Newspaper Page Text
Shipping Board Places Surcharge of 25 Cents Per 100 Pounds on Cotton From Atlantic and Gulf Ports to A'Engldncli |
By VICTOR BARRON.
At
la.nt;‘bonk clearings Wednesday ... ... ... ....$8,469,209.26
Same day last year... ... ................... T 4857980.79
B e s e M ...$ 983,508.47
S O WO, .. e L 7,209,142.77
IR BRY, o s 00l oih deni i sean es A
- - -
Atlanta Spot cotton Wednesday..... ... ... ... .. .. 28.40¢
NI WO .. .. Dke A e
BIT, . o vt i e i T
e e RS e i T e el
- - *
Atlanta cotton statement Wednesday:
; 1919, Last Week. 19018. 1917.
Receipts .......... 1495 416 193 666
Shipments ......... 036 761 816 1,167
Pty ... ......... 2100 26,182 44,601 75,869
DS L a 0 2,400
* o -
. (By International News Service.)
g 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, establishing a surcharge of 25 cents per 100 pounds on
cotton from Atlantic and Gulf ports for London and Liverpool. This
aC‘tl?n Wwas taken in view of the serious delays at those two ports in
discaarging 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 reactibnary tendency during the early trading
\\_vdnesday, with business more or less light and confined to professionals.
Liverpool failed to meet the full ‘advance due. This, together with favor
bosmmsommeva Able weather and fear that final peace settlement might
Y. ol be delayed, encouraged further realizing and pressure
ity - Al from the bears' rank for a reaction. First prices on the
3'-’ 88 New York exchange were 17 to 34 points down on new
g i contracts and 10.-to 28 points lower on old style. Liver-
G pool turned a seller after the call, which was followed
[ v, by offerings from Southern interests and commission
:" & ag bhouses. Offerings were not as rapidly absorbed as on
b o 8 Tuesday, the old bull crowd apparently desiring to
o o & await a further reaction before enlarging their lines, or
Bt " replacing soldout lines. Nevertheless, the market holds
L R remarkably strong in view of the recent advance of
f"é‘:‘w # nearly 5 cents a pound—October rising from 20 cents
i @BB to 24.85 during the interval of from March 31 to Mon-
R R il @ day, last, without noticeable interruption.
SR R Under this pressure new contracts receded 40 to
50 points before the noon hour, with May dipping to
SR [ 27.02, July 25.70, October 24.10 and December 23.65.
b Fsh @M Futures at New Orleans reacted 20 to 47 points, with
semmrameese (1151aNL 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 cheering 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 (‘eni.
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 before the close scattered realizing checked the upward movement,
old contracts closing 25 to 34 points net higher and new options finishing
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 cer
tain sections, but slow germination as the result of unseasonably low
temperatures. The report stated that moderate rains on the 15th proved
favorable in Georgia, but subsequent low temperatures caused slow ger
mination and growth, and that planting continues active, with good stands
secured in the South, where chopping has begun.
et ee 4 [PO Ilowing 18 the weekly weather
CHICAGO, April 23 —May and Sep
tember corn continued to advance at
the opening of the market today, and
new highs marks for the season were
again recorded. Opening prices for all
deliveries 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% cents. July reached
1.61 3-8, and September 1.58, or 21
10 4 cents up, respectively,
Oats started with a secarcity of of
(ferings and fairly active commission
house. buying. First prices were at
gains of 3-8 to lc. 'Trade was only
moderately active, being restricted by
lack of selling. + Before noon the list
stood 7-8 to 1 3-8 ¢ents higher.
First prices in provisions were sharply
higher with scattercd buying inspired
by strength in grains and the advance
in hog prices.
Corn made new high records during the
finai hour, with May rising to 1.68% ; July
1.62%, and September 1.5914, the latter
showing a net gain of 5% cents. The close
was 3% to Bl cénts up.
Oats closed % to 1% cents higher.
Provisions closed higher,
Grain quotations:
Prev,
Open High. Low Close. Close,
CORN
May 1.65% 1.68% 1.65% 1.68 1.647%
July 1.6814 1.62% 1.58% 1.62% 1.68%
Sept. 1.56 1.69% 1.66 1.59% 1.64
OATS-
May A 72 1% 1% 71
July 703% Tl% 70% 1% TO%
"Sept. 67% 69 67% 69 67%
PONK—
May 53.26 63.33 53.16 53.16 52.60
WJuly 50.10 50.35 50.10 50.35 19.90
LARD— /
May 20.90 11.00 20.80 10.87 30.66
July 29.90 30.00 29.856 29.87 280.70
118
May 28.65 28.77 28.65 28.70 28.50
July 27.60 27.50 27.40 8742 27.30
B iasrssisbiinonsmmepriosriss it
So Thin?
It is not becoming—nor
safe for your health. Add
flesh to your bones and roses to your
heeks by drinking a glass of this
lelicious digestant with each meal.
Shivar Ale
PURE DIGESTIVE AROMATICS WITH
SHIVARGMINERAL WATER AND GINGER
‘Phone your grocer or vdruggisl for
a dozen bottles. Satisfaction guar
anteed or your money refunded on
lirst dozen used.
Bottled and guaranteed by the cele
brated Shivar Mineral Spring, Shel
on. S. C. If vour regular dealer
cannot supply you telephone
McCORD STEWART €O,
Distributeors for Atlaota, i
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 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.
~ GEORGlA—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
}minld]p sections, but growth is very
poor on account of unseasonably low
| temperatures.
- MISSISSIPPI-—General rains oc
curred on the 15th and 16th. Frost
in the northern districts 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.
i 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 southeast on
account of rather wet soil. The germ
ination of ecotton was retarded by
cold nights, but warmer weather hte
last few days was favorable.
NORTH CAROLINA-—Cotton made
satisfactory progress. Planting con
tinves 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 vegeta
tion upstate on the 18th and 19th.
Recent rains were very beneficial to
‘winter wheat, Germinition 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 begp worked. But
these crops made pyr progress on
account of the unseas ynably low tem
peratures, but the nnxvruto rains in
the narthern and cediral portions
were beneficial,
LOUISIANA--The planting of cot
ton continues, but wus considerably
retarded by heavy rains on the 15th,
except in the south central portion,
where the rains were light,
CHICAGO LIVE STOC KMARKET
By U, 8. Bureau of Markets
CHICAGO, April 23-—Hogs—Estimated
receipts, 17,000, Market, strong, 10c high
er., Bulk, 20.80@21.00; to&:. 21.10; butche
er hogs~-Heavy, 20.05% 1.10. Puckln!
hogs: Heavy, 20.70@21.06; medium an
niixed, 19.00@20.50; light, 20.26@21.00;
pigs, IT.OOI@H}.’M; roughs, 13.55@19.75.
Cattle—Estimated receipts, 8,500, Mare
ket, slow, Beef cattle: Good cholce, 17.90
@ 20,40; medium and common, “.00.
1800, Butcher stock: Heifers, 8,356@16.75;
cows, 5.00@15.50; canners and eutters, 0.4‘
@ 10.50; stockers and feeders, good cholee,
10.50616.00; (',Olflxfl“ and medium, 8,759
|‘ig3 veal ealvel, good cholee, 12.00
: R[heep—Estimated receipts, 15,000, Mar-
Ket, slow, Shorn lambs, choice and prime,
17.76@19.50: medium and good, 17.50
19.00; spring lahba, good ehoice, u.boz
21.00;, ewes, cholce, prime, 11.76@16.50;
medium and good, 6.00€11.75,
N Y|
NEW YORK, April 23.—-Poor cables
from the Enxlhh market, a favorable
weather mafi and prospects for a rather
bearish weekly weather r%rmrt were re
sponsible for a decline of to 34 points
at the opening of the cotton market
today, Later frlceu were steady on
trale buying, with general business less
active, but again weakened on in
craesed offerings, new contracts show
ing a net deellnsl of 22 to 44 points at
the end of the first thirty minutes of
trading.
The wekelv weather report was neith
er hearish nor bullish and had little ef
fect on the market. However, realiz
ing sales continued in evidence through
out the forenoon, causing 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 Monday.
The market scored 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 Paris, bullish
goods news and strength of spot cot
ton, caused the rise, which lifted all
options to new highs for the movement,
or almost $6 a bale from the forenoon
low levels. May soared to 27.87, while
zlr]u‘b Jumped to 26.50 and October to
At the close the market was steady,
with old contracts 25 to 34 points high
er and new options 15 to 34 poi‘nta
hlgher.
pot cotton was quoted 25 points
higher at 28.75.
NEW YORK COTTON.
Old _Centracts. i
£ Open. High. Low (L.=aic Cloms Prv,Close
May [26.00126.50(25.90/26.48126.35 }26.10
Jly 126.56126.00 25.13‘26.00‘25.98-26 25.65
Oct 123,45)24.00i23.45 24.00{24.07 123.73
Dee G il eri i aOOOT -LS
Josy Jooohiin i do ASOT 1380
£l New Contracts.
—___lopen. [High | Low. [L.Sale| Close. [Prv.Close.
May |27.35/27.87]127.02]27.75/27.75 lZ?..’w'.‘—fiQ
July |25.90/26.50/25.62126.39126.38-40!26.10-13
Oct [24.26/24.96/24.05/24.88(24.87-88/24.53-55
Dec 123 4473‘.’4..’:01‘.’3.‘56 24.40124.40-45(24.06-07
Jan ]23.45124.00123.30/24.00/24.10-15/23.78-81
Mch (282623 85/23.10/23.85(23.75-80(23.60
Closed steady.
NEW ORLEANS CUTTON.
Old _ Contracts. .
(Open . 'High.| Low. |L.Sale; Close. |Prv.Close
May [26.50]26.50/26.50126.50/26.55 ]26.50-60
Jly [25.40 2;40‘}2.’.10125.40525,:;9 126.10
CEt 1o o) e e ise aot 19533
Pge {....0....F....1....E88.38 {35.03
New Contracts.
[Open. [High.| Low. |L.Salel Close. |Pry.Close. |
May [26.50/27.07]26.20/27.00127.00 [26.45-50
Jly 125.20125.93(25.03/25,82/25.79-82(25.49-43
Oet [23.50/24.23]23.30124.07/24.05-09]23.74-76
Dec [2316(23.94/23.00{23.80(23.80 123.47
Jan 122.84/23.33123.84/23.33]23.45 |23.18-20
Meh ... 1. | 4....193.60 [22.97
Cloged steady. gy I
LIVERPOOL COTTON.,
LIVERPOOL, April 23—Cotton I’n!ur--s|
opened quiet. Spot cotton was in fair de
mand today. Prices, firm; sales 7,000
bales. American mm(gm; fair, 19.78;
good middling, 18.35; mifdling, 17.44; low
middling, 15.99; good ordinary, -4.34; ordi-
Futures open=d steady. .
Prev.
Open. 2 p.m, Close. Close,
AR ... 1820 1334 1300 180
MY o 0 oeo 3o 0 0028 88.65 1840 16.54
JUNE .. v, .. L3OOB SRB 1800 1893
JUIY .. bl oces 0610 56,00 1588 1599
August .. .. ~ 15.06 18.81 15.64 15.7¢
September .. .. 15.59 15.41 15.29 15.39
Closed steady.
SPOT COTTON.
Atlanta Commercial Exchange uotes
basis good middling, 28.40; sales T\?e-d»y
1,500 bales.
New Orleans, middling, 27%: sales
797; arrived 675.
Liverpool, good, middling, 18.35 d.
- ew York, middling, 28.75.
| Savannah, middling, 29.
Augusta, middling, 27%; sales 584.
Boston, steady, 28.65.
Philadelphia, middling, 28.90.
Charleston, middling, 26%.
Wilmington, middling, 26%.
Norfolk, middling, 263 ; sales 26.
Memphis, middling, 26%. .
St. Louis, middling, 26%. ¢
Dallas, middling, 27.40.
Mobile, middling, 26%. ‘
Galveston, middling, 28
Houston, middling, 27.60
Little Rock, middling, 26%
Montgomery, middling, 26.63.
COTTON BIDS TO LIVERPOOL.
New York 11:00 a. m, bids to Liverpool
wore:
New | Old
BORRY. 00 hve ve ey kv ve Wi oSBT ROIRG. D 0
PUIY . v v e s W e iee we i R RETEN 00
Qctober .. .. .. <. oo o 0 .. ..124.32,....
' New Orleans 10 a. m. bids to Liverpool
were: 4
| New | Old
Bihe b ke oSN ....26.40’28‘36
EREE s o 6 v ok as ke 2k we s B ENTNEN
oe PO S P PR [ T
COTTON PORT RECEIUTS.
The following table shows receipts at the
rorts today compared with the same day
ast year:
1919.] 1818,
New Orleans ..z 4,084| 2,904
GAlVeston ......eee000v045:4111,340 417
OB . i iisicenrinannanse s
Savannah ( 1,794] 1,983
Charleston 47&‘ 406
Wilmington SR e s AR B &8 214
Norfolk i ievashssvens il TadBEL 117
New York .....cecovvacenss ' 200
Boston .....cccoocoooooßoooo 76 258
PRTAONIILE - Ȣxixsdeisnssinlisnaiil . 98
“Total virediils ians tei s BTN LY
e INTERIOR MOVEMENT.
\ | 19191 1918,
ORI iy iy e A e e ek 5..’!19! 2,004
BONEER i« cs wv ke we wi? RADD 127
TR T R e B 3,319] 6,423
Bt LIS i ee vs 4 se ows) LEES9] 0,810
Cineinnati . Rk N e eabean v 368
Lditle Rook ‘.. .. .. .. ...l 3461 SOB
L T
\
SEMI-WEEKLY COTTON MOVEMENT,
[ 1919, | 1918. | 1817.
Receipts ....... 40,873 36,030] 28 269
Shipments .... 43.137} 44,796) 39,062
Stocks ........11,071,864] 851,000 721 408
p oot ETEARARA L AR LA R it PROY
ol st |
COTTON NOTES. - |
Press advices from Paris say a special
meeting of the SBupreme Economie Council
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 this oc
cur, it will naturally be bullish,
- . -
Dry Goods prices are running away in
a bullish direction. Last report gays:
“Sheetings advanced from 1% to 14 cents
per yard.”
- * -
Liverpool futures opened 12 points high
er, against 22 to 25 higher due, Bpot
sales 7,000 bales.
- * -
Favorable weather map shows cloudy
in Texas; fair over rest of the belt; warm
er, no raim,
CHICAGO CASH GRAIN,
CHICAGO, April 23.--Corn—No, 3
mixed, 1.65%@1.66%; No. 4 mixed,
1.63%&1.64&‘%; No. 2 white, 1.68%;: No.
9 white, 1,66} No. 4 white, 1.66; No, 2
yellow, 1.70; No. 3 vellow, 1.66; No,
yvellow, 1.64@1.65. &
Oats—No. 2 mixed, 70, No. ‘2 white,
1) No. 3 white, ‘TIN@72k; No i
white, 70%: standard, 72%@73%
CHICAGO CAR LOTS.
CHICAGO, April 23 -—<Folowing are re
ceipts today:
SEBRE . s i Dhia Wi ed e e 3
COPD i. oo oo 25 50 200 o 5 80 o 6 o 191
Ho&l b 64 se v e ub me we os weiT,ooo
VR sn S he. ab Bs 5 BN o 6 Wi 85 kil
MARKETS AND FINANCIAL
AMERICA’S EXPORTS IN MARCH
WASHINGTON, April 23.—Americac’s exports for the month of
March were valued a' $604,912288, as compared with $5522,900,238
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 i» raw materials
for marufacturing purposes, which jumped from $66,093,630 in March,
1918, to $101,197,253 in 1919.
New York Stock Quotations
Market closed weak. S e o
Total stock sales 1,682,800 s hares.
Total bond sales $12,185,000.
-———T__T’—lmt |Prev.
|Highl|Low!Sale [(lose
Allis-Chalmers . .| 38|
ld $ 384 38 38 22%
I o g reah v
Amn. Zine . . ... 14%] 144 uhl 135
Ama, Agri . ... 111 110 1119 [lll%
Amn, B. Sugar || 774 16%4] 6% 76
Amn. Can , . ~...| b3%| B2| 623 62%
Amn. Car Fdry. ..| 96%] 96 uoa 94
Amn. Cot. Oil . .| 68 57%| 57 57
Amp, Joco. ..,.. +f 13 ’NI/.‘l 7 132
Q 0 Profg. .oo s) snssl Busa) es o
Amn. Smelting . .| 73%| 718 ¢k 7 Y 4
T RO ....1....‘ ceello4%
Amn. Steel Pdrs. . .| 97 Ya oy Yom, .
Amn. Sugar Rel. . . 130%'120 j 130% (128
Amn., T. and T. . .|1043%(103 (103 ;103&
Amn. Woolen . .| 0!2 65% 69& 68
Ami, Linsed |54 } 84%| 84%) B 4
- B i %Al ixe ) syl sk
At, G, and W. L. . . l!'! l.!i 135 l?&%
Amn, H. and L. . ) 27%| 26% 27%]| 286
do pref, . .....[llO% 109 wn.‘wu‘
:mn. }rml.’ Corp. . ‘ 879 | 86| 86% "l':%
B 0 OB iive s i msrshoateil ik
Amn, Sum. Teb, . . 109 107% lfiflt 109
Amn. Ige . ..... .| bO%| 49 49 49%
Assoc, Dry Goods .. ) 43% |42 42 43%
AN W, PRBAE ' i il Wival sil 99
Alloy Steei ...., .| 46%/ 46 46 46%
AR Gold '« . W] ssval wies) wcil B
Ananconda . ...., .| 83 613 623 61%
Atchison . . ~...| 93%| 92%| 92%| 92%
B Dot oo N iwend wine il Syt B 0
At. Qoant Line’ . ] ;i) o.iof sias] 37
Baldwin Loeco. ~ .| 923%) 90% 91%| 92
Bal, and Ohlo . .| 470 46%| 47%| 46%
Booth Fisheries . .| 241g| 22%| 22%( 22%
Beoth. Btasl prat. il iivsl serik avisidUE
Beth. Steel B . .} 77%| 76%| 76%| 76
Broak, R T. ..i'q & 21 21 21
Butte Superior . .; 22%| 22 22%%| 21
Cal. Petroleum . .| 203%) 29 29 23%
LN Ppeitic . .. yas 16022 160% 160 %160
Ches. (“lm?‘l Oalo §iv :: g? gg g:%
G -ong N W, . v
Col. . pnd 1. .. ... 44& 43%]| 44% | 43%
C,M and Bt. P. ..{ 88 37%| 37% 37
do pref. . .....| 68%]| 67% 67| 67%
Chino Copper . .| 373 363;| 36%| 36%
Consol, Gas . .....] 94% 94& 9434, ) 93%
Corn Products . .) 63%| 62 621% 331,.
Crucible Steel . .| 69%| 63%%] 68% | 69
Cuban A. Sugar . . j'"“...} ..., .‘..\180
Cuban C. Sugar . .| 20%]| 28%]| 28%| 284
QOB il 27k ik erivd save] I
Cant Irol PIDe . F . ooof sl sovd B 8
Central Leather ..| 81% 80& 81 81&
Chile Copper ~.. .| 24%]| 23 247%| 23
Chandler Motor . o} i) «ore] «oosjolß
Columbia Gas . lS T R
Corre+de-Pasco . &1 cvsel sove} sossf 83
Cont. Can ... ...| 81%| 81%| 81%} 78
Del. and Hud. . f veus] ws oVt crer) 48
Dist. Securities . . 16% “ iy “* ;I:%
AN N s e
do pref. Ist ..| 28 28 28 27%
General Electric . .|1613%(160%|160%{161%
General Motors . 1180 [|l7B ‘/.‘150 179%
Goodrich Rubber . .| 74 | 72%]| 73 1%
Gt. Nor. pref. . .| 92%| 913%{ 92% 91‘?
Gt. Nor. Ore . .....| 456%| 44 u%‘ 4414
Gt Wemeri o o o) cosel coesl snesl T 8
0 PPI L ks ‘ sk bE K R
Gast. Wig. &W..fߢ '] 317 a 7 ;
Giew. Oy, stores . .| 59% 1 69! 69%5| ..
TN G ]' 98%
INapty. Copper . iy} l?% 50| 49%
Interboro M ) 3%| .Hfi‘ 3%} lik
S 8 DOBE. v v ] sensk diEad spad 2
Ind. Ailcehol .... .‘1531{-47*\150 1493
Int. Nickel . .....) 28] 27%] ?‘“5 2834
Kelly-Spg. . .....]126% (1243185~ Illfil_‘,
0L PRDOY . ciier s} fisel cavsk Siral DR
Kan. City Sou. . .| 23%]| 23 23 22%
B 0 PR eil e soh Til
Kan., and Texas .| 10%[| 9%| 9% 8k
do pref. . ~ .\ 18%| 17%| 17%/| 1§
Kennecott . . ..J..| 33%| 323¢| 32%| 324
Weekly 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
b‘ the U. 8. Bureau of Markets:
rices Tend Higher, Shipments Moderate
Markets have tended generally upward
throughout AX!"L The past week most
lines advanced in price and there were
very few important declines. Potatoes,
cabbage and onions made distinet gains.
Values of dry beans, celery, strawberries
and lettuce were fully maintained, with
strong tone. Shipments of 26 leading fruits
and vegetables were 6,623 cars, compared
with 7,246 last week and 6,900 a year ago.
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 produce.
U?“'ll'd Trend in Potatoes,
Following last week's recessions the
markets again became strong, with sharp
advances, especially in the Bast. New York
‘rouml whites, in bulk, closed at top of
$2.50@2.62 per cewt, f. o. b. shipping
points; a gain of 50660«:. and relatively
higher than principal consuming markets
for this stock, which closed at 12.3502.60.
'Sacked Maine Green Mountains made
‘equally sharp ;uinl. reaching 82.6!?2.78,
‘f. o. b. in producing sections, and closing
$2.65@2.96 in New York and Boston No. 1
‘northern sacked white stock rose 30e¢ in
Chicago carlot market, closing at $2.16@
2,26 per cwt, Colorado No. 1 sacked white
stock gained 10@26c, closing ‘at $1.70@
1.85, f. 0. b, Greeley, but declined sligmlg
in Texas carlot markets, at $2.30@2.50.
Trackside sales by growers in Northern and
Western producing sections advanced gen.
erally, ranging from $1.30 in Idaho, to
;%l.lb in Michigan, Northwestern sacked
Burbanks ranged $1.76@ 1.85, f. o. 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 2,265 cars, com
pared with 3,281 last week and 2,656 for
the corresponding week last year. Shipe
ment of new apomumn were 186 cars, com-~
pared with 73 last weex and 484 for the
corresponding week a year ago. New Flor
ida Spaulding Rose averaged about $1 de
cline, ranging 31100&1)\3.00 per barrel in
Northern and Middle Western markets, and
mostly $8 f. o. b, In producing sections,
Texas Bliss Triumphs sold about steady
in Kansas City and St. Louls, at $4.60@
$6.00 per bushel hamper, and at $4 in
New Orleans,
Cabbage Slightly Stronger
Prices tended to advance 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@6.50 per cwt Southern Caroline
Wakefields ruled $6 per barrel crate,
f. 0. b. shipping peints, and ranged strong
in consuming markets at &.25@7 00,
Plorida stock deelined fully $1 in produe
ing sections to a range of $4.76@56.00 per
barrel crate, f. o. b, and weakened con
giderably in Northern markets at $6.60@
7.00 per barrel ecrate, or az.ao@v::',w per
I%+«bushel hamper. California inning
stadts sold fairly steady at sßo@loo per
ton, f. o, b, and various California stocks
advanced sl, in consuming markets, rang
ing $6.00Q7.00 per cwt. Old Northern
——————————————————
MONEY AND EXCHANGE.
NEW YORK, April 23.--Call money
on the floor of the New York Stock Ex
change today ruled at b per cent; high,
b per cent: low, i per cent,
Time money was guiet.
Rates were: Sixty days, 6% @6 per
cent; YW days, 5% @6 per ecent; four
months, 6% @6 per cent; five months,
nwg-e per cent; six months, 5% @6 per
cent.
The market for price mercantile pa
per was dull,
Call money in London today was 314
per sent,
Sterling exchange was steady, with
business in bankers' bills at 1.65% for
demand,
V.
(AN, Srw |Do ST
A 2 o 73| Ti%| 71| TO%
Lack. Steel - r?‘i“ u'n! al g
Lehigh Vailey . ‘I revof 00l 38
o SRR ikl 4] il oy
%i M ‘1”‘0 Rl%
R A B
do_zd. w) .| 26 | 261 35
vt pret T ) sy ei] B 8
™ bk Big 183 (1841
Mex, Petroleun . . ‘3721 3“113‘;% 1T
Marine . g 0118 117 '24 23
! B 0 REAt e < 4% 24 | 46| 465
Miami S AT “%l 209 |l9
National Comauti | 3138 3018 61 |6O
National Con "’l . “*| 61 48| 3814
National Enamel , 3848 | 38% 5| T 4%
National Acme . . | 78 e Te% | 129%" 205
N. g Cl’:nt}‘llml.l-i.-. , 2'*’ 29“*‘ e
Rl itk & By SEL wv Al LT
National Lead . . | it foeef torniißy
Nor. :wvlz:-:!orn i};,l ;1 l?‘u
Rdpon e ||
ev. Con. © it 5 Y
N IEDakS - . «%f 0N il
e e(B i
8. . & i 1
Pan-Am. Pete ... |B¢ toh i B
oo Troduew - . Ssl 5% 1%l 4
Pennsylvania ..‘ , 5215] 62 150 | 48%
Pierce-Arrow . . 160 |6O 3% 74
TR AW . T 4% 73%} 51%| 50
P. Steel (‘?fir‘i . .| so%| 60 240551 251
pmsbu{)l;l o ‘ zso}:ll fi;*l 204 | 20»’56
Pierce s . | 20¢ 81
Sani vk - { BB '3?” il g
Re"‘“l‘r‘on"B3-"I w 3 S 838) 43 : ~--~i‘°f32
aoet v T T e
Rock Tdahd.. . » Lol ol e 64
do. pret. B . (65 105 31 %6
Sl e | By Mo el 81
. i | | $
}l‘{%yal Dutch (ne'.) || ’I sl hil -
Rumiey . . .-' ¢ das w 5214
Sears-Hoeboek . . | i l seech vas '1,1"0“*
Sloss-Sheffie E I 353 | 28%| 280
ey RR 68
So. g: DI i gy ,?:* T 6% |6% ;3‘:
Studebaker . W) T * 571
St. Louis &S- C b S 66 | 56
Stuts Mators . .. | S 0R 0l ate
Sinclair Oil nt) | | 6114 ““Il 80 | 89%
Swift & Co. (Int) ‘I wel ne 16%| 151
Tobaces Produets . el AV AN N 2
00, Unever , o k\ 19" '1220% 219 %
Third Ave. . . .« (221 |219 393, | 3914
Texas 22‘.,}1{; .. TR ”“‘ - ,a]?l'“
as u 112
Ey:’i‘ted Fruit . . L 1130% 1129 % |l3O i
. fohe i | 55 454 31|
0. e 4 8
U. Food Pmm?: s’%‘ 88 ! ss,,!nl‘vx
Ui Mg o+ [AL 09 101" 1004
IOLBIRE. »v 9 1103 |Sk e
| . 8. stee £ e e 1334 1345
do. pre . 134%]133 % 76 |76
G R R
|y -o,| 9% 83 33;‘: 32%
Wabglh Dm' 033 32% '{g&
| 0. pref. G 32
| western Union . {33 | 39N 3% 12214
SoiEee . 0 BY| 48 3] 48%
I Woolworth . . L] 49K ary 53%, 591
Lvl LR 34k Bot b 4
| White ertoe.”. | 8542 8¢ PR
Wilson Pkg. Co. . SONDS -
sptesseanes . 50/98,60(98.0
8.60/98. 195. 60
e EORmEen
do. N " "5:04;05.
80 48D - B EHE S 5.70/95.60
do. 4%s . ... 5.70195.70196.70 3. 28
do. it 4% || R R R
do. 2d “&’ "% 193.22[93.1893.
stock declined to sso@ 75 a)er ton in Phila
rmlphla6 but sold at $lO ‘us in New
York. Shipments of old stock only one car,
new stock, 417, compared with 208 last
week and 772 for the corresponding week
last year,
Onion Values Mren’;thm
Prices tended upward, which ruled $5
per ewt., . o, b. western New York ship
ping points, and advanced §1 in leading
consumiig markets, with a general job
‘blu range of :4.50%&00 per ewt, Cali
fornia Australian rowns were about
'll.l.d’. u.nxinz $3.75@4.00 at shipping
points, and $4.00@6.00 in consuming mar
kets. Texas No, 2 Yellow Bermudas
ranged 82.76?3‘25 per standar¢ crate, f.
o. b. cash, at Texas uhsgpmf points. No.
2 yellows ranged $3.76@0500 in consuming
markets, and No. 1 ranged $4 00@5.60.
Shipments of old stock have been steadily
declining for many weeks. Total this week,
70 cars; a decrease of 21, while new on
jons, all from Texas. increased to 210
cars, compared with 31 last week and 360
for the corresponding week last year.
Tomutoes Show St‘m% Tene
Good Florida stock ltrunfl ened slight
ly in producing sections, closing at $3.50
@4.50 per six-basket crate, f. o. b, ship
ping points. The range In northern con
suming markets strepgthened to $4.00@
5.50. Shipments decreased to 183 cars,
compared with erl:‘.lt wleek..
| Strawberry oes rre*'nl.lr
‘ While the range averaged slightly weak
‘er in producing sections, closing at $3.560@
4.256 per 24-pint ecrate, f. o. b. Louisiana
shipping points, values in Northern mar
kets tended slightly upward, ranging $4.60
@5.00 per 24-pint crate. Alabama stock
sold at u.oo?s.oo per 24-quart erate, And
ranged 25@3%¢ per quart in New York.
‘F‘lorldu Klondykes strengthened slightly,
ranging 46@46c in New York Shipments,
194 cur:);&:n Incre.n:e o.; % S
or lfi‘%\ an oqnhb
1 Best "rwdu outh Carolina asparagus
ranged $5.00@6.00 per dozen in consuming
markets, with firm general tone. Califor
nia extra fancy ranged $6.00@6.00 per
'dozen, Colossal and other selocted stock
reaching 89 in a few markets. Florida
celery continued barely steady in produe
ing sections, clogin nearly the same &as
last week, at u.o(wffl.oo per crate, f. 0. b.
nhl;nrifl. points. (‘hicago and other con
suming markets aguin advanced 26@60c¢,
ranging ”.60@7.50{1:" crate. Shipments, 46
oars; a decrease of 2. California Imperial
Valley lettuce was firm in producing sec
tions at $3.00@3.50 per crate, f. o b,
and Los Angeles stock strengthened slight.
Iy, ranging $1.40@1.50 Imperial Valley
stock In leading consuming markets was
firm, closing at 3‘.00?6.00. and Los An
geles stock at $1.50@2.60. Shipments, 318
cars, compared with 2421 laxt weok and
165 a year ago, Movement of hoxed apples
is light, with 64 cars, but harreled apples
continued in mnearly steady volume, with
L’H cars, a decrease of 2. Orange ship
wents were 1,200 cars; a decrease of b,
and grapefruit 82 cars; a decrease of 14,
Shipments of spinach were 212 cars, an
increase of 1. Bweet potuto shipments were
38 cars, compared with b 1 last week, String
beans Increased quite sharply, with 92
cars, compared with 26 last week Lucum
bers also inereased cousiderably, ' with 66
carg, compared with 41 last week.
METAL MARET
NEW YORK, April 21£‘~(,'o§1|n-r weak
lgo! 4%, April N"s‘@lbfi; dny, 4% W
164 ; June, 14.80@16% ; July, 16.75@16% ;
Augist, 16@16%; Beptembor, 16% wl6 %.
Lead, ntm\d{; spot 4% @6. April, 150@
6.00; zluy, KO, bid; speliter, steady; spot
6008107 Aprit and hny, nuwaqu 12% ;
June, 60.81-2@6.16; July, 6,066 6.20, Au
gust, fl.Mgfl.%; Septomber 6,10 6.80;
Pittsburg Besserner iron, 2985, asked
ATLANTA COTTON SKED I’R'ly)lz‘l (“l‘fl.l
. Firec
Deserd ?Noll.-- - Prices,
Crude 011, basis prime. . 37
Cotton seed meal, p. ¢. common ~ $L0.400
Cotton seed meal, 7 p. ¢, Georgia
eommon rate point cirpireviniys BOS
?‘ounl» #eed hulls, loose. . . ......... 16.00
‘otton seed hulls, sacked. ... ..... . nominal
Liaters, cloan mill run. .. ... 0000...8 467
NEW YORK, April 23 —The general
list fluctuated within a narrow range
at the opening of the stock 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 points to 86%. United
States Rubber passed 89. American
Steel Foundries continued its upward
movement, advancing % to 97, and oth
er steel equipments, including Ameri
can Locomotive and Pressed Steel Car,
were in scant supply, and made mod
erate gains on a small amount of busi
ness.
Steel commion sagged off partly be
cause of the lack of conftrmation of
stories of advanced prices, ranging from
1007 to 99 3-8,
The Marine issues were in supply
again today, the common dropping 1
““’i'” to 37%, and then rallying to Kh\%’
The ooil stocks were irregular, with
Royal Dutch of New York making a
gain of 1 point to above 93, Rallway
stocks were generally fractionally
her
The feature of the trading after the
opening declines was the pronounced
strength which 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
forced its price up from 9% 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, |
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
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 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 arter mov
ing up 2 points to 98%, declined to
951%. Philadelphia Company in the last
few minutes made a new high record
for the day of 49, an upturn of nearly
3 points. Losses of from 1 to 3 points
from the early high were frequent in
the last hour International Pape:
cloged at 63%;: Reading 83%: Marine
preferred 117; Mexican Petroleum 1841
Bethlehem Steel B 76%, and General
Motors 170,
The markte closed weak Govern
ment bonds unchanged: raillway and
other bonds weak
|
§
i ATLANTA SECURITIES. |
A A AN AN s
| Bid |Askd.
Atlantic Steel Co., c0m....‘...l 00 | 95
00 M. . v:ivitrenarnenl I 8 95
At, Ice and Coal C0rp..........| 8 70
B .. i i s 76
Atl, and~W. P. Rat1r0ad.....,.{160 [166 |
Atlanta National 8ank........[385 |206
Central Bk. and Trust C0rp....[148 {152 |
Fourth National 8ank.........[316 [320
Augusta and Sav. Railway.....| 92 96
Exposition Cotton Mills ...... [lB5 [l9O
Fulton National Eank.........[120 [126
Empire Cotton Oil, common...| 60 0
e B G AN
Gate City Cotton Mi115........J226 |, ..
Ga. Ry. and Banklw C0.......[233 1286
Ga. Ry. and Electrfe C0.......[102%!108
go. b pur ommt. ... v ...l 18 79
Goor‘fll Ry. and Power, Ist pfd| 65 70
0, B 8 DEAi:cisivesniiiores] 38 15
B 0 ORUENON . iscvanissssil B 10
Lowry National 8ank.........[220 [285
Southwestern Railroad ........| 86 87
Third National Bank.... .....|2156 |2lB
Trust Company of Georgia....|276 [2BO
Atl. Cons. Bt. Ry. 65........../]IOO ]lO2
Atl.-Char. Airline §5...........5.10 |Basis |
Atlanta 3%5, 1940............| 4. 40|Basis
Atlantic Ice and Coal, 65.......] 93 A
Atlantic Steel 65...............] 96 "
Ga. RaMroad and Bank. C0....| 80 85
NEW YORK CURB MARKET.
The market opened firm and closed ir
regular,
Open. Close.
Aetna Expl. . losi‘% 10% W%% 10%
Anglo-Awm, Oil .20 21 A% 3153
Barnett Oil . . 195 bid 166 bi
Cons. Coper . . 4@ bY% i@ 6%
Cosden 01l , . ~ 9&8 10 %@ 10
Curtis A'pl. . , 11 Wl3 11 @ 13
Houston Oil ~ .96 s 980 @99
Indiana Pipe .104 @IOB 104 GIOB
Inter Pete. . . 31%® 82 @ 31%
Lehi, Val. Coal. 80 A 6 80 @ 85
Magma ... ~ . 270@ 30 27 g3O
”un'um ira N4AN 1% 4 414
Meritt Oil . . , 32 @ 32% 308 @ 30%
Midwest Oil JD-MH* 1916 1%
Midwest ref. 160 @l7l 168 171
N. Am. Pulp 6% 7 % 5%
Ohilo Ofl . . 397 400 597 400
Prairie Ofl .. 700 710 700 710
Sub, Boat . . IT% @ 18 16% 17
80. N Y 383 1392 388 392
gON J. v 732 717 122
B. O, Cal. . 276 280 276 280
8. O. Ind. . 816 8256 sl6 826
Union Tank 118 22 118 128 !
U. Motors . 46 19 46 49
Vie. Oil ... . 6% 6% 5% 5%
W. Martin .. kW@ 3% INe 3%
Cons. Ariz. .. 1% @ 3-16 1@ 1 3-18
Nipissing ...... 8% 8% Bh 8%
B. and Wyo. Oil 44 46 1“ 46
Glen Rock Oil . T% % % 1%
1. 01l & Tpt. . 8% 84 Sy LR
N. W Ol ... 8 66 a 6 66
U 8 8 . ... :g :9‘: ::t :
Sapulpa . . .
BB . iciaivis s L@ 8%
FINANCIAL NEWS,
Preliminary production figures of four
copper companies for March are approxi
mately: Utah 8,366,000 pounds; Chino, 8-
770,000; Nevada, 3,650,000, Ray, 3,792,000,
-
Central Pennsylvania miners planning to
ask for higher w;'(u‘. i
Conferences between the Railroad Ade
ministration and the Industrial Board over
steel prices to be resumed shortly,
gy ¥
Agricultural exports of United States
during March totaled $298,067 366-—an In«
crease of $37,900,000 in a year.
The average price of 20 rails, 84.561, up
09; 20 industrials, 92 %24, up 03,
» 8 3
Chino Copper carued $4.49 4 shoare in
1918, compared with $10.93 in 19017,
- - .
Wall Street says: “‘Several things eccur
red to stay the wild buying rush, Techni
cal conditions threatened to become un
sound by headless buying. Counell of
Four seems to have struck a stone wall in
the Adriatie question and indloations
poitit to delay In settlement of steel
prices.”
STOCK MARKET OPINIONS,
.~ Thomson, McKinnon & Co.: "For the
past month we have been told of good buy
ing in Marine stoeks. Of course there is
no way of mnnlnx.?hu r:al names,”
.
Harris, Winthrop & Ce."ln automobile
trade circles it is stated merger of Max.
well and Chalmers Companies has been
)m'rnmpllkhrfl. A meeting of Maxwell di
rectors was held late Tuesday but no in
formation as to just what progress had
been made was forthcoming when the
mecting was over.*
‘ s s 7 e t—————
ST, LOUIS LIVE STOCK MARKET,
T, LOUIS, April 23.-—Cattle: Recelpts
4,000, market steady; nuative beef stoors,
11.604018.60; yearling steers and heifers,
9.506qp16.00; cows, 10.50@13.50; stockers
and feeders, © 10.00G@13.50; calves, 7.70@
17.50; Texas steers, 10.006018.00; primo
Bouthern steers, 7.50@15.00; beef cows and
heifers, 6.50@8.00,
Hoge: Rmvt“i‘u 16.5600; market wtoady;
mixed, 20.35@%0.95, good, 20.00%2!.00:
gough, 15.004p19.50; lights, 20.30@20.75;
Mghts, 16.00019.26; bulk, 20.26@ 2095 ‘
Bheep: NMecelpts 22000 market steady;
ewen, 13.00@ 14,60, choppers and canners,
4.50@11.00; lambs, 200004920 25,
Do you recall when the 4 per cent United States Government bonds
reached 1407
You don’t have have to be sa very old to recall that. And that fiz
ure of 140 meant that the man who bought it at SIOO per hundred dollars
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 the
present Government security issues, the Liberty Bonds, will repeat the
history of the old Government Fours.
i 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 hundred years ago the Napole-,
onic wars were ending. England had gone
through a desperate struggle with the
French imperialist. During those strug
gles the prices of English consols, 3 vfli
cent bonds, ranged from the m;n mark,
674, w H 4%, the low mark, hat was
I.E the year 1814. In 1824, ten {cm later,
the duotatlonl ranged from 56%, the low,
to !&’, the high for the year.
In this same period the French bonds
were undergeing about the same fluctu
ations, The French 5 per ‘cent ‘‘rentes”
rose from 80, the high in 1814, teo 104‘”
in 1824, ’rhe{' had fallen as low as 45
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 I;?nda
sold as low as 83, The low figure 83
was reached in 1861, when the Unien
seemed to be breaking up forever, But that
year the hlfhont figure was 906%.
I'rom 1861 on through the war the hond
values steadily rose. They had a prae
tically steady rise on through the war un
til the panic of 1873, when they stood at
:;:l!a high, with the low for that year at
In 1864 the American Government is
sued the 1-40-year bhonds, and in ten years
these rose from 1034 to 116%.
Interesting Sratisties
The following tables, prepared by the
Guaranty Trust Company of New Yorlg
from the financial records of this an
other gountries, will give the figures on
which the opinion that Liberty bonds wilt
rise in value, is basea:
English Consols During the Napolcenic
Wars,
Year High lLow,
RIS (ohrvcadivaviinins iy RN 84
ABER Ll il iissagessia TR 61%
080 suveigsininnsniiansti OB (25
BRIT Veeniivenan el saarionen BEN 62
IR s e hsanisebsia e B 73
IBED Wik danabriiiGiiesine BB 64
BRRY voivioii Bniskinietie, TR 65
BORL e cvsnriiinininviinns BN 68
IR ol sk %
SREN Sliiviiiiaiiieniiin BN 73
B il vl eki DD 4%
- . .
French Reotes in Napoleonic Wars,
Year Hl%h. Low.
IWEY iiavidinEi b R 45
RUIR . Vit cenmusidegrniiiat DS . §2.3
AN Nl B 54.3
SRR i viaaA e 68.5
SRR . heiaeiin ek T 66
BREW | isiieniivitibiberine TRES 64.85
SEOW S evy s s ity THE 70.1
BOBL U s anx e sai iy TR 73.78
BB o b s vviny e spritaiiis BB 83.35
BREE iy s s abnsahicics DR 5.6
BOBE ooyt vk ek s R D 93
& o ‘
French Rentes in Franco-Prassian War,
Year High. Low.
PEE Li vs M sadtisiric. 758 50.8
BEEE iivisbiaiiteiiaa B 5035
L PRGBS S U R SRR A § 5 52.4
BPER: i wvprrssnsishidsiciin M 2 53.3%
BUED e o sva sy avi css B 57.8
BRRE 5o s vaniidigsis v DIERD 616
B sii e i I 8 N -
AT vavriiiisyiikiinaiiass 2000 66.10
BREE. kNS is R TR 69.95
BRI v viscp i T anvaiir B 76.3
SO i e 0 311
§ Ny
United States Bonds in the Civil War.
Year High. Low.
SR 00l lidisiiiie: TR 83
BURW o vviannniis iy DT 7%
1863 NpR TaN e e 0 118
ARRY: i v s e 102
FORE . v shis s beanbie s AT 106
1866 widip sbhuss bn es v s e SRR IR lo3t
1867 vod e be i b ishkenisn sb P 106
SRR i i A 108 %
DR vnada el vuv kv es v REAR 106
EEE i 112%
1871 Wonawde st e sdsuiscDißTn 110%
1872 vobaate sl benninnin s BN 114%
1873 IRbRr s issren s INT D iy
- - .
Year High. Low.
Ten and Forty United States Bomds,
MY O i s s st O »”
15866 103% 89% |
BEBE i lioVeii i ivive s SIS 90
B ii i 974
BIRE \viais teinisifanss DR 100%
1869 tsvsvhassereninivsßEDN 106
SRIB i Nisnssenvrnnverecioiit wu'.‘
1871 Veshsnnsesguaisaseers 13N 107 |
1872 S abiheten oy biny AR 106%
IR i i o 103 %
The figures tell the tale. What fiman
cial history has done in all the great
modern wars, and fnllowlnf these wars,
it is mighty likely to do in the future.
Bankers' prophesies are not just so many
Muit Orders Filled Fromptly 1t KTAOIN §
_ When they make predietions based upon
‘the figures just quoted, ani others drawn
from financial huturr lh:i‘y nre aloal¢lll
with known quantiti-s ha Mistory o
Pond rises during each of the wars mon
foned, and afier tarse ware, has been
very sanllar, 3 ot
Here, too, Is another fact that must he
taken Into consideration in prophesying
the future values of the various Liberty
Bond issues, Our loans made in Euroran
countries will be paying us an uu}’un in
come In interest, nmounfinf.to $450,000,000,
Just now call money ranging nay
where from 5 to bl and 6 per cent. After
the Victory Loan, the last of the Liberty
Loans, 18 sold and distributed, after it has
been paid for im 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 glit-edged bhonds,
They will be shopping for the right kind
of investments, ‘They will be looking for
something 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 permanént investment. In
fact it is very doubtful if there will be
?lnythlnx that will come nigh te equaling
hem.
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 te sell it. He will want
to hold firmly to it in order to have the
steady, high rate of Interest and that
absolue safety on his investments,
Last Chance to Loud II?.
The man who loads up with Victory
Bonds (& wise, in the best financial sense
of the word, It is the last chance to load
up, the last opportunity to buy a highe
interest war loan bond.
There, are a great many evidences even
now tluf! the nation is beginning its finan«
clal recovery. Abnormal war conditions
are vanishing day by day. It has been
noted from month to month that there
Is an Increase in bank balances at finan
clal centers, a tendency toward lower
rates of money, a lessening of the amount
of paper held by Federal Reserve and
moember banks, an inflow of gold coin and
gold certificates into the banks, indicat.
ng & greater confidence in the financial
situation and a decline in the amount of
Federal Reserve notes outstanding. Al
thase are favorable signs whose signifi
cance should not be overlooked
There s still another advantage that the
United States has now, at the close of
the conflict. We have a very small per
capita debt, smaller than that of any oth
er first-class power exeept Japan, The
entire indebtedness o the United States
amounts to slightly more than 7 per cent
of ity estimated wealh and 8 only $l7O
per capita.
Compuaruble With Other Countries,
On the other hand consider the case of
Great Britain which has accumulated a
debt of 44,32 per cent of her national
wealth, amounting to $360 for every man,
woman and child In her population. France
owen 41.26 per cent of her estimated
wealth, or $206.90 per head. Austrin owes
84 86 per cent of all her wealth and
$242.90 per head,
Germany, exclusive of her Ninth War
Loan, on which accurate returns were
BANK CLOSING NOTICE.
Saturday, April 28, “"Memorial Day,"
is a legal holiday. The banks com
posing the Atlanta Clearing Hnum‘
Asgsoclation will be closed for busi
ness on that day.
DARWIN G, JONES,
Manager and Secretary,
W. J. BLALOCK, President.
~Advertisement
3 .
t Victory L §
' Victory Loan
bankers and investment houses
are focusing their attention on
| the launching of the Victory Loan, é
with the sole purpose in mind of
obtaining subscriptions to the full ?
amount of the quota of the Fed- é
eral Reserve District of Atlanta.
The machinery and working forces g
are well equipped for a strong |
{ stari. 5
s During the flotation of the Gov- g
{ enrment offering little attention °
will be given over to industrial and *
corporation bonds, the time and E
efforts of bond houses being de- »
voted exclusively to the Victory ¥
Loan. s
g
§F, Pl S h. ;
3
mancial dunshine
Sales of Victory Liberty Loan
snoten in New York Tuesday ag
égugated $23,630,000, bringing the
) grand total to 96,200,560.
Rik i S
never made, owes 38.7 per cent of all she
is worth and has a debt of $305.90 per
oapita Of course these figures for Ger
marny and Austria do not take inte con
sideration whatever indeipnities in the
way of reparatioh are lald upon these
countries. :
All this places the United States in &
strong positlon and naturally adds value
to the Liberty Bonds, Victory notes, and
other securities of the Government.
The United States is right now the great
est banking power in the world—possesses
the greatest banking strength any naflcl’
has ever known. It has such a reserve of
money as no other peo,,',\le ever accumulat
ed. Its power increased something like 60
per cent during the war, as compared with
a 16 per cent increase in the four years
preceding the year of 1914,
This makes the Liberty Loan of the Fifth
or Victory issue ene of the strongest prop
ositions that has ever been put before a
nation: with money to inve:t. The concern
back of that loan, the United Btates Gov
erument, was never stronger financially
than it is today and that strength is the
combined srength of the wealth of all its
people.
NEW YORK PRODUCE MARKET.
NEW YORK, April 23.—Petroleum firmg
crude Pennsylvania, 4.00
Turpentine steady, T8@781%5.
Rosin easy, common, 12 tiS,
Wool unchanged,
Hides dull. Native steers, 37% @2833
branded steers, 25 @26 %
Coffee firm; options opened 8 to 13
pboints higher; Rio No. 7 on spot 173,
Rice quiet; domestic, 8% @lO%,
Molasses dull; New Orleans open kettle,
‘l(;?\‘J, black strap, 12@17.
otatoes firm; nearby white, 3.50496.00;
Bermudas, 8.00@14.00; Southern sweets,
3.00@11.00.
HBeans steady; marrow cheice, 11.75; pea
choice, 7.50@7.76; red kidney choice, 12.25.
Dried fruits firm; apricots, choice te
fancy, 26@28; apples, evaporated, prima
to fancy, 17% @l9'% : prunes, 30s to \ga 1%
@20% ; prunes, 608 to 1008, 10%@17:
peachds, choice to fancy, 18% @2l; seeded
raisins, choice to fancy, 10 @lB.
ATLANTA PROVISION MARKET.
(Corrected by the White Provision Co.)
(United States Food Administration Lic
ense No. G.-21371.)
Cornfield hams, 10-12 average....... 34%
Cornfield hams, 12-14 -v‘rnt0....... 34
Cornfield skinned hams, 16-19....... !l
Cornfield plenic hams, 6-8. .., ....... 2
Cornfield breakfast bac0n...,....... 41
Cornfield sliced bacon, 1-Ib. boxes, 12
£0 CABE o iuipssusiaarnisnronssvnage BRE S
Grocers’ bacon, wide or narrow...... 38
Cornficld pork sausage, fresh limk o; :
BULE oonvovdisvbhatrtnsbasahsrnrtan ,
Cornfisld wieners in 10-Ib. cartons,,. !;
Cornfield wieners in 12-Ib. kits in
PIOKI® yourvinonoosvaryennens puns sl
Cornfield bologna sausage in 25-1 b
DOXOS o sovvatn vennnssvebgsissasena. SN
Cornfield smoked link sausage, in 25-
ID, DABOS ooy iovsvnsividanesimnins SR
Grandmother's pure leaf lard, tierce
DABI wxon'ovenaionviinivisivngiiitiy o 8
Country style pure lard, tierce basis. 82
Compound lard, tierco ba5i5......... 244§
D, B OREPS PIOE. ..o\ oonisvrsibabeiins BN
D. 8. bellles, medium AVErage. .. ceee 3; 3
D. 8. bellies, light AVErage......seess 3
| o ——————— %
| THE WEATHER :
WASHINGTON, April 23—Generally fair
weather will prevail throughout the !Guth;,
tonight and Thursday, with not much
change in temperature,
| Forecnst by States
Georgia, Alabama, Mississippi and Flor«
ida: Fair tonight and Thursday.
North Carolina: Fair tonl{ht and Thurs«
day; warmer tonight in central portion,
South Carolina: Generally fair tomight
and Thursday,
Tennessee: Falr tonl{ht and ‘l'hm"d”:\
slightly warmer tonight in northeast por
tion; cooler Thursday in northwest pors
tion. 4
i
SPECIAL NOTICE.
’ NOTICE TO PAVING CONTRACTORSE,
| Bids will be received until 11 o'cloek #.
‘m,, April 28, hY the undersigned for payv-
Ing gutters ahd other incidental work ou
st Pace's Ferry road from Pwnht{en
rond to Pledmont avenue. For further in
formation apply to
C. M. HOLLAND,
Purchasing Afrnt. Fulton County,
Ady WO7 Court House, City.
GWAL CTTp
<N “r)
Q‘ m
w >
Nty yoph”
OUR Comrenrsmtmmt Ooffeen
in &7 Citien sre working
to facilitate the wecess of the
Vicrony Losemry Load.
Commapondent Ofhces i & Cities
Atlanta—4o Bdgewood Ave
Telephone {1 lvy