The herald and news. (Newberry S.C.) 1903-1937, January 14, 1910, Page THREE, Image 3
DOWN GOBS COTTON.
May Cotton, Recently as High as
16.19 Dropped Under Pressure
as Low as 15.32.
New York, Jan. 10.-Under press
ure of enormous liquidation involv
ing the sale of approximately a mil
lion, five hundred thousand bales,
New York Cotton Exchange was
hard hit by a bear raid to-day, with
losses as high as $4.80 a bale.
William P. Brown and Frank B.
Hayne, who are credited with being
among the leaders of the bull cam
,paign, which bf late, has taken prof
its estimated at thirteen million dol
lars, were on the floor of the ex
chaige as active figures in one of
the most exciting zess-ions in its his
tory. May cotton, which recently
has been as high as 16.19, diopped
as low as 15.32. March touched 15.06
as its lowest point, while July open
ed 15.80, dropped to 15.32, and closed
a.point higher. May closed 15.34
and March 15.11.
The bears fought bitterly and sold
on an enormouse scale. The bull ele
ment, seeing the drift of things, took
profits on; a large line of cotton prob
ably with the idea of allowing the
shorts to sell themselves into a hole,
and a slump of 81 to 82 points re
sulted. Southern bul-Is claimed the
census figures absolutely confirmed
the government estimates of a small
crop,. but they did little to support
the market.
Call for Margins Forces Flood of
Cotton Selling.
New York, Jan.uary 11.-Yester
day's sensational break in the cot
ton market was followed this morn
ing by continued excitemegt and
very erratic fluctuations at the re
opeing of business. The calls for
additional mkrgin in consequence of
yesterday's sudden decline of near
ly $5 per baie in prices had brought
in a perfect avalanche of selling or
drs from out-of-tqwn, a%d after
opening from 10 to 18 points higher
owing to relatively. firm Liverpool
cables, the active months broke
about 20 points in less than that
number of minutes, -withi March sell
ing at 15A8 and May at 15.29 the
latter month being a shade undier
the lowest point red.ehed yesterJay.
Southern news indicated that pri
mary holders of spot cotton were .not
following the decline in futures and
this feature of the situation, com
bied with the better showing of the
Liverpool market was an eneourage
ment to remaining bulls..
After the first burst~of forced li
quidation consequently, the market
raled~ on covering and a renewal of
bull support with Mareh selling up
to 15.30 and May to 15.52, or about
$1 per bale from the lowest before
the end of the first hour.
iFluctuation's were very .irregular
during the middle of the day but the
rallying 'tendency which =developed
right after - the early break contin
ued until March contracts sold at
15.6 rad May at 15.66 or 34 to 48
podits above the low prices of. the
morning. A fresh burst of liquida
tiencaused a break of about 20
peiits from this level but generally
speking trading was less active,
with sellers less-urgent and while the
market was extremely nervous in
the late trading the close was steady
t a gain of 13 to 19 points of the
day with March closing at 15.30 and
May at 15.50,- or 21 to 24 points
aboe the low price of the movement.
TICK ERADICATION..
Over Eighty Thousand Square Miles
Freed from Ticks and Released
From Quarantiine.
Continued progress was made dur
ing 1909 'in the campaign being waged
jointly by the federal and state au
thorities and individual cattle own
ers for the extermination of the tieks
which spread the disease known as
Texas or tick fever of cattle in the
South. An order issued ,by the Sec
retary of Agriculture on December
2, 1909, and effective December 6,
released from quarantine areas
amounting to 9,266 square miles, and
13,544 square miles were released lasi
spring, making a .total of 22,81(
square miles released during the pasi
year as a result of having been freet
from ticks.
-The totol- territory released frou
federal quarantine since the bveginning
of the work of tick erad.ication three
and a half years ago amounts to mori
than 80,000 square miles, as follows
by states.
V irginia.. .. .. ...-.-.-.--.-.9 ,T
N orth Carolina....... .10 -1 ,191
South Caroiina.. .......-...2,67
Tennessee...-.--.-..-..-.--.-.9324
K entucky..............-.8-- 4:
Aikansas...... .. ..--.-...6,07
Okama..........----.44,75
Texas.. 1,481!
California.. ............35,706
Total .... .... .... .. ..81,357
The large area in California -s
compared with the other States is
due to the fact that in that area the
number of ticks was comparatively
small. Operations in that State, there
fore, have yielded much larger pro
portionate results than in other sec
tions where the ticks were L.uh more
numerous.
The policy of the United States De
partment of Agriculture is to work
only in States and localities where
the state and local authorities are
prepared to assist and where public
sentiment is favorable. Congress has
appropriated $250,000 for the feder
eral work during the current fiscal
year, and appropriations by States
and associations increase the total
sum available for the year's work to
-approximaty $400,'000L
"There is no longer any doubt that
it is entirely practicable to extermi
nate the ticks throughout the entire
region now infested by them," says
Dr. A. D. Melvin, Chief of the Unit
ed States Bureau of Animal Indus
try, who is in charge of the federal
work, in his annual report to the
Secretary of Agriculture, "and the
accomplishment of this result will
be of tremendous economic advan
tage not only to the South but to the
whole country. The rate. of prog
ress depends mainly on two factors
-4he amounts appropriated by the
federal and state governments and,
the cooperation of the people."
The territory released from quar
antine by the recenit order of the
Secretary of Agriculture, efective
December 6, is as follows: In Texas,
Scurry county; in Oklahoma, Har
mon county, that portion of Greer
county west of the Kansas City,
Mexico and Orient Railway, that
portion of Caddo county north of
the Mangum branch of the Chicago,
Rock Island and Pacific Railway,
and the remainder of Canadian coun
ty; in Arkansas, the'counties of Mis
sissippi a.nd Poinsett; in Tennessee,
Warren county and the remainders
of Putnam and Dekalb counties; in
South Carolina, the - counties of
Oconee, Pickens, Greenville, and An
Aderson; in Virginia, Lunenberg and
Mecklenburg counties, and Breton
district of York 'county.
"TENNESSEE" DUTCH SLAIN~
Noted Yeggmnan who .Escaped from
Greenville Jail Victim of Tal
lahiassee Boy's Buillet.
Tallahassee, Fla., Jan. 10.--One
ofthe postoffide robbers, who was
killed by the boy, Saule, Saturday,
was identified this mor.ning by Post
office Inspector Fred Roege as "Ten
nessee Dutch," a notorious -racks
man, who recently made his escape
from the Greenville, S. C., jail, and
who has been sought all over the
country. .The other dead man was
partially identified by a weeping
young woman as a friend of hers
who called himself Walter Rexter.
The real name of "-Tennessee
Dth" was Garber Moore. He was
the son of Jacob Moore, of- Cla2rks
vile, Tenn., and is said to have had
a long criminal record. He escaped
from the jail at Greenville, i S. C.,
April 3, 1909, by the use of dyna
mite, -together with George Barton,
alias "iChicago Army." Barton was
captured at Craggy, N. C., after a
desperate fight.
Aeting on information furnished
by the youtzg woman who identified
the younger robber, the police expect
to capture the third man, believed to
have acted as a picket for the rob
*ers when they attempted to enter
the postoffice building Saturday.
Explained.
Prof. Roberit rne . of the Uni
versity desired to point ou to a
young sonneteer the diff&renes be
tween the words "astonish" and
"surprise."
"Noah Webster," Prof. Herrnek
said, "was on c aught* by his wife
in the act of pressing the hand of
the pretty cook. . -
" The cook, blushing like a rose,
fled at oce to her kiethen. Mrs.
Webster said in *a sad, tremulous
"'Why, Noah, I am surprised.'
"But the philologist, from over his
glasses at his wife,* pnswered re
provingly:
" 'Madam, you have not studied
our glorious language as you should.
It's I who am surprised. You are
astonished.' "-Philadelphia Ree
ord.
Chamberlain's Cough Remedy nev
er disappoints those who use it 'for
ob~tinate coughs. colds and irrita
tions of the throat and lungs. It
Istands unrivalled as a remedy for
all throat and lung diseases. Sold by
W E 'Pehham & Son.
NEW.B:
Hardwar
C
WE HAVE A COMI
Guns, '
Amr
AN
Sporting
of every de
Come and see (
buyil
The Best G
at.tl
Newberr
Hardwai
Compan:
ASSIGNI
IALL 000DS ON liAN
To Pay Whai
WE MUST HA
Goods Must bi
* into C
"Your Money V
Service He
Anywher
0. KLEI
Our Loss is
Balanced:
( 4Your passbook-bring it in today
(Checks listed and the book accui
Burroughs Adding Machine-a guar
I mrent by use of time-savn bg s
ERRY
ompany
PLETE LINE OF
nunition
D
Goods
scription. I
)ur line before'
rig.
oods
.ie
st Prices.
ay
bENT
D) ARE ASSIGiNED
t We Owe.
VE MONEY!
a Converted
ash.
1111 Do Better
we Than
a Else."
TNER.
'our Gain.
n aDay
gtit back tomorrow.
ately balanced by the infallible
antee against error.
Sservice in every depart
ress methods.
(To open an'-account, see the
cashier-fill in a signature card
and make your first deposit. it's
simple enough.
Comercial Bank
9RA
DT H E
IF R U
Apples,
Grapes,
Candie.
Raisins, Prl
Dates., Citro
Lemon and I
Cr. Tartar, B#
. Extracts a
All kinds tablo
Pickles,
Coffee, Tea e
Fancy land Ste
We have a few
old stock that will
of price.
IJONES' I
INO
i.air.o..1
To my friendls that h
years in my
LAUNDRY A(
I thank you, and I am
WHITE' STA
Of Ne'
and I ask still that you
. trying to establish a fia
and if you will all she
some-times overlook
first class work as yot
other trial, I believe '4
- with good work and
time. Yoursi
ANNIE(
Up-Tow
MONU2
I am repr<
Mckenburt Marl
CHARLC
in this section, and 'a
prices on anything in
Tablets, Monuments, E
my prices before placii
and work guaranteed fi:
B. BHL LER la
BESTi
ITSj
Oranges
Bananas
sNutsi
uines, Figs
n, Currants
Drange Peel
king Powder
nd Spices
. condirrents
Etc., Etc.
,nd All Kinds
Lple Groceries
Toys left from our
be sold regardless
IROCERY
'ICE.
are stuck to me all these
~ENCY WORK**
- LAUNDRY
Aberry,
stick to me. We are
at class Lanndry here,
w a little patience, and!
us when we do not-dor
want us, give us -an-.
re will come out 0. KL
prompt service all the
to serve,
).RUFF,
ni Agency.
W1ENTS.
senting the
1e and Granite Ce,
TTE, N. C.,
rn prepared to make you
the way of Headstones,
~tc. See, rny cuts and get
ig your order. Material
rst-cla ss.
IEWBERRY, S. C.