Atlanta tri-weekly journal. (Atlanta, GA.) 1920-19??, October 14, 1920, Page 7, Image 7

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n ' s Tco BAD, Jce.THAT V AT -TbuGHL ~) GfcFR You've GOT a . ‘lCuc cd<?i i pin itA T 't'OUSPCLLGD GRAMMwTh COMes \-ro’B£AT OUT ’SPUJis’. He- I , ~7 OF G-R-A-M-M-A-W Y.v L A CoP: --> Pouce exAM.NAT.ON P- J > T ">T* ' MUTT AND NAY Lose our , a. ppp; AS SP-V-C. X p jbfh- u^=— -> vtwk ; l ' /M v 'I <h<2 » \ i Z /W A L « z J ’ /&« jfeK /»! 1 4 ji|S, ’ - I T*^ ky r) vx f lilOy h» d* - 11 h fjl< J MMr ’• ~ ’ 4 *wlhib2 II ||L™—- ._.. j W ma i 1 bI Ka-al mBUI* fflb II / ~~ BW - '?**** K °rUn \ ' II I " JSF _ , li- COTTON NEW YORK, Oct. 13.—A new low level of prices was established in the mar ket here today. Liverpool showed declines over the iocal holiday while reports from the goods trade were unfavorable and the weather in the south continued favotahle for picking and maturing the crop. These featurees led to a good deal of local and Wall street selling, while there was heavy hedge selling by the south and after open ing easy at a decline of 10 to 47 p in's, active months showed net losses of about 30 to 47 points with October selling at 21.50; December at 20.30 and January at 19.75. Both local and southern spot houses were good buyers at the decline and there was considerable realising on old short lines which absorbed offerings and caused mod erate rallies. The market was under continued pressure later, Liverpool, the south and local opera tors being active sellers. Trade interests bought on a scale down, but otherwise ,about the only support represented profit taking of old short lines, and. if anything, the selling became more active after the publication of the favorable weekly weath er report. All active months made new low ground with December selling at 20.05 c and January at 19.45 c with the general market showing net declines of about 50 to 70 points. Reports of a disturbance in the extreme northwest, which might bring another cold wave to the south, led to covering during the early afternoon. December contracts sold up from 20.05 c to 20.42 c and January from 19.45 c to 19.77 c. with active months ruling about 18 to 33 points net lower around 2 o’clock. NEW YORK COTTON The following were the ruling prices In the exchange today: Tone, steady; middling, 23c, quiet. Last Prev. Open High. Ix>w. San- ''lose. Close. Jan. ...19.85 19.95 19 43 19.68 19.68 20.10 Meh. ..19.35 19.60 19.19 19.46 19.45 19.77 May ~.19.35 19.40 19.03 19.34 19.30 19.55 July 4 ..19.05 19.15 18.80 19.ip 19.30 Oct. ...21.50 21.75 21.00 21.45 21.45 21.80 Dec. ...20.40 20.48 20.05 20.37 20.39 20.60 NEW ORLEANS COTTON NEW ORLEANS, Oct. 13.—The slump In the Liverpool . nlarket yesterday caused a drop in the price of cotton here on the opening today. During the first hour of business prices were 3 to 45 points under the close of Monday with December down to 19.29.' Favorable weather over the belt caused more or less Selling. Private ca bles from Liverpool stated that values there had been affected by continued financial and industrial depression. The weekly crop reports were congiderea favorable and .selling increased moderetely following their reading to the ring. Little demand appeared from any quarter and it did not require large offe ng- to deprels prices, which, in the trading up to 11 o’clock, fell to levels 51 to 64 points under the . close of Monday. December eased off to 1910. Substantial reactions were caused by short covering, reports that trade interests were buying and the fear that the barometer lines on the weather map meant rain for the belt. Prices recovered to within to 10 points of Monday's finals but in the trad ing toward the close the market lost much of • its steaediness, falling to net declines of 23 to 28 points. NEW ORLEANS COTTON The following were the ru • oes in the exchange today: Tone, steady; middling, 20.75 c, steady. Last Prev. Open High. Low. Sale. Close. Close. Jan. ...19.25 19.36 18.70 19.29 19.23 19.45 Meh. ..19.10 19.21 18.68 19.08 19.02 19.25 May ...18.88 18.91 18.50 18.85 18.82 19.01 July ...18.60 18.60 18.35 18.54 18.54 18.88 Oct. ...20.30 20.30 19.98 20.00 20.00 20.30 Dec.;’...19.40 19.65 19.10 19.62 19.52 19.74 NEW ORLEANS SPOT COTTON NEW ORLEANS, Oct. 13.—Spot cotton, steady; quotations revised. Middling, 75 points lower; sales on the spot, 1,093 bales; to arrive, 1,200; low middling, 14.25 c; mid ' dling, 20.75 c; good middling, 22.75 c; re ceipts, 5,045; stock, 224,374. SPOT COTTON MARKET Atlanta, steady, 21.40 c. New York, quiet, 23c. New Orleans, steady, 20.75 c. Philadelphia, steady, 23.25 c. Norfolk, steady, ,22c. Savannah, steady, 22.50 c. St. Louis, steady, 23c. Houston, steady, 20.50 c. Memphis, steady, 22.50 c. Augusta, steady, 21.25 c. Little-Rock, steady, 21,50 c. Dallas, steady, 20.10 c. Mobile, steady. 21c. a Charleston, steady, 24c. Wilmington, steady, 2250 c. Boston, steady, 24c. Galveston, steady, 22c. ATLANTA SPOT COTTON Atlanta spot cotton ... 21.40 c Receipts 437 Shipments 593 ’ Stocks 12,500 AMERICAN COTTON AND GRAIN EXCHANGE COTTON QUOTATIONS The following were the opening, highest lowest, close and previous close quota lions on the American Cotton and Grali Exchange of New Yorg: Prev Open. High. Low. Close C'.nw Jan. ... 19.77 19.95 19.43 19.68 20.10 Meh. ... 19.42 19.60 14.19 19.40 19.75 May ... 19.30 19.40 19.03 19.53 19.50 Oct. ... 21.60 21.75 21.00 21.43 21.80 Dec. ... 20.45 20.48 20.05 20.30 20.60 LIVERPOOL COTTON Tone, unsettled; sales 3,000 bales; good middling, 19.02 d. Prev. Open. Close. Close. Jan 14.56 14.41 14.73 Feb 14.79 14.30 14.69 March 1 14.32 14.19 14.45 April 14.88 J 4.34 May 14.20 13.97 #4.23 June .... 13.85 ill. 13 July 13.93 13.76 14.03 Aug. 13.53 13.83 Sept 13.62 13.40 13.65 Oct 14.84 14.65 15.02 Nov 14.92 11.45 14.79 Dec .... 14.74 14.45 14.78 COTTONSEED OIL MARKET Opening Closing. Spots 10.00 bid January 11.37@11.89 11.45@11.47 February .. 11.3941.11.5'' 11.43@11.60 March 11.51@11.55 il.tio@ll .t>s April 11.50@11.8u 11.64@J1.75 May 11.W@11.80 11.76@il 80 October 10.80@11.0y 11.05@11.35 November 11.25@11.45 11.20@11.25 December 11.35@11.87 ’1.45@11.4U Tone, steady; sales, 23,300 NEW YORK~BUGAR MARKET Close. January 7.40@7.50 February 7.45@7.48 March ... 7.35 . " April 7.40@7.45 May 7.48@7.50 October .. ... 7.G0@7.70 November 7.28@7.50 P December 7.48@7.50 NEW YORK, Oct. 13. —Raw sugar, nomi nal; refined, unchanged, 11 cents. iilkb A..! ,)OCK>AL. GRAIN CHICAGO, Oct. 13.—Wheat prices today in Chicago reflected the decline of values yesterday in tlie northwest while the mar ket here was closed. Opening prices ranged from l%c to 3c lower. I Wheat closed nervous, 1U to 2%c net higher. Corn went lower with wheat. The open ling was l%c off to %c advance. Corn prices closed unsettled, 2%c net low er to %c advance. Oats were easier as a result of the weak ness of other grain, stating to %c down. Provisions sympathized with cereals, de spite higher quotations on hogs. CHICAGO QUOTATIONS The foi’uwing were the ruling prices in she exchange today: Prev Open. High., Low. Close. Close, WHEAT— Dec 2.06 2.12 2.05 2.09% 2.07% May .... 2.02 2.07 2.00 % 2.05% 2.03% CORN— Oct 88 90 86% 86% 89% Dec 86% 87% 85% 86% 86% May .... 90% 91% 89% 90% 90% OATS— Des 56 56% 55% 56% 56% May .... 60% 61% 60% 60% 60% PORK— ™ Oct 23.00 23.00 22.40 Nov 23.00 23.00 22.60 LARD— Oct 19.55 19.77 19.55 19.77 19.75 Jan 16.75 16.95 16.75 16.95 16.87 RIBS— Oct. .... 16.50 17.05 16.50 17.00 16.50 Jan 15.00 15.10 14.97 15.10 15.10 RECEIPTS IN CHICAGO Today. Wheat 32 cars Corn 307 cars Oats 180 cars Hogs 13,000 y head CHICAGO CASH QUOTATIONS CHICAGO. Oct. 13.—Wheat, No. 1 hard, $2.18@2.19%; No. 2 hard, $2.18%. Corn, No. 2 mixed, 92@92%c; No. 2 yel low, 92%@93%c. Oats, No. 2 white, 55%@56%c; No. 3 white, 53%@54%c. Rye, No. 2, $1.67%. Barley, 77%51.05. 'Timothy seed, $5.00@6.50. Clover seed, $12.00@ 20.00. Pork, nominal. Lard, $19,871 Ribs, $17.00@19.00. GRAIN MARKET OPINIONS Bartlett, Frazier & Co.: We feel that the rally has gone far enough in wheat. Clement-Curtis: We look, for a return of Belling after this advance. Harris, Winthrop & Co.: The movement in corn will fall off; the demand is now giving aigns of betterment. NEW YORK "PRODUCE MARKET NEW YORK, Oct. 13.—Flour: Quiet and firmer. I'ork—Quiet; mess, $31.00@32.00. Lard—Firm; middle west spot, $20.50@ 29.60. Suar—Raw, quiet; 8.03; refined, quiet; granulated, 11.0o@ 14.00. " 1 Coffee —Rip No. 7, on spot, 7%t; No. 4 Santos, U%@l2%c. Tallow—Dull; specials, 9c; citv, 8. Hay—Steady; No. 1, $1.80@1.90; No. 3, $1.55@1.65; clover, $1.35@1.55. Dressed Poultry—Dull; chickens, 35@50c; fowls, 2G@42c; ducks, Long Island, 38c. Live Poultry—Weak; geese, 25c; ducks, 26@30c; fowls, 22@35c; turkeys, 40c; roost ers, 22c; chickens, broilers, 26@28c. Cheese—Easier; state milk, common to specials, 20@29c; skimsj common to.specials, 10@20c. Butter, "’teady receipts, 3,471; creamery, extra, 61c;' do. sjecial market, 61%@62c state dairy tubs; immitation creamery, firsts, 44@60c, nominal; Argentine, 46@ 50c. Eggs, steady; receipts, 15,417; near-bby white fancy, $1.00; near-by mixed fancy, 58@82c; fresh firsts, 62@79c; Pacific coast, 65c@51.00. ' CHICAGO PRODUCE MARKET CHICAGO, Oct. 13.—Butter, creamery, extras, 55c; creamery, standards, 52%c; firsts, 45@53c; seconds. 40%43c. Eggs, ordinaries, 49@55c; firsts, 57% @ 58%c. Cheese, twins, 23%c; Young Americas, 25 %c. Live poultry, fowls, 18@34c; ducks, 25c; geese, 22c; springs, 23%c; turkeys, 40c. Potatoes. 116 cars; Wisconsin (per 100 pounds) and Minnesota (per 100 pounds), $1.65@1.80. ATLANTA COTTON SEEIf * PRODUCTS MARKETS (Corrected by Atlanta Commercial Exchange) Crude oil basis prime, tank lots $7.50 $7.75 Cotton seed cake. 7 per cent car lots .... .... .. ...... 36.50 ..... C. 8. meal. 7 per cent am- monia, car lots 41.00 C. 8. meal, Ga. common rate point, car lots 41.00 Cottonseed hulls, sacked, car lots (new) s Ga. com mon rate point 14.00 16.00 Cottonseed hulls, loose, car lots (new). Ga. common rate point 10.00 12.00 Linters, first cut, high-grade lots, 4@6c. Linters, clean, mill run. 2@3c. Linters. No. 3. l@l%c. NEW YORK COFFEE MARKET - > Close. January 7.01@7.02 February 7.25@7 27 March ...• 7.50@7.52 April 7.63@7,05 May 7.77@7.78 June 7.87@7.88< July 7.96@7.97 August 8.00(3’8:07 September ... 5.05@8.17 October «.47@6.49 November 6.6206.64 December ... 6.77@6.7S LIVE. STOCK BY WIRE EAST ST. LOUTS. Oct 13.—Cattle—Re ceipts, 4,000, including no Texans market slow native beef Iteers, f15.75@16.fi0; yearlings, steers and heifers, $15.50016.50; cows, $9.00@12.60: stockers and feeders. $6.0009.50; ealves, $16.75017.60; canners and cutters, $3.5006.00. Hogs—Receipts, 8.000; market 35040 c i’ilglier; mixed and butchers. $15.600’16.10- good and heavy. sls 60016.00: roughs, $13.<X>014.25; light, $15.65016.10; pigs. $13.75015.25; bulk. $15.650 16.00. Sheep—Receipts. 2.200; market steady: clipped ewes. $5.0006.00: lambs. SII,OOO 11-.75; cannei-s and choppers, $1.0004.50. CHICAGO. Oct. 13—Cattle: Receipts 12,000; market very sloiv: early bids lower: ' few good nnd fair choice steers sold at $15.50017.50; prime cattle searpe; grassy , kinds druggy, $8.75014.25; cows dull; bulk, $5.2509.50; dinners, mostly $16.00016.50: grassy calves, mostly $8.50012.00; feeders slow to siiade easier; receipts, westerns, 5,000; quality plain; market weak. Hogs—Receipts 13.000: mostly 15c to 25e higher than yesterday’s average; top, one o.ud. $15.95; bulk light and butchers. 815.25 015. SO; bulk packing sows, 14.15@14.85; pics strong. Sheep—Receipts 22.000; fat stock open ing slow, steady, with yesterday’s average; choice native lambs to packers, £12.00; bulk. $11.00012.00: good westerns, $12.25; choice unsold fat ewes quotable to $5.75: bulk, $5.0005.50; feeders active, fully steady. LGriSVir.LE, Ky.. Oct. 13.—Cattle: Re ceipts 800, slow. Heavy steers, $12,000 13.00: beef steers, $7.00011.00; heifers, 86.00010.00; cows. $4.f)O0'1O.OO; feeders, $7.ni)0t0.50,: stOckers, $5.0009.00. Ilogs—Receipts 1.006, steady; 165 pounds up. .815.75; 120 to 165 nounds. Sil 00: 150 pounds down, $9.75011.25; throwouts, $11.50 down. Sheep—Receipts 500, steady; lambs, $11; sheep, $5.00, down. BOGUS MAJOR IS FACING JURY ON FRAUD CHARGES (Continued from Page 1.) graphs of Vincent, attired in a major’s uniform, with six wound stripes on his coat sleeve and numer ous medals across his breast. He dis played a number of cancelled checks, which had been signed by his wife and indorsed and cashed by Vin cent. Says Vincent Boasted H. T. Adams, an automobile ga rage man, testified Vincent took him to the bank, showed him, Liberty Bonds and money, and boasted to him that he had “plenty of money,’’ and that he was a joint heir with Mrs. Lougherty to certain Peachtree street property. Miss Arnie Cline, chief nurse at St. Joseph’s hospital, then took the stand and swore that Vincent had been confined by sickness in the hos pital for ten days during the fall of 1918, and that when he was re leased he wore the uniform of the army with major’s Insignia, medals for bravery nad many wound stripes. Mrs. W. R. Dougherty, young wife of D. O. Dougherty, was weeping as she walked to the witness chair. She said she and her husband are now estranged. “I met Mr. Vincent in Clayton, Ga., where I took my children for a sum mer vacation,” she aid. “He was said . to be recruiting men for the army at the time, and he had war relics on display. I had been doing war work and was greatly interested, r invited him to my home when h« came to Atlanta. After that, I saw him often until my husband came back home. “Quite often he came out to the house. Other times, I would meet him down town. I hardly knew whether he was regularly connected with the government, but I saw his picture in the newspapers as being active in the fourth Liberty Loan drive. ’ Backed Him in Business Asked why she advanced money to Vincent, Mrs. Dougherty said she wanted to help him make a start in the business world. She said he began the operation of a taxicab line between Atlanta and Camp Gordon with the money she loaned him. She told of the loans made him—the first for SSO, the next $250, then S4OO, then S9OO, later a SI,OOO Liberty bond, and finally her husband’s automo bile. “I felt sure that if my husband had been at home, he .would have helped the young fellow start out in life.’ she said. The witness said Vincent made many speeches in behalf of the fourth Liberty loan campaign. She admit ted that she had advanced him money voluntarily, and said she knew at the time she made him the first loans that he was not a major. Asked if she did not. give Vincent a gold watch belonging to Mr. Dough erty, with her picture on its face, the witness replied: “Yes, I let him wear it while his own watch was be ing repaired.’’ finaTdisposition OF MIXED BABY CASE TO REST WITH JURY (Continued from Fag's 1.) one for the consideration of a jury. He differed with Judge Bell’s view that the question- of Louise Made line’s parentage was one of fact ;.nd should thus be determined by a jury of twelve men. The attorney also objected formally to Judge Bell’s excoriation of the “system” at the Grady hospital. “While I entertain the highest re spect and regard for this court,” said Attorney Austin, "my duty to my clients demands that T object to the attack made by the court on the system at the Grady hospital." I con tend that it will tend to prejudice the minds of the jurors, who must be impaneled from the general pub lic reading the account of this hear ing in the newspapers and hearing of it by word of mouth. My clients are entitled to an impartial trial and I insist that the court’s exco riation will tend to prevent it. Coun sel for the plaintiffs has said that the Grady hospital is on trill in this case. 1 also object to the early set ting of the jury trial because of the effect of the court’s statement from the bench.” Judge Bell, at the conclusion of Attorney Austin’s remarks, stated that he had not attacked the hos pital »a3 an institution, but that his attack %’as directed against the “sys tem” of handling new-born infants. Permission for Mrs. Garner to visit the Pittman home to see Lou ise Madeline at reasonable intervals was asked of the court by Attorney Arnaud, but Judg x e Bell declined to pass such an order, saying* that the matter could be arranged between the two families. Monday Session The defense had its innings at Monday's session of court, introduc ing witnesses to rebut testimony of the plaintiff’s witnesses in regard to blood tests and facial resemblances between Louise Madeline and the Garner family. They included Dr. O. B. Bush, Dr. John Funke and Dr. E. C. Thrash, Atlanta specialists in pathology, who declared that blood tests were of no practical value in determining paren tage of children. Previously D»r Al len H. Bunce, another specialist, Call ed by the Garners, had testified that such tests might help', in determining the parentage of a child. Mrs. Pittman was the principal witness for the defense Monday, tell ing her story of her baby's birth, de claring the baby had a birthmark 1 on its neck when it, was born; thh.t I she has a similar birthmark on her i back; and that Louise Madeline has the birthmark on her neck, although all but invisible. In closing, the plaintiffs introduced several women who testified to other alleged baby “mix-ups” at the Grady hospital. Mrs. J. H. Dudley, of 345 Filey street, testified that while she was a patient in the “flu ward” last March, her new-born baby was given by mistake to another woman but was later given to her. An affi davit was read from Mrs Stella Hoff man, of 6 Bonnie Brae avenue, that she saw a girl and a boy baby tem porarily “mixed” while she was in the “fiu ward" last March. Mrs. L. W. Whitley, a patient in a private ward at Grady next to the maternity ward, when Mrs. Garner and Mrs Pittman were there, told about the admitted swap of their babies and declared her own baby wasn’t tagged for nearly a week. RESERVE SYSTEM HELD RESPONSIBLE FOR LOW PRICES (Continued from Fage 1) try and prices of commodities. We believe that the rate of discount should be determined, first, by the character of the paper offered for discount, and, second, by tho aggre gate earnings of the federal reserve system, and that the rate should not be used as a weapon to deflate prices or discourage proper loans and com mercial transactions. “We, therefore, insist that the fed eral reserve officers and officers of the treasury department shall dis continue and desist from issuing statements of their opinion as to prices, and their attitude towards the trend of commercial events.” Recommendations The committee recommends that the rate of discount for the mar keting of the agricultural products be made as low as justified by a sound business and that the rate on a fixed or certain class of paper shall be uniform and that the rate be not changed during the period of crop marketing. If the federal reserve officers will take such ac tion at once, the report says “with particular reference to a more lib eral policy in extending credits for the encouragement of exports, we believe that the distress and unrest among the farmers of the country will be greatly relieved.” “Prices of commodities that farm ers receive will be determined by the law of supply and demand, if artificial and gainful advices and statements are withheld,” the report continues. “The question for these officials .(treasury and feleral re serve bank) to determine is what rate of interest and re-discount is justifiable under the law, and to leave the question of marketing and prices to the natural laws of com merce. “The people who sonsume our products are, or should be, vitally interested in the solution of these problems, for as long as we hhve a decadent agriculture we are sure to have increasing cost of living.” Financed Allies, Fail Farmers One of the striking passages in the critical resolutions adopted by the farmers’ conference was the conclu sion that: “The fact that we are facing prices today that are below the cost of production arises out of the fact that while the federal reserve system was found adtequate to finance our allies and ourselves during the great est upheaval the world, has ever seen, it has arbitrarily withheld from as sisting the basic industry of this country to maintain a level of prices that at least meets the cost of pro duction.” , * Ruinous prices, the cotton confer ence voted, were hot confined to the cotton industry, but prevailed in all branches of farming and W’ere 'prac tically similar and uniform.” Arriving for the cenference Wed nesday, Representative Aswell, of Louisiana, suggested additional leg islation to make it mandatory upon the reserve system to furnish finan cial assistance to agricultural and removing present discretionary pow ei “Currency legislation now gives discretion to the executive branch said Representative Aswell, and this discretion has been used against the farmer. I am inclined to th l" k that mandatory legislation is the only relief, and I know both branches of congress are friendly to agricul- U “We may demand things here for ten years and not get tkem the present conditions. There be legislation so that when the farm er offers his good security, it shall be mandatory upon the reserve sys tem to furnish him the financial as sistance to which he is entitled. May Fool Low Grades Indications were today that before adjourning the cotton conference would take some action favoring the pooling of low-grade cotton by the cotton growers in each state, such pooling to be followed by efforts to market the entire output in European countries. , The special cotton committee of the general conference had before it to day a resolution introduced by Fred Roberts, of Corpus Christi. Tex., rep resenting the United Cotton Growers association, calling upon producers to hold state conventions and form a Central body known as the “Cotton Growers’ Selling Commission. This commission, representing all growers and states, would be authorized to handle all low-grade cotton put into the pool and to make the best ar rangements possible for its sale in Europe. Assessments on a per bale basis would be made to cover ex penses. Mr. Roberts urged favorable action on his resolution as a mearre to early sale of the low grades, which sales would enable the farmers the better to hold higher grades for bet ter prices. Wholesale criticism of Secretary Houston and the reserve board which enlivened the late session Tuesday afternoon means that there will be a rather sensational threshing out of the differences between the farmers and the board. The conference, re maining in session until dark Tues day, heard various speakers unspar ingly condemn the withdrawal of credits on farm products. The charges against the board ranged that of “conspiracy,” made by former Senator Marion Butler, of North Carolina, to a statement by Senator Ellison D. Smith, of South (Carolina, that “it is none of the 'board’s business to attempt to fix prices.” Senator Smith hinted at a “farm ers’ strike” unless some relief is af forded. Senators Harris, of Georgia, and Overman, of North Carolina, called at the White House to ask the pres ident to see a conference committee Wednesday and to assemble his cab inet to hear the grievances. They were told that it would be impossi ble for the president to meet the committee, but the president would advise later regarding the calling of the cabinet. They returned and fled the that there a prob ability of presenting demands to cabinet members reserve board the foliowin Mean- while. the flow of he.. oratory at the farmers’ gathering continued. Board’s Folicy Scored The climax came when former Senator Butler charged the board with being in a conspiracy to con tract currency and deflate prices, re gardless of the disastrous effect on the producers. The policy of the board, he said, was criminal. J. J. McSwain, of South Carolina, recently nominated for congress in that state, challenged Mr. Butler to bring his conspiracy proofs , saying he believed the reserve board had made a serious mistake, but that they were honest. At this point, Albert Tumlin, banker and farmer of Cave Springs, Ga., partly took sides with Senator Butler by saying that Gov. McCord, of the Atlanta reserve bank, had told him as early as last January that this price reduction movement would come. “Governor McCord told me this was coming and it has come,” shout ed Mr. Tumlin. “Governor Well born knew about it, too.” “And so you claim they were in a conspiracy?” asked Mr. McSwain. “Well. I don’t say that, but I am merely stating a fact that they knew about this thing as far back as last January,” said Mr. Tumlin. “We have got night riders in Georgia* and day riders in Washing ton,” continued Mr. Tumlin. “Let me tell you there will be just half a crop in Georgia next year. I was told in Atlanta that the reserve board would lend money to make a crop but we couldn’t get money to hold it for decent prices. Some of the member banks in Georgia are paying and getting excessive inter est rates. I haven’t had to borrow it. thank Heaven. I would be willing to go broke tomorrow if these farm ers could be helped out of this hole. This organization here in Washing ton created to help the people is rob bing the people. I so wrote the president, attorney general, Secre tary Houston and the board. I have never seen such a situation in a free country.” Senator Smith Speaks During the visit of the committee to the White House, Senator Hoke Smith addressed the conference say ing that there was no excuse for the board not aiding agriculture. One object of the system, he said, was to bring seller and purchaser to gether at a time when the pur chaser wanted to buy—not to force the producer to sell at any price ob tainable. ‘We will not be able to see the president,” said Senator Smith. “I knew that when the committee was named. The president has seen only three senators sice he became ill a year ago. He did not even see Sen ator Simmons, selected by the Dem ocrats of the senate to confer with him about reservations to the peace treaty. But I am hopeful of get ting some action through the cabi net or the reserve board.” J. J. Brown, commissioner of agriculture of Georgia, chairman of a special committee to canvass the general farming situation, made a preliminary report late Tuesday “Our committee finds," said Mr. Brown, “that the same crisis as ex ists regarding cotton applies to all other farm products. Our commit tee is now preparing a statement of our case to present to the federal officials.” Representatives Gordon Lee, Chas. H. Brand and Tom Bell, of Geor gia, were members of the ‘Special committee, as was Senator Smith. A subcommittee on resolutions, head ed by Senator Smith, of South Caro lina, was named to prepare the state* ment. Represntative Upshaw, of Atlanta, reached the conference late Tues day, adding to the large Georgia rep resentation which included L. B. Jackson, chief of the bureau of mar kets. The Board’s Function That the farmer “can refuse to loosen up with a pound of cotton or meat or a bushel of wheat or corn unless we get relief,” was declared by Senator Smith of South. Caro lina, r in an address critical, of the reserve board. Senator Smith dis agreed with Former Senator Butler that the board had brought on a “panic,” but admitted that agri culture is in the midst of a grave crisis. “It’s none of the board’s busi ness to attempt to regulate prices and let s tell them so,” said Senator Smith. “If we want to hold for forty cent cotton and three dollar wheat, it is none of their affair. The board, under the law, is to pass on the eligiblity of paper for discount, not attempt to set prices of com modities.” S. H. Hobbs, of North Carolina aroused great interest when he re peated words used by President Wil son ea.rly in his administration, promising that there would always be currency to aid agriculture. "At that time,” he said, “Secretary McAdoo was about to issue emer gency currency to check a panic in 1913. I was one of a committee of three appointed by President Barrett, of the Farmers’ union, to see the president and ask for a large issue. The president .eaid then we would al ways have funds. I remember his words. He said: ‘Wall street is, try ing to bring on a panic at the begin ning of my administration. I owe nothing to Wall street, and shall pre vent it. There will never be a lack of currency to move the crops dur ing my administration.’ ” “Then why don’t we get it?” asked several delegates. “The usurpation of authority by government officials amounts to a crime,” Senator Butler said. “The reserve board has the power to sta bilize prices, but it is misusing it. There is a panic right now, and it has been made by that board,' the very power created to prevent panics. I say it is a crime, and I say it re gretfully and not vindictively.” Cotton Men Not Suffering Alone Charles S. Barrett, president of the Farmers’ union, who presided, asked Mr. Butler to discuss the tobacco sit uation in North Carolina. Mr. Butler said the situation in tobacco was just as serious as in cotton, wheat and other farm products. Withdrawal of credits, he said, "had brought about ruinous contraction in this govern ment campaign to bring down prices, which is hitting mainly the producer. Wall street could stop its panics; the federal reserve board is not stopping this one.” Delegates from cotton-producing stages from Texas to Virginia were in the meeting, and while cotton talk predominated, it was testified that all of farming were equally as concerned and as desperately in need of financial assistance. Maintaining the federal reserve board had both funds and authority to aid the farmer in the present crisis. Senator Smith, of South Caro lina. said the farmer had a right to hold his produce for higher prices anfl was entitled to financial assist afice. “Let’s say to the federal reserve board that it is none of their busi ness if we hold for forty-cent cotton and $3 wheat,” exclaimed Senator Smith. "The board has no authority to say which lines shall receive credit and which shall not. All I want them to do is to pass upon the eligibility of paper; they have noth ing to do with prices. "We will say these are our prices and stick to them. If we cannot get men who will protect these prices, we will not loosen up with a pound of meat, or cotton, or a bushel of THURSDAY, OCTOBER 14, 1920. wheat or corn. We ask no special favors, but we have rights under the federal reserve law and are going to demand them.” That member banks in the south and west are sending millions to Wall street to be loaned at high rates for speculative purposes, while the farmer is denied credit, was charged by several speakers. “There is a government drive to bring down the prices of farm prod ucts,” alleged W.\ J. Spillman, edi tor of a farm publication, “and this drive has brought wheat down from $2.50 to $1.60 a bushed. It is clear that the federal reserve board, back ed by Secretary Houston, is using its power to manipulate the markets. I want to ask ,if there is not some way to bring to the bar men who improperly use their power. What about malfeasance in office?” “Certainly they can be brought to account,” said former Senator Butler, amid applause. Senator Butler made several speeches, growing more intense with each. He attributed to the Aldrich monetary commission and the Taft administration most of the credit for the existing currency law, which, however, he said, was being arbi trarily administered by a board sup posed to represent the public, and not the moneyed interests. “I thought we came here for a dispassionate discussion of our trou bles, and not politics,” said Repre sentative Brinson. “I am sorry Senator Butler has in jected politics. I agree with some of the things he has said, including somewhat his criticisms of Secretary Houston, but we cannot get along unless we discuss this crisis dispas sionately.” Mr. Brinson asked if the currency law was the creature of Republicans, why so many of them voted against the bill. South Faces Heavy Loss The south is facing a loss of more than $500,000,900 on its cotton crAp, according to J. J. Brown, agricul tural commissioner of Georgia. Wheat growers of the west and central west are face to face with a similar probable loss due to the fall in the price of wheat, according to John Tromble, of Beloit, Kan., another delegate to the conference. Wheat sold at an average price of Statement of the ownership, management, circulation, etc., required hy the act of con gress of August 24, 1912, of The Atlanta Tri-Weekly Journal, published tri-weekly at Atlanta, ila., for October Ist, 1920. STATE OF GEORGIA—County of . ulton, ss: Before me, a notary public in and for the state and county aforesaid, personally ap peared John S. Cohen, who, having been duly sworn according to law, deposes and says that he is the President of The Atlanta Atlanta Tri-Weekly Journal, and that the following is, to the best of his knowledge and belief, a true stat'ement of .the owner ship, management (and If a daily paper, the circulation), etc., of the aforesaid publication for the date shown in the above caption, re quired by the act of August 24, 1912, em bodied In section 443, Postal Laws and Reg ulations, printed on the reverse of this form, to-wit: 1. That the names and addresses of the publisher, editor, managing editor, and busi ness managers are: Publisher, The Atlanta Journal Company, Atlanta, Ga. Editor, John S. Cohen, Atlanta, Ga. Managing ellitor, James R. Gray, Jr., At lanta, Ga. Business managers, Chas. D. Atkinson, business manager; Joltn A. Brice, secretary and treasurer, Atlanta, Ga. 2. That tlie owners are: (Give names and addresses of individual owners, or, if a cor poration, give its name and the name and addresses of stockholders owning or holding 1 per cent or more of the total amount of stock). Names and Addresses of Stockholders of The Atlanta Journal Company, Holding One Per Cent or More of the Total Amount of Stock October Ist, 1920. Common. Preferred. Mrs. Jas. R. Gray, Atlan- ta, Ga 334 70 1-3 James Richard Gray, Jr., Atlanta, (la. 629 13-18 Inman Gray, Atlanta, Ga. 629 1-2 24 1-6 Jennie Gray Pearce, At- lanta, Ga 604 1-2 12 1-6 Cordelia Gray Brumby, Marietta, Ga 604 1-2 II 1-6 Hattie Fannie Gallogly, Atlanta, Ga 604 1-2 9 1-6 Treasury Stock (See „ Note) 1,039 2-5 Estate of Morton Smith, Atlanta, Ga 541 1-3 1 2-5 John S. Cohen, Atlanta, Ga 500 Francis R. Hart and 1 Philip Dexter, Boston, Mass 400 Mrs. Harriet F. Brandon, Atlanta, Ga 334 11-18 53 FL H. Schaul, Atlanta, <Ja 250 6 John D. Simmons, Atlan- ta, Ga. ,201 20 John A. Brice, Atlanta _Ga 150 Estate of L. DeGive, At- lanta, Ga ♦... 18 1-3 140 Alex 0, King, Atlanta, Ga 100 3-5 Chas D. Atkinson, Atlan- ta. Ga 77 83 The remaining stock is owned by divers persons, none of whom own as much as *ne per cent. Preferred stock of the company has no voting power, being a 6 per cent stock, the dividends of which must be paid before any dividends are paid on the com mon, which is the voting or controlling stock. Total common stock, 5,750 shares. Total preferred stock, 2.450 shares. NOTE.—These 1.039 2-5 shares of pre ferred stock were bought with earnings of The Atlanta Journal Company and they are held in the treasury of the company as re tired securities. 3. That the known bondholders, mort gagees. and other security holders owning or holding 1 per cent or more of total amount of bonds, mortgages, 01 other se curities are: (If there are none so state.) This company has no bonds, mortgages or securities other than preferred stock as indicated. 4. That the two paragraphs next above, giving tlie names of tlie owners, stockhold ers. and security holders, if any. contain not only the list of stockholders and secur ity holders as they appear upon the books of the company, but also, in cases where the stockholder or security bolder appears upon the books of the companv as trustee or in any other fiduciary relation the name of the person or corporation for whom such trustee Is acting, is given; alst that <be said two paragraphs contain statements em bracing affiant's full knowledge and belief as to tlie circumstances and conditions un der which stockholders nnd security holders who do not appear upon the Looks of the company ns trustees, bold stock and securi ties in a capacity other than that of a hona fide owner; and this affiant has no reason to believe that any other person, association, or corporation has any interest, direct or in direct. in the said stock, bonds or other securities than as so stated by him. 5. That the average number of cop.es of each issue of this publication sold or dis tributed, through tho malls or otherwise, to paid subscribers dii’ ! -<r the six months pre ceding the date si above is 7M68 (This information is required from dally publications only.) JOHN S. COHEN. President. Sworn to c.nd subscribed before me this 9th day of October, 1920. (Seal.) B. F. BENNETT. My commission expires April 26th, 1924. $2.14 per bushel October 1, according to the agriculture department re ports. Cotton is now selling for twenty one cents a pound. “It costs 38.1 cents per pound to produce it,” said Commissioner Brown. “We’re going to lose SSO on every bale we sell at twenty-one cents. The crop this year will run more than 11,000,000 bales. Very little of it is sold. "If southern planters must sell their cotton at twenty-one cents, there will be many bankrupts in the south. The action of night riders who threaten to burn gins and crops of farmers who sell for twenty-one cents, does not represent the true sentiment of the south. Planters are law-abiding citizens. They’ll do the best they can under the circum stances. But we hope the circum stances will soon be more favorable.” “To produce wheat costs $2.77 a bushel.” said Mr. Tromble. “A price of $2.14, therefore, represents a loss of sixty-three cents per bushel. This is not in accordance with the law of supply and demand. There is a world-wide shortage. England is go ing to need to import 450,000,000 bushels. Most of it must come front the United tSates and Canada. But these two countries together will have only 320,000,000 bushels for ex port. There is no justification £or falling wheat prices.” To connect more adequately the western and southern sections of Philadelphia, Pa., the city is plan ning the construction of a massive $*1,000,000 bridge. A GREAT EGG PRO DUCER SENT FREE! GUTS 36 EGGS A DAY—4O HENS Mrs. A. Eustin, Hastings, Nebr„ writes: “I was getting hardly any eggs when I commenced using Ban dy’s Egg More Tonic. Now I am get ting 36, and sometimes more than 36 eggs a day from 40 hens.” You can do as well. COSTS YOU NOTHING TO TRY. Just send your name and address to C. E. Bandy, Poultryman, Parsons, Kans., and he will send you absolutely FREE and PREPAID a package of Egg More Tonic, just to convince you of what it will do. It will double this year’s production of eggs. Write for free package. (Advt.) No Experience Needed W?i.V Professional chine and complete outfits sold on Wl 'WW&. easy payments. Openings 'everywhere. Start now. Monarch Theatre Supply tw.V■ Co., Dept. 506, 420 Mar aifißMsiiasOlaiiJu-. u e t St., St. Louis, Mo. , SALES AGENTS wanted in every iTT-Trrll county to give all or spare time. Positions worth $750 to $1,5008 yearly. We train the inexperienced. Novelty Cutlery Co., Bar st., Canton, Ohio. Classified Advertisement WANTED HELP —Male. LEARN AUTO AND TRACTOR BUSINESS in 6 to 8 weeks. Opportunities every where offering $l5O to SIOO a month Twice more equipment and floor space used n daily practice training than any auto school In America. Master mechanic. Instructors and same method we used to train thousands of soldier mechanics in 60>day courses. Write now for free catalog. Raho Auto and Trac tor School, 2139 Oak st., Kansas City, Mo. MEN—We’ll teach you barber trade. Pay ing positions guaranteed; income while learning; students complete in four weeks. We own shops (white only). Write Jackson ville Barber College, Jacksonville, Fla. COLORED MEN taught auto and electrical engineering. Money-making possibilities unlimited. Fortune in easy grasp. 200 hair scholarships free. University of West renn., Memphis, Tenn. MEN—Age 17 to 45; experience unneees sary; travel; make secret Investigations, reports, salaries; expenses. American For elgn Detective Agency. 322, St. Louis. AUTO experts wanted, $45 week; earn while learning; sample lessons free. Franklin Institute, Dept. D-822, Rochester, N. 1. BE a detective, SSO-SIOO weekly; travel over world; experience unnecessary. American Detective Agency, 334 Lucas, St, Louis, BE A DETECTIVE —Excellent opportunity; good pnv, travel. Write C. T. Ludwig. 168 Westover bldg,, Kansas City, Mo. MEN wanted for detective work. Write J. Ganor, former govt, detective, 108, St. Louis, Mo. WANTED HEEP— Male-Female r for U. S. government life positions; $l2O-S2OO nißnth; vacation with pay; no strikes or layoffs; short hours; common education suf ficient; pull unnecessary. Write immediate ly for free list positions open. Franklin Institute, Dept. D-87, Rochester, N, Y. WANTED HEEP—FEMADE government positions; vacancies constant ly; write immediately for list positions open. Franklin . Institute, Dept. D-86. Rochester, New York. WOMEN-GlßLS—Become expert dress-cos tume designers, $45 week; sample lesson free. Write Franklin Institute, Dept. D-873, Rochester. N. Y. WANTED—Agent* WANTED''AGENTS—SeII wash ing tablets; washes clothes without rubbing; great seller; sample free. J. Johnson. 816 Greg ory, Greensboro, N. C. WANTED—BADE TOBACCO factory waiitsTsafesmen?~Ff3KAlO monthly and expenses for the right man. Experience unnecessary, as we give com plete instructions. I’iedmojit Tobacco Co.. M-17, Danville. Va. $1,200 Cash Secures Tobacco and Cotton. Farm 1,000 POUNDS fine tobacco, bale cotton to acre, also melons, turnips, oats, berries, fruit; near live Georgia R. R. town; 60 acres level fields, 2 crops yearly; 30 acres brook-watered pasture and wood, all-year grazing: fruit and beiries; 2 sets comfort able buildings; owner unable occupy, quick buyer gets it at $3,600, only $1,200 •'ash, balance easy terms. Details this and other farms Georgia, Florida, many other states page 49 Strout’s Big New Illustrated Lata log Farm Bargains. Just out. Copyvrree. STROUT FARM AGENCY, 255-RA Candler Annex. Atlanta. Ga. FOR SALE —Pure Sugar Horse and Porto Rico molasses, 75c per gallon, in 60-gai barrels, 10-gal. kegs. 85c. Davis Wholesale Co., Box 95, Columbia, S. C. MAGICAT GOODS. novelties, lodestone herbs, cards, dice. hooks. Catalog free. G. Smythe Co., Newark. Mo. SAW mills, shingle mills, corn mills, water wheels, engines DeLoach Co., 549, Ab Innta, Ga. More than half of' the employes of the Waltham watch factory are women, their small and agile hands being especially adapted to the del icate work required. A ton of cork occupies a space of 150 cubic feet, a ton of gold that of 2 cubic feet. OaUatay No money now—juat the coupon and we eenJ this smartly tailored skirt on approval—just to show you what Leonard-Morton values really are. A start 11ns bargain at our special price and you pay nothing— not a cent—unci! skirt arrives. If you don’t want to keep it, send it back and yuur money ia returned at once. You risk nothing. W Blue " imjMSerce fi||oaKskirt KSUkIB - Smartwt ■MM Bi ,7 ton trimmed Rafc Send iioupon iwiriße Price Lasts fffgk gain price. $1.69, and postage when skirt arrives. Compare with skirts at $3.00 or $3.50, and if not satisfied thatttiu is a bargain til at you simply must not miss, send It back and we will refund money. Don’t wait—send coupon today. Give your elxs. LEONArTmORTOn' &CO. a Dept792rChiuio Send me the handsome Serge Skirt No. BXI4OO. I will the bargain price, 11.63, arul postage on arrival. If not satis fied, 1 will return skirt and you will refund my money. Waist Length Name.... , f '“ ‘ \ ( Address FOB SALE—TREES PEACH AND prices to planters in small or large lots by express, parcel post or freight; 500,000 June budded peach trees; plum, cherries, pears, grapes, all kinds berries, nuts, etc.; shade and ornamental trees, vine* and shrubs. Free catalogue. Tennessee Nur sery Co,, Cleveland. Tenn. Autos For Sal ® SEVERAL 1918 FORD TOURING CARS Rebuilt, new tires, repainted; must be sold at once. 761 Whitehall st.. Atlanta, Ga. ('all for Johnnie Aikens ONE FORD WORM-DRIVE TRUCK ’ 1918 model, in A-l shape, new tires, chassis, panel or express body. 761 Whitehall st., Atlanta. Gn. Call for Johnnie Aikens. - F5.?A5 1 A8 Ms GOOD black cotton lands that produce larg est, finest crops. Railroads, schools, churches, good roads, ideal climate. Also land for every purpose. Write us how much land you want and terms. Railroad Farm Bureau. San Antonio, Tex. I'l’EF! GOVERNMENT LAND—2oo,oooacres _in Arkansas open for homesteading. Send 85c f - Homesteader's Guide Book and town ship map of state. Farm-Home Co.. Little Rock, Ark. WANTED—FARMS I HAVE cash buyers for salable farms. Will deal with owners only. Give descrip tion and cash price. Morris M. Perkins, Columbia, Mo. PATENTS t INVENTORS should write for our guide book, “How to Get Your Patent” tells terms and methods. )Bend sketch for our opinion of patentable nature. Randolph A Co,, Dept 60. Washington, D. 0. PERSONAE SEND for free trial treatment worst forms blood disease. Welch Med. Co., Atlanta. MEDIOAE PILES can be cured, no cutting, safe, pal*-' less. I will tell you about it free. Write Box 1168, Atlanta, Ga. PILES. ~~ FREE Information about painless pile mire. No knife. Box 1168. Atlanta, gL DROPSY ■ ihSTMEST T Sives quick relief. Dls- Ja tressing symptoms rapidly 'S&a JT disappear. Swelling and Jcte-- *■? short breath soon gone Often entire relief in 10 days. Never SKSkheard of anything its equal diwsy. A trial treatment sent r,y moil absolutely FREE dr " ho 'sas e. green Box 18. CHATSWORTH. GA. CAN c F Its successful treatment without use of the knife. 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