Newspaper Page Text
©be Atlanta Sournal
VOL. XXIII. NO. 145.
FEDERAL TROOPS ORDERED
TO COAL MINE WAR AREA
CHARLESTON, W. Va., Sept. 2.
Federal troops from Camps Dix and
Sherman were moving into the bat
tle sone in West Virginia today,
where the war between thousands of
miners and deputies continued un
abated.
Fighting was expected to cease
upon the troops’ arrival, for the min
ers announced their intention of go
ing home peaceably once regulars
arrived.
The Nineteenth infantry en trained
from Camp Sherman, 0., and the
Twenty-Sixth infantry from Camp
Dix, N. J.
Headquarters Opened
» The refcommendation that federal
troops be sent into the disturbed
area of West Virginia having been
granted by the war department.
Brigadier General H. H. Bandholtz,
who will be in command, busied him
■elf working out the details of plac
ing the soldiers at strategic points.
General Bandholtz opened head
quarters in the Chesapeake and Po
tomac Telephone Company building,
taking an entire floor.
Extra telephones were installed
■nd every facility was provided to
keep in direct touch with the dis
turbed counties and with Washing
ton.
No official information had been
received early in the day from
Boone and Logan counties by the
military authorities as to the situa
tion there. Federal military head
quarters, it was said, were not wor
ried about the situation at the mo
ment, but were concentrating all ef
forts to get the troops in quicly.
"Wei are going right in and swamp
the disorderly elements,” said a high
military authority today.
* According to General Bandholtz,
two regiments have been ordered to
move in, the Twenty-Sixth, from
.Camp Dix, and the Nineteenth from
the western corps area. The troops
from the Nineteenth, it was said, are
expected during the day, while hose
from New Jersey will not arrive un
til tomorrow morning probably.
General Bandholtz was studying a
large map on the wall when a cor
respondent of the Associated Press
visited military headquarters. The
general said he had not decided
where he would place detachments.
He was working out the details and
expected to be able to direct the
various companies of the two regi
ments to strategic points after they
arrived. He gave no information
as to which routes the troops would
follow into the disturbed regions.
There was no authentic informa
tion at the office of Governor Mor
gan during the morning hours be
yond reports that things were quiet
in ths vicinity of the Boone-Logan
county lines where the large body
of armed men are concentrated,, with
the avowed intention of marching
into Logan county.
Telephone reports from Madison
were to the effect that all ‘ wire
communication to the so-called front
has been cut off and that more men
were still going through Madison to
join those opposing the peace offi
cers at the county line.
HEAVY FIRING ON RIDGE
I REPORTED CONTINUING
LOGAN, W. Va., Sept. 2.—(By the
Associated Press). —After a morning
of uncertainty in which reports
from Spruce Fork ridge had told of
sporadic fighting since daybreak.
It was officially announce' at noon
that “heavy firing” was taking place
at Blair Mountain, Mill Creek and
Crooked Creek.
Colonel Eubanks said that one Lo
gan man had been wounded on Blair
mountain and that five of the op
posing forces had been seen to fall.
Airplanes reconnoitering over
Boone county, east of the ridge, re
ported increased activity among the
irmed bands which have assembled
there, while a courier “from the
front” said it was “one continual
roar along the entire line.”
These reports, which had the of
ficial sanction of the civil and miH
ary commanders here, indicated the
leaviest fighting since the line was
(stablished along Spruce Fork ridge
Mind efforts were made by the Logan
Miounty authorities to stop what they
Mermed an “invasion” of their county.
H They said that new men had been
Mient into the line which now was
M.bout 20 miles in length and that
Mhese men were fresh and amply pro-
Elided with ammunition and provi-
Reinforcements continued to
■■each Logan from the southern part
M>f the state, the latest arrivals to
■lay being a party of Mingo men who
Baine by rail from Williamson.
H In addition to their rifles and pis
■ols they brought with them auto
■natic rifles and machine guns.
IM The county town of Logan, while
by the intense "military” ac-
went about the business of
Marrying on t! campaign on the
M-idge” with calm assurance. Few
Bomments were heard when it be
■ame known that federal troops
on their way.
■Athens’ Next Mayor
£ May Be Woman
gl ATHENS, Ga. Sept. 2.—With the
of the date for the elec
■on of city officers in Athens, the
as to who will be the
to Mayor Andrew C. Er-
who has stated that he will not
re-election, becomes more
and interesting.
Already four possible candidates
appeared for the office in
George C. Thomas, Mrs. Sam-
Mel J. Tribble, Judge Henry S. West.
E. H. Younkin. All four of
persons have hundreds of
who are urging them to run
who are offering them support
their election.
gH With the announcement of Mrs.
J. Tribble for the office of
the first woman office-seeker
in Athens.
■ord Company Has
■ I $54,000,000 in Bank
■ LANSING, Mich.. Sept. 2.—Total
of the Ford Motor company
the close of business, June 30,
|Matement filed by the company with
department of state here. The
included $54,844,538 in cash on
Mnri and in the banks; plants, in-
lands buildings, and im-
valued at $46,926,010;
and equipment valued a*
and good-will valued at
in Michigan was listed
Ifß 1133,025,079. Total capital and
was given as $173,951,172.
BANKERS 10 DISCUSS
n.uh™
At a conference of state house of
ficers with Governor Hardwick, in the
executive offices Friday morning, it
was determined to call a meeting of
leading Atlanta bankers and their
counsel, to discuss and consider in
formally the legal questions involved
in connection with the funding of
the Western and Atlantic railroad
rentals, as authorized by the legisla
ture. The meeting will be held next
Tuesday afternoon in the office of the
governor at 3 o’clock.
“A representative of every state
depository in Atlanta will be in at
tendance,” said the governor, “and
they will be requested to bring tneir
counsel with them.”
The state depositories in Atlanta
are seven in number, as follows: At
lanta National bank, Fourth National
bank, Lowry National bank, Fulton
National bank, Citizens’ and Southern
bank, Central Bank and Trust cor
poration, Atlanta Trust company.
“The importance of expediting the
funding of the state railroad rentals
was emphasized at the conference
Friday morning with the attorney
general, the secretary of state, the
state treasurer and the comptroller
general,” Governor Hardwick con
tinued.
“While I personally haven’t a
doubt as to the legality of the fund
/ng plan, and the attorney general
and other officers of the state concur
in this view, which also was consid
ered by the legislature, it is deemed
essential that every vestige of possi
ble legal objection shall be satisfied
in order to expedite the sale of execu
tive warrants against the railroad
rental returns.
“I believe that the Atlanta bank
ers, as representative of bankers
throughout the state, and their coun
sel can and will be satisfied as to
the legality of the funding of these
rentals, but in a matter of such mo
ment to the state, we cannot afford
to take any chances. If legal objec
tions are to be insisted upon by the
bankers it is important that we
should be fully informed, so that
steps may be taken to satisfy them.”
The governor already has received
bids from state banks for enough
executive warrants to take up one
year’s rental of the Western and At
lantic. These bids, he announced Fri
day, are based on a 6 per cent dis
count. He thinks that the rate of
discount will decrease as the period
of time for the deferred rentals in
creases.
First Relief Kitchen
Set Up in Petrograd;
Winter Work Planned
PARIS, Sept. 2.—The first kitchen
for the feeding of children was
established in Petrograd today by
the American relief administration.
Walter L. Brown, European director
of the administration, said in mak
ing this announcement that another
kitchen would be opened in Moscow
in a few days, and that two ad
ministration steamers had arrived in
Petrograd with cargoes of food.
Two American relief administra
tion representatives left Moscow to
day for the Volga region.
The American relief administra
tion plans to complete work in the
famine area throughout next winter
and spring with an organization of
IJO Americans and many natives,
Mr. Brown explained. About twen
ty men will be stationed in Moscow
under Colonel William N. Haskell,
whose appointment as director of re
lief administration work in Russia
recently was announced, but the
great majority of the work will be
done in the Volga region. The first
American relief administration train
left Riga today, according to Mr.
Brown, who estimated that within
ten days there will be 8,000 tons of
relief food in Russia. Twenty thou
sand additional tons have been or
dered in New York for delivery in
Riga in six weeks. \
Lone Bandit Secures
SI,OOO From Bank;
Is Captured Later
SHREVEPORT, LA., Sept. 2.—An
unmasked white man quietly walked
up to the cashier's window at the
Exchange National bank here short
ly after the opening hour this morn
ing, placed an unsigned check for
one thousand dollars in front of the
employe at the window, and, point
ing a pistol at him, demanded that
it be cashed. The bank employe
obeyed. The robber was soon cap
tured and the money recovered.
Ford Prices Cut Again
On Cars and Trucks,
Financial Agency Says
NEW YORK, Sept. 2.—Prices of
Ford cars and trucks have been re
duced from $45 to SIOO per vehicle,
according to the Dow, Jones and com
pany, financial agency today.
Factory prices of chassis is $295,
a reduction of SSO. Runabouts will
cost $325, touring cars $355; coupes
$595, sedans $660, trucks $445 and
tractors $625.
This is the second price reduction
on Ford cars this year.
Lloyd George Calls
Meeting of Cabinet
On Irish Peace Note
LONDON, Sept. 2. (By the Asso
ciated Press.) —Prime Minister
Lloyd George has sent the reply of
Eamon DeValera, the Irish republi
can leader, to his latest communica
tion on the Irish peace proposals to
London for circulation among the
members of the cabinet. Having
regard for the serious issues involv
ed, Mr. Lloyd George has summoned
a cabinet meeting to be held on Wed
nesday next at Inverness, Scot
land.
More ZR-2 Bodies
Recovered From Debris
WASHINGTON, Sept. 2.—Recovery
of the bodies of Robert M. Coons, of
Owensboro, Ky., and Lloyd E. Crowl,
of Charleston, S. C., victims of the I
ZR-2 disaster, was reported today to
the navy department,
ADDITIONAL CREDIT
URGED FDR FARMER
IN 0.5. CONGHESS
———
BY THEODOBE THLEB
WASHINGTON, Sept. 2—ln ad
vance of the filing of a report by
the joint commission on agricultural
inquiry. Chairman Sydney Anderson
issued a statement Wednesday night
asserting that additional credit fa
cilities for farmers are Imperative.
He indicates the commission in its
report to congress will recommend a
concrete plan for bridging the gap
between short-time and long-time
credits. At the outset, the govern
ment would render financial assis
tance.
“The additional credit,” Mr. An
derson says, “must be such as to
conform to the farmers’ turn-over,
and of sufficient flexibility to meet
the varied requirements of different
commodities. It must be extended
for a sufficient time to enable pay
ment to be made out of the earnings
of the farm, without frequent renew
als, which add to the expense of the
borrower in fees and commissions.”
After hearing testimony for sev
eral weeks, Chairman Anderson, of
the congressional commission, com
posed of five senators and five house
members, observes: “There is imme
diate, imperative and conclusive ne
cessity of setting up permanent ma
chinery to furnish credit for farm
ers’ production and marketing pur
poses, running from six months to
three years, to fill the gap between
short-time credit furnished by the
national and state banking systems,
and the long-time credit furnished
by these systems, farm mortgage in
stitutions and the federal farm loan
system. It is clear that machinery
of sufficient scope can be established
onlj r by federal legislation, such as
brought about the establishment of
the federal reserve system and the
federal farm loan system. This ma
chinery when once established should
be self-sustaining and should not
require government support, except
possibly for the initial capital re
quired to put into operation. Such
a system must be comprehensive
enough to meet the requirements not
only of the large farmer borrower,
but also the small farmer borrower
with limited assets.”
Representative Anderson says it is
essential that there shall be credit
agencies to deal dirpctly with the
farmer and to meet requirements of
every commodity and locality. Com
mercial banks, state and national,
and farm loan associations now es
tablished by the government, may be
utilized in some manner and aug
mented by a new agency in the form
of co-operative credit associations.
The second essential, he says, is an
agency to convert a large number of
small obligations o fthe farmers into
short-time debentures which can be
sold to the investing public. Chair
man Anderson thinks whatever new
agencies may be created must use not
only existing banking institutions
and primary credit concerns but the
farm loan associations. He predicts
that the congressional Investigation
will result in recommendations for
legislation and credits to complement
the credit facilities now offered
through the farm loan system and
the federal reserve system, and to
give the American farmer the most
comprehensive and flexible credit
system in the world.
Discussing the two possible agen
cies, Chairman Anderson continues:
“The character of both agencies is
largely dependent upon whether it
is proposed to have the debentures or
securities absorbed by the deposit
pool, represented by the deposit of
the national and state banks, and the
liquid assets of the country, or by the
investment pool, representing the
credit ordinarily invested in long
time securities. There is, in my judg
ment, no reason why both pools can
not be drawn upon for the proper
credit requirements for farmers. In
setting up the agency to deal direct
ly with the farmer borrower, it is
desirable to use the primary credit
agencies already existing, and there
would seem to be no reason why it
should not be possible to use both
the commercial banks (state and na
tional) and the farm loan associa
tions. In like manner, in order to
set up the agency to distribute farm
credits to the investing public,
whether in the form 1 of the original
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ATLANTA, GA., SATURDAY, SEPTEMBER 3, 1921.
MUSICAL PRODIGY OF SIX
PLAYS FOR PIANO RECORDS
Lit tie Ml Ig&tfSgffifSg . IgOsA
Mique Graham, / Mv J ggSaga \
aged six, of Min- / fiw • -■> Vasil
neapolis. is be- / SHnKSflar * . ■■’W' \
ing called tlus / Safe\
world’s champion / CTg
musical prodigy. I T i < < : O
She is 7 on her ■
way to New York ■■■jW « z > ’ ■ s
to make refolds TmKMMI
■or are prod u< in..; '3bESkh|F ’ 4 y : Wil
piano company. jfcjf 5 . «HIK
The child's rep- f IwSfe- --WM
ertoire includes : : i £ IS sbr WaSSi
a Mozart sonata, r ?. Wg
Massenet’s "Ele- Sr • . 1 y -
gie,” the Chopin SMlifer i.i.iiis,.- gmapn
“Prelude No. 6.” s WHRgM
Grieg’s “The Bird- 4
ling.” and Mac- ' ••
Dowell’s “Wild | L •'’ - ’ll-- \ . 'l||S
Rose ”
Mique, who has I • »
been studying two | j «■_ -k-'
years, will give I
demonstr at ions j '.. /
before critics in I /
the large eastern \ 1
cities. \ "•• I
Soldier Bonus Act
In New York Invalid,
Appeals Court Holds
ALBANY, N. Y„ Sept. 2.—The
court of appeals, by a vote of five
to two, today held the state soldier
bonus acts invalid on the ground
that it violated Article VII, section
1. of the state constitution, which
prohibits lending the credit of the
state for the benefit of any individ
ual, association or corporation.
Judge William S. Andrews wrote
the prevailing opinion which was
concurred in by Chief Judge Frank
IL Hiscock and Associate Judges
John W. Hogan, Chester B. Mc-
Laughlin and Frederick E. Crane.
Dissenting opinions were filed by
Judges Benjamin N. Cardozo and
Cuthbert W. Pound.
The bonus act, according to the
majority of the court, is clearly a
gift of the credit of the state unless
it is payment of some obligation
which the state owes. The court
contijiues that the bonus is not the
payment of an obligation to the for
mer service men from the state.
The claim, the court holds, is a
claim essentially against the federal
government, a claim which the gov
ernment recognizes and in payment
of which it proposes to appropriate
an amount estimated at between
three billion and five billion dollars,
obligation or in the form of deben
tures or other securities, it may be
possible to use both the farm loan
banks and the federal reserve banks.
The joint commission on agricultural
inquiry has for some time been de
voting itself to an intensive study,
first, of the credit requirements of
the farmer, and, second, of the rela
tive merits of different methods of
meeting these requirements. Its re
ports will, in my judgment, recom
mend to congress a definite concrete
plan which will embody the most ef
fective of these methods.”
Georgia State Canal
And Waterway Board
Named by Governor
Governor Hardwick Thursday
morning announced the personnel of
the Georgia state canal and water
way commission, which was created
by legislative enactment. The gov
ernor conferred with Representative
James T. Vocelle, of Camden coun
ty, author of the bill, before mak
ing his appointments, as follows:
J. H. Becker, of St. Marys, chair
man; Charles C. Thomas, of Way
cross; Lee J. Langley, of Rome. Mr.
Becker is a moving spirit in the de
velopment of the harbor of St. Marys,
and the construction of a canift that
will drain the Okefenokee swamp and
connect the Atlantic ocean and the
Gulf of Mexico. Mr. Thomas is sec
retary of tlie Waycross Chamber of
Commerce, and Mr. Langley is a
prominent attorney.
The canal and waterways commis
sion, under provision of the act creat
ing it, will co-operate with similar
commissions of other states and with
the federal government in the promo
tion of waterway development.
Spanish Positions in
Morocco Attacked
PARIS, Sept. 2. (By the Asso
ciated Press.) —The Spanish posi
tions at Melilla, Morocco, were vig
orously attacked all day Wednesday,
according to a telegram received in
Madrid from General Berenguer,
Spanish high commissioner in Moroc
co, says the correspondent of the
Paris Midi in the Spanish capital.
Two transports with troops and ma
terials of war have arrived in Melilla,
he adds.
WS ABOLITION
IS FUTILE HOPE.
HARDING DECLARES
WASHINGTON, Sept. 2.—Hope of
entirely abolishing war is “perfectly
futile,” President Harding told offi
cers at the army war college here
Thursday.
Armies and navies probably will
always be necessary, he said, no mat
ter how far aspirations toward world
peace lead.
The president blamed a lack of un
derstanding for the warfare in West
Virginia, and declared that a policy
of understanding at home and abroad
would solve many ills.
Practically every high officer of the
army was present in the small lec
ture room of the war college when
the president spoke. Secretary of
War Weeks and General Pershing
also spoke briefly.
Must Always Ann
"No matter where the best aspira
tion of the world may lead up there
may never be a time without the ne
cessity for armed forces,” President
Harding said.
“I believe with all my heart that
we are going to diminish the bur
dens of armament. I believe with all
my heart that we will have lesser
armies and navies, but there may
never be a time when there won't be
the requisite defense agencies.
“It is perfectly futile to think
there will never be conflict when we
stop to think that in the 2,000 years
of Christian civilization and the 4,-
000 years of pagan civilization we
have only lateljr come to a civilized
state of warfare, and even that does
not apply to all nations.
“But America, I can say without
unseeming boasting, has come nearer
to it than any nation.
“And I pledge you now that you
will never be called to service un
der this administration for any work
that you cannot enter with all your
hearts and souls as American citi
zens.”
Should Be Understanding
President Harding told the army
officers that the principle of un
derstanding should govern the na
tion both in its domestic and in its
world affairs.
I “We ought to have no conflict like
tihat which is now distressing us
in West Virginia,” he said. “That
condition is due, I believe, to a lack
of understanding.
“There ought never be conflict be
tween nations if those in authority
have understanding, and I want you
to be the of an admipis
i tration that believes in a fullness
of understanding at home and a
fullness of understanding among the
peoples of the world.”
Opening his brief address, Presi
dent Harding explained that he must
rely upon the technical skill such
as is being acquired by officers
studying at the war college.
“The president after all is just
the agency employed in focusing a
judgment and knowledge of those
who must necessarily actually con
duct the affairs of this government,”
President Harding said. “No man,
even a superman, could direct the
United States if it were otherwise.
“I can from my own experience,
remind you that if the war college
is an institution which brings the
knowledge and experience to bear on
the theory it is making a contribu
tion to this government.
“One trouble withthe world is that
too many theorists know nothing of
actuality.’’
Cheese Factory
Building Started
DALTON, Ga., Sept. 2.—Actual
work has been started on the build
ing that will be used for Whitfield
county’s first community cheese fac
tory just outside the northern lim
its of the city. The plant will be
operated by a stock company, of
which Mrs. M. E. Judd is president.
It is believed that this will be the
first of a number of community
cheese factories in the county.
COTTON SOARS ONCE MORE
ON 49.3 CONDITION NEWS
BUHIM
ffiMOING
In a strict sense there can be no
such thing as a “fair trade” when
either party has the advantage of
vastly superior information. Up -to
the time the bureau of markets and
crop estimates of the United States
department of agriculture was estab
lished most transactions in the mar
keting of farm products were, in this
sense, unfair. This was due to the
fact that the buying side almost in
variably had vastly better informa
tion regarding supplies, both avail
able and prospective, future produc
tion, prices current throughout the
country, and probable movements of
the products.
Producers Had Little Information
Buyers had through many years
built up elaborate machinery for
gathering information of this sort.
The farmer, however, had few, if any,
opportunities to obtain such knowl
edge and was governed in his mar
keting largely by. the season of the
year, weather conditions, and other
similar considerations. Hogs were
fed until they reached a certain
weight or until the supply of feed
became exhausted. They were then
loaded as soon as cars were available
and shipped to the customary market.
There was little opportunity for the
shipper to know whether at that par
ticular time this market was flooded
with hogs, prices low, and trade con
ditions in general most unsatisfac
tory, or the reverse.
Possibly on the very day that his
hogs were placed on sale, there was a
comparative scarcity at some other
market easily within his reach, and a
level of prices so much higher that
It would have meant an increase of
several hundred dollars in his net
returns had his hogs been shipped
there. But the hog buyers had this
information and governed their buy
ing accordingly. It was sure knowl
edge on one side and a trusting to
luck on the other. Possibly a delay
of not more than three days in mar
keting his hogs would have trans
formed a substantial loss into a good
profit. Under such a system of mar
keting a man frequently invested a
year’s work and many hundreds of
dollars’ worth of feed and at the end
met’a serious loss simply because he
sent his stock to market a few days
too early or too late.
Placing the farmer on the same
• footing with the buyer, so far a
formation is concerned, so that the
element of chance applies equally to
both, is the aim of the department
of agriculture. For this it gathers
every available scrap of information
relating to supplies, current quota
tions, and other fundamental condi
tions influencing markets, arranges
the information in readable form,
and makes it readily available o
every one having use for it.
Gathered at Market Centers
Before the department took up
this work, the farmer was not wholly
without market reports. Newspa
pers, trade journals, telegraph com
panies, and many other organiza
tions, as well as individuals, distrib
uted in the rural districts reports
that purported to be market infor
mation. Unfortunately for the
farmer, however, many of these re
ports originated with buyers of farm
produce, or from sources controlled
or dominated by such interests. Un
der these circumstances it was but
natural that they redounded to the
advantage of the buyer and almost
invariably worked to the financial
handicap of the farmer and pro
ducer.
The government’s information is
gathered impartially at market cen
ters extending over a wide area and
is transmitted promptly from one
center to another. Important infor
mation is mimeographed and mailed
daily to anyone making a request
for it. Extreme care is taken to
make the information accurate and
reliable and the fastest and roost
modern methods of distribution are
used, the object being to get the in
formation to those who have use for
it in the shortest possible time and
in the most usable form. It is not
only trustworthy and unbiased, but
is made available to all the people.
The department’s reports are now
being made use of by practically all
classes of people—farmers, commis
sion merchants, boards of trade, bro
kers. chambers of commerce, retail
dealers ,and consumers. Most per
sons who have come in touch with
the work of the department realize
that it neither buys nor sells any
commodity and has no .interest to
serve except that of accuracy. The
whole purpose of Its work is to hold
a mirror before the markets of the
country and to hold It at such an
angle that all the people may see
what is taking place at the moment.
Georgia Roosevelt
Association Stages
Parade in Washington
WASHINGTON, Sept. 2.—Pretty
Georgia girls and gorgeous floats
featured the parage staged here Wed
nesday afternoon by the Georgia di
vision of the Roosevelt Memorial as
sociation. The parade was reviewed
by General Pershing and other no
tables. Soldiers, marines and repre
sentatives of the various government
departments toook part.
The object of the movement is to
place in one of the public parks here
a replica of Bulloch hall, at Roswell,
Ga., the home of the mother of Theo
aore Roosevelt, and to establish a
school for boys on the site of the
home.
The beauty float, featuring Geor
gia beauties at the capital, was one
of the most attractive of all. Prizes
for the best floats and for the win
ners in the recent carnival contests
conducted by the association were
presented Thursday.
Senate Committee
To Rewrite Tax Bill,
Penrose Declares
WASHINGTON. Sept. 2.—The. tax |
revision bill as passed by the house
will be completely rewritten by the
senate finance committee, Senator
Penrose, chairman, announced to
day.
Senator Penrose said that no ques- i
tion of policy has yet been decided c
by the committee. Progress in re- «
writing the measure is going for- i
ward as rapidly as can be expected, t
he added. t
The measure, however, lie said, .'
would be ready to be reported to f
the senate when congress reconvenes f
on September 21. 1
5 CENTS A COPY,
$1 A YEAB.
Another higl: 1921 record for spot
cotton in Atlanta was made Friday
when the staple was quoted at 17
cents on the floor of the Atlanta
Commercial exchange, 75 points over
the pries fixed at the same hour
Thursday.
The new advance followed the
continued bull movement in New
York, which carried every active
option to or above the 18-cent marß
Futures cored their high marks o
the day in the last few minutes of
trading, and despite the prospec*
of a three-day holiday, through Mon
day, closed at the top at a nei
gain over Thursday of $3.25 a bale
October reached its peak at 18
cents, closing 17.88 to 18. December
sold at 18.30, January at 18.25, March
at 18.50, May at 18.55 and July at
18.60.
The closing figures will stand until
Tuesday morning. The bulls were in
full control of the situation at the
last quotat.on, and all recessions
were immediately halted by fresh
buying orders.
The market opened strong at a
net gain of from $1 to $1.65 per
bale Ove.- the closing figures of
Thursday. October was up 21 points
at 17.55, December up 28 points at
' 17.96, January up 32 points at 18
cents, March up 35 points at 18.20.
May up 35 points at 18.25 and July
up 35 points at 18.25.
The opening advance was followed
by renewed buying pressure which
! sent all options to new high levels
for the movement, the net gain being
more than $3 per bale over the pre
vious close.
Whereas the sensational bull raid
Thursday put only two options, May
and July, above 18 cents, the con
tinued buying movement Fridaj
’ pushed the near months considerably’
' higher.
There was some heavy realizing in
L view of the holiday around 11:30
; o’clock, Atlanta time, October sell
ing off to 17.65, December 17.95,
• January 17.90, March 18.03, Mav
1 18.18, and July 18.20. All of thesi
’ quotations were well above the qlos
ing figures Thursday and ruling well
around the opening Friday.
' The continued buying movement
was attributed to the disastrous con-
■ dition report issued Thursday, esti-
■ mating the crop at 7.037,000 bales,
I slightly more than half the cron ft
-a year ago. £lpinners were said to
have been heavy buyers of the sta
ple, with offerings extremely light,
J 827,000 BALES OF COTTON
, IS ESTIMATED FOR GEORGI.I
Georgia’s cotton production this
year will not be over 827,000 bales,
which will be the Ipwest since 1892,
- according to a crop condition report
( issued Thursday by the Georgia Co-
Operative Crop Reporting service, ot
which John A. Detune is statistician.
According to the reports of tin’s
bureau, compiled from every county
in the state, the condition of the
crop on August 25 was only 41 per
' cent of normal, which was a decline
of 18 per cent from the condition of
59 per cent on July 25.
Georgia’s cotton production in 1920
was 1,414,652 bales, and in 1919 was
1,659,529 bales.
Statistician Dennee expresses tits
opinion that cotton may go to 25
cents a. pound as the result of the
very small crop.
Change of Partners •
May Alter Custom
At English Dances
LONDON.— Reaction is setting la
Jhe present blllrooz, cus
d^ n « ers haying one partner
for the whole evening, remarks The
London Daily Mail, and most of
, seas ?,?’ s t novelties, it is antic
fboWl<Lbe desi K ne d to encour
age the change partner.”
„ 3 m 1 nen t people in the dancing
world are talking of lowering the
lights in the middle of the dance
tor about thirty seconds, every
dancer being expected to have a
new partner when they blaze on
again, those who have not done so
will be expected to leave the floor.
Another elaborate scheme that
will have a wide following is the
purchase in duplicate of small glass
tokens in the shape of tiny pigs,
Teddy Bears, “Fumbs Up” mascots
and the like, one set being used
inside a dish of pastries and con
fection offered to the women and
the other set for distribution among
the men.
Every one intending to dance is
asked to take a helping from the
dishes. The man who finds a tinv
glass his pastry will
seek as his partner the woman who
hai acquired a similar mascot, and
thus couples are brought together
who otherwise might not have met.
Dieppe Is Popular
With English Folk
As Cocktail Paradise
LONDON.—Dieppe is very popu
lar with English people just at
present, remarks The London Timea
special correspondent, owing to the
elaborate arrangements made to sup
ply them with the cocktails that
they have now got into the habit
of taking.
Although the habit is extensive
in London there are only specified
times at which it can be indulged
in. At Dieppe there are no licensing
restrictions, and it is therefore
something in the nature of a “cock
tail-takers’ paradise.’’
At one of the largest “Ameriwan
bars” In the town there are ne
fewer than forty varieties o,f '■yk
tails on sale,' and they all cost one
price. That price is five francs, if
the same price were introduced in
London it might have the effect of
putting an end to the cocktail habit,
but in Dieppe five francs is not be
grudged for a thimbleful of mixed
drinks. This is not very surprising
when it is considered that a large
measure of whisky costs from 18
to 20 francs.
Grain Rate Increase
Allowed by L C. C.
WASHINGTON, Sept. *2.— Author
ity was granted by the interstate
commerce commission today to west
ern and southwestern railroads to
reduce 5 1-2 cents a hundred pounds
the rates on grain and grain prod
ucts for ’export from Missouri and
.Mississippi river points and on grain
from the territory between the riv
ers and from Illinois to gulf ports,
Mobil* Galveston, inclusive.