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étianta Bank Clearings Shattered All Records This Week, Totaling $87,082,826, Reflecting Heavy Business in All Lines
IT:@I GEORGIAN'S INANCIAL NEWS) Vé&s 51
ATLANTA SPOT COTTON UP
30 POINTS TO 35.40 CENTS
. By VICTOR BARRON. |
_Atlanta Bank Clearings Saturday ..............$14,234,462.19
Same day last year..... ......ccecosvevssenesss 12,795,154.90
SRBEaRNE - T eet SR B 8 D
BSame day last weekK............ccceevvacvenaenq.- 13,839,195.60
B BBY MLT. oo iiiini cin s o buibany win cobi e TP
* * *
Atlanta bank clearings for week ...,..-...f....587,082,826.56!
Bame day Inst YOAP.......,.iiteosevss®sosconae 18,114,088.00
TNCrease ~.......cccveeensscnvennsvnonns $14,308,737.66 ‘
BREE SUBE L i . ciisninenvmiti bt anininy DELEIROND T
Bame Woult IRIT ... ivinsossrsion.snneniemmnnses SLONSIO NS l
* * *
Atlanta spot cotton Saturday.....ecc..ecesncevaces.. 30.40 c l
,Same day last week....,......c.cicommovrmncrnncnnn. 82'.600 ‘
Bams oy 1088 JOAr. . ... ... . ssvsuienosnnibamareqns o JNONGRY
Bais GBF 1017, .. ....c....5 lickswenansniisonsindes 81000 |
- * % %
Atlanta cotton statement Saturday: ‘
1919. Last week. 1018. 1017,
IROORIEIER iet SRR 1,253 ANk 2,621
Shipments .........5.... 1,372 1,842 Sk 1,261
Bloeks ... ...l 98009 31,050 ceds - 2BDOR
Bales . 0. ... rANG. ST 800 .vo s
- . -
. All leading stock and commodity exchanges in the United States will
be closed Monday in observance of Columbus Day.
* * *
eflecting marked expansion in trade and business in general, Atlanta
bank clearings this week broke gll previous high records, aggregating a
huge total of $87,082,826.56, as compared with $,72,774,088.90 the corre-
STR sponding week in 1918—an increase of $14,308,737.66.
RS ® The week's clearings surpassed last week’s total—for
el j'”?_‘%f:.’-v-‘ & mer high record—by $9,864,726.69 and almost doubled
2w @l the same week's clearings two years ago and more
i~ 0 N 8 than trebled the same week’s clearings in 1916, which
&. W were slightly in excess of $30,500,000.
g The record breaking clearings, reflected to a consid
o ada W orable degree the stimulus given many lines of busi
¢ TTTTR VWMR less here by the Confederate Veterans’ Reunion and
§° 0y ¢@ th opening of the great Southeastern Fair Saturday.
gf‘fé’“ Cooler weather and the advance in the price of cotton
. . “88 apove 35 cents also found reflection in the volume of
’@‘ business that was handled through the local clearing
Eades ™ §8 house association.
DR It was stated in The Sunday American last week that
§ : Atlanta was ready to embark upon a period of unpre
. R B cedented commercial activity for this period of the year.
.~ R B That assertion could not be more fully confirmed than
N 7 @ ] Dy this week’s gigantic clearings—WlTHOUT PARAL
susmaessssoe LEL IN THE CITY'S HISTORY.
Atlanta business concerns are s nowed under with business, reporting a
record demand for everything for sale, and state that their only complaint
_is the difticull’ty in securing sufficient merchandise, ete., to satisfy the
public’s demand. :
Following shows clearings for each day this week, with comparative
figures for the last two years:
1919. 1918. 1917,
Mondaw. (.. .. it wiveiiie.:slßl3o.B72.4B $11,856,565.52 $8,199,522.84
BRGRERY .. v, Loon e wsis 2008004800 11,818,312.92 7,691,489.56
Wednesday ..o o 0 oe.. 16,029,964.96 11,115,676.37 7,861,124.06
TRURBARY. wiia’ v o iispvibins A 4 880.780.08 13,970,041.84 8,151,018.18
ST i s, L aad e 14,982,580.48 11,218,339.41 8,903,218.53
Baturday V.O Lo ey 1423446209 12,795,154.50 7,977,900.35
Totals .. .. <o <« . $87,082,826.66 $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 well 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 wek. 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.
i
CHICAGO, Oct. 11.—October corn
was 3-4 lower at the start today,
while the deferred months were un-l
changed to 3-8 lower. Scattered sell
ing, induced by mort favorable
weather and a 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 quotations:
| ! 1 |Prev.
| Open | High| Low | Close |Close
Corn | P I i
Oct, 1.35 1.36%| 1.34%| 1.35%]| ...
Dec. 1.228%) 1.23 1.21%| 1.228%| 1.22%
May 1.21%] 1.21%]| 1.20% 1.21%] 1.21%
Oats |
Dec. ro 70%| 70 70%1 70%
May 2% 3% 2% 73 72%
Pork
Oct. veues+]3B.oo
Jan. (32.50 [32.50 [32.25 32.26 |32.50
Lard | '] p
Oct. 27‘8% 28.12 [22.70 [28.12 |27.80
Jan. 23.1 23.35 [23.10 [23.10 26.00
May G ePR L IANEY
Ribs
Oct, 18.02 [18.02 [18.02 [18.02 18.25
jan. 117.30 117.40 ]17.28 17.40 117.37
s —————~
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 choice veal calves 165.00@17.25;
Texas steers 9.00@14.00; beef cows and
heiters 6.50@8.00; prime yearlings and
heifers 6.50@8.00; canners and cutters
5.60@7.76.
Hogs: Receipt 3,600; market steady;
mixed 15.10@15.85; ' good 15.26@15.65;
rough 12.26@13.75; lights 15.10@15.85;
pigs 12.26@16.00; bulk 15.10@15.75.
Sheep: Receipts none; market steady.
Eweg 5.00@7.00; choepcrs and canners
3.00@5.00; lambs 14.8 @15.00:
T i csigmaiuiis
CHICAGO CASH GRAIN.
CHICAGO, Oct. 11s—Cash: Corn, No.
2 mixed 1.41@1.42; No. 2 white 1.41@1.42;
11:'0. 2 yellow 1.41fi1,421; No. 3 mixed 1.41%;
{O, 3 yellow 1.41@141%.
Oats: No. 2 white Tl%@T2%; No. 3
white 69% @7l.
e il
NAVAL STORES.
SAVANNAH, Ga., Oct. 11.—Market firm,
regulars 1.52% ; sales reported, GQ;‘marl'(et'
rosin today, firm. WW, 22.25; WG, 21.50;
N, 21.00; M, 20.20; K, 19.56; 1, 18.80; ‘_H_-
17.30;. G, 11.35; F, 17.00; E, 16.90; D, 16. ,0:
B, 16.65. Sales 456. Receipts: Spirits, 230;
rosin, 98 Shipments: Spirits, 107; rosin,
FoL™ Stock apurita, 74% vostm JLE64.
- At the opening futures at New
York showed a net gain of 25 to 40
pcints. After the call a reaction of
about 20 points ensued as the result
of realizing and evening up of com
mitments over the holidays. Later]
shorts, trade houses and spot firms
turned good buyers and there was a
wave of outside buying, which lifted
the list to new high levels for the
movement, or te 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 33.77.
Just before 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. posted was ex
tremely bullish, showing heavy gen
eial rains, with the rainfall about
seven inches at Little 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 strengthen the
spot situation and make for a bullish
ginners’ report, as harvesting is se
riously delayed.
COTTON NOTES.
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
Saturday and Sunday in the Ohio Valley,
Tennessee and the BEast Gulf States. Gooler
weather is also probable Sunday in the
South Atlantic States. Showers are prob
able Saturday in Tennessee and Sunday in
the SBouth Atlantic a‘nd .East Gulf States.
.
A wire from Fort Worth says tempera
ture in Oklahoma is 34 degrees. If this is
so it would uttle.tr.%t grop,
The Times-Picayune says: ‘“‘Despite the
record-breaking sales of spots during the‘
past week, the accumulating evidence of
a short crop and thy grospeeu of an early
killing frost, cottonlo gs showed a marked
disposition Friday so take profits and li
guidate on every b:l.e. This tendency and
rather heavy hedge selling against spot
purchases in Southern markets held the
advancing tendency of the market in check
and caused several reactions.
“The trade is mow 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,
Oklahéma and Arkansas.
“Advices from the interior are to the
offect that farmers and owners of spots
show no disposition to make concessions.
On the contrary, sentiment Is bullish, not
only in the South, but in all trade cen
ters of the world, as a result of hul“u
gradually improving in Europe, and is
situation would probably improve early
with the ratification of the peace treaty
by America,”
n |
NEW YORK, Oct. 11.—While the
cotton belt seemed to have escaped
frost this morning, the h){vered tem
peratures caused gemeral and < heavy
rains throughout the section and gave
the cotton market a firm tone at the
opening today and first prices were
256 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. A
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,
Realizing over the holidays resulted
in the market reacting from the early
high levels during the late trading,
with liquidation heaviest in the dis
tant positions. The close was steady
at a net advance of 5 to 35 points.
Spot cotton advanced 30 points to
33.90.
NEW YJURK CuriuN.
TOpen. |Hiah.| Loy L-Nalel Ciose. |PrV.Cless
Oct. [33.25/33.26/32.95/33.19(33.20-26/32.85-90
Dec. [33.30133.47(33.23({33.41{33.28-41{33.05-13
Jan, 133.50/33.50{33.15/33.31/33.30-34{33.15-19
Mar, 133.45133446133.10[33.2()[33.70 33.10-20
May 508130 TN 1005- 2019828 1321539
Closed steady.
e W ORLBANS COYEON. 0
10pen. |High.| Low. |L.Salel Ciuse. |Prv.Closs.
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(33.00133.11(33.03-11/32.00-33
May |33.20}34.25|32.87131.!7132.87 32.80-85
Closed steady.
il koot
COTTON SEEL OIL.
Cotton seed oil quotations:
i Opeßing ] Clowng.
JADUREY . iahendy 20.54320458 20.60%20.05
February ........[20.50@20.65/20.58@20.70
March ....e00..../20.70@20.74(20.70@20.80
ARril ciiiieeeess.j2o.7B@2o.Bo/20.76 @20.82
May ...0vevee...|20.88@20.94/20.95@21.00
October ...0.....122.00 122.10022.25
November ........ 30.60%20.65 20.70@20.74
December .......120.50@20.57/20.61@20.65
Sales 6,600 barrels.
SPOT COTTON.
Atlanta Commercial Exchange quotes
busis 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 34d.
Savannah, middling, 33.13.
Augusta, middling, 321%.
Norfolk, middling, 33.
Boston, middling, 33.65.
Philad>2lphia, middling, 33.
Charleston, . middling, 31%.
\Vllming;on’ middling, 34.
Memphis, middling, 34.60.
Dallas, middling, 34.60.
Houston, middling, 34%.
St. Louis, middling, 33.
Little Rock, micdling, 33.50.
Montgomery, midiling, 32%.
Mobile, middHng, 323%.
Galveston, milliling, 35%.
i i
ATLANTA COTTON SEED PRODUCTS.
(Quotations furnished by Cemmercial Ex
change.)
Description— Price
Crude oil, basis prime ............$17.25
Cotton seed meal cakes ....(not quoledg‘
Cotton seed meal, 7 P. €. .......... 66.00
Georgia, common rate point ...... 6400
Cotton seed hulls, 1008 ......eveooe 9.60
Cotton seed hulls, packed ........ 13.50
Linters, NO. 1 ..cccvevssvsccnsssnsss .06
Linters, No. 2 ...c.ccevetasasenersnse .03
s e ANt
ATLANTA COTTON DIFFERENCES.
(Quotations furnished by Commercial Ex
change.)
Middling fair .. RS SRR .L |
Strict good middling ......ceeovos 138 on
Good MIAAINE .....veveaeseesssas. 62 On
MIiAAUNE ..:vcvvserssosncnesscsss. Basiy
Strict low middling ......ccotooo 23‘5) o;; ‘,
Low middling ....c.oovveviavnnsnns o
£ Yeilow Tinged. |
Good middling ;gg g:;
Strict middling . ......ccccooooooo
P fellow Stainod.
| Good middling . iR T
l ————————————————————————
HESTER'S COTTON STATEMENT.
Comparisons are to actual dates not to’
close of corresponding weeks.
In sight for week...........0vies 302,000
I do. same seven days last
WORT (i o Vs vy Ol sy 330,000
do. same seven days year be-
BPO eUi eAet R 400.080
do. for the month .......... 437,000
| do. same date last year .... 520,000 |
‘ do. same date year before.. 617,000 |
| do. fOr SeAason .............s 1,347,000
do. same date last year .... 1,931,000
do, same date year before .. 2,159,000
Port receipt§ for seasonm ........ 726,000 |
do. same date last year .... 1,021,000 |
do. same date year before last 1,265,000 I
Overland to mills and Canada for ,
BOABON. ' Jvs o ndobebnsrhsin e 88,000
do, same date iast year .... 166,000
do. same date year before.. 610,000 |
Southern mill takings for season 469,000
do. same date.last year .... 694.000&
do. same date year before .. 610,000‘
Interior stocks in excess of Sep- 4
tember 1 ... ... cccsaenes 65,000 !
do. last YEAr ......ccesseee 151,000 |
do. year before ........esses 123,000 |
Foreign exports for week K...... 60,000 |
do. same seven days last year 121,000
do. same seven days year be-
LoPe i i o sßy - AS6IOO
Northern spinners’ takings and :
QO. TOT RORSOM . ... ses-srssas 338,000
do. same date last year .... 754,000
do, same date yser before,. 1,044,000
Canada for week ........ 31,000
do. same seven days last year 42,000
do. for SEASOM ............c. 262,000
do. to same date lumnr .o 329,000
Statement of Spinners’ ngs of Ameri
can Cotton Throughout the Werld. ’
RIS WOOK &.vss% ssisvasnssesniss, 108000
Same seven days last year ...... 215,000
Same seven days year before.... 188,000
Total” since September 1........ 1,717,000
Same date last year ........... 1,667,000
Same date genr before ........ 1,703,000
Statement of World’'s Visible anprly.
Total visible this week ......... 3, 95,800
do. last WeekK :............. 3,912,000
do. same date last year .... 3,387,000
do. same date year before .. 8,103,000
Of this the total American this
RO - .%o i indiis sy s nes SANT N
0. 188 t Week .......5..00.. 3,600,000
GO, Tast WRRF Lok i Rilis e z.zss,ooo]
do. year before ........e..q 1,960,000
All other kinds this week ...... 1,181,000
‘ Ao, 188 t Week .......<...... 1,222,000
o, last Year .............. 1,091,000
1 do. year before ............. 1,143,000
Visible in the United States this
: WO . v inviiiaesesinissi R IERNOO
‘ do. this date last year .... 1,805,000
Visible in,other countries this
WM bii v vaes Saimrmnovs RN 000
do. this date last year ...... 1,662,000
CHICAGO LIVE STOCK.
(By U. 8. Bureau of Markets.)
CHICAGO, Oct. 11.—Hogs: Receipts 6§,-
500; market firm; bulk 14.00@®16.50; top
15.60; heavyweight 14.50@15.560; medium
weight 14.75@16.60; lightweight 14.50 @
15.40; light pigs 14.50@15.40; heavy pack
ing sows, smooth 14.00@14.85; packing
sows, rough 13.00@13.50; pigs 13.76@16.00.
Cattle: Receipts 2,600; compared with
week ago strictly good to prime steers
steady and 50 cents higher, other grades
weak, unevenly 25@75¢ lower. Few prime
cows and heifers steady, other she stock
50@1.00 lower. Canners 25¢ lower; bulls
75@1.25 lower; calves 2.6033.00 lower,
good and choice feeders 25@50c higher,
other grades steady to 25c lower.
Sheep: Receipts 1,500; market compared
with week ago, best fat range lambs 50@
75¢ lower; natives 1.00@1.50 lower; fat
sheep mostly 50c lower; feeding lambs 50c
@I.OO lower.
FINANCIAL BUREAU ON STOCKS.
NEW YORK, Oct. 11.—A continuation of
the bullish operations of the last few
days is expected in the industrial list. It
is likely that considerable profit taking
will occur on account of holiday. Steel,
American Locomotive and Retail Stores
‘are still well bought. I
|STATE COTTON CROP LATE:
| PICKING UNUSUALLY FAST
A much mooted point with regard t
the latczeu of the present cotton corop
is rather conclusively settled' by corre
gpondents of the co-operative crop reports
ing service for Georgia, a joint agency of
State and federal degartmmu 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 northern fourth is eariy; within
this section is an oblong area much ahead
of the rest. Below the early cotton and
taking in the western half of the State.
is a largé area of late cotton, which
runs from a week to two weeks behind
usual, 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 tgp ecrop, is safe
from a frost of avern‘g date and severity.
None of the South Georgja 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 @ecurity is that the weevil has strip
ed the plants of all fruit since August 1,
nd 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
| | |Last|Prev.
SBTOCKS— |High| Low |Sale|Cl'se
Allis-Chalmers , ~ | 60%| 49%]| 49%]| 50
American Zine . « ..o feosoioo.onf 23
Am. Beet Sugar.. |95 95 05 |.94%
American Can . , | 67%| 668/ 66%/| 66%
Am| Car Fdry. . [136%[136 |136 /136
Am| Cotton Oil . 68% | 58% | 68%] 59
Am. Locomotive . [114%|113%113%|113%
American Smelting | 76%| 763%| 75%| 75%
9m. Steel Fdl‘{l. .| 43%; 43%4| 43%| 43%
Am. Sugar Rfg. . [1397% 139%[1397%[139%
Am. Tel. & Tel. . . | 99%| 98%/| 89%| 91%
American Woolen [l3B 135 |135 |137%
American Linseed | 81%/| 81| 8134 80&
Atl. G. &W. 1.-. . [lB6 [182% 184% l§o
Am, Hide & Leath. | 365%| 36%| 363% | 36%4
do. pfd... . . |133%{133 [133 1133%
American Tobacco |3077%|3071%|30714|306
Am. Sum, Tobacco [1107% 1097%]1103]110 .
Atmerionn Joe v o .ol ana] 3%
Am, Writing Paper |67 67 67 66
Am, Int. Corp., . .]103%]103%]1033|102%
Alloy Steel.. . 52 652 52 61
Anaconda . ..o« | 70%] 70 703%] 70
Atchllog.. e s 00l 92%] 93K M'}fi 91%
Atlanti¢c Coast Line |.....|.....|....5] 92
Ajax Rubber . . | 96%/| 963%| 968%] 96
Baldwin Locomot. |1453%|143%]144 |144%
Baltimore & Ohio | 41%| 41%| 417%] 41
Bosch Mag. . . ..|126%[123 ]123 }.....
Boq‘h Fisheries . |.....|.....[..... 17
Beth, Btesk pfd. ~ |..uiv]o.soli .oo JATER
do. “B" . . .[108%}1073%[108%[107%
Brook. Rap. Trans. |.....}.....].....] 20%
Butte Superior - . |..... ;... 0000 ] 26%
Butte Cop. & Zine |..... .v...].....] 14
Cal. Petroleum . 528 61%| 51%| 652%
Canadian Pacific . [152 [152 [152 |161%
Ches. & Ohfo.. . |...oo]ieuecfiavns 59‘&[
Chicago & Northw. |.....J.....{.....] 92%
Col. Fuel & Iron J..... 0.. 50 46%!
Chi., Mil. & St. P, |46 45| 46 4%
do. pfd. . . . | 67%]| 67%| 67% e i
Chino Copper . . 4% 44%| 447%] 44%
Consolidated Gas . |.....].....].....] 9%
Corn Products. . .}..... ... .]..5..1 80%
Crucible Steel . . [244 [241 [241% 24075
Onl, PO . & o Briiiosia) LR
Cuban Cnn; Sugar .| 41%]| 41 41% é:l”‘
an. Pla .. o LeehiFile s i
Cast Iron Pipe . 31%| 31%| 3134| 32
Central Leather . .[106%|105%!10614|105%
Chile Copper . . | 24%| 24%| 24%4] 23%
Chandler Motor . |[367 |360 |367 |367
Columbia Gas . ~ .| 69 69 69 6814
Corre-de-Pasce . .| 61 60%] 603 60%
Continental Can . 1.....0e. 4] ..::] 98
Continental Candy | 11%/| 11%] 113%/| 11%
Erlod. 9 t N 1614 | 16%]| 16% ;?é
0 IBE o e frs s afegaiiTisees 26
Fisk Rubber.. . . | 63%| 52%) 63%] 53
Proeport T OB . Jiiaodiin}ai- ABB
Gen. Cigar Stores . | 87%/[ 87% | 87% 85
General Electric . J 174 (173 [173 [173%
General Motors, . . [303 [287 [30214]297
Goodrich Rubber . | 86%| 85% 86%! 85
Great North. pfd. .J.....Jce.c.f...u.] 86
Great North. Ore .| 463 46| 463 46
Great Wefs‘;ern o o|lo 10 10 ;g%
do, PEAL v v s Livsidicave]iiat
Gulf States ‘Steel .| 69 67 69 | 65%
Greene-Cananea . |.....}.....0ie.. ] 42% |
linels Central . il evl sl 98 l
Inspiration Copper | 62%| 621%/| 6214 62
Interboro.. . .+ . b Sv,l 6%| 5%
Ind. Alcohol . . .|]lsl |145 [l5O 1145
Int. Nickel.. . . 283 | 2814 28341 27%
Int. Harvester . . |145 |I4F% ‘145 147
International Paper | 65%| 64% 64MJ 64%
Keystone Tirg . . | TO%! 6034] 68%! 67%
Kelly Spring. Tire [1637%[152 [1563%{151%
Knnsas\gity Hooth, LO, I; 1915
Kelsey Wheel . . . [lO9 [IOB [IOB [lO6
Kansas & Texas ..‘ 14 13%! 13%]| 14
Kennecott . . . .| 36%] 36% 38%’ 38
' Lsckaw;\t]m;]& Steel 86| 86 ’B6 P;:g
{ Lehigh Valley .. . J.v.o fescii]evcns ,
{ Lorillard _Tobacco J ~...125{%_
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 prap
er data can be compiled.
Business Active
& A
Despite Unrest,
Says R. G. Dun
NEW YORK, Oct. 11.—Dun’'s Review
says: ‘“Action toward the resteration of
thore stablq industrial conditions through
the efforts of Interests now in conference
at Washington had come at a time when
business 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
forelgn commerce 18 becoming more clear
ly perceptible. The result is not alone
geen in the idleness of many thousands
of men intimately involved in the troubles,
but alsec 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 most sec
tions, and there Is much of the spirit of
confidence manifest.” ‘
iey Wi
AMERICAN SUMATRA DIVIDEND.
NEW YORK, Oct. 11.—The American
Sumatra Company has declared the reg
ular quarterly dividend of zu; 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 cot
ton belt. The Northern buyers and mills
naturally suppose a late crop will be re
flected by low, early ginnings and heavy,
late harvesting. The very opposite s the
case this year, because, wn}lo the plant
itself is late, only early bolls have sur
vived weather and weevil, and these will
be gathered long before the crop is ununll{
in. It would not be a very great stretc
of the truth to say that the first and
second picking now constitute the whole
crop in the weevil section, and that the
average harvest date must be moved: up
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 ned by Sep
tember 26. Percenta%e in fother years gin
ned to September 26 was: 1918, 29 per
cent; 1917, 30 per cent; 1915, 36 per cent.
These figures are from the official bulletin
Service.
of the census bureau. .
Z. R. PETTET.
| | Last [Prev.
STOCKS— - |High| Low.|Sale.| Cl'se.
Ea® IRO N b ddeom ity ssxol AW
Louisville & Nash. |.....Jv..c ... .|lO9
Maxwell Motors . . [ 51%/| 48 |6l | 47%
do. 188 pfd. . li.ivofeitoifecra) T 9
o, And bed oG s u&}
Mo. Pacific (new) | 20% [ 20%/[ 29%| 29 J
Mexican Petroleum [253% zu:z 261 |248%
Marine.. . . . . | 62%/| 6114| 61% Ma\
do. pfd. . . . |120%[120%5/120%]120%
Minn. & Bt. Louis .} ... oo} coon] 18
Miami Copper . . .| 27%/| 27% 27& 273
Midvale Steel . . .| 63%) 53%| 63 5314
National Gohdult .| ....| ...} vss:] 16
National Enamel .| 845 8414 84% 843
N. Y. Central . . .| 76%| 74%] 76%/| T 4%
NS, N R AR.J 0] 28
National Lead . . .| 87%| 86%| 8614/ 85
N.& W, . .....102%102 102 (102
Northern Pacific. .| 88 88 88 -3122
Nev. Con. Copper .| 18 18 18 17
BN, APHERRE . b oGI v el
OKIs, Pre, & BRy.. ) ivinlivis] sive] 1088
Ohio OCities Gas. .| 663| 56 56 56
Pitta,-W. Va. Coal] ...) s.o:] 2000 f 34
Pond CL Ov v o lGa 26% | 26% 27&
Pennsylvania , ~ .| 43 4314 43%| 43
Pierce-Arrow . , .| 77 71 71 6914
People's Gas, .., .| 47 461 47 45%
Poßteel Car . oA v vaiviea e 1000
Pittsburg Coal , .| 65 65 66 64
Pullman Co. . . .[120%|120%(120%| ....
Pan-Am. Pete . . .[12505|124%(1256%[124
Peore Marquette . .J ... s e 182
Plerce Oit , . . .| 22% 22%[ 22%| 22
Ray Consolidated .| ....| ....["...| 23%
RORUIBE: i ¥y v WY asid a 8
R. I. & Steel . . .[1033%(102 [lO2 [lOl%
Rock Island . . .| 28%/| 28%| 28%| 28%
b de et &Gbi) s s TE
o, pesl> BY% o 1 ciak vl i RNk
Ry. Steel Springs .[101%[10115/101%% 10122
IRoyal Dutch (new)|lo4% 104%1104% 104
Stromberg Carb.. .[109%[1056% 106%|106
Sears-Roebuck. . .|2183 (213 (213 ¥ vha
Sloss-Sheffield . .| 68 68 68 68 8%
Southern Paeific .|11031109%[109%{110%
Southern Railway .[ 263| 263%/ 263 | 264
do, pref. . ~ .| 631%] 63%| 63%| 633
Btudeßalkar s ¢ o« of sosubirsiad oo 188
8L L. B BOW iGI e i LR
Sinclair Oil . . « .| 618]| 61%]| 61%| 60
Stutz Motors . . .|143 ]l4l |143 140
BRI ek s e 9&
aO, prat iy A i et ik e
Superior_ Steel. . .| 48 48 48 48
Saxon Motors . . .| 25%]| 23 26| 22
Tob. Products, , .[lO7 |103%/107% 10322
Tenn., Copper . . .l ;.. , 13
Texus O .. ~ , +[2oo 28922 2893 (289 o
Texas Pacific . . .] 66%| 65 66 56
Thited Thult. . , Lio.al caril soxilßOß .
Union Pacific . .[126 [12614(125%[124%
1. Food Products .| 86%] 86 8615| 87
U: 8. Rubber , . .Jl2B [126% 126% 126 %
U. 8 Bteel . . . .[ll2 111%(1118%111%
00, pref. o, . o .. ...“,...llufi
U. Retail Stores. .[117%[117%[1175]117
Utah Co&)m’r L. .| BE%| 84%| 85| 84%
Va.-C. Chemical. .| 82 82 |B2 83
WEbRMA . i v s sk sdenkusio]i vis o] 2008
Mel & LY S NS
| Westernn Maryland.] ....] ....] ....] 123
lWéatern TN, o ol el oo TR . ANEY
Willgs-Overland . .| 37 35 | 36% | 34%
Westinghouse .. .| 57 66%! 67 56 1%
White Motors . . .] 70%/| 6614] 69%| 6534
Wilson Packing Co.| 87 86%| 865 |BS
BONDS,
e sk
U. 8. Lib. 3%5.]100.12/100.12/100,12({100.12
Qi IBt Yooel s 25.20
do. 24 4s . .| 94.16] 94.16| 94.16] 94.14
B 0 38 SUR i aicl inrnsl cr ol BEAR
do, Ist 4%s .| 94.26 M.zol 94.26] 94.20
do. 24 4%s .| 96.84| 95.84, 05.84| 95.80
do. 4th 4%-. 94,22] 94.22]'94.22| 94.20
, aO, Bth - ANS. 1 <sl ook vl 99.84
do. Bth 3%5.| 99.82| 99.82| 90.82{ 99.82
|
| Cotton Supply
' Not Equal to
’ -
‘| Requirements '
|
| i
1 (From Wall Street Journal.).
& 8o 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 economic conditions in Europe
are counted upon as offsets that will pre
yent a cotten famine. Labor. political and
financial conditions may have a great in
fluence upor the world's consumption of
cotton, ‘but it is certain that the supply
will not equal a normal demand,
Should the official estimate be realized,
this crop will make the total production
51,963,000 bales in the past five years. In
the preceding five years the productign
aggregated 71,296,000 bales, which approxi
mated the world's consumption of Ameri
can cotton. It is not certain, however, that
the forecast will be realized. The condi
tion of the plant from May until now Is
against this hope. Stalx and foliage have
been raised instead of holls. It Is in great
danger of killing frosts at the normal date.
The ginning reports show but 1,854,170
bales ginned to ' September 25, at which
date, 29 per cent of the crop is usually
ginned. Unless killing frosts are three
weeks later than usual, constderable cot
ton will be lost.
The world surplus of American cotton
looks larger on papeér than It really Is.
It was 6,125,000 bales of lint and 699,000
of linters, or about 50 per eent more than
usual., Must of this must have been low
grade. Bince the war began the prinecipal
markets for low grade cotton were closed,
while those that could trade with us were
mostly users of the better kinds. Last
winter Japanese Interests made large
purchases here, sorted over the goolls, and
put the Jlow grade stuff back on the
market. The government's specifications
for army cloth called for white cotton only.
The 1918 crop was not high grade. Form
erly, twenty-one. grades of cotton were
tenderable, but In January of this year
Congress elimintted the lower ones, thus
ralsing the standard of tenderable cotton.
It is, therefore, a violent presumption
that much of the surplus of cotton is low
grade stuff which, llke linters, helps make
an impressive showing on paper, but no
where else. One need but follow th
growth condition of the present crop sn’
the weather reports to see that less than
the usual amount of the basic grade will
be produced this year. Therefore, the
amount of tenderable cotton will be small.
Whether a full resumption of Industry
within the year is possible is open to argu
ment. But if it showd come so as to
create a nomal demand for cotton the sup
plwuld not be equal to the reqtire
” 1
NEW YORK, Oct. 11.—There was
anot{xer display of strength at the
opening of the stock market today,
wlth pracically the entire list mak
ing advances of from fractions to five
points. /
‘The moor stocks were most acive,
Pierce A&row advancing over four
p_olms o 4 new high record of 74 3-8.
Kelly Springfield rose over one point
o above 153; Stutz Motors, 1 1-4 to
141 1-2; General Motors, 1 3-8 to 208
78, 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 B-8; Pressed Steel Car
over one point to 101 3-4, and Repub
lic Iron and Steel 1 34 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 to
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 upward movement, jumping 5
points to 109 1-2. |
Industrial Alcohol became active
'and 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 Plerce-Arrcw and Studebaker, the
former closing at 75 3-4 and the lat
ter at 134. General:Motors advanoed‘
5 points to a closing of 302 1-2, while
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.
i ———————————————
| NEW YORK CURB STOCKS.
The market opened firm and closed
steady.
Opening. Closing.
Aetna Explo, .. 10%@ 10:2 10 g 10%
Anglo-Am, - Ofl, 268 27 26% 28
Barnett Oil . ;:o 3-16 1% @3-16
Consol. Copper. 6% 6% 6% 614
Cosden Oil. . . 11% 11% 11% I¥%
Curtiss_ Aero. . 12 17 12 17
Houston OQil . .150 gm 151 81"
Indiana Pipe .100 102 100 102
Inter Pete . . 35 35% 35 36%
L. Valley Coal 88 91 88 91 \
gasmui. vdg 43 4:“ 4: |
areont . . » ‘
Merritt Off ... 242: un 26 % 27’{“
Midwest Oil . . 1% 2 1% B
%deeat ;lr-lf. .172*@172 173 176
N. m, uip o 8 4
Ohio O. ', .3%0 316‘ 370% 37?“
Prairie Oil . .736 746 736 746
Bub, Boat .. . 16% 17% 18 % 19
8 0N X. ; 29 430 427 430
5 O N.J . I 8 730 727 730
80 Csl . . 300 D 305 300 306
8 O Ind . 015 @ik 776 786
Union Tank . .130 @133 130 133
Vietoria Oil . . l%g 2 1% 2
W.-Martin, ~ 3 ;& 38 g
Cons, Ariz.. .1 1-16@1 3-16 1 1-16@1 3-16
Nipissing. . . . 11 @~ll% 11 11y
B. & Wyo, Oil. 76 871 % ki
Glen Rock Oil.. 4% 4% 454 4%
I. O, & Trans.. 8 8% 8 8%
Northwest Oil . 52 55 52 56
U. 8 Stship . . T% % 1% %
Sapulpa . . . . T% 78 %@ 7%
Coca-Cola , . . 39% 39% 39% 39%
Car Light ... 3& 3 3 3%
Boone Oil .. . 7 !& Gzz ™
Blagos i . . . 28 29 28 @ 29 .
ittt
NEW YORK BANK STATEMENT.
NEW YORK, Oect. 11.~Bank statement:
Average: Loans increased $67,004,000;
demand deposits increase $7,089,000; time
deposits in-reased $6,062,000; reserve in
creased $7,124,220.
Actual: Loans increased $41,186,000; de
mand deposits decreased $15,663,000; time
deposits ‘fia-ud $5,474,000; reserve de
creased, $2,540,590.
ettt
THOMSON-McKINNNON ON STOCKS.
NEW YORK, Oct. 11~Municipal bond
dealers report a large investment demand.
The bond buyer draws a comparison with
the number and amount of issues brou.ht‘
out 'in September this year as against a
year ago. This demand is reflected in thn‘
security market, all of which indicates
money seeking employment in an invest- |
ment way. If an analysis of yesterday's
market is of any value, this demnnd‘
!hows more discrimination in that securi
fies heretofore neglected are sought, as
fnvestments. There i 8 a tendency to ge
lect groups rather than the individual
stocks; for instanc, in the industrial
' groups, steels, copers, motors, olls, equip
ments, etc., are well defined as Eroups.
Sudden interest in one stock of a group
is immediately reflected in the balance of
; that particular industry. Coppers have been
‘neglm‘!ed, but signs indicate a revival of
interest | nthis group. A comparison of |
present prices in the high priced indus
triale with those which prevailed when
the Steel strike was Inaugurated an Sep
tember 22, is a good {llustration of ra
pidity of advance in such issues. Because
of this it is not surprising that the pub
lic generally is turning its attention to
other securities. ‘Phere i 8 nothing espe
einlly 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
boat tie-up; this without warning to a
tong suffering pul le.
The labor confe"~nce at Washington
scems to have reached a deadlock, but it
{s hoped when they convene on Tuesday
next it will be found that the various com
mittees will be able to, report some prog
ress made during the recess. \
The market is big enough and broad
enough to sult the most arden bull. Some
yrregularity would not ne surprising to- !
day, because of pending holiday.—B. H.
Ettelson. -
——————
JACKSONVILLE LIVE STOCK.
Hogs. Receipts, light; prospects, 1.50
lower; choice heavy, 12,00@12.56; good
heavy, 11.50@12.00; rough heavy, 11.00@
0 11.50; lights 10.00@11.50; heavy Dlgs,
$.60@9.50; light pigs, 7.509.00; range
hogs, 700?8,00; renge pigs, 4.00@5.00. ‘
Cattle: Receipts, light; prospects steady;
steers, 5.00@9.00; bulls, 450?(,00; yOnar
lings, 4.5096.00; cows, 6.00@6.50; heifers,
5.00@6.60; veal calves, 9.90012.50; can
ners, 3.00 up.—Williamson' and Dennis,
October 10.
e e —
FINANCIAL NEWS,
Bradstreet says labor unrost and inef
ficiency are apparently the only clouds on
the commercial horizon now that living
cost agitation has waned, and prices seem
to have reached an egullibrium.
.y
Germany will issue new 6§ per cent pra
mium loan to Amgun.t o.r 5,000,000 marks.
J. P. Morgan & Co. makes weekly offer«
ing of 90-dny British treasury bills to bear
¢ per cent yer annum compared with 6%
per cent fcr the Jma.t l:vernl months,
Bradstreet reports 104 failures In the
United States this week, against 86 last
week, and 166 lu'; ygar,
Accumulation of the common stock of
{nternational Paper |8 reported to have
been taking place recently for pool in
terosts sald to represent Insiders who are
much encouraged over the enormous de
mand for paper and the prospect that it
will continue with hiph prices. The huge
advertising program going on throughout
the country to evade excess profits taxes
_has resulted in expanding extensively the
‘pages of almost every newspaper in the
country with resultant big demand on the
paper companies. The floating supply of
International Paper appears to be re
| duced. to small proportions.
MANY DIVIDENDS BEING
HELD BACK BY TAX LAW
By BROADAN WALL,
NEW YORK, Oct. 11.—An uproarously bull market wag Wall street's
response yesterday to the announcement that union labor was surrendere
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 aceount
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 regson for thé 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 sreat expecta
tions. It is none the less a substan
tial market, for the very best kind of
investment buying is in progress,
In the afternoon there wus the 's
ual profit-taking and ilt was particu
larly heavy today because of the holi
day next Moanday. Rut in spite of
the profit-taking the market showed
material net gaing, for gross advances
were very large in many cases.
Mexican Petrolenm crossed 250,
thereby establishing another nevs high
Weekly Fruit and Vegetable Review
‘ Following i the weekly market review.
iof fruits and vegetables. (Prices to jon
‘bers and shipments for the United Statea
for the period of September 30 to October
6, inclusive):
‘ Onions and potatoes little change, with
slightly downward trend. Cubbage and
apples unsettled, sweet potatoes advance
ing. BShipments continue to increase, 19,-
503 cars as compared with 18,949 last
}wo.k and 18,262 a year ago.
POTATOES LITTLE CHANGE,
Shipping points were generally steady.
Jobbing markets experienced a slight 3«:-
cline the middle of the week, with¥ a
partial recovery Monday. Maine Green
Mountains, bulk per cwt., weakened from
last week's range of around §2 f. o. b.
il‘rnquo Isle to :1.83, adyancing 10¢ in
New York to $2,60 and declining 16¢ in
HPoston to 1!.11%tfl. advancing in Colum
bus to $3.35. ew Jersey Giants held
‘About steady in the East at about 82.35? w
3,65, but declined to $2 in Detroit, with
‘a partial recovery to $2.15. Minnesota
iEarly Ohios held steady at $2.50@2.60
‘sacked per cwt. £ % B shlpgiu‘ point.
Carlot sales in Chicago were 30c higher,
\clonlnl at $2.75@2.90 and steady in the
other markets, with an upward tendency
at around $3. Minnesota Red River Ohios
‘ldvnncod slightly at Moorhead to $3.55@
2.60, with a deciine to a cloding range of
82.10?!.50 in Bt. Louls, u,ooga.xs n Ciu
cinnati and $3.00@325 in maha, with
carlot sales in Kansas City steady at $2.85.
Minnesota Round Whites declined to a
closing range of $2.26@2.30 sacked per
owt. Minneapolis, declining in most mar«
kets with only a partial recovery Monday,
closing In Bt. Louls at $2.26@2.50 and
other jobbing markets $2.65@2.85, except
Cleveland, which reached §3.00 and with
carlot sales In Chicago 15c under last
week $2.26@2.35, Colorado stock held
steady at all lhipmng oints, Brown Beaua
ties closing at $l.B d’uo and Russets
$2.00 sacked per cwt. wagonloads cash to
irowers at Monte Vista and Downings and
arly Ohlos $1.80@1.95 at Greeley and
$1.76 for white varieties at Grand June
tion. Colorado and Idaho white varietics
“held steady in most markets at last week’'s
‘range between $2.75@3.25, but declined In
St, Louls to $2.40 ngd selling at _last
week's prices $2.60@2.75 in Denver, Tdahn
Rurals were a little lower, closing at $2.65 ‘
@2.76 in Chicago and only $2.00@2.45 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@2.26 sacked per cwt f. o. b
‘Waupaca and u.uqz.u Grand Rapids,
and closed at $2.65@2.75 in principal con
suming centers, reaching §3 In Cleveland
and earlot prices of $2.26@2.35 in Chi
cngo. New York Round Whites closed ‘at
$2 20@2.50 in important Eastern markets.
Nehraska Barly Ohtos field run sacked per
ewt, brought ;uswz.oo wagonloads cash
to growers at Alliance, $2.60 in Kansas
City, $2.75 in Omaha and declined to $2.00
muo at St. Louls. Shipments continue
to Increase slightly, 6,248 as compared
‘wnh 5,821 cars last week and 6,192 a year
ago. Minnesota continued to lead with
1,489 cars. W!Tom\n shipped 1,104 cars
as compared with 882 last week, Maine
§4l, Colorado 639, North Dakota 593 and
New Jersey 302. i
CABBAGE PRICES ERRATIC.
Wisconsing and Minnesota Holland Seed
advanced to $26.00@27.00 bulk per ton
f. 0. h. shipping point, but closed at closs
to last week's range 321.00%“.00. declin
ing in Cincinnati to $35.00@40.00 and in
Chiengo to $23.00@26.00, holding steady ot
$30.00@35 00 in St. Louis and brtngllnx
$40.00@ 45.00 steadily in Indianapolis. Now
York Domestica heid unchanged between
$18.00@26.00 per ton f. o. b, Rochester
and up to $30.00@35.00 in the East, Dan
jsh seed bringing $28.00@30.00 f. o. b,
Rochester. Long Island barrels weakened
in New York to $1.50@1.75. Colorado |
stock held steady at 80c bulk per cwt
wagonionds cash t ogrowers at Greeley,
advancing in the Central West and de- |
elining in Southern markets, colsing at
$2.00 in Kansas City, $3.26 In Omaha,
$2.60 in Memphis and $2.00@2.25 In New
Orleans. Shipments were ahout the samea
as last week, 788 as compared with 763
and ahout two-thirds the shinments of a
year ago, 1,264 cars. Celorado shipments
were 181 as compared with 259 last week,
Wisconsin 271 and New York 142,
ONIONS STEADY.
Tastern sacked yellow stock closed $3 00
@3.50 pe rewt, f. 0. b. Rochester and also
jobbed at the same prices in the principal |
Kastern 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@3.50 macked per cwt. f. o b. Min
neapolis, Middle Western yellow vnrlatlru‘
declined in the East to {3.10@3.50, but
held generally steady in the Central West
st $3.606@3.78, reaching $4 in Kansas City
and Columbus, » California Australian
Browns declined slightly in Pittsburg to
$3.65@3.85, held steady In Chirago At
$3.76 and in Baltimore at $3.765@4.00,
reaching $4.00@4.50 in Southern markets,
California yellaw varieties declined rlight.
ly to $3.66@3.85 sacked per ewt. in Pitts
hurg and to $4.00 in Omaha, holding
steady at $4.50 in Fort Worth. Shipments
Protect Your Valuables
In One of Our
SAFE DEPOSIT BOXES
Continental Trust Company
Hurt Bldg.
et e O A O 0 T B S D
WHEN YOU THINK OF
PAINT, THINK OF
COOLEDGE!
“Best for the Southern. Climate”
COOLEDGE PAINT & GLASS CoO,,
12 N. Forsyth St. On the bridge.
SECURITIES SALES (OMPANY
wrone DWVESTMENT SEOMTIES, . mroos
e e
record. The st)ck is-now in the class
with which ordinary traders can not
interfere,
Threats -of a coal strike helped ail
the oils. Motors very naturally sym
pathized with thz oil stocks, in whose
prosperity thev are an important fac
tor, Chandler was the reco.:- breai
er of the day, going up 35 paints to
a new record and closing there.
Tobacco stocks attracted respeociful
attention all day. The strest is be
ginning to realize vague'y th:t some
thing big is going on in tobacco, The
tobacco stocks, hy virtus of wfia-t is
now being done, will be lifted from
the speculative department of the
market and put in a c¢lass of nigh'y
conservative invesimenis.
decreased to 615 cars as compared with
920 last week and 1,282 a year ago. Of
these California shipped 19% cars. 2
APPLES STEADY,
New York Rhode Island Greenings, A
2%, continued to bring $6.00@6.50 per bar
rel f. o. b, Rochester, but closed at $6.75
Monday, advancing to $7.00@7.50 in New
York and holding steady in, Chicage at
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 1 0. b, Martinsburg and $7.00@7.35
in Cincinnati and Baltimore, $7.50@8.25 in
Southern markets, with inferior stoclk
bringing $5.00@%6.50 in the other leading
Bastern matkets. Pennsylvania and Vir
ginla Grimes, A-2%, declined to $7.50 in
Philadélphia, advanced to $8.50 in Balti
more and held steady in Atlanta at $9.00
@9.50, West Virginia Ben Davis held
steady at $5.00@5.25 f. o. b. Martinshurg.
Colorado extra fancy boxed Jonathans
held steady at $2.26 f, o. b. Grand June
tion, with range of $2.26@2.50 wagonloads
cash to growers bulk per cwt. at outside
points. Northwestern extra fancy boxed
Jonathans closed at $2.40@2.50 f. o. b.
Spokane and declined in the important
jobbing markets, averaging $3.26@3 50 In
leading Middle Western markets,. declin».f
ing to $3.00 in Detroit and closing at $4.00
on a dull market in New York. Extra
fancy Wlnear*m brought $2.50@3.00 f, o. b,
Spokane. California Belleflowers jobbed
$260@2.76 in most Important Ml%dlt
Western markets and reached $2.75@3.00
to retailers in Fort Worth. Shipments
continue to increase rapidly, barreled ap
ples 3,244 cars as compared with 2,379
last week and 3,124 a year ago and boxed
apples 2,402 cars as compared with enly
1,581 plast week wd 1,929 a year ago,
Washington shipn a large part of ;x
hoxed apples, 1,379 cars, Virginia shipped
490 cars of barreled apples, New York
406, and Illinois 367, Ty
—
B
Financial Sunshine |
inan uns, i
AT the next meeting of the |
board of directors of the |
American Hide and Leather j‘i
Company, of which Lindsey Hop- =
kins of Atlanta is a director, on |
October 28 a tentative plan will |
likely be anndunced for provid- | i
ing for the 111 per cent accumu- |
lated arrears on the preferred |
stock. Inone quarter is issaid | 3
that a new issue of preferred |
stock would be proposed for the |
holders of Hide and Leather pre- j
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. v
e[ T ST B, '
» FIFEILDE 4 N B
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Be wsure to insist
on Flalco Hyloplate |
Blackboard. The vel- 1
vet writing surface
is most economical in i
the use of crayon and {
S\ 18 erased completely S
\ with a minimum of
Rl effort and ermser
[} wear.
Fialco Hyloplate
never sweats, never
gets greasy. It is
sanitary. It has a uniform dead jét
BLACK or a live GREEN elastio
writing surface that s not nolsy
when written upon and that does
not chip, erack or ‘‘spider check.”
It 1s guararteed.
Flaleo Hyloplate s easlly install
ed by anyone who can ‘use a saw
and hammer, on ahy sort of a wall;
even on bare studding, Write us
for sample
and
prices,
AN e e
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