Newspaper Page Text
Belated Income Tax Payments Swells Bank Chearings Here to Nearly $14,000,000, or Second Greatest Total on Record
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lot i o M N
By VICTOR BARRON.
Atlanta bank clearings Monday. ... el Lo B e
e g TR B R 8,726,621.63
e ...$5,125,214.80
R el 9,746,923.14
PR SRR e R 4,429 473.33
* * *
Atlanta spct cotton WY ... o e
IR W. . e eR,
PR B YN . sss, S ERe
ILT e ... 19.00¢
0%
. Atlanta cotton statement:
; 1919. Last week, 1918. 1017,
St - 685 743 420
Shipments ... ..... 449 106 456 438
pOtooks. . ..... .. .. 24814 24,801 53,941 72,500
.. 1 500 1,223
* * E
Atlanta’s in.co_me 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
ban_ks Mond_a\y were the second greatest in history of this city, aggre
gating $13:8514836.43, as compared with $8,726,621.63 the same day last
year, a gain of $5.125,214.20,
For several weeks clearings on Mondays have averaged slightly
more than $9,000,000.
Officials of the clearing house said they never before handied 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 husiness to
the amount of $14,022,838.70 was handled by the clearing house. The
* high mark previous to that total was on October 10, 1918, when clear
ings amounted to $13,790,041.84.
** - i
Cotton continued its rise Monday, with trading active and price move
nent swift. Stirred by decidedly unfavorable weather, together with strong
| uiverpool cables, better dry goods situation and the protest by the Associa
}a,,,.ax.;.:.m«--w~'»»-f»----‘ tion of State Farmers to Washington of theAllied Cotton
g . '“' Purchasing Commissions charging that they suppress
57 @R individual competition, which was followed by a cable
" ”)fi § gram being sent to President Wilson asking him to de-
E : mand that England, France and Italy abolish these com
;_;,-_.'_":7" g 3 .missions, the market scored a material gain on the
b _';«. =59 POAE opening and immediaetly established further gains.
’5" Liverpool and commission houses were active buy
‘M> ,““» ers at the opening in New York, which was 75 points
;/m higher to 25 points lower on old contracts, while new
‘?“ options started 23 to 50 points higher, the latter being
& k- in strong demand with offerings light. Before the end
t‘ of the first thirty minutes of trading old contracts had
Pac i risen to a net gain of 55 to 75 points, while new styles
A exhibited a net gain of 52 to 60 points, with July in the
Gk & 5 lead, May reaching 25.20, July 23.70 and October 22.18.
o Values at New Orleans at the top displayed a net gain of
SE———¥ 35 to 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 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
Aous¢ buying at the start which led to
an advance of 11-4 to 41-4 from the
previou: close. Trade was active nnd;
mized, with unsettled weather th¢ in
centive for eariy buying. 1
Oats startéd 1-1 to 3-1 higher on scat-
Ytered commission house buying and ‘
scarcity of offerings. The volume or‘
busines®® 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
1.51% during the late forenoon, 3% cents
net higher. May reached 142, July
1.36%4 and September 1.313-8. The low
on March Saturaay was 1.43%.
Oats recorded & further gain, with
May reaching '61%, 2 3-8 net higher.
y July rose to 63% and September 60.
Provisions were 95 points higher on
pork.
Grain quotations:
11:36 Prev
Open. High Low AM Close
FOMN-
Mr. . .140% 151% 146% 161% 14TH
May, .. 138% 142 139% 141% 138%
July . 134 1361 134 18638 13214
Bept. . .130% 131% 130% 131% 127%
QATS—
Mor ... i . 61
May . . 63y 6414 63% 64 617%
July . . 62% 631% 624 63% 62
S-gt‘ .. 693 60 591 60 58 %
ORK--
May . .45.70 45.70 45.70 45.70 44.18
July . .42.70 42.70 42.60 42.60 41.75
LARD—
May . .27.65 27.66 27.55 27.65 27.05
JUly . .27.10 27.10 27.10 27.10 28.60
RIBS-—
May . .26.10 @5.17 25.10 25.17 24.02
July . .23.85 23.87 23.85 23,87 25.37
A A A A A A A AAP
‘
{ FERTILIZER MATERIALS |
R A A A A i it
CORRECTED BY HERRY COHEN,
U. 8. Food Administration License No,
G-27360,
Nitrate of soda, 96 per cent, prompt ship
ments, 4.30@4 42% ex store or ex vess.!,
Bouthern ports.
Sulphate of amponia, bulk, prompt
lh'll[mmntl. 65.00 ¢, a. . Southern points
+ Trona Knmuh muriate, 4u per cent K2O,
prompt shipments, 3.76 per unit available
your station
Nebraska potasgh, 22 per cent@i3 per
cent, K2O, prompt deliveries, 4.00 per unit
¢ w. f. your station.
Acld phosphate, basis bulk 16 per cent
at 15,00 Southern ports, 16 00@16.560 Inte
rior points,
Cyaunmid, February, March lhl{\»monu.
.76 per unit..ammonia, f. 0. b, Niagara
Fuils, N ¥
Pueker's high grade tankoge (ground),
580, 10 cens hiuilk, 1. 0. b. Chicago.
Packer's high grade blood, 6.00 £, o, b,
Chicago.
Houth American bleod and tankage, 6.00
L pitiniore i bags welghed in gross feor
net
Lobates stems, 6,00 per unit, Ammonia
4.25 per unit, petagh freight to be allowed
'uu&lim:m in bags, bags returnable.
L#ne stone 2450 . o b, Knoxville,
Tenn.
AMERICAN HIDE & LEATHER PLANS,
American Hide ahd Leather Company,
it I 8 understood, plans to anticipate its
outstanding bouded indebtedness maturing
Beplember 1, 1919 After allowing for pur
shm under the sinking fund, a total of
2,526,000 bonds will be due as of Bep
tember 1. The company has a surplus of
cash on hand and is in & position to buy
up bonds in advanee, nt par and interest
Blimination of the sinking fund pro
vision of the mwrigage indenture will save
$660.080 & yewr. This sum is equivalént
el Bet T
Following shows the rainfall at
leading points: Oklahoma City, .04;
Galveston, .02, Pajestine, 1,08;
Shreveport, 1.12; Memphis, 8.94;
Vickeburg, 1.10; New Orleans, .52;
Mobile, 2.58; Merfdian, 1.58: Nash
ville, 4.44; Houston, .71; Birming-'
ham, .68. 5
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 i} 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. I quote from the weekly
review of one of New York's largest
financial houses: “And cotton plant—;
ing will proceed on an inereasing’
scale from now on. How absurd! \
| ib s '
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{ ATLANTA MARKETS | }
AA A A A A AANAN S
’ (Corrected by Cene M. Maddox.) 1
| Administration ljfomue Number G-06583, |
Apples. |
| Bvaporated, 60-Ib. boxes .. ........ 18
| Baking Pewders, 1
Buccess, 48, B 8 L 5 o heve ave A
{Rumford’s, 1 SOURA ...c.iciinessn 388 ‘
')\'umford'l, HBpound ~i.onnseesnee 5.06
| Bran. ‘ !
Pillsbury's Medicinal Health Bran.. 1.60
Beans, 1
California_Limas, 100-pound bags. .09%
Canned, 24%m, String ......,.., 460 1
{ Catsup. ‘
| Bull Head, 24 f-ounce .......... 3.00
{ROyEk 30, G-ounce ......iieanpes 630
|La Creme, 24, 8-ounce ~....... 0. 300
: Cerenls.
| Post Toasties, 36 packages ...... 410
Kellogg's Corn Flakes, 3¢ packages 4.20
i National Corn Flakes, 36 packages 3.60
i Krinkle Corn Flukes, 26 packages 3.40 ‘
Grape Nuts, 2 dozen packages .. 285 ‘
| Pillsbury's Vitos, 1 dozon packages 2.20
Coconnut,
| Arbuckle's, 100-Ib. cases ......... 27.00
Arbuckle's, 36-Ib. ca5e5........... 27.59
Blue Ribbon, 1-Ib. can5.....e000... .38 |
Perfection, 1-Ib. pkg#®. .....ceovuess .28
Compound. 1
‘!Lnrd Compound, 60-pound tubs. ... 24
| Snowdrift Lard, 6-88 ............ 13.36
Snowdrift Lard, 12-48 ............ 13.5¢ j
[ Fleur. :
Bweet Marie, Self Rising, 34-Ib. \
b SR b e v oSR |
| Bweot Marie, Self Rising, 42-Ib. ‘
R R v e e T
| E-Z Bake, Plain Patents, #4-Ib. |
, T RO T el
E-Z Dake, Piain Patent, 4¢B-Ib, |
F RO e g ivdvaes JRAE
{ Pillsbury's Best, 24-1 b 5ack5....... 12.75
{ Cern.
{No. 2 Btandard, 24 can 5.......,.. 3.46
| Holaniana's, 34 ARETT 310
| Houghland's, B iicessenens 5
! M.
‘ Carnation, 96 6-ounce can 5........ 580
Carnation, 48 118-ounce can 5....,.. 6.26
1 Dime Brand, 48 11-002. 0an5......, 6.95
Eagle Brand, 48 16-o%z. can 5....,.., 9.60
{ Mince Meat,
| Atmore's 1-pound bricks ........ .20
{ Atmore's Condensed, 26<pound kits .18
{ Union Ceoking Oil, drums ...... 166
| Weasott, 24 DIBEM . viiviiuividenss 180
No, 2 Georgia Table Peaches ...... 3.60
! Mucareni,
| Red, Whiteand Blue, b and 10e .. 1.90
Bulk, 20<pound Hoxes ......vcono4 Bt
Ol
YEAnaon, 8§ IREWE 40l v viiiiieias. YOB
FAORBOR. B 8 BREN . i e el
iw-»lmm. 2 S-gallons Vn ke hswrisn SNO
Clrn,
.24 No. 25, Dwart, canned ~.... 5., 388
{ Penches,
’No. 2% Georgin Pile Peaches .... 3.60
: Molneses,
{ 0-00. Loulsiana Molusos, bbls., ...... .38
{ No. 12, New Orleans M01a55e...... .39
| Mustard.
124 T-ounce jars cieuniengeesanes 520
{ Libby's, 84 S-ounce ...... ..eo:ee 5.8
[ 18 o e 2.00
urity, round DACKAEeR .. v.....
| Fruit Jues,
| Half gallons, per gross ........., 11.30
QuUArts, Per Bro#s .......cciooooos 940
PR DY BVRE Y ekA ’.”
CAPS, POr Eroßl .......vicssesssss 828
‘;Kmx-, PUP-EVP. . sinivyarvvarsy B 3
| Houstands, 40 20p o 2.40
| Hougland's, B is o ivieiisie 3
| Peanut Butter,
24 S-ounce jars, Kellogg's ...... 440
| Peas.
[No. 2, extra sifted, 2 dozen ...... 4.78
: °'=m".' is, N. Y. ceve B 9
| No. 2 Ve, L N, ';v t o
e MAyR RN LLS
TR o Saksn B S T G P I - s
MARKETS AND FINANCIAL
I§tk fie :
Ladé
NEW YORK, March 17.—The cotton
market opened very steady with new
contracts furnighing the trading feature.
Under active Liverpool and commiasion
house buying they started 23 to 00
points higher with offerings limited. 3
The old contracts were, as usual, very |
irregular, March starting 75 points hlgh-u
er, while the other positions 5 higher
to 25 points lower. After the upeuil\g‘
the market continued very strong an
active, with new contracts moving up
10_2-1.‘.’.0 for May or an upturn of 60
points over Saturday's close. Old eon
tracts rose 556 to 76 net. \
The market held strong during the
late forenoon, realizing sales being read
ily taken. |
Naw York 11 a. m. hids to Liverpool
wera: Old, May 24.20, July 23.05, October |
21.75. New, May 26.06, July 23.50, Octo
ber 21.75.
New Orleans 10 a. m. bids to Li\'vfl:gou]‘
were: Old, July 23.41, October 20.95.
New, May 25.06, July 23.54, October
21.52. .
NEW YORK COTTON,
Old_Contracts,
| | | 12:30] Prev. ‘
!Open|High| Low|P. M.| Close._ ‘
Mar. . . ,127,00/27,00(26,70126,75126.25-50
May . . .|24.00{24.560/25.70124,40/23.24-95 |
July . . .123.80 3.1.m-;:.mnz:;.zmz.nn-uo‘
Oct. . . .121.05121.85121.06{21.75/21.80
Dec, . . ,122.10{22.1022.06/32.06/21.60 ‘
goN o S ootSO TR
New Contracts. g
May . . .124 85125.20i74 BKI2K 08124 .62.70
July . . .123.60/23.70]23.47123.47]23.10-18
Oct. , , ,]22.00{23.1:751. 95121, 06[21 6675
Dec. . . .[121.96122.00121, 80171, 20191 R
Jan. . . .]21,85/22,00/21.85/22,00/21.45 {
MEW ORLVANS COTTON.
Old_Contracts.
, | I [12:30] Prev.
Open|High Low |P. M.| Close.
Mar. . . .]26.60/26.70/26.58(26, 68)26. A 5-25
Moy . 195 00125 00124, 78124.90{24.50
July . . .]23.50]23.59(23.41]{28.58(23.10
Ui s <jE21.21121.%3120.86;20.93/20.50-65
Dec. . . .120,51i20.60{20.27/20.60/20.256-35
New Contracts ERDS
BN iil i eA TN
May . . . [25.20i25.23i24 93124.93194.72-76
July . . .[23.50{23.59]23.41]23,58]23.10
Oct. . . .121.76121.75121.46i2).60121,16-17
Dec, . . .[21.27j21.27]21.15{21.16/20.86-90
LIVERPOOL COTTON.
Futures opened steady.
LIVERPOOL, March 17.—Cotton futures
opened wuiet today: spot quiet; prices
steady; sales 3.000 bales. American mid
dling fair, 17.72; good middling, 16.39;
middling, 15.76: low middling, 14.71; good
ordinary, 13.19; ordinary, 12.66,
Closed steady. !
Prev.
Open Close. Close.
March.. .. .. ..16.34-16.43 16.38 16,33 |
EPBE. .. L. s AR eIR N 0 15,6 1588
MAY .. .o o +.1033-14.36 '14.30 1439
RUBS . Ly G iA3O 14.10 14.10
July .. .. o 0 . 13.42-13.57 13.89 13.38
August .. .. .. ..13.72-13.93 “13.64 13.62
September .. .. ~13.83-13.60 13.42 13.41
ATLANTA COTTON SEED PRODUCTS,
U. 8. Fixed
Descriptions— Prices.
Crude ofl, basis Prime ~....0.00n0 a 7
Cotton seed meal, p. ¢. common ..$55.00
Cottorn seed meal, T p. e Geergia
commai rate polnt . ... .00 00.4 . 55,00
Cotton seed hulls, loose ..........., 16,00
Cotton seed hulls, sacked ~......n0minal
Linters, clean mill run ..7.........8 467
ATLANTA COTTON DIFFERENCES,
White.
MAGRIEE Walr oo i vavin S OB
Strict Good Middling .............138 on
Good MUAANNE . .... .., «ssanne i 110 0N
Birict . MIGAUMBE - i oinnarskaveis g 0 o 82 00
PEIARISHE" .. o . RT i wy sene s RN
Striet Low Middling ......,......225 off
Low MIAAUDBE ..o .. i i sl B 0 SER
Yellew Tinged.
Good Middling £ o a 3 IR R
Striet Middling By ciaan s SNO BEL
Yellow Stained.
00l MIdAMBE .- . vvines . 000 OFFf
oz . .
Cities Service Earnings
o
Show Good Gain in Year
Gross income of Cities Service Company
for January, 1919, was $1,853,698, whila
net income available” for dividends, after
payment of expenses and , interest
charges, was $1,683,869 After providing
for preferred dividends there was left
a balance for the mouth available for
dividends on common stock, reserves and
surplus of $1,344,069
For the twelve months ended January
31 gross income ¢f Cities Service Company
was $22,103,203, compared with $19,429,
508 for the preceding twelve months, with
net incoine after payment of all ex
penses, taxes and interest of $21,169,685,
The balance available for dividends on
the commoan stock rogerves and surplus
for the twelve montls was §17,127,808,
compared with $15,201,332 for the twelve
months ended January 31, 1918,
. 3.5 »
Sinclair Gulf Co.s Net
Before Taxes $5,000,000
Sinclair Gulf Corparation and subsids
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
dopletion, depreciation and Federal taxes
The report says:
During the year subsidiary companies
produced 5833765 barrels of crude ol
and sold 7.367.196 barrels
REPUBLIC RUBBER.
Annual teport of the Republic Rubber
Corporation for the year ended Decems
ber 31, 1918, shows aa follows: Gross
sales, $15,749,627 operating expenses,
' $14,189,460; balance, $1,660,167; other in
cotne, $16,943; total income, $1,677,110;
plant depreciation sand interest, $576,007;
net profit, $1,002,103; capital stock issue
expense and Federal taxes, $399,100; suce
plus, $602,913
\ cnmasrmmiemsct i i
; ST, LOLIS LIVE STOCK MARKET,
’ BT. LOUIS, MO., March 17.~Cattle:
Receipts, 5,600, Market steady Native
beef steers, 11.50@18.50, vearling beef
steers and heifers, 9.50@16.00; cows, 10.50
@ 13.60; stockers and feeders, 10.00@12560;
calves, 7.75@18.00; fair to prime yearling
beef steers, 10.00@18.00; heef cows ’and
heifers, 7.506 15.00;) Southern prime yearl
ing steers and he yslvw 6.5068.00
Hogs: Receiptaf 18,500. Market 15 to
"_'m- lower Mixed and butchers, 19,00
| 19.60; good, 19.40@19.60; rough 15.00 @
17.76% lights, 18.80@19.10; pige, 15.00@
17.76; bulk, 19.00% 18,50
Sheep Receipts, 700 Market steady
Bwes, 8.50@11.26; ecanners and choppers,
5.00@9.00; Inmbs, 1876001926
+ Salt.
Ozone, 25 2-pound packages ...... JI.OO
Chippewah, 100-pound bags ...... 117
Baker's Balt in barrels .........0 485
Sardines,
¥ Ol Keyless, 100 can#. .....cive, 600
1, Mustard, Keylesa, 1008, ~..,4,, 0,00
W% Oil Carton, keys, 1008 viekeren o TAR
Sonp.
Clean Basy, 60 burs Eorvanes 388
WhHItH ROME ..v.ci v cariinnnnces B 0
| Soup.
Campbeli's Tomato sisrsnsnans 408
Postum,
1 dozen large, regular ... ...veeoo 5,38
2 dozen smull, regular ..........00 4,70
Assorted, regular svesssnaneess 360
’ 1 dozen large, INSLANt .. ...oieiges 450
2 dozen small, instant ............ 8.40
Assorted, instant ssannepdesarss OB
i Syrup.
Bagle DBrand, Dbarreis ........., A 7
Fancy Sugar Syrup, light ........ a 5
Refiner's Sugar Byrup .........000 65
Alagn, 6-10 s sisrvheranasazsics B 9
AIDER, 1358 ...cqisssnvanrsnsans L2B
AIBER, B-138 . ..ccovniieivivensees 1.00
Bonith, 6-108 .........covoooooooo §,OO
BRI, 13-B8 icvvocrssennsoinies: 5.38
BEBItE, 48-1 %8 ..cososvcrsssisnies 8,00
Fairday F4B-1%%8 . .ociovvvvesncnes 5,40
Pairday, 48-18 .. .. ccivenserrncs 440
Starch. .
Arge, b-pound packages, § to case [k
; White Flsh,
100-pound kegs, Lake Herring ... 8.58
60-pound kegs, Lake Herring .. 6.85
g-pound kits, Lake Herring ....., .88
All goodts gquoted f, o. b, Atlanta, Geor
a, net cagh
# . Vienna Sausage.
lOhy's, B-%8 . .ocoaiiiieiiinee s 600
Q’engrkSth}ngtaj{rgnfl
:30|Prev.
SIOCKS g Low . . Closs
Anlq-f;;nlnn‘ru eoool 6% 34%| 34%] 36
o pref. . )nd caceend wiend BNk
NI .Gt vl LR l;
DB AR, ot i) es)b bR
Amn. B, sugar . .| 6| T4%] T4l4| 4%
W el N STI el s B
A, H. and L. .0 18 (a 71@ |lB
Amn. Can . .. IT%| s6%]| 47 | 47%
Amn, Car Fdry, .} 60 | 59%] 60 | 90
Amin. Cot. Ol 0. .| 46‘&.' 461, 465 45
Amn, Loco. ... .| 67%4] 66%/ 67%| 67%
Amn. Smelting . .| 665%| 66| 66% ' 66%
Amn, Steel Fdrs. .83 181 |Bl 8016
Amn, Sugar Ref. a Kowia oy wa A...111fl
Amn. T. and T. ..[lO6 (105 (105 |lo:§i
xAmn. Woolen , .| 55 | 654% | 65 ;0 %
AR Tinaeed i 00l ..4.1 el 487
WP o
At. G. and W, 1. ..{ll6 (113 114 [|115%
do pref. . .| 97 | 965%] 96 | 9T%
Amies Woty Lo ] 1900
Amn. Suny. Tob, ..'116%(118% 1161 114 |
TRRI RO LUy E o ) ikl ST
Ams. W Papatr ', ] Vet i) 98
Alpska Gald . .| ... oaal seell B%
Anaconda , .... .| 60 | 59% ¢0 | 60
AR . E et ; oo 929
Baidwin Loco. . .| 88% 863% 881 874
Bal, and Ohio . ‘ vibs] Rhe o Gl B
Booth Fisheéries . . ] ' e} 104
Beth. Bteel pref. . i...| ....] .../ 104%
Beth. Steel B . .| 66%/| 65 | 65% 66%
Drogk.- R, T, l 23! 23y !3‘,’.‘ 22%
Butte Buperior . .| ‘ syl svis IBN
Onlc Patrelenin” . . dn bl Al dal g
xdo pref. . .l } r ke od B
Can. Pacific . ‘ griihiss -] EanofBERY
Ches. and Ohio . .| 58%! 581, BBY | 68%
G onE W W« s ok T
Col. F. and I. . . 44% 43%[ 408! ;fl!fi
C. M. and 8t P. . | 39%) 39y | 39| d 7%
Get e b 'oiik N
Ohino Copper . .| 33%! 33%| 33%| 33%
enaot G v s l Lke
('nrl\ Products . .| 51 | 0% | 50% | 501
Crucible Steel . .| 68% | 67%]| 67% 67%
RN B B A et A eTR
Cubap O @agar . .1 .00 4 o 0 3%
doopret. ~ {0 (T 4 P lm
Chile Copper . .| 18 18 18 18%
Chandise Mater o il GGI Gen 138
Columbia Gas . . . ' s Pl A
B N el e LD
Dist. Securities . {65 [65 |65 6414
e e Le T
do pref. lat . .| 20%| 29%) 29%] 29
oo et A Lt L AT
General Bleetrie . .| ....0 ... o 58y
General Motors . ./16657%1161 [164 165%
Goodrich Rubber . | 67%| 67%! 67%/| 67%
Gt. Nor. pref. . .| 93%] 93%| !3\;‘ a 4
Gt. Nor. Ore . .| 43%] 43%] 43%] 43 |
B Wl A et e l 8%
Gulf Statos Bteel . . ....| ....} ....} 86
T. Central . . ”' iiaul 98
Inspir. Copper . .! 45%!| 445! 45% 45%
mteehars . o> o] ! viiglicisl B
ae - geel. . aiil ok cual ol 19N
Inspir. Copper ...! 451 44% ! 45%! 45%%
INEODOTO -, o oo ) 1 ‘ ot B
80 e s i i 19%
Ind. Alcohol . .i 142 [138%[140%[140%4
Int, Nickel ~ .....| 26%] 25%| 36% ] 261¢
Int. Paper . ~..| 45%| 456 | 45%]| 45
Kan. City Sou. .) i ]| 20
e e
Merchants 1
‘ \
Are More {
Confi ‘
onfident :
A A A A AA A A AAA AAN NNN
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 confidenee. 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, 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,
“C'ollections are good. Merchants
have been in the market in about the
same number as corresponding period
last year.” .
e A AA A AP it
$
FINANCIAL NEWS %
AR AR A AR ASN S 0
American Smelting Co. earned $56.67 a
ghare onsthe common stock in 1918 versus
$22.69 in 1917.
pimn
Studebaker Corporation earned $10.38 a
ghare on the common stock in 1818 versus
sO.ll in 1017, l
. - .
American International Corporation
carned $7.44 a share on its stock in 1818
against $7.49 a share in 1917
-.- ‘
Leaders of Mexican Chamber of Depus |
ties say oil laws will be completely ree
formed go as to protect righte of all com
panies co-ordinating national and co-op
erate interests.
ATLANTA PROVISION MARKET, |
(White Provision Co,, U. 8. Food Admin
istrption License Neo. G-21371)
Cornfield hams, 10 to 12 average, J4de.
Cornfield hams, 12 to 14 average, 33%e
" Cornfield skinned hams, 16 to 19, 36¢
- Cornfield pienie hams, 6 to §, 24e. 4
Cornfield breakfast bacon, 48e. \
| Cornfield sliced bacon, 1-Ib. boxes, 12 to
| case, 63¢
| Grocers’ bacon, wide or narrow, 3éc. \
Cornfield pork sausage, fesh link or
bulk, 22¢ ‘
Cornfield wieners, in 10-Ih. cartons, 2%,
- Cornfield wieners, in 12-1 b kits, in
plekle, .25 ‘
- Cornfield Bologna sausage, in 25.1 b.
hoxes, 18%¢ ‘
Cornfield smoked link sausage, in 26-Ih.
hoxon 1850 ‘
- Grandmother's pure leaf lard, in tierce |
baris, i2c ‘
‘n,"lilllflly style pure lard, tierce bnmn.‘
e,
Compound lard, tierce bhasls, 24%e,
D, B extra ribs, 20%c
D 8 Bellies, medion average 320,
D, B bellles, light average, 12c.
ATLANTA LIVE STOCK MARKET. :
(Corvected by W. H, White, Jr,, President
of White Provision Co., U. %, Fomd Ad
ministention License No, G-211471,) ‘
Good to choiee steers, 860 to 1,000 11 00
@11.60; good steers, 750 to K6O, 10009
1060 moedivm to goond stecrs, 650 to 750,
D E0GE10.00; medinm to cholee heef cows, |
60 to A6O, Y00@960; medivm to good
cows, 050 to TBO, T 0@ K. 50; good to cholve
heifers, 5560 to 650, T50@8.50 ‘
The above reprogents ruling prices for
good quality sod cattle, Inferior grades, |
dairy types and range eattle gnoted below : |
Medium te good steers, 700 to 800, % '.n‘
@ 0.50; medinm to good cows, 600 to 700 |
75040860, mixed common cows, 6006 |
7.00: good fat oxen, 7.50@R60; good
butcher bulls TOoo@ sOO cholee veal |
alves, 7,008 9.00; vearlings, 6.00¢57 50 ‘
Prime hogs. 166 to 226, 100 G 14.50;
light hogs, 130 to 165, 13,00 15.60; hea.y
pigs, 100 to 130, 12.00@12.50; light pigs, |
1!\1: to 100, 11 Dhfll'_‘i\l) ‘
‘ The above applies t¢ good guality mixed
‘v.;. hogs ;
- e - ‘
‘ PEERLESS TRUCK AND MOTOR, ‘
| The Poerlons Truck and Motar Corporas
tion has pnid for and canceled approxi
mately $£2.300 000 of its $5,000,000 8§ per
cent convertible note issue dated, Noven;-
ber 10, 1815, and due in 1026 n'.’h in the
treasury 18 equal to the remaifing out
lnmn-hnx notes, amounting to about $2.-
700,000, The company is doing an excop
tionally Jarge boniness, nm(upn‘wngu cars
fd this year will probably establish a
new high f.grl. i ok a 5
112:3 kPrpv.
STOCKS— Hight Low. P. M.|Ul'se,
BYBDB. .« saved] aues] snie] aoi[ll6%
Kennecott .., ~ . 30 [3O |3O ]3O
Lack. Steel . . . | 68 69 e ul|
Lebigh Valley . , J ... |{ 6614
B W NLI el i (3L
Maxwell Motors ..| 3936 9% 39% |39
do. Ist pref. ..| 67 67 | 67 | giee
do. 2d pref... .| 30%| 30%| 0% 31
Mo. Pacific (new) ‘24 24% | Nh‘ 4%
Mexican Petroleum PH 1854 (187 1111 l
Marine. . . . . . .| 26%[ | 263 2%
do. pref. . . .[llO% lfllhtlnih;l]’gl‘
Miami Co, P b wsand eswal taie] 389
Midvale Steel .. . “‘,it SSO L s
National Enamel .} ....| ‘ cooa| 169
doo s o o el 50%
|N. X. Central .4 o .ol B .»6:,\;
Fseenti doiing
National lead . .| ....| I ....|“I
Noalll W, .o oo] oot cond iAO
Northern Pacific. .| 92% | #2%| 92%| 93
Nev. Con. (‘u{‘\per ; el ‘{gh
N. ¥ Aprbrake . .| ... l
l()hio Cities Gas . .| 39| 38% ”'ai 8%
Pitts.-W. Va. Coal | 36%) 36%' 6% ...
Pan-American Peotel 82 | 81%] 81%| 80%
Pacific Mail . . . .| 3341 fllll’q 3% ...,
Pennsylvania . . . 44%| 44%] AR
Pilerco-Arrow . . | ..oof oo o] MY
!l'eople’: TR« Sl s ....,.A..1n%
‘P. Bteel Car . , . ook waeliwin ol TR
Pittsbupg Coal . . .| 49 49 | 49 | 48
Pierce Oil oo M 8 1B 18% 18
Pullman Company ) caed .../.‘lls 2
Ray Consolidated .| 19% | 19%| 19 19%
Reading . . . . .1 84 ‘a:«w ma'.i 5.::%
Rovyal Dutch (old).! 93% ! 92% 9315} 92
R. I and Steel . .| 81 | 80%| 30%| 813%
Dl & ol o] i) ....jlofl,.
Rock ldx\l\d’. asel.‘vt of i ;1%
B D oyt G sl e 7
| do. pref. 8.," 65 %
XRy. Bteel Bprings.f ...of «ooof sunn 21?2
Bears-Roebuck. . l kit oo i YRR
Bloss-Bhertield . . .| ..iuf ..ol coui] B 4
Southern Pacitic . .[{lol% ww.’low. 102
Southern Railway .| 283 28% | 288 2814
A, pret.. . .j....‘ Sha it cas l?a
Studebaker . . . .| 64% | 634 644 63
do. pr-l-r, by ‘ Gotha ik ;g
Sinclair Ot . . . . ¥
Tobacco Products .| 87% 87 37:3 'ZK
gfi?nd;‘opper. Vi Caak vik eiy “
T VERMO v bl sl v e
Toxps O ¢, L 0 HQ& 211% 213% (200%
Texas Pacific . . .| 33 329 334 a2l
United Froit | . .} ..o coaid 22000178
Union Pacific . . ./129 (129 1129 |120%
o Y . Ir .
U. 8. Rubber . . o 8614 84% | 86% | 85 %
U. 8. Steel . . . .| 9614| 04%| 96| 95%
B 0 PO i e .A.,‘A.,.!nl":’
. Cigar Stores . (13534113314 (13614 11337
Utah Copper . . .| 69%! 6915| 698 6915
Va.-0. Chemical. .| 58%| 68 | 68 | 67%
Webash . . ... 8 8§ | 8 | 8%
do. pref. A . .| 34 33%| 33%! 34
Western ¥nion . .| SBl4| 88151 BRIL| 88 %
Willys-Overland . . 294! 283 293 28
Westinghouse . . .| 407 463 | 46% 4567%
RIS MR & | ciob aeet ba-t| 84
Wilson Packing Co.i 77 ! 77 77 76 %
INDS,
U. 8. Lib. 3%8 . .98 06/08,06/08.96/98.90
do. Ist 48 . . .{u.w}n.mlu.w;
do. 2d €5 . . .i03.74193.74/93.74/03.78
do. 4148 .. . .|95.16/95.1695.16/95.24
do. Ist 4%s . .[94.54/94.54(94.54/94.50
do. 2a 4%s . ,'93.75!93.78"3.7!‘]3,!»
do, 4th 4%s . ‘_9.1.92'93.’2!93.92113.94
et S LR oo NS - IRIND . DRINS Nl{9s -2
xEx-dividend.
ettt e et
l SRS A A
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 18, 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 $194,547,-
000, against $201,747,000 the previous
week and $168,687,000 the same pe
riod in 1918.
I"ollowing are the returns for last
week, with percentages of change,
as compared with the same week last
year:
. . March 13, Inc. Dec.
New York +7....53,661,032,000 17.3 ....
Chicago .....,,. 516,879,000 ... T
Philadelphia .... 380,799.000 5.2 ...
SOREON -v.. . 268,126,000 W s
Kansas City .... 190,062,000 ... 10.2
St. Louis ...... 145,043,000 ‘i 8.1
Pittshurg ...... 114,386,000 81.8 ....
San Francisco .. 113,126,000 S Tabe
Cleveland ....,, 81,338,000 24.7 ...,
Omaha ......... 71,083000 6.8 ...,
Baltimore ~.,,. 70,205,000 87T.6 ....
eeatt i, 64,400,000 239.2 ....
Cineinnati . .\.., 60,312,000 15.4 ...
New Orleans ... 53,617,000 .... .6
ATLANTE ..0 49,220,000 Bl e
Richmeond ...,.. 46,693,000 27.3 ....
Minneapolls ..., 35,063,000 ...
Heattle 32,040,000 6.4 <vus
Los Angeles ..., 46,388,000 31.6 ...,
Milwaukee ... .., 31,853,000 & s
Portiand, Ore, .. 27,400,000 21.1 ...
Louisville ....,. 20,137,000 ... 25.3
Butfalo .. ....... 19,586,000 W B
AMBERE Ly 26,133,000 21.5 oy
St. Joseph ...,. 19,996,000 ..., Ib.l
B PR e 17,408.000 17.6 ...,
Housten ......,, 16,152,000 1.4
Indianapolis ..., 13,166,000 6.1
Nashville . ...... 16,707,000 1.0 ine
Memphin ......, 17,363,000 16.9 ....
Wash'nton, D. C, 15,811,000 17,8 ...,
Salt Lake City., 13,003,000 4.7 Vi
Fort Warth ... 15,068,000 % 9.8
Providenee .. 8612000 i 2.4
Columbus .., .. 15,065,808 133 ...
| Teledo s v ILARENOO 988 Ll
|es Moines ..., 1808000, 2% ...,
T $.088.080 157 ..
Duluth 4B 1,482,000 3.3 vty
Oklahoma .... 10,601,000 .8 wiiw
Wichita & i 11,489,000 23.8 ...,
Sioux Oty ..... 13,891,000 17.6 e
! Dortoll oo eiini. 7.334,000 20.9
Spokane ........ 7,682,000 ~ 3.1
llur(‘ror«l Gk s 7,380,000 48wt
Rochester ...... 7897.000 3.8 ...
Savannah ...... 6,464,000 o 7 R
Oakland ........ 7.993,000 37.1 ....
Akron T. 267,000 49 .6 ‘g
Galvesten . .... 4384000 ..., 17.2
Total, U. 8....86,206,886,000 12.1 ...,
Tot. out N. Y. 2,7456,854,000 .0 ..
{MMW
AAAAAAP AP AP NP I
Port receipts Monday estimated at 16,-
000 versus 15,474 last week
- . -
Weekly forecast over Bouth Atlantic
and Kast Gulf States is for frequent
showers and temperature above the nor
manl, In the West Guilf rtnhn normal tem
peratures and occasional showoers,
B e
Liverpool was due 4% points higher on
May and 19 lower on July he muarket
opened mtendy at 4 to 12 points higher
At midday the market was quiet but
steady ot a net advance of 9 to 19 points
.y N
t New Orleans wires: “Associntion of State
] Farmers, again protests to Washington
againat the continuancs of the Allled Cot
, tun Purchasing Cotuniissions charging they
suppress individual competition. A calle
’gum: was sent President Wilson asking
him to demand that Bugland, France and
lllul) übulish these cominlssions
l NEW YORK PRODUCE MARKET.
i NEW YORK, Mareh 1 Putroleun
firni; erude Pennsylvania, 4.00
Turpentine firm, Jl% W 72
KHosin steady; common, 12 20
Hides firm; native steers, 274 @28%
branded steers, !611.26';
Coffes quiet; options opened 10 to 40
points lower; Rlo, Nn. 7 spot, 16%
Rice firm; domestie, SB, @lO,
Molasses tirni; New Orieans, open kettle,
TH@ R black strap, 12@p17
Sugar un hnn(f-fl
Potatoes steady: Bearhy white 2256
1.60: Bermudas, 6.00Q10.00;, Southern, 2.26
# 3,00,
¥ Heana PUSY IMAPTOW < holce 10,006
10.26: pen, cholce, F. 006 7 26; red kidney
l chotee, " 11.004011.26,
Piried fruits strong; apricots, choice to
fancy, 25@27; apples, e aporated, primo
to faney, 17% @l9 prunes, 10w nwm,
{16%@20; 60s to . 1% @l7 pasfhon,
choice to fancy, 490 seeded raisine,
choice to fancy, § b 5
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 Oil 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 27-3 points to 157,
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 9% receded
to 955-8, There were some all' frac
h‘oual 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 sold 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 96% to 94%.
The oil issues were well maintalned,
Sinclair holding around 42, while Mexi
can Petroleum rose over 4 points to
188%. 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 preferreya
rem-ll'm«li 2 rmilnm to 10814, while Ameri
can International after yielding 2 poin
to 694, rallied to 70 3-8, p e
w
Corrected by General Distributis Co., At
lanta, Ga., U. 5, Food Afllfinlunnun
License No. G-38394.
ficid Benzoic. U. 8, P., Ib.. 1.36 @ 1.50
Carbolic, Cryst., 1b...... .26 @ .30
Phosphoric, U. 8. P, Ib. .40 @ .45
Stearic, D. P, 1b........ 22R@ .22%
Tannic, U. 8. P, 1b...;. 1.40 @ 1.50
Tartaric, Crysty b, .... S6k@
Tartaric, Powd, 1b...... BThL@
Alcohol, denatured, gallon .66 @ .68
U 8. P., 100 proof, gal.. 497 @
Wood, 96 per cent, gal.. 1.2 @ 1.30
Allspice, in bags, 1b...... .12 @ _.15
Alum. Powd., 1b......... R @ .07%
Balsam, Cop., U. 8. P, 16, .76 8 7Y
Copalba, Para, 1b...... .60 6215
Peru, 1b........c.c.0000 380 @ 3.66
NN 1D . iicssirnie iR B LR
Bark, Bayberry, 1b....... 08 @ .10
Cottonroot, 1b.......«5s 20 @ .23
Prickly Ash, 1b......., .21 '@ .24
Beans, Vanilla, Mex, &'lot,lb 4.50 6.00
, Vanilla, Mex. Outs, Ib.. 3,00 3.25
Vanilla, Bourbon, ib.... 2.50 3.00
Vanilla, Tahati, 1b..... 160
Berries, Juniper, 1b,..... .0 11
Saw Palmetto, grnd, Ib., .20 p 34
Camphor, Ameriean, b, .., 3.26 @ 4.00
Qassia Buds, b ........, 28 @ .32
Chloreform, U. 8. P, 1b.., .43 @ .44
Cloves, bales, 1b,......... .38 é 40
Coumarin, C. P, 1b.,.... 40,00 p 12.00
Cream Tartar, U. 8, P, Ib," 63 @ .70
Epsom Salts, U. 8, P, Ib.. oi%@ 01%
Glycerine, . P, drums, lh. .17 @
O ORBE 1B iiiviines %D
Gum Tragacanth, Neo. 1
white, p0und......... 416 @ 4.26
e B Wiy BN SN
Powdered, 1b........... 296 @ 3.00
Leaves, Buchu Short, gr'dd
pound OGRS QR be S 5
AR, Wiisvanssivnniy 81 éx 32
BN ID, civisveansiis wBB ) .28
Benna TIAK \.iss:vivses 118 & .16
Kola Nuts, bags, 'b...... .20 23
Nutmegs, 1056-1108, ib.... .38 D .43
Nux Vomica, powd., 1b..., .13 16
Oils, Sweet Almond, 1b.... 1.60 @ 1.75
AR 1h i iiinriisice lAN. B 100
Bergamot, 1b............ 6.75 @ 7.00
ORIIORE IN i siv s ivrsseins AR g .31
IOV IBii iror nsevnye DAI 2.35
Coriander Seed, 1b......30.00 @
LAMOB, IBitcivs s LBD B REB
Mirhane, ID. . ... .coocaees 23 @ .24
Mustard, 1b.......¢...12.60 "@13.00
Peppermint, 1b.......... 520 @ 5.35
Sassafras, True, 1b...... 8.50 @ 8.75
Bassafras, Artificial, Ib.. .46 Z‘ A 8
Sesame, ga110n.......... 2.60 )
Dyestuffs: Market on sulphur and di
rect colors very firm with big demand
All above prices #ve f. o. b. New York
or factory to jobbers and in original pack
ages,
L A
| Bid |Askd.
Atiantic Steel Co., com. ......| 97 JlO6
QO. PO, iiivaiieieinest 98 9
At. Jce and Conl Q0rp........| 60 67
AN DRRE iy iakersnesst T 8 176
Atl, and W. P. Rallroad ..,...{l6O [166
Atlanta National Bank ~...A‘Hfi 295
Central Bk, and Trust Corp. ...|l4B 1162
Fourth National Bank 312 320
Augusta and Sav. Rallway ....| @ 96
Exposition Cotton Mills ......[lB5 1180
l“ul‘(nn Nationul Bank ........[117%[120
Empire Cotton 011, common i 6o 1 62
G 0 DL . iivocisienniavint BENI WN
gnw City Cotten Mills ........[226 £2
Ja, Ry. and Banking Co, ...[233 {236
Ga. Ry, and Eleetrie C 0....... 100
do, Bp. ¢ Wdrsaiavenisl 78 i §
Georgin Ry. and Power, Ist pf.| 65 70
Ho 88 P 18.... . iksaibivisi 20 12%
AO, COMMON wov:srssssrnnel B 8
T.owry National Bank ......[220 (226
Bouthwestern Railroad .......| 9§ 97
Third National Bank ........[216 (318
Trust Company of Georgia ..[276 (280
At Cons. St. Ry. 58 ..........[IOO 1102
Atl.-Char. Airline 68 ........../6.10 [Basia
e s Ii oy
‘A'lum'x Sihn, 1940 . ........., 4.4o[Basis
Atlantic Ice and Coal, 6s ....] 93 L
Atlantic Stegt 68 . ...... ..,.{os 97
iun. Hailroad and Bank, Co. ..| 85 ‘ L
FINANCIAL BUREAU ON STOCKS,
NEW YORK, March 17.--The cross
movement in stocks I 8 expected to con
tinue, spocinl issues with specific fustifi
cation for higher prices wi probubly he
clevated by inside or pool buying, Reals
zing 18 expected to comtinue in other de.
partments. There is short Iling of the
moetals on the theory that their readjusts
ment is not yet ecomplete
WEEKLY DRY GOODS HEVIEW,
Marshail Field & Comps in their
woekly review of the dry goods trade,
ny
Current wholegale distribution of dry
goods I 8 running. conslderably less
than for the same week of 1918
Road =ales for at oncer delivery are
not up to the large volume of the eors
responding period a yoeor ago.
Nolesmen are now geiting on the
roud with fall fMes and an excollent
advance husiness s anticipatod
More tierchants were (n the market,
buying for thelr immediate needs He
tall business continues wmost satisfac.
tory
Collections are norma
THE WEATHER,
WARHINGTON, Murch | The outleok
% for unseitled rainy weather tonight and
Puesday throughout the Atlantic States
In the Kast Gulf State fil Tennesses,
rain this afternoon and tonight will be
followed by generally fair westher The
temperature witl rige in the middle Atlan
tic Btutes and it will fall in Tennesses and
Kust Gull States dufine night and
I'uesdny
Forecast By States
Georgin-—Probably showers and thunders
storms tonight and Tuesday
North and South Caroling -Showers tos=
night and Tuesday i
Florida— Local rains tonight and Tues.
Aay, except fair Tuesday in northwest
portion
Alabama-~Thunderstorms thi® afternoon
and tonight; cooler tonight; Tuesday fair
and cooler
Missisgippl=<Fair tonight and Tuesday;
cooler
Tennessec~ Falr in woat, rein in eant
portions this afterncon and tonight; oolder
tonight, Tuesday fair and covler,
'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 sitnation. 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.
et T AT . W SN IR PESSEIDEEINN PPNt
They are among the most industrious peo
pie of the world, and they contribute as
much to the wealth of the world as any
other class of peaple. Rut while this is
true. they do not share justly in the pro{-
its of their labors. Why ix it thus? It
is for the want of proper urlnnlullon.‘
system and intelligent management, back
ed by sufficient 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 scil it for a
profit or at a lqn.
Do others who handie our cotton do
-business in the same haphazard way? No. |
The manufacturer buys it as cheap as he
can get it. He spins and weaves it into
cloth, adds a rmflt for himself to the
cost of production, and sells it to the
wholesale merchant, The wholesale mer
chant adds a profit on what It costa him
and sells it to the retailer, who, in turn,
adds another profit and seils it back to the
ll‘nrmrr. the fapmer, without any volitien
on his part, must pay the combined profits
of all who have teuched It since he ginned,
baled and sold it. But mind you, the far
mer had no voice ?! all in the pricing of
his cotton; he had never been consulted
as to what® it _cost him to produce it
He, unlike the mill men and all others
whao touched it after it left his hands, was
not allowed to add his profit to the cost
of production, hut was forcod to sell it
at any price fixed by the speculator. Is
it any wonder that we have rémained poor
while other sections and countries grow
rich at cur expense?
MUST BE EVERLASTING VICTORY.
We are almost every day offered a rems
edy f&r our present trouble. We are ad
vised®to hold tight to our spot cotton and
reduce our acreage for the 1918 crop, and
all will be well with us. 1 agree fully
with this advice; it is the only walvation
in the present emergency. But are we go
ing to do it? I sincerely hope we will, but,
as there i 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 Will|
have gained a victory nmf will get a xood‘
price for the cottén on hand aud for the
next (rro{y, it will be but a lun:‘porqry vies
tory that will not reach beyond this year.
Then we will again find oursclves face to
face with the same old troubles that have
besét us in the past. Shall we be content
with such a temporary victory? If so,
we shall continues slaves to the cotton
speculator® as long as we live, and when
‘we have passed over to the other side,
leave nothing more stable to our wives nn«i
children than the same damnable slavery
and poverty handed down to us by our an
cestors. No. We must seck until we find
a permanent solution for our trouble,
something upon which we ean rely for
all the future.
~ Though we should leave no stone un
turned to win in the present fight, would
it not be well for us to reuson tegether,
and if possible inaugurate some system
whereby a recurrence of thg old order of
things will be forever hn;oulhlr-‘l Our
failures in the past to accomplish our des
‘sired ends should not deter us from fur
ther efforts. s We should profit b‘y past
mistakes and use them as guides for the
future.
.~ One thing we have learned or should
have learned, is that organization without
‘;.own to enforce action 18 useless, We
may meet and pass resolutions and fix
prices, but If we lack the power whlvlk‘
combined effort and money alone wield,
when pressure is DBrought to bear against
it, our work crumbles.
Now, may I submit for the consideration
of all who are interested In this greak
cause, the outlines of a plan which, if
properly worked out i:‘v rom{w(enl farmers
and business men, and put into eperation,
will, I believe, \:- just what we need for
our future Proteétion?
The plan 18 this: Let there he m‘gfln!lofi
in every county of mry cotton State
stock cnmnun{ finan®ally strong enough
and with sufficignt credit at their com
mand to assist lf\a banks in financing all
the cotton that will need financing In
their respective counties. Let these coms
panies secure sufficlent watrchouse room
in accord with the latest insurance re
quirements, to store the cotton. Let them
have these warchouses bonded and manag
ed as required by the hanking laws. Let
the business of each county rompnn{ he
administered by a,competent board of di
rectors and officers, )
Then, let there be a Statd federation of
all the counties in each State, and a fed
eration of all the cotton States, Have the
whole so interlocked that every organizn
tion will be in vital touneh with every oth
er organization, and all will co-operate for
the good of the whole,
. By such a fedaration we could more eas
ily control the eotton acreawe and by Ins
creaging the prosperity of the people, we
would be increasing the consumption of
cotton, ¢ \
When a cotton rrn;'r hag n:}\'um'ed in
maturity to a point where its Yolume ean
approximately be arrived at, then through |
‘a properly selected committee, ascertain
a% nearly as possible the cost of its pro- |
duction, add a just and reasonnble profit
for the producer, and fix the price for the
manufacturer. Let the farmers store their
cotton in the organization warehouses, the
organizations adyancing money on the eot
ton to all who need it, taking their ware
house receipts as coliateral. The receipis
can, in turn, he used by the erganizations
as collateral with the banks. Huave a sys.
tem of marketing the crops, hoth far do
mestic mills and for export, selling as long
as the price nsked, plus the carrying
;‘hnruu, is puld, but not one bale for
enn.
Do iou say: ‘“That sounds good, but n\
can't he done. Sufficient money can not
be raised to baek It un?”" ;
CAN BE CARRIED OUT,
1 admit that it ix an immense undertak
ing and will require large sums of money
to insure (ts suceess, but 'y experience
and ohservation (s that we ean do almost
the impossible if we determine to do so, 1
am satisfied that we can accomplish this,
1 helleve the Southemn people in avuy‘
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 Friday,
Marveh 21, 1019, fifteen handred 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 bhe sold. Stock is superior to that sold at previous sales,
There are about four hundred heavy dreaft horses in this sale
that are exceptionally fine Ages of both horses and mules run
good. Stoek will be sold in lots to suit buyers, There will be pens
of seleeted young mules and horses sold intact to highest bidder.
Terms of sale: Cash or eertified cheel
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 place—
Camp MeClellan, Anniston, Ala
For additional information regarding sale, wire
B . LINDENSTRUTH, Q. M. ¢, -
Quartermaster,
Financial Sunshine |
Directors of the Keystone
Tire and Rubber Company
¢ have declared the regular
2 quarterly dividend of 3 por
! cent on the common stock,
{ Payable April 1 to stock of
. record March 21, They also de
clared a stock dlvndtm!of 15 per
cent, payable May 20 to stock
of record of May 1. §
A A AAN APt
county will willingly subscribe the necess
sary funds if the matter is properly pre
sented for their consideration. Didn't the
entire South go over the top with sube
Scriptions to Liberty Loans, war savings
Stamps, ete.? We are proud that we qli%_
and feel that we only did out duty, But
now that the mnecessity for further #ub
seriptions of this kind is, we trust, past,
I 8 It not time for us to make invests
ments wherehy we can assure s just livelis
hood for ourselves and our loved ones?
The queation may be asked: ““What need
have we for money when we have the Fod«
eral Reserve Hystem with its nmember
banks all over the SHouth? Why can not
they finance this scheme for us?” But the
country bhanks de not want to tie up their
resources in cotton, and the farmers can
not reach the money in the pegional hnl%u
with their urdlnnrf warehouse receipts. We
must have a medium through which the
former can reach the money market.
Friends and fellow citigens of Dixie
Land, let me persuade you to think on this
subject which is of such vital importance
to our material weifare. If you think this
plan feasible, then let usg put all eur POWs
er and energy and money back of it, and’
push it to the eariiest possibie completion,
But if any one can suggest a better plan,
let us adopt it at ence_and get it in opera
tion, for something should and must be
done that will permanently put the bear
crowd out of business, if the people of
this country ever expect to share in the
profits of their labor.
Under the plan above outlined, T do not
want to convey the idea that it would ba
a farmers’ organization exclusively, While
We would want every farmer to become a
stockholder, we would also want every
merchant, banker and members of every
other calling and voeation to support the
undertaking, for all are affected when the
farmer prospers or falls to prosper. 1 I.ll’
satisfied that with all the people of al
the South backing a plan of this kind,
we would have sufficient power to absos
lutely control the catton crop of the South,
Thizs would resolve itself into one great
Southern cotton exchange, with every cots
ton producer, and those of every othee
calling n the Southland as membaers,
where nothing would be bought or sold gs
cept the actual cotton, and that at a 8l
bilized price.
‘ et et
\
;g WEATHER FORECAST ’
A
l Following is the weather forecast fop
the cotton belt during the next 24 hourss
Georgln—Probably showers, thunders
tormas,
Carolinas—Bhowers.
Flerida—Local raing, except fair northe
West.
Alabama—Thunderstorms, conler., Tuese
day falr, cooler.
Mississippi-—Fair, cooler,
Loulsiana and Arkansas—Fair, cooler,
Oklahoma-~Fair, cooler, Tuesday warms
er
| Bast Texas—Fair, cooler; light frost
L
[T
N&‘i
0 "“"2'\"flfi9‘fl-":”
W YOB/
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A Secured Note
To yield about 645 per cent
T HE HOCKING VAL
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one of the richest coal
flelds; it has low grades,
excellent dock and terminal
facilities; has pald divi
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charges 2.35 times,
Its five-year 6 per cent
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Circular upon request for
GC-211,
fl\e&ntionalfity
Correspondent Offices in 35 Cities
Atlanta—4o Edgewood Ave.
Telephone—764l Ivy,