Atlanta tri-weekly journal. (Atlanta, GA.) 1920-19??, October 02, 1920, Page 7, Image 7

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mutt, hcrTsA (spikhs, i hTme oBseRuGD~V Boss, r ouinA »r ’"I, ' I CANJ MY MAMP \ 'YouR BRCAKFAST! THAT You S€ID O M bvST Os F UPTD THoSC f ' AT We. . ik the Dust o/M TOP < T J THe FURMTURB, SO X-U THUMB _ As JaXSUJ of this Bureau; J \ i think You Might AT j I MARK'S •_> y \bA S I z - r — Q\ UGAST see THAT r- THERe \ J <> . I THE PLATES \ ' J \ X CAME- F* a' />?■ L ~—/"S i I CLEAN)'. <- : - ,/ >< (A SsX rifitv / - v\Jw\ \ mMLt / > < / /) Wfwj - * kl AIM inilNO short of P*SBjß| HE? n| ffi|f| *=a J-& j V-OfUW%9 \ MURDER. © Rafef _MB Bl? Ib&TXw- • JT®IJ bBgU , ■ - ■,„ )——r. ’■ ®E|faa®i a EL ffl v '^*TOR M^Sfr a ’ by bud PKHE r Wgy.< JET 4W| ~ \ JX. '/» 9 I - . - - '• - ■■.. __ I COTTON NEW YORK, Sept. 30.—Higher Liverpool ttbies accompanied by reports that the Old ham (England) mills would reopen next Tuesday, led to a firm opening in the eotton market today, first prices being driven 5 to 45 points higher. Covering was also promoted by the gulf storm threat but the market met considerable cotton at 23.05 Hr December ahd 22.40 for January, or I about 30 points above last night’s closing. Conflicting reports concerning the British eoal dispute probably inspired some selling on the reaction which carried prices back to about yesterday’s final, but offerings from the south were less active ;hau re cently add the early market showed a pretty •teady undertone i nspite of irregularity. There were reports of a big fire at Galves ton, where local spot people are said to •wn some cotton, and it was thoufht there might be covering of hedges. The break from hte early advance carried the market about 18 to 40 points below last night’s closing figures during the mid dle of the morning. This was the result •f further hedge selling, combined with nervousness over British labor conditions and the failure of reports from the goods trade market to show an improvement. The ■outhern pressure was less active than bn firevious declines, however, and after sell ng at 22.38 for December, the market be came less active and steadier on covering promoted by less favorable weather and Kop reports. Two private condition figures ere issued, one making it 56.7 and the ether 58, both figures suggesting more than the normal September deterioration. Very bullish weaaher reports failed to held the early afternoon market and prices made new low ground for the day under fur ther southern hedge selling and local press ure. October sold at 24.00, and December at 22.15 shortly after 2 o’clock, or 43 to 60 points net lower. NEW YORK COTTON The following were the ruling prices la the exchange today: Tone, steady; middling, 25.50 c, quiet. Last Prev. Open High. Low. Sale Close. Close. Jan. .. 22.30 22.40 21.33 21.70 21.70 22.10 Mar. .. 22.00 22.13 21.05 2140 21.35 21.83 May .. 21.65 21.80 20.65 21.05 21.05 21.38 July .. 21.20 21.20 20.20 20.32 20.45 20.85 Oct. .. 24.75 24.75 23.55 23.82 23.80 24.40 Dec. .. 22.95 23.05 21.95 22.20 22.15 22.75 NEW ORLEANS COTTON NEW ORLEANS, Sept. 30.—Rear of crop damage as the result of the cold wave cross ing the country and the storm in the gulf caused a higher opening in the cotton fearket today but after advan-’es of 27 to Bp points the upward trend was suddenly Reeked and a sharp downward reaction fcsgurred. This was due to the fact that the weather map failed to reflect any really damaging weather over any great area of e<ttcn. At the end of the first hour of business prices were 20 to 45 points under the the finals of yesterday. December rose to 22.08 and reacted to 21.25. Official reports of frost In Oklahoma, - Fith freezing at some points, checked the filling and caused small recoveries from the hwest. Late in the morning the trading months were 16 to 84 points under the close »f yesterday. In the afternoon selling became heavier than ever as the result of general liqui dation of long contracts which encouraged iggresslve selling for short account. Prices were forced 69 to 80 points under the close of yesterday, but just on the close a quick upturn of 15 to 30 points from the bottom resulted from realizing profits on short con tracts. At the lowest December sold down to 21.00. , NEW ORLEANS COTTON The following were the ruling n-ices in the ixchange today: Tone, steady, middling, 23c, steady. Last Prev. Open High. Low. Sale. Cloee. Close, raa. .. 21.55 21.66 20.63 20.76 20.76 21.34 liar. N 21.40 21.40 20.30 20.48 20.48 21.00 day .. 21.00 21.07 20.13 20.17 20.17 20.65 □ly .. 20.70 20.70 19.80 19.80 19.80 20.15 let. .. 23.00 23.02 21.95 22.25 22.15 22.75 lee. .. 22.00 22.08 21.00 21.23 21.15 21.70 NE WORLEANS SPOT COTTON ’ NEW ORLEANS, Sept. 30.—Spot cotton iteady and unchanged. Sales on the spot 167 yto arrive 700. Low middling, 16.00; niddling. 23.00; good middling, 25.25. Re feipta 5,307; stock 205,489. SPOT 00TT0N MARKET Atlanta, steady, 24.50 c. New York, quiet, 25.50 c. New Orleans, steady, 23c. Philadelphia, steady, 23.75 c. Norfolk, steady, 25c. Savannah, steady, 24.75 c. ■t. Louis, steady, 24c. Houston, steady, 23c. Memphis, steady, 28c. Augusta, steady (new’), 23.75 c. Little Rock, steady, 25.50 c. Dallas, steady, 23.05 c. Mobile, steady, 23c. Charleston, steady, 24.50 c. Wilmington, steady, 24.50 c. Boston, steady, 26c. Galveston, steady, 23.75 c. t ATLANTA SPOT COTTON iSnntr spot cotton 24.50 c eceipts 13 Ihlpments * 82 Itocks 11,352 AMERICAN COTTON AND GRAIN EXCHANGE COTTON QUOTATIONS The following were rhe opening, ulgUest bweat, close and previous close quota V-'ns on the American Cotton and Grata acbange of New Yo»: Prev Open. High. Low. Close Close an 22.33 22.35 21.35 21.58 22.10 larch .. 22.08 22.12 21.05 21.35 21.80 lay .... 21.65 21.80 20.80 20.98 21.38 Ct 24.85 24.85 23.65 23.80 24.40 )ec 22.98 23.05 21.95 22.16 22.75 LIVERPOOL COTTON Tone, quiet; sales, 5,000; good middling, L6sd. Prev. Open. Close. Close, annary .... .... .. 16.41 16.56 16.16 larch 16.40 16.02 .prll 16.13 16.25 15.88 fay 16.00 15.95 15.68 une 15.81 15.55 uly 15.75 15.66 15.42 august 15.40 15.30 eptemberl7.2o 16.93 ctober ... 16.85 17.02 16.46 pvemberl6.72 16.85 16.34 Ifcember 16.79 16.30 NAVAL~STORES SAVANNAH. Ga., Sept. 30.—Turpentine, teady, 127%@130: sales, 607; receipts, 57: shipments, 214: stock. 15,754. Rosin, firm: sales, 607; receipts, 1,682; hipments, 341; stock, 53.624. Quote B $11.30: D. E, F, G, H, I, K, I, $11.40; N, WG. WW. $11.42. Cotton Reports Monday WASHINGTON, Sept. 30.—The estimate of the condition of cot ton as of September 25 will be issued Monday, October 4, at 11 a. m.. Instead of Saturday. Oc tober 2, the department of agri culture announced today. The’ change was made to con form to the change to October ,4 of tlie date for issuance of the 'monthly census report on cotton ginned. xk® ATLANTA TRI-WEEKLY JOtTRNAL. GRAIN CHICAGO, Sept. 30.—General selling in small lots turned ' the wheat market down ward today after an initial show of strength. Opening prices varied from unchanged fig ures to 1 cent higher. Wheat closed heavy, to 9%c net lower. Big receipts and failure of frost to ex i tend as far east as had been predicted gave an advantage to bears in the corn market. The opening was half a cent lower to 1 cent advance. Corn closed unsettled at prices varying from net decline to VSc advance. Oats sagged in sympathy with corn, start ing a shade off to %c. Lower quotations on hogs and grain had a depressing effect on provisions. CHICAGO QUOTATIONS The fol'owing were the ruling price* lit the exchange today: Prev Open. High. Low. Close. Close WHEAT— Dec. ... 225 226 215 216 224 U Mar. ... 220 221 210 210% 220 < ORN— Sept. ... 130 130 127 129% 129 Oct. ... 108 108 102% 102% 108 Dec 97% 98 92 92% 97% May ... 100% 103% 95 95 100 OATS— Sept. ... 55 55 52% 52% 55 Dec 58% 58% 56% 56% 58% May .... 62% 62% 60% 60% 62% PORK— Sept 23.15 23.60 Oct. ... 23.15 23.40 23.10 23.15 23.60 LARD— Sept 19.10 19.22 Oct. ... 19.12 19.27 19.02 19.10 19.82 Jan. ... 17.15 17.40 17.05 17.30 17.30 RIBS— Sept 15.50 16.00 Oct 16.00z16.00 15.50 ,15.50 16.00 ST. LOUIS QUOTATIONS Se I’ t - 30.—Wheat: No. 2 red, $2.35@2.37; No. 3, $2.34; December, $2.16; March, $2.13. Corn—No. 2 white, $1.10; December, 92%c- May, 94 %c. > tb , Oats—No. 2 white, 57@57%c; December, st%c; May, 60@60%c. CHICAGO CASH QUOTATIONS CHICAGO, Sept. 30.—Cash wheat: No. 2 red, $2.34; No. 4 red, ?2.31@2.32. Corn—No. 2 mixed, $1.27@1.30; No. 2 yel low, $1.28@1.30%. Oats—No. 2 white, 55%@57%c; No. 3 white, 54(Q55%c. Rye—No. 2,'52.08%@2.09%. Barley—B3c@sl.oo. Timothy Seed—s6.oort?7.so. Clover Seed—slß.oo@2s.oo. Pork—Nominal. Lard—sl9.ls. Rib5—515.50@16.75. NEW YORK PRODUCE MARKET NEW YORK, Sept. 30.—Flour, dull and unsettled. Pork—Dull; mess, $31.00@32.00. Lard—lrregular; middle west «pot, $19.85 - @19.95. Sugar—Raw, dull; centrifugal, 96-test, 10.03; refined, weak; granulated, $13.50® 14.00. Coffee —Rio, No. 7, on spot, 7%@Bc; No. 4 Santas, 12%@13%c. Tallow—Weak; specials, 10c; city, 9c. Hay—Easier; No. 1, $2.00; No. 3, $1.70@ 1.75; clover, $1.40@1.90. Dressed Poultry—Dull; chickens, 37@50c; fowls, 26@42c; ducks, Long Island, 38c. Live Poultry—Steady; geese, 26c; ducks. 35@42c; fowls. 36@43c; turkeys, 40c; roosters, 22c; chickens, broilers, 35@39c. Cheese —Quiet; state milk, common to spe cials, 20@29%c; skims, common to specials, s@l9c. A Butter, werker; receipts, 7,726; creamery, extra, 60c; do. special market, 60%@61c; state dairy, tubs; imitation creamery, first 45@59c, nominal: Argentine, 48@51c. Eggs, steady: receipts, 9,654; near-by white fancy, 88@90c; near-by mixed fancy, 54@75c; fresh firsts, 58c; Pacific coast, 60@88c. METAL MARKET NEW YORK, Sept. 30.—Copper, weak; electrolytic, spot and near-by, 18@18%; fu tures, nominal; iron, steady and unchanged; tin, easy, spot and near-by, $43.00; futures, $43.25; antimony, $7.25; lead, weak, spot, $7.50@7.75; zinc, easy; East St. Louis, spot. $7.50@7.70. At London, standard copper, spot, 94 pounds 7s 6r; futures, 95 pounds 7s 6d; elec trolytic, spot, 113 pounds; futures, 116 pounds; tin, spot, 268 pounds ss; futures, 274 pounds ss: lead, spot, 34 pounds 10s; futures, 34 pounds 7s 6d; zinc, spot, 40 pounds 15s; futures. 41 pounds 10s. CHICAGO PRODUCE MARKET CHICAGO, Sept. 30.—Butter: Creamery extras, 58c; creamery standards, 4%c; firsts, 54@56c; seconds, 44@47c. Eggs—Ordinaries, 49@52c; firsts, 55@ 55%c. Cheese—Twins, 25%c; young Americas, 26 %c. Live Poultry—Fowls, 26@34c; ducks, 33c; geese, 23c; springs, 30c; turkeys, 45c; roost ers. 23c. Potatoes —45 cars; Wisconsin and Minne sota (per 100 lbs.), $1.85@2.00. LIVE STOCK BY WIRE CHICAGO, Sept. 30. —Cattle: Receipts, 13,000; market opening very dull; few early sales; choice steers, slow at $17.00@18.00; other grades, weaker; kosher cows, $8.75@ 10.50; canners, $4.00@4.50, about steady; medium cows, $6.00@8.25; bologna bulls, $G.00@6.75; veal calves mostly ?17.00@ $17.50, lower; feeders, very draggy. Re ceipts. westerns, 3.000: market weak. Hogs—Receipts, 21,000, uneven, mostly 40c to 00c lower than yesterday”s average: top, $16.00; bulk, light and butchers. $5.25 @15.90; bulk packing sows, $14.00@ 14.35; pigs. 50c to 75c lower. Sheep—Receipts, 37,000; extremely slow; lambs, 25c to 50° lower; strictly choice west erns offered at $10.35; choice natives, $12.75 to city butchers; bulk natives, $11.50@12,25; sheep, weak to 25c lower; fat native ewes, largely $5.00@5.50; feeding ewes, lower; best feeding lambs around $13.00. EAST ST. LOUIS. 111., Sept. 30.—Cattle: Receipts 2,500, including no Texans. Mar ket steady; native beef steers, $15.75@ 16.50; yearlings, steers and heifers, $1.50@ 16.50; cows. $6.25@12.00; Stockers and feed ers, $6.00@9.0; calves. $16.75@17.60; can ners and cutters, $3.50@6.0(>. Hogs—Receipts 1,000; market 60@75c low er. Mixed and butchers, $15.40@16.00; good and heavy, $15.25@15.70; roughs, $12.50@ 14.00; light, $15.50@16.00; pigs, $13.00@ 15.50; bulk, $15.40@15.70. Sheep—Receipts. 1,500: market steady; clipped ewes, $5.50@7.50; lambs, $11.50@ 12.00; canners and choppers, $1.50@5.50. LOUISVILLE, Ky.. Sept. 30.—Cattle: Re ceipts, 300; slow: steady. Heavy steers, $12.0014.00: beef steers, s7.so<q 11.50; heif ers, cows, $4,00@10.0; feeders, $7.04'10.5; stockers, $5.04)9.0. Hogs—Receipts. 1,600 ; 75c to $1 lower; 165 pounds up, $15.75; 120 to 165 pounds, $15.00; pigs. $9.50@11.00; throwouts. $10.75, down. Sheep—Receipts, 600; lower; lambs, $12.50; sheep, $5.50, down. Liberty Bonds NEW s'o RK, Sept. 30.—Liberty bonds closed: 3%c591.10 First 4s, bid 87.50 Second 4s ... 87.10 First 4%588.00 Second 4%s .... 87.20 Third 4%588.50 Fourth 4%s ... ... ... .... 87 02 Victory 3%s ... 95.76 Victory 4%595.78 COTTONSEED OIL MARKET Opening Closing. January12.74@12.75 12.72@12.74 Februaryl2.7o4ll2.Bs 12.72@12.85 March12.85@12.89 12.8141)12.84 Apri112.854? 13.05 12.894? 12.99 Mav12.90@13.10 12.85@13.00 0ct0ber12.554113.04 12.904)113.00 November 12.604F12.59 12.6541)12.85 December .... 12.78@12.80 12.73@12.75 Tone, steady; sales 7,100. CHEERING CROWD STANDS IN RAIN TO HEAR HARDWICK COLUMBUS, Ga., Sept. 30.—Cheer ed by a crowd variously estimated at between three and four thousand persons, who stood in a drizzling rain on the lawn of the Muscogee county courthouse to hear him speak, Former Senator Thomas W. Hardwick Wednesday night char acterized Clifford Walker, his op ponent in the gubernatorial run-over campaign, as “a politician of the Hugh Dorsey type, whose mind and soul belong wholly to the Clark Howell dynasty.” Thomas E. Watson, nominee for the United States senate, and Mr. Hardwick arived in the city yester day morning and were scheduled to appear on the same platform at the rally, but Mr. Watson was held in his room at the Waverly hotel by physicians who declared his life ■would be imperiled if he attempted to make a speech under existing weather conditions while in his pres ent physical condition. Disappointed because the adver tised “double bill” failed to ma terialize, the big crowd staged a mammoth demonstration for the senatorial nominee following an nouncement by Mr. Hardwick at the conclusion of his speech that Mr. Watson would not appear. “I regret Mr. Watson’s physical condition will not permit him to address you tonight,” said Mr. Hard wick. “I realize that a speech by this distinguished Georgian in my behalf would have far-reaching re sults in this campaign, but, in view of the statements of Mr. Watson’s physcians, I was unwilling for him to venture forth in this weather” Mr. Hardwick attended a luncheon given at the Waverly hotel early in the afternoon. Mr. Watson was pre vented from being present because of his illness. KAUFFANDTONEY SLATED TO APPEAR IN BASEBALL PROBE (Continced from Page 1) Fred Toney, members of his club. Kauff is alleged to have been involv ed in “throwing” a game last sum mer in a deal with Heinie Zimmer- Toney’s possible connection with the investigation was not an nounced. Indictments, it is said, may be brought against three more ball players and six or seven gamblers. A man named Brown, of New York and “Sport” Sullivan, of Boston, were named in the confession to the grand jury yesterday of Claude Wil- Mams as the men who paid over to him the money for himself and Joe Jackson for their share in the world’s series’ “throwing.” Williams said they were representatives of the gambling ring which was plan ning the coup. Others May Confess The statement credited to Felsch said he was going to get Buck Weaver to go to the state’s attor ney’s office and “get through with all this.” Weaver, so far, has de nied any participation in “fixing” the series, but he was one of the players suspended by President Com iskey when Cicotte’s confession was made. Mr. Austrian declared overtures had been made to him by some of the suspended players who have not yet confessed who “wish to tell all they know.” The testimony of President Heyd ler, of the National league, before the grand jury yesterday also may lead to the summoning of members of the National league clubs, it was said. He told persons outside the grand jury rooms that he had talked ireely concerning the circumstances which resulted last year in the re lease of Hal Chase, of the Giants, and Lee Magee, of the Cubs. He also said he submitted affidavits re garding the bribe controversy be tween “Rube” Benton and “Buck” Herzog. Benton already has been be fore the grand jury once, and was told he would be called again. Sensational Break in Grain and Provisions CHICAGO, Sept. 30.—Wheat futures dropped 9 cents on the Chicago board of trade today. Other grains also declined. Heavy liquidation, due to the continued de cline in prices of various commodities, was the principal factor. December wheat was off 9c, March off 9%c. December corn also was off 5 points. The market opened fairly steady, but heavy selling brought a quick reaction and grains fell to lower prices. Provisions closed lower on the weakness in grain. De cember wheat openedd up %c at $2.25 and closed at $2.16. March wheat opened at $2.20, unchanged, and closed at $2.10%, . September corn opened at $1.30, up le, and closed at $1.29%. December corn opened down %c at 97%c and closed at 92%c. September oats opened at 55c, unchanged, and ' loaed at 52%c. December oats opened up %c at 58%c and closed at 56%c. ATLANTA COTTONSEEL PRODUCTS MARKETS (Corrected by Atlanta Commercial Exchange) Crude oil basis prime, tank lotsslo,oo nominal C. S. meal, 7 per cent am- monia, 100-ton 10t551.00 $52.00 C. S. meal, Ga. common rate point, 100-ton lots ... 49.00 51.00 Cottonseed hulls, sacked, car lots (new) 17.00 18.50 Cottonseed hulls, loose, car lots (new 10.00 12.00 Linters, firs tcut, high-grade lots, 4@6c. Linters, clean, mill run, 2@3c. Linters, No. 3. l@l%e. COTTON MARKET OPINIONS Moyse & Holmes; We would sell cotton on the bulges. J. S. Baclie & Co.: We have no strong opinion oi the market at this level. J. W. Jay & Co.: While we expect a further upwa’-d movement we do not expect prices to hold. f. W. Weld A Cc.t We are inclined to think that the market is high enough and advise short sales at about present levels. Hubbard Bros.: it remains i be seen | whether a steadier market will attract a i bettr dmand for cotton goods and therefore for actual cotton. SHEPARD & GLUCK COTTON LETTER NEW ORLEANS, Sept. 30.—The advances of the opening of the cotton market today did not last long as the weather map itself failed to reveal damaging conditions over any very large area of the belt. Wide de clines ensued but later the tone was stead ier again by official reports of much frost in Oklahoma and even freezing weather at some points in that state. Texas sent in accounts of a somewhat better spot situ ation and improvement in this direction seems to be about the only thing that can <&use a higher market for vontracts. WALKER MEN, MEETING HERE, ENTHUSIASTIC North Georgia friends of Clifford Walker, candidate for governor In the second primary, met in confer ence at his headquarters in the Kim ball house Thursday morning. It was stated by those who attended that between fifty and 100 of the leading citizens from all parts o; the northern end of the state were present and that intense enthusiasm was manifested over the prospects for Mr. Walker’s election. Plans for the conduct of the cam paign between now and election day on October 6 were discussed. It was announced after the meeting that reports by every man present indi cated an overwhelming victory for Mr. Walker and that it was freely predicted that he will carry 100 coun ties over his oppone.nt, Thomas W. Hardwick. No set plan of meeting was fol lowed, as it was an executive ses sion and open to discussion by all present, among whom was Garland Jones, campaign manager for John N. Holder in the first primary. This meeting- was similar in char acter to one held in Macon about one week ago, when 150 south Georgia leaders for Mr. Walker organized the plan of campaign for the south ern half of the state. “A daily deluge of mail continues to arrive at Mr. Walker’s headquar ters, carrying assurances of success from practically every county in the state and the candidate himself ex pressed himself as convinced of vic tory at the polls,” says a statement given out from the Walker headquar ters. Wheat Futures Drop 101-2 Cents a Bushel In Kansas City Pit KANSAS CITY, Mo., Sept. 30.- Wheat futures dropped 9 1-2 to 10 l-2c on the exchange here today. December delivery closed at 2.10 1-2, 10 1-2 cents under yesterday’s close, and March closed at 2.06 1-2, 9 l-2c down. PATRIOT MOTOR COMPANY MAKES TRUCK REDUCTION LINCOLN, Neb., Sept. 30.—The Pa triot Motor company has announced a reduction of from S2O to $395 in the price of its trucks. Retail Clothier Reduces Prices CHICAGO, Sept. 30. —The price barometer fell here again today. Re tail clothing prices at Maurice L. Rothschild’s clothing store were slashed from 20 to 25 per cent, ac cording to public announcement. Mr. Rothschild declared reductions will follow. “The time for readjustment has come and the merchant who does not lower his prices to conform with, the movement will lose out,” said Mr. Rothschild. The second landlord to reduce apartment rents this wek announced he had made a 10 per cent reduction. Cut in Wholesale Prices Os Shirts Is Announced TROY, N. Y.. Sept. 30.—A reduc tion in wholesale prices of shirts was announced today by Edgar H. Betts, president of the Earl & Wilson Co., of Troy. Betts predicted that similar action would be taken within ten days by all eastern shirt manufactur ers. The cuts range from $1.50 to $24 a dozen. Has Curious Method Os Making Hens Lay LOS ANGELES, Calif.—Scien tists proposing to use airplanes as a means of bringing “mountain” temperature within the easy reach of every city resident have nothing on Patrolman Frank O’Howell, of the Los Angeles police department. O'Howell does not claim to have thus benefited humanity, but he does claim to have worked out a “cool ing” system by means of which he induces his hens to lay during the setting season. O’Howell places his hens in cages and then strings the cages to trees and poles in such position that the breezes play through the fowl’s feathers. He claims that this sys tem reduces the high temperature given them by nature, and the re sult is that his hens continue laying eggs. __________ Prettiest U. S. Girl Now Has Namesake ROCK ISLAND, Ill.—Lieutenant Commander Frank Huntoon has been presented with an eight-pound baby girl by his wife, Mrs. Frances Jor dan Huntoon, who, during the war, was declared by the War Risk Bu reau to be “the most beautiful girl in America." As Frances Jordan, before her marriag' to Huntoon, which culmi nated a pretty war romance, her likeness appeared on thousands of posters circulated throughout the country by the government in its patriotic campaign. Since her mar riage Mrs. Huntoon has been living a simple, domestic life. After its mother the baby girl has been named Frances Jordan Huntoon. Both mother and baby are doing nicely. Chooses Jail Cell For Winter Season Manuel Costa, of San FranclsctM who has been an occupant of the] city jail every winter for twenty years, is again “at home” in a cell reserved for his use. and he will re main there for three months. Police arrested Costa, saying he was tear ing up the pavement, pitching the cobblestones in >the air and bounc ing them off the back of his neck. When Costa appeared before Po lice Judge McAfee he asked to be sent to jail for six months, explain ing to the court by the expiration of his sentence the Alaskan fishing season would be open and he would be ready to go north. The judge compromised on a three-month sen tence. CUB IS LATEST OFFICE PET ' ; zzzz 1 ) .. - < ■Sfc'S' >'i ‘ al I L Pt* iiv Wi BIW » S L—— NEW YORK. —Here’s the very latest in office pets. Park Com missioner Gallatin is shown at work at his desk with a month-old lion cub playing affectionately on his shoulder! HOLDING MOVEMENT IS LAUNCHED HERE BY COTTON LEADERS (Continued from Page 1) for a speech, and presented his views in a very forcible way. The senator said: “It has cost the farmer consider ably more than 25 cents a pound to produce the present crop. It would be manifestly unjust to apply the process of deflation to the price of cotton which has been produced on a scale of inflated costs. I strongly | urge every farmer to refuse to sell his cotton for less than a profitable price. I believe if they will stand steady for sixty days without losing their nerve, they will get a profit able price, “Secretary Houston’s recent state ment in my judgment was untimely and ill advised. I do not believe, hdhvever, that he intended to say that the federal reserve banks would stop all advances on cotton. I be lieve he meant to say they would stop only those advances which were intended for hoarding purposes, It I were an officer of the federal re serve bank. I would insist that mon ey borrowed on cotton warehouse re ceipts must be used to pay debts in curred in producing the crop, so that the monye would quickly get back to the federal reserve bank and thus prevent an inflation of the currency. “Secretary Houston, even if he de sired to do so, has no authority to curtail agricultural credits. His au thority is limited to his one vote as a member of the federal reserve board in Washington. The policy of the federal reserve system in re gard to agricultural credits is fixed by law, and cannot be changed by the secretary of the treasury. Notice to Board “In conclusion, I believe this meet ing should courteously but emphati cally advise the federal reserve board in Washington that the grow ers of coton will not dispose of their crop for less than a profitable price and I believe we should advise our farmers to hold their cotton and hold their nerve.” President Mattux, of the Georgia division of the Cotton association, read a letter from Governor Well born, of the Atlanta Federal Reserve bank of Atlanta, addressed to Com missioner Brown, assuring him that there would be no change in the es tablished policy of the bank with regard to the 'handling, of notes se cured by cotton warehouse receipts Mr. Mattux, in connection with this letter, informed she meeting that Governor Wellborn intended to be present, but was prevented, and had sent word that he was heartily In sympathy with the object of the meeting. The next speaker was Robert F. Maddox, president of the Atlanta National bank and formerly presi dent of the American Bankers’ as sociation. Mr. Maddox in the out set heartily concurred in all of the suggestions made by Senator Smith He emphasized particularly the fact that very few of the state bankr of Georgia have become members of the federal reserve system, and, for that reason, are not in a position to give their farmer customers the full benefit of the credit facilities which they need and which the sys tem could give them, if all b?nk were members of it. Mr. Maddox explained that the Federal Reserve •bank of Atlanta some months ago established a sliding scale of redis count rates which has had the effect of increasing the cost of money, am this increase has prevented the na tional banks fj-om extending to their correspondent state banks as grea a measure of credit as they could before. Banker Explains System Mr. Maddox gave in detail an ex planation of the fact that a very large extension of credit caused bj the war has forced the entire federa' system very close to its required go'“ reserve of forty per cent, and this factor has necessitated a general re striction of credits. “I agree with the other speakers who have preceded me that 25 cents a pound is below the cost of pro duction.” said Mr. Maddox. “I am glad to see Commissioner Brown taking such an active stand for a better price. All of us are dependent on the prosperity of the farmer for our own prosperity, regardless of w at business we are engaged In. and the present situation demands that we all pull together. My advice to the farmer is to put his cotton in a warehouse, and to give his mer chants a note covering his obliga- SATURDAY, OCTOBER 2, 1920. tions, secured by his warehouse re ceipts, so that the merchants can handle the notes at their banks. 1 advise him further —and on this point I wish to lay especial emphasis —to insist upon a receipt specifying the weight of his cotton, the grade of his cotton, and the storage charges thereon, and there should also be attached to the receipt a fire insurance policy, showing the value at which the cotton was insured.” In reply to questions, Mr. Mad dox stated that the Federal Reserve bank in New York does not have a sliding scale interest rate, but has a Axed rate, and he thought a fixed rate would be better for the Federal Reserve bank of Atlanta. He ex plained in this connection that the directors of each bank fix their own interest rate. Other Speakers These were the principal speeches Os the meeting, but there were nu merous short talks by other bankers, merchants and public officials along the same line. The meeting was attended by Sen ator Hoke Smith, Congressman J. W. Overstreet, of the First district; Congressman W. C. Wright, of the Fourth district; Congressman W. D. Upshaw, of the Fifth district; Con gressman Charles H. Brand, of the Eighth district, and Congressman Carl Vinson, of the Tenth district. Among the members of the Geor gia legislature werp Representatives Johnson and Tripp, of Bartow; Grant of Habersham and Fowler, of Bibb. Robert F. Maddox, president of the Atlanta National bank, and W. J. Blalock, president of the Fulton National bank, were among the At lanta bankers who attended. In ad dition to the above, the meeting was attended by Charles S. Barrett, pres ident of the National Farmers' union; Harvie Jordan, national sec retary of the American Cotton as sociation; J. H. Mills, president of the Georgia division of the Farmers’ Union, and Andrew Fleming, secre tary of the Georgia division of the Farmers’ Union. Governor Dorsev was Invited to be presnt, and to deliver an ad dress, but could not attend. Upshaw Sends Telegrams Congressman Upshaw on Wednes day night sent telegrams of pro test to Secretary Houston and Gov ernor Harding of the federal re serve board, in Washington, as fol lows: z “Hon. David Houston, Secretary of Treasury, Washington, D. C.: I re gret to report that your published decision not to encourage southern farmers in handling their cotton crop at a living price has already had a tragic effect. Those who sympathize with your view seem to forget that the present crop was made on a basis of high values. By careful computation of experts, it cost over 38 cents to produce the Georgia crop. Some states cost more. “Patriotic farmers and business men of the south have no disposition to hold to war-time prices after the present crop is sold at an honest price to cover production, but your announcement has cost the south millions of dollars, and unless some thing is done to bring oack the price of cotton at least to a cost basis we face widespread bankruptcj' and in describable chaos in a section that has bern too loyal to deserve such treatment. “Georgia’s delegation in congress meeting in Atlanta Thursday to con sider matter. Hope you will recon sider your action and wire encour agement to the desperately depress ing situation. “W. D. UPSHAW’, “Congressman Fifth Georgia District.” “Hon. W. P. G. Harding, Governor Federal Reserve Bank, Washington, D. C.: Allow me to urge you to con fer with Secretary Houston, reading my telegram sent him today protest ing against treasury action concern ing cotton crop which *-hreatens southern farmers with financial -uin. We ask nothing unreasonable. But when farmers and our business men who have given patriotic support to the government find themselves the victims of high-priced production and now see their great money ?rop go ing at barely more than half its cost, they naturally feel that any kind of financial procedure, either private or gcvernmental, which produces this ruinous effect is little short oi high way robbery. “With a crop barely more than 50 per cent selling at about 60 per cent of its cost, the situation threatens disaster. We know your heart is in the right place, but we want you to heln put the nation's purse in the right place in order to save the south and the whole country from a commercial tragedy. “WM. D. UPSHAW, “M. C., Fifth District of Ga.. “Atlanta, Ga., September 29, 1920.” WILLINGHAM’S CREDITORS TO GET 30 TO 35 PER CENT MACON, Ga., Sept. 30.—The Wil lingham Warehouse will pay credi tors 30 cents on the dollar and the R. F. "Willingham corporation will pay 35 cents according to attorneys preparing the bankruptcy schedule of the warehouse to be filed in the federal court here Friday. Auditor W. C. Martin, who prepared the re port from the books of the ware house showing assets of $956,951.83 and liabilities of $1,723,232.54, a shortage of $766,280.71, will be grill ed by the attorneys, it is said, on certain features of the report, and it is said that another audit may be asked. Hall, Grice and Block and Harris, Harris and Witman are at torneys for the warehouse. A big meeting of creditors will be held Tuesday before J. N. Tally, ref eree in bankruptcy, when all priority claims will be passed on by tne trus tee. Referee Jesse B. Hart has ask ed permission to sell live stock, gro ceries and hay said to be worth $90,- 000, and the request will be passed on at the creditors’ meeting. Ef forts stiP are being made to sell the canning plant, which, if not sold, will have to be disposed of as junk. Local capital is offering to aid out side capital in taking over and oper ating the plant. Poles Capture Lida; Fall of Lithuanian Capital Is Expected WARSAW, Sept. 30—(By the As sociated Press).-—Polish forces cap tured Lida, an important town forty five miles south of Vilna, and Pinsk, a fortified city ninety miles east of Brest-Litovsk on Tuesday, according to an official statement issued here. The Polish advance toward the northeast is continuing, and the fall of Vilna, the Lithuanian capital, is expected within a few days. Kamenetz-Podolsk, a city on the northern bank of the Dneister river, in Ukraind, has been recovered by Ukrainian troops from the Bol sheviki, it is reported. , .; Potatoes Reduced $1 Per Bushel INDIANAPOLIS, Ind., Sept. 30. Potatoes hit the price toboggan here today. The wholesale price was 50 cents a bushel, a reduction of sl. Classified Advertisement j WANTED KELP-Maii. LEARN AUTO AND TRACTOR BUSINESS in 6 to 8 weeks. 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