Newspaper Page Text
SUNDAY, APRIL 29
2 LEASED WIRES-COMPLETE WIRE REPORTS
COTTON MARKET
AUGUSTA_COTTON
Middling today, 20.13
Middling last year, 11.75
Today’s Figures
Middling lair am
Strict (food middling . 20.50
Aoort middling 20.38
Strlot middling - 20.25
Middling 20 13
Btrlcf low middling IO NS
Urw middl<nK I'-.38
tftrlot good ordinary 00
Good middling 18.50
BtrlOt middling stains 1° 3S
Middling stain# 19.00
middling tinge* 20.13
; Middling tinge 19.88
Previous Day’s Figures.
Clos»*.
Eltng fair ... 20.50
t good middling . 20.38
middling 20.25
•tries middling 20.13
Middling 20.00
Strict low middling 19.75
Low middling 19.25
strict good ordinary *, ...18.88
.Strict middling Htaln 19.25
Middling stains .... 1/f.fcS
Strict mlddlln gt.Sngo 20.00
Middling tinge 19.75
fGood middling 18.38
Receipts for Week
1916 This Wk
Saturday ... ........... 306 190
Monday ...
Wednesday ——-
f Thursday •
Totala ... „. 308 IK
Sales for Week
Hnles. Hplnncra. Sh'pts
Saturday .. ~ ..1223 200 1166
Tuesday 1
Wednesday .. ...-— , ■'
Thuraday ... .... ——
Friday
Totala ... 1223 200 1168
Stocks and Receipts
Jtocelptfi since August 1, 1917 300,090
Receipts since August 1, 1910 370,351
Stock In AifgUMta, 1917 90,103,
Stock In Augusta, 1916 118,825
Augusta Daily Receipts
1918 Today
Georgia Railroad 66x 76
Southern Railway —— —*~
Augusta Southern ——-
Augusta-Aiken Ry.
Georgia and Florida 19 ——-
C. and W. C. Ry 9 6
A. C. L. R. R 34 73
Wagon 1 5
' 'anal —«
River ——
Net receipts 129 180
Through 177 30
Gross receipts 306 190
Port Receipts
Today. 2914
Galveston .2927 2612
New Orleans ... 2632 795*
Mobile 55 13
Savannah 892 931
Charleston ......... ...... 116 914
Wilmington 1628
Norfolk 512 3591
Interior Receipts
Today. 1918
Houston 1723
Memphis 895
Weekly Crop Report For the
Week Ending April 14, 1917.
1916.
Receipt* 87.678
Shipment* 122.821
Stock 1,026 113
Crop In sight .... 11.010,181
Came In sight 137,151
Visible supply 4,337.278
WEEK IN COTTON
<»V TMf ASSOCIATED PRESS.)
New York.—The cotton market lias
shown continued nervousness and irregu
lardy during the past week, but selling
lias been less active since the break cul
minating on Anrll 20th. and prices have
been generally higher Ruylng was check
ed during the earlier part of the week
by eonttnued good weather in the belt,
renewed nervousness over tin* ocean
freight situation and uncertainty as to
the effect of May notices. There was
also considerable May liquidation which
helped to un ettle Oh market, but tin
notices actually issued against May con
tracts on Wednesday were estimated at
less than S(M» tales, and there was a very
sharp advance during today's trading
July contracts sold up to 20.0# compared
with 18.99 -the low level of the previous
Friday, and cloned tonight at 19,95. Rela
tive firmness in the Liverpool market was
attributed largely to tin* advance In ma
rine war risks, which occurred at the be
ginning of the week and was followed by
an official statement showing an in
creased amount of tonnage sunk by sub
marines. Liverpool selling, consequent
ly, was supposed to be on straddle ac
count In the expectation of wider differ
ences. Reports that the German vessels
set Med In this country would soon be made
ready for sea and that some coastwise
tonnage might be transferred to the At
lantic trade, tended to offset these feat
ures In their bearing upon export pros
pects It seemed too that the good
weather reported in the South and re
flected in the weekly report of the weath
er bureau was modified in effect* on sen
timent by numerous report sthat agita
tion fog IjMSTVASed foodstuff* would i>
suit In de<Tcased cotton acreage in some
I
Act'ording to one of the private reports
lMUed during the week, present prospect a
Is»int to a decrease of about one per cent
n the area planted and other rejHUts is
toda then " oultl be a con
enlrrahlc reduction In the acreage of
Alabama and a noticeable reduction in
Mi*#l*#lppl. Reports from the goods trade
have Indicated less aotivltv in ordinal \
I‘uaitiesM with attention chiefly engaged by
|
Jler*. Trade Interest* have been credited
with buying new cron months against for
ward requirement* l»ut general business
hae been quiet.
WEEK IN TRADE
(•V THE ASSOCIATE 0 PHIM )
New York.—Rtadstr eet'e says today!
Notwithstanding some Irregularities,
trade and industrial currents contintp *
Indicate unwonted activity, to cope with
which exlstitng fartlltten are entirely in
adequate War exi»enditures stimulate
and indeed more could be done if the
means for getting goods shipped or de
livered were available With the opening
of navigation considerable relief will Ik*
afforded to severly overt a veil rail wav fa -
ctlittrs A sifting of the facts as regards
distribution shows that while recessions
have occurred In some branches «»f job
bing and retail trade, losses have been
pretty well balanced by heavy government
distribution shows that while reesum*
have »H*curred In Dome branches of jolt.
Ring and retail tradt losses have bet n
pretty well balanced by heavv govern
ment purchases of army equipment at
wholesale and by somewhat Hysterical
purchasing of f«»od*tufrs. born of fear of
Immediate rather than of future scarcity
Taken as a whole, trade is fully equal to
a year ago in nearly all »<>ction« and
ahead In others, and the Industrial twee
has really quickened .as the government
has made arrangements to push the build
ing of wooden ships with consequent in
crease of acttvnty In lumber, machinery
and allied lines at the Koqth and on the
Pacific coast
Weekly tank clearings. $6,0.14.797 000
BUTTER PRICES DROP
(BY THE UNHID exits )
Eioln, lilt.—The bottom dr«*p|*«d out of
the butter market here today, the ma
jority of sale* being at 37 cents per
pound, seven rents under the majority
sales a week ago. Thia is a drop of
nine cents In two weeks
R*l*; today totalled 75 tub* at 17 cent*
rnd 55 tub* at 3i cent*.
EXCITED ADVANCE
AFTERA DECLINE
(BY THE ASSOCIATED PRESS )
New York—An opening decline was fol
lowed by rather an excited advance In
the cotton market today with July con
fiacty Helling up to 19.86 to 20.26 and
i losing at 20.20. The general lint closed
irregular at a net advance of 20 to 36
points.
There was scattered Helling on the
opening deelien of five to eleven point*
owing to reports of good rains in the
.Southwest. About the only weather com
plaints received during the past week
nave been based upon reports of rain in
parts of Texas, and it seemed the Impres
sion this morning that the drought had
been relieved. The rains, however, were
accompanied by lower temperatures than
were considered desirabl. and the mar
ket very suddenly rallied on renewed cov
ering. , There was also further trade
buying of new crop months supposedly
against forward requirements and it
sci mrd tha ft here were very few con
tracts for sale around the rln*f. At any
rat e prices shot up rapidly with May
Milling up to 20.38 and October to 19.33
i nthe late trading when active months
generally showed net gains of 24 to 36
points. The close was a shade off
fro in the best on most positions under
realizing. Except for the low tempera
ture;- in tin belt, uncertainty as to the
acreage, the comparatively sharp fall
ing off in the visible supply figures for
la-1 week, and reports of large pending
government orders In the goods mar
ket*-, there appear to be nothing in the
news that was particularly emphasized
on the advance. The technical position
of the market however, was considered
firm and when shorts turned to cover
they evidently found It very sensitive
to buying orders. Reports that the gov
ernment had decided not to accept war
ill je in .an e on Mailing v cm; «■)., to tie
war zone appeared to emphasize the ac
tivity of submarines, but evidently failed
to create sentiment. Weekly reviews of
tho cm plndicnted generally good weath
er, and one of the private reports show
ed a fair Increase In acreage in Arkan
sas. An inclination to increase acreage
was also reported in Tennessee but the
emp was reported late in both states.
Kail River sales for the week were esti
mated at 150,000 pieces against 160,000
last year. A good demand was report
ed for cotton yarns to be used In the
manufacture of duck.
High. IjOw. Clone.
May 20.42 20.30 20.34
July 20.26 19.86 20.20
October 19.33 18.85 19.30
December .19.37 18.90 19.32
January 19.36 19.14 19.32
NEW YORK SPOTS
(BY THE ASSOCIATED PRESS)
New York.—t'attoii spot, quiet; mid
dling 20.65.
UP 11 A BALE IN
N. 0. MARKET
(BY THE ASSOCIATED PREBA>
New Orlean*. —Strength won shown by
cotton here today ami priced were forced
nearly two dollars a bale higher, on the
most active months In the contract mar
ket, by fear of colder weather in the belt
ana a marked Improvement in the apot
demand at higher quotations. Steadiness
was maintained to the dose which was
at a net gain of lit to 35 points. At
the highest levels the market was 24 to
37 points up.
Around the opening a tendency to fall
off under selling based on rains in Texas
was shown and prices went four to seven
points below yesterday's close. Com
plaints of too much rain at some points
in Texas, the forecast of frost for the
northern portion of that state and the
outlook for lower temperatures for a
large portion of the belt caused fear that
the cold wave would extend far enough
South In the belt to reach young cotton.
Buying resulted and prices were sent
about a dollar a bale over yesterday’y
final figures.
Toward the etui of the session reports
of a large spot business after hours yes
terday and signs of a coninued good de
mand today at higher prices further
stimulated the demand and sent prices
to new high levels. The official spot re
ports quoted the market a dollar a--bale
up on sales of 8.141 hales, the largest
spot turnover for a single session in
muny weeks. j
High. I-iow. Close.
May 19.58 19 30 19.53
July 19.37 19 03 19.30
October 18.73 18.30 18.71
December 18.82 18.42 18.81
January 15.90
NEW ORLEANS SPOTS
(BY THE ASSOCIATED PRESS 1
New Orlenne.—Spot firm. 19 points up.
Sales on the spot 7,941; to arrive, 200.
Dow middling 19.19
Strict low middling ! 19 38
Middling !..19:67
Strict middling 19.76
< lood middling ! 94
Strict good middling *2O 1’
Receipt! 2,632; stock 338,489.
COTTON MOVEMENT
(BY TMr ABSOCIATCO PRESS)
Port Movement.
Newr Orleans.- Middling 19.57; receipts
2,632; sales 8,141; sales 328.489.
(ialveston. Middling 18.90: receipts 2-
927. sales 3.042; stock 238.439.
Mobile.—Middling 19.75; receipts 65-
sales 60; stock 6.084.
Savannah. Middling 20.25; receipts 892
sales 61*6. stock 148,919.
Charleston Middling 20.00; receipts
146; stock 31,844.
Wilmington. 20**,; stock 56,478.
Texas City —Stock 19,505.
Norfolk. Middling 20.13; receipts 642
sides 735; stock 105,640
Baltimore.—Stock 37.901.
Boston Middling 20.40; receipts 272
stock 10.500. ’
Philadelphia—Middling 20 90; stock 4,-
416.
New York—Middling 20.65; recetpts 200;
stock 69.614.
Minor ports. Stock 11.311.
05t'VjS' •■«•>*: Mock 1,.
Total for week—Receipts 7.***
Total for season. Receipts *,520.700
exports 4,*22,36*.
Interior Movement.
. Houston Middling m 90; receipts V
m'io7,, , ” nfnu 3,:75 ’ *•«*: » ,wk
Memphis.- Middling 20.00; receipts 4 .
Ji* n *hlpm*>"U MIT; sale* 1.200; Mock
Augusta- Middling 20.13; receipt* ISO;
ahlpmrma I.3**; -air,. 1.223; *toA 90,103!
M Louis Middling 20 13; receipts *24;
shipment* 713; stock 32,256
m ‘, lnn " U . 41*; shipments
31»4. sttH'k 18.262
l.mir Rock Middling 1*.7»; t+celpt*
*0 ahlptncma »««; rain, 9*6; stock 37,«»0.
Dallas Middling 19 40; sales 2.822.
Montgom.-M - Middling M.O0; rain* ,1.
»3wi* *nffi t Wm r>|,u 7,<>4; " hl > ,m *' n ‘'
COTTON SEED OIL
(•v TMr associated press)
New York.—The cottonseed oil market
strong with i go.»d demand hared
on tltr Mtength m nil foodstuff*. espe
cially lard July Hold from IS 04 to 1* I*
ami cl**, t,| f*t 16.1t*. ('losing prices were
nine Jo 26 i»oim* net higher.
Sales. 19.100 barrel*
Prime crude. sl4 2041814.49.
?•**
July ... ..... i«.ioi 1 i«.u
of*
Itceraber U.o«i | u.j®
i
MERCHANTS WHO INVEST 18 AUGUSTA HERALD ADVERTISING GET LARGE PROFITS
STOCKS
STOCKS NERVOUS
IN SHORT TRADING
(BY THE ASSOCIATED PRESS)
New York. —The market was nervous
and somewhat unsettled during the
greater part of today's brief trading pe
riod, buying of certain issues being more
than neutralized by concerted selling of
the leaders, including United States
Steel and rails.
First quotations showed trivial declines,
prices soon hardening however, under
the impetus of a sharp demand for cop
pers, particularly Utah, and a spirited
rise In fertilizers, Atlantic, Gulf and West
indies, and Industrial Alcohol. Strength
of coppers was In response to latest trade
advices, an advance of one-half to a full
cent being reported in the refined metal
for mid-year delivery.
Heavy selling of United States Steel
and related industrials, the leathers, mo
tors and oils forced the list back to ini
tial prices, declines becoming more ab
rupt later on general offering of rails.
Coalers were the first to yield, Lehigh
Volley dropping three points with four
for Delaware and Hudson, and one to
two for Norfolk and Western, Reading
and Chesapeake and Ohio. Pacifies and
St. Paul laso receded one to almost two
points together with low priced issues,
notably New Haven and Missouri Pa
cific.
Short covering effected partial recove
ries, steel making up more ground than
most industrials and closing at 115%, a
loss of % point. Atlantic, Gulf and West
Indies recorded a net decline after its
early gain of 2%'points and Utah retain
ed only a fraction of Its extreme rise of
2% points. Ralls made little or no re
covery, pressure iu that quarter continu
ing to the end. Bank reserves showed a
further actual contraction of slightly
more than S9,OOOM)DO, making a total of
about $62,000,000 Ih the past three weeks.
Railroad bonds tended lower with
stocks, but internationals were more
steady. Total sales, par value, aggre
gated $1,715,000.
United States coupon 3s declined 1%
per cent, the registered 4s, 1 per cent
and the coupon 4s, % per cent on call
during the week.
Hair* In
liundmls Illgh’t Low't Clos’g
A Ills-Ch timer* a 2«% 25% 25%
Am Beet Sugar 1 98% 93% 93%
American Can II 49 45 45
Am (’at A Foundry 2 f>7 67 67
American Cotton Oil - —— 41%
American Locomotive —— 67
American Smelting 32 100% 99% 100
American Sugar . 112%
Am Tel. and Tel. l 123% 123% 123%
American Tobacco 1 193% 193% 193%
American Zinc 2 30% 30% 30%
Anaconda Copper 58 80% 79% 79%
Atchison h 103% 108% 103%
Atlantic Coast Line 114%
Ituldwln Locomotive 9 55% 54% 54%
ltaltlmoro and Ohio 4 76% 76% 76%
Bethlehem Steel l3O
Canadian Paclfl c 8 161 160 160
Central leather 39 87% 86% 86%
ChaMprake and Ohio 6 60% 60 60
Cld.. Mil. A St. Paul .... 9 81% 80% 80
Chi., K I and Pae. Ry.... 2 45% 45% 45%
Colorado Fuel and Iron ... 5 49 48 48
Consolidated (its 8 118% 113% 113%
Corn Product* 158 26% 25% 26
Crucible steel 30 «:»% 61V* 61%
Cub* Cane Sugar 5 46% 46% 6%
Erie 15 27% 27 27%
Uettcral Kleetrlc - 161%
(ireat Northern pfd lo 110 109% 109%
<Jt Northern Ore Ctfs 26 33% 82% 32%
(loodrlch 3 52 51% 51%
Illinois Central 9 104% 105%104
Inspiration Copper 43 57% 56% 58%
ltd Cer Martin* pfd Ho 79% 78% 79
International Nickel 117 42% 41% 41%
International Paper M 39 38% 38%
Ootieral Motor* 41 104% 102% 104
Midvale Steel 9 58 57% 57%
hansa* City Southern —— 20%
Kcuuecott Copper 73 45% 44% 45
Lehigh Valley 55 64% 62 63%
Lmlhvllle and Nashville —•— l3l
Liggett and Myers - 030
Lairlliard Company «...- —.— —-4- 184
Maxwell Motor* - —— 4#%
Mexican Petroleum 6 88% 88 88%
National Lead 2 57 56% 57
New York Central 3 94 94 94
N. Y. N. 1! & Hartford.. 11 41 39% 39%
Norfol kand Western 5 129 128 128
Northern Pacific ...., 25 103% 103% 103%
Pennsylvania in 53% 53 53
Ray Consol. Copper 76 30% 29% 29%
Hep Iron and Steel 21 Hi 80% 81
Mcatioard Atr Line - —— 14
bo Pfd — —3 l
Slots. Rhef Steel and Iron .. 1 49 49 *9
Studhaker Corporation *42 856* 84% 85%
Southern Pacific a
Southern Railway ......... 11 28% 28 28
m °° I’M 3 58* M\ 53At
TtimtMt. Cornier 10 17 m, ]6AL
Trta, Company 10 21044 203 203
Cnlon I-aolflc 21 IS7A, 133* 133%
CS, Rubber 3 3714 57 57*
I idled State, Steel 393 lie*, 115(4 1374
~.n “ RM * 113 A, 1 ISA* 11 it A,
'"l’M' 323 11T14 1131, 118
\ Irginta Caro. Chemical .... 4 41 43% 414.
Wahaah pfd It • j 03 04^
Western Cnlon
Wefttinghouse Kleetrlc 9 49% 4^
Mo Pac (when Issued).... lo 28 27% 27%
Total sales for the day 265.790 shares.
N. Y. BOND MARKET
(BY THE ASSOCIATED PRESS.)
IT.1 T . S. 2s registered ... 98
l'. S. 2a coupon 99
U. S. 3h registered 99
11. S. 2s coupon 99
U. H. 4s registered 105
l'. M. 4s coupon 10514
Panama 3s coupon 95
American Agricultural deb bs 103
American Cotton Oil 5s 94U
American Tel. and Tel. cl t.6s ... 99U
Anglo-French 5s -93 SJ
Atchison general 4s 924.
Atlantic Coust Lino Ist 4s -89
ltaltlmore and flhlo cv. 44js 91«4
Central of Georgia Consol. 5s 9gu
Central l.eather 5s too
Chesapeake and Ohio cv. 5 s 90
Chicago, It. and Quincy joint 4s ... 97
.Chicago. Mil. and St. Paul cvfl 4Qs. 94
ihleAgo, It. I. and Pac. Ry. ref. 45.. 72N
Colorado and Southern ref. 4i»s ... 80*»
JVnver and ltlo Grande ref. 0s 66 c,
dominion of Canada 5 s (1931) 97
*.rle general 4s ' 631 c
Illinois Central ref. 4s s6^
Tni. Mer. Marine 6a 94
Kansas City Southern ref. 5s 88’i
l.lggett and My era 5s 98 Q
Lorlllard 6s ' 959?
Isntlevllle and Nashville un 4s 92*,
Missouri, Kan. utttl Texas Ist 4»... 72
Missouri Pacific general 4s 62
New- York Central deb 6s 106\
Norfolk and Western Consol 4s ... 91
Northern Pacific 4s 9ju
Pennsylvania Consol. 4>,s .".‘.104
Pennsylvania general 4*,s 97
Reading general 4s 931;
Republic Iron and S 6s (1940) 1M
SI. Louts and San Kran adj. 6s .... 6814
M. I.mils and Southweslern Ist .... 76',
Seaboard Air l.lne adj. 5s «0U
Soulhern ltell Telephone 5a 98«.
Southern Pacific c*. 5s .. . 99U
Southern Railway 5s 91,
Southern Railway general 4s is*.
nexaa Company general 4s «ss,
Texas Company cv. *s josN
Texas and Pacific Ist 99
Union Pacific 4s ,t
United Slates Steel 6s ' '.‘Vraa
Virginia-Carolina Chemical 5s 99
Wabash lsts 10 .
Western Union 4V*s *2
SUGAR AND COFFEE
(■V TNI ASSOCIATED PRESS.)
Ns* York.—Raw sugar, steadv; centri
fugal, **.2l; molasses. *5 33. Refined, un-
Changed, fine granulated. *7 60 to *8 00.
Spot coffee, dull; Rio 7s. 10 cents; San
tos 4s, 10! cents.
COTTONGOODS
(BY TME ASSOCIATED PRESS.)
NSW York.—Cotton goods and vnrns
were firm today. l.lnens were high and
firm Hurlaps tended higher afwl rsw
silk easier The csrpet suction closed
with All offerings absorbed. ,
l wb'
GRAIN
SUDDEN COLLAPSE
IN WHEAT, 15 CIS.
(BY THE ASSOCIATED PRESS.)
Chicago.—Feverish advances of 12%c
in the price of wheat here today were
followed by a sudden collapse of 15*/£
cents, owing largely to official denials
that the Entente allies had been pur
chasing future deliveries at Winnipeg,
and because of action of the Winnipeg
exchange in prohibiting all speculative
trade. A wild finish in the Chicago
pit resulted with the market varying
from 2 J /6 under yesterday’s close to
seven advance, with Matq $2.74 to */ 2
and July $2.25 to $.26.
Corn closed % .off to 1 cent up and
oats off 114 ,t «I*4.
In provisions the outcome ranited from
neve ncents decllen to an equal gain.
WHEAT—
Op«n. High. Low. Clo**.
May . . » . 274 279% 267 274
July .... 229 236 220 H 225
Sept . . . .193% 200 188 189%
CORN—
May .... 152 154»4 146 150
July . ... 146 14814 14214 145%
OATS—
May .... 70% 7214 «814
July .... 67 6814 64’a 65%
FORK—
May . . , .3860 3900 3860 3860
July . . . .388(/ 3916 3880 3880
LARD —
July . . . .2192 2210 2190 2192
Sept . . , .2207 2220 2200 2200
RIBS—
Mav . . . .2062 2072 2060 2062
July , . . .2082 2097 2082 2082
Sept . . . .2090 2102 2090 2092
BREAK IN WHEAT,
15 TO jO CENTS
(BY THE ASSOCIATED PRESS.)
Chicago.—Speculative wheat prices
withered away today on receipt of an
nouncement that the British government
had acquired sufficient supplies for the
present, including most of the 33,000,000
bushels at Winnipeg. Before prices col
lapsed, a bushel of wheat in Chicago for
immediate delivery commanded $3.14, a
figure far in excess of anything attained
even on a paper money basis during
the Civil War.
Breaks in prices ranged from 15 to
20 cents in Winnipeg, Minneapolis and
Chicago with the greatest downfall at
Winnipeg, where a desk and three cen
sors were placed in the wheat pit.
Market experts generally were agreed
that there was enough wheat in the
United States and Canada to supply all
domestic requirements until grain from
the new harvest would be available, which
would be inside of two months. In fact,
accordln gto some authorities, there was
more wheat in sight than there were
transportation facilities for moving within
ninety days.
HIGH IRK FOR
RESERVE RANKS
(BY THB* ASSOCIATED PRESS.)
Washington, D. C. —Total resources of
federal reserve banks increased approxi
mately $37,000,000 since the last weekly
statement and have passed the $1,000,000,-
000 mark, reaching $1,023,589,000. The
statement of the banks’ condition April
27th shows:
Resources — •
Gold coin and certificates In
vaults $311,798,000
Gold settlement fund 207,920,000
Gold redemption fund with U.
S. treasurer 2.518.000
Total gold reserve 522,236,000
Legal tender notes, silver,
etc 30.340.000
Total reserve 4 552,576,000
Five per cent redemption fund
against federal reserve bank
notes 400,000
Bills discounted—members..,. 35,043,000
Acceptances bought 71,400,000
United Sttaes bonds 56,223,000
One-year treasury notes 23,450,000
U. S. certificates of indebt
edness 68,145,000
Municipal warrants 14.999,000
Total earning assets 239.260.00 ft
Federal reserve notes, net.... 20,622,000
Due from other federal reserve
banks, net 132,000
Uncolected items 201.842,000
All other resources 5,757,000
Total resources 1,023,589,000
Liabilities—
Capital paid in $ 56.409.000
Government deposits 99,689,000
Due to members, reserve ac
count 719,785.000
Collection items 129,032.000
Federal reserve notes, net 18.226.000
All other liabilities 448,000
Aotal liabilities 1,023.589.000
Gold reserve .against net deposit and
note liabilities, 68.6 per cent.
Cash .reserve against net deposit and
not liabilities, 72.5 per cflit.
Cash reserve against net deposit liabil
ities after setting aside 40 per cent gold
reserve against net liabilities on federal
reserve notes in circulation, 71.3 per cent.
WEEK IN WALTsT.
(BY THc'uNITED PRESS.I
New York.—For a brief period this
week's stock market save promise of
awakening from Its lethargy of the past
month, trading increasing to the familiar
"million share" days and prices advanc
ing five to ten points. The event which
stimulated the list to great activity and
strength was the surprisingly large "ex
tra dividend" declared on I'nlted State*
Steel common coupled with the remark
able statement of earinngs.
Other favorable, factors of the week In
cluded marked betterment In the crop
situation as Indicated by the government
report. Improved railway return*, the
easy absorption of $20(1,000.000 of notes
Issued by the treasury to aid the Kntente
allies and the unabated Inquiry at higher
prices for various raw and fabricated »ro
ducts.
These conditions were tempered in part
by further sensational advances In the
grain market and a temporary rise In call
loans to four per cent., the maximum rate
Of the year to dale. Quotations for long
time accommodation* also stiffened but
not sufficiently to cause concern.
The technical situation, namely and In
creasing short Interest contributed more
than anything else to the rise In stock*
Professional traders were utterly utipre
pared for the steel disbursement snd the
movement to high levels which lost some
of Its edge was affected almost wholly at
the expense of that Issue.
SPEAKING THE
PUBLIC MIND
Editor Herald.
Sir: In order to Increase the corn
and grain product In the south I would
*uk(test that congress at once pass a
law creating a non-cotton gone, be*
ginning on the lonKltude of Lexington,
8. C., and running westward to a line
of longitude 400 miles west of same.
In this gone fix a minimum price of
$1 50 per bushel for corn, provided no
cotton is planted. l«et the state pro
hibit cotton planting in this gone, and
each year move the gone 400 miles fur
ther west. Thus destroy the boll wee
vil and produce an abundance at
com.
L HENRY S. JONES.
Augusta 44 Years Ago
ACCORDING TO HOOPER’S CITY DIRECTORY
AND BUSINESS REGISTER
The “Augusta Gity Directory and Busi
ness Register, compiled by Joseph H.
Keene and published by Geo. W. Hooper
and Company for the years 1874 and
1875,” sets forth that it contains “A his
torical sketch, of Augusta: a complete
street directory; the names of inhabi
tants, their places of business, occupation
and residence.” Also, “A miscellaneous
record” of state, county and federal sta
tistics.
While, mainly, only in so far as the
city of Augusta is concerned will the
Hooper’s be gone into, there
are some facts and figures relating to
matters of the bygone years outside of
our community life which are interest
compelling and set one to thinking of the
trend of times and the fulfillment of
prophecies as we are knowing them to
day.
Focus your thought on the great world
war which is now devastating lands,
bleeding hearts, upsetting traditions, cre
ating murderers, and treading with sac
rilegeous foot the very sanctuary of sen
timent and home life. Then ponder the
following recital and figures of the “Leg
islative Bodies of the World,” as em
bodied in Hooper’s Directory:
Republics—Argentine Republic, Chill,
Peru, Switzerland, United Statqp, and
France.
Constitutional Monarchies—Austria, Ba
varia, Belgium, Brazil, Denmark, Great
Britain, Italy, Netherlands, N. German
Confed., Norway, Portugal, Prussia
Spain and Sweden. Fourteen in all in
1874; And of these the German is fast
tottering towards its downfall as a near
absolute monarchy before the onward
march of civilization and democracy!
The standing armies of the various na
tions in 1 874-5 are given in she Hooper’s
Directory as follows: Prussia, 200,000;
France, 120,000: Russia, 1,000,000; Austria,
825,000; Italy, 200,000; Spain, 175,000; Bel
gium, 95,000; England, 75,000; United
States, 24,000; Turkey, 253,289.
Uncle Sam was the smallest of them
all Bn those years, yet today is exerting
all influence which is more than apt to
“turn the tide” from hell-reigned mon
archy to liberty’s shores. Fact is, your
ncle Samuel is somewhat IT in these
days and times; and the Star Spangled
Banner is more than a name to the peo
ples of the world in this Anno Domini
1917!
Sweep on, oh Flag of Freedom!
From cursed monarches thrall
Thou shalt,rescue nations!
And, from despots’ bitter gall
Departed, the peoples of the earth
Shall hail, through you, Salvation!
In 1874 the streets of Augusta were list
ed: 25 “running east and west, com
mencing north at Savannah river,” and
25 "running north and soutji, commencing
at East Boundary thence to West Bound
ary.” Augusta was included In the
“Cities having over ten thousand inhabi
tants —1870,” having at that time 15,000
inhabitants. Atlanta, according to the
same authority, was accredited with 16,-
986. The population of Georgia was 1,-
184,109.
Then Hooper’s gives the “Augusta City
Government.”
Hon. Charles Estes, Mayor.
Councllmen.
First Ward—John U. Meyer, James F.
Thompson. George R. Sibley.
Second Ward—Thomas G. Barrett, J. K.
Evans, John B. Pournelle.
Third Ward—Alexander Philip, Carlton
Hillyer* William Bennett.
Fourth Ward—Patrick Doris, M. J.
Jones, T. W. Carwile.
City Officers.
Judge City Court—Hon. Wm. T. Gould.
Clerk-City Court—E. M. Habersham.
Clerk Council—L. T. Bloome.
Collector and Treasurer—l. P. Garvin.
Assistant Collector—James W. Walker.
Clerk Lower Market—Robert Philip.
Superintendent Streets and Drains—
John Morrison.
Keeper Jail—T. C. Bridges.
- Keeper Magazine—John McKinney.
City Sexton —Thomas F. Turner.
Superintendent Water Works—T. W.
Cumming.
Engineer Canal —P. S. Holden.
Inspector Books and Accounts —J. A.
Simmons.
LIVESTOCK
THE LIVESTOCK MARKET
(BY THE ASSOCIATED PRESS.)
CHICAGO CATTLE AND SHEEP .
RECEIPTS.
Chicago, lll.—Hogs: Receipts 10,000;
Busk y ' $15.60i7f $15.90
iTght 14.75© 15.85
Mixed ' ’ 15.30© 15.95
Heavy ' 15.30© 16.00
Rough 15.30® 15.50
Pi K s 10.00® 13.75
Cattle; Receipts 1,000; steady.
Native beef cattle
Stockers and feeders ...... 7.15® 10.00
Cows and heifers 51?® Ji ??
Calves ...... B.oo@ 12.00
Sheep: Receipts 1,000; steady.
Wethers 10.85® 13.25
Lambs 12.50® 16.90
N.Y. BANK STATEMENT
(BY THE ASSOCIATED PRESS.)
New York.—The statement of the
actual condition of clearing house banks
and trust companies for the weeks shows
that they hold $111,642,220 reserve In ex
cessof legal requirements. This is a de
crease of $9,256,980 from last week.
The statement follows:
Actual Condition.
'Treased diSC ° UntS '. •
R !4°e r a4d *" 2.565.000
Reserve tn federal resedve
bank deereased •••••• 16.519,000
Reserve In other depositaries
increased •••••:•* 925 - 000
Creased ' . i 17.174.000
Net*?!me deposits increased.. 2.823.000
Circulation increased .H*2S2
Accrriate reserve ' 40.009.000
Summary of state hanks and trust
companies 5 tn greater New York not in
cluded In clearing house statement.
Loans, discounts, etc., in
creased ’ 1 '
Specie decreased
Legal tenders Increased 7,400
Total deposits decreased
Hanks cash tn vault 16.363.6 0
Trust companies cash in vault 64,121,100
Stuff k-lc!>6e
.SLEEP OVER
THERE ARB H ZSf.Uli.
tICKITH ORGANS In THE
City Sheriff—H. M. Levy.
Recorder —Matt Sheron.
Lamplighter, Ist Division —A. D’Antig
nac.
Lamplighter, 2d Division —Henry Ken
nedy.
Keeper Bridge—P. D. Boutet.
Deputy Keeper Bridge—Benj. Russell,
Jr.
Keeper City Hall and Lot —M. J. De
ween.
Keeper City Clock—George Harbig.
Keeper Cemetery—Jerry Morris.
Inspector and Measurer Wood—L. A.
Picquet.
Engineer and Surveyor—Thos. W, Cum
ming. .
Superintendent Freedmans Hospital—
Dr. K. Leßoy.
Canal Wharfinger—Wm. M. D’Antignac.
Assessor—J. S. Patterson.
Board of City Assessors —From Coun
cil, John U. Meyer; First Ward, J. T.
Both well; Second Ward, John M. Clark;
Third Ward, Wm. H. Goodrich; Fourth
Ward, C. A. Rowland.
Fire Wardens —First ward, Luke Rice;
Second Ward, J. B. Platt; Third Ward,
M. F. Nelson; Fourth Ward, Wm. H.
Mulherin.
City Police Department—Chief, Jno. A.
Christian; first lieutenant, Wm. W. King;
second lieutenant, A. M. Prather; orderly
sergeant, Jno. E. Wheeler; sergeants, E.
J. Hicks, D. L. Hopkins, Thomas Lyons,
John Cartledge; privates: Josh Trommer
houser, Edward Collins, John H. Neibling,
Daniel Buckley, Thomas Mahoney, John
Sharp, Jacob Meyer, W. B. Finley, A. R.
Shaw, Hance Fletcher, E. J. Reynolds,
F. D. Tanner, W. J. Watson, J. C. Lewis,
J. W. Ramsey. John C. Best, J. E. Mar
tin, Daniel Scully, J. O. Beach, J. A. Al
len, W. J. Cobb, James Dayton, James
H. Hennis, Frank Murray, T. K. Buck,
J. D. Harbin, J. T. Butler, Warren Stor
ica, F. W. Johnson, Pleasant King, M.
McDonald, T. L. Howard, Thomas Bren
nan, A. W. Ivey, Hiran Cherry,* M. J.
Hall, Marion King, Patrick Powers, John
Kavanaugh, F. Loyd Thomas, James Ly
saught, Domino Conlon, B. F. Johnson,
W. J. Powell. J. H. Damish. R. H.
Smith, J. I). Williamson, Patrick Mulchay,
Patrick Callaghan, Richard Cotter, Henry
Speering, H. C. Hillis, Job Russell, James
Carr.
Some names there you recall of the
“faithful” who serj/eTI this town in the
last forty odd years, eh? A few of them
still with us in the flesh: D. L. Hopkins,
J. O. Beach, Hennies, T. L. Howard, and
maybe one or two more the writer can. l- *
at this moment recall.
There Is a Church Directory in the
Hooper’s, same as there is in the old
Tuther’s Directory, and there are some
changes in the personnel of the churches
which will be written of in another in
stallment. Also there will be the secret
orders, and religious organizations out
side of the churches, the military and
the fire departments, and other items
which will, come up now and then.
The “historical sketch of Augusta” re
ferred to in the outset is most interest
ing reading and will be reproduced ver
batim in this series, by sections.
“Augusta.”
“When we pause for a moment and
permit our thoughts to revert to the
past, scenes that occurred many, many
years ago, flit over our memory, and time
seems but as yesterday. Even the oldest
of us can point to something long since
gone, and think it but a span; yet, to
watch and wait that self same time, days
would seem weeks—weeks months, and
months ages. Think, then, of the long
cherished hope, nestled within the hearts
of those noble patriots who strove with
unyielding energy for some years to throw
off the yoke of tyranny, that we, their
children, might live to enpoy the land
that gave us birth.
"The liberty with which we qire blessed
was not the sudden disenthrallment of a
nation from monarchial rule, effected in
the heat of political excitement, by men
acting under the impulses of a fevered
passion. The seeds of that liberty were
sown as early as 1705 and scattered
broad-cast throughout the colonies; they
had takep root—sprung up—and the Rev
olution was the first of their long, but
effective, germination.
“It is not our intention in introducing
to the citizens of Augusta the Initial pub
25 MILLION DOLLARS WANTED FOR FOOD
DICTATORSHIP AND CONTROL OF RETAIL PRICES
Secretary of Agriculture Backe d By President In Request For
Power to Handle Nation’s Food Supply in
Time of War
BY GILSON GARDNER.
Washington.—As a war measure
President Wilson has authorized the
secretary of agriculture to ask full
powers for food dictatorship and an
appropriation of $25,000,000 to carry
out the project.
The control of retail prices of food
is regarded by Secretary of Agricul
ture Houston as no less important in
his plan than the jlower to fix the min
imum price for staples raised by the
farmer.
The reason for the government's in
terest in retail prices is easily illus
trated by a comparison just tabulated
between prices of ordinary groceries
and market necessaries as they sold in
April, 1914, and as they are quoted
today. '
For instance, granulated sugar in
this city was * m 4.cents, now 9; an
increase of 125 per cent. Flour was
then $7.25 a barrel: now it is $14.00;
an increase of 93 per cent.
Tomatoes, canned, were 7 cents, now
17 cents; an increase of 142 per cent.
Potatoes were 23 cents a peck; are
now 90 cents; an increase of 291 per
cent.
Cabbages were 3 cents a head; are
now 15 cents; an increase of 400 per
cent. Sweet potatoes were 35 cents
a peck; are now 75 cents; an increase
of 114 per cent. Lettuce was 5 cents;
Is now 10 cents; an Increase of 100
per cent.
Onions were 4 cents; are now 13
cents a pound: an increase of 250 per
cent. Split pease were 6 cents a pound
are now 12 cents; an Increase of 100
per Vent.
Dried lima beas were 7 cents a
pound, and are now 20 cents; an in
crease of 186 per cent. Novy beans
were 7 1-2 cents; are now 18 cents.
Spaghetti was 8 cents, is now 13 cents,
an increase of 65 per cent.
Corn meal was 2 1-2 cents; Is now
5 cents; an increase of 100 per cent.
Other articles which show an In
crease all the way from 23 per cent to
80 per cent Include prunes, salmon,
canned soups, rib roasts, chuck, porter
house, hamburg, 'hams, pork chops,
loins and smoked meats. Lard has
Increased 100 per cent, butter has In
creased 83 per cent, eggs have Increas
ed from 21 and 38 cents a doxen. or 80
per cent. Milk evaporated, tall can,
was 7 1-2 cents. Is now 12 cents; an
increase of 65 per cent. Baked hpnns
were 8 cents, are now 13 cents, an In
crease of 65 per cent.
These prices will not be decreased
except by governmental action. That
Is why the secretary of agriculture has
asked the senate for power to go into
the market and buy and sell all prod
ucts. and also to license and regulate
packing houses, storage warehouses
and other*plants where food is pro
duced or stored.
The Standard Oil Company Is still a
trust and Is responsible solely for the
high price of gasoline. This is the
SUNDAL_APR]I-_2f
lication of our Directory and Business
Register, to attempt to describe, with
histrionic effort, the long routine of eventt*
that has marked her career from, the be
ginning until now.
“If our brief and, as far as practicable,
authentic sketch, may chance be read by
some aged and venerable citizen, and re*
call to memory scenes of his early child
hood, one smile or tear, in vindication
of the truthfulness of our efforts, will
repay us an hundredfold to knew that for
a single moment we have succeeded in
lifting a mind, and carrying it back in
gladness to its happy home’ of the past.
“General Oglethorpe.
“Almost a century and a half has now
elapsed since that hoble patript, whose
name is sacred to the heart of every citi
zen of Georgia, halted with his little
band upon the very ground we propose to
make the subject of our sketch. Not dear
because of its favorable advancements
within the past few years; the beautiful
surroundings and the pufity of its atmo
sphere. Not dear for the monetary in
terests whisl\ so qpntrol the cravings of
mankind; but because it is our home.
“The joy and sorrow mingled with that
one little word inspires the heart with
renewed affection and kindles an embla
zoned recollection upon the memory of
every living thing of God’s noble and di
vine creation.
“Why. then, should not we be thank
ful? Blessed as we are with the sacred
privileges of religious and political lib
erty; large and inexhaustible plantations
pouring in their luxurious productions
upon every side; steamboats and rail
roads with innumerable connections daily
wending our products to every part of
the known world. And we, surrounded
by relatives and friends, cosily settled
in the beautiful city, long known as the
“Belle of the South.”
“Let us here briefly review the prog
ress of Augusta from an early day.
“When the howling wolves were heard
on every side, and the tramp of the red
skins beat the paths that now form out
prominent thoroughfares; when few white
men, and rarely a woman, was seen upon
the shores of the Savannah, General Ogle
thorpe, with a small number of followers,
beat their way through the wilderness
to this spot, and founded, amid the un
derbrush and trees, the city of Augusta.
“Here upon this lonely place, secluded
from all the world, was the home of our
ancestors. A dense forest surrounded
them upon either side, while the clear
waters of the Savannah quietly rolled to
the front. The moss dangled cypress
sheltered them from the noon-day sun,
and the wild birds greeted with their
songs. •
“Upon a soft summer night, in the
year 1735, General James Oglethorpe stole
carelessly away from his comrades and
seated himself alone upon the bank of
the river. Deeply engaged in thought
and playfully watching the moonbeams
as they kissed the rippling current, his
thoughts doubtless reverted to his far
off home, and friends so dear to mem
ory. One, at least, was mingled in those
pensive dreams,—Augusta, a royal prin
cess, in honor of whom our city was then
named.
“A few log cabins and the fort erected
in the following year constituted the
village. As an Indian trading mart (un
der the control and management of Roger
De Lace, an Indian agent, and one of
the first settlers of Augusta) it soon be
came an important post and called forth
Indian trade for many miles around. In
this one respect our village rapidly in
creased and was early recognized as the
most prominent mart either in this state
or Carolina.
“In a quiet and unmolested manner our
post increased until 1754, when the French
and English brawls again began, and our
inhabitants were compelled to seek pro
tection under the guns at Fort Augusta.
The Indians now became troublesome,
and sought the lives of our citizens. A
few pioneers fell amid these savage raids,
while the well guarded garrison told of
its work and many a red skin found his
way to the ‘happy hunting grounds.’
“The requirements for a town in early
times were not as efficient as now, nor
was it the first wish of the inhabitants,
like those of our newly western towns,
to vie with other villages, or rival them
in the construction of edifices, parks,
etc.” i
(To Be Continued.)
substance in a paragraph of the find
ings just made by the federal trade
commission, which suggests several
remedies for congress to apply. The
decree of the supreme court “dissolv
ing” the Standard Oil trust is now of
ficially found to be a joke.
This year the reunion of the United
Confederate Veterans is to be held in
Washington. It will occur (luring the
week beginning June 4th. In view of
the fact that the country is again at
war this event promises to be inter
esting. It will uo doubt /be turned into
a patriotic rally in which \>oth con
federate and federal veterans will take
picturesque parts.
A step almost as important as the
abolition of vodka in Russia is se
riously planned by the* president and
bis council of national defense. This
is an order forbidding use of grain
for manufacture during the war period
of distilled liquor. The grain which is
consumed for this purpose every year
would, it is said, feed the entire pop
ulation of France. Italy and Spain.
Indian reservations are being turned
into farm gardens on a huge scale.
Cato Sells, commissioner of the Indian
department, has acted on the presi
dent's. orders, and has replies from all
the superintendents throughout the
west explaining that the boys will be
kept out of school If necessary, to bring
under cultivation the maximum of the
Indian lands. The result will be large
ly increased acreage in vegetables and
forage crops. •
SPECIAL NOTICES
PROPOSALS WANTED.
PcptrtmflZii of Public Work*.
A’lsrufttft, Os . April 16th. 1917.
BIAUR) PROPOSALS. iddr(6Md to The City
Sounell of Anfusta. Georgia. will he retired by the
treats and Drains Committee until 4:00 o’clock p.
m . Bittern time. Thursday May loth, for furnish
ing til materials. and labor and constructing
complete approximately IC,OOO square yards of street
pavement on Monte flano Av«mie. from Central Are
nne to Walton Wav nids on various kinds of
pavement will bo reeelved. The pavvment to be
used will bo selected by the Streets and Drains
Commltfee after hid* are opened.
A bond of 110,000 will 1« required from the aue
restful bidder
Canh or certified rbeck for SSOO must accompany
each bid at a guarantee of good faith.
Payment will be made In cash on monthly eatl*
mates.
The City reserves the richt to reject any or all
bide.
HpecWcatlont can be had by application at thti
office on or after April 20th. if IT.
NISIIET WINGFIELD,
ms City Eaa’f and comT Public Works.
POLITICAL NOTICES
AFTER REINC. NOMINATED BY THE
mass meeting of the voters from the
First Ward, I hereby announce my
Oandldscy for Councilman from the
First Ward, subject to th 4 rules and
regulation* of the White Primary.,
wed.su.tf MTLLEDOE MURPHET.
at the solicitation of "friends
I hereby announce my candidacy for
Council from the Third Ward, subject
to the White Primary,
sun,wed,tf W. C. MORAN.