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High Prices and Big Crop
Pouring Money Into Western States COTTON WILL SOON FEEL MOVEMENT South Will Share in Prosperity as Soon as Money Begins to Come in From the Enor mous Crop Bt HOLLAND New York, January 14.—(Special.)—So far as is known In this city, no one is attempting to secure a monopoly or par tial monopoly of the control of wheat in the United States. It would instantly bo known were an attempt of that kind to be made. Therefore, the reports that the high price of wheat and the prob ability that it will touch $1.50 a bushel are due to speculation are regarded as false reports, if by speculation is meant cor nering or attempting to corner the wheat market. Undoubtedly, speculation characterizes the great wheat market, but it is of the kind which is also persuading farmers who have teen offered, according to re ports, $1.25 a bushel for their wheat to decline these offers. They do so because they are persuaded that the demand will become so great and the supply will be so rapidly diminished that hereafter the price may be as much as $1.50. That is speculation of a certain kind. Those who are operating in the wheat market have been ‘diligent in securing information re specting the world's supply of wheat as well as the present and future demand for the grain. Acting upon this information, they have been persuaded that hereafter the price may be somewhat higher than it is now. They are therefore acting in ac cordance with their judgment based upon their information, but this is the kind of speculation which is the life of trade end nobody is debarred from participating In it. There are two influences which w’ould Snake it impracticable to seek monopolis tic control of wheat at this time. In the first place we have harvested the greatest amount of wheat ever yielded by Ameri can soil. The amount is colossal and it would require -unheard-of capital to se cure even a partial monopolistic control. There is another reason which is historic. It is expressed In a saying made by the late James R. Keene, w'ho failed in an at- i tempt to corner the wheat market, and who yielded up the greater part of his fortunes at that time. Mr. Keene said, as reported, that lie had learned that no one man or group of men could get a monop oly of wheat. That, later, w>as the experi ence of others who attempted a great .gamble in wheat, hoping to secure control of much the greater part of the available supply. These men failed, one of them at least disastrously. So it is now an axiom that the principal harvests of the United States cannot pass under monopo listic control. One or two who attempted Two fairs for one fare” i ii [too Mi positions / RmrSantafetrans I ad^includii^ 10 CdifomiajUd ®Santale^e ^tra^nMj in Winter "rand Canton Ancona grmoute CHARGED WITH SMUGGLING VALUABLE DIAMONDS Treasury Officials Seize Two Gems of More Than Eighteen Carats Each From Turk in New York—Claims Queen of Sheba Once Wore Them " 'ore, January 14.—Treasury offi cials today seized from A. Anpikadjian. a resident of Constantinople, two egg sliaped diamonds of more than IS carats each which they said he had failed to declare to customs officials when he ar rived here October 19. Anpikadjian de clared the diamonds were artistic an tiques, free from duty, but that he had shown them to the customs officers and they had passed them. Anpikadjian said he had purchased the diamonds in the jewelry market at Con stantiople from an Egyptian princess who declared they had been in her family for centuries and had been worn at one '••••••••■••••••••••*»aa«aaaaaaaaaaaaaaaaaaaaaaaaaaa' time by the Queen ot Sheba. The dia monds were attached to two emeralds about one inch square, lie said, forming a large pair of ear rings. The emeralds were purchased by another dealer. Collector Malone received information sometime ago that several wealthv deal ers in precious stones had come to this country since the beginning of the war Officers were detailed to •investigate all foreign dealers who had arrived In this country- and to report upon conditions in the diamond and jewelry districts In this and other large cities in the I'nited States. Today s seizure, made when An pikadjian was offering the diamonds for sale to a diamond dealer, resulted from that investigation. ■•••••••■■aaaa-_ speculation upon a gigantic scale, hoping to monopolize the cotton market, are now earning a scanty living In a humble way. A Great Lesson In 1S96 the country learned a lesson which wise men will never forget. It had been asserted that the price of wheat, then very low, was due to the deprecia tion of silver. There was harvested In the fall of that year an excellent wheat crop, while in Europe the crop was a par tial failure. There came then a demand for American wheat to which the price speedily responded until at last, a few weeks before the presidential election, wheat touched,SI a bushel, while the de preciation of silver continued. Tho present price of wheat and the prices which will prevail for some time are occasioned by the demand from other Parts of the world. Had not the wheat harvest been record making with respect to amount, the price would have been still higher, for we should not have had as large a surplus as we do possess with which to meet the demand of the foreign markets. The farmers may not get tho highest market price for their wheat. That Is to say, their own sales may not be on a level with the highest market price. But they are to receive an enor mous amount of money and are now re ceiving vast sums, which go far to ex plain why business conditions in some Parts of the west are better than they are In the east and south. The south Is to be all right with respect to business as soon as the movement of ootton reaches the stupendous figure which It is bound to assume speedily. Within a few weeks, wheat from Ar gentina will be on its way to Europe, for the farmers of the Argentine Republic an now beginning to liarvest their crop. So, also, a little later, great stores of wheat that were harvested In southern Russia are likely to find their way through the Dardanelles to Europe, and these two factors will undoubtedly tend to depre ciate the price of American wheat. Prob ably before that time, however, the greater part of our surplus wheat will have been sold and either delivered or be on Its way to delivery in Europe. An Economic Question Some years ago James J. Hill pointed out, in one of his addresses, the danger which threatened the United States of a shurtage in meat products. So also, Howard Elliott, when president of the Northern Pacific railroad, urged the peo ple to whom his railroad afforded trans portation and distributing facilities so to diversify their work as to Increase the amount of animal products instead of giving almost exclusive attention to the raising of wheat. Now comes information from those who are qualified to speak that the warnings given by Mr. Hill, Mr. Elliott and others have not been generally heeded. The United States is producing less and less meat products, especially beef. The beef industry can be restored and can so be restored as to make possible reasonable I profits to the farmers and also lower prices to consumers. Some of those who are keenly interested In American pros perity are inclined to think that this prob lem of restoring the beef Industry Is as important as any which the American people must consider If thev are to main tain prosperity. There will be steadlly maintalned, possibly increased, the high prices for beef until the supply, as In former days, is equal to the demand and sufficient to provide a surplus for ex port. One of the best authorities has recently said that the farmer must re ceive practical encouragement—and by practical is meant not Ideal statements or generalization, but clear demonstra tion of what he may secure for himself in the way of reasonable returns—if he devotes more and more of his land to the raising of beef and especially ft he con ducts his farming business In such man ner that the 'crops and the cattle will fairly balance so that the disposition will be strong to push eaoh of these Industries to the utmost. While we are exporting wheat hi enormous quantities, there Is a blank space left opposite the words beef export." Thirty-five years ago Samuel ,T. Tilden, after his rsturn from Europe, which he visited immediately after Rutherford B. Haves was Inaugurated as president, stated in an address that our people aught to teach the people of continental Europe the value of Indian corn for food for human beings, showing to them the attractive ways In which It can be cooked. Governor Tilden asserted that if this were done we should In a few years lave a great market for this com mads nto meal. Now word comes from Europe that the emergencies of the war have nade ft possible for Americans who know how to cook Indian corn meal so that It ?an make many palatable dishes, to teach the people of war-stricken countries cook ing of this kind, with the results which lave been gratifying and which promise ultimately as large a use relatively of Indian com meal for food for men, women and children in Europe as is the ■ase in the United States. BOARD OF TRITSTEES OF AUBURN NAMED * . Montgomery, January 14—(Speoial.) Six members of tbs board of trustees c-f the Alabama Polytechnic institute at Auburn were appointed by the gov trnor and confirmed by the senate this morning. They are Oliver Hood of Sadsdsn. Harry Herzfeld of Alexander City. T. D. Samford of Opelika, Dr. W. H. Oates of Mobile, Charles S. Mc Dowell of Enfaula and W. K. Terry of Birmingham. Mr. Hood succeeds Wil liam F. Feagln, who resigned when he became state superintendent of educa tion. Mr. Herxfeld will succeed Judge V D. Denson of Lafayette, whose term has expired. Mr. Samford will succeed K. B. Barnes of Opelika. Mr. McDowell will take the position of H. L. Martin >f Osark, Dr. Oates will succeed Dr. r. 8. Frasier of Osark and Mr. Terry will ■ucceed himself' The terms of Mr. Hood ind Mr. Korsfeld will expire In 1111. ►chile those of tho other four are for IS years and will not end until 1327. STEAMER LIBELED BY EXPORT COMPANY M*M«M» * Savannah, January IS—The steamship l^utla. now at this port, has boon libeled * the Now Orleans Export company for IMW for failing to transport a cargo * ootton seed oaks to 81001(110101. Bwo ten. it Is claimed the owner* of tho rtearner have demanded an exorbitant relght Ate for transporting the cargo Moauso of tho now war risks. Tho eOUeotor of customs hero has been llrocted by wire not to grant clearanoa It QkoUMs** lh>V v*ndln* th* Mrvla*J .. \ i ■ HUNTSVILLE | Huntsville January *14.—(Special.) No changes were made in the officers of three of the banks of the city that held their annual elections yesterday. The institutions that elected officers were: First National Bank—R. E. Sprag lns, president: J. P. Butler, vice presi dent; R. S. Pulley, cashier; H. C. Band man, assistant cashier. Henderson National—Fox Henderson, president; M. R. Murray, vice president; Robert Murphree, cashier; R. I,. Adair, assistant cashier. The executive cammlttee of the Ten nessee Valley Teachers' association has announced a postponement of the an nual convention of the association from January 15 and 16 to February 6 and 6, in Huntsville. A large attendance is ex pected of teachers from all the counties of the Tennessee valley. The fact has been learned here that the Nashville, Chattanooga and St. Bouis railroad is buying materials for the reconstruction of its lines between Huntsville and Gadsden, wltich will in clude several miles of new track along the Tennessee river between Gunters vllle and Hobbs Island. It is stated that work will begin early In the spring. A humane society has been organized here witli a large membership to look after a closer observance of the laws against cruelty to animals. Mrs. Ed H. Grosser is chairman and she will ap point her working committees. The new soceity is an auxiliary of the Civic league. Bong trains bearing the Eleventh United States cavalry have been pass ing through here on the Southern rail way at intervals during the last 24 hours all being en route to Fort Ogle thorpe. Ga. The regiment has been on duty in Colorado several months keep ing order in the strike region. Robert Murray, Jr., young son of Mr. and Mrs. Roberf Murray, died yester day of membraneous croup at the coun try home of the family in Marshall county. The boy was a grandson of M. R. Murray, a prominent business man of this city. The body was brought here for interment. Mines Opened Houghton. Mich., January 14.—The Cop- 1 per Range Consolidate mines, operated on 1 half time since the beginning of the war. resumed full time today. The order af- 1 feets 2500 men. 1 OF HER DACIA Validity of Her Transfer to American Registry Ques tioned by England ljondon, January 14.—(7:05 p. m.)—Cabh advices to the foreign office today self that loading of the Hamburg-Amsricai steamship Dacia at Port Arthur. Tex. had been suspended. The hope Is enter tained in official circles that the tTnitec States will not permit the former Ger man vessel, validity of whose transfei to American 1 egisterv Is questioner!, tc enter the German cotton trade. The Washington suggestion that thf Dacia might carry cotton to Rotterdam instead of Bremen is not regarded by British officials as offering a solution. The foreign office is not disposed to de cide preoisely what action will be taken until It is known positively that the Dacia has sailed for Germany under the American flag. Even then it is probable a prominent official intimated, that hei cargo would be permitted to reach Its destination, but the vessel detained. If the facts in connection with her sale are as reported here. The foreign office announced today that the Swedish vessels Canton and New Sweden, from New York for Gothenburg, Itnd been released. The New Sweden left New York December 6. loaded chiefly with cotton, and was detained at Kirk wall, Orkney Islands, December 21. She was taken to the mouth of the Tyne December 2S. The Canton left New York November 17. was detained at the mouth of the Tyne December 15. but sailed for Gothenburg December 22. American owners of lumber cargoes which have been detained complain that the lumber is held until the charges against it exceed the invoice price. Dis putes concerning lumber are concerned ,'hlefly with port payments on bills of lading before the lumber left America, l'he British government claims that the title passed to German firms, while the American shippers say they retain the ;itle. Interested shippers declare tlie offlciaT British statement that only seven neutral essels now are in prize courts and only ive others are being detained In Kng islt ports for examination Is not a cor ■ect. indication of the amount of alleged ontraband being hold up, since thousands jf questioned consignments are stored n warehouses. EUFAULA | Eufaula, January 14. — (.Special.) Dnly a few changes were made in the >ersomiel of the board of directors of he three Eufaula banks by the stock tolders at their annual meetings this week. The stockholders of the Commer ■ial Nationul bank re-elected the fol owing board: J. P. Foy, C. p. Roberts, 1- boy, S. T. Rico J. M. Edmonson. The toard lias not. yet elected officers for :he ensuing year. At the Bank of Eufaula the followi ng dierectors were chosen: \V. B. Wild. B. E. Comer, George if. Dent, C. S. Mc Dowell. Jr., R. Moulthrop, H. C. Holle nan, Cliff A. I.ooke, N. W. Roberts, Dr. (V. S. Britt and J. Weil of Montgomery;, rite following officers were elected: President, W. B. Wild; vice president J. B. Comer; cashier, N. W. Roberts; issistant. cashier, C. E. Boyd; chairman, leorge H. Dent. At the East Alabama National bank, he old board was re-elected as fol ows: A. H. Merrill, A. M. Brown. A. K. • Time, Tide and Manhattan Shirts at Cut Prices Wait For No Man—So Get Busy! $1.50 Manhattans $2.00 Manhattans $2.50 WT1)T7n . , Manhattans E VE a very efficient hat man and an advance $3.00 showing of Knox Spring- Hats. Manhattans You have the head, we’ve the hat to fit—bring" it in. Everything Men and Boys Wear In the Heart of Birming ham Merrill, M. M. Berlnger and H. Schlosp. A. M. Merrill was re-elected president and A. M. Brown cashier. Former Mayor C. s. McDowell, Jr., has been appointed by the governor as trus tee for the Third congressional dis trict for the Alabama Polytechnic school, at Auburn. Colonel McDowell is now a trustee of the normal school board of the state. J. T. Watt of Auburn state farm demonstrator, and A. F. Whitehead of Greenville, district demonstrator, am spending several days In the city, with the view of appointing.a demonstrator for Barbour county. A number of young men, who have both theoretical and practical qualifications, are seeking the position, which has been vacant sinco the resignation of 10. Dingo some months ago. Barhour County Banner Suspends Eufaula. January 14.—(Special.)—The Barbour County Banner, which has been published weekly at. Clayton for the past year by J. IV. Mapoles. has sus pended publication, the current issue be ing the last to appear. In its announce ment of suspension the Banner stated that It. would resume publication as soon as there is Improvement in general tinancial conditions. Mr. Mapoles Is now connected with a local newspaper. Bloodhounds Don’t Convict Jfuksun, Miss., January 14.—(Special.) There have been no new developments in the $2000 diamond robbery at the home of J- B. Sterling, president of the First Na tional bank, but the police are still at work on the ease. The four negroes run down In hounds yesterday are still eon 11 nod In tlie city Jail, but there does not seem to be anything like convincing evi dence against them. The supreme court has declared time and again that blood hound testimony does not convict when unsupported by other testimony. Weds Prince Berlin, January 14.—(Via' London 10:30 p. m.)—Mias Elizabeth Rogers, daughter of Mr. and Mrs. Richard Reid Rogers of Washington, D, c., was married today in Trinity church to Prince Christian of Hesse. The prince is a nephew of the German Empress, and Is a captain In the i German navy. MRS. SAGE TO GIVE BIG I SUM TO PRINCETON Princeton, X. J., January 14. Princeton | university will receive a quarter of a million dollars from Mrs. Russell Sage, provided a like amount is raised by July 1. according to announcement today by the university's trustees. The donation is for a new university dining hall. Al ready $75,000 has been raised toward the needed $'250,000. A committee was appointed by the board to consider the question of contin uing compulsory weekday chapel service. Henry C. Frick of Pittsburg was elect- ■ ed a life trustee of the university. Merchant Convicted of Arson Jackson, Miss.. January 14— (Special.)—T. j M. Henry, state insurance commissioner, has been advised of tlie conviction of C. C. White, a merchant of Water Valley, on the charge of arson, and that a sen tence of seven years in the penitentiary was Imposed by the court. White carried $1800 Insurance on his stock and $1200 on , the fixtures, but after his flue he put in a claim of only $5.75 for damages. 11 ¥ 1 ... * El) INGE SHOT AND WOUNDED Dothan. January 14 — (Special.)—Ed Ing. t well-known man of this city, was shot tml seriously wounded Tuesday night by in unknown taxicab driver. Inge Is In t local hospital with chances or reeov sry said to he slight. Inge and A M. Stephens, both of Do hail, hired an automobile to bring them mine from Columbia. When Dothan was cached a difficulty arose over the fare, nge is said to have drawn a pistol, thereupon (lie driver promptly shot him [’he lmllet entered through his hip. anged under the tongue and lodged In .lie neck. N’o arrests have been made In the ease 10 far. —— ■ ■- - - «•— ■ ■ ■ ■..» (Germans Court mart iuled Casa Blanca. Morocco. Januarv 14. (Via Jarls, 12:l!o a. m.)—Three Germans. ICnrl Goke, Neprekorn ami Grunler, charged vlth having been Instrumental In or ninissing recent revolts of natives, are >oins tried by court-martial. They are ac cused of espionage. —1 .....1 M—■ ■ Investment Securities Dividends on our prefered stock begin on the day the stock is issued. The shares can be purchased at one hun dred dollars each, any pay ment therefor made in monthly installments. Amply seemed first mortgages for sale. I Realty Trust Company JOHN H. FRYE, President Capital $500,000.00 [¥Brown Trading Stamps FREE TC 1AYI In the Rummage Sale Today ’“xss.Today With Purchases of $1.00 or More. Present Coupon W Have you been down to rummage with us? If not, you should by all means be Kavfaam.ovv’iV'’' <t0<1,y> here today and Saturday, for we will have bargains that will make you open your J^'a* eyes and by far the greatest values ever before offered at the )l‘ice in addition ordinarily obtain with your purchase. , y • tj m i. . . . . CAHEEN BROS. we give Brown Trading Stamps with the cash purchase of every 10c. | (Age-Herald) / j! |8 _____ Rummage Sale of High Class Tailored Suits, Values to $45, Rummage Sale Price $9.9$ Come early today and secure one of these fine Suits before they are all sold. Just 65 Suits left from this season’s selling. All the latest and best models and the most stylish materials of the season. QQ QQ Suits worth from $25 to $45. All sizes. Rummage Sale.... Positively none exchanged or taken back. Silk and Wool Dresses, Values to $15, Rummage Sale $1.98 A Rummage Sale of 85 Silk and Wool Dresses, all good colors and black; sizes up to 40 bust. Dresses formerly sold up Q*| QQ to $15.00, Rummage Sale .tPl»vO None exchanged or taken back. $20 White Fox Sets ’Clock kmmage Sale $5.98 Buy one of theso handsome White Fur Sets. Only 16 sets left. Former ; ly selling at $20.00. F6r a quick sale we offer QP? QQ them today from 9 to 12 o’clock, choice-. Silk Crepe de Chine Waists, $3.50 Values, Now $1.98 A Rummage Sale of Crepe de Chine Waists,.all colors and white; for j merly selling up to $3.50. All sizes to select from. $7.50 Stylish Wool Skirts $3.98 Today all day long we offer any Skirt in stock worth up to $7.50.; black " and all colors; all the best and most stylish models; QQ values to $7.50. Rummage Sale ... wO»t/0 0 Ladies’ Muslin Drawers 19c Pair Today’s special sale of Ladies’ Muslin Drawers, circular style, hem stitched with neat little tucks; made of extra good quality of cambric; i j open and closed styles; worth 35c a pair. *| Q Rummage Sale, pair... A Muslin Gowns 39c Today’s big sale of Muslin Gowns. Our New York buyer sent us 50 3 dozen Muslin Gowns, bought at a big sacrifice sale. All those who ap preciate values are invited to be here early this morning. 'These are ex ceptional values, trimmed in lace and embroidery; QQ« cut full width and length. Rummage Sale.OwC Rummage Sale Muslin Skirts 49c Twenty-five dozen Muslin Skirts go on sale special for today. These are all new and special values. ?