Newspaper Page Text
Mfl’ffi_?fi?@g B__qoms 200 Points Then Takes Extreme Drob as Trade Attempts to Even Up; List Reacts From Record Prices
SHORTS CLAMOR FOR MARCH;
- BULLS ARE FIRMLY SEATED
% £ R
By VICTOR BARRON. l
Atlanta bank clearings Thursday ..... ... ... .. $7,835,792.92
R N . 8,04-8,740.261
I 212,047.34
Same day last weeks ..... .. ..... ... ... ..... 17,920734.56
- 3,777,797.48 i
. " »
Atlanta spot cotton Thursday..... ... ... ... e
SRR AN NS W . . 25.95¢
SR Ry S YeY ... . L e
U WRE o ee e
. 8" 1‘
Atlanta cotton statement T hursday:
1919, Last week. 1918. 1917.
Pk Revsipwa ... ....... B 8 476 1,660 190
Shipments ... ..... 618 466 1,623 128
S .. ... ... 0 24,404 54,259 72,9656
e ... ... *1,200 1,475
* - -
: The feature of the cotton market Thursday was the sensational fluctua
tions in old style March contracts on the New York exchange, the option
surging the full maximum permitted in any one day's trading, and crashed
the full minimum as swiftly as it soared. The violent !
L change was the direct result of aggressive bidding for |
a 3 the option by Liverpool shorts, and when longs finally 1
i 4 decided to let go shorts backed away, allowing the
E ¢ option a clear track. ‘
§ a m Liverpool was a heavy buyer of all old style options
e ®in an effort to reduce outstanding short commitment&'
Y ‘ . § They sold new contracts to some extent to offset pur
'M * <4B chases of old options ‘
8 e First prices on the New York exchange were 45
5 e oints higher to 5 points lower on old positions and 7 to
; i ' points higher on new. March started at 26.70, then
57§ ke a bolt from a clear sky it boomed to 28.25, or 2
> '3,»% ‘ants above Wednesday's close. This started other op
- 1;, ions upward, and before the end of the first thirty
L% S niinutes of trading other old positions exhibited a net
# 22in of 25 to 71 points, with July in the lead and reach-
WCT———— ;o 23.51. New contracts rose to a net gain of 35 to 59
points. All positions stood at new high levels for the movement, with
March at the top and standing 640 points above last Thursday’s 10w—21.85.
May (pnew) rose to 24.64 against last week's low of 21.75, and October
touched 22.40, or 3 cents above the bottom a week ago, when trading was
commencad under the new measure.
There were less sensational movements in the New Orleans market,
old contracts rising to a net gain of 45 to 58 points and new options 41 to
58 points, with March (old) reaching 27.20, May 25.13, July 23.75 and Octo
ber 21.20. May (new) advanced to 25.20, July 23.84 and October 21.78.
It is pointed out by the trade that old March can not be sold against
spots, so shorts are in a bad way in the current month. |
One of the principal reasons for the vigorous rise in March was the
stubborn attitude of longs, who stood pat. It is the belief of the trade that
fluetnations similar to those occurring in March will be witnessed in other
positions before they finally are liquidated. The Bureau of Markets has
- allowed the trade until the end of April to close out old contracts, and
after May 1 they can not be closed out except by the actual purchase or de
livery of the raw material.
—-—-——.m—————.—_.—_—_._.__._..___.‘
ATLANTA LIVE STOCK MARKET.
(U, 8. Food gdm([nigr';tllon License Ne.
o, G,-21371.)
(M&fi by W. . White, Jr., Pres. of
ite Provision Company.)
.?m to choice steers, £SO-1,000, $10.50
Good steers, 750-850, $9.5010.50. :
”hgc-dlum to good steers, 650-750, $9.00@
Medium to choice beef cows, 750-850,
$8.604 9.00. ‘
B'['P‘gedmm to good cows, £3O-750, $7.50@
Good to choice heifers, 550-650, $7.50
@8.50.
The above represents ruling prices for
5096 quality fed cattle. Inferior grades,
‘mry types and range cattle quoted bc-,
ow.
cgledlum to good steers, 700-500, SB.OO
.00,
s“)zhmum to good cows, 600-700, $7.00Q
AO,
Mixed common, $5.60@6.50.
Good fat oxen. $7.50@8.00,
Good butcher bulls, $7.004 8,50, ‘
Cheice veal ecalves, $7.0009.00.
Yenritngs, $5.00% 7.50
Frime hogs, 105-225, $13.50@14.5b,
Light hogps 126-185 sl2 5018 50,
Hegvy pigs, 100-120, $11.50§12.50. ‘
Light pigs, 80-100, $10.50@11.00 ‘
The above applies to good quality mig
ed fed hogs.
ATLANTA PROVISION MARKET,
{White Provision Company, United States
Food Administration License No.
: G-21371.)
Cornfield hams, 10-17 average ......34
Carnlield hams, 18-41 average ......34
Cornfleld skinned hams, 16-19 .. ..,.38
Cornfield plonic hams, 8-8 ~........38
Cornfield breakfast bacon ........... 47
Cornfield =sliced bacon, l-pound boxes
BRID ORBO oo sevennana BT
Grocer's baeon, wile or narrow ... 38
Cornfield pork sausage fresh Mnk or
B il iR
Cornfield wieners. in 10-pound car-
BIRE i s aniniashraiiecialil
(‘ornflfld wieners in 12-pound kits in
BN R ST e T
Cornfield Bologna sausage in 26~
TR e e L
Cornfield smoked link sausage in 25-
gmnd BB it criiingrisianianid
mother's pure leaf lard in tierce
Country style pure lard, tlerce basis.. 26%
At ettt
ATLANTA COTTON SEED PRODUCTS,
U 8 Piged
Descriptions— Prices.
Crude oil, basis prime . PR
Cotton se¢d meal, p. ¢ commen | $56.00
Cotton seed meal, 7p. o Goergin i
omman sate point .. ..., .00 b
Cotton :fi tgulf’n? 1008 ;oivoivivisy 1008
Cotton ulls, sacked ........nominal
Liunters, clean mill run ............3 467
B L L
How Fortunate It Was for Her
That Sshe Went to the One
Price Dental Office, Atlanta,
to Have Her Teeth Treatdd.
1 b \ Bob Ro of
1x i it she wan
: ¥ 1 Lo
' {epy W brid tha Hit
Pt for r } it fourteen monti
age 0 K Ha iven periegt t
#Rction JroMm the first Aceording to
the way wotl charged for at othey
pinces, you saved me about 330" The
One-Pric Dental Oflic hag beécoma
qiite a gdthering place for the peo
pls of tieorgia whose teeth need treat
ment, and they always get what they
moet want Atisfactor work and
reasonahbie money-saving prices I
vour teeth need atlention, you should
, Visit the One Price Dental Offies and
have them treated by one of the ex
perienced dentists there, Call any
tme, kKxamination free Adv,
During the second hour a wave ofl
heavy profit taking appeared, wlth‘
the result that practically the end
gain was wiped out, May, new, re
ceding to 24.12, while July broke to
23.15, or 20 points net lower, and Oc
{toher declined to 21.90. Old, May, re
acted to early 10w—23.98—-and July
!dlpped to 23 cents.
{ The market held strong during the
afternoon with old March option ris
ing to 26.75 just before the close.
Fnal prices wereé unchanged to &0
points higher on old and unchanged
to 25 points higher on new. New Of- |
leans new contracts closed 25 points
down to 21 points higher, and old
finished 5 to 8 points higher. ‘
Atlanta spot cotton was quoted un
changed at 28.10 and New York was
20 points up at 28,20, ;
Exports Thursday were heavy,
amounting to 43,258 bales.
The most important item respon
sible for the present buoyaney of the
market is the growing belief that
peace will be signed in the not dis
tant future, thus removinf the em
bargo on thé staple, allowing world
wide competition for the commodity.
The trade realizes that the world is
bare of both finished goods and the
actual, especially in Central Kurope,
and that just the moment the ban is|
lifted mills here and abroad wiil.
clamor for cotton. It is reported that
New Yorkers already have arranged
for the purchases of a big supply of
{cotton for Germany and that it wi]”
be sent her immediately after the
signing of the peace treaty. 1
Weidneasday it locked as if the skies
would clear, but Thursday the
weather map pointed to a resumption
of rainy weather, which further will‘
greatly retard new crop preparations,
which already are more than n month
behind In practically every scction of
the helt,
With the acreage produetion moves
ment growing stronger daily and
holderg of spots standing pat, it ap
pears that the bulls again are in the
saddle and will remain seated for
some time to come. Of course, tem
porary reactions as the result of prof
it taking are to be expected and de
sired in order to keep the technical
position of the market healthy.
The bear crowd are beginning to
fight back in the way of propaganda.
Their latest “dope” is that the rise
in cotton will encourage holders to
turn their staple loose and stimulate
farmers to turn cold on the acreage
reduction question and plant a hig
crop. But nothing doing, Mr. Bear.
This acreage reduction i 8 going over
big, and don’t you forget that. And,
furthermore, spot holders are main
{taining an air of utmost independ
ence and will not duamp their staple
on the market at present prices,
which still are far below the cost of
production, Don't: think for a mo
ment they, have gone through several
Imonths of “sweating” for the mere
sake of “giving In” at 28 cents, nor
any 80 cents, for that matter, Thirty
five and better is their goal
LEGAL NOTICE,
i e S
NOTICE TO PAVING CONTRACTORS,
Bids addressed to the Cdammissioners
of Roads and Revenues, Fulton County,
Gieorgla, will be recelved by the under
signed until 19 a. m., March 15, for
paving the rollnwu:f Tedds
Paces Ferry road from Buekhead o
an\‘-uil Mill road, aboul 34,000 squnre
vards
© Murietta road from the end of the var
line ut inthan Yards to the Marietea
car }hn«* al the river, übout 26,900 squure
vt
‘. Cascide avenue and (ordon elreat
[rmm Holderness stréet to ine Bewcil
roud, about 30,000 squdre yards.
Caseade averme from the Newell road
to v"m Falrburn road, about 27,000 square
yurds,
The Hapeville road from the Jaet
Paint depot to Falton avenue in Hape.
ville, about 26,000 square yards,
The pavemient to be.of conerets, |-
tuminous concrete, vitrifled l)rwl’. or
patented pavement, such as vibeollthic
or_bitulithie.
Payment for the work 1# to he made
tn cuash, in accordnbee with the t"n-
It
:mxm is reservid to reject any or all
bide,
For further information apply to
. COM. e&&.u&k b
VR e |
| ! Loo 3 %.‘?;,_ ”’fl.‘:,
lffi*éé ,LQ'
MARKETS AND FINANCIAL
NEW YORK, March 13.—Liverpool
shorts ran old March contracts up the
limit of 200 points to 28.25 at the open
ing of the c¢otton market today and
were heavy buyers of all the old-siyle
positions in an effort to reduce out
standing short accounts. To some ex
tent they resold the new-style contracts.
The start was very irregular outside
of the 200 point rise on March old style,
October was 20 points lower and other
positions 20 to 28 points higher. New
styles opened 7 to 30 points higher.
Later, new contracts rose to a net gain
of 32 to 59 points, and old contracts 25
to Ta
During the first part of the second
hour of trading longs relaxed their grip
in March and shorts backed away, thus
causing a drastic slump-200 points from
the early high. Other months reacted
to last night's close on realizing. Of
ferings met ready absorption.
NEW YORK COTTON (Ol).
e et A
—.lOvsh ligh | Low. [l.dalel Close. (Prv.Closs
Mch 96.70{28.25{26.25[26.76]20.25-2720.26
May ]24.00/24.40/23.83/23.98/23.98 |23.92-24
Jly [25.10128.61123.00(23.05123.01-10/22.80-83
Qct, 21.60122.00121.40/21,76121.70-80i21.60-76
Dec [21.70{22.25|21.70{22.20{21.95 {2175
Jan | 00l aabi.od.. 181,68 (21,60
—_NEW _YORK COTTON (New),
—_(Open. [High. | Low. [L.Salel_Clowe. |lty Ciows
May 24.40124.65/24.00]24.31/24.30-31{24.05-10
dly |23.60123.78/24.10/28.40{21.35-43(27.35-40
Oct [28.06(22.40{21.85/22.14[22.10-16]1.98-22
Dee 121.75/22.17/21.75/22.17)21.85-95{21.65-70
Jan_ [82.10{38.15{...../21.85/21.80-90].. ~..
Closed stendy, i S
NEW ORLEANS COTTON (01d).
—_|Oven. |igh. | Low. [T, Salol_Ciose_[Prv.Closs
Mch [26.80/27.27/26.50{26.80/26.50-80/26.25
May 124.5625.156/24.50/24.58/24.58 j 24.55
Jly {23.30123.77125.55{23.38123.38 “.’3417
Oct 120.80/21.20{20.80{20.75/20.75 120.70
oo 1. Pl 18048 -R0 edl
e iecod scaalon s j 20.40 | 120:43-48
NEW ORLEAN COTTON (New),
—lOven. [High. Low. |LSalel _Cloge. [Pry.Cioes
men o biiad o nty 1. ~ .126.50 Hiawas
May [24.90/26.30/24.60/24,83/24.80-83/24.72-74
Jly [33.36(23.84/23 20123.59(23.37-39/23.32-36
Oct [21.50]21.78{21.25{21.45|21.45-46/21.37
Dec [21.12{1.25[21,00/21.15{21.16-16{21.10-12
Closed steady. e
LIVERPOOL COTTON,
LIVERPOOL, Mareh 13.—Cotton futures
opened steady today. Spot cotton was
quiet, prices steady; sales 4,000 balus.
American middling fair, 17.43; good mid
dling 16.00; middling 15.47; low middit
14.42; good ordinary 12.90; ordinary la‘?t
Futures opened steady.
Open Clase: ClooL
5 ose. Close.
March ~ .. .., ..16.40-16,62 16.36 16.0%
April .. .. ~ ..15.68-15.74 15.66 15.22
May .. ~ .. ..14.17-142% 1424 1380
A T 14.04 13.63
suly 0000.. Gy LIBBO 30.43 1046
August .. .. . .1360-18.60 1381 13.50
September .. .. . 13.45-13.41 135.36 13.10
Closed steady.
> SPoT COTYON.
‘ Uanta Cenumercinl Exehbange quotes
ba:h good middling, 28.10; sales Wednes
wily, U 0 bales,
- New Oricans, middling, 27%; sales, 776;
arrive 784!
i New York, middiing, 28.30,
, Liverpool, good midadling, 11.15 d.
Savafinab, middiing, 27,
} Augusta, steady middiing, 251%.
Boston steady, 28.10.
Philadelphia, middling, 28.35.
(fl)ztrlouwk middling, 26.
Norfolk, middling, 6%,
Memphis, middling, 7.
St. Louis, miadiing, 27.
Dailas, middling, 26 85,
Mobile, middiing, 25%.
Montgomery, steady, 23614,
Guiveston, midding, 27.60.
Houston, middiing, 27%.
Little Rock, middiing, 261,
i b i s e
COTTON PORT RECEIPTS.
The foliowing table shows receipts at
e T AR
1 1918, | 1918.
New Orieans . . . 4,156 7,178
Galveston . , . , . 3,039 6,658
Moblle . . ', 774 3
Bavannah . | , 2,510 2.414
Charleston , , , . 173 167 &
Wilinington . & . . 04 220
Mortein . . 0 o . 1,501 1,640
HoMonv. . ).i Bl 12
JEeE L TRO Tk
| . INTERIOR MOVEMENT, ,
e ot LANE
[“nuflmn A o 3,825 3,612
[ Aupuste. . . . 921 2,624
Memphis ', ~ . . 3085 6,216
B Lewe . ~ 80 4,655
Civomned . . il i l 1,286
Bithe Hook .o. .| ¢ 831 ] 'efs
Sotar . . ] EEE | 198
e e e e
NEW YORK PRODUCE MARKET,
NEW YORK, March 13.--—Petroleum
firm; erude Pennsylvania $4.00,
Turpentine steady, 693 @7O,
Rosin gteady, common $12.20.
Wool unchanged.
Hides firm; native steers 273, @28%:
branded steers 251 @26
Cofted titmi options opencd unichanged
14 points higuer: Rio No. 7 on spot 164,
Rice dull; domestic 85,6103,
MOLASSER, demand uaproving; New
%)rlmns open kettle T6@5%2; black strap
gL
gmv Sugar steady; centrifugals 7.28; mo-~
lasses supar 7.28,
Refined sugar \hrhrmsod: fine granus
lated 9.00; cut loaf 10.60; crushed 10.25;
mouid A 9.156; cubes 9.76; powdered 9.15;
diamond A 9.80 confestioners’ 9.00; softs
No. 1 l.&fi. No. 2 is five points helow No.
1, and Nos 4 to 14 are each five points
lower than the flmedmx grade.
Potatoes wealk; nearby white 2.26@4.10;
goangaudu 6.00210.00; southern sweets 2.10
Beans easier; marrow cholea 10.25; pea
ehpice 7.25; red kidney 11.25,
Dried frus‘t?; strong; apricots, eholoa to
fancy, ZGQ‘;S: apples, orn‘mrutml. prime
to faney, 17% @l9; pranes, 10s to 608, 161,
€9BO, GOs to 1008, 10% @l7; peaches, cholee
to fancy, I¥@al; seeded raising, choide to
fancy, S 5, @1
CHICAGO LIVE STOCK.
CHICAGO, March 13.-~Hoge, estimated
receipts 20,0005 n&urkflt lower; bull 19.20
fll.fio; top 18,80, buteher bogs, heavy
D 00819.50: heavy 15.26@19.00; medium
and mixed 19004 19.51; lght 1&.35%39.50;
plgs 17008018258, roughe 17.860% 1800
Cattle, egtimated recoipts 9,000 market
#teady; bewl eattle, good ehoice m?ag
£0.26; wedivm and common 10.6A@18.75,
butcher stock, heifers 15000 15.76; cows
T 2 15.50; cunners and culters & 000?.2.’.;‘
stockers and feedors, good ehioles 11,3080
15,85, mediwm B 2660101.26; veal ealves,
good cholen 115060 18,00 |
Bheep, ostimated receipte 14.006; map.
ket sateady; shorn lnmbs, ehoice and sxnmv‘
19251900 medium amd good 18500
19.56; spring lambs, good choles (KOO 6
18,25 ewes, Cholce, ;m ne L 3 SOE 1425, me
dinm snd good 11 I&é‘m 85, |
b bt 5
ST, LOUIS LIVE STOCK MARKEY,
BT, LOUIR Mireh 15attle recaipts
2,000 market strong; fative beef steers
ILAOG 18,50 yeurling beef stoers and helf
ors bm,yn. VO, cown LOBO@ 13,605 stook
era and feederd 100061550 calves 10 00§
18.00; faly to prime yeariing beol glocrs
10,0040 12.00; beef cows and heifers 7 504 p
165.00; mouthern grjnm yearling slteers and
heifers 6.5065.00, &
Hogans, tecelpta 14.200: market lower;
mitxed wnd butehers Hmbr!fi.‘:‘fi; snud
fl.gng;l»g; rough h’».asg': %.00; "f““
;0, 04E19.75; pigs 16.00@ 1825, bulk 1990 @
.70, «
Kheep, rede) %fi 1550, market stesdy;
ewen 0.&30«;;!‘ i u';mml and choppers
5.00@9.00; Jambs 18751920,
e et s e
JACKRONYILLE LIVE STOCK,
Hogw-Receipts maesking, Proy
strupg. o+ Hxtbn choles, heayy, 1428
14.50; ordliary ehdaive, Bewvy. 1175
TLE6L roumh henvy, 13004 (350, lighis,
1t ;Mfla,nu;‘éflfl, B ENGEINOO,
5 t‘uflwa}n ipts Hight. Prospscte va!{
Bteers, - TROGIE T bulls n.g;:wu 1
rnrm / ,“\%bh nwa i.' ‘wao;-
Heve Q.O @ 10.00; . veal ¥ B
Troo hwhers. o bl Wiildmaen &
1 $ &Mt e % ¥ 5 455 )
TR st ol S 2 ]
B A Ri S eRS ) T e B 2 SRR {3 ot
Packers’ Sales Break All Records
Gross sales of the filve big packing companies during their 1918 fiscal
years aggregated approximately $3,217,660,971. This huge sum is by far the
largest volume in the history of the industry, and an increase of 60 per cent,
compared to the previous year.
Net profits on this enormous turnover aggresated $51,631,315, or
slightly under 1.6 per cent. Dividends paid out during the year total sl3.
961,185. Surplus earnings available for the common stock range from 14.7
per cent on Armour stock to 140 per cent on the thinly capitalized Morris
& Co.
Below is the consolidated income account and balance sheet of Swift
& Co., Armour & Co, Morris & Co., Wilson & Co. and the Cudahy Packing
Company for the 1918 fiscal year:
*Swift. g,\rmour. Morris. Wilson, Cudahy.
CGross sales .. $1,200,000,000 $861.000,000 $470,000,000 $400,000,000 $456.660,871
| Net profits .. 21,157,377 15,247,837 4,217,858 7,641,636 8,376,808
| Dividends paid 9,000,000 2,647,837 300,000 733,348 1,380,000
Per cent carned
on capital em
‘ played ...... 9% % 7.83% 15.18% 10.39%
Per cent earned
i ol common
o .. 14.109, 14.79 1409 34.49% 24.40%
BALANCE SHEET.
‘ ASSHTS.
Real estate, >
I 10,399,290 $ 31,184,709 § 29,704,062 § 16,761,652
- __platits, otc. .§ 79.247.867 § 70,734,591 5,819,337 winine v i 1,481,740
Cars and ear
Investments .. 39,298,462 57,267,543 6,146,087 8,625 %68 2.093,9%8
Good will, ete. . i e 11,371,284
e ol 12,075,683 24,751,771 7,986,367 8,844,060 4,446,624
Bills and notes -
\ receivable . 105,091, 402 91,053,092 19,220,342 26,243,083 19,267,330
Inventories . . 179,060,614 160,380,067 41,869,508 432,762,852 43,266,288
Prepaid itema. . 604,042 763,690
Capital stock im
treapury .... 36,689 302 sesintas N Skyan b a
Totals ....§ 451,003,081 $404,280.359 $112,225,351 $129,165,244 § 88,081,169
TIABILI T, :
Capital Stack $ 150,000,000 $103,725,400 5 3,000,000 § 30,476,400 § 20,000,000
Bond an @
entures ... 30,926,000 106,874,600 10,700,000 40,080,000 18,478,300
Remerves.. .... 23,217,678 9,341,460 10,112,719 2,600,000 23!5.4}!
Burplud ..one.is £4,575,178 69,366,799 52,823,863 19,789,212 12,498,077
. Bills pavable .. 120,577,785 90,136,091 31,988,004 30.897,575 133,036,466
Accts. payable. 41,250,995 26,442,008 3,434,213 5,618,080 PR
ACUPURIN ... ius 515,442 166,600 393,955 387,m2
Totals ....$ 451,003,081 §404,386,369 §112,295,361 $120,166.244 § 88,081,160
*Thirteen months. {Fifty-three weeks. slncludes accounts payable.
——————— e A Aot
New York Stock Quotations
Market clsed irregular.
Total stock sales 1,103,100,
Total bond sales $11,223,000.
s
.|Sale|Cl'se
w
sla| 34% 90
lmers ..| 3 is i) 12
A aAEN -94 l o i 106%
e i 06% 1043410 k 734
Amp iy eol 3| T3%| 4744
T A"s‘ e T 3 |47 48 102
e oreil B §3% 93| e3yg
e B igi) i
Ane RO o auta
Amn. Lo eey 69% 68 6
l do p‘r:ltts A ‘:%Q 853 86 120
e feel "%",* : 1:9%1“? 5;%"073
mn, e e 65
mn. Sugar B 66 i
o=t - e )et
Amun. ,‘X:,eed v o 8 c 110934 107341108
e e 093 10914 119 u
Soew'E e 30 9o
o h 000 PB o iln “,% 67
Amh;mfi‘pret. P 32 50| % 2094
Cerp. . (11644 11434111
n. Int. b ilibig(li6is 1143
3R A e hiighisichisy ay
Amn, Sum. UL A 0 srechiocid 38
Amn. '&'ési:ef- 3 .' 3%
Arnin. T el i 613! 62
Alitka” Gola S E >
Avaconda . e :7 97 ';% &8
Atchison tiee .. 9 ilfi‘& 8 49
At. Coast 0. ..8 493 49% ]56
fhcwin toss. . . “"’3 e ]By
Bal. al T s A sne 50351180361 ..
pref. htese 11204
Bootih Flahorics’ it it
Barrett B:“B : i "zx" 3%, 2% 185
gith S s < 2 =313
Brook. R. e ) 371 47 laTyy
une Svpenp v . 37" 181 Tinl 74
s A% T 4% o 163
o Bref. . o 9
2 Pacifio . | 593
Can. .o 41%
Ches, e 1 iisgl i W | 398
S B Sl Al Byl fig
Jol. ¥. an ",‘;5,_,“ 2% 12% i
Qo St. P, w%iT 344
0. M an‘l' sGI ~‘ 8414] 4% 95
' s pra er . .0 340% soii| Bisgl aon
Ohino LAJJ;L’"( ' ““‘ 6014 5“‘;106
eew L TRV AT
Corn Prm“ L "3“‘ oan 174
do pr,‘,}'fll ke canel aans a 3
Crueible S Sugar 33%] 2% 2% Tflf
s A e s 1%l 16 19%
Mnligh SN g 8 it isicl a 1
do pref, .. 4 seidl 8141 10%) 0T
v Ael 18%p| 18%1 ey
S oeneer v o ] 126 125 k 546
Chila Copier . il Gl 1 79
\'lmud:""; ‘\,';O;m . i “"&,‘ ‘ o rgw
Columbia G b WL e diicl 63 |a2
% Can o] aaed 4] 63 1| 714
Dl it i, | i 1A T bos
Dist. Securi . }’;;‘:; 201 305&‘“"5
e ' 58 llss L 60
do P cirin +|lsß ;59%““\'] 68
General {;«:\ur" Emifi 68 “%' 94
e lel 9% 93,,f 13%
Qoagrioh Baaaer (13 VR vn 102
Gi. Nor. Bre” .1 @ 1 trrbie g @
o v prog. 4 o soii ii& 974
e inten steel . )Gl 0y
1L ""“‘—"2‘:ll,':'- s s ':“ bW 5% 20%
ik AR ‘ . a 4 114031120 4
rbhoro . o wliaaes {1404 55
"‘“'m’.‘u("';f", L 3 by 2in
e chit i 635! 464
R el a 5 i) sl
IRG e L) ) an) g
‘Knn. ity * -
¥ 1
COTTON NOTES §
AR AR AP A
Port receipts 'rtmndn‘ are estimated at
11,000 bales, against 2,052 last year.
-8
Precipitation was generally light Wed
nesday and confined to extreme southern
Florida and the North Pacifie coast. Gen
eral rise in temperatures ever the central
valleys. .
N
Liverposl was due 34 to 44 points higher.
The market opened steady at 32 to 17
points up. At midday the market wis
steady at a net l‘dvkm:c‘ot 33 to 42 points,
.
Phe Times-Pleavunse says: ‘"The activ
ity developed in the new style contracts
Wednesday indicates that the strength of
the new form is beginning to be more
fully appreciated, The lmiting of the
number of tenderable grades to ten, ale
though excluding the sow grades and the
grest majurity of the tinges, makes the
contract more attractive to spinners, and
by bringing the Purny of futures more in
aceard with spots sheuld eventually ime
prove the demand for the actual. Trade
ing wasx petive, not merely in ol cone
tracts, which are being Hauidated, bLut
in tew contracts e weil
“Phe many indientions of the néar ap
proseh of pesce atd the resamption of
unvestrieted trade throughout the waerld,
fnciuding the hotivity nmr huoyutcy of the
#iotl ket were mwe\ly renponsible for
the good advance ew York reported
thiat theps wers alrendy rumors there of
the purchase of large amounts of rotten
for Gerimsn necount to be forwarded as
soon us eonditions permit. As Central Bue
tope i completely bare of cotton whid eats
taos poode, it is only reasennbie in exs
poct that there will. be a liberal moves
thent of the staple In that direction as
soon as the blockade s removed.”
b s A
A A IS ISP,
\
2
| WEATHER FORECAST i
eoA AP P M SIS A
. WABHINGTON, March 15--Ths weath
ér ih the south Atlentic apd cast uug
atates will be geperally fair tenight, wit
sopsiderible clondiness Friday,
j e l.vvmswmmrn will not change mates
pindly in these Oistricts,
Forceast 1y States,
North Caroline and South Careline:
Pnr!fif oloudy tonight and Priday; net
mich change 0 temperatyre
Listirgin audy tonight dAnd Priday |
my{ mu‘rh chupgs in lemperatuce
: Goridat Cleudy tonight and Friday,
prouably rain in south yfi»re’,nn. ’
Adabmma wnd Mississippi: Cloudy tos
night and Friday; mild temperatare, =
e nuréf tuuc}z tonight mn'fim‘
‘mot muc chahige’in lompersiure.
‘ I | Last[Preov.
STOCKS - High | Low (Sale |Ciome
Kan. & Texas . . ! Sae ol W
Kennecott . ... .| 30%] 304! 30 303%
Lack. Bteel . ~.[ 70 ( Fo el 0% S 0
LAMI’Y&»VNQI. sie & i 85 557%| 6567 1?23
. AN o b at geweb aneok sune
Maxwell Motors ..| 37 ‘37 37 26%
g:l:tdpm(‘f. '} g:%
BeSE f ot
Miss. Pac. (new) .| 2‘2:' 24%| 24 24
Mex. Petroleum . .[lß9l 185 118614 1186
Marins s . it RIS
e - gt ai ]
e
Midvale 80l . | 43%| 40%| daw| 4oos
Nat. g-nduit v bl din] tadit AR
Nat, namel . . Soai. gow BOBg &la
N. ¥. Central ..| 76 sgl 76%] 76
.;. 3.. NN &aH . 2 3% N 2:§
O SNI . .ol ab
N oamd W. . 00l i if iDA
Nor. Pacific . .11 84 7] 834) 3% 04
N 2 0 8W 01
Nev. Con. Cop. .. 16%/| 16%]| 16% {6‘4
N. Y. Airbrake ..| 39 381, 381 81%
Pitts. W. Va, Coal | 37%! 36%| 36%| 37
Pennsylvania . . .| 448] 445 445 N::
SEnEagy i 1 ani
eople's Gas . ~ . i 3
ressed Steel i 893! 6914 70
: 4 Ca 7 i ’
Pittshurg Coal . .| 485 48141 4815 48%
gunm(:nm(;r. ViR ‘.v..v i gé"{‘ifi"‘
ay Ca it
nendin? ok e sgm ua R | 84%
oyal N i, LBsy
R 1 Dutech 94 92 93% 195
Toek Tomma v . | 3% Sin| Bk 35"
RS . i
do pid A", | 71| 10| 17 ’wé
do pfd B . . 0| 66l 68wl 6634| 66
Ny. Steel Spring . .| 824 | 9% !l%‘ 78
Soars Ro6buck . .l cu..| .iof versll73B
Sloss Sheffield . of g g o Rl By
80. Pacific . . . .[IOB {lO2 (1033 (102
Sout&wrnmfly. . !n s’%{ 20%) 291 ‘l:‘u
DD s e ows Sindl s ive
Studebaker . . . .| 66%] 02% Oi:!‘,l‘i 63&
Sinelair Ol | ~ . .| 885! 36%| 374 368
Bhiltack, Arle . 3o ot i) 30
Bwift & Co. . . (189 [198% 1883 129
Tobacco Pdets. . .| §B4 Sfi%i 88 87
Tons Coppar « < ) 6.0 l sved] vvael 1B
TP ANE. ~ . i ceai) el il 1B
Toxan O . . . Jtt lml 20834 1207
Texas Pacific . . .| 334! 33 33 3%
United Fruit . . .[173 1173 113 1113
Tlnton Pacific . . . !30%5189& 180 11304
u. s'.‘ ltu:;;mr L 835 81 iz%““‘%
o p M R R Ly
v. B wesl | oW] WY w%“n}é
BB DI . oy oabieiist o iae.l s 14
U, 8. Cligar Btores, | mw,q::ml::\w 1341
Utah Copper . . .| 72% | 71%| Tl%] 795
V-C. Chem. Co. .| 87%| 87 | 87 §7%
Wakash . . . F ENI w,i Rl4] 88§
os PA .. 35%‘ 34t! 34751 35
Weke M 4 . o L I . 111744
Western Unjon . .| 8851 8838;| 883, 884
Willys Overland . | 38 | 27%1 273! 275
Woblwarth . . o Fsia 1188
Westinghouse . . | 46%] 46%! 45507 481
White Motors . .| 54 153% B3| G4w
Wilssn Packing 08l ....1 ... ;..:1 18
BONDS,
s A At it
U. 8 Lib. 3%s . .1|98.54188.54/98.54198.60
18t 4x ~ . .194.30(04.30194.30 /94 30
do 2d 48 . . 193.54/03 5403, 54[93. 60
do 18t 4148 . . 8460104.50/1010.50 04,80
do 2d 44s . .193.70/97.7093,.70 /08 88
do 4th digs . .83, 90/95 96(03.96/93. 94
Anglo-Fronch, 8s | 9G54 95% 88 .....
:
{
s AAA PR R
Liquidation of the Wright-Martin Aero
plane Company is expected before July 1.
The company hos cash and eash assets
equal to about §l4O a share on the pre
ferred stook. That stock will be retired
at a very satisfactery figure .and there
khould be about $5 A share paid to the
common stockholders, , It I 8 probable that
the patents of the tompany and such
Asscts as may be left over will be used
A% & nucleus of n new company with mod.
et ecapitalization. The company has
abandoneld 118 pinh of putting out s new
automobile,
.
The American loe uampug 8 unders
Atdod to have made fully $500.000 this
winter bLecauss of the extremely mild
weather. Notmally the company loses half
& millien in a winter season. Thua the
company is & million dollars ahesd in ne
tunl cash in widition th wiileh there ia no
#tore of natural lee te compete with 18
artivdeiat {nwlm-!. The sttuation in fes
i unusually good.
e
‘”‘fl#l‘ui Motors 8 usderstood to have
Betwoon $70,080,000 and $80,000,000 cash in
Wi tremsary, Of course, n great part ot
this will ko for taxes, but the mportant
thing I 8 that the company has excesd
igly Hght stopk of MWiuterinl on hand.
The nature of e war work made it une
neeesanry for the company Lo carry heavy
inventorion #nw, with prices lower the
coampany has™he cash with which to buy
as neeed | This 1% a great adyanings
and with the guickenitg of (W 6 nutonin
bile Business should mean much so the
stockhiolders,
' 89
Distillers reosnt sharp upwird movos
ment s based on the eompany's piaps
for making lguid sugar. 1t may be thot
2;: company will go even further and
) Ke cundy. The country ie hungry for
eandy, and prohibition will niean the open .
Ang of thousands of additional eandy
counters, not only In chain gtores, but in
we'l’g:r Elotes ahd grocerica, The eandy buss
inesx . regarded By lending bankers s
fuufi of the boom trades for the next few
yehre,
[ i METAL MARKET.
NTW YORK., March 1%--Lead, gulet,
let Bt Louis afml, 5.20@0.856; March,
April, May and June, 5206330
L Bpelter, quiel, Fast Bt Louls spot,
Murch, ,»\urth May, June, 61006 20
i Copper, the smaller dealers have re.
duced their quotatign to 144615 G 4
xtw pound. Leadingg 3@&% are still
ng 15 per el vm 5
% flund’m ; mer, - bid.
s "
=il fi“!
£ b
VS Ca
iBRI R
e, o o b
NEW YORK, March 13.--The stock
market was irregular at the opening to
day with the standard issues generally
fluctuating within small fractional lim
its. Steel common ranged from 96 3-4
to 97 1-8 and showed little change from
yesterday’s close
There were a number of specialties,
however, in which violent advances uc
curred, Texas Company continued in
urgent demand with supply extremely
scant and on a moderate amount of buk
inessg rose six points to 214.
Industrial Alcohol which closed yes
terday at 127 had a violent advance
moving up to 130 to 131 on a single
transaction. Mexican Petroleum galned
2 3-8 points to 189,
There was initial trading on the stock
exchange in Royal Dutch New York
shares which heretofore had been dealt
in on the curb market. These sharos
which were gold on the curb yesterday
at 854 ranged from 86 3-4 to 88, mak
ing « marked Improvement in compari
son with the American shares which de
clined 7-8 to %4 1-8.
Changes in other issues ware generally
without special importance .
The market was irregular during the
forenoon with trading quiet, There were
no wide fluctuations ‘( strength was
shown in a number of issucs, Stude
baker moving up one point to 63%. The
low priced 01l stocks were active, Sin
clair selling up to above 38 and Plerce
Ol to above 18,
Fractional losses were susthined In
most of the standard issues, steel com
mon reacting to 9 3-8, The copper
stocks showed a heavy tone, Utah fall
ing one point to 71%,
The market was irregular in the last
hour with Industrial Alcohol the most
prominent fmllurez moving up to 142, an
upturn of over 15 points for the day.
Railway Steel Springs was also in de
mand, moving u{) over 4 points teo 83,
Steel common rallied to 96 5-8, and Bald
win Locomotive moved up over 2 points
from the low to 88 7-8 closing at 88 1-2
Texas Company was fin:i‘.fi' 200 1-2
United Cigar Stores 132 3-4: Reading
85 1-4; American Smelting 68 3-8; Mexi
can Petroleum 186 1-4, and Studebaker
62 7-8.
The market closed irregular, Gov
ernment bonds unchanged; railroad and
other bonds steady.
Bid [Askd.
Atlantic Steel i COm. ...... 97 108
‘ o MW il B 94
At. Ice and Coal C0rp........| 66 87
dolfret. sekdsipveisarervect TR 76
Atl. and W. P, Railroad ~.... }lo 155
Atlanta Nnum;u Bank ....../386 95
Central Bk, and Trust Corp. ...{l4B 62
Fourth Natienat Bank ...... 315 lz
Augusta and Bav. Railway ....| 92 gfl
Exfnumon Cotton Mills ......|IBB 11
Fulton National Bank ........[117%{120
Empire Cd}tbn 011, commen ..| 60 :Q
do {rb. Criiniiaiverviinoi IEINE 90
Gate City Cotten Mills ~...... l;l .
Ga. Ry. and Banking Co! ...[333 236
Ga. Ry. and Bleotrie C 0....... ... 1”
: 89, 5 B B ivviiiioiiial B 8
Georgia Ry. and Power, st pt.| 66 | 70
} do 8 B ... .ccaniiviesif 19 12%
| 40, COMMON ... :vovesesnil 8 8
Lowry National Bank ......}220 2256
Southwestern Rsltond seensen] B 8 27
}ghirn] gatiqnm ©na dte 315 ;18
LY om| o corgla ..
}Mmtm S Pt 138 1“
Atl.-Char, Airline 68 ..........(6.10 |Basis
T
Atlanta A 0 L &
Atlantic Ice and Coal, 68 .... g :1
ét!lxme BEaet 88 ... .0 7
‘Ga. Rallroad and Bank. Co. ..[ 85 | &
: NEW YORK CURB MARKET,
@ Open. Close,
Opened firm, closed heavy,
Aetna Exp . . 9% @ 9% iRa %
Anglo Am Oil .18 @ 16% 18 @ 18%
l'm-vr:net e .lflg bid " wg bid i
Lon, Cob . & . [
Cosden l‘l’il v s 19N 3 753 %
Curtls, Aer. . . 11 @ 13 11 4 18
Housten Ol . . . 80 @ 82 79 &0
Ind. l‘l%w v 54 99 BIE b 8 §‘lo2
Initer Pete . . 21%@ 22 2,0 211%
L.val. Coal . . 84 @ 87 84 @ 871
Magha, . , .31 a 0 26 28
Marcont .. , . 0%8 1% tuifi 4%
Merritt Oil . | 4% @ 254 24% 25
Midwest Oil . 1% 1 718 i@ 1%
Midw, Ref. ..184 @l5B 160 152
N, 'A Pulp .. 4% @4% 4% Y%
Onfh Ol . ..322 @ase 887 3523
Pralvie Ol .. .660 g‘dfifl 660 650
Bub, Boat .., 164{@ 16% M%@ 15
840, N 1 4338 P 36 331 g::&s
80, N J .08 654 7% 634
8 0, OCal. .. 3710 @376 250 gw'tfi
8 O, Ind, ..770 h 780 710 @plßo
Union Tank ...114 16 114 Gplis
United Mot. . 43 @ 43% 43 5 4%
Vieg Hi{ cavens R%ED 2% 2% 5%
W Martln . .. 4 @ A% 4 G A
Cong, Aris. ... 3} ) 14 1 ,fi 1
Nipissing ..... ¥ } 9% 9 9
B & Wyo 01l 27 @ 27 3 a 9
Glen Nock Ol 1% 315 3% 3&
LO KTt .. Th 8 % 1
NW OU .4\ 47 b 0 l; 60
U 8 8 ..., I 8 3:;2 4%
Bapulpa » .. 7% ¥ 1% %
FINANCIAL BUREAU ON STOCKS.
NEW YORK, March 13.--While discrim.
innting against the copper and steel stocks
until further readjustment has taken place
in that department as a whoie, leading
interests are recommending raw material
i#Rucs, eguipments, food stocks and elec
tric. Republic Steel seems to be made
favorable exception so far a 8 buying on re
cessions 18 cohcorned. “Bethlehen Bteol
will find that it has & lot of unnecessary
eapneity,” comments a well known source,
“and its financial structure is anything but
scientifie.”"
CHICAGO CASH GRAIN.
CHICAGO, March 13.-~Corn--No. 3
fi““‘" 14215; No. 2 white, Lmfil«(!‘fi;
0. 3 yellow, 1.4314%1.46; No. 4 mixed,
1.39@1.40; No. 4 white, 1374138, No.
{ ye110w,"1.4201.48; Ro. b mized, ’“‘”{‘
1.8%; No. b white, 1.83@1.35; No, b yel
low, 1.09601.40%,
Oate--No. 3 mixed, 60; No, £ white,
6315. No. 3 while, 61602, standard,
615 4062%.
MONEY AND EXCHANGE. ‘
NEW YORK, March 13.-Call money
on the floor of the New York Stock Kx
change today ruled at 6 per cent; high
4%, per cent; low, H per cent,
’l‘iuw money wias gquiet,
Rates were: Bixty m?'.n. hlg per cent;
40 duys, 5% per cent; four months, O'%
per cent; five monthe, b 4 per cent; six
months, u'% per cent, ‘
The mitrket for price mereantile paper
war dull, ‘
Call money in London teday was 34
per cent. 1
Hterling oxchange wos slvml} with
business In bankers' bill st 4.96% for|
domiand; 4,784 for Gb«day bills, andi
£.71% for 90-day bills, - ‘
THE WEATHER, i
'he following is tho Weklher forecast in
the collon belt during the next 24 howes:
Louiniatin < Inereasting cloudiness, rnjn
northwonk Friday probably rain; colder
northwest ‘
Arkatisawandy, esidér in nerth; Fris
day probably tain, voider 4
Okishomn--Clowly, probably rain or
oW colder; frevsing
Fast Texar-loudy probably rmn;‘
colder notLliwest
Went Texas- Rain or snow, cuolder;
freezing in Pahhandle; Priday rain or
snow in porth; rain in south, :
Carglinas Partly cloudy
Gnorgin-—4'loudy.
Fiotidmw «Cloudy; probaiy rain (n south
Alabama, Mississtppl—Cloudy,
—— et st
fa completely washed out of the sys.
tem by the celebratal Bhivar Miners||
Water Positivaly guaranteed by
mmmxuhuvk offer Tastes fine; costa
n trifle, Dielivered anywhere by our
Atlanta Agents, Coursey & Munn
Drxs Store, Marietta and Broad Sts,
- Advertisament,
MEXICO WANTS $150,000,000: -
. MUST GIVE REAL PLEDGE
By BOERSIANER, v i
CHICAGO, March 13.—Lord Northeliffe, as a journalist, continues to “}“
contemporaneous withsevents, The latest evidence of his contammfii}gfi
neousness is that he has appointed in the United States a money corre
lspondenl‘ to The Times of London; an expert who i{s to devote himself ex
clusively to cnmmercl?l and financial developments in America. o
Northeliffe recognizes that, now the war is over, the universally im
pelling thing is political economy, with the resumption and reconstruation
foremost. In suggesting the first assignment, Northeliffe is equally m{
erring. He suggested to his newly assigned representative that an article ©
'be written on Mexico, as viewed by the financial community here. b
The initial subjeect chosen by the English publisher is growing in mt‘?fi;f{
test.' His correspondent will be anticipated. e
It has been ascertained that the
committee organized by J. P. Morgan
& Co, had its inception in the feeter
hmt out by Mexico for a loan.
| Mexico wants to borrow $150,000,000.
What remains of fiscal responsibility
[dnwn there has pledged itself to a
program of rehabilitation, politieal,
'uo«‘ml‘ financial; and it asks the co
’opemtlon. moral and monetary, of
Amerlen, England and France,
Where Carranza stands is not yet
clear. The American committee hopes
soon to know definitely, Ile i{s known
not to want to succeed himself, but
has his successor in petto. [t is cer
tain that Mexico needs o financial re
constructionist, as much as she re
quires a political reformer; a Limon
taur first of all.
Levy on Custams Essential.
If satisfactory guurantees can be
glven Mexico may ralse money here,
imp pledges will not suflice; neither
will & written guaranty., Something
positively substantial and irrevocable
must be had; which can ¢nly mean
gome sort of a levy on the customs.
Spanish pride is proverbial. A lit
tle of it, like Spanish port, is finely
effective; a few drops of the port put
in other wines makes a beverage fit
only for the worthy to drink. Taken
by itself, it is extremely heady.
The Mexicans are sufficiently Span
ish to be prideful. They would very
likely resent the collection of duties
by foreigners ala Turque, But there
are methods and methods.
One is the Turkish, the other the
way adopted durmg the early part of
the Diaz regime; the latter a system
of certificate emissions by the cus
toms department which passed as
general currency.
If Carranza—--or his successor—
consents to a guaranty in which Por
firio Diaz once acquiesced, Mexieo
can be rehabilitated, can have the
$150,000,000, her responsible people
have tentatively applied for. *
Part to Restore Railroads.
But here, again, there must bhe a
tactful stipulation. Part of the fund
must be used immediately in restor
ing in a reasonable degree the rail
ways, in some of which the Mexican
Government is a legitimate partner.
Without the railways functioning
normally, it were '‘useless to attempt
to restore the economie life of the
republic.
Of the railways capital there has
been invested by Americans $235,-
464,000; by the Britigh, $81,237500; by
the French, $17,000,000, Purely Mexi
can capital thus invested doeg not ex
ceed §105,440,000 in railway stocks,
and, perhaps, another $12275000 in
raflway bonds, while the total rep
resented by other countries is about
$40,000,000,
Built by Outsiders.
In the pioneer days of the rallways
the people of Mexico declined to in
vest a centavo of their money, while
‘thn national Government had none to
spare. It was not until 1802 that the
Government took any finaneial inter
est in the transportation arrangements
of the country; they then purchased
a controlling Interest in three of the
‘most important railways, and in 1909
united these three lines under the
title of the National Rallways of
Mexico.
~ In this company the State owns 50.3
per cent of the stock, thus contwlliny‘l
the voting power, and of late years
further roads have heen acquired
either wholly or in proportionate
holdings.
. The privately owned lines, which
the Government of Carranza could not
afford to purchase, it seized nand is
working under the style of the Con
stitutionalist Railways of Mexico. The
railways thus appropriated include
the Mexican, the oldest and formerly
the most prosperous system in the
country; the Interoceanic, the SBouth
orn, and the Tehuantepee, of which
the Government has always held §
per cent.
| Damage to Lines Serious.
The actual physical damage done to
some roads is very serious, In the
case of the Mexican, with a total
A
PUBLIC AUCTION
E
Office of the Quartermaster, !
Auxiliary Remount Depot, 309,
Camp MeClellan, Alabama,
Mareh 12, 1919,
There will be sold at publie auction, to the highest bidder for
cash, at Camp MeClellan, Ala., commencing at 9:00 o’clock a m,
Friday, March 21, 1919, and continuing until all animals are sold,
the following surplus animals, viz:
600 Horses
900 Mules
These animals were carefully selected to he retained by the
Government, but on account of Camp MeClellan being abandoned,
must now be sold, Rtoek is superior to that sold at previous sales.
In addition to the fifteen hundred head of sound horses and
mules to be sold on Mareh 21, 1919, there will be about fifty head
blemished or 1. €' animals and eleven yearling colts,
Both horses and mules are in good flesh and ages are exeen
tionally good, Stock will be sold in lots to suit buyers. There will
be pens of seleeted young mules sold intact to highest hidder,
There will be separate pens for purchased animals.
The quartermaster will supply neeessary help for loading in
case of shipment of carload lots,
There will be luncheon on the grounds
A halter will be supplied free with each animal gold
Camp MeClellan is seven miles from Anniston, Ala., and ent
be reaclied by automobiles from principal hotels, A hus line rung
hetween Anniston and Camp MeClellan, i
No animals will be sold that ean not be eertified free of con.
tagious diseases, Health certificates. will be furnished animals
shipped by rail
Railroad cars in readiness for shipment of carload lots, and
animals will be loaded by qunartermaster under direetion of buyers,
Terms: Cash or certified ehecks. Ten per cent of purchase
noney will be required to be deposited by the buyers after each lot
is sold, the balance to be pajd at the conelusion of the sale daw
Sale will be under «h«»ld»r. Your attendance is solieited,
R. W. LINDENSTRUTH, Captain, Q M. (~ Quartermaster,
| it
i {’ic
| 50
| 4%
|
l CHICAGO, March 13.—There was &
general rush to sell when the graln
market opened today and corn was’'
forced down 188 to 25-8 during the
early hour, A few locals continued l: .
sell after the bresk attracted scattered
support
Oats opened 1 to 11-3 lower, Selling .
was general at the start ¥,
Provisions opened a triflie lower. Tg:: i
was scattered huying by shorts.
erwise the market was unfeatured. :
Continued liquidation by hogs for ¢
iTs, sent March corn down to 1. »
agalnst 1,47 early in the day. May 4
|July, broke 3 cents and September & 1-8 .
cents, . Final prices were 315 to 4 o
cents down, . e
Oats broke with corn, closing 8 t
2 6-8 cents off. s
Provigions fell 200 points from the
early high on May pork to 45.00, clos= '
ing 104 down. July broke the minimum,
Lard and ribs were weal,
Crain quotations: £
Prev,
Open. High. Low. Close. Closes
mnn? ok i
Mch, 1.4 1.47 1.4 1. o ¥
May 1.39 1.39 1.368 1.36 }. >
July 1.3¢ 1.94 1.51 151 1.3
Hept. 1.30% 1.30% 1.37% 137 1.32
OATS—
Moh: ..., Siaw N 8 63
May ~ 63% 63% €3 62 6435
July 63 [ 61% 61% PR
FORK o
Mayv 46.25 4700 45.00 46.00 u.a
July 43.06 43.10 4205 43.65 4% Y
LARD-~ .
May 2750 2798 271% .14 lla !
July 37.20 2747 28647 3647 2 i
RIBS-— 5
May 2640 25,40 2477 M ll.a
Jly 2415 3415 3368 35.53 34
CHICAGO CAR LOTS, .
CHICAGY), March 13.—Following are o=
ceipts today: %
WHEBE .. o\ o 6 os o 8 oo 5 e <o 40 :
‘l‘orn Y se 2a es 88 ee se se we w 8 x
OBtE .y o « . o - i
Hogn i .. ‘..'.. ,'. ... .. :: : «. 26,000 ¥
e iyt
GRAIN GOSSIP,
CHICAGO, March 13.—Corn futures ‘
advanced to within Q’ cent of the hi
point of the season for May, and are
most up to the 142 level, from where %
recent break started. Duils expect that
they wny go higher, but there has s
an advance of 30!‘ conts in a menth,
which has weakened the technical situas
tion and put the market back to a good .
lovel, where eastorn cash intercsts are able
to get out with little loss. Large lines *
held for westorn traders wera mldban
the bulge by Updyke, who was the &
buyer last week, They were also the largs
4t sellers of bids after the close. More
operstors whe have been bullish exprosssd
bearish views last night than for somse
tirme past, and it was sald that & ma
jority of the local men had less corn at
the last than for severil days.
TEXAS RAINFALL. o
NEW ORLEANS Nov 13 ~~Ralnrstl
aversge for Htate gs Texns for Fehruspy &
wiad 1,97, which is 04 above normat L
et AR 1
length of 321 miles, exclusive of atd.
{ings and second track, engineers w hao
| have examined the line say that the
{ri-nnmgu sustained amounts to over
‘xm,m)n_wu‘o, Fortunately, some of the
most costly of the bridges have beai L
pregerved from destruction. ¥
The outlay upon constructing hod
texceeded $30,000,000,
UNCLE SAM
BREAD