Newspaper Page Text
gtipping Board Places Surcharge of 25 Cents Per 100 Pounds on Cotton From Atlantic and Gulf Ports to England
:By VICTOR BARRON. (
Atlanta bank dn -
R clearings Wednesday ... .- ... sgm',aso?g
last year... ... poine cos Sfev ciiue ay o ,485,790.
L LRt R A R L T T
game g&y DO WOIE. ookt it i re v DARTY
ame day 1917... ... Vo eiies ie e oe ese s 4,550,873.85
* "
Atlanta Spot cottog Wednesday..... ... ... ... .. .. 28.40 c
B O O O 2 s o L e W
+
vgame?ylanyyeax.. AU O e e R
B T . i o e L
- . .
A
“flanta cotton statement W ednesday:
3 , 1919, Last Week. 1918. 1917.
.fl.epelpts Lo il 1 e 416 193 666
Shipments ......... 036 761 816 1,167
Btocks ............27908 26,182 44,601 75,869
... 2 2,400
* * -
(By International News Service.) I
: WAS.HINGTON. 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 Atiantic and Gulf ports for London and Liverpool. This
actizh was taken in view of the serious delays at those two ports in
dllcharglflg. cotton ships. The surcharge was made in lieu of demur
rage and will continue in effect until discharged conditions improve, it
:VZB stated. Charge will not be made on bookings made prior to noon
oday,
» » -
Cotton exhibited a reactionary tendency during the early trading
I\\ “dnesday, with business more or less light and confined to professionals.
«iverpool failed to meet the full advance due. This, together with favor-
Brsmssssssmewsn Able weather and fear that final peace settlement might
. T be delayed, encouraged further realizing and pressure
iR : from the bears’ rank for a reaction. First prices on the
R O New York exchange were 17 to 34 points down on nv\\'!
e 4 contracts and 10 to 28 points lower on old style. Liver-|
i pool turned a seller after the call, which was fnllowed!
" by offerings from Southern interests and commission
@ g houses. Offerings were not as rapidly absorbed as on
3 "M Tuesday., the old bull crowd apparently desiring to
“¢sj:;_:_,‘ % : & await a further reaction before enlarging their lines, or
s w replacing soldout lines. Nevertheless, the market l’ml«ls;
Damew oy remarkably strong in view of the recent advance of
“,nm nearly 5 ecents a pound—October rising from 20 cents
R - 8 to 24.85 during the interval of froth March 31 to Mon
: Bk . 8 day, last, without noticeable interruption.
§ e 5 Under this pressure new contracts receded 40 to
R B¢ 50 points before the noon hour, with May dim:lng to
gt 27.02, July 25.70, October 24.10 and December ‘13._6-».
N Futures at New ‘()rlnans reacted 20 to 47 points, “'lthy
————w e (ISIANL OPtions showing most weakness. 5
The market was a runaway affair for the bulls during the afternoon,
with shorts making the dust fly as they scrambled so cover, as the T’Psl.l"
of cheering mews from Paris, bullish dry goods nefrs and reports of in
creased demand for the actual. All options made pew high records for the
movement. From the early low levels the market soared almost a full (‘.elll.
with new May contracts at New York jumping from a low of 27.02 to 27.87,
white 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 move.mem,
old contracts closing 25 to 34 points net higher and new options finishing
15 to 21 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 e¢hopping has begun.
]
T 1
CHICAGO, April 23.—-May and Sep
tember corn continued to advance at
the opening of the market today, and
new high marks for the season were
again recorded. Opening prices for all
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 24 cents. July reached
1.61 3-8, and September 158, or 23
to 4 cents up, respectively.
Oats 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 aetive, being restricted by
lack of selling. Before noon the list
stood 7-8 to 13-8 cents higher.
First prices in provigions were gharply
higher with scattercd baying inspired
by strength in grains and the advance
in hog prices.
Corn made new high records during the
final hour, with May rising to 1.68% ; July
1.6215, and September 1.69%, the Ilatter
showing a net gain of 514 cents. The close
was 2% to 515 cents up
Oats closed % to 1% cents higher,
Provisions closed higher,
Grain quotations:
Frev,
Open High. Low. (los¢ Close,
CORN
May 1.65% 1.68% 1.66%W 1.868 1.64%
July 1.68& 1.6%% 1684 1.62% 1.08%
Sept. 1.56 1.59% 1.68 1.690% 154
OATS
May 1% 72 1% MN% 71
July 70% Tl% 7015 71% 70%
Sept 67 % €9 67 % 69 6T
PORK -
May 63.26 53.33 53.16 63.16 52.60
July 50.10 50.35 650.10 50.35 19.90
LART»—
May 20.90 31.00 20.80 20.87 10,66
July 29.90 30.00 29.85 29.587 29.70
"
May 28.656 28.77 28.656 28.70 25850
July 27.60 2750 37.40 27.42 2TL.10
It is not becoming——nor
safe for your health, Add
Hlesh to vour bones and roses to your
heeks by drinking a glass of this
lelicious digestant with each meal.
Shivar Ale
PURE DIGESTIVE ARODMATICS WITH
SHIVARGMINERAL WATER AND GINGER
"Phone your grocer or druggist for
a dozen bottles, Satisfaction guar
inteed or your money refunded on
first dozen used.
Bottled and guaranteed by the eele
brated Shivar Mineral Spring, Shel
won, S. C. If your regular dealer
cannot supply you telephone
McCORD STEWART €O,
Disicibutors for Atlanta,
, Following is the weekly weather
Tand crop report, hy States:
| TEXAS—The weather was favor-
Eahlv for planting And cultivation, but
!too cool for normal growth. Cotton
| planting is making very ¢ooa prog
gress. but warmer weather and mod
|erate rains are needed for germina
|tion. The progress of early planted
|hs poor because of cool nights,
t 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,
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 acecount of unseasonably low
I temperatures.
MISSISSIPPII--General rains oc
curred on the Isth 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.
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 southeasf on
account of rather wet soil. The gergn
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
tinnes in the south and has started
nearly to the northern border couns=
ties.
SOUTH CAROLINA-—~The nights
were too cool for best growth, with
elight frost damage to tender vegetas
tion upstate on the 18th and 19th.
Recent rains were very heneficial to
winter wheat, Germination and stands
are satigfactory northward over the
llower Piedmont, though lacking in
vigor because of low temperatures,
FLORIDA—EarIy cotton and most
of the corn has beqpn worked. But
these crops made pAw progress on
aecount of the unseas \nably low tem
peratures, but the m<xvmte rains in
the northern and cedual portions
were heneficial, L
LOUISIANA--The planting of Tot«
ton continues, but was considerably
retarded by heavy raing on the 16th,
except In the south central portion,
where the raing were light,
CHICAGO LIVE STOC KMARKET
By U, S, Bareaa of Markets
CHICAGO, ApMl 23— Hogs—Estimated
rm»mguls, 17,000. Market, strongs 10¢ high
er. Julk, 20.80@21.00; tor. 21.10; butche
er hoge—Heavy, 20 95% 1.10. Pucklnx
hogs: Heavy, 20.70@21.05; medium an
mixed, 19.006@20.50; light, 20.26@21.00;
pigs, n.ooyu,an; roughs, n.u?n.n.
‘ Cattle—Estimated receipts, 8,500, Mars
ket, slow. Heels eattle: Good choeice, 17.90
@2O 40; medlum and common, iuwo
18,00, Butcher stock: Heifers, 8.36@156.70
cows, $.00@16.50; eanners and cutters, u‘
oo Bo: stockers and feeders, foud choles,
10,606 16.00; common and medium, &753
I‘;a. veal ealves, good cholee, 13.00
1 k
Bheep ~Eatimated receipts, 15,000, Mare
kv\_( slow, Bhorn lambs, choice and prime,
17.56@19.60; medium and good, 17.50
19,005 epring lahbs, good choice, ll.‘fi?
21.00; ewes, choice, wfimo 11.75@15.60;
medium and good, 6.00611.76,
TPk
i ®
NEW YORK, April 23.-—Poor cables
from the English market, a favorable
weather map and prospects for a rather
Learish weekly weather revort were re
sponsible for a decline of h to 34 points
at the opening of the cotton market
today. later prices were steady on
trale buying, with general business less
cctive, but again weakened on in
craesed offerings, new contracts show
ing a net decling of 22 to 44 points at
the erd of the first thirty minutes of
trading.
R e A
The wekely weather report was neith
er bearish nor bullish and had little ef
fect on the market. However, realiz
ing sales continued in evidence through
out the forencon, co,\ulnf 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 or;lI 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 s6_a bale from the forenoon
low levels. May soared to 27.87, while
.lul‘\"s jumped to 2650 and October to
24.96,
At the close the market was steady,
with ¢ld contracts 25 to 34 points th
er and new options 15 to 34 points
higher.
‘Rgt cotton was quoted 25 points
higher at 28.75.
NEW YORK COTTON.
Old _Centracts.
T TOpen IWigh. iw Sa Clme Pre Cloes
May ‘126‘00!26.50‘26‘“ 26.49{26.35 26.10
Jiy 126.66126.00125.13{26.00125.98-26{25.65
Oct lzus|:4.ooflzs.uum 24.07 ]23.73
Dl I.k e 123.73
Jop b ..o Vo deo o 40608 183,78
______New Centructs. o
—__lOven. High.| Tow [LSaiel_Close. |Prv.Cios.
May [27.36127.87/27.02]27.75(27.76 ‘27.52-54
July IZBJMZG.BN?S.CZ‘!G..}Q 26.38-40126.10-13
Oct [24.26]24.96/24.05{24.88({24.87-88/24.65-65
Dec t::l 67124.50123.6(\?2(.40 24.40-45{24,06-07
Jan [28.45]24.00123.30124.00/24.10-16{23.78-81
Mch_12326!23.85(23.10/23.85{23.75-80{23.60
Closed steady. <
AW ORLEANS CUTTON.
3 Old_Contracts,
| _Wigh.| Low. |L.Sale, Close. |Prv.Close
May |26.50126.50)26.50126.50126.556 126.50-60
Jly [25.40]25.40(2£.40(25.40{25.39 125.10
08t Pl e o Aok
Dec |....1...0....1.. 18330 {28.03
| New Contracts.
—__[Oven. Tiigh [ Tow. TLagl_Clow. TER Ciose.
}Mny [26.50/27.07]26.20/27.00]27.00 |26.45-50
Jly 1:5.20)25,9:;'25.0&2512125.79—8:125 49-43
Oct |23.50]24.23/23.30/24.07]24.05-09123.74-76
Dec [2316(23.94]23.00/23.80({23.80 [23.47
Jan ’22.34(2.’%,3.’:!23.64!!3.5:#5,?:us {23.18-20
Meb 1. licha o 13508 [BENT
Closed steady.
LIVERPOOL COTTON,
LIVERPOOL, April 23—Cetton futures
opened quiet. Spat cotton was in fair de
mand today. Prices, firm; sales 7,000
bales. Ameriean middling, fair, 19.78;
good middling, 18.35; middling, 17.44; low
middling, 15.99; good ordinary, -4.34; ordi-
Futures opensd steady.
Prev,
Open. 2 p.m. Close. (lose
ARI .o o B TR 1 1R.0%
BERY ii se or G3OTR BESE 3640 16038
JENS 0 LG o AOS SRS 1630 183
Iy b okt BRED. .00 1688 18.9%
August .. ~ .. 1606 18.81 16.64 16.76
September .. .. 1559 1641 1529 16.39
Closed steady.
APOT COTTON.
Atlanta Commercial Exchange
basis good middling, 28.40; sales ’lm
L 5040 bales.
New Orleans, middling, 27%; sales
997, arrived 675, .
Liverpool, good middiing, 18.35 d.
ew York, middiing, 28.76.
Savannah, middling, 29.
Augusta, middling, 27%: sales 5§84,
Boston, steady, 28.65.
Philadelphia, middling, 28.90.
Charleston, middling, 261%.
Wilmington, middling, 26%.
Norfolk, middling, 26% ; sales 26.
Memphis, middling, 26%.
St. Louis, middling, 26%.
Dalias, middling, 27.40.
Mobile, middling, 26%.}
Galveston, middling, 28.
Houston, middling, 27.60.
Little Rock, middling, “)‘
+ Montgomery, middling, 26.63.
COTTON BIDS TO LIVERPOOL.
'~ New York 11:00 a. m. bids to Liverpool
were:
-a' -
BOF oo s on sv kv on e sk viR RNTEE O
WU oy i v W ey b we i o R ENERNY
Qctober .. .. .. s. oo 5. 3. .01RENN.....
New Orleans 10 a. m. to Liverpool
were:
3 New | Ol
MIRT 5. wn ewsse an BEas sR BB ORI
N Ul L S SRR s et s v R
Oetober. ... .o oo iso oo us < IRO Ls
COTTON PORT RECEIUTS,
The following table shows receipts at the
’mrtl today compared with the same day
ast year: -~
il i LSR
New Orleans ...............J 4,084| 2,904
CRIVOMON .. i riensesscssssTlELEEN - 058
Mobile ..i..iviveenscancanss TR il
Savannah vadinesnaiancerinl DN LAUS
RTMAORNR -+ i\ Jhiehid s anadisal TEL <O
Wilmington B B 8 214
NoMfolß ......ov6vsesscessees] 5,158 117
WOW WOPR ...coansvesnsentslinrenasl ROD
BOAtON ... i vssssennsrannsns 76 268
Philadelphia ....oooveovneelionn | T 4
Total cia s Ehssur e b TN T
INTERIOR M T,
1918, 1918,
TWOWMEEAR i +: oo 5o ne on o) BBIN 2008
ABEUNRE . .. s s es o] L 2931 12Y
Memphis .. .. o o oo ..| 3,310 8,428
Bt. Louls i oo o 0 25 vs s 1.530' 5,219
OMOIBRALE .. o vo o 5 as soleivuie 368
Siithe Taak .. 4.0 g) oo o o 3461 248
TOAYL .. . .o vo oo s . 110,708 4,380
SEMI-WEEKLY COTTON MOVEMENT,
[ 1919, | 1918, 1017,
eceipts .......| 40,8731 36,030 28,26
Shipments ..... 48,187 44,796 39,052
Stocks ... .. .. |ILOTILB64] 8610001 721,408
COTTON NOTES,
Press advices from Paris say a special
moeeting of the Supreme ¥eonomie Couneil
will be held Wednesday to try to reach &
decigion on the question of permitting a
Hmited supply of cotton and other raw ma
terials to enter Germany. Should this oc
cur, it will nnmrnlly.m bullish,
. -
Dry Goods prices are running away In\
A bulligh direction, Laust report says:
“Sheetings advanced from 1% to 1§ cents
per yard." !
‘ - Ld .
~ Liverpool futures opened 12 points high
u.‘u‘nlmt 22 to 25-” higher due, !'pot
males 7,000 bales.
‘- - .
~ Favorable weather map shows cleudy
An Texas; fair over rest of the belt; warm
er, no rain,
| CHIGAGO CASH GRAIN,
- CHICAGO, April “38_-Corn—No. 3
\mlxod. 1.65%%}. 0?: No. 4 mixed,
1.03%@1.3%; 0. white, 1.68%: No.
® white, 1.66; No. 4 white, 1.65; No, 2
yellow, 1.70; No. 8 yellow, 1.66; No. 4
yellow, 1.64@1.65,
Oate-<No, 2 mixed, 70, No. 2 white
14 No, 3 white nwnm No. 4
white, 70%: standard, 2% @7
ettt
CHICAGO CAR LOTS,
CHICAGO, April 23 —Folowing arn roe
ceipts today: v
BB 2 54 v Viiae sy sk bbiee 3
;:(m 69 84 Bb 89 se bew B 8 ve N 8 .."m
T B e b il
MARKETS EINANCIAL
l WERE MORE-THAN $600,000,000
WASHINGTON, April 23.—Americac’s exports for the month of
March were valued at $604,912 288, 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 leargest increase in exports was in 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. A
Total stock sales 1,682,800 s hares.
Total bond sales $12,185,000.
Prev.
| lql\l:l.efl'"’“”
‘|u| hilLow "' 381
LT 14%
ey ot j} 14k 144 [t
A R gl G s
Amn B Sugar 1 B il 8188
e ¥
Amn Can Phry. ..| 0 AR oar
SGt 000 7 |7 oo 04
n. . T, .
A, . DAL e
“spn:em““ « o} il 94 30% (128
"o bocl o ¥y 103 l‘“i&
mn. Steel k. ¢ . 104% (103 69% |6 i
Lo s - LR A 3
A i bt s i
g, et it 1?:% 27% 108%
Sy e e e 8%
Yot 110ig e nek‘,g,
am e sotp gt
452 ki QY BN
. Sum. % 4 ;
Amn. T 4 3% 5%
m‘fiivp&;g;". {aaic a6l a 6 S 8
Amn. “;”l firhy A ““ |I& 9214
Slacks Goid 083 AR) OER| S
laskn eRAN R 18 <F 38
:xwt"";"‘l“_'. } 18 sik| 92
Atch‘:: ""ef'mé oS odia! 0% :71 | 46%
e §8 Bh in s
R ol 24% sl wnl g
Bal. Plabetios - 4t ek 6% 214 y
Booth teel pref, . N TT% 21 21 |2l
th. 8 B . 21 22| 2
Beth, E. 2% 23 Bu e
. |202 Ko 1
Sultv?es;‘;fe“m s :‘leoe'l:‘.’* 60 :‘*
Can, Pt B 3 |
O o -;fl‘ b 3 ¢
. ane ey : 1
Gl iR 8 bl el
C., M. ref. . ... 1B 943 | 9 63
o’ ?,'rgnv*" :;;:! e 2%;2 HH
e iSR R 69% | 68% ‘-"“xh
"Orn Produ iy SR 2‘% 37%
se D 3836 | 285 R
‘L"““f.' &Sk oel 8| sl%
Juban C. v N
. o Fipe © | 1% 8! 3w Gy
e | A 1 S 5 .4--‘:sl
entral r ... . SeEeg it i 1
:"hlle ('f'_"";:l,tor ’ ' RSy "'
(-‘hu“d:;lla Gas . .". 1o 81“ sl% 43
57?,‘.-“.»{-‘“.‘l9-,{"‘,‘%‘? 'l'--l'ff‘?.'! )SR
ont. Ca ud. . . 6%l 16 16 748 !
'(l'ufli Pecurities . 3 :g%l 3 160% I=l§‘
bist. ek I ENA 3
Brie .. ot dat . . Ne [
do pre tric . 180 {l7 ‘73 1%
meral Electric . . 80 ‘7”3 9231 91 |
Qe eral Mo ber . . 9214 9114 44l
("'"drich R\lF‘,' A .5.% a 4 i - ",
G‘:" Mn-ori;"’ “ ‘ fhel "
gr. ’ 4 ‘
Gt. N‘,?,p.‘e? * 4 b 184 lg;*{ ':%l
L e fie. & W. . Shigi 60l S 0 :)*
Gast., _“lglwr(‘s R *’ 50% 33“
. Cemtral : +ope T e ATt 1234
Inspir e o .--‘.l‘7‘\ls. 2844
e pret. - Pas '“‘m’s“""a‘.
SRy v > 124% e
it Rkt $e -BN AL
Y. ' oo PO OSO %
o O es b S Kek 16
Kan. ('“[. Tet 17 I‘*' 32
sil | 328) 325
K‘n'do pref. e N
Kenpecott + . ... 338 St%|
- Weekly Produce Review
Following is the weekly review of fruits
and vegetables. (Prices to jobbers and
shipments for the Unitea States for the
‘{:ennd of April 15 to 21, inclusive). Issued
| ‘ the U. 8. Bureau of Markets:
~ Prices Tend Higher, Shipments Moderate
~ Markets have tended generally upward
throughout :grfl. The past week most
lines advanc 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 28 leading fruits
and vegetables were 6,623 cars, compared
with 7,245 last week and 6,900 a year n,o.
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.
l'kud 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@2562 per ewt, f. o b shipping
fiolnu: a gain of 60@60c, and relatively
igher than principal consumi markets
for this stock, which closed -fil“':.“.
Sacked Maine Green Mountains ade
equally sharp ‘rniu. reaching u.uf;.?l.
f. o. b. in producing sections, and uolm’
$266002 96 in New fork and Boston. No.
northern sacked white stock rose 30c in
Chicago carlot market, closing at si.l6@
'2.26 per ewt, Colorade No. | sacked white
stock gained 10@26c, closing at $1.70@
1,86, f. 0. b. Greeley, but declined sli.ht.li
in Texas cariot Snarkets, at $2.30@2.50.
Trackside sales by growers in Northern and
Western )nlulluCllfi sections advanced gen
ernlly, ranging rom $1.30 in ldahe, to
‘fl.u in Michigan, Northwestorn sacked
urbanks ranged ll.'lhl(‘ 1.85, I. o, b. cash
in producing sections. Shipments decreased
about one-third, owing \u lessening reserve
stock and to 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. Ship
ment of new gwm!mw wore 186 cars, com
pared with 738 last weex and 454 for the
corresponding week a year “f"' New Flor
fda Spaulding Rose avernged about $1 de
eline, ranging snuofiyln.oo per barrel in
Northern and Middle Wostern markets, and
mostly ';l f. 0. b In producing sections.
Texas Blisse Triumphs sold about steady
in Kangas City and Sst. Louls, at $4 60?’
$6.00 per bushel hamper, and at $4 in
New Orleans
Cabbage Slightly Stronger
Prices tended to advance for first-cinss
stock. Texas Filat Duteh strengthened
slightly to a range of sl2o@ 140 per ton in
Middle Western markets, and rangod also
$6.00@6.60 per owt Southern Caroline
Wakeflelds ruled 36 per barrel crate,
f. o b, shipping points, and ranged .-trnnr
in consuming markets at "ffi%u','u.
Florida stock deeclined fully ,t in producs
ing sections to a range of $4.76@ 05 00 per
barrel orate, £ 0. b, and wenkened con
widerably in Northern markets at $6.50@
7.00 per barrel crate, or $2.60§38 50 per
1% «bushel hmr«r. Californin Winning
stadts sold falrly steady at S9OGPIOO per
ton, f. 0. b, and various California stocks
advanced 81, in consuming markets, rang
ing $6.00@7.00 per cwi. Old Northern
———————————— ——
MONEY AND EXCHANGE. 1
NEW YORK, April 28.-Call money
on the floor of the New York Stock Kx
change today ruled at 6 per cent; high,
b per cent: low, § per vent,
Time money was quiet,
Rates were: ngt& days, 6% 86 per
cent; 90 days, L% @6 per cent; four
months, 5% @6 per cent; five monthe,
| rwf:m per cent: @ix months, 5% @6 per
cent,
The market for price mercantlle pas«
per was dull
Call money in London today wie 3%
per cent,
Bterling exchange wag steady, with
xuuineml in bankers' bills al £.80'% for
emand,
‘Hllhl Low'mt ‘m
__STOCKS-— |1 |Sale ‘Ciose
Lack. Bteel . .....[| 18 Tl%| Tl%| 70%
Lehigh Valley . ...| 54%/| 64l 54%) 54%
BRI & sviiool soirl vrisk voi ik SOO
8 W I G vl ok ek skl
Maxwell Motors . ) 41%]| 41 41 40 1%
do Ist pref. . .| 71 |7l 71 68 %
do zd. pref. ..| 32%| 32% | 32%]| 1%
Miss. Pac. (new) .| 26 26% ]26 25
do pref. ... .| 63%/ 63%]| 63%) ..
Mex. Petroleum . . [186%|185 [184% 1“2:
Marine . . ... ...} 37%; 36%) 37%] 38
do pret. .. 11 1t " lag Mhary |
Miami Copper ..,. |3¢ 24 |24 23 %
Midvale Steol . . . | 474 46%] 46% | 46%
Nattonal Condult . | 21%| 20 20% /| 19
National Knamel . Ilu‘ 61 |6l 60
N:uon& Acme . . | 3815 38| 48%| 38%
VRS ) el B 8 Bl
NN i 38 9l 29K
National Lead .. ) * 3ot ...,fgo |
Nor. & Western . | ....| ....0 ...0106
Nog, Paelfic . . . | cxis) avi) it ANk
ET OAN .1... t it
Nev. Con. (‘o&mr oL 18%7 16% 16%| 16% |
NXANiy )i ial il R
Ohio Cities Gas . . | 443%| 43 | 43% 4%
Pitts. W. Va. Coal | 37%] 37 | 37 | 56%
Pan-Am. Pete ... | 84%| 2%/ 2% 83%
Okla. Products ..| 11 10 10 o
Pennsylvania .. . | 44%| 441g] 4434 44 ‘
Pierce-Arrow .. . | 82%) 52 13 62
People's Gas . ..[ 50 |6O |SO | 48%
P, Steel Car ~ . . ] 74%) 13%) 73%) 74
Pittsburg Coal . . | 60%| 60 | 513%| 50 |
Pierce Oil . L . . | 26| 24%| 2| 264
Ray Consolidated . | 20% i 20% | 20% | zola\
Reading . . . . . ) 84%] 83% 83%| 81%
Rep. lron & Steel . § 831, 81% 834 815
SO. PVI sy gaval syt sai~iNOß N
Rock Istand ..., | 36| 24%/ 24| 245
CUETTT B TR R e B e
do. pref. B . |65 166 | 65 | 04%
Ry. B&e.l epflns’. 283 S6%| 87 %‘ 86
Royat Dutch ( Dl 944 183 | Bal B2N
RO ¢ % Vo nt ovidiiveit sl BB
Seatp-Rosbwtk .. § .:.if ...\ ... .]2BB
Slom-tneiad .o 0 b 52;;.‘
Ho. Paoitio .4 . » svl tisul dax i
So. Railway . . . 29 28% 0 283 285
do. pref. ... |69 69 |69 68
Studebaker . . . . | TB%| 76% 76%!| 76%
8t Jooutm h BW, .1 o] voail o] 138
BRUSE Nsaße & . b sl skl sicsl BT
Sinclair Oil . . . . | 86}/ 64%! 66 | 56
Swift & Co. (Int) . | 61%| 61%| 61% | 61%
Topbacco Products . | 803| B§Bl %0 804
Tenn. Copper . . . | 16| 168 156%| 15%
BRI A o s Rl ook viiel BN
Texas 01l . .« « . (221 (210 1220%(219%
Texas Pacific . . . | 4134] 39% | 393 39%
United&ult % Lol aba ol gn s iAER
Union iffe . . . [130%]129%{130 |1297%4
U. Food Products . | 77%| 14%| 76 | 77y
U. 8. Rubber , . . ”\fii 88 |BB | 885
1 B PO Yi) vavil e iRNLNS
|v 8 Breel J 7 L ji6aT | 99101 Joot
do. pref. . . . |116% "'?2““"““““
[v. Cigar Stores . . |134%]133% 1337 1343
Utah Cop) boL 77& 6%| 86 |76
! Va.-Car. Chem. Co, |62 61 62% '6l
Wl ha s 8% 8 83| §
! do. pref. A‘. | 337 ] 3280 8284 32%
| Warlhl URMR v« Fsaeod il xaiat BN
Willys-Overland . 33 32%| 32% a2y
IWoolwoflh ¢ o ambey sos B adnk ....!12245
Westinghouse . . . } "y ““’ fl?fl 4%
| White Motors . . . | 581%| 5814 581! 59
Wilson Pkg. Co. . | 853 84%( 85| 84
. e
U B, Lib. S%s . |95.60/98.50/98.00(08 00
do. Ist 45 . . [95.74/96.70/96.70/95. 60
do. 2d 4s . . . |93.14{85.10/93.10(83.10
do. 4%s . . . . |95.04/96.04/956.04/05.08
do. Ist 4%s . . [95.70/95.70(96.70/96.60
. do. 2d 4%s . . (93.26/93.26/03.26 83 28
do. 4th 4%s . . [93.22(03.18(553.20(83.20
stock declined to $50@75 e, foo in PA}l:—‘
dclpll.h but sold at $lO ‘us in ew
York. Shipments of old stock only one e¢ar;
new -wok,"u'z. compared with 208 last
vl.:k and 772 for the corresponding week
year,
Onien Values unn"thea
Prices tended upward, which ruled u|
per cwt, t. o l;a western New York ship
ping points, and advanced §1 in leading
consummg markets, with a general job
bing range of u,bogs.oo per ewt. Cali
fornia Australian rowns were about
steady, fi-m\‘ln% $3.76@4.00 ®t shipping
points, and $4.00@6.00 in consuming mur-l
keots, Tn;_n i\io, 2 Yellow Bermudas
ranged 03.45? .26 per standard crate, f.
o. b. cash, at Texas nhl“flug points. No.
2 yellows ranged $3.76@500 in consnmm{
markets, and No. 1 ranged $4 00@5.50.
Shl})menu of old stock have been steadily |
declining for many weeks, Total this week, |
70 cars; & decrease of 21, while new on- |
jons, ail from Texas, increased to 210
::rnhe'ompnnd wlt‘h 31 lukt l'aek and 360
corres ng week last year.
Mdo:longhw Streng Tene
Good Florida stock n\ren*thenoc m‘nn
1y in produclng sections, closing at §3.60
@4.50 per six-basket crate, f. o. b. ship
ping points, The range in northern con
suming markets strengthened to $4.00@
5.60, Shipments decreased to 183 cars,
compared with 341 last week..
Strawherry Prices lwm
While the range averaged siightiy wenk
er in produciug sections, closing at $3.50@
4.25 per 24-pint erate, f. o. b. Louisiana
shipping points, values in Northerm mar
kets tended slightly upward, ranging $4.50
@5.00 per 24-pint crate. Alabama stock
sold at uoo,uo per 24-gquart crate, nnd
ranged 20@32c per quart in New York
‘l-‘lorldl Klondykes strengthened slightly,
ranging 46@46c in New York. Shipments,
194 cars; an lncrfi:‘m of {:
Hest frlflol *ou(h l‘um'lnn ARpArngun
ranged aooru.oo per dogen ih consuming
markets, with firm general tone. Califor
nla extra fancy ranged $50086.00 per
dogen, Colossal and other selocted stock
renching $9 in a few markets. Florida
celery continued barely steady in produc
ing sections, cloging nearly the same s
last week, at $6 008600 per crate, f. 0. b
shipping points. Chicago and other con
suming markets again advanced !5?90(',
ranging $6.60@7.50 per erate. Bhupments, b
cars; & decrease of 2 Californin Imperial
Valley lettuce was firm in producing sec
tions At $3.00@2 60 per crate, f. o b,
and Los Ann-‘u stock strengthened slight-
Iy, ranging $1.40@1.60 Imperjial Valley
stock in leading consuming markets wos
firm, closing at uoofvn 00, and Los An
geles stoek at $1.60@ 260, Bhipments, .HII‘
cars, compared with 242 last week and
166 a yoar ago. Movement of boxed apples
s light, with 54 cars, but barreled apples
continued in nearly steady volume, with
174 cars, a decrease of ¥ Orange ship
ments werg 1,209 cars; a decreass of B,
amcd grapefrult 82 conrs; o decrease of 14
Hhipments of apinnch were 212 osfs, ah
Ancrease of 1. Sweet potato shipments wore
38 cars, compared with 61 last week. String
beans increased n}\nh- sharply, with 9%
ears, compared with 26 last week. Cutun -
i'h\l‘l also Increased considerably, with &8
\unv compared with 41 lnst week.
e — S ——————————
‘R‘I‘AL MARET
N.l}V‘*V()it 4" Algfllfi'::»at'n&;wr wonk ;
Bpo . r 163 May, 14%®
tfm June‘ 1?50."‘\; J:fiy. u.‘ylsmr.».;
August, 158105, Beptember, 164 @ 106%,
Lead, uu-udl; spot 1%’(!& April, 4508
5,00, May, 4.80, bid; spelter, steady; apot
60086107 April and hny‘ «n\‘g’uwlm.
June, sn.n-z’r.,u; July, 60868620, Au
,ust, nm“o, B, Soptember, 6.10406.30;
ittsburg essvmer lron, 20.35, asked
ATLANTA COTTON SEED PRODUCTS,
U K Figed
tmfl%‘nnnw— Prices.
Crude 011, hasis ‘mma,. . 11
Cotton seed meal, p. ¢ commen. $65.00
Cotton seed meal, 7 p. o Georgia
common rate point. ... 65.00
gn“on woedd hulls, loowe, . . ........... 1600
otton seod hulls, sheked. . ... ... .. pominal
TAaters, clean mill run. ......c......8 467
=
I 1
NEW YORK, April 28.—The gvnural!
list fluctuated within a narrow range
at the opening of the stock market tos
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 X 9, American
Steel Foundries continued its upward
movement, advancing % to 97, and oth
er stesl 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 common sagged off partly be
cause of the lack of confirmation of
stories of aflvanced prices, ranging from
1004 to 99 3-8.
The Marine issues were in supply
again today, the common dropping 1
point to 37%, and theén rallying to 88%
The oil stocks Qnrv irregular, with
Royal Dutch of New York making a
gain of 1 point to above 93 Railway
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 'hs 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
‘g:un was recorded in Ajax Rubber,
which rose 7 points to 88, while Good
rich moved up 2% to 74. The shipping
isguce were somewhat héavy.
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 afser mov
ing up 2 points to 96%, declined to
95%. Philadelphia Company in the last
few minutes made a new high record
for the day of 40, an upturn of nearly
3 points. Losses of from Ito 3 points
from the early high were frequent in
the last hour. International Paper
closed at 63%: Reading 833 . Marine
i\refm‘rod 117; Mexican Petroleum 154%
| jethlehem Steel B 7%, and General
' Motors 179%.
The markte closed weak Govern
ment bonds unchanged: rallway and
other bonds weak
{ ATLANTA sEoURITIES. |
e A A AN A At
Bid [Askd.
Atluntic Steel Co., c0m........| 90 95
G 0 DI . i irius kil DB 95
At. Ice and Coal C0rp..........| 8 0
AWM. . Livasitines il TA 6
Atl. and W. P. Rai1r0ad.......[160 Uzg
Atlanta National 8ank........[385 |2O
Central Bk. and Trust C0rp....[148 [162
ro:rm National 8ank.........[3156 |330
Augusta and Sav. Railway.. .. .| 92 96
;xronmon Cotton Mills .......1185 |l9¢o
ulton National 8ank.........[120 [126
Empire Cotton Oil, common...] 60 63
BWL s st x% 95
Gate City Cotten Mills, .......J2
Ga. Ry, and Banking C0.......|243 |235
Ga. x.y. and Electric C 0....... lb‘\fi 105
9. LI OO . vin e isal Y ;Q
Georgln Ry. and Power, Ist ptd| 66 0
eD P i i anses l’ 15
0. ORISR 7oy csorneesy 10
Lowry National 8ank.........[220 235
Southwestern Railroad ........| 95 7
Third National Bank.... .....[2156 [2lB
Trust Company of Georgia....|276 I;O
At], Cons. Bt. Ry, 65..........1100 1103
Atl -Char. Airline 85.........,.5,10 |Basis
Atlanta 3%5, 1940.........../]| 4.4o|Basia
Atlantic Ice and Conl, 65.......] 93 "
Atlantic Bteel 88..............:.| 98 o
Ga. Railrond and Bank. C 0... .| 80 85
| NEW YORK CURB MARKET.
The market opened firm and closed ir
regular.
Aetna B 10% @ 10% 0% @ 100
etna xpl. . 1 1 0
Anglo-Am. Ol | 20‘&. 21% ll&fi‘ 2%
Barnett Oil . . .195 bid 195 bida
Cons, Coper . . 4%@ OBY Hfiz by
Cosden Ol .. . 0%: 10 9% 10
Curtis A"fl. %18 yl3 11 13
Houston Oil . . 96 9% 980 "
Indiana Pipe .104 gwl 104 @IOB
Intor Petei” . . 31'»8 32 01 3%
Lehi. Val, Coal 8 ‘l 80 86
Magma ~ . . . 2700 3 27 30
tMurcom v wita, AAW 4 4%
Meritt 01l . . . 32 @ 33% 30N @ 30%
Mlfiw«ul O . é !-M!% 101800 1%
Midwest rof. 160 @lsl 168 171
N. Am. Pulp 6% 7 T 4 7%
Ohlo Ofl . , 397 400 3907 400
Prairie O . 700 @7lO 700 71,
Sub. Boat . . 17% 18 165 @ 1
|!. O, N. Y. 388 192 K 8 192
2O N 4 .1 722 7 722
8 O Cal . 276 280 176 280
80, Ind .'l gl‘lt 156 g'lll
Union Tank 5 123 118 123
U, Moters . 46 49 16 349
Vie. OMI .. . by 65 % %
W. Martin .. 3% Y ihe 4
Cons. Ariz, .. 1% @ 316 I“& 1 316
Nu»luln&.,”., K 0 % 8%
B, and yo. Ol 44 48 < W 44
Glen Rock Ofl . 7% T 4% % %
I. Ol & Tpt. . 84 84 K 4 8
N W O ... 98 68 66 684
UBB. v % l& 2% 25
Bapulpp . . . 8% 8 84 8
DR i vsuini &b %o ‘“i
FVINANCIAL NEWS, |
Preliminary production figures of l':mr{
copper companies for March are approxi
mulbl‘: Utah 8,366,000 pounds; Chino, 3,
770,000; Nevada, 3.650,000; Ray, :.nz,ooo,‘
. -
Central Pennsylvania miners planning to
ssk for higher wages ‘
.
Conferences between the Railroad Ade
ministration and the Industrial Board over
steel prices to be resumed shortly, ‘
5 20 |
Agricultural exports of United Rtates
during March totaled $296.007 366 -an in
croase of $37.900,000 in A year
The average price of 20 ralls, 84.51, up
LO9; 20 industrials, 92.24, up 0N
.6
Chine Copper earned $4.40 o share in
1918, compared with $10.93 in 19017,
. * -
Wall Street says: “Several things occurs
red to stay the wild buying rush Techni«
ol conditions threatened to become un
sound by headless buying Councll of
Four seems to have struck a stone wall in
the Adrintie question and indioations
point te delay ih settlement of wsteel
prices."’
STOCK MARKET OPINIONS,
Thomeon, McKinnen & Co.: “For the
pust month we have heen told of good buy
ing In Marine stocks. Of course there s
no way of .onnm.lh: rfim namen*
Harris, Winthrop & Ce.—"'ln automohile
trade circles It I 8 stated mergor of Max
well and Chalmers Companies has been
wccomplished. A meeting of Maxwell di«
rectors was held Inte Tuesday but no In
formution as to just what progress had
heen made was fortheoming WwWhen the
meeting was over”
ST, LOUIS LIVE STOCK MARKET,
HT. LOUILS, April 23,—Cattle: Recelpts
4.000; market steady; native bheef steers,
11,6000 18.60; yearling ®teers and heifors,
0.006016.00, cows, 10650601360, stockers
and feedors, 10.006213.60; calves, 7.70@
17.60; Texas steers, 10.006018.00; prime
Bouthern steors, 70040156 00, boef cows and
heifery, 6 604 8,00,
MHoge: Reeeipta 15,600, market llnmty;
mixed, 20 anzjfl 06, mood, 20.90@21.00;
rongh, 1600401050, tights 20 304020.95;
'.Mn. 1h.00@019.25; bulk, 20 254p20.05
Shesp: RNeeceipts 2.200: market steady;
tawon, 1300 14.50; choppors and canners,
CABO@ 100, tranbl, 200008020 25,
§IN RISING YALUES OF BONDS %
WW‘WWMNW,.
Do you recall when the 4 per cent United States Government bounds
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.
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
oni¢c wars were ending. England had gone
through a desperate struggle with the
Freneh imperialist. During those strug
gles the prices of English consols, 3 per
cent bonds, ranged from the hl*: mark,
67%, to 64%. the low mark, at was
in the yvear 1814. In 1824, ten years later,
the ?uotniom ranged from no{. the low,
to 8 '!“ the high for the year.
In this same period the French honds
were undergoing about the same fluctu
ations. The French 6 per cent ‘‘rentes”
rose from 80, the high in 1814, to 104.8
in 1824. They had fallen as low as 46
in the despaiving days of 1814.
Our Civil War Bends
During the Civil War in America, 1861
to 1865, the Government issued many
bonds. During these four years the bonds
sold as low as 83, The low figure of §3
was reached in 1861, when the Union
geemed to be breaking up forever. But that
year the highest figure was $53%.
From 1861 on through the war the bond
values steadily rose. They had a prac
tically steady rise on through the war un
til the panic of 1873, when they stood at
}fia high, with the low for that year at
In 1864 the American Goverpment is
sued the 1-40-yenr bonds, and h?tun years
these rose from 103% to 116%.
Interesting Swatisties
The following tables, prepared by the
Guaranty Trust Company of New York,
from the financial records of this and
other countries,’ will give the figures on
'which the opinion that Liberty bonds wili
irtm- in value, is based:
English Consels During the Napoleenic
Wars.
Year 2 High. Low.
IR svvel sk o G‘Th b 4 1%
Mi i et T fili\:
‘lBlO sesesarinnsrnevinenes 06% b
MY i icuitriinaieic IR 62
PR Laciisieveckiiisiiani BB 73
TIAY" Fuas b b iintiNne TS 64
SR2O woviivinnrirniverninay TRE 66
| PR e | 68
IR .oy coinieniisnckann B 8 0%
IR i M nsisniininine BN 12
IROE is i D 4%
- - -
French Rentes in Napoleonic Wars.
Year High. Low.
W vt e R 45
88 it ek 52.3 |
MM it i B 543
T ks s 55.5
B L so ek BB 60
llll!“.... sa ks shrns e hne: TED 64.85
IO .l i, TR 70.1
BIBE . iiiiii i DR 73.78
SOEE v i it srnhsnnn s 83.15
BREE s i cniviives ot o TN 75.6
MBS iiiniaiaohias eTN vl
. 8"
French Rentes in Franco-Prussian War.
Year High. Low.
BREE i ie TR 50.8
BREE i e aidhy SRS 60,45
BEEE i is st nans dr RS 52.4
BUER Gl i uniiecisan BRS 53.2%
SEEE .. il s A 57.8
SO iiik e BEDE 61.6
BUEE iil s shiivacaies XS 65
BEFY: 50i i icennnnsas i TR 66.10
ERRR sieisevees iPk TRIE 69.95
BREE 5 osihiivive i veie DD 76.3
W doiiiivein ikl i si.l
S ‘
United States Bouds in the Civil War,
Year . Hlih‘ Low.
1861 9& 83
BEE Viiciieisianerhiies e 874
1563 tisiasvisbenstadunie RN %
WBS ik T 102 i
u::g 1:3% ;tz:‘
1 sy v winigibisins Ko vuis s BEBRE ‘
BIBT L ivt seen RN 106}:
186 K Ehest s enaseat ei v NIDAS 108
URE isiivaiib iia Rl 106
B .o i 118%
1872 R e e kR A
MIE i s rehiiia e S luai
N g
Year High. Low.
Ten amd Forty United States Bonds.
1864 Shcrciisissansnivne DA 9e
8008 ei e R 9%
1866 s basug v siosn et an - SRBN 90
BT o ive il s e 7Y%
SR il il 100 %
1868 curanspainserunn es h s 2RO 106
BB ol v iile 104%
I}H Fixsannssabonesarnuraini 107
I i iuna e 106 %
1873 Lik shniian i aRN 1034
The figures tell the tale. What finan- |
cial history hes done in all the .raat}
modern wars, and follovnnf these wars,
it is mighty likely to do in the future.
Bankers' prophesies are not just so many
fool guesses, so much (-miny taik.
Mail {)rdm Filled Promptly If ETAOIN S
They meke pradielions Tese
When they make predietions d upon
the figures just qlunh-d. ani olthers drawn
from financial history, lh:{ are nlunlin’
with kuewn qunntiti.s he Nistory o
hond rises during ev h of the wars mone
tionad, and afler tnese ware, has been
very similar,
Here, too, (s another fact that must be
taken into consideration in prophesying
the future values of the various Liberty
Bond issues. Our loans made in European
countries will be paying us an annual in
come in interest, amounting to $430,000,000,
Just now pfall money I 8 ranging nay
where from b to 5% and 6 per cent. After
the Victery lLoan, the last of the Liberty
Loans, 18 sold and distributed, after it has
been paid for in full by the investor,
there will be a return to the old interest
charges on money, Money will return to
the old 88 and 4 per cent basis, according
to the financial experts. eh 25
Then the investors all over the world
will go out hunlnfl for gllt-edged bonds.
They will be lho“fll for the r:ht kind
of investments, ey will be looking for
something to buy.
When that time arrives the (Lberty Bond
issue will increase in value for there will
be nothing better in the world, from the
standpoint of a f»rmnncni luvnumfin. in
sect it is very doubtful if there will be
ulnytmul that will come nigh to equaling
them.
The man whg holds a Victory note
(shortsterm bond) or any one of the Lib
erty Monds, at that time will have some
thing that every investor will want and
be willing to pay a price for. But the wise
man will not want to sell it. He will want
to hold firmly to it in order to have the
steady, high rate of interest and that
absolue safety on his investments,
Last Chance to Lond l»t.
The man who loads up wit Victory
Bonds 15 wise, in the best finanolal sense
of the word, It is the last chance to load
up, the last opportunity to buy a high
interest war loan bond.
There ure a groat many evidences even
now that the nation is beginning itsifinans
clal recovery. Abnormal war contlitions
are vanishing day by day It has been
noted from month te month that there
Is an increase in bank balances at finan
cinl centers, & tendency toward lower
rates of money, u lessening of the amount
of paper held by Federal Reserve and
member banks, an inflow of gold coin and
gold certificates into the banks, indieats
ng o groater confidence in the financial
situation and a decline in the smount of
Federal Reserve notes outstanding. All
these are favorable signs whose signifis
cance should not e overlooked,
There 1s still another ndvantage that the
United States has now, at the close of
the confliet. We have a very small {nr
capita debt, smaller than that of any oths
er first-class power exeept Japan. The
entire indebteduess of the United States
amounts to siightly niore than 7 per cent
of itk estimated wealli and is only $l7O
per capita.
Comparable With Other Countries,
On the other hand censider the case of
Great Britain which has acemmulated a
debt of 443 per cent of her national
wealth, nmounfln{ 1o $360 for every man,
woman and child in her ;;ouulntum. Franee
owes 41.25 per cent o her estimated
wealth, or $296,.90 r-r head. Austria owes
£4.668 per cent of all her wealth and
$242.90 per head.
Germany, exclusive of her Ninth War
Loan, on which aceurate returns were
‘ BANK CLOSING NOTICE,
Saturday, April 26, "Memorial Day,*
is a legal imllduy. The bunks come
posing the Atlanta Clearing House
Association will be eclosed for busi
ness on that day.
| DARWIN (. JONES,
| Mnmm;r and Necrotary,
W. J. BLALOCK, President,
~- Advertisement.
.
Victory Loan
bankers and investment houses
are focusing their attention on
the launching of the Victory Loan,
with the sole purpose in mind of
obtaining subscriptions to the full
amount of the quota of the Fed
eral Reserve District of Atlanta.
The machinery and working forces
are well equipped for a strong
start,
During the flotation of the Gov
enrment offering little attention
will be given over to industrial and
corporation bonds, the time and
efforts of bond houses being de
voted exclusively to the Vietory
Loan.
R A S
' Financial Sunshine '
§ 3
; r'imancial dunsihme ;.
§ Sales of Victory Liberty Loan ¢
gnotes in New York Tuesday ag
3grogltod $23,630,000, bringing the
) grand total to 96,200,560.
B et e
3
never made, owes 38.7 per cent of all she
is worth and has a debt of $305.90 per
capita Of course these figures for Ger
many and Austria do not take into con
sideration whatever indemnities in the
way of reparation are laid upen these
countries.
All this places the United States in a
strong position and naturally adds value
to the Liberty Bonds, Victory notes, and
other securities of the Govermment.
The United States is right now the great«
est banking power in the world—possesses
the greatest banking strength any nuiol:
has ever known. It has such a reserve o
money as no other people ever accumulat
ed. Its power increased something like 60
per cent during the war, as compared with
# 156 per cent increase in the four years
preceding the year of 1914,
This makes the Liberty Loan of the Fifth
or Victory issue one of the strongest prop
ositions that has ever been put before a
nation with money to invest. The concern
back ofy that loan, the United States Gove
ernment, was never stronger, financially
than it is today and that strength is the
combined srength of the wealth of all its
l people. ‘
NEW YORK PRODUCE MARKET.
NEW YORK, April 23.—Petroleum firmg
crude Pennsylvania, 4.00.
Turpentine steady, 78078&3.
Hosin easy, commen, 1260,
Wool unchanged,
Hides dull. Native steers, 27% @28%3%
branded wteers, 251 @26 %,
Coffee firm; options opemed 8 to 18
points higher; Rio No. 7 on #spot 17%.
Rice quiet; domestic, 88 @lO%,
Molusses dull; New Orleans open kettie,
T-I?yx'.', black strap, 12@17.
‘otatoes firm; nearby white, 3.60@86.00;
Bermudas, 8.00@14.00; Southern sweets,
5.00@11.00.
Beans steady; marrow choice, 11.75; pea
choice, 7.60@7.75; red kidney cholce, 12.25.
Dried fruits firm; apricots, choice to
fancy, 26@28; apples, evaporated, .g:.lmc
to fancy, 17% @l9 ; prunes, 30s to 18
@20% ; prunes, 60s to 1008, 10%@17;
peaches, ehoice to fancy, 151’21; sceded
raising, gcholce tp fancy, 10% @lB.
ATLANTA PROVISION MARKET.
(Corrected by the White Provision Ce.)
(United States Food Administration Lics
ense No. G.-21371.)
Cornfield hams, 10~12 average....... 3444
Cornfield hams, 12-14 lvern‘a‘...... 34
Cornfield skinned hama, 16-19......, 3}
Cornticld picnic hams, 6-8.......... 20
Cornfield breakfast bac0n.........., 41
Cornfield sliced bacon, 1-Ib. boxes, 12
10 0880 .vivivibissinsiriiscisciii il
Grocers’ bacon, wide or narrow,...., 38
Coraficld pork sausage, fresh lMak or
BRI éooorvnidecevaizsisissbrsnsins N
Cornfisld wieners in 10-Ib. cartons.,. 28
Cornfield wieners in 12-Ib, kits in
PIOMI® sisvriivave siviirsnsitiin RN fl
Cornfield bologna sausage in “."l'lw’
DOROB husvass spsvsnansssabicnbiid i
Cornfield smoked link saueage, in 26-
ID, DOROE . i.iepiviviiasrisviniinse R
Grandinother's pure leaf lard, tierce
basis ... rabßarEsilt o aas (L g; g
Country style pure lard, tierce basis.
Compound ll"ir tierce ba5i5......... 24"
D, B OXAPB FID. . 2ivvos i svnninn i g
D, B bellles, modium AVErage. .. ceees {
|l) B. bellies, light average... ... .ecss 3% P
THE WEATHER S
WASHINGTON, April 23—Generally fair
weather will prevail throughout the Soutls o
tonight and Thursday, with not muech
change in temperature, s 3
Forecast by Stutes "
Georgia, Alsbama, Min\uiprl and Mor«
ida: Fair tonight and Thu ay. o
North Carolina: Fair tonight and Thurs
day; warmer tonight in central portion,
Bouth Carolina: Generally fair tonight =
and Thureday, o iy
Tennesseo: Falr tonight and Thursdays;
slightly warmer tonight In northeast por-‘
tion; cooler Thursday in northwest pors
tion, ;
e e ——— e e e e e
SPECIAL NOTICE. !
NOTICE TO PAVING CONTRACTORS. ¥
B¢ will be received until 11 o’clock &. |
m,, werll 26, ly{ the undersigned for pa«
ing gutters and other incidental work on
East Pace's Ferry road from Peachtree
rond to Pledmont avenue, For further In
formation apply to i &
O, M. HOLLAND,
Purchasing Agent, Fulton County, ¥
Adv 507 Court House, City j
O* &N
w |
EXYIT s
N2y vass”
Om Corvenpondent Offiom
n 47 COities e working
w 0 facilitate the smecess of the
Vicronr Liswery Loax.
Corvvaponiont Ofices sm @ Civte,
Atlanta—4o Edgewood Ave
Telephone—7s4l lvy