Newspaper Page Text
Shipping Board Places Surcharge of 25 Cents Per 100 Pounds on Cotton From Atlantic and Gulf Ports to England.
By VICTOR BARRON.,
Atlanta bank clearings Wednesday ... ... ... ... .$8,469,299.26
Same day last year... ... ......... .. .o oo .. 7,485700.79
ST ———
Io b s se i 083,508.47
Same day last week.., ... ................... 7,209,142.77
DI IORT (0 oo T eeet R
* * * '
Atlanta Spot cotton Wednesday..... ... ... ... .. .. 28.40 c
B B I .. . G e e
DDI . (aieoa i hvs b it i BT
e ARI R R S ie . T
* * *
Atlanta cotton statement W ednesday:
i 1919, Last Week. 1918, 1917.
Receipts .......... 1406 416 193 666
Shipments ......... 036 761 816 1,167
SROOE ... 21008 26,182 44,601 76,869
B . ) e 2,400
’** . p
(By International News Service.)
WASHINGTON, April 23 —Effectivev at noon today an order was
issued this afternoon by J. H. Rossetter, chief of operations of the ship
ping board, estabiishing 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
digcharging cotton ships. The surcharge was made in lieu of demur
rage and will continue in effect until discharged 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 te professionals.
Liverpool failed to meet the full advance due. This, together with favor
e w able weather and fear that final peace settlement might
“,c'.,\}gg& be delayed, encouraged further realizing and pressure
from the bears' rank for a reaction. First prices on the
g g B New York exchange were 17 to 34 points down on new
& s contracts and 10 to 28 peints lower on olq style. Liver-
B pool turned a seller after the eall, which was followed
[1 o x by offerings from Southern interests and commission
w &8 houses. Offerings were not as rapidly absorbed as on
et F WEME Tuesday, the old bull crowd apparently desiring to
el @ : await a further reaction before enlarging their lines, or
Famae % replacing soldout lines. Nevertheless, the market holds
Frna R s remarkably strong in view of the recent advance of
\w nearly b cents a pound—October rising from 20 cents
SR N R to 24.85 during the interval of from March 31 to Mon
e . B 8 day, last, without noticeable interruption.
LT Under this pressure new contracts receded 40 to
¥R % 50 points hefore the neon hour, with May dipping to
B e 27.02, July 25.70, October 24.10 and December 23.65.
- e FPutures at New Orleans reacted 20 to 47 points, with
e (1181aNE 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 result
of eheering news from Paris, bullish dry goods news and reports of in
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 cent,
with new May contracts at New York jumping from a low of 27.02 to 27.87,
while July boomed from 25.62 to 26.50 and October from 24.05 to 24.96..
Just hefore the close scattered realizing cheeked the upward movement,
old contracts closing 25 to 34 points net higher and new options finishing
15 to 34 points higher.
Atlanta spot cetton 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 cer
tain sections, but slow germinatidn as the result of unseasonably low
temperatures. The report stated that moderate rains on the 15th proved
favorable in Georgia, but subsequent low temperatures ecansed slow ger
mination and growth, and that planting continyes active, with good stands
secured in the South, where chopping hgs begun. 5
it ie g e e oel
:
CHICAGO, April 23.—May and Sep
tember corn continued to advance at
the openjing of the market today, and
new high marks for the season were
again recorded. Opening prices for all
deliveries ranged from 5-8 to 1 7-8 high
eér, There was scattered commission
house buying. Later, May rose to 167,
a net gain of 2% cents, July reached
1.61 8-8, and Septemtber 1.58, or 2%
to 4 cents up, respectively.
Qats started with a scarcity of of
ferings and fairly active commission
house buying. First prices were at
gains of 3-8 to le. Trade was only
moderately active, being restricted by
lack of selling. Before noon the list
stood 7-8 to 13-8 cents higher,
Firsi prices in provisions were sharply
higher with scattered buying inspired
by strength in grains and the advance
in hog prices.
Corn made new high records during the
final hour, with May rising to 1.684 ; July
1.62%, and September 1.60%, the latter
showing a net gain of 5% ecents. The close
was 315 to 5% cents up.
Oats closed % to 1% cents higher.
Provisions ciosed higher
Girain quotations:
Prev.
Open. High., Low Close Close.
CORN
Moy 1L656% 1.68% 1.66% 1.68 1.647
July 1584 1.69% 1.68% 1.628 1684
Sept. 1.565 1.68% 1.66 1.69% Ib4
wil
My 7114 72 IY% 1% 71
July 708 1% 0% 1% 7014
gept 67 % ] 67 % 69 67%
ny
May 53.26 53.33 653.16 6315 52.60
July 660,10 §50.86 6560.10 70.36 40 80
LARD
May 20.90 311.00 30,80 30.87 J 0.65
July 29.99 0.00 29.85 29.87 20.70
Mny 28.65 25.97 28.65 28.70 28.60
July 87.50 27.50 27.40 27.42 27.30
S 0 Thin?
It is not hecoming—nor
safe for your health. Add
flesh 10 vour bones and roses to your
cheeks by drinking a glass of this
dolicious digestant with each meal.
Shi Al
Sillvar e
PUNE DIGESTIVE AROMATICS WITH
SHIVARGMINERAL WATER AND GINGER
"Phone your grocer or druggist for
a dozen bottles. Satisfaction guar
anteed or vour money refunded on
first dozen used.
Bottled and guaranteed by the cele
brated Shivar Mineral Spring, Shel
ton. S. €. _lf your regular dealer
cannot supply you telephone
MceCORD STEWART (0,
Distributors for Ailanta,
:) ‘F‘Brll(;vs;i-nvgw is the weekly weather
and crop 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 rains are needed for germina
tion, The progress of early planted
is poor because of cool nights.
OKLAHOMA ~The clear, dry
weather was favorable for progress
in plowing and planting. The high
winds and low temperatures were
detrimental to all erops. 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
16th were favorable, but the subse
quent low temperatures caused slow
germination and growth. Cotton
‘planting continues actively. 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
temperatures.
| MISSISSIPPI-—General rains oc
curred on the 156th and 16th. Frost
in the northern distriets on the 17th
and 19th caused slight damage. Sil
moisture was excessive the first half
of the week, but conditions are now
favorable. The cool nights were un
‘ favorable for germination and growth,
Planting cotton is making rapid prog
ress.
- ARKANSAS—The light rains were
very favorable for planting cotton
and work is ahead in the northwest,
but badly behind in the goutheast on
account of rather wet soil, The germ
ination of cotton was retarded by
cold nights, but warmer weather hte
last few days was favorable.
NORTH CAROLINA-—Cotton made
satisfactory progress. Planting con
tinites in the south and has started
nearly to the northern border coun
ties,
SOUTH CAROLINA-—The nights
were too cool for best growth, with
slight frost damage to tender vegetas
tion upstate on the 18th and 19th,
Recent rains were very beneficial to
winter wheat. Germination and stands
are satisfactory northward over the
lower Piedmont, though lacking in
vigor because of low témperatures.
FLORIDA ~Early cotton and most
of the corn has be y» worked. But
these crops made {BV 1 progress on
gecount us the unseas §uably low tem
peratures, but the mdyerate rains In
the northern and cefdral portions
were beneficial,
LOUISIANA-~The planting of cot
ton continues, but was considerably
retarded by heavy rains on the 16th,
except in the south central portion,
where the rains were light,
CHICAGO LIVE STOC KMARKET
By U, S, Bureau of Markets
CHICAGO, April 23-—~Hogs—~Estimated
receipts, 17,000, Market, strong, 10c high
er. Bulk, 20.80@21.00; top, 21.10; butch
er hogs—Heavy 2096@21.10. Packing
hogs: Heavy io,‘m@fll,“; medium and
mixed, ns.oo%zo.so; light, 2026 21.00;
pigs, IT,OU?I .25: roughs, 18.85@ 19.76.
Cattle—Estimated receipts, 8500, Mars
ket, slow. Beef cattle: Good choice, 17.90
@2O .40, medium and common, 14006
18,00 Butcher stock: Helfers, 8.35@15.76;
edws, R O00@16.50; canners and cutters, 6.40
@ 16 50, stockers and feeders, good choice,
10.50016.00; common and medium, B.Tfi@
13.76; veal calves, good choice, 13.00@
14.50
Sheep-~Batimated reeeipts. 15,000, Mar
‘ket, slow. Shorn lnmbs, choice and prime,
177560 19.50; medium and good, 17.50@
19.00; spring lahbs, good choice, IRSO@
21.00, ewes, cholge, pritme, 11.76@15.50;
medium and good, 6.00411.76.
_~@“ ~
™ O
.% : i
(%lua\n\ P 9 (i |
RGN/ Al ™™
-
NEW YORK, April 28 —Poor cables
from the Enxflph market, a favorable
weather mnfi ang prospects for a rather
bLearish weekly wenther renart were ia
sponsgible for a decline of i‘! to 34 points
at the opening of the cotton rgarket
today. ter llzrices were steady on
trale buying, with general business less
active, but again weakened on in
craesed offerings, new contracts show- |
ing a net decline of 22 to 44 rolnts at
the exyd of the first thirty minutes of
trading. e
The wekely weather report was nelfl}-
er bearish nor bullish and had little ef
fect on the market. However, realiz
ing sales caontinued in evidence through
out the forenoon, cnuslnf a !urt(l}er re
action, new contracts dipping 40' to 50
points, net, gith 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 Monday.
The market scered a vigorous rise
d\{rAnx the afternoon, gith short in a
wild rush to eover. here also was
buying for spot firms and trade houses.
Optimiststic news from Paris, bullish
goods news and strength of spot cot
ton, caused the rise, which lifted- all
options to rgew h;g{w for the moyement,
or almost §5 a bale from the forenoon
low levels. May soared to 27.87, while
}:lluv jumped to 26.50 and October to
24.06,
At the close the market was steady,
with old contracts 25 to 34 points hilgh
er and new options 15 to 34 points
hlghev.
pot cotton was quoted 25 points
higher at 28.75.
. -
NEW YORK COTTON.
oOld Centrac
pen [High | Low. [ Saic Clame (Prv
May 128,00‘26.50[25.00136.4. 26.35 26.10
Jiy 126.66126.00({25.13/26.00{25.98-26/25.65
Oct |23.45|24.00/23.45{24.00124.07 ~ 183.73
s v e s [43.73
Jan o).l 0 8 -.i84.07 123.98
Mo Ml T 0 sl
—lOnen. [High | Low. [T.Sale] Close. [Prv.Close.
May [87.85]27.87127.02]27.95/27.75 [87.52-54
July lifig’lfi.fio 25.62 28.39,36.!5-40 26.10-13
Oct [24.25/84.96(24.05/24.88/24.87-88(24.53-55
Dec [20.67/124.56/23.65]24.40]24.40-45|24.06-07
Jan [23,45/24.00123.30 24430 24.10-15/23.78-81
Mch [3926/23.85123.10(23.85/23.76-80(23.60
@losed steady.
NEW ORLEANS COTTON.
Old Contracts.
. lOpen. [High.| Tow. [L.Sale, Close. |Prv.Olose
May [26.56126.50/26.56]26.50]26.55 126.50-60
Jly [25.40(25 40;2.’.40 25.40(25.39 |126.10
Ty Pasit e ‘ .As"s,fio 123.33
l."_“l':__'_.__lfi_l _l.';'_'.)#;.? iéi"!} __._.12391"—_
New Contracts.
—lOven. |High.| Low. [L.Sale| Close. TPry.Close.
May [26.50/27.07]26.20/27.00127.00 |26.45-50
Jly |25.20125.93]25.03125.82(25.79-82(25.49-43
Oct I‘.'.'l,r’)O)'_’L:!MZS.3(li24,o7|24.os-09 23.74-76
Dec 12316/23.94/23.00/23.80/23.80 '23.47
Jan |2‘..’,R4!21‘».1i1&}23 84]33.33/23.45 183.18-20
E!Lhfi.l iII o “*_J__A'}E.i-’f.’___.wf._
Closed steady.
. LIVERPOOL COTTON,
LIVERPOOL, April 23—0otton 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; gooed ordinary, -4.34; ordi-
Futures open=d steady.
Prev,
Open. 2 p.m. Close. Close.
APR oov. e . 180 IR3¢ 1809 1801
BBY i i se 3078 1588 1630 .16.8¢
JUNS .\ .. .. J 3643 2820 1630 16.23
VY .. ah g +=3830 9REO 15.88 I.".QS)]
August .. ~ .. 1586 1581 165.64 15756
Sukm-mlmr svc oo XB,BD 1841 105.20 15.39
Vlosed steady.
| SPOT COTTON.
Atlanta Commercial Exchange quotes
basis good middling, 28.40; sales Tuesday
1,500 bales.
. New Orleans, middling, 27%;' sales
907, arrived 675. =
Liverpool, good middling, 18.35 d.
aw York, middling, 28.75
Savannah, middling, 29.
Augusta, middling, 27%; sales 8584.
Boston, steady, 25.65.
Philadeiphia, middling, 28.90.
Charleston, middling, 261,
Wiimington, middling, 26%. ‘
Norfolk, middling, 26%; sales 26 ‘
Meoemphis, middling, 26%,
St. Louis, middling, 2614,
Dalias, middling, 27.40,
Mobile, middling, 26%
Galyeston, middling, 28.
Houston, middling, 27.60
Little Rock, middling, 263§,
Montgomery, middling, 28,83
cbrroN BIDS TO LIVERPOOL.
New York 11:00 a. m. bids to Liverpool
were:
" TNew [old
T g e SRR
BRI S S ws B b is IR
October .. .. .. .. .. o- .. ..134.33)..,.
New Orleans 10 a. m. bids to Liverpool
were! i Lot
£ . Now | Old
SR S RO SR et ‘.’2540[2';35
LT RO e C See I AT |Y T T
OPtOber.. .. .o 5 45 oo g 1888010,
COTTON PORT RECEIUTS,
The following table shows receipts ut the
ports today compared with the same day
last year:
[ 1610.1 1918,
New Orleans ...............] 4,084] 2,904
CIRIVROION 7~ Lt sverrisairti il RAN 417
Mobile saserssgsassrnrvsens) TRH: o oges
Savannah tiirsaviseitensivhk lIN 208
Charleston Rk s R v aEinuiis 476] 106
Wilmington ks e b s tani 88 214
Norfolk ikt rasa ey rin sl PN 117
b'ww FOPK cociavennnnvsrsns)ene ’ ;90
BIURON .. . iinh oi vk sk N 76 268
Philadolphda .. .ocovoeveeeo 00l T 4
T iR
INTERIOR MOVEMENT.
T 1919.] 1918,
T gl sSaiepls pigi Bgy 5,319 2,004
Augvsta b B b 1,102 127
Memphis Y o b s RN
B B . s % v ke b 1,629 65,219
Cineinnati Fa. hwEyo A el | 368
Littld Rook .. .. .. ;o ~..0 348] 36}
ot .8 .. .. .. o L IIL7ON SRS
SEMEWEREKLY COTTON MOVEMENT,
= [ ibie_ T iois 1 iwi7, -
Receipts 00l 40,873] a6,080] 28,409
Shipments o] 48,1871 44,708 39,963
Btocks ........[11,071,854] 851,000/ 721,408
COTTON NOTES,
Press advices from Paris say a special
meeting of the Bupreme BEconomic Council
will be held Wednesday to try to reach a
decision on the question of permitting a
Hmited supply of cotton and other raw nia
terinls to enter Germany. Should this oe
cur, it will naturally be bulligh
» * -
Dry Goods prices are running away in
a bhullish direction Last report says:
“Sheetings advanced from I'% to 1% cents
per yard."”
. - .
Liverpool futures opened 12 points highs
er, against 22 to 26 higher due Spot
sales 7,000 bales
o« v 9
Favorable weather map shows cloudy
in Texas; fauir over rest of the belt;, warm
er, no raim.
CHICAGO CASH GRAIN.
CHICACO, April 23.—Corn—-No, 3
mixed, 1.654,@1.661%; No. | mixed,
1.63%@1.641%; No. 2 white, 1.68%%: No
9 white, 1.66; No. 4 white, 1.65; No. 2
yellow, 1.70; No. 3 vellow, 1.66; No, 4
yvellow, 1.64@1.65
Oate-~No, 2 mixed, 70; No. 2 white
TLUV‘ No. 8 white, TlB @72 No ‘
white, 0%, standard, 2% @73%
CHICAGO CAR LOTS,
AHICAGO, April 23 Folowing are re
colpls today . i
Wheat . e o 8 3
Bors . .. e Ak AT 191
Hogs » i B i S T e
SOBLY oFas sn s ssh sy Wa oD ws 71‘
FINANCIAL|
’
AMERICA’S EXPORTS IN MARCH
; WERE MORE THAN $600,000,000
WASHINGTON, April 23-—Americac’s exports for the month of
March were valued at $604,912288, as compared with $8522,900,238
for the sameé 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 i raw materials
for masufacturing purposes, which jumped from $66,093,630 in March,
1918, to $101,197,253 in 1919,
| New York Stock Quotations
Market closed weak. . '
Total stock sales 1,682,800 shares.
Total bond sales $12,185,000.
ev.
| it T
85| 38 . 8
lia=Dhalvors °, 7.1 JEY% idig| idie| 15%
APt ji%l 48 uh iie
‘Amn. z"‘“l Sreid »117;* 76:2 & 528
Amn. B Sugar || soit) st s b
mn, B. e
Amn. Can i.wdry. £ 3 :: ‘7& g{ 70¢
Amn. Car o, 70 104
Amn. ‘-'0"") ve of TR ikl A4y
A““‘(',(,L:ref‘_ iarrr o ggn ?i?i. vaes 104 K
Amn, s’"-"‘“"‘... e et “fi‘lfis
do_pref. T 129 7130 »lws
Amn. Steel .Bae -+ o JIBO% 163 i 8'&
Amn. S"“Md T‘ . Wan 681 “a b 4
yel SRR L §oh) i) S 8
Amn, W"“.ed oek s has |36 ig
Amn. Linsces Jad” fags 136 26
o pref. "_’. 189 26%] 27 188
At 8 aud ?’L. 2 108 103. ‘ I‘*
AL BoA &. L) oyl 80l 8
do P"“c.,’.-p. R mg
Amn. Int. 50t thie liee "lD'% 49%
829 rireie of i 402 4 43%
Awmn. Sum. et 23:2 42 | 2 45
Amn. Ice 'Goods .. 45%
A“"c'&).ryyapm‘ .o .‘l‘ 46 46 Su
AR, W. Sesqp 1 eigl deicl 61
:fia Stee&d 18 _l i) il ll# gz‘l/i
Aluska Go R 1 | % 1 0
‘Amnznfl(:la Rt 93k Yo ecept 88
Atchiso R 92
PPR ok ikl &2,
At. Coast gooo DI Sooe 333
rgglltiw"':d ‘B‘;ls . ,‘“2 ;5% ’2 109%
ot stead pret, ) ) 1e 1t
et e w4B 22 | 2oyl M
Brook. R. for . .| 23% 2944 ) 29% 160 %
Butte Super N 2'* 160 % (160 % 21
i Fuse” -it ot R
. Pac te & e
i fid s+ Rel b
nd N. iy oy 3
0. ST 3 2%& 57§ 4
Crr W AR Pt B 4 ¢ 978 3% o n&,
cmino: Uobper *l"] 41 i) el eh
llfllls"lprgszcifl v 2322 68 %% 8!5! 150
Crutimic “Sieat ! 1] 69 awh| 36w gy
Cuban A. 3“{,,,- « o 29% Arsapgrand B 8
Cubadl‘ ‘l',.-fl’. 208 eRt P gl&
o F iea 5
Cast Iron k’il):l + ) 81% gg": 4% 1%2%
(';cll!ra,l I“‘““,A.- .| 24% foal et p R
I:niled(xif’l_l"'{:f,m, Sap gty ut
‘handler ) S
ok S BER LS i
(‘urre"le'f“' PR ll%‘ i
Jont. Ca NE i6' ! 16%( 18
'1’0“‘; Securtilss | 1'6"%" i ;}"’:
Jist. %vy 2
ilf.riap o pref. Ist ..| 28 160%160% HS !
SO IRt . e nitg 71
3anoral E‘e""_s SR 72%| 13 91 ,al
G, e g e
ie ) | 92% 4
(‘}(lodr\l::lal:}gt. { ‘S%I 44 .t ""b "
L. 3 T " yes . '.,."‘.
Gt. N&f.swr? Py 37"' 5" “Zu o |
Wi (RRSISTp o 8 L
| Gu!'-t Owigit:““:v' ‘ mlml s'%’ iiig ”L‘ }
\ . Cig. 8 ossne) r 202)
B g g
luspir. Sl A l-dia (150" (148
srboro . vo) aatcl 150 BRI
| mll:io Preri -l‘fi’?lls %%tlgv%‘ll":‘é
Ina. figep! ' hae nddnnds s
Int. s kR 3 3| 22
\xexlrsvfi;_ RRERE Y] By B .| 63
Int. l‘?“i’:y Boy. . , - il 'Bie! su
Ran. IRI 5 ivavs ifi" ;Y 17%1 16
an. and exa AR HEEEN
Ka do pref. . AR |et
Kennecott . . ..
| Weekly Produce Review
Following is the weekly review of fruits
and vegetables. (Prices to jobbers and
shipments for the Unitéd Btates for the
lgertud of April 15 to 21, inelusive). Issued
ihe U, 8. Bureau of Markets:
Prices Tend Higher, shipments Moderate
Markets have tended generally upward
throughout April. The past week most
lines advanced in price and there were
very few important declines, Potatoes,
cabbage and onions made distinct gains
Values of dry beans, celery, strawberrics
and lettuee were fully maintained, with
strong tone. Shipments of 26 leading truits
and vegetables were 6,623 cars, compare
with 7,245 last week and 6,800 a year u,u,
The decrease since last week was chiefly
in old potatoes, partly offset by marked
increase in new potatoes, cabbage and on
jons and in various other lines of early
Southern preduce.
l'?wwd Trend in Potatoes,
Following last week's recessions the
markets again became strong, with sharp
advances, especially in the East, New York
round whites, in bulk, closed at top of
$2.50@2.62 per c¢wt, f. o b shipping
rulnts; a gain of Go@6oc, and relatively
righer than prineipal consumin markets
for this steck, which closed at 1135@!10.
Sacked Maine Green Mountains made
equally sharp d(uml, reaching 02,“?2.73,
f. o. b. in producing sections, and closing
$2.66@2.95 in New York and Boston. Ne, 1
northern sacked w&lw stoek rose 30c in
s)hleuuu cariot market, closing at $2.16@
.25 per ewt, Colorado No, 1 sacked white
stock gained 10@26c, closing at $1.70@
1.86, f. 0. b, Greeley, but declined sli hll{
in Texas carlot markets, at 1‘1.30¢‘2.5 ,
Trackside sales by growers in Northern and
Western producing sections advanced gens
erally, ranging from $1.30 in Idaho, to
$1.85 in Michigan, Nurthze.um sacked
Burbanks ranged $1.76@ 1.85, . o, b, cash
in preducing sections. Shipmaents decreased
about one-third, owing to lessening reserve
stock and te bad conditions of roads in
many sections. Total was 2,263 cars, com,
pared with 3,281 last week and 2,666 for
the corresponding week last year. Bhipe
ment of new gmtatoas were 186 cars, come
pared with 73 last weex and 484 for the
corresponding week a year ufo. New Flor
fda Bpaulding Rose nverhzm ahout $1 de
cline, ranging au,oo@u 0 per barrgl in
Northern and Middle Western markets, and
mostly $9 £. o. b. In producing sections,
Texas Bliss 'l'riumamu sold about steady
in Kansas l‘nr and St. Louis, at §4.50@
$5.00 per bushel hamper, and at §4 in
New Orileans. Hahil
(‘My Slig! Stronger
Prices tended to mlv:{nx'e fm‘ first-class
stock. Texas ¥iat Dutch strengthened
slightly to a range of sl2o@ 140 per ton in
Middle Western markets, and ranged ailso
$6.00@6.50 per ewt Southern Caroline
Wakefields ruled 856 per barrel crate,
f. 0. b. shipping points, and ranged strong
in consuming markets nt &25@700
Wiorida stock declined fully $1 in produc
h.q woctions to w range of $4.76@6.00 per
batrel erate, £. o, b, and weakened cons
#iderably in Northern markets at §6.504
7.00 per barrel erate, or $2.60@3 50 per
1 % ~bushe! hnm{mr, Callfornia ~ Winning
stadts sold fairly steady at }9o@’/100 per
ton, £. 0. b, and various California stocks
advanced sl, in consuming markets, rang
ing $6.00@p7.00 per cwt. Old Northern
1
MONEY AND EXCHANGE,
NEW YORK, April 28 --Call money
on the floor of the New York Stock Ex
change today ruled at 5 per cent; high,
5 per cent: low, b per cent,
Time money was quiet.
Rates were! Sixty days, 0% @6 per
cent; %0 days, L% @6 per cent; four
months, 5% @6 per cent; flve months,
S@b per cent; gix months, L% @6 per
cent,
f'he market for 'price mercantile pa
per was dall
Call money in London today was 4%
per cent,
Sterling exchange was steady, with
business in bankers' bills at 4.80% for
demand,
t |Prev.
|High| h"é‘:‘l; l,mon
.————'_—_———_—_-:_—_
STOCK_SL_'-—”—*LW' n y.l ZQQ
Lack. Steel . -fl-ztl 84%4| 6als f 3510
[e Y 1 e N R e
Lee “i".' e o a 4 A Ju%
Nerneil Maters” TaMa Gl US
Max.n,%,lt pref. - .| 3% gg::I jsg 26
c. (new) |2 s
Mins‘.au*"w* ("ew_) o3y lgg* 1: 41: 1
Ml PRI %
g - gL
A et 17 1 '”M }3 (6wl 4
eo s )
N Conausi ! 1. 8
Al g2-| 81 8%
Sl )ARB i i
ation Aul ol B 2005 2914 1
s Santfiflifl‘. 20 i B _,\“,)5
%Y. I’ oad .\ . s
nmona‘{; e Y .”_i,_.."
Nor. & Wostern . Ay ail iy
N o & W [ i63] 16| “_f‘.;l 9"
g‘""b‘"}' brakis | il ik ?.‘;
N. Y. Airbra it it 3 gz ‘ ‘
Bl S% e | R I
itts. yPR. 4o 11 4
-Am. ! i f
Al B i3B R 8
Pfinmylvnfl‘:“ ag 50 |BO 45
Plnroe;Arrfi" s 180 73%) 73%1 ©
Peaple's um:_ LEea Y ’SO | 61% =
B gtbe::faonl v 0 LBO s' H i“)",‘:t 30
Pitts L 20kl 80l 20
on . | 308 b
g.f;“?vbn.ondateff )ik :f%l ’sk.to'z'é
4 ‘& St . sk it
SMget | i o N
Island " ¥el 66 |64
o S g W
do. rnl.‘ s. | 88% 83 | 9414 Y
Steel %’"fl,,,0ml 4 3093
rg{yul Dl (Rew) | ceeal l ""ilg;‘fi
. 2| AB%
So. u,l e 89 69 61| 76%
So. ggl‘;r:" .-. : 8% 76?&‘ 7 éf;’;
s kW | e
S otls &5w | sil il g | 8
Sacha B, " aBB% H
Sinclair Oi ant) || 61 610 80 8%
e mee || A i o
;gr‘:: Copper Sy L ’20%\2%;‘
Taxay B u's sT Wy WRILT
Texalfll’-flé'._ sihie by
Tef::dp;f““ ot ey ieek 130 .‘.3%
Faoa Progicts sl i "..m;}z
u. bber ...i bsl 100
VST 92 aemitt Jot
i o, Brpte pialtdy )8 1169 | 341
- » 116584 1543 1;’
| S e
L. S 8F .. o 62 61 B%| 8
Ttah Copj : |
! {'::-‘}Jlr. (.’!)hem'- 0‘ 3?4& 33% el 23%
4 | . sthm L 1
\~.‘ nr-flhnA‘ £ , g | sak u“m%z
| Winva Overlana’ .| 44 ' daul envel o
\v“]yg-().vel' e * %) “M e
l \vgn!wo’llzllll'; coo | ;:,&’ 58ig | 221:7 2
l&’m:?giotnrl(‘b".' ‘ 861g| 846 o
mflfl_'_"om" T l"'ga
3%s . 98'62':{70"05,10&:2: 2
V. 8 Lib 390 - :g'ztn‘églgg-,‘,“’i,s}g
do. L e 95041960
%S 85 1808
iRt e s
do. 18t 4¥s . . W 3 3eoti 00 5
do. 2d 4 " e
do. 4th 4
stock declimed to $60@76 per ton in Phila
delphia, but dold at smo‘nzs in New
York. Shipments of old stock only one car;
new stock, 417, compared with 298 last
week and 772 for the corresponding weck
last year.
Onien Values flm"l‘hn
Prices tended upward, which ruled $5
per cwt., f. o. b. western New York ship
ping points, and advanced $1 in leading
consumiig markets, with a general )olx
bing range of “.50%0.00 per ewt. Cali
fornia Australian rowns were about
steady, | pan g 38766400 ut shipbing
points, and fd.o @6.00 in consuming mar
kots. Texas No, 2 Yellow Bermudas
runged ;us?s.u per standard¢ crate, f
0. b cash, at Texas shlwlnf points. No.
2 yellows ranged $3.756@500 in «mnnuml&‘
markets, and No. 1 ranged $400@5 60,
Shipments of old stock have been steadily
declining for many weeks. Total this week,
70 cars; a decresse of 21, while new on
ions, all from Texas increased to 210
cars, compared with 31 last week and 360
for the corresponding week last yeoar.
'l'rum Shew Mun% Tene
Good Florida stock uren¥t ened slight-
Iy in produnlng“ucuonl. closing at §3.50
@4.50 per six- ket crate, f. o. b. ship
ping points. The range in northern con
suming markets strengthened to §s4.oo@
5.60. Shipments decreased to 183 cars,
compared with Sfll;:.n week.. &
Strawherry ces lrnflnlu
~ While the range averaged siightly weuk
er in producing sections, clo-lng at §s3.so@
4.26 ?or 24-pint erate, f. o, b. Louisiana
shipping points, !M\uu in Northern mar
kets tended slightly upward, ranging $4.60
@5.00 per N-rlnt crate. Alabama stock
sold at ”.600? 00 per 2‘-?uur! crate, and
ranged 26@32c per quart in New York.
Morida Klondykes strengthened siightly,
ranging “g“n in New York. Shipments,
194 cors; an increase of 1.
| Other Fruits and Ve‘mfln.
. Best ,ndn‘ Bouth Caroling asparagus
ranged 5.00?0 00 per dozen in gonsuming
markets, with firm general tone. Califor
‘nia extra fancy ranged §55.00@6.00 per
‘dozen, Colossal and other selected stoek
reaching §0 in a few markets. Florida
celery continued barely :«lmuiy in produc
ing sections, closing nearly the same as
lust week, at “.qu 6.00 per erate, £, 0. b
shipping points. Chicago and other con
suming markets again advanced 26@60('.
ranging $6.560@7.60 per erate, Shipmeonts, 86
cars; @ decreasge of 2. California Tmperial
Valley lettuce was firm in producing sec
tions at $3.00@3.50 per erate, . 0. b,
‘and TLos Angeles stock strengthened slight.
Iy, ranging $1.40@1.50, Imperial Valley
stock in leading consuming markets was
firm, closing at .4.00?5‘00, and lLos An
geles stock at $1.60@2 60. Bhipments, 918
carg, compared with 242 last week and
166 & vear ugo. Movement of bhoxed apples
i® light, with 64 cars, but barteled apples
continued in nearly steady volume, with
174 curs, & decrease of 2. Orange shipe
ments were 1,200 coars; a decreasge of b,
and grapefrult 82 cars; a decreuse of 14
Bhipments of spinach were 212 cars, an
inerease of 1. Sweet potato shipments wete
48 cars, compared with 61 last weel, SBtring
beans inereased quite sharply, with 02
cars, compared with 26 last week. Cucuaim
bers wlgo ipcrgased considerably, with 66
cars, cmnunr.‘ with 41 last woek
METAL MARET
NEW YORK., April 23-Copper weak
spot 14%. April H!gwl.’-tfi, May, 144 @
154 ; June, 14.850@16%; July, 16.75@ 10%;
August, 10@16%; Beptember, 16 15%
Lead, nn-ud‘y: spot 4% @6. April, 4.50@
5.00; May, 80, bid; spelter, steady; spot
G6.00G6.10; April and May, 602% @6.1214;
June, 60.21-2@6.15; July, . 605@620; Au
?."'"‘ fi,otgfi,zm September, 6,104 6.30;
itteburg Bessemer fron, 2035, asked
ATILANTA COTTON SEED PRODUCTS,
U 8 Fixed
Deseriptions-— Prices.
Crude 011, basis prime . . i 17
Cotton peed nwu‘. p. ¢, comnmion $55.00
Cotton seed meal, 7 p. e Georgin
common rate point saveiisPrizes BRI
Cotton sced hulls, loose bisg fiasain JONN
Cotton seed hulls, sacked. ~ .......¢nominael
Liuters, clean mill run. .. ....c......3 4867
el
NEW YORK, April 28 -—The general
list fluctuated within a narrow range
at the opening of the stook market to
day, but after some stocks showed a
wavering tendency, a firmer tone de
veloped and some substantial gains
were recorded.
Ajax Rubber attracted attention,
moving up 5 paints to 864% United
States Rubber passed B§B9, Ameriean
Steel Foundries continued its upward
movement, advancing % to 97, and oth
er steel equipments, including Ameri
can Locomotive and Pressed Stee] Car,
were in seant supply, and made mod
erate gains on a small amount of busi
ness.
Steel common sagged off partly be
cause of the lack of confirmation of
stories of advanced prices, ranging from
1004 to 99 3-8.
The Marine igsues were in supply
again today, the commen dropping 1
point to 37%, and then rallying to 3b‘fi
The oil stocks were irregular, with
Royal Duteh of New York making a
gain of 1 point to above 88, Railway
stocks were generally fractionally
her 3
The feature of the trading after the
upenimf declines was the praonouneced
strength which developed in Steel Com
mon, that steek was in epormous de
mand and was bought by many of the
r«lrungvst hoyses on the street, which
farced its price up frdm o#9 3-4 to
101 8-4,'a new high record for the year.
’l“fls display of strength had its effeet
all arcund the roem and advanees he
came general. !
Missouri, Kansas and Texas maoved
ur qver two points to 103 1-8 and gains
of over one point were made in many of
the law-priced railroads.
Baldwin moved up 1o 92 and inud
gains were made in the other indus
trial issues. The greatest amount of
gain was recorded in Ajax Rubber,
which rose 7 points to 88, while Good
rich moved up 2% to 74. The shipping
issues were somewhat heayy.
Nearly everything traded in was un
der severe liquidation in the final deal
ing, especally in Bteel comman. Heavy
realizing 1n that isgue 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 moy
ing up 2 points to 9G%, declined to
95%. Philadelphia Company in the last
few minutes made a new high record
for the du{ of 40, an upturn of nearly
3 points ossßesß of from 1 to 8 points
from the early high were frequent in
the last hour, International I'a%n:r
closed at :’»3%}; Readin}‘ 8314 . Marine
preferred 117; Mexican Petroleum 1841%;
Bethlehem Steel B 75%, and (}enurai
Motors 179%.
The markte closed wedk Govern
ment bonds unchanged: railway and
other bonds weak,
)
l
§ ATLANTA SECURITIES. i
A A AN NP,
———— e
Bid |Askd,
Atlantic Steel Co., ml 90 95
| O, DEW:> -« cxinrrriisonst D 95
At. Ice and Coal G0rp.......000 1 8 |7O
OO B v aisitacianinns iOO ™ |
Atl. and W. P. Ru#r0u1....... 160 166
Atlanta National 8ank........|986 |206
Central Bk. and gx‘ult C0rp....|148 (152
Fourth National 8ank..,...... 3’6 320
ugusta and Sav, way.....| 92 96
xposition Cotton Mills ~.,...[186 [IBO
Fulton National 8ank....,.,..[120 (126
Empire Cotton Oil, common. ..| 60 | 63
B B it DRSO
Gate City Cotton Mi115........]226 ...
Ga. Ry. and gn.nkln. C0.......|883 [386
Ga. Ry. and Electric C0.......[102%1108
AO. SPB OBRE. . ..o .o--c.f BB 7
Gflol’:lu Ry. and Power, Ist pfd| 65 70
9 B 8 PP, . ieirseriiid B 15
G 0 COMMBOR .. orsr-cvonvny ‘g
Lowry National 8ank.........[22 2
Bouthwestern Railroad ~......] 06 | §
Third National 8ank........., 2;5 l‘
Prust Company of Ge0rgia....[8756 |2
Atl. Cons. Bt. Ry. 58......,... éoo oy
Atl.-Char. Airline 68......,,...h.10 gull
Atlanta 3%5, 1940.........,..| 4,40 in
Atlantic Ice and Coal, 68.......] 93 | 9
Atlantic Btoel bB, .t LOB | 8 |
Ga. Railroad and Bank. C0....| 80 85
e
|
NEW YORK (URB MARKET. <
The market opened firm and closed ir
regular,
Open. Close,
: e ln‘n‘t.% ¥ 1’& lz“n‘&% ;'o‘s“/‘ |
nglo-Am. : 4 ]
Barnett Oil .., 195 bid i . 05 l'll‘(‘i
Cons, Coper . . 4% @
Cosden Ofl .. . s&e 10 fl“fi 10
Curtis A'pl. . . 11 @ 18 11 &y o
Houston Oil ~96 98 950 :l
Indiana Pipe .104 glfll l“ ‘
Inter Pete. . . 31%@ 32 Nyw 31%
Lehi. Val. Coal. 80 §b 80 58
Magme . .., . : 3708 30 87 '
Marcons .1y 4 ‘%‘W 1% 4 l&w
Meritt Ol ... 32 $2% 309% )0%
Midwest 01l ..1 nvwlg? 10-16@ 16
Midwest vef. g«o @it 168 i
N. Am, Pulp % 7 % 7%
Chio Ol , . 297 400 507 400
Prairie Oil ~700 710 700 "
Bub. Boat . . 17% 15 16% 3T
fi. OO N % 298 392 88 32
B O N J. . 117 722 717 722
8 O Cal, . 378 480 276 £BO |
8. Q. Ipd., . 816 Kb 815 826
Union Tank 118 122 118 122 |
U. Motors . 46 49 16 4“H
Vie, Oil ... .by 6% % 0%
W, Martin .. 3% 34 11, 316
Cons. Arig. .. 14%@ 3-18 l%& 1 3-18
Nipissing ...... B%@ 8% 8%
. and Wyo. Oil 44 @ 46 a“ LI
Glen Rock Ol . T%@ 1% % 7%
1. DIl & Tpt. . B%@ 8% 4% 8“/2
N. W, oot ... 88 66 66 66
U B 2& :zt fi%( 5?&
Bapulpa , . « 8 %]
DIOORE .\ sasies 0w 6:2 6%
FINANCIAL NEWS, ‘
Preliminary production figures of four
copper companies for Mareh are approxi
mately: Utah §366.000 pounds; Chino, 3-
770,000; Nevada, 3,650,000, Ray, 3,792,000
. - .
\
Central Penngylvania miners planning to
wsk for higher wages. | ‘
.
Conferences between the Railroad Ad
ministration and the Industrinl Board over
#teel prices to be resumed shortly. 1
20 0
Agricultural exports of United States
during Mareh totaled $206,067,366-an ins
croase of §37.000,000 in a gu»r. ]
The nvernge price of 20 rulls, 84.61, up
0% 20 industrisls, 92,24, up .08, |
" .
Chino Copper carned $4.49 a share in
1918, compared with $10.63 in 1917,
. o »
Wall Street says: “Several things ocour
red to wtay the wild buying rush. Techni
cal conditions threatened to bedeme un
sound by headiess buying Couneil of
Four seems# to have struck a stone wall in
the Adriatic guestion and indications
point to deiay in settiement of steel
prices. "
STOCK MARKET OPINTONS,
PThomson, Mekinnon & Co.: “"For the
past month we hitve been told of good buy
ing In Marine stocks. Of course there Is
no way of getting lh: real namens."
. -
~ Harris, Winthrop & Ce.—"ln uml;m{v'hlln
‘ll;»llv circles it is stated merger of Max
well and Chalmers Companies has been
Caccomplished, A meeting of Maxwell di
rectors was held late Tuesday Lut no in
formation as to just what progress had
been made was forthcoming when the
mecting was over.”
ST LOUIS LIVE STOCK MARKET,
| BT. LOUIB, April 23.-—-Cattle: Receipta
4,000, market steady; native beef steers,
11.60@18.60; yearling steers and heifers,
D.60@16.00; cows, 1060613 60; stockers
and feeders, 10.00@13.60; calves, 7.76@
1760, Texus wsteers, 10 0018 00; prime
Bouthern steers, 7.50@16.00; beef cows and
heitery, 6.00@ 5 00
Hogs: Recoipts 165,600, market wteady:
mixed, 20 3056820.95; mood, 2090641021.00;
rough, 1500601950, lights, 20 30@20.75,
lights, 1500619 256; bulk, 20 25@20 00 ‘
Aheep: Receipts 2,200, market sieady;
ewes, 1500601450, choppors and canners,
4.50@11.00; lambs, 20000402025,
, ,; ?a
HISTORY WILL REPEAT ITSELFt
i
IN RISING VALUES OF BONDS*
|N R Y
NA A kR A A
Do youn recall when the « . ent United States Government bondi
reached 1407
| You don't have have to be so very old to recall that. And that fi%
ure of 140 meant that the man who bought it at SIOO per hundred dollar!
of face value would be able to sell it for SI4OO. And he had been drawing
4 per cent interest on it annually all the time he held it
Rißght now bankers and investment brokers are predicting that tha
present Government security issues, the Liberty Bonds, will repeat the
history of the old Government Fours.
History will repeat itself they say. The records of every great war
show that the prices of bonds that were away down in the days of the
war and for a time aftrr the actual fighting had ceased, always increased
as soon as pece ws firmly restored.
~ About a hundréd years ago the Napele-,
onic wars were ending. England had gone
through a desperate struggle with the
French imperialist. During thoese strug
gles the prices of Wnglish consols, 3 per
cent bonds, runfiod- from th m*h mark,
67%, to Nl? the low m-r‘. hat was
in the year 1814, In 1824, ten years later,
the 3 otations uu*ed from lO‘. the low,
to 8 i.. the high for the year, :
In Ia same period the French bonds
were undergoing übn\gt the same fluctu
ations. The FKrench per eent "ren%n"
:‘Ol? Qf‘r‘am'l'ah‘" tl;endm?'h”in 1814‘, to 1 4‘:
n 24, 8y N allen as low as
in t‘le deupalrfnp days o: 18?4. \
Our Civil War Bends ‘
During the Civil War in erica, 1861
::: 3:65;’ th‘e flt;‘vernment fi'-':.e(: ma.:y
nds. During these faur years the bonds
sold as low as 83, 1{?1@ low Rguro of 83
was reached in 1861, wl?nn the Unian
seemied to he breaking up forever. But that
year the Ilifhe-t figure was 956%.
From 126 on 'hrou:q‘ the tur the bond
values stéadily roese. hey ad a rflw
tically steady rise on through the u un
til the ruln of 1873, when they stood lt
fi:l'a high, with the low for that year a
In 1864 the American Govermment ig
sued the l-QP'vfiar bonds, and in ten "atga
these rose from 108% to 1163,
Interesting Mvatisties
The following '.Bplen. prepared by t%o
Guaranty 'P'runt ompany of New Yor
from the lrmn‘!hfl records of this and
other countries, '“L give the n‘us:' on
which the opinion that Liberty bonds wili
rise in yalue, is based;
English Consols wl' the Napaleenic
ars,
Ye High Low.
EBIE - sinisrii it rietbeniid ‘.‘%
SRR A~ v iarans 01%
18 Taetrscsesrprarsaneny 3
18 8599 09 8080 ARRUTINE 6
IRER Vivoisnncenensanasnss BB 7
} 3..‘._,..........,..... 3 :g
BLpeanay r S euS RN NE RSNt
SRRL s inve s v banseabrah ia 68
SR Sy iiiniansketnrense B 8 76
IEBB . s esiinnagnvintsainins DR 0
T Re u% ~ BN
. vy
Vrench Rentes in IW w
Wegy t l'. N 'l'
BBES Ll cininnatvabvy it I 45
IR vacvnnenisdaiais BB 52.3
ABER . Lisucnevdesannainivie SR 54.3
SRS isnssavevevaerrgiirve B 9 56.5
TUBE cunnysrveinansyopadons ’g 60
Ixx 16 g.u
11l ;‘l{l‘ ;
CREF TS Rr e sNURAgoNbgh .6 78,
iaa e e B i
i"! 8815 5.8
B pesevhaniiakiis cis s BNE 43 ‘
e ‘
ench Rentes in Franco-Prussian War,
Bar High. Low.
s¥peeancasaceyrtunens BB 532
Bhessus ehbavbyd Sy anin . PEAD 60.35
shuvieschsnnaresnnnes DL 36 82
; ißemsnnvdansngspnstgss BOY 23..
§ s s iiupneisipehenpan SOR 7.
IB;S cssvrmseensragrgrengs 06.95 lz.l
31 sasssvesnsssnpegenscs 11.16 61.35
BB cciaissviraysgerire BD 6.8
B riiasivicias sty DR 8.1
¥R A
United States Bonds o Civil War,
Yeur - ‘ki{h fliw.
1861 tpesgpscssnapmege e !% 5
llgl .A...........‘.......10&& “lt
181 Sasresatgntserntensitl g
1888 i oomavaninvesniosvstif 10
lg_fi geissinisnrannmessis 1000 106
1008 v ivianerveniiapsnner 238 #O3
1867 svkassmnasrrvasevens BiOOE 0
1868 .118',2 lgl
lgll: H:‘, }‘s“
{izl lllE llg‘
1873 AANEradendivssnnsan v ill 114
N 8 sdiviiriiracesrhie-SRR 111
gy
Year High. w,
Ten and Forty United 5 n—% ‘
}:6: :Ol 0.%
B i esisa ki Pr ey A ‘
1866 sewbananrasbvibeesse T go
SBBE i ivieniiitvntsicste il .7:2
1868 lOS” 1004
BORE L iivicsiviiesisve R 1056
SOER i hiisiiiiiiar iy i iES 104%
1871 sevenapdisavinensss B 8 107
SR it Rl 106%
. “.\k’ 103
The l’igurei tell the tale hat finan
cial pistory hes done in all the great
modern wars, and !ollnwlnf these wars,
it is mighty likely to do in the future
Bankers' prophesies are not just so many
foo‘ guesses, so much empty talk. \
Orders HIIJ l’nms.. ftiy 1 ::AOIN s
When they TAnlie Bre lt!fwu based upon
the figures just quoted, anit olthers drawn
from !iuncml history, tuey are dealing
with knewn quuntiti.s The “istory of
hond riscs during esch of the wars men
tioned, apnd af.yr tnesse ware, has been
w;{ sunilar. j
ere, too, is another fact that must be
taken into consideration in prephesying
the future values of the varieus Liberty
Bond issues. Our loans made in European
countries will be puylnf us an annual in
eome (n interest, ainoun !uf to $440,000,000.
Just now call money 18 ranging nay
where from b to 6% and 6 per cent. Astor
the Victory Loan, the last of the Liberty
Loans, is sold and distributed, after it has
been paid for in fuil by the investor,
there will be a return to the old interest
charges on money. Monsy 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 he shopping for the right kind
of investments. They will be looking for
wnw(hmfi to buy,
When that time arrives the iLberty Bond
issue will increase in value for there will
be nothing better in the world, from the
standpoint of a permuanent investment. In
fact it is very doubtful If there will be
:n’xlxylhmx that will come nigh to equaling
em.
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 wiil want
to hold firmly te it in order to have the
steady, high rate of interest and that
absolue safety on his investments,
Last Chance to Lond Up,
The man who loads up with Victory
Bonds is wise, In the best financial sense
of the word, It is the lust chance to load
up, the last opportunity te buy a high
interest war loan bond,
There are a great many evidences even
now that the nation is beginning its finan
cial recovery. Abnormal war conditions
are vanighing day by day. It has been
noted from month to month that there
I an inerease in bank balances at finan
clal ecenters, & tendency toward lower
rates of money, a lessening of the amount
of paper held by PFederal Reserve and
member banks, an Inflow of gold coin and
gold certificates into the banks, indicat
ng a grealer confidence in the financial
situation and a decline in the amount of
Federal Resorve notes outstanding. All
these are favorable signs whose signifi
ennce should not be overlooked
There (s still another advantages that the
'nited States has now, at the eclose of
the confiict We have a very small per
capitn debt, smoaller than that of any oth
or first-class power execept Japan. The
ontire indebtedness of the United HStates
wumounts to slightly wore than 7 per cent
of its estinated wealbh and is only $l7O
per capita,
Compuruble With Other Countries,
On the other hand consider the cnge of
Great Britain which has accumulated a
debt of 44,83 per cont of her national
"wealth, amounting to S3BO for every mun
wornan and child in her population. France
owes 41.26 per cent of her estimated
wealth, or $296.80 per head, Austria owes
§4.66 per cent of all her wealth and
$242.90 per head.
Germany, exclusive of her Ninth War
Loan, on which wsccurate returns were
BANK CLOSING NOTICE.
Saturday, April 26, "Memoriai Day,”
is a legal holiday. The banks com- |
posing the Atlanta Clearing llnum‘.‘
Assoclution will be closed for busi
ness on that day.
DARWIN G, JONES
Manager and Secretary.
W. J. BLALOCK, FPresident.
~Advertisemoent
{ l
) .
. Victory Loan |
)’ .
| hankers and investment houses
are focusing their attention on |
the launching of the Victory Loan,
with the sole purpose in mind of E
é obtaining subscriptions to the full
amount of the quota of the Fed
eral Reserve District of Atlanta,
The machinery and working forces i
E.” well equipped for a l"'fl'i
) start, ]
{ During the flotation of the Gov- |
enrment offering little attention |
will be given over to industrial and S
corporation bonds, the time and !
efforts of hond houses being de- i
voted exclusively to the Vlctu'yP
Loan. b
i
Financial Sunshine |
mancial dunshime |
Sales of Victory Liberty Lonni
! notes in New York Tuesday ag- }
{ gregated $23,630,000, bringing the |
§nnnd total to 96,200,560, |
Bevhanecnmiitmasaii i T
never made, owes 38.7 per cent of all she
!s worth and has a debt of $305.90 per
eapita Of course these figures for Geor
many and Austria do not take inte con
sideration whatever indemunities in thy
way of reparation are laild uppon these
countries.
All this places the United States ip 4
strong position and nau,rauy adds vm
to the Liberty Bonds, Victory notes,
ather securities of the Government.
The l{‘nitml SHtates is right noI: the great:
est banking power in the wer 4
the 'rwm-:t banking strength any ::aox;
has eéver known. It has such a reserve o
mune{ A 8 no ather poogle ever accumulat
ed. Its power increased semething like 66
per gont during the war, as compared with
a 16 per cent increase in the four year:
preceding the year of 1914,
This makes the Liberty Loan of the Fifth
or Vietory issue one of the strongest prop
ositions that has ever been put before 4
nation with maeney to invest. The concers
back of that lean, the United States Goyv.
ernment, was neyer stronger fi anciiliy
than it is today and that strenfl‘n is thae
cambined ‘srength of the wealth of all it
peaple.
g
NEW YORK PRODUCE MARKET.
NEW YORK, Arril 23.—Petroleum firn
crude Pennsylvanla, ",OOA
Turpentine steady, TB@ 78 %.
Rosin easy, cominen, 12.60.
Wool unchanged
Hides dull. Native steers, 27% @28% |
branded steers, 261, @26%.
Coffee firm; options opened 8 to 1!
points higher; Rio No. 7 on spot 17%.
Rice quiet; domestic, 83 @lO%,
Molasses dull; New Orleans open ketila
71»9)!:; black strap, 18@17.
otatoes firm; nearby white, uozum
Bermudas, 8.00@14.00; Southern eeLs
J.00@11.00
Beuns steady; marrow cholee, 11.76; pes
choice, 7.50@7.76; red kidney choice, 12.25
Diried fruits firm; apricets, cheice 14
fancy, 23@28: apples, evaporated, srhhv
to faney, 17% @18%; prunes, 30s to 60s, 18
@20% ; prunes, 60s to 1008, 0% @l%:
peaches, chowe ta faney, lfl%?zl; seedod
raising, ehoice to fancy, 10, @lB.
b &
ATLANTA PROVISION MARKET. 5
(Corrected by the White Provision Co.)
(United States Food Administration Ligs
enge No. G.-81871.) L%
Cornfield hams, 10-12 average....... 341§
Cornfield hams, 12-14 average....... 34 |
Cornfield skinned Imml6 u-’0....... .!z i
Cornfield picniec hams, 8-8....,....., 86 0
Cornfield breakfast bac0n........... 47 ’;!
Cornficld sliced bacon, 1-Ib. boxes, 12
20 WS . iiviiiii i leiari il g:»j
Grocers’ bacon, wide or narrow. ...,, P
Cornfleld pork sausage, fresh lipk or o
R scicinnspiianiiviireriiaic il g:
Cornfield wieners in 10-ib. clrlfiu... 285
Cornfield wieners in 12-ih. jts In s
PUEEME oo shtieeDersrsrsssiatenta i
Corafiold bologna saussge in 26-1 h
DOXOB 'ssvovevs sssnknsviokyiniani
Cornfield smoked link sausage, in 26-
Ib. DOXES ..\ ..ioiviiiiinie iinuis s DO
Grandmother's pure leaf lard, tierce i
DRBIG soororcsviierenriviniryunsins SEEE
Country style dpure lavd, tierce basis. 32
Compound lard, tierce bu5i5,........ 244
D. 8 oxtra ribs. ... ... .i.ieininavens: SR
D. 8§ bellies, medium average,,.,,,.. 850
D. 8. bellies, light average.....e..eo. 8 4
THE WEATHER j 48
WASHINGTON, April 23—Generally
weather will prevail threughout the So
tonight and Thursduy, with not m ;
change in temperature, B
Yoreeast by States T
Georgia, Alabama, Mississippi and Filaors
ida: Fair tonight rnd Thursday. G 3
North Carolina: Fair tonight and 'l'gun»f;
day; warmer tonight in centml.goruu i
zuuth Carolinn: Generally fair u.lflg(é
and Thursday. )
Tenncssee: Pair !onl{ht and Thw&,
slightly warmer tonight in northeast po -
tion; cooler Thursday in northwest POy
tion. %
i
——————————————————————
SPECIAL NOTICE. f
NOTICE TO PAVING CONTRACTORS,
Bids will be received until 11 o'clock a.
m,, April 26, b‘ly the undersigned for Vo
ing gutters and other incidental 'Ol'rofl 1
Fast Pace's Wérry road from Peachtrow
road to Pledmont avenue. For further in.
formation apply to *
. M. HOLLAND, .
Purchasing Agent, Fuiton Conn.g(,
Ady 607 Court House, City v
'(pfl‘- 3
L " -
'\'" E _I [ X
&wyoß
OT"R Carrespondent Offices
mn 47 Cities are working
W (seilitate the swovess of the
Vicrorr Linwwry Loax.
, &mmv
Corvesp ondens Ofices w g Cithes
Atlanta--40 Edgewood Ave |
Telephone—7s4l Tvy |