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PLETt LOCAL AND lELtUKAPHIIi KWrtKtl DEPORTS
UGUSTA COTTON
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opening ‘lose
fair <2 If ;=‘;'
middling 41 JI
Ung <125 41.25
111 l »M
middling 26 7f> 36 .5
«n*« “■*;
, jo<\ ordinary +'r
Ordinary 29.25 -•> -a
ELILOW TINGES— „
tct ffocxl mlddllnj . 36
Hi mkidimg TT. : *.»
Idling - 32-22 32-;{.
|r*t lot*, middling .. 25
* middling 2S.T. r » M.Za
fVLbDW STAINS—
od middling 'l4 75 - 1
iei middling 32 75
BLUK STAINS—
ood MfddiiTig -2 25 3? 25
strict Middling 3125, 212 ft,
WlddliiiC 20 25 .20 25,
Eeceiptg end Shipments
T.nst This ' Shit
y.m v ... U S ’— m-i '*
Saturday ." 1 250 & fl *
i
Tuesday 2.71 2611 vo- 1-13
W<d«eed»v 133! 570 21*2
FINAL LIBERTY BONDS
New Y©sk,~-H4n*l prl< * s «*f lib'My (
bcndw Wodnevduy wi n- 2 * ion 14. it -* j
4a. 93.0<»; lMK*ond 4*. 91 90; flrat 4'i* 93 -»2; j
•r«*r»nd 4148, 92.20; third I' t h 94.7 ft. 4th l
i%* 9*. 91.'
COTTONSEED OIL
New York.—Got 1 ona<H*d oil \*.t # fir»n
early on abort covering, and with cot
ton, but later reacted under n ullalng nml
gcaUercd commission homo selling on th<«
now at urn in lard and grain* Finn! blda
Were eight point* Higher to five net lower
Sale*. 12,490 barrel*; prim crude. S2O on,
noinliml; prime atimmar yellow, «pot,
It 1.65 March. $22.48; July $22.57: prime
winter yellow and aummer white, nomi
nal.
LIVE STOCK MARKET
JACKSONVILLE CATTLE, SHEEP AND
RECEIPTS.
Jacksonville, Fla—flogr Prospects
a* * «d y.
T’hoU e hedvy sl2 2ft#» sl 2 50
•.
Bulk 12 40
Hough heavy’ 11 omw 11 f.o
Light a II 2T*4» 11.50
11©**' v pig* 9 25t» 9 :,o
Mfht i'll. • ’ I" on
Fattle Prospects: Strong.
Hirer. 6.om# 950
Hull* . 4 f.Oflfl 600
TeaglinK* 4 r.o/n- 600
Cow* , 4.f»of/ 6.50
Nftfer 500 so 6.50
VSKI 1 • ...
'
NiW YORK CATTLE. SHEEP AND
HOG RECEIPTS
Naw V orh I \ 1 •w » r
amnion to fair steers ~.. J 550 , 0|!4' , r»
•lull*
C’OWr 4 5047 10.00
Ogive*: Firm.
common to prime veal* . 19 00© 24.00
<\lllr % 11 (Will 13 00
Hheep and lamba Steady.
Sheep towes) 7.00© 10 .70
, F'ttlH 4 50fo f, 50
K^^Eriing.*
Ordinary to good 1 uni bn . 17.50© 19 fio
? Cull a
1 • ■
light weights. heavy hoga <fver 20u pmupH,
T sl4 50; pigH. under 100 pounds. Si t 75;
rough* sl2 o<>
STOCKS AND BONDS
Railroad Stocks.
Blda Asked.
A. jlttd W P, it It Co., 140 150
Chattahoochee rt Gulf It, Jt 92
Hit hem Ky . common . , 21 23
•u thorn liy.. pfd stock 56 58
flank Stocks.
It. II f Hanking Co. 228 230
ttlonal Exchange Hank of
Auguata 140 145
luntera Loan A Having* (10) 40 45
Ms« na A Southern punk 275 300
,erchanta Punk *»0
Jnioti Svgr . pm- value sllO ...150
PROVISIONS MARKET
CCoj'rbOted by Murphcy &. Co )
|k' M« al—Waurground, on«* bu*h«*l ? i
Kfnour—r«»e> . i*mt , ««*lf* rinini; • 13 On
1). S, ri-g , |*l«t»***, 8-lb *»v Ist*
p|fO«tn Whit** (Ml Ift ... .... 107
• hirkeit 100-lh hag*.. 3,75 |
* 'otlOlt**e<l fr«*<J m«*ul... (*4 **o !
«T «‘om~- No. 3, whit«* . . 2.00
|i flay—Fholcv alfalfa 46. (M) I
If t’oltoniit d hull* 21.00 i
PRODUCE AND LIVESTOCK
Tho Augusta Stock Vurdn qunt< s hogn, ’
cattle and owlvon today an follows;
H(K;s m ■..! n tr.i * p«r I.i>
Levanty"five pound* and up i-b>nn
«\ATT!.E~- I4«*t»f & pork on hoof
< onitnon f. ft 6
| Ordinary t; *j 7
i lood ............. . 7 t»t s
l-'jiru-N
* ’ A IjV MB
Ordinal> k* # **l%
tICMKI . i«> a|i?
li o||
TELLS HOW TO FIGURE
EXCESS AND INCOME TAXES
Ooldherg 41 Matin. "* ltrt»m!w ay, N« w !
York. hP'c prrpiti'tl a ImmiKlci "Tmv*'» for
191$" whklh r upreh«*nalv« l\ «b scrib. m
ihe taoonie anti rtt'fii and ho* to figutt* i
J. W. JAY & COMPANY’S COT
* TON LETTER
' New York.—*Bu»dm\Y mL« \ w.i*
htalnly in »h<r way of liquidation on both j
Kidm in view of tomorrow * holiday
f*rlct*fi held firm on buy Ini: for Liver* i
pool and aouthweatern lnt«‘r***t» mhlltj
aotTie of the recent buy eta were aeliing i
I'eoJiomu and financial contlitiona aboard
allow no iui|»rov ament ami w«- do not
favor purchaaea at thl* tlm«
___ J w JAY A. 1 OMr V\ V
C r~'V —y.. ••
I tf 11 1 *' rl »"l^M»f'*-j
SEC’Y HESTER’S WEEKLY
COTTON STATEMENT
Cvmparlr»»*n« are to actual dut<r* not
to eorresponding weekti.
In night for week riding la*-.
26th 101.000
Do aaim 7 days Ut«i year 427,000
Do for the month 1,751,000
Do mine date lavt year 1.489.000
I>o for e*«gon 6.82.1,000
Do game date Jaot year 6.315,000
Port rec ipi s for reason 3,6«UH)0
J>o same flat. IhiP year 2.776,000
Overland to milk md ‘ foi
season . 561,000
Do name date lard ear 716.000
Southern mill takingn for weapon 2.169,000
Do same date la«t year 2.218.000 j
Interior stoekw in- excews i f Aug^.
Jat . 431,000 j
1h» Jaw! year 605,000,
Do same date hut year 1.81.6,000 !
Do for we,iwon 2,668,000
Foreign ■ xpoi tw for wirek ...... 177,000 |
Df same 7 days In-' year J02.<0)0 ,
Norlhn ri Hpimnn ' takings and
PfHiHria Tor w< < K 61,000
Do same 7 dayw lawt year .. 63.000
Do for sen won 1,122,000
Do t4> name dat.- law year ... 1.124,000
STRONG OPENING |
! ol| CURB MARKET
!
New York.—A Hln-nr opening of the
out; lr!» K«*eur!ii<a market followed by a]
lint that mo\ Ad cloaely along the linen
taken In tin* atock exchange marked the
hint trading day in 1919. Trading wan
in better volume Ilian I* uaual In pro
bolida - buMim eM. Aw for Home day* pant,
oil* were fin renter of Intereat, with
gaina ranging from fraction* to more than
four points International Petroleum
re<irh**d new high reeord. Thla slock
has advaiu rrl pi ;n t i'-ally forty point.*! 11l
two motithH Mining 'hares ahowrd a fair
\uhime o! trading, with tin rupeelal fea
lurn With the h.-tter neww, Inter
hnrotigh Th gained i\, pointrt.
Shares Stock Hid Anked
56,000 Allierl Oil % 15-16
5,000 r’oHden Oil 9 M 9 »
6.000 I'Vrleriil Oil 4 1 * 4%
200 1 loiiHton OI! 150 153
5.000 fnt Prf.ni 74 70
■ oo Merritt Oil 10 M
200 viei Oil 2% 3
1.500 Mid w efti Refg. . 169 171 '
2,000 It Oka id Tex 1 2
:.oo Tex Hanger r.*1t.... I V N 1%
1.900 Vie. ini (new) l % I %
3,700 AI la nta 2 3
2 500 P.ig l.edg . 7-16 % -
5,000 |h.H and Mont 70 71
2 mm i ioldfleld r 'unnol 10 11
1.300 Jumbo K\t 6 7
200 XipiHMHlng Mltui 12 h 12%
3,000 K«>x Con 9 II j
670 Ton. Kxt 2U 2%
BUOYMIT MARKET.
11l ILL STREET
By BROADAN WAL.
Nqw York.—Wall utreet Hoard the old
>#«i with a buoyant market both in
HlockN and in call mourn The call rate
went to 25 per tent hut the market paid
little attention for nhortn were anxioual
to u**t under cover and putriota who had I
Hold MtocltH for lax lohh purpoaea were
anxioun to g»*t their nharea bttrk f«ar
ing a boom on Friday. The ptofesaionols
at gut* that a market able to aland the
high mien that have prevailed in the
nuHl week it* not a nufe one in which to
be ahort. Time iruyney went to nine per
. . i,’
Kverybod) wan wiioopiiiK for higher
pricea alt day and they eamc in nearly
every laHue. American Woolen wan the
leader with an extreme advance of 7l‘ u
t»olntH. while <J»*neral Motor*. ttuhber.
Texan, f’nic.b* It* public. Kndlcoti Jihr.
Hin and even ntee| moved Into new high
letrlUty The fails were up fra< l ionallv
Men< \ opened at If* per cent and ruled
ariumt 25 late in the day. Another high
tall rate l* exported* in Friday amt
everybody Intends to buy more Ntick* on
Friday In wplte of It Tlicrr never wan a
limn in Wall street when Hentijpent was
ho nnaninuuiMly bullish From bank I
president* dow n to office boys it is nil
hHtled that there is to be a tremendous
bull market that will break all record*
In the excitement of Tuesday nobody
stonped to wonder who whh selling all the
mtfa'kh It may hi* stated confidentially
that the sellers were tlu most important
flnaneial interest* o! Amerteu for they are
not approaching the New York with that
spint of hilarity thut seems to have
Helled the Wall street mob. They con*
ced» the market !h ri*ing now and they
think possibly tt .might eontlnue to rise
lor a few days longer They adtplt thut
some Hpei laltie* may continued to rise for
wv t ks but the> ar<* sellink
l\ *n they can do ho without attracting
ittention lor the> look upon 1920 as a
\eat of lu'nvy liquidation of securities.
Much id tl»e guying Wednesday was for
the account of patriots who sold for tax
.on* purposes
The market enters the N< w Year with
th tnhnlcal condition much weak**ned
and wit 11 a certainty of high money for a
| few day* at least. It will he interesting
to see the 1 esult for such a condition ban
Is« ldom advanced the market ttt the past.
I Tlie governmeM will withdraw* several
I hdndred of millions of dollar* from the
hanks 111 the lust week of Jamary and
jail the reserve hanks are working to
gether to f*§tve h(| her prices for funds
both for Hpceuiatlx lines and for oidN
I naf' 1 omtiiermal purposes
! The present advance tn the market rvp
j r«'sents the distviittiling of the signing of
| tlo peace treaty, the railroad bills and
settlements of th» coal and steel strikes.
\n> hitch in legard to the treaty, the
railroad lull* wU| he quickly reflected in
* lie stock mat Vet
I tilted State* Kuhber movad to n new
j high i.eord In expectation of early anv
j t>.nine, incut of extra dlvld *4i on the
I common stock
All the rubber and tire comimnles were
I strong also because of advances tn tbs
I price of the output
American Tohmvo S«« tirhtea aud Retail
•stole* advan«'ed In ie*|miiK >0 the re*
I■ >' { 1".: to !att«: I:ad about closed a
At Strand Today.
Ideal for ;u4jujdi|on of a <hain of » all'
j stores l,oft <’and> wold at a new high '
j price for ihe movement. THi» i» in i **c-;
? ognltiOTi of remarkahV made dt r*!
| ing rh. holiday»
TABLE NECESSITIES
AND THEIR PRICES!
I
(Compiled bv T Grib.trr; )
j Gratiam Pour, 12-Tb ha»* j
IGotir, °4-lb. «*nek.. .1781
J f’ottr X'-!f-r!alrig, 24-lh sack... . 1.65 j
; Meal, peck 60
I peck 60
Ttewt rice pop fid 1?
Medium rice, rround .. 15
! Pure >af »ard. pound 9 r »
T’offee. best pound . ,65c ro .60 1
i Medium grade rnf{*' r . pound. 2Fo to 40
iT a. pound be«t rrade SCc to 100 |!
[Ten. medium rrade. pout’d 60
J f’ounfry hutier, t otird 55
l Oleomargarine, pout’d 15c and 00
Frewb yard cjrgw dogen 75 ,
I Storage ' : r gw do7'*n .. . . 60c to 65 ,
American Cream '!»eew', !b 40e to .45;
S*’trar cnr<*6 bamw, pound . 35c t > .45.
f r l p brrakfgat bT'on (diced) lb ■• • SOI
1 Irewkfa •* bacon fin cartoriw) t
pound 66c to 70'
Rolled ham, pound 70 j
Evaporated cream '’tall cans)..-.-* 161
T'.vaporafad cream (wmall) Of !
| Quaker and Meeker'* oat*, pound
• 'grtoon 15
Lamb chop*, pound 60
Porter hou*<- *tenk. pound 40
j Round 6fenk, pound 35
Veal chop* pound ... .46
Stewing heef, pound 1$
tnevaed hen* not drawn, each $125 un
I Turkey*, on foot, pound 46
I (lease, each $1 25 to 2.60
Pork wauwage, pound 40c to .45
! Norfolk oyster*, quart ... . 65c
Hunch flwh (4 to 6on airing) 25c and .30
Rewt fl*h. pound 23c up
White potato-'*, peck *6
.Sweet potato**, pock 66
'’abbage. pound -6 r>
f ’atillflower, each 25c to .46
Dm umber*, each 16c to .16
Kgg plant*, each If to .15
' >!ery, bunch !0e to .30
Onion*, pound 7c to .10
Lettuce, home-grown, each 16
•Mead lettuce .20
Turnip*, bunch 10
Far rot*, bunch -10
Reotfl, hunch 10
Frewh tomato**, pound 20c to .21
Apple*. dn*en 20c to .60
Orange*, doaen 40c t > .60
>Or*pe-fruit, each 16c to .20
Hagan**, dor,en ...35c to 30
T,emou«, dor.rn **oc to .35
tJrap*-*. pound 20c to .35
. Prune*, pound (45c to 30) 35
Evaporated apricota, pound 43
Cocoa nut*, each 15c and .20
Date*, pound •••
Thayer ralatns, pound 70
Loowe olive*, quart 45
Sweet mixed pick!?*, quart 35
Spinach, bunch 16
Cranberries, pound -21
DJum puridingH, cans 10
Recan nuta, lb 40c to .80
English walnut*, pound 45c to .60
Filbert*, pound 40
Rrasil nuts pound 40
Orange peel, pound 30
Fruit cake, 2-lb pkg 130
Citron 65
NAVAL STORES
JACKSONVILLE NAVAL STORM.
Jacksonville, Fla. — Turpentine, strong.
1.61; sales, 226; receipts. 143; shipments,
160; stocks. 11,346
Rosin, steady; sales, 1,197; receipt*, 429;
shipments. 1.34).%; stocks. 91,218.
Quote: R. I), K. *16.45*/’ 16.60; F. (\,
*16.456/ 16.56. 11. *16.456/ 16.60; l. *16.806/-
16.85; K. *18.25. M sl9 00; N. *19.50; win
dow glass 120.60 61 20.75; water white,
*21.25.
ANXIETY PREVAILS
OVER PRICE ADVANCE
Says Federal Reserve Board
in Review of Business Con
ditions.
Washington, D.C.—<.*ensral anxiety pre
vail* throughout American business con
cerning the continued advance in prices
and 11 readjustment appears imminent,
the federal reserve hoard reported lout
night In its review of ItecembT busi
ness conditnons Through the hoard's
statement the Inference whh strongly
given that a reduction in prices Is due
becauj-c of n recognised curtailment of"
hpylng power coupled with a lack of
unanimity of opinion as to whai the fn
ture holds
While retail trade shown great activity
atid wholesalers and manufacturers .were
represented a* being unable to supply the
demand, the great growth In business was
shown to have been teflon of dollars and
not In units of production High wages
for labor further complicated the situa
tion according to the board’s review.
Practically every federal reserve district!
reported that "skilled labor was work
ing only sufficient days to keep going*'
resulting In a consequent falling off in
production.
Labor unrest, the review said, showed
some abatement during the month hut the
greatly reduced production of the pre
« edlng month was not by any means ful
ly restored The termination of the coal
■ti kc and the oeasatton of acttvlt) in the
•teeT strike as well jih the greatly in
creased number <»f men employed in those
I lines in many districts account* for n
lower figure representing unemployment,
I the hoard said.
From many sections." the board «*-
I sorted. "It Is reported that the chief dlf
f culty does not lie in systematic strikes
but in the indisposition of workers to
Increase production and to keep steadlh
at work Tlie reduced output an a result
of very short hours or the suspension of
work a given number of day* a week has
pi» red to be national problem. The dis
position of labor to pursue such a policy
;* ascribed by many, to high wage* and
the desire to employ the Increased pur
chasing power thus obtained in the pur.
chase of leisure rather than good* "
OEGEMERCORD
DIES moss
B> JOSEPH F. PRITCHARD
Chicago, lll.—The I'• »■« mix r future
pMKSed OUt «*f * Xll»tCtlv’e Wednesday with
lo«*e* of 21* to B*4 cent* tacked onto !t.
Soiling wmi lnrgel> In the way of llqulra*
turn b> eleventh* hour hulls* Tmdom who
took on th# IVcember future* sometime
ago in the belief that there vouUl bo
trouble In the tanka of the aborts be
fore th* > could own up were forced’ out
of their position* prbtbl> at los*e*
More deferred month* held tip better,
inane* In January being one to I s , rent.
In May S to 1 cent, and in Jul> S to ? *
rent
t'aah corn "** unchanged to one cent
huhvi with ► tU*» of bushel*
The adtanro In t all money rate* to f 8
per cent in New York and the uni ending
by lVf»cember tong* on the market hen*
trad* the feeling weak.* Sentiment
changed rapidly during the entire version,
the market* opening with the bull* buying
h**avll> in expectation that the *hort*
would ru*h to cover and m* send up th**
value* t'on Untied aelllftll to h*M'r*
however. changed the eeuttment.
Ost* were independently *tn»ng, gain*
of k to He being made for th** future*
while tin* ra*h wa* one cent higher.
«'a*h stile* amMintwi of tO&.OOO baeheN
The trad* wa* *o me Sr hat «tieatipo|nted
heeauae exporter# refoeed to follow the
market upward
Th * entire hog produc.* lift wa* lower
oh felling by t»ac|p r* and lack of bu>ing
liower \ continued good run of hogs *
looked foi and then i* i probabtl i that
i will aell lower and that |vr«»du.*.s
will *>mpathlae
COFFEE MARKET
New York.—spot i offer, in moderate de
mand Rio Ta, |l. Samoa t*
THE AUGUSTA HERALD
MORE COTTO\ WAREHOUSES ARE
TO BE BUILT IN THE SOUTH
Washington, D. C. —Am:.:: m nt; a **
j piaotiealfy complete for thfc forrn.clon *>l
i * gigantic corporation ‘o combine ai d*
'atu.nda.rdi/' * portion of ;h cotton
cotnpretKing md warehousing facilities of
the South and to establish new one* on
an unlimited scale throughout 'he cot- 1
•
taking was road* today by Kufus It. Wil
son. secr of ?bc National Association I
>f Cotton Manufacturer*. Mr. Wilson is
al*o permanent secretary of t.h«* World
Cotton Conference, which at its recent,
meeting in New Orleans, declar’d ade-j
quat warehousing to b» a “paramount'
necessity “ in handling and dNt ributing |
the American otton crop. Identified Wlthj
the tinderiakint arc n.atiy r-rominent'
Southern <r d Lantern cotton Hplnncr, 1
RESERVE BANKS
10 CHECK LOANS
FOR SPECULATION
By DAVID LAWRENCE.
(Copyright, 1919. for The Augusta
Herald.)
Washington, D. C.—Generally speaKing,
the public—which is largely responsible—
has not been acutely conscious of 'he deli
cate financing situation in which the na
tion has found itself in Ihe holiday »*a-
Hon. While the federal reserve board be
lieves the crlsi* has passed, it is. never
theless, determined to check speculatWe
activity and use Its powers and Influence
to cause the American people to econo
mise.
So many prrsons have thought that
because the federal reserve system was
constructed to bear the strain* that pre
viously had been placed upon our na
tJot.;<l banking system that any .burden '
whafynev *r could be imposed and the
structure would not sag. Rut the fed
eral reserve hoard has been compelled
for the nation's good to restrict the 1
amount of naotic) which member bank*
could borrow of the federal reserve 1 bank
and otherwise use Its powers to check
the extensive isHue of credit paper for:
Speculative purposes
Before the federal reserve act *vas pass- j
*d. a national bank could not borrow ;
more money than s capital'stock. This;
Inflexibilit \ was in one sense a good
tlnng. bit In many other cases an ob
atarieto business expansion. The federal
reserve system has permitted bank* to
borrow ns long as the ftinds were avail
able in the reserve banks. In some cases
member banks have borrowed ten and
fitee.n times their capital tiock.
Determined to Call Halt
Now the federal reserve board ha* call
e da halt It Is determined to prove
that th. federal reserve system,«not only
was designed to expand upon emergency,
but to act as a check and destraining
force, too.
There is no denying the fact that the
approach of Christmas, with its tremen
dous buying in the retail trade, caused
some business It will be remembered
that the armistice entne so suddenly that
th*' public generally wjw not prepared
either as purchasers or sellers to take
care of the Christmas trade a year ago.
All the pent-up desires of the Ameri
can people, however, resulting from the
war period of Involuntary economy were
!e* loose this year It was fh| 'irst great
after-the-war test. And th? federal re
serve system stood the strain
The western and southern banks are In
excellent condition, w'th piles of reserve*.
!>a)!a«. for instance, ha* 75 per cent re
serve As rapidly, however, as the re
tailers of the west and south, who sold
tremendous stocks of goods during the
holiday* begin to pay their eastern bal
ances. the How of money eastward will
begin. Money is fuiiv expected by the
federal reserve board to be easl r in the
month of January.
Rut that doe-n’t mean that the dis
couht ra*e will b» lowered or that ad
vance* to member banks will be resumed
in unlimited quantities It doe* mean
that the opportunity will be at hand to
take up the slack or tjie outstanding fed
eral reserve notes and other credits which
have been a drag oh the situation.
Edge Law to Aid
Much good is expected by the federal
reserve board to come from tin* operation
of the Edge aw, whicJi would permit ex
port organisations ti s he formed to fi
nance exports. The public generally may
not realise that the Fnlted States has a»
true balance tn Its favor of nearly d'kOOC.- j
000,000 and yet is shipping gold in un*
precedented bulk. This means simply:
that American exporters have been s:*ll- '
itig to Europe on credit, and that Am- 1
erica Is paying for her own imports in !
f:old in the hope of stabilizing the ex
change market.
Hut while that big trade balance con-
Unties. American concerns are drawing!
heavily on our own bank* for money to
pay overhead and other expenses. These j
inarm Are a serious drain. llow long ,
can they continue? Not much longer. ,
and Europe must get on her feet again
in order to begin paying her Mils tq Ain-f
erica. It would be a serious thing for 1
America if tin bottom dropped out of |
European affairs, and it became appar- i
nit that American* couldn’t hop* to get
their money for outstanding hills and that 1
production would have to be curtailed i
because of a stringency of credit.
Argument for Treaty.
The Edge nw* Is designed to suve the |
country to a *tal« extent from that par- .
lieu Ist situation. Senator Edge may not’
have intended to build up a public senti
ment for the peace treaty b> his proposal
u> distribute foreign securities to the Am- (
iicnn people, but a v ry practical argu-j
im nt for protection of American Invest- |
mem* in Europe 1* b mnd to arise a* soon
is the public begins bitving in largo l
quantities the investment* offered by the!
new export finance organisation.
If instead of a few large business and
banking concerns, the people generally |
ti :lri to a* quire t redit paper and securl-•
I ties that depond for their value on the j
maintenance of a political equilibirum. 1
their interest in Europe i* expected to in
crease ami pressure upon congress for
an early definition of America's partici
pation in world affairs will come to the
•urtace
There seems to he no question of the
lodgment of federal reserve officials that
America 1* weathering her flnaneial
storm very well, hut that she would he
imiin nsely relit ved If the treaty of peac *
were in operation and the moral protec
tion of orderly governmsYits in partner
ship with each other could b* thrown
tround the export and Import market
The nation hu* gotten through the
Christmas with its extraordinary demands
on the pockcU>i>ok in excellent fashion i
1 and the prophesy on every aid..* here Is,
i *ne 0f optimism, coupled w*ith the rx* :
mwdatlon thut the treaty of peace, when i
ratH.ed. will b« a stimulating factor to 1
credits and world business *
NARROW CHANGE IN
PRICE OF COTTON
N»w> York.—Tradln* m cotton «u un-
Interrain** W,i(nMcJ«y and chan«ea in
prior* wrrr narrow hut th, undrrtonr
of th>* market wap firmer. hotpad by
more o(dimloti.' view* ae to prorpreta for
tu•• |>« art* treaty and atrenatit In neciiri.
tie* Thr rt.irt was Irregular, May ,ho»-
Ink t decline of two point, white other
month* w.re tut. banned to 12 ixilnu high
er After reading twice from the Jil.rtO
level. January n.ovrd up To 3* Oi. a net
itahi of IT point,. ahth later month,
■ltbWed net advance, of about 15 to 31
point*
Speculative aeii.nc and liquidation were
abe n t In the afternoon and all offering,
wore taken well, but the market followed
a narrow rut. l.attt quotation, were eight
co 'w*m> point, net higher
Spot her.* wa, ,imd> with middling in.
changed at 13 15 there w.-re no sale,
Spot a; N*w Or can, wa, aleadjr with
prodim rs--. hrok i.*; ar.d banker?. Arrange-'
merit;- already hav b r: made, declares
Mr. Wilson, so. ac.ciuiring established
properties worth inilllone, including no
few* -. >mpreis plants,
Th*.* corporation now in proceas of for
marlon will be konwn a* the Union Ware
hou* and Compr. ss Company. The or
ganization ia being perfected by the Un
ion Cotton Wcrehoum Organization Cor
poration. which lias had experts survey
the whole field of warehousing and com
l»r* j*ing of octfon/arid uerk out plans of
development thai hav • been approved by
th« backern of the enterprise. Options
hav. b*-en taken on scores of compress*
and warehouses, ns well as sites for. new
ones In various localities of the South
where additional facilities are needed.
•
! middling unchanged at 40.00; the sales
i were 917 hales.
Receipt* of the principal ports Wod
; nesday were;
X •iV Origans 22.389
St. Lout* 6/0 10
Savannah 3.414
Norfolk 1,605
Mobile 1,589
Augusta 1,331 j
FUNERAL NOTICES .
OBLLEfUCH ENTERED INTO REST
at the residenc . iOL Turpin *trees,
1 January Ist, 1920. 8:15 a. in., in the
70th year of her age. MRS. ANNIE M.
r>. OELLKRICH. the devoted 'wife of
Mr. Christopher M. Oellerich, and moth
er of Messrs. Herman. John and Charles
Oellcrich, and Mr*. .1. H. Flynt. The
relatives and friends of the family are
respectfully invited to attend th • fu
neral at the Sr. Matthew’s Lutheran
church TOMORROW (Friday) AFTER
NOON at 3:30 o'clock. Interment in
the City cemetery'.
LEGAL NOTICES
STATE OF GEORGIA.
RICHMOND COUNTY—
To Henry Reed, Greeting:
Mr*. Annie Reed v*. Henry R.ed. in the
Superior Court of »aid County—LibeP for
Divorce—January T*rm. 1920.
To the Defendant. Henry Reed:
You are hereby required, in person or
by attorney, to be and appear at the Su
perior Court next to be holden in and for
the County aforesaid, on the third Mon
day in January. 1920. then and there to
answer the Plaintiff in an action of Libel
for Divorce, etc.
As in default of such appearance, said
Court will proceed thereon a* to justice
may appertain.
Witnes* the Honorable Henry C. Ham
mond. ‘Judge of said Court, this 9th day
of December, 1919.
GEO B. rOCRNELLE,
JOHN J. JONES, Deputy Clerk.
Attorney for Plaintiff. d10.16.J1.3
STATE OK GEORGIA.
RICHMOND COUNTY—
To Essie T,. Little, Greeting:
George R Little vs. Essie L. Little, in
the Superior Court of said County—Libel
for DfVorce.—January Term. 1920
To the Defendant, Essie L. Little:
You are hereby required, in person or
by attorney, to be and appear at the Su
perior Court next to be holden in and for
the County aforesaid, on the third Mon
day in January. 1920. then and there to
answer the Plaintiff in an actioiwof Libel
for Divorce, etc. *
As in default of such appearance, said
Ccnirt will proceed thereon as to justice
may appertain.
Witness the Honorable Henry' C. Ham
mond. Judge of said Court, this 9th day
of December. >919
GEO F, POT RNELLE.
T. L HAHN, Deputy Clerk.
Attorney for Plaintiff. d10.16.J1,3
STATE OF GEORGIA.
RICHMOND COUNTY—
To Lillie Nader. Greeting
Kalll Nader vs. Lillie Nader, in the Su
perior Court of said County—Libel for
Divorce—January Term. 1920
To the Defendant, Lillie Nader:
You are hereby required, in person or
by attorney, to be and appear at th.* Su
perior* Court next to b.' holden in and for
he County aforesaid, on the third Mon
day in January, 1920. then and there to
an«w»*r the Plaintiff in an action of Libel
for Divorce, etc.
As In default of such appearance, said
Court will proceed thereon a* to justice
may apperiaip
Witness thr Honorable Henry C. Ham
n»..r,<i Judge of said Court, this 13th day
W. INMAN CURRY, v DANIEL KERR.
Attorney for Plaintiff. Clerk.
d20,23j1.3
Investment Suggestions
FOR JANUARY.
We recommend the following securities for investment:
* Interest Price to
Maturity Payable Yield About
V S GOV'T FIRST L. L. SV»s 1947 June and Dee. 3.58 per cent
1\ S. (luV'T STVOND L. 1,. 4s 1913 Nov. and May 4.80 per cetft
I* v( (JOV’T TIIIRD li. 7,. IVi* *938 Mur. and Sept. 5.05 per cent
I'. S. GOVT FOI'HTH L. i. C.s 193 S Apr. and Oct. 4.91 per cent
f. S GOV’T FIRST L. L. CONY. 4s 1947 June and Dee. 4j40 per cent
r s GOV'T FIRST I. L COSY 4',s 1947 June and Dec. 1.<5 per cent
r s’ GOVT SKGOND D. U CUNY. 4'*4 1942 Nov. and May 1.88 per cent
F S GOVT VICTORY LOAN 4«. s 1923 June and Deo. 5.05 per cent
FKDKRAL LAND RANK , , A .
Farm loon Ronds 4*48 1937 May and Nov. 4..»0 per oen
a
CHATHAM COI’NTY * GKORGIA
1>... per c o nt Road Bonds Serially Oct. und Apr. 4.u per cent
CITY OF JIOSI'I* GKORGIA
Sewerage 5 per cctjt Serially Jan. .-ind July 4.50 pci cent
ANGLO ITtRNCH •
Fxtern t' Loon 5s 1950 Apr. and Oct. 10.u0 per cent
CENTRAL OF GEORGIA RAILWAY
Ten-Year <' percent Secured Gold Bonds 1929 June and Dec. 6.50 per cent
%
i KNTRAL OF GEORGIA RAILWAY
Consol. Mtrr. 5 )>or cent Bonds 19*5 May and Nov. 3.50 per cent
MICHIGAN RAILROAD
HM: .5 per cep’ Five Year Gold Bonds 1934 Mayand Nov. S.SS per cent
JACKSONVILLE PASSENGER TER Co.
Guaranteed Ist Mtg. s*. Gold Ronds 1987 Jan. und July ti.OtP per cent
MACON TERMINAL COMPANY
Guaranteed let Mt~. SG! Gold Ronds 1985 Jan. and July 5.03 per cent
CoI’THERN RAILWAY COMPANY
Three Year ••e, Secure*: Oo’d Note* 1922 Mar. and Sept. 7 per cent
SOFT HERN RAILWAY COMPANY
Dev. urd lien. Mtg 4L Bonds 19n« \pr. and Oct. 7 ’per cent
COLI MIA GAS AND El EC OQ
Ist Mortyuge 5 per cent Gold Bonds 1927 Jan. and July 7 per cent
C >RTEZ•CIGAR COMPANY
Ist p/d. 7 per . v Comulative Stock Jan. and July 693 per cent
Our Bond Department will furnish full particulars concerning any
securities which more detailed information is desired ami will be
pleased to submit additional offerings.
The Citizens & Southern Bank
BOND DEPARTMENT
W. T. LANE, JR., Assistant to Vice-Presidfht and Manager.
LEGAL NOTICES
.STATE OF GEORGIA.
P.b ’IIMOXD COCNTY—
To John .T. Loyd, Greeting;
Annie E. Boyd \s John J. Boyd i L#
| Superior Court of said County—L b for
j Divorce—January Term. 1920.
I To the Defendant. John J. Boyd:
You are hereby required, in person or
I by attorney, to be and appear a* the Su
perior Court next to be holden in and Dr*
| County aforesaid, on tlie third Mon- ;
day- in January. 1920, then and there* *o j
answer Hu Plaintiff «u an action of Libel i
for Divorce, etc. *
As in default of such appearance, said j
'ourt will proceed thereon as to justice!
may appertain. • \
Witness the Honorable Henry C. Ham- ;
r tond. Judge of raid Court, this 29th dav 1
iof I ecernb r. 1911*. DANIEL KERR.
d29,20j1.3 >f Clerk, j
STATK OK GEORGIA.
RICHMOND COUNTY-
T< K. A. Newmar., Greeting:
! Carrie Bessie Newman v£. E. A. New- \
man- in the Superior Court of said County ;
--Lißel for Divorce —January Term, 1920- j
: To t.he Defendant, E. A. Newman:
You ar. hereby required, in person or I
bv attorney, to be and appear at the Su- ]
nerior Court next to b* holden in and for |
•hr f#unty aforesaid, on the third Mon-,
duy in January, J 920. than and there to *
answer the Plaintiff ,n an action of Libel |
for Divorce, etc.
As in dcfaulr of such appearance, said j
Court, w ill proceed tlureon as to justice ■
may appertain.
Witness 'he Honorable Henry C. Ham - I
rnond. Judge of said Court, this Ist day of |
i December. 1919.
GEO. B. POURN EL LB, I
T. L. HAHN, Deputy Clerk.!
Attorney for Plaintiff. d2.9,J1,3
[state OF GEORGIA.
RICHMOND COUNTY—
To Katie Lou Hall, Greeting:
A. J. Hall vs. Katie Lou Hail, in the Su
perior Court of said County—Libel for
Divorce—January Term. 1920.
To Ihe Defendant. Katiw Lou Hall:
You are hereby required, in person or
by attorney, to be and appear at the Su
perior Court next to be holden in and for
the County aloresaid. on the third Mon
day in January, !92«\ then and there to
answer the Plaintiff in an action of Libel
for Divorce, etc
As in default of such appearance, said
Court wiw proceed thereon as to justice
may appertain.
Witness the Honorable Henry C. Ham
mond. Judge of KP.id Court, this 16th day
of December. 1919.
JNO. T. JONES. DANIEL KERR,
Attorney for PJiintiff. Clerk.
d16,17,j1.$
STATJS OF GEORGIA.
RICHMOND COUNTY —
To John Tucker, Greeting:
Ina L. Tucker v*. John Tucker, in the
Superior Court of said County—Libel for
Divorce —January* Term. 1926.
To the # Defendant. John Tucker:
You are hereby required, in person or by
attorney, to be and apear at the Superior
Court next to be holden in and for the
County aforesaid, on the third Mondas* in
January, 1920. then and there to answer
the Plaintiff in an action of Libel for Di
vorce. etc.
As in default of such appearance, said
< 'ourt will proceed thereon as to justice
may appertain.
Witness the Honorable Henry C. Ham
mond. Judge of said Court, this 16th day
of December, 1919.
DANIEL KERR.
T. F HARRISON, Clerk.
Attorney for Plaintiff. d1T.20,j1,3
STATE OF GEORGIA.
RICHMOND COT"NTY—
To '’herma.i P. Starne*, Greeting:
Mrs. M. Starnes vs. Sherman P.
Starnes, in the Superior Court of said
(’ounty—Libel for Divorce —January Term
—1920.
To the Defendant, Sherman P. Starnes:
You aYe hereby required, in person or
by attorney, to be and appear at the Su
perior Court next to be holden in and for
the County aforesaid, on the third Mon
day in January, 1920, then and there to
answer the Plaintiff in an action of Libel
for Divorce, etc.
As in default of such appearance, said
Court wil: proceed tticreon as to justice
may appertain.
Witness th« Honorable Henry C. Ham
mond, Judge of said Court, this 13th day
of December. 1919.
W. INMAN CURRY. DANIEL KERR.
Attorney for Plaintiff. Clerk.
d?0.23j1.3.
THE THIRD ESTATE.
Schreecham —“He was a wise poet who
remarked that in this world a man must
be either anvil or hammer."
Peacham —"Oh. I don’t know! I' seems
that most of them arc merely bellows."—
Edinburg Scotsman
Germany is now the land of the easy
mark. —Greenville (S. C.) Piedmont.
fHURSDAY, JANUARY I
LEGAL NOTICES
STATE OF GEORGIA.
RICHMOND COUNTY -
To Mac I. Ward, Greeting:
C. 11. Ward vs. Mae L. Ward, ir, th“
Superior Court of said Uouniy—Label for
Divorce —January T»»w, 19“ a.
To the Defendant. Mae L. Ward:
You are hereby required, in person or
by attorney, to be and appear at the Su
perior Court next to be holden in and for
sh Countv aforesaid, on the third Mon 4 -
,’av in January. '920. then and there to
artwrr the Plaintiff in an action of Dlbel
for Divorce, ete.
As in default of such appearance, said
Court will proceed thereon as to justice
may appertain.
Witness the Honorable Henry C Ham
mond. Judre of said Ccur . this 13th day
of December. 1919.
II A. WOODWARD. DANIEL KI4F.R,
Attorney for Piair.tiff. Clerk.
d16.23,j1,:
STATE OF GEORGIA.
RICHMOND COUNTY—
To Ada Carter. Greeting:
E. W. Carter vs. Ada Carter, in the >u
nerioik Court of said County—Libel for
Divorce—January Term. 1920.
To the Defendant, Ada Carte::
You are hereby required, in person or
by attorney, to be and appear at the Su
perior Court next to be holden in and for
th’ County aforesaid, on the Miird Mon
day in January. 1920. then and there to
answer the Plaintiff in an action of Libel
for Divorce, etc.
As in default of such appearance, said
Court vill proceed thereon as to justice
may appertain.
Witness the Honorable Henry C Ham
mond. Judge of said Court, this lath day
of December. T 919.
11. A. WOODWARD. DANIEL KERR,
Attorney for Plaintiff. Clerk.
d 19.22 ,jl.u
STATE OF GEORGIA.
RICHMOND COUNTY—
To James R. Strickland, Greeting:
Emma Strickland vs. James R. Strick
land. in the Superior Court of said Coun
tv—Libel for Divorce—January Term,—
1920.
To the Defendant, James R. Strickland:
You are hereby required, in person or
by attorney, to be and appear at the Su
perior Court next so be holden in and for
the County aforesaid, on the third Mon
day in January, 1920. then and there to
answer the Plaintiff in an action of Libel
for Divorce, etc.
As in default of such appearance, said
Court, will proceed thereon as to justice
may appertain.
Witness the Honorable Henry C Ham
mond. Judge of said Court, this loth day
of December. 1919.
H. A. WOODWARD. DANIEL KERR.
Attorney for Plaintiff. Clerk.
d16,23,jt,3
STATE OF GEORGIA.
RICHMOND COUNTY
To Joseph M. Knowles. Greeting:
Effie G. Knowles vs. Joseph M. Knowles
in the Superior Court of said County-
Libel for Ilivorce^-January Term. 1920.
To the Defendant, Joseph M. Knowles:
Tou arc hereby required, in person or
by attorney, to be and appear at the Su
perior Court next to be holden in and for
the County aforesaid, on the third Mon
day in January. 1920. then and there so
answer the Plaintiff in an action of Libel
for Divorce, etc.
As in default of such appearance, said
Court will proceed thereon as to jußtic#
may appertain.
Witness the Honorable Henry C. Ham
mond, Judge of said Court, this 4th day
of December. 1919.
GEO B.- POURNELLE.
A R. WILLIAMSON, Deputy Clerk.
Attorney for Plaintiff. d5,6,j1,2
STATE OF GEORGIA.
RICHMOND COUNTT—
To Mary-H. Pierce, Greeting:
J. M. Pierce vs. Mary H. Pierce, in ths
Supei ior Court of said County—Libel for
Divore January Term, 1920.
To the Defendant, Mary H Pierc-':
You are hereby required, in person or
by attorney, to be and appear at the Su
perior Court next to be holden in and for
the County aforesaid, on the third Mon
day in January. 1920. then and there to
answer the Plaintiff in an action of Libel
for Divorce, etc.
As in default of such appearance, said
Court will proceed thereon as to justice
Court will proceed thereon as to justice
may appertain.
Witness the Honorable Henry C Ham
mond. Judge of said Court, this 15tU day
of December. 1919.
H. A WOODWARD. DANIEL KERR.
Attorney for Plaintiff. Clerk.
d16.25.j1,S ~
SOMETIMES BETTER.
Bobby, just home from Ills first visit
to the country, was telling the folks of its
wonders. "And say. mi," he said, "out
on the farm they get mtik from cows,
and it's just as good as any. —Boston
Transcript.