The Banner-herald. (Athens, Ga.) 1923-1933, March 15, 1923, Image 6

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• / IT" f •woejftva gFUNE'RAL -NOTICE! pMKNI Husnu 'MARKETS aumEnsiBWifffc nuirw HACKETT—Mrs. Liizie Ha:!.- ctt, ago' 52 died at her home 160 j Miles street Wednesday morning | ^ at 4:46 o’clock. Mrs. Haekett had 0n e May Liv.e in Capital bflen B ,ck only /oar days. Mrs. ^ ^ Absolute Min . imum of Annoyance By Tax Collector. Hackott is survived by her hus band. Mr. T. J. Haekett, two daughters, Mrs. Millie Porter. Greenwood, S, C., Mrs. Lillie Kree- man, Athens. Four brothers. Mi Monrod Wood Newnan, Ga. ( Mr. Washington!— Profiteers, piu- Fred Wood Newnan 'fin Mr V' tocials ami Idle rich, tuk® notice. wZl^ctt S^l^-bS!. Mr i Washington, the uaUon'a capital, John Wood, Lavdnia, Ga. ' Two sisters, Mrs. Lula Strickland, Cal houn Falls. S. C, Mrs/- Pollit Spence, Calhoun Falls, S. C. The funeral was ponducted from the West End Baptist church Tiiure- offic/AtinJ; m ‘ WiUl RCV ' • **• FIury Mlt SOL G. KELLEY died Feb. 28, tit Rawllng’s Sanitarium, at SandSJJirlllo. Ga. Everything was done jfcr his comfort 'and relief by the efficient doctors and nurses wtitte-there. His body Interred at the family cemetery near Sanders- We take this method to thank hid friends for every kindness shown oar brother and untie while in Athens. May God's richest blessings rest upon them. Very respectfully, MRS. M. J. JOHNSON MRS. P. H. SHEPPARD • MRS. C. I. DUGGAN 1 \ MR. and MRS. L, 0. BREWER REAL HOME fOR RKNT—724 Cobb St. JESTER. Phone 1036 or 437 invites you. , Here you may live, with tiie ab solute minimum of annoyance iiy the tax-collector, in the social^ cen ter of the nation. Onco tax-exemption advantages of residence in Washington are^un- derstood by the nation's rich,' says Leslie M. Shaw, former secretary of the treasury, there will be a-gold rush to Washington that will make the stami>cde to the Klondike look like cold molasses. If the rich only knew Washing ton's wondorful advantages in tile wny of taxes.” Shaw says, "tuts city would huvo u papulation of 1.000.000." The population under the 1920 census was 407,Ml. TAX • EXEMPTIONS Consider this: If you live In uny other; sizable city, you huvo n mu ulelpal tux to .pay for tho city's up keep, a county tax for tile main- tenanceot county government, and on toil of this, u stute tux. Above •ill this you huvo a federal Income tux and in many states a state in sane tax. ! Hut in Washington there is only i cue tax besides the federal Income tax. That is tho District of Co lumbia property tax. And ns tile federal government assumes 40 per rent of the cost of administering the district, the local,tax is lower than far most cities of Wushlng- u n's size. MEXICO TO CEDE NO LAND MEXICO CITY — (Associated Press)-President Obregon, re waving tho nowspaper corrospon dents today doclared Mexico was resolution passed by too Arizona -Mate legislature looking to ac qulcition of a strip of land to pro vide -she State with an outlet to the Gulf of California. ATHENS COTTON There was no change in local cotton Thursday, the market atay. ,’ng the samp as the da previous, ht 30Vic. ’ NEW YOPK COTTON Open High Low close P C May 31.10 tl.31 31.09 31.03 31.33 July .. .. .30.43 10.60 30.43 30.30 30.13 Oct. ...20.75 37.04 20.70 26.74 20.70 Dec. 20.20 30.43 20.20 20.il tl.IT Jan, ... ...30.00 il.15 20.00 )t|l 25.01 It A M. Bids—May 5U9; July 30.50: Oct. 2C.00-. Dee. 1141. NEW ORLEANS COTTON Open High Low Clou P C May .30.95 30.95 30.75 50.6/ 30.7,4 July 30.42 30.55 20.59 30.23 50-43 Oct 20.65 20.05 20.42 20.34 20.22 dividend. Dee 26.00 20.10 16.04 25.M 25.00 Lake : 11 A. M. Bids—May 10.07; July .70.50,• Oct. 20.55: ec. 20.05. STOCK SUMMARY NEW YORK — Bank of England rate unchanged. S per cent, tie- aoliulon introduced in New York aaaembly calling for Inveatlgatlon of American tel and tel. New York tel and subsidiaries. Governors vote to cloae New York stock exchange Good Friday, March 30th. Treasury certificates Of Indebtedness of 400 million over subscribed by $100 million. Government to withdraw 3$ mil lion from member banks in this 101 today. mdon. hears Germany planning pow Ruhr peace offer. L. A N. directors met Thursday to take action on proposed stock LIVERPOOL COTTON Today Yesterday May . July Oct. . Dec.' , Mch. Apr. May June* July Auff. Hcpt. Oct. . * .....16.20 15.99 Ttt.«4 14.29 COTTON 81KD OIL 14.H 11.(4 li.fl 14.25 ■log agreement million. % Noon P. C. 11.90-95 11.20-90 5-00 ltoo-Oo 1.15-00 t. 01-10 ...12.03-12 12.10-10 12.00-10 ..12.20-21 13.24-25 1*.1R,29 ...12.20-32 12.25-50 22.11-10 ..12.10-it .12.15-17 i2:os-oo at higher levels. Firm 4 l-t'z . Second 4 l-4'o Third 4. l-4'o ...12.35-40 12.15-40 11.36-40 LIBERTY BONDS Open P. C. 101.03 lei.va 00.02 ?7.36 ... 97.4* 97.00 01.44 00.41 91.04 ’ 90.40 REFRIGERATORS Here V BUY NOW and Save IS Per Cent IN SPITE OF RISING WHOLESALE Prices we are offering this lot of re frigerators at .15 per cent discount from last season’s prices. right time enables us to do this, and-. , we are passing the saving on to you. ^ -u.ukated. . THIS SHIPMENT HAS JUST ARRIVED. At this time the line is complete. You will haVe no trouble finding the size and style you want. ^ WOULDN’T IT BE THE PART OF GOOD Jq judgment to make your selection how? CHALLENGE REFRIGERATORS COME in a- wide variety of styles-^one piece Porcelain linings are a feature—-good sound construction throughout is an other. , JVE BELIEVE IN THEM, OR ELSE WE would not offer them to you. Fourth 4 2-4’s »l*04 93.40 Victory 4 2-4'z 200.00 100.22 CHICAGO DRAIN WHEAT— .Open. High Low IpaP.C. 1.10% 1.10% 1.10 1.14% 1.14% 1.1454 1.12% 112 l.tl'i 7ll4 72% 75% 75% 70* 74% Mar .lilt 1.10% Jul^ .1.14% 1.16 Sept .1.12% 1.13 CORN— May . 73% 73% July . 75% 76 Sopt .. 70% 77 OATS- May ...44% 44% . 44% 44% Kept . 41% 43 •r prices. Jousman—In general the selling aide rather than the buying ride was under- pressure, v V Clarks Childs—Better prices aeem in prospects. ' ,gat£le*§ expect for the predent time: & and - who sm'F tall "known In Every one seems to be sitting off Hart; and looking on with little It any- Thomas J. Sandora, aged 32. died disposition t* buy and until this at ML Oliva He was a Confeder- changrs a sluggish market will b* ate veteran, witnessed. About the jmly exclt- Brie ' and Western stock bolder* ratify Merger with Nickel* •** soversi smaller roads. expected to make fur ther payment under war debt fund ’ today of over four Amn Intdmatlonel Corporation year' ended December $1, 1923, .earned four oeate on combined preferred' slut common against 8 per cent in 102L- GRAIN OPINIONS Hubbard Warren—We aee plentl 1 fal supplies of grain* and are con ing feature about thtf mm$<ct is. the hurried getting in iftid out of u few fellows who are realising, small profits. _ Some expect much higher prices within the next few months and others are of the opinion that cot ton will swing higher In* a shorter time. Buying cn all breaks of the market is advised. Tho unquestionably strong, I only a question of time before it will show its strength. .Stocks Are being heavily drawn on dhd If tkf, takings of spinners continue as heavy In the future months as.they havo been In the past the supply, will simply be exhausted at the end of the season. 1 GWINNETT COUNTY LAWRENdEBILLE. Go. — Mrs. Adeline Webb, aged 75, died at her home la Lawrenoavill*. * Two white men land a negro chauffeur wore Arrested in Low- renceyille. They had wrecked a „ buggy on the' Mitchell bridge road, market Is In .Clarke county, rod slightly hurt' nd It is,g,% vlnced their weight will eventually depress prices. Bartfzor—We are still confident Stein Alsteln—Definite opinions on the Ttnmediate course of values are unwarranted. Lowitz — Conditions indlcato lower values. Lam son—Prices, especially for coarse grains will decline little If Mr Joe Ayre Should; something Uke n t$,000.- 000-bale crop be produced this year, prices of cyourse, will probably go much lower than they are. at .pres ent. But there are a number of factors which will enter Into the situation wblcb should not be over looked. The .world is returning to a normal condition.' Europe will be hotter able to buy cotton next year at the' price It Is quoted ut than they arc to buy it this year at present prices, though Turope Is buying. This depends on whether nr not u war breaks out over there. The Jnps ara-showing considerable strength and It promises to In crease. yoyng bl&S N'nnn captured a tgi- *12 from his ,, .F- «ffllT, hud collected during the day for school books; Gwinnett count- field day will be April 7tb. , Athens Neighbors FRANKLIN COUNTY. . LAVONIA." tin.—Mrs. Janet Mo- ret. aged 74. died at the home of 44% 44% 42% N. Y. STOCKS Coca,Cots .. .. . .70* Cuh*i> Cane 3 **BBT JD.-*.-••• •*% Cpbsn Case Sugar Pfd. ... ..64 IT. 4L Steel ...108% Austin -Nichols ,.21 Steel 60% R* 3«% Southern Ry. Pfd •• Pan American ..82% Pan American B-Btock .. . .778% American Sugar ..82 Kennlcott Cop. 42% Industrial Alcohol 68% New Yo<k Cen...68% Mmer. Tel. Tet 115% 44% 44% 44% 44% 2pm p. c; 76% 74 41%- • ; M% *2% 63% 148% jn7«i 11 31% *3% 69% 34 (0% 81% 22% 78 45% 83% 83% 48% 41% 81% 08% y .% • 125% ' 125% Market Gossip Received Over F. J. LinneD & Company’s Private Wire future* vaiA o The c NEW ORLEANS,— Liverpool was due 8 td 19 down by Naw Or leans rto 10 down by Now York. Soatbera spot* yesterday ware unchanged lb II higher; Dallas unchanged middling that* 80.70, sales at Dallas 152, all told 1,749 vs. 5AT$ Tuesday. Heavy realising should make tor a healthier tachr □left] position, aspaoially aide# the tong interests it near aa large aa It was some time ago, more so be cause of the discount at which futures are selling compared with of middling spot*. pa rati vs ly largo Ameri slocks Induced some liquidation yesterday hut (took In public storage is very light merican mill* are fortunate. In tvldg ample reservee to provide for the large consumption. Euro pean spinner* are not so fortun ate. Today's market likely to bo governed by attitude of Liverpool, especially as regard* to weather over night and outlqok for tha Immadlr.te future. Spinner* takings for week to jnorrow will ran agaitut 190,003 1 list year and 177.000 year before last, were 394,000 last week. Apparently iwntlmen^Js*somewhat Exports 'from Galveston to Eu mp4 today was 9/900 va. 4,0P0, ail puns latt, year. Wald—We consider that the prices took the 'treasure in ad mirable tashloB.Ahd do Mt-Jncgi for any bre*h,o4yong$jenc** ; COTTON OPINIONS \ , Overton McFadden—Expect On ly temporary set' backs. M Buitx—Extra hatarCs attend trading ut these high lover*: - Houxman—March and July are q' fftntly headed tor hlfdirr fflet*. Logan and Bryan — Believe prior* may work Infj' higher, U Mind especially for the any. Harris Wlnthrop—An Improved tons In foreign market* was clear ly the supporting factor! WEATHER MEMPHIS, Term. — Tempera tures slightly wanner but con tinue cool no rainfall reported over the belt up to midnight but scati- tered rainfall expected by morn ing. • Thursday: Entire boU mostly cloudy and cooler. Rain in -Oklahoma and Texas; much colder. Likely have freez ing weather In Oklahoma. Arkan sas and North Texas tomorrow; probably In Atlantic* by Sunday, perhaps accompanied by rains. Flash—Likely has steadier; per ban*-higher-market today. Western belli unsettled, -Vremmi ly rain. Cold wave In Arkansas, west Texas, fklr cold; cold wave, east Texas. Daily Digest of Cotton Opinions Cotton is very strong and thirty- five centa will not come ns a sur prise. January sold up 20 points, over opening; Marcn 22 v tip: Ala; II up; June 20 ui% October 12 up and December 13 up. It the con sumption fig**.* Wednesday are aa bullish as Is txpected. tho market will climb higher if not a scalping affair Will be the next step. The market moves like It is car rying a heavy load or Is being held fisqk by something, which is due, ot Com nr. to the speculative rut it h** worked itself Into. Reports from New York relative to the general * movement', of things prom-. take a higher mnret with n good bull movement behind IL j A narrow speculative market “•“»>* he tbe only thing one cun .-, ,„7r shower is In progress at the Lavonlq school tor benefit of the Carnegie library. J. C. Mannes of the department at entomology, visited Lavontu In ■he Interest of the boll wevil cam- inlgn. He is very optimistic for those wh^ fight the pest. Each bank in Lnvonln expect* to furnish two cars of calcium- arse nate to their customers and sell It nt cost. Derwood Garner, aged 28, died In Atlanta, and his remains were bur led at Martin. Mr. Will L. Al&anden n native of Franklin county, died in Atlanta. The chicken business Los taon Franklin county, by ato-'m. BARROW COUNTY WINDER, Ga.—Mr. G.een W. Smith, one of the wealthleat .-ten in Harrow county, died after an ll of more than two months. Tha Georgia Railway and Power Company is nn-andng to erect sub-station Just abo.’e Winder, Tho company ' wants to know what Winder wants in tho way of manu fncturlng plants. Mr. John Sharpton. aged 2$ years died, in Winder of tuberculosis. Oti first Tuesday two tracts of land, owned by Air. Lewis C. Rus sell. sold for 82.000 and 22.000. The killing of Clyde Millar near Winder, at a moonshine still, very unfortunate. Wall and Bow Cellars had sotten Into a fight and Airs. Milter sent her s3n Clyde to see about-, the trouble, when Wall seeing him commg and thinking It was Sells, shot and hit him. In the stomach, rlmost irstunly killing tho hid. HART COUNTY HARTWELL, Ga.—Hart's first car load of chickens netted nearly 84.000; 4,500 birds In the csr weigh ed* over 19,000 pounds Great In terest was manifested In the sale. , Mr. J. C. Mannes of the State Board of Entomology,, will help Hart county farmers to fight the bell woevU this year. negro tenant killed Mr. Cecil Hall, a white faAner of Anderson, f Hall county GAINESVILLE, ad.—J. P. Strick land. aged si. during « recent cold spell: was found lying by the road with both feet frozen, having fullen when Intoxicated. He waa brought to the Gainesville hospital uud both feet had to be amputated. Pev. K. M. Munroe, Presbyterian minister, has resigned to- go to Texaa. * Col. .J o. ColI|ns nas retu-ned after an extended trip out west tnd suys he never had any Idea cf leav ing Gainesville. MEDAL FOR W. a SMITH SOUTH BEND, Iod.—Wglter O. Smith, of Philadelphia, former President of the American Burl Association, has been awarded the 1922 Laetare Medal of Notre Dame University. He baa been Presi dent; of the Federation of Roman 1 Catholic Societies of Pennsylvania He waa a member of Prekldcnt Hai — - - the era. rtUng’s Advisory Commftteo of i Board of Indian Commission* NOTICE A called communication of Mt. v «ron Lodge No. 22, P. A A. M. be held in Mahonic Temple thl* (Thursday) evening, Marhc J6th, at eight o’clock. " The Entered Apprentice degree will be coRfered.’ -All duly quali fied brethren are cordially and fraternally invited to attend. By order of, E.fi. KINNEBREW, W. M„ / JNO. G. QUINN, Sec. , Make Profits Grow in Swamp Lands E VERY acre you’ve got under water is losing you money. Tfou’re paying taxes on it and getting nothing in return. Swamp land is rich, profitable land—if you only drain it, and use it The quickest easiest and cheapest way-is the dynamite way—du Pont Straight Dynamite, 50% or 60% strength, is best We’re at your service to give you practical help and cost estimates on oil ditching and land-clearing work. Put your problcrrf up to us. ' ATHENSL HARDWARE CO. Athens, Georgia DYNAMITE far DITCHING - STUMPING -TRRB PLANTIHG DO YOU TRADE IN COTTON speciality In 10 bale* and upward. - » Margin on day trades 31.50 per bale; on open accounts 8LOO per bale. Wa pay telegrams BOTH WAYS on orders for SO bales up. Deposit* to our credit left with your lank until completion of round tarns. Drains In lots of 1,080 bushelo and up. Listed and unlisted Stocks bdugh't anti, sold In lots of 10 bales or more shares Send for Our Free Booklet ABC OF COTTON TRADING F.G.DOMO&CO. CENTRAL CF GEORGIA COMPARES RAILWAY EARNINGS WITH OTHER INDUSTRIES The rate of return earned by the railways is in striking contrast to the much higher rate earned by other industries. - >The rate earned on Cfass 1 railways iu the Southern Region is as follows: r "n "Tw * ’ - — 1921 0.86%, 2.07 (The so-called Class 1 railways comprise all the lines except the short roads earning less than $1,000,00Q gross per annum.) v Iowa The rtffe earned by the Class 1 roads prior to Government control was as fol ■ 1914 1916 1916 4.08% 8.81 6.70 - The Government control, period is omitted because while operations were gen erally unprofitable, on account of increased wages and cost of material and supplies largely beyond increases in rates, the railroads were allowed the same profits they had made during the three years prior to July 1, 1917. a ^? ere ^, the figures showing the return on investment in certain specified dustries, which are taken from the reports of the Federal Trade Commission; 1921 1920 1919 1918 Average 28.8't ••••% V;;; ?3.9' < 19.9 23.6 12.6 ' 13. 12.7 23. 6. 14.5 31. „ 28.2 ' 29.6 «... 20.1- 12.3 16.2 29.8 mtion was not available.) 16.2 -23.0 LOWEST COMMISSIONS (Established 1010). 11* Broad St„ Now York tttnCK. SERVICE old crap GOOD APPEARANCE IS • INDICATIVE.- OF PROSPERITY O' ■■■-'! ' • • This Is Especially True of Your Office,'... The Publitf Likes to Deal With Prosperous t .• -People.' ' c-""!, 1 ’’' An old, dingy, ylirty offica, doe* -not Inspire much conll danca, does UT An ‘office In an up-to-date office building la whare. your, clients would prefer to find you. Pay Just a little more real and tnjoy the pleasure* of a “kept clear office"— steam heated and lighted—apd -your clients wlU ap preciate IL TOO. Its cheaper in me long Tun. * , If.ypu are already ln' *n office building, STAY THERE and If you ara"Wot,”>nove Into- on* by all means. Look over tho Holman Building—AN EXCLUSIVE OFFICE BUILDING. H. O. EPTING & COMPANY 1 SEAL ESTATE AGENTS Ground Floor HOLMAN BUILDI Grain Exporters 19. % Grain Jobbers 27.3 ‘ Mfgg. of Tobacco Products .... Soft Coal Mining .... Mfgs. of Yarns .... Mfgs. Mixed Feeds ...( Mfgs.-of Sbotu '.... (Where blanks appear infoi From 1914 to 1^18, inclusive, the average rate of return on various other in- lurlrits was as follows: - Five large oil companies in California 14.9' V , Manufacturers of canned milk 24.7 1 Wheat flour mills 23.0 Five great mefct packers 16.2 v • Manufacturers of farm implements 10.9 All industries have good years,and bad years; ail, except the railways, are -given an opportunity tp store up a surply s during'prosperous times to tide them over lean years. The railways do not criticise the profits of other industries, nor do they expect to be permitted during prosperous time to increase the prio transportation—the only commodity they have for, sale, but they must be afforded »» opportunity,; through efficient‘and economical operation, if they are going to -function in the interest,of 1 the public, to Barn and rttain a rate of return^which will enable, them'to obtain funtis; to provide for large annual expenditures to meet the increasing demands of commer^ej I ■if There.is an unfolded impression that tbe railroads are guaranteed a rate of return of 6% on their stocks and bonds. The law provides that the Interstate Commerce Commission shall say what rate of return they may earn on the value of property devoted tp transportatibn and fix rates accordingly, yet the railways nave onever even approximated the ate fixed and have had to pocket-their lo.^- .Tneyjtjjve not 1 earned as much a| tlie Government guaranteed on all but the first IteueloKLiberty Bonds, dr; op recentf Issue t ofc-Treasury Certificates. These seairi- ties ntfj.all more attractive to the average investor than the pest class of railr >aii bonds carrying materially; higher rates of interest. This situation is of interest and importance to the public, because transportation is an essential factor of busings. -The Central of Georgia Railway suhpiits these figures as an ijjustration of the results of ai restrictive policy which seems to us cannot safely be carried to greater extremes. We believe that these facts make answer to the attack upon the rate structure of the, railjroada, which is continually being waged by certain radical ele ments having Government ownership as their aim. - t r For ourselves we only ask the same, treatment that is accorded industries gen erally, without further impairment and limitation of earning power through re e reductions and 'adverse legislation. Constructive criticism and suggestions arc* invited. • “ enL Central Savannah, Ga„ March 16, * :a. wlebukw.— of Georgia Railway Company- IBM