Newspaper Page Text
0 ( ; . i . : . . : : W%
335 Bales Cotton So:lere Thursday at Record Price of 43 Cents, Basis—Futures Soar to New High Record—Big Rise in Stoc
KN s e
U. S. WILL ISSUE COTTON
GINNINGS REPORT SATURDAY
Atlanta bank clearings Thursday..... .. .... ..--$13,084,097.40
Same day 188 t YORY ... L. oh el s e 9020959 47
ey
ANORORND . i G caseinne wases imo SAUEE 146 80
ga.me gayllgitsweek S e eeTR B
ame aa
y et es e 7,019,898.11
Atlanta cotton statement Thursday:
- 1920. Last Week. ‘1919, 1918.
Receipts .. .. ... 391 731 804 889
Shipments.. .... .. 1,014 930 649 618
BIDOEE & .y i .. 08 00T 33,022 25,512 25,378
*a 2 »
Atlanta spot cotton Thursday...-... ... .. o 0 couo.. 42.16 c
DR Y TORE W . .t e e e A e
BA.Gik s e e
B R R - s G i R
* » .
By VICTOR BARRON.
Spot eo(ton here Thursday sold at the highest price in history.
J. R. Ellis Jr., president of the Cotton Warehouse Company, announced *
that H. H. Fitzpatrick of Madison sold 335 bales to J. B. Gordon, local
P S n representative of the Latham-Bradshaw Company
M;Z*;\,\:;@& of Greensboro, N. C., at 43 cents, basis middling. The
BN transaction was handled by the Cotton Warehouse
g&{%’ifi‘v Company. Expressed in dollars and cents, the trans
’fi%r&@ action involved an unprecedented sum for this num
;&%W‘*fif ber of bales of that grade of more than $72,000.
’*~ i T
»rj’, 5! Stimulated by further heavy rains in the eastern
W* % M belt, together with the vigorous rise in securities and a
K w marked reduction in the inspected stock of cotton at
; W s g New York, the bulls took hold of the cotton market early
”‘,.X’, s 8 Thursday and hoisted prices to new records for the
‘< movement. First prices at New York were 3 to 29
:3%5:5?:'5;5:‘?:2:5?' points higher. After the call heavy buying appeared,
&g led by shorts, trade houses and spot firms. Offerings
T were light and confined to realizers. Before the end of
‘53;; w the first hour and a half of trading futures at New York
}"“ g i had risen to a net gain of 40 t» 56 points on most active
L oeßte @ positions. May rose to 38.26, while July moved up to
bs b b s 35.40, October 32.32, December 31.43 and January 30.96.
March touched Wednesday’s record of 40.24. Futures at New Orleans fol
lowed the course of the New York market, exhibiting a net gain of 27 to
46 points, with March rising to 40.10, May 28.05, July 35.36 and October 32.18.
Less apprehension with regard to the political crisis in Germany and
large exports also inspired buying. The market also was stimulated by
pessimistic crop advices and continued rise in spots, with demand showing
improvement.
i e 2 esoo ¥ oAt Oa7 T i SR s et
l
|
CHICAGO, March 18.—Trade was
rather light in corn at the opening}
and scattered commiss:on house buy-{
ing caused a start of 1-4 to 1 cent
~ higher. A reaction set in later for
May and July, caused by heavier
selling.
After opening 1-4 to 1-2 cent high
er, oats reacted on realizing sales
through commission nouses,
Trade in provisions was quiet, with
a higher opening on scattered buy
ing. -
1 | | ] 1:30 !Pre\n
£ . tOuen | High | Low | P. M. | Closs
Corn | | | |
Mar, 1.60 1.61 | 1.60 1.61 Sosaye
Muy 1.57%| 1.59%| 1.567%| 1.58%| 1.56714
July | 1.5015] .152%| 1.50%| 1.513% | 1.5015
Sept. 1.47%| 3.48% 1.40%»,;‘ 1.47%/| 1,461
Onts |
May 87% .88% 87%| .88 875
July .80 .81 .79%! .80‘»{1’ T 9%
Sept. 701 .70%) .69% LTO%) .70%
Pork )
May {37,00 38.26 [37.00 [38.10 |[36.25
July 136.50 (37.00 [36.50 (37.00 [36.10
Tard |
May 121.90 122.00 [21.80 [21.80 [21.60
July [22.67 [22.77 |[22.55 (22.56 |[22.37
Ribs |
May ‘l&Q.’- 19.20 |18.95 119.20 ‘8.82
July [19.50 [19.75 [19.50 [19.75 [99.35
CHICAGO CAR LOTS.
CHICAGO, March 18.—Following are re
ceipts. for teday:
DIBORE: s cncsoossisstnasssnessanniny 6
B ey i ey s 300
BIMEN iy bvniiririobsnrahibioiyhons 52
RO o siR e e TR IR
i i it
ST. LOUIS LIVE STOCK MARKET.
ST. LOUIS, March 18.-—Cattle: Receipts,
2.200; market slow; native beef steers,
10.50@13.75; yearling beef steers and
heifers, 10.00@13.00; cows, 9.76@11.75;
stockers and feeders, 10.00@11.50; calves,
165.00@18.00; canners, 4.756@86.50.
Hogs: Receipts, 12,000; market, 15 to
25¢ higher; mixed and butchers, 15.65@
16.30; good, 14.76@15.75; rough, 11.75@
12.00; lights, 16.00@16.30; pigs, 12.75@
16.00; bulk, 15.85@16.25.
Sheep: Receipts, 7.50; market, steady;
ewes, 13.75@14.00; canners and choppers,
5.00@8.00; lambs, 18.75@19.00.
kA et i
JACKSONVILLE LIVE STOCK.
Hogs, receipts, medium; prospects,
steady; choice heavy, 13.76@14.00; good
heavy, 13.75@14.00; rough heavy, 12.50@
13.00; lights, 12.75@13.00;: heavy pigs,
11.76@12.00; light pigs, 10 50@12.00,
Cattle, receipts; light; prospects, steady;
steers, 7.00@11.00; bulls, 6.00@8.00; year
lings, 6.00@7.50; . cows, 6.00@8.50; veal
calves, /7.50@11.00; canners, 3.50 up.—
Williamson & Dennis, March 17. |
Ware & Leland: “Further rapid upturns
whenever the pit becomes oversold are
to be expected. We would hesitate about}
following the advance.”
COTTON
The market is advancing. Con
sign us your cotton and take advan
tage of the good spot market in At
lanta. We can sell both high grades
and low grades.
The Cotton Warehouse Company
25 Ivy Street Atlanta, Ga.
THE GEORGIAN'S PAGE OF MARKETS AND FINANCIALNEWS)
. Exports from Boston Thursday
totaled 17,000 bales. The outgo Wed- |
nesday amounted to 31,436 Dbales,
bringing the total so far this weeki
up to 63,306 bales. Since the first
of the season exports total more than
4,820,000 bales, including the 17,000
bales shipped from Boston Thursday.
The trade is awaiting for the final
census report on ginnings for thel
season of 1919-20, which will be is- |
sued Saturday. Recently the Na
tional Ginners’ Association estimated
the season’s ginnings at 11,100,000
bales. The government estimated
that crop at 11,030,000 bales, without
linters. Saturday’s report will com
pare with 10,322,148 bales ginned to
January 16 last, against 11,048,652
bales to the same date a year ago.
@innings to March 20 a year ago
totaled 11,906,480 bales, and the final
figures for that crop totaled 12,040,-
532 bales.
' In order. that the government’s es
timate of 11,030,000 bales be con
firmed Saturday’s report must show
that 707,852 bales were ginned during
the final period—Janvary 16 to March
20.
‘ The crop in 1918 totaled 11,302,375
bales and 11,449,930 bales in 1917.
‘ Georgia’s. ginnings to January 16
last totaled@ 1,650,621 bales, against
the government's estimate for the
State of 1,730,000 bales. The State’s
crop for the season of 1918-19 totaled
2,116,032 bales, according to figures
of March 20, 1919,
GRAIN GOSSIP.,
By JOSEPH F. PRITCHARD.
CHICAGO, March 18.—Egypt bought
147,000 tons of white corn flour in this
country Wednesday and made inquiry for
50,000 tons of yellow corn flour. Raders
believed this transaction was forefunner
for further export'bu.sinen.
.
Bears in the corn market continued to
put out short lines at the opening in the
belief that the marke was ripe for re
action. After selling sharply lower dur
ing the morning prices ‘took an upward
trend and resting spots were at gains
of IY% to 2%ec.
‘- - .
The prospect that Germany would be
voted credit of one billion dollars for the
purchase of foodstuffs and raw materialg’
in this country attracted a great deal
of attention among the traders on the
board of trade. -Ig fcredit is advanced,
traders said, Germany will take a con
siderable quantity of corn, as well as
meat and lard.
- - .
While ry futures were % to lc higher,
more deferred months were %o lower.
The strength shown in rye largely in
sympathy with price gains in corn and
oats.
- . .
Oats was higher, with contract grades
gelling at 10%c¢ over May. This was the
highest price ever reached in Chicago.
Traders considered it certain that the
May future would duplicate the action of
May corn—advance to the price of the
deliverable grade.
. . .
Hog products had a better undertone,
The possibility of loans or credits to the
Central Empires and the prospect of
large purchases of meat and lard when
credits were available encouraged /trad«
ers. The hog market was strong, Wwith
receipts light.
NEW YORK, March 18.—The cot
ton market opened firm today at an
advance of 3 to 29 points on favor
able Liverpool cables, strength in se
curities, further rains in the eastern
belt and a sharp reduction in the in
spection stocks here following an of
ficial recount.
All months with the exception of
March made new high records for the
movement, but toward 38 cents for
May and above 32 cents for October,
heavy realizing was encountered
which brought about a moderate re
action. The undertone, however, re
mained steady and at the end of the
first fifteen minutes the list showed
net gains of 20 to 24 points.
The market rose to new high rec
ords during the late forenoon, with
May touching 38.26, July 35.40 and
October 32.32. At the highest the
list showed a net gain of 40 to 56
points, except March, which held at
40.24,
NEW ORLEANS COTTON.
| [ l | 1:30, Prev.
|Open|High| Low|P. M.| Close _
MEreh .. . !39.90 40.10(39.88/40.00{39.83 ‘
May .. .. ..[37.75/38.08/37.70/37.97{37.65-70
July .. .. ..|34.93]35.36/34.93135.27/34.90-92
Oot. Ȣ' e a+/31.T7152.18]81.77 32.03,31.73-77
Dec. .. .. ..[31.01{31.25{31.05/31.23(30.90 \
Jan L bho it L o R
NEW YORK COTTON, l
| | ‘ 1:30 }Prev. |
s e e tew | P {Olase
March ~ .. [40.24/40.24]40.20{40.24]40.15-24
May .. .., ..[37.85|38.26(37.85(38.22{37.71-73
July .. .. ../34.90]35.45/34.90135.40/34.84-85
Oct. .. .. ..|31.95[32.34/31.95/32.25/31.92-95
TG, o iBS 31.43'31.11 31.35!31.00-02
Jan. .. .. ..|30.65(30.96|30.65/30.83/30.50-52
LIVERPOOL COTTON.
LIVERPOOL, March 18.—Spots opened
in improved demand. Prices firm, sales
6,000 bales.
American middling fair, 33.64; good
middling, 30.64; fully middling, 29.64;
middling, 28.64; low middling, 25.34; good
ordinary, 22.14; ordinary, 21.14.
Futures opened steady.
| 1 2:00] ‘Prev.
|Open|P. M.|Close|Close
MAreh ~ v ..26.5526.72{26.84}20.441
ADPriY & i Daakiain i 0188 TS 080
May .. .4 . -.|25.45[25.60/25.55/25.34
AN N e b eo TR BT IR e
July .. oo vs oo oo [24.60/24.67|24.86|24.49
August .. ~ .. .. |24.09].....]24.34/23.99
Heptember .. ~ .. |.ioaaden i 88682330
October .. .. - 22.95‘22.9723.0922.80‘
November . .. oo Jouis)snni |2B, 64123041
December .. .. .. |,....|21.78]22.17]21.98
January .. .. .. |21.85|.....{21.95/21.72
February .. .. .. [21.54f..... 21.79|21.62
Closed steady. |
AR e e s e |
COTTON NOTES. ‘
Hugh McElroy wires: “Showers are
predicted for the Southwest, where they
will be welcomed, as Wednesday's first
crop weather report indicated that sec
tion was becoming too dry and that |
rains were needed to facilitate planting
and germination. The situation continues
bullish as ever."” 1
.. . \
DeGoemuns wires: ‘“We still hold to
our views that the market will ultimately
see higher prices. Should any good re
action occur, we advise to purchase.”
. - L -
Liverpool bought near months. New
Orleans sold. Wall street sold July's
around 35 cents. The market took the
cotton very easy. ¢
~ Weather is unravorable in the East.
- .
' Certificated stock of cotton in New
York is now down to 11,220 bales. which
Jeaves shorts in near months helpless.
Theére seems to be nothing but the long
'side for the time being.
. - L
‘ The weather map shows mostly cloudy
over the belt; no rain, except in parts of
~Alabama and Georgia; heavy at Macon
and Augusta; warnreg; temperature to 70
‘inlo North Texas.
: . - .
Liverpool cables were due 1 to 10%
points higher. The market opened steady
at 11 to 15 points advance. At miaday
the market was steady at a net advance
of 14 to 21 points. Improved demand
for spot cotton at 47 points advance;
middling, 28.64; sales, 6,000, including 5,-
000 American; imports, 8,000; none
American,
. . .
Spot cotton in Southern markets Wed
nesday were quoted unchanged to 35
points higher.
“The market is ‘being dominated by
the congestion in the near months, as
there is still a large short interest,” says
Clevenburg of New York. “It is hope
less, as no spot cotton can come here at
even present prices. Higher quotations
seem inevitable.”
-y
The Times Picayune says: ‘‘Sentiment
was rather bullish Wednesday, American
markets appearing to take a more favor
able view of German news than Liver
w seemed disposed to take. Bullish
"sentiment was further bolstered up by
the strength of near positions due to the
‘scnrcity of cotton available for tender
ing or contracts, and by the continued
‘rainl in the eastern half of the belt,
' which threatened to further delay crop
preparations. There has been a long spell
of wet weather in the east of the Mis
sissippi River, further rains, heavy in lo
calities having fallen overnight, with
prospects for more moisture in that sec
tion in the immediate future. There
fore, farm work in the eastern half of
the belt undoubtedly has been delayed
all the more, it is probable that semi
_monthly private crop accounts for that
section will be less favorable.”
gO'I'I‘ON MARKET OPINIONS,
¥. ¥. Hutton & Co.: “The position of
the local stock is still restricting selling
and gives renewed.cor.nfld.ence to the bulls.”
Moss & Ferguson: ‘‘Purchases on reces
s!onu' seem the best policy for the pres
ent. S
Hubbard Bros, & Co.: ‘lt is well to be
eareful ahout following the advance at
these prices, although the market shows
no sign of weakness.'"
NEW YORK PRODUCE MARKET,
NEW YORK, March 18-—Petroleum:
Strong; crude Pennsylvania, 6.10.
Turpentine—Steady; 2.27% @3O.
Rosin—Steady; common, 18.00.
Wool—Firm; domestic fleece XX Ohio,
62@1.00; domestic pulled gcoured basis,
75@1.70; domestic Texas scoured basis,
1.00G1.75.
Hides—Firm; native steers, 35@37%;
branded steers, 32.
Coffee—Weak; options opened 4 to 16
points lower; Rio No. 7, on spot, 15@15%.
‘ Rice—Firm; domestic, 96@15.
Molasses—Steady; New Orleans open ket
tle, 1.02@1.12; black strap, 26,
- Raw Sugar—-Firmer; centrifugals, 11.00
@11.79.
Refined Sugar—Demand improved; fine
granulated, 314.00@ 14.50.
Potatoes—lrregular; nearby white, 5.00
‘@11.00; Bermudas, 6.50@14.00; Southern
sweets, 7.00@8.00,
Beans—Firm; marrow choice, 11.50; pea
choice, 7.560@17.75; red kidney, choice, 14,
Dried Fruits—Firm; apricots, choice to
fancy, 29 37; apples, evaporated, prime to
fancy, 14@26%; prunes, 308 to 608, 15@23;
60s to 100 s, 10 @14% ; peaches, choice to
fancy, 20@25; seeded raisins, choice to
fancy, 21@29%.
BUTTER, POULTRY AND EGGS,
NEW YORK, March 18.-—Poultry: Live
and firm; chickens, 28@35; turkeys, 45@
46; geese, 40@45, 2
~ Butter: Market, steady; creamery ex
tras, 67% @7l; firsts, 65% @69; higher
scoring, 68@72; State dairy tubs, 46@661% ;
renovated extras, 54@55; imitation cream
ery, 46@47. .
) C‘heese: Market, firm; State whole milk
specials, 29% @3l; fancy. 28@29; Wis
consin lower grades, 14@27; whole milk,
fancy young Americans, 32@33; fair to
good, 10@12; lower grades, 4@9,
Eggs: Market advancing, 53@60; nearby
white, fancy, 53@54; brown fancy, 49@50;
extra, 47@47%; firsts, 49,
WHAT ABOUT THE FUTURE? |
“For four years American manufaturers
have been literally swamped with foreign
orders and the export trade of the coun-!
try has grown from $2,100,000,000 in 1914
to $7,700.000,000 during the year just
passed,” says The World's Markets, a
monthly publication issued by R. G. Dunn
and Company. '‘The great propsperity
due to this enormous increase in business
has at the same time resulted in an ab
normal domestic demand for merchandise
of all kinds. Some months ago it became
apparent that the manyfacturers could not
keep up with both the foreign and do
mestic demands.
“In this emergency some manufacturers
adopted the policy of taking care of home
demands first and assigning the small sur
plus that remained to their foreign custom
ers. In the majority of cases the manu
facturers argued that it was their domestic
trade that made it possible for them to
build up their business and therefore the
domestic trade should be glven every
preference. This may be true in the main,
but sight should not be lost of the fact
that an enormous foreign business has
been responsible for the present prosperity
New York Stock Market
| ljl::io \Prev.‘
_SBTOCKS— - [High| Low | P.M. [Close
Allis=Chal. , , . .| 44%]| 43%| 44%| 43%
dm. e Bihe- 1 o LTtk Seitaact 38
Am. 8. & Com. ~ .| 25%| 26%] 25%]| 26%
Am. Agriouk . e edSvidecs ]9B
Am. Beet Sug. ..| 89 88 881 | 8614
Am. Can . . , ..| 52%| 60%| 62%| 50%
Am. Car Fdry, ..|146 [142 [1443:]141
Am. Cot. Oil .., ,’ 438
Am. Locomo., . .[107%[105%{107%/105
Am. Smelt. ~ . .| 69%]| 68%| 687%| 69%4
Am. Steel Fdr. ..| 69 46% 48%‘ .4‘6
Am. Sug. Ref. . .|132 |132 |132 [130%
Am. Tel. & Tel. .|1003]1003% /10031003
xAm. Woolen . .[{139%[136% (13836135
Am. Linseed . ..| 84%| 84 8414 |B4
A, G. & W. I ..{164%[164%(164%(163
Am: H.-®& 5. . 0188 241, 28 24
do. pfd. . ..[llß [lls {llß [112%-
Am. Mebly G visleiaailil i cTANe
Am. Sum. Tob. . .| 98 971 97%/| 97
Ami Tob. Secur. .J.i..:fiveci]icvia\Nßo%
AR Yoe oy sel as
Am, Writ. Paper .| 53 53 53 .0
Am. Int. Corp. ..[1013%| 98%(101%| 98%
Allow Bteel %.l nh 00l vvi] 80 1
Alggka Gold .. . ]ioieilivivfoi el 13
Anaconda . . . .| 623/ 61 61%| 608 |
AtORNOR .o . B 84 85 837
AU RNe s Gl s g 58
AR BRD: . i ilins el ealike s n{m
Bald. Locomo. . .[137%(134%[135 |134%
B. & Ohio , . , .| 37%] 36%] 37%| 36%%"
Booth -Fish. ~ . .|.ieoofeesaiPiiivs 11%‘
Beth. Motors . ..| 31%| 29%] 30%| 30% |
Beth. Steel “B” .| 97 92%| 97 9214
888 ol enidenaifereve iy el
Butte Bupe.. [ ~ liiciilesessfiastatb 3095
Butte G & Z . f.:iloaad bl i ig
oallt. Betel Lottt e
CBllr. - Paok .+ 83%‘ 833 | 83%! 8114
Can. Pac. . . . ,[124%(124 [12434]122%
Gl B s vkl PINL TN SIN 57_’
Chi, & Net, .| Lo iicilision] B 2 8
Colo. ¥. & I. . 139 | 38%| 39 2814
C., M. & St. P, ..| 40%] 39%]| 40%]| 39%
B ptd est e
Chino Cop. . . ..| 348 34%/| 345 34
Col GRe. . - o 0 deisnils isavliisi il a%
Corn Prod. . . .| 95%!| 94 95 9454
Coca-Cola . ... .| 35%]| 35%]| 36%| 3614
Crucible Steel . .[237, |233%)237 ,233‘,{; l
Col, armt, ¢ | 44950 437 43% 43%‘
Cuban Am. Sak. " .. 00 o 0 6, 1108
Cuban Cane Sug. . | 487%| 4844 48% | 471%
Cast Iron Pipe ||lß
Ceptrsl. Ia . . .1 W 0 ’i7% a 0 flbl?i
Chile Copper . ..| 185| 1814 1814] 1834
Chandler Mot. ~ .|153 [1513%1152%]149%
Corre-de-Pasco . .| 53 53 53 5114
el W PIMA 0 T s 95,
Brie . ... o o CAAMT 36%] 34% 14§'|
a 8 BRII Sk el RN
Sndicott-John. . .[ll9 [ll6 . |ll6 [IOB
Freeport T. & 8. .| 27 27 27 2634
Wislk Eub: %00 L el bR vSS
Gen. Cigar Sto. .| 6814| 6814/ 68| 6715
Gen. Electric . ..[166%/16612/16631165
Gen. Motors ~ . .‘3351,/,'3?7 1333|324
Good. Rub, , . .| 73 | 72%| 72%] 71
Gt Now. Mg, 7. 1314‘ 83 83%‘ 8215
Gt. Nor. Ore . .| 41%]| 40%| 41%4| 4035 |
Gulf Bt. Steel . .| 73%| 71 7 6815
G WTI s leadden g r ) RS
Greene-Cananea . |.....|.....].....] 34
1. Ceftral Gt ey 81 91 9014
Insp. Cop. . . ..| 663%| 5% | ReX| 5h14
Ind. Alcohol . . .| 981 961 9:%1 963
Int, WNiekel ;. . '] 93 22 22 22
Int. Harvester . x s s lina viR N
Int. Paper . . . .| 913%] 891! 9015| 8814
Ko\ "Tire . . | 198 126%'129 125
B OBRSI oval BT
Xom L Mk . Valoiicdia ol 2B
Kennecott . , 31%] 31 | 31%, 30855
Lack. Steel . , .| 8115| 76%/[ 81%4] 7214
Lebigh VYL, . (46!/.
Lot Coamay . .oaloiidiir b o 1N
Lo e v e hiidin ol
L BN ol e
Cents, Wholesale
Eggs suffered another heavy crash
Thursday, tumbling 4 cents a dozen to
36 cents for strictly fresh country re
ceipts. Some dealers quoted the market
at from 40 to 42 cents, but the average
ranged between 36 and 40 cents, with the
market showing a weak undertone as
the result of continued heavy receipts.
Demand is brisk.
“lI wouldn't be surprised to see prices
go lower,” said one dealer, “‘as the coun
try still is heavily loaded and this is
the heaviest laying period of the season.
One leading retailer quoted eggs Thurs
day at 40 cents a dozen.
Following are wholesale prices to re
tailers:
POULTRY, BUTTER, EGGS, FISH, OYS
TERS,
Butter,
Fresh country, per pound .... .35
Eggs,
Fresh country, candled, dozen .36@ .40
Live Poultry.
MONA - DOr BOUBNR i .35
Turkey, Der pound ... 43
BUABR POT QOUNE . iciiviineivn .32
FEIALS, . DOF POURE (.. isiiines 52
Roosters, per pound .......... 24
Puddle ducks, per pound ...... .30
Geone, per pound ... .. .44 .221%
ODIUNE WS s e ® .40
Fish,
Buck Shad, pound ............ .30
Roe Shad, pound .....,...... .40
Bnepper, per DOUNAd . . ieiieeneas 25
Pompanoes, per pound ........ 40
Mackerel, per pound .......... .25
Trout, por POUNd . ... . .icsuvs .26
Bottom fish, per barrel ...... 12.50
Mullet, per barrel .........cco 26.00
Oysters,
Select, per gallon ......... .. 2.50
BOWE, POR ERBUON i 2.25
FRUITS AND VEGETABLES,
Vegetables.
String beans, per drum (scarce) 5.50
Tomatoes, per crate, owing
o QUi .. s R
Cauliflower, per crate (scarce). 3.60
Canadian turnips, per pound .. .04 ¢
Lettuce drum (Cal. Iceberg).. 4.00
Cal, lima beans, new crop, p. Ib. A 7
Black-eyed peas, new crop, per ‘
POURA . siisnsigieinsiianans 000 00%
Celery, per crate, Fla. ........4.50@6.00
Bell peppers, per crate, owing ‘
0 QUALILY viovieniieiiie.n . 4.00@6.00
Onion, yellow, per pound ... 07% ‘
Irish potatoes, 160 pounds .... 10.00 ‘
Cabage, per crate ............5.00@7.00
Sweet potatoes, per pound ... 03%
Fruits,
Oranges, per box, Florida ....7.00@7.50
Strawberries, per quart ...... .75@ .80
Grapefruit, per box ..........3.50@4.00
l,emon-,f per hox,‘l'mé piie 7.00
Apples, fancy, owing to variety,
,b%x "””“”'””“'“1“('3.500"25
Apples, fancy, owing to varlety,
’h‘nrrel ..........‘.‘.......‘6.00010‘00
Bananas, per pound .......... 05
Pears, Nellis, Cal,, box ........ 5.25
Figs, Cal., VOX .....civovioevs 3.26
Dates L. DR ~ i hiiasa 6.76
Peanuts, fancy, hand-picked,
DOr POUNA 4. ivsciiiciiviavas 14
BEEF.
(Corrected by Swift & Ce.)
No.l. No. 2. No. 3.
RIDE .i.eossseonsinners 30 27 23
I.OINB . ceovsrensinese 38 35 35
Rounds ...oveevesseess 22 21 21
EIBAERS. .+ sss cosnrnsrars AB 12 10
YIRS o ssnbioorsnis snas 8 10 1
elt
NEW YORK BANK CLEARINGS,
NEW YORK, March 18.--New York
clearing house exchanges Wednesday were
$868,003,869.
and o 0 has increased the purchasing power
of the domestic trade,
“It must also be remembered that in
‘normal times the factories of this country
can supply the domestic demands by work
ing to only about 75 per cent of their
capacity. This means that we must con
tinue to export if we are to keep our
factories busy. Our foreign customers
are in more urgent need of most com
modities than are the domestic customers.
If they find that they can not buy in
this market they will naturally turn again
to Europe for their supplies. For years be
fore the war the European manufacturers
made a practise of keeping their foreign
customers supplied with merchandise. At
the present time they/ are doing every
thing possible to regain this trade by as
signing a certain portion of their manu
factures to their export markets. If the
American manufacturers hope to retain
their foreign business, and thus insure
themselves of sufficient orders to keep
their great plants busy when the rate of
production overtakes the rate of domestic
consumption, they must find a means of
meeting the most urgent demands of the
foreign merchants at this time."”
b ‘ | ‘ 1:30 lPrev.
_STOCKS— _ |High| Low | P.M. Close
Maxwell Motors ..| 31%| 31 ’3l 28
Mo. Pac. (new) . .| 208 2915| 286 G 28%
Mex. Petroleum . .[192%]189%(1982 190&5
Marine . . . . . .| 37%| 36%| 37%| 35%
g, pfd L - B 8 92 92% '91%
Middle States Oil .| 32%| 30%| 31%( 31%
ikt Cop Per. . .| il vieil viiih 3%
Midvale Steel . .| 49 4715| 483 47
National Conduit I Shisel yu il 31
National Enamel .| ... ‘ ¢ G afhidierte _n_§
N. Y. Central . .| 76%| 76%/| 76%/| 76%
N. Y., N. H. & H. .| 36%]| 356%| 363%( 35
National Lead . . .| 82%| 82 82| 80
Nett,. B Western o) ...} (isaliains] 98
Nor. I'acific . . .| 83%| 833 83%| 83%
Nev., Con. Copper .| +...) «svof soee 1§
N. Y. Airbrake . .[{ll2 (111 [ll2 107
Okla. Pro. & Ry. .| 5%| 5%| 5%| 0%
Ohio Cities Gas . .| 45%| 46%| 456% | 45%
DonnsyYtvari® . . o el vl arest 88
Pterce-Arrow . . .| 66%[ 6435 6614| 635
Funta A. Sugar . .| 843%]| 8315) 84%| 84
l'eople’s Gas . .| ... ..o f ... 38%
i*ressed Steel Car .|103%(10214(1031%4102
Pulltnan Co. . . .[119%|118%[119% 115%/
Pav-Am. Pete. . .| 99 971,| 983%| 97%
Ray Consolidated .| 183%| 1835| 183%| 18%
Reading . . . . . .| 883 861,] 87%| 85
Repub. I. & Steel .[1056%| 98 (105 96 7%
I:ocl(i’ Islartéd LN 3T%| 3T%| 8T g;;k.
D DI R ] iaial il
Ry. Steel Springs .[1023[100 [IOO% ) §9%;
Noyal Dutch (new) [10255]10114(102 lgl%
Sloss-Sheffield . * TT%| T 4%) 6% 74
Stromberg Card. ...F ..l ol v 1%
Sou. Pacific . . . .|102%[101 [10235{1001§
Sou. Railway . . .| 24%]| 2414| 24%]| 24%
do. pfd. . . . .| 58%] 6815 581| 673
Studebaker . . . . .[1077%{103%{107 102145
Shell’ Trangport ..} o iilied Lau | TBR
St. L. & San F. . .| 2415| 2415] 24% 2?*
Sinclair Oil ... .| 44 4354| 44 43 %
Stutz Motor . . . .|187%|180 [lB2 (169%
S.A&L. oil S 1222
W 8 v b e gl il
Swift & Co. . . . .|124%[124 |124 |122%
do. (Int.) , . .| 46 46 46 45%
Buperior Steel . .| 4815| 48| 484 ....
Saxon Motor . . . .| 17%| 17%| 17%| 17%
fob. Products . ‘ T2%|[ Tl%| 72 TO%
Tenn. Copper . . .| ... ....] ... 10_5’
Trans-Cont. Oil . .| 27%| 26%| 26%{ 26%
Texas Oil . . . .[215%(212 |213%|210
Texas Pacific . . .| 42%]| 41%| 42% 4.l
United Fruit . . . .|206%[206% 2064|203
Union Pacific . . .[123%(121%[122% I'_‘.l‘%
Bwon Ol .. . % .1.8% 34 a 4 : 33%
Unit. Food Prod. . .| 703%/| 69 70| 68
U. 8. Rubber .. . .|114% 109 133%[108%"
U. S. Steel . . . .[103%(100%{1033/100
AoOf 4, ~ I PNt ey ‘...ll':’&fi
Unit. Retail Stores | T7%/| 76%| 77 75 %
Utah Copper . , . .| T5%/| T6%| 76%| 74
Va.-Car, Chem. . .| TB%| T7%| 17% 76%
Vanadium ... ~| 63 603 62% | +...
MWabasly . . o ild )G N Ca e 9
do. pfd. “A™ . .| 2814 2834} 28%| 27%
Western Untlon ' .1 ..of 00l ieci| 8T
Willys-Overland . .| 25%/| 26% | 26%/| 25
Woolworth . . . .| 12415|12414/1243,(124*
Westinghouse . . .| 538 53 5365| 528
White Motors . . .| 59%| 681 591%| 58
Wilson Pkg. Co. . .| 77 | 16%]| T6%| 75
BONDS.
U. 8" Liberty 3%5. | ....|] ....} ~..]|96.60
g 6 18t W . ilicish il iAN
o 84 &8, . Gk o B 0
do, S 8 48N . Av. o Livdiedi iBE R
gO, I AN . At ..l il G iR
do. B 4 SME . Jica ok 00l S
do O 488 . i il ee R
gO, Bth X D veial il s e 88
o BtH B3NS i e ddniNue LT
Call Money . . . . 1 6 6 8
- x Ex-dividend.
l-———.—_—_—.—l
l WASHINGTON, March 18,—During
‘Frlday rain will extend eastward through
Tennessee -and Western North Carolina,
iprohnbly reaching the middle Atlantic
coast Friday afternoon or night. In
Florida the weather will be generally fair,
‘while in the Bouth Atlantic States it
will remain cloudy with local rains.
Forecast by States,
Georgia—Cloudy tonight and Friday;
probably local rains.
North Carolina—Fair tonight, Friday
partly cloudy and warmer in east, rain
in west portion.
South Carolina—Cloudy {onight and
Friday; probably local rains.
Florida-—Fair tonight and Friday.
| Extreme Northwest Florida—Generally
cloudy tonight and Friday.
- Alabama-—Generally cloudy tonight and
Friday; probably local rains in north por=
tion,
~ Mississippi—Cloudy tonight and Friday;
probably local raing in the interior;
somewhat colder Friday in north por=
tion.
Tennessee—Cloudy tonight and ¥Friday;
probabiy rain; warmer tonight; warmer
Friday in east portion; colder Friday in
extreme west portion,
Louisiana—Fair tonight: warmer in the
north portion; Friday fair; light to mod=
erate south winds on coast. 2
Kentucky—Cloudy and warmer tonight
[And Friday; probably rain.
1 CHICAGO LIVE STOCK,
CHICAGO, March 18.—Hogs: Receipts,
26,000; market, 256 to 40c higher. Bulk,
14.60@16.10; top, 16.25; heavy weight,
14.30@15.50; medium weight, 15.10@16.25;
light weight, 15.70@16.35; light lights,
14.85@15.10; heavy packing sows, smooth,
13.00@13.50; packing sows, rough, 12.36@
12.85; pigs, 13.25@15.00.
Cattle-—~Receipts, 9,000; market, mostly
15 to 26¢ higher. Beef steers, medium and
heavy weight, 13.65@15.60; choice and
prime, 13.66@15.60; medium and good,
11.66@13 65; good and choice, 12.256@15.10;
common and medium, 10.00@12.25; butcher
cattle, heifers, 7.256@13.256; cows, 7.26 W
12.00; bulls, 7.60@11.00; canners and cut
ters, cows and heifers, 5.00@7.26; canner
steers, 6.00@7.76; veal calves, light and
handy weight, 17.00@18.00 ;feeder steers,
9.00@12.00; stocker steers, 7.50@11.25;
stocker cows and heifers, 7.25@9.26; stock
er calves, 8.00@11.50,
ATLANTA PROVISION MARKET,
Cornfield hame, 10-12 avg. ........ .34
Cornfield Hams, 12-14 avg. ....... .34
Corfield skd. hams, 16-18 avg..... .36
Cornfield pienic hams, 6-8 ..., ..., .23
Cornfield B’fast bacon, wide or nar. .43
C'f'd sliced bac., 1 Ib. box 12 to c'se .52
Grocers bacon, wide or narrow..., .32 °
C'r'ld P'k B'sage, fresh link or bulk .24
Cornfield wieners in 10 Ib. cartons .22
Cornfield wieners in 12 Ib, kits.... 3.00
C’f'ld bologna s'sage in 25 Ib. boxes .18
C'f’ld smoked 'k s'sage in 25 Ib bxs. .18
Grandmothers’ lard, tierce basis,... .206%
Country style lard, tierce basis.... .26
Compound lard, tierce basis ..,.., .26
D B 05t TIbS . ..oniviciininnesi 20
D. 8. bellies, light average......... .20
D. 8. bellies, medium average ~... .20
The United States Cast Iron Pipe and
Foundry Company in its annual report of
the year engded December 31, 1919, shows
a net loss of $503,703 after all charges
and taxes. Total surplus at the close of
the year amounted to $3,234,920 as com
pared with $4,338,622 at the close of 1918,
In 1918 the company earned $1,109,037
equal to $2.24 a share on the $12,000,000
common stock. ‘Total income for the
year amounted to $6,344 against $1,600,-
NEW YORK, March 18.—Stocks
were in urgent demand at the open
ing of_ the stock market today, with
advances of from fractions to over
8 points being recorded.
All the steel issues were strong,
Baldwin Locomotive after yielding to
134 1-2 jumped to 137 1-4. Republic
Steel rose nearly points to 98 3-4;
Crucible Steel, 3 1-2 to 237, and Van
adium Steel 2 3-4 to 61 7-8. Steel
common rose 3-4 to 100 7-8, while
American Car and Foundry was 4 5-8
higher at 146.
General Moetors rose 8 1-2 points
to 334. Studebaker 2 5-8 to 105 1-4;
Pierce-Arrow nearly 2 points to 65 3-8
and Chandler Motors 3 points to 153.
Texas Company was the strongest
of the oils, advancing 5 1-2 to 215 1-2,
Mexican Petroleum was 1 3-4 high
er at 192 3-4, and Pan-American Pe
troleum showed a gain of 1 1-4 at 99,
American Woolen was a strong fea
ture, seling ex-dividend 1 3-4 per
cent and advancing 5 1-2 to 139 1-4.
United States Rubber rose 3 points
to 112 and American International 3
points to 101 1-4.
Fractional gains were made in the
rails.
MARBIEITE i, o~ ivi e s
The vigerous advances at the open
ing caused substantial profit taking
in many issues and some sharp re
actions occurred, but when the call
money rate started at 7 per cent,
renewed buying orders poured into
the market and nearly all the active
issues crossed their earlier high
levels.
Republic Steel was especialy ac
tive and strong moving up 5 points
to 101 7-8 while Steel Common on
large dealings rose to 102 3-8, Bald
win Locometive after its early ad
vance to 137 1-4 reacted nearly 4
points, .
The railsdeveloped strength, Read
ing advancing 3 1-2 to 88 1-2, while
Southern Pacific rose nearly 2 points
to 102. There was not much doing
in the oil shares, Mexican Petroleum
moving up nearly 3 points to 192 3-4.
Some of the motor issues were in
demand, Pierce-Arrow selling up to
66 1-2 and Studebaker to above 106.
::‘
The market opened steady. »
AStnE EXP: .. .ciiceniiiiineie 3 @ Y
LAfglo Am. Ol . iiv . dsciee. 360 3T1%
(Consolidated Copper ..,...... 4%@ 5
Coslien O 5. ..ov riivigini~. BNEQ. %
Houmton O .../ v ividis 118 "1
Indiana Pipe iciicseesnneess 87T @IOO
IDtOr "Pole oil il vakeaaes 43 B BN
Lehigh Valley Coal ........ 856 @ 88
MABIOR . Sivisciisisssaisis 8 B 8
Marconl ...os.iiisiiisvaverins B BN
Merritt Ofl ..., i iceversersse 30RO 1S
Migwent O .iiiiiiiinsiania T IiNG 3
Midwest Bl ..oy neiilll 9113
Sorth American Pulp ........ %@ 6%
NI OfL ol ssiiiviinereiaaßis. SRR
PPAe Ofl .o\ ciusiarivaoys 100 - 8150
‘Suhmarine BORY i iieaa IR T
B. 0. New York .............466 @470
8. O. New Jersey ...........866 @B7O
8.0, Californis ........:..,.360 ©366
B OO TR ...l iiviires 000 DEEY
Unioh aTBR . ..iiqvecesnsre.l3B @133
Viotaeln O iiiioiviie i cinbin 1%3 1%
Cons., Arizona ...:......esooo e %
NIDIODE . iovviniiariivriseiine SRS 13
Boston & Wyoming Oil ...... 13413-16
Glen Rock Ofl ........c..000. 3@ 3%
Island Oil & Transport ~.... 4%% 5
U. 8 Steamship 5. oivenne. 30 3
BADUIBA: o.oik i va ey TR B
ORy LIBE .o viviviivivern ENEE: 3%
Beone O . civntrrvisrvss ANE: B
BEREON i viiiircisviivinsher BB g 17
BRI CPORR o iiss iviasvinss onii DO b 1
AIHeE Ol - i iliiviinsnisnnnss 12308 §-16
ABORRIE < S bol bs b iR 8107
Boots L . ;wiirigsisi s eir 7o 4%
Chalmers Motors .i.......c..» 3 @ 1
Bk Bas %, i il st 10 31
Federal Ol ..ciiiivirmrinees SR ¢
GO )i e i sviaiks sk bs BN A 0 40
Kore LBKS .vt vivasevi: S 0 4%
MEFIBNA: cosicdreiertrsenssey DU 5%
MORBURY iiviciiiiiiedsnniny B 62
NUBDRRY: . cossseitivsrivevers ST $1
Omar O iiivecinsstsnanses @ %
PRMMOBE . .ivvisrnidsinsssvivie 40 A
Phillips Morris ........e.00.. 8 8 8
Peorfection Tire . iiieiivevvyc 4 4%
PhilliDE - Pote i iiicivsnisvos S 0 08 43
Bweelh' ' rvsinivisioianneansi. DA -8%
BROMF ', iivasviarsasmnssesseoe IXWGQ 118
Simms Pete. .....cvuosooooo+. 36 @ 36
Balt Creelt . ..iirervitiveansss DU §13%
BIANtOn .. isanirieiinennnss 104000 1
Tobacco Products ........... 23 24
U, 8 P, BORL. iiisisiviinsns: 3 2%
Woyns Cosl <. iisceivivaiisn M 41
WHits Olf Liiiinisinidises TN 30
oAt
FINANCIAL NEWS,
At a special meeting of the stockhold
ers of the Rainier Motor Corporation of
New York, held recently, a proposed plan
of recapitalization was adopted by 100
per cent of the capital stock outstand
ing. The new capitalization provides for
the issuance of 7,500 shares of 8§ per
cent cumulative preferred stock, par
value SIOO.OO, of which 7,000 shares to be
issued immediately, and 30,000 shares of
common stock, of no par value, all to
be immediately issued,
e 9
Philadelphia Company has declared the
regular quarterly dlv‘ldend.
. -
Proctor and Gamble has declared the
regular quarterly dividend,
. . .
Albany, N, Y., wires: *“A bill will be
introduced in the Legislature Thursday
or Monday, next, to increase the tax on
transfer of stocks from $2 per hundred
shares to $4 per hundred. ‘This bill has
the backing of executive leaders, who
will urge its passage on the ground of
needed revenue.” .
« .
The Vanodiaum Corporation has de
clared an initial quarterly dividend of
$1.560 a share, payable April 15, to stock
of record April 1
. . .
Steel trade organs say the marked
shortage of coal and scarcity of cars cons
tinues. Equipment orders are being re
ceived In large volume,
- . -
The General Electric Company has
Jeased the new Remington Arms forty
srro war plant at Bridgeport for $7,000,-
00, with option .to ‘mu;chau.
Treasury department experts do not
believe that the entire net loss through
the stock dividend decision will be more
than $25,000,000.
Safes and Vault Doors
[F=pmmm Bank and fireproof, new
B nnd used, Agent for Hall’s,
| Victor and Underwriter's
Filing Safes. KExpert open.
lli I' l‘ ing and repairing, See us,
| f
ibatAtlanta Safe Co,
=] 64 W. Mitehell st.
5 Main 4601,
SUNSHINE IRON &
STEEL CO.
Wholesale Dealers in Iron, Steel,
Metals and other Waste Mate
rials.
43 to 51 Magnolla St.
Phone Ivy 7057.
Correspondence Solicited.
MANY COMPANIES IN POSITION
TO DECLARE BIG DIVIDENDS
_ By BROADAN WALL. O
NEW YORK, March 18.—Wall Street had another ‘day of wild
ment in the stock market Wednesday. In the morning there was a shar
advance in many issues, followed by a serious break. ' Dullness pre: ffi
for a brief time, and then there was a wild upheaval under the lead ershi
of Baldwin, Stutz Motors, American Locomotive, American Can and U. S
Steel. The rails participated in this advance only to a slight extent, bul
they were well purchased all day long. The chief reason for the ad
was the declaration by Crucible of a 50 per cent stock dividend &‘_
announcement that gold is actually on its way from England to New ;.,;,
by way of Halifax. An attempt to discredit this report of gold oming
from London failed, for no bankers could be found who would deny it. T
furtherest that any responsible authority would go was to say that the ;;’
was no official knowledge of its coming. The exact amount coming is n M
stated, but it is understood to be about $25,000,000. This, added to ‘the
$15,000,000 that the Federal Reserve Bank overlooked in last week’s late=
ment, makes an addition of $40,000,000 of gold in the New York Mark et,
It"is no wonder the speculators were excited. e
Sterling exchange was strong and.
call money was obtained easily at 8
per cent, that being the renewal rate,
In the fternoon loans were made as
low as 6 per cent.
In the morning there was good sell
ing of all stocks on the list, partic
ularly of Baldwin, Crucible Middle
States Oil and some of the rails. In
the early afternoon this was all re
versed. The prices did not crumble,
as professionals had hoped they
would do. In the case of Middle
States 01l it was stated that a mis
take had been made in the announce
ment the nrevious day of hringing 1n
a large oil well. This well was not
on the property of the company, but
on an adi-ining estate. There is no
evidence that the Middle States Com
pany put .ut the ronart, hnt it is In
timated that the selling es this stock
was exceptionallvy rood.
American Woolen made, it is under
stood, about 150 per cent on its stock
in 1919 before paying taxes. This
gives ample scope for the imagination
of large stock dividends. A cash div
idend of 10 per cent has been in con
templation, but now that stmx daivi
dends are tax free it is probale that
the plans will be changed and a stock
dividend be issued. The American
Tobacco also has a stock dividend of
at least 75 per cent under contempla
tion. United Fruit, Westinghouse,
Stutz Motors, American Locomotive,
Central Leather, Standard Milling
and Cuban American Sugar are also
in a position to declare large stock
dividends. i
FINANCIAL BURKEAU ON STOCKS,
NEW YORK, March 18.—Baldwin Loco
motive's demonstration yvesterday was the
suhject of discussion after the eclose and
extremely bullish talk was heard regard
ing this issue.
. . .
There was disagreement of views as to
probable effect o.! .Serremry Houston's
-
American Locomotive is looked upon as,
resolutions regarding tax laws.
likely to do better,
- . .
Southern Pacific and Reading continued
to be favored more than any other rail
road stocks, it being reported that Read
ing was heing steadily accumulated on all
its various mnrket. m.ovv-menu.
.
Fall River, Mass., reports doffers strike
caused closing of six cotton mills yester
day.
. - .
There is no indication of early =ettle
ment of strike of coastiwse longshoremen.
Managers of lines meet today.
NAVAL STORES.
SAVANNAH, March 17.—" Turpentine,
market firm, 2.133; sales, 77. Rosin,
market firm, WW, ‘19.00; WG, 19.00; N,
19,00 M, 1000 XK. $8.9%: 5, 3118 B,
1776 @, 1798 P, 1796 t B 19096 1%
17.75; B, 17.00; sales, 667,
Receipts, spirits, 27; rosin, 255.
Shipments, spirits, 409; rosin, 93.
Stock, spirits, 1,806; rosin, 2,549, \
& FIXTURE CoO.
03 N. Pryer St., Phone I 1158
H DESKS, CHAIRS,
FILING DEVICES.
Large Stock. Low Prices.
e o it GAR 383 Svt i,
Ol il
New Stock Issued by
The Georgia Savings
Bank and Trust Co.
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
‘he existing stock, on Tuesday,
March 23, 1920, at noon, central time,
as shown by the books of said bank.
Said 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, Tnosdn,v/'.
April 6, 1920, Notice must be given
to the bank in writing of the num
ber of shares each stockholder sub
scribes for of the new stock not later
than Tuesday, March 23, 1920, at
noon.
This first day of Mareh, 1920,
GEORGE M. BROWN, President.
By order of board of directors.
—Adw
Of Interest to Farmers
We wish to announce to farmers wishing to eom
bat boll weevil we have acquired 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. ,3
eLo g dor iy
"o
A
U.S.Sends $1,000,000
- ’ ‘:"fit«
Daily to Germany'
By 0. M. SMUCKER, 55
CHICAGO, March 18.—United § ine
vestors are absorbing German municipal
bonds at the approximately $1,000,000 '¥
day. At current rates of exchange, thi -
means that close to 85,000,000 marks are
being purchased daily in this country andé
invested in German municipals. With many |
the transaction is a speculation; with
others an investment. s S
Less than two weeks ago German mark %
could be purchased at I.OJc to the marks |
against a par price of 23.8¢. During the |
last week marks jumped to I.Boc. a rise |
no doubt attributable to the recent ridew |
spread demand for German bonds w'i"_%
News of Germany’s internal trouble caused
marks to slip back to 1.15¢. e
One Chicago investment t house has |
turned its entire force over to the tri fie |
in German bonds, abandoning entirely fi "
the time being its trade in American p:;
vestment securities. This instituion ree
ports a daily volume of husiness ranging
between 2,000,000 and 7,000,000 marks. =
It has set up direct connections withs
German banks and receives shipments of
German bonds by every steamer. It now
has in transit securities totaling some
20,000,000 marks, all of which have beéem
purchasged in this territory. e
With German exchange at a dllcoM
2200 per cent it is not strange that ich
a demand has sprung up. If Germany is
able to work out her salvation without res
pudiating her obligations, the inve e
should in time show a profit. Meantimey
German investors are tax exempt, both as
to principal and interest. 4 i
Such huying, too, should have a benefis
cial effect upon German exchange. Since
the fad started, foreign exchange banks=
ers say, some German cities have turned
over their entire indebtedness twua
three times. Bonds of the cities of anke
fort and Cologne have been the favo itess
These issues, bearing interest at the raté
of 4 per cent, are now selling at &
premium. o
The premium on Frankfort 4s is ound
8 per cent. Cologne 4s comimand a pre m
close to T per cent. Munich, anothe T
favorite, is auoted at 7 per cent above
par. Berlin 4s are quoted at 93%. Daß
den 48 at 96.60'and Dusseldorf 4s at e
These quotations represent the latest avi 4,\4;.5
able figures on the Berlin Stock Exchange.
A
FOREIGN EXCHANGE, i
NEW YORK, Mnr(“}‘\ 18, —Wed d ;
closing prices of exchange were: Stess
ling denrand, 3.71; cablees, 3.71%; banl ff‘
ers' 60 aays, 3.67; 90 days, 3.66; France
checks, 13.60; cables, 13.58; Belgium
checks, 12.98; cables, 12.96; Germany
checks, 1.25; cables, 1.26; Austria checks,
47; cables? 49; Holland checks, k "';j‘;,::
cables, 37; Italy checks, 18.47; cable -
18.45; Swiss checks, 5.80; cables, 85
Stockholm kroner checks, 20.40; kroner
cahles, 20.60; Christiania kroner checks,
18.05; kroner cables, 18.20; Copenhagem
kroner checks, 17.40; kroner cables, 17.5035
Canadian dollars, 88.65. e
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(( lalks
{1 Bemg the titls of a worth-whils /
1 booklet that you can read with sub- 4
stantial present and future profit.
3 Full es timely information on the i
§ financing of business enterprises,
Explains the various types of invest- v
ment iun untecholeal language. Tells
nbout our Partial Payment Plan
which enables you to invest your ‘
savings safely and to earn extra prof- i
its, lssued monthly. We wiil ’ht
ly send a copy of the Marech lssue
with no obligation on your part. 1
Ak for Booklet
Securities Sales Co.
64 Peachtree Street,
Atlanta, Ga. )
Charlotte Birmingham
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BONDS STOCKS \