The Washington herald. [volume] (Washington, D.C.) 1906-1939, 1914-09-04

peach growers to get the best prices for
their fruit through scientific marketing
methods. At a meeting of growers and
Representatives OF the freight and trans
portation departments of the Southern
Railway, the workings OF the Georgia
Fruit Exchange we're explained by How
ell Peoples, market agent for the South.
ern Railway, Of this city. who was form
erly division freight agent at Macon,
Ga, and a committee of growers was
named to consider the organization OF a
similar association.
On account OF the uncertainty as to the
export market which formerly has taken
large portion Of the Virginia crop, the
Valley growers are looking TO the South
ern markets and the Southern Railway,
through its marketing department, is en-
deavOring to aid them in getting in touch
with reliable dealers and in every other
possible way.
Sales OF cotton as low as 81 cents a
pound are reported from Boston. The
grade Of cotton was reported strict low
middlinE," which had been selling at the
close of July at better than 10 cents.
Although quantity purchased was only
moderate-in the neighborhood OF 100 bales
price named is considered an index in
cotton circles to distressed condition OF
some Southern growers.
Allowing a cent a pound for freight.
insurance, and other charges incidental
to transportation North, the net price at
the South is reduced TO the calamity level
Of Sd cents.
Dividend certificates are now being re-
ceived by the stockholders OF the
American Tobacco Company, in place of
the usual checks, for per cent dividend
IN gNn 1t s1aa
issue of S2.ol2,1 10. These certificates bear
interest at the rate Of per cent a year.
The first interest installment is payable
March l, 1915, for which checks will then
be mailed. The second installment of
interest on the dividend certificates to-
gether with the principal. will be paid
September l, 1915. upon surrender Of the
certificates.
A prominent manufacturer says: After
the war l believe a large, amount OF
foreign capital will be invested in indus
tries in this country. 1t is my opinion
that foreign manufacturers will be more
inclined TO start in the business of manu-
facture in the United States. This is the
safest country in the world for capital IL
politicians keeEtheir hands on No mat
ter who wins in the terrible conflict the
United States is bound to beneft. In the
meantime. however, many Of as will have.
to live on cur fat"
The New Orleans Cotton Exchange has
issued its report of the crop for the year
ending August 81. 1914: Port receipts,
10. SIS bales: overland. l.1S4,21S; South
ern consumption. 2,S64 SIS; total, I4,5sS, 597,
as compared with the total of the New
York Cotton Exchange of 1855, 45s bales
Total Southern consumption was figured
S,os7, SOS bales. including liz, $50 taken from
and counted at seven outports.
Financial advices from Paris include
these items:
The French loan may be cancelled
The haste with which 1t vas put out was
reflective OF the expectation Of war The
response has been very poor.
Inability to convert into cash will
operate for trouble among the banks IN
Paris. unless some way is provided To
tide over the trouble.
The United States will benefit more
than any other nation from the war. more
particularly II England and France are
victorious.
The New York market by reason OF the
splendid action just before closing has
proved a great advertisement Of the
United States throughout Europe II is
very favorably commented upon and fully
appreciated.
An Austrian member Of the Paris Bourse
sold French securities short heavily early
In July. He came back about the time of
the declaration Of war and boosted Of IT,
A riot was created and he was driven Oh
TIA exchRnRa