Newspaper Page Text
6
Tri-Weekly Market Reports
COTTON
NEW YORK, Feb. 21.—The cotton
market was firm at the opening to
day on covering and .Liverpool buy
ing following reports that the Brit
ish dockers’ strike had been settled
and relatively firm cables from the
English market. There were some
■overnight selling orders, which
caused rather irregular fluctuations
after the call, but the buying con
tinued and the market held general
ly steady during the early trading.
First prices were 9 to -S points
higher and May contracts sold up
to 30.47 c, or 48 -points net higher,
while October advanced to. 2b.-l.jC. or
35 points above yesterday s closing.
The early advance met a renewal
of old long liquidation and the mar
ket broke'to 20.83 for May.
a net decline of 16 points. Lheie
was a good deal of buying below
the 30-cent level, however, ana
prices firmed up again on reports of
a better demand for cotton goods,
covering and fresh trade or commis
sion house buying. May ad., nceo
to 30.46 and held within a point or
two of that figure around midday
when the old crop months were
about 45 to 50 points net higher.
The market sold up to 30.72 for
May and 29.91 for July during the
early afternoon on New Orleans buy-
■ jng and covering with active months
showing net advances of 70. to SO
points. Offerings increased at these
figures and there was a quick break
of fifty to sixty points with May
ruling around 30.08 at 2 o'clock, or
about 9 points net higher.
NEW YORK COTTON
The following were the ruling priced 1«
the exchange today:
Tone, steady; middling. 30.40 c; quiet.
Last Peer.
Open. High. Low. Sale. Close. Close
Med. ..29.80 30.32 29.48 30.07 30.05 29.6(3
May ..30.10 30.73 29.83 30.48 30.45 29.98
July ..29.30 29.92 29.05 29.61 29.61 29.10
Oct. ..26.20 26.48 26.07 26.49 26.48 26.10
11-45 a. m. bids, steady; Marell, 29.95;
May, 30.38: July, 29.48; October, 26.32%
December, 25.88 asked.
NEW ORLEANS COTTON
" NEW ORLEANS, Feb. 21.—Cotton
opened higher on much better Liver
pool cables than due. First transac
tions showed gains of 18 to 3b points
over the previous close. The ad
vance was attributed to reports that
the British dock strike was virtual
ly settled. All active months moved
upward 5 to 17 points immediately
after the opening call, but eased oft
a few points on moderate selling.
There was a prompt rally, however,
on Manchester advances- that trade
was picking up there. May trading
up to 30.07 c and July to 29.29 c, or
41 to 45 points net higher. Bullish
“feeling was held in check by fair
Weather in the belt.
Cotton turned easier as the morn
ing progressed. There was quite lib
iral selling bx ring scalpers and
tome hedge selling. Prices receded
35 to 69 points on the active old
■ Irop months and 41 on October. Re
torts that Manchester was reviving
talk of lockouts and rumored un
easiness of spot holders in th 1 in
ferior helped the decline. Later
rather heavy buying by leading Ne v
York speculators on the break and
mills calling cotton freely caused a
good rally. All months made new
highs, the old crop positions up 75 to
"8 points from theearlylow.October
Was 42 points up. At noon prices
were 8 to 9 points off from the
Highest.
The market developed another
lharp rally early in the afternoon.
The initial influence was a report
that the government would shortly
Issue a very bullish correction of
tecent supply and consumption fig
ures. The main stimulating influ
ence, however, was the efforts of a
leading speculator said to have been
ihort 200,000 bales to cover. March
I ndvanced to 30.70, May to 30.36 and
July to 29.55, or 17 to 20 points
kbove the previous highs. The mar
ket then eased off 38 to 42 points on
tealizing by early buyers and selling
tn anticipation of bearish weekly
Itatistics, and became steady at the
lew levels.
NEW, ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 30.50 c; steady.
Last I’rer.
Open. High. Low. Sale. Close. Close.
Itch. ..30.30 30.70 29.75 30.52 30.45 29.95
Hay ..29.95 30.30 29.42 30.13 30.08 29.07
I lily ..29.07 29.55 28.60 29.31 29.30 28.81
Oct. ..25.75 25.90 25.39 25.87 35.85 28.52
Noon bids steady; Mach, 30.38; May,
10.03; July, 29.25; October, 25.78; Decem
ber, 25.38.
SPOT COTTON MARKET
Atlanta, steady, 30.50 c.
New York, steady. 30.40 c.
New Orleans, steady. 30.50 c.
Galveston, ateady, 30.35 c,
Mobil?, steady, 29.75.
Savannah, steady, 30.10 cc.
Wilmington, steady. 30.40 c.
Norfolk, steady, 30.25 c.
Augusta, steady, 29.88 c.
Boston, steady, 30.80 c.
Dallas, steady, 29.70 c.
St. Louis, nominal.
Montgomery, steady, 30.15 c.
Houston, steady, 30.25 c.
Memphis, steady, 50c.
ATLANTA SPOT'COTTON
ttlanta spot cotton 30.50 c
-Receipts 301
Ihipmenta 706
Itocks 33,730
LIVERPOOL COTTON
LIVERPOOL, Feb. 21.—Cotton, spot,
moderate business; prices easy; good mid
lling, 18.33 d; fully middling, 17.83 d; mld
lling, 17.38 d: low middling, 16.-18 J; good
I Irdinary, 15.15 d: ordinary, 14.98 d. Sales,
1.006 bales, including 5.200 American. Ke
leipts, 12,000 bales, including 9,900 Amer
can.
Futures closed steady, 27 to 38 points
»wer than previous close.
Tone, steady; sales, 5.000; good middling.
8.33 d.
t’rev.
♦ Open. Close. Close.
•’'obruary 17.39 17.21 17.52
Hareli 17.42 17.28 17.55
Ipril 17.27 17.55
lay 17.42 17.28 17.55
<me .17.19 17.49
illy 17.10 16.92 17.23
lUgust ...» 16.42 16.30 16.68
bptemlier 15.67 15.08
letoher v ... 15.31 15.17 15.48
loventber 11.87 15.18
lecember 14.51 15.13
anuary 14.89 14.73 15.05
Sugar Market
NEW YORK. Feb. 21.—There was «n sd
ance of % in the local raw sugar market
• rly today with Cuhas selling at 7.28 duty
aid. 'there were sales of 31,000 bags oi
Übas for prompt shipment to an operator.
The advance in the s|ait market and re-
Orts that Europe was again purchasing In
Üba. led to active coverin,; and renewed
I'.'ing for both trade and outside account in
I" sugar futures Prior sat mhldav were
to 12 points net higher.
Tn ref.ned business continued light and
Hees were uneh:ii.ged st 8 90 to 900 r„r
me granulated.
Refined futures nominal.
NEW YORK KANVSUGAR MARKET
, Open. Close,
h ,-,.10 7.-.,5s
t.i.v5.62 5.00
tptember 5.6:1 s.us 05. ft)
teember 5.70 5.75
■ NEW YORK COFFEE MARKET
Open. Close.
1arch14.33 14.18
lay 14.15 13.85
bly 13.90 18.35
iptember 13.70
it.'her 13.25
Vcemberl3.43 13.10
DULUTH QUOTATIONS
DULUTH. Minn.. Feb. 21. 1 t >«e flax:
M-ruarv, $2.39’- Ml .b. $2.5"* Mar.
J. 59%; July. $2.57.
TIFE ATLANTA TRI-WEEKLY JOURNAL
GRAIN
CHICAGO (Thursday), Feb. 21.
Trade in wheat today was of a pre- '
holiday character. Few of the
traders were inclined to enter into |
pew committments, and the bulk of ■
the trading was in the way of even- '
ing. Price changes were of little i
importance, but most of the session |
values were above the previous close.
Local shorts took profits, and com- |
mission houses had wheat for sale |
on the bulges. Liverpool weakness
was attributed to the prospect for
the early settlement of the dock
workers’ strike. A little demand for
Manitoba wheat was reported from
abroad. Milling demand was quiet.
Primary receipts show some reduc
tion, but this may -be a reflection I
of the recent storm.
There was a little precipitation
shown over parts of Oklahoma and
western Kansas, but the storm
clouds seem to have passed rapidly
eastward. Kansas City cash wheat
premiums were said to be the low
est on the crop.
Wheat closed 1-8 to l-2e higher.
May, sl.lO l-2@1.10 5-8; July,
sl.lo’ 7-B@>l.lo 3-4; September,
sl.lO 3-4@p1.10 7-8.
Local cash sales were 20,000
bushels; wheat, 64,000 bushles; corn,
including 35,000 bushels to exporters,
46,000 bushels oats and 5,000 bushels
barley.
Seaboard reported 600,000 bushels
wheat taken for export.
In corn two local professional ele
ments in the trada were waging a
merry battle. The bulls were a lit
tle better pleased over the way the
market absorbed yesterday's offer
ings, and they adopted a forcing
campaign, but the upturn was cut
short by the pressure from the bear
crowd. Cash corn prices were quoted
a half cent lower. Cash handlers re
ported some let-up in consignments,
but receipts continue heavy.
Corn closed l-8c higher to l-4c low
er. May, 80 14@80 18c; July 80 5-8@
80 3-4 c; September, 80 5-B@Bo 3-4 c.
There was little change in oats
prices. May was inclined to rule
heavy under long sales.
Oats were l-8c lower to l-8c high
er. May, 48 3-4 c; July, 46 l-2c; Sep
tember, 43 l-2c.
Provisions rallied after an opening
dip on scattered buying and light of
ferings.
Lard closed 2 l-2c higher and ribs
unchanged.
chicagoTqu Stations
The following were the ruling prices la
the exchange today.
Prev.
Open. High. Low. Close. Close.
WHEAT— ♦
May .... 1,10% 2.10% 1.10 1.10% 1.10
July .... 1.10% 1.10% 1.10% 1.10% 1.10%
Sept 1.10% 1.10 1.10% 1.10% 1.10%
CORN—
May .... 80 80% 79% 80% 80
July .... 80% 81 80% 80% 80%
Sept 80% 81 80% 80% 80%
OATS—
May •.... 48% 49 48%. 48% 48%
July .... 46% 46% 46% 46% 46%
Sept 43% 43% 43% 43%
LARD—
March .. 11.00 11.05 11.00 11.05 11.02
May .... 11.20 11,25 11.22
July n. 45 11.42
RIBS—
May .... 9.65 9.67 9.67
July .... 9.90 9.90 9.90
KECEIPTS~IN~CHICAGO
, . Today.
2 or . n 912 cars
2? ats 67 cars
U °B S 65,000 head
CHICAGO CASH QUOTATIONS
CHICAGO, Feb. 21.—Wheat, No. 1 hard,
No. 2 hard, $1.09%@
Corn, No. 3 mixed, 76%@77c; No. 2 yel
low, 81c.
Oats, No. 2 white, 49@50c; No. 3 white
48%@49%c.
Rye. No. 1, 71071%c,
Barley. 68%@78c.
Timothy seed. $6:5008.00.
Clover seed, $18.00024.00.
Lard, $11.(15.
Ribs. $9.37.
Bellies. SIO.OO.
ST. LOUIS~QUOTATIONS
ST. LOUIS, Feb. 21:—Cash, wheat, No. 2
red. $1.16%@1.19; No. 3 red, $1.1501.16.
; Corn. No. 3 white, 75@76c; No. 3 yellow.
75% 0 76c.
' Vats, No. 2 white, 51c; No. 3 white, 49%c.
Close: Wheat, May, $1.10%; Julv’
$1.09%.
Corn, May, 80c; July. SO@c.
Oats, May, 51c.
TOLEDO~QUOTATIONS
TOLEDO. Ohio, Feb. 21.—Wheat: Cash.
$1.15%01.16. Cloverseed, easb, old, $13.25;
new. $12.10: February, $12.10: March. $12.10.
Alsike. $8.45. Timothy seed. $3.60. bid;
February. $3.60 bid; March. $3.65 bid.
Minneapolis - quotations
MINNEAPOLIS, Minn., Fell. 21. —Wheat
No 1 northern. st. 15%@1.19%.
Corn. No. 3 yellow, 72%@72%e.
Oats, No. 3 white. 44%044%e.
Flax, No. 1. $2.57%@2."62. '
KANSAS CITY - QUOTATIONS
KANSAS CITY, Feb. 21.—Wheat: No. 2
hard, $1.05@1.22; No. 2 red, $1.1201.14.
Corn—No. 2 yellow. 74@74%c; No. 2
mixed. 71 %@72c.
Oats—No", o W hite. 49%@50c.
GRAIN MARKET - OPINIONS
Riordan, Martin & Co.: Purchases In or
der on any further setback.
Thomson, McKinonn & Co.: Higher
prices at present seem unlikely.
Lamson Bros.: Grains sliould be bought
around present levels.
Logan & Bryan: We doubt any perma
nent Ceci nc.
BulL't,!. Frazier * Co : Look for sharp
reai tion from any further decline.
Clem-int Ar Curtis: The news suggests i
trading ma’Ktt.
Florida Quotations
JACKSONVILLE. Fla.. Feb. 21.—Whole
sale quotations prevailing on the Jackson
ville market today as reported by the
state marketing bureau, follow:
Beans, green, hampers, fancy, $3,500
4.90.
Cabbage, crates, fancy, 82.75tg3.00.
C jler.v, Florida 10-iuch crates, best.
$2.5003.00.
Cucumbers, squire bushel crates, fancy.
$4.500.’>.00.
Eggplant, pepper crates, fancy. $2,500
3.00.
English peas, hampers, best, $3.5004.06.
Lettuce. Florida big Boston, fancy. $1.,5
02.25.
„ IN’l’l’e”- standard crates, fancy, $3 600
Squash, crates, yellow crooked neck
$4.00@4.50.
Strawberries, 32-qt. carriers. fan-v,
$11.00012.00.
Tomatoes, standard sixes, hard rfpes,
fancy, $2.5002.75.
Grapefruit, box. fancy. $2.0002.25.
Granges, box. fancy blights. $2.2502.50.
Tangerines, straps, fancy, $4.5005.60.
Naval Stores
SAVANNAH. Ga., Feb. 21.—Turpentine I
dull. 96%; sales, none; receipts, 25; ship
ments. 1: stock. 9.112.
Rosin firm; sales, "30: receipts, 506:
shipments. 5; stock. 78.283. Quote: B to
I>. 81.65: E. to I, $4.67%: I, 54.67%: K.
$|80; M. 8(90; N. $5.29; WG. $6.20;
ww. X. $6.40.
COTTONSEED OIL MARKET
Open. Close. I
Spots n. 75 bid
February .... 9.75 9.75 bid !
Marell 9.97 o 9.93 9.90010.00 |
April li>. '<hu iO.INI 10.10010.30 '
'lay 10 300 10.32 10.340 10.36
tune 10.40010.50 10.400 10.55 1
July 10.6241 10.6.3 J 0.600 10.70 I
August
September .. 10.614t10.70 10.75010.85 :
I'one. steady; sales, 21.00 C. 1
ATLANTA COTTONSEED PRODUCTS
(Corrected by Atlanta Commercial Ex
change.)
Bid. Asked.
Crude nil. basis prime tank..s 8.63 ....
Cotfonsted cake. 7 per cent
ear tots
C. S. meal. 1 per cent am-
mcaia. car lots 89.56 40.50
C. S. meal, at common rate
; 1 points, ear lots 37.50 SS.SO!
■ c. s. belts, loose, car kits.... is.do I
C. S. l-.ii «. sacked, ear lots.. 21.00
Linters, first cut. 10@12%c.
Linters, second cut (cottonseed hulls fiber or :
savings, ,4 0 sc.
1 liters, clean, mill niß, 6%®7%e.
4 I
LIGHT IS WED
ON U.S. DUH'S
REPORTING METHOD
WASHINGTON, Feb. 20.—Causes
which have contributed to the break
of $35 a bale in cotton during the
past two months will be discussed at
a conference today between senators
from the cotton-producing states and
Director Steuart and Statistician
Zimmerman, of the census bureau.
Decision to inquire exhaustively
into tins subject was reached at a
conference late yesterday of the
senators from the s cotton states. The
meeting was called by Senator
Smith, of South Carolina, who pre
sided, and the senators examined
into many ollicial and unofficial doc
uments bearing on the whole sub
ject._
Senator Smith said Mr. Steuart
and Mr. Zimmerman would be ques
tioned as to the methods of tabulat
ing cotton statistics relative to sup
ply and distribution. They will be
asked particularly, he added, about
an item of 579,405 bales carried in
the last August report under the
heading, “to balance distribution,”
and preseumed to be included in the
ginning figures as of February 1,
last.
“I don’t think those bales ever ex
isted,” Senator Smith said, “and
their inclusion in the report un
doubtedly helped to break the price
o fcotton. In explanation it is
claimed that a part of this 579,405
bales is so-called city crop—that is
samples taken from bales and then
repacked.
“At any rate, that is counting the
same cotton twice, as the samples
are removed after the bale has been
weighed and counted as ginned. We
want to go into the whole situation
exhaustively as to the real facts as
to supply/and demand and what ac
tually is producing the present de
pression in prices.'”
Senator Smith declared that it was
a rather unusual situation for such
a break in price at a time when
there was a short crop and general
prosperity.
DIAL DEMANDS ACTION
ON FUTURES AMENDMENT
WASHINGTON, Feb. 20.—Notice
was given to today by Senator Dial,
Democrat, South Carolina, that un
less the agricultural committee took
some action upon his proposed
amendment to the cotton future act,
he would take the fight directly to
the floor.
The committee holds the bill, Sen
a.tor Dial said, despite repeated re
quests that they report it, even
without recommendation. He de
clared legislation to prevent the price
of cotton being adversely affected
by gamblers was of more value to
the south “than all the pending
remedial legislation put together.”
Hog Prices Lower
On Heavy Receipts;
Cattle Supply Light
BY L. C. GRUNDELAND
(Leased Wire Service t<> 'Die Journal.)
(Copyright, 1924.)
CHICAGO, (Thursday), Feb. 21. —Cattle
and hog supplies are larger than a week ago,
but the sheep run fell short of the number
received the corresponding period last week.
For the day the cattle supply was moderate,
while hog and sheep runs were heavy. Sell
ers had nearly 14,000 hogs held over from
the previous session, and with a heavy fresh
run the trade was off. Car report for the
local yards was 1,374, and 220 of these bad
not arrived at the opening of the market.
Receipts were 9,000 cattle, 65,(D0 hogs,
15,000 sheep and 5,000 calves.
Good steers found a fair outlet and val
ues were fully up to the best levels noted
the day before. Many heavy steers were
good enough to reach sll and better. Bulk
of steers went at $8.00010.00. Cows and
heifers had a strong market. Canners at
$2.5003.00 also wore strong while calves
again were boosted 25 0 s<t cents. Good veal
ers 'went at SI'J.OOO>II.OO.
Hogs dropped 100; 1.5 cents from the out
set and there was no improvement in the
market later in the day. Choice heavy
butchers sold at $7.25 from the start and
this remained the best point of tli6 day.
Many sales were off 25 cents from yester
day’s high time. Bulk of packing hogs went
at $6.1506.35, or 15 cents lower than the
average of the previous session.
Demand fcr lambs did not show up well,
and most of the deals were made at a de
cline of 15@25 cents from the average of
the day before.
EAST ST. LOUIS, iTT. Feb. 21.—(U. S.
Department of Agriculture.)-—Hogs, 'e
ccipts. 18,000; 5c to 10c lower: fairly ac
tive: bulk good butchers. $7.35: desirable
110 to 130-poiiud pigs. $6.0006.65; packet
sows. $6.10.
Cattle recall ts. 1,500: two loads mixed
yearling# strong st $7.5008.50: light veal
ers, 25c higher at $13.25013.50; other
classes steady; few loads steers, $7,100
7.55: most, cows, $4.25@5.50: canners.
$2.25 0 2.50: bolognn bulls, $4.5(>@5.25; few
Stocker steers up to 86.65.
Sheep receipts, 1,000: run mostly billed
through: two loads native lambs, $14.6()<0
14.75; steady considering quality; choice
handvweiglit westerns quotable. $15,25; fat
ewes, $9.75 and down.
NASHVILLE. Tenn.. Feb. 21.—Cattie—
Receipts. 100, steady; heavy steers, $7.00
05.09; beef steers, $5.000 6.00; heifers.
$5.500 6.50; cows. $3.5005.0); feeders,
$4.5006.50; stoekers, #2.5005.00.
Hogs—Receipts. 1,600% medium and
heavy hogs, 30c lower; light hogs, 20c;
pigs and throwouts. 25c; 200 pounds and up.
.87.55; 165 to 200 pounds. $7.45; 1.3’3 to 165
pounds, $6.75; pigs, $1.500 5.25; throwouts,
$5.25.
Sheep, nominal; $3.5004.50; choice
lambs. SB.OOO 10.00.
LOUISVILLE. Feb. 21.—Cattle—Receipts,
200. slow; heavy steers, SB.OOO 8.75: beef
steers, $5.0008.50; heifers, $5.0008.00;
cows, $3.5006.00; feeders, $4.50@6.50;
stoekers, $2.500 5.75.
Hogs—Receipts, 1,300; prospects 20 to 25c
lower. \
Sheep—Receipts, 200; marker higher;
lambs. $12.00; choice, $13.030 14.00; sheep,
$6.00 down.
ATLANTA. Fo-h. 21.—Cattle: Receipts 50.
There were no early sales, but bidding was
steady with higher prices being asked. Com
mon steers were quoted at $5.50056.75;
cutter steers. §3.7504.75; cows and heif
ers. 53.5005.50; caaners and cutters, $2.00
0.3.00.
Hogs—Receipts 700. There were not
enough Tennessee lugs to make a market.
Best 165 to 250-pound Georgia hogs were
quoted at $7.25.
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Mrs. Floris P. Mann,
Os Mcßae, Named on
Democratic Committee
Atlanta Journal News Bureau,
408 Evans Building:.
BY THEODORE TILLER
WASHINGTON, Feb. 21.—Mrs.
Floris Perkins Mann, of Mcßae, Ga.,
is to serve as the woman member
from the state on the Democratic
congressional campaign committee.
Her appointment is announced here
by the committee, on recommenda
tion of Representative William W.
Larsen, who is the male membr on
the committee representing the
Georgia Democracy.
Mrs. Mann has been active in the
club work and politics of her sec
tion, and her appointment is consid
ered here as an excellent political
move.
The congressional campaign com
mittee. while it will not have much
work to do in the Democratic state
of Georgia, is entrusted with the
task of winning enough seats in the
next house to give the Democratic
party control of that body. It com
prises one male member and one
woman member from each state, the
latter acting in an advisory capac
ity to the committee itself and the
state committeeman, who, In the
case of Georgia, is Representative
Larsen, of the Dublin district.
»AGOUITTED
DF ME CHARGE;
DEPUTY CONVICTED
Deputy Sheriff J. M. Bennard, of
Gwinnett county, was found guilty
by a jury in United States district
court Wednesday afternoon on a
charge of conspiring to violate the
federal prohibition act and was sen
tenced by Judge Robert T. Ervin
to serve two years in the federal
penitentiary. • Sheriff E. S. Garner,
of Gwinnett county, a co-defendant,
was found not guilty.
Attorney William Schley Howard,
who, with Attorney James A. Branch
and Attorney Len B. Guillebeau
and the law firm of Oaks & Nix, of
Lawrenceville, Ga., represented the
defendants, stated they would file a
motion for a new trial on behalf of
their convicted client. Judge Ervin
assessed bond in the sum of $5,000.
The bond was made.
Judge Ervin first sentenced Ben
nard to serve two and a half years
in prison, but when reminded that
the law did not provide such a
sentence he changed it to two years’
imprisonment.
The jury which took the case at
1:30 p. m. was out less than 20
minutes. Only one ballot was taken,
it was understood.
The was given the case near
the close of the regular court day
which was taken up by three hours
of argument and a short charge by
Judge Robert T. Ervin, of Mobile,
who is presiding during the absence
of Judge Samuel H. Sibley.
Judge Ervin, in his charge, de
scribed the ease “as the most re
markable I have ever seen in all my
years on the bench.” He told the
jury the .case was important to the
defendants, to the nation, and to the
jurors themselves, and that if the
jurors thought the evidence showed
a conspiracy they should return a
verdict of guilty against one or both
of the defendants.
He again pointed out that How
ard Garner, the son of the sheriff
who went oh trial Monday with his
father and Bennard. was no longer
on trial, explaining that he had dis
charged Hovyard Garner because he
did not thnik the evidence against
him was sufficient to bother the jury
with it.
Ancient Law Gets Peeper
ROCHDALE, England.—An an
cient law against prowlers was in
voked to send William Moran, a 19-
year-old “Peeping Tom,” to prison
for six months.
HAMBONE’S MEDITATIONS
By J. P. Alley
p-
PAMSON KNOCKED OVER A
PITCHER O’ WATER WHILS'
he preachin’ Sunday, eh
woke UP HALF PE
conge **
f On
■ ■w
fCbpynght, 1624, by Tho Bell Syndicate. Img)
ttMLCLEW
VITAL TD G. 0. P..
LAWRENCE STATES
BY DAVID LAWRENCE
(Leasul Wire Service to 'Die Journal.)
(Copyright, 1924.)
' WASHINGTON, Feb. 21.—The
i full force of public opinion on the
Teapot Dome scandal has struck
Washington. Old line leaders like
Senator Lodge realize that unless
the Republican administration
promptly cleans house, the people
will do so at the polls at the first
i opportunity.
, The suggestion made by Mr.
| Lodge to the president that the res-
I
1 ignation of Attorney General Daugh
erty be accepted involves not the
slightest lack of personal feeing on
the part of the Massachusetts lead
er for Mr. Daugherty. It is simply a’
case of practical politics of which
no one has a better appreciation
than Harry Daugherty himself.
Mr. Coblidge, however, has felt
that no man should be convicted
without a hearing. The attorney gen
eral has asked for an investigation
1 and a chance to refute the charges
that have been made. Can anybody
be refused a hearing and be con
dem neo on public accusations which
have not been proved? Mr. Daugh
erty is ready to go before the senate
and answer all questions. His health
has not been good and he has not
intended to continue in the depart
ment of justice long any way but
to retire under fire Is not the Daugh
erty habit. lie is a fighter and will
not run away from his accusers.
Fantastic Rumors Fly
The rumor factory meanwhile is
working overtime. Tales. so fantas
tic that they seem incredible are
heard about the speculation of vari
ous public officials in stocks both in
connection with the oil leasing de
velopments and other government
transactions affecting the stock mar
ket. Not since the famous “leak” in
vestigation of the winter of 1917
has the finger of suspicion been
pointed in as many directions in the
national capitol as today. At that
time it was not proved that any of
ficial was a party to any stock mar
ket transactions, although outsiders
were supposed to’ have obtained in
formation enabling them to specu
late.
The new turn of affairs Indicates
the connections between the stock
market and persons in positions of
responsibility was close indeed. The
investigators of the senatorial com
mittee are working tirelessly on the
books of various brokerage houses
to discover the names of prominent
persons engaged in oil speculation
about the time the oil leases were
made. Senator Elkins, of West Vir
ginia, Republican has admitted pur
chasing stocks, but claims to have
had no knowledge which was not in
possession of the gene I public.
The question of how far a mem
ber of congress or an official of the
government must disconnect himself
from the outside world, giving up
privileges which any private'citizen
enjoys to engage in the purchase or
sale of stocks, is a difficult one to'
answer and while there may be a
good deal of suspicion that the spec
ulation done by persons in the gov
ernment was based on inside knowl
edge there is no proof to that effect.
Indeed, one of the paradoxes of
the situation is that most of the
men who speculated on the suppos
edly valuable information really lost
and the tale of a “slush fund’’ arose
because of a rumor that the men
who feared their oil leases might Ije
disturbed if a scandal were disclosed
made haste to recompense the los
ers. Inside information did not help
any one make money so far as it
can be determined and nearly every
one whose name is being whispered
as having a connection with the
speculation is said to be on broker
age books as a loser.
Some of the accounts are under
stood to remain unpaid. In fact one
of the brokers is said to have been
forced out of business because he
could not collect the losses on his
books.
The whole controversy has reach
' efl the point where nothing short of
a complete and thorough clean-up
• of every phase of the oil-leasing af
fair will benefit the Republican
party politically. When Secretary
of Labor Davis said the administra
tion was “broken-hearted,” he re
flected a true state of affairs. The
president himself had nothing to do
with the appointment to office of the
men whose names are being men
tioned in the scandal. He' himself
has been compelled to occupy the
position of judge. He wants to be
a fair judge and give every one a
chance to be heard but the pressure
As politics from all sides is being
exerted to compel him to get rid of
all who played a remote part in the
transactions and he may have to
yield ultimately to that demand.
Married 60 Years,
Aged Couple Buried
In Double Funeral
CHICAGO. Feb. 21.—After sixty
years of married life, Mr. and Mrs
Edward D. Newton were buried to
gether today after a double funeral
at Onarga, 111. Mrs. Newton, who
was seventy-seven years old. died
from the shock of her husband’s
i death three days previously.
SATURDAY, FEBRUARY 23, 1924.
HIGHER TAX RATE .
ON STOCK PROFITS
IS VOTED IN HOUSE
WASHINGTON, Feb. 20.—Stock
dividend profits would be made sub
ject to regular income rates rather
than the capital asset tax of 12 1-2
per cent under an amendment to
the revenue bill adopted today by
the house.
The amendment was proposed by
Representative Garner, Democrat,
Texas, and received practically
unanimous support of the Demo
crats, who were joined by about six
teen Republican insurgents. The
vote was 162 to 112.
Representative Rainey, Democrat,
Illinois, in arguing for its adoption,
declared it would bring enough ad
ditional revenue to permit the re
peal of all automobile excise taxes.
It would subject the profits to much
hikher taxes than 12 1-2 per cent as
provided now.
Representative Mills,. Republican,
New York, opposed, the proposal as
a “gesture” and not possible of ef
fective administration. The amend
ment is subject to another vote.
The house pressed on with con
sideration of the bill toda,y, leaders
hoping for speedy action in view of
the disposal yesterday of the income
tax section through the adoption of
the Democratic substitute for the
Mellon schedule.
The rates adopted provide for a
maximum surtax of 44 per cent on
incomes of $92,000 and over and for
normal tax rates of two per cent on
incomes of $5,000 and under, four
per cent on incomes between $5,000
and SB,OOO and 6 per cent on incomes
above SB,OOO. Personal tax exemp
tions also were increased to allow
$2,000 exemption for single persons
and $3,000 for heads of families.
This action, brought about by the
combined votes of the Democrat and
Republican insurgents, settled the
main controversial point of the bill
as far as amendments to separate
sections are concerned. A vote must
yet be taken-on the entire measure,
however, and Republican leaders
have indicated they will seek at that
time to have it recommitted to com
mittee and new income rates adopt
ed.
The Garner rates were adopted in
the face of a compromise offer by
Representative Longworth, Repub
lican, floor leader, to submit an
amendment' to make the maximum
surtax rate 37 1-2 per cent instead
of 25 per cent as carried in the bill.
Republican insurgents refused the
offer, 17 voting with the 203 Demo
crats for the Garner amendment.
Two other proposals had been reject
ed, one by Chairman Madden, of the
appropriations committee, providing
for the Mellon rates except for a sur
tax maximum rate-of 26 per cent in
stead of 25 per cent, an# the other by
Representative Frear, Wisconsin,
Republican insurgent, calling, for a
maximum surtax of 50 per cent on
incomes of $200,000 and over and for
a 50 per cent cut in normal taxes
rates.
A Vegetable Relief
For Constipation
N ature ’ s Remedy (N?Tab-
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with a pleasant, near-to
nature action. Relieves
j and prevents biliousnesa,
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headaches. Tones and
atrengthens the digestion
and assimilation.
Get a 25c Used for
KBkWB* nv * r 30
Maßir
off the Old Block
N? JUNIORS—-Little N?s
M-A JIM The same N? —in one-third
Hr doses, candy-coated. For
aj' '.AySM children and adults.
Sum SOLO BY YOUR DRUGGIST
PIUiTZ talking machine
WE PAY CHAReES
■JU B J Hapdsome metal cane fnclad-
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MMMuSL • • I Hellinjr only 12 boxen Menthn-
Nova Salve the antisepticOint*
' ment. Sell at Special Price, 25e.
Return the s?>.oo and the Fhn
■Kimtlli VflLfll nr >Kraph in youre. We truat
MBBIJ | I liK Order today. Addreaa
u s supply company
b ox KF-47 Sfßenvill#,P«.
a MEN WANTED
Prcr _r» as Firemen, Brakemen, Elec
tric Motormen. and colored Train Por
ters. Hundreds put to work. No ex
nerience necessary. 800 more wanted
Name position you want.
Railway Institute. Dept. 33, Indian
anclls, Ind.
30
TRI R EE
We will send a STERLING razo?on 30 days trial. If satis- I
factory, costs $1.97. If not. costs nothing. Fine Horsehide <
Strop FREE. STERLINGJXL d 3 BALTIMORE, MD. 1
ft ROPSYwEkK F REE
■ Short breathing relieved In a
few hours; swellins reduced tn a few days, regulates
the liver, kidneys, stomach and heart,purifies the b’ood,
strengthens the entire system. Write for free trial treat
ment. COLLUM DROPSY REMEDY CO., Dept. B-ll
ATLANTA, GEORGIA. (Eitablished 1895-
T 8 years of success in treating Dropsv.)
Upshaw to Deliver
Memorial Day Speech
At Gettysburg, May 30
WASHINGTON, D. C., Feb. 21.
Representative William D. Upshaw,
the son of a Confederate veteran,
received late Wednesday afternoon
art invitation to deliver the annual
address on May 30, Memorial day,
at the Battlefield of Gettysburg.
So far as recollection here goes
this is the first time a southerner
and a son of a Confederate veteran
has been invited to speak on the
spot that marked the turning of the
conflict between the states. Gover
nor Gifford Pinchot, of Pennsylvania,
delivered the address last year.
The Style Hit of
Amer ica»4Bk
GENUINE Ever
Astrakhan <1
Coatee/! 'll
ONLY
98
Think of it! Th is
fienuine A »tra « AaaWfeA;
khan Coate e jWmK
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Without a
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the Beason, V-7-, JZCJsy.'j
Everybody is
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Moat t.nblonßbl. to 9 J:atl
Cblcwro «od New York. pf7, .S Oil
Plelur. rourult Io tbit » Sivoo
charming 160 ■IrU.Yoo wlZva
anil ie« It to appreciate II I ll I SA
ib. wooderlul vela, oi* 9 I n I *“
(•red at eo 100 a price. 11 I 1 I 9*
SENTcn APPROVAL \\ U L
Whether •toot, medium or \\ - u • *O/ L 1A
•lender, this meeterpiece \\ \\ 1
dealtfn with exquieite beao« \\ L a*
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tailored from loor wear Nary \\ \ \ /X fl 4V
Blue Serge. Lined with EcYP* \\ \ 'O) V I am
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Doo’tnuee tble wonderful offer, \ \ .1 . VI 30
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cent* poetac* Try on Coatee io your r u
own borne. <ll not satisfied In avery I 1 A-T VWk
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FEDERAL MAIL ORDER CO. LA
3435 Ogden Av.nu.,
DMt. g 39 CHICAGO, HA.
ClLa®snfFa®dl Adlverftisemeinifts
BUY 0® 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 med.
Oftentimes things are ottered foi Jess than market price.
Tlie 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
Send your ad with payment to reach us by Saturday. ____
THE TOE-WEEKLY JJOOTNAL
ATLANTA, GA.
WANTED HELP—ALE
ALL men, women, boys, girls, 17 to 65, will
ing co accept government positions, sll7-
$250, traveling or stationary, write Mr.
Ozment, 164 St. Louis, Mo., immediately,
BE a detective, SSO-SIOO weekly; travel
over world; experience unnecessary.
American Detective Agency, 1013 Columbia,
St. Louis.
BE a detective. Excellent opportunity;
good pay; travel. Write O. T. Ludwig,
168, Weatover Bljg., Kansas City, Mo.
WANTED HELP—FEMALE
WANTED —Women to do fancy work at
home. Spare hours. Material furnished.
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; no can
vassing, easy and interesting work: experience un
necessary. Nileart Company, 2258, Fort Wayne.
Ind.
WANTED —Women-girls; learn gown mak
’ ing at home; s3o week; sample lessons.
Franklin Institute, Dept. H-510, Rochester,
New York. >
WANTED—
NEGRO’S PROG R E S S AND ACHIEVE
MENTS, book of many pictures of colored
persons, just off the press; big hit; all buy;
agents making sls daily. Write quick for
terms. JENKINS BIBLE HOUSE, Wash
ington, D. C.
GET OUR fTFeI? SAMPLE CASE—Toilet
articles, perfumes and specialties. Won
derfully profitanlc. La Derma Co., Dept.
RJ. St. Louis, Mo.
WE pay $2(10 .monthly salary, furnish car and
expenses to introduce our guaranteed poultry
; and stock powders. Bigler Company, X-6G4,
Springfield. Illinois.
WE START »OIJ WITHOUT A DOLLAR. Soaps,
Extracts, Perfumes. Toilet Goods. Experi
ence unnecessary. Carnation Co.. Dept 210, St.
Lou ir
WE PAY SSO A WEEK and expenses and give
a Ford auto to men to introduce poultry and
stock compounds. Imperial Co.. D-56 Parsons.
Kans.
FRUIT TREES for sale. Agents wanted.
Concord Nurseries. Dept. 20. Concord. Ga
PERSONAL
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 tell you how to get a
first-grade license. B. S. Holden, Elli
jay , Ga. ,
WANTED—SALEAfEN
TOBACCO FACTORY " '
WANTS SALESMEN. —State experience and give
reference. Uncock Bros. A Co.. B-100. Dan
ville. Vg.
FRUIT TREE 8 A 1. RS M E N—Prof (table
pleasant, permanent work. Good side line
for farmers, teachers and others. Concoro !
Nurseries. Dept. 20. Concord. Ga. j
W A NTEI >—FA RM S
FARM WANTED—lmmediately. from owner, j
Send particulars Mrs. Roberts, Box 64.
Roodhouse. HI. t I
WANTED —To til:ar from owner having j
farm or unimproved land for sale. John I
J. Black, Chippewa Falls, Wisconsin.
FOR SALE—TREES_
PEACH trees, 10c up; other nursery stock
reasonable. Dyer Nursery, LaFayette, Ga.
78 Prizes in 11 Months
Cirencester. England.—J. R. Pn
ton, a chauffeur, whose hobby
gardening, has won 78 prizes at ves
table exhibitions during the la
eleven months. ,
Are You
Ruptured ‘
Learn How to Heal It
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the wearing of a torturing trug« f
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FREE TREATMENT COUPON
Capt. W. A. Collings, Inc.
Box 794A. Water town, N. Y.
Send Free Test of your Systerr
for Rupture.
Name
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FOR SALE—SEED
MILLIONS—Cabbage, onions, tomatoes: 5(
, 75ci 1,000, $1.25; I’orto Hico potato!
$1.50*1,000; 5,000 up, $1.35. Cabbage, Mar
10; balance, April-May. Mullis Plant C<
Alma, Ga.
KING’S EAKLX /mpROVED— Large be
big turnout. Weevil beater; wonder!
opportunity for cotton farmers; write 1
. facts. King Cotton Seed Co., Lavonia, C
LAREDO soy beans: Acre bag. $2, pr
’ paid; peek, $4.25; bushel, sls, f.o.b. Ca
’ with order. W. C. Williams, Locust Grov
Georgia.
FOR SALE—Early Jersey Wakefield ca
bage plants, $2 per 1,000; 10,000 lots, sl.
’ per 1.000. Less than 1,000, 25c per 10
Answer Quick. Howell & Co., Snead’s, Fl
’ QUALITY CHICKS—I 4 pure- bred varieties, 1
per cent live delivery guaranted. Our Bth seas<
. Satisfaction guaranteed. Bank reference. Spec
prices and Illustrated catalog free. Llndstrc
Hatchery, Box 267-. L Clinton. Mo.
1 QUALITY chick*, egg*; fifteen etanda
bred varieties; best winter laying atrait
Free delivery. Reasonable prices. Cat
logue free. Missouri Poultry Farms. Colut
bin, Mo.
QUALITY CHIX, lie up; 12 kinds; guars
teed delivery. Valuable ’chick inform
tion FREE. Quality Poultry Farms, B<
I 22(1 B, Windsor, Mo.
U. S. GOVERNMENT, saddles, comple
with fenders .uggage straps, real russt
cowhide, A grade, brand-new, $6.20; sam
used, $5.10; perfect condition. Army br
dies, double bit, double rein, new, $2.50, use
SI.BO. New army saddle blankets, wo
lined, $1.25. Us’ul snddl» oags in p»rfe<
I condition, $2.50. Will ship C. 0. D., e
■ press, allow examination, or can ship pare
. post. W. W. Williams, Quitman. Ga.
GENUINE German marks. One million, »
sorted denominations, sent postage pai<
only 00c. (Pre-war value, $230,000). L. J
Moore. Little Rock, Ark.
TOBACCO postpaid; guaranteed best meilo
leaf, 5 lbs., $1.55; 10 lbs., $2.80; smokint
Mark Hamlin, Sharon. Tenn.
MAGICAL GOODS Noveltie*. Lodettbn
Herbs, Cards, Dice, Book*. Catalog Fre
0. Smythe Co.. Newark. Mo.
FERTILIZERS, $lO per ton. Farmer*’ Fe
tilizer Agency, Mebane, N. C.
PATENTS \XjZ
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