Newspaper Page Text
Belated Income Tax Payments Swells Bank Clearinss Here to Nearly $14,000,000, or Second Greatest Total on Record
BAD WEATHER BUOYS COTTON:
NEW CROP WORK IS DELAYED
By VICTOR BARRON.
Atlanta bank clearings Monday...... ... .... ...$13,851,836.43
BN duy laat your -.. ... a 0 Ll oo NN 68
BEMTINAI oo ...$5,125,214.80
g&mednyla.stweek s o nln hwsa T ks Lol SR, B
ame day 1917 ... ... eregiess te ween waean 4,429,473.33
Atlanta cotton statement:
- 1919. Last week. 1918. 1917.
S o 685 743 Qoi
Shipments ... ..... 449 106 456 438
Stocks.. .........24814 24801 53941 72,500
L, 1900 500 1,223 ;
* * ¥
Atlanta’s income tax payment on the last day—Saturday-—aggre
gated several million dollars. Monday's statement of the Atlanta Clear
ing House Association showed that clearings through the local national
banks Monday were the second greatest in history of this city, aggre
gating $13,851,836.43, as compared with $8,i26,621.63 the same day last
year, a gain of $5,125,214.80.
-For several weeks clearings on Mondays have averaged slightly
more than $9,000,000.
Officialg of the clearing house said they never before handled so
many checks, and they attributed the huge day’s clearings to payment
of income taxes Saturday.
The high record for clearings was on January 6, when business to
the amount of $!4,022,838.70 was handled by the clearing house. The
high mark previous to that total was on October 10, 1918, when clear
ings amounte to $13,790,041.84.
1 * *
swift. vbgkqj taoETAOIN taombfwyp tamfwyp taowy taocmfwyp taomfw
Cotton continued its rise Monday, with trading active and price move
ment swift. Stirred by dectdedly unfavorable weather, together with strong
Liverpool cables, better dry goods situation and the protest by the Associa
s tion of State Farmers to Washington of theAllied Cotton
";.:’.»% Purchasing Commission, charging that they suppress
,f-.\" individual comnpetition, which was followed by a cable
** 55 gram being sent to President Wilson asking him to de-
S : mand that England, France and Italy abolish these com-
H geese o missions, the market scored a material gain on the
FYN ‘ opening and immediaetly established further gains.
A e Liverpool and commission houses were active buy
’Q : * M ors at the opening in New York, which was 75 points
‘Q\W K hicher to 25 points lower on old contracts, while new
> w @ options started 23 to 50 points higher, the latter being
3 g in strong demand with offerings light. Before the end
g of the first thirty minutes of trading old contracts had
éx risen to a net gain of 55 to 75 points, while new styles
L exhibited a net gain of 53 to 60 points, with July in the
T lead, Ma yreaching 25.20, July 23.70 and October 22.-8.
T Values at New Orleans at the top displayed a net gain of
e——sesessews 30 10 71 points on old and 41 to 59 points on new.
During the late forenoon a wave of realizing appeared, causing a small re
action from the top levels. Offerings were readily absorbed.
The weather map showed heavy rainfall in the central belt, east Texas,
Tennessee and Alabama. Indicctions oint to clearing and colder over the
western and central belts, but more rain in the Atlantics.
CHICAGO, March 17.-—-March corn
reached a new high level shortly after
the opening today, touching $1.50. The
previous high was $1.48, reached Satur
day. There was a rush of commission
house buying at the start which led te
an advance of 11-4 to 41-4 from the
previous close. Trade was active and
mixed, with unsettled weather the in
centive for early buying.
Oats started 1-4 to 3-4 higher on scat
tered commission house buying - and
scarcity of offerings. The volume of
business was moderate due to the lack
of sellers.
Provisions offerings were scarce and
little business was done, although max
imum prices were bid for May and July
lard,
Heayvy demand for corn sent March to
1.61% during the late forenoon, 3% cents
net higher. May reached 1.42, July
135& and September 1.31 3-8, The low
on March Saturday was 1.431%.
Oats recorded a further gain, with
May reaching 64%, 23-8 net higher,
July rose to 63% and September 60.
Provizions were 95 points higher on
pork.
Grain quotations:
11:30 Prev
Open. High Low. AM Ciose,
CORN
Mr. . .149% 151% 149% 151% 147%
MWay. .. 1390 142 180% 111% 1381
July . .134 1861 184 1356% 1323
Sept, 130% ' 131% 1303 131% 127%
OATS-=
B oo 61
May . 833 64 63% ody 61%
July 3% 631 2% 63% 62
Bept 9% 60 69% 60 58%
PORK
May 456.70 45.70 45.70 45.70 44.15
July . .42.70 42.70 42.60 42.80 41.75
ARD
May . .27.65 97.66 27.56 27.566 27.06
July 27.105 3RIO 27.10 27.10 26.60
RIBS-
May . .25.10 28.17. 25,10 26.17 24.63
July . .23.86 83.87 323.86 23.87 26.37
]
LWAANW,NM~WMW
CORRECTED BY HERRY COHEN,
V. S, Food Administrution License No,
G-27360.
Nitrate of soda, 95 per cent, promapt ship
ments, 4.30@4.42% ex store or ex veasel,
Bouthern ports.
Sulphate of ammnonia, bulk, prompt
lh‘l{mwnu 5.00 c. a. f. Southern points
rona potash muriate, 40 per cent K2O
prompt shipments, 3.70 per unit avallable,
Your station.
Nebraska potash, 22 per cent@23 per
eent, K2O, prompt deliveries, 4.00 per unit
B a. 1. vour station.
Acid phosphate, basis bulk 16 per cent
&t 15.00 Southern ports, 16.00@16.50 inte
rior points.
Cyanamid, February, March shipments,
;;1‘ per unit, ammonia, f. o. b. Niagara
alls, N Y.
Packer's high grade tankage (ground),
5.90, 10 cents bulk, f. 0. b. Chicago.
Packer's high grade blood, 6.00 f. o. b,
Chicago,
Bouth American blood and tankage, 6.00,
b, Baltimore in bags welghed in gross for
Tobaceo stems, 600 per unit, Ammonta
4.26 per umit, potash freight to be allowed
your point #in bags, bags returnable.
Lime stome, 260 f o b Kuoxville,
Tenu.
AMERICAN HIDE & LEATHER PLANS,
American Hide snd Leather Company,
#t is understood, pluns to anticipate its
outstanding bonded indebtedness maturing
Beptember 1, 1919, After allowing for pur
chase under the sinking fund, a total of
$2,625.000 bonds will be due as of Sep
tember 1 Thecompany has a surplus of
cash on hand and is in & position to buy
up bonds in advance, at par and interest
Elimination of the sinking fund pro
vision of the mortgage indenture will save
$660,000 a year. This sum is equivalent
to ahout B 3 per cent on the §512,500,000
proferred stock outstanding
Total resources of $754,422,017 are
shown In the financial statement of the
Guaranty Trust Co., as of February 21,
919, Compared with the statement as of
March 14, 1918, the nearest corresponding
date Inst year, the resources show an in-
Crense of 851,680,789
Potal deposits on Februsry 21, 1019,
Were $082,218,167 On March i 1918
the deposits aggregnted $517,362.118. The
Inerense in deponits in the period indicnted
wWon th we,, 44,580
Following shows the rainfall at
leading points: OKlahoma City, .04;
Galveston, 02; Palestine, 1.08;
Shreveport, 1.12; Memphis, 8.94;
Vieksburg, 1.10; New Orleans, .52;
Mobile, 2.58; Meridian, 1.58; Nash
ville, 4.44; Houston, .71; Birming
ham, .68,
With rainstorms coming on the At
lantie, crop preparations will be se
verely delayed. Already new crop
work is from five to seven weeks late
in most sections. The weather sit
uation at present is one of the
strengest bull arguments overhang
ing the market, especially as it fur
nishes a twin mate to the acreage
reduction movement, which daily is
growing more pronounced. Still New
Yorkers circulate - propaganda that
the gcreage reduction movement is
a hlafl. 1 quote from the weekly
review of one of New York’s largest
financial houses: “And cotton plant
ing wil proceed on an increasing
scale frem now on, How absurd!
e A Attt i .
A A A A A A ANN S
(Corrected b} Cone M. Maddox.)
Administration License Number G-06583,
3 Apples.
Bvdporated, 50-Ib. boxes .. ........ .18
Baking Pewders,
Bucosas, B 8 PR L iiivondiies 08
Bumford’'n 1 20und . cicissnersne REB
Rumford’s, % pound .......cooeev.e 3,96
Bran.
Pillsbury's Medicinal Heaith Bran.. 1.50
Beaus.
California_Limas, 100-pound bags. L 09%
Canned, 24%5, Strin€ .......... &80
Catsup.
Bull Head; 24 R-ounce .......... 800
Royal, 36, 6-ounce .............. 420
La Creme, 24, 8-ounce ............ 300
Cereals.
Post Toasties, 356 packages ...... 4.10
Kellogg's Corn Flakes, 36 packages 4.20
National Corn Flakes, 36 packuges 3.60
Krinkie Corn Flakes, 36 packages 3.40
Grape Nuts, 2 dozen packages .. 285
Plllsbury’s Vitos, 1 dozon packages 2.20
Usconnus,
Arbuckle's, 100-Ib, cases ......... 27.00
Arbuckle's, 36-Ih. cu5e5........... 237.59
Blue Ribbon, 1-Ib. CANS.....eosevss .38
Parfection, 1-10. DRER.. ~ . sssssvise . 88
Compound.
Lard Compound, 60-pound tubs. ... 24%
Snowdrift Lard, 6-88 ............ 13.26
Pnowdrift Lard, 12-48 ............ 13.5¢
Flour.
Sweet Marie, Belf Rising, 24-Ib.
sacks e TN
Bweet Marie, Self Rising, 42-Ib.
sacks ... ST e A L
E-Z Bake Plain Patent. 24-Ib.
DOORE ;sini i v et awbasd ke w3OO
E-Z Bake, Plain Patent, 48-Ib.
BOURS ißt s IR
Pillsbury’s Best, 24-ib sacks. M. ... 12.76
Cern,
No. 2 Stapdard, 24 Cans.......es+. 3456
Kraut.
Houghland's, 24 2%8 . ......0000 800
Milk.
Carnation, 98 6-ounce can 5..,..... b 6.80
Ournation, 48 10-ounce can 5...,.., 6,28
ime Brand, 48 li.oz, can 5....... 6.25
Eugle Brand, 48 15-02. can 5....... 9.60
Mince nent.
Atmore's l-pound bricks ........ .20
Atmore's Condensed, 25-pound kite .18
Union Cooking Oil, drums ...... L 66
Wesson, 24 pints .. Zito v VRO
No. 2 Geergia Table Peaches ...... 3.60
Maocareni.
Red, White and Blue, 6 and 10¢ .. 190
Bulk, 20-pound HOXeB ............ A 3
OiL
WaEOn, § IEN i idaiinvinie T
WORIN, 34 DINLE . .oiviicisthvnree TBO
Wesson, 2 S-gallons . ......ccoooe. 19,00
OCkra.
24 No. 28, Dwarf, cantied ......eO.O 3,28
Peaches,
No, 2% Georgia \Pie Peaches .... 3.60
Molasses,
C-0. Louisiana Molases, bhi5........ .36
No. 12, New Orleans M01a55e...... .39
Mustard.
84 T-ounce JAFS ... ..ieiiooooo ‘.lO
Libby's, 24 B-OUNCE ......cvooooses 3,00
Oatmenl,
Purity, 18 round packages ........ 3.00
Fruit Jars.
Half gallons, per gross .......... 11.80
3&‘”“‘ Per ETOMM ....chsesnvnsrse 940
th, PET Brose ... iicecesinviese 9,00
CRPN, DOF BRI« csicovissssvivess Dl
Rilngs, Do EPOBS ..o ervsstnsvnes 5
Hominy.
Hougland's, 34 B%e . .......ivuvee 5,40
Peanut Butter,
24 B-ounce jars, Kellogg's ...... 4.40
Pean.
No, 2, extra sifted, 2 dozen ...... 4.78
No. 1 Sleve, 24 25, N, Y. State ..., 670
No. 2 Bleve, 24 28, N. Y, Btate .... 85.46
California Blackeyes, T4«lb. bage... .08
Pepper,
Durkee's, Dlack Ground, 6or 10e.. 4.00
Bee Hrand, 10, Black Ground .. 3.60
Black Ground, 16-pound pails .... A 0
Pork and Beans,
Van Oamp’s, 48 18 ... 0 ivsiess B 0
Salnd Dressing,
Durkeg's Plenic, 248 ........00v0es 308
Durkee's Medium, 48 . ......ev... 6,90
LADhy's S 8 PODMIRE | isvecsasnsors 8388
HELIMARKETS AND FINANCIAL
\
NEW YORK, March 17.—-The ootton!
market opened very steagx with new
contracts furnishing the trading feature.
Under active Liverpool and commission
house buying they started 23 to b 0
points higher with offerings limited.
The old contracts were, as usual, very
irregular, March starting 76 points hlglh |
er, while the other positions s)l¢'er‘
to 2§ points lower. After the opemns‘
the market cownued very strong an
active, with n contracts moving up
to 25.20 for May or an upturn of €0
points over Saturday's close, Old con
tracts rose 66 to 76 net.
The market held strong during the
late forenoon, realizing sales being read
ily taken.
New York 11 a. m. bids to Liverpool
wers: Old, Mv 24,20, July 23,05, October |
21.76. New, May 25.05, July 23.50, Octo
ber 21.75.
New Orleans 10 a. m. bids to l‘lvel;gool]
were: Old, Ju;g' 23.41, October 2 .95.‘
New, May 25606, July 23.54, October
21.52. l
NEW YORK COTTON.
Old_Contracts, |
| | | 12.30] Prov.
Open|High| Low|P. M.|_Close.
Mar. . . .[27.00(27.00/26.70/26, 75|26, 26-50
May . . .}24.00{24.50/26.70/24.40(2324-56
July . . |B2 solzs,loLzz.xum.zotn.ao-oo
Qet. 5 .l:l.osln.l 121.05]21.75!:13& |
*Dec. . . .122.10122.10(22.05(22.05(2160
e saped 00l ....!21.30
New Contracts. ‘
MNay ~ .\‘_’4.RHHG.IOIN.SBIIG.OU]ILG!-'IO‘
July . . .123.60/23,70123,47)23,47/23]10-18
oot ~ 41221‘0122.1& 21.95’!1.95:31.!\&75
Dee, . . .[21.95{22.00(/21.80{21.80/21.50
Jan, . . .121435“2.00 21.85/22,00{21. 46
NMEW ORLEANS COTTON.
Old_Contracts,
| 112:30f Prev.
Open|High Low |P. M.| Close. _
Mar. . . .126.60/26.70/26.58/26.58]26 %-25
May . . .[35.00{25.00{24.75(24 90/24 50
July . . ..23.50/23.59(23,41/2358]2310
Oct. . .’L‘l.i!l !fi).‘.’.YV‘_‘i)‘RMZOABIGJZU.M'-OW
Dec. . . .120.51/20.60{20.37/20.60{20.25-35
New Contracts. S
Mar. ... J f , I . 05.126,75-90
May . . . [25,.20(25,23/24.93/24.903]24.72-75
July . , .123,76{23,76/23.42{23.42]23,1722
Oet. 4 % .’2].75'2!.75'21.45.‘21.50‘21.16-17
Dec. . . .121.27|21.27]21.16/21,15/20.86-90
LIVERPOOL COTTON. ‘
LIVERPOOL, March 17.—Cotton futures
opened quiet today; spot quiet; prices
steady; sales 3,000 bales., American mid
dliing fair, 17.72; good middling, 16.39;
middling, 15.76; low middling, 14.71; good
ordinary, 13.19; ordinary, 12.66, ‘
Prev. |
Open. Close. Close. |
March.. .. . ..16.34-16.43 -16.38 16.33
April.... . oo ..15.68-15.70 15.63 15.63
May .. .. o -.1433-14.36 1430 14.29
Junme .. .. s +.14.30 14.10 14.10
[ JULY .5 oo ws os 183.43-13.07 1389 13.38
| August .. .. ~ ..13.72-13.73 13.64 1362
September .. .. ..13.83-13.60 13.42 13.41
R i
ATLANTA COTTON SEED PRODUCTS,
U. 8. Fixed
Descriptions— Prices.
Crude oil, basis prime ..,.ese.vess A 7
Cotton seed meal, p. ¢. common ..$65.00
Cotton seed meal, T p. c. Geergla
common cate point .........0..... 85.00
Cotton seed hulls, 10088 ............ 16.00
Cotton seed hulls, sacked ........nominal
Linters, clean mill run ............3 467
ATLANTA COTTON DIFFERENCES,
‘White.
MIGAMBE: TRIP in. ... siinees 108 OO
Strict Good "Middling ........0.5..138 on
Good MIAAIINg .........¢.00000et..110 o 0
BIIGL . MUSIIRE . o sy rnninibonrsss B 8 OB
MIGHEIE &.c vkt bste bakpyarss s« BaNe
Striet Low Middling .............220 off
Low Middling ...........<...000..600 off
Yellow Tinged.
Gool MIRGHNR . 1.5 7. i eavsicesl]s oft
Strict Middling ..............0003+300 off
Yellow Stained.
Gobd MIGALUDE . ov..:v 0.5 evasveaiedOd off
‘ g .
Cities Seivice Earnings
‘ v g
-~ Show Good Gain in Year
Gross income of Citles Servige Company
for January, 1919, was $1,853,5698, while
net income avallable for dividends, after
payment of expenses and interest
;leuruus, was $1.683,569. After providing
‘l'ol‘ preferred dividends there was left
a balance for the month available for
dividends on common stock, reserves and
surplus of $1,344,059,
Fer the twelve months ended January
31 gross income cf Clties Service Company
was $22,103,203, compared with §19,429,
‘K.M for the preceding twelyve months, with
net - income after payment of all ex
‘p:-nws. taxes and ‘nterest of $21,169,685
The balance available for dividends on
‘\he common stock reserves and surplus
for the twelve months was $17,127,808,
| compared with $15,201,332 for the twelve
’monms ended January 31, 1918,
. . »
Sinclair Gulf Co.g Net
~ Before Taxes $5,000,000
- Binclair Gulf Corporation and subsid
iary companies combined net earnings for
1918, after deductions of interest and dis
count, will amount to approximately $5.-
000,000, out,of which must be provided
depletion, depreciation and Federal taxes
The report says
During the year subs ®agy companies
produced 5,833,766 barrels of crude oil
and sold 7,367,196 barrels
REVUBLIC RUBBER.
| Annual teport of the Republic Rubber
| Corporation for the year ended Decems
ber 31, 1918, shows as follows: Gross
snles, $15,749,627; opernting expenses,
1 $14,180,460; balance $1,660,167; other ine
| COMm $16,943; total income $1,5677.110;
plant depreciation and interest, $576,007
net profig. $1,002,103; capital stock issus
expense and Federal taxes, $390,190; suss
plus, $602,913
l ST. LOUIS LIVE STOCK MARKET.
ST. LOUIS, March 17--Cattle: Receipts
6,500 Southerns, Market steady Native
| beef steors, 11.50@18.50 yearling bheef
| gtoer nd heiters, 9.60@16.00; cows, 10.50
@ 13.50; stockers and focders, 100 G 13,60,
enly e 7760 18.00; fair to prime yearling
} beef steers, 10.00@18.00; heef cows and
heifers, 7.50615.09;: Southern prime yearl
| Ing steer «nd heifers, 6.50¢08.00
Hog Recelpts, 18,500. Market 16 to
i_’m lower Mixed and butechers, 19 006
19.60: wood, 19.40@19.60; rough, 15.00@
’ 17.95. lghts, 1880619 40; pigs, 16 00
17.76 1k 9004 1950
| Wheeg Heceipts, 750, Market steady
Ewes, 58.50@11.256; cammers and choppers,
} 00@ 9.00; lambs, 18.75@19.25
| Salt.
Ozone, 28 2-pound packages ....., 1.00
Chippewah, 100-pound bags ...... 117
Baker's Salt In barreld .. ...00.0. 428
r Sardines,
14 Oil Keyless, 100 cans, .v.vuuvevs 6,00
14 Mustard, Keyless, 1008, ........ 6.00
1% Oil Carton, keys, 1008,.......4.,s T 7.86
Sonp.
Clean Knny, 60 bArS. ...\ iiiviavees 388
White ROSE ~.....ccisvssnnnenes 6,80
Soup.
!l‘unlph(‘ll'l TOmMAto .i.vsvnresees 488
Postum,
1 dozen large, rogulae ........sss 3528
2 dozen small, regular ............ 870
Ansorted, TegUIAF ......ovevsvesss 3.50
1 dozen large, Instant .......000.. 460
2 dozen small, Instant ~...i000ve0 5.40
l Assorted, IBStADt ... .....ceoevee 6.00
Syrup.
Eagle Brand, barrels .......... .1
i[l‘urn y Bugar Byrup, Hght ........ a 6
Refiner's Sugar BYPUP . ....ovniss 86
Alaga, 5-108 ... .o iieurinernrsees 6.00
Alnga, 12-B8 .sissveccavesnsscces 8.3
Alnga, B-IWE s oisnvcnrisnvesnesses 100
Bonita, *6-108 . .ovovivuniivenesss 500
Bonita, 1288 ...csieniinirsenese 8.268
Bonita, 45-1%8 .cccosssvacivisnsse 600
Fairday, 45-148 .ccivivsrssscrees 540
Falrday, 4518 . .ciiiivinvpniese 440
Starch,
Argo, S-pound packagen § to case, 07
White Fish.
100-pound kegs, Luke Herring ..., 8.88
80. pound kexgs, Lake Herring .. 6.45
| §-pound kits, Lake Herving ~.... il
All goois quoted f. o. b, Atlanta, Geors
gin, net cash
I Vienna Snusage,
Livby's. 3618 i He sy 4.00
New York Stock Quotations |
12: V.
_smocks— ___'ynignLow 1 b |Closs
Allis-Chalmers ~ .| 358 | 34% | 34%/| 36
do rnt. o AN e %
:mn.!ncl. sooeaal o s e “"l‘
nn. All- . sna] sias) seps] suaa
unn, B, Sugar . | 76%] T4%| T 4% 3&
do_pref. . . x|. Lo 86
Amn, H. and L. ..} 18 | 17%{ 18 18
Amn. Can . ...| 47%]| 46%4] 47 7%
Anmn. Car Fdry. .| 60 | 59%| 60 90
Amn, Cot. Oil ...| 46%| 46% C‘a 45
Amn. Toco. ... .| 67%| 668%] €7 67%
Amn. Smelting . .| 66%]| 6815] 865 66%
Amn. Steel Fdrs. .| 83 |§l 81 80%
Amn, Bugsr Ref. .1 .. o 0 v 18
Amn. T. and T. ..[lO5 [lO5 (105 |104%
xAmn. Woolen . .@ 56 54% |55 66%
Amn. Linseed . .| oo el vini] 46%
a 0 Pref. v v oo el gdivl il B 9
At. G, and W, L ..{ll6 {ll3 {ll4 [116%
do pref. . .| 97 | 95%} 96 97y
AN TV, A oihivi ] i . lINO
Amn. Sum. Tob. ..[115% 113% 115% /114
Amu: Ton L, .o sastneeb dn ]l 418
Amn. W. Paper . ] ....] ....] .0 ] 3TH
Alaska Gotd o f .. [ el 3%
Anaconda . \.. .| 60 | 59%! 60 | 40
Atchison . . ' . ..ofa] oG] 9%
Baldwin Loco. . .| 88%] 86% | 881 87%
Bel. oalS OBIS" . 3. i g 88
Booth Fisheries . of ~..] «...] ....} 19%
Beth, Steel ‘pref. . ....0 ....] o 0 ]104%
Beth. Steel B . .| 65%] 65 | 65% ) 66
Brook.. R. T. . .| 23%! 23%| 23| 323
Botts Puperige . ] ... .F swl 188
Os) Petrploum. . ¢\ il ol il 8%
W 0 Prefi’ ) s AV N b
Can. Pacific . ... stk X ianl ws v B
Ches. and Ohlo . .| 88%)] 68| 683! 884
R B R AR A RSR B
Col. F. and 1. . . 44% 42%| 4334 43%
C., M. and St. P, . | 39%/! 39| 39%] 37%
do pref u o 5 ‘ sl THIE
Chino Copper . .| 32%! 33%! 33%! 33%
Consol. Gas . . ’; 94
Corn Produects . .| 61 SO%! syl 501
Crucible Steel . .| 68%] 671 671 67%
Dubhal AY Bugar «il 00l Ll o
Duban U 8 Puper s il il iy il 8%
do pref. . . .| 74 74 74 73
Chile Copper . .| 18 18 18 183%
Chandler Motor . . | ....[ .. v... 188
Columbia Gas . . . l t 5%
Dol a 8 Bul . o] .o canilisa 108
Dist. Becurities . .| 65 | 65 '66 | 643
mefe . . .o, cop o T ATWEITWE 1N 1%
do pref. Ist . .| 20%| 20% l’%‘ 29
S 0 PP B 8 ag il i A
General Eleetrie . .| ....| ....] ....J165%
General Motors . .|165%]161 [164 1651
Goodrich Rubber . ‘ 87%] 61%} 67%! 67%
Gt. Nor. pref. . .| 93%| 93%! 93% ! o 4
Gt. Nor. Ore . .| 43%] 433%| 43%] 43 |
G Wantern C o o)t aa ' 8%
Gulf States Steel . . ...} ...y} ....] 66
T Oantrnd: o a fiaist enal 12108
Insplr. Copper . .| 45%] 44% | 45% ! 46%
PHtOTRN b Al v illteias B
S ol e ok Y il sl TN
Inspir. Copper ...| 46%| 44%| 45%| 48%
Intehoro .'.. 45k o einE Sk A atie l:a
OO B 56 i it sl Siae
Ind. Aleohol . {142 [138%[140% (140
Int. Niekel , .....| 26%] 25%]| 25%| 26%
Int. Paper .{.... 45»;% 45 | 45% | 45
WA Oy Bal™. i 1 iviili.<.il css 1 9
Merchants
Are More
Confident
John V. Farwell Company, of Chi
cago, in its weekly review of the dry
goods trade. says:
“A survey of the dry goods and
general merchandise sitnation shows
greater confidence, White goods and
wash goods lines are moving satis
factorily, with good reorders coming
in. Reports from some of the leading
retailers of the Central and Western
States show that sales since the first
of the year have been very good.
“Merchants who kept their stocks.
well assorted and pushed business
since the armistice are now taking
on new goods as offered by distrib
utors and are looking forward to a
good spring business. :
“Fall lines of blankets are being
shown. The new reduced prices are
inducing advance business, Hxport
business is improving. Silks are ac
tive, with moires holding a leading
position for the season's selling with
indicaton of the popularity continu
ing throughout the fall season, <
“Collections are good. Merchants
have been in the market in about the
same number as corresponding period
last year.” ’
et e e ‘
> ‘
:
FINANCIAL NEWS |
AN RA s R,
American Smelting Co. earned $5.67 a
share on the common stock fn 1918 versus
$22.59 in 1917,
Y.
Studebaker Corporntion earned $10.38 a
share on the ¢ommon stock in 1918 versus
$9.11 in 1917,
» s e
American International Corporation
earned $7.44 a share on its stock in 1918
against $7.49 a share in 1917,
- . .
Leaders of Mexican Chamber of Depu
tieg say ofl laws will be cmnplfllal( Toe
formed soo as to protect rights of all com
panies co-ordinating national and co-op
erate interests. ‘
ATLANTA PROVISION MARKET.
(White Provision Co,, U, 8, Food Admin
istration License No. G-21371.)
Cornfield hams, 10 to 12 average, 34e¢.
Cornfield hams, 12 to 14 average, 33%ke.
ALornfield skinned hams, 16 to 19, 36e.
Cornfield picnie hams, 6to 8,24 c.
Cornfield hreakfast bacon, 46e.
Cornfield sliced bacon, 1-Ib, boxes, 12 to
case, bie.
Grocers’ bacon, wide or narrow, Ifc
Cornfield pork sausage, fresh link or
bulk, 22¢,
Cornfield wieners, in 10-Ih. cartons, 22¢.
Cornfield wieners, In 12-1% kits, in
pickie, 328,
Cornficld Bologna sausage, in 28«1h
boxes, lil‘,%r-,
Cornfield smoked ifnk sausage, in 25-1 h
boxes, 18 ke
Grandmother's pure leaf lard, in tierce
basis, 32¢
Country style pure lard, tierce basis
Ste,
Compound lard, tierce bagis, 24%e
D. 8. extra ribs, 20%¢
D. KB Bellles, medinum average 320,
D. 8, bellies, light average, G
ATLANTA LIVE STOCK MARKET.
(Corrected by W, H, White, Jr., President
of White Provision Co., 1. X, Fomd Al
ministration License No, G-21171)
Good to cholce steers, 860 to 1,000, 11,60
@11.60; good steers, 760 ta 60 10 00@
10.50; modium to good steers, 660 to 760,
D.60@1000; medium to cholee beef cows,
760 to 850, 9.00@H.50; medium to good
cows, 660 to 760, 7.60?&,50‘ good to choice
helfers, 660 to 050, 7.5088.650 1
The nbove rrxrnnrntn ruling prices for
good qunlity fed eattle Inferior grades, |
dairy types and range cattie quoted below:
Medium tg good steors, 700 to KOO, ¥ 50
@O00; medium to good cows, 600 to 700,
76068 50; mixed common cows, B.oo@
7.00; good fat oxen, 150@K60; good
butcher bulls, 7.00@9.00; cholee veal
ealves, 7.00@9 00; nnrllng-, a.our,x‘y 50, 1
Prime hogs, 106 to 296 14.00014.60;
light hogs, 130 _to 165, 13 ohgn.w; heavy
pigs, 100 to 130, 120041250 light pigs,
80 to 100, n‘noqu.oo,
The ahove applieg to good quality mixed
fed hogs ‘
PEERLESS TRUCK AND MOTOR, ‘
The Peorless Truek and Motor Corporne
tion has paid for and ocanceled approxi
mately $2,300,000 of ita 35000000 ¢ per
cont convertible note imwue Anted Novem
ber 10, 1816, and due in 1925, Cash In the
treasury I 8 equal to the remalning out
standing notes, amounting to about $2,.
700,600 T™he company Ix deiug an excep
tionally large husiness, and passenger cars
#oldt this year will probably establiish a
new hivh record
12:30 Prev,
STOOKS— High| Low.|P. M |Ol'se.
CRYsBDE. o wisie] 00l sune coei jIION
Kennecott . o , o +f 30 30 30 W
lx.n‘cr.huv:h. se[ 60 169 |6B ::;g
hig s el h i e
k‘ and N.x. s il sk li;
axwell Motors . .
do. Ist pref, . .| 67 67 | 67 veas
do. 2d pref,., .| 30 !0“' 30%| 3
Mo. Pacific (new) .| 24 2 24| 4y
Mexican Petroleum [187% 18064 ll?& 184
Mari®., . . b s Ila 26| 26 354%
do.&hl‘ ce S |llO% 10805 (109% 1110
Miami BPAF .ißk i e saed SASR
Midvale Steel . . .| ¢435] 44 41 44
Nationnl Enamel o ..o} ...] «.:.} 18
B 0 PERE: & o AL el eo] Sl BE
W XOBO . ¢ Flniicl o] coni] TR
N N B &) ivaofarre] covnl @
National Leoad .l cooi] M| vove] 88
Noßna W< .G at ....mgu
Northern Pacitic.” .| 82%] 925 92%] 9
Nev. Con. Copper .{ ....| «.es} sos.| 16%
N X Alrbrake | .10l s iib o gve 18
Ohio Citles Gas . .| 38% 3!%! 30| 384
Pitts.-W. Va. Coal ’ 364 ua 388! i...
Pan-American Pete| 82 81 ' Kl% | sO%
Paeific Mall . .}, . Jflk 33& 3% ...,
Pennsylvania . . .| 44 4 4%
Plerce-Arrow . o o sysad el 0] 48
Peopla’s Gas o o | ,vies com) 5...] 49
P Steal OBF . . .]'..o4] .5t O%
Pittaburg Counl , . .| 49 [49 |49 | 48
Pierce Off . . . . .| 18%] 18%/ 1845| 18
Pullman Company Sißal K iial sisal el
Ray Consolidated .| 19% ] 19% | 19| 1§
ReSding . . .o 3% | 833 83
Royal Dutch (old).| 933 | 92%| 933, 92
Ri 1. and Steel , .| 81 804 | SO% |Bl
aa. Pref.. o Socin ki iee seve . [ 10N
Rolk Intand . , & o ovadvaved wive] 28
G Pral. &ioyT B R kel A Z'l
Ao, pral B . ] il okl il 98
Ry, Bteel Bprings.| ...} ...} i 22
Sears-Roebuck., . f ...} veva] v.,. 173
Blosa-Sheffield . . .| ..oc] sooof soe.] B 4
Southern Pacifie » . lOlk XM& 1611102
Southern Railway .| 28%| 28§ 28%] 28
80, pref.. g relib et LST W
Studebaker . . . .| 64%| 633 64%| 68
P Pel, - O ittt L it B
Sinclalr Ot .. . 143 41 0% !Dn
Tobacco Products .| 87%| 87 87% |R7
TR SR &L d ikt il BN
Third Avenue . o of veoof cooaf ... 18
Teeam Ofl . . &5 . 2\1%\2!1&‘213\ 200%
Texas Pacific .. .| 33%/| 328 33y | 32%
Ulited TVut . v o] saolaenst ceosnTs
Union Pacifie . . .1120 (129 (129 (129%
05 Pref.- ~ o oF ot seset it 18
U. 8. Rubber , , .| 864 848%| 851, | 80 %
u. S(.l Steels. eoo 961 BN 8B 1:5
0 R, s b i
U. Cigar Stores . .1135%{133%!136% 138
Utah Copper . . .| 69%! auu‘ 695 | 69
&n.&huhfimmul. . 6:% Sg i: 6'.!“
al B R
do. pref. A . .| 3¢ 3.1%" 33% |34
Western Union . .| §B% 38& SBk | RB4
Willys-Overland . .| 29%| 18 | 29%| 28
Westinghouse . . .| 46%| 40% | 45% | 46%
White Motors . . .} ..., l =2 viul B
Wilson Packing Co.! 77 7 77 76
U. 8. Lib. 3%s . .95 06]98.00619%, .80
do. Ist d4s . . .194,40/94 .40/94.40] ....
do. 2d 4s . . .93.74'83.74/93.74/193.78
oAR s s .lss.wg& 16 95.16(95 24
do. 18t 434 s . .194.64/84.64/94.54/94,50
do. 24 4%s . ./93.78(93.78!93.758/93.80
‘ do. 4th 4%s . .[93.92/93.92 93.92/93,.94
L xEx-dividend.
Fifteenth in
Clearings
Atlanta ranked fifteenth in the list
of bank clearings last week, accord
ing to Bradstreet's weekly report.
Clearings in the United States for
the week ending March 13, aggre
gated $6,296,886,000, against $6,861,-
054,000 the previous week and $5,615,-
811,000 the same week a year ago.
Canadian clearings totaled $194,5647,-
000, against $201,747,000 the previous
week and $168,637.000 the same pe
riod in 1518, s
Following are the returns for last
week, with percentages of change,
as compared with the same week last
year:
March 13, Ine, Dee.
New ¥York ......93,661,033.000 17.3 ....
Chicale ....,.. 516,870,000 ... 7
Philadeiphia ~.. 380,799,000 5.8 +iss
PO i iiein 265,126,000 7.9 5
Kansas City ..., 180,062,000 .... 10.23
Bt. Louls ..,,,, 145,043,000 .... &.1
Pittsburg ...... 114,266,000 81.8 ....
San Franciseo .. 113,126,000 A v
Cleveland ~,.,. 81,338,000 24.7 ....
OMBhA . siineys 71,083,000 | R
Baltimore ...,.. 103505000 37.8 ...,
DOlrolt .oy inis 64,400,000 39.2 ...
Cincinnati ....,, 60,312,000 16.4 ....
New Orleans .., 53,617,000 ... .6
ATLANTE .. 6y 49,220,000 6.8 ..,.
Richmond ...... 46,683,000 27.3 ....
Minneapolis ... SRS 000 .l susa
SOtEle . ...visin 32,040,000 6.4 ~.,
Los Angeles ..., 36,388,000 31.8 ...,
Milwaukee ...,.. 31,863,000 8 ..
Portland, Ore. .. 27,400,000 21.1 ..,
Louisville ~..,. 20,137,000 ..., 26.3
BUITEIS. . onsner 19,386,000 s sene
SURVOP . iiciens 26,133,000 21.6 ....
Bt. Joseph ..., 19,996,000 ... 16.1
Bt. Paul ...4.000 17,403,000 17.56 ....
Houston ......., 16,162,000 ... 1.4
Indianapolis ..., 13,166,000 ... 6.1
Nashville .....,. 16,787,000 38 L.
Memgphis ... ... 17,363,000 16.9 ....
Wash'nton, D O, 15,611,000 17.38 ...,
Salt Lake City, 13,003,000 B¥ v ehy
Fort Worth ... 15,068,000 ... 9.8
Providence ...., EOIRNO% ... B
Columbus ...... 33043000 13.8 ...
TN .. 115000 ' 3%.¢ “.via
Des Moines ..., 13,665,000 2.3 ...
ORI e 9,683,000 15.7 ...,
Duluth Vi ek VA 4,492,000 3.3 veee
Oklahoma ...... 10,601,000 5.5 ~,.
Wichita ... e 11,489,000 23.8 ~..
Bloux Oty ...... 13,391,000 17.8 ...
NOPPOIRE . s.niviin 7,334,000 ..., 20.9
Bpokane ........ 7,683,000 ..., 3.1
ll'nrlford srad ey 7,380,000 e
Rochester ...... 7607000 11.8 ...
Bavannah ...... 6,464,000 ... 18.9
Oakland shiden 7.993,000 37.% ....
RO 5. iaeiive 7,257,000 49.6
Galveston ...... 65384,000 ..., 1%7.%
Total, U. 8..,.86,200886000 312,17 ....
Tot. out N. Y, 2,745,864,000 6.0 ....
A A AP AN NP A
Port receipts Monday estimated uat 16«
000 versus 15,474 last week.
- - .
Weekly forecast over Bouth Atlantie
nnd East Gulf States is for frequent
showers and temperature above the nors
mal. In the West Gulf States normal tems
peratures and oconsionnl showers,
. . .
Liverpool was due 4!, points higher on
May and 19 lower on July The market
opened wtondy wt 4 to 1S points higher
At midaay the market was quiet hut
steady at a net advance of § to 10 points,
. - .
New Orieans wires: "Association of State
Farmers, agaln protests to Washington
ngainst the continuance of the Allled (ote
ton Purchasing Commissions charging they
suppress individunl competition A eable
grom was sent President Wilson asking
him to demand that Kngland, France and
Italy abolish these couiinissions.'
NEW YORK PRODUCE MARKET,
NEW YORK, WMaret 17« Petrolonin
firm; crude Penusylvania, 4.00.
Turpentine firm, 71% 472
Rosin steady; common, 12.20
Hides firm; native ateers, 214 @28%:
branded stegrs, 264 @ 204
Coffee quiet; options opened 10 to 40
points lower; Rlo, No 7 wpot, 163,
Rice firm; domestic, 5% @lO%
Molnases firm; New Oricans, open kettle,
'NSJKL', black strap, 12@17.
ugr unvhnnfwl.
Potatoes steudy; nearby white, 2 !HE
"“5 Bermuodas, 6004 10.00; Southern, 2.2
3,00,
.Hum @BBy marrow cholee, 1000@
10.26: pea, choloe, 7.00477.26; red kidney,
cholee, u.oo’n 8.
Dried fruith strong: npricots, cholce to
ftancy, 25@37; apples. svaporated, prime
to fancy, 1T @lO ; pruncs, 308 to 60s,
184 20; 608 to 100 x, 10%4017: penches,
cholce to faney, 18% @ 20; aweded roisins,
choloe to taney, 9% d (1
o pl
A A S 47,
' L@t
neko H (T \ A S
S s sioh, e, S
NEW YORK, March 17.-~Most bullish
Interest was concentrated in the trad-
Ing in the oil stocks during the first 15
minutes of the stock market today, witn
Sinclair ©il assuming the most promi
nent position in that group being In de=
mand from many sources and advancig
2% to 42, the highest price touched in
recent months., Other oil stocks were
also in persistent demand, Mexican Pe
troleum advancing 2 7-8 points to 187,
Texas Oil rose nearly 5 points to 214%.
The rest of the list moved within a
narrow range, United States Steel aft
er making a gain of % to 9% receded
to 95 5-8. There were some all frac
tional changes in other steel shares,
The shipping issues were lower. In
ternational declined 7-8 to 70% and Ma
rine preferred ranged from 1103-8 to
109 3-4,
The copper stocks were not influenced
materially by the American Smelting
report, the unfavorable features of
which had been known, but some of
the traders Bold enough of that stock
to put its price down 3-8 to 66 1-4.
Small fractional losses were sustained
in the other copper stocks,
There was heavy trading in many is
sues all through the forenoon with
some Important interesting supply Steel
common on a large scale on which the
stock reacted from 963 to 94%.
The oil issues were well maintained,
Sinclair holding around 42, while Mexi
can Petroleum rose over 4 points to
18815 General Motors dropped from
166 to 161% and then rallied to 164, while
Alcohol dro‘ppml 2 points to 1383,
Atlantie Gulf after selling at 1161
dropped to 113 and Marine preferred
reached 2 points to 1081, while Ameri
can International after ylelding 2 points
to 693, rallied to 70 3-8.
Corrected by General numm:g Co., At
0. \G-osos " o
License Ne.
Acid Be U. 8 P, ib.. 136 1.50
Carbolic, T .30
Phosphorie, U. 8. P, Ib. .40 .45
Stearic, D. P, 1b........ .28% (Ll
Tannic, U. 8 P, 1b.... 1.40 @ 1.50
Tartario, Cryst.,, Ib. .... .88%
Tartarie, Powd,, 1b...,.. .87k 2
Alcohol, denatured, gallon .66 .68
U 8. P, 100 proof, gal.. 497 @
Wood, 95 per cent, gal.. 1.2§ 1.30
Allspice, in bl‘lE W ibae 2R 16
Alum., Powd., 18, ....ss. 00% .07%
Balsam, Cop., U, 8 P, Ib. .76 Wl7
Copaiba, Para, 1b...... .60 62
Pory, Ib....sconcansnnss 380 3.65
TN, 18, i ivirsnitinses Bib 1.20
Bark, Bnyherr{. M.iiiees 08 10
Cottonroat, Ib;....vsves .30 23
Prickly Ash, 1b..,.0... .21 .24
Beans, Vanilla, Mex.#'let,lb 4.50 6.00
Vanilla, Mex. Cuts, Ib.. g.oo 3.25
Vanilia, Bourbon, ib.... 2.50 3.00
Vanilla, Tahati, 1b..... 160
Berries, Juniper, 1b...... .09 At
Baw Palmetto, grnd, Ib.. .20 p 24
Camphor, American, 1b.... 3.286 4.00
Cassia Buds, 1b ......... 328 a 3
Chloroform, U, 8. P. 1b,,. .43 A 4
Clovea, bales, Ib. . ......cs 38 A 0
Coumarin, C, P, 1b...... 10.00 12.00
Cream Tartar, U. 8. P, Ib. .63 .70
Epsom Saits, U. 8. P, Ib.. 034 Asy
Giycerine, C. P, drums, Ib. .17
CLoP, ol I 8 e wok
Gum Trugacanth, No. 1
white, p0und......... 415 4.25
No. 8 M...viriresnees 3.8 3.00
Powdered, 1b........... .76 3.00
Leaves, Buchu Bhort, gridd
pound ..., iciieees 186 1.70
Henna, I, inervicses 0481 33
Bag®, ID...iivecironisns 28 28
Benfid TIOB , . .vssovesee 12 16
Kola Nuts, bags, h...... .20 23
Nutmegs, 106-1108, 'b..., .38 @ .43
'Nux Vomica, powd, b.... .18 A 6
Oils, Sweet Almond, 1b.... 1.50 1.76
finhw, . L ienviienias EE 1.50
ergnmot, 18. . ooidies v R 7.00
Castor, IB...iovisssnses: 20 & 81
CRove, IBiiiinicsnseines B 0 82.!5
Cortander Seed, 1b......30.00
Tamon, IB.....cvoievnae 300 8@ 166
Mirbane, Ib, .. .c.ovivave. .23 24
Mustard, 1b............12.50 15.00
Peppermint, 1b.........: 5.25 2 8,36 |
Snssafras, True 1b..5 .. 8.50 @ 8.75
Bassafras, Artificial, Ib.. .46 g A 8
Sesame, ga110ny........, 2,00
Dyestuffs: Market on -ulgtmr and di
rect colors very firm with big demand.
All above prices are f. 0. b. New York
or factory to jobbers and in original pack
uges.
vl ANy
i ATLANTA SECURITIES. i
e o———————————— b 3
Bid |Askd
Atlantic Steel Co., com. ......| 97 1106
G 0 PPef. si.isisivrnansns) BB "
At. Ice and Coal C0rp.....,..| 88 67
G 0 pref. ...y niisannvess] 4 %
Atl. and W. P. Railroad ......|l5O [166
Atlanta National Bank ......[385 (395
Central Bk. and Trust Corp. ...|l4B [162
Fourth National Bank ...... ;3156 (320
Augusta and Sav. Rallway ....| 92 9%
g:ro-lflnn Cotton Mills ...... /185 1190
ton National Bank ........[117%[120
Bmpire Cotton 0111, common ..| 60 o 2
B 0 POOE. . .oiiiiinenbbmved H* 9%
Gate City Cotsen Mills ~......|3 .
Gea. Ry. and Banking Co, ...|233 [2356
Ga. Ry. and Electric Co...vuvi)o.. [IOO
40, B P. & .iihieresslTS |
fleurxlu Ry. and Power, Ist pf.| 65 70
0 238 PlAusiccririvisescech 10 12%
do, COMmMON .i...vivensni| 8 8
Lowty National Bank ......[220 [286
Bouthwestern Raflroad ~.....[ 96 |97
;l;mm National Bank ........|2716 [2lB
rust (:om:o.n{ of Georgia ..|276 |[2Bo
Atl. Cons, Bt. Ry. 58 ..........[IOO /102
Atl.-Char. Alriine 68 . ......4../6.10 |Baste
Bonds.
Atianta S4H, 1040 ... .....1 &40/ Basie
Atlantic Jee and Coal, 65 ....| 93 ‘
Atlantic Bteel 68 ~........5:| 98
Ga. Rallroad and Bank, Co. ..| 86 &
FINANCIAL BUREAU ON STOCKS,
NEW YORK, March 17.~"The cross
movement in stocks s expected to cons
tinue, speciai fssues with u(wvm-- Justifi
cution for higher prices will pruhuhl{ he
elevated by inside or pool buying. Reals
izing I 8 expected to continue in other da
partments. There is short selling of the
metals on the theory that their readjuste
ment is not yet complete
WEEKLY DHY GOODS REVIEW,
Marshull Field & Company, in their
woekiy review of the dry goods trade,
oy :
Current whelesale distribution of dry
gonds I 8 running congtderably loss
than for the aaie week of 1818,
Road sales for at once delivery are
not up to the lnrge volume of the cors
responding period o yoar ageo.
Salesmen are now getting on the
road with fall lines and an excallent
advance business is anticipated.
More merghants wore in the market,
buying for thelr immedinte needs. e
tall bLusiness continvws most satisfac
tory.
Collections ure normal, |
THE WEATHER. !
WASHINGTON, March 17.--The sutlook
s for unsettied raioy weuther tonlght snd
Tuesday throughout tne Atlantic States
In the East Gulf stnies and Tennessee,
rain this aftervoon and tenight will be
followed by goneraily falr westher. The
temperatyre will vise in the widdle Atlans
tio States and it will full In Tennessee and
East Gulf States during the night and
Tuesday
FPorvecast By States,
Georgla=FProbubly showers and thundors
storms um!m and Tuesduy.
North amd South Carolina-——Showers tos
night and Tueaday
MovidasLoeal raing tonight and Tues
day, except salt Tuosday in northwest
portion.
Alabnma-«Thunderstoring thin afternnoon
and tonight; cooler tonight; Tuesday fair
and coaler,
Mississippl=—Fair toulght and Tuesday;
cooler.
Tenneapee-~Falr in west, rain in enst
%wrmmd this afterncon und tonight; colder
onight; Tuemday fair and cooler. ‘
§ STABILIZE PRICE OF COTTONI
By M. L. WOOD,
Prominent Business Man at Conyers,
I have never before seen the time when there was such agitafion
throughout the South as there is at present on the cotton situation. Not
only the farmers, but all classes of our people seem to be interested in it.
It also seems to me that there has never been a better time for us to work
‘muuthur and exchange ideas and plans and, if possible, arrive at some
}Hulutinn whereby we may forever remove the cause of our troubles. If we
are ever to succeed in this, it will be by the combined efforts of the people
of the entire South,
Our farmers are not an indolent people,
They are Amnn‘ the most industrious peo
ple of the world, and they contribute as
much to the wealth of the world as any
other olass of pmghv. But while this is
true, they do not share i‘uuuy in the prof
its of their labors. Why is it thus? It
I 8 for the want of proper organimation,
systemn and intelligent management, back
od by sutficient power to enforce what is
done. Under the present system, or lack
of system, we go on from year to year,
raising cotton without any idea as to
whether we will be able to sell ft for a
profit or at a loss.
Do others who handle our cotton do
business in the same haphaszard way? No.
The manufacturer buys it as cheap as he
l‘fn get it He sping and weaves it into
cloth, adds a rroflt for himself to the
cost of production, and sells it to the
wholesale merchant. The wholesale mer
chant adds a profit on what it costs him
and sels it to the retailer, who, in turn,
adds another Foflt and sells it back to the
farmer, the farmer, without any velition
on his part, must pay the combined profits
of all who have touched it since he flnnml,
baled and sold it. Hut mind you, the far
mer had no veice at all in the pricing of
his cotton: he had never been consulted
a 8 to what it cost him to produce It
He, unlike the mill men and all others
who touched it after it left hia hands, was
n?l allowed to add his profit to the cost
of production, but was forced to sell it
at any price fixed by the apeculator. ls
it any wonder that we have remained poor
while other sections and countries grow
rich at our expense?
MUST BE EVERLASTING VICTORY.
We are almost every day offered a rem
edy for our present trouble, We are ad
vised to hold tight to our spot cotton and
reduce our acresge for the 1919 crop, and
all will be well with us. I agreec fully
with this advice; it is the only salvation
in the present emergency. But are we go
ing to do 1t? 1 sincerely hope we will, but,
a 8 there is no power to make us do it
we are left in a state of uncertuinty,
Yet suppose we d, hoid. our cotton and
cut our acreage onesthird, ‘though we will
have gained & vietory and will get a good
price for the cotten on hand and for the
next crop, it will be but a temporary vie
tory that will not reach beyond this year.
Then we will again find ourselves face to
face with the sume old troubles that have
beset us in the past. Shall we be content
with such a temporary vlcwr‘r If so,
we shall continues slavea to the cotton
speculators as long ss we live, and when
we have passed over to the other side,
leave nothing more stable to our wives un‘
children than the same damnable slavery
and poverty handed down to us by our an
cestors. No. We must seek until we find
& permanent solution for our troubte,
something upon which we can rely for
all the future,
Though we should lesve no stone un
turned to win in the present fight, would
it not be well for us te reason togother,
and if pessible inaugurate some system
whereby a recurrence of the old order of
things will be forever lmpossible? Our
fullures in the past to accomplish our de
sired ends should not deter us from fur
ther efforts. We should profit b{ past
mistakes and use them as guides for the
future.
One thing we have learned or should
have leurned, 18 that organization without
power to enforée action 18 uscless. We
may moeet and pass resolutions and fix
prices, but if we lack the power which
combined effort and money nlone wield,
when pressure is brought to bear against
it, our work erumbles,
Now, may 1 submit for the consideration
of all who are interested in this great
cause, the outlines of & plan whieh, if
properiy worked out l:{ competent farmers
and business men, and put into operation,
will, T helieve, he just what we need for
our future protection?
The plan is this: Let there be organized
in every county of every cotton State a
stock company, financially strong enough
and with sufficient credit at their coms
mand to nasist the hun‘l in financing all
the cotton that will Weed financing in
their respective counties, Let these com
panies secure sufficient warehouse room
in weeord with the latest Insurance re
quirements, to store the cotton. Let them
have these warehouses bonded and manag
ed as required bhy<the banking laws. Lot
the business of sach county vumpang he |
ndministered hy a competent hoard ¢ dL‘
rectors and officers |
Then, let there be a State federation of |
all the counties In each State, and a fed- |
eration of all the cotton States. Haye the |
whoele so interlecked that every erganiza- |
tion will be In vital touch with every oth
er organization, and all will co-eperate for
the good of the whole, »
By such a federation we could more sas-
Iy econtrel the cotton aereage and by in
creasing the prosperity of the people, wq|
would be increasing the consumption of |
cotton
When a cotton crop has advanced in
maturity to a point where its volume can
approximately be arrived at, then through
a properly selected committee, ascortain
u¥ nearly as possible the cost of its pro
duetion, add a just and reasonable profit!
for the produeer, and fix the price for the
manufacturer. Lot the farmers store their
eotton In the erganization warehouses, the }
organizations advancing money on the cots
ton to all whe need it, taking thelr ware
house receipts as collaternl The receipts
oan, in turn, be used by the organizations
as collateral with the hanks. Have a sys
tem of marketing the erops, both for dn-'
mestic mills and for export, selling as long
ns the price asked, plus the rurrylnl!
charges, is pald, but not one bale fnr‘
lens.
Do yvou say: “That sounds good, but u?
can't he done. Bufficlent money ecan not
be raised to back it up?”
CAN BE CARRIED OUT.
T admit that it is an immense undertak
ing and will require large sums of money
to Insure ita success, but my experience
and observation s that we can do almost
the impossible if we determine to do so I
am satisfied that we ean accomplish this,
T believe the Southern people in every
600 Horses
CAMP McCLELLAN, ANNISTON, ALABAMA
Friday, March 21, 1919, Beginning at 9 AM.
There will be sold by Remount Division at publie auction, to
the highest bidder, at Camp MeClellan, Anniston, Ala., on Friday,
Mareh 21, 1919, fifteen hundred head of splendid horses and mules.
These animals were prineipally selected to be retained by the Gove
ernment, but on account of Camp MeClellan being abandoned,
must now be sold. Stock is superior to that sold at previous sales.
There are about four hundred heavy draft horses in this sale
that are r\“l'lvllul'.l”', fine Ages of both horses and mules rnm
good. Stock will be sold in lots to suit buyers. There will be
of seleeted young mules and horses sold intact to highest w
Terms of sale: Cash or certified check.
Do not fail to take advantage of this wonderful opportunity
to buy splendid horses and mules at your own price,
Remember the date—Friday, March 21, 1919, and the plaee—
Camp MeClellan, Anniston, Ala,
For additional information regarding sale, wire : ”
R. W. LINDENSTRUTH, Q. M. C,
Quartermaster,
Financial Sunshine
Directors of ~.the Keystone
Tire and Rubber Company
have declared the regular
} quarterly dividend of 3 per
{ ocent on the common .Meb
$ payable April 1 to stock
record March 21, They also de
clared a stock dividon:of 15 per
cent, payable May 20 to stock
of record of May 1.
county will willingly subscribe the nevess
sary funds if the matter is proßarl' r
sented for their comnsideration. idn't
entire South go over the top with
scriptions to Liberty Loans, war sa
stumps, ete.? We are proud that we -
and feel that we only did out duty.
now that the necessity for further
seriptions of this kind 11 Wo trust, ¢
is it not time for us to make i
ments whereby we can assure a just )
hood for eurselves and our loved ones?
The question may be asked: “What “
have we for money when we have the
eral Reserve system with its mem
banks all over the South? Why can
they finance this scheme for us?” But ;
country banks do not want to tie up their
resources in cotton, and the fnrlicu ;
not reach the money in the reglonal
With their ordinary warehouse receipts, We
must have & medium through which
farmer can resch the money market,
Friends and fellow citizens of
Land, let me persuade you to think on
subject which |8 of such vital im z
to our material welfare. If you think :
plan feasible, then let us put all our -
er and energy and money back of it, ahd
push it to the earliest possible compl .
But if any one can suggest a better Y,
let us adopt it at once and get it in o
tion, for something should and must be
done that will permanently gul the
crowd ount of business, if the po‘.
this country ever expect to share the
profits of their labor, i
© Under the plan above outlined, T do
want to convey l‘ho'nhen lhrt.'lt‘ 3
a farmers' organization exclusively, :
we would want every farmer to become
stockholder, we would also want .
merchant, banker and members of g
other calling amd voocation to support ;
undertaking, for all are affected when E
farmer prospers or fails to prosper, I am
#mtisfied that with all the people 1 :
the South backing a plan of this
we would have sufficlent power to -
lutely contrel the eotton crop of the Sp >
This would resolve itself into one
SBouthern cotton exchange, with every .
ton producer, and those of overy other
‘ealling in the Southiand as mem! ~
where nething would be bought or X
cept the ctual cotton, and that at &
bilized price. v
i WEATHER FORECAST i
e e i P .
Following 18 the weather forecast for
the cotton belt during the next 24 hours:
Georgia—Probably showers, thunders
torma i
Carolinas—Bhowers, o
Florida~—Local raing, except fair norths
west. A
Aiahama—Thunderstorms, cooler. Tues
day fair, cooler i
Mississippi—Fair. cooler, 3
Louisiana and Arkansas—Fair, cooler,
Oklahoma—Fair, cooler, Tuesdey Warmme
o ¥
Rast Texas—Fair, cooler; light frost
4‘ Yy
)
R
TR )
QUi /g
‘La s~k
145 Mgin >
A Secured Note
To yield about 6.45 per cent
T HfT HOCKING VAL
LEY RAILWAY taps
one of [ the richest coal
flelds; #t has low grades,
excellent dock and terminal
facilities; has paid divi
dends for 18 years; and has
been earning interest
charges 2,35 times,
Its five-year 6 per cent
notes are offered at 98%.
Circular upon request for
GC-211,
&ml’lfly
Correspomdens Ofices in 35 Cities
Atlanta—4o Edgewocod Ave.
Telephone~7s4l Ivy.