Newspaper Page Text
iéfii{mgg _}.»__ng@_f_c_l__flgggi M?rge of 25 Cents Per 100 Pounds on Cotton From Atlantic and Gulf Ports to England
{COTTON BOOMS |
) OMS TO NEW HIGH
RECORDS FOR MOVEMENT
By VICTOR BARRON,
Atlanta bank clearings Wednesday ... ... ... ... .$8,469,299.26
Bame day lalt TORE. oo ol paewlih o e SN Gus . 485.700.70
& BRERASS .. ..., sranaiah e vats Tuain s2B WODOB AT
Same day last week... ... ...... 7,209,142.77
Sa d 1917 FAR IR s .
me day SUR TR eB e i Bs ey GOBR BTN
/ * * »
Atlanta Spot cotton Wednesday..... ... ... ... .. .. 28.40 c
' RYRO WO ... .. e sl i
NSO 00, ieiete e4k e e
eae s ORI MS S S SRR S T
- . »
Atlanta cotton statement Wednesday:
ke 1919, Last Week. 1918. 1017,
Keceipts .......... 1495 416 193 666
Shipments ......... 936 761 816 1,167
Stocks ............27,008 26,182 44,601 75,869
BRI\ e s 100 D 2,400 L O
8.8 =9 |
(By International News Service.) . |
* WASHINGTON, April 23.—Effectivev at noon today an order was 1
issued this afternoon by J. H. Rossetter, chief of operations of the ship
ping board, establishing a surcharge of 25 cents per 100 pounds on |
cotton from Atlantic and Gulf ports for London and Liverpool. This
action was taken in view of the serious delays at those two ports in \
discharging cotton ships. The surcharge was made in lieu of demur- 1
{ __rage.and will continue in effect until dischatged conditions improve, it
' was stated. Charge will not be made on bookings made prior to noon '
today.
. - - .
Cotton exhibited a reactionary tendency during the early trading
Wednesday, with business more or less light and confined to professionals.
~ Liverpool failed to meet the full advance due. This, together with favor-
B Able weather and fear that final peace settlement might
SR l.m delayed, encouraged further realizing and pressure
e T g from the bears’ rank for a reaction. First prices on the
g : : New York exchange were 17 to 34 points down on new
3 contracts and 10 to 28 points lower on old style. Liver-
B pool turned a seller after the call, which was followed
ey by offerings from Southern interests and commission
e 4 4 houses. Offerings were not as rapidly~absorbed as ou‘
e & TU'S Tuesday, the old bull crowd apparently desiring to
s3g ey await a furtler reaction before enlarging their lines, or
;" £ w <wreplacing soldout lines. Nevertheless, the market holds
gsom remarkably strong in view of the recemt advance of
*,‘* ‘#B nearly 5 cents a pound—October rising from 20 cents
fRoaE T to 24.85 during the interval of from March 31 to Mon
: e B day, last, without noticeable interruption. ‘
Under this pressure new contracts receded 40 to
S 50 points beforq the noon hour, avith May dipping to
SR 27.02, July 25.70, Octobar 24.10 and December 23.65.
@ Futures at New Orleans reacted 20 to 47 points, with
“-——-u-_..‘.,..:.;m.v. distant options showing most weakness.
. The market was a runaway affair for the bulls during the afternoon,
with, shorts making the dust fly as they scrambled to cover, as the msult‘
of cheering news from Paris, bullish dry goods news and reports of ln<‘
creased demand for the actual. All options made new high records for the
movement. ' From the early low levels the market soared almost a full (‘em,‘
with new May contracts at New York jumping from a low of 27.02 to 27.87,
while July boomed from 25.62.t0 26.50 and October from 24.05 to 24.96..
Just before the close scattered realizing checked the upward movement,
old contracts closing 25 to 34 points net higher and new options finigshing
15 to 34 points higher. .
Atlanta spot cotton advanced 25 points to 28.40 cents.
As stated in these columns Tuesday, the Government’'s weekly weath
er and crop report proved a stand-off, showing progress in planting in (‘m‘»‘
tain sections, but slow germination as the result of unseasonably low |
temperatures. The report stated that moderate rains on the 15th proved
favérable in Georgia, but subsequent low temperatures caused slow ger
mination and grewth, and that-planting continues aectiive, with good stands
secured in the South, where chopping has begun. |
»
{ ’
CHICAGO, April 23.-—May and Sep
tember corn continued to advance at
the opening of the market today, and
new high marks for the season were
again recorded. Opening prices for all
delivgries ranged from 5-8 to 1 7-8 high
er. There ‘was scattered commission
house buying. Later, May rose to 167%,
a net gain of 2!4 cents. July reached
1.61 3-8, and September 1.08, or 24
to 4 cents up, regpeetively.
Oats started with a scarcity of of
ferings and fairly active commission
house buying. First prices were at
:?ms.of 8-8 to lc. Trade was only
hoderately active, being restricted by
lack of selling. Before ndpn the list
stood 7-8 to 13-8 cents higher.
First prices in provisions were sharply
higher with scattered buyving inspired
by strength in grains and the advance
in hog prices.
Corn made new high records during the
final hour, with May rising to 1.681% ; July
1.621%5, and September 1.591, the latter
showing a net gain of 5% cents. The close
was 34 to 54 cents up.
Oats closed 7% to 1% cents higher.
Provisions closed higher, :
Gr’nln quotations:
Prev.
Open. High. Low, Close. Close,
CORN-——
May J 1.66% 1.68% 1.65% 1.68 1.64%
July '1.58% 1.62% 1.581% 1.62% 1.58%4
Sept. 1.55 L§9% 1.55 1.69% 1,564
OATS—
May Tl% 7. Tl% 1% 71
July - 70% 1% 70% 71% 0%
Se%t. 67% ™. 67% 69 67%
ORK -
fMay 53.26 53.33 63.15 53.16 52.60
July 50.10 50.35 50.10 50.35 49.90
LARD—
May 20.90 3100 30.80 30.87 30.65
July 2990 30,00 29.85 29.87 29.70
HIBS -~ :
“May 28.65 28.71 28.65 28.70 28.650
tluly 27.50 27.50 27.40 27.43 27.30
et ea—————————————
.
It is not becoming—nor
safe #or your health. Add
flesh to your bones and roses to your
cheeks by drinking a glass of this
delicious digestant with each meal,
Shivar Ale
- PUNE DIGESTIVE AROMATICS WITH
SHIVARLMINERAL WATER AND GINGER
*Phone your grocer or druggist for
#“dozen bottles, Satisfaction guar
~anteed or your money refunded on
first dofn used.
Bottled and guaranteed by the cele.
brated Shivar Mineral Spring, Shel
ton. S. C. 1f your regular dealer
eannot supply vou telephone
| MeCORD STEWART €O,
~ Disiributors for Atlanta, :
% ‘}“o‘lowing is the weekly weather
and trop report, by States: |
TEXAS—The -weather was favor
able for planting and cultivation, but
too cool for normal growth. . Cotton
planting is making very good prog
ress, but warmer weather and mod
erate raing are needed for germina
tion. The progress of early planted
is poor because of cool nlghts.
OKLAHOMA —The clear, dry ‘
weather was favorable \or progress
in plowing and planting. The high
winds and low temperatures were
detrimental to all crops. Frost in the
early part of the week caused no ma
terial damage to truck and fruit, Cot-|
ton planting is under way in the
‘southern portion,
.~ GEORGIA-—Moderate rains on the
15th were favorable, but the subse
quent low temperatures caused slow
germination and growth. Cotton
planting continues fctively. Good
stands were secured® in the South,
’where chopping has begun.
. ALABAMA-—Cotton planting is gen
eral except in the extreme northern
counties, Cotton is coming up in some
‘middle sections, but growth is very
poor on account of unseasonably low
i temperatures.
, MISS!SSYPP?-—GeneMl rains oc
curred on the 15th and 16th. I'rost
in the northern districts on the 17th
and 19th caused slight damage. BSil
moisture was excessive the first half
of the week, but conditions are now
favorable, The cool nights were un
fayorable for germination and growth,
Planting cotton is making rapid prog
ress. N
ARKANSAS-~The light rains were
very favorable for planting cotton
and work i§ ahead in the northwest,
but badly behind in the southeast on
account of rather wet soil, The germ~
ination of cotton was retarded by
‘cold nights, but warmer weather hte
Jast few days was favorable.
- NORTH CAROLINA-—Cotton made
satigfactory progress. Planting con
tinnes in the south and has started
nearly to the northern bprder coun
ties, il
SOUTH CAROLINA-—The nights
were too cool for best growth, with,
slight frost damage to tender vegeta
tion upstate on the 18th and 19th.
Recent rains were very henefi¢cial to
winter wheat, Germination and stands
are satisfactory northward over the
lower Piedmont, though lacking In
vigor because of low temperatures, |
FLORIDA—EarIy cotton and most
of the corn has beiyn worked. But
these crops made \p Or progress on
account of the unseas \aably low tem
peratures, but the mdplerate rains In
the northern and cefptral portions
were beneficial,
LOUISIANA--The planting of co\;
ton continues, but wuas considerabl
retarded by heavy rainsg on the 15th,
ex¢ept in the south central portion,
where the rains were ugry.
et
CHICAGO LIVE STOC KMARKET
By U, S, Buresu of Markets
SUHICAGO, April 23— Hogs—Estimated
uw-o-l;-‘u. 17,000, Market, strong, 10¢ highs
or. ulk, 20.80@21.00; toy. 21.10; butch
er hogs—~Heavy, 20.96@21.10, Pm‘klnz
hogs: H‘uvdy 2070@21,06; medium an
mixed, 19.0 U 20.50; llflhl, 10425?21‘00:
pigs, 17.006019.25; roughs, ll.l}?l .7“
Cattlo-—Estimated receipts, §.500, are
ket, slow, Beef gattle: Good cholce, 17.90
@20.40; medium agd common, n.oog
18,60, Butcher stock: Heifors, $.35@ 10.76;
cows, RO0GI6.00; canners and cutters, 6.40
@ 10,60, stoekers and feeders, good choice,
,rfl.sotnu,mu common and medium, R7s@
15767 vea] ealves, good chojce, 13004
14,50, ’
;h---»;»-[-}nummml receipts, 15,000, llur-‘
ket, plow, Rhorn'x:mm. choice and prime,
1756010650, meflium and good, 17.50
;:.g:; spring lahbs, uoodw\'m;li-u’..‘fil,.w
S 0; ewes, ¢ me, . 00,
medium nmj loyd,&". mu.u. :
\""“‘\“‘:‘?’
Ti‘fxm V™
LOTTON SGORES
VIGORMUS RISE
NEW RK, April 23.—Peor cables
from tm!%ntlllh market, a favorable
weather mug and proqueu for a rather
bearish weekly weather qgort were re
sponsible for a decline of TV to 34 points
at the ofi:nln. of the cotton market
today, ter prices were gteady on
trale buying, with general business less
active, but again weakened on in
craesed offerlnrl, new contracts show
ing a net deecl ns of 22 to 44 Polmn At
the erd of the first thirty minutes of
trading. 5 \
The wekely weather report was neith
_er bearish nor bullish and had little ef
fect on the market. However, realiz
ing sales continued in evidence through
oui the forenvon, guulinr a further re
action, new contracts dipping 40 to 50
points, net, with May at 27.02, July
25.70 and October 24.10. At the low Oc
tober stood only 75 points from the
high record of Mon{:’y.
The market scor a vigorous rise
during the afternoon, with short in a
wild rush to cover. There also was
buying for spot firms and trade houses,
Optimiststic news from Parig, bullizh
goods news and strgngth of spot cot
ton, caused the rise, which lifted all
options to new highs for the movement,
or almost $5 a bale from the forenoon
low levels. May soared to 28.!1, while
Z;xl% Jumped to 26.50 and October to
94 ¢
At the clese the market was steady,
with old contracts 25 to 34 points high
eér and new options 15 to 24 points
higher,
sh)o,l\ cotton . was quoted 25 points
higher™ at 28.75. P
NEW YORK COTTON,
Old _Centracts. ‘
’E.'m.um_.‘rl..sn- Cloae 1 Prv, Clowe
May #26.0(\]26.50|25.90120.49 26,35 ’26.141
Ky 126.55126.00/25.13/26.00/26.98-26(36.65 |
Oft 123.45/24.00123.45/24.00/24.07 ~ 12373
Deg. |.. Lo b 13600 12573 ;
Jen Pl o 104007 138,78
e ————————————————— sit et
New_Contracts, |
—loven. [High | Tow. [L.Sale|_Closs. |Prv.Close.
May |[27.35|27.87(27.02]27.76127.76 197.52-64 |
Jul{ !25.90!26.60’25.62!26.38’26.33-40i26.10-13
Oct 24.25‘24.06 24.0512488(24.87-88/24.53-55
Dec 123.67 24.50!23.85|M.40’24.40-45!24.06.07
Jan |23.45/24.00/23.30/24.00/24.10-15/23.78-81
fi(‘h 12326123.85/23.10(23.85(23.756-80{23.60
Closed steady.
i b
| NEW ORLEANS COTTON.
Old_ Contracts,
|open. 'High .| Low. L. Close. [Prv.Close
May 126.50/26.50/26.50/26.50(26.656 126.50-60
Jly [25.40(25.40(2£.40(25.40(26.39 125.10
Oot: oo ol LIB6O 1358
e L.l TR 8 o las 6
New Contracts,
[Open. High.| Low. [l.Sale| Close. [Prv.Close. |
May |26.50/27.07/26.20/27.00/27.00 26.45-50
Jly [25.20/25.93(25.03/25.82(25.79-82/25.49-43
Oct - 123.50/24.23]23.30/24.07/24.05-09(23.74-76
Dee [3316123.94)23.00/123.80/23.80 12347
Jan V:‘.:.hi23.1:3)211.84123.33!23.05 123.18-20
LT N O Re Y T
Closed ‘steady. v g
LIVERPOOL COTTON,
LIVERPOOL, April 23—Cotton futures
opened quiet. Spot cotton was in fair de
mand today. Prices, firm; sales 7,000
bales. American middling, fair, 19.78;
good middling, 18.35; middling, 17.44; low
middling, 15.99; good ordinary, -4.34; ordi-
Futures opensd steady,
Prev.
Open. 2 p.m, Close, Close.
ROPHL L, 0 102886 1A 1h 00 1881
MAay .. wu.v. +.20.74 18.68 1640 18.5¢
JUuße .. L, .o ..30.83 . 30.28 1610 1;-5'::
July. .. ..., .1030 18.00 16.86- 1598
August .. .. .. 15.95 1581 15.64 15.%6
September .. .. 1659 1541 156.29 15.39
Closed steady. ~
SPOT COTTON.
Atlanta Commercial Exchange quetes
basis zood middling, 28.40; sales Tuesday
1,500 bales.
New Orleans, middling, 27%;: sales
797; arrived 676.
l,tvorpon{, good middling, 18.354.
ew York! middling, 28.75,
Savannah, middling, 29.
Augusta, niiddling, 27%; sales 584,
Boston, steady, 28.65.
Philadelphia, middling, 28.90.
~ Charleston, middling, 26%.
Wilmington, middling, 26%.
'~ Norfolk, middling, 26%; sales 26,
Memphis, middling, 263, M
St. Louis, middling, 26 .
Dallas, middling, 27.40.
‘ Mobile, middling, 26%.
Galveston, middling, 28.
Houston, middling, 27.60.
Little Rock, middling, 26%
s Montgomery, middiing, 26.63.
COTTON BIDS TO LIVERPOOL.
New York 11:00 a. m. bids to Liverpool
were: "
__.___._.______l_N_fl'_‘.__a'.a.
BAY {o 1o ss vv va o 5 svon v+ißT, FOLER.OO
MBIT s b er o wvtin aricas nr s IRIERIRR D
QOtOPOr .. 1., o oo aaaa .. .018638]....
New Orleans 10 a. m. bids to Liverpool
were:
s i e AT LR
T RS RIS B
GIEY 0y aa ek e iwel A w 0 o I BSSRISN BN
SEREORIS . . i ovdaih bt G IRE R
COTTON PORT RECEIUTS,
The following table shows receipts at the
rmrtn today compared with the same day
ASL yoar: /
e s SRS SR
BOW DFINBNE" & .iusecsriosnal 4.0!4' 2,904
CRIVIRTON ciiooosso i inav S HEINNE 7 427
SOBIA X i siisveronit TRR TR s
Savannah b s vbhasisrsantasl TINS .00
Charleston .................‘ 476| 408
Wilmington L 88 214
PRI (. .icnuvenssiiisrarsl LIRS 117
NOW TOFK ~cooVeoonesiiossloos iy 200
BORON .. ..qocincraeesssonss % 268
PREMEGIDHIE * . ... civescoonvileasess 74
Total Gaakeawagienss vt s RATTINE 7Y
INTERIOR MOVEMENT.
19819.] 1918,
HOuston) .. .. oo oo oo oy +.f 5,319| 3,004
(AUBUNS. .. o 0 o 4 se oes 0] 1,108 127
L MOMPIIS .. s vy e ge ss] 3310 0,453
8t LOMIB .. oo oo ss7is o] 1,629] 5,210
Clincinnatl .. oo 50 6o o 6 ss]isess 368
Little Roele .. .. .. o 0 00l 346/ 248
L B T R MR
- SEMI-WEEKLY COTTON MOVEMENT,
i 1918, 19158, 1917,
| Receipts . ...... 40,!73‘ 36,030 #2690
Shipments ..... 48,187| 44,796] 30,082
Stocks ........11,071,854] 851,000 721,408
| COTTON NOTES,
" Press advices from Paris say a special
meeting of the SBupreme Economie Counell
will be held Wednesday to try to reach a
decision on the question of permitting a
limited supply of cotton and other raw ma
terials to enter Germany. Should thig oc
cur, it will naturally be bullish,
oW e\
Dry Goods prices are running away in
a bullish directdon. Last report says:
“Sheetings advanced from 1% to 14 cents
per yard."”
=v9 . ;
Liverpool futures opened 12 points high
er, against 22 to 256 higher due. BSpot
sales 7,000 bales ‘
. . .
Favorable weather map shows cloudy
in Texas; fair over rest of the best; warim
er, no rain.
CHICAGO CASH GRAIN, .
CHICAGO, AHNI 23.~Corn~No, 3
mixed, 1,60%@1.66%; No. 4 mixed,
1.63% @1.64%; No. 2 white, 1.68%;: No,
9 white, 1.66; No, 4 white, 1.65; No, 2
yellow, 1.790: No. 3 yellow, 1.66; No. 4
yellow, 1646165,
Oats~No. 2 mixed, 70: No. 2 white;
Tals No. '8 white, 'TI% @720 No, 1
white, 704 standard, T2%9@73%. "
it piioaiesoibiiigpiniins 4 \
CHICAGO CAR ILOTS,
CGHICAGO, April 23.-<Folowing are re
celpts today: Yy
‘\\'hant.....‘.....4........ .?‘!
‘ofn . « -1
BBt e 8 sb sse be va sw s
HOBA "o, o ve a 4 e ee e « 17,0
BN o weval va ey 0o seimeide nidNOoß
AMERICA’S EXPORTS IN MARCH
QWWEMWHMWMM
WASHINGTON, April 23.—Americac’s éxports for the month of
March were valued a' $604,912,288, as compared with $8522,900,238
for the same month in 1918, the Department of Commercec announced
teday. Imports for the same monht totaled $267,5838,009, against $242,-
162,017 in 1918, The largest increase in exports was in raw materials
for manufacturing purposes, which Jumped from $66,093,630 in March,
1918, to $101,197,253 in 1919, f
New York Stock Quotations
Market closed weak.
Total stock sales 1,682,800 s hares.
Total bond sales $12,185,000.
rev.
¢ ll‘".t_!glol’
N Ighl|Low| sie
2 ; —‘—a‘-—;—'i—“'—:;’;
k) A W ASRLAS ““|U”‘
Chalmer Yol dd] fdig 110 %5
sl LBN o
Amn. :.rl« T ;lg;’z, 524 969 :;%
g o 9614 | Ty o e
; .Ca ey, bBl5 % 104
Amn Jar ¥d ¥ g 0 S 0 7o
Amn. (('::t ou_“ s 11“ l o 1‘“
Amn, Loco. Rosai 3% 7”“ eonel o
GPEL fahdi iR
smdntils 4 0 it i
°°ste°"".t- . -‘3‘4'%""3 R Big
AR Sy M 9ic| 683 bN e
Amg ¥il 5 | “%l 35" 11861
Amn, o o vl aine 35
A 0 o . b 1136, i‘gw.lg:
ey RaW.L '.‘37%11?.3/‘ ob Jb
A 5 £it i
g, Sorgs .| Clbgig 08| %
LA Corn | T i
Am“"'rob~ Poh .. 50 idg 42 4
Am:-sum, s “;fi 4 o oL 46%
ams. Mo "Goods .. hvtad 'l s 3%
Amn, Dry oGy 461 4 ihisl 11t
A"“'W- pap_._ l ~.’.,&é}. ¥
Alloy Steel e 6|ol U R
Auo&;“ G01d.”.. ¢ 93140 9 iy 37
N ) G s (4 bi%| 92
tehison o 833! 803 4616
2He pre e sl fa
Coast G 1% 33 2’*125%
At win, Lo 40+ .} 4% 2 frer 5%
Saown, e S itk ne
"B“'l F"“efle!. ee T R e
BW“sged P‘fi =t 21 281 3814
Beth, Steel e %2“ 3922‘1605
Bl"-hk R. T{l‘ J RETAR 160 n
Broo ~suupro‘ . 50 % (160 % 60 8 9414
Cal. Potrolou ‘:l% e 4314
Cal. Pacific Bio o 941, |94 14 37
oo o O i )
2 N vy eyl att ] 2
C. and and I-P' . i Jg%l s,"? gfi‘h i",;::
Col. F'.,.d St fi.,‘i 3651 9414 8318
e P sl s6l 6
JopD! 4l 6814
(;mnn.l ‘(?& e * x;}:f 6814 °‘il;2
oet B ii By
Crucivle " Bte ar o deil 8 4 s B
(("l::,:n A. g‘:“gar Soap B il “;“
C. . «l 23
Cuban ref. . i 807% 24%
Camt fron e © hi R B
Ca IL(’_ by iy St 41
1:“'.';;“(‘09‘"&1:!‘ i ‘ i) 18
({h‘n‘“.-r MG" i 81"! 81 13
‘:“.numbia 0° . e ~f il
Corrid pascs : f¥ iR 4,4
( 4‘dv'..-<.‘<: ? 7 i
Del. and rities | | iewf 16 g 16115
i Securiies bbb ludbo it 2
ist. .. <2
s iey
' @ . 9214 FE
v prin G e X l i 0 Sy 4
R 25t S
rosteinh r";‘..w § sordbmnedt
G, ’ore '_ a .--.. e a 7
Gt N"-re'atv",‘ wa 37 “"". ‘ 55‘*’ 98 %
al. (n; pret. ‘W. | ‘Eol/,l 69%% sil49 %
i i R 7 %‘I Sut e
.Gast-‘.m. .stu-- id i 49‘,% :;&l 1214
‘fl‘i."'ce“ff:;‘ru"' kg 3% .7--‘,,;0‘“»132,1“
inspir. .-V , -'-',“—47_%‘ 274 ,
ll,,terb”grer. i .l;g};’; 2(‘,’4" 26 |l's'f,§;:
d:l(,,,l,ol --M“A;"‘,&{]gq”.\ tion) 22
o Ricker #4OIO 33 [ 28 |SB
m[l'ly-s"" oo ‘{»23,’,‘ e 8 Su
Kel Paper gou, ) . oicl oi 75l 16
K o as "I| 19ig] 17'4'\ Yenl 9w
" ao nd Téxiss '-Q 35| 3ave) 32
xafl-dn‘ pref. —;_.—_—
Kennecott . .
-We»ekly’ Produce Review |
Following is the weekly review of fruits
and vegetables. (Prices to jobbers and
shipments for the United States for the
| period of April 15 to 21, inclusive). Issued
by the U. 8. Bureau of Markets:
res Tend Higher, Shipments Moderate
arkets have tended genecrally upward
throughout April. The past week moeg‘
‘linel advanced in price and there were
very few important declines, Potatoes,
cabbage and onions made distinct gains.
Values of dry beans, celery, strawberries
and lettuce were fully maintained, with
strong tone. Shipments of 26 leading frults
and vegetables were 6,523 cars, compared |
with 7,245 last week and. 6,900 a year a,u.
The decrease since last Week was chie Iy‘
in old potatoes, partly offset by markedj
increase in new potatoes, cabbage and on-
Tons and in various other lines of early
Southern produce,
lr?vmrd Trend in Potatoes,
Following last week's reeessions the
markets again became strong, with sharp
advances, especially in the East, New York
round whites, in bulk,s closed at top of
$2.50@2.52 per cwt., f. o. b. shipping
points; a gain of so@6o¢, and relatively
higher than principal consuming markots
for this stock, which closed at $2.35@2.60.
Sacked Maine Green Mountains made
equally sharp gains, reaching 8:.4;8?'2.78,
f. 0. b. in producing sections, and closing
$2.656@2.95 in New York and Boston. No, 1
northern sacked white stogk rose 30¢ in
U?lcw» carlot market, closing at $2.156@
2.26 per ewt. Colorado No, 1 sacked white
stock gaiped 10@26c, closing at 11.100
1.856, f. 0. 'b. Greeley, but declined s lshtloy
in Tetas carlot markets, at $2.30@ 2.60.
%‘}-nckulde sales by growers in Northern and
estern producing sections advanced gen
erally, ranging from $1.30 in Idaho, to
g.li in Michigan. Northwestern sacked
urbanks ranged ‘1.75?!‘85. f. 0. b, cash
in producing sections. Shipments decreased
about one-third, owing to lessening reserve
stock and to bad conditions of roads in
many sections, ‘Total was 2,253 cars, com
pared with 3.31 last week and 2,666 for
the corresponding "week last year. Shipe
ment of new &mlumu were 1856 cars, com
pared with 75 last weex and 484 for the
corresponding week a year -rm New Flor
{da Spaulding Rose averaged about $1 de
cline, ranging 811.00\913.00 per barrel in
Northern and Middle Western markets, and
mostly 89 f. 0. b, in producing sections.
Texns Bliss 'l‘rlum{)lm sold about steady
in Kansas (,‘l!{ and St, Louls, at !‘.NP
$6.00 per bushel hamper, and at §4 in
New Ol‘l:anm Sk 2
nbhfle g ronger
Prices tended to mlvl{m‘a for first-class
stock. Texas Flat Duteh strengthened
slightly to a range of sl2o€ 140 per ton in
Middle Western markets, and ranged also
$6.00@G.50 per owt, Southern Caroline
Wakefields ruled /86 per barrel crate,
f. 0. b, shipping points, and ranged nl{un‘x
in consuming markets at $6.20@7.00.
Florida stock declined fully $1 in produc
™Te sections to a range of $4.76@5.00 per
barrel crate, . o. b, and weakened cone
#iderably in Northern markets at $6.50@
7.00 per barrel erate, or $2.60@5.50 per
1% -bushel hsuulwr Caltfornin - Winning
stadts sold fairly wheady at SOOG@ 100 per
ton, f. 0. b, and various California stocks
advanced 81, in consuming nmrunh, rang
ing $6.00@7T.00 per cwt, Old Northern
.
MONEY AND EXCHANGE.
NEW YORK, April 28.-Call mouvey
on the floor of the New York Stock Kx
change today ruled at § per cent; high,
i per cent: low, & per cent, ~
Time money was quiet,
Rates were: Bixty days, S% @6 per
cent; 90 daye, SB%@6 per cent; four
[m)h"h& S 8 w 6 per cent; five months,
0 r cent: six months, G% @6 per
cent.,
The market for price mercantile pap
per was dull, g
Call money in London today was 314
per cent, 7 -
SBterling exchange’ was steady, with
business in bankers' bills at 4.6 i% for
demand, X
|High| lLu ‘flw.
| ’ Slose
High| Low e flw*
: | 71%1Ҥa ux
(- .qu"T Aianay 'fi%! i l’]%
—_F_Btgo";y' ol 1014
}l:fii%'?r:fl SR i gfi“
l'fl“nnd N. otors . -671 7312* 3:;2 :
lfiuxwa'{.edhre{'. ' gz% i g”‘ l“a
e 2d, pref. .-+ iit
e
Miss. | o 13K i i 23£
i Pg(r SO9 s e 11.“ ‘ l 2 ‘“
gz:me ks 24%| fu%i 33:{ 19
doé’r;ncr e s a 8 it i
o Snn i “us 3814
i s"““""“ |gl 38% | 5 !Th iy
gm‘m:} ok |ls W 729%) 3%
Slien Acme o S
Lo BB
?fl V."-, N'll::‘&d. vl '| ‘ I’%
;,tlu"“lwf.stp,rn 3 s 00l
Nr & sic . . -|4...'| Gk .ho"
I;\l,gr: Ponglu &w. . Fical i s ge”i
Bo¥. t & W i ; $
;“*bmrmg‘: ;mf R i
‘Ni IO‘(“!‘Q%“‘ Coal §e 3% 12}2 i
U‘(B. W o v iy ‘2 i
g:fn-A‘;",ofiucu .¢ “ %‘fi iR f
. 24 : 3 7 g
%lff{?xw',{':,‘l'i ras ) 570472] 28” Ei'::l 25;’*
el i | 50% | LSI
P,“'s’:::l C(‘-;ai vy ‘25;“ :a;fl’ z!%% 813
Ein-burg e’ ‘2o*’ Bfl‘flf 831 81
Pce Qil idated 8415 h g
Ptfiyr Consol Ry S 83% l ii%l z“l}‘
li!:nd'{;fm-& Steel s o “*] m.[;‘s%
Rep. T R . gty '”\la'a' ‘ :‘;,‘l .9‘2%
Rock lis pref. A lfii 62%' i il i
dowm‘ef. Bgs. "4%1 93 % ”“J“.l i
e s
Ry.'uu‘ R vane ...'. iy ’o
: £ :l » . e B .
}é?xml?{ehfick T 2 n%' 3%
as. Shegtield % i il i
Efi:u.Shi,t‘lb fe7) 5| i S
s, '}Z‘;h',",f‘..’r_ v P:'% If}g‘ g
.(]Q.I T "ot |
ker «W. . 55"“1"
5 losn s Bw, =i i
Stuts et Int) sort! 4 M 123
sm;}‘fg C°;,cfuctl . uy.t I§A.r.6:’:[2w%
swb,‘cco Pr By v zg',z; i
A & T 3"‘{ R
] eo “ : ve . g
:;235 chi'nc iy 13014 |120% 13.“_‘ | 3;"1‘;:
e it o i
L AR
lUm"é‘op:;ret.m.lc'.“ ; gghl "“ i V‘IOOIZ
v oit it
4 o 0 165|116 (SN {1
domefl i “3“ l‘:‘g%l 'muz 61
. s&o, l,“‘ett(')ren e o IS i 635; 8
i (o B 43
Uiah Songer 2AI i
s -Oar. Chem 3 |5 5
\v‘ul‘m‘ 'ref. A : ‘ 33 3’“5 ?.. 14232“‘
v do. pUmon ' 34 .“.’“%‘ 3
\\-crzfe"_?)varland. . \““ ‘:a' s“‘( g‘
v\\'ill(l){:mrn‘:sé P ‘ Hfil’g‘* it
"’ ho . . 5
‘esting! s t‘ o
V\.cl’\.ile Ml;(t;r eLt o s.go
v\msonf‘ e 98————_?—'60}“'?8!'35_;;8123:”
S%s. . 95.74‘:?‘:]0‘93_0“".23
g 30495 Teioß Toiat; 8
. s,io. 1;(4. i ‘95-08 :5:7‘)'!;?{:'26;93.20
do. fl,és ¥b N l’fi-;fi “.zgi’i'zo‘”'
2PO (9322 93.1
do. ks :
2 . .
33 4& ):«a
stock declined to sso@ 75 Fer ton in Phila
delphia, but sold at $100@1256 in New
York. Shipments of old stock only one car;
new stock, 417, compared with 298 last
week and 772 for the corresponding week
last year, :
Onion Valaes Whfll
Prices tended upward, which ruled $5
rr cwt, f. 0. b. western New York ship
ing points,” and advanced $1 in leading
consummg markets, with a gengeal job
bing range of 34.506};8.00 per cwt, Cali
fornia Australian rowns were about
steady, ranging $3.756@4.00 at shipping
points, and $4.00@6.00 in consuming mar
kets. Texas No. 2 Yellow Bermudas
ranged 32‘75?3.25 per standar¢ crate, f.
0. b. cash, at Texas arnpglnz points, No.
2 yellows ranged $3.756@ 600 in consuming
markets, and No. 1 ranged $4.00@5.50,
Shipments of old stock have been steadily
declining for many weeks. Total this week,
70 cars; a deweuu of 21, while new on
tong, all fronff Texas. increased to 210
cars, compared with 31 last week and 360
for the corresponding week last year.
‘ Tomatoes Show Stron“ Tone
| Good Florida stock ltrenf! ened slight
ly in pruduclng sections, closing at $3.560
@4.560 per six-basket crate, f. o. b. ship~
ping points. The range in northern con
suiming marku? strengthened to $4.00@
5.60. Shipments decreased te 183 cars,
.compared with Burlxt woek..
| Strawberry ces lrreTul-r
~ While the range averaged slightly weak
er in producing sections, closing at $3.60@
4.26 per 24-pint crate, f. o. b. Loulsiana
shipping points, values in Northern mar
kets tended slightly upward, ranging $4.50
@?5.00 per Zl-flm. erate. Alabama stock
sold at 86.00? .00 per 24-quart crate, and
ranged 26@32¢ per quart in New York.
Florida Klondykes strengthened slightly,
ranging 45@46c in New gork. Shipments,
194 cars; an increase of 2.
‘ Other Fruits and Voxdlbln.
Best ’(rudea Bouth Carolina asparagus
‘rum&ml 5400’0.00 per dozen in consuming
markets, with firm general tone. Califor
nia extra fancy ranged $5.00@6.00 per
dozen, Colossal and other selected stock
reaching $9 lin a few markets. Florida
celery continued barely steady in produe
ing sections, closing nearly the same as
last week, at $6.00@6.00 per crate, . o, h.
shipping points., Chicago and other con
suming markets again advanced zb?bo.-.
ranging $6.50@7.50 per erate. Shipments, 66
cars; a decrease of 2, California Imperial
Valley lettuce was firm in producing sec
tiong At $3.00@3.60s per crate, f. o, b,
and Los Angeles stock strengthened glight
ly, ranging $L40@1.50. Imperial Valley
stock In leading consuming nurkrgu wns
firm, closing at $4.00@56.00, and Los An
koles stock at $1.60@2. 60, Shipments, 418
cars, compared with 242 last week and
1656 a year ago. Movement of boxed apples
i light, with 4 cars, but barreled apples
continued in nearly steady velume, -with
174 cars, a decrease of 2. Orahge ship
m-,»{n- were 1,209 cars; a decrease of &,
and grapefruit 82 cars; & decrease of 14,
Ehipments of spinach webe 212 curs, an
increase of 1. Sweet potato shipments were
48 ears, compared with 51 last weelk. String
Leans increased quite sharply, with g
cars, compared with 26 last weak, Cucum™
bers nlwo Increased considecably, with 66
cary, compared with 41 last woek,
e —————————————————
, METAL MARET
NMR YORK, April 23-Copper weak;
spot %, April H%@lm/‘: Lluy, 14% @
1545 June, 14 80@160%; July, 15.76@ 16% ;
August, ‘IS6G 16% ; Beptember, 15% WIB%.
Jead, ntud‘y- spot wr*zru April, 4.850@
5.00; MIJ'. 80, bid; l&a tor, steady; wpot
6.00@6.10; Aprll and May, 6021 @ 6.12% ;
June, 60.11-2?6.15: July, 6.06@6.20; Au-
Rust, u.o‘l%fl. b; September, 6.10@6.30;
Pittsburg essemer iron, 29306, asked
- /
ALVANTA COTTON SEED PRODUCTS,
U. B Fixed
Deseriptions—. Prices,
Crude ofl, basis ‘zrim' 32
Cotton peed meal, p, ¢, common. ... . $65.00
Cotton seed meal, 7 p. ¢. Georgia
cCommon rate point. .. .....uiv. .. 55,00
Cotton seed hulls, loose. . ............ 168.00
Cotton seed hulls, -nelrd. Ceenes s wrmominal
Tlaters, clean mill run. ...ooovveeen .8 467
I
‘ NEW YORK, April 23.—~The general
list fluctuated within a narrow range
~at the opening of the stock market ta
day, but after some stocks showed a
wavering tendency, a firmer tone de
veloped and some substantial gaing
were recorded.
Ajax Rubber attracted attention,
moving up § points to 86%. United
States Rubber passed 9. American
Steel Foundries continued its upward
movement, fdvancing % to 97, and oth
er steel equipments, including Ameri
can iocomotive and Fressed Steel Car,
were in scant supply, and made mod
erate gains on a small amount of busi
ness. 1
Steel common sagged off partly be
gause of the lack of confirmation of
stories of advanced prices, ranging from
10014 to 99 3-8,
The Marine issues were in suppld
again today, the common dropping L
L}ninl to 37%, and then rallying to 384
'he oil stocks were Irregular, with
Royal Dutch of New York making u}
gain ‘ol* 1 peint to above 93 Rallway !
stocks were generally fractionally
her,
The feature of the trading after the
npe-nlu;i declines was the pronounced
strength fwhich developed in Steel Com-]
mon, that stock was in enormous de
mand and was bought by many of the
strongest houses on the street, which
forcéd its price up from 99 3-4 to
101 3-4, a new high record for the year.
This display of strength had its effect
all around the room and advances be
came general. l
Missouri, Kansas and Texas moved
up over two points to 103 1-8 and gains
of over one point were made in many of
the low-priced railroads.
Baldwin moved up to 92 and good
gaing were made in the other indus
trial issues. The greatest amount of
gain was recorded in Ajax Ruhhm‘.‘
which rose 7 points to 88, while Good
rich moved up 2% to 74. The shipping
issues-were somewhat heavy.
Nearly everything traded in was un
der severe liquidation in the final deal
ing, especally in Steel common. Heavy
realizing in that issue caused a reaction
of 2 points from the high to 101, Heavi
ness was also shown in the other steel
shares, Baldwin closing at 91, but ex
ceptional strength was shown in Amer
ican Car and Foundry, which after mov
ing up 2 points to 963%, declined to
951 g. Philadelphia Company in the last
few minutes made a new high record
for the day of 40, an upturn of nearly
3 points. Losses of from 1 to 3 points
from the early high were frequent in
the last hour, International Paper
closed at 53%: Reading 831 : Marine
preferred 117; Mexican Petroleum 184%;
Bethlehem Steel B 75%, and General
Motors 17914,
The markte closed weak Govern- |
ment bonds unchanged: railway and
other bonds weak.
wvvw‘:\mm
| ATLANTA SECURITIES, |
e e AR
| § | _Bid [Askd.
Atlantic Steel Co., com. ' 90 | 95
G 0 PYef.. .o 2 iiiCiinvaniod B 8 95
At Ice and Coal C0rp.iy......./ 8 | 70
o PPI .. igl TE 76
Atl. and W. P. Rn11r0;d....... 150 |166
Atlanta National 8ank........|285 95
Central Bk. and Trust C0rp....[148 |152
Fourth National 8ank.........|316 [320
Augusta and Sav, fiulway.... -1 92 96
Exposition Cotton Mills ~.,...[185 |l9O
Fulton National 8ank.........[120 (125
‘Empire Cotton Oil, common...| 60 63
80, PrOL. . 3N instiai o voos] D3RI DO
Gate City Cotton Mi115........J226 ...
Ga.'Ry. and Banking C0.......[233 [236
Ga. Ry. and Electric C0.......|102%[108
T Ao POr COBL: i i inieil TE 79
Goorfln Ry. ?d Power, Ist pfd| 65 70
BWb vivisniol D 15
80, DOPMEINBR . isisvieaiveisl B 10
Lowry National 8ank.........|220 [225
Southwestern Railroad ........| 96 97
Third National 8ank..........[216 [2lB
Trust Company of Ge0rgia....|2756 [2BO
Atl. Cons, Bt. Ry, 658........../100 }lO2
Atl.-Char. Airline 68...........5.10 |Basis
Atlanta 3%5, 1940............| #.4o|Basis
Atlantic Ice nmlrgon.l. 08, .0.54:] 93 87
Atlantic Stael O 5. ..........04| 88 97
Ga. Railroad and Bank. C0,...| 80 85
Nebissreaeiiipea o
NEW YORK CURB MARKET.
The market opened firm and closed ir
regular,
Open. Close.
Aetna - Expl. ~ 10% @ 1005 10%% 10%
Anglos Am. Oil . 205 @ 21% 214% 21%
Barnett Oil . . ,196 bid 185 bid
Cons, Coper . , 4% @ 5% 4% @ 5%
Cosden O . .. 9% @ 10 @ 10
Curtis A'pl. ~ .11 @ 13 11 a 3
Houston Oil ; . 96 98 980 99
Indiana Pipe ,104 @IOB 104 @IOB
Inter Pete. . . 31%© 32 1y 31 %
Lehi. Val. Coal, 80 &5 80 86
Magma . . . . . 270@ 30 27 30
Marconi .. , , 4%® .4% 4 4%
Meritt Oil , . ,32 @ 33% 0% @ 30%
Midwest Oil ~ .19-1615% 19-16 1%
Midwest ref. 180 @l7l 168 171
N. Am. Pulp 6% % 7% 7%
Ohlo Ol ~ , #97 400 597 100
Prairie Oil ..700 710 700 710
Bub. Boat . . 17T%@ 1% 16%@ 17
&. 0. N Y. 38 292 388 392
BON I .1 722 mn? 722
8 O Cal . 378 280 278 280
8. O Ind. .. 818 825 815 825
Union Tank 118 132 118 @122
1. Motors . 46 49 15 19
\’unktm ew- B 36% 64 %
W. Martin- .. 'H{.‘ae 33;4 1%3&‘91 13‘10‘
Cons, Aris. ~ 1 ~16 3-
Nlp!um&.‘..‘. (1 % ?% 8
B. and Wyo. Qil 44 .. 16 44 4“0
Glen Rock Oil , 78 7% % 714
1. O/l & Tpt. . B 4 8% 8y 8
Ne- Wi .Ol s 88 66 66 66
ok v 38 2% 2% v
Sapulpe . . . 8% 814 814 l&“
Poons ... %8 6% 6
FINANCIAL NEWS, ; |
Preliminary production figyres of.four
copper companies for March are approxis
mately: Utah §,366,000 pounds; Chino, 3.-‘
770,000; Nevada, :(,65.0,920; Ray, 3."2.000.‘
.
Central Pennsylvania miners planning to
ask for higher \u.cu.. %
Conferences bhetween the Railroad Ad.
ministration uq;i the Industrial Board over
Bteel prices to he resumed Shortly,
sy e g
Agricultural exports of United States
during March totaled $296,067,366-—an ine
cremse of $37.900,000 in & year, |
The average price of 20 rails, 8451, up
JO9; 20 Industrials, 9!‘24. up 03, ‘
. *
Chino Copper earned $4.49 a share In‘
1918, compared with $10.93 in 1917,
. NP
Wall Btreet says: “Several things mw'ur-‘
red to stay the wild buying rushi Technis
el conditions threatened to become un
sound by headloss buying. (!ouncl, of
Four seems to have struck a stone wall in|
the Adriatic question and indications
point to delay in settlement of steel
prices."” |
s |
STOCK MARKET OPINIONS, |
Thomgon, McKinnon & Co.: “For the
past month we have been told of good huy
ing in Marine stocks. Of coursa there is
no way of getting the real names* \
. - .
)
Harris, Withrop & Co.—~'"ln automohile
trade cirgles it s stated merger of Max
well and \ Chalmers Companies has been
aceomplished A meeting of Maxwell di«
rectors was held Jate Tuesday but no in
formation us to just what progress had
boen made was forthcoming when the
mecting was over." :
ST, LOUIS LIVE Siocin MARKET, ‘
BT, LOUIS, Apr¥l 23.-~Cattle: Receipts
4.000; market steady; native beef steers,
11.606618.60; yuurlm% steers and heifers,
DEOGI6 00; . cown, 10.50@13.80; stockers
and feedery, 10.00@13,60; calves, 7.756@
17,60, Texan steers, 100061500, prime
Southern steers, 7,50@1640; beef cows and
hoifers, 6505 00,
Hogs: Hecoipts 15,600; market steady;
mixed, 20.35@20.06; good, 20.90@21.00;
rough, )s,otvgu.no; “fh"' 20.30@20.76;
Hights, 15,006019.25; bulk, 20 2!»?’.!0 20
Hheep: Recoipts 2.200: markdt steady;
ewes, 1100@14.50; choppers anfl canners,
1.500“.0‘; lambs, 20.000620.25.
! HISTORY WILL REPEAT ITSELF|
{IN RISING VALUES OF BONDS|
| Do you recall when the 4 per cent United States Government bhondd
reached 140?
You don't have have to be sa very old to recall that. And that fig
ure of 140 meant that the man who bought it at SIOO per hurddred dollars
of face value would be able to sell it for SI4OO. And he had been drawing
¢ per cent interest on it annually all the time he held it.
Rißght now bankers and investment brokers are predicting that the
present Governyment ecurity issues, the Liberty Bonds, will repeat thy
history of the old Government Fours.
History will repeat itself they say. The records of every great wat
show that the prices of bonds that were away down in the days of the
‘t\ar and for a time aftrr the actual fighting had ceased, always increased
A 8 SOONn as pece ws firmly restored.
g B S TR e 5 TG STR S YTR e
| About a hundred years ago the Napole-,
onic wars were ending. England had gone
through a desperate struggle with ths
French imperialist. During those strug
gles the dpricn of HEnglish consols, 3 per
cent bonds, ranged from the m*n mark,
673, to 54%, the low mark. That was
\? the yeer 1814, In 1824, ten years later,
the quotations ranged from lo{. the low,
to lfl‘; the high for the year.
In this same pofigd the French bonds
were undergoing ahout the same fluctu
ations, The French & per cent “rentes’
rose from 80, the hlfh in 1814, to 104.8
in 1824, They had fallen as low- as 46
in the despairing days of 1814, ¥
Our Civil War Bends
During the Civil War in America, 1861
to 1866, the Government issued many
bonds. During these four years the bonds
sold as low as 83. The low figure of §3
was reached in 1881, when the Union
seemed to be breaking up foraver. But that
year the hlfhmt figure was 964 .
From 1861 on through the war the bond
values steadily rose. They had a prac
tically steady rise on through the war un
til the Plulc of 1873, when they stood at
fi.’{n highy with the low for that year at
» <
In 1864 the American Government {s
sued the 1-40-year bonds, and in ten years
these rose from 103% to 116%.
llt-utlnfi Sratistics
The fsnowlnt tables, prepared by the
Guaranty Trust Company of New York
from, the financial records of this and
other' countries, will give the figures on
which the opinion that Liberty bonds wili
rise in value, |s based:
English Consols %fln the Napoleenic
ars,
Year - ng{h. Low.
WA e i 8 6404
LERR 00 Vo vt sk sirantsiv 13 b‘lz.
BRIR b viituniine st A 08 %y
MY hdoscomsnsss di¥ridons 841 62
SIAR N cones i ibnitsienis B 8 ) 73
ABAR Visnnoiidisiavitinneis 39 64%
u:o'lg& 655
MBE &y oo s kuiy Bttt Vil 8 684
W s 5%
RS Uvnsssod ennisnbisknss u‘%‘ 72
808 v eienianifdrnaieiis 84%
. 5.0
French Rentes in Napoleonic Wars.
Year High. Low,
IO el i i i 45
AW ohoiiisiiketiiiinivi B 62,3
WO L aliuieiibriaviiinie BEE b 4.3
BT iesicuiiveiih e BB 556.6
IR . v i rie BB 60
TR vhitis ki aneraonh TR 1E 64.85
TSRO 'y codlovnensn il rin T 70.1
TR vicocrivariavnstiiiie DOOO 7396
OB .o v v xiiimn vavsV s hs i 83,
IBET i iiin inkar e B4R KERAY
1824 Skans s egibsnsveseii. LA 93
% 9 &
French Rentes in Franco-Prussian War. ]
Year High. Low.
SRR il ok e TR 650.8
La 7 TR G G B e | T 60.35
R oo nininis BN 62.4
B iki e i i B 53.26
EERE vvi i servib it ivin e DEE b 8
SIS oav o vvs Ry vas it oo BINO 61.6
PEEW: i visbaitib e TR 65 ‘
BURY su il il itk TREEE 66.10
AORW .yl ey ey TSR 69.95
IBT® v A i RS m 3
S iiiisveidiai el B 0 sl.l
o B 0 |
United States Bonds in the Civil War.
Year High. Low,
ML vkt BN 83
AR iyl ki iieiakar IOT R :12:.
1863 vessevesinisansesesllo% 1l
‘mu BV oV iibl s T TED 102
1865 [ERERRRRTRT e e§Bl 3 105
1866 tesssarensinansansnll4% 103%
1867 sedernerssnrensans 1135 1064 y
BBAE .oo lisevhephnig o ARRY 108%
SUBR L i e v Sapnon s LEE S 106
1870 éeingieisiriense iy 118% 112%
IBPE | s i vean s vl DN 11075
1872 ~130& 1144
1873 stessnmevessbirnensid B 9 111%
»ow N
Year 1 High. Low.
Ten and Forty United States Bonds.
M il ihvisii iil 94
CERD |y ieiicßan sst ko el 894,
15866 gresansavesieniias eAB 90
(ROWY. . i 9714, |
1868 . ... niieiiiiieen. Jdo6B 100%
1869 sneetecneve e sins PRI 106
TR Lirnsesbisiatinstinetl® 104%
1871 Febbegsnprinesindielloß 107
1872 vesssannscisanansns « JEBN 106 %
ill’lfi IIG% 103 %
The rguma tell the tale. What finan
‘cial hisery has done in all the great
modern wars, and following these wars,
it is mighty likely to do in the future.
Bankers' prophesies are not just so many
fool Slcmu,firfiesluch emr,ty"u!ll{..AON 5
\ Frediction soundly’ Iwsed
~_When they make predictions based upon
the figures just quoted, ani olhers drawn
irrom financied h|llo7. ey are denlin}
with koown qunfititi.s Tha history o
hond rises during each of the wurs men
tioned, and af.or taecss ware, has bLeen
very similar,
~ Here, too, is another fact that must be
taken into consideration in prophesying
the future values of the various Liberty
Bond issues. Our loans made in Eumreun
countries will be paying us an annual in
come in interest, unoumlnf to $430,000,000.
Just now call money is ranging nay
where from b 6 to 6% and 6 per cent, After
the Victory Loan, the last of the Liberty
Loans, 18 sold and distributed, after it has
' been paid for in full by the investor,
there will be a return to the old interest
charges on money. Money will return to
the old 39 and 4 per cent basis, according
to the financial experts.
Then the investors all over the world
will go out hunting for gilt-edged bonds.
They will be -hog‘plnl for the right kind
of investments, hey will be looking for
something to buy.
When that tinie arrives the iLberty Bond
issue will increase in value for there will
be nothing better in the world, rom the
n-nurqlnl of s}rernunant investment. In
fact it is “Y oubtful if there will be
anything that will come nigh to equallng
them,
The man’who holds a Victory note
(short-term bond) or any one of the Lib
erty Bonds, at that time will have some
thing that every investor will want and
be willing to pay a price for: But the wise
man will not want to sell it. He will want
to hold firmly to it in erder to have the
steady, high rate of Inhfin and that
absolue safety on his investftnents,
Last Chance to Lond Ig.
The man who loads up wit Victory
Bonds is wise, in the best financial sense |
of the word, It is the last chance to load
up, the last opportunity to buy a high
interest war loan bond,
There are a great many evidences even
now that the nation is beginning its finan
clal recovery, Abnormal war conditions
are vanishing day by day. It has been
noted from month te month that there
Is an Increase in bank balances at finan
clal centers, o tendency toward lower
rates of money, a lessoning of the amount
of paper held by TPFederal Reserve and
member banks, an inflow of gold coin and
gold certificates into the banks, indicat
ing a greater confidence In the financial
situation and a decline In the amount of
Federnl Reserve notes outstanding. All
these are fhvorable signs whose signifi
cance should not be overlooked,
There in still another advantage that the
United States has now, atythe close of
the conflict. We have a very small pes
capite debt, smaller than that of any oth
er first-class Jzowrr except Japan, The
entire indebtedness of the United States
amounts to slightly more than 7 per cent
of its estimated wealh and is only $l7O
per eapita
Compurable With Other Countries,
On the other hand consider the cuse of
Great Hritain which has accumulated n
debtgof 443 per cent of her natiomal
wealth, amounting to $360 for every man,
woman and child in her population. France
owes 41.26 per cent of her estimited
wealth, or $296.00 per head. Austria owes
8§4.66 per cent of all her wealth and
$242.90 per head,
Germany, exclugive of her Ninth War
Loan, on which acourate returns were
BANK CLOSING NOTICE.
Saturday, April 26, "Memorial Day "
i a legal holiday. The banks com
posing the Atlanta (learing House
Association will be closed for busi
ness on that day.
DARWIN G, JONES,
Manager and Secretary,
W. J. BLALOCK, Presjdent,
~~Advertisement
“ Victory Loan !
(. bankers and investment houses
{are focusing their attention on
2 the launching of the Victory Loan,
zwi!h the sole purpose in mind of |-
obtaining subscriptions to the full
% amount of the quota of the Fed
) eral Reserve District of Atlanta.
é The machinery and working forces
( are well equipped for a strong
) start,
§ 3 3
5 During the flotation of the Gov
{ enrment offering little attention
. will be given over to industrial and
corporation bonds, the time and
efforts of bond houses being de
voted oxclulivdy to the Victory
Loan.
. Financial Sunshine
0 . §
! Sales of Victory Liberty Loan
'§notes in New York Tuesday ag
) gregated $23,630,000, bringing the
égrlnd total to* 96,200,560.
never made, owes 38.7 per cent of all §
is worth and has a debt of $305.90
capita. Of course these figures for Gery
many and Austria do not take into e
slderation whatever indemnities in
way of reparation are laid upon th
countries, ’
All this places the United States in
strong position and naturally adds velwf
to the Liberty Bounds, Victory notes,
other securities of the Government, >
The United Stateés is right now the grea
est banking power in the world—
the greatest banking strength any nat
has ever known. It has such a reserve
money a 8 no ether people ever accumul
ed. Its power increased something like
per cent during the war, as compared wi
A 15 per cent increase in the four y -
preceding the year of 1914, 7
This makes the Liberty Loan of the Fifi
or Victory issue one of the strongest propt
ositions that has ever been put before {
nation with money to invest. The co
back of that loan, the United States Go
ernment, was never stronger financially
than it is today end that strength is
combined srength of the wealth of all 4
paople.
e et
NEW YORK rl'mn;!cn MARKET.
NEW YORK, Arril 25 —Petroleum gfirmy
crude Pennsylvania, 4.00, *
Turpentine steady, 78@ 78 %.
Rosin easy, common, 12.60,
Wool unchanged,
Hides dull. Native steers, 21%0“‘ z
branded steers, 254 @261%. 4
Coffee firm; options opened § to *fi;‘
points higher; R™ No. 7 on spot l?fl;. 2
Rice quiet; domestic, 8% @lOl, RS
Molasses dull; New Orleans open
76?82: black strap, 12@17. e N
’otatoes firm; nearby white, 3.50 A e
Bermudas, 8.00@14.00; Southern .
3.00@11.00, (N
Beans steady: marrow cholice, 11.96; p 1 ;
choice, 7.50@7.75; red kidney choice, 12.28
Dried fruits firm; apricots, choice ty
fancy, 26@28; apples, evaporated, g i
te fancy, 17 @19% ; prunes, 30s to 60s,
@20% ; prunes, 60s to 100 s, so @l7
peaches, choice to fancy, 18% @2l; "aefl 4
raisins, vhonf to fancy, 10% @lB. i
ATLANTA PROVISION Mlvrm.
(Corrected by the White Provision Co,)
(United States Food Administration Lio
ensa No. G.-21371.)
Cornfield hamns, 10-12 average..,.... 94y
}l'nrmn»hl hams, 12-14 average..,.... 34 2
Cornfield skinned hams, 16-19....,.. 87
Cornfield picnic hams, 6-8.....,,.... 28
Cornfield breakfast bac0n........... 4%
Cornfield sliced bacon, 1-Ib. boxes, 12
00 000 oo o ivsnnoviihsoduvaivisntviiE
Grocers' bacon, wide or narrow...... 38
Cornfield pork sausage, fresh link or ‘
UL 'ooas s i ovdivianiesdhivassbue ‘
Cornfield wieners in 10-Ib. cartons.,. 23 ;
Cornfield wieners in 12-Ib. kits in
PICMIS il sibihesiiin it
Cornfield bologna sausage in = 25-1 b
DOBOS. 5 i cvvni v rsrs snkdiinrii st
Cornfield smoked link sgusage, in 25«
ID. DORES +./\ . vaishoonvrvirransinna SN B
Grandmother's pure leaf lard, tlerce’ 3
ROMID s.ivisitveviishititisitain
Country style pure lard, tierce basis, 8% 3
Compound lard, tierce basis. ....... 2“ %
L 8 ORIVR WIDE. o vicivy aneiiniiine s
D. B« hellies, medium average........ 3:
D. 8. bellies, light average, ... .m w 8 38 5
THE WEATHER
WASHINGTON, April 23—Generally
weather will preavall throughout the 3
tonight and Thursday, with not m
change in temperature, 4
Forecast by States
Georgia, Alabama, Mississippi and Flon
ida: Fair tonight and Thuraday. 1
North Carolina: Fair tonight and Thurs
day; warmer tonight in central portion. |
South Carolina: Generally falr tnmd
and Thursday 5 3
Tenneasse: i tonight and Thubsa
slightly warmer tonight in nor}‘hnfl.
tion; cooler Thursday in northwest
tion, g
e ]
SPECIAL NOTICE.
NOTICE TO PAVING CONTRACTORS.
Bids will be received until 11 o'cloeka
m., April 26, by the undersigned for pa
ing gutters and other incidental work "
Enst Pace’'s Ferry road from Peacht
road to Piedmont avenue. For further |
formation apply to .
C. M. HOLLAND,
Purchasing Agent, Fulton County,
~AdV, 507 Court House, City,
o
A gt o\
wR Y 9
ol 5]
mfl‘f&‘,’
OUR Correspandemt Offioes
in 47 Cities age working
to facilitate the-swecoss of the
Vicrory Lmsmmry Loax.
mspafl
Covvespondent Offices i 47 Cities
Atlanta-—4O Edgewood Ave
Telephone-—7541 Jvy,