Newspaper Page Text
ftssassauem
% :$teaiaiage of
Dwellers in the
Arid Zones
of Georgia and Alabama >
who are athirst for the Purity and Goodness of
yellow
GtwraitUad aider tU National Pore Food Lai
THE MACON DAILY TELEGRAPH* THURSDAY MORNING, OCTOBER 29, 1908
ABOUT
GEORGIA STATE BONDS
CITY ATLANTA BONDS
ATLANTA & WEST POINT R. R. DEBENTS
GEORGIA R. R. STOCK
AUGUSTA & SAVANNAH R. R. STOCK
SOUTHWESTERN OF GA. R. R. STOCK
WRITE TO
J. H. HILSMAN & CO.
STOCKS AND BONDS
ATLANTA. GA
H. Q. A, NASH. President.
CHA8. NEVILLE,-Vice President
H. G. A. Nash Audit Co.
EXPERT ACCOUNTANTS AND AUDITORS
203*204 National Bank Building, 8avannah. Ga.
Expert Accounting in All Its Branches.
j——=/l Mistaken•
IKE PROFESSIONALS
SENT STOCKS DOWN
NEW YORK. Oct II.—The downward
movement of prices of stocks today woe
commonly attributed to the effort* of the
professional element. This motive was
found In the conviction that stocks wore
being supplied on rising prices to meet
aay outside demand that developed. The
suppositions current In the tluanclal dis
trict of the extent of the speculative
holding*, which are awaiting an oppor
tunity for-liquidation reach such formid
able figures that misgivings arise of the
sufficiency of the new demand to absorb
this stock and maintain prices.
The response of the market to the
quarterly report of the United Steel Cor
poration was the Immediate occasion for
this process of reasoning of the t profes
sional speculative mind. The earnings
for the quarter proved larger than the
preliminary estimates.
The termination of the political cam
paign Is the favorable factor on which
the market has moved tor several weeks.
With that occasion near at hand It was
argued that deferring of profit* taking
until the event was hasardous in view
of tiie indication afforded by the effect of
the United States Steel Corporation’s
showing that influential holders of stocks
were inclined to disposo of them on fav
orable opportunity. The Copper Indus
trials gave way more sharply, although
the prices of tne metal were marked up
again at the local motal exchange. For
eign markets wore more cheerful by the
peaceable views expressed by the em
peror of Germany In a reported Inter
view.
Bonds wore irregular. Total sales,
par value. I3.51S.000.
United States bonds were unchanged
-A 'call. Salei ' ‘
513,600 shares.
Perhaps you have an idea that in order to have a
bank account yon must have a large sum to deposit;
that a bank doesn’t care to bother with small accounts.
This is not true of the “Fourth.” This bank wel
comes new accounts, no matter how small, and extends
the same courtesy and service to small depositors as to
large ones.
Let U3 prove it to you.
FOURTH NATIONAL BANK
MACON, GA. ' •
The Welcome Glow of the
Macon
Is hospitality in itself. If your
residence is not wired let us
show you how small the ex
pense really is. Its conven
ience will repay you in short
time, and when once installed
you will wonder how you ever
managed to do without it.
& Light Co.
Refrigerated Bottling
The word sounds good, doesn’t it?. Just try a
Bottle of Coca-Cola
\ Bottled by our process. There’s nothing to compare with It We
•’want to show you our plant. Cgll and Inspect. You will bo delighted.
; If you want n perfect drink drink BOTTLED
EVERYWHERE 5c
The Empire Electric Co.
Successors to B'ngleton-Mountford Electrio Co. Now under management of
WILLIAM J. MOUNTFORD, JR.
Efficiency, Competency, Promptness
Everything Electrical by Electrical Experts i
Office 614 Mulberry 8t. (Pythian Castle). Phono 117. Residence Pbone 134 T
I
BED1NGFIELD & CO.
(Incorporated)
EDWARD LOH, President.
Formerly of Macon, Ga.
The names imply that everything bought here is
• the highest grade of all standard whiskies, at lowest
prices.
Send us your orders which will receive prompt at
tention. , f
Write for Catalog
29 W. Forsyth St P.O. Box 1098
Jacksonville, Florida
REACTION FOLLOWS
A SHARP ADVANCE
LIVERPOOL spots closed 6.01
NEW YORK epots closed 0.45
NEW ORLEANS Spots closed 9.CO
dose dqulet at unchanged quotations:
Range of Prices,
Good Middling
Strict Middling
Middling » VJ*
Strict Low Middling .*?}
Low Middling ....
Spot Cotton Movement.
Recti. Ship.
Oct 24, 1908. t 977 499
Oct. 29. 1908 639 408
Oct. 27. 1908 824 801
Oct 28, 1905 125 347
— Stock on Hand.
the "event 'wee* h as* r d o uV1 n~"v lew , October *28 8 * iaoV *.*.*. ‘.iV.742
Indicntlnn •HYrtrAa.rf hv th* nf UCUOOer ZB * *’
Sales of stock*
NEW YORK.
NEW YORK. Oct. 28.—A sharp early
advance in the cotton market today was
followed by partial reactions under real
izing with the cloie steady at a net de
cline of 1 point on October, but generally
2 to 6 points net higher. Sales were es
timated at 260,000 bale*.
The market opened ateady at an ad
vance of 2*6 points and before* the upward
movement wa* checked the active months
sold 6 to 9 points net higher, all of them
making new high records for the season
today were I with the exception of Pecemver. The ad-
vance was encouraged by better cables
than expected, talk of an early setUe-
Amerlcan Sugar Refining
American Tobacco pref.
■•>*55
Delaware and Hudson 166%
Denver and Rio Grande 27%
Denver and Rio Grande pref «?
Distillers’ Securities 30%
Erie Sl%
Brie 1st pref. * 46
Erie 2nd pref 50%
General Electric 142 a#
Great Northern pref
Great Northern Ore ctfs,
International Pump.
Tnwa Central
Kansas City Southern
Kansas City Southerr nfd .
Louisville and Nashville »«»
Minneapolis and St. Louie..... 34
Minn.. St. L. and Sault St. M 1*1%
Missouri Pacific
Missouri, Kansas and Texas 50*4
Missouri, Kansas and Texas pref.. «4%
National Lead . ....
New York'Central 100
New York. Ontario and Western., 40'
Norfolk and Western 741
North American «0
Perl fie Mail *5%
Pennsylvania 12«
Pittsburg, c! e * and' St ’Louis'. HIM 78% £!?.? r, !** t 9 n
Pressed Steel Car
Pullman Palace Car 165
Railway. Steel Spring 39
Rending 182
Republic Steel 84’
Republic Steel pref 81
Rock Island Company 1*
Rode Island Co. nref. 48
St. L. and 8an Fran. 2nd pref 2*
St. Louis Southwestern Is]
st. Louts Southwestern pref 4*;
Sloss-Sheffield Steel and Iron 70]
Southern Pacific 107
Southern Pacific pref...
Southern Railway pref. .'... 6*
Tennessee Copper 48%
Texas and Pacific *6
Toledo. St. Louis and West 80
Toledo. St. Louis and West pref.. 87
Union Pacific . 170%
Union Pacific nref
United States Rubber 81%
I 'nlirfl nilUPS nunurr — L
United States Rubber 1st pref 9tt
United States Steel 47H
United States Steel pref 11 OH
Utah Conner 43%
Vlrginis-Cerollna Chemical It
Vir^lnia-Carollna Chemical pref.... 110%
Wabash pref! ’ V.'.V..!!!!!!!!!!!!!!!! 97 v
We«tln*hou«e Eleptrlc |t-
Westem Union 6«%
Whadla* sod Luke Erie »%
Wisconsin Central «%
Standard Oil
NEW YORK RANDS.
U. S. refunding 2s. registered 101%
U. fl. refunding 2s. coupon 104
U. fl. Is. registered 100%
TT. R. Is. coupon I0l 4i
U. S. 4s,* registered l?o%
U. S. 4s. coupon 1*7
American Tobacco 4s 77%
American Tobacco Is 100%
Atchison general 4s .. 100%
Atchison adjustment 4s .....14%
Atchison cv. 4* 100%
Atchl«on cv. 6* ...105
Atlantic Coast Line 4s 94%
Baltimore and Ohio 4s. 99%
Ttaltlmore and Ohio 3%s 944
Brooklyn R T. mr. 4s 74%
Central of Georgia fe... 110%
Central of Georgia 1st lne. 65
Central of Georgia tnd lne 48
Central of Oeorglajrdlnc
Chesapeake and Ohio 4%s ......1A*%
Chicago and Alton 3%* 76
Chicago, B. and Oulncv new 4s 97%
Chicago. R. I and P. R. R. 4a...... 72%
Chicago, R. I. and P. R R. col. r,a.. 74%
Chicago. R. I. and P. Uy. rfdr 4«.. 88%
C.. C.. C. and St. Louts gen. 4s.*.. 94%
Colorado f^lns trial 8a 74%
Colorado Midland 4a W
Colorado and Southern 4e HJi
Delaware and Hudson cv 4s 100%
Denver and Rio Grande 4s......... J*
Frio prior lien 4a 87%
Brie "encral 4s 71%
Japan 4e 97%
Jausn 4%S. \wrtee .V!!!!! !!!!!!! 89
Louisville and Nash, unified 4s.... 9#%
Manhatun consol gold 4a 37%
Mexican Central 4s
Mexican Central 1st tne 1>
Minn, and St. Louis 4s
Missouri. Kansan and Texas 4*....109
Missouri, Kansas and Texas 2nd*.. 16%
National R. R. of Mexico con. 4s .. 10%
New York qimtral gen. S%a........Js%
New Jersey Central general la....116
Northern Pacing 4s .102%
NorioIk n anS*Weate , A coneoi is!!.’!! jj|%
Oregon Short Line,, rfdg 4s 94%
Penn. cv. »%*. 1516 ,»«%
Reading general 4s 100
fit. L. and Iron Mown, coaol Is....119%
St C ond San. Fran. fg. 4a. 76%
j *
R3S SKffi!
ToW,. St. L. and WMttm 4. M**
I'alon Pacific 4. J«,»
t'nlon Pfddc «v. 44 , .
rr. B. *t«l 2nd t. ■
w.M»h l«u IJJ
N. Y.. N. H. and H. cr. fs. c.tfs....l«25*
Lake Shore 4s
COTTON SEED OIL.
NEW YORK. Oct 28.—Cot tea seed 6(1
was fair!’* active and easier. I Time crude
tn'barrels fob mill* 30%: prime sum
mer yellow 8?a39; off eummer yellow .X
to 21%: good off summer yellow 3;*X8%;
prka* summer white 3fa41; prime winter
yellow 44*49. —
. the first few minutes after the
opening, there was some hesitation and
Irregularity owing to tho absence of Wall
street buying orders, but these soon
reached the market and .started a general
demand for both account*. Realising was
very heavy In aplte of the unfavorable
eastern belt forecast and fluctuations
during the afternoon was comparatively
narrow nml late months being relatively
steady. Business was very active at the
close, with commission houses good buy-
A tropical storm wa* roported over ,4 --
nnrtheist gulf moving northward.
Receipts of cnatton at the norts today
ere 79.750 bales against 68,982 bales last
cek ami 61,287 bales last yesr. For the
cek 430,000 boles against 415.369 bales
r? p-deV and 243.687 b*lea last year.
Today’s rocelpts at New Orleans were
I.7K0 < ales against 10.210 belea last
id nt Houston 20,208 bales against J
bale Blast year.
Spot Cotton and Futurrs.
NEW YORK. Oct. 29.—Spot c
closed quiet. 5 points higher: mlduuuH
uplands 9.46; middling gulf 9.70; sales
Futures opened ateady and closed
,7lln |04.ax«
Export* to Great RrlUln.. 17.916 7f.tW
Exports to Franco 9,085 27.802
Exports to continent R00 43,
Exports to Japan 5.800 5.
Stock on hand all ports....780.441 —
Since September 1. <908—
Consolidated receipts
Exports.to G*-eat Britain.....
F.xpnrts to France
Exports to continent.........
Exports to Japan.
. .2,46ft,3W
Price, Recslpts, Sales. Stock.
. .18%
Wilmington . .|8T%
Norfolk ... . 9 1-18
Baltimore . . . 9%
New York ....9.45
Boston . . . 9.45
Philadelphia ..9.70
.laoksonvllle . .1
San Francisco .)
Port Townsend.!
f!K)
no. a.
EE^L.^7‘^3 THE
Interior Movement.
rprlce.lRe^ts Iflsle^.l Alii/
20801112511
In that valuable book, “Cotton,” by Prof.,Charles Wm.
Burkett, of the North Carolina College of Agticulturo and
Mechanic Arts, in collaboration with Clarence Hamilton
Poe, this stateqicfct is made:
“But, someone reminds us, in this day of labor-earing
machinery cotton Is still the one crop most fully depend
ent on hand labor. It is nnld that within fifty years the
time of human labor required to produco a bushel of qorn
has decreased from four hours to thirty-four mlfiqioa,
and for a bustiel of wheat from three hours and ten min
utes to ten minutes, while it Is doubtful if the time of .
human labor required to produce a pound of cotton'has
been diminished even oue-thlrd. What then—when tho
world has begun to domand 25,000.000 bales of the
South, evon though we hare so improved our seed and so
built up our lands as to find no difficulty here, shall we
not nevertheless be hopelessly hulked by lack of labor for
picking the crop? • • • .Cleanly*,therefore, tho mak
ing of a mechanical plckcrMs a; hard task, atid yet so
ertile Is the human irpagiiiatloh wid so enormous are
lie rewards awaiting the man who succeeds In making
in effective picker—the wealth of Croesus may be his—
that we expect It‘to come, and to c<>me not vory many
pars hence. • • • There arc inillions In it for the man
who succeeds at It; It la likely to l>e done if It can bo
done.*'
This was written by Mr. Bnrkett threo years nffo. In
tliis sumo book, farther along, on pase 197, under the
head, “The Cotton Picker,” are statements which, had I
talent, I could not have written moro to tho point in ref
erence to my owji invention. This is what Prof. Burkett
says, speaking of the necessity of a cotton picker:
"Ab has already been Indicated, tho draft on cotton
profits In greatest (or picking. We gather cotton to-day
juet os It wbs done In India u thousand years ago. Hnml
picking, hand hnrvnetlng, I, not only tho rule, blit It la tho
only method of gathering tho lint.
“Other crop, liavo labor—atlng dertcoe In ttso In thin
final pheau of tbclr production. With wheat, corn, oata,
potatoes—all our leading crops—while tho coBt of pro-
duett on baa been lenenod In oar time, the coat of barrell
ing has been reduced many tlmofl. With cotton It Is dif
ferent. Slavo labor paned; paid lab'or took Its placo. And
labor coat la atondlly Increasing. It criato moro to-day than
a quarter of a century ago, moro than It did a docado ago.-
“Tho groat hope of tho South, then, llca in tho direction
of labor-aarlng devices for lessening tho root of cotton
production. Some will come, of course, for bolter prepara
tion of tho crop and for Its better culture, thereby Increas
ing tho yield; out tho grenteat Improvement will bo found
when 'he cotton crop may he plckod with so-jewhat tho
same Independence of bond labor ns obtain, la tho har
vesting of other staple crops. *
"You thtnk this can nevor comoT
“Wo were fifty years producing tho wheat harvester,
and from Its nature—gathering rrnln, cutting It and bind
ing It—are not as many features Included und complica
tions Involved as In tho harvesting of cotton?
"The cotton picker will come. In Its experimental stags
now It Js not to be dismissed with a more wavo of tho
linnd. It pteka now. That mnch In certain. Tito time will
Como when It will pick profitnbly.
"Tho successful cotton picker lias only to do the work
efficiently and cheaply. It must he bnllt to- pick tho cot
ton without Injury to plant or unopened bolls.
"Tho fact the cotton opens slowly necessitates, as hne '
been seen, three, four, or oven five pickings, nnd this com-
pllcatas cotton harvesting; but If rows are placed at
proper dlstancoa, fields planned for horue or stdazn drawn
OFFICE AND FACTORY,
4433-38 Olive Street,
St. Louis, Mo.
“oatal and Western Union Wire* ond Operator* in tyty motor,.
tool,, tho cotton picker may bo operated twice or three
t ' times without serious Injury to plaata or bolls."
I want to acknowledge my indebtedness to Prof. Bar-
kott for inspiration. I have avoided complicated ma
chinery and produced a simple, easily managed and ef
fective machine.
I linve invented a machine which will do for the cot
ton growers of the World all that Prof. Bnrkett says it
should. My Vacuum Cotton-Piclane Machine Alls every
specification. It is the result of a thorough understand
ing of the needs of tho cotton grower.
My muohine is beautifully rtyido in every part, is cop-
structed of tho host material to last, is manufactured
with a full appreciation of the uses to which it may iiu
put by the cotton grower when not in use as a cotton
picker, is sold at a price and on such terms ns will make
tho marketing of these machines u cheap and simple fao-
tor, nnd means that the millions mentioned by Prof. Bur
kett as the reward to come to the inventor of a successful
cotton picker will he distributed among the stockholders
of the Vacuum Cotton Piclrir.T Machine Company.
The'proposition I make to tho public is no “stock-job
bing” Bchomo. I am not, a schemer 6r promoter. I am a
manufacturer, president of the General Compressed Air
nnd Vacuum Machinery Co., of St. Louis, have a largo
factory nnd my house-cleaning machinery is in uso in 500
cities in tho United States, besides many plants in opera
tion in Europe nnd South America. Thera is a solid, sub
stantial business back of every statement I make.
I told you yesterday that I wanted to build a now plant
I am going to build, this plant, and while it is not abso
lutely necessary in order to do so that you join with me,
yet I am fully convinced that it will make the company
stronger and better if sevoral thousand people nre par
ticipants with mo in the profits of tho Vacuum Cotton
Picking Machino Company, which nre as certain as is tho
fact that the snn shines in the South.
Tho Vacuum Cotton Picking Machino Company is not
now and nevor will bo tho property of any trust.
I have organised the Vacuum Cottou Picking Machine
Company under tho laws of tho State of Missouri, with
, a capital of $3 000,000. Of this sum S2,000,000 is com
mon stock and $1,000,000 is cumulative preferred in
■ shares of $100 each, hearing sevon per cent annual divi
dend guaranteed. I expect to sell enough of tho preferred
stock at par to build the plant which I have mentioned.
I will give with every two shares of preferred stock one
share of common, so that the holder of preferred stock
may participate in the management of the company as a
voting stockholder and secure such additional dividends
as the common stock will earn.
Do you want to come int
Do you want to participate in the profits which must
como from tho manufacture of this machine?
Remittance of one-half tho amount must be mode with
the reservation.
Read tho papers to-morrow.
JOHN S. THURMAN, President,
Vacuum Cotton Picking Machine Co.'
miii'iisil 'jjiii
28.—Spot ootton
... __ — r ..—i l point hlkhev;
American middling fair 1141; food mid*
dllnc 5.18; middling 5.01; low middling
4.81; gbod ordinary 4.Id; ordinary 8.90.
Tho sales of tho day woro 4,000 halos, of
which too bales woro for speculation smt
export, and included 8,480 hale* Ameri
can. Receipts were 11,100 bales, all
American.
Futures opened and closed steady;
American middling G. O. C.:
SERI WHEAT DOWN
Novsmber-Oacemher 4.69%
December-January 4. G n * %
.1«imja,ry-.F*hru*ry 4.61
February-March 4.68
March-April 4.67%
> orll-May 4.87%
May-June 4.67%
Juno-July' 4.67%
July-August 4.66
the close
CHICAGO, Oct 28.—Favorable weathpv
for the fall sown crop of wheat In this
| oountry had » depressing cfTort todnv on
the local wheat market, prices
being % to %a%c. lower
Msa
Open. High. l/)w. Close.
1.88 "ESS ..fig
. 98 96 97%
Corn— *
Deo. .
May .
A-
Mess Perk— ^ ”
Jon. . . .15.82% 16.00
. May . . 46.12% 15.16
Lard-
No v. . . . 9.70 r “
Jan. . . . 9.47%
S ffs^,,_.9,62*
• NtW ORLEANS.
NEW ORLEANS. Oct. 28.—Bpot cotton
WfsoultLtoday At unchanged quotations,
middling 9c. Bales on the spot were 2,I(W
bales and to arrive 2.100 baiee. . «I.w- • ",
An Increased demand was In evidence i 5, }£5 Rlb# *~. M ,
coming from exporters who-, were short VPI- •
of cotton for October shipment and who
were compelled to buy from local factors
through lack.of tlm* to receive shipments
from the Interior. Futures opened etMdy
at a decline of 2&4 points on some selling
out by longs who wsr* disappointed over
the failure of Liverpool tc make a full
response to the savnne* on this side
yesterday. The weather helped the mar
ket. however, nnd report* of frost In the
west and rains In the east of th# cotton
country, coupled with forecasts from
Washington of ealremsly bad weather
for the Atlantic stslos, sent prices up
until they stood 2 to 5 points higher than
yesterday’* cloning. During th* afternoon
seaslon the market wa* dull end feature
less. and price# fell off again. The clos-
S ing was steady and prices were unchanged
S oplnts down, compered with yestcr-;
oXU&Bt.. .™!7.r. .'i'. 0 ."?.“ 1 Ti7* !
November, bid 5 84
December, bid 8.76
January, bid 8.70
Kl’HV&J’W
February, bid
March, bid
9BS“ ■
New Vorfc Money Market.*
' YORK. Oct. 28.—Money on call
steady; Ia!% per cent: ruling rate 1%:
doting bid and offered 1%.
_ Time, loans very dull and heavy; 40
days 2%e3; 90 days 3a2%j six month*
'Prime mercantile paper 4*4% per rent.
Sterling exchange steady with actual
business in bankers* bills at 4.44.46a
4.14.75 for 44-day bills and 4.41.46 for
demand.
Cornmerdal^bMIs 4.94%a4.t4%.
M2 L.,.
Mexican
WILMINGTON. Oct 28.—Spirits tu r I
peetlne, nothing doing; receipts 21 casks.
Rosin, nothing fifing; receipt* 23 Tnr
firm at S1.40? receipts 717. Crud- tur
pentine firm at 11.40, 92.10 and 13740; ye»
■ SAVANNAH:.Ga.. Oct 21.—
firm at 16%; sale# 471; r<„
rr.#nts 1.204. Roaln firm:
* ts 9.244; ehlnments 1,’
«79 Dt *oi
G. tt.tof 43.MaS6: L %Nl K._§4
M. 95.25; N. 86.91; W.O.. 84.30; W
~ 1.144; L-
stock 1#*,-
C. D. E. and F, tt.f
Cash quotations
Flour steady.
No. 2 spring wheat ll.O8al.0S;
94*81.02; No. 2 red »«%a|i.O0%.
No. i corn 49e69%; No. 4
T»%ft74.
t: IjX’urT'- “*'*
B feeding barley 62; fair to choice
i, Northwestern, *1.28%.
I timothy seed t3.28n.1.l0.
r contract gnid«r» fvf.e.
ribes. sides Goose) 48.37%a9.99.
pork rer barrel m t?%ai| 06.
per 190 pounda 89,60a9.42%.
Short dear eldest boxed) 19.25*9.50.
Whiskey, basis of high wines, 11.87.
Receipt*. Shipment*
Wheat, bushels; n«.ooo 161.900
*'*“* 90,909
1144.000
Corn,, bushels iie.oot
Osts, bushels 318,000 -
On tbo. Produce Exchange today the
bntter market wa* firm; creameries
20x24%; fialrie# 18*28.
E«ts steadv; at mark, caoee Included,
19*12; firsts 26; prime flrats 24.
Cheese steady; 12%al?%.
OnY GOOD*.
NEW YORK. Oct. 23 —Tb* dry goods
market I* rteedlly growing firmer in the
cotton goods division. Prices have elso
been advanced on some line* of men’s
wear for spring. Carpets for spring will
L# shown on November 9. Cotton yarn*
are firmer. Tho epot demand for aatln
face dsilk piece goods Is still large. Job
bers are receiving a better return from
their road men.
Cotton Seed
State of Georgia Bond#
Ha. 4%, 1922.. 197 If
Ga. 4%, 1914 144 10
a*. 4. 1926...,. ....164 10
a». ig. tit* to tiu i, it
City Bonds,
Macon 4 pc., 1916........160 If
feoon f pc.. 1922.. .....167 14
Hacol 4*4. 1924. 104 1C
!»c,.fi 4%. 1910XO 1481 90 J
< fl r U !«
sb * pc., ljff..;.. 9t s
«B » pc., lilt 105 2C
J Augusta 2%. 4. 4%. I A pc.'. M
you wish n whiskey of Supreme Excellence, distinc
tive In Ilf superb flavor and mellowed by time,
insist on having
irray Hill Club
This Particular Brand
For Particular People.
Magnus 8 Go.
Cincinnati. Ohio