The Birmingham age-herald. [volume], December 31, 1924, Page 13, Image 13

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

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W0R1
Fill
RS SONS
COLLIES,
SURVEY SHOWS
Greatest Increase In Stu
dents Consists Of Chfl
Of Skilled Men
college
In stud
skilled
The only other
elaaa able to aend
more of their chil
dren to college
than formerly are
bualneaa men.
The moat aerioua
decrease haa oc
curred In the chil
dren of agrlcultur
allata.
But a decrease la
alao ahovn in the
children of profes
sional men, Includ
ing ministers, law
yers, doctors, teach
ers, dentists and
librarians.
Retail merchants
apparently have
prospered more
than manufacturers,
“■ Judging by the num
ber of their children able to attend col
lege. Under the beading of the busi
ness men’s children the most notable
Increases come from the homes of our
butchers, grocers, and coal merchants,
ft’t aurant keepers alao show up well.
"1.° dry goods business makes a rather
poor showing.
These facts come from records com
piled by the University of Illinois, for
the ten year period, 1913-1923. Total
registration Increased 141 per cent.
But the Increase in children or wards
of farmer folk increased only 70 per
cent. Those of skilled laborers no less
than 247 per cent; much the greatest
gain of all.
Business shows an Increase of 169 per
cent.
All other classes show decreases.
The College of Agriculture at the
tame university reveals a similarly un
pleasant picture of economic and edu
cational conditions farmwise.
Less than 43 per cent of the 706 stud
ents last year came from the soil.
Some 37 per cent of the total presum
ably, a large proportion, of youths not
bred and born on fannst
Contrast this with the) showing made
at the university by the children of
parents engaged in other occupations.
Between 1913 and 1923, as Glenn Crls
WOld points out, the registration of the
children of carpenters, increased from
52 to 318, mechanics from 52 to 114,
electricians from nothing to 22, barbers
from 16 to 31, miners from 19 to 55,
painters from 8 to 37, plumbers from
4 to 85, tailors from 18 to 56.
The total of 994 children of skilled
laborers registered last year contrasted
with 244' In 1913.
No fewer than 165 children of un
skilled laborers were attending the
university last year, Including 16 chil
dren ot teamsters, 11 ok janitors, 8 of
watchmen, 6 of sextons gtnd 2 of hotel
porters.
The .most striking feature of these
figures are the severe drop In agricultu
ral students and the notable Increase
In students from the homes of work
men.
What is the future likely to have In
store for sons of farmers?
My belief is that we are destined to
wltneas in this country an evolution in
sericulture similar to the evolution
smich has been under way in indus
tjmv during the last 25 years. 1 believe
His are going to see large scale agri
ralture Just as we now have large
jeale manufacturing, distributing and
retailing.
Operating an ordinary farm does not
hold out a glittering appeal to the ma
lorlty of university-trained young men
sf energy and ambition. These youths
want a broader field, a bigger stage
for the exercise of their education and
talents. The ordinary farm does not
promise a big enough fortune for the
go-getting young American of today.
Bnt the progressive American farm of
tomorrow is to be a very different In
stitution from the farnf. of yesterday.
The multiplication of labor saving ma
chinery and implements,, the advent of
the, tractor, the motor truck, the auto
mobile, the arrival of good roads, and
above all, the prospective availability
of unlimited electric power are combin
ing and will combine to make 'large
scale agriculture feasible and profit
able. This has already been demon
strated in several states.
The prospect Is, therefore, that by
and by agriculture will hold out oppor
tunities rivalling those of industry, fi
nance and transportation. America
will raise up Napoleons of agriculture
just as we have raised up Napoleons
1 ot finance and industry and trans
portation. And large scale agriculture
will be able to send Its sons to uni
versities in numbers matching those
from city homes.
As for the showing made by sons
of workmen, it is to be welcomed hear
tily. The solution of virtually all our
economic and social problems must
come from the spread of education,
from fuller understanding of funda
mentals, from a continuance of the
happy process so characteristic of the
nation by which the laborer of today
becomes the employer of tomorrow.
Is * college education worth whilst
My humble opinion U that It ia.
Morris Avenue
BIRMINGHAM PRODUCE
(Bell-Rogers Produce Co.. Morris Ave.)
(We quote subject to market changes.)
BARREL APPLES
Delicious. 2^4-In. .$•.#•
Wlnseps, 2%-In.8.00
Bteymana, fancy .8.00
BUymans. choice . 8.00
Black Twigs, 2ti-ln.8.00
Yorks, 2ti-ln...8.50
BOX APPLES
Spit*. extra fancy ....8.50
Btsymans, eitra fancy . 3.50
Jonathans, extra fancy .8.50
Black Twigs, extra fancy ..3.50
Ortleys. extra fancy .3.2J
Delicious, / -wncy .8-50
Bpitfc tua .'••••
Buyiunns. foacy .
Joa.th.Ds, fancy .
Black Twigs. fancy .
Ortleys, fancy .. 3-uu
BASKET APPLES
8taymans. large size .. 8.00
Changes, fancy. 120 to 216. 4.00
Oranges, fancy, 250 to 288. 3.25
Tangerines, half boxes . 3.75
Lemons. California ...
.?!??■
Bananas. 9 s ...- • • • • *V
Crapes, Emperor, kegs .
Grapefruit, 46 to 80 . J-*;®
Grapefruit. 96’s . s ou
VEGETABLES
Cranberries, fancy Howes. ®-®J
Cranberries, 20, boxes .. 4.00
Cauliflower . 3.25
Celery, California . J.50
Celery. California, dozen. 1-50
Carrots, pound . 05
Lettuce. Iceberg .
Lettuce. Iceberg, dozen . J*J®
Tomatoes, six-basket crates . 5.o0
Garlic ..
Cabbage, new, green, crate.4.00
Cabbage, Danish ...3 tie
Rutabagas, 100, sseks .
llfltabugas. .50 lots . 3c
Irish potatoes, wiilte . Zc
Irish potatoes. Colorado . ftic
Sweet potatoes . 3tic
Onions, red . 5c
Onions. Spanish, crate . 2.75
Bed Kidney Beans .c.13ti
rtnk . fij'
Hnto ... f
Great Northern . Stic
Navy . 8c
Blackeyes . **«
London layer raisins . 2.50
London layer clusters . 8.00
Braall nuts . .20
Walnuts, King State .30
Walunta, California budded .38
Blsck walnuts . 05
recans, paper shell .*.. 50
Ox-oanuts . *-50
Checkers . l
i'eanuta, Bed Spanish . .09
Peanuts. Alabama .08
Peanuts, fancy Virginia .11
Peanuts, roasted . 15
Nick.i Buck .
l>»y, at 49 . J-JJ
Chest uf Gold . J-O
Marshmallows . l-»o
Sizes of box apples run «t foilowa: Spitz. 125.
138 150; Jonathans. 117, 125; Btaymans. 113. 125;
Ortleys, 125. 138. 150; Black Twigs. 72. 30. 88.
99; Delict^ 72, *0, 81.
IV
Employment Losses Shown
Only In Northwest Tier
BBGoooGaii
CTSliohtGawob
I IO»<WIT» t-o»t
THE above map plcturizes employ
ment conditions state by state
as they existed during November
In comparison with October. The may,
as based upon reports made to the
United States employment servioe
shows that only in the northeastern
section of the country was there a
definite November loss in the number
of employes at work. These losses,
moreover, were largely seasonal, due
to the release of workers from agricul
ture.
Most other states ended November
with a slight gain In employment. And
a few states experienced a gain that
on the whole might be termed good.
These were: Pennsylvania, Wisconsin,
Missouri, Iowa, Kansas, Mississippi,
New York, Nebraska, New Mexico,
Arizona. Detailed reports as issued by
state departments of labor In Penn
sylvania and New York, show gains
for the month of less than one per
cent. Therefore, lest there by dispute
COTTON LETTERS
NEW ORLEANS, Dec. 30.—Under
tone of the market was not, so good
today owing to some realizing, influ- (
enced by larger world supply state
ment. While the world’s carry-over
for the clos* of this season July 81.
1926, Is estimated at 7,796,000 bales, It
would compare with last year’s small
est on record of 6,933,000 and would
compare with the 6-year pre-war aver
age of 9,000,000 to 10,000,000 In the 1910
the world's carry-over of all kinds was
14,762,000 bales, of which American
alone was 9,351,000. Exports from the
United States continue free since Fri
day 128,000 bales vs. 188,000 last year,
thus far this season 4,198,000 against
3,184,000. The cotton goods markets of
the north are somewhat more active
and tending higher. There having
been some Improvement In _ the demand
for goods. In view of prospects for
the continuance of large exports, from
the United States and probably large
mill takings we favor buying for a
turn.—H. and B. Beer to J.. F. WU
llngha m& Co.
NEW YORK, Dec. 30.—Towards the
close of yesterday, some profit taking
appeared and this profit taking con
tinued today, catching some stop orders.
The liquidation was of a very mild
character and can be attributed more
to profit taking than anything else.
It was evidentJJiat the trade still con
tinued to buy, ’^r they absorbed con
tracts the way down. Some selling of
October took place on the beneficial
rains that fell over Texas. The mar
ket Continues to act very steady and
it is quite natural to have these set
backs after advances like we have had
in the last week. The action of the
market seems based on continued talk
of gradual expansion of trade and the
belief that the coming year a much
larger business will be done through
out the entire world. The declines to
day can possibly be attributed to the
uneasiness in the stock market. Trade
reports continue to be favorable and
the spot situation is very steady
throughout the belt. Liverpool futures
are due tomorrow: January* 13.26c;
March, 13.32c.—Hubbard Bros. A Co.
NEW ORLEANS, Dec. 30.—Traders
in cotton were more In a mood to cash
their profits than to take on new com
mitments over the holidays and prices
slipped 20 to 30 points. Estimates from
the department of agriculture of world’s
crop of cotton of about 23,300,000 bales
this year compared with 19,300,000 last
year and a five year pre-war average
of 23,580,000 furnished the incentive for
most of the selling, as it shows an in
crease of four million over last season.
There was also reported to be some
selling to fix income tax returns. We
believe the underlying Influences are
bullish and that reactions will prove
temporary.—Fenner and Beane td Kahn
and Virgin.
NEW YORK, Dec. 30.—After opening
about unchanged, the cotton market
came under the pressure of southern
selling, liquidation by smaller longs and
some local selling, this increased dur
ing the day, the lowest prices being
made in the afternoon on stop orders.
Support was rather indifferent during
the entire session. Gossip around the
room was that the large longs who
came into the market recently still
have the bulk of their cotton. The
only Item of news that might be con
strued as bearish was the government
figure on world production of cotton,
nearly 6,000,000 more than last season.
Sentiment become more doubtful as to
whether under existing supply and de
mand conditions cotton can be suc
cessfully bulled from this price.—John
F. Clark A Co.
I -+*
STOCK LETTERS
NEW YORK, Dec. 30.—If the stock
> market had not been very solidly con
structed the selling which occurred to
day would have caused much more
damage to prices than It actually did.
The violent rises of last week Inspired
profit taking, notably In American
Locomotive, Smelters, Generals Motors,
Cerro de Pasco, Kennecott, Chill,
United States Steel and Anaconda.
While Radio Is expected to sell consid
erably higher, the rise of today sug
gests that profit taking In substantial
quantity is now in this stock around
60.—Steiner, Rouse & Stroock.
NEW YORK, Dec. SO.—Today's stock
operations were of a rather mixed char
acter. Prices at the opening were
somewhat lower, but with some excep
tions. Radio, after opening 1% lower,
rallied to a new high on a heavy turn
over. Famous Players was In good
demand at higher levels due to an
nouncement yesterday that the com
pany had paid off its bank loans. To
wards the close the weight of the sell
ing made Its affect and the market
closed at practically the lowest prices
of the day. The market, however, again
gave evidence of its ability to digest li
quidation without much loss In values.
—Fenner and Reane to Kahn and Vir
gin.
NEW YORIC Dec. 20.—Fundamental
conditions In the stock market are as
sound as they have been at any time
In recent years despite the rather gen
eral disposition to reduce commitments
today. The outlook for business is
brilliant. Progress Is being made In
many directions. The only doubt that
exists at all is to the market’s tech
nical position and many are anticipat
ing an important reaction. It is ad
visable that the possibility of this be
kept constantly In mind. It may
come when least expected but from
all present indications, such reaction
would be a 'temporary matter.—John
F. Clark & Co.
MARKETS AT A GLANCE
NEW YORK.—Stocks mixed; General
Electric at new high. Bonds Irregular;
foreign issues lower. Foreign exchanges
firm; sterling at new high and reacts
slightly. Cotton lower; beneficial rains
in Texas. Sugar quiet and featureless.
Coffee weak; European selling.
CHICAGO.—Wheat weak; lack export
demand. Corn lower; Increasing stocks.
Cattle unevenly lower. Hogs steady to
lower; heavy receipts.
FLAX MARKET
DULUTH, Minn., Dec. 30.—Close flax.
December, $3.01; January, $3.02; May,
$3.04, ,
with the foregoing map, It should be
pointed out that In such industrial
states the number of workers Is very
large. A gain of one per cent, there
fore, means a considerable number of
additional employes at work.
Then, too, in some states listed as
showing only very slight or practically
no gain, this listing was due to the
fact that employment conditions in
October were good or normal. There
is Texas where Industrial employment
conditions are reported as highly satis
factory for this season of the year. And
New Jersey reports Indicate a satis-*
factory state of employment, despite
the only slight gains in November.
Ail in all, it appears as though the
recent revival of industrial activity
has begun to reflect itself in a larger
volume of employment. In this con
nection, it should be noted that em
ployment In 1924 did not fall off as
severely proportionately as the volume
of production.
LIVESTOCK
LOUISVILLE, Ky„ Dec. 30.—Cattle,
100; strong; heavy steers, $7.50@8.50:
beef steers, $4.60(98.00;• heifers, $4.00®
8.00; cows, $2.25(96.00; feeders, $4.50®
6.60; stockers, 3.00@5.50.
Hogs, 600; steady to 25c higher; 176
pounds up. $11.00; 130 to 175 pounds,
9.50; pigs, $7.75 down; throw outs, $9.50
down.
Sheep, 50; steady.
NASHVILLE. Tenn., Dec. 30.—Cattle,
100; steady; heavy steers, $6.6097.00; 1
beef steers, $6.00(36.00; heifers, $5.00®
6.00; cows, $3.05(3 4.50; feeders, $4.50®
5.50; stockers, $2.50@4.50.
Hogs, 700; steady; 180 pounds and up,
$11.00; 136 to 180 pounds, $9.75; heavy
pigs, $8.25; light pigs, $7.50; throw
outs, $9.50 down.
Sheep, 100; steady; choice fat Iambs,
$10.00@11.00; good fat Iambs, $7.50@8.00;
cull iambs, $5.00@6.00; sheep, $1.00®
4.50.
KANSAS CITY, Mo., Dec. 30.—Cat
tle, 11,000; calves, 2,000: lew early
sales handy weight steers about steady;
most bids 13 to 20c lower; she stock
slow; early sales steady to 15c lower;
bulk butcher cows and heifers^ $3.50®
6.50; canners and cutters, $3.25; bulls
strong; native bolognas upward to
$14.60.
Calves opened strong; closing weak
to lower; practical top veals, $10.00; few
up to $10.50; heavy calves, $4.60®
6.76; Stockers and feeders scarce, about
steady; Stockers, $6.00®6.75.
Hogs, receipts, 12,000; market slow,
5 to 14c lower; bulk of sales, $10.10®
10.40; little doing on lighter weights;
shipping pigs unevenly higher; 110 to
130 pound pigs, $8.00®9.00; packing
sows, steady; mostly $10.00.
Sheep, receipts, 2,000; wooled lambs,
50 to 15c lower; mostly 75c lower; fed
lots largely $17.00@17.50; clippers around
25c lower; best. $14.25; sheep steady to
strong; top ewes, $9.50.
CINCINNATI, Ohio, Dec. 30.—Hogs,
receipts, 6,000; active and steady;
heavy, $11.25; packers and butchers,
$11.25; mediums, $10.75; stags, 5.00%
7.00; heavy fat sows, $5.00®9.60; pigs
and lights, $5.00@9.75.
Cattle, receipts, 300; steady.
Calves choice $1 higher; medium and
common steady, $4.00@16.00.
Sheep, receipts, 150; strong. Lambs,
strong.
EAST ST. LOUIS, Dec. 30.—Hogs: Re
ceipts 20,000; early trade mostly 10c
lower; late and closing tone around 25c
lower; top $10.90; early best hogs, $10.80
and down late; bulk 190 pounds and up,
$10.60010.75; 170 to 180 pounds, $10.36®
10.60; ' 160 to 170 pounds, $10.15®10.35;
light, lights and pigs generally steady;
bulk 140 to 160 pounds, $9.50@10; 130
pounds, $9.00 09.25; light pigs, $8.50®
9.00; packer sows, $9.50@9.65.
Cattle: Receipts 6,000; good beef
steerB steady; common and medium
kinds, 15 to 25c lower; few sales, $6.00
08.50; heifers and beef cows steady;
some heifers, $6.2o@8.85; cows largely
$3.7604.75; canners about steady at $2.10
®2.26; bologna bulls active and un
evenly higher; bulk $4.0004.75; good
and choice light vealers opened at $15.00
® 15.50; closed $14.
Sheep: Receipts 2,500; fat lambs, $1
lower; bulk $16.75017.00; culls, $12; aged
sheep steady; light ewes, $8.0008.50;
heavies, $708.
CHICAGO, Dec. 30.—Cattle; Re
ceipts, 23,000; beef steers and yearlings
generally 25c lower; spots off more;
choice yearlings absent; bulk fed
steers and yearlings $7.25010.00; handy
weights, $11.25; best yearlings, $11.50; she
stock weak to 25c lower; bulk butcher
cows and heifers, $4®7; bulls steady
to strong; heavy bolognas upward to
$6; calves $1 to 2 lower, largely to
packers at $9.50@11.00.
Hogs: Receipts 73,000; closing fully
steady; all Interests buying; bulk de
sirable $200 to 300-pound averages, $10.40
@10.95; 170 to 190-pound kind mostly,
$9,90@10.35; 140 to 160-pound kind, $9.60
@9.85; pigs tully 26c lower; bulk strong
weight slaughter pigs, $8.75@9.00; most
packing sows, $10.10010.35.
Sheep. Receipts 36,000; extremely
dull; tat lambs, 75c to $1 lower; bulk
early $17.60@18.00; fall shorn clipped
$14.50; tat sheep 50 to 76c lower; feed
ing lambs, 60c to $1 lower; choice offer
ings, $16.
HORSES AND MULES
EAST ST. LOUIS, Dec. 80.—Horses
and mules, steady; unchanged.
POULTRY AND PRODUCE
NEW YORK, Dec. 30.—Live poultry
steady. Chickens by express, 32@35c;
fowls by freight, 25@35e; turkeys, by
express, 30@45c. Dressed poultry steady
prices unchanged.
Butter steady; receipts, 11,882. Eggs
Irregular; receipts 18,172. Fresh gath
ered extra firsts, 60@62c; ditto firsts,
56® 59c; do seconds, 53@56c; nearby
and nearby Western hennery whites,
firsts to average extras, 62@68c; Pa
cific coast whites, extras, 67@68c; do
firsts to extra firsts, 62@66%c; refrige
rator firsts, 43@44Mic.
Cheese, firm; receipts, 227,350 pounds.
State, whole milk, flats, fresh, fancy
to fancy specials, 23@23Vic; do average
run, 22'Ac-, state whole milk flats held
fancy to fancy specials, 24@25c; do av
erage run, 22Mi@23V4c.
CHICAGO, Dec. 30.—Poultry alive
higher; fowls, 16@25c; springs, 26c;
roosters, 16c; turkeys, 30c; ducks, 27c;
geese, 82c.
Butter, lower; creamery extras, 42c;
standards, 40Vic; extra firsts, 40.@41c;
firsts, 36Vt038>wc; second, 32‘,4@34%c.
Eggs, lower; receipts, 3,603 cases; firsts,
60@54%c; ordinary firsts. 38@42c; re
frigerator; extras, 41@41V>c; firsts, 39@
40c.
KANSAS CITY. Dec. 30.—Hens, lc
higher, 21c; other produce unchanged.
ST. LOUIS, Dec. 30.—Poultry, butter
and eggs unchanged.
FOREION MONEY
NEW YORK, De<*. 30.—Bar silver,
66Vj; Mexican dollars, 51V4.
FLOUR MARKET
MINNEAPOLIS, Dec. 30.—Flour un
changed to 20c lower; family patents,
$9.4009.45 a barrel; shipments, 36,501
barrels. Bran, $32.00.
PROFIT SALES
BRING DECLINES
IN ALL MARKETS
General Recession Most
Marked In Stocks
And Wheat
By TODD W. WRIGHT
(Leaned Wire to Age-Herald)
NEW YORK, Dec. 30.—Profit taking
In the major financial markets today
caused a general recession of prices,
which was most marked In the stocks,
where*, despite remarkable absorptive
powers, the heavy realizing sales made
themselves felt and the market closed
Irregularly lower.
While profit taking was a large fac
tor in the selling, shorts who had been
on the wrong side of the market did
considerable buying to establish their
losses, as this W’as the last day such
losses would be registered except by
sales for cash.
Few Exceptions
There were a few issues that were ex
ceptions, prominent among them being
General Electric, which soared to 307 ^
on anticipation and in response to the
announcement of segregation of the
company’s .electric bond and share hold
ings. Late in the day, however, after
announcement had been made, traders
took their profit and the stock fell to
297, a loss of nearly 3 points for the
day.
Realizing sales were also the order
of the day in the commodity markets,
where less resistance was shown m
the stocks, and prices in wheat broke
over 4 cents a bushel on a tremendous
volume of selling. Cotton also felt the
profit taking and closed about 20 points
lower. ,
Bonds Close Lower
Bonds were also subject t<> profit
taking and close generally lower after
a day of much activity in the foreign
government bonds, especially the
French and German 7s, which suffered
fractional losses on a heavy turnover.
Foreign exchanges were the one ex
ception of the day, with their strength
of the past few days unweakened. Ster
ling continued to lead with a good ad
vance, reaching another hew high since
early In 1919 at $4.73%, which dropped
a little, however, in the late dealings.
French francs were also strong and
gained about 2 points.
Wall Street Briefs
Organization of the Industrial Ac
ceptance Corporation, capitalized at
$6,760,000 which will finance Studebaker
dealers, has been completed and will
begin operations January 1. Arthur
J Morris is president. The new com
pany Is affiliated with the Industrial
Finance Corporation which previously
has handled this class of business for
the Studebaker dealer organization. It
will extend operations to Europe and
South America, chiefly Brazil and Ar- j
gentlna, heretofore limited to the
United States and Canada.
One hundred and seventy - three
stocks sell "ex-dividend" tomorrow and
stockholders In 270 corporations receive
dividend checks from companies which
have already authorized such pay
ments. Among the issues to sell “ex”
are Air Reducalton, Beechnut Packing,
National Biscuit, Northern Pacific,
American Can, United States Industrial
Alcohol, Westlnghouse Airbrake and
Westlnkghouse Electric and Manufac
turing.
Common stocks of mall order houses
which have recently displayed strength
and activity, reflect the prosperity this
form of merchandising has enjoyed this
year. Montgomery Ward common, sell
ing last Friday at 48, more than dou
bled its price in 1924, while Sears Roe
buck common had advanced to 74H
points to a high of 163. Montgomery
Ward's business for the 11 months was
more than $142,500,000 and the heavy
holiday buying is expected to carry
the total to $160,000,000 which would
be double the sales In 1921. Sears
Roebuck sales this year are estimated
at close to $220,000,000, about $5,000,000
more than last year and about $42,000,
000 greater than 1921.
Earnings of the United States Smelt
ing Refining and Mining company in
1924 will be sufficient, it Is estimated,
to leave a small surplus after paying
dividends on the preferred stock. De
ductions for amortization depreciation
and depiction, which come ahead of
preferred dividends, will be approxi
mately $3,440,000. There is no talk of a
dividend on the common stock at this
time. The, tegular quarterly preferred
dividend was declared today at the
annual rate of $3.50 a share.
New offerings today included 20.000
shares of Birmingham Electric company,
cumulative preferred stock, -no par value
at $98 a share and accrued dividends to
yield 7.14 per cent. The stock pay divi
ders of $7 a year. The company does
virtually the entire commercial elec
tric, gas and street railway business in
Birmingham, Fairfield and Bessemer,
Ala., and electric or street railway busi
ness in adjacent communities.
Great Britain’s Import of cotton from
the United States this year up to No
vember 28 Increased to 768,000 bales,
compared with 671,000 hales in the same
period last year, according to the
Bankers Trust company. Total Im
ports were 1,089,000 bales, an increase
of 146,000 bales. Conditions in the Lan
cashire cotton industry were said to be
distinctly more favorable.
Following the offering of $3,00»',000
preferred stock of the Universal Pic
tures company this week bankers an
nounced today that an additional issue
of 20,000 shares of common stock would
be offered for public subscription at
about $27 a share. Net earnings appli
cable to the common stock this year, it
was said, had been running at the an
nual rate of more than $4 a share.
Until final 1924 earnings of the Chi
cago, Milwaukee and St. Paul are com
puted, the committee appointed to study
the road’s refunding problem feels no
definite move should be made, accord
ing to H. E. Beyram, president. These
results would not be known before
February, and be thought the refinanc
ing decision would await their out
come. t
New mill construction at McDonald,
Ohio, to cost $5,000,000, is planned by
the Carnegie Steel company, subsidiary
of the United States Steel corporation.
The company has asked for bids.
DRY GOODS
NEW YORK, Dec. 30.- -Cotton cloth
markets were firmer today with the
demand for sheetings showing some
broadening and print cloths in steady
request for delivery in the first quar
ter of the year. Burlaps were steadier
on cables from Calcutta. Raw silk
markets were firmer here and abroad
as weavers and knitters started to meet
spring requirements. Some advance
business was placed on wool goods
without the formality of an opening
on the theory that prices were more
favorable than they might be later
at the openings. Floor covering mer
chants continued to report a good trade
with prices hardening.
POTATO MARKET
CHICAGO, Dec. 30.— Potatoes early
trading rather slow, market firm; re
ceipts 44 cars, total United States ship
ments 277; Wisconsin sacked round
whites, $1.1501.26; few, $1.10; bulk,
$1.25*41.35; one car ordinary condition,
$1.10.
RAW SILK
NEW YORK, Dec. 30.—Raw
steady, unchanged.
silk
CARDINAL GlfiiGI
Koine
Italian Prelate Sucrumw In
Was In 65th Vear
HOME, Dec. S'.'.—(By Associated
Press.)—Canlinal oreste Ciorgi died of
jii.emnonia at his residency in the I’al
azzo Atleuv j here t. diy, 1(1,his tiUtli
year was horn in \jaUnontone,
It; y i> .d w a ■ created a cardinal Dc
iejnVr I 1
J
Men And
Markets
- By P. F. B. |
From every dollar the United States
government collects only 22.52 cents go
to administrative work. 37.60 cents go
to the army, navy, pension! and veter
ans; while 39.88 cent# go to pay In
terest on debts and sinking fund. Past
debts cause the biggest strain on our
national dollar. The national govern
ment, however, Is taking a sensible
course by budgeting its expenses and
refraining fron? additional borrowing.
The situation will eventually Improve.
Our state and municipal governments,
however, show little interest . in the
budgeting of expenses and are. con
tinuing their orgy of borrowing. What
sort of a legacy are we passing on to
our- children!
The railroads rush to buy equipment
before the year ends. T.arge orders
for rails have been placed, one system
alone having ordered 41,000 tons; while
orders for 10,000 to 12,000 cars are
likely for this last week of 1924. Dur
ing 1924 capital expenditures on rail
roads have substantially increased, the
amount authorised being more than
$565,000,000 as compared to $377,000,000
for 1023. Since 1917 the railroads have
bought 500,000 freight cars and 8,000
of the most powerful locomotives of
an approximate cost of $1,600,000,000.
In 1924 more mileage has been under
construction than at any time since
the war. This.,expansion, together with
the general favorable earnings, and the
recent activity of rail securities would
seem to crown 1924 as a railroad year.
The steel Industry looks bright for
1925. Production Is now on a high
plane and the mills are filled with or
ders. The Iron Trade Review states:
"Some mills are obligated with 50 per
cent more tonnage than a year ago, and
the new year is starting with an un
usually favorable combination of
fundamental factors.” The Iron Age
says of the situation: "The more con
fident leaders in the industry now
speak with more assurance concerning
the first six months of 1925. whereas
recently their expressions were limited
to the first quarter." The condition
of the steel industry affords an indica
tion of the condition of general busi
ness, and is one more factor which
seems to indicate increased prosperity
in 1925.
One million one hundred and ninety
two thousand tons of sugar, both cane
and beet, is reported as the production
in -the United States this year. This
cargo with 1,043,000 tons produced in
1923, and 970 000 in 1922. Cane sugar
production has been steadily decreas
ing to the advantage of the beet grow
ers.
An Increase in the hours of work Is
the finding of the National Industrial
conference board. Fifty hours is the
nominal week for the first nine months
of the year in the 23 basic Industries se
lected. The wage earner, however, was
employed only 45.l\ hours in July and
this increased to 46.4 hours in Septem
ber which shows 7.2 per cent lost time
as compared to 3.4 per cent lost time in
September, 1923. We sometimes wonder
if the discussion of the wage rate does
not blind the question of steady em
ployment.? We have known of cases
where, through the willing reduction
of the wage rate, a concern has de
creased the price of its product and
thereby been able to increase produc
tion resulting in steady employment
and a greater total wage received by
the employee.
Half a million farmers have been
asked to report this month to the
United States department of agricul
ture on the number of cows and heif
ers kept for milk this year compared
to last year; and the number of hens
and pullets of laying age. The pur
pose of this is to form a basis for
forecasting production and market sup
plies and thus enable the farmer, to
more nearly adjust production to the
demand. A similar survey was made
two years ago in connection with hogs,
end. because of its success the plan is
extended to dairy cows and poultry.
It is constructive work in the right di
rection.
Cotton exports for the first eleven
months of 1924 were 6,718,998 bales com
norerl tn A 433 <134 "V»n 1 fnr th#» rorPPS
jiui ru cu 1,-100,101 uuiv-i vw««vo
ponding period of 1923; an increase of
1,285,564 bales over last year. Germany
is responsible for a large part of this
increase but other countries are also
feeling the effects of world revival of
trade and thus buying more cotton.
Just how much of our cotton the world
will consume is a guess at best, but
it is not improbable that foreign con
sumption will amount to at least
7500.000 bales. Our own consumption
should be around 6,000,000 to 6,500,000
bales. This doesn’t look like much of
a carry over into next season.
Divided and interest payments dur
ing December have amounted to ap
proximately $300,750,000 compared with
$286,050,000 in December, 1923. Divi
dends announced by 285 corporations
total the sum of $70,750,000 against $67,
505.000 in December last year. It looks
as though Santa Claus had a good
basis for his generosity this year.
COFFEE FUTURES
NEW YORK, Dec. 30.—Coffee futures
poned today at a decline of 25 points
to an advance of 13 points, prices later
easing off under liquidation accompa
nied by rumors that Rio was selling
here. Reports that the Brazilian min
ister of finance had resigned, appeared
to have an unsettling effect on senti
ment. March broke to 21.25c and May
to 20.10c, the general list showing net
losses of 44 to 72 points. There were
rallies of 10 to 20 points from these
figures on covering but the market
closed 27 to 52 points net lower. Sales
were estimated at 103,000. Closing quo
tations: January, 21.80c; Mafrch, 21.35c;
May, 20.25c; July, 19.55c; September,
j 18.70c; December, 18.10c.
»poi coriee nrm iuo vs sanios
| 4a 28% to 29c. Cost and freight offers
I included part Bourbons 3s and 5s at
28c.
Rio exchange on London unchanged;
dollar buying rate 60 reis lower. Rio
market unchanged to 125 reis lower;
Santos 250 reis lower to 125 higher.
Brazilian port receipts 35,000; Jundiahy
receipts 19,000.
VEGETABLES
CHICAGO, Dec. 30.—Beans, hampers,
green best, $4.50@5.00.
Cucumbers, crartes, fancy, $9.00;
choice, $7.50@8.00. f
Egg plant crates, medium, $5.00<fi 5.50.
Kumquats, crates, 15(a-18c per quart.
Lettuce, hampers, big Boston, $1.50-fi)
2.00.
Okra, hampers, best, $6.50®-7.00.
Peppers, crates, green, fancy, $5.00®
6.50.
Strawberries mostly 50c per quart.
Note: All quotations for Florida
products.
Local Securities
•Corrected by Ward. Sterne A Ca>
MISCELLANEOUS STOCKS.
Alabama Power Co., pld .® 0*
Ala. Trac.. Ll. A; Pow. Co., new. 110® 130
Ala. Trac.. Lt. A Pow. Co. Vot. Trim.. 100126
Avondale Mills. com. 600<S) 1000
Bessemer C. 1. A Land Co. 60® 66
Birmingham Electric Co., pfd .. u*
Birmingham Realty Co.185® 210
Birin. Water Works, 7 Pet. pfd. 98*4 102
Birm. Water Works. 8 Pet. pfd . 103® 108
Elmwood Cemetery . 60® 70
t> airlield Land Co. 83® 30
Loveman, Joseph A Loeb. pfd .. 90® 100
National Cast Iron Pipe Co.145® 17C
North Birmingham Laud Co. 10® 8
Soutueaatern Lxpiess Co. 93® 63
{Southeastern Pow. Ac Lt. Co., com. 55® 65
Southeastern Pow. & Lt. Co., Vot. Trust.. 03® 63
MISCELLANEOUS BONOS.
Ala. Con. Coal Z Iron 5s. 1933. 93® 9.8
Alabama Power Co. &s 1946 . 94® 97
Alabama Power Co. 6s. 1951 . 101® 104
Alabama Power Co. 5s. 1951 . 90® 93
Ala. Trac.. Light 6c Pow 5a. 1061 . 82® 87
Birmingham Electric 6s 1954 . I0o® 101
Birm. Ky.. Lt. Ac Pow. 43*». i954 . 84® 88
Birmingham Realty 6^s. 1986 . .. lol® 10J
Birmingham Water Works 6» of 1926.... Called
Birmingham Water Worka 5s of 1939 .... Called
Birmingham Water Worka 5tfcs. 1954 ... 89® 100
Counity Club 8s. 1031 . 101® 105
LieBardelvban Coal Corp. 6Vfc. 1927-41.
Bid. 7.25 basla asked. 6.75 basis.
Jefferson Realty fls, 1837 . 87® 91
Jefferson Really 0s. 1942 . 10C® 103
Masonic Temple 6s. 1931 . 9(9 101
Pratt Consolidated 5s, 1955 . 82® 87
Sloss-Shefrield 8. Ac I. 6s. 1929 . 100® 102
Woodverd iron Co. 5s. 1952 83® 86
BANK 8TOCKS.
Amer'.ean Trust Sc barings Dank . 210® 223
Birmingham Trust & Savings Co. 260® 275
/airfield Trust At Savings Rank. 110® 115
Pedertted Bank & Truat Co. 1C® 12
First National Bank of Fairfield . 150® lTo
First National Bank . 88o® -.10
lndu>triui Savings Bank .. 105® 113
North Birm. Trust Sc Bav. Hank . 200® 250
Beceelty Trust Sc Savings Bank . 110® 125
Traders National Bank . 200® 223
INSURANCE STOCKS.
Ala. Nat. Life Ins. Co. (par 10) . 24® 3u
protective J.lfe Inar 16) .. '.’2
1
$100,Oi,000 STOCK
GOES TO HOLDERS
OF G. E. ISSUES
Electric Bond And Share
Company To Be Seg
regated
(By Associated Press.)
NEW YORK, Dec. 30.—Directors of
the General Electric company today
authorized a special distribution to
stockholders which will be accomplished
through segregation of the Electric
Bod and 'share company, one of the
largest public utility holding organiza
tions In the country. Common and
preferred stocks of the Electric Bond
and Share company, with a total par
value of $25,030,000, owned by the Gen
eral Electric company, will be trans
ferred to a new corporation which In
turn will distribute 1,802,870 shares of
capital stock, share-for-share, to Gen
eral Electric common stockholders.
The actual value of the distribution
will be much larger than Indicated by
the par value of stocks transferred. Un
official estimates placed the book value
of Electric Bond and Share common
stock, which has been 100 per cent
owned by General Electric, at $100,000,
000, or more. The company last year
earned a balance for its common stock
equivalent to $32.76 a share and its
1924 surplus has been officially esti
mated at more than $18,000,000.
Owen D. Young, chairman, and Ge
rard Swope, president, of the General
Electric company, In announcing the
plans, said dividends of not less than
§1 a share annually on the new stock
were warranted by the present eight
per cent dividend rate on Electric Bond
and Share common. Dividends will
accrue after January 1 and will be paid
quarterly. General Electric stockhold
ers of record January 16 will share in
the distribution, which probably will
be made about February 1.
Organized In 1905, the Electric Bond
and Share company has aided in fi
nancing many public utility enter
prises and now controls or has work
ing control of more than a dozen
important companies. In view of the
changed conditions in the electrical in
dustry, with the public recognizing pub
lic utility investments as of demon
strated safety and stability, Mr. Young
explained, the separation of the Elec
tric Bond and Share company from the
General Electric company has been
under consideration for a long time.
REALTORS STUDY
SITE OF LIBRARY
Report Of Planning Board Is
Heard At Regular Meeting
Location of the new library and the
report of the joint city anil county
planning hoard occupied the attention
at the regular weekly luncheon of the
Birmingham real estate hoard at the
Municipal market Tuesday. As a re
sult of the meeting the planning report
presented h.v Jerome Tucker was
adopted by the organization and a num
ber of realtors appeared before the
meeting of the city commission and
board of revenue on the same question
later in the afternoon.
Although the sanction of the report
carried without negative vote, the res
olution, moved by Sir. Tucker and sec
onded by A. C. Montgomery, gave rise
to considerable discussion. Robert Jem
ison, Jr., opposed hasty nction by the
board, declaring that the problem was
of such import that it warranted fur
ther study and expert advice. He as
serted that since the south half of
block ‘JO was favored by the planning
committee and seemed the most feasible
site, that some plan of raising addi
+i-1 r..n.iu u)i,ki«i,l at least he consid
prod. However, on the pleas of J. W.
Donnelly, president of the library hoard,
and other speakers, that some conclu
sion should be reached without further
delay, the board endorsed the planning
report. This report advocates an alter
native plan of an exchange of property
with the county for the old Tutwiler
home on Park avenue.
The Bankers' Mortgage Bond com
pany was elected from associate mem
bership to the active role. The next
session of the board will come as the
annual meeting, which is to be held at
the Tutwiler hotel the evening of Jan
uarv 8. Installation of new officers,
beaded by Clyde Nelson, is scheduled for
this meet.
NEGROES TO HOLD
ANNUAL PROGRAM
Emancipation Celebration To Be
Held At Shiloh Church
The annual emancipation celebration
for negroes will be held at the Shiloh
Baptist church, Nineteenth street and
Avenue G, Thursday at 11 o'clock.
Three bauds, the Sixth avenue church,
'Tuggle institute, and Industrial High
school aggregations, have been invited
to take part in the exercises which
will include music, songs, prayers, and
addresses by leading negro educators.
Program for the meeting, as an
miunixu wj •*.
df the emancipation association, is as
follows:
Song by choirs from all churches'
of city led by Rev. F. J. Herring.
Prayer by Rev. F. G. Ragland. Scrip
ture reading by Rev. Frank W. Alstork.
Music by Sixth Avenue band. Annual
jiddress by I)r. II. N. Newsome, presi
dent of association. Reading of eman
cipation proclamation by A. II. Barker.
Talk on interracial work and secular
education by W. R. Wood. Music by
I Tuggle Institute band. Address “Religi
ous Education,” by I)r. G. L. Word,
president Miles Memorial college. Mu
sic by high school band. Annual ora
tion by C. L. Fisher. Music by choirs
of all churches. Three-minute speeches
by volunteers. Election of officers for
ensuing year.
BLACKWELL HEADS
LOCAL KIWANIANS
I New Officers Installed At Meet
ing Tuesday
C. C. Blackwell was installed as presi
I dent of tlie Birmingham Kiwanis club
at the annual meeting, held Tuesday
noon at the Tutwller hotel. Other of
! Beers installed are: J. K. Clin pell, vice
president; Roderick H. Trilick, trens
| urer, and AV. A. Currie, district
trustee. Trustees who took office at
the same time, are Erskine Itamsey,
Dr. Guy E. Suavely, Sid l.ee, Joe
11. Loveman, R. A. l’orter, and Clem
Gnzssam.
The meeting was presided over by
Mercer Barnett, former iuternutional
president. Because of the absence of
the retiring president, Darby Brown,
the past president’s button was
presented to his brother, Charles Brown.
Resolutions also were adopted urging
the city commission and the county
hoard of revenue to settle upon the Tnt
wiler* home as the new library site.
These, resolutions were presented at a
joint meeting of the commission and
hoard Tuesday afternoon by a com
mittee headed by Dr. Guy E. Snuvely,
| president of Birmingham-Southern col
lege.
Both parties profit by use of Age
Herald Want Ads. Sold before noon
is the frequent result of their use.
the weather
Alabama and Mississippi: Unsettled;
probably rain Wednesday and Thursday;
colder Thursday and Thursday night.
Florida: Partly cloudy Wednesday and
Thursday; probably rnlns In extreme north
portion; not much change In temperature.
Tennessee: Rain Wednesday. Thursday
rain and colder.
Virginia: Rain in south and rain or
snow in north portion Wednesday; Thurs
day. rain on the coast and snow or rain
In the interior; colder Thursday.
North and South Carolina and Georgia:
Rain Wednesday and Thursday; colder
Thursday or Thursday nitflit.
Kentucky: Rain Wednesday; colder In
north portion; Thursday, snpw and colder.
Louisiana: Wednesday, probably rain,
colder; Thursday, unsettled, colder.
Arkansas: Wednesday, unsettled and
colder; Thursday, unsettled and colder in
east and south portions.
Oklahoma: Wednesday probably rain or
snow, colder; Thursday, unsettled.
East Texas: Wednesday and Thursday,
probably rain in south; rain or snow in
north portion; colder in north portion
Wednesday; colder Thursday.
West Texas: Wednesday and Thursday,
partly cloudy to cloudy; probably snow in
the Pan Handle; colder in north portion
Wednesday; colder Thursday.
Summary of obsrvations made at sta
Ions of the United states weather huneau.
luring the 24 hours ending at 7 p. m .
Oth meridian time. December 30. 1J-4.
Birmingham, Ala. . 48 48 40 .81
Boston, Mass.
Buffalo. N. Y.
48
38
harlestoh. S. C. ...
hicago. III- • • ..
orpus Christl, Texas.
(enver. Colo.
>es Moines. Iowa
lodge City. Kan. ...
ort Worth. Texas...
Galveston. Texas
latteras. N. C. . .
lavre, Mont. ...
lelena, Mont. ..
luron, S. D.
acksonville. Fla.
Kansas City, Mo.
lemphis. Tenn. .
leridian, Miss. .
liami, Fla.
lobile, Ala.
lontgomerjr. Ala.
Jew Orleans, La^
Jew York, N. Y. • •
Jorth Platte. Neb. ..
jklahoma City. Okla.
»alestine, Texas -
»hoenix. Ariz.
Mttsburg. Pa.
taleigh, N. C. ••••••
ialt Lake City. Ltali
ian Antonio, Tex;
lan Francisco, Cal.
lavannah, Ga.*
iheridan. W’yo.
.hreveport, La. .
;t. Louis, Mo.
’ii.mpa. Fla- • • •
i'oledo, Ohio . • .
Vicksburg. Miss.
Vashington, D. C.
.Vtlliston. N. Dak.
.Vinnemucca, Nev.
30
:>•>
24
48
44
26
r>8
30
60
38
42
14
44
36
4 0
48*
50
46
50
14
10
60
6
16
10
4 6
42
58
58
58
36
12
74
40
50
48
.Jo
60
62
58
40
58
1 4
4 6
34
36*
4 4
58
38
40
42
64
• 66
12
10
52
18
32
4 2
74
48
40
50
26
14
20
36
36
1.46
24
4 6
36
16
46
36
80
30
50
36
34
32
48
62
42
14
.28
.10
.02
36 44
28
64
16
42
26
—6
36
.04
.14
384
.81
LOCAL DATA
For the t\ hours ending.at
Tuesday, December 30, l?-4.
HIKhtst temperature .
I.oweat temperature .!*•••.
Mean temperature ...
Vormal temperature .
Deficiency in temperature since Jan
Tntalfaralnfail’ Vinci' January'L • ■ • ■ ■ 4103
Deftcinecy in ruinfall since Jan
Relatfve humidity, 7 a. ..
12 noon ...
7 P- m...^.
Dry thermometer. 7 a. ..
12 noon ...
Wet thermometer, 7 a. m. ...
12 noon .•.
7.51
44
95
97
41
45
48
40
44
48
Fa*t Gulf: Moderate to fresh shifting
and weather overcast Wednesday prob
ably local rains over north portion.
West Gulf: Gentle to moderate variable
and weather generally fair Wednesday.
CanCbean Sea and Windward Passage:
Moderate east and sontheast. except vari
able over extreme south portion, and
weather generally fair Wednesday,
Sandy Hook to Hatteras: Moderate to
fresh east and northeast, and weather
overcast with rain Wednesday.
Hatteras to Florida Straits: Moderate
east and northeast with overcast showery
weather over north portion and moderate
southeast and weather overcast over south
portion Wednesday.
TO REPLACE LIGHTS
City commission Tuesday ordered 21
gas street lamps In the- Mountain ter
race section replaced immediately by
regulation electric lights. Commis
sioner Harrison said n survey of the
section had been made anil that similar
changes would follow early in the new
year in other parts of the city.
UTILITY COMPANY
SEEKS $2,000,(1
FOR EXPANSIONS
Birmingham Electric Has
Big Program Planned
For 1925
The Birmingham Electric company
requirements for necessary extensions
in 3925 are estimated at .$2,000,000, ac
cording to J. S. Peaver, vice-president
and general manager, who has requested
permission of the Alabama public serv
ice commission to issue 20,000 shares of
preferred stock, to be sold at 98 which
was offered in New York Monday by
the Old Colony Trust, Spencer-Trask
& Co., and associated bankers.
The stock will bring about $1,960,000
which will be used during 1925 for
those extensions necessary by the rapid
growth of this district and the normal
expansion of the residential and busi
ness communities. Mr. Perea r said
Tuesday night that the company plans
to keep abreast of the Birmingham dis
trict and was planning to have funds '
on hand to expedite the needed exten
sions and further rehabilitation neces
sary on the properties.
Authority Asked.
“We have requested the public serv
ice commission for authority to' sell
the 20,000 shares of our stock and with
this money expect to carry forward our
1925 extensions,” said Mr. Pevear.
“We have no extensive plans that I can
give out at this time but as the dis
trict expands it is necessary for us
to make gas and electric extensions, con
struct transformers and care for other
work requiring, we estimate, about $2,
000.000 for the new year. The stock
offered will bring us funds for that
work.”
Mr. Pevear said 1924 had been a most
interesting year from many points of
view. The company has been able to
reorganize unu in w uumc
ever changes would give this district
service of the highest order. lie pre
dicted that the new year would see much
progress in the improvement of serv
ice and a growing feeling of co-opera
tion between the people of this district
and the company.
Both parties profit by use of Age
Herald Want Ads. Sold before noon
is the frequent result of their use.
SOfTHERN BEIX TELEPHONE
AND TELEGRAPH COMPANY
,Interest on Thirty Year First Mortgage
Sinking Fund Gold Bonds of this com
pany, due 1941, will be paid on and
after January 1, 1925, upon presenta
tion of Coupon No. 28, to the Bankers
Trust Company, No. 16 Wall Street,
New York. N. Y.
J. M. 11. HOXSEY. Treasurer.
We are in position to finance
A. R. Dearborn & Co.
Construction
in emounts from
$50,000 to $1,000,000
211 N. 21st Street
Look Ahead!
When times are good the wise
man prepares for the hard
times which always follow pe
riods of exceptional prosperity.
A Savings Account in this Bank
—added to regularly — will
prove a bulwark against the
“rainy days” in your life—and
the lives of those who look to
you for support.
We welcome your ac
count, however small.
ON SAV/>
amanTrust^avingsBms
Thousands of Men and
Women Know the Worth
of a Real Investment
Talk with any of them and you will
find them enthusiastic over the real
value offered in the SECURITY S 6
per cent interest-from-date-of-issue Cer
tificates of Deposit.
They are more than investors; they
commend the complete service ren
dered by this institution. On their rec
ommendation and good will depends
much of the growth and success of the
SECURITY.
Due to this prestige the SECURITY has
grown to its outstanding position in re
sources of over $1,750,000.00 in the
short time of 18 years. This good will
has been earned by conservative man
agement, care in the handling of funds
and use of every precaution for safety.
A record in handling millions since
1907, without loss of a penny to any
investor, is carrying much weight with
the investing public.
All funds loaned on first mortgages on
improved real estate, at a rate that at
tracts the highest class security.
If you have idle money or money earning less than 6 per
cent, January is a good time to come with us.
Security Savings & Loan Co.
2125 3rd Ave. Birmingham, Ala.
Assets over $1,750,000.00
6 per cent is 50 per
cent more than 4 per
cent and 100 per cent
more than 3 per cent.
Why not get it?
OFFICERS
F. W. DiXON, President
J. F. RUSHTON, Vice-Pres.
R. T. BROOKE, Vice-Pres.
J. C. BRYANT, Sec.-Treas.
W. T. UNDERWOOD, JR., Asst.
Sec.-Treas.
EDWARD T. RICE, Attorney.
DIRECTORS
J. F. RUSHTON
It. T. BROOKE
S. Y. CALDWELL
II. S. GOING
HENRY S. FOWLKES
EDWARD T. RICE
DR. JNO. DOUGLASS
F. W. DIXON