Newspaper Page Text
TUESDAY, NOVEMBER 11
COTTON AND
GRAIN.
THE WEATHER
(Forecast till 8 a. m. tomorrow.)
Augury and vicinity: Partly cloudy
and warmer tonight and Wednesday.
Georgia: Partly cloudy tonight and
Wednesday; warmer in northeast por
tion tonight, warmer in north and
west portions Wednesday.
Weather Conditions.
Low pressure in the Mississippi Val
ley and western Southern states is
causing general cloudiness over the
eastern half of the country, but there
has been little precipitation.
The temperatures are high In the
middle Mississippi Valley and western
Southern states. low In the northwest
and . moderate elsewliero.
Weather Data.
Highest temperature yesterday 57
degrees; lowest temperature this
nurning. 53 degrees.
River stage at 8 a. m 86.
Pall in 24 hours ending 8 a. m., 0.1. i
Moon: Sets 7:41 a. m. Wednesday. I
Relative humidity yesterday: 8 a. :
m., 90; 12;30 p. m., 8S: 8 p. m . 80.
E. D. EMIGH.
AUGUSTA COTTON
Spots 24.31
Monday . . . 24.13
Last Year. . 32.19
PRICES BY GRADE
Closo
Middling fair 23 .11
Strict good middling 25.06
Good middling 24.81
,Strict middling 21.0 S ,
Middling 21.31 !
Strict low middling 23.31 :
Low middling 22.31 ;
Strict good middling 21.31 ]
Good ordinary 20.31 1
receiptjFand sales
Re- Spin- Ship- year
ceipts Sales ners meats r'pts
Saturday 1487 803 135 620 1639
Monday 1949 273 100 547 2045
Tuesday 1792 620 371 303 2630
Receipts from August Ist, 1924
to November 11th, 1924 119,024
Receipts from August Ist, 1923
to November 13tli, 1923 116,039
Stock In Augusta November
11th, 1924 52,374
Stock In Augusta November
13th, 1923 56,740
O O
I I
| CLOSING QUOTATIONS
' ON NEW YORK COTTON
EXCHANGE,
O O
The following quotations from New
York Cotton Exchange were posted on
the Augusta Cotton Exchange Tues
day;
NEW YORK.
Prev
Open High Low Close close
Jan... 24.25 24. S 2 24.25 24.50 24.33 1
Mar... 24.60 25.07 24.53 24.76 24.61 |
May... 24.85 25.40 24.78 24.06 24.93
July... 24.60 25.04 24.52 24.80 24.68
Deo... 24.00 24.60 24.00 24.28 24.12
NEW YORK COTTON
NEW YORK—Monday's big ad
vance for the cotton market was fol
lowed by nervous and irregular fluct
uations in Saturdays early tradirtg.
There was evidently a good deal of
realizing combined with southern sell
ing and some selling for a reaction
but buying on the decline was en
couraged by favorable reports from
the domestic goods trade and private
advices from Liverpool stating that
T.aneashiro spinners would Increase
tlieir working hours after the end of
tWsrmonth. Th* market opened steady
it a decline of 10 to 13 points, Jan
.ary easing off to 24.23 but early of
foi irgs were well enough taken to
.*■ I ady prices and there v’ere rallies .
of * lght to ten points by the end of
the first hour.
The market strengthened after the i
two-m'nute suspension of business at
11 o'clock in obsedvanc* of Armistice
Tlay. prices making new highs for the
day and movement. Absorption of
rather heavy offerings during tho
first hour made a bullish Impression
on sentiment and covering by early
sellers accentuated the advance which
■ nrrled January up to 24.63 or about
30 points net higher.
NEW ORLEANS COTTON
NEW ORLEANS.—The cotton ox
chan#*' here was closed Tuesday—*
Armistice Day.
LIVERPOOL MARKET
LIVERPOOL.—Cotton spot, fair de
mand; prices steady.
Strictly good middling 14.40
Stood middling 14.05
Strictly middling 13.85
Middling 13.65
Strict low middling 13.45
Low middling 13.00
Strictly good ordinary 12.60
Good ordinary 12.00
Sales 6.000 bales, including 3.700
Americrn. Receipts. 52.000 bales.
Including 51.500 American.
Futures closed steady:
November 13 47
December 13.45
January 13 47
March 13.52
May '13.56
July 13 44
October 12.90
Chicago Potato Market
CHICAGO, lll—Potatoes, firm; Min
nesota and North Dakota sacked Red
River Ohios $1.00@1.10; Minnesota and
■Wisconsin sacked round whites, 75@-
90c: bulk, 75®D5c.
DAIRY MARKET
NEW YORK BUTTER. EGO AND
CHEESE RECEIPTS.
NEW YORK—Rutter, firm; cream
ary. firsts. 33%®40c.
Eggs, firm; fresh gathered exttra
firsts. Hes7c; nearby hennery browns
extras, 62%70e; Pacific coast whites,
extras, 77W80c; ditto firsts to extra
firsts, 62® 72c.
Cheese, firm; state whole milk flats
fresh, 20%®21%c; state whole milk
flats. 21 22c.
Live poultry, steady to firm: chick
ens. by freight, 23c: by express, 23®-
2X6; broilers by freight or express. 30
®4oc; fowls, hy freight, 19@25c; by
express, 18C27c. Dre-sed poultry
steady; prices unchanged.
CHICAGO BUTTER. EGG AND
POULTRY RECEIPTS.
CHICAGO.—Rutter, higher; cream
ery extras, 38%o; standards. 37c: ex
tra firsts. 34U®36c; firsts, 31%®33c;
seconds, 2?®3oc.
Eggs, unchanged.
CALL MONEY
NEW YORK. —Call money, easier;
high. 286: low. 2: ruling rate, 2%;
closing bid. 2; offered at 3% I last
loan. 2: call loans aga'nst accept
ances. 2: time loans, firmer: mixed
collateral. 60-90 days, 3id©34. Four
six months, 2%; prime commercial
paper, 3%.
ARMISTICE BALL
TONlGHT— American Legldn
Hall, Armory Building,
Campbell St.
Fulcher's New York Orchestra
Everybody Welcome
=Financial and Commercial News=
Market Closed Steady;
Augusta Spots 24.31
Gy W. A. LUFBURROW.
Market Editor.
Although there was a great deal
"reported” ' realizing in the cotton
market Tuesday, the market swung
to high levels, breaking some near
the close, but holding sufficiently to
warrant an advance. Spot cotton at
Augusta was quoted at £4.31. an ad
vance of 18 points over previous clos
ing quotations. If selling should cause
some reaction, other than a normal
fluctuation in that direction, it Is
thought that purchases will prove to
very beneficial. Indications are that
there Is a large trade demand under
the market.
Whether or not the cotton market
has been swept along In tho psychol
ogy prevailing since the election and
the deluge of buying orders reported 4
in Wall street, or has a real founda- j
tlon for its activities, remains to be
seen. The least that can he said at
this time is that ah atmosphere of
too much uncertainty Burrounds the
market. Opinions us yet Rre very
wide, and there are a large number
of the professional speculators, who
are bearish as yet.
N. Y. STOCK MARKET
NEW YORK.—Stock prices re
sumed their upward movement Tues
day despite a continuance of heavy
profit-taking In the rails and some of
the recently strong industrial special
ties. Large blocks of oils and coppers
changed hands at advancing prices.
American Can was the early feature,
jumping three polntß to new high
records at 144. New peak prices for
the year also were established by
American Tobacco B, United Drug,
American Smelting and "Katy” pre
ferred.
Trading was on a broad scale dur
ing the first half hour with the indus
trials making the best gains. Nash
Motors, American Tobacco A and I!,
"Katy” preferred, Consolidated Ci
gar, General Electric and United Drug
all pointed up a point or more, sev- |
eral of them to the year’s best prices. |
Additional new highs included Texas
Gulf Sulphur, Ray Copper, Butte Cop
per and Zinc. Hudson and Manhattan
preferred and Brown Shoe.
Foreign exchanges opened firm with
trading quiet.
Selling of the railroad shares was
well absorbed and that group was
soon headed upward agal nunder the
leadership of Southern Pacific, Un
ion Pacific, Atchison and New York
Central, for which there was a brisk
demand at rising prices. Buying of
the industrials, which had centered
in the oils, coppers and tobaccos in
the first hour, soon spread to the
equipments steels, sugars and mo
tors, all of which developed several
points of strength. "Katy” preferred
extended Its gain to four points.
Southern Pacific, Pullman and Woolen
to 2% each and American Water
works to two, the number of new 1924
highs passing the 30 mark before
noon. Total sales In the first two
hours were close tao 1.000.000 shares.
Call money renewed at 234 per cent.
With such influential leaders as
United States Steel hitting 113%, U.
S. Cast Iron Pipe and American Can,
up to new tops for the year, stubborn
•shorts were driven to cover exten
sively In the afternoon. Mexican
Seaboard Oil was a notable exception
dropping three points, but the mar
ket otherwise showed numerous ad
vances of two to three points.
The closing was strong.
Sals approximated 2,500,000 shares.
NEW YORK STOCK LIST.
Close
Allied Chemical and Dye 74%
Amedican Can 150%
American Car and Foundry 170 v?
American International 30%
American Locomotive 84%
Am Smelting and Refg 85%
American Sugar 43%
American Tel an a Tel 128%
American Tobacco 169% ,
American Woolen 37%
Am Xlnc, Lead and Smelt 8%
Anaconda Copper 39
Atchison 111%
Atlantic Cosaat Line 142% ,
Baldwin Locomotive 126 ;
Baltimore and Ohio 69%
Bethlehem Steel 43%
California Petroleum 23%
Canadian Pacific 154
Central Leather 14%
Cerro de Pasco 48%
Chandler Motors 28%
Chesapeake and Ohio 87% j
Chicago and Northwestern 68%
Chicago, Mil and St Paul pfd... 24% !
Chicago, R I and Pao 40%
Chile C.pper- 34% ,
Coca-Cola 77% I
Colorado. Fuel and Iron 39%
Congolciim 42% ;
Consolidated Gas 73%
Corn Products, new 39% 1
Cosden Oil 28%
Crucible Steel 59
Cuba Cane. Sugar pfd 57% '
Davison Chemical 54% '
DuPont do Nemours 129
Erie 30% ;
Faumous Players-Lasky 84% ;
General Asphalt 47% 1
General Electric 261 |
General Motors 58 1
Great Northom pfd 66%
Gulf States Steel 75
Houston Oil 73%
Illinois CSentral 113% j
International Harvester 97%
Int Mer Marine pfd 38%
Int Tel and Tel 82%
Invincible Oil 16%
Keliy-Springfleld Tire 15%
Kennecott Copper 49%
Louisville and Nashville 102%
Mack Truck 100
Marland Oil 38%
Maxwell Motors A... 69
Middle States Oil 1%
Misso*’, Kan and Tex 25
Missouri Pacific pfd 64%
National Lead 158%
New Orleans. Tex and Mex 103
New York Central 115%
N Y. N H and Hartford 28%
Norfolk and Western 124%
Northern Pacific 66%
Pacific Oil 55X
Pan-American Petro B 54%
Pennsylvania 47%
Producers and Refiners 28%
Pure Oil 27%
Reading 65%
Republic Iron and Steel 46%
Reynolds Tobacco B 77
Seaboard Air Line 22%
Sears-Roebuck 124%
Sinclair Con % 18%
Sloss-Sheffield Steel and 1r0n..., 71%
j Southern Pacific 104%
Southern Railway 72%
I Southern Railway pfd 77
i Standard Oil of Cal 6211
! Standard Oil of N J 38%
| Studebaker Corporation 3811
Texas Company 43%
; Texas and Pacific 41
Tobacco Products 67
Transcontinental Oil 4%
Union Pacific 147%
Un'ted Drug 108
U S Cast Iron Pipe 126%
U S Ind Alcohol 81%
United Slates Rubber 33%
United States Steel ....115
United States Steel 115
Utah Copper 81
Westlnghousa Electric 65%
Willys-Overland 7%
Wool worth 110
National Council
of Catholic Women
Meet at St. Louis
ST. LoUlS—Reports from the dlo
mun councils and national organi
zations and addressing pertaining to
education il questions woie on the
program of Tuesday's sessions of the
nation la council of Catholic women.
Catholic activities In rural districts,
the council's work In the field of im
migration and the relatlon»to the pri
vate school to the fourteenth amend
ment of the constitution were alao on
the program.
Archbishop John/J. Gknnon. of this
city. In his address Mondav night
directed th- delegates to worldly en
deavors In the /'eld of education, so*
I clal service and charity.
If the advance is not continued at
this time, it is very likely that a
normal fluctuation will take place,
and then a substantial bull movement
will be wltnesser. If business in
other fields continue as good for some
time In the future us It has been in
the past few days, It stands to reason
that the cotton market will be bene
fited. Western buyers are reported
to be optimistic and to have real
money, that is, the consumer. Europe
Moks more hopeful than has been the
oaso in quite a time. If spinners of
Europe take, not what they actually
need, but what they will from pres
ent indications be able to buy, there
will doubtless be a very heavy de
mand on American raw.
The following letters on the cotton
crop reports have recently been pub
lished in Commerce and Finance:
Edward S. Butler, president of tho
New Orleans Cotton Exchange, has
addressed the following letter to all
the other cotton exchanges of the
United States:
Ordinarily full and abundant Infor
mation upon all matters concerning
the growth and marketing of cotton
is most desirable. In the interest of
producers, merchants and consumers,
too much data cannot be furnished
from day to day embracing actual
facts as.they transpire. These, how
ever, are entirely separate and apart
from the character of reports put
forth by Washington authorities con
cerning condition, indicated yield and
indicated production reported semi
monthly under act of Congress ap
proved May 3. 1921. At best these
semi-monthly reports are largely
guesses or estimates, but as they are
Issued under government sanction,
thev carry with them the practical
weight of statements of actual facts;
and as such are productive of violent
fluctuations, creating uncertainty and
bewilderment seriously interfering
with tho conduct of the cotton busi
ness from grower to ultimtae consum
er and with the satisfactory distribu
tion of manufactured products.
The effect of this new departure
has been the creation of a “waiting
market” or a general hesitancy on tho
part of both sellers and buyers for
(lavs prior to government promulga
tions, interfering with the normal ope
rations of supply andd omand and
creating widespread want of confi
dence both ways.
It has been claimed that under such
conditions orderly marketing of the
cotton crop Is not possible and that a
continuous healthy demand cannot bo
maintained so long as the market is
subject to the tenter-hooks of un
certainty of too many official govern
ment guesses or estimates.
We have been urged by various
sources to take this matter up with
the Washington authorities for the
purpose of influencing an amendment
to the law and if we cannot do bet
ter to secure If possible a return to
the previous monthly system.
We believe, however, that any such
efforts should be general and for that
reason earnestly invoke your views on
the matter.
Complaints such as above set forth
come from both sides of the Atlantic
and are not confined to any one
branch of trade. The question Is: Is
the government Issuing too many re
ports, not of actual facts but of
guesses or approximations?
Trusting you or your organization
may favor us with an early response,
1 am Very truly yours.
EDW. S. BUTLEIt, Rresident.
The directors of the Dallas Cotton
Exchange have asked the Texas rep
resentatives in Congress to sponsor
legislation prohibiting the Issuance of
these reports, and other exchanges
are also understood to have forward
ed petitions. The National Wholesale
Dry Goods Association has addressed
an open letter to all members solicit
ing their Individual co-operation in
placing tho matter before Congress.
G. Abbott Middleton, of Middleton,
Hitzmann & Co., Dallas, writes as
follows:
Being In the spot cotton business, 1
have passed through tho agonies of
the government reports so far this
year and look forward to the re
mainder of these reports with a great
deal of anxiety. The way that the
government Is Influencing the public
opinion of the world In regard to the
size of the crop tends to make the
cotton business not only one of the
most hazardous imaginable, but also
one of the most unsatisfactory of
businesses. I sincerely hope that you
will keep on hammering along these
same lines, as the only way in which
to have the department change their
methods Is to have the public sym
pathy against an estimate every two
weeks.
Wo find that the sellers and buyers
of spot coitop in the Interior all over
the world are afraid to act at all for
a few days before any one of these
reports is issued. Generally speak
ing, once they have been issued they
change the public opinion In regard
to tho probable price trend so radi
cally and so suddenly that it is most
difficult to continue trading for prob
ably a week after they are out of the
way. In other words, it appears to
the writer as though the cotton man
1 will be kept on edge this entire year
as his judgment In regard to the basis
nnd the future prices counts for abso
lutely nothing.
■
Although Department of Agrlcul-
I ture officials have thus far declined
to be drawn Into the controversy, they
hold the opinion that It Is to early to
judge the results accurately. W. F.
' Callander, chairman of the Crop Re-
I porting Board, Is quoted as expressing
i the opinion that the Issuance of such
reports, at least in September and
October. Is needed by the cotton
growers, and probably Is desirable for
other months also. Mr. Callander re
called, at the same time, that the De
partment of Agriculture did not start
the move for aeml-monthly reports,
but accepted the recommendation of n
conference of cotton lntercata called
by the late secretary, Mr. Wallace,
last December. An official statement
will be Issued this week.
NAVAL STORES
SAVANNAH, Oa. Naval stores
market closed —holiday.
NEWS IN BRIEF
Treasury department will ask con
gress either to repeal or clarify pro
visions of tax law, making income
taxes public.
Premier Baldwin at London praises
work of ltameay MacDonald, his pre
decessor at. London conference which
he declares marked re-entry of Am
erica Into European affaire.
Navy department on behalf of
United Slates government formally
accepts ZR-3, German built Zeppelin.
British parliament Is prorogued
from November 18 to December 2 to
enable new ministers to become ac
quainted with departments.
Divorces In 1923 in United States
showed 11 per cent over 1922 wh'le in
the same period number of marriages
increased 8.4 per cent.
Viscount Cecil becomes member of
British cabinet as chancellor of Duchy
of Lancaster.
About 25 alleged I. W. W. said to
, have been Involved In strike at hydro.
electric plant at Concrete, Wa«h., are
! taken to county line by sheriff snd
, told to k-ep going, says dispatch to
i Seattle Tirnea.
Action Is brought In supreme court
of District of Columbia by William
Baldwin Khearer, of New York, to
prevent n&w from using dismantled
battßilp Washington ns target on
I ground action violates arms treaty,
|
I Florence Kilng Harding, widow of
I late president. Is reported In critlrrl
I condition by her physician.
THE AUGUSTA HERALD. AUGUSTA, GA.
| SWEET GLOVER SEED
| WASHINGTON, D. C. Sweet j
1 clover seed somewhat has been j
fairly active hut not quite equal j
i to that of last year, according to
| the United States Department of
j Agriculture. It Is estimated that
about 45 per cent of tho crop had
! been sold prior to October 21. The
j greatest movement had taken place
in northeastern North Dakota, and
Southeastern Kansas.
Pricqs offered to growers for
clean seed on October 21 averaged
about $lO per 100 pound*, basis
clean seed, or 50 per cent per 100
pounds less than last year at a
corresponding time. In tlie heaviest
producing districts about $9.50 was
being paid to growers.
The quality of the 1924 crop Is
| slightly better than Inst year, al
-1 though in a few districts, particu
! larly in northwestern and west cen
tral Minnesota, the quality is lnfe
j rior to that of last year.
I No sweet clover seed was lm
! ported during the first two weeks
| of October compared with 100.900
pounds for the same period last
year.
North Dakota.—ln northeastern
North Dakota about 65 per cent and
in southeastern 45 per cent of the
crop had left grower's hands. Prices
paid to growers in these districts
on October 21 ranged mostly from
$8.50-$10.50 and averaged $9.50 per
100 pounds, basis clean seed.
Minnesota. —About 80 per cent of
the crop In northeastern Minnesota
uml less than that in other por
tions had been sold by growers. The
movement lias been considerably
slower than last year, Growers
were receiving $9.60i per 100 pounds,
basis clean seed.
South Dakota. —Movement In
South Dakota during the past few
years has been slower than in North
Dakota and Minnesota. About 20
per cent of the crop in northeast
ern South Dakota had been sold.
Growers were being offered about
$8.90 per 100 pounuds, basis clean
seed.
Kansas. About 75 per cent of the
crop in southeastern Kansas had
been sold. Movement In that dis
trict has been above normal nnd
that of last year. Growers in oth
er sections of the state have ,1101
been selling so freely. About $9.50
per 10r pounds, busls clean seed,
was being paid to growers, excop.
In southewestern Kansas, where
prices were sl-$2 higher.
Nebraska. Approximately Sft
per cent of the crop in Nebraska
had left growers’ hands. In south
eastern Nebraska growers were re
ceiving $8.85 per 100 pounds, bosls
clean seed, and in other sections of
this state higher prices were being
paid.
Illinois.-—About 45 per cent of the
crop in northern Illinois had been
sold by growers up to October 21.
Prices paid to growers varied con
siderably, ranging from $!0-$lS.50
and averaging about sl2 per 100
pounds, basis clean seed.
Other Stares. —In Colorado and
Utah mostly $8.50-S9.FO, In Wyo
ming $8.50-$lO, and in Montana
$lO-sll per 100 pounds, basis clean
seed, were being offered to growers
on October 31. In the more impor
tant producing districts of Colora
do, Wyoming and Montana close to
50 per cent of the crop had left
growers’ hands.
STOCKS AND BONDS
(Corrected by-T. D. Carcv & Co 1
STOCKS: Bid. Ask.
Augusta Factory 10 —-
Augusta and It. R... 94 98
Ron Air Hotel Cor. com... 62 67
Bon Air Hotel, pfd 62 67
Citizens & Sou. Bank 245 -.'ll
Enterprise Mfg. Co 95 102
■ Georgia R. R. Bonk C0...195 *9O
Granlteville Mfg. Co 145 15 J
John P. King pfd 104 --
John P. King, com 110 ]2O
National Exehnngo Bank. 106 llu
Sibley Manufacturing Co.. 65 75
Southwestern Railway ... 99 101
Union Savings Bank HO 15'
BONDS: Hid Ask.
Augusta Factory Bs. 1941. 99 101
Bon Air Hotel 7s. 1942 102 104
City of Augusta (bas'sl.. .4.3519
Ga. R. R. * Bkg. 4s, 1917 83 85
Ga. R. R. &. Bk. Co 6s 1951..108 --
Granlteville Co. 7s, 1948..102 103 50
Langley Mills 7s. 1943.... 97 99
Sibley Mfg. Co., 7s, 1942..102 104
State of Georgia (basia). ,4.2G7»
STOCK MARKET
(Corrected by Augusta Stock Yarilz.)
CATTLE.
Common 2 ®2%c
Ordinary 3 ®3%c
Good 3%W4e
Fancy 4%®5e
CALVES,
Common 4 ®sc
Ordinary 6 ® ? e
Good 7 «7%c
Fancy . : 9 ®B%c
HOGS.
75 to 100 pounds 9%c
100 to 125 pounds 10c
125 pounds and up 10c
PRODUCE MARKET
Flour—Hard wheat. 98-lb. cot
ton sacks, bbi $7 75
Flour—Plain. 98-lb. sks.. bbl.. 7.70
Flour—S.-R., »ks . bbl 7.80
Flour—R.-It., 48-Ih. aka, bids... 7.15
Flour—Best plain, 98-lb. sks.,
i barrel 6.75
: Flour—S-R„ 24-lb. sks., bbl... 7.10
I Flour—S.-R.. 24-lb. sks., bids.. 6.55
I Bud heat, 24-pkg. case 355
Grits, 24 2s, per case 1.90
Grits, 12 3s, per case 1.90
Orlts, fine and medium, 96s
per sack 2 40
Meal, 9Gs, per sack 2.50
Meal, 48s, per sack 1.22%
Meal, 245, per sack 65
Rice—Fancy, No. 864 or Nd. 113,
100-lb. sks., lb 06%
Rice, fancy, No. 68, 1b..,.. 07%
Wesson Cooking Oil, 24 pints., 5.75
Wesson Cooking Oil, 12-qt. ease 6 40
Wesson Oil, t 1-gal. cans, ease. 9.80
Axle Grease, 10c size, 1 -lb., 4
dozen 8.75
REEDS.
Amber Cane, 150-lb. sks 60
FOREIGN EXCHANGE
NEW YORK.—Foreign exchanges,
Irregular. Quotations In cents:
Great Brli_n, demand 4.61 7-16; ca
bles, 4.61 11-, ;, 60-day hills on hunks,
4.58 11-16.
I France, demand 5.80; cables 5.30%.
I Italy, demand 4 32%; cables 4.331/..
Belgium, demand 4.84%; cables 4.85.
Germany, demand, 23.8.
Holland, demand 39.88.
Norway, demand 14 76.
Sweden, <\s and 26 82
Denmark, demand 17 63.
Switzerland. (Icmand 19.20.
Spain, demand 13 57.
Greece, demand 1 79%.
Poland, demand 19%.
Cseeno-Hlovakla, demand 2.98.
Jugoslavia, demand 1.45%,
Austria, demand .0014%.
Rumania, demand .55%.
Argentina, holiday.
Brazil, demand II 55.
Tokln, demand 38%.
Montreal, demand 1 09.
□ OMfc&riC GRAIN EXCHANOtS
CLOSED TUESDAY.
CHICAGO.—AII domestic grain ex
changes are closed for Armistice Day.
I Livestock market were open
BAR SILVER.
NEW YORK. - Bar silver, 65%;
Mexican dollars, 53%.
#T. LOUIS GRAIN AND HAY.
ST LOUIS -Grain and hay markets
el no d Armistice Day.
MEDICAL SOCIETY OF
TENTH DISTRICT TO
GATHER WEDNESDAY
The meeting of the Tenth District
Medical Society to convent) at tho
University Hospital Wednesday
morning promises to he of interest
ing value to the medical profession,
ns there are to ho a number of 15
minute papers rend and discussion
h:ul on various subjects.
At 2 o’clock will bo enloved a
luncheon at the Partridge Inn fol
lowing the morning session of the
society. •
The following local physicians
will make addresses at the meeting:
Dr. Thomas D. Coleman, Dr. V. P.
Sydenstricker, Dr. P. F. Neal, Dr.
T. E. Oertel, Dr. Hugh N. Page, Dr.
Asbury Hull. Dr. John C. Wright,
Dr. W. A. Mulherin, Dr. E. E. Mur
phoy, Dr. A. J. Kilpatrick and Dr.
il. It. Noaglo
The program which begins at 9
o'clock a. m. is as follows:
1— Ear. Ear, Nose and Throat
Clinic, University Hospital—
—Dr. T. E. Oertel.
2 Meeting called to order by Pres
ident Wm. Rawlings, Snnders
vlllo, Ga., 10 a. m.
Address of welcome by Dr.
Thos. D. Coleman, Augusta.
Response by Dr. T. B. King,
Sandersville.
1— "Diabetes,” by Dr. V. P. Sydcn
atricker. Discussed by Dr. J.
1). Gray.
2 "Some .Features of Mental Dis
eases,” Dr. R. C. Swlnt, Mil
ledpevllle.
Discussed by Dr. P. F. Neal,
United States Veterans' Hos
pital, Augusta.
3 "Relation of Syphilis to Trau
matic Lesions,” Dr. Hugh N.
Page.
Discussed by Dr. Asbury Hull,
of Augusta.
4 “Accidents In Anesthesia," Dr.
John C. Wright, Augusta.
C—" Modern Treatment of Diarrhea
in Babies," Dr. W. A. Mulherin,
Augustn.
6 "Bronchial Spirochetosis," Dr. E.
E. Murphey.
7 An Obstetrical Subject, Dr. A. J
Kilpatrick.
8— Medical Extension W rk, Dr. H.
11. Neagle, Augusta,
Discussion hy Dr. V. P. Syden
stricker.
General discussion.
9 Election of iffleers.
Luncheon at. Partridge Inn, 2
p. in.
I NEW STEEL COACHES
I
For the “Augusta Special’’
Are Announced
New steel coaches of the lutezt
type have been assigned hy the
Southern for use on the "Augusta
Special” between Augusta nnd
Washington nnd the new curs are
now running Into and out of Au
gusta every day. These new cars
are of most modern construction
and add much to the appearance
and comfort of this already popular
train.
Settings of Early
American Life Are
Placed on Exhibit
NEW YORK. —Settings of early
American life, authentically pictur
ed In what is described as UlO larg
est and most complete collection in
America In existence will lie exhib
ited to tho public for the first time
Tuesday when the New Americana
wing of tho Metropolitan Museum
of Art is formally opened.
The collection is the girt of Rob
ert W. DeForest, lineal descendant
of Jesse Do Forest, early New York
City settler and Mrs. DcForest. It
hou.ssH rich collections of early
American prints, paintings, furni
ture, fabrics, fire places, wood
carvings, silver, glass pottery, old
tile and other ceramics.
Included in the collection ore
complete rooms that havft been
taken from old houses, Inns and
taverns which were centers of ac
tivity in colonial and revolutionary
days.
A notable exhibition Is the large
hall room of Gadsby's tavern at
Alexandria. Vn., whore George nnd
Martha Washington foregathered
with others of the Virginia gentry
nnd where LaFayctte was dined and
feted.
CONVICT CAPTURED
PHILADELPHIA —A ft e r nine
nine hours of liberty gained hy es
cape from a taxicab while In
charge of Deputy United Staten
Marsha). John Cnrbally, convicted
In federal court Monday of having
been implicated In theft from the
mails of liberty bond coupons, val
ued at $8,600 was captured late
Moncfay night within a block of city
hall. He was on his way to the fed.
eral prison in Atlanta whPn he es
caped,
APPROVE CONVENTION
MEXICO CITY—The Franco
.Mextoan revolutionary claims con
vention which Is similar to that
nego'iated between Mexico and the
United States was approved Mon
day night by the senate.
LIVESTOCK MARKET
CHICAGO CATTLE. SHEEP AND
RECEIPTS.
CHICAGO, 111—Hogic Receipts, 48..
000, moerately active; 10c; to 25c low*
er; underweight 15c to 25c off; lop,
$9.80; bulk good and choice 100®.HO*
pound butchers, $9 40419.70; 140® 190-
pound averages, $8,25®3 25; bulk
packing sows, $8.70®3 00; strong
weight slaughter pigs, $7.75®8 00;
average cost of puckers and chipper
drove here Monday $9.28. Weight 240
pounds.
Cattle: Receipts 12,000, killing qual
ity generally plain: medium graded
steers, $5.00 and below; yearlings,
firm; spots, higher; strictly choice
kind bid $13.00; Stockers and feeders
weak at recent decline; country de
mand narrow, supply fairly liberal;
she stock fully steady; Lull* active;
strong, veelers strong to 25c higher;
outsiders fairly aetlve at $9 50 and
above; packers buying largely at 89.00.
Sheep'. Receipts, 12,000; fnt lnrnbe,
steady to strong; esrlv bulk natives
and comeback SI3 Duff 13 50.
ATLANTA CATTLE AND HOG
RECEIPTS
ATLANTA, G*.— Cattle: Receipts,
100; steady; light suits, 13 604(5 00;
beef cows, 13 25114.ini; runners, $2.00-
® 2 60: few cutters, 12.75.
Hogs: Receipts, 600; bulk billed di
rect or through; 160 pounds up quot
able |lO 26''/. 10.75; mostly around
$10.50; :130® 160 bounds $5.0®9.50
slaughter pigs. $8 15®9.09.
TOO LATK W OR~CLA3BIFICATION
LOST AND FOUND
LOFT: BLACK LEATHER WALLET
Monday evening, contents valuable
to own«-r only Reward If returned to
Monlell Btudlo. nit
1024 CORN CROP
ram. lest
ICE 1913
WASHINGTON-The smallest
v i n crop since 1913 was tho reward
of American far men this year who ]
planted tho fifth largest acreage
so that crop In the history of farm
ing. ot only wan the harvest nub ■
manually below those of tho last
four years, but the ( merchantable
quality of this year's crop Is the
lowest In 30 years, with the excep
tion of 1917.
Preliminary estimates of produc
tion, Issued Monday by the depart
ment of agriculture placed the crop
at 2,470,588,000 bushels, tho acreage
of 105,601,000 or 1.4 per cent, more
than last yenr, nnd the merchant
able quality of tho crop as 63.2 per
event. Corn production during the
lust four years has averaged more
than 3,000,000,000 bushels.
The while potato crop, estimated
nt 45 1,118,000 bushels, Is slightly
larger than the big crops of 1917
and 1022. I’cr caplin production
this year is 4.08 inushcl compared
witli an average 3.76 per capita
during the last yenr.
Drought in important Southern
producing states greatly reduced
the sweet potato crop which st
estimated nt 76,020,000 bushels, or
about 25,000,000 bushels below tho
average of the last five years an 1
the smallest crop since 1916.
Tobacco production of 201,000,000
pounds less than last yenr with a
total crop of 1.213,975,000 pounds
.estimated. Bright tobacco shows a
decrease of 115,000.000 pounds,
cigar types 63.000,000 pounds, and
Maryland nnd eastern Ohio export
types 1,817,000 pounds. Quality of
the crop varies in New England, is
good in Pennsylvania, not so good
in tho Miami Valiev of Ohio, nnd
poor in Wisconsin. Quality in Ken
tucky will depend -on rains during
the curing season. Maryland ex
port suffered some from frot *.
Bright tobacco in the main produc
ing regions is slightly better In
quality than last year though stir
low.
Corn production averaged 23.5
bushels per acre this year ns com
pared with 29 2 bushels last venr
and 27.6 bushels (ho ten-year aver
age.
NOTORIOUS GUNMAN
SHOT TO DEATH IN
HIS FLOWER SHOP
CHICAGO- Gan* rivalry. beer
runners feuds, gambling trouble*
and a fight of Lieutenants of rival
gangs over a woman wore theories
followed by poller Tuesday In their
search for the three men who Mon
clay shot and killed l)lon O’Bannon,
notorious gunman nnd gangster. In
his flower shop. While they nought
Mike Carror.o, labor leader. nnd
Margaret Collins, pretty hloridr In
volved In n fight eight months ago
with Louis Altiere nnd John Dates,
alleged lieutenants < f O'Brannon
tlio police took pre iiu**s»'s to pre
vent more killings in reprisal.
All known enemies of O'Hannlon
questioned after the shooting lm<l
been released Tuesday when they
natlsfi d investigators they had no
connection with it. Rut as police In
quiry progressed It was disclosed
that more than the three men who
fled afler firing six bullets Into
O’Bannion may have been Involved
In th- aclua! slaying.
A theory that possibly 28 men,
using nine automobiles effectively
blocked traffic la the vicinity of the
florist shop while the slayers es
caped In their automobile wan evol
ved after witnesses were question
ed. The blockading nu’omoblles
given scant attention nt the time
paus'd nt street interserlons only
long enough to. permit tho three men
to speed away, the hypothesis held.
SIMPLICITY WILL
MARK FUNERAL OF
HENRY CABOT LODGE
BOSTON-Simplicity will be ob
served s', the funerul Wednesday
of Henutor Henry Cabot Lodge, In
accordance with the family's wishes.
President Coolidge directed that
the officers In command of military
units here do nil In their power
to carry out the wishes of Benn
i tors Lodge'a relatives. It was said
to be Improbable that military es
corts would he accepted, however.
As representatives of the presi
dent. Secretary of State Hughes,
Secretary of War Weeks nnd Cap
tain Adolphus Andrews, naval aide
to tho president, will attend. There
will he delegations from the sen
ate and the house.
: PURVEYOR OF GEMS
TO MOVIE COLONY
IS SHOT TO DEATH
LOB ANOKLKB—The Identity of
of tho person who shot and killed
Harry I. Katf, musician, art col
lector, real estate operator and
purveyor of diamonds to the mo
tion picture colony, as he opened
the door of his apartment In a
fashionable residential district here
Monday night remained ns ffitjch
a mystery Tuesday nt it was a
few minutes after the shooting.
By following up the threads of
! the man's various activities, police
1 hoped to discover a mptlre for the
shooting If not a different clew to
the Identity of the slayer but the
j results of a night Investigation left
. unsettled the ejuestlon whether
money, diamonds, a woman or dis
putes centering about a German
built yacht lay at tho bottom of the
killing.
Acquaintances of the slain man
revealed that he had purchased for
$50,000 the apartment house In
which he lived, paying host of
tho purchase price In diamonds;
that he had bought a German-built
yacht about three months ago, also
with diamonds; that men he Wept
on that yacht had quarreled with
him over money due them; that he
had numerous women callers; that
lie was In some sort of financial
difficulty and wan planning to sell
his pseht nnd that he habitually
rnrrlfd precious gems about With
him. finding buyers Iti the motion
picture colony lure.
Centra! ol Georgia Plan For
Farm Settlement Is Announced
An advertising plan under the pro
visions ;>f which tho Central of Geor
gia Railway will 00-operato In secur
ing (ieslrablo settlers for farm lands
in Georgia and Alabama Is announced
hy President L. A. Downs in an In
teresting sttaemont publishod Tues
day.
.Mr. Downs polntß out that th«
South’s undeniable advantages of
long-growing seusons, ample rainfall,
mild winters, crop variety and low
priced lands appeal to many farmers
residing In other sections. He be
lieves that the five essential require
ments to attract, settlers are farms
capable of profitable crop production,
reasonably priced, of a workable size,
for sale upon favorable terms and
with modern Improvements.
The Ccntrr.l of Georgia is willing to
advertise such farms In publications
which are read by the class of home
seekers desired, nnd to prepare and
mall pamphlets which will set forth
tin' advantages of Hilh section for
home-seekers, provided that the land
owners, real estate agent, commercial
organizations, an 7 others Interested,
will offer for sale a total of not less
than 200 farms located along the lines
of tlie Central of Georg a Railway
and within eight miles of a Central
station.
It la suggested that the farms
should range 111 size front 40 to 200
acres; -should he under definite op
tion, running until April 30, 1926; that
EXTRADITION PLEA
In Webb Case Will Be Held
Wednesday
MACON, Ga.—A hearing on the
plea for the extradition from Geor
gia of L. O. Wshb of Gainesville,
Fin., alleged "master mind," In the
Atlantic const line, payroll robbery
at High Springs, Fla., lust May,
will be held lit the office of Gover
nor Walker In Atlanta Wednesday
morning, It was announced at the
office of Sheriff .1, It. llicks, Jr.,
Tuesday. Webb Is In the Bibb coun
ty Jail. He was arrested Saturday
hy sheriffs deputies, and is charg
ed with'engineering the robbery at
High Springs, while he was captain
of A. »\ L. police there. Tin- loot
war $16,555. Webb has employed W.
A. McClellan, attorney to represent
him at tlie hearing In Atlanta. The
attorney w.Tt leave litre Tuesday
night.
On what grounds Webb's attor
ney will fight extradition, are not
known. Sheriff J. G. Ramsey of
Alachua, County, Florida, arrived
from flainesvifio. Sunday morning
with warrants for Webb* arrest,
but the latter refused to accompany
the sheriff without requisition pa
pers. Then It was that Governor
Walker was appealed to.
Others implicated in the robbery
I arc L. E. Knott, anti Knotts broth
or-ln-lltiw. John McDonald, i.nd tho
latter'* wife.
MACON WATCHMAN
Is Severely Injured By Rob
bers
MACON, Ga.—Local detective*
Tuesday morning were still with
out any clue to tho Identity "f the
men, believed to hnvo been robbt-rs.
who attneked nnd severely injured
W. E. Townalcy, night watchman
at (lie plunt of the Mn--on BeWSf
Pipe Company, at 1:30 o’clock
Tuesday morning.
Townalcy was taken to n ho*
pltnl shortly after Hie attack and
It war. stated there Tuesday that
his erudition ia not serious. The
watchman wan knocked down with
a club ns he emerged from the
company’s office nnd I* unable to
describe his assailant*, or to tell
how many attacked him. The plant
Wits not entered.
GLOBE OIRCLERS
Aro Officially Welcomed at
New Orleans
NEW ORLEANS—Th* United
States army round the world fli-rs,
Lieutenants Eric Nelson and Leigh
Wade, with their associates, Lieut
enants John Harding and H. O.
Ogden, who were officially wel
comed to the state nnd city on
their arrival here from Houston,
’ had a busy day abend of them Tues
day. They were turned over to local
j posts of the disabled war veterans
and the American Legion, whoso
I guests they were for the day. They
wore assigned places of honor In
the Armistice Day parade and late.r
attended a banquet and a dance
given by the American Legion.
The airmen will remain here un
i til Wednesday morning when they
are expected to resume their Juur-
I ney to Dayton, Ohio, returning to
Houston where their ships will be
refueled before hopping off for
Fort Worth.
Pneumonic Plague
Symptoms Appear
In Mining Towns
MARION, lll.Health authorities
of Williamson conn—ty Tuesday
were awaiting word from the state
board of health regarding It* find
ing In 14 ease* believed to ha trace
able to pneumonic plague nnd dls-
I covered at Hurst and Bush, two
| mining towns.
| According to Dr. A. W. Springs.
1 of Dewmnlnes, the patient* h»ve
1 shown “all symptoms'-' of the
! plague. Twelve of the eases were
reported from Hurrt. two ending In
| the deaths of the patients who were
; sisters snd were living In the same
house, The other two, Dr. Springs
said, had been found in Busin
Stale Bureau of Markets
price* below are thou* which wholeaalera ara paying P. 0. B. the*#
coniiumlng center*. To arrive at price* net ahlppera, deduct freight t*
most fgvorahl* point. ..... _ . . _ ...
Atl ta Aug'ta Macon Sav'nah ColT.ua
Sweet potato**, Tel. built load
ing, 100 pound* » 1.76 I 1.80 I 1.05 |:.«0 I 1.15
trluli I'otatoea, So. 1 new, per
160-lb. Back MO 2.15 2.15 2.20 2.26
Cabboge (green crated) 100 Iba... 1.75 175 1.75 2.00 2on
Black ey« pea«, pound 06V4 .00t4 .04 .0014 .06>4
Brown cy# pea*, pound .0414 .04 .04H
Kgga, freah candled, doien.,,.. .40 .41 SO .41 .48
Stag*, pound 22 .23 .27 .22 .21
Hcnft, pound 2.7 .27 .22 .25 .21
Roniitera, pound 12 .1114 <ll .11 .18
Krlnr* and brollera, 1 to 2 Iba.
pound * .22 .30 .27 *2O .38
Puckx, pound <2O .16 .15 .27 .26
(Irene, pound 1214 <l3 .13 .13V4 17
Turkeya (heni), pound .30 .30 ,f>! .30 .31
Turkey (tnma), pound 80 ,30 .03 .80 .37
Country butter (beat table), lb.. M .23 .35 .30 .38
Country butter (cooking), pound. So .81 .30 .25 .25
(la. cnne ayrup (Rt>l.), ga1....... .75 .75 .70 .75 .75
Corn meat per C».lb. aark .... 2.10 285 2.80 2.05 ;.8o
Corn, No. 3. (white) eneked. bu... 1.2344 1.30 1 3354 1.31 1.30
Ont» No. 2 (white) ancked, bu .... 83 86 .88 68 .86
Pea vine bay. ton J 3 2.00 22 00 21.50 22 00 22 0#
ELEVEN
STOCKS AND
BONDS.
there should not be less than 10 such
places in each community, and that
the terms of sale should require not
more than one-fifth carl) us Initial
payment with balance in 15 or more
annual Installments, nt a fair rate of
interest. It is further suggested that
suitable lmpvovemens or »omo defi
nite arrangements to finance tho con
struction of buildings should be of
fered and that at least one-third to
one-half of the land should be clear
ed and ready for cultivation.
In announcing tlie readiness of th«
railroad to take the lend In advertis
ing nurli offerings. Mr. Downs says:
"The Central of Georgia believes, in
the light of past experience, that
Ihese requirements aro not unreason
able. We know that this section
possesses productive land which can
be bought for prices which are rela
tively low when compared with those
In other sections which are success
ful in attraellng home-seekers. We
believe that the problem which must
bn solved Is to offer these lands In
such a way as will give desirable set
tlers a real opportunity to buy."
Those Interested In taking sdvant
agu of Hie Central's offer should write
to J. F. Jackson, General Agricultural
Agent of the rntlrond, nt Savannah,
(la. It is believed that many com
munities enn easily qualify with the
conditions set forth, and that definite
. progress will follow the railroad's Ini-
I tiatlve. ____________
$86,000 SPENT
For New Construction Work
Here In October
City Building Inspector W. B.
Brown shows that 14 new homes
wore erected here (luring tho month
of October, in addition to two com
mercial building*, one filling ela
tion and seven miscellaneous
structures. Tlie total estimated cost
of new buildings for the month is
$37,265.20, for additions and repairs
$29,046, with a total estimated coet
of all building projects of $66,311.20.
The building inspector’s month
ly report ot bulling is as follows:
Permits Cost
Miscellaneous 7 660.00
Permits Cost
Residences 14 $29,712.20
Commercial 2 3,550.00
Filling Stations .... 1 3,338.00
Total new Bldgs 21 $37,265.20
Additions and Kcpre.l2B 29,016.00
Grand total 152 06,311.20
Inspections for the month 196.
SAM LEE
Tried on Charge of Receiving
Stolen Goods
The entire morning and part of
the afternoon session of superior
court Tuesday was devoted to the
1 trial of Sam Lee, charged with re
ceiving stolen goods. It was alleg
ed by the state that the goods In
nuestlon were stolen from a rail
road freight box car. It was not
shown by the state who burglar
ized the car. neither was it charged
tlmt Sam l-e« hud nnytnlng what
ever to do with tho theft of th#
goods.
Taking the witness stand In his
behalf, the defendant told th* Jury
that he bought tho goods from a
white man woh told him that hs
was going out of business and
wanted to dispose of his stork of
goods. He said tint during hi*
nine years of conducting a general
mercantile business (n Augusta, hs
frequently bought goods ut auc
tions and nt "ole ho**” sales. Hs
denied any knowledge of the good*
being stolon.
A number of ladies testified n* to
ihe excellence of his character, and
business men of the city who havs
dealt with the defendant told the
Jury thut their years of dealings
with tlie defendant were always
satisfactory nnd hln character, they
considered, was good, and exeel
lenL Archiband Blnckshfar, city
attorney, snd Judge Louis L. Kent,
police recorder, testified ss to th#
standing of Sam and said that
his character they consldsfod as
excellent.
A verdict In th* case had not
bten reached during; th* Sarlv »»xt
of the afternoon.
J. WILLIE LEVY & SON
SOON WILL CELEBRATE
• ITS 75TH ANNIVERSARY
Augusta's oldest mercantile es
tablishment, J. Willie Levy & Son,
will soon celebrate Its 75th anni
versary. This celebration will b*
In the nature of a reception to be
held at the new store, 916 Broad
street, where old and new friends
will be welcomed; the exact date
will he announced later.
Tho firm is especially anxious to
get in touch with old customers,
both in the city and surrounding
territory who have traded with the
Levy* ns long as 20 to 75 yenr*
and will greatly appreciate them
getting in touch with the firm at
once ns these very old connections
will form one of the most interest
ing part* of the program.
The firm Is also anxious to bor
row very old articles of wearing
apparel such as suits, hats, dresses
and skirts of the older periods.
Every effort will b* made to make
the celebration an interesting event
and coeoperntlon of the public will
be greatly appreciated.
PEANUT QUOTATIONS
(By THE GA. COTTON OIL CO.)
Carload lot* f o. b. shipping point,
SBS. Wagon load lot*. $8! per ton.
(These quotation* nr* subject ts
change without not'ce.)