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TTEARST’S SUNDAY AMERICAN, ATLANTA, OA„ SUNDAY, SEPTEMBER 7, 1011.
News and View
Experts of Finance, Industry, Crops and Commerce
Great Demand for Agricultural Brains;
HARD TO TELL
Many Openings at Attractive Salaries
Advance Not Due to Any One Fac
tor, and Certainly Not to
Manipulation.
Agricultural Education Pays on Farm; Farm Demonstration Agents,
for Agricultural High Schools, for United States Bureau of Agri
culture, for Agricultural Propaganda of Railroads.
~ By CHARLES A, WHITTLE. -
Georgia State College of Agriculture.
STORY OF SYNDICATE SILLY
Long Period of Depression in the
World's Markets Believed To
Be Ended at Last.
NF7\V YORK, Bept. 6.—“Why is the
market advancing?”
This Is a question that very natu
rally Ih being ask*d on all sldea just
now. All sorts of reasons are being
given. No one can justly any that th-
movement is the result of any one
condition or development.
Some skeptical observers, who are
always endeavoring to attribute a
market movement to some ulterior
purpose or sinister motive, say that
the increased activity is due chiefly to
the operations of the syndicate which
will underwrite the proposed sale of
Southern Pacific stock held by the
Union Pacific. No one takes this Idea
seriously.
Unquestionably, the better senti
ment and the more general buying of
securities which has brought about i
sharp advance In the most active Is
sues are perfectly natural and the re
sult of a considerable number of con
ditions and developments.
Carried Heavy Load.
In the first plar»*, the financial mar
kets the world over have gone
through a long period of depression
They were weighted by situations that
could not help but depress them.
There has been general Improvement
with respect to nearly all these mat
ters The present reaction upward
Is therefore perfectly logical.
Perhaps during the period of de
pression prices were carried down
ward too far They generally arc.
Then, too, while sentiment was de
plorably depressed in financial cir-
rles, a quiet absorption of all kinds
Of securities was in progress. Tills
was never fully realized in a general
way until It had gone far enough to
clear the market of the large vol
ume of securities that were poured
into It my frightened investment and
speculative holders.
The transfer books of all the largo
railroad and Industrial corporations
show that there was a steady Increase
in the number of holders during all
the months when calamity howlers
and even substantial Interests were
talking nbou general reductions lr;
dividends and all sorts of other unfa
vorable developments.
Bond Dullness Natural.
To be sure, there has not been for .1
long tlme^ "good Investment demand
for lon^^erin bonds. Even yet it Is
not tvhat might be desired by any
moans. Improvement, however, is
distinctly noticeable. As long as
money rates keep up. Investors can
not tie expected to buy on a large
scale bonds yielding a comparatively
low rate of Interest. After the crop-
moving season Is over, the rates
should be materially lower and the
demand fort bonds correspondingly
better.
What Is most important Just now
Is that a greater degree of confidence
In the financial situation, partly In the
money market. Is developing. If il
continues to expand, the improvement
is certain to be reflected in tha se
curities market.
Rack to the farm with your brains!
Brains will pay well on the farm,
especially if they have' been trained
In things agricultural.
At this season of the year the sons
of the farm are preparing to fill the
halls of learning and get brain power.
Many of them have no definite idea of
what they are going to do when thev
have completed fheir courses. Others
have a notion that if they get an edu
cation they must forsooth turn to
other occupations than /arming. Most
of both classes may find that, after
futile efforts to struggle up into place
In the fiercely competitive commer
cial world, their hearts pine for the
farm land, and they would return
to it for that longed for Independ
ence, wholesomeness and Inbred In
stinct for husbandry. But with .ill
their getting they have failed to get
agricultural knowledge, and to return
to the farm Is to drop Into the ruts
of time-worn and profitless ways.
It’s a Liberal Education.
The farm lad can find no education
better suited to him than an agricul
tural course Since an agricultural
course also means a liberal educa
tion In other courses, nothing 1s lost
In culture, or whatever the uses of .1
general education, by specializing
upon things agricultural. Nothing
will ever siand him In better st*-ad,
whatever life pursuit he may follow,
whatever disaster may befall, than a
knowledge of the principles of agri
culture and how they can be b?st
applied for the greatest success.
The demand for trained agricul
turists is great and growing, it wt»l
he an immense task for the agricul
tural colleges to furnish the men that
are required for the new farm era.
The* agricultural teachers are more In
demand to-day than any other kind
and at better salaries, because of their 1
growing scarcity in consequence ol ;
the great demand. No institution Is 1
1 . . : . . . 1,1. ♦«..
coming into existence with such tre
mendous rapidity as the agricultural
high school, and nothing hinders
their increase so much as lack of
trained teachers.
Movement Sweeps U. S.
A movement which is sweeping the
country from fine end to the other is
the farm demonstration agent move
ment. The educated and trained ag
riculturist can not complete his course
without Innumerable demands upon his
service at excellent salaries. The Ideal
farm demonstration agent, of course,
is the educated, college-trained agri
culturist, whose scientific knowledge*
and general information the farmers
want. Here in the South the farm
demonstration agent Is in great de
mand. The great difficulty Is to g'*t
men with agricultural training, anl
those in authority have to be con
tent to use such men as they can
find among the farmers for inaugu
rating the work.
In other sections of the country the
demonstrator is a superintendent, his
services arc rendered to all farmers
who join in his employment, by ren
dering advice, assisting them to adopt
new methods. In a sense he is the
modern efficiency engineer for the
farm.
This movement of employing agri
cultural specialists has only begun in
this country It Is bound to assume
great proportions, and as an inviting
avenue of occupation for a young
man on the farm, farm demonstra
tion work or farm superintendency
work, Is very promising.
The trained and scientific agricul
turist Is not only In demand for the
schools and for demonstration work,
but there is a great demand, hard to
fill, created by the Bureau of Agri
culture of the United States. The
army of agricultural workers employ
ed by Jthls bureau is large and con
stantly growing. Legislation prom
ises soon to be enacted that will
greatly Increase the demand for this
class of workers, not only for farm
arid laboratory work in this country,
but in the foreign dependencies.
Colleges Are Increasing.
The agricultural colleges with their
experimental stations are increasing
every year In their magnitude and in
their scope of operation. These in
stitutions present exceedingly attrac
tive places. They are continually on
the lookout for the most promising
graduates of every agricultural in
stitution in the country. The sala
ries which they pay are higher than
that paid in other lines of education.
Railroads and large industrial con
cerns have taken up the cause of ag
riculture, and the demonstration farm
and the trained agriculturists assist
ing the farmer with advice is coming
to be a work of large proportions,
necessitating the employment of a
large body of men. These industrial
enterprises realize that it pays to
invest in brains trained in agricul
ture.
But with all these incentives for
agricultural courses, the young man
on the farm will find that there 1r a
very important one in addition, and
that is the possibilities of the old
farm itself, when they are opened up
to his vision by agricultural informa
tion and training. The story of suc
cess of men who have received the
highest agricultural training could
be told over and over. The writer
has one in mind, that of a horticul
turist, a teacher in a State university,
who, feeling the call back to the
farm, forsook his salary and attrac
tive surroundings and went into the
trucking business. He never spent
a year on the farm that he did not
make several times more than his
former college salary. But he was too
valuable a teacher to be left at the
farm, and the Insistent call came till
he went back to the college and went
to the the position of dean of the
State College of Agriculture of Penn
sylvania.
Agriculture Diversified.
The educated agriculturists of the
Southern colleges are doing most In
thejr farming operations In the South
hv growing other things than cotton,
bv applying their knowledge of live
stock husbandry, of trucking, diver
sified agriculture, their knowledge of
crop rotation, their Information about
noil fertility, how to supply the de
ficiencies at least cost by miking their
own fertilizers, by using advanced
methods of marketing to get the best
prices; by dairying, by raising pure
bred stock, by raising rather than
buying feedstuff and live stock for
food and for work.
Of course, there are many men who
have not had the advantages of an
agricultural education who have
learned and are practicing with great
success some lines of agriculture.
These are exceptional men. They are
men with progressive ideas, men who
will tell you that one of the things
they would appreciate most Is an ag
ricultural education. None of these
Mitccessful farmers stand In the way
of agricultural education by their
own volition. They are always its
best friends. It Is always the un
successful farmer who is attempting
to discount agricultural education.
But there is more than success in
any kind of vocational training to be
gained. Why should not the farmer
have brains, culture, refinement as
much as a man in any other call
ing of life?
Cultured Planter Passing.
The day was when the Southern
planter as p rule was as refined and
cultured as anybody on earth. It is
not so much so now following the
devastation of the Civil War and with
the departure of the slave system
which made possible a life of greater
luxury and refinement. Many who
then received their collegiate educa
tion found that they were not able
to give It to their sons and too often
the sons have not felt able or in
clined to give a collegiate education
to their sons in turn. Thus has the
rural South fallen away to an ap
preciable extent from Its former glory
of culture and refinement.
The former high status of the
planter of the South in the social sys
tem of the State can not now be re
stored except by agricultural educa
tion.
The Southern States being agricul
tural In resources and activities, is
it not fair that Its leaders In legisla
tion and civic promotion should be
agriculturists? How far is it so?
It can be almost literally asserted
that farmers as a class are not repre
sented In legislation. It Ms the lawyer,
the doctor and the newspaper man
who assume the political power. Why
is it htat a measure affecting
the welfare of the farmer is turned
lightly aside in the legislature? Why,
for instance, would a legislature turn
down an appropriation for $2,600 in
Georgia for farmers’ institutes at the
very time the newspapers were re
cording that as many as 41,000 farm
ers had attended the institute during
the summer, Instltes which had been
held by the use of a similar amount
asked for?W hy these and many other
Inequalities failing upon the farming
class at the hands of the legisla
tures? The answer is that because
the farmer is not represented in the
legislative halls. The reason he Is
not tehre is that he has not been edu
cated and trained to meet other class
es there represented and demand and
contest for his rights.
Legislation favorable to the farmer
is. therefore, another reason for brains
on the farm.
South Is Reorganizing.
The South Is undergoing a period
of reorganization of Its rural life, into
which enters a serious racial prob
lem. The white man’s school and
church In the country the involved.
Men of trained minds and large and
clear vision are needed to work out
in every community its local prob
lems. It is the call for brains.
The agricultural South will come to
be more and more co-operative in its
growing, buying and marketing en
terprises. To the extent the farmers
are trained and are able to conduct
their business in a highly business
like way, without having to hire
brains for the purpose on the out
side. the more profit there will be to
the farmer. A call for brains on the
farm!
The days for entering college have
arrived. Which college? Will the
farmer make n mistake at this im
portant point? Will he spoil a splen
did farmer? Will he have his sons
educated away from the farm?
$293,000 Steel Bonds
QD]
Withdrawnby Lot
Clerk Takes 293 Numbers from
Hogshead Containing 186,000
Disks—Winners Get Premium.
NEW YORK. Sept. 6.—By drawing
293 numbers out of a large mahogany
hogshead containing 186.000 enumer
ated celluloid disks, employees of .!.
p. Morgan & Co. have withdrawn by
lot $293,000 United States Steel Cor
poration 5 per cent sinking fund
bonds for redemption November 1.
There are $186,000,000 of these
bonds in the hands of the public. Th«
securities drawn will be redeemed at
par and a 10 per cent premium, so
that the owners of the securities will
anxiously await announcement of the
lucky numbers
Redemption of the bonds Is being
made out of the accumulated inter- *
on $13,000,000 of the securities which
were purchased from time to time
in the open market.
It Is estimated that the rapid in
crease In the annual amount in the
company’s sinking funds due to ac
cumulation of Interest will enable the
redemption of ill the bonds thirteen
years before their maturity in 1963.
STOCK EXCHANGE MEMBERS
CHANGE WITH RAPIDITY
NEW YORK. Sept 6.—The shifting
character of the membership of the
Stock Exchange is well illustrated
by the fact that those who have
Joined that body as recently as 1895
are numbered around 275. When a
member Is admitted he takes the
number at the foot of the list. 1,1"<‘
and moves up as members die or
older memberships are sold. There
fore but 275 of the 1.100 members In
1895 are members* to-day. and the
memberships of the 275 date from
November 20, 1857, to January 1.
1895. a period of 38 years. “Number
One” js J. Id. Whitehouse, still an
active "two-dollar broker,” who
complete his forty-sixth year of mem
bership November 20.
PICTURES ON NECKTIES.
In England the craze for novelty
neckwear is bringing out wide four-in-
hand scarfs, wi’h wnterplanes flying
over battleships, dancing girls, and
hunting scenes woven at intervals on
the silk.
GIVE PRICES FREE.
Business men of Terrell, one of the
earliest cotton counties of Texas, are
operating a cotton exchange to fur
nish current quotations free.
Second Generation
-Of Weevils Eating
Mississippi Cotton
Farmers Lose Optimistic Feeling of
Two Weeks Ago—Fancy Wages
Offered Pickers.
JACKSON. MISS., Sept. 6.—Re
ports from nearly all sections of the
State infested by the boll weevil in
dicate marked deterioration in cotton
crop prospects, due to the industry of
the second crop of weevils.
The farmers who were talking with
so much optimism two weeks ago
concerning the tight with the weevil
are looking a bit more serious, and
frankly admit that the pest is playing
havoc.
The new generation of weevils has
destroyed millions of blooms and
squares during the past few days,
and will destroy many more. Only
in the northern section of the Delta
are the planters confident that the
staple is not going to be injured to
any extent by the insects.
In fields where early cotton was
planted there Is already a good bot
tom crop made, and it can not be
damaged, but prospects for a top
crop look rather slim.
After destroying blooms and
squares the insects next attack the
bolls, but the early varieties are so
far advanced toward maturity that
they will not be able to do much
harm.
However, even with a full second
crop of weevils actively at work. It
is still practically certain that Mis-
si.- ippi’s cotton yield for 1913 will
be larger than that of last year if the
weather continues ordinarily favor
able.
Gin plants have started operations
in many counties during the week,
and picking is general in many sec
tions. Fancy wages are offered negro
cotton pickers.
GLOVES FANCY STITCHED.
Wide stitching on fall and winter
gloves, in contrast to the glove color,
is in demand. Although prices of raw
materials are advancing, a manufactur
er said that retail glove prices would
probably not change. Roth long and
short varieties are selling readily.
SHOES IN COLORS.
The demand for color combinations in
shoes is increasing. One of the latest
examples is a gaiter boot. This shoe
has a tan calf vamp, a champagne tol-
ored .sneoe quarter and a Spanish-Cu
ban heel, covered with tan calf like the
vamp.
Window Trimming
A11 Art Not Confined
An order for 720 freight cars has been
placed by the Southern Kail way.
In the past thirteen years the Penn
sylvania Railroad has retired 7,478 men
under pay.
St. IjOuIs is to have through passen
ger service to the Pacific coast over the
Missouri Pweiflc. Denver and Kio Grande
and Western Pacific. New equipment
for this service has been ordered.
A French statistician estimates that
during the holiday season tourists In
Europe spend $30,000 per hour, or $160.-
000.000 a year Riviera, Spain and Italy
receive $60 OOP.Puff In all, and Switzer
land. $32.00«rnTTO
Statistics gathered by the Bureau of
Labor show that machinery turns out
a product ten times greater than possi
ble by band, and that the United States
turns out twice a* much machine prod
uct per laborer as Europe.
Total of foreign securities listed on
the Paris Bourse ten years ago was
$14,000,000,000: now it is $16,140,000,000.
Russian securities alone, which footed
up *2 200,000,000 In 1902, were $2,720,000.-
000 at the end of 1912.
American investments in Mexico ag
gregate $1,057,770,000 More than 50,000
persons in the United States are share
holders in these enterprises. As against
American investments the English have
Interests aggregating $321,202,800. the
French, $143,415,000: and other foreign
countries, $118,535,380.
To United States
HOG BRAINS PURCHASED
TO MAKE INTO MEDICINE
According to an article in a Danish
newspaper, a stock Sompahy has been
formed at the city of Holding, Den
mark, which will buy from the Dan
ish hog abattoirs nil the brains from
hogs they can produce. From these
brains the cornmny will manufacture
“lecithin” and “collestrln" for ex
port to Germany and Switzerland,
where they are used In the manufac
ture of certain medical preparations.
The brains aje paid for at about three
cents per pound (persumably Dutch
cents, making the three cents equal
1 2-5 cents T\ S. currency) and on an
average it takes four brains to make
one pound of the above-mentioned
products. Lecithin is a fatty sub
stance. while collestrln is a dry
powder something like napthaline.
BROADCLOTH IN DEMAND.
There are rumors of an increasing
demand for broadcloths. The luster
that is produced in the new lines arid
the popularity with which it has al
ready been received, tend to convince
dealers that it will be a big seller
before the end of the year. Accord
ing to a local wholesaler, the lateness
of the season will work especially in
favor of the fabric.
Atlantan Gives His Views on the
Best Modes of Displaying Mer
chandise Effectively.
At the window' dressers’ conven
tion it was said the stores of France
and ’ England presented few attrac
tive window displays because of the
tax formerly levied In England, and
still levied in France, on the window
space in all buildings. This state
ment is not entirely true. Many of
the Paris and London stores can
boast of more window space than
those in this country. One London
store has 87 windows.
An expert Atlanta window trimmer
says, “1 agree with the idea that the
use of mirrors behind displays is det
rimental to the merchandise shown.
“I think well also of the suggestion
that dark windows should have light
displays ami light windows dark dis*«
plays. Novelty, not freakis!}, displays
also help, provided that they can be
made attractive, entertaining and
convincing. These three qualities are
essential to all good window dis
plays.”
CHEAP PLAIDS SCARCE.
Cheaper grade silk plaids are now
scarce, and orders are taken only In
proportion to the mill’s production.
Dealers expect a price advanoe.
APPLE GROWERS' IMPOSE TAX.
To make apples more popular with the
average consumer through an extensive
publicity campaign, is the aim of the
Northwestern Fruit Exchange. It has
adopted resolutions calling on its
affiliated organizations, which repre
sent an annual production of more than
1.000,000 bores of this fruit, to supply
funds through a plan requiring the ship
pers to r*ut a stamp on every box
shipped. These stamps will be sold to
the shippers at 1 cent each, and the
proceeds will be turned over to the In
ternational Apple Shippers* Association.
It is expected that c’ose to $250,000 will
be raised in this way among the vari
ous fruit organizations, and it is
planned to make the campaign world
wide For the grower it is expected
that the results of the campaign will he
evident from an increased demand and
better prices. For the consumer it is
said to mean better and less expensive
apples.
The Texas Company purchased the
oil tanks and pipe lines of the Louis-
t
$100,000. according to in official of
the company. The Louisiana Com
pany still retains al oil and gas priv
ileges and other right and assets.
Early Fall Openings Pay
T Profit, Merchants Agree
Women Often Tempted by This Method to Pur
chase Two Outfits.
Ten Per Cent Increase in Amount
of Issue Due to Louisville and
Nashville Financing,
NEW YORK, Sept. 6.—A feature of
Atlantic Coast Line’s earnings for 12
months ended June 30 is the much
greater increase in revenue from
freight traffic than from passenger
business. In two previous years the
movement was in inverse rela
tion;
1§13 % 1912 %
Frght. rev $2,016,328 8.96 $893,834 4.13
Pass rev . 519,527 6.16 689,456 8.90
Cross for the last year aggregated
$36,123,071 against $33,498,356, an in
crease of 7.83 per cent. The gain in
the previous year was slightly less
than 6 per cent. But with expenses
consuming 68.1 per cent of gross In
1913 as compared with 67.3 per cent
In 1912, only $501,142 of the gross in
crease was added to net, bringing the
latter to $10,036,062, or 5.25 per cent
above the year preceding.
In the year ended June 30, 1912, At
lantic Coast Line earned 11.91 per
cent on $58,745,200 common stock.
The balance available for common
dividends In the succeeding year will
show a smaller percentage t n account
of the 10 per cent increase during the
12 months in the amount of that issue
following the financing by the Louis
ville and Nashville and also through
conversion of convertible debentures.
Taking up $6,120,000 of the former is
sue moans an addition to Coast Line’s
other incomp of approximately $430.-
000 a year, but this is virtually off
set by the additional disbursement en
tailed by the similar increase in the
controlling company’s common stock.
Fixed charges are also added to by
the issuance of $3,500,000 additional
unified 4s in the latter part of the
last fiscal year.
When complete accounts are issued
it is likely that a balance available
for common dividends will be shown
to be approximately $7,500,000, equal
to about 11 per cent on the $68,557,^00
common.
The early showings of fall garments
for women by many of the big retail
stores has raised the question in com
mercial circles as to whether ad
vance displays are really profitable.
Inquiry along this line developed
some difference of opinion, but the
majority of the views expressed were
in favor of early openings.
It had been contended that early
openings were dangerous because of
the rapidity with which merchandise
became old. By some defenders of
the early opening idea, this was
given as one of the chief reasons why
lines should be shown as soon as pos
sible.
Women of the middle class, It was
pointed out, supplied a large part of
the business of the average store, and
these, if in a financial position to buy
more than one new suit or dress sl
season, were more apt to do so if
they were given time to get tired of
the first garment before the season
came to end. In many cases, it was
said, a woman of average means
would be tempted into buying a fall
dress that she really didn’t need, if
she were given an opportunity to
wear it long enough before weather
conditions compelled her to resort to
a suit.
In case she was inclined to favor a
coat and a dress to a suit when cooler
weather came, it was said that an
early opening of fall lines would
doubtless result in her buying more
In the course of the season than she
would if these gowns were held un
der cover until close to the time when
a change in temperature made neces
sary a change in garments. Strength
is apparently given to this belief by
the fact that the live manufacturers
are continually bringing out new
things as a season advances with
which to tempt dollars from the
feminine pocketbook.
A question regarding the effect of
early openings on the sale of the
slow-moving or held-over stock from
the season Just ending brought a re
ply that this could be regulated by
the buyer for the department and the
merchandise man. It was admitted
that some styles were sure to be
“stickers” every season, but it was
held that these could be moved
through proper pricing and judicious
salesmanship.
Early openings were favored also
from the viewpoint that they resulted
in business from late summer visitors
to the city that would be lost If the
garments were kept from display un
til after they had returned to their
homes. They were favored also In
that, if they did not tempt a woman
to buy early, they gave her an oppor
tunity to compare styles and values
and to decide w r here she would fill
her needs. This, it was claimed, re
sulted in more buying and less “shop
ping" at the time when the store
forces were busiest and the business
needed most.
The customers were said to be
found in sympathy with early open
ings, and it was said that if the
stores found them losing ventures
they would soon be abandoned.
ATLANTA SEES
American Underwear
Beyond Competition
Development of Central America
Sets Local Merchants Study
ing Other Weak Points.
Comfort, Style and Workmanship
Excel Anything Foreign Makers
Can Accomplish.
American underwear is sold In nearly
every civilized country on the globe.
The comfort of short-sleeve and short -
leg garments, as well as the union suit
and athletic garments all of which
originated here, is given as the reason
for the world-wide popularity of these
goods. Nearly all foreign-made sus
penders are more clumsy than the
American and none can compare with
the attractiveness of styles and pat
terns and he fineness of workmanship
displayed i?i the American products.
The san e may he said of foreign-made
Pelts. Tl.ey are too bulky and few are
less than two inches wide Our nar
rower belts are in heavy fi.maml in the
hot countries, and have little competi
tion. There is also little foreign com
petition in garters, and practically a.!
o. Europe anl Central an1 South
America are supplied by American mak
ers. In addition, the duties in those
countries make it difficult for foreign
dealers to compete.
Our exports of umbrellas and canes
have been comparatively small. and
mostly to Canada and South America.
The German and English makers bend
wood better than we can, but on the
other hand tbere are American houses
that produce mountings that can not be
duplicated.
Woolworth Sales
Show Big Increase
Gain for July Alone $424,484, and 37
New Stores Have Been Opened
This Year.
NEW YORK, Sept. 6.—F. W. Wool-
worth Company sales for the first
seven months of 1913 increased $3,-
225,782 over the same period eff 1912.
Gain in July alone was $424,484.
These figures do not include sales by
F. W. Woolworth & Co., Ltd., of
England, from which the American
company obtains a percentage of
earnings annually. While this com
pany has been located in England only
three or four years, it has made ex
cellent progress, and to-day Its stores
number 25, with four or five more
to be opened before the end of the
year. At present rate of business the
American company ought to receive
about $1 on,000 from the English busi
ness in 1913.
During the current year expansion
by the American company has been
even larger than during 1912, when
40 stores were opened. To date 37
new stores have been opened and 17
contracted for to be opened before
the close of 1913. This places the
total in operation at 668. and the 17
to be opened will bring the total to
685.
FIRST FLORIDA ORANGES
BRINGING FANCY PRICES
LEESBURG, FLA.. Sept. 6.—The first
shipment of oranges to leave the State
this season was made one day last week
by Coleman & Cline, of Yalaha. It con
sisted of 40 boxes of well-colored oranges
which were gathered from the M. U.
Wilcox grove. The shipment was made
to M P. Wilcox, of Montgomery, Ala.
Coleman & Cline gave several of the
merchants a sample of the fruit, and
they pronounced it as being fully ma
tured and as delicious as any orange
picked In January. From what can be
learned, it went through on schedule
time, and sold for $7 a box.
DOLLAR STOCKS BARRED.
A decision by Attorney General
Martin, of Nebraska, holding that the
blue sky law means that each share
of stock offered for sale shall not be
less than $100 par value has been
filed with the railway commission.
The decision will have the effect of
keeping out many companies which
have agents employed to sell shares
of stock each of which has a par val
ue of only $1.
With the opening of the Panama
Canal and the development of the
markets in Central and South Amer
ica, Atlanta merchants and manufac
turers are casting their eyes to the
new field, and studying the points
which may enable them to distance
competitors, who at present ignore
many things they might heed with
profit.
A subject of complaint among
merchants and importers in Central
America is the failure of some busi
ness houses in the United States to
make prompt shipments and to exer
cise care in getting off consular in
voices so that they will arrive simul
taneously with the goods or before
them.
With boats arriving once a week
where the service is of the best at a
Central American port, and two or
more weeks apart at the smaller
ports, to miss a steamer with a ship
ment when the goods are confidently
expected by the importer is a serious
matter.
If the buyer is a merchant In the
interior he has probably sent a pack
train or has engaged a force of Indian
cargadores to be at the port, relying
upon the assurance that the goods will
be shipped on a certain vessel.
Delays Are Serious.
Failure to ship according to instruc
tions means a delay of at least a
week, and in all probability two or
three weeks. The houses that hold
the Central American trade are the
ones that are most careful about get
ting their shipments off on time.
Intimately connected with prompt
shipments. Commercial Agent Ger-
rard Harris points out in a recent re
port. is the matter of having consular
invoices available when the shipments
arrive at their destined port.
If merchandise has been sent ac
cording to schedule and the consular
invoice comes along a week later, the
goods can not be cleared from the
customs house until the invoice Is at
hand. The general Idea Is that the
people of Central America are easy
going, but it is an error to assume
that business men there do not care
for the observation of strict business
methods in dealing with their ship
ments.
Not Considerate.
A third cause of complaint against
American business houses is that they
are not inclined to be considerate and
accommodating in small matters. As
an example is cited the experience of
a business man in the interior, who
gave an order of considerable size to
a house soliciting the business. In
addition to the goods handled by the
firm to which the order was given, a
request was made that there be in
cluded in the shipment an article that
the Central American did not know*
where to purchase.
The firm that received the order
could have bought the article and
Included It without any trouble, but
instead of so doing the United States
firm listed the article on the invoice
and after it merely wrote, “Don’t
handle.” There was no explanation.
Some three months afterward the
traveling representative of that firm
was astonished when the Centra;
American informd him that he did
not care to have any further business
relations with it.
SEEN IN THE SHOPS.
Separate coats for women’s fall
wear show’ yoke effects at the shoul
ders. have straight plaits and are
belted at th e waist. They are fas
tened at one side or in front.
Venise edgings of the more spidery
sort are to be employed in various
ways in the fall toilets.
Beaded trimmings, combining also
silk and metallic effects on black net,
are among the strongest items in the
accessory field for the coming sea
son.
Evening wraps in silhouette effects
have all the fullness between the
shoulders and knees. The featured
materials for them are of the soft-
finished variety.
Imperial Valley Man Stumbles
Onto New Food Product
Which Makes Big Hit.
Atlantans next season may have the
opportunity of sampling the latest
thing in the way of food products—
dried cantaloupe.
Dried cantaloupe is a brand-new
th-ing. Out in California, where they
raise Dig crops of cantaloupes, many
of the melons are a little too small for
the trade. Thad D. McCall, of Im
perial, Cal., conceived the idea of* - dry
ing these melons. The result was a
dried fruit of exceptionally* fine fla
vor. Now he is thinking of going into
the business on a large scale.
H. H. Whitcomb fr Burke Co., At
lanta’s foremost grocery brokers, saw
in the newspapers brief reports of
McCall’s experiments. Believing the
Atlanta trade would take kindly to
the innovation, McCall was asked for
samples and for information. His
letter Is interesting.
"Relative to your inquiry about
dried cantaloupes," he writes, “the
supply was very limited, and local
demand has been far greater than the
supply. Hope to come nearer supply
ing the demand next season. As to
the success of dried cantaloupes, they
are fine eating, and the Interest
shown by letters fre .1 every part of
the United States and some from over
the borders would indicate that the
market is ready for lots of this fruit.
It much resembles evaporated apples.
May U«t Cartons.
“I may pack in cartons, if I get or
ders enough.
“The shrinkage is materially more
than other fruits and the weather a
shade hotter than the hot place ought
to be when the cantaloupe season U
on here, so prices will be good If I
pioneer the game.”
He concludes by asking how At
lanta wants the goods packed and
what the trade here will pay for the
product.
In reply, Whitcomb, Burke Co.
express themselves as anxious to in
troduce the product in the South, and
say that if the fruit is up to its ad
vance notices it ought to bring good
prices.
It seems to be like the dehydrated
berries, rhubarb and vegetables, which
have proved so great a success, and
which, by the addition of cold water,
return to their original plumpness
and flavor.
McCall Is Enterprising.
McCall seems to be a most enter
prising ranchman. He Is one of the
pioneer cotton growers in the Impe
rial Valley, where a very fine long
staple has been raised for the past
few years.
“Dried cantaloupe may be as fa
miliar in a few years as is canned
asparagus.” says W. M. Burke. “Sev
en or eight years ago everyone
thought it impossible to can aspara
gus. R. Hickmott, of California, de
clared he could do it and turn out
an edible superior to the vegetable as
it comes fresh from the garden. How
well he and the host of canners who
have followed in his footsteps have
succeeded is a matter of common
knowledge to-day.’’
COPPER SHARES ADVANCE
AS METAL GOES UP
BOSTON. Sept. 6.—In a period of
a little over two months there ha-*
been .an appreciation of over $102 -
900,000 in the market value of 32
representative Boston copper shares
Low prices for the year were made
about the middle of June, when cop
per the metal was to be had at 14 7-8
cents. Since the upward movement
in copper shares started, the meta!
has advanced.
The shares of the Lake Superior
companies have advanced despite the
closing down of all the mines in that
district.
TRAFFIC FALLS OFF.
Railways of the LTnited Kingdom
carried 31,980.000 fewer passengers in
1912 than in 1911.
Gross Earnings Make Gain Which
Is Eaten Up by the Heavy
Upkeep Charges.
NEW YORK, Sept. 6.—It is neces
sary to go back to the fiscal year 190S !
to find smaller net, earnings for Louts,
ville and Nashville than the $12,913,-
620 reported for twelve months ended
June 30. In the intervening period,
1910, net after taxes reached as hi%h
as $15,966,402, when gross earnings
were some $7,000,000 below those of
the past fiscal year.
The increase in gross for the year
just ended amounted to $2,323,665, or
5,72 per cent. Net showed a decrease
of $1,808,977, or 12.24 per cent, as com
pared with previous year, the reason
for which is not hard to And. Ex
penditures for maintenance of way In
creased $2,204,380, or 24.96 per cent
over the previous year. At the same
time there was expended on mainte
nance of equipment $1,145,585, or 11.36
per cent more than In 1912.
For the last four years maintenance
expenditures have exceeded those for
conducting transportation, but it re
mained for the 1913 year to show
charges for maintenance practically 4
per cent of gross above transporta
tion costs. This followed a jump of
two points in 1911 over 1910. Not
many roads put as much back into
property as they spend in moving
traffic.
In ten months to April 10 last Louis
ville and Nashville reported surplus
after all charges and sinking funds of
$7,701,398, equal to 10.69 per cent on
$72,000,000 stock outstanding. On $60,-
000,000 stock this would have been
equal to 12.83 per cent. As the $12,-
000,000 new stock was not fully paid
until February, when the final instal
ment of 80 per cent was due, the com
pany to date has received little re
turn from its additional money.
If to estimated surplus for dividends
is added the $3 350,000 increase in
maintenance charges shown for the
year, the former figure would be
brought up to $11,850,000, or equiva
lent to 16 1-2 per cent on the stock.
Umbrella Business
Above Last Year’s
Handles With Animal Heads, Jew-
eled Designs and Change Purses
Are New Styles.
Fall business with umbrella manufac
turers is more active than last year
Prices are advancing because of the in
creased cost of materials, but whole
salers are having little diffcultv in get
ting their advances
Among novelties offered are umbrella
handles the metal tops of which form
vanity cases and change purses. An
importer ilne of handles is topped with
sterling silver animal heads, including
dogs, horses and monkeys. A strong
fall line is one of slim rosewood, ebony,
snakewood and ivory handles with small
gold caps. Jeweled handles are shown
by a leading house. These are closely
studded, for about eight Inches at the
top, with rhinestones, garnets tur
quoises and topazes in pleasing combi
nations. A line of children's umbrellas
is topped with colored fruits, nuts and
animal heads.
A novelty in tassels is a square-shaped
one which forms a crocheted silk pocket
containing a small mirror. Another
forms a crocheted change purse and has
a metel cover held shut by a snap clasp.
The fall color trend Is toward blue!
green, taupe and black In regular
shapes. A manufacturer said yester
day that freak shapes featured last year
did not sell satisfactorily, and that they
are taboo this season.
France Takes Heavy
Lots of Jap Silk
Allotment for American Consumption
Likely To Be No Larger
Than Last Year's.
The Lyons, France, manufacturers
have been buying heavily of Japanese
raw silks this year. This is taken to
Indicate that the allotment of Japanese
silks for American consumption will be
no larger this year than last.
Prices are still tending upward. The
rising exchange is making business more
difficult at’ Shanghai. Exorbitant prices
are being asked at Canton for the few
lots of silk that are being offered there.
Buying at New' York continues active,
and while a slight reaction In prices is
expected in certain quarters, there is
little indication of it yet.
“ALC0” CORPORATION MAY
CLOSE PROVIDENCE PLANT
One of the interesting phases of
American Locomotive’s decision to
liquidate its automobile business is
the disposition which will be made of
the Providence, R. I„ works. This
property is said to represent a cash
Investment of substantially more than
$2,000,000. American Locomotive di
rectors did, however, vote to charge
$2,300,000 against surplus as a re-
serve for liquidation of the automo
bile business. Some of this reservo
will undoubtedly be needed in dispo
sition of cars, taxis and motor trucks
on hand. In fact, it is stated that the
company has over 500 vehicles of va
rious kinds in Providence or in its
salesrooms waiting to be sold.
_ Th f. nf U , of a 'ocomotlve works at
Providence is not apparent, and the
locomotive company will probablv
continue its policy of concentrating
Schenect°a n d y at ^ Unlts llke
PITTSBURG BOND PLAN FAILS
PITTSBURG Sept. 6.—City Comp.’
troller Morrow has admitted his plan
lV e .? ty 7 )nds t0 the pe °p le hiis
fallen through, the issue of $150 000
for street improvement going in’all
probability in a lump sum to the Un
ion Trust Company. Offers from the
people amounted to only $35,000
COST OF LIVING RISES
A Government report on the cost
of living among British working class
shows there has been an average ad
vance in seven years of in per cent in
fuel, food and clothing taken togeth
er. \\ ages have increased not near
ly enough to balance the increase in
the cost of living.