The Augusta herald. (Augusta, Ga.) 1914-current, November 23, 1924, Page SIX, Image 6

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SIX COTTON AND GRAIN. AUGUSTA COTTON Spots 23.63 Friday .... 23.69 Last Year. . 34.25 PRICES BY GRADE Clou* Middling fair J* *3 Strict good middling 38 Good middling 24.18 Strict middling « 24.00 Middling 23.63 Strict low middling 2*.63 I/»w middling Strict good middling -Jjj 3 Good ordinary I**- 63 RECEIPTS AND SALES nr- Spill- Ship- yr*» celpt* Salra tier* ments r’pt* Saturday 191* 212 216 1122 *O2 Receipt* from August lit, 1924 to November 22nd. 1924 136,329 Receipt* front August lat. 1923 to November 24th, 1923 129,647 Slock In Augusta November 22nd, 1924 C 2.-96 St'ek in Auguala November 24th, 1923 E6,j18 NEW ORLEANS MARKET NEW ORLEANS. La -The market Saturday uai faiily active and lifter earing off during tho flrat hour owing to lower rablea than due and to ln creased crop opinion*, rallied In the aecond hour, recovering all the early loss and establishing net ft«ln« over Friday's rloae of nine to 13 points, moat of which waa retained to tha rloae, which allowed a small net gain tor the day. At the start the market eared off eleven points on all active months on the disappointing cables and continued to decline to 13 points down compared with Friday's close While prices reacted slightly near the end on real ising the close waa steady, showing net gains for the day of five to eight points. The early recession was due In large part to Increasing crop Ideas due to the government crop estimate and ginning* report Issued Friday and was also helped hy fears that a largo volume of notices for Deccniltcr de livery may he Issued. The advance attracted more or less trade buying and the firmer tone wns also helped by reports of a more urgent demand for spots In the In terior and limited spot offerings Exports for the day totalled 23,310 of which New Orleans cleared 20,- 611 bales. NEW ORLEANS bPOTS. NEW ORLEANS. I-a.-Spot cotton, quiet; five point* up: Sale* on the spot. none; to arrive, ion. Low mid dling. 2> 45: middling. *3 90; Rood mid dling 24.40. Receipt* 11.007; atock, 340,027. NEW YORK COTTON NEW YORK.—A further decline nf 15 to lit point* In the cotton market early Saturday wm followed by rallle* on trade buying and covering. Jan uary contract* aold up from 23.72 to 23 98 sty! closed at 23.88. The. gefl eral market elo»ed steady, net five (mint* lower to 18 point* higher. J>e oember wa» relatively eaey the en tire day a* a result of liquidation In advance of possible notice* on Mon day and eloaed 09 point* under March, compared with a difference of 84 points at the clo*o of the previous dsv. The market nprqcd steady at a de cline of five to 18 point* under con tinued selling which devednpod after publication of the government erop report and ginning figure* Friday December meed off to 23 29 and Jlarch to 24,05 In the flr»t few min utes There wa* conatderabl# trade Ijuvlng at the decline and ttie mar iet firmed up during the forenoon on gv-rlng Offering* of Decemher were absorb ed by trade buying against a*!** of Intrr deliver!** at the wider dlffer . noer, but the near-month llqtilda- U..;i continued After Belling up to *3 '2. December e*aed off again, cloa l»ig at 23.411 Thla had rather an un eettllpg effect on tne general tone of the market. Liverpool eloaed a very quiet mar ket with price* lower under conti nental and London selling, but with trade calling In eufflclent volume to give the market ft atradv undertone. The amount of eotton on ship board awaiting clearance at the end of the week wa* estimated at 178.483 bales, against 117,77 S last J ear. NEW YORK SPOTS. NEW YORK —Spot cotton, quiet; middling, 24 10. LIVERPOOL MARKET LIVERPOOL —Cotlog spot, qulat; pi u es steady. Strletly good middling 14 1* flood middling 13 81 Strictly middling 13*1 Middling 13 41 Strictly low middling 13 1* Low middling 12 *« Strictly good ordinary 122* ■ Good ordinary 11.4 M 1 Sales 2,000 bales. 900 American. Receipts 28.400. all American. Futures eloaed quiet; November 13 18 . March 13.23* May 13 38 i July 13 29 October 12 71 COTTON MOVEMENT Port Movement. New Orleans: Middling. >3.98; r»- Jetpta. 11.807; export*. *0.911: tales, 00; atock. 348.527 Galveston; Middling, >4 08; receipts, 1.278; sales, 700; stock. 815.113. Mobile: Middling. 23 83; receipts, 1,- |4B: sale*. 23: stork. 1* 077 Savannah; Mldßlng. >3 95; recatpt* *.141; atock, 90,107 Savannah: Middling. >3 98; receipts, S,>4l; stock. 90.107. Charlenon: Receipt*. >,028; stock. *0.978. Wilmington; Middling, fl T 9; re ceipt*. 1.141; stock. >0.3*8 e Norfolk; Middling. 23 88: receipts, 8,958; sale*. 39; stock, 77.819. Baltimore: Stock. 1.859. New York: Middling. 24.10; export*. 899; stock, 20*^01 Boston: Middling, 24 IS; stock 1.- •00 Houeton (portl: Receipt*. >900; ex port*, 2,900. Minor port*; Stork. 8,901 Total today: Receipt*. 4* 890; ex port*. 88.819; sale*, 877. stock. 1.428.- *44. Total for we*k: Receipts, 48.890; ex ports. >3 810. ■Tfwal for season • Receipts. 4.888 - 8419 export*, t. 778,881 Interior Movement, Memphis: Mlddllnr. 88 78: receipts. 8.508; shlnmsnt*. *.185; sale*. 2.000 atock. 147.284 Augusta: Mlddllnr 28*8: receipts I 818: »htnm*nt*. 1,839; sales, *l> atock, *2,79*. St Louts- Mlddllnr. 24 0* rerelot* 6.801; shipment*. 4,949: stock. 4.122. Houston: Middling. 28 90; receipt* 84.708;’ shipments. fl'«71; 'sales. 7.540, stock. 602.738 Little Rock: Middling *9*s: rs. celnta, 8.885; shipments, 1.828; sales, 2.778: stock. 4T.11T Atlanta- MTddllnr 28 80 alias: Middling. 23 85. sale* 8.044 Montgomery: Middling. *800; sales, twenty-one, Total todsr- Receipts, 80 >?0; ship ments. 85,642; sates, 20.592; stock, 664,03*. SUGAR MARKET NEW TORK.—Paw And r*flnrd f«- **r ru unchtnred. BAR SILVER. NEW TOKK. Bnr tWVBf, 99%t Mexican dollari, =Financial and Commercial News= Cotton Thought to Be a Good Buy on Reactions By W. A. LUFBURROW Market Editor, Liquidation and additional bearish sentiment brought about further re action in the cotton market .Saturday and on the clone !pot cotton at Au gii*ta waa quoted at 23.63. New York reported the South na u (teller in the market Saturday. Although the mar ket acta reactionary. buying on in advised. The underlying sentiment •eamt to be bullish. % —» ~ There will very probably be wit nessed in this country during the next three years great business strides. Uneasiness that has prevailed for more than a year in business has been banished and confidence has been restored With the corning of better business—a general revival— the cotton market will doubtless come In for its share of the good fortune, henco so much bullishness. Of course, t tils <l-,. s Rot I • no ;i ii * hat cotton will sell im high ns thirty cents or more, but It is some what of an assurance that prices will re main at a level where the economic farmer will be able to get a profit for his cotton. Giving their views on the cotton market, Ttrooks Hyman 6c Company, of New York, snys: Friday’s government report eon firmed the general # tMtlons of the trade hut the market was still speculatively long when the report was issued and further liquidation was encountered which caused a half-rent decline ••irlng th« trading. "After the report the sensational buying movement In stocks, bonds and nearly all commodities reflects the bouyant optimism In regard to the fu ture of business In general and In spirts of a thirteen-million-hale crop, which after all is not too big to he of immediate use considering the drastic curtailment of the pa*t year present cotton prices do not appear exces sive. “The liquidation of the ' past few days having given tho top-heavy technical position a chance, to recu perate the reports of good business in the cloth markets and the heavy ex porting movement of cotton can again exert, a bullish influence. We think cotton should he bought on any fur ther decline." Tha cotton market an nren by Spring* A Company, of New York, 1« an follow*: “Tho cotton market ha* furnished rather convincing evidence of the aoundnoo* r»f the position that for the time being 25 cent* wa* the rculttAlice line of cotton price* and that consum- M IN not to ill hurried into Uj ill ►T in euppliea for tentative consumer de mand. even though t)ie weight of marketing the crop ha* apparently panned. Told weather ha* about end ed the top crop and the final figure* on the outturn Mill not he much be low the 18.000,000-hale mark. “A, better Rcntynent prevail* to ward* the future elf cotton and domeg -11- (ouaumptlon, a!ietdy on I!><• In crease, give* promise of continued expansion a* the winter progresses. The mill situation In New England ha* turnsd the corner In the opinion of leader* of the Industry and while still operating At about 50 per cent of capacity, should respond sensitive ly to ti>< impi oi i msnt In dovnand 11 ported from rilxtrlhuttng centers, for the mlHa havi boon doing buslntsa on a hand-to-mouth basis nnd have no raservA either of goods or of raw cot ton. "The Census Bureau report cover ing the mouth of October revealed so Im-rense In mill consumption of 87.4.11 hale* over September, consumption during the month having reached 5.12,629 bales against 4.15,21 ft bale* In September. It. Is significant thAt the consuinntlon approxlinAted the Octo ber. 1828 consumption of 54!.825 bales, while the totAl for the three months of the cotton year beginning August 1 was hut 1.325.800 hales this year against 1.519,973 bales last year. “The decrease In domestic consump tion wa* offset by exports which to talled 1.982.207 bales for the three month* against 1.715.572 bales In the same quarterly period of 192". Stocks on hand In consuming establish ments October 31, reflected the increased confidence of manufacturers In the outlook, for they stood at*730.558 bales against 514.537 a month earlier; but they were still nearly 400.000 bales below the stocks held on October 31 last year. “The resistance encountered by the list around the basis «»f iff canta \ \ Pecember was surprising in vlsw »>f the buoyancy and enthusiasm In the security markets. Trading positions were liquidated and the South sold cotton frefly. while reports from the Southern *p<* markets Indicated sat isfaction on the part of the growers with the general average of about 15 cents for middling. , “The advance of $lO a bole last week nnd the ease with which prices receded ban with our sugges tion that cotton be bought on a scnle down and profits taken on bulges with a view to replacing the sold-out eon BT BKRT BALI, Dt.tlon.l Crop lnipmvvm.nl Senrlo.) A VISIT to »ny grain exchange will Impress upon you that the pries of grain depend* upon Its odor fully as much as upon Us appear* anc.v There Is a special grad, for smutted grain and the price 1* docked accordingly. 1L M. Italner, who Is tn charge cf wheat Improvement In the South west. states that there ts 12 per cent of smut tn the Kansas wheat this season, the field* running from 3 per cent to 75 or SO per cent. Smut Is worse In seasons such as this ha# been and a determined ef fort must be made to get rid of It Wither the Host and eklm method • sing formaldehyde or the copper carbonate dust treatment are effica cious, and cost but little. ' jy “ui iMMUA «T r JsaUkjm. .* . | | X—H -*»3 tracts. Hut for tho long pull we would Ignore the minor advances and accumulate the later winter and May contracts r»n tho recessions. Before the turn of the year we espedt to see cotton in a higher trading zone and believe substantial profits will accrue to those who tkke a long-pull position on the current easy spots. "Itetallers and Jobbers In cotton cloths are showing more confidence in the business prospect and the hand-to-mouth policy of buying is gradually being abandoned. But. It must eiot be expected that the dis tributing trade will lay in any great stocks against a possible sustained expansion In business, for with the development of motor truck deliveries and the extension of good roads the retailer is in close touch with his Jobbers and need not worry about re plenishing sold-out numbers. At most, the average retailer needs only 24 or 48 hours to replace goods and this not only enables him to keep his stock in up-to-<Jate condition, ahd.reduce the carrying of unprofitable or slow-mov ing lines, put it make# it possible to carry a wider variety with a smaller total inventory than In past years. "With domestic spinners' takings increasing, the export figures also are holding up, with the result that world spinners’ takings are currently run ning ahead of the corresponding weeks *>f last year and have now pass ed the 1923 figures for the rotton year to dote. “With the weight of tho crop pass ing and the uncertainty of Its size re moved, the statistical position is the important constructive factor at this time and this is showing such con sistent Improvement that stronger foundations are being built daily un der the market. The sluggishness with which this registers on the. price structure, however, due to the cau tlotis attitude of domestic consumers and the willingness of growers to con sider 25 cents for middling as suf ficiently attractive to dissipate plans for holding. With the fr»*? market ing 4.n the advances the balance is steadily being to the bull ■lde Of the market, and While con tinuing to nrcumtilntc rotton on re set lons, we would now he slow to take further profit! on advances unless they carried well above the basis of 25 cents for December." The following quotations from New \ York and New Orleans were posted on the Augusta Cotton Exchange Saturday: NEW YORK. Prev Open High Low Close clo*4 Jan... 23.75 23.9* 23.68 23.58 23 86 Mar... 24.10 24.35 24.03 24.30 24.20 May... 24.45 24.68 24.3 ft 24.60 24.50 July... 24.48 24.69 24.42 24 64 24.58 Dec... 23.55 23.73 23 4S 23.61 23.80 NEW ORLEANS. Prev. Open High Lo;v Close cJo»« Jnn .. 23.83 24.07 28.77 24.02 23 94 Mur... 24.0.1 24.26 23.95 24 20 24.14 May... 24.14 24 40 24.14 24 34 24.29 July.... 24.37 24 17 24 85 24 30 Dec... 23 80 24 00 23.74 23 96 23.91 ATLANTA FEDERAL BANK RBAOUUCSB. with r, r M«*nt........ 6112.601.«ia as tluld redemption fund with U. R j Treasury 8.286.006 60 | Gold held exclusively syaglgnoft I V It notes 6154.231.AA8 00 I Cold settlevnent fund with F. R. hoard 14.527.190 38 Cold and fold certificates held hr hank 7.614 862.86 Tot•! fold n+*r*m 1136.876.761 «A Reserves other then fold 8.123.208ft# Total reserve* $161.46ft.00© Aa N«"» rinervo i*ssh 3,A5M35-71 Rills dl'cmuucil: Arrurrd by 11. N (Jovernmerl ®bll is ions 1,180 621 ft# Other bills dl .counted 90.807.445 U Total hills discounted > 21.888 07© 07 Illlls lioufht In open market ... 8,683,303.33 V R fomnnstt aecurtUrs: Ronds ... 1 6A1.000 o« Treasury note* 1471.000.00 Crrtlflratea of tndebtednnjs ...... 946.000.00 Total IT. R. government aenirltlea f 4,101,000.00 I’ncollected Item# t1.160.154.4$ Hank p rinhea 2.874.TQ8 77 All other rmwßtroea * 1,683.057 47 Total reemireee 8239.914.310 68 mabiltitob V H n*»iea In actual circulation 8117.594.465,00 Repoatta: hank— He errs account . .96-.361.18t.06 fii'wmrarnt 2.816.1T31# Other drtsMlta 116,288 82 Tidal deposit* 9 03.793.6.*4.17 avtlahility Item# ........ 27.380 481 3| Capital paid In 4.385.850 .06 Rurp-us 1.382.526 76 Total Ilahlltth-e . $236,814.816 68 Ratio of total rwrvee to deivnut and F. R. luxe liabilltli* oiifnhtaad, 81.8 per cent, I'tmtlttfem liability on btna jwirvhaarxl far fee rtga c«»r. a. I TRAFFIC SIGNALS »7 HKHT BALL (National Crop Improvement S*rrtca) of T .*i:'. nd Jr rlmln ? , v >i ‘‘* n K ot •» »° r " ii°w*. * 11 S 1‘ aay Is growing in .1" ln ' v lacoustn a uniform a edge- JKP 1 .! n»arkrr i# liberally poatrU *o t! 19 lourl#t (t harder to get ,h< “ r °* J deglrcd. rrrlj.f ®5 other slates ar. adopting u unlftirm ayat.m which la quickly seen if?. M’*" 1,11 ** “ A bunch ot Kll * *1 corners and cross discouraged by motor f y , Wh . tr ? • nd th * n * ,| “ •*««» «» b *i n * •ul'stltuted Very rapidly. sl7o TeV.Ti I’U W '"" r r,u, > »>*• *<lortad a Si 0 .a!Si* 1 ”? * l »*> fchC9 post mad. ln °! *- r r * ll “ps»n which to fiuni »aL. , r * ms They have I?T. d . t sr >t , l ? 00r i or nv< ' b!* 0 " may be nuT'.rn lh * * lm * It u*ed to ink. to put up one under the old method n.i.k.Li wl*3 * h *’ r " wanted with a •VtaVs'tuit “ *** ' k ® * r ‘'* drlv,r A" 11 le* l . b T».li ,> ®^a oj - ,h ”* * >O » , A *» much mlv K - f fofmer kinds Hole* IhlT . b k r “ nch,f<l In'the steel In order in et.VT* b * bolted securely a sldf\n^hJ.*rfl OW ®L * nd of ,h * F° B( h »> LtJ ..*J ch V r,n * breast plate which abi?*ne , .. arni, 7 V* • tr< ' UTld They are ?i£mm*end\ n V,m d Wh "' h THE AUGUSTA HERALD, AUGUSTA, GA. CHICAGO GRAIN MARKET CHICAGO, lll.—Sxport buying on a big acalo carried the wheat market briskly upward Saturday, with prices closing strong, 2140 to 414 c net high er, December *1.33% to *1.54 and May *1.61% to f 1.61%. Corn finished at l%c to two cents gain; oat* showing %c to %c ad vance, and provisions varying from unchanged figure* to a rl»e of 27c. Wheat closed strong 2%c to 414 c higher. Corn closed firm 114 c to 2c net higher. WHEAT— Open Hlah Low Close Dec .... 1301/, 164 V. 150% 153% May .... 168% 1f.1% 158% 101% July 140 142 HO 141% corn— Dec .... 118 114% 112% 114 May 11 121% 119 120% July .... 120% 122% 120% J 21% OATS— Dec 52% 53% 52% 53% May 58 58% 58 68% July 56% 57V, 50% 57 RYE— Dec 133% 136%. 133%, 130% May 136% 139%, 136% 139% July .... 124% 127 121% 127 LARD— Nov ... 1345 Jan .... 1407 1425 1407 1425 TUBS— Nov .... 1200 1200 Jan .... 1295 1295 1295 1295 BELLIES— Nov .... 1462 '1332 Jan 1315 Isls 1315 1315 CHICAGO CASH GRAIN CHICAGO, lll.—Wheat No. 2 hard, *1.52%; No. 3 hard *1.5101.61%. Corn No. 2 mixed, *1.12%, No 2 yellow, 51.15%©1.1fi%. Oats No. 2 white, 54 0 54VC; No 3 white, 52©52%c. Rye No. 2. *1 33%; barley. 83096 c. Timothy *5.5006.75. Clover $24.00- 0 31.26. Lard *l4 37. Ribs, *13.23. Bellies. *l4 02. St. Louis Cash Grain ST. LOUIH.—Cash wheat No. 2 red, *1.020 L. 69; No. 3 red, *1 fit. Corn No. 4 white, *1.0701.09; No. 2 yellow, *1.15. Oats No. 3 white, 53c; No. 4 white, 52062%c. (^mlkrP,CkssUr/fnnounc6S i ~ ±1 *25 Miles E 058 Miles per Hour 0 Miles » 8 The new transmit lion lock protect* the owner again.( theft when the car is left unattended. TH* new grouping of dials on th. instrument panel it not only exceedingly hand tome but extremely practical. The new good Maxwell it remarkaMy easy to steer. The short sp.it k and throttle con trols and horn button at the tot> of the steering column aad to the cemmienct of the drioer. COTTONSEED OIL NEW YORK.—Cottonseed oil was higher Saturday on active buying of May contracts that suggested removal of hedges against sales of cash oil, possibly for export. A feature was th advance In November to 11.75, or 75 points net higher, reflecting a scare oj shorts. Crude markets were firmer while hlghei lard and grain w\re factors. Closing bids were six to 16 points net higher. Prime summer yellow, bid *11.05. Prime crude $8.87%09.00. November *1123 . December 10.73 January 10.63 February 10.70 March 10.78 April 10.85 May 10.95 June 11.00 .Sales, 13,600 barrels. DRY GOODS NKW YORK.-*-Cotton goods were quiet and steady Saturday. New prices were named on union crash toweling! for spring "deliveries on a basis of 14 cents for roller standard grades. Yarns held steady with a moderate amount of business being done. Flan nels for dress wear continuer to occupy an important place In the demand for spot and future delivery. Silks for future delivery continued in fair de mand. Wool goods for men’s wear and cloakings were firm with a strong rising tendenc ynoted on any goods to be made. Linens were firm. The demand for holiday merchandise Is in creasing. PEANUT QUOTATIONS (By THE GA. COTTON OIL CO.) Carload lot* f. o. b. shipping point, *BS. Wagon load lot*, SB2 per ton. (These quotation* are subject to change without notice.) Chicago Potato Market CHICAGO. 111.—Potatoes: Trading slow on ordinary stock; moderate on rood; market slightly weaker; Min nesota sacked round whites fair to ordinary quality Wisconsin sacked round whites ordinary qual ity 80090 c. With a full sense of the seriousness of the statement—carefully weighing the meaning of every word—Chrysler- Maxwell engineers, without reserva tion, promise you,in this new Maxwell, performance surpassing in every es sential any four-cylinder car in the world today. To make that sweeping assurance more definite and specific—we prom ise you in speed, in power, in pliability of power, in swift response, and even more particularly in riding steadiness and comfort, results no four-cylinder car has yet been able to attain. To go still further into details, the new { Maxwell has speed capacities far be No one can doubt that success has crowned their efforts, after even so short an experience as a half hour’s driving demonstration of the car. Judged by the unusual and extraordinary character of its performance, this Maxwell is literally a new and immeasur ably better type of four-cylinder motor car. Balloon tires, natural wood wheel*, (top-light. tran*mi»ion M lock, Duco finish standard on all Maxwell models. Shrouded M A larger radii ► '' visor, integral with roof, and heater are standard on all ff tor, of new shape & closed models. I m ' *^~l AUGUSTA MOTORS, Inc. 577 BROAD ST. AUGUSTA, GA. NAVAL STORES SAVANNAH NAVAL STORES. SAVANNAH.-Ga. —Turpentine firm, 78%c; tales, 128; receipts, 515; ship ments, 8;.. stock, 12.10*. l'.osin, firm; sale*, 1,233; receipts, 2,895; shipments. 348; stock 83.156. Quote: B D K V G II I *6.30; K *6.3006.35; M *0 40; N *8.73: window gla**, *7.43, water white, *8.10; X, *8.30. JACKSONVILLE NAVAL STORES. JACKSONVILLE. Fla.—Turpentine, firm, 78%078%c. Sales, S6C; receipts, 201; shipment*, none; stock*, 23,278 Rosin, steady. Sales, 1,115: reeelpte, 1,939; shipments, 1.155: stocks, 106,675. Quote; Bto K *6.30; M *6.40; N *6.73; window glass, *7.45; water white, *B.IO. LIVESTOCK MARKET ATLANTA CATTLE AND HOO RECEIPTS. ATLANTA. Oa.—Cattle: Receipts, 100; for the week liberal receipts; market generally steady; closing dull ! and weak; hulk prices, beef steers, $4.5006.23; Stockers and feeders, $3.25- <8,4.75: beef cows, $3.25 0 4.00; ciU l ters, $2.6003.00; canners, $1,900 2.,e. Hogs; Receipts 500. for week; hulk 100 pounds and 910.00010.15; 1300- | 160 pounds $9.0J©9.50. ! CHICAGO CATTLE. SHEEP AND RECEIPTS. » CHICAGO. Ill—Cattle: Receipts 2,- 000, fed steem of value to sell at SB.HO upward, 25c higher; warmed up. plain quality native steers and west ern grassers. 25c lower; best cows and heifers, 15(ft25c lower; canners and cutters, 10$15e off; bulls, steady; vealers wea kto 50c lower; week’s hulk prices follow: Fed steers, $7.75®- 10,75; grass steers, $5.25(96.75; fat cows, $3 50@5.40; heifers $i.25@6.75; canners and cutters. $2.50@3.10; veal calves, sß.oo<ft9.oo;. Stockers and feed ers $4.50®6.70. Sheep: Receipts 2,000, steady; fat lambs, $13.50; culls sll.t>o; compared week ago fat lambs mostly 50c low er; fat sheej 50c higher; feeding lamb.*; 25®50c lower; week’s bulk prices fat woolen natives and fed westerns, $13.50014.50; top sl4 75; closing bulk. $13.50013.75; clipped lambs. $11.75©)- 12.00; yearlings. $11100012.00; wethers 8.0008.50; handywefght fed western ewes, $7.5008.00; natives. $5.5008.00. Hogs: Receipts, 14.000, 15025 c low er; lightweight, 25@35c off; light- yond any car of its type and class, and in the rare instances in which they may have to be used, will register them with an absence of vibration without prec edent in four-cylinder construction. Chrysler-Maxwell engineers have been actuated by the conviction that in ad dition to its inherent and natural econ omies, the four-cylinder principle pos sessed possibilities of power and speed capable of being translated into ease and steadiness which have never been fully developed. They set out to overcome what have all too readily been accepted in the past as limitations in the four-cylinder engine and to convert these limita tions into positive advantages. President and Chairman * iof the Board Maxwell Motor Sale# Corporation. Petrol* Maxwell-Chry#ler Motor Co. of Canada, Ltd.. Windsor. Ontario Before You Invest Investigate BY JES6E B. HART. PRESIDENT MACON NATIONAL BANK During the past several years fraudulent and worthless invest ments have come on the market and I feel that if the banks and (other financial interests of our state would be more alert and would exercise their privileges more, that a large amount of these worthless securities could be stop ped and held off of the market. Very few weeks pass that I am not called on to express myseit as lights and slaughter pigs, 50c@$1.00 lower; hulk good and choice 2250300- pound butcher*. $9 0300 43; 15002(10- pounds, $7.7508.75; 1400150-pounds, $6.0007.00; packing sow*. $5.50®5.90; slaughter p gs, $6 0006.23. METAL MARKET NEW YORK—The demand for jiteel continued In broaden rapidly during State Bureau of Markets Prices below are those which wholesaler* are paying F. O. B. these consuming centers. To arrive at prices net shippers, deduct freight to nicest favorable point. Atl'ta Aug’ta Macon Sav’nah Col’bu* Sweet potatoes, Yel. bulk load ing. 100 pound* $ 1.75 $ 1.80 $ 1.65 $ 1.65 $ 1.85 Irish potatoes, No. 1, per per 150- pound sack 2.00 2.25 2.20 2.20 2.40 Cabbage (green crated) 100 lbs../ 1.75 1.73 285 2.25 2.25 Black ey. peas, pound 00% .06% .06 .06% .95% Brown eye peas, pound 04% .04 .04% Eggs, fresh candied, dozen .45 .45 .43 .48 .52% Stags, pound . 20 .21 .20 .20 .20 Hens, pound 20 21 .20 .24 .21 Boosters, pound * 12 .11% .11 .12 .13 Friers and broilers. 1 to 2 lbs. pound 32 .31 .29 .30 .35 Ducks, pound .' 20 .18 .17 .25 .22 Geese, pound 15 .15 .13 .15 .18 Turkeys (hens), pound 25 .27 .25 .30 .20 Turkey (toms), pound 25 .27 .23 .30 .30 I 'ountry . butter (best table), lb.. .35 .33 .35 .30 .38 Country butter (cooking), pound. .18 .21 .20 .35 .28 (la. cane syrup (Rbl.). gal 90 .90 .80 .S 3 .90 Corn meal, per 69-lb. sack .... 2.89 2.85 2.50 2.83 2.73 Corn No. 2 (white) sacked, bu.. 1.38% 1.40 3.38% 1.41 1.38% Oats. No. 2 (white) sacked, bu.. .69 .70% .89 .71 .71 Peanut hay, ton 18.UO Peavlne hay, ton 2.00 22.00 .21.30 22.50 22.09 Shucks, ton 15.00 SUNDAY, NOVEMBER 23 STOCKS AND BONDS. to the value of certain securities, and I am frank to say a large amount of them are absolutely worthless. If the public would only consult their bankers more in re gard to securities. I believe the banks would be a great factor ;n saving them money. I am certainly, with the Securi ties Commission in endeavoring to make "BEFORE YOU INVESTI GATE WEEK." a success past week and there were evidences of increased activity In all directions. Preparations for larger production were displayed by leading producer* and prices developed a strong under tone with advances in most descrip tions and the trade was very optimUt lo relative to the future. Prices were firmer and In sellers’ favor. The demand for copper has fallen off following the increased business noted during the first half of the month. IN eui fendert especially designed for balloon tires —wider, heavier and toilh deeper skirt— protecting body from mud ■ splashing and adding to the beauty of the cars —new and dis-