Newspaper Page Text
Atlanta Spot Cotton Booms Nearly Cent a Pound to 32 1-2 as Result of Sensational Rise of Molg_l@ans7 a Bale in Futures
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By VICTOR BARRON.
Atlanta bank Clearings Saturday ... ... ... .....$0,005,136.93
Same day last year... ......... eee ser aee vee0..5,738,198.01
b
INOTROR ioi ee e BMtel e e ..$3,271,938.02
Same day last week... ... .c. evn cen on vee ... $9,266,385.17
Same day 1917 411 558.
: FIOIT .. ..o oeu ey ie ek neee on 0 $3,411,508.31
Atlanta clearings for week ....... «..... e...... 558,768,726.16
Same week last year ... ... ..o sel vee wee e 37,432,303.91
TOOPORBO ... s evovnn sovevsfosbobsnpn hye ...$21,336,421.25
LAI WOBKE /. . i voo Bid My ieis s ay Fuytive e 56,023,799.91
Same week 1917 ... ... iy sgeai ke x b e 21,611,327.89
»
Atlanta spot cotton Saturday ........ ceeoen sevnen vere..32.60c
Same day last Week ... ... c.oieen cen sniien sevens ....30.40c
Same day last Year ... ... ..o see ces wes maseenn ...28.40c
Same day 1017 ... sec wloe it ain ene waTen cens G
*
»
Atlanta cotton statement Saturday:
3 1919. Last week.
ReotiPts ..o wue sos mag sve wuelnme enb aye 1,718 - 870
Shipments ... .. coe vee oes ses sve vee onn 1,075 . 1,288
BEOOIE iiy banhe e wsewlyE ...30,182 28,596
BUllh o n i A eae s ey e w b el 1,000 1,500
- * ®
. In one of the most sensational rises witnessed since the upward move
~ment started, cotton boomed to the highest leyels since early last fall.
Atlanta spot cotton leaped 95 points to 321 cents per pound, or
e TOOTE than 2 cents above the quotation of a week ago and
| almost 7% cents higher than the season’s 10w—25.05
ot R cents—recorded January 24 and repeated on February 6
e 5 and T. .
b The vigorous rise here was due to the sensational
. .-~ Wgadvance in futures and greatly increased demand by
ety .. W@ exporters and domestic spinners.- One Atlanta spot firm
s g . | stated that there is not half enough offerings to satisfy
K;r” Lo g the demand. He said that he could have sold more than
R * { 5,000 bales Friday, but could not interest holders.
g& s Under the impetus of aggressive buying by trade
Poim e | houses, spot firms, Wall Street and foreign interests,
3&@5 # together with hurried buying by shorts, future contracts
Lalee g soared upward to new high records. Heavy rains over
L i Texas, together with indications for more over Sunday,
S i bad crop messages, low temperatures and extraordinary‘
Gl B demand for the actual, threw the trade in a stampede
& e for contracts, which were comparatively light, At the
ot T | start futures at New York were 6to 78 points up, and the
s 118 t at New Orleans showed a gain of 36 to 55 points.
y After the call reports began to come in from ,Texas, telling of a rainstorm
in that State and Louisiana. This was followed by extremely bullish dry
goods news. A cable from Fall River stated that the week’s sales of goodsi
amounted to 320,000 pieces, or double the weekly production, That was |
suficient. The trade became wild buyers and prices shot up like a sky-‘
rocket. Futures at New York boomed to a net gain of 108 to 148 points,
with the top levels being recorded right on the close. December led the
rise, leaping to 30 cents, while October soared to 30.45. July jumped to
31.10, January 29.77 and March 29.55. At these levels the market exhibited
a net gain of more than 350 points—sl7.so a bale—from last week’s close,
or almost 1215 cents a pound above the low of last January, when July fell
to 19.15 and October to 18.02.
At the highest the New Orleans market showed a net gain of 94 to 159
points, with January leading, reaching 29.24. March rose to 28.48. May
jumped to 31.80, July 20.74 and October to 29.75. At these levels active
positions stood virtually 12 cents above the season’s low, when October fell
to 17.74 and July to 19.:30. ;
When those absurd prices were recorded I stated in these columns
that they never would be repeated during the season, and called the &rade's
attention to the cheapness of fall deiveries and advised mills to buy. And
' now mills are camoring for those very same options at more than S6O a
" bale higher, and gladto get them at that. Southern spot holders who have
stood the test and shown real Southern courage and patience now are being
rewarded. And the most gfgnificant feature of the big rise is that holders
are turning loose comparatively little staple, indieating that they still are
khoding for much better prices, which are inevitabe, providing they market
the remaining bales slowly. Foreigners are scouring the South for cotton,
which has awakened domestic mills.
The continued buoyancy of the security market also has brought con
siderable buying orders in the cotton marxet from that quarter.
Crop experts assert sthat if the ‘weather continues rainy for another
week or two there's no telling where the market will find a resting place.
Predictions are being made that prices will go to 35 cents and better on
this move. And just the moment the peace terms are signed and the
embargo is lifted from cotton the South will witness one of the greatest
scrambles in history for cotton. v T
e s
+ BIG GAIN IN CLEARINGS.
CHICAGO, May 24—Unexpected fa
vorable weather induced considerable
gelllng of corn at the openin% today and
prices declined rapidly. First figures
were 1-4 to 1c lower than the previous
close and further losses were sustained
immediately after the start. On the
extreme break commission houses took
the offerings.
Selling of oats at the start was gen
eral in character, commission houses
and locals belng active. Opening prices
were 1-4 to 1-2 lower. Buying support
was weak.
Provislons started firm for lard and
lower for ribs. Trade was dull.
Corn closed 8-4 to 2 cents lower and
oats closed 3-8 to 1 3-8 cents off.
Grain guotations:
Prev,
Open. Iligh Low. Close. . Close.
CORN--
May 1.79 1.79% 1.78% 1.79 1.79%
July 1.64% 1.641% 1.62% 1.64 1.65%
Sept. 1.67% 1.57% 1.65% 1.56 1.58
OATS—
May 68 8914 68 6814 691
July 67% 67% 66% 67 % 6815
Spt. 641 643 6318 63% 6415
PORK—
May 53.90 53.90 §3.90 53.90 53.90
Jly 49.00 49.00 48,10 48.25 49.10
.ARD— 5
May 33.00 33.00 32.75 32.75 33.05
Ty 30.85 30.85 30.56 30.62 30.80
BB L i s rae 30.30
RIRS-—
May 29.30 29.30 29.20 29.20 29.26
Jly 27.00 27.00 26.77 26.82 26.60
CHICAGO CAR LOTS
CHICAGO, May 24.—Following are re
ceijts today:
RO i niv ss s eodd S E ev ae e SBT 7
CIOPE | ibk vaes es bridigrs s G Ped N Y 481 56
I hiisv ey v ntt sty eadg iiy 85
NTT el 8,000
CHICAGO CASH GRAIN.
CHICAGO, May 24, —Cash corn No. 2‘
mixed 1.80, No. 3 white 179@1.80%;
No. 2 yellow 1.81; No. 3 mixed 1.80;
No. 6 white 1.78; No. 3 yellow 1.79@
1.8¢: No. & mixed 1.77@1.78 1-8. |
Oats, No. 3 white 67 3-4@69 1-4; No.
4 white 68 1-2; standard 69 1-2@70. |
e |
N GRAIN GOSSIP.
CHICAGO, May 24 —SBentiment locally
favors recessjon in corn prices because of
expected increase in receipts next week,
lower hog prices and bhecause of resales
of army accumulations of foodstuffs. There
js at same time a jack of general interest
on the investment side of the market. With
all these conditions the market piainly
shows resistance to pressure recovering
readily from all depressions. The Kansas
State report estimates corn acreage as only
70 per cent of last year with 60 per cent
planted 28 against 84 a year ago.—Thom
son, McKinnon & Co.
- - .
A mixed situation exists in corn, There
are numerous bearish factors, the main
one being-the. price as locals see it. Their
viewsz have not agreed with those of tha
country holders Ww ho have been the real
price makers on this crop. At present they
are not as much a factor as the feeding
Aemand is lJess active and hogs which have
wen the basis for much of the hulfie in
corn have decline d
Nearness of the new oats harvest in.the
aguihwest where some cutting is aiready
under way jeads to hearishness and short
swelling agong local traders.
" Reflecting the sharp rise in cotton
and general improvement in all lines
of business, ag well as the big revival
in building operations, Atlanta bank
clearings this week were the largest
in several months, aggregating $58,-
768,725.16, a 8 compared with $37,432,-
303.91 the same ek a year ago—a
gain of $21,336,421.25, and more than
'52,000,000 in excess of a week ago.
Clearings for the day also showed a
heavy increase over the same day
last year—s3,27l,93B.o2—the day's to
tal being $9,005,136.93,
~ Following shows clearings for each
‘day this week, compared with a year
ago:
- Day— This week. 1918,
Monday ..$11,126,573.72 $7,678,441.75
Tuesday . . 8,830,990.95 5,738,404.03
Wednesday 10,396,776.99 6,677,677.30
Thursday . 9,235888.27 6,004,145.48
Friday. . . 10,173,378.30 5,800,436.44 )
Saturday . 9,005,136.33 5,733,193.91
| . e |e| ot
. Total . .$58,768,725.16 $27,432,303.91
et
}WMW»
g WEATHER FORECAST i
AR AA A AAR A A
Following is the weather forecast for
the cotton belt during the next 24 hours:
Georgia—Showers probably tonight and
Sunday.
Louisiana~—Thundershowers, strong
southerly winds, probably squalls.
Arkansas—Cloudy, local showers, except
fair west.
Oklahoma—Tair,
East Texas—Cloudy, probably thunder
showers east. Sunday generally fair, occa~
sional moderate gales.
West Texas—Generally fair, warmer.
Carolinas—Showers probably tonight and
Sunday. . ’
Florida—Rains probably tonight and
Sunday.
Alabama and Mississippi—Rain and
thundershowers. '
e e it
GRAIN MARKET OPINIONS, ]
E. N. Wagner & Co.: “The difficulty of
breaking corn on recent receipts has been
obvious.”
4,98 \
Hulburd, Warren & Co.: “TLarger arrivals |
of Argentine. are predicted in near fu
ture, ”’ ‘
g 0 e ;
Clement, Curtis & Co.: ““Lateness of new
crop will bring buyers to market on de
clines.” ‘
a 8 |
Bennett & Co.: “Corn prices may now be
on debatable ground.”
( NEW PRODUCE MARKET.
NEW YORK, May 24.—Petroleum firm;
crude Pennsylvania 4.00.
Turpentine firmer, 8§6@86.
Rosin steady; common 12.00 asked.
Hides stronger; native steers, 33 1N 365
branded steers, 29% @36%.
Coffe weak: options opened 20 to "‘5
points lower; Rio No. 7 on spot, 19"'«@19 &
Rice stronger; domestic 614 @ll%.
Molasses dull; New Orleans open kettle,
76@82; black strap, 12@17.
Raw sugar steady,
“Refined sugar unchanged
Potatoes firm: nearby white, 2 22@5.50;
Brmudes, 2.00@9.60; Southern sweets,
3.00@ 9.00..
Beans unsattled; marrow choice, 11.75;
pea choice., 8.00; red kidney choice. 12.25.°
Dried fruits strong; apricots, choice to
fancy, 30@35: apples, evaporated, prime to
fancy, 1832 @22, prunes, 30s to o=, 27@
20 60s to 100 s, 14@23; peaches, choice to
fancy, 24@27; seeded raisins, choice to
fancy, 15@22.
EaMARKETS AND FINANCIAL VSB
NEW YORK, May 2{.--Heavy and
general rains over Texas caused a re
sumption of heavy buying in the cot
ton market at the opening today and
first prices were 15 to 80 points higher,
reaching new high levels on the pres
ent bull movements, Most of the
strength was in new crop deliveries.
The opening was 6 to-78 poitns higher.
After the start the demand fell off a
little but the undertone remained firm
and at the end of the first twenty min
utes the market was 72 to 78 points
higher. Later another pig buying wave
appeared, sending the list to new highs,
or 68 to 98 points net up, October reach
ing 23.98.
Buying continued in enormous volume
in the late dealings, with prices rising
to new high records. Julg soared to
31,10, October 430.45, December 30 cents
and January 29.77.° At the higheat
marks the market stood 108 to 148
points net higher. Heavy reallzing near
the close made iittle impression, as the
best levels were scored as the final
gong sounded.
At the close the market was 88 to
143 points net higher.
Spot cotton was raised 105 points to
32.60.
. NEW_YORK COTTON ____ l
[Open. | High. [ Tow. 18alel” Close. _[Prv.Close.
July 230.08|31.]0,30.05531.10|30.FU-1UH0.02-lU'!
Oct. 29.1in:}0.45'29.60!30.:78v30.35~4u':u.04-ul,
Dec. [29.30(50 00/29.24(29.95/29.96-50 28.52-62 |
Jan, 29.15!29.77!29.00‘20.75 29.70 [28.40-50
Mar. [28.80/29.5628.75129.55]29.55-60/28.20-28
Au. }..4..§.....',....'.,...3L10 { dadiha
W, ]ik RS ]l
WV Lenenadss o]y MRI pe 7iBN B 8 " |o g
b Ll R I .0
Closed strong.
it et
| NEW ORLEANS COTTON
|Open. [Tigh. | Léw. {L.Bale| Close. [Prv.Close.
May |31.33}31.80(31.80{31.80|31.40-42/30.80
Jly {30.15{30.74/30.10{30.70/30.60-70/29.80-85
Oct. 28.56‘29.75 28.56129.15|23.58-75|28.22-26
Deec. 128.45129.45128.40/29.45|29.40-4527.90-95
Jan. 128.17{20.2“28.17\29.24:29‘24 127.65-67
| ME._JE3.68188.99]35.48)36.45]38.96-0017.4%-97
i Closed firm.
et
SPOT COTTON.
Aflanta Commercial Exchange quotes
basis good -middling, 32%; sales Friday
1'03) bs]”l‘ A' fl »
Vew Orleans middling 30.%; sales 3,-
040 bales; arrived, 450. . » '
Liverpool, middling, 20.484.
New York, middling, 31.55.
Savannah, middling, 30%.
Boston, steady, 31.25. ®
Augusta, middling, 29%.
Philadelphia, middling, 31.80.
Charleston, middling, 29%%.
Wilmington, middling, 2915.
Norfolk, middling, 29.13.
Memphis, middling, 30. .
St. Louis, middiing, 29%.
Dallas, middling, 31.15.
. Mobile, middling, 29.
Galveston, middling, 31%.
Houston, middling, 31.50.
Little Rock, middling, 29%.
Montgomery, middling, 283%.
ATLANTA COTTON DIFFERENCES.
Middling falf ......c.esceeeveooo4.l63 0D
Strict Goed Middling ... .........138 on
Good MIdAUNE .......evtoooooooo44llo oM
Btrict MIAANDE .....cceovvsensessss 62 00
Mlddllnt ............-..............8u1d
Strict Low Middiing ............226 0
Low MIGAINg ......ec.ccosoooes.,Boo off
Yellow Tinged,
Goood MIAAUNE .....covecnsseness:l7B off
Strict MIdAING ...oo.coccosraesss.3oo Off
Yellow Stained.
GOOAd MIAGHDE - ..o vconivnnsssans 500 Off
e
ATLANTA COTTON SEED PRODUOCTS.
w U. 8. Fixed
Deseriptions— { ¢ Prices.
Crude oii, basis prime............. 117
Cotton seed meal, p. ¢ common... 855.00’
Cotton seed' meal, 7 p. ¢, Georgia
common rate point ............. $66.00
Cotton seed hulls, 100ze........... $16.06
Cotton seed hulls, sacked ........nominal
iy
COTTON NOTES.
Thomson, McKinnon & Co. says: “There
ig little in the overnight development that
is at all of consequenceg. The outstanding
feature is the bullish views entertained in
trade circles. This would lead to the be
lief that theré has been considerable spec
ulation going on in finished goods. Grant
ing all the argumeénts that are now put
forth and which has bheen anticipated for
some time we aré still of the opinion ex
isting leyels ‘are sufficient for the present
and advise reducing Eong lines.”
! * .
. s
The Times-Picayufde says: “While there
was a marked tendency Friday towards re
alizing on the part of longs, owing to the
delay in the peace negotiations, there was
a good undercurrent® of strength which
brought about good rallies, There was also
trade buying in evidence which served to‘
absorb the offerings. I'or the moment the |
situation is compiicated by the decline in
foreign exchange, and the difference be
tween Amerjoan marikets and Liverpool is
being widened to meet the increased vnst‘
of transferring gotton- acrosz the Atlantic.
Nevertheless, all available tonnage for the
current month and June has been ahsorb
ed indicating that the check to exports will |
be but temporary.
“The big sales of spots in Southern.nar
kets during the past few days indicate
plainly that domestic spinners after hold
ing out for months, are again in the mar
ket on an extensive soale in competition
with exporters. As prices have now reach
ved the levels at which many holders in
the South were atming, it was not un
natural that offerings should come out
more freely, but many holders look for
even higher prices, hence any recession of
values in the intericr would in all prob
ability cut off offerings mpmptly.”
N .
The weather map shows fair in Ala
bama and the Atlantics; cloudy over rest
of the belt. General rains in Texas, Okla
homa and Arkansas; heavy in some locali
ties of Texas; still raining in East Texas.
ATLANTA PROVISION MARKET.
(Corrected by the White Provision Com
pany—U. S. Food Administration License
oN. G-2137L.)
Cornfield hams, 10-12 ........... .$ .38
Cornfield ‘hams, 13«14 . ..oiiy..ooo +BB
Cornfield sacked hams, 16-18 .... .38
Clornfield picnic hams, 6-8 ........ .28
Clornfield breakfast bacom ....... .60
Cornfield sliced bacon, 1-pound
boxes, 12 L 0 CABB. oy, s s saisss s .58
Grocer's bacon, wide or narrow A 0
&Lornfield pork sausage, fresh link
of DULK i itcoinodansarhordsnsss .24
Cornfield wieners, in 10-pound
CRTtONE. o SSR iR gh eo' « .22
Cornfield wieners in 12Z-pound Xkits
o plelld 5. 7. 005 iania s b os . 3.26
Cornfield Bologna ' sausage in 25-
pound DOXes ......:icocconieen- .20
Cornfield smoked link sausage In
26-pound DOXesS ......iviev.o- .20
Grandmother's pure leaf lard, tierce
baste iil iy viv il iy L 36%
Country style pure lard, tierce
DRI i s sk TR eo s o 3D
Compound lard, tierce basis .... 2614
D, B Rutel ST i e 3D
D). 'S. bellies, medium average .. 13
D. 8. bellies, light ayerage ... .33
— e
ST. LOUIS lIVE STOCK MARKET,
ST. LOUIS, May 24—Cattle: Receipts
600; market steady: native Dbes teers,
1 11.504018.50; yearling steers and heifers,
9.50@16.00; cows, 10.50@13.50 stockers
and feeders, 10.00@13.50; calves 1.70@
15.50; prime Southern steers, 10.00@14.50;
beef cows and. heifers, 6.50@8.00
IHogs: Reeceipts 500; marke teady,
mixed, 20.15@20.70; good, 20.60@20.76;
rough, 16.00@19.75; lights, 20.1 120.50;
|;-ip.~:, 15,50 @ 19.75: bulk, 20.20@20.5
Sheep: Feceipts 600; marle steady
ewes, 13.00@14.50; choppers an anners,
5.00@8.50; lambs, 18.26@18.75
JACKSONVILLE LIVE STOCK
Hogs: Reeceipts light; prospects steady.
| Extra choice heavy, 18.50@19.00 tinary
| choice heavy, 18.00@18.50; rougn leavy,
| 17.00@18.00; ‘lights, 16.60% 1> pigs,
i 13.00@14.00; range hogs, 1 @12.00;
‘1 range pigs, 7.00@R.00
| Cattle: Reeeipts mediun speets
| steady: “sieers, b.O0@12.00; ) .25
| 8.50; vearlings. 5.00@7.00 7
| 8.00: heifers, 5. 00@%.5¢; vea 8.09
| @12.50; canners, 35.00 up.—W ison &
Dennis, May 23.
¢ S
: 3
) 0
Exports For 10 Months
. Increase $821,000,000
; Cl ’ ’ :
$ Exports from the United States for the ten months ended with |
2 April of this year totaled $5,705,000,700, according to the Department |
{ of Commerce. This is an increase of $821,000,000 over the ten months §
§ in the corresponding period last year. 0
g In the month of April imports valued at $273,000,000 showed an |
{ increase of $5,000,000 over the month of March, when they were g
¢, valued at $268,000,000. As compared with the month of April last %
! year, the imports for the month show an increase of $6,000,000. ?
$ For the ten months ended with April, imports are put at $2,474,-
! 000,000, an increase of $112,000,000 over the corresponding ten $
§ months last year.
‘W\ ;AAWMWM\/WV-MWWW
AR A A A AAR A NP
' New York Stock '
i INew York Stoc uotations
E LAR Ao I o i sind
Market closed strong.
Total stock sales 896,600 shrares.
Total bond sales $5,678,000.
Total stock sales for week 7,800,700 shares.
Total bond sales for week $67,634,000.
——————————————————
|High | Low IL:-!IPN\'.
SBTOCKS— 1 | |Sale|Close
Allis-Chalmers . . .| 424 42% | 42%]| 42%
doiu'el'. L B RS ee e Naeel DN
UG B SO S e )
Amn. Int. Corp. ..| 92%) 92 |O2 92%
Anin. Agri. . . .|110%[110%(110%]107%
Amn, B. Sugar . .| 80%| 80% 80% 803
Amb. Can. . .. .| 5641 6B ]su. B4t
Amn. Car Fdry. . ../102%(102%4(102 % 102
AmmrCot. Ol ~ .| ...:of ssvel sees 6614
Amne loco. . . .| 83 813% |B3 81
Amn, Smelting . . 79*‘ 703! T9%| 8%
WDR F ) sans] ek vhiisy o ORT
Amn. Steel Fdrs. ..} 37 \37 37 36%
Amnu. Sugar Ref. . Lok el I
Amn. T, and T. . ,IIOG 1106 |lO6 [106%
Amn. Y?Olen «o of 85%1.85 85 8445
Amn. nseed ~ .| 64 64 64 63%
40 PERL. v o) sl erni] e 94
At G aBE WT . ]| seidd el i {3OB
Amn. H, and L. . .| 33%/ 33%/| 33%] 33%
-do pref. , . .|1122 1203 {122 1121%
Amn. Malt Corp. . .i 4 b 4 4 3%
Rann Tah il bl gl .. ++}3oß
Amn. Sum, Tob. . .JlO7 (107 (107 |106%
Amn, Tee . .... .| 66%( 65%/| 66%/ 56 ‘
Amn. W. Paper . .| ....| ..o} <220 414%
Alloy ‘Steel . ... 155 lsm 5%} 53% |
Alsikca Gold . . .| ...of sk sane 3%
Anaconda . . . . .| 69%| 68%| 69| 68%
Atchison . . . .]IOO 9814 (100 97 %
At. Coast Line . . .[lO6 1106 (105 104
Baldwin Loco. . . .[loll}loo% 1007%{100
Bal. and Ohio . . .| 643 | 54%| b 4 543%
Booth Fisheries . . | 23%| 23%| 23% 238
Bethleliem Steel , .| ....] sssif -oo:] 8%
do pref. o o o saex] aiss vains IR
Beth, Steel B . .| 79 | 78] 78%) 79
Brook. R. T. ... .| 26%| 26%| 26% 26&
Butte Superior . . .) ... o) an 24
Butte C. and Z. . .| 13%] 13%]| 13%| 18
Cal. Petroleum . . .| ....| «cov] «oen 31%
Can. PacMic . . .} ....}) ... ....1“*
Ches. and Ohio . . | 67%| 67%| 67%] 66
C.and N. W. . o ] «oai] coes <SIBO
Col. & and L. o .| 42 47 47 4614
C., M. and St. P. , .| 45%| 45% 45%) 45%
Qo DURE i ] v iB B
Chino C(g)pet .. .| 32| 32| 323 38%
Colingl G vo] esis) wons) bR
Coxn Produets . . -| ..« 2s.:] s2o3] 883%
Cructble Steel . .| 77 761 | 76% | 76%
Cubbn A Begar-. .| «iodiise.] 01388
Cuban C. Sugar . .| 35%/ 35%| 35% 35%
Casgt Iron Pipe ...| 27 26%| 27 26
Central Leather ..| 93 92 ‘93 915
Chile® Copper . .. uz: 24| 24%%] 23%
Chandler Motor . .[187%[179%4[187% 130
Columbia Gas . . .| ..co} «ocof ooce 47
Oorre-de~-Pasco . . .| .iei] c.od] coii] 44
Oolt R .. .. SF il oo hanvi) NER
Dol Aut B, o ol siek i sirdbiwses ] B 0
L O R | L T 19 19
do pref. Ist . .| 30%]| 303%) 30% 301
Gen. Electric ... .[16134[1664{1663[164%
General Motors . .[194%5|1881%|194% 188
Goodrich Rubber . | 71%| 713%] 71%] 71
Gen. Cig. Stores .| 81%| 811 81%( 81
Gt. Nor. pref. . .| 98%| 98%5] 9814 07Y%
Gt. Nor. Ore . ...| 47%] 47% 47%| 47%
Gt. Western .. .| eweif sneefioaet 10%
do pref. « o of coofeaaid via 2914%
Gulf States Steel . | ..ol cvnef| conn 72%
111, Gentral ... ...} «.c:] .28 e s [ROB
Inspir,- Copper ..... .... 66% 56 56 %
Interboro ... . . 6%| 6 16% 6%
P A 6 pref. . oowalives bl e 24%
fnd. Alecohol . . .|157%[166% 166341156
Int, Nickel . . .l 27T%| 27 27 26 1%
Keystone . . . . .| 91%| 911 9111 9015
Kefiy-b‘pg.l C.. . w 1223 1119 |122151110
Tnt. Paper . . . ol's4iL) 88| 63%] 84
Kan. City Sou. ‘ 23%‘ 2341 23%[ 23%
o pPBL. . . 2 e aerclivesif 38
: !
Big Steel Orders |
d e W~ oxt ¥ ‘
Near at Hand; 1
Nk s <
Better Feeling
sy i e . A N
Trade reports from the steel indus
try indicates that although the steel
market has picked u? considerably
since the price wrangle threw the
market wide open, authorities are
waliting for a tremendous buying
movement to start at any moment.
The Tron Trade Review states that a
better feeling exists and that the un
certainty in making future commit
ments is disappearing. The situation
compares with that which existed just
before the Redfield plan was announced,
and a good buying movement was on
foot.
The biggest revelation in tha steel
market the last week has been the
confirmation of the steel mem, as oOp
posed to Director General Hines, re
garding the proper price level for
steel rails. The director general
asked bids for 200,000 tons rails,
Prices of from $45 to $47 a ton were
submitted as the lowest bids, and one
independent producer submitted a
price of $lO a ‘ton higher. The director
general has been contending that $45
or $47 was too high for rails. This was
the price agreed upon ‘in the Redfield
plan. y
The Tron Age in its weekly survey
of the steel industry says:
Buying to Start Soon.
“Though a measurable volume of
business now marks the recent usher
ing in of Government-free trading, no
where can it be said that the long
awaited buying movement is under way.
Weighing our various reports, the con
clusion is forced that pressure is gath
ering to such an extent that heavy pur=
chasing can’ not be long delayed.
~Concessions in price are unquestion=
‘ably being made in both iron and steel,
' but there is no general break from what
are regarded as market levels and few
of the changes as yet establish a new
price. There is no frantic endeavor to
}get business at Kkeenly competitive
prices.
“Kxceptions in the matter of price
reductions are found in cast-iron pipe
and Alabama pipe. Pipe has been re
duced 86 per ton at Chicago. and East
ern shops are expected to follow. From
Chicago it is reported that at least one
Southern producer is willing to waive
the freight in this instance $5. Produe
tion in_ the Mahoning and Shenango
Valleys, as well as in Pittshurg proper,
is put at a rate less than consumption.
Pig lron Tone Improved.
“The better tone in pig iron is re
flected in steel. The Government has
made no award of the 200,000 tons of
rails for which it made inquiry, but
wide wvariations are reported in the
quotations @ubmitted, The leading
interest js said to have named $45 on
Bessemer and $47 on open-hearth rails,
against whieh four independent rail
mills are mentioned as quoting higher
one asking $5 and $57.
“A mnew note is the willingness of
some consumers now to enter into con
tracts for the third quarter Protection
againts price decline are In most In
stances refused {
“Phe most striking cut fin steel,
chargeable, however. to securing ex
port trade, was in 3,000 tons of plates
for locomotives for Italy. A large pro
portion of the bhusiness wias placed
among the companies at 2,50 cents
|Phtfl;ur;z‘ or $3 per ton helow the do
t mestic level. One company tool a hor
[tion of the order at a price which nets
lit 262 cents miil. An cxporter has
Last|Prev.
! STOCK S~ High Low.lsuo. Cl'se.
Kan. and Texas . l 9% 9% 9%[ 915
AT . Nl SRR eat izt 204
Kennecott . . . .| 36%/| 35%| 356%| 3i%
Lehigh Valley . « ] ige-d coua] oonn 58 5%
Lack. Steel . . . 8% 8314| 8215] 83%
Loand N, ;o obdaie] sl oA
Maxwell Motors . .| 463 | 44% | 46% 53
0. ABt pref. «i| s2ssh s casl saorl 8%
Mo. Pacific (new).| 32 328 32% 32&\
Mexican Petroleum.|lßl IISO% 180% [lßl
‘Marife ... . 147 47 47%| 474
‘ do., pref. . . (125 [124%[124% lllkl
Miami Copper . . . 278 | 27%| ATH| 2T
‘Midvale Steel . . .| 19%| 49 | 49% A 8
National Enamel. .| ....] cocef ornn 64%‘
North Amerian . .| ....J ....} ....] 61
N. Y. Central . . .| 81%| 81%| 81%| 81 |
N, Yoo No Ho & Hoo] coce] avee] oinn 3214
‘Nuuonal Tiend . . . \ oo | VOBAE
Okla. Products . .| 1234} 12%‘ 12%| 12%
i
N andG Wi o eel s cons 10958
’Nort)xern Pacific .| 98 | 97%| 97% 9k
Nev. Con. Copper .| ’ Voeil ’ 1734 |
N. Y. Airbrake . .11935[119%(119% 118%
i Gt fob Gas | ([ Bo4s| so%e| 58%| 6%
Pitts.-W, Va. Coal I O s ank A v oal
Pan-American Pete. 24% 94141 9414 ]94 ‘
‘Pennsylvanm .. .| b43] 51ig| 6434 81%
People’s NS i . 58%| I 568 |66 ‘
(P, Bteel Car . . . §0 80 80 T
Pierce Oil . . . .| 26%| 20%| 26% 2634
Pittsburg Coal . .| 61 59%| 60| 69%
Royal Dutch (01d).|116% (115 {ll6 117%
do. (new) . . .|116%|114%[116%[117
Ray Consolidated .| 21%| 21%/| 21% n:z
Reading .. . 88%] 88%! 88% | 88%
UMY + i o al gser] sesal 2aiy M%
R. 1. and Steel , .| 89 883 | 88% | 88%
do, pref. « « fiscoal o oun ivs [ONE
Rock Island . . .| 30%) 30 30%| 29%
do. pref. A . . iedd il Hn
GBS, Dret. BNI vois] eva] virts TO%
Ry. Steel Springs .| ....[ «cocf 200 89%
Sears-Roebuck. . +f «...f «.. .1 04|808
Sloss-Sheffield .. .| 6534 | 64% 66 64%
Southern Pacific . .[10955/109%|109% 1083
Southern Railwa y.| 51 31 31 3k
do, pref. . .. .| 10% 70% | TO%) ...
Studebaker . . . .| 90%| 84% 89% | 93%
St. L. & San %¥ran| 22% 32% 22% 2!%
Sinclair Oil . . . .| 66% 5% | 66%) 66
Swift & Co. (Int.) .| 60% 60| 60% 59&
do. pref. ~. SRR e Y
mob. Products .. .| 95 | 893 93%| 89
Tenn. Copper . . .| 14%] 14 | 14%) 14%
Texas Oil . . . . .‘279% 2791412793 (275
Texas Pacific .. .| 48% 49 49| 49%
United Fruit . . .| ..vef o 0 Lt R
Union Pacific . . .[136 135% (136 135
QO. . DEOE v ¢ ab save] saasbieaes 73%
U. Food Products .| 76 5% T6%| 76%
.8. Rubber . . .|lO5 9!%]102 97%
do: pref. . o of .aio] saes ,sail N
. N Bteel .. o JHTH 106 %1107 3% 1106 %
do. pref. . . || ceollß%
U. Cigar Stores . .‘1::‘31,3 133 }133%(132
Utah Copper . . “ 79%) 79 | 9% 8%
Va.-C. Chemical. .j 78 1 Tl%] 72 72
Wabssh . . . o+ of ooand e ikk cyist 3L9
do. pref, A . .| 36% 36%| 36% | 3635
Western Union . Ll it e eel ihr it SR
Willys-Overland . .| 36% ] 35| 360 3534
Westinghouse . . .| 58%! 573%| 68% 57%
White Motors . . .| 59u| 67%6| 58%| 67
Wilson Packing Co.| 87%| 87% 87%| 31%
BONDS.
______—__—~——-——-—-————————-—-—-—"“~—
G S Tib, 3%s . .|09.40/99.46]99. 46 4950
GO A .}94.70594.70‘94,70{94.04
do. 3d 4%s . .195.7(‘-|95.76‘95,76;95.84
Q 3 fat 4i4s . .[95.90/95.980/95 .90, .0
do. 2d 4%s . .{95..02[95402’95.02 94.98
do. 4th 4%s . .195.20 95.20195.20(95.24
At A . s
G ment Good
overnm
Profit in 1918
The Atchison, Topeka & Santa Fe
Railway Company is one of the few
railroad systems whose 1918 operations
show 'tha Government a margain of
profit, The gompany’s railway operat
ing imcome, as defined in the Federal
control act, was $44,206,338, while its
compensation for the period under the
Government control contract was $42,-
885,310, ;
After deducting taxes, fixed charges
and bond interest the company was,
left with a net corporate income .of
$28,348,432. Allowing for preferred divi
dends, sinking fund charges and appro
priations, the net return was equivalent
to 9.86 per cent ‘on the $221,785,600 of
common outstanding at the end of the
year. f
“ Phe income account follows: '
Federal compensation accrued $42,885,510
Othe INCOME «.vrssvsssrssesns 4,810,851
Grogs INCOM® ...ce5eee555..547,106,262
AR OB sLo in s vah vpinnens vie SIORURRD
Rentals and other charges.... 4,056,239
llnterest on bonds ........... 11,696,191
Net corporate income ......$28,348432
il‘)lvidnnds on preferred ...... 6,208,685
’lnvidends on common ....... 13,289,595
Appro. for fuel reserve fund 09,910
Cal.-Ariz. lines bonds sinking
PUDA: ¢ coignsovussbopyannsses 19,628
BUIDIUS . .uevssessssssossss . $ 8,760,680
Surplus Dec. 31, 1917........ 33,230,068
r ittt
WOtP ..o s dsavaieit v 541,900,000
8 F. & J. V. Railway bonds
sinking fund ... .oeeeiaeoe 10,032
Surplus appropriated for in-
VeStment ..iouvsesovicssnres 110,587
Sundry adjustments ......... 82,428
Surplus Dec. 31,% 1918......541,797,635
AAAA A AP I NN
i FERTILIZER MATERIALS %
A A A A AA A A AAASAA At
Corrected by Harry Coben—V. S. Admin
istrator License G-27360.)
Nitrate of soda, 95 per cent, prompt
Ifihipment. $4.07% ex store or ex vessel
Southern ports.
Sulphate 8f ammonia, bulk, prompt ships
ments, ‘54.85 ¢. a. f. Southern points.
Trona Potash Muriate 40 per cent K2O,
prompt shipments, $2.50 per unit avail
wble, your station. g
Nebraska potash, 22 per eent K2O,
prompt shipments, $3 per unit your stati@n,
Acid phosphate, vasis bulk, 16 per cent,
$16.50, Atlanta.
Cyanamid, prompt deliveries, $3.75 per
unit. Ammonia f. o. b. Niagara lalls,
Can: da.
R R R s ik kil et
received a quotation or 2.45 cents on
1,500 tons of plates for China
“Other price concessions on steel
products are relatively unimportant,
'L-nn.flsiin;’ mainly of waiving of certain
extras, though 10,006 tons of rails for
| the Fear Kast has been placed at a
l:'ri ¢ less "than the $35-IH7 scale re
| cently quoted on export inquirvies
I “Japah will require 200.uvv0 tons of
plates for 200 ships in contemplation.”
NEW YORK, May 24.~Trading was
brisk in many issties at the opening of
the stock market today with many
glocks making good advances, Steel
common was heavily traded in and
rode to a new high record for the year
of 107 1-4, The other steel industrials
were also strong, Baldwin advancing 1
point to 101 1-8,
Pittsburg Coal wa sactive and
strong, selling up 1 5-7 toßo 7-8,
The marine issues were featureless,
the common opening at 47 7-8 and then
dropped to 47 1-4. Atchison was In per
sistent demand, rising 1 5-8 to 99 1-2.
The oil stocks were ienernlly heavy,
Royal Dutch New York falling over 1
{)olm to 115 3-4, while Mexican Petro~
eum vielded 7-8 to 180 1-2. Pan-
S\morlcan Petroleum rose 1 point to
95 1-4.
Bullish operations in many groups of
stocks caused many of the leading is
sues to advance rapidly toward the
close, There was concentrated buying
of all the motor issues, some of which
made violent advances. General Mo
tors sold up to 195, Chandler to 187 3-4
and Studebaker to 90 3-4. United States
Rubber was active, moving up to a néw
high record of 105. Tobacco Products
rose over b poitns to 95. Gains of from
1 to 3 points were made in many other
issues *in the last half hour. Rendinf
closed at 88 3-4; United States Steel,
107 3-8; Keystone Tire, 91§ New York
Central, 81 3-4; Sinclair 65 3-4; Mexl
can Petroleum, 150 3-4; Anaconda,
69 1-9; Royal Dutech New York, 116;
General Motors, 194 3-4; Studebaker,
89 1-2; United States Rubber, 102 3-4,
and Tobacco Products 93 3-4,
The market closed strong; Govern
ment bonds unchanged: railway and
other bonds strong. ’
L
Confidence Growing,
Says Bradstreet
Bradstreet's weekly trade review sayvs:
“Something like a shifting of activity
is revealed in the trade and industrial re
ports this week., Cool, rainy weather and
the lateness of some of the sgpring plant
ed crops, especially corn and cotton, seem
to be more stressed at the smaller markets,
but increased activity, strength and con
fidence is revealed at the larger centers,
while in_ instances where weather condi
tions have been favorable and seasonable
temperatures have prevailed, the trend has
been a very cheerful one. On balance job
bing and retail trade reports show a slight
ebbing of activity and collections are a
shade slower than last week, but this
seems directly chargeable to weather con
ditions, whereas the increased strength of
demand in primmary markets, especially for
textiles, jewelry and foot coverings with
the aggressive strength of nearly all
prices, seem to point to a growth of con
?dence as to, the future not quite so
clearly revealed in the recent past.
“Wed#kly bank clearing $7,799,656,000."
i
NEW YORK CURB MARKET.
NEW YORK, May 24.-—The curb market
opened steady and closed firm.
Opening. 4 C|oslnxi
Aetna Explo.. .11 @, 11% 1% 1
Ang.-Am. Oil . 26%@ 25% 25 % 25?:!
Barnett Oil . .3-16@ % 3-16@%
Consol. ' C0p.... 5 @ bH% 5 blg
Cosden 01l . . 9%@ 9% 9%@ 9%
Curtiss Aero.. . 19 @ 21 19 >§ R
‘Houston Oil . .140 @145 140 143
Ind. Pipe. . .102 @lO5 102 105
Inter Pete . . . 21% @ 32% Nk 32Y%
L. Val, Coal . 90 @ 92 90 92
Magma . . . . 33 @ 3§ 33 136
Marconi . . . . b @ 6% b % b%
Merritt Ofl . .31 @ 313 31 3134
Midwest Oil . . 2 @ 2% 2 2%
Midwest Ref. .187 @lB9 186 @lB9
N. Am. Pulp. « b¥@ 6% bU@ 5%
Ohio Oil ~ . .386 @390 386 @390
Prairie Oil ~ .770 @786 775 @785
'Sub. Boat ../ #l6 @ 16% 16 gl6 %
8. O. N. ¥. . .388 @392 388 @392
B.°o. N. J. . 730 @735 730 @735
8. 0, Cal. . . .280 @290 280 @290
8. O. Ind. . . .810 @B2O 810 @B2O
Umon Tank . .137 @139 187 139
Victoria Oil . . 3 @ 3% X g) 3%
W.-Martin . . %@ 6 fi%g 614
Cons. Arizona ~ 1 @ 134 1 1%
Mipissing . . .12 @ 12% 12% @ 12%;
B. & Wyo. Oil. 60 @ 62 60 @ 62
(len Rock Oil. %@ 7% %@ T%
I. O. & Trans,. 8 @ 8% 8 @ 8%
Niwest Ofl . . 63 @ 65 63 @ 65
U. 8 Steam. . 25%@ 2% 25 @ 2%
Sapulpa. . . . 8@ 8% 8@ 8%
Boeotie » .. . 1@ 13 135, @ 13%
ANw TORK BANK STATEMENT. \
NEW YORK, May 24.—~The weekly
bank statement follows:
Aver%%'e,. statement-—Loans decreased
$87,823,000; demands deposits decreased
$7,668,000; time deposits decreased $2,-
177.000; reserve increase $15,744,660, “
Actual Statement—loan dgcreluch
$132,109,000; demand deposits decreased
$18,796,000; time deposits increased $5,-
087,000, reserve increase $4,439,760, ‘
» Sp et |
\
ATLANTA SECURITIES ‘
i BTR
Atlantic Steel Co., com .....| 90 |95
A 0 PR~ oo &y utiwrtharites] 0T 95
At. Ice and Coal Corp. ....| 68 70
80, PYOL yiveivbsnevih aniiibE 76
Atl. and W. P. Railroad ....|l6O |[l6s
Atlanta National Bank ......[285 |295
T'ourth National Bank ......‘&;5 320
Augusta and Sav. Rallway ...} 92 96
Ex{;usitlon Cotton Mills ......|lB5 ]l9O
Fulton National Bank ......[l2O (126
Empire Cotton Oil, common ~| 60 63
A 0 UL ... isvunteril DR BB
Gate City Cotton Mills ..,...|226 ...
Ga. Ry. and Banking Co. ...[283 |236
Ga. Ry. and Electric Co. ..[102%1105
do, 6 par cant eee-sisvsl T 8 79
,Ga. Ry. and Power, Ist pref. |65 (] 70
do; 8A Pref. iiiievivesined i 16
40, GOMMON ..iioenessss] 8 10
Lowry National Bank ~.....[220 [226
Southwestern Railroad ......| 95 97
Third National Bank ........[2l6° |2lB
TPrust Company of Georgia ...[275 [2BO
Atlantic Ice and Coal, 6s ~.| 93 97
Atlantic Steel 68 ........5...] 98 07
Ga. Railroad and Bank. Co. |BO 85
e ettt
BONDS
Atl-Char, Airline &g .l s.!o|Baa(a
Atlanta 3%5, 1940 .........| 4.40/Basis
o —————_ i
STOCK MARKET OPINIONS,
| Clark & Ce.: “Wild speculation with
public bidding can cause remarkable ad
vance in some stocks. This has happened
in ‘many specialties in the present market.
While solid standard issues are neglected,
sooner or later, the tide will turn in favor
of coppers, steels and rails. Take profits
on speculation, buy standard issues.’
* - »
New York* Financial Dureau: “Mixed
views make for irregular movements, with
bullish operations confined to ?eculfllian.
The trading position is suggested as a log
ical position for the general market. Gas
stocks are bulled by pool channeis.’
it
FINANCIAL NEWS,
Henry P. Davison, ¢f J. P. Morgan &
Company, says financing of KEurope will
fall largely on America.
¥ e
R. G. Dun reports 106 failures in United
Stutes this week; 120 last week, and 184
last year.
e -
Paul M. Warburg deciares present form
of taxation is harming the country and
that rallroad ecredit must be firmly re
established and big Investment trusts
formed to aid digestion of Liberty bonds,
thereby laying foundation for development
here of broad market for foreign seeuri
ties,
yiee
The average price of 20 rails, 89,87, ad
vance .46; 20 industrials, 100.47, advance
e
59
: THE WEATHER.
WASHINGTON, May 24.-——The outlook is
for continued cloudy, showery weather
throughout the South with no material
change in temperature.
Forecast By States.
Georgia—Showers prdébable tonight and
!fi?unnla,v; no chunge in temperature.
North Carolina and South Carolina-—
| Showers probable tonight and Sunday; no
l.]ungn in temperature.
Florida——Rain !mméhl and Sunday. no
change in temperatur
Alabama and Mississippi— Rains . and
thunderstoring tonight and Sunday; no
change in temperature.
Tennessee——Showers tonight and Sunday;
noe change in temperatures.
MAY OPEN DOOR TO CHINESE;
COAST SEEKS FARM WORKERS
By BOERSIANER,
LOS ANGELES, CAL., May 24~Limited immigration—limited to two
or three years—of Chinese farm hands is a possibility in California, A
close probability during the war, it has been deferred until after the labor
situation will have been adjusted.
Labor organizations do not object, provided the vital importation is
numbered, is strictly supervised by the State or Federal Government and is
sternly conflned to agricultural laborers. Other Californians openy favor
the proposition, which has its inception in an agrestic necessity and is un
consciously encouraged by the laws of antipathetic deflection,
There was a vegetable shortage last
year. The defietency will be' more se
rious this year, due in both instances
to a lack of farm workers. FPacific
Coast Americans find truck cultiva
tion unendurably irksome,
The Jap (who could do it, and, as
far as he is allowed, does it in per
fection) is not wanted, for well
known reasons. Mexicans, rather in
competent in the field, do not like the
work, anyway, Indians are impossi
ble.
Chinese no Martial Menace.
- There remain the Chinese, who are
as capable in farming as the Japa
nese, who are far more reliable and
faithful, and against whom the race
prejudice has deflected to the Far
Eastern islanders.
Whiist the fear of the Jap has in
creased, the dislike of the Chinaman
has quite disappeared. Phe latter had
never roused apprehension in a mar
tial sense; in that regard he was al
ways contemptible, had not disturbed
the run of business men. He was a
menace to American workmen only.
On the other hand, the Jap (in Cal
ifornia eves) threatens everybody.
Comparisons are instituted between
the two Orientals, invariably to the
¢ood of the Chinaman, who is obedi
cnt to meekness, proverbially loyal
to his contract, educable, adaptable.
As the need of him in Pacific Coast
agriculture increases his defects van-
Ash, his qualities increase and become
manifest. He is strong for education,
the voyager is told by employers
Practically every Chinaman born
here has at least a high school educa
tion, some are college men, have grad
uated brilliantly. One of the latter
was given a lieutenancy and dis
played admirable firmness in the
grade. His Caucasian men, indis
posed to take orders from a China
man, were told by him: “God made
me a Chinaman, and Uncle Sam made
me a lieutenant; you may disobey
Giod, but you shall obey Uncle Sam.”
And they did. L 3
Environment ls Abiding.
1t is further found that education
and environment have an abiding in
fuence on the Chinese as against the
unsusceptibility of the Japanese. So
ciologists find that a Chinese, taken
as a hoy and brought up in a mis
‘sionary school, then transferred dur
‘ing the impressionable period to a
foreign country, returns to China
thoroughly transformed. y
He adopts not only the manners,
the dress, the speech, the very in
tonation of a foreign country; he has
adopted its whole mental and moral
structure. There is nothing in Chira
he does not want to transform, which
is said to be particularly true of the
Chinese educated in America.
Fundamentally Democratic.
Aggressive advocates of limited
Chninese immigration also advert to
the political aspect of China., That
eqiality of opportunity which is the
essence of democracy has always been!
affirsed by China ia theory and to
some extent i practice, There is no
caste, as the Japanese and East In
dians understand the term. The har
rier between rich and poor is not
wide. In China it ig as easy to rise
from bottom to top as in the modern
West.
The Chinese man is a democratic
man. He is already, so far as his at
titude to himself and his fellows is
concerned, what Democrats in the
West hope to make Democracy. His
attitude is democratic just as it is
positive and secular; hence it will be
much less difficult to westernize in a
fundamental sense China than Japan,
The westernization of Japan is super
ficial, Californians claim,
To the political economist the con
vertibility of China to Western meth.
ods, if not to Western thought, pre
dominantly agricultural and the bulk
of her people are peasants. She is
relatively untouched by industrialism.
The era of railways, of mines, fac
tories, is but just begun; the im
mensge resources of the country have
hardly been tapped.
12 half the Chinese (200,000,000) are
turned to industrialism, if the coun
try is industrially exploited—what
then? i
And if Japan should be the exploit.
er, as is not unlikely.
g DRUGS AND CHEMICALS |
L AR AR AR AAN AR —re
‘Qorrected by General Distributing Ce., At
lanta, U. S. Feod Administration License
No. G-58394.
Acid Benzoic, U. 8. P, Ib. .80 .90
Carbolic, Cryst., Ib. ... .71/43 .10
Phosphoric, U. 8. P., Ib. 24 @ .26
Btearie, D. P. Ibivssee AlB% ssh e
Tannie, U, 8. P. 1b.... 140 g 1.50
Tartaric, Cryst., 1b.... 863 sese
Tartaric, Powd, 1b.... 87% epee
Alc¢ohol, denatured, gallon .40 @ .42
1. 8. P., 190-proof, gal. 497 @
Wood, 95 per cent, gal. 128 @ 1.30
filllflmct-. wh(;)\e. én \;:)Acn, b 31 0 %
ury; wdered, g¢ v nia A y
B D s B b, B h
Copalba Para, 10. .... B 0 @ .62%
Parny, e volen insveas SRV I oy
Walu, I . iciiivitesion, 330 B 9 v
Bark, Bayberry, Ib. .... = .14 0328
Cottonroot, Ib. ........ .23 g .28
Prickly, Ash, 18, .i.... .24 @ .28 1
Beans, Vanilla, Mex.,, se-
Toehad, 18. -5 «. i bhad eUO A 3 600
Vanilla, Mex., cuts, Ib. 3.26 @ 3,50
Vanilla, Bourbon, Ib, ... 276 @ 3.75‘
Vanilla, Tehati, lb, ... 160 @ 1.65
Berries, Juniper, Ib. .... 388
Saw Palmetto, gnd., Ih, A 8 A 8
Camphor, American, 1b.... 375 @ 3.80 J
Cassla Bark, 1b: . .iii,.:oo 39 @ .43
Chloroform, U. 8. P,, Ib, 43 @ A 4
Cloves, bales, Ib. ...... A 0 @ .41
Coumarin, C. P, Ib. ~... 700 @ 7.50
Cream Tartar, U. BP, Ib. .65 @ .56
Epsom Salts, U. 8, P., Ib. 2@ 2%
Glycerine, . P., d'ms, Ib. 20%@ .. 1
PP, AR TR Sk 23 @ an \
Gum Tragacanth, No, 1 ‘
white, pound ....... 400 @ 4.05 1
Bowaored b, il . 385 9828 -
Hobe tl BRI s N e \
Leaves, Buchu Short, \
ground, p0und........ 165 @ 1170
Henna, b, iiiscansiae A 8 @ .40
Bage, Ib., .l.iieeiiunen 035 @ 26
Benus THan (viicaiviv, 428 é) %
¥ola Nuts, bags, th, .. 21 D 26
Nutimegs, 105-1108, Ib, .. .20%@ .24
Nux Vomica, powd., Ib, 12 @ .14%
Oils, sweet, almond, 1b...}1.00 E) 1.10
BN I ii B s h3R P 1.40
Bargamot, Ib. ».o ... ... 626 @ 6.50
Castor, . 4. ciessvasse 22 @ .23 ‘
CHove, 38 leal vk e, 188 B 1.5
Coriander Seed, Ib. ...... 5000 @ Gd
Tathen 1 L tiisvele 1230 B 136
Senime, gal, vii.iiiee 157 @ .
Mustard, artificial, Ib.. 10,70 @11.650
Peppermint, Ib. .. ...... 940 @ 9.50
Sassafras, b, ...... 2,00 @ 2,50
Sassafras, artificial, Ib. Al @ .43
Mirbae, b, .. dhdg 2 @ »a
Dyestutfs: Marke( on sulphur and di
rect colors very firm, Yith big demand.
l MONEY AND EXCHANGE.
NEW YORK, May 24 —Sterling exchange
was strong with busineds in banker's bille
at 4.64% for demand.
W ;
:
Corrected by Cene M. Maddex Oflw
U. 8, FQJ Administration License Num
ber G-06583.)
Apples. i
Hvaporated, §O-pound boxes ......$3 .17
Canned, 2 dozen No, 38 .ecesnsessss 300
Canned, dozen No. 108 ..ecoesecses 625
Apricots.
Canped, 2 dozen No, 2348 cccasmssrs _5.50
Cunned, 1 dozen No, 105 ..cescsessne 10.00
Libby's, 2 dozen No. 2%48 ...covesene 6.30
Baking Pewders.
Buccess, 48 G-cent packa seenns 1.30
sumford’s one-half p0nnx'?.......:: 2.95
Rumford's Now 1 ....cprereessancess REB
Beans, \
California Limas, 100-pound bags .. 9.50
Michigan navy, 166-pound bags .... .l.h
String, canned, 2 dozen No. 2%# .. &
Blackberries,
Canned, 2 dozen No. 28 ....ceesesne 4325
Canned, 1 dozen No. 108 ...ceeosss 10,00
Beets.
Canned, 2 dozen No. 28 s.esesesse 315
Bran.
Pillsbury’s Health Bran «....esese 168
Catsup. ;
Bull Head, 2 dozen 8-ounce ...... 270
Royal, 3 dozen 5-OUNCe ...vsesesses 30
Coffee. .
Arbuckle’'s, 100-pound cases ........ 38.30
Arbuckle's, 36-pound CASES ...sesss 239.00
Biue Ribbon, 1-pound CADS ...ceses. 40
ROyal, DU oeeosrnsrarabomareitue:
Perfection, DUIK .......osseamesscss 89
" Cereals.
Post Toasties, 36 packages ... eecees§ 4.10
Kellogg's Flakes, 36 puckages ...... 430
National Corn Flakes, 36 packages .. 3.40
Krinkle Corn Flakes, 36 packages .. 3.40
Grape Nuts. 2 dozen packages .....s 2.85
Shredded Wheat, 48 packages ...... 4.50
Pillsbury’'s Vitos, 24 packages .... 3.20
Corn.
Kellogg's Krumboles, 36 packages .... 4.20
Canned, 2 ~dozen, 10-OUNCe ~vsee 2:‘o i
Bulk in barrels, shredded ssessece 4
Ceconnat. %
Canned, 2 dozen No, 285 .cemecesss 3.45 .
Flouar, g
Bweet Marie, self-rising 248 ......12.50
Sweet Marie, self-rising 48s e Binas]
Columbia, plain, fancy pat. 248 .... IIJO! :
Columbla, filuln. tumg ?l(. 488 .. 12.26
Pillshury's Best XXXX, 248 ....cOOO 13.:.'
Pillebury's Best XXXX, 488 ...... 1&. 0
“Osofine” Kansas Patent, 140-Ib, sack 12.00
Pillsbury's Whole Wheat, 12-Ib. sack 11.40
Pillsbury’s Pancake, 18 packages.... 2,40,
Fruit Jars. il
Ball Masons, half gals, per gross 11.30.
Ball Masons, quarts, per gross ..., 970!
Ball Masons, pints, per gross .... 9.38
Boyd Mason fruit jar caps, gross.. 3.00
Alr-Tite red TINES >..cesssessesses 010
Grits,
Purity, 24 DAcKages ....s sesssssss’ 2.58
Bulk in 100-pound bl‘&.. medium.. 4.00
Heminy.
Canned, 2 dozen No. lt' convessoga ‘TI
Krau
Libby's, bulk, ls—flnllon KegS ..ceee 6.40
24 10-cent or 48 6-cent packages.... 190
Bulk in 20-pound DOXeB «.ssesessss 033
\ Meal.
Water Ground, bolted, 100-Ib. bags 3.90
Unbolted meal, 100-pound bags ... 3.35
Miiic, ¢
Evaporated, 4 dozen tall ..ceseeess 6.35
Evaporated, 8 dozen bsh: sasndiien BTN
Condensed, Dime Brand, 48 cans .... 6.25
Condensed, Eagle Brand, 48 cans .. 9.35
Dry powdered, in barrels, bulk ... .24
Molasses.
New Orleans black, In barrels .... .36
Louisiana Black, in barrels sececess 34
' Mustard.
French's, 3 dozen 8-OUNCE ...esese 2.70
‘Bayle’'s, 2 dozen 88-OUNC@ sessssss 2.29
| Oatmeal,
Purity, 18 packages ....eeeesessee LBO
Okra.
Dunbar's Cut Dwarf, 24 cans, No, 28 3.20
Peanuts.
Fancy Virginia hand-picked, 100~
POuUnAd BACKS .....ceectesesssscess 010
Potted eat.
Libby's, 4 AoZen %S ..c.vee seswsses 340
Kingan's, 4 dozen %8 .....coseseses 200
Tematoes.
Canned, No, 2 standard, 2 dozem..., 2.25.
Canned, No. 2 Stokely’s, 2 dozen.... 2.40
Canned, No, 10 standard, 1 dozem .. 7.20
. rotatees,
Canned, sweet, 2 dozen No. 2%8 .... =425
Pumpkin,
Canned, 1 dozen No. 108 ....eees.. 4.50
Canned, 2 dozen No. 38 ..eveveansss 276
Peaches.
Fvaporated, 26-pound boxes ...... .16
Canned, pie, 2 dozen No. 38 ...coese 3.25
Canned, table, 2 dozen No. 28 ...... 3.40
Canned, peeled pies, 1 dozen No, 10 7.25
Postum,
One dozen 20-ounce, regular ...... 3.35
Two dozen, 10-ounce, regular ...... 2.70
One-half dozen 20-ounce, one dozen '
10-ounce, aseorted ...s.rsenivssnss BEO
Two dozen 4-ounce inStant .......... 06.40
One dozen 8-ounce instant ........ 460
Assorted, one-half dozen 8-ounce, one %
Aozen 4-OUNCE .....ecssrsssesasse 000
Pears.
Canned, In water, 2 dozen No. 2%s .. 425
‘ Peas,
California Blackeye, #O-pound bags .05;2
Canned, No. 2 New York State ...... 5.4
Georgia Blackeye Peas, saqks sass .05
Fepper.
Black, ground, 5 or 10c sizes .... 3.90
Black, ground, bulk in 15-pound pkg. .37
Pickles,
Bours, 900 s, barrels, 45 gallons,... 18.50
Bours, 2 dozen 8-ounce Jjars ...... 2.70
Sweet, mixed, 2 dg‘z‘en 8-ounce jars 3.60
ce.
Fancy Blue Rose, 100-pound packets 9.50
Salmon.
No. 1 tall chums, 4 dozen to ease .. 8.00
No. i tall pinks, 4 dozen to case ..., 8.00
No. 1 tall reds, 4 dozen to case .... 11.00
> Salt,
100-pound bags, Chippewa Dairy .... 111
fO-pound bags, Chippewa Dairy .... .b 8
Morton’s free running, 48 packages.. 1.80
| Salad Dressing.
' Durkee’s, 2 dozen picnic BlZ@ «.e... 2.90
Durkee's, 2 dozen, small size ...... 6.80
Libby's 24 DODPUIAT .ei.svresrssonss 450
\Powdered Corn, 140-pound jutes ~ .06%
rKingsl'ord‘u, 40 1-pound packages.. .09%
Argo Corn, 48 1-vound packages.. .07%
Sugar. i
Standard fine granulated, pure cane
barrels, 360-pounds average ...... 9.50
Four 25-pound sacks, 100-pound bales 9.70
100-pound bags, bulk .....ieeveces-s 950
Cerelose, 100-pound bags, corn sugar 7.46
Syrup. :
Glucose, barrels, DUlk ...iescaeess .Mlfi
Aloga, 6-108 .......cieeesessecscnss 6.25
Alaga, 12-58 .....ssoooooooooo oo 6.50
Alaga, 48 pounds 1%8 ........sees .28
Cane and Cornm, bulk in barrels.... .76
Corn and Cane, bulk in barrels .... .68
Blackstrap molasses, barrels ...... .34
Clean Kasy, 60 DATS ..v.osssveavs-. 3,60
Grandma’'s Washing Powder, 72 6¢ 2.80
Seups.
Campbell’s tomato, 48 CaNS ........ 465
Spices.
Alspice, bulk, 10-pound boxes .... 23
Alspice, 2 dozen Hc packages ...... 85
Cloves, 2 dozen 10c packages ...... 1.90
Ginger, ground, 2 dozen 10¢ packages 1,90
Nutmeg, whole or ground, ¢ ...... 1.90
Cinnamon, 5 or 10c packages ...... 180
| Starch,
Argo, 8 S-pound packages, 40-pound
T ORB 1 ks s 4 kbR e Sy Ar
Argo, 48 65¢ Packages ...qesesesens 288
Sardines.
13 oil keyless, 100 Cans ...ocesasses Glon
1, oil keys, 100 CANS . ... iiieancanse ‘SO
3, mustard Keyless, 100 cans ...... COO
3, mustard keyless, 48 cans ..... .. 600
1, oil key cartons, 100 cans ........ 00 *
Peanut Butter. ‘
Van Camp's, 3-ounce, 3 doz. to case 4.00
| Kellogg’s, No. 924, 2 dozen to case 3.p%
; Vienna Sausage. %
| Libbybs, 3 dozen No. %8 i....i... 400
| Red Cross, 2 dozen No. %48 ........ 28
Vinegar. {
| Blue Ribbon, in barrels, bulk ....., ¥
' White pickling, in barrels, bulk .... 2
. Blue Ribbon, 6 dozem, QUHELS .:e:s 1 3':': o
Jockey pure apple, quarts ........ BB
i Pure apple cidgr. vinegar, harrels.. Ay