Newspaper Page Text
SUNDAY, OCTOBER 6, 1912.
WHEAT AND BALKANS;
But Operators, Fooled Often in
Tast by Wnr Humors,
PATTEN BULL ON' CORN
Some Damage to the Corn Crop
Heported and Storks
Rumor nf Impending war In the flnlkntis
hare disturbed the wntld's whent markets,
War In the Unlknns? Nuppoo It should
come? And suppose a wnr there should
Invoh a nutnhcr of the crcat I'owori of
theenrth Suppose the Pntdane Hen e'.iould
h closed? No hull or hear would reenrd
that ns a trifle. Hhut out tlio wheat of liuesin
from the markets of Western Kuropo'' It
would electrify tho markets the world over.
If mere tumor makes thctn.ns It were, prick
up uieir cur wnni wouiu me neum event
iln' on Anril n no.-.. Ai.rii i t i v,-
Vork Ion war rumors advanced to os'.c
from !:'(. on the previous day. On the
Mine day May touched Me. ns nealnt Si.l'.c.
the day beforn. In the week eiidimr April IT,
ISM, prlre.s advanced over l"c. a bushel.
All this was due to rumors of Impending war
lietween Knsland and Itussln xrowing out
of reported l!tu.i,m encroachments on the
Afghanistan frontier. Speculation was
wild Hears were slaughtered. On April
50. IW, theie was another outburst for
the hame reason and that day prices nil-1
vanced 4r. 'lhus wo ce that In n simile
day In tho pnet wheat prices owing tot
the Tear of war have advanced in New Vork
4c. to Sc. a bushel. Karly In April, I .",
Chicago prices advanced 7c. over nlsht,
"History repeats Itself" nt times under
fimllar conditions. It remains to lie Keen
whether such conditions will arise. Mean
time export trade.whlch hnd been rpilet for
some weeks, ngnln shows signs of reviving.
Irge sales for Europe have been reported
nf K'.m.w fl... .....I t..l I I..... I
in. tl , , An , wv 1 1 .
V And it looks n though the receipts of
wheat at the Southwest were going to let
up very materially. The big movement
there. In other words, Is considered
lo be practically over. The arrivals nt
Kansis fity and St. Louis have latterly
shown u decided Increase. The shipments
from Kansas City will be very large. Con
tracts it Is believed have been signed for!
the moving of a large proportion of Kansas '
City's slock by way of Chicago to the sea-:
board. .Much of it Is believed to be destined I
for European markets. The weather boa'
been belter in England, France and C.er- I
many, but European harvests are not as
a whole satisfactory. (lood wheat Is still
scarce across the water 1
A good many are bearish on wheat In the
this country prices mut necessarily de
tune, bears argue that only war in
Europe can prevent thl. Armour Is said
lo hae sold TSO.OuO bushels of December
on Thursday and"bought futures In Minne- i
npolls, taking cash wheat nl-o In Kansas ,
As reirards Kansas rttr nrlr.. It I. rrnwi, 1
of remark that they are still stronir ecn
after the rn-i-nt sn.,.nlt,i r.,i ....
has ended. Wheat Is selling there at prlcta
relatively above those of Chicago futures
Jt Is argued therefore by some that this
is clear rnuugh evidence thai the KnnsH,
belief that receipts at the Northwest ,, ml ( T tr i ,', " '," "V- . ",r" ,"v- rlv.,'"
elsewhere arc bound to Increase In r;ar 1 ""''r boiler rivet, Ma ton.whlleJ.ew ork
future with improved weather ami ihj "r'.PUt "P V',?"' 0
mil.... i-,ir.. i t,.. i.m .... . l.il" ... i. i 1 ln, and a number nf unofficial ndvanees
City situation was inherently strong apart 'lron hnfl moyni nearly as rapidly, bessemer
from Armour's reported operations there i hn hoM ln 'n' I'""ib".' market as high
involving some S.ooo.ooo to c.ismiKio bushels a" H""0. valley basis, which , over tt.40 a
so that the recent advance was after ali "on ''Igher than prevailed at this time last
based quite as much on considerations 0f I month. The Younestown Sheet nnd Tube
supply nnd demand as on the speculative 1 rmp"ny '"'ured Ux.noo tons of standard
ntlitude of Armour interests or anybody j bessemer Iron at tl a ton. but this was
else. i motly a sjieculatlve holding engaged
It Is an Interesting fact this season that1 before prices were at their present levels,
big receipts have not caused big accum-1 Some small sales of bessemer at valley for
mations of supplies. Too many holes have ' mice, brought JIT 2.. a Ion. Valley furnace
had to he tilled up. A great deal of wheat Interests have obtained as high as tin 25 a
that has left tlte farm has not reached ton for basic iron Charcoal, gray forge,
the big pilmury points. It was stopped foundry, and other grades of pig iron have
on the way. Invisible stocks have been I li.,.-n .nnrL-,.,1 m. it. nn.,,i,- .ii-i-i.,.
diawn down to a ery low ebb. Interior
mills iiiid others hae been anxious
buyers to replenish their depleted stocks.
It has b. en a kind of still hunt for wheat.
lliiMiig. If silent, has been persistent. It
'II i nuiu in null mi u nir H tfiu. i
ha mmle no noise n the wheat world. """ market price, itils Is particu
but Its iffects ate apparent in the ah-1 1,lrl' H"', for wlr'' Pnxiucts. where
senoe of that large increase In the visible I nenrly all of the mills are asking from tl
supply which bears have been so eon-! ,J n ton above the market. This is dno
tlilently counting upon. Hulls maintain , to 'ho great demand for wire, which Is
that the steady absorption of the actual , heavier than for any other product In pro
wheat In this country Is sufficient evl- j portion at present, most of It being wnnted
dence that bearish factors have been dls- 1 for agricultural purposes. Tho American
counted. ,St,-el and Wtro Company took la orders
',amrl ' a"n unoouuteuiy ,
n bull. He Is long of a certain amount
Sm.'?'!?'- SJZ 1l'',7'',,".b,'.11rn lf r"""l
"HI...... " 1.4 t. IIIIII-
pronounced stand. As the case Is at the
moment stocks nre small, whether visible
or Invisible, und careful students of the
Situation think thut Ipeenitnr ent-n wtll
sooner or later go to fiu cents In Chicago I
Why, it Is asked, should anybody accu
mulate a big stock at Chicago nt present
prices? As a matter of fact corn will be
held by fanners rather than accept pres
ent prices. And If the corn does not ac
cumulate at Chicago to any large extent
2".JtT '""centner snorts gounr to
do ? They may meet the fate of tho Kan -
(as C ity shorts In wheat. And October
September corn did. There a e predlc -
tlorw already that October will run above
70 cents. Patten's operations have been
closely watched as n no bad Indication of
what the market Is likely to do.
His reputation w.is originally made In
eats. He used to go Into oats on n big
Heals, carrying many million bush'ls ut
a time, after n careful study of the ettii-
atlon. Big operators do not go In hap-'
hazard. Then he went Into corn, nnd be
ts recognised as 'n good authority on this 1
(tubject. He studies It closely No chemist ,
analyzes a substance mor keenly thnn
this big operator analyzes th facts and
figures pertaining to the vast corn belt
of this country, w-he.ecrops of2.S00.nfl0..
000 to 3,000,000,000 bushels, (lie lamest
In the world, may be raised. To watch this
vast territory closely involves ceaseless
vigilance and big ex-pence.
It Is believed that Patten and his
friends must be engaged In this work of
rifting out the actual farts In regard
to the corn crop nt the present time. No
body knows how much he Is "long" of
Ills books are not open to the casual
observer. There Is an Idea, however,
which Is evidently well founded, that h
Is long of the market and thinks well of
It on the. basis of supply nnd demand
present and prospective.
Corn stocks ar even nearer the bot
tom of the bin than those of wheat.
The country was swept almost clean
of corn last season when the crop was
a comparatively small one and the feed
ing" on the farm reached very large pro
portions owing to th advance In
price of hogs nnd cattle which naturally
made It more profitable to feed corn to
rtoek than to ship It to the market as
grain. Of late October has been " cents
under No, 2 mixed and 1 '0 tinder No, 3.
Hut there Is a growing Impression In
ome quarters that the recent fiott did
quite a little damage and that this fact
will become plain later on and that then
there may be developments of no slight
Interest In the big corn markets of the
West. The crowd, however, ts bearish
almost to a man. "There Is too much
difference between the ptlces of old and
pew corn," remarks one man. New coin
may come up and old decline a little to
rasters the equilibrium. Dig operators
kav b4i buying December and May.
AMERICAN WOMEN HAPPIEST.
Japanese Trnrhpr Stays They Are
Ilrllrr Than (hp Men.
Torio, S'pt IS. - lady Oona Nazzito of
tlio Woinon'M CoHoro, who returned from
nn eighteen months visit to Europe
unci America n week ngo, wan tho guest
of honor nt n reception Riven by foreign
and Jnpanosn coIIcro women at Kioto
recently. Ijidy Xazzito was presented
with a handsome (-own made by tho ladies
tendering tho reception.
In rofponno to tho invitation to tell
of her travels abroad, nnd particularly an
to tho condition of women in foreign cotin
trien, Uidy N'azzito went Into much de
tail regarding condition nn nho found
them In France, (lermany, England, Can
ada nnd the United Htates. She Bald that
the women of tho working classes In Eu
rope were, more poorly off than her scs
In Japan; that they had everywhere: to
work harder and with lens enjoyment in
So far as total results were concerned
Lidy Xazzito said that of all tho women
of tho world he believed tho American
to bo the happiest nnd beft treated,
'Only the upper classes In England have
money to r.pend In plenty." declared
Irfidy Xazzito, "whilo In tho United State
even tho wives of the day laborers attend
i (Jin great More salon and buy nice fabrics,
vi..n l A.,..... f ,
i V"m,n America nre of more account
than the men. They nre interested In a
thousand nnd ono matters and their lives
nre full. This is shown by their faces,
for the fnce of tho American woman is
tho most beautiful nnd exquisite, thing
in the world."
WILL BE FAVORABLE
September I'nfiUcd Orders Will
Likely Show Increase
Tl1" ""HI"-'! tonnage figures ,,r the fulled
will be published on 'lhurday. and It is
expected that an increase of about 100,000
tons will lie shown. As deliveries were very
heavy during September it may be that
a smaller Increase will be shown, but that
would not detract any from Hie favorable
showing thai would be made, as there have
been nine months In succession of heavy
ordering, and a letup in neu business would
not indicate any weakness In the Industry-
During the last week a number of new
quotations were made for steel products
Included are the advance of tl a ton in
wire rods by the American Steel and Wire
( ompany: steel shafting was Increased :i a
ton on larger than carload lots anil J'-' a
ton on less by all mills; one of the larger
plate mills put up thai product lo 11.60 per
too pounds. Chicago rivet Jobbers advanced
were made including those on steel hoops
to !..". per WO pounds, and tl a ton on wire
products by n number of Independent mills.
On steel prices, mills are quoting for 1013
delivery up lo April I. 11.35 per loo pounds
for, ,)i,r"- ,IM ,or lron D""- atea
Hn,l shapes tl 4S to tl.SO. and steel sheets
3M V-T Km pounds.
1'ig Iron prices have been moving up more
rapidly than have the finished steel quota
"0m l,m tM" ' because Iron was a laggard
rlier In the year. Scarcely a day passes
,mt what so"le new Increase In bessemer
Prices is noted from some district. Ilasic
Not only have prices been advanced
In oftlcial quotations but in a number of
r,M '"' mlllM nr n"K,n.K tno or "lt'lr B,eel
.st month nt around T.ioo tons a day aver
l'rlng the Inst quarter there was un
precedented activity in tho steel Industry.
Orders camo in throughout tho trade in
excess of production, nnd production was
carried at close to full capacity. The
""rd quarter In former years has been very
doll, which makes tho recent activity all
the more remarkable. One of tho most
Important features of the quarter was the
heavy buving of rails for l(i3 delivery.
It Is probable that a total of 1,000,000 tons
of steel rail, for neit vear were onlen.il
vt,0 equipment orders dropped off rtur-
1, 11C tho .lst month r thn th
(woro vnry h,uv. for tnp totft, mmrt(,r'.
1 1ll'n"nt 'narkot as they did their
recent ordering H bearing fruit In tho steel
' rket, as Is shown by the American l ar
" roundry order for 100,000 tonaof plates,
shapes and bars to cover Its steel require-
ments for 10,000 cars sold to Western roads,
I There has not been nny letup In new
1 business so far thU quatter and from all
i Indications tho quarter will close with a
greater unfilled tonnage, on the books of the
! various companies than It started with.
The mills nnd plants are opcratlngvery close
to lot I capacity, but new business has been
excess of o Iput so far In October. The
(tiinwenient In business Is Indicated by the
rm,mr, of tho production of the Steel
,',,.. ...... r' ,. ,low. AttMl
i time last jear tho prcsluctlon rate was
about 73 sr cent, full capacity, and now it
is around 07 !"'r cent. This Is made more
striking by comparing It with the Incom
ing business of the SteelCorporatlon, which
Is about in.ooo tons a day heavier than
Two dlieelors of the Steel Corporation
nro rcfponslble. for tho statement that
nt no time since tho company was orgnnled
have conditions been so promising for a
prolongod period of activity. One of these
directors states that the now year will start
with .V) per cent, of lis annual production
sold In advance, and that SO per cent, more
business could have been booked lf It were
not for Inability to make deliveries.
The Republlo Iron and Kteel Company
Is starting now construction which will
Increase tlio annual output about 100,000
tons when finished and In operation,
'I ho liothlehetn Hleol Corporation plants
nro operating In full. Additional capacity
will soon lie added which will give the com
pany a totnl of 1,000,000 tons of pig Iron a
According to the United States consular
reports, Iron and steel manufactures are
now being exported at tho rato of 11,000,000
i'lg Iron stocks In all districts nro rapidly
beini; depleted, which has been ono cause
lending toward higher prices,
l'r uluctlon of to,o Is on llio Incronse,
while prices have been advanced from
to 50 centsfa ton during the past two or
Balkan Situation Cansc of With
drawal of Foreign
LAKE SOLD AT 18 CENTS
Calumet and Ifecla Restorer) the
Premium for Lake Over
'I he premium which lake copper for many
years enjoyed over electrolytic brands
until early in 1012 reappeared on Friday,
when It becatno known that tho Calumet
and Itecla Mining Company hnd sold some
of Its own prime brand at 18 cents a pound.
This company, controlling Osceola Con
solidated Copper Company, also disposed
or some of the latter', product at 17',' cents.
Electrolytic did no better than 17,.' cents.
An upheaval In tho Italkans was the chief
factor during the last week in killing off
export buying of copper. Monday was tho
last day on which een a fair o1umo of
buying wn, reported, but since that time
mo cables seemed to have lost any great
Interest in the market for the metal.
I he volume of domestic buying was nlso
materially reduced, but in the trade It was
pointed out that In the preceding week or
ten inys npproiim.itely loo.otKi.ooo pound,
of copper hnd been sold for both foreign
and domestic consumption, and that n
breathing spell should Intervene before
another movement wn, only natural.
There were no price chnnges reported
from the general quotation of 17. cents
a pound. In fact further advances nppenr
probable In view of the current strike situa
tion, which has not only closed up the I'tnh
Copper Company and Its neighbors In the
llingham mining field but has spread to
Ely, Nev., where the N'evndn Consolidated
Copper Company and smaller mines were
also forced to suspend operations.
The cessation of mining operations at
llingham withdrew front mine production
approximately t5,ooo,ooo pound or copper
a month, of which the Ctah Copper Com
pany alone was contributing nbout 12,000,000
pound,. Nevada Consolidated is controlled
by the Ctah Copper Company through a
majority stock ownership. That company
has lieen producing at the rato of Sl.OOO.oob
pounds u year, so that with the elimination
of these two camps from the productive
field there his been taken from copper
mining un output figured at the rate of
24n.ooo.ooo pounds a year.
The extent of the Mexican revolution
and copper production In that country
were largely shown when I'helps, Dodge A
Co, gave the output of their Mocterutna
mine for the month of September at 771,ooo
pounds, which compared with over .1,000,000
poutnls In tlie month of August. This
mine Is located Just sontli of tho Mexican
border and Its production is shipped In tl e
form of concentrate to the 1'helps-DoJge
smelter nt Douglas, Ariz., for treatment.
While the output from that mine shows a
heavy decrease the Copper Queen mine,
also owned by rhelps-Dodge, produced
over s.ooo.ooo pounds of copper during
September, which established n new hleh
water leel for the property.
The outputs of somo of the leading pro
ducing companies for the month of Sep
tember, as reported during the week, were
I'tirlps'-Podfp 4 Co
Calumet ami Arljona
A,lde from the labor troubles already
noted there has been a continued Inability
in various other mining camps to secure
sufficient miners to maintain production
at top levels.
The Knginrrrinu and Mininn Journal
gave It, aeraz price for elsctrolytlo cop
per during September ns 17.5ns. cents, the
highest in over five years. I-ako averaged
17 (pis cents, likewise high for a numlier of
vear. On the electrnlytio average settle
ment for a considerable tonnage of copper
was based. I he average for the first
nine months of the two grades of copper
during the last three years has been as
follows (cents per pound).
mi.', mil. taio.
.Ian.. 14 0114
12 ASO 13 870
12 811 13.710
Marrh 14 iw
13 379 17.808
Henry It. Merton A Co, of London con
tributed in their weekly comment on the
trade some Interesting suggestions as to
the cause of record consumption of copper
along the following lines-
'It has been argued that the new produc
tion of copper which Is now coming along
as the result of the boom In llO and Ifl07
would fully restore the equilibrium lietween
supply and demand and make good the
xces. In consumption which we have wit
nessed for the hist eighteen months and
liich has caused such heavy inronds Into
our stocks, Decent developments, how
ever, indicate clearly that such assumption
cannot lc relied upon because the con
suming end of the industry is not only
keeping pace with the new supply but Is
already outstripping It, This is In the main
due to the remnrkable activity In the elec
trical trade In Kurope and the rapid growth
of the general manufacturing industry
In the l.'nlted states, We are Informed
that such is the demand for copper prod
ucts In America thnt the works would Ik
running nt their full capacity day and night
were It not for the difficulty of securing
all the necessary labor. This difficulty Is
not confined to the consuming branches
of the trade, but also to the producing ones.
Not only are the refiners of copper meeting
with It now but tho trouble has spread to
thn original sources of production the
mines and the smelters. The latest advices
from America in this leaped nre of a very
grave character. ATlor earnestly endeav
oring to meet the men's demands the pro
prietors of tho I'tnh copper mine at lling
ham have been forced to suspend opera
tions and have In consequence also had to
close down their smelter at (larfleld. This
Important producer of copper Is responsible
for about 15 per cent, of the American sup
plies, and its shortcomings for any period
of Importance in the present state of con
sumption would have a most serious effect
upon the stocks on hand In particular und
upon the price of copper In general,"
Europe during the week cabled that
stocks abroad during the fortnight up to
October 1 had shown a further decrease
approximating 1.15S tons. In addition
Hamburg and Rotterdam reported a de
crease of .185 tons. The foreign visible
supply has been as follows, exclusive of the
two (ierman points (tons),
1912. 1911. 1910. I0O9. 100S.
May . .
57.283 83.797 100.022 S.VA77 19.7m
ns.Mo 83.10A uo.sos 52,935 20.6AO
?'?JI 'i"! "JiM s.7'3
. 50,175 83,257 111,4.12 51,254
40,771 78.040 110,207 511,018
44.AIH 72.AI3 104.815 M.854
4I.A23 70,172 101,061 A7.379
45,1124 68.023 00,230 7A.55U
46.AA4 AA.UU 07,507 88,218
44,218 A7.340 03,061 03,851
AI.8.1S 88,423 00,357
58,48.' 85,250 105,173
Exports of copper for the month of
September ran below the procedlng month,
amounting to but 25,572 ton,, against 20,562
Ions In August. Monthly exports of copper
during the past few years hnve been running
us indicated in the tolloning tabulation:
1012 1011 1010. 1000. 1908, 1007.
31,220 20.357 2A.A09 10,100 33,010 17,010
rru ,di,nid in.vwj u.ivn .4,tHIJ V.I7A
Marrh. .24.744 23,2on io.OA.1 20.824 2l,7n 13431 I
piu,,,M.i f,OT iimj i,oas njtv
War... .32,54 2S.S.S3 50.SM 31,47) 22.S40 0.015
June,. .26,647 30,074 23,430 33,774 2S.8W l,47
July,, ,.23,445 34,953 22,1175 .15.04D 17,840 14,773
Aug. ,.2B,621 27.SB3 27.S7S 22.91. 26.0OK 13,454
Sept.... 25,573 25,745 31,73.1 20.207 18,428 17,15ft
Oft 21,904 27,917 23.S7S 21,03 29.187
NOV 2,43l 30.441 24.028 19.348 34.087
IC 37,430 8I,52 28,104 21,800 37.M5
12 rnos 335.381 301,590 301,857 290,103 228,834
H became known during the week that
Cencral Electric will use lietween M.ooo.ooo
nnd 35,000,000 pounds of copper more this
year than during normal conditions, while
other largo users of tho metal will show
a corresponding Increase ln their require
ments. It Is an Interesting fact thnt the
two great Ccrman companies, the Allge
meine (lescllschaft and the filemens .V
llolske, nro an short of surplus stocks of
copper as are the "big three" Amerlcnn
companies. It Is reliably stated that none
of the wotld's five great electrical enter
prises has had more than thirty days stock
of copper on hand.
This means these Are great companies
which are using to-day nt the rate of lie
tween 275,000,000 and 300,000,000 pounds of
copper yearly have at tho moment only
about 3VWO.0O0 pounds of copier on hand,
and what Is equally Interes lig Is tho fail
that they have consistently adhered to the
policy of buying copper, n, contracts have
been taken for nearly four years. Tho old
days of attempting to anticipate specu
latlvcly the advanco or decline In copper are
over, at least for the time being.
CROP IS INDICATED
Government Reports Lrust, Week
J'oint to Yield of Over U,
Although tho date of killing frost Is bound
to prove n material factor tn the sire of the
cotton production this year. It Is generally
believed by experienced cotton men that
the two (lovernment reports of last Wednes
day effectually disposed of nny idea of a
short or moderate crop. Naturally there
will be many planters throughout the South
living in sections where the outlook Is poor
who will cling steadfastly to the view that
the total yield will be small, However
such vlen-s result almost entirely from the
Influence of leal conditions, and when It
comes to figuring on the output of nn nren
of 35,000,000 acres, only the blrdseye view
is worth considering.
The cotton crop this season has been of
such a spotted character, with exiellent
yields promlsod in some sections and poor
one, in others, that until tho two oftlcial
report, of October 2 It was impossible to
obtain a general grasp of the whole yield
situation. With the evidence furnished by
these reports, however. It is to be exacted
that crop opinions will take denfllte form
nnd crystallire into fairly reliable esti
Taking up the condition report of the
bureau of Statistics It mudt be admitted
that condition figures, especially on cotton,
seldom furnish a reliable guide toaqtiantlta
tlvo estimate, It seems to hnvo been im
possible for the bureau officials at Wash
ington to embody Inn percentage condition
anything more than a general Idea regard
ing production. In the bureau report of
September, lssn, wetlndthe following state
ment regarding the significance of con
dition figures: "The basis or unit of com
parison Is too, which Is tlio standard of full
condition, representing perfoct healthful
ness. exemption from Insects or drought or
other causes, with average growth and
development, 100 means a prospect for a
F.vldently while 100 might mean a pros
pect for a full crop, a condition of 71.1 ln
October, which I., 28.n points below the par
figure, last year meant tho largest crop on
record, as more than 10.000.000 bales were
produced. Consequently the trad In figur
ing on bureau reports doe, not attempt to
make a contrast with 100, but with the con
dition figures of other years. Tho total
production last year was lA.vnn.flOQ bales.
'I his year the ncreage, as reported by the
Washington statisticians, is 7 per cent,
less thanjlast yearandjthn Octobercondltlon
is given as 69.(1. compared with 71.1, or 1.5
points advance. This means thnt prospects
point to a crop about 0 per cent, less than
last year, or a yield of about 14,750.oiki
bales. Of course these figures, which were
Issued as df dato September 25. do not take
into consideration the date, extent or sever
ity of killing frost. Although this crop was
considered late ln the frost. It has recovered
a good deal of Its tardiness, and with tho
exception of the lowlands of Mississippi,
portions of Arkansas, some sections of
Oklahoma nnd some portions of Georgia,
It Is probably up to normal. Consequently
a killing frost around October 25, unless
it should spread over the entire belt and be
accompanied by temperatures considerably
below freezing, would not do more than or
Such aro the conclusions to be drawn
from the last bureau condition roport.
The census ginning figures Issued giving
the amount or cotton ginned to September
2.1. Issued also on October 2. nre fully con-.
flrmntory of the conclusions to be drawn
from the condition figures, Since the present
crop was planted the general outlook has
been thnt It was late. Probably this feature
will not lie so keenly emphnskted from now
on, ns It would merely accentuate the mag
nitude of the census ginning Indications.
The average percentage of cotton ginned to
September 25 for the seven years durlnir
which records have been kept Is :o. 1 per
cent. Asiae from the assumption that the
present crop Is a late one and figuring that
It Is merely normal In development nnd
maturity, the average percentage certainly
would apply. Tho amount of cotton ginned
to September 25 was 3,015,000 bales, and on
the basis that this represents 20 per cent.
of the crop It may be deduced that ginning
Indications point to a yield of practically
The big yield, of course, will be west of
the Mississippi Illver In Arkansas, Okla
homa and Terns. Texas already has ginned
over 2,000.000 bales and the highest per
centage ever ginned to September 25 was
43 percent. This was In the short crop year
of inoo when cotton opened all at once owing
to widespread drought and extreme heat.
Assuming that this high percentage applies
this year, which Is hardly reasonable, the
Indicated crop for Texas alone would be
4,ti50,000 bales, Never In history hnve indl
rationa pointed to such an enormous yield
for Texas. A despatch from Sherman,
Tex., in tho nothern portion of the State,
says that on September 27 a petition read
ing an follows was signed by 100 business
men of that town
"We the undersigned citizens and business
men of this city do hereby ngree that we
will for tho next six days, weather permit
ting, assemble together at 4 o'clock every
afternoon for the purpose of going to the
cotton fields nnd assisting the farmers In
gnthering their cotton crop.
The desnatch iroes nn trt lan
l . v, 1 , ...
' 1 u 1 is-r nrre uwuiin, pnynciui,
carpenters, blacksmiths, and in fact every
class of citizen In Sherman. In accord-
!. ii -j .
" hi" nrn-iNiiuwu iiKrruntent
several automobiles were assembled on the
court house square at 4 o'clock and the men
r,,r "IB t'oltn folds, It has been de-
tormlned by the business men of Shorninn
and tho citizens generally that the cotton
crop of (Irayson county, which Is one of the
lnrireitt In Itja lilutr.ri. ul.oll l,A m
lust what thn effect on prices would tw
If the crop of 15,000,000 hales should be pro-
uuceii is prouietnaticui. Those who are
counting on extremely low prices aro likely
to reckon without thelrliost. Thec(insuiiip
tlon of cotton this year' on tho basis of
ten cents would break all records even that
m . . .
or IR8t Jenr w''cn 14,516,000 bales wore
MAKING THE HOUSE
FIT THE APPROPRIATION
Continued from Fourth Page.
more than we are willing to freely pay
for. Wo have a hazy feeling; that the
HVStefTn nf lettlnir enntr.ieln tn the lowest
competitive bidder on a set of plans
and specifications may bring us a piece hiiu. kuih ...i mure
of something for nothing. So we name tnan a century have been the standard
a low price and you don't tell us flatly verlng for the American frame house,
that It'H too low unlcas It's absurdly so, I""." Painfully neat, thin and flimsy
even though you know It without put-1 ooklr"'' without variety of color or tes
ting pencil to paper. Your experience .tur'' aml requiring paint every few
with past clients tells you that every "'aM 10 Prevent a worn and shabby np
lntelllgent owner must or ought to have pearnnce-they have seen their day. In
a fn r idea an to whnt he must reallv
spend before he Is through, and that he
will finally build what he wants, more
or less regardless of nny stated cost.
"One man In twenty, howiver, usually
limited ln his resource.,, says what he
means and sticks to It until his house
Is built, and' you can't always recognize
him before It's too late. A careful
architect should always be prepared
for this twentieth man. I nm he. If
I expect too much for my money give
mo your honest opinion, and try to
work out a scheme i.iore modest that
will give us ns far as possible tho es
sentials of the sort of house T have
tried to describe. Of course our ap
propriation can be stretched, but don't
stretch It too hard. Try first to meet
my appropriation In your sketches, then
my programme, ns you call It, If you
can't do both at the samo time."
Are you one of these successful mon
eyed men who Is sir ply nble to pay If
he chooses for n house of more than
moderato cost? When you go to your
architect surprise him by saying:
"Now, that's about what we think wi
want. Oo out and take n look at our
property and make some sketches.
Doubtless you may suggest some addi
tional features, or perhaps an alto
gether different scheme, and perhaps
some other material.
"We want a well built house, suitable
to our property and neighborhood, nnd
the way we live, and the cost Is a sec
ondary consideration. We don't want
a larger house, and we don't want to
spend money for unnecessary and
meaningless features, or for iotid' ef
fects, or to waste It any way. We sim
ply want a fine, cleancitt, livable house
that's good to look at nnd built to stay
and save repair bills. Wo know such a
house costs money, and we are ready to
spend It I've practically decided to
build on a percentage, or 'cost plus
fixed sum' basis, and the foundations
can be started as soon ns your plans
are sufficiently complete for approxi
mate estimates of cost." Many house-
builders nre, however, "between tho
devil and the deep sea." They are llko
the fellow who wants to own a tour
ing car on a runabout Income. They
want better nnd costlier houses than
present means or certiln future pros
pects warrant. You cin hardly expect
them to be frank with tn architect, be
cause they think they m.'an what they
say as to ultimate cost. But yet, ln
the tvtse of each, the new Jouse must
somehow be a next year's moJ?1. seven
passenger, four bathroom affair, tuiiy
equipped with hot water heat. Indirect
electric Illumination, vacuum cleaning
system, tireless cooker, lnter-telephones,
Ac, or the fnlr chauffeuso will never
smile again. The architect Is sought
as n possible worker of miracles,
These are the people who discount the
future, and find when all the bills are
paid that they have spent rather more
than they could well afford. It Is they,
rather than their architects, who are
extravagant. They are tho American
spenders. They nre the people who
mortgage their homes to buy and mn
As already suggested, there Is a rongh
and ready method of estimating tho
approximate cost of a house from the
simple outline floor plan sketches which
you evolve at homo or from the pub
lished plans which you buy before you
seek nn architect, or from which you
perhaps plan to build without regular
architects' services. Simply compute
the cubic contents or "cubage" of the
building, nnd multiply by nn assumed
cubic foot price. The accuracy of the
result will depend on the degree of ac
curacy with which this cubic foot price
has been guessed.
Kor all estimates, except those based
on actual bids from contractors, are
merely guesses. And so wide are the
variations between contractors' bids, on
completed drawings nnd specifications,
that these often nppear to be guesses,
rather thun the careful, expert compu
tations of men thoroughly familiar with
current prices in their special lines.
So nrchltects often rind thnt their
rough estimates based on assured cost
a cubic foot nre nearer the truo con-
trnct cost than many nf the nctual pro
posals which they receive.
In no branch of building Is the unit
price more difficult of accurate assump
tion thnn In residence work. Not only
Is cost largely Influenced by locality.
Including the local material market,
wage scales, working hours nnd elll
clency of mechanics, but It varies with
the type of plan and design, while the
character of construction nnd materials
If the cost be estimated according to
cubage for a certain construction and
finish, it may be modified by percentage
factors to determine roughly the cost
of different materials, workmanship or
Tho larger and more elaborate the
house the more difficult It becomes to
assume a cubic, foot price. For the house
of moderate cost, however, fairly trust
worthy data can bo given, remembering
that they vary with locality, size and
construction, nnd that the tendency of
all forms of wood construction nnd wood
finish Is to Increase gradually as our
forests continue to dwindle.
Twenty years ago good small frame
houses were being erected In Chicago's
fashionable suburbs at 7 or 8 cents a
cubic foot. Tho same houses now cost
more thnn double. Five years ngo a
good frame and stucco house costing
$10,000 to J1D.000 could be built In our
Western suburbs at 17 cents, but would
now cost 20 probably more.
A few years ago solid brick walled
and shingle roofed houses of good Blze
could be built at 25 cents. The price of
brick has since Increased materially, but
local wage scales aro higher and the
wood framing, floors and finish more
expensive. Kach year, too, the standard
of quality demanded Is higher, particu
larly In the matter of equipment. Wir
ing for electric lighting, formerly largelv
done in the cheapest way, Is now run In
"",' """""' t" u'wiruoiii noor3
must be of tlio Instead of wood, llnlnir
for vacuum cleaning must bo Installed,
and maids' quarters must offer tho
equivalent of good hotel nccommodn
tlons, so acute has grown the servant
problem. The old fashioned, wide open
porch Is now a sort of over windowed
annex to the Uvlnjr room and must not
only be glazed with sliding or casement
sash, but provided with enough radia
tion to render it livable all winter.
When ten years af?o there would have
been no stable or other outbuildings,
there must now bo a small garage.
For e-mail framo houses, wide, sound,
tight, stained, lapped, knotted boards,
ship lap or hoards tnngued with rebated
battens to shed rain are the most ecn
nomlcal exterior coverlntr over sheathing
and waterproof building pawr or quilt,
Shingles have nearly doubled In cost
In tho past twenty years, but still cost
1 nomore than the thin, painted, lapped
" 1,10 r""i 11 01 cl(,r luraner, nnu
counting the cost of frequent repainting
over the life period of the average house,
they are no cheaper than stucco on
Sh'tple brick houses will average not
more .han 20 per cent, more than frame
The combination wall of brick for the
first story and stucco or stucco nnd
stained wood above will cost usually
nearly as much as the all brick build
ing, but has a picturesque nnd lively
quality which renders It suitable to
some sites, while the frame wnlls of the
second story mny be readily extended In
the form of bays, overhangs or upper
porches, allowing greater freedom ln
planning the tipper floors.
In somo localities where gravel or
crushed stone nre close at hand, hollow
cement block for outer walls, Including
foundations, compete ln cost with ordi
nary frame construction, but nre un
sightly unless cast without facing and
th walls rough casted all over. Hollow
terra cotta blocks similar to those used
for the partitions of fireproof buildings
tnko nnd bold cement rough casting
well, but the cost Is so vnrlablo at the
present tlmo that tho writer would hes
itate to nnme n cubic foot price for the
Chicago suburbs with which he Is fa
miliar. For the construction of a sim
ple, square cottage costing $3,500 at
Concord, Mo., the architect states
that It cost but S per cent, more than a
shingled frame wall construction, ac
cording to comparative bids received.
Our own practice recently Indicated
on a $15,000 hollow tile nnd stucco fin
ished house (the work belnff donn
largely by day labor and bids having
been received for the same house In
frame and stucco) that 3 cents a foot
added to 23 cents for the latter covered
the difference ln cost.
In nny locality where this type Is new
and unfamiliar only comparative bids
on two sets of plans for the same house
will clearly show the difference. To a
certain extent this also applies to other
materials, but Is particularly true of
hollow tile at the present time,
It Is not advisable to dispense with
wood furring and lath for the Inside of
exterior tile walls. The 26 cent house
had no furring or lath. The furring
will almost save Its cost in the labor of
cutting for pipes, conduits, c, but the
lnth, preferably metal. Is, of course, an
Wo have had tile cottages built as low
as 15 cents,
Brick veneered houses are warm and
durable, and ln most localities tost
somewhere between the price of frame
and solid brick. On one $8,000 house wo
found a saving on comparative bids of
only $100 ln favor of brick veneers, so
naturally used solid brick,
Stone is seldom used for wall con
struction In the house of moderate cost,
although ln many localities It will com
pare closely In price with brick.
Xone of the cubic foot costs enumer
ated makes allowance either for archi
tects' fees or the work which must bo
done upon the grounds about the house.
And In attempting to use them to
wet blanket your hopes for that Ideal
little house, please remember that prices
vary with locality, with building activ
ity nnd with design ns well ns with ma
terials, and that you will in the end
save to pay not always merely what It
actually costs your severnl contractors
to do the work, plus a fair profit for
tneir time and pains, but whatever the
lowest trustworthy bidder equipped to
do work ln your particular locality Is
wining to accept, nnd thnt sometimes,
If he Is very busy, he wants a stiff pre
mium for his services, unless you nre
wining to wait until his work is slack.
Also remember that In tho country and
In small towns ordinary builders' work.
particularly carpentry, plastering, paint
ing, &c. Is from 10 to 25 per cent,
cheaper than In large cities and suburbs.
fto-rart for I'apooaes.
Totm rorresponienre Knnnnit City Journal,
iwannei usage Indians who have a lltltu.
for automobile, nnd other features of mod
ern civilization have taken another step
file )-nge women nre abandoning i),.
ancient aboriginal custom of cumins their
niant onspMnir strapped lo a board on their
bac ks Iteceutlv a great inanv of them hum
iiun'iiasi'd tlie taneiest go-carts thev could
buy and now it u no uncommon sleht in
- "i uuiri Minns ireiiuenteil ny the
Osage, to see an Osage mother, garbed in a
gaudy .blanket herself, pushing a baby
buggy In which reposes a little papoose
who seems ns contented ns when strapped
to the mother back.
i.i.? L J- k"'! l'oncas, Oloes and other
blanket Indians nre gradual y mining
tO till, CllStOIll mum
The Morocco Barker.
from the London Globe.
In Morocco the village barber Is com
monly the surgeon ns well-as he was of old
In lltirnpe-nnd the Morn-s haven significant
proverb which says that he practises on
the orphan's head, a suggestion which
might at limes I,,, callable of appllcat o
nearer horn-. He is no aitM t mv lug
w th a rough and ready hand ai d cult g
the hair with much the same effect as 15
olmL"r.l,1,' "'"''V "f." Pudding basin.
Ills best w ork Is done in shaving the heads
of his corellitionlsls. leaving only II e fa.
mlllartuftw thout which no Merberis happy.
According to the itulde books this m:
lie tillage is lo ennb e the Angel ( iibrlel
to haul the faithful into I'araillsef but may
n passing be mentioned that the faithful
i Im-'I'm? Wi,M"" '"""Imieil on the
purpose r ,c"orH'" t,mt such is Its
From Fur .Veirs.
It I, a Utile more thn ten years since alli
gator skins were first exported from Co
lombia, for five years one concern had u
monopoly of the business In alligator skins
from catching the nnlmals to selling and
exporting ho skins and as Inhor Is cheap
the exclusive Government privilege pal 1
K.rJ'ii i'NI,w. 'I,nv "i"" r,,n r"lcl' beasts.
HilL"'i' Pf'v'b'ge Is not what it would have
been live or six years ago. as there urn
fewer alligators to catch nnd the number Is
decreas ng each year, as there It a price
obtainable for each skin caught.
'""-,ip in t ic dry periods,
XUht Uaptlsni In MUsnnrl.
From the lluulmille Herald
Willlo Jackson, who united with the
Providence Church Sunday night under the
preaching of Klder K. V. Keltor. wus so
iinpiesseil Willi the Importnmn of hi, salva
tion that he Insl-ted on Inimedi lie bai.tlVm
and wu accompanied by the largo o gri"
gallon to the cn ok, three mile, , , 5$
h iVSi'fiiBf rlun louk l'la it 11 o'clock"
December to .March and .Inly and August:
BLACK WALL PAPER
Continued from Fourth Tage,
counting.' This It puerile, of eotim
still to some highly nervous rfrsons iJ
is a real factor In the selection ef .
nnnr. t Inn..,...- It . .. ' '
ono so highly strung should he In a ....
tarlum anyway, so that Is hardly a hoTm
to be considered, 05
"Speaking of criticisms of wl p,,.
few persons now object to paper rlwort5
with birds! but, even though there It .
decline In the superstition. It hasn't athC
B'iit-. u,.r,. uui nnu even in HOStOn t
tinvn fnltnrl v.tl nitil.iil. . . .. V 1
ful persons who refuse to buy wall tiaM,,'
with birds, the common saying blni th,!
They fly nway with your luck.' go!
years ngo when I was selling wall MJ
I very frequently said, 'I don't see w
thy can to that If they are well p,!tJJ
on': but while my customers enjojri it,,
remark the superstition remained
"Another undent legend that M, i,M,
pretty well scotched Is thnt about thf,.
being arsenic In wall paper. The ns
was also the source of that stnn. ...
thousands of samples of wall paper .,,
sent to Harvard to come out with mn I.
bad characters, all of which en..
dealers a lot of money. '
"A very Interesting chnnge In th d.
mand for color Is tuklnc place, t hu....
color means more to the averag- womj,
thun It used to mean. Take mauve f,
example. Time was when nn nom,
H'flllM itmnm nf .,.).. - . "iimi
......... ........ uniiin uii.iiw wail nnt)...
now It Is well liked nnd appreciated fro,
a decorative as well ns from a more J,
sonnl viewpoint. It Is snfl. nr.,i i..'
Ing to most women, since It has both hh.
and pink In Its composition
"I am firmly of tho belief that va.
Is moro Important than form. Only i'
pently I hnd an argument with a iwi!
..iiimrvi vii sunject ana )
contended that form and proportion n, t.
weigh color. Dut Just suppose ou ha,,
an 111 shaped room nnd an oddly assorts
co ectlon of furniture thnt xou
obliged to use. Hy hnrmonlous decoration
he room and the furniture can be blenni
Into a really satisfactory ensemble, o,
the other hand even though the ronJ
was of good proportions nnd the furnl.
ture charming In outline If the colorlnr
wns atrocious the result would be an.-,
thing but satisfying, .galn as nn e,.
ample take the Cologne Cathedral an.l
paint It a variety of colors; the J
pink, the columns bluo and the caMtaii
gold: what becomes of the form? Xo t
believe that color Is the voice of thlr'r!
nanlmate and can destroy form eeri
i. ? . 7",I"R thine about wall w
Is that In the last ten years more In,l
vidua thought has !,een displayed In th.
selection of appropriate wall paper thm
ever before. To-day a woman selects w
paper with reference to the height of th.
in.- rue oi ner rurnlture and th-
rtuiiui.iarn oi me nome renemln. tm.
means that ptopl,. have Improved ln their
" r ,mB campaign or education I
believe that the miner. hv. t..j '
,or mere is, to my mind
just as much difference between Imported
and domestic papers as between good and
p?,ln.,ln,f!l or tt nne old tint
w..u a .i.iiuKrapn.
" JLun ln price up to $0 and $40 a
S?ii..?h.'.y are roi",erf"l examples of th.
highest types of fine wall papers. Tha
price seems exorbitant at first glance, but
not when the wonderful detail and tht ei
pense of making are considered. The wort
is all done by hand and time Is not con
sldered. The paper ts strong and heavr.
with marvellous lasting properties. Tha
blocks or rollers on which the paper li
printed are all hand carved. Intaglio fash
ion. After being damnni th. ...... ..
fih f ,n ln1 f0"er 151,1,6 th PtM
hn tin.. brU.,h '"T the PU,P I"!' a" th.
hollows and crevices, and In places whtrt
1 1dC9lr,1 the design shall be mor.
Pmin,?t tra hlt 01 dnInel rpr
are beaten In.
tt "t'J" 'f of th paper Prlnted
It Is made In seven yard strips the end
.i.!i,.COmp!Ctly b'a,n together. Aftr
twelie yards are finished the paper Is laid
oyer wooden benches In the open air to
" unenvara lasen to the dec-
-.-...I,, muni ana covered with a coatliur
St,51lUe.Jh," Work " ee""aliy ion-
ml1.1"'8-, Th"1" ho lor Is applied br
means of stencils, and as soon as on
'"c "ed n worker follows with n
1loM.ani.r.Ub "Lth co,rt for the high
li.w JJ''" " ,h Prop's Pursued In
making the more expensive papers, and
an extreme Illustration, gives som.
rt.fnVJ hB Pnlnsk!mr effort Ufed In pru
duclng fine hand work."
HKI.r WANTED MAI.,
n2E,IR WORK OUTSIDE
ONEW YORK. STATE EXPERI
NCE AND REFERENCES.
ADDRESS A, BOX 120 SUN
CITY KAiVftmim wsnisi
of comfo? ahor.. ehVh.-.iY ?,lr LM"r."f"'
itnlae .. F . " " ' " - OH HI" MnilTII
iWyL nrrd "P"- w. olti:i:i.i:v. Hamnm.
SALl'SUAV fn. v... ... . . ......
house "h., men V Z 'l1" :PK
2?'2!liOB,H",.rlr .Provides for niiy .iotl.ri
ViVu.Ji.r.' ii.i:",."l,;uor V c" on iry i;ki.
ilanaiei . bw-rdVh"".' larr. i:ic. Sale
Manager, sou Woodward Ave, Detroit.
I.''v' A. M.'0. VoT .Pen t.wf.
e you at home In ten week.: as.'lst you ti
ure rood nnotlnn l'. i..... .. ....
student." Ite.Konable-" vr"VX"vU ,Z V.-.
ItocheTter.N y NAI' IJSTYPK IS.T1IT1U
W A NT Kh V I r n... . ..
, .... K ' ' ri imnitiuu Bniroiiioi.
Ytnr?." J?JZU7, f PPrelaltv to reiavl
queer. C. I' box at. Chicago, III,
WANTED, at once, a central sales atrnt lor
New York and vicinity; food money to man wko
can produce results. A. II.. box us Sun oH,
WANTl'tl .1 . ... -i ..
t....... .. -... . ...n, vici. Biirriaii) limn
hand e a live proposition for World'a Serlrs. Z,
.... 1U. .Jtl.lf .
110 I'I'.U Itll IlllU.nl n.t.l ...l.l .1... .11..
5rWv"?t l,M "-'"": '"rltory' SIIIIPAIID a
Aiil.rr . Lebanon. .V. It
BK1.V WANTED FEMALE.
wAD.'JS ,mke shields at home. 110 rer U"
Worn Kent iirnAlil in raii..i. . :
'?.J!!,niwft ddrce.I envelope, Kl'llt K
i .. liepu 38. halamaioo. Mich.
si.2nn rni.Ti rMuir ...... . . ........ m
. . - - ., o ,j
?..?..,... Slnen.'a"! llS.mo to dale Join our
ii in J,.:'r' w"lc'1 absolutely Inniirt;
Hi! " "Y" P" county. Koratail. farmer, clld
U.Sim tn 14 days, .Schleicher, mlnljie r. liws nml 1-
S?.S.fHi.aM,S ."FPo'ntnient. Ten Inexiwtlfnwl
K,?!1-!'1'? 'J0-0"9 within IS month. MranlJ
V. i .Xi. i " '",WD"a. Agents amazed im
SriUni!1.'-' .'n.cn.,,on doe: 'very home, J
ball room with hut and cold runnlni water f
Ahnllahes plumblnt. water-work Self-
15.000 altof ether! Lodew ck. 17 am day 'iedl
clven. Come mm- in.....i..!. .1..... n ni
i:,x,"lvr. requires quirk anion but nieam
a'iESiuS! H.01; lar.tVou- ALI.15N UKI. CO.
....... ...n., tmruu, LOUI.
AGl:NTS-ilir mn,.... ..III.. ..ill. I.H.Tl
for OfllCe WtndOWa. Slur rmnt, mnA Lc. 1.lBti:
anyone can put on: bamnlts free. Metallic slji
o- '-I , Llark. Chicago.
1XICAL Itenrm.ni.il.a ,...... in ..... ,.irn in
;cll Underwear. Sweaters, and Nrrkllr itlrffl
from our factory to wearer. Permanent lm'nf
')'"! if.""?. ''IP profit. I'.verv niilrk taut"'
if in mi: iii-ast MH.t.S. Dent, 1 11l.11' V
Ihi Wall .street eiililni of Tun Dmmmi M1
foiimln all the linaiirinl 'urw 1. and the m nl
lionil quotation to the clnsti nf the tiiarkei 'H!
rlonlnc quotation. Including Itm -lilil anil akked
prices, w llli additional new. matte,-, are rmilalnea
''"In Uieclflitaiid nnaledlttunaof Tin. KvaHrt