University of South Carolina Libraries
SS1ST TONIC When the system gets debilitated and in a run-down condition it needs a tonic and there has never been one scovered that is the equal of S. S. S. It is especially adapted for a systemic remedy, because it contains no strong minerals to derange the stomach and digestion, and affect the liver and bowels. It is made entirely of roots, herbs and barks" selected for their purifying and healing qualities. and possesses just the properties that are needed to restore to the boay strong robust health. When the blood becomes impure and clogged with waste matters and ooisons the body does not receive suf- I have used your S. S. S. and found it to be an ficient 'nourishment and suf- excellent tonic to build up the general health and fers from debility, weakness, give tone and strength to te systemt. I have used sleelessessnervusneser things highly recommended, but S. S. S. did sleeplessness, nervousness, me more good than everything else combined. As loss of appetite, bad diges- to its tonic properties it gives a splendid appetite, tion and many other disa- refreshing sleep, and the system undergoes a gen greeable symptoms of a dis- eral building up under its invigorating inluence. ordered blood circulation, 548 Woodland Ave., Warren, 0. MRS. KATE BrCK. and if it is not corrected some form of malignant fever or other dangerous disorder will follow. S. S. S. builds up -the broken down constitution, clears the blood of all poisons and impurities and makes it strong and healthy. The nerves are restored to a calm restful state, refreshing sleep is had again, the appetite returns and the whole system is toned up by this great remedy. S. S. S. is a blood puri fier and tonic and acts promptly in this run-down depleted condition of the system. Book on the blood and medical advice furnished by our physicians, without charge. THE SWIFT SPECIFIC CO., ATLANTA, GA. Say Plainly to Your Grocer That you want LION COFFEE always, and he, being a square man, will not try to sell you any thing else. You may not care for our opinion, but What About the United Judgment of Millions of housekeepers who have used LION COFFEE for over a quarter of a century ? Is there any stronger proof of merit, than the Confidence of the People and everincreasing popularity? UON COFFEE is carefully se lected at the plantation- shipped direct to our various factories, where it is skillfully roasted and carefullypacked in sealed pack ages-unlike loose coffee, which Is exposed to germs, dust, in - sects, etc. LIONCOFFEEreaches you as pure and clean as when 0. It left the factory. Sold only in * ' 1 lb. packages. Lion-head on every package. Save these Lion-heads for valuable premiums. SOLD BY GROCERS EVERYWHERE WooO gngs Co., Toledo, Ohio, T. S. ROGAN, President. C. M. DAVIS, Secretary. ] ELusoN CAPERS, JR., PH. (i., Manager and Treasurer. E. E. PLATT, PH. G.. Second Prescriptionist. SCliina! China! China! ' Real'China at prices never before offered. We imported di Sreetly from Germany a handsome assortment of Real China. S This line comprises ~Cups, Saucers, Cake Plates, Olive Trays, Fruit Plates, Shaving Mugs, Etc. S For the next thirty days we will offer the entire assortment Sat 10e apiece, I O CClT Piif S This offer of Real China, thin, light and beautifully orna - Smented at 10c was never before equaled. Call and see this offer for yourself. __ IT'S A FACT, IT'S FOR SALE AT ~THE CAPERS DRUG COMPANY, SUMMERTON, S. C. ~I~.1J TiT/IUC K~i1eT lN E 1;9UGHFHlARofIksfiVL N RTH AIND S UTH .Florida-Cuba. A passenger service unexcelled for luxury and comfort equipped with the. latest Pullman Dining, Sleeping and Thoroughfare Cars. For rates, schedule, mags or any informa tion, write to WM'. J. CRAIG, General Passenger Agent. Wilmington, N. C. '*Y DON'T YOU PAINT? Whpun you do get, ready to. a postal tO us will be of great assist anee to you. jLELAND MOORE.PAINT & OIL CO, Manufacturers of Paints for Every Purpose. + Office & Factory, 211 East Bay, Cirleston, S. C. ~4oo **0**car0a0O OOwOO+O~O~Oo*oo*~O~ 0 HIGHER COTTON PRICES LIKELY. C. C. Cowan Makes Exhausitve Analysis of the Market Situation-Chances for a Fanine in the Staple are Great. C. C. Cowan, whose opinions on the mlarket are always of the greatest interest to the trade, will today send out a letter that I suggests some new ideas, per haps, and is a very interesting expression of opinion, to say the least. Following is the letter in full: Now that the authorities have given us the acreage and condi tion of the new crop and the season is sufficiently advanced to give us some clue to the general prospects, and crop estimates by premature guessers ranging from 10,000.o0o to 12,000,000 bales, let us take a look at the situation and see if we can di vine what developments the future may hold in store. And in all of our reasoning and cal culating we must bear in mind that the results produced by sta tistics are dependent almost en tirely upon the existing condi tions in trade and the existing prices: that a crop of 13,500,000 is worth higher prices to a trade condition requiring 13,500.000 than a crop of 10,000,000 is worth to a trade condition not requiring 10,000,000; that a sur plus of 2,000,000 is less . of a weight on a prosperous market than a surplus of 500,000 is on a market suffering from poor trade; that when cotton is de pressed below its legitimate value it can advance in the face of bearish statistics, and that when it is boosted above its leg itimate value it can decline in the face of bullish statistics. We recall how in the fall of 1899 cotton advanced consider ably from the previous low point notwitistanding the ex cessive stocks of cotton and goods which accumulate in con sequence of the two bumper crops of over 11.000,000 each, because cotton had been de pressed below its value and trade was on the mend-. We saw cotton decline from previous high levels in the falls of 1903 and 1904 with famine supplies of cotton and goods, partly because cotton had been forced above its legitimate value, but mainly be cause trade was exceptionally poor. Now then, the census report tells us that there have been .13,600,000 bales ginned in the South this season. Whereas some of that was marketed in August last, we will assume that an equal amount of the new crop will come in sight this Au gust, and we will deal with a yield for the fiscal year of 13, 600,000 bales, less 100,000 bales which will be lost to the trade on accou~nt of country damage, etc. Adding the visible supply on Sept. 1,-last, of 470,000 bales, we will assume that the total supply for the season is in round figures 14,000,000 bales.. Of the 13,500,000 of this crop available we have marketed 12,420,000 bales leaving apparently in the planters bands 1~,000. bales, added to the present visible sup ply of American of 2,440,000 bales, leaves us 3,520.000 bales to draw from for the remaining 12 weeks of this season. Formerly, it was an element of weakness for a part of the surplus to be carried over by the planters. But since the South has shown its financial ability to carry 5.000,000 or 6000,000 bales of cotton without any signs of distress, it does not matter much in what proportion the surplus at the end of this season may be held by the planters, the spiners, or in the visible sup ply. 'the merits of the situation will be about the same. But, without attempting to approxi mately predict in what propor tion the surplus will be divided between the three, let us assume: a division which would seem a natural result. If the move ment averages 72,000 bales per week for the balance of the sea son the planters will be rid of all their cotton excepting 220,000 bales. This much is usually carried overby them in normal seasons. Under normal condi tions the spinners of the' world carry over stocks equal to fro-m one to two months consumption, the average being about six Iweeks supplies. At the end of the past two famin'e years they held only two to three weeks Isupplies. I place the consump tion of American cotton this sea son at 12,000,000 although some authorities place it at 12.250,000. The spinners havc secured 10, 500,000 bales plus their stock on Sept. 1 last, estimated at 55o,ooo or 11, o~o,ooo bales total. If their takings average 183, ooo bae weekly from now on, or 2,2o,ooo bales, their total sup ply will be 13, 25o, ooo bales, wich would leave mill stocks suficient for only five weeks consumption, a supply belogy the average, and dangerously limit ed withi the mills so enormously committed ahead. This would leave a visible supply of Ameri can cotton of 1,10o0,000 bales, which was considered a moder Iate visible in former seasons when it used to range from 1.oooo00 to I,5oo,o00 bales and cotton ranged in price from 8 to 10 cents per po~und. My guess on the distribution of the sur plus Sept. 1 next visible and invisible, would therefore be about as follows: Held by planters, 22o,ooo bales-normal. Spinners' stocks 1.25o, 000 bales-small. Visible American, 1,10o0.000 bales --moderate. Mind you, we must get away fro freak and famine condi tions and compare with normal conditions. With the above es normally good, cotton should range between 8 and 10 cents as the crop news comes good or bad. We are figuring on good times now, not hard times. Now, let us consider the pos sibilities and probabilities and endeavor to reach a reasonable conclusion as to the chances at present for a supply of the raw material the coming season. But tirst, let us assume various yields for the coming crop and arbi trarilV distribute the surplus which would remain from each on Sept. 1 1906, assuming next year's consumption to be 12, 0oo,ooo bales. It is obvious that if the next crop is 12,ooo, ooo the statistics on Sept. 1, 1906 will be the same as those on Sept. 1.19o5, or about as fol lows: Held by planters-d2o,ooo bales-normal; spinners' stocks, 1,2o5,ooo bales-small; visible American. 1,loo,ooo bales - moderate. With a crop of 11, Soo,ooo bales we would have about as follows: Spinners' stocks, 1,25o,ooo bales-small; held by planters, 12o,ooo-small: visible supply, 700,ooo-very small. With a crop of 11,oooooo we would have: Spinners stocks 1,ooo,ooo-very small; held by planters, nothing-famine: visi ble supply, 57o,ooo bales-fam ine. It is useless to proceed further down the scale, for any yield under 11,ooo,ooo bales would intensify the famine con ditions resulting from a crop of not over 11,ooo,ooo bales. Now then, how large a yield seems possible for the growing crop? Deduct 11.4 per cent from the acreage; assume that there is no reduction per acre in fertil izers: assume that the present season will prove as perfect as the last: assume that the boll weevil over an increased area will destroy no more late planted cotton this season than early planted cotton last season, as sume a late open fall, and the yield could be 12,ooo,ooo maxi mum. How large a yield seems possi ble for the growing crop? De duct from the present crop of 13,ooo,ooo bales, 11.4 per cent acreage: assume that tLe season will continue only 5.8 points lower in condition than last year, remembering that the conditions shown in August, September and October last year were respec tively the next to the highest on record; a -condition of 77.2 per cent, being 7 per cent lower than one of 83, deduct 7 per cent also, making a deduction of 18.4 per cent from 13.ooo,ooo bales, and we have 11,ooo,ooo. Then as sume that the boll weevils and frost will. between them, destroy 2ooooo bales inore this year than last, and we would have a crop of 10,8oo,oo bales. How smail a yield seems pos sible for the growing crop? We have, roughly speaking, 3 per cent less acreage and 3 per -cent better conditions than in 1903, when the crop was 10,000,000 blles. If conditions continues not over 3 per cent above that season and we have an early general frost on an abnormally late crop, which would destroy at least 500,000 bales, we can have as small a crop as 9,500, 000 bales. If we have a good average yield per acre, 'or 197 pounds of lint cotton per acre, which is the average for 11 years, including the four bumper crops, the yield will be 1I,000,000 bales. If we have less than a good average yield per acre we shall have a still greater cotton famine. I assume the acreage to bel 28,112,000 as estimated by the correspondents of the Agricul tural -Department. I ignore Hyde's afterthought that the acreage only meant acreage ac tually planted. If they plant on to June 15, the acreage will be as large as last year; and if they plant on to July 1~, it will be still larger. But they are not going to plant on, and the cotton would make nothing if they did. The planting was stopped in order to try to save the pl'anted areas from the grass. However, any little planting done after May 25 is more than offset by aband onment of acreage. I have just returned from a trip through a part of the eastern belt where they claim that the crop condi tions are the best in the South All the cotton I saw that was cultivated to good stands was no further advanced than it should have been on May 10. There was as much of it grassy, or not. up, or badly beaten by rains and needing cultivation. I get worse reports from the middle and western districts, the worst of all coming from Texas. By refer ence to weather reports it will be seen that during the last crop there were complaints of low temperatures and dry weather about the time the crop was being cultivated, and this gave them clean fields and plants with good tap roots. This crop has been soaked with rain dur inglits similar stage of develop ment, and with its surface roots, must have weather made to order to avoid failure, as it can stand neither continuous rain nor dry weather. The boll weev ils now cover 33 per cent of the total cotton area. In considera tion of all this I cannot feel sanguine of anything more than a good average yield per acre, no matter if conditions do im prove, which would mean a crop of 11,000,000 bales. In the New York Commercial of April 27 last, I called the at tention of the trade to the enor mous short interest existing in spot cotton in the form of goods sold ahead. Before 11 o'clock that iday Theodore H. Price, being a bull that day, had ap propriated my .argument and was distributing it here and endno- it over the wires mor his own signature. However. that does not detract in the least from the force of the argument. The situation presented to us by the spinners of the world is something entirely new to the cotton trade and gives us prob lems to solve, facts to consider and risks to guard against sure. Never in the history of the cot ton trade has there been such prosperity and such demand for goods. In former seasons we have known the mills of some countries to be sold ahead for six months while those in some other country would not be do ing so well. But here we have them all sold ahead to an aver age date of 12 months. and at such an enormous rate of con sumption that it requires 1,000, 000 bales a month to keep them running. And the sales have been made at most profitable figures. much above the present price of cotton. Still there is no let up to the demand for goods, and they are steadily ad vancing and the mills are still selling ahead. I estimate that since the be ginning of this season the spin ners have sold goods requiring 20,000,000 bales of cotton, and, they cannot stop selling alto gether. So far they have had in old stocks and takings about 11, ooo,ooo bales and are short about 9,ooo,ooo bales, and are still sell ing at higher prices. A part of this short interest is carried by cotton dealers who have sold ahead to the mills, and a part of it is carried by the speculators who have sold the future hedges that have been bought by the spot dealers and spinners, but the short interest is there just the same. A consumption of 1,ooo,000 bales a month and a short inter est in spot cotton of 9,oooooo bales! Who in the cotton trade has ever heard of such things as these? Who has ever had any experience that would be of value in dealing with such stu pendous situations? What gyra tions we may have, and who would know what to do under critical or unexpected., develop ments' Speculations carried up to Sc a pound last season, but trade wras poor and the mills were noi committed ahead to any great extent. Where would it ever stop this year if this monstrous short interest in spots should become alarmed? And what would happen to the large short interest in futures? There would be fluctuations and dangers that would try . men's souls and finances as they have never been tried before in the cotton trade. On the advance we would hear of no mills shutting down, unless they should have to default their contracts. We would hear of- no cotton being shipped back here from eastern mills and Liverpool for delivery. We would hear notinug o~f the demand for spots being checked by the advance in the market. We had all of these to contend within the big bull movement of the last two seasons. No, nothing of the kind this time, for the spin~ers have got to have an average of 1,0o0,000 bales a month of American cot ton coming to them for the next' 12 months, for the~y have sold the goods. And if they cannot get the cotton that fast they are going to buy futures for protec tion. I warn you that cotton values are resting upon a ma~gazine like gunpowder. If all things come phenomenally favorable for the growing crop we may range round these prices for some time. With a crop of 12, ooo,oo00 ext season cotton might sell temporarily as low as 7 1-2 cents some time next fall. Buat with a crop of much less than 11,0ooo, 000 some one wiser than I would have to guess how high it would go and how fast. Should a crop disaster set fire to this magazine cotton could advance to 2oc as easily as it could to loc.-New York Commercial. On the special occasion of my recent attendance as Commissioner to the Gen eral Assembly of the Presbyterian church at Nashville, I was taken with a severe dvsentery, accopnidby great pain. 'Two doses of Dr. King's Dysentery and Diarrhoea Cordial gave me permanent relief and enabled me to be in regular attendance and par ticpate in the leading movements of that body. John W. Moore , Commissioner Mecklenberg Presby tery. 2-5c at Dr. W. E. Brown & Co.'s. In the early summer of last year an emergency arose Mhich Mr. R. Mon roe, of Marion, S. C., w~as equal. He writes: "Dr. King's Diarrhoea and Dysentery Cordial is tbe best medicine for bowel trouble I ever saw. I saved the lives of three .children in my neigh borhood in the last few days. after the doctor had given them up to' die." It's the best and surest on earth. 25c, the p-ice. Sold by Dr. WV. E. Brown & Co. YOUR OPPORTUNITY. Make Up Your Mind to seek It Rath er Than Walt For It. It is a dangerous thing to wait for opportunities until it becomes a habit. Energy and inclination for hard work ooze out in the waiting. Opportunity becomes invisible to those who are dJo ing nothing or looking somewhere else for it. It is the great sworker, thie man who is alert for chances, that sees them. Bome people become so 9pportunilty blind that they cannot see chances any werethey would pass through a gold mine without noticing anything pre cous-whle others will find opportuni ties in the most barren and out of the way places. Bunyan found opportu nity in Bedford jail to write the great est allegory in the world on the un twisted paper that had been used to cork his bottles of milk. A Theodore Parker or a Lucy Stone sees an oppor tunity to go to college in a chance to pick berries. One boy sees an opening to his ambition in a chance to chop wood, wait on table or run errands, where another sees no chance at all. One sees an opportunity to get an edu eation in the odds and ends of time, evenings and half holidays, which an other throws away.-O, S. Marden In sncess Magmzine. DOGS AND DEER. A Mad Flight F-or Life In the Wilds of Siberia. The strength of heredity both in wild and in domesticatel animals is bruglit into clear light by an incident relaed In a book, "In Search of a Siberian Klondike." The authors of the book were traveling by dog team through the wilds of Siberia. At 4 o'clock in the afternoon the dogs suddenly broke into a swift run, and we knew they had scented something that interested them. We soon per ceived th at we had struck a deer trail and that we were nearing an encami ment. We turned a bend in the road, and there a hundred yards ahead of us we saw the cause of the dogs' excite ment. A team of reindeer were running for their lives. Their Tungus driver was lashing them with the whip and was urging them with all his might, for he knew as well as we that if our dogs overtook them before the camp was reached we seven men would be utter ly powerless to prevent the dogs from tearing the deer to pieces. Our driver put on the brake with all his might, but it had not the least effect. The fourteen dogs had become wolves in the turn of a hand, and no brake could stop them. There were many stumps and other obstructions along our way, and my driver had great difficulty in preventing a smashup. For a short time the deer held their own and, in fact, gained on us, but before the yurta (village) came. in sight we were gaining rapidly. While we were still at some distance the people of the village, warned by the eries of the dogs, comprehended what was the matter and, arming themselves with sticks and spears, nme running to ward us. As they came on they spread out in a fanlike formation across the trail. When the terrified deer reached the line the men spread out and let the team through and instantly closed again to dispute the passage of our dogs. Our driver was nowise minded to let the natives club his dogs and perhaps injure the valuable animals, so he . - sorted to the last expedient. Giving a shout of warning to me, he suddenly by a deft motion turned our sledge completely over, landing me in a snow drift on my head. In this position the sledge was all brake, and the dogs were forced to stop. They were leaping in their harness and yelling like fiends incarnate. I sat up in the snow bank and laugh ed. The otlier dri-rers had folloqed our example, and the struggling tangle of sledges, harness, dogs and men formed a scene that, to the novice at least, was highly ludicrous. The drivers and the vi!a ae people were belaboring the dogs. and tile entire herd of reindeer belong ing to the village was escaping in, all directions up the hills. The reader may well ask how the na tives can use both dogs and reindeer if the sight of a deer has such a madden ing effect on the dogs. The explana tion is simple. The two never go to gether. There is the dog country and the deer country, but they do not over lap. Confusion is often unavoidably. caused by traveling with dogs through a deer country, but the natives do not take it in ill part, knowing that if they themselves have to travel with deer through a dog country they will cause quite as much inconvenience. Cold Blooded Mant. "Mar. Is the coldest blooded animal there is," said .a .well known doctor. "Man's low temperature," the doctor went on, "Is responsible for more than half his ailments. Your normal tem perature Is 98% degrees F. It is only when you have a bad temperature that you get as warm as any of the lower anmals-that Is so say, when you are in a high fever, with a tempera ture of 102, you are at the normal heat o'f the cat, the dog, the ox, the rat, and so on. In the coolest of seas the por poise is never cooler than 100 degrees. The bat, the rabbit, the guinea pig, the hare and the elephant likewise are all cool at 100 degrees. The hen has the highest temperature of all the lower creatures, and it is a good deal warm er, too, when alcken. Its tempera ture then is as high as 111, but age and experience eQol its blood by 5, de grees"-New York Globe. The Old Japanese Mail. In the days before the ports of Ja pan were opened to foreigners, before telegraphs, railroads and electricity had found their way into the island empire, the Infrequent mails were car ried by post runners, who -wore the merest apology of a loin cloth and blue and white rage around their heads. They wore for the most part an elab orate suit of tattoo, with a red star on each shoulder, the mark of their call ing.. The letters were incased In a waterproof package and secured to the end of a bamboo pole. With this over his shoulder and a pair of fragile san dals on his feet the runner started on his long journey, making from 7'5 to 100 mIles per day. The distance they covered seems incredible, but the men were trained to speed and had remark able endurance. Money to Loan. Emasy rerms. APPLY TO Wilson& & DuRant. Easily Made Money ! WRITE LIFE INSURANCE. Good reliable agents wanted for the PENN MUTUAL LUFE INSURANCE CaMPANY. Address, P. MOSES, JR., General Agent, Sumter, S. C. THE SUMMERTON HOTEL Having made special preparations,_ I am now better prepared to entertain the traveling public than ever before. I especially invite the transient pat ronage. ~ H. A. TISDALE, Proprietor. Woodmnen of the World. Meets on fourth Monday nights at Visiting Sovereigus invited. Surveyor's Card. I amt prepared to do land survey in andmn ake plats in Clarendon and adjoining counties. Work accurate, H. T. CANTET. Snnmmerton. . C(, Feb. ", 19053. ~WE UODIALiNTWI The public to come and inspect our stock of a Fancy k Staple Groceries 8 We carry this line and will cheerfully give you prices, as it is to your interest to keep in touch with them. FLOUR. 3 Yes, we have the best Full Patent and if you are somewhat dissatisfied with your flour, try our 100 per cent. and we feel reasonably sure you will be pleased, that is if you are looking for a high class artice, We carry both parched and green, and if you want a first class article, something nicely flavored and contain ing good strength try some of our Coffee. We beg that you do not confuse these goods with pos sibly others you have been using. Can we quote you prices in bulk? Certainly, with pleasure. Call and see. Can supply your wants to the letter. In the way of Farm Imple ments prices are guar anteed. Call to see us-. DICKSON HARDWARE COMPANY, Levi Block. BRING YOUR J O B W OR K TO THE TINES OFFICE. Geo.S. Hacker &Son ILm O C Moulding and.Buingin MaterialN Pic Sas WeightsGI4aand Cords.O Windowt anddFQuickestsCureSfocialt. Scholrshi andHROTEndtrance~UB courtE e onSFrodryMONel th, a ngu____y __,_____est he veBraoyeaaru Stre Diaofors p Sah Blnds H.LSSE MAteIal, MA.INC. C CHARLESTON, S.UC. THoT and arefu aeTonReB Schlarhi an Enrace MH. LDESN , Examnatin. . ATTORNEY AT LAW, Theexaintio fr te aar ofvaant SMAENN G, S. C. A. bI Aplcatsmut otbeles ha fftenI T M.'ANNIN, S.C years of-Paoe.tWhendschlaruhipsttretionativen aferJuy , he wllbeawrdd o hoe ATTORNEY AT LAw, tio poviedthe metthecoditon goer- ANNING, S. C. exaintin orehlashi aplea~o ban J.~. s. W1 so . CHARLTON DURANT. Th nx ssso wlloenSetmbr O l: -ILSON & DURANT, IAtlorneys and Counselors at Law, DR J. RANK GIGER.MANNING, S. C. - DENTST, OSEPH F. RHAME, 'Phone No. 6. I MANNING, S. C. DR. J. . CLEKodol Byspepsia Cure DENTIST' Digests what you eat. Nettles Building. upstairs, ____ _____________ m AG S. C. Rring ur Joh Work to The Times offiee