Newspaper Page Text
SIX
COTTON AND
GRAIN.
AUGUSTA COTTON
Spots 24.63
Friday .... 24.56
Last Year. . 33.25
PRICES BY GRADE
Close
Middling fair 25.63
Strict good middling 25.31
Hood middling 25.13
Strict middling 25 on
Middling 24.63
Strict low tniddlmg 23 6.5
Ldv middling 22.63
Strict good middling 21.63
Good ordinary 20.03
RECEIPTS AND SALES
Re- Spin- Ship- Y*«*
celpts Sales nerswenO r'pt*
Saturday 1273 773 414 1064
Receipt* from August Ist, 1324
4 to November 15th, 1324 124,328
reclpta from Au|rust I*t, 1323
to November 17th, 1323 121,543
stork in Augusta November
15tb, 1924 22,384
Stork In Augusta November
,17th, 1923 54,112
NEW YORK COTTON
XICW YORK.—The extreme activity
and excitement of th# cotton mar-
J.(i earlier In the week w stw followed
Saturday by comparatively quiet trad
ing amd correspondingly narrow fluct
uation*. After aelllng off early to
24 97, March rallied to 25.10 and
cloved at 25.10. the general market
r.lotting vteady at net advance* of two
to 20 point*.
The market opened vteady at an
advance of Ane to nine point* on all
position* except October which wav
four point h lower. Home buying was
noted at the atari, but the Initial ad
vance met a good deal of realising
fdr over the wee!c-cnd and prices
Hfwn eased off After showing net
lo.‘Ne* *>f about vix to eight point* the
market steadied on trade buying and
covering. January, which had egged
off from 24.85 to 24.67, Juat about r« -
covered the lo«*. cloving at 24.60.
other month* showed fluctua
tion*.
The amount of cotton on shipboard
awaiting clearance at the end of the
Week wav estimated at 232.000 bale*
compared with 77,000 l«*t year. Pri
vate (aide* from Liverpool reported
a very quiet market with price* high
er on trade calling.
NEW YORK SPOTS.
NKW YORK.—Cotton vpot, *teady;
middling. 24 85.
NEW ORLEANS MARKET
NKW t UtLKANS - The cotton mor
k-1 developed a very vteady tone in
Saturday‘s abort acsalon, but trading
was m»t active and the range of fluct
uation* wav comparatively narrow.
Moat of the day’* buvlne** wga In the
t*hape of evening up for over the
w.ik-end except toward* the end
when a good trade demand developed
from dome tic a pin tier* which acu*ed
n final rally and cloved the market at
a moderate net gala for the day of
••even point* on the more nctlvo
month*.
At the vtart Liverpool cable* were
better than due and a* a result the
local market opened alightly higher
and January* voon traded at 24.71 and
March at 24.94. or eight to nine point*
above Friday’* clove Price* voon
caved off, January trading down to
24.66 nnd March to 24.97. All month*
firmed up and made new high* in the
To * t pat t of t tie vi. ond houi Decem
ber and .January going to 24 72 and
24.76 respectively. March made a fur
ther high near the end. trading at
24.98, or 21 point* up from the low
and the market cloved near the best
price of the day, showing net gain*
of seven point* on near-month nnd
i n to 15 on later poaltlona.
There waj a lack of new develop
ment* until nesr the end Whan it wa*
reported a prominent Memphl* au
thority estimated the crop nt 13.300.-
000 hale*. Any disposition to react
which mag hivi b#sn occasioned bj
this reported estimate, was voon
changed Into a fair rally on advice*
from tlie north that the New Kngland
mill* were bttvlng contract* freely.
NEW ORLEANS SPOTS.
NKW ORLEANS. La Spot cotton
Steady, five point* up: Sale* on the
apot. 6f»7: to Arrive, 1,214 Ixiw mid
dling. 22 70: middling. 24 70: good mid.
dllfiK 25.20. Receipt*, 10.055; stock,
I
AVERAGE AMERICAN MORE
THRIFTY, SAVINGS SHOW
By 8. W. STRAUS,
President American Society for
Thrift.
THE meet act of saving money
ran not he designated aa ihu
only etandard of thrift. Not evnry
one who saves
8. W. STRAUS
money la thrifty
tn the truest
sense. The prin
ciples of thrift
may manifest
themselves In
ways other than
the piling up of
funds In a sav
ings bank. For
example, there
are thousands
of Americans
srboss , stick, (o directly Into pay
menu on their own homes.
According to figures compiled by
(he Ssringi Banks Division of the
Amerlcsn Bankers Assoclstion, the
1924 savings bank deposit* are in
excess of $20,700,000,000, a gain
over 192$ of $2,300,000,000. Only
ss tar back a* 191$ our Savings
bank deposits wer* $5.425,000,000.
JThe per capita of savings was then
|B9. Today it la In excess of sl(6.
Wi cannot get away from tha
(set thst ths great mass of tha pe»
pis of this country |ire constantly
learning thetr lessons In thrift
Many forms of sxtravagancs are
fceing indulged tsx. There Is wssts
on svery band. Ons does not need
to look tar to find inefficiency. But,
besides the growth of savings bank
snd school bank deposits, wa havs
Increased Investment ln legitimate
securities, gsins ln building snd
loan assoclstion memberships, s
tremendous Increase In home own
ership, snd s host of squally fa
vorable Indices.
This la all ths result of direct
fend indirect educational work
which has Intensively bean in prog,
rasa ln ths last decade.
It la encouraging and significant
to note thsse developments. They
mean mors happiness for ths peo
ple; greater advancement tor the
feat ion.
gua*dYwiTh£altm
JJSSSHE^®
' -*?*-' k l MIOSNYt *CTIC frr *#•*
L,flllkV #♦»•**• Utweal r-.teei .»
Attar ißfealieae I spree.e
Lfcrg* Tub* im kit (t #) •
411 »»*#•»••• •*
catawmi m »«km« et.fS!Aw*
.at a LADDER Writ, tor clrtutor
=Financial and Commercial News=
Cotton Probably Oversold
For the Immediate Present
Cy W. A LUFBURROW,
Market Editor.
Although the bun* continued
to tinvc as hard a* Mtgg eovld
throughout the past week, it l*
not altogether impossible that
the cotton market ha* reached
high-water mark, or is about over-
Hold. Hlnce the national election them
ha* been a wild scramble to see how
much ifioncy could be Invested, in
other words, the dam smashed and
the whole country—the markets—have
been flooded with money. It !* time
for the tide to begin to ebb Spot cot
ton at Auguvta Iv quoted at 24.56, an
advance of vix point* over previous
cloning quotation*.
With some reaction in the face of
the recent advance of the market con
ditions will become such that prices
will harden around a fair level and
the arKance that Iv Justified will
doubtless begin with order and con
tinue until the top has been reached,
or some where In that neighborhood.
Thastaw of supply and demand should
control the market now. and if prev
ent Indication* mean anything, cot
ton will go at a good price.
Saturday the trade wa* reported a*
• good buyers. Twelve Southern spot
market* reported total vale* of 6H.00U
bab*a of cotton on Friday. The dry
gooda centers are bullish and frankly
say «o in the meantime, there 1*
dome realizing. It seems to bo the
unanimous opinion of New York and
New Orleans that the market I* a
good buy on recession*.
"The Passing Show in the Cotton
Market,” a* seen by Theo H. Price,
in Commerce and Finance, l»:
“The election 1* history and the rot
ton trade i* again studying the com
mercial rather than the political pos
sibilities of the future.
“From Wednesday afternoon until
the end of the week It wa* waiting for
the government reports Issued at 11
o'clock on Saturday. In so far as the
ror»illtlon figure* of 55.9 per cent and
the crop estimate of 12,616,000 bale*
are concerned it can not be said that
cither were much of a surprise.
“It Is, however, somewhat difficult
to reconcile the estimate of the yield
with the < Yunus figure*, which *h©w
that 9.694,920 bales had been ginned
up to the close of business on Octo
ber 21. To my mind these ginning
i. tut ns imli< ;• t < Ihi t thf (Sop M
larger than generally expected. If In
tl;t* I am wrong then It must be true
that this crop ha* been picked and
ginned with exceptional rapidity.
“Rut the fact that thl* ban been
said of nearly every crop marketed
nine© the government commenced to
make these ginning reports doe* not
HM'tti to diminish confidence In thn
claim tbut'thl* season Is really an
exception and that about 76 per cent
of the total production wa* In balsa
on October 31.
“Should thi* be the fact the gin
ning hereafter will have to be so
small that It* effect can hardly fall
to be hulllnh and It is Vlaln that we
are about at*the crossing of the way*
In so far ns the reason * supply li
concerned.
“Rut It 1* also plain that as a mar
i ket influence the prospective demand
is rapidly becoming more Important
than the supply. Exports up to th«
end the week were about 324,b00
bale* tn excess of last year. The in
dications are Ihnt they will continue
to run ahead of 1923.
“Meantime a foreign demand for
shipment* out of the crop of 1925-26
I* and a < onslderabl* tiade
tn contracts for delivery In October,
1926. wa* reported ln*t week. The
price paid average* about 100 point*
under July, Which mean* that some
one 1* willing to pay around 22 cent*
for cotton that ha* not yet been
planted nnd cannot be planted before
February at the earliest.
“Thus we have a demand which
span* two crops and seems to Indicate
that the world baa come to the con
clusion that taking one consideration
with another cotton 1* likely to be
worth at least 20 rente a pound up to
11).' . Ad of B 4 X' ftII
“Inasmuch ns the value of cotton i*
at all time* largely a matter of sen
timent thl* buying of now crops I*
*uch an Impressive demonstration of
confidence in the future that irrefut
able evidence of a burdensome supply
will be required to depress prices
further. §
“On the other hand It must be ad
mit led thst it I* no longer possible
tn figure out any scarcity for tin*
Heaton and the fact that New York
i•• gradually attracting a certificated
stock that may reach 200,000 bale* t*
proof that the day of premiums on
the near pnsith u* has passed, at least,
for the present.
“Taking It altogether the position
is more satisfactory than it ha* been
for year* and with the improvement
in the American textile industry that
is expected aa a result of the elec
tion stability at fair price* seem* to
be Indicated as soon ms the govern
ment quits Issuing Its entirely unnec
* eswary bi-monthly crop reports and
* leave* the trade free to draw its own
j conclusions in it* own w»y. M
aw.
“The ruling of the appellate divis
ion of the supreme court branch In
Hio Scott-Norrla Company case, that
the Martin Act doe* not apply to com
modity market* but 1* confined by tn#
preamide of the law to stock* and
other securities. Is expected to be the
subject of appeal to the court of ap
peal*,” say* Commerce and Finance.
“A member of the law firm of Oo
hen, Rosenthal A Altman,” continue*
the Journal, ' counsel » sub
poeued in the inquiry, states that
w hile the Southern Cotton Exchange
haa In every way facllited the pend
ing inquiry, Its counsel has always felt
that the Martin Act did not apply to
*uch a corporate body, and that the
I Ming the law did not cover
commodities would serin to leave no
alternative hut to bring the lnqulr>
'against the exchange to an end.
“Commenting upon the foregoing,
Louis Brooks, chairman of the llusl
ness Conduct Committee of the New
York Cotton Exchange, said that the
committee would teem to have the
Martin Act amended so a* to pro
tect the public from commodity
swindles In Southern states, he said,
there ha* bllß mu. h n- ilvitv by com
modify nucketshops and many appeals
havs beep made for protection.
• “Mr Brooks pointed out that cotton
irketf bops nr* now ft *4 to * w raft
i without impunity, nnd 1 look for a
| fresh crop of them to begin business
j Entrenched by recent court decisions,
unscrupulous broker* who have been
S flooding the South with literature tell
j ing of the “enormous profits” to be
I made In cotton trading will now feel
I that they can safely extend their ope
ration* and reap a harvest while the
law it powerless to Interfere
“The Buslr.es* Conduct Committee
I ha* been receiving complaints ever>
day from persona of small mean* In
the South who have lo*t thetr savings
through dealing with cotton bucket
shop* In New York Newspaper* in
the South have written, asking If the
exchange here esnnot do something
to cheek burketshop operations In
New York.
“The Business Conduct Committee
I Intends to ask the attorney-general*
I elect to use every means In his power
| to have the Martin Art amended so
f that the operations of cotton bucket*
• shops can be checked before- not
after—the police I* robbed.”
Using for one purpose or another
about twice a* much an the next near
est country, the United State* i* the
world's largest, consumer of raw cot
ton, despite the fact that Great Bri
tain. for example, which consumes
only half a* much cotton a* we do.
possesses about 56 million spindles
against 37 million .spindle* In place in
this country, according to IC. T. Pick
ard. chief, Textile Division of the De
partment of Co* mere* , in an article
appearing In the current issue 6t
Commerce Reports.
“The per capita consumption of
raw cotton In the United States is
about 30 pound* yearly,” Mr. Pickard
state*, “a figure f;ir outdistancing
the country of next Importance. This
per capita i* by no means wholly at
tributable to the demand tor clothing
or goods for personal and household
uhc. Cotton Itself or by-products
thereof are used for many purposes
apart from those of a more intimate
character. For example, the arti
ficial silk, nrtlflcjii leather, photo
graphic film, celluloid, electrical, and
automobile trade* with many other*
have been contributory factors in
bringing the per capita cotton con
wumptlon up to this figure.
“Being the world's largest producer
and consumer of raw cotton , the
United Htates today in in the Incon
gruous position of being an important
import market for foreign cotton
cloth* When one realize* that in
the calendar year 1923 we imported
close to 225 million square yards of
cotton cloth*, a .figure which 1* ap
proximately half the quantity of our
total export* of cotton cloths, the
significance of the statement 1* em
phasized.
“Though the total Imports of cotton
elotha Into the United State* for the
first nine months of 1924 declined
somewhat, that class of good* with
which wo are mostly competitively
concerned, namely unbleached goods,
i t being Imported in increasing quan
tities monthly.
“For the first nine month* of 1924
our exports of cotton cloth* amounted
to 335 million square yards, some 12
million fewer square yard* than we
exported In the same period of 1923.
Notwithstanding this the present
movement dev mo to be on the Incmane
mill cnimiilerliig Informal report* on
prospective luminous and orders in
hand, It In reanonsble to conclude
Ihnt the enil of the year 1924 will
show some advance over the exports
of 1923.
"When we think of export! of cot
ton good! our minds naturally turn
toward! those conventional ami time
honored markets of l.utln American
nml the Near Maat, for example Is
It realized by very many Ihnt in one
month we shipped unbleached cotton
cloth In aunt! of 183 thousand siiuare
yniilfi to Oreee. .34 thousand yards to
Kngland, HO thousand yards to some
of the llnlkans, 1,154 thousand ynrda
to Canada, 731 thousand ynrda to Hnu
vador. 330 thousand yurila to Jamaica,
437 thouaand yards* to Haiti. 1,231
thoiWTinil yards tn Chile, 390 thousand
yards to India. 94 thousand yards to
itrltlsh East Africa, or 80 thousand
yard! to the Canary Islands? Is It
realized that our exports of cloth to
Kgvpt. the Netherlands heist Indies,
nnd Singapore, tn mention but a few.
lire practically nil. whereas the Im
porls of cotton cloths Into those coun
tries represent their chief Item of
business?
"Even In bleached goods w,» have
Shipped In certain months 08 thousand
Miuare yards to New Found land and
lailuailor, 42 thousand yards to China
thousand yards to Japan, 13 thousand
yards to Palestine. 9> thousand cards
to Australis, 36 thousand yards to
French Oceania, 187 thousand yards
to Itrltlsh Kitst Africa, etc.
"Ih printed gooda In one month we
exported 33 thousand square yards to
England. 734 thousand yards to Mexi
co. 2.333 thousand yards to Cuba, 215
thousand yards to Venezuela, 40 thou
sand yards to Diltlsh India, 33 thou
sand yards to China. 2.93 lthnuaand
yards to the Philippines, 38 thousand
yards to Frvnch Oceania, while small
er quantities, which might he In-
Making Self-Reliant Women
- . WlfeaKpafr'--
II T llt'.llT IIA LI.
(National Crop lmprov.m.nt (i.rvlcr.l
,T FFF.I. sure that If ft girl who. upon entering her teens, belong* to
X something and becomes imbued with the club spiriL and .under the
r!«ht kind of leadership, we need tot fear that ehe will ever dis
grace her womanhood." says Mr, Dennis A. Merrimsn of the American
Ntecl and Wire Company.
"Several generations ago mothers snd grandmothers taught thetr
daughters all the homely arts, hut ln modern life a girt la seldom railed
upon to exercise her ingenuity or Inventive spirit or to arrive at any
definite victory through her own effort. The girls In the Illustration be
long to a millinery club nnd they are taught how cleverly they can copy
the elaborate models with a few cents Invested In material. They learn
to know and apply the style, which la the greatest espense ln millinery."
One Good Cow Better Than Three Poor Ones
Tbc Money Waster The Money Maker
, 1 1— 111, ?900afeJM>fl ISpOOflsfttiX ■■■■. ij,
fas cAch 100 lb* d Milk Ptrxlucni (or e*cfe KX)lba oT Milk.R«kxced
■■ tucSam aa t —tmkemmi
/a
jrgj^nia
mu.
By SKRT BALI.
tNaltonal Crop Improvement Service.)
\ 1 f K HAVE borrowed three illustration* from Oswego County (New
VV York i h arm and Home Bureau New *, say* Mr Penni* A. Merrl
man of the American Sleet and Wire Company "These picture*
ace worth more than a parsing glance. Study them for a few minutes
You will resolve that by th* time your herd goes Into the barn thl* fall
that you will join with other Farm Bureau dairymen and dl»po*e of threi
of your poor--et row* and buy on# good ona Kvery farmer needs fewet
bu* better cowa*
THE AUGUSTA HERALD, AUGUSTA, GA.
creased with some little effort, have
gone to Korea, Japan, Egypt, Liberia,
lirltish Guiana, (Jrece, Bulgaria, Nor
way, etc.
"Are you getting any of this busi
ness? When you conjure up a plctuie
of export trade, is It In terms of com
paratively «a!y markets, like Canada,
Mexico, Cuba and Latin America, con
firmed letter* of credit and arm chair
practices? Or are you willing to go
to a little trouble In finding out what
countries do tine goods that we could
supply, how they buy them, how they
pay for them, and what extraordinary
efforts you would have to make to
share In the trade?
"This country under present condi
tions and those likely to prevail in
the Immediate future" concludes Pick
ard. "has a capacity to produce at
least 20 per cent in excess of domestic
requirements. There Is no magic In
the proecs; on the other hand deter
mined efort consistently applied
should yield the same results In this
country as have been experienced In
Italy'where last year they consumed
more cotton than ever before In their
history, for more than two years have
been free from strikes and lockouts,
ur.d by the application of will and in
dustry have been able to Increase
their exports from approximately 20
prr cent of their total production two
years ago to approximately 50 per cent
of their production this year.’
The following quotations from New
York and New Orleans were posted
on the Augusta Cotton Exchange
Saturday:
NEW YORK.
Prev
Open High T.ow Close close
Jan... 24 83 24.85 24.37 24 80 24 95
Mar. .. 25.10 25.13 T 4.97 25.10 25 04
May... 25 37 25.47 25.29 25.40 25.35
July 25.10 23.22 25.01 25.20 25.08
Dec... 24.65 24.85 24.17 24.58 24.50
NEW ORLEANS.
Prev.
Open High T.ow Close close
Jan.... 24.70 24.75 24.55 24.69 24 62
Mar... 24 90 24.98 24.77 24.96 24.8 G
May.... 25 25 25.05 25.25 25.10
Julv 23.05 24.8* 25.05 24 93
Dec... 24.68 24.72 24.55 24.39 24.62
LIVERPOOL MARKET
TJVERPOOL.—Cotton spot, dull;
price* steady.
Strictly good middling 14 68
Good middling 14.33
Strictly middling 14 13
Middling 13 93
Strictly low middling ....... 13.68
Low middling 13.18
.Strictly good ordinary 12.78
Good ordinary ...y 12.18
Sales 2.000 bales, 1,600 Ameri
can. Receipts 22,000 bales, 8,900
American,
November 13.60
December 13.58
January 13.62
March 13.68
Mav 13.72
July 1359
September «... 13.28
October ~ 13.04
COTTON OPINION
By BROOKS, HYMAN A CO.
NEW YORK.—The vast amount*
of money which have been lying
idle in bank* because investor*
were dubious as to the future of
hufliness, have since the election
been employed in buying every
thing in which speculation is pos
sible. As a result, sensational ad
vance* have been registered in
stocks, bond* and all commodities
with cotton showing a rise of
more than two and a half cents
Mince the election.
Sentiment is very optimistic as
to the future of business In gen
eral and mills and cloth mer
chants anticipate a rapid emerg
ency from the stagnation into
which they have been plunged for
nearly a year, but a rise of more
than two cent* in a week nnd a
change in the technical position of
the market from a heavily over
sold to an almost equally over
bought speculative position would
seem temporarily nt least to dis
count an advance which hinges
purely OH progpactlva business im
provement ns far as cotton goods
is concerned nt least. While we.
therefore, agree that a business
revival Is In prospect and will
eventually mean higher prices for
cotton, nvc do no t advise pur
chase* until a good reaction has
allowed the technical position to
return to its former healthy
statu*.
By BERT RAI.I.
IN Nfartv .11 „, tf j£ ,lon Ji.H. rop Improvement Service.)
arawer.Jhuh 2L' h 6 no * thcr '? "BD"* there is an association of seed
i> bre%Tnß- W o h f * 1 " m d , " how ln order to encourage the
, r . seeds to a biKher efficiency. There should be a branch
a rr^t P ’mprovement association in every farm bureau. It will mean
thousands of dollars profit to all concerned.
SOUTHERN COTTON MILL
STOCKS
Boii hwi rotten mill ftccXt bj quoted by R B
Dlclctn* and Company, of Gastonia, N, (J.. and
O'wnville, 8. C. Hid A*k
Af'mo HplniUng Co On 99
Arcadia Mill* 280 295
American Spinning Company 258
Am. Ya n and Proosulflf Co 91 98
Arn Yarn and Proc. Co., 87# pfd..102 105
Anderson Cotton Mill* 102 105
Arlington Cotton Mills 100 DU
Aragon Cotton MIIU 135 151
Arrade Cotton Milis 80 85
Arrow Mill* 95
Art Cloth Mills 91 07
Helton Colton MtlD, 65 7o
Helton Cotton Mills, 7ft iff d 92 95
Hraumont Manufacturing C 0....... 410 ——
Hlbb Manufacturing Co 190
Hrogon Mills 113 \
Clara Manufacturing Co 87 91
Clifton Manufacturing Company.... 140 I*2
( abarrus Cotton Mir# 133 15j
Cabarrus Cotton Mills 7% pfd lUG
( hadwlik-llodilna Co. (Par. $25) . 17 20
Chadwlck-ltnakiris Co, Bft pfd.... lot ——
Cheunce Mills 13* 140
china (Iroro Cotton Mills 103 108
Chlquola Manufacturing Co 255 263
(hiquoia Mfg. Co., 67# P<d 9* ——
Calhoun Mills MS
Cannon Mfg. Co. (par $10) 1* !»’*
C’otct Mills 9)
Climax Spinning Co HO Ml
crescent Spinning Co 92 100
Columbus Mfg Co, (Ga ) 125 135
Converse, D E. Co 118 128
Cowpens Mills ——
Darlington Manufacturing Co 87 91
Dixon Mills 95 10l
Drayton Mills 102
Duncan Mill* 103
Due an Mills, 77# Jfd 98 99
Durham Do lery 7'i pfd 3ft
Durham lloalcr y'T*“ 5
Eastern Manufacturing Co 82
Cagle Yarn Mills 82 ■ _r
Eagle and Phoenix Mia.) 165 170
Kfird Manufacturing Co. 1"9 *
Erwin Cotton Mills Co 135
Erwin Cotton Mills Co. 6% pfd... 102 •
Flint Manufacturing Co l# l
Caffney Manufacturing Co 91 03
CJlhson Manufacturing Co 123 —-
Mlobe Yarn Mills (N. C.) 49 58
Cray Manufacturing Co
Mlenwond Cotton Mills 123 13 »
CStuck Mills 123 127
Crendrl Mills
Crendel Mills. pTd 7?# (par sao) .. 47 50
Hamrick Mills 145 150
Hants. P. 11. Knitting Co 7 1 * B’t
llane*. P FI Knitting Co. 7ft pfd. 101 102%
Henrietta. 7ft pfd 99
Hunter Mfg. and Com Co. 7ft pfd. 98 *
Imperial Yarn Mills U* 121
Inman Mills I>so r
Inman MUD. fee pfd l nl
Jennings CoC.orß Mill -30 -6j
JuiDnn Mills 161
.luds< n Mills 7ft pfd 192 10*
Limestone Mills **s . 130
Linford Mills 90
Lola Manufacturing Co
Lncke Cotton Mills Co * ,fili
Laurens Cotton Mills I*s 130
Majestic Mfg. Co 15*
Manafte'd Mills I™
Marlboro Cotton Mills .......... 6'
Mills Mill
Mills Mill. 7ft I*Td 98 10
Mollohon Manufacturing Co 116 1-t
Mooresvlilt Cotton MiHi 9.« 100
Muagrove Cotton Mills B fl “*
Myrrs Mills «2 J?
Myftl. Mill. *'
Nation.l Yarn Mill 'P" BJ
Xewhfrry Cotton Mills 128 131
Nortl# Cult<>n .Mills Co. 9l
Orr Cdffcn Mills HI Rj
OrrlCotton Mills. 7ft pfd ...■' 97 99
Par*l ale Mills ••
Paeolet Manufacturing Co 20 ; » 208
Paco'et Manufacturing Co. 7ft pfd. 103
Piedmont Mfg Co., (H. C.) 132 156
Perfection Spinning Co *9 92
Poo. ¥ W. Mfg Co. 120 126
Poinsett Mills 98 101
Hanlo Manufacturing Co 115 —-
Priscilla Spinning Co 40
Riverside and Dan River ‘ill 221
Riverside amt Dan .River 6ft pfd.. 100 103
Rowan Cotton MtfU Co 93 100
Roanoke Mills. Ist pfd. 7Hft.... 102*4
Rranuke Mills, 2nd pfd. 8ft.... 97 100
Roanoke Ml’ls. 2nd pfd. Bft 97 1"0
Rosemary Mills, pfd, 7tyft........ 96
Rhyne-Houser Mfg. Co 80 90
Saxon Mills 100 1"’
Seminole Cotton Mills C 0......... 83 *>.)
Spartan Mills *3O 135
Stirling Spinning C 0.... m ........ 100 107
Stowe Spinning Co 90
Toataway Mills (par $23) 3 2 35
1 nlon Buffalo Mill , Ist pfd. 7ft.. 91 92
Union-Buffalo Mills ,2nd pfd. sft.. s**4 56
Victor Monaghan Co 110 113
Victory Tarts Mills Co —— 6'*
Victory, Bft pfd 98 »*»
Ware Shoals Mfg. Co 175
Wattl Mills. Ist Pfd . 7ft 101 104
Watts Mills. 2nd pfd. 7ft 13n 142
Wlnget Yarn Mills Co 64 75
Wtscassett Mills Co 19» 203
WtllUmston Mills .
Woodstde Cotton Mills 114 118
Woodaide Cotton Mills, 7ft 924 9*
Woodruff Cotton Mills 150 175
Accrued tuteest to be added to preferred
• '
The stocks quotetj abore represent prices at
which we hare buyers, and p ices at which w#
can aril. All quotations subject to chxnge with
out notice.
Before You Invest,
INVESTIGATE
Numerous inquiries and complaints have reached
the Georgia Securities Commission relative ’to the
Burnham Chemical Company, of Reno, Nevada,
which for three years past has been flooding the
mails with literature offering its stock at fifty cents
per share. Repeatedly, we have called this com
pany’s attention to these complaints and urged them
not to send this literature, which bears all the ear
marks of a fraudulent promotion, into Georgia.
BURNHAM ONLY ONE OF MANY
If the representations made by this company were
even approximately trustworthy, there would be no
necessity of its continuing to offer fifty cent shares
for so long a period. Complaints have been filed
with the Post Office Department by the Georgia Se
curities Commission and nearly all the other secur
ities departments. This company is only one of a
great many using the mails to dispose of their stock
when they know they could not pass the securities
departments.
Do not buy paper of any kind from mail order
houses until you ascertain their standing with us. All
dealers in stocks and bonds having authority to sell
securities in Georgia are licensed. The others have
no license because they dare not apply.
By. order of the
GEORGIA SECURITIES COMMISSION
8. a McLENDON. Chairman. T. B. CONNER. Chisf Examinsr.
DRY GOODS
NEW YORK.—Business in the gray
cloth market was restricted Saturday
but prices were firm and several mill*
took tnuiller order*. Silk and cotton
mixtures Improved, higher prices be
ing quoted for January and February
delivery. Raw silk was firmer. Wool
en good* were more active due to
colder weather. Broad silks also were
more active with a better disposition
to order ahead. Burlaps declined
slightly ln the primary markets but
were unchanged for spots.
NEW YORK.—Satisfa-ction with the
results of the national election and
a gratifying government cotton re
port on ginning and probable yield
combined to greatly increase the con
fidence of cotton goods merchants
and manufacturers during the past
week. Buying has been of a strong
and broad character and many con
tracts have been entered into calling
for deliveries into next year.
Print cloths, sheetings and conver
tibles were active and prices advanced
from 14c to J /4c a yard on many con
structions Bleached cottons advanced
*/<c a yard. Ginghams are selling at
the low prices recently named. Per
cales are moving better and there is
a steady .advanced business develop
ing on wash fabrics. Production Is
being increased. In some New Eng
land mills wage revisions have taken
place varying from 10 to 12Vs Per cent
without friction with the workers.
Heavy goods are less active but some
of the manufacturing trade using
medium weight special fabrics have
been contracting ahead and there is
more buying by the big manufactur
ers.
Yarns are from one cent to two
cents pound higher, with a broaden
ing demand reported.
Trices current in primary markets
arc as follows:
Print cloths 28-inch, 64x64's 7V.c;
3844-inch, 64x64’s 9Y t c; 28-inch. 64x
-60's, 7c: brown sheetings southern
standards. 15%c; staple ginghams,
10%c; dress ginghams, 17*4<520c.
PRODUCE MARKET
Flour—Hard wheat. 98-lb. cot
ton sacks, bbi $7.75
Flour—Plain, 98-lb. sks., bbl.. 7.70
Flour—S.-K , sks., bbl 7.80
Flour—S.-R., 48-lb. sks.. bbls... 7.15
Flour—Best plain, 98-lb. sks.,
barrel 6.75
Flour—S.-R., 24-lb. sks., bbl... 7.10
Flour—S.-R.. 24-lb. sks., bbls.. 6.55
Buc 1 heat. 24-pkg. case 355
Grits, 24 2s. per case 1.90
Grits, 12 3s, per case / 1.90
Grits, fine and medium, 96s
per sack 2.10
Meal, 965, per sack /i 2.50
Meal, 48s, per sack 1.22 Va
Meal, 245. per sack 65
Rice—Fancy, No. 864 or Nd. 113,
100-lb. sks.. lb 06-%
Rice, fancy. No. 68. lb .07^4
Wesson Cooking Oil, 24 pints.. 5.75
Wesson Cooking Oil, 12-qt. case 3.40
Wesson Oil, 6 1-gal. cans. case. 9.80
Axle Grease, 10c size, 1-Ib., i
dozen 1 3.75
SEEDS.
Amber Cane, 150-lb. sks 50
STOCK MARKET
(Corrected by Augusta Stock Yards.)
CATTLE.
Common 2 @2 1 ,4 c
Ordinary 3 ®3U»c
Good r. l - Nc
Fancy 4^(^sc
CALVES.
Common 4 (ffsc
Ordinary 6 ®7c
Good 7 (3) 7He
Fancy 8 @B%c
HOGS.
75 to 100 pounds 9*4c
100 to 125 pounds 10c
125 pounds and up 10c
Brooks, Hyman & Co.
62 BEAVER ST. NEW YORK.
—Members—
' Now York Cotton Exchange.
Represented hy
R. E. ALLEN, Jr., Augusta, Ga.
Orders solicited for the purchase
nnd sale of Cotton for future de
livery.
LIVESTOCK JUDGING
CLEMSOX COLLEGE, S.C.—“Stand
’em on their heads, stand 'em on their
feet, Carolina Club boys can t be
beat.” But when It comes to judging
livestock. Brown Stevenson, of Ma
rion county, beat them all. And In
doing this he won the trip to Wash
ington for himself and his county
agent, Earle Baker. Brown is nat
urally a winner. lie won in his dis
trict, and then c*ne to Columbia
and won in the state at large. But it
should be understood that he had to
go the limit because there were eight
other club members close on his trail.
Only a few points stood between the
winner and his next closet competi
tor.
The Piedmont district won first
place in the state judging contest
he Pee Dee district team was close
on the heels of the winning team,
with the Savannah river district in
third place.
CAMPBELL ANO FARR WINNERS.
William Campbell, of York county,
made the highest score In judging
swine, and Gist Farr, of Spartanburg
county, the highest score in judging
dairy cattle. These boys will each
receive a gold medal, one from the
Dairy Division of Clemxon Colege and
the other from the Animal Husbandry
Division of Cletnson College.
The following club members com
posed the three teams in the state
judging contest: Piedmont District;
Testing Seed Oats
By BERT BALI.
T tt _ ai ; rVational Crop Improvement Service.!
Almighty gets many an undeserved slam. There Is probably no!
more than one farmer in a hundred that linotvs how wen his seed
oats will grow before he puts them into the ground. He tests them
usually by planting them and if they come up, they are good, 1 ' says Mr.
Dennis A. Merriman of the American Steel and Wire Company. "Some
times an intelligent farmer will sprout a handful of oats between two
plates, which Is clumsy and unsatisfactory.
"The children of the country schools from eight to fourteen years old
can earn enough to pay for their school year by merely testing 100 seeds
In a piece of wet blotting paper. The Wick System is the easiest wav.
Anyone can start this Idea going and the children will enthusiastically
carry It to every village and farm." [Editor s Note: Will be glad to sand
-UH directions if you address me at Chicago.—Bert Ball.!
State Bureau of Markets
* Prices below are those which wholesalers are paying F. O. B. these
consuming centers. To arrive at prices net shippers, deduct freight to
most favorable point.
Atl’ta Aug’ta Macon Sav’nah Col’bui
Sweet potatoes, Yel. bulk load
ing, 100 pounds $ 1.75 $ 1.80 $ 1.65 61.60 $ 1.25
Irish Potatoes, No. 1 new, per
150-lb. sack 2.10 2.15 2.15 2.20 2.35
Cabbage (green crated) 100 lbs... 1.75 1.75 1.75 2.00 2.00
Blacky ey~ peas,‘pound .06% .06% .06 .06% .05%.
Brown eye peas, pound .04% * 04 .04%
Eggs, fresh car.dled, dozen .40 .41 30 .45 .46
Stags, pound /».22 .22 .22 .22 .21
Hens, pound - 23 .2:1 •-*
Roosters, pound .12 .11% *ll *ll
Friers and broilers, 1 to 2 lbs.
pound 28 .30 .27 .20 .33
Ducks, pound 2<> .15 A* .-J
xOeese, pound 12 ! 2 - 1? * ■]- - 1 - 2 1*
Turkeys (hens), pound 30 .30 . .3.)
Turkey (toms?, pound .30 .30 .28 .30
Country butter (best table), IH.. .35 .55 • .oO .-JR
Country butter (cooking), pound. .20 .21 / * y
Ca. cane syrup (Bbl.), gal 75 .75 <0 •j y
Corn meal, per 60-lb. sack .... 2.60 2 -60 -.60 -
Corn, No. 2, (white) sacked, bu... 1.28% 1.30 1.23% 1.31 1.30
Oats No. 2 (white) sacked, bu 63 .65 .63 .66 -J*
Peavine hay. ton : $22.00 22.00 21.50 22 oO 22 00
Announcing
“Men ami Markets”
A NEW TYPE OF SERVICE
FOR OUR READERS.
/
Every day this personable colorful
column will give you an interesting pic
ture of the business weather —that you
may see just what’s going on and may
make your plans accordingly.
Direct from Babson Park, Massa
chusetts, —the largest Statistical Com
munity In America. “Men and mark
ets” carries the hall mark of authority
both in the collection of data and in the
interpretation of news.
YOU’LL FIND IT INTERESTING
AND PROFITABLE READING.
Watch for “Men and Markets”
exclusively in The
Augusta Herald
SUNDAY, NOVEMBER 16
STOCKS AND
BONDS.
William Campbell, York Coun tsJ, ChsT
Farr, Spartanburg County, and Tea
gue Heliams, Laurens County, lee
District; Brown Stevenson, Marion
County; Ha! Kizer, Dorchester Coun
ty; and John I. Rogers, Marlborb
County. Savannah P.iver Distric’
James' Lake and Ruby Jones, Aiken
County; and J. M. Hamilton. Green-
WYod County. . . f .
The members of the Judging teams
had a good time in the capital city
during the week. Their expenses
were defrayed by the State Fair As
sociation. The team winning first
place was given a silver loving
offered by business men of the state,
which is to be kept in the omc®JL'
the district headquarters. Dr. W. w.
Long, director of extension, presented
the cup to A. A. McKeown, Piedmont
district agent, on the flay after the
contest w'as held and paid high tribut#
to the fine work that was done in th#
judging contest.
SUGAR MARKET
NEW YORK.—Raw sugar, 6.7 S duty
paid; refined 7.15@7.25; fine granu
latted.
PEANUT QUOTATIONS
(By THE GA. COTTON OIL CO.)
Carload lots f. o. b. shipping point.
SSS. Wagon load lots. SB2 per ton.
(These quotations are subject to
change without notice.)