Newspaper Page Text
Cotton Rebounds From Low Levels on Short Covering and Trade House Buying --Stocks Move Upward Following Reaction
EXPORTS PASS 4,000,000 BALES;
SPOT HOLDERS STANDING PAT
Atlanta bank clearings Tuesday ... ... ..........$8,759,123.33
Same day'last WOBE L it as aara gt RBES SCE RN
\
Increase ers e s eey A AOO 207579810
Same day B wmeelt. .. i, LGI it oL Sot 896,31
Same QRS . L si s RRIES IS T 4
* - =
Atlanta spot cottentTuesday. . ... .. ... ......ocacaiee.vae..Bßßoc)
Sama QU BIEWERK ... L .e i o SUENe
BEING ARV DI VOBE i i it Rii e e ar iOO
NS I o e TR R B Y
*Houiday.
e e v
By VICTOR BARRON !
',The cotton market displayed a weak undertone at the opening Tuesday
as ,"he result of weakness in securities, lower foreign exchange and the
threatened strike.of railway maintenamee of way gnployees. Better Liver-
ST pool cables than due, inflexible attitude of Southern spot
" {f»’?;figg 2 holders and further rains in the belt were ignored. At
.’";_’);,éj‘g the openimg futures at New York were sto 10 points
g"w“fi"'&*{é lower. Immediately after the call a small rally ensued,
3%5}%; which, hosvever, was quickly followed by heavy, selling
£ o-W by Wall Street, commission houses and ri ofession
f’é’&é‘f"%fia.}» y Sttreet, commission houses and ring proses
b e o R ais.
L o Y Under rthis pressure the market reacted more than
;N?/vqh 40 points met on active options before the end of the
§s~<>’f"* first hour's trading, and 15 to 26 points on distant
? months. Miarch dropped to/34.54, May 32.23, July 30.45
{&§;*> and@ October 28.46: Values. at New Orleans broke 30 to
%‘%’6"“;&? 2% points. - During the extreme forenoon the market
5* g &8 scored a healthy rally from the bottom levels on sud-
R b den strength in securities, with shorts, Liverpool and
étv "\ the trade absorbing contracts. March rebounded to
sxgfig | 2 478, May 3252 and uly 30.57. This period of rallying
ig&g&% % 8 ower was based chieffy on announcément that Presi
kN 0, Yo dent Wilson ‘will accept Sengtor Hitcheock’s compro
o ’ * mise on Article X, and ‘a report that several representa
tives of well-kmown German houses have arrived in Mexico recently from
Germany to buy cotton and wool to be seat to Europe. The Germans state
that the large mills throughout Western ‘Germany, which have been lying
idle during the twar, have resumed work, but lack raw material.. Another
stimulating item s that certificated stock’in New York is only 12,000 bales,
and it was said thatzthis amount will besreduced to 10,000 bales during the
day.
The market rallied further duringl
the late trading om the break in |
call money to 6 per cent and cover-i
ing of shorts. The sensatiomal crash
in leading stocks, however, affset, to,
a considerable extent, the easier rul
ing of money. Final prices at New |
York were 20 to 26 points under:
Monday's close.
Atlanta spot cotton was officially
quoted 20 points lower at 38.80 cents.
New Yor kspots broke 2§ points
“to 37 3-4,
Exports for the day totaled forel
than 18,000. |
While the threatened! strike-of rail
way workers has createdsan unsettted.
feeling among trades, such, should it
occur, would be a bullish factor, in |
that a tie-up of transpertation facil
ities wonld seriously intexrupt mowve
ment of cotton from interfior poliints to
Northern and Eastern mitls, and fur
ther curtail stocks at New York.
However, the bearish element is
uhing the railway labor situation as{
tongs to pick up some cheap cottom. |
While there is little spot businessl
being done, spinners unwilling to
buy, Semthern spot holdens continue
indifferent to the decline in futures
and as long as holders of the unsold
portion of the crop remain stubborn,
there seems little chance for the bears.
to hammer cotton much lower.
Exports Montlay totaled 18,284
bales; bringing the njmber of bales
shipped so far since Saturday up to
, 66,227 bales, and 4,028,754 bales since
SECURITIES SALES CO.
INVESTMENT SECURITIES
PHONE ! Direct wire'to our New York Correspondent: GRANT BLDG
1Wv2200 Hayden, Stone & Company ATLANTA
Members of New York Stock Exchande. ;
Attractive Investment
Offerings
’ ’ I \HE FEeBRrRUARY Issuk of In
vestment Recommendations, pub
lished by our Bonp DEPARTMENT,
contains a diversified list of bonds,
notes, and preferred stocks, yield
ing attractive returhs. We shall
be pleased to send this booklet on
request, and to give you statistical
and other information regdrding in
vestments, with particular reference
to your individual requirements,
Guaranty Trust Company
of New York
New York London Liverpool Paris Havre Brussels
Capital and Surplus - - $50,000,000
Resources more than - $800,000,000
Campbell M. Krenson,
Correspondent
Room 219 Atlanta National Bank Bldg.
Telephone, Main 693
THE GEORGIAN'S PAGE OF MARKETS AND FINANCIALNEWS]
{the beginning of the season. Noth
‘ing further was heard of England
re-exporting cotton to this country.
If any is re-exported, it will be a
mere drop in the bucket, probably
not more than 10,000 bales, which, ac
cording to an authority, is less than
the average daily delivery from the
leading Southern ports.
The census report on supply and
distribution of cotton during January
will be issued probably Saturday, and
will make a bullish shewing, com
pared with a month ago and in Jan
uary a year ago, when 556,721 bales
were consumed by domestic mills in
‘January, 1918, and 511,585 bales in
January last. Exports for the month
are expected to be in the neighbor
‘hood of 1,000,000 bales.
CHICAGO LIVE STOCK.
Hogs: Receipts, 28,000; market, strong;
bulk, 14.40@15.19; top, 15.20; heavvweight,
14.25@14.75; medium weight, 14.50@15.00;
light welght. 14.50@15.20; light lights,
14.25@15:00; heavy packing sows, smooth,
13.50@14.00; packing sows, rough, 13.00@
1350; pigs, 12.25@14.25.
Cattle: Receipts, 15,000; market, gen
ternlly steady; b?ef steers, medium and
heivyweight, 15.00@17.00; choice and
prime, 15.00@17.00; medium and good,
' 1.00@15.60; good and cho ce, 12.00@16.00;
rcommon and medium, 8.50@12.00; butcher
cattle, heifers, 6,50%12.50; cows, 6.50@
11.25; bulk, 7.00@11.00; canners and cut
ters, cows and heifers, 5.25@6.50; canner
steers, 6.25@7.75; veal calves (light and
haadyweight), 16.25@17.50; feeder steers.
7.85@11.75; stocker steers, 7.00@1%50:
stocker cowa and heifers, 6.75@9.00;
stocker ealves, 7.75@11.00.
. M |
| |
e |
NEW YORK, Feb. 10.—Ignoring!
steady cables, the cotton market|
opened 2 to 10 points lower today,
as the result of local selling influ-‘
enced by strike news, weakness in
securities and lower rates in foreign
exchange.
The South was a seller and soon.
after the start prices suffered addi
tional 1 sses, the list being carried
15 w &5 points under last night's
close May sold at 32.30.° The buy
irg vas scattered.
At tte end of the first twenty min
utes the undertone was steadier with
Guotations up about 10 points from
the bcttom,
A further selling wave appeared
during the forenoon, depreasing tho
market 15 to 45 points under Mon
day’s close, March dropping to 34.54
and May to 32.23. During the ex
treme forenoon shorts covered,
which together with buying by Liver
pool and trade houses lifted the list
sharply. from the bottom marks,
March rallying to 34.78 and May to
32.02.
The market showed a stedier under
tone during the afternoon, with shorts
covering freely. REasier money rates
and a general helief in banking cir
cles that there would be gradval im
privement in the money market sit
uation over a period of a few weeks,
helped the market. .
At the close the market was steady
at a net decline of 20 to 36 points.
Spot cotton was officlally quoted 25
points lower at 37 3-4 cents.
. NEW XORK OCOTTON. . ...
| | ; {Last’ IPrev.
___|Open|High| Low Sale} Close Close
Mar. [25.00/235.05/34.43124.73124.70-73134.99
May 1R?.GD’.’.:’,G0F.‘t2.03’32.50:32.38-!{!‘;&2.65-70'
July [30.5;130 67130.12(30.38(30.35-42130.71-77 |
Oct. 128.60/28.70128.55]28.56!28.50-55P28.70-73 §
Dec. [28.10128.13/97.00/27.90/28.00 ’
Jan. [28.00/28.00/28.00/28.00/27.75 eeviei
Closed steady.
: NEW ORLEANS COTTON. i
: | | TTast| EPrev.
‘ |Open|High| Low/| Salel Close ¥Closes
Mar. [35.80{35.86135.52135.52|35.52-64185.90
‘May ‘.1?.425!?.:;.::-:,!33.02!33.03!33405.1(\ 234142
' July 131.30131.36/31.08]31.12{31.10-13 831. 45-40
Oct. 128.70/28.76/28.45/28.52(28.45 28.9/4-85
Dec. ’27'93:28‘]0‘27‘82’27'9“?7'“ 28.99
".’;"P'._],;;;_:J;;'i';-l _2_7_‘s_.- R i
Closed steady
AMERICAN EXCHANGE,
Following were the ruling pricess on the
American Cotton and Grain E:ochange,
Inc. Tuesday: e A
Prev.
foven"fl@'fliwic«_o-g'cmm
Warch . o, fis‘.éb‘if{oolus 34.¥5/34.95
May .. .. .. |32.590/32.59(32.10{32.128/32.63
Iy o .‘lno.sslno.fi)so.]. 30.36/30.68
Oovy it tzs.ss 28.64/28.45{|28 5528 68
Dec. .. .. .. .. 128:10/28.10{27:90/28306/28.15
LIVERPOOL COTTOIN.
LIVERPOOIL, Feb. ¥O.-—Spots
opened in increaséd demanid, iprices
steady. Sales 10,000 bales. )
American middling fair 3347 good
middliing 30.47; fully middling! 29.47;
middling 28.22; low 25.42; g«fil ordi
nary 22.47; ordinary 21.47.
' Futures opened steady. 5
| b S PRev.
s._____l_qg';_nli’-_&'l_é'_'-n’cme
February .. .. .. [26.72].....]20;.66/26.58
MIRYCE . oo .. .. [296.30).....190, 40188 43
BIME 0 oo vl ei Tnaaite e[N BOIRE 94
May .. oi oo .. ..125.37|26.7]/26..88136. 46
FUBB (¢ v oo an oiiie i hunssildntnc I BEIIN. S
QN sR o 24.262(.3724:26 ,32
August .. .. .. .. |28.67].....|38. 74128 79
September .. .. .. |.....}....[32L 0R5.28
October .. .. ~ [22.50{...../226 38922.58
November .. .. .. 1i55..]i....[215.96828.18
Daocember ... .. .. 'l 21,.56§21.73
January .. .. .. .leeeedoos . ]2K.2421.60
Closed steady. 5
e iey i
Aanle 6 SPOT &OMN.
lHanta Commerc Exchange; ?flu
basis good middling .......,. ......38.80c
Rew York midQHNE ..i...vswe s vses 37000
New Orleans middling (seles' 4783 ..38.50c
Liverpool good middling .... .. ./ «..30.47d
Savannah middHDE ...iceees eeue .. 3960
Augusta middling ..........0m.4...38.00c
Houptonr mid@ling ........c.00mvepe...39.750
Norfolk mhidlfiu?i Shid v iomebe nenh. . BRBOS
Philadelphia middling ............38.25¢c
Boston middling ........c.ccceo 004 -88,00 c
Charleston midAling .........e4...89.26C
Wilmington middling ........«.+...40.80¢c
Memphis middling ........... e 4e..39.00c
St. Louis MmidAMRE .....ccco6oom .. .39.60 c
Mobile MidAIING . ......ccoooooom g -38.00 C
Montgomery midHling ........w.b..57.76c
Little Rock middling ...ceveso e .39.000
Galveston middling ........... ¢ --40.50 c
—_—
METAL MARKET.
NEW YORK, Feb. lO.HC;;})per,
quiet. Spot and February, roffered,
19¢; March and April, -offered,
19 1-4 c, "
Lead, quiet. Spot, February and
March, 83-4@9c.
Spelter, steady. Spot,: February,
March and April, 8.60@8.70.
THFE. WEATHER.
WASHINGTON, Febh. 10.-~Rain) proba
bly tonight and Wednesday in the South
Atlantic and Bast Gulf States. d]!. will
be slightly colder in the East Gulff States,
Forecast by States.
South Carolina and Georgia: Local rains
tonight and probably Wednesday, cokder
tonight in Northwest portions.
North Carolina: Probably local rains to
night and Wednesday; colder tonight in
extreme West portion. »
Florida: Partly cloudy tonight, shghtly
warmer in West coast; W.dm‘% fair
in s:)uth. local rains in North and Central
portions. \
Hxtreme Northwest Florida: Prmobably
local raing tonight and Wednesday. |
Alabama and Mississippi: Partly cloudy
tonight and Wednesday, srob:bly local
rains in Bouthpportlnn: colder tonight.
Tennessee: air tonight and probably
Wednesday; colder tonight in Central and
East portion.
NAVAL STORES.
SAVANNAH, Feb. 10.—Spirit: Regulars,,
1.96; sales, none.
Rosin: Northing:; WW, 20.76: WG, 20.50%
N, 20.00; M, 19.75; steady; K, 1%50; 1,
12761 B, 3.38 F O, lUME ¥, .35 B,
I D 1. R, 11.60
Receipts: Spirits, 44; rosin, 489, 4
Shipments: Spirits, 6: rorin, 842; stocks:
Spirts, 9.098; rosin, 36,215,
gl
CHICAGO CASH GRAIN.
Chlcago, Feb. 10.—Wheat No. 3,
2.30@2.35; No. 2 hard winter, 2.30@
2.40; No. 3 hard winter, 2.28@2.30;
No. 2 Northern spring, 2.35; No. 3
Northern spring, 2.30@2.40.
Corn, No. 3 mixed, 1.24 1-2; No. 4
mixed, 1.28 1-2@1.30; No. 3 white,
1.35@1.37; No. 4 white, 1.33; No. 3
yellow, 1.35; No. 4 yellow, 1.30 1-2@
1.33.
Oats, No. 2 white, 82@82 3-4; N0..4
white, 81@82. |
MONEY AND EXCHANGE. |
NEW YORK, Feb. 10.-—-Call money on
the floor of the New York Stock Exchange
today ruled ab 8 per cent; high, 10 per |
cent; low, 6 per cent. ‘
Time money was scaree. \
Rates were: Sixty days, 10 per eent
bid; nlnetg' days, 10 per cent bid; four |
months, 10 per cent bid; five months, 10
per cenj bid; six months, 10 per cent bid. |
The rket for prime mercantile paper |
was at B i
“'a’l “money in London today was 4% |
per cent. ‘
Hterling exchange was stegay with busi
ness in bankers’ bills at 330% for demand.
New York Stock Market
e | Last Prev.‘
socks_ . lrign| Low | Saie Clos
mfi?glhalmers . !80 B
Am. BC . o e oo la] e
AS. Shim Aol )} N 40 piaN o
Am, gricu Pl is, sl §35
Am, P-et Sugar . 22“2 g:% §7%| 453
Amg. Can . oov . .Rt R TR e
Am, Car Fay. . . 32 o % bt
Am. Cotton Oil . . Sl me bl olis
Am. Locomotive . . B ol Soul a3e
Am. Smelti;\; Rikh R o v
Am. Steel dries . R it % 128 %
Am, fug. Ref. . .s‘. 4361150 %75
Am. Teli & Tel. . . 13’” S Hias Ik
Am. Woolen . . I Aaps 18t
AT GRS 1 shiem b LG e
2"’ (;'-i‘d& ‘2. 11,&;' 5 flé 21 |2l zg%
m. Hide )8 1 ;
do )’l;(d. € e vg lfls%lllbfill??” i
A, FaDBOOO 4 i ey ad Wi i g
Am. Sumatra Tob. . 22% 23 20/. 4]
e {36'( Paper . 4762.,
Am. rit, o e >
R B <7I3E |B 0 40N
Alloy eel .i. .| 4 sosd soul 575
Angeonda . . . 4 .| STY% 50
A(t:chlifon <L gL 80. |7B |7B L"
A C hoo o gkl i T
lénlg. OLocu‘ . L & 1%5“ lgD? lsgg 301
2 s e ¥ i 30
ooth Flshcien'. i Saial aoar é'}% oly
Beth. Steel “B”'.. .{ 804 |8 % i o
Brook. Rap. Trgns. | 113% 1% 11% 2*h
Butte Supemior . . g o i
Butte Cop. & Zine 32% sud| ssu| azn
Calif. ;eu":‘l}:lm A i VAI Ise
Calls. Paecking . . .} .... ié%fl ien L
Canadinn Pacific . .|120%[1 sl
sz?w‘l 51 50. IAgLE )
C. . W e ] T B
Colo. ¥uel & Iron .| ’39'4"92. gé:'/: 1;; 381
O, M- P el B b
GO PIE v. . 5p BX nn 8
Chino Copper . . A2B Bl Ter
Consolid:fted Gas . 605 "% Tyl i
Corn l:rructs Conl 374 o 8 2T%
Crueint o Bteei | | i|eTa |2083|300% (215
Crucible, Steel .. . 2 S i er It
Colum.‘r(}rag‘l]\& by . 4’021
Cub. /fm. A ORI ] S
Cuml.i Unf\; Sug. ..| 46 43 ; 4 ‘o£
B G R ek i 80%
onpee e 4 b % % e
Oho st ncmbr : .imz-r/.lxzw. 130% 131
Ceoliginbia Gas . . eof 0.. n i
COT!’I-}(}Q-P&ICO . } 49% | 493 49% "%
Er‘:. PTR T e
feott-Jonmson (1264 124 - 134 s
E'mdieott-Johnson . 37}2 el 35%
¥Ask Rubber . . ‘ N BT 4
s e T 1656141388 [133% (166 %%
Gon. Motors . . |264%8|247 75 (3474 s
- Gen. ik I 65
A3oodrich Rubber . . 32?,2 8 e 3%
‘lGrt. Ny Wl - . . R LR e tan
FGrt, Neor. Ore . 5 4 t3ls| esin
Guilf States Steel .i 4 %-+
Gast. W. &W. . . ooy
Greene-Cananea . . 84% s3%] Basl 26
Tllinois Central . .. s29o| 81%1 610 52%‘
Ind Aleohol | . | 834 sa%| 88%/ 2%
Ind. Aleohol . . . 211s| 20%| 0% | 214
Int, Ntelksd:. . .- lok lias it ™ s
£ W o 77%| 76 | 15%| 77%
Int. Paper . . . - R 1% 219) 30%
K"'mque Trire . 1120 {l3O 120 "|l3B
Kelly L TArS ..l VIR AAR PR
Kans, City Sou. . . Ll i ”a
Kennecott ... i 7% 7::2 L 4 4
Laek. mvlufi g o "u
Lehigh " o =o)ishiulish i 2 ot
Lofl.s:m,C;ndy o ‘ 183% 1!%}3 1%1 4
Lee 4 R R Soy
L &N .. ... .10 ({loo%]loo%]
To the American Public
From J. Ogden Armour
President, Armour and Company -
For some time we have had a thought with which we have wanted
to acquaint the American public, and it concerns the future of Armour
and Company. : %
+ From a small beginning sixty years ago, serving a few people locally
and under the management of the Armour family, we have expanded
to a point "here we now serve many millions of people all over the
world.
We have come to the view that a wide distribution of ownership of
any corporation serving a large number of people is of advantage not -
only in maintaining the human relation between employer and em
ploye but between those from whom it buys and those to whom it sells. 5
Realizing that a business of the character of ours is so necessary to
the public, we believe they should be accorded the privilege of parti
cipating in its ownership. As a beginning, two years ago we offered
our debentures, which were exchangeable into preferred stock. As a
result, we now have eleYen thousand preferred stockholders.
With the thought in mind of further public participation we have
decided to segregate our leather properties. The announcement of the
offering of preferred and common stock of the Armour Leather Com
pany will be made in this paper tomorrow. '
J. OGDEN ARMOUR
Last re“‘
| l lellg‘“"
—_——E “25%
| uoc;_c_":-—.“:t e
Maixwell “Motors . d i 3 11| 2y
Ma do lat(gf;:.”. : | ?li% 1621411621 13.{(.)56‘
Pac, 1t 28
iudzx “Petroleum ', 30-l'll %%I 793 g; l
? . S 85% 28 6y
s e ] 3% 0% 5% ff;%f
d States '_._..--""“5 { $ |
Miamt S H 4h ‘datil ol |
Midyale flte?t Podeead e e s'mi
Wat'l Condu . arest 66%) 66% S |
Nat') Enamell- kg ew,l 241 241 48
N. Y. Cen;;a&.fl- . 25%« l ;1%:
NY,N OH 91" 9014|0034 9
gat?l bead. - stern | 91 ki 2(1)12 Tlie( ‘:'{Z{
SLiaIN & eats A 7418 7 sl
59! thern Paci 'er!_,,..«“"!_“_"]fio%
Exm-fi““’”". ek iii e dat £
Ny A]rhrakl‘;' G )8% Lln +
Okla. Pro. &G 3 .| 3% b B 4)l*
it sol a 1 56% |56 % 51‘/-‘
Pennsylvania . L e 811 81 |sn%,
Bl i| S e
ta A. i Rl s
;:-l:nled Steel ‘CarA cyee s ‘11;3&
Pittsburg Coa e e 1636|7544 '6!
ullman C"mptp}e 7% | e n,fi,
PRI b B 8
Shs Javanette . 36 isstaen o 8
Pierce Oil . ated ..| 20 66%| 66% 17 %
SL L. 73%‘1(»%]102% D 1
Sol T & lAea ‘
B -{‘2s A ?f.".{ "
bek Tsland ;,'..'.:,...~-~""M|A ‘
Bo e, e ie Ny
Ry s:mf;‘"&‘ew) | sflai ,“_,,}:13%1
. Ite el a 1 7 ‘
B?i'r“-'-}giwk e o] EB%] 63K} %4 &7 ;
Slaxe-Sherriein ‘Co. 7} 043 | 905 | 903 | nr
Stromberg C";i,, 94 I’%‘l 19151 20 |
Southern Pacific il e 'aem‘ 87 “TZ“
Southern Ry. .. o] AR v }-?1%1
8t Touls & fan'F. || 17 L 3 { 3wl 37
Bt. Touis &Sa 4 3.‘.‘@K '15%5“754‘11- |
Binelair Ol .. ' ’,,1-,%'1 ] e
‘“n:sz M:t;rir‘mne ofeeen i el hoe
Swiss & Co. - - - .'!'i”" o 13 '“”‘!
Saxon Motor cts 1T ] T Josianf 20
haceo Produ ',1% 2181 :-‘A‘
3s:nn. Coppar it it !2‘/“ -211 e
‘Trans Cout. O- 1 S s
| ol . ... Satet 8l a 1 ;
N B {8 e
‘Texas Picific . TROy 1135 1113% 1»9%
SR
son Py oLy
}g:""' on " Prod, 4!-""!‘631“ 99%”0:
Tnited Food il aN B ko
’U S. Rubber . .. Aas |l7‘ o 7 1100 A
. 8 Rf-al‘ty Co. S .;wg IRITIEEY ;;%
U & Bteet .. . 7 2 70%| 72
United Retait s@ | |KL
Utah Cepper n. Co.’| 63 sisil R
e T Yo s el
egt A | s tpmpil 1
tern Un '. || 9
g"’;”‘offirmd- ' shn §OK| B e
TR 50N
fi:x;:mouae e ‘ 55%‘ 55 ,f'l 69
White llotorl!nk et o a i
Wilson Pack NDS. S SEE TR
‘_—————E-at:——mw'“ T
3%s [96.90 90191 710190 o
m—g'—'_f—' 'l“'33'3‘:“o-’339‘%
" do. Ist LAR 140192 50!93. 0
fl 45 . 3.54/93. 7001 .5
do. 2n (%s . .18 0191 30091, $0.43
aot AL ekt 0.52
do. Ist e ,00.5:”'“ 90_9507-“
do. 4th s . lso'9 97.8 n.fl"l’ 180
do. 4th 197 8017 7487, 78 7.8
. bth 4%s . 97.80197.74197.75 %
g:.fil"”‘"\lm P 8.8 8- 1
' 4
’ i
i
] |
X + i
ek |
NEW YORK, Feb. 10.—There was a‘
furtner easing off in prices at the|
opening of the stock market mduy.}
when declines of from fractions to|
over 4 points were suffered in all the |
active issues. ‘
Steel common yielded over a point |
to 99 1-4, Baldwin Locomotive fell!
2 1-4 to 110 1-2, §Republic Steel
1 5-8 to 105 5-8 and Bethlehem Steel
B 1 3-8 to 89 7-8. ]
General Motors yielded 5 points to |
260. Chandler Motors fell 3 points tnl
129 and Pierce-Arrow 1 3-8 to 57 1-4.
Mexican Petroleum was the weak
est of the oils, dropping 3 points to
171, while Middle States Oil fell 2
points to 26 3-8. |
Losses of 2 points were suffered in
United States Rubber, Goodrich and
International Paper.
There was an improved tone to the
market during the forenoon. Steel
common rallied to iOO, Baldwin Lo
comotive to 112 and Crucible over 2
points to 213,
The market was subjected to se
vere pressure late today and suf
fered declines ranging from fractions
to nearly :9 points. Traders threw
their offerings on the market in large
volume, support seemed to be with
drawn from all parts of the list.
Many issues made new levels for the
day in the final trading.
Steel common breke to a closing of
97, a loss of over 3 points. Ameri
can \Woolen dropped 13 points to 122,
General Motors fell 6 pojnts at a
time to 248 1-2, a loss of nearly 1%
points. Mexican Petroleum slumped
rearly 12 points to If 2 1-4 with a
raily ut the finish to 165. lL.oss fromn
2 to 3 points was suffered in the
rails. Southern Pacific dropped to
90 3-4; Atchison to 78, and Union
Facific to 113 3-4, Central Leather
continued in supply, falling 6 points
to 76 0-8. Baldwin Locomotive was
finaily 107 1-2; Marine Common
2% 1-2; Republic Steel 102 1-8; Amer
ican International 90 1-4; Tlllinois
' Certral 82 3-4; United States Rub
ber 99 1-4 and Studebaker.
The market closed weak. Govern
ment bonds unchanged; railway and
other bonds weak.
The market opened heavy. ]
e Bid.r. Aski |
BOOR BB ie R v 7%3 £
AREO AW DAL iot vias ivy 38 2514
Consolidated Copper .....,... 4%@ 6§
Soud¥h Ol 5. LT v ereedi B BB
Houstonr Ol «.vovvovsiorer wlO @llO
Indiana Plpe’ ...... % ..o .. 08¢ @9B
IteroPete vßldi B e
Lehigh Valley Coal ........ BZ 887
WOREIIE i i e i vesens s sanns R 38
MEAFEORT . viiiennssvnnssivervy: SUEF 4%
Q{PTI‘IQ[ 0511HU.....‘........1S @20%
Midwest Oil ~ s.. v 1304 1
Midwest Ref. ...A..‘........A.1M?‘ng0‘-
North American Pulp ......., 5%@ 6%
RBIO OB o 5 pvss viisidies sans 3837 SN
TrAtrie. Ot U i v vi e BOR RS
Submarine Boat ~........... 13%grts
8. O New YOrR ...cvcoveasn-400 415
8, O, New Jersey ............700 gcu
£ 0 Califebthi® 0c.0...0 .00 318 120
8 O Inailslh: o.ye. . uens 000 i 680 GNOD
WNOn TROK *v . iivis s avery ad 04 o BTN
[Rictoria Ot (. . s odan IS A
REOBE ATISUBE & siesonisavspna we %
Nipissing SRR v T A VLA g 1014
‘Boston & Wyoming Oil ..... I'%l 3-10
Glen Rock Ofl ...l .eviees MO 3%
Island Oil & Transport ...... & @ 51§
¥. 8, S'eam:-hfip diva vt by e
MABUIDAT viei ik s AR 8
AR TARNE i babives v i viery RN Y
TBRNOB . sisnnisgesiudnein eAN ?20
BRIt Creak . oohvecisneons o ivo SRR A
Qklahoma O} .yic imsorny ENEO T
WHHARA %Sl v inair S 39
TUDRBILY sve s boy e iie sos i TENGEY S
o S PO B RN .&Y
O Inley T e 65 ‘
e Lale il e ey s 4‘(;@ 15
Phillips Patei oo ovsrecorossrs S 0 38
BIAOLOD = ivc v Gu v binrea e g 1 @ B—lG{
Bimms Pete. ......oiocn.oeney #1350 4310 |
Santa CeciHß & ..o iiiiovsniees 45 40 315"
WRlte O . icidiiiidoniin R A 0 Y
Ehelmers MOtors:. ... vversse S 40 7.
RADDRLE v rani el 9‘.‘1;3 94 ‘
Int. Con. Rubber........mevs 10 16 . |
MArlaßd .i A civaibe s BNE B
P. S 5 Bher v ovinsauikiy B 0 3%
Poerlah .l i i igeavise B AR
08, i vav AV At uav by » I 8D 8
INa. Weok. 000 .o e s ¥R 1T
BB BRI siet e SR
Wavng: COBL i vividiniia ei Al 8
Bl £ 5%, , slivap vt ongines: TR E 10%
‘Ray Hercules ..¢.......0... 1@ 1%
Llk Basin 1A e e 2% 8%
Tobacco Products ........... 8%,@ 87
FBoone. OH -5 PP L Hrsasiaiiv €36 Q- S
BWeets . .....iiiiiiiiaiiiiins 6@ 6%
ERINOd O tyss v hvaseneniiovnga B @ll-16
[ Pennock ..ic.iieveiincieies 8 @ 8%
CRUING . i TR s senisar it B 8
pOIOnIAI TIS o ivosscasnvrirss TR Vik
| JACKSONVILLE LIVE STOCK.
. Hogs! Reco!plts.fillght: rfirrosp@c'.s, steady:
choice heavy, 12.50@12.75; good, y
12.50@12.75; reugh heavy, 11.50@11.72;
lights, 11.50@11.76; heavy pigs, 10.60@
10.76; light pigs, 8.50@10.00,
‘} Cattle: Receipts, light; prospects, steady;.
gteers, 5.50@ 12.00; bulls, 5.00@7.00; year
lings, 5.00@7.00; cows, G5.50@7.850; veal
calves, R.00@12.00% caners, 3.50 up.-—-Wil
liamson and Dennis. Febmuary $
| o b e
b Fe INCRI%ES DIVJDEN-D,?
NEW YORK, Feb. 10.—The United
Fruit Company today declared the
quarterly dlvi&epd of $3 a share,
thus placing e stock on & regular
sl2 per annum basis. The dividend
is payable April 15 to stock of rec
ord March 20. /
i ’t«d i b
A Ly
7 23 Vol O
Y SNt
T s
- b 5
) { A 3
q': A 1
’ §
y £/
' g
CHICAGO, Feb. 10.—The weak tone
of the corn market continued today.
'Opening prices ranged from 1-4 to
| 7-8 cent lower.
| Trade in oats was mixed at the
‘opening, prices ranging from 1-Bilow
ler to 3-8 higher:
Although trade in provisions was
not heavy, the limited offerings:sold
downward from yesterday's €¢lose, the
price range being from 3 to 15 ¢cents
under yesterday’'s close. 3
Corn clored 3 to 3% cent higher,
Oats closed 21§ to 2% cent higher
Provisions cleosed higher
Swike ’ Te e
____| Open | High | Low |Close |jCioses
Corn | | |
May .| 1.24% 1.28%‘ 1.24% ] 1.28% 08 1.25
ouly .!1.28° | 1.26%[ 1.22 | 1.25%[] 1.22
Sept. | 1.19%] 1.23141 1.19%] 1:231 Y ..., %
Oats | f | |
May .| 745 l 11| 7a%m| k| na%
July .| .67%|. .69%!) .671 z .69 &gl .67
Pork | e} ] } »
May .133.66 [34.80 [33.60 [34.257]33.75 «
July et | iwees S 8 9FRR ISO
Tard | | | | ‘ ]
Mas .[21.02 [21.26 [21.00 [2l.°D 2167
July . |21)62 [21.75 [21.60 [21.765 (3165
Ribs | | { | | 5
May .[12.15 [18.45 |lB.lO [lB 37 [18.07
July {1875 18.95 |18.70 (18. 90 |[18.67
|
CHICAGO CAR LO' IS, b
| CHICAGO, Fem. 10.—Follo' bing are re=
ceipts for today: i
WREAL ... vsciphptotevansn ki pbraia 44
COPR s uveressibisssivitadvnsspiindssi: 20N
OB . i pR R e
OB o\ vl Fan i aa v wBOS AU LR A
2088 erropresre s ben e SRR
ST. LOUIS LIVE STOC £ MARKET.
ST. LOWIS, Feb. 10.—C. attle, rmeipl!.
4,5007 market steady. Na tive beef steers,
| 1;,59%,1.;,73; vearling beef :steers and heif
ers, 10.00612.00; cows, 9. 75@10.00; stock
ers and feeders, 10.00@10 ,75; calves, 1600
@17.00; carhers, 6.560@7 .50,
Hogs, reveipts, 11,000:; market, upadg.
Mixed ' and butchers, 1 5.265@15.76; good,
15.00G15.40; lights, 1 §50@15.75; pigs,
12.50@15.60; bulk, 15.2° ;@15.65.
Sheep, receipts,. 2,30 §: market, higl;;;.
Pwes, 1000@12.00; ca) mers and choppers,
| 5.50020.00; lambs, 20.07)@20.35. r4n
f
ORN'E DESK
& FI) (TURE CO.
N 3 N. Pryor , St., Phone Ivy 1158,
DE’4KS, CHAIRS,
FIL ING DEVICES.
Large S tock. Low Prices, ‘