Newspaper Page Text
6
Tri-Weekly Market Reports
COTTON
NEW YORK, Sept. 3.—After
opening steady at an advance of 1
point to a decline of 7 points the
cotton market sold up to 24.45 for
October and 24.10 for December or
3 to 5 points net higher during the
day’s early trading. • Considerable
trade buying and ‘ covering were
promoted by rather unfavorable pri
vate reviews of crop progress in
the past week. Hedge selling in
created on the advance, however,
and prices soon eased off 10 or 12
points from the best. A private
crop report made the condition 60.0
and the indicated yield 13,068,000
bales compared wtih an indicati m
of 13,314,000 bales published by the
same authority in the middle of
August.
Another private crop report was
published later, estimating the condi
tion at 59.7 with an indicated yield
of 12,200,000 bales based on private
acreage figures. This report, com
bined with the rather unfavorable
showing of the weekly weather r e
view, promoted covering and prices
worked about 17 to 25 points net
higher. The market ruled around
24.32 for December at midday.
Selling developed on a favorable
view of the detailed weather report
and a third private crop report es
timating the conation 61.4 and the
indicated yield 13.200,000 bales. It
was readily absorbed, however, on
moderate setbacks by trade buying
or covering. The market was steady
at net advances of about 10 to 20
points at 2 o’clock.
NEW YORK COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 25.80 c; quiet.
Last Prev.
Open. High. Low. Sale. Close. Close.
Oct. .. 24.30 24.63 24.30 24.54 24.53 21.40
Pee. .. 24.00 21.34 23.95 24.27 24.22 24.05
Jan. .. 24.00 24.24 23.92 24.15 24.15 24.02
Mar. .. 24.39 24.49 24.25 24.40 24.38 24.32
.May .. 24.40 24.65 24.38 24.57 24.57 24.-16
July .. .V
10:45 a. m. bids steady. October, 24.55;
December, 24.27; January, 24.20; March,
21144; May, 24.60.
NEW ORLEANS COTTON
NEW ORLEANS, Sept. 3.—The
cotton market opened quiet anti eas
ier today. Liveipool was consider
ably lower than due and first trades
here showed losses of five to IS
points. After October had traded at
23.50, December at 23.69 and Janu
ary at 23.75, or 12 to 18 points be
low the previous close, prices ral
lied, recovering the initial loss, the
gain being attributed to expected
bullish private condition reports.
The market soon eased off again
but showed no definite trend, trad
ing being decidedly narrow. Early
reports indicated little rain in the
central and western belts but tem
peratures were very materially
lower.
The market steadily improved dur
ing the morning following the initial
drop of 12 to 18 points. The weather
map showed little rain in the west
except some showers in south Texas,
but general rains on the Atlantic
coast. The weekly weather and crop
summary was construed as bullish
as it showed insufficient rainfall and
progressive deterioration in most
parts of the belt. October traded up
to 23.89 and December to 24.04, of* 35,
to 39 points up from the early lows.
market ruled quiet but very
steady around noon and into the
early afternoon. Such fluctuations
as there were remained within the
earlier range and generally near th«
highs. The market seems to be
supported by a growing feeling that
the crop has been overestimated.
NEW ORLEANS COTTON
The following were the ruling prices in
the exchange today:
Tone, steady; middling, 23.84 c; steady.
Last Prev.
Open. High. Low. Sale. Close. Close.
Oct. .. 23.50 23.92 23.50 23.84 23.83 23.6,8
Dec. .. 23.70 24.04 23.611 23.95 23.94 2.'. 82
Jan. .. 23.82 24.04 23.75 24,00 24.00 23.87
Mar. .. 23.96 21.23 23.96 24.18 24.12 24.00
May 24.10 23.98
11 a m. bids quiet. October. 23.83; De
t-ember. 23.117; January, 21.02; March, 21.15;
May, 21.15.
SPOT ’COTTON
Atlanta, steady, 23.75 c.
New York, steady, 25.80 c.
New Orleans, steady, 23.84 c.
Galveston, steady, 24.50 c,
Mobile, steady, 23.50 c.
lavannah, steady, 23.75 c.
Wilmington, steady, 24.10e.
Norfolk, steady, 24.25 c.
Boston, nominal.
Dallas, steady, 23.25 c.
Montgomery, steady, 23.10 c,
Memphis, steady, 21.50 c.
•Cbevies ton, steady, 24c.
St. Louis, steady, 25e.
Little Rock, steady, 24.50 c.
Houston, steady, 24.30 c,
ATLANTA SPOT COTTON
Atlanta spot cotton 23.75a
Receipts
Shipments j->2
Stocks 3,925
COTTONSEED'OIL MARKET
Open. Close.
Spots 12.25 Bid.
September .. ..11.750 12.10 11.8001199
October 10.950 11.00 10.950 1100
November 10.150 10.30 10.150 10 20
December 10.05W10.10 10.00(010 07
January .. 10.070 10. OS 10.06010.09
February 10.070 10.20 10.05w10.20
March lO.OSta 10.1<i 10. WH0.20
April .. .. ....10.12W10.25 10.18010.30
Tone, steady; sales. 15.200.
LIVERPOOL COTTON
1.1 l LRPOOL, Sept, 3.—Cotton spot, good
Gemand but business moderate: prices
Steady; strictly good middling 17.15; good
middling 16.68; strictly middling 16 on
middling, 15.28: strictly low middling, 11.73;
low middling, 11.03; strictly good ordinary,
13.53; good ordinary. 12.78. Sales, 10.00',
tales, iucludilig 4,200 American. Receipt.*.,
10.(100 bales, including 6.000 American.
Futt res closed quiet, net rt to 13 points
down from previous close, but steady; Sep
tember. 14.38: October, 13. SS: January,
13.68; Marell, 13.70; May, 13.68; Tel'- 13.51.
Tone, quiet hut steady; sales, 10,000
bales; good middling, 16.65 d.
[‘rev.
Open. Close. Close.
September • 11.27 14.3 S 14.51
October 13.51 13.sS 14.01
November 13.67 11.73 13.53
December 13.57 13.67 13.78
January 13.60 13.0 s 13.7 s
Feb-nary 13.69 13.7 s
March 13.60 U{. 7o 13.79
April IV, .ils 13.76
May 13.56 13.68 13.74
June 13.55 13.63
July ... . . 13.51 13.59
POST & FLAGG COTTON LETTER
NEW YORK. Sept. 3.—Although many re
ports of deterioration continue to come In.
the results reached by private investigators
Jo not suggest any lies'.v decline from re
cent Indications for the crop nor was there
inything alarming in the weekly weather
report That there will be some
shrinkage •’«e crop prospect du- to d-outli
and her* .s be expected but even a.
tR*5. n not easy to see nn.v threat of an
actual scarcity. Improvement tn business
must run at a much mure rapid rate than
so far if early receipts from the irop a-e
to he absorbed so closely as to mean an im
portant diam-e in pri -es. Demand on .1
.scale donn increasing volume esn be count
ed On with confidence as consumers will en
deavor to average their purchase, but any
thing like really urgent buying looks de
eh’edly improbable ter the incnediate fu
tore. Some re< every prior to the report on
M-.ndny would not be surprising as n result
of precautionary covering, but on all good
rallies from this level offerings premise to
increase and advances hardly promise to
bold. Careful sales on strong markets look
the best to us.
Steel Quotations
NEW YORK. Sept. 3. Steel prices f '
ri-.tsburg per Hal you-nnm it-:
•beets, $2. Go 2.75; gaban el sheets $1'":
black th ets. $3.50, steel bars, 52 1 2.17.
Inr .lil'.UA Lu k. ,L/c*».*£kL
GRAIN
1 •
BY GEORGE ( . SCIINACKEL
(Special Leased Wire to 'l’l'6 Journal— Copy
right, 1924.)
CHICAGO, Wednesday. Sept. 3.
Big export sales with Era nee and
Germany the leading buyers gave
the wheat market additional strength
late in the session. Last prices were
1 to I 5-8 cents higher. September
1.25 1-2 and 1.24 3-8; December
1.29 3-8 and 1.29 1-2; May 1.35 7-8 and
1.35 3-4; July 1.27 3-8.
Corn was irregular at the opening,
short covering in September result
ing in a sharp upward trend in that
delivery. However, all futures had
a sinking.spell shortly after the open
ing under commission house selling
and local pit pressure. This selling
was inspired bv the forecast for ris
ing temperatures over the bigger
part of the corn belt. When wheat
rallied some of the aggressive local
bulls forced prices upward with their
liberal purchase and succeeded in
stampeding shorts into covering.
Crop news is mixed. The weekly re
port of -the weather bureau was de
cidedly optimistic as to the crop con
dition and progress made last week.
Corn closed 1 1-8 and 1. 1-2 cents
higher; September 1.19 J-S; May 1.15
1-8 and 1.15 1-4; July 1.15 5-8.
Oats followed the trend of other
grain The bulk of business was
in the nature of shifting hedges and
buying of September by carriers who
were hedging their puchases in
December at a 3 3-4 premiums. Ship
ping demand was light. Receipts
continue of good volume.
Oats were 1-4 higher to 1-8 cent
lower. September 47 7-8; December
51 3-4; May 55 3-4.
Provisions started lower under
pressure encouraged by the break in
hogs and the weakness in corn.
When grain rallied some of the early
sellers covered and this resulted in
a. partial recovery of the early losses.
Lard closed 15 cents and 17 .1-2
cents lower, and bellies 15 cents
lower.
Local cash sales were 1,020,000
bushels of wheat including 1,000,000
bushels of export: 155,000 bushels of
corn; 155,000 bushels of oats, in
cluding 25,000 bushels to exporters,
and 40,000 bushels of barley. The
seaboard reported 1,500,000 bushels
of wheat and 500,000 bushels of ryy
taken for export.
CHICAGO QUOTATIONS
The following were the ruling prices in
the exchange today:
Prev.
Open. High. Low. Close. Close.
WHEAT—
Sept. ...1.22% L 24% 1.21% 1.24% 1.23
Dec 1.27% 1.29% 1.26% 1.29% 1.28
May ....1.33% 1.35% 1.32% 1.35% 1.34%
CORN—
Sept. ...1.17 1.19% 1.10% 1.19% 1.17%
Dec 1.13 1.14% 1.11% 1.14% 1.13
May ....1.13% 1.15% 1.12% 1.15% 1.14
OATS—
Sept. ... 47% 48 47% 47% 47%
Dec 51% 51% 50% 51% 51%
May .... 55% 55% 54% 55 % 55%
RYE—
Sept. ... 87% 89% 86% 89% 87%
Dec 92% 94% 92 94% 92%
May .... 98% 1.00 97% 1.00 98%
LARD—
Sept 13.07 13.62 13.67 14.8a
Oct 13.75 13.75 13.45 13.65 13.82
Jan 13.75 13.80 13.62 13.80 13.J0
SI DES—
Sept. ... 12.15 12.15 12.00 12.00 12.25
Oct 12.15 12.05 11.85 12.17 12.35
BELLIES—
Sept 13.25
Oct 13.25 13.35 13.20 „13.25 13.45
RECEIPTS IN CHICAGO
Today
Wheat 1,778 cars
Corn 525 ca rs
Corn 1,173 cars
Hogs 29,000 bead
CHICAGO CASH QUOTATIONS
CHICAGO, Sept. 3.—Wheat, No. 2 re.l,
$1.27%@1.28: No. 2 hard, $1.2401.25%.
Corn, No. 2 mixed. $1.1901.19%; No. 2
yellow, $1.19%@1.21%.
Oats, No. 2 white, 47%@48%e; No. 3
white, 45 %® 47 c.
Rye, No. 2, 89%c.
Barley, 600 87c.
Timothy seed, $5.500 7.25.
Clover seed, $11.500 21.50.
Ln rd, $13.85.
Ribs, $12.50.
Bellies, $13.37.
KANSAS CITY QUOTATIONS
KANSAS CITY, Sept. 3.—Wheal: No. 2
hard. $1.1301.25; No. 2 red, $1.230 1.30.
Corn—Unchanged: No. 2 yellow, $1.12%;
No. 2 mixed, $1.09%..
Oats—No. 2 white, 48%c.
ST. LOUIS QUOTATIONS
ST. LOUIS, Sept. 3. —Wheat: Cash No. 2
red, $1.37@1.38; No. 3 red, $1.27@1.36.
Corn—No. 2 white, $1.1601.17; No. 2
yellow, $1.20.
Oats—No. 2 white, 47%@48c; No. 3
white, 47@47%c.
Close-—Wheat: September, $1.23; Decem
ber, $1.28%. Corn: September, $1.16; De
cember, $1.13%. Oats: September, 48%c.
TOLEDO QUOTATIONS
TOLEDO, Ohio. Sept. 3.—-Cloverseed,
$12.75 asked; October, 13.90; December,
$13.20 bid.
Alsike, $10.00; timothy seed. September
and October, $3.15; December, $3.25.
Silk Quotations
NEW YORK. Sept. 3.—Raw silk, firm.
Prices (per pound):
Kansai double extra cracks, $6.5506.65;
Kansai best No. 1, $(J.250;6.30: Shinshu No.
1, $6.1506.20; Canton extras A 14-16, $6.30
06.40; Shanghai-China steam f. i. 1. gold
double deer, $7,30@7.50.
Liberty Bonds
NE WYORK. Sept. 3.—Government bonds
closing:
Liberty 3%s $100.25
First Is. bid >11.20
Second 4s, bid .... 100.24
First 4'jS 101.27
Second l : ,s ’. 101.
Third 4'vs 102.
Fourth 4%s 101.31
Treasury 4'is 104.27
Sugar Case Appeal
WASHINGTON, Sept. 3.—The s’.i
preme court was asked today to
decide whether sugar produced in
Cuba and partly refined in Canc.da
ceases to be the product of Cuba
within the meaning of the Cuban
reciprocity treaty of 1902 granting
to th e importer a 20 per cent re
duction in the regular American
duty.
Sugar Market
NI.W AORK, Sept. 3.—The raw sugar
market early today continued firm, but as
ho sales were reported, prices "ere un
changed at 5.65 c for Cubans, duty paid.
Futures were firmer on covering and
buying by trade interests prompted bv
the firmness of the spot market. Prices at
noon "ere five to twelve points net higlf
er. September showing the maximum gain.
A tair business was reported in refined
sugar at unchanged quotations which ranged
from 6.90 c to 7.10e for fine granulated.
Refined futures "ere nominal.
In tile afternoon there was a sale of 14.-
W 0 bags of Cubas for September s'lipmeut
at 5.71, an advance of 1-16 cent.
line grrnutated was advained 15 points
refiner, making the range 6.90 10
• .25 per pound.
NEW YORK RAW'SUGAR MARKET
Open. Close.
September .... 3.76 3.99
October 4.04
December 3 "0 3 -s
March ’.3.36 3.35
May _.
FENNER A BEANE COTTON TETTER
NEW ORLEANS, La., Sept. ”.—Cotton
opened lower on overnight selling, but wor' -
<■>l up gradually and at the best s-'bl 42
above the early low and 24 over the previ
ous firals. Stateim nt in the weekly review
that crop is deteriorating progressively iu
South Carolina aud losing in many utkei
states and lower condition figures than is
sued by the early r< porting bureaus wer?
the uplifting influence. Reports today rang
id from 59.7 tours) to 61.4 -and crop fore
casts 'used n tie gtvernment acreage
ranged from 12.s;Hi.OCO t-> 13.36''.* 10. We
lock for a downward revision of ctop ideas
in the near future and rising trend t-’
B. S. BUREAU SEEKS
TO SID CHILE MEN
0T S PRICES
BY FREDERIC J. HASKIN
WASHINGTON, D. C„ Sept. 2.
When you sit down at the dinner
table opposite a porterhouse steak or
a slab of roast beef, or even a com
monplace order of beef stew now
adays you are face to face with a
symbol of a national problem—the
beef cattle situation to be exact.
The housewife, and the hotel
steward are paying rather large
money for beef. The cattle grower
is getting very little money for h.'s
live stock, so little in fact thal
stockmen are asking anxiously,
“Where do we go from here?"
Answers to this question are
vague and uncertain, and almost no
two agree, on details at least. One
expert who studies agriculture from
statistical tables and at close range
as well, finds evidence that less
beef will be raised and eaten in this
country in the future.
Just as the cotton boll weevil
drove many cotton growers of the
south to stock raising, so, he thinks,
a period of depression in live stock
prices may drive some beef cattle
men to dairying or to other lines ol
agriculture.
Most experts, however, would not
agree with this forecast. In 11 west
ern states there are 650,000,000 acres
of land, or more than a million
square miles, that the United States
department of agriculture says “can
probably never be utilized except in
ranging sheep and cattle.” Thi.”.
land covers more than one-third of
the United States. Even reclama
tion projects and development of
crops that wilX grow best in the
semi-arid conditions will not alter
the general situation much in this
great area.
The department's conclusion is
that this condition establishes the
production of range Jive stock as
one of the basic agricultural indus
tries of the west.
Growers Lose Money
Just now the growers are getting
so little per pound for their beef
that those who break even finan
cially are doing as well as they ex
pect. Yet in a time like this they
can not dispose ot their land and
their stock to advantage.
And it is no longer possible to
turn cattle loose to feed themselves
in a period of depression as cattle
men did in Civil war days. Then,
unbranded steers swarmed over un
fenced ranges and a cow sold for
a dollar.
Now, the cattle man is tied up by
heavy investments and his expen
sive and carefully-raised stock could
deteriorate to cheap inferior cat
tle in a few generations if left
alone. He would rather hold out and
hope for the best.
Cattle raising has evolved a long
way from the simple and exciting
game of capturing and branding
wild steers and then leaving them
more or less to take care of them
selves until market time. The cat
tle business has progressed from
that stage to a highly complex and
interdependent industry.
Calves are bred and raised on
the western ranges and before-the •»
are two years old are shipped to
central points and sold to feeders
who make a business of fattening
them for market. About one-fourth
of the great corn crop of the mid
dle west is fed to beef cattle. Corn,
makes firm flesh and white, rather
than yellow fat, and corn-fed beef
is becoming an American tradition.
At present the crux of the beef
situation is that the corn crop is
not large and corn is selling for
considerably more than a dollar a
bushel, a huge price compared to
that of several years ago.
More corn growers who ordinarily
fatten cattle for market would rather
sell their grain than feed it to cattle,
considering that beef on the hoof is
selling at such low figures. The west
ern rangers have a. plentiful supply
of calves on their hands this season,
but there is almost a shortage of
well-fattened tock.
U. S. Bureau Tries to Help
The department of agriculture and
live stock and farm organizations are
trying to help the stockman. The
steps being taken are not sensation
al and they do not promise immediate
relief, but they do promise better
times in the long run. Government
cattle experts believe that the stock
grower’s best chance, within his own
control, for increasing his margin of
profit lies in reducing the cost of pro
duction. Much of the government’s
research and demonstration work has
this aim of economical production in
view.
Naval Stores
SAI ANN AU, Ga., Sept. —Turpentine
quiet, 85'je. Receipts, 1,5.80; shipments,
985; stock. 13,389.
Rosin, firm; sales, 1,70.9; receipts, 4.453;
shipments, 425; stock, 108,518.
Quote: B, $4.75; D, $4.85; E, F, G, H, I,
K. $4.92%; M, $4.95; N, $5.25; WG, $6.15;
WWX, $6.50,
Money and Exchange
NEW YORK. Sept. 3.—Foreign excliangei
easy. Quotations in cents.
Great Britain demand, $4.17%, cables,
$4.47%; 60-day bills on ’banks, $1.44%.
France demand, 5.34%; cables, 5.35. Italy
demand. 4.41; cables, 4.41%.. Belgium de
mand, 5.10'2, cables, 5 02. Germany (per
trillion) 23%; Holland, 38.49; Norway,
13.50; Sweden, 26.57; Denmark, 16.51,
Switzerland, 18.81; Spain, 13.22; Greece,
182: Poland. I''%; Czecbo-Slovakia, 3.00;
J’.'go-Slavia, 1.31; Austria, .0014; Rumania,
51%.; Argentina, 35.12; Brazil, 10.90; Tokio,
41.12; Montreal, 1.00,
Call money easier: high, 2%; low, 2%:
ruling rate, 2%: closing bid, 2%: offered at
2%: last loan, 2’4: call loans against accept
ances. 2: time loans, firmer% mixed col.
lateral, sixty to ninety days, 2%®3: four to
six months, 3%©3%; prime commercial
paper. 3%03%.
MUTT AND JEFF —Jeff Tries Out the Hard-Baked Fairway of the Pueblo Golf Course —BY BUD FISHEI
tOG '- is SCCM UorsA /s<QQV' \ (coMDJG UpH (comTnGUP?) /QuU IV WOULb N
I ' TH£V Vd£ HARD a gCIF / BoV ( voCUL, Houl , ( j ' GoNfr \
; puesuo i BAKgd fairways i courts / \ onc \ , Rgbound. I high<sr.
\A ccuSSe: A Golf V I 1 . \ ' \ HADN'T STOPPGb/
\ Loot’. / I CONCfceTG - i ’ 7~-
\ / hovu i
& I HIGH IT WILL / ~
~ - -r~ A ~ _== ~ \ Boo ajoe ! J ’ /'*l "
I h ~ < s i i > ~
('H a ‘ ■/?-- J) -
~ Agfc? 0 own’
.. r r |
5. v --:~ - - - _ . ° ’’’ rt> "‘ *—•''4 ISM u- wC p
ORGANIZED LABOR A PILLAR
IN AMERICAN GOVERNMENT,
JOHN W. DAVIS DECLARES
Calls Upon Workers to Lead in Making Nation Secure
Against War —Says Writ of Injunction in
Strikes Has Been Abused
BV RALI’II SMITH
(Special Staff Correspondent.)
WHEELING, W. Va., Sept. 2.
John W. Davis, the Democratic pres
idential nominee, speaking here Mon
day, at. a great non-partisan
L»Sor dax demonstration, defined
br, attitude toward labor in unmis
takable sympathetic language. He
made no rner.tion of the platforms of
either the Democratic. Republican
or third party and no reference to
either President Coolidge or Senator
La Follette, but his utterances were
even more favorable and construct
ively helpful to labor than even the
La Follette doctrine.
After elaborating upon the prog
ress that labor has made in Amer
ica since the days of chattel slavery,
Mr. Davis declared that if America
13 to remain American, labor must
hold the ground it has gained
through the performance by the
American people of three great con
structive duties.
1. Preservation of the equality of
opportunity to doubly secure the na
tion against any tendency to harden
into a system of caste.
2. Arrange and administer our gov
ernment so as to preserve the equal
ity of right, whether dealing with
tariff, taxation, finance, railroads,
•agriculture, industry or what sub
ject so ever.
3. Make the nation secure against
war or the threat of war by adapt
ing our political and commercial pol
icies to the new conditions that ex
ist in the modern world.
Education Master Key
Amplifying the three constructive
duties, Mr. Davis asserted that edu
cation is the key to the door of equal
opportunity, and that “we do not
want men and women in America
to remain tied to the stations which
their fathers occupied. We wish all
fathers and mothers to nurse the
hope that their children may lead
happier and broader lives than they
themselves have known.”
The speaker riddled the suggestion
that there is danger of too much, or
over education. Describing such
complaints and protests as com
parable to the “mud-sill” theory con
demned by Abraham Lincoln.
Mr. Davis made it clear that he is
opposed to “the fatal path of a
state monopoly of education” and
that “we should not load upon an
already over-burdened government
at Washington the educational du
ties which properly belong to the
states, cities and local communities.”
He insisted that the people must
sustain, support and strengthen in
every way, “our indispensable sys
tern of public schools so that every
child may be assured of an educa
tion. and of such an education as
will fit him or her not only to earn
his living but also to live.’’
The country owes it to the chil
dren of the nation to see that oppor
tunity of education, once opened, is
not closed, he declared.
Child Labor Deplored
In this connection he emphasized
that “It is a blot upon our good
name that child labor should be per
mitted anywhere in the United
States to dwarf the minds and bodies
of the future citizens of the repub
lic.
“Os course,” he continued, “the
several states can and they should
prevent this thing; I do not wish
that power taken away from them.
When congress passed its first child
labor law, in 1916, it became my
duty as solicitor general to argue in
its favor before the supreme court
of the United States. 1 urged that
unless a uniform standard was
adopted, the states that wished to
legislate against child labor would
be deterred because of the economic
disadvantage they would suffer in
competition with f heir less progres
sive neighbor.”
These reasons, he argued, seem
still to hold good, and would cause
him to vote for the ratification of
the child labor amendment if he
were a member of a state legislature.
Mr. Davis asserted that equality
of opportunity is an empty phrase
unless all men are left free to grasp
it. It is necessary, he said, that the
laws, though just, do not evade
those natural rights which neither
congresses nor legislatures, presi
dents or governors, courts or com
missions rightfully restrict.
Freedom Rights Sacred
“Freedom of speech, which means |
the right to say things that dis
please as well as the things which
please those in power; freedom of
assembly, freedom of labor, freedom
of contract, freedom of press, free
dom in matters of religious belief
and practice. These are rights too
sacred to be trifled with,” declared
Mr. Davis.
“There is no danger in their exer
cise. It is the attempt at their sup
pression that leads to excess or ex
plosion.”
Mr. Davis emphasized his indorse
ment of the right of free contract, a
subject that is highly important to ,
the labor organizations of the coun- ;
try. “Towards grown men and worn-}
en, responsible citizens of the re
public,’ he said, “we cannot and
should not take a paternalistic and
protective attitude.” He asserted
that the government should leave
parties to a contract to bargain with
each other as the' Mutual benefit
requires. “The wage contract of
the adult.” he said, “no less than
any other contract, should be a
voluntary agreement. Anything oth
er than this I believe to be impos-
sible, undesirable, corrupting anc.
tyrannical. When labor bargains on
equal terms with its employer, both
parties to the contract owe it to
themselves ami owe it to society to
Keep and perform with scrupulous
honesty the contracts they have
made.”
Mr. Davis made an indirect refer
ence to the third party when he said.
“It is because I believe in a liberty
that is above and beyond all govern
mental control that I cannot sympa
thize with those who would give
to congresses and legislatures, or
even to a popular majority, the
power to do whatever they might see
fit. There is no such thing in
America as government by discre
tion. It is not the strong who need
protection against unwise and un
just laws, nor against the encroach
ments us power: it is the weak on
whom the burden of such things is
most apt to fall. They have the
right to call upon the courts to say
to every governmental autocrat,
great or small, ‘thus far shall thou
go and no further.’ ”
Injunction Writ Abused
On the subject of court injunctions
in labor disputes, Mr. Davis made
, himself perfectly clear. He said;
“There is one complaint, however,
which labor has had cause to make
against judicial process which is well
founded. In my judgment there have
been many cases in the past where
the writ of injunction has been
abused in connection with labor dis
putes. Injunctions have been issued
which by their terms went beyond
any proper limit and sought to de
prive men of a lawful exercise of
indisputable rights. They have been
framed with partisian zeal and their
effect has been to cast upon the
courts the performance of duties
which properly belong to those ex
ecutive officers of the state or na
tion who are primarily charged with
the preservation of public peace and
public order.
“It is not well for society, it is not
well for the courts, it is not well
for the parlies themselves that these
things should be so. My views on
this subject are not the result of
any newly formed conviction. When
I was your representative in con
gress I was given opportunity to
take part in framing and defending
legislation intended to correct these
evils, to limit to its proper func
tions the writ of injunction and to
give the right of trial by jury to
those who are charged with criminal
contempt.. 1 believed then, as I be
lieve now, that such legislation was
demanded. If the legislation already
passed is not sufficient guidance in
this matter we must write it in
plainer terms.
“Red” Perils Imaginary
“I do not. envy the frame of mind
which causes some men to charge
all who disagree with them with
plotting the destruction of the re
public. To judge from recent ut
terances there are those in this coun
try who see a conspiracy whenever
three, workmen meet together, a
riot when the numbers grow to ten
and a revolution if it reaches a hun
dred. Around every corner lurks a
‘red’ and nothing but the utmost
vigilance of these self-appointed
saviors will rescue the country from
the destruction that he is plotting.
“Os course, in a country so diver
sified as ours, many mistaken ideas
are set afloat. Wild theories of gov
ernment and of society are thrown
up in a population that contains so
many sorts of men. But I am one
of those who continue to believe that
the best disinfectant, moral or physi
cal. is fresh air. The best defense
against the tyranny of the few or the
despotism of the many, is free and
open debate. I prefer liberty with
all its perils, including the liberty
to make mistakes, to any system by
which the government seeks to set
itself up as the universal shepherd
of us all.
Calls Labor to Lead
“The age in which vve live differs
vastly in its social and economic re
lations and in the facts of its Indus
trial life from the age in which our
government whs founded. The glory
of our system has been that it
adapts itself to meet the new prob
lems of our everchanging life. La
bor has shared and must continue to
share in the responsibility of its
adaption. It still remains to be
shown, however, whether we our
selves are able to rise to that new
conception of international relations
what these changes demand.
“This generation needs no further
lessons of the peril and destructive
ness of war.? We must bring our
selves to think in terms of lasting
peace. With American flyers about
to complete the circuit of the globe
by air, with the human voice carry
ing across the ocean, and with men
becoming every day more and more
dependent upon products brought
from foreign soil, those who counsel
isolation are blind leaders of the
blind. We shall have world peace
and world disarmament if we are
willing to work for it. We will not
get it on any other terms.
“I call upon the laboring men and i
women of America and those on
whom the burdens or war fall with
most crushing weight to lead their
fellow countrymen on this great sub
ject, to make sure that America
takes her rightful place in the coun- -
cils of humanity and that she be
comes the first among the nations
in the service of mankind.”
fiEOßtt TO SUPPORT
LM TO Effl SPOILS
Os PDSTfiI. SERVICE
B.\ IX I’-IH DGH, Ga„ Sept. 1.--
Speaking before lhe second annual
Lpbor day meetings of the South
Georgia Postal Employes associa
tion here today, United States Sena
tor Walter F. George, of Georgia,
promised that he would support leg
islation in the next congress “look
ing to the abolition of the spoils
system in the postal service.”
The senator deplored laxness in ap
pointments under the present admin
istration ami said that he recognized
the power of the party in authority
“to select for appointment, and to ap
point, within the limits of the civil
service rules, employes in every
branch of the postal service.”
“1 have not captiously objected."
he said, “to the confirmation of ap
pointment of any person appointed
to the service, and any implication
would be unworthy of your represen
tative, but the civil service law,
which was intended to promote the
merit system, must be regarded in
spirit as well as in letter.
“Executive orders removing em
ployes or officers must be accom
panied by clear and sufficient rea
sons. Whether the applicant be a
Democrat or a Republican, any rea
sonable proof tending to show that
the applicant has secured his or her
indorsement by the payment of
money, or the promise to pay,
whether as expenses or contribu
tions to a campaign fund, will be
sufficient grounds upon wheih to re
sist his confirmation.
President “111 Advised”
Referring to the postal salaries
bill which was vetoed by President
Collidge, Senator George said:
“The president in his veto mes
sage of June 7, 1924, characterized
the postal salaries bill as ‘an organ
ized effort by a great body of pub-
I lie empoyes to secure an indiscrim
inate increase in compensation.’ The
good president was ill advised. As
the ranking Democrat on the sen
ate committee of five which con
ducted the hearings and framed the
bill, 1 emphatically declare that your
worthy representatives placed ail
the cards on the table. Their just
recommendations, courteously pre
sented, carried no implication war
ranting the president's strong con
condemnation.”
With reference to organized la
bor and its worth and to the pait
labor will play in the coming na
tional election. Senator George told
his hearers that “the basic right of
labor to organize and to bargain in
an organized capacity with respect
to wages and conditions of service,
has been won against a century of
executive and judicial opposition.”
Labor’s Profitable Era
“If the economic, educational and
moral benefits won by labor, through
organization, were lost, civilization
would slip back a hundred years.
The test of civilization is more and
more coming to be the measure of
health, comfort and economic inde
pendence of the men and women who
labor.
“In this political year, when some
would turn labor against its friends;
when some would divide, weaken and
destroy the liberal forces in our na
tional life, let the workers, organ
ized and unorganized, recalling the
years *1914 to 1920 inclusive, ask
themselves when, during a like pe
riod. American labor was ever more
profitably employed?
“Let the farmers ask themselves,
when, during a like period, thev
were able to do so much for their
children and to provide so many
HAMBONE’S MEDITATIONS
By J. P. Alley
PEYS A MAN 5
A~r MAH PAw6 PIS
MAWNIN’ FuH ketchin’ HE
CHICK/ENS, EN PAT Foot
PAW 6 MAPE STRAI6HT
H J H
iff pl
(Copyright, 1924. by The Bell Syndicate, Inc.)
pyorrhea
Can Be Stopped In 24 Hours
If you suffer from Pyorrhea, sore and
spongy gums, loose teeth or other
mouth irritations. I want to send you
my simple home treatment under plain
wrapper- It stops Pyorrhea in Its
worst form, and is curing thousands
after everything else failed. Simply
aend name for generous 10 day free
trial offer of my secret home treat
ment. Address King Laboratories
Gateway Sta., Kansas City, Ms
DAWES REPARATION I
PLAN IS FORMALLY
PUTimjTIOK
PARIS?, Sept. 1. —(By the Asso
ciated Press.) —The reparation com- j
mission today officially declared the I
Dawes plan in operation. The plan I
became effective at noon.
Active negotiations between the I
German government and bankers of
New York and London for tne loan
ot 800,000,000 gold marks provided
for under the Dawes plan are being
deferred. They will not be started,
it is understood, until the latter half
of this month or until a favorable
atmosphere is created by Germany’s
prompt payment of the sums agreed
upon fop the transitory period and
the economic and military evacua
tion of the Ruhr by the French and
Belgians has made considerable
progress.
President Schacht, of Jhe reichs
bank, and Dr. Luther, the finance
minister, who are likely to be the
German government’s representa
tives in dealing wjth the bankers,
have not yet been formally appoint
ed. When they are designated they
will meet the American and English
bankers in London to fix the terms
of the loan, which up to the present
have been discussed only within
vague limits during the sessions of
the London conference. It is ex
pected the duration of the loan will
be somewhere between five and
twenty years, and an 8 per cent in
terest rate seems to be considered
about»right.
Dr. Schacht, during informal talks
he had in London with bankers
there, is understood at first to have
said that 8 per cent seemed to him
a high rate, considering the easy
money rates in New York and Lon
don.
of the necessities and comforts for
the home?
“When, in short, did the men and
women in this country who toil in
the field and factory, make more
money?”
(Advertisement.) (Advertisement.)
James D.. Price’s Official Record Calls for His
Defeat, Says Albert J. Woodruff
Had James D. Price been the “friend’’
that he claims to be of the farmer he would
have, as a member of the Georgia Public
Service Commission, voted for a revision on
freight rates on fertilizer, agricultural lime
stone and sand and gravel for road construe-
BUY OB SELL
Classified advertisements In The Trl-Weekly Journal can be used by mir
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, be
ginning Tuesday. Six usual words are counted as * line. Two lines is lhe
smallest ad used.
Send your ad with payment to reach us by Saturday.
THE TOI-WEEKLY JOURNAL
ATLANTA, GA.
CHassiifM Adverftnsemerafts
WANTED HELP-MALE
MEN—Age 18-40, wanting Ky. Station-office
positions, slls-$250 month, free transpor
tation, experience unnecessary. Write Ba
ker, Supt, 126, Wainwright, St. Louis.
BH A DETECTIVB—Work home or travel.
Experience unnecessary. Write, Dept. 615,
American Detective System, 1066 Broadway,
New York.
W ANTED If EI.I*—FEM A
EARN money at home during spare time
painting lamps, shades, pillow tops for us.
No canvassing. Easy and interesting work.
Experience unnecessary. Nllenrt Company,
2258, Ft, Wayne, Ind.
WANTED—Ladies to embroider linens for its
at home during their leisure moments.
Write nt 4tnce. “Fashion Embroideries,”
1523, Lima. Ohio. _____
A COMFORTABLE living, home sewing for
u u , any sewing machine; city, country; no
canvassing. Send stamped addressed envel
ope. Home Industries .Co., Boomfield, N. J.
HELP WANTED—MALE, FEMALE
ALL men. women, bovs. girls. 17 to <ls. "’••1-
Ing to accept government positions. slll
- traveling or stationary, write Mr.
Ozment, 164 St. Louis, Mo„ Iminadlataly.
EARN money weekly, spare time, address
ing circulars. No selling. Ue pay week-
ly. Send for full information. Ki<-a Co.,
1658 Broadway. Dept. P-37, New
WANTED—AGENTS
SALES AGENTS-Full line quality shoes
direct to constr.it r Quick sales; big in
come. Instant returns. Permanent repeat
business. No stock necessary, sample kit
supplied. Valuable territories now open.
Write Tanners Shoe, 464 C St., Boston,
Massachusetts.
AGENTS —Get gree sample case offer. Build
your own business. Be indepetdent. Ho-
Ro-Co. household needs sell fast; repeat
quickly. Ho-Ro-Co., 2735. Dodier, St. Louis.
AMERICAN WOOLEN MILLS CO.. Dept. 3064.
Chicago, are making a free suit for one agent
In each community to introduce their fine tailor
ed to order suits at $lB and up. Write them
today for their offer.
AGENT'S —Big profits! Braided rugs all the
rage. Sell direct, % store prices! (Jitick
returns. Tremendous demand. Alpern Bros.,
48-J Summer, Chol.-ea. Mass.
GET OUR FREE SAMPLE CASE—Toilet
articles, perfumes and specialties. Won
derfully profitanle. La Derma Co.. Dept.
11.1. St. Louis, Mo.
WE START YOU WITHOUT A DOLLAR. Soaps.
Extracts. Perfumes, Toilet Goods. Experi
ence unnecessary. Carnation Co.. Dept 240. St
Louis.
FRUIT TREES for sale. Agents wantei
Concord Nurseries. Dept. 20, Concord. Ga
In Night Clothes, \
Boy of 15 Chases
Thief, Recovers Car
ALBANY, Ga., Sept. 3.—Clad only
in his night clothes, Harvard Hill,
(5-year-old son of Mr. and Mrs. Carl
Hill, at 3 o'clock this morning
chased a thief who had stolen his
father's automobile and recovered
the car. The boy was awakened b*
a noise of a starting car in fronts'
of the house. Looking out of the
window, he saw someone attempting
to drive off his father’s automohil-.
He gave immediate chase, and as
the thief was having difficulty in t
driving the car he abandoned it and.
took to his heels after going only
about a block. The boy chased the
thief two blbcks but lost him and
returned the car to his home. He
described the thief as a young white
man, short in stature.
k\\V//z birth stone RiNGrnrr
J IK Gold filled, g(iar-rlf|* 1*
""teed to give fatisfac
tion. with stone, for any month .
i Bhcn free for celling only 5 ’
pieces of olir later,t Jewelry at;.
10c. each. Write for Jewelry.
Columbia Novelty Co.. Dept. 19, East Boston. Mass,
NOW! New Low Engine Prices
I Only $
• month for a few months
—easy toown thefamous JZKr
•tandard WITTE En- J
wine. Uses Kerosene, . ,
Gasoline. Distillate or '»=w '
Gas. Equipped with celebrated
WICO Magneto. Simplest and cheaMßt to o;t
1 erate. Now dovloo makoa starting •aayCJsCsstirpkJ
FREE BIG NEW
ENGINE BOOK
•agin*book—sent absolutely Free. Noobligatiootoycu
WITTE ENGINE WORKS ■
2652 WHt< Building, ... KANSAS CfTY, M«
26335mp1r0 Building, - * HTTBBUROM,
980 *ho envy of all. Wonderful nd" ;*
vertißtngr offer. Exquisite Vanity »
Set .never before offered. Elegant <
dinner ring, unique perfume pen- '
cil. steeliny; silver friendship ring,
genuino diamond ping, handsome
jet pendant earrings, love ring ;
and beautiful vanity ease, com
pact powder, puff and mirror. All j
guaranteed. Sell only twelve •
25c. boxes famous Mentho-Nova (
(Salve). Return SB.OO and whole I
act in yours. We troat you for '
goods. Order today.
U.S.SupplyCcA-147 Veenvllla.Pa.
1/
tlon. and would not have voted for the sen- <,
oral increase in rates in 3920. Mr. Price's
official record as n member of tile Georgia?
Public Service Commission means iris defeat
and my election to the place he now hold*.
ALBERT J. WOODRUFF.
i Decatur, Ga.
WANTED—SALEMEN
FRUIT TREK 8 A LS 3M E N Profitable
pleasant, permanent work. Good side Jus
tor farmers, teachers and others. Concnra
Nurseries. Dept. 20. Concord. Ga.
PERSONAL ♦
LEARN telegraphy now, easy work, good
pay position guaranteed; twenty dollar]
reduction on tuition untit August thirty*
first. Write, for catalog. McCool Tele*
graph College, Sa idersvillc, Ga.
t _
QUALITY CHICKS, postpaid, 100 Leghorns,|
$10; Rocks, Reds, Anconas, Orps., Wyna.,.
Sl2; LI. Brahmas. .sls; assorted. .$7. Catalog.,
Missouri Poultry Farms, Columbia. Mo. ■
FOR SALE—MISCELLANEOUS 1
COBN Harvester cuts and piles on harvest- t
e. for windrows Man and horse cuts and
abocka equal Corn Binder. Sold In every state.
Only $25 with bundle tying attachment. Testi
monials and catalog FREE showing picture of
Harvester. Process Harvester Co., Salina. Kansas.
HOMESPUN TOBACCO—Chewing, five pounds, l
$1.75; ten. $3.00; twenty, $5.25. Smoking, five
pounds. $1.25- ten. $100; twenty, $3.50. Pipa
free. Money back if not satisfied. UNITED TO
BACCO GROWERS. Paducah. Ky.
MAGICAL GOODS Noveltlea. o»UMeatone,
Herbs, Cards. Dice, Books. f'AM. Free.
G Smythe Co.. Newark. Mo. *
PATENTS ’
INVENTORS (liquid write for our guide
book, "How to Get Your Patent. ” Tellij
terms and methods. Send (ketch for our
opinion of patentable nature. Randolph 4te
/Co,. Dept. GO. Washington, D. O.
MEDICAL |
DROPSYTREAriHENT )
{Hgy \ T gives quick relief. Dls-
WSKn \ I tressing symptoms rapidly i
«■> * disappear. Swelling a n I
MRIL W short breath soon gone. Often
7 entin relief tn 10 days. Nevarv <
seta heard of anything Its equal"
for dropsy. A trial treatment] •
TajFtwy’ent by malt absolutely FREE.,
DR. THOMAS E. GREEN
A Vy' Box 13. CHATSWORTH, GA.|
LEG SORES
Healed by A NTI-PT, AM MA—a •ooihtoc
antiseptic Poultice. Draws out poiitOßs, |
slops itching around sore* and heals while
you work. Write today, describing ease, .
and get FREE SAMPLE. Bayles Dlf- 1 ‘
tributlng Co., 1820 Grand Ave., Kinin
City. Mo.