Newspaper Page Text
“Shipping Board Places Surcharge of 25 Cents Per 100 Pounds on Cotton From Atlantic and Gulf Ports to England
COTTON BOOMS TO NEW HiGH
RECORDS FOR MOVEMENT,
: By VICTOR BARRON.
Atlanta bank clearings Wednesday ... ... ... ....$8,469,209.26
B oy, .. .. 1,485,790.79
.o e U
B ek YL 7,209,142.77
B T, N 4,550,873.85
. * * *
thlanta Spot cotton Wednesday..... ... ... ... .. .. 28.40 c
BA It weak ... .. ... i e
IR BT . .. ... b B
B I ST, .. s N T
s » *
Atlanta cotton statement W ednesday:
: 1919. Last Week. 1918. 1917.
Receipts .......... 1495 416 193 666
Shipments ......... 936 761 816 1,167
Btocks ............27,098 26,182 44,601 75,869
~ 1000 2,400
- - * i
(By International News Service.) ‘
WASHINGTON, April 23.—Effectivev at noon today an order was
issued this afternoon hy J. H. Rossetter, chief of operations of the tClp
ping board, establishing a surcharge of 25 cents per 100 poundson
cotton from Atlantic and Gulf ports for London and Liverpool. Th," ‘
action was taken in view of the serious delays at those two ports in
Y discharging cotton ships. The surcharge was made in lieu of demur
rage and will continue in effect unti! discharged conditions improve, it |
was stated. Charge will not be made on bookings made prior to noon
today.
* * *
Cotton exhibited a reactionary tendency during the early trading
' Wednesday, with business more or less light and confined to professionals.
Liverpool failed to meet the full advance due. This, together with favor-
- able weather and fear that final peace settlement might}
be delayed, encouraged further realizing and pressure
from the bears' rank for a reaction. First prices on the
' New York exchange were 17 to 34 points down on new
contracts and 10 to 28 points lower on old style. Liver
- pool turned 2 seller after the call, which was followed
by offerings from Southern interests and commission
houses. Offerings were not as rapidly absorbed as on
Tuesday, the old bull crowd apparently desiring to
await a further reaction before enlarging their lines, or
replacing soldout lines. Nevertheless, the market holds
remarkably strong in view of the recent advance of
nearly 5 cents a pound—October rising from 20 cents‘
to 24.85 during the interval of from March 31 to Mon
day, last, without noticeable interruption. ;
Under this pressure new contracts receded 40 to
50 points before the noon hour, with May dipping to
27.02, July 25.70, October 24.10 and December 23.65.
Futures at New Orleans reacted 20 to 47 points, with
distant options showing most weakness. - o
O A S
pri R T
& o R
o p
PN 3
e T P
e - ;
RO e
i W S
G &
- 3:
| >
et O
SRR T IEEIDIPNN SN
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 cent,
with new May contracts at New York jumping from a low of 27.02 to 27.87,
while July boomed from 25.62 to 26.50 and October from 24.05 to 24.96..
Just 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.
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 2% cents. July reached
1.61 3-8, and September 158, or 2%
to 4 cents up, respectively.
Oats started with a scarcity of of
ferings and fairly active commission
.hl\use buying. First prices were at
gainsg of 3-8 to lec. Trade was only
moderately active, being restricted by
lack of selling. Before noon the list
stood: 7-8 to 1 3-8 cents higher.
First priced in provisions were sharply
higher with scattered buying inspired
by strength in grains and the advance
in hog prices,
Corn made new high records during the
final hour, with May rising to 1.68% ; July
1.62%, and September 1.69%, the ldtter
showing a net gain of 53 cents. The close
was 3y to bl cents up
Oats closed % to 1% cents higher.
«Provisions closed higher
Grain guotations:
Prev.
Open. High Low,. Cloese, Close,
CORN-
May 1656% 1.68% 1.66% 1.68 1.64%
July 1.68% 1627 1.58% 1.62% 1.68%
Sept. 1.65 1.59% 156 1.69% 1.54
OATS—
May 1% 72 Ti% 1% M
July 708 1% 704 1% 70%
Hqept. 67% 69 67% 69 67%
¥ PORK —
Mhy 63,26 65133 58.16 83.156 62.60
July 50.10 0. 35 50.10 50.36 49 90
LARD— .
May 20,90 31.00 30.80 30.87 30.65
July 29.99 30.00 29.86 29.87 29.70
IS
Y Mny 20,66 2877 2866 2870 2850
July 27.50 27.50 . 27,40 2742 27.30
iR
in?
So Thin?
It is not becoming——nor
safe for your health. Add
flesh to your bones and roses to your
1 cheeks by drinking a glass of this
{elicious digestant with each meal. '
Shivar Ale
PURE DIGESTIVE AROMATICS WITH
SHIVARGMINERAL WATER AND GINGER
+ "Phone your grocer or druggist for
* & “dozen hottles. Satisfaction guar
anteed or your money refunded on
first dozen used.
Bottled and guaranteed by the cele
brated Shivar Mineral Spring, Shel
ton, S. C. If vour regular dealer
eannot supply you telephone
: McCORD STEWART €O,
Distributors for Atlauta,
:' Pr;ll()wfng is the weekly weather
and crop report, by States:
TEXAS-—The weather was favor
able for planting and cultivation, but
too cool for normal growth. Cotton
planting is making very good prog
ress, but warmer weather and mod
erate rains are needed for germina
tion. The progress of early planted
is poor because of cool nights.
OKLAHOMA—The | clear, dry
weather was favorable for progress
in plowing and planting. The high
winds and low temperatures were
detrimental to all crops.- Frost in tha‘
early part of the week caused no ma
terial damage to truck and fruit. Cot-J
‘ton planting is under way in the
southern portion.
.~ GEORGlA—Moderate rains on the
15th were favorable, but the subse
quent low temperatures caused slow
!germinauon 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 grewth is very
poor on account of unseasonably low
t 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.
Planting cotton is making rapid prog
ress.
ARKANSAS-—The light rains were
t\'ery favorable for planting cotton
and work is ahead in the northwest,
lbut. badly behind in the southeast on
account of rather wet soil, The germ
[inmlon of cotton was retarded by
cold nights, but warmer weather hte
}mst few days was favorable,
. NORTH CAROLINA-—Cotton made
’Hn.tisf:u:tory progress, Planting con
‘tinnes in the south and has started
ine:xrly to the northern border coun
ties,
SOUTH CAROLINA—The nights
were too cool for best growth, with
#light frost damage to tender vegeta
tion upstate on the 18th and 19th.
Recent rains were very beneficial to
winter wheat, Germination and stands
are satisfactory northward over the
Jower Piedmont, though lacking in
vigor because of low temperatures,
| FLORIDA-—Early cotion and most
of the corn has beq worked. But
these crops made [Ar progress on
account of the unseas y\iably low tem
peratures, but the mcy'erate rains in
the northern and ceftral portions
were beneficial,
. LOUISIANA-The planting of cot
ton continues, but wus considerably
retarded by hedvy rains on the 10th,
except in the south central portion,
where the rains were light,
) CHICAGO LIVE STOC KMARKET
By U, 8 Bureau of Markets
. CHICAGQ, April 23--Hogs-—Estimated
receipts, 17,000, Market, strong, 10¢ high
er. Bulk, 20.80@21.00; top, 21.10; butch
er hogs—Heavy, 20.86@21.10, Packing
hogs: uoa\-{, 20.70@21.06; medium an
mixed, 19.00@20.50; light, ao.zaazwo;
pigs, 17.0019\9.25; roughs, 13.85?19.75‘
Oattle—Estimated receipts, 8500, Mar
ket, slow. Beef cattle: Good cholce, 17.90
4 20.40; medium and common, 14,00?
18,00, Butcher stock: Heifers, 8.36@16.75;
cows, 8.00@156.60; canners and cutters, 6.40
4010 60; stockers and feeders, good choice,
10.506016.00; common and medium, 8,753
17‘..;73; veal calves, good choice, 1300
14.50.
Sheep-—Estimated receipts, 15,000, Mar
ket, slow. Shorn lambs, choice and prime,
17.75@19.60; medium and good, 17.60
frae; urine labn Eant 00, 10t
1.00; ewes, chojce, prime, 11, B 0
medium and good, 6.03@11,75. :
gt MARKETS AND FINANCIAL
NEW YORK, April 23.—P00r cables
from the English market, a favorable
weather mag and prospects for a rather
bearish ‘weekly weather rfimrt were re
sponsible for a decline of to 34 points
at the opening of the cotton market
today. Later ?rlcu were steady on
trale bu{lnz, with general business less
active, but .again weakened on in
craesed offerings, new contracts show
ing a net decline of 27 to 44 Polnta at
the end of the first thirty minutes of
trading.
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 forenoon, causlnF 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 orildy 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
.5;1!9)& jumped to 26.50 and October to
At the close the market was steady,
with oid contracts 25 to 34 points high
er and ‘new options 15 to 34 points
higher.
Spot cotton was quoted 25 points
higher at 28.75.
NEW YORK COTTON.
Old_ Centracts.
10ven. [High .| tow ii.saio “loss (Pre.Closs
May 1‘.’fi.fl1\1:’fi.50.25.90'2&49126,35 fzs.m
Jly 125.56126.00125.13/26.00{25.98-26{26.65
Oct !23.45{24.00}23.(5|24.00 24,07 123.73
Pre i Boalaiaduia g | BT
Jan ?,...1....1,...!.,..1‘}_Q_,0’T 123,78
e N L
____|Oven.[High.! Low. [L.Sale| Close. |Prv.Close.
May [27.356/27.87|27.02/27.75/27.75 127.62-54
.T\xly ]25,9!"%26.50!25.!32’26.39 26.38-40126.10-13
Oct [24.25/24,96/24.05/24.88(24.87-88(24.653-55
Dec [23.67124.50123.65]24.40|24.40-45/24.06-07
Jan [23.45/24.00/23.30124,00]24.10-15/23.78-81
A\j_t'_)‘i_r!}j_f.’ri!:.‘:‘g:\:’»’l‘3.lo!234K:’»‘23.7s‘Bo 23.60
Closed steady.
NEW CRLEANS COTTON.
Old Contracts.
10pen | High .| Low. [L.Sale Close. |Prv.Close
May [26.50126.50/26.50]126.50/26.56 [26.50-60
Jly izsr4«_-"15.40?25.40!25440‘:5;;9 125.10
ey 00l ic it o e T IRa RS
Oeo l. .t bo 0 Ja%36 laves
eNS Cenbaehe.
[Open. [High.| Low. [L.Sale| Close. [Prv.Close.
May |26.50/27.07/26.20/27.00/27.00 |26.45-50
Jly 125.20125.93{25,03125.82(25.79-82/256.49-43
Oct 123,50/24.23]23.30/24.07]24.05-09]23.74-76
Dec 12316(23.94/23.00/23.80{23.80 123,47
Jan 122.84!2333’23.84i'_’3.33‘23.45 |23.18-20
Mob ... b Lo asee lsant
Closed steady.
LIVERPOOL COTTON.
LIVERPOOL, April 23-—Cotton futures
opened quiet. Spot cotton was in fair de
mand today. Prices, firm; sales 7.000
bales. American middling, fair, 19.78;
good middling, 18.35; middling, 17.44; low
middling, 15.99; good ordinary, -4.34; ordi-
Futures open=d steady.
Prev
Open. 2 p.m. Close. ('lose.
AR .o o 0 ~ 1800 10,34 18.00 1801
MBY .. .o v -10.7¢ 16.58' 16.40 1654
JUBe .. .. .. 3043 1838 31610 1013
FRIY. e o wa . 28.18 1800 1598 1099
August .. ~ .. 15985 1681 15.64 15.76
Saptember .. .. 15.59 15.41 1529 15.39
| Closed steady.
» A ———
| EPOT COTTON. l
_ Atlanta Commercial Exchange gquotes
‘basis good middling, 28.40; sales Tuesday
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, 261,
Wilmington, middling, 26%. f
Norfolk, middling, 26 ; 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, 263
Montgomery, middling, 26.63
COTTON BIDS TO LIVERPOOL.
New York 11:00 a. m. bids to Liverpool
were!:
Geli e o e O o_l;_3
MRV o L Lol i s ddRTBOIRS 00
MERE L i A e IRRENITE D
Dctober .. .. .. .. sc ve as -.124.32].....
New Orleans 10 a. m. bids te Liverpool
..
e [ New | Old
MY L e e i IBTSR A 0
S i i s nar s A F e S ELROURSS
October.. .. .. .. .. .. .. ..133.89).....
COTTON PORT RECEIUTS.
The following table shows receipts at the
ports today compared with the same day
last year:
| 1919.] 1918.
New Orleans ...............] 4,084] 3,904
CPIVEIEON . . v oniniai sis i 3 8001 AN
Mobile i heensanadnvaninil | TORRGS 4 b
Savannah crrerrsinaanninnnd 1,794 1,98.§
Charleston i iRI AT A 6
Wilmington Seersassaneyves 88| 211
Norfolk il cinisiasatiinirrel 10001 117
How Fork .. iicnisiidii)aat MO
BOMOR oo ccinvinevennnionnt 76 268
Philadelphia Cambserhg . ‘___‘Lr.‘.‘._”;-_.__'u
UL vienives e JIRTRIL TN
INTERIOR MOVEMENT.
eLL AN LN
BOURER .. iii. ik woy siva 5.319‘ 2,004
ANCWIER .. i v e il 3308 127
Mampßis .- .. oo owioeaoss] 3,010 8,428
Bt. Louls . e D lEn:Qi 5,219
CINOINNeR! .. i sh «s 4 s} iy 368
Tattin Boul 000 ooae, 00 SOL 34D
Teal . . oo oo oo .. ..111,705] 4,389
SEMI-WEEKLY COTTON MOVEMENT.
iony. | iOIB- 19617
Receipts ...... ‘ 40,873] 36,030, 25,269
Shipments ... 48,187| 44,796] 89,062
Btocks ........|1,071,864] 851,000{ 721,408
COTTON NOTES,
Press advices from Parls say a special
meeting of the Supreme HEconomic Council
will be held Wednesday to try to reach a
decision on the question of permitting a
Hm:!&l supply of cotton and other raw mt
toriald to enter Germany. Should this oc
cur, it will naturally be bullish,
* - .
Dry Goods prices are running away in
a bullish direction Last report says:
“Sheetings advanced from 1% to 1% cents
per yard.”
- - *
Liverpool futurcs opened 12 points high
er, against 22 to 20 bhigher due. Bpot
sales 7,000 bales
s * * *
“ Wavorable weather map shows cloudy
in Texas; fair over rest of the belt; warm
er, no raim.
CHICAGO CASH GRAIN,
CHICAGO, Aprll 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, 1.65; No, 2
yellow, 1.70; No. 3 yellow, 1.66; No. 4
vellow, 1.64@1.65, 5
Oats—No. 2 mixed, 70; No. 2 white
731,?; No. 3 white, Tl%@ 72141& No. 4
white, 708;; standard, 72% @73
T
CHICAGO CAR LOTS
CHICAGO, April 23.-Folowing are re
ceipts today:
BUBORE . o s v i dhove NA e 3
CSOPR i 4a ive sy sew e 0w bu as -4D
BUBD s s vioan is s oke as adT 00
BOBNE o 0 ad Ge ke W se e we eV es 7
AMERICA’S EXPORTS IN MARCH
'WERE MORE THAN $600,000,000
WASHINGTON, April 23.—Americac’s exports for the month of
March were valued a' $604,912,288, as compared with $5522,900,238
for t‘e s{me menth in 1918, the Department of Commercee announced
teday. Imports for the same monht totaled $267,5838,009, against $242,-
162,017 in 1918. The largest increase in exports was i» raw materials
for masufacturing purposes, which jumped from $66,093,630 in March,
1918, to $101,197,253 in 1919.
New York Stock Quotations
Market closed weal%B
Total stock sales 1,682,800 s hares.
Total bond sales $12,185,000.
I | | Last |Prev.
[Highl|Low{Sule i‘lose 1
Allis-Chalmers . .| 38%| 38 38 381,
o el . . ) el i M
Amn., Zine . . ... .| 14%]| 14%| 1435 139
Ama. Arri. ..o 811 10 110 111 N
Amn, B, Sugar . I TT%| 6% T6%| 76
Amn. Can . . .....| 83%| b2%| 62i4[ 52%
Amn. Car Fdry. . .| 9635] 95 9614 9435
Amu. Cot, Ol ~ .} B 8 57%| 67%)] 67%
Amn. Looo. ..., 0412 TO% 71 10
i dosprelrir.‘.. i 7% i.%i..’..1m‘ w
mn. Smelting . .| 3% Tl%} 2% ° 4
QO. Pref. .s.co sl ksl sosil sen iGN
Amn. Steel Fdrs. . .| 97 Ydou] Vo, »
Amn. Sugar Ref. . .)J130%(129 [1309%|128
Amn, T. and T. . .[1043%(103 [lO3 [103%
Amn. Woolen . .| 69l 68%] 69%| 6814
Amn., Linseed . .| 543 | 5408;| 64% | 84%
B 0 PrOE . . o) tiovf wendd cenil B
At. G. and W. L. . .J 137 [135 (135 [136%
Amn. H. and L. . .) 27%| 26%| 27%]| 26
do pref. . .....}110%{109 083 108%
Amn. Int. Corp. . .| 87%| 86% Ifld 86 %
Amun. T0b.,......i.... siénl i el 89
Amn. Sum. Tob. . (109 |107% [108%{109
Amn. Ice . ..... .| 50| 49%| 48% | 49%
Assoc. Dry Goods ..} 43% |42 42 43%
AN W, RN . f i il sb iR
Alloy Steel ..... .| 46%| 46 46 45%,
Alnaßn Qe . L ] i) iiai] s 3N
VETTRR Y o i I 613,| 6234| 6135
Atchison . . .....| 93%| 92%| 92%| 92%
do peet . . 3 5l b
Nt Const LAM . 3 . .sa) s st 3T
Baldwin Loco. . .| 92%] 90%| 913%] 92
Bal. and Ohio . .| 47%| 46%]| 47%| 46%
booth Fisheries . .| 241§ 22%| 22| 22%
Both. Btas poef. . .1 o 8 s i iOOR
Beth. Steel B . .} 77%| 756%| 76%| 76%
Break. BT ... 4R 21 21 213
Butte Superior . .| 22%} 22 221451 21
Cal. Petroleum . .| 2931 29%] 29% 28:2
Can. Pacific . .....[160%|160%|160%|160
Ches, and Ohio . .| 61| 608) 60% |6l
C. and N. W. , .§ M¥| ¥ 84 9415
Col. F, and d. . ...| 44%]| 43%| 44% | 43%
C., M. and St. P. . .| 38 | 373 37%| 37
do pref. . .....| 68%| 67%:| 67| 67%
Chino Copper . .| 37%/| 36%]| 36%| 36%
Consol, Gas . .....) 9434 9414 | 943} 931§
Corn Products . .) 633%| 62%| 6235| 63%
Crucible Steel . .| 69%| 683| 68| 69
Cubsn A. Bugar . .} 00l sosil i IBD
Cuban C. Sugar . ‘ 2914 | 285;| 285;| 2584
do prel, | o ial acd sl TR
Cast Bon Pipe - J . ) isad s B
Central Leather . .} 81% 80& 81 81%
Chile Copper .... .| 243%] 23 24%)| 23%
Chandier Motor . . «...} oo oo 43400
Coluhbin. Gas o .o d ol il B
Corre-de-Pasco . . vl suidd +iei] GBS
Cont. Camn ...\ ...l 4! .1 N 1 78
Del. and Hud, . . l sonil ues) BB
it Becuritien . ) (..] i ieiid I 8
e oLy s o B P 16%| 16%
do pref. Ist ..' 28 28 28 271%
General Electric . .[{161%[160%]160% (1615
General Motors . .ilm} 178141180 [179%
Goodrich Rubber ..| 74 12'{2‘ 73 718
(it. Nor. pret. . .| 92%%] 81%] 92%] 911
Gt. Nor. Ore . .....| 45615| 44 t 4(% 4415
b, Westersy .. . al sovdd svne) el TR
8o pret. . o wt i sal s nentte g
Gast Wis. &w. o 38 |8 | sl] )
Ges, Uig. Stores . .) 69%] 6831 69%4] ..
D Ceun , ..., ‘II u?.
Inspir. Copper . .| 61 | 49%]| 60%| 49%
merbore . . ..o 3% 3%‘ 3% 3%
G 0 prer. o oo i) i) i A 0
Ind. Alcohol .... .[163%|-47%[150 [149%
Int. Nickel . .....} 281%] 27| 27%] 28%
Kelly-Spg. . .....|126%(124%]1256 [126%
et RaNer . L i d R
Kan. City Sou. . .| 23%] 23 23 23%
: B 0 PreL. . ..oaif Vil ciid) wsiel BB
Kan. and Texas .| 10%| 9%| 9% s
do pref. . . .{ 18%% 17%‘ 173 16
Rennecott . . .....] 3%l 3ai¢| 33| 32%
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 16 to 21, inclusive). lssued
b‘rtlhe U. 8. Bureau of Markets:
ces Tend Higher, Shipments Mederate
Markets have tended generally upward
throughout April. The past week most
lines advanced in price and there were
very few important declines. Potatoes,
cabbage and onions made distinct guins.
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 7,245 last week and 6,900 a year ;,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.
Upward Trend in Potatoes.
Following last week's recessions the
markets again became strong, with sharp
advances, especially in the Kast, New York
rom'ljd whites, in bulk, closed at top of
$2.650@2.62 per ewt., f. o b. shipping
points; a gain of 50@60c, and relatively
higher than prineipal consumin markets
for this stock, which closed at %2.36@2.60.
Backed Maine Green Mountains made
equally sharp gains, reaching 52.65@2.78.
f. 0. b. in preducing sections, and cosm?
$2.65@2.95 in New York and Boston. No.
northern sacked white stock rese 30c¢ in
Chicago carlot market, closing at $2.15@
2.26 per cwt. Colorado No. 1 sacked white
stock gained 10@26c, closing at $1.70@
1.85, f. o. b, Greeley, but declined slixhtldv
in exas carlot markets, at $2.30@2.50.
Trackside sales by growers ih Northern and
Western producing sections advanced gen.
erally, ranging from $1.30 in Idaho, to
$1.86 in Michigan. Northwestern sacked
Burbanks ranged $1.76@1.86, f. o."b. canh
in producing sections. Shipments decreased
about one-third, owing to lessening reserve
stock and to bad conditions of reoads in
many sections, Total was 2,353 cars, com
pared with 3,281 last week and 2,656 for
the corresponding week last year, Shipe
ment of new potatoes were 180 cars, com
pared with 73 last weex and 484 for the
eorresponding week a year a!o, New Flor
ida Spaulding Rose overaged about $1 de
cline, ranging sll oog,\s.nu per barrel in
Northern and Middle Western markets, and
mostly $9 f. o. b, in producing sections.
Texas Bliss Triumphs sold about steady
in Kansas City and St. Louis, at $4.50@
$6.00 per bughel hamper, and at $4 in
New Orleans.
Cabbage Slightly Stronger
Prices tended to advance for first-closs
stock, Texas Flat Duteh strengthened
slightly to a range of sl2o@ 140 per ton in
Middle Western markets, and ranged also
$6.00@6H.50 per owt, Southern Caroline
Wakefields ruled $56 per barrel erate,
f. 0. b. shipping points, and ran!c-d strong
in consuming markets at 6. 26 @7.00
Florida steck declined fully $1 in produc
ing sections to a range of $4.76@5.00 per
barrel crate, f. 0. b, and weakened con
eiderably in Northern markets at $6.50@
7.00 per barrel crate, or sz,so@‘}iso per
1% ~bushel hamrer. Callfornia inning
stadts sold fairly steady at :90@100 per
ton, f. 0. b, and various California stocks
advanced ‘ld 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 5 per cent; high,
b per cent; low, b per cent..
Time money was quiet.
Rates were: Sixty days, 0% @6 per
cent; 90 days, 5%%‘/6 per cg:xt: four
gnonimn. 5% @6 per cent; five months,
&s?o per cent; six months, 5% @6 per
cen
The market for price mercantile pa
per was dull.
~ €Call money In London today was 3%
per cent. w'
Sterling exchange 7{; steady, with
W in bankers' bills at 4604 for
demand.
Prev.
lflthl| Fe ’ é':lset 'Close
_stooms— | I'n__*?m,m[ i
Valler VU sesl seds] saie e
w . >".’.'..- sesal wwuw " e ‘o,‘
e i 41| 41 M )“%
Mux⪙nt orek. .(| ?2%' ’312% ) B
‘ ‘ 25
do zd. pref. . e B '
e oot SR
| : oum .|1 8 s
fi“"ing"““‘"‘“‘f 33&'[‘1#% it 1174
Mar eA 2k ' ‘ z;i%
tagat Sopper . '['Hiss TETNE
Miami (~ou)‘ e iiGl 4
Midvale Stee d;nt et it It
National Co:mel [ e i ibl
gago:fl FAhc‘me v 3?1@1 fi% 180 Tie
atio :7 | ol ¢
N Y thm&'}i. -] 2%/ 2% 29%) 208
‘N'Y.'N.H.d .t--slloa
Ragwata ) o
N s ¢| ] )
. Nor. %;o Dy i
K ey &x{- .g] 16% ] 16% | 1631 16
R e il
N. Y. Airbr 't il i i i
glht'tu Cgé’e%& Coal gz& gg% Teal 230
8. . s 53
Pan-Am. Petceu. ; = 0% :2}: i
OKkla. Prod:x‘ i ei “
}>ennsylvan' ih 2l 83 3 i,
Plerce:Arro X e b 0 5%%1 0,1 48
People’'s Gu' Pia 74%’ . |TI o
P. Steel Ca ai . . |bo% 50 | Sl%i 80
Pittsburg Co o 25%§ 2enl 208! 301 t
Ry Denssiitasee’ | 08 20%| 20%1 30u
Ray Console 3% 8 | w“' 5
gy~ I 8316) 81% ...1102'«',
I{e)' - v seas “ ‘
Il?"l'slfir:c{' e Iszi 24%‘1 275:5:5
(c § . .R A 8 (‘4
Ro do. prefflßA . 1‘55 o o i ‘;?.,,{ 4
Stoel Sorings . | Tl sawl tmel s
,Ix%yall Dutch (ne"_"] $| ol "‘."‘ui”'f“
t Rumley . . . 7 n
Setxr&:—B’.r)eb\s:ll:l . ‘! l ] iy SRR )
Sloss-Sheft. p e T
6. Biwdy' 7 | iß] g gl
a . !
So. silo. pref. & . . 8% 76%¢ 7'J%A ;Ig}:
‘Studehakor S-W ' , [
St. Louis & l ér; 67
Stutz Mntolrl =o el s“‘; gl 8
Switt & o (Tnt) | | 6118 Si) 81%| He
Rois Trabacis So%| 83| Bl 13
‘Tobncc? Prflr . 1614] 155 %| 154
B U o lssie Ao
Third Ave. . ol 21“‘ di 0138
Texas ())11 s s o 3 a 9
Texas laci_t £ p BN o B hr
Daion Paalth’. .1 130% 129 % L 73%
Unlnn « o s aew e 'r‘ ‘774
do. pref. . vl 243! 7B¢
. Food Droduct!.. HiEA ‘ “”“?‘E
U. 8. Rubbgl‘ i LS ‘Wil jioi 00l
v do. prat. "0. ke ,15%‘116%111“'@
UL 8. Stee e "ke 133%,'133%:1:“%
eTk 134341 S 5 134
Vi Copper 00, | 3R] sl%) o3| 62
Utah bopgex . co. | 62741 6 a 2 o 1
Va.-Car. Chem. i 85l '8 SRI 2
Wabash .. . . s 1 o 2 3260 %) 32
A Bl et el
e teertans’ ‘ 387 aok 3N g
‘ Willys‘Qv;r v “’*.' el
. Woolwort SRR ] v
‘Westinghou g 581%| 6 %‘ gl 5o
‘White Momrc.o el e
Wilson Pkg. . SONDS
§5.60 n.song.gga:g:gg
" S ‘2‘: « 3514 ‘s‘igigsfimhx.w
o g 35.04198. 04,98 04195.28
do. T (9504195 .
8s e e
038 4da ”‘“l' .18193.20(93. 20
ey 93.22{93.1
do. 4th 4%s . .
stock declined to $60@75 ger ton in Phila
delphmé but sold at $lO g‘llfi in New
York. Shipments of old stock only one car,;
new stock, 417, compared with 298 last
week and 772 for the corresponding week
last year,
Onion Values Svim*the-
Prices tended upward, which ruled $5
per cwt.,, f. 0. b. western New York ship
ping points, and advanced $1 in leading
consumig markets, with a general job
bing range of 84.50%8,00 per cwt. Cali
fornia Australian rowns were about
steady, ranging $3.75@4.00 at shipping
points, and $4.00@6.00 in consuming mar
kots. Texas No. 2 Yellow Bermudas
runged $2.76@@3.26 per standard crate, L
o. b. cash, at Texds ahig»plng points. No.
2 yellows ranged $3.76@500 in consuming
markets, and No. 1 ranged $400@5.50.
Sh\rmelfia of old stock have been steadily
declining for many weeks. Total this week,
70 cars; a decrease of 21, while new on
ions, ;ix from Texas. increaged to 210
cars, compared with 31 last week and 360
for the corresponding week last year.
Tomatoes Show Stm‘l Tene
Good Florida stock strengthened slight
ly in producing sections, closing at $3.50
@4.50 per six-basket crate, f. o. b. ship
ping points. The rtnge in northern con
suming markets strehgthened to $4.00@
5.00, Shipments decreased to 183 cars,
compared with 341 last week..
Strawberry Prices Irregular
While the range averaged slightly weak
er in producing sections, closing at $3.60%
4.26 per 24-pint crate, f. o. b, Louisiana
shipping points, values in Northern mar
kets tended slightly upward, ranging $4.50
@56.00 per 24_-:»1:1: crate. Alabama stock
sold at '6.00? .00 per Z4-guart crate, and
ranged 26@32c per quart in New York.
Florida Klondykes strengthened slightly,
ranging 46@46c¢ in New York. sShipments,
194 cars; an increase of 2,
Other Pruits and Vafdhbl-.
Best grades South Carolina asparagus
ranged $5.00@6.00 per dozen in consuming
markets, with firm general tone. Califor
nia extra fancy ranged $5.00@6.00 per
dozen, Cologsal and other selected stock
reaching $8 in a few markets. Florida
celery continued barely steady im produe
ing sections, closing nearly the same as
last week, at $6.00@6.00 per crate, f. 0. b.
shipping points. Chicago and othegr con
sunming markets sgain advanced M?)Buc,
ranging $6.60@7.50 per arate. Shipments, 46
oars; a decrease of 2. California Imperial
Valley lettuce was firm in producing secs
tions at $3.00@3.60 per crate, f. o. b,
and Los Angeles stock strengthened slight
ly, ranging $1.40@1.50. Imperial Valley
stock in leading consuming markets “was
firm, closing at ltOp?D‘%‘ and Los An
geles stock at $1.80@2.60, Shipments, 318
cnrs, compared with 242 last week and
166 A year ago. Movement of boxed apples
is light, with 64 cars, but barreled apples
continued in nearly steady volume, with
:}4 cars, A& decrease of 2. Orange ship
ents were 1,200 cars; a decreare of b,
and grapefrult 82 cars;, a decrease of 14.
ghipments of spinach were 212 cars, an
increase of 1. Bweet potato shipments were
3% cars, compared with 61 last week, String
benns inereased q}ufl,fi sharply, with §2
cars, compared with 26 last weck, Cucum
bers nlso increased considerably, with 66
cars, compared with 41 last week
METAL MARET
NEW YORK, April 23~~Cu&per weak
spot 14%. April H“‘@lfl‘fi; May, 14 @
1644 Ju}l\ 14.80@16% ; July, 16.76@10%;
August, fif!b%: Soptember, 154 @ 15%.
Lead, stea I; spot 4%&%5. April, 4‘:‘)3&
5.00; Mur, .80, bia; -&v ter, n{mm 7, Bpot
H006p6.10; April and Ay, 502‘16?812'&;
June, 60.2 -!’8.15: July, 6.06@8.20; Au
gust, 6.07406.35; September, 6.1066.30;
Pittsburg Bessemer iron, 2935, asked
ATVANTA COTTON SEED PR()I)PW.
V. B Pixed
Descriptions— Prices,
Crude oil, basis prime. .. ..... ... ... 11
Cotton seed meal, p. c. common... .$66.00
Cotton seed menl, 7 p. ¢ Georgin
“common rate polnt. ... ............ §5.00
Cotton seed hulls, 10088, . ............ 16.00
Cotton seed hulls, sacked. ... ..... . nominal
Lioters, cletn mill run. .............8 487
sl
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 téndency, a firmer tone de
veloped and some substantial gains
were recorded.
Ajax Rubber attracted attention,
moving up 5 points to 861, United
States Rubber passed &9, 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 common sagged off partly be
cause of the lack of confirmation of
stories of advanced prices, ranging from
10044 to 99 3-8,
The Marine issues were in supply
again today, the common dropping 1
point to 37%, and then rallyving to 383
The oil stocks were irregular, with
Royal Duteh 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 enermous de
mand and was bought by many of the
strongest houses on the street, which
forced its price up from 99 3-4 to
101 3-4, a new high record for the vear.
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 liguidation in the final deal
ing, especally in Steel common. Heavy
realizing in that issue caused a reaction
of 2 points from the high to 101. Heavi
ness was also shown in the other steel
shares, Baldwin closing at 91, but ex
ceptional strength was shown in Amer
ican Car and Foundry, which after mov
ing up 2 points to 96%, declined to
951%. Philadelphia Company in the last
few minutes made a new high record
for the day of 40, an upturn of nearly
3 points. Losses of from 1 to 8 points
from the early high were frequent in
the last hour, International Paper
closed at 53%; Reading 831; Marine
preferred 117; Mexican Petroleum 1841%;
Bethlehem Steel B 75%, and General
Motors 179%.
The markte closed weak. Govern
ment bonds unchanged; railway and
other bonds weak
ATLANTA SECURI_TIES.
e | Bid jAskd. |
Atlantic Steel Co., c0m.,......i 90 | 95
S Neel. . ..o 00 B 95
At I¢e and Coal C0rp..........1 8 110
| g et ... ... ... iBI
‘Atl. and W. P Ha11r0ad.......|150 [166 |
Atlanta National 8ank........|2385 |206
Central Bk, and Trust C0rp....|148 (152
Fourth National 8ank.........|815 [320
Augusta and Sav. Railway,....| 92 96
Exposition Cotton Mills .......1186 [l9¢
Fulton National 8ank.........[120 [126
Empire Cotton Oil, com:mon...| 60 63
0 DPRE. .(i iviiiaiicnl R BN
Gate Qity Cotton Mi115........J236 }...
Ga. Ry, and Banking C0.......[233 |436
Ga. Ry. and Electric C0.......|102%[105 |
go. L per oent. .. i T 9
Georgm Ry. and Power, lst pfd| 65 70
W oMptd.,. ... ey 18
A 0 COMIBION ..\ .;icvvssisel B L
Lowry National 8ank.........[220 [225
Southwestern Railroad ........| 96 5 .
Third National 8ank..,.......{216 |2lB
Trust Company of Georgia....|276 (280
Atl. Cona. St. Ry, 68..........1100 |IOB
Atl.-Char. Airline 68...........6.10 [Basis
Atlanta 3%5, 1940............| 4.40/Basis
Atlantic Ice and Coal, 65.......] 93 87
Atlantic Hteel 65............,..1 §6 "
Ga. Rallroad and Bank. C0....| 80 85
NEW YORK CURDB MARKET. J
The market optned firm and closed ir
regular,
Open. Close.
Aetna Expl. . lfl!&@ 10 % 10%% 10%
Anglo-Am, Oil . 20% @ 213 21% 21%
Barnett Oil . . 1956 hid 186 bid
Cons, Coper . . 4@ 6% 45&3 %
Cosden Ol . . . %@ 19 9% 10
Curtls &'pl . .3 @ 13 11 13
Houston Oil . . 96 §8 950 99
Indiana Pipe .104 @IOB 104 108
Inter Pete. . . 31% @32 fH‘Ag 31%
Lehi, Val. Coal. 80 85 0 86
Magma . . ~ . , 2700 30 2T @ 3
Marconl . . , ~ 4%@ % 4 44
Meritt Oil . ~ , 82 @ 324 30%®@ 30%
Midwest Oil . .19-161% 18-16 1%
Midwest ref. 160 @l7l 168 171
N. AT Pulp fi%@ 7 1% 75
Ohto Ol . , 387 400 597 400
Prairie Ol ..700 @7lO 700 @7lO
Sub. Boat . . 17T%@ 18 164 ar 17
50K Y I 392 388 392
80 M J .05 732 711 722
8 O Cal . 276 1 280 296 ) 280
8. 0 Ind . 316 gfl?f‘ 815 825
Union Tank 118 122 118 182
U. Motors . 46 @ 49 46 49
Vie. 01l ... . 54@ 6% %@ 6%
W. Martin .. %@ 3% Ak 3k
Cons. Ariz, .. Hg 3-16 Hfifl 1 3-16
Nipissing ...... 8% @ 8% @ 8%
B oand Wyo. Oil 44 g 46 44 g 46
Glen Roek Oil . % T 4 T% 7&
1. Oil & Tpt. . 8% @ 8% 8% 8
N. W. Off ...88 @ ¢ a 6 asa
U, BBy s fl%g) 2% 2:2 2
Bapulpa . . . 8% 54 £ R 4
BOURE i v L@ 6%
FINANCIAL NEWS,
Preliminary rroduc(ion figures of four
copper companies for March are approxi
mately: Utah 8,366,000 smum'ln; Chino, 3,
770,000; Nevada, :1.66‘5,0.0; Ray, 3,792,000,
i Central Pennsylvania miners planning so
ask for higher wuem.. i
‘ .
~ Conferences between the Railroad Ade
ministration and the Industrial Eun’d over
steel prices to be resumed shortly,
¥ . &
Agricultural exports of United BStates
during March totaled $286,067 366 -an in
craase of $37,900,000 in a year,
~ The average price of 20 rails, 84.51, up
.08; 20 industrials, 92.24, up .03,
8
- Chino Copper earned $4.48 a shure in
1818, compared with $10.83 in 1917,
- - .
. Wall Strect says: “‘Several things occur
red to stay the wild buying rush. ‘Techni
enl conditions threataned to become un
’unmd by headless buying. Council of
Four seems to have struck a stone wall in
the Adriatie question and indications
point to delay in settlement of steel
pricea.”
STOCK MARKET OPINIONS,
Thomson, McKinnon & Co.: “For the
past month we have been told of good buy
ing in Marine stocks. Of course there is
no way of gemng.thr rgnl names,"
Harris, Winthrop & Ce.~"'ln automobile
tradde circles it s stated morger of Max
well and Chalmers Companies has been
accomplished. A meeting of Maxwell di
rectors was held late Tuesday but no in
formation us to just what progress had
been made was forthcoming when the
mocting was over,”
ST, LOUIS LIVE STOCK MARKET,
BT, LOULIS, April 23.-~Cattle: Receipts
4,000; market steady; native beef stecrs,
11.6018.50; yearling steers and heifers,
9.50@ 16 00, cows, do.uo?m.f.o; #tockers
and feeders, 10.00@13.60; calves, 7.7540
17.60; Texnw stoers, 10.006218.00; prime
Southern steers, 7.00@16.00; beef cows and
heifers, 6 60@8.00. 5
Hogs: Ht’eé:vvlptu 16,600 market steady;
mixed, 2035@920.05; good, 20.904021.00;
roukh, 15.006019.50; Vights, 20304020 76;
'll'mn. 16.00@19.26; bulk, 20.25G20,95
Bheep: Receipts 2,200; market steady;
ewes, 13.004014.60; choppers and canners,
4.50@11.00; lambs, 20.000@%20.25,
HISTORY WILL REPEAT ITSELF
IN RISING VALUES OF BONDS
Do you recall when the 4 per cent United States Government bonds
reached 140?
’ You don’t have have to be so very old to recall that. And that fig
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-4
onic wars were ending. England had gone
through a desperats siruggie with thei
French imperialist. During those strug
gles the prices of English consols, 3 per
cent bonds, ranged from the hl%h mark,
67'%, to 54%, the low mark. hat was
in the year 1814. In 1824, ten years later,
the quotations ranged from Se%, the low,
to 86%, the high far the year.
In this same period the French bonds
were undergoing about the same fluctu
ations. The French § per cent ‘rentes”
rose from 80, the mfh in 1814, to 104.8
in 1824, They had fallen as low as 45
in the despairing days of 1814.
Our Civil War Bends
During the Civil War In America, 1861
to 1865, the Government issued muny{
bonds. burmx these four years the bonds
sold as low as 83, The low figure of 83
was reached in 1861, when the Union
seemed to be bmakéng up forever. But that
Year the highest figure was 956 %.
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
llfii‘: high, with the low for that year lt{
In 1864 the American Government 18-
sued the i-40-year bonds, and in ten years
these rose from 103% to 116%. %
Interesting Scatistios l
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
rise in value, is basea: ‘
English Consols During the Napoleonic
Wars,
Year High. Low,
FRER e i iiirisiiisiie BT b4l
IMEE il i, TR 61%:
IR i R 58
ROXY Leeisivitainininy BRI 62
SRR aisisiss iheaniiiis o B 3
MY o 04
AR 00l N 66
JBL vl i TER 65 i
BBR i A s
BB cairiisishsicinannins RO 2
I L B ren
- . -
French in Napoleonic Wurs,
Year - High. Low.
WRIR . cociivii i B 0 45
ASEB ..o iaiaaie. BLEL . B 0
RIS e BER 543
BT ii e 6.5
SRB il s B 60
1318......A,.....A,..‘...r73.!5 64,85
IR il 1B 70.1
ERRL oiiii i inisiiiiies: EEE 73.76
00 e B 83.356
BUEE i i e BB 75.6
1824 S FiaitEl tna s v e R 93
. 59 ‘
French Rentes in Franco-Prussian War.
Year ni%h' Low.
I il o T 8 650.8
ABIY (iiiisiiiaiiiciivnni BEER 50.3%
IBTR b iisaian M 63.4 |
SEIY i Luvd o 53.86
ABIE . it rineiride AR 57.8
B 0 (L itihiiii s RS 61.6 |
IBEE- .i i TR 66 ‘
BBET i iiiniee TRAN 66.10
IBEE i e LS 69.95
W e AR 6.3 |
SEWM ek it RS 1.1
. s |
United States Bonds in the Civil War,
Year High. Low.
SBEL. il 83
BREN ii s il e 87#‘
1563 sierveEnerheiasasns 00N 91
IBRE . e i 100 102
1866 MAN Ve Ri At isiknr v RN 165
1366 Shraik s v rmssrer IS 103 %
AT ... 1N 1061 y
A I 108 8
il eg VR e g 106
1870 Casarkasimnanssensss 1080 112%
WL inn e T 1101
ABEE L i iad i RN 114 %
18 i ine 1114 y
LI : y
Year High. Low,
Ten and Forty United States Bonds.
1864 e e LT 94
SR ...l ke it 893 |
15686 sissamasnnnersssass sIO 80
BREY Ciikcivisrednsis iR l?&:
B L iiais N 100%
1869 sshanserßecianrenei 10008 106 |
IBID . ceviivnsniniornsnnss 128 104%
1871 cismrsrvkssassennansidiig It
1872 Shatesbrsrasan it il 106 %
1873 116% 103 4g
The ftigures tell the tale. What finan
cial history has done in all the great
modern wars, and following these wars,
it is mighty likely to do in the future.
Bankers' prophesies are not just so many
fool guesses, so much 'em{,&y talk,
Mail Orders Filled Promptly If ETAOIN 8
; Prediction smuflv Based
| When they make predictions Lased upen
the figures just quoted, and others drawn
from fnancial history, tuey are denlm,
with known quantitis Tha “istory o
bond rises during evh of the wars nen
ttonad, and afier taese ware, has Leen
very similar,
Here, too, i another fact that must be
taken into consideration in prophesying
the future values of the wvarious' 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 call money s rauging nay
’wh(xre from b to 6% and 6 per cent. After
the Victory Loan, the last of the Liberty
Loans, 1s 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 3% and 4 per cent basis, according
to the finanéial experts. .
Then the investors all over the world
will go out hunting for gilt-edged bonds.
Ig'huy will be shopping for the right kind
6f 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 permanent investment. In
fact it is very doubtful if there will be
}ulnyt,mnx that will corie nigh to equaling
them.
The man who holds a Victory note
(short-term bond) or any one of the Lib
erty Honds, at that time will have some
thing that every investor will want and
’be willing to pay a price for. Byt 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 Chanee to Load (‘?.
The man who loads up with Vietory
Ponds is wise, In the best financial sense
of the word. Lt is the last chance to load
up, the last opportunity to buy a high
interest war loan bond,
There are a great many evidences oven
now that the nation I 8 heginning its finan
clal recovery Abnormal war conditions
are vanishing day by day. It haa heen
noted from month to month that there
I 8 an increase in bank balances at finan
cial centers, u tendency toward lower
rates of money, o lessening of the amount
of paper held by Federal Reserve and
miember banks, an inflow of gold coin and
gold certificates into the banks, indicat
ing A greater confidence in the financial
situstion and a decline in the amount of
Federal Reserve notes outstanding. All
these are favorabie signs whose signifi
cance should not bhe overlooked,
There is #till another advantage that the
United Btates has now, at the close of
the conflict,. We have a very small per
capita debt, smaller than that of any oths
er first-class power except Japan, The
entire Indebtedness of the United States
amounts to slightly more than 7 per cent
of its estimated wealh and {8 only $l7O
per capita
Compurable With Other Conntries,
On the other hand consider the case of
Great Britnin whieh has aceumulated a
debt of 443 per cent of her national
werlth, amounting to 3360 for every man,
woman and child in her }mpulnuun. Franece
owes 41.25 per cent o her estimated
wenlth, or $296.90 per head. Austria owes
4668 per cent of all her wealth and
$242.90 per head.
Germany, oxclusive of her Ninth War
Loan, on which accurate returns were
BANK CLOSING NOTICE.
Saturday, April 48, “Memorial Day,”
i a legal holiday. The banks com
posing the Atlanta Clearing House
Assoclation will be closed for busi
ness on that day,
g DARWIN aG, JONES,
Manager and Secretary.
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 Victory
Loan.
. . .
Financial Sunshine
Sales of Victory Liberty Loan
notes in New York Tuesday ag
gregated $23,630,000, bringing the
grand total to 96,200,560,
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
marny and Austria do not take into con
sideration whatever indemuities in the
way of reparation are laid upom 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 Government.
The United States is right now the great
est banking power in the world-—possesses
the greatest banking strength any nl!k::
has ever known. It has such a reserve
money as no other people ever accumulat
ed. Its power increased something like 604
per cent during the war, as compared with
a 15 per cent increase in the four yeard
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 heen put before a
nation with money to inve:t. The concern
back of that loan, the United States Gov
ernment, was never stronger financially
than it is today and that strength is tha
combined srength of the wealth of all ite
people.
NEW YORK PRODUCE MARKET,
NEW YORK, April 23.—Petroleum firmg
erude Pennsylvania, 4.00,
Turpentine steady, 78@78%.
Rosin easy, common, 12.60, ¢
Wool unchanged.
Hides dull. Native steers, 27% @28%%
branded steers, 254 @26 %,
Coffee firm; options opened 8 to 13
points higher; Rio No. 7 on spot 17Y%.
Rice quiet; domestic, 88 @lO4,
Molasses dull; New Orleans open kettle,
T6@%2; black strap, 12@17.
Potatoes firm; nearby white, 3.60@6.00;
Bermudas, 8.00@14.00; Southern sweets,
3.00@11.00.
Beans steady; marrow choice, 11.75; pea
choice, 7.60@7.76; red kidney choice, 13.26.
Dried 5{61115 firm; apricots, “‘gnoloe to
fancy, 2 28; apples, evapora! % e
to fancy, 17»‘,@19‘)‘4‘; prunes, 30s to Gg:.' 18
@20% ; prunes, 608 to 1008, 10%@17;
peaches, choiwce to fancy, 18% @2l; seeded
raisins, choice to fancy, 10% @ 18.
ATLANTA PROVISION MARKET.
(Corrected by the White Provisien Co.)
(United States Food Administration Lic
ense No. G.-21371.)
Cornfield hams, 10-12 average....... 344
Cornfield hams, 12-14 tvera{n....... 34
Cornfield skinned hams, 16-19,...... 37
Cornfield picnie hams, 6-8........... 25
Cornfield breakfast bac0n........... 47
Cornfield sliced bacom, 1-Ib. boxes, 12
B 0 0880 ;1 icoeiiiiiiiinlaienianis, BB
Grocers' bacon, wide or narrow..,... 38
Cornfield pork sausage, fresh Ilfl or
DULR coveniiviviinrnibupsiviiisiiie B 8
Cornfield wieners in 10-Ib. cartons.., 22
Cornfield wieners in 12-Ib. kita in
sRT A R e
Cornfield bologna sausage in 2Z6-1h
DOXOR . .oooser vosvininnsersivnsvin 3000
Cornficld smoked link sausage, in 26-
I DOEBS . icoe:ivvsuiisivinsnng e TIAN
Grandmother's pure leaf lard, tierce
BRSNS ovbvivvrivinizirs misiihues 8
Country style pure lard, tierce basis, 82
Compound lard, tierce ba5i5......... 244
B B anten M 0 v s.o i cinsnrine BB
D. 8. bellies, m:‘h'um AVOrafgs. ...ooes 33 .
D. B. bellies, light Average.......eess 38
S A A
THE WEATHER
WABHINGTON, April 25—Generally fair
weather will prevail throughout the South
tonight and Thursday, with net much
change in temperature. %
Forecust by FKtates
Georgia, Alabama, Mlls&ul%pfi and Mor
ida: Fulr tonight and Thursday.
North Carolina: Fair tonight and Thure
duy; warmer tonight in central portion.
South Carolina: Generally fair tonight
and Thursday.
Tennessee: Falr tonight and Thursdey:
slightly warmer tonight in northeast por
tion; cooler Thursday in northwest por«
tion.
| st —————————————————————
SPECIAL NOTICE.
NOTICE TO PAVING CONTRACTORS.
Bids will be received until 11 o’clock o.
m., April 28, "X the undersigned for pav
ing gutters and other incldental work on
Bust Puce's Perry road from Peachtren
road to Piedmont avenue. For further in
formation apply to
. M. HOLLAND,
Turchasing Agent, Fulton County,
Adv 507 Court House, Clity,
AT
0% 1 )
" ”H'h‘?“&,"
UR Correnpondent Offioss
O 0 47 Cities are working
to facilitate the swecoss of the
Vicrony Livmery Loax.
&
wfldcq
Covvenpondent Ofhces im g Cirboe
Atlanta—4o Edgewood Ave
Telephone~T7s4l lvy