Newspaper Page Text
Cotton Reacts After Early Rise, Cue to Private Crop Estimate of 10,900,000 Bales, Coal and Political Situation
£#BZ [THE GEORGIAN'S AND FINANCIAL NEWS) =i
l IMPORTANT GOV'T REPORTS i
Atlanta bank clearings Thursday .................$13,1563038.19
Hame GRY 188 t Feat' . . s.vvin. .. cisnrsavineine s AOSO 0603
——
BNOTOUBS .. ... 0 it ot ol IRO 00610
Bame day Ingt woek ............c.¢ooooooooooooooo Holiday
Same day 1917 e 9,388,238.79
. .
Atlanta spot cotton Thursday: .........ccociviviii....4o.6oo
Hamd HAy IMBE WEeR ........vv.oovs vinninnaniviayy HOUARY
Same day la,st’rear Cieit.sianiisiinansariutatianans s 101000
Same day 1047 ............vcivainvnisassninincsainas 20060
.8 %
Atlanta cotton statement Thursday:
1919. Last Week. 1018, 1917
Receipts .......... 5,203 1, 1471 2.023
Shipments ......... 1,610 . 1,359 2,384
Btooks ............40,824 " 23,264 46,0563
*Holgiay. . &
Holgisy .0
By VICTOR BARRON. :
lufluenced by strong Liverpeol cables, extremely bullish spot news,
|nrger exports and bad weather in the western belt, the cotton market dis
played further strength at the start Thursday, with initial prices at New
e YOrk uhchanged to 29 peints higher. Trade houses and
7 _,,:',_ e Liverpool were the leading buyers on the opening. After
0 i A the call the list rallied to a net gaih of 25 to 43 points,
et D) T S with January rising 'to 87.15 and March 34.97. The dis
% *’Y{‘g@\;s count July is gelling under Januafy was increased {o 530
AR N
oo e- W points.
":‘é‘i : Durifig the late forenoon the market turned easier
ol . 29 under resumption of active realizing and futther short
seioai g wRs selling as the result of the rumor that the National Gin
‘s?‘ .‘a,f @ ners’ Association estimated the crop at 10,000,000 bales,
3}“* or 200,000 bales more than last year. The entire early
fin i amas. M odvance was wiped out, with December redcting 40
,: :_-:‘ e4@ Doints from the high to 39.10. January dipped to 36.70,
;_l?‘f'; g T while March fell to 34.48, May 32.60, July 31.50 and
o i ol O)iobor to 2275,
STR ’ Just béfore the noon hour another upward movement
N,{g}) * was in progress; due to the strength of the security mar
}fl» A kgt, less pressure and a report that the Southern Prod
h uctd Company of Dallas, Texas, estimates the crop at
e 10,448 000 bales exclusive of linters. Ring professionals
were against the market, and these 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.
3
’ FRUITS, VEGETABLES, '
e A RR O R A
‘Wholesale quotations to retailers follow:
FRUITS AND VEGETABLES.
(Corrected by Fidelity Fruit and Prodace
Company.)
Vegetables, :
‘anadian turnips, per pound....:.§ ..O!u
Cal. lima beAns, new erop, per iv.: .17
Black‘€yed peas, new crop, pér io.. 09
Célery, per craté .i..iii.issseess T:00
Bell peppérs, per cratd.......:..0v 3.00
Onions, white, per pound ......:. 0614
{rish potatoes, 150 pounds ........ 5.75
Cabbage, per pound ..........ivee 04
Hweet potatoes, per pound..i..ivs 02%
CranbßPFißl . .s:i%iitinecaiisios 1809
Fruits.
"m%»n. per box, Flerida ....34.00@4.50
Grap@iruit, per box, .........:$3.5004.00
Temens, Pef BOX iii.isicisisiicens 609
Apples, faney, owing to varlety, box,
$3.00 A& iis:.aiiasandiiisseotnss GOO
Apples, faney, owing to variety, bare
rel, $8:00 BMBA ..c..oiaaiiiiess s IR9O
Bananas, pof pound .....0i58..00 .07%0
“‘alitorma Emperior grapes, per keg. 1.
Peanuts, fancy, hand-piclked. per Ib. 8 ‘
Californin walhuts, No. 1, per 1b.... .
Cocoanuts, 100 51z8 .......i5.04.:.05 1100
POULTRY, nrrr%nl FGGS, FISH, OYS
y
(Corrected b‘)‘ebcll Bros.)
Butter,
Fresh country, per pound ....iii:..B .49
Egxs.
Fresh country, ecandled, dozen :..:.: .g.
IETRE e ADRER .. i Ties o A
< Yive Poultry,
Turkey, per poufld ..i..i.i05000004 8%
Turkey, dressed, per pouhd ......., 33
Hend and stugs, per pound .......:21@8
Frlers, per poudlld :....iii:18385884.1 i 35
Roosters, per pound . ......i..8444 .l:
Puddle ducks, per pound ...:....ss g
QUese, per oUNA .....icovseniisnie 2
Guin®as, each ....:...i.006008800858 .8
Opossums and Rabbits.
BRADBIt, Baéß assse..33ooßß 08000008 .30
Lilve, per poubd | .i..i.aitiiseniand .15
Opossum, per pound .......eesbesis 15
Oysters,
Select, per gallon .....icsenseeeesss $3.60
Sthws, per gallon .....iiieetesseess 828
¥ish,
Pompanoes, per pound «i..ivevsaes o 2
Mackérel per poufd ...coeebevenen .3
Trout, Pér Poußd . ..olisesdssebises .2
Mullet, pet BAPFBI ii..i:ivii.oass 20.00
Hottom fish, per barrel ........i..: 18,00
Snapper (none on market).
Grouper (hone on market).
E DRESSED BEEF.
(€ ted by Swift and Clfli’:r!l\’
. No. 1. Ne. 2. ‘&o. 3
Rivs, pOuld ...ouciiniae 0830 21 20
FOINE, POUNE ~osceisers B 8 .36 33
Rounds, pound ..i..... &7 22 “
Chucks, pouhd ......s.. .14 .P '
Plotes, pound ....iviv.. 18 A 0 Ab
\
ALL GARAGE
And
REPAIR MEN
ARE INVITED
Every garage and repair
man in Atlanta is invited
to be my guest at a dance
which I will give them next
hiéhluy evening at Raber’s
Merry Garden, 52 Houston
street. There will be ex
cellont musie and a good
time.
Walter N. Yates
Prop./
SERVICE RADIATOR
WORKS
54 HOUSTON ST,
Another bullish crop estimate was
issued during the afternocn, that of
Clement, Curtls and Company of
| Chicago—lo,§4o,ooo bales. This, to
gather with the vigerous rise in se
curities and bullish spet news., re
sulted in the markst developiiig fresh
rallying power, followlni the estab
lishment of new low of the day
shortly aftér hoon. lwfoat active op
tions rallied about 850 peints from
the bottom levels, January, New
York, rising from 36:60 to 36.94. Final
prices were 35 peints lower, 22 points
ligher. . 3
Atlanta spot cotton was efficially
qucted unchanged at 40.50 eents,:
tasis good mmdxmf.
The market held ecomparatively
steady, in viéw of the continued un
favorable coal news @nd political sit
uation here and abroad. |
The weather map Indicated \inset
tled conditions over the belt, with
freezing temperatures in many sec
tions,
The censu#t ginnings report will
compare gvith 7,677,826 bales ginned
prior to November 14 last and 9,571,-
414 bales ginned to December 1, 1918,
9,713,539 bales to December 1, 1917,
10,362,031 to the same date in 1916,
and 9,703,61% to the same date in 1015,
K‘ is be%!e'ved that this report wm‘
rther disclose the smallhess of the
yvield and that ginnings returns from |
then on will show up light, owing to
the rapid pickinl and ginning of the
erop during the last two months,
The governmefit's eérop estimate
will compare with 11,700,000 bales a
year ago, when the yield totaled
12,040,000 hales, exclusive of linters
—FOO pound sross weight balés. The
estimate two years ago twas 10,949,000
and 11,511,000 in 1916. The crop of
lint cotton in 191 7 totaled 1}’1,249.0001
bales and in 1916, 11,363,915 bhales, ‘
It generally is believed that the
estimute will confirm small crep
ideas. Even should the estimate be
11,600,000, it would be bullish, inas
much as exports this season will
greatly surpass last yeadr's outgo and
domestic consumption heavy, and that
the world is bare of both the raw
material and finished staple. The
world needs every hale of cotton the
United States grows this seasen. A
high estimate would be otfset, 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 Preducts
Company’s crop estimate by ytates:
Texas, 2,685,000.
Oklahoma, 531,000,
Arkansas, 838,000, 2
Louisiana, 274,000,
Georgia, 1,56580,000,
Alabama, 717,000.
Mississippi, 875,000,
North Carolina, 752,000.
South Cafoliga, 1,200,000.
Tennessee, 265,000,
Missouri, 85,000
Others, 176,000,
Total, 10,448,000,
R
THE WEATHER.
WASHINGTON, Dec. & —The outinok is
sot generally falr weather and rising tem
perature over practically all districts east
6f the Mississippl River aurmt the next
thirty-six hours.
Foreenst by States,
Georgia—FPartly cloudy tonight and
Friday; rising temperature,
North Carolina—Partly ecloudy tonight
and Friday; rising temperature,
Bouth Carolina—Partly cloudy tonight
and Friday; rising temperature in ghe
interior.
Florida—TFair tenight and Friday; ris
lni_trmpnramrn in extreme north portion.
xtreme Northwest Florida Alabama
and Mississippi—Partly :-,lom‘y tonight
tonight and Friday, rising temperature.
Tennessee—loudy tonight and Friday,
rising temperature,
Louisiana—Fair tonight nzd Friday;
warmer; light easterly winds on north
cohst.
JACKSONVILLE LIVE STOCK.
Hogs: Receipts light; prospects steady.
CHolcé heavy, 11.00@11.60; bulk, 11.50;
rough heavy, 10.00@10.50: lights, 10,009
10.50; heavy pigs, 9.00@10.00; light pigs,
9.60@10.00; range hogs, 6.00@9.0V; range
pigs, 4.00@6.00.
Cattle: Receipts light; prospects weak.
Steers, 4.50@8.00; bu'ls, 4,00?«,00; vear
lings, 3.50@5.50; cows, 4.00@ .bg; heifers,
4.60@6.50; veal calves, 9.00@12.00; ean
ners, 3.00 up—Willlamson and Dennis,
Deécember 3.
i
USUAL DIVIDEND.
“NEW YORK, Dec. 4.._The American
qieel I‘nunfiry Camp Any tedAy déclared
the quartéfly dividend of 75 cents a
share on the commfn stock and 1% on
~ the preferred. \
3 e
~ NEW YORK, Dec, 4—The cotton
market opehed unenanged to 29 pdints
higher on trade and Liverpool buy
llnat. At the end of the first fifteen
minutes the market was acdtive at a
net advanceé of 25 to 43 points, but
later the list réacted about 20 peints
under realizing.
The matrket lost the entire eatly
advance during the late forenoon on
increased realizing and smaller de
mand, due prgbahly to a private e¢rop
estimate of 10,900,000 bales, exclusive
of linters. The ¢oal situation and
pclitical news also invited pressure.
Stréength of the stock market, the
issuance of several bullish private
crop estimates and reports of stronkg
spots in the South, resulted in the
market halling sharply from the low
marks during the late trading.
At the ¢lose the market was steady,
85 points lower to 22 points higher
Bpot cotton was officially quoted
25 points lower at 891-2,
NEW YORK COTTON,
”—'_[ g o) t.iii']'“,-"’fiuT
Ogenmglhlqu | Sale c_lon_c,',clo-g_
Dec. [39.25129.50/39.00(39.00 scuo-xo!:«s.’ga
Jah. |30.91\!37‘]5!38‘60 36.94/3 .94-07‘36.11-14
L Mar. |34.80/34.97/34.30{24.60/34.60-65/34.64-59
May !33.95i33.07532.55 32.82132.78-82/32.75-79
July [31.84/31.95(31.45 31.66!31.60-65‘31.5540
Oct, 126.25(29.20/28.75/29.60) ...... |20.90
o e
, NEW ORLEANS COTTON.
| hr—‘( {Lw‘ Prev.
.. lopen|High|Low| Sale ] Close | Clusw
Dec. [39.50(39.51(38.06(29,20(28.30 [39.44
Jan. 137.08!37,R5|38.97!31.%7-37422-27137.83-13
Mar. 35.00!35.3(\’34.70}34. 5134492-”‘3;.93-02
May [33,15/33.35/38.90/23.10/33.07-15/33.10-19
July |31.85!32.13(1‘85131.00131.31-!0]31.88-"i
Qet laoal o] coalaniicßiigg iy
Closed steady.
LIVERPOOL COTTON,
LIVERPOOL, Dee. 4.—Bpot cotton:
United States spots bpened in good de- |
mand. Prices firm; sales 10,00 ales. |
American imiddling fair, 30.87; good mid
dling, 27.42; full middling, 26.48; middling,
25.52; low middling, 23.37; good ordinary,
20.92; ordinary, 19.92.
Futures opened steady.
| 1 | 2.00 | |Prev.
| |open|P. M.|Cl'se|Cl'se
December ..........24.50]....]25.01]24.52
| January ...........|23.92/24.18]24.14]23.96
' FeDruary, i..e5000..:]23.48] ....;23.50{23.36
March ; 5ee5e..]22.73/22.86/22.86]22.76
April ... iiioo 0 e 2038) ). 22 523 61
Moy ..1eeeceee5....|21.62[21.70(21.62|21.66
June ceeenesenaaenan] H «++.131.18]81.33
S e v e BO.BOE . IROUTIIRG B 0
August i............[20.20{20.23]20.11{20.20
Beptember u..nunune] 00l -e.|19.22/19.40
October .4..A.4....."15.80!..A,;1x.mfw.m
November | ISS TILDORL &y oid
Slosed eeeOity. L aegls o o
e |
AMERICAN EXCHANGE. 1
Followln: were the ruling prices on the
Anieritan Cotton and Grain Exchange, Inc.,
Thursday:
| | } 1 |Prev. |
... lOpeniHigh|Low|Close|Close
December ... ,!39.45’39461{39,00,39,50!:{950
January ...... .137.02 87.90136.96(37.10/37.05
Mareh .....:...)35.00/35.29/34.75/34.85/34.92
Mfly ceia5e55:(53.30(83.31(32.78(33.01(33.10
BY 11100385 4133.30:Z‘3,31 32.78|33:01/33.10
JUIY 4..i0i.....132.15(32.22131.76(31.83(31.80
il e ety ‘
~__SPOT COTTON.
Atlanta t’nmg;lrrc!ah‘ixchmn quetes
s g m ng, ‘
:.Niew 'lgaeans; middling, 40; sales 1,210,
ales. 2
New York, middling, 39.50,
Liverpool, middling, 27.424.
Savannah, middling, 40.
Augusta, middling, 39.
Houston, middling, 41%.
Norfolk, middlings 383%.
Boston, middling, 40%.
Philadeiphia, middling, 490. 5
Charleston, middling, 38%.
Wilmington, middling, 384.
Dallas, middling, 413%.
Memphis, middling, 40,
St. Louls, middiing, 40%.
Mobile, middling, 38%.
Montgomery, middling, 381,
Galveston, middling, 32 .
Little Rock, middling, 40%.
ATLANTA COTTON SEED PRODUCTS.
Description— Price |
Crude 011, basis prime ~..........519.28 I
Cotton seed meal cakes ......(not quq_ted)
Dotton weelk meAl. T . 0. sx.coveens e .:'2.00 ‘
Geotgia, common rate points ....... 71.00
Cotton seed hulls, looge ..........e. 13.00
Cotton seed hulls, sacked ....iviivi. 17.00
BB N B iit sisb b .08‘
SHRTIER. MO 8.. cviviforvschbogsr .03,
COTTON NOTES.
Liverpool cables were due 11 to 22 poeiits
lower. The market opened quiet at a de
cline of 4 to an advance of 5 points. At
mid-day the market was ntend{ at a net
advance of 2 to 22 points. Spot cotton in
gobd demand at 29 points advance. Mid
dling 25.52 d; sales 10,000; American 5,000;
imports 7,000, nohe American.
s ¥ '8
Hugh McElroy says: ‘“Bullg had befiome
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 groflt
taking Wodnesday by those who bought on
Monday, both of which aceoufit for the
reaction which has placed thé market in
a veiy healthy position for further ad
vance. As we liave alréady poititéa out
the holders of December longs intend to
take up notices as tendered nnr“thlrn is no
danger of any wéakening ih this position.
For the same reason the late months,
which are selling at such an enormous dis:
count, are a safe purchase.”
The Times-Picayune says: “What may
be preperly termed oytside Influences dorm=
inatéed the market Wednesday. These in
cluded the increasing seriousness of th:
coal situation with the anneuncement tha
bunker coal will be denied foreign vessels
after December 5. This action will, it is
feared, restriét exports temporarily and,
although this development would prove
bullish in Liverpcol, it would haye the c'#n
trary effect in Aftierican matkets, he
other depressing influences weére the fur
ther sod:ntlonal Prmk in foreign nchas.o.
particularly stetling, the refusal of Gers
many to sign the peace protecol and the
introduction of a resoluti?n in Congress
calling for the severance cos diplematic fe
lationg with Mexico.
“Aside from t?ese developments legiti
mate market faActors were sustalhing, par
tidularly the steadiness of Sbuthern a{)ot
‘markets, the un(lvorablg weather in the
West and conunu:d ooy exports.” .
.
Pearsall says: “Thus far this season Tt
a|{ 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 nnmunt of
American cotton this season as her mlllz
are shipping goods to many of her ol
markets and to new ones as well, while
the hom edemand is unnrmo‘s. Italy |
backing large orders for shipfeéents b‘
goods to Turkey, Sowth Ameriea and China.
At present Italy is deferring purchases of
cotton in this eduntry owing to the rates
of exchange.”
e ————— |
COTTON MARKET OPINTONS, |
Maury, Rogers and Auchificloss: “Wé
expect frequent rallies on account of ehort
covering, but look for lower prices even
tually.” |
>5 ¥ |
Bond, McEnany & Co.: “As T-nf‘nl cony
ditlons are not favorablé to bullish spkcti
jation the market is dependent upon tfade
demand for its sus(annnr‘e," |
. . |
K. M. Weld & Co.: “Weé think Wodl}::-‘
day's decline is a natural reaction aftef
the recent advapce and are inclined to ud-}
vise buying on the weak spots.'’
s 5 » |
J. W. Jay & Co.: “We anticipate a low
er market until the n‘ltun‘tion clears.” ‘
.
Hnbbard & Co.: “Bentimént in by
- no means a timistic of higher prices as
ltmu heen t case during the last few
" /
days. é
EXPANSION CANNOT GO ON
UNDER THEGOLD STANDARD
The National City Bank, in its monthly letter, states that the endlegs
cycle of wages and prices has cepme to an end; if the existing standard,
23.22 grains of gold to the dollar, is to measure values. The bank says:
“There will be ne revival of gold:
mining unless mining costs decline,
ro extension eof eperations, no ex
ploration or prospecting. Existing
mines which are rich enough to yield
a profit probably will be operated,
but predudtion will continue te di
minish. '
“The same influences which are
potent here are felt in all gold pro
oucing districts, In 1015 the gsm
production of the world amounted to
$470,000,000 and in 1918 to §380,000,-
000. In kome countries, however,
mining is done largely with native
labor, for which there is no strong
compétitive demand, and costs have
not risen so much ad in the United
States. MoreoVer, in sßome important
producing districts the producers are
now able to ueu their product at a
préemium over the eoinage rate, a& a
result of prevailing premiums on ex
change.
“The British government has re
lieved the mining companies of Scuth
Afriea from the chligation impored
upcn them during the war of eon=
signing their gold to 6 the Bank bf
England, and allows them to dispese
New York Stock Market
Market closed strong. ‘
Stock gales 1,079,100 shares.
Bond sales, $25,316,000. |
i Last {Prev.
BTOUKS— IlythjLow Bale ictou
Allia-Chalmers . . .| 43| 43 | 433 | 408
Am. Bhip. & Com. .| 28145 28 2915| 28
Am. Agricultural . gl'y. 9134 SU\ 92
Am. Beet Sugar ..| 94 !2% 4| 929
Ameriean Can . . .| 53%/| b 1 517 51
Am, Car Fary.:. . .[137%|1356 (1375 {lB4
Am, Gotton Oil . :| 19 lg Qt 4815
Am., Loco. .. : « | 91%] 93%| § t 93
Am. Smelting .. ..|B3%| 62%| 63 62%
Am. Bteel Found’s. .| 42 19| 42 §1
Am, Sugar Ref. . .|135%(1331%]135%|132%
Am. Tel. & Tel. i .| 99%| 89 | 99%4 giu
Am. Woolen .. .. .|127%{126% 127 {l2B
Arn, Tinseed .. . loaiiiboastogi it e
Atlantic G. &W, L[1744[173" |l7l 171
Am. Hide & Lea. .| 30 287%| 29%| 30%
do, pia .. .. JiE4 119 121%11233%
Am, Tobacco . . ..|250 {250 [250 |240
Am. Sumatra Tob. .| 92 8866 91% | 88%
American Tee . ;| diiolinecil siy ] S
Am. Writing Paper.| 53 53 b 3 53%
Am. Int. Corp. . .[109%!108 [109% 108
Alloy Steel .. .. .| 49%] 49%] 49%) ....
ANACONAR .. .+ os UEE BT 7% €7%
Atchison .. .. .. .| 86%| 847%| 85%| 84%
Atlantic Coast Line| 91 |9l | 917 | ...
Ajax Rubber . . .| 86 86 86 83
Baldwin Loco. .. .[/112%|1987,!1113%]108%
Baltimore & Ohio .| 33%| 32%| 33 32%
‘Boolh Flshi;\es .o] 12%1 12 12 ll&
Bethiehem Motors . 3334 | 32%] 334 32
: Boscl Mag... . . .[12414(122 [124%{120
' Bethlehem Steél B.) 947%, 92 947 913 |
Brook. Rap. Trans..| 163%] 15%/] 1563 | 156%
Butte Superior .. .| 24 23441 23%| 201
Cal, Petroleum . .| 45 441, 45 44
Cal. Pacßing . . .| 76 76 76 5%
Canadian Pacific . .[139 [138% 138%|138
Chesapeake & Ohio| 67 57 57 5614
Chicago & Northw..| ....| ....] ....] 8%
Coca-Cola . . g .| 39% | 38% | 3834 39
Cote Fel & 170 n|| se%c] 397 80| sR%
Chi.; Mil. & St, P. .| 3814} 37%/| 38 37%
‘c et ofd. .. .. .l b% 5314 52% g 4
Chino Copper . . .| 37% ] 6
Consol&dared R B; gg?&‘ 35}2 85%
Corn Products .. .| 82 81 821 ) 807
Columbia Graph. ..| 683%] 6714| 68 87 %
Crucible Steel . . .[215 (20131215 (2013
Cuban Cane Sugar .| 47%/{ 46 47Y%| 46%
% do. pfd.l.. oot o ages 20% O'A 2'
ast Iron Pipe . .
Centiy Leather . . 9522 94 gm 92%
Chilé Lopper . . . .| 18% 18%2 18% | 18%
Chanfller Motor . .[llß [1153¢/118 |ll4
Colu héa Gas .. .| 64 64 64 63%
Corré-deé-Pasco . .. bs%| 85% Eg% b 4 %
Continental Can . .| 91%] 913 i, 89
Endicott-Johnson .. /144 |142%|1438% 147%
Delaware & Hudaon| 95 94% ! 947%| 94
BN 0o bt TeREI RN
a 0 pra st L i Aol il
Fisk Rubber. . . .| slla| 4134] 4131 40%
Gen. Cigar Stores . 72%! 71 72 69
General Blectric . .} ...o) cooe) ~.4172
General Motors . .[343%(335% 344 |333
Goodrich Rubber ..| 80 78%| 80 79
Grt. Northern ptd. .[ 79%| 79%| 79%| 79%
Grt. Northern Ore .| 383| 3834 38%) 38
Grgat Western . .} ~::] o} zita] 8
Gulf States Steel .| 10%| 68%| 70%| 89%
Grhene-Cananesa . .| ....] ... o] 82
lisols Cemtral . .} ...l sl 18R
In&piration Gopper .| 50%| 48%] 50%/ 48
Sutherbere 00l L] o 8 e 1 414
Ind. Alcohol . . .]107%]100%{107%(100%
Int. Nickel . . . .| 22%/| 22%] 22%| 22%
Interntl, Harvester .[12915/128 [129%(127
Interntl. Paper . ..|] 71 89 71 BBy
Keystone Tire .. ..| 46 44%4) 16 45%
K. Springfield Tire. 134 {132 134 |l2Bl
!
U. S. Resumes
Heavy Trading
With Germany
WASHINGTON, Dec. 4.—Since the
signing of the armistice the United States
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 téh months of thé year
totalled $52,420,095 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 $80,000,-
000 and received imports from Gérmahy
valued at $1,085,000.
- Of the total American oxrxrts Ao Gers
many $20,663,521 were export in Octobar,
Officials of the department oga ?ommorcn
‘stated that, although Greft Britain af
parently has started off with & rusch in
the German trade, the Unitéd Btates is
‘ovorhaulin; her rapidly.
Exports frfom the United Btates to South
America amounted to $39,296,045 in Octo
ber against $17,431,621 a year ago. Ar{on
tina received $13,874,1564, or nearly thrée
times as much as in October, 1918. Brazil
at $12,279,000 received almost six times
as much as a year ago, while Chils, at
$3,149,293, decreased by about $1.000,000,
Imports from South Arierica to the
United States for October amouhted to
| $68,287,021, of which Arxt'nflnlt contrib
uted $23,773,398, Brazil $24,171,680 and
' Chile $3.818,281.
| Burope with a total of $407393,858 re«
‘cfl\'hd the largest amount of American ex
ports in Octobar, according to the raports
classification by grand division, Tmports
'were greatest from Asla, totalling sllß,-
828,211 for the month.
i WEATHER FORECAST.
‘
| Following s the weatlisf forscast for
the cotton belt during the hext twenty
{ four hours: <
| North Carolina—Part cloudy tonight and
I Friday, rising temperuatures, .
Bouth Carolina—Part cloudy tonight and
' Friday.
. Georgla—Part cloudy tonight and Friday,
\ riging temperatures,
Florida—Falr tonl(ht and ¥riday, rising
temperatures B nhorih.
. Alabama_and Mississippl—Part cloudy
tonight and Friday, rising températures.
' Louiglana—Tonight and Friday pa#ft
cleudy to cloudy,
| ArkAnsab - ’g‘nnitm and Friday unsettisd
| and warmer.
| Oklahoma—Tenight and Friday unset
tied and warmer.
l Bast Texas—Tonlght and ¥Friday unssi
tled, scattered showers, warmer,
West Texas--Tonight and Friday part
cloudy to cloudy, warmer.
of it a 8 they pleass, They are selling
it in the open market in London at a
premium of 15 to 20 per eent above
the oolna'ge rate to ‘g‘)urchaners who
have payments to make In the United
States and other countries with
whom exchange ig at a premiuft over
the pound sterling. This action was
taken for the purpose of helping to
maintain the industry:
“We will g¢t some additionß to our
gold stock through theseé shipments
while the exchanges ate in our favor,
but it will be very unwisé policy to
use them as the basis for Ffurther
credit eéxparsions. Sooner or later
the exchanges will turn against us
¢nd gold will have to go out. If,
when umt time comes, the foundstion
mist be taken sut from under a
fabric of eredits there will be a Ais
turbance of prices and of business
far more serious than will result
from holding expansion in e¢heck. It
must be keépt in mind that this ¢oun
try how has far more than itß normal
share of the world’s stotk of gold,
a‘nd gooner or later edonomic cm{’dh
t‘onq will brihg about a redistribu=
tion."”
’ | 'but Prev.
BTOCKS— High |Low | Bale |Close
Kan, Cig Soubhern:] o] i L] 1B
E:nun&'rexa‘l. i ssit et AN
ckawanna Steel .| 86%] 82 K63%| 84
geennecdu ve es o.) 29%] 287%] 29%| 28%
rhigh Val}sy voarel 48 AR TR 4%
MIBY. % Nashv. .| ... iooif 000.]208
ng&ll Motors ..] 37 |37| 37 36%
d. Pacific (new) .| 25 24%) 25 245
Mexiean Petroleum.|2o3% [195% (2031195
MEriße ... 1 . . .| 49%] 47 491, | 47%
do.cpfd.... i kased iAN
gmm opper . . .| 234| 231 23%| 2213
idvale Bteel . . .| 60%| 49%| 503 | 49%
Natlonal Conduit .| ....[ ....] ....] 10
luony mammiels ] .. o] oel] T 8
PER ARBREAN ¢.l ~ caol] s e 168
s ¥ Cefltfinl ia .1 70 |69 70 695
?N. H & H.. gs% 28%| 29 287%
atlotal Lead . . .| 8214] 8214( 8215] 82
W, eAN T e L e
Northern Pacific. .| 81%]| 8015| 801%6] 813
Nev. Con. Copper .| 156%| 15%| 15%| 14%
N. Y. Aitbrake . . .*110%'109 11015108
Okla. Pro. & Ry. .| 9%] 9%| 0% 9%
Ohio Citles Gas . .| 50%| 48%| 60% | 47%
Ped 0.0 % . N 18 21%
Punta Alegra Sugar| 92%| 91 927% | 89%
Pennsylvania . . .| 41%] 41%] 413 413
Pierce-Arrow . . .| 81%| 78%) 81 7
People’'s Gaß & o o] cooof sanil 4o 33
P. Steel Car . . .| 998 371] 99| 90%
Pittsburg Coal . . .| 61%| 61 | 61%| 61
Pullman Co. . . . .|115%11147%]115 |1314%
Pan-Am. Péte . . ./107%(101%(107% 1g
Pere Marquette . l vl oiidb il By,
Plerce Oil . . .o o) s.oif sadil 402 11%
Lav Consolidated .j 20%[ 203! 203;) 201
Wt ‘ 76541 78 | TR% 15%
®I& el o wmhgu 108151108
Rock Island . . . . 30% 2535 8515) 2514
Ry. Steel Springs . E 96 88 s
‘Royal Dutch (new)|lo23:l 89% 102% 8514
Stromberg Carb, ..} 1.1'% 8% 78 78
Sears-Roebuck . & = i:0 ) asvi] 230 t 2161
Sloss-Sheftield ;: :| tAi| 7ii| 74 {3
Southern Paeific . . fiu g“t 33 ‘g’,é
Southern Ralleay . 835 23| 20ng
agi P vy Bl .03 gs
‘Studebaker yot 110"; 10R% 110111081
gt. LEE NN 13%] 15%:] 16%
ipelsir O 2 o o o] 4T 210 U 4T25| 46%
Stutz Motors . . .(114%|114%1183c/1104
Saxon Motors . . .| 13%1 13%] 13% | 18%
ook I s s bl UIR
fwift & Co. .. . sesl voia . |Usl,x,
da; pfd. .+ : ] 36%| 36%) A%MI ..
Mob. Products ...| 87 81% snu_,’ 2015
‘enn. !“n‘bn\-r T ’ sl s | Ingg
Aot ST, o laaklasi Medjese
Texas Pacific . . .| 43%| 42 | 4214] 41
United Fruit . . . [201%200%{200% {2OO
Union Pacific 5 11244
1. Food Products oW TTL T TB%
. B é{ubber o 1283610 22N 1102
v, 8 Bteal . . . .jro4sijrosiipeialiay
0. Retall Stores # X 8 HO % SB4
Utah Copper . . 73%| T % 7::1,[ 1%
Va:-C. Chemical . . 35 643 65 6314
wabash pfd, A . .| 28%| 24! 243%]| 24%
Western Union . .| 89 'ss%' ol
a;lll"a-Overlund . -] 30y 29%/| 30 295
DOIWERE : . . ] ol il G IS
Weastinghouse . . .| 53%/| 6214] 63 B
White Motors . . .| 87 66%| 66%| 65
Wilson {’acking Co.| 79 761%| 79 5%
Wthington P. &M| ....| ....| ....] 85%
_____,____,__36l“ss- ;
U. 8, Lib, 3%s . .[99.78 ‘3.70-99,70,:”.70
do. Ist 4s . . .|93.98 samm.n'sx‘xn;
B 0 20 0. s 02.2091.«0‘92.2091.78‘
A 5 30 WM . o) el aei ....'94.00
do. 18t 4%s . .|92.70/92.2092.70192.10
dn. 24 4%s . .i 194.40 94."2«94.40t94.02‘
do. Ath 4%s . |[92.80192%0/02 50192 2
do, Bth 4%s . .{99.20/99.20/99 ?0‘99 00
do. Bth 3%5. .199.02199.00(99.02/99.98¢
Roads’ October
Net Profits ‘
|
|
$11,000,000
y ’ |
- \
Railroads under fedéral control made a
net profit of $11,000,000 in October, al
though estimated figurgs showed only $2,-
000,000, the railread administration an
nouneces in a praliminary report. |
This $9,000,000 Aiscrepancy, the admin
istration explained, wag due to the rein
statemént of per dfem chargés on freight
cars ahd the coal strike which caused
coal traffic to be held in transit, and
earnings from these sources will be in
tiuded in ths Novemnbef totals.
Thé net operating income for the month
was about $86,000,000, but due to the
eaufes mentioned in the répert, the in
come amounted to only $77,000,000. Op
eratin éxpenses Were abnormally large be.
cause of the extraordinary shifting of
open top eguipment in ordér to furnish
the maximum number of coal cars, and to
iarge expenditures for maintenance of
equipment which was in r}end of r:‘,[l»alr on
account of the strikes of shopmen.
For the tén months of this year the
railroads have shown a net loss of $269,-
768,158, but since July net gains have been
reported.
Freight and passenger traffic showed an
increase over October, 1018,
| IFERTII.IZER MATERIALS.'
(Corrected by Harry Cohen—U, 8. Admin
| istrator License (-27360.)
‘klmuu of m0dR,......100 Ibs. 2.85 @ 2.90
{ gu!urax Ly TGS L e T 292
es ine LTt one 5.2
tßulphat anWnonia, spot .. * 600
* BRIOBAENE g 4 o 0 ¥ 800
Dried blood. Naw York. “ 7.26
Yelt high gran fin rd.. " 7.850
O B OBlfagh . N U
Tankage—
-2.0 B N Yofs.... = 19 10,00
PO B Chicugn ....o¢ ™ 100 10.00
Bulphur, Commercial—
CRHOtS ...itiiviacennes ® 180 1.90
BABE . iisicevsriincsvee & 319 2.20
BB it ibiniecsiin ® 200 2.20
PHOSPHATHS,
Bteamed bone, ton, 3-50 p. c. 44.00
acld phosphates. . .....ton 17.50 cep
feund bone, raw...... ' 054.00
PROSDRALe 10CK ivosessne Nominal .
Flofida mgk .l’mda ghu
phate rock. ¥, 0. 8.... * Nominal
| POTASH. " |
Double Manurs Ralt— \ |
80-85 p, c. basis 80 p. o
Whp—— i
tDelivered bags, New York |
| SR,
NEW YORK, Dée. f.-—After ah irs
regular opening today the stoek mar
ket developed strength with some is
sues making upturns of from frac
tions to nearly 3 points.
Steel common after yielding to
102 1-4 quickly recovered to 103. Cru=
cible Steel from 201 3-4 rose to
202 1-2 and Republie Steel rose nearly
a point to 104 3-4. ‘
Pierge-Arrow advanced to 2 3-4 to
72 3-4. CGeneral Motors rose 2 1-2 to
386 3-4; White Motors 1 1-2 to 66 1-2;
Marine Common one point to 47 8-4;
Atlantic Gulf 1 point to 173; Pan-
American Petroleum 1 5-8 to 103 3-4;
Mexiean Pétroleumn 1 point to 198;
Texag Company 1 1-2 to 286 1-8 am‘
Royal Dutch to 100 1-2.
Union Pacific dropped 1 1-8 to 3
while, the other raills gaihed frae
tionally.
In the late forenoon miahy issued
were strong. while several speciaities
dlsplayed weakne#s. Bethlehem Steel
B, rose nearly 4 points to 92 3-4;
Steel common, to 103 8-8; Crucible,
to 206; Pierce-Arrow, to 89 3-4; Ma
rine preferred, to 166 1-%; Marine
common, to 48 8-4. American Hide
and Leather prefer®ed dropped b
roints to 119. The oil and copper
chares were quite and fractionally
higher.
Most of the leading issues elosed at
practically the best of the day. Ciru
cible Steel advaneed 13 points to 215
Stee: common, 2 points, to a closing
of 104 3-8; Industrial Aléehol to
107 1-2; denéral Motors, 11 points,
to 344 3-8; Pierce-Arrow, 38 1-2, to
80 1-2 The eoppers and ralls Were
gpiet. Marine common was finally
49 1-8; Southern Pacific. 95 1:8; Utah
Copper, 75; Studebaker, 110 1-8;
United States Rubber, 128 7-8, ana
Tobacco Produects, 88 1-2,
The stock market closed atron%:
government bonds unchahged; rail
way and other bonds strong.
FINANCIAL BUREAU ON STOCRS,
NEW YORK, Dec. 4.—Attention is called
to the indifference of the market to dis
quieting hews devélopment# Speéculators,
however, ar®é inclinéed to fivq heed to re
ports that a further liguldation must be
accomplished, It is claimed in some cir
rles that the &tbck market will improve
wilh easior monetary conditions, A large
amount of money was left unloahog ye!lterA
day, although offerings were made helow
6 per cent rate, It is asserted by friends
of petroleum stocks that in sothe chases
they have been quoted materinlly below
actual prices at which largé transactiohs
have been made. It still is yumored that
another payment fs soon to be made on
Marine prefetred on account of accumu
lated dividends
FINANCIAL NEWS:
A léading stock market autherity says:
“My information 1§ that Gulf States Stedl,
gelling about sbventy, {8 in for a substan
tinl advance. Three years ago thé stock
sohllkm 196, h’l‘he .;loory 1 gct‘ is thatkthere
is likely to he n point rise gquick a
that a big Westetn stesl cbm;fin‘y w’l\fl
tako over Gulls States Steel. It loo¥l like
a safe, good buy at present figures.
NP
In a létter to stockholders under date
November 29 the Boone Oil Company re
ports as of November 1 total capital as
sets $7,5685,465 and total liabilities $3,119,-
000 of the total capital assets $6,480,465 is
represented by lands, royalties, 1934“ and
etbcks of subsidigty companies at matket
prices and $1,105,000 re{;r"ennu bills re
ceivable. The report estimates 'net earn-
Ings for year endihg Noember 11, 1919,
on basis of currént receipts and espedxi
at $187,000 Duting the eorfllz’n: t%u e
letter states production wil inereased
by drilling and increased storage facilities
in Clairbourne Parish, La., where the lease
of the company and subsidiaries compriss
a holaing of 2,600 acres. Drllling :f to be
continued algo in the Bull Bayou district,
where a well has recentlr been braught in.
It is suggested as possible that drilling on
the company’'s Coldmbian Eropeny of 70,-
000 scres will be undertaken as soon as
transpertation facilities become avaliable.
Strength and activity in Endicott-John
son is largely due to persistent active in
vestment absorption based on nortgoun
earnings ahd with rumors of a hl;h‘r Ivi
dend rate, to say nothing of the efficiency
maintained due to the profit plan of the
company. It I 8 reported that tha cnmpf‘ny
in the latter part of the cur year has
been réjecting orders, it bliln: stated that
there i 3 a demand of 30 per cent above
production capacity. The company has
branched out into retail stores rnd profits
are urderstood to have been large frof
this source,
STOCK MARKET OPINIONS,
Clark, Childs & Co.: “The ntoey mnrku‘
is not ready for a resumption of genera
bullish eperations, Technieal conditiond
affecting the market itself suggest ‘mttar
things momentarily, but With qualitying
reservation that for m?re thin a day or
two It is impossiblé to lay n Bafé specula
tive course, On any strength coppers seem
a safe sale; oil stocks appear to ?\nw‘a sus
tained their liquidation. Méxican isgues
are not attractive."”
38N
F. B, Kerr & Co.: "Whi;\o wg bélieve
the severity of liguidatioh Hhas 30!\ tl?-
complished, we still believe it inadviea {o
to buy except moderately, carefully select
ing issues for turns.”
.99
Chandler Bros: ‘‘More than seventy-five
I. W. W. men have covertly a«seared in
Tonapah during the past month an? #ra
socretly spreading their rginm\bhl nflu
ence. England greatly needs silver to re
plenish the Indla reserve, (:hula u?‘reg
several milllon mmrag‘ of Rilyer o{(; iz
hér money value, he outlook for con
tihued urgenl. demand for silver seems un
qul“f“ibmt‘“ There is stil ry |
Avingston: ‘‘There s veé ar
short interest in murke! um‘ thl d-m&'\
is whether the news will be auch& nature
a 6 to foree coveriag, All Syes on lnzn?r
ton., We dvise & walting attitude a ¢
moment.”
CHICAGO LIVE STOCK.
(By U, 8. Burean of Markets.)
CHICAGO, Dec. 4.-~Receipts §3,000;
market fairly active, 20?25 lower. Bulk
13,786 14.20; top 14.26; N l"'gl&ht 13, ‘I
Gl4O, medin . wolght 13 86 14.35;
nthoelght 1‘150.(1‘4.10; Jignt pi H:g
@14.00; heavy packing sows oot A
@13.60; pnrkffl‘ sows, rough .H.8%Q11.“:
pigs 13.00@ 18.75.
Cattle: Receipts 15,000; market steady
to 26 higher. e
Beef steers, cholce and prims 18.25@
20.76; medium and good 10.75@ 18.26,,
good and choice Iluhlwelq’hts 13,660
20.28; common and mediun 1£ ?11.01.
Butcher cattel: He&fi'rl‘fi,io 16.00; cows
6.40@13.85; bulls 8.75@11.28,
C'anners and cuttérs: (‘»annfi stéers
5.76@7,75; veal calves (light afid handy
weight) 16.60@17.60; feeder steers 7.008
12.60; stocker steers s‘nogw*xs; stockar
cows and heifers 6.00@7.16; stocker
calves 7.75@11.25.
Western range cattle: Beef steers 10.76
@14.76; cows and helfers 12.50&“14‘15.
Sheep: Roceipts 22,000; market steady
to 26 lower; lambs Au pounds duwrg’
14.50@18.50; culls an r-omg\on 10,00
14.26; Yearling wflSwrn 11.250014.75; Q!
7A@ 0,50 ewes, culls And gnmmoh L) g
7.06; bresding éwes 7.00@11.28; fesd
lambs 12,00 @ 14.50,
CHICAGO CASH GRAIN,
g'!II('Af%H.NDM". 4‘,‘-~»"a;l13:.‘f":).rn. Nn.fi
white, 1.4%; No. hite, 1. y ; No.
yellow, 1411 i 8: No. 4nyr:lln#. I.‘(&'\.! j
Oats, No 1 white, 818 ;“% 2 vmol
801 @Bl% ; No. 3 white, 77 %; No.
white, 76%.
METAL MARKET,
NEW YORK, Dec. 4.~ Metnl priess: Cop
per firm; ;‘;ot and December offered 1884 ;
.fmyn:nry, bruary AnA March, 187% -
ered,
Lead fitm, Bpot ahd December, 8. %
d” g.‘l.fis: S‘A‘\‘uuuy, &Nbrutry. m»a., ln
Bpelter steady. Spot and December,
8.2008.50; January, February and March,
8 Q%-
CRASH IN FOREIGN EXCHANGE
BULLISH CARD IN WALL ST.
By BROADAN WALL.
NEW YORK, Dée. 4—Foreign exchanges collapsed vesterday to new
reéords 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 departmeft and with the
final prices about the best of the day in many igsues. A short interest of
importance exists in speculative issues and investment issies are being
' bought freely under the influence of cheap money for renewals yesterday
- were 6 pef eiit 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 cottoh sold at 40 cents a pound. This is the highestt price
sineé the Civil War, >
Sterling broke to 8.87% ahd franes,
to 10.32. Buch figures have not been
geen ih a ecehtury and they are bull=
ish. on the stock mafrket because
they mean that theré is no present
hope wf exporting commodities to
Europe from this country. There
fore, the warelioures that are gorged
vith esmmedities speculatively held
for foreign account must be cleaned
out. Thefé Is a home demand far ih
extess 6f any possibility of being
satisfied by these warehoused goods
or by all that can be manufactured.
But the release of all these gobds will
tend to reduce prices and further
more it will reduce the rate of in
terest ;nd cut down Joans so that
the FPadefal Reserve Banks in all
parts of thé country will be able te
make a better shiowing of reserves.
The bank reserves are too low now
to be comfottable, but with certainty
that they are to be wuroved money
| will remain easy. ne stoek mar
ket has therefore only to look for
ward to about three weeks of nerv
ousness in the money markeét and
then the January 1 disbursements
will all bé financed ard there will
be funds: eénough for all_the trading
the people want to do [n the stock
market.
Reéports that the Corn Produets
Company may close down several
factcries for lack of fuel did not
ctartle the street, for whatever bear
ishness there was in this was coun
teracted by the bullishness in the
sweets tharkal. There will be a&n
abundahce of sugar in January and
February, bul at sueh high prices
that syrups manufactured by the
Corn Products Company will be in
urgent demand. In fact, the coal
striké Itself has lost its Infiuence as
a market factor, for reports from
Pittsburg yesterday stated that thas
fieh were returning to work in sur
prising!y lakge numbers, com;hry to
‘the wishes of the ufioh wofficials.
They can Ao this beeause the uiions
are enjolhed from ecalling a strike
and can not digcipline the men if they
violate the nation wide secret under
standing that seems to have been
entered inte in regard to the matter.
There has been very good selling of
marine stocks the lasgt few days,
President Wilsoh's reeomdmvndatlon
that good roads be extertded through
out the country had the effect of
putting Barreté up six points most
of which it heid to the cloge. Aniliné
was also strong as a result of his
plead sos ald for the chemical com=-
panies. His road talk was, of course,
llrfély instrumental in llflhq the
motor, road and oil stocks their up
ward movements. Texas 01l was the
strongest of all the petroleum issues,
being one time 10% points above
Tuesday’'s close. Of this advance, 9
points wae held to the end of the day.
The report of the s‘-,cremr{ of the
treasury gave the bears a little com
fcrt because it conveyed the idea that
the government would not participate
in any movement to stabilize inter
netional exchanges. \
While the railroad stocks dfd not
advatice, the buying {h thexg’l wasl
rond, and stocks like Unloh eifie,
Pernsylvania, Bt. Paul, Southern Pa
cific, New Y%rk Cent{al find Great
Northern ate béing well taken oh the
theory that the govefnment program
in eonnection with the return of the
reads to private ownership will be a
véry liberal ohe
NEW YORK CURB STOCKS,
The market opénéd qtead{ and _closed
rAlntnA b ™ ().peh g, mosl;z..
e a )
A-Anmh. ({:l ao%g 814 MS sm‘
Parhett Ol ....... %!3-10 % @3-1
Consol. n}p. o A%E g%@ B%
Cosden Of] .... 9%@ 9% mov LA
Houn(‘gn oil ...170 @175 110 1;5
Ind, Pipe ..... 91 @9§ 1 @ 9
{nter. PR .. gb @56 Th@ 8%
i Val. Coal .. B% @ 90 89 93
Magmn hisiae 80 O%R 30 ?40 (
nfebnl ...... B @ 8% 8% %
Merritt Of! .81 gll 1 @2¥
Midw. Ofl ~.,. 1 I‘!‘ L
Midwest Ref. ..159 @lB 109 182
N. Amn. Pulp .. %@ 3% 3!§ 3%
Ohio O ... . .360 g‘u 284 3"
Prairie 01l ; .276 690 686 @7OO
Bubm’'he Boat . 15%@ 10% 14 17
8 O Now Y0rk.428 ‘@il g @4if
g. 0. N. J!my,;of gl2 1 718
.O, CAlifernia, 293 81 294 s:u |
80, ¥ldiana.,74s %eo .:s 2780
Union Tahk . .124 128 128 128
Vietoria 01l .+ .1 ‘i 1% 1%
Nlpx-wt £:.3 122*@ If{ gm 13
n ve. Ol 1 5-18@1 1-16 1v& il-i8
las Rogk oil .Rn 3% 8 %
.O, & Trans, . 6 g% 6% g&\
Mén'i"‘h Oil.. 43 1 A i ‘
Y, St'ship. . 4% 4 3}: 4%‘
Bapulpa, :. . . sa 6% 8%
Car Light ++ . 3 1% 3%3 3%
RN | e 20 2 |
MONEY AND BXCHANGE. |
NEW YOR#. [jnmu‘l.—l‘lu motipy on the
tioor of kha ew Yotk SBtock Exchange to
day ruldd at 8 per cént. High, B per cent;
k»w. 6 p:f cent. Timg money was firm,
ates: ixty days, 7% per cant; ninety
days, In per cent; four months, 7% per
cent; flve months, 7% per cent; bix
m%!“hl. 15? {wr cent :
, he morket for prime mercantile paper
was ftronk. Oall money In Lendon today
was 2% per cont,
Bterling exehange was stoady with husl
nes sin bansers' bills at 0.89% for demand. I
134 PEACHTREE ARCADE
Business Announcements : Commercial
Stationery : Club Announcements
Lodgé or Emblem Cards
Wobb & Vary comm. ine.
Prioters, Engravers i ;]
!SECURITIES SALES COIi
INVESTMENT SECURITIES
PHONE Direct wire so our New York Correspondent GRANT BLDG
1vv2200 Hayden, Stone & Compan( ATLANTA (€
g <
— e e »
CHICAGO, De¢. 4—Corn was 1-2
lower to 5-8 higher at thé 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. Arter the start there were of
ferings by a local professional. Trade
vas siow,
Provisions started steady to 10e
higher with limited offerings and
scattered buying,
Corn closed 1-8 of a cént lower to
1 7-8 cents higher.
Oats closed 1-8 to 1-2 of a cent
higher,
Provisiong closed irregular. i
~Grain quotations;
’ Prev.
7 Open ‘ High ll Low | Close '(.‘,{:;a
Lein | I -.—-—‘-—
Dee. 1.39!«", 1.4034‘ 1.38%| 1.39%/| 1.40
May 1.33 1.34%/| 1.21%| 1.34%] 1.38
Jan. 1.3&!»'.] 1.37%’ 1.35 * 1.36 14/ 1.36
July 133 | 1.84 | 1.31% 1.331/,‘ 1.32%
x::nnl "m“ 77\/.’ s|g' 6":
¢, 7 761 7 76
May 78\4’ 79581 7w,, 7932! 7&2"
ayy § Teu| ux‘ Tax| 5% 765'2'
Yor
Jan. [35.00 [35.8% [35.00 [35,25 ‘25,15
Mag _|84.00 (34,10 [33.85 (3390 |34.05
Lard | |
Jan, ‘ER.M ‘env‘m 123.50 f~3.55 lzz.so
Mpy 126.75 |23.80 |23.87 (23.60 [23.65
Ribs | J | {
Jan. [18.90 ]n.so 1887 [12.87 [IB.BO
Ti e e
ST, LOUIR LIVE STOCK MARKET.
BT. LOUVIS, Des 4.—Cattie: Reégeipts,
7,000, Mnarket, prospects lower. &atl\'fl
beef steers; 15.80@16.25; grarnng beet
steers and heifers, 14.00@15.00; cows, 10.25
@11.60; stockerz and feedeérs, 10.09@11.25;
calve®, 14.50@15.50; fair t 6 prime yearling
beef steers, 9.00@14.00; beef cows and
heifers, 6.50@8.00; Southeérn prime yearl
ing steers and heifers, 6.50@8.00; cannérs,
5.50@6.50.
Hogs: Receipts, 18,500, Market, steady
to lower. Niikxed and butehers, 13.90@14.45;
good, 14.35@14.45; rough, 11.75@12.75;
lights, 13.90614.26; pigs, 12.09813.00;
bulk, 14.10@14.35,
Sheep: Receipts, §5,000. Market, steady,
Ewes, 5.00@8.26; canners und choppers,
5.00@6.00; lambs, 15.50@ 18.26.
Treat the Kidneys and Blood
When Treating the Liver and
Frequent Purgatives Will Be
Unnecessary.
Dr. Hitchecock's Liver, Kidney &
Blood Powders Cleanse the
Liver, Regulate the Kidneys
and Thereby Purifying the
Blood. Keeps Your Tripod of
Health in Balance.
A Vegetable Compound. Will
Not Make You Bick. Bat Any.
thing You Like,
The Liver, Kidneys and Blood—the
Tripod of Health—do not function
independently, but if one becomes
digordered, they all three suffer,
Doctor Hitehcock's Liver, Kidney
and Blood PoWders, a purely vege
tablé dompound that will ot make
you slek, will eleanse the liver, stim
ulate” the kidneys to healthy actioeh,
thus purifying the bleod, and kéeping
your Tripod of Heulth] in balance,
When you treat the liver alone, you
only treat a third of yeur trouble.
When bilious, constipated, headachy,
feel blue and rhouxfiutlv. get a large
tin box of Doctor Hit¢hecock’s Liver,
Kidney and Blood Powders for 25
cents, take a level teaspoonful at
night and it will stralghten you out
by morning. Guaranteed to please ér
money refunded.—Adv.
wall Board
Asl for frea Desaiptive
led t &Glass C
C‘i:Z, ilofil]:?:nyth S;.
1 e
ORNE DESK
& FIXTURE CO.
93 N. Pryer Bt. Phone Ivy 1158
DESKS, CHAIRS,
FlLlNg DEVICES.
Large Btock. Low Prices: