Newspaper Page Text
WEDNESDAY, OCT. 15
COTTON AND
GRAIN.
THE WEATHER
(Forecasts till 8 a. m. tomorrow.)
Augusta and vicinity: Fair tonight
and Thursday, little change In tem
perature.
Georgia: Fair tonight and Thurs
day, little change In temperature.
Weather Conditions.
High pressure continues to be at
tended by fair weather excepting light
rain in the upper Mississippi Valley.
The temperatures are seasonable.
Weather Data.
Highest temperature yesterday SI;
lowest temperature tills morning 57.
River stage at * a. m. 7.8. Fall In
24 hours ending S a. m. .4.
Moon tonight rises S:OS p. m.
Relative humidity yesterday 8 a. ra.
SS; 12:30 p. m. 67; 8 p. m. 70.
K. D EMIGH.
AUGUSTA COTTON
Spots 22.06
Tuesday . . . 22.13
Last Year. . 28.63
PRICES BY GRADE
~ . Close
Middling fair 23,06
Strict good nliddiing 22.81
Good middling 23 66
Strict niiddling 22.4!
Middling 22.06
StrVt Intv middling ’ 21.06
Row middling 20.06
Strict prod middling 19.06
Good ordinary IS.Od
■ o ~o
CLOSING QUOTATIONS ON |
NEW ORLEANS AND NEW I
YORK COTTON EXCHANGES j
I I
O O
The following quotations from New
Tork and New Orleans were potted
on the Augusta Cotton Exchange
Wednesday:
NEW YORK.
Prsv,
Open Hipli T.ovv Noon c)os«
Jan. .. 22.16 22.70 22.18 22 26 22 46
Mnr . 22.70 23.16 22 2" 22.67 22.73
May .. 23.00 23 06 22.76 22 5722 88
July . . 22.70 22.70 22.50 22.56 22.55
Oct. .. 72.36 23.57 22.95 23.14 22 18
Dec. .. 22.28 22.71 22.09 22.26 22.32
NEW ORLEANS.
Prev.
Op'-ri High Low Noon closo
Jan .. -2 27 22.61 22.61 22.16 22.27
Mar .. 22 53 22.84 22.29 ?2.4« 22.53
Msv .. :•*.«•» 22.97 22.43 22.53 22.68
July ..23 4 1 22 47 92.24 22 23 22.46
Oct. .. -2 04 22 56 21.98 3.210 J 2.17-
Dec. .. 22.17 22.61 21.97 22.11 22.25
NEW YORK COTTON
NKW YORK.—The cotton market
opened firm a| unchanged prices to
advance of -0 points Wednesday, ac
tive months selling about 111 to 2S
points net higher during the early
trading on covering and buying for
a reaction, promoted by the steadier
selling of Liverpool. The weekly re
port < f tlif* weather bureau made a
favorable showing and the day’s news
ind cated continued favorable con
ditions in most parts of the belt.
The market evidently was influenced,
however, by a feeling that rallies
were likely to follow the break of
yesterday and that a considered
short Interest had accumulated. Oc
tober was relatively easy owing to
the circulation of notices but sold up
to 23 37 while the early advance car-
Tied December up to 22.53.
Failure of the weekly report to in
die e more selling disappointed short
interest and there was a flurry of
covering which sent the mid-morning
him*’ **t up to 22.70 for December or
a * 33 to 40 points net higher,
a ■ Sons of 10 to 2S points followed
vt) >r realizing and renewed llqul
d.arv n but the market helrt steady
around mid-day on reports that trade
interests had been buyers, with the
active months ruling about 20 to 25
points higher.
The more urgent demand from
shorts seemed to have been sup
plied on the mid-day advance and the
market weakened later under resell
ing by early buyers and selling be
l’eved to be partly for southern ac
counts. Prices broke into new low
ground, December selling around 22.10
at 2 o’clock, or 22 points net lower.
11:45 a. m. bids, steady.
October 22.40
December 22.52
January 22 02
March 22.90
May; 23 20
NEW YORK SPOTS.
VKW YORK.—Cotton, spot, quiet;
middling 23.40.
NEW ORLEANS COTTON
NEW ORLEANS.—The cotton mar
ket opened 13 points lower for Octo*
her but rallied somewhat during the
call in sympathy with better Liver
pool cables than due and later months
upnehanged from the previous close
to one point net higher. The gen
eral feeling was bearish. Prices soon
rallied to 22.35 for December. 22.37 for
January and 22.60 for March or 7 to
10 polnta over the previous close
owing to reports that a fresh distur
bance had developed in the Caribbean
Sea. The weather map was general-
LOOK FOR
ROGER W. BABSON’S
WEEKLY ARTICLE
On Marketing, Finan
cial and Business condi
tions every Friday on the
Market Page of the Au
gusta Herald.
An interesting discus
sion is had this week on
“mortgages as invest
ments”. Babson points
out the “ethical" factor
in making loans, one that
is often overlooked. He
recommends a loan when
the combination of a de
sirable property and bor
rower of good character
is found. Investing money
in a speculative business
is advised against. His
•reasons for and against
loans on mortgages will
be of service.
Read Babson’s article
every Friday on the
Market Page of The Au
gusta Herald. He is
America’s foremost busi
ness observer.* and statis
tician.
THE AUGUSTA HERALD
Augusta, Ga.
=Financial and Commercial News=
Market Closed Steady;
Augusta Spots 22.06
(By W. A. LUPBURROW)
(Market Editor)
Although there was a better sen
timent and stronger undertone in the
cotton market during the latter part
dt the day Wednesday and some short
covering the bullishness was not suf
ficent to prevent a decline, and on
the close spot cotton at Augusta was
quoted nt 22:06 a decline of 7 points
from previous closing quotations. It
is claimed by some that chart check
ing of the market shows that it has
hit its low level. That is problemati
cal and time is the baris on which
it will he settled. Let ue hope that
the low levels have been hit,—that is
all we can do.
Discussing the cotton market,
Harris, Irby & Vose of New York
says:
"We regret that it is necessary for
us to write so constantly about the
government reports, but they are the
chief senstaions in the cotton market
nowadays and they cannot be ignored.
"Last week we had two of these
reports. They carte on the same day
and at the same moment. They re
minded one of a double barrelled shot
gun when both barrels are discharged.
One was from the Crop Reporting
Board of the TT. S. Department of
Agriculture. It put the condition of
the crop at 53.5 and the presently in
dicated yield at 12,499,000 bales. As
the report is supposed to reflect con
ditions as of October Ist no precise
comparison with previous years can
be made, but it i« worth noting that
in so far as the condition figures of
September 25th are concerned there
have been only three years in which
they were lower than 53.5. These
thre years were:
"1921. when Sept. 25 condition was
42.2 and crop was 7,974,000.
"1922. when Sept. 25 condition was
50.0 and crop was 9,729.000.
"1923, when Sept. 25 condition was
49.5 and crop was 10,171,000.
"These were all short cron years,
and as they are studied last 'Wednes
day’s condition figures hardly seen
to justify the crop estimate with
which they are coupled.
"But the crop estimate was ac
companied by a ginning report from
the Census Bureau which was con
strued au supporting the former.
This report announced that 4,525,520
I,ales had passed through the gins up
to the close of business September
30.
"Comparisons with the ginning in
previous years up to September 3U
are also Impossible, but the appro
ximate ginning to that date in past
seasons can be easily estimated by
taking the working day average of
the ginning from September 25 to
October 18 and adding that average,
multiplied by the requisite number of
working days, to the total ginning up
to September 26.
"By applying this method the fol
lowing table has been prepared:
° a 3
lO
yelrt.
gij* I
cSfco S, B
1923 ... 4,684 (estimated) 39.7 10,171
1922 ... 4.675 (estimated) 48.0 9.729
1921 ... 3,590 (estimated) 45 0 7.978
1920 ... 3,160 (estimated) 23 8 13,271
1919 ... 2.639 (estimated) 23,3 11,326
1918 ... 4,661 (estimated) 38.3 11,906
1917' ... 3.308 (estimated) 29 2 11.248
1916 ... 4.919 (estimated) 43.3 11,364
1915 ... 3,633 (estimated) 32.8 11,068
Average. 9 years 35.9
"These figures *ho4v that in three
years out of the last nine the quantity
)
Iy fair and temperatures seasonable.
Live poultry, chickens by freight,
2J4ji25; by express, 25&27; fowls, by
freight, 22027; by express, 20@32;
roosters, by freight, 14; turkeys, by
freight, 32; by express, 35045.
Dressed poultry, irregular and un
changed.
The market turnde firmer in the,
second hour of trading on covering'
by shorts owing to the more or less
apprehension aroused by the storm
warning for a disturbance in tho
northwest Caribbean. There also was
a good trade demand and price-fixing
by both domestlo and foreign spin
ners. Towards noon prices were a
little off from the high points but the
understone was steady under the
feeding that the market had been
oversold and a rally was to be ex
pected.
The market turned decidedly weak
In the afterwoon on reports of heavy
ginnlngs reported fro mtlia inetrior
and on advices from the western
belt that the drop will be material
ly added to If frost Is delayed ten
days longer. These reports led to
heavy liquidation. Although prices
rallied from the lows the mar
ket lacked anything like good support.
Exports for the day totalled 67,080
bales.
Noon, bids, steady:
October 22.39
December 22.15
January 22.19
March 22.73
May 22,87
NEY ORLEANS SPOTS.
NEW ORLEANS.—Spot, cotton,
steady. 20 points down: sales on the
spot, 599: to arrive, 300. Low mid
dling. #0.15: middling 22.13: good mid
dling. 2135; receipts, 19,061; stocks,
200.949.
LIVERPOOL MARKET
LIVERPOOL.—Cotton, spot, quiet;
prices, steady.
Strictly middling 14.19
Good middling 13.94
Strictly middling 12.59
Middling 12 39
Strictly low middling ../'13.19
Low middling 12 69
Strictly good ordinary 12 29
Good ordinary 11.69
Sales, 5,000 bales, Including 2,200
American. Receipts. 16,000 bales. In
cluding 15 600 American.
Futures closed firm.
October 13.16
November lS.no
December 12.95
January 12 94
March 13.03
May 13 07
July 12.98
LIVESTOCK MARKET
ATLANTA CATTLE AND HOO
RECEIPTS
ATLANTA, Ga Cattle, receipts,
150; dull and draggy: light steers,
33.60 to 4.25, beef cows, 23 00 to 4.50
banners, largely 21.75 to 2.50; not
enough other classes to make a mar
ket.
Hogs, receipts, 600: ell on direct or
through hilling, none on sale; market
tending lower In line with country de
cllner,
CHICAGO CATTLE. SHEEP AND
HOO RECEIPTS.
CHICAGO—CattIe, receipts, 16,600;
fed yearlings, moderately active, gen
erally steady; numerous loads, 211 5»
to 12 00; long and light kind, 212 25;
heavies comparatively numerous,
slow; weak to 21 lower; mostly IS to
25 off; bulls and Stockers, and feed
ers. steady: vealers, 25 lower; bulk
around J1f1.60.
Bheep. receipts. IS,000; dull; fat na
tive lambs to packers, weak to 25
lower at 212.00 to 13.2.7; fat ewes. 24.75
to 6.75; best feeding lambs, h'-hl at
113 00; feeder yearling wethers, 24.75.
Hogs receipts. 22.000; mostly 25 to
35 cents lower: 20' 1 to S4O-poun<l but
chers. largely 210.90 to 11.15; bulk de
slrshle 160 to 190-pound weights.
19.45 to 210 76: parking sows, 29 75 to
10.10; slaughter pigs, 24.00 to #.60.
ginned up to October 1 has exceeded
the ginning up to that date this year.
But In none of these years did the
crop exceed 12,.000,000 bales and in
one of them (1922), it was less than
10,000,000 bales.
"This rather elaborate comparison
with former reports is submitted to
show how utterly valueless these gov
ernment statistics are and how in
jurious they may be to the farmers
in whose interest they are supposed
to be compiled.
"Upon the issuance of last Wed
nesday's figures the market dropped
nearly 150 points with a thud. The
result is that the American cotton
crop is worth about 3180,000,000 less
than its value on the preceding Tues
day. But this is not the worst of it.
The decline in priees and the cur
rency given the larger erop estimates
have retarded trade all along the
line. Those who might have bought
cotton goods are procrastinating in
the hops of lower prices.
"The mills are in turn postponing
purchases of the raw material and
the farmer is left to hold the hag. If
he finds it necessary to sell he must
take what is offered him and it is a
buyer s market from the gin house
to the retail store. Cmnmrcial era;-
ditlons ar sound, money is plentliuil,
high prices for wheat and corn hate
brought prosperity, to the Western
States and the cotton grower would
have an excellent demand for the
fruit of his toil if the market was
not utterly disorganised by these
I factitious and meaningless reports
' upon which the money that is col
lected in taxes is being spent.
! "It is useless to discuss the lntrl
sic or commercial value of cotton
while the trade Is thus harrassed.
The situation defies the most ex
perienced Judgment and we can only
advise our friends to avoid being
either long or short unt'l some reme
dy is found for conditions that are
so demoralising."
N. Y. STOCK MARKET
NEW YORK. Conflicting price
movements marked trading in stocks
at the opening of Wednesday’s mar
ket. Considerable confusion attended
the early dealings with prices for the
most part fluctuating within frac
tional llmitß. American Can. how
ever, rallied 1% points and Delaware
and Hudson and -Goodyear preferred
a point each. Nash Motors broke
3 points.
Short covering operations, com*
peting with renewed liquidation and
boar selling unsettled the market in
the first half-hour of trading. .Stocks
which o|*|ed substantially higher,
such as American Can, fell back ab
ruptly while earlier weaker features
moved vigorously ahead. Recognized
market leaders held firm but Inroads
were made into the prices of minor
shares. American Chicle preferred,
yielded SVfe points and Consolidated
Cigar preferred, 1%. Gains of a point
or so by Baldwin, Lackawanna, Gen*
erai Llectric, Colorado Fuel and Na
tlonal Biscuit were counteracted by
similar losses in American Car and
Foundry, American Telephone, Am
erican Tobacco and International
Mercantile Marine preferred. For
eign exchanges opened steady.
Control of the market rested with
the bull faction in the earlv after
noon and they pushed their advantage
to tne utmost among the speculators
American Can was lifted to 157
and National Biscuit. Colorado Fuel.
Houston Oil, Woolworth, General
Llectrlc and Sinclair Oil preferred,
gained 3 to 4 points. Lackawanna
ami Delaware and Hudson wore the
leaders in the railroad section with
gams of 3 to 3ft, respectively
The closing was firm; sales ap
proximated 1,000.000 shares.
NEW YORK STOCK LIST.
Allied Chemical ami Dye C 7oft
American Can 126 ft
American Car and Foundry..., 163*
American luiernational 24
American Smelting and Refg. ... 74ft
American Sugar 421?
American Tel and Te! 126 ft
American Tobacco 162
American Woolen * 56ft
Amer. Zinc, Lead and Smelt. .... 7R
Anaconda Copper 351/
Atchison 163 ft
Atlantic Coast Line .....131
Baldwin Locomotive * 69
Bethlehem Steel " 4314
California Petroleum * 21
Canadwian Pacific ’.l4oft
Central Leather * 33ft
Cerro de Pasco ", 4514
Chandler Motors 36ft
Chespeake and Ohio H 2
Chicago and Northwestern 68ft
Chicago .Mil. and St. Paul pfd luvj
Chicago, R. I. and Pac 30%
Chile Copper ;j]«
Coca Cola 74tZ
Colorado Fuel and Iron " 3714
Congoleum 442
Consolidated Gas sfj?7
Corn Products, new ’ 341?
Cosden Oil 24 >A
Crucible. Steel \ 5414
Luba Cane Sugar, pfd 68%
Davison Chemical 43*4
pu Pont de Nemours ! 126*1
Erie of.
Famous-Players La3ky " so
General Asphalt 391,
General Electric ",243 V?
General Motors " eg*/
Great Northern pfd " sop
Gulf States Steel ' csii
Houston Oil '
Illinois Central ..’.’.107%
International Harvester 92^
Int. Mcr. Marine pfd mu
Invincible Oil ’ u™
Kelly-Springfleld Tire 16U
Kennecott Copper 44S
Loulshvllle and Nashville >j6u
Mack Truck os’ 1
Marland Oil ' a-*/
Maxwell Motors "A” " 50
Middle States Oil pu
Missouri. Kan and Tex ’ 14U
Missouri Pacific, pfd sa6
National Lead *14445
New Orleans, Tex and Mex. 111’.10c5
N,.w York Central lojtC
2; y . N. H. and Hartford 21%
Norfolk and Western 122* 1
Northern Pacific * iou,
Pan American Petroleum 13 ' 4.. .y
Pennsylvania 441 J
Producers and Refiner .'..Ku
Reading t'i
Republic Iron and Steel ..'..7.7 4344
Reynolds Tobacco ”B” ... yltu.
Seaboard Air Line 14^"
Sears Roebuck inn/
Sinclair Con 1" ” ,Ift
Bloss-Sheffleld Steel and Iron 1.67 *
Bouthern Pacific 1,0,,
Southern Railway 65u
Southern Railway, pfd ‘' 7* 14
Standard Oil of N. J mu
Standard OS of Cal * 5714
Rtudebaker Corporation niu
Texas Co ; 40??
Texas and Products 63 u
Tobacco Product* ejC
Transcontinental Oil 4
Union Pacific ' 13*14
United Drug ’ 51 '*
U- 8. Cast iron Pipe '.16964
S. Ind. Alcohol
United States Rubber 33 4
United States Steel .10544
Utah Copper 78’*
Weetlnghous* Electric 61 U
Wlllva-Overland 7%
Woolworth 164
Chicago Potato Market
CHlCAGO.—Potatoee, trading alow;
market firm on Ohio and good white
stock; weak on ordinary white ee
■ peclally Wisconsin. Minnesota and
I North Dakota, sack'd, Red River
Ohio’s. 21 0« to 1.16; Minnesota, sack
ed, round white. 80 to 95; Wisconsin,
racked, round whites. 65 to 60; few
Vat, IS: bulk. 65 to 85; few fyicv. 90;
South Dakota, aaclmd, Early Ohio’s
90 to 1.00.
THE AUGUSTA HERALD. AUGUSTA. GA.
CHICAGO GRAIN MARKET
CHlCAGO.—Despite a weavering
Start, the wheat market soon scored
fresh gains in price Wednesday. The
opening, which ranged from ft cent
decline to %-eent gain, was follow
ed by a moderate upturn all around.
Corn swayed with wheat. After
opening %to ft cent down, she mar
ket rose to well above Tuesday's fi
gures.
Oats were firm from the outset,
starting unchanged to ft cent higher.
Provisions averaged higher, sym
pathising with grain rather than hog
values.
Wheat closed buojknt, 4 to 4(4
cents net higher.
Corn closet! firm, It* cents to 1%
cents net Iflgher.
WHEAT—
Open High Lmv Cion
Dec 145 151(4 116 151
May ... 151 156 130 ft 155 ft
July ... 133 ft 137 ft 132 ft 137 ft
CORN—
Dec. ... lilft 118 ft 111 ft 113 ft
May ... 113'- 116 113 ft 115 ft
July ... 113 ft 116 113 ft 115 ft
OATS—
Der. ... 54 ft 53ft 54',» 55ft
May 53 ft 60ft 58ft 60ft
July .... 55ft 56ft 55ft 50ft
RLE-
Dee. ... 131st 135«.<j I*lM 13564
May ... 13 2' i 130 132 ft 135 ft
LARD—
Nov. ... 1512 1525 1 |OT 1525
Jan. . . 1395 1120 I*os 1420
RIBS—
Ribs ... 1225
Jan. .. —— 1252
BELLIES—
Nov. ... 1456
Jan. ... —— 1295
FOREIGN EXCHANGE
NEW YORK.—Foreign exchanges,
easy. Quotations, in cents:
Great Britain, demand, 4.48 13-10;
cables, 4.49 1-18 60-day bills on banks.
4.46 11-16.
France, 5.18 ft; cables, 5.19.
Italy, 4.35® and 4 36ft.
Belgium, 4.79 ft and 4.80
Germany (per trillion), 23ft.
Holland, 39.08.
Norway, 14.05.
Sweden. 26.57.
Denmark, 26.67
Switzerland, 19.18.
Spain, 13.43.
Greece, 174.
Poland, 19ft.
Czechoslovakia. 2.95.
Jugoslavia, 1.42.
Austria, .0014 ft.
Rumania, .51',4.
Argentina, 37.25.
Brazil, 11.55.
Toronto. 3Sft.
Montreal, 90 4-It.
SUGAR MARKET
NEW YORK.—Raw sugar, unchang
ed at 6.03 for Cuban duty paid.
Refined, unchanged at {7.15 to 7.50
for fine granulated.
DAIRY MARKET
NEW YORK BUTTER, EGG AND
CHEESE RECEIPTS.
NEW YORK.—Butter, firm; cream.-
cry. extras. 39Sf39ft.
Eggs, irregular; fresh gathered,
firsts, 404/ 47.
Cheese, unsettled; state, whole
milk flats, fresh average run, IS®ls.
CHICAGO BUTTER, EGG AND
POULTRY RECEIPTS.
CHICAGO.—Butter, higher; cream
ery. extras, firsts, 33ft®34; seconds,
3177315 t.
Eggs, unchanged.
Poultry, alive, unchanged.
NAVAL STORES
SAVANNAH NAVAL STORES
SAVANNAH, Ga.-—Turpentine, firm,
86; sales bSO; receipts, 4L6; shipments,
724; stocks, 12,626.
Rosin, firm; sales, 1,343; receipts,
1,445; shipments, 1,260; stocks. 10,1,446.
Quote: R. D, W, F. O. H. 1. K. M.
*5.85; N, $6.00; W(J, $6.00; WW, *7.35;
X *7.65.
STOCKS AND BONDS
(Corrected by T. D. Carey & Co.)
STOCKS.
Bid Ask.
Augusta Factory 15
Augusta and Sav. R. R 93 97
Bori Air Hotel Cor. c0m..., 62 67
Bon Air Hotel, pfd 62 67
Citizens & Sou. Bank 250 255
Enterprise Mfg Co 90 100
Georgia R, R. Bank Co 194 197
Graniteville Mfg Co 165 —-
John P. King, pfd 104
John P. King, com 110 120
National Exchange 8ank...106 110
Sibley Manufacturing C 0... 65 75
Southwestern Railway 98 100
Union Savings Bank 140 150
BONDS.
Bid Asked
Augusta Factory Bs, 1941 ~.. 99 101
Bon Air Hotel 7s. 1942 101 103
City of Augusta (Basis) 4.40%
Ga. R. R. * Bkg. 4s, 1947.. 42 84
Ga. R R. * Bk. Co. 6a. 1951.104
Granlteville Co. 7«. 1942. ..101 103
Longlev Mills 7s, 1943 97 93
Sibley Mfg. Co.. It.. 1942....100 168
State of Georgia (basis) ..4.2554
LAST WEEK’S CROPS
IN SOUTH CAROLINA
Syncpri* of Weather and Cron Con
ditions *n South Carolina for ths
Week Ending October 14, 1924:
COLUMBIA, S. C.—Another week
of bright, clear weather, with nearly
seasonable temperatures, has been
favorable for all knld* of outdoor
work. Cotton la In poor to fair con
dition; practically the entire crop la
open, except In the northern tier of
counties; picking and ginning have
progressed favorable, and picking
la nearly completed In §ome southern
sectlona; the weevil has about taken
Its toll. Planters are now busy har
veatlng corn, peanuts, sweet potatoes
and forage. Considerable plowing for
winter grains has been done, hut there
has been little seeding thus far. Cab
bage, beans, turnips and other field
and garden vegetahlea have Improved,
ams pastures continue In good con
dition. Molasses Is being mads.
Apples and pears ar* plentiful.
Brooks, Hyman & Co.
82 BEAVER ST, NEW YORK.
. —Members—
New York Cotton Exchange.
Represented by
R, E. ALLEN, Jr., Augueta, Ga.
Orders solicited for the purchase
and sale of Cotton for future de
livery.
Tee Late For Classification.
LOST AND FOUND
LOST THURSDAY NIGHT SMALL
silver rosary. Reward, 2349 Wrights
boro road. Phone 6420. 018
FOR RENT—Apartments
FOR RENT: 1363 BROAD KT. FIVE
room apartment. Newly furnished
All modern convenience. Large yard
and garage. Reduced rent. Phon.
8430. oIS
Mlf roo a*, toting row our,l, ,ni
V* wnw, d«po«l»ti!, -Ml, run 4e»o,
I » or taffmr from t>nn*tartlioM«i> wmwmot to
mail Ton o« book miiti'd ”P*rfc* Monbood. I u
; **! *•*•** ** How AtUln U " TbU booi d*-
•a-lbM If ITBIIOW, • rMt'jrotiv* lonic th*t e«t* Tom
, nothing If oot r» vr booofiud. Writ# today
CwmterttMOwwfctlCo. 4tf Itfryltocti, WathfWf.Ttnu.
SOUTHERN COTTON MILL
STOCKS
Southern cotton mill »icfk» u quoted by R 6
Dlckeon and Company, of Gaston)*. N. C.. and
Greenville, 8. C.s Bid. Aik
Acme Spinning Company 9$ id
Arcadia Mill* 2SU 205
American Spinning Company 209
Am. Yarn ami Free. Co 91 9T
Am. Yarn and Proc. C*. b'o pfil, 102 10.1
A n der ion Cotton Mill* 104 110
Arlington Cotton Mills ltfO 10$
Aragon Cotton Ml la (S. C.) 195 151
Arcade Colton Mills 80 95
Arrow Mill* 95
Art. C olli Mtlii 95
Angus;* Factory - *6
Belton Cotton Mills 03 4H
eliltou Cotton Mills, T %, pf& .... 9J 94
Beaumont Manufacturing Co 419 •
Blhli Manufacturing Co 199
Breton Mill* . . , 11l U«
Clara Mfff. Co. 00 100
Clifton Manufaeiu Ing Co IST 149
t'alinrrus Cotton Mllj* 159 104
Cahamta Cotton Mills. 7% nfd... 194 ——
Chtdwlck>lln*klna Co. (Par. 125) . 17 29
Chadwick-Hniklna Co., B'w l)f<i..e« 102 1»M
C!i'*snee Mills ISO 137
China Grove Cotton Mills 193 ——
Chtquola Manufacturing Co 233 3*3
t'hfuuola Mg Co.. OGr, ptd 99 |
I Calhoun Mills 123 '
I Cannon Mfg. Co. (par $10).,..... Ill* 15'i
1 Clover Mills
Climax Spinning Co DO ‘3l
Crescent Bplnn ingC0............. 91 90
Columbus Mfg. Co. (04.) 125 133
Converse. I). K Co 117 l?"
Cowpens Mill* 73
Barrington Manufacturing Cj I*7 PI
Dixon Mills 98 l'Jl
Drayton Mill* 191
Duncan Mil’s D'B 10$
Dunean Mills. 7% pfd 0*
Durham Hosiery, 7'/r pfd 49 55
Durham Hosiery "B” 3
Eastern Manufacturing Co 71
Eagle Tarn Mills so 85
Ktgta and Phoenix (Ua.) 19'* 5 70
Dfiru Manufacturing Co D*t)
Erwin Cotton Mils Co ... HI
Krwln Cotton Mills Co. 6% pfd... 192
Flint Manufacturing Co 333
Gaffney •Manufacturing Co, 91 94
Ulbaon Manufacturing Co 12* —~
Olobe Yarn Mill* IN C.) 49 5{
Gray Manufacturing Co - * uw
Glcmvood Cottou Mill* 123 ISS
Gluck Mills 129 Wi
Oremtel Mills
Orem tel Mill*, pfd T',* (par 950) .. 4T 50
GrnnlfevlUe Manufacturing Cia .... 17A
Hamrick Mill* HjJ 135
Hanes. P. H. Knitting Co. | 7*
Hanes. P. 11. Knitting Co.. T& Pfd 19* l'”,.
Henrietta, Y% i>td —* OJ*
H\m»cr Mfg. and Com. Co., 7% pfd 08 99
Imperial Yarn Mills Jl# l-»
Inman Mills 13h ——
Inman Mill*. 7ft pfd 191 -----
Jennings Cotton Mill 250 29 >
Judson Mills H»9 161
Judaon Mill* 7'd pfd 192 104
King. Jno. p. Manufacturing Co. . 340
Limestone Mills 345 3oD
Linford Mil la “
Lola Manufacturing Co JJ
Tork* Co’ton Mills Co *OO
Laurens Cotton Mills 343 IjO
Majestic Ms«. Co
Man field Mills 350 161
Marlboro Cotton Mill* 61 w
Mills Mill 2J» 940
Mills Mill. TCi Pfd IJI
Monarch Mills. (8. Cl.) ~134 138
Moiiohon Manufacturin'! C0...*... 319
MoorcsvUle Cotton Mllla JO
Musgrov* Cotton Mills “9 81
Myers Mills JJ
Myrtle Mills .{»
National Yarn Mill 309 319
Newberry Cotton Mill* 128 131
Norris Cotton Mill* Co. —®l
Orr Cotton Mllla 13°
Orr Cottou Mllla. 1% pfvl 97 99
Parkdale Mills 09
Pacolct Manufacturing Co -®4 20*
Paro’et Manufacturing Co. 7% Pfd 1® ;l -
Piedmont Mfa Co. (8. C.) 1*« ’
Perfection Bplnnlnj Co ®9 M
Poe, F IT, Mfg Co 322 139
Poinsett Mill* 97 IJ9
PrDcilla Spinning Co
ltanlo Manufaciurlng Co.. 313 —.
Riverside MIPS (Par SI2IW) .... 9% 3® *
Itivaralde and Dan River ....... 229 Vtt
Riverside and Dan River 6/t pfd.. 191 M 8
Rowan Cotton Mil’s Co 92 9H
Roanoke MW*. I t pfd. 7%% TH
Roanoke Mill*. 2ml pfd. S'* 97 3««
Rosemary, pfd, 7ViCo 25
Rlivne Hou-er Mfg. Cc 80 90
Saxon Ml'la 399 3®j|
Hemlnole Cotton Mill* Co 89 9-
Stblcy Mfg. Co. (G*> 62 67
Spartan MHla }?*» JJJ
Kte ling Fplllnlng Co 194 198
Btowo Spinning Co 89 91
Toxaway Mills (rur $25) 83 *3
Unk n Buffalo Mills 7»
Dnlon Biff fain Ml'#*. Ist. pM 7 c c .. 94 93
1 nUm-Buffa’o Mllla. 2nd pfd. s*/# 53J4 57
Victor-Monaghan *‘o. ....: 107*4 199
Victor-Monaghan Co., pfd 7%...- 100 111
Victory Yarn Mills Co. • 71
Vlctort 8"c pfd 89 99 *'4
Ware PhnftJ* Mfg Co 175 l«f»
\\>ttv Mills. Ist Pf'l .
Watts Mill*. 2nd pfei 7% 188 I4jf
Wlnget Mill# Co ,8
Wlscasactt MB'* Cj 191 223
Wllllamstof) Mil’s ?on ~—
Woodsidt Cotton Mllla 114 —-~
Woodstdo Cotton Mill*, 7% pfd... 9* 90
Woodruff Cotton Mills 16» 388
Accrued Interest to be added lo preferred stock
quotation*.
The stork* qun'ed ahor* represent f'flcea *1
which we have buyer*, and p Ices at which vie
can sell. AM quotation* subject to change with*
out notice.
GERMAN LOAN
Over-Subscribed In England
and Prance
LONDON—When tbr> aubacrlp
tlon list for the British portion of
the $200,000,000 Dawes plan loan to
Germany closed at 1 o’clock Wed
nesday afternoon, It wa* Indicated
that the loan had been conalclerably
over-subscribed.
PAKia--France’s 8,000,000 pound*
sterling share In the loan to Ger
many has been over-subscribed al
though it has not been offered to
the public.
DOVE SHOOTING
Not Allowed Until November
20th by Government
It was announced from the office
of U. S. Commissioner C. J. Skinner,
Jr,, Wednesday morning thut the
federal season for dove-hunting doe*
not open until November 20. closing
January 81.
The state aeatnn for doves begins
Thursday, but this doe* not, accord
ing to Commlasloner Skinner, mean
that the hunter can go out for
doves before November 20 with Im
punity under the federal law.
STATKM ENT OF
UNION SAVINGS BANK
Augusta, Qa., showing condition at closo of busintsa Ostobsr 10, 1924,
as eallad for by tho Suparlntendent of Banks. President, Wm. sen
walgert; Vlca-Prosidcnt and Cashier, T. 8. viray; Assistant Carhlsr, ft.
M. Riley.
HBtToU ROES
Tima Loans and Discounts fl.ins,MS.44
Demond Doans ... ...... J 41,749.20
United State* Rr'-urltt-s **,200.00
Htate of Oeorgla Bonds ... 10.000 pH
Other Htocks and Bonds ... 06,000.00
Banking House ... ... 100,000 00
furniture and fixtures 16,647.54
Other Krai Estate Owned ... 11,160.01
Due from Other Approved Itererve Agents and Cash In
Vault 136,277 72
Due from Other Hantfti 21.021.90
Checks for Clearing House ... ...* *9,1*0.46
Other Checks and Cash Items 0,0*0.05
Overdrafts 4.017*0
Other Assets ... 4,636 30
Total ?M71"&t».12
LIABILITIES
Capital Stork Paid In * 100,000 00
Surplus Z.YOOO.nO
Undivided Profit 02,301 27
Dividends Unpaid ... ... 00 00
Deposits Huh/ert to Check 733.052 14
Demend Certificates of Deposit ... ... 10,059.68
Time Certificates of Deposit. 30.900 63
Havings Deposits 702,6*2.16
Cashier's Checks 13,258 06
Certified Checks 311 78
Other Liabilities ... 8,614 02
Tota'l ~<T,778,510 1*
State of Deorgla—-Richmond County.
Before me came K. M. Riley Arse Cashier of Th* Union Havings Bank
who being duly sworn, says that the above foregoing statement Is a
true condition of said Bank, as shown by the hooks of flic In raid Bank.
It M RILEY, Asst ('ashler
Sworn to and subscribed before me. this 14th, day of October, 1024,
A Y. OTIH. JR.
(Real) Notary Public, Richmond County, Oa.
WJt Commission expires Junt Hi. 1921.
McConnell elected!
LEGION HEAD HERE; [
PRESENT WALLER CUP
Louis L. Battoy Fast N. 4. Am
erican Legion, held election for of
ficer.' Monday night with the fol
lowing r*Suite:
Bright McConnell, commander.
Winton Armstrong, St. vice-com
ma r.
Bu. ney Hartman, Jr. vloe-cotn
mander.
F.llet Walker, re-elocted treasurer.
Rev. W. A. Reiser, re-clected chap
lain.
Walter Martin, sergeant at arms.
Mrs. Frank 10. Firming, president
if the woman's auxiliary, Was l'rc
ent at the meeting and made a
plendld talk urging for n greater and
more thorougli spirit cf cooperation
between ihc post and the woman’s
auxiliary.
Colonel M. C. Baines gave a talk In
| which ho told of Ills visit to the na-
I ilonal convention of the American
Legion recently held at St. Paul,
Minnesota.
Harry Waller, retiring commander
of Louis L. Eultey Post, was pre
sented with it handsome silver loving
cup iiy Major Abram Levy on behalf
of tile post.
The outlook for the post is bright
and the newly elected offleers will
spare no effort to bring It to the
highest state of efflelency possible.
In this they nre asking for the un
sllnted .support of every member of
the post.
FAMOUS FOOTBALL
COACH IS HERE AS
GUEST OF TY COBB
W. a. Crowell, ot New 1 ork City,
is Mopping over in AUgusta in atteu
dnnee on (lie convention of Interna
tional Electrician*, and will lenvo here
Wednesday night for Lincoln, .Ne
braska, where he goes to referee the
Colcate-NebrasUn football game soon
to lie played. Mr. Crowell has acted
In many of the most prominent ami
leading games between • the biggest
football teams In the country for the
past eighteen yenrs. He r» consider
ed one of the foremost referees In the
United State, and unsotute confidence
Is placed in his efficiency and fair
ness.
Mr. Crowell, so far this year, has
Worked in the following games: Har
vard-Prinoeton ;Army-Yale; Penn.
State-Pittsburg; and University of
California-Pennsylvania.
Mr. Oroweil expressed himself as
highly delighted Pith Augusta and
the people here. "You've got a reai
town hero; and It is probable that 1
Will return for a short Ntriv during
this winter.',' said Mr Crowell. He is
a great admirer of Ty Cobh, and la
visiting Cobh during his stay In Au
gusta His home ts in Philadelphia.
In business he te affiliated with Hie
Crouse-Mlnds Company, of fiyraeuse.
N Y.. and lias charge of ihr traffic
s'gnnls department of this concern.
>U« firm placed the traffic signal
tower, recently installed In Augu,ta.
COTTONSEED OIL
NWW YORK CottonarM oil r!oi#<l
Htvady. Prlma rammer yellow, SIOO,
bid: prlmvj crude, sß.7s(ff-900.
October DVOS
Noveinb#.” 10.5*
December in. 42
.Tumiary in.HI
February ; 10. it)
M«roh 10.60
April 10 60
Mny t 0.76
Sales 17,000.
CALL MONEY
NK WYORK—GaII money, easier:
high. low. ruling rate and closing Mil.
all Bft; nffedui at. 2ft; last loan, 2ft;
call olans against acceptances, 2C ;
time Inane, firm; mixed collateral. 66-
90 days. 2ft#o: 4-6 months. SftfflSft;
prime commercial paper. 3ft.
CHICAGO CASH GRAIN
CHICAGO.- Wheat No. 3 red, 81 80;
No. 2. hard, 81 48ft U 1.40 ft.
Corn, No 2, mixed, $1.1411 to 1.14 ft:
No. 2. yellow, 81.15 to 1 15ft
OHts. No J, wh'te, 53ft to 62ft; Uo,
S, white. 52 to 68.
!t>-e. No. 2. 8131.
PVley. 79 to 94.
Timothy seed. *4 76 to 86 66.
Clover reed sl6 56 to 26 56.
Lard, $15.85; rib., $13.12; bellies,
$16.00.
PRODUCE MARKET
Flour—Hard wheat, 98-lb. cot
ton sacks, bbi 27 75
Flour—Plain, 98-lb. ska., bbl.. 770
Flour—S.-K., ska,, bbl 7.80
Flour—B.-R.. 48-Ib. *k*„ bbis... 7.16
Flour—Beat plain, »8-lb. ski.,
barrel 618
Flour—S.-H., 24-lb. skn., bbl... 7.10
Flour—H.-R., 24-lb. aka., bbl*., 6 55
Hu'kheat, 24-pk*. 355
Grits, 24 2a, per case 1-90
Grits, 12 3s. per case 1-90
Grits, fine and medium. 90s
per sack 2 40
Msal, 96a, per sack 2.50
Meal, 465, per sack 122%
Meal, 245, per sack 65
Klee- Fancy, No. 864 or Nd. lit,
104-lb. aka., lb 06%
Rice, fancy, No. 68 lh .07%
Wesson Cooking Oil, 24 pints.. 5.75
Wesson Cooking Oil, 12-qt. case 8.40
Wesson Oil, 6 1-gal. can*, case. 9.80
Axle Urease, 10c alse, 1-lb., 4
dozen 178
REEDS
Amber Cane, 180-lb. »k* .80
Corn fed (according to alr.t).B ®9
GATTLE MARKET
(Corrected by Augirtn Stock Yards.)
CATTLE.
Common 2 o,2ft
Ordinary 3 Ci 3ft
Good 3 ft 04
Fancy 4ft#6
CALVES.
Common 4 05
Ordinary 6 07
Good 7 di 7ft
Fancy 8 SjSft
DEMOCRATS OF WYOMING
NOMINATE WOMAN
FOR GOVERNOR
OHEYKNIfK. Wyo. Wyoming,
always regarded no a typical west
ern state. Wednesday slowly re
covering from the shock of wit
GOOD DESIGN FOR AVERAGE FAMILY
* -r* : ?■ ■ .s— —' l i -
A successful hou.se Is one In
which every room is as large and
p »* !e 1
, 1 jbp) I
» Dwmc BOOM K I'YTj fS
• u • IMS I KlTcniN
' ’ * “fejr'
| ClAJJltltACl I W»C»
liir—
no larger than It ought to tie, every
u'oom well arrunged with respect
to each othur, uud liie whole being
soundly constructed and of pleas
lag appearance. This tlsgcrlptloA
well tits Hie NKNUCA, the Oriels
house hero shown, which In every
wuy can he truly culled a success
ful house. Its convenient plan is
not the only reason for tills, Its
well thought out exterior aiding
considerably In Hie sail Mud lon ot
owning it. Constructed solidly with
brick, Hint product of the earth
hardened and beautified liy lire. Its
cost was little greater than a more
temporary type of structure, and
for ever after Its upkeep expense
Tbs Common Urirk Manufacturers’ Association, Cleveland, Ohio, can furaiah
Camilla!* drawings for Ibis design. Leslie! on brirk construction sent upon request.
Stale Bureau of Markets
Price* below are those which wholesaler* nr* paying V. O. B. these
consuming centers. To arrive at prices net shippers, deduct freight to
moat favorable point.
Atrta Aug’tn Macon Sav’nah Col’bua
Sweet potatoes, Yel. bulk load
ing, lUO pounds 2 2.25 22 31 1 2.35 2 2.25 22 50
Irish Potatoes, No. 1 new, per
180-lb. sack 365 2.75 2.70 2.75 2.75
Cabbage (green crated) 100 Iba... 1.75 1.75 1.75 2.0il 2.25
Black eye peua, pound .0514 .03% .03% .05% 05%
Brown eye peas, pound 04 .04 .04
Eggs, fretdi candied, dozen..... .37 .37 36 .40 .44
StiigH, pound 21 22 ,22 21 .22
Hens, pound ’.’2 23 .22 .23 .22
Roosters, pound 12% .11% .11 11% .12
Friers and broilers, t to 2 lbs. .25 .26 .25 .31 .30
pound
Ducks, pound .20 .15 .13 .25 .27
Geese, pound 15 .LI .13 .15 .17
Turkeys (hens), pound.. .37% .25 25 25 •
Turkey (toms), pound 27% .25 .25 .25 •
Country butter (best table), lb., .3", 33 .35 35 .37
Country hulter (cooking), pound. .20 .It 20 .25 .34
Ga. cane syrup (Bbl). gal.., 75 75 .70 ,75 ,75
Corn mea). per fi’J-lb sack .... 2 1(0 2.90 260 2.90 290
Corn, No. 2. (white) sacked, bu... 1.41% 114 1 41% 143 1.47%
Oats No. 2 (white) Backed, bu 70% 72 .70% 72% .72% .
I’cavlne hay. ton 12 2.00 22 (H) 21 50 22.30 22 00
♦—No market.
sTONEGa
A BETTER WAY TO
KEEP WARM
If you expect to keep warm this winter
you had better promptly order Admiralty
New River Smokeless, the coal that is
“clean burning”.
Unlike ordinary coal Admiralty is an
easily ignited fuel exceptionally low in
ash and free from clinkers.
A warm house with less care, and at a
lower cost is yours if you specify Admir
alty for this winter’s fuel.
GENERAL COAL COMPANY
Southsrn Sales Office
615-17-19 Johnston Building
CHARLOTTE, N. C.
STOCKS AND
BONDS.
nessing the nomination for gover
nor of a woman, Mrs. Nellie Tay
lor Ross, widow of the late Gov.
William B. Ross, by the democra
tic state convention here Tuesday.
Perhaps the state electorate is
even less surprised than the re
cipient of the honor herself who
late last night had not recovered
sufficiently from her surprise to
enunciate any political policies or
plans other than an often repeated
desire to "carry on" as her husband
had and to announce definitely that
she would not make an active cam
paign.
Paradoxical as Mrs. Ross’ nomi
nation may have seemed to a typi
cal frontier commonwealth, a glance
into Wyoming history makes It
appear a logical sequence of events,
for the territory of Wyoming in
1866 was the first territory or state
in the union to extend the privilege
of the ballot to women.
THE SENECA—DESIGN NO. 1
will be n -,-vlng. It will be noted
that the SENECA is a square type
of house—always the cheapest to
construct, not only on account of
the absence of "Jogs” anti corners
In the walls, but because of the
simplicity of the roof framing. The
Interior layout, too, Is of the kind
that the majority of families llnrt
the most convenient The SEN
ECA Is a good sensible house, thor
oughly well planned, and any fam
ily would enjoy owning and living
In It.
Including basement walls and
chimney tide house requires about
40,000 brick In solid construction,
which at an average cost of about
Slfi.OO per M. would mean an ex-
titfr-MOM H6U MUM I
penditure of $01)0.00 for all the
brick In the entire structure. Ap
ply the local price of hrlck to get
exact cost.
COAL
[COKE,
ELEVEN