Newspaper Page Text
FRIDAY, OCTOBER 24
COTTON AND
GRAIN.
THE WEATHER
(Forecast till 8 a m. tomorrow.)
Augusta and vicinity: Fair and con
tinued cool tonight and Saturday;
light frost tonight.
Georgia; Fair and continued cool
tonight and Saturday, light to heavy
frost in north and central portions to
night.
Weather Conditions,
High pressure continues to domi
nate conditions and the weather re
mains generally fair and cool.
Weather Data.
Highest temperature yesterday 62
degrees; lowest temperature this
morning, 39 degrees.
River stage at 8 a. m., 5.2.
Rise Ip 24 hours ending 8 a. m., .2.
Moon; Rises 3;41 a ni. Saturday.
Relative humidity yesterday: 8 a.
m., 77; 12:30 p. m., 56; 8 p. m., 56.
E. D. E.MIGH.
AUGUSTA COTTON
Spots 22.31
Wednesday 23.00
Last Year. . 30.13
PRICES BY GRADE
Close
Middling fair 23.41
Strict good middling 23.19
Good middling 22.94
Strict middling 22.95
Middling 22 44
Strict low middling 21.44
Low' m ddling 20.44
Strict good middling 19.44
Good ordinary 18.44
O O
1 CLOSING QUOTATIONS ON 1
NEW ORLEANS AND NEW I
| YORK COTTON EXCHANGES |
O —o
The following quotations from New
York and New Orleans were posted
on the Augusta Cotton Exchange
Friday:
NEW YORK
Prev.
Open High T.pw Close close
Jah. . 22.91 22.92 22. CS 22.70 22.92
Mar... 23.21 23.29 22 97 23 an 23.22
Mav... 23.40 23 45 23.17 23.20 23 40
July... 23.10 23.10 22.88 22.88 23.10
Oct... 23 75 23 85 22.61 23.70
Dec... 22.75 22.83 22.56 22.60 22.83
NEW ORLEANS.
Prev.
Open High Low Close rinse
Jan... 22.83 22.87 22.51 22.51 22.75
Mar... 23.07 23.07 22.72 22.72 23.03
May.... 23.20 22.8 S 23.88 23.20
July.... 22.98
Oct . 22.95 22.95 22.64 22.65 22.85
Dec... 22.78 22,79 22.50 22.50 22.71
NEW ORLEANS COTTON
NEW ORLEANS.—The cotton mar
ket opened very steady with first
trades 10 points higher than the pre
vious close. October showed the most
strength advancing to 22.95 on cover
ing by belated shorts. The other
months were influenced by a favor
able Liverpool and heavy frost
throughout the belt with killing frost
in Oklahoma and northwest Texas.
New York reported October notices
for 68,000 bales with more expected.
As it was generally understood ail no
tices would be cared for the market
was not affected. All months eased
off alter the opening call on liquida
tion in advance of the bureau reports
due Saturday. December traded down
to 22.65 and ajnuary 22.68. or six to
seven points below the previous close.
Fall River reported sales of 40,000
pieces of print cloths for the week
against 50,000 the previous week.
Noon bids, steady:
October 22.73
I 'ecember 22.65
January 22.66
■ March 22.90
May 22 07
The market continued to ease off
slowly during the ~rst half of the
morning mainly of expectation of
large ginnings and a larger crop in
dication by the government Saturday
morning. The large October notices
in New York were reported to be cir
culating for a time but are now being
stopped by big spot interests. The
market rallied slightly a little before
noon on the pointer for larger mill
takings for the week, but soon quiet
ed down.
The market ruled very quiet during
the afternoon fluctuating within the
earlier range and near the lows. Un
certainty ns to what the government
report will show Saturday caused a
general disinclination to trade, the
only business being In the way of
evening up of commitments by traders
who have waited until the eleventh
hour. The total of notices issued in
New York Friday was for 72.400 bales.
Total exports for the day, 28,943 bales
and for the Week, 116,155.
NEY ORLEANS SPOTS.
NE WOKLEANB. La.—Ppot cotton,
quiet: 35 points down. Sale* on on
the spot. 148 hales: to arrive. 875. Low
mirlclPng, 20.50: middling 22.50; (rood
middling, 23.00. Receipts, 9,881; stocks,
241,919.
NEW YORK COTTON
NEW YORK. —Heavy final October
notices, reports of light to heavy
frosts in many parts of the south and
relatively steady Liverpool cables
were features of the cotton market
early Friday. Early estimates placed
the notices at about 70,000 bales but
October opened at an advance of ten
points on covering by shorts, selling
up to 23.83, or 15 points above Thurs
day's closing quotations In the first
few minutes.
Later positions were unchanged to
three points lower at the start under
selling probably promoted by a private
crop report estimating the condition
at 55.6 and the indicated yield at 12,•
873.000 bales, the effect of which was
offset partially by the frost news and
prices held fairly steady during the
early trading.
11:45 a. m., bids, steady;
October 22.75
December 22.70
January 22.79
March 23.08
May 23.30
Liquidation of cotton holdings soon
■weakened the market and the price
of October broke to 22 81 before trad
ing In that delivery ended at midday.
This made a net deel'ne of 109 points
but the price rallied slightly In the
last few minutes and th" la«t sale
reported was at 22.90, The October
weakness unsettled later deliveries
but after selling off to 22.62 or about
20 points net lower for December the
mid-day prices steadied up some 10
or 15 points from the lowest.
Trading remained very qtilet
throughout the early afternoon, prices
ruling steady around 22.65 for De
cember or about 14 to 15 points lower
at 2 o'clock.
NEW YORK BPOTB.
NEW YORK.—Cotton, spot, quiet;
middling, 23.35.
LIVERPOOL MARKET
LIVERPOOL—Spot, cotton, limited
demand: prices, steady.
Strictly good middling 14 2(1
Hood middling 13 86
Strictly middling 13 65
Middling 12.45
Strictiv low middling 13 26
Low m'ddllng 12 76
Strictly good ordinary 12 35
Good ordinary 11.75
Sale*. 4.ecn bale*. 2.760 Amerl
can. Receipts. 30,000 bsles. 19,*
800 American.
Futures closed barely steady:
October 16 37
* December 17 07
.Tanuery 13 on
March 13 05
Mar 13 05
.1 *>l v 12 93
Weekly cotton -tatlstlrs'
Tcdal forwarded to m'lls, 67.000
hale a of wt-loh American, -2.000;
• e >•, 364 600, Atree'-nn I*6 OOA; lm
p«-t*. 117 600, Arreriesn, 63 000; ex*
p tr 8 000. Arrerlean. none
=Financial and Commercial News=
Market Opened Steady;
Augusta Spots 22.81
By W. A. LUFBURROW
Market Editor,
There was a general bear move
ment to the cotton market Friday;
probably largely due to the shadow
of report day. The South is report
ed to have sold hedges. The market
was Just bearish and that is nil there
was to it. Why, is the question, but
there comes no answer, not activity
to answer the eternal question. Spot
cotton at Augusta on the close of
tho market was quoted at 22 44, a
decline of 37 points. Very little can
be hoped for until the report has been
gotten out of the way, and the fiend
will depend of the report.
Discussing the cotton situutlon
Springs & Company, of New York,
says:
"Ideal weather conditions through
out the cotton belt, a prolonged In
dian summer spell, have revived the
earlier-in-the-season prospect for a
crop of approximately 13.000,000 bales
and It is almost generally conceded
that the government estimate of the
October IS condition—to be released
next Saturday—will be less than act
ually may be looked for. The gov
ernment's data Is to October IS, while
there has been almost a week addi
tional of remarkably favorable weath
er. It Is expected the government's
flguro will he around 12,650.000 bales.
The crop is being ginned and mar
keted rapidly for the evidence of a
bigger crop than had been looked for
Is deterring the holding of cotton.
"The sluggishness of retail trade In
cotton goods and th emerely seasonnl
expansion of cotton mill operations
have combined to raise the bogey of
20-cent cotton and growers are now
anxious to dispose of their staple on
a business basis at which they would
have sniffed three weeks ago. when
the prospect wfas for little more than
12.000,000 bales and tlie optimists
were talking 30 cents.
‘‘S'ght. however, must not be lost
to the fact that good weather can
not last forever, and that the change
will very probably develop abruptly,
overnight almost. And the first gen
uine cold weather scare will be the
signal for a sharp bulge. If delayed
until after the government figures
are released—and assuming they will
Indicate a crop 100,000 bales or more
abvoe the October 1 figures—the re
sult will probably be little more than
the pummelling of a few short traders,
the weakening of the technical posi
tion. and tlie stimulation of the mar
keting of the actual, this automat
ically creating new pressure against
the market. The Saturday report will
also present the ginning figures to
October 18 and something like 7,000.-
000 bales Is looked for—about 600.000
more than to the same date last
year.
"Trading has been dull and spirit
less. Ths occasional covering of a
short line may bring about an ad
vance of 25 or 30 points, hut It Is fol
lowed by a new drift downward under
the weight of hedge selling and fur
ther professional selling of the mar
ket. The short interest is not easily
expanded, for the buyers are not
there. Mills that showed a willing
ness to buy arouid 23 bents now mani
fest only slight interest at 22 cents,
and such trade buying as is report
ed is mainly of a replacement char
acter, for on October 1 the stocks of
cotton on hand In consuming estab
lishments were equal only to about
five weeks’ supply, and this is a small
surplus. Mills could have purchased
a half million bales this month thus
far without adding greatly to the
stocks on hand. And cotton is com
ing into sight at the rate of three
quarters of a million bales a week.
This Is so much beyond the power of
the trade and the contract markets
to absorb that the market can not be
expected to stand up under Its weight,
particularly with the prospect of the
crop turning out nearer to 13.000.000
than to 12,500.000 bales, without Hnt
ers. which will probably run to 700,-
000 bales.
"Mills, we believe, will buy cotton
on a scale down from 22 cents, hut
will not buy heavily until there are
Indications of a genuine improvement
in demand from goods distributors.
The whole tendency in the cotton
goods business is towards a hand-to
mouth buying plan and the old-time
methods, which provided the mills
with an Index of probable require
ments for months ahead, Is probably
gone for good. Merchants no longer
stock up for a long reason. The Im
provement in delivery methods makes
It poss'ble for the merchants to tele
phone his order one day and get mo
tor truck delivery the next. As a re
sult, he keeps figuratively only a ynrd
or two ahead of his customer and the
Jobber keeps only a bolt or two ahead
of the merchant. Unless, therefore,
there are substantial sign* of a sus
tained movement of good* Into con
sumptive channel* the mills have no
Incentive to protect their spinning
requirements any great distance
ahead.
"We expect a trading market to
continue with occasional sharp up
turns in response to weather develop
ments that may promise to bring the
season to an abrupt close. On sub
stantial recessions we would, there
fore, suggest the purchase of the win
ter an dearly spring options for a
profit on the rallies but would not as
yet suggest the taking of a position
for a pull."
ATLANTA FEDERAL BANK
RESOmCM.
OoM with r R agent f12f.024.970.00
Gold redemption fund with U. 0.
Treasury 1532.9A5.10
Gold held Mclusltely against F
R. note* fU1.377.8M59
Gold eettlereeut fund with 7. R.
Heard 12.5».871.86
Gold and icld certificate* held br
Lank 7,947.10150
Total fold reßßrre* H32,fMMS9 75
lUi*rres other than gold 8.341,901 CO
Total re*erret .f16f1.591.742 7.1
Non-reserve cash 1,814,501.49
Bill* discounted:
Secur edby U. 8. government obli
gations 2.979,229 93
Other hill* discounted 22.650.959.77
Total bill* discount*! | M.MO.O*** 70
Bills bought In op**n market.,,... 8,512.509.06
U. 0. goremment securities:
Bond? 1.2*8.50 00
Treasury notes 1,892,500.00
Certificates at lndebtednew ..... 555.500.00
Total V. 0- Government seeurl
tic* $ 5216.550.00
Total earning assets 54.159 S 0» 70
I ncolierted Items 29,205 4*7.80
Hank premises 2.*74,700.77
All other re ourrea 2.010,445 98
Total resource* 5252,456,253 61
LIARIUTTK't
F R note* In actual ctrcuta'lon. 9155.527,085 CO
Deposits:
Member bank—
Rwerro account ...151.961.652 47 •
Government 1.761.476 52
Other
Total der-sIU t 6M94.81* ll
Deferred sral aMlfty Items ..... 21 55V96 77
Tspital paid in 4,l'd,*W* 06
Hu plus *.9"fC,309. 14
All other llabHlties 1 166,841.49
Total Jlabliltlr* 5252.456,255 61
Ratio of 'otal to deposit and F. R
rot# liabilities et.mb'r.e*!, 81.7 p-r rent
ront.orent liability on MMs purchased for for-,
eign corre pondent*. 1916,607 50.
HOPPE STILL LEADS
CHICAGO —The concluding
Mocks of the 400-point three-cush
lon billiards match between Willie
Hoppe, 18 2 balk line champion, and
Augio Kk-ckhcfer, former three,
cushion champion, were l»ft for
pjay Friday. As a result of the pre
vlotts hlocka Hoppe led, 3<>o to 108.
Thursday'a acores were 50 lo 45 In
62 Innlnga and 50 to 85 In 60 In-
The task of scoring 202 points to
Hoppe's 100 Is considered impossible
for Kl.ckhefer Friday. They are
playing for a purse of 58,900 and a
side nTt of 51,000
THE COTTON MARKET
BROKE 60 POINTS FRIDAY |
v I
NEW YORK.—October cotton broke
SO points Friday morning to 22.90 un
der selling due to the issuance of no
tices for the delivery of about 70,000
bales on October contracts. So far
this month approximately 140,000 bales
have arrived in New York for deliv
ery and the local stock of 193,000 bales
. Is now tho third largest In the coun
try.
CHICAGO GRAIN MARKET
CHICAGO. Ill—Moderate new de
clines in the price of wheat took place
Friday during the early dealings. The
I opening, which varied from 44c lower
! to an equal advance was followed by
a general setback to about one cent
under Thursday’s finish but then by
a goo<s rally.
I Corn and oats were eased down by
• wheat weakness and by fine weath
er. After opening unchanged to %o
| lower corn underwent a fractional
sag all around and then recovered
somewhat.
Oats started at He to %c off and
later declined a little more.
Provisions were without support,
' despite an upturn in hogs values.
! Wheat closed heavy l%c to 344 c
net lower.
Corn closed unsettled )i»c to 3%c
net lower,
j WHEAT—
Open High Low Closs
Dec .... 144% 14i 141%, 141%
i May 148% 149% 146 146
July .... J 31% 131%. 130% 130%
CORN—
Dec .... 104% 10544 101% 10144
Mny 107*4 108 104% 104%
July .... 10SV4 10844 105% 105%
OATS—
Dec 51 5144 48% 48%
Mny 55% 55 44 52% 5344
July 63% 53% 50% 50%
RLE-
Dee .... 129% 120% 125% 125%
May .... 130% 13044 126 126%
July 113% 113%
LARD—
Nov 1520 1525 1500 1500
Jan .... 1397 1400 1342 ,1355
RIBS—
Nov .... —— 1270
BELLIES—
Jan ... 1230
Nov 1405 1405 1387 1387
Jan 1262
CHICAGO CASH GRAIN
CHICAGO, 111.—Wheat No. 3. red,
$1.37%: No. 2, hard. $1.41%01.42%.
Corn. No. 2. mixed. $1.04X01.05%;
No. 2, yellow. $1.04% @1.06.
Oats. No. 2. white, 48 44 @49%c; No.
3, white. 46i'@47%c.
Rye. No. ?. 31.2501.26%.
Barley. 78@91c.
Timothy seed, 84.75876.50.
Clover seed. $18.00029.00.
Lard, $16.00. itlbs, $13.50. Bellies.
$14.87.
DAIRY MARKET
NEW YORK BUTTER. EGG AND
CHEESE RECEIPTB.
NEW YORK.—Butter, firm; cream
ery. firsts, 35@37%c.
Eggs, firm; firsts, 38%@39%e.
Cheese, steady.
Live poultry, irregular; chickens, by
express, 25@26c; fowls, by freight,
20@S$c; roosters, by freight, 16c; tur
keys, by express, 32@40c. Dressed
poultry, firm and unchanged.
CHICAGO BUTTER. EGG AND
POULTRY RECEIPTS.
CHICAGO. —Butter, higher; cream
ery. firsts. 30%@32c.
1 Eggs, unchanged.
Poultry, alive, lower; fowls, 160-
21%e; springs, 21c; roogters, 15c; tur
keys, 25e.
NAVAL STORES
savannah naval stores.
SAVANNAH. Ga—Turpentine, firm.
80%0. Sales, ILG; receipts, 389; ship
ments. 668; stocks. 12.499.
Rosin, firm. Sales, 969; receipts,
1,258; shipments. 7,430; stocks. 98,717.
I Quote: BEEF O H»I K M J6.SE;
| N. $6.45: window glass, $7.15; water
white, $7.70; X. $7.89.
LIVESTOCK MARKET
ATLANTA CATTLE AND HOG
RECEIPTS.
ATLANTA. Ga—Cattle: Receipts.
I 190, steady; beef cows and light
stoers. $3.00@4.25; canners and cut
ters. $2.U0@2.’50: other classes, scarce.
Hogs: Receipts, 600, steady; 160
pounds, up Quotable, $10.50011.00; 130
0169 pounds. $9.00® 10.00; 130 pounds,
down, $8.2509.00.
CHICAGO CATTLE, SHEEP AND
HOG RECEIPTS.
CHICAGO, 111.—Hogs: Receipts. 28.-
000. strong to 10c higher; bulk good
! and choice 180'd350-pound averages,
largely $9.65010.45; 1400170-pound,
$8 2509.40; bulk packing sows, $9.00-
@9.30; pigs, largely, $7.50@8.00. 7
Cattle: Receipts, 5,000; fed steers
i run, generally plain; all classe and
; grades, around steady; weighty steers,
averaging around 1,450 pounds, $10.55;
bulk fat native steers, $7.50@9.00;
l'ght helfe.rs and lower grade cows,
fairly active; bulk bologna bulls, $4-
@4.25; veal calves, scarce; Stockers
and feeders, slow.
Sheep: Receipts, 18,000; fat native
lambs, weak to 25e lower; undertone,
weak; bulk desirable natives, $13.60-
@l3 75; rangers undertone weak; bulk
desirable natives, $13.50013.75; rang
ers. held at $14.00; beat bid early,
$13.75.
FOREIGN EXCHANGE
NEW YORK— Foreign exchanges,
easier. Quotations In cents:
Great Britain, demand, 4 49; cable*,
4.49%; 60-lday bills on hanks. 4.46%.
France, demand. 5.21: cables. 5 21%.
Italy, demand 4.33; rabies, 4.33%.
Belgium, demand 4.79%: cables. 4 80
fkrmany, demand, per trillion, 23%.
Holland, demand 39 26.
Norway, demand, 14 23.
Sweden, demand 26.60.
Denmark, demand, 17.14.
Switzerland, demand, 19.23.
Spain, demand 13.44.
Clr-ere, demand 1.73%.
Poland, demand, .19%.
Cseeho-Rlovakla, demand 2 98%.
Jtißo-SlSavla, demand 1.43%.
Austria, demand. .0014%.
Ruman'a, demand .56%
Argentina, demand. 26.75.
Brazil, demand, 11 26.
Tokto, demand, 88%.
Montreal, demand, 1 no.
State Bureau of Markets
Price* below are those which w holesakrs are paying F. O. B. the**
consuming centers. To arrive at prlcea net shippers, deduct freight to
most favorable point.
Atl'ta Aiig'ta Macon Sav'nah Col'bua
Sweet potatoes, Ysl. bulk load
ing. 100 pounds 5 2.00 2.25 «# 25 8 2.25 82 30
Irish Potatoes, No. 1 new, per
lfi<l-lb. sack 250 260 2 65 2.00 2.65
Cabbage (green crated) 100 lbs... 1 73 1.76 1.75 B.no 2.25
Black ey* pcaa, pound 054 .0314 .05 Vi .05Vi ,0514
Brown eye p»as, pound .04 —— • —— .04 .04
Eggs, fresh candled, dosen .37 .37 .36 .40 .44
Stag.-, pound 21 .22 .22 .22 .22
Hena. pound ..a,,.,,,..,.. .22 2 .22 .25 .22
Roostera. pound 114 .llI,* 1 ,* .11 .11 .12
Friers and broilera, 1 to 2 lbs.
pound 25 .26 .23 , .81 .80
Ducks, pour.d .20 .15 .13 .26 .27
Cleese, pound -15 .13 .12 ,12'/i .17
Turkeys (hens), pound .274 .25 .23 .25 •— —
Turkey (toms), pound 274 .23 .25 .25 •———
Country butter (be.<t table), lb., .35 33 .35 .32 .87
Country butter (cook'ng). pound. .20 .21 .20 .25 .34
Oa. can* syrup (llbl.). gel .75 .75 70 .75 .75
Corn meal, per 63-lb. sack .... 2.85 29' 280 2.90 290
Com. No. 2. (white) sacked, bu... 1.434 1 444 1-434 146 1 (74
Oats No. 2 (wh'te) sacked, bu .714 .78 .714 -73 4 72
Peavlne hay. ton 122.00 22 00 II.It 22 vt 27 00
•—No market
THE AUGUSTA HERALD. AUGUSTA, GA.
N. Y. STOCK MARKET
NEW Y6RK.—Stocksprlces display
ed a strong tone at tlie opening of
Friday's market which was featured
by the heavy accumulation of a se
lected list of copper, oil and motor
shares. American smelting climbed
1% points to a record 192* high at
79% and Maxwell Motors A and B,
touched new peak prices at 66% ami
21%, respectively. Nash Motors and
United States Cast Iron Pipe ad
vanced two and 1% points, respec
tively.
.The upward muvemont assumed
bronu r proportions ns trading pro
gressed with tlie best buying in the
industrials and specialties. Nash Mo
tors extended Its early gain to 3%
points and General Electric to two.
Fk-schmann auvaneed two points to
a new peak ah 75%. Other stocks tp
sell a point or more above Thursday's
clesing quotations were Baldwin, Fa
mous Players. Central Leather pre
ferred. Mack Truck, Rutland preferr
ed, Texas tk I’aeltlc and New York
Airbrake A, the last named at a new
years high. One of the interesting
features of the railroad group was
the demand for the ordinarily inactive
Atlanta, Birmingham & Atlantic,
which advanced % to 2% on rumors
of Its merger with the Seaboard Air
Line.
Foreign exchanges opened steady.
Crucible Steel. American Woolen
and a sprinkling of minor stocks were
heavy in the early afternoon but the
the usual leaders crept steadily ahead
on increased dealings. United States
Steel crossed 108, United States Cast
Iron Pipe touched 115% and Mack
Truck and American Can, brought 110
and 132, respectively. Reading. White
Motors and Cuba Can Sugar preferr
ed. sold two to 2% points higher.
The closing was firm.
Sales approximated 950,000.
NEW YORK STOCK LIST.
Closs
Allied Chemical and Dye 71%
American Can 132%
American Car and Foundry 164
American International 28
American Locomotive 79%
American Smelting und Refg... 78%
American Sugar . 89%
American Tel and Tel 127%
American Tobacco 161%
American Woolen 53%
Am Zlne, Lead sad 5me1t....... 8%
Anaconda Copper 36%
Atchison 106%
Atlantic Coast Line 135
Baldwin Locomotive 118%
Baltimore and Ohio 61%
Bethlehem Steel 40
California Petroleum 22%
Canadian Pacific 168%
Central Leather 16
Cerro de Pasco 45%
Chandler Motors 32%
Chesapeake and Ohio 83%
Chicago and Northwestern 60%
Chi, MU and St Paul pfd 20%
Chicago. It I and Pac 33%
Chile Copper 82%
Coca-Cola 76%
Colorado Fuel and Iron 39
Cogoleum 41%
Consolidated Gas 70%
Corn Product!,, new 37%
Cosden OU it
Crucible Steel 54
Cuba Cane Sugar pfd 50%
Davison Chemical 46%
DuPont de Nemours 128%
Erie 28C
Famous Players-Lasky 83%
General Aspha't 41%
General Electric 253 %
General Motors 67%
Great Northern pfd 61%
Gulf States Steel 69%
Houston Oil 70
Illinois Central 108%
International Harvester 91%
Int Mer Marine pfd 37%
Int Tel and Tel 82%
Invincible Oil 11%
Kelly-Springfleld Tire 16
Kenneeott Copper 46%
Louisville nod Nashville 98
Mack Truck 100%
Marland Oil 35%
Maxwell Motors A 67%
Middle States Oil . 1%
Missouri, Kan and Tex 15%
Missouri Pacific pfd 57%
National Lead 154%
New Orleans, Tex and Mex 107%
New York Central 107%
N Y. N H and Hartford 25
Norfolk and Westeffn 125%
Northern Pacific 63%
Pacific Oil 51%
Pnn-Am Petroleum B 61%
Producers nnd Refiners 27
Pure Oil ! 23%
Reading 62%
Republic Iron nnd Steel.... 43%
Reynolds Tobacco B 75%
Seaboard Air Line 16%
Sears-Roebuck 109%
Sloss-Sbcffleld Steel and 1r0n... 68%
Southern Pacific 94
Southern Railway 65%
Southern Railway pfd 77%
Standard Oil of Cal 68%
Standard Oil of N J 36%
Studcbaker Corporation 39
Texas Company 41</.
Texas and Pacific 36Z
Tobacco Products 64%
Transcontinental Oil 4%
Union Pacific 139%
United Drug 95%
IT S Cast Iron Pipe 116
■IT S Ind Acl 73
IT S Rubber 32%
IT S Steel pi 7%
Utah Copper 81%
Westlnghouse Electric 62%
Wlllys-Overland 8
Woolworth 109%
Hudson Motors 27%
CALL MONEY
NEW YORK.—CaI! money, steady;
high, low, ruling rate and closing
bid. all. 2; offered at 2%; last loan,
i 2: call loans against acceptances,
1%. Time loans, steady: mixed col
lateral. %0-90 days, 2%W3: foul-six
months 3% 03%; Jrlme commercial
paper, 303%.
LIBERTY BONDS
NEW YORK.—United States gov
ernmeiit bonds closed:
Liberty 3%'* $lOl.B
First 4'e hid 102.10
Second 4'g bid 101.15
First 4% ’ 102 16
Second 4 V.'» 101 22
Third 4%’s 102.10
Fourth 4VC* 102 21
Treasury 4%’* 106 21
St. Louis Cash Grain
ST. LOUIS—Cash wheat, No 2.
red. $1.5101.57; No. $, red, $1,500-
1 53.
Corn. No. 2 white, $t.03%01 04; No.
2, yellow. $1.05.
Oats .No. 3. white, 48049 c; No. 4.
white, 48c.
Chicago Potato Market
rmrAOO. in—Pot«to*«, <w»rly trad-
Ir.f*. modrrnt#: market firm Mlnm
xota nnd North Dakota, narked Her!
River Ohio*. 1.05; Sooth Dakota
melted early Ohio's* 7. r .«ft£r,r; North
Dakota, hulk Rlvnr. Me; Min
naaota and Wlfwmtln, round
whiten, MfVMr; Wlnronnln, hulk round
whltnn. 7507 Me.
“The German Loan and
Business”—Babson
BABSON PARK, Mass —An annly- ,
sis Is being made at Babson Park of
tho subscriptions to the new German
loan; who they are from, what sec- j
tions of the country are providing i
the money, and the interest, which j
is being shown by Investors every- j
Where. That the loan has boon a
huge success is, of course, common
knowledge; but It has not yet been
fully reullsed what this successful
flotation means. In an exclusive In
terview today ltog, i- W. Babson muue
the following statement:
"So many comments have been i
made regarding the security nnd
yield of the new German bonds that
I need not discuss tills phase of tho
question. Personally, l am hopeful
regarding European bonds only on
the assumption that there Is to be
general disarmament In Europe. Eu
rope has money enough either to
make good Its indebtedness or to
maintain large ariilles. Whether or
not it has sufficient funds to do both,
only the future can tell. I sincerely
trust that the League of Nations will
develop some plan which will enable ;
Europe to safely disarm. Then there ,
will be no question regarding Euro- j
penn bonds and tlie present German I
bonds should sell at a handsome '
premium. The fact that Europe has
not disarmed Is why Germany and
these other countries are obliged to
pay such a high rate of Interest for
their money. Moreover, the banka
who have subscribed to these Issues
so generously hnvo probably done so
In anticipation that some such dis
armament plan will be successfully
worked out. Irrespective, however,
of. the question of the future market
price of tho securities two facts are
self-evident;
"(1) —The flotation of this loan In
America and Europe miuus that
arteries of trade, which have been
clogged the past ten years, are today
being opened. It is true that peace
was theoretically declared when the
Treaty of Versailles was signed. The
signing of treaties, however, does not
mean peace. The world is ruled by
feelings rnther than by treaties. Up
until a few weeks ago there was al
most ns much bitterness between Ger
many and Prance as there was when
the Armlst'ce was signed. In a gen
eral way this applies to nil countries,
including the United States. Up to
lifSt week It was not good form even
in the United Staten and Canada to
do much business with Germany. The
manufacturer or merenunt who did
business with Germany wna looked
upon by many people ns a 'scab' Is
looked upon by members of n labor
union. Today this la changed. The
fact that the best bankers In the
United States, Canada, England.
France and other countrlea have sub
scribed to this loan shows thnt a
great change In the situation haa
taken place. Certainly General Dawes
nnd hln associates lire entitled to n
tremendous amount of eredlt for their
constructive part In thin Important
development.
"(2) —The opening up of these
arteries of finance and commerce
brings a real benefit to many sections
of this country. Probably the first
section to benefit will bo the South
Germany Is bound to Import more
cotton during the next twelve months
than she ha* during any twelve
months of the last ten years. With
the good coton crop wrlch the South
la having and the good prices which
she Is to receive, all the cotton Mates
should distinctly benefit by the suc
cessful flotation of this German loan.
The copper interests should also ben
efit somewhat. Although the con
sumption of copper is steadily In
creasing, with tho tremendous ore
bodies now being developed In Kouth
America and Africa. tlie price has
, been kept down to ths detriment of
| American mines. Germany will now
| come Into the market for copper nnd
j European consumption In general
should lie stimulated thereby. Tills
means Increased prosperity for Utah.
Nevada. Arizona, and possibly even
the Lake districts. All sections de
pending upon copper should be helped
by this German loan. Although the
price of wheat has turned recently,
t'v sag would have been far more had
V s German loan been a failure. With
toe great amount of wheat being
rushed to market and the huge crop,
It Is surprising that the price has not
broken more. Tho successful flo
tation of tlie German loan should In
crease foreign demand nnd Increase
exports nnd thua distinctly help the
grain situation. This especially ap
plies to Canada which Is destined to
SUCCESSFUL CANNING
■*7" and Girl*’ Canals* Clab Trass, Wsahtrssw (.oust 7, Mlehlgss.
Ass Arker Gsrdas (Ist.
By BERT BAM.
[National Crop Improvement Sendee.)
older generation banned by
A guess. They seldom knew why
they did anything excepting that
they hod learned that certain meth
ods would keep and others would
spoil. The members of the Boys
und Girls' club are learning canning
on a more scientific basis. _ First
they learn thnt all the bncterla,
yeasts and .molds present In the
food and In the can niUHt be de
stroyed before the can Is sealed.
This means that only fresh, perfect
foods must be selected and thut
fll Did You Ever Dig Pott Holet?
£V) I I if , (National Crop Improvement Berries.]
Mb' I/ 'I '•f'i'i.O Hr BERT MAM.
'film li 1 A ' I 11 1 T» HE contrast between the old
4, U yt ■/ / \J. I K fJi I and the new method of furm
-IyM Wp IJI 1/ 1 1 f I ing was never more forcibly
I JI I R2L /'(■ < Ull; illustrated than In the eetttng of
LEBui/flk «sak!b /.% V fence poats. The modern formes
if** i 'JI Ml can net five or six steel post*
»s,„ (||( ■ (jl, ffs, -jg.l whip, the old fashioned farmer Ij
digging a post hole for one. A
sine insulated pust will last kn
deftnitsty
become tho world's greatest factor In
tho production of wheat.
“One should not close a comment
on the Oerpiun loan without reference
to the men behind It. As I have
often etuted before. It Is nun who
make prosperity; not money or ma
terials or not even natural resources.
The men behind this movement are
the finest men Hint the world pro
duces. 1 have tho honor to tie per
sonally acquainted with Mr. Owen I).
Young who has bad general charge of
the Reparations Readjustment in Eu
rope during the past few months. Mr.
Young was a Boston mnn. a law part
nor of Mr. Charles H. Tyler. He
then went to New York anil Is now
chairman of the Board of Directors
of the General Electric Compnny.
Also. It was his Initiative thnt form
ed the Radio Corporation of America,
and a number of other very Important
nnd fnr-renching developments. Mr.
Young Is n mnn of great ability and
combines Uiosa two qualltlea of con
servatism and vision In a moat won
derful manner. I might also com
ment on General Dawes, Mr Robin
aon, Mr. Gilbert and other men con
nected with this work. The fact thnt
they are now Interested in bringing
about of a renl friendly feeling be
tween the European countries, which
for years have been fighting, la of It
self a tremendous thing Today's
lma'ness ns Indicated on the. Uniterm
chart I* 7 per cent below normal For
the first time for many months t am
willing to forecast that tills will
climb upward before long.”
. CATTLE MARKET
vr
(Corrected by Augusta Stock Yarda.)
CATTLE.
Common 2 @2%
Ordinary 3 @3%
Good 3% @4
Fancy 4%@5
CALVES.
Common 4 @5
Ordinary 6 @7
Good 7 @7%
Fancy S 08%
COTTONSEED^oiL
NISW YORK.—Cottonseed oil closed
steady:
Prime summer yellow bid..slo.Bo
Prime crude, nomine).
January in. 42
February 10
March 10. M
April Ift.M
Mny 10.75
October 11.00
November Ift.f»o
December 10.SG
Sales 11,400.
PRODUCE MARKET
Flour—Hard wheat. 98-lb. cot
ton sacks, bid $7.75
Flour—Plain, 98-lb. ska., bbl.. 7.70
i Flour—S.-It., sks.. bbl. 7.80
Flour—S.-R., 48-lb. sks.. bbls... 7.15
Flour—Best plain, 98-lb. aks.,
barrel 6.75
Flour—H.-R., 24-lb. sks.. bbl... 7.10
Flour—S.-R., 24-lb. eks.. bbls.. 6.55
Iluckheat. 24-pkg. cans ,255
Grits. 24 2s. per case 1.90
Grits, 12 3s. per cose 1.90
Grits, fine and mrdlum, 9Ga
per sack 2.40
Meal. 965. per sack 2 50
Meal. 48», per sack 1.22%
Meal. 245. per sack 65
Rice—Fancy, No 864 or Nd. 113.
100-ID. sks., lb 06%
Rice, fancy. No. 68. lb 07%
Wesson Cooking Oil, 24 pints.. 5.76
Wesson Cooking Oil, 12-qt. rare 5 49
Wesson Oil, 6 l-gnl. cans. case. 9.80
Axle Grease. 10c size, 1 -lb., 4
dozen 3 75
SEEDS.
Atnber Cane, 150-lb. ska $0
FOR SALE—Miscellaneous
FOR SALE: ONE BICYCLE, NEW
tires, perfect repair, $17.50 cash for
quick sale. Can he seen at 1638' Broad
alrect. <>SO
' CARD OF THANKS ~
MR. FLQYJD AND ROBISRT ÜBRY,
ij?K. f). A. Fa flow and Mr« William
Dclk ncldiowlcrigu With grateful ap
preciation the numfrnutt klndncareß
rendered by their friend*, nnd for
tho many beautiful floral offerings,
the tendered expression* of con
dolence *nd sympathy during their
recent bereavement caused by the
death of their mother, MRS. NAN
NIK PULU7M ITBUY. o2i
everything must be boiled—the cans,
the gibber, the tops, the atignr of
water to fill the cans and the food
Itself.
After the enn Is seuled, It must
be ulr-tlght so thut no new (g-ganlstn
can enter. 'There Is a ve/y Inter
esting Illustrated bulletin prepared
by Abby L. Marlatt nnd Bernice
Dodge, Issued ns C'lrculur 17H from
the University of Wisconsin,” snys
Mr. Dennis A. Merrlman, American
Steel & Wire company, “which ought
to ho In the hands of every house
keeper.”
LEGAL NOTICES
ADVERTISEMENT,
Pursuant to thu authority contain
ed In an order of the Superior Court
of Richmond County, Georgia, and
tha Judge thereof, dated October 4th,
1921, and now of file In the Office of
I tlie Clerk of said Court. T. R. Uen
, nett. Superintendent of Banks of the
| state of Georgia, for nnd on behalf
of Merchants Bank, will offer for sale
1 at the usual place und time for ho]d
; ing Sheriff's sales of said County of
Richmond on the first Tuesday in No
vember. 1924. the following described
; property on the terms and conditions
hereinafter Sot forth:
“EXHIBIT A"
MERCHANTS BANK BUILDING.
All that lot of land in the City of
Augusta. County of Richmond, and
State of Georgia, on tho north side of
Broad Street between Eighth and
Ninth Streets, fronting on Broad
Street twenty-seven and six-tenths
127.6) fret, more or leas, nnd running
back of equal width a depth of one
hundred seventy-five (175) feet, more
or less, to the back store of the
building known as Warren Block No.
t: said lot being known as No. 19 on
the last map of Augusta made. by
Wm. Phillips and bounded North by
said warehouse of Warren Block;
Fast by property of the estate of
Roswell O. Lombard, occupied by the
Mndjrska Theatre; South hy Broad
Street: and West by lot of the Na
tional Exchange Bank; the lot hereby
j described being known as Street No.
821. together with vault and con
tents nnd all fixtures of every kind.
Present occupant: Liquidating
Agents.
Insurance carried: $42,600.60.
Assessment: County $20,000.00, City,
$24,000.00.
AUGUSTA WAGON WORKS.
All thnt trnct and purcel of land
with all Improvements thereon, sit
uated In the City of Augusta, County
of Richmond, nnd State of Georg a,
at the Northwest corner of Ellla and
Sixth Streets, having a front on Ellis |
Street of one hundred fifty-seven
(157) feet ten (10) inches, more or
less, extending from Sixth Street to
an alley, and having a front on Sixth
Street of eighty-five (85) feet, more ]
or less, extending from Fills Street to i
an alley, and hounded as follows: I
North nml West by alleyways; South :
tiy Ellis Street, and East by Sixth
Street: tho right of common Use of
s*M alleyways wtlh the owners of
other properties abutting thereon Is
likewise Included.
Present occupants: E. J. Evans and
D. E. Mtilray.
Rent; $150.00 per month up to Octo
ber 1, 1925.
Insurance carried: $15.000 00.
Assessment: County $10,750.00, City
$13,000.00
AUDREY HILL WAREHOUSE.
All that lot or parcel of land with
Improvements thereon situate, lying,
nnd being in the State of Georgia
County of Richmond and City of Au
gusta. between Walker and Fenwick
Streets, having a front on Mclntosh,
or Seventh Street, of one hundred ten
(1 to) feet six (6) inches, more or
lies, bounded on tho North hy lot of
Carr-Lea Grocery Company; East and
Southeast hy the track of South Caro
lina Dnd Georgln Railroad Company,
now occupied by the Southern Rail
way Company, as lessei; South hy lot
of the South Carolina and Georgia
Railroad Company, now occupied by
the Southern Railway, aa lessee; nnd
West by Mclntosh Street.
This property is subject to the fol
lowing :
Tlie rights of the City Council of
Augusta ns set forth In a certnin con
tract between anid City Council nnd
rani Mustln. dated November 8. 1893,
nnd recorded In the Office of tho
Clerk of the Superior Court of Rich
mond County In Hook 4 P's, pace 306.
relntlng to the extension and opening
of Watkins Street.
Also to a trust mortgage or deed
executed by Audley Hill to Wm. E.
Bush and Alfred M. Battey, ns Trus
tees for bondholders, dated October
15, 1920. recorded In the Office of the
Clerk of the Superior Court of Rich
mond County to secure an Issue of
principal and Interest on $15,000.00 of
bonds, which Indebtedness Is now re
duced to eleven thousand and 60.100
($11,600.06) dollars, principal and in
terest. The e.qully above such bond
ed Indebtedness alone will be sold.
Said bonds mature at the rate of
one thousand yi.ooo oo) dollars per
annum and bear Interest at 1>
per annum. Th# next bond mature#
October 15, 1925. «
Also to a lease contract with 1,.
M. Carpenter, ns lessee, to October 1,
1925. at $160.60 per month, with the
option on the part of said lessee to
purchase the fee of said property, ex
cept the contingent right of the City
Council of Augusta above described,
at any time prior to raid October 1,
1925, at nnd for the sum of tw’entv
fivc thousand ($25,000.00) dollars In
cash.
Insurance carried: 97.500 00 tornado.
$1,200.00 rents, $25,000.00 fire.
Assessment*: County $9.560 00, city
$10,500.00.
D. NACHMAN WARKHOtTHE
Those twelve (12) lota of land, with
Improvements thereon, situated in
that part of the city of Augusta, for
merly known nk the Vlllnge of llnrrl
smivllle, Richmond County. Gcr rgin,
known Ond designated as lota four
teen (14). fifteen (15). elxteen (16),
seventeen (17). eighteen (18). nine
teen (19). twenty *2O). twenty-one
(2>i twenty-two (23i. twenty-three
(2.1), twenty-four (24). end twenty,
five (25) on plat of lots made by A.
II McCsrroll recorded In the Clerk’s
Office of the Superior Court of Rich
mond Countv, Georgia, ’n Rook 4 B’s.
page 497: each of Bald lots fronting
on Augusta Avenue thirty.eight and
71 100 (37 71) feet, exernf lot four
teen (14). which fronts on said A-e
--nue thirty-eight nnd 70 100 (88.70)
feet, and all running back of equal
width a distance of one hundred nnd
flftv (186) feet end hounded es a
whole. North by lot thirteen (13) on
said plat; East hy Augusta Avenue:
Kouth bv l«nd now or formerly of
Mrs. John K. Jackson, and West bv
a street or alley not named on aald
plat.
field lot contains a rotten ware
house, and 'ncliided In fhls description
Is all machinery In the way of elec
tric generators, cotton press, air draft
distribution plant and other person
alty of everv kind used In connection
with the buildings on »sld lend,
whether or not permanently attached
thereto.
Rresent oeeunant: TV Nachman
Rent: $75 00 per month on a monthly
heels
In suranee carried* *11.756 06,
Assr-emrnt: County $4,266.66. City
$5,006 66
MARY w T’'»»’cpf, A KE
T'T'OTM.'TtTy.
Th* ftnulfv of Mcrrb'mf* Pnnk »m
--*»r no h*tw»#n 't arA
V»nr W Tfmbc rink* cf'*i"l %inrrfi 4.
I*ll TPrnr/u*ri In Mi* flfffc* of tb*
H*rk of t*** RitrArfor rv»urt in Hank
7*. npff# ??« nnd 777 to »If »m«oM
nortloni of th#» property dcacrlbad In
wM errf*»»>ient
TTfwrunff<9 niv* not fmn^oi»e4
A» , «e«»ment: . County $1 .BOA 00. city
f ? oon on
KaM r>ron#rM#*»» wilt b* for
p't* 1r» nn't eoM mncrnM*iv
to fbo toroid *m] of tb<*
to which may he eummarlred nn fol
low*:
The fwr/*crf»il t»M4*r •hall bo re.
nul**M ft fb» flrr’OkOf fiirh «nlf to A*.
poult with mM n*nn*tt'a TJmiMntlnr
Assent 10 por cent of the amount of
eurb bid either In on eh or certified
check Ntjch ruccemfuf bidder ehell
he nflowed ten Any* to bnve the title
to etioh property esrsm'neif tnd, If
ettrh title he foitnd Affective, miiv
dlmfflrm filch bM and receive buck
mid denoejt S'eld flennett mint re
port berk to the Court find .fndre
efore**iA the rernlte of the nubile* *al*
and mid Cop**t reserve* the rlcht to
accept or nnv or ell of mid
bide In the event of acceptance,
the bet*nee dt|e *hf!l 1e pftveble lm
m*df*fl*v upon the tender of e nrener
eonveveriee In the event of rctee
t*en by »**d Co"**t the AenoMt here
tofore mad* • v. if be et once return
ed end no bidder *bolJ acquire nnv
r’eht*. *c/»!r**r «<«m pennett nr env
o 4 her pe»»op beeotyee of *»irh rejec
tion The nttreboeer "ball onv for
revenii* etemn* end nfenaf* *t| A**d*:
tev,*. fn*»frnn-e end rent* will be
p- rs the Aat* of rnmt’V
tlon of Rnv ret'. For n r!r*ht to in
spect the premise* or further details.
FIFTEEN
STOCKS AND
BONDS.
inquiry should be addressed to one of
the undersigned.
T R. BENNETT.
Superintendent of Banks, Atlanta, Ga.
B. F. STULB,
Asst. Liquidating Agent, Augusta. Ga.
HULL,, BARRETT & WILLINGHAM
Attorneys for Superintendent of
Banks, Augusta, Ga. 0!0,2i
SECRETARY WALLACE
IS CRITICALLY ILL
AFTER OPERATION
WASHINGTON—Secretary of
tho agricultural department, haa
suffered further complication from
the operation ha underwent last
week for the removal of hia ap
pendix and gall bladder and hi*
condition it reported as serious.
Toxemia resulting from an in
fection of the intestine* has set in.
and Dr. John M. T. Finney, of
Johns Hopkins University, was call
ed Friday for consultation.
“SCHOOL DAY"
At Sanderßville Fair. Queen
Is Crowned
SANDERSVILLE, Ga.—Friday Is
nohool (lay at tho Washington Coun
ty Fair. Every school In the coun
ty closed Friday and trucks and
fiutOH began arriving early in the
morning and by noon it was esti
mated that three thousand school
children were in attendance at tho
largest and greatcat fairs In tho
history of Washington county.
County Nchooi Superintendent
Thomas J. Davis stated that chil
dren would learn more In * few
hours than in two weeks of class
room work.
Thursday night amid gorgeous
scenery, one hundred ladles and
fifty men took part In a brilliant
pageant portraying history of
Washington county. Mias Dorothy
Warthen, beautiful daughter of Mr.
and Mrs. Macon Warthen. War
then. Ga., was crowned queen of
Washington county. Sponsors
were in attendance to the queen
from every county in the tenth dis
trict. The pageant lasted two
hours and waa viewed by several
thousand interested spectators
from practically every county in
Middle Georgia. All attendance re
cords were shattered by Thurs
day’s crowd. Judges announced
Friday that their final awards
> would be made during the day.
They stated that Washington coun
ty had the largest and greatest
swine exhibit of any of the smaller
counties In the state.
STOCKS AND BONDS
(Corrected by T. D. Carey & Co.)
STOCKS.
Bid Ask.
Augusta Factory 15
Augusta and fiav. R. R 93 97
Bon Air Hotel Cor. c0m.... 62 67
Bon Air Hotel, pfd 62 07
Citizens A Sou. Bank 25>i 255
Enterprise Mfg. Co 90 ion
. Georg's R R. Bank Co 194 197
, Granite villa Mfg. Co 165
I John P. K'ng. pfd 104
‘john-P. King, com 110 130
| National Exchange Hank... 106 110
Sibley Manufacturing C 0... 05 75
Southwestern Railway ..... 93 100
Union Having* 8ank........140 ISO
BONDS.
Bid Asked
Augusta Factory Bs, 1911.... 99 101
Ron Air Hotel 7s, 1942 TOl 102
City of Augusta (Baals) 4.40 ft
Ga. R. «. * Mkg 4«. 1947.. 82 *4
Ga. n. rt. A Bk. Co. 6s. 1951.108
Granltevllle Co. 7s, 1912 ...lot 103
Langlev Mills 7». 1943 97 9v
Sibley Mfg Co., 7«. 1943....100 103
Stats of Georgia (basis) ..4 25ft
J Daily Fashion J
ynt. 51
tally For This
taper c
SBi —® — 1
PICTORIAL
<1 REI//EW
YOUTHFUL PRINTED CREPE
Delightful indeed it this frock In
beige crepe dotted in dark navy blue.
The closing it at the left aide, and the
round neck is finished with • two
pece collar of beige Georgette
trimmed with lace. On the apron
tunic are pockets to correspond with
the collar, the lower edge being
adorned with bands of insertion with
edging to match.' Medium sixe re
quires 4 yards 36-inch figured and U
yard 36-inch plain material, with 5
yards insertion and 3j4 yards edging.
Pictorial Review Dress No. 2289.
Sixes, 34 to 44 inches bust and It to
20 years. Price, 35 cents.