PAGE SIX
THE TWfCE>A-«EEK DISPATCH PiUOAY. NOVEMBEK 30, M14
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Exports Still Go Up.
Those of Laet Week $532,000 More Than Pre'vious Week.—$500.-
000 Cargo to Russia—Consignment of Goods for Muscovite
Governmeut Will Lf&ve San Francisco for VSadlvostok on No-
ventb^ 20—ShijMnents of Wheat Since July 1, .24,000,000
Bushels in Exc^ of Last Year.
New York, Nov. 7.—The Russian government will be on the
waj' to receiving her iirst important shipment of food from this
'Oi’.ntry V. sen a shipment, valued at $500,000 leaves San Francis
co, NoWmbei- 20, for Vladivostok. The supplies, destined for Pet-
rograd, were almost entirely purchased from local manufacturcro
and merchants. Oils are included in the list.
LARGE I.NCREASE FORWEEK.
Imports of ,dr>- goods and merchandise for the week ended
October :>1, were 116,334,747, as compared with; $15,801,894 the
week previou.s and $16,607,834 the same week last year.
Wheal and flour exports continued in good volume this week,
totaling.7,312,384 bushels, w'hich is 300,000 more than last week,
but 500,000 below a year ago. Shipments from Seattle are not
included iii the current figures.
Since the first week in July , exports of wheat and flour are
24,000,000 in excess of last year. The total for eighteen weeks
is close to 130,000,000 bushels.
The British Government i.-5 said to have placed an order with
a Reading: manufacturer for 600,000 hospital .‘ihirts, costing $250,-
000, which will reciuire 1,800,000 yard-s of material. Additional
orders for !&«,000 are expected to be placed by the same authori
ties if the first order proves satisfactory. i
The Mullin Shoe Company, of Pittsburgh, is reported as thej
recipient of an order for 200,000 pairs of shoes for the French. ‘
costing ?3.25 a pair. A similar order probably will be placed.
with the .same manufacturer in the near future by the English;
supply commissioners. ' j
Canadian agents are said within the past few days to have i
distributed requisition.^ for 1,500,000 yards of shirting flannel;
among local concerns. ;
The Studebaker Corporation, according to Chicago dispatche.« _
has dispo.sed of 3,000 wag-ons, fully equipped; 120,000 .sets of har-;
ness, and G0,000 .saddles to the British Government,
Local forw'ardinR- agents report that thus far the season’s
export of gi-aen apples to the war zone aggregate 821.000 barrels,
which is i;’8,000 barrels above a j’car ago.
Norway has in!uired by mail from rail mills in this countrj' \
for .jO.OOO tons of standard rail sections for deliver>- before the;
spring; but our manufacturers are iothing to quote prices for,
foreign delivery, owii;g to the high insurance rates. |
Kansas millers have 1.500 carloads of wheat flour at N^ew!
Orlean.s .-uvssiting shipment to Holland. \
Seek War Supplies
Belligerent Nations Placing Orders in United States—Strategy
User in Dealings.—American Manufacturers Are Put in
Touch With Countries Desiring Munitions, Tents, Clothing,
Horses, Coal, &c.. Through “Blind” Notic^ in Dally Consular
and Trade Reports and by Letter.
Ne wYork, Nov. 7.—A Washington dispatch to the Herald
says:
American manufacturers of guns, ammunition, army tents
and other war supplies are finding a ready market among the
beiiigerent countries of Europe. Tremendous orders for good.s
of this character are being placed daily through the bureau of
foreign and domestic commerce of the Departroent of Commerce.
Considerable strategy is observed in putting the .countrie.H
that desire to buy war materia! in touch with the manufa,cturers.
This is aceomplished by the use of blind noaices in the Daily Con
sular Eeports, a publication of the bureau of foreign and domestic
commerce, and by correspondence with only recognized finns or
individuals who are in a position to supi,!y the d^hand.
Some impetus is being given these purchases by the recent
order of William G. McAdoo, Secretary t f the Treasury, to col
lectors of customs in every port that the nature of cargoes ex
ported. and their destination be kept secret for 30 days after
clearance. This, together with the fact that the reserve stores of
the wairing countries are beginning to run low. is causing a big
demand for these goods.
As an indication of the veiled way in which requests for sup
plies are printed this notice from the Daily Consular and Trade
Reports is interesting:
“No. 14350, ammunition—An American Minister in South
.'America reports, by telegram, that he has b^n requested to ad
vise whether American manufacturers are in a position to supply,
direct to purchaser, mauser ammunition, 7 millimeter steel jacket
ed bullets, 9 grams in weight, .stating price f. o. b.. New York, per
million- Manufacturer should state quantity which can be sup
plied.” i
than it has heretofore known.
The occasion of the securing of th(»e expressions by the
Sun was the fact that the formal opening of the new Federal Re
serve Banking system was imminent, ha\ing been scheduled for
Monday, November 16th.
PERIOD OF GREAT BUSINESS ACTIVITY
H.\ND.
IS NEAR AT
CONFIDENCE is F.4ST RETURNING.
Concii‘!;)riS may be iiorn:.u! within sixty days, siiy.-; .Mr. Ki;!.i:=-
ivi‘.—Many to be easier—Fir.'^l of January should find buildiniri
underway on much bigger scale than expected. I
/Men in Position to Speak With Authority Take Optimistic View
of the Outlook and Speak Most Hopeful About the Prospects
For Busy Times Ahead—Opening of the Reserve liank Sys
tem Marks a New^ Era.
Will put an end to excessive charges by banks throughout the
country for collections and exchanges, resulting in an enormous
saving to the trades people of the United States. Substitutes
one compact collection system for the wasefu! play now in voKue.
Farmer will receive his share of benefit of new system in enlarg
ed ability of his bank of care for him and in lowering rates.
Last Monday's Baltimore Sun carried a most imposing array
of statements from government officials and bankers in v.’hich
the view was freely wa.s empliatically exjire.'^sed that the coun
try is on the cvo of greater commercial and industrial activitv
SAVANNAH CRYING FOR COTTON AT EIGHT CENTS.
Randolph Anderson, in Atlanta, Says Demand Wednesday, Nor.
nth. Was Greater Than Supply.
Cotton was sslling in Savannah on Wednesday at 8 cents a
pound and the demand at that price was greater tJian the avail
able siipply of cotton, according to J. Randolph Anderson, pres
ident of the State Senate and Jne of the best known attorneys
and business men of Savannah.
Mr. Anderson, who is in Atlanta Thursday to appear before
the State Railroad Commission in behalf of the petition of the
Savannah & Statesboro railroad for permission to temporairily
discontinue passenger trains Nos. 25 and 26 between Savannah
and Cuyler, is a real optimist.
“Business conditions have been improx’ing for about tOT
days,” said he, “and all indications point to continued improve
ment. I don’t expect conditions to become normal again in a
week, but I do think that the improvement will be gradual and
certain.
Cotton is now moving from Savannah to foreign countries
in an increasing amount. The war, of coui'se, makes the move
ment smaller and slower than it was a year asro, but there are
cotton-carrying ships at Savannah from Denmark, Sweden, Italy,
Spain, Holland and other couhtiies.
“llie Sonth has lived through 5-cent cotton and it most
assuredly will be able to survive 8-cent cotton. As a matter of
fact, the price of 8 cents affords the farmere an excellent oppor
tunity to sell part of their cotton nt reasonable figure. They
should do this and pay up their This would enable the
merchants, fertilizer men and banker; to relieve the pressure up
on themselves. It is not neces.'4:ry for the farmers to sell all
their cotton; in fact, I dp not think such a course would be wise,
as the dumping of a big amount of cotton on the market at one
time would undoubtedly bear dow^n the price. However, they can
sell a portion of their holdings from time to time as the market
is favorable, and the new money thus brought into the South
would serve to immediately lubricate the wheels of commerce and
aid very greatly in restoring good business conditions.”
bankers would FORM POOL TO BUY IN AMERICAN
STOCKS.
Philadelphia. Nov. 12.—Optimism for America’s financial,
industrial and commercial future was expressed in reports and
addresses at the opening session today of the convention of the
Investment Bankers’ Association of America. Despite the Eu
ropean War, speakers declared the future holds forth unusual
promise and that the low ebb of depression is past.
.A. proposal by the president of the organization, Charles B.
Caidwell of Chicago, that a $250,000,000 pool be formed to take
o\"er stocks and bonds that might bo thrown on the market.
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CAPITAL $50,000.00.
J. M. BROWNING, Pres. W. W. BROWN, Mgr. A. V. RAY, Sec. & Treas.
POOE