The Washington herald., 1920-10-26
COTTON GINNED
FIGURES GAIN
Census Bureaus Monthly Report
Indicates Gain of Nearly One
Million Bales.
BANK FIGHT TO BE RENEWED
After Layoff Of One Week, Uni-
form Hour Laws Fires Be-
gin Smoldering.

More cotton had been ginned up
to October Is this year than on the
corresponding date last year, ac-
cording to figures issued by the
Census Bureau yesterday.
Cotton ginned from the 1920 crop
up to October IS tOtaled 5,712,O57
bales. On October Is, last year T.
929,l04 bales had been ginned.
The total round bales ginned this
year totaled 13S.564 as against 55,-
SIS last year. In the total figures
round bales are counted as half
bales.
American Egyptian cotton ginned
tOtaled 1882 bales against $3.50
last year. and Sea Island ginned
totaIed $40 bales as cOntrasted with
1872 last year.
Much interest was attached to the
regular monthly report because Of
the campaign Of night riders who
have threatened to burn gins un-
less they halt operations until cot
ton reaches 40 cents a pound. This
campaign seems to have been enec-
tive in Georgia and South Carolina,
according to the monthly report.
Georgia showed the greatest reduc-
ton. O9,404 bales having been
with 1.1O9,S7S for the corresponding
date last year.
While the total ginnings in
creased. the following other States
showed a decrease: Alabama, Flor
ida, Mississippi. Missouri, North
Carolina, South Carolina, Tennessee
and Virginia.
Texas, the leading cotton State.
has ginned about two and a half
times as much cotton this year as
last. Other States showing increases
are Oklahoma. Louisiana. Arkansas,
o California and Arizona.
Now that the American Bankers
Association convention is over, open
warfare between certain banks and
trust companies of the Capital and
the Clearing House Association is
threatened this week, it became
known yesterday, over the question
Of uniform banking hours.
The trust companies and savings
banks insist they cannot subscribe
to the new hours which the ma
jority Of the banks favored at a
recent meeting CS:3O a. m. until 200
p. m. each day except Saturday,,
and advance the character of their
business to justify their stand. Fur
therEs0re they insist the clearing
house is the servant of the banks,
and not their master.
Efforts are still being made to
patch up a peace outside of the
courts. but in all Likelihood it will
fail. owing to the bitter stage now
reached in the controversy.
S2.7OO.OOO in gold is aboard the
steamship Aquitania. which sailed
from England Saturday. consigned
to Kuhn. Loeb and Company, aC
cordinE to advices received from
Dow. Jones and Company. New
York. This makes total of about
S53.OOO.OOO gold purchased by that
firm in the London open market
George W. White. president of the
National Metropolitan Bank. to-
gether with Mrs. White, has sailed
for England. where he expects to
spend a month or 50.
\ program of the elementary and
advanced courses of Washington
Chapter American Institute of
Banking. have been done up in
booklet form and are being dis
tributed. The elementary class will
meet every Tuesday night until
April 18th. when examinations Will
be held. The advanced class will
meet every Thursday night. begin
ming this week. until May 26.
George o. Watson, president of
the Liberty National Bank, will ad-
dress the elementary class tonight.
while Charles D. Boyer. president
Of the chapter. has engaged grad
Uates of banking, bank officials and
other financiers to lecture from time
to time.
Silver was purchased yesterday by
the Director of the Mint aggregat-
ing $1,000 ounces. making a total
of 19,244.5O7 ounces. The silver was
purchased for the mint at San Fran
cisco under the Pittman Act.
. The loan of S6.78O.OOO to the
Pennsylvania Railroad was author
lied by the Interstate Commerce
Commission yesterday for the pur-
pose OF making additions and bet
terments to the COmpany's proper
ties.