Newspaper Page Text
Atlanta Bank Clearings Shattered All Records This Week, Totaling $87,082,826, Reflecting Heavy Business in All Lines
5855 THE GEORGIAN'S NEWS | e
ATLANTA SPOT COTTON UP |
30 POINTS TO 35.40 CENTS
By VICTOR BARRON.
Atlanta Bank Clearings Saturday ..............$14234462.19
Same day IaSY YOOY. .. oo st v nsnaaes AR THH SN 90
TREPIIOE & i oo s aisitonnn & indbomucnsivee B LRI
Same day last week.............................- 13,839,195.60
Same day 1917....... et e egare e ases 7,977,900.35
b * *
Atlanta bank clearings for week ..............$87,082,826.56
Same day last year..............c.icereenea... 12,774,088.90
JOOTOROE | icovicrvnmesivensisocnrnsssisanas 51H108,757.00
SOOI WORR . (1l qovi A s K banihe iks s BEL BRI UNYBY
Bams woekk 107 ... ... iiiit it ieniene e SRBOAZTEOR
¥ & *
Atlanta spot cottos Saturday..........ceveecesnecs... 30.40 c
Sams By MMt Weok...........ccccceimorigibiaanesss SROOO
Bame day. last YUBE. .. ......ccuoiotone vae snppmicsince . Holiday
RS BRY IBLT . . .o ciieiinno iit Deud de wenasy TTANY
bs o b
Atlanta cotten statement Saturday: ;
A 1919. Last week. 1918. 1917.
o SRR B e L 1,253 2,621
pobmenly . 1978 1,842 .ol 1,261
PUERE il S 31,050 e 20008 |
DR . i e AU . 800 T
.‘ . -
A 1 leading stock and commodity exchanges in the United States will
be ¢losed Monday in observance of Columbance Day.
/ * * * ¢
eflecting marked expansion in trade and business in general, Atlanta
bank clearings this week broke all previous high records, aggregating a
huge total of $87,082,826.56, as compared with $,72,774,088.90 the corre-
N T sponding week in 1918—an increase of $14,308,737.66.
% Y The week’s clearings surpassed last week's total-—for
¥t \rf@ (8 mer high record—by $9,864,726.69 and almost doubled
B the same week's clearings two years ago and more
sl than trebled the same week’s clearings in 1916, which
i*,*’fi‘é‘"""« were slightly in excess of $30,500,000.
B e The record breaking clearings, reflected to a consid
¢Sl B 4 erable degree the stimulus given many lines of busi
o=t s¥ ¥EME ness here. by the Confederate Veterans’ Reunion and
%‘*»‘"‘§/ th opening of the great Southeastern Fair Saturday.
\g,é,‘% Cooler weather and the advance in the price of cotton
»WM above 35 cents also found reflection in the vol%ne of
‘“V% business that was handled through the local clearing
“*\ house association.
S e @ [t was stated in The Sunday American last week that
®+v Atlanta was ready to embark upon a period of unpre-
A e R wedented commercial activity for this period of the year.
i . That assertion could not be more fully confirmed than
AR e’ TBO 4 Dy this week's gigantic clearings—WlTls)UT PARAL
acsmmeseone: oo LEL IN THE CITY’S HISTORY.
. Atlanta basiness concerns are s nowed under with business, reporting a
record demund for everything for sale, and state that their only complaint
is the difficullty in securing sufficient merchandise, etc., to satisfy the
publie’s demand.
Following shows clearings for each day this week, with comparative
figures for the last two years: 4
1919. 1918. 1917.
MOnday.. .. tecs oees «++4816,129,873.46 $11,856,565.52 $8,199,522.84
WUOBAAY . ;.. -is sers sase 10,929.248.65 11,818,312.92 7,591,489.56
Wednesday ...: ¢e.. 0... 16,029,964.96 11,115,676.31 7,861,124.06
WRUTRERY. i b e 24,586,730 98 13,970,041.84 8,151,018.18
Poiday .is siis iveaisens 34938,63648 11,218,337.41 8,903,218.53
Saturday .... ..ee ees... 14,234,462.19 12,795,154.50 7,977,900.35
Total, . .. -ov.o . 881082.8236.50 $72,774,088.90 $48,664,273.52
= * -
COTTON RISES TO NEW HIGH LEVELS.
Although the predicted from for Oklahoma failed to materialize Fri
day, the weather map was of such bullish color, showing heavy rains, low,
temperatures and prospects for more over the holidays, that bullish enthusi
asm showed no signs of abatement Saturday. -Demand continued of a
strong character and offerings comparatively light. “
Futures, as wéll as spots, rose to new high levels for the movement,
with Atlanta spot cotton climbing 30 pointss to 35.40 cents a pound, basis
good middling, representing a gain of more than 2 3-4 cents a pound dur
ing the wel: New York spot cotton advanced 30 points to 33.60, while mid
dling at New Orleans made a new high record, rising 37 points to 34.37
cents, with sales of 2,434 bales. The Atlanta Commercial reported sales for
Friday at 4,700 bales on basis of 35.10 cents a pound. Spotsales at eight
Southern markets Friday amounted to 44,000 bales. |
CHICAGO, Oct. 11—October corn
was 3-4 lower at the start today,
while the deferred months were un
changed to 3-8 lower. Scattered sell
ing, induced by more favorable
weather and & lack of offerings, were
features in the decline.
There was very little trade in oats
and opening prices were practically
unchanged. Transactions were in
small amounts and between by locals.
Provisions were slow and practi
cally unchanged with the demand
limited and offerings light.
Grain gquotations: .
| ! I | * l'Prev.
. | Open | High | Low | Close [Close
Corn | i i
Oct. 1.35 1.36%| 1.34% 1.36%] ...
Dee. 1,228 1.23 | 1.217%| 1.22%) 1.22%
May | 1.213| 1.21%/ 1.20%| 1.21% 1.21%
Oats | )
Dec. I 70%’ TO% 70 70% 70%
May 2% 73% 2% 73 2%
Pork
Oct. W nis b boe gslatoh¥ os o s +]38.00
Jan, [32.50 [32.50 [32.25 |32.25 [32.50
Lard |
Oct, 27.80 [28.12 [22.70 " |28.12 |27.80
Jan. 23.15 [23.36 [23.10 [23.10 26.00
May Vool b s s vees RO
Ribs
Oct. 18.02 18.02 418.02 18.02 [18.25
Jan. |17.30 [17.40 117.25 17.40 117.37
e it
ST. LOUIS LIVE STOCK MARKET.
ST. LOUIS, Oct. 11.—Cattle: Receipts
1,200: market steady. Native beef steers
11.00@15.65; yearling steers and heifers
11.00@17.25; cows 9.60@11.00; stockers and
fecders 9.00@10.50; calves 15.00@17.25;
fair to cholce veal calves 15.00@17.25;
Texas steers 9.00@14.00; beef cows and
heifers 6.60@8.00; prime yearlings and
heifers 6.50@8.00; canners and cutters
6.60@7,75.
Hogs: Receipt 3,600; market steady;
mixed 15.10@156.85; good 15.26@15.65;
rough 12.256@13.75; lights 15.10@15.85;
pigs 12.25@156.00; bulk 15.10@15.75.
Sheen: Receipts mnone; market steady.
Ewes 5.00@7.00; choppers and canners
3.00@5.00; lambs 14.85 @ 15.00.
i e i
’ THE WEATHER.
WASHINGTON, Oect. 11.—The outlook
is for cloudy, showery weather over much
of the countryg east of the Mississippl
River during )?onlgh! and * Sunday. The
temperature will-be lower tonight and Sun
day in the East Gulf States and Sunday
in the South Atlantic -States, except the
Florica Pe;insuln. b iibes
orxwt ¥ £
Geofgia—Prébably local showers tonight
an¥ Sunday, cooler Sunday. ‘
North and South Carolina-—Probably lo
cal showers tonight and Sunday, cooler
Sunday. \
Florida—Partly cloudy weather tonight:
Sunday lho‘nn, cooler in extreme morth
portion, S
> At the opening futures at New
York showed a net gain of 25 to 40
pcints. After the gall a reaction of
about 20 points ensued as the result
of realizing and evening up of com
mitments over the holidays. Later
shorts, trade hguses and spot firms
turned good buyers and there was a
wave of outside buyinfi, which lifted
the list to new high levels ‘for the
movement, or to a net gain of 30 to
41 points, with October at New York
reaching 33.26, December 33,47, Janu
ary 33.50, March 33.46 and May 33.45.
October at New Orleans rose to 34.05.
Futures in that market rose 37 to 68
points, with December reaching 83.77.
Just befoge the close profit taking
increased and th elist dropped from
the best quotations, with final prices
at New York 10 to 35 points higher
and futures at New Orleans 7 to 28
points up. ; |
The weather map ported was ex
tremely bullish, showing heavy gen-~
eial raing, with Ih]f rainfall about
seven inches at Littlée Rock and tem
peratures down to 42 at many points
in the belt. The map indicated rain
and lower temperatures.over the belt,
Such conditions, according to map
readers, will further strengtheff the
spot situation and make for a bullish
ginners’' report, as harvesting is se
riously delayed. |
NEW YORK CURB STOCKS.
The market opened firm and closed
steady. .
Opening. Closing.
Aetna Explo, .. 10%8 10% 10 3 103
Anglo-Am, Oil. 26% @ 27% 26%@ 28
Barnett Oil . ®“@ 3-16 %W @3-16
Consol. Copper. 6% @ 6% 6@ 6%
Cosden Oil. . . nxg 11% 11%3 11%
Curtiss Aero. . 12 17 12 17
Houston Oil . .150 158 161 156
Indiana Pipe .100 %102 100 §lO2
Inter Pete . . 36 35% 35 36%
L. Valley Coal 88 91 88 @ 91
Magma . . . + 46 48 45 @ 48
Marconi . . . , 6% 6% 6% @ 6%
Merritt O} . . zm% 25% 260%@ 27%
Midwest Ol . . 1% 2 1% 2
Midwest Ref. .173 176 178 175
N. Am. Pulp . 4% 5% 45 5%
Ohio O. .7 510 376 . 370 @376
Prairie Oil . .73 . @745 786 ' @746
Sub. Boat . ~ 16%@ 17% 18% @ 19
8.0 NY s 458 430 427 3430
8. O, Ni.J. . .72 .'@l3o 727 730
8 O. Cal', . 300 305 300 305
8. O Ind. . + .178 785 775 §lsi
Union Tank . .130 133 130 133
Vietoria Oil ~ . I%g 2 I%@ 2
W.-Martin. ~ . 3 5 3 @ §
Cons. Ariz:.. .1 1-16@1 3-16 1-1-16@1 3-16
Nipissing. . . .11 §ll% 11 31114
B. & Wyo. Oil. 7§ 77 75 7
Glen Rock Orl:” 45 4§ 4% @ 4%
I. O. & Tran#® 8 @ 8% l§B%
Northwest Oil . 52 65 52 55
U, 8 St'ship . . 1%% 7% T% 7%
Bapulpei v o v ¥ 7% %@ T%
Coca-Cola , . » 39%@ 39% 39%@ 39%
Car Light + + « 3% 3% 3% 83,
Boone Ol .« +» T% 81 8% Y% |
Brazos . . . « 28 29 28 29
N Stk |
Alabama and Mississippi—Cloudy, prob
abl{ with rain tonight and Sunday; much‘
Tennessee—Probably rain tonight and
Sunday, much cooler, / J
NEW YORK, Oct. 11.—While the
cotton belt seemed to have escaped
frost this morning, the lowered tem
peratures caused gencral and heavy
rains throughout the section and gave
the cotton market a firm tone at the
opening today and first prices were
25 to 40 points higher.
Liverpool and room shorts were
heavy buyers on the call, but there
also was a good deal of realizing for
over the holiday, which led to subse
quent reactions of about 25 points
from the top.
At the end of the first thirty min
utes the market was strong under
renewed buying and lighter offering,
prices rising to new high levels for
the movement,
NEW YJORK CuriuN.
lOpen . |Hwn.| Lov L.Nalel Ciona. Img
Oct. [33.25|32.26]32.95/33.19{33.20-26|32.85-90
Dec. {33.30{33.47/33.23{33.41{33.38-41|33.06-13
Jan, [33.50{33.50]33.15{33.31{33.30-34/33.15-19
Mar. 33.45’33.46'33.10 33.20’33.70 33.10-20
Moy, 133E303 01310130, MiALAB lOR 10
Closed steady.
NEW ORLEANS COTTON.
Oct. |34.05/34.05/33.93{34.00(33.90-93]33.77
Dec. |33.75(33.77|33.58/33.65{33.65-68/33.40-44
Jan, {33.35(33.48{33.21|33.25/33.28-30{33.00-12
Mar. |33.44|33.44{33.00{33.11{33.03-11{32.00-33
May [33.20/34.25]32.87|32.87|32.87" (32.80-85
Closed steady.
i ameiricrbieami i ————s S |
COTTON SEED UIL.
Cotton seed oil quotations: :
.| Opening | Closing _
January .........|20.54@20.56/20.60@20.65
Februaly ........|20.60@20.65/20.58@20.70
March ..e00eae...|20.70@20.74/20.70@20.80
AITIL tueeieeess.n|2o.7B@2o.Bo/20.76 @20.82
MAY ceeiiaoas.. 420.88@ 20.94/20.95@21.00
October: ~........]23.00 22,10@22.25
November ........[20.60@20.65/20.70@20.74
Decomber .:... 205030 TINNSI 20,58
BSales 6,600 barreis.
SPOT COTTON. |
Atlanta Commercial Exchange quotes
basis good middling new crop 35.40; sales
Friday 4,700. : ‘
New Orleans, middling, 34.37; sales 2,434. ]
New York, middling, 33.90. ]
Liverpool, middling, 21.94 d.
Savannah, middling, 33.13.
Augusta, middling, 32%%.
Norfolk, middling, 33. g
Boston, middling, 33.85.
Philadzlphia, middling, 33.
Charleston, middling, 311%.
Wilmingcon., middling, 34.
Memphis, middling, 34.60.
Dallas, middling, 34.60.
Houston, middling, 343%.
St. Louis, middling, 33.
Little Rock, middling, 33.50.
Montgomery, midiling, 32%. \
Mobile, middling, 323%.
Galveston, miilling, 35%.
ATLANTA COTTON SEED PRODUCTS.
(Quotations furnished by Cemmercial Ex-j
change.)
Description— Price
Crude oil, basis prime ............$17.26
Cotton seed meal cakes ..., (not quomds
Cotton seed meal, 7 p. €. ..cvvveas. 66.0
Georgia, common rate point ~.... 64.00
Cotton seg% hulls, 1008€ .....004sés0 960
Cotton seed hulls, packed ........ 13.50
Linterl Mo, 1 i .vssanseppsssning .06
LlNters, 190, B ...5i b oucis dsbossannn SOO
ATLANTA COTTON DIFFERENCES,
(Quotations furnished by Commercial Ex
change.) ‘
MIGQAInE - IRIF . e ikarsrinis v 100 BN
Strict good middling ..............138 on
Good midaling ........ccceososs.4, 63 OB
ORI =i T iai A VemiT ko L R
Strict low midAling .......vee000.325 Off |
LOW MIAAMAE . ... v savssnesdiveSOP SIL
Yellow Tinged.
Good midaling 5... s iovesescs il OOF
Strict middling .............0v4...300 off
Yellow Stainod.
Good middling ..S” off
¢ et
COTTON MARKET OPINIONS.
8. M. Weld & Ceo.: “We think the farmer
has marketed so x:ucb cotton around these
| prices that he Won’t sell at all on de
clines and spinners cvan afford to pay
present and highe: px;ice: for cotton.”
Maury, Rogers and Auachincloss: “We be
lieve the market is in a position to respond
to bullish developl;nexlts.'.' ,
Bond, McEnany & Ce.: ‘“‘Demand is, good |
both here and abroad, and therefore this
market shoul d&d'vmce further.”
* =
E. F. Hutton & Co.: ‘“We believe that
prices will eventually work very much
higher and would therefore buy on any
setbacks.”
L -
J. W. Jay & Co.: “We predict ultimately
higher prices.”
. s 0
N. L. Carpenter & Co.: “In a day or two
the new level of prices established will
become familiar and be looked upon as
the foundation for further advance.”
« = =
Hubbard Bros. & Co.: “Friday's princi
pal buying came from a sgource which
usually operates for ome of the foreign
commissions.”
$-0 W
Gwathmey & Co.: ‘We believe the ten
dency of prices will be to higher level.”
R § g
E. W, Wagner & Co.: “Sentiment is run
ning very strong to the bull sgide.”
COTTON NOTES, / '
The weather is very bullish, showing
generally cloudy over the belt and heayy
general rains in the westein half; as much
as seven inches. Decided faMl in tempera
tures to 40 degrees and below over Okla
homa, North Texas, with every indication
for damaging frosts Saturday night. Such
conditions will further strengihen the spot
| gituation and make for & very bullish gin
| ners’ report as harvestingeis seriously de
| layed.—Kofler.
5. s 0
Rainfall in the South for the twenty
four hours ended at 8 o’'clock Saturday
night was as ‘ollows: Galveston, .48;
Jacksonville, .10; New Orleans, .04;
Shreveport, .08; Tampa, .06.
The outlook is for considerably cooler
Baturday and Sunday ih the Ohio Valley,
Tennessee and the East Gulf States. Cooler
‘weather is alse probable Sundaysin the
South Atlantic States. Showers are prob
able Saturday in Tennessee and Sunday in
the South Atlnnti.c a.nd .Eaut Gulf States.
A wire from Fort Worth says tempera
ture in Oklahoma is 34 degrees. If this is
80 it would settle that crop.
. " .
The Times-Picayune says: “Despite the
record-breaking sales of spots during the
past week, the accumulating evidence of
a short crop and the prospects of an early
killing frost, cotton longs showed a marked
disposition Friday to take profits and li
quidate on every hulge. This tendency and
rather heavy hédge selling against spot
purchases in Southern markets held the
advancing tendency of the market in cheek
and caused several reactions.
“The trade is now confronted with the
possibility of an early cold wave, one of
the earliest on record if it materializes,
which would overtake a very late crop
and likely do most damage where crop
prospects are best in Northwest Texas,
Oklahoma and Arkansas.
“Advices from the interior are to the
effect that farmers and owners of spots
show no disposition to make concessions.
On the contrary, sentiment is builish, not
only in the South, bat in all trade cen
ters of the world, as a result of business
gradually improving in Europe, and this
situation would » probably improve early
with the. ratification of the peace treaty
by America."
NAVAL STORES,
SAVANNAH, Ga., Oct. 11.-—Market firm,
regulars 1.562% ; sales reported, §9;, market
rosin today, firm. WW, 22.256; WG, 21.560;
N, 21.00; M, 20.20; K, 19.65; I, 18.80; H,
17.30; G, 17.35; ¥, 17.00; E, 16.90; D, 16.60;
B, 16.656. Bales 456. Receipts: Spirits, 230;
rosin, 980. Shipments: rits, 107; rosin,
501, Stock spirits, 7,420 frosin, 31,664,
STATE COTTON CROP LATE;
PICKING UNUSUALLY FAST
-
A much m*ted point with regard to.
the lnteneln of the present cotton crop
is rather conclusively settled by corre
spondents of the co-operative crop report
ing service for Georgia, a joint agency of
State and federal departments of &agri
culture, established by Commisioner Brown.
According to tabulations of replies of sev
eral thousand reporters, the States divides
itself into four principal regions:
The nor@hern fourth is early; within
this section is an oblong area much aheaa
of the rest. Below the early cotton and
taking in the western half "of the State.
is a Targe area of late cotton, which
runs from a week to two weeks behind
usuval. The eastern half of the State,
from Augusta south, is from a few days
to a week late.
Northern cotton, being comparatively
early and having little top crop, is safe
from a frost of average date and severity.
None of the South Georgia crop is In
danger from this source, though some of
the counties are as much as seventeen
days behind the normal. The reason for
this security is that the weevil has strip
ped the plants of all fruit since August 1,
and though the plant growth was far be
hind, the bolls remaining will be open and
picked on schedule time. Indeed, the cot
New York Stock Market
I 1 |Last|Prev.
STOCKS— |High| Low |Sale|Cl'se
Allis-Chalmers . . | 50%| 49%| 49%] 50
American ¢ . ... o dsoolii. .4 28
Am. Beet Sugar.. |95 95 95 943%
American Can . . | 67%| 66%/| 66%| 663%
Am’ Car ¥Fdry. . [136%|136 |136 |136
Am| Cotton Oil . | 58% | 58%| 58%| 59
Am. Locomotive . |11434/113%[113%|1138%
American Smelting | 763%| 75%( 75%| 75%
9m. Steel Fdrys. . | 43%| 43%/| 43%| 43%
Am. Sugar Rfg. . [1397% 139%5/1397%[139%
Am. Tel. & Tel. . . | 99%%{ 983 99%| 911
American Woolen [l3B 1356 [135 [137%
American Linseed 81% ] 81| 81% | 8034
Atl. G. &W. L. . (186 [1827%|18415]|180%
Am, Hide & Leath. | 36%]| 36%| 36% /| 36%
do. pfd... . . [13314]133 [133 [133%
American Tobacco [3077%|307%|3071%)/306
Am. Sum. Tobacco 1!0'5? 109%(110% {llO
Amnerionn YOB .. . 1., Q. oksaa. ol BT
Am. Writing Paper |. 67 67 67 66
Am. Int. Corp. . .|103%[103%]103%]102%
Alloy Steel.. ..| 52 52 52 51
Anaconda ... . | To%]| 70 703%| 70
Atchison.. . . . .| 927%| 92%| 927%| 91%
Atlantic Coast Line |.....J.....].....1 92
Ajax Rugt::r Tia 96& 963 | 96%| 96
Baldwin comot, J1453¢]143% |144 |144%
Baltimore & Ohio | 41%]| 41%| 41%| 41
Bosch Mag. . . ..|125%(123 [123 }.....
Booth Fibheries . .oy 01. vl .l 8
Weth. Steal pbd. . )., ... .. feeno o i2BOOO
do. “B” . . .|108%[107%|108%{107%
Brook. Rap. Trans. |.....|.....f.....] 20%
Buthh: Superier 1., 00l T sBO
Butte Cop. & Zinc §...cfeooas). . cavh 18
Cal. Petroleum . 52%| 51%| 51%]| 52%
Canadian Pacific, . |152 [152 [162 ‘151%
Ohes. & Ohto.\ ~ I.y, fiaav YOSOI B 9
Chicago & Northw. |.....}.....].....] 92%
Col Fuel & From J.....]:....]...05] 4614
Chi., Mil. & St. P. |46 45%| 46 44%
do. pfd. . . . | €7%/| 67%| 67%}.....
Chino Copper . . 447 | 447 | 447 44%
Consolidated Gas . |.....|.....]..-+.] 94%
Corn Products . .J..... liovoifs .v. 88%4
Crucible Steel . . [244 [241 |[2413240%
’cu. PROKINE. .. . - oasrilpiioves ol 7%
Cuban Cane Sugar .| 41%| 41 41%] 41
B 8 DB, ~ Gakeivi ke s lhaded] 38R
Cast Iron Pipe . *| 31%{ 31%| 31%! 32
Centra] Leather . .|106%|1053% 105%‘10.5%
Chile Copper . . | 243%]| 24%| 24%]| 23%
Chandler Moter . [367 ]360 7367 |367
Columbia Gas . , .| 69 69 69 6814
| Corre-de-Pasco . .| 61 60%| 6031 603%
Continanbel Can . |....%] .0} iasi] B 9
Continental Candy 113 11%] 113 11%
WS- o ke 16%| 1634] 163% ]| 16%
3 I .. T
Fisk Rubber.. . . | 53%/) 52%] 63%/| 53
Preoport T & B . BL )t wides il B 0
Gen. Cigar Stores . | 87%/| 87%/| 87% ls
General Electric . |l7¢ 1173 1173 173%
General Motore.. . [303 ‘287 3023; {297
Goodrich Rubber . | 86%] 85%| 86% | 85
Great North. pfd. .}....fs.oc:|evs--] 86
Great North. Ore .| 46%%| 46| 463! 46
Great Western . . 10 10 10 10
do. pfd. .. . f....ifelai]ll i l"l
Gulf States Steel .| 69 67 69 655
Greene-Cananea . l‘ 42%
Illinois Central . . J riah il B
Inspiration Copper | 62%/| 62% 621,1.' 62
Intetbora.. . %4 6% 5% 5% 5%
Ind. Alcohol . . .‘lsl 145|150 [145
Int. Niokel,. , . 283% | 2814] 28%| 27%
Int. Harvester . . [145 |145 [145 1147
International Paper | 65%] 64% | 643 | 64%
Keystone Tire . . | To%]| 69%] 69%) 67%
Kelly Sfirln‘. Tire |[1537%[152 [153%1151%
Kansds City South, | 19%
Kelsey Wheel . ~ . (109 108 [IOB 106
Kansas & Texas ..' 14 13%] 13%| 14
Kennecott . . . .| 36%] 36% 36%} 36
Lackawanna Steel | 86%| 86 !86 B 6 %
Lehigh Valley . . l{ 4814
Lorillard Tobacto R RE AT )
| Coca-Cola to ;
| ' -
! Increase Capacity
THE Coca-Cola Co. expects to
have three additional plans
finished by March 1, 1920, which
means an increase in factory ca
pacity of 40 per cent. Additional
capacity is made necessary by
the growing demand for the com
pany’s products. \
Gross business for the current
year aggregate a total of close to
$25,000,000, and with increased
capacity a new high record is
looked for in 1920. S ales are
running almost double what they
were a year ago with demand in
excess of production. Applica
tion will be made to list Coca-
Cola shares on the: New York
Stock Exchange as soon as prop
er data can be compiled.
Business Active
. §
Despite Unrest,
Says R. G. Dun
NEW YORK, Oct. 11.—Dun's Review
says: “Action toward the restoration of
more stable industrial conditions through
the efforts of interests now in conference
at Washington had come at a time when
busginess is more than ever handicapped
by labor unrest that extends to many
parts of the country and embraces varied
branches of enterprise. While the steel
strike, now in its third week, seems to be
abating, yet some other disputes have
been of more prolonged duration and fresh
controversies have arisen and their de
terrent influence on both domestic and
foreign commerte is becoming more clear
ly perceptible. The result Is not alone
seen in the ldleness of many thousands
of men intimately involved in the troubles,
but also appears in the interruption or
suspension of work in lines indirectly af
fected, and the accompanying dimunition
of purchasing power Is retarding retail
trade In some quarters.
| “Yet business, in spite of the Impedi
‘ments that prompt hesitation and caution,
remains remarkably active In ravet sec
tions, and there is much of the spirit of
confidence manifest.”
i e e Aet
AMERICAN SUMATRA DIVIDEND.
NEW YORK, Oct. 11.—The American
‘Sumatra Company has declared the reg
‘ular quarterly dividend of"zh per cent
and has taken over the Griffin Tobacce
Company.
.ton extends such a short distance up the
stalk this year that early picking and
exhaustion is the rule south of Macon.
It is improbabie that too much emphasis
can be put upon this point, which is little
understood, particularly outside the oot
ton belt. The Northern buyers and mills
naturally suppose a late crop will ba re
flected by low, early ginnings and heavy,
late harvesting. The very opposite i§ the
case this year, because, while the pilant
itself is late, on}g early bolls have sur
vived weather and weevil, and these will
be gathered long before the crop is usually
in. Tt would not be a very great stretch
of the truth to say that the first and
second picking now constitute the whole
crop im the weevil section, and that the
average harvest date must be moved wup
correspondingly. These remarks ‘apply to
Georgia only.
The advance in picking may be judged
by comparison with the season of 1916,
when 40 per cent was ginned by Sep
tember 25.° Percentage in other years gin
ned to September 25 was: 1918, 29 per
cent; 1917, 30 per cemt; 1815, 36 per cent.
These figures are from the official bulietin
Service. .
of the census bureau. g /
Z. R. PETTET.
| Last [Prev.
__STOCKS— High| Low.|Sale | Cl'se.
loe TIP® . 'y v i fossinfonsanfonses] 3%
Louisville & Nash, J.....J.....].....|109
Maxwell Motors ~ | 51%] 48 51 47%
Sp., TR PR . Jiiudenindicendd 1O
20, Ind PO U ive Fovoaidiioia] BN
Mo. Pacific (new) 29% | 29%| 29%| 29%
Mexican Petroleum [25314[2483 251 [248%
Marine., <« . ¢ o 628 | 813 61%]| 62%
* do. pfd. . . . |120%]12014/120%|120%
Minn &St Louis . .oo.) soie] soao] 18
Miami Copper . . .| 27%/( 27%| 27%| 27%
Midvale Steel . . .| 53%]| 53%| 53%| 63%
Nationol OConduit . esad sonsd 553 18
National Enamel .| 843} 84% Hfi 84%
N. Y. Central . . .| 7T6%]| 74%] 75 T 4%
NIX., N 8 H. oo o i) 38
National Lead . . . 87‘& 861 | 86| 85
N &W. . ..... 025102 102 [lB2
Northern Pacific. .| 88 88 88 8%
Nev. Con. Copper .| 18 18 18 17%
N X Rhrake . .1 o)) a 1 88
OKM. Pro. & RY.. ] sisee] oooof o00:] 108
Ohio Cities Gas. .| 56%| 56 56 56
Pitts,-W. Va. Coal ....J ....4 ....] 34
Pond C. C. . ~ . .| 26%/| 26% | 26% "a
Pennsylvania . . .| 433 | 4315| 431%| 43
Pierce-Arrow . . .| 77 71 7 69%
People’'s Gas. . . .| 47 4615 47 45%
Dot Car o, il a 0
Pittsburg Coal . .| 65 65 65 64
Pullman Co. . . ./1203,|120%{120%| ....
Pan-Am. Pete , ~ .[1255|1243(125% [124%
PergaMarquette . of ... co.of ooos] BIOE
Pierce Oil . . . .| 22%] 22%]| 22%| 224
Ray Consolidated .} ....|[ ....f ... ] 28%
Reating . .Gy alosenit vod i o B 8
R. I. & Steel ~ , .[10334{102 [lO2 [lOl%
Rock Island . ~ .| 28%| 28%| 28%| 28%
go. prels A, voial il aiiih BB
qo. gees. B . ] oAaSE ik iL Y
Ry. Steel Springs .{101%1101% 101% /1013
Royal Dutch (new)[1043,|10435[10414(104%
Stromberg Carb.. .{109%[106% 106%[106
Sears-Roebuck. . .|213 {213 (213
Sloss-Sheffield . .| 68 68 68 _filt
Southern Pacific .]1103%/109%|109%/110
Southern Railway .| 263 263%| 263/ 26
do. pref. . ~ .| 68%] 63%| 63%| 63
Studebaker { o + ] «susk svenf wni 100
BL L. B W o ioaa) ivcolk voiak sl AR
Sinclair Oil . . + .| 61%| 613 61%| 60%
Stutz Motors . , .]143 |l4l |143 |l4O
W NRARL s T b T
A 8 et o G el e T
Superior Steel. ~ .| 48 48 48 48
Saxon Motors .. .| 263 23 ifi% 22
Tob. Products, . .|lO7 [1033/107%|103%
Tenn, Copper . o ) i J Lo.oa] 13%
Texas Oil . . . , .[290 [2898¢ (2893 /289
Texas Pacific . . .| 66%]| 66%]| 56 55
United Fruit. . . . . vl 330100
Union Pacific . .[1 12651% (1251 1124%
U. Food Products .| 86%%| 86%%] 8615 87
U. 8. Rubber . . .[l2B {126%]126%1126%
U. 8. -BSteel . . . .{lll2 1113% 11181111 %
do. pref. . , . ....J....'....11b%
U. Retail Stores. .[117%H1117%/117% 117
Utah Co(Ehper voooe | 85| 84%| 85%1 8414
Va.-C. Chemical. .| 82 82 83 ! 83
Weabash. ..% & .§ .« vae ] 50, | 10%
80 PPN A 5T eieß saial it S 0
Western Maryland.] ....) ....] ....|] 123
Western ÜBOn. . . .10 00| 88
Willys-Overland . .| 37 |35 36% | 34%
‘Westinghouse . . .| 57 L 85%! 57 56%
White Motors . , .| 70%| %] 69%| 656%
Wilson Packing Co.| 87 61| 86%| 85
BONDS,
U. 8., Lib. 3%55.]100.12/100.12 100.12]100.12
ascam W T
do. 2d 48 , ] 04.16] 94.16] 94.16] 94.1¢
6. 38 SRRE vl coiuil o 9880
do, Ist 448 .} 94.26] 94.26] 94.26] 94.20
do. 24 4%s | 95.84] 95.84; 95.84] 9580
do. 4th 4%5.] 94,22] 94.22] 94.22{ 94.20
aO, Bt QMM o] siaidd ol ] BOBYE
do. sth 3%5.| 99.82] 99.82] 99.82| 99.382
| I Cotton Supply I
Requirements
(From Wall Street Journal.)
Bo far as production alone is concerned,
the stage is set for a world shortage of
American cotton, the new crop being of
ficially forecast at 10,696,000 bales. An
enormous surplus of old cotton, labor
troubles. the foreign exchange situation,
political and economie conditions in Burope
are counted upon as offsets that will pre
ivc;nt a cotton famine. Labor. pelitical and
financial conditions may have a great in
fluence upon the world's consumption of
cotton, but it is certain that the supply
will not equal & normal demand,
Should the official estimate be realized,
this crop will make the total production
51,953,000 bales m the past five years. In
the preceding five years theé produetion
aggregated 71,296,000 bales, which approxi
mated the world's consumption of Ameri
can cotton. It is not certain, however, that
the ferecast will be realized. The condi
tion of the plant from May until now is
against this hope, Stalk and foliage have
been raised instead of bolls. It is in great
danger of killing frosts at the normal date.
The ginning reports show but 1,864,170
bales ginned to September 25, at which
date, 29 per cent of the crop is usually
ginned, Uniless killing frosts are three
weeks later than usual, considerable cot
ton will be lost,
The world surplus of American cotton
looks larger on paper than it really Is.
It was 6,126,000 bales of lint and 699,000
of linters, or about §0 per cemt more than
usual. Must of this must have been low
grade, Bince the war began the principal
markets for low grade cotton were closed,
while those that could trade with us were
mostly users of the *better kinds. Last
winter Japaneése interests made large
purchases here, sorted over the goods, and
put. the low pgrade stuff back on the
market. The government's specifications
for army cloth called for white cotton only,
The 1918 erop was not high grade. Form
erly, twenty-one grades of cotton were
tenderable, but In January of this year
Congress eliminated the lower ones, thus
raising the standard of tenderable cotton.
It is, therefore, a violent presumption
that much of the surplus of cotton is low
grade stuff which, like linters, helps make
an impressive showing on paper, but no
where else. Ope need but follow the
growth condition of the present crop and
the weather reports to see that less than
the usual amount of the basic grade will
be produced this year. Thn{eforfi. the
amount of tenderable cotton will be small,
Whether a full n-ua;’filon of induvetry
within the year Is possi 18 open to argu
ment. But if it should come so as to
create a nomal demand for cotton the sup-
My could not be equal to the rnuu:-
ments, "’
NEW YORK, Oct. 11.—There was
another display of strength at the
opening of the stock market today,
with pracically the entire list mak
ing advances of tfrom fractions to five
points.
The moor stocks were most acive,
Pierce Arrow advancing over four
points 0 a new high record of T 4 8-8.
Kelly Springfield rose over one point
o above 153; Stutz Motors, 1 1-4 to
141 1-2; General Motors, 1 3-8 to 298
@B, and White Motors nearly 2 points
to 67 1-8.
The steel stocks also displayed
strength, steel common gaining 14 to
112; Baldwin Locomotive one poin to
:145 3-4; Bethlehem Seel B. nearly one
point o 108 5-8; Pressed Steel Car
over one point to 101 3-4, and Repub
lic Tron and Steel 134 to 103 1-4, At
lantic Gulf led the marine shares with
an advance of nearly two points to
182 7-8, while American International
rose one point to 103 1-4.
Mexican Petroleum rose 1 7-8 te
249 7-8; Texas Company one point
to 290; United Retail Stores one point
to 118 and International Nickel one
point to 28 3-4,
United Stromberg Carbon continued
its wupward movement, jumping 51‘
points to 109 1-2, |
Industrial Alcohol became active
a=d rose over 6 points to 151, closing
at 150. Mexican Petroleum touched
a new high record at 252 3-4. Chan
dler Motors also touched a new high
and advanced to 367, but reacting to
361 at the close,-a net gain of 26
points. Gains of 6 points were made'
in Pierce-Arrow and Studebaker, the
former closing at 75 3-4 and the lat-i
ter at 184. General Motors advanced
5 points to a closing of 302 1-2, whlle}
Bethlehem Steel B. was finally
108 1-2; Republic Steel, 102 3-4; At
lantic Gulf, 187, and Marine com
mon, 61 7-8.
Realizing sales caused many reac
tions from the high levels. The steel
jssues fell from 1 to 2 points, Steel
common dropping from 112 1-4 to
111 5-8, while Baldwin yielded from
145 7-8 to 144,
The market closed steady;, govern
ment bonds unchanged; railway and
other bonds steady.
. » »
South America Rich
Field for U. S. Trade
NEW YORK, Oct. 11.—Returning from |
an extended visit to South America, aoorn'
de B. Keim, wvice president of Chandler
and Company, declares that the Bouthern
Republics offer an exceptional opportunity
for American business and should be the
pivoet of the new American foreign trade
movement. Uolivia, Uruguay, Brazil, Chile
and Peru, he said, are in the midst of a
very prosperous era and, naturally, look to
the United States to supply the finished
products which those countries need, and
In return purchase from them the rnwl
materials formerly bought in abundance by
Germany and other European powers, *
“Peru,” Mr. Keim?’ said, ‘“‘offers splen
did oppertunities for American investments.
The great resources of that country at
present are copper n?.nd sugar, the latter
especially, which h developed tremen
dously since the war. The yield, per acre,
is said to be greater than Cuba and will
undonbtedly be increased with the exten
sion of the irrigation system.
“The tin exports of Bolivie have iln
creased 100 per cent, while the develop
ment of her other mines—wolfram, man
ganese and ullver—l;ns been enormous,
Seventy per cent of the world's visible
supply of tin is in this country, and her
wealth of copper, tungsten, hismuth nnd'
other metals is extremely large.
“In Chile, the nitrate industry is under-l
going a reconstruction process, but with
the coming of peace there will be greater
activity In agriculture throughout the
world, which, of course, will genoflt the
nitrate business,
“The opportunities in Brazil are im
measurable. The people are energetic,
progressive and pro-American. At Sao
Pauleo Armour and Company are construct
ing a $10,000,000 plant. The consumption
of coffee, since prohibition in this country,
will not tend to lower prices for that
commodity.”
FINANCIAL BUREAU ON STOCKS,
NEW YORK, Oect. 11.-~A continuation of
the bullish operations of the last few
days is expected in the industrial list. It
is likely that congiderable profit taking
will occur on aecount of holldcy. Steel,
American Locomotive and Retail Stores
are still well bought.
THOMSON-McKINNNON ON STOCKS,
NEW YORK, Oect. 11.—Municipal bond
dealers report a large investment demand.
The bond buyer draws & comparison with
the number and amount of issues brought
out in September this year as against a
year ago. This demand is reflected in the
security market, all of which indlcates
money seeking employment in an invest
ment way. If an analysis of yesterday’s
market is of any value, this demand
shows more diserimination in that securi
ties heretofore neglected are soyght, as
investments. There is a undencg to se
lect .groups rather than the individual
stocks; for instanc, in the industrial
‘uroup-. steels, copers, motors, oils, equip~
\mr-nm, ete., are well defined as groups.
Sudden interest in one stock of a group
"iu immediately reflected in the balance of
that particular indusi”y. Coppers have been
neglected, but signs indicate a revival of
interest | nthis group. A comparison of
present prices in the high priced indus
trials with those which prevailed when
the Steel strike was Inaugurated on Sep
ternber 22, is a good Illustration of ra
pidity of advance in such lssues. Because
of this it is not mrprulnf that the pub
lie generally is turning its attention to
other securitios. ‘There is nothing espe
cially new in the news. The longshore
men's strike has developed to far reach
ing proportions. As an instance, Jersey
ites this morning are compelled to make
n detour or swim hecause of the ferry
hoat tle-up; this without warnihg to a
long suffering pul He,
The lnbor ¢'mfe-ncs at Washington
scems to have reached a deadlock, but it
is hoped when they coavene on Tuesday
next it will be found that the various com
mittees will be able to report some prog
ress made duritig the recess
The market is big enough and broad
enough to suit the most arden bull. Some
irregularity would not be surprising to-
Aday becauge of pending hollday.—B. H.
Ettelson. .
——————
FINANCIAYL, NEWS,
Bradstreet sayd labor unrest and inef
ficlency are npyu'nntly the only clouds on
the commercial horizon now that living
cost n:n.auon has waned, and prices seem
to have reached .ln‘eqn.lllbrlum.
Germany will issue new § {mr cent pre
mium loan to ‘mgun‘t 'o‘! 6,000,000 marks.
J. P. Morgan & (Jo. makes weokly offer
ing of 90-day British treasury bills to bear
G per cent per annum compared with 5%
per cent for the Put several months. ‘
. . |
Bradstreet romu 104 fallures in the
United States t week, againgt 86 last
week, and 166 lafl‘ y:n'i ‘
Aceumulation of the common stock of
fnternational Paper is reported to have
been taking place recently for pool in
terests said to represent insiders who are
mucg ;nmurued“o:o:hmo onomou': ‘do-‘
man or paper e prospect that it
will continue with high prices, The huge
advertising program going on thrfl‘hout
the country to evade excess nrofita taxes
has resulted in expanding extensively the
pages of almost every newspaper in the
country with resultant Mrs demand on the
‘m?er companies. The floating supply of
nternational Paper ap) to be re
duced to small mw ‘
MANY DIVIDENDS BEING
HELD BACK BY TAX LAW
. By BROADAN WALL.,
NEW YORK, Oct. 11.—An uproarously bull market was Wall street’s
response yesterday to the announcement that union labor was surrender
ing in the steel strike and that the President was very much improved
in health. .
Those were not the only reasons for the advance, however. The big
underlying reason is that very rich men can not afford to sell on account
of the income tax. Another reason of almost equal importance is that
there is general expectation of a decision from the supreme court exempt
ing stock dividends from income tax payments. More than a score of
the bog corporations stand ready to declare such dividends the moment
they are officially pronounced immune.
Another reason for the buying was*
the expectation that the Supreme
Court would hand down a decision in
favor of the Southern Pacific Rail
road in the oil case.
It will be seen, therefore, that It
is really a market of great expecta
tions, It is none the less a substan
tial market, for the very best kind of
investnrent buying is in progress,
In the afternoon there was the ns
ual profit-taking and 1t was particu
larly heavy today because of the holi-.
day next Moanday, Rut in spite of
the profit-taking the markot showed
material net gains, for gross advances
were very large in many Ccases. :
Mexican Petro'enm crossed 250,
thereby establishing another ney high
Weekly Fruit and Vegetable Review
Following is the weekly market review.
of fruits and vegetables. (Prices to jon
! bers and stipments for the United States
‘for the period of September 30 to October
6, inclusive):
Onl?nl and potatoes little change, with
slightly downward tremd. Cabbage and
apples unsettled, sweet potatoes advanc
ing. Shipments continue to increase; 19,-
SO3 cars as compared with 18,949 last
week and 18,252 a year ago.
POTATOES LITTLE CHANGE.
Shipping points were generally steady.
Jobbing markets experienced a slight de
cline the middle of the week, with &
partial recovery Monday, Maine Green
Mountains, bulk per ewt., weakened from
last week's range of around %2 f. o. b
Presque Isle to $1.83, advancing 10c in
New York to $2.60 and declining 15¢ v
Poston to u.n%z.zs, advancing in Colum
bus to $3.35. ew Jersey = (Giants held
about steady in the East at about $2.36@
2.66, but declined to $2 in Detroit, with
a partial recovery to $2,16. Minnesota
Harly Ohios held steady at $2.50@2.60
| sacked per cwt. f. o. b, shlpglng point.
| Carlot sales in Chicage were 30c higher,
closing at $2.75@2.90 and steady in the
other markets, with an upward tendency
at around $3. Minnesota Red River Ohios
advanced slightly at Moorhead to $2.56@
2.60, with a decline to a closing range of
8!470?!.80 in Bt. Louls, 38.00?5.15 in Cin
cinnati and $3.00@3.25 in Omaha, with
cnrlot sales in Kansas City steady at $2.85.
Minnesota Round , Whites declined to a
closing range of $2.25@2.30 sacked per
cwt. Minneapolis, declining in meost mar
kets with only a partial recovery Monday,
closing in St.' Louis at $2.26@2.50 and
other johbial markets $2.65@2.85, except
Cleveland, ich reached 83.00 and with
carlot sales im Chiczgo Ib6c under last
week $2.25@2.35. Colorado stock held
steady at all lhlpplng points, Brown Bead
ties closing at $1,80@1.90 and Russels
$2.00 sacked per cwt. wagonloads cash to
| growers at Monte Vista and Downings and
| Barly Ohios $1.80@1.95 at Greeley and
$1.76 for white varieties &t Grand June
tion. Colorade and Idaho white varietics
held steady in most markets at last week's
range between $2.75@3.25, but declined In
st, Louis to g!.lfi\zwd selling at_last
week's pricesis2.6o@2.7s in Denver, Tdahn
Rurals were a little lower, cloohoag nt $2.65
@2.75 in Chicago and only $2.00@2.4§ in
Bt. Louis, sales to_retailers in Denver
holding steady at. $2.65@2.75, Michigan
and Wisconsin Round Whites, after a
slight advance, closed at last week's range
of $2.00@02.26 smacked per owt, £. o b
Waupaca and $2.15@2.25 Grand Rapids,
and closed at $2.65@2.76 in principal con
suming centers, reaching $3 in Cleveland
and carlot prices of $2.26@2.35 in Chi
pago. New York Round Whites closed at
$2.20@2.60 in important Eastern markets.
Nebraska tarl{ Ohios fleld run sacked per
ewt., brought $1.85@2.00 wagonloads cash
to growers at Alliance, $2.60 in Kansas
City, $2.75 in Omaha and declined to $2.00
@%.10 at St. Louls. Shipments continue
to increase slightly, 6,240 as compared
with 6,821 cars last week and 6,192 a year
ago. Minnesota continued to lead with
1,489 cars. Wisconsin shipped 1,104 cars
as compared with 882 last weelt, Malne
641, Colorado 639, North Dakota 393 and
New Jerpey 302,
CABBAGE PRICES ERRATIC.
Wisconsins and Minnesota Holland Seed
advanced to $26.00@27.00 bulk per ton
f. 0. b. shipping point, but closed at close
to last week's range 321.00%1(00, declin
ing In Cincinnati to $36.00@40.00 and in
Chicago to $23.00@26.00, holding steady at
$30.00@36.60 in St Louis, and bringing
£40.00@ 45.00 steadily in Indianapolis. New
York Daomesties held unchanged between
$18.00@25.00 per ton f. o. b. Rochester
and up to $30.00@35.00 in the East, Dan
ish seed bringing $2800@30.00 f. o b.
Rochester. Long Island barrels weakened
in New York to $1.60@1.75. Colorado
gtock held steady at 80¢ bulk per owt
wagonloads cash t ogrowers at Greeley,
advaneing in the Central West and de
elining in Southern markets, colsing at
$£2.00 In Kansas City, $3.26 in Omaha,
$2.50 in Memphis and $2.00@2.25 in New
Orleans. Shipments were about the samea
as last week, 788 as ‘compared with 763
and about two-thirds the shirmients of a
year ago, 1,254 cars. Colorado shipments
were 181 as compared with 269 last week,
Wisconsin 271 and New York 142,
| ONIONS STEADY.
. Pastern sacked yellow stock closed $3.00
@3.50 pe rewt. f. 0. b, Rochester and also
jobbed at the same prices in the principal
Rastern markets, with a dull market gen
erally. Jobbing prices were generally 250
lower than last week's closing range. Min
nesotn Red Globes held steady around
$3.40@3.60 sacked per owt. f, o, b, Min
neapolis. Middle Western yellow varietics
declined in_ the Em‘u} to $3.10@3.50, but
held generally steady” in the Centra] Wost
nt $3.50693.78, reaching $4 in Kansas City
and Columbus, California {\uutl‘hllln
Browns declined slightly in Pittsburg to
$3.66¢3.85, held steady In Chicago At
$3.76 and in Baltimore at $3.75@4.00,
renching $4.00@4.60 in Southern markets,
California yellaw varieties derlined slight.
ly to $3.66@3.85 sacked per cwt, in Pitts
burg and to $4,00 in _Omaha, holding
steady at $4.50 in Fort Worth. SBhipments
Protect Your Valuables i
In One of Our
Continental Trust Company
Hurt Bldg.
Péng, THINK OF
“Best for the Southern Climate”
COOLEDGE PAINT & GLASS
12 N. Forsyth B¢, On the beidgac”
>NI ol 0 "'_ !w_(_'_'!(lhl!&’!t!"!»\:"m“llfl"“l'\'»\m"."l{"“‘/hlv"!"”fl«‘.“H'"!h UL LA o -‘;fi 4
SECURI%[;SS ALES WMPANY §
v 1100, Direct wire so our Newlbr correspondent m“" |
record. The st)ox is now in the class
with which ordinary traders can not
interfere.
Threats of a coal st ike helped ail
the oils. Motors very naturally sym
pathized with th 2 il stecks, in whose
prosperity they are an importaat fac
tor. Chandler was the recosc brea; -
er of the day, going up 35 paints to
a new record and closing there.
Tobacco stocks attracted respeaiful
attention all day. The strest is be
ginning to realize vague'y thit some
thing big is going on in tonaecco. The
tobacco stocks, hy virtus of what is
now being done, will be lifted from
the speculative department of the
market and put in a class of nigh'y
conservative invesiments.,
»decreased to 6156 cars as compared with
920 last week and 1,282 a year ago. Of
these California shipped 197 cars,
APPLES STEADY,
New York Rhode llsland Greenings, A
21, continued to bring $6.00@6.560 per bar
rel f. o. b. Rochester, but closed at g_."
Monday, advancing to $7.00@7.50 in New
York and holding steady fn Chicage a,:.;
SB.OO. New York Baldwins closed at $6.50
per barrel f. o, b, shipping point. Virginia
Yorks, A-2%, ruled steady at $6.50 per
barrel f. o. b. Martinsburg and fl.flfi??.“';
in Cincinnati and Baltimore, $7.50@8,25 in
Southern markets, with inferior stoclk
bringing $5.00@6.50 in the other leading
Bastern markots, annsylvanufnd Vir
ginia Grimes, A-2%, declined td $7.50 in
Philadelphia, advanced to $8.50 in Balti
more and held steady in Atlanta at SB.OO
@950, West Virginia Ben Davis held
steady at $5.00@5.25 . 6. b. Martinsb@tg.‘*;;
Colorado extra fancy boxed Jonathans
held steady at $2.25 f. o, b. Grand Junc
tion, with range of $2.26@2.60 wagonloads
cash to growers bulk per cwt, at outdz"}
points. Northwestern: extra fanc¥ a
Jonathans closed at $2.40@2.50 f. o h
Spokane and declined in the impeortant
jobbing markets, averaging $3.25@3.50 in
leading Middle Western markets, decline
ing to $3.00 in Detroit and closing at $4.00
on a dull market in New York. Extra
fancy Winesaps brought $2.50@3.00 f. o, 3‘
Spokane, California Belleflowers i‘ -
$250@2.95 in most important iddle
Western markets and reached $2.75@3200
to retailers in Fort Worth. Shipments
continue to increase rapidly, barreled ap
ples 3,244 ecars as compared with 2.3 9
last week aad 3,124 a year ago and boxed:
apples 2,402 cars as compared with oty
1581 last week. and 1,929 a year ago.
Washington shipped a large part of the
‘hoxed apples, 1,379 cars, Virginia s pped
490 cars of barreled apples, New. ¥ork
466, and Illinois 357, F, . S
’ ’ ’
Financial Sunshipe
AT the next meeting of the
board of directors of the
American Hide and Leather
Company, of which Lindsey Hop+
kins of Atlanta is a director, on
October 28 a tentative plan will
likely be announced for provid
ing for the 111 per cent accumu
lated arrears on the preferred
stock. Inone quarter isis said
that a new issue of preferred
stock would be proposed for the
holders of Hide and Leather pre
ferred. Another source having
equally close access to the man
agement, says that common
shareholders would be given
rights to subscribe to a new is:
sue of some sort. i
8 Yue_Omn-&)un LA
“FIRLDER SALLEN (1
Rl T B SRV R SRR
T —— % T l
u"'\ T B i !
g oyl
o | Set A
‘Hyloplaie K|
otk dox | I
Rlag s ,
;e | )
g Be sure to insist
on Fialco Hyloplate
Blackboard. The vel-' ,
vet writing surface
is most economical in
the use of crayon and &
\ is erased completely 4
\.\ with a minimum of \
{ effort snd eraser
l wear. 2
Finleo Hyloplate e
‘ never sweats, never f :
gets preasy. It is P
nnlturl. It has & uniform dead Jet |
BLACK or a live GREEN -elastio i
writing surface that is not nolsy |
when written upon and that loet S
not c¢hip, erack or “‘spider elvh.’ -
It is guaranieed, g
Fialco Hyloplate is easily install- |1
ed by anyone who can use & saw 3
and hammer, on ahy sort of a wall;
even on bare studding. Write us T
for sample :
and :
prices, B
N 9P ,
, '(“ k . /; 5
RSN U 28 A e
Ko SBCHAT
R},& . s;.g
== el —=
-zm@*"' AL %5, e
= 1 WA B s
SRR IS ==
- e e
APIES T 7 b ey S NS
BRI ENS &
SRR TE fi
£l S TR