Newspaper Page Text
THURSDAY. OCTOBER 30
COTTON AND
GRAIN.
THE WEATHER
(Forecasts til! S a. tu. tomorrow.)
Augusta and vicinity: Fair tonight
and Friday.
Georgia: Fair tonight and Friday;
sightly warmer in southwest portion
tonight.
Weather Conditions.
Low pressure in the plains states
is causing fume cloudiness hut very
little rainfall.
High pressure over eastern areas
continues to he attended by general
ly- fair weather.
Weather Data.
Highest temperature yesterday TO
degrees; lowest temperature this
morning. 46 degrees.
River stage at 8 a. m., SI).
Rise in 24 hours ending 8 a. m., .2.
Moon tonight: Sets S:114 p. m.
Relative humidity yesterday: 8 a.
m., 08; 12:20 p. m., 54; 8 p. m.. 80.
E. D. EMIGH.
AUGUSTA COTTON
Spots 23.13
Wednesday. 23.19
Last Year. . 29.75
PRICES BY GRADE
Close
Middling fair £4.13
Strict godd middling 23.88
Good middling 23.60
Strict middling
Middling 23.13
Strict low middling 22.1 u
Low middling J 1.13
Strict good middling 2 2 o
Good ordinary 1913
RECEIPTS AND SALES
Re- Spin- Ship- year
ceipts Sales ners ments r'pts
Saturday 1363 394 113 631 3G2.i
Monday 2796 239 125 229 G
Tuesdav 2917 493 229 6JO 3272
AVednesd’y 173 G 6G7 300 1426 2177
Thursday 1742 310 372 948 1731
Receipts from August Ist, 1924
to October 30th, 1924 101,323
Receipts from August Ist, 1023
to November 1, 1923 94,822
Stock in Augusta October
30th, 1924 44,698
Stock in Augusta November
Ist, 1923 81,781
A PROCLAMATION.
Submitting a proposed amendment
to the Constitution of Georgia to be
voted on at tho General election to be
held on Tuesday, November 4th. 1924,
said amendment to Paragraph 3, Sec
tion 4, Article 3 of the Constitution
of the State of Georgia, to provide
for Biennial sessions of the Genera'
Assembly.
By His Excellency,
Clifford Walker, Governor,
State of Georgia,
Executive Department,
August 21, 1924.
WHEREAS, the General Assembly,
at its session in 1924, proposed an
amendment to the Constitution of this
State as set forth tn an Act approved
August 6th, 1924, to-wlt:
GENERAL ASSEMBLY, BIENNIAL
SESSIONS.
No. 365.
An Art to amend Paragraph 5. Section
4. Article 3 of the Constitution of the
State of Georgia, bj? striking the words
and figures “October, 1878," in lins
three and inserting in lieu thereof the
word and figures “June, 1925,” and by
striking the word "annually" in line
four and inserting In lieu thereof tho
word “biennially" and by striking the
word "fifty" and inserting in lieu there
of the word “sixty," so as to provide
for the meeting of the General Assem
bly biennially instead of annually and
for sixty days Instead of fifty and the
manner of submitting same for ratifi
cation. and for other purposes.
Section 1. Bo It enacted by the Gen
eral Assembly of the State of Georgia,
and it is hereby enacted by authority
of tho same, that Paragraph 3, Section
♦. Article 3 of the Constitution of the
State of Georgia be and the same Is here
by amended by striking the word anlf
figures "October, 1878." in line three
and inserting in lieu thereof the word
and figures “June. 1925,” and by strik
ing the word “annually” In line four and
Inserting in lieu thereof the word "bi
ennially.” and by striking the word “fif
ty" in line six and inserting in lieu there
of the word "sixty," so that when said
Paragraph 8, Section 4, Article 3 of the
Constitution is so amended it shall read
as follows:
“Paragraph 8. Meeting of the General
Assembly. The first meeting of the Gen
eral Assembly, after tho ratification of
this amendment to the Constitution, shall
be on the fourth Wednesday in June,
1925 and biennially thereafter on the
earn day. until the day shall be changed
by 1. w. No session of the General As
sembly shall continue longer than sixty
days; provided, that if an Impeachment
trial Is pending at the end of sixty days,
the session may be prolonged till the com
pletion of said trial."
Sec. 2. Be it further enacted by the
authority aforesaid, that when said
amendment shall be agTeed to by a two
thirds vote of the members elected to
each House, It shall be entered upon the
Journal of each House with the “ayes"
and “nays" thereon and published In one
or mere newspapers In each Congression
al District in said State for two months
previous to the time for holding the
next general election, and shall, at the
next general election, be submitted to the
people for ratification. All persons voting
at said election In favor of adopting said
proposed amendment to the Constitution
ahali have written or printed on their
ballots the words: “For ratification of
amendment to Paragraph 1, Section 4,
Article 3 of the Constitution of th* State
of Georgia, proyldtng for the meeting of
the General Assembly biennially;" and
all persons opposed to the adoption of
said amendment shall have written ot
printed on their ballots the words:
“Against ratification of Amendment to
Paragraph 8, Section 4, Article 8 of the
Constitution of the State of Georgia, pro
viding for the meeting of the General
Assembly biennially,” and If the
majority of the electors qualified
to vote for the members of the General
Assembly voting thereon shall vote for
the ratification thereof, when the returns
shall be consolidated, as now required
by law in elections for members of the
General Assembly, and return thereof
made to the Oovemor, then he shall de
clare said amendment adopted and make
proclamation of the results of said elec
tion by one insertion In one of the dally
papers of this State, declaring the amend
ment ratified.
Sec. 3. Be It further enacted that all
laws and parts of laws In conflict with
this Act be and the same are hereby re
pealed.
NOW, THEREFORE I, Clifford
Walker. Governor of said State, do
Issue this my proclamation hereby de
claring that the proposed foregoing
mendment to the Constitution Is sub
mitted for ratification or rejection to
Ibe voters of the Puts qualified to
•ote for members of the General As
n.bly at the General election to be
!d on Tuesday, November 4th. 1924.
CLIFFORD WALKER,
Governor.
, the Governor.
... g. McLendon.
'letretary of State
sll.’.S 55.a2,?,16.23,80
=Financial and Commercial News=
i
| CLOSING QUOTATIONS ON |
I NEW ORLEANS AND NEW
1 YORK COTTON EXCHANGES |
The following quotations from New
York and New Orleans were posted
on the Augusta Cotton Exchange
Thursday:
NEW YORK
Prev.
Open High f.ow Close close
•Tan... 23.65 23.66 2.'!. 40 23.48 23.85
Mar... 23.95 23.95 23.65 23.75 23A»
May... 24.10 24.14 23.89 24.00 24.07
July... 23.53 23.86 23.60 23.68 23.75
Dec... 23.47 23.E0 23.27 23.32 23.41
NEW ORLEANS.
Prev.
Open High Tow Close close
Jan... 23 46 23.52 23.29 23.35 23.47
Mar... 23.67 23.73 23.62 23.58 23.65
May 23.85 23.75 23.75 23.5 i
July... 23.59 23.64 23.41 23.55 23.60
Dec... 23.45 23.55 23.31 23.37 23.49
NEW ORLEANS MARKET
NEW ORLEANS.—The cotton mar
ket opened steady; first trades show
ed little overnight change. Prices
rallied promptly at 23.55 for Decem
ber, 23.52 for January and 23.73 for
March, or five to eight points above
the previous close, probably due to
the outcome of the British flections.
Prices soon cased off under the pres
sure of liquidation until December
and January traded as low as 23.31
and March at 23.51. The reaction was
attributed partly to less favorable
Liverpool cables, the English market
ruling easier owing to the sharp ad
vance in sterling.
Following the moderate decline in
the first half hour of trading the
market became very quiet and fluct
uated rather aimlessly within the
early range. There was little support
forthcoming from the trade, but any
tendency to decline was held in check
by the sweeping conservative victory
in the British elections. Exports for
the day totalled 36,382 hales of which
Galveston, cleared 15.903 bales.
NEW YORK COTTON
NEW YORK.—The cotton market
opened steady Thursday nt an ad
vance of four to ten points on over
night buying orders and a little de
mand inspired by steady Liverpool
cables, the advance in sterling and
expectations of further improvement
in the British trade following the elec
tions.
Liverpool was a seller here shortly
after the opening, however, coupled
with realizing or re-selling by recent
buyers. After advancing to 23.66,
January eased off to 23.43, active
months showing net losses of about
12 to 16 points at the end of the
first hour.
The early decline was checked nt
23.40 for January on trade buying
and subsequently rallies of 20 to 25
points developed on covering. Trad
ing was quiet later and fluctuations
were rather irregular. January was
selling around 23.45 at midday when
the general list was nine to 14 points
net lower. A private report esti
mated the condition of the crop at 55.?
anil the indicated yield nt 12,304.000
hales, but the figures evidentlv failed
to stimulate business materially.
No fresh feature developed In the
early afternoon, trading continued
quiet. January selling around 23.47 at
2 o’clock when the general market
was about eight to ten points net
lower.
NEW YORK SPOTS.
NEW YORK.—Spot, cotton quiet;
middlllng, 24.10.
LIVERPOOL MARKET
LIVERPOOL —Cotton, spot fall' de
mand; prices steady.
Strictly good middling 14.51
Good middling 13 56
Low middling 1311
Strictly rood ordinary 12.71
Good ordinary 12 11
Sales 5.000 bales, including 2,600
American. No receipts.
Futures closed quiet:
October 13.38
December 13.29
January 13.30
March 13.36
May 13.36
July 13.21
LOOK FOR
ROGER W. BABSQN'S
WEEKLY ARTICLE
On Marketing, Finan
cial and Business condi
tions every Friday on the
Market Page of the Au
gusta Herald.
This week Babson dis
cusses the relations of
dirigibles to business of
the future. A sweeping
change in transportation
from the inland and sea
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. Street
railway men scoffed at
the motor bus as a prac
tical means of transporta
tion. Today thev realize
theV error. Cable com
panies laughed at radio,
though a large part of
today’s Trans - Atlantic
communication is thus
carried on to say nothing
of communication with
ships. All of these sub
jects are discussed by
Babscn in developing his
views on the future of
the dirigible.
Read Bsbson’s article
every Friday on the
Market Page of The Au
gusta Herald. He Ss
America's foremost busi
ness observe? and statis
tician.
THE AUGUSTA HERALD
Augusta, Ga.
Market Closed Steady;
Augusta Spots 2113
By W. A. LUFCURROW,
Market Editor.
After a day of indecision and gen
era! sloveness the cotton market
Thursday eased off a bit and spot
cotton at Augusta on the close was
quoted at 23.13, a decline of six points
from previous closing quotations. The
market at fcast broke its deadlock of
the past two or three days, it looks
like poor business until the election
has passed over the wheel of time. It
is very likely that the market will be
gin to sag and keep up this tendency
until after such time as all political
, leculatlon has been eliminated.
. here should be some good results
from the English election. When this
will enter is speculative, as the Am
erican political situation will doubt
less overshadow for the time being
any similar aetlvlfy in foreign coun
tries.
Liverpool cabled during tiie day
that a conservative majority is prac
tically assured. The market did not
follow this to any great extent, if it
could be said that it did at all. If
satisfactory news from the British
side does not move the market up
ward, then a timid market will prob
ably be the inevitable until the Am
erican and English elections have
been well disposed of.
For the past three days the spot
quotation at Augusta has remained
unchanged, reflecting in a way tliu
strength of the hull side and the in
clination on the part of the trade as
a whole to permit things to remain
undisturbed ns much as possible un
til a portion of the imlltlcal program
has been eliminated.
During the morning R. E. Allen. Jr.,
of the local exchange was advised
by Breeder - Hyman, New York factors,
that "easier cables were due to ad
vance in sterling. Weather very good.
No particular feature. Small market
agalting the election.’’
"The Bussing Show in the Cotton
Market," as seen by Then. H. Price of
Commerce and Finance for this week
is ns follows:
"The cotton market was under the
'blight of the bureau’ again last week.
Both the weather, which was mainly
bearish, and the consumption demand,
which was mainly bullish, were neg
lected because traders feared to take
a position until the government had
exploded its fortnightly bomb, par
ticularly as it was announced in ad
vanco that the ‘par values' would not
be the only factors considered in mak
in • up the crop estimate and few con
sequently had very clear ideas what
to look for. An Increase over the
October 1 estimate was, however, in
dicated by the private reports issued
and by the favorable weather which
has prevailed, marred only by cold
along the northern edge of the licit.
Consequently the estimate of 12,675,-
OOfl bales, while a trifle higher than
expected, was not construed I •variab
ly >n light of the good trade demand
and prices actually advanced for a
moment.
"But thft government's assaults on
the market (his year are double-bar
relert uml the discharge of the second
barrel quickly accomplished what the
first had failed to do.
"The ginning up to October 18th
was reported at 7.C00,800 bales, far
larger than private reports had led
the market to believe. Tho voices
around the tickers immediately pro
nounced it an Indication of a 13,000,-
000-bale crop and prices dropped near
ly a cent a pound from the highs.
“There are of course two sides to
the hasty assumption which the mar
ket made. The ginning is almost ex
actly CD per cent of the estimated
crop nnd in view of (he good weather
that lias prevailed where the largest
part of the crop is being grown this
year it Is not inconceivable that this
percentage is about correct.
"But a, difference of two or three
hundred thousand kales in the yield
Is not now as important a:s tho prob
able consumption, for even mil
lion bales added to the moderate car
ryover will not prove burdensome If
the world's demand Is restored to
average. Before the war the world
consumed over 13 millions annually
and It is only necessary to go l ack
two seasons to find it well above 12
million. The demand has been good
and (lie basis firm. Trade abroad Is
improving.
"The dry goods markets were
allghtly more active l;u-t wek and
the mills are still increasing opera
tions. When the elections are over
tho goods trade Is entitled to a spurt
of genuine activity. Tho American
section of the Lancashire cotton trade
will officially increase its running
time on November 1 from 2CV! hours
to 32 hours a week. October export*
will probably reach a million bales.
Yet withal the process of filling the
vacuum jn the world’s cotton supply
has barely begun. There is no rea
son to suppose that 12}) million hales
cannot be absorbed at an average of
22 cents or better,
"On the other hand the ‘ln sight'
was again very # large last week and
some decrease In urgent buying la
likely after commitments for Octo
ber shipment arc filled. Inasmuch
as tho prospect of a slightly larger
supply will probably Induce mills to
continue for a time their hand-to
mouth buying, more cotton may be
for sale in the immediate future than
Is wanted.
"If the crop Is marketed In »n or
derly fashion we may not see very
serious declines from present levels.
If the 'autumnal pressure’ does de
velop more strongly than I expect the
declino will be compensated for by a
spring advance, and along about
March we shall be recalling tho old
advice not to bear the tall end of a
large crop. That Is about as near as
one nan guess as to the probabilities.
We might even see a sharp advance
this fall If there should be an early
general frost or a destructive storm.
"On the last notice day for the
delivery of cotton on October ron
trarta In New York the premium
which that month had maintained
over the later months, which at one
time reached 101 points over Decem
ber, disappeared entirely under ex
tremely heavy notices. This must
be gratifying to the trad* as It will
discourage tjie manipulation of the
near positions, whose enforced prem
iums have so often disturbed the
proper functioning of the futures
market In providing a hedge to the
trade."
Bt. Louis Casta Grain
RT. LOUIS —Cash wheat No. t red,
s<itf.l.r.«; No. 3 red. sl.4«Vk«i 1.4*.
Corn So. 2 white, 91.06; No. 2 yel
low, $1.06.
Oat* No 2. white, 42%rj No. I
white, 48tM»%c.
MEN’S SOX
Full Fashioned Filk Socks.
Regular SI.OO. ll.fiO value-s
Friday and Saturday Only
60c
m
KXO DROAD
THE AUGUSTA HERALD. AUGUSTA, GA.
CHICAGO GRAIN MARKET
CHICAGO, 111.—Grain underwent a
general downturn in price Thursday
during the early dealings. Wheat
opening prices which ranged from “ c
to Use lower were followed by a
setback that in some cases went near
ly two cents under Wednesday's fin
ish.
Corn and oats declined with wheat.
After opening unchanged to one cent
off, corn fell one to 1 Vic under the
final figures of Wednesday.
Oats at (no to Vic down later con
tinued to sag.
Lower hog prices held provisions
down.
Open High Low Close
WHEAT—
Dec .... 143 Vi 4 43'.4 14061 141*1
May .... 149> t 146*1 147'1
July .... 133 Va 133' 131'j 131 Vi
CORN—
Dec 106*1 10751 105*1 105*4
May .... 110 Vi Ill's 109*4 110%
J141.V .... lit 112‘h 110% 111
OATS—
Doc 50'! 50*1 491-; 49%
»Tav 54% 65 54'! 54%
July 02% 63 02 V 4 52%
RYE—
Dec .... 124 174 i„ 151 V 123
May .... 127% 137% 121% 123%
LARn—
Nov 1520 1520 1508 1520
Jan .... 1405 1410 1400 1403
RIBS—
Nov .... ■ 1240
BELLIES—
Jan 1215 1245 1232 1232
CHICAGO CASH GRAIN
crycAGO. in.-Wheat No. * red,
11.47W1.48; No. 2 hard. 31.596Jf111.40.
Corn No. 2 mixed J 1 04%©!.66%;
No. 2 yellow. $1.05% €21.07 V,
Oats No. 2 white, 45%W49c; No. 3
white, 44%®>46%c.
Rve No. 2, $1.20 i91.i1. Barley.
754785 c.
Timoihy recil $4.85*26.50.
Clover seed sl3 0047 29 00
Lord $15.62. Ribs, $13.50. Pellles,
$14.37.
LIVESTOCK MARKET
CHICAGO CATTLE. HOG AND
SHEEP RECEIPTS.
CHICAGO, 111.—Hojtf: RecHpt*. 44,-
000; uneven; mostly 3. r >e lower; pack
ing hows, ir»o off; hulk good find
choice 250 (ft 350-pound butchers. ..9.00-
(W 9.85: 1801fD225 pounds.
140® 170 pounds, $6.50®8.15; packing
sows. $8.35®8.50; desirable pigs, $6.00
1/6.35.
Cattle: Receipts, 12,000, extremely
slow and draggy; best yearling steers,
averaging 923 pounds, sl2 50; matured
steers, $10.50; average 1400 pounds;
bulls, weak to 15c lower; few weighty
bolognuaa above $4.25; veal calves
around 25c lower: bulk $9.50®10,25.
Sheep: Receipts 15.000, fat lambs
steady to strong; desirable natives,
$13.50(013.60; no fat westerners offer
ed: 90-pound choice yearlings, $11.25;
clipped lambs. $11.50; fat sheep
steady; ewes, $4.75®7.00.
NAVAL STORES
SAVANNAH NAVAL »TOR£S
SAVANNAH, Ga.—Turpentine, dull,
81 tic; sales, none; receipts, 445; ship
ments, 1,834; stock, 10,1)82.
Rosin, firm; sales, 1,461; receipts,
1,602; shipments, 8,445: stock, 83,436,
Quote; B D H F G H I K M $6 40.
N $6.65: window glass, $7.20; water
white, $7.75.
NEW ORLEANS,
NEW ORLEANS, La.—Cotton spot,
steady. 1.5 points down. Sales on the
snot 365: to arrive. SftO. Low mld
t’l’ng. 21.40; middling. 23.40; Good
middling 23.00. Receipts, 13,930; stock
283,831.
SUGAR MARKET
NEW YORK —Raw and refined su
gar unchanged.
THRIFT IN DRESS AN ASSET
IN PERSONAL UPBUILDING
By 8. W. STRAUS,
Prealdent American Society for
Thrift.
A MOVEMENT la In progress
** which has for Us object the
encouragement of better stand-
ards of dress
among the men
of this country.
There comes
to the mind
with the men
tion of this
movement the
problem of
personal thrift
In dress. These
are questions of
more Impor
tance than
•. w. STRAUS
might seem to be the case at a
casual glance. It cannot be denied
that we are all Influenced to some
extent la our Judgment of others
by their appearance.
For example, s young man who
la applying for a position will be
at a great disadvantage If he Is
slovenly attired or If he Is flashily
over-dressed. It Is not the amount
of money spent on clothes that
counts: It is the general Impres
sion of neatness, cleanliness, self
respect, success, ambition, and re
spect for the good opinion of oth
ers, which are conveyed through
the medium of one’s apparel.
One of the outstanding charac
teristics of the miser is his sloven
ly, ill-kempt appearance. One of
the predominating characteristics
of the spendthrift Is his tendency
toward flashy clothes.
In this day and age of the world,
no man, especially the young man
with his hopes and dreams of
great success, can afford to neglect
Ills personal appearance. Clothes
do not maks the man, but a good
appearance Is part of one’s equip
ment for the battle of life.
Any movement now in progress
which has for Its object merely
making people spend more money
for clothes Is economically un
sound, hut any educational move
ment which seeks legitimately to
encourage sensible practices In
•hese matters Is worthy of praise.
The desire for flue clothes and
tho ambition to dress better than
others has proved the secret of
many a person’s downfall. But It
Is within the meaning of good
thrift to dress sensibly. Money
•pent to maintain such standards
is not wasted.
STOCK MARKET
(Corrected by Augusta Stock Yards.)
CATTLE.
Common 2 ®2%c
Ordinary 3 ©3%e
Good 3% or 4c
Fancy 4%560
CALVES.
Common 4 fljo
Ordinary u (j7o
Good 7 i«7'*c
Fancy 8 tfß%c
HOGS.
75 to 100 pounds 9%0
100 to 125 pounds 100
125 pound, and up lOc
STOCKS AND BONDS
(Corrected by T. D. Carey & CoA
STOCKS: Bid. Ask.
Augusta Factory 10
Augusta and Sny* R. 1t... 94 98
Bon Air Hotel Cor. com... 62 67
Bon Air Hotel, pfd 03 67
Citizens & Sou. Bank 250 255
Enterprise Mfg. Co 95 102
Georgia It. H. Bank C0...195 198
Granttevtlle Mfg Co 165
John F. King pfd 104 •
John P. King, com 110 120
National Exchange Bank. 106 no
Sibley Manufacturing Co.. 65 76
Southwestern Railway ... 99 101
Union Savings Bank 140 160
BONDS: Bid Ask.
Augusta Factory Ss, 1941. 99 101
Boil Air Hotel 7s. 1942...101 103
City of Augusta (basis).. ,4.361 V
Ga. R. R. & Bkg. 4s, 1947 83 85
Ga. R It. & P.k. Co 6a 1951..108
Oranltevllle Co. 7s, 1042...101. 103
Langley Mills 7s, 1943 97 98
Sibley Mfg, Co., 7s, 1942..101 -
Stale of Georgia (basis). .4.25’,V
PRODUCE MARKET
Flour—Hard wheat. 9S-lb. cot
ton saeks, bid J 7.75
Flour—Plain, 98-lb. sks„ bbl.. 7.70
Flour—S.-R., sks., bid 7.80
Flour—S.-R., 48-lb, sks.. bbls... 7.15
Flour—Best plain, 98-lb. sks.,
barrel 6.75
Flour—S.-R., 24-lb. sks.. bbl... 7.10
Flour—P.-K., 24-lb. sks.. bbls.. 6 55
Uuekheet, 24-pkg. case 355
Grits, 24 2s, per case 1.90
Grits, 12 3s, per ease 1.90
Grits, fine and medium, 90s
per sack 2.40
Meal, 965. per sack 2.50
Meal. 48s. per sack 1 22%
Meal, 245. per sack 65
Ulee—Fancy, No. 804 or Nd. 113,
100-lb. sks., lb 0(;%
Bice, fancy. No. 68. lb 07%
Wesson Cooking Oil, 24 pints.. 5.76
Wesson Cooking Oil, 12-qt. case 6 40
Wesson Oil. G 1-gal. cans, case. 9.80
Axlo Grease, 10c size, 1-lb., 4
dozen
SEEDS.
Amber Cane. 150-lb. sks 60
PEANOT QUOTATIONS
(By THE GA. COTTON OIL CO.)
Carload lots f. o. b. shipping point,
SBS. Wagon load lots, SB2 per ton.
(These quotations are subject to
change without notice )
SOUTHERN COTTON MILL
STOCKS
Rmi'h*rn cotton mill «tcrk» as quoted by It ft
I>lek*on and Company, of Gastonia. N. C„ and
Greenville. R C.j Did. mu
Anva Spinning Co »>i lol)
Arcadia Mills )go
American Rpinnlng Company 200
Am. Yarn and I’rnc. Co 04 «#7
Am Yarn and Prnc. Co.. pfd..102 105
Anderron Cotton Mills 102 106
Arlington Cotton Mills ICO log
Aragon Cotton Mi ls (8. C.) 195 131
Arrada Cottoo Mills no K 5
Arrow Mills *5
Art Cloth Mills
Augusta Fartory 45
I tot ton Cotun MPli . ftf *7
kelton Colton Mills. 7% pfd US IJ
Pesuinont Manufacturer Co 410 -
Itlhb Manufacturing Co 100 •—-
Urogon Mills 110 11?
Clara Manufaoturlng Co *7 01
Clifton MAmifact'irJn* Co 156 I<l
Cabarrus Cotton Mllla HI 160
Cabarrus Cotton Mills, 7% pfd 104 ——
Chadwlrk-lfoeUlna Co (Par. 936) .17 ?"
Chadwick Ifoaldns Co.. H% pfd.... 103 lot
Mills 1 no 197
China Crov* Cotton Mills lflt »
Chlmola Manufacturing Co 255 255
Cbl<iuo!a Mfg. Co . b r ,o pfd 04
Calhoun Mills 12" 12'*
Cannon Mfg. Co. (Par $10) ....... 14V6 *
Clover Mllla 60
Climax Spinning Co 110 131
Creimit Fplnn InjCo 91 00
Columbia Mfg Co. (Ca.) 125 m
Con»rrs*\ I> K Co 117 !?•
Cowj>ens Mills 75
Dar:lnfirm Manufacturing Co 67 ®!
Dixon Mil’s «5 ID
Drayton Mills 10)
Duncan Mill* lofl K>6
Duncan Mills, VU r*'d. 9*
Durham Hodcry, 7'T pfd. 75 Cl
Durham Hosier 5 •
Kas' -rn Manufacturing Co 55 71
Kiicbi Yarn Mills *1 *5
Kaglft aj id Phoenix (Ga.) 170
Kflrd Manufacturing Co J(0 ——
Erwin Cotton Mil's C«i 141 ——
Ilnvln Cotton Mills Co. pfd... 102 •'— *
Flint Manufacturing Co I*s
Gaffney Manufacturing Co 91 94
Gibson Manufacturing Co 121 ——
Globa Yarn Mills (N. C.) 49 M
Gray Manufacturing Co ——* 1"*
Glenwood Cotton Mills 125 I*s
Gluck Mills 1M 134
Grrndel Mills
Grends] Mills, pfd T'V (par 150) .. 47 50
Oranltevllle Manufacturing Co 75
Hamrick Mills 145 155
Ifanes. P. 11. Knitting Co 7>4 *'4
Hanes. P If Knifing Co. pfd. 101 H 2%
Henrietta, 7'7r T>fd 99
llun er Mfg. and Com. Co. 7% pfd. 04 99Vi
Imperial Yarn Mllla 114 121
Inman Mills l r, o —~
Inman Mills, T% pfd 101
Jennings Cot*on Mill •••••.. 2 r >o 955
Judaon Mills 19* I*l
Judrm Mllla pfd »*>? I®4
‘ng. Jno. P. Mfg. Co • Ht
Mrorttrne Mills 143 130
Linford Mils 90
Lola Manufacturing Co —— 90
Dxh* Co*ton Mill* Co ~~ If*
Laurens C'rtton Mllla 143 159
Majestic Mfg Co Hi *-r
Man field Mllla 130 1«]
Maiho'o Colton Mill* *1
>llll. lll’l s*s
Mill. Mill. 7"» PM ** »]
Man .fell Mill. I« Cl 11l IJ*
Mol'ohon Manufacturing Co 119 I*-
Moofesvir.a Cotton Mini 91 •*
Musgrovr Cotton Mills M
Myrrs Mills **) *3
Myrtle Mills *9 95
National Yam Mill 190 110
Newberry Cotton Mllla 124 191
Norris Cotton Mills Co - * l
Orr Cotton Mills 190 HI
OfT Cotton Mllla. 7% pfd 97 91
Parkda’t Mllla 91 9«
Paco let Manufacturing Co, ....... 203 ? ( »:»
Paco’et Manufacturing C 0 T% pfd 101
Piedmont Mfg Co. (fs C) I*2 I**
Parfactlqn spinning Oo 90 95
Poe K W Mfg Co 123 127
Mllla *7 104
PrDdlla Running Co - <3
llan Jo Manufacturing C 0..,,, 113 ——
Riverside Mllla (par sl*3l) *la
Ulve sbla and Dan Hirer 220 279
Riverside and Dan River 9% pfd . 1«1 149
fr*v»an Co*tnn MUD Co. ..... 93 •*
Roanoke Mils, it pfd. TV'* 10?’$ ~ -
Roanoke Midi. 2nd pfd. aft 97 101
Rosemary, pfd, 7V4% 94 #4
Rhyne-ffou«er Mfg Co. 30 •'»
MSXon Mils 144 145
Memifiole Cotton Mlila Co >9 97
Hlblef Mamifaeurlng (0. ,(Oi ) .. *2 07
kpartan Mllla 15" I*3
Rterl.ng Rpinnlng Co 194 147
Rtowo Rpinnlng Co 9<
Tnxawgv Mllla ('ar $25) 12 *3
l*n lon Huff ah# Mllla M
f’nlon fluffs*o Ml’as, Ist f/d 7't.. 91 95
I'nlon Ruffalo Mills. in*J pfd. 57#. 53V4 *7 , <4
Victor*.sfonagliarn Co 147 14*’,9
Vlr’or lionaghati f‘o, i<fd f'i*.... 149 111
Victory Yarn Mills Co. •■■* 71
Victory 9% pfd 01 *1
Wart Finals Mfg Co ITS 19*
Wltti Mil s. Ist Pfd . 7% 101 141
Watts Mills. 2nd pfn. 7%.. ilO 147
Wlnget Yarn Mil's Co t\ 75
s\|sr»»*e»t Mb's Ci Hi 273
Wlillamaton Mil's . 2fi - -
Mtorlable fJ/H ton Mill* I'4 JIT
uwi*:d* •t'fli mi:is, 77# rfd ... oi
Wordruff Colton Mills. . Ml
A' 'rued |uter#vt to be added to pr«f rr*d Modi
quotations
Tim s •nrV% oun’c'l a' ova rerueaent price* at
wi hsve buyers, and p-h-e* at wbldi we
can sei All quotatlona subject to changA wiui*
out notice.
Chicago Potato Market
CHICAGO. 11l pAUtOPR, Aull: Mln
neft'jta nnd North Itnkota Mr lead Kf»d
River fthloß OOfftl.OO; Hotith
♦ a narkrd early Ohio* 7f)4t7f»r* North
T>«kotA nniked mixed Ohio and round
whit**, r J( »'•: Mlnneeota niteVrd round
whltei. AOIJ7G r; Wlaconaln aocked
round whltM. 75^$0c.
N. Y. STOCK MARKET
NEW YORK.—Stock prices moved
Irregularly higher nt the opening of
Thursday’s market, the conservative
victory in the Rrltieh elections being
regarded a« a favorable Influence. H.
If. Mnlllnson moved up a point to
118%, a new high on the movement.
Ralls continued to reflect the un
usually favorablo September earnings
sttaements and oils responded fa
vorably to the ninth successive week's
decrease in crude production.
The nccumidr.tlon of certain stocks
had .1 tonic . r's. ct on the industrial
section of the list 111 the afternoon,
buying becoming more varied s\ith u
number of ordinarily obscure share*
moving up briskly. Railroads, how
ever, were neglected to a largo ex
tent although uome of the seasoned
dividend paying issues crept up slow
ly. American Can got up to
and Senrß-Roebuck to 121%. Yelfow
Cab Manufacturing was driven down
to 37%, a new low.
Heavy selling of the sugar shares
based on unfavorable trade news fail
ed to unsettle the rest of the list.
American Sugar Refining common
dropped 14 to 36 and the preferred
2% to 7714, each nt new low* for the
year. Other sugars yielded fraction
ally. Chicago Yellow Cab, which was
under pressure early In the week,
rallied 2% while American Can, Mack
Truck, Union Pacific and Chesa
peake and Ohio preferred sold a point
or more above Wednesday night's
final quotat'ons. Marked strength of
sterling exchange In reflection of the
- Mvo victory In the British
elections featured the foreign ex
change market, other European ex
changes showed slight Improvements.
The cloning was strong.
Sales approximated 705.000 shares.
NEW YORK STOCK LIST.
Close
Allied Chemical and Dye 73
American Can 133
AJherlcan Cnr and Foundry 164
American International 29%
American Eooomotlv© 79%
American Smelting and Refg 80
American Sugar 36%
American Tel and Tel 127%
American Tobacco ....166%
American Woolen 54%
American Zinc, Read and Smelt. 8
Anaconda Copper 36%
Atchison 108
Atlantic Const I.’ne 136
Baldwin Locomotive 118%
Baltimore and Oiho 61
Bethlehem Steed 40%
California Petroleum 21%
Canadian Pacific 1*9%
Central Leather 14%
Cerro de Pasco 46
Chandler Motors 32
Chesapeake and Ohio 83%
Chicago and Northwestern 60%
Chi. Mil and St Paul pfd 21 4
Chicago, U I and Pac 34%
Chile Copper 32
Coca-Cola 76
Colorado Fuel and Iron 34%
Congolcum 42
Consolidated (Tan 71
Corn Products, new 36%
I Coaclen Oil 26%
Crucible Steel f*r.%
Davison Chemical 47
DuPont do Nemours 127
Erie 27%
Famous Plnyers-Lasky 8?%
(Jenera) Asnsalt 41
General Electric 2*4%
(Jenera 1 Motors
Croat Northern nfd 61%
CJulf State. Steel 65%
Houston Oil 70
Illinois Central 162
Internatlonnl Harvester 94%
Tnt Mer Marine pfd 36%
lot Tel nnd Tel 83
Invincible Oil 14
Kelly-Snrlnefleld Tire 16%
Kennerntt Conner 461/.
Lf*u*svllle and Nashville 96^
%tftck Truck 98*;
Marin nd Oil 2.4*;
Maxwell Motor** A 63%
Middle States Oil . 1%
M'srourl Kan nnd Tex 16
Missouri Pacific pfd 57%
National Lend I.*i3»'.
New Orleans. Tex and Mex..,..16*%
New York Central 162
N Y. N H nnd Hertford 24’A
Norfolk nnd Western 191%
Northern Pacific 63%
Pacific OH 56v*
Pan-American Patro B K 6%
Pennsylvania 48
T> roducer* ft nd Refiners ’6
Pure Oil 2.H5
Reading 61%
Republic Iron nnd Steel * l %
ReynnMa Tobacco B 76
Sear«-Roeluiek I?i%
Sinclair Con 17%
Slur**.Sheffield Kfrel and 1r0n... 62
Southern P'ic'fic 92%
Southern Kail wav 69%
Southern Tfelßvap fd .. . . 77
Std Oil of Cel 26%
Std Oil of N .T 96%
St.iideb*ker Corporation 29%
Texas Company 4r>V,
Texaa and
Tobacco Product?* 66%
Transcontinental Oil *%
TTnlop Pacific I*3
United Drug 166^
U S C«At Trr.n Pipe D r <%
IT S Inc Alcolkl 71%
United Statea Rubber 99%
United States Stew] ..............169%
Utah Conner f 6%
Elec
Wfllypi-Overland 7%
Woolwortb 166%
Hudson Motors 27
FOREIGN EXCHANGE
NEW YORK - Foreign exchanges,
firm; quotations tn cents:
Great Britain, demand 4.52; cables,
52*4; 60-day 4,111 k, 4 49%
F rance, demand r.. 2 tables, S 24.
Italy, demand 4.34; cables 4.34%.
Belgium, demand 4 80(4; cables, 4 si.
Germany, demand, per trillion, .23%,
Holland, demand 39.33.
Norway, flOmand 14 29.
Sweden, demand 26.59.
Denmark, demand 17.26
Switzerland, demand 19.21
Spain, demand 13.47.
Greece, d'a'-nd 174
Poland, tit <%nd .19%
< .‘sachn-Hlovagla. demand. 2 96.
■lugo-Slavla, demand 1.45%.
Auetrla, demand, .00141,4.
Rumania, demand .64
Argentina, demand 38.71.
Brazil, demand 11.50.
Toklo, demand. 38%.
Montreal, dqiand 100.
LIBERTY BONDS
NEW YORK United States gov
ernment blind,! closed;
Liberty 3%'a 8101.4
First 4‘s bid 102 10
Second 4's bid 101. IT
First 4%'« 102 17
Second 4%'s 101.21
Thltd 4V.'* 102 10
Fourth 4%'* 102 21
Treasury 4%’s 104.29
DAIRY MARKET
CHICAGO BUTTER. EGO AND
POULTRY RECEIPTS.
fJHIGAOO.—ButI4r. higher, cream
ery, extras, 38%e; standards. 37e; ex
tra flrtts, 304,137 c; firsts, ai%Tf3J%c;
seconds, 294430 c
Eggr, unchanged
Poultry, alive lower, fowls, 16 9 t •
20c; springs, 21c; roosters, 16c; tur
keys, 28c.
NEW YORK BUTTER. EGG AND
CHEESE RECEIPTS,
NET’ YOTTF Hutur, firm: cream
ery higher than extra*. 414t41%c;
creamery extra*, 40%o; ditto, first*,
34<b 39%e,
Cheese, steady.
Eggs, firm
Live roultry. Irregular; fowl* by
freight. 19f/2ic: by express. 1 tty 27c.
Dressed poultry, firm end un
changed.
CALL MONEY
NEW TO IKK C*l| montv cutltr:
Wsh. low r»il'n#c rat#* nnd clnuln* bid
nil 2' offtrnd ftt 2li : lnnt loan, 2;
lnnn* mrnlnnf i^rEiifuno« IV..
Tim* loan* rtf'My. mlx*d fnJlnWnl
f.o.ftO diiv*, 4-*» month*. -
prlr* *nmm*rcli»l pnp*r. 3ff3U
SM.VER
NEW TonK,..Th r *llv*r, 7H4;
MMI con rollart, (SH*
American Bankers Report
Saiisfaclory Progress In
German Debt Negotiations
NEW YORK.—A highly satisfactory
Attitude has been manifested by Ger
many in negotiations by American
bunkers to obtain a settlement of
claims for payment of pre-war Ger
man mark balances, fair to all con
cerned In view of the depreciation of
the German mark, according to a
statement from the American Bankers
Association. The negotiations are
being carried on under thu direction
of Fred I. Kent, chairman of the
Commerce nnd Marine Commission of
the Association, with representatives
of the German government, the Ger
man bankers, the State Wepartment
of the United States and Mixed
Claims Commission.
Regarding the negotiations Mr. Kent
states that the aim of the association
is "to eliminate every barrier to the
trade and commerce of the United
States nml to encourage the develop
ment of peaceful and friendly rela
tions between our country and other
countries " The majority of the banks
concerned, he says, are more inter
Dollars and Sense In
the Mercantile World
WASHINGTON. D. C —Tha onr»-
les* "give ’em anything’ merchant
anil the happy-go-lucky, "take any
thing" buyer of yesterday nro dis
appearing from the avenues of mod
ern business. Today’s rapidly de
veloping attitude of careful selec
tion on the part of shoppera every
where la being reflected In the need
for more scientific management of
atoree. The successful retailer of
tomorrow must substitute knowl
edge for guesswork In Judging sales
area and demand, according to the
Domestic Commerce Division of (he
Depart of Commerce In "Measuring
A Retail Market," the third pamph
let In a series prepared nt the sug
gestion of Important retail organ
izations for the benefit of the store
trade generally.
Just ns the manufacturer and
bnnkcr have realized the Import
ance of research In their manage
ment problems, so may the retail
merchant benefit by R study of his
problems with n more analytical
mind arid in tho light of facts
sclentlflenlly gathered, the division
suggests. "Since the purpose of any
retail business Is to sell merchan
dise, thereby making sufficient pro
fit to compensate for the energy
and onpltnl expended, It seems only
logical that the merchant should de
sire to obtain nil the Informstion
possible relative to Ills market."
“The chief function of the mer
chant Is to supply the customer.*’
demand,” and the ralnljer can per
form this service most adequately
If h« makes a quantitative analysis
of the market und a qualitative
analysis < f the consumer’s demands.
“Such sales rt searches nerve ns
guides to the possibilities of tho
future and are of value to the pros,
pact Ivo merchant In choosing his
field, us woll hr to the established
merchant In pointing the wny, In
planning to enter a new field the
retailer may find, by a careful
analysis, that hi* prospective mar
ket does not reflect such favorable
clrmimstancen as a cursory ex
amination npppenred to reveal. ll*
may he saved from tmhurklug upon
tho enterprise, preventing subse
quent fatlnra and much leas to so
ciety of wasted effort and capital."
CAMPAIGN BKOULD
BE VIBUATLEED
The campaign should be visual
ized In Its entirety, acerirding to a
chapter devoted to "Preliminary
Analysis.’’ It Is beyond the hope of
anyone to know all possible facia
regarding a partlou'ur rnnrkot, ro
tho only loklcal cour-o for an or
ganization desiring so Iry out mar
ket analysis on a small scale is to
allot In advance a definite amount
of time and money for tTio survey
nml then keep to the schedule os fns
us practicable.
Commenting nn the arbitrary In
dications of some writers Hint the
average city should draw from nil
outside terrliory that embraces a
population equal to 49 per cent, of
itself, the opinion Is advanced that
many conditions determine the ex
tent of the city’s trndlng territory.
Of the more Important factors In
this respect are those geographical
conditions playing their part In
freeing a city from outside com
petition or In handicapping It In the
race for trade. Merchandising meth
ods, methods extarordlnarlly fair
and comphehenslve, have enabled
some cities to Include In their
whose population was equal to 76
per cent, of that of the orlflnalenn
per rent, of that of the original city.
One ran not emphasize too strongly
tho Importance of efficient merch
andising policies when an effort Is
being made to measure nnd ascer
tain a potential market.
The utility of population statis
tics In retail planning Is fully dis
cussed These are easy to obtain,
and while not providing specific
answers to all questions raised by
retailers, nevertheless furnish a de
sirable background of valuable
basic fsets whoch may be used In
connection with mors specific In
formation obtained by direct con
tact with the market.
Age and aex distribution are Im
portant, particularly to certain dls.
tributors. For example, the growing
Influence of children In the pur
chases of parents has led to the
sending of appeals so the “llttlo
folks" ns an effective approach to
the family purse.
Liberality In spending on the part
of gold miners compared with the
more careful buying hy coal miners
Is used ns evidence of the need for
studying the hsblls of the popple.
State Bureau of Markets
I’rlers below sre those which wholesalers sre paying F. O. B. then#
consuming centers. To arrive at prices net shippers, deduct freight to
most fa. ora ole point.
Atl'ta Aug’ta Macon Sav’nah Col'Lus
Hweet potatoes. Ycl. hulk load
ing, 100 pounds $ 180 $1 80 $ -.75 $ 1.75 $ 1.8(1
Irish Bote toes, No. 1 new, per
150-lh, sack 2 19 2 15 2.15 2 10 250
e’abhage (green craledt 190 Ihs... t. 75 1.75 1.75 2.00 2.UU
Black eye pens, pound .06(4 .96’/! .06 .06)4 .08J4
Brown eye pens, pound .94'-j - —-• .94 .941*
i'.gga, fresh candled, dozen .49 .41 .83 .40 .41
Kings, pound 23 .32 .22 22 .22(4
liens, pound ,2J .23 .22 .2.1 .25
Roosters, pound .13 .111! .It -It .13
triers and broilers, 1 to 2 lbs,
pound .25 .26 .75 .27 .32'4
Ducks, pound .20 .15 .15 .2> .25
Geese, pound .15 .13 .'2 .1214 >77
Turkeys (hens), pound 30 .30 .28 .80 .32(4
Turkey (toms), pound 30 .30 .28 .30 .S’.",
Country butter (best table), lb.. .35 .33 .33 .32 .37
Country butter (cooking), pound. .2) .21 .20 .25 .32
Ga. cane syrup (lib!.), gal 75 75 .70 .75 .75
Corn rnenl, per 6|.|b, sack .... 280 2.83 2.80 8.35 2.85
Corn, No. 2. (white) sacked, bu... 1.4 D 1.42 1.49 1.40 1.4.1
Oats No. 2 (white) sacked, bu 68(4 .70 6s',q .71 .70
I’eavln* hay. ton 111. 09 22 DO 31.30 25 30 22 00
•--No market.
THIRTEEN
STOCKS AND
BONDS.
csted In securing a fair and final set
tlement ns being to the Interests of
both countries, rather than in ob
taining the money due them, ss In
most the amounts in them
selves are small.
The American bankers took th.
stand that pre-war balances In Ger
man banks were cash assets which,
under the Treaties of Berlin and
Versailles, come ahead of reparation
payments. They pointed out th t
British and French banks had been
paid their balances on a gold mark
bnsls nnd declared that Americans
were entitled to the same treatment,
except that the exchange value of the
mark should be that established by
the Treaty of Berlin.
Tho progress made In these nego
tiations before the recent German dol
lar loan was Issued Is said to have
been a factor assuring American
hankers of tho Intent of the German
government to meet Its obligations
nnd warranting them In offering the
loan to the American public.
Because the Germans are noted
as a thrifty race, any store cater
ing to trade dominated by that na
tionality must offer dependable,
stuple merchandise nt reasonable
prices. The Frenchman's love of
dress and luxuries Is well-known,
and so it Is with practically all the
store's customers.
STRIKES AND THE
FINANCIAL BURDEN
"In times of strikes a great fin
ancial burden lias often been car
ried by tho merchant through tho
extension of credit and tho situa
tion In regard to periodic strikes
should bo of Interest to any retailer
who sells to laborers," the pamphlet
•ays In Iho section devoted to "As
pects of Labor Situation."
"Homo ownership usually means
permanence; it is Indicative of the
prosperity of tho community, par
ticularly lit smaller towns and
suburbnn districts, and is worthy
of careful study.
The number of farmers who own
the land they till, the number who
are renters, nnd the average size
of their families arc a few of the
Important things to look Into In
considering a farming community.
Condition of the soil and climate,
facilities for reuchlng the market,
distance of haul, nnd ravages of
Insects Influence the farmer's poc
ketbook.
Among other subjects discussed
In tho pamphlet In their hearing on
retailing are: "Diversification of
Industries —Classification of Fac
tories; Neighborhood Purchasing
Power; Labor Situation: Dally Liv
ing Hnhlts; Considerations Affect
ing Farmers; Competition; nnd
Limiting Factors of the Markets.
The data presented were gathered
directly from prominent retailers
all over the country. Thp pamphlet
represents the co-ordinated opin
ions of the most progressive re
tail agencies, and presents an ap
proach to the solution of tho prob
lem heretofore unattempted, ac
cording to the Domestic Commerce
Division. The pamphlet known as
Trade Information Bulletin No. 272.
"Measuring A Retail Market," may
he obtained upon request from the
Department of Commerce, Bureau
flf Foreign and Domestic Commerce
in Washington, or upon application
from any of the district offices of
the Bureau of Foreign nnd Domes
tl« Commerce.
COTTONSEED OIL
NEW YORK.—Cottonseed oil closed
steady:
Prime summer yellow -
Prime crude sß.7D®s* 27%
November 16.J»3
December 10.26
January 10.41
February 10.46
March 10.58
flaorll 10 6f*
May 10 72
June 10.75
Males 13,260.
For Safety and
High Yield
Southern Gas and
Power Corporation
7 % Preferred Stock.
for particulars
Gas Lisrht Company
of Augusta.