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. |
Atlanta bank clearings Thursday... ... ... ... ..$11,394,285.64
Same day last Year ... ... cccoeve see eee 0.... 8,963,166.34
DI (0 s e v s e e v SRR
Same day last week .. .. .. c.cil el il cee o 11,0565,284.03
Bame day 1018 ... ... cc. oo ioe ees see seess 5,016,488.00
-» . ‘
Atlanta spot cotton Thursday ... ... ... ..... ..... 28.26 c
DR M WO ... c.: coirvis ns sa wee socinveas DEING
Bame day last FOAF ... .c. coiieit coh see see sesrones 30.1501
TRR REE RO N T
. » .
Atlanta cotton statement Thursday ‘
1918. 1917. 1916.
B ... ok ke ssd s RID 1,177 1,299
BUERRAES ... ol i asaiena AUNL 918 1,956
BROIED ..\ s v W e i MDD 47,101 84,610
. - -
New York cotton futures closed 18 to 35 points higher.
» . -
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
from Wall Street, ring traders and for New Orleans account. Offerings
at the start came from Liverpool sources and the South. But the supply
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.
Musiness 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.
The more traders juggled WeWdnesday’s crop estimate the more bull
ish the digestion seemed.
_New York advised that the belief prevafls that each ginnings report
from now on will prove that the crop was overestimated and that with the
great world’s requirement of goods and cotton the supply will be inadequate.
Shorts, spot firms and trade houses were eager buyers during the
afternoon, with offerings light. Values in New York rose to a net gain of
35 to 60 points, with a similar gain being recorded in New Orleans. Decem
ber rallied to 27.40, while January reached 26.26, March 25.10, May 24.25,
July 23.65 and October 21.70. Final prices were 18 to 35 points higher,
the best prices being trimmed as the result of realizing by scalping longs.
Atlanta spot cotton advanced 35 points to 28 1-4 cents.
* .- "
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.
» - L
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
lacky guesser, his estimate being 10,950,000 bales, against the Govern
ment’s estimate of 10,949,000.
The average guess of members of the Exchange on this vear's esti
mate was 11,347,250 bales.
59 8
ESTIMATE TOO HIGH, LOCAL COTTON MEN SAY—TLocal cotton
mh:ntsm'l'humday, f('.f])‘;mlrsmlz;ting on the Government’s cotton crop esti
or the season of 1918-19, were almost unani
&b ,?,hme“ Wers toe Wieh. mous in the opinion that
e following expressions with regard to the G ’
were furnished The Georgian Thursday: ¥ VTS S
|
|
CHICAGO, Dec. 12.—A reduction of
167,000,000 bushels of corn, as shown in
the Government crop report for Decem- |
ber, as comtmd with the November
nport_ stimulated a heavy buying mar
t today, with prices rising from 2 to
b cents higher over yvesetrday's close,
Bhorts, frightened as the possibilities,
crowded each other, and the advance
was rapld and specatlur. ILater, prices
rose to a net gain of 5 to 6% cents.
Oats, feellng the influence of the
corn, advanced also, reaching 2 cents
higher than the close of yvesterday in |
Bsome deliveries. Trade was brisk, and
the locals were largely on the buying
'm;{er Prices opened 1% to 1% cents
!’rovislona were dull, keeping around
yesterday's closing prices,
Deferred options eased off from the
top during the final hour., Final prices
were 3 3-4 to 4 3.8 cents higher.
Oats closed 7-8 to 1 1-8 cents higher.
Provisions closed lower.
Grain quotations:
Open. High. Low. CI (!T"'
b b s one >
CORN -~ s
Dec. 1.38 1.39% 138 1.37% 1.34
Jan. 1.37 1.37 1.36 1.35% 1.32
Feb. 1.34% 1.37 1.344 1.34% 1.30%
nch. l:};'.' 1.37 1.34% 1.35 1.30%
ay 1.37 1.37 1.34 1.35 130 %
OATS-~ .
Dec. 75 75 74 74 73%
Jan, 3% T 4% 73% 73% 72%
Feb. 74 4% 73% 734, 724
=eh~ ;Ig% ;2% 73% 3% 3%
a; 5% 3% 73 72
PORK — i
m 48.90 48.90 4850 48.50 48.75
45.16 256.20 44.80 44.90 45.0
Uh‘l.ll 45.16 45.15 45.15 45.00
RD-—
Dec 2630 2630 26.23 2622 28.40
Jan 2636 26.42 26,17 2629 6.36
H“ 26,85 2690 2676 26.76 25.77
IBS—
Jan 2680 2690 2570 2572 25.76
M'y 24.95 26.07 24.87 24.90 24.90
CHICAGO CAR LOTS.
CHICAGO, Dec. 12.-~Following are re
eeipts for today:
Today. Cont. Inspt. 1917,
Wheat .., . . 215 133 214 13
. v . . M 173 223 137
B . s« . 100 166 172 106
Hogs .. . . .16,000 *o .o
GRAIN NOTES,
CHICAGO, Dec. 12.-Corn: The nroJ; re
port on corn is a decidedly bullish docu
ment, particularly so in view of the {m‘l'
that It Is & complete surprise to the trade, |
Market, therefore, has not anticipated It |
The whole situation Is well phrased by !
The Morning Tribune, which says: ““The/
man who has the stuff, the farmer, s/
bullish, while the theorist is bearish '’
Total yleld is not considered sufficient for!
domestio needs. Farm feeding value, there- |
fore, bhecomes a prime factor in values. |
The trade ndheres to the long established
ratio of ten to one between corn and|
hogs, The hog price is fixed for the|
month of Januanry at $17.560 '
Onats: It seems [ikely that onts will sym
mthize considernbly with corn, although
the erop is the third largest on record.—-
‘homson, McKinnon & (o l
. . -
R. J. Mansfield, of Nartiett-Frazier Come |
wny, who has just returned from a trip|
lownstate, says that In some gections;
farmers are willing to sell part of their)
surplus corn, but in other sections they |
ire oribbing their corn and intend to hflldl
t for the time being.
THE WEATHER.
WASBHINGTON, Dec. 12.-~Raln may be
expected tonight or Friday In the Ohle
Valley and the East Gulf and Bouth At
lantic States. It will be somewhat warmer
in the Ohlo Valley.
Forecnst By Ktates,
Qeorgin—loudy tonight and ¥Friday;
probably rain
North Carolina-—Generally cloudy tonight
and Friday probably rain, warmer tonight
in the interior,
Bouth Carolina—Cloudy tonight and Fri
a.n;‘- probably rain.
orida-—Falr lonlfm and Friday, ex-
Dulhruu n nerthwest portion
ietama— ain tonight And :dm%
M i -Rain n day;
e GBight 18 southeast pertiom
' E.B. EHNEY.—I believe the Gov
ernment’s estimate is too high by
fully 150,000 bales. However, the
figures of 11,700,000 bales can not
be construed as anything but bu)!-
ish, because altimately every bale
will be needed. Just as soon as
domestic machinery is adjusted to
peace basis mills will come into the
market on a 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 crop next season, I
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.
Georgla’s estimate of 2,100,000 bales
is fully 150,000 bales too steep. As
to prices, all depends on ocean ton
nage, which at present is very poor.
If we get more tonnage, then I be
lieve prices will advance. Farmers
are holding.
J. HOPE TIGNER, SECRETARY
OF THE ATLANTA COMMER
CIAL EXCHANGE.—-1 accept the
(’mvernment’s estimate as conserva
tive. 1 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-I 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
linters, This compares with 1,400,
000 bales ginned Auring the same
period a year ago. Evervone knows
that the season of 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 preva'led
throughout, so far, With such bull
fsh surrcundinegs, T belleve cotton
will go to 35 cents a pound by early
spring.
J. B. GORDON, LOCAL REPRE
SENTATIVE OF LATHAM BRAD
SHAW COMPANY --The estimate
{s too high by more than 100,000
bales, especially based on 505
pound bales. Arother reason |is
that It ealls for a large amount to
be ginned from now on. The sea
son wns the earliest on record, fore
ing early maturity and weather
conditions have bheen excellent for
harvesting the crop, After peace
conditione are more settled, T be
llave higher prices will prevall. The
first of the yvear should see more
settled conditions,
J. R. ELLIS, JR.—I think the es
timate is very accurate. I believe
the market gradually will advance,
but not rapidly. Present values are
very cheap. Farmers show no in
clination to sell. A few weak mer
chants are selling, but on the whole
the holding movement is firm.
$500,000,000 Treasury
Certificates Are Issued
vS" International News Service.)
ASHINGTON, Dec. 12« The issunnce
of treasury certificates to the amount
of $5600,000,000, dated December 18, In
anticipation of the fifth Liberty Loan,
was announced !;( Secretary McAdoo
today. The certificates are dated De
cember 19 and payment ls due May 20,
1919,
S m————
( Lfl‘ ] Ar:‘ e B
: iN A i}.»..sg ?D A R[S n e .
G\ || B 2=\ TL ™ O ZA\ BK E bA Al GgoE : ]| -
[E; -‘ VAU TG . fé}: F A'b . (\:_;
AR NG 22\ BN G |LA fn @
i-0 . :=2 :_."7-’,‘
NEW YORK, Dec. 12.—Buying of late
months by spot interests was a feature
at the %penlnfl of the cotton market to
day, and chiefly responsible for firmness
in those positions. The whole unfa at
the %penlng was from S'folnta net lower
to 15 points higher and at the end of
the first 15 minutes prices were 4 to 30
points net higher.
The market displaved considerable
strength during the afternoon, with the
majority of traders acceptlnfi the Gov
ernment crop estimate as bullish. Spot
firms and shorts were sgood buyers and
oflerings were light. trong spots also
favore hliher prices. At the top the
market exhibited a net gain of 36 to
60 points, with December at 27.40, Jan
uary 26.25 and March 25.10.
Just before the close realizing trimmed
the best levels.
Final prices were 18 to 35 points
higher.
2883p(4>t cotton was advanced 20 points to
New York 1 la. m., bids to Liverpool
were:
January 26.99; March 4.82; May 23.97;
July 23.35.
New Orleans 10 a. m. bids to Liver
g;ml were: January 26.80; March 24.31;
ay 23.57; July 22.90.
NEW YORK COTTCN.
___|Open. |High.| Low. [L.Sale| Close. |Prv.Closs.
Dec ‘27.00!27.40}27.00]2133!27.23~30127.05
Jan |25.80/26.25(26 86X26.06128.00-10;26.65-67
Fob oo bsiilailcs 10000 24.76
Mch |24.65/25.10/2462|24.88/24.87-90/24.60-70
APr Favoßvail Gl i 0080 ' (28,00
M'y 123.70]24.25/23.70/24.03|24.02-06/23.71-76
0 ] cevibiii ey il i IBNAE 23.50
Jly \23.10!23.65 23.10/23.37)23.37-38{23.10-16
A'g vib el v adE rek i 410000 22.30
Spt t silie iy oAR 21.70
Oct 121.20/21.70/21.70/121.43]21.43-45/21.16-20
Closed steady.
— NEW ORLEANS COTTON. ____
. |Open. [High.| Low. [L.Sale| _Close. |Prv.Close.
Dec |Efifik4’27.20[26..‘(4|27.20|27.00—16|26.56-60
Jan [25.55126.03]/26.85(25.80(25.70-80(25.36-40
Mch !24.10124.07\23.88“‘4.35!24.25-35124.00-02
M'y 123.36/23.83123.30/23.60/23.50-80{23.27-30
Jly 122.70/233.1/22.70/23.06/23,85-90(22.62
Oct [20.60/21.11]20.60]21.11]21.70-80120.40-52
Closed steady.
LIVERPOOL COTTON.
LIVERPOOL, Dec. 12.—Cotton futures
opened steady today. Spot dull; prices
easy; sales 500 bales. American mid
dl ng fair 22.08; good mldd]lni 21.40;
middling 20.77; low middling 19.72; good
ordinary 18.20; ordinary 17.67.
Futures opened steady.
Prev.
Open. Close, Close.
December .. .. .. ..19.68 19.64 19.68
SEBUREY .: ss se 04 2000 15.85 .09
TIDVUREY +0 55 20 00 20,48 2768 1170
MEROE: ..% .y s s IS 1N 1720
AR .. .. ioir i KsIBNS 1538 30D
Closed steady.
SPOT COTTON.
Atlanta Commercial Exchange aquotes
good middling, 28.25; sales, Wednesday,
900 bales.
- rls'«w Orleans, middling, 28%; sales, 648
ales.
Liverpool, god middling, 21.404.
New York, quiet; middling, 28.75.
Philadelphia, middling, 30c.
Savannah, nominal; middling, 29.
Augusta, middling, 27%.
Galveston, steady; middling, 31.
Houston, steady; middling, 30c.
Boston, steady, 29.25.
Charleston, steady; middling, 29%.
Wilmington, middling, 23.76.
Norfolk, middling, 26%.
Memphis, middling, 28c.
St. Louis, middling, 30e.
Dallas, nominal; middling 28.85.
Mobile, middling, 27%c.
Little Rock, middling, 29e. g
Montgomery, nominal, 27%.
ATLANTA COTTON SEED PRODUCTS.
U. 8. Fixed
Descriptions— Prices.
Crude oil, basis prime .......... 27
Cotton seed meal, p. r. ammonia ,§55
Cotton seed meal, 7 p. ¢. Georgia
common rate point ............$656
Cotton seed hulls, loose ........sl6
Cotton seed hulls, sacked ........nominal
Linters, clean mill run ........§ 467
COTTON PORT RECEIPTS.
The following table shows receipts at
the ports today compared with the same
day last year:
| 1918. { 1917,
New Orleans . . .| 8,351 4,459
Galveston. . . .+ .| 3,017 2,002
MO, « o 0 o s o 1,208 139
Savannah. . « . . 1,832 2,794
Charleston. . o« + .f 533 857
Wilmington . + «+ . 530 | 302
Nortolk: . « « s o 1,518 | 510
A.l ] \ 915
Philadelphia . . . ... ....oc.oe] 285“_
Both). . . . . .1 300 I AROB
INTERIOR MOVEMENT.
s JOIB. 1 19%V.
HAGRNS: » v i 4 7,449 7,207
Augusta. . o« ¢ o 2,259 1,906
Memphis. ««¢ o</ 6818 6,931
St Touls. . ¢ o ¢ { 164 1,866
Cincinnatl . o« o o sfoeescnssces 321
Little Rock . .. .| 1,087 | 1383
SRR, oL oo LTS T 3DAIN
J. F. CLARK'S COTTON LETTER.
NEW ORLEANS, Dec. 12.—Crop opin.
jon in Liverpoo! has been above 12,000,-
000 right along, therefore ,the bureau
estimate called rather for a bullish im
pression. Moreover, Liverpool is yet
greatly deficient in supply for the great
expansion of commercial enterprise and
needs now before the British Emplire
with the safety of the seas and trade
and her increased domains.
After maturer reflections, bullish con
fidence on the basis of yesterday's re
port is fully restored. It means a total
of only about 11,250,000 to 11,500,000 in
commercial bales, without linters. The
percentage of low grades and untender
able cotton has been greatly increased
in the past two months by bad weather.
The world's needs are rrobably great
est and most nrrnt during the next six
months, sugegsting the probability of a
very active period of demand and dis
tribution of raw material with the start.
ing of the new year,
Q‘h» local market opened § to 10 points
higher, eased sligtly on sellinr in view
of a bearish census consumption report
on the 14th, but seemed to meet with
a good demand on all reactions, which
soon turned the trend upward and prices
showed a gain of 40 points at the close
of the first hour
New York wires were more encourag
ing. A report to us sald: ‘“Market
shows resistance with good class of buy
ing, pressure largely local, considerable
wanted on reactions.”
CHICAGO CASH GRAIN,
CHICAGO, Dee, 12.—Cash: Corn—No
2 mixed, 1.60; No. 3 white, 1.40; No. 4
white, 1.3641.38; No. 3yellow, 1.48; No
4 yellow, 1.38@1.42; No. 4 mixed, 1.37®
11". No. 5 mixed, 1.33@1.37; No. 5 white,
1.2361.38; No. b yellow, 1.36@1.38; No, 6
mixed, 1.31@1.36; No. 6 white, 1.31@
1.395; No. 6 yellow, 1.33@1.40,
Oats—No. 3 mixed, 70 1-2; No, 3 white,
74 1-4@75; No. 4 white, T 3 1-2@74 1-2;
standard, 74 1-200751-2
MONEY AND EXCHANGE,
NEW YORK, December 12.--Call on
the floor of the New York Stock Echange
today ruled at 6 per cent; high 6 per
cent; low 4% per cent, Time money was
quiet; 60 days 'l’" cent ;90 days 6 per
cent; 4 months 6 per cent; 5 months §
or cent; 6 months per cent. The mar
{:m for prime mercantile paper was
steady Call money in London today
was 8 per cent Sterling exchange was
steady, with business in bankers' bills
at $4.75.66 for demand; $4.73'% for 60-
day bills and $4.71% for 80-day bills,
BT. LOUIS CASH GRAIN,
SBT. LOUIS, Dec, 12.—Corn No. 4
mixed 1.4061.42; No. 3 yellow 1.62@
1.54; No. 4 whits 140
: No. 3 white 76@77, standard 71
YAST TRADE IN SIGHT,
THOUGH U. S. CURTAILS
By THE ALEXANDER HAMILTON
INSTITUTE.
‘What has produced the recent high
level of prices and abnormal volume
of business?
The answer g 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
war s over it seems doubtful 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
disbursement we have a dependable
barometer of decreased purchasing
power during the next twelve months.
The aggregate of business transac
tiogs 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 will tend to
support the producers of clothing and
food and the transportation interests.
It must not be thought that com
merce will be cut in half. A tremen
dous volume of trade will continue.
Even during business depresslons
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
Market closed weak.
Total stock sales, 392,700 shares.
Total bond sales, $10,819.000.
SBTOCKS— - hiLow| Sale/Close
Allls-Chalmer , .| 30%/ 30 30 30
G 0 DO 'y o ¢ of iocn] soni] seee] B 3
American Zine .. .| ....| ... ...0| 138
Amn. Beet Sugar . n! 62 63% | 63%
American Can . .| 46 dln 46 46%
Amn. Car Fdr{. .| 88% |B7 87%| 90
Amn. Cotton Ofl . .| 41%| 41%| 41%| 40
Amn. Loco. .- ...| 64 64 64 64%
Amn. Smelting . .| 84%| 84 84% | 854
o Pl T v J siiid s sV
Amn. Steel Fdrs, ..[ 92 92 92 90%
Amn. Sugar Ref. . .[111%[111%[111% (112
American Woolen ..| 68 57%| 68 68
Amn, Linseed . . 44% 43%, 44% ) 43%
At. G. and W. L ..[111%111% 111%i111%
Amn. H. and L. . . H’K; 145 145 ..
| B pret. . .. 75221 74.& 14'& 6%
Amn. Malt Corp. .| 8% 3 3 3y
oel . . 8B 46% |4B 43%
Amn. Tobacco . .[l9B |197 (197 1987
Amn. Sum. Tob. .| 97%| 96% 96% 9:5%
American Ice . . .| 4285 428 42% 42%
Amn, Writ. Paper isesbnanil vasit 2N
Alaska Gold . . . 2% 2% 2% 4y
Anaconda . . . .| 663 66%| 65%| 60%
Atchison . . . ...|] 94%] 93 93 941
do pref. . . o+ o] cvei] esee] vere 8%
AL Const 2408 + o] siv:l ixisf 285000
Baldwin Loco. . + .| 17 6% 16%| 76%
Bal. and Ohlo . . .| 55% | 656% | 54%| 66%
86 Poo\ s o o tnes] invil 11131 OO
Booth Fisheries . . | 23%/] 23% 23y 28%
Beth. Steel Pref. . .[lO6 (106 1106 s
Beth., Steel B . .| 67%| 66%/| 67%| 67%
Brook. R. T. . .| 36%] 363/ 36%/ 36%
Butte Superior . . .| ... coee ’ 20%
|Cal. Petroleum . o f sooef cove] oo 83
do pref. . . o ..oo] oanil ....‘69%
Can. Pacific ... .|160% /15693 (169 1604
Ches, and Ohio . ..| 67%_ 57%/| 57%! 57%
G and N. W. . . 99%T 99T 90&| 09%
Col. ¥ and I . ,140%i &0 40141 40
C., M. and St. P. .| 46%] 45%| 46| @
do pref. . . |l9%i TB% TR MY
Chino Copper . . .| 38%| 38% 388 384
Consel. 088 . s of 23l =2 ; 1101%
Corn Products . .| 47%] 47 7% 47
Crucible Steel . .| 58% 68 581% |69
Cuban Cane Sugar .| 31 31 3N 8
1 do pref. ..««f 81 81 81 |Bl
Cast Iron Pipe . .§ .... ....)‘.._‘15%
Central Leather ..| 63 82%‘ 621 63
Chile Copper ... .| 20 19% lfli‘ 19%
Chandler MOtOF «o | seasf sove) +---[109%
Columbia Gas . . . sees] aevef oo 9%
Del. and Hudson .of ....f +..- asili 0
Dist. Securities . .| 49%| 49%] 408 498
WS . i s w v NN NS 18% ) 19%
do pref. Ist . . g 5 54l ’ ....;.’(H‘
General Electric . .[162 [152 1163 [152
General Motors . . [127 [l:7 (127 [127%
do pref. . . . o) i.on) .. | ....] 81%
Goodrich Rubber . .| 86%| 56%| “%l’ 66%
Gt. Nor. pref. . .| 7% 97 | 97 | 1131
Gt. Nor. Ore . . ; 31| 31%| 3% 1%
Great Western . .| 8% 84| 8] 8%
do pref. . . .| 37%|.27%| 21%i :
Yoot WA o+ » s [ rooe] oooe 32
Greene-Cananea . } ssae] 220+ ‘4B
111. Central . . .} M%, 98 | 9 9y
Inspir. Copper . . M&; 48 48 4814
ind. Alcohol . .../102 ilOl 102% 1031
Int. Nickel ..... . 33 II& 33 32
Int. Agri. Corp. . §7%| 57| 67%!| B 8
Int. Paper . ...[ 32 32 32 3.%‘
Qo pref. .oo of sceel sanabhaies
Ean. &ty Bou .| 21 20%) 21 20%
cendtelrat o ol aa) san| sl o 4
elly- sas o
oliy-spafid. ... -| 443 4RI SO/ 3y
LOCAL PRODUCE PRICES
' Compiled by Atlanta Market News of
u«ua-u.n.mamm.r.l.
| Bottenfield neting in churge.
| Pollowing quotations represent prices at
Iwmch the bulk of good stock of frult and
'prcdum was selling Thursday, with prices
| on the basis of goods In the original pack
age sold by wholesale dealers to retallers
(some fanecy stock bringing higher prices,
lsm! produce In poor condition solling
lower):
WIITE POTATOES -Minnesota and
Wisconsin Round Whites, sacked, per ewt.,
$2.75@13.00.
APPLESParreIs, Virginia Yorks, No. 1,
$6.00;, Wost Virginia Yorks, A grade 24.
ineh, $7.0087.60; New Yorkw Daldwins,
B grade, 2%-inch., $7.00 Hnrgund Wine«
| maps, A Nrade, 2%-inch, $8.50; B grade,
| 2% +inch,, $6.00
Hoxes: Washington White Permains,
XF, $3.25; Romes, XV, $3.00; Winesaps,
fancy and XF, $3.0003.25; Yellow New
tons X¥, §5.25,
ONIONB-—Northern Red and Yellow
Globes, 100-Ib, sacks, $2.50@2.76; White
Globes, $3.60,
CABBAGE-~New York Danish, orated,
$3.00 per cwt,
BWEET PO‘l‘A‘l'OHl——Ooorxu Porto
Ricans, sacked per cwt, $3.50@3.00.
CPHLERY-~New York orates, § to 7 dos,
in the rou’gh. #00; vunched, $8.60,
ORANGES-—~ ondn‘ desirable sinen,
" 50’4 75; emal, 32.46 per box.
GRAPEFRUIT-~Florida, desirable nises,
$2 26160 g;-r box; »mall, $3.00
TANGERINES—FIoridn, fancy wrapped,
Oit Caittornia, §1
JEMO nltfornia, 0 bo:
R e, smene,
el nnadian, enel
cwt., §2 H?l b 0 o
LETTUCE - Loutsiana, barrels, § dozen
henads, ms‘ Hoston, 17.i0.1.“.
BUNCHED VEGETABLES - Loulsiana
beets, f6c. per dozen bunches; earrots,
L 76e per dozen bunches; onions, 400 per
dozen bunches.
BQUASH~—OhIe Hubbards, So per Ib
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 maintaiining credit and
stabilizing employment during the
period of political readjustment in
Europe 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 1921 and 19227 Will the Amer
fcan people favor Government control
and operation of the rallroads, ex
press companies and wire communi
cation?
It is difficult to ilnterpret 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 Yyears.
When prices decline, the farmers in
the Mississippi Valley who formerly
favored Government ownership will
find that the recent increase in freight
rates hurts them in competing with
foreign grain in the European market.
Lower Freight Rates Seen.
They probably will be in favor of
lower freight rates, even if this in
volves a reduction of railway wages.
It seems very probable 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.
l‘fl‘ b
STOCKS— l;l Low |Sale |Close
. e . . . R Y Ts%| 16%
Lehigh Valley . . “2 B 9 | 59%| 6%
Loose-Wiles . . ~ .| 42 42%| 2% 2%
L. and N. . . . .[121%(120%4(120%( ....
Maxwell Motors . .| 208 29 291, 29
do. Ist pref. . 52% 62 625 52&
do. 2d pref. . .| 21 21 21%| 21
Mo. Pacific (new).| 27% 27 27 2T
Mex. Petroleum. .[167% 164% 165%/1656%
Marias. . . .. 19 2744 | 27% 26&
do. pref. . . .[116%[113% (114 (113
Miami Copper . . .| 25 26 264 26%
Midvale Steel . . .| 46 453 4514 45%
National Conduit .| 17%| 17 17 17%
National Enamel .| 48% ] 47%) 47%| 48%
B 08 WL o soviliviof sail BY
N. X¥. Central . . . 7!& 71& 77%| 8%
N. Y, NH & H.] 3 34 | 34% | 35%
National Lead . .| 68%| 6813 ' 683 684
B ashW, . . . 197 1101 naer ey
Northern Pacific .| 986% '95 95| %%
N Tt R W, Jiiisl sl ssinl BB
' Nev. Con. Co(gpor J 19%1 19 19% | 19034
Ohio Cities Gas, .| 43%| 43%/| 43% | 43%
Pitts,-W. Va. Coal.| 37% ) 36%| 37% 36%
Pacific Mall . . .| 340 343%| 34%| 33%
Pere Marquette . .} ....} ¢oof 0220 2T
Pennsylvania . . .| 46%| 46%/| 46% | 46%
People’'s Gas . . .| b4%] b 4 b 4 66
P. Bteel Car . , .| 66 66 66 66
Pan-American . . .| 66%] 66%] 66%) ....
:Pnubula Coal . .| 47%| 47%| 47%| 7%
‘Plerce O . . . .| 16%| 16%| 16%/| ....
Pullman Company sidsh 2sesk iR
Ray Consolidated .| 223% 22% 22% fl%
Reading . . . . .| 84%| 84 lda 84
R. I. and Steel ..| 76% | 76%| 75 7
Rock Island . . .| 27%| 27% | 27% | 27%
do. pref. A . .| 844 IS&Y 83351 844
Ry. Steel Springs .! 77%!| 76%/| 77 ki
Sloss-Sheffield . .| 50%} 50 50% 49%
Southern Pacific ./1028/101%/102%5/102%
Southern Railway .i 31 | 30% | 30% 1%
do. praf. . . .| 69% ! 69Y| 69| 60%
Studebaker . . . .| 621/ 61%| 52%| 51%
St. L. and 8. Fran..! 16%) 164] wh} 16%
Sinclair Oil . 1 34 | 33%] 33%] 34
Tob. Products ~.| 83%| 83 i£3 13
Tenn. Copper . . ' viisl vl vl BOD
Third Avenue . , .| ... dssrbisiint B 9
Texas Ol . . . . .|l9O |IBB% 18934 180%
TORRE Paotl® oo of cieof sso:] sasel ¥
United Fruit . . .|/163 [162%|1563
Union Paeific ~ .[130%% 1206 129%(130%
U. 8. Rubber . . .| 76 5%, 75%) 76
U. 8. Steel . . . .| 98%| 971/ 67%4| 98%
do, pref. . . .[113%/112%/112% (113
U. Cigar Stores . . 1061 /105% (106 %|106%
Utah Copper . . . 79%! 79 | 79%| 79%
Va.-C. Chemical . .| 56 | 68 | 55 | 643
Wabash A ooml eml 9%yl 9%
do. pref. A 380! 38| 38g! 388
Western Union . .| SB% |BB | SB%| 881
Willys-Overland . .| 263 26 | 26 254
as. pret. . . { | &2
Woolworth v el ! 2
Westinghouse . . .! 433 43 | 433 44
White Motors vidl | 46
Wilson Packing Co foaial 00l 158
BONDS, i
U. B. Lib. 3?. . .!197.80197.60/97.80(97. .50
do, Ist ds . .!93.40(93.40/93.40/93. 50
do. 24 4s . .193.20193.20/93.20(93.20
do. 4%s . . . 96.12/95.94(96.08/95 60
do. lut 4%m ~ .[97.14/97.10(97.14/97.08
do. 24 4%e . |95 .96/06 R 405 9695 08
do. 4th 4%ns. .95 88/86.50/95.8096 00
Anglo-Prench 8a .| ....| ....[ ....| 9%
xEx-Aivi per cent; preferred ex-
Adividend, 1% per cent,
WEATHER FORECAST.
Following s the weather forecast for
the cotton belt for the next 24 hours:
Louisiana and Arkansas-Cloudy and
probably rain; warmer,
Okinhom o Rain, warmer. Friday rain
colder.
East Texas Probably rain; warmer;
Friday, rain, colder in orth,
West Texas—Cloudy; colder northwest;
n:: or snow in nodth; Friday fair and
colder,
North “arelina-—<loudy; probably rain
and warmer tonight
South Carolan and Georgia—Cloudy;
prnhnhl'r rain.
Fiorida-—~Falr, exoept probably ratn In
northwest.
Alabama—Raln,
Mississipp)- Rain, warmer in southeast
ATLANTA PFROVISION MARKET,
Corrected by the White Provisien Com
puny, United States Food Administra- ‘
tien License G-21371,
Cornfield hams, 10-12 average..... 0%
Cornfield hams, 13-14 average,..... .38%
Cornfield skinned hams, 1619 av.. .39
Cornfield pienie hamas, 6-8 average. . .28
Cornfield breakfast bac0m......... .51
Cornfield sliced bacon, 1«/ b. boxes,
25 00 OBBD icissrinsnssnsrssenss M 0
Grocers' bacon, wida or narrow. ... .40
Cornfinld pork sausage, fresh link |
or bulk ...... ’ .gl |
Cornfiald wisners, In 10-Ib. cartons. .23
Cornfield wieners, in 12-Ib. kits, in
PHRIO .icrusasonnssnansessapses SIS
Cornfield bologna sausage, in 36-Ib.
hoxes . gssaststossss B 9
Cornfield smoked link sausage, In
25-Ih. Boxes .. .. sirsiaesnnne 18%
Cornfield lard, tlerce basis ........ 204
DABID ~csvceiniiis I e
Country style lard, tierce hasia, . ... 304
Compound lard, tlerce basin . ..., 2§
Grandmother's pure leaf lard, tierce
B 3 il madign avirs. 2 R
. m visse o
D 8 bellies, 1m5":nu......- h
NEW YORK, Dec, 12.—Although there
were some recessions in the Initial trad-
Ing the stock market quickly developed
a strong tone with a movement to higher
levels.
The steel stocks were under pressure
for a few minutes when Steel common
declined % to 97 518 but was steadily
taken and had a quick rally to 98. Rail
road stocks moved In the same way,
Union Pacific falling l&a‘ to 129 3-4, frim
which It rallled at 130 318,
The minor steel Industrials also ral
lled after fractional losses In the ini
tial trading.
Southern Pacific dropped 1 point to
101 3-4, with a rally to 102%. Marine
preferred was the strongeut feature, and
after 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,
in the railroad stocks at the start, but
these issues were well taken, Union Pa
| eifie only dropplna to 129 5-8. Brook
llyn 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 756 5-8.
The coper stocks were ahout 1 point
lower. Marine preferred was a strong
exception, moving up 2 points to 116 7-8.
Mexigan Petroleumn rallled nearly 3
points to 167 5-8.
The market was heavy during the
early afternoon, United States Steel
dropping to 97!?. Marine preferred react
‘'ed 13-8 to 114%. Southern Pacific
. dropped 1 point to 102, and Union Pacific
' fell over 1 point to 129%. Baldwin and
j Bethlehem were steady, the former mov
| ing up 1 point from the low to 7614, while
| the latter advanced % to 67%.
Steel common reacted to 97 near the
close; Baldwin to 75 5-8 and Bethlehem
Steel B to 67; Marine preferred closed
at 114; Southern Pacific 102 1.2 and
Readlng 84 1-8. Mexican Petroleum
dropped sharply and was finally 16 1-2,
;vshlée Brooklyn Rapid Transit closed at
-4.
American Smelting was finally 87 1-2;
Anaconda 67 5-8; American Linseed 45
and Studebaker 51 7-8. '
l The market closed weak; Government
bonds unchanged; railway and other
| bonds steady.
e
FINANCIAL BUREAU ON STOCKS,
NEW YORK, Deec. 12.—Buying orders
are increasing under the general stock
market, according to reports received from
several well-posted brokerage and special
ist sources. There has been a tendency
during the last few days to impatiently
watch the creeping upward moves in va
rious departments, and It is considered
likely among professional operators that
meactions may be small in consequence,
barfing unexpected news.
Good buying is reported in Westinghouse
and General Electric stocks. There seems
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 als
most nothing.
FINANCIAL NOTES,
New York Coffee and Sugar Exchanges
to reopen December 26 for trading In
months of May and thereafter at limited
daily fluctuations of 150 points.
S
Copper men to discuss In Washington
prices after January 1 of the export busi
ness. It 18 belleved in Washington that
the Government will relinquish control of
all commodities except tin, abolishing
maximum prices January 1,
. v %
Aetna Explosive security holders agree
to plan for ending of receivership.
o - -
Director General McAdoo urges Congress
to extend Federal control of railroads until
January 1, 1924, Improvement program
provides for expenditure of $400,000,000
a year. He believes extension will benefit
publiec and roads alike. The Presideut ap
proves the plan.
. |
New steel prices agree upon average
about $4 a ton lower than existing maxi
mum. ‘
. e+ 0 |
New York Stock Exchange bnb{' 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 through flotation here of large
amounts of foreign securities. \
- - . ‘
The average prioe of twenty Industrials
84.27, decrease .23; twenty active ralls
87.90, decrease .35. ‘
w 9 9 ‘
Thomson, McKinnon & Co. say: “Ree.
ferring to several conflicting messages in
relation to steel upon Inquiry we are in
formed that after the agreement to reduce
price of steel $4 per ton by the steel man
ufacturers, Washington announced that
control of the Industry was to end In
three weeka. Therefare, the revised list
of prices was not submitted to the war!
industries board and until there has been
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.*
. - -
F. M. Dick, of E. F. Hutton & Co., says:
“Shorts are pretty well covered in the
‘.v.mk market, and it s waiting for some
thing new, As usual when it Is up every
one hecomes bullish.”
|. & 9
- Officials of the price-fixing committee
of the war industries bhoard indiecated that
in all probability price-fixing and super
vision of copper by the Government will
end January 1 l
\ . - .
Stecl ignot production for October, ae
cording to statistics compiled by American
Iron and BSteel Institute, was 3 080,154
tons. This is & marked decline from pre
vious month's figures.
\ ..
~ Denatured aloohol has been reduced by
manufacturers to 66 oents a gallon, car
londs, and 67 to 48 cents In spnnller quane
titles.
9 % »
‘ Official statement by Secretary Redfield,
of Department of Commerce, that Belgium,
France and England are about to call upon
the I'nited States to supply bullding ma
terial and equipment for at least 1,000 000
houses had Influence on stocks of com
panies manufacturing bullding material
and those engaged In construction busi
ness All indieations point to big bullding
in the United Btates.
g 9 9
Dow, Jones & Co., wires: "Tullng that
ne public announcement must he made
in advance in regard to stocks to buy
or sell ‘at the close’ means that stock
exchange will not permit traders to an
nounee in the erowd that there Is a block
of stoek to be bhought or sold during final
minutes of trading Rrokers say 1t has
frequently occurred that a trader will on
ter certaln crowds during last minute of
trading and announce he has such and
#uch an amount of stock to huy or sell
‘nt the close’ which frequently has an
fimmediate effect an guotations Ruling
regarding stop loss orders means that
hereafter specialists’ books be closed to
operators on floor "
24 @
The Atlantie Coast ("o, has declared a
quarterly dividend of 234 per cent, pay
able December 31, and stock of record
Deoember 18 ‘
e ¢.9
Ameriean Agricultural Chemieal Co. has
decinred the regulnr guarterly dividend of
2 per cont on the common and 1% on
the preferred, payable January 156, to
stock of record December 23
¢ & 9
Magna opper Co. has Aeclared the reg l
ular quarterly dividend of 650 cents a
whare, same as threa months ago, payabel
Janmuary 6 as to stock of record Decembeor
” a 5 9
Puehle, Col., wires: “Normal operations
wore resumed at the Colorado Fuel and
Tron Bteal plant this morning. The strike
of tha employees of the Coloradn and Wy
oming Rallroad has been settied and un
agreement reached on & contMact with
the company.”
METAL MARKET,
NEW YORK, Dec. 12-]ead eany
Fast Bt. Louis spot offered §.30; Decem
ber offered 8 1-B@B 1-4; January, 7.96@
5.06; February offered 8, march offered
50
AGRICULTURE FOREMOST PEACE
INDUSTRY; FARMERS THRIVING
Few le appreciate fully the present position of agriculture in the
world’s epcz(:l%mlc affairs. Agriculture is still the greatest industry in
Georgia—or the world.
Likewise, it is the first and foremost peace pursuits.
It is the one industry for which there is definite promise of M
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, so B
provides most of the shelter. So when there {8 not enough money to
around, we spend what there IS for agricultural products and curtail on
other things. "
“When there is not labor enough to go around, we produce farm prod
ucts and neglect other industries. B s
“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 perfod it
showed remarkable stability, although
at that time 839 people of every 1,000
lived on farms or in rural districts.
At present only 672 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 agriculture
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 readjustment
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 8,000 or overr 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.
Every 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 been able to feed the rapidly
expanding cities.
The end of this war finds the farm
er in the strongest position he has
ever enjoyed on this continent.
CHICAGC LIVE STOCK.
(nyv.&mulufiafi.mlfli
Hogs: Estimated recelpts, 18,000, Ma
ket strong. Top, 17.90; butcher hogs,
heavy, 17.80@17.90; packing hogs, heav
16.85@17.65; medium and mixed, 17,16§
17.60; lght, 17.10@17.76; pigs, 14.36
15.76; roughs, 16.00@16.85.
Cattle: Estimated receipts, 13,000, Mar
ket strong. Beef cattle, good cholce, 1500
@19.10; medium and commeon, 14.26@16.00;
butcher stock, heifers, 6.50@13.50; cows,
’ 6.50@13.00; canners and cutters, usq“o;
stockers and feeders, good choice, 75?
' 13.26; common and medium, 7.26@9.756;
venl calves, good chalce, 8 50@17 00.
Sheop: Estimated receipts, 37,000, Mar
ket lower. Shorn lambs, choice and prime
15.25@15.40; medium and good, 14000
' 15.25; spring lambs, good choice, 1!.!53
14.26; feeder lambs, food cholce, 12.50
13.00; ewes, cholce prime, 9.26@9.65; me
dium and good, 8.00@9.26.
| T —————
} JACKSONVILLE LIVE STOCK.
~ Hogs: Receipts heavy: ts weak;
extra cholce hcav_, u.u‘u.!o; ordina;
cholee heavy, 13.76@14.00; vough, 13.50@
13.76; lights, 12.60@13.00; heavy pigs,
12.00@12.60; Nght pigs, 10.235@10.50. |
Cattle: Receipts medium; prospects
steady. Steers, 5.76@11.00; bdulls 5.263
6.50; yearlings, 5.00@5.76; cows, 5.25@
6.60; heifers, 5.50@6.60; veal calves, 6.50
i#9.50; canners, 4.50 up.-—Willlamson &
Dennis, December 11, J
MONTGOMERY LIVE STOCK, 1
UNION SBTOCK YARDS, MONTGOM- '
ERY, ALA., Deec. 12.—Cattle, unchanged.
Hutcher steers, 7.00@12.00; feeding steers,
R 00¢p10.60; butcher cows and heifers, 6.00
@9 00; eanners and cutters, 5.00@6.00;
bulls, 0\,0081.50.
Hogs: Steady; ul?u.oo; 1.30 ato
12.60; plgs, 12.00@12.60; roughs, &
ST. LOUIS LIVE STOCK MARKET,
BT. LOUIS, Deec. 13.-Oattle: R-Mgtl.
5,000, Market 10 to 16 rolnu higher. Na
tive beef steers, 11‘50? 8.50; onullu beef
stoers and heifers, 950@16.00; cows, 7.7§
@12.50; stockers and feeders, 8.60@12.00;
calves, 7.76@ 12.60; falr to prime yuruns
beef steers, 1000@18.00; beef cows an
heifers, 7.604 15 00; Southern prime yeari
ing steers and heifers, 6 !()IQI 00
Hogs Receipts, 24,000 iarket steady.
Mixed and butchers, 17 :'BQ"N‘:' 656; good,
17.60@17.60; rough 152600 16.40; lights,
17.26@ 17.40, pigs, 13.00@16.00; bulk, 17.26
p 17.65
“fl'h.-.;- Receipts, 2,500 Market steady.
Ewes, E00@%00; canners and chappers,
5.00@9.00; fiunn.-. 15.00 @ 15.50,
NEW YORK CURB MARKET,
The curb market opened steady and
closed heavy
Opening ‘losing.
Aotna Expls . 8 & 8% ™ 8
An=Am. Oil 1"% @ 18 IT% @ 18
Choevrolet 46 @166 142 @l6O
Con. Copper, ... 8% 6% %@ 6%
Cosden 01l , , OR@® 7% e 17
Custiss A'pl. ~ 11 @ 13 11 @ 13
Houston Ol . , 74 & 7T "M @
Ing. Pipe . . .9 9 9 @IOO
Inter. Pete IB@ 16% 164 @ 16%
Lehi. Val. Coal 83 @ 91 87 @ 0
Mogda . ~ . L 20 @ 30 8w 29%
Marcont , ~ ~ . 450 4% AN 4%
Midwest Ol 118 120 18 @l2O
N. Am. Pulp . 1480 2% N 2%
Ohle O . 313 @1 313 @317
Ok. Prod.| . .. %@ % Y@ %
Prairie Ol ~.660 @570 560 S}mn
Bub. Boat \wz 12 K@ 11%
Bt. O, N. Y. ..287 @9O 287 pm |
Bt. Oil, N. J. ..080 @bß6 680 hk4
Bt Ol Cal ..230 @233 230 p 233
Bt 011, Ind, ...650 @095 685 (696
Union Tank ...108 @ l';z“ lgfl‘ 1(}‘1"i
United Mot. .., 4% @ 3 3
Vi "o ; sovins B 2% 2:2 2%
WeMartis .....s; 4 e 4 4%
Midw, Rfg. ...121 123 121 123
IR e
GURL L 1 v
ATLANTA MARKETS
(Corrected by Cone M. Maddox.)
Administration, License Number G-06583,
Apples. ;
Sun Dried, 50-pound Sacks ........ 3%
Baking Pewders, ]
Buoonan, €B, 08 .. .., .iicevasinniniy l-a
Rumford’s 1 pound ...cssscsvumes N
Rumford's, % pound ....ececees 395
Dran o
Pillsbury’s Medicinal Health Bran 1.38°
Beans.
California Limas, 100-pound bags .. .=l
Canned, 24%5, Btring .....ccocceee
Catsup. o
Bull Head, 38 B<oß .¢:iccosnssnne '-a
Royal, 36, 6-ounce ......ccecceceee &30
La Creme, 24, B-OUDCe ....ooeevenee 308’
Cereals,
Post Toasties. 36 packages ........ 420
Kellogg's Corn Flakes, 36 packages 4.30
National Corn Flakes, 36 packages. . t y
Krinkle Corn Flakes, 38 packages
Grape Nuts, 2 dozen packages .. 2.85
Shredded Wheat Biscuit, 36 packages 3.30
Pillsbury's Vitos, 1 dozen pgks... l."_
Cocoanut, g
Baker's, eanned, 10 oz., 2 d0z..... 248
Imported, Shred. 130 Ib. cs. bulk .30
Domestic, Shred. barrels, bulk.... .37
Ceffee.
Arbuckle’'s, 100-Ib. CASES ~..ceces.3o.Tß
Arbuckle's, 36-Ib. CASES .........30.96
Arbuckle's nreakfagz,“z4 1-Ib. pkfl. 24%
Arbuckle's Java and Mocha, 24 1-llb s
PRER cicssvoosiesinsénsosasanesy NN
Blue Ribbon, 1-Ib. CANS ..cceeeccves 30
Luzianne, 30 1-Ib. DKES: .eeeccesss
Partection, 1-Ibh. DRES iccisciivns
Royal, kO-ib. bugs. whole u&r:d 3
8. P., Roasted Rio. 100-Ib, - o 6
Compound.
Lard Compound, 60-ip. tub® ...ee. ':“
Bnowdrift Lard, 6+BB ....cceooceve.lß.
Bnowdrift Lard, 12-48 ...eceees.l3.so
Corn.
No. 3 Standard, 24 CANS ..ceveeese &00
Sweet Marto, it Rig 24--Ib.
& arie, Eel ng,
Blaclu I!M'“lb.lw
weet Marle, se rising, -
BRORE .o.oqasrsssssaiviensnnibnss T
E-Z Bake, Plain Patent, 24-Ib.
BROIED vsov. sussospiiniisiiiiasii s
E-Z Bake. Pla'm Patent, 48-lb.
BOBME coosoein ssvssinesrsnunessnii
Pillsbury's Best, 24-Ib. sacks ....“.”
Otility, 14010 wOOO ...vo ssrnas sl
Pure White Corn Fflour, 100-Ib.
SRORE . cossnisioanentsshrbavirin l”
{ Whole Wheat Flcur, 98-Ib. sacks.ll.
| Pure Graham Flour, 98-Ib. sacks.ll.o6
| White Rye Flour, 98-Ib, sacks....ll.
Dark Rye Flour, 98-Ib. sacks ...... 8.
Barley Flour, 98-Ib. sacks ...... 8.
Pumpernickle, 98-Ib, 88CKS ..eceeees 9.56
Grits,
100-Ib. bags, MeAIUM .....conseee KOO
| Package Grits, 24, packages ...... 3.78
| voo. Frut Jars,
| Half gallons, per Eross ......5e..11.80
| QUAPLS, DOF EToES ....ocsessncistaps DN
| Pints; DOr FPOBE ..occoeirsvscosase I
Coaps, PAr ErOBB ...scosncesssviss NN
RIREE DOF SVOI .o.ivsivensavite B
Hominy,
Hougland's, 24 245 ...cccemeeees 3240
Krauat,
Houglan®'s, 34 248 .....cosccames 3.30
Macaroni,
Red, White and Blue, § and 100.... |:3
Bulk, 20-Ib. DOXES ....cccoocecsons
Bulk, DAITOIS +vccovrrsommosncanes
Min.
Camation, 96 6-ox. CaANS . ..cceeees
Oarnation, 48 16-0%. OANS ...cccee T-
Dime Brand, 48 11-0%. CANS ...ceee. 8.
Bagle Brand, 48 156-OZ. CANS ceeeee 5.20
| Mince Meat,
| Atmore’s 1-10. Bricks .....cssssonne
Atmore’s Condensed, 25-Ib, kits .... .18
‘ Molasses,
| C-0, Louistana Molasses, bbla....
Black Strap, in Darrels .......s6ooe &
No. 12, New Orleans Molas#es .... .
Aunt Dinah, 48 1%-Ib. cans ...... 430
! Mustarad. ¢
B 4 T JOID .. iibvesichrainit :z
liDLY'n, 34 808 ...:sscvocoonseom e
Oatmeal.
Purity, 18 round x())a“ckm —— &fl
| Unfon Cooking Ofl, ATUMS ..eeeees
Woanon, 34 DIDES ...socsnnssmmunin N 3
| Wesson, § laPEO .....covevevecsnsss I
Wesson, 8 1 gallons ..eeecveces.l6.7
Wesson, 2 § gallons .....eeceeees.l9.6o
Okra. 3
|24 No. 2s, Dwarf, canned ...... 338
| Penches, §
| No., 2% Georgia Pie Peaches ...... 3.58
No. 2 Georgia Table Peaches ...... 3.80
! eanut Butter,
24 8-02. jars, KellogE'S .icecene ““
' Peas.
No. 3, extra sifted, 3 dO%. .. vsoseoßes &
No. 1 Bleve, 24 2's, N. Y. State.... &
No. 2 Steve, 24 2's, N. Y. State .... &
California Blackeyes, T74-lb. bags..
Peel. &3
Candied Otron Peel. 20-h. boxes.. ‘
Pepper, 3
Durkee's, Black Ground, § or 100 i
Bee Brand, 10¢ black, ground ..
Black Ground, 15-Ib. palls ....ceee
Perk and Beaos,
Van Onmp/'s, 48 lI'S .. ...oovennees Bl
Sugar,
Btandard Mne Granulated Puse
Cane, in bbls. or 100-ib, sacks .. 9.00
Nage.
Rubbed, S«lh. DORES ....ocnconsene
(laaf, G=lb. DORES ....ccocscbisisn
Bulk, whole, In barrels ....cceceese
Postum,
1 Dozen large, regulal ~.eceeees 588
2 dosen amall, TeBUIAY ..eseceese ..":
Assorted, regular ssssesssesnes Shl
1 dozen large, INstant ....eceeee ::
2 dozen mmall, Instant ..ceececes E
Assorted, instant verernessenees VDN
@ Potted Meat, a
Libby's, 's Cirrssatssssmene
Kingan's, 48 't‘- PPOSE Ty s l-g
Salad Dressing.
Dvrkee’'s Plenio, 348 csvsionssnse :--
Durkee's Modium, 248 ...ecevees .a
Libby's; 84, MOPUIA? ....isosnsaess BN
Salt.
Ozone, 28 2.1 h. PACKAROS . ssssnses
Chippewah, 100-15. DAES ..ececcess b
Baker's Balt in harreis ....ceeces
Sardines,
% ON Keyviess, 100 OONS . cesenans '.’:
X Mustard, Key b 100'8 soveeess BB
¥ Ol Carton, Keys, 100'8 .veveees 5.T8
Soap.
Clean Ensy, 80 Dars ......ceossese BB
Fel's Naphtha, 100 DArs ......ceos 6,00
Grandma's Washing Fowders ...... 3.08
N(NID.
Campbell's Tomato vesscecance BB
Spinach,
Libhy's, 24 2%'s csssanse AN
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