Newspaper Page Text
Cotton Rises to New High Record on Strong Buying, Due to Heavy Kains—-New Crop Preparations Seriousiy rre.uyj--
:tunt;a bank clearings Wednesday ... .. .. ....$12,425,060.09
BN Gay last year ... .. ..... .. 0F i EEIND.OF
IDENS ... . i nes gBT NS
glmo:li&yhatweek W Rl R L
ame day 1918 ..... . R LRI TR 9,600,770.64
»~ . .
Atlanta cotton statement Wednesday: °
1920, Last Week. 1019. 1918,
_Receipts .. .. .... 1,133 624 525 1.298
Shipments . .. .. 549 392 1672
Stooks .. 4. ... ...53700 33,221 35,366 53,567
t gy
Atlanta spot cotton Wednesday... .. ... ... ... ..... 42.00 c l
Db day Inwk wank . .. LU v ety NS
IS WP ... . . it e BT
T T .i i e -
* - .
: By VICTOR BARRON.
Following the sharp rise in futures, Atlanta spot cotton Wednesday
advanced 35 cents to 42 cents a pound, basis good middling—highest
price en record.
: thiurn rose to new high records during the late trading on a con--
tinuatien of shor_t covering, trade buying and light offerings.. Japanese
interests were said to be sellers., The government’s weekly weather and
crop report was bullish. A wire from Dallas, Texas, said Germany was
sending in buying orders and paying for it in New York. March con
tracts at Now_ York advanced to 40.24, May 37.74 and July 34.88. On the
crest of the rise the market showed a net gain of 23 to 57 points. Final
prices were 15 to 53 points net higher.
* . .
Influenced by better Liverpool cables than due, toget{:er with general
rains over the belt and continued steadiness of spots, the cotton market
showed pronounced strength early Wednesday, despite less favorable news
s from Germany. First prices at New York were 8 to 19
M-s‘.’;‘;g;,& points higher to 6 points lower. Following a small rally
W %4 from the initial range, the market quickly eased off 4to
2N 17 points net on active positions. Predictions of fur
t . "IN ther rains over the belt inspired increased buying later
4 >m i4i% Wl in the forenoon, with shorts and trade houses absorbing
il e S gt Wl the bulk of contracts. The strike of dock workers was
L B SR without effect.
qa,,»’%fi;w Before the end of the first hour’s trading futures at
Sl e e New York had risen to a net gain of 19 to 36 points,
\r:{fié{“ Qgg with Mgy and July reaching mew high levels for the
iad s B present movement. 37.56 and 34.67, respectfvely. Octo
e %”’“«“ ber touched Tuesday's high mark of 40.19 and October
v rose to $1.93, while December moved up to the former
£ . top notch of 81 cents, recorded Saturday last. At the
A - highest futures at New Orleans exhibited a net gain of
’?,,3,’}?;’ ‘ 25 to 48 cents, with March, May and July scoring new
e R highs—3B9.7B, 37.64 and 34.89, respectively. These levels
("5;;- % % were shaded slightly just before the noon hour on in-
S SR® reased realizing. Demand, however, co-tinued brisk,
coming from strong sources. ’
. New crop months were in best demand {rom the trade, on account ot’
the heavy discount they are selling under spots. Heavy rains, especially |
east of the Mississippi River, which further delays new crop preparations,
is making fall crop deliveries the choice of buyers, as it generally is be
lieved they will work materially higher.
]
CHICAGO, March 17.—Commission
house buying and limited offerings
caused corn to open steady to 1 cent
higher, but there was selling by a
leading commission firm afterward.
Approximately the same condition
prevailed in oats, with an Eastern
house as the seller later. Opening
prices were 1-8 to 1-2 higher.
There were limited offering in pro
visions, which opened higher except
for July lard, which was sofd by a
packing firm.
Corn closed 115 to 2 cents higher.
Oats closed 1% to 1% cent higher.
st ilne. Cosed higher. .
| { =1 ‘ lPrev.
o Open | High | w | Close | Close
Corn :
Mar, 1.56 Wind v s gl Tos ng oL RINR
May | 1.55%( 1.57% 1.55& Lyl lesw
s | ) T )
s 5 § . " 1.4 1.44
,; | “l %
ay .86 S7%!| .85%] .87 .86
July , Tew] Sk M%) N 3 Y
sept 6914 7031 .683%| .70 .69
Pork | |
May ;36.25 16.26 [36.10 [36.36 [36.00
July |22.50 lzz.u 22,32 [22.37 [22.36
Tard |
May 180 [21.85 [21.65 [21.60 ‘21.65
July |25.70 Psfi 128.3% 122.37 122,36
Ribs | '
May he 80 {18.86 [18.70 |18.82 [18.65
July 19,32 [19.37 [19.20 [19.36 |19.15
CHICAGO CAR_LOTS.
CUHICAGO, March 17.—Following are re
ceipts for today:
WHERL ... hiicisbosessnsesstssass 17
GBI oy r s Tasas sivssvnanpassese 39
ORES - v-vsißirveranacoransborastanse 37
BORE . i ipitrsnbassgingßvstie s THONE
-+ 0e AR R SAR
GRAIN MARKET OPINIONS.
Wagner & Co.: “The memory of the
early 1919 corn rise from $1.20 to $1.83
lingers as mcto.r.". .
Lamson Bres.: “Until receipts are more
nearly equal the demand, a continuous
break may hudl! h.e sxmted."
Bennett & (o.: ‘‘We would hesitate
about huying corn, but we can gee no signs
of any ‘pcmanoni change in price trend
for the present.” &7 ¥
Bartlett, Frazier & Co.: “Some eetback
might eu‘ly oecur in corn market; Light
receipts and cash premiumg are muke:’
factors.” !
ST. LOUIS LIVE STOCK MARKET.
BT, LOUIS, March 27.—aCttle: Reeceipts,
2.500; market, steady; native beef steers,
10.50@13.75; yearling beef steers and
helfers, 10.00@13.00; cows, 0.76@11.76;
stockers and feedrs, 10,00@11.50; =mives,
15.00@ 18.00; canners, 4.75@86.50.
Hogs: Receipts, 10,500; market, 10 ®o 200
higher: mixed and butchers, 15.50@18.06;
good, 14.50@15.25; rough, 11.75313,00;
lights, 15.76@16,10; pigs, 17.50@16.75;
bulk, 15.85@16,00.
Sheer: Receipts, 500; market steady;
ewes, 13.75@14.00; canners and choppers,
5,007 8.00; lambs, 19.00@19.60.
CHICAGO PRODUCE MARKET.
CHICAGO, March 17.-—-Butter, geceipts,
7.565 tubs; creamery extras, 67; firsts,
§7: seconds, 60@66; packing stock, 4@
a 9 )
Eggs, receipts, 20,422 cases; miscellas
neous, AO@A42; firsts, 433%: refrigeratop,
none; checks, 35@39; dirties, 18@39.
Cheese, twing, new, 28@2815; daisies,
9% @30%; Young Amaericans, 30@"&0%;
Loughorns, 30@30%; brick, 271@027%.
Live poultry, turkeys, 40; chickens, 42;
springs, 42; roosters, 26; stags, 22; geese,
a3B.
We are fortunate in having good stocks of
nailg of all sizes on hand, from which we can
make prompt shipments. Write us for prices.
CAROLINA PORTLAND
CEMENT CO.,
ATLANTA, GA.
GEORGIAN’S AND FINANCIAL NEWS)
- According to Weil RBrothers of
Montgomery, Ala., the uniformity of
reports from all cotton growing States
agree as Lo the extreme backawrdness
of the necessay preparation li.ndl
farm work; the causp assigned is the
unfavorable weatherconditions to this
date,
“In somo sections farm work is
as much as six weeks late, but on
the average it is probably only four
weeks late,” the authority adds. “In
pre-war times a late start with sub
sequent god weather conditions, could
be partially if not wholly overcome,
but as it i 8 now the farmer of the]
South faces a condition juite differ
ent. He has to contend not only with
a scarcity of labor, but also with in
efficient labor, in consequence of
which a aquantity of land will lie idle
for lack of cultivation an dlabar. Our
opinion, however, is that a great ef
fort will be made to produce as much
cotton 1s possible on the land which
will bé deveted to eotton raising, An
attempt will be made to cultivate such
lands thoroughly and fertilize them
heavily. Livestock and machinery
for cultivation are ample. Moreover,
it is only natural to suppose that the‘
autumn and winter rains and free:?
over the cotton belt will make pre
paration and cultivation com
paratively easy.” |
The absence of gpot pressure, un=
favorable view of the new crop Bi.u
-‘ation, record activity of domestic
mills and continuéd liberal exports
daily is broadening bullish sentiment,
‘and predictions are heard of 46-cent§
cotton before midsummer. Middling
already is bringing more than 43
cents at Dallas and 421-2 cents at
Galveston. |
~ This week’s spinners’ takings are
expected to show a heavy increase
‘over the same period a year ago,
when total taxings amounted to only
108,000 bales. |
CMICAGO LIVE STOCK, |
~ CHICAGO, arch 17.—Hogs: Receipts,
19,000; market, 15 to 25 higher; bulk, 14,35
‘1!5.'0; top, 1,600; heavyweight, 14,00@
15.10; medium 'oi{ht 14,76 ®16.00; Light
wel‘ht, 16.50@16.00; light lights, 14,60
16.76; heavy packing sows, smooth, 12.75@
13.25; packing sows, rough, 12.00912.60;
pigs, 13.00@14.75.
Catle: Receipts, 7,600; market steady
to strong; beef steers, medium and heavy
wei?’ht, 18.50@15.40;: choice and prime,
13,60@15.40; medium and good, 1.50@
13.50; good and choice, 12.15@ 15.00; com-~
mon and medium, “0.75@12.16; buteher
cattls, heifers, 7.00@13.25; cows, 7.00@®
12.25; bulls, 7.35@11.50; canners and cut
ters, cows and heifers, 5.00@7.00; can
ner steers, 6.00@7.60: veal calves, light
and handywelight, 16.50@17.650; feeder
steaers, 3.75@11.75; stocker steers, T.6o®
11,00; stocker cows and heifers, 7.00@99.25;
stocker calves, 7.75@11.00. |
Sheep: Receipts, 7,5600; market, steady
to strong; lambs, 86 lbs, dewn, 16.76@
10.25; lainbs, culls and common, 11.00@
16.50; yearling wethers, 15.00@17.60; ewes,
10.76@14.25; ewes, culls and common, 5.76
@10.50; feeder lambs, 16.60@17.00.
" COTTON MARKET OPINTONS.
Hirsch, wleaflfi & Co.: "“The market
shows & mood undertone and aside from
unfavorable political news wae expect will
do better.” e
E K luflo‘l & Co.: '"With the pres
ent small stock of cotton mnear months
will continue te be dominated by the at
titude of holders of contracts in our opin
jon while weather conditions will govern
the new crop rm.mtt-l.';
J. W Jay & Co.: "We expect with oc
{:uloual setbacks .n h.('h.er trend.”
Munds, Rogers & Stackholm: "“For the
time being we think it advisable tg fol.
low a conservative policy and take ad
vantage of all modc!nrtoitticeulonl to buy."
NEW YORK, March 17.—~The cot‘
ton market opened steady today at an ]
advance of 19 points to a decline of 6
points, the losses occurring in mew
crops as the result of selling by le-“
erpool. Later the market rallied to a
net gain of 1 to 19 points.
Trading became less active at the
end of the first thirty minutes, with
prices unchanged to 17 points net
lower.
Unfavorable weather in the belt led
to a renewal of active short eoverlnl‘
and increased demand from trade
houses later in the forenoon, causing
a swift rise that carried May and
July to new high levels. May ad
vanced to 37.56 and July to 34.67. |
The market turned decidedly strong
during the afternoon on better po
l{tical news from Germany, pessimis
tic organizations, Further heavy rains
in the belt and the sharp rise in
stocks. All leading positions rose to
new high records, with March rising
to 20.24, May 37.74 and July 34.88.
At the highest the market showed a
net gain of 23 to 57 points.
At the close the market was steady
at a net gain of 15 to 63 points.
Spot cotton was officially quoted
unchanged at 40 cents.
— NEW YXORK OOXTON. .
1 ’ ‘ ‘Lalfl | Prev.
___|OpeniHigh! Low]| Sale| Close | Close
Mar. [40.19/40.24]40.17 40.1"4%15-24 40.00-05
May (37.306{37.74/87,24/37.72/87.71-73/37.22-36
July [34.45(34.88/34.34/34.84/34.84-85(34.31.32
Oct, [31.65/31,96)31.66/31.92/31.92-96/31.71-78
Deo. (30.85(31.04 30‘7|‘31,001x1.00-ozFo.u-u
Jan. [30.37/30.65/30.30]30.50/30.50-52/30.30-35
Closed .steady. 7
—_ __NEW ORLEANS COTTON,
1 I , lbutl |PNV.
Open/High| Low| Sale] Close | Close
March !. . .. .. 139.50[39.78139.50/39.75/393]
Mar. 39.50\'39.7!13'.60 39.75139.83 139,30-50
July 34.65‘34.95 N.‘i 34.90 34.!0-"‘34.61-‘!
Oct. {31.66]31.83|31.55/31.74]31.73-77/31.64-56
Dec. ‘50A70130.20’30.D0‘50."P0.00 130.65
Jan. |80.40/30.40/30.26]30.26{30.33 [30.06
" Closed steady.
AMERICAN EXCHANGE.
Following were ruling prices on the
American Cotton and Grain Exchange Inc.
Wednesday: ‘
’ ‘ I | Prev,
Open/High|Low|Close/Close
MBPan .. o ,40.30,40.!0 40.17/40.30/40.20
PR i e !.'.7.29 37.78137.24/37.70({37.21
July .o% ... 34.44!34.!8 34.34(34.82(34.34
Octoher .. ~ '31.“ 31.97 31.u131.92 31.70 |
December .. ~.|{30,90(31.05/30.80(31.00{30.80 4‘
e—— i —————r e 212 DO
e seor el el ‘
LIVERPOOL COTTON, ‘
LIVERPOOL, March 17.—Spots epened
in more inquiry. Prices easier; sales, 4,-
000 bales. ‘
American middling fair, 33.17; goed mid
dling, 30.17; fully middling, 29.17; mid
dling, 28.17; low, 24.87; good ordinary,
21.67; ordinary, 20.67. :
Futures opened quiet. \
I 2:00 [Prev. |
|Open|P. M.|Close/Close
AN s .[204331. ... 4126.44]26.53
API . 3 as ad velszranlaaeas 25.69(26.73
May .. .. .. .. ..|26,20({256.08]26.3¢|85.43
Juße . ey } o ... |24.94|26.25
A v 5y swihstive 24.35‘24.21 24.49(24.556
AUt .. GG 138700 ARS
‘Sepumber TR Wl T i R 33.36123.33
Oetober .. .. .. [33.80].... BEVEOIB2 70
| November .. ~ .. {.vivsl.o.. . [B2. 41108 .3%
' December .. .. .. 121.73]...,.]21,98/21, 83
Jagunry v, L, 121.43 Ve zmzlzx.sa
| February . .o o lalisel.s ST salat 48
e e e A et
" Closed steady, g
‘ SPOT COTTON.
Atlanta Commercial Exchange quotes
basis goed middling ...............42,00¢
New York middling ................41.008
New Orleans middling (sales 1,369)..41.00¢
Savannah middling ..............40.26¢c
Liverpool good middling ...........30.17d
Norfolk - MIGAUDE . ¢ ivilso e vaivivy o SR ONS
CAugusSta MIAINE .. .i. diiviacc. oo 180208
Augusta middling .. viacceeee.sa.4o.ooc
Houston middling ".......,.........41.00¢
Philadelphia mijddling .............41.26¢
; Boston midALUNE #. ... 086 eseirni . 41000
Charleston middling .........y.00..40,00e
Wilmington middling ..............30.00c
Memphis middling ......,...¢c..0..40.50¢
Bt. Louis middllnf cnranseanesssssrdo.6oß
Little Rock middlng .........0.0..40.000
|Galveston middling .... c.00000....42.80c
Dallas middling .............4......48.08¢
Mobile, middlng .........0.00....30.200
1 COTTON SEED OIL.
__Cotton seed 01l quotations:
| | Opening. | Closing. _
iS{pu. AL ceeraris+o]39.B6@2o.oo
R Le e ‘19.00320.00310.25 20.00
May .. .. .. .. [20.10€20.17/20.17@21.00
SUBE . vaiiei e |20100!0JO[M.!0 20.50
July ~ ~ 0, L 120.48@20:50(30.49@30.60
Rt '20,62 20.72/20.60@20.75
September .. . 20.55@20.65/20.60@80.76
October .. .. .. [18.70@20.00/13.76@19.75
Closed strong; sales 123,000.
| NEW YORK SUGAR MARKET.
Sugar quotations:
i Closing.
WY L R e sy I T 1L
BURE o' ivan v v an & %e 2 ANV EE ADY
AR Wy w s e ..114053!1.30
' August es ee leattaia oy N 11.00911.39
September v % s Mmaxawll 00D11.30
~ ATLANTA COTTON DIFFERENCES,
Atlanta Official Grade Differences, U. SB,
| f Government Standards,)
‘Middlln: FRIT . virosssvobaißnearyee 00 OR
Strict good middling ...............376 on
'Good middling ..........cec000.00.200 0N
Gtriot MIAAUDE aiersresansins 0330 OB
BRI . sid s s s R et SRR
Btrict low middling .....5e0.0000.1.300 Off
Tow WMIAGHNE -0 va: 00 cxicssove sTN OFE
Yellew Tinged.
Good mIAAUNE ......c.60000000000+360 Off
Striet mxddun{ Sit bas Ry setsy se s IRE
allow Stained.
Good mMlddling ... ccrue-se-anreoo:soo OLF
ATLANTA COTTON SEED PRODUCTS.
Description— Price.
Crude oil, basis rrimo (tank 10t5)..515.00
Cotton seed meal cakes ....(not q)uotod‘
Cot. seed meal, T p, . (100 ton lots) 67.5
Georgia, common r. p. (100 ton lots) 66.50
Cottan seed hulls, sacked (car lots) 16,00
Cotton seed hulls, loose (car lots),. 13.00
Linters, No. 1 (1ot8) ......ccocoooos 09
Linters, No. 2 (16t8) . .isicissoies sl 98
Linters, No. 3 (lot 8 &.s. ccvvneesss .03
POULTRY, BUTTER AND EGGS.
NEW ~ YORK, = March 17.—Poultry,
dressed, unchanged.
Butter, market steady; creunerz ex
‘tru. 67% @7l; firsts, 65% @69; t’hnr
"?Iorm" 68@72; imitation creamery, 46@
47,
" Oheese, market firm; State whole, milk
specials, 20% @3l, fmes IMW @2O; Wiscon
sin lower grades, 14@27; whole milk,
fancy Younz Americans, 32?33; State
skims, specials, 17@21: cholee, 13@16;
fair to good, 10@12; lower grades, 4@9).
Eggs, market firmer; Ml-l’l{ white
fancy, 65; brown fancy, 60@51; extra,
48@40; firsts, 45@46.
CHICAGO CASH GRAIN, .
CHICAGO, March * 17.—Corn: Ne. 3
mixed, 1.59; No. 4 mixed, 1.656®1.58; No.
3 white, 1.59@1.61%; No. 4 white, !.M?
1.68%; No. 3 yellow, 1.60@1.61; No, 4 yel
low, 1.56@1.58%.,
THOMSON-M'KINNON ON GRAIN,
CHICAGO, March '}l—v’!‘he dtngpo.r.
ance of premiums sos contract grades of
ecorn suggests the probability of sufficient
advance for the time being. It does not
agree, however, for a reversal of market
actien. Legislation looking toward exten
sion of liberal credits to Germany, also
permitting the sale of government own
¢rs may have influence with the producer
“ho remains a reluctant seller even at the
21.50 level. It seems to us that more
ttention should be given to the oats mar
ket. TReserves of the old crop are prac
tically bLelow an average. The July de-%
livery, which is practically an old erop
month, is selling some 17 cents under the
price of cash oats, for which there is no
reasdp other than sentiment. Both May
and July deliveries are too cheap as viewed
!‘rom' the price of current receipts.
@ l
NEW YORK, March 17.—A detailed outline of the plan by which it is |
pcoposed to supply the needs of Great Britain’'s cotton manufacturing in- |
dustry with raw cotton grown within the cotien-producing area of the Brit. l
ish Empire has just been received by the Bankers Trust Company from its
London carrespondent. |
Shortage of the cotton supply two+
vears ago led to the apopintment of |
an empire cotton-growing committee
by the British Board of Trade to in
quire into the possibility of increased
production. As a result of its inves- |
tigations, the committee has decided
that it is possible for the !r}!tish Em
pire to grow raw ocotton sufficient to
meet all British demands, provided
that support is given to a program
of increased production by the home
’and. overseas governments, the cot-}
‘ton manufacturing industry and the
ecotton growers. Irrigation, drainage
‘and: other development work on a
large scale will be necessary, the
committee reports.
THREE MAIN ESSENTIALS. |
The principal areas under the Brit
ish jurisdiction within which proper
development will make them capable
of gleldlnt the required increased
production are mentioned as Egypt,
the Sudan, Northern Nigeria, Uganda,
Nyassaland, Northern - Rhodesia,
parts of South Africa and Mesopota
mia, which has come under Eng
land’s control as a result of the war.
There are three main edsentials to
the success of the proposed program,
according to the committee's report:
(1) Acquisition of necessary knowl
edge (concerning cotton culture) and
a supply of trained men to apply that
knowledge.
(2) Establishment of efficient ar
rangements for (a) controlling the
growing of cotton crops, (b) market
ing the crops, when grown, to secure
the best results for the growers.
(3) Provision of necessary funds.
The committee recommends that it
be authorized to continue its work
for five years, with an annual grant
of about §50,000 for expenses; that a
| New York Stock Market H
Market closed strong. 1
Stock sales, 1,017,600 shares
Bond : ‘ll, ; u'ut Prev.
y 1 h’Low Bale Iglou
STOCKS— e o ‘:% ‘
Allig-Chalmers . L VO] “ l
Am, Agrieul. , ... bie» talefons “i.g “n
AWM. .0 sinl skl i
Am, 8. & Com. . 1 i " e
Am. Beet Sug. . . Bl iul ton i
L 1%[138 |1413/13
Am Coy "Bier 1M e
B 00, i g, 104& ::“
Am: Lo('(;:m. oy 29{ :g_{z 2: e
Sme ¥ red ok
:Ir: Steel Fdr. . .“g Sol Izg%‘
< Bug. Bet -[LAKIIO |OO
Am. Teb & Tel. |IOO% 99% us& 2
resyl 0 N .1.‘22 aliegi
Am. Linseed . .. (S| 84 84 i
AL A sVi LBl 2 n: 130%4
A p?d. L iRt 110|112k o
g o R 981 s :m %K
2s'. %b.‘ Seeur. . ggk» iR :g* :g%
g W o) 1) i) ) 41
Let o . |ax
W Btest . . ..
:}ma Gold . .. ‘é(}% sl ek :2
Anagonda ~ . . . Sinl 8¢ 8% o
BPETR L A
A. : 5 ‘ ssjooevefasecalense 1.1“
‘ At 23 1133%
"I‘3{s:. }}:co. B ilg; 1”!2 5, {{
B 7ot 0 Tasi g
g:?fi\ !l;l:lérs: oo :::2' :0 2gg
Beth. Steel ‘B 8 ’TG
Btk mave. 4. L heN Boul 264
te " ..c.-4.A..A4,.,
ggtte Wz ..6| “a 32%
Calif. Petrol . el 8 vfll“ ;3
Calif. Pack. . .. S 151
Oan. Pad.’ . e"’ Fwl"ul tl% i
é‘ Pek covasnfurenels s ivl 38
Chii & Nowv,' . . i 4 i i
Coio, F. &1L | 38mias |3B i
M. & P, don) w 3 i
7 7 ol et = !4& 3 i
Chino Copper . . 36%) 34%) 38 i
Gy IO vy e 1"a“& b
Corn Pr{od. S @tk Nul i o 3
Crosinle Steel . . i{243" 831 sz
Crueible Steel .. . 13 N :1 it
Coliy Gras, .. b 43 | o 4-§ b
' Cuban Am. Sug. .| P ian) i
‘Cuban Cane Sug. | ATR] 48K 4T i 1
Cast Yroa Pipe oAI ':% gg% b
‘g;“g%opz o ;1;322 135\4 149% xs
Idhudler Mot. ? . 2 4 2 ¢
ALY GRS g 569 “& 51& i
‘(torre-dé-P:;co v R % 2,2:
o i ; vosdensao]aggein
}Coméo. 18t prd. 1. ek tigl G ;;“
Er‘. ¢ F Y ; - ..1..-4. car e .....lo’
oy 106% 1106 % :
!E;lo'ktuf-gohn. g .‘l22‘\“ “” 36% ?‘;"‘
i }T'b& > ‘ 35%% 368 “s%'[ o
2 uh. . 1 P B
\«]"‘:,k Cimar Bto. . .iooe-bige |iug ’%::“
(:,m,’ Bise.” . . 1143 A %8 “_’_NA
| Gen, Motgrn l 1! To%| ‘o“i i
| fl' R“ ! ‘v,‘>.,.‘A,,,4... 2W
‘Gfioda‘ ptd, . . . 03%: Gk "z g,,;
' Gt. ‘Nor. pfd. . 14l i i
Gt. Ner. Ore . .. so| Joßp 0 i
Guie 8. sreel .. Tk ] TR%] 5
;GPW'(finxéa'.':.,.....‘......r 34
font canfoerarvfusee
\?lrl..ee%‘entul i o siicl weu =g
'lnsp. Cop, . . .- 5 H “;2 B¢
Ind, Aleohol . .. Pl ful Bt 3
Int. Niekel . . 'A‘ 1
Ko B
eP L J:“’us 136 " Hl2B
:'Kellz !'\:,r. “". ..' -i6¥'~i6§‘~ib& 332
xOB .§ o 1 ip
FORALALELS ll‘xou 30
Kennecot
.
Gen. Electric Offers
Holders New Stock
NEW YORK, March i 17.-—The directors
6f the General Electrie Company have au
thorized the offering of new stock to pres
ent shareWolders at $125 a ghare on the
basis of one share of new for each ten
shares now hejd, Holders of record April
6 are given the rrlvn-le of subscribing,
the expiration date being May 20. Pay
ment for the new stock must be made on
or before May 20. {
e —— i ——————_
| NEW YORK PRODUCE MARKET,
NEW YORK, March 17~Petroleum,
tirm, Crude Pennsylvania, 6.10.
Turrenune. strong, 2.27%?‘1,30.
Roaln, steady; common, .00.
Woo!, firm; domestic fleece XX Ohle,
82@1.00; domestic pulled gcoured basis,
75@1.70; domestic Texas scoured Dbasls,
1.0 PI.H,
Hides, quiet; native gtaeu, @37~
branded steers, 32. s
Coffee, steady; options opened 1 to 3
points hlfh.r; Rio Neo. 7 on .got. 15.
Rice, firm: domestic, L @ls,
Molasses, firm; New Orleans open ket
tle, 1.02@1.12; Black Btrap, 26, ‘
11,54,
Refined sugar, steady; fine granulated,
Hgls. o |
otatees, irregular: nearby white, 500@
11,00; Bermudas, 6.60@14.00; Southern
sweets, @B,
Beans, dull; marrow cholce 11@11.50;
fis‘ocholce. 7.26@17.76; red kidney cholee,
faney, 20@37; apples, evaporated, prime
Dried fruits, firm; apricots, choice to
{o fancy, 14&26%8; prunes, 30c teo sos,
16@23; 608 to 100 s, 10% @14%: peaches,
choice to fancy, 20321; wceded raisins,
choice ‘o fancy, 21@20%.
8. M. Weld & Ce.: “The market appears
to be ‘omx higher and more interest is
shown in new crop months. We belieye
short sales are inadvisable but would
only buy on good setbacks’”
e |
]central research institute be estab.
lished, preferably in Egype; funds be
provided for establishing readerships
'and research studentships in British
universities for scientific training of
experts in cotton culture; a bureau
be instituted for interchange and
publication of information.
FINANCIAL PROGRAM.
Strict government control &’er es
}sontlal matters relating to production
{in cotton-mwhw areas and estab
lishment of local growers’ assoela
tions are also recommended. The ex
isting British Cotton Growers' Asso
ciation is au(futod as a marketing
[agent. to servé without profit.
Finances for the general program
should, the committee says, ocome
from the British treasury, local rev
enues of the cotton-growing areas,
and from the cotton industry. The
British government, the report sug
gests, should furnish the funds for
the committee’'s staff and its opera
tions, also grants or guarantees to
assist in the completion of publie
works, such as railways, irrigation,
harbor facilities and other necessary
development projects. About $500,000
a year for the promotion of the work
could be obtained without hardship
to the cotton industry by a levy of
6 pence per 500. pound bale on all
raw cotton imported by Great Brit
ain, the raport adds. The imports
are about 4,000,000 bales annually. *
The cotton manufacturers are sup
porting the recommendations. At a
recent special meeting of the Lanca
shire Master Cotton Spinners’ Fed
eration in Mancheater resolutions
were adopted approving the report
and the proposed levy.
oo ma e R
TOCKS— High| Low _z:l; oz
T Steel . . .| 13| 13% w 1
g Pyl RN ST AR S 8
TR . T nid] 1]
R e 1
Mo Pac. (new) .| 88 lgw 132% o
ex. Petroleum . l:} R
gmdnn:f’ pfd, . . . | 90%| 90%| 90% g;;,:
Middle gmen Ofi .| 33%| 29% .m/. i
i opper . .| .| saa .
5!3'5‘;1. Steel . .| 4714| 46% 41% 1::
Nntlont: g&;::?x;: F g e silivs 77%1
tiona orsai! ries 3%
b Gme | L) fH)
LW R %3
et i 14] B 0 1K)
:g:.f' Pacific . . .| 84%| 83% lw. 8
Nev. Cori\.b(‘ro]?por . el ok
‘N, ¥. Airbrake ..| ....[%, i S
Okla. Pro. & Ry, . ‘:n ‘2}2 “% o
Bhio Cities Gas . . Nal 5 o a 2
Pennsylvania . . . 2 4 5 lae
Pierce-Arrow . . .| 5 "& s ne
ig el ‘t 38%| 38 | 33% W
8 gk gt ;, ;
I;:::Jseed St(gellCar LllO2 98%% 102!, S
Pittsburg Coatl . v ] .ooef ooes sl 18
Pullman Co. . . 1;31/. 1;:& 1"1‘2 1
Pan-Am. Pete. . . 4 3 HIR
Pere Marquette . . 1"’/: HHARH n
Pierce Olfl .. .. . AR R He
Ray Consolidated . el stk a 8 ";’2
R s " steel .| 97| 93%| 983%| 94
Repub. T. & Steel . Yl 37 il 3%
Rock Isla?ds,.)fl."'... zz%
. Stee colhl s g
ifi;n Dutch (new) 10;% lg{?" 19’% 9
Hoss-Sheffield . ;1 sé% sanl 10
s"oms?egl‘fif“h' CllOO% | 99% (100 123%
o&2 v ’
gg\‘:. Ranxiuy Sy G 24% 24% 5;;:
80, PG . .. looeidll siry 10
smdeg)’?ker e 1102% nx' lozv. 7'{’:
11 ransport . .l ....l .. 3¢ ;
i sgte |4
r pi g
S'.'.}‘i,amm ce . 4 |160% m" 1u ’:“
AL. .o odoi i) danl
t & Co. . . N
s'"do.]&h:t.) ol :: g :ga é:“
otor + 0 70
g‘:i‘.m}"roducrtl .ol TO% ". a% %23
, CODPPEr . s o] ssésf i 34
;;::s-%t:‘rw ol ;. ; J;a 'B;3 22’3 '22
8 o BRTY el
;:::s Pacifie . . '“ 23 3o= 103
United Fruit . . .P % 131 w (191 %131
Union chmo TR 1% !‘ 3 H
Unien rood Pred. .| 81K| 67 gl e
orE. Ru!fl);rci - t[los " iosßaos i
,8. Rea! oo o] sausl 43 #
6.8, R bl e
Unit. Retail Stores ;m ;:u ;i R}t
T B hem. . {77 | Ten| 18 |l3
Va.-Car. Chem. . . sl o n
\mnndl’?m vB T ‘;:‘
e ot B abk| 3 2T
f Union i ale f aeonl goant :
:'fi“n;:'r'w-rmna 9 l’ 15\:' 24%" 25% IE;
Woolworth ./. .} a...] .44 |43 ¢
“'2“‘l'“‘“&.",22"‘ : i} 2’21“'1 Bl 7% ;:i
iv‘fl'.’o‘n' Pkg, Co. ._‘ls3 o WL
e ——r =
BONDS.
...
40 b.:nq's gAR :(’!:2
Ao A4s . . a 9 so{sh. 48|59.50(5.
jo. 2d 4s. ~ . .|89.50 -30i89. 42
2 Mt 4&-' : '"'“’.’.’!f'?‘.. 31'33
ao- A 0 S tlae walee wales akise.
ao 4’&‘&'& . Z::Z:: M. oo.o::g.g:
. aoein 4 | onader- sy sgß
do, Bth 3%5. ..%) i B i
Call Money ... . . :
¥ Ex-dividend. o ,
2
| L
f WASHINGTON, March 17.—-!.0«% rains
' will continue in the South, except n the
| Florida peninsula tonight and Thursday.
| Temperatures will be somewhat lower tos
‘m‘ht, except on the South Atlantic coast.
'Pona-.t by States:
I!leorflu——(}eneully eloudy tonight and
Thutsday; probably local rains; somewhat
lculder tonight in the interior,
l North Carolina—Generally cloudy tonight
and Thursday; probably local rains: colder
tonight. é
South Carolina—Cloudy tonight and
Thursday; probnbl{ local rains; somewhat
colder tonight in the interior.
¥lorida——Generally fair tonight and
|'flu&ld;y. except probably local rains in
northwest portion; slightly colder tonight
in northwest portion,
Extreme Southwest Florida~~Genertlly
’clouq tonight and Thursday; probably
jocal rains; somewhat colder tonight.
| Muhnma-—fiflunllr oloudr tonight %nd
Thursday; probably local rains; somewhat
colder tonight in south portion,
Mlutnlvm»«(nmrall{ ecloudy tonight
and Thursday; probably local rains in
south pertion; somewhat colder tonight in
southeast portion.
Tennesseo—Geenrally eloudy tonight and
Thurlflm pomewhat colder tonight in cen
tral an ut'&ornon.
Louisiana-~¥air tonight; Thursday, fair
and warmer in north portion; light north
to east.winds on the coast,
Louisiana—Thursday, part cloudy to
cloudy.
Arkansas—Thursday, senerally fair and
warmer.
Oklahoma, East Texas and West Texas—
Thuraday, fair and ;urmcr.
Kentucky—Partly/ \oudf tonight; Thurs
day, fair in east, iacreasing cloudiness in
west portion. |
I 00K abIAL
VIGOROUS RISE
NEW YORK, March 17.—There wag
a strong tone to the stock market at
the opening today, but after the ini
tial advances recessions were in or-|
der in the majority of issues.
Crucible Steel, on the declaration of
a 60 per cent stock dividend, opened
at from 242 to 240, against 2321-2
at the close yesterday' and then
quickly ylelded to 235. Baldwin Lo
comotive rose 4 points at the start
to 135 7-8, but soon dropped back to
123 7-8. Steel common rose 11-4 to
98 3-4 and Republic Steel, after sell
ing up to 95 3-8, fell to 94 1-2, |
Texas Company rose 4 points ta 212
and then yielded to 209 1-2, Mexican
Petroleum, after selling up 11-2 to
190, quickly lost this upturn, while
Middle Sates Oil continued in supply
and, after advancing to 33 3-8, had a
sharp drop to 30 7-8.
General Motors rose 4 points to 82!.,»1
Studebaker advanced 15-8 to 1021-4,
with a reaetion of 1 point, while
Pierce-Arrow dropped 11-4 from its
best to 63. . |
. International Paper was prominent,
selling 13-4 higher at 881-4. Amer-‘
ican Can rose 11-2 to 491-2 and
American Woolen more than 1 point
to 131. ' \
Baldwin Locomotive rose to n,bova‘
125, but sagged off to 123 1-2. United
States Steel common advanced to
99 3-8, while Crucible Steal, after ral
lying to 239, dropp=d to 233 1-2.
American Woolen advanced nearly 4
peints to 132 3-4 and American Canl
rose over 3 points to 50 3-8, The oil
issues were generally in demand, but
a supply was met on advances, Gen
eral Motors yielded 2 points to 324.
The market turned strong suddenly
in the late afterngon, most of the
leading issues advancing from 1 to 5
points from the low levels, ’
Baldwin Locomotive was prominent,
advancing over 4 poinis to 128 3-8,
while Cruecible advanced from 231 to
237 1-2. Stel Common, after selling
at 98 1-4, advanced to 99 1-2 and
Republic Steel advanced gver 2 points
to 94 5-8,
General Motors rallicd from 318 3-4
to 323, and Studebaker was 2 points
above the low at 101 3-4. Middle
States oOil, after drgpping to 29 1-4,
recovered to 32, and Mexican Petro
leum regained all of ita loss, selling
up to 190. The railwayv issues also
recovered most of their early losses.
Baldwin Locomotive from a morn
ing low of 128 1-2, had a eapid ad
vance to 135. Steel Common advanced
nearly 2 points from the low to 100
1-8, and Republic Steel over 4 points
to 98 7-8,. Stutz Motors advanced
19 1-2 Dointa to a new nigh record of
169 1-2. General Motors finished at
325 1-2, an upturn of rnearly 10 points
from the low,
Barnett Leather advanced 17 points
to 79. Mexican Petroieum roge &
points to 191 and the Other oil§ re
covered their early losses. American
Woolen rose 5 points to 135 1-2, while
International Paper, after touching a
new high record of 98¢ reacted to
89 3.4 at the finish.
The margot closed strong; govern
ments unchanged; railway and other
bonds strong.
_ CITIES SERVI QUOTATIONS.
(Quotations M by Atlanta 8"!1-0
Henry L. Deherty Ocmpl.ndy.)
B! Ask,
Cities Service I;H’d. a v err 0 Y
Cities Bervice Deb, "C* .....,100% ®lO3
Cities Service bankers’ shares 40 41
Cities Service commeon ..... 588 308
Empire Gas and Fuel ?M. ll& 9114
Cities Service Deb, “D" . ..... 8§ 9114
NEW YORK CURB STOCKS,
The market opened irregular,
Stocks~— Cloge.
Aetna Hxp, ~ 8§ llfi 9 214
An. Am, Ol . 27 28 28 27%
Con. Cop. ... 4% 8\ ,‘ 4%
Houston Oil 116 llg 1 120
SON ./ ¥ Y% 9 9%
Ind. Pipe. . .. 97 100 97 100
Inter wa %88 41 42 43
Yehigh W, O, .!6 88
Magma' . .. .34 a 8 36 @ 58
Marcon! .. . § 6 mg 514
Merritt Oil . ,20 Y 20 21
Midwest Ol . 1 3 1 2%
Midwest Ref, ,170 173 170 172
No. Am. Pulp. M‘ ’6'2 6% 5%
Prairie Oil , .70 00 @720
Ohio 011 . , °,3%0 "9 A 385
S O N J. . .30 Ll} 865
8 O, N Y . .468 4 460 480
Sud. "Jeet- .. 17 18 18% @ 17%
80, Ing. '» .430 sio 860 880
Union Tank ..123 133 126 180
Victoria Oil ~ 1% 1% I%@ 1%
Cons, Ariz. ~ . 1, 8 - N@ %
Nipissing . . . 104 @ 11 10%a@ 11
B. & Wy. 0. . 144@18-18 14@1 3-16
Glen R, 01l , ~ 3@ 3% 13 %
{T. -(). 8. Tr. «4% @ b 4#‘§ 5
ERE . .. ." 3 29 8
flupul[pu A ak% 614 5120 514
Car Light ... :& 314 2@ 2%
Roone Oil . . 4 4% @ 4%
Brasos . . . ~ 16 17 16 @ 18
Salt Creek ..50 @6l 50 %51
AENEE i reenaseinesie: 08 IREOE
COhatmers Motors ...,.,....s,, 3 7
BDR Tk, i arreraias 10 10%
g0"?rnA01!..u...,..........‘:u :
AN o s s nahb NP e N bad 4
xm"bu P P %
TR &y kT sa4 sdo 8 sonini B 8 (13
SRR, .o s o alsisavranss i B 18
L v i Geagivivi a
;:‘orlcu bia s ike ssms Fuiie B 8 45
SR WO .is iy W £
Perfoction Tre - i.vovveneice 4 g 4
PMIII'pI UG o s.ocsiliviivee 43 45
N ei e s A SR
g:élly IR e e e 8 11%
SRR P, i NN e 8 8614
Salt Creek . vvevevvivise. . 60 @ 61
BREDU (i iseasi it iseiniit %z %
TN Pro@uets . vciirviinii B 024
Bl BRI i e R 2
R W DU O iiiinasiieny BTN
WEENS 08l sriinvssvvissenss BN 4
Boang Ol ... cvviverinicrngss & s 44
DRSO v raininscsvi 39 208
RIMBWYR i ravisicsiiniivervi 8T 28
PERE MAR(’I'E’I’I‘I.
NEW YORK, March 17.—The Pere Mar
auette has bought 3,000 freight cars and
thirty light locomtives and three heavy
pwitch engineg from the government,
METAT. MARKET,
NEW YORK, Mare hil7.—Copper aulet
‘l.‘,:: March, April, May and June offered
~ Lead, eagier; spot, March and April of
fered 9.
Bpelter quiet: spot, 8.0®@8.37%: March
and April, 8.40@8.45; May, 8.40@8.60;
June, 8.45@8.65. 4
MONEY AND EXCHANGE. |
NEW YORK, March 17.-—Call meney on
the floor of the New York Stock Fx
ehange today ruled at 8 per cent; high,
8 per cent; low, 6 per cent,
Time money was steady.
Rates were: |
All rates §% @9 per cent.
The market for prime mercantile paper
was steady,
ctl” money {n London today was 3% per
cent,
Sterling axrhnnfe was_ easier with busi
ness in bankers’ bills at 3.71% for demand.
LIBERTY BONDS,
NEW YORX, March 17.-Liberty bhond
elosing aquotations Wednesday follow: 314's, '
’fl.'lo‘.l.fl); first 4's, 90.50@90.54; second |
's, 39,400 89.50; first 4%5, 9006 91.00; |
second 4%55, 80.84@89.86; third 435, 9282
®e2.86; fourth 4%5, "0.000)0'0‘. Hrllt
second 44’s, 97.00®07.60. Vlrlosy ~H£ e
97.40@97.60; victory 3%'s, 87.60@87.62,
50 PCT. DIVIDEND ON CRUCIBLE;
REALIZING CHECKS ADVANCE
By BROADAN WALL. | ;
" NEW YORK, March 17.—8tocks were reactionary Tuesday fo§ techni«
cal reasons. The advance had been very rapid and traders had handsomé
| profits that they wigshed cashed in. In addition to that, there was the fail
ure of the German revolution, out of which the financial world had hoped
a strong government would develop. From Washington some reports of
efforts on the part of Congress to levy a tax against stock dividénds by in
direction in deflance of the decree of the Supreme Court. There was also
great disappointment expressed over the attitude of union labor in the con
ference looking to a renewal of buildgnz operations in Nevaork City.
Announcement that the local Fed
eral Reserve Bank had overlooked
$156,000,000 in gold in making up last
week's statement had the effect of
glving the market a sharp upturn in
the early trading. This upturn was
due to the knowledge that this gold
would result in lower interest rates
before the day closed. That is exactly
what happened. Renewals were at ¢
per cent, but in the afternoon the call
rate fell to 7 and money was in abun
dant supply. Even call money was
easier. The first batch of the big
British gold shipment for this eity will
arrive in Canada in a few days on
battleships. That will help.
After this first onrugh whigh rcar
ried many stocks to new high levels
for the movement there was heavy
selling, particularly Crucible, Baldwin
and Texas Oil, Cruczible dropped 21
points before the selling waye spent
its force, Baldwin nearly b an@ Texas
10. The Mexican Oil ctocks which
advanced sharply in the morning sold
off rapidly.
The day ended with the market ir
regular, but with the best kind of
buying in evidence throughout the en
tire " list. Studebaker #nd Interna
tional Paper were the strong special
ties in the last hour of trading.
Nearly averything else showed some
recovery. Y
Crucible. opaz,q with wild trading
and an advance 'of 7 points to a new
hlgl; record. The dirgctors were
scheduled to meet and the street ex
nected them to declare a large stock
dividend. In the afternocen the selling
was based on a fear that the pro-
Foscd tax of 15 per cent for the priv
lege of issuing stock dividends might
cpuse the directors to change their
program, Lawyers suid that Congress
would not presume to levy the tax
in an indirect way aftur the Supreme
Court had rendered its decision that
a stoeck tax was unconstitutional. The
Crucible directors announced 50 per
cent stock dividend an hour after
the market elosed.
All the olls were strong and as
Texas advanced, Mexican Petroleum,
Panama, Royal Duteh and even the
little ones went up. When the big
stocks sold off in the a’ternoon there
was an attack made on Middle
States Oil and it broke easily.
Great Northern Ore attracted much
attention with brupt advance of 2
points at time when other stocks were
not doing much.
Internaticnal Paper attracted much
attention with abrupt advance of 2
sharp advence. At the same time
Studebaker moved to a new high
record.
uu{fl LIVE STOCK MARKET,
(Corrected by W. H. White Jr., President
of White Provision Company,
.f‘-god to choice steers, 850-1,000, 10.35@
10.75.
Good steers, 750-850, ..15%}0.“.
Medium to good gteers, 750@850, 9.00@
8.50,
@?ggd te cholce beef cows, 750-850, 8.00
Medium to goed cows, 6GO-750, 7.00 Q
8,00
73004 to cholos Nelfers; 560-650, 6.50@
(The above represents the ruling pricea
on good quality fed cattle. Inferior
srades and dairy types quoted below.)
Medium to good :turl. 700-800, 7.50@
8.50.
Medium to goed steers, 700-100, 7.50@
7.50.
Mixed common ecattle, 5.00@6.00.
Good tut oxen, 7.50@HR.50.
Good butcher bulls, 6.5067.50.
Choice veal calv.}( 7.00693.00.
Yo;rungs, s.soxc. 0,
Prime hoge, 168-2265, 10-00’1‘-!5.
Light hogs, 135.165 180 flu‘u.
Heavy pigs, 100-135, 11.“? .78.
Light pigs, SO-100, 10.00@10.25.
(The above applies to good aquality
mixed feed hogs.)
gt o———
FOREIGN l{mt‘fll
NEW YORK. Marc 11.—-"0?0?1' ex
change close guendly: Sterling demand,
3.73% ; cables, 3.74; bankers, 60-days, 3.67;
90 days, 3.66; France cheeks, 13.37; cables,
13.35; Belgium checks, 12.95; cables, 12.93;
Germany checks, 13.3; elblfil. 1.33; Austria
checks, 49; cables, 50; Holland checks,
365 ; cables, 36%; Italy checks, 18.10;
cables, 18.08; Swiss checks, 5.82; cables,
5.80; Stockholm kroner checks, 20.20;
cables, 20.40; Christiania Kroner checks,
17.80;: cables, 17.96; C%onhaten kroner
:-hnckflu’i 17,10; cables, 17.25; Canadian dol
lars, TB,
.)-':__@_)_;'_>_‘_;‘_'l_l""‘ ST OIR r:vannm"l 1“'wnlu!;l!!u“!tmt.“‘ ':'...
#SECURITIES SALES CO§
=l INVESTMENT SECURITIES |
= PHONE” Direct wire so our NewTork Correspondent GRANTBLDG |
‘ vv2200 Hayden, Stone & Company ATLANTA
DL Members of New York Stock Exchange 3
2 O e R 0. R TRITITT ri.‘.."
Of Interest to Farmers
We wish to announce to farmers wishing to com
bat boll Weevil we have acéquired the selling
agency of Brown’s Numbers One, Two and Four
cotton seed, grown by Mr. Marcus L. Brown of
Decatur, Ga. Number Two seed are an improve
ment of the Cleveland Big 8011. Number Four
is an improvement on the Triumph. We offer
these very early seed put up in burlap bags at $3
per bushel at our uptown office, Number 25 Ivy
Street, Atlanta, Ga. Respectfully,
The Cotton Warehouse Co.
Cotton Factors. o
I
$35,000,000 Texas :
Co. Notes Offe
The Securities SBales Company annoyn
that it is offering (subjeet to confirmatide
when as and If issued) $35,000,000 Te:
Cempany, three year 7 per cent sinking
fund gold notes, dated March 1, 1920
and due March 1, 1923. The notes ame
offered at 99, yielding more than 7% pef
cent. .
Interest is payahle March 1 and Sep
tember 1. ’
The Texas Company is one of the ltrl
est oil companics in the world, htving a
refining capacity of 90,000 barrels per day.
Net earnings for the year 1919 after all
interest and federal taxes was over ten
times interest requirements on this issue.
These notes constitute a direct obliga-*
tion of th company. With the uccgtion
of approximately §4,200,000 sundry obliga
tions and $15,000,000..6 per cent debem
ture bonds which aFe to be called for
redemption July 1, 1820, at 105, this issue
will comprise the company's only funded
deht, The notes are followed by sto
havin{ a %resont market value In excegs
of $250,000,000 No mortgage can e
placed upon any of the company's pro
perties during the life of these notes. The
company further covenants to maintain at
all times its quick assets at 150 per cemt
in excess of all liabilites.
Texas Co. Reports 1919
.
Net Profit $18,671416
NEW YORK, March 17.—Texas Company
for the year ended December 31, 191, re
ports net profit after all charges and
federal taxes at $18,671,416, equal to $21.86
a share. ¥
JACKSONVILLE LIVE STOCK,
Hogs—Receipts, light; prospects, steady.
Choiee heavy, 13.75@14.00; good hu:{.
13.75@14.00; rough heavy, 12.00@13.00;
lights, 12.75@13,00; heavy pigs, 1L.75@
12.00; light pigs, 10.50@12.00. .
Cattle—Recaipts, light; prospects, steady.
Steers, 7.00@11,00; bulls, 6.00@8.00; year
lings, 6.00@7.60: cows, 6.00@8.50; veal
oalves, 7.60@11.00; canners, 3.50 up.—Wil
llamson and Dennis, March 186, ¥
| NAVAL STCRES. :
SAVANNAH, Ga., March 17.—Spir
its: Market firm; regulars, 212 1-2;
sales, 59. Rosin: Market unchanggg.
}WW, 10.00; WG, 19.00; N, 19.00; b
19.00; K, 18.75; I, 18.45; H, 18.40; G,
18.35; F, 18.35; E, 18.35; D, 18.25; B,
17.00. %
Receipts: Spirits, 35; rosin, 152. -
Shipments: Spirits, 3; rosin, 1,643,
Stocks® Spirits, 2,188; rosin, 24,-
889,
Safes and Vault Doors
Bank and fireproof, new
and used, Agent for Hall's,
Victor and Underwriter's
Filing Safes. Expert open.
ing and repairing. See us.
Atlanta Safe Co.
64 W. u st
\ Nialn 000 "
|
iBN L bBRN ei e gt SSRLRSR L S
) New Stock Issued by
~ The Georgia Savings
| Bank and Trust Co.
¥
I Notice is hereby given that share °
holders of Georgia Savings Bank &
Trust Company of Atlanta, Georgia,
have the right to subscribe for one
and one-half times the number of
shares of the new stock authorized
by a stockholders’ meeting held
March 1, 1920, as they shall own of
+the existing stock, on Tuesday,
March 23, 1920, at noon, central time,
as shown by the books of said bank.‘g
Sald new, stock to be paid for at
$135.00 per share for stockholders or’
their transferees, on or before 2
o'clock p. m., central time, Tuesday,
April 6, 1920. Notice must be given
to the bank in writing of the num
ber of shares each stockholder sub
gcribeg for of the new stock net later
than Tuesday, March 23, 1920, at
noon,
This first day of March, 1920
GEORGE M, BROWN, President.
By order of board of directors,
—Adv.