Newspaper Page Text
Local Cotton Merchants Almost Unanimous in Opinion That Government Estimate of 11,700,000 Bales Is Too High
DEALERS REITERATE FORECAST
OF 35 CENT COTTON BY SPRING.
By VICTOR BARRON.
B Atlanta bank clearings Thursday ... ... -.. ... ..$11,304,285.64
Same day last Jear ... ... .... oo cee oo +.... 8,063,156.34
SR v ek b e e TR
Same day last week .. .. .. ..... cec cer eee one 11,055,284.03
DR SN . ... e ks s Tene seene BOMANSND
¥ * * *
_ Atlanta spot cotton Thursday noon ..... ..... ..... 27.90¢
Same day last week ... ... ....... cso o 0 eesees siaen 29.00¢
Same day last year ... ... .... ... cee cvs ses semeones 30.%50
STR RR R 18.25¢
‘ » * *
> Atlanta cotton statement T hursday
1918. 1917. 1916.
ROoMps ... .. o 0 oen 00. oo oo 1,002 1,177 1,209
I .o s avei wan ie DA 918 1,956
B i ietey B 47,101 84,610
B o 0 L e e
* * *
That the cotton trade regarded the Government’s cotton estimate of
11,700,000 bales, exclusive of linters, as bullish was reflected in the action
of the market Thursday, which opened irregular—s points lower'to 15
points higher—then developed pronounced strength on active buying by
domestic spot firms and New England brokers. There also was demand
X from Wall Street, ring traders and for New firleans account. Offerings
at the start came from Liverpool sources and the South. But the sup_ply
met ready absorption, with the result that before the end of the first
hour's trading values exhibited a net gain of 4 to 30 points. .
[fisiness on the whole was small, with traders apparently awaiting
the Government's November supply and distribution report, which probably
‘will be issued later in the week.
¥ * * *
COMMERCIAL APPEAL’'S ESTIMATE NEAREST-—The crop estimate
of The Memphis Commercial Appeal more closely approximated the esti
mate of the Government than any of the private guesses issued in advance
of the official report. The Appeal's guess was 11,778,000 bales, comparing
with 11,700,000, the Government estimate,
* K 2 *
ELLIS' ESTIMATE CLOSEST HERE—J. R. Ellis, Jr., of the Ellis
Cotton Company, with offices in the Hurt Building, was being congratu
lated Thursday on his guess as to what the Government's cotton crop
estimate would be Wednesday. His estimate (11,641,000 bales) came
nearer the official figures than any of those placed in the ballot box at the
Commercial Exchange. The Government figures were 11,700,000 bales
Last year Paul F. Cornwell, of Inman, Howard & Inman, was the
lucky guesser, his estimate being 10,950,000 bales, against the Govern
y ment's estimate of 10,949,000,
The average guess of members of the Exchange on this year's esti
mate was 11,347,250 bales.
* * -
ESTIMATE TOO HIGH, LOCAL COTTON MEN SAY —Local cotton
merchants Thursday, commenting on the Government's cotton crop esti
mate for the season of 1918-19, were almost unanimous in the opinion that
the figures were too high.
The fpllowlnz expressions with regard to the Government's estimate
were furnished The Georgian Thursday:
CHICAGO, Dec. 12.-A reduction of
167,000,000 bushels of corn, as shown in
the Government crop report for Decem
{% ber, as compared with the November
¢ report, stimulated a heavy buying mar
ket foday, with prices rising from 2 to
5 cents higher over yesetrday's close.
ot Shorts, frightened at the possibilities,
§7 crowded each wether, and the advance
was rapid and specatlur, Later, prices
rose to a net gain of 5 to 614 cents,
Oats, foenns the influence of the
corn, advanced also, reaching 2 cents
higher than the close of yesterday in
some deliveries. Trade was brisk, and
the locals were largely on the buying
side. Prices opened 1% to 1% cents
hlghor,
rovisions were dull, keeping around
veaterday's closing prices.
Grain quotations:
11:30 Prev.
Open. High. Low. A. M. Close,
CORN
Dee. 1.38 1.391% 1.36 1.38 1.34
aan. 131 53 1.38 1.36% 1.32
Fed. 1.34% ' 1.37 1.34% 1.35% 1.35%
Mch, 1.37 1.37 1.34% 1.36% 1.30%
Mav 1.37 3.3% 1.34% 1.35% . 1.30%
OATS--
Dec. 5 75 3% 74% 3%
Jan. 73% T 4 3% 7414 72%
Fab T 4 T 4 % 14 7214
v Moh, 73% 3% 3% 73% 2%
3 ’Ma_\' 75 75 3% 74 7214
PORK -
Jan 4890 4890 18.90 4890 4875
My 4515 456.156 , 45.15 48.15 15.00
TLARD--
Dec .. . , 26.40
Jan . : 4 26.35
My 3585 2690 26.86° 26,90 25.77
RIBS—
Jan 25.80 2587 26.80 25.87 25.76
M’y 2496 25,07 2495 257 24.90
CHICAGO CAR LOTS.
CHICAGO, Dec. 12.-—Following are re
ceipts for today:
Today. Cont. Inspt. 1917
Whost .« s + 216 133 214 12
Corn S » ™M 172 223 137
Oats ' 189 156 172 106
Hogs 16,000 4 .
GRAIN NOTES,
CHICAGO, Dec. 12 Corn: The crop re
port on corn is a decidedly bullish docu
ment, particularly so in view of the faect
that it is a complete surprise to the trade,
Market, therefore, has not anticipated it
The whole situation i 8 well phrased by
The Morning Tribune, which says “The
man who has the stuff, the farmer, ia
bullish, while the theorist ia bearish.”
I'otal yield ia2 not considered sufficient for
" domestic needs, Farm feeding value, there
fore, bhecomes a prime factor in wvalues
The trade adheres to the long established
ratio of ten to one between corn and
hogsa, The hog price is fixed for the
month of January at $17.50
‘( Oats: It seems likely that oats will sym
pathize considerably with corn, although
the erop is the third largest on record
Thomson, McKinnon & Co
- - -
R. J. Mansfield, of Bartlett-Frazier Com- !
pany, who has just returned from a trip
downstate, says that in sgome sections
farmers are willing to sell part of their
surplus corn, but in other sections they
are cribhing their corn and intend te hold
A for the time being ‘
» - *
“The wheat of the United RStatex has
been handled by the grain corporatdion on
A capital of $160,000,000," said M
Yager, in The Modern Miller, “In addi
tion the corperation has been indebted to
banks to the extent of $260,000,000 during
the last two months The food adminise
tration act, with its voluntarily agreed to
recommendations, to the placing of em-
Bargoes on shipments to certain markets,
¥ the holding up of shiptments while in
‘;' transit, the jseuing ™ shipping permits,
which control the rmovement to ecertain
markets, and many other schemes which
woere avallable during the exigtence of the
war regulations will not be available dur
fng the marketing of the coming crop, ac
cording to the present outlook Increased
finances will be required to carry on the
business, and it is expected that Congress
will be called on for a fund of S6OO onfi.ofin
to $1.000,000,000 in order to provide for
handling of the next crop'
sei e |
THE WEATHER,
WASHINGTON, Dec. 12.—Rain may be
expected tonight or Friday n the Ohie
Yalley and the Bast Gulf and: South At.
lantic States, It will be somewhat warmer
fn the Ohio Valley,
Porecast By States,
Goorgia—Cloudy tonight and Friday:
probably rain,
North ( arolina- Cenerally cloudy tanight
1,.".1 Friday, probably rain, warmer tonight
in the interfor |
South Carolina—Cloudy tonight and rn‘{
v robably rain.
d“i‘lolnvlu Fair tonight and Friday, ex.|
ecept probably rain in nerthwest poertion
Alwbama-—Rain tomight and Friday ‘
Misstgaippt —Rain tonight and Friday;
Wasvaar sl 0 southeast portion.
>
E.S. EHNEY.—I believe the Gov
ernment’s estimate is too high by
fully 200,000 bales. However, the
figures of 11,700,000 bales can not
be construed a sanything but buli
igh, because ultimately every bale
will be needed. Just as soon as
domestic machinery is aAdjusted to
peace basis mills will come into the
market on g larger scale for cotton.
With the world bare of both raw
and finished cotton it will require
every pound of cotton available to
satisfy needs. With export pros
pects exceedingly bright, together
with the small crop and no indica
tions of a big eron next season, 1
confidently believe that we will see
35-cent cotton early next spring,
A. P. COLES, VICE PRESIDENT
CENTRAL BANK AND TRUST
CORPORATION.— The estimate is
too high, especially on Georgia.
Figures around 11,400,000 bales
would have been nearer right.
Georgia’s estimate of 2,100,000 bales
is fully 150,000 bales too steep. As
to prices, all depends on ocean ton
nage, whicl¥ at present is very poor.
If we get more tonnage, then 1 he
lieve prices will advance. Farmers
are holding.
J. HOPE TIGNER, SECRETARY
OF THE ATLANTA COMMER
CIAL EXCHANGE.—I acdept the
Government's estimate as conserva
tive. . T believe we will witness a
sluggish market until peace condi
tions are more fully thrashed out.
Should export tonnage increase I
expect higher prices.
ROBERT A. SMYTHE -1 think
the estimate is too high, because it
means that about 2,200,000 bales
will have to be ginned during the
remainder of the season to carry
the total to 11,700,000 bales without
I'nters. This compares with 1,400,-
000 bales ginned during the same
period a year ago. Evervone knows
that the season ¢f 1917 was the
worst on record for ginning and
picking. due to extremely unfavor
able weather. On the other hand,
conditions this season are reverse.
Excellent weather has prevailed
throughout, so far, With suech bull
ish surrcundings, I believe cotton
will ga to 35 cents a pound by early
spring,
J. 8. GORDON, LUCAL REPRE
SENTATIVE OF LATHAM BRAD
SHAW COMPANY—The estimate
is too high by more than 100,000
bales, especially base on 506-
pourid bales. Arother reason is
that it ealls for a large amount to
be ginned from now on. The sea
son was the earliest on record, fore
ing early maturity and weather
conditions have been excellent for
harvesting the crop. After jpeace
conditiens are more settled, [ be
linve higher mrices will vrevail, The
first of the year should see more
gettled conditions,
.
Commercial Stocks of
Commarcial stocks of wheat reported in
# survey made by the Department of Ag
riculture as of November 1 amounted to
274,925,910 bushels as compared with 1956 «
207,829 bhushels October 1 These figures
refer only to stocks actually reported hy
12,598 firme. Thelr holdings were more
than twe and one-half times the stock
held by them a year earlier, the actual pers
centage being 2694 of the 1917 stock
Commercinl stocks of other cerenls on
November 1 were: Corn, 17,122,734 bushels;
oats, 79,776,204 bushels; barley, 34,462,597
bushels; rye, 15,123,135 bushels
The commercial stocks of flour and corn
meanl were: Wheat fiour, white, 5184
839 barrels; whole wheat and graham flour,
145,916 barrels; rye flour, 51,766,846 har
rels; corn meal, 69,200,044 pounds; buck
wheat flour, 5,129,979 pounds; mixed flour
25,460,226 pounds,
C. F. Kelley Heads
. . v
‘ Inspiration Copper
| Offtctal notice that the Ansaconda Cop
per Mining Comipany controls the Inspirae
tion Consolidated Copper Company wus
served on Wall Street when €. ¥, Kelley
of the former property was elected prosi
dent of the Inspiration in place of Colonel
Witllam Boyes ‘Thompson, who hag re.
slgned
John D). Ryan, formeriy president of (he
Anaconda t'.n?mr. who recently resigned ug
director of Alreraft Production, was added
to the directorate of the ininspiration,
NEW YORK, Dec, 12.-—-Buying of late
months by spot interests was a feature
at the opening of the cotton market to
day, and chiefly responsible for firmness
in those poSßitions. The whole range at
the opening was from b ]pulma net lower
to 15 points higher and at the end of
the first 15 minutes prices were 4 to 30
points net higher. }
NEW YORK COTTON FUTURES, \
| | | {13:30] Prev.
{Open High|Low |P. M.| Close.
Dec. . . .17.00127.25/27.00]127.10/27.06 -
Jan. . , .]25.80/26.14)26.64]26.00/26.65-67
e oo Fok s dibaii b sRS T
Moh, . .lu.f‘:fl{n 85/24.80]24.85/24.60-70
April ~ . ! | { [23.90
May . 23.70123.53123.70)24.02|23.71-76
June . . 23.50
July . . .]23.170]/23.45/23.10]23.32/23.10-15
AU s ok » : -123.80
Sept. . . f 21.70
e 21.20{21.49/21.20{21.49/21.16-20
i e |
NEW ORLEANS COTTON FUTURES ‘
—————————————————————————————
] ] i [12:30] Prev. .
\ |Open|High|Low |P. M.| Close.
Des LLI Bl vttt 126, 56-60
Jan., , , .}25.55/26.90/25.36/25.80|25.35-40
Mch. . . .|24.10[{24.:5/23,98/24.30/24 00-02 |
May . .« 23 li‘;!'.lil,N():Zl:.?‘.?‘ZßJGM‘J'? ‘_‘T»‘:(l‘
July ~ . .|22.70123.23(22.90{22.85(22.62
Oct. , . .]20.60/20.76/20.60/20.76{20.40-52
; e LA S
! LIVERPOOL COTTON.
. LIVERPOOL, Dec. 12.—Cotton futures
opened steady today.s Spot dull; prices
eagy; sales 500 bales. American mid
dling fair 22.08; good middling 21.40;‘
middling 20.77; low middling 19.72; good
ordinary 18.20; ordinary 17.67.
Futures opened steady
Prev.
Open. Close. Close
DRCOSHORY: .. o g 1965 19.64 19.68
January PO et 18.50 18.45 18.68
POOTUREY v v 4 Ve ¥ 3748 17.8% 11.9%
March é » v <4896 16:98 17.18
April 55 16.09 16.02 l'i.'.‘sl
("losea steady
ATLANTA COTTON SEED PRODU ("I‘fl.{
1 8. Fixed
Descriptions Prices.
Crude oil, hasis prime £ 17
Cotton seed meal, p. r. ammonia .$55
Cotton seed meal, 7 p. ¢. Georgia
common rate point $55
Cotton seed hulls, loose sl6
Cotton seed hulls, sacked .....w..nominal
Linters, clean mill run .. $ 467
COTTON GOSSIP,
January opened 29 Liverpool peints hm-l
ter _than due and March only § up
LI A
Sentiment in New York locally is bull
sh
&l N
In dry goods circles the Government
cotton report was accepted as a confirma
tion of the hope that there will be cotton
enough in this country for six months to
‘m---‘ all needs The recovery of about
£2 a hale from Wednesday's lowest point
;\\;«.\ the reason of active trade buying,
vhich ‘'came in on an increasing scale on
the hreak following the publication of the
bureau’'s report )
e . |
’ The Times-Picayune @ says “Although
)I ireau day was a comparatively tame af
fair when judged by the record of pre
vious years, keen interest nevertheless at
tached to the Government's final estimate
of the erop More difference of opinion
than usual existed as to what the showing
would be, although the forecast of 11,800 -
000 hales based on the condition of Sep
tember 25, and the open fall since led
many to look for an estimate of 12,600,000
or more The figure actually given out
11,700,000 bales of s§oo pounds gross
weight, actuaily represents a considerably
smaller number of commercial bales, hence
the promised vield will not be much larger
than last year, particularly if it be found
true that mucl of the cotton still un
picked and included in the estimate is of
such poor grade that it will not pay to
gather it at the present high rates for
labhor
“While domestic consumption shows a
falling off compared with recent years
there I 8 every reason to expeéct that the
export movment will increase materially
from now on, as the supply of shipping is
hecoming more adequate and the demand
for bhoth raw and manufactured cotton in
Europe is acute, stocks there bheing prae
tically exhausted
, With the bureau estimate out of the
way there is the possibility that the mar
ket may temporarily work lower on the
expected bhearish census consumption ree
port.”
—— Lo
| DRUGS AND CHEMICALS
A A A AAN
Corrected by General Distributing Co., At
lanta, Ga., U, 8. Food Administration
License No. G-58394.
Acid, Benzoic, U. 8, P, Ib. ... 3.75- 3.00
Carbolic, Oryst., U. 8. P, Ib., 44 47
Carbolic, Crude,“lo-26 pct.,, gai 28- 40
OBalle, Oryatal, I i visuiive e 48
. uxalic, Powdered, 1b......... 47 48
| Phosphoric, U. 8. P., 1b....,. 46- 60
Balieylto, U, 8 P W...iivss - B
- tentie, D B Masirisvions- 2 B
Tennic, U, B Pu 18.,0v000.00 1400 1,50
Tavtario, Cryst.. V. i riposin. B 8 B
Tartaric, Powd., 1b.......... %8- #3
Alcohol, Denatured, ’a1........ 69- 173
U. 8. P, 190 proof, ga1...... 4.91- 5.00
Wood, 95 per cent., ga1..... 91%-92
Allspiog; In bage, 18.....0vve5e 30 18
Aluss, POWa; ID, .on . oop.shaane 8- 13
Balsam, Copaiba, U. 8. P, 1b... 77%- 80
Copaiba, Para., 1b........5.. 63%-86
PO TR civiiiasssantosoinne 00 808
WO T iiccivesmpentesiioe 530 LN
Bark, Bayberry, Ib.ceesess . ssss 6- 10
Cottonroot, ID...cowmssccnssse 314 18
BN AR I, vidivesisiisie B B
Prlcklg AED W cisssirivizse . v- BB
Beans, Vanilla, Mex., Select, Ib. 5.00- 6.00
Vanilla, Mexican Cuts, 1b.,... 3.25- 4.00
Vanilla, Bourbon, 1b......... 2.26- 3.50
Vanilla, Tahati, 1b........0.. 1.66- 1.76
Berries, Juniper, 11b.:......i000s 10 18
Saw Palmetto, Ground, 11b.., .. 26- 27
Camphor, American, 1b........ 1.18- 1.32
COE BOME 10 . iviiiicssiniis D B
Chloroform, U. 8. P, 1b......... 63- 70
QleYes, .Bales, ID...cc.vvisiviee 58s ,B 8
Coumaris O P, 1.. ....coovee BB 1
Cream Tartar, U. 8, P, 1b..... 68%-70
Glycerine, C. P. Drums, b...... 58 |
Bl O T vs viniias O ‘
Gun Tragacanth, No. 1, white, Ib 3.50- 3.76
O 5 Wi hevssisiansivenis .00 LOD
POV, I 8 '.iiv.isiinninis DRSS
Leaves, Buchu Bhort, Ground, b, 1,66+ 1.70
BOERE, 1B iicisiviviiicahoin O B
B I i seainsiinnsvie B W
Bolßa TIND. . ..viasvesssvssuves 38= 19
Kola Nuts, Bags, 1D............ 24« 36
Nutmegs, 106-1108, Ib.. ... ..., 38 43
Nux Vomioa, Powd.,, 11b......... 17- li‘
Ofls, Sweet Almond, b, ........ 2.60
Anlne, ID, vvsipirgeivine: 380 L 4
Bergamot, ID.....oleistaierss .50 ‘
CURRY; M. icssvbssdoinnsss o 0 40
OOVe, I, Ji. ciacsivibavsivess EEBs BN
Coriander Beed, 1b........0v00 30 |
EONORE T i ctessnronnstine MR
BEIPIRBE 1B iicoscovrveitiniy B¢ B¢
Mustard, Ib.. . ..oueeinsvins22l.oo-22.00
Peppermint, 1D.....i 00000000 5,80
Sassafras, True, H........... 3.80- 2.80
Sassafras, Artificial, 1b....... bO- 62
Besame, 88l .......covsooooo 370 4.00
POpDer, BIReR, ... ¢isssiviie . 2 B 8
Quinine, 100-oz. cans, 0%....... 90
Hogti Blood 1. i. s iifvense 38> W
Cohosh. Black, 1D.......c00000 13+ 18
Cohosh, Blue, 1D isacivisoise ¥ M
Qentaln, b, .. fossvsesrsoress Y= 39
Ginger, Afriean, 1b.......00000 13%- ll
Jlllr. ik ihpasaassinges PO B
Rhubard, H. D., IB...sivssive 70~ 7ln
BRARS: I . sisarsnncoviiveis DB
Boed, ADIDS, .. . vassinvensins 38+ B 9
CRPRIEY. 5. . S scvasrssins B 1B
Colorp, . .siivorvosnirsnces B &
Ooriah@er, 0. ..ce6:i0vs00000 18 B
B, ID.ov:. i 2000800 vobesiee o 1)
Sodn, Bensoate, 1b.............. 510~ .38
Blehromate, . .ossssvsissses 23 B
VOBIIIE Q 8 ioirrisssssissie T 99
Witch Hazel, U. 8 P, 14 pet
nle,, ’nl Sed v nenissnsiiy 30l LA
Dyestuffa: Market on sulphur snd di
"l colors very firm with m& demand,
Il above prices are f. o. b. New York or
factory to jobbers and in original packe
gen,
Vinegar,
Pure Apple, In bble, bulk vowrr e 2l
Colored Distillel, bbla,. bulk (..., 28
White Piekling, in bbls, bulk .... .28
Bide RIDDOR, qUarts 5.....5hive500 1:38
Bius Rißhen, INte . ..iu.cavunreiss. D 8
Jockey Club, quarts ........vOOOOO. 5,25
Sedkey Clud: plate . iicviviciiiansy 508
'VAST TRADE IN SIGHT,
~ THOUGH U. S. CURTAILS
e 7 S R e sTR
By THE ALEXANDER HAMILTON
| INSTITUTE.
~ What has produced the recent high
level of prices and abnormal volume
- Of business?
The answer is that the tremendous
purchasing power of the Allied Gov
ernments has been the responsible
cause of the industrial activity which
we have witnessed.
It had been announced that our
Government would spend between 25
and 30 billions of dollars during the
current-fiscal year, but now that the
wayr is over it seems doubtiul whether
the Government will spend one-half
this amount.
Already the Government has cut off
proposed expenditures of over three
billions, and since large expenditures
in any one direction require attendant
supplementary expenditures in other
directions, it is certain that this re
duction will make unnecessary other
impending expenses,
In this reduction of Government
disbhursement we have a dependable
barometer of decreased purchasing
power during the next twelve months,
The aggregate of business transac
tions is certain to decline.
Large Unfilled Orders.
At the present time, of course, there
are large unfilled orders on the books
of manufacturers which will be deliv
ered during the next few months, and
if the Government spends only ten
billions, or even less, this wili tend to
support the producers of clothing and
food and the transportation inlerests.
It must not be thought that com
merce wili be cut in half. A tremen
dous volume of trade will continue.
Even during business depressions
merchandise must be produced and
shipped.
But when the Government's re
quirements during the transition pe
riod have been well taken care of and
the supply of ships is adequate to
bring accumulated warehouse stocks
from every quarter of the globe, a
state of market equilibrium can not
exist until prices are from 30 to 50 per
New York Stock Quotations
k ‘ - 112:307Prev.
STOCKS— h. | Jlow. P, );.l?“n
Allis-Chalmers . , .| 3 U" 30 | W 3%
df‘preé.m,... 1.3%
American VL iU Bl iy
Amn. Beet Sugar .| 63 [u R
American Can .. .| 46%] 45 1% 2 5
Amn. Car Fdry. - 881 RTlg| 87N <
Amn. gotton on .| 66"} e
Amn, OB iy {
Amn. Smelting . . 84%t 8414 lt%‘.us’gz.
AOarel wars, | (| 98 [ 93" |92 " 9033
Amn. Stel N ’"”‘ Six s
Amn. Suflr Ref. ..[lll% 102%1103
Amn. Te.v’n Tel. .‘.103 102% SEn
orioen Dhabeed’ | Pul By Zsu‘ 43
ican n . ! |
e .nmhu%,nmllia%
Amn H.and L. . .} .... ""f"".—,“‘
40 poel. . . , Auines ! s
Amt:.lMan;‘torp... g [ canl o i RS
ojßref. . .| derliag iz 23
f. Tobacco . . ./198 1197 i A
:mn. Sum. Tob. . . 111%:111’,&,1!1&3 z;:;
American t".pP'pér“ e ' ’.'...’ 0t
Amn. yrit. a ‘it ‘ne fifil“ ax
Anaconda . ... . G6%] 68 4|
Atchison . . . .| 94% 93%| 93%/ ::%
dupref1».,.,v....‘““;...‘i10‘
At. Coast Line .} ....| cocf <izs 4
Baldwin Loco. . .[ 177 68! T 6% ;:4
Bal. and Ohio . .| 56%| 54%. 64&] "&
A;or?r:f,l’.. $o ok coorl s N R 3322
Booth sher e} osaaeb aneatiinl
Beth. Steel B ... 67%] 671! 5‘2'%.: g:&.
Brook. R. T. . .| 36% 358 35%) =3
ButteSu&erlor... , %
(‘1!. Pet lrnum . ! coaed ' i
(?-n.dop';r(firiv' ; '.filéoé";mosuaou,’lgg:;,
‘hes. and Ohio ...| . ol il BTH
G and NOW. . . 90y nm'! 99% | "
Dol F and 1 . .l s 0 |4O _'u‘)“ | 9
C., M. and Bt. P. ..| 46%] 46% hf.m”
3et. ~ | nobe sSI el N
Chino Gogper ¥ p ARG ne oL e
Consol. Gas . . .l ... Lol 1%
Corn Products ... . ! 47 | lz ( 4 | “
Crucible Steel . . .| 58% & | :"l%’ 3
Cuban (ane Sugar i Nyl 31% 3 i &
dopref. .. . o .o '”L’”.'llbfi
Cast Iron Pipe dooyeel g "y “2 s
Central Leather . .| 63 t :g% 1923 |hl|.
hile Copper . . .20 ‘" (ar A
Chandler Motor . . 127 |1 { e
Columbia Gas . . .| ....} +... kot 00
Del. and Hudson . ....| l < THES
Dist. Securities . . ik il il B 8
e . o e 13'-\.: i i "H: e
do pref. Ist . ~ i 2% 3 %'l.f;" 11 E%
General Eleetric . .‘152 ‘162 2 12;‘(,
General Motors . . |.._‘..."...'"u‘
R i et e e
Goodrich t ¢ e Fusaltes 4
fl't’ Nor. pref. . .| ?.-\; '9.',;| b,i‘.fi _9'”:
Qt. 'Nor. Ore . arey 3% .ll%i a 4 %{ ...‘
at w«&trrn s ns ! : | ‘ veee o 8
Yost B vl ;
1. Central . . .| Byl :;\1; ::’!' ::t
Inspir. Copper ~| 48%] I‘ ‘(‘“‘
Ind. Ahmhol ; .1’.,,.'...w..u A
5 N10ev....A;‘..1._,
{3'. Agri. Corp, ..| 87%] 57 % 57%, g;“
!m.dl'uporf e !| conphienesd i 8
o pref. . . o o ...%
Kan. City Sou. .| 21 t 208 21 | 0%
80 pral. .. o] aaiil Lol .
Kennecott . . . o 35& 355 3% 36%
LMMMWM'J
Compiled by Atlanta Market News Of
fice by the U. 5. Bureau of Markets, F. H.
Bettenfield acting in charge.
Following quotations represent prices at
which the bulk of good stock of fruit and
produce wag selling Thursday with prices
on the basis of goods in the original pack
age sold by wholesale dealers to retailers
(some fancy stock bringing higher prices,
and produce in poor condition selling
lower):
WHITE POTATOES - -Minnesota and
Wisconsin Round Whites, sancked, per cwt,
$2.75@ 3.00,
APPLES--Barrels, Virginia Yorks, No. 1,
$6.00; West Virginin Yorks, A grade, 21 -
inch, $7.00@7.60; New Yorkw Baldwins
B grade, 2% -inch., $7.00. Maryland Wine.
sape, A grade, 2%-inch, $8.50; B grade
2% -inch., $6.00,
Hoxes: Washington White Permaine
XF, $3.26; Romes, XF, $3.00. Winesaps,
fancy and XK, $3.00@3.256; Yellow New
tons X, $3.26.
ONIONS-—-Northern Red and Yellow
Globes, 100-IL, sacks. $2.50@ 275, White
Globes, $3.060
CABBAGE--New York Danish, erated,
$4.00 per cwt s
SWEET POTATOER- (h'ul’m Porto
Ricans, sacked por ewt, $2.50@ "00
OBLERY ~New York erutes, 6 to 7 doz,
in the rough, $8.00; bunched, $8 50
ORANG RS~ Florida, destrable Hinos,
$4.00@4.70; nmal, $2.46 per hox
GRAPEFRUIT ~PFlorida, desirable sizes,
3‘115%3‘.’10 wvr box: smnall, $3.00
TANGERINES ~Florida, fancy wrapped,
$7.004 7.60 per hox
LEMONS - +California. $7.0 per hox
BANANAS- 6c por 1b
RUTABAGAS--Canadian, sacked, per
ewl., 82 26@2.60,
LETTUCE-~Louisiana, barrels, 5 dozen
hends, m‘; Boxton, $7.504 %00
BUNCHED VEGETABLER - Loulsiana
heets, Bb6c. per dozen hunches, carrots,
76¢ per Jdogen bunches, onions, 40¢ per
dozen bunches
BQUASH--Ohio Hubbards, be per Ih
JACKRONVILLE LIVE STOCK,
Hoge: Receipts heavy. rnntnm-u weak:
extra choiee heavy, H.!D{H 0; ordinar
ehoice heavy, 13,76@14.00; rough, 11 MJ
13.96; lights, 12.60@13.00; heavy piga,
12.00812.50; light pigs, 10,268 10 50
Cattle: Receipts med iun prospects
stoady, Steers 575 G 11,00 bulls 5360
A. 50; yenrlings, B 00@BTH: cows HESG
6,00 heifern, 5508650 venl enlies, £.50
B 0.60; canners 450 up—Williamson &
Dennis, December 11,
cent lower than at present, |
The control of business by the Gov
ernment can not be relaxed suddenly,
The welfare of industry demands that
America and the Allies shall co-oper
ate closely in maintaining credit and
’ stabilizing employment during the
period of political readjustment in
Eurbpe and the demobilization of the
armies,
Control Must Continue.
Government regulation of affairs
must continue on a considerable scale
~during 1919 and perhaps to some ex
tent during 1920. But what will hap
pen in 1821 and 19227 Will the Amer
ican people favor Government eontrol
and operation of the railroads, ex
press companies and wire communi
cation?
It is difficult to interpret the policy
of the Government in handling the
express companies. The idea has been
suggested that the administration has
‘determined to make an issue of Gov
ernment ownership as part of the
Democratic platform in 1920, and has
deliberately waited until the end of
the war to take over the express
companies in order that the issue
shall be clear-cut,
The decision of the American peo
ple regarding Government ownership
probably ‘will depend upon their expe
rience during the next two ycars,
When prices decline, the farmers in
the Mississippi Valley who formerly
favored Government ownership will
find that the recent increasc in freight
rates hurts them in competing with
foreign grain in the Luropean market,
Lower Freight Rates Seer.
They prebably will be in favor of
lower freight rates, even if this in
volves a reduction of railway wages,
It seems very probabie that the pres
ent freight rates can not pe reduced
if the present railway wages are to be
continued. Exporters and shippers in
general will desire lower freight rates.
On the other hand, Government
control has brought certain economies
and acknowledged improvements in
operating facilities which should be
retained.
‘ | | 12:30 Prev.
STOCKS— |High.| Low.|P. M. Cl'se.
Lack, Bteel . , . .f .. ... ....| ~§IIE
Lehigh Valley . .| 593 | 69| 691 695
Loose-Wiles . . . .| 42%| 42%| 42% 42%
Maxwell Motors . .| 2985, 20iC| 293, 20
do. Ist pref ' 6528;| 52% | 528! 5'!_1.5
a 0 YA pref. . .| ... iy _'\ 21%
Mo. Pacific (new).| 27% 27% 27k 27%
Mex. Petroleum. .3167%‘164%166%?106;2
Maripne. . ", ~ ]3B | BTK| %8 ‘ 267
do. p{’ef. e SIIIB%INTI3N 1145 i 113%
Miami Copper . . . sl . 1 .1 20y
Midvale Steel . . .i 46%! 46% 461 461 y
Netiopal Conduit < ... ....1 ....1 11H
National Enamel .| 48%| 48 ’ 48 | ARy
NoT . C.oB L f cobib iy ._.'2o
N. Y. Central . . .| 78%| 77&! 77%! 78y
N T NH &M 36‘&} 354/ é&%‘ 36
National Lead . .| 687% 681, \l,( 68
N.ang W. . .0 mm et IIM tlo’f
Northern Pacifie .| 9634 9514| 854! 96
N. Y, O and W .| o] 2
Nev. Con. Copper .1 19 |l9 |l9 | 19%
Ohio Cities Gas . .| 435! 434 43% 43k
Plte W Vo, Dl 00l T BN
Pacific Mait . . i 343! 34| 34! 3;u
Pere Marquette . " el vt B
Pennsylvenia . . .1 46% 46% 469 | 4614
People's, Gas . « . 84l 64% B4ls| 65
P Bteel Uy . . |OO [ 05 (65 | &8
Pittshurg Coal . \ eol } cxul WTNE
Pullman Company | ....! ....| ....1120%
Ray Consolidated .| 22% :3%] 22%} 2214
Reading . . . . .| 843! 84y 845! 84%
R L gha stel . .| 76%) 6% | 160 17
Roeck Island . ~ .| 27‘0’ 27140 273! 274
do. pref. A . .| 84%y| B3| 831] 84l
Ry. Steel Spcipgs .| 77 | 764 77 | 77
Sloss-Bheffield . .| . | l Jensl 9958
Southern Pacific {IO7B 1018 /10214 1025
Southern Railway .! 31 ’ 304 | 30‘5i Sl%
do. pref. . . .| 603,060 6934 ' 60%
Studebaker . . . .| 623 6Hl%| 518, 51%
St. L. and 8. FPran. .| 16%! 164] 1615 164
Sinclair O} . , . !' 3¢ | 33%] 3% | 3¢
Tob. Products ...! 81 8014| 80% |Bl
Tenn, Copper . . l ‘ 14%
THUE AUONNe '¢Bo i 8 ol (s, 15
Texas Oil . . .. . 1903,1188% 18914 (189%
Texha Pacitie , , .! ,‘!27
United Fruit . .- .!'lB3 [1562%(163 | .:..
Union Pacifie . .rm‘é!fll%‘lm 1130%
U. & Rubber . ~ .| 78 | 78%| 75%| 75
U. 8 fpeel . . ~ .} 9854 | 97%, 9756 984 y
do. pref. . . .1113%(112% Il!%ill!
11. Cigar Stores . .\WGMPMMIM%HM%
Utah Copper g {O4 70 1 1 ' 798
Va.-(". Chemical. .! SB6 ’56 |6B 54‘%‘
Wabash . ce ol oml en( %l 9
BB . kbl Ll ciial TS
Saniers Tlnton: . ) wooboioat ksl ll}z
Willys-Overland . .| 283 2614| 2614) 26
a 8 ek L. ! ‘lll
WORIWEFER . o s o] svosf vooul ouv 100
Weltmflmusa i 8% 3 |«
WERIOE - IROLOrE o ;% cuavlivivel siod 89
Wilson Packing Co.i ....} ....] ....| 713%,
BO s
0. 8. Lib SNE v il i) ssea) .. 197,80
do. Int do . M oeen ‘ ;:; ;3
B 8 . v ] Liasl sk s ’
«:o. 14 ML .'95.8!&”.“-“.8!;3;.82
B I %Y ol ] odaadisiiy .
do, 20 4%s . .fosanus,soiuau;u.n
do. 4th 4% s=. (956 9405 9495 94 96.00
Anglo-French bs | [ vaal awsel DEW
xEx-Mvidend. - y
WWM
| WEATHER FORECAST.
NN NSNS NI NSNS IS NS NN NGNS NN Pt
Following is the weather forecast for
the cotton bhelt for the next 24 hours:
Louisiana and Arkansas—~Cloudy ana
probably rain; warmer
Oklahoma - Rain, warmer, Friday rain
colder.
KEast Texas ~Probably rain; warmer,;
Friday, rain, colder in orth
West Texas—Cloudy ;. calder northwest:
rain or suow in nodth; Friday fair and
colder
North Tarolina-Cloudy; prohably raln
and warmer tonight
South Carolan and Georgia-<Cloudy;
probably rain :
Florida ~Falr, except probably rain (n
northwest
Alabamb—Raln.
s Misgigsippl-~Rdin, warmer in southeast,
$500,000,000 Treasury
Y .
Cerlificates Are Issued
“Sly International News Service.)
ASHINGTON, Dee, 12 -The issunnce
of treasury certificates to the amount
of SHOO. 000,000, dated December 18, in
anticipation of the fifth Liberty lLoan,
wus announced by Secretary MceAdoo
today The u-rndn‘nn-n are dated De.
cember 1 and payment Ix due May 20
e
ATLANTA PROVISION MARKET.
Corrected h‘y the White Provision Com
puny ~ bnited States Food Administen
tion License G-21371,
Cornfield hams, 10«12 average. . ... .18/
Corutield hmnn, 12-14 average .. .., .I!‘2
Cornfield skinned. hams, 1618 av, ~ i
Cornfield plenie hams, 6.8 nyverage a 8
Cornfield breakfast bacon, a 1
Cornfield sliced bacon, l«<b boxes,
12 to case btas B 0
Grocers’ Lucon, wide or narrow o sl
Cornfleldd pork sausage, fresh ‘link
or bhulk .23
Cornfield wieners, in 10-Ih. cartons 23
Cornfield wieners, in 124 h. Kkits, in
piekie $3.28
Cornfield bologna sausage, in 26-1 b
boxes .. 20
Cornfield smoked link sausage, in
26-Ih. hoxes ~ fuiadivine JYBN
Cornfield lard, tierce basis | ' 29 1y
hasin ; 30 %
Country stvie lnrd, tierce busis o aao %
Compound lard, tieres hasis . Sy
trnndmother's pure 18af lurd, tioree
D, R extra ribs % IR | |
1), ® hellies, mediun "sverage, ~,. .32
D 8 bellien, HEht AV0rage........ .3!\2
NEW YORK, Dee, 12.—~Although there
were some recessions in the initial trad
ing the stock market quiekly de\'o-los)ed
a strong tone with a movement to higher
| levels
| The steel stocks were under pressure
for a few minutes when Steel common
declined '3 to 97 518 but was steadily
taken and had a quick raily to 98, Rail
jroad stocks moved in the same way,
{ Union Pacific falling 1% to 129 3-4, frim
[ which it rallied at 130 318
l The minor steel industrials also ral
| lied after fractional losses in the ini
| tial trading
| Southern Pacific dropped 1 point to
‘,1“134. with a rally tgo 102%. Marine
preferred was the strongest feature, and
laftér losing 3-8 to 113 518, had a quick
advance to 115,
| There was a good deal of selling pres
sure against the market in the forenoon.
| The market was full of selling orders,
lin the railroad stocks at the start, but
| these issues were well taken, Union Pa
‘cific_anly dropping to 129 5-8 Bnml\-i
lvn broke to 35 5-8, a new low. The |
| steel shares were weak, United States
| Steel selling down to 97 1.4 and Bald
'win to 75 5-8.
’ The coper stocks were about 1 point
lower Marine preferred was a strong
"w\w-nnnn, moving up 2 points to 115 7-8. |
| Mexigan Petroleum rallied nearly 3|
l[)ulnls to 167 5-8.
FINANCIAL BUREAU ON STOCKS.
NEW YORK Dee 12.—~Buying orders
L are increasing under the general stock
market, according to reports received from
several well-posted hrokerage and special-
Ilsl sources There has been a tendency
during the last tew days to inmmmml!'
|\\l\ll‘|l the creeping upward moves in va
rious departments, and it is considered
likely among professional operators that
vactions may be small in consequence,
| Barring unexpected news !
| Good buying is reported in Westinghouse |
| and General Electric stocks. There u-wms,
to be a feeling growing into a conviction
that these companies are going to be able
| to readjust themselves to peace require
| ments in very short order It is also |
stated that stocks of electrical supplies
| all over the country are depleted to nl-l
| most nothing
! NEW YORK PRODUCE MARKET, |
| NEW YORK, Dec. I%.—Petroleym fivm:
| crude Pennsylvania, 4.00
Furpentine steady o@7l
Rosin firni; common, 14.7064015.00
Hides, firm native steers 2T @2By ;
| branded steers, 264, @26 %
l Rice firm; domestic, 8. 10641160.75
Molasses firm; New Orleans open kettle,
l?oi‘u?«;fi black strap, 18@22
| Sugar unchanged '
| _Potatoes firm; nearby white, 3.05@4.85
Bermudas, 5,00@56.65; Southern, 3.50@4.00 I
| Beans firm, marrow choice, 12.00@12 .’m,l
pea choice, 10.00@10.50; red kidney choice, |
11.26@12.50 |
Dried fruits firm; apricots, choice to!
fancy, 21@25; apples. evaporated, prime to |
|l.m~\ 14% @163, ; prunes, 30s to 608 T',’gl {
10Y ; seeded raisins, choice to fancy, 94 @ '
I 13%
FINANCIAL NOTES,
New York Coffee Sugar Exchanges
te reopen ISecembo:.% for _trading in
months of May and thereafter at limited
daily fluctuations of 150 points,
. -
Copper men to discuss in Washington
prices after January 1 of the export busi
ness. It is bhelieved in Washington that
the Government will relinquish control of
all commodities except tin, abolishing
maximum prices January 1.
20 &
Aetna Explogive security holders agree
to plan for ending of receivership.
. N »
Director General McAdoo urges Congress
to extend Federal control of rallroads untii
January 1, 1924 Improvement grolmm
provides for expenditure of $400,000,000
a year. He believes extension will benefit
public and roads alike, The President ap
proves the plan. i
.5 & i
New steel prices agree upan average
about $4 a ton lower than exiSting maxi
muim.
e S
New York Stock Exchange m]adyo adjacent
property, corner of Wall and New streets.
for $750,000 in order to have larger quar
ters for increased trading expected to de
velop thrnu,h flotation here. of large
amounts of foreign securities,
.9 -
The average price of twenty industrials
8§4.27, decrease 23; twenty active rails
87.90, decrease .35.
5 ¥
Thomson, McKinnon & Co. say: “Re
ferring to saveral conflicting messages in
relation to steel upon inquiry we are in
formed that after the agreement to rukc.
price of steel $4 per ton by the steel nrtan
ufacturers, Washington announced that
control of the Industry was te end in
three weeks Therefore. the revised list
of pricea was not submitted to the war
industries board and until there has hoep
some authoritative amnouncement to the
contrary, we may assume that following
January 1 the business will be unre
strained in every respect, either as to pro
duetion, distribution or price."
"y g
F. M. Dick, of B. F. Hutton & Co., says:
“Shorts are pretty well covered in the
stock market, and it is waiting for some
thing new. As usual when it i 8 up every
one hecomnes bullish.”
; . oy
Officials of the price-fixing committee
of the war industries board indicated that
in all probabllity price-fixing and super
vision of copper by the Government will
end January 1.
9 88
Steel ignot production for October, ae
cording to statistics complled by Ameriean
Iron and Steel Institute, was 3,060,154
tons, This is a marked decline from pre
vious month's figures,
. . .
Denntured alcohol has been reduced hy
manufacturers to 6 cents » gallon, care
loads, and 67 to 68 cents in smaller quan
tities
58 9
Official statement by Secretary Redfield,
of Department of Commerce, that Belgium,
France and England are about to call upon
the United States to supply hnlldln’ ma
terial and nquH:mem for at least 1,000,000
houses had influence on stocks of com
panies manufacturing bullding materigl
and those engaged in construction husis
ness. Al indieations peint to big building
in the United States
come————————
ATLANTA LIVE STOCK MARKET,
(Corrected by W. H. White, Jr., President
of ‘White Prevision (o.)
Good te cholce steers, 860-1,000, 9.00 Q
10.00
(lood steers, THO-850, X 50@9 00
Medium to good steers, 650-760, 7.50@
%00
Medium te cholce beef cows, THO@B6O,
T ou@. 6o
Medium to good cows, 6560-760, 6.50@
7.00
Good to cholee heifers, 650-660, 6.00 Q
7.00
The above represents rullng prices for
good qunlity fed cattle Inferior grados,
Pdairy types and range cattle quoted bhe
low
| Medium to good steers, 700.800, 7000
1% 00
Meditin to wood cows, 600-700, 6.00@
6,00
Mixed common, bug?s.oo,
Good fat oxen, 660407 60
Good butcher bulls, 6,006 7.50,
Cholee veal celves, '.'0085 00
Yearlings, 5«00?6 00,
Prime hogs, 1651256, 13764014 60,
Light hogs, 130-1606, IS,WTH 6o
Heavy pigs, 1004130, 12.00401% 60,
Ldght pigs, KO-100, 11.00@012.00.
The above quotations apply to goed
quaiiity mixed sod hoga, '
ST LOUIS LIVE STOCK MARKET,
T, LOUIS, Dec, 12.-Cattle: wagu.
¢ 5,000 Market 10 to 16 polnts higher ne
tive beef steers, 115061560 yearting beef
tulm»rn and heifers, § g"fi 16.00; cown, 1756
@260, stockers and feeders, 8 00@Q12.00;
enlven, Tlß@ 12,60, falr to prime yvearling
heef steers, 10 00@18.00, heef cows and
{ helfers, 7.506218.00; Southern prime year!-
| Ing steers and heifern M»q&n.oo,
Hous Receipts, 24,000 urket steady
Mixedd and butehers, \7.26@017.66. good. !
[l7 80@ 17 60; rough, 15.26@ 16,40, lights, |
* 17251740, pigs, 15004 16,00 "bulk, 17258
aplli.6h
sheep lm--,l‘{m. 2500, Market stesdy |
Fiwen nno?w 0, canneors und choppers,
b.00@0.00, lambs, 15008 15.50.
}
'AGRICULTURE FOREMOST PEACE
§
)
INDUSTRY; FARMERS THRIVING
Sy , i
) AU A T A NN A NPy
Few people appreciate fully the present position of agriculture in the
(world’s economic affairs, Agriculture is still the greatest industry in
Georgia-—or the world
l Likewisge, it is the first and foremost peace pursuits.
' It is the one industry for which there is definite promise of practically
unbroken prosperity during coming post-war years. )
' Paul Clay, in an article in Forbes’' Magazine, lays emphasis on these
points. A few excerpts from Clay's article are given below:
‘ “The primacy of agriculture and its almost undisturbed prosperity
through all financial disturbances are mainly due to the fact that the in
dustry supplies the most primitive wants of the human race. Of all the
products of industry the most indispensable are, in their order of im
portance: First, food: second, clothing; and third, shelter.
“Agriculture supplies all the food, furnishes the cotton and wool from
which nearly all the clothing is made, and its allied industry, forestry,
provides most of the shelter. So when there is not enough money to go
around, we spend what there 1S for agricultural products and curtail on
other things
“When there is not lahor enough to go around, we produce farm prod
ucts and neglect other industries.
“Agriculture produces about 80 per cent of all the world’s raw mate
rials, if one includes forestry. Thus it is 80 per cent true that the farmers
produce all the world's raw materials, while all the other businesses and
people combined merely refine and rehandle these materials.
~ “In the past. agriculture has been
the most stable of all industries: to
day it is in a stronger position than
ever because its profits are divided
between a relatively smaller number
of families,
“Even in the Civil War period it
showed remarkable stability, although
At that time 839 people of every 1,000
lived on farms or in rural districts
At present only 572 out of 1,000 live
in the rural districts, and these get
all the business which formerly went
to the 839,
“The steady growth of am‘lrultl’re
throughout the Civil War and after
it, was one of the great features of
the time. It was the basis of the war
prosperity, and it was the mainstay
of business during the readjustiment
to peace. The prices of farm prod
ucts held better than other prices, and
the farming people almost monopoliz
ed what prosperity there was.
“The farmer is now in a stronger
position than he was then. At that
time the market for his goods, aside
from his own local rural market, rep
resented only 18 per cent of our total
population; for it was only 18 per
cent of our people that lived in cities
of 8000 or over. Now his market,
aside from the rural districts, repre
sents nearly 43 per cent of the total
population. In proportion, as he has
more mouths to feed, his services
and his products are more indispen
sable than they were then.”
Other industries, especially manu
facturing and transportation, have
drawn people away from agriculture,
Kvery person who leaves the farm
increases by so much the market for
great has been remains at home. So
gheta has been the movement away
from the farm that but for the rapid
invention and manufacture of agri
cultural machinery since 1860, the
world's cities could not have been fed.
The great cities in America—and
even in Europe-have practically all
grown up since 1870,
It is only through the invention and
use of mowers, self-binders, thresh
ers, seed drills, milking machines,
separators, farm tractors and the like,
that the reduced proportion of farm
ers has heen able to feed the rapidly
expanding cities.
The end of this war finds the farm
er in the strongest position he has
ever enjoved on this continent.
; FERTILIZER MATERIALS. s
e A AAN A ISt
Corrected by HARRY COHEN, United
States Food Administration License No.
G-27360.
Nitrate of soda, 95 per cent, prices nom
{nal; no offerings.
Sulphate of ammonia, oulk, f. o b
works, 100 pounas, s7.Bv.
Blood, e. a. f., Atlanta, bulk, %Of unit
ammonia, $7.25; tankage, . o. b. Chicago,
bulk, per unit ammonia, $6.76: tankage, f.
0. b. New York, rr unit ammonia, $6.75.
Nebraska potash, c. a. f. Atlanta, $5.00
per unit potash.
Camp Gordon manure, f. 0. b Atlanta,
per ton, nominal,
Acid ‘rhuphuto. ¢ a [ Atlanta, bulk per
ton, $17.26.
Tobacco stems, ¢. a. f. Atlanta, unit
potash, $6.00; per unit ammonia, fc..'u.
"%m. ¢. & f. Atlanta, per 1,000, $3.26@
lo'y‘ bean meal, f. 0. b. North Carolina
points, 8% per cent ammomnia, 2 per cent
potash, 1% per cent available phosphorie
acid, per ton, $82.50.
Bone meal, steamed, 3 to 50 per cent, at
$36.00 f, o. b, Baltimore; raw, fls to 50
per cent, at $42.00 f. o. b. Philadeiphisa,
both buyers’ bns; ‘
Peanut oil, $1.36 in bu[on' tank cars; in
barrels, $1.40; buyers furnishing barrels,
prices f. o, b, mills. . ‘
Peanut hay, SIB.OO f. o, b. Atlanta,
Velvet bean meal, $42.00 f. o, b. Atlanta.
Feanut meal, $69.00 per tom, L o b. At
lanta, ‘
e ————
CHICAGO LIVE STOCK.
(By U. S. Bureau of Markets, Dec, 12.)
Hogs: Estimated receipts, 18,000, Mar
ket strong Top, 17.90; butcher hogs,
heavy, 17.80@17.90; packing hogs, heavy,
16.86@17.66; medium and mixed, 17‘252‘
17.60; light, 17.10@17.75: pigs, 14.26
16.75; roughs, 16.00@ 16.85,
Cattle: Estimated receipts, 13,000, Mar
ket strong. Beef cattle, good choice, 15 00
@19.10; medium and common, 14.26@156.00;
buteher stock, heifers. 6.50@15.50;. cows,
6.60@13.00; canners and cutters, 6. 85@6 80;|
stockers and feeders, good cholce, 976 @
13.26; common and medium, 7.26@9.75;
veal calves, good choice, 8.60@17.00
Bheep Estimated receipts, 37,000, Mar
ket lower. Shorn lambs, choice and prime
16. 2640 15,40, medium and good, 14.00@
15.26. spring lambs, good cholce, l:l‘.tsg
14.26, feeder lambs, good cholee, 12.50
13,00 ewes, choice prime, $.26@9.66, me
dium and good, 80040 25
ATLANTA SECURITIES,
BTOCKS il | Bid. |AskA
Atiantic Ateol Co., com, %....|IOO |llO
do pref sescaannainnes] BB 94
At. lce and Ceal Corp. ......| 62 65
do pref. . Skt wnissbinih T 8 75
Atl, and W P. Rallread ......|]lso |1566
Atlanta Natlonal Bank . .. 1286 |295
Central Bk, and Trust Corp. .[l6O [163
Fourth National Bank e
Augusta anl Sav. Rallway ....| 92 "
Atlanta Trust Company .....| 80 "
Bxposition '‘otton Milis ......[1%86 180
Fulton National Bank e 11T%120
Empire Cotton 011, common ..| 67 60
do ovref srssneens i) DRWE B 9
Cnate City t'otton Mille ... ...|228 4
Ga. Ry, and snnging Co. ~.(2% |233
Ga. Ry and Blee. To. ... .....JllO 'lll
do, br. O svosennnessane of 18 5
30 30 W, .iis 6s e 3w
40 COMMON - 2uovso srssn-ol B 11
Lowty Nnationnl Bang ......Q¥2o 288
southwestern Rallroad . ~.....] 96 v
Third National Bank ........|216 118
Prust Compuny of Beorgia ....[250 [2BB |
Atl, Cons. Bt. Ry 0s ........ 1100 (103 "
Atl.<Char, Alrline 65 .. .......[6,10 |[Bansis |
Bonds.
Atlanta 345, 1940 civssed 4.4o|Basis
Atlantic Ice and Coul, 68 ~..[ 93 "
Atlantie Steel 6n sssresiel B 8 21
Ga. Railroad and Bunk. Co, ....! §5 59
413 HO!I_A RD INSURANCEAGENCY
305, GRANT BLDG. | PHONES: g
LT e e
. R et i Sreaiin st ioo ot it ii 0 daoii eRk
¢ ATLANTA MARKETS i
(Corrected b{ Cone M. Maddox.)
Administration, License Number G-06583,
Apples.
Sun Dried, 50-pound SAacKS ..,..... .13%
Baking Pewders.
Bnocems, 48, B 0 i i icivisiiciibene DN
Rumford’'s 1 pOURNE ...svisineciic OB
Rumford’'s, % pound .......c... 3.98
Bran.
Pillsbury’s Medicinal Health Bran 1.38
B?nl.
Callfornia Limas, 100-pound bags .., .18
Canned, 24%5, String .....vceccoo« &850
’ Catsup.
Bull Head, 38 B 0 . iiicinisiiiniiin
Royal, 36, 6-ounoe :i.icsivesacvobe SN
La Creme, 24, 8-ounce .......ceseves 08
Cereals,
Post Toasties. 36 packages ........ 4.10
Kellogg's Corn Flakes, a 6 packages 4.20
National Corn Flakes, 36 packages.. 3.60
¥rinkle Corn Flakes, 36 packages 3.40
Grape Nuts, 2 dozen packages .. 2.85
Shredded Wheat Biscuit, 36 packages 2.30
Pillebury’s Vitos, 1 dozen pgks... 2.20 *
Cocoanut.
Baker's, eanned, 10 oz., 2 d0z..... 2.48
Imported, Shrod. 130 Ib. es. bulk .30
Domestic, Shred. barrels, bulk.... .27
Coffee.
Arbuckle's, 100-Ib, cases ..........20.78
Arbuckle's, 36-Ib. cases .........20.98
Arbuckle's Breakfast, 24 1-lb. pkfl. 248
Arbuckie’'s Java and Mocha, 24 1-Ib.
PRES. ... ocosbinnsesorasiruvnst I
Blue Ribbon, 1-Ib. C4NS . ....evveuee 30
Luzianne, 30 1-Ib, PKES. ....cccooo <3O
Perfoction, 1-Ih PREB i..corisrin B 8
Royal, “0-lb. bugs, whole or ground .18
8. P.,, Koasted Rio. 100-Ib. pkgs .. .18
Compeound.
Lard Compound, 60-ip, tubs ...... .24%
Sriowdrift Lard, s+BB .....c.otsiese 200 D
Snowdrift Lard, 12-48 ....,......13.50
Corn.
No, 2 Standard, 24 cans .......... 400
Swoeet Marle, felf Rising, 24--Ib.
BRORE ..coeovicpritevsyeiivssiisr BN
| Bweet Marie, self rising, 48-llbL.
BBARE i, sgihinnveis eaniashiivi RN
E-Z Bake, Pluin Patent, 24-Ib.
BOCES oo vus s chbaks sobesnigeiis R
E-Z Bake, Pla'n Patent, 48-ib.
sacks . ... swk ks Nreibavibr i
Pillsbury’'s Best, 24-Ib. sacks ....12.00
Utility, 140-Ih. Jutes ............ 1048
Pure White Corn flour, 100-Ih.
BN e v aiee BN
Whole Wheat Flcur, 98-Ib. sacks.ll.2¢
| Pure Graham Flour, 98-Ib. sacks.ll.o§
White Rye Flour, 98-Ib. 5ack5....11,08
Dark Rye Flour, 98-Ib. sacks ~.... 8.3¢
Barley Flour, 98-Ib, sacks ~..., 5.98
Pumpernickle, 98-Ib, sacks ........ 8.58
Grits.
100-Ib. bags, medalum ......,..... 50t
Package Grits, 24, packages ...... 2.7 t
... Frmt Jars,
Half ga'tons, per gross ..........11.8¢
CIUATES, DOF SVOME Juis s osas s inehnnts 3.“
PIOS, POF MYOED (i issneisrasihie DB
CRPE, DT BTOME ... :vessnvasinesy: NN
RlNgs, per Grosd ......sesessssee +0
Hominy,
Hougland’s, 24 S%b ...scdisanne 200
Kraut. *
Hougland's, 24 2%s ....i.8c0e000: 5
Macaroni.
Red, White and Blue, § and 100.... 190
Bullt 2010, DOXMN iiii..ranssnhoes B
Bulk, DaArrels .......ccovsessnnsnes NN
Milx.
Carnation, 98 6-02. cANS .......... 6.50
Carpation, 48 16-oz. cans ........ 1.20
Dime Brand, 48 11-02. cans ........ l.u
Eagle Brand, 48 15-02. cans ......« &
Mince Meat.
Atmore's 1-Ib. bricks . ........cOOOO 28
Atmore's Condensed. 25-Ib. kits ..,. .18
Molasses.
C-0, Louisiana Molasses, bb15..... .
Black Btrap, in barrels .....ciseeoe o
No. 12, New Orleans Molasses .... .4
Aunt Dinah, 48 1%-Ib. cans ...... 4.30
Mustard,
B¢ V.OB 000 ..iiivichisveidbinnt I.a
Libby's, 3¢ B<OR .......cosenenns B
Oatmeal. !
Purity, 18 round mfin.u rosnee 3.00
Union Cooking Oil, drums ........ 1.68
Wennon, 34 DIBS c.ovosvesnnsinssss Ty
Wotnohh, § IOFEO i iisiconsisnseninn.
Wesson, 8 1 gAIIONS ..oeveevisn 207
Wesnoni, 3 6 GRIIONS . .osoensssnsnilih
Okra.
24 No. 2s, Dwarf, canned ....., 3.28
Penches.
No. zs& Georgia Pie Peaches ...... w
No. 2 Georgia Table Peaches ......
[ P'eanut Butter.
24 8-oz. jars, Kellogg's ...eeee. 640
! Peas.
No. 2, extra sifted, 2 doz. ..,..cenes 478
No. 1 Bieve, 24 2's, N. Y. Stats..., 5.7
No. 2 Bleve, 24 2's, N, <. State .... 5.4
California Blackoyes, 74-Ib. bage.. .00%
Peel.
Candied Citron Peel, 20-Ih, boxes.. .40
Pepper.
Durkee's, Black Ground, § er 10c 4.00
Bee Brand, 10c black, ground .. 3.60
Biack Ground, 15-Ib. pails ........ .40
Perk and Beans.
| Vas Camp’nh 48 '8 ...onvsspenses RO
Suagar.
Standard ¥Wine Granulated Pure
Cane, In bble. or 100-Ib. sacks .. 9.60
Sage.
Rubbed, 6<lb. boXes .........cvees <BO
Lonl, G-I LORME siivisiosiancsan
Bulk, whole, In barrels ......ceeuee 58
Postum,
1 Dozen largo, regular .....e.... 3.28
2 dozen small, regulaf ....0..... 2.70
ASOrtadl, YORUINP ciiiissesinsssns B
1 dozen large, Instant ..,....... 4.58
2 dozen small, instant .......... 5.40
ASuurted, INBRANE i iiiicnsbsinssis R
Potted Meat.
JAODW'S, 0 W'D iiiiiiiindiviies BN
Kingan's, 48 %'y ..., Hikivsaass B
Salad Dressing.
Dyvekee's Plchic, 348 seeivsiviise 508
Durkee's Medium, 240 .......000. 599
LIDOY'S 36, YODMIAL ..isosvenssises DR
Nalt,
Ozone, 26 2-Ib. packages .........., 1.00
Chippewah, 100<1b, bags .......... 117
Baker's Salt In barrsls . ....00000 4,28
Sardines.
14 Ol Keyioss, 100 cans .......... 1.28
14 Mustard, Keyless, 100's ........ 1.28
154 Oil Carton, Keys, 1008 ........ 1.7
Sonp,
Clean Basy, €0 bars sarasersnse BN
Fel's Naphtha, 100 bars o oenn SN
Grandma's Washing Powders ...... 3.00
Soup.
Campbell's Tomato sisaervivia BN
Nninach, >
Libhy's, 24 214% T
i EXPERT
FITTED BY E
Write tor inlormation
JARRELL’'S TRUSS STORE
14] Poach Tree Arcade. ATLANTA