The Washington herald., 1914-10-18

] eeLcQ IN LQe CQLLO0 SIllAllOu mas o-CAA
called by the Farmers Union Of Ala
barua. to meet in Montgomery. October
n Among the topics 70 be considered
| Is the question OF q six months mora
torium for the debts Of farmers and the
suggestion Of Senator Bankhead 10 issue
5000. 900 in bonds to remove half Of the
States cotton from the market.
As a moral obligation as well as q
business proposition, F. r. Stevens, agri-
culturist OF the Lehish Valley Railroad.
has called on farmers along that line to
Increase their acreage and the efficiency
Of their farms for the benefit Of humanity
when the effects OF war are more gen.
orally felt-bringing with them q reduc-
tion in the worlds food-supply.
This is q situation which must be
met for American farmers" says Mr..
Stevens IN > letter to farmers along the
Lehish VaLley. In another year all
Europe viii look to the United States
for food. To meet the increased demand
our farmers must increase their produc-
ton. New acres must be planted and
new vigor must stimulate the American
farmer TO double and triple his produc-
ton. As the manufacturers are graspIng
the opportunity now presented 70 get
South American trade heretofore monop-
oliZed by Europe, 50 must the American
farmer bend every effort to supply the
foreign demand for American farm pro-
ducts"
Market in short term notes continued
strong last week. with advances In sew
eral issues. There are no restrictions on
this market such as are placed on deal
ings in stocks and fixed obligations run
ming more than a year.
Amalgamated Copper SIS, due March Is.
1915, are now quilted % l-2 bid, % 1-3
asked, about a 6 "a per cent basis.
Baltimore and Ohio 41<s, due June I,
1915, are sslassS. about a sS per cent
basis.
General Rubber as, due July l. 1915.
are sI1ka9Sk, on per cent basis. Beth
lehem Steel IS, due June II, 1915, are on
the same basis.
American Tobacco per cent scrip,
due September l 1915. is 9sIk to 100k nat.
International Harvester IS, due Feb
ruary Is, 1915. are 99A to s9&.
Chesapeake and Ohio reports that dur
ing the month of August 1t hauled 2.iOs,-
oS3 tons of coal. compared with 1851 16
tons for the corresponding period OF last
year. For the two months Of the current
fiscal year the company reports an in
crease of s4T.s1 tons in its coal business.
o. F. Carter. general freight agent of
llAt AoHbIs Will G4CClGQ VICE pTGSlQGHl
in charge Of traffic; Frank Reed, general
passenger agent Of the company, will be
retired on a pension, and Charles Cock
rill. assistant, will be appointed general
passenger agent.
A great many brokers are doubtful II
business could be promoted by making a
little concession in prices from the clos
ing figures of July 30. and permitting q
further concession in the event that the
one first made was not suficient to
stimulate a demand for stocks. They
argue that II intending purchasers saw
a possibility of further concessions, they
would not buy on the first one but would
hold OF with greater determination than
before, so that business, instead Of in
creasing, would stop altogether.
Washington bankers who have been at
tending the annual convention of the
American Bankers Association. returned
yesterday from Richmond.
The Commercial National Bank tomof-
row celebrates its tenth anniversary.