Newspaper Page Text
Cotton Exhibits Stonger Underfone on Renewed Buying for Trade Account; Leading Stocks Score Vigorcus Gain
I‘BOLLIES’ NOT DELIVERABLE EI
By VICTOR BARRON.
Atlanta bank clearings Tuesday ... ... ... .... $8,528,793.68
B 4oy IMEYOAE . iope voe i aees il tee oue 900047200
TR R e D T R e G
B BAy TR WOBK L. vl e i siaiees eninn D00L5080.67
B O RIRE (. Go e os ve vnasto sen ame” Nen IRATRD
* * -
Atlanta cotton statement T uesay:
1018. 1917. 1916.
B . s il RTTR 3,628 2,791
BRI . oo sy v ia 866 3,765 1,849
RO 8 il dae v uis L. 2000 47,334 79,075
N A S R 350
* - »
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 to fresh highs for the day for
active options, or to a net gain of 45 to 65 points, with January in thei
Jead, 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 slightly 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
#s tenderable on contracts, furniseh thé principal incentives for the early
rallying power of the market. In addition to this expectatidus of greatly
fncreased export movement in the near future and the extremely strong
:hnjcal position of the market and strong Liverpool cables, added impetus
the rally.
- » - -
SMALLER DECEMBER DISBURSEMENTS.
Megures compiled by The Journal of Commerce, shows that dividend
and Interest dishursements this month will aggregzate $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,
@ue 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
eompared with $21,502,856 in the correspondirlg period in 1917. Other com
panies, also have reduced their dividends payable this month, while several
goncerns have omitted them altogether. A few corporations will make
fisbursements to stockholders in serip, fnstead of cash.
ATLANTA MARKETS
(Corrected by Cone M. Maddox.)
Administration, License Number G-06583.
Apples.
Sun Dwrted, 50-pound sacks ........ .i 3
Baking Pewders.
BB . iunenisvinnaves BB
ford's 1 pPOUNd ......coceveeces 3.88
ord’s, % pound ....ccecee. 2.95
Bran.
Pillsbury’s Medicinal Health Brap 1.35
Beans.
mm Limas, 100-pound bags .. .15
24%a String .....ccecoooo 460
Catsap.
e, 34008 ...:cosisnsces 880
L D RIS ~ oyanesnnsasosh SOO
Creme, 24, 8-OuUNC® .......ecooes 300
Toasties. 36 packages ........ 410
Cereals.
s Corn Flakes, 36 packages 4.20
tional Corn Flakes, 36 packagds . 3.60
le Corn Flakes, 36 packages 3.40
Nuts, 2 dozen packages .. 2.85
ed Wheat Biscuit, 36 packages 2.20
ry’'s Vitos, 1 dozen pgks... 2.20
Cocoanut.
's, eanned, 10 oz., 2 d0z..... 2.45
ported, Shred. 130 Ib. cs. bulk .30
estic, Shred. barrels, buik.... .27
Coffee.
Arbuckle's, 100-Ib. cases ..........20.75
Arbuckle’'s, 36-Ib. cases .........20.95
Arbuckle’'s Breakfast, 24 1-Ib. pkgs .24%
Arbuckle’'s Java and Mocha, 24 1-lb.
B iet iet
Blue Ribbon, 1-Ib, eans ......c..000 .30
Lmzianne, 30 1-Ib. PKES. ......00.. .30
Perfection, 1-Ih. pkgs SRR (LR
nogl, 50-Ih. bugs, whole or ground .18
8 P., Roasted Rio. 100-Ib. pkgs .. .18
Componnd.
Lard Compound, 60-Ib. tubs ~.... .24%
Bnowdrift Lard, 688 ......c0000...13.26
Bnowdrift Lard, 12-4% ..ceveee..l3.so
Corn.
so. 2 Standard, 24 cans .......... 400
.. Fleur.
Pweet Marie, Eels Rising, 24--1 h
BL e ivi s s innsaviris sRN
Bweet Marie, self rising, 48-Ib,
BN eiiiiiienss vessvengsis 3500
B-Z Bake, Plain Patent, 24-Ib,
NI sl i BT
B-7 liake, Pla'n Patent, 48-lb.
SARD ... Sl taithaakiasir e
Pillsbury’'s Best, 24-Ib, sacks ....12.00
PHiLY, 160-h SUteß ...e5:00:.:+11.48
Pure White Coru four, 100-Ib.
sacks .. 5.00
Whole Wheat Flcur, 98-Ib. sacks.ll.2o
wa Graham Flour. 98-Ib. sacks.ll.os
fte Rye Flour, 98-Ib. 5ack5....1105
Dark Rye Flour, 98-Ib. sacks ...,.. 8.30
Barley Floar, 98.1 b. sacks ...... 8.95
Pumpernickle, 98-1 b sacks ........ 9.56
Grits.
200-Ih, bags, Meaium .......eeoo. 5.00
Package Grits, 24, packages ...... .75
o Frnt Jars,
Half gallons, per Eross ..........11.80
g'unrt!, POP EPOBE . ..:ooessassansess D4O
LS, DOP RPOBE ...:cosessvscscsss 200
OBDO, POP Brodsß ~..cesssesesssss 538
TS DO GUOED ...scscasenseine BB
Hominy,
Hougiand's, 24 248 ......ceooe. 2,40
Kraat.
Hougland's, 24 2%s . ... .....c.OOOO 820
Macaroni.
Red, White and Blue, § and 100.... 1.90
n!k, SO-10. DOBES ..osscisovincsss 18
DAFPOIS ....cccacessnsconcnse NN
Milx.
n, 96 6-08. CANS ....eoeeoo 8.50
tion, 48 16-02. cAns ~...... 7.20
me Brand, 48 11-ox. eans ........ 6.66
Bagle Brand, 48 15.0 z cans ...... 9.20
Mince Ment,
Atmore’'s 1-Ib, bricks .........cOOOO +3O
Atmore’s Condensed. 25-Ib. kits ... .18
Molnsses.
, Louisiana Molasses, bbla.... .40
ok Btrap, in barrels ........0000 40
12, New Orleans Molnsses ~.. .44
Aunt Dinah, 48 1%-Ib, cans ...... 4.30
Muscara,
B YO 3000 ....cicovsoscsnnveses 500
LOby's, 24 BB<o3 . .......ceveeesee 2.60
Oatmeal.
Purity, 18 round packnages ...... 2.00
o,
Onion Cooking 011, drums ........ 168
Wennoh: 36 MBS s cisvvsnsoneass 108
zwnon. GINPES . ...iiivscnseress BBS
espom, 8 1 gnllons . ...ie0000..16.76
Wesson, 2 B grllons .....ce00v04..10.60
Okra.
M No 25 Dwnarf, eanned ~.... 3.2%
Peaches,
=°. ’%omn"m Pie Peachea ...... 3.80
0. 2 orgin Table Penches ...... 3.60
Pennut Buatter,
M 8-0 m Jars, Kellogg's ....ovoo 440
Pean,
cn 2, ontra pifted, 2 dos. .....00000 478
0. 1 Bleve, 24'2's, N. Y. Btate.... 5,70
No. 2 Siave, 24 2's, N. Y. Btate ... 6.45
Oalifornia Nlackeyes, T4-Ih, bags.. .09%
Peel,
Oandied Citron Peel, 20<1b. boxes.. .40
Pepper.
ee’s, Black Ground, & or 10c 4.00
Brand, 100 hlack, ground .. 3.60
k QGround, 1f:1h. paills ......0v 40
Pork and Beans,
Yan Oamp's, 48 U'; .....cvveneee 500
gnr,
WG Wine (s‘:nulnh-d Purs
in bble. or 100-Ib, sncks .. 9.60
-
Dbed, B.ob. DOXES ......esenenes 80
f, Sl B s issshasnies OB
whole, In barrels . ...eeeesess 56
Postum.,
w large, FegUIAE .. ieessess 3.98
n small, regulsr ...eeeeees 270
od, PORUINr . ....coveenesees 150
n large, instant ....oioooo 450
ufi Instant ..eseeeces t.o:
: LEt s saREERIRL e
. |
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 disburse
ments, with comparisons, follow:
1918. 1917.
Industrial and
miscellaneous
companies ..$59,494507 $70,636,855
Railroads .. .. 11,106,819 11,574,269
Street railways 2,805,250 3,039,682
Totals .. ..$73,406576 $85fi250,806
- - -
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 elique is erumbling bhe
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 historie 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 dyving bear element will
kick until it is completely crushed.
The latest of the false reports of
the bear crowd were tacked 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 abso
lutely untrue the statement that the
Adistribution” committee has ruled that
“bolly” eotton is tenderable on cote
ton future contracts,
_ATLANTA SECUR(TIES.
TBTOCKS— | Bid. TAskd
Atientio Steel Co.. com. .....11100 110
do pref sss sanvesssss] 98 104
At. Ice and Coal Corp, ~....| 62 65
WL oD 15
Atl, and ‘W P. Railroad ......[l5O [lB6
Atlanta National Rapk ......[1286 [295
Central Bk. and Trrst Corp. .[l5O NSS
Fourth National Bank ........|313 '."l
Augusta an 1 Sav Railway ....| 92 "
Atlanta Trust Compeny .....] 280 |9O
Exposition ‘‘otton Mills ......]lB5 IIM
Fulton National Bank ......[117%!1120
Empire Cotton Oil, commen ..| 57 lco
do nref. i aiusavbasoe ol DN 2D
Gate City lotton Mills ......[226 .
Ga. Ry. nnd dansing 00. ~.{2%5 |33
Ga. Ry. and Blee. 0, ..vovvv.+.[llo° 118
40, Bp. € ...covenvcense of I 8 50
46 84 Wel. .. ..50 00 9] XD W
40 COMMON . . orud sossnss] B 11
Lowry National Tang ......[220 [22%
Southwestern Railroad ........|] 96 "
Third National Bank ........J216 [llß
Trust Company of Georgia ... .[2BO (285
Atl. Cons, 8t Ry 6s ........[llOO [|lo%
Atl.-Char. Airtine 8s . . .......[6.10 |Basis
Bends.
Atlanta 3%5, 1940 . ... .......] 4.4o|Basis
Atlantic Tee and Coal, 6s ~..[ 92 "
Atiantie Sleol 88 ... ... ..oseeesl B 8 "
Ga. Rallroad and Bank. Co, ....| 88 £
—————————————————
Potted Meat.
1A009%, 68 W'D .........000000000 B 0
EIDERE 48 U ....oivoooosoßoooo B 9
Salad Dressing.
Dvrkee's Plenic, 248 ....coccooo. 208
Purkee's Medium, 248 ....cveev. 5.90
Libhy's, 24, PODUIAP ....vvsseesess 500
Salt,
Ozone, 28 2-18. PackngeS ..oeeeses: 1.00
Chippewah, 100-Ih. bagS . ...evvees 1,17
Baker's Salt in barrels ...eoveee. 4.36
Sardines,
1% O Keyleas. 100 cans ....ceeess 1.28
4 Mustard, Keyless, 1008 ~...... 726
z Ofl Carton, Keys, 100'8 ~..0... 1.78
Sonp.
Cloan Pany, 80 BAPS ....osvsnsses 380
Fel's Naphtha, 100 bars .....ceo., 8.00
Grandma’'s Washing Powders ...... 3,00
Soup.
Campbell's Tomnto sissnssessses 688
Spinneh,
Libhy's, 34 S%'P .. ..iiseessesee &T 8
5-Ib. * a"i nme 01
, Belb, ncekrgen L sean
ot PR Shite Fish,
100. pound kees, Lanke Herring .... 088
So.pound kegs, Lake Herring ...... 6.88
S-pound kits, Lake Hoerring ...... .88
All goods quoted so 0. b, Atlanta, Geore
via, net eash
Syrap. »
Bagle Brand, DArrels ... .ciseeseoees o 8
:::::; sugar Byvrup, Hght ..ooveeees 6
Refiner's Sugar BYrup .svsecessees 58
Alaga, BB+loß ....00v ssssscsenrs &0
Alngn, 1208 . ..covvestvsncnssnsess .36
Alngn, l-!'gl ssassessesssssassss 1.00
Bonita, 6108 ...oessevvovessssess 5,00
Ponitn, 12:88 ..csevsversensvncess 626
Honita “-I\i“l sonssiessnnsanssiss 5.00
Fairday, 48-1%8 ..oiiivnsvsonsness 5,40
Fairday, 48«18 ......oioiiavnnsness &40
Tomntoes,
24-28, Faney Hand Packed ~..e0e0 3,00
Vienna Sausage,
Libhy's, 36-%w» . sins sessoneeeces 400
pore Apile, 5. 400 PO 5
~ i BT T
(‘ol::rvdn??b'mu.-d. bbin, bulk ...... .26
White Piekling, in bbls, bulk .... .28
Blue Ribhon, 'aullm Siksaiansivins Lab
Blue Ribhon, pints .o.oiiesesensess
ockey glub. QUATES L ivsoressnsans
jflu 4 PIOLS L iieersennnerans
e e NS
W
RPN A et
LOTTON TIP 3 A
JPAN SELLS
NEW YORK, Dec. 3. —Selling 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 45 points net higher.
Trading became quietr after the Atart,
and at the end of the first 20 minutes
prices showed a gain of about 5 to 20
points.
NEW YORK COTTON FUTURES,
ettt schidp et e
| | | 112:30{ Prev.
{Open High/Low [P. M| Close
Dec. « .‘26.40 26.40 26.10|26.40 25.95-10
Jan. ~ . .|26.00/25.40/24.85)25.25)24 . 756-85
Yol '3 < 00l vl s
Mok, .t .24.25’24A50 24.06]24.41)23 . 98-24
APt o & deiivaliivirbiers i il 4D
May . . .|23.53/23.95)23.40/23.82]23.40-50
TR st v Btk iR R
July . , .]23.20/23.66/23.20)23.60/23.10-20
BB . b keisdiliicadiin J 00
Sept. . . I’ .....'.....’20.6‘»0-00
Qo 4L R i .....!21.15-35]
NEW ORLEANS COTTON FUTURES.
——————————————————————— e
. i | | |uzso| Prev
|Open|High|Low |P. M.| Close.
Dec. . . .|25.30!25.60/25.30/25.60/25.0
Jen. . , .[24.50/24.65/24.20/24.568 24.00-06
Mch, . . .[23.60/23.82/|23.32/23.76/23.20-30
May . . 23.00/23,40/22.91/23,39|22,78-80 |
SRI Ll .....522.50 {
RO . b b ik RO
e e
LIVERPOOL COTTON. . 1
LIVERPOI., 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
d_llinx, 19.68; good ordinary, 18.15; ordlnary.l
17.63.
Futures opened steady.
Prev.
Open. Close. Close.
December .. .. .. ..19.14 19.42 19.14 |
SOINUSEE i« o o sviTißE ALIN 3098
FODroary . .. ¢ 1008 3758 1190 ‘
Mereh .. ..o R J6ES TG ‘
RS e nis. AR S
Closed steady. ‘
\
COTTON GOSSIP, = ‘
E. F. Hutton & Co. say: “On basis of
midday eables 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 also 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 liguidation
it is only natural to expect some upturn,
but would buy only on good breaks for a
secalp.”
- - .
The Times-Picayune says: “The further
decline in contracts 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
‘hus become one-sided. With no specula
tive shorts to cover on favorable develop
ments thus leading to rallies, there is little
‘incenu\'e 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
henefit, as an incentive to speculation on
the long side, as the short hedges can not
be stampeded, they being back omly when
the spot sare sold. A revial of an urgent
spot demand is therefore “needed to lead
to the buying back of hedges.”
ATLANTA COTTON SEED PRODUCTS,
U. 8. Fixed
Description— Prices.
Crude ofl, basis prime ........... A 7
Cotton seed meal, p. ¢. ammonia. . $566
Cotton seed meal, 7 p. ¢. Georgia
common rate point ........... ns
Cotton seed hulls, 1008 ..........sl6
Cotton seed hulls, sacked ........nominal
Linters, clean mill run .......... $4.67
! DRUGS AND CHEMICALS ;
e e
Corrected by General I)Iltrlbntl? Co., At~
lanta, Ga., U. S. Food Administration
License No. G-58394,
Acid, Benzoic, U. 8. P, Ib. .... 3.76- 3.00
Carbolie, Cryst., U. 8 P., 1b.., 44 7
Carbolic, Crude, 10-25 pet., gal 28- 40
Oxalic,. Oregtal, . ...ccivvsv s 08
[ uxalic, Powdered, 1b......... §7- €8
Phosphoric, U. B. P, 1b,..... 48 60
Balieylie, U, B Pu Diicseris B W
goearin, D P i iisosseens s BB
Tannie, U. 8 P ID..scosoev 58 159
Tartaric, Cryoh, ID..cceceese 30+ B
Tartaric, Powd,, ID..c.ccoeees 88 BB
Alcohol, Denatured, ga1........ @9- 173
U. 8 P, 190 proof, ga1...... 4.91- 5.00
Wood, 95 per cent., ga1...... 91%-92
Alspice, 15 DaEE, .. .cisssrse 200 BB
Aum, Powd., . .eicissssisies 8- 13
Balsam, Copaiba, U. 8. P, 1b... 77%-80
Oopaiba, Pars., ID, cceeecsss 85%- 85
Porv. 1D ciiivinicrnicnsrens 835 248
ToM, 18, ..ui.crehvanensenes Sibe L3O
Bark, Basberry, ID.ccccoansossos 6- 10
Cottonroot, ID.....ccsessssness e 18
B Bark, Th..esgvoccsocsss 3o 39
PRIoRIY ABh. I cirasrvoinsin 17- 23
Beuans, Vanilla, Mex,, Select, Ib. 5.00- 6.00
Vanilla, Mexican Outs, 'b..... 3.25- 4.00
Vanilla, Bourbon, 1b......... 2.26- 3.60
Vanilla, Tahati, 1b.........5. 1.68- 176
Barrios, Juniper, ... iveissens. - 1 38
Saw Palmetto, Ground, 1b..., .. P. 27
Camphor, American, 1b........ 1.18- 1,22
Cadain Buos. .. iisiivocrncess - 20~ 23
Chloroform, U. 8. P, 1b........ €3 70
Cloves, Bales, 1.. ..virssceses 3= 88
Coumarin, G P, I, .sissnicse B
Cream Tartar, U. 8 P, 1b...... 68%-70
Glycerine, C. P. Drums, 1b...... 68
B 0 T I civeisiinn A
Gun Tragacanth, No. 1, white, Ib 3.50- 3.75
W K Woiissneransanencins Bl¢ 508
Powdered, . ....ccooovooos. 580« .78
Lenaves, Buchu Short, Ground, Ib, 1.:l~ 170
« Henna 18, ...vverssvenncenss - 3
Bage. 1B .icccnsvcrsecsaseces 3 88
Senna TIDN. ..... 000000000 16= 19
Kola Nuts, Bags, b, .....00000 24« 128
Nutmegs, 106-1108, Ib....coeesee 38« 43
Nux Vomica, Powd, 1b.....eee. 17 19
Olls, Sweet Almond, 1b........ 2.60
ABISS, IB.....ccoosebsvcscsces 530 LED
Bergamot, ID....cuseesecsses T. 50
Oeter M. i ibniisisiainir 2BV 08
Clove, D s seosssssnnencessi 830 5.50
Coriander Beed, 1D oveeceess 30
Lemon, Ib.....oovseesencssess 1.80
Mirbane, ID....cvivcssvnsnees, B 8 84
Mustard, 10 ..000ir00s000c00:85.00:00.00
Peppermint, ™., ... .cooveeess 5,60
Sassafras, True, 1h......0.00 3,60« 2.60
Bassafras, Artificial, 1b....... 60- 62
Besame, 80l . .....coieeveeee 3,76 4,00
Pepper, Black, 1D......cc0000000 831 88
Quinine, 100-02, cans, 0%...... 90
Noot. 81001, IB.....issosoosoßoos BB+ B
Cohosh. Black, ID....cceesseee 13+ 18
Cohosh, Biue, IB....ocemsseess 10+ 14
gwmnin 15 v eoiavesancocnenss. 3o 38
dinger, Afriean, 1b......0uevee 13%e lz
SO IR i sevaincinoganine i B
Rhubarb, H. D,, M.oeseseese 90- H\%
Bnake, 1D.....c000000000000000 3B &
Beed, Aniss, ID, .civsissesnnesss 38« 30
Carawny, D covisessessesees B 8« 173
Oelery, Ib....ccosserssncsccee 0= 48
Coriander, ID...iossesvesssees 18+ 30
PIAE, IDi. . cussrssrsensessns . WAL
Bodn, Benzoate, ID......vsenesss 3.10- 3,38
Bichromnte, Ilb...vsesesesesses 81 33
\xn'flllm',| nz.l. e 92-
iteh azel, o i Pa
SO, BOL.coovss voessgesrss LIS LID
Dyestuffs. Market on sulphur and di
rect colors very firm with Nfi demand,
All above rrlcn are f. o. b. New York or
factory to jobbers and in original pack
| Agee. ’
——————. -
’ ST, LOUIS LIVE STOCK MARKET,
. BT, LOUIN, Dec. 3§ ~—Cattle—Receipts
6,800, Markot wteady. Native beef
| stors, 11,5060 18.60; guurlinl beef steers
and heifers, D50@16.00; cows, 7.76@12.50;
stockers and feoders, B 50@12.00; cnlves,
7.16@017.25; fair to g:vmo yearling beef
stoers, 10 006 18.00; f cows and heif
ers, 7.504 16,00
Hogs—Receipts 7,600, Market, IE?!Bn
higher. Mixed and butchers, 17.66@18.26;
good, 45.00@18.25: rough, 16.40@164.60;
lights, 1760@17.00; pigs, 13.00@16.00;
bulk, 14654 18.10
Hh«?t;v.me&u 1,400, Market steady,
+ .00 oun ppers,
Loo@ s toslmim, IhOOGTEE P
FINANCIAL
‘GET READY’ FOR WORK OF
RECONS TRUCTION,BANK URGES
By THE EQUI!TABLE TRUST COM.
PANY OF NEW YORK.
It is indeed high time that we take
into serious consideration the duties
which we have to take upon ourselves
now that peace is here. To be truth
ful, we must admit that, as a nation,
we are as yet totally unprepared to suc
cessfully 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 %ood to see that
it has beecn 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 ogumlsta 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 possible 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 day in a lecture on
“Commerce and Industry After the
‘War,” that merchants and traders will
have to meet very serious competition,
and that the nation 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 hecessity of reshaping
as it were the complete industrial struc
ture of the ecountry. 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 individual initiative and
enterprise.
“Maximum productivity” 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 StoW
| IS:SO‘Prev.
_STOCKS— __ [High.| Low.|P. M.|Cl'se.
Allis-Chalmers . - .| 27 27 27 27
G BOOL. i i 5 ek sanaf vou il el BB
American Zine . of ccoof oooo] oo.o] 1234
2 doKre{. e o o of vooal eveel sias lg:l/.
AR USRI T YT
Amxri Beett‘Sum .| 623%| 51%| 51% g;%
B BOE S s sl il siil aies
Amn, (?a:!..... ; u%‘ 43| a6k a2y
O . e vol et samel sk
Amn. Car Fdry. . .| 83 82| 82 8214
B 0 PP al endd skl Wi IINT D
Aml:'l Cott?n O sossl «oisf sovn I:;%
0 PPOE o b o sesob suesl soas
Aml\‘i Locos. « eeee| 61% | 60Y% Cl*l 8:%
o pref. . . . stunt 2av3) ddassi®
Amn& Smel!tln‘ . ‘ 83%| 82 l IS%ll 3'2,%
R S sl il aanel sl
Amn. Steel Fdrs. . | 89 | 89 ‘ 89 ‘ 90
Amta. Suxufr R o} el sens {ll}
AR L ke il s
Amn. Tel. & Tel, ...[{1033£[102%{103% {1023
Amn. Woolen . .| 54 53 4 52%
B 0 PPt o o wd aveal wiink 00l BB
Amn. Linseed , o o] ocof 00l oael] €0
S 0 PR s vof siid Bidah il B
At. G. and W, L .’lo'%’lo’“'l"* 108
Amn. H, and L. . .| .... .] s o |
G 0 Pref. . o v o I.kl v o] 130
Amn Mailt Corp. « of soee] cooef oeee] "3%
Q 0 Pref. . o o of coesl saves coes] 43%
Amn, TObROOO « ¢ of cssel sove] 24180
:{nn].( s‘(‘}':l‘d Tob. 4 913%1 91 91 1021‘2
aska o 4 ok diiel tinsl ey
Anaconds ~ ~ . .s“% 65| 6634 656%
Atcr:‘laon P e aed l’ ::
o pref. ¢o of sioof saoe] oo
Bald;vin Locu.f . .! 15 !T2 ‘ 74%:133
0 PPOL 000 o) sassf sical dssn
Bal. and Ohlo . .| 66%| 556%| 65% ) 656%
46 -DR . 4 & cesul Livy) ceidd DB
Booth IBherien % of covol dsv.l vsol 835
Burns Bros.r‘ée.'. of cosn 'I '}356
Beth, Steel b ind Gennt il et
Beth, Bteel B ... .88 |uw 66 |64
Brook. R. T. . ... 3834| 381| 383/ 38%
Butte Superior . i of «ooof sovi| sooe]| 3039
Butte Cop. & Zlno | scco] cooo] soesl 8
Cal. Petroleum . o coc.] coesf coesf 19
" doppl;(# oSNI ae el vad .lgza
an. RCIfIC . o) s coin] 40
Ches. and owo g | 59% | 59%| 59% ;::‘
C. and N. o o sl eneal cvesh Benp
do pres g 3 ....1J...J|....1 {gg“
Col. F. an b s il saend xni] wies
O Ivlt ;nafm. P !47§§ 475 4T% :"7
do L. s o
(‘hmol (E?pper o 38\" 37%| 38% lgzz
Consol. GAS , ~eoo] 00l cuiial vans
Corn Prodl;cu oo 4831 4ATY| 48% "4,;
S 8 PRI o il siesl dupsl Ve
Crueible St;ol o ase B'l\t{ 60%’ 57% gg
OO DL v s of ssssl saiil stne
Cuban (“nn{o Sugar | sow' 80%‘ 30% | ;3%
do pref. . « e} ssse) cose] 100
Central Leather . . 80%‘( 59% (o“[]B§%
a 0 Dol & o o sesal civil v
Chile Copper ... .| 20%]| 20 20% | 198
Chandler MotoP o « | svese] voso] voa.jloß
Colthnbia Gas « o of sosof soas] 20ss] 378
Ont. TaR oo so o siasl sons] vuvof B 8
Del. and Hudson ssest saeel vos sTIN
Dist. Securities . .| 48% ! 46%]| 48% | 4615
Brie . ¢ X 8B 19%| 19%] 164
do prot. I | o] oo ovos ....‘oz
Domes MINO® o s ol sosol svvel 00l &
S 8 et i b eind Gl BB
Federal M. and 8. . ‘ sohs] sees]l 31
iWI L al Sees) iy ' 38%
Goneral Electric « of vooef soee] 504.]158
General Motors . . . ... voii] ol 126
do pref. . . l coned v cea] 81%
Goodrieh l:}lbm "t shvol vons |g(‘):?
i BL, s o ol sassk snes] 380 3
Gt ‘Qnrl) pref. ...] 99 | 98] 99 | 98
Gt Nor Ore . ...| 32w 3294| 32| 31
Gt. Westerth « o o] soos] ssee] soee] 9%
40 Pref. . o o of ssvs] ssie] aees] 38%
Gulf States Steel . .} «0..] ceeef 00..] 68
Toot. WIB .is of snssl saesl aossl 38%
Greene-Cananes « o] «.o.] cooi] voio] 47%
I Camtral .+ soel ssosl sooel caoel BB
ingpir. Copper . .| 48 4T%H| 48 41
lntal‘-’horn i soe] cossl sone] sunn 1“2
o pref. « o o) secnd saod oo ] 8
ma.d Aleo';ol 00l 99 19T | 8% O.C.K
o pref. o« o o) sooof siis] 2ans
Int. l.:ldflom')rp' A 32% ] 324 32y H“
Int Br e oF sossl snssl ssso
Int, J'nper‘. oaese] 3181 31%] 31% ::\(
0 Pref .oo o of seeed save] 2000
B O F{‘ou. sne owol SR n 1 20%
Kan. and Texas o .| ....] seoef soic] 6%
Kelley=BDß. o 0 ol soeel coos] soeel 88
{ FERTILIZER MATERIALS. §
Corrected by w COWEN, United
States Feod A istration License Ne.
G-27360,
Nitraute of soda, 96 per cent, prices nom
inal; no offerings.
Sulphate of ammonia, walk, £. o, h
works, 100 pounds, $7 80.
Blood. e a, f., Atlanta, bulk, per umit
ammonia, $7.26; tankage, f. o. b. Chicago,
bulk, per unit ammonia, $6.76: unk.go. f.
0. b New York, per unit smmonia, $6.76.
Nebraska potash, o & f. Atlanta, $5.00
per unit potash,
Camp Gordon manure, f. 0. b Atlanta,
per ton, nominal
Acid _’Jm-phnu. o a f. Atlanta, bulk per
ton, $17.26.
Tobt 2co stems, ¢, A f. Atlanta, ‘nr unit
potash, $6.00; per unit ammonia, $6.40,
’slomcs. o a f. Atianta, per 1,000, $3.25@
Ho{. bean meal, f. o. b North Carolina
points, lm per cent ammonia, 2 per cent
potash, 1 per cent available phosphorie
acid, per ton, $82.60.
Hone meal, steamed, 3 to 50 per cent, at
$3600 £, o. b, Baltimore; raw, o\% to 50
per cent, at $42.00 f. o. b, Philadelphia,
both buyers’ baga
Peanut ofl. $1.36 in bu(m‘ tank cors; in
barrels, $1.40; buyers furnishing barrels,
prices f. o, b. milis
Peanut hay $15.00 £ o, b. Atlanta,
Velvet bean mul..gn.oo f. 0. b, Atlanta,
Peanut meal, $69.00 per ton, £ o b At
lanta.
EX-DIVIDEND TUESDAY.
Btocks— \ Pet.
Ilinois Contral ...oi.ssiseonadionns il
American Bumatra COMION. .. wevsnes +l6
maximum productivity theory, expects
that greater attention be given to scien
tific research in its application to indus
try, and that the woikers be raised to
the highest level of efficiency.
Now we may, perhaps, be allowed a
small amount of gralde in our achieve
ments, 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-the-war
readjustment period. The process of
changing the wur-?roductivlty into
peace-productivity will not be without
difficulties, 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 our
productivity will follow a smooth course.
The importance of the readjustment
Perlod problems should not be minim
zed, although the swiftness with which
America's plants and yards have adjust
ed themselves to war needs constitutes a
precedent warraming a hopeful outlook
for the comlnf readjustment. But as
the success of this readjustment will
Ereut!y depend on the way our foreign
usiness 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 takeé 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 speaking, 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.
; | 112:30|Prev.
STOCKS— |High.| Low.|P. M. Close
Kennecott . . . .| 35%]| 35%| 36%| 35%
Lack. Steel ..,. .| 69%/| 69 69% | 68%
Lehigh Valley. . .| 60%]| 60%| 603%| 60%
ROOBe-WHOS . o of ciai] cooe] ccasf 8%
56 DR Mes ;s sl vinal shask cioiDRE
Maxwell Motors . .} ....] ....] ..%.] 28
B 0 2B PERE . ol svisl sies) ik 830
aO, 38 pref.. .1 iiood ssoo] siss 3822
Mo. Pacific (new).| 27% | 27% 27% 27
Otk B . ] isisdeasi] saail B 8
Mex. Petroleum. .[|163% [156%[162%]1562%
S N . s oDI sl sIS
e i R 26 27%
do. (?I‘st. . o« LJ115%1110 J111%{116%
Miami Copper . .| 26%| 25%| 26%( 24%
Midvale Steel . .| 44%| 44% 447%] ... ..
National Conduit .| ....| ....| ....| 16%
National Enamel .| 456%| 45 45% |4%
B . . . il iiail) saisl seeel BB
N. Y. Central . . .| 79%| 78%| 79 9%
N. Y, N H & H..|[ 36%| 36%| 36%| 36%
Nationnl Tang . o .coaf soes] oons] 84
B 0 DER s ol esnelwisal 2 ea<iil3
AN W o o sl o] brual w3OB
el .. il vl it I 8
Northern Pacific .| 97%| 97 |97 | 96%
WX, O. 008 W.. of cooe] soisf ooss 20&
Nev. Con. Oo(?par Beand viid 61 WY
Ohio Cities Gas. . 42% 41% | 42%| 42
Pitts.-W. Va. Coal.| 35 35%) 35%; 35%
B 0 DORE . s ol svenkisnui] vioil 1B
Pere Marquette . .| ....] ....] ....[lOl
Ponnayivanis . o of sove] socif sooe] 1%
Plorce-Arrow . o of coeef oeoe] ooe] 3%
G 0 DURE & o il iavid isisl sensl BB
People's Gas , . .| 53%]| 63%| 53% ]52
PO B o s o vsesl i) seadl BB
GO DL o < of ivon) oussl soidl BB
Pittaburg Coal « . ..c.] vovs] ooe:] 48%
B R . i ] il aiinl versl NN
POB . i ]t ot il 38
Ray Consolidated .| 215 218 21%) 21%
Reading . . . . .| 85 | 84%| 84%| 847%
O PPk o 5 of saes] siss ....137%
Rladß. . .« |7B 6% T 6% T4k
S R .ow il e Bt Sl IR
Rock Island . . .| 28 27%| 27% 2T%
86 Doel. A o i iiisl vunsl sl BB
S B B . i cenrdhaveal st BB
Ry. Steel Springs.| ....| ... +eo-] Tl%
G DYNE . . ] iacsl assal s 20NN
Sears-Roebuck . .} «...) «oov] ... ]1661%
GO, PIeL. .« o of essol vesel ooesjilß
Sloss-Sheffield . .| ....}] ....] ....] 46%
Southern Pacific .[104%(103%[1037%(103%
Southern Rallway .| 31%| 31%/| 31%| 32
00 PO . ¢ o iisel diir) 1l BB
Studebaker . . . .| 3% 61 53%| 61%
G 5 MWL . o ] vvael vvech vini 1B
Bt L. and B Framl 00l cosol oo H%
06 O . v iaesl Gt ik R
Sinclair Oil . . . .| 34%| 34%| 34% 34%
WA b v ....|1os«
85 B & o of 2issl ssiit il BN
Bwift & Co. . . . .[124%[12414[124% 125
do. pref. (mew)| 45%,! 451, ] 45| 45614
Tob, Products . .| 77%| 76% 771 6%
Tenn, Copper ~ . H%‘ 14%] 14 14
THlra AVORUS o o ol ssoel sooef sses] 18
Texas Oil ~ . . o .|lB9 |lB9 [lB9 [184%
TOxns Paoifio ¢ o o] seool vose] oovs] 33%
United Frult o o of sooef] soos] +0..{148
Union PROIfNe » » o] ivel vesl ooislito%
B 0 PN s s o suiil caeok il OO
U. 8. Rubber . , .] 73%| 73 73%| 73
90DV s & s} ias sl i e
U. 8 Bteel ~ . . . O'l%' 954 96% | 95%
0. PR o o« o] Gigs) biia 1..11H0%
U. Cigar Stores . .[104% (104 [lO4 [103%
OF DO o of iaeshaanitiisesiiß
Utah Copper . . .| 78 Tl%]| 78 7%
Vao, Chemioad .} .soe) snee] voie] 53
do. press +» o of sieed siof oo 1112
Wabash . . . + <1 ¥ 10 10 1%
do. pref. A . .| 39% | 30%| 39%| 39
0 BOE. B : Lainil cuinl 50l BN
Western Maryland | ....} ....}] ....] 13
Western Union . o] s.ool sooef 220|187
Willys-Overland . .| 26 24%) 24% | 24%
do, Pref. . « of coses soeof co..] 88
Woolworth . « . of sces] sves] +4..J118
Wostinghouse . o of soee] soeef ooos] 468
White Metore . . of soeel sl cooef 48
Wilson Packing Ce.| 70 6985 |7o| 69
BONDS,
U 5 Lib. 3%se . . .|99. 9.00199.00/98.90
do. Ist 4s . . . .[95.30/96.30(95.30{95.30
do. 24 40 . ~ . N.OO‘N.S! 94.32/94.30
do 4%5. . . . .[96.80/96.78196.80/96.850
do. 18t 4%s . ~ . 01.14!97414 97.74/97.70
do. 24 4%se . . .[96.74106.62/96.62/96.76
do. 4th fl*: .. v M.'lol".flo 96.62196.60
Anglo-French o | D 69 06| DO, 96
i WEATHER FORECAST. |
Following Is the weather forecast for
the cotton belt for the next 24 hours:
Loulsiana-~Fair; frost.
FArkAnul. Oklahoma and West Texas—
air.
Kast Texas-—Falr; frost to the coast
North and South Carelina and Georgia
~l'air; warmer,
Florida—Fair; slightly warmer,
Alabama and Mississippi—Falr and
warmer,
S ————————
ATLANTA PROVISION MARKET,
(Corrected by W _H. White, Jr., President
of White Provision Ce.)
(U, 8 Food Administration License
G-21171,)
Cornfield ham, 10-12 Av....... 0... 384
Cornfield hams, 12-14 av.. . ........ 384
Cornfield skinned hams, 16«19, ..... 19
Cornfield picnie hams, 6.8, . ....... 28
Cornfield breakfast bac0n......... b 2
Cornfield wsliced bacon, 1 Ib. boxes,
30 U 0 QN oissicsscnssrnnisies -B9
Grocers bacon, wide or narrow. ... 40
Cornfield pork mausage, fresh link
or bulk So b U ENRI RS ARG ANy b p 26
Cornfield wieners, in 10«1h, ecartons, 26
Cornfield wieners, in 12-Ib, kits in
B iih i ity 1.40
Covafield bologna sausage, in 26-Ib,
DORID: sossssesssisesivavinisnees 39
Cornfield smoked link sausage, in
Bolh DDBOB .:iisirnisviressoinin BB
Cornfield lard, tierce basin. . ....... 29%
Grandmother's pure leaf lard, tlerce
basis | Bouorntt | e TR !On
Country style lard, tierce banin..... 30
Oomi’ound lard, tlerce ba5in....... 24%
g. 8 bo:'flm r1b:d.i....“............ Jg
y 08, mediom Average. .. ...
D, B belies, light Wverage......ees ‘l&
g el 1 | r-e%a
« NEW YORK, Déc. 3.—There was a
show of strength at the opening of the
Stock Exchange today when many ol
the rialroads and industrials made good
falna_ but before many minutes passed
he tone changed with stock in supply
at concessions especially in the railroad
list. Southern Pacific after moving up
3-8 to 104, dropped to 103%, and Krie,
which opened up lu at 20, declined to
19 3-8. American Can was unusually
active, advancing 2 points to 45, Marine
f)referrud was the weakest feature, fall
ng 15-8 to 113%. Steel common made
a gain of % at the opening to 95 5-8, and
then reacted to 95,
Changes in other issue swere generally
in the shape of fractional losses.
Trading all through the forenoon was
on a large scale with vigorous advances
in nearly all the prominent industrial
and railroad issues, as well as many
sepcialties, Most of this buyindg 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 pre
ferred falling nearly 4 points to 111%,
while the common dropped 1 5-8 to
26 1-4.
The railroads generally showed up
turns around 1 point,
FINANCIAL BUREAU ON STOCKS.
NEW YORK, Dec. 3 The strength and
activity of Southern Rallway comimon
steck are reported from well-informed
chamnels to be a continuation of accumu
lation of important people who are re
assured by the Wilson message that thers
will be no Government ownership of rail
roads and that absorption of low-priced
issues of worth is advisable for holding
purposes. Southern Railway I 8 gelected as
one of the hest in this class It is point
ed out that a big cotton movement over
its lines to seaboard is probal 8 soon
as the European demand can supplied
with ships. Foreign buying « outhern
Railway is noted in some quarter and
higher prices are predicted The presi
dential address indicating absence of a
fixed Government ownership policy con
sidered bullish on rails Persistent pro
fessional gelling has made for a strong
technique that is responsive to b uying
orders at present Money Beems a little
easier. Shorts show apprehension at the
moment.
FINANCIAL NOTES,
Federal Trade Commission in report to
Congress charges Swilt Armour, Morris
Wilson and Cudahy packing concerns with
combination in restraint of trade and
controlling trade of live stock and fresh
meats.
$ s e
National City Bank in monthly cireular
believes crest of demand for money past
tnwlnu to,drop in costs and prices, and
foresees great period of prosperity as soon
|aß readjustments to a peace basis are
| made.
It is expected that the sucessor to Me-
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. ‘
= = ‘
The average price of twehty industrials
81.13, unchanged; twenty active rails
87.756, up .75
CHICAGO LIVE STOCK.
(By U. S. Burean of Markets, Dee, 3.)
Hogs—Estimated receipts. 50,000, Mar
ket strong. Top, 17.86; butcher hogs,
heavy, 17.70@17.85; packing hogs, heavy,
16.656@17.35; medium and mixed, 17.106
17.60; Ilights, 17.00@17.70; pigs, 14.00@
'15.50; roughs, 16.26@16.765.
Cattle—Estimated receipts, 21,600.
Market steay. Beef cattle, good choice,
15.60@20.00; medium and common, 9.50@
10.50; butcher( stock, heifers, ' $6.7560
14.26; cows, 6.65@13.20; ecanners and cut
ters, 5.75@6.656; stockers and feeders,
good choice, 10.26@13.26; medium, 7.006
10.26; wveal calves, good choice, 17.00@
17.50.
Sheep-—Estimated receipts 26,000, Mar
ket higher. SBhorn lambs, choice and
prime, 15.16@156.35; medium and good,
14.26@15.15; yearlings, god choice, 12,004
12.60; feeder lambs, god choice, 13,504
14.50; ewes choice, prime 9.00@9.50;
medium and good, 80069 00,
NEW YORK PRODUCE MARKET,
NEW YORK, Dee. 3.~~Petroleum fairly
steady. Crude Pennsvivania, 4.60,
Turpentine, easy, T6@77.
Rosin, steady: common, 16.00@ 16,40,
Hides, un:hanged. Native steers, 26%
@27%; branded steers, 251 @ 26.%,
Rice, firm. Domestic, 87095,
Molases, firm. New Orleans open ket
tle, 76@82; black strap, 18@32,
. Raw sugar, steady. Centrifugals, 7.2%
Refined sugar, unchanged.
" Potatoes, firm. Nearby white, 3.15@
3.26; Southern, 3.00@ 3.50.
~ Beans, firm. Marrow choitce, 12.00@
12.60; pea, choice, 10,00@10.50; red kid
‘ney, choice, 11.26@12.25.
\ Dried fruits, firm. Apricots. choics to
fancy, 21@25; apples, evaporated, prime
to fancy, 168 @l6; prunes, 9%0s to 204
7% @10%; seded raisins, choiceto fancy,
9% @l3 %.
| —————
Display of Red Flag I's
‘ . . h.
~ Now Crime in Chicago
(By International News Service.)
CHICAGO, Dec. 3-—Display of the
red flag is a erime in Chicago, made
g 0 by an ordinance forbidding its un
furling in the city.
. The ordlance was passed In a
stormy session by a vote of 65 to 2,
the two negatives being those of So
clalists. Alderman John C, Kenne!ly,
Socialist, predicted the imeasure
"would be found {llegal by the courts,
'to which he says he will earry it. He
asserted it was useless, anyhow, he
cause the red flag waves over Russia
and Germany, which fought for years
‘to suppress it. A fine of not more
‘than S2OO s provided for each of
fense against the ordinance.
U. S. Navy Took Part
.
In 256 U-Boat Fights
(lgl International News Service,)
LONDON, Dec. 3. -~American naval
eraft In Furopean waters engaged In 206
“submarine actions of all classes,” in
cluding attacks where depth bombs
were dropped without any ['-hoat hav
ing been sighted it was estimated In
naval circles today,
There were a number of easés where
American ships dropped depth bombs on
suapicions that a hostile submarine was
lurking beneath the surface
The recent estimate that Ameriean
naval eraft was engaged in 600 fights
is sald to be an over-statement by
American officlals here,
‘
Famous ‘Flop House’
~ Closed by Authorities
| (Br International News Service,)
SPRINGFIELD, ILI., Dec. 3.-No
more can Itinerant idlers seck refuge
in “"Mickey's Place” hore, Tha famous
“flop house'' known from coast to coast
to every variety of the hobo clasgs, has
been cloged hy health authorities as be
ing insanitary after a man was found
dead In one of its rooms from tubercu-
Jlosis.
e —————
|
Independence of Ireland
v
~ Sought by Clevelanders
~ CLEVELAND, OHIO, Dee, 8.--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 natlons
to be granted independence at the
coming peace conference. Several
Irish conventions have adopted resoe
lutlons embodied in this petition.
BIG COTTON EXPORTS NEAR.
FAMINE IMMINENT IN EURO P
{ X (From Wall Street Journal.)
:’ Im‘ruflnns are accumulating that our cotton is going abroad in large
~quantitigs in the near future. Hundreds of cables are coming here daily
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 Kurope from this side, cotton was sidetracked to such an
extent that Great Britain, our biggest customer, found when the armistice
wag 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 Teutoniec
alliance will need and reco‘lve cotton in large quantities.
IFollowing table shows'how stocks have dwindled in Liverpool:
Week ended Previous
Nov, 22 week 1917 1916
All stocks of cotton...cveesveesss 328,000 244,000 482,000 612,000
Stocks of American, .eceevoeeeses 109,000 Y 26,000 368,000 542,000
Cottonl RNORE . i cavitviasive e 220000 169,000 129,000 323,000
Amovionn RUORE ... ik sitrevac 20DN0D 122,000 57,000 261,000
l.ast 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
Piritain 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
got under way and textile plants in both Germany and Austria have long
gince been dismantled except for the few utilized in munition work. So,
as demobilization proceeds, Great Britain will have to supply Europe with
a great deal of cotton goods, as she will be the nearest source and our boats
will be loaded with food and raw material to the exclusion of manufactured
goods during the early months of reconstruction.
[lxperts figure that during the next two months more than 1,500,000 bales
of cotton will be shipped to the other side. So far this cotton season 1,135,
Hl7 bales have been shipped abroad against 1,600,885 in the same period a
years ago. Exports to various countries compare as follows (in bales), in
cluding average in normal years: .
Since Same Normal
Aug. 1 period, 1917 times
CTaRt Britaln .l iil BRI 1,015,547 1,250,000
BYBHON . iicvssudiiiiintiiivdtivawniss I 232,046 500,000
Continent ... il diviniivisnnisiosinns: OIR 329,165 *1,400,000
MMERIOH i licaarintisinbnabstivinutvin 180 2,650 17,500
JRDAD And CBINK ... sinininsivaerniss SHINE 62,157 70,000
*lncluding Germany and Austria.
It is nptable that Japan and China, particularly the former, have taken
as much of owr cotton during war times as in normal periods. The snarse
ness of Mexican takings is occasioned by the cnaotic political conditions
existing in that country.
* Financial Sunshine |
{ Shippers are anticipating any ¢
{ .
! moment a reduction of cotton
'? freight rates. now ruling nomi
; nally at $5.50 per hundred. And
é it is expected that they will rap
; idly decline to a prewar basis of
E 60 cents a hundred.
) Insurance has already been
g written on a prewar basis to all
$ countries except the Central
é Powers,
R N NAINI PN LNN NI NSNS I SN
GRAIN NOTES,
CHICAGO, Dee. 3.--It is now authorize®
by the secretary of the board of trade to
lssue epinions or advice as to probable
course of markets. It is requested, how
ever, that these opinions be backed up
by facts and figures.
.« 8 0
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 immediate rel
ative prices of the cash market and de
ferred futures are not a valid argument
tor anticipating lower prices in the fu
tures. "
‘Oats—While premiums for cash oats
were considerably lower yesterday, the spot
market still is a strong one, with prices
not conducive to short sales in the de
ferred delivery, 'The course of this mar
let, like that of corn, seems to us to be
dependent upon the attitude of the pro
ducer.”
g 5 N
November 1 farm reserves of corn de
ducted from last year's crop and ecarry
over, shows annual consumption of 3,07§,-
000,000 bu., This year's crop plus Novem
her 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?
e »
Exports of flour and wheat as wheat
from America last week were somewhat
larger at 4,662,000 bushels, commpared with
2,868,000 the previous week and 6,381,000
# year ago. Bince July these exports have
totaled 95,202,000 bushels, compared with
109,030,600 bushels for the same time last
year,
. .
Clearances of ments from Argentina are
of substantial proportions and of the total
of 189,000 quarters bheef 132,000 were esti
mated to the continent, the remalning
7.000 guarters going to the United King
dom. Export offers are fairly liberal with
wood absorption of foreign interests in evi
denee It I 8 hoped clearances of this ime
- portant commeodity will be maintained.
| e 9 9
Argentine wheat cable: “Execept reports
of rust damage in the central zone and
th «light damage caused by the recent
rains, the crop on the whole remains ex
cellent and a very large 'yield Is confi
dently anticlpated, Cutting is active, with
ndications satisfactory.”
| s 5 8
. The food administration is ordering
wheat held in Chicago private elevators
bipped out as fast as possible by rail.
CHICAGO CAR LOTS,
CHICAGO, Dwe, J~-ivilowing are re-’
celpts for today:
WHRRE os i oo o 0 50 00 55 0o s se: I 8
COMM sv 44 ss o 0 00 00 o 5 on oo oo 301
OBES .0 o 2 00 00 20 40 50 00 50 se oo 380
HOBE 24 20 o 0 04 40 ss 40 20 oo +.01,000
JACKSONVILLE LIVE STOCK.
Hogs: Receipts medium; prospects
#toady. Heavy cholce, 13.75@14.00; heavy
rough, 13.60@13.75; mixed, 1!.M‘11.1.‘
Hghts, 12504213 00; heavy pigs, I.Md
12.60; light pigs, 10.50@10.76.
| Cattle: Receipts light; prospects WT
Bloers, 5.75@ 10.50; bulls, &:50! 25; yearl
ings, 6.0006.76: heifers, 550%5.7‘; veal
calves, 6.650@9.60; canners, 4.50 up,~Wil-
Hamson & Dennis, Dec. 2.
NOTICE!
®
7 "
W%y~ From 52 Penn Ave.
Yl o
s‘* z Sunday Night
% % Male Pekinese Spaniel
2 4& e "’ es e R S i
- w Liberal Reward
For Its Retfirn or Information Leading to
Recovery
A. L. BELLE ISLE
Phone lvy 6468 or lvy 166 4 Luckie St.
CHICAGO, Dee. 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 g very ac
tive market, in which ribs and pork were
particularly strong.
~ Grain quotations:
| Oven High. Low. A M Olees
n. gh. w. .M. Close
CORN —
Dec. 1.29% 1.29% 1.28% 1.20% 1.28%
Jan. 1.28% 1.30% 1.28 1.30% 1.283%
50!;; }i:% iig\é }.ZB;A‘ 1.30 1.38%
cl 3 o 8 .28 1.30% 1.28
OAJI‘S— .
Dee. T 72% 2% 72% 728 13
Jan. 72% 72% 72% ‘Ta% 72%
Mo B OBE B¢ g
~Mch, 2 23 13 723
| PORK — » .
} Jan 47.75 47.85 47.70 47.70 42.56
‘ LARD-—
Jan 26.27 26.30 26.27 26.30 26.16
RIBS-—
Jan 2535 25.37 25.30 26.37 25.12
M'h 24.75 24.75 24.75 24.75 24.40
ATLANTA LIVE STOCK MARKET.
((‘lnect«lva{ W. H. White, Jr., of the
ite Provision Co,)
U. 8, Food Administration License No.
o(}ood to choice steers, 850-1,000 Ibs., $2.50
10.50.
Good steers, 750-850 Ibs., $9.00@9.50.
Medium to choice beef cows, 750-850,
$8.75@9.50,
Medium to choice bes cows, 750-850,
$7.50@8.80,
Medium to good cows, 60-750, $7.50@
§.OO.
Good to choilce heifers, 550-650, $7.00
@B.OO.
The above represents ruling prices for
good quality fed cattle. Inferior grades,
dairy types and range cattle quoted be
low:
Medium to good steers, 700@800, 37.50@
8.00
Medium to good cows, 600-700, $6.50@
7.00.
Mixed commeon, $5.50@86. 50,
Good fat oxen, $7.00@85.00
Good butcher bulls, $0.00@8.00.
Cholce veal calves, $7.00@8.00,
Yearlings, $5.00@6.00,
Prime hogs, 185-225, $14.50@16.00,
Light hogs, 150-165, $14.00@14.50,
Heavy pigs, 10-IJO.’SIJ oo@l3 30.
Light pigs, 80-100, $11.50@ 13.00.
The u{m\e quotations apply to good
quality mixed fed hogs.
THE WEATHER.
WASHINGTON, Dec. 3.—ln the Bouth
the weather will be fair with somewhat
higher temperatures,
Ferecast Irg States.
Georgin—Fair tonight and Wednesday;
warmer Wednesday.
North and South Carolina—Fair tonight
and Wednesday; warmer Wednesday.
Florida~—Fair tonight and Wednesday;
slightly warmer Wednesday.
Alabama—Falr tonight and Wednesday :
slowly rmnf temperature,
Mississippl—Fair tonight and Wednes
day; somewhat warmer in south portion.
‘nmeuo&-—r-lr tonight and Wednesday;
little change In temperature.
Gifts for Gentlemen—A besutiful Dismond Ring,
Stud or Bcarf Pin, Watch Chain or Fob. See our
z-crm Christmas bargains. Credit. Loftls Bros
& Co, 5 8, Broad St.—Adv.