Newspaper Page Text
_B_g!g_t_eéfiwcome Tax Payments Swells Bank Clearings 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. ... our v ... SIB/851,836.43
Same day last year ... ... Lan e e SRR IR
NN o ...$5,125,214.80
BN N . e 9,746,923.14
PN AN .. e 4,420,473.33
* - *
Atla.nta.spotoottonMonday SR GB et is s T
SN ~ e sitnve sBO
Samedaylagt year ..... ... .. ... .. LhN ien s tiner iy DN
e R A ‘s Vo sie ot SN
* * *
Atlanta cotton statement: |
; 1919. Last week. 1918, 1917,
ey 685 743 420
Shipments ... ..... 449 106 456 438
. .24814 24,801 53,041 72,500
el 0100 500 1,223
* * *
Atlanta's in_come 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.£36.43, as compared with $8,726,621.63 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.
Officials 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 $14,022,838.70 was Jhandled by the clearing house. The
fngh mark previous to that total was onh October 10, 1918, when clear
ings amounted to $13,790,041.84.
.** - \
: : : ‘
Cotton continued its rise Monday, with trading active and price move- |
ment swift. Stirred by decidedly unfavorable weather, together with strong
Liverpool cables, better dry goods sitnation and the protest by the Associa
km..,\w.sx;m::“‘“'“ meae (10N Of State Farmers to Washington of theAllied Cotton
__ Purchasing Commissions charging that they suppress
A‘“ individual eompetition, which was followed by a cable
'% gram being sent to President Wilson asking him to de
.\'” e : mand that England, France and Italy abolish these com
,m =W missions, the market scored a material gain on the
;r o % PR opening and immediaetly established further gains.
% Liverpool and commission houses were active lm,v—“
1;)5»7' w ers at the opening in_New York, which was 75 pnints‘
b el higher to 25 points lower on old contracts, while new
s options started 23 to 50 points higher, the latter being |
64 : in strong demand with offerings light. Before the end
né of the first thirty minutes of trading old contracts had
Eg,, risen to a net gain of 55 to 75 points, while new styles
S exhibited a net gain of 53 to 60 points, with July in the |
3 lead, May reaching 25.20, July 23.70 and October 22.18. ‘
b Values at New Orleans at the top displayed a net gain of
S ———————— a 5 to 71 points on old and 41 to 59 points on new.
During the late forenoon a wave of realizing appeared, cansing a small re
action from the top levels. Offerings were readily absorbed.
The weather map showed heavy rainrall in the central belt, east Texas,
Tennessee and Alabama. Indications point 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 to
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 commissien house buying and
searcity 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.
Heavy demand for corn sent March to
1.511% during the late forenoon, 3% cents
net higher. May reached 1.42, July
1.3614 and September 1.31 3-8, The low
on March Saturaay was 1.43%.
Oats recorded a further gain, with
May reaching 64%, 2 3-8 net higher.
Jul* rose to 63'% and September 60.
Provizions were 95 points higher on
pork.
Grain quotations:
11:30 Prev
Open. High. Low AM Close
oL
Mr. . 1491 151 1491 1613 147%
Mev 138 148 14 141% 188
July 134 1 § - 134 1500, 1
Sept 130% 131% 15014 131 4 1237 %
OATS
Mar. . 61
May . 863% ity 61% B 4 6%
July . , 624 634% 624 631% 62
Sept. . . GO% G 0 50 e 60 58 %
PORK-
May . .45.70 45.70 45.70 45.70 44.15
July . .42.70 42.70 42.60 42.60 41.75
LARD-—
May . .27.56 27.50 R .65 27.66 27.08
July . .27.10 27.10 27.10 27.10 26.60
RIBS—
May . .26.10 26.17 256.10 25.17 24.62
July . .23.85 23.87 23.85 23.87 26.37
3
i FERTILIZER MATERIALS @
AAAAA AA AP PN PN
CORRECTED BY HERRY COHEN,
U, 8 JYood Administratien License No,
G-27360,
Nitrate of soda, 95 per eent, prompt ship
ments, 4.30@4.42% ex store or ex vessel,
Bouthern ports.
Bulphate of ammonia bulk, prompt
lh'll:_menu. 6,00 ¢. a. f. Southern points
ona go!nnh muriate, 40 per cent K2O,
prompt shipments, .76 per unit available,
Aur station.
Nebraska potash, 22 per coent@23 per
eent, K2O, prompt deliveries, 4.00 per unit
o oaf, your station
Acid phosphate, basis bulk 16 per cent
at 15.00 Southern ports, 16.00@16.50 inte
rior points.
Cyanamid, February, March shipments,
3,76 per unit, ammonia, f. o. b, Niagara
Fulis, N Y
Packer's high grade tankage (ground),
5.90, 10 cenrs bulk, f. 0. b. Chicago.
Packer's high grade blood, 6.00 f, o. b
Chicago.
HBouth American blood and tankage, 6.00,
b, Baltimore in bags weighed iu gross for
net,
sobncco stenig, 0,00 per unit, Ammonia
.26 per unit, potash freight to be allowed
yOuUr puint in bag Lugs treturnable
_Lime stone, 260 1. o b Knoxville,
Tenu
AMERICAN HIDE & LEATHER PLANS,
American Hide and Leather Company,
it I 8 understood, plans to anticipate its
gumwu“g bonded indebtednogs maturing
ptember 1, 1918 After allowing for purs
ehase under the sinking fumd, a total of
$2.685.000 bonds will be due as of Sep
tember 1. The company has a surplus of
eanly o hitnd and ig i oA position to buy
up bonds i advance, st par antd interest
Ellmination of the sinking fund pro
sision as the mortgage indenture will save
t:M,Q.O A year. Thiz sum is squivalent
'"gout 6% wper cent an the $12,600,000
rred stock outstanding.
~ Following shows the rainfall at
leading points: Oklahoma City, .04;
Galveston, .02; Palestine, 1.08;
Shreveport, 1.12; Memphis, £.94;
Vicksburg, 1.10; New Orleans, .52;
Mobile, 2.38; Meridian, 1.58: Nash
ville, 4.44; Houston, .71; Birming
ham, .68, b
With rainstorms coming on the At
lantic, erop preparations will be se
verely delayed. Already new eron
work is from five to sevén weeks late
in most sections. The weather sit
uation at present is one of the
strcngest 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 acreage reduction movement is
a bluff. 1 quote from the weekly
review of one of New York's largest
financial houses: “And cotton plant
ing will proceed on an increasing
scale from now on. How absurd!
RA A A PA A A A
AA A A A A AAA AAN
(Corrected by Cone M. Maddox.)
Administration License Number G-06583,
Apples.
Evaporated, 50-Ib, boxes .. ........ .15
Baking Powders.
Shoonns. 48 B ciiiiiviiiiirins l.*
Bunford's, £ oounl .l iiii i B
Rumford's, % pound ..........c... 2.95
Bran.
Pillsbury's Medicinal Health Bran,. 1.50
Deans,
California_Limas, 100-pound bags, 0914
Canned, 24%5, Strin€ .......... 450
Bull Head, 24 8-oUnce .......... 3.00
Royal, 36, 6-OUNCO .......veooese $.30
La Creme, 24, 8-ounce .......oeves 3:00
Cereals.
Post Toasiies, 35 packages ...... 4.10
Kellogg's Coru Flakes, 36 packages ¢.20
National Corn lakes, 36 packages 3.60
Krinkle Corn Flakes, 36 {‘nmknlvl 3.40
Grape Nuts, 2 dozen packages .. 288
Pillsbury’s Vites, 1 dgzen packages 2.20
_Uscomnus,
Arbuckie's, 100-Ib, cases ..,...... 27.00
Arbuckle's, 36-Ih. 0a5e5......ee... 27.50
Biue Ribbon, 1-Ib. cans....ceeese.s .38
Perfection, 1-Ib. DKER.. .....¢oosoes .28
Cempound.
Lard Compound, 60-pound tubs. ~ . 249
Snowdrift Lard, 6-88 ............ 13.26
Bnowdrift Lard, 1348 ............ 13.5¢
Fleur.
Sweet Maria, Self Rising, 24-Ib,
MBS ol e s ik ks 10D
Bweet Marie, Self Rising, 42-Ib,
BBERS yiiiiitiismitriiiaidsias TRED
E-Z Bake, Plain Patent, 24-Ib.
OO .5 ikl s SEDD
E-Z Bake, Piain Patent, 45-ib.
SRR B e eit S
Pillsbury’s Best, 24-1 b 5ack5......, 12.76
Cern,
No. 2 Standard, 24 can 5.......... 3.46
Kraut,
Houghland's, 24 ’hl viserssesnss 510
ik,
Carnation, 96 6-ounce can 5...,.... 5,80
Carnation, 48 16-ounce can 5....... 6.25
Dime Brand, 48 11-oz. can 5......, 6.26
Eagle Brand, 48 16-0%. can 5....... 9.50
Mince Ment,
Atmore's 1-pound bricks ........ ! .20
Atmore's Condensed, 26-pound kits .18
Union Cooking 011, drums ...... 16§
Aenpon, 24 DIGEE .l i i vhea TBO
No. 2 Geergia Table Peaches ....,. 3.60
Muncarent,
Red, White and Blue, 5 and 10e .. 1.90
Bulk, 20-pound 20308 .i..iooiooos 418
il
Wolean, S InPle . i . K
Whnson, 3¢ BIBIN (iiis i eiiiisiis 180
Wesson, 2 b-gallons . ..........0.. 19.00
Ckra,
24 No. 28, Dwarf, canned ~........ 3.38
Penciies,
No, 23 Georgin Ple FPoaches ..., 83.50
Molasses.
C-0. Loutsinna Molascs, bbi5.,...... A 8
No. 12, New Orleans M01u55e...... .39
Mustiard.
BT 00NED BB ii i risives ADS
Libby's, 24 l-oun&m: seenevsss 3.60
Purity, 18 round packages ........ 2,00
Fruit Juars.
Halt gallons, per gross .......... 11.80
QUATLS, DEF BTOME ... ..00oeviveees 0.40
PIDIA, POr BUOBN ...icavsssseissois ;:“
COPE, DOP BYOME . isvsscrasessiis 26
RlNgs, per Gross .......ceeeeisve N 8
Hominy.
Hougland's, 24 2%s . ik ausnenpn Blb
Peanut Butter,
24 f.ounce jurs, hellogg's 4.40
Pean.
No. 2, extra nifted, 2 dozen ...... 4.7
No. 1 Biove, 24 a fi o Btate ..., B
No. 2 Bieve, 24 AR el -
California Biackeyos, T4-Ib. bags... .06
MARKETS AND FINANCIAL
NEW YORK, March 17.—The cotlonl
market opened very steady with new‘
contracts furnishing the trading feature
Under active Liverpool and uommlaniox'
house buying they started 23 to 5
points higher with offerings limited.
__The old contracts were, as usual, very
irregular, March starting 75 points hlf‘h
er, while the other positions 5 higher
to 25 points lower. After the opening
the market continued very strong and
active, with new contracts moving up
to 25.20 for May or an upturn of &0
points over Saturday's close, oOld con
tracts rose 55 to 75 net,
The market held strong during the
late forenoon, realizing sales being read
ily taken.
New York 11 a. m. bids to Liverpool
were: Old, Maf' 24,20, July 238.05, October
21.75. New, May 25.05, July 23.50, Octo
ber 21.75.
New Orleans 10 a. m. bids to Li\'or))uml
were: Old, July 2341, October 20.95.
New, May 25.06, July 23.54, October
21.52.
NEW YORK COTTON.
Old_Contracts, R
| | | 12:30] Prev
{Open|High| Low|P, M.| Close.
Mar. . . .127,00197 00!26,70126.75/26.25-50
May . . .|24,00{24,50{25.70{24.40/23.24-95
July: oL 122.80123.40732.30123.20/22.50-90
Oct. . . .{21.06/21.85(21.05(21.76{21.30
Deo." . . .122.10122.10122.08/22. 05{21.50
AR L) Bt il bgil e
New Contracts. Vs
May . . 124 25125 20194 RKI2S 02194, 6°-70
July . . ,]23.60]23.70/23.47/23.47/23.10-18
Oct. . . ',[32,00/28.12)21.06141.95]21.66-78
ANE. N . 121,906122 00121 80121 _<o'2l 50
Jan. . . .121.85/22.00]21.85{22.00/21.46
MEW OKLEANS COTTON.
Old Contracts,
, | 112:30| Prev.
Open{High Low |P. M.| Close.
Mar. . . .126.60/26.70{26.58]26.58126, 45-25
Meo . 195001296, 00124. 76124, 90124, 50
July . . .]23.60/23.59123.41{23.68123.10
U v «|e1.3121.51120.86120, 93]20.60-65
Dec. . . .120.51{20.60/20.37/20.60]20325-35
New Contraets. o 2
MR, o OF Rl s ST .{26,75-90
May . . . [35.20i26.23124.93124,92124.72-78
July . . .123.50{23.59(23.41/23.68{23.10
e, v J 21.75121. 75121 . 46/21.60121,16-17
Dec. . . .121.37{21.27]21.15/21.15/20.86-80
LIVERPOOL COTION.
Futures opened steady,
LIVERPOOL, March 17.—Cotton futures
opened quiet today; spot quiet; prices
steady; =ales 3,000 bhales American mid
dling fair, 17.72; good middling, 16.39;
middiing, 15.76; low middling, 14.71; good
ordinary, 13.19; ordinary, 12.686,
Closed steady.
Prev.
Open Close. Close.
March,. .. i ..16.94-1048 1838 38.33
April. ... ~ .. ..15.68-15.70 16.63 15.63 l
May ee s 214331436 1430 14.29
JUNE L g e 14,10 14.10
July Sviamids, TS AT IXBE 1098
August .. .. .. +.13.73-13778 313.6¢ 1383
Soptember .. .. 13.83-13.60 13.42 13.41
ATLANTA COTTON SEED PRODUCTS.
. U. 8. Fixed
Descriptions— Prices.
Crude oil, basis prime ....e0c..... A 7
Cotton seed meal, p. ¢. common ..$56.00
Cotton seed meal, 7 p. c. Geergia
common sate point ............... 55.00
Cotton seed hulis, loese ............ 16.00
Cotton seed hulls, sacked ........nominal
Linters, clean mill run .......¢....8 4.67
ATLANTA COTTON DIFFERENCES,
White,
Middling Fair Fo swh # 162 on
Btrict Good Middling .............138 on
SOOB MIARHRE ... vi-siv v sranev 300 DR
Striet Middling . covrensensecs 83 ON
MUGHRE Ul vbuai il vy dhy v anenc RS |
Striet Low Middling . vy ia sdins s 80, OFf |
Low MldAlng ....vesaihmcibarbis-MNE off
Yellow Tinged. !
Good Middling . s vnan peie 2D Off |
Strict Middling .. Tr i e orr |
Yeilow Stained, !
Gool MidGHnE 5. i; ahinas » DOO off
R
g . .
Cities Service Earnings
iRI g
Show Good Gain in Year
Gross income of Cities Service Company
for Jamuary, 1919, was $1,853,698, while
net income available for dividonds, after
payment of expenses and interest
charges, was $1,683, 869 After providing
for preferred dividends there was left
a balance for the month available for
dividends on common stock, reserves and
surplus of 81,344,059
For the twelve nionths ended January
31 gross income cf Cities Serviee Company
was $22,103,208, compared with $19,420,
508 for the preceding twelve months, with
net income after payment of all - ex
penses, taxes and interest of $21,169,685.
The balance available for dividends on
the common stock reserves and surplus
for the twelye months was $17,127,808,
compared with $15,101,332 for the twelve
months ended January 31, 1918
» : v ’ 7
Sinclair Gulf Cos Net
Before Taxes $5,000,000
Sinclair Gulf Corporation and subside
lary companies combined net carnings sot
1918, after deductions of interest and dis
count, will amaunt to approximately 85
000,000, out of which must be provided
depletion, depreciation and Federal taxes
The report says
During the vear subsidiary companies
produced 5.833.766 barrela. of crude oil
and sold 7,167,198 bharrels
REPUBLIC RUBRBER,
Annual teport of the Repu Ruhber |
Corporation for the year ended Deceme
bher 31, 1018, shows as follow Gross
sales $15,7149,627; operating exponses,
$14,180,460; balance, $1.060,167; other in
come, $16,943; total income, $1.677.110
plant depreciation and interest, $5756.007;
net profit, $1,002,103; capital stock issue
expense and Federal taxes, $399,190; suce
plus, $602.913
ST, LOUIS LIVE STOCK MARKET.
BT. LOUIS, MO. March 17.--Cattle
Receipts, 5,600 Market steady Native
beel steers, 11.60@ 18,50, vearling heef
mteers and heifers, 9.50@18.00; cow 10,560
@12.60; stockers and feeders, 10,006 13.60;
calves, T.76@18.00: fair to prime ‘yearling
beef steers, 10.00@18.00; beef cows and
heifers, 7.50@15.00; Bouthern prime yearl
ing steers and heifers, 6506800
Hogs Receipts, 15,400 Market 15 to
20c¢ lower Mixed and butchers 196040
1960 good 19408 190 .60 roug!t 15. 000
17.75; tHighta, 18.80@19.40; pigs 15 m.w!
17.76; bulk, 19.00@ 19.50
Sheep Receipts, 7504 Market steady
Ewes, $050@14v25; canners and choppers,
5.00@ 9.00; lambs, 18.76@19.25
Salt.
Ozone, 26 2-pound packagesg,..... 1.00
Chippewah, 100-pound bugs ...... 117
Baker's Salt in barrela ~....e00« 425
Sardines,
1 Ol Keyless, 100 chins St 6.00
Y, Mustard, Keyless, 1008, ..,,.. 6.00
1% 01l Carton, keye, 1008, .. ...... 7.85
Soap.
Clean ¥asy, 60 bars Shits 385
White Rose ... vosatassesness 6.50 '
Soup.
Campbell's Tomato kieitorses. S 0 l
Postum, ,
1 dozen large, regular ........... 228 |
2 dozen small, regular ......vv..00 2,70
ABportotl, TOBUIAP Jiiiisitiiiivses - RBO |
1 dozen large, instant ............ 4.60
2 dozen small, INBtant ... 540
Assorted, instaut sssasseeee 800
Syrap.
Bagle NRrand, herreis 67
Fancy Sugar Syrup, light ........ 5
Refiner's Sugnr Byrup .......v..00 65
BIBEN, Bodoß i i sisivivianiree GO
Alngn, 1288 . ...coivsvnnsniosens 8.2
AINBR. BoA M it iiiivii vthaiins 200 |
08, BelOR L vvisrioiirnries 8.00
Bonita, 12:B8 ..isiecsinivnnesane 5,28
BOnItR, 4319 iivcivisrvsiiiviiee 6,00
PRIrARY, <lO . iossnnsnrrinss 58
Pairday, 48-1 s . Viidawunkneins . G
‘ Starch,
Argo, S-pound packng # to cnse 07
‘ White Fish, '
100-pound kegs, Lake Herrng RBS
gO-pound kKega, Lake Herring 6.86 |
$-pound )its, Lake Hereing 58 |
\ All goous quoted f. o. b, Allanta, Geor
ia, net sh
. » » Vienun Sausage,
Libby's, 36-%48 i iinviiisianiven gy 400
| New York Stock Quotations |
| g:.’l V.
_BTOCKS-— High|Low.[P. M. [Close
Allis-Chalmers . .| 36%/| 34%]| 34%] 35
SU ) SR e Bl e (L
Amn Z?nc Gt AR AR RRe ey 33
Avon, AR L ol dechin aalas i ‘f&
Amn, B, Sugar . .| 75| T4l 743 76
‘ LU ATNERE T pEEheRe RB T
Apin. M. and L. f i 11Mias |lB
Amn. Can . ... 47%] 46%] 4T | 4TY%
Amn. Car Fdry. .| 60 | 695%] 60 | 90
Amn. Cot. Oil ...| 46%| 46%| 46% |46
Amn, Loco. ... .{ewu 665 01\4‘0\7\4
Amn. Smelting . .| 66%] 663 665 66%
Amn. Steel Fdrs. || 837 81 | 81 | 80
AmE, Sugsr WL 1T e 11e
Amu. T. and T, ..[lO6 1106 1106 [104%
xAmn. Woolen . ‘ 6 [64% 65 i“%
Amn, Linseed . .l ....0 ... oo 6%
gt Lo e
At. G. and W. L ..{ll6 113 114 [116%
do pref. . .91 |95 98 [!7!4
B Bot eP v sl TRO
Amn. Sum. Tob. .. [115%113%/115% 114
Ao By o] T cores o (1%
Amn W. Paper . .| ....! sy .| 3T %
Adaskn. Qotd o ) Lol voctiaged 3%
Anaconda . .... .| 60 | 59%) 60 |6O
Atchison . . . o ] 2%
Baldwin Loco. . .| 884! 868 | SB4 874
Bal.cand OBe o o o] Ll ' 48
Booth Fisheries . .} ....] ....] ....1 19K
Beth, Steel pref. . ... ....| ... [104%
Beth. Steel B . .| 66%][ 656 | 65%! 66%
Brook. R P .!:zu 23| 281, 224
Butte Buperlor ¢ 00, o] el LOK
Cak Petrolenm . (0o ! 26y
ROO PO o vk i e e B
Can, Pweilie OoL T e
Ches. and Ohlo . .| 68%! 581 581! 68%
ot W oL e e
Col. F. and 1. . . 444 42% 43! 43%
C, M and 8. P. .| 30y! 3!!4' 291 87%
Ao PR oL b : g
Chino Copper . .| 33% 23%! 33%| a3y
Connali GRS« 50 0 i cosbass P
Corn Products . .| 61 | 50%! 50% | 60y
Crucible Steel . .| 68% 67%| 671 87%
CUBES A Buger . i .. o ] s 0
Cuban C. Sugar . .| .. z ! o 9%
dopref, .. JM It n
Chile Copper . .| 18 !18 |lB | 18%
Chandler Motor . . | ....1 ....1 ..., 128
Columbis GBBB « . & oob i d il 15%
Del; 08 Hud. . 1....1 ‘ a 4 jIOB
Dist. Securities . ./ 66 65 '65 | 64%
Brle : . oo sl 1% lIN 1T
do pref. Ist . .| 204! 205! ""‘! 20
o prefy 38 <. ¥ it vl A 9
QGeneral Blectric . .} ....0 ... ... J 155%
General Motors . .1656%[161 [164 165%
Goodrich Rubber . | 67%! 0'7%( G?K‘ 61%
Gt. Nor. pref. . ! 93%| 93%! 93%;| 94
Gt. Nor. Ore . .| 43%] 43%] 43%] 43 |
G Wpterw b Ol l 8
Gulf States Bteel . . ....] ... Jice. ]BB §
IO il e R W
Inspir. Copper . .| 45%) 44%] 45%] 45%
Interbole . . :‘! viks] BN
et 03l Gl L 19
Inspir. Copper ...! 46%] 44% ) 46%] 46%
Shatetee . . 1o Py et B
W peen o R OE LS e
Ind. Aleohol . 1142 [138% (140151140
Int, Nickel . .....| 25%] 25%] 26%| 28y
Int, Paper . ....| 5% 46 | 45%! 45
Kan, Oy e o o Ll
e ottt s garMR A LN
Merchant |
Are More
Confident
B e
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 situation 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 bheing
shown. The new reduced prices are
inducing advance business. Export
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.
“(lollections are good. Merchants
have been in the market in about the
same number as corresponding period
last year.”
A AAA AAP
FINANCIAL NEWS 3
!
A AARA AA A AN A
American Smelting Co. earned $5.67 a
share on the common stock in 1918 versus
$22.59 in 1017,
- - -
Studebaker Corporation carned $10.38 a
share on the common stock in 1918 versus
sB.ll in 1017,
. - .
American International Corporation
carned $7.44 a share on its stock in 1018
ngainst $7.49 a share in 1917
L . .
Leaders of Mexican Chamber of Depu
ties say oil laws will be complately ree
formed so as to protect rights of all com
panies co-ordinating national and co-ops
erate interests
1 ATLANTA PROVISION MARKET.
(White Provision Co., L. S Food Admin
istration License No. G-21371.)
Cornfield hams, 10 to 12 average, l4e
Cornfield hams, 12 to 14 average, 33%c
Cornfield skinned hams, 16 to 19, 36¢
Cornfield pienie hams, 6 to §, 24e,
Cornfield breakfast bacon, dée.
Cornfield sliced bacon, 1-Ih. boxes, 12 to
case, bic,
Girocers’ bacon, wide or narrow, 3fe,
Cornfield pork sausage, fresh link or
bulk, 22¢
Cornfield wieners, in 10-Ih, cartons, 23¢
Cornfield wieners, in 12-1 b kits, in
pickle, 3,25
Cornfield Bologna sausage, in 256+
Boxes, 1816 e
Cornfield smoked link sausage, in 25-1 b
boxes, 18140
Grandmother's pure leaf lard, in tierce
basis, Hic
Country style puve lard, tierce basis,
e
Compound lard, tierce basis, 24%e.
1, 8. extra ribe, 29140
b. 8 HBellies, medium average 3¢
. 8. bellies, light average, i2e,
ATLANTA LIVE STOCK MARKET,
(Corvected by W. H. White, Jr., President
of White i'rovision Co, U, N, Food Ad
ministention License No, G-21371.)
Good to cholee steers, 850 to 1,000, 11,00
@11.60; good stesrs, THO to K6O, 10,004
1060, madium to good steers, 660 to 760,
50401000 medivm to cholee beof cows
P6O to RGO, S 000 60; medium to wood
cows, 650 o 760, 7.50@8.60; good to choice
helfers, 650 to 660, 7.504@ 8 60,
The above represents ruling prices for
®ood quality fed cattle Inferior grades
duiry types and range enttle guoted below
Medium to good steers, 700 to %00, 5.50
@ 9.50 medium 1o good cowa, 600 to 700
1.60@R 50 mixed common cows, 6004
700, good fat oxen, THO@R.SO; rood
butcher hulis, 7.00@9.00; choiee veal
culves, 7009000, yvearlings, 500607 50
Prime hogs, 146 to 225, 14.004114.50;
Heght hogs, 130 to 186, 12.00815.50; heavy
pigs, 100 to 130, 1200912.50; light pigs,
80 to 100, 11.00612.00,
The above applies to good quality nilxed
sod hogs
PEERLESS TRUCK AND MOTOR.
The Poorless Truck and Moter (erporas.
tion has paid for snd canceled approxis
mately $2.700,000 of its $5.000.000 8 per
cent donvertible note issue dated Nover.
her 10, 1916, and due (n 1925, Cash in the
trepsury I 8 sguil te the remainimg out
standmg notes, amounting to abour $2..
T 00,600 The company ia deing an excep
tionally large businoss, and passenger cars
#old this wear will probably estabiish a
‘lnew high record,
| ill:!O‘PNv,
HTOCK 8 |High! Low. . M.|Cl'se.
KollysßD@: o end o | W] i 16N
Kennecott . ', + . .{ 30 [ 30 |3O |3O
Lack, Steel ~ . . .| 6 | 69 | 69 | 09 ;
Lenigh Male¥ vy ob ..o 200 ] oo A 8
I.and Moo voogh oo o 00l oL TS
Maxwell Motors . .| 394 39% 39% 39
do. Ist pref. ..| 674! 67 LT
do. 2d pref... .| 0% 0% 0% 31
Mo, Pacific (new) .| 2444 24, 24:2: Y%
Mexican Petroleum \"Hfinlb‘..ll? (184
Marine, . .. . . .| 3684 261 264 | 2675
do. pref. . . L 110% 108% 109% /110
Miami Copper , . .| ... ] ....] ....| 328
Midvale Steel . . .| 4% 44 4 | Uy
National Enamel 4 ....{ ....| ....{ 1%
I ook praf sl ..A.1...>44...i§01.
N. X Central .. l vaud] svs ] ieeiy] 35‘,,
NNS n) rd 1N
Mathoial Lewd - .10l 0] ee
Bogadwe Lo ol LY
Northern Pacific, .| 92%] 925 92%) 93
Nev, Con. Copper .| . o rensl e 167
M. Y. Alrbrake. . .| .l ‘Il.".
Ohlo Cities Gas | 1| 38a] 3831 duia| 3814
Pitts.-W. Va. Coal | 365 136% | 36%/| e
Pan-American Pete| §2 ' 81% | Sl%, | 50%
Pacific Mail . . . ‘ d3le] W 3 Jote| ...,
Pennsylvania . . .7 44% ] 443 445 44y
Il‘iw.-n'r-:\rrow R 0 Rl eRN Ha
{Peaple’s "Gas . '« 4 . s il @
1B Bteel Car' . ... s f waned saan Tl
Pittsburg Coul . . .| 49 SRR
| Pierce Ol . . . . .1 18%| 18%] 18%| 18
{Pullman Company | .%..f ... .0 ... /118
| Ray Consclidated .| 194 19! llz‘ l?*
{ Reading . eT] RN s|B3 %
Royal Dutch (old).| 83% 92% 93k 92%
R. 1. and Steel ..| 81 80% | SO% | 81%
do; pref., & ! i ceaaf e 1023
Rock Istand . . . [ ... .o oeoi| 219
do. pref. . . ‘!; 7
| doo pref B Ll b 0 8
xRy, Steel Springs.| ... forenf sens él%
Sears-Roebuck. . 4 ...l voiil voesidTß%
Sloss-Bheftield & . v .. b cooel suel] 84
Southern Pacific . .twmimy.uow. 102
Southern Rallway . th 28K 1N 28N
S PPt = k) s ~..i.v..‘C',v,
Studebaker . . . .| sn.“ 63 SG‘A' 63
ot B¢ vl ek il owast BB
Sinclair Oft . . . .| 43 | 4 | o%] 39y
Tobacco Products .| 873%| 87 71| 87K
Tenn, Copper . . . { X 2ot gvirt AR
Third KWeBuN. . . ifo ead chanbi i ] 18
Texas O . ' ¢\ .Illihllil'agllsk_zosy.
Texas Pacific . . ‘ 33 93] 83| sk
United Frutt oo ot aaotl oo L 8
Union Pacific « . .{1239 {l2O 11890 [129%
o et .H Lk LR
U. 8 Rubber . . .| B 8 | 848 863 | §6%
U. 8 Steel . . . .| 963 94% | 95%| 95K
do . pref. . o 4ot L TTER
U. Cigar Stores . .|135%/129% 135%133%
Utah Copper . . .| 69% 69% | 69% 691
Va.-C. Chemical. .| 68%) 68 | 58 | 674
W’ahl\sh.,,...ll'! I 8 LE™
do. pref. A . .| 34 33%| 33%| 54
Western Union . ‘ BRIL] KBly RRG| SR
Willys-Overland . .| 204 281, 29151 28
Westinghouse . . .| 46%| 45% ulsl 45 %
White Metors . . .| ....] ....] ....| 84
Wilson Packing Co.| 77 77 7 L 75%
BONDS,
U. 8 Lib. 2%s . .‘93.'61'!.98,98.'0!98.’0
do. Ist 48 .'94.40"1 40104 40! ...
do. 2d 4s . . .191.74!93.74/93.74/93.78
do. 44%s . . . ‘9.’:.11\"'5.16575.16105.24
do, 18t 4%s . _[04.54'94.5494 .54/904.50
{ do. 24 4%=s . .193.78/93.78/97.78/03. 80
do. 4th 4%s . .1031.92/93.92/93.92193.94
xßx-dividend.
ei e s il
lmmww.
Fifteenth in
Clearings
Atlanta ranked fifteenth in the list
of bank clearings last week, accord
ing to Bradstreel's weekly report.
Clearings in the United States for
the week ending March 13, aggre
gated $6,206,886,000, against $6,861,-
054,000 the previous week and $5,615,-
811,000 the same weck a year ago.
Canadian clearings totaled $194,547,~
000, against $201,747,000 the previous
week and $168,637,000 the same pe
riod in 1918.
Following are the returns for last
week, with percentages of change,
as compared with the same week last
year:
March 13, Ine. Dee.
h}cw York ......$3,661,032,000 17.3 ....
Chicago ........" '516,879,000 .. :
Philadelphia ..., 380,799.000 5.2 ...,
WO .. 268,126,000 Ny i
Kansas City .... 190,062,000 ... . 10.3
8t Louln ... 145,043,000 ... 5.1
IENDUPE i .uii 114858000 81.8 ....
Ban Francisco .. 115,126,000 L 0
Clevelana . ..., 81,338,000 24.7 ...,
CMENN v 71,483,000 8.8 .
Baltimore ..,,,. 70,205,000 37.5 ...
ENPOIE i, 84,400,000 39.3 ...
Cineinnatt ....,, 60,312,000 16.4 ...
New Orleans ~ 63,617,000 ... .6
APLANTA ..... 49,220,000 S 8 o
Richmond ...,., 46,693,000 27.3 ...,
Minneapolis ..., o T R
Seattle yesuns 32,040,000 8.8 e
Los Angeles ..., 36,388,000 31.6 ...,
Milwaukee .., ... 51,853,000 SBy
Portland, Ore. ~ 27,400,000 21.1 i
Louisvillo ~..., 20137000 .. 26.3
Buffalo Sl w 19,586,000 3 g
l Denyver so 4ks 26,133,000 21.5 .
St. Joseph ¥y 19,996,000 ... 15.1
9% P, 17,403,000 17.5
Houston ek 16,152,000 1.4
l!uhnnupnlns Soun 13,166,000 6.1
Nashville 5 x 15,797,000 1.0
Memphis s 17,353,000 18,9 ...,
Wash'nton, D. . 16,611,000 17.2 ...,
Salt Lake City., 13,003,000 4.7 i
Fart Warth . ... 13,069 000 2 .8
l Providence ‘ £.612.090 2.4
I( olumbus ' 11,043,000 15,3 ‘4
Teledo 11,115,000 238 .4
liew Moines ~ 13,664 voJ ST .
Tulsa g.0a3,009 33’9 110
Prtuth 4,492 000 a Sz
Oklahoma inaelooo 5% ...
Wichita 11,489,000 33.8 ...
Sloux ity in 33,991,000 17.8 . s
SUOPTIRN -ol obian 7,334,000 20.9
Bpokane .. % 7.682 000 3.1
FENSREOR e iy T3RBO 000 o
Rochester e Wen 7607000 11.8
Savannah 5 6,464 000 189
Onkland cre 7,983,000 3%7.1 ....
ARIOB ..., 7,257,000 49.6 ie
Galveston ....,. 4384000 ... 17.3
Totul, 17, ... $6,206 886000 12.1 ...
Tot. out N. Y, 2,746,554,000 8.0 ...
f s N AA A PPN 0
AAA A A A P AP I 5 A
Port Pecuipts Monduy estimated at 16«
000 versus 19,474 last week
&0 ¥
Weekly forecast over Houth Atlantle
and Kast Gulfl States 8 for freguent
showers and temporature above the nor
maul. In the West Gulf States normal tem
perutures and occasional showers,
SLim .
Liverpool was due 43 points higher on
May and 19 lower on July The market
opened stoady nt 4 to 1 points higher
At midday the market wa quiet bLut
stoady it a net advance of 9 to 10 points.
l 8.0 9 :
t - New Orieans wires; “Association of State
[ Farmiors, again protests 1o Washington
aguinst the eontinuance of the Allied Cot-!
ton Purchasing Commisaions charging they
suppress individual competition, A cables
gram was sent President Wilson asking |
him to demand that Englund, France and
|n;.|y abolish these comnissions,” 1
‘ NEW YORK PRODUCE MARKET, |
( NEW YORK, Mareh 17 <Petroleum
firm; erude Pennaylvania, 1.00 ‘
Turpentine firm, 710,47 J
Rosin steady; common, 1220 ‘
Hides firm;, native wtoers THh@l N
{ branded stoers, 264 @264 ‘
Coffee quiet; options opencd 10 to 40
points lower; Mo, No, 7 spot, 1674 :
Rice firm; domentic, B°, @lO4 ‘
Molasses firm; New Orloans, open kettle,
THEPRE; Black steap, 12@17 ‘
Sugar une hun‘fml.
Potatoes stenady: neamrby white, 2.2040
450, Bermudag, §.oo@ 10 00, Southern, 225
@ 3,00
v Reans oany ] marrow chaire 10,006
10.25: pea, choles, 7.00407.26, red kidney,
choien, 11.00611.25
Iried frults stroug: aprivot r)]‘ull ¢ to
fancy, 2527 lep, evnporated prime
‘m ruan, lT\g..f!p*; prunes, 104 to 80s,
(16%@20: Aok so 100 e, 10% @l7, peaches,
choice to (anay, ago; seeded ruom&[
choice to fancy, 9! 13
> %5
e fid
e 0y 2y
f 3 K
ee i 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, with
Sinclair 01l assuming the most promi -
nent position in that group being in de
mand from many sources and advancig
213 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 2141,
} The rest of the list moved within a
narrow range, United States Steel aft-:
er making a gain of % to 96% receded
1o 95 5-8. There were some all frac
tf"““l 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
100 3-4.
The copper stocks were not influenced
materially by the American Smelting
report, the unfavorable fedtures of
which had been known, but some of
the traders sold enough of that stock
to _put its price down 3-8 to 661-4,
. Small fractional losses were sustained
in_the other copper stocks,
There was heavy trading in many is
sues all through the forencon with
Somme important interesting supply Steel
common on a large geale on which the
stock reacted from 964 to 94%,
The oil issues were well maintained,
' Sinclair holding around 42, while Mexi
rgn'l’etroleum rose over 4 points to
18834, General Motors dropped from
166 to 161 and then rallied to 164, while
Alcohol dropped 2 points to 1384,
Atlantic Gulf after selling at 116
dropped to 113 and Marine preferulfi
‘reached 2 points to 108, while Ameri
can International after yielding 2 points
to 69%%, rallied to 70 3-8.
AAAAA A A AN
w
Corrected by General Dhlrlbut-lnf Co., At
lanta, Ga., U. 8, Feod Administrution
License No. G-DB3OI.
Acld Benzoic, U. 8, P., Ib.. 1.36 @ 1.50
| Carbolic, Cryst.) 1b.,.... .26 @ .30
. Phosphoric, U. 8 P, Ibh. 40 @ .40
E Stearic, D P, ..., IRO 33%
| Tapnic, U. 8. P, ..., 1.40 @ 160
| Tartaric, Cryst., lix .... BB4L@
Tartaric, Powd,, 1b...... A3T%L@
Alcohol, denatured, gallon .66 68
U 8. P, 100 proof, gal., 497 @
‘ Wood, 95 per cent, gal.. 1.28 y 1.50
‘Alx.qpu'e, in bags, . ... .13 @ .16
Alum. Powd, 1b......... o%@ 07%
Balsam, Cop., U. 8 P, Ib. .76 @ .77%
| Copalba, Para., Jb...... .60 @ .6244
’ Paru, Ib.....i.iaevneests 580 @ 3.46
PO D aibvevadis IR B 130
Bark, Bayberry, 1b..,¢... A 8 @ .10
Cottonroot, 1b.....5u0es 20 @ .23
Prickiy Ash, 1b,...i... 31 @ .24
Beans, Vanilla, Mex, &'lct.ib 4,50 20 6.00
. Vanilla, Mex. Cuts, Ib,. 3.00 @ 3526
Vanilla, Bourben, ib.... 2.50 8 5.00
Vanilla, Tahati, 1b..... 160
Berries, Juniper, 1b,..... .09 A
Saw Palmetto, grod, Ib.. .20 24
(7umfi:mr, American, 1b,... 3.26 @ 400
Cassl Budh b Jic.. .00 8 8 3%
Chiloroform, U. 8 P. 1b... .43 g A 4
Cloves, bales, b.......... .48 A 0
Coumarin, C. P, 1b...... 10.00 @12.00
Cream Tartar, U. 8. P, Ib. 43 @ .70
Epsom Salts, U. 8. P, Ib.. .05% D3R
G’yvelmcx . P, druma, Ib. .17
O P.ooant Ih..v.idvssv =lO%
Gum Tragacanth, No. 1
white, p0und......... 41§ ? 4.25
W B i 330 B A
Powdered, 1b......... 276 @ 300
Leaves, Buchu Short, gridd
POMME i ain RBE G 519
BEnR, ID, .coivesivanrs 28 Wt 38
Bage, IB....icivieareves 20 9 138
F Berng TR iicirossiviv 38 B 538
Kola Nuts, bags, 1b...... 20 @ 23
| Nutmegs, 10b-1108, ib..., .38 ?1- A 3
| Nux Vomiea, powd, 1b.... 13 @ .16
Olls, Sweet Almond, 1b.... 1.60 @ 1.95
ARISS, . IDi.iiiiinicinsns LS 8 L 9
Bergamot, 1.5 .. .....s: B 8 B 199
00, ID:..sssressinss 30 B 3n
LAOVE, ID. .. ..iiiseaniny R 0 8D 338
Coriander Beed, 1b,.....3000 @
JAMOR, 1D.... .05:00000 340 O LES
Mirbane, Ib......ccivieoe 23 @ 28
Mustard, 1b............18.560 @13.00
Peppermint, 1b.......... 5.26 @ 638
Sassafras, True, 1h...... 8.50 @ 8.76
Sassafras, Artificial, Ib.. 46 a A 8
Sesame, ga110n.......... 2.00
Dyestuffs: Market on sulphur and di
rect colors very firm with big demand
All above prices are f. 0. b. New York
or factory te jobbers and in original pack
ages.
e
|_ ATLANTA SEOURITIES |
| Bid [Askd. ‘
Atlantic Steel Co., com. ......| 97 1106
B 0 PYOL Liiiviesiniansl B 8 94
At. Ice and Coal C0rp........| €6 67
B PP cicacraiib Navennsl TH %
Atl. and W. P. Rallroad ....A,lxhu 165
Atlanta National Bank ......[385 206
Central Bk, and Trust Corp. ...|l4B 1153
Fourth National Bank ...... 3156 320
Augusta and Sav, Railway 183 9"
Exposition Cotton Mills ...... /185 1190
Fulton National Hank ........[117%[120
Empire Cotton Oil, commeon ..| 60 ) 2
do pref i vevsnns ] DEH] B
Gate City Cotten Mills cansss|236B ie
Ga. Ry. anl Banking Co, ...[233 (238
Ga. Ry, and Eleetrie C0.......] 100
da, % o ¢ AR R ;71 7
Geurgia Ily. and Power, Ist pf.! 654 70
a 6 30 PMsss:ivriarses 10 12%
do, commeon ~ { 6 5
Lowty National Bank ......1220 (225 ‘
Southwestern Rallrond .......| 96 97
Third National Bank Liijias 11
Trust Company of Georgia ..|276 |2BO |
Atl, Cons. BSt. Ry, 08 ..........]IOO 1102 ‘
Atl.-Chur. Airline 5a ........../6.10 |Baste
et s BN
Atianta 38, 1040 .........., 4.4o(Basis |
Atlantic Jee and Caoal, 68 ....| 93 "
Atiantic Btoel 68 .. ..........| 96 N
Ga. Rallroad and Bank. Co. ..| 85 11. 1
FINANCIAL BUREAU ON STOCKS.
‘ NEW YORK, March 17 The Crosy
movement in stocks is cxpected to eon
tinue, apecial isstes with specifie jJustifis|
cation for higher prices will probably be
elevnted by inslde or pool huying Heals |
izing iy expected to continue in other de .
partment There in short selbing of the
metals on the theery thnt their readjusts
ment is not yet coniplet ‘
WEEKLY DRY GOODS REVIEW,
Marshall Field & Conmpany in thelr
weekly review of the dry goods trade,
say
Current wholesale distribution of dry
goods is running cor lerably less
than for sthe same week of 1918
Road sales for at once delivery are
not up to the large volume of the cors
responding period r aRo.
Salesmen #re now geiting on the
road with fall lnes and an excellent
advance business is anticipated
More merehgnts we 1 the market
buying for Hn‘l immedinte needs, Ro
tall business continu most satisfnce
tary
Collections are normal
THE WEATHER,
WASHINGTON, March 17.-The outlook
i for unsettied rainy weather tonight and
Tuesdny throughout the Atlantic States
In the East Guif States and 'l'n-v\mm‘u,.
rain this afternoon and tonight will be
followed by generally fa westher 'ln.~|
temperature will rlae in 1} middie Atian. |
tie States and it will fall in Tenpessos and
Kast Gulf States during the night and
Tuesdny
Forecust By States
Georgin—Probably showers and thundere
storms tonight and Tuesduy
vorth and Bouth Caroling—Showers toe
night and Tuosday
Florida—Local rains tonight and Tues.
Aday except fair Tueaday n northwest
portion
Alnbamu-— Thunderstarms this afternoon
and tonight; cooler tonight; Tuesday fair
and cooler
Minsisgippi—Fair tonight and Tuesday;
cooler
Tennassee - Falr in weat, rain in cast
portions this afternoon and mntim; colder
tonight; Tuesday fair and o .
CONYERS MAN HAS PLAN TO
" STABILIZE PRICE OF COTTON
By M. L. WOOD,
Prominent Business Man at Conyers.
I have never before seen the time when there was such agitation
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
together and exchange ideas and plans and, if possible, arrive at some
solution 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.
T 3oAl I R
Our farmers are not an indolent people,,
They are among the most industrious peos
ple of the world, and they contribute as
much to the wealth of the world as any
other class of people. But while this is
true. they do not l‘lal‘fi Justly in the profs
its of their labors. Why is it thua? It
is for the want of proper organization,
system and intelligent management, backs
ed by sufficient power to enforce what is
done. Under the present system, or lack
of system, we go on from year to veur,
raising cotten without any uwlea as to
whether we. will be able to sell it for a
profit or at a loss
Do others who handle our cotton do
business in the same haphuzard way? No.
The manutacturer buys it as cheap as hep
can get it. He sping and weaves it into
cloth, andds a profit for himseif to the
cost of production, and sells it to the
wholesale merchant. The wholesale mer
chant sdds a profit on what it costs him
and sells it ta the retailer, who, in tuen,
adds another profit and seils it back to the
farmer, the farmer, without any volition
on his part, must pay the combined profits
of all who have touched it since he flnn-«l.
baled and sold it. But mind you, the far
mer had no voice at all in the pricing of
Mg cotton: he had never been consulted
as to what it cost him te produce it
He, unlike the miil men and all others
who touched it after it left hilg hands, was
not allowed to add his profit te the cost
of production, but was foreed te sell it
at any price fixed hy the speculator. Is
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 rems
edy for our present trouble. We are ad
vised to hold tight to our spot cotton and
teduce our acreage for the 1919 crop, and
all will be well with us. 1 agree fully
with this adviee; it is the only salvation
in the present emergency. But are we go
ing to do 1t? 1 sineerely hope we will, but,
as there is no power to make us do it
we are left in a state of uncertainty.
Yet suppose we do hold our cotton and
cut our acreage one-third, though we wili
have gained a vietory and will get a good
pruf for the cotton on hand and for the
next crop, it will be bhut a le:'nforlry vie
tory that will not reach beyo: this year.
Then we will again find oursclves face to
face with the same old troubles that have
beset us in the past. Shall we be content
with such & temporary vl(‘tur*"! it so,
we shall continues siaves to the cotton
speculators as long as we live, and when
we haye rllud over to the other side,
leave nothing more stabie to dur wives nnJ
children than the same damnable slavery
and poverty handed down to us hy our an
cestors. No. We must seek until we find
a permanent solution for our trouble,
something upen which we can rely for
all the future,
Thoukh we should leave no stone une
turned to win in the present fight, would
it not he well for us to reason together,
and if possible inaugurate some ?!tlm
whereby a recurrence of the old order of
things will he forever impossible? Our
fallures 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 learned, is thet erganization without
power to enforce action is useless. We
niay meet and pass reselutions and fix
prices, but if we luck the power which
combined effort and nioneys alone wield,
when pressure 18 brought to bear agaiust
it, our work crumbles.
Now, may 1 submit for the consideration
of all who are interested in this ‘n-nl
cause, the outlines of a plan which, if
properly workoed out hy competent farmers
and bhusiness mien, 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 financlally strong enough
and with sufficient credit at their coms
mand to assist the hanks in financing all
the cotton that will need financing In
their respective counties. lLet thess com
panies secure sufficient warehouse room
in accord with the latest insurance res
quirements, to store the cotton. Let them
have the warehouses bonded and manng
ed as n\:‘uirml by the banking laws. Let
the business of eavh county mmmlng he
administered by n competent board of di
rectors and officers.
Then, let there be a Htate federation of
all the counties in each State, and a fod
eration of all the cotton States. IHave the
whole =0 interlocked that every organiza
tion will he in vital touch with every oth
er organization, and all will co-operute for
the good of the whole.
Hy such a federation we could more eas
fly control the cotton acreage and by in
creasing the prosperity of the people, we
would bLe increasing the consumption of
cotton, ‘
When a cotton crop has advanced in
maturity to n point where its volume oan
approximately he arrived at, then through
a properly selected conumittee, ascertain
as nearly as possible the cost of its pro-‘
duetion, add a just and reasonahle profit
for the produeer, and fix the price for the
manufacturer, Let the farmers store their
cotton in the organisation warehouses, the
orgunizations advancing money on the cot
ton to all who need it, taking their ware.
house receipts ag collateral. The receipgs
can, in turn, be used by the m'u-nluuonu“
as collaters] with the banks, Have A syw.
tom of marketing the crops, both for dn-‘
mestic miils and for export, seliing as long
as the price asked, plus the earrying
;-hnr'u, is pald. but not one bale for
88,
Do yoy suy: “That sounds good. but it
ean't he done. Sufficient money can not
be raised to hack it up?*
CAN BE CARRIED OUT, 1
T admit that it is an inanense andertak.
ing and will require large soms of money
to insure its succoss, Bt my experience
and observation s that we vun do alimost
the hmnossible If we determine to do so. 1|
am aptiefied that we can accomplish this,
I believe the Bouthern people in every
CAMP McCLELLAN, ANNISTON, ALABAMA
Friday, March 21, 1919, Beginning at 9 AM.
There will be sold by Remount Division at public auction, to
the highest bidder, at Camp MeClellan, Anniston, Ala., on I'riday,
Mareh 21, 1919, fifteen hundred head of splendid horses and mules.
These animals were principally selected to be retained by the Gov
ernment, but on account of Camp MeClellan being abandoned,
must now be sold. Stoek i uperior to that sold at previous sales,
There are about four hundred hea draft horses in this sale
that are exceptionally fine, Ages of both horses and mules run
good, Stock will be sold in lots to suit buyers. There will be pens
ol leeted young mules and horses sold intaet to highest hidder,
Terms of sal Cash or certified cheel
Do not fail to take wdvantage of this wonderful H]l'w\l‘?!ll\lly
to buy splendid horses and mules at vour own price
Remember the date—Friday, March 21, 1919, and the plage—
Camp MeClellan, Anniston, Ala
FFor additional information regarding sale, wire i
R. (W. LINDENSTRUTH QM 0,8
Quartermaster,
§ . . .
- Financial Sunshine
) Directors of the Keystone
§ Tire and Rubber Company
{ have declared the regular
§ quarterly dividend of 3 per
! cent on the common stock
; payable April 1 to stock o‘
| record March 21. They also de
{ clared a stock dividend of 15 per
{ cent, payable May 20 to stock
§ of record of May 1.
w 3 WHE Willingly subseribe the neofss s
sary fumds if the mattor is properly pres= 3
fented for their consideration. Diaw't the =
entire South go over the top with subs
seriptions to Liberty Loans, war savings
stamps, ete.” We wre proud that we ga‘«g
and feel that we only did eut duty. u 5
HOW that the necessity for further subs &
scriptions of this kind is, we trust, past,
18 It not time for us to make Inve?q‘,
ments whereby we, can assure a just H;l e 3
hood fpr ourselves and our loved ones o
I'he question may be usked: “What need
have we for money when we have the Fed=
eral Reserve Systoni with its membef
banks all over the South? Why can not
they finance this scheme for us?" But the
country bauks do not want 1o tie up t
resources in cotton, and the farmers -
not reach the money in the regional b e
Wwith their ordinary warehouse receipts, &
must have a medinm through which st
fermer can reach the money market. T
Friends and fellow. citizens of Dx",:
Land, let me persuade you to think on this &
subject which s of such vital im ince
to our material welfare. If you think this
plan feasible, then let us put all our po ¥
er and erérgy and money back of it, tfl“i’u‘
push it to the earliest possible mmple&lm*:d“
But if any one can suggest a better pha*w
let us adopt it at once and get it in opers ftk
tion, for something shouid and must be *
done that will permanently Hut the bear
crowd out of business, if the mg. il
this country ever expect to share j’
profits of their labor. &
Under the plan_above outlined, T do ng‘&
want to eonvey the idea that it would ¥
a farmers’ organization eexclusively, Whilg 5
w 2 would want every farmer to become ."g
stockholder, we would also want e
nierchant, banker and members of o ’
other calling amd vocation to 'support Ea‘;,s;
undertaking. for all are affected when th =¥
farmer prospers or fails to prosper. I *
satisfied that with all the people of For
tho South backing a plan of this kind,
we would have sufficient power to absos
lutely control the cetton crop of the So ig
This would resolve itself into one
Bouthern cotton exchange, with every w
ton producer, and those of every of
calling in the Southland as members,
where nothing would be ho‘;uht or loldz:‘ 2
cept the actual cotton, and that at a A
bilized price, ¥ 5
e o——————————— B <3,
g
| WEATHER FORECAST |
§
i
.
Following is the weather so 3 gl
the cotton belt during the next 24 &
Georgia—-Probably showers, thu 25
torms. 5 ‘3:_4
Carolinas—Bhowers. fi";
Florida-—Local rains, except fair mlfl,\%
west
Alsbama-—Thunderstorms, ecooler, M,’?’q
day fuwir, cooler. iy
Minsissippi—Falr, coeler. . i
Louisiana and Arkansas—Fair, egoler. fi*
Oklahoma-—Falr, cooler, Tuesday warms'
er. i
Kast Texus—Fair, cooler; light M:M
low places,
/N
ot TN
ORI ) %)
v U 1
(¥ ""[.‘”.:'}%f :\'u
et
EwyoßD
A Secured Note
To yield about 645 per cent
T HEE HOCKING VAL
LEY RAILWAY taps
one of the richest coal
flelds: it has low grades,
excellent dock and terminal
facilities; has paia divi
dends for 18 years; and has
heen earning interest
charges 2,85 times
Its five-year & per cent
notes are offered at 081%,
Circular upon request for
GC-211,
.
The(!htlonalfity
ompany
Correspondent Offices in 35 Cities
Atlanta—4o Edgewood Ave.
Telephone —7i4l vy