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Atlanta Spot Cotton Booms Nearly Cent a Pound to 32 1-2 as Result of Sensational Rise of More Than §7 a ‘Balg_ in Futures
¢ )
'EXPORTERS SCOURING SOUTH
!
§
- FOR COTTON; MILLS BUYING
< , -S
| By VICTOR BARRON. ;
Atlanta bank Clearings Saturday ... ... ... .....$9,005136.93
DS A 88l FUIE. o poseseimn sl son bw ovea s TN ITHINLES
DRROIES i o cwi sk e oo v b o as s JHTRATINEN
Same day last week... ... ... e ser nee ooa .. .$9,266,385.17
BA day 1017 ... .o oss beg ggte e e .. $3,411,6568.31
, Atlanta clearings for week ....... .eeees «......$58,768,725.16
Same week last YA con coe one vos ces see eee 37,432,303.91
B - ieS v<L
e L R S O A
Batie woek 1017 ... ooy ooe .ss sy v e ee v e 21,611,327.89
* *
Atlanta spot cotton Saturday ........ sceseee peeeve +.....32.60C
Same day last Week ... ... cee i can cee wm eeaonn ....30.40c
Same day last Jear ... eee com o cel eee weeeon. ...28.40c
Same day 1017 ... coe mee son sos cmm o 5 ws smee «oeo..2LTOC
s . L
Atlanta cotton statement Saturday:
1919. Last week.
ROCEIPES .ce nee oos wo. can cos e cen wo- 1,718 870
Shipments ... cas cee coe wee som coe oo 000 1,075 1,288
B e s A e e o 9s TR 28,596
B - e el v i e e s RO 1,500
* * -
In one of the most sensational rises witnessed since the upward move
ment started, cotton boomed to the highest levels since early last fall.
Atlanta spot cotton leaped 95 points to 32% cents per pound, or
- - 7 - a® A i ST L 1 U el e B AA- gl A
more than 2 cents above the quotation of a week ago and
almost 7% cents higher than the season’s 10w—25.05
cents—recorded January 24 and repeated on February 6
and 7.
\
| The vigorous rise here was due to the sensational
advance in futures and greatly increased demand by
exporters and domestic spinners. One Atlanta spot firm
stated that there is not half enough offerings to satisfy
the demand. He said that Le could have sold more than
2,000 bales Friday, but could not interest holders.
‘ Under the impetus of aggressive buying by trade
‘houses, spot firms, Wall Street and foreign interests,
‘together with hurried buying by shorts, future contracts
goared upward to new high records. Heavy rains over
\Texa.s, together with indications for more over Sunday,
‘bad crop messages, low temperatures and extraordinary
‘demand for the actual, threw the trade in a stampede
Itor contracts, which were comparatively light, At the
‘start futures at New York were 6 to 78 points up, and the
list at New Orleans showed*a gain of 35 to 55 points.
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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 goods
amounted to 320,000 pieces, or double the weekly production. That was
sufficient. 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 goared to 30.46. 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 12% 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 30.74 and October to 29.95. At these levels active
positions stood virtually 12 cents above the season’s low, when October fell
“o 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 trade’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 glad to 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 sfgnificant feature of the big rise is that holders
are turning loose comparatively little staple, indicating that they still are
hoding 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
giderable buying orders in the cotton marset from that quarter.
Crop experts assert that if the weather continues raimy 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. : -
EE S o L -
CHICAGO, May 2¢—Unexpected fa
vorable weather induced "considerable
gelling of corn at the opening today and
prices declined rapidly. First figures
were 1-4 to 1c lower than the previous
close and further losses were sustained
{mmediately after the start. On the
extreme break commission houses took
the oflertnfs.
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,
Provisions 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 quotations:
Prev.
Open. High Low. Close. Close.
CORN-—~
May 1.79 179% 178% 179 L 79%
July 1.64% 1.64 1.62% 1.64 1.65%
Sept. 1.67% 1.57% 1.55% 1.56 1.58
QATS— ‘/
May 68 694 68 6814 914
July 677% 67% 6614 67 % 6814
Bpt. 6414 6434 63% 63 % 6414
PORK—
May 53.90 63.90 53.90 53.90 53.90
oy 49.00 49.00 48.10 48.25 49.10
LARD—
May 33,00 33.00 32.765 32.76 33.06
Jly 30.85 30.85 30.55 30.62 30.80
DR - e 30.30
RIBS—
May 29.50 29.30 29.20 29.20 29.25
Jly .27.00 27.00 28.77 26.82 26.60
CHICAGO CAR LOTS
CHICAGO, May 24.—Following are re
ceijts today:
B e ciseiiisnerb ks as
B i iaecasactssnrsareesses B 8
B L iieeesdesrastssagenbe s 85
B¢ L oasonsecnanssarntienesene §,OOO
e il ikl
CHICAGO CASH GRAIN.
CHICAGO, May 24.—Cash corn No. 2
mixed 1.80, No. 3 white 1.79@1.80%;
No. 2 yellow 1.81; No. 3 mixed 1.80;
No. 6 white 1.78; No. 3 yellow 1.79@
1.80; No. 5 mixed 1.717@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.
i GRAIN GOSSIP.
CHICAGO, May 24 —Sentiment locally
| favors recession in corn prices because of
expected increase in receipts next week,
lower hog prices and because of resales
of army accumulations of foodstuffs. There
is at same time a lack of general interest
on the investment side of the market. With
all these conditions the market plainly
shows resistance to pressure recovering
roadily from all depressions. The Kansas
_State report estimates corn acreage as only
70 per cent of last year with 60 per cent
planted as against §4 a year ago.—Thom
son, McKinnon & Co.
s %
A mixed situation exisgs in corn. There
are numerous bearish factors, the main
ene being the price as locals see it. Their
views have not agreed with those of the
country holders who have been the reai
price makers on this crop. At present they
are not as much a factor as the feeding
demand is less active and hogs which have
heathe basis for much of the bulge in
corn Thave declined.
Nedrness of the new oats harvest in the
.\Uouthwcs[ where some cutting is already
under way, leads to bearishness and short
selling among local traders.
’ BIG GAIN IN CLEARINGS.
' 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, as compared with $37,432,-
303.91 the same week a Yyear ago—a
gain of $21,336,421.25, and more than
$2,000,000 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—thé& 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 . $7,578,441.75
Tuesday . . 8,830,990.95 5,738,404.03
Wednesday 10,396,756.99 $,577.677.30
Thursday . 9,235,888.27 6,004,145.48
Friday. . . 10,173,378.30 5,800,436.144
Saturday . 9,005,136.93 5,733,193.91
Total . .$58,768,725.16 $37,432,303.91
§ WEATHER FORECAST i
Following is the weather forecast for
the cotton belt during the mext 24 hours:
Georgia—Showers probably tonight and
Sunday.
Louisiana—Thundershowers, strong
southerly winds, probably squalls.
Arkansas—Cloudy, local showers, except
fair west,
Oklahoma-—Fair.
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.
g R S sks
GRAIN MARKET OPINIONS,
E. N. Wagner & Co.: “The difficulty as
breaking corn on recent receipts.has been
obvious.”
* * »
Hulburd, Warren & Co.: “Larger arrivals
of Argentine are predicted in near fu
ture. ”
. * .
Clement, Curtis & Co.: “Lateness as new
crop will bring buyers to market an de
clines.”
o
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, 85@86.
Rosin steady; common 12.09 asked,
Hides stronger; native steers, 33 %(@36%;
branded=steers, 29% @36%. !
Coffe weak; opiions opened 201 to 25
points lower; Rio No. 7 on spot, 19%/@19%.
Rice stronger; domestic 63§ @ll7
Molasses dull; New Orleans open kettle,
76282; black strap, 12@17.
aw sugar steady.
Refined sugar unchanged.
Potatoes firm; nearby white, 2.23 @%.59;
Bermudas, 3.00@9.50; Southern /sweets,
3.00@9.00.
Beans unsettled; 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, 18% @22; prunes, 30s to 608, 7@
30; 60s to 100 s, 14@23; peaches, choite to
fancy, 2?27; seeded raisins; choiceg to
fancy, 15@22. 3
Ealn
NEW YORK, May 24 -—-Heavy and
‘gvm-ml rains over Texas caused a re
‘sumplion of heavy buying in the cot
‘tun 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
inf 29.93,
3uying continued in enormous volume
in the late dealings, with prices n‘smg
to new high records. July soared to
21.10, October 30,45, D&ember 30 cents
and January 29.77. At the highest
marks the market stood 108 to 148
points net higher. Heavy realizing 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
82.60. '
i U NEW _SORE QOTTON - o
lOpen. [High .| Low. [L.Salel Close, |Prv.Close.
July 30.0!‘31.10!30.05'31.ll"!¢0.90-10;210.02-10
Oct. [29.60/30.45/29.50{30.38 30.35-40{29.04-01
Dec. [29.30/30 00'29.24’29.95}29.95-30|28.52-62
Jan. 29.16/29.77|29.00(29.75{20.70 128.40-50
Mar. [28.80/29.55 28.75129.65‘,29.55-60t28.20-23
Au. (;110
B Lol doviishe i JSO6B
Ny, Eiod 00l oot wlO
. Lioaliaiot b 1 Lsiien
Closed strorg.
NEW _ORLEANS COTTON
____|Open. |High.] Low. |L.Salel Close. |Prv.Close.
May [31.33|31.80]31.30]31.80/31.40-42/30.80
Jly 30.16 30.74530.10‘30.7()'30.60-70i29.80-85
Oct. [28.56(29.75/28.56129.75/29.568-75|28.22-26
Dec. |28.45 29.45)28440129‘45 29.40-4527.90-95
Jan. [28.17|29.24|28.17(29.2429.24 127.66-67
Mr. |28.48|28.48|28.48/28.48|28.85-90|27.42-47
Closed firm. g
SPOT COTTON.
Atlanta Commercial Exchange quotes
basis good middling, 32%; sales Friday,
1,000 bales. :
New Orleans middling 30.%; sales 3,-
040 bales; arrived, 450.
Liverpool, middling, 20.48 d.
New York, middling, 31.55.
Savannah, middling, 30%.
Boston, steady, 31.25.
Augusta, middling, 29%. .
Philadelphia,” middling, 31.80.
Charleston, middling, 29%.
Wilmington, - middling, 29%.
Norfolk, middling, 29.13.
Memphis, middling, 30.
Bt. Louis, middling, 29%.
Dallas, middling, 31.15,
Mobile, middling, 29.
Galveston, middling, 31%
Houston, middling, 31.50.
Little Rock, middling, 20%.
Montgomery, middling, 29%.
' ATLANTA COTTON DIFFERENCES.
IMEIAAIIE TRIF o oviunsivbiuiie s 0108 o
Strict Goed Middling ... esesers 138 ON
Good MIdAHNE .......iv sesevieese2lo OB
Strict Middling .......c00:0:000000. 62 ON
WERRANOR i icoiiions inannanisoinies JINNY
Strict Low Middling ............225 off
e MINGIHRE i voiianicsnsvanin 000 pis
Yellow Tinged,
nod MMIdAUNE < .ovsvedrisnrveesn s lEO 008
BEviot MIGdUnE . . vco: sih srassantDß OLf
Yellow Stained.
Good MIAANE ... ssssseissoisss 500 off
ATLANTA COTTON SEED PRODUCTS.
U. 8. Fixed
Descriptions— Prices.
Crude oil, basi# prime............. 17
Cotton seed meal, p. c. common... $55.00
Cotton seed meal, 7 p. c¢. Georgia
common rate point ............. $65.00
Cotton seed hulls, 1005 e........... $16.00
Cotton seed hulls, sacked ........nominal
COTTON NOTES,
Thomson, McKinnon & Co. says: ‘“There
is little in the overnight development that
is at all of consequence. The outstanding
feature is the bullish views entertained in
trade circles. This would lead to the be
lief that there has been considerable spec
ulation going on in finished goods. Grant
ing all the arguments that are now put
forth and which has been anticipated for
some time we are still of the opinion ex
isting levels are sufficient for the present
and advise reducing long lines.”
The Times-Picayune 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. For the moment the
situation is complicated by the decline in
foreign exchange, and the difference be
tween American markets and Liverpool is
being widened to meet tha increased cost
of transferring cotton acrosg the Atlantic.
Nevertheless, all available tonnuge for the
current month and June huas been absorb
ed indicating that the check to exports will
he but temporary.
‘“The ml%: sales of spots in Southern mar
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 iscale in competition
with exporters. As prices have now reach
ed the levels at which many holders in
the South, were atming, it was not un
natural that offerings should come out
more frecly, but many holders look for
even higher prices, hence any recession of
values in the interior would in all prob
ability cut off offerings promptly.”
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.
ATELEANTA PROVISION MARKET.
(Corrected by the White Provision Com
pany—U. 8. Food Administration License
oN. G-21371.)
Cornfield hams, 10-12 ...........{§ .38
Cornfield hams, 12-14 ............ .38
Cornfield sacked hams, 16-18 .... .38
Cornfield picnic hams, 6-8 ....i... .28
Cornfield breakfast bacon ........ .50
Cornfield sliced bacon, 1-pound
boxes, 15 10 CABB & ... i rd s2B 458
Grocer’'s bacon, wide or narrow .... .40
Cornfield pork sausage, fresh link
B DUI i eTI e 2N
Cornfield wieners, in 10-pound
BArtond iit dma s (it s AR
Cornfield wieners in 12-pound Kkits
in pick1e.,....‘...‘-....‘....,..3.25
Cornficld Bologna sausage in 25-
pound DOXeR .\ ivseswiuaisncann:s .20
Cornfield smoked link saysage In
25-pound DOXeS . ...iibe.cnoons 220
Grandmother’s pure leaf lard, tierce
DRSSy oaa iAN
Country style pure lard, tierce
e S L RS R
Compound lard, tierce basis ...... .26%
D 8 Ao 88l .. 0 0 iieies D 0
D. S. bellies, medium average .... .33
D. S. bellies, light average ........ .33
ST. LOUIS LIVE STOCK MARKET.
ST. LOUIS, May 24.—Cattle: Receipts
600; market steady; mative beef steers,
11.50@18.50; yearling steers and heifers,
9.50@ 16.00; cows, 10.50@13.50; stockers
and feeders, 10.00@13.50; calves, 7.75@
15.50: prime Southern steers, 10.00@14.50;
beef cows and heifers, 6.50698.00.
Hogs: Receipts 500; market steady;
mixed, 20.15@20.70; good, 20.60@20.75;
rough, !6.0(;[419‘75; lights, 20.15@20.50;
pigs, 15.50@719.75; bulk, 20.20@@20.65.
Sheep: Receipts 600; market steady;
ewes, 13.00@14.50; choppers and canners,
6.00@08.50; lambs, 18.25&8.75,
e s
JACKSONVILLE LIVE STOCK.
Hogs: Receipts light; prospects steady.
Extra choice heavy, 18.50?19.00: ordinary
choice heavy, 18.00@18.60; rough heavy,
17.00@018.00; lights, 16.50@1%.00; pigs,
13.00@p14.00; range hogs, 11.00@12.00;
range pigs, 7.0008.00.
Cattle: Receints medium ; prospects
steady; steers, 5.50@12.00; bulls, 5.25
%, 50; vearlings, 5,00?1.00: cows, 4.50@
8.00; heifers, 6.00?8. 0; veal calves, 8.
@12.50; canners, 3.00 up.—Wiliiamson &
Dennis, May 23, o i
MARKETS AND FINARNCIAL
Increase $821,000,000
Exports from the United States for the ten months ended with
April of this year totaled $5,705,000,000, according to the Department
of Commerce. This is an increase of $821,000,000 over the ten months
in the corresponding period last year. ‘
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
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.
*
New York Stock Quotations
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 $67,5634,000.
et et
|High | Low ILut‘Prov.
STOCKS— | | |Sale|Close
Allis-Chalmers . . ‘ 421, 42%] 42%| 2%
A BINE. o o il v hiasek iven] NN
fmn. Bee 0o W s v sinod 158
Amn. Int. Corp. ..| 92% |92 92 925
Amn. Agri. . . .[110%{110% 110% 10714
Amn. B. Sugar . .} So%| 80%/| 80% 803%
Amn. Can , ... .| 63| 65 563 | H 64%
Amn. Car Fdry. . .[102.]102%{102% 102
Amn Cot. O Ji... o ~inalls el 80N
Amn. Loco, . . .f 83 Sl% |B3 81
Amn. Smelting . .| 79%/| 79K/ T 9% 78 %
40 DO 5. ik o] i h e ARE
Amn. Steel Fdrs. ..| 37 37 37 36%
Amn. Sugar Ref. . .| ....} «... i s 0L
Amn. T. and T. . .[lO6 (106 [lO6 [06%
Amn. Woolen .. .| 853, 85 865 848
Amn. Linseed . .| 64 64 64 6314
do pref. . . ceniki eil ko] 98
At G and W. X ] 00l caoef i 08
Amn, H. and L. ~ .| 33%]| 33%| 33%| 33%
de pref. . . .|122 120% (122 [121%
Amn. Malt Corp. . .| ) 4 3%
Ams Lol & viihiod vivil ssial sui i 1800
Amn, Sum. Teb, . .JlO7 [lO7 107 J 106%
Amn. Ice . .... .| 56%| 63%] 86%| 55
Amn W. Paper . .| ~..1i5-ii] iviol #4%
Alloy Steel . ... .| 66 54%]| 64%) 3%
Alaskh. Bold i) st it il B
Anaconda . . . . .| 69%] 683%| 69%| 6814
Atokison - 0 .1100 9814 (100 97%
At. Coast Line . . .[lO5 [lO5 [lO6 [lO4
Baldwin Loco. . . .]101%}10031100%|100
Bal. and Ohio . . .| 54% | 541,| 54| 54%
Booth Fisheries . . | 23%| 23%/| 23%] 23%
Pethlchent Bteel ..| ... ... oo TB%
o IR . i ] sarel sany vt
Beth. 'Steel B . .} 79 783 18%4§ 79
Brook. R. T. ... .| 26%| 26%| 2632/ 265
Butte BUDSTIOr « + .| sviesf sivr] sovot SO
Butte C. and 2. . .| 13%] 13| 13%/| 13
Cak Petrotonm-y « .| oo os o} vKR
Oat. Dheits . . ] Pl ) Gailles
Ches. and Ohio . . | 67%/| 67%]| 67%| 66%
o MW ] e el it
Sol. P end ¥., .1 4 47 47 46%
C., M. and St. P. . .| 45%| 45%| 45%] 456%
G 0 e Ll i
Chino Copper . . .| 32%]| 32%| 32%| 38%4
Cinaol. R . vviih v Fives R RGN
Gorn Produets . | oo As ) ireil 0N
Crucible Steel . .| 77 76| 76%| 16%
Guhan A Bugar .. .ol il GiRES
Cuban C. Sugar . .| 35% | 358| 36%| 35%
Cast Iron Pipe ...{ 27 26%| 27 26
Central Leather . .| 93 92 93 915
Chile Copper . ..| 24%| 24%]| 24% 233
Chandler Motor . .[187%{179%{187% (180
Colambin Gal - . .l ol - dd il NER
Corre-de-Pasco .. | .., ... ] cori]id4
Oontc: OB i il .0 vil vl O
Dok and Hod o . col i ol oo 04
P o s lIN A 19 19
do pref. Ist . .| 30% | 30%] 30%| 30%
G(;-n. ]‘:lll‘(';;‘(‘ co. L|16114116614(16614({164%
eneral Motors . .[1047%|18814}19
Goodrich Rubber . | 7Tl%| 71 1;%,714;1?“!7!;8
Gen. Cig. Stores .| 8135] 8134 81 1/_., 81
Gt. Nor. pref. . .| 983] 98| 9815 97%
Gt. Nor. Ore . ...| 47%]| 47%| 47% 4TY%
Bt Waterh .. oot il RIS
Qo press. ok ] i o vane] vesd 2915
Gulf States Steel . | ....{ ... o 0 72*
Bt CaNPRY T s IR
Inspir. Copper ..... ....| 56%] 56 56%
Interbare L. . .., 6% 634 6% 14
de pref. v i vl oaesh ikt 2414
Ind. Alcohol . . .[157%|156%[156% 156
Int. Nickel . . .f 27%} 27 27 261%
Keystone . . . . .| 91%| 91% 91%| 90%
Kelly-Spg.| ... . .1‘12?‘@(119 122%]119
Int. Paper . . . .| 54%] 53% 5315 54
Kan. City Sou. £ 22%‘ 238 | 23%] 23%
do pref. . . ‘ STy
'Big Steel Orders
§Near at Hand;
i Better Feeling
Trade. reports from the steel indus
try indicates that although the steel
market has picked up considerably
since the price wrangle threw the
market wide open, authorities are
waiting for a tremendous buying
movement to start at any moment.
The Iron 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,
‘;l,n(] a good buying movement was on
oot.
The biggest revelation in the steel
market the last week has been the
confirmation of the steel men, as Ob=
posed to Director General Hines, re
g:trdmg the proper price level for
steel rails. The director generan
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
u]w price agreed upon in the Redfield
plan.
The Iron 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.
Coneessions 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 aty keenly competitive
prices.
“FExceptions in the matter of price
reductions are found in cast-iron pipe
and Alabama pipe. Pipe has been re
duced $5 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. Produc
tion in the Muhonin% and Shenango
Valleys, as well as in Pittsburg proper,
is put at a rate less than consumption.
Pig Ilron Tone Improved,
“The better tonme 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 inguiry, but
wide variations are reported in the
guotations submitted. The leading
interest is said to have named $45 on
Bessemer and $47 on open-hearth rails
against which four independent rail
mills are mentioned as quoting higher
one asking $55 and $57.
“A new note is the willingness of
gome consumers now to enter into con
tracts for the third gquarter Protection
iagl:nts price decline are in most in
‘stances refused.
“The most striking cut in steel,
chargeable, however, to securing ex
?ort trade. was in 8,000 tons of plates
or locomotives for Italy. A large pro
portion of the business was placed
flnomz the companies at 2.50 cents
ttshurg, or $3 per ton below the do
| mestic level. One company took a por
tion of the order at a price which nets
# 262 cents mill. An exporter has
| | 111..ut ev.
STOCKS— h| Low.|Sale.|[Cl'se.
Kan. and Texas . .| 9% Hfi{ .%l %%
do oraf. v i i) i i OB
Kennecott . . . .| 86%]| 36%; 36% 3%
Lehigh Valley . . ] 00l oo} o 0 NH@
Lack. %&eel o . o] B3Y 8215 82% 13332
S 0 RBE W, 4 s siel vl sveal vass
Maxwell Motors . .| 463 44% ] 46%) 72
do. lot o ) 00l naie] cia] SB
Mo. Pacific (new).| 32%| 32% 3!'@ 32%
Mexican Petroleum.|lßl% (180%% 1804 181
Marine . . . . . .} 41%| 07%] 471%] 4T%
do. pref. . . .|126 [124% 1‘24% 12_4_%
Miami Copper . . .| 27%| 27%| 27% 27%
Midvale Steel . ..| 49%| 49 49% 48"1.
National Enamel. .} .c..] «.oof 000 l 04%
North American . .| ....] ...} «.:¢f 6188
N. Y. Central . . .| 81%| 813 81% 811%
N, Xoi N M &Bl ooiof onss] nvnn 32%
National Tead & « of v.cil .ussf 25s:| TB%
Okla. dPl‘v(:ducu . o.] 12%] 12%) 12% légt
N. an o oo gl s W Sl e
Northern Pacific .| 98 9TH| 97X 9Tk
Nev, Con. Copper: .| ....J .coos ¢ves l’ng
N. Y. Airbrake . ,1119%‘119% HBV,.\IISM
Ohio Cities Gas . .| 66%| 55%| 50% | 66%
Pitts.-W. Va. Coal ‘ 37%
Pan-American Pete.| 943%| 941, | 94%| 94
Pennsylvania . . .| 54%| 61%| 64% b 1
People's Gas . . . 56%‘ 56 H 6 3% ;§5
P. Steel Cxe .« .| 80 'BO 'BO .9_%
Pieres OH. . v « % 26%[ lhfi 265! 26%
Pittsburg Coal . .| 61 659%| 60%! 59%
Royal Dutch (01d).[116%]115 1115 {117%
do. (new) . . .|116%[114% 1163|117
Ray Consolidated .| 21%| 21% 21%%| 21%
Reading . . . . .| 88%| 88%] 88% 28%
VUM . o o el wea] piiel e .é%
R. I. and Steel . .| 89 88141 8813 | 88%
B, Pref. v v ot wssa] 2y ....wg
Rock Island . . .| 30%{ 30 30% | 20%
QO. Pref. A . fiaees] cmpnlisass g%%
Ay, pPeE. B ol i) cuid]ienin ’%
Ry. St;:el hSml'-lngs oF skl avididen 2808%
Sears-Roebuek., . .| ....] coeo) 250
Sloss-Sheffield .. . 65%‘ 647% |65 g;%
Southern Pacific . . 199% 1995‘ 109% 1‘ %
Southern Ratlwa y.| 31 | 81 ]Bl | 31%
do. pref. . . .| To%| 7T0% 70%! 3
Studebaker . . . .| 90%| 8414| 89%% 22-’%‘
St. L. & San Fran.| 22% 22& 222 o
Sinclair Oil ... .| 66%| 65 65 9%
Swift & C0.,(1nt.) Ll 60| 60341 60% ‘lgla
. WeE s ot el el asa
Tnb.doPropductt “ % M 801,| 93% | B¢9
Tenn. Copper . . . }A%I 14% 14%12_}3%
Texas Oil . g 2.9%,279%*27'%& %
'l‘exa:dPacKlié sl ww’ 9% 49%) 49
Tnit Fru bbb ek e] Ay
I[J:ion Pacific . . .[136 [135% /136 15}2%
u. Fesa Froaiets | i | 764 28] 10K
. Foo ; !
V. & Rubb(ter i .‘lO5 98141102 I?Z;{:
o s, 00l gl el R
v. s‘.“szge\t. o .1071/,\106%‘107% 10624
0. DR & v b sl gvl 2gta
u. Cignrpmores % 133‘4 133 \‘13}'3%.13%%
T'tah Copper . . .| 79%| !9 i 4?%. (4
va.-C. Chemical. .| 73 | .I%' 72 ‘ 1%
Wabash . . . . { giael dod "’é”"' 38‘?
do. ltut‘;f.l A. ‘ 365 .6%{ 3 891/:
estern Union . .} .voof sieal 2oes
&Zillys-Overland o o 38% 32',4 365 2-?%
Westinghouse . . . Hfil 6:]%‘ 68 % 57‘/‘
White Motors . . . 52&4‘ 67%| 58% ‘B7 i
Wilson Packing (‘.0.4‘8_:.%! 87%| 87%| 87%
BONDS, .
e ———————— e R
OTR T e
By e i A e ‘g 7695
do. 3d 4%s . }®n7'\‘9fl18|32688433
piol 4‘%: : 's32'32'32'@:9s'ozmiox
dor dth 4%s . .595.20195.20195.2019&,24
et 2et et
Santa Fe Earns
Government Good
Profit in 1918
’ The Atchison, Topeka & Santa Fe
Railway Company is one of the few
railroad systems whose 1918 operations
show the Government a margain of
profit. The company's railway operat
ing income, 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
Jest with a net corporate income of
$28,248,432. Allowing for preferred divi
dends, sinking fund charges and appro
priations, the net return was equivalent
to 9.86 per cent on the $221,785,500 of
common outstanding at the end of the
year.
i The income account follows:
Federal compensation accrued $42,885510
OLhe INOOING irsvissdrninersse $530,08%
IGross INCOMe ....ee5e5.5...547,196,262
WRNOE .o isvs i iratndie s B ODSROB
‘Rentals and bther charges.... 4,056,239
Interest on bonds ........... 11,696,191
Net corporate income ......$28,348 432
Dividends on preferred ...... 6,208 685
Dividends on common ....... 13,289,595
Appro. for fuel reserve fund 59,910
Cal.-Ariz. lines bonds sinking
TUNA 2 cgoovarifioe snsnonsssted 19,628
BULDINS i iinsngs ireisbsr i S TOO NS
Surplus Dec. 81, 1917........ 33,230,068
WOt ee s L 900 G
S ¥. & J. V. Railway bonds
sinking fubnld .cid oo 10,032
Surplus a.ymropriatéd for in-
VORLMONt ... cceciricnnaiiaee 110,587
Sundry adjustments ......... 82,428
. Surplus Dec. 31, 1918......541,797,635
ST N S NNP NN W e
vawmmw}
Corrected by Harry Cohen—U. 8. Admin
istrator Iw G-27360.)
Nitrate of soda, 95 per cent, prompt
shipment, $4.07% ex store or ex vessel
Southern ports.
Sulphate of ammonia, bulk, prompt ship
ments, $4.85 ¢. a. f. SBouthern points.
Trona Potash Muriate 40 per cent K2O,
prompt shipments, $2.560 per unit avall
wble, your station.
Nebraska potash, 22 per cent K2O,
prompt shipments. $3 per unit your statidn.
Acid phosphate, pasis bulk, 16 per cent,
$16.50, Atlanta,
Cyanamid, prompt deliveries, $3.76 per
unit . Ammonia f. o. b, Niagara Falls,
Can: da. 1
-t Aot eamerene
received a quotation or 2.45 cents on
1,500 tons of plates for China.
“Other price concessions on steel
products are relatively unimportant,
consisting mainly of waiving of certain
extras, though 10,000 tons of rails for
the Far BEast has been placed at a
price less than the §55-357 scale re
cently quoted on export inquiries.
“Japan will require 200.v00 tons of
plates for 200 ships in contemplation.”
MRI
1 “fl?‘ ‘3
VIGOROUS Alot
IN STOCK LIST
NEW YORK, May 24.—~Trading was
brisk in many issues at the opening of
the stock market today with many
stocks 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 to6o 7-8,
The marine issues were featureless,
the common ofenini at 47 7-8 and then
dropped to 47 1-4, techison was in per
sistent demand, rising 1 5-8 to 99 1-2,
The oil stocks were fienemlly heavy,
Royal Dutch New York falling over 1
{mlnt to 115 8-4, while Mexican Petro
eum ylelded 7-8 to 180 1-2. Pan
9.ltfimiarému Petroleum rose 1 point to
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 new
high record of 106\ Tobacco Products
roee over 5 poitns to 95. Gains of from
1% 3 ?olnts were made in man}{ other
issues in the last half hour. eadinf
closed at 88 3-4; United States Steel,
107 3-8; Keystone Tire, 913 New York
Central, 81 3-4; Sinclair 66 8-4; Mexi
can Petroleum, 180 3-4; Anaconda,
69 1-2; Royal Dutch 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: rallway and
other bonds strong.
: .
Confidence Growing,
&
Says Bradstreet
Bradstreet's weekly trade review says:
“Something like a shifting of actiwity
is revealed in the trade and industrial re
ports this week, Cool, rainy weather and
the lateness of some of the spring plant
ed crops, especially eorn and cotton, seem
to be more stressed at the smaller markets,
but inereased activity, strength and con
fidence is revealed at the larger centers,
while in instances where weather condi
tions have been favorahle 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 collectjons are a
shade slower than last week, but this
seems directly chargeable to weather con
ditions, whereas the increased strength of
demand in primary 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 i%tbe recent past.
“Wegkly bank "tlearing $7,799,656,000.”
NEW YORK CURB MARKET. 4
NEW YORK, May 24—~The curb market
opened steady and closed firm.
Opening. Closing.
Aetna Explo.. ,11 @ 11% 11%% 11%
Ang.-Am. Oil . 25% @ 26% 25 253,
Barnett Oil . .3-16@ % 3-16@;&
Consol: C0p.... 5§ @ b% 5
Cosden Oil . . %@ 9% 9% 9%
Curtiss Aero.. . 19 @ 21 19 21
Houston Oil . .140 @145 140 ) 143
Ind. Pipe. . .102 @lO5 102 1056
Inter Pete . . . 31% @ 32% 31% 821
L. Val. Coal . 90 @ 92 90 92
Magma . . . . 33 @ 36 38 36
Marcont .. . . b @ 6% b 9 Ga
Merritt Oil ..31 g) 311 31 31
Midwest Oil . . 2 2% 2 2%
Midwest Ref, .187 @lB9 186 189
N. Am. Pulp. . bh@ 6% @ 6%
Ohio Oil : . .388 @390 386 @390
Prairie Oil ~ .776 @785 776 @786
Sub. Boat . . .16 @ 16% 16 16 %
80 N Y . .388 @392 388 ‘@392
B O N 0. .780 g 1 730 @736
8.0, Oal. . . 280 @2OO 280 @290
8 O/ Ind. . . .810 @B2O 810 @B2O
Union Tank . .137 @139 137 8139
Victoria Oil' . . 3 @ 3% 3 3y
W.-Martin ..%@ ¢ fi%g 6%
Cons, Arizona . 1 @ 1% 1 1%
Nipissing . ~ .12 Q 12% 12 @ 12%
B. & Wyo. Oil. 60 @ 62 60 @ 62
Glen Rock Oil. 7:;,% % %@ T%
L O & 'Trame.. 3 @ 8% 8 8%
N'west Oil . . 63 @ 65 63 €5
U. B. Steam. . 2@ 2% 254 2%
Sapulpa. . . . 8@ 8% R @ 8%
Boohe : . +» 18 ©l% 13% @ 13%
NEW YORK BANK STATEMENT,
NEW YORK, May 24.—The weekly
bank statement follows:
Average 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 decreased
$133,109,000; demand deposits decreased
$18,796,000; time deposits increased ‘s"i
087,000; reserve increase $4,429,760. |
——— e
J
‘ ATLANTA SECURITIES ‘
s i e L N
Atlantic Steel Co,, com .....| 90 |95
w A 0 DPref. ssssprasseavesans] 98 95
At. Ice and Coal Corp. ....] 68 o
40, DYt siseriiisaiivesl 18 76 1
Atl. and W. P. Railroad ....|]l6o [166
Atlanta National Bank ......[285 (296
Fourth National Bank .......|316 [320
Augusta and Sav. Railway ...| 92 96
Exposition Cotton Mills ......[lB5 190
Fulton National Bank ......[l2O [125
Empire Cotton Oil, common ..| 60 63
B 0 el . .iecsnurvavesast BB 05
Gate City Cotton Mills ......[226 ...
Ga. Ry, and Banking Co. ...|233 |235
Ga. Ry. and RElectric Co. ..[|102%/106
x 40, B per cent ........0 178 79
3a. Ry. and Power, Ist pref. |65 70
Goy BB DY, "o iiiesaissciel AR 15
40, COMMON . .xosevsensrl 8 0
Lowry National Bank .......[220 [225
Southwestern Rallroad ......| 96 R
Third National Bank ........|216 ]2lB
Trust Company of Georgia ...|2756 [2BO
|Atlantic Ice and Coal, 68 ~.| 93 97
Atlantic Steel 68 ............] 93 i
Ga. Railroad and Bank. Co. |BO .
BONDS
Atl-Char. Airline -5g .I s.lo|Basin
Atlanta 3%5, 1940 .........| 4.4o|Basis
e ——re e
STOCK MARKET OPINIONS,
Clark & Ce.: "Wild speculation 'with
public bidding can cause remarkable ad
vance in some stocks, This huas happened
in many specialties in the present market.
While solid standard issues are neglected,
sooper or later, the tide will turn in favor
of coppers, steels and rails. Take profits
on speculation, buy standard issues.”
v e
New York Financial Bureau: “Mixed
views make for irregular movements, with
bullish operations confined to speculation.
The trading position is suggested as a log
ical position for the general market. Gas
stocks are bulled by pool channels.”
FINANCIAL NEWS,
Henry P. Davison, of J. P. Morgan &
Company, says financing of Europe,K will
fall largely on America.
N 8 e
R. G. Dun reports 106 failures in United
States this week; 120 last week, and 184
last year.
g
Paul M. Warburg declares present form
of taxation is harming the country and
that railroad ecredit must be firmly re
established and big investment trusts
formed to aid digestion of Liberty bonds,
thereby laying #oundation for development
here of broad market for foreign securi
ties.
9 -4 9
The average price of 20 rails, 89.87' ad
vsa’nce .46; 20 industrials, 100.47, advance
THE WEATHER.
WASHINGTON, May 24.—The outiook is
for continued cloudy, showery weather
throughout the South with no material
change in temperature,
Forecast By States.
Georgia—Showers probable tonight and
Sunday; no change in temperature.
North Carolina and South Carolina—-
Showers probable tonight and Sunday; no
change in temperature,
Florida—Rain tonight and Sunday;: no
change in temperature,
Alabama and Mississippi—Rains and
thunderstorms tonight and Sunday; no
change in temperature, -
Tennessee—Showers tonight and Sunday;
no change in tempeératures.
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
gituation will have been adjusted.
Labor organizations do not object, provided the vital importation is
“umbered, is strictly supervised by the State or Federal Government and 1%
sternly confined to agricultural laborers. Other .Californians openy favor
the proposition, which has its inception in an agrestic necessity and is umn+
consciously encouraged by the laws of antipathetic deflection.
There was a vegetable shortage last®
vear. The deficiency will be more se
rious this year, due in both instances
to a lack of farm workers, Pacific
Coast Americans find truck cultiva
tion unemdurahly 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. g
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,
Whilst the fear of the Jap has in
creased, the dislike of the Chinaman
has quite disappeared. The 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 eyes) threatens everybody.
Comparisons are instituted between
the two Orientals, invariably to the
good of the Chinaman, who is obedi
ent to meekness, proverbially loyal
to his contract, educable, adaptable.
As the need of him in Pacific Coast
agriculture increases his defects van
ish, his qualities increase and become
manifest. He s 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 admlra?lg 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
God, but you shall obey Uncle Sam.”
And they did. By
Environment Is Abiding.
Tt i further found that education
and environment have an abiding in
fluence on the Chinese as against the
unsusceptibility of the Japanese. So
ciologists find that a Chinese, taken
as a boy and brought up in a mis
sionary school, then transferred dur
ing the impressionable period to a
foreign country, returns to China
thoroughly transformed.
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 China
‘he does not want to transform, which
is said to be particularly true of the
Chirese educated in America.
Fundamentally Democratic.
Aggressive advocates of limited
Cninese immigration . also advert to
the political aspect of China. That
equality of opportunity which is the
eéssence of democracy has always been
affirrved by China in theory and to
some extent in practice, There is no
caste, as the Japanese and East In-‘
dians understand the term. The bar
rier between rich and poor is not
wide. In China it is 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
Westhhope to make Democracy. His
attit®de 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, ii but just begun; the im
mense resources of the country have
hardly been tapped. *
If£ balf the Chinese (200,000,000) are
turned to industrialism, if the coun
try is industrially exploited—-yvha.t
then?
And if Japan shounld be the exploit
er, as is not unlikely,
! DRUGS AND CHEMICALS |
A A A A A AAP i
Ccrract«bby General Distributing Ce., At
lnnta_ . 8. Feod Administratien License
No. (-58394.
Acid Benzoic, U. 8. P, Ib. .80 .90
Carbolie, Cryst., Ib, ... ,7%% LlO
Phosphoric, U, 8. P.,, Ib, .24 @ .28
Stearic,\ D. P. 1b...... 8% @ ssbe
Tannic, U. 8. P. 1b.... 1.40 1.50
Tartaric, Cryst., 1b.... .86% e
Tartaric, Powd. 1b.... 87% Eap#
Alcohol, denatured, gallon 40 @ .42
U. 8. P.,, 190-proof, gal. 497 @ ...
Wood, 85 per cent, gal. 1.28 @ 1.30
Allspice, whole. in bags, Ib, Yy i
Alumy, powdered, 1b.,.... AY @ 4%
Balsam, Cop., U. 8. P., Ib, 2T 8 0%
Copaiba Para, Ib. .... 50 @ .62%
POrar, 1B oo vevoanans 200 o ik
WO IB i simioniien BN QR 1
Bark, Bayberry, Ib, .... .14 @ .18
Cottonroot, 1b: . vcv v 23 @ .38
Prickly, AME™lb. ...... 24 @ .28
Beans, Vanilla, Mex., se-
Jootgd, 8d............ 480 @ 800
Vanilla, Mex., cuts, Ib. 3.25 @ 3.50
Vanilla, Bourbon, Ib. ... 2.76 @ 3.75
Vanilla, Tehati, Ib, ... 1.60 @ 1.65
Berries, Juniper, 1». .... | 8 @ .12
Saw Palmetto, gnd., Ib, 1k a 8
Camphor, American, 1b.... 3.75 % 3.80
oaapia Bark, b ... 0. .39 43
Chloroform, U. 8. P, Ib. .43 @ .44
Cloves, bales, Ib. ...... 40 @ .41
Coumarin, C. P, Ib. ..... 7.00 @ 7.50
Cream Tartar, U. 8. P., Ib. b 6 @ .56
Epsom Salts, U. 8. P, b, 2 @ 2%
Glycerine, C. P,, d’'ms, Ib. 204 @ i
P one TN i,y 23 @ § 4
Gum Tragacanth, No. 1
white, pound ....... 4.00 @ 4.05
Powdered, Ib., i........ 3.65 @ 3.70
Hops, 11. B. P, . vosvanesss 31 @ .3%
Leaves, Buchu Short,
ground, p0und........ 165 @ 170
Henna, b ..isvesvise A 8 @ .40
Bage, Ib. (cssvasnenres 256 @ .26
Bovinn T Tile i adh @OIB
Kola Nuts, bags, Ib. .. 21 @ .26
Nutmegs, 1056-110 s, Ib. .. 23% @ .24
Nux Vomica, powd., Ib. A 2 @ .14%
Oils, sweet, almond, 1b... 1.00 @ 1.10
NS W i ciianiiaeey 138 @ 140
Bergamot, Ib. ......... 6.25 @ 6.50
CIRBtOr, 0. cri.neiavesy A 2 8.3
CRovE: Ib. iel ey TuBB A L 0
Coriander Seed, Ib. ...... 50.00 @ ..
Taenon, T . iivitoinae 130 9 L3S
Beanmee g, i, LT @ s
Mustard, artificial, Ib.. 10.75 @11.50
Peppermint, ib. ........ 9.40 @ 9.50
Sassafras, b, ......... 2.00 @ 2.50
Sassafras, artificial, Ih. A 1 e 48
Mirbane, I, ... iies 24 @ A
Dyestuffs: Markel on sulphur and di
rect colors very firm, Yith big demand.
MONEY AND EXCHANGE.
NEW YORK, May 24 —Sterling exchange
was strong with business in banker’s biils
at 4.64% for demand,
! ATLANTA MARKETS |
AA A A AP AA APt
Corrected Cone M. Maddex (‘mrn,'
U, 8, Foz Administratien License Num
ber G-06583.) X A
Apples.
Evaporated, 60-pound boxes ......3 .17
Canned, 2 dozen No. 32 ~...ceooeos 3.00
Canned, dozen No. 108 ..sc.oveosss 8.26
\ Apricers.
Canned, 2 dozen NoO. 2%8 .cceeevers _5.50
Canned, 1 dozen No. 106 ...cceeseess 10.00
Libby’s, 2 dozen No. 2348 ....eevese 6.80
Baking Pewders.
Buccess, 48 6-cent pn.clugu v anmanns . 380
rumford’s one-half pound ...eeeeese 2.95
Rumford’s No. 1 ....ovcavensovsascs 586
Beans.
California Limas, 100-pound bags .. 9.50
Michigan navy, 165-pound bags .... .10%
String, canned, 2 dozen No. 2%s .. 420
Blackbervies,
Canned, 2 dozen No. 28 ..c.cveasess _5.36
Canned, 1 dozen No. 108 ...ceeeeess 10.00
Beets, 0
Canned, 2 AO%eD NO. 28 ceseccsecs 338
Bran, '
Pillsbury’s Bealt}(x Brafl coeeceescs LA
Bull Head, 2 dozen 8-OUNCE .essee l:g«
Royal, 3 dozen S-OuUNCe ....esessese &30,
Coffee. .
Arbuckle’s, 100-pound cases ........ 28.80
Arbuckie’s, 36-pound CASES ..eesess l’.‘g
Blue Ribbon, 1-pound CADS ..eeeses o 8
Roval, BV +.oosovsecoiiaenasninnt’ =BN
Perfection, DUIK .......sssessecnees 33
¢ 1 ;
Post Toasties, 36 packages .....conve ‘-}O,
Kellogg’s Flakes, 36 puckages ...... 420
Nu!lonal(slurn ¥lakes, 36 packages ~ 3.40
Krinkle Corn Flakes, 36 packages .. 3.40
Grape Nuts, 2 dozen packages ...... 2.86
Shredded Wheat, 48 packages ...... 4.5¢
Pillsbury’s Vitos, 24 packages .... 320
Corn.
Kellogg's Krumbles, 36 packages .... 4.
Canned, 2 dozen, lU-OUNCE® ...ess 3n
Bulk in barrets, shredded ..cceecee .
Ceconnut.
Canned, 2 dozen NO. 28 ceemosemss 345
Flour,
Bweet Marie, self-rising 248 ...... 12.50
Sweet Marte, self-rising 488 ...... 12.25
Columbia, plain, fancy pat. 248 .... 12.50
Columbia, plain, fancy gmt,«fll .o 1226
Pillsbury’s Best XXXX, 248 ....cooeo 13.00
Pillsbury’s Best XXXX, 488 ...... 12.80
“Osofine’ Kansas Patent, 140-Ib. sack 12.00
Pillsbury’s Whole Wheat, 12-Ib. sack 11.40
Pillsbury’s Pancake, 18 packages.... 2.40
Frauit Jars.
Ball Masons, half gals, per gross 11.80
Ball Masons, quarts, per gross .... 9.70
Ball Masons, pints, per gross .... 925
Boyd Mason fruit jar caps, gross.. 3.00
Alr-Tite red FiNES ....ceeesseecsces 0710
Grits,
Purity, 24 packages ..... sesssesee 2.56
Bulk in 100-pound bags, medium.. 4.00
Heminy.
Canned, 2 dozen No. 248 ..ccoeees. 230
Libby*s, bulk, 16 Efi:fl& ki 6 40'
'B, bulk, ~gallon Kegs ...ees .
0 8 5 - 1
24 10-cent or 4 -cent pac%a‘s-.... .
Bulk in 20-pound boxes .N.....ce0 .:‘
: Meal. 3
water Ground, bolted, 100-Ib. bags 3.99
Unbolted meal, 100-pound bags ... 3.35
Milk,
Evaporated, 4 dozen tall ....ee.... 6.25
Evaporated, 8 dozen b&bx S apunns. IR
Condensed, Dime Brand, 48 cans .... 6.25
Condensed, Kagle Brand, 48 cans .. 9.3
Dry powdered, in barrels, bulk .... .24
Molasses,
New Orleans black, in barrels .... .38
Louisiana Black, in barrels ..cceees 34
Mustard.
French®s, 3 dozen §-OUDCE® ..wessss 2.70
Bayle's, 3 dozen 8-OUNCE eeesemss 2.20
Oatmeal.
Purity, 18 packages ....ecceeeeess 180
Dunbar’s Cut Dwarf, 24 cans, No. 28 3.20
Peanuts.
Fancy Virginia hand-picked, 100~
DOUNG BACKS «vvssbsnsssressansais 'oF
Potted Heat. rg
Libby's, 4 dozen %8 ....iee sesmesss 3.40
Kingan's, 4 dozen %8 .....escecesss 2.00
| Tomatoes. W 5
Canned, No. 2 standard, 2 dozen.... 2.26
Canned, No. 2 Stokely’s, $ dozen.... 2.40
Canned, No, 10 standard, i dozem .. .
| Fotatees. s
Canned, sweet, 2 dozen No. 238 .... 2425
| Pumpkin. R
Canned, i dozen No. 108 .eeecacees 450
Canned, 2 dozen NO. 38 ..ceseascess 2.75
Peaches. A
Fvaporated, 25-pound boxes ...... fi
Canned, ple, 2 dozen No. 38 ~..%... 3.26
Canned, table, 3 dozen No. 238 ...... 340
Canned, peeled pies, 1 dozen Ne, 10 7,25
Postum, . ey
One dozen 20-ounce, regular ...... 3ab
Two dozen, 10-ounce, regular ...... 2.0
One-half dozen 20-ounce, one dozenm .
10-ounce, .aßSorted ......ceecooooos 350
Two dozen 4-ounce instant .......... 6.40
One dozen 8-ounce instant ........ l,fl
Assorted, one-half dozen 8-ounce, one
QOZeN 4-OUNCE ....covssesesnssses 50D
Pears.
Canned, In water, 2 dozen No. 2%s .. 4.25
Peas,
California Blackeye, io-gound bags .06%
Canned, No. 2 New York State ...... 85.45
Georgia Blackeye Peas, sacks «sss 05
Fepper.
Black, ground, 6 or 10c sizes .... 3.0
Black, ground, bulk in 15-pound pkg. .37
Pickles.
Sours, ,‘OOS, barrels, 45 gallons.... 18.50
Bours, dozen 8-ounce jars ...... 2.70
Sweet, mixed, 2 dt;‘z‘en 8-ounce jars 3.60
ce.
Fancy Blue Rose, 100-pound packets 9.F0
Salmon.
No. 1 tall chums, 4 dozen to case .. 8.00
No. i tall pinks, 4 dozen to case .... 8.3_5
No. 1 tall reds, 4 dozen to case .... 1L
Salt.
100-pound bags, Chippewa Dairy .... Lll
pO-pound bags, Chippewa Dairy .... b 6
Morton’s free running, 48 packages.. L3I
) Salad Dressing. Vi
Durkee’s, 2 dozen picnic 81z ...... 2.80
Durkee’s, 2 dozen, small BiZe ...... 5.88
Libby’s 24 pODUIAT ......es:essooos 4D
Powdered Corn, 140-pound jutes .. .06%
Kingsford’'s, 40 11-pound packages.. .09%
Argo Corn, 48 1-pound packages.. .07k
Sus-r. 313
Btandard fine granulated, pure cane vo
barrels, 360-pounds average ...... 950
Four 25-pound sacks, 100-pound bales 9.70
100-pound bags, bulk ......ccooccaes 9.50
Cereclose, 100-pound bags, corn sugar 7.46
Syrup.
Glucose, barrels, bulk .....ecese.. .06%
Alaga, 6-105 .......000000000000men 6.25
Alaga, 12-58 ...pc.scovoooovoo ene 6.50
Ajaga, 48 pounds®l%B ........o.e. 1.25
Cane and Corn, bulk in barrels.... 76
Corn and Cane, bulk in barrels .... g
Blackstrap molasses, barrels .....« 24
Clean Easy, 60 DATS .i.....hvesesss 3.60
Grandma's Washing Powder, 72 5¢ 2.8¢
Seups.
Campbell’s tomato, 48 cans ........ 465
Spices.
Alspice, bulk, 10-pound boxes .... L 1
Alspice, ? dozen 6c packages ...... .95
Cloves, 2 dozen 10c package® ...... Lt
Ginger, ground, 2 dozen 10¢ packages I.F¢
Nutmeg, whole or ground, 5¢ ...... L 0
Cinnamon, 5 or 10c packages ...... I.{'{'
Starch. "
Argo, 8 5-pound packages, 40-pound :
BRIP ...y ieesiishsimubhns 4 sbmes LRN
Argo, 48 5C Dackages .....ceeeesen 285
Sardines. «
1 oil keyless, 100 cans .....erevvs 840
14 ofl keys, 100 CANS ..+ sessansasans B Y
% ustard keyless, 100 cans ...... &)
5 fluward keyless, 48 cans ...., . §3 9
i, eoil key cartons, 100 cans ........ 719
Peanut Butter. i
Van Camp’s, 3-ounce, 3 doz. to case 400
Kellogg's, No. 924. 2 dozen to case 3%
Vienna Sausage. !
Libbyis, 3 dozen No. %8 .......... 4
Red Cross, 2 dozen No. %8 ........ 2x¥
Yinegar.
Blue Ribbon, in barrels, buik e 5
White pickling, In horrels hallk % o
Rlue Ribbon, 6 dozen, quarts o cepwa iy
Jockey pure apple, quarts Lo R
Pure apple cider vjnegar, barrels.. .43