Newspaper Page Text
Cotton Breaks Then Rallies on Covering of Shorts Qver Holiday Thursday—Securities Drop Following Early Substantial Gains
= —
el
NG
HUGE ENG. MILLS’ PROFITS; |
» ’
USING 69,000 i
\
. 000 BALES WEEKLY |
Atlanta bank clearings Wednesday ... ... ... ..$11,515,618.02
Samc davlast year i., e oes v »9;1068,065.00
el ————
JNOKONND - e s SRBRRDIA 0T
Satne dhy bWI . o Lol 0 e BRSNS
Same day last year .... ... .
y last y Le e 8,566,670.90
Atlanta cotton statement Wednesda&:
; 1920. Last Week. 1919, 1918
Repexpts oty i TR 1,156 . 3,605
Shipments ... ... .5 1008 2 BRE y 2,418
Stocks ... ... ... ... #...:35,327 34,261 . 490,017
*Holiday. .
: EXCHANGES CLOSED THURSDAY.
All leading American exchanges, with the exception of the New
Orleans Cotton Ixchange, will be closed Thursday in observance of
Lincoln’s birthday. TForeign 'markets will remain epea.
By VICTOR BARRON.
A better tone in foreign exchange, exhibition of rallying power in the
mos\k market, strong cables, easier call money rates, while being offset to
somle extent by the labor railway situation, gave thie cotton market a stead-
BRI, ier undertone at the opening Wednesday. Prospects of
b ’z"_’__;_"'“'"""l early ratification of the peace treaty also was a helpful
’*' factor. First prices were 5 points lower to 10 points
pltggi::'\"'j'j e ~jf:=-f--:s' higher. A small rally after the call was followed by a
£ . . NGB fresh selling movement, causing values at New York to
i g break 27 to 48 points, with March falling to 34.43, May
oo gl 32 cents, July 29.99 and October 28.02. New Orleans was
m E'f_ a good seller Spot houses also sold. During the late
Bl ¥ T WORE forenoon demand broadened, chiefly covering of shorts
:‘ e g over Thursday’s holiday and expectations that a com
w | promise will be reached next week on the treaty. Under
‘% . " this demand the market regained practically the entire
,ésé,,um decline, with March rising to 34.72, May 382.20, July 80.14
;m and October 28.29.
BVi TR Bears are trying to capitalize the threatened strike
vt TSGR of railroad employees, but in the event the strike mate-
Ko ¥ rializes it would be a bullish item in that it would check
~" .'8 B movement of cotton to the mills and ports. Continued
. ¥ unfavorable weather amo 1s working against the bearish
o - element, and with the technical position of the market
so extremely strong, the market is in a good position to respond considera-
My to any favorable news with regard to the treaty and money situation.
Tt is -believed in- some quarters that the course of the stock market will
sovern the cotton market. If so, then the tendency appears to be upward,
as the security market seems to be getting in shape for the predicted spring
bull campaign, which is scheduled to develop the latter part of this month.
However, some are inclined to believe tne upward movement will not take
place until about the middle of next month.
S L s el s g o eo e ase Saniind with nEe
Prices of Liberty
'Bonds Carried by
| k
WASHINGTON, Feb. 10.—The comp
troller of the currency has given instruc
tions to *bank examiners that they need
not, foir the present, require national
banks to mark down. the prices at which
they are carrying United States Liberty
bonds and victory notes below the bona
fide purchase price, paid for these SBecuri
ties by national banks. Banks will not,
however, be permitted to carry these honds
on their boks at prices above market quo
tations where the bonds cost the banks
only the market price or less.
There is, says the comptroller, no cause
for anxiety because of the recemt decline
in the market value of i,ilu‘rty honds, and
the fall in price, he says, is no reflgction
uron their intrinsic value and desirability;
Hut the lower quotations offer investors
#n extraordinary opportunity to ‘obtain at
very attractive fignures the best securiy
in the world He adds:
The people of this country need have
" doubt of the abilty of this nation
now and always to meet in full every obli
gution and commitment, and it is the opin
ion of well informed students of the sit
uation that it should net be a long while
before Liberty bends and victory notes will
command, not only their par value, but
mobably a considerable mlum‘;‘ 2
“United States IL.iberty s have als
ready been very widely distsibuted to in
vestors and digested. On November 17,
1919, the amount of Liberty bonds owned
hy all national~banks amuun,ed to only
$829,000,000, which was less than 4 per
cent of the total resources of the national
banlts at that time.
“The income of the people of the United
States in excess of ordinary living ex
penses,’’ continues the comptroller, “proba
bigeamounts at this time to more than
“'N billion doilars per annum and less
then one-tenth of this estimated surplus
investable income, would be sufficient to
ahsorb in twelve months all invéstments
still h'rl by national banks in Liberty
bonds,'” -
WASHINGTON, “Feb. 11.~The weather
will be generally fair tonight and Thurs
r't' in the South Atlantic and HKast Gulf
States, with unimpertant lemperutul‘e
changes.
Forecast by States: \
Georgia—Cloudy- and somewhat ecolder
tonight, preceded by rain on the coast;
Thursday, falr.
North Carolina—Partly cloudy tonight
and Thursday; somewhat colder tonight in
east and central portions.
,S‘wh Carolina—Cloudy and somewhat
eol tonight, preceded by rain on the
coast: Thursday, fair.
Florida—Generally fair tonight and
Thursday; colder tonight in extreme north
portion:
Extreme Northwest Porida—Partly
cloudy tonight and Thursday; colder to
night. ’
Alnhamaw{_‘goudy tonight and Thursday;
colder tonight In extreme southern por
tion, .
Missigsippi—Fair tonight: colder in ex
treme southeast portion; Thursday, partly
cloudy.
Pennessee—Fair tonight; Thursday,
c'!lmuly; probably #®in in southwest por
tion.
Louisiana—Fair tonight and Thursday;
Jight varintle winds on the coast, mostly
nortberly.
‘7“"‘;‘:*" '_“"“-“‘_“’_—.":"“——‘\"“‘
A 0
Kiheumatism
iz ‘completely washed cut of the sys
tem by the celebrated Shivar Mineral
Water., Positively guaranteed by
money-back offer. Tastes fine; costs
4 trifle. Delivfred anywhere by our
aflanta Agents, Coursey & Munn
DrigsStore, Walton and Broad Sts.
~-Advertisement.
Close Your Real Estate
-
Deals Quickly |
We have complete recordg to every piece of Real Estate in
Fulton County, and are prepared to expedite the closing of sales
* ‘or loans.
A Banks and Insurance Companies prefer Title Insurance, be
cause it is safer.
c‘g
Atlanta Titie Guarantee Company
15 E. ALABAMA STREET. ATLANTA, GA.
THE GEORGIAN'S PAGE OF MARKETS AND FINANCIAL NEWS
. There is a better feeling with re- |
outgo’ Tuesday totaled 28,229 bales, |
bringing the total number. of bales
‘gard to the export situation. The
exported so far for the week up to
94,556 bales. Since August 1, last.l
exports amount to 4,057,083 bales.
. The census report on supply and|
distribution of cotton during Jan-{
' unary is expected to be issued Satur
\day. The report will make bullish
reading in the opinion' of the ma
jority, especially as to domestic con
sumption and exports during that
period. “Active gpindles are expected |
to sho wa new record. |
The bugaboo about re-‘shipments‘
of cotton to this country is on the
wane.
How absurd is the report that Eng
| lish buyers would reship ceotton is
shown by the report issued by the
Bureau of Markets at Washington,
after receiving private communica
tion from abroad, showing that spin-‘
ning mills at Manchester and Liv
erpool, England, are making profits
ranging up to 300 per cent on capital
stock through manufacture of raw
cotton imported from the United |
States. |
Officials at Washington say that
this shows there is little likelihood,
that English manufacturers will
maintain for any léngth of time an
‘embargo against importation ‘of
American cotton.
It is said that the mills need a sur
plus of raw cotton of at least 370,-
600 bales. When their reserve stock
goes below that amount the mills
face a shut down. "
_English mills, according to offi-
cials at Washington, are consuming
American cotton at a rate of ap
proximately 60,000 bales weekly.
The Wall Street Journal lzas the'
Wollowing to say with regard so mills |
enormous profits made on cotton:
Mill profits are se ‘great substantial re
duetiong can be madée to wholesalers with
out a legitimate pretext for demanding
in turn, lower spot. 'The latter is in a
position to withstand such attempts. hav,
ing passed from growers ino stromng hands,
With goods selling at $1.25 a pound
ggainst 39 and 40 cents for the raw prod
uct, representing a profit for manufactur
ers of over S3OO a bale, there should be
no question as to who should bear the
brunt eof Jower prices when the inevit
able slackefing in retail demand at pres
ent figures comes. Mills are ul%ouhtm!l_v
within their rights in/selling & prices
determined by the universal clamer for
their product, but with planters’ organi
zations growing daily in strength cotton
men believe the day has passed when pub
liec refusal of high costs can be passed
along to the ruination of the grower.
/ “The world’s need of cotton products is
as great today as it was two months ago.
If exports had proceeded this year on the
same scale a 3 last It is improhable that
anyfhing alarming would have Leen found
in thé situation. A temporary ce,us.t'lfin
of ¢emand following an extraordinarily
heavy one will still leave:a high aver
age for thé season's shipments. The most
modest of demands for the next six months
would bring about the expected reduc
tion in the carry-over and maintain the
present price level, ~
“Phe grower is also'to he reckoned with
If. it weare probable Kuropean shipments
were to be indefinitely cut off, the im
mediate result would be a switch to other
crops, for it must he remembered that
the new erop is not vet in the ground.
wp. P Plaherty 18 in receipt of a, eable
from Liverpool hranding rumors on re
shipment of cotton to America as all
imagination and nonsensical in view of
the present. status of Britain's toxtile
trade. Lancashire mills were reported to
be expecting even greater profits this
year than last, when a dividend of 21%
per cent was paid ag compared with the
|!'ezu!ur 5 per cent the year bhefore. ,
! “With produet sold for six months |
ahead, it was held u.s perfectly logical rori
spiners to wtng‘ to see their supply of raw
material sdfe stored in w"”‘""”w“'
England bhefore the predicted ghort op
of 1920 should have its effect on pflces.|
Talk of mill shut dowh and cheap cot- |
ton was characterized as ridiculous.” |
= ; %
NEW YORK, Feb, IT:—Wall Street
was a seller at the opening of the
cotton market today, but /because of
steady cables and foreing exchange,
first prices were 5 points lower to
-0 points™ higher, A reaction of 2 to
15 points, from the previous close
soon followed, and the list became
unsettled and weak, with husiness
partly of an evening-up nature’ for
the holiday. The trade was a mod
erate purchaser after the start. Un
easiness over the railroad labor sit
uation seemed to be.overshadowing
prospects for ea'rly' action on the
peace treaty, ahd there was evi
dently bearish sentiment around the
ring. .
The market, after easing off to new
lows for the day, developed strength
during the late 'forenoon on cover
ing of short commitments over the
holiday and lighter offerings. Marech
rallied from a low of 34.42 to 34.72,
and May from 32 cents to 32.20.
NEW YORK COFFEE,
| | | | 1:30] Prev,
__AL_QR?_“‘I q}li’g‘hl Low | P. M. [Close
MEW .':;4.80&;4,;5:34.4::?31.79::’.4'70-73
eL. .IZ;ZJU,S!A!;;::;‘.UU-I:‘.:A;'n{;:.::o-:::i
Juty . . . .130.40{30.44/29.99{30,39/30.35-42
Ocet. v o . .]28.45|28.55(28.02]28.43/28.50-55
Dec.., ~ .« .|28.00{28.00{27.68{27.80(28.00
Jam, e v 5127.40127.40127.31121 3612716
—NEW ORLEANS COTTON._ _ /
| | ! | 1:30] Prev.
- [OpeniHighl Low|A.M.| Cloxe
Mar. « . . .|36:651]36.68]36.31|35.68(35.52-64
May . . -133,1013.20{32|80{33.18/3.05-10
July e e .|31.12g31‘31i30.55131.19»3’{40-13
Oct. . . o +}28.55(28,50/28.05428.50(28.15
Dee. . o] g‘i?,:?wz
A 8 s TR L e iRI ey et b IRTAG
‘LIvERPOOL ®OTTON.
- LIVERPOOL, Feb. 11.—Spots opened in
::u]r demand. Prices steady. Sales 8,000
hales. + ke
American middling - fair, 33.79; good
middling, 30.79; tull middling, 29.79; mid
dling, 28.54; low, A&M; good ordinary,
22.54; ordinary, 2154
Futures opened steady,
2 f !va.
GTR e T Open|Close
el S . caili R iaga s i 26.65
MBECR . . vs.iodivss oosahnssssd 38 26,40
%ru......... Ciotakv vrans s 25.90
BEBE. sas i nihss ik Saes > IRDE CINOR
JUNe L....esea vearesiecenene 24.81
TR e, i i e BTS2O
ANEOEE * Susouss ot hinsn e 0881 23,78
September ~...... siessivass .23.05
ORODEE .. Lors e BEL (oY 1036
November .......oceeer c®somes 21.95
Dexmber Bl et oih s AT 21,04
JAALrY ...e.ioons Al At 21 2124
ATLANTA COTTON SEED PRODUCTS,
Description— Price
Crude oil, Masis priame............518.00
Cotton seed meal cakes..... ~(not quoted)
Cotton seed meal, T D. Coovion.ssea 69,00
Georgia, common rate points...... 68.00
Cotton seed hulls, sacßed......i«.s 16.00
Cotton seed hulls, 1008e.......000 01 12.00
Linters, "No. 1., 4uev.esseessananns 09
Idnters, No. 3,.. s%issssacocaerbog 8
: e Rle TR
COTTON MARKET OPINTONS, |
Moss & Ferguson: *'The market is sold
out and purchases on recessions still ap
pear advisable.” oy
« 3 »
BE. W. Wagner & Co.: “The trade is
awaiting some new @finite factor to give
tendency to prices and that is likely to
come from pitching ‘of ‘thq new crop.”
> %
S. M. Wald & Co.:' “We advisé pur
chases on weak ma.rlcet:.”
-
Bond, McEnany & Co.: “The cotton
market shows ! resistance to selling preés
sure and with Liverpool cabling thR
Manchester is taking on renewed -activity
we should not be surprised to-sée a sharp
advance at any time.”
COTTON NOTES. X
Quotations at Southerm spot markets
Tuesday were 25 to 50 points lower—At~
gusta, 37.76; Dallas, 40.30. Steamer Ri
mouzki, from Liverpool, brought over 1,790
bales of manufactured cotton googn. 5
Rain has fallen in‘the last twenty-four
hours in Texas and the ¥ast Gul® apd
South Atlantic States. Témperaturef eon
tinue moderately high for the season esst
of the Mississippi rivet . There will be
rain in the Kast Gulf States Wednesday
end rain probably Thursday in the East
Gulf Stetes, Tennessee and the lower
Ohio valley. No marked “change in tem
perature is anticipated.
- - ®
The Times-Picayune says: ‘“The main
influence Tuesday was the statement ema
nating from the government to the effect
that exports to Great Britain would be cut
in half, owing to the closing of British
ports to cotton shipments as a result of
the drop in exchange, and that there was
no othergoitlet for the cotton. While Liv
(e;rmol has=a fairly large stock of Ameri
dan cotton .and is in position to hold out
of the market for the present, it seems
abeurd to believe that British spinners
will cut future reguirements in half with
the prevailing capacity Bn ‘Lancashire,
which absorbs fully 70,600 %ales a weel
from the Liverpoo! stoek. ‘The big Ene
lish market is also axporgng from its
sunrply: to the Continent.
“The market is confromted by another
batch of holidays. New York will clae
Thursday, Pebruary 12, Lincoin's birthday,
and the local market will he closed Tues
day, next, Mardi Gras Day.. Both mar
kets will be closed Fa:.m‘try 23 for Wash
ington's birthday, v\t;i falls on Sunday.
“Ths cotton good® markets are tending
easier because of the late diranalon in
the spot markets and the 1 rates of
foreign exchange!’ R
i e
6 GRAIN GOSSTP,
v JOS, F. PRITCHARD,
CHICAGO, Feb. 11.-—The ‘xln markets
surprised mamy traders Tue y and aiso
proved that it is dangergus to put-out
short lines at this time, for prices ad
vanced in all the grains, Corn went up
3% to 4% cents, oats jumped 2 to 2%
cents, rve was 614 to 5% cents higher, and
barley advanced 2% cents. The cash mar
kets were also strong at good advances,
with wheat gaining 3 cents, corn 1 to b
cents and oats 1 to 2 cents. Hales of
onsh corn came to 106,000 bushels, wl?la
the cash oants sold totaled 375,000 bushéls.
* s »
The change fn the general canditions sur
rounding the grain markets will dnnMl?n
prove encouraging to the farmer, and/ it
will also be taote or les sos a help to the
swners of large quantities of the various
graing in country elevators.
L e n
Txpeetation that the embargo on East
ern shipments would be modified so that
limited shipments may be made East was
one of the strengthening factors. Strength
at outside markets, eagsh corn going 7 to
10 cents higher at Omaha, atso helped
check the bears. The sterling exchange
gituation also was tnrr gettled.
. *
Grain 18 not' being sold freely by the
country becdpse of the recent price re
cessions, Advices say manv producers ro
fuse to sell their grain until better prices
are offered.
'
MMVALE PMPLOYEES SUBSCRIBE,
PHYLADELPHIA, Feb, 11.—A prelimi
nary report of the sgock subécription of
officers and emplovess of Midvale Steel &
Ordnnn? Co. and subsidiary companies
shows 2,616 emnloyees subscribed for 14,-
0406 shares at 850 a share, making total
amount of gtock taken £702,300,
Payment of mmmflom in monthly in<
stalments 18 to Be defucted from the sal
ary of subseriber, First deduction will be
made in February, 1820, Payment for the
stock must be eomplete in a year. As an
inducement to subseribers to retain their
stock the companyswill, commencing Jan
nary, 1921, make a special payment of
£2.60 a wear on stock purchased under the
subseription plan, so thal emplovees who
retain gtoek for five vears will recelve
$18.50 !’| special payments, i addition: to
the usual dividends declared in that peried,
RECORD NUMBER OF NEW
ENTERPRISES DURING JAN,
A record number of new enterprises were organized under the laws of
the principal States m January, involving the tremendous sum of $2,280,-
460,600, according to. the Journal of Commerce. The previous high record
in point of numbers was in October last, when 1,067 companies took out
chagfers, with an authorized capital of $2,363,635,200. In January, 1919, the
grand total was $492,079,400, and in 1918, $287,641,000, s 0 that the past month's
figures show increases of 365 per cent and 693 per cent, respectively, over
the periods mentioned. All lines of business or industry are covered by the
returns, although it is to be said that they indicate a growing tendency on
the part of many old-established firms to erganize companies with a greatly
enlarged capitalization to meet their expanding business. A number of im
portant consolidations appear among the incorporations in the different
States, while promoters continue active in the matter of forming mew oil
and gas and shipping cnocerns.
The following are the comparative figures, compiled by the Journal of
Commerce, of companies incorporated in the principal States during the
last three years with an authorized capital of §IOO,OOO. or more:
j 1920. . 1919, 1918.
jJanuary Dasavanans eas i 350,460,000 $ 492079400 - $ 287,641,000
FPODPUALY 0o ooeaciaaniossneve - osedvseessis bl 323,635,000 182,183,000
2R R R sO O / 370,871,000 197,071,000
VADPIL i SRI e T eLS 515,665,300 - 255,701,(}00
AN R s 748,683,500 309,322,500
!June 1,255,42_7,500' 227,243,000
aIE -0 I e s 1,419,539,700 185,726,500
LAY R e e o 822,746,000 144,786,000
fibntember: ..o it G i 1,946,954,500 214,820,600
iOctober 2,363,635,200 134,224,000
SRI e e 1,341,447,500 131,080,000
DOBRRIBSE . v ioneniiiend ©iiins Nodvunnn o HOTHISBONR 129,951,000
SRR e e B RWS e $12,678,229,600 $2,399,749,600
New York Stock Market
R SR B S e *__’_'i’:éolPFéV.
srooxs—frmen row e 3CHon
e ] 40y 39 v'aw. 41%
Allis-Cha 3 a
Allis-Chalmers . . ‘ 40,4 1;:‘
e Bnin @ i 181 187 | 18% 19
s ral :_-‘
Amer. AS!’iC\ll(ul;Al ‘7.9 %l zgw
Amer, BcotVSuga i = Bal 3 q;:l
Amer. Car Fary. . 138 lok 121%";5-,;
‘.("&r s - el ¥
fim;; Cotton 011. 41. ..:% oo i gg%
Amer, I_,oco._. W %& = 59‘/ ‘O%
Amer. Steel Faries. | 465 405 | 40| 40
Amer, . 5 ‘
Rgler. Sugar Rel;. 2 1%;% 972:1 1% gé’/l
Amer, ;l‘velblgzn Te! XiER 126%‘121 ‘125 1'47%
A(lor n Ty arnfres aleeean 4
Anrmer, Mgseod“., ot i:(% fa vl 12:2
Atlantic G. & W. 1. i fo3s] 01 166%
Anug.'l-lptsc R 4 gt ) 10;% ;gg% 100
0. SHisdgies vy i a 7
Amer. Tobacco ... . ¥4 41
Amer. Sum. Tobac. ;m' 50%| 66%| ...
Amer. Tob. Secur. 390% | 3910 391m| 30
Amertc!‘l,g lltcePilpler.' Ry v 90% 33
:;:1:‘;:.11\(. Oorp. .. Dl“ 89% 433&
Alnska-Gota ", 2[ook )
Alaska Gold . . . ‘ seil el aey 5
Ana(-iomln Tvy g 5 76:& gg& ée
ATCIEmon '\ . wl aea
Atlantie Coast Line 132;2 1084 1004 10;%
Balawin Loco, . . . 295|280 28& 202
Balti, & Ohi() N 1040 104¢] 10 1%
Booth Flnhe.“ing. ioew &% 85’;2 Ga T
Beth, Steel “B" |, .| o] 19 104 1
Brook:sßamidrTmnst 295 l 285 t 49 2;%
Bfitte Superior ~ . i 23%125%
ButteCquer&zmc‘...,".“.””“ fi%
Cal Pate. .. . . Lee.s el goy
« PRERR . v 00l codids tinilitnse
S:lmdmnglu)mflc 3 l:g:fiil};{?z 4;% ;g%
Chesa. & Ohjo , wikd e = . 79
Chicago &N.W, % 52_4[ ’ IG% 3 le
Col. Fuel & Iron . 2% 's‘l 8 30
Chi., Mil, & SBt. P. e ohah ‘4B
ROy DER SN 3’% ,33% 83% f;%
Chine Copper .. , . A 28 o 2
Consgplidated Gat: o 91t vs%! 19 ’lg
(101-rproducts -y ‘ 37*| e 37%, g’%
S piner o late {2OB " 121 %.238%
(‘rucleble lSteel ol x 5 39%’!‘00
T e i b g Aissss
ban Am. Sugar ..|.....! dicliin :2%
(Gxgbnm (Gane Bugar , ;g%‘ .‘,;’ég 75% | ‘,6;1%
Cenltm(l g;:xt‘her Nowd 16%‘ mmlég;fi‘,];sé
’“’"o""'i Li3s 12
:.":andler Motor . ..?128?6.‘}?. %J‘ f 55
o b ""::"i“",;‘rg;,a,;" i
Carre~de Fox bt el g .
Dea, & Hudsofn ¥ . 119(11521 11%{ el }}‘fi
1 aa ptd., lat . ... .« bittohias Il':':i‘z.fi
Bndiogtt-dolnsen, 1§:/J‘| 5 P
Fisk Rubber ;. . - dad Ak I 6‘{
gip' et ores 154 {153 1164 13‘8}2
Qo A s 112501 124614248 ’26“,/
Gen. Motors . . . . ot ontti e % v
‘Goodrich Rubber . . St aa “‘"| 52y
vt Nor. pfth-o .., 14 ox 5" 32%
GPt. Nor, Ore ...| 3 PN a
Gulr States Bteel .| ... ...l i
Gesss R RT 8
Groenp-Can&ne_-l v e 82% s3icl d3id 3?‘/‘
Illinois Central .. bl AR 58
Llnsp. . Gopper . . BRVIA i 81k 80%
Ind. hfilc{&t{ol e 441, 2‘“2_ e 12;6
t. © ¥ i Bt Jk
}mt Halvester ~.. PR 75%} ;;;2
int, . Pape, UO, 265! 287 1041 2
“("'ys"g”rT'L’fi‘r’e' e f!u 1% 116
e"-nl s(i . CRS T
ngln:. ALY Mo, ../ Sqarh vvd g g%
Kansu:m&t Texas . . P ‘ 27%} ?,;“ %x
3 ¥ iy g
Khsgl?:wmna Steel .| 72%| 70
' FRUITS, VEGETABLES, I
¥
Following are wholesale prices to retail
rs:
&()UL'I’RY. BUTTER, E(‘S. FISH, OYS
. TERS <
3 Butter.
Fresh country, jer pT“nd oia x ' .35
Eggs.
Fresh country, candied, dozen .50
Live Poultry.
HONE, DO POURE . ... oo oiiv.svs 4
Turkey, per pound ........... .45
Stags, pef pound .........40.. .30
;;rh-ru. DO PRI .B Ve Ab
oosters, per pound .......... .20
Pudele ducka, per pound ....,. .20 B
G .“Fcrp0und,........‘... .25
CAUDEAE, OOEN" . i ssisies .40
- Fish,
Pompanoes, per pound ........ w 5
Mackerel, per pound .........s 23
TIOUL, .PF DOURA ol . s 22
Bottom fish, per barrel ...... 13.00
Oysters,
Belegt, per gallon' , ..., ... .¢o4o> 2.75
Btows,. per ERION. . s iuniiv.ink 2.50
+ FRUITS AND VEGETABLES.
(Cgrrected by Fidelity Fruit and Produce
’ (lommn(.)
Vegetables
Tomatoes, per crate ~....... .:{0003.50
Cauliflower, per crate ~.......3.00 !
Canadian turnips, per pound.. 23
Lettuce, APUM |, ... ohcrones 1000350
Cal. lima beang, new crop, p. Ibh. 47
Black-cyed peas, new crop, per
BIRE 01 P ks e A b ST
CIANTY: DET AR i)k divei ity 9.50
Bell peppers, per crate ....... 3.00
Onions, white, per pound ... .07
Irisk. potatoes, 150 p0und......6.50@7.00
Cabbage, per pound *......v.. 0561%
Sweet potatoes, per pound .... L 02%
Fruits,
Oranges, per box, Florida ..... 400@4.50 |
Grapefruit, per box ..........3.50@ 400"
RASHORA BEF DOR . . i sbs s sisnes 5 .00
Apples, fancy, owing to variety,
R ML Gby i e w anay i 3 015
Apples, fancy, owing to variety,
BALTOI o )i vvipsvescorossser:B.oool3.oo
Bananas, per pound .........! 06
Peanuts, fancy, hand-picked,
pq{pnun11,.,.,......4..,.“ Y b 4
Cali®ornia w#lputs, No 1, per
T R R R R T R .28
DRESSED BEDRF,
(Corrected by Swift and Company.)
No. 1, No. 2. No. 3,
I DOORE i e, 90 27 .23
Loins, pound .......... .38 .35 .36
Rounds, pound ~...... .22 21 .21
Chueks, pound ........ .14 _ 12 10
Plates, pound ......... .12 10 .10
NEW YORK PRODUCE MARKET,
NEW YORK, Feb, 11.-—Petroleum, firm,
Crude Pennsylvania, 5.50,
Turpentine-~Weak, 2,08,
Rosin—Easier; commeon, 18,76,
Wool-Firm; domestic fleece XX Ohio,
82@ 1.00; domestic pulled scoured hasid,
16@1.66; domestic Texas scoured basis,
1.006 1,165, . .
Hides—Dull; native steers, 41@45;
fl 11:30 |Prev. |
STOCKS— |High| Low | P.M.|Close ’
Lehigh Valley , . .| 40%]| 40%]| 40%]| 41 |
Loft. Candy . . . .| 18%] 18% 19%! 18%
Tee Ple C LT CHR R T ] S 0
LN .il iun bil 15504399
Maxwell Motors ..| 26 36 |2B 2514 |
Mo. Pac. (new) ..| 22%| 21 21 23 ;
Mex. Petroleum . . 166‘@'1(32% 166141165
Marine . . .. . .| 2940 -27%( 28%| 28% |
80P, 7 i oo kel vil ek BOW
Mid. States Oil ..| 313%| 29 31% ] 2815
Niaml Qopper . il v ] otk e 212}
Midvale Steel ~ . .| 44%]) 44 44 447%
National Enamel “.| 70%| 70 70 70 ‘
N. Y, Central ~.} 66 65 65% | 6614 |
N. Y., N H & H. .} 24%]| 23%]| 20%| 26%
National Lead .. . 75? a 4 {4 T 6% |
Norf, & Western ..| 90 Hol%| 906151 9014 i
Nor. Pacific . ... .| 70 68,1 69 89;2
Nev. Con. Copper .| 14%| 1414 1414} 1415
N. Y. Airbrake . .| 983 968 | 963 | 99§
Okla. Pro. & Ry. .| I%| .7%| 7%| 8 |
Ohio Oities Gas . .| 421;| 414;| 42 4315
Pennsylvania . . .| 405 lgw 40151 403
Pierce-Arrow ...| 55 |8 64-’%} 551
Punta A, Sugar . .| 78%] 78%| TB%]| 80
Pressed Steel Car .! 8% 88 |B9 ‘B9
Pullman Co. . . . .[llo%[llo%{llo%] ...,
Pan-Am. Pete. . . .| 76%| 72% Jl"/. EE
Pare Marquette . ..., ... %] 26
R e SRR SR s e T
Ray Consolidated .| 19%/| 19%| 198 | 1915
needing o s vABG 4% | 66% | 66%
Repub, L. & Steel .[lO4 [1017%110314 (10215
Rock Island .. . . t%',fi 24 2411 24
do pfd. “A” . .| 661] 65%| 661%| 66
Rwy. Steel Spgs. .| 90 8911 90 90
Royal Dutch (new) | 9616| 94%5| 0635] 941
Semrnsßoebnok . o o Lol iyl .oy 1818
Bloss-Sheffield , '.} 68 67 67 69
Stromberg Carb. , [{ 631 | 63%( §334] 06
Sou. Pacific . . . /.| 9046| 888 90 0014
Sou. Railway ~ . .| 18 18 18 o
‘ ao pfds o i etib2 52 52* |53
Studebaker . | . ,88 |B4 |BS | 86%
St. L. & Ban ¥, . .| 16%| 15%] 16%{| 16
Sinelair Ol . . . .| 36%/| 361! 36%| 35%
Stutz Motor . . ~ .1110 [105%{106% (113
oel e i el
Swift & Co. . . . .[119%1119% 11836 . ...
Saxon Motor . . | 16% | 14% | 14%| 156%
Tob. Products . . .; 69%] 683 69 Tl%
Menn. Copper . . .| ..., ‘ %
Prans. Cont, Ol . .| 21%| 20%| 213! 2134
Texas ;oil . . . .|l7os [1661%]169 }l6!
Texas Pacific . . .| 28 | 27 27%1 28
Upited Fruit . . .J 179 (176 [178%%[178
Union Pacific . .Innt_.‘m 112 {ll4
Union Oil . . . . .| 28341 277%] 28%| 28%
Unit. Food Prod. .| 57 HETRIE AR TS
1. 8. ‘Rubber .. .| 99 96%! 99 98 %
N -Realty Uos . JF 0 or 4
0 8 Bteel. . . .| 98 96%| 97% 97&
PN v LGI ek A dik
Unit. Retail Stores |7l 0461 70"“ I%’
Utah Copper . . .1 70%1 70 0% 69
Va.-Car. Chem. . .| 61 |6l| 61 a 60
Wabash .-: . ... .1 "T%] 7% ™% '7;2
do pfk VAR -, ]0 b it
Western Unto®®, .| . ...| ...l 00..1°8%
Willys-Overland ..| 26%!| 243 |24 2614
Woolworth .- 0 i . ,e:s ,4..1'...‘120
Westinghouse . , .| 60| 49%| 5014| 50
White Motors . . .} 52 50 ‘: 51%a| 611
Wilson Pkg. Co, . 68%__1 681,4‘ 6814 | 6_B___
| . BONDS, 7
U. 8. Liberty 3%3.1 ] ! v o 196,80
‘ g 0 IR AN .ol s TN
‘ , do 2d 4s. . . .]90.20{90.20(90/20!90.40
: do 3Q 4%5. . .[93.56 03.’0 93.50'93.“
| do Ist 4., .i RO Ae )
i do 2d 4%5. . .191.00(90.80/90, 80190 .80
\ do 4th 4Ys, . .191.10'91.0(\ 91.06191,10
do gth 458, . J 97.90 97.90“.90 97.70
do sth 3%5. . [|97.76(97.76(97.76/97.68
Call-Mobew Lot o] 8 aBl o 8 b
! $
branded steers, 3414 @ 35,
~ Coffee—Easy: options gpened 2 to 20
points lower; Ilio No. 7,\Fmt. 14.54.
Rice—Firm; domestic, 9% @ls.
. Molasges—Firmn; New Orleans open ket
tle, 1.02@1.12; black strap, 12@21,
n!'l)t‘xw Sugar—Easy; centrifugals, 12.75@
Refined Sugar—Dull; fine granulated,
15@ 16,
Potatoes—Firm; nearby white, 4.00@
8.75; Bermudas, 7.00@13.00.
Beans—Sßteady; marrow cholce, 11.75@
12.60; pea choice, 7.76@8.00; red kidney
choice, 14.75.
Dried Fruite=Dull; apricots, choice to
fancy, 32@3%; apples, evaporated, prime to
fancy, 20@263%; prunes, 308 to 603, 1814 @
28; 60s to 1008, 13@16; peaches, cholge to
fancy, 21% @256; seeded raisins, choice to
fancy, 21% @29%. . .
| l::
5 { Bid | Ask,
Atlantic Steel Co., eommon ~| ‘! | o 5
G 0 DEG. 5 4is s L kiaavidussil B 9 95
Augusta and Sav, Rallway.....| 92 99
Atl. Tce a&n Goal Corp. y.eaa.l 81 g 3
AO, PIOL. . vivouiensnssivein] 88 B 4
Atlantn Trust Co. . ooievene 1100 FoLily
Atl. & W, P. Ra11r0ad........|146 |l6O
Atlanta National 8ank........1300 |3lO
Fourth National Bank . .....[876-T.....
Citizens ana Southern Bauk ..!27% Lol
Bibb Mfg Co. (Muc01)........’fl sesen
Exposition Cotton Mills ......1860 [.....
{ Fulton National 8nnk.........'1“ S aban
Empire Cotton Ofl, common, ..l §1 85
80, PPOL v asisss b vevu eis L. IBML B 8
Eagle & Phenix Cot. Mi115,...J200 |.....
Ga. Ry. and Banking C0......[230 }235
Ga. Ry. and Electric C 0....... 106 (100%
do. 6 per eent. ... .cisve, o 14 76
Ga. Ry, and Power, Ist pref.,.| 70 6
do. 24 pref....coecevisones] 13 15
do. COMMON......covoessse]l 10 12
Bouthwestern Ra11r0ad........| 93 8
Socurities Baies Co. .........-|146 |)......
Trust Company of Georgla ... .‘360 I $ ks
Lowry National Bank ......../1240 |.....
ATLANTA PROVISION MARKET.
(Corredted by the White Provision Co.)
Corntiel dhams, 10-12 .........000.0 31
Cornfield hams, 12-14 .........000 31
Cornfield skinned hams, 16-18...... 31
Cornfield pienic hams, 5e8....0.... 22%
Cornficld breakfast bacon, wirte or
BOIPOW o i vis i tymirmiesiibvnn 43
Cornfield sliced bacon, 1-lb, pack=-
BEON, 18 20 COBB. (.. v aaiiiinahe B
Grocers’ bacon, wide or narrow..... 81
Cornficld pork wsausage, fresh link
Of bulk ..., i ovlee. Fnanrsanihos 2%
glornficid wieners in 10-Ib, cartons., 22
Cornfield wieners In 12-Ib. kit5.....3.00
Gornfield bologna sausage in 26-Ib.
DR .ii i vara e bR R R
Cornfield smoked link sausage 1n 26«
LN TLN T e N T
Grandmother's lard, tierce basis,.... 29
Country lard, tlerce bOsis, ~ ........ 27%
Compound lard, tiercesbagis.....,,.. 26
B extrn Il s b s iiie .3%
N, &, bellles, HEht KVOrnKo. . ... ooeus 22
D, 8. bellios, mediuin AVErnge, . ivees 22
NEW YORK, Feb. 11,—There was
an irregular tone to the stock mar
ket at the opening today with the
price tendency generally being to
higher levels, 0
- Steel Common rose 3-4 to 97 3-4.
General Motors rose 3 1-2 to 2BW.
American Woolen, after its violent
decline of vesterday, sold 4 1-2 higher
at 126 1-2.
Baldwin Locomotive advanced 1 5-8
to 109 1-8 and Republic Steel made
an equal gain to 103 3-4. Studebaker
rose a point to 88 and Pierce-Arrow,
after selling 2 1-2 lower at 53, re
covered to 54 1-2. All the railroad
stocks were in supply, New Haven
falling a point to 23 3-4, Northern
Pacific 2 1-4 to 68 1-4, Reading 1 1-4
to 65 1-4 and Southern Pacific to
90.
Marine preferred continued under
pressure, dropping 2 3-4 to 78.
American Can yielded 2 1-2 to 43;
Tobacco Preducts 3 1-2 to 68 1-4
and United States Rubber 1 point to
98 1-4,
Mexican Petroleum rose 1 1-2 to
166 I@, while Pan-Ameriean Petro
leum fell 1 point to 74. Texas Com
pany, after yielding to 167 1-2, rallied
1o 169. :
After the early advances there was
renewed lidquidation in a number of
issues during the forenoon, especially
the closely held specialties which
found little support and broke vio
lently at times,
Studebaker droppedemearly 4 points
to 84 1-4, while Stutz Motors broke
8 1-2 to 106. 2
Steel Common yielded 1 point to
96 1-2 and Baldwin, after selling off
to 107 1-2, rallied to 109,
The railroaq issues were in sup
ply, Southern: Pacific yielding fur
ther to 89 3-4. Pan-American Petro
leum dropped 2 points to 73 and Mex
ican Petroleum, after seiling up to
166 1-2, broke to 163,
INEW YORK CURB STOCKS
| The market opened heavy.
| *Stocks— Open,
I'Avtna WRM & Ciiiasihvsvnien N 0 8
IfAfiglo Ammn. Qil .. ... .. L., 244 @ 25
‘(‘onsnlldmfi-d COPREr i .vevics 4. @ B
| Cosden O Spisapassearesnves 8 @ BY%
LlNnGiant PIDE . cccivivviies DE-Q 92
[Tater Pata .K... i v B @O
| Lehigh Valley Coal ~........ 832 @ 87
FDRRIIR o 5 v vag i snanases ‘SR D- 28
MATBOM .or v iiiabins shiasy REGDY %
L METTItt OR 0. icier aeshtuivs ISO 1916
| Midwest Ol ... idiL E il IKo 14
MlAWedt IS, 5i s cvn s vnds A 8 @l6B 7
| North American Pulp ........ ‘5% @ 6%
OBID M 55 i sisnne faiaah 388 280
| Praipie Of oo 00t 00l 1000 8010
P Sahmarine Woat Covdgrees sbd 13 14
18, O New Yo#K: .s. vevecissr 303 @3OB
(8,90, Now Jersey . ~.v.i0n.:2800 @O9B
LBO, Callforpla ~ ovvvei oyiia3ll @215
Lw Qi TOQIABN "< veyosvivgr .o 2 080 @7OB
Union Tank . ... 080 csves. 206 2. @IOB
SVlctoptß (O Ly i waasa citev s 4300 x&
JCOpS: APIRORE ' oiovyirenisne %g
,Nlmsnlnzu..,.‘.. s e 10
| Boston Wyoming Oil ...... 14%@ 3-16
LGlen Bdale 0.. o iy B Y
[ Island Oil & Transport ...... § 5
|U, 8. Bteamship ... evvoocos 3% 3
lSnpulpn Skne ebR R Ay IR 6
[Brazos .. ...\..0i00 teveenin 1B gzo
i(\klnhomn. O o hisonenidihves: O 8 ?
VRN ei v et et e 28 g 3
INUDNANY «co.vovse Rbseersass 188 21
tOAPDIde Ll iie Geiiieeees 31 @ 34
FMBKInIeY ... ofs cvsivenees 80 @ 88
BEPE TR (. civeenriasenss g%@ 414
Rhlips Peote ... is.vissredcs B 38
PIRANtON . ... nensasvenee 0148 ]
IBimms Pete .....civisess.es 3B 361
ISnntn OO . nsissgarsey 80 B 14
White Ol s....ciisvssuvses 6% @ 27
Chalmers iMotors .....ovees.. 3 g 17
RMBRRIY & i eveaenie BB 85
Ink Con. Rubber ............ 10 @ 15
MAFIRAA .., ...chaserss svenes BY &
U, 8 P Bhar. . ...sécireves 2% 2
PROTION (. i ivsiee wriioess &0 45
POPEIN Lo v Sanasienisrs B A B
InA PoCK, 00, «osresrsesssss 17T @ 17135
Maa B BIID,: Alesh rrsadiniads oSG BN
| Woyns Coll +.siiihicivenser AR 85
kell i Jo'ilh s uivssr snnsvsesns INE 10
Ray HerculeS .......cocooooes I’VZO 1
Bk BB sty B x 8
Tobacco Products ~.ccvsevee. 8% 9
Boone Ol oy oificiisavvicases SO Y
BWestS ... visiricse:-ssasnaris B g 7
Allled O .. civsvvsnensvasens S%@ll-16
LPEIROOK i csen aamakesin B g 81
L R R B e L 6
Colonial MIFe .. isriisisssess. 3RO B
CHANDLER MOTOR EARNINGS LARGE. !
Directors of Chandler Motor Co. are
scheduled to meet for dividend action early
in March and earnings at the present
time are running at a rate to justify the
expectation that she present dividend rate
of $8 a share on the stock will be increased
at this meeting, '« 4
Shipments of cars in January, which ls
usually the slowest month of the year,
totaled 2,250 and an output of 8,000 ears |
is expected for the fivst guarter of the
year, ngainst a production of 15,000 car’{
in 1919, * Net earnings in January were |
£BOO,OOO and an official estimate of earn-i
ings for the first guarter of the year places |
them at $2,700,000, or at the annual rate |
of ssl a share before taxes. §
The car qharmge is not hampering the |
company's ‘deliveries as shipments are be- |
ing muade overland when railroad space is
not aveilable, &
‘ U, 8. INDUSTRIAL ALCOHOL.
\ U. 8. Industrial Alcohol Co. directors
will meet Februaty 19 to act on the
common dividend. The regular 2 per cent
quarterly divident is expected.
Annualgreport for 1919 will not he pub
fished for several months, It will show
'N)mpfl.ny irn best financial position in its
history and with working capital much
fraproved over recent yen:‘. i
Although part of 1919 bisiness was con-
Aucted on a readjustment hasis, earnings
wers highiy satisfactory. Demand for com.
mercint alcohol was large and demand for
alcogas, a nax patented motor power fuel
developed last year, exceeds production,
One of the largest customers for this lat
ter product is the U. 8. postoffice depart
ment, which, after extended experiments,
found It wnore potent for the use of air
‘mail planes thah gasoline, and also eco
;‘nlcnl. x
eel A
| FINANCIAL BUREAU ON STOCKS,
NEW YORK, Feb. 11.—~Much discussion
of heavy Mite selling of stock Tuesday
and many bhaelieved there must he some
spoclal incentive for the pressure, ‘Those
opposed to active pesition were generally
on the bear gide and prelicted further de
clipe, lln some quarters it was insisted
that the inogntive for the late gelling was
furnished by reports of unfavorable fi
;nnn:-ml conditions in Germany. Other
fnterests believed the severe losses and
‘heavy bhusiness might mark the climax of
"lm decline, Congidrabhl imporanc is
nttached to the possible early ratifica
tion of the peace trenty.
| The reduction in ecall money to 6 per
cent with & large amount of funds left
over after the clogse eliminated this for
\nmr disturbing influence,
The sharp rally in sterling after early
wenkness was the feature v‘f the foreign
exchange market, %
ee e e o
FINANCIAY, NEWS, *»
Export trade of flr‘} Britain In, Janu
ary totaled 105879,000%p0und5, an increase
of 58,000,000 pounds over January, 1919,
and a new high record, \
8 0
The Finagial Bureau says: “Maintenance
of high money rates, continued pold ex
ports and the fhrontenlmx railroe strike
are referred to as unsettiing. llf the pro
fesglonal element fails to break prices
Wednesday, however, it is expected that'
a broad covering wmovement will take
pluce on the prospect of pedco Lreaty
lruxinutwn next week,
; By BROADAN WALL.
NEW YORK, Feb, 11..—With call money being offered at 6 per eent and
the United States Steel Corporation reporting an increase in unfilled orders
for the month of January amounting to 1,020,078 tons, stocks broke badly
Tuesday and closed the session with prices of the standard issues down
from 3 to b points from the previous final flgures. Specialties like General
Motors and American Woolen ended the day with net losses of about 10
points each. New low records for this year were made ni many directions.
At the opeéning quotations showed frac
tlonal losses and for a time#it looked as
though the list would rallg when the
call money rate eased off é 8 per cent
and the Steel Corporation issued its fa
vorable unfilled tonnage, statement, The
market, ' however.. lached purchasing
power so that when the bears began a
drive in the early afternagn quotations
vielded easily under the qgvadt.‘l‘shlp of
General Motors and Steel common; both
;;'”‘_flhlc.h touched mnew bottoms for this
In the last hoflr there was a feeble
rally but twenty minutes before the
close acute weakness developed in all
directions and prices were fading away
when the session clos«d. Stop loss or
ders weré¢ encountered on the way down
and this aceelerated the decline.
The volume of business transacted in
creased as prices depreciated so that when
the gong sounded for the end of busincss
the ticker tape was about eight minutes
hehind. Shortly before the close call
money was offered at 6 per cent but ap
parently no attention was paid to the low=
ering of the rate, ;
The fact that the market developed
weakness in the face of favorable news
was rlinheartonlnx to those who have been
predicting that lower money rates would
furnish the basls for a sharp rebound.
Trading was considered highly professional
with the hearish ;‘lemam. dominating.
Announcement that the railway = em
rlnyeea would strike on February 17 un
ess granted an increase in wages had
an unfavorable influence on the market
for rallway shares which has been thin
for weeks. Sduthern Pacifie, which is
considered most favorably a ng the
rails becnuse of its equities In oil lands,
lost mnearly 3 points and scld at a new
low for this movement. Union Pacific
was also offered in liberal volume at the
expense of quotations wnd closed with a
net loss of nearly 4 points. Considering
that Texas and Pacific sells for a low
number of dollars per share, its drop of 4
points emphasized the weak technical po
sition of the rails, }
Railway executives state that prepara
tions have been made sor the return of
the roads to private wwnership on March
1, but even with the passage of “the pro
posed new railroad legislation there are
prominent bhankers who believe that this
will not prevent a number -of . receiver
ships and bankruptcies that are expected.
Large houses report steady liguidation
of securities by Buropeans, especially
British investors, The securities include
bonds and stgeks of railroads, industrials
and some public utilities.
Large commission houses report that
their customers are stubbernly helding on
to their securities. Calls for additional
margin are followed by the receipt of
large amounts of funds by these brokerage
houses.» One firm today received n-nr(l‘y
$750,000 in cash in response to a call made
on soma custgmers. There 18 also :wne
eash buving of stocks, but this is on a
light seale,
Middle States Oil was strong most of
the day and was one of the few stocks
te close above the previous final quota
tion.
South Furnishi
outh Furnishing -
New Y i
ew York With
The South has furnished New York with
more banking talent in the past few years
than any other section of the¢ country can
boast. 'This observation s g{ven point by
Ithe announcement Wednesday that Frank
K. Houston, a Tennessee boy, has been
trlocted vice president of the Chmiecal Na
tional Bank of New York He goes there
as an associate pf Perey H. Johnston,
président of this staunch old institution,
a Kentuckian who hm been in New York
Jéss than three years, going there from
the Citizens' National Bank of Louisville.
Mr. Houston goes to the metropelis from
Bt. Louis, where he has been several years
as vice president of the First Natinoal
Bank, although he started his banking ca
[reer as secrotary of the Tennesee Bank
ers’ Assocfation.
. The Guaranty Trust Company, which I 8
| the largest institution of its kind in this
country, has added nine Georgians to its
staff, two of whom, Eugene W, Stetson
and Merrell P, Callaway, of Macon, are
vive presidents, whilg two others, John M.
Ross of Macon and Kenneth Ward-Smith
of Atlanta, nre;uluumt treasurers. New
Orleans likewis¢ furnished the Guaranty
with one of its most prominent vice presi
dents, A. Breton.
Other New York 'banks which haye re
cently called Southerners to official posi-
I'Nmm are the Chatham and, Phenix Na
tional, Irving National, Metropolitan Trust
|(‘om|m.ny, Nuational Bank of Commerce,
fnn-l the National Cit¥ Bank, while various
others have appointed Southern men to
importent unofficial posts. &
b — s
NATIONAL CLOAK & SUIT.
The National Cleak & Suit Co. reports
net earnings for the year ended December
31, 1919, nm‘r providing for taxes and
preferred dividends, of $1,344,458, equal to
$11.20 a share on the company's stock,
Tor the year ended December 31, 1918,
| the company reported earnings of $997,861,
lvquivnlent to $8.31. Net sales In 1919
]rl'.'n'hwl a new high record figure, aggre
| gating $39,419,986, an increase of $6,867,061
| over those of 1918,
| e e
. PEOPLE'S GAS, LIGHT & COKE CO.
| The People's Gas, Light & Coke Co,, re
ports a surplus for the year ended De
' cember 31, 1919, after all charges and
| taxes, of $65,208, This is equivalent to
16 cents a share on the $3%8,600,000 out
standing stock eof the company, and com
pares with a defictt of $1,866,628 reported
in the previous year. Gross earnings last
Iy--ar showed an incresse of $2,965,398, to
talling $24,643,798; operating expenses
lnhowud an increase of $1,319,036.
$304,877,000 Subscribed
. .
For Treasury Certificates
WARBHINGTON, Feb, 11{—Secretary
Houston announces that the total amount
of subscriptions for treasury certificates
of indebtedness of series TM-4, 1920, dated
¥ebruary 2, 1920, maturing March lil. 1920,
was $304,877,000. The certificates of this
series bear interest at the rate of 44 per
cent, and the subscriptions closed on Feb
ruary 6, 1920,
The subscriptions were divided among
the several Federal Reserve Districts as
follows:
Bubscriptions
Districte— Allotted
BOSLON .ov iabinssssnssnssvsss o 1,008,500
M. WOPW. i viesiesnesanidysive SUETE. 000
Philadelpbis .....oivssroiones 10,416,000
Oleveland . isdiisesivisisoriace 38,043,800
Richmonad ~cicecassncssessonn 7,093,600
Atlanta ... cianeesrsiniiniine 9,276,000
OBIOREO. i vaisbsssebrsasrdsgr - DHLININE
B TOU oiovessoMenvsipraind 9,421,000
Mlnnm;lmlln 8,969,500
Kansasg® Oy ...oovaveesneneses 16,000,000
TMEIARE s inanidsassrhbrinens - SHTTRING
San Frencisco .......vevevsess 25,260,000
TODPAL. .. vioensses.s3o4,B77,ooo
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| KRIEBEL &'C_O.l
Investment Bankers
152 H South La Salle St., Chicago
T
(bt |
CHICAGO, Feb. 11.—Leading com
mission houses had good buying or
ders today when the corn market
opened and took most of the offer
ings at prices ranging from 1-4 to
5-8 lower,
Trade was moderate in oats with
little pressure, opening prices being
1-8 to 1-4 lower followed by prompt
recovery.
Provision offerings were limiting,
short covering starting prices 5 to
12 1-2 cent higher.
CHICAGO GRAIN 3
‘ j | :1.30 éP’rov. !
| Open | Wigh | Tow |A. M. [Close |
Corn | |
May I 128161 130% | 127 129’( 128
July 1263 | 127%| 124 126%| 128 ’
Sept. ; 123%1 124%| 12 123% ) 123%
Oats |
May 77 78%| 76 8%l 7T% |
July | 69%| 70% 8| 0% oom
Pork
May 34.37] 36.00 [34.31] 34.90] 34.25°
wily friscd o Ganl Ll sil TR
Lard | ~ 1
May 21.25( 21.85] 21.10] 21.25( 21.20
'l{x;a 21.771 21.80{ 21.57] 21.%2]. 2170
May 18,45| 18,50 18.30 f 1850 18.37
July | 19.00] 19.00 Is.Bof 19000 1590
o ———
ST. LOUIS LIVE STOCK MARKET.
ST, fioms. Feb. 11.—Cattle, receipts,
4,500;" market strong. Native beef steers,.
15.60@16.75; yearling beef steers and heil«
ers, 10.00@12.00; cows, 9.75@10.00; ltockl
ers and feeders, 10.00@10.75; calves, 16.00@:
17.75; canners, 5.50@7.50. i
Hogs, receipts, 18,000; market, 5@ 10
higher. Mixed and butchers; 15.26215.7531
good, 15.10@15.50; rough, 12.5¢@15.75.
Sheep, receipts, 2,200; market, steady. |
Fwes, 10.00@12.00; canners and choppersy '
5.50@6.00; lambs, 20.00@20.35.
ATLANTA LIVE STOCK MARKET.
(Corrected by W. H. White Jr., President
of Whiyte Provisien Compsmy.)
Good to choice steers, 850 to *
1,000 pounds ..............$ 9.76@10.50
Good steers, 750 to 850 pounds s.sosw.ofl
Medium to good steers, 750 to
850 pounds ......iseoenvnay 8500 9.68
Good tgo choice beef cows, 750 i
__to 869 pounds ............ B.oo@ 8.50
Medium to good cows, 650 to
700 pognds . ....ii 0w iiie ¢ 100 1.8
Good to choice heifers, ESO to
BSO ‘pounds ... e EROOO SOO
| The above represents the ruling prices on
good quality fed ecattle. Inferior grades
and dairy types qguoted below:
Medium to good steers, 700 to
800 pounds ................% 7.50@ %.50
Medium to god cows, 600 to
TOO POUTHIB /.iivisriinsa e RS %0
Mixed common cows ........ 4.50@ 5.50
CGood fat oXen ... ..o viveine 500 05
Good butcher bulls ~........ 6.50@ 200 .
Choicoe veal calves .......... [6.50@ 8.00
YORPHDES .5o iiivasssineine. AT SOO
Prime hogs, 165 toe 225 pounds 13.25@12.50
Tdght hogs 135 to 165 pounds 12.25@12.50
Heavy pigs, 100 to 135 pounds 10.26@10.50
Light pigs, 60 to 100 pounds 9.25@ 9.50
The above applies to good quality fed
hogs.
JACKSONVILLE LIVE STOCK.
Hogs—Receipts, medium; prospects,
steady. Choice heavy, 13.00@13.28; l!otg\
heavy, 13.00@13.25; orough heavy, 12.00
12.25; lighys, 12.00@12.25; heavy pigs,
1].00@]!,{“:!“ pigs, 9.00@10.00.
Cattle—Receipts, light; prospects steady.
Steers, 5.50@12.00; bulls, 5.00@7.00; year
lings, 65.00@7.00; cows, 5.52@7.50: veal
calves, B.oo@l2.oo.—Williamson and Def~
nis, February 10, &
CHICAGO LIVE STOCK.
(By U, 8. Bureau of Markets.)
CHICAGO, Feb. 11.—Hogs, receipts, 13«
000; market 25 to 30 higher; some light
hogs 40c¢ higher. Bulk, 14.60?16.50; top,.
16.60: heavy weight, 14.40@15.00; med!u’
weight, 14.85@15.30; light weight, 14.86
15.60; light lights, 3¥4.756@15.50; heavy"
packing sows, smooth, 13.60@14.25; packe
ing sows, rough, 13.00%13,60; plgs, 13.78,
15.00.
@(‘atua receipts, 7,500; market generallys
steady. Beef steers, medium wg holvy;
weight, eholce and prime, 15.00@17.005
Heht weight, 11.006 15.00; good and choice,
12,006@16.00; common and medium, 8.50@
12.00: butcher cattle, heifers, 6.50@10.503
cows, 6.50@11.25; bulls, 7.00@11.00; can=
ners and cutters, cows and heifers, 5.26@ |
6.50: canner steers, 6.25@7.75; veal ealves,/
light and handy weight, 16.36@17.503
feoder steers, 7.856@11.75; stocker m#
7 00@10.50; stocker cows and heifers, 6.
@9.00; stocker calves, T.76@10.10. :
Sheep receints, 6,000, Market 2
higher, Lambs, 84 Ibe. down, 19.00
21.65; lambs, culls and common, 15.256
18.50; vearling wethers, 15.50@19.16; 0'&
11.25@14.25; ewes, culls and common, "
@10.26; feeder lambs, 16.75@18.00.
NAVAL STORES, ]
! SAVANNAFH, ¥Feb. 11.—8pirit: Regularsg
' 1.96; sales, none.. 3
| ““Rosin: Northing; WW, 20.75; W
90.50: N, 20.60: M, 19.75; steady; K, 18.60
1, 11.983 H? 17.76: G, 17.76; F, 11.76;
17.78; D, 1 .75:fl8. xz.‘so. L (
Receipts: Spirits, ; rosin, g
Shipments: Spirits, 6: rosin, 842; stooksgy
spirits, 9,098; rosin, 36,215, 3
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