Flour, 98-Ib, sacks ...... 8.95
Pumpernickle, 98-Ib. Backs ........ 9.66
Grits,
200-Ib. bags, medlum ............ 500
Puackage Grits, 24, packages ...... 3.75
= e, it Jars. St
Half gallons, per gross ..........11.80
grnrta. POF ETOMA .....co000000000:¢ 9.40
NS, POFr ETOMS ...ccccoscescvsces 5.00
g:;. PP BYOM .cvcosssescnsocne 888
- DO B ..iicrsassenatns DB
Hominy.
Bougland's, 24 2MB .....ccec.c. 3.40
Kraut,
Hougland®s, 24 248 .......coceooe 810
Macaroni.
White and Blue, § and 10e.... 1.90
R, 30=1D. DORES ...cesvsnsncnese 28
DArrels ........covoooveccess 09%
Mink.
Carnation, 96 6-03. cans .......... .50
Carnation, 48 16-oz. cans ~....... 7.20
Dime Brand, 48 11-0%. cans ........ 6.66
Bagle Brand, 48 15-0 z cans ...... 9.20
Mince Meat.
Atmore's 1-Ib. bricks . .........cOOOO .20
Atmore's Condensed. 26-Ib. kits .... .18
Molnsses.
C-00, Louisiana Molasses, bb15..... .40
guck Btrap, in barrels ............ .40
0. 12, New Orleans Molnsses .... .44
Aunt Dinah, 48 1%-Ib. cans ...... 4.30
Muscara,
24 T-on ;-n tisrsnsnsenssssssseee 5,80
Libby’s, 24 l-gl. thsssessesceesss 5,00
Ontmeal.
Purity, 18 round packages ...... 2.00
Ol
Union Cooking Ofl, drums ~...... 1.65
Womnol, 34 DIBED . .onscvossonneeses 1.08
Wesson, 6 IAFK® ........ocionoees.. 8.88
Wesson, 8 1 gallons ............16.76
Wesson, 2 5 gallons . ......c0000...10.60
Okra.
24 No. 2s, Dwarf, canned ...... 3.20
Peachen,
No 2'&0«"!"\ Pie Peaches ...... 3.50
No. 2 orgia _Table Peaches ...... 3.60
Peanut Butter,
24 Boz Jars, Kellogg's ........ 4.40
Pena,
No. 2, extra wisted, 2 dos. .......... 478
No. 1 Bieve, 24 2's, N. Y, State.... 5.70
No. 2 Bleve, 24 2's, N. Y. Btate ..., 5.45
California Mlackeyes, 74<1b. bage.. .00%
Peel,
Candied Citron Peel, 20<|1b. boxes.. .40
Pepper,
Durkee's, Black Ground, 5§ or 10c 4.00
Bee Brand, 10c black, ground .. 3.60
Black Ground, 16:1b. palls ~...... .40
Pork and Beans.
Van Camp's, 48 I's.. ............ 540
Sagnr.
Btandard Mine Granulated Pure
Cane, in bble. or 100-Ib, sacks .. 9.60
Sage.
Rubbed, 6-Ib. hoxes ......covssuse 60
f: GolD. BRI . .iscossvseececs B 8
fiu, whole, In barrels . ...cceeeses B 8
Postum.
Dozen large, regular ....e..... 228
dozen small, regular .......... 2.70
ted, PORUIAY ... iciceievecees 3,80
&n large, instant ....000... 4.50
n mmall, instant ..ieeeeees l.a
IDSLADE . .4 cosvessocsocses B
' The total of dividends is based on
disbursements to be made by 120 in
dustrial and miscellaneous companies,
23 steam railroads and 22 street rail
ways. Interest payments will approx
imate $103,250,000, against $100,900 in
the same period a year ago.
A summary of December dishurse
ments, with comparisons, follow:
1918. 1917.
Industrial and
miscellaneous
companies ..$59,494,507 $70,636,855
Railroads .. .. 11,106,819 11,574 269
Street railways 2,805,250 3,039,682
Totals .. ..373,206.576 $851250,806
- -
BRAND NAILS ANOTHER ONE!
The death knell of the bear contin
gent in cotton is ringing louder daily,
and the final tap momentarily is ex
pected. One by one the false prop
aganda being circulated by the
mountebank clique is crumbling be
neath the deluge of INDISPUTABLE
FACTS, which soon will rid the at
mosphere of all misleading and false
utterances of those who apparently
are willing for the South to again
face a period of depression similar to
that historic and never-to-be-forgot
ten interval of 1914 for the mere sake
of fattening their own purses.
But their props are falling, and
they KNOW it, too. An old expres
sion is timely here: “A dying chicken
kicks until its last breath”
So, too, the d&lrlé I;-efi;v-e’Iement will
kick until it is completely erushed.
The latest of the false reports of
the hear crowd were tagked to the
wall Tuesday by the receipt of an of
ficial bulletin to the Atlanta Com
mercial Exchange from Charles J.
Brand, head of the cotton committee
at Washington branding as ahbso
lutely untrue the statement that the
distribution committee hag ruled that
“bolly” cotton is tenderable on cot
ton future contracts.
— ATLANTA SECUR(TIRS.
STOCKS— | Bld. |AskA
Atlantic Steel Co., com. .....[IOO [llO
DI . hiiisiasassiniia BN 24
At. Tee and Coal Corp. ......| 62 65
B PR coiiiss siaiesresl T 8 75
Atl. and W P. Railroad ......[l5O [l6§
Atlanta National Bank ......[285 |296
Central Bk. and Trust Corp. .[l5O [163
Fourth National Bank ........[313 |l3
Augusta and Sav. Raillway ....| 92 "
Atlanta Trust Company .....] 80 0
Exposition ‘otton Mills ......|lB5 [l9O
Fulton National Bank ......[117%[120
Empire Cotton Oil, common ..| §7 | 60
B B i siaeivntiis D
Gate City JVotton Mills ~....[226 S
Ga. Ry. and_ 3ansing Oeo. ...{2%5 ["33
Ga. Ry. and Rlec. €O, .........[llO 12
40, Bp. & ...ccovooooooo-.] TR | 80
40 30 DL .iiis vs oed 13 "W
G 0 COMMON csovss sesverel P 1
Lowry National Bank ......[220 [22%
Southwestern Railroad ........| 96 ”
Third National Bank ........]216 [llß
Trust Company of Georgia ....[2BO [285
Atl, Coms, St. Ry. 68 ........[llOO [lO%
Atl.-Char. Airtine S= . . .......[6.10 [Basls
Bends.
Atlanta 3%5, 1940 . ...........] 4.4o{Baste
Atlantic Tce and Coal, 6s ....[ 93 "
Atlantie Steel 68 ..............] 98 |97
Ga. Railroad and Bank. Co. ....| 86 |B9
——————————————————————————————————
Libhy's, 48 - 2.40
4 ", B Lol csitn i B
Kingan's, ““'- Sasersentssinsvgss D
Salad Dressing.
Dorkee's Picnic, 248 .....ciceceee 308
Durkee's Medium, 248 .......... 590
Libby's, 24, Popular ........eeve.. 3.830%
Nalt. |
Ozone, 25 2.1 b, packnges .......... 1.00 ‘
Chippewah, 100-Ih, hnfn sevsecesss 117
Baker's Salt In barrels .......... 4.26
Sardines,
¥ Ol Keyless. 100 cans .......... 1.28
i Mustard, Keyless, 100's ...,.... 1.26
% 01l Carton, Keys, 100’8 ........ 7.7%
Soap.
Clean Eagy, 60 Dars ......cocoo.. 5.80
Fel's Naphtha, 100 bars .......... 6.00
Grandma's Washing Powders ...... 3.00
Soap.
Campbell’'s Tomato ........ceooovs. 468
Spinach.
LI 84 SU' .. .iiiieicnsies &98
A B-Ib. pack 8t 01
0, 6<lb. packrges, 0 CABS ...
g White Pish.
100-pound kegs, Lake Herring .... 8.85
fo.pound kegs, Lake Herring ...... 6.8§
B-pound kits, Lake Herring ...... .88
All goods quoted f. o. b, Atlanta, Geore
tin, net cash
Syrup.
PEagle Brand, barrels . . ....ooovaue. 87
Fancy Sugar lyru{. HEBL ceovvvnoes T 8
Refiner's Sugar Byrup ....cceeee.. B 8
Alagh, B-108 ...ioo¢ incesnsnnces 600
Alagn, 12-88 ...ceccssvesvccescssss 6,88
Alaga, 8-I%UB ..cciccssssisincces 1.00
Bonita, 6:108 ..ccocevccvcresscess 5.00
Bonita, 12-58 .....cevivcssiinacess 626
‘Romu. “-l\‘: sessssssssescsassss .00
Falrday, SB-1%8 ...coiovvvenrecess 6,40
RIROD, - Aoo3B iovicissriiisesoves GO
ill: Fa H t‘m?‘.kd 3.00
38, ney Han acked ~...... %
Vienna Sausage.
Libhy's, 36-%s . sripchnsosissone OO
Vinegar.
Pure Apple, 'n bbls, bulk .. .o.oooe 4B
Colored Distilled, bbis, bulk ...... .36
Wiite Plekling, in bbls, bulk .... .25
Yiue Ribhon, quu’u sasssssesssess 1,88
Blue Ribhon, pints . ...iiivrrancnss 90
Jockey Club, QUArtE ...covuirvrvnss ).a
Jockey Club, DINS ..ioessssvessess L
Egt]
LOTTONDIPS A
JAPAN SELLS
NEW YORK, Dec. 3.~~Belling of March
cotton by brokers identified with Japan
ese interests was the feature at the
opening of the cotton market today, and
it Prevented a full response to firm
cables from Liverpool.
First prices here nevertheless were 10
to TLS‘J)oInu net higher.
m{l became quietr after the start,
and at the end of the first 20 minutes
prices showed a gain of about 5 to 20
points.
NEW YORK COTTON FUTURES,
| k | ]Lu::.l Prev.
(Open High!/Low (P. M.| Close.
Dec. . . .|26.40{26.40(26,10{26.40/26,95-10
Jan. ~ . .[25.00)/25.40/24,85/26.256/24.75-85
lOy s i iAA AR
Mch., . « .]24.25 ZI.SOPLOG 24.41)23,98-24
AN s deccintie i dilaiviilise eOO 8
May o o ./23.53]23.95/23.40)23.82|23.40-560
JO o et il itk vi o TBRRR
July , .23.20}23.60 23.20 23.60?23.10-20
AU oy Al s Livaedsssialiar el 8
Sept. . . l"l 20.60-90
OB il Tt it oLA g
NEW ORLEANS COTTON FUTURES.
i 0 I |12:80| Prev
|Open|High|Low |P. M.| Clowe.
Dec. . . .|25.30/25.60/25.30/25.60/25.0
Jan. . . .|24.50{24.65{24.20 24.68'24.00-00
Mch. . . .|23.60]23.82/23.32/23.46|23.20-30
May . ~ .|23.00/23,40/22.91]23.39|22,78-80
S xR i .....‘.....&22.50
o 7 ORI OTIR R N
LIVERPOOL COTTON.
LIVERPOL, Dec. 3.-—Spot cotton was
quiet today; prices easier; sales 1,000
bales. American middling fair, 22.02; good
middling, 21.36; middling, 20.73; low mid
(ll!{lgg. 19.68; good ordinary, 18.15; ordinary,
Futures opened steady. 5
Prev.
Open. Close, Close.
Detetnber .. ~ .. ..15.14 10.48 1814
SORREER .. .. sy 2R 08 RN 1008
TEDIRArY .. » . 1708 IFLBL 1700
MAFCE . . ea oes 336,35 16.93 367
MU v vt e e AR TR
Closed stegdy.
COTTON GOSSIP.
E. F. Hutton & Co. say: *“On basis of
midday cables in Liverpool, the New York
market was due to open 100 points higher,
Monday’s decline was due largely to liqui
dation by tired longs who alse became
frightened at the press report that fur
ther restrictions would be placed on sell
ing. The market is still, however, lacking
trade support and until there is better evi
dence of this class of buying, we doubt
if any advance of consequence will be
maintained. After the recent liquidation
it is only natural to expect some upturn,
butl would buy only on good breaks for a
scalp.”
The Times-Picayune says: ‘““The further
decline in econtracts Monday can be at
tributed partly to the unsettling effect of
recent restrictions on trading like the pro
hibition of speculative short selling and
the ruling that ‘“bollies” may be delivered
on contracts if equal in value to good ordi
nary and of proper staple, and partly to
the accumulation of large stocks in the
South owing to the lack of sufficient ton
nage to carry cotton to Europe, where it
is badly needed. The total lack of spec
ulative short selling discourages speculative
buying owing to the fact that the market
has become one-sided. With no specula
tive shorts to cover on favorable develop
ments thus leading to rallies, there is little
incentive to speculate on the long side.
The heavy hedge selling against cotton in
the South, which has provided the bulk
of the selling recently, is of no immediate
benefit, as an incentive to speculation on
the long side, as the short hedges can not
be stampeded, they heing back only when
the spot sare sold. A revial of an urfent
spot demand is therefore needed to lead
to the buying back of hedges.”
ATLANTA COTTON SEED PRODUCTS,
U. 8. Fixed
Description— Pricea.
Crude oil, basis prime ........... 27
Cotton seed meal, p. ¢. ammonia. .$55
Cotton seed meal, 7 p. ¢, Georgia
common rate point ............$55
Cotton seed hulls, loose ..........sl6
Cotton seed hulls, sacked ........nominal
Linters, clean mill run .......... $4.67
If DRUGS AND CHEMICALS !
A I
Corrected by General m;Mbnfinf..Ca.. At~
lanta, Ga., U. 8. Food Administration
License No. G-5%394.
Acid, Benzoic, U. 8. P, Ib. ... 3.75- 3.00
Carbolic, Cryst., U. 8. P., Ib.. 4. 47
Carbolie, Crude, 10-25 pet., gai 28- 40
ORRie. CFPtAL. 8. ... ciocao 42- 44
uxalic, Powdered, 1b......... 47- 48
Phosphoric, U. 8. P, 1b...... 46- 50
Salicylic, U. 8. P, 1b........ R - 90
SNearic, D. P., 1D.....000000s 36 39
Tannie, U. 8. P, Ib...ecvevee 1.40- 150
Tartaric, Cryst., WD..cccoeves 86 9B
Tartaric, Powd., 1b.....c000s 86~ 93
Alcohol, Denatured, ga1........ €9 783
U. 8. P, 190 proof, ga1...... 4.91- 5.00
Wood, 95 per cent, ga1..... 91%-92
Allspice, in bnf-. IDicivsranees 10 1B
AN, PONE. I ... i cvcuere 8- 13
Balsam, Copaiba, U. 8, P, 1b... 71&- 80
Copaiba, Para., 1b........... 62%-65
Port, 1D . .cccicicanvessnses 538« 548
T B i.ciiisicenaneseces BEDe KOO
Bark, Bayberry, Ib......ccoeeeee 6- 10
Cottonreot, 18.....ccc0000000es 14 18
Bus Bark, IB....cooosouvsee 9 8§
PHORIP ASH, 10..i.0050000209 3+ B 8
Beans, Vanilla, Mex,, Select, Ib. 6.00- 6.00
Vanilla, Mexican Cuts, 1b..... 3.25- 4.00
Vanilla, Bourbon, 1b......... 2.26- 3.50
Vaniila, Tahati, 1b........... 1.65- 1.76
Berries, Juniper, 1b...........00 10« 15
Saw Palmetto, Ground, 1b... .. 26- 27
Camphor, American, 1b........ 1.18- 1.22
Cassia Buds, 1b..........cc000.¢ 38+ 33
Chloroform, U. 8. P, 1b....cc000 63 170
Clval DN T iciisiovirees 3 D 8
Coumarin, C. P, 1b......0000e 30
Cream Tartar, U. 8. P, 1b...... 68%-70
Glécerine, C. P, Drums, 1b...... 68
L . O I 8 . ccvsnsinnrones - 0
Gun Tragacanth, No. 1, white, Ib 3.50. 3.78
B B Mhicicarcisisinsnarons BTN BN
Powdered, b, ............... 3.60- 878
Leaves, Buchu Short, Ground, Ib. 1.65- 1.70
Honna, 18, ....icocoooooooooo 38 39
BaPS, D ...ccocvavecsccncene ' 82
Benna TIDA. ....:cooooooooooee 16 19
Kola Nuts, Bags, 1b.........000 24 26
Nutmegs, 105-1108, 1b......0000. 38 43
‘Nux Vomica, Powd, 1b......... 17- 19
Olls, Sweet Almond, 1b......... 2.50
Anise, 11b.......ci000000000000 1.30- 146
Bergamot, Ib.....ccoeneeveess T. 50
Castor, ID.....ccocoevecscccee = &1
Olove, ID.....coccsoooosoooooos BBse 5.30
~ Coriander Seed, Ib....ccvvsees 30
. LAMOR, 1D.....ct5000000000000 LBO
Mirbane, Ib......ccoonvennaees 32- 24|
Mustard, Ilb......usvesesnses.2l.oo-22,00
Peppermint, Ilb......cceooeoee 5.50
Sassafras, True, 1b.......... 2.50. 2.60
Sassafras, Artificial, 1b......, 50. 62
Besame, Bal. .........0000000 876« 4,00
Pepper, Black, 1D....i..0c000000 31 33
gmnlno, 100-0%. cans, 0%...... 90
oot, Blood, 1D......5000000000e 43+ 80
Cohosh. Black, Ib......coveeee 13« 18]
Cohosh, Blue, Ib.....ccovveeee 10+ 14
Gentain, Ib.......iiiveecnvess 18- 20
Ginger, African, 1b......c..00es 13%-17!
Jnlng.. W boosacssisesconsene S 081
Rhubarb, H. D, b....covvnas 10-1!“‘
Bnake, ID......cciovosoncvoese 3B
Beed, Anfe, ID.....ovivevicncees 28« 30
CATAWARY, .coocrissoscscsee S 8 13
Colery, Ib....cooovavescsccens 0 &8
Corlander, TB......cooececivsee 18~ 30
88, I i iocsesrasinnscennes . 30N 212
Boda, Benzoate, 1b.......c00005s 3,10+ 3.35
Bichromate, IB...ccouveveesses Sle 33
VaBIIN, "08. s ssiiiasvosnessns B 0 98
Witch Hazel, U. 8. P, 14 pet |
ale., ,nl sikesenssse il LD
Dyestuffs: Market on sulphur and dl-l
rect colors very firm with bl" demand.
All above prices are f, o. b. New York or
factory to i%bbofl and o original pack
gos
ST, LOUIS LIVE STOCK MARKET,
BT, LOUIS, Dec. 3.~Cattlo—Receipts
8,800, Market gteady. Native beef
sters, 11.50@18.60; goultnl beef stoers |
and heifers, 9.60@16.00; cows, 7.76@13.50;
#tockers and feeders, 5.60@12.00; calves
7.76@17.26; fair to prime yearling beef |
stoers, 10.00@ 18.00; bes cows and hllf—l
ers, 7.50@16.00. I
Hogs-~Receipts 7,600, WMarket, 15@26¢
higher. Mixed and butchers, 17.66@ 18.26;
good, 18.00@18.25: rough, 16.40@16.50;
lights, 17.60@17.00; pigs, 13.00@16.00;
bullk, 17.65@18.10.
pe—Reecipts 1,400, Market steady.
" 8.00@9.00; canners sand choppers,
s.oo@9.oo;lambe, 156.00@ 15.60,
A\ A™ RS 77”77# No ki
MARKETS FINANCIAL
“GET READY’ FOR WORK OF
RECONS TRUCTION, BANK URGES
By THE EQUITABLE TRUST COM.
PANY OF NEW YORK.
It is indeed high time that we take
into serious consideration the duties
which we have to take u¥n ourselves
now that peace is here. o be truth
ful, we must admit that, as a nation,
we are as yet totally unprepared to suc
cegsfully face the intricacies of the eco
nomic sequels of peace.
Other countries are making ready for
the work of reconstruction which will
confront the world. In England, the In
dustrial Reconstruction Council has al
ready given much thought to the after
war problems, and it is ?od to see that
it has been urged in the Senate that
measures be taken in this country in or
der to assist our people in the gigantic
task which they will have to tackle.
Now, more than ever ‘“get ready"
should become the motto of our business
community, We can not afford to have
any patience with the ogtlmilu who ex
pect splendid things to happen, and who
are contented to leave things in the laps
of the gods. America must prepare her
self for the economic struggle, not in a
haphazard manner, but in as thorough
as goasible a fashion.
The post-bellum period will be rich in
rewards, but only the bold and well
armed will have a chance to reap the
harvest. Sir Albert Stanley, president
of the British Board of Trade, declared
frankly the other dx?r in a lecture on
“Commerce and Industry After the
War” that merchants and traders will
have to meet very serious competition,
and that the patian must prepare for the
keen economic struggles of the future.
Sir Albert, whose functions have given
him an excellent opportunity to survey
and gauge the national acitvities, is not
contented with anodyne remedies; he is
fully aware of the necessity of reshaping
as it were the complete industrial struc
ture of the éountry. One of the first
problems to solve he says, is such an
organization of industry as would make
possible the complete overhauling of the
industrial equipment, and establish large
scale production in all cases where it is
economically advanta(feous. whilst in no
way checking individua! initiative and
enterprise.
“Maximum firoductlvity” is the slogan
inscribed on the banners of the experts
in foreign trade matters, and Sir Albert,
who is a very strong advocate of the
New York Stock Quotations
12:30{Prev.
TOCK ; Low.|P. M. Cl'se.
STOCKS— |High.| .‘!;1 ."
Allis-Chalmers . . 11” 31 bl
an et it il il B
American Zine . . 384
RN g susil i 12{%
p g Beot Sugar .| i sm. Si%| 51
P 4615 4:%' ®% u:/z
s o I ;" gg%
o pref. . . . . 215
Sa T “‘ "*[ lg;%
m:ocgttoh oil . ' sevaf eoeod 38
de- Pt s . Cl% % "%! cox
Amn. Locot. ¢ eoes |O% ”* lgg
FeE. . o o
'Amxfos?uemn. £ ”*lq " PR 07k
Nt P Cise |B9kn Po
T qut § el il e
- sug;;r o d "”'l6ii£“(l>;
o pref. . . . .| o
Amn. Tel. & Tel. ...ixgzuixgsul u u&
A T o e reorf 94%
- prneedet' SR 'f:.‘ vl 20 4B
Amn. Lin > o% sk b ,‘s;%
BEE. s o 9 o] snes 1108
At. g‘.’ Pod W x ""’“I‘??%l % .
Amn, H. and L, . . 1.i.....1--l oyt il
M O -Bl o e i%
A M:r':to"m oel ....P:oy.
o HEP Y ARYIL o=
Amn. Tobacco s "*; %) 4 [osy
Alask s‘('}':id“ At in oy ié'x'f ‘g:i
Alaska ¥ 5 N 6516/
R s '|“m| “vk
e '|A...|...,'....’!!
g 0 poet. . i .‘ W iR .i
L T e “.“.:125%
‘Bal.d:n‘:; Ohio . .| ssg‘ ss%| 63| Se 3
Bl . 2 resih e gIERN
Booth Fisheries . .1::..| ....1....Ng
Betn: mrest pved. | lot i 1 108
' Beth, Steel Pref. of o aail 68
Beth, Steel B ... .| Byl B 8 8t Y,
BrOOk'snbegér' gt 20%
tte Su smecl o e
g\\:tte Cop. & Zine risal Saai] reit o 8
Cal. Petroleum . . , i Al B
ac i anal | [
gg:s and Ohio . |1 n“v..‘l nul 9% "2
S i vad all 1;3“
Pomp e, ) i_.’.“.!x"
gf’"n{' .:;d'm. P. [4751, ‘.7".0 ”_“" ;;%
" POl .- .&l S i s
(-hinoo ((g;ypor o u?"l .’!W.{ i‘.-"f”"‘;‘!
O L T . siacd] s ;
corn, <l “*! e o 102
e T 87% | 8634 6714/ 5
Crucible f::el . oms Ao B! b !lw
do-pref. , *. ~ L 3 i 3
Cuban Cane Sugar :oul hl 0% a 0
dopret. . . s . 6oik| S 9! Goig ‘.l .
Central Leather ~ . Pl] Sl ‘m."
.O, 20| 207 | 203 19%
" Tl A T
Chandler Motor . . st Lin
gt o ....Ilg:
Cant. ON .. .. = ol esae] eres
I. and Hudson gl o 3 t“‘é
ant. Securities . :1 ;:%; "::‘ "& ;:'n
TR et s e .
e ety s
do pref. . & l ”.Hésu
Rt e sl] i B
Gone¥ly Bieewrie .1) 11 e
General Motors . . . ‘ :‘%
Goodrich Rubber . oft oßisl o¥ad ....‘I '
do pref. . . . " 3..“ 9 [.‘é
Gt. Nor. pref. ... Sl 2ul Mkl 3:
Gt. Nor. Ore . ... .a
- :'
do pm" T e Sans e CRER
Gulf Btates Steel . . Kty raevfonns "g&
’M' w“ a . e . e ..
Greene-Cananea . . RSEE il secs "
B, Omteal . oo wlal u '
B T o M a 8
TS e o ssenl caee '] 961
do pref. . . oß| o 7 '“%)"
Ind. Alcohel . . ’ek
do pret. . . . EARTINETIN 8
Int. Nickle .. . Wiy SO e s
tne Pper 0.. | K 3ik 3in| 30
e e AL, T =u
PR .'..'| U H 'O%
}(('ln(.“and Texas . sl oo oef 8
Kelley-Spg. ... .l .
z FERTILIZER MATERIALS. ?
Corrected by HARRY COHEN, United
States Feod Administration License Ne
G-27360.
Nitrate of seda, 95 per cent, prices pom
inal; no offerings.
Bulphate of ammonia, wulk, £. o b
works, 100 pounds, $7.80.
Blood, e a. f., Atlanta, bulk, Ear unit
ammonia, $7.25; tankage, f. o b. Chicago,
bulk, per unit ammonia, $6.75: unlnfo. r.
o. b New York, per unit smmonia, $6.75.
Nebraska potash, o a f. Atlanta, $5.00
per unit potash.
Camp Gordon manure, f. o b Atlanta,
per ton, nominal,
Acid 7phonphuu. e A f. Atlanta, bulk per
ton, $17.26.
Tobaeco stems, e, A f. Atlanta, r unit
potash, $6.00; per unit ammonia, ‘:00_
3‘B°l‘l. c. A f. Atlanta, per 1,000, $3.20@
flo{ bean meal, f. 0. b North Carolina
points, 8% per cent ammonia, 2 per cent
potash, Ivo per cent avallable phosphoric
acid, per son, SB2 60,
Bone meal, steamed, I to 50 per cent, “
$35.00 f. o. b. Baltimore;, raw, o\% to b
per cent, at $42.00 f. o. b, Philadelphia,
both buyers' bc?
Peanut oil, $1.36 In bu,-rr tank cars; in
barrels, $1.40; buyers furnishing barrels
prices f. o. b mills
Poanut hay, $15.00 f. o b Atlanta,
Velvet bean meal, %“'“ f. 0. b Atlanta.
Peanut meal, $50.00 per ton, £f. 0. b, At
lanta,
EX-DIVIDEND TUNSDAY,
Btocks-- Pet.
linols Centeal ......ciiovsveinsesesddt
American Bumatra OOMMon. .. .. eeeslß
maximum productivity theory, expects
that greater attention be given to scien
tific research in its application to indus
try, and that the workers be raised to
‘ the highest level of efficiency.
Now we may, perhaps, be allowed a
small amount of g:de in our achieve
imanu. and say that America's indus
trials have given a splendid account of
themselves and that we may expect they
will weather the critical after-iheé-war
‘readjustment period. The ?rocoas of
changing the waz-product vity into
peace-productivity will net be without
difficuities, but on the whole we may
hope that the splendid and healthy or
ganism of our war industries will not fail
to adapt itself to peace conditions. A
sudden change of climatic conditions,
does not affect a sturdy body and we
may presume that the recasting of pur
productivity will follow a smooth course.
The importance of the readjustment
period problems should not be minim
ized, although the swiftness with which
America's plants and yards have adjust
ed themselves to war needs constitutes a
yrecedent wamminz a hopeful outlook
or the comlnf readjustment. But as
the success of this readjustment will
greatly depend on the way our foreign
business relations are conducted, we
must not allow ourselves to rely entirely
u?on the achievements of the industries
of the country. And we must remember
that in foreign trade one must take into
consideration the foreign buyer; the
moment a satisfactory article has been
turned out by American skill, only half
the battle has been won; complete suc
cess is achieved when the foreign buyer
has been appraoched and convinced.
Generally l#)eaklng, the most distin
guished craftsman is not able to market
his product without the assistance of the
glib and shrewd salesman. American
industry will take care of itself, but it
has the right to expect that American
finance and American organizations de
vote to it their unrestricted energy to
promote and permanently establish for
eign trade which has now become indis
pensable to the welfare of the country.
Therefore it Is now the duty of our
financial and business organizations to
form, improve and develop foreign rela
tions, not only by study and concen
trated efforts, but also by carefully
seeking the society and cultivating the
friendship of the people we desire to win :
| 12:30|Prev.
STOCKS— ;I{lmp Low.|P. M.|Close
Kennecott . . . .| 36%| 36%| 3 3514
Lack. Steel . ~ . .| 69%]| 69 69 68%
Lehigh Valley. ..| 60%)| 60% 60 60 %
TRV . « of soii] ssvel seve] SN
Ba 00 Moo o ¢ oo sonal siusl oneelißß
Maxwell Motors . .} ....] ....] «...} 28
Aa I DRI of sovil seosl cono]l BB
G B PP, o ssiolaicil ol BB
Mo. Pacific (new).| 27%/| 27%/| 27% 27
B B . vo) sianl ssasl saes II&
Mex. Petroleum. . 163% 1563%/162% /152
B B . v o icait siind ressißß
Marine. . . . . . .| 27%| 26 26 27%
do. &el’. .. «115%4]110 1113 /115%
Miami spper . | 25 25% 25% 24%
Midvale Steel . .| 44 44 44 sߢ
National Conduit .| ....| ....| ....] 15
National Enamel .| 45%| 45 45% |44
B DI .0 o) ssisl ssssl siool B
N, Y. Central .. . . 70* 8% 79 19%
N. Y, N. H. & H..| 36%| 36%| 36%/ 36%
National Tasll , <] ciocf soav] vnast 88
B B v ol il wvied s e (IR
AR R S S P
O D i s wl rinil sasel asiel 18
Northern Pacific .| 97%| 97 97 96%
RO W vl viend ot B 0
ey, Col CObr: o] ...l coasl cansl HID
»ghlo Cities Gas. .| 42 41% | 42%| 42
itts.-W. Va. Coal.| 38% 36%| 36% 35%
B PP v v ol svar) suan] seeskt I 8
Pere Marquette . .| «...f +oo.] ....[2Ol
Pennsylvania . . .| seeef soeef ooee nz
PINO-ATToW . o o} coosf svee] sO.l 83
B PEOE 00l sisslb st 3ss:d BB
People's Gas . . .| 63% 63%| 63% | 52
D Bl ORp . o ] ievi] ceie) vees) B 9
B DR & % ok havel vich] wvsul B 9
Pittsburg Coad . ] coes] cves] 20es “2
OB IPUPOE. ; . ol sseef sues] i BA
PN . sl daast ssiik il BB
Ray Consolldated .| 21% !lk 21%| 21%
TR . . P e 84% | 84% |4%
O 80l s i)l il il ieeel BB
Rl E. i g% 6% 6% Tik
W PEOE, . ¢ o} sseil waeek sie fl&
Rock Island . . .| 28 27%| 27% |27
G 0 PO A « o] cerilseesl «ivsl BN
O PIOE B o) viail vevel saiil 1B
Ny. Nosl BOrings.} co'f sevsl avsel 138
B B . v ol aibel sueal diens noou
Sears-Roebuck . .} ....] .eac] +...]160
B DO 5 iy al eviik desdl susnlßiß
Sloan-Bheffield . .} ....] ceo:f .00 462
Southern Pacific .[1043%/103% 1.3& 103
Southern Railway .| 31%| 31%| 31 32
o 5 DS, .1 it gaes ..,.|"
Studebaker . . . . 5:%' 51 63%, 51%
do. fienf. . ] stk vivil vl B
Bt. L. and 8. Fran.| ' isonk il IO
TR M CNESR S §SSR 8
Sinclalr Ol .. . 31%‘ 34%| 43| 34
A Ba'i v iovin] il SEisl wen ' 10
do. pref. . . o) ;.4 1 sarel BB
Swift & Co. . . . (1243|1243 (1243 126
do. pref. (new)| 45% 4515| 46% | 456%
Tob. Products . .| 7%/ 78%| 77%| 76%
Tenn. Copper . . .| 14%] H%l 14% ) 14
THivd Avenwe .o .1 siii]l hovs vl 25
Tanas Ol . .. ¢ 109 ;11. 189 18444
TUEEE PEOITIE . i Jd sk vreil ca iDD
TR T (R Rl SRR S | T
Union Pacific . . | 00l eeeef ae1130%
do. pre: o ok Giaik tiitt ik T
U. §. Rubber . . ‘ 3% 73" 7| 18%| 713
do. pref il il riail i D
U. S Steel . . . .| 97%!| 96%| 96% | 956%
o D . o il iies) 1107%
U. Cigar Stores . .[104% 104 104 103 %
O PR . v i) ies il 106
tUtah Copper . . .| 78 | 77%| 78 | 11%
Vao, Chemioal .} ...} scil i i 88 |
do. pref. v . of 00l cioof o 1
Wabash .... .| 10 |lO lm 9%
do. pref. A . .| 39%| 39| 39% 39
G DUAR 8.0 ol siesl coen) cinol 2800
Western Maryland | ....] ....] ....] 13
WillyaOveriand . | 3| 24%| 34k 2ex
ys-Over 0 .
80, Prof. . o of evce] sevof ocoe] B 8
Woolworth . . « of seeef coeef «.c.]218
Westinghouse . « .| coee] seosf seoof 46%
White Motor® . . .| ..eof 000 l 2001 48
Wilson Packing Co.l 10 | 69% |7O 69
BONDS,
U. & Lib. 348 . . ./99.00/89.00/99 00 93.9
do. Ist 4s , . . .|95.30(95.30/95.30(96.30
do, 24 48 . . ./94.40/94.32/94.32 94.30
do 4%5. . . . .|96.80/96.78 96.50 96.80
do. Ist 4%e . . . [97.74 01.14!".10‘01.10
do. 24 4%s . . .[96.74 u.n’n.nun
do. 4th 1!‘: « +|96.70]96.60/96.62 96.60
Anglo-French bs . . 96%| 96 963 96%
i‘ WEATHER FORECAST. |
Following Is the weather forecast for
the cotton belt for the next 24 hours:
Louisiana-—Fair; frost.
._Arkunu. Oklahoma and West Texas-.
air.
Lost Texas—Fair; frost to the coast
North and South Carolina and Georgla
«='ulr; warmer,
Florida-~Fair; slightly warmer,
Alabama and Mississippi—Fair and
warmer,
————
ATLANTA PROVISION MARKET.
(Corrected by W .H. White, Jr., President
of White Prevision Ce.)
(U, & Food Administration License
G-21471)
Cornfisld ham, 1013 aAv., .. eouue.. 38
Cornfield hams, 12-14 av,, . . ....... 384
Cornfield skinned hamas, 16-19...... 39
Corntield pienic bams, 6.8......... 28
Cornfield breakfast bacen. ...... 52
Cornfield shiced bacon, 1 Ib. boxes,
25 W OMBD ciobsssssvisvernsvenci B
CGirocers bacon, wide or narrow. .. 40
Cornfield pork mmusage, fresh link
OF DUIR coscisssssessatbssesansss ‘BB
Cornfield wieners, in 10-Ib. cartons 2§
Cornfield wieners, in 12.1 b. kits in
plokie ..... S AEAEI AP AR IBS 3.40
Connfield bologna sausage, in 26-Ib.
B . isviirisssaaseiseasiarses
Cornfield smoked link sausage, In
25-Ih, boxes . ..... issasnsy BB
Cornfield lard, tlerce basis. .. ... .. 29%
Grandmother's pure leaf lard, tierce
BRI (i xevacisiidsssrbsanainses -DO
Country style Ilard, tierce basis. ... . a 0
(‘om:ound lard, tlerce ba5i5....... 24
D B ontre PIBOE .0 iiiiiiienees B 9
D, & bellies, mm‘m AVOPARE . v uus 3!&
D. B belies, Mght) average. .. ...... 32
[
VIGOROUS RISt
INALL STOCKS
. NEW YORK, Dec. 3.—There was a
show of strength at the opening of the
Stock Exchange today when many of
the rialroads and industrials made good
filns. but before many minutes passed
e tone changed with stock in supply
at concessions especially in the railroad
list. Southern Pacific after movlng up
3-8 to 104 y, dropped to 108%, and Erie,
which opened up l;%“a! 20, declined to
19 3-8. American n was unusually
active, advancing 2 points to 45. Mar#
rrelerred was the weakest feature, fd¥l
- 16-8 to 113%. Steel common made
a gain of 3 at the opening to 95 5-8, and
then reacted to 965?.
Changes in other issue swere generally
in the shape of fractional losses.
Trading all through the forenoon was
on a large scale with vi*'orous advances
in nearly all the prominent industrial
and railroad issues, as well as many
sepcialties. Most of this buying was
buying based on expected changes in
the taxation measure,
American Can sold up 3 points to
above'46, on rumors of a dividend. Steel
common made advances of over 1 point
to 96 3.4, and the other steel issues
were in demand at advancing prices,
Baldwin crossing 74. |
The Marine issues were weak, the Ipre- |
ferred falling nearly 4 points to 111%,
;rshllle‘ the common dropped 1 5-8 to
The railroads generally showed up
turns around 1 point.
FINANCIAL BUREAU ON STOCKS.
NEW YORK, Dec. 3,—The strength and
activity of Southern Railway common
stock are reported from well-informed
channels to be a continuation of accumu
lation of important people who are re
assured by the Wilson message that there
will be no Government ownership of rail
roads and that absorption of low-priced
issues of worth is advisable for holding
purposes. Southern f{ailwuy is selected as
one of the best in this class, It is pmm-‘
ed out that a big cotton movement over
its lines to seaboard is probable as soon‘
as the European demand can be supplied
with ships. Foreign buying of Southern
Railway is noted in some quarters and,
higher prices are predicted. The presi
dential address indicating absence of a
fixed Government owmnership policy is con-‘
sidered bullish on rails. Persistent pro
fessional selling has made for a ttronl‘
technique that is responsive to b uying
orders at present. Money seems a ||(t|l"
easler. Shorts show apprehension at the
moment.
FINANCIAL NOTES,
Federal Trade Commission in report to
Congress charges Swift, Armour, Morris,
Wilson and Cudahy packing concerns with
combination in restraint of trade and
controlling trade of live stock and fresh
meats.
- . .
National City Bank in monthly circular
believes crest of demand for money past,
owing to drop in costs and prices, ln&
foresees great period of prosperity as soon
uu;eudjultmenu to a peace Dbasis are
made.
It is expeeted that the sucessor to Mc-
Adoo will be announced Tuesday. Rep
‘resentative Carter (Glass' name is most fre
quently mentioned in Washington as Treas
ury head, and R. 8. Lovett for Director
General of Railroads.
| . v
. __The average price of twenty industrials
' 81.13, unchanged; twenty active rails
87.75, up .72.
CHICAGO LIVE STOCK.
(By U. 8. Bureau of Markets, Dec. 3.)
Hogs—Estimated receipts 60,000, Mar
ket strong. Top, 17.85; butcher hogs,
heavy, 17.70@17.85; packing hogs, heavy,
16.66@17.35; medium and mixed, 17.10@
17.60; lights, 17.00@17.70; pigs, 14.00@
156.60; roufihn, 16.26@ 186.765.
Cattle—Estimated receipts, 21,5600.
Market steay. Beef cattle, good choice,
15.60@20.00; medium and common, 9.50@
10.560; butcher( stock, heifers, $6.75@
14.25; cows, 6.65@13.20; canners and cut
ters, 5.75@6.66; stockers and feeders,
,ood choice, 10.26@13.26; medium, 7.00%
lg 2; veal calves, good choice, 17.00@
'Rh--op---ltntlmmnd receipts 26,0000 Mar
ket higher Shorn lambs, choice and
prime, 15, 15@15.835; medium and good,
14.26@15.16; yearlings, god choice, 12.00@
)12.50; feeder lambs, god choice, 13.50@
14.50; ewes choice, prime 9.00@9.50;
medium and good, 8.00@9 00,
NEW YORK PRODUCE MARKET.
NEW YORK, Dec. 3.—Petroleum fairly
steady, Crude Pennsylvania, 4.00.
Turpentine, easy, 76@77.
Rosin, steady; common, 16.00@16.40.
Hides, un"hanged. Native steers, 264%
@27%; branded steers, 25% @26.%.
Rice, firm. Domestic, 8.70@9%.
Molases, firm. New Orleans open ket
tle, 76@82; black strap, 18@32.
Raw sugar, steady. Centrifugals, 7.28,
Refined sugar, unchanged.
Potatoes, firm. Nearby white, 3.16@
3.25; Southern, 3.00@3.50.
Beans, firm. Marrow choice, 12.00@
12.50; pea, choice, 10.00@10.50; red kid
ney, choice, 11.26@12.25.
Dried fruits, firm. Apricots, cholce to
fancy, 21@25; apples, evaporated, prime
to fancy, 15% @l6; prunes, 90s to 200
T% @10%; seded raisins, choiceto fancy,
U @13%,
Display of Red Flag Is
. *
- Now Crime in Chicago
~ (By International News Service.)
~ CHICAGO, Dec. 3.—Display of the
red flag 1s a crime in Chicago, made
0 by an ordinance forbidding its un
furling in the city,
The ordiance was passed in a
stormy session by a vote of 65 to 2,
the two negatives being those of So
cialists, Alderman John C. Kennedy,
Socialist, predicted the measure
would be found illegal by the courts,
to which he says he will carry it. He
asserted it was useless, anyhow, be.
cause the red flag waves over Ruuh\
and Germany, which fought for years
to suppress it. A fine of not more
than S2OO is provided for each of
fense against the ordinance.
U. S. Navy Took Part
In 256 U-Boat Fights
(B( International News Service.)
LONDON, Dec. 3.-—American naval
eraft in European waters engaged in 256‘
“submarine actions of all classes,” in
cluding attacks where depth bombs
were dropped without any U-bhoat hnv-‘
ing been sighted It was estimated in
naval circles today. ‘
There were a number of cases where
American ships dropped depth bombs on
susplcions that a hostile submarine was
lurking beneath the surface
The recent estimate that American
naval eraft was engaged in 00 fights
fs sald to be an over-statement by
American officials here,
‘
Famous ‘Flop House’
»
Closed by Authormea|
(I% International News Service,) |
BPRINGFIELD, ILL., Dec. 3.--No|
more can Itinerant idlers seek refuge |
in “Mickey's Place” here, The famous
“flop house'' known from coast to coast |
to every variety of the hobo class, hut
been closed by health authorities as be- |
ing Insanitary after a man was found |
dead in one of its rooms from tubercu
losis.
Independence of Ireland
Sought by Clevelanders
CLEVELAND, OHIU, Dec. 3,—Cit).
zens of Cleveland, Irish by birth or
descent, have signed a nation-wide
petition asking President Wilson to
include Ireland in the list of nations
to be granted lindependence at the
coming peace conference, Severa)
Irish conventions have adopted reso
lutions embodied in this petition.
BIG COTTON EXPORTS NEAR.
FAMINE IMMINENT IN EURO P!
(From Wall Street Journal.)
Indications are accumulating that our cotton is going abroad in large
quantities in the near future. Hundreds of cables are coming here My
asking for cotton owed consignees to be sent as quickly as possible and
while there is but a small tonnage available at the moment, the British
Government is rushing ships here to bring back cotton in order to avert
the present danger of a cotton famine in Europe.
During the critical stage of the war when men, munitions and food
were poured into Europe from this side, cotton was sidetracked to such an
extent that Great Britain, our biggest customer, found when the armistice
was signed that she had scarcely a month’s supply of cotton on hand. The
same condition existed in other European countries. Now the Allied coun
tries want to stock up prior to the signing of peace when the Teutonie
alliance will need and receive cotton in large quant'ties,
Following table shows how stocks have dwindled in Liverpool:
Week ended Previous
Nov. 22 week 1917 1916
All stocks of COtton. .. seeeesves. 328,000 244,000 482,000 612,000
Stocks of American..,.evveeve... 109,000 ¥26,000 368,000 542,000
Cotion. BROBt ... sisrevviisivis 1T 169,000 129,000 323,000
AMBMIOAn - RBURE . vv v is 185000 122,000 57,000 261,000
Last week Liverpool had about one-third the cotton on hand that was
in establishments there in the same week of 1916. In normal times Great
Britain can boast of 1,000,000 bales in reserve to feed the great northern
spinning industry.
It will take some time for the textile mills of France and Belgium to
get under way and textile plants in both Germany and Austria have long
since heen dismantled except for the few utilized in munition work. So,
as demobilization proceeds, Great Britain will have to supply Europe with
1 great deal of cotton goods, as she will be the nearest source and our boats
vill be loaded with food and raw material to the exclusion of manufactured
oods during the early months of reconstruction.
Experts figure that during the next two months more than 1,500,000 bales
f cotton will be shipped to the other side. So far this cotton season 1,135,
17 bales have been shipped abroad against 1,600,885 in the same period a
‘ears ago. Exports to various countries compare as follows (in bales), in- -
Jluding average in normal years:
Since Same Normal
Aug. 1 period, 1917 times
RPORE BIMIERID .. coviniiasviiii it iiioe- DI NER 1,015,547 1,250,000
BIRDON ... iot ines o ianes IHOOY 232,046 500,000
SEMBENE (. iiairiiiiiicinh i 329,165 *1,400,000
RPN .. fukciavdistasoasantieiiiiiiee 180 2,650 17,500
OPRE 808 ÜBIBE (.o.iiiceintivinnais: 1y 62,157 70,000
*lncluding Germany and Austria.
It is nptable that Japan and China, particularly the former, have taken
as much of our cotton during war times as in normal periods. The snarse
ness of Mexican takings is occasioned by the chaotic political conditions
existing in that country.
g . » .
- Financial Sunshine
; Shippers are anticipating any
é moment a reduction of cotton
)* freight rates, now ruling nomi
! nally at $5.50 per hundred. And
| it is expected that they will rap
) idly decline to a prewar basis of
I 60 cents a hundred.
{ Insurance has already been
é written on a prewar basis to all
{ countries except the Central
,Z Powers.
GRAIN NOTES, |
CHICAGO, Dec. 3.—lt is now authortzed
by the secretary of the poard of trade to
issue opinions or advice as to probable
course of markets. It is requested, how
ever, that these opinions be backed up
by facts and figures,
a 8 9
Thomson, McKinnon & Co. say: *“Corn—
Many in the trade continue to expect a
good movement of corn from the interior
during this month, but the mmediate rel
ative prices of the cash market and de
ferred futures are not a valld argument
for anticipating lower prices in the fu
tures.
“Oats—While premiums for cash oats
were considerably lower yesterday, the spot
‘market stitl Is a strong one, with prices
not conducive to short sales in the de
ferred delivery. The course of this mar
ket, like that of corn, seems to us to be
dependent upon the attitude of the pro
ducer.”
£ 5.0
November 1 farm reserves of corn de
ducted from last year's crop and ea.rr‘y
over, shows annual consumption of 3,078,
000,000 bu. This year's crop ‘phu Novem
ber 1 farm reserves totals 2,867,000,000, or
209,000,000 less than last year's require
ments. With the country full of pigs, is
there mwch, if any, chance of movement
of sufficient volume to create a load on
market?
L
Exports of flour and wheat as wheat
from America last week were somewhat
larger at 4,662,000 bushels, compared with
2,858,000 the previous week ..5 6,381,000
& year ago. Since Jul‘ these exports have
totaled 95,202,000 bushels, compared with
109,030,000 bushels for the same time last
year, 5
L
Clearances of meats from Argentina are
of substantial proportions and of the total
of 189,000 quarters beef 132,000 were esti
mated to the continent, the remalining
67,000 quarters going to the United King
dom. HKxport offers are fairly liberal with
good absorption of foreign Interests in evi
dence. It is h:‘fod clearances of this im
portant commodity wil! be maintained.
. 0 0
Argentine wheat cable: “Except reports
of rust damage in the central zone and
the slight damnage caused by the recent
rains, the crop on the whole remains ex
cellent and a very large yield is confi
dently anticipated. Cutting 1s active, with
indieations satisfactory.’ |
* 0 |
The food administration is ordering
wheat held in Chicago private eclevators
shipped out as fast as possible by rail. ‘
CHICAGO CAR LOTS.
CHICAGO, Dee. 3.-Following are re
celpts for today:
WL 6o 65 sv 00 4o te sbisns o I 8
OFN 56 o 4 5o we 00 90 00 00 oee se. BB
OUNE 64 50 06 00 46 65 00 90 58 40 00, DB
P 6 it i G ws e i ieae iR
\ ——————————————
\__ JACKSONVILLE LIVE STOOK.
‘Hogs: Receipts medium; prospects
steady. Heavy choice, 15.76@14.00; heavy
rough, 1360@13.76; mixed, 13.00@13.80;
ll{M‘. 12.50@13.00; heavy pigs, 12.00@
12.80; light pigs, 10.50@ 10.75,
Cattle: Receipts light; prospects m-d{
Steers, 5.75@10.50; bulls, 6.25@5.25; yearl
|nfl. 500?5 76: heifers, 550%5.75. veal
calves, 6.50@9 60; canners, 450 up.—~Wil
liamson & Dennis, Dec, 2,
NOTICE!
4
/&fji STRAYED
» ‘; From 52 Penn Ave.
A"“ qo ¥ ,’I Sunday Night
% Male Pekinese Spaniel
e g J‘-‘?\w ;_.2; Liberal Reward
b — ——
For Its Return or Information Leading to
Recovery
A. L. BELLE ISLE
Phone lvy 6468 or lvy 166 4 Luckie St.
CHICAGO, Dec. 3.—Corn was frac
tionally higher at the opening of trad
ing today, with commission houses sell
ing in a small market. Buying has been
light throughout the deliveries, and the
market was featureless.
Oats opened about even, with a fairly
active trade. Locals were divided be
tween the buying and selling side, and
commission houses bought, to be fol
lowed by shorts,
Provisions were higher in a very ac
tive market, in which ribs and pork were
particularly strong.
Grain quotations:
11:30 Prev.
Open. Iligh. Low. A. M. Close,
r)(_("ORNFI
ee. 1.29% 1.29% 1.28% 1.29 1.28
Jan. 1.28% 1.30% 1.28 » 13022 1.23}:
l;tl;; Ilifl'% Illl‘gV. 11:% 1.30 l.lflé
¢ s ad 1.2 1.30 .
()A‘S_ % % % 128
Dee. 2% 2% 721 728 73
Jan, 72% 2% 2% 72% 725
Moae 8 B BV O
ch, 2%
PORK - % 2%
Jan 47.75 47.85 47.70 41.70 42.56
T MFZ‘D"? 26.30 26
Jan 6.2 b .27 26.30 26.15
RIBS.-
Jan 25.35 25.37 26.30 25.37 25.12
M'h 2475 24.75 24.75 24.75 24.40
i
ATLANTA LIVE STOCK MARKET,
(Corrected by W. H. White, Jr., of the
wl.m Provision Co.)
U. 8. Food Administration License No.
Gn‘))od to cholce steers, 850-1,000 Ibs., 50
10.50,
Good eteers, 7560-8560 Ibs., $9.00@ 9.50.
Medium to choice beef cows, 750-860,
$8.75@9.50. 3
Medium to choice bes cows, 750-860,
$7.50@8.850.
Medium to good cows, 60-750, $7.50@
8.00
egaggd to choice heifers, 550-650, $7.00
) » above re resents rulin rices for
(ood“:junllty fpdp cattle, Inro-‘rio’; es,
dairy tyres and range cattle quoted be
low:
Medium to good steers, 700@800, 37.50@
8.00. ks
Medium to good cows, 600-700, $6.50@
7.00,
Mixed common, $6.60@6.50,
Good fat oxen, $7.00@ 8.00,
Good butcher bulls, SC.OO@B.OO.
Cholce veal calves, $7.00@8.00.
Yearlings, $5.00@6.00,
Prime hogs, 185-225, $14.50@15.00.
Light hogs, 150-165, $14.0040 14.50.
Heavy pigs, 10-130, $13.00@ 13 .50,
Light pigs, 80-100, $11.50@13.00.
The above quotations apply to geod
quality mixed fed hogs.
THE WEATHER. :
WASHINGTON, Dec. 3,~1n the South
the weather will he fair with somewhat
higher temperatures,
) Forecast by States.
Georgia~—Falr tonight and Wednesday:
warmer Wednesday.
North and South Carolina—Falir tonight
and Wednesday; warmer Wednesday.
Florida—Fair tomfiht and Wednesday;
slightly warmer Wednesday.
Alabama~—Fair tonight and Wednesday;
slowly rising temperature.
Mississippl—Fair tonight and Wednes
day; somewhat warmer in south portion
¥snnouoo—rn|r tonight and Wednesday;
littie change in temperature.
Gifts for numfion—.& b.uu!:l Diamond lfi
Stud or Sears Pin, Watch Chain or Fob. See
rflu Christmas bargains. Credit. Loftis Bres.
Co., 5 8. Broad Si--Adv.