Newspaper Page Text
Atlanta Spot Cotton Jumps to 21’8.80 Cents—-New High for Movement—With Futures Buoyant on Heavy General Buyingéé
<
COTTON TRADE OPTIMISTIC; |
) |
H & ARNI i
. . |
; By VICTOR BARRON.
Atlanta spot cotton Saturday. .. ... mes wee e e e ...28_.80c
.s‘me day 18t Week .oq wwie wdwion o WPR W « HOIIdAY
S&me d&y last FOAr cvciaiw woinsin ae s et prinainee - 35800
Same day 1917 e e es T
Atlanta cotton statement Saturday:
] 1919 1918 1917
RECOIPLS. . ee s sit e 3,159 76 612
RIS .ii oit - 37 « 2076
\swcks. W SR N R - w— .-29,290 43‘730 72,311
TN o e ost GS~ 40 (DD 100 . whidi
.8 »
All State banking institutions were closed Saturday in ob
servance of Southern Confederate Memorial Day.
& »
The New York and New Orleans Cotton Exchanges will
be closed Monday—military celehration at New Orleans.
5 b e
The cotton market ruled buoyant during the short session Saturday,
with shorts nervous and covered quite freely, fearing to go over the double
holaday unprotected. Heavy general demand from trade houses, spot
Emsneaeeeamesss fITMs and Wall Street, based on unfavorable weather,
. " extremely bullish reports with regard to the dry goods
bOB "‘m ; trade, a more optimistic feeling concerning early peace
g and predictions of frost Saturday night in the Caro-|
SN linas, possibly in northwest Georgia, central and east-
L ern Tennessee, resulted in the market rising to new
B o high records for the movement immediately after the
& m Bsad opening. First prices on the New York Exchange were
b 7.5 f 15 to 338 points higher on new contracts and 10 to 45
w} R points higher on old style options. On the crecest of
o w the rise new contracts stood 38 to 50 points higher.]
%;:.;za.g\;_:f;i R while old options showed a zain of 30 to 80 points.
i N : May, new, New York, at the top stood at 28.65,
TR, T g while July reached 27.10, October 25.30, December 24.78
i, M e and January 24.37. At the highest October showed
e a net gain of 530 pointss26.so a bale—from the low of |
k¢ March 31 and a gain of $36.40 a bale from the bottom
% g 2 mark of the season established on January 24--18.02
0 O O Usuall week-end realizing checked the advanee
near the close ,causing a small reaction from the best levels. At the close ‘
old contracts at New York showed a net gain of 17 to 70 points and new
contracts were 22 to 32 points up. 7 : }
. COTTON NOTES !
¥ .
‘« Mcßlroy wires: “This is a real bull mar
get'l'nd I expect much higher prices.”
= o e
The wehther map, shows fair and cold
over the northwestern quarter, with heavy
- frost and temperatures te 38 inte Geor
gia. Partly cloudy over the rest of the
belt; ;some rain in northern Texas, okla-1
homa and Arkansas, |
is= » |
Liverpool writes: “Much healthier tone
on Manchester. More cloth and yarn sell
ing mow than at any time since last No
vember. Prices hardening particularly in
American yarns.” J
B oNLw ‘
_The cold wave continued Friday over
the central and northern districts east of
the Rocky mountains, and extended into
the Jast Gulf and South Atlantic States,
temperatures over this extensive area ri\nl-(
ing from § to 35 degrees below the season
al average, Arkansas and extreme western
Tennessee reporting the greatest depart
ures. Light snows fell in the lake region
and rains in the plains, Kansas, west Mis
souri, Arkansas and western Tennessee. i
i . .08 |
",
Local rains are probable today in Ten
pessee, the East Gulf and South Atlantic
.&us, continuing Sunday, except in the
ter district. It will be celder toc}ay in
the South and low temperatures will con
tinue to the northward. éoudy weather
‘with rising temperatures is indicated for
the Southwest.
.9 .
Conferences held Friday between offi
cials of the cotton seed division of the
Food Administration with representatives
of the cotton seed oil interests om the
question of whether or not the Govern
ment should remove the stabilization of
the industry and withdraw all Government
restrictions and regulations will be con
tinued Tuesday.
It was announced Friday that the Food
Administration and the Grain Corporation
would allocate an order for 16,000 tons of
lard substitutes or oil to the industry for
Kuropean relief. Cables from FParis out
lining the plan of the supreme food coun
cil say that lard substitutes will be used
in place of food products for large sections
of Europe.
o N
The Times-Picayune says: ‘“The under
lying feeling in the market continues bull
ish on the belief that deng;te dissensions
at the peace conference in Paris the tangle
will be sméothed out and a peace treaty
signed in the near future. Hence it took
but little encouragement to advance prices
again Friday, notwithstanding the disposi
tion of some longs to realize at every op
portunity and the fact that the American
* markets are facing another holiday on
Monday.
“Jxports are still forging ahead of last
vear and there is evory‘{ld\catlon that
clearances will be comparafively large dur
ing May as the tonnage situation is im
proving. As practically all the cotton held
in the South is hedged by sales in the
contract market a revived demand for
spots would be pron{)ptly reflected in fu
tures by the buying back of hedges,
“Although there is gtill much cotton
held in the South, there is very littie offer
ing in Southern markets showing that
Southern spot holders are living up to
their pledges not to sell their cotton until
they realize a paying price. All cotton
held seemns to be well financed.”
. * 0
Very bullish dry goods reports, cotton
goods very active, prices rising. Yarns
higher and sales were active. Clothing
traders active,
Rainfall:
SURIOEE .os i casciamsenssyesanes 200
IRRRTERI 3di . oaivbesobnsmmonvisvssis L 8
FEORURMBEIL < ccssnsssersonirisarsnes s 108
Fort Bmith .....coveencannciansncns A 8
800 BOGK < ivsrsssnsonvessesressedf A 8
. ORID .. . iiaeviissinnsarrarsae e :2
THALLANOORA «..isvosbssnasssrnnnans v
u&lumh T P RO Vi SERUEDT IR | |
R R is .« insdvabnesesvrwer . A 8
SANTISLON ..oy 20
- M™e
« E. F. Hutton & Co. wires: “Sentiment
M« oxtremely bullish and for this Yumn
!ho demand is In excess of the sellipg.’”’
o it —————
t:j__—_-—-—~J
Following i the weather forecast for
he cotton belt during the next 24 hours:
* Georgia=-Fair, possibly lght frost in
~nm'uu':mt.?!undny warmer,
# Louisiand, Arkansas- Cloudy, warmer,
# Oklahoma—Cloudy, probably rain in
wwest.
st Texas—oudy, probably showers in
morth, warmest
+ West Texas—loudy, probably rain in
*north.
North Carolina—Fair with frost, Sunday
fait, warmer, ~
¢ Worida-—Falr, slightly cooler in central,
Sunday fdir, warmer.
( *Alabama and Mississippi—Part cloudy.
',WW
,MW“J
. CORRECTED BY HARRY COHEN.
. (U, 8. Administration License G-27360.)
Nitrate of soda, 96 cent, prompt
"shipments, $4.07% ex .m. or ex vessel
!Huulhefll ports.
. Bulphate of ammonia, _bulk, prompt.
shipments, $4.86 e. a. f. Southern points.
¢ Trona Potash Muriate 40 per cent K2O,
L prompt shipments, $2.50 per unit avail
able, your station
Nebraska potash, 22 per cemt K2O,
prompt shipments, $3 per unit your ata
¥on,
/ A:Ld m:;nph.to. basts bulk, 16 per cent,
" sl¢ 50, Atlanga,
© 7 Cyanamid, prompt deliveries, $3.76 per
unit. Ammonia £ e b, Niagara Falls, Can
* Influenced by the rise in futures,
Atlanta spot cotton advanced 20
points to 28.80 cents a pound, basis
good middling—new high record for
the movement. Spot cotton at New
York advanced 25 points to 29 1-2,
At 28.80 Atlanta sgpot cotton stood
49 points higher than the quotation
o‘t the same day ayear ago—the mrst
time in many months that the actual
shas commanded a higher price than
the previous corresponding day. Sat
urday one year ago the raw material
suffered a sensational nyh, falling
165 points, as the result o AZETenmlvVe
hammering by the bear element on
prospects of a record acreage and
huge yield. It was the lowest quo
tation recorded on that downward
movement, which was one of the
most rapid and sensational in history
of the Atlanta market. On April 8,
1918, the actual soared to 36.35 cents
—the highest level since the Civil
War—and within twenty -days the
price decreased virtually 8 cents a
pound,
That lesson should be recalled by
every Southern cotton grower today
as absolute proof of what will happen
if they don't cut this year's acreage
at least a third, From all indications,
there will be no repetition of last
vear’s violent decline in the price of
cotton. Peace is near and Europe Is‘
bare of the staple, and American spin
ners are beginning to realize that they
must have’ cotton, and an enormous
quantity, to fill fortheoming needs,
but with all this demand the South
must hold down the acreage and turn
out another small crop, which, to
gether with the carry-over at the end
of this season, will be sufficient to
take care of all needs, but at mate
rially higher prices than now prevail
ing-
: = 5 =
~ H. &L. MEETING TUESDAY,
Lindsey Hopkins, of Atlanta, left
Saturday for New York to attend the
meeting of the board of directors of
the American Hide and Leather Cor
‘poration Tuesday next. Mr. Hopkins
is a director o the corporation.
~ He stated before le#ving that the
corporation is in splendid financial
condition, with a large volume of
‘business on hand.
It is stated upon high authority
that the earning statement for the
first quarter of 1919 will exceed by
almost SIOO,OOO the corresponding
quarter a year ago, which were $655,-
119, which up to that time were the
largest of any quarter in history of
the corporation. ‘5
The first quarter is considered the
poorest earning period of the leather
industry, with the last three-quarters
showing up considerably heavier. It
also is stated upon high authority that
the corporation is assured record
breaking business for at least four
years, owing to the elimination of
Germany from the leather market,
A A AP D
i FINANCIAL NEWS }
Fifth day of Victory Loan campaign
c{rmhout’mmn shows sales of rs'u.-
939,000
- . .
l General Electric Com‘umy aprned $14.76
ln share on stock in 1918 compured with
$26.50 a shareiin 1917,
, g 0 9y
Bradstreet says improvement and ex
pansion both in wholesale and retail trade
lnw more cheerful reports from important
industries are fefiture of week's conditions
of trade.
g 9 W
+ Failures in the United States this woek
101, as against 107 last week and 160 a
year ago.
E N 8 4
The industrial board has resigned, but
the resignation has not been accepted by
n&dfl«-ld. The split with Director CGeneral
ines over steel p.rlcc.-n x:vn-n as reason,
U. 8 Alien Property Custodian Garvan,
in address before the National Cotton Mans
ufucturers’ Association, eeclaressthat Gers
many 8 planning a world-wide commer
cial warfare of m.o-t. ln:vleu kind.
The average price of twenty rails 854.58,
up .34; twenty In:)u-:rh:u 92,09, up .44,
Orders from rallrond companies for steel
and equipment, although small, are in
ereasing in velume. Belief Is general gov
ernment will soon enter the market for
cars and locomotives for delivery before be
ginning of crop-moving season.
- - -
In automobile trade circles it is stated a
morger of Maxwell and Chalmers compn
nies had been accomplighed, A meoting
of Maxwell directors was held last Tuesdny,
but no Wformation as to just what prog
ress had been made was forthcoming when
the meeting was over. It had heen known
for some time that W. C. Dumint, president
of General Motors Corporation, might enter
Maxwell affairs
». 0P
Bethlehemr Steel Comipany officials say
there is no foundation for the rumor that
corporation will sapend $26,000,000 this year
jn imprevements .n :pu:ro'u Point plant,
An order for several thousand tons semi
ffgllhed #toel hos bcm"rlmd by British
eresta with an American grfiwr. It
is understood to have heen the first ex
port order hooked by this company in re.
cent months,
st MARKETS AND FINANCIALIE SR
* NEW YORK, April 26.—Heavy gen
eral buying marked the opening of the
cotton market today with first prices
24 to 38 points higher. The buying was
based on an unfavorable weather map,
a more optimistic feeling re%urding an
Italian settlement and the bullish re
ports from the cloth markets. With a
two-day adjournment ahead, shorts de
cided to cover and ‘their demand was a
large factor on the rise.
Week-end statistics made a bearm?
showing, but were ignored. Later al
months made new high records with
Oclober rising 28.65, July 27.05, and
October 25.30, at the top of the market
stood 37 to 45 net higher.
The market rose to fresh highs latre
in the day, with May, mew, reaching
28.65, July 357.10 and October 25.30 fe
alizing sales increased in the last hour
and Prices reacted from the high. The
offerings were well taken by new buy
ers and the trade.
At the close old contracts were 17 to
70 gzoinu; higher and new options 20
to points higher.
Spot cotton advanced 25 points to
29%.
NEW YORK COTTON.
Old Centracts.
——Oven. [High.| Low. |L.Sale| Close. [Prv.Close,
May [27 OI'I‘IT.ZOFT 00:‘17.18’27.07 %;"i.904£7
uly 126.60/26.96/26.40426.90/26.85-95/26.15-20
Oct. 124.Tfi{21.15'2l 72‘34.7:’!24.50 124.35-40
DR, I..o.okeanlonn sl i 8850 24.35
SRE v ividiuies ..,....‘..'21.50 lzm;s:s
New Contracts,
{Open. [High.| Low Haßate I'!(s.‘~P3.Cl‘
May "~ [28.40178 65728 10128.50/28. 45-50/28.26-30
July 126.86{27.10{26.84{26.92/26.92-97/26.60-§7
Oct. |25.05126 :,u!_’;‘- n::i'.:f».1::;;:-_1:;~lsi:1.57-90 |
Dec. [24.70(24.78]24.56{24.63(24.60-63/24.33-40 |
Jan. [24 .':.‘(I:-i.f:'f!uv19)244271:4.:(;»:;.»&:;_&»1:. 1
Mar [24.15125.16(24.00{24.00/24.00-05{23.77 |
|
NEW ORLEANS COTTON. \
gl sl S Continets. s
SVOMd] VW) |eTeS~l| WOl |GhE| wedo]
May [26.55/27,00/26.55{27.00/27.00 1zu..)0 }
July (25.00{26.00{26.00{25.85{25.85 25.52 <
Oct. (l"'-ss" {23766 |
Dec, boyeoalive dinndh..o 12368 125.38
New Contracts. l
—_[Open. THigh. [ Law.|L.Saler Clowe, |PFr.Close
May |27.60{27.60/27.40/27.40{27.38 |27.10-16
July [26.10]26.40|26.1026.27]26.25-27|25.92-96 |
Cct. 124.35/24.52124.27]24.37(24.37-40/24.06-10
Dec {24.11/24.16/23.95(24.07(24[07 {28.75 |
Jan. ‘;.’:LTB}Z'.LT:'-]:8.75‘;&3.15‘23,07 IZL(A{ 1
WA bl oA anle s Giahas e ‘
EPOT COPTON, |
Atlanta Commercial l".xch::fe quotes
busis good middling, 28.30; es Friday
2,000 bales.
New Orieans, middling, 27.62; sales, 1,-
057; arrived, 400.
Liverpool, good middling, 18.534. 4
New York, middling, /29 %. 1
Savannah, middling, 29. :
Augusta, middling, 27%. \
Boston, steady, 23.80. ;
Philadelphia, middling, 29% ‘
Charleston, middling, 26%
Wilmington, middling, 261,
Norfolk, middling, 26,
Memphis, middling, 27%
Bt. Jouis, middling, 27.
Dallas, middling, 28.10
Mobile, middling, 26%.
Galveston, middling, 281 ,
Houston, middliug, 28.60. l
Little Rock, middling, 26% ‘
Montgomery, middling, 27%. '
ATLANTA COTTON SEED PRODUCTS.
V. 8. Fixed
Descriptions— Prices,
Crude oil, basu‘)rime Chas S anks d JBY
Cotton seed meas p. c. comamol ... .$55.00
Cotton seed meal, 7 p. ¢ Geergia
common rate point ........,.....;55‘00
Cotton seed hulls, loose ...ce......516.00
Cotton seed hulls, secked ........nominal
1 inters, clean mill run . ... 00000e...$ 4.67
ATI.ANEA COTTON D"‘IIBINCP.
MIdAUDE TRIP ccocvssvnisrnadocs 108 6B
Strict Good Middling ... 5442.....138 on
Good giddunl R L . L
Strict MIGANRE. s . copdbospecsvsees 82 OB
M!ad111ffi................u.........‘nfl1l
Strict w Middling ... ..e000...226 off
Low 11dd11n.'....................m off
ellow Tinged.
Good MiAAIINE ............eee... 178 off
Strict MIAdIINg ....ccovveeoceenes 3000000
Yellow Stained.
Ghod MISAUNE o vvcrnssitsngessbove DO off
oo et
HESTER'S COTTON STATEMENT
Comparisons are to actual dates, not to
(‘lipae of corresponding weeks. Bales
In sight for week ........c.eooo 119,000
do same 7 days last year . ..... 98,000
do same 7 days year before .. 73,000
go for thg ltl:uT:: sachaplassbe ;gggggJ
o same da ¥ sesens 8
do same date year bg;n sore | 371000
do BeaSON ~iyig: .. risnsnnsss 9,608,000
do same date laßt year ........10,906,000
same date year before ....11,747,000
Pokt receipts for season ...... 4,885,000
same date yeas before last 6,569,000
Overland to mills and Canada for
PORBON -o o bn oitF rsm o 0 ¥R oo SAAD D 0
do same date last year ........ 1,341,000
do same date year before .... 1,270,000
Southern mill takings for seasom 3,087,000
do same date last year ...... 8,214,000
do same date year before ... 3,394,000
Interior stocks in excess of Au-
BUR L ov Nl shessuinesy SN, DOO
* do last YOAr . Tcs.cesccroness 584000
"do year before ...........ssss 018,000
Foréign exports for week ...... 69,000
do same 7 days last year ..., 65,000
~ do same 7 days year before .. £O,OOO
L 00 TOP BORAON ... .usvansivess 5,850,009
~ do same date last year ........ 3,460,000
. do same date year before ..., 4,658,000
Statement of lflnmfl' Takings of Ameri
can Ceotton roughout the World,
TRINWHIE \voicvitiitsrsncecsrss - 316,000
Same 7 days last year .......... 223,000
Same 7 days yeas before ........ 218,060
Total since August 1 .......... 8,032,000
Same date last year ............ 9,539,000
Same date year before ..........10,919,000
‘ NM of World’s Visible Supply.
Total visible this week ........ 5444,000
‘ qdo last week ..........e5.... 5,186,000
do same date last year ...... 4,140,000
| do same date year before ... 4,264,000
Of this the total American this
WeEK . ... . eveessssvevesses. 3,501,000
do last Week ....B.ccvooveese. 3,628,000
BOTIAE PO i ssovsrvisnvsiresy 5.871.000
Ao yoar before: . ......s.oisesd 2,066,000
All other kinds this week ...... 1,643,000
do last Week . .i.icsiosevsenes 1,668,000
U MR- YBP 5 viiisscsvorsray RIVKUN
SO PP DOLOPS .. icoivvavinise 5,000,008
Visible in the United States this
WO ~ cviiissiviinnsssnsian IDD.OOO
do this date last year .......« 2,386,000
Yisible in other countries this
W L. aeneiives NEAINS
do this date last year ........ 1,764,000
‘
A AN PP PP
Bid |Askd
| Atiantic Steel 00., 60m....... | 90 | 95
S O s i kv b e hsnven b TR 95
| At. Tce and Goal C0rp..........1 8 |7O
* B B s ciiiiis s invieid I 8 %
Atl. and W, P, Rai1r0ad.......[160 [l6B
Atlanta National 8ank.......,|386 296
Central Bk. and Trust C0rp....[148 [1562
Fourth National 8ank.........[315 [320
Augusts and Sav. Railway.....| 93 9
Exrouflmn Cotton Mills .......|lB5 [l9O
Fulton National 8ank.........[120 [126
nmp‘{;o Cotton O, eommon, ..| 60 ::
g«o (‘I&‘&(ton BREUE s o o i 280
a. Ry, and Banking C0.......|233 [236
Ga. Ry. amd Rectric Co. . ..,..[102%!10%
dO. G per c0nt.....«.......| 18 1
Georxm Ry. and Powgr, Ist pfd) 65 70
W L
aO, COMMON ....oiiveuves 8 10
Lowry National 8ank.........[?20 228
Bouthwestern Railroad ........| 98 01
Third National 8ank..........|216 218
Trust Company of Georgia....[276 11,
Atl._Cons. Bt Ry. 55..........[100 |lO
BONDS, &
Atl-Char, Alrline 58...........6.10 [Basis
Atlanta 3%5, 1940, ... .......| 4.4o{Basis
Atlantic Jee and Coal, 69, ~ ... 93 | ¢
Atlantic Bteel 6m,..............] 95
Gu. Rallroad and Bank. C0....| 88 | 8
The lmu‘t’rn to the Germans to send a
comm ission food, shipping, finance and
trade experts to confer with allied n:m--
sentatives s regarded as most important
step yot taken teward resumption of
world’'s pormal business. Meoting will be
beld in Versailles or Complegne, ‘
Fundamentals - Back Optimism
CHICAGO, April 26.—Possibly the
aggressive crepe hanging in Steel
may be temporarily favored by a fur.
ther reduction in the dividend—or,
again, they may not be--hut they can
not prevail finally against eéconomic
conditions, Sooner or later—sooner
is the High probability—the steel in
dustry must come into its own com
pletely; must produce the enormous
quantity of rails, of tron tuilding ma
terial, of raw products used by motor
and harvester companies required;
which will mean eventually a 100 per
cent capaecity.
Practically everything that the
United States grows and makes will
be free of foreign competit(;m for not
less than six months. In' foodstuffs
. .
' New York Stock Quotations
Market closed strong.
Total stock sales 820,000 shares.
Total bond sales $6,718,000. :
Total stock sales for week 7,907,000 shares.
Total bond sales for week $66,645,000.
| |Last|Prev.
STOCKS-— | High| Low.[Sale.|Cl'se.
Allis-Chalmers . .| b4%| b 4 | 663 g't&
do;rer. v 6 el sel el B 8
Amn. RBE o v dadeslics ol G2l RS
Amn, Agri. ..... .110’ 109 lq- !093
Amn. B. Sugar . .| 16 75 V 75
Amn. Can . .......] 52%] 52 | 621 61%
Amn, Car Fary. . .| 956%] 953 953 ) 94%
AME Ot O o § 5l datd abed “a
Amn. Loco. . .....| 76%| 73% | 7T6%| 72
o L N D e RN
Amn. Smelting . .| 71%| Tl%| Tl%| Tl%
90 PIOE v o ol sieabaiin ....wsa
Amn. Steel Fdrs, . .| 96 95%| 96 45
Amn. Sugar Ref. . {l2O {129 120 [129
Amn. T. and T. , .[lO2 1108 [lO2 |Ol
Amn. Woolen . l 66% | 66%| 663 6624
Assoc., Dry. Gds. ..| 451] 46 46| 44
amn. Ligmbed . il o) aveid skl 3%
At. G.and W. L. . . 13; 134& 13614 (134
Amn H. and L. . .| 2 27 27%| 27%
do. pref. ...v6 oJII 11\% 111 1&0%
BN POl . i ioiiobl caid ... 1207
Amn. Sum. Tob. . ,uquod 105 8 10574
R S L eiry 4l Napiloe iy caee o] 49%
Amn W. Paper . 4 ....1 ...} ....] 43%
SR L ] ) s e
e B Tst s Caalies Bidiiel g |
Anaconda . ..... .| 61% 61%] 613%] 61%
ARORINOR "5 ik kBB 94 96 93
Baldwin Loce. 4 .| 92 0% 915 | 903
Bal. and Ohio . ... 48%] 48 483 475
Booth Fisheries . . «...] ...} -] 21%
Beth. Steel pref. . ‘ Lae ik s cval Lk AN
Beth. Steel B ... .1 76%| 74%) 75%| T 4%
ek B T % 21 |2l 21
Butte Superier . ..| .. & .o} oooil BIY
Butte .Sl B« 9 s el S
Cal. Petroieum, .., 2! 28 28 27
Can. Pacific . .....|162%[162 1623 159
Ches. and Ohio . .| 621] 61 62 611
G ond W -W, & §.id i '4&
Col. F. and I, , .| 82%| 42%| 42%! 423
C., M.and Bt. P. , .| 38 | 37%]| 37%| 37%
a 0 PPel. & susii] s v Gonil IR
CORIDG OODPOF & sivel soosl vonid enot 35g
Colebl. GO . & o ;oo covid it N
Corn Products . .| 62 62 62 62
Orgolble WRedl .o .f ....0 ..ot il LAR
Ldban ‘A. Sugar ..} ....] .~ s's s TRpO
Cuban C. Bugar . .| 28%| 283%/| 28% | 28
B BRE. . 5 ¥ il weinkivniib IBN
CRat Trom Pl o .8 -.0.8 o 505 l 88%
Central Leather , .| 80%! 80%| 803%] 80
BE PEAL Lihse o) aal sred s iRED
Chile C'oriimr . .| 2353 23] 23% ) 23%
Chan@ler Motor . oJ ... .oof ... [142%
DOTEnbs UM . .« of isitssinl GOBB
Corvesfie-Pasco . .l ....1 viuif coon] 42%
CORE B «ong 4 al sinsbanod ssckl B 9
e . .0 Ve DY 17 17 16%
do pr& Ist ~ .| 28%] 28%| 28%| 27%
auprel. 34 LRt L] Lo 38
General Electric . .| ....1 ....] ....[261%
Oenenlhl}l‘oto;: & ’?'3 uoou lfla ’»’fl’ ‘
Goodric übber ~, ‘
Gt Nor. pref. , . Oi Zl}: 92 | 9115
Gt., Nor. Ore . ~.| 44% | 436;| 44| 424
Gt. Wastern prefi v § coist was.l vas.] 38%
Guif States Steel , .J ....} +v..] «...] 543
Gen. Cig. Mared | vesl vave] vonsl BTH
Gast. W, and W, i} ... ] oes] 000 .| 199
T CEERE s v oosnl il kel vusal BY
Inspir. Copper . ..| 49% 49 4991 49%
T TN sB - B R |
S 0 PENE vow vidd ssiivh binek shns 13&
Ind. Alcohol ... .Jlsl ]l5O [1508,]1149
Int. Nickel ..us. | 26% ] 26% [ 26%| 26%
Int. Paper ‘. .see..{ 52 62% | 627%| 6214
Keystone Tire . ...| 08 97 97 98
Xan LHty Bow . ol okl ivialivee.] 88
Kelly-Spg. + ......J128%122%|122%|124
Kan, & Tonih s o oiiok cioolina. | 10%
Kennecott ....., .l 32% ;’ 3314| 3214
Lack. Stedl ... ..)] 72%] 91 | 72%/| 705
‘L-hl%h Valley «....| 64% | 64%)] 654% | 6414
Lee Tire . . J . ] 203} 20%] 290%) ....
SR TR SN ST e TRRCE L |
‘Maxwell Motors . .| 40 40 40 39%
do. Ist pref, . .| 8914 69| 69| 69
do. 2d pref. .®| 32 33 32 31
Mo. Pacifi¢c (new).| 29 28%] 29 27
Mexican Petroleum, (182 [176% /178 % [lßl
MAFMS « . Ny 3;& 37& 381 !7&
do. pref. ~ . .11 13675 1117% (116
Miami Coppey . . soead aicnl 05..] 2398
Midvale Steel . , 46%| 45%| 457 | 455
Nuational Conduit .[ ....1 ....| ...,] 194
National Enam#f. .| ....} ....[ .}.. 59{
N. Y. Central , . .| 6% | 74%| 76%| T 4
N. Y., N.H &.| 81| 30| 30%| 20%
National lead .% .} vxe:l 5:.- ‘,...‘70
Okla, Produets. .| 1031 101! 10%) 101
NeandW. . . § JTichesh svl ve. . [IOBY
Northern Paciffol’] 93] 91%) 3% 91
N. Y O Wes il ol :i0 .A..1z0
Nev. ‘Con. Copper . 16%| 16%| 16%] 16%
Material Improvement
) .
In Business Conditions
Briadstreet's weekly reyiew of business
conditions here and crop summary sols
lows:
“Manufacturing in_most lines continues
active, Very little idle labor I 8 reported.
Grand opera weck Was attracted many vis
Itors, and department stores report large
volume of husiness. Wholesalers of hats,
r::.c:m, dry goods and notions all report ace
vity.
“Some cotton is heing -bld. and the re
sult is reflacted in Inereased business.
“Building s showing gradual improyve
ment, and dealers in builders’ supplies
#tute that their business is showing a ma
terial nicrease,
“Good stands of cotton have been se
cured in the sputhwest portion of the
State, whera ghopping has been begun.
Planting continues. rather slowly in the
northern portion of the State, where com
paratively little cotton is up, Corn has
nearly all been sown in the Southern di
vision, and this crop is gwnnmuy doing
weoll. Wheat 18 (n good condition, and wine
ter oats are beginning to head nicely.
Some rye hns been cut for hay
.“‘:“arm wgrk 6lla atill hag:wm-l. lb.l'lt is
ually advanding towar normal,
Sttt
THE WEATHER.
WASHINGTON, April 26.<The wenther
in the East Gulf and South Atlanta States
will ','f g«lr tonight and Sunday with con
tinue w temperatures although some
what higheg Sunday avnr interior districts.
hm y States,
G«nr’:fla—‘ nir tonight, pmmim Hght
frost in northeast portions; Sunday fair,
not quite so (‘o:: in the interior,
North Carolina—Fair tonight, with
frost; Sunday falr, not quite so ecold.
Sovth Caroline—Falr tonight with frost
in the interior; Bunday fair, not guite so
cold,
Florida—Pair tonight, slightly cooler in
central portions; Sunday fair, slightly
warmer in northwest portion,
Alabama and Mississippi—Partly eloudy
tonight and Sunday; slightly warmer.
Tennesseo~ Faor mml{n, pmhum‘ frost
In central and eastern portions; BSunday
fair, warmer,
- e ———————
Aofllv‘yclmg to 'mln. directors of the
Compfinia Bwift International, when ¢
moat in Buenos Aires next week, 'mmxl’-
“Mi following the annual meeting of the
stockholders, will take dividend action ex
actly similar to that of last December,
when the 1% per coent annual basie was
established.
PROPOSALS,
Ai)vmt'flfli‘lflifl’l‘ FOR JOB PRINT
ING--Bids will bo opened at 10 m’%n.
April 29, 1019, for entering Ints comtraoct
for such job printing ns may be required
by the Zone Rupply Office during the re
mainder of the ecurrent fisoal year endin
June 30, 1919, Information and Mnng
forms will be obtainable at Room 114,
Transportation Bullding, Atianta, Oeorgla,
Touis W. Winterberger, (‘wnln‘ Quarter
master, Zoue Purchasing lene,
there can be no rivalry for a year. All
farm products will find an eager mar
ket abroad well into 1920,
Exports will increase, surely so if
Furopean oou:triu can place more
loans here, which is likely. Imports
can not increase apprecidbly: so,
whateéver the mutations on the stoek
exchange that may be caused by
varying technical conditions, the fun
damentals must aver euport antimism
To the presunt, the vast parvticipa
tion In securities has been stressed
by a large amount of outright buy
ing: large in total, not specifically. In
fact, the odd lots purchases are over
whelming commission houses; are
taxing the facilities of the best ap
pointed firms, whose staffs, though
increased, work past hours nightly.
igh | Low { e
___|Sale[Close
NY. Alrdbrake .o] ... . ....|_...|u§
Ohio (%lvuel Gns . .| 43%| 40100 42%6) 408
Pitta.cW. Va, Coal.| 373! 37%! 37% Sgfi
Pan-American Pete | 529 801 | 81% | &
DU WL . % A aavil paol 00l B 8
®ennsylvania . . .f 44 | 44 |44| 44
Pierce-Arrow . . .| 50%| 60%/| 50%/ 51
Peogle‘a(m.... sl aiisl sasel BB
P Btedl Osr . . . Tewqa |74 |lB
Pleree Ol ... . .| 34%] 24%] 2414] 24
l’utaburL‘t;,oal fie of sksel satil dasil BRE
Ray CofsolidateN .| 20% ’2% 20%) 20
Rmdlnßi d, LU T B4y |B6 ‘l
Royal übh (new) 102 1100%]102 9
B. L and Steel .| 86 | 84%| 86 |B2
Royal tch (new)(lo2 (10115 10214 99
Rock Island . . . .| 25%( 255 26%| 25
de. B W eB it el TR
do.’.;irel’. ki kil iSR
Ry. Steel Springs .| 85%) 885) 855 854,
Sears-Roebuck . . .{ ....{ .| ....[183%
Sloss-Shefrietd . . .| (i..08...1 ....] 68
Southern Paecific .|1093¢ 107 [IOB% 107%
Southern Railway .| 293 | 28%/f 201, | 28%
do. pref. . . .| 68%) 68%) 68%/ 68
Studebaker .. . . H ZS'K %6 76
Sinclair Oil .. . . a B | 65X s
Swift & Co. (Int.).| 88%| 88%| 884
TR OQUPDNF . & F .o oo il 38
Third Avents « ¢ of cio.) oi) 0 IS
Texas Ol , . . . .1918%|217% (218% nn&
Aokan Pastle ;. ol it bk sy 93
BRI N 5 o ol T d T
Union Paeific . . .[1311% 130 11313 129 %
0. PREE & o o) #3430 syl inosd 28
1. Food Products .| 76 | 74%| 74%| 74%
U. S. Rubber . . .| 87%| 87 | 7%/ 87%
O . kit et BN
U. & Steal’. . o .loi% 89%|101% {(l)g%
D PR, ¢ou of svesk » al s ads
U Cigar Stores . .|133% 1383 (133 1%&
n IR . . b oof i ial dEaP sl
Va-C. Ohemioai o .| 61%| 6i%] 6i% 811
Wataal 20.5 v o avos] beril il AR
S B . W} sl il %
Western Union . .| 86%( 8614( 86% §§2
Wflm. ak cgarl Fonil saw i
WONLWERER « s + of ssved osisl ines]3B6
Westinghouse . . .| 50 u: 9% 191 y
White Motors . . .| 68 | 573 68 | 67%%
Wilson Packihg Go.| ....0 ....{ ....| 82%
BONDS,
U. B Lib. 3%s . .|98.02/98.6298.62198.70
do. Ist 45 . . .|95.08(95,08!95.08(05.85
do. 2d 4s . . Jx.xels:.:s‘:a.seros.ao
do. 4%s . . .195.20195.186 96.20,96.20
do. 18t 44s . |95 88(95 8895 88 og.sn
do. 24 4%s . .[93.44 93.40103‘44: .50
do 4th 4is . .|93.36/93.34(93.34/03 30
» A .
usIC OVErS ttention:
' , °
If you want to see a picture of the prize song winner-—
If you want the music and words of the prize song—
If you want to meet the judges in the prize song contest face to face—
If you want to read the complete list of wirmers in the Hearst newspa
pers’ ?5000 Contest— ?
If you want to read a full-page feature, with interesting faets about this
unusual contest, be sure and get a c¢opy of The
Also there will be the usual comie features, and a page for boys and girls,
with special articles for THE BOY BCOUTS s ikl
- .
B L EANTADcEORGIAN g
St I RN s
WILSOMN < wiw gvyWwy gl witle /// 2 N
P e P e S
= oW | E
7 % Z
’ Vs
\ "k?{}{" e, got BSA 3
: ..'-;,:.}.:..,"1:."'- ,'.:,‘ '
\ NGB
NEE O v
, i
o /
' 7 #7 //{/ 7
M
).
WHAT DOES AN OYSTER EAT? OBODY KNOWS. But Professor Nelson intends to find out and he has
started a seaside laboratory and‘has connected electric wires with the ghells of a colony of oysters which
rings A bell whenever they®open thelr mouths
TWO UNEXPECTED ROMANCES OF THE RICH AND FASHIONABLE DREXELS. Mrs. Anthony Drexel (a 3
voreed) weds an unimportant Englishman and her son marries an obscure English girl to the dismay of
the Vigcountess Maidstone, the ambitious daughter who had married a Pritish Earls son,
YHE DASHING “HERO OF THE ARGONNE"—WAS A THIEF! Shocking end of the romance of Miss Cro
well, who was won by an impgster's false tales of herolsm, married him in haste, brought him home to her
gurpriged family and before even her” honeymoon waned found that he was only 4 common highwayman.
MRS. LEONARD THOMAS, POETESS OF FASHIONABLE SOCIETY. A poetical study of her new volume
of verse which. the well-known social leader has just issued under the pen of Michael Strange,
THE COUNT OF MONTE CRISTO OUTDONE IN REAL LIFE. Chapter XI. Secrots of the extraordinary
career of Jacques Lebaudy, recently killed by his wife, reveal almost lncredible exploits of this real pere
sonage which entirely eclipse the imagination of the great novelist,
LADY DUFF-GORDON FASHION PAGE.
‘MOON OF ISRAEL,” Sir H. Rider Haggard's newaest and greatest novel,
HEALTH, BEAUTY AND THE HOM&. Interesting and instructive articles by the household efficiency exe
pert, Mrs. Christine Frederick, and the most famous living beauty, Mme. Lina Cavalieri
|
l NEW YORK, April 26--Speciaiffes
‘were Yrominent in the trading at the
‘npening of the gtock market today, with
‘Royal Dutch of New York attracting
‘most attention, that stock again being
\bough_t by the same house noted as
taking neariy aii the siock itraded In
'during the last four days, and advancing
21 “points to 102. At the same time
Mexican Petroleum was in supply, drop-
Ping one point o 180 3-4. General Mo
;lora was another strong feature, mov
ing up to 181 3-4.
~ There was continued accumulation of
Philadelphia Company, which rose 7-8
to 421. Marine preferred made a gain
of 7-8 to 117 3-4. Texas Pacific was
actively traded in. but was pressed on
the market. and after opening up 1-4
at 48, broke to 4563 within a few min
utes.
Steel common ranged from 100 1-8
to 99 7-8.
The raillway stocks were in demand
again for a time, Misgouri Pacific ad
vancing to 20, against 27 8-4 at the
close yesterday, and Southern Pacific
rose 1-2 to 107,
Prices turneq extremely strong in the
final trading, vigorous buying carry
ing many stocks up to new high prices
for the week, The Royal Dutch issues
were again the most prominent, the
New York shares moving up to 106, a
gain of 6% points, while the American
shares sold up to 107 1-4, an advance
of 8% points. Steel common, on large
buying orders, moved {ip over 1 point
to 101 1-4. - Southern Pacific was also
in very good demand, moving up to
above 104, and closing but 1-8 under
this, Good gains were showmn in the
other railway issues. Marine preferred
was finally 117%, Bethlehem Steel B
76 1-4, Mexican Petroleum 177 34§
B%ldwin 91 5-8, and General Motors
180%, ‘
The market closed strong. Govern
ment bonds unchanged. Railway and
other bonda‘at.rm\g, |
NEW YORK CUHB MARKET. |
Opened and closed steady, \
wOpening. Cloaing.
Aetna Exp, ... 19 @ 104 @ 10
Ang-Amn. Ol .31 @ 21% 21 @ 21%
Chevrolet ..iv0vee....2108 2108
Consol. Cop, .. 4&? b 4% ¥
Coaden Oil .... %@ 9% 9@ 2%
Curtiss Aero. .. 11 @ 13 11 1
Houston Ol .. 97 @IOO 9T @ 9 |
Ind, Pipe ......106 @IOB 106 @IOB ;
Inter Petq ... 30 @3l 30 g 30%
1. Val. Coal .. 80 @B6 80 85 ‘
Magme ........ 9 &}2(l 29 @ N
Marcomi ....... IY@ 4% iY@ 4%
Merritt Ol .... 32X @ 33% 2@ 83
Midw, Ol ... 1 9-916@ 1% 1 9-16@1%
Midw. Ref. ....177 @177% 178 @177
N. A Pulp .... B 0 5% 85%a 6
Ohio 01l ~....380 385 380 @386
Prairie Oil ....685 GO6B 685 @695
Sub. Boat ..... 15%@ Y% 15%@ 16%
8 O, N Y. ..183 @ 383 @387
8.0, N 1 ...713 @ll 713 @717
8 00, Cal, ...283 @287 283 @287
80, Ind. ..810 gxzn $lO @R%O
Union Tank ...116 @llß 116 @llß
United Motors . 46 @ 49 46 @ 49
Vie, O .. ... NG B 4% @ b
W-Martin “-h.fg an i@ 3%
Cong. Ariz, ..... I%@ 3-16 1% @ 8-16
Niplssing ...... 3% @ 8% 8% @ 8%
B! and Wyo. Oil, 38 940 38 @ 0 |
Glen Rock Oil . 6y 61% 6% 64
Isl, Oil & Tpt. . 8% @ 8% Sl 8%
N.'W, Oil ... 62 @ 65 60 66
BBE i ‘:%g 214 2%@ 2%
Sapulph icesis. B ) 8% 8 @ Ry
Boone Ofl ..... 6%@ 0% @ 6%
i Victory Loan Terms
3 (Tax’ exempt feitures and other es
s AMOUNTB4300.000:000.
o 3
Rfim—lfim m{&n-«mfl« per
g;mt emvmmwco fall tax-exempt
i r
’&%’s’vfl"‘%.g’.x, Your
quarter per cent notes will con =
“lo at option of holder agt
fe into 3% per cent nm:rfl per
mn notes mgy be reconve! in
© ner.
”D.A‘?gl')-—flwu 20, 1919. Due May
3 ,
INTEREST—PayabIe’ June 15 and
December 15,
CALLARBLIE-At par and interest on
) June 15 or Deécember 15, 1022,
| TAN EXEMPTION—Four s:d three
?msr(«r E‘H cent_ notes will exempt
rom Sfate, local and normal Foaerfll
income taxes, sxemt estate and inher
itance tuxes; 434 per cent notmofi
) verted inte 384 rfl cent notes be
exempt from all taxatien, except es
§ tate nng“ inheritagce taxes.
| PRICE 100 and interest,
{ LIBERTY BONDS—Nane of the for:
“ mer issues of Liberty Bonds are con
i vertible into these Victery Loun notes,
e e i Pt nd
ATLANTA LIVE wfl MARKRET.
(Cerrected by W, H. ite. Jr., President
of White Prevision Company. U, 8, Feod
Administration License Ne. 0-21371.%
uuodo to choice steers, 8560 to 1000, sll
to 11.60.
Good steers, 750 to 850, 10.00 to 10.50.
' Mmh‘\)un to good steers, 600 to 760, 9.50
to 10.00.
} Medium to chofee beef cows, 7650 to 850,
9.00 to 9.50,
‘ i\godoium to good cows, 650 to 760, 7.50
to 8.50.
\to%ngai to choice heifers, 860 to 650, 7.50
| The above represents ruling prices for
\gvod quality fed cattle. Inferfor grade,
airy types and range cattle 3untod below:
. Ngitz)ium to good steers, 700 to SOO, 8.50
o . .
Megi‘:um to good cows, 600 to 700, 7.50
to 8.50.
Mixed common cows, 6.00 to 7.00.
Good fat oxen, 7.60 to 8 50.
Good butcher bulls, 7.00 to 9 00,
Choice veal calves, 7.00 to 9.00,
Yearlings, 6.00 to 7.50.
Prime hogs, 130 to 165, 13.25 to 13.75.
Light pigs, 80 to 100, 11.76 to 12.76.
The above applies to good quality mixed
fed hogs.
ST. LOUIS LIVE STOCK MARKET.
ST. LOUILIS, April 26.—Cattle: Receipts
350; market steady. Native beef steers,
11.60@18.50; yearling steers and heifers,
9.50@16.00; cows, 10.50@013.50; stockers
and feeders, 10.00@13.60; calves, 7.75@
15.60; Texas steers, 10.00@18.00; prime
Southern steers, 7.50@15.00; beef cows and
heifers, 6.50@8.00.
Hogs: I{pu-l;.tn 7.000; market moudz.
Mixed, 20.26@2090; good, 2085@21.00;
rough, 15,00@19.50; lights, 20.206@20.65;
pigs, 15.00@19.26; bulk, 20.26@ 20,90,
Sheep: Receipts 800; market steady
Bwes, 13.000p14.560; chop;wrs and can
ners, 4.50@11.00; lambs, 20.00@20.25.
| JACKSONVILLE LIVR STOCK.
Hogs: Receipts medium; prospects
Steady; extra choice heavy, 18.50@19.00;
ordinary choice heavy, 15.00@18.25; rough
heavy, 16.50?)’:450; lights, 18.00317.76;
pigs, 14.00@15.00; range hogs, 12,00 @13.00;
range pigs, §.00@9.50.
Fod cattle: Reveipts medium; prospects
steady; steers, 7.00@12.00; bulls, ?.OO 9.00;
yearlings, 6.00@7.00; cows, .st() 9.5(.);
heifers, 6.50@9.50; veal cglvea, 8.50@12.50;
canners, 3,560 uu—wnfl&mm & Dennis,
April 28,
STOCK h AR{ET OPINION. |
Harris, Winthrop Co.: “The ability of
the market to withetand the unsettling
news from abroad and the ease with which
#tocks are absorbed show that it is upon |
a firm foundation, There may be somg
evening up of commitments today, but waé
believe there is a large enough short in
terest to prevent any decided setback as
yat."'
FINANCIAL BUREAU ON STOCKS,
NEW YORK, April 26,-—The interna
tional situation scems to be better, Tho‘
oil ecrowd continues bullish on Missouri
Pacifie, Texas and Pacific, Southern Pa
cific, Rock Island and Atchison. Foreign
interests are buyers of Royal Dutch. Phil
adelphia Company stock is exrected to do
better, Good buying s still found in
Westinghouse. Pool channels are friendly
to American Linsead, American Cotton Oil
and Associated Dry Goods. ‘
CHICAGO, April 26.~—There was
fairly general gelllng at the ope of
the corn market today, but the ‘
was not as heavy as was .
lSome of the early sellers later turned
to the buying side. Opening prices
were 1 to 3 3-8 lower with only a fair
volume of business,
Oats were 1-2 to 1 3-8 lower at the
start on fairly general selling but re
covered after the opening on buying
by leading commission houses. Trade
was light,
Pork and ribs started higher and
there was little interest shown in lard.
Corn reached about a cent from the
top levels, closing 1-8 lower to 1-4-
cent higher, and oats closed unchanged
40 1-4 cent higher, Prowvisions were
irregular,
Grain quotations:
Open. High. Low. Ciose. Close.
CORN-—
May 1.68% 1.71% 1L67T% 170 1
.lnl);_ LGTfiz l,g:’h 1.66 1.63: }m’
Hep! L Lsl 1.64
[ OATS—
May Tl% 2% 71 72 %
July % 72'% 702 72
Sept. 69 69% 68 89 9%
PORK-——
May 53.35 53.45 53.35 653.36 53.50
July 651.70 651.85 51.50 51.76 51.66
LARD-~
May 33.00 3300 3276 32.87 32.65 |
July 3196 32.20 31.60 3192 3136
i RIBS-—
May 28.87 28.96 28.87 28.87 28.90
July 28.26 28.55 28.20 28.35 2217
CHICAGO CAR LOTS
OHICAGO, Aprd 26— Following are we
ceipts today:
WHeAt .. ccmcaccecmmene concommnneean 13
COPR oo sinisinre o e quiinasbii m
ORED aiiess on it Soiwwbs comie
Hogs o bt sv i
\
\ GRAIN NOTES. "
7 OHTCAGO, April 26.—Corn: It mow de
‘velops that the “war bread” cable whieh
created so much excitement yumd&; was
considerably misinterpreted. Mr.
states that the return %o war bread basis
will be confined to Buropean countries, it
being found that wheat stocks here are
sufficient to meet home consumption and
export demand until next harvest. Inas
much as the short interest in corn tnfht
was completely eliminated by yesterday's
flurry, the above explanation of Hoover's
statement should restore the market te
something like a normal condition. Wa
believe there is a growing impression that
the extreme advance from low prices pre
vailing three months ago has fully dis
counted the immediate -muuaw—'i'h‘-
son, McKinnon & Co.
GRAIN MARKET OPINIONS,
Clement, Curtis & Ce.: “Buying will %o
the attractive feture of grain.™ &
s s »
E. Wagner & Ce.: “There are many Se
lievers in higher prices for grain.™
NEW YORK PRODUCE Mllq-. 1
NEW YORK, April 26-—Petroleum,
Crude Pennsyivania, $4.00,
Turpentine, easy, 71%?;?26.
Rosin, easy. Common A
Hides, firm. Natlve steers, 37%@28%e.
Branded steers, 26% @26%c.
Coffee, firm. Options opened 10 to 27
points higher. Rio No. 7 on spot, ISe,
asked.
Rice, quiet. Domestic, $% @lO% ¢,
Molasses, quiet. New Orieans open let
tle, 76@8%82¢c; black 'ufi' 12@17c.
Potatoes, irregular. earby white, $4.00
@65.75; Bermudas, $6.00@12.50; Southern
sweets, $2.50@ 10,00,
Beans, steady, Marrow, choies, $11.75.
Pea, ohnir'e,& $7.50@7.95; red |kidney,
chotee, $12.2
Dried fruits, strong. Apricots, choice
to fancy, 28@34c; !Prh‘u evaporated,
prime to fancy, 17% @l9%c; prunes, 30§
to 60s, 21@24c; 60s to 100, 11% @2oc.
Peaches, choice to fancy, 20@23%¢; seed
raising, choice to fancy, 10% @lßc.