Newspaper Page Text
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1
COTTON
NEW YORK, Feb. 7. —The cotton
market had rather a nervous and
unsettled appearance during today’s
early trading. The opening was
steady at a decline of 1 to 4 points
in response to relatively easy cables.
There was a rally right after the
call on covering and buying by trade
interesets with May selling up to
34.35 or 10 points net higher, but
this bulge met increased offerings
and the price soon reacted to 34.20.
Other months sold off also with the
general list showing net declines of
about 2 to S points during the early
trading under liquidation, local and
southern selling. Private cables re
ported a very quiet market in Liver
pool with spot demand poor. Some
of the early sellers in the local mar
ket were emphasizing the continued
complaints of an unsatisfactory de
mand for cotton goods and recent
reports that stocks of goods were ac-
■ cumulating in the hands of manu-
£; facturers.
& After selling off from 34.350
■ 34.06 c for May contracts, or about
■ 20 points below yesterday's closing
■ quotations on present crop deliver-
■ ies, the market became less active
F and there rallies later in the
r m rning on covering. May advanced
to 34.23 c and the market at midday
was steadier at net declines of 1 to
8 points on the' general list. The
later forenoon rally was accompan
ied by rumors of bullish domestic
consumption figures for January.
Trade interests were reported buy
mg on the early declines, supposed
to fix prices, but the demand of that
? character was less in evidence on
the advance. A telegram from New
I Orleans reported a contim.<e<* g>-° (
| export demand, including some buy
ing for Japanese account m the spot
market there.
The midday bulge met renewed
liquidation and prices eased off
again during the
Trading was quiet with May
- around 34.19 set 2 o’clock, or aoout
6 points net lower. New crop
months were relatively; steady ni.
October at 28.43, showing a net ad
vance of 10 points.
NEW YORK COTTON
The following were the ruling prices 1»
the exchange today:
Tone, steady; middling, 33.6->c; quiet.
Last Prev.
Open. High. Low. Sale. Close. Close.
Mar. .. 33.99 34.14 33.30 33.32 33.32 .34.04
May .. 31.20 34.25 33.50 33..>6
July .. 32.73 32.85 32.05 32.08 32.05 32..8
Oct. .. 28.31 28.45 28.05 28.05 28.0->
Cotton futures noon bids, steady: .March,
$3.86c; May, 33.55 c: July. $32.03c; October,
27.77 c; December, 27.37 c.
NEW ORLEANS COTTON
NEW ORLEANS, La., Feb. 7.
The early trading brought an irregu
lar and uncertain market to cotton
today After advances of live to ten
points the list fell off to levels one
up to ten down compared with the
close of yesterday. Some support
was had from continued cold weath
er in the cotton region with every’
indication that it would be followed
by more rain but this was offset by
private reports from England of un
favorable development in the dock
labor troubles. March traded as
high as 34.05 and as low as 33.88 in
the first half hour. Octoper traded
as high as 27.91 and as low as 27.82.
Offerings gradually increased and
the market had no real support from
any direction. Toward noon prices
|were 13 to 27 points under the close
~of yesterday. March traded as low
as 33.74 and October as low as 27.68
, Liquidation of long lines was given
as the main reason for the easiness.
The acted tired in the aft
ernoon and much selling out
which brokers claimed was due to
the failure of any real business to
develop in domestic dry goods mar
kets. Selling increased when sev
eral spot houses claimed that the
country was more inclined to turn
loose holdings of actual cotton. To
ward 1:30 o’clock prices were at net
declines of 19 to 42 points. March
fell to 33.57 c and October to 27.62 c.
NEW ORLEANS COTTON
The following were the ruling prices It
the exchange today:
Tone, steady; middling, 33.63 c; steady.
Last Prev.
Open. High. Low. Safe. Close. Close
Mar. .. 33.'.15 34.05 33.25 33.30 33.26 33.95
May .. 33,62 33.73 32.90 32.90 32.90 33.65
July .. 32.60 32.71 31.90 31.91 31.90 32.65
Oct. ~ 27.82 27.91 27.50 27.50 27.50 27.80
Cotton futures 11:15 n. m. bids, steady;
Marell. 33.97 c asked: May. 34.20 c; July,
$2.68c; October, 28.32 c: December, 27.88 c.
SPOT COTTON MARKET
Atlanta, steady, 33.50 c.
New York, steady, 33.65 c.
New Orleans, steady, 33.63 c.
Galveston, steady, 33.75 c.
Mobile, steady, 3,3 c.
Savannah, steady, 33.50 c.
Wilmington, steady, 33.60 c.
Norfolk, steady, 33.65 c.
Augusta, steady, 33.65 c.
Boston, steady, 31c.
Dallas, steady, 32.05 c.
fit. Louis, steady, 33.75 c.
Montgomery, steady, ,33.25 c.
Houston, steady, 33.65 c.
Memphis, steady, 3:;,65c.
ATLANTA SPOT COTTON
Atlanta spot cotton 33.50 c
Receipts 474
Shipments 413
Stocks 36.230 |
LIVERPOOL COTTON
LIVERPOOL, Feb. 7. —Cotton, spot, mod
erate business; prices easier. Good mid
dling, 20.17 d; fully middling, 19.67 d; mid
• tiling, 19.17(1: low middling. 18.17,1: good
ordinary. 17.17 d; ordinary, 16. Cud. Sales.
5,000 baleC including 3,100 American. Re
ceipts, 18,000 tulles, all American.
Futures closed quiet, 0 to IS points down
from previous < lose.
V Tone, quiet; sales 5.000; good middling,
| 20.17(1.
Prev,
Open. Close. Close
Februaryl9.39 1932 19.17
March 19.51 19.40 19.57
{ April 19.40 19.56
May 19.52 19.40 19.56
’■ June 19.2 S 19. <3
July 19.0 t is.<u 19.09
August IS. 07 IS. 22
September 17.24 17.30
October 10.65 16.61 10.67
November 16.2 S 16.34
December 16.18 16.21
CHICAGO PRODUCE MARKET
CHICAGO, Feb. 7.—Butter: Creamery,
extras, 49c: creamery, standards, 4|)%c;
firsts. 470 4Sc; seconds, 46(0 47c.
Eggs -Receipts. 5.275 dozen; ordinaries.
3TO 38c; firsts, 41 ft, 12’.v.
Cheese—Twins, 23%c; Young Americas,
24%024%c.
Live Poultry—Receipts, 1 car: fowls, 210
25c; ducks. 25c; geese. 18c; springs, 26c:
turkeys, 20c: roosters, 16c.
Potatoes—Receipts, 195 cars; Wisconsin
and Minnesota round whites, $1.3501.60;
Idaho Ri ai<. $1.70.
cottonseed OIL MARKET
Open. Close.
Spots 10.20010.50
February »10.150 10. at) 10.00010.25
March 10.490 10.50 It). .S 0 10.51
April 10.550 10.75 10.600 10.
May lO.sg/,, lO.sj 10.57010.5 S
tonne 10.550 10.95 10.900 10.99
Inly 11.1'0 ~’ 11.05 11.060 11.08
■ugusf 11.080'11.14 11.08
September It).90011.05 10.95011.05
KTone, easier; sales. 11.600.
b Liberty Bonds
KEW YORK. Feb. 7.—United States gov-
Birnt bonds closing:
3%» $ »9.4
WFerty first 4s. bid 99 9
Second 4s . 99.11
| First 4’,s 99.11
Second 4%s 99.1 I
Third 4%s 99 "1
Fourth 4’.,s 99.1 t
Treasury 4% 100.7
THE ATLANTA TKI-WLuIKLI JOURNAL
GRAIN
CHICAGO (Thursday), Feb. 7.
Wheat suffered a reaction today.
Sentiment early favored a setback.
The market has had a higher close
on nine consecutive days 'and thb
longs believed a reaction would tend
to make the position more healthy.
There was some commission house
realizing at the opening because of
the dip in Liverpool prices. A rally
followed almost immediately on some
buying by wire houses, but the buy
ing was not of the lasting kind and
the pressure on resting orders and
later by spreaders was said to cause
the later setback.
Wheat closed 5-8 to 1c lower. May,
sl,lll-2 to $1,115-8; July sl,lll-4
to sl.ll 1-8; September. sl.ll 1-8 to
sl.ll 1-4.
May and July corn reached new
high marks for the season at the
opening. September equalled the obi
high record. Local professionals
bought and forced the advance at
the start. Shipping demand was
light.
Corn was 1-4 to 3-8 c lower; May,
81 l-2c to 81 5-8 c; July, 811-2; Sep
tember, 81 l-2c.
July oats made a new high record
early, but the market reacted with
other grains in the later trading.
Shipping demand was better.
Oats were 1-8 to l-4c lower; May,
49 l-4c; July, 47 l-4c to 41 3-8 c; Sep
tember, 43 3-4 c.
Provisions were firm on buying by
cash interests and shorts. Larger
packers sold on the upturn. Cash
trade reported better.
I>ard closed unchanged, to 2 l-2c
higher, and ribs 10 cents lower,
CHICAGO QUOTATIONS
The following -were the ruling prices In
the exchange today;
Prev,
Open. H gh. Low. Close. Closa.
WHEAT—
May ....1.12% 1.12% 1.11% LU% Ll-’%
July ....1.12% 1.12% 1.11% 1.11% 1-13% <
Sept. ...1.12% 1.12% 1• 11 % 1.11% Lll% |
CORN—
May .... 81% 62% 81% 81% 81%
July .... 81-% 82 81% 81% 81% ,
Sept. ... 81% 82 81% 81% 81-%
OATS— .
May .... 49% 49% 49% 49% 49%
July .... 48% 47% 47% 47% 47%
Sept. ... 43% 44 40% 40% 43%
LARD—
M . lr 11.10 11.10 1
m’-iv 11-30 11.30 >
July 11-45 11.15
RIBS—
jIay 10.00 10.10 1
July 10.17 10.27 1
CHICAGO CASH QUOTATIONS
CHICAGO, Feb. 7, —Wheat. No. 2 red,
$1.14%; No. 2 hard. $1.11%01.111%. <
Corn, No. 2 mixed, 82e; No. 2 yellow, i
820>82%c. i
Oats, No. 2 white, 49%@50%c; No. 2 .
White, 49%c.
Rye, No. 2. 72%073%c.
Barley, 65082 c. 1
Timothy seed, $7.00@8.25. <
Clover seed, 18.00024.00. ]
Lard, $ll.OO.
Ribs, $9.75.
Bellies, $9.87.
BALTIMORE QUOTATIONS
BALTIMORE, Md., Feb. 7.—Onions, pota
toes and apples unchanged. .
Eggs, firsts, Maryland, Pennsylvania and 1
Virginia, 41042 c; southern, 40c.
Butter, creamery prints, 53055 c; danry t
prints, 25 030 c. |
Lite poultry, chickens, old hens, 18@24c; j
Leghorns, 18020 c; old roosters, 14015 c;
young, large, 27 0 28c; winter chickens, 310 r
32c; Leghorns, 20024 c. '
Ducks, young Peking, 30c.
I
NEW YORK PRODUCE MARKET <
NEW YORK,' Feb. 7.—Flour: Quiet and 1
steady. i
Pork—Dull; mess, $24.25024.75. ]
I.aid—Steadier; middle west spot, $11.60
011.70.
Sugar—Raw, quiet; centrifugal, 96-tesf. ]
7.28 c; refined, quiet; granulated, 8.600 <
8.90 c. i
Coffee —Rio No. 7, on spot, 12%c; No. 4 ]
Santos, 16%@17c. (
Tallow —Quiet: specials, 7%07%c.
Hay—Dull; No. 1, $1.45; No. 3, $1.15@ J
1.25.
Dressed Poultry—Steady; turkeys, 150
35e; chickens, 190 48c; fowls, IGQ'JIc; ,
capons, 26 0 45c; ducks, 20028 c; Long ,
Island, 27%029c.
Live Poultry—Firm; geese, 21024 c; ‘
ducks, 150.35 c; fowls, 23 0 29c; turkeys, 15 i
o'3sc; roosters, Hie; chickens, 24 0 35c:
broilers, 360 45c; capons, 24032 c, ;
Cheese —Quiet; whole milk, common to
specials, 16029 c; skims, choice to specials, j
15019 c; full skims, lower grades, 5014 c. ’
Butter—Firmer; receipts, 7,773 tubs; ]
creamery, extra, 51%c; creamery, special
market, 520 52’kc: state dairy, tubs, 430
51c; Danish. 50%@51%c: Argentine, 440
48%c; Canadian, 46%049%c.
Eggs—Firmer: receipts, 8,718; near-by 1
white fancy, 530 55c; near-by state whites.
46053 c; fresh firsts. 460 54c; Pacific const ■
extras, 46 053 c; western fliites, 46053 c;
near-by browns, 55c.
NEW YORK COFFEE MARKET
Open. Close.
March 12.25 12.500 12.'5
May 12.00 12.30012.32
July- 11.95 12.08012.09
September 12.00 12.00012.02
October 12.05 11.94
December 11.95 11.86011.88
Sugar Market
NEW YORK. Feb. 7.—The raw market
was ’steady early today. There were sales
of 25,’J01t bags of Cubas, prompt shipment al
7.28, duty paid. Other sugar were availa
ble at tlie same level but buyers appear to
be holding off. A renewal of heavy liquida
tion believed to be for Cuban account caused
a further decline of' 4 to 6 points in raw
sugar futures early. The break was fol
lowed by covering and some trade buying
which caused rallies of a few points, but
tlie market remained nervous and prices
were still 2 to 3 points net lower at mid-
Business in refined sugar was restricted
with fine granulated listed at 8.600 9.00.
Refined futures, nominal.
Open. Close.
March 5.45 5.35 0 5.36
Mny : 5.43 5.3.8
July 5.17 5.1205.43
September .... 5.45 5.43
December 4.1)0 4.9101.92
Naval Stores
SAVANNAH, Ga.. Feb. 7. Turpentine,
steady, 95e; sales, 97; receipts, 185; ship
ments, 138: stock. 12,200.
i Rosin, firm: sales. 1,013: receipts, 1,750;
1 shipments. 2,934; stock. 107.436.
Quote: B. D, E. $4,500 1.55; F. G, -IT,
I 51.500 1.60: 1. $4.550 4.60: K. 54.5004.55;
IM. $4.8005.20; N. $5,25@5.40: window
1 glass, $6.35; water white, X, $6.55.
METAL MARKET
NEW YORK. Feb. 7.—Copper, easier;
j electrolytic, spot and near-by, 12%@12%i :
futures, 12%e.
'Till, strong; spot and near-by, nominally j
$53 l>0; futures. 851.75052.t'0.
lion, steady; prices unchanged.
Lead, firm: spot, 55.250 8.50.
Zine, quiet: East St. Louis, spot and
' nenr-by. $6.65 0 6.70.
Antimony, spot. $10.50.
Silk Quotations
NEW YORK. Feb. 7.—Raw silk, e.-i-i :
prices per pound: Kansai double extra
cracks, 57.600 7.70: Kansai No. 1, 57.46'<( j
7.50: Sliiushu. No. 1. 7..;0e. 7.40: t auten |
extras A 1116. S7 106/7.15: Shanghai China
I steam fil gold double deer. $8.200 8.30.
| ' ATLANTA COTTONSEED PRODUCE
I (Corrected by Atlanta Commercial Ex- :
change.)
Bid. Asked. ;
Crude oil, basis prime t»nk..s 9.25
Cottonseed cake, 7 per cent
car lots
C. S. meal 1 per. cent am-
monia. car lots 42.50 43.50 i
j C. S. meal, at common rate
: 4 points, car lots 40.50 41.50 !
I C. S. hulls, loose, car lots.. 19.(X) 20.00 .
C. S. hulls, sacked, car lots . 21.0.) 22.00
I. nters. first cut. 10011 c.
, Linters, second cut (cottonseed hulls fiber or
■ sa\ ings. 70 Sc.
Enters, clean, mill run, 505%e.
Bad Again
Delays Shipments to
Chicago Stock Yards
BY L. C. GRUNDELAND
(Leased Wire Service to The Journal.)
(Copyright, 1921.) ,
INION STOCKYARDS, Chicago (Thurs
day), Feb. 7.—Lu favorable weather condi
tions again delayed tlie live stock supply,
and it was late in tlie day before tlie trade
started.
Some stock was held over from tlie day
before. Big killers did not have anything
forwarded from other trading points, but
they were slow to start. In the hog pens
about 11,600 were held over from the day
before and the market was somewhat lower
from the outset. Car report was 1,060 for
the local yards anil of these 230 had not
arrived at the opening of the market.
Receipts were 11,000 cattle, 40,000 hogs,
17,000 sheep and 3,000 calves.
Cattle values were mostly' lower from the
start. Some of the best steers sold about
like the day before, but the general run of
stuff showed a decline of 100 15 cents. Good
heavy steers sold at $10.000,10.35. The de
mand for calves again was active.
Hogs sold o@lo cents lower. Choice
heavy butchers went over at $7.45. Demand
for pigs showed up well and good lots sold at
$6. Demand for lambs was weak from the
start. Bulk of good animals sold at $14.30
@14.50.
LOUISVILLE, Ky.~Fi4>. 7.—Cattle: Re
ceipts, 100: steadv: heavv steers, SB,OOO
8.75: beef steers. $5.0008.50; heifers, $5.00
0.8,50: cows, $3,500:6.00; feeders, $4,500
6.50; stockers, $2.5005.75.
Hogs—Receipts, 2,000; steady to 15c low
er; 165 pounds up. $7.65; .120 to 165 pounds,
$6.60; pigs, $4.4005.15; throwouts, $5.60
down.
Sheep—R ecei p t s, 50; steady; lambs,
$ll.OO.
NASHVILLE, Tenn., Fell. 7.—Cattle; Re
ceipts, 100; steady; heavy steers, $7,000
8.00: beef steers, $5.00011.00; heifers, $5.50
0(1.50; cows, $3.5005.00; feeders, $4,500
6.50; stockers, $2.500 5.00.
Hogs—Receipts, 1,500; medium and heavy
hogs, 15c lower; light hogs and heavy pigs,
10c lower; 200 pounds and up, $7.70; 165 to
200 pounds, $7.60 130 to 165 pounds, $6.60;
pigs, $4.5005.25: throwouts, $5.60 down.
Sheep—Nominal, steady; fat sheep, $3.50
@4.50; choice lambs, $8.00@10.00.
ATLANTA, Feb. 6. (United States De
partment of Agriculture.)—Cattle: Receipts,
100; slow, steady; southern steers, $4,500
6.00; cutter steers, $3,250'4.50; mixed lots
light steers and fed site stock, $3.7504.50;
canners and cutters, $2.0002.75.
Hogs—Receipts, 800: steady; 1(10 to 250-
pottnrl Tennessee butchers, SB.OOO 8.25; 130
to 160 pounds mostly $7.50: seventy to nine
ty-pound pigs, $6.50; best 165-pound Georgia
hogs, SL25 l _
FALL AND SINCLAIR ~
BRANDED CRIMINALS
BY SENATOR REED
(Continued from Page J)
from further attendance on the com
mittee.” ,
Prosecutors’ Views
A. memorandum submitted by Mr.
Strawn and Mr. Pomerene said:
"If the committee should under
take to compel a witness to answer
u nder duress, either by contempt
proceedings in the senate, or through
the criminal process provided in sec
tion 104 of the revised statutes,-
necessarily the government would be
forced to take the position that sec
tion 859 is co-extensive with the im
munity provision of the fifth amend
ment to the constitution.
"If the witness is menaced by a
threat, either of punishment for con
tempt or proceedings in the district
court of the District of Columbia, he
acquiesce and testify, claim
ing that he is testifying under com
pulsion.
“Such a witness might assert that
tinder the constitution he cannot be
compelled to be a witness against
himself and that, if indicted, for an
offense relating to the subject mat
ter about which he is compelled to
testify, he would be immune against
the use of such testimony.
"The government, being forced to
take the position as above indicated,
that section 859 is cb-extensive with
tlie immunity of the fifth amend
ment, the witness would doubtless
insist that the position taken'by the
government above referred to would
work his complete immunity.
"The danger of proceeding along
those lines is that in the prosecution
of a witness who might subsequent
ly be indicted for an offense about
which he is compelled to testify, the
line of distinction between the evi
dence which the defendant was com
pelled to give and the other evidence
obtained as the result of his testi
mony, might be so indefinite as to
make it practically impossible to dis
tinguish, and, therefore, the prob
ability tis error would be great.
Might Preclude Evidence
“Indeed, the testimony of the wit
ness and the other evidence might
be so commingled as to preclude the
acceptance of any evidence concern->
ing the subject matter.
“In view of the provisions of the I
fifth amendment, we advise against
permitting Mr. Fall to testify un
less he waives his constitutional
privilege.” >
The committee will resume its in
vestigation tomorrow, but Senator
Walsh has not yet determined which
of the score q,nd more witnesses for
whom subpoenas have been issued
will be tailed.
Among new witnesses summonded
are Frank O. Wetmore, of the First
National Bank of Chicago, and
President Melden Traylor, of the
First Trust and Savings Bunk. Chi
cago, who are expected to giye in- I
formation concerning the sale by
former Secretary Fqll of the Albu
querque. N. M., Journal to Cary C.
Magee.
Fred G. Bon fils, publisher of the
Denver (Col.) Post, has requested
that he be heard and has informed
Senator Wal.sh he has information of
first importance. Thomas Johnson,
foreman of Mr. Fall's New Mexico
ranch, will be ready to testify to
morrow and a number of stock brok
ers also are under subnoena.
Turmoil Stirred Again
The oil-leasing turmoil blazed up
again today, after being subdued
since Saturday because of the death
°f Woodrow Wilson.
Without discussion,* the senate
adopted the Walsh resolution di- '
reeting the interior department to ■
move lor the recovery of the sec- ;
tion of the Elk Hills naval reserve in :
California held by the Standard Oil ,
Company of California.
Also without debate, the senate !
adopted another resolution reaffirm- ;
MUTT AND JEFF—ELEVEN P. M. AND ALL'S WELL WITH MUTT —RY BUD FISHER I
cVazy I s' ~~ /o7 ~~ AolJch/'A bx.' j S ; v -—*-
He brought HONA.G AcHtcxeie / <JR«' sKow<’ ' [ I uiV O p£ t k. / ,F r fc’WV kajowi k
! ( e-e-e-e.EW P I$ (X7 ham f
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(rr''' YY L w ’Y —A
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- |Mtf • ■ ■•.~~ ° o ° <■• ' g*~Tj
Ma j!s\ iSla -~
- ■ ■ ■— r
Ing the authority of Its oil commit
tee to proceed with its investiga
tion. The jurisdiction of the com
mittee had been challenged by Albert
13. Fall, former secretary of the in
terior, in his refusal to testify be
fore the committee last Saturday.
Partisan politics was injected
again txiday into the senate debate on
the oil leases.
Doheny Nomination Recalled
After Senator Walsh had read a
newspaper editorial suggesting that
President Coolidge ask Secretary
Denby and Attorney General Daugh
erty for their resignations, Senator
Willis, Republican, Ohio, read from
the proceedings of the 1920 Demo
cratic natural convention ‘he
speech in which Edward D| Doheny
was placed in nomination for the
vice presidency.
Senator Harrison, Democrat, Mis
sissippi, declared .he knew Doheny
had voted the Republican ticket in
that year because the Democratic
presidential candidate announced
that he would not use the military
fo”ccs of the United States to pro
tect "oil speculators in Mexico.”
“J would like to inquire,” Senator
Glass, democrat, Virginia, said, “if
there was any reference in that
nominating speech to the skill of the
proposed candidate in bribing Re
publican cabinet officers?”
Secretary Denby, in a telegram to
Roy D. Chapin, of Detroit, replying
to a message of confidence, last night
reiterate 1 his contentions that the
leases were sanctioned by law and
were beneficial to the government
and that the transfer of jurisdiction
over them from the navy to the in
terior department also was legal.
Secretary Denby made public last
night an extended statement explain
ing and defending his course in as
senting to the lease of the naval oil
reserves.
Denby Defends Course
Asserting that there are involved
three basic questions the naval sec
retary answered them all in the af
firmative; that the transfer of ad
ministration from his department to
the interior department was legal;
that the leases themselves were legal
and carried out the expressed will of
congress; that they were beneficial
to the government, preventing the
further loss of millions of dollars’
worth of oil and greatly increasing
the power of the navy to defend the
country.
The navy secretary made no men
tion of this resolution in his state
ment tonight, wheih was in the form
of a telegram to Roy D. Chaplin, of
Detroit, in reply to the message of
confidence received some days ago
from 225 citizens of Michigan.
Stating that he had received hun
dreds o. .ecters and telem--ms from
Michigan and all parts of the union,
Mr. Denby declared that "such a
demonstration of faith requires that
I shall give yop the reasons why
that faith is not misplaced.”
“When I came into office,” his
message continued, “I was very
shortly convinced that the oil re
serve lands which had been set
aside by congress for the benefit
of the United States navy were be
ing drained by private owned wells
adjoining those reserves. That they
were being drained is undisputed.
“Congress, under date of June 4
1920, gave the following powers to
the secretary of the navy,
“ ‘That the secretary of the navy
is directed to take possession of all
properties within the naval petro’-
eum reserves as are or may become
subject to the control and use bv
the United States for naval pur
poses—: to conserve, develop, use.
and operate the same in his discre
tion, directly or by contract, lease
or otherwise, and to use, store, ex
change or sell the oil and gas prod
ucts thereof, and those from all roy
alty oil from lands in the naval
reserves, for the benefit of the Unit
ed States.”
Charged With Protection
“Under these powers the secre
tary of the navy was charged with
the duty of protecting the oil thus
confined to his care. In
out the will of congress I had three
courses open to me;
“(1). To d o nothing and guard
what would have been ultimately
an, empty shell because most of the
PR I
f this jewelry is ynura for ttclling nnty
6 Boxes Mentho-Nova Salve at 25c. Won*
derful for catarrh,cuta.burna,etc. Order to-
Hay. When sold return 51.50 and ali 5 pieces are
oan - U. S. SUPPLY C 0.." LF47 Graenvilla. Pa.
S"I
SANT
You”
SI2OO tos3ooo Year
MEN, WOMEN, 18 up
U. S. Government Job MAIL
Common education COUPON
sufficient. BELOW
STEADY Franklin Institute
WORK
Dept. H 204, Rochester, N. Y.
This coupon, filled out as directed,
entitles tlie sender to (1) free speci
' men examination questions; (2) a free
copy of our Ixiok. "Government Positions
and How to Get them"; (3) tree Use of
positions now obtainble.
COUPON
....Railway Postal Clerk (SI6OO to $2300)
....Income Tax Auditors ($2040 to s.:000)
. ...I’ostoffice Clerk (SI4OO to $1800)
....City Mail Cai-rft-r (SI4OO to $1,800)
....Rural Mail Carrier (SIBOO to $2600)
....Customs Positions ($llOO to $2000)
Name
Address
Use It before you lose It. Wrle plainly
oil would have been drained away
from it:
“(2). To endeavor to create the
machinery for handling tn situa
tion under the navy department by
governmental drilling, etc.; or
“(3). To lease the right to drill
under proper conditions to private
enterprises. In the execution of this
last course, I had two alternatives,
one to lease the drilling privilege
and have paid into the treasury the
value K of the royalty oil belonging
to the navy under such leasing con
tract, or to retain aiid preserve the
oil above the surface, since it could
not be preserved below for Ute use
and benefit of the United States.
“The interior department has un
der its jurisdiction 7,622,500 acres of
public oil lands already leased to
private enterprise. The total naval
oil reserve lands now under discus
sion amount to 51,623 acres. The
policy of the administration was co
ordination of governmental activi
ties and not duplication. Therefore,
I took up wit hthe secretary of the
interior ana the president the ques
tion of transferring the administra
tion and custody of these naval pe
troleum reserves to the department
of the interior, reserving to the
navy department the general policy
as to drilling on jjteh lands. By
executive order, dated May 31, 1921,
the president made these recommen
dations effective.
Storage Facilities Obtained
“The interior and navy depart- ‘
ments thereafter entered into agree
ments with the Mammoth Oil com
pany and the Pan-American Petro
leum and Transport company to
drill when necessary and to con
serve for the use of ‘the navy the
petroleum products under terms and
conditions favorable and beneficial
to the government of the United
States. They provided for great
storage tanks filled with oil at
points where naval experts thought
they should best be located. These
tanks were to be paid for out ol
naval reserve oil. Not a dollar in
money came from the treasury. The
contractors built tankage and other
works by direction of the navy and
under navy specifications and havy
control as to expenditure. No profit
but only bare cost was allowed in
the construction of these tanks.
“The royalties and other con
sideration are believed to be the
best the government could possibly
get. Under these leases the navy will
l»e provided with fuel oil to be used
in an emergency, which means war.
in a quantity readily accessible which
will probably last the fleet one year.
“Oil does not deteriorate to an
appreciable extent in storage. The
defenses of the United States were
made greatly more secure by this I
action. I
"These facts have been well-known
to the public ever since the transfer
to the interior department was made
and the leases were executed.
“The basic questions are:
“First. Did the secretary of the
navy act within the law when he
asked for the transfer of the admin
istration of the oil lands to the de
partment of the interior which had
control of all the other oil lands of j
the public domain? As to this ques
tion 1 emphatically assert that the
transfer was legal.
"Second: Was the execution of
the agreements with the Mammoth
Oil company and the Pan-American
Petroleum and Transport company
legal and done with due authority?
I affirm that the leases were legal
and did carry out the expressed will
of congress.
Beneficial, He Insists
“Third: Were these leases benefi
cial to the United States? I answer, I
they were beneficial. They prevent
ed the further loss of millions of dol
lars worth of oil. They placed oil :
on the coast and in the Hawaiian Is-
WOWIEN!DYEFfIDED
THINGS NEW M
Dye or Tint any Worn, Shab- ;
by Garment or Drapery
<Zjianiond PyeJ>
Each 15-cent package of “Diamond
Dyes” contains directions so simpie
that any woman can dye or tint any
old, worn, faded thing new, even if
she has never dyed before. Choose
any color at drug store.
1 (Advertisement.)
wWB
Nev
Fakia ,
Worth
»3-« O
NO MONEYZ^TLTUZ
UndU. Mfanv CfW at 11. M. Mrtarttfoe offer
•▼•r mode. Jut aead nana and ad dree* and bqskdlo baraate
vffl ba ahippod to yoa at onca by return i&all.
ON APPROVAL AT OUR RISK
• •■•■rr Stnd for Big FREE Catalog
BERNARD-HEWITT & CO.
OwH- B 01062 OHICACO.IU.
SATURDAY, FEBRUARY 0, 1924
BW OF GERMANS’I
FAMINE FMUNG ON
YOUNG. (LIEN SWS
WASHINGTON, Feb. 6.—Ameri
cans ought to put aside hostility to
ward the German people and co-op
erate wholeheartedly in the relief of
starvation among them, Major Gen
eral Henry T. Allen, retired, who
commanded the American troops on
the Rhine, declared today before the
house foreign , affairs committee.
Appearing als a witness at a hear
ing on various proposals to appropri
ate funds for relief work General
Allen said investigators for the
American committee for relief of
German children, of which he is
chairman, had reported that up to
20 per cent of children, applying at
six years for admission to school,
had to be sent home as unfit to at
tend.
“Our committee in Berlin has ca
bled us,” said General Allen, “that
the relief service is now feeding a
supplementary meal to 625,000 chil
dren, but should be feeding fully 2,-
000,000 equally needy.
"Our advices are that the condi
tion has become so serious with re
spect to increased starvation and
disease that the German govern
ment is withholding statistics of
death resulting from hunger and de
spair.
"The highest peak need will come
at the last of March and early in
April. Between that period and the
next harvest it is predicted that over
2,000,000 people will be utterly de
pendent upon outside charity.”
lands where it could be reached
quickly in case of emergency. They
greatly increased the power of the
navy to defend the United States
which in its essence is its principal
duty.
“The leases cannot be held illegal
until a c.out of competent juridiction
has so declared. They cannot be held
not to have been made in accordance
with sound policy because policy
was sound and obedient to the ex
pressed will of congress. They will
be shown to have been for the bene
fit of the United States.
“My connection with the transac
tions from beginning to end was
dictated by a profound belief that
they were for the benefit of the
United States and was as clean and
patriotic as any other act of my of
ficial of private life.”
j d i and Big Extra Rewards
This notice is written to interest the
WBnts earn some money
I: iltkAhMri and in return for very liberal pay,
l iini KjEw vtoqld be willing to use hie spare Ums
f 81' iHMHaTIk' introducing to friends and neigh-
I Hl l 'HmI & bon, the finest and best clothes that
fiSIS Hl Iffl E* we have ever produced, now better
lii. s3ti' pSm IT than eTer ’ an ° tha biggest value*
l (yJlailWsl.w' ever ottered.
1 Itodiiß Jl'-ai We wlll to’ TS one man in Mch com *
wjlWaMMin;mnnitv a fine suit. Special cash re
“''"lll’Sßiialw wards, extra cash bonuses, beaotl
-'ScAsKtIHSiL fol presents, and2soprizes, including
tlOOOin gold. Ford Sedan,Elgin watch,
diamond ring, etc. If you would like
<CW jRpWi a free suit and would be willing to show
samples tost leaat five men each week,
send me your name end address and 1 will bo
glad to send you full details.
C. A. MILLIGAN. Mgr.,
Chicago Tailors Aean. a«>). SQO. »ta. C, Chlesge
GIVEN “SSSA
/h tl^ mcr * can Watch, 5 year guarantee, finejjl
I lhli casc ’
M 1 w^ x ’ xes Mcntho-No v a Salve (Wonder McntholMl
Oinimcin.) Return the $3.00 and rcceivcßM
watch or choice of 147 premiums free. Address
wF U. •. Supply Co., 47 OrwjdUto, Fa.
I
:lsrv hZh tis f ;!>. KmLrmA
Ln Solve at
V. S. Supply Co, £/>«. 0F47 CrrenviHe, Pa..
ECZEMA
Also Called Tetter, Salt Rheum,
Pruritis, Milk Crust, Water
Poison, Weeping Skin, etc.
Can be cured to stay. 1 mean just wliat 1 say:
C-b-B-K l) and NOT merely patched up to re
turn asa:n. Remember, I make this statement
after handling over half a million cases of
eczema ahd devoting 21 years of niv life to its
treatment. I don’t care what you have used or
are using NOW, nor how many doctors have told
yon that you could not be cured; all I ask is
just a chance to prove my claims. Just write
me TODAY, and I will send you a FREE TRIAL
of mv mild, soothing, guaranteed treatment
that will surely convince you and thousands of
others as it has me. Just write me and try it.
Address: DR. J. E. CANNADAY. Eczema
Specialist, 409 S. Park, SEDALIA. MO.
“The Three-in-One handbag re
ceived, and it is just fine. Some of
my neighbors want one just like it.
I am more than pleased.” So writes
Minard Smith, Route 3, Salters De
pot, S. C. j
The Tri-Weekly Journal for one
year and the Three-in-One shopping
bag, for only $1.35. Or we will send
the bag and the paper for eighteen
months for only $1.50.
SMEN WANTED
Prcn re as Firemen, Brakemen. Elec
tric Motormen. and colored Train Por
ters. Hundreds put to work. No ex
perience necessary. 800 more wanted.
Name position you want.
Railway Institute, Dept. 33. Indian
apolis. Ind.
30
Wc will send a STERLING razor on ~0 days trial If satis
factory. costs $1.97. It not. costs nothing. Fine Horschide
StropFßEt:. BTERLING CO.. 0 2 BALTIMORE. MD.
■ Short breathing relieved In a
few hours; swelling reduced lr» a few days, regulates
the liver, kidneys, stomach and heart,purines the b'ood.
strengthens the entire system. Write for free trial ‘mat
ment. COLLUM DROPSY REMEDY CO., Dept. R it
ATLANTA. GEORGIA. (Eltablith'd 1895-
28 yearn of luccen in treating Drop*?.)
Atlantian Is Jailed at
Madison as Owner of
Wrecked Rum Car
MADISON, Ga., Feb. 7.—A small
car driven by J. L. Moore, of At
lanta, turned over on the road be
tween here and Buckhead, Wednes
day aft rnoon, and a negro, Leroy
White, riding with him, was pinnec.
tinder the car and killed. Moore
was not badly hurt.
Thirty gallons of whisky were
found in the wreck, and Moore, a
man about 30 years old, was taken
to the Morgan county jail here by
the sheriff. The negro's body is be
ing held pending word from rela
tives in Atlanta.
PELLAGRA
50-Page Book Free
Look for These Symptoms
Tired and drowsy feelings accom
panied by headaches, depression or
state of indolence; roughness of skin:
breaking out or eruption, sore
mouth, tongue, lips and throat in
flaming red; much mucus and chok
ing; indigestion and nausea; diar
rhea or constipation; mind affected
and many others. Do not wait for all
these symptoms to appear. If you suffer
from one or more, write for your copy
of the book today. It is FREE, and
mailed io plain sealed wrapper. DR.
W. J. INC., Dept. 88, Carbon
Hill, Ala.—(Advertisement.)
Classified Advertisements
BUY OB SELL
ClasslNed advertisements In The Tri-Weckly Journal can be used by our
readers to sell anything useful to others and to buy many things they med.
Oftentimes things are offered foi Jess than market price.
The rate for this advertising Is 60 cents a line for a week—three Issues, te- ,
ginning Tuesday. Six usual words are counted as a line. Two lines is the
smallest ad used. . .
Sena your ad with payment to reach us by Saturday.
THE Tffl-WEEKLY JOURNAL
ATLANTA, GA.
’SLANTED! SI6OO to $2300 Year
u s RAILWAY Hpn—Boys 18 up.
AA A 1 L Mail Coupon Immediately
\/ 1
Franklin Institute, Dept. G-205, RochM
.hbYHUlHjf’.'/'-C? ’ ter, N. Y.
■'IlW/liillm’. : ' < rr.- r Sirs; Send me without charge, (1) Specimen
‘ '■■■ t j !a j] way M a n Clerk Examination questions; (2)
, Tell me how 1 cat) get a Government jolt; (3)
STEADY WORK NO LAYOFFS/ Send list of Government jobs now obtainable.
PAID VACATIONS - g
Travel —See your country. Com- 1 , '" 118
mon education sufficient. * Address
MAIL COUPON AT ONCE g
WANTED MALE
POSITION guaranteed permanent and pay-
ing; ive teaeh you the barber trade in few
weeks; income while learning, We own
shops. Jacksonville Barber College, Jack
sonville, Fl a.
ALL nieu. wonieu, boys, girls, 17 to 65, '"J*"
ing co accept government positions, sll7-
$250, traveling or stationary, write Mr.
Ozment. 164 St, Louis. Mo., immediately.
BE a detective. Excellent opportunity;
good pay; travel. Write C. T. Ludwig,
168. Westover Bldg., Kansas City, Mo.
DE a detective, SSO-SIOO weekly; travel over
w’orld; experience unnecessary. American
p,. tec live Agency. 1013 Coliinibiii. St. Louis.
WANTED HEI.P—FEMALE
Wanted— Women to do fancy work at
home. Spare hours. Material furidshcd.
Good pay. Stamped envelope brings par
ticulars Underwood Art Goods Company,
Portsmouth. Ohio.
EARN money at home during spare time paint
ing lamp shades, pillow tops for us; uo can
vassing, easy and interesting work; experience' un
necessary. Nileart Company. 2258. Fprt Wayne,
Ind.
W ANTED— Women-girls; learn gown mak
ing at home; $35 week; sample lessons.
Franklin Institute, Dept. H-510, Rochester,
N<B w York.
W ANTED—AGENTS
NEGRO’S PROGRESS AND ACHIEVE-
MENTS; book cf many pictures of colored
persons, just off the press; big hit, all buy,
agent* making sls daily. Write quick fuf
terms. Jenkins Bible House. Washing
ton. n. c.
YOU are looking for a better job. Our free
book, “Guarding tlie Traffic,” tells how
to get it through a railroad career as agent
telegrapher. Simply write Southeastern
Railroad College. Atlanta. Mention this
paper.
NEGRO’S PROGRESS AND ACHIEVE-
MENTS—Book of many pictures of
colored persons, just off the press; big
ait; all buy; agents making SIS daily;
write quick for terms. Jenkins Bible
House, Washington, D. C.
AMERICAN WOOLEN MILLS CO.. Dept. 2057,
Chicago, are making a free suit for one agent
in each community to introduce their fine tai
lored to order suits at $lB and up. Write them
today for their offer
GET OUR FREE SAMPLE CASE—Toilet
articles, perfumes and specialties. Won
derfully profitable. La Derma Co., Dept.
R.T, St. Louis, Mo.
WE pay S2OO monthly salary, furnish car and
expenses to introduce our guaranteed poultry
and stock powders. Bigler Company, X-661,
Springfield. Illinois. r
WE START YOU WITHOUT A DOLLAR. Soaps,
Extracts, Perfumes. Toilet Goods. Experi
ence unnecessary. Carnation Co.. Dept 240. St.
Louis.
WE PAY SSO A WEEK and expenses and give
a Ford auto to men to Introduce poultry and
stock compounds. Imperial Co.. D-56 Parsoqs.
Kans.
FRUIT TREES for sale. Agents wanted.
Con co rd f’llrse r i e s. Dept. 20. Concord Gh
PERSONAL
M’MILLAN’S GHINGONE cures all forms of
ITCH. Guaranteed. Not greasy. ONE
application (occasionally two, rarely three)
only. Postpaid. $1.05. Carefully tested.
McMillan Drug Co., 1300 Main ave., Colum
bia. S.
M’MILLAN’S GRINGONE cures all forms of
ITCH. Guaranteed. Not greasy. ONE
application (occasionally two, rarely three)
only. Postpaid, $1.05. Carefully tested.
McMHUM’ Drug Co., 1300 Main Ave.. Coliun
bia. S. C.
POEMS WANTED—SeII your song-verses for
cash. Submit Mss. at once, or write New
Era Music Co.. 156. St. Louis. Mo
TEACHERS —Let me toll y<.u how to get a
first-grade license. B. S. Holden, Elli
jay, Ga. I
“MEIS” Ilk
IF SICK, BILIOUS,
consmiio
“They Work While You ’Sleep.” ’!
When you feel sick, dizzy, ups®c I
when your head is dull or aching, or
your stomach is sour or gassy, just
take one or two pleasant “'Jascarets'’
to relieve constipation and bilious
ness. No griping—nicest cathartic
laxative on earth for Men, Women
and Children. 10c boxes, also 25 and
50c sizes—any drug store.
(Advertisement.)
Don’tWearaTruss
'Ve Guarantee
Your Comfort
v ' ,h every Brooks’ Ap
oliance. New discovery.
Wonderful. No obnoxious
W.,,, minings or pads. Auto-
tnatic Air Cushions.
Bimls tmtl draws the
WF, broken parts together as
tIK you would a broken
■Kt iimb. No salves or
Jas-ters. Purable, cheap.
■’ c,ir tlial t 0 stove
it. Beware of Imitations.
U. E. BI,M)OKN, Look for trade-mark
Investor bearing portrait and
signature of C. E. Brooks which appears
on every None other genuine.
Full Information and/ booklet sent free irp.
plain, sealed envelope. BROOKS APPLLj
ANCE CO.. 258 State St.. Marshall, Micgj
_ANTEIJ^SAI <EMEN
TOBACCO FACTORY
WANTS SALESMEN.—State experience and gir*
reference. Hancock Bros. & Co.. B-10U. Dan
ville, Va. ■
ruuri? TREE 8 a l Es m E N—Profitable
pleasant, permanent work. Good aide .tn*
for farmers, teachers and others. Concora
Nurseries. Dept. *2O. Concord. Ga.
VVANTED—FARMS.
FARM ’WANTED—lmmediately, from owner.
Send particulars. Mrs. Roberts, Box M.
Roodhouse. 111. .
FOR SALE—FARMS
FARMS~for forty acres up to fifteen thou
sand-acre tracts, in west Texas, where
boll weevil never exists. Buyers in posi
tion 'to mean business. Write to George
Finhqrg, Abilene, Texns. _ |
FO KS A LE—SE ED
FR( IST-PRoof" CA BBA(lE'plan ts, <SOO, 70cJ
1,000. sl4lO, postpaid. Nancy Hall and
Porto Rico potato plants (March delivery),
1.000, s2.ls, postpaid. Kentucky riant
Company, Hawesville, Ky.
COTTON boll wee.il won’t get Mitchell’*
Faultless King; grows-fruits-matiires dou
ble quick to dodge and starve weevil. Sugar
Loaf Farm, Youngsville, N. C.
FI'LGUM seed oats and runner pennut*.
Nichols’ Farm, Rockmart, Georgia, R. F.
D. 1. _
-
QUALITY CHlCKS—lmpure bred varieties, 100
per cent live delivery guaranted. Our Stb season.
Satisfaction guaranteed. Bank reference. Special
prices and illustrated catalog free. Lindstrom
Hatchery. Box 267-J. Clinton. Mo.
QUALITY chicks, eggs; fifteen standard
bred varieties: best winter laying strains.
Free delivery. Reasonable prices. Cata
logue free. Missouri Poultry Farms. Colurn
bin, Mo.
Cll IX—Highest quality. Lowest prices. Quality
Poultry Farm, Box 226, Windsor, Mo. __
~ M >
U? S. GOVERNMENT saddles, compute
with fenders uggage straps, real russet
cowhide. A grade, brand-new, $6.20; same,
used, $5.10; perfect condition. Army brl
dies, double bit. double rein, new, $2.50, used,
SI.BO. New army saddle blankets, wool ,
lined, $1.25. Us-.l saddle bugs In perfect
condition, $2.50. Will ship C. O. D., ex- ,
press, allow examination, or can ship parctl
post. W. W. Williams, Quitman. Ga. ,
MAGICAL GOODS Novelties. Ix«lest< n»,
Herbs, Cards. Dice. Btdiks. Catalog
G. Smythe Co.. Newark.yMo.
PATENTS
iNvEN'loltN SIIOIII.I write for our golds
book. “How to Get Your Patent." Tells
terms and methods. Send sketch for our
opinion of patentable nntnrfc. Randolph A
Co.. Dent. CO. Washington. D. <l.
MEDICAL
LHM£S~<mred and" knife
or medicine: instruction, sl. 'The Home
Cure, Box 2162, Atlanta, Ga. ,
S DROPSY TRtAIMENT
T glvrs quick relief. Dis- .
I tressing symptoms rapidly
disappear. Swelling an rl
short breath soon gone. Often
entire relief In 10 days. Never
heard of anything Its equal
for dropsy. A trial treatment
sent by mall absolutely FREE.
DR. THOMAS E. GREEN <
Box 18. CHATSWORTH, GA.
LEG SORES
Healed by ANTI-FLAMMA —a eoothing
antiseptic Poultice. Draws out poisons,
stops itching around sores and heal* while
you work. Write today, describing case,
and get FREE SAMPLE. Bayles Dis
tributing Co., 1820 Grand Ave., Kansaa
City. Mo.