The Birmingham age-herald. [volume], January 15, 1915, Page 3, Image 3

About The Birmingham age-herald. [volume] (Birmingham, Ala.) 1902-1950

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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. ?