Newspaper Page Text
C(/)tton Reacts After Early Rise, Due to~ Private Crop Estimate of 10,900,000 Bales, Coal and 'Political Situation
#2c] THE GEORGIAN'S PAGE FINANCIAL NEWS| liciag
l IMPORTANT GOY'T REPORTS l
Atlahta bank clearings Thursday .................$13,153,038.19
Same dAY Jokb FORY ... .. viiicesiaasmvasaesvs SHUNEANEOO
THOIMMD .. il e i el SRR
Same day lasb Week ..,.c.ccoo-cccesrnrrassaninns Holiday
B daY IMIT .. ... i i G ceveasasvesnsay. DOSLITIEED
. e &
Atlanta spot cotton Thursday: .-cvievcncensirnncasss..so.ooo
Same day Jast week ............... ............... Holiday
TTRO U S eS R
BRI GO LOLT . ... cihioiiiiiemriginnnipsenisecs s TINNO
. & 9
Atlanta cotton statement Thursday:
' 1919. Last Week. 1918. 1917
Receipts .......... 5,203 Yy 1471 2.033
S};?Jmnts e e : 1,359 2,384
Stbcks ............45,824 23,254 46,053
*Holdiay.
"8 o '
By VICTOR BARRON,
Influenced by strong Yiverpool cables, extremely bullish spot news,
larger exports and had weather in the western belt, the cotton marßet dis
played further strength at the start Thursday, with initial prices at New
Y York unchanged to 20 points higher. Trade houses and
e liverpool were the leading buyers on the opening. After
Pt *»r%, ¢ the call the list rallied to a net gain of 25 to 43 points,
PPT ss T with January rising to $7.15 and March 34.97. The dis-
B o b}g count July is seélling under January was increased to 530
p e During the late foremoen the market turpmed easier
e W 8 ynder resumption of active realizing and further short
e S WUy selling as the result of the rumor that the National Gin
.Jg . @ mers’ Association estimated the crop at 10,800,000 bales,
:,;“«w* or 200,000 bales more than last year. The entire early
CiE ‘ B advance was wiped out, with December reacting 40
Pl TR B points from the high to 39.10. January dipped to 36.70,
RE ." g 8 while March fell to 84,48, May 32.60, July 3150 and
October to 28.75, .
"§;‘::;_.;, R Just befere the noon hour another upward movement
‘WW was in progresg, due to the strength of the security mar-
T | ket, less pressure and a report that the Southern Prod-
Ry MR ¢ ucts Company of Dallas, Texas, estimates the crop at
M 10,448,000 bales exclusive of linters. Ring professionals
were against the market, and those bullishly inclined were disposed to await
the census ginning report, to be issued Monday, giving ginnings up to De
cember 1. The trade also was disposed to await the government crop esti
mate, which will be issued next Thursday.
"
FRUITS, VEGETABLES,
POULTRY AND BEEF
Wholesale quotations te retailers follow:
FRUITS AND VEGETABLES,
{Corrected by Fidelity Fruit and Preducs
\ Company.)
A Vegetables.
Canadian turnips, per p0und......§ .03Y%
Cal. lima beans, new crop, per in.., AT
Black-eyed peas, new crop, per is., .08 .
Celery, per orn., Ces ibye vy " Y
Well peppers, per crate........eees 3500
Onions, white, per pound ........ .06%
Irish potatoes, 160 pounds ........ &.78
Cabbage, per pound ~.....ceeeees 0
Sweet potatoes, per p0und........ 023
GWnb«rflu sirisctansenrisdesves NN
Fruits. .
Oranges, per box, Florida ....$4.00@4.50
Grapefruit, per BoX, --.....+.+.353.50@4.,00
TRO POE DO <ieosvisiininasnny 00
Apples, fancy, owing to variety, box,
300 BRA .. ivaivsesseasitiThens BN
Apples, fancy, owing to variety, bay
rel, SB.OO amd .. cscvinssvivintanys 1500
Hananas, per pound@ ..., viinesas .0]&
Oalifornia Emperior grapes, per l(o:. .
Peanuts, fancy, hand-picked, per Ib. 14
California walnuts, Ne. 1, per 1b,.., .38
Qocoanuts, 100 9iZe ....csoeqevseranse 300
POULTRY, Bv’rrgks?aos. FISH. O¥S.
(Corvected by Bell Bros.)
Butter.
Fresh country, per pound ....sveceo.B 40
4 Eggs,
Fresh country, candled, dozen ...... .50
Storage, per doseß . ..,...cecoooooo .50
Live Poultry.
Turkey, per -poun@ ......Iccaoooeos 31
Turkey, dressed, per pound ........ 38
Hens and stags, per peund ........21@23%
Friers, per pound ..cvopevnscscrony .36
Joasters, pEr Pound ... M .evessvi .16
Puddle ducks, per pound ~c.oecese .28
Geesa, Per QUNA ... ..iqcooecances 20
GUineas, €ath ......c.o.onrversnnnee o 8
Opossams and Rabbits.
RADBIL, 000 N «s:coscirsasssiongrane “
Live, per pound ..... ieccnsrvecnne o
Opossum, per pound ..........ssoea 18
Oysters,
Select, F BRI i caiissrreninissve BB NE
Stews, ;‘:’:r :;llon iresvyyeceqeegpese :.JI
Fish.
Tompanoes, per pound .i.......... .20
Mackerel, per pound ....ecreeceeen .20
TTOUL, PP POUBA .issrcninesnnnnse _ 80
MUt /per BAPEOL «ovgrervieonanny 5990
Bottony fish, per barrel ..,,..soosq. 18,00
Snapp (none on market).
Groupeß (none on market).
DRESSED BEEF,
(Corrected by Swift and Company.)
No. 1. No. 4, Ne 3.
Ribs, pound ..occeveees .30 .27 .go
Toinn, POURS i ovscnncis 88 .ig 3
Rounds, pound ........ .27 ¢ A 8
Chucks, peund ......... .14 .12 08
Plates, pound ...c.voevo 18 WlO S
ALL GARAGE
And .
' REPAIR MEN
ARE INVITED
Wyvery garage and repair
man in Atlanta is invited
to be my guest at a dance
which I will give them next
I'riday evening at Raber’s
Merry Garden, 52 Houston
street. There will be ex
cellent musie and a good
time. !
¢
Walter N. Yates
Prep. .
SERVICE RADIATOR
} WORKS
54 HOUSTON ST.
Another byllish crop estimate was
issued during the afternoen, that of
Clement, Curtis and Company of
| Chicago—lo,34o,ooo bales. This, to
gether with the vlgorous rise in se
curities and bullish spet news. re
s=ulted in the markost developing fresh
rallying power, following the estab
lishment of new lows for the day
shortly after noon. Most active op
tions rallied about 80 points from
the bottom levels, January, New
York, rising from 36.60 to 36.94. Final
prices were 35 peints lowrsr. 22 points
ligher,
Atlanta spot coiton was officially
guciud unehn;t::lcl! at 40.50 ocents,
asig good m e
The market h':fd comparatively
steady, in view of the continned ur
favorable coal news and political sit
uation here and abroad.
The weather map indicated unset
tled econditions over the belt, with
freezing temperatures in many sec
tions. |
The census ginnings report will
compare with 7,577,826 bales ginned
prior to November 14 last and 9,5671,-
414 bales ginned to December 1, 1918,
9,713,529 bales tp December 1, 1917,
10,352,081 to the same dJdate in 1916,
and 9,703,612 to the same date in 1915,
It is believed that this report will
further disclose the smallness of the
vield and that ginnings returns from
then on will show up light, owing to
the rapid picking and ginning of the
crop during the last two months.
The government's crop estimate
will compare with 11,700,000 bales a
yvear ago, when the yicld totaled
12,040,060 bales, exclusive of linters
—BOO pound gross weight bales. The
estimate two years ago was 10,949,000
and 11,511,000 in 1916. The crop of
lint cotton in 191 7 totaled 11,248,000
bales and in 1916, 11,363,915 bales,
It generally is believed that the
estimate will confirm small crop
{deas. Even should the estimate be
11,600,000, it would be bullish, inas
much as exports this season will
greatly surpass last year's outgo and
domestic consumption heavy, and that
the world is bare of both the raw
material and finished staple. The
world needs every bale of cotton the
United States grows this season. A
high estimate would be offset, to a
considerable degree, by the fact that
the crop will consist of the greatest
number of low grade bales in the last
quarter of a century.
Following is the Southern Products
Company’'s crop estimate by States:
Texas, 2,685,000,
Oklahoma, 531,000,
Arkansas, 838,000,
Louisiana, 274,000,
Georgia, 1,650,000, °
Alabama, 717,000,
Mississippi, 875,000,
North Carolina, 752000,
South Carolina, 1,200,000,
Tennessee, 265,000,
Missouri, 85,000,
Others, 176,000,
Total, 10,448,000,
THE WEATHER.,
WASHINGTON, Dec. 4.—The outlook is
for generally falr weather and rising tem
perature over practically all districts east
of the Mississippl River during the next
thirty-six hours,
Forecast by States,
Georgia—Partly cloudy tonight and
Friday; rising temperature,
North Carolina—Partly etoudy tonight
and Friday; rising temperature.
South Carolina-—Partly cloudy tonight
and Friday; rising temperature in the
interior.
Florida—Fair tonight and ¥riday: rig
ini temperature in extreme nerth portion.
ixtreme Northwest Florida, Alabama
and Mississippi—Partly cloudy tonight
tonight and Friday, rising temperature.
Tennessee—'loudy tonight and Friday,
rising temperature,
Louisiana-—Fair tonight and Friday:
warmer; light easterly winds on north
coast,
JACKSONVILLE LIVE STOCK.
Hogs: Receipts light; prospects steady,
Cheoice heavy, 11.00@11.50; bulk, 11.50;
| rough heavy, 10.00@10.50: lights, 10.00@
{10.50; heavy pigs, 9.00@10.00; light pigs,
9.50@10.00; range hogs, 6.00@9.00; range
pigs, 4.00@6.00.
| Cattle: Reeceipts light; prospects weak.
:H!orr.-, 4.50@8.00; bulls, 4.00@6.90; year
tings, 3.50@5.50; cows, 4.00@6.50; heifers,
4.50@6.50; veal calves, 9.00®12,00; can
ners, 3.00 up.—Willlamson and Dennis,
l December 3,
{ USUAL DIVIDEND.
| NEW YORK, Nec. 4 --.The American
Steel Poundry Compsuy today declared
the quarterly dividend of 70 ecents a
share on the common stock and 1% on
the preferred. i .
COTTON FAILS
T 0 HOLD GAIN
NEW YORK, Dec.-4-~The ectton}
market opehed unenwrd to 29 points
higher on trade and Liverpool buy
ing. At the end of the first fifteen
minutes the market was active at a
net advance of 25 to %3 points, but
later the list reacted about 20 pointg
under realizing. |
The market ldst the entire early
fll\tnen during the late forenoon on
creased realizing and smaller de
mand, due probably to a private crop
estimate of 10,900,000 bales, exclusive
of linters. The ooal situation and
pclitical news also invited pressure.
Strength of the stock market, the
issuance of- several bullish private
crop estimates and reports of strong
spots in the South, resulted in the
market halling sharply from the low
marks during the late trading.
At the close the market was steady,
35 _points lower 1o 22 points higher.
Spot cotton was officially quoted
25 points lower at 391-2,
eg e e e
NEW YORK COTTON.
| L Prev.
—ossrtutlon B |_cioe |St
Dec. 139.25/39.50/39.00/39.00/38.90-10/39.25
Jan. lu.MPi“ 36.60/36.94/36.94-9736.72-74
Mar. [34.80/34.97/34.30/34.60/34.60-65/34.61-66
May ‘82..5[33.07 32.56/32.82/32.78-82{32.75.79
July [31.84/31.95/31.46/31.65(31.60-65/31.55.60
Oct. 129.25129.30(28.75/29.00] ...... |29.00
——— e
—
NEW ORLEANS COTTON.
' fl T FW! Prov.
Open|High|Low sul-‘ Close l Close
Dec. 139.50/38.51/39.80138.20129.30 |39.44
Jan. 137.08/37.38/36.97/37.27|37.23-27|37.08-12
Mar. [35.00130.30/34.70/34.99/34.92-99(34,08.02
May ?.3.16 {!3.35!31.90 33.10/33.07-1533.10-13
July [31.85/32.10/1.65/31.90/31.81-90/31.80-87
Oct. |...01....10...1....120.1121]29.10
Closed steady.
r————————————
LIVERPOOL COTTON,
’ LIVERPOOL, Dec. 4—SBpet cotton:
United States spots opened in good de
mand. Prices firm; sales 10.008 bales.
American middling fair, 30.67; good mid~
215£lgg 2]7.42; figlc{"mlddnnt, 26.48; middling,
.52; low m ng, 23.37; good ordi s
20.92; ordinary, 19492." s i
Futures opened steady.
- | ]12.00 | |Prev.
|Open|P. M. |Cl'se|Cl'se
Decepaber ..........|24.50] ....]25.01/24.62
January ...........|23.92/24.18]24.14/23.96
HORYDATY s covesgnnd 12?4€1 v+ 2193.50123.98 |
MBLOM v\ irnnvevny 22.7.122.86’22.36*22.76
BOEH o ioihaesisees i BOOORE 182.88100 61
TN oo o bohe e g .}21.62!21.70@1.62{21.66
Juße ..ceieeveeenend) i)l 0]21,16)21.23
SUIY caiieiecsvad. {20,800 0. 130.71120.80
AUguUSt .ovqsieveees .120.20f&0.23;20‘11}20.20
HOBLOMDEY cvevoqesss ....1'..,.119.22 19.40
October .............[lß.Bo] ....(18.51|18.70
MU . s bl ....ll!.fill
Closed steady.
’ —
AMERICAN EXCHANGE.
Fellowing were the ruling prices on the
American Cotton and Grain Exchange,.lnc.,
Thursday:
I | ! i |Prev.
eetDR OB HIN N Liow|Close] Olgse
December .....[38.45 89.01‘39.00:39‘50039‘50
January .......[37.02/37.30(36.96/37.10/37.05
Mareh ,i..,..../35.00/35.20/34.76)34.85/34.92
RN - voi s ins .183.30§!3.31!38.75 $3.01/33.10
May ...........|33.30/33.31/32.75/83.01|33.10
Iy oLI 5a51aza213.76131.83/31 80
e et e
SPOTF. COTTON.
Atlanta Commerdcl? Exchange quetes
basis good middling, 40,
. rew Orleans, middling, 40; sales 1,216.
ales.
New York, middling, 39.50,
Liverpool, middling, 27.42 d.
Savannah, middling, 40.
Augusta, middling, 3%
Housten, middling, 41%.
Norfalk, middling, 38%,
Boeston, middlln{, 40%.
Philadelphia, middling, 40.
Charleston, middling, 38%.
Wilmingten, middling, 38%.
Dallas, mlddllnr 41%.
Memphis, middling, 40.
St. Leuls, middling, 40%.
Mobile, middling, 38%.
Montgomery, middling, 383%.
Galveston, middling, 32 .
Little Rock, middling, 40%.
ATLANTA COTTON SEED PRODUCTS,
Description— Price
Crude ofl, basis prime ............$19.25 |
Cotton seed meal cakes ......(notquoted) !
Cotton sced meal, 7 P. € .......vove 73,001
Georgia, common rate points ..,.... 71.00 |
Cotton seed hulls, loose ........covoo. 13.00 |
Cotton seed hulls, sacked ........... 17.00 ]
SAGIRPN, NO, L vounsiliviasisessiiges vosl
TAMNES, Noi 800 ik oaee .oti
s !
COTTON NOTES. I
Liverpool cables were due 11 to 22 points |
Jower. The market opened quiet at a de- |
cline of 4 to an advarce of § points, At}
mid-day the marlet was steady at a net |
advance of 2 to 22 points. Spet eotton ln!
goed demand ati 29 points advance. M&d-l
dling 25.52 d; sales l&OOU: American §,000;
imports 7,000, none American. |
v & s
Hugh McElroy sayvs: ‘Bulls had besome
so discouraged by the frequent attacks to
which they were subjected during the past
month that it is not surprising to find
them eager to sell out when they saw a
profit instead of a loss. There was firofit
taking Wednesday by these who bought on
Monday, both of which account for the
reaction which has rlzwed the market in
a very healthy pesition feor further ad
vanpce. As we have already pointed out
the hoelders of December lonsn intend to
take up notices as tendered and there is no
danger of any weakening in this position.
For the same reason the late months,
which are selling at sueh an enormous dis
‘count, are a safe purchase.' 5
The 'rxmos-Picaxune says: ‘“What may
be properly termed outside influences dom
inated the market Wednesday. These in
clyded the iporeasing seriousness of the
coal situation with the angouncement that
‘bunker coal will be denied foreign vessels
‘after December 8. ‘This action will, it is |
feared, restrict exports temporarily uml,‘
}a]lhough this development would prove
bullish in Liverpeel, it would have the ¢con
trary effect in American markets. The
' other depressing influences were the fur
ther sensational break in foreign exchange,
“mrt;culnrly sterling, the refusal of Ger
‘many to sign the peace protecel and tha[
introduction of a resolution in (‘ongrw‘
calling for the severance of dipiomatic re~
lations with Mexico.
“Agide from these developments legiti
mate market faectors were sustaining, par
ticularly the sPeadiness of Bouthern spot
markets, the unfavorable weather In the
West and continued ‘x(w.(l exports.'
.
Pearsall says: ‘““Thus far this geason Tt
aly has taken 15,000 bales of American
cotton. Her normal requirements before
the war were about 600,000 bales annually,
Italy needs an unusually large amount (.-fl
American cotton this season as her mfllll
are shipping goods to many of her old
markets and to new ones as well, while |
the nom edemand is enormous. Italy i# |
backing large orders for shipments of |
goods to Turkey, South America and China, |
At present Italy is deferring. purchases of
cotton in this country owing to the rates
of exchange.”
1 COTTON MARKET OPINIONS,
~ Maury, Rogers and Auchincless: ‘““We
expect frequent rallies on account of ghort
covering, but look for lower prices evens
tually.”
‘» . %
. Bend, McEnany & Co.: “As general eon
ditions are not favorable te bullish specu
lation the market ig dependent upoen trade
demand for its sustenance’’ |
a 8
8. M. Weld & Co.: "Wa think Wednes. |
day’'s decline is a natural reaction after
the recent advance and are inclined to ,‘d.‘
| vise buylng on the weak spots.’ |
+ ¢ 8
J. W. Jay & Co.: “We anticipate a lows
er market until the situation clears.™
|s s &
' Hubbard Bros. & Co.; “Sentiment is by
no means ag optimistic of higher prices as
rhus been the case during the last few
days."
e ——
EXPANSION CANNOT GO ON
UNDER THE GOLD STANDARD
The National City Bank, in its monthly letter, states that the endle
cycle of wages and prices has come to an end, if the existing standar
23.22 grains of gold to the dollar, is to measure values. The bank says:
“There will be no revival of gold
mining unless mining costs decline,
ro extension of' operations, no ex
ploration or prospecting. Existing
mines which are rich enough to yield
a profit probably will be operated,
but production will continue to di~
minish.
“The same inflyences which are
potent here are felt in all gold pro
ducing districts, In 1918 the rld
production of the world amounted to
§470,000,000 and in 1918 to $380,000,~
000. In some countries, however,
‘mining is done largely with native
labor, for which there is no strong
competitiva demand, and costs have
not risen so much as in the United
States. Mereover, in some impertant
producing districts the producers are
now able to sell their product at a
premium over the coinage rate, as a
result of prevailing premiums on ex
change.
“The British governmert has re
lieved the mining companieg of South
Africa from the cbligation imposed
upon them during the “war of con
signing their Told to the Bank of
England, and allows them to dispose
New York Stock Market
Market closed strong.
Stock sales 1,079,100 shares.
Bond sales, $25,316,000.
| ’Lut Prev.
_smOCKs— ___|sigh Low| Salo Cless
Allis-Chalmers ~.| 43%/| 42 431 |4O
Am. Ship. & Com. .| 29%| 28 29 I 2!“
Am. Agricultural .| 91% :J.ké 91 92
Am. Beet Sugar ..| 94 3% 94 9314
American Can .. . H& 51 517 81
Am. Car E‘drg.. o 1373138 1370|104
Am. Cotton Oi]l ..| 49 30 49 8%
Am. Loco. .. .. . .0& 3 91 93
Am. Smelting .. ..| 63 627%| 63 62%
Am, Steel Found's. .{ 42 419 ]43 31
Am. Sugar Ref. . ,/135%(133%|135%|132
Am. Tel. & Tel. ..| 9984 §9 99| 99
Am. Woolen .. .. .‘l27‘/,.‘125* 127 |l3¢
T TSR SR R e
Atlantic G. &W, 111743173 |174% 111&
Am, Hide & Lea. .| 30 287% | 29%| 30%
do. pfd. .. .. .]124 119 [121%123%
Am. Tobacco . . ..[260 [250 (250 240
Am. Sumatia Tob, .| 92 8855| 91% | 8834
American Ice . . .| ... l sib s AN
Am. Writing Paper.| 53 53 b3b 3 %
Am. Int. Corp. . .{109%[108 ‘lo9‘7', 108
Alloy Steel .. .. .| 49%] 49%] 49%) ....
Anaconda .. .. ..| BB%] 67 57%] €7%
Atchison .. .. .. .| 85%| 84%| 86%| 84%
Atlantic Coast Line| 91 91 91
Ajax Rubber . . tB6 26 86 83
Baldwin Loco. .. .‘112% 108741111% 1081
Baltimore & Ohio | 331%| 32%) 33 32%
Booth Fisheries ..| 12%| 12 12 I}%
Bethlehem Motors 3314 32% ) 334%]| 821
Bosch Mag... : , .|124%|122 |124%4]120
Bethlehem Steel B.) 947%/| 92 7% 91%
Brook. Rap. Trans..| 15% 15:7 16% | 1563
Butte Superior .. .| 24 A 3% | 23% 20%
(Cal, Petroleum . .| 45 44%| 45 4414
Cal. Packing .. .| 76 76 6 75 %
Canadian Pacific . .]139 [13814|138% (138
Chesapeake & Ohio| 57 57 57 ~f66%%
Chicago & Northw..| ....J ....| ...- 89
Coca-Cola' > . . . .| 39%/| 38%( 33% 39
Cole. Fuel & Iron .| 39%| 39 |39 | tßig
Chi., Mil. & St. P. .| 38%| 371/ 38 37%
‘ de. ptd. .. .. .| 54 53 % SE",Z b 4
Chino Copper . . .| 37%) 368%| 3 38
Consolidated Gas ..| 87 86%| Khle) 864
Corn Products ~.| 82 8% 82%) 807%
Columbia Graph. ~.| 68 67%] 68 8714
Crucible Steel . . .|215 1201%|215 201%
Cuban Cane Sugar .| 47%| 46 47% | 407
QO. DEA. s as oF sase) cuerf S 8
Cast Iron Pipe . . 202 204 203 | 20
Central Leather . .| 956%| 9414 932’2 94
Chile Copper ...‘ 18 % 18:2 18 18 |
Chandler Motor . ./118 [115%/118 |[ll4
Coiumbia Gas .. .| 64 64 64 633‘
Corre-de-Pasco . ..| 5804] 85% uq(! e
Continental Can ..| 91%| 91 91% |B9
Endjcott-Johnson ..|144 142 H!‘,Z'H’l%
Delaware & Hudson| 95 94%, 94%] %4
B 0 . e 138 135| 138
b ot 10t )] slaial B
Fisk Rubber. . . .| 41%| 41% | 41% 407%
Gen. Cigar Stores .| 72%| 71 72 69
General Eleetric . .) ...} ..o 000 {172
General Motors . .|3453% 335% 344 333
Goodrich Rubber ..| 80 78%‘ 80 79
Grt, Northern pfd. .| 79%| 79%/| 79%/! 79%
Grt. Northern Ore .| 38%/| 38%| 38% 38
Groat Wambernr - . v coixlcivil B
Gulf States Steel .| 70%| 68%| 70%| 69%
Greene-Cananea . .| ....| «esof oooo| 34
Tilinols Centeal , . licoia] saai] coia] B 8
Inapiration Copper .| 50% | 48%| 50%) 48
Interborss .. it ia Nl 41 4 4 41
Ind. Alcohol . . .]107%|1003%]107%100%
Int. Nickel . . . .| 22%| 2214 22%| 223
Internt]. Harvester .|129% 128 [129%{127
Interntl. Paper .b 1 ]6y n 6814
Keystone Tire .. ..| 46 44%| 46 | 46%
K, _Springfield Tire. 134 32 134 2
U. S. Resumes ‘
Heavy Tradin ‘
J 1
With Germany |
\
|
. \
WASHINGTON, Dec. 4.—Since ths
signing of the armistice the United Btates
and Great Britain have resumed heavy
trading with Germany, as shown in re
ports just made public by the department
of commerce. ¥
Exports from the United States to Ger
many for the first ten months of the year
totalled $652,420,095 and imports from Ger
many $4,914,787.
Great Britain, from the signing of the
armistice to October 1, exported to Ger
many goods valued at more than $§0,000,-
000 and received imports grom. Germany
valued at $1,085,000,
Of the total American éxperts to Ger
many $20,663,621 were exported in October.
Officials of the department of commerce
stated that, although Great Britain ap
parently has started off with & rusch in
the German trade, the United States is
overhauling her rapidly.
Exports from the United States te Seuth
America amounted to $39,29€,045 in Octo
her against $17,431,621 a year ago. Argen
tina received $13,874,164, or nearly three
times as much as in October, 1918, Brazil
at $12,279,000 received almost six times
as much as a year ago, while Chile, at
$3.149,293, decreased by about §1,000,000.
fimpnrts from South America te the
United States for October amounted te
$68,287,021, of which Argentina contrib«
uted $23,773,398, Brazil $24,171,080 and
Chile $5,818,281,
I Furope with a total of $407393,368 re
' celved the largest amount of American ex
ports in October, according to the reports
| classification by grand division. Tlmports
were greatest from Asia, totalling $118,«
|A.’ll‘2|l for the month,
\ I WEATHER FORECAST. '
Foliowing Is the weather forecast for
the cotton belt during the next twenty
four hours:
North Carolina—Part cloudy tonight and
tFrmuy, rising temperatures,
' Bouth Carolina—Part cloudy tonight and
Friday,
Georgla—®art oloudy tenight and Friday,
‘ rising temperatures.
Florida—Fair tonight and Friday, rising
temperatures in north,
. Alabama and Mississippi—Part cloudy
\Vcnlgm and Friday, rising temperatures,
| Louisiana—Tonight and Friday part
cleudy to cloudy.
Arkansas —Tonight and Friday unsettied.
and warmer.
Oklahoma-—Ton,ght and Friday unset
tied and warmer.
East Texas-—Tonight and Friday unset
tiéd, scattered showerd, Warmer, -
West Texas—Tonight and Friday part
cloudy to cloudy, warmer.
of it as they please. They are selling
it in the open market in London at a
premium of 15 to 20 per cent above
the coinage rate to purchasers who
have payments to make in the United
States and eother countries with
whom exchange is at & premium over
the pound sterling, - This action was
taken for the purpose of helping to
maintain the industry,
“We will get some adilitions to our
gold stock through thege shipments
while the exchanges are in our favor,
but it will be very unwise policy to
use them as the bagis for further
credit exparsions. Sooner or later
the exchanges will turn against us
«nd gold will have to go out. If,
when that time comes, the foundation
must be taken out from under a
fabric of credits there will be a dis~
turbance of prices and of business
far more serious than will result
from holding expansion in check. It
must, be kept in mind that this coun
try now has far movre than its normal
share of the world's stock of gold,
angd sooner of later economic condi
t:om will ‘bring about a redistribu
tion.”
5 ‘ | Il.ut Prev.
STOCKS— High |Low | Sale |[Close.
Kan. City Southern.| ....] ....] ....] 156%
Kulu&’re?J. deniF faell v b AW
Lackawanna Steel .| 863%/| 82 863 84
Kennecott .. .. ..| 29%/| 28%] 20%g]| 285
Lehigh Valley .. .| 43 48 43 42%
Louigv. & Nashv. .| ....| »... i TERE
)’uwoll Motors ..} 37 37 37 36 %
Mo. Pacific (new) .| 25 24%; 28 24%
Mexican Petr01eum.|203%(195%(203% {195
‘“"«?‘ st sSR L€T 49% | 47%
0.d)(d.,.. F kil iesl ti IR
Miami Copper . . .| 23%| 23% 233 2215
Midvale Steel . . .| 50%| 4915 503% | 49%
National Comduit .| ....| ....| ....] 10
National Enamel. . ....] ....| ....| 76
North American , .| ....] ....{ .... |65
N. ¥X. Contral . ..| 70 69| 70 69%
N. Y. NH & H..| 20| 28%] 20 28%
National Lead . . .| 821%| 82%| 82%| 82
RAR L 97 97 95 %
j Northern Pacific. .| 813%]| 801%| 80| 814
Nev. Con. Copper f 16% 153/"' 158 ] 14%
N. Y. Airbrake . . .}llO% 109 [llol6{loß
Okla, Pro. & Ry. .| 9%| 9%| 9% 0%
Ohio Cities Gas . .| 50% | 48| 501 47%
Fanl O, Ci o vl 38 21 21 21%
Punta Alegra Sugar| #27%]| 91 92%| 893 |
Pennsylvania . . .| 41%) 413} 414 41%
Pierce-Arrow . . .| 81%| 781 81 7
People's Gas . « . ....| ... 8 133
P. Steel Car . . .| 99%/| 3714 99% ] 96%
Pittshurg Coai .. .| 8174] 61 61%| 61
Pullman Co. . . . .[115%[114%]115 [ll4¥
gnn-Am. Pete . . .[107% 10131073 102
ere Marguette . ‘ ...‘ cers] S9N
Plerce Ol , . o oo ssdy l 17
Tiavy Consolidated .| 20%| 201} 203 247 ‘
Reading ..+ « + ‘ 763 76 | TRRT 76
R I & Steel . . .[109%{{108% 110811034
Rock Island . . . .| 208] 26%| 36%;] 2%
Ry. Steel Springs .| 96 96 |2B 2L
Royal Dutch (new)|lo3%; 993, i 102% li%
Stromberg Carb, , .1 11%| 15%| 76% 75
Sears-Roebuck o o .f .. Sl 2ees IAEM
BSloss-Sheffield .., |T44 | 71341 74 st
Southern Pacifta ..| 05%! 047 |6B 4L
Suu}hara Raliway .| A% 22%] 28%| 22%
do, pfd, . . . i 8 B 9
Studebaker s 111020108 % 110110814
st &8 B 1 i lan) 8% ] 16%
Kipclair O . . . .| 47%] 464} 17’»‘-_‘ 4614 |
Stutz Motors . . .[11411114% 111414 H”'a{
Saxon Motors . . .| 13%| 13%| 13%| 13%
. e
Fwift & Co. .« « s ,oo nasid
| do. fd, .+ --] 36%] 3N%] MNE. ..
‘;ah. Producte ~.| 87 Bl%| 8414| £0714
enn. Copper . . ’ .l it Dk AW
Texag Ol , . . . .|206 |2Bl |294~‘T2H:
Texas Pacifie . . .| 43%] 42 | 423} 41
United Fruit . . .]200%200%(26074]200
Unien Pacific 5112404
1. Food Products | 794! 77| 79% |B%
U. 8 Rubber . . 120561 t wag2yjite
U, K Stec) . . . Jro4xfrecyponsijieey
0. Retall Storee 1 X 8 Yok SB4
Utah Copper . . | 714} TLL} T3l 1% |
Va.-C. Chemleal ..) 65 64%,| 65 631 |
Wabash pfd. A . .| 24%| 241 24%]| 24%
‘Western Union . .| 89 | 8811 89 ahe s
thl{l-Owrlnnd . o] 80% 29%] 30 295
WSI . i s ol Liarl ciiel izeelAßS
Westinghouse . . .| 534/ 5214] 63 52
White Moters . . .| 67 65%| 667%| 65
Wilsen Packing Co.| 79 8% 79 | 76%
W'thingten P &M| .., ....] .... 85%
: BONDS.
A ———— e s
U. B. Lih, 3%s . .IQH,VB 09.70199.70(99.70
do. 18t 48 . . .193,98/93.98/93,98/93.80
“do. 24 4s . . .[92.20{91.60{92.2081,76
do. 34 4%s . . !{ 4.00
do. 18t 4%s . .]92.70/92:20(92.70 L 0
do. 24 44s . . |4.40114.!fi494.i0¢94.02
do. 4th 4%s . .‘n.uo 92.30/92.80/92.26
do. sth 4%a . .[99.20/99.20{99 ?0]9&00
do. 6th Sfis. ,199.02(99.00(99.02/99. 98
!
Roads’ October |
Net Profits ]
$11,000,000
Railroads under federal control made a
net profit of $11,000,000 in October, al
theugh estimated figures showed only $2,.-
000,000, the railroad adminigtration, an
noynees in a preliminary report.
This $9,000,000 d\unpa‘rcy, the admin
istration explained, was Aue to the rein
etatement of per diem charges on freight
cars and the eceal strike which caused
coal traffic to be held in transit, and
earnings from these sources will be in
cluded in the November totals,
The net operating income for the month ‘
was nabout $86,000,000, but due to the
causes mentioned in the report, the in- |
gpme amounted to enly $77,000,000. Op
eratin expenses were abnoermally large be.
cause of the extraordinary shifting of
open top eguipment in order to furnish
the maximum number of coal cars, and lo}
large expenditures for maintenance of
equipment which was in need of repair on |
account of the strikes of shopmen. !
For the ten months of this year the |
railroads have shown a net loss of S:'«m,-i
768,168, but since July net gains have been
reported,
~ Freight and passenger traffic showed an
’lnrrmm(- over Qctober, 1918,
| |FERTILIZER MATERIALS.(
| S
{Cerrected by Harry Cohen—U, 8, Admln-|
istrater License G-27360.)
‘Nltuto of seda. .s .. .100 Ilbs 2.85 Z.NI
" Putures LI RS 2.99
Refined ......coooooßoo* 500 5.26
tSulphat ammouia, spot .. “ 5.00
| BRIPMONLS ;0000 0000 ¥ 5,00
Dried blood. New York, “ 7.26
West high gran finrd,, “ 7.50
F. 0. B. Chi?ago cevee * 7,60
Tankage—
¥. 0. B. New York.... * 17.00 10.00
F.O B Chicagn .....0 * 100 10.00
fulphur, Commercial-— }
ORFIOtS (oervvrenrrcnnes ®le 1.90)
BAPS .coovoconivrvennee 81 2.20
POPOIN cossacnsngensnss ¥ 200 2.20
PHOSPHATES.
Bteamed bone, ton, 3-60 p. 0. 44.00
Acid phosphates.. .....ton 17.60 sos
Ground bone, raw...... " 400
Phosphate rock ..,...... " Nomihal
Florida high grade phos
phate rock, ¥, O K., " Nominsl
| e
Double Manure Salt-—-
80-85 p. ¢. basis 80 p. c.
aem— .
Delivered New
| PR
~ NEW YORK, Dec. {.—After an ir
regular opening today the stock mar.
ket developed strength with some is
sues making upturns of from frac
tions to nearly 3 points.
Steel common after vyielding to
102 1.4 quickly recovered to 103. Cru
cible Steel from 201 3-4 Trose to
202 1.2 and Republic Steel rose nearly
a point to 104 3-4. ‘
Pierce-Arrow advanced to 2 8-4 to
73 3-4. General Motors rose 2 1-2 to!
335 3-4; White Motors 1 12 to 66 1.2;
Marine Common one point to 47 3,4,
Atlantic Gulf 1 point to 173; Pan-
American Petroleum 1 5-8 to 103 3-4;
Mexican Petroleum 1 point to 196;
Texas Company 1 1-2 to 286 1.2 and
Royal Dutch to 100 1.3,
Unijon Pacific drochd 11-8 to 123
while the other rails gained frae
tionally.
In the late forenoon many issues
were strong, while several specialtiea
aisplayed weakness. Bethlehem Steel
B, rose nearly ¢ points to 02 3-4;
Steel common, to 103 3-8; Crucible,
to 205; Pierce-Arrow, to 80 3-4: Ma
rine preferred, to 106 1-2; Marine
common, to 48 3-4. American Hide
and Leather preferred dropped &§
roints to 119, The oil and copper
shares were quite and fractionally
higher.
Most of the leading issifes closed at
practically the best of the day. Cru
cible Steel advanced 13 points. to 215;
Stce: common, 2 points, to a closing
of 104 3-8; Industrial Alcohol to
107 1-2; General Motors, 11 points,
to 344 3-8; Pierce-Arrow, 3 1-2, to
80 1-2 “The coppers and rails were
qpiet. Marine common was finally
49 1.8; Southern Pacific, 95 1-8; Utah
Copper, 7%; Studebaker, 110 1-8;
United States Rubber, 123" 7-8, and
Tobaceo Products, 86 1-2.
The stock market closed strong;
gevernment bonds unchanged; rail
way and other bonds strong.
e ——r
FINANCIAL BUREAU ON STOCKS,
. NEW YORK, Dec. 4.—Attention is called
te the indifference of the market to dia
quieting news developments. Speculators,
however, are inclined to f’" heed to re
ports that a further liguitlation must be
accomplished, It is claimed in seme oir
cles that the stock market will Am?rove
with easier monetary conditiens. A large
amount of money was left unloancg yesters
day, although offerings were made below
6 per cent rate. It is asserted by friends
of petroleum stocks that in some cases
they have been queted materially below
aqtual prices at which large transactions
have been made. It still is rumored that
another payment i& soon to be made on
Marine preferred en account of accumus
lated dividends. 1
i
gt FINANCIAL NEWS, ‘
A leading stock market autherity says:
“My information is that Gulf States Steel,
selling about seventy, is in for a substan
tial advance. Three years ago the stock
sold at 196, The stor& 1 get is that there
is likely to he a 20 peint rise quick and
that a ms Western steel company Wwill
take over Gulf States Steel. It looks like
a safe, good buy tt p.rosenl figures.”
.
In a letter to stockholders under date
November 29 the Boone Oil Company re
ports as of November 1 total capital as
sets $7,685,466 and total liabilities $3,119.-
000 of the total capital assets $6,480,466 is
represented by lands, royalties, leases and
stocks of subsidiary companies at ynarket
prices and $1,105,000 represents bills re
ceivable. The report estimates net earn
ings for year ending November 11, 1819,
on basis of current receipts and expenses
at $187,000. During the coming year the
letter states production will be increased
by drilling and increased storage facilities
in Clalrbourne Parish, La,, where the lease
of the company and subsidiaries comprise
a holaing of 2,500 acres. Drilling is to be
continyed also in the Bull Bayou district,
where a well has rm-emlr been brought in.
It is suggested as possible that drilling on
the company’s Columbian property of 170,-
000 acres will be undertaken &s Bsoon ag
transportation facilities become avallable.
ptrength and activity in Endicott-John
son is largely due to persisient active in
vestment absorption based on enormous
earnings and with rumors of a higher divi
dend rate, to say nothing of the efficiency
maintained due te the profit fila.n of the
company. It is reported that the company
in the latter part of the curent year hu.s
been rejecting orders, it being stated that
there i{s a demand of 30 per cent above
prodyetion capacity, The company has
branched out inte retail stores and profita
are understood te have been large frem
this source. l
STOCK MARKET OPINIONS.
Clark, Childs & Co.: “The stock market
is not ready for a resumption of general
bulligh operations. Technical conditions
affecting the market [tself suggest better
things momentarily, but with qusli(yw’
reservation that for mere than & day o
two It I 8 lmpossible to lay a safe speculu
tive course. On any strength Ffipfion seem
a safe sale; 01l stocks appedar to have sus
tained their liquidation. Mexican Issues
are not attractive.'
‘. s 0
¥. B. Kerr & Co.: “Whiia we believe
the severity of H?mgluon has been Ac~
complished, we still Belleve it inndvisable
to buy except moderately, carefully selects
ing issues for turns.'
o %9
Chandler Bros: ‘“More than seventy-five
1. W. W. men have covertly appeared in
Tenapah during the past month and kre
soeretly spreading their peisonous influ
ence. England greatly needs silver to re
plenish the Indla reserve. China r«‘:llr'l
goveral milllon ounces of silver to stabilize
her meoney value, The outlook for con
tinued urgent demand for sliver seems un
questioned.”
Livingston; “There is still a very large
short interest in market and the question
i whether the news will be such & nature
a 8 to force covering., All eyes on Washing
ton. We dvigse a waiting attitude at the
moment."
e gt
CHICAGO LIVE STOCK.
(By U. 8. Bureau of Markets.)
CHICAGO, Dec. 4.—Receipts 53,000,
market fairly active, 20@26 lower Bulk
13.76a@ 14.20; top 14.26; heavywelght 13.78
@14.20; medjum weight 13 sn‘.uzs&
lightweight 13.76@14.20; light pigs 13.6
G 14.00; heavy packing sews, smooth 13.10
@135.60; packing sows, rough 18.50@ 13.00;
plgs 13.00@13.75.
Cattle: Receipts 15,000; market steady
to 26 higher.
Beef steers, cholce and prime 18.26@
20,75: medium and food lU.TGOII.:G;
gaod and choloa lightweights 13,000
20.26; eommon and medium 7.80@13.66,
Buteher cattel: Helfers 6.60@10.00; cows
0.40@ 13.656; bulls 6.76@11.25,
Cunners. and cutters: Canner steers
5.1567.16; veal calves (light anfl handy
weight) 16.50@17.60; feeder steers 7.000)
14.50; stocker steers 6.00@10.76; wstooker
cows and heifers 6.00@7.76; mtocker
calves 7.76@11.25.
Western range cattle: Beef steerg 1076
®14.76; cows and heifers 12.50814.78.
Sheep: Recelpts 22,000; market steady
to 26 lower; lamhs (%4 pounds down)
14.60@16.60; culls and common 10,000
14.25; yoarling wethers 11.25@14.76; ewes
71569 50; ewns, culls and common 4.26@
7.26; hreeding ewes 7.00@11.26; feoder
lambe 12,006 14,60,
CHICAGO CASH GRAIN,
CHICAGO, Deg, 4.Cash: Corn, No. 3
white, 1.4%; No, 4 white, 1.3@1.40% : No, §
vellow, 1.47@d.48; No, 4 yellow, 1.41@ 1.44,
Onte, No 1 white, 81@81%; No, 2 'Jl'lf,
M, @kl%; No, § white, 7T @70%: No. 4
whils, T 6%%.
METAL MARKET,
NEW YORK, Dec. 4.—~Metal prices: Cop
per firm; spot and Decoamher offered ll!g:
January, February and March, 18% of
forad,
Lead firm. BSpot and December, 1.'1!%
u:uu: January, February, March, 8.7%
6.85,
Bpelter steady. Spot and December,
$.20408.30; Junuary, February and March,
CRASH IN FOREIGN EXCHANGE
BULLISH CARD IN WALL ST.
Bet e . 8A P e 50 ei, B A £ 2 1 OAT %4 L i 2t e e e .
By BROADAN WALL. ;
NEW YORK, Dec. 4.—Foreign exchanges collapsed yesterday to new,
records so low that for the first time they become a bullish argument on !
the stock market. The result was good buying of stocks throughout the .
list with material net gains showing in every department and with the
- prices about the beat of the day in many issues. A short interest of .
importance exists in speculative issues and investment issues are being ;
bought freely under the influence of cheap money for renewals yesterday. .
were 6 per cnt and money was offered at 5 1-2 late in the day. This is the
lowest money rate since the panic of November 12, when it went to 30 per
cent. December cotton sold at 40 cents a pound. This is the higlestt price
since the Civil War.
Sterling broke to 3.87% and francs,
to 10.32. Such figures have not been
seen in a century and they are bull
ish on the stock market because
they mean that there is no present
Lhope of exporting commogdities to
Europe from this country. There
fore, the warehouses that are gorged
viith commeodities speculatively held
for foreign account must be cleaned
out. There is a home demand far in
excess of any possibility of being
satisfied by these warehoused goods
or by all that can be manufactured.
But the release of all these goods will
tend to reduee prices and further
more it will reduce the rate of in
terest and cut down loans so that
the Federal Reserve Banks in all
parts of the country wil be able to
make a better showing of reserves.
The bank reserves are too low now
to be comfortable, but with certainty
that they are to be improved money
will remain easy.« The stock mar
ket has therefore only to look for
ward to about three weeks of narvs
ousness in the money market and
then the January 1 disbursements
will all be financed and there will
be funds enough for all the trading
the people want to do in the stock
market. -
Reports that the Corn Products
Company may close down several
factories for lack of fuel did not
startle the strect, for whatever bear
iehness there was in this was coun
teracted by the bullishness in the
sweets markel, There will be an
abundance of sugar in January and
February, but at such high prices
that syrups manufactured by the
Corn Products Company will be in
urgent demand, In fact, the coal
strike itself nas lost its {nfiuence as
a market factor, for reports from
Pittsburg yesterday stated that the
nien were returning to work in sur
prisingly large numbers, contrary to
the wishes of the union officials.
They can 4o this because the unions
are enjoined from ecalling a strike
and can not discipline the men if they
violate the natipn wide secret under
standing that seems to have been
entered into in regard to the matter.
There has been very good selling of
marine stocks the lagt few days.
Presidzm Wilson's recommendation
that good roads be extended through
out the country had the effect of
putting Barrett up six peints most
of which it heid to the close. Aniline
was also strong as a result of his
plead for aid for the chemical com
panies. Hlis road talk was, of course,
largely instrumental in giving the
mator, road and oil stocks their up
ward movements, Texas Oil was the
strongost of all the potroleum |ssues,
heing one time 10% points above
T uesday's close. Of this advance, 9
points was héld to the end of the day.
The veport of the sscretary of the
treasury gave the bears a little com
fort because it econveyed the idea that
the government would not participate
in any movement to stabilize inter
netional exchanges.
While the railroad stocks did net
advarice, the buying in them was
coood, and stocks like Union Pacific,
l‘ern!{}vlula. SBt. Paul, Southern Pa
cific, New York Central ané Great
Northern are being well takea on the
theory that the government program
in connection with the return of the
rcads to private ownership will be a
very liberal one.
NEW YORK CURB STOCKS,
The market epened pteady and clesed
firm. Opening. Closing.
Aetna Exp. ... l!(: " l%g ?
A-Amn, Oil ~. 30% 31? 0% J!‘,fi
Pnfneltt (9" ..‘...‘.“o‘i’ ~18 4 \i.!il
‘onsel, Cep, .
(‘:ldon 0n’.... YRwe % ’az .a
Housten Oil ~,170 @175 170 81"
Ind. Pipe ..... 81 @ 9§ " L
nm;. Pete ~,. 86 @56 THh@ 68%
L. Val. Coal ~ 88 @»0 13 93
Magma ~..... 30 @4O 30 ;‘O
Marcopi ...... § O &% 844 8%
Merritt Oil ... 81 zu 2@ 28
i o ... 3 1% 1L @ 1%
Midwest Ref. ~159 @l6l 169 162
N. Amn. Pulp . . 3‘6? Y 3! Iy
Qhio Ofl ... , .360 @368 164 368
Prairie Ol . , 478 @690 15 700
Bubmg'ne Boat . 154 @ 103‘ 16 lz
80. New Y0rk.426 @43 437 ‘“
8O N. ?my.vov @z 710 715
8. O California. 293 @297 294 288
8. O. Indiana..74s gne 746 760
Union Tank . ,124 126 128 128
Victoria Oil , . ng ltz 1% 1%
Nipissing .. . . 1213 12 i2u® 13
B. & Wyo. 01l 15-16@11+16 15.16@11-18
Mlen Rack Ol . 3%®@ !:2 3*: 394
I, O, & Trana, . 6%@ & 6% 6%
Northwest Ofl., 43 g4B 43 @4B
V. B St'ship. . 4% % iUue ¢
Bapulpa. ~ . , . 6@ 6% 6x@ o
Cor Light . . . 3KQ@ 3% %@ 3
Bragos.. . . + 30 O % 20 @ 21
TS
MONEY AND EXCHANGE.
NEW YORK, Deec, 4.--Oall money on the
floor of the New York Stock Exchange to.
day ruled at 6 per cent. High, 6 per cent;
low, 6 per osnt. Time money was firm,
Rates: Sixty days, 7% per cent; npinety
days, 7% per cent; four months, 7% per
cent; five maonths, 7% per cent; six
months, 7% per cent. '
The merket for prime mercantile paper
was steoug. Call meney in London today
was 2% per cent.
Bterling (xchange was gtoady with husi
nag »in bonkers’ hilly at 5,.89% for demand.
134 PEACHTREE ARCADE
Business Announcements : Commervigl
Stationery : Club Announcements
Lodge or Emblem Cards
Webb & Vary Inc.
Priotery, Mm
SECURITIES SALES CO.
INVESTMENT SECURITIES
PHONE Direct wire so our New York Correspondent GRANT BLDG
w 2200 Hayden, Stone & Company | ATLANT
——
CHICAGO, Dec. 4~—Corn was 1.3
lower to 5-8 higher at the opening
todaq. Trade was limited and the
sirength shown after the immediate
start was due chiefly to the lack of
selling pressure.
Oats had a featureless start, with
opening prices unchanged to 1.4
lower. After the start there were of
ferings by a local professional. Trade
was slow. 3
Provisions started steady te 10c
higher with limited offerings and
scattered buying. ¢
Corn closed 1-8 of a cent lower to
1 7-8 cents higher.
Oats closed 1-8 to 1-2 of a cent
higher,
Provigiong closed irregular.
Grain quotationa:
e O
Prev.
' Open ‘ High [l Low llC'zoue |Clon
— T COW ioße (Close
Corn ] T i
Dvc,’ 1_391,"| 1,40-&[ 1.38% ] 1.30%]| 1.40
May 1.33 1.34%] 1319 1.34%| 1.38
Jan. 1.36%] 1.37%| 1.35 | 1.86%| 1.36
J‘u)lyu \ 1.33 1.34 L3l%| 1.33'%/| 1.32%
n J
Deo. 6% M% 76% 6% 6%
s o AR R myone
uly T
| | |
J::rk 35.00 |35.25 [35.00 35.95 |25.18
May |lu.oo ]lauo 33.85 [33.90 [34.05
Lard
Jn':. 23.60 [23.70 ‘23.50 23.55 [23.60
Mn{' 26.78 ]23.80 [23.57 [23.60 [23.65
Jrr: fn.oo (u.)o fl&fl fls.n 18.80
May oveaetooeo ... ... 118.85 118.88
ST. LOUIS LIVE STOCK MARKET.
ST. LOUIS, Dec. 4—Cattla: Receipts,
000. Market, prospects lower. Native
l‘..v cue::. "'&0?})';%:,5““"". 120;;
a ifers, 14. 00; cows, 10.
s“l.{:ol:nsto':'.)‘u:s and feeders, 10.00@11.25;
calves, 14.50@15.50; fair to prime yeariing
beef steers, 9.00@14.00; beef cows and
heifers, 6.50@8 00;f Snut‘hsegaspcrémza::z:l-:
iny steers and heifers, 6, 00
l"fi&:’:fio.neeflpu. 18,600. Market, steady
te lower. Mixed and butchers, 15.90@14.45;
fants, ‘l3 00m1ash; "pige 1300815005
lights, 13.90 .25; Dpigs, 4 .00
, 14.10@ 14.38,
hu.‘lxli{lepp:l n’&nms, 5,000. Market, steady.
Pwes, 5.00@8.26; oanners and gheppers,
5.00@6.00; lambs, 15.50@16.25, %
Treat the Kidneys and Blood
When Treating the Liver and
Frequent Purgatives Will Be
Unnecessary.
Dr. Hitchcock'’s Liver, Kidney &
Blood Powders Cleanse the
Liver, Regulate the Kidn:g:
and Thereby Purifying
Blood. Keeps Your Tripod of
Health in Balance.
A Vegetable Compound. Will
Not Make You Sick. Eat Any
“thing You Like,
The Liver, Kidneys and Blood-—the .
Tripod of Health--do not function
mdependentlx, but if one becomes
disordered, they all three suffer,
Doctor Hitchcock's Liver, Kidney
and Blood Powders, a purely vege
table compound that will not make
vou sick, will cleanse the liver, stim
ujate the kidneys to hulth! action,
thus purifying the blood, and keeping
your Tripod of Health in balance.
When you treat the liver alone, you
only treat a third of your trouble.
When bilious, constipated, headachy,
feel blue and rheumatic, get a large
tin box of Doctor Hitcheoek's Liver,
Kidney and Blood Powders tor 235
cents, take a Jevel teaspoonful at
night and 1t will straighten {'ou out
by morning. Guaranteed to please or
money refunded.-~Adv.
Wall Board
Al for fves Deseatptive Boc
2 b "
Ciiye Gy
D tne u Qg e
ORNEDESK
& FIXTURE CO.
93 N. Pryer BSt. Phone Ivy 1158
DESKS, CHAIRS,
FILING DEVICES.
Large Stock. Low Prices.