Newspaper Page Text
eASX X'UL JvsV sT7\Nt> - ~ -——
■■ tShn £X£., . lrxc™^e 0 r TT -™p e M
TlMe 70 Rescue XGRR\BLe DRAUGHT / r SLIP H VJHIL6I ANTHeR MEMBER’S \ s>lß'. A I
' \ THAT RICH GUY'S / |® -5g | N TUe eMTRANCe / . ( g HAT MAY BLOW OFF—WHY v -~—DRAUGHT IM / t//f,
MUTT ANTI I LTD FcR HIM. / g g -pAe club! I—,— The Re’s ajow : J THc euTfcAfoeG / > IT) .H
Mull AINU ■ MAV Be A |f[ g —j—- ~r - I rHe club JMB SwlfcS - uXy “‘ Wr
—" piece OF small/ - M g. =H _
JEFF- Jfe I '/M.
;W>zz. fer - - f / MM WwMBI
RIGHTO! 25r4 V 9 t-T MM ■>'■’■ .. cl. S' ZZw' ®LI Fr«»BBfflBr
this was - S<siK BIT
AN ILL WIND '- V -- -' *,'■.JhgFb TfcW'l m I
Augustus K-:.®.
MUTT - O'W»WT
w S i
BY BUD FISHER |i ™^ 1 Z~- ~
- -_ -" ' «gm>- ■* aa ‘*i ( ss- _ .zzssef
' »IZ? 7'mSS"- fi,
2.i . ! i&-. < X “ ' J:s(«r-.
■- __ . . ~-- -j •-•- 1 ■■'■■ '■ ■ 1 1 ■■"■ ■■'■■ ' '■>■■■ ■ "■' ■■■ ■ 1 ' "■-— 1 ■■ ■ .»i—- '■■ j 1 ■ 1 —J '■■ - • ■■■ ■ . . . • ' .
COTTON
NEW YORK, Oct. 15.—The cotton market
ahowcd renewed weakness at the opening to
day, first prices showing declines of 15 to 65
points, which carried the active months to
' new low records. December broke through
the 20c level, selling at 19.90 c, while Jan
uary touched 19.10 c in response to weak Liv
erpool cables, nervousness over the British
coal situation, good weather in the belt,
continued hedge selling, and the statement
of Secretary Houston with reference to
financing commodities held for higher prices.
There was heavy covering at the decline,
however, and prices showed rallies of 30 or
40 points from the lowest of the first half
hour.
The midmorning rally extended to 20.35 c
for December and 19.65 c for January, or
about 45 to 50 points above the early low
level. Some trade buying was reported,
but sentiment was unsettled by conflicting
reports concerning the British coal situa
tion and the announcement of another cut
in the price of one of the leading brands
of cotton goods. This reflected in renewed
selling as soon as the profit-taking of shorts
subsided and the market later in the morn
ing was less active, with prices sagging
back to nearly the previous low point.
No improvement was reportM in the spot
demand, but a smaller volume of hedge sell
ing was attributed to more general holding
by growers in. the south and some trade
" buying was reported on the decline.
This gave the market rather a steadier
tone during the afternoon, and business was
comparatively quiet around 2 o'clock, with
prices ruling about 53 points lower to 5
points net higher.
NEW YORK 00TT0N
The following were the ruling prices la
the exchange today:
Tone, easy middling, 22c, steady.
Last Prqv.
Open High. t*>w. Sa'- "’»« Close.
Jan. .. 19,15 19-.90 19.10 19.58 19.50 19.75
Mar. ~ 19.05 19.68 19.00 19.31 19.30 9.45
May .. 9.0i5 19.65 19.00 19.23 19.23 10.35
July ~ 18.95 19.30 18.90 18.95 18.95 ....
Oct. .. 20.31 20.52 20.21 20.21 20.10 20.66
Dec. .. 20,10 20.45 10.90 20.00 20.00 20.50
•NEW ORLEANS COTTON
NEW ORLEANS, Oct. 15.—Poor cables and
the announcement of four days’ run
ning time for English mills caused an early
drop of 49 to 72 points in the price of cot
ton today, which carried December off to
19.18 c. Very bad weather in the western
belt, with rainfall up to nearly 8 inches,
Tnyler, Tex., reporting 7:86 inches, and the
■ fear that the rains would spread to the east-
■ era belt, caused a buying wave and substan
tial recoveries, so that at the end of the
first honr of business prices were at a net
loss of 9 to 23 points. The continued re
fusal of government banking officials to aid
the holding movement among growers seemed
to prevent the market from gaining any real
«trength.
• Cablegrams from England saying that the
eoal strike would go into effect tomorrow
caused fresh selling under which the mar
ket fell off to about the lowest levels
again. Realizing by shorts set in and at
11 o’clock net declines amounted to 20 to
33 points.
The rumor that President Wilson had or
dered an investigation of agricultural con
ditoins in this country was received favor
ably and prices bulged to levels 10 points
under to 11 points over the close of yes
terday, December trading np to 19.90 c. In
the last quarter hour of the day the mar
ket softened under fear of what tomorrow
would bring in the coal alt'ke situation in
England and prices fell off about 50 points
from the highest.
NEW ORLEANS COTTON
The following were the ru.L "c-es in the
exchange today:
Tone, easy; middling, 20.25 c, quiet.
Last Prev.
Open High. Ix>w. Sale. Close. Close.
Jan. .. 10.15 19.48 18.80 19.05 10.02 19.58
Mar. .. 18 93 19.26 18.70 18.85 18.85 19.30
May .. 18.65 19.16 18.56 18.60 18.60 19.05
July .. 18.44 18.88 18.35 18.35 18.35 18.83
Oct. .. 20.00 20.14 20.00 20.14 20.10 20.50
Dec. N 19.52 19.90 19.18 19.38 19 »’ 19.90
NEW ORLEANS SPOT COTTON
NEW ORLEANS. Oet.\ 15.—Spot cotton,
’ Steady. 50 points lower. Sales on the spot,
1.506* bales: to arrive. 1,380; low middling,
13.75 c; middling, 20.25 c; good middling.
32.5 c; receipts. 4,546; stock, 227,257.
SPOT COTTON MARKET
Atlanta, steady, 21c.
New York, quiet, 22c.
New Orleans, steady, 20.25 c.
Philadelphia, steady, 22.25 c.
Norfolk, steady, 20.50 c.
Savannah, steady, 22.25 c.
St. Louis, steady, 22.50 c.
Houston, steady, 21c.
Memphis, steady, 21c.
Augusta, steady. 21.63 c.
Lfittle Rock, steady, 21.50 c.
Dallas, steady, 20.60 c.
Mobile, steady, 20.75 c.
Charleston, steady, 22c.
Wilmington, steady. 21c.
Boston, steady, 23c.
' Galveston, steady, 22.30 c.
ATLANTA SPOT COTTON
Atlanta spot cotton 21c
Receipts
Shipments 755
Stocks 12,751
AMERICAN COTTON
AND GRAIN EXCHANGE
COTTON QUOTATIONS
The following were the opening, highest,
foweet, close and previous dose quota
tiona on the American Cotton and Grail
txebange of New York:
Open. High. Low. Close Close
Jan 19.40 19.90 19.10 19.50 20.75
March".. 19.15 19.68 19.00 19.30 19.55
Mav ... 19.15 19.65 19.00 19.20 19.40
Oct .... 20.31 20.52 20.21 20.21 21.66
Dec 20.25 20.45 19.90 20.00 20.55
LIVERPOOL COTTON
Tone, steady; sales, 4,000; good middling,
17.92 d.
Prev.
Open. Close. Close.
January 1420 H-S2
February 14.1- 14.41
March 13.90 14.03 14.31
¥„ ril 14.81 14.95 14.20
M„v 13.78 13.88 14.10
L June 13 70 14 01
’ Jnly 13.60 13.71 13.91
August’ 13.56 13.73
*Tur bpr ..r::::..Um K
November .... 14.20 14.24 14 57
December .'..... 14.24 14.24 14.56
LIVERPOOL COTTON STATISTICS
LIVERPOOL. Oct. 15.—Weekly cotton
Statistics: • „ . ,
Total forwarded to mills, 39,000 bales, of
which American was 34,000.
Stock, 812,000 bales; American, 450,000
bales; imports. 27.000 bales; American 18,-
000 bales; exports. 4,000 bales.
ATLANTA COTTOLSEID PRODUCTS
MARKETS
(Corrected by Atlanta Commercial Exchange)
Crude oil basis prime, tank
lots ■ $ 8.00 $ 8.25
Cotton seed cake, 7 per cent
car lots 34.50
C. S. meal. 7 per cent am-
monia, car lots 42.00 44.00
. C. S. tneal. Ga. common
rate point, car lots 42.00 44.00
Cottonseed hulls. sacked.
car lots ~. 16.00 18.00
Cottonseed hulls, loose, car
lots 12.00 14.00
Linters, first cut. high-grade lota, 4<jj6c.
' Linters, clean, mill run, 2@3c.
Linters. No. 3. l@l%c.
THE ATLANTA TRI-WEEKLY JOURNAL.
GRAIN
t CHICAGO, Oct. 15.—Absence of export
■ demand in the United States, together with
i word that government pressure was being
> brought to bear in Canada to increase the
i crop movement there, had a depressing
• 1 effect today on wheat prices here. Opening
• quotations, which ranged from %c to 2c
i lower, were followed by a slight sag and
then by a fresh downturn lower than before.
: Wheat closed excited, 8% to 10% higher,
i Corn was easier with wheat. •
Corn closed strong, 2 to 3&c net higher.
Oats were relatively steady but dull.
-Higher quotations on bogs strengthened
! provisions.
CHICAGO QUOTATIONS
The fol’swlng were the ruling prices in
the exchange today:
Prev
Open. High. ■ Low. Close. Close
WHEAT—
Dec 2.06 2,21 2.05 % 2.17% 2.07%
: Mar 2.03 2.15 2.00% 2.12% 2.03%
1 CORN—
Oct 89 92 % 89 92 % 89
1 Dec 86% 90 85% 89% 86%
' May .... 90% 93% 89% 92% 90%
DATS—
Dec. .... 56 57% 55% 57% 56
May .... 60% 62 60 % 61% 60%
FORK—
Oct 25.00 23.50
Nov 26.00 23.50
LARD—
Oct 20.50 20.62 20.45 20.62 20.45
Nov 20.17 20.25 20.20 20.20 ....
Jan 17.40 17.47 17.25 17.47 17.30
RIBS—
Oct. 17.00 17.25
Jan 15.50 15.55 15.45
RECEIPTS IN CHICAGO
Today.
Wheat 21 cars
Corn 163 cars
Oats 118 cars
Hogs 16,000 head
CHICAGO CASH QUOTATIONS
CHICAGO. Oct. 15.—Wheat, No. 1 hard.
2.17% @2.10%; No. 3 mied, 2.14@2.15.
Corn, No. 2 mixed, 91%@93%; No. 2
yellow, 93%@95%.
Oats, No. 2 white, 55%@55%.
Rye. No. 2. $1.706@1.71%.
Barley, 90@1.05.
Timothy seed, 5.00@6.50.
Clover seed, 12.00@20.00.
Pork, nominal.
Lard. 20.72.
Ribs, 17.00@18.50,
ST. LOUIS QUOTATIONS
ST. LOUIS, Oct. lu.- —Cush wheat: No. 2
red winter, $2.39; December, $2.18% bid;
March, $3.13%.
Corn—No. 2 white, 93%c; December, SB%c;
May, 92%c
Oats—No. 2 white, 57%c; No. 3, 57@57%c;
December, 57%c; May. 62% bld.
GRAIN MARKET OPINIONS
Bartlett, Frnzier & Co.: We prefer sales
of corn on rallies.
Hnrlburd, Warren & Co.: We look for
steady pressure of corn on tbe market, with
free selling on advances.
Harris, Winthrop & Co.: We believe all
hard spots should be regarded as favorable
selling opportunities.
CHICAGO PRODUCE MARKET
CHICAGO, Oct. 15.—Butter: Creamery ex
tras, 54%c; creaemery standards, 52c; firsts,
45@53c; seconds, 40@42c.
Eggs—Ordinaries, 40@’55c; firsts, 57%
@sß%c. \
Cheese—Twins, 25%c; young Americas,
26c.
Potatoes—6B cars; Wisconsin and Minne
sota (per 100 lbs,), $1,60@1.75.
COTTONSEED OIL MARKET .
Opening. Closing.
Spots 11.00 bid
Jan 12.02@12.04 11.84@11.87
Feb 12.02@>12.15 11.87@11.91
Mar 12.03@ 12.07 11.95@11.97
April 12.00@12.10 11.95 12.10
May 12.10@12.20 12.08@12.15
Oct 11.25@12.00 11.40@11.75
Nov 11.30@11.80 11.35@11.50
Dec 12.08@12,1l 11.80@11.84
Tone, steady; sales 21,400.
SHEPARD & GLUCK COTTON LETTER
NiSv ORLEANS. Oct. 15.—Reports that
the cool strike in England would go into ef
fect tomorrow had a depressing effect on
cotton today, offsetting the influence of ver
heavy rains in the westerrn belt and pros
pects of unsettled to rainy weather over a
considerable area of tne cotton country, but
after mid-session some steadiness was nc r
quired oh the rumor that President Wilson
had ordered an Investigation into agricul
tural conditions in tills country. With the
news so conflicting it looks like a trading
market for the near future.
NEW YORK COFFEE MARKET
Close.
January 6.00<W6.50
February 6.67@f1.73
March 6.95@f1.96
April 7.00@7.11
Mav ...I 7.24@7.25
June 7.7@7.40
July 7.53@7.55
August .... 7.63@7.65
September .... 7.73@7.75
October .. 6.00@6.05
Novemeber 6.00@6.15
December •.. 6.25@f1.26.
NE WYORK, Oct. 15.—Spot coffee, 6%c.
NEW YORK PRODUCE MARKET
NEW YORK, Oct. 15, —Flour, quiet and
unchanged.
Pork, steady; mess. $30.00@31.00.
Lard, firmer; middle west spot, $21.35@
21.45.
Sugar, law, dull; centrifugal, 96 test,
8.09! refined, dull; granulated, 11.00.
Coffee. Rio No. 7, on spot, 7c; No. 4 San-
, tos. 11%@12e.
Tallow, steady: specials, 9c; city, Bc.
Hay, steady; No. .1, $1.80@1.90; No. 3,
$1.60@1,65; clover, $1.30@1.85.
Dressed poultry. Irregular: chickens, 32@
50c; fowls, 26@42c; ducks, Lond Island. 38c.
Live poultry, irregular; geese. 25c; ducks,
25@28c; fowls, 20@32c: turkeys. 40c; roost
ers, 20c; chickens, broilers, 2fl@2Bc.
Cheese, unsettled: state milk, common to
specials, 20@29c; skims, common to specials,
10@ 20c.
Butter—Steady; receipts 267: creamery,
extra. 59@59%c; do. special market. 60@
60%c; state dairy, tubs: imitation cream
ery, firsts, 42@50c, nominal; Argentine,
47@50c.
, Eggs—Unsettled; receipts 11,385; near-by
white fancy. $1.03@L05; near-by mixed
fancy. 58@84c: fresh firsts, 63@71c; Pa
, eific coast, 65c@51.00.
> NAVAL STORES
SAVANNAH, Ga., Oct. 15.—Turpentine,
nothing doing: last sale October 9, $1.19; re-
I ccipts, 232: shipments. 26; stork, 21,063.
i Rosin. sales, 529: receipts, 036; ship
! ments, 70fr stock, 48,901. Quote: ,B. D. E,
’ F. G, H. 1..K. M, N, window glass, $10.85;
; water white, .<10.87%.
NEW YORK SUGAR MARKET
Close.
1 January 7.77@7.80
. February 7.55@7.fi0
c March 7.55@7.60
, April 7.60@7.70
May 7.75 @7.80
October 7.80@7.90
November 7.80@7.90
December ........ 7.80@7.85
. NEW YORK. Oct. 15.—Raw sugar, rom
' lf»r. Refined, steady and unchanged. Fine
j granulrited, 11 cents.
Liberty Bonds
NEW YORK, Oct. 15.—Liberty bonds
) closed:
3%’s .$ 92.40
1 First 4’s 89.30
Second 4’s 89.10
J First 4%’s 89.70
Second 4%’s 89.30
) Third 4%’s 90.80
. Fourth 4%'s 80.34
Victory 3%’s 96.12
Victory 4%’s 96.06
Cotton Consumed During September
457,647 Bales vs. 491,069 Last Year
WASHINGTON, Oct. 14. —Cotton consumed during September
amounted to 47,647 running bales of lint and 37,121 bales of
linters, the census bureau announced today.
Consumption in September last year was 491,069 bales of lint
and 23,182 of linters.
Cotton on hand September 30 in consuming establishments
amounted to 907,288 bales of lint and 256,665 bales of linters, com
pared with 1,067,970 lint and 251,102 linters on September 30 last
year; in public storage and at compresses 2,792,152 bales of lint
and 341,975 linters, compared with 2,502,307 of lint and 227,185
of linters.
Imports during September were 20,004 bales, compared with
54,342 a year ago.
Exports were 228,068 bales, including 1,445 bales of linters,
compared with 236,694 bales, including 3,683 of linters in Septem
ber a year ago.
Cotton spindles active during September numbered 34,040,806,
compared with 34,219,991 in September a year ago.
WILSON SEEKS
FULL DATA ON
WHEAT DECLINE
WASHINGTON, Oct. 15.—Presi
dent Wilson has requested Governor
Allen, of Kansas, to forward to the
federal trade commission any infor
mation he has tending to indicate
that the recent decline in wheat
prices was due to unfair practices,
or competition or to other artificial
causes.
A letter to this effect sent today
by Secretary Tumulty was in answer
to many appeals for government ac
tion looking to an embargo on Cana
dian wheat. These were referred
sometime ago to the commission and
the department of agriculture. Mr
Tumulty’s letter to Governor Allen
said:
“The president has received your
telegram of October 6 with •reference
to the wheat situation, and has re
ceived a number of others of similar
tenor. He fully recognizes the im
portance of the questions you raise,
and he has, therefore, reqquested the
federal trade commission and the
department of agriculture to look
into the matter at the earliest pos
sible moment with a view to deter
mine what, if anything, can be prop
erly done. In the meantime, he will
appreciate it if you will be good
enough to forward to the federal
trade commission any information in
your possession, which, in your
opinion tends to indicate that the re
cent decline in wheat prices is due
to unfair practices or competition,
or to other artificial causes.”
WHEAT ADVANCES AFTER
QUERY BY WILSON
CHICAGO, Oct. 15.—Wheal wi'e
a big advance in price today, after
news became public that President
Wllso asked Governor Allen,
of Kansas, for information which
might indicate that the recent big fall
in the value of wheat was due to any
artificial cause. December delivery
ran up 13 to 13 1-4 cents, to $2.21,
and closed unsettled at $2.17 1-2 to
$2.18 L 2.
Atlanta Live Stock
(Corrected by the White Provision Com
pany)
Good to choice steers, SSO to 1,000 pounds,
$8.50@,9.50.
Good steers, 750 to 850 pounds, $7.50@
8.50.
Medium to good steers, 750 to 850 pounds,
$7.00@’8.00.
Good to choice beef cows, 750 to 850
pounds? $6.50@7.00.
Medium to good cows, 650 to 750 pounds.
$5.50@6.50.
Good to choice heifers, 550 to 650 pounds,
$6.00@0.50.
The above represents ruling prices os
good quality fed cattle. Inferior grades and
dairy types quoted below:
Medium to good steers, 700 to 800 pounds,
$6.50@7.50.
Medium to good cows, 600 to 700 pounds,
$5.00@0.00.
Mixed common cattle, $3.50@4.50.
Good fat oxen, $5.00@6.00.
Good butcher bulls, $4.00@6.00.
Choice veal calves, $5.50@6.50.
Yearlings, $4.00@4.50.
Prime hogs, ICS to 225 pounds? $14.25@
14.50.
Light hogs, 120 to 165 pounds, $13.25@
13..’>0.
Heavy pigs, 100 to 130 pounds, $12.25@
12.50.
Light pigs, 80 to 100 pounds, $11.25@
11.50.
The above applies to good quality fed
hogs.
LIVE STOCK BY WIRE
CHICAGO, Oct. 15.—Cattle —Receipts,
6,000; market dull; few sales made at steady
prices; top, $17.75; bulk, good and fairly
choice, $15.50@17.40 grassy kinds, draggy,
$9.00@14.50; butcher cows, draggy and un
even, $5.50@9.75; common heifers, weaker;
canners, $3.75@4.25; bologna bulls, $6.00@
0.75; calves, steady; choice vealers, $15.00
@15.50, mostly; top, $16.00; Stockers and
feeders, steady. Receipts westerns and
Canadians, $15.00; market slow, steady.
Hogs—Receipts, 16,000; active, mostly 15
to 25c higher than yesterday’s average;
common grades up most; top. $16.00; bulk
liglit and butchers. $15.50@ 15.95; bulk
packing sows, $14.35@14.65; pigs, mostly
! steady to 25c lower.
Sheep—Receipts, 7.000; fat stock steady;
I top native lambs, $12.25; hulk, sll.oo©
! 12.00: mostly choice westerns on sale, best
quotable. $13.00: top native ewes, $6.00;
bulk, $5.25@5.75; sheep, steady.
EAST ST. LOUIS, Oct. 15.—Cattle—Re
ceipts, 20,000; no early sales: heifers, easy;
canners, cows, steady, at $3.25@3.75; bulls,
slow; calves. 50c lower; good and choice
vealers, $15.00@15.50.
Hogs—Receipts, 7,000; steady: top. $1615;
bulk, liglit and medium weights, $15.25@
16.00; bulk, heavies. $15.10@15.90.
Sheep—Receipts 6,500, steady; top lambs,
$1.50; bulk. $10.00@1.00; top ewes $5.50;
bulk. $4.00@5.00.
LOUISVILLE, Ky.. Oct. 15.—Cattle: Re
ceipts 200. slow and lower; prime heavy
steers, $10.00@12.00: beef steers, $7.00@
10.00; heifers. $6.00@9.50; feeders, $7.00®
10.50: Stockers. $5.00@'9.00.
Hogs—Receipts 750; steady: 165 pounds
np, $15.75; 120 to 165 pounds, $15.00; 90
to 120 pounds, $11.25 : 90 pounds down,
$9.75; throwouts, $11.50, down.
Sheep—Receipts 100, steady; lambs, $11;
sheep, $5.00 down.
HARDING BACKED
BY AMERICA’S FOES,
ACCORDING TO COX
COLUMBUS, 0., Oct. 15.—Severe
arraignment of forces which he said
were supporting Senator Harding
was made by Governor Cox here to
night in an address at the state fair
grounds coliseum, closing a stren
uous day of campaigning in his home
state.
“The candidate of the senatorial
ring has behind him today the most
motley array of questionable groups
and influences that ever were behind
a Candidate—an array that to sur
vey brings tffe crimson blush of hu
miliation to an American,” the Demo
cratic presidential candidate de
clared. .
More than a dozen “parties,” in
cluding the “pro-German,” the “Afro-
American," the “anti-League of Na
tions,” the “profiteer,” the "Liberty
bond speculators,” and other alleged
groups are backing Senator Harding,
the governor asserted. Emphasiz
ing that special racial group appeals
were being made, Governor Cox said
that the Afro-American movement in
cludes “false claims that it can bring
social equality,” ,
ENCOURAGING NEWS
FROM WASHINGTON
GIVEN TO FARMERS
(Continued from Page 1.)
strued as a most favorable augury
in the cotton movement.
Committees Appointed
Following the announcement of the
attitude of Georgia spinners, Presi
dent R. W. Mattox, of the Georgia
divj«’«pr American Cotton as-
sociation, who presided over the
meeting, announced the following
committees:
On resolutoins—J. J. Brown, J. S.
Milner, M. L. Johnson, E. J. Nolan,
H. L. D. Hughes.
On export corporation—Martin F.
Amorous, W. L. Brown, W. A. Bran
an, J. T. Freeman, Dr. L. G. Hard
man, J. A. Moss, W. O. Bobo, J.
Frank Harris, J. W. Andrews.
On co-operative marketing—Har
vie Jordan, L. B. Jackson, W. T.
Bennett. Gordon Wilson, J. P. Wise,
Jr.
On cotton acreage—Young Gray,
J. Robert Mitchell, A. N. Brown, A.
C. Moreland. C. L. Howard.
The meeting was attended by a
gathering which practically filled
the seating capacity of the house of
representatives in the state capitol.
It included prominent farmers, mer
chants, bankers, cotton manufactur
ers, newspaper editors and others
from all parts of the state.
Among those present were the fol
lowing:
Paul Flynt, farmer, Spalding coun
ty; C. A. Cobb, editor Southern Ru
ralist, Atlanta; J. P. Walker, plant
er, Spalding county; O. B. Walker,
planter, Spalding county P. E. Glenn,
secretary and treasurer of the Geor
gia Cotton Manufacturers’ associa
tion; Allen Smith, cotton manufac
turer, Griffin: W. H. Chapman, farm
er, Bartow county; J. A. Dean, farm
er, Houston countp; C. A. Adams,
merchant, Thomas county; B. F.
Johnson, Atlanta, paint manufactur
er; J. A. Brown, merchant and farm
er, North Carolina; Martin Amorous,
formerly mayor pro tern of Atlanta,
now a * prominent planter of Cobb
county; W. L. Brown, farmer and
cotton merchant, Gwinnett county;
T. Bunn, farmer. Ware county; G.
W. Patrick, farmer, Spalding coun
ty; M. L. Johnson, farmer and leg
islator, Bartow county; C. L. How
ard, merchant and farmer, Ogle
thorpe county; A. T. Jones, farmer.
Mitchell county.
A. C. Moreland, fanner and real
estate man, Monroe county; J. M.
Whitten, farmer, Carroll county; J.
Frank Harris, banker, Thomas coun
ty; J. E. Pierce, farmer, Carroll coun
ty; H. L. D. Hughes, farmer and
banker, Twiggs county; B. G. West
moreland, farmer, Henry county;
Haynes McFadden, Atlanta, secretary
of the Georgia Bankers’ association;
T. C. Jeffords, farmer and banker,
Worth coupty; C. F. Duffee, farmer,
Clayton county, and H. F. Braselton,
farmer, merchant and banker, Jack
son county.
No Booze, No Guilt,
Criminal Court Holds
Inability of the police to produce
liquor, taken as evidence, won lib
erty for Margaret Speech in the city
criminal cqurt Wednesday. It was
claimed by the prosecuting officers
that they found a quantity of whisky
in a coffee ca nin the negro woman’s
home. The attorney for the negress
asked that the whisky be produced
in court. The officers brought forth
a nempty coffee can, but no whisky
and the jury acquitted the woman
on the ground there was no evidence
against her.
UNWILLING TO LEND
MONEY TO SUSTAIN
HIGH PRICE LEVELS
(Continued from Faga 1.)
a government agency which would
Investigate the paper they offer,"
said Senator Smith.
Mr. Wannamaker failed to state
whether he approved of this govern
ment’s borrowing money to loan Ger
many to buy American cotton when
pressed for an answer by Secretary
Houston. Houston said he had work
ed for eight years to establish ag n
cies which would make marketing of
crops easier and more profitable to
the farmer.
Farm products now are moving
abroad at a quick rate, Mr. Houston
showed by quoting ( export figures
collected by the commerce depart
ment which showed, he said, that
during the first eight months of this
shipments alone totaled
$1,140,000.
Failing to hear from the president
regarding their reQuest for a special
session of the cabinet to receive their
complaints, following an unsatis
factory conference with Governor W.
r « j Harding, of the federal reserve
board, the delegates to the cotton
conference in session here, were in
an unsettled and indignant frame of
mind today.
tJ'J Ve e Sl jK n ‘P 8181 that the secre
tary of the treasury desist from
making public statements that prices
are falling,” said Charles S Bar
of the national board
of thirty farm organizations which
convened the conference here.
rmers not ashing special
privileges. We re merely isking that
the government through the treas
ury or the federal reserve bank make
it possible for us to obtain loans
from banks vitally needed. Bankers
J oan money on crops because
of the danger of falling prices. This
is a state of mind resulting from
statements and predictions by gov
ernment officials that prices are fall
ing.”
The farm officials today also plan
ned to confer with Secretary of Ag
riculture Meredith.
Mr. Barrett said it is likely a per
manent committee will be left here,
when the national conference ad!
journs, to watch the economic situa
tion, and work for the agricultural
interests.
The delegates hoped as they met
that they would be granted a hear
ing before the full membership of
the federal reserve board and its
agents, assembled for the board’s
regular fall policy conference. They
desired to present their arguments
before the board formulates its poli
cy in so far as it affects credits to
farmers.
“An orderly process of marketing,”
was a practical ultimatum delivered
to the farmers’ conference late Wed
nesday afternoon by Governor W. P.
G-. Harding, of the federal reserve
board, when a committee of two
score members called to demand
emergency financial assistance for
the agricultural interests of the
country.
This visit of the so-called cotton
conference commimttee, appointed by
a conference representing not only
cotton but also wheat, tobacco and
other agricultural industries, called
at the treasury department after the
a on resolutions denunciatory
reser ve board and the treasury
department for restriction r' Credit
on products. the
resofutinna na ‘L? tio '’ adopted strong
re solutions ca”'ng for a reduction
of cotton production next year and
demanding federal assistance in the
endeavor of wheat farmers to hold
h ML?i rOps /< Or a 13 a bushel price
Meeting Governor HardinL at’ 1
o’clock, the sense of the farmers’
ato£ e F n D a ?,, c , om munlcated by Sen
aior r>. Smith, of South Carnllm
who yielded the floor abruptly when
Governor Harding informed P him that
initial! 1 b 9 u P a £ let 0 &>ve any def
™L te before next Saturday
tkfnai d rates and addi
ional financial aid for agriculture
statement Promised Saturday
Governor Harding explained that
there was now meeting in Washing
ton members of the federal reserve
board and governors of the reserve
system to consider the general ques
tion of credits, covering agriculture
and other industries, and it would be
presumptuous for him to forecast
what this conference would do re
garding rediscount rates and other
matters. He promised a statement
not later than Saturday.
„ “In that event,” said Senator
Smith, “it is useless of me to con
tinue my argument here today.”
Governor Harding said that sec
tion 11 (eleven) of the reserve act
makes certain stipulations regard
ing reserve requirements and that
most banks in the cotton section were
below these reserves. If these re
serves were exceeded, he said, under
the law there must be increased rates
of discount, and Cleveland, Boston
and other sections must furnish the
money for such rediscount.
Senator Smith observed that John
Skelton Williams, comptroller of the
currency, had recently reported an
increase of Currency by $2,500,000,-
000.
“Well, go to him • and find out
where this is,” said Governor Hard
ing, with considerable asperity, “I
have never made any such state
ment.”
Senator Smith asked if the federal
reserve board could not lower the
rate of discount so that confidence
might be re-established in agricul
ture districts, and if the extra rate
might not be waived under the law.
“Members of the board and of
ficers of reserve banks are now in
conference,” said Governor Harding.
“We will be in conference until Fri
day. We hope to announce on Sat
urday a definite policy with regard
to this entire question and covering
the remainder of the year. lam au
thorized to make no statement today
regarding rediscount rates or other
matters.”
Following this, Governor Harding
made an analytical statement of finan
cial conditions in Europe and Amer
ica, aijd addressing the cotton, wheat
and other agricultural products men
present, he concluded with this ob
servation.
Haftling Advises “Orderly Mar
keting”
“All thiis talk about ruin in the
agricultural districts is not helping
the situation. I know that crops
were produced at great expense and
probably will have to be sold at a
loss. The federal reserve board has
not five cents to loan and the same
applies to reserve banks. The sit
uation, primarily, is up to the mem
ber, bankers. I admit that it is not
good banking if a member bank is
unable to loan on the basis of the
principal industry in its community.”
“How can you say that?”, inter
rupted Senator, of South Carolina.
"When (statement after statement
comes from high officials here in
SATURDAY, OCTOBER 16, 1920.
Washington that prices are going to
break and the member bank natural
ly holds its money waiting for bot
tom prices?”
“Take that up with whoever made
that statement,” said Governor
Harding. “I did not make it. The
federal reserve board is in favor of
orderly marketing.”
“Does that mean selling below cost
of production?” inquired L. B. Jack
son. of Georgia.
“Orderly marketing," said Gover
nor Harding, “is meeting the market
halfway and selling even at a loss
In the end the average price will
pull you out. Keep your products
going and do not attempt to hold the
whole thing back and to borrow
money that will tie the whole crop
up.”
Governor Harding informed the
farmers’ conference committee that
he was a “southern man" and thor
oughly in sympathy with the pres
ent predicament of farmers, but that
there were certain legal restrictions
regarding tne functions of the fed
eral reserve board.
“All the abuse and criticism di
rected at the federal reserve board
does not affect me any and neither
prejudices me for or against the
farmer,” said Governor Harding.
“The policy of the board has been
grossly misunderstood and In some
cases grossly misrepresented. This
board has attempted no policy of
deflation. It is true that in the var
emergency there were artificial low
rates to aid in the floating of gov
ernment bonds. The interest rates
were raised last January. Meanwhile,
we have tried to stop speculative
loans and to curtail the loans on
Liberty Bonds and have brought
about a reduction of about $490,000,-
000 in bond loans during the last
year, and brought about a reduc
tion of about a billion in speculative
loans.
“You must recall there has been
a great cry in this country about
the high cost of living, and the over
all movement, as I recall, originated
somewhere down south. Probably it
should be admitted that prices were
too high during the war period ind
that they are too low in some In
stances at present . . . But I see
that down in my section the night
riders are operating, and how cai
you ask us to restore confidence?
Folks are not anxious to loan money
in communities where this night
riding is allowed.”
Hoke Smith's View
Senator Smith, of South Carolina
who was Introduced by Senator Hoke
Smith, of Georgia, in charge of the
arguments for the farmers’ confer
ence committee, had previously ob
served that in the south banks were
chary about, and in some instances,
refusing farm products loans.
“This condition is natural,” com
plained Senator Smith, “when men
in high places here in Washington
are issuing statements that the peaix
has been reached in prices, that
prices are bound to fall, and when
nothing is being done to help the
poor devil who is producing.”
Senator Smith said that a manu
facturer might reduce prices and
pass the burden along to some one
under him, whereas a farmer when
hit by ruinous prices must stand it
alone.
The conference at the treasury de
partment with Governor Harding,
who said the entire board could not
be presnt, followed a day of intense
oratory at the second session of the
farmers’ conference.
Barrett’s Warning
The climax of Wednesday’s ses
sion was reached when Charles S.
Barret, president of the Farmer’s
«nia«i. exclaimed:
“Unlfes- J’s get relief, hell is go
ing to break iot«vc hi this country. I
am not a radical, but a conservatiw.
an optimist. A man is a fool to
warn anybody, but I warn you that
hell is going to be to pay unless
something is done here today, and
I say let her come.”
Previous to this the conference
had adopted resolutions strongly
condemnatory of Secretary Houston
and the reserve board for restric
tion of credits and for issuing state
ments bearing on prices of commod
ities with which latter, it wa s con
tended, the board had nothing to do.
Previous to this, the special cot
ton committee had presented the rev
olutionary suggestion that no cot
ton be planted next year unless there
was a change in presnt conditions
as to finances. This resolution was
finally toned down to call for a re
duction of acreage dependent upon
the price of cotton at planting time,
and urging a minimum use of fer
tilizer.
The conference had also adopted
resolutions denouncing Secretary
Houston and the federal reserve
board for usurpation of authority in
considering the price of commodi
ties and unjustified restrictions of
credits for agriculture. The confer
ence called upon Secretary Houston
and the board to cease issuing state
ments relative to prices and to con
£ P e .?.V e J r a S tivities to passing upon
eligibility of paper offered sos re
discount.
The special wheat committee pre
sented resolutions, which were also
adopted, demanding federal assist
,n fencing wheat farmers in
holding their crops for a price of
$3 a bushel.
SAYS PRICES WILL RISE IF
BOARD HEEDS FARMERS
CHICAGOO, Oct. 14.—Prices of
necessities will soar to new high
figures in case favorable govern
nlerl,tal action is taken on demands
of farmers in Washington for low
ering of the federal reserve board
rediscount rate and expansion of
cr ®?i t ’ Eram men here predicted.
If tne government acts favorably
on the farmers’ demands it “ will
mean high pries again,” said How
ard Jackson, a mmber of Jackson
brothers, grain firm.
“The result would be disastrous.
It would check the present price
decline.”
Seven Killed in Blast
In House in Irish
Village; Five Wounded
DUBLIN, Oct. • 14. —Seven men
were killed, five wounded and two
are missing as a result of an ex
plosion today in a house at Tintern,
Wexford county, according to the of
ficial report.
The statement adds that It is be
lieved they were experimenting with
bombs.
KIDNAPED JAILOR
IS WELL TREATED
CORK, Oct. 14.—A letter was re
ceived today by Mrs. Thomas Grif
fen, wife of a warden of Cork jail,
who was kidnaped while on his waj r
home last Sunday afternoon, saying
that Griffen was being- well treated
by his c-- ’ors and that he expected
to be released in a few days.
SOUTHEASTERN FAIR
READY ON SATURDAY
FOR GREAT THRONGS
(Continued from Page 1)
phenomenal to the average visitor
who has not studied the economical
value of the rabbit as a food pro
ducer anu a fur-bearing animal.
“Exhibits of collateral interest
will be the labor-saving machinery
of every character, which when in
general use will revolutionize condi
tions of farm life for the many as
it is now doing for the progressive
few. Tractors on which the operator
can ride in comparative comfort, and
when used In shifts of eight hours
a day, work the full twenty-four
without tiring, for they may be used
at night as well as in daytime, so
that the weather becomes a much
more negligible factor in agricul
ture.
“Labor-saving devices and com
forts for the farm home which make
rural life infinitely more comfortable
than urban existence.
“The greatest automobile show In
the south is staged in the Automo
tive Industries building, using an
other three and a half acres of floor
space.
“The Liberal Arts and Woman’s
building is a duplicate in size of
the auto building and here will be
found all the accomplishments of
the Girls’ Canning clubs and prod
ucts of the domestic arts of ihe
home, with a fine arts exhibit in
which only the best in art is featur
ed, together with a flower show.
Sunday school work exhibit, Child
Welfare work and many special fea
tures intensely interesting.
“Scarcely less important than the
stock judging contest is the great
Boys’ Fair school, which the South
eastern fair established at its in
ception; it is possible for two boys
from every county in Georgia to at
tend this school with all of their
expenses paid, by winning in local
contests in Boys’ club work.
“Not less important and first in
point of beginning is the Boys’ Corn
show in the agricultural building.
“The Grand Circuit Races are on
ly sustained by one other fair in
the United States —The Empire
State of the rtorth. They close at
Atlanta and the principle contd it
ants take no part in the racing at
the smaller fairs of the states.
"To horse racing has been added
automobile racing for three of the
days of the fair.
“For three nights there will be a
great historical pageant, with five
hundred characters.
“The midway is the jester of the
fair play; its multiplicity of fea
tures embraces all the low comedy
of the world and but few people
have iron enough in their blood to
withstand its blandishments. The
midway of the Southeastern fair
combining the regular attractions of
Lakewood Park on Johnny Jones Ex
position Shows, is positively the
greatest midway on earth.
“The finale of each night of the
fair is a magnificent display of fire
works prepared by an artist who
Classified Advertisement
•— I 111 I .* ’
learSTauto" AND TRACTOR BUSINESS
In 6 to 8 weeks. Opportunities every
where offering $l5O to S4OO a month. Twice
more equipment and floor space used in daily
practice training than any autd school in
‘America. Master mechanic, instructors and
same method we used to train thousands of
soldier mechanics in 80-day courses. Write
now for tree catalog. Ralio 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 halt
scholarships free. University of West Tenn.,
Memphis, Tenn.
MEN—Age 17 to 45: experience unneces
sary; travel; make secret investigations,
reports; salaries; expenses. American For
eign Detective Agency, 822, St, Louts.
AUTO experts wanted, $45 week; earn while
learning; sample lessons free. Franklin
Institute. Dept. D-822, Rochester. N. Y,
BE a detective, SSO-SIOO weekly; travel over
world; experience unnecessary. American
Detective Agency, 334 Lucas, St. Louis.
BE A DETECTIVE—ExceIIent opportunity;
good pny, 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 HELP— Male-Female
U. S. government life positions; $l2O-S2OO
month; 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, Itochester, N. Y.
WANTED HELP- EEMALE
WOMEN wanted, sl3a month; permanent
government positions; vacancies constant
ly; write immediately for list positions open.
Franklin Institute, Dept. D-86. Rochester,
New York.
WOMEN-GIRLS —Become expert dress-cos
tume designers. $45 week; sample lesson
free. Write Franklin Institute. Dept. D-873,
Rochester. N. Y,
W ANTED—Agents.
WANTED AGENTS—SeII washing tablets;
washes clothes without rubbing; great
seller; sample free. J. Johnson. 816 Greg
ory, Greensboro, N. C."
WA.NTEp—SALESMEN
TOBACCO
monthly and expenses for the right man.
Experience unnecessary, as we give com
plete instructions. Piedmont 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; GO
acres level fields, 2 crops yearly; 30 acres
brook-watered pasture and w-ood, all-year
grazing; fruit and berries; 2 sets comfort
able buildings; owner unable occupy, quick
buyer gets it at $3,000, only $1,200 ’ash,
balance easy terms. Details this and other
farms Georgia, Florida, many other states
page 49 Strout’s Big New Illustrated Cata
log Farm Bargains. Just out. Copy free.
STROUT FARM AGENCY. 255-BA Candler
Annex, Atlanta, Ga.
FOR SALE—Pure Sugar Horse and Porto
Rico molasses, 75c per gallon, in 60-gal
bnrrels, 10-gal. kegs, 85c. Davis Wholesale
Co.. Box 95, Columbia, S. C.
MAGICAL GOODS, novelties, lodestone,
herbs, cards. dice, books. Catalog
free. G, Smythe Co., Newark, Mo.
SAW mills, shingle mills, corn mills, water
wheels, engines DeLoach Co., 549, Ab
lanta, Ga.
will put in two months work on the
display at Lakewood. There will be \
pictures in fire; mammoth set pieces
and comic devices to delight old and
young. The sky program is made lip
of aerial bombs, old glory shells,
gushing geysers, heavenly search
lights, comet shells, flirting butter
fly rockets and diving devils.
DontHaPw
.No money now—just the coupon and we send
thia smartly tailored skirt on approval—just to show
you what Leonard-Morton values really are, A start
line bartrtdn at our apacial price and you pay nothlns-aot ■
Navy Blue -
Serge -
ONLY
KiHfes
' Smartest
®®wß MR wlr
- MB
11
f®; ■■ iSg
Wr- JMK WB
Send Coupon While
Bargain Price Lasts
la a bargain that you simply mußt not mies. aents It back r r ’
and we will refund money. Don’t wait—eend coupon today.
Give your alie.
Sand tnq the handaonw Sanyo Skirt No. BXI4OO. 1 will pay
tbe barren price, 11.®, and portage on arrival. If not aatla
fled, I will return skirt and you will refund my moMg.
' W
Waist Length..........
4
Name
Address
FOB SALE—TBEES
PEACH AND APPLE TREES AT BARGAI? ’
prices to planters in small or large lots b>
express, parcel post or freight; tJOO.Otiii
June budded peach trees; plum, cherries ;•
pears, grapes, all kinds berries, nuts, etc.. ■
shade and ornamental trees, vines ano
shrubs. Free catalogue. Tennessee Nur- .■>
sery Co., Cleveland, Tenn..
Autos For Sale
SEVERAL 1918 FORD TOURING CARS
Rebuilt, new tires, repainted; must be sole ,y
nt once. 761 Whitehall st.. Atlanta. Ga -.•
Call for Johnnie Aikens.
ONE FORD WORM-DRIVE TRUCK
1918 model, in A-l shape, new tires, chassis 'I
panel or express body. 761 Whitehall st..
Atlanta. Ga. Call for Johnnie Aikens.
FOB SALE—FABMM
GOOD black cotton lands that produce larg
est, finest crops. Railroads, schools
churches, good roads, ideal climate. Alsn , ;
land for every purpose. Write us how much
land you want and terms. Railroad Farm
Bureau, San Antonio. Tex.
FREE GOVERNMENT LAND—2OO,OOO acres
in Arkansas open for homesteading. Send
85c fir Homesteader’s Guide Book and town- ‘
ship map of state. Farm-Home Co., Little
Rock, Ark.
WANTED—FABMS x
I HAVE cash buyers for salable farms. . L.
Will deal with owners only. Give descrip
tion and cash price. Morris M. Perkins.
Columbia, Mo. ;<.»
FATEMTS
INVENTORS should write tor our guide
book, “How to Get Your Patent" tells
terms and methods. Send sketch for out "
opinion of patentable nature. Randolph A .
Co.. Dept. 60. Washington. D. O.
PERSONAL
SEND for free trial treatment worst forms
blood disease. Welch Med. Co.. Atlanta, "~-
MEDICAL ' jZi
PILES can be cured, no cutting, safe, pain
less. I will tell you about it tree. Write
Box 1168, Atlanta, Ga.
PILES
FREE Information about painless pile cure
No knife. Box 1168. Atlanta. Ga.
BIOPSY
T gives quick relief. Dis
UW* tressing symptoms rapidl;
disappear. Swelling and
J&s-. 'sj short breath soon gone. Often
entire relief in 10 days. Neve:
SySr* heard of anything its equal
for dropsy. A trial treatment
sent Oy 1113,1 absolutely FREE.
e. gbeen
Box IS. CHATSWORTH. GA. "
C A H C E Pl
Its successful treatment without use of thf
knife. Hundreds of satisfied patients testify
to this mild method. Write for free book.
Tells how to care for patients suffering from
cancer. Address
DR. w. O. BYE. - Kansas City. Mo
LEG SORES
Healed by ANTI-FLAMMA —a soothing anti- *
septic Poultice. Draws out polsona, stops
Itching around sores and heals while you if
work Write today describing case and ge'
FRg.E SAMPLE. Bayles Distributing Co.
1820 Grand Ave.. Kansas City, Mo.
CANCFR an<l Tumors su~’essfnl!y
w* treated. Pay when re-
moved. Dr. E. V. Boynton, Fitchburg, Mass
7