Newspaper Page Text
WEDNESDAY, OCT. 29
COTTON AND
GRAIN.
THE WEATHER
(Forecast till 8 a. m. tomorrows
Augusta and vicinity: Fair tonight
and Thursday, little change In tem
perature.
Georgia: Fair tonight and Thurs
day, little change in temperature.
Weather Conditions.
High pressure over middle sections
continues to be attended by fair, cool
weather, but over far western sec
tions there is general cloudiness and
some rain under the influence of low
pressure of Considerable extent and
energy.
Weather Data.
Highest temperature yesterday 63;
lowest temperature this morning 48.
River stage at .8 a. m. 8.8. Fall In
24 hours ending 8 a. m. .1.
Moon toSight sets 7:12 p. m.
Relative humidity yesterday, 8 a.
m. 84: 12:30 p. m. C 6: 8 p. m. 84.
E. D. E.MIGH.
AUGUSTA COTTON
Spots 23.19
Yesterday . 23.19
Last Year. . 29.75
PRICESjJY GRADE
Middling fair C 2 ‘f®9
Strict good middling “ 23.94
Good middling 23 09
Strict middling Li ssiso
Middling 23.19
Strict low middling 22A9
Low middling 21119
Strict good middling 20 19
Good ordinary 19.19
RECEIPTS AND SALES
Re- Spin- Ship- year
celpts Sales ners ments r’nts
Saturday 1368 394 113 631 1628
Monday 2796 239 125 2296
Tuesday 2917 498 229 530 3273
Wednesd’y 1736 667 300 1426 2177
Receipts from August let, 1924
to October 29th, 1924 93 587
Receipts from August Ist. 1923
to October 31st, 1923 93,148
Stock in Augusta October
29th, 1924 44,276
Stock in Augusta October
31st, 1923 51,059
O Z — : o
1 CLOSING QUOTATIONS ON 1
NEW ORLEANS AND NEW
I YORK COTTON EXCHANGES |
O d
The following quotations from New
York and New Orleans were posted
on the Augusta Cotton Exchange
Wednesday:
NEW YORK
Prev.
Open High T.ow Close close
Jan. .. 23.46 23.76 23.28 23.55 23.53
Mar. .. 23.79 24.65 23.66 23 86 23.83
May .. 24.66 23.66 23.82 24.67 24.64
July .. 23.76 23.73 28.65 23.75 23.72
Dec .. 23.26 23.61 23.15 23.41 23.40
NEW ORLEANS.
Prev.
Open High T.ow Close close
Jan. ... 23.40 23.64 23.20 23.47 23.40
May .. 23.60 23.85 23.43 23.65 23 «1
May .. 23.77 24.60 23.63 23 81 23 77
July .. 33.56 23.73 *3.44 23.66 23.56
Doc. .. 23.40 23.68 23.23 23.49 23.40
NEW YORK COTTON
NEW YORK.—The cotton market
opened steady Wednesday at a decline
of 2 to 10 points with active months
soon showing net losses of 22 to 25
O Its under realizing or selling for a
tlon which was encouraged by
, y Liverpool cables and a favor -
ble k • Interpretation of the weeklv
•leather report. The latter stated
that In many places frosts had been
more beneficial than harmful to the
crop and that the weather had been
favorable for picking. After selling
off to 23 28 for January, however, the
market steadied on a renewal of trade
buying or covering and ruling within
8 or 9 points of Tuesday's closing at
the end of the first hour.
Early sellers became buyers as
prices worked up from the earlv de
clines. The advance extended to' 23.76
for January with the general list
showing net advances of about 20 to
23 points.
A proposal to reduce the par value
of both the common stock and class
B. from 2100 to 250 will be submitted
to stockholders at a meeting Nov
ember 6. which would Increase the au
thorized common to 1,060,000 shares
and the B. stock to 2,600,000 shares.
This will make the dividends on the
new stock 27 a share, equivalent to
214 a share on the old stock. The fl 2
rate has been maitnalned since a
stock dividend of 75 per cent was paid
in August 1926.
The mid-afternoon market was
quiet. Prices held steady with Jan
uary ruling around 23.61, or 6 to 8
points net higher at 2 o'clock.
NEW ORLEANS COTTON
NEW ORLEANS.—The cotton mar
ket opened steady despite a lower
Liverpool than due. As the weekly
government weather and crop report
claimed that the crop had not been
damaged by the general heavy to kill
ing frost in the northern portion of
the belt the market eased off right
after the call until December traded
down to 2323, January 2326 and March
23.43. or 17 to 20 points lower com
pared with yesterday's close. The
market soon rallied however, on good
support prices recovering to within
four to five points of the opening fi
gures.
The market turned tasler during
the afternoon on realizing and the
soiling of December here by New York
and spot interests. The easier tone
was also helped by a reported lower
basis for spots In the Southwest nnd
a falling off In the demand for ex
ports. Prices declined about 23 to 30
points from the highs of the morn
ing. Most all the trading was In near
months, but little interest being
shown In the months beyond Janu
ary. -he exports for the day totalled
84,263 bales.
BAR SILVER.
NEW YORK—Bar silver 69%;
Mexican dollars 5%.
For Safety and
High Yield
Southern Gas and
Power Corporation
Preferred Stock.
for particular*
Gas Light Company
of Augusta.
=Financial and Commercial News=
Merkel Qmi Steady;
Augusta Spots 23,19
Spot cotton in Augusta closed Wed
nesday at 23.19, exactly the samo as
Tuesday's close. All grades on the
local market were chalked up at the
Cotton Exchange ns "unchanged."
There was very little to the weekly
report of the Department of Agri
culture. The report, if anything, was
more bearish that bullish, if con
struction from such an angle cared
to he put on it. Private reports are
bullish hut the market does not seem
to pay much attention to them. It
looks as though the market is struck
for present levels, that is, it will pro
bably settlo In the neighborhood of
present levels.
Discussing the market W. J. Wool
man & Company of Now York says:
"After endeavoring for the last sev
eral months to make up Its mind on
the question of tho probable supply,
the cotton trade Is getting ready to
consider demand for the new season.
Tho size of tho crop has not bet n
fully determined, but from now on
with the ginning figures giving their
convincing evidenco on the question of
production, this phase of the situa
tion soon will he discounted. The
reports forthcoming on October 25
will not be conclusive In this respect,
hut they will go far toward enabling
cotton merchants and manufacturers
to form their judgment as to the size
of the season's yield.
This has been a most remarkable
year in cotton culture. The crop has
had many ups and downs, hut It bids
fair to be a moderately large one,
almost a bumper as measured by the
yields of the three preceding years.
The season started out auspiciously.
A hard winter with low average
temperatures in January and Febru
ary. accompanied by severe freezing
In certain areas of the belt, succeeded
In practically eliminating the weevil.
At any rate, the ravages of the pest
were far less than It was believed
would be possible a year or so ago.
“As a matter of fact, the initial in
festation of the weevil has been to
light, and the pest has been held so
greatly In chock by hot. dry weather
In July and August, that manufac
turers of calcium arsenate and wee
vil control compounds have found a
poor market for their wares. This
does not moan that they will not ho
needed next season, for the winter
survival of the boll weevil may he
sufficiently largo to cause great dam
age next season and promote an ur
gent need for insecticides.
“The planting season was a lata
one, owing to an unseasonably (told
spring. Much replanting was neces
sary. However, this was accomplish
ed under rather favorable circum
stances, owing to the absence of
heavy, washing rains.
"Along in May the weather turned
unusually warm, nnd where the young
cotton had received sufficient mois
ture the growth was rapid and cul
tlvation was prosecuted under pro
pit Jous conditions. This was parti
cularly the case in Alabama. Missis
sippi, Arkansas and Georgia The
two Carolinas suffered from too
much rain in the lata spring, and the
crops in both North and South Caro
lina are expected to bo considerably
short of last year.
‘•When it comes to individual states
it may be conceded that Texas has
been a decided disappointment. The
acreage in thi3 vast cotton growing
district was of record proportions,
exceeding, according to the estimates
or the Department of Agriculture tho
huge total of 15.000.000 acres. Much
virgin land in west Texas was de
voted to cotton. Ginning machinery
was established in areas,hitherto em
ployed exclusively for cattle ranges.
Fields of cotton stretched in unbroken
rows miles upon miles In west and
northwest Texas.
"Cotton growing In this district is
always more or less of n gamble
Adequate moisture Is forthcoming
only In fortunate seasons. If rain
comes In the desired quantity a huge
crop can be grown, for the weevil is
practically non-extstent in this area.
Texas, however, had another drought
this year, and it was even more pro
tracted thnn it was in 1923, although
temperatures did not roach such
fierce torrid heights as was the case
last year. The drought was not bro
ken until the latter part of August
and even In early September In cer
tain districts. Many fields were
white with cotton that had opened
prematurely, and it is an open ques
tion as to how much cotton will be
added as a result of late growth.
The last report on th* Indicated yield
from the Department of Agriculture
called for a production of 12.499.600
bales. It is not Improbable that this
week’s estimate, due October 25. xvlll
show some inrrease. possibly as much
ns 200.000 bales. The amount of cot
ton ginned to October 18 la expected
to reach 7,250,000 bales. The cotton
trade, therefore, la about ready to ac
cept a figure somewhere between 12.-
500.000 and 12.750.000 as a probable
yield for the season.
“Such a supply would not consti
tute an insuperable burden for the
mills of the world. This output would
be rapidly absorbed at a fair price,
and unless it should develop that the
yield was considerably In excess of
13.000,000 bales, there Is little reason
for expecting cotton to go below 20
cent* and staying there. There are
som« competent Judges who believe
that 12.750,600 bales would be ab
sorbed at an average price of 22 cents,
with the likelihood that values would
work higher as soon as the weight
of the early movement had been en
countered.
“This view I* based on the know
ledge that world stocks of Ameri
can cotton are very low. The Liver
pool Stock of American cotton Is now
only about 149,060 bales, compared
with 298.000 at the same time last
year. American mill stocks as re
ported by tho Census Bureau for the
end of September amounted t 0 onlv
514,000 bales, the lowest figure wlth-
LIVERPOOL MARKET
LIVERPOOL— Cotton spot fair de
mand; price* easier.
American middling fair H.S9
Htrlctly good n’lMdling 14.39
Oood middling 14. n
StrlctTy middling ' lo se
Middling 33 64
Strictly low middling 114
Low middling 12 99
Strictly good ordinary 12.59
Good ordinary 1199
Sale* 0,000 hale*, including 2,700
American Receipts 11,000 bales In
cluding 0,800 American. Future*
closed steady.
October 18 42
December 1333
January 13 33
Js*i'=h 13 37
July 12.23
NAVAL STORES
savannah NAVAL STOKES
SAVANNAH, 'ln. Turpentine
steady 8118: sales 200; receipts 239;
ihlpments 308; stock 11.871.
Rosin firm; sales 1,940; receipts
1.322 shipments—; stock 96.139 Quota
B D. E. F. O. H. 1. K M. >0 50;
N »0 75; ITG 87.30; WW, X 37.86.
SUGAR MARKET
NEW YORK —Raw and refined
sugar urn banged.
NEW ORLEANS SPOTS.
NEW ORLEANS. Spot cotton
steady 10 points up. Kales on the
spot 557; to arr**.e 618. Low mid
dling 21 55: middling 23.55: good mid
dling 21.65. Receipt* 18,780. Slock
2C3,79i
in recent memory. Moreover, con
sumption of cotton in the United
States Is beginning to Increase. The
consumption ift July was 346,800 bales.
11l August It was 357.000 bales. For
September It reached the figure of
435,000 bales. The tendency is plain
ly toward an increnoo.
"Exports also are on the upgrade.
Last they reached the total of 328,000
bales, compared with 241.000 for the
same week last year, and 191,000 for
the same week two years ago.
"It is the opinion of some close
students of the situation that the de
mand that was so stagnant when cot
ton was around and above 30 cents
Per pound will be increasingly active
ns cotton approaches 20 cents. On
this basis, goods can Pc manufactur
ed and Hold in large volume. The un
favorable margins for the manufac
turers will disappear and with pros
perity among the mills, demand will
take on large proportions. Moreover,
the spinners of tho world have not
been able to huy cotton In volume
around 22 cents per pound for sev
eral years, nnd It Is hardly believed
that they will ignore the opportunity
that is now being presented to them
regardless of the size bf the crop.”
N. Y. STOCK MARKET
NEW YORK. Disappointment
over the quarterly earnings of the
United States Steel Corporation end
announcement that negotiations for
the lease of the Norfolk und Western
by the Pennsylvania railroad had
been abandoned Invited professional
selling selling which unsettled the
stock market at Wednesday's open
ing. United States Steel. American
Can and United States Cast Iron Pips
declined a point each while Norfolk
and Western receded two points.
After the initial flurry of selling
had subsided, prices developed a firm
er tone under the leadership of Max
well A., mail order and chemical Is
sues. American Can and U. S. Cast
Iron Pipe retrived their early losses
and Norfolk and Western recovered
a point aa good buying support up*
peared. Maxwell A. reached a new
1924 top price at 7(1% as did United
Drug at 98. cither shares which mov
ed substantially higher Included Com
merclal Solvents A. Sears Roebuck,
Montgomery Ward and Pullman,
American Ice however, was sold In
large blocks, declining two points.
Foreign exchanges opened steady.
Prices of stoeKs fell away In a ma
jority of Instances during the dull
afternoon session with food nnd che
mical groups exhibiting the most
heaviness. Malllnson. St. Joseph Lend
and Posturn Cereal were among the
popular specialties that worked higher
with Omaha preferred nml Chicago
and Eastern prefi rred also showing
strength.
The closing was Irregular. Sales
approximated 550,u00.
NEW YORK SPOTS.
Close
Allied Chcm'col and Dye 72 L
American Can 130 ,j
American Car and Foundry 1638
American International 29%
American Locomotive 77%
American .Smelting and Ref'g. . 79ft
American Sugar 37 ft
American Tel u:id Tel 127%
American Tobacco lost-
American Woolen 53%
Amer. Zinc, Lead and Smelt Sts
Anaconda,
Atchison 108 ft
Atlantic Coast Line 134 ft
Baldwin Locomotive 118 ft
Baltimore and Ohio 61%
Bethlehem Steel 39ft
California Petroleum 21st
Canadian Pacific 149 ft
Central Leather 113%
Cerro de Pasco 46ft
Chandler Motors 31%
Chespeake and Ohi
Chicago and Northwestern 00
Chicago. Mil. and St. Paul, pfd. 21%
Chicago, R. I. and Pae 34%
Chile Copper 32i',
Coca Cola 76 ft
Colorado Fuel nnd Iron 39
Congolcum 4ift
Consolidated Gas 71 ft
Corn Products, new 36ft
Cosden Oil 26
Crucible Steel 54ft
Cuba Cane Sugar, pfd 56
Davison Chemical 44%
Du Pont de Nemours 1278
Erie 27 ft
Famous-Players Laslty 82
General Asphalt 41st
General Electric 249 ft
General Motors 56ft
Great Northern, pfd 61%
Gulf States Steel 68%
Houston O'l 69 ft,
Illinois Central .... 108 ft
International Harvester 938
lnt. Mer. Marine pfd 36%
lilt. Tel. and Tel 81st
Kelly-Sprlngfl. h] The 16ft
Kenneeott Clapper 46%
Louisville and Nashville 98'
Mack Truck nx%
Marland Oil 31st
Maxwell Motors A 69
Middle States Oil if,B
Missouri, Kan. and Texas 16
Missouri Pacific, pfd 671st
National Lead 152 ft
Now Orleans, Tex and Mex. ..,107ft
New York Central 167%
N. y , N. 11. and Hartford 24%
Norfolk and Western 122%
Northern Pacific 62%
Pacific Oil ~OZ
Pan American Petroleum 1! soft
Pennsylvania 45ft
Producers und lteflncrs 26ft
Pure Oil 23%
Reading gift
Republic Iron and Steel 43
Reynolds Tobacco U 74%
Seaboard Air Line 17ft
Scars Roebuck 11514
Sinclulr Con 16ft
Sloss-Sheffleld Stele and 1r0n... 68
Southern Pacific 93‘ft
Southern Railway 66
Southern Railway pfd 77ft
Standard Oi lof Cal 58ft
Standard Oi! «f N. J 35ft
Htudebaker Corporation 29
Texas Co 40%
Texas and Pacific 36
Tobacco Products 65U
Transcontinental Oil 4%
Union Pacific 138
United Drug 9014
U. S. Cast Iron Pipe 114%
U. S. Jnd. Alcohol 71
United States Rubber 32%
United States Steel 10714
Utah Copper Soft
Westlnghoure Electric 62%
Wlllys-Overtond 8
Woolworth 108%
Hudson Motors 27
CALL MONEY
NEW YORK—CaII money easier;
high, low, ruling rate and closing bid
all 2ft.
Offered at 2%: last loan 2ft; eel)
loans against acceptances 2%; time
loans steady; mixed collateral 60-90-
dayz. 2ft to 3; 4-6 months. 3ft to 3ft;
prime commercial paper 8 to 2 ft.
FOREIGN EXCHANGE
NEW YORK.—Foreign exchanges
steady; quotations In cents:
Great Britain, demand 456%: cables
456%; 60-day h!Us on bank;. 447%.
Fiance demand 5.24; rabies 5 24ft,
Italy demand 4.32 ft: tables 432%.
lP'lg.um demand 480%; cables 4M.
Germany demand per trillion 23ft.
IlolEnd demand 39 17
Norway, demand 14.39,
Sweden den,and 20 59.
Denmark den,and 17.22. .
Switzerland derm.ml 19.2*.
Spain, demand 13 41. ’
Greece demand 1.74 ft.
Poland demand 18ft,
Czccbo Slovakia demand 2.95.
Jugo Klavla demand 1.45.
Austria demand ,6614 ft.
Rumania demand .56.
Argentina demand 36.87.
Brazil demand 11.55.
Toklo demand 38ft.
Montreal 100.
NEW YORK SPOTS.
NEW YC-.K. -- e'otton spot quiet,
middling 24.20.
THE AUGUSTA HERALD. AUGUSTA, GA. v
THE VALUE OF MILK
WASHNIGTON, D. C.—A con
sumer survey Just completed of rep
resentative families shows that the
average consumption of milk in
Philadelphia Is 2.96 pints per fam
ily per day, and greatest among
thos* with higher family Income.
The survey was made by the Unit
ed States Department of Agricul
ture in co-operation with the
Pennsylvania Department of Agri
culture and several local organiza
tions to determine tho factors that
control nnd effect the use and con
sumption of milk.
The 400 families surveyed were
divided Into S groups of 50 each
according to income, race, and na
tionality. Of the various groups,
the Jewish group showed the high
est consumption of milk. Smallest
consumption was found among the
colored and Italian groups. Nearly
half the Jewish people Interviewed
1 snld that milk was the most im
portant food in their household.
The Italians as a class, prefer other
beverages to milk. The colorered
group was lowest In per capita con
sumption of fresh milk, but high
est in consumption of buttermilk.
It was learned that a large per
centage of children under three
years of age drink milk, but that
with advancing age this percentage
gradually and steadily decreases. If
milk consumption is to be Increased,
declare the officials in charge of the
survey, t lie Increase must como
within the class of older children
and adults. The general impression
was found that while milk is an im
portant diet for babies and young
children, it loses its value as the
Individual becomes older.
IS A SUBSTITUTE FOR
MORE EXPENSIVE FOODS
People who drink milk apparently
do so because it Is a pleasing bev
erage rather thnn because it Is
considered a food which cun ho
used to god advtantage as a sub
stitute for other and more expen
sive foods, the survey showed. "Like
it” constituted 55 per cent, of the
reasons for drinking milk, whereas
health and food Value rnudo up 25
per cent, of the reasons.
Forty-nine per cent, of the rea
sons advanced for not drinking milk
were to the effect that people did
I not like It. Milk Is considered by
some people as a sort of medicine
to he taken only In case of Illness
or poor health. Care In the prepara
tion of publicity to avoid giving the
Impression that milk Is a beneficial
food for invalids only should serve
in a measure to correct this attitude,
say the doral and stato officials.
Price was no consideration to
seventy-seven per cent, of those
surveyed, and they stated that a
fluctuation of a cent or ao either
way should not change the quantity
e nsumor. Eleven per cent, said
they wou.d use more milk If the
price was liwer, and slightly over 3
per cent, said they would tire more
! ir. case of sekness. Over 77 per cent.
of tho families Interviewed said
I that changing seasons do not affect
I consumption, but 12 per cent, said
they use more milk in cold weather
beenus* of Increased cooking. Ten
per cent, use more milk In summer
than in winter principally for
drinking purposes as a substitute
for coffes. tea, and other hot
drinks.
ÜBE OF MILK IS
| ON THE INCREASE
Eight per cent, of the food bill
1 is used to purchase milk, according
I to 240 housewives. Jewish people
spent 16 per cent, of their food
budget for milk, us do also tho peo.
Ipe wit It hotter than average in
come. Answers from 141 mall ques
tionnaires Indicated that fresh veg
etables and meat are considered the
foods of greatest importance, with
bread next and milk fourth.
Condensed or evaporated milk In
addition to fresh milk is used by
29 per rent, of all the families in*
terviewed, and by 62 per cent, of
the poor families. The average eon
sumption of cream per family was
1 found to be 0.5!) pints a week; but
[ tormllk 0.76 pints; butter slightly
over 2 pounds; cheese 0.42 pounds.
Only 23 o fthe 400 housewives knew
1 that milk was cheaper In I’htlndel
phla than In other largo cities.
The survey brought out the fact
that 54 per cent of the children
were drinking milk in school, and
the mothers felt that drinking milk
in school had Induced children to
drink more ntilk at home.
Fifty restaurants w„-e studied to
determine how the use of milk In
such places differ from the use of
milk in homes. It was found that
I an average of 0.25 pints of milk
I per person is used at each meal, as
compared with per capita eonsnmp
! tion of 0.21 pints per meal In homes.
' The first-class restaurants use the
! most milk per person and lunch
| rooms the least.
More milk is sold for drinking In
cafeterias than in any of the other
classes of restaurants. It was found
that whereas two-thirds of the milk
u*»d In homes Is for drinking and
j ono-thlrd for other uses, the pro
portion Is the reverse In restnu
: rants.
; A copy of the complete report
1 may he obtained, as long as the
supply lasts, by writing the Bu
reau of Agricultural Economics,
TJnted Btntes Department of Agri
culture, Washington, D. C.
LIVESTOCK MARKET
CHICAGO CATTLE. HOG AND
SHEEP RECEIPTS.
CHICAGO. - llf.Rs. 23,000 r low,
mostly latter 250 to 825 pound
to 10 10; IJfO to 225
pounds $R.7r» to 0.65; 110 to 170 pound*
|6.50 to 8 85.
Cattle. 24,000 atfiidy; bull* wnik;
ppot* 10 to 15 low or; voal rnlvpw
around steady; bulk t-. #;«< kera SIO.OO
to 10 60. •
Sheep, 15,600 lambs generally
steady; hulk desirable natives 813 50;
hulk ewes 84 (6 to 7 00.
ATLANTA CATTLF AND HOO
RECEIPTS.
ATLANTA, GaCattle, 200: cutter
steeers 300 to 350; etockr.re 13 50 to
4 60; beef cows 83 00 to 4 00; runners
and cutters 81.50 to 2.75
Hogs, receipts 8C(I steady; practi
cal top nnd bulk 165 pounds and up
810.80; 120 pounds to 160 pound, most
ly 89.50; slaughter p:ga 88 50 to 9.00.
DAIRY MARKET
CHICAGO BUTTER EGG AND
POULTRY RECEIPTS.
CHICAGO. —Butter higher cream
ery extras 38. ntnndnrds 36; extra
firsts 35ft to 36ft: Greta 31 to 33, ee* I
conds 28 ft to 29 ft.
Eggs unchanged.
Poultry alive higher; fowls 16 to 22;
spring* 22; roosters 15; turkeys 23.
NEW YORK BUTTER rft o AND
CHEESE RECEIPTS.
NEW YORK.—Butter firm; cream
ery higher than extrac 40ft to 411
creamery extras 40; do flre'J 33ft to
Vj.
Eggs firmi fresh gathered c„ira
fir.it* 61 to 66; cheese Irregular.
STOCK MARKET
(Corrected by Augusta Stock Yards.)
CATTLE.
Common 2 ®2ftc
Ordinary ;| <tf3fto
Good 3ft®4c
b ancy 4ft®so
CALVES.
Common 4 {JSo
Ordinary 6 <jj’7c
Good 7 (iilfto
Fancy s ©Size
HOGS,
75 to 100 pounds Oftc
100 to 125 pounds 10c
125 pounds and up 100
STOCKS AND BONDS
(Corrected by T. D. Carey .% Co.)
STOCKS: Bid. Ask.
Augusta Factory id ---
Augusta and Sa\* R. R... 94 99
Bon Air Hotel Cor. coin... 62 67
lion Air Hotel, pfd 62 67
Citizens * Sou. Bank 256 255
Enterprise Mfg. Co 9.5 162
Georgia It. It. Bank C0...195 193
Gvanltevllle Mfg Co 165
John R. King pfd 104
John I'. King, com 110 1i!0
National Exchange Bank.lo6 lid
Sibley Manufacturing Co.. 65 75
Southwestern Railway ... 99 101
Union Savings Bank 140 15'i
BONDS: Bid Ask.
Augicda Factory Bs. 1941. 99 101
Bon Air Hotel 7s. 1D42...101 103
City of Augusta (basis).. .4.35 r«
Ga. R. R. ,tr It kg, 4a. 1917 83 85
Ga. R. 1!. * Bit. Co 6-< 1951..108 ---
Granltevllle Co. 7a, 1912...101 103
Langley Mills 7s, 1943 97 99
Sibley Mfg. Co., 7e. 1942,.101
State of Georgia (basis). .4.259
PRODUCE MARKET
Flour—Hard wheat, 98-lb. cot
ton sacks, bhl 97.75
Flour—Plain, 98-lb. sk*„ bbl.. 7,70
Flour—S.-R., aks.. bhl 7.80
Flour—S.-R., 4S-lh. aks.. Uhls... 7.15
Flour—Best plain, 98-lb. sks.,
barrel 6 75
Flour—S.-R., 24-11,. ska., hid... 7.16
Flour—S.-R.. 2»-lh. sks.. bids.. 6.55
Buekhsnt. 24-pkg. case 355
Grits, 24 2», tie - case 1.90
Grits, 12 3k, per case 1.90
Grits, fine nnd medium, 90s
per Rack 2.40
Meal, 965, per sack 2.50
Meal, 48s, per sack 1 22ft
Meal, 245. per sack 05
Rice—Fancy. No. 864 or Nd. 112.
100-lh. sks.. lb 06%
Rice, fancy. No. 08. lb 07ft
Wesson Cooking Oil. 24 pints.. 5.75
Wesson Cooking Oil, 12-qt. case 6 40
Wesson Oil, 6 1-gal. rann, case. 9.80
Axle Grease, 10c size. 1-lb, 4
dozen *75
SEEDS.
Amber Cane. 150-lb. sks 60
PEANUT QUOTATIONS
(By THE QA. COTTON OIL CO.)
Carload lota f o. b. shipping point,
SBS. Wagon load lots, SB2 per ton.
(These quotations are subject to
change without notice.)
SOUTHERN COTTON MILL
STOCKS
Southern cottr.n mill stocks si Quoted by R 9
()l>'kaon ami Company, of Gastonia. N. C.. and
Greenville, 8 C.: Hid. Aik
Acme Spinning Co in JOO
Arcadia MM* 200 285
Amerlean Spinning Company -- - 294
Am. Yarn and proc. Co PI p:
Am Yarn ami Proc Co.. 8% pfd. .Hi*.! lfs
Anderson Colton Mill* 102 108
Arlington Cotton Mills 100 low
Aram* Cotton MI U (8. C.) m I.M
Arcade Cotton Mills 80 *5
Arrow Mills - Or.
Art C’oth Mill j OS OH
Augusta Factory 45
lie ion Cotton Mill* . 64 17
nclt'ii Cotton Mills, 7 r 't pfd 82 05
I tea uniont Jin nut act or lug Co 4ID
lllhlt Manufacturing Co 180 -
nrogon Mills 110 112
Clara Manufacturing Co 67 01
Clifton Manufacturing Co 134 111
raharms Cotton Mills 144 100
Cabarrus Cotton Mills, T'» pfd 104 ~
Chadwlck-H(c<klns Co. (Car. s2ft) . 17 2D
('hadwick-lloaklns Co., H7t j>f<i.... 102 101
riicaitM Mills 110 137
China Grove Cotton Mill* 103 - -
ChlQuola MsuufacTurin* Co 23,1 Cflj
Chlquo a Mfg. Co . O r pfd «1 ~
Calhoun Mills 120 123
Camion Mfg. Co. (P*r sin> 11V8
Clover Mill* Do
Climax Spinning <V> 110 1-1
Crp»ewit Hpinn tngCo pi 96
Columbus Mfg. Cot (Gfl ) 12» I*s
Converse, D T. Co 117 12d
Cowpcns Mills ——“ T 4
Darlington Manufacturing C 0...... 67 vl
lilxou Mil's P 3 101
Drayton Mills . l'>l
Diiuean Mills 163 103
Dmieaji Mill*. 7% i»*d 98
Durham Holery, V/c pfd. ........ 3* 42
Durham Hosier y"It" ............ 3 0
Eastern Manufaeturlng Co. ....... 3.3 Ti
Cagle Yarn Mills *1 63
Kagle and Phr>eelx (fJa.) 163 170
Hflrd Manufacturing Co H 9 “
Krwln Cotton MU'* Co « 141 —~
Krwln Cotton Mills Co.. 0% pfd... 103 -
Flint Manufartirtnc Co —— I*6
Gaffney Manufacturing Co kl 91
Cllwon Manufacturing Co. lit —* "
Ulotio Vain Mill* (N. C.) 49 64
Gray Manufacturing Co. ‘"6
film wood Cotton Mills 123 135
Gluck Mills 129 1»4
Grende] Ml Ms T:
Grende I Mill*, pfd 7% (par 950) .. 47 50
Granltevlll* Manufacturing Co 73
Hamrick Mills 145 153
Dane*. P. If. Kn'ttlr.g Co 7 % 6*4
Hanes, l* H. Knitting Co 1% pfd. 101
Henrietta. 7% pM —” ®®
Tfun'er Mfg. and Com. C«». 7% pfd. 94 ®*Vi
Imperial S’srn Mills ill 121
Inman Mills 150 ~~
Inman Mills. 7% pfd 1«!
Jennings Cotton Mill «*..••• IW 265
J I n Mills 153 141
Jrntson Mills 77# pfd 162 10J
ng. Jno p Mfg. Co }«•
Limestone Mills 145 13®
Unford Mil’s *« “
Lola Manufacturing Co —— 60
Jxw'ka Co'ton Mill* Co. •—-* 164
Laurens Cotton Mill* 143 180
Mahwtto Mfg Co 134 ~
Man field Mills 16® 1«J
MaMboro Cotton Mills <1 •»
Mills MIII J 65 800
Mills Mill. 7% pfd J*]
Monarch Mills (8. C.) I*l }JJ
Moi'ohon Manufacturing C 0....... 11® **•
A'ooreavllls Cotton Mills 91 ®3
Musgrov# Cotton Mills <6O
Myers Mills «0 J*
Myrtle Mills *® **
National Yarn Mill 190 »*?
Newham Cotton Mllla .••••.••.. 173 I*l
Norris Cotton Mllla Co ®*
f)rr Cotton Mills I®* l*j
Off Cotton Mills. T % pfd. 97 I®
Parkdal# M'lis 8® 93
Paeoiet MainifaHurlna Co 90S IDS
Paro'et Manufaeturlng Co 7% pfd 10*
Piedmont Mfg Co . m o 132 I*3
Prrfsrtlon Hplnnlng Co.. 4, B't 93
foe, V W . Mfg. CO 12* 177
Poinsett Mills 97 1"0
pri nils spinning C 0............ 45
lisnio Ms mi fact wring C 0... ••..... 116
Itl»er«lds Mllla (par 112.80) 9* 14'4
ttlve stda and Dan Hirer 82" 2?®
flimslg# and Dan Hirer 0% pfd.. 161 I*l
It .wan Cotton Mllli r’o 95 9*
Koannks MH s. )*t pfd, 7Vfc6k.,.,...10H/fc ——
It' * units Mills, 2nd pfd. »7 )00
fl< emarr. pfd. 7*4% 63 f*
fllirne Hou*er Mfg Co *0
Mason Ml’ls 160 103
Merr.inole Cotton Mill# Co *• 92
8H \~J Mantifaeurlnc Co. ,<Or) .. 42 47
Kpartan Ml"* 180 183
H’erllDg Hplr.nlng Co 160 I®T
H '»« Hptnnlng Co 86
Toiawi* Mills
t'tdon- HuffSlo Mllla 63
rr l n-Puffs o Ml‘m, Ist pfd 7% . ft* 9*'
fniw Huff Ho Ml]!*. 2nd pf<l. 8%. B3V* 57 U
VI- tor Monaghsm Co. 167 l63tf
V<-or M ruidmi Co. pfd T%....1®9 111
Vietory Yarn Mills Co - TI
VWory pfd . •* 6®
Wars Hhnals Mfg Co 178 19S
Watti Mills. Ist Pf(l . 7% 161 164
Watts Mils. 2nd pfd, 7% I*6 112
tVlnfet Yarn M)> a C 0... 4| 73
sVl»'#*»e:t, MU* Cy 181 »29
Wi.Hams nu Mii’s 266
V.'ff"Nlde C«. t,„ Mills 114 117
Woo(i«!<l» Cm to t, MJi's. 7% pfd... 81 I'lVfc
sV..,druff Cotton Mil* W I*o
Arertted intcrnt to L» added to |tvaf*>rred 8ls«t
quota t|«ms.
The e»oeVs fpio>ed shoe* f»r»rree«t ftfleea at
• huh w# bate huyers, grid p lr#* at whleli we
ran sell All quotations suhjett to rhange with*
out notice
Chicago Potato Market
CMlCAHO.—Pntatoeg frntllr.K glow:
fnarWt gltirhtly wopk: Mlnneeotn and
,»qrtb riBW»tB "PtflcMl Red rl\'fr Ohio's
f»n to )oft; P'.titH Tmkotfte wprked eprly
Ohlos bulk 45 tD 75; bulk round whHne
70 to F's M’nm j"»tn bulk round whiles
(i»t to 75; 70 to 85 Wisconsin
' iCkfitl round whites 75 to 50.
CHICAGO GRAIN MARKET
CHICAGO. Moderate commission
house selling, together with lack of
•sustained demand, turned the wheat
market downward In price today,
fractional changeu developing hack
and forth.
Corn nnd .cats were easy owing to
sympathy with wheat. After opening
unchanged to half cent down, coni
scored fractional gnlns but then
underwent losses all around.
Oats started at a shade to %o off.
hardened a little, and then sngged
lower than before.
Provisions \vi t o Irregular, lnrd de
veloping strength, whereas ribs acted
Weak,
Wheat closed firm 1% to 2e net
Corn closed buoyant 2% to 3%0
higher.
Open High Low Close
WHEAT
Dee 141% 141% 140% 141st
■May ... 147 149% 146% 1411 ft
Julv ... 131% 133% 130% 133%
CORN—
Dee 165% 167 ft 103 ft 107 ft
May .... 107 ft lit 107 110%
July .... 107% 111% 107% 111%
OATS—
Doe 49ft fxlft 49ft 60%
May 54 55ft 53% 55
J 111 k 51% 53ft 51% 62%
RYE—
Dee 125 ft 124% 121 c 124 ft
May ... 125% 127';: 123 ft 126%
LARD—
Nov. ... 1485 1520 1485 1520
Jan. ... 1380 1410 1380 1410
RIBS—
Nov. ... 1240
Jan. ... 1175 11S0 1175 1180
BELLIES -
Nov. ... 1365
Jan. ... 1329 1232 1230 1232
CHICAGO CASH GRAIN
CmrAGO.-Whoat No. ? hard 13*
o. n hard to 138.
Pom No. 2 irtlxrd 1041', to 101*4; No
2 yHlow 104*%; Ont* No. 2 white 47*4
to 47"*; No. 3 white 45 to 45%. nvo
No. ?. TlOiJ to 120% Ttnrlev 70 jto
84; tlmothv 4.50 to G T.ft; f'lnvcr 18 00
to "8 000; lard 15.55; ribs 18.50; bellies
14.02.
St. Louis Gasb Grain
RT. TxOITIH.--Cash wheat No. 3 reil
150 to 1555; No. 3 red 147 to 148
Corn No 3 white 105: No. 2 yellow
10C». Oat* No. 2 white 50; No. 3 white
to 40.
NOT DISPUTED
BY FAILURE TO PAY
CAROLINA POLL TAX
COLUMBIA, S. C.—Failure to pay
pull tax dues not disqualify a citi
zen for bolding office, the South
Carolina aupreme court held Wed
nesday In the Kershaw county elec
tion case brought before It by Rep
resentatlvo J. H. Munn, in an ef
fort to prevent the name of W. L.
Del’asso. Jr„ from going on the
democratic ticket for the house of
representatives. Dcl’usso was nom
inated for tlie office In recent pri
maries.
The ense wna brought in the ori
ginal Jurisdiction of (lie supreme
court by Munn. W. J. Mangum and j
others, to enjoin the state democra
tic committee from placing the
nam" of Del’asse on tlie ticket for
the November election. Grounds
set out wero that DcVnsse was not
| qualified to fill the office by rea
son of the fact that lu- had not paid
hi* poll tax. This, however, the
court hold, dqea not disqualify
him.
A new trial was tefuged Jobe
Wood, of Barnwell county, convict,
ed of manslaughter in 1923 nnd
sentenced to five years' imprison
ment. The nppfnl was hnsed on the
ground that the Jury that tried
Wood was drawn an "Illegal Jury”
ns certain Jurors drawn resided
without tho flve-mllo radius of the
courthouse.
LOOK FOR
ROGER W. BAUSON'S
WEEKLY ARTICLE
On Marketing, Finan
cial and Business condi
tion* every Friday on the
Market Page of the Au
gusta Herald.
This week Babson dis
cusres the relations of
dirigible* to business of
the future. A sweeping
change in transportation
fr.*om the inland and ica
ccast cities of America to
foreign ports across the
seas is predicted. Though
so-called hard headed
business men laughed at
the steamboat as Fulton’s
folly; said the horseless
carriage was an imprac
tical toy. But without the
railroad and steamboat
the development of the
West would have been
almost impossible. Streot
railway men scoffed at
the motor bus as a prac
tical means of transporta
tion. Today they realize
thc r i- error. Cable com
panies laughed at radio,
though a large pnrt of
today’s Trans - Atlantic
communication is thus
carried on to say nothing
of communication with
rhip*. All of these sub
jects are discussed bv
Babvon *n developing his
views on the future of
the dirigible.
Read Bebson’s article
every Friday on the
Market Parc of The A"-
rusta Herald. He is
Amcrieft’s foremost bu*s*
r>o-». observe* and ctr.tis
tirien.
THE AHGUSTA HERALD
Augusta, Ga.
St. Claire Confesses Hoax
Not Long Lost Son ol Eargerons
Says He Wanted Mother Love
ATLANTA. Ga -Stripped of tlm
romantic possibility that ho was a
long lost son. mourned its a fallen
hero of the world war, Robert F.
St. Claire Wednesday again faced
tho sordid monotony of life In the
federal prison here. Tuesday night
he signed a statement In which re
pudiated his claims that he Is lit
reality Urban John Bergeron, of
Men.iHha, Wls„ a story printed to
day in tho Atlanta Constitution
says.
The statement published by the
Constitution crimes ns tho climax
of several weeks of claims nnd
ucounter claims in which the love
of a mother nnd the faith of a fath
er have been pitted against cold
records of the war department nnd
the dogged persistence of a sister
who declared she was determined
her parents should not he duped.
.In the confession quoted by the
Constitution, St. Claire, who Is
serving an 18 months sentence for
transporting a stolen nutomobilo
from one state to another, says he
was prompted to impersonate Ber
geron through a yearning for Ihe
love nnd care of a father and moth
er. which, ho says, lie has never
known.
WANTED TO B'EGIN
ALL OVER! AUAIN.
"I permitted myself to believe,”
the statement reads, “that when I
was released from tlds Institution,
I could go hack to the home of Mr.
and Mrs. Bergeron ns their son and
begin life all over again. I did not,
however, take Into consideration
tho sister, Mrs. Emmerich, and that
she Would Immediately know that 1
witH not Urban John Bergeron.
From the time uho first came here
I knew that It was merely a ques
tion of hut a short time before tho
truth would be known."
St. Claire Is quoted as saying
that the Idea of posing ns Berger
on had never occurred to him until
Mr. and Mrs. K. W. Bergeron, pa
rents of Bergeron, cmne to him in
the prison hospital hero nnd as
sorted that ho was her son. "Being
an orphan, never having known ihe
lovo of a mother or father, friend
less, helpless and without any one
In ti\e world to help m", being crit
ically 111 and not knowing how long
I was to be In this world, l permit
ted these kind old people to visit me
11s their son," the statement In tho
Constitution reads.
Kt. Claire, however, made no ref
erence to tho means by which hi:
became possessed of the facts of
Bergeron's childhood life und Inti
mate hits of family knowledge,
whlVh to have convinced Mr.
and Mrs. Bergeron that he was
their son. lie ulso made no men
tion of having any knowledge ol'
tho wrller of a mysterious letter,
] named by the Constitution as Mrs.
Lucille Oldham, of New Orleans,
I who first brought him to tlie at- I
1 tention of tho Bergeron*.
DECLARED PRISONER
THEIR LOST SON.
Mrs. Bergeron In her home at
I Monnslin, Wls., received a letter
1 from New Orleans which led to the
j federal prison In Atlanta ami ihe
immediately declared the prisoner
(o be her son. Shortly afterward
she was Joined by her husband, who
supportd Ills wife In her conten
tion.
other member* and friends of the
family, however, did not share the
views of the parents and Immedi
ately instituted measures to con
vince them they were wrong. For
weeks Mm. Bergeron pitted her
mother's Intuition Hgalnst science In
tho shape of finger prints nnd ro
fUHcd to acknowledge the error
Stale Bureau of Markets
Prices below are those which wholesalers are paying F. O. B. these
consuming centers. To arrive st prices net shippers, deduct freight «o
most favorable point.
Atl’tu Aug'ta Macon Sav'nah Col’bue
Hweet potatoes, Yel. bulk load
ing. 160 pounds | 1.80 $ 1.90 | -.76 | 1.75 8 1.80
Irish Potatoes, No. 1 new. per
156-lb. sock 2 10 2.15 2.15 2 10 2 56
rnbbtign (green crated) 160 lbs... 1.75 J. 75 1.75 2.00 2.60
Block eye peas, pound 66ft .06ft 00 ,06ft 05ft
Brown eye peas, pound .04% -.—. .04 .61%
Eggs, fresh cut.died, dn*en 46 .41 .38 .40 |1
Kings, pound .22 .22 .22 .22 ,22ft
Hens, pound .21 .23 .22 .25 .23
Boosters, pound 12 .lift .11 .11 .13
Frier* ana broilers, 1 to 2 lbs.
pound 25 .26 .27 -82 ft
I«9cks, poor d .26 .15 .15 .25 .25
Geese, pound 15 .13 .13 ,12ft .17
Turkeys (bent), pound 36 .30 .28 .36 .32ft
Turkey Gomel, pound 30 .30 .23 .36 ,32ft
Country butter (best table), lb.. „:5 .33 .35 .32 .37
Country butter (cooking), pound. .2-1 .2! .20 .85 .32
Ga. cane syrup (Bbl ), gnl .75 .75 .76 75 .75
Corn meal, per 69-lb, snek .... 280 2.85 2.80 2.85 2,8 i»
Corn, No. 2, (white) sacked, bu... 1.40 142 1.46 j,46 1,45
Oats No. 2 (white) anckfld, bu 68% .70 68% .71 70
Pea vine hay. ton J 22.00 22.00 21.50 22.50 22.00
• -No market.
sTONEGa
COMPETITION AS AN
ASSET
If our customers had never burned any
coal but STONEGA and ADMIRALITY
they would not be particular about the
quality of tho coal nor the efficiency of
the service.
But the coal business is keenly competi
tive, and it is this competition that enables
STONEGA and ADMIRALITY users to
make comparisons—in favor of “General”
Coals and “General” Service.
GENERAL COAL COMPANY
South-rn Galas Office
615-17-19 Johnston Building
CHARLOTTE, N. C.
STOCKS AND
BONDS.
claimed by her family nnd friends.
About two weeks ago her dough
tor, Mrs. Stella Emmerich, came to
Atlanta where her mother had been
making almost dally visits to the
federal prison, nnd re* übout tear
ing tho mask from Kt. Claire site
said he was wearing. She was
present last night when the state
ment was signed, tho Constitution
says.
Once the questions was raised
officials at the prison asked the war
department to compare tho finger
prints of HI. 'Claire with those of
tecord In Washington aa being Ber
geron's.
Shortly the nnawer came that
they did not coincide. Since then,
the officials side of the case lias
been closed. The task has boon to
bring about the confession and to
convince the parents.
Mr. and Mrs. Bergeron have re
turned to their home In Wisconsin,
where copies of the statement will
he sent them. Mr*. Emvmerleh said
last night, however, that she be
lleved her mother will visit Hi
Claire again before she is finally
convinced she Is wrong, the Con
stitution says.
Mrs. Emmerich will leave Atlan
ta Friday for her home In Mil
waukee. and then visit her parents
In Menasha briefly. After that, site
Is quoted In the Constitution a*
Saying, nhe will go to Ne-.v Or
leans. where she will conduct an
Investigation Into the motives of
the woman who Is said to have
written the letter which started the
strange case.
DEWBERRY GROWING
WASHINGTON, R C. Although
Aultf-cl to many type* of *olln. the
do wherry I* mont extirndvely grown
on ronrse aandy loam*, say* Farmera’
lhilletln 1403. iJcwborry Growing, re
oontly puhltniiod l>y the United States
Department of Agriculture. Its deep
rooting system enables the plant to
obtain molnture from Biich soils bet
ter than many other crop*.
The dewberry, also called trailing
blackberry. Is extensively grown In a
small number of localities In North
Carolina, Michigan, New York, and
I New Jersey where, because of tli«
I skill of the grower* In using ape
rial methods of training and cuulture,
it Is very profitable.
The bulletin call* attention to cer
tain of t!V«e operation* that ha vs
broil found essential. In the North
Carolina dewberry section the opera
tions of grentrst Importance seem to
be the removal of All canes, old and
new, ns goon ns the crop la picked;
the application of lnrge uunntltles of
fertilizer In early spring nnd again
In midsummer lmm»d ! ately after the
rnn«‘H have been cut out; nnd the
tr:»lnln«T of the ennes to tall stalks
fn the Michigan section the fever
ing of the hnsnl port of the ennes in
late fall to prevent winter Injury Is
considered of primary Importance. In
the New York section protection from
winter Injury by showing weed* to
grow and cover the canes Is thought
to he necessary.
Copies of the bulletin msy he hnd
free, ns long es the supnlv last*, by
writing to the Depertinent of Agricul
ture. Washington D C
Brooks, Hyman 8c Co.
62 BRAVER KT. NEW YORK.
—Member*—
New York Cotton Exchange
Represented by
R. E. ALLEN, Jr., Augutta, Ga.
Order* nollctted for the purchase
and sale of Cotton for future de
livery.
COAL
COKE!
ELEVEN