Newspaper Page Text
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COTTON
NEW YORK, May B.—The cotton market ]
•bowed renewed firmness today on reports I
of an improving trade demand, relatively i
firm Liverpool cable 0 , and a continuance of I
unsettled weather in the south. The open- ;
ing was firm at an advance of 14 to 80 •
points, and within the first half hour active |
months sold 20 to 40 points above Saturday's j
closing, witji July advancing to 19c and De
cember to 19.25 c. Further showers were re
ported in the suoth, and the long range fore
cast was for further showers during the
week, which evidently made an unfavorable
impression in some circles, while buyers
were encouraged by the large spot sales at
Liverpool and the increased business re
ported in leading southern spot markets
late last week. Liverpool sales reported
today were 14,000 bales, or the largest day’s
business in some time, and private cables
reported a continued improvement in Man
chester business. --
Private reports of rains in the southwest
and the views of local map readers who
look for further showers or rains west of
the river, stimulated tie early buying
movemei • July sold up to 1910 and Oc
tober to 19..30. making net advances of
30 to 50 points on the' more active posi
tions and taking the new crop months
back to about the best prices of last week.
The advance was checked at these levels
by realizing but considerable selling was
absorbed on reactions of 10 or 12 points
and prices held steady around mid-day. The
official forecast was for unsettled weather
with showers in the southwest.
Detailed weather reports confirming the
private reports of rains in Texas and Okla
homa were followed by active general buy
ing earlv in the afternoon. July advanced
19.27 and October 19.45. making new high
ground for the movement and net ad
vances of 45 to 65 points in the general
list. Prices were within 2 or 3 points of
their best’ around 2 o'clock.
NEW YORK COTTON
The following were the ruling prices t»
th- today:
Tone, steady; middling, 20.15 c, quiet.
Last frsv.
Onen High. I-ow. Sale Close cio«>
Jan. .. 18.98 19.45 18.97 19.44 19.42 15.70
Mar. .. 19.01 19.51 18.96 19.50 .... 18.72
May .. 19.50 18.59 18.45 19.53 19.88 19.30 ,
July .. IS.SO 19.44 18.78 19.43 19.43 18.69
Oct. .. 19.00 19.37 15.96 19.50 19.53 18.83
Dec. .. 19.07 19.63 19.07 19.63 19.60 18.84
NEW ORLEANS CdTTON
NEW ORLEANS; May B.—More rain In
the western belt and signs of more activity
In the spot department caused a rise of half
a cent a pound in the cotton market in the
earlv trading today. The sales of 14,000
bale's on the spot in the Liverpool market
caused favorable comment. In the first
hour of the session the list gained 50 to 53
points. July rising to 18.73 c.
Small reactions as the result of realizing
on the long side, followed tlie first bulge,
but they did not last long as the market
■trengthened again because of scores of
reports of heavy rains in Oklahoma and
Texas. In the trading up to 11 o’clock the
list went to gains of 56 to 58 points over
last week’s close, July touching 18.80. .
With no let-up in complaints of excessive
rainfall at many points in Texas and Okla
homa. with many sections getting what
were termed cloudbursts in private tele
grams. the market went to new high levels
in the afternoon, July touching 18.96 and
October 19.03 in the trading up to 12:30
o’clock. At these levels the list showed
gains of 73 to 75 points.
NEW ORLEANS COTTON
The following were the ruling prices is
th- exchange today:
Tone, s'eady; middling, 19.50 c, steady.
Las; Fret
Onen. High. Low. Sale. Close. Close
Jan. .. 18.44 19.(B 18.42 19.03 19.03 18.22
Mar. .. 15.45 18.9* 18..41 18.95 18.95 18.20
May .. 18.4518.85 18.43 18.84 18.80 18.16
July .. 18.45,19,05 18.95 19.01 19.01 18.23
Oct. .. 15.53 19)11 18.52 19.07 19.07 18.20
Dec. . . 18.50 19.10 18.47 19.10 19.09 15.25
NEW ORLEANS SPOT COTTON
NEW ORLEANS, May B.—Spot cottom
steady. 38 higher. Sales on the spot, 2,43a
bale*; to arrive, 370. Low middling. 17.25,
middling. 18.50; good middling, 19.50. Re
ceipts, 9,036. Stock, 235,061.
SPOT. COTTON MARKET
Atlanta, steady, -18.75 c.
New Orleans, steady. 18.50.
New York, quiet. 20.15 c.
Philadelphia, steady, 20.40 c.
Norfolk, steady. 18.73 c.
Savannah, steady, 18.73 c.
St. Louis, steady. 17.75 c.
Little Rock, steady, 18.50 c.
Houston, steady, 18.75 c. ”
Dallas, steady, 18.40 c.
Wilmington, nominal.
Galveston, steady, 18.90 c.
Montgomery, steady. 18c.
Mobile, steady. 18c.
Memphis, steady, 18_.60c.
Augusta, steady, 18.55 c.
ATLANTA - SPOT COTTON
Atlanta spot cotton i ß '.'. 3 -
Receipts ;«<
Shipments "?•’
Stocks 30,4il
LIVERPOOL COTTON
Tone, firm; sales, 14,000; good middling,
11.42 d.
Prev.
Open. Close. Close.
January 10.48 10.72 10.53
February 10.68 10.49
Marell 10.43 10.64 10.4 i
April 10-6° 10.45
Mav 10.75 11.03 10.79
June H.OO 10.75
July 10.71 10.98 -10.70
August 10.93 J®- 73
September 10.66 10.90 10.6.)
October 10.60 10.84 10.64
November .... 10.80 10.60
December .... 10.77 10.58
COTTONSEED OIL MARKET
Open. Close.
Mav 11.65(212.00 11.78@11.79
June 11.50@11.80 11.70@11.80
July 11.70@11.74 11.83%11.85
August 11.65@11.69 11.77@11.79
September .. .. 11.61@11.64 11.75@11.78
October 10.95@10.98 11.09@11.10
November .. ... 9.95@10.10 11.10@11.15
December .. ... 9.75@ 9.90 9.95@10.00
Tone, steady: sales, 12,600.
ATLANTA COTTONSEED PRODUCTS
MARKET
(Corrected by Atlanta Commercial ■xchango)
Crude oil. basis prime tank..Blo.oo ...I.
Cottonseed cake. 7 per cent,
car lots ........ Nominal
0. S. meal, 7 per cent am-
monia, car lots 43.00 $44.00
C. S. meal, Ga. common rate
points, car lots 42.00 43.00
C. S. hulls, sacked, car lots.. 15.00 16.00
C. S. hulls, loose, car 10t5... 13.00 14.00
linters, first cut. high-grade lots. 4@6c.
Linters, clean, mill run, 2@3%c.
Linters, second cut, l%@2c.
Cotton Market Opinions
Moss & Fergusdn—We believe that the
outlook for improving business and the
uncertainties attending the crop point to
the likelihood of higher prices.
Newman Bros , & Worms.—A reaction
can be expected, but the general outlook
is exceedingly bullish.
S. B. Chapin & Co. —Continue to favor
purchases of October or December contracts
in the event of anv fresh breaks.
Hirsch. Lilienthal. & Co.—We would buy
new crops on any further decline.
Hubbard Bros. & Co.—There is a very
good indication of better business.
8. M. Weld & Co.—We continue to fa
vor purchases on good recessions.
J. W. Jay & Co.—There will be an in
clination to buy until crop improvement
•hall be certain.
J. 8. Bache & Co.—ls the weather over
Sunday should turn out to have been fa
vorable we look for a further sagging
Mndency.
Sugar Market
NEW YORK. May B.—Raw sugar quiet at
9.98 for’ centrifugal.
Refined unchanged at $5,254-5.40 for fine
granulated.
• NEW YORK RAW _ SUGAR MARKET
Open. Close.
May 2.32 2.41@2.43
June * 2.53@2.55
July 2.61 2.64@2.65
4-Ugnst ? 2.74 .
neprember 2.84@2.8.»
October .... •••• ..... 2.82 2.83@2.84
November .... 2.83
December .... .... ... 2.87 2.88@2.89
«EW YORK REFINED SUGAR MARKET
Open. Close.
May 5.75 5.75@6.00
June ... ... 5.9 ii
July -5.85 5.85@5.98
August 6.00
September 6.10
October ... . 6.00
November 5.95
December ... 6.00 6.00
NEW YORK COFFEE MARKET
Open. Close.
January 5, .63
March 9.75 11.61
May 10.50 10.42@1G.44
June 10.32
July .10.38 1 0.20@10.22
August . 10.02
September 9.96 9.82
October 9.76
November 4... 9.70
December 9.79 9.64
THE ATLANTA TRI-WEEKLY JOURNAL
GRAIN |
I CHICAGO, May B.—Wheat showed unex
-1 pected steadiness at the start today, but
j heavy offerings were uncovered on the
bulge and a break followed. Most of the
I latter part of the session prices moved with
| in the range established during the first
• hour. There was a lack of pressure at the
j opening, and the buying was generally be
lieved to be for the account of a local short.
| Armour was credited with heavy selling of
the July. The elevator situation is becom
ing acute and the announcement is expected
any moment that grain in care of boats will
be valid for delivery under the emergency
rule. Local interests bought 150,000 bushels
of wheat to arrive from Missouri river mar
kets. Sales of 50,000 bushels of wheat were
made to go to store. Milling demand for
wheat was slow and export demand was
confined almost wholly to new crop wheat.
Crop reports are generally favorable. Sup
plies on ocean passage decreased 4,696.000
bushels last week.
Wheat rallied on shorts covering, closed
%c to %e higher: May, $1.37 to $1.36%;
July. $1.24% to $1.24%; September, sl.lß
to $1.18%.
Corn trade was exceedingly glow. Light
offerings gave the market a firm start, but
the deferred futures eased with wheat later
in the session.. • Cash premiums held well,
despite the reported slow shipping demand.
The excellent demand for spot corn leads
one to suspect that a larger business is
being done in cash corn for shipment than
is being reported. Seaboard reported some
export business working.
Corn closed to %c higher; May. 61%c;
July, 64%c; September. 66c to 66%c.
Oats were quiet. The undertone was
easier. Armour sold July and commission
houses sold September. Cash oats are sell
ing well. Vessel room for 500,000 bushels of
oats was chartered to Buffalo. Seaboard re
ported some export business working.
Oats were unchanged to ’4c lower: May,
37%c; July, 39%c to 39%c; September,
40 %c.
Provisions were firm with hogs at the
start. Liquidation set in because of the
weakness of grain, and a shaia break fol
lowed. Some good buying was noted on the
break. 1
Pork—Unchanged: lard, unchanged to 2%c
higWer; ribs, 5c higher to 10c lower.
CHICAGO QUOTATIONS
The following were the ruling prices is
the exchange today:
Prev.
Open. High. Low. Close. Close.
, WHEAT—
'May ... 1.37 I.SS 1.34% 1.36% 1.36%
July ... 1.23% 1.21% 1.22% 1.24% 1.23%
Sept. •>.. 1.17% 1.18’4 1.16% 1.16 1.17%
CORN—
May .... 61 61% 61 61% 61
July 64% 64% 64 64% 64%
Sept. 66% 67 66 % 66% 66%
Il I ATS—
May .... 37 37% 36% 37% 37%
July .... 39% 39% 39% 39% 39%
Sept. .... 40% 41% 40% 40% 40%
PORK—
Mav 21.25 21.25
t ARD—
May ... 11.37 11.35 11.35
July .... 11.50 11.55 11.55
Sept. ... 11.80 11.80 11.77
RIBS—
Mav 12.50 12.50 12.45
July .... 11.45 11.60 11.65
Live Stock Market
UNION STOCK YARDS, Chicago, May 8.
Light runs of cattle and hogs helped this
part of the live stock trade today and val
ues were higher.
Receipts today were 17.000 cattle, 34,000
hogs. 22,000 sheep and 2.500 calves, against
25,386 cattle, 48,763 hogs, 15,064 sheep last
Monday.
Cattle—Steers sold 10@25c higher. Some
1.378-pound stock went at $9.25. Bulk of
steers was placed at $7.75@8.70. Cows
and heifers were 10@15c higher while bulls
were strong, some good bolognas going at
$5.25@5.35. Calves were slow and steady.
Most vealers went to packers at $8.25@
8.50.
Hogs—Demand for light hogs was active
and values were mostly 15@20c higher.
Some spots showed more advance but heavy
hogs were not as good sellers as the light
stock. Bulk of 220@ 300-pound butchers
sold at $10.450i 10,80 while prime light
stock went at $10.90@10.95.
Sheep—Values dropped mostly 50c in the
sheep house and the trade was dull. Choice
lambs sold at sl4 but most of the good
lots went at $13.25@13.75. Aged muttons
also were lower. Good shorn ewes sold
at SB.
EAST ST. LOUIS, 111., May B.—Cattle,
receipts 3,000; steers 10c to 15c higher:
spots more; light yearlings, cows, bulls and
light calves steady; canners strong; Stock
ers and feeder steers steady to strong; bulk
beef cows, $5.26@6.25: hulk canners around
$3.50: bulk bolognas $4.75@>5.00: bulk veal
ers $8.50@8.75; top calves, $9.00.
Hogs, receipts 13,000: active 15c to 20c
higher: top $11.05; bulk good butchers
$10.90@11.00; pigs 25c. to 50c higher; bulk
100 to 140 pound averages. $10.00@10.75;
packer sows largely $9.00@9.25: quality fair.
Sheep, receipts 3,000; bidding sharply
lower; few early sales 50 to 100 lower: good
to choice Tennessee spring lamps $15.50;
few choice light shorn ewes $8.50; heavies
$6.00@7.00.
' JACKSONVILLE, Fla., May B.—Hogs
Receipts light, prospects steady; heavies
and packers, $6.50: medium, $8.50: lights,
$8.00; roug'j, $7.00; heavy pigs, $7.50; Tight
pigs. $7.25.
Cattle —Receipts light, prospects steady;
steers, $3.00@6.50; hulls, $2.50@4.00; year
lings, $2.00@4.00: cows, $3.00@5.00; veal
calves, $4.00@6.50: canners, $1.50 up.
Florida Crop Quotations
JACKSONVILLE. Fla., May B.—Beans,
green, fancy, $3.00; wax, $1.50@2.00; cab
bage, $2.00. green corn, $4.00@4.50; okra,
fancy, $4.50@5.00; lettuce, fancy, $1.75@
2.00; squash, yellow, $1.25@1.50; peppers,
fancy, $2.50@3.00; potatoes, red bliss, bbls.,
ones, $5.50; twos, $4.50; sweets, $1.50@
2.00; tomatoes, fancy, $2.50@3.00; lemons,
fancy, $6.00@0.50; grapefruit, fancy, $4.00
@4.50. choice, $3.25@3.50; guavas, fancy,
$3.50@4.00; oranges, fancy, $6.50@7.00;
choice, $5.50@6.00; tangerines, fancy, $7.00
@8.00; kumquats, $3.25@3.50; limes, fan
cy, $12.00.
METAL MARKET
NEW YORK, May B.—Copper steady;
.electrolytic, spot and nearby, 13; later,
13@13%. Tin steady; spot and nearby,
30.75; futures. 30.87. Iron steady; No. 1
northern. $23.00@25.00: No. 2 northern,
$22.00@24.00; No. 2 southern. $17.00@17.50.
Lead steady; spot. $5.25@5.50. Zinc quiet;
East St. Louis delivery, spot, 5.10@5.15.
Antimony, spot,' 5.25. __
Danish Parliament
Protects Farmer
COPENHAGEN, May 6—Protec
tion of the interests of the farmer
has become as important an issue
in the Danish parliament as in the
United States congress.
On the one hand the government
is being criticized by the trade union
ists and some other political organi
zations on the ground that the gov
ernment is treating the farmers to.
paternally. On the other hand the
Danish Farmers’ association, a
strong organization, is hectoring the
government for not protecting the
farmers’ interests and for alleged
failure to fulfill the government’s
policy of strict economy in state af
fairs.
The farmers’ association is
threatening to form an independent
political party unless the govern
ment takes care of their interests
more satisfactorily.
As showing need of greater econ
ony in government affairs it is
pointed out that the Danish state
railways—and nearly all of the rail
ways in Denmark are owned by the
government—show a net loss for the
last month of 38,400,000 kroner ..about
$7,680,000 at current rates of ex
change).
Higher wages coupled with in
creased passenger fares and freight
rates and state official management
[ are blamed here as the chief reasons
I of this costly result of allowing the
state to own and operate the rail
ways.
Democratic Committeemen
WAYCROSS, May James Sin
clair was elected chairman and L. J.
Smith, secretary of the Democratic
executive committee at a mass meet
ing held Wednesday for that pur
pose. Committeemen from each
militia district were also chosen.
New Egyptian Flag
! CAIRO, Egypt, May 6.—lt is an
j nouneed that the new Egyptian flag
I will be green, with three white stars
and a white crescent. The royal flag
' will have in addition a
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23 3 -■ ■ - - - -j
HOW TO BUY MINING STOCKS
Roger W. Babson Points Out Peculiarities of* This
Group j
WELLESLEY HILLS, May 6.
When asked for an opinion on cer
tain mining stocks, Roger W. Bab
son, advisor to over 10,000 investors,
today pointed out three basic prin
ciples that should be borne clearly in
mind by any one contemplating the
purchase of this group of stocks.
“The industries engaged in pro
duction of raw materials,” observed
Mr. Babson, “may be divided rough
ly into three groups, Mineral, Veg
etable -and Animal.
“The first group, Mineral, in
rludes all of the various mining
projects. Fundamentally it is the
weakest group because the investors’
dividends from mining stocks come
largely from his principal. A mining
company is very much like a barrel
of apples, when you take one apple
from the barrel there is one less ap
ple in the barrel. Every dividend
on egets from the stock of a mining
company represents the return of a
portion of the principal invested.
This means that if you have a stock,
for instance, in a certain mine that
has a life of 33 1-2 years, and you re
ceive a dividend of 6 per cent on
that stock, you are really receiving
a dividend of only 3 per cent on your
investment, the other 3 per cent is
the return of your principal.
“You see, mining stock, to com
pare favorably with any other kind
of stock, should pay at least 3 per
cent or 4 per cent more to cover
this return of principal. The only
proper way for the investor to keep
his books is to divide the dividends
he receives on mining stocks into
two portions. One portion is to be
credited to principal, and the other
to interest.
“There, however, is another rea
son why mining stocks are different
from other stocks. When buying a
mining stock one bets on what is in
the ground. Yet* one never knows
what there is in the ground until
after he has spent his money to get
it out. An admission fee must be
paid before one knows what there is
inside to see. As 95 per cent of the
mining companies never gets ore on
a paying basis and 5 per cent are
very profitable, this is gambling to
the nth degree.
“Mining securities for these rea
sons represent the most speculative
class of stocks, although most peo
ple do not appreciate this fact. A
Methodist who does not believe in
playing cards, may buy mining
stocks, and it is considered perfect
ly all right. He would, however, get
far better mental training if he
played poker and in many instances
his percentage of loss would be less.
“I do not mean to infer,” contin
ued Mr. Babson, “that mining
stocks as a class should not be pur
chased, only that they should not
be bought on a hit or miss basis.
The copper industry, for instance,
is absolutely legitimate, as farming,
FLAPPER TODAY NO WORSE
THAN “MISS PRIM” OF OLD
RUTH SN YDER
NEW YORK.—IIs the “flapper"
and “modern girl” the product of
her mother's generation?
Just how much are the parents to
blame, or, shall we say to b«
praised?
For —
Is the girl of today beter or worse
than her glorious predecessor?
A jury of twelve prominent men
and women have voiced their opin
ions.
Seven to five they stand in favor
pf “Miss 1922.”
The cry rings from all sides too —
north, south, east and west.
Here are the voters and their ver
dict:
Mrs. Sumner Gerard, sister-in-law
of James W. Garard, former am
bassador to Germany. From At
lantic City comes her challenge:
“Girls of today beat all others.”
From Chicago Prof. Frank M.
Hunter at a meeting of the super
intendents’ department of the Na
tional Education association:
“Flapper better than reformer.”
From Andover, Mass., Dr. Alfred
Stearns, for twenty-one years prin
cipal of Phillips academy, sends out
the dictum:
“Flappers’ parents blame for
‘flap.’ ”
From Poughkeepsie, N. Y., Bur
gess Johnson, professor of English
at Vassar college, proclaims:
“I like the ybung undergraduates
—tha whole lot of them. I like their
poise, their prevailing common sense
and their earnestness of purpose.”
From Baltimore, Mr., William W.
Guth, president of Goucher college,
defends:
“The statement of Dr. Alfred
Stearns ... is not true so far
as the parents of our own students
are concerned.”
From our own city, New York,
but from tbe lips of a visiting Eng
lishman. E. Phillips Oppenheim, de
clares:
“The guardians girls at the
present time have become more tol
erant in their control of the young
er mind.”
From Washington, D. C., and from
the lips of our Oklahoma congress
woman, Representative Alice Robert
son;
“As mother of today flaps, so will
her daughter!”
From Lester F. Scott, national
executive of the Camp Fire Girls of
America —and therefore a voice from
over the country:
“Frivolity of girls put up to par
ents.”
From Oxford college, Oxford, 0.,
building, or operating a water pow
er, it is here to stay. When you
buy an interest in the copper indus
try, you are getting into a legiti
mate business, in a legitimate way.
The distinction between buying into
the industry instead of buying stock
in a single company must, however,
be kept clearly in mind.
ntrplvN shrdlu etaoin shrdlu shrta
“There are several thousand dif
ferent copper mining stocks on the
market today and yet eighteen of
these companies produce 80 per cent
of the copper. By buying the stocks
of these eighteen companies, you
can have an interest in 80 per cent
of the industry. The point is this. If
you put say SI,BOO into these eight
een companies, you are not betting
on any one company. You are buy
ing an interest in the copper of
America, and the value of your stock
depends not on whether copper is
found here or there, but rather on
the price of copper as determined
by the law of supply and demand.
“This particular group of stocks,
representing the industry, naturally
fluctuates with it. With a great sur
plus of copper on the market, as was
the case last year, the stocks go to
the low levels. That is the time to
buy your interest in the industry* If
you hold these stocks until the sur
plus is absorbed and the price of
copper goes up, these securities in
crease in price and should then be
sold out. By following this basic plan
you can make a very handsome
profit over a period of two or three
years, and you assume practically
no risk. As you are not planning on
them as a permanent investment,
you need not bother with amortiza
tion, or the setting aside of a portion
of dividends to cover diminishing
principal.
“This is the safest way to invest
in mining stocks of any kind. Coal
stocks, lumber stocks, oil stocks, fer
tilizer stocks, and pulp stocks, in
fact the stock of any industry en
gaged primarily in the production of
raw materials, the supply of which
is constantly diminishing, should be
placed in the same group.”
When asked the names of the
eighteen companies who practically
control the copper industry, Mr.
Babson named several, including
Anaconda, Phelps, Dodge, Utah,
Kennecott, Inspiration, Ray Consoli
dated, Calumet and Heda, Chino, Ne
vada Consolidated, Green Cananea,
Miami, Calumet and Arizona, Copper
Range.
The recent improvement in the
general feeling among business men
is beginning to be reflected in gen
eral business conditions. The index
of the Babson chart, for instance,
shows general business 15 per cent
below normal, as compared with 19
per cent below a week ago.
Miss Eleanor N. Adams proclaims:
“College flappers are better than
their mothers.”
From Ithaca, N. Y., Mrs. G. L.
White, dean of women, at Cornell
says:
“They’re the same old girls.”
From Washington, Miss Janet
Richards issues her statement:
“Mothers no longer take the trou
ble to instil into their children’s
minds the fine high ideals of woman
hood which were once given them.”
Mrs. Margot Asquith, wife of the
former prime minister of Great Brit
ain, has studied our younger gener
ation and finds:
“They are no worse today than
they were twenty years ago.
“Os course, the modern girl has
been done to death. Recently, the
hue and cry have risen to unusual
heights. Perhaps it is the climax.
At any rate, probably the most re
cent cries have arisen from the de
nunciation of Dr. Alfred Stearns of
Phillips academy:
“ ‘Flappers’ would not flap if their
mothers were not several leaps
ahead of them in the art and sons
would follow a narrow path if not
handicapped by some fathers,” he
declared.
Radicals and Policemen
Battle Mexican Citizens
MEXICO CITY, May B.—(By the
Associated Press) —Six persons were
killed and sixty wounded, several of
them seriously, in Uruapan, in the
state of Michoacan, yesterday, when
a group of radicals, aided by the
police, battled against the city coun
cilmen and their sympathiers, fol
lowing a disagreement concerning a
minor city election, says a dispatch
to El Universal today from that
city.
Women to Meet Next
In Winston-Salem
GREENSBORO, N. C., May B.
The 1923 convention of the North
Carolina Federatio nos Women’s
clubs will be held at Winston-Salem,
it was decided at the closing session
Friday of the meeting here.
Cutting Her Off Short
Gaysport—The later I stay out nights the
less my wife says about it.
Rounder —That's fine. She must be very
good natured.
Gaysport—She's not, hut the later I come
home the less time she has to talk about it.
BUSINESS IN MIT i
BEST 13 MS i
STSTiSIIGS ■
BY HARDEN COLFAX
(Leased Wire Service to The Journal.)
(Copyright. 1922.)
WASHINGTON. May 6.—Reports
from a score of major industries and ;
more than 100 industrial centers <
throughout the country, received
here by government and other agen- I
cies, disclose the first week in May '
as the most prosperous period the j
United States has enjoyed for twen- j
ty months.
There are three outstanding ex- >
ceptions to the return of industrial i
activity, however, and in each case j
the trouble is attributed to labor i
difficulties. These exceptions are :
the coal industry, at present in la- i
bor deadlock; the textile indust&y,
where the lingering strike still per
sists; and the railroads, which are
so affected by the coal situation as ;
to show material curtailment in
traffic. In the latter case, however,
loadings are greater than they were
last year.
Sharp price advances in a dozen
or more commodities and a threat of
approaching labor shortage accen
tuate the rapid return of prosperity.
The cost of living is going up, gov- ,
ernment figures show, as normal ;
industrial conditions are approached. !
The rise has occurred in iron, steel, j
lumber, coal, lead, zinc, copper, silk, !
gasoline,’'■brick, cotton, wheat, to-j
bacco, wool, corn, oats and live
stock. Os all th? major commodi
ties entering into our industrial life
today only two —chemicals and crude
oil —remain listless in price.
Labor Shortage
Labor seems about to emerge from
a period of unemployment to a day
of shortage. Here, for instance, is
the substance of what the employ
ment bureau of the department of
labor reports today from the indus
trial and farming state of New Jer
sey:
In Newark, a shortage of factory
employes, an acute shortage of farm
labor and a. strong demand for car
penters and painters; in Jersey City
a general shortage of unskilled la
bor; in Trenton, a state-wide short
age, threatening most serious re
sults, of farm labor; in Paterson, silk
mills running ‘short-handed; in
Perth Amboy, a threatened shortage
of common labor; in Passaic, a short
age in the building trades; and in
Camden, a growing demand for
farm labor which, it seems impossi
ble to satisfy.
Os all industrial activities the
building trades are busiest. In New
York, there is an acute shortage of
building brick. In the south, lum
ber mills have taken orders during
the past two weeks for fifty per cent
more than capacity and many mills
have withdrawn entirely from the;
market. Wages in some of the b’g
cities have been advanced by the
“snowballing” process and skilled
mechanics in virtually all branches
of the building trades can get full |
time employment at wages.
Lumber prices are reported by!
private agencies to have advanced |
about $3 per thousand feet within .
the past six weeks. Surplus stocks I
have almost disappeared. Dealers i
in building materials in New York
recently have withdrawn quotations
entirely, because of shortage of sup
plies and rapidly mounting prices.
It costs more today, generally speak- j
ing, to build a house, both for ma
terial and labor, than it did two'
months ago. April figures on the
extent of building activity will be
public within a few days, and they
are expected to show a substantial .
increase over the high figures for
March.
Iron and Steel
Prices of iron and steel and their
products are reported from Pitts- I
# burg to have advanced about ten
per cent within six weeks. The mar
ket has turned, with startling sud
denness, from the doldrums to fever
ish activity. Spot deliveries of some
products are so hard to get that
premiums are offered.. All the mak
ings of a runaway market are pres- |
ent and were the situation not in
strong hands and under absolute con
trol, swiftly mounting prices might
reasonably be expected.
Coal prices have risen. In West I
Virginia, non-union field advances
are reported from 10 to 25 cents a
ton. In the central Pennsylvania
fields the advances are reported to
range from 25 cents to a dollar a I
ton. The labor deadlock remains j
unchanged.
The price of lead is up from 15 ;
to 20 per cent; that of zinc has
mounted about eight per cent in six !
weeks. Bricks are 10 per cent high- 'i
er than they were January 1. Cop- j
per sales at the high price of 13 i
cents have been reported. One large
buyer recently place an order for
7,000,000 pounds.
The automobile industry is boom
ing. Ford has announced his in
tention to produce 120,000 cars this
month, as against his previous
high record of 109,000. The Pack
ard company is reported as having
put 1,000 more men to work within
the past weeks. April produc
tion probably exceeds that of March
by fifteen per cent, bringing the to
tal output of cars for the first four
months of the year past the 550,000 ■
mark. A month ago the manufac 1
turers expected to equal the 192.1
output this year; today they expect
to surpass it. .
BASEBALL
BULLETINS
■ •
j Standing of Clubs
SOUTHERN LEAGUE
Clubs— Won. Lost. Pct.
Littljs Rock 15 8 .652
Mobile 15 <) .625
Mobile 13 10 .600
New Orleans ... 12 10 .545
Nashville 11 12 .478
| Bi rm ing ha in 10 ];< .435
: Chattanooga 8' 16 .333
1 ATLANTA 7 15 .318
AMERICAN LEAGUE
Clubs— Won. Lost. Pct.
I New York 16 7 .682
I St. Louis J 4 8 .636
'Cleveland n 10 .524
Chicago 10 10 .500
I Philadelphia 9 11 .450
I Boston 8 10 ,W 4
I Washington 9 13 .409
I Detroit ELLADA:' 7 14 ' 333
NATIONAL LEAGUE
I Clubs— Won. Lost. Pet.
: New York ’ 16 4 .800
■ Chicago 12 7 .632
i St. Louis 12 8 .609
) Pittsburg 10 10 .500
; Brooklyn 10 9 .474
; Philadelphia 6 11 .353
; Cincinnati 7 16 .304
Boston ......... 5 13 .278
SATURDAYS RESULTS
SOUTHERN LEAGUE
; Atlanta, 3-5; Memphis, 7-5.
Little Rock, 5-5; Mobile, 14-3.
Birmingham, 5: Nashville, 2.
New Orleans, 12; Chattanooga. 2.
NATIONAL~I.EAGUE
Boston. 2; Brooklyn, 15.
New York. 3; Philadelphia, 2.
Chiengo. 11; Pittsburg, 7.
Cincinnati, 5; St. Louis, 4.
'american~league
Cleveland. 6; St. Louis, 2.
Boston, 0; Washington, 1.
New York, 2; Philadelphia, 0.
j Detroit, 8; Chicago. 1.
apalachiajFleague
; Knoxville, 7; Bristol, 1.
I Johnson City. 3: Kingsport, 5.
I Greenville, 2; Cleveland, 6.
■ COTTON STATES LEAGUE
| Jackson, 2; Greenville,3.
i Meridian, 2; Greenwood, 1.
Clarksilale, 7; Vicksburg, 0.
SOUTH ATLANTIS LEAGUE
Charleston, 3; Charlotte, 1.
Spartanburg 2; Augusta, 3.
Greenville, 3; Columbia, 6.
FLORIDA STATE LEAGUE
Jacksonville, 6; Lakeland, 5.
St. Petersburg, 8. Tampa, 7.
Orlando, 3; Daytona, 1.
PIEDMONT LEAGUE
Raleigh, 6; Greensboro, 4. -
High Point, 3; Durham, 1.
Wniston-Salem, 4; Danville, 8.
SUNDAY’S RESULTS
SOUTHERN LEAGUE
Memphis, 5; Atlanta, 3.
Chattanooga, 4; New Orleans, 3.
Nashville, 10; Birmingham, I*7.
Little Rock. 10: Mobile. 4.
AMERICAN LEAGUE
Cleveland, 6. Chicago, 3.
St. Louis, 6: Detroit, 1.
New York, 5; Philadelphia, 4.
Washington-Boston, rain.
NATIONAL~LEAGUE
Chicago, 1. Pittsburg, 3.
Cincinnati ?,2; St. Louis, 3.
Boston-Brooklyn, rain.
Philadelphia-New York. rain.
COTTON STATES LEAGUE
Jackson, 6-2; Greenville. 3-1.
Meridian, 2-2; Greenwood, 1-7.
Clarksdale, 1; Vicksburg, 5.
SOUTH _ ATLANTIC
Greenville, 0: Columbia, 6.
Spartanburg, 7; Augusta, 3.
Charleston, 9; Charlotte. 5,
PIEDMONT LEAGVE
Raleigh. '4.
Higli Point. 2; Durham? 5.
Winstan-Solem-Danville, rain.
FLORIDALEAGUE
Jacksonville. 1. Lakeland, 6.
St. Petersburg, 10; Tampa, 5.
, Orlando, 8; Daytona, 8 (eleven innings,
darkness).
Lightning Kills Ranger
ASHEVILLE, May 6.—Mr. Leroy
| O’Kelly, a forest ranger, was in
| stantly killed and his wife was
I seriously burned by a bolt of light-
I ning which struck their home, three
: miles from Pisgah Forest, Thursday
night.
The tragedy occurred during 3
heavy rain and electrical storm. The
house was severely damaged by
(the impact and was partially burn-
I ed. Verne Rhoades, supervisor of
I the local United States forest serv
ice, left this morning to investigate
tho circumstances and take charge
of affairs. ,
Science Discovers
Greatest Lice Killer
Changes Old Methods. No Dust
ing or Spraying. Birds De
louse Themselves.. Gives
Lasting Relief.
A recent discovery promises to revolution-
I ize nil the methods accepted up to now for
keeping poultry free from lice and mites.
This wonderful lice killer keeps the birds
always lice free without the poultry raiser
doing anv work. It is the simplest, easiest,
surest and best method ever discovered.
I Hick’s Lice Kill, which is the name ol
* this sensational lice killer, is added to Xhe
drinking water. The medicine taken into
f the system of the bird comes out through
i the pores and everv louse or mite dies or
leaves the bodv. It does not injure the
hatchability or flavor of the eggs or meat;
is harmless to chicks and does not affect the
plumage. A few days’ treatment at the
start and then a little in the drinking water
each month. ,
A Trial Costs You Nothing
So confident is Mr. Hick that Hick’s Lice
Kill will kill every louse or mite, that he is
making a special guaranteed offer of two
regular full sized, double strength, SI.OO bot
tles and a regular 81.00 package of Hick’s
Egg-Lay Tablets all for SI.OO. Use one bot
tle yourself and sell the other at one dollar,
thus getting your own free. Send SI.OO today
(currency, money order, check, etc.) to
Chas. SI. Hicks & Co.. Dept. 1204. 1018 8.
: wanasn Ave., Chicago, Hl. it you prerer,
' send no money, just your name and address,
i and pay nostman SI.OO and postage on de
l livery, if after two weeks' trial you are
’ not absolutely satisfied, ■write Mr. Hick and
I jour money will be refunded. .
TUESDAY, MAY 9,1922 T.
PROSPERUY ON WAY
oaissMs
WASHINGTON, May 6.—A new
wave of prosperity, better times and
ample employment is about to sweep
the country in the view o Secre
tary of Labor Davis.
After a conference with the direc
tor of the employment service of
his department and consultation
with other officials Mr. Davis today
gave a resume of the industrial and
economic situation in the country at
the present time.
Edith Kelly Gould
Will Not Get $5,000
NEW YORK, May 6.—The order
of Supreme Court Justice Guy which
would have granted Edith Kelly
Gould $5,000 to reopen in New York
state her suit to divorce Frank J.
Gould was reversed today by the
appellate division of the supreme
court. The justices unanimously
denied her application for an allow
ance and. held she had no cause for
action.
Mr. Gould obtained a divorce from
her in France in 1919.
Michigan Land Case
Defendants Freed
CHATTANOOGA, Tenn., May 3.
—Robert Jackman, A. G. Lochmul
ler and H. S. Stevenson, of Chicago,
defendant in the Cadillac, Mich.,
land case, which has occupied fed
eral court here for about ten days
were acquitted today of the charges
of conspiracy to defraud and use
of the United States mails in fur
therance of their methods in selling
lots in Boulevard Beach addition on
the west coast of Lake Mitchell,
near Cadillac. ;
Sumter Tax Assessors
AMERICUS, ' Ga.. May 6.—8. E.
Thrasher, Jr., B. P. Willford and
Frank A. Wilson will constitute the
board of tax assessors of Sumter
county, according to announcement
here. Mr. Wilson, who is chairman
of the board, is the only member of
the board that served last year to be
retained by the commissioners.
Thrasher, a resident of Plains, suc
< eds J. H. Myers, while Mr. Willi
ford, an Americus man, succeeds
George D. Wheatley, who resigned
several weeks ago. Williford has
served as a city t : assessor sev
eral times during the past ten years.
Adlw!r&®m(mfcs
BUY <o® SELL
Classified advertisements in The Trl-Weekly Journal can be used
by our readers to sell anything useful to others and to buy many things
they need. Oftentimes things are offered for less than market price.
The rate for this advertising Is 60 cents a line for a week—three
issues, beginning Tuesday. Six usual words are counted as a line. Two
lines is the smallest ad used.
Send your ad with payment to reach us by Saturday.
THE TEE-WEEKLY JJOUKNAL
ATLANTA, GA.
WANTED
EARN sllO to $250 monthly, expenses paid,
as railway traffic inspector. Position guar
anteed after 3 months spare-time study or
money refunded. Excellent opportunities.
Write for free booklet. E-257 Stand. Bus
iness Training Inst., Buffalo, N. Y.
CIVIL service examinations for May, June.
. Many vacancies, $l2O monthly. Age, 18
xipward. Experience unnecessary. For free
list positions now open, write R. Terry
(former civil service examiner), 117 Con
tinental Bldg., Washington, D. C.
MEN—Age 17 to 45; experience unneces
sary; travel; make secret investigations,
reports; salaries; expenses. American For
eign Detective Agency, 322, St. Louis.
BECOME automobile experts. Hundreds va
cancies, $45 week. . Learn while earning.
Write Franklin Institute, Dept. E-422. Roch
ester. N. Y.
BE A DETECTIVE—SSO-$ 100 weekly; trav
el over world; experience unnecessary.
American Detective Agency, 1013 Lucas,
St. Louis.
MEN WANTED to make secret Investiga
tions and reports. Experience unneces
sary. Write J. Gauor, former government
detective. 108. St. Louis.
BE A DETECTIVE —Excellent opportunity;
good pay: travel. Write C. T. Ludwig,
168 Westover bldg., Kansas City, Mo.
WANTED HELP—
MEN—WOMEN—GIRLS—Get U. S. govern
ment life jobs. Steady work. Com
mence $92 to $135 month. Quick, sure
raise. Paid vacation. Pleasant work.
Short hours. Common education sufficient.
Pull unnecessary. Write immediately for
free list positions. Franklin Institute, Dept.
E-80, Rochester, N. Y.
W ANTED H ELP—FEM ALE
WOMEN—GIRLS—Learn dress designing:
$35 week. Learn while earning. Sample
lessons free. Franklin Institute, Dept.
E-510, Rochester, N. Y.
„ WANTED—SALEMEN
SIDE LINE salesman wanted to- sell coai
to your trade in carload lots. Earn a
week's pay in an hour. For particulars
write, Washington Coal Co., 3515 South Ra
cine. Chicago.
FRUIT TREE SALESMEN Profitable,
pleasant, permanent work. Good side line
for farmers, teachers and others. Concord
Nurseries, Dept. 20, Concord, Ga.
WANTED—TEACHERS
TEACHERS wanted for schools and col
leges. Write Teachers’ Mutual Exchange,
711 Atlanta Trust Co. Bldg., Atlanta.
TEACHERS —Let me tell you how to get
a first-grade license. B. S. Holden, El
lijay, Ga.
WANTED—FARMS
FARM WANTED—Send description and
price. John J. Black, Chippewa Falls. Wis.
Skeleton remains of a lizard
about eight feet long, which lived
in England millions of years ago,
have been found in Sussex.
M The Only Genuine
M Liberty Electric Stove
i\ . x "
I
I For Toasting, Cooking and
Frying Buy Only the Best
Special Price (£ O A A
Parcel Post, 20c Extra
With 6 ft. of Cord. 2-piece Plug that
fits any lamp or socket.
Guaranteed to give satisfaction or
money refunded. Polished nickel sur- .
face, 7% inches in diameter. f
CHAS. EMORY CO.
Distributor
Dept. J—l2o N. 13th St., Phila., Pa.
LaHaaunnzsßaaKsaaHmHnHaHKaaauaani
Rarpafne In automatics, shot
Raru?® iruna, fiahinfr tackle and other LAV
sporting items await tH” e fcr _
q&aft who Bend for thia bur, beauti- V vKO' U
fully illustrated freo cats- Jr x (\, .
lojr. Enjoy sensationally low ZV V A
■TO prices. Write now for yourZ V VITC
uH * ree copy - V
West 28th St., new York V
u. s. army goods
Sweeping Reductions —Wonderful Values. .
Prices less than half cost. 4
U. S. ARMY Cotton Khaki Shirts. QEj;
Brand-NEW. Special ,
U. S. Army Cotton Coats. Brand- nEj,
NEW. Reduced • .
U. S. Army Breeches, Cotton, in 711A *
good condition *
pppp Send today for free
1 I\LE Catalog Army Goods
DIXIE GOVERNMENT STORES,
Atlanta, Ga.
CANCER
NO CURE—NO PAY
Write for booklet J
Clear Creek Cancer San.
Cassville Ga.
for SALE-PLANTS
PORTO RICO potato plants, state inspect-
ed, true to name, prompt delivery; 500,
$1; 1,000, $1.50 postpaid; $1.25 1,000. Ex
press cabbage and tomato plants ready May
15. Write for price. Major Crow, Flow
ery Branch, Ga.
IMPROVED Porto Rico potato plants, $1.65
per thousand; ever 10,000 @51.45; mil
lions ready; cash with orders. B J. Head,
Alma, Ga.
PORTO RICO improved potato plants, $1.50
per 1,000; 5.000, $1.40 per 1,000; 10,000.
$1.30 per 1,000; fully guaranteefl. April 1 P
shipments, Brigman Plant Co., Baxley. Ga.
PORTO RICO and Nancy Hall potato plants,
prepaid, mail, 400, $1; 1,000, $2; express,
2,000, $3; 5,000, $6.25. Immediate ship- r
ment. Parker Farms, Atlanta, Ga.
PORTO RICO potato plants, $1.40 1,000;
5.000, $1.30 1,000; 10,000. $1.25 1,000.
Fully guaranteed: April Ist shipments. J.
H. Brigman. Baxley, Ga.
PURE Porto Rican potato plants, sl.lO cash.
Inspected: fill orders except Alabama,
Miss., South Carolina. Mullis Plant Co.,
Alma, Ga.
PORTO RICAN and Southern Queen potato
plants for sale at $1.50 per thousand, pre
paid: can ship at once. J. Q. Wilson, Ab
beville, Ga.
PORTO RICO potato plants, state inspect-
ed: 1.000 to 5,000, sl.lO per 1,000; over
5.000. sl, Mil ton D. Jones, Tifton, Ga.
S _ _
HOMESPUN smoking or chewing tobacco,
collect on delivery, 5 lb?., $1.50; 10 lbs.,
$2.50; 20 lbs., $4. Farmers’ Association,
Paducah, Ky.
MAGICAL GOODS Novelties, Lodestone,
Herbs, Cards, Dice, Books. Catalog Free.
G. Smythe Co., Newark. Mo. *
INVENTORS should write for our guido i
book, “How to Get Your Patent." Tells
terms and methods. Send sketch for dur
opinion of patentable nature. Randolph &
Co.. Dept. 60. Washington. D. C.
t DROPSY TREATMENT
T T gives quick relief. Dis*
I tressing symptoms rapidly
*• disajipear. Swelling and
short breath soon gone. Often
entire relief in 10 days. Never
heard of anything its equal
for dropsy. A trial treatment
sent by mail absolutely FREE.
DR. THOMAS E. GREEN
Box 18. CHATSWORTH. GA.
LEGTORES
Healed by ANTI-FLAMMA—a sootlilog anti
septic Poultice. Draws out poisons, ttop«
itcliitg around sores and heals while you
work. Write today, describing case, and get
FREE SAMPLE. Bayles Distributing C»w
1820 Grand Ave,, Kansas Mo.