Newspaper Page Text
SUNDAY, NOVEMBER 9
COTTON AND
GRAIN.
AUGUSTA COTTON
Spots ..... 23.31
Friday .... 23.00
Last Year . . 32.06
PRICES BY GRADE
Clone
Middling fair 24.31
Strict good middling 24 06
Good middling 23.81
Strict middling i'?
Middling 23 31
Strict low middling 22.31
middling 21.31
Strict good middling 20 31
Good ordinary *9.31
RECEIPTS AND SALES
Re- Spin- Ship- year
celpt* Sale* turn nienla r'pt«
Saturday 3487 803 136 621) 163')
iieoelpt* from August lat, 1924
to November Bth. 1924 115.2*2
Receipt, from Auguat lat, 1923
ita November 10th, 1923.......111,364
Stock In Auguala November
Bth. 1921 <9.954
Stork In Auguata November
10th. 1923 53,719
NEW YORK COTTON
NEW YORK —The cotton market
w«a featured Saturday by the govern
ment report. This placed the Indi
cated crop at lf.BlG.ww hales while
the census figures allowed a ginning
of 9,694.920 bale* prior to November
firat. Both statement* were close
ly in line with expectation*. A flurry
of re*lix?ng on their appearance wbi
quickly absorbed, the market advanc
ing from 22.90 to 23 75 for January on
covering and trade buying, aouthern
eelling on the advance and further
r*‘alixing eaaed price* off a few point*
Ji# the forenoon, but the clo*e wit*
steady at net gain* as 40 to 53 point*,
with January quoted at 23.f»!t.
The market opened hardy ftteady at
unchanged price* to a decline of 13
point* in response to relatively enay
Liverpool cable* and a better weath
er man than indicated Selling on
the publication of the report carried
I’cembcr off to 22 83 and March to
23 30. or 10 to 20 point* net lower, hut
trade Intcreels were good buyer* on
1 hie art hack and the market quickly
firmed up on roverng.
I December advanced to 23 55 and
March to 24A0. active month* show
ing net gain* of 60 to f.T* point*, but
the Hows was 32 to 22 point* off from
the beat.
Buying on the lnte forenoon ad
vance rupp«»*ed to be promoted
by the npt'mlailc view of general
trade prospects encouraged by report*
of * eased I i Inesa n th< local cot
ton good* market Friday and the re
cent action of the stock market.
Private cable* reported a steady
undertone in Liverpool du* to cover
ing nnd th•- strength of the Kgvptlnn
market, which showed a further ad
vance of 18 to GO point* Saturday.
The amount of not ton on shipboard I
awaiting clearance at the end of the
week was estimated at 123,163 bale*
against 115,489 laat year.
NEW YORK SPOTS.
NKW YORK —Spot cotton, steady;
middling. 24.15.
NEW ORLEANS COTTON
NKW ORLEANS—Thi cotton mar.
ket Saturday \va* dominated entirely
l*y the ifovernment report*. Thu
* Miniated ctop of 12.816.000 bnl** and
th« total Klnnlnifa prior to Novem
ber Ifct. of 9.694.1ift hales, were at
flmt considered bearish and price*
dropped 55 to 86 point a Immediately.
Sentiment promptly thanked, how*
* ver, and n wave of buying carried
price* up 109 to 110 points from fho
lows within five minutes. The mar
ket then ruled steady to the dose of
the short, session losing less than 20
|
After an oailv advance of 15 to 16
points on less favorable weather, the
market turned easier and Just hefora
the government report was Issued
December traded at 22 86 and Jan
uary at 22.85. or 25 to 27 points down
from the early highs and nine to ten
polnta below the previous cloae Im
mediately after the reporta were Is
sued December and January both
dropped to 22 50. and then turned
sharply upward reaching 13.59 for
the former and 23 60 for the latter
month. After easing off 27 to 28
points from the high In the last hour
of trading the market rallied slightly
at the end. the close showing net
gains for the d«T of 6 to 47 point*
Although the crop estimate as well
as the ginning totals were In line
with the average of private reports,
they were somewhat lower than gen
eral trade expectations.
The weather map showed softs
rains In the western and central por
tions of the belt, but the forecast
promised fslr and odder weather fol
lowed by a return of warmer weath
er. Very little attention was paid to
other influences but the government
report, although the firmness of the
stock market was said to have en
couraged rather liberal buying of cot
ton by Wall street and other In
terests.
NEW ORLEANS SPOTS.
NEW on u: A NS. La-Spot cotton
steady; 50 point* up. Sales on the
snot. 872: to arrive, 200 Low mid
dling. 21 45: middling. 23.45: good mid
dling 28.95 Receipts, 12.765; stock.
802.803.
COTTON MOVEMENT
Port Movtmint,
New Orleans: Middling. 23 45; rs
r< ipts, 13.755: exports, <7O; sales, 572;
link, jnt.ioj
Gslveston: Middling. JS <0; receipts,
*1.991: sales. 2 724 fetor'll. 507 *6*
Mobile: Middling, SS 00; receipts.
701; stork. *,7*7
Snvutinfeh Middling 23 62: receipts,
4 212: exports, *2*; sslrs, 184;stork.
72.0**
Charleston: Receipts, I.SS9: stork.
*7 347.
Wilmington ■ Receipts, 6P7: i'xport».
10.50# stork. 12,2*7,
Norfolk Middling. 2S Ml; receipts.
MM; sales, TM; s4ock 50,554.
ftnlllmnrr Stork. I BS?
New York: Middling, 24 15; itork.
211 05*.
Boston' Middling 23 75; receipts, 10;
alack, 1.200.
Houston iporll; Ttrrrlpt*. 4,500; ex
pnri«, 4.500.
Minor port* Flock 5,95?
Total tofts) Receipt* 4* I*4! ex
por»• 1t,29?; fefelrfe, 3,753; »tork, 1,-
T«»t«1 for week: Receipts. 48.164; eg
port*. 16 899
Total for reason: Receipts. 8.566.552;
exports, 2.214.550
Interior Mcve^tet,
Memphis: Middllnr '‘3 00* recejnta.
8.792; shipments, 5 096. sales. 8.700;
•lock. 129.568
AttgUft**' Middles. 23 31; receipts,
1 447; shlptm-ms. Til: sales. 803; stock
49 *54
S*. Lmtlt: Mlddttnr ?• ?«; receipts.
1.261: shlpmepts V?ty; afock. 1.693
Houston Middlloe *3 50- receipt*.
30.096; shipments. 24.195; sale*. 14.165;
Meek. 548 171.
Little Rock: Middling 23 00: re*
re lot*. 1.661; shipments, 2.047; sales,
4.876: stock 44 747.
Atlanta Middling. !U0
Dallas: Middllnr 22 30; sale*. 14,655
Montgomery: Middling. 22.76. sales.
15.
Total tods vs Receipts. 43 317; *hln
tpept*. 33,312; sales. 27.651; stock,
PEANUT POTATIONS
(•y THE OA. COTTON OIL CO.)
Cxrloaft lot, f o. b. shipping point,
|SS. Wagon load iota, 3*3 |>«r ton.
(Thru, quotation, are subject to
change without notice )
BAR SILVER.
NEW YORK. llnr »!lvcr, *3Vi:
Mexican dullara 53%,
Confidence of Business
and Financial Interests
Felt By Cotton Market
By W. A. LUFBURROW,
Market Editor,
During the loiter part of the week
the cotton market gathered sufficient
bull etrength to dingo another ad
vance .Saturday and on the close of
the mamet spot cotton at Augusta
nun quoted at 23.31, an advance of 31
points over previous clotting quota
tions. The activity of the market
was on the bull side In spite of the
government report of tin estimate of
12,816,00(1 bales for this year's crop. It
is thought by some that the market
has discounted this report.
A vast amount of business In the
form of buying has been reported to
have taken pluce In Wall street since
the national election. This haa bene
fited the cotton market, In a sym
pathetic way. If In no other. If
business continues this week on the
tamo Seale aa It did the latter part
of last week, then the cotton market
should advance further.
It Is very likely that the market
will be governed to a very great ex
tent by the law of supply and de
mand It goes without saying that
the absence of demand, regardless of
the •supply, will cause a dull and life
less market resorting to sec-saw
methods until such time ns a demand
may enter. It looks now ns though
business over the entire country In
every line will begin to hum ami
there are predictions that the Euro
pean situation will he benefited.
The manufacturers of cotton goods
In the Hnltlllo districts are working
full time and report that there In a
ready market for their entire output
nt good prices. Old stocks of cotton
purchased at high prices have all been
used and the goods sold. f'onse
uent-ly the outlook in this Industry Is
very favorable. (Consul M. 11. Davis.
Saltillo.)
The Improvement In the Polish teg
tile centers Is felt to he largely sea
sons!—post harvest buying by the
rural districts. Home Increases wss
noted In the demand for printed goods
and blankets to he shipped to Hu
mania and for cheap blankets for ex
port to Holland, Austria and England.
(Consul D, I{. Heath, Warsaty.)
r.untemnla has one cotton mill and
two knitting mills Tha cotton mill
manufactures shirtings, sheetings, and
Coarse cotton cloth of nil kinds for
domestic use, as well as bed spreads,
towels and toweling. Its annual out
put Is valued at about 11.006.000 The
yarn used In the knitting mills and
about half of that required by the
cotton mill Is Imported In 192.1
Ciialemala Imported 757.180 pounda of
cotton yarn valued at 3265,378 of
which Jnran furnlaned 391,161 pounds
with a value of *131.2(!i, and the
I’nltcd Plates 51.658 pounds worth
*21,509. (Consul (ienernl Philip Hol
land. (luatemala.)
Thfc Swedish textile Industry* has
gone through a period >,f readjust
ment since the war. At present the
situation within the Industry la chnr
acterlsed by decreased -sales possibili
ties, especially as regards the cotton
nnd knit goods branches. Tho former
has already been obliged to cut down
considerably, operations In several
plknta, according to official Swedish
Publication* (Acting Commercial At
tache H. oorensen, Copenhagen, Den
mark.)
Shipment! of cotton and silk em
broideries nnd allk goods from Can
ton to the United States continue to
Increase and were valued In August
as follows: Cotton embroideries,
024. silk embroideries. *10.302; silk
goods. >10.791, compared with *3,-
■ 214; |2 680; *651 respectively* In Au
gust, 1923 llaw allk exports, how
evttf. showed a decrease from *2,-
I 121,2,16 In August, 1923 to $t.085,727 In
August, 1924. (Consul (lenernl Doug
las Jenkins, Canton).
Improvement In th» Oermnn textile
Industry continues although price, urn
-till in ninny eases nhtinrmiilly high.
The recent rlsa In the wool market
bn* fetlimilatrd domestic buying of
wool Roods, while Just the opposite
hna occurred In the rna, of cotton
fubrlra due to a fall in raw cotton
price* after a considerable period of
ndvaiicra. Despite tmausually low
stocks, buyers of cotton piece Roods
and articles of clothing are holding
off In the hope of further price re
ductions. (Commercial Attache C. E.
Herring, Berlin.)
The outtnnk of the cotton market
as viewed by Theo H. Brice, of Com
merce and Blnnnre, la:
"The cotton market la rarely atalle.
It reminds one of the woman who
visited her lawyer and asked him to
set a divorce for her When asked
why she answered ‘Because 1 am
mart It d.‘
"1 ein reminded of the story by the
flu -tustlona recorded Isst week. Their
range has not been wide. Inn as they
aro net attrlhulahle to any chnnxe In
. ssent(a r conditions they can only he
explained upon the theory that a'hao-
Into : lability Is Impossible In the
ease of a commodity that la so 'tem
pi rxmental.'
"Farly In the we.* some strength
developed on reports of frost In sev
eral m ctlons of the belt and fairly
heavy buying by aplnnera both here
and abroad, hut on Friday the gain
waa wiped out by a decline attributed
to Ihe favorable weather and an esti
mate issued by a prominent New Or
leans firm placing the crop at 13,109,-
000 Puli a.
‘That the frost hue done any real
harm Is doubtful, niut each day that
JU'raes reduces the possibility of any
serious damage from this source. It
i- nit ewhat amusing to learn that
rt.mcts of snow In the cotton belt
have lern current In Liverpool.
•'Reports from Lamashlrq are more
enroutaglni! and Kiißllsh aplnnera are
buying quite freely here. Now that
the e.returns In limit Britain are
over and the Conservatives are In the
a, (.die again It Is expected that trade
eondlfli ns In England will continue to
Improve. The textile Industry In der
mal)' la also reporlrd to ha looking
up nnd purchases of cotton by the
(orit-ent have latterly been fairly
heuvy
"Ext arts for the season to date
total .1,104,450 hales, tigslnsl 1.534.305
bales tor the snnte period In 19SJ Tills
export demand Is perhaps partially re.
> I sislbls for the steadiness of the
southern spot .markets, which are
comparatively strong for this time of
the year, although their stability la
undoubtedly due more to light offer
ing than to the demand So far this
season cotton has not been pressed
for sale at the primary markets, fhc
abundance of credit making It possible
for grower* to hold for lietter prices
> part of their production.
"Meantime textile operation* on this
ride of the water have Increased
■lightly, mill* are showing a dispo
sition to buy a little more freely, and
I as now seems almost certain, the
presidential election on Tuesday Is
decisive, It I* to tie expected that
American splnnerx will take advent
> tte of snv further declines to add to
their stocks In a conservative way.
"Hul unless a resl boom develops in
the rotten manufacturing Industry
here and abroad thrre probably will
l>c enough of the raw material to go
around this re- n No such boom
appears to lie In sight and with th#
crop movement gradually gaining mo
mentum and a sufficiency of eootnn
tn prospect, snv eu' tsntlsl advance
In the cotton market would scctn to
be unwarranted at this time.
•‘Opposition to the multifarious cron
rjport* Issued by the Department of
Financial and Commercial News=
. Agriculture la meanwhile growing
] rapidly. The National Wholesale Dry
I floods Association has addreased an
j open letter to its members soliciting
their Individual co-operation In plac
ing the matter before their senators
ami congressmen for consideration.
Tho president of the New Orleans
Cotton Exchange has written to all
| the other cotton exchanges of the
I' country asking them to demand the
abolition of these unnecessary and
confusing estimates.
"Many of them have already acted
on the suggestion, nnd It Is to be
hoped that the cumulative force of
all these protests will compel con
gress to order the discontinuance of
the reports that are causing so much
unsettlement not only In the market
for raw cotton, but In the cotton
manufacturing Industry and dry goods
trade as well.
"Officials of the Department of Ag
| rlculture are understood to be pre
paring a statement In defense of the
reports. Announcement has been
made that the department will Issue
no more cotton 'pnrs' this year, nnd
the forthcoming November condlton
reports will he complied without ref
erence to pars."
The following quotations from New
Vork and New Orleans were posted
on the Augusta Cotton Exchange
•Saturday:
NEW YORK.
Prev
Open High Dow Close olosa
Jan... 23 02 23.75 22 90 23.53 23.13
Mar... 23 30 21 00 23.30 23 88 22.40
May... 23 60 24 30 23.55 24.18 .23.65
Dec... 22.85 23.55 22 83 23.35 22.95
NEW ORLEANS.
Prcv.
Open High Dow Close closs
•Inn... 22 93 23 60 22 50 23 41 22.95
Mar... 23 10 23.80 22 95 23.64 23 JS
May... 23.30 93.97 23 0(1 23,85 23T.8
July.... 23 77 23 48 23 70 23.18
Dec... 22 95 23 59 22 50 23 41 22.95
CHICAGO GRAIN MARKET
CHICAGO, lll.—Brisk general buy
ing carried tho wheat market up Sat
urday to a new high price record for
the season, May delivery touching
*L575«, about 13 ccntn advance since
tnb low point the day before election.
New export business In the United
States, together with prospective cur
tailment of supplies In Argentina nnd
Auatrnlla were the factors which
Saturday received the most attention.
Wheat closed unsettled with Decem
ber nt 21.51% to *1.51% nnd May
**57% to 51.57A4. showing %c to 2%c
gain compared with Fridays finish.
Other net gains were: Rye, l%c to
3%c; cora, l%c to two cents: oats, %c
to %c. and provisions, 20 to 80 cents.
WHEAT—
Open High Dow Close
Deo .... 149% 152% 149% 151%
May .... 155 157-’ 154% 157%
July .... 137% 138% 136% 137%
CORN—
Deo .... loßi/, 110% 108% 110%
May 111% 114% 111% 114%
July .... 112% 116% 112% 115%
OATS—
Dec 51 52% 50% 52
May 55 57X 55% 66%
July 64 55% 64 65
It Y I«
Dec 132% 136 132% 146%
May .... 134% 137 134 136%
July 118 118% 118 118%
DAIID
Nov ... 148? 1495 1487 1495
Jan 1415 1432 1415 1432
RIBS—
Nov ... 1260 1260 1260 1260
Jnn . . 1200 1230 1200 1230
REDDIES—
Nov ... 1387
Jnn ... 1275 1275 1275 1275
DRY GOODS
NEW YORK.—Cotton goods buying
In tho grass cloth division continued
active Saturday with prlcas holding
strong Yarns were firmer and tnnre
Inquiry was reported. (lood grades
of raw silk were slightly firmer.
Higher exchange led to a little easing
of prices for spot and nenr burlaps.
<*cw prices for the spring sensnn will
he named on llnola, carpets and rugs
on Monday and the general expecta
tion Is that prices will he higher.
Outer wear lines of knit goods were
being opened for the fall nt slightly
higher figures on wool goods. Hosiery
war firmer nnd tended upward, es
pecially In silk lines
COTTONSEED OIL
NEW YORK.—Gain* of 10 to 15
points were shown In cottonsead oil
Saturday through scattered buying
on the advance In most other mar
kets, notably lard, hut selling by re
finers nnd realising by tired longs
checked Ih* advance.
< 'losing bids were eight to ten points
net higher.
Prime summer yellow, unquoted.
Prime crude. 1*.75. nominal
November g 10.78
December 10.59
January 10*1
February 10 * 0
March 10.71
April 10.70
May 10 S 7
June 10*5
Sales 11.600.
LIVESTOCK MARKET
ATLANTA CATTLE AND HOQ
RECEIPTS.
ATLANTA. Ga.—Cftttlt: Receipts.
100; for week receipt* UKht; market
otrong to 25c higher; hulk prices fol
low: Light steers In Stocker fWh
S* 6Off4 25; cutter steer* fS.OOffB.SO;
beef cow*. 13 2541 4.25; cutter* s2.soif
-3 00; canner*. $1 5Q(p3.55; light v«al
er» amt heavy calves, fl.OOfi 600.
ling*: Receipt* 400; compared with
week ago market uneven. 25c tn 50c
higher; extreme top $10.75; hulk 160
pound* and up $lO 35016.75; 130 to 160
pound*. $8 50ft9 00; slaughter pigs,
$8.0098 23; Stocker pigs. $7.50©8 00.
CHICAGO CATTLE. SHFEP AND
HOQ RECEIPTS
CHICAGO, 111.—-Hoga: Receipts 7.-
000. xtrrong to 10c higher; desirable
1809326-pound butcher*. $9 50910.18;
majority 14669170 pound* weight.
$9.5064 9.25; hulk packing sow*. $9 90-
*9 15; hulk strong we ght slaughter
pig*. sSootf'S2s, estimated hold-over
. | |
Cattle: Receipts 1.000; compared
week ago choice weighty steer*,
steady; other* after losing early ad
vance and registering fresh declines;
yearling!*, steady to 25c higher, ton
yearlings sl3 0*; best heavies. $lO 95
early; fat cows strong to 2*»c hleher:
href heifer* exceptionally dull: veal
cr*. 25c to 60c lower; western gra*«-
«r*. weak to 25c lower; week'* hulk
prices, follow: Fed steer*. $7.7567-
II 25; fat cows, $1 75475 75; heifers,
$4 25477.25; canner* and cutter*. $8 oo
**3 10: veal calves 98 75f79.50; stock
tr* nnd feeder* $6 06696 75.
Sheep U Receipt* 3.000. Including
around 2 OOP direct; Saturday's market
steady; hulk fat lambs, sl4 00**14 15:
culls. $11.06' for week around 2..506
direct and 38 cars of western* com-
Pared week *«?»> fat lamb*. 50c to 75c
higher; fat sheen 25c to 60c higher:
feeding lambs He higher, hulk for
week fat worded lambs. sl2 756914.23;
dlnpers $D OOffif 25; yearling*. «10.
'OH 35; wether* It 00; fat e*ve*. $5.00
• 7 00; feeding lambs, sl3 254T14.00.
Chicago Potato Market
CHICAGO. 11l Potatoes; Trading
moderate; market, firm: Minnesota
nnd Nor*h Dakota sacked Red River
Ohio* $1 M|7l 05; Minnesota sacked
round whites. 70|790e Wisconsin
sseked round white* 4849 He; Idaho
sacked Russets, $1.7502.66.
THE AUGUSTA HERALD, AUGUSTA, GA.
N. Y, STOCK MARKET
Twenty Twenty
Industrials, rallroaus.
Saturday 104.57 98.27
Friday 103.91 95.47
Week ago 103.00 91.17
High, 1924 104.67 90.27
Low, 1924 90.27 81.00
Totals. 1,452,000.
NEW YORK—A sennatlonal out
burst of strength In railroad stocks,
the general price average of which
touched the highest point In seven
years, was the overshadowing devel
opment In this week's financial mar
kets. The almost unprecedented de
mand for rails was generally con
strued as being due to the belief that
the" outcome of the national election
assures the railroads of a few years
freedom from adverse legislation, en
abling them to carry out Important
consolidation and development pro
jects. Industrials were held In check
by heavy profit-taking.
NEW YORK.—Bullish enthuslasni,
founded on the speculative belief that
a marked revival in trade was In
prospect with the removal of elec
tion uncertainties ran rampant Hat
iirdny In practically all the securities
and commodities markets, reaching
Its Intensity In the stock market,
which experienced the most active
half-holiday session In history with a
total volume of sales In excess of 1.-
450,000 shares.
Another orgy of speculative Inter
est In the railroad shares, coupled
with an enormous Investment demand
for the high grade Issues, boosted 43
Issues to new peak prices for the
year. Including New York Central.
Dennsylvanla, Southern Pacific, the
Rock Island. Wabash and Missouri
Pacific Issues, Baltimore nnd Ohio,
Southern Railway, Atlantic Coast Dine
and Doulsvtlle & Nashville.
The general price average of rail
road shares was lifted to Its highest
level In seven years.
Industrial shares also attained- a
new h gh average for the vear, desmte
enormous profit-taking. United States
Steel common, led the advance In this
group, touching 113, the highest price
in five yearn.
Rallrgnd bonds moved upward In
the wiUte of stocks, the day’s sales in
this market also establishing a new
Saturday record for all time at ap
proximately *13.700.000.
Bullish sentiment, engendered by
the unprecedented demand for securi
ties. permeated to the eommodlty
markets. Chicago wheat futures for
all months from December to May
closed nt net gains of l%c to 174 c
a bushel. The advance In corn prices
ranged from l%c to nearly two cents
a bushel.
Cotton futures reacted on publica
tion of the government rrop report,
which was about In line with the
trade's expectations but rallied later
In sympathy with the advance In
stocks, clos'ng 40 to 53 points higher.
Foreign exchanges mounted to high
er ground under tho leadership of
sterling.
NEW YORK —U ailr oa d shares
hounded upward to the highest gen
eral price level in sfjven year* Satur
day in the most active half-holiday
session in stock exchange history, the
day’s total sales exceeding 1.400.U0U
share*. Sixty-seven ks, 43 of
them rails, broke through to new
peak prides for the year on net gains
that ran from one to four points.
The public Imagination, find by the
remarkably demonstration which took
place Friday, caused buying orders to
pour Into the market from all sections
of the country, the orders ranging
from a few shares to blocks of six
thousand to eight thousand.
While speculative Interest centered
In the railroad shares, bullish enthu
siasm was rampant in several sections
of the industrial list. United States
Steel common touched 113, the high
est price since 1919, while American
Can and United States Cast Iron Pipe
established record-breaking prices for
all time at 142% and 125, respect
ively.
Buying orders tn the rails embraced
both the high grade dividend-payers
and the low priced speculative issues.
New Vork Central touched 110%. the
highest price since 1912, (hit closed
unchanged at 116%. Southern Pacific
crossed par for tho first time, since
1921. Among the other issues to move
Into high ground were Pennsylvania,
Southern Railway, Baltimore Ar Ohio,
Atlantic Coast Line, Louisville and
Nashville and the Frisco, Rock Island,
Missouri pacific nnd Wabash issues.
Revival of speculative interest in
the oil share* nttraeted considerable
attention. Recent increases* in crude
and gasoline prices, following a steady
decline In crude production. have
plated the oils In an Improved sta
tistical position and have checked the
speculative selling that hns unsettled
those shares throughout the greater
part of tho spring and summer.
The feature of the foreign exchange
market was a further rise in demand
sterling to above $1.60, the highest
price since July. 1923. *
Strength of other European cur
rencies also was sustained, with Nor
wegian kroner reaching a now 1924
top at 14.63 cents, and Swedish, Swiss
and Dutch exchanges holding around
their records established Fridav.
NEW YORK STOCK LIST.
Allied Chemical and Dye 73%
American Can 1421,4
AmerlcaiuCar and Foundry 165%
Ainerlcajf International 2UD a
American Locomotive 82
Am Smelting and Utfg....t 82'i
American Supgar 4164
American Tel and Tel 128*%
.%i ter lean Tobacco 166%
American Woolen 5. r >
Anaconda Copper 37H
Aichlnon 112%
Atlantic Coast ILne .143
Raid win Locomotive 122%
Haltlmore and Ohio 69
Bethlehem Bteel 42
California Petroleum 23%
Canadian Pacific 154%
Central Leather pfd 46%
Cerro de Pasco 46%
Chandler Motor 25%
Chesapeake and Ohio 86%
Chicago, Mil and St Paul pfd... 26
Chicago and Northwestern Cs
Chicago, R l and I'ac 40%
Chile Copper 33%
Coca-Cola .4 76%
Consolidated Gas 75
Consolidated Textile 3
Continental Can f»s
Corn Products 37%
Cosden Oil 20%
Crucible Steel 57%
Cuba Cane Sugar pfd 57
Cuban-American Sugar 29
Davison Chemical 4 4
DuPont de Nemours 12S
Frie 30*
Famous Players-Lasky 84
General Klectrlc ............... 256
General Electric 256
Great Northern pfd 66%
Gulf State* Steel H %
Houston OH 72%
Illinois Central 113
Inter Harvester * 76%
Invincible Oil 16%
Kelly-Sprincfleld Tire IS
Kenneeott Copper 48%
Louisville and Nashville 103
Mack Truck :»v%
Marla ltd Oil 88%
Middle State* OH 1%
Mo. Kans nnd Texas 22%
Missouri Pacific pfd 64
New Yorw Central 116 H
N Y. N 11 and Hartford 28%
Norfolk and Western 124%
Northern Pacific 67
Pacific Oil f»4%
Pan-American Petro H 53%
Penp»> Ivs 47
Phillip* Petroleum 86
Producer* and Refiners 27%
Pure Oil 26
Reading €5
Republic Iron and Steel 44%
Reynold* Tobacco It 76%
St. Southwestern 47
Ran hoard Air Line 32%
Seaboard Air Line pfd "4%
Sear*-Roebuck 123%
Shell Cnlon OH 2*
Sinclair Con OH is
Slo**-Sheffleld Steel and iron... 69%
Southern Pacific 9‘%
Southern Railway 73
Southern ltallwav pfd 77it
Standard Oil of Cal f 1 %
Standard Oil of N J 371 4
Stewart-Warner f-6
Studehaker Corporation
Tennessee Copper 7%
Texa* Go 42%
Texas add Pacific 41
Tobacco Products C 6%
Oil 4%
Union Pacific 14G%
U S Cast Iron Pipe 123
U S Iml Alcohol 79 %
United State* Rubber 23%
United State* Steel 112%
Utah Copper 79%
Westinghouse Electric 63
Hudson Motor* 26%
Loew s Inc 18
NEW YORK BONDS
Sat’day. Friday.
Ten first grade rails ..89.93 89.81
Ten secondary rail*.. .88.98 88.82
Ten public utilities 91.57 91.32
Ten industrial* 95.91 93.32
Combined average 91.G0 91.42
Combined month ag0..90.90
Year ago 86.85 ———
Total bales, 613,698,000.
NEW YORK.—Bond price* Satur
day attained new high level* for the
year In the largest volume of trading
which hat marked any two-hour Sat
urday sess'on during 1924, Sale* ag
gregated $13,098,000. Seml-specula
tive railroad lsstiea continued to lead
the advance, many of them eclipsing
their previous top price. Unabated de
mand for the high yielding bond* wan
reflected in the establishment of 1924
records by New Haven 7’*, converti
ble 6'*. Seaboard Air Jdne refunding
4*. adju tment 6’s and Consolidated
6’*, Frisco Income 6’s and New York
Central G’s, which moved up from
fraction* to two points.
Corresponding gains were register
ed by an assortment of both high and
low priced lines: A factor in the
heavy buying of bonds in the last
few days, Investment bankers ex
plained Saturday, has been the scarc
ity of securities on dealers’ shelve*.
FOREIGN.
Argentine 6s 94
Austrian Govt gtd loan 7s 95
bom of Canada ss, 1952 104
Dutch East Indies Gs, 1962 90
French Republic 7%s 100%
Japan 6%s 91%
Kindgom of Belgium 7%s 110
U K of G B nnd Ire 5%g 1937.. 100%
DOMESTIC.
Amor Agr Ohem 7%s 94%
Amer Smelting 5s 97%
American Sugar Gs 99
Am Tel and Tel deb 5%s 103%
Anaconda Cop sis, 1953 95%
At T and San Fo gen 4* 90%
Balt nnd Ohio cv 4%s 70%
Central Leather 5* 103%
Chcsa nnd Ohio cv 5s 99%
Chicago nnd Alton 3%s 47%
Chi. Purl nnd Quincy ref 5s A.. 102
Chic Great Western 4s G 2
Chi, Mil and St Paul cv 4%*.... 00*4
Chi nnd Nortlnvester ref 55.,.. 99%
Chi. R T P ref 4s 83
Cli’le Copper Gs 107
Cuba Cane Sug deb 8* stepd.,.. 9*%
Denver and Rio Grande ref 55.,.. 48
Dul'ont de Nem 7%s 107%
Empire Gas and Fuel 7%s 97%
Erie gen lie n4s G 4
Goodyear Tire Bs. 1931 1091'.
Great Northern 7* A 109%
Inter nnd Gt Northern ndj 65.... 0.5
Tnt Mer Marine s f G* 8814
Kelly-Springfield Tire 8s 97%
Mo, Kan nnd Tex new ndj 5*A .. 09%
Mo Pacific gen 4s 64 U
N Y Central deb Gs 110%
N Y. N 7T and W franc* 7% 90%j
Norf nnd Western cv Gs 1241/.
Pcnna R R g<n 5s 10312
Punta Alegre Sugar 7s 104%
St L nnd San Fran inc G* 77X
Seaboard Air Line con Gs «*. 85%
Sinclair Con Oil col 7s 91
Southern Pacific cv 4s 97%
Southern Railway gen 4s 74%
Southern Railway 6*.. 103%
Union Pacific Ist 4s 92
U S Steel s f 5s 103
Va-Cnro Chemical 7s 64%
Virginia Rnlhvav 5* 96
Wilson and Co * f 7%s *9%
Willvs-Overland 6%s 99
STOCKS AND BONDS
(Forrart.rt by T. D. Carav & Co.l
STOCKS: Bid. Ask.
Augusta Factory 1#
Augusta and R. R... ?4 98
Ron Air Hotel Cor com... *2 S 7
Ron Air Hotel, pfd *2 C. 7
Citizens A' Poit. Bank 245 252
Enterprise Mfg. Co ?5 102
Georgia R R Bank C0.,.1?5 2<Hi
Grnnttevllle Mfg. Co 145 135
John P King i>fd 104
John P. King, com 110 120
National Exchange Bank.lfld 11#
Sibley Manufacturing Co.. #5 75
Southwestern Railway ... 9? 101
Union Savings Bank H? 15)
RONDS- Rid Ark.
Augusta Factory Bs. 1?41. ?9 101
Ron Air Hotel 7s. 1?4? 102 104
City of Augusta (hosts'.. 4 75%
Oa. R. R. K- Rkg 4s, 1047 8? 85
(la. R R. * Rk. Co f.s 1051 .10*
Oranttevllt" Co. 7s. 1042..102 10.1.50
T.anglcv Mills 7s 1018 07 ?8
Slt.ley Mfg. Co.. 7s. 1342. .102 104
State of Georgia (basts).. 4 25‘Y
LIBERTY BONDS
NEW YORK.—United States gov
ernment bonds closed:
TJhertv Stfe S *100,31
First 4V.‘s 102 8
Second 4V.‘s 101 17
Third 4).‘s 102.1
fourth 4V.’s 102.15
Treasury 414’* 106.19
N. Y. BANK STATEMENT
NEW YORK.—The actual condition
of clearing houne hank* and tru*t
companies for the week *how an ex
, t reaarra of $11,514,486. This 1*
an limgeaae of $89,609,770 compared
with last week.
FOREIGN EXCHANGE
NEW YORK.-Foreign exchanges,
firm. Quotations In cent*:
Great Britain, demand 4.59%; ca
ble*. 4.60; 60-day hill* on hank*. 457.
France, demand 5.24; cables 5.24%.
Italy, demand 4.29%: cables. 4 30.
Belgium, demand 4.30%; cables, 4 81.
Germany, demand 23.8.
Holland, demand 39.89.
Norway, demand 14.63.
Sweden, demand 26 82.
Denmark, demand 17.67.
Swltxerlnnd. demand 19 27.
Spain, demand 13.56,
Greece, demapd 19*4.
Poland, demand 19%.
fkMcho-Slovak la, demand 2 95%.
Jugo-Slavla. demand 1 45%.
Austria, demand .0014%.
Rumania, demand .56%.
Argentina, demand 37.25.
Braalt demand 11 30.
Tokio. demand .38%.
ontreal. demand 99 31-32.
PRODUCE MARKET
Flour —Hard wh.at, 98-lb. cot
ton sacks, bh! }7 75
Flour—Plain, 38-tb. sks., bbt..7 7rt
Flour—P -R , sks.. hhl 7.80
Flour—R-R., 48-lh. sks.. bbl*... 7.15
Flour—Best plain, 98-lb. sks.,
barrel * 75
Flour—B -R., 24-lb sks., hhl... 7.10
Flour—P -R.. 24-lb sks., bbls.. 655
Bu'-’ best. !4-pVg cas. .235
Grits, 24 !s, p«; cas* 1.90
Grits, 12 3s. F#r case 1.90
Grits, fin* and medium. 9*s
per sack 2.4#
Meal. 965. per sack 2.50
Meat. 48s, per sack 1 22H
Meal. ?4s. per sack 65
Rice- Fancy, No S«4 or Nd. 113.
100-lb. sks.. 1b #6\
Rice, fancy, No 68. |b 07^
Wesson Gooktng Oil. 24 pint*.. 5.75
Wesson Cooking Oil, 12-nt. case 5 4#
Wesson Oil. 6 I-gal cans. case. 9.20
Axle Grease. 10c else, 1-lb., 4
doxen 3 7S
SEFPS,
Amber Csne, 150-lb. ek. SO
STRANGERS IN OUR
CITY-—ls there is any ques
tion as to what part of the
city you want to locate in,
or which ads. you should
nniwer to get in the location
you desire, we will gladly
help you. Call at Want
Ad. Headquarters, Ground
Floor, Herald Building.
SOUTHERN COTTON MILL
STOCKS
ftoirhcm cotton mill •terkf at quoted ty R 8
Dickson and Company, of Gastonia. N. C, and
(l:eeinrtl>. 8. C. Bid Aik
Acme Ppimlng Co. 98 100
Arcadia Mills 2*o 293
American Spinning Company ——29 d
Am. Yam and Proc, Co 94 97
Am Yarn and Proc Co.. §7# pfd..102 105
Anderson Cotton Mills 102 K 6
Arlington Coiioo Mill* I*6 lot
Aragon Cotton Mills 135 151
Arrad# Cotton Mills 80 85
Arrow Mllia 95
Art Cloth Mill* S 3 9*
Helton Cotton Mill* 85 6»
Belton Cotton Mill*. 7% pfd 92 95
Kcaumont Manufacturing Co 410
Bibb Manufacturing Co 190
Brogon Milla 110 112
Clara Manufacturing Co 87 91
Clifton Manufacturing Co 138 141
Cabarrus Cotton Mills HO 155
Cabarrus Cotton Mills, pM 104 ——
Chadwick-Bosklns Co. (Par. $23) . 17 20
Chadwi»h-Hoikins Co ., $% pfd 104 • %
Chcsnce Mills 134 140
Chlquols Manufacturing C0*...-.. 255 263
China Oroee Cotton Mills 103 f
Cbiquo’a Mi*. Co., 6% pfd 94
Ca’houn Mills 117 120
Cannon Mf*. Co. (Par $10) 14%
Hover Mills 90
OJimai Bplnnlng Co 110 131
Crr-cent Spinning Co 94 66
Columbus Mfg. Co, (Oa.) 125 135
Converse, I). K. Co 118 123
Cowpens Mills 78
Darlington Manufacturing Co 87 91
Dixon Mil’s 93 101
Drayton Milla 102
Dimean Mills 103 100
Duran Mills, 7% jfd 98 99
Durham Ho tery, pfd. 38 43
Durham Hosier y''B" 5 9
Pastern Manufacturing Co 55 71
Eagle Yarn Mill# 81 85
Eagle and Phoenix (Oa.) 10* 170
Efird Manufacturing Co 109
Erwin Cotton Milla Co 141
Erwin Cotton Mills Co.. 6% pfd... 102
Flint Manufacturing Co 130
Gaffney Manufacturing Co 90 91
Gibson Manufacturing Co 123
Globe Yarn Mills (N. C.) 49 58
Gray Manufacturing Co 1"8
Glenwoml Cotton Mills 125 135
Gluck Mills 127 131
Grendei Mills Bon ——
Grcndel Mills, pfd 7% (par S3O) .. 47 50
Hamrick Mills 145 155
llancs, P. H. Knitting Co 7% 8%
Hanes. TV II Knitting Co. 7% pfd. 101 ll>L’%
Henrieifv 7% pM... 99
Hunter Mfg arid Cora. Co. 7% pfd. 93 08%
Imperial Yarn Mills 11l 121
Inman Mills 150
Inman Mills, I'r pfd 101 •
Jennings Cotton Mill 250 285
Judson MIMs , 181 164
Judson Mills 7% pfd 102 101
ing. Jno. r Mfg. Co 110
Limestone Milla 145 150
Linford Mills 9o
Lola Manufacturing Co 90
Loclte Co’tnn Mills Co. 188
Laurens Cotton Milla 145 150
Majestic Mfg. Co 154 -—>
Mandlrld Mills 150 161
Marlboro Cotton Milla 61 61
Mills Mill 285 300
Milla Mill, 7% pfd 93 lot
Monarch Mills (*. C.) 131 136
Mollohon Manufacturing Co 119 122
Moorcsrille Cotton Mill* 94 100
Mucgrore Cotton Milla 8(1 81
Myers Mills 60 6<
Myrtle Mills 83 o.*)
Nations, Yarn Mill 100 110
Newberry Cotton Milla 128 131
Norris Cotton Milla Co. 91
Grr Cotton Mill# 109 111
Orr Cotton Mills. 77e pfd 97 93
Variolate Mil’s 9* 96
Pacolct Manufacturing Co 205 20H
Vaco'et Manufacturing Co. 7% pfd. 103
Piedmont Mfg. Co., (S. c ) 132 136
Perfection Spinning Co 89 92
Poe. F W , Mfg. Co 123 127
Poinsett Mills 97 100
Prhcllla Spinning Co 45
Itanlo Manufacturing Co 115
Hirer i<le and Dan Hirer 215 224
Hlrrrside and Dan lliver 6% pfd.. lot M 3
Rowan Cotton Mills Co j.... 93 100
Roanoke
Roanoke Mil's, 2nd pfd, . 07 100
Rosemary, pfd, 7%'# 00 9*
Khvne-Hoiiser Mfg. Co 80 90
Ksxon Mills 100 105
Seminole Cotton Milla C 0......... 89 9>
Spartan Mills 150 155
Sterling Spinning Co 100 107
Htowe Spinning Co 9.1
Tuxawav Mm# (p ar $23) 32 35
Union-Buffalo Milla 00
Union Buffalo Mllss. Ist pfd 7%.. 94 95
Union-Buffalo Mills, 2nd pfd, 5%. 55% 57J/.
Yictor-Monaghara Co 107 MB%
Victor-Monaghan Co., pfd 7% 109 111
Victory Yarn Milla Co 71
Victory. $"o pf,| 93 99
Ware Shoals Mfg. Co 175 195
Watti Mills, Ist Pfd.,
Hl Hi * * nd h f «. 7% 130 142
Winget Tarn Mills Co 84 75
Wlscassett Mills Co 19n 215
Wiillaimton Mills Jon —.
Woodside Cotton Mills 114 117
Woodslde Cotton Mills, 7% pfd 91 92%
Woodruff Cotton Mill# 180 180
Arerued interest to be added to preferred
stock quotations. %
The stocks quoted shore represent prices at
which we hare buyers, and p-lce# at which we
can sell. All Quotation* subject to change with
out notice.
NAVAL STORES
SAVANNAH NAVAL STORfcS.
SAVANNAH, Ga.—Turpentine, time
SO'Ac. Sales, 92; receipts, 204; ship
ments, 785; stock, 10.52 C.
Rosin, . Sales, none; receipts,
954; shipments. 5,239; stock, 78,538.
Quotations unchanged.
JACKSONVILLE NAVAL STORES
JACKSONVILE, Fla. Turpentine,
firm, 81c. Sales. 94; receipts, 236;
shipments, 536; stocks, 21,484.
Rosin, steady. Sales, non;e receipts,
741: shipments, 2.902; stocks, 102.917.
Quote: B to I $6.45(06.60; K 26.45®-
M |6.45®6.65; N 36.80ff6.55;
window glass. J7.40@7.50; water white.
J 8.00; X, J 5.25.
SUGAR MARKET
NEW YORK.—Raw sugar, 5.46 duty
paid. Refined sugar, 7 15 to 7.50 for
fine granulated.
DAIRY MARKET
CHICAGO BUTTER. EGO AND
POULTRY RECEIPTS.
CHICAGO—Butter, lower; cream
ery extras, 3S'.4c; standard. 36'ic; ex
tras firsts. 34> 3 ff36e; firsts. 31Hff
33Hc; seconds, 28®30c.
Eggs, unchanged.
Poultry, alive, unchanged.
NEW YORK BUTTER. EGG AND
CHEESE RECEIPTS.
NEW YORK.—Butter, steady.
Eggs. firm.
Cheese, firm.
Live poultry. Irregular: no freight
quotations: express quotations un
changed; dressed poultry, steady and
unchanged.
COFFEE MARKET.
NEW YORK.—Continuation of re
cent buying caueed an opening ad
vance of 53 to 90 points in coffee
futures Saturday. March sold up to
22 30 or 26 above the low price late
last month. March broke to 21.65 or
about 65 points from the best. Clos
ing prices were at the lowest, but
showed ret advances cf 15 to 30
point,. Sale, were estimated at 61,.
000. Closing quotations: December.
22.30; March. 21.65; May. 21.10: July,
20.60; September. 20.0(1. Spot coffee,
firm; Rio 7‘s, 2384@24c; Santos 4‘s,
26 Vi77\c.
Rio exchange on Dondnn, 1-1 pence
higher; dollar buying rate, 130 rels
lower.
STOCK MARKET
(Corrected by Augusta Stock Yards.)
CATTLE.
Common 2 ®2Hc
Ordinary 3 «T3'jC
Good 3 Q ff 4c
Fancy 4Hffsc
CALVES.
Common < <?Se
Ordinary 6 ft 7o
Good 7 «74c
Fancy 8 ffSHc
HOGS.
75 ts Ift# pound* 94c
I## to 125 pounds 10c
135 pounds and up 10c
CATARRH
jsl BLADDER
CUAKP TOUR HEALTH
eaoeHviacTic i« nr*
,*•**• t’IWM
**i#r |Nf*«tioa« |iM*»rt
IlfimMlM. k.t
Ati *r
Rin-V Kit Urpt. A
99 St., K»* York
Writ* for CircmUr
MILLET SEED CROP
WASHINGTON. D. C. —Millet
seed production is expected to be
smaller than last year, according
to the United Spates Department of
Agriculture. Low prices paid for
millet and slow demand were large
ly responsible for a reduction in
acreage in many important pro
ducing districts this year. Drought
over a considerable area tliat usu
ally produces the bulk of the mil
let seed crop cut down yields be
low those of last year.
Harvesting began in some of the
most important districts about Au
gust 15 and weather conditions at
harvests time were generally fa
vorable.
Prices offered to growers on Oc
tober 1 were mostly nominal. They
were slightly higher than the low
prices of last year. Seedsmen have
not shown much interest In the
crop and but little seed had been
brought to them.
The carryover In the country is
believed to be about normal as re
tail sales of millet seed excelled
those of the preceding year and off
the larger quantity produced in
Kansas.—Acreage of millet seed
in northwestern and southwestern
Kansas was considerably smaller
than the large acreage of last year,
In northeastern and southeastern
Kansas the acreage was about the
same as last year. In all four dis-
except possibly southeeasts
ern Kansas, the yield per acre is
expected to be smaller than last
year, mainly because of drought.
Chinch -bugs did some damage par
ticularly in northeastern Kansas.
PRICES OFFERED
WERE NOMINAL.
Prices offered to growers were
nominal. Growers who received
about *1.25 per 100 pounds, basis
clean seed, for German millet last
year were being offered $1.50-*2 on
October 1 or more or less limited
quanties. Some Siberian millet was
contracted for at awv ing time by a
Missouri Valley seedsman at *1.60.
Quite a little millet seed seems to
have been carried over in Kansas, a
number of growers reporting 200-400
bushels of old seed on hand.
Missouri.—Acreage of German
millet in northern Missouri was the
same as or somewhat larger than
that of last year. Yields for the two
years were expected to be approx
imately the same. Harvesting in
some counties did not begin until
October 1. Shippers are expecting
the market to open at about *2 per
100 pounds.
Nebraska.—Acreage and yield of
Herman and White Wonder millet
in Nebraska were considerably
smaller than last year. Harvesting
began Augusta 15-Beptember 10.
Oklahoma.—ln western Oklahoma
the acreage nnd yield of German
and While Wonder millet were larg
er than last year. Growers report
ed average yields of 1,050 pounuds
(21 bushels) of German millet nor
acre. Harvesting started August
1-10.
Texas.—Nine growers In north
eastern Texas reported an acreage
of German millet for seed amount
ing to 194 acres compared with 147
acres last year. Their average
; yield this year is only 660 pounds
(13 bushels), compared with 4)50
pounds (19 bushels) last year.
Drought—reduced yields considera
bly. Harvesting began Juno 13-25.
About *2 per 100 pounds, basis clean
seed, was being offered for German
millet.
Colorado.—Acreage In northeast
ern Colorado was believed to bels
- per cent larger than lasts year,
but the yield was 25-40 per cent
smaller because of drought. Har
vesting began about August 5.
On October 1 *l-*l.lO was being of
fered for hog and $ 1.15-$ 1-25 for
Early Fortune millet compared with
last year's prices on the same date
of 80-85 per cent for hog and *1.25
for Early Fortune.
North Dakota.—The millet seed
crop in North Dakota was smaller
than that of last year because of
the decreased acreage and yield.
Thirteen growers reported 509
acres of hog and Early Fortune mil
let this year compared with 528
acres last year. Yields averaging
1,025 pounds (29 1-2 bushels) were
expected this year compared with
1.200 pounds (24 bushels) last year.
The weather was too dry and cold.
Weeds grew faster than the millet
and much weedy millet had to bo
cut for hay. Early frosts did some
damage. Harvesting began about
September 2. Prices of *1.50-*2 for
Early Fortune were mentioned in
some localities.
Fouth Dakota. Production of
millet seed in South Dakota is ex
pected to be about the same as last
year. Drought in July reduced
yields. Eight growers reported 185
acres of hog and Siberian millet
this year compared with 155 acres
last year. Y'ields averaging 885
pounds (17 3-4 bushels) were ex
pected for the 1924 crop compared
with 985 pounds (10 2-3 bushels) for
the 1923 crop. Some growers were
being offered *1.25-*1.50 per 100
pounds for hog millet.
Tennessee.—Acreage of German
millet In Tennessee is estimated to
have been about 50 per cent larger
than last year. Yield per acre was
the same as or somewhat smaller
1
E
2 t
® SS
o -2
?! 45 -
S’-! B
jj? —Prices offered growers for—
-2 S Sv thresher-run soy beans
* * fc | (per 100 lbs.)
s „jrNov. 12 Oct. 23 Oct. 24 Oct. 2J
2 o S S c 1921 1922 1923 1924
3s H « HO
Delaware 140 65 $2.65 $2.25 $3.15 $3.50
Maryland 82 90 —_ 5.00
Virginia 80 90 2.50 2.30 3.10 5.95
North Carolina 90 80 2.65 2.30 2.60 3,15
South Carolina 100 95 2.40 3.00 3.90
Tcnneessee 100 87 3.05 2.55 2.70 3 95
Georgia 100 75 2.50 2.35 3.35
Indiana IPO 96 2.15 I.B# 2.00 2 35
Illinois 94 85 2.65 1.75 2.00 2.25
Missouri 80 85
State Bureau of Markets
Trice* below are those which wholesaler* are paying P. 0. B these
consuming centers. To arrive at price* net shippers, deduct freight to
most favorable point
Atl'ta Aug'ta Macon Sav’nah Col'bua
Sweet potatoes, Tel. bulk load
ing. ion pounds $ 1.75 ) I.B* t 1.65 11.60 I 1 25
Irish Potatoes, No. 1 new, per *
150-lb. sack 2.10 2.15 2.15 2.20 225
Cabbage (green crated) 100 lbs.., 1.75 1.75 1.75 2.n0 2.00
Black eye peas, pound 0«H .0614 -06 .0614 0564
Brown eye peas, pound 04>* ' ——- .04 lotii
Kegs, fresh candled, dozen..... .40 .41 29 .45 .46
Stags, pound 22 .22 .22 .22 21
Hen*, pound 22 .28 .22 .25 121
Roosters, pound 12 .1114 .11 .11 .12
Priors and broilers, 1 to 2 lbs. ,
_ pound 28 .20 .27 .29 82
Ducka, pound 20 .15 .16 .27 .25
Oeese. pound 1214 .15 .12 .1214 17
Turkeys (hensl, pound 20 .20 .28 .30 .23
Turkey (toms). pound 2"
Country butter (best table). Ib.. .25
Country butter (cooking), pound. .20 .21 20 25 "5
Oa. cane syrup (Bbl.), gal. 75 .75 .70 .75 75
Corn meal, per 69.1 b sack .... 260 265 2.60 205 9*o
Corn. No. 2. (white) sacked, bu... 1 25(4 1.3" 1.2214 1.21 130
Oats No. 2 (white) sacked, bu 62 .65 ,62 .64 65
Psavlna hay, ton $22.00 22 00 21.50 22.50 22 0«
SUNDAY, NOVEMBER 9
STOCKS AND
BONDS.
than that of last year. Drought re
duced yields considerably in a few
counuties. Harvesting began Au
gust 15. Growers were being of
fered about *2.50 per 100 pounds for
counutry-run cultivated German
millet and *3 for clean seed.
Other States.— Acreage of Hun
garian millet In Illinois was expect
ed to be about the same as last year
while in Indiana it was considera
bly smaller. Y'ields probably will
be small than last year in both
states.
Because of low prices for Japan
ese millet last year the acreage cut
for seed this year in the lowa and
New Y’ork-Pennsylvania districts
was reported smaller than last year.
Some lowa growers received only
*l.lO per 100 pounds, basis clean
seed, for their millet seed last year.
SUDAN GRASS SEED
WASHINGTON, D. C.—Sudan
grass seed movement is ahead of
that of last year because of the
earlier harvest and better threshing
weather this year. In the Texas
Panhandle about 30 per cent, of the
crop had been sold by growers up
to Oct. 21. In scattered counties of
Kansas. Nebraska, Colorado, and
Oklahoma 10-20 per cent, of the
crop had moved. In most counties
except in the Texas Panhandle,
however, very little seed had been
sold because growers were not
generally satisfied with prevailing
prices and buyers were unwilling
to increase their bids in the face
of a larger crop than last year.
Prices on Oct. 21 were lower than
a year ago. They ranged mostly
from $3.50,-*4.50 and averaged about
*4.25 per 100 lbs., basis clean seed.
Country run prices were mostly
$3.50»54.00 and averaged *3.70. The
average prices in the Panhandle
were lower, being *3 85 for clean
and $3.60 for country-run seed. The
recent trend of prices was slightly
downward.
The quaMty of the 1924 crop Is
considerably better than that of last
year in practically all states mainly
because of less rain at harvest and
threshing time.
SOYBEAN PRODUCTION
WASHINGTON, D. C.—The 1924
commercial production of soybeans
is expected to be 20 per eeat. less
than last year, according to re
ports received by the United States
Department of Agriculture. The
aggr»gate acreage that has been or
■will be harvested for seed is near
ly equal to last year, but in prac
tically all states the yield per acre
was reduced, largely because of un
favorable weather conditions.
Delaware, a heavy producer of
Wilsons, shows a heavy Increase In
acreage but the low yields the pros
pective production to 90 per cent, of
last year. The small production of
Mammoth Y’ellows In North Caro
lina may be offset by sup
plies from adjoining states where it
is difficult to get a line on the
actual production.
In Illinois and Indiana fair yields
are being obtained on an acreage
about the same as 1923 and the
quality of the crop in many in
stances is reported to be above the
average. Incomplete reports from
Missouri and lowa indicate a smal
ler production in these states, while
the supply of Laredos In the South,
especially Georgia and Mississippi,
is indicatecNto be much larger.
Prices offered growers in the
principal producing states on Oct.
22 ranged from 15c. per 100 lbs.
higher in Delaware, averaging $3.50
per 100 lbs., to 55c .in North Caro--
lina, averaging $3.15, than on the
same date last year.,lllinois and In
diana growers were being offered
$2.25 and $2.35, respectively, com
pared with $2 a year ago. Buyers
generally have not been active ns
yet, however, and the market has
not been definitely established.
Higher prices were being paid for
a few vareties, the supply of which
has not heretofore been* equal to
the demand for seed. Among these
Is the Laredo for which growers in
the South are receiving $3, $7 per
bushel of 6ft lbs.
WEATHER FAVORABLE
TO HARVESTING
Weather conditions generally
were favorable for harvesting the
crop. Earlier storms in North Caro
lina, however, blew down the plants,
which Is seriously interfering with
the operation of the raw harvesters
used in that section and much of
the seed will be lost. In that section
not over 10 per cent, of the crop had
been harvested up to Oct. 22. Har
vesting will be in full swing there
around Nov. 1. In other sections,
the crop has practically all been
cut and is being threshed.
The carryover of old crop soy
beans In growers’ and shippers’
hands is negligible, due in large part
to activity of oil mills in buying lip
such stocks for crushing purposes
after the seed demand is over.
Comparisons of the 1924 acreage
and yield per acre of soybeans, to
gether with prices offered growers
on Oct. 22, 1924, and similar dates in
previous years are shown by states
in the following table:
SOYBEAN ACREAGE
YIELD AND PRICES