Newspaper Page Text
MONDAY, OCTOBER 27
COTTON AND
GRAIN.
THE WEATHER
(Forecast till 8 a. m. tomorrow.)
Augusta and vicinity: Fair tonight
Ahd Tuesay; ooolor tonight.
Georgia: Fair tonight and Tuesday;
cooler In southeast and east-central
portions tonightj
Weather Conditions.
The southeastern low has moved
northward to the Carolina coast after
causing light to moderately heavy
rain In Georgia and ths Carollnas dur
ing the past 24 hours.
Elsewhere the weather remains
fair, with temperatures generally
moderate.
Weather Data.
Highest temperature yesterday SC
degrees: lowest temperature this
morning, 65 degrees.
River stage at 8 a. m . 8.8.
Rise In 24 hours ending 8 a. m., 2.0.
Moqn: Rises 8:54 a. m. Tuesday.
Relative humidity yesterday: 8 a.
rn., 94; 12:30 p. m., 94; 8 p. m„ 94.
E. D. E.MICH.
AUGUSTA COTTON
Spots 22.00
Friday .... 22.44
Last Year. . 30.13
PRICESJJY GRADE
Close
Middling fair 24.19
Strict good middling 23.94
Good middling 23.C9
Strict middling 23.50
Middling 23.19
Strict low middling 22.19
How middling 21.19
Strict good middling 20.19
Good ordinary 19.19
RECEIPTS AND SALES
Last
Re- Spin- Ship- year
eeipts Sales ners ments r’ptg
Saturday 1368 394 113 631 1628
Monday 2796 239 125 2296
Receipts from August Ist, 1924
to October 27th, 1924 94,934
Receipts from August Ist. 1923
to October 29, 1923 87,698
Stock in Augusta October 27,
1924 42,108
Stock In Augusta October 29th,
1923 47,734
CLOSING QUOTATIONS ON
NEW ORLEANS AND NEW
YORK COTTON EXCHANGES
The following quotations from New
York and New Orleans were posted
on the Augusta Cotton Exchange
Monday:
NEW YORK
Prev.
Open High How Close closo
Jan... 22 60 23 57 22.60 22.25
Mar... 22 95 23.90 22.88 22.55
May... 23.20 24.13 23.16 22.75
July... 22 95 23.65 22.85 22.45
Dec ... 32.40 23 45 22.40 23.40 22.17
NEW ORLEANS.
Prev.
Orien High T.ow Close close
Jan... 22 40 23 40 22.40 23.28 72.14
Mar... 22.68 23.72 22 68 23.66 22 35
May... 22 87 23.87 22.86 23.82 22.53
July.... 22 99 22.74 23.63 22.32
Dec... 22.35 23.43 22.35 23.36 32.11
NEW YORK COTTON
NEW YORK— The cotton market
just about recovered Saturday's losses
in Monday's early trading. The open
ing was firm at an advance of 29 to
50 points on relatively firm Liverpool
cables, reports of rain In the eastern
belt's and rumors or a good many
buying orders in the market from
tho trade for execution on a scale
down. '
December contracts sold up to 22.60
and January 22.75 on the initial buy
ing movement, or about 43 to 50 points
net higher but at these figures there
was a little more realizing and the
market became quieter on reactions of
seven to eight points from the best.
Private cables attributed the stead!?
ness of Liverpool to buying on im
proving trade prospects.
Realizing ehecked the midday ad
vance but ft was readily absorbed and
prices turned upward again on the
upfavorable features In the detailed
weather report and bullish spot ad
vices from the spot. January sold
up to 23 06 and the mid-afternoon
market was active months
showing net advances of 76 to 85
points.
NEW YORK SPOTS.
NEW YORK.—Cotton spot, steady;
middling, 24.20.
NEW ORLEANS COTTON
NEW ORLEANS.—The cotton mar
ket developed a firm tone at the open
ing Monday In sympathy with much
better Liverpool advices than due.
First trades showed gains of 24 to 34
points and right after the call De
cember traded up to 22.54, Januarv
21.55 and March 22.80, or 41 to 45
points above the close of Saturday.
Some hedge selling developed on the
advance but prices eased off but lit
tle from the early high points. The
weather nmp showed rains In the At
lantic epast section but dry else
where.
The market developed a very firm
tone during the morning and ad
vanced under the Influence of good
trade buying and shorts covering 73
to 76 points above the closing levels
of Saturday. The strength of the
market was largely based on the fact
that Liverpool took rather a bullish
view of the government report and
that spinner* both foreign and do
mestic seemed disposed to buy freely.
Prices eased off about ten points from
♦he highs around noon on realising.
Houston cleared Monday for foreign
ports 29,739 bales.
The market advanced again In the
afternoon stimulated by persistent
trade buying and covering by numer
ous shorts. Active months wers 98
and 91 points respectively over Sat
urday's closing levels. The constant
buying created a scarcity of contracts
forcing shorts to bid prices up rapid
ly In seking cover. Reports of the
damage done by recent frosts are
coming In and helped the advance.
The total export* for th* day totalled
33,911 bales.
NEW ORLEANS SPOTS.
NEW ORLEANS—Cotton steady.
130 points up. Sales on the spot. 612
bales; to arrive, 656. Low middling.
31.15; middling. 21 35: good middling,
23.15. Receipts. 13.190; stock, 249,248.
LIVERPOOL MARKET
LIVERPOOL.—Cotton spot, good
business done; prices steady.
Strictly rood middling 13.95
Good middling 13 95
Strict good middling 13.60
Strictly middling 13.40
Middling 13 30
Strictly low middling 13.00
Low middling 12 55
Strictly good ordinary 12 IS
Good ordinary 11.55
Sales 6.000 bales. Including 4,700
American. Receipts 6.000 bales,
no American.
Futures closed steady:
October 13,10
December 13 00
January 13 03
March 13 0*
Nay 13.08
July 12.92
TOO LATE FOR CLASSIFICATION.
WANTED HELP—MiIs.
WANTED: TWO EXPERIENCED
colored men for washing cars. Ap
ply at once to General Tire ft Supply
po . Broad and Twelfth Sts. 028
=Financial and Commercial News=
Cotton Skyrocketed 119
Points on Close Monday;
Spots at Augusta 23.19
By W. A. LUFBURROW.
Market Editor.
Short covering, and apparent dis
counting of the Satulday report, with
a strong undertone to the market
running with a decided bullishness on
all sides shot the cotton market
skyward Monday and on the close spot
cotton at Augusta was quoted at
28.19, an advance of 119 points over
previous closing, or more than $5 per
bale advance. It Is believed by some
that the cotton market will attempt
to become stable around present
levels. The advance Monday has been
due for some time. Now the law
of supply and demand should begin
to function. A higher market Is ex
pected, but conditions are such as
yet, to call for caution.
Whether there is any regular and
orderly advance In the cotton mar
ket or not, such Is overdue. After
getting as bearish as they could, the
speculators have decided that they
will turn bull and run that old gag
for what It is worth. The market is
''supposed” according to some New
Yorkers, to have discounted the gov
ernment report of Saturday and with
this and bad weather and better ca
bles than anticipated the color of the
situation has changed. How long Is a
gamble, because it is being manipu
lated by this class of people.
As seen by Bradstreet the cotton
textile condition Is:
Cooler weather at eastern points
served to quicken retail trade In sea
sonable lines of cottons, woqlen and
worsted garments and piece goods,
heavyweight underwear and other
textiles. No rush for- such emrehan
dlse developed, however, and consum
ers In most Instances shopped around
a good deal and purchased conserva
tively. Jobbers reported a fairly
steady call for fall and winter goods,
but Individual orders were small and
apparently for filling-ln purposes.
Practically all primary textile mar
kets were quieter, the Inactivity be
ing attributed largely to a general
disposition to make no fresh commit
ments prior to the election, and price
uncertainties also caused hesitancy
in some lines-notably cottons. Cross
movements iw the general price sit
uation were again in evidence. South
ern ginghams, for example, were
opened for spring at levels substan
tially below those named recently on
similar goods by eastern producers,
some lines being priced one to 284 c
lower. Having reduced production
costs by cutting wages, southern
mills, apparently, are in a better po
sition to compete with New England
manufacturers.
Despite further declines In the sta
ple, print cloths ruled fairly steady
and displayed a slightly firmer ten
dency late In the week, when prices
advanced about He a yard to the
basis of 854 cents to 894 cents for
38%-lnch 64x605. Sheetings and othre
gray goods were gene.rally steady at
last week’s quotations. Trading in
cotton cloths continued limited, and
principally in small lots. A note
worthy development was the passing
of Its quarterly dividend by the
Amoskeag Manufacturing Company,
owing to "losses of the past year
and uncertainty of the cotton Indus
try for the Immediate future."
There la an Increasing tendency on
the part of the more advanced class
of natives of the larger cities and
villages of India- to adopt western
fashions In dress. Approximately 75
per cent of the population of this
country is engaged In agricultural
pursuits, and their earnings are too
small to permit the purchase of Eu
ropean clothing A great number of
the remaining 25 per cent have suf
ficient Income to buy second-hand
wool wyaring apparel which Is im
ported chiefly from th# United King
dom and the United States. The ma
jority of these Imports are shipped to
Inland centers whocse climate is more
sdapted to the use of wool clothing
than is that of Bombay, according
to Vice Consul Scott. Bombay.
A slow but steady Improvement be
came noticeable in the Siberian tex
tile market during September as com
pared with the dull situation of the
past few months, according to report
to the Department of Commerce, from
Vice Consul Lawson, Dresden. Busi
ness In men's and boys' ready-made
clothing has considerably revived, al
though the demand is mostly for the
cheaper grades which are disposed of
at reduced prices. Promiction of win
ter clothing hßs been resumed at in
creased speed as the dealers are call
ing for early delivery, but decreased
operations In weaving mttla is result
ing In delayed delivery of materials
which may In turn handicap the
clothing manufacturers. In women’s
ready-made clothing, business ha* im
proved slowly from week to week,
but this branch of the Industry Is
operating at reduced capacity. De
liveries of winter dress goods have
already begun, but the consignees are
endeavoring to postpone them as long
as possible owing to lack of capital.
A copy of regulations recently form
ulated by the Exporters' Center of
Ceara for the classifying, weighing,
pressing, and warehousing of cotton
has been received by the Department
of Commerce with Vice Consul Eas
,ton. Pernambuco. This Is an effort
to co-operate with the movement to
overcome defects in Rrazll'an cotton
I which are the result of faulty packing
| and classification. A copy of these
rules will be made available for ln
! apectlon to persons applying to tbe
Textile Division, Bureau of Foreign
j and Domestic Commerce, Washington.
Australia has one cotton spinning
mill equipped with about 20,000 spin
dles which Is operated on an average
of 20 hours dally throughout the year.
It Ik located at Wentworthvllle, shout
26 miles from Sydney, and has been
rnnning slightly more than a year.
Vice Consul Coates, Melbourne, ad
vises the Department of Commerce.
Its output of yarn Is sold to a small
weaving mill and a hosiery plant In
Sydney. The latter producea cotton,
silk, artificial Bilk, and woolen hos
iery. as well as mixtures, which are
marketed direct from the manufac
turer to the retailer.
There are 216 knitting mills ope
rating in Italy at present, which In
July, 1923 employed 25,9) operations—
an Increase of 42 4 per cent over the
number of workers in 1920, according
to official statistics, the Department
of Commerce Is Informed by Assist
ant Trade Commissioner J. Allen
Palmer, Rome. The Improvement
has occurred almost entirely In the
larger mills, the smaller establish
ment* have undergone little change
during the last few years. About. 90
per cent of th* operative* are girl*
and women.
Ready-made clothing Is worn al
most exclusively by about 60 per cent
of the population in tho Territory of
Magellan#*, Chile, according to esti
mates made by men handling this
line. France supplies the bulk of
the women s garment* while England
I* th* chief source of men’s and boy#'
suits. Consul George T. Colman. Pun
ts Arenas, reports to the Department
of Commerce. The demand Is prin
cipally for the cheaper grade* of men'*
suits. Riding hreeche* of the military
type are popular, and In consequence,
there Is also a considerable sale for
separate ooat*. Further Information
regarding sales method*, price*, etc.,
as well as a list of dry goods and
clothing dealers <n Chile mav be ob
tained from the Textile Division. Bu
reau of Foreign and Domestic Com
merce. The list of dealers Is also
available at the district offices of the
bureau.
Within th# past two months, Am
erican cotton print* have begun to
secure a foothold In Portuguese Esst
Africa With the exception of some
relatively small Importations from
th* United States of unbleached
drills used generally as sail for na-
thl river boats, this market hiis been
monopolized by British, Dutch, and
German manufacturers. One or two
brands of American heavy indigo
prints and indigo drills which were
well established in the union of South
Africa during the war, had become
known to the natives in this Pro
vince of whom great numbers regu
larly go to the work in the Transvaal
mines. The demand for these goods
became so insistent that local mer
chants who have for years had Brit
ish and Dutch connections, were re
luctantly obliged to place orders in
the United States, according to Con
sul Cross, Leurenco Marques. A list
of textile Importers In Portuguese
East Africa may be obtained from the
Textile Division. Bureau of Foreign
and Domestic Commerce, Washing
ton, D. C.
ch i c ago~¥rain~¥a r k et
CHICAGO, 111.—Wheat scored a de
cided upturn In price Monday during
the early dealings. Opening prices!
which ranged from t%c to 2%c higher
were followed by a moderate setback
from tniltlal top prices.
Corn and oats derived strength
from wheat. After opening %e to
2%c higher corn reacted somewhat
but then rallied again.
Oats started at %c to one cent up
and later held most of the gain.
Provisions were easier at first, sym
pathizing with rs decline in hogs but
later were Influenced by grain
strength.
Wheat clotted firm, 2%c to 3%c-net
higher.
Corn closed firm l%c to l%e net
higher.
WHEAT—
. Open High Low Close
Dec 143 145 142% 144%
May 348 V. 149% 147% 149%
July .... 133% 134 132% 133%
CORN—
Dec 103% 1114% 102% 103%
May 106% 106% 105% 106%
July .... 106% 107% 106% 307%
OATS—
Dec 49% 49% 49 49%
May 54 55 5.3% 54%
July 51% 52% 51% 52 V
RYE—
Dec 126 V 126% 124 125%
May .... 127 128% 126 127%
LARD—
Nov ... 1475 1485 1450 1470
Jan ... 1360 1372 1360 1365
RIBS—
Nov ... 3250 1 1250
Jan ... 1215
BELLIES—
Nov ... 13.95
Jan ... 1250 1250 1245 1215
CHICAGO CASH GRAIN
CHICAGO, lit.—Wheat No. 3, red,
*1.49; No. 2 hard $1.41%©1.42%.
Corn No. 2 mixed $1 02%@1.04%;
No. 2 yellow. E 9.04.05.
Oats No. 2 white. 48@48%c; No. 8
white. 45%®46X0.
Rye No. 2, $1.2101.23%. Barley, 75-
©9lO.
Tlmoyth seed. $4.75 08,60; clover
seed, 318-90(1729.00.
Lard 315.15. Ribs, $13.50. Bellies,
$14.75.
St. Louis Cash Grain
ST. LOUIS —Cash wheat No. 2 red.
$1.51@1.68; No. 3 red, $1.4801.60.
Corn No. 2 yellow. SI.OB.
Oats No. 3 white, 49 0 49%c; No. I
white. 47®48%c.
LIVESTOCK MARKET ■
ATLANTA CATTLE AND HOG
RECEIPTS.
ATLANTA. Ga Cattle: Receipts,
750; steady; beef steers. $4.5006.75;
stockers, $3.5004.50; beef cows, $3.00-
@4.o<e cutters, $2.5002.76; tanners,
$1.5002.25.
Hogs: Receipts, 1,700; bulk billed di
rect or through; general market, 250
lower, practical top and bulk 160-
pounds and up, $10.75 1300160-pounds
$9.1509.25; 130-pounds down, SS.2D@-
9.00.
CHICAGO CATTLE, SHEEP AND
HOG RECEIPTS.
CHICAGO, lll.—Hogs: Receipts 66,-
000;/slow, 10c to 25c lower; under
weight, dull, 250 to 50c lower; bulk
good and choice, 1800350-pound
weight. $9.25010.20; 1400160-pounds,
$7.65®8.75; packing sows, $8 7509.00;
slaughter pigs, $0.7507.25.
Cattle: Receipts St.OOO; fed steers,
slow, 15c to 25c lower, fat cows, 25c
lower; bulk yearlings, $10.50012.00;
fat steers, $8 5009.75; veal caWes
mostly $9.50019.00 to packers.
Sheep: Receipts 38,000; fat lambs,
25c to Boq lower; natives, $13.25013.60;
westerns, sl3 26013.50: sheep un
changed; fat ewes, $4.75®6.75.
NAVAL STORES
SAVANNAH NAVAL STORES
SAVANNAH. Ga —Turpentine, firm
82c. Sales, 421; receipts, 28$; ship
ments, 664; stock. J 1.873.
Rosin, firm; sales, 1,322; receipt*,
884; shipments, 8,840; stock, 89.307.
Quote: B D E F O II I K M $6.50;
N $6.60; window glass, $7.25; water
white, $7.85; X, SB.OO.
PEANUT QUOTATIONS
(By THE GA. COTTON OIL CO.)
Carload kits f. o. b. shipping point,
SBS. Wagon load lots, SB2 per ton.
(These quotations are subject to
change without notice )
foreTgn exchange
NEW YORK—Foreign exchanges,
steady. Quotations In /ent#:
Great Britain, demand 449 11-16;
cables, 4.49 15-16; 60-day bills on
banks, 4 46 13-16.
France, demand 3.20%; cables.-6 21.
Italy, demand 4.80%; cables, 4.29%.
Belgium, demand 4.79; cable*, 4 80.
Germany, demand, per trillion, .23%.
Holland, demand 39 27.
Norway, demand 14 22.
Sweden, demand 26 59
Denmark, demand 17.05.
Switzerland, demand 19.21.
Spain, demand, 13.42.
Grece, demand, 1.74,
Poland, demand .19%.
Czecho-Slovakla, demand 2.18%.
Jugo-Klavla, demand 1.45.
Austria, demadn ,9014%.
Rumania, demand .66.
Argentina, demand 36.75.
Brazil, demand 1 40
Toklo, demand .38%.
Montreal, demand 1.00.
PRODUCE MARKET
Flour—Hard wheat. 98-lb. cot
ton sacks, bhl $7.76
Flour—Plain, 9S-lb. *ks„ bbl.. 770
Flour—S.-R., sks.. bbl 7.80
Flour—R -R., 48-lb. sks.. bbl*... 7.15
Flour—Best plain, 98-lb, ski.,
barrel 6,75
Flour—S-R., 24-lb. sks., bbl... 7.19
Flour—R.-R.. 24-lb. sks., bbla.. 8 56
Buekheat. 24-pkg. case 855
Grits, 24 2s, per case 1 SO
Grits, 12 3*. r*r case 1 99
Grits, fine and medium, 96s
per sack 2.40
Meal. 90s, per sack 2.50
Veal, 48s. per sack 1.22%
Meal, 245. per sack 65
Rice—Fancy, No 864 or Nd. 111,
109-lh. sks.. lb .06%
Rice, fancy, No. 68, lb 07%
Wesson Cooking Oil. 24 pints.. 6 75
Wesson Cooking Oil, 12-qt. case 6 40
Wesson Oil, t 1-gal. cans. case. 9.80
Axle Grease, 10c size, 1-lb., 4
dozen 8 75
REEDS
Amber Cane, 150.1 b, aks 50
BAR SILVER.
NEW YORK. Bar silver, 70;
Mexican dollars, 53%.
THE AUGUSTA HERALD. AUGUSTA, GA.
N. Y. STOCK MARKET
NEW YORK.—Reactionary ten
dencies predominated at the opening
of Monday's stock market with trad
ing featured by a break of 1% points
In American. Can. Other popular
shares including United States Steel
and Baldwin moved fractionally low
er. Frisco however, developed con
siderable strength, advancing a point
to a new 1924 high price at 39%.
Isolated points of strength devel
oped in the subsequent dealings al
though the market generally pursued
a definitely downward trend, Fleiscli
mann jumped 1% points to a new top
price at 80, and Atchison, People's
Gas, General Electric and General
Baking showed rallying tendencies.
The unexpected weakness of Ameri
can Can, however, extered a depress
ing influence on speculative Issues,
Fractional losses were general with
declines of a point or more recorded
by United States Cast Iron Pipe,
United States Alcohol, Stewart-War
ner, Woolworth and American Hide
and Leather preferred. Heavy profit
taking broke out in St. Paul preferr
ed, which was featured by a sharp
run-up last Saturday.
Foreign exchanges opened steady.
Realizing attracted by the early
advance was absorbed on slight set
backs and the market was generally
steady to firm later. Trading was
only moderately active but offerings
were light and renewed! buying sent
prices up to 22 90 for January or about
54 to 65 points net higher on the ac
tive months because of the latest
weather reports some traders held
that Saturday’s government crop re
port figures probably represented a
maximum view of the yield but the
factor mostly discussed on the ad
vance was the improving character of
trade advices and prospects for largo
exports.
Conflicting price movements fea
tured the early afternoon dealings
with the weakness of American Can.
dividend paying railroad shares and
the oils serving to sway the course
of most stocks downward. Independ
ent strength was shown by Maxwell
Motors A, Crucible Rteel and Allied
Chemical with gams of 1% to 1%.
American Can fell 2% while the pre
ferred stock rose to a similar extent,
touching 119, a new Mgh figure. Am
erican Woolen rallied to 52%, but
Fleischmann ran off to 79 on profit
taking.
The closing was heavy.
Sales approximated 625.000 bales.
NEW YORK STOCK UST.
Close
Allied Chemical and Dye 72%
American Can ....129%
American Car and Foundry 164%
American International 29
American Locomotive 7.8
American Smelting and Refg 78%
American Sugar 39
American Tel and Tel 127%
American Tcbaco 161%
American Woolen &3-34
Am Zinc, Lead and Smelt 7%
Anaconda Copper 36%
Atchison 105%
Atlantic Const Line 133%
Baldwin Locomotive 117%
Baltimore and Ohio 60%
Bethlehem Steel 40%
California Petroleum 22%
Canadian Pacific 147%
Central Leather /, 14%
Cerro de Pasco 46
Chandler Motors 30%
Chesapeake and Ohio 82%
Chicago and Northwestern 60
Chi, Mil and St Paul pfd 21%
Chicago, R I and Fao 34
Chile Copper 32
Coca-Cola 76%
Colorado Fuel and Iron 40
Congolcum 42%
Consolidated Gas 70%
Corn Products, new 36%
Cosden Oil 25%
Crucible Steel . 64%
Cuba Cane Sugar;) fd 56%
Davison Chemjcnl 45%
DuPont de Nemours 127
Erie 27%
Famous Players-Lasky 83
General Asphalt 41%
General Electric 250
General Motors 57%
Great Northern pfd 60%
Gulf States tSel 68%
Houston Oil 68%
Illinois Central , 108%
International Harvester 93
Int Mer Mar pfd 36%
Int Tel and Tel 82%
Invincible Oil 13%
Kelly-Sprlngfield Tire 16
Kennecott Copper 46%
Louisvlle and Nashvlle 98
Mack Truck 98
Marland OH 34%
Maxwel Motors A 67%
Middle States Oil 1%
Misourl, Kan and Tex 15%
Mtsouri Pacific pfd 67
National Lead ,152
New Orleans, Tex and Me* 108
New York Central 107
N Y, N H and Hartford 24%
Northern Pacific 62%
Pacific Oil - 60%
Pan-American Petro 11 50%
Pennsylvania 45%
Producers and Refiners 26%
Pure Oil 23%
Reading 61%
Republic Iron and jgtel 45',5
Reynolds Tobaco Tip: 75
Seaboard Air Line 16%
Sears-Roebuck 110%
Sinclair Con 16%
Slosa-Sheffield Steel and 1r0n... 68
Southern Pacific 93%
Southern Railway 26
Southern Railway pfd 77%
Standard Oil of Cal 58%
Standard Oil of N J 36%
Studebaker Corporation 18%
Texas Co 40%
Texas and Pacific 87
Tobacco Products 65%
Transcontinental Oil ... 4
Union Pacific. 187
United Drug 96
TJ S Cast Iron Pipe 116
IT S Ind Alcohol 72%
United States Rubber 32%
United States Steel 107%
Utah Copper * 81%
Westlnghouse Elec 62
Wlllys-Overland 7%
Woolworth 197%
Hudson Motors 27%
LIBERTY BONDS
NEW YORK.—Government bonds
closed:
Liberty 3%‘a slOl6
First 4'e 101.12
Second 4’s 111.15
Klrat 4%'a 102.15
Second 4%'a 101,18
Third 4%'s 102.9
Fourth 4P'» 102.18
Treasury 4%’s 300.27
COTTONSEED OIL
NEW YORK.—Cottonseed oil closed
firm:
January $10.48
November 10 70
October . 12.50
December 10.46
February 10.50
March 10 *1
April 1063
May 10.75
Prime summer yellow, bid... 1.76
Prime crude $8.75® 9.00
CALL MONEY
NEW YORK —Call money, firmer;
high, 3; low, 2; ruling rate, 2, dos
ing bid, 3; offered at 3%; last loan,
2; call loans ugaln/it acceptances, 2;
time loans, steady; mixed collateral
#O-90 days, 2%®3; 4-6 months, s%<?-
0 3%. I’rltnc commercial paper, 30-
3 %,
STOCKS AND BONDS
(Corrected by T. D. Carey ft Co.)
KTOCKH: Bid. Ask.
Augusta Factory J«
Augusta and Kay* It. Ft... 94 98
Bon Air Hotel Cor. com... 62 67
Bon Air Hotel, pfd 62 67
Citizens ft Bou. Bank 230 256
Enterprise Mfg. Co 95 102
Georgia R, R Bank C0...195 198
Oranltevlli# Mfg Co 165 —.
John P. King pfd 104
John P, King, com 110 120
Exchange Bank. 106 110
Rlbley Manufacturing Co.. 65 75
Southwestern Railway ... 99 101
Union Ravings Bank 149 159
BONDS: Bid Ask.
Augusta Factory Bs, 1941. 99 lot
Bon Air Hotel 7*. 1942... 101 103
City of Augusta (basil).. .4.354
Ga. It. R. ft 14kg. 4a. 1947 83 85
Ga. R. R. A Bk. Co 6* 1951.,168
Granltevllle Co. 7*, 1942...101 193
Langley Mills 7s, 1948.,., 97 98
Rlbley Mfg Co, 7s. 1942 .191 .
State of Georgia (ba5i5)..4.264
SOUTHERN BUSINESS
Reviewing business conditions in
the South, Bradstreet says:
Baltimore Hesitation .in .for
ward purchasing marks the general
situation, and buying for imme
diate needs only continues. Re
cent mild weather has checked re
tail demand for seasonable goods,
hut benefited late crops. Industry
is slow In gaining momentum, hut
with stocks small in merchants’
hands, It is expected to expand
rapidly If buying is renewed. The
steel Industry has been disturbed,
hut operations have Increased mod
erately and further expansion Is
expected. In dry goods and no
tions, transactions in the aggregate
are better than last year, but
orders are small. Improvement in
th<* textile industry is developing
slowly. Millinery Is active with,
volume well ahead of last year.
Shoe manufacturers report buying
increasing and inquiries moro num
erous. Hardware Is in better call
generally, and collections are Im
proving. Tho recent course of the
wheat market has made buyers
timid In taking hold of flour, and
that market is In n waiting posi
tion. Leaf tobacco receipts fell to
462 hogsheads, hut sales totaled 720
hogsheads, and prices remain firm.
There'ls a good demnnd for choice
light wool, on which prices are firm,
although very little business is
passing In tlie open market. Re
ceipts of oysters have been moro
than ample, and demnnd Is not ex
pected to develop until the weather
becomes permanently cooler. De
mand for fish keeps pace with dally
receipts, and market Is steady.
Hides are in fair demnnd. Late
crops have matured rapidly as s
resula of the clear, warm era 0
and are In fair condition. Harvest -
lng of corn, tobacco and truck
continues.
Charlotte, N. C.— Wholesale buy
ing is normal, although conserva
tism marks purchases, there being
practically no buying for future do
livery. Owing to very warm wea
ther, retail trade is quiet. Shoes
and dry goods are off to some ex
tent, and merchants are buying
only for Immediate needs. Ruild
ing Is active, most mnrkedly so In
residence building. Collections are
Improving, but are not ns good ns
expected In early fall. Cotton mills
engaged on yarns are operating
full time for t,ho most part, and
some largo orders are being booked
with margins of profits small.
Gingham mills are mostly idle,
there being no demand to speak of.
Greensboro, N. C. Conditions
show a slight improvement, espe
cially In cotton goods manufactur
ing. A good many mills which
have been on short tlmo'are now
running full capacity, and the per
centage on short, time is quite
small. Whoelsalo and Jobbing
trade Is fair, the season being
snmewheat backward, and demand
not quite so good for fall and win
ter supplies. Collodions are slow.
Retail trado Is only fair, owing
to the fact that tho weaUior has
been too mild, and as yet tho de
mand for fall and winter sup
plies has not been up to normal.
Nashvills—Wholesalers and job
bers report trado Improved, but
buying Is conservative and largely
to cover Immediate requirements.
Retail trade also shows Improve
ment, being stimulated bv special
sales, while cooler weather has
tended to move fall merchandise.
Manufacturing shows Improvement,
wit IK, most tilnnts on practically
normal basis. Collections are fair.
Atlanta—Wholesale and Jobbing
trade Is more or less quiet and
lacks the forward push felt ft few
weeks ago. Delayed buying of
other than Immediate needs la
being practiced generally by re
tailers and farm supply bouses.
Continued warm weather Is show
ing its effect on retail business, and
volume has to be forced bv numer
ous “sales." Industry Is quiet.
Collections remain slow. Tho corn
and peanut yields for the state are
slightly better than Isst year.
Weather the past few welts hns
had a favorable effect on cotton In
maturing late bolls, and condition
has somewhat Improved.
Birmingham Cooler weather
has somewhat stimulated retnll
trade. Manufacturing and Indus
try are on the up grade. Large
orders for steel rails and aoll pipe
are being placed this week. Build
ing continues active, with a largo
amount under construction. The
general outlook Is good.
New Orleans—Business at retail
Is apparently a little less than It
was year ago, due mainly to the
warm weather, which has con
tinued almost uninterruptedly.
Jobbers, however, report sn In
crease In business, with more In
quiry than for some time past.
Manufacturers are all busy, work
ing full time, and In aotne lnstanres
with on extru-ahlft. There la re
latively little labor, unemployed.
Crop* have been harvested under
good weather conditions, but the
continued drought la Injuring
sugar cane severely. Pastures are
drying up. and In some sections
there la insuffllcent wuter for live
stock.
Tula*—Trade In general Is good,
but. It Is below the volume antici
pated. While crude oil production
has declined approximately 30,000
barrels ainre August, many new
wells arc being started, and It Is
reported that with the oil In stor
age and the production of present
wells, there Is enough crude oil to
last one year. Gasoline stocks are
reported to be very large on both
coasts and In Chicago, and It Is es
timated that there Is enough gaso
line In storage to supply tho de
mand until August 1925. The re
fined fkerosene) market ns a whole
Is In a better condition, o» there
are no excessive stocks. Lock of
cooperation Is ohvloua In the oil In-
Stale Bureau of Markets
Price# below aru those which wholesalers are paying F. O. B. these
consuming centers. To arrlv# at prices net ahlppere, deduct freight to
moat favorable point.
Atria Aug'ta Macon Kav'nah Col’hui
Sweet potatoes, Tel. bulk load
ing, 199 pound $ 1.80 $1 90 $ -.75 $ 1.75 $ 1.80
Irish Potatoes, No. 1 new, per
150-lb. sack 2 10 2.15 2.15 2 19 2 60
Cabbage (green crated) 109 Iba... 1 75 1,76 1,75 2.00 2.00
Black eye pea*, pound 06% .06% .06 .08% .96%
Brown eye pea*, pound 94% .94 .04%
Eggs, fresh candied, dozer 40 .41 .88 .49 .41
Kings. pound 22 .22 23 .22 .22%
Hens, pound .23 .23 .22 .25 .23
Rooster*, pound 12 .11% .11 .11 .12
Frier* and broiler*. 1 to 2 lb».
Pound ,25 .26 .26 ,27 .82%
Ducks, pound 29 .15 .15 .25 .2*
Geese, pound IV .13 .12 .12% .17
Turkey* (hen*), pound 39 .39 .2* 39 .82%
Turkey (tom*), pound 80 ,39 .26 .$9 .32%
Country butter (best Üble), lb.. ,J» .S 3 .35 ,22 .87
Country butter (cooking), pound. .29 .21 29 .25 .22
Ga. can* syrup <Bb!.), gal, 75 .75 .70 .75 .75
Corn meal, per 69-|b. sack .... 289 2.8) 2,89 2.85 285
Corn, No. 2, (white) eecked, bu... 1.40 1 42 1.49 1.40 1.46
Oats No. 2 (white) sacked, bu .68% .70 68% .71 .70
Pcavlae hay, ton $22.00 22 99 81.60 22.50 12 90
•—No market.
dustry. Collections in general
continue slow, with very little im
provement.
Fort Worth—Retail business has
slackened to some/extent, duo to
unseasonable weather. However,
with a change In weather, retailers
believe trade will increase rapidly.
Wholesale business continues good,
with heavier buying than has ex
isted for some woeks shown In
small towns. Cattle ranges are In
good condition Values of cnttlo
show an upward trend Sheep and
goat raisers aro reported to have
an excellent clip, and are receiving
good prices for wool and mohair.
Cotton picking continues active,
and In many localities a good top
crop is now forming.
Houston —Unusually warm wea
ther has affected trade to some ex
tent. Retail stores report fall sales
only fair, with henvy wearing ap
parel sales slow. Wholesale trado
is fair, and warm weather has af
fected (lry-goods business. Whole
sale hardware sales are holding up.
hut some report sales small and of
a fill-In character. Lumber prices
are firm, and mills aro running full
time. Building remains active.
Collections In all linos are satis
factory, with a few doubtful ac
counts continued. The warm, dry
weather la ideal for cotton picking
and has Increased cotton output
somewhat. Rice yield Is good, nnd
tho wenther Ims rapidly ndvnnced
threshing. Fall plowing Is well
under way. Llvo stock is in good
condition, but the hoof-and-mouth
quarantine has stopped shipments
In this vicinity. The disease Is
well In hand, with no new out
breaks. Approximately 8,000 head
have hern killed and burled. Borne
sections have suffered from the
quarantine, us it Affects live stock,
vegetables,'hay and grain, but In
general no great ill effects have
been suffered.
San Antonio —Retail trade con
tinues lnnctive, duo to warm wea
ther. Merchants In dry goods and
clothing, however, anticipate heavy
buying of fall goods, beginning
with the first "norther." Bank
statements show heavy deposits,
but slight demand for loans. Cot
ton in this section is about all gath
ered. hut farmers arc holding for
better prices. Jobbers In nearly nil
lines report business Bns good as
could ho expected at this time of
year. Collections are still n llttlG
slow, hut about equal to last year.
Cold weather should stimulate buy
ing in all lines.
Waco—Continued warm wenther
causes a slackening in sales of
heavy wearing apparel. 4 Jobbers
report business goods In all lines.
Crops aro moving satisfactorily.
Wichlta Falla- The oil Industry
to very unsettled. Rnln benefits
wheat but Injures cotton. Collec
tions are Slow. Cooler weather is
neded for retail trade.
DAIRY MARKET
CHICAGO BUTTER. EGO AND
POULTRY RECEIPTS.
CHICAGO. Ill—llulter. unchanged;
creamery extras, 37c; standard*.
34%c. extra firsts, 31%«3Gc; firsts.
30%®32c: seconds, 28029 c.
Eggs, higher; firsts, 42049 c.
Poultry, alive, higher; fowls, 160-
22c; springs, 22c; roosters, 15c; tur
keys, 25c
NEW YORK BUTTER, EGG AND
CHEESE RECEIPTS.
NEW.YORK —Butter, firm; cream
ery higher than extras, 39%®40c;
extras, S9c; ditto flint**, 33-
*r3Ro; packing »tock current makt> No.
2. 26c.
KggK, firm; fresh gathered extra
firsts. 804114 c; do firsts. 44<f titc; do
seconds and poorer, 36043 c; nearby
hennery whites, closely selected ex
tras. 81%84c.
Cheese. Irregular. State whole milk
flats, fresh, average run, llttc.
Live poultry, steady; no freight
quotations. Chickens by
(ft 27c; fowls, by express,
Dressed poultry, firm: chickens. 23W
-4Rr; fowls. IRW32c; old rooite.rs, 15©-
22c; turkeys. 30©4*C.
SUGAR MARKET
NEW YORK—Raw sugar un
changed at. G 03 for Oubaa duty paid.
Refined sugar was unchanged at 7.15
to 7.50 for fine granulated. #
Chicago Potato Market
CHlCAGO.—Pntstoes: Early trading
slow, market slightly weaker; Min
nesota and North Dakota sacked Red
Itlver Ohio* 90011 00; South Dakota
sacked early Oh'ns 76085 c; Mlnneola
sucked round white, 76c®85e: Wis
consin sacked round white,. 78 0 90c;
Tdaho sacked rural* $12.59; sacked
Huesets California packed $2 99; Col
orado sacked people* russets, sl.l#.
"lead jumps TTpT
NEW YORK—The American Smelt.
Ing and Refining Company Monday
advanced the price of lead from 8 6#
to 8.65 cents a pound
STOCK MARKET
(Corrected by August* Block Tarda )
CATTLE,
Common 2 ®2%d
Ordinary 3 ®3%0
Good B%®4c
Fancy 4%®6c
CALVES.
Common 4 ®s*
Ordinary * 4*7c
Good 7 ®7%0
Fancy I ®B%o
HOG 3.
75 to 109 pounds a#
190 to 126 pounds 9%0
125 pounds and up , .10c
Brooks, Hyman & Co.
83 BRAVER ST. NEW YORK
—Membe**—
New York Cotton Exchang*.
Represented by
ft. C. ALLEN, Jr., Augusta, Ga.
Order* solicited for the purchnsa
end sale of Colton for future de
livery.
Presidential Campaign
Influencing Business
NEW YORK.—The favorable recep
tion by American and European In
vestors of tho German external loan
was the Most significant development
of the last month. The success of this
Issue provided convincing evidence of
faith, both here and übroad, in the
ultimate working out of the Dawes
plan, states tho current issue of the
“Guaranty Survey,” published today
by the Guaranty Trust Company of
New York.
"Largo credit resources are avail
able in this country for the assistance
of Europe, on conditions may warrant
and ns confidence Is created by the
economic recovery of European coun
tries," the "Survey" continues. "The
extent to which the United States
may helpfully participate In the
economic restoration of Europe, how
over, will necessarily depend In lnrge
part upon the stanlllty of political
conditions there, ns a necessary fac
tor In tho assurance of economic sta
bility.
PROBABLE RESULTS OF
DAWES PLAN.
"The German loan was projoctod
ns an essential step in the Inaugura
tion of the Dawes plan, which now
becomes operative. A hopeful atti
tude towards the results which aro to
follow is warranted, even though not
all the expected benefits may be ful
ly realized. In any ovent tho appli
cation of the new agreement sto ths
troublesome reparation and related
problems should have helpful effects
upon the slate of mind of the peo
ples most directly concerned. In ad
dition to the material results which
may be shown In reviving Industry
and trade. The Inability of the new
arrangements to produce an Imme
diate world-wide boom will not be an
evidence of their failure. The plan's
success will he meusured by its long
term results.
•'ln view of fresh expressions here
and there of a fear of disastrous com
petition with American producers for
foreign markets, the fact will bear
repetition that economic recuperation
abroad cunnot fall In Its larger re
sults to stlmulatn business In this
country. Sonic Interest may be ad
versely effected, of rourse, but more
wilt be benefited. There Is promts*
In these new developments of Im
proved markets for raw ma
terials and foodstuffs and for many
classes of manufactures, as well as
additional opportunities for the en
largement of American cnpltal Invest
ments abroad In profitable under
takings.
INDUSTRY AND TRADE.
"Industrial production as a whole
In this country continues Its moder
ate and Irregular expansion With
allowance for merely seasonal factors,
definite progress away from th# re
cent slackness la evident.
"The prealdntlal campaign, with It*
Impending Issues, nnwever, 1» the
civer-hadowlxg InJluence on tho busi
ness situation generally. Uncertainty
as to Its outcome restrains Initiative
and halts enterprise. Many Important
economic problems In the field# of
tnxatlon, transportation, tariff and
finance are Involved In the lasues,
and business will Inevitably he af
fected by the attitude of the elec
torate expressed towurd them at the
polls The marked Improvement of
the late summer hns, as a result of
this sod other causes, been chackcd
and another period of hesitancy and
variability has followed.
"There havo been, however, a num
ber of favorable developments which
seem to promise Improved conditions
when tha national election has been
disposed of nn,l Its probable effect*
appraised. But In may branches of
Industry the long-standing obstacle of
disproportionate costs of production
still constitutes the chief hindrance
to progress, A correction of this sit
uation, more tlinn anything else,
would promote an enduring cxpnnslon
of trade, both domestic and foreign.
"Industrial employment I* slowly
Increasing and wage* are generally
well maintained. Employment In
manufacturing Industries, Increased In
September, while par capita earning*
and payroll totals gained. All the*#
Increases tend to confirm tlie upturn
which was observed In August.
"Commodity prices In general have
advancud rather sharply In recent
weeks. his movement Is the second
series of marked advances from the
year’s low point In th# aecond week
of July.
"The extreme ease In money rate#
continues. Slight temporary rleea
have occurred from lima to tim*,
but theiio have bean only fraction*!,
and have disappeared almost at on«-e.
With the continued, although rt
du«*ed, Inflow of gold, and tna sea
sonal peak of credit demand reached
or pawid, there Is no Immediate pros
pect. for nmt*rlally higher rates, al
though It Is quite poalftbU that soma
firmness may develop In response to
numerous application* for Kuropean
loans. „ . .
**A brisk movement of gooda In dls-
Pure-Bred Stock Indispensable In
Operating at Profit, Says Calvin
(By MARTIN V. CALVIN)
(Specialist In Agriculture ana
Economics.)
ATLANTA, U*.—On* thing needful
In Georgia Is a deeper, bruauvr and a
more act!' Interest In th# Import
ance of purebred livestock to euc
r imful farm management. Indeed,
purebred livestock l» indispensable
to farming for profit. Where one
has acquired tht habit of working
systematically, the management of
livestock on a farm, large or small.
Is much less taxing than It la gen
erally believed to be. Th* pre-re
qu'slte Is that on* ahall address hi tri
ne If to his dally duties with tho
same degree of wlde-awakedness.
earnestness and attention to detetls
common to business men and bank
ers, professional men and skilled me
chanics, et al.
This field Invlts* exploitation In
this State. It In largely an un-oe
eupled field— unoccupied for the rea
son that farmers, especially young
farmers, have not permitted theni
ieivea to Inquire Into It with a view
to ascertaining the reasonable poesl
blllUss of ever Increae'ng success In
the work. You may call It an en
terprise If you wish. No objection to
that; for every enterprise contem
plates—require* Intelligent, enthusi
astic effort The suoject demands
consideration: Come, let us reason 1
together. Let us see what we must
I ve in farm. In lot and sheds, in
pastures. In number and character of
stock, In sustenance crops which must
be produced. Understand, It la an ex
ceedingly practical subject. It I*
one of th* most practical of enter
prises by means of which one may
expect make a round sum of money
every month In every year. On* may
begin on a comparatively small scam,
and grow Into a larger and more en
thusing financial frame of mind and
bank account Th# last mentioned
factor Is a v*rv Imoortant. One must
Identify himself with a safe bank, be
come a depositor, and, by due proceaa,
establish and mtalntuln "standing at
bank."
If I wera operating a dairy farm. I
would not sellrnllk although a profit
able business. Unusuatly early hours,
day by-day, are demanded, and there
Is sn almost endless lot of hard work
Incident to a dairy which aella milk
only.
There la more money In butter and
pigs, and much less of the work that
la exceedingly taxing Given, a, the
outset, six purcbie* rnllch cows—
Guernsey, Jersey, Holstein, Ayrshire
or other breed one may prafar—and
six Duroc-Jersey sows and a male;
six choice domestic sow# and a pure
bred Duroe-Jersey male, one would be
In position to work gradually to the
front. The purebred pigs could be
sold, when three months old, at a sat
isfactory price for breeding purposes;
the grade plga fattened und said to
the hutcher. An approved aep*Va
lor, of reasonable size, should be In
stalled Twice a *lay, all the whole
milk, except th* quantity necessary
STOCKS AND
BONDS.
trlbutlve channels Is Indicated espe
cially by statistics of railroad freight.
"Further Increases are reported in
the activity of cotton mills, both in
New England and in the Eouth. While
It must be admitted that the cotton
textile industry as a whole is still
far from active, the lacrcases are suf
ficiently numerous to Indicate a meas
ure of relief from the oppressive cost
situation which has prevailed during
tho last year.
IRON AND STEEL.
"Irregular Improvement In the Iron
and steel Industry is reported from
wek to week. The decline In pro
duction which began last April was
halted in the latter part of July and
by the end of that month a small blit
distinct Increase was apparent. It
was not until August, however, that
tangible evidence of expansion ap
peared In the monthly totals.
"With tho outlook for an important
early expansion of American exports
of Iron and steel not altogether prom
ising, the Industry In this country
must rely chiefly upon the domestic
market for Its prosperity. The prin
cipal demand here for steel and iron
Is furnished by the railroads, build
ing and construction work, the auto
mobile Industry, and petroleum and
related developments. Together these
Industries absorbed In 1922, 57 per
cent, and last year 64 per cent, of the
domestic output of rolled steel. It Is
evident, therefore, that the fortunes
of American producers In tho meas
urable future will bo governed prln
nlpalyb yt heel emand from these
sources.
"It Is well known that the railroads
ns a whole, despite the progress which
hns ben made In the last two years,
arc behind their programs for the Im
provement and and expansion of their
facllltes. Pruchasee of rails have
been a conspicuous feature of the
steel market in recent weeks. It Is
significant that In the first nine
months of the year orders placed for
freight cars exceeded the purchases
in the whole of 1923 It now appears
that orders In 1924 wllj surpass those
of any other years since the war ex
cept 1922.
CONSTRUCTION
REQUIREMENTS.
"The Immediate outlook for the
building and construction industries
Is leas dearly defined, so far ast heir
consumption of eteei and Iron pro
ducts !* concerned. Building activity
Is peculiarly eubjoct to wide fluctua
tions. It Is significant, however, that
the building Industry has bo far suc
cessfully avoided the difficulties
which arose last year as a result of
nhortages In labor and supplies, and
that coat levels liavo moved definite
ly lower In recent months. As el-'
ready noted, Indices of building ac
tivity show a higher scale of opera
tions this year than obtained in the
corresponding months last year. The
present prospect Is for a high rate of
udvlty during the fall and winter.
"The greatest pressure for mate-.,
rials Is atlll provided by residential :
construction. And without an In
crease In the requirements of busi
ness and Industrial construction there
Is no promise of a marked growth in
the demands of ths building industry
for iron and steel.
"Automobile production, despite the
expansion since June. Is still consid
erably smaller than a year ago. And
It la doubtful whether the high rate
of production reached eurly thl* year
will soon be attained again.
"The output of the petroleum In
dustry remulns extraordinarily largo,
despite a slight curtailment In recent
weeks. Decllnling prices of crude oil
have been accompanied recently by
reduced activity In drilling, but both
drilling equipment and transports-.
tlon and storage facilities will prob
ably bo a source of active demand
for Iron and ateel products In coming
months.
“Altogether, these major user# of
Iron and steel give promise of a, fair
volume of demand in the Immediate
future. In various way*, moreover,
rh# niatked Improvement In th# eco
nomic position of the farmer* may
Indirectly stimulate the general de
mand for these producte. Farmers
have economized In their ue# of ma
chinery and tool* for a long period.
Already the betterment of their posi
tion I* reflected 111 the demand for
machinery and other equipment. It
la reasonable to expect that, With
considerable gape to be filled In bring
ing this equipment up to present re
quirements; an unusually large de
mand by agriculture for Iron and steel
products will develop In 1925
“It Is not to be expected, of course,
that the lnduetry can operate con
tinuously at or near 18* practicable
maximum rate. And It* prosperity
does not await auch a scale of ac
tivity. It has been demonstrated
that fair earning* can be realised un
der ordinary conditions, as In the case
of railroads and other branch** of
manufacturing, with ample capacity
In reserve Tor occasional utilisation
In periods of unuaually large de
rna nil Y _________
for family conaumptlon, should be run
through the separator— the cream eet
aside for butter-making, and the
skint milk fed to the pigs and poul
try. . A ration of wneat bran and
skim milk would tie luat the thing
for the pigs. By the exercise of good
judgment and effort, a market—one
responsible purchaser—would be lo
cated. and a contract entered Into
for th* dtepoaal of th* butter at a
price highly remunerative to the
farmer, the year round. . , . ,
Th* axtrclM of tht wrn* klnfl •*
Judgment and effort would create s
continuing demand for all the pure the
owner may be willing to aell. Prices
the beat—cash.
One would find reatfulnea# In turn
Ing from the duties. Incident to th#
dairy and th* plg-pene, to the field*
planning and planting, cultivating
and harvesting, food crops for the
cow* and the awlne- Of course, the
work stock on the farm would be thus
amply provided for,
Tho question, "what ahall I plant
for my milch rows, tny aowa, gilt*
and plga, and my work stock ao that
I will nave done Justice by them and
myself; for their efficiency depends
largely on my effort* along right
line*?" will furnlah food for thought
To a man, who can truthfully say
that fanning Is "to his liking," there
can scarcely he Imagined any duty
more delightful then that abov* re
ferred to.
"GOAT CULTURE” t
OFFERS GOOD FIELD.
Thor* Is still another field wide
open to capable occupancy. Refer
ence Is had to "goat culture"—raising
goats for market. Pasture (part wood
lawn) rnuek be provided—the more
brush the better ths average posture
Goats ran climb and Jump. There
must be an addition to the pasture
fence so as to keep the goats from
scaling the heights. To each post,
nail u lx3-lnoh plank three (Yet In
length. Let each plank bend Inside
at an agle of 43 degrees; spread over
the planks, th* entire length of the
fence, wire netting properly secured
Having tried In vain to "scale the
wall," In th* face of tha projecting
wire, each goat would school himself
and herself to the food and the
quietude of th# pasture.
The goats must have a shed In
which to rest and eleep. lfava con
structed .four feet above ground, In
th# back part of the tightly covered
shed, a platform of lxl2-lnrh hoards,
close together end having a dimen
sion of th* length of the shed—ln
side measurement—by ten feet wide.
Select an purchase 26 choice do
mestic "nantes," then buy a purebred
Angora truck. As In the case of your
dairy herd, a purebred male la the
herd; In this case, th* flock. The
klda from euch croee will he one
third larger than tha usual domestic
klda: for table, th* neah of such kids
I* hatter far than the cholceat lamb
Gnats are almost Incalculably pro
lific. Note that fact. Suppose you
try n goat farm. Money In tt If de
served attention be given It.
NINE