Newspaper Page Text
SUNDAY, SEPTEMBER 28
COTTON AND
GRAIN.
THE WEATHER
_____ •
WASHINGTON, D. C.—Forecast:
Georgia: Showers Sunday, warmer
in north portion: Monday, clearing
and cooler, moderate east winds.
South Carolina: Unsettled and
warmer Sunday, probably showers;
Monday, showers, coolepeln west por
tion, moderate to fresh east winds.
AUGUSTA COTTON
Spots 24.50
Friday .... 25.00
Last Year. . 28.00
PRICES BY GRADE
Clone.
Middling fair 26.50
Strict good middling 25 %
Good middling 25.00
Strict middling 24 88
Middling 24.50
Strict low middling 2.160
Low middling 22.50
Strict good ordinary 21.75
Good ordinary 20.76
NEW YORK COTTON
NKW YORK —The cotton market
Saturday wa* eatri nuly narvVtsa and
Irregular following Friday*' big ad
vance*. After aclling off to 24.62 In
the early trading December advanced
to 25.12, a new high record for the <
movement, but later broke to 24.45
and closed at 24.50, the general mar
ket cloning weak at a net decline of
34 to 42 point*.
The market opened steady, un
changed to a decline of 10 polntn.
Wonknen* developed under nouthern
hedge (selling, week-end realising and
celling on IheTxpeetatlon of reaction*
after Friday'* rapid advance. A great
many contract*, however, were taken
out of the market on the decline to
25.50 for October and 24.60 for Jan
uary or about 20 to 25 point* below
Friday’* cloning quotation*, and when
early aeller* attempted to cover on
reporta of continued rain* and pre
diction* for ivttll colder weather in the
eouthweat contract* appeared to be
comparatively scarce.
October aold up to 26 98 and Jan
uary to 25.16. making net advance* of
22 to 29 point*. The official weather
belt forecast wa* for front in north
west Arkansas. Oklahoma, and Texas,
but the new high prlre* bttrarted a
renewal of heavy realizing and the
late market was unsettled by the
relatively easy ruling of October, nc
rompanled by rumor* of selling
iigainst Intended shipments here for
delivery *nd of realizing by some of
the larger holders of contract*.
October ibroke to 25.20 and January
to 24 50, making net declines of about
no to SS point* <>n the ictitfl position!.
The opinion Among nrnit local traders
appeared to be that it wa* too early
In the session for any killing tem
peratures In the south, but It wremed
that the day’s weather news ns a
whole had tended to strengthen ex
pectations of a further reduction In
itti of tbs crop Cotton on ship
board nwa’ting clearance was esti
mated at 11)3.000 bales against 127,000
ln*t year,
NEW YORKvRPOTS
NEW YORK.—Cotton spot, quiet;
middling. 25.70.
NEW ORLEANS COTTON
NEW ORLEANS. —The cotton mar
ket wa* very active Saturday and
prices fluctusted within a wide range.
October reached 26 00 at the start for
the first time on the present upward
movement but closed at 24 41, the low
price of the day. showing a spread of
69 points, December, the most active
month, after advancing to 25 06 de
«line d to 24.89 The net decline* for
the day on other month* were 31 to
35 points.
At the start the mnrket wa* 24
point* lip owing to favorable Liver
pool cable* but prices soon eased off
on week-end realizing, losing 60 to 66
points. When the weather map was
posted showing more rains in the
eastern belt, general cloudiness in the
belt as a whole and light to heavy
friHit in the fsr northwest, the mar
ket rallied and the advance was ac
celerated by a forecast predicting un
settled weather In the belt over Sun
ds\ and froat in the northern part of
the western belt Thl* bulge car
ried price* up 64 to 61 points from the
111 til#* last few min -
me* of trading the market broke
badly on heavy lb mi-da t lon by longs
and active short selling and new low*
for the day war* established right at
the close. December trading at 24 39.
Heginnlng Monday the New Or
leans market will open at 9 a m , and
close at 2 p. m.
NEW ORLEANS SPOTS.
NEW ORLEANS, La.—Spot cotton
Steady. 50 points down Sales on the
snot 702 to arrive 1.616 Middling,
23 60* middling, 24 50; good middling,
COTTON MOVEMENT
Port Movement.
New Orleans: Middling 24 66; re
ceipts. 5.059; exports, $00; sales, 2,*
216; stock, 105.457.
Galveston Middling, 24 60; receipt*,
21.931: sale*. 1 S2O; stock. 353.569
Mobile: Middling. 24 00; receipts,
1 120; exports, 60(1; sales, 3.68; stock,
11.999.
Savannah; Middling 24 25: receipts,
4,562; sales, 865; stock, 74.644
Charleston: Middling. 24 00; receipt*,
1.200; stock, 23,255.
Wilmington Mlddl'ng, 24 28; re
ceipts. 363; stock, 2.247
Norfolk Middling. 24 60; receipt*,
625; export*. 100; stork 16,101.
Baltimore: Stock. 1.052
Boston: Middling. 20.10; stock, 1.-
too
Philadelphia: Middling. 25 76; stock,
2.217.
New York: Middling. 25.70; stock.
62 689
Minor ports- Receipts, 1,000; ex
ports. 1.000; stock. 1.294
Houston. Receipts, 2,05?; export*.
Total today: Receipt*. 41.210; ex
ports, 4.550; sales. 6.353; stock, 947,-
124
Total for week Receipts. 41,210;
exports. 4.650.
Tidal for season Receipt*, 1 228.-
604; exports, 747,710.
Interior Movement
Houston Middling 24 35; receipt*.
30.310; shipments. 18.723; sales, 14.-
328: stock. 283 207.
Memphis: Middling 24 06: receipts.
2.514; shipment*, 1,720, sales, 1.600;
stock, 27,171.
Augusta- Middling. 24.60; receipts,
1.467: shipments. 866, sales. 694; stock,
**6 617
St. Louis* Middling 24 ap; receipts,
906; shipments 906: stock. 1.632.
Atlanta Middling. 24 00.
Little Rock Middling 24 00; re
ceints. 936; shipments. 1,364, sales.
7.119: stock 13.566
Dallas: Middling, 23 60; sales. 14 -
619
Montgomery: Middling, 23 50; sales,
twenty-two.
Total todsv Receipts. 36 133; ship
ments, 23.577, sales, 38.379, stock,
351,013
LIVERPOOL MARKET
UVERPOOL#—Spot cotton, quiet:
prices rteadv
Strictly good middling if ot
ddllnc
Strictly middling 15 32
Middling 14 M
Strictly low middling 14 63
l/ow middling 14 11
Strictly good ordinary...... 13 7.1
Good ordinary 13 13
Hale* 5.000 bales including 1,300
American. No receipts
Future* eluded very steady-
September 14 68
October 14 18
December 14 23
January 14
March 14 26
Msv 14 27
Jpiy 14 09
=Financial and Commercial News=
Strength of Cotton Is
Largely Based on Crop
and Weather Conditions
(By W. A. LUFBURROW)
(Market Editor)
ALTHOUGH the cotton market
furnished many kensatlons dur
ing the past week and It ad
vanced nt Augusta to 25 cents
for spots interest and activity
of the bulls declined .Saturday and on
the close of the market spot cotton at
Augusta was quoted at 24.50. It would
seem that most of the shorts are very
well covered and the opinion being
that the market will react, there was
not so much willingness to trade.
Other than weather conditions and
reported crop deterioration there was
not much to the bull Hide of the mar
ket. Demand for the staple was very
limited and unless this pick* up the
market will, In nil probability, decline
ns rapidly as It advanced. If there
are any further short interests In the
market worth while speaking of. fur
ther unfavorable weather condition*
will keep the bears on the Jump suf
ficiently to prevent any great break,
and probably will be of such assist
ance to the bulls that further ad
vances will bo witnessed.
It Is time for the law of supply
and demand to make a feeble effort
to function, but ns yet there are no
signs of such. Though the mill sit
uation may not be viewed by one
who Is optimistic as blue, it cannot
be said that it is satisfactory. As
business conditions in the United
States advance the domestic mill in
terest WIU doubtless be encouraged.
Certainly something definite should
be known from this angle by the mid
dle of October.
Over the cotton mnrket and *ll
others bangs the blue clouds of the
European situation. Though the sli
ver lining might be the gradual bet
terment of tilings. The business con
dition in Europe since the war has
fluctuated violently and ns a whole
has had the entire world guessing
what was to happen next. If the
spinning industries get Into a posi
tion where they enn buy American
staple, the mnrket. will, of course, re.
spend 4T« adll.v. What condition this
phase of the European muddle will
be able to get into. In the way of do
ing btWIAMi Hum fan and winter is a
question that no oneean answer, and
to guess whiU It will be is taking a
great chance.
Discussing the cotton situation from
many angles the Guaranty Trust Co.,
of New York says:
“One of the nfost encouraging of
recent business developments Is the
Improvement in the outlook for the
cotton textile industry. For more than
a year the manufacturers of cotton
goods have been facing an excep
tionally severe depression, the effects
of which have been felt in many other
branches of industry and trade.
"Among the obstacles to the even
and continuous revival of business
■ Ini • lift m 1 Nh n the lack of bill
nnce between economic groups, due
to the fact that certain basic Indus
tries have been seriously embarrass
ed by special conditions which have
prevented them from swinging Into
line In any general upward move
ment. A conspicuous example is the
cotton textile Industry. In which the
factor of primary Importance ha* been
a succession of short crops, with
steadily diminishing stocks and rising
prices for the raw material. This 1s
the <xa cl reverse of the situation
w blch has been causing trouble In
several agricultural lines, and Its
principal reaction has been upon the
manufacturing rather than upon the
agricultural branch or the Industry.
"If the economic position of the cot
ton farmer had been similar to that
of the Wheat grower or ranchman,
the short crops would have caused n
depression in the cotton belt. Just ns
low wheat prices caused a depression
In the wheat belt. Dotton, like wheat,
is a world cron, and the price Is n
world price But the cotton farmer
Is in a peculiarly advantageous posi
tion, due to the fact that American
cotton constitutes so large a propor
tion of the world's supply that It vir
tually dominates the market For
years the American crop has
Invariably represented more than half
of the world's production. Tho rela
tive price, therefore, tends to move
Inversely with the sire of the do
mestic out pm. short crops bein'* off
set by high prices.
"The series of low yields of cotton
in this country In recent years is duo
In the main to the increasing destruc
tiveness of the boll weevil. This in
sect, which has been called the •bil
lion-dollar bug,* entered this country
from Mexico In 1892. and has not only
resisted all the efforts which have
been made to exterminate it, but has
increased In both number and de
etrurtlveneas /to such a point as to
alter radically tho conditions sur
rounding the growing of cotton In the
Lotted States. Although Its appear
mice wa. f0110w.,1 In IK9S bv the low
cat *cre yield In 13 year., it ua. not
until much Inter that the full extent
u. It. potentiality <|#.trurtltin be
emm> npparrnt. In ISM tho peak of
aero yield wna renehed at ftO.C
pound*, *nd a. late a. 1914 tho nver
i»K« wa* 209 2 pound*. » figure which
ha, been Mirpas.ed only nine The
follow lint year, however, witnessed
the ließinnlnK of * aeries of low yield,
which has been broken only once
i!'®* date. In the last ten years
the g<*>d crop has become the excep
tion rather than the rule.
"The average yield per acre for
the five Years 1910-14 was 192,1
pounds, while that for 1919-23 was
only 147 3 pounds. On the basis of
calculations made by the Department
"I T * cu,turr . it appear* that during
the five years ended in 1922 nearly
# .1* 1,10 b ercrnt »K* reduction from
full yields per acre was caused by the
boll wvevll. Amt In each of the years
I®*®. and 1922 the dnmage from
the weevil was greater than that from
all other factors combined.
"The ern ts of th.se conditions on
the cotton industry have been pro
found Tke average relative price
has been rNing steadily since '1920
while stock* have regularly dimin
ished year by year Talk of a ‘cotton
famine’ has been heard with increas
ing frequency, and it appear* that
another short crop this >ear would
have been virtually sufficient to bring
about such a situation.
♦‘Combined with tbs decreasing
stoc** and rising prices of the raw
materia! has been a radical change in
the having policy of distributors of
cotton goods. 'Hand-to*month* buy
ing has become the almost invariable
j rule. Although the same tendency
has been apparent In many other
I lines, it has not generally gone to
I such lengths, or entailed such serious
I difficulties, as in cotton textiles Its
effect has been to shift to the manu
facturers the burden of carrying and
financing the stocks which would
ordinarily have been held by whole
sale and retail distributors—a burden
which the manufacturer* were not In
a position to assnnte. The efforts of
producers to relieve themselves of
these excessive Inventories have pre
vented the prices of finished roods
from coming lt\j£ alignment with the
price of raw cotton This price weak
ness hn« in turn served to Intensify
the cautious attitude of wholesale and
retail dealcss
"Price disparity dearly represent*
an anomalous situation, which can
not continue indefinitely. It has In
fact, already set In motion the force*
which would ultimately bring about
Its correction Cotton manufacturing
has become, for many concerns, un
profitable end the activity of textile
mills ha* declined. The domestic con
sumut on of raw* cotton decreased
steadily from February to July, reach
lc«* the lowest point since December,
1920 During tbs .vsar ended July
31, tho total consumption was only
6,669,000 bales, as compared w'ith 6,-
665,000 bale* In the preceding year;
and in the Just six months of that
period the total was only 2,582,000
bales, as against 3,087,000 In the first
six months. In course of time the
reduced supply of fabrics and the lack
of demand for raw cotton resulting
from curtailed activity would neces
sarily bring the prices of the two
commodities Into a more natural r<|-
latlonshlp. 1
"Obviously, however, this readjust
ment could be effected only at the
cost of diminished production (and
therefore diminished consumption),
great flnanclalloss, and disaster to
some
•such a process may be made unnec
essary by the harvesting of a large
cotton crop this year. Although the
trade has been reluctant throughout
the season to'accept the more opti
mistic reports, it is now generally
agreed that the Top has come
through in better condition than at
first seemed possible.
"In the early part of the season the
prospect* were regarded‘as far from
cheerful. Although it was known
that the area planted to cotton, esti
mated nt 40,403,000 acres, was much
larger than ever before, the impres
*ir»n was general that a very low acr«
yield w'as inevitable. Cold weather and
excessive rainfall in the spring had
caused late planting ,nnd In many
rases replanting was necibcsnry. Since
the advent of the boll weevil an early
start has come to be regarded as
doubly important, since the weavil
usually accomplishes its greatest de
struction late In the growing season,
and enn be combated mo*e success
fully if the bolls havo become tough
and resistant by that time.
"Contrary to general expectations,
the weevil has been less prevalent
this summer than for many seasons
past. Climatic conditions also have
been unusually favorable. Although
rainfall in the Carolina* has been
heavy, most of tki i»< it ha* pi
by high temperature* and dry weath
er, and threatened droughts have been
opportunely checked. As a result,
tho latest official estimate places tho
average yield per acre at 149 2 pounds,
much the largest since 1920. and
slightly above the average for the last
five years.
"The period of possible serious dam
age to the growing crop has virtually
passed, and the latest official report,
hawed on condition September 16th,
forecasts a harvest of 12,596,000 bales.
Most private estimates are consider
ably above that figure. It is fairly
certain that this year’s crop will be
easily tho largest since 1920, and
larger than anv other since the rec
ord crop of 1914.
"The price of raw cotton. In re
sponse to continued good crop re
ports, has declined this month to new
low points for tho year. Cotton goods
prices have shown some weakness In
sympathy with the lower quotations
for the raw material, but the decline
has been much less pronounced than
that of raw cotton. The net result I
lias been a material Improvement in
the price situation, with a prospect
for further improvement if present
estimates of yield prove to be sub
stantially correct.
"A measure of relief has already
been experienced by manufacturers
as a result of more active buying and
of the improved price situation. The
consumption of raw cotton last month
was slightly greater than in July, and
the activity of spindles also showed a
small increase. Some southern mills
have recently resumed full-time
rations after having been on
schedules during tho spring and sum
mer. and a few are reported to be
using night shifts. A more general
revival may be expected If present
crop prospect* are realized, with
prices of the raw material in harmony
with production figures.
“It Is doubtful, however, whether
thf new crop \MII make possible any
material increase in the world’s car
ry-over of cotton It will provide
immediate relief from a dangerous
situation. But a series of harvests
equal to this year’s output would be
no more than sufficient to supply re
quirements and to Increase storks to
a point of comparative safety."
The following flotations from New
Orleans and New Turk were posted
°n the Augusta Cotton Exchange
Saturday:
NEW YORK.
Prev
Onen High Low Close rinse
Jan... 24 97 25.16 24 50 24.50 24 90
Mar... 25.10 25 35 24 75 24 75 25.11
May.... 25 62 24 95 25 00 25 9?
Oct... 25 70 25.98 26.20 25 40 25 75
Dec... 24.80 24 13 24 45 24 50 24 SI
NEW ORLEANS.
Prev..
Open High Low Close rinse
Jan... 24 86 2.'» 04 24 43 **4 42 24 76
Mar... 24 9‘» 25 20 24 59 24 59 24 9ft |
May... 25 12 25 17 24 68 24 68 25 03,
0ct.,,. 25 00 25 00 24 41 24 41 24 76
Dec... 24 89 25.06 24 39 21 39 24 71
COTTONSEED OIL
NEW YORK Cottonseed oil wax
active nml higher Saturday. General
short covering and buying by the
wuth, prompted by advancing crude,
unfavorable weather nl«> and the
strength In grain, caused the ad
vance ('losing bids Were off slight
ly from the best representing net
gains of it) to S 2 points.
Sales 21.300 barrels
Tenders, 300 barrels.
I‘rime crude. 8.55 sales
I'rime summer yellow., 10 20G10.30
October io 31 ,
November 10.K*
I'eccmber 10,19
January 10 20
February 10.40
March ]0 4 ,
April 104,-,
May i0.f.5
DAIRY MARKET '
CHICAGO CUTTER, EGO AND
POULTRY RECEIPTS.
CHICAGO, 111—Butter, unrhangid.
>'CE*. higher, ordinary firsts. 32y
-I’oultry alive, lower; fowl*. 16022 c
■'Prints, 21'jc, rooster*. 14*,c.
NKW YORK Butter, firm: cream
ery higher than extras. 39'., 4i 3S\c;
creamery firsts. >2 score. 17\c.
Kkks. Irregular; 'fresh gathered
firsts, 39 a (4c; Pacific twist whites,
firsts to extra firsts. 500*6c.
Cheese. Irregular.
I.lve poultry, unchanged: chlrVens.
express. 234127 c; dressed poultry,
wc»k, prices uttchnngrd.
NAVAL STORES
SAVANNAH NAVAL STORES.
I SAVANNAH. G*.—Turpentine firm,
I SJc. Kales 213: receipts, 449; »hlp.
ments. 17: stock, 13.910,
lb'sln. firm; ssles. 1.509; receipt*,
2,016; shipments. 14. stock, 109.700
viuet. B r» K V O 1C 1 So 25A*: K
M, *5 Si; N 13(0; window glass, J 6 2S;
water white, X. *6 90
JACKSONVILLE NAVAL STORES
JACKSONVILLE. Kl* - -Turpentine,
firm. 81L»<t*l%o; sales, 204: receipts,
327: shipments, 9: storks. 27,000.
Knsln. firm: sale* 1.1*1: receipts,
1.435: shipments. 1.2*0: stocks 124*4?
(Joule It to I S 3 324, K >1 $;. 2.V N
IS4oft!>4s: window glass 4*25; watir
white, 96 90ff 6.94; X. 9*95.
THE AUGUSTA HERALD. AUGUSTA, GA.
N. Y. STOCK MARKET
Twenty Twenty
IndusA-lals. railroad*.
Saturday .......•...102,95 91.65
Friday .102.98 91.50
Week ago 102.43 90.38
High. 1924 104.13 93.15
Low. 1924 90.27 81.00
Total aale*, 456,000.
NKW YORK. —Pronounced strength
of tho motor* and public utilities and
the uniformly strong tone of the rails
were the chief development* in Sat
urday’* brief but active session of the
stock market. United State* Steel
■ crossed 109 for a net gain of % but
many of the other standard indus
trial* showed a tendency to heavi
ness.
Nash Motor was the individual fea
ture, soaring II point* to 161, the
highest price since the distribution Of
a stock dividend two years ago. Other
motors improved in sympathy, Pack
ard touching a new high at 14 and
Studebaker. Maxwell B and Spicer
Manufacturing duplicating their pre
vious 1924 peak prices. Reports of
increased car sales formed the basis
for the buying of these shares.
Public utilities continued to respond
to reports of high earnings and
rumors of Increased dividends, La
ded • Gas. Pacific Gas and Electric,
Standard Gas arid Electric and Pub
lic Service of New Jersey breaking
through their previous top level*.
St. Louis-Southwestern Railroad Is
sues continued to discount the expect
ed declaration of a dividend on the
preferred stock at next week’s meet
ing of tho board of directors, the
common touching 31 and the preferred
66%. Atchison* led the advance in
high priced carriers, moving up more
than two points to 107%. Southern Pa
cific, Lackawanna, New York Central
and several others improved frac
tionally.
United States Cast Iron Pipe was
hid up nearly four points to a new
top at 115 on urgent short covering,
casing later to 113%. Good buying
also was noted in Commercial Sol
vent* "B," Dupont, iron Product*,
Remington Typewriter, and Norfolk
and Southern, all tip two points or
more. American Tobacco, American
Sugar, United Fruit, General Electric
and National Lead were among the
heavy spots.
Foreign exchanges eased slightly
in quiet spading. Demand sterling
ruled about half a cent lower around
84.4614 and French francs held rela
tively steady Just above 51,4 cents.
Other European rates showed only
nominal changes.
NEW YORK—Stocks, bonds and
commodity prices pointed upward this
w'eek although there were periods of
irregularity in all markets.
The stock market was featured by
a series of bullish demonstrations in
the public utilities, motor and food
shares and steady accumulation of
several of the southern and south
western rails. Standard industrials
showed a tendency to heaviness, but
this was believed In some quarters to
be a tctccn to cover buying else
where.
Bond prices approached within a
small margin of the year’s high levels
with strength of the foreign govern
ment liens and United HtSates gov
ernment securities among the fea
tures. The principal development in
the "outside” market was the drastic
break in German war loan bonds.
Cotton quotations improved in re
flection of the government’s reduced
crop estimate and adverse weather
reports. A bearish government esti
mate also resulted in a sharp run-up
in corn price* while wheat quotations
moved up in response to increased ex
port requirement* and the embargo
placed upon the exportation of Rus
sian wheat.
The principal European exchange
rates fluctuated Irregularly within
narrow limits.
NEW YORK STOCK LIST.
Close
Allied Chemical and Dye 741/,
American Can 129'*
American Car and Foundry 167
American Locomotive 80%
American Smelting and Refg.... 73%
American Sugar 46
American Tel and Tel 1271/.
American Tobacco 163%
American Woolen 56*,
Anaconda Copper 37%
Atchison 107%
Atlantic Coast Line 136%
Baldwin Locomotive .. 122%
Baltimore and Ohio 63
Bethlehem Steel 43%
California Petroleum 22
Canadian Pacific 14K%
Central Leather pfd 47%
Cerro de Pasco 46
chandler Motors \.... 36%
Chesapeake and Ohio 85%
Chi. Mil and St Paul pfd 21%
Chi. It I"and Pac. 34%
Chile Copper 32%
Coca-Cola 76%
Congolouin 45%
Consolidated Gas 74 5 ,
Consolidated Textile 3%
Continental Can 58%
Corn Products, new 35%
Coaden Oil 23%
Crucible Steel 56%
Cuba Cane Sugar pfd 64%
Cuban-American Sugar 32
Davison Chemical 49%
DuPont de Nemours 133%
Erie 27%
Famous Plavers-Lasky 831;
General Asphalt 42c;
General Electric 261%
General Motors 15%
Great Northern pfd 64%
Gulf States Steel 73%
Houston Oil 72%
Illinois Central llft%
lnt Mer Marine pfd 4<)%
Invincible Oil 13
Kelly-Springfield Tire 18%
Kennecott Copper 47 v.
Marland Oil 34%
Middle States Oil 1%
Missouri, Kan and Tex 16%
Missouri Pacific pfd 58
Now York Central 107%
N Y, N H and Hartford 25 14
Norfolk and Western 125%
Northern Pacific 65%
Pacific Oil 48
Pan-American Petroleum B 52%
Pennsylvania 44%
Phillips Petroleum 32
Pure Oil 22%
Reading 62V,
Republic Iron and Steel 46%
Reynolds Tobacco B 77
St. Louis Southwestern 43%
Seaboard Air Line 15%
Seaboard Air Line pfd 29
Sears-Roebuck 104 v
Sinclair Con 16%
Southern Pacific 95
Southern Hallway 7'U|
Southern Railwav pfd 76
Stndnrd OH of Cal 51%
Standard Oil of N J. 35 1 -,
Stewart Warner , 57%
Studebaker Corporation 42
Texas Comnnrtv 49
Texas and Pacific 27
Tobacco Products 67%
Transcontinental Oil u:
Union Pacific ... 141114
V S Cast Iron Pipe 113%
United States Rubber 35%
United States Steel 109tj
Wcstlnghouse Elect etc 63
WUlya-Overland pfd 68%
Hudson 2$
FOREIGN EXCHANGE
•
NKW YORK Foreign exchange*
steady. Quotations in cents
I Great Britain, demand 4 46%t ca-
Wcs. 4.46%; 60-day bills on bank*,
4 43%
France, demand 5.25%; cables. 5 26.
Italy, demand 4 30 t ables 4 39
Belgium, demand cables 4 84.
Germany, demand, per trillion. 23%.
Holland, demand 38.55.
NVrwoy. demand 14 > 3
Denmark, demand 17.21
Switzerland, demand 19 05.
Spain, demand
Greece, demand 1 77.
Poland, demand 19%.
Ozecho-Sb # tb :-\snd 2.9%.
Jugo-Slavakm. demand 13 9.
Rumania, demand M%
Argentina, demand 35.75.
Brazil, demand 10 50.
Tokin. demand 46%
Montreal, demand 1 06.
LIBERTY BONDS
NKW YORK.—V. S- Kovvrnmsnt
bond* cioatd ■
L'ln-rt v m* |liV' ?9
First ti. s inj.tit
Sr.'ond 6t,» lot 2J
Third 61,* In? T
Fourth 61.. 10J ?l
Tr».x*ury 6H* IOC S
NEW YORK BONDS
Sat'day. Friday.
Ten first grade rai15..89.75 89.82
Ten secondary rai15..88.62 88.60
Ten public utilities.. .21.27 91.30
Ten industrials 95.13 95.11
Combined astrage ....91.19 91.21
Combined month ag0.90.22
Year ago 80.07
Total sales, 6,870.000.
NEW YORK.—Trading in Satur
day'* brief session of the bond mar
ket ended with pri.es holding around
the highest levels of the week. Scat
tered profit-taking at the close re
duced earlier gains of several high
grade railroad and industrial issues,
but the general list displayed a firm
tone with greater activity in foreign
obligations, indications that the Ger
man loan would be put in shape for
offering at an early date brought a
revival of interest In virtually all
European issues. United Kingdom
of 1937 and Swiscs 5V4’», of 1937,
achieved new high prices for the year,
and a broadened inquiry embraced
Australian 7's, and Netherland C's,
.South American bonds, however,
yielded to the pressure of realising
sales.
Frisco Income 6's were among, the
most active of the railroad mort
gages, scoring a gain of more than a
point in anticipation of distribution
of dividends osi the preferred stock
next week. Heavy spots included
St. Paul and International Great
Northern Railroad liens, Wickwlre
Spencer Steel 7's and United States
Rubber 7'/j's. Wlllys-Overland 6'/i's,
one of the few motor company bonds,
touched par for the first time this
year in response* to the rise in motor
shares. United States government
bonds moved irregularly lower.
NEW BOND LIST.
FOREIGN.
Argentine 6s 94
Austrian Govt gtd loan 7s 95%
Horn of Canada ss, 1952 103 U
Dutch East Indies sis, 1962 9014
French Republic 7’,4s 103i*i
Japan 6's 92'i
Kingdom of Belgium 7</i8 11l
U K of G B and I G%s, 1937... .105%
U S of Brazil 8s 96%
DOMESTIC
Amor Agr Chem 7i4s 9694
Amer Smelting 5s 9494
American Sugr 6s 999,
Amer Tel and Tel deb s'/ 2 s 103
Anaconda Cop 6s, 1953 98
At T and San Fe gen 4s 8994
Balt and Ohio cv 4>/is 8994
Bethlehem Steel G'/Os 8894
Central Leather 5.5..4 10094
Chesa and Ohio cv 's 9894
Chi, Burl and Quincy ref 5s A.. 102
Chic Great Western 4s 59
Ch 1 , Mil and St Paul cv 4945.... 56
Chic and Northwest ref 5s 99
Chi. RIP ref 4s 8294
Chile Copper 6s 106*4
Cuba Cane Sug del) 8s stpd 9934
Dbnver and Rio Grande ref 55... 4614
DuPont de Nem 794 s 96*4
Erie gen lien 4s 64
Goodyear Tire 83, 1931 10614
Great Northern 7s A 16994
Inter and Gt Northern adj 65.. 60%
lnt Mer Marine s f 6s 8Y94
KellylSpringfield Tire 8s 99
Mo, Kan and Tex new adj 5s A.. 6494
Mo Paeific gen 4s 6294
N Y Central deb 6s 108
N Y r . N H and H francs 794 8594
Norf and Western cv 6s 125*4
Nor Paeific ref 6s B lost/
1 Penna It R gen 5s 104
Reading gen 4s 95
St I. anti San Fran Inc 6s 74
Seaboard Air Line con <6s 83-94
Sinclair Con Oil col 7s 90
Southern Pacific cv 4s 9794
Southern Railway gen 4s 75
Southern Railway 6s 103'4
Union Pacific Ist 4s 92%
U S Steel s f 5s 105
Ya-Caro Chemical 7s 6194
Virginia Railway 5s 96%
Willys-Overland 614 s 9894
STOCKS AND BONDS
STOCKS.
Bid Ask.
Augusta Factory 20 80
Augusta and Sav R. R 4 92 97
Bon Air Hotel Cor. c0m.,.. 62 67
Bon Air Hotel, pfd 62 67
Citizens * Sou. Bank 250 255
Enterprise Mfg. Co 87
Georgia 1!. R Bank Co 194 200
Granitevllle Mfg. Co 150
John P. King, pfd 104
John P. King, coni 10(1
National Exchange 8ank...106 110
Sibley Manufacturing C 0... 60 -
Southwestern Railway .... 95 99
Union Savings Bank 140 150
BONDS.
Bid Asked
Augusta Factory Ss, 1911....100 102
Bon Air Hotel 7s. 1942 101 103
City of Augusta (bnsisl 4.R0-,
Ga. R. R & Bkp. 4s. 1947.. 80
Ga. It. R. A- Rk. Co. 6s. 1951.108
Graniteville Co. 7s. 1942 99 101
Lnnglev Mills 7s, 1943 97 98
Sibley Mfg. Co.. 7s. 1942 98 100
State of Georgia (basis) ..4.2394
N. Y. BANK STATEMENT
NEW YORK —The actual condition
of It lea ring house banks and trust
couj+mnies for tho week show* a de
ficit in reserve of $19,587,030. This
is a decrease of $50,027,700 compared
with week.
. WALL STREET REVIEW
NEW Y’ORK.—Stock and bond
prices moved irregularly higher lit
this week's market with business on
an Increased scale. Easy money rates,
I favorable* trade news and the usual
crop of merger and dividend rumors
provided the ground work on which
the advance was based but intermit
tent profit-taking brought about
many periods of irregularity.
Specialties continued to record tho
largest gains although substantial
progress was made by a series of
bullish demonstrations in the public
utility, food, motor and low and medi
um priced rail shares. tUandard rails
and Industrial* moved, t&r the most
part, within narrow limits. This was
probably due to a disposition on the
part of some traders to await further
indications of the drift of political
sentiment. I
Cat-loadings for the week ending
September 13th. the latest for which
figures are available, exceeded the
million mark, were the largest for.any
corresponding week In history nnd
came within 35.000 of the record for
all time established in the fall of
last year.
Some irregularity took plac* In the
steel shares due to the confusion Inci
dental to the abolition of the "Pitts
burg plus" price plan but encourage
ment was derived from the fact that
itperaflcns of the United States Steel
C,<rporatlon had Increased from sixty
to slxt.v-flve per cent of capacity. Oil
stwks failed to derive much benefit
from an Increase In certain grades of
Uosccrans nnd Smackover crudes nnd
a further reduction In crude produc
tion Motors were helped by report*
of Increased car sales bv some of the
leading companies. Ruhbers and mo
tor accessories ndvanced In sympathy.
The spirited bidding for public utili
ties reflected higher earnings and
forthcoming amalgamation with local
gas shares nlded by reports of an
early termination of rate lltigntlon In
the preliminary' Proceedings of which
the companies have been successful.
Pools w.re more active but public
participation continued relatively
small In volume.
DRY GOODS
NEW YORK.—Cotton goods niar
k<ts .tided the week with signs of In
creasing demand and higher prices.
The American Woolen Company has
withdrawn many women's wear wool
ens lines from sale and several mills'
pr.slucts In men's wear woolens also
have been withdrawn. The easing
In raw s !k prices has done much to
encourage silk merchants In their
spring sales plans. Linen* were in
better demand for household uses.
Heavy knit goods lines continued to
j move better, especially knitted outer
wear and dress fabric*.
BAR SILVER.
NEW YORK Bar »ilver. 43%;
I Mexican dollars. 53 V
SOUTHERN COTTON MILL
STOCKS
Sou’hern cotton mill »u.cka m quoted by B 8
Oicksou and Company, of Caftonia, X. C., and
Greenville. 8. C.: Bid. Ask
Acme Spinning Company 99 101
Arcadia Mill* I'BJ 1‘93
American Spinninj Co 2d6
Am. Yarn and I’roc. Co 91 97
Am. Yarn and I’roc. Co. 87a pfd. 102 105
Andmon Cation Mill* 104 108
Arlington Cotton Mills 100 108
Aragun Cotton Mills (S. C.) 135 151
Arcade Cotton Mllia 80 *5
Arrow Mill* 93
Art Cloth Mill* 93 9S
IJclton Cotton Mills 6) 63
Itelton Cotton Mills, 7 7c. Pfd 90 93
Heaumont Manufacturing C 0....... 410 ——
Hibb Manufacturing Co 173
Hrogon Mills 112 114
C ara Mfg. Co 90 100
Clifton Manufacturing Co 135 140
Cabarrus Cotton Mills 160 176
Cabarrus Cotton illU*. 77c pfd... 10| ——
Chadwick-Hoskins Co. (par $25)... 18 20
Chadwick-Hoskins Co., 87a pfd.... 102 104
Chinee Mill* 130 137
China Grove Cotton Mills 103 107
Chluuola Manufacturing Co 250 265
Chlquola Mfg. Co., 6 7a, pfd. 93
Calhoun Mill* 120 125
Cannon Mfg. Co. (par $10) 11% 13^4
Clover Mill* 90
Climax Spinning Co. 120 131
Crescent Spinning Co 9J 101
Columbus Mfg. Co. (Ga.) 140 145
Converse. I». E. Co 117 12u
Cowpeiu Mills 75 81
Harlington Mfg. Company 89 92
Dixon Mills 99 103
Drsyton Mills 101
Duncan Mills 98 101
Dunetn Mills. 7 7a pfd 98 99
Durham Hosiery, pfd 49 55
Durham Hosiery B 9 12%
Easte.n Mfg. Co 71
Kagi® Yarn Mill* 80 85
Eagle and Phoenix (Ga.). 165 170
Kfird Manufacturing Co 109 116
Krwln Cotton Mills Co 144
Erwin Cotton Mills Co., 6 70 pfd... 102 ——-
Flint Manufacturing Co 136
Gaffney Mfg. Co 92 96
Gibson Manufapturlng Co 123 ——
Globe Yarn Mills (N. C.) 49 56
G*-sy Manufacturing Co ——- 109
Glenwood Cotton Mllia 125 135
Gluck Mills 129 135
OrafMkl Mill* 300 -
Grendel Mills, pfd 7 7a (par $50).. 46 48
11 amr ii k Mills 145 155
Hanes, P. H. Knitting Co B'* 9’4
Hanes. V. H. Knitting Co., 7& pfd 102 104
Henrietta. 7 7c Pfd. 98 100
Hunter Mfg. Com. Co., 77a pfd. .. 98 99^
Imperial Yarn Mills 125 130
Inman Mills 130
Diman Mills. 7 7c pfd 101
Jennings Cotton Mill 250 265
Judson Mills 160 163
Jtidson Mills. 7 7c pfd 103 104
Limestone Mills 145 150
Linford Mills 90
Lola Manufacturing Co 90
Lrcke Co'ton Mills Co 166
Laurens Cotton Mills 145 150
Majctlc Manufacturing Co. ......... 149 156
Man«field Mills 150 166
Marlboro C/tton Mills A 59 62
Mills Mill 285 300
Mills Mill. 77a pfd....* 98 101
Monarch Mills. (8. C.) 132 138
Mollohon Manufacturing Co 117 119
Moorcsvllle Cotton Mills 93 97
Tfusgrove Cotton Mills 81 86
Myers Mills 6o 68
Myrtle MUD M J 0 1)
National Yarn Mill 106 106
Newberry Cotton Mills Co —— 93
Norris Cotton Mills Co 63
Orr Cotton Mills H 2 114
Orr Cotton Mills, 7ft pfd 97 98%
Parkdale Mills M 100
Pscolet Mfg. Co 207 210
l’acolet Mfg Co., 7ft pftl 162 163
Piedmont Mfg. Co. (8. C.) ...... 129 133
Perfection Spinning Co 90 9a
Poe. F W.. Mfg. Co 125 130
Poinsett Mills M
Vrl cilia Spinning Co 42 47
Kanlo Manufacturing Co 11» “'
It Ivor side Mills (par $12.50) 9% 10%
ltiver side and Dan River 220 229
Riverside and Dan River 6ft pfd.. 101 103
Him an Cotton Mills Co 92 93
Roanoke Mills, in pfd. 7%ft 1°2%
Roanoke Mills, 2nd pfd. Bft 97 100
Rosemary, pfd. 7%ft 66 93
Hhyno-Jlou«rr Mfg. Co.. A 30 90
Saxon Ml'ls ’ 166 105
Seminole Cotton Mills Co 90 94
Spartan Mills JSO 155
Sterling Spinning Co D>6
Stowe Spinning Co 39 9-
Toxawa.v Mills (par $25) 32 35
Union Buffalo Mills 7a
Union-Buffalo Mills. Ist pfd 7ft.. 93% 9*i
Union Ruffa’o MUD. 2nd PM. sft 55 56%
Vfetor-Monaghann Co I ft s 106%
Victor-Monaghan Co., pfd. 7ft .... 109 111
Victory Yarn Mills Co 71
Victory. Bft pfd 99 160
Ware Shoals Mfg C 0...... 175 195
Watts Mills. Ist pfd. 7ft 99 102
Watts Mills. 2nd pf(i. 7ft 130 11-
Winget Yarn Mills Co 64 75
Wise asset t Mills Cd 191 225
Wintamston Mills 200 —-
Wood side Cotton Mills H 2 114
Woodslde Cotton Mi'-ls. 7 To pfd... 92 93%
Woodruff Cotton Mills 160 ISO
Accrued interest to be Added to preferred stock
quotations. ,
The stocks quoted represent prices at
which we have buyers, and p'ices at which we
can sell AH quotations subject to change with
out notice.
CHICAGO GRAIN MARKET
CHICAGO, Hi. —Immense export
business in wheat. together with
fear that the corn crop was In Immi
nent danger of big damage by frost,
whirled grain prices upward Satur
day, but lively profit-taking wiped
out the wheat gains. On the ad
vance all deliveries of wheat and of
rye outdid the season's previous top
price record. Wheat closed easy at
net decline to He rise, December
$1.38%@L38K and May *1.44@51.44H;
with corn )y?D4%c up; oats showing
tic to : Uc advance and provisions
unchanged to 17 cents higher.
WHEAT—
Open High Low Close
Sept .... 135 13i;% 134% 134%
Dec 138% 140% 135% 138%
May 144 145% 143% 144
CORN—
Sept ... 114%. 110% 114%
Dec 107 111 107 110%
May ... 109% 113% 109% 113%
OATS—
Sept 4Sy 49 45% 49
Dec 52% 53 52% 53%
May 56% 57Vi 56% 56%
LARD—
Sept ... 1390 1395 1390 1395
Oct ... 13S0 1385 1377 1355
Nov ... 13S0 1385 1380 1385
RIBS—
Sept ... 1190 1190
Oct 1190
Dec ... 1100
BELLIES—
Sept ... 1350
Oct ... 1355 1340 1335 1340
Nov ... 1345
CHICAGO CASH GRAIN
CHICAGO, 111—Wheat No. 8 red,
11.41%: No. 2 hard, *1.39.
| Corn No. 2 yellow. *1.12% 01. 13%.
Oats No. 2 white, 515? Vic; No. 3
white, 45%«f49%c.
Rye No. 3. *1.12%.
Barley, 831T92C.
Timothy *5.00476 75.
Clover *14.00023 25.
Lard *14.05. Ribs, *l2 25. Bellies,
*13.62.
St. Louis Cash Grain
ST. LOUlS.—Wheat No 2 red,
J! 470 1 4S; No. 3 red. *1.38® 1 43
Corn No. 2 white, SI.1401.15; No. 2
yellow. *1.13.
Oats No 2 white, 51%; No. 3 white,
49% ©soc.
PRODUCE MARKET
Flour—Hard wheat, 9S-lb. cot
ton sacks, bhi (7.78
Flour—riain, 98-lb. sks.. bbl.. 7.70
Flour—S. R.. sks.. bid 7.80
Flour—S R.. 48-lb. sk-, bbis... 7.15
Flour—Best plain, 98-lb. *ks,
barrel *.'.5
Flour—S. R„ 24-lb. aks.. bbl... 7.10
Hour—S. R„ 48-lb. sks.. bbis.. 6.55
Ruckwheat, 24-pkg. case 3 55
Grits, 24 2*. per case I.9i>
Grits, 1? Ss. per case 1.90
Grlta. fine and medium,' 96a
per sack 2 40
Meal. 965, per sack 2 50
Meal. 4Js, p;r sack 1.22%
Meal. 240. per sack 65
Klee—Fancy, No. 864 or 60. 113,
100-lb. sks., lb 06%
Rite, fancy. No. 68. lb 07%
Wesson Cooking OH. 24 Tints.. 8.75
Wesson Cooking OH. 12-qt. case 5 40
Wesson Oil. 6 1-cal. cans. case .9.50
Axle Grease, 10c slxe, 1-lb., 4
duten 1.75
SEEDS.
Amber Cane, 150-lb. aks., M-
State Bureau of Markets
Prices below are those which wholesalers are paying F. O. B. these
consuming centers. To arrive at prices net shippers, deduct freight to
most favorable point. . ~ .
Atl ta Aug ta Macon Sav nah Col bus
Sweet potatoes, Tel. bulk load- .... . „ ...» . „..
ing, 100 pounds * 3.00 * 3.25 $ 3.00 * -.50 * -.i5
Irish Potatoes, No. 1 new, per
per 150-pound sack 2.85 -.90 3.00 2.75 2.75
Per 150-lb. sack 1.70 1.7; 1.75 2-00 2.00
Black eye peas, pound 05% .05% .ou% .00% .00%
Brown eye peas, pound 04 —— —77 'Ji
Eggs, fresh candled, dozen 36 .36 . .-t
Stags, pound 23 .23 .22 .21 .21
Hens, pound 23 .24 .22 .25 -2-%
Roosters, pound .12 .11 .11 .11H »13
F pfun d and . br ? U . e . rß .'.. l .. to .. 2 .. lbS : .27-28 .27 .26 .32 .32-34
Ducks, pound 20 .15 .la -25 •
Geese, pound 10 .11 -10 -1- ft t
Turkey (bens), pound 25 * —“
Turkey (toms), pound 25 • —; — '
Country butter (best table), lb.. .35 .33 .36 .35 •»■>
Country butter (cooking), pound. .20 .21 .20 .25 .30
Ga. cane syrup (Bbl.), gal 75 .75 .:0 ..5 .i 5
Corn meal, per 69-lb. sack .... 2.'80 2.80 ?'?5
Corn, No. 2, (white) sacked, bu... 1.42% 1.45 1-68% l-6jj l-J® ,
Oats No. 2 (white) sacked, bu 67 .69 .67
Peavine hay, ton *2 .00 22.00 21.00 22.50 22.00
TAX RATE OF 12 MILLS FIXED BY
BOARD OF EDUCATION SATURDAY
(Continued from Page Five)
-Tit* budget of the Board of Education for 1924-1925 was an
nounced as follows:
Estimated Expenditures and Disbursements.
Estimated
Payments
1924-1925
Office Salaries $ 10,400.00 $ 10,400.00
Teachers’ Salaries:
High Schools
Tubman (Incl. Dom. Sc. & Secy.) $ 65,300.00
Richmond Academy (Incl., Secty.) 56,280.00
Hephzibah (Incl. Dom. Sc.) 9,620.00
Blythe (Incl. Dom. Sc.) 7,440.00 $138,740.00
Grammar Schools—City White '■
Houghton $ 19,895.00
Central 11,115.00
Davidson 22,535.00
John Milledge 41,115.00
Wood lawn 34,710.00
Hill 10,755.00
Monte Sano . 11,655.00
Turpin Hill 2,220.00
King Mill 2,340.00
D'Antignac 11,775.00 $165,115.00
Specials
Kindergarten Teachers $ 19,200.0(F
Domestic Science 4,440.00
Manual Training 2,100.00
Music Supervisor 1,710.00
Medical Inspector 675.00
Attendance Officer 1,800.00 $ 29,925.00
Grammar Schools—City Colored
First Ward $ 6,150.00
Second Ward 3,720.00
Shiloh 1,740.00 ,
Gwinnett 11,070.00 \
Nellieville 7,170.00
Weed 4,710.00
Fourth Ward (New) 720.00
Fifth Ward 1,320.00 $ 36.600.00
Specials—Domestic Science $ 6,360.00 6,360.00
Grammar Schools—Rural White
Bayvale, 119th District $ 3,840.00
Belair 2,160.00
Rennison 1,080.00
Mundy 720.00 $ 7,800.00
Hood's Chapel, 121st District 5,760.00 5,760.00
Evans Academy, 123rd. District 2,520.00
Morgan 2,520.00
Friendship 2,220.00 7.2G0.00
Pine Hill, 124th. District 1,320.00
Mcßean 2,040.00
Ridge 840.00 4,200.00
Perrin, 1269th. District . 1.5G0.00 i
Rocks . 2.220.00
Goodwin 2,220.00 6,300.00
Gracewod, 1660th. District 3,900.00 3,900.00
Hephzibah, 1434th. District 5,460.00 5,460.09
Blythe, 1760th. District 7,380.00 7,380.00
Specials
Music Supervisor 1,200.00
County Demonstrator 480.00 1,680.00
Grammar Schools —Rural
Colored (Est) 7,000.00 7,000.00
Retirement Fund 3,300.00 3,300.00
Janitors & Janitresses (City and Rural. 20,000.00 20,000.00
Administrative Expense: Per Diem,
Postage, Printing & Stationery, Ad
vertising, Auto Expense, etc $ 7,500.00 $ 7,500.00
Operating Expense:
Fuel and Light $ 10,000.00
Telephones » 850.00
Furniture, Desks, etc 1,000.00
Repairs—Labor, Material, Plumb
ing, etc 25,000.00
Kindergarten Materials 500.00
Domestic Science Materials 3,000.00
Shop Material and Expense 500.00
• Water Rent 2,200.00
Rent of Schools 615.00
Wagon or Truck Routes 20,020.00
Books. Charts, Maps, jankers’ Suplies
Classroom Supplies\Laundry, Supplies
for Principals’ Offices, and Misc 9,00.00 $ 72,685.00
Miscellaneous Items:
Playground Appropriation $ 1,500.00
Illiteracy Appropriation 1,000.00
Insurance 1,500.00 $ 4,000.00
a
Interest:
Coupons not presented—On Bonds $ 1,170.00
Coupons not presented—On
Bonds due 1924 67.50
Coupons on Bonds due 1925 1,125.00
Interest on Loans (Estimated) 2,000.00 $ 4,362.50
Anticipated Retirement of Bonds
due Jan. 1, 1925 $ 10,000.00 $ 10,000.00
Unfinished Contracts for Buildings:
Monte Sano School $ 19,000.00
Additions jfcßean and Bayvale,
D'Antignac Furnace 1,000.00 $ 20,000.00
Notes Payable—Georgia Railroad Bank. $ 45,000.00 45,000.00
Total Estimated Expenditures $633,727.60
Respectfully Submitted:
W. J. HOLLINGSWORTH,
Augusta, Ga.. September 26. 1924. Auditor.
Aupstans Divided on
Who They Will Support
For Sheriff In Old
Home Town
Continued From Page Five
Kti Klux Klan in order to get the
washing of the robes for his wife.
BOTH OTEY AND
ED HAVE SUPPORTERS
Postmaster John McAuliffe said
his position prevented him from
taking any active part in politics,
but that he didn’t think even Uncle
Sam would object to a man express
ing hlmseif on so vital a question
as the sheriff's race in the Old
Home Town. Mr. Mac says he
stands unequivocally for Otey
Walker, because Otey has always
been a “Home Town" man.
Julge William H. Barrett could
not be seen when a Herald report
SUNDAY, SEPTEMBER 28
STOCKS AND
BONDS.
er called on him, but his secretary,
Jim Talbert, said he was sure Judge
Barrett would support Otey be
cause of Otey's common-sense law
enforcement program.
“Uncle Charlie” Skinner, in an in
terview, threw aside the robes of
office as U. S commission, and
dabbled into politics long enough to
say that Ed Wurgler is the logical
man. “He has made a good Job of
keeping the people of the old home
town’s body physical clean and I
think he Is the man to clean up the
body politic.” Judge Skinner *avs
Otey Walker ought to have a com
fortable roll salted away by now,
what with the fee system and so on
in the town marshal's Job. It KB can
clean the linen, the Judge thinks,
he certainly ought to be able to
clean the town.
Major Paul Carlisle, peppy Texan,
says In view of Ed Wurgier’s suc
cessful administration as the man
ager of a hand laundry he is con
fident Ed is the best man for the
sheriffs office as against Otey
Walker. However, the major think’s
a "dark horse” in the form of Dad
Keys would not be out of
considering that Dad's experiences
with railroad "stationery'" warfare
should fit him to handle the paper
work of the sheriff's office.