The Abbeville press and banner. (Abbeville, S.C.) 1869-1924, November 15, 1920, Page PAGE THREE, Image 3
DIFFICULT TO GET
COTTON ABROAD
Central European Mills Badly Hampered?Operating
Part Time
?
Washington, Nov. 11.?The cotton
situation as it now exists in central
Europe was today explained to '
Senator Dial of South Carolina after
request that Howard W. Adams,
representative of the department of
commerce in Berlin, make a special
investigation and report reached the
department by cable and is now for ^
the first time being released for
publication.
"The spinners and textile mills in (
Germany, Holland, Czechoslovakia, T
Austria and Jugoslavakia, only 20
to 30 per cent of their full capacity .
except in the case of Holland," the '
report says. "This situation is due
not only to the lack of fuel but also
to the lack of raw cotton.
"Considering the unfavorable rates
of exchange of the German, Czechoslovakian,
Austrian and Jugoslavian *
currency with Respect to the American
dollar, the spinners and textile
mills can afford to buy raw cotton .
/>nlv when thev are able to simulta
neously market the converted goods
for export. This is very difficult for
them to do because they can get
weeks after purchasing it and the
mills can never be sure about the
cost of labor two months ahead. The
consignments of raw cotton now
stored in the warehouses at Bremen,
Hamburg, Eisenbrod and other
places were bought by the cotton
dealers before the crop in the price
of cotton in the United States, and
consequently the prices (which the
owners of these consignments are
now asking from the consumers'
with the additional cost of the relatively
long storage of the -goods in
the warehouses,, render the purchase
of this cotton extremely diffi- ^
cult for the mills, because the goods
wHi*>i urill he pnnVAr+.pd froftl this
raw cotton will be too costly for ex- <
port, and they can not compete e
with the prices existing abroad in
the countries where the mills are
using the cotton bought recently.!
This difference can not be evenly
balanced by lower wages existing in
Germany, Czechoslovakia ^and Austria,
even if the money of these
countries could be converted into
money of other countries.
"In order to effect a better ,
method of getting raw cotton into
Geraiany and to eliminate possible
speculation, the spinners and textile
mills in Germany are now organizing
into groups, according to their
geographical location.
"Some of such organizations (Verbands
organize private corporations
as, for instance, "Ditag" and others,
with the purpose of ; handling,
through such a corpora Hon, the imports
of raw cotton and the exports
of converted goods for all the spinners
and textile mills which participate
in this corporation. Other spinners
and textile mills are endeavoring
to do their exporting ? and importing
through a specially organized
government department, as, for
instance, in the state of Wurttem
berg, where a special department
buys all the raw cotton necessary
for the mills located in Wurttembergr
and distributes the raw cotton
among them."
An estimate of Germanys possible
requirements for cotton is made difficult
by the fact that the consumption
is dependent upon the deliveries
of coal to the German spinning
mills, The exchange question furnishes
another serious obstacle. It appears
that about the only way cotton
xransacnons can oe camra out cere
under existing conditions is by a
shipment of this commodity to
Bremen and Hamburg and there
stx>red awaiting demands of buyers
on terms to be arranged by cable.
German cotton buyers offer not the
slightest encouragement to be a
transaction whereby the cotton
would be sold through the ordinary
pre-war channels.
Legal Blanks for Sale Here.?
The tress ana Banner company.
SUGAR REFINING COMPANY
DECLARES 7 PER CT. DIVIDEND
New York, Nov. 11?Quarterly
dividends declared here today by the
American Sugar Refining Company
were on the basis of 7 per cent, per
annum, omitting the extra quarterly
dividend of 3-4 of one per cent which
the company has paid regularly since
1918.
\
SISTER MURDERED:
BROTHER KILLED
\nd Another Dying Were Tragedies
Of One Negro Family Last
Thursday.
One sister murdered, one brother J
tilled in an automobile accident and i
i second brother lying at the point I
)f death were the outstanding trageiies
which happened to a family of
legroes by the name of Wiles Thurslay.
Olivia Wiles Carr was shot and
-*11 YMAvninry of on O Q Y*1 T7
UllCU lliuiduajr mvi mu5 c* v ou * j
:our in a house on East Whitner St., '
n Anderson. Her assailant, Annie
^owan, is now in jail charged with
nurder.
Two of her brothers, Fred and
Tim Wiles were riding in a Ford au;omobile
in the lower part of the
rounty and collided with a wagon,
vhich was drawn in front of their
speeding car by a run-away team of
nules, and as a result of this colision,
Jim Wiles was killed outright,
ind Fred Wiles now lies in a dying
:ondition at his home in Abbeville
:ounty.
According to the reports which
reached Anderson yesterday afterloon,
the two Wiles boys were drivng
to work in a Ford car, and were
;raveling at a rapid rate of speed. A
run-away team suddenly rushed
lown an embankment, pulling a two
lorse wagon behind it, and the car
:ollided with the wagon. The crash
was a teriffic one, and a support of
;he top of the machine was broken
ind the force of the collision pushed
;his broken support through the body
)f Jim Wiles. The ragged support
vas forced entirely through the
legroe's body, and his death was initant.
Fred Wiles, who was driving the
:ar, was also seriously 'cut and injurid
by glass from the windshield and
:rom being struck by pieces of the
Under a new marriage law a
Swedish husband and wife may disx>lve
their amrriage on agreement i
>r legal application.
REDUC
On account o
stocked in soj
PR
ii'
sun
$20.00 Suits for.
27.50 Suits for
28.OQ Suits for
32. 0(7 Suits for .
35.00 Suits for ...
36.50 Suits for
40.00 Suits for.
43.00 Suits for...
45.00 Suits for
50.00 Suits for
55.00 Suits for
57.00 Suits for
60.00 Suits for
i rtf f\r\ n j ?
H ro.uu suits lur
Reduced prices c
style or shopwon
las
We offer 01
I Ml
\
ANDERSON CITY CUTS
WAGES OF LABORERS
Anderson, S. C., Nov. 13.?City
council here last night voted to reduce
wages of common laborers employed
by the city* irom the present
/-w-p Kft +/-> $5 7!> n Hnv. arid
adopted a resolution requesting the
South Carolina railroad commission
to reduce telephone rates to the prewar
level instead of granting the
raise which the Southern Bell Telephone
company is preparing to ask.
DIVIDENDS DECLARED
BY VICTOR MONAGHAN CO.
Greenville, S. C., Nov. 11.?At a
meeting today of the board of directors
of the Victor-Monaghan Company,
operators of a chain of cotton
mills, a quarterly dividend of 2 1-2
per cent on the common stock and 1
3-4 per cent on the preferred stock
was declared. The dividend is payable
December 1 to stockholders of record.
demolished wagon. Both the wagon
and the automobile were wholly
wrecked from the teriffic impact
when they came together.
How the team of mules became
frightened; and how they came to
dash into the road from the embankment
just as the car was passing is
unexplained. The accident occurred
in the extreme lower part of the county,
near the Abbeville line and the
wounded man was taken to Abbeville
county to his home.
Brothers of Murdered Woman
The two negroes were brothers 0/
the murdered woman, Olivia Carr. A
relative came to Anderson yesterday
to inform Olivia Carr of the death of
her brother and to summon her to
the bedside of her other brother who
was thought to be in a dying condition.
The relative was shocked
when he reached Anderson and. found
that Olivia Wiles had been murdered
just befote the time of the accident
which resulted in the death of
her brother.?Daily Mail. <>
rn-PDU
Jul/ 1 till
f the late fall and
me lines. Now,.
IPRS GIVEN I
rs r
$15.38 $10.0
20.63 J2.0
21.00
?< ?? 15.0
26-25 29.0
27.38 30.0
30.00 33.5
32.25 35.0
33.85 36.0
/inn,
37.50
A. 9C 45.0'
4125 55.0'
43.75 60.0,
45.00 65.0'
52.50 lOO.i
f
>n all hats now in sto
i Ladies, it will be
t. We have many otl
ur stock of co
THESE PR!
RS. JA
AVERAGE COAL PRICES
PARTLY CAUSED BY
FOREIGN BIDDING
Washington, Nov. 13.?Foreign
demand for American coal was an
important factor in high domestic
| coal prices along the Atlantic seaboard
during the first nine months
of this year, but it w^s only a minor
factor in the creation' of high coal
prices for the cbuntry as a whole,
I
the interstate commerce commission
declares in a report prepared for the
senate.
The report made public today, is
in response to a resolution adopted
by the Senate last June calling for
an investigation of the effect 8f
coal exports on domestic prices.
"It would be an serror to assume
that fundamentally the high prices
paid for spot coal are to be ascribed
mainly to the large exports," says
the report. "There also has been abnormal
domestic situation. The foreign
demand intensified the abnor
mal ^domestic demand and the several
factors together afforded an opportunity
for the exacting oi
prices not justified by the cost of
production." During the first nine
months of 1920 the commission's
tables show that a total of 30,273,379
tons of coal left the country oi
which 22,560,013 tens was exporl
coal and 6,713,366 tons was for foreign
bunkers.
With an estimated production oi
357,142,857 tons for the first nine
months of 1920 the export and foreign
bunker coal Tor the nine
months was 8.5 per cent of the estimated
total, production," the commission
declares. , ,
"In particular situations the for
eign demand plays a much more important
fart than is indicated bj
the comparison of total production
apd efcpprt for the United States ai
a whole."
During the period covered the
commission showed that the exporl
and bunker coal passing through
:es on i
v. ,
I the low price of
we must reduce
5EL0W WILL
rn ats
M, a
0 Coats for
0 Coats for ,
0 Coats for ,
0 Coats for
0 Coats for.,
0 Coats for j.
0 Coats for *
0 Coats for...! ...
0 Coats for.
0 Coats for
0 Coats for
0 Coats for
0 Coats for ?
0 Coats for
0 Coats for.
00 Coats for
ck. There is nothing
to your'interest to v
ler. bargains to offer 3
tton and silk I
ICES ARE FOR C
s. s. c
New York, Philadelphia, Baltimore,
Hampton Roads and Charleston
amounted to more than one half of
i IViQ frt PoiL
Wit, IV XVOll*
roads serving those ports, the commission
asserts were forced to buy
spot coal at the exorbitant prices
quoted at those ports and were directly
affected by the upbidding of
prices by foreign .buyers.
In July, 1920, the average price
per not on of coal at the mine was
$3.25 for ^ontfoaj&t coal compared
with $2.41 per net ton in July, 1919
the commission said, while spot c?al
in July was $6.01 per net ton at the'1
mine against $2.38 in July a year
ago. ,
| To Those W
The!
nn/\m
ImUl.
' / I ' **
Give. US fo
WE'LL MA
; >
We always have
the market afl
satisfactioi
r ' f '
L- assi
W. D. BA
t
.' V
LADIES'
?
cotton we find ot
i
our stock and w
DO THE WOi
DR]
$ 7.50 $10.00 Dresses i
9 38 1^.00 Dresses i
1H n 2ft. 00 Drpssps 1
JLVt AV ?v v 27.50
Dresses i
21.75
22.50 30.00 Dresses i
25*13 32.50 Dresses i
27 00 85,00 Dresses 1
30.00 37.50 Dresses i
33.85 | 40.00 Dresses t
45*00 ^ '^-00 Dresses t
4gjp ? 17.50 Dresses i
70.V* r,(> 00 Dresses f
in i department th;
isit ?< store while tV
^ou besides those liste
losiery at 25 p
ASH ONLY
OCHR.
~ ?
112 BURIED TODAY IN
ARLINGTON CEMETERY
Washington, Nov. 13.?Obseri
'-r>
vance of Armistice Day in Washington
today was marked by the burial
I in Arlington national cemetery of
| twelve officers and enlisted men who
' died while serving overseas, with the
navy and marine corps. A detach- .
ment of blue jackets and* marines
formed a guard of honor as the flag
J draped caskets were carried from >'
the receiving vault at Arlington/to
the graves. Representatives of the
Washington chapters of the Red
Cross and posts of the American Le- J
gion participated in the ceremonies.
1 I'"/.
rho Demand
lest in .|||
ERIES
.<1
. . > 1
* Vi' *
ur order, and ,, 1
JCE GOOD
''r8
on hand the best ; 1
'ords andi your
a is always ; ^ I
1 " "
- I \
lRKSDALE (1
' ''' '
GOODS I
H ;* >J ffi
irselves over- 1
re believe the I
\Jv
ESSES
for % 7.50 ' r'(1
for 9.00
for 18.75
J \
for 20.63
or 22.50
or :.r 24.38 *
or 26.25
or...;........: 28.13
or 30.00
or._ 35.25
or 35.63
or 37.50
at is old, out-of
Lese good values
d.
er cent off.,
1 TkT
22 j
I
. '. A.