Newspaper Page Text
FRIDAY, OCTOBER 31
COTTON AND
GRAIN.
THE WEATHER
(Forecast till S a m. tomorrow.)
Augusta and vicinity: Generally fair
tonight and Saturday; slightly warm
er tonight.
Georgia: Generally fair tonight and
Saturday; slightly wanner tonight in
north and central portions.
Weather Condition*.
A few light showers have occurred
in the western Southern states and
over the Plains and Central valleys
under the influence of low pressure In
the northwest.
he temperatures arc moderate.
Weather Data.
Highest temperature yesterday 77
degrees: lowest temperature this
morning, 50. degrees
River stage at S a ,m„ 8.5.
I'all in, 24 hours ending 8 a. m., .5.
'‘“"Aonlght: 'Sets 9:60 p. m.
humidity yesterdav: 8 a.
M E. D. EMIGH.
/AUGUSTA COTTON
Spots 22.63
Thursday . . 23.13
Last Year. . 31.19
PRICES BY GRADE
Close
Middling fair 23 63
Strict good middling 23.38
Good middling 23.13
Strict middling 22.94
Middling 22.63
Strict low middling 21.63
low middling 20.63
Strict good middling 19.03
Good ordinary 15.63
RECEIPTS SALES
Rc- Spin- Ship- year
ceipts Sales ners ments r'pts
Saturday 1368 394 113 631 162 S
Monday 2796 239 125 2296
Tuesday 2017 498 229 530 3273
Wednesd’y 1736 667 300 1426 2177
Thursday 1742 310 372 948 1731
Friday 1934 402 386 765 2037
Receipts from August Ist, 1924
to October 31st, 1921 103.265
Receipts from August Ist, 1923
to November 2nd.( 1923 96,913
Stock in Augusta October
Slst, 1924 41,593
Stock in Augusta November
2nd, 1923 50,571
CLOSING QUOTATIONS ON
NEW ORLEANS AND NEW
YORK COTTON EXCHANGES
The following quotations from New
Turk and New Orleans were posted
■•n the Augusta Cotton Exchange
Friday:
NEW YORK
Prev.
Open 11iall T.ow Close close
Jan 53.35 23.38 22.95 22.95 23.48
Mar 23.63 23 65 23.25 23.28 23.75
May. . 23.53 23.85 23.4" 23.5(1 24.00
July.... 23.54 23 21 23.25 23.0 R
Doc;. . 23.25 23.26 22.50 22.34 23.32
NEW ORLEANS.
Prev.
Open High Dow Close close
Jen... 23.25 23.25 22.50 22.85 23.35
Mar... 23.48 23.49 23.05 23.08 23.58
May... 23.64 23.64 23.23 23.27 23.75
7u!y. .. 23.42 23.03 23.05 23.55
Lei , . 23.30 23.30 22.78 22.84 23.37
NEW YORK COTTON
NEW YORK.—The cotton market
opened barely steady Friday at a de
cline of ten to 16 points In response
to easy Liverpool calilejs. In addi
tion to realizing or liquidation there
appeared tt> he some southern hedge
selling and the market eased off to
23 23 for January after the call mak
ing net declines of 20 to 25 points.
The late forenoon market was
easier under liquidation which ap
peared to be promoted by rumors of
bearish private crop estimates. Of
ferings were not heavy but there were
comparatively few buyers, and prices
worked off from 23.38 to abnut 23.24
for January or 24 points net lower,
with the general list showing net
losses of 22 to 22 points at midday.
The market was easier in the early
afternoon on confirmation of rumors
that a New Orleans authority esti
mated the crop at 13,100,000 bales and
heavy Insto sight figures for the
■wpek. Selling was not general but
prices eased off to 23 03 for January
the general market showing net de
clines of 42 to 45 points at 2 o'clock.
NEW YORK SPOTS.
NEW YORK.—Spot cotton, quiet;
middling, 23.65.
NEW ORLEANS MARKET
NEW ORLEANS.—The cotton mar
ket was slightly easier at the open
ing due to somewhat lower Liverpool
cables than due. First trades show
ed loss of seven to ten points and the
market continued to ease off after the
opening call in sympathy with further
weakness in Liverpool and more or
less hedge selling. December traded
as’lo was 23.13, January at the same
figure and March at 23.35, or 22 to
24 points below the close of Thurs
day. At these levels the selling tap
ered off and the market became quiet.
Fall River reported sales of 45,000
pieces of print cloths for the past
week.
The market’ ruled quiet during the
greater part of the morning, easing
off gradually on pre-election liquida
tion continued good weather in the
belt and a reported lighter demand for
spnts from the interior,
i’fhe market weakened during the
early afternoon when rather liberal
hedge selling developed. Stop loss
orders were uncovered on the scale
down which to the weakness.
The official total of mill takings is
SO 1.000 bale*. Exports for the day
totalled n*,829 biles.
LIVERPOOL MARKET
LIVERPOOL. —Spot cotton, quiet;
pr‘c>\ caster.
Strictly good middling H 33
Good middling 13.93
Strictly middling 13.78
Middling 13 03
Strictly low middling 13.38
I/Ow middling 15 S 3
Strictly rood ordinary 12.53
Good ordinary 11 93
Sales 0.000 halea. Including 3.-
600 American. Heceinta 3,000 bale*
Incllding 5,800 American.
Future* closed barely steady:
November (1920 13.18
December 1310
January 13.17
March 13.23
May is 24
Jnlv isio
Dfliclnl noon cloae: October (1320
13 33 value.
W> i kly cotton statistic*-
Total forwarded to mill* i3,oai)
hale-, f which American 45.000: atock,
354 001), American 179.000; Import*
*I.OOO. American 45,000; export*. 5,000-
American, 1.000.
COTTONSEED OIL
NEW YORK —Cottonseed oil closed
easier:
Prim* summer yellow bid.. 111.00
‘ Plme. sales 8.87%
November 10 57
December 10 J 4
January .. 10.34
February 10.35
March 10, 51
April 19 54
May in.es
June R).*9
S lea. 10.400.
=Financial and Commercial Nem=
Market Closed Steady;
Aupsia Spots 22.63
By W. A. LUFBURROW
Market Editor.
In the face of disappointing Liver
pool cables, small domestic business
and politics at a boiling point the
market shrunk Friday and on the
■ close spot cotton at Augusta was
I quoted at 22.63, a decline of 50 points
under previous closing quotations.
Further declines will probably take
place until after election day. Buy
ing of any reaction of the market is
advised by those who predict a bear
ish market for the present.
Dullness of the market during the
morning was attributed to disappoint
ing cables from Liverpool in the face
of the election, as well as to politics
and holidays in America. Though
the sentiment at this time is bearish,
looking at th*' future many are bull
ish, thus advising ouying on all re
actions.
There will be a holiday on the New
Orleans Cotton Exchange Saturday,
November Ist, celebration of “All
Saints Day.” And on the New York
Cotton Exchange there will be holi
days November 4th, llth and 24th,
> -
Discussing manufacturing of cotton
goods in the October report of the
“Monthly Business Review" the Fed
eral Reserve Bank of Atlanta says:
“Confidential reports for the month
of September were made to the Fed
eral Reserve Bank by 25 representa
tive cotton mills which manufactured
during the month nearly 25,000,000
yards of cloth. This output in Sep
tember was nearly six per cent be
low that of August or September,
1023. Shipments by the mills also
declined somewhat compared with
both o * those months. Orders book
ed during September, while only
slightly in excess of those received in
August, were more than half again
as large as those booking during the
same month last year. Unfilled or
ders at the end of the month, while
smaller than on the same date a year
ago, were considerably larger than at
the close of August. Some of the mills
report that business in September was
very satisfactory, while others report
the opposite view'. Some reports in
dicate that orders showed quite an
improvement when raw cotton ad
vanced from 21 cents, but when it
reached 25 cents buyers seemed to
hold off. Mills still complain that
the margin of profit is unsatisfactory.
September compared
1924 with
August Sep’ber.
1924 3923
Cloth manufactured.— fi.* s.*
Cloth shipped 9.9 O.l
Orders booked x o.r, x r »2.R
Unfilled orders . ...X17.7 —11.7
Cloth on hand 1.3 x 15.1
Number on payroll. xii 6.3 x 3.8
' Reports to the Federal Reserve
Rank by 23 mills manufaeturinp: cot
ton yarn showed a total output of
over 6,000,000 pounds for the month,
nearly 14 per cent greater than in
August, and showing a small in
crease over September of last year.
Shipments also increased over Sep
tember of last year. Shipments also
were larger, and orders bonked hv the
mills during September. 1923. Unfill
ed orders on hand at the end of the
month also reflected the improvement
In demand The reports Indicate that
the mills had orders on hand at the
end of September which would take
16 weeks’ operation to fill, compared
with eight and one-half weeks R
month ago, and ten weeks at this time
last year. There nns heen some re
sumption on the part of mills whlrh
have heen closed down. The renorts
Indicate that varn takings by knitters
on basis of 22 cents cotton were sat
isfactory, but that since the price of
cotton has advanced orders have not
been so numerous.
September compared
1924 with
August Senfier
1924 1923
Yarn manufactured x 13.9 x 3.a
Yarn shipped x 21.7 x 5.2
Orders bonked X 169.4 x 55.3
Unfilled orders .... x 39.6 X 12.3
Yarn on hand 18.7 >-72.2
Number on payroll.— 3.6 --21.0
“Tho output during September of
overalls factories reporting to the
Federal Reserve Bank was more than
double that in August, and exceeded
that of September, 1923 by nearly 22
per cent. Stocks on hand also showed
large increases compared with both
of those periods. Orders received dur
ing September, and unfilled orders on
hand at the end df September, were
both considerably larger than In Au
gust, but lower than In September,
1923, while cancellations were laYger
than In cither of those months. The
reporting factories operated at an
average of S 3 per cent of capacity
in September, compared with 71 per
cent In August, and with 80 per cent
A. C. A. Estimates Yield at
12,304,000 Bales; Condition
For October at 55.7 Per Cent
Special to The Herald.
ST. MATTHEWS, S. C.—The Am
erican Cotton Association herewith
presents In detail hy states the aver
age condition of cotton ns of October
23, together with a forecast of the
yield baaed upon the association*
acreage of 38,429,000 acres and using
the government par yields as of Octo
ber 18.
The last government bureau report
Issued October 25 on returns of Octo-
Association
condition Assoela- Gov’t Gov’t
STATE October tion condition estimated
23, 1924 estimated 18, 1921 yield
(■percent) yield 1 024 (percent) 1924
Virginia 55 34,000 64 36,000
North Carolina <9 715,000 49 750,000
South Carolina 46 746,000 43 630,000
Georgia 55 1,095,000 51 1,030,000
Florida 63 33,000 65 27.000
Alabama 60 972.000 59 970,000
Mississippi 60 1,095,000 68 1,135,000
Louisiana 52 416,000 01 450,000
Texas 54 4,230.000 63 4,350,000
Arkansas 69 1,030.000 60 1,130,000
Tennessee 60 402,000 68 400,000
Missouri 61 171,000 1.9 200,000
Olkahoma 6* 1,207.000 63 1,275,000
California (Upper) 71 45,000 70 69.000
Arizona and all other*.. 75 113,000 73 163,000
U S. average 65.7 1 2,204,000 54.7 12,675,000
ESTIMATED PF.R CENT
COTTON GINNED.
Tabulation of reports from corre
spondents by states as to percentage
of the cotton ginned this season In
their respective locality s to October
»23, figures iut 64 per cent. On th
'basis, applied to th" ginning* of 7,-
; 600,000 bales to October 18, th* total
yield would only be 11,876,000 bales
for the season. The genera! con
sensus of all reports I* to the effect
that the crop has been gathered and
Tinned this season as fast as In 1923
due to extended open weather over
most of (he belt and th<- early prema
ture opening of th* crop.
4
PROBABILITY OF
OVERESTIMATE.
It Is generally believed by the best
posted authorities on cotton statistics
that the present government par
yields per acre are too high for ac
curacy. Figuring the condition of
the crop by present government par
yields as applied to the estimated
acreage Is mors than likely to over
e-tlmate the final yield of th* crop
The Crop Reporting Bureau In Its
October 18 estimate baeed Its calcula
tion* almcet enter'd* on the po“ r**H
in September a year ago.
September compared
1924 with
August Sept’ber*
1924 1923
Overalls man'f'red.. X 119.2 x 21.9
Overalls on hanu.. x 35.5 x 39.9
Orders booked x 58.7 —16.7
Unfilled orders ....x 50.0 —25.0
Number on payroll, x 97.9 x 3.9
“The following table contains fig
ures reported to the Census Bureau
for August and September, 1924, by 24
identical establishments manufactur
ing hosiery. Product manufactured
during the month of September show
ed a substantial increase over August,
1924, and there was also an increse in
the shipments during the month of
September over the amount of ship
ments during Aug Tint. The finished
product on hand at the end of Sep
tember was less than the product on
hand at the end of August, 1924:
September August
1921 1924
Hosiery manuf’t’ed. 464.392 415,089
Shipments &20.351 476,808
On hand end m0nth.1,292,579 1,323,8^8
Orders booked 606,16$ 561,25 p
Cancellations 25,434 10,87 S
Unfilled orders 1,086,055 1,008,044
FOREIGN EXCHANGE
NEW YORK. —Foreign e
firm. Quotations in cents:
Great Britain, demand 4.52%; ca
bles, 4.52%; 6U-dtty bills on ounks,
4.49%.
Fiance, demand 5.25; cables,».2s%.
Italy, demand 4.34%; cable*. 4.35.
Belgium, demand 4.au; cables, 4.811%.
Germany, demand, per trillion, .23%
Holland, demand 39.30.
Norway, demand 14.33.
Sweden, demand 26.60.
Denmark, demand 17.33.
Switzerland, demand 19.24.
Spain, demand 13.44.
Greece, demand 1 74.
Poland, demand .19%.
Czecho-Slovakla. demand 2.98%.
Jugo-Slavla, demand 1.46%.
Austria, demand .0014%.
Rumania, demand 66%.
Argentina, demand 36.66.
Brazil, demand 11.66.
Toltio, demand 38 7-16.
Montreal, demand 1.00.
DAIRY MARKET
CHICAGO BUTTER, EGG AND
POULTRY RECEIPTS.
CHICAGO.—Butter, higher; rream
ery extras, 38%c; standards, 37c; ex
tra firsts, 36%@37%e; firsts, 32%®-
340: seconds, 30®30%c.
ISggy, unchanged.
NEW YORK BUTTER EGG AND
CHEESE RECEIPTS.
NEW YORK.—Butter, steady.
Eggs, steady.
Cheese, irregular; State Whole Milk
flats, fresh, fancy to fancy specials.
19%«?20%c.
ATLANTA FEDERAL BANK
RESOURCES.
CJoId with F. K. Agent $127.073.570.CH)
Gold redemption fund with U. 8.
Treaauo 2.074.958.28
Gold held exclusively against F. M
R. uo.<*3 $130,048,529.28
Gold settlement fund with P. H
Hoard 17.228.761.77
Gold and gold certificates held by
h*nK 7.794.235.00
Total gold reserve* $155,071,523.05
Reserves other than gold 7.915.762.C0
Total reserves $168,017,287.05
Non-rese ve cash 3.798,677.08
Bills discounted: 14
Secured by United States govern
ment obligations 3.022,385.63
Other hills discounted 21,011,850.0(1
Total bills discounted $ 24,034.241.03
Bills bought in open market .... 0.219,181.21
U. 8. Gov't securities:
Bond* 1,311,750.00
Treasury note® 1,801,000. tH*
Certificates of indebtedness 530,500.^0
Total earning aixctj $ 83,575.072.90
Total TJ. 8. Gov't 5ecurity3,292.250.0$
Uncollected Items 26,302 708.69
Bonk premises 2.874.70M.77
All other
Total resources $231,579,348.91
M LIABILITIES.
V R. notes In actual circulation. .$135,100,985.00
Dimoslta:
Member bank— *
Reserve account ..$59,550,226.00
Govo-nment 1,594.972.0614
Other depodta 113,211 28
Total deposit* $ 61.25M09.34
Deferred availability Items 21,233,601.01
Capital paid In 4.581,350.00
Kurpltia 8,95(1,309.14
All other liabilities 1,388,103.83
Total liabilities $231,579.348 93
Ratio of total reserves to deposit and F. R.
note liabilities combined, SB.O cent
Contingent liability on bills purchased for tvr
elgn correspondent*. $1,101,667.77.
ber 18 placed the average condition
figure at 54 7 pi r cent and the Indi
cated yield at 12,675,000 bales on the
government unrevlsed acreage of 40,-
403.000 acres.
On October 18, 1923, there had been
ginned 63.2 per cent of the crop. If
the same percentage of the crop haa
been ginned thl* year as shown In the
census report for October 18. the total
yield for 1924 would he 12,026.000 run
ning bales.
as applied to Ita unrevlecd acreage of
40,403,000 acres after admitting an
abandonment of 4 66 per cent of the
July reported planted acreage.
WEEVIL INFESTATION,
The reports of rorre-pondents Indi
cate * marked Increased Infestation of
weevils Ist* In the growing season this
year. Cotton In many section* put
on a late crop of fruitage which has
furnished food for the Inaeet*. Lmge
areas of late fruitage In Texas have
been heavily Infested and also In th*
South Atlantic and Middle Gulf
States. While this late fruitage will
not develop into any matured cotton
It has given the weevils a splendid op
portunity for reproduction In In rife
numbers and their presenr* early In
the young cotton next spring Is like
ly to be heavy.
SLIGHT IMPROVEMENT,
The report* of correspondents
show an Improvement In the general
condition of the crop of 1.1 per rent
over the September condition. The
Ineieaa* In the October forecast of
yield over the September forecast !:<
attributed to the Increased govern
ment par yields for October which
w»r« pe.d In th« present tabvJ* tlops
THE AUGUSTA HERALD. AUGUSTA, GA
N. Y. STOCK MARKET
NEW YORK. —Stock prices made
further recovery at the opening of
Friday’s market with buying un
doubtedly influenced by easy money
rates and more favor Able trade news.
Merchandising issues continued to dis
play marked strength. Sears and Roe
buck and Associated Dry Goods at
taining new 1924 peak pries at 122 and
123%, respectively. Mack Trucks and
Missouri Pacific preferred each ad
vanced a point.
The main price movement continued
upward throughout the early trading
with speculative interest converging on
the specialties. Associated Dry Goods
was big up to or up three points
above Thursday night’s done and
United Drug. Federal Mining and
Smelting preferred. General Motors,
General Electric, American Rnditor,
Yellow Cab Manufacturing and In
ternational Telephone were among
the rcoro of stocks to climb a point
or so. Heavy selling of Mexican
Seaboard sent that stock down two
points.
Foreign exchanges opened easier
with trading quiet.
There were several spots in tho
comprehensive advance of the after
noon which swept numerous stocks
materially above the early high prices.
Cushman dropped three points, Daniel
Boone Woolen Mills 2Vs to 7i / , a new
minimum, and Standard Plate Glass
preferred eight to 80. also a new low.
Meantime Baldwin moved up to 12114
and American Can to 13M;. Asso
ciated Dry Goods sold 4% higher, ‘Sou*
five and General Electric 6%.
The closing wns strong.
Sales approximated 1,000,000 shares.
NEW YORK STOCK LIST.
Close
Allied Chemical and Dye 7-H
American San 135 H
American Car and Foundry 166*4
American International 30
American Locomotive 79%
American Smelt and Refg SO%
American Sugar 38
American Tel and Tel 12774
American Tobacco .....116%
American "Woolen 58%
Am Zinc, Lend and Smelt 7%
Anaconda Copper 36%
Atchison 106%
Atlantic. Coast Line 137%
Baldwin Locomotive 121%
Baltimore and Ohio 61%
Bethlehem Steel 40%
California Petroleum 22
Canndian Pacific ISO
Central Leather 14%
Ferro de Pasco 461'
Chandler Motors 32%
Chesapeake and Ohio 83%
Chicago and Northwestern 61 %
Chi. Mil and St Paul pfd 21%
Chicago, R I and Pnc 34
Chile Copper 32
Coca-Cola . 77
Colorado Fuel and Iron 41%
oCngoleum 42
Consolidated Gas 72%
Corn Products, new 27%
| Cosden Oil 27
Crucible Steel .67%
'hiba Cane Sugar, pfd 58
Davison Chemical 47*4
DuPont de Nemours 127%
Erie
Famous Players-Lasky 84
General Asphalt. 41%
General Electric 254%
General Motors 6614
Great Northern pfd 61%
Gulf States Steel 70%
Houston Oil 70
Illinois Central 1081/,
International Harvester 94%
Int Mer Marine pfd 37%
Int Tel and Tel 84
Invincible Oil 13%
Kelly-Springfield Tire ir>Y v
Kennecott Copper 46%
Louisville and Nashville 99
Mack Truck 100%
Marlnnd Oil 351 J
Maxwell Motors A C 9
Middle States Oil 1%
Missouri, Kan and Tex 16%
Missouri Pacific pfd 59
National Lead 154%
New Orleans. Tex and Mex 107
New York Central 1081,;
N Y. N H and Hartford 25
Norfolk and Western 122%
Northern Pacific 631;
Pacific OH ,*,1%
Pan-Am Petroleum B 51 v,
Pennsylvania 44%
Producers and Refiners ?0
Pure Oil ?3%
Reading
Republic Iron and Steel 45
Reynolds Tobacco B 76
Seaboard Air Line 17%
Sears-Roebuck ..,.123%
Sinclair Con 171/,
SloFs-ShcffV'*’’ Steel and 1r0n... 69%
Southern Pacific <1374
Southern Railway 57%
Southern RnllWnn fd... 77
Standard Oil of Cal 5K%
Standard Oil of N J 35%
Studcbaker Corporation 3914
Texas Company 4074
Texas and Pacific
Tobacco Products <55
Transcontinental Oily *’ 414
Union Pacific .138%
Un'tod Drug !.100
TTS Cast Iron *Plpe 117*4
TT S Jnd Alcohol 71»'
United States Rubber 3314
United States Steel 109%
Utah Copper
Wfstlnghose Electric 63 G
Wlllvs-Overland 774
Woolworth 109%
Hudson Motors 27%
LIBERTY BONDS
NEW YORK.—United States gov
ernment bonds closed;
Liberty S%’g *lOls
Hrst 4’h bid 102.10
Second 4’* 101 16
Flr.t 4%'s 102 2u
Second 4i Vn 101.24
Third 4% h 102 10
Fourth 4t,fa jO2 24
Treanury 4%’« 306.31
Davis a Southern Man
By Birth and Tradition
John 8. Cohon, national commit
teeman. and Mrs. Edgar Alexan
der, national eommittiewoman, for
Georgia, have issued the following
statement:
To The Voters of Georgia:
Our attention has been called to
a publication of da»e Saturday,
October 25th, In which the state
ment has been made that Hon. John
W. Davis, Democracy’s candidate
for president, in an address In In
dianapolis, used the expression that
he believed in complete equality of
the races.
We have henrd several of Mr. Da
vis’ mntrhless speeches, and we
hiive read them ell, and w< affirm,
without fear of contradiction, that
Mr. Davl* made no such statement.
What Mr. Davis may have said In
Indianapolis Is what he has said In
all of his speeches, that he believed,
as the Constitution provides, In the
complete equality of every man sod
Employees of Metropolitan
Are Unanimous For Bonds
Announcement has been made
that, every member of the local
force of the Metropolitan Life In
auranee Company has endorsed the
school bonds. Following Is the list
of names of those who have ex
pressed themselves as heartily In
favor of th* bond Issue:
W. T Parrish, M. J. Bowyer, J.
T. Griffith, K. A. Hill, B. L. Free
man, Talmndge Patrick, If. F.
dander, D. B. Dowling, Jones W.
Cooper, If. A. Wall, C. H. Day, It. H.
C. Moorman, Fred Lackmnn, E. L.
Jackson, A. J. Cunningham, J. W.
Name Committee to Work Out
Plan For Building Stadium
CHICAGO GRAIN MARKET
CHICAGO, lll.“Wheat values show,
eel considerable weakness Friday dur
ing the early dealings. Liverpool (imi
tations being much lower and Argen
tine forecasts pointing to beneficial
rains. Opening quotations, which
r.'ingcd from %c to ILc lower, were
followed by slight further declines
end then by a recovery to above
Thursday's finish.
Corn and oats were luarlshly af
fected by fine weather and by lack of
nupport except on declines. After
openins at tic to 2>jc lower corn
sagged further and then recovered
most of the los*.
Oats started tic to '4c off and
then hardened somewhat.
Provisions were weak, sympathizing
with a downturn in hog values
Boullry. alive, lower; fowls, 15®20c;
springs. 21c; roosters. 15c: turkeys,
28 rents.
Wheat closed firm at Thursday s
finish to one cent higher.
. Corn closed irregular at sfcc net
lower to He advance.
Open High I.otv Close
WHEAT—
Dec .... 140% 1426; HUB, 141''*
May 146% 148', 146 V. 147 a.
July JSIH 1331, 13014 13214
CORN
Doc 1031, 10661 10344 106 U
May 10SU 110% 10Rv, 110%
July 10814 lllX 108'4 110%
OATS—
Dec 49 4914 49 49%
.May 54 54% R 3% 64',;
July 62’* 62', 52*4 62',
RYE—
Dec 120% 132% 120», 121%
May 124 123 v; 123% 124
LARD—
Nov ... 1510 151 J 1505 1512
Jan . . 1392 J 396 1390 392
RIBS—
Nov ... 200
Jan ... mo
BELLIES—
Nov ... 1325 1323 1312 1312
aJn .... —~ 1227
CHICAGO CASH GRAIN
CHICAGO. 111.—Wheat No. 2 red,
$1 38; No. 2 hard, 51.39'4ff1.40%.
Corn No. 2 mixed, *1 ,«4X 5f 1.05% ;
No. 2 yellow, *1.05% @1.06%.
Oats No 2 white. 48%©49'ic; No.
3 white, 446.1 If 46t .e
Tlve. No. 2. Harley, 7S(gßlc.
Timothy seed. $4
Clover seed $1 R,004729.00
T.nrd, *15.50. ftlhs, *1,1.37. Hollies.
*14.25.
GRAIN FUTURES DATA
WASHINGTON - A atntictlrnl rf
vitw of the activitiea of the Chicago
grain market aa regard!! transac
tions in futures, day by day, from
January 1, 1921, to May 31. 1924,
has been prepared by the United
States Department of Agriculture
and Is now available for distribu
tion ns statistical bulletin ... entitl
ed Grain Future: Dally Data.
The information Is based on a
study by the department of the
workings of the grain mnrkeis of
the country. Although ail the mar
kets waro studied, most of tlm data
collected concerned the Chicago
market because of Its lending posi
tion.
Figures with relation to tlie vol
ume of trading on the Chicago
Board of Trade have been compiled
on a daily basis, as well ns on n
monthly and yearly bawls. The
dally figures are for all the grains
in which trading now takes place
on the hoard. They are properly
comparable, It Is raid, with the fig
ures that, ever aineo January 1,
1924. have been released fur publi
cation nt noon ev<ry day nt Chi
cago bv Iho grnln-exehsnge super
visor there relating lo the volume of
the previous day's trading.
Copies of the Bulletin may he had
free upon rennest, as long ns the
supply lasts, from tho Depnrtm'-nt
of Agriculture, Washington, D. C.
Chicago Potato Market
CHICAGO, IH.-rotatoe* trading
nlovv; market dull; Minnesota and
North Dakota sacked Red River Ohio*
South Dakota narked round
whites, 70®75c; Minnesota packed
round whites, hulk. f»0$)65o; Michigan
sacked round whites, bftc: Wisconsin
sacked rouid whites, 75#8Dc.
NAVAL STORES
SAVANNAH NAVAL STORES
HAVANNAII. Gs. —Turpentine, firm
Bc. Male*, 500; receipt*, 675, shipment* I
445; stock, 11,112.
Rosin, firm; sale*, 871; receipt*. 1
2,298; shipments, 282; stock. 83.452
" r>r - F HIK M*6 20;
N *6 40; window glass, 7.00, water
white, 87.55; X. $7.75,
If
evjry woman BEFORE THE LAW,
whkh »3 entirely different from the
interpretaMon which ha« been plac
'd upon his alleged remarks.
John W. Davis In making a won
aorrul and winning campaign for
president. He is entitled to the
vote* of every white Democrat in
the South, and not only stands on
the Democratic platform ns writ
ten, but he stands, through birth,
association and spoken word, for
the heat traditions of the South.
This misinterpretation of hla
language may have been Innocently
made, but nevertheless, It. has done
Mr. Davl* a serious Injustice, and
we cannot permit It to go uncor
rected.
MRS. KDOAR ALKXANDER,
National Commlttsewoman
for Georgia.
JOHN K COHEN.
National Committeeman for
Georgia.
Corbett, J. C. Lewi*, Will F. Balk,
8. O. Cohen. Robert E. Bacon, ft
P. Judy, Wm. W. Oulllebeau, E
8. Harter, Mias Emmy Hair, Mr*.
W. Hturman. Mr*. Annie Ram bo.
Mia* pearl Toole, R, c. Buel, D. H
Kubanka, R. L. Thompson, J. P.
Goldstein.
"It is gratifying to know that go
unanimous an 4xprea*lon of theso
Influential citizens Is given to the
Important matter of the bond lestin
for school*," school officials said
Friday.
Will Make Report to General
Meeting at Early Date.
Much Enthusiasm Here for
Amateur Athletics
Members of tho Georgia Alumni
Association and other citizens In
terested in tho furtherance of ama
teur athletics in Augusta held a
meeting Thursday nfternoon at the
Board of Commerce. Tho out
standing result was the appoint
ment of MnJ. George P. Butler,
Hugh H. Saxon, and Bowdre
Phlnlzy as a committee to work out
some definite plan for erecting a
stadium in Augusta.
George Sancken, chairman of tht*
committee promoting tho recent
Georgia-Furman game here, made a
financial report to the meeting,
showing that more than *l2,Oft had
been taken in as receipts, and that
a balance of n few hundred dollars
reninined for moving the stadium
stands and caring for other de
tails.
George Barrett, who presided,
asked for expressions ss to tho
needs of a stadium and whether or
not the Augusta people wanted such
a structure. It was unanimously
agreed that the Idea Is a popular
one here, and tho consensus of
opinion was that Hie stadium
should he erected contiguous to the
Richmond Academy so that the
high school boys, as well ns the
community at large, could use it
Another general mooting Is to he
held just us soon ns the commit
tee can go Into tlie matter and se
cure some definite plun to report
on.
Rules lu Election
In Seventh Ward on
Saturday Announced
The resolutions adopted by the
committee unpointed by the mass
niretlng of t*e seventh ward vot
ers held at (tic Summerville ,Aoa
ilntny, Friday evening. October 24.
to prescribe the regulations and
handle the details of (lie unofficial
election to he held Saturday, No
vember 1. fur nominating member*
of the Board of Kduentloti renrent
lng the seventh wrjrd are ns follows:
Resolved first: That the polls of
the said primary 'hall he open
from 7;30 a. m.. to 6:80 p. in., city
time: that a ballot hex shall bo
placed In the voting bool It to he
located In the vacant house on Wal
ton Way: that the managers of
said election shall consist of such
persons ns shall he designated by
the candidates and by the Board of
Education.
Unsolved second: That all legally
qualified registered voters who re
side within tlie seventh ward of the
city of Augusta, shall he entitled to
vote In this election, Ih se voters to
lie those whose names appear on
the official reglstratii n list for the
city primary held July 17, 1924
supplemented by the official lint of
voters of record In the office of the
tax collector of Richmond county In
cases where a voters names does
not appear on the said city registra
tion list, hut where his name (lots
tippenr on the county registration
list. Is shown to ho within she
limits of the seventh ward: and In
tho event a person applies to vote
whose name does not appear on the
city registration list, and who Is
otherwise entitled to vote by being
on the county registration 1V dees
not show Ills residence to b? with
in th" limits of the seventh wnrd lie
will nevertheless be entitled to vote
upon exhibiting to tlie managers at
the polls the certificate from the
tnx collector rs Hlclimond county
nhnwing that (lie present residence
of such person Is within the limits
of the said seventh ward.
Resolved third: The managers
will allow no one to vote unless his
name appears upon the regular
registration list ns above nreserih
ed and then only If lie resides with
in the limits of the seventh ward ns
shown In such registration lists or
by tlie certificate from the tax col
lector ns above described.
Resolved fourth: Where more
than three names or less than three
names are left on the ballot after
th» same has been east by the voter,
said vote shall not be counted.”
All candidates were required to
announce their Intention In writing
by noon Wednesday, October 2!)th.
filing their notices with Joseph B.
Gumming, chairman also to deposit
the atim of |5 to defray the expense
of printing bal'< ts and other costs
of the election.
BAR SILVER.
NEW YORK Mar silver, 69*;;
Mexican dollar*, 63%.
Crop Information
(From Monthly Crop Report dated October 11, 1921, of Georgia Cooperative
crop reporting Service)
Coni’ lon of crops end forecast production, with comparisons, follow:
Cond’t’n Cond’t’n
Crop. 74 n'ml. % n’tnl Ten-year Forecast Final Prod.
Oct. 1, Oct. 1, Average Prod. 1922
1924. 1923 Condition 1924
Corn, (hut 70 69 83 60,697.000 49.215.000
Sweet potatoes, (bU.)..,61 82 92 8,868,00 11,508,000
Peanuts, (bu.) 75 66 83 117,610,000 77 224.000
Apples, (bu) 70 48 01 1,317,000 864,000
Pears, (bu.) 77 64 64 23.V000 192 000
Peaches, (bu.) ~~ 8,342,000 5.248,000
Sorghum fer syrup (gal) 60 75 83 1,700,000 2,158,000
Tobacco, (lbs.) 90 73 81 31,200,000 11,237,00 u
Irish pot a locs, (but.. 66 78 77 !
Valvst ebnna 63 80 - _
Pecans, (lbs.) 50 78 67 -
Tame hay, (tons) 48 70 346,280 610,000
Alfalfa (tons) 68
Sugar cane, (gal.) 51 67
Home gardens ....... 48
Pasture 70 60 78 ______
State Bureau of Markets
Price* below are thos# which wholesalers sre paying F. O, ». the**
consuming center*. To arrive at price* net shipper*, deduct freight to
most favorable point.
Atl’ta Aug ta Macon Sav'nah Col’bu*
Sweet potatoes, Yel. bulk load-
Ing, 100 pounds 5 1.75 f 1.80 |I 65 |l 60 $1 25
Irish Potatoes. No. 1 new. pet’
150-lb. seek 2.10 2.15 2.15 2.20 2.35
Cal,hag* (green crated) 100 lbs... 1.75 1,75 1.75 2.0') 2 00
(Hack sye. p*ns, pound .ORV» 06H Bit .0660 05%
Brown eye peas, pound 04li —— .04
Kfg*. fresh candied, doicn .40 .41 39 .46 45
Stags, pound 22 ,22 ,33 .22 .21
Hsns. pound 23 .23 .52 ,25
Roosters, pound 12 .] IVa .11 .11 .13
Friers and broilers, 1 to 2 lb*.
pound 28 .30 .37 ,29 31
Ducks, pound 21) .15 .16 .27 .26
Geese, pound 12 Vi .13 .12 .12% 17
Turkeys (hens), pound 30 .30 .28 .39 .S 3
Turkey (toms?, pound 30 .10 .28 .30 35
Country butter (best table), lb.. 35 .33 .36 .30 ,3«
Country butter (cooking), pound. ,20 .21 ,20 27 27
(la. cone syrup (Bid,), gas. 75 ,75 .79 .75 .75
Corn m»nl, per 69.1 b. snek .... 260 265 200 2.05 2.60
Corn, No. 2, (white) sacked, bu, . 1.28',i 130 1.23V4 1.31 1.30
Oats No. 2 (tyhlte) sacked, bu 68 M .03 .60 .05
Pterin* »>*•. ton HAP* 59 00 21 >’o 9*50 22 09
Dirigibles and Their
Relations to Business
r, ARSON PARK. Mass.—The fourth
milestone In the progress of transpor
tation has been reacned, according to
Roger W. Malison, who points out
some exceedingly interesting develop
ments possible with the perfection
of lighter than air transportation.
’Hie Shenandoah's trans-continental
trip and the landing of the ZU-3 at
Lnkohur.st. New Jersey, after a rec
ord breaking flight, make possible
certain revolutionary changes accord-’
in# to tho Statistician.
“Wo have had heavier than nir ma
chines for many years, M says tho
statistician, ‘and everyone recognizes
their great value during the war.
Many prophorded a tremendous com
mercial success for the aeroplane as
a result of its war development, hut
so far, this commercial use of heavier
than air machines has been a distinct
disappointment. Flyers go to great
heights, attain terntic speed and vie
with one another for the record in
somersaults. Stunt flying, how* v» r,
is only prnctlcnl in commercial fields
as exhibition of daring. The round
tho-vvorld-tripH which have Just been
completed have received a great deal
of attention. While it represents a
remarkable feat it is of relatively
small economic Importance. The only
real practical use being made today of
the heavier than air machines is in
Connection with the mail route, but
even these cannot be said to be a
commercial simoons. They are really
being operated by the government 10
encourage experimentation and to
malnta'n the Industry so ns to have
machines nnd trained men ready in
case of war.
OFFERS RAPID AND
SAFE TRANSPORTATION.
"The Zeppelin, however, offers tho
possibility of practical, rapid, and safe
transportation. This is probably the
real reason for our government pur
chasing ZR-3. Washington doubtless
felt that the Zeppelin Company had
valuable Information and experience
which it would be very unwise for
the world to lose. The wisdom of
this program has been thoroughly
justified by the record made between
Germany and America by tills new
est and most advanced type of light
er-than-alr machine. Whether or not
the government Is Justified in ope
rating commercial ventures Is a very
debatable question; but certainly the
government is just fled in carrying on
experimental work In all Important
lines of Industry.
“The two drawbacks which have
b* Id up tin* development of the dirigi
ble have apparently been overcome.
The Tirst problem wan that «>f the
danger of combustion. So long as
hydrogen or Inflaninjde gases were
used to float these machines, dnng< v
of loss by fire not only existed but
was a distressingly frequent occur
rence. This weakness has been suc
cessfully overcome by the use of
beTum gas In place of hydrog. n. it
Ih not. only non-inflammable hut is
much more stable and will sustain u
ship for a greater length of time. The
second danger In the early dirigibles
was the possibility of loss In a storm.
Their speed of around 25 miles an
hour was not sufficient, to cope with
a h'gh wind. Once they were driven
from their course, they floundered
helplessly, a victim of the elements.
Today the wireless provides a means
of constant communication by which
the dirigible may be warned of storms
or other threatening weather. Tho
speed of 75 miles an hour nnd upward
enables the f.hlp to manoeuvre its
way around tho worst of th* Morin
and to make n satisfactory progress
against a high wind >f necessary. The
llghter-than-nlr-nmohlne has demon
strated the fact that it Is not only a
very swift, carrier hut Ih also a safe
method of transportation. The aero
plane attains n terrific speed but the
breaking of a guy wire or stopping of
a motor may force a landing at any
time nnd emergency landings are al
most Invariable expensive In breakage
if not In the setup 1 loss #>/ human life.
The Zeppelin Is free rrnm these motor
dangers. The breakdown of a sin
glo engine might slow up Its speed
to roni • extent hut the stopping of all
engines would not seriously endanger
the chip or Its passengers R*nnir*<
may be made and the flight resumed
or a landing may bo manoeuvred
at leisure. Biicli a contingency fn
th*a Ifghter-than-alr machines may in
volve n flight delay hut It threaten*
Very little damage to the ship and al
most none to Its passengers.
TWO MAJOR RF.&U! SITES
NOW COM PL ICD WITH.
"The two major requisites of speed
and relative safety have been thor
oughly demonstrated," continued Mr.
Hah son, "and while the high cost of
helium gns and umdanriardißed man
ufacturing of equipment may make
the cost of dirigible transportntlon
seem prohibitive at this time I am
confident thn{ further research will
make such transportation economi
cally practical and readily available.
Within a few years we Phall have a
regular Trans Atlantic passenger ser
vice* l»v Zeppelins It may cost some
more than steamship fare but It will
bo within the reach of pnseepg* ri
who prefer swifter, safer and more
comfortable means of transportation.
These great ships will not only be
abb* to cross the wate*r at u upeed of
from seventy-five to on»* hundred
miles tin hour but they will also be
able to cross plain and river, moun
tain and valley with eejuai facll’ty.
Passengers for Europe will
their idilp at Chicago, Cleveland. St.
TiOiils. Kansas City or any other large
Inland cities and will go dlrectlv to
their European destination without
chnnge This will in effect mako
overv cltv a seaport. it Is ev»n
poasiblo that several ships f r orr| dif
ferent Inland points will Join and
cron* as a fleet or even ns a gigantic
airing of cars. The possibility of 'ln-
ELEVEN
STOCKS AND
BONDS.
land ports’ Itself portends a great
change in our commercial structure.
"1 am well aware of the fact that
this may seem like a far-fetched
fancy to a good many so-called hard
headed business men. but I should like
to remind you that Fulton’s folly was
the Joko of his time. The first steam
railroad was ridiculed and there are
those of us today who can remem
ber when the 'horseless carriage’ was
looked upon a 3 an interesting but im
practical toy. The development of
the West would have been almost Im
possible without the steamboat and
the railroad. But for the automo
bile congestion Jn our cities today
would be almost unbelievable. Not
so long ago the street railway men
scoffed at the Idea of the motor bus
as a practical means of transporta
tion. They are just beginning to
appreciate their error and to adopt,
this thoroughly established method of
conveyance. The cable companies
laughed at radio, yet today a large
part of the Trans-Atlantic commu
nication is carried on through the air.
Ts we count the ship messages it is
probable that more words are sent
by wireless than by cable.
FORTUNES WILL PROBABLY
BE MADE AND LOST.
"Mere newness does not necessarily
justify the acceptance of a develop
ment as commercially practical. The
aeroplane for that matter is newer
than the dirigible, it. however, lacks
tho fundamental qualities necessary
for economic adoption. The Zeppelin
has these qualifications. Tt provides
the swiftest, safest: and most conven
ient means of transportat'on for lon't
distances. it. is the only method of
transportation which enables one to
take the shortest route between two
given points. The cost, the one in
hibiting factor at present, will doub 4 -
less he brought down to a reasonable,
level by further experiment and de
velopment As this Is done a great
Industry will develop to supply this
new means of transportation to the
world.
“T. therefore urge Investors nnd
business men,’’ concluded Mr. Bsh
son. “to give this situation serious
thought and to anticipate the effect
of such a development upon their
present interests. In such an event
nil corporations connected with long
distance transportation would necer
sarllv he affected In the dirigible
Induntrv Itself fortunes will doubtless
bs made nnd possibly lost. Most of
the commercial aeroplane work Is be
ing done nt the present time by the
Wright Aeronautical Corporation and
the Curtis Aeroplane and Motor Com
pany. it Is probable that both of
thf.yo concerns win take up the man
ufacture of ligh*er-thnp-air ma
chines and if so they should profit
thereby. Chances are. however, thet
the greatest development along this
line win he undertaken bv other In
terests such as the Goodyear Rubber
peonle, who I understand have al
ready secured certain rights from the
Zeppelin Interests in Germany and ar<*
preparing to undertake the commer
cial manufacture of dirigibles. It wPI
pay you to watch closely til* growth
of this new Industry.”
• • •
General business activity an reflect
ed by the Bnbaom hart Is running at
seven per cent below normal.
SOY BEAN ACREAGE
Washington, d. c.- The acreage
of Bfiyb.iir. crown for tho grain In
the northern etntes. where the crop
1m rapidly gaining In favor, has In
crea.ee,l about 25 per nnt this year,
according to the Federal Crop Report
ing Hoard. The total United .Stater
acreage grown for the beans, rather
than for forage, thin year Is estimated
at 534.060 acres compared with 452,60 '
aerea last year.
Kentucky arid Tennessee show In
creased aeri ige of 10 per cent Brown
for Brain; Ohio 18 per cent: Illinois
20 per ci lit: Indiana and Mleh'gan 25
per cent: lowa amt Alabama 40 per
cent, and Mlßiwmrl 00 per cent, (ten
oral increases occurred In the Oulf
States, but decreases are reported
for the (Volina-,, a reduetlon it six
per rent being rho • n In North Caro
lina Which t< the leading producing
Mate for thlr. crop. The October
1 average condition of the crop for
the ITn'tc-d Stales was 79 per cent of
normal.
Land planted to cownea* for the
pens lias been graatlv decreased, the
present area being 910,000 acres com-,
oared with 1.218.000 acres last year
The <October 1 condition of the crop
for the United Ststes la reported as
59 ner rent of normal.
Velvet bean acre-ige shows a alight
reduetlon to 583.000 aerea ro-npHred .
with 001.000 acres last. year. The ren
dition of the crop October 1 In Missis
sippi Loulslrptt end Texas was below
50; Oenrgl" 63 South Crrnl'na 65;
A tat, sms 72: Florida 81 The eondl
tlon for the entire crop !« 65 per cent.
CALL MONEY
NEW YORK Cnll
lilrh, Im*', mlln»? rnt** and 'doMf**?
b'd nil. % r.ff#»rM pt 2; Ift»t loan 2:
r»nl! k'fln . nrnln*t I^6*
tlm» mixort collaD , *xl,
r,n.f»o dny». ?ty<ti>3: four-nix month*.
V'#!P/4e: prime commercial paper,
SUGAR MARKET a
NEW YORK —Raw soger deelned
1.16 to 596 for Cuban dutv paid.
Refined, unchanged at 7 15 to 7 50,
for fine granulated.
Brooks, Hyman 81 Co.
62 HE AVER ST. NEW YORK.
—Members—
New York Cotton Exchange
Represented hy
R. E. ALLEN, Jr., Augusts, Gs
Orders solicited for the purchase 2
and sale of Cotton for future de- 9
Uvery.
For Safety and
High Yield
Southern Gas & Power
7% Cumulative Pre
ferred stock.
for particulars
Gas Light Company
of Augusta.