Newspaper Page Text
Cotton Breaks Then Rallies on Covering of Shorts Over Holiday Thursday—Securities Drop Following Early Substantial Gains
S g |
Y &%
HUGE ENG. MILLS" PROFITS;
USING 60,000 BALES WEEKLY
Atlanta bank clearings Wednesday ... ... ... ..$11,515618.02
Sa.xfe DRV IR VORr . ... sy e ons v BIGDAGHO
UL SR A S I ee T
Same day last week |
e day wael ... L. Lo o At v2L BBOIOT TS
Same day last year .... fee e e see ees 8,566,670.90
* o
Atlanta cotton statement Wednesday: ;
4 1920. Last Week., 1919, 1918.
Reosings ... ... .o sBl LG » 3,605
Blonments .. ... 0. 03000 1R : 2,418
BUOOEE .. ... ... o 2 00000 5826) . 49,017
2 ’ * 2 ®
Atlanta spot cotton Wednesday..... ... ... ... ...... 38.80¢c
Rs s T
B B B e i il aaans A
OMIS . i e e
* s ¢
*Holiday. X
EXCHANGES CLOSED THURSDAY.
.. All leading American exchanges, with the exception of the New
é)‘rleans Cotton Exchange, will be closed Thursday in observance of
Lincoln's birthday. Foreign markets will remain open.
By VICTOR BARRON.
A better tone in foreign exchange, exhibition of rallying power in the
stock market, strong cables, easier call money rates, whiie being offset to
some extent by the labor railway situation, gave the cotton market a stead -
T—" 16T undertone at the opening Wednesday. Prospects of
GRS early ratification of the peace treaty also was a helpful
factor. First prices were § points lower to 10 points
fl} higher. A small rally after the call was followed by a
0w N fresh selling movement, causing values at New York to
?;%f’é& break 27 to 48 points, with March falling to 34.43, May
5 Q/‘&“ 32 cents, July 29.99 and October 28.02. New Orleans was
e a good seller Spot houses also sold. During the late
\‘«“ forenoon demand broadened, chiefly covering of shorts
b«. 4 @ over Thursday’s holiday and expectatfons that a com
“% B B promise will be reached next week on the treaty. Under
“”M 8 this demand the market regained practically the entire
;m 8 decline, with March rising to 34.72, May 32.20, July 30.14
Y e and October 28.29.
: SRR Bears are trying to capitalize the threatened strike
w%& > of railroad employees, but in the event the strike mate-
S rializes it would be a bullish item in that it would check
L« . B B movement of cotton to the mills and ports and inter
‘;;jfifa’:?:fé:?“'?.;::"‘_ %@ rupt movement, of fertilizer. Continued . unfavora-
B % hle weather also is working against the bearish
element, and with the technical position of the market
s 0 extremely strong, the market is in a good position to respond considera
bly to any favorable news with regard to the treaty and money situatipn.
It,. is"believed in some quarters that the course of the stock market will
sovern the cofton 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 the upward movement will nßt take
place until about the middle of next month,
The market developed considerable
strength during the late trading,
chiefly as the result of short cover
ing, easier money and continued
stubbornness on the part of Southern
spot holders. All positions rallied to
new highs for the day, with March
at New York rising to 34.85 and May
to 32.46, or more than $2 a bale from
the low levels.
Final prices at New York were 2 to
2 points higher on near months and
7 to 22 points lower on distant
options. \
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
04,556 bales. Since August 1, last,
exports amount to 4,057,083 bales.
+"The census report on supply and
distribution of cotton during Jan
uary is expected to be issued Satur
day. The report will make bullish
reading in the opinion of the ma
jor‘ty, especially as to domestic con
sumption and exports during that
period. Active spindles are expected
to sho wa new record.
The bugaboo about re-shipments
of cotton to this country is on the
wane. 2
How absurd is the report that Eng
lish buyers would reship cotton is
shown *by the report issued by the
Bureau of Markets at Washington,
Mter receiving private communica
tion from abroad, showing that spin
ning mills at Manchester and Liv
erpool, England, are making profits
ranging Yip 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 length of time an
imbargo agains® importation of
American cotton. :
It is said that the mills need a sur
plus of raw cotton of at least 370,-
000 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 has the
following to say with regard to mills
enormous profits made on cotton:
Mill profits are so great substantial re
duections can be made 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 strong hands.
With moods selling at $1.26 a pound
against 39 and 40 cents for the raw prod
uet, representing a profit for manufactur
ers of over S3OO a bale, there should be
no «e-tian as to who should bear the
b + Jower prices when the inevit
ah' vening in retail demand at pres
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THE GEORGIAN'S FINANCIALNEWS
Prices of Libert
| y
" Bonds Carried by
- National Banks
WASHINGTON, Feb. 10.—The comp
troller of the currency has given instruc
tions to bank examiners that they need
not, for 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 securi
ties by national banks. Banks will not,
however, be permitted to carry these bonds
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 recent decline
in the market value of Liberty bonds, and
the fall in price, he says, is no reflection
upon their intrinsic value and desirability,
but the lower quotations offer investors
an extraordinary opportunity to obtain at
very attractive figures the best . securiy
in the world. He adds:
“The people of this country need have
no" doubt of the abilty of this natian
now and always to meet in full every obli
gation and commitment, and it is the opin
ion of well informed students of the sit
uation that it should not be a long while
before Liberty bonds and victory notes will
command, not only their par value, but
probahly a considerable premium.
“Ulnited States Liberty bonds have al
ready been very widely distributed to in
vestors and digested. On November 17,
191§, the amount of Liberty bonds owned
by all national banks amounted to only
$829,000,000, which was less thau 4 per
cent of the total resources of the national
banks at that time.
“The incpme of the people of the United
States in excess of ordinary living ex
penses,” continues the comptroller, “proba
bly amounts at this time to more than
ten billion dollars per annum and less
than one-tenth of this estimated surplus
investable income, would be sufficient to
absorb in twelve months all investments
still held by national banks in Liberty
bonds.”
ent figures comes. Mills are undoubtedly
within their rights in ‘“selling at prices
determined by the universal clamor for
their product, but with planters’ organi
zations growing daily in strength cotton
men believe the day.hm! passed when pub
iic refusal of high costs can be passed
along to the ruination of the grower.
‘The world’s need of cotton products is
ns great today as it was two months ago.
If exports had proceeded this vear on the
same scale as last it 18 improbable that
anything alarming would have been found
in the situation. A temporary cessation
of demand following an extraordinarily
heavy one will still leave a high aver
age for the season’s shipments. The most
modest of demands for the next gix months
would bring about the expected reduc
tion fn the carry-over and maintain the
present price level,
“The grower is also to be reckoned with
If it were probable European shipments
were to be indefinitely cut off, the im
mediate result would be a switch to other
erops, for it must be remembered that
the new crop is not vet in the ground.
“p, P. Flaherty is in receipt of a cable
from Liverpool! branding rumors on re
ghipment of cotton to America as all
|mngll¥ltlon and nonsensical in view of
the present status of Britain's textile
trade. Lancashire mills were r@nort& to
he expecting even greater J-roflt- this
year than last, when a dividend of 21%
per cent wne pald as compared with the
regular 5 per cent the year before.
“With product sold for six months
ahead, it was held as perfectly logical for
spiners to wish to see their supply of raw
material safely stored in warehouses in
England before the predicted shortscrop
of 1920 should have its effect on prices.
Talk of mill shut down and cheap cote
ton wag charaeterized as ridiculeus.”
|
|
<
NEW YORK, Feb. 11.—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 business
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 sft
uation seemed to be overshadowing
prospects for early action on the
peace’ treaty, and 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. March
rallied from a low of 34.42 to 34.72,
and May from 32 cents to 32.20.
‘ Covering of shorts over the holiday
and trade buying, despite the heavy
fall in stocks, carried the list to new
high levels for the day during the
afternoon, March rising to 34.85 and
May to 32.46.
At the close the margket was
steady, 3 points higher to 22 points
lower.
Spot cotton was officially quoted
unchanged «at 37 3-4,
NEW _YORK COTTON.
! ; | | i | Prev.
___OpeniHigh|Lowi Sale | Close | Close
Mar, [34.80/34.85/34.43|34.72(34.72 [34.70-73
Mav ,32.40|32.46;31.98!32‘33132.33-35 32.30-35
July [30.40{30.44/29.98/30.28/30.28-30(30.35-42
Oct, |28.45/28.55/28.02|28.2{28.28-30(28.50-55
Dec. ’zs.ooizs.ooyzs.sxmflo‘. vreeres|2B.oo
Jan. |27.40127.40/27.31/27.36]........1127.76
Closed steady.
NEW_ORLEANS COTTON. |
! | l jLast | Prev.
____lOpen|High{Low| Sate| Close | Close
Mar. |35.51|35.69(35.31/35.65|35.62-65/35.53-64
May . . . .|33.10/33.20/32.80/33.18{33.05-10
July [31.12/21.22|30.84]31.15/31,13-15/31.10-13
Oct, 28.55'28.59‘2&19 2&47128.46-48 28.15
DeC. Juuvilernrnlonsialess.n27.B7-89(27.82
i Fein b s i e olda A IT.OB T IRT A 8
Closed steady.
AMERICAN EXCHANGE.
Following were the ruling prices on the
American Cotton and Graing Exchange,
Inc.: ‘Wednesday :
| | | ] flPrev.
___ loponlHigniLow|CloselClose
Mar. , o . .....|34.82|34.85(34.40{34.72]34.75
Mey oo o' oNEE 32.40}32.00 32.31|32.28
July . « s « . . |30.38/30.42]30.01/30.27/30.36
O< s .tzs.m 28.50‘28.10 28.28[28.55
Dee, . . . . .128.02(28.05(27.66|27.75/28.06
| LIVERPOOI, COTTON.
. LIVERPOOL, Feb. 11.—Spots opened in
fair demand. Prices steady. Sales 8,000
bales.
American middling fair, 33.79; good
middling, 30.79; full middling, 29.79; mid
dling, 28.54; low, 25.54; good ordinary,
22.54; ordinary, 21.54.
Futures opened steady. &
| | |Prev.
I_ClpfplClpseiUlgse
February ...oeecoveeres:les...|27,oo/26.65
IMABrCh .....c05000000000.]86.38/26.67]26. 40
APHIL | idyiseqvasrane v ...‘.|2e.03 25.90
MAY .6cosecvnccsnssssess]3s.3o/25{44/25.38
June ![2484 84,81
WY i vanasnrbsiabecies [ BERIISE. SEIEE. 20
August .2378 23.63[23.74
Baptember .. .cvsvevasses]acess|Bß:B3l23.o6
OCtober ...........e.....|22.27/22.13122.55
November .....cco000000e]:. ...121.71;21.95
December .........c55...(21.47|21.28{21.56
Jan&a{y_._. .’21.15‘:1.g¢';21.2_4
Closed quiet.
SPOT COTTON. '
Atlanta Commercial KExchange quotes
basis good middling ................38.80¢
New York middHng ...........::5+.37.760
New Orleans middling (sales 505) ..38.560¢
Liverpool good middling ..........30.79d
Savannah middling ........e00.0...89.50c
Augusta middling ......c000000000..3%75c
Houston middling ......ccee0004...39.26¢C
Norfolk middling ........c5e0000...38.00¢
Philadelphia middling 4...........38.00c
Boston middling WU O R b L
Charleston middling ........000....39.25¢
Wilmington middling ..............37.25¢
Memphis middling .....ecceecoee...3o.ooc
St. Louis MIAANNE ....vceesrnnsas.39.ooe
Mobile middling ......cee00200....38.00C
| Montgomery middiing .............37.75¢
Little Rock middling ......:v......30.00e
Galveston middling ....evcvvvvanes 40'9,00
Dallas middling .....,.eeeveeeess..4o.3oC
COTTON SEED OIL.
| Opening. | Olosing.
Feb. . . o « « + -|19.50@20.40{19.50@20.60
Mar. . o . o o - +120.20@20.40{20.50@ 20.58
April + o o o+ o .120.20@20.50120.40 @20.55
e G .!10.26020.29[...........
June . o+ 2 o . +12026@20.50].......0400
U ks i 1.!20{;3004%07.230..........
W T IR s uis eN d o
B e .....}29;@_@@9._9_o
—_éi(;éfivstcaxly.
e e
ATLANTA COTTON SEED PRODUCTS.
Description— . » Price
Crude oil, basgis prime..........~5% .SIB.OO
Cotton seed meal cakes......(not quoted)
Cotton seed meal, 7 P. C..civeen-es 69.00
Georgia, common rate points...... 68.00
Cotton seed hulls, 5acked.......... 16.00
Cotton sced hulls, loose......ovuees 12.0?
T.nters, No. l.....cecvceesvsvsnnes .8)
Idnters, NoO. 3....vooococsrsvensns 03
COTTON MARKET OPINIONS,
Moss & Fergusen: ‘“The market is soid
out and purchases on recessions still ap
pear advisable.”
. . .
E. W, Wagner & Co.: “The trade 18
awaiting some new definite factor to glve
tendency to prices and that is likely to
come from pitching 'of.the new crop.”
*
8. M. Wald & Co.: “We advise pur
chases on weak rr.\uretz."
N
Bond, McEnany & Ce.: “The cotton
market shows resistance to selling pres
sure and with Liverpool cabling that
Manchester is taking on renewed activity
we should not be surprised to see a sharp
advance at any time."”
hip————————
MONEY AND EXCHANGE. »
NEW YORK, Feb. 11.—Call money on
the floor of the New York Stock Exchange
today ruled at 6 per cent; high, 8 per cent;
low, 6 per cent.:
Time money WAas SCaArce,
Rates were: BSixty days, 9% per cent;
ninety days, 9% per cent; four months,
9% per cent; five months, 91 per cent;
six months, 93 per cent.
The market for prime mercantile paper
was strong.
Sterling exchange was steady, with busi
ness ln.lmnkeru' bills at 3.37% for demand.
T. 8. INDUSTRIAL ALCOROY,
U, 8. Industrial Alcohol Co. directors
will meet ¥February, 19 to act on the
common q‘{vldmd. The regular 2 per cent
quarterly dividend I 8 expected.
Annual repert for 1919 will not be pub
tishied for several months. It will show
company ir best financial position Ine its
history and with working capital much
irmpraved over recent years.
Altbough part of 1919 business was con
ducted on a readjustment basis, earnings
wers h:ghiy satisfactory., Demand for com.
mereint aicohol was large and demand for
alcogas, a new patented motor power fuel
developed last year, exceeds produetion.
One ‘of the largest customers for this lat
ter product is the U. 8. postoffice depart
ment, w¥iich, after extended experiments,
found It tnore potent for the use of air
irall planes {han gase!ine; and aieo eco
nomical %4
‘ l ENTERPRISES DURING JAN. I
| A record number of new enterprises were organized under the laws of
‘the principal States in 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 Octobgr last, when 1,067 companies took out
charters, with an authorized capital of $2,863,635,200. In January, 1919, the
grand total was $492,079,400, and in 1918, $287,641,000, so 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 organize 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 continug active in the matter of forming new 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 SIOO,OOO or more:
v : 1920. 1919. “1918.
JANUATY coveeciocsnbsnsess $2,280,460,600 $ 492,079,400 $ 287,641,000
BRI oT i s iR 323,635,000 . 182,188,000
BERRON. .fn e i 370,871,000 197,071,000
}Apm 515,665,300 255,701,000
MY i e el 748,683,600 309,322,600
BURO el e e ENy aee ERY 1,265,427,500 227,243,000
P oie il s eddet bg e 1,419,539,700 185,726,500
BUBUEE )oo viiiiainiias k. St ke vin viee 822,746,000 144,786,000
‘September 1,946,954,600 214,820,600
!October 2,363,635,200 134,224,000
RN UVRIANEE "(i svn sit btk iT o 1,341,447,600 131,080,000
DIRCAIDEE . [ iha bit bke e g 1,077,545,000 129,951,000
‘ OIAL v N $12,678,229,600 $2,399,749,600
[_New York Stock Market ‘
Market closed weak. ]
Stock sales, 1,346,000 shares.
Bond sales, $14,152,000.
“ * | | Last ‘Prav.
|High| Low | Sale |Close
Allis-Chalmers .. .| 40}/ 39 39%| 41%
American Bino .¢ v dereosfarsusl 18
Amer. Ship & Com. | 18%| 18 18% | 19%
Amer. Agricultural |.....}.....}.....] 86
Amer. Beet Sugar .| 79%| 78%| 79 79
American Can .. .| 44 42, |42 45%
Amer. Car Fdry. . .{l2B [124 ([125%5{128
Amer. Cotton Oil .}.....J.....0.....| 46%
Amer, Toco. . . 5188 851 | 85% | 88%
Amer. Smelting . ..| 595| 5314| 5814| 59%
Amer. Steel Fdries. |4O 401, | 40% |4O
Amer. Sugar Ref. . {124 112355124 [124
Amer, Tel. & Tel. .| 97%| 063%| 96%/| 97%
Amer, Woolen . . .[126%(121 [121%[122
Amer. Lingeod . o Jeoiifmreslaasool TT%
Amer Snuff . . . .| 92%/| 92%| 92%| ....
Atlantic G. & W. I. [1443 (1413 (14155[144%%
Amer. H. &L,. . .| 21 10;9 21 211
do. pfd, . . . .|lO6 [104% (106 |106%
Amer, Tobacco . . .{237 237 .|237 237
Amer. Sum. Tob. . .| 83%/| 80%/| 80%| 84
Amer, Tob. Secur. .| 556%)]|. 6556%| 656%}.....
American Ice . . .| 39%]| 39%| 39%/| 39
Amer, Writ., Paper . i.i . iiiels cinst 88
Amer. Int. Corp. ..| 91 SB% | 883 |9O
Alloy Steel . ..( 41 41 41 43%
Alaskp Gold . . o Jeiade]ioavafisaee 1%
Anaconda . . . ..| b 6 551%| 56 55
Mtchison . . . . . .| 78 | 76%| 77 |79
Atlantic Coast Line.| 85%| 851 | 85%| 86
Baldwin Loco. . . .|109%{106% 107? 107%
Balti. & Ohio . . .| 29%/| 2814 | 2814| 29%%
Booth Fisheries . .| 10| 10%| 10| 10%
Beth, Steel “B” . .| 88 851%| 867%| 87%
Brook. Rap. Transit] 10%| 103} 10%| 11
Butte Superior . . .| 23%| 23%| 23%| 23%
Butte Copper &&ine!.....|.....}.....| 8
Onl. Peter™. ;.0 ‘ 29%| 295 2985/ 31
Ol Pacßlng . ~ il oo ntciass TN
Canadian Pacific . .[11974 (11514 {1153 [llß%
Chesa. & Ohio . . .| 495 1814| 49 | 49%%
ghica;a AN W 3RS 78 78 79
cl..l'uel & Iron ..{ 37 36 36%/| 37
Chi., Mil. & St. P. .| 32%] 30%/| 30%| 32%
B DR R ik e
Chino Copper . . .| 34%| 33%/| 33%| 34%
Consolidated Gas ..| 78 761 | Ts%| 76
Corn Products .. ' %! TT%]| T 7% 78
Coca-Cola . . . . .| 37%} 37%]| 37%| 37%
Crucible Steel . . .|214 (207 {2OB |209
Col. Graf. . . . . .| 39%]| 39% | 38%| 38%
Cuban Am. Bugar . {.....f....d1.....}400
Cuban Cane Sugar .| 43 421 |43 4214
do. pfd. , . . .] 795/ 79%]| 79%].....
Central Leather . .| 76%]| 72 73 | 76%
Chile Copper . . . .| 16%] 151 151 1614
Chandler Motor . .{128%]124 [124 (128
Obinmbis Gas . ) Jliiiidi il S
Corre-ae-Pasco . . «f..:fvoeilocov.] 49
Dela, & Hudson . .| 90%] 9014} 901%| 90
Breie-,ov voooh JLIINEITRT 1A RT 1%
QO. Pe& I 8 . L v o 18%
TEndicott-John, . . .1123%{120 [121%(123%
Fisk Rubber . . . .| 35 34 34 3514
Gen, Cigar Stores .| 58| 68%] 65681 | 60
Gen. Eleetric . . .|1564 [153 [1564 [153%
Gen. Motors . . . .1250151235 |238 |24614
Goodrich Rubber .| 69%] 6814] 685 | 6814
Gl Nor. P& o ol o ioiF voaak v B TON
Grt. Nor. Ore . . .| 36%! 35 365%1 35
Guilf States Steel .| 63 61 61 637
ORI Wl W v ) e i sl 28
Greene-Cananea . .| ...,/ ....] ....] 33
Tllinois Central . .| 82%] 82 82 8214
Insp. Copper . . . .| 61%| 61 51 51
Ind. Aleohol , s . .| 88 83 83 S 8
Int. %lckel v ol 20%] 20% \2Ol/. 20%
Int, ereaber: .-l ol ael e Atß
Int. Paper . . . f 7634|7334 74| T4y
Keystone Tire . .| 268 256%| 26 27T%
Kotlyslne.: Wpe ] i aailois 1318
Jai: Oty Wm. il ik b o ‘l4
Naneas & Temas .}l adid el T
B T TT R T ORERPy
|
| WEATHER FORECAST |
0
WASHINGTON, Feb, 11.—The weather
will be fenernlly fair tonight and Thurs
day in the SBouth Atlantic and East Gulf
States, with unimportant temperature
changes.
Forecast by States:
Georgia—Cloudy and somewhat ‘colder
tonight, preceded by rain on the coast;
Thursday, fair, ’
North Carolina—Partly cloudy tonight
ard Thursday; somewhat colder tonight in
east and central portions.
South Caroling—Cloudy and somewhat
colder tonight, preceded by rain on the
coast; Purlday. fair.
Fiorida—Generally fair tonight and
Thursday; colder tonight in extreme north
portion, '
Extreme Northwest Florida—Partly
cl;\;}dy tonight and Thursday; colder to
night,
Alabama—Cloudy tonight and Thursday;
colder tonight in extreme southern pore
tion.
Mississippi—Fair tonight; colder in ex
t:em‘a southeast portion; Thursday, partiy
cloudy.
Tennessee—Fair tonight; Thursday,
c'loudy; probably rain in southwest por
tion,
Louisiana—Fair tonight and Thursday;
light variable winds on the coast, mostly
northerly.
.
$304,877,000 Subscribed
.
For Treasury Certificates
WASHINGTON, Feb, 11|-—Secretary
Houston announces that the total amount
of subscriptions for treasury?dcertificates
of indebtedness of series TM-4, 1920, dated
February 2, 1920, maturing March 15, 1920,
was $304,877,000, The certificates of this
geries bear interest at the rate of 41§ per
eent, and the subscriptions clesed on Feb
ruary 6, 1920,
The subscriptions were divided among
the several Federal Reserve Districts as
follows:
SBubseriptions
District— Allotted
BOSON . :sscossvicasesassossss® 17,605,608
New YOrK ...coveivennorassnnse 107,732,600
Philadelpkla ....coiiooooooooo 10,416,000
Clavelatid ..ccveccosstenesenes 38,048,500
Richmond ..cecovcocssesrenses 7,093,500
AIADEA o cvsisnveciossninenns 9,276,000
CHICREO v oviiisivassarsssines §9,110,000
Bt. Tooulß ..ccocvevvvnsnnivsnes 9,4219000
Minneapolis .. ....ovvviivivnns 8,969,600
Kansas City ...cveveeviveness 16,000,000
Dallag .......cooooooooooooooo 14,868,500
San Francisc® .......oeeesooo. 26,250,000
TOTAL. ...000vu55e5.5304,877,000
VINANCIAL NEWS,
Export trade of Great Britain in Janu
ary totaled 105,879,000 pflufl%fl. an in:rease
of 88,000,000, pounds over January, 1%19,
and a new high record,
. I Last lPrev.
STOCKS— High| Low | Sale |Close
Kennecott . . . .| 28 | 27%| 27%]| 28
Lackawanna Steel .| 72%] 70 | 71%| 73
Lehigh Valley . .| 407%/| 40%/| 40%/| 41
Loft. Candy . . . .| 18%| 19| 1934 18%
B TEre oL Pl EE G Vi a 0
A W NG L e el e 1
Maxwell Motorg . .| 25 243 24%]| 25%
Mo. Pac. (new) . ,| 22%| 21 21| 23
Mex. Petroleum . .{16614|161 [16234]|165
Marine' ... .. 29| QB% | 2814 28%
do pfd, . . . .| 79%| 78 | 78%] 803
Mid. States Oil . .| 31%%| 29 | 31%) 2813
Miami Copper . . . ... coge] o.oof 3188
Midvale Steel . . .| 44%) 48 |44 ') 4%
National Enamel .| ....| ....| ....| 70
N. Y. Central . . .| 68 65 65%| 6634
N. Y, N. H & H. .| 24%{ 23%| 23% 35&
Nartonml kaad v ] ciaib biaa] wesil W
Norf. & Western . .| 903 | 90| 90%| 90%
Nor. Pacific . . . .| 70 | 681 69%| 6934
Nev. Con. Copper iael vus i paerl ANy
N. Y. Airbrake . .| 987%! 95 |96 |'994
Okla. Pro. & Ry. ..| 7%| 7%| 7%] 8
Ohlo Cities Gas . .| 423 | 41%| 413%| 434
Pennsylvania .. . .| 4085 40| 4014 | 407%
Pierce-Arrow . . .| 55 518 | 6518 6554
Punta A.' Sugar . .| 785/ 78%| 783%/ 80
Pressed Steel Car .| 89 861%| 8615| 89
Pittsburg Coal . . .| 54 b 4 54
Pullman Co. . . .[llo%[llo%[llo%]| ....
Pan-Am. Pete. . . .| 763% /| 72%| 72%]| 74%
Fers Mavrqguetts « 4 vl il i 80
Plares Ot . o . i) wiakiges b ATH
Ray Consolidated .| ....| ....] ....]/19%
Ropiing ... ..« 68 64%| 65%| 6636
Repub. Iron & Steel [lO4 100 [101%[102%
Rock Island . . . .| 24%]| 24 24%)| 24
do-pfd. “A” . .| 65%]| 66%| 65%{ 66
Rwy. Steel Spgs. . .| 90 8911 90 90
Royal Dutch_(new) | 96%( 945! 9614| 043
Bears-Roebulk . .| ....] ..v.] i...]210
Sloss-Sheffield . ..| 68 67 67 69
Stromberg Carb, . .| 633%| 63%4| 63%/| 66
Sou. Pacific . &« .| 9055 888;| 8914| 904
Sou. Railway . . .| 18%] 18 18%] 19
do pfd. ... .| B 2 501, 503 |53
Studebaker® . . . .| 88 | 831/ 83%%| 86%
St. L. & San F. . .| 16%[{ 15%( 16%/| 16
Sinclair Oil . . . .| 367%/| 35%| 363%| 36%
Btutz Motor . . . .|llO |106%{106% (113
B B Taii oy eiiasal iian] tian] 0
Bwift & Co. ~ . . .{119% 192 1198 ....
Saxon Motor . . .| 16%| 14 14%| 15%
Tob. Products . . .| 69%] 68 68 1%
Tenh. Copper . . .| 9%| 9%| 9%| 9%
Trans, Cont. Oil . .| 21 20| 204 21%
Texas Ofl . . . & .Jl7O 1187% 187& 168
Texas Pacific . . .| 28 27 27 28
United Fruit ~ . .[179 [176 (1783|178
UNon PROIIC . s oK oabl sisk vauvsl il
Union Oil . . . . .| 28%| 27%| 28%| 28%
Unit. Food Prod. .| 57 563 | 563 5114
U. 8. Rubber . . .| 995%] 96 95%| 98%
. B Realty Co. « .§ o conlaival sol 48
U 0 sl 9614| 963%) 0734
49 . 004 . o Aaoal iaw st
Unit. Retail Stores |7l 69%| 69% 11&
Utah Copper . . .| 70%}| 70 70| 69
Va.-Car. Chem. . .| 61 608 0(’)& 60
Wahash . - .4 & T%| 7% %
a 0 PR3, AP L N sel vl et AW
Waestern Union . o ....f i) coni] 84
Willys-Overland . .| 25%| 24%| 24%) 25%
Waolworth .7, . il il s aarii il
Westinghouse . .| 50%/| 497%]| 60%]| 60
White Motors . . .| 52 50 5134] 651%
Wilson Pkg. Co. . .| 681 68| 6814 68
BONDS,
O, B, TIDBILY S% L ovil bl iess 0050
Go It 48 o] sl vl il
do 2d 4s. . . .|90.20(90.20/90.20[60.40
do 3a 4. . ] culi] e dtie 40858
do Ist 4%s . .[91.00{90.98/90.80]91,40
do 24 4%s . 193.56/03.5093.50/90.86
do 4th 4Y%s. . .[91.10(91,06(91.06{91,10
do Gth 4%5. . .‘fi7.70697.70 07.70(97.70
do 6th 3%5. . .|97.76]97.76/97.76/97.68
Call Momey . . « ] 8| 6 | 8 |9B
| Bid | Ask.
Atlantic Steel Co., common .| 92 95
G 0 PO, o siisvsianrisaril DB 108
Augusta and Sav. Railway.....| 92 96
Atl. Ice and Uoa) Corp. ~....| 81 |B3
0. DI iitiarieviasrividl BN 84
Atlanta Tramt 08" s oovirsi i 1 fisine
Atl. & W. P. Rai1r05d..,.....|145' [l6O
Atlanta National 8ank........1300 [3lO
¥ourth National Bank ......[375 |......
Citizens and Southern Bank ..11276 |[.....
Bibb Mfg Jo. (Mac0n)........‘110 cenns
Exposition Cotéon Milis ......11360 |[.,,..
Fulton National 8nnk.........,1“
Empire Cotton Oil, common ..| 81 85
AO, PYOL. i bessonaiusnvan] DI N
Eagle & Phenix Cot. Mills. ...[2OO |.....
Ga. Ry. and Banking C0......|230 [235
Ga. Ry. and Electric C0.......[106 [106%
do. Bperoemt.ic.oeniiio ITH TYB
Ga. Ry. and Power, Ist pref...| 70 (76
Go. 2d pref......%cc00000e.] 13 16
do. COMMON......coraneevs| 10 12
Bouthwestern Ra11r0ad........| 93 |96
Securities Sales Co. .........:|146 |....,.
Trust Company of Georgia ....lseo 1.....
Lowry National Bank ........|1240 |.....
GRAIN GOSSIP,
Ilg JOS, ¥, PRITCHARD,
CHICAGO, Feb. 11.—The grain markets
surprised many traders Tuesday and also
proved that it is dangerous to put out
short lines at this time, for prices ad
vageed in all the grains. Corn went up
3% to 4% cents, oats jumped 2 to 2%
cents, rye was 6% 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 6
cents and oats 1 to 2 cents. Sales of
cash corn came to 106,000 bushels, while
the cash oatn sold totaled 335,000 bushels.
5 g e
The change in the general conditions sur
rounding the grain markets will doubtiess
prove encouruging to the farmer, and i
will also be more or les sos a help to the
owners ‘of large quantities of the various
graing in country elevators,
.
Expegtation that the embargo on Nast
ern ahli:men(l would be modified so that
Himnited shipments may be made East was
one of the strengthening factors. Strength
at outside markets, cash corn going 7 to
10 cents higher at Omaha, also helped
check the hears, The sterling exchange
situation also was more settled,
$ .8 4
Grain is not being sold freely by the
country because of the recent price re
cessions, Advices say many producers re
fuse to sell their grain until better prices
are offered.
All leading spot #narkets were un
changed, Atlanta’s . qguotations being
38.80 cents. ¢
\
NEW YORK, Feb. 11.—There was
‘an irregular tone to the stock mar
ket at she opening today with the
price tendency generally being to
‘higher levels,
~ Steel Common rose 3-4 to 97 3-4.
‘General Motors rose 3 1-2 to 250.
American Woolen, after its violent
decline of yesterday, 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,
aftér selling 2 1-2 lower at 53, re
covered to 64 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
;8 66 1-4 and Southern Pacific to
Marine preferred continued under
pressure, dropping 2 3-4 to 78.
American Can yielded 2 1-2 to 43;
Tobaceco Products 3 1-2 to 68 1-4
ggdl linlted States Rubber 1 point to
Mexican Petroleum rose 1 1-2 to
166 1-2, while Pan-American Petro
leum fell 1 point to 74. Texas Com
pany, after yielding to 167 1-2, rallied
10 1489,
After the early advances there was
renewed liquidation in a fiumber of
issues during the forenoon, especially
the closely held specialties which
found little support and broke vio
lently at times.
Studebaker dropped nearly 4 points
to 84 1-4, while Stutz Motors broke
8 1-2 to 106.
Steel Common vyielded 1 point to
96 1-2 and Baldwin, after selling off
to 107 1-2, rallied to 109,
The railroad 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 selling up to
166 1-2, broke to 163,
The market showed many mixed
movements during the afternoon,
moving up sharply at first and then
reacting again to almost the low lev
els of the day.
Steel common after advancing to
97 7-8, reacted a point. Crucible
rose to 213 and then fell to 208 1-8.
Baldwin ylelded nearly 2 points from
the high to 107 3-4. Marien common
rose to 28 3-8, and the preferred rose
1 1-2 to 79 1-2, followed by a reac
tion of over a point. Mexican Pe
troleum rose 4 points frof the low to
166 1-2 and then lost most of this
gain, General Motors reacted from
2560 1-2, but broke to 244 1-8.
General Motors broke from a high
of over 250 to 235, with a rally to
238 at the close. Pierce-Arrow broke
to 51 7-8 and Chandler Motors over
4 points to 124, Mexican Petroleum
dropped to 162 1-4, but had a quick
rally at he finish to 1661-4. Pan-
American Petroleum slumped to
721-2° Republic Steel closed at
100 3-4. Steel common yielded to
- 96 1-4, then rallied to 963-4 at the
' close. The railroad stocks contin
ued under pressure, Southern Pacific
closing at 891-2 and Canadian Pa
cific at 117. €entral Leather was
over 3 points lower at 731-4. Bald
win was finally 107, ' Studebaker
83 1-4, Ttchison 771-2, Illinois Cen
tral 811-2, Marine preferred 78 and
United States Rubber 95 7-8.
The market closed weak: govern
ment bonds unchanged; railway and
other bonds steady. - .
The market opened heavy and closed ir
regular,
Btocks— Open, Close.
Aetna Exp. ... TH®@ 8 VW@ 1%
Anglo Am, Oil . 24% @ 25 24% @ 25
Con, Cop. . .. 4 5 4 @ 5
Cosden Oil , ~ B 8 8% % 8%
Ind. Pipe . .. 9 8 94 98
Inter Pete . . 54 @ 66 52 63
Lehigh V. C, . 82 @ 87 82 87
Magma ~.32 z3B 32 38
Mearcont . . .., & 4 C%g 45
Merritt Oil ~ ,18s 19 18 1814
Midwest Oil . ~ 1 1 I%@ 1%
Midwest Ref. .151 gxis 151 8163
North Am. Pulp 5% 5% b b 5%
Ohio Oil ~...323 @330 320 8330
Prairie Ol ~..600 go:o 600 610
Sub. Boat ..... 13 @ 14 13 @l4 .
BO N Y ~.. 398 398 393 @398
8 O.N. J (¢ 808 698 695 @7OO
8. O, Calif, ....310 als 310 @316
8. O. Ind. ....680 700 680 @7OO ,
3{\ign O‘r'ank - .10:“010:% :o;“gwg%
ct, S
ons.” Avi ...y 1% @ % % A
Nipissing ..... 9% @lO INe lg
Glen Rock Oil.. 3% @ S}z 3
. O. &% .....% 9 % 5 b
U. 8. Steamship.. 3%@ % 3%
Sapulpa . . . . %@ ¢ 5% o
Car Light . . . . 2% 3
Brzaos .. . .4. .16 @ 280 15 @2O
Balt Creek:...... 47%2 48
Okiahoma Ol ...cehvevnnei.. 6% 7
GIVIARA |, .oiiivinse nagrecsvs 98 0 37
NUDNAHY .covcven ssstrsersss 1840 31
Capdife /. icine vevsssorise B B 3
MEKIRIOV. oo vase sonsisniss O B 6
Kert Lake iciieovacsesvenses A%W 43
Philllps Pete cccivrososceeves 38 838
BLanton ~.ivsvs sserescrenss Telß %
Bimms Pete .. civesrnscenies 38 @ 36%
Santa Cecella ........cooooo 80 @ 84
WWhite 'Ol ...covuvesivesssiss 20U @ 27)
Chalmers Motors ............ ¥ @ 17
BENBIL .o cioiinsa dinriavy B 8 0D 8%
Int. Con. Rubber ............ 10 @ 15
MAPIADA oo vrosvdbie anspta l%g 6%
U B P Phar. .....onvivetee 3% 2%
POUVIONE . isssnccveso sitsrene 49 B 48
MOPPIB ...ivavee cevsssseesse 8 @ 8
NG Pobß. 0. .ivecesvssvey 38 B ATH
. B BhP, .cocvevnviimnnes 3%H@ 3%
Wayne Coll .....cicoisssoes 4%@ §
IREIY .. rvicanns sivrvinitar DRGO
Ray Heroulos ~..:ciivhinees 18D l;t
Flk Basin ... .ocooooomsoo9o 8 g 8
Tobacco Products ........... 8 9
Wobis O [ iicirvrvsesinmner - BRE TE
BUEREE . iuinninen vivendins 2 BBE T
Allled 01l ..evvvsvenvsvvnssns B @ll-16
POnnock ...ooovee seecssense 8 @ 83
R e .
Colonial Tlre ..c.oessivssnie BH@-I%
J. ¥. CLARK’S LETTER,
NEW ORLEANS, Feb, 11.-—Liverpool ad=
vaneced as much as 30 points on near vo
s.tions, with spots 42 points up and »n.eß
8,000 rales, but was lower on the distint
poritiens, Althnugh general press news
was quiet, containing nothing especlally
provocative to pressure the market, the
opening was bearish from the start, with
near positions opening unchanged to §
down and liquidation le\llr:’ causing the
decline to become extended soon to 30
points, The news from Japan of a grow
ing fear of bolsheviki Invasion recelved
most attention. Dry snodu report sala dry
goods showed an easiér tone.
New York will be closed tomorrow, Lut
the local market will be open.
The weather map shows generally eloudy
beit, no rain except gver the southesat
quarter of the belt, The outlook Is for
continued cloudiness and colder in the
northwest quarter, probably local rains.
Tha market rallied about 20 points after
the first selling rush and seems strong at
present around 32 cents for May.
METAY, MARKET.
NEW YORK, Feb. 11.--Metal prices:
Copper, quiet. Spot and February, offersd
1%; March, April and May, offered 19%.
Lead, firtn; epot, February, L}uch,
April and May, 8% @9.
Smelter, firm; spot, February, March,
Aypril and May, $.62%@8.77%
STOOKS IGNORE LOW MONEY
AND BULLISH STEEL FIGURES
| By BROADAN WALL,
| NEW YORK, FFeb, 11,.—With call money being offered at 6 per cent and
the United States Steel Corporation reporting an increase in unfilled orders
for the month of Jammry amounting to 1,020,078 tons, stocks broke badly
Tuesday and closed the session with prices of the standard issues down
from 3 so 5 points from the previouz final figures. 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 opening quotations showed frac
tional losses and for a time it looked as
‘though the list would rally when the
call money rate eased off to 8 per cent
and the Steel Corporation issued its fa
[vorable unfilled tonnage statement. The
}mnrket. however, lacked purchasing
power so that when the bears began a
drive in the early afternoon quotations
‘ylelded easily under the leadership of
General Motors and Steel commen, both
of whichs touched new bottoms for this
year,
In the last hour there was a feehle
rally but twenty minutes before the
close acute weakness developed in all
directions and prices were fading away
when the session closed. Stop loss or
ders were encountered on the way down
and this accelerated the decline.
The volume of business transacted in
creased as prices depreciated so that when
the gong soundé® for the end of business
the ticker tape was about eight minutes
behind. Shortly before the eclose 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 disheartening to those who have been
predicting that lower money es would
furnish the bhasis for a ahar;fi rebound,
Trading was considered highly professional
with the bearish element dominating,
Announcement that the railway em
ployees would strike on February 17 un
less granted an increase in wages had
an unfavorable influence on the market
for railway shares which has been thin
for weeks. Southern Pacifie, which is
considered most favorabhly among the
ralls because of its equities in oil lands,
lost nearly 3 points and sold at a new
low for this movement. TUnion Pacific
was also offered in liberal velume at the
expense of quotations «nd 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 wr the return of
the roads to private wwnership on March
1, but even with the passage of the pro
posed mew railroad legislation there are
prominent bankers who helieve that this
will not prevent a numbher of recelver~
ships and bankrupteies that are expected.
Large houses report stoady liquidation
of securities by Europeans, especially
British investors. The securities include
bonds amnd stocks of railroads, industrials
and some public utilities
Large commission houses report that
their customers are stubbornly holding on
to their securities. Calls for additional
margin are followed by the rnc,il(pt of
large amoungs of funds by these brokerage
houses, Oné firm today received nearly
$750,000 In cash in response to a eall made
on some customers. There is also some
cash buving of stocks, but this is on a
light scale.
Middle States Ofil was strong most of
the day and was one of the few gtocks
to close above the previous final quota
tion.
South Furnishing
New York With
j Banking Talent
. 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 is given point by
the announcement Wednesday that Frank
K. Houston, a Tennessee boy, has been
elected vice president of the Chmical Na
tional Bank of New York. He goes there
as an associate of Percy H. Johnston,
president of this staunch old institution,
a Kentuckian who hies beem in New York
less than three y?rl, going there from
the Citizens' National Bank of Loulsville,
Mr. Houston goes to the metropolis from
Bt. Louls, where he has been several years
as vice president of the First Natinoal
Bank, although he started his banking ca
reer ‘as secretary of the Tennesee Bank
ers’ Association.
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
vice presidents, while two others, John M.
Ross of Macon and Kenneth Ward-Smith
of Atlanta, are assistant treasurers, New
Orleans likewise furnished the Guaranty
with one of its most prominent vice presi
dents, A. Breton.
Other New York banks which have re
cently called Southerners to official posi
tions are the Chatham and Phenix Na
tional, Irving National, Metropolitan Trust
Company, National Bank of Commerce,
and the National City Bank, while various
others have appointed Southern men to
important unofficial posts.
' R SRR SRER A
ATLANTA LIVE BTOCK MARKET.
(Corrected b‘v W. H. White Jr., President
of White Provision Company.)
Good to choice steers, 860 to s
1,000 pounds ............- .8 9.76@10.60
Good steers, 750 to 850 pounds 9.50@10.00
Medium to good steers, 760 to
850 pounds . ......ecaieiios 8.50@ 9.50
Good to choice beef cows, 760
to 860 pounds .........oeo B.oo@ 8.50
Medium to good cows, 650 to
760 POUNAS . ........0:...0. TI.OOO 7.50
Good to choice heifers, 660 to
650 pounds ............... 6.50@ 7.00
The abeve represents the ruling prices on
good qumlity fed cattle. Inferior grades
and dairy types quoted below:
Medium to good steers, 700 to
800 pounds et et eoIKD BB
Medium to god cows, 600 to
700 pounds ......c.eisooenn 6.60@ 7.50
Mixed common COWS ........ 4.50@ 650
Good fat OXem .....ecvesesse 1.50@ 8.00
Good butcher bulls ......e... 6.60@ 8.00
Cholce veal calves .......... 6.60@ 800
YOarlngs ......ci.oooeeeeees 4,500 600
Prime hogs, 165 to 225 pounds 13.25@1%8.50
Light hogs 136 to 165 pounds 12.26@12.50
Heavy pigs, 100 to 135 pounds 10.26@10.50
Light pigs, 60 to 100 pounds 9.26@ 9.50
The above applies to goud quality fed
hogs.
OHANDLER MOTOR FARNINGS 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 the preseft dividend rate
of $8 a share on the stock will be increased
at this meeting.
Shipments of cars in Jlnunr{‘ which {s
usually the slowest month o + the year,
totaled 2,260 and an ocutput of 8,000 cars
is expected for the firet quarter of the
year, against a production of 18,000 cars
in 1919, Net earnings in January were
SBOO,OOO and an official estimate of earn
ings for the first quarter of the year places
them at $2,700,000, or at the annual rate
of s6l a share hefore taxes.
The car shortage {8 not hampering the
company's deliveries as shipments are be~
ing mude overland when railroad space Is
not avelilable,
is a magazine that is teaching
thousands of people how to
make a l?mfit on listed stocks
and bonds. Write for this week’s
issue, which contains up-to-date
information about several estab.
bought ov:‘ t %l'u‘.':‘ c'l'i“ I’.l
0 0 A
Dt O VESTMENT IS FREE.
WRITE TODAY.
L
I KRIEBEL & CO. l
Investment Bankers
152 H Sowuth La Salle St., Chicago
e
=
|
-~
| e §ewe
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
6-8 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.
Corn closea' 213/to .21 cents higher.
Oats closed 1% 10 1% cents higher. p
Provisions ciosea higher, ‘i
CHICAGO GRAIN MARKET.
f ‘ i | [Prev, |
Open|High|Low|CloseClose
Corn | *
May 128%( 131%] 127 130%( 12885 :
July 126% 128%| 124 128 1263’
F(z;pt‘. 123%| 126%] 121%] 125%| 1231
ats 5
May Vi 8% 76 8% TT4
July 691 81% Gl;: 70%| 698 '
Pork |
May 34,370 35,10 34.35] 34.85| 34.25
July ceoe| 34750 34.50] 34.75( 33.95
Lard
May 21,26( 21,65/ 21.10 f 21.46 21.20!
July 21771 21,970 21.57| 21.95| 21.70
Ribs
May 18.45] 18.67| 18.30] 18.47| 18.37
July 19.00 f 19.06/ 18.80| 19.00] 18.90
e A SRR - SRV N, SRS
|T. lgms LIVE STOCK MARKET.
ST. LOUIS, Feb. 11.—Cattle, receiptsy
4,500; market strong. Native beef steers,
15.60@16.75; yearling beef steers and heife
ers, 10.00@12.00; cows, 9.75@10.60; stock
ers and feeders, 10.00@§0.75; calves, 16.00@
IS§i; canners, 5.50@7.50.
&S, receipts, 18,000; market, s@loa
higher. Mixed and butchers, 15.25@15.15;
good, 15.10@15.60; rough, 12.5¢@15.75.
Sheep, receipts, 2,200; market, steady,
Bwes, 10.00@12.00; canners and choppersy
5.50@6.00; lambs, 20.00@ 20.35.
CHICAGO LIVE STOCK.
(By U, 8. Burean of Markets.) -
CHICAGO, Feb. 11.—Hogs, receipts, 13« °
000: market 26 to 30 higher; some light
hogs 40c higher. Bulk, 14.60@15.50; top,
15.60; heavy weight, 14.40@15.00; medium
weight, 14.76@15.30; light weight, 14.85@
15.60; light lights, 14.75@15.50; heavy
packing sows, smooth, 12.50@14.26; pack
ing sows, rough, 13.00@13.60; pigs, 13.75
@15.00.
| Cattle receipts, 7,500; market generaliy
steady. Beef steers, medium and heavy
weight, choice nnd prime, 1500@17.003
light weight, 11.00@15.00; good and choice,
12.00@16.00: common and medium, 850@
12.00; butcher cattle, heifers, 6.50@10.50;.
cows, 6.50@11.25; bulls, 7.00@11.00; con
ners and cutters, cows and heifers, 5.26@
6.50: canner steers, 6.25@7.75; veal calves,
light and handy weight, 16.25@17.60;
feeder steers, 7.85@11.75; stocker steers,
7.00@10.50; stocker cows and helfers, 6.75
@9.00; stocker calves. 7.75@10.10,
Sheep receints, 6,000, Market 2hc
higher, Tambg 84 Ibs, down, 19.00%
21.65; lambs culls and common, 1525@
18.50; vearling wethers, 15.50@19.15; ewes,
11.25@14.25; ewes, culls and common, 6.60
@10.25; feeder !ambs, 16.75@@18.00.
JACKSONVILLE LIVE STOCK.
Hogs—Receipts, medium; prospects,
steady. Choice heavy, 13.00@13.25; good
heavy, 13.00@13.25: rough heavy, 12.00@
12.25; lights, 12.00@12.25; heavy Dpigs,
11.00@11.25; light pigs, 9.00@10.00.
Cattle—Receipts, light; prospects steady.
Steers, 5.50@12.00; bulls, 5.00@7.00; year
lings, 6.00@7.00; cows, 6.50@7.50; veal
calves, R.oo@l2.oo.—Willlamson and Deu=
nis, February 10,
NAVAL STORES, -
SAVANNAH, Feb, 11.—S8pirit: Regulars,
1.96; sales, none,
Rosin: Northing: WW, 20.76; WG,
20.50; N, 20.00; M, 19.75; steady; K, 18,503
I, 17.78; H, 17.75; G, 17.96; P, 11.75; W
17.76; D, 17.76; B, 17.50.
Receipts! Spirits, 44; rosin, 489,
Shipments; Spirits, 6; rosin, 842; stocksy
spirits, 9,098; rosin, 36,215.
NEW YORK PRODUCE MARKET,
NEW YORK, Feb. 11.—Petroleum, firme
Crude Pennsylyania, 5.50.
Turpentine—Wealk, 2.03. v
Rosin—Pßasier; common, 18.75.
Wool—Firm; domestic fleece XX Ohiog
6%@1.00; domestic pulled sccured basis,
75@1.65; domestic Texas scoured basisy
1.00@1.75,
Hides—Dull; native steers, 44@453 _
branded steers, 3414 @ 35, ¥
Coffee—NKasy; options opened 2 to 20
points lower; Rio No. 7, on spot, 14.34,
Rice—Firm: domes‘ic, 9% @ls,
Molasses—Firm; New Orleans open ketd
tle, 1.0261,12; hiack strap, 12@21,
Raw Sugar—Basy; centrifugals, 12.75@
13.04. .
Refined Sugar—Dull; fine granulatedy
16@16. ;
CHICAGO CASH GRAIN, A
CHICAGO, Feb. 11.—Wheat, No. 3 reds .
2.22@2.36; Nv. 3 hard winter, 2,25@2.34
Corn: No., ? mixed, 1.39; No. 4 mixod}
1.31% @1.35: No. 3 white, 1.42; No.
white, 1.37@1.39; g;n 1; vellow, 1.40@1.413
Jo. 4 wvellow, 1.34 .39,
h()n_m': No. 2 white, 84% @B6; No. ¥
white, 831, @BS; standard, 77.
One Hundred /Dollar
Investments
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