The Union daily times. [volume] (Union, S.C.) 1918-current, July 31, 1920, Image 5
TODAY'S COTTON MARKET
% New York, July 31.?Cotton futures
opened easy; October, 32.05;
December, 30.50; January, 29.60;
March, 29.10; May, 28.80.
New Orleans, July 31.?Opening:
'October, 30.97; December, 30.00 bid;
January, 29.44; March, 28.95 bid;
May, 28.41 bid. Market steady.
New Orleans, 'July 31.?Continued
highly favorable weather over
the belt, further unfavorable textile
reports and expectations of high
condition figures from the government
gave the cotton market a soft
tone today. The opening was lower
and in the first hour of trading
prices fell 48 to 54 points, October
landing at 30.50. Today ends the
old year in cotton and expectations
of bearish items in the annual figures
appeared to influence trading
to some extent.
New York, July 31.?General selling
in the cotton market based on
fnvnrnKlo wontKnr
-X . V.W- .* C*IIV* VC1 muumy
reports from textile circles, caused
a violent break of 32 to 42 points
in the first half hour, sending October
off to 31.60; December to 30.20
and January to 29.43, the lowest levels
reached on the present decline.
Covering orders were readily supplied
and very little outside buying
appeared because the trade is anticipating
a bearish government report
on Monday.
New Orleans, July 31.?Selling
pressure continued to the close, which
was at the lowest of the day, at
losses of 65 to 71 points. October
traded down to 30.31. While there
was more or less realizing of profits
on short contracts the demand from
this source appeared to be supplied
by liquidation from the long side. The
forecast of fair weather for the
greater part of the belt was regarded
as a selling argument of great force
and offerings included substantially
after it was posted.
New Orleans, July 31.?Spot cotton
steady and unchanged. Sales on the
spot 1,446 bales; to arrive none. Low
middling, 28.00; middling, 38.75;
good middling, 43.00; receipts and
stock blank.
New York, July 31.?The cotton
seed oil market closed easier. August,
11.50; September, 12.38; October,
12.71; November, 12.30; December,
12.25; January, 12.29; February,
12.35; March, 12.40. Total sales 12,600.
Prime summer yellow and prime
crude nominal.
New Orleans, July 31.?The cotton
market closed barely steady, at net
declines of 65 to 71 points.
High Low Closing
Bid.
October. . . . 31.00 30.313 30.31
December .... 30.00 29.35 29.35
January. . . . 29.45 28.90 28.90
March 28.95 28.50 28.50
May. v . . . . 28.40 27.90 27.90
New York, July 31.?The cotton
market closed irregularly.
High Low Closing
Bid.
October 32.05 31.27 31.27
December. . . . 30.50 30.00 30.00
January 29.60 29.20 29.18
March 29.15 28.90 28.90
May 28.80* 28.50 28.50
New York, July 31.?Spot cotton
quiet; middling 40.00.
| fMWICI MMET |
New York, July 31.?Selling pressure
which characterized yesterday's
trading in stocks was not renewed
when the market opened today. The
list was steady at the opening and
changes for the most part were limited
to small fractions. United
States steel opened off quarter at
87 7-8, but quickly rose to last
night's close. Reading made the best
showing among the dividend paying
rail shares, opening with*a gain of
3-8. Offerings were small and the
market became lueless soon alter the
opening.
New York, .July 31.?Money and
exchange-mercantile paper 8, exchange
firmer; sterling Go day bills
3.68 1-4, commercial 60 day bills on
banks 3.68 1-4, commercial GO day
bills 3.67 3-4, demand 3.72 3-4, cables
3.73 1-2, francs, demand 7.688, cables
7.70. Belgian francs, demand 8.1G;
cables 8.18;; guilders, demand 41.10;
Lire, demand 5.3G; cables 5.38; marks,
demand 2.35; cables 2.37. New York
exchange on Montreal 10 7-8 percent
discount. Government bonds steady;
ra-lroad bonds steady.
New York, July 31.?Sales of the
American Tobacco Company increased
approximately 1.44 per cent
during the period of 19.12 to 19.19,
according to report of the company's
business for last year, made public
today. Sales in 1919 were $146,023,
730 compared with $67,950,257 in
1912, an increase of $78,073,473.
With the distribution of a 75 per
cent stock dividend in August, the total
capital, including the funded
debt, will have been increased to
$161,056,100, an increase of 67 per
[, cent over 1913.
*
Washington, July 31.?;l^eaf tobacco
stocks July 1 aggregated 1,452,962,024
pounds, compared with 1,400,963,823
a year ago, the census
bureau announced today.
Stocks by types: Chewing, smoking,
snuflf and export, 1,013,719,134
pounds; cigar 350,602,935 pounds, im|
ported 88,549,955 pounds.
Washington, July 31.?Ix?af tobacco
stocks July 1 aggregated 1,452,962,024
pounds, compared with 1,400,963,823
a year ago.
Chicago, July 31.?Wheat broke almost
10 cents shortly after the opening
today, owing to reported rains in
parts of Missouri, Nebraska and Indiana,
with prospects of more wet
weather, which had a depressing influence
on all grains. There was sufficient
buying, however, to offset the
break and a moderate rally followed.
Opening quotations of wheat ranged
from 2 l-2c to 4c lower.
New York, July 31.?The actual
condition of clearing house banks
and trust companies for the week
shows that the reserve held is $6,806,520
below legal requirements.
This is a decrease of $1,810,000 from
last week.
Chicago, July !. ?Potatoes weak;
all varieties 5.75 '-.26.
Chicago, July 31.?Butter and eggs
unchanged; jpoultry alive, lower;
fowls 20 1-2; broilers 38@40.
Chicago, July 31.?The break in
wheat combined with rain reports,
helped carry corn prices down.
Opening prices ranged from 7-8c to
3 l-2c lower. %
Oats took the same course as com.
Provisions were weak.
New York, July 31,?Butter weaker,
creamery firsts 51 l-2@54 1-2;
eggs, irregular; fresh gathered
firsts 47@50; cheese steady, 25@
26 1-2; liv epoultry steady and unchanged;
dressed quiet.
New York, July 31.?Trading diminished
in the stock market toda
although the tone was cheerful ar 1 I
there was no reappearance of the I
steady pressure to which the list was i
subjected during the previous ses-1
sion. After a slow and uncertain |
opening the market rose slowly and
at the closing quotations of most of
the active issues showed slight gains.
Railroad stocks were in best demand.
St. Louis Southwestern made a new
high record for the year at 22. Inquiry
for industrials was more limited.
The closing was steady, sales
approximated 150,000 shares.
LIBERTY BONDS ,
New York, July 31.?Closing Liberty
bond prices today were: 3 l-2s (
91.08;; first 4s 85.60; second 4s 84.50;
first 4 qrs. 85.82; second 4 qrs. 84.60; J
third 4 qrs. 88.64; fourth 4 qrs. 85.06. i
Victory 3 3-4s 95.72; Victory 4 3-4s '
95.76. \
REVIEW OF
STOCK MARKET
New York, July 31.?The trend of ?
the stock market was decidedly down- ^
word. A number of prominent issues
in the industrial division recorded minimum
quotations of the year, while
United States Steel- fell to its lowest
price in almost two years. "
Declines were accomplishey by a no- C(
ticable increase of offerings, much of f<
which probably resulted from involun- "
tary liquidation of speculative com- ^
mittments, while bearish pressure (~
helped to swell the larger and more ic
varied dealings. v
Credit conditions were again the *
chief drawback, the money market remoining
very stringent, except for call p
loans. These were comparatively easy ?
and in liberal supply at an average ^
rate of eight per cent. p
The reaction in securities conceeded a
with similar moves in various com- Cl
modities and an extension of the re. s
versal in many lines of manufacture, p
especially Textiles, Leathers, Rubbers,
and kindred staples. Almost the only a
cheerful development was furnished by ?
the more encouraging crop outlook. ^
Unsettled conditions abroad were n
again clearly reflected in the market ^
fr international remittances. Rates on
thf? ririnoinill fnroitrn c^tltnro nnntinno.!
to weaken as the trend of events in n
central and eastern Europe assumed
more complicated aspects. ^
STANDING OF * V
NATIONAL CLUBS
w
hi
New York, July 31.?Following is
the official standing of National j
League Clubs up to, and including ^
the games of Friday, July 30: ,j
Won Lost n
Brooklyn : . . . 55 42 ^
Cincinnati 51 39 ic
New York 47 44
Pittsburgh 40 44 o1
Chicago 48 50 ,v
St. Louis 44 50 t>]
Boston 39 46 n
Philadelphia 38 53 (.]
TWO MEN DEAD ?j
FROM PISTOL DUEL s<
le
Ashcville, N. C., July 31.?Jim |*
Crow, a deputy sheriff of Cherokee '
county, near here, and Hick Rose are
dead as a result of a pistol duel, ac- L
cording to word reaching here today.
Crow, the report says, was mortally
wounded from ambush by Rose while
on his way to arrest him, accompaned
by Deputy Sheriff Kennedy. Be- ,r
fore he fell, according to Kennedy, ^
Crow took aim and shot Rose dead, o
The oflicer died shortly afterwardsd. C(
' di
CHARGED WITH n;
ROBBING VAULT
. J
Brunswick, Ga., duly .'11.?Charles
L. Davenport and "Sonny" Seant, the
latter a negro, have been placed under
arrest here charged with robbing
the vault of the Glynn County Hank a
January 11 last. At that time several 1
Liberty bonds and a large quantity
of valuables were stolen. D
Davenport formerly owned a job p
printing plant here and the negro w
was employed by him as a pressman. ,
The two men are held in default of .
$20,000 bond each. 11
UNION (
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GIRLS?Pauline Fost
Becknell, Pearl Hopkin
2ora Crosby, Lucile Fai
Bernice Farr, Bessie CI
1am, Kate Whitehead,
:er, Maggie Scott, Gerti
BOYS?Bob Whitehe
HP. TiVrm "Rplno Mom'o
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TATUE OF LINCOLN
UNVEILED IN ENGLAND
London, July 31.?Elihu Root, forler
American secretary of state, who
2cently took part in the work of the
ommission of jurists at the Hague
ar the establishment of a permanent
iternational court of justice formally
resented to the British people the^
aint Gaudens statute of Lincoln in"
lanning square as a gift from Amer:a,
and later the statute was uneiled.
Premier Lloyd George
bandoned pressing official business
) deliver the speech of acceptance.
The'presentation was made in the
resence of a distinguished audience
lUhe central hall of Westminster
rith Viscount Bryco, former British
mbassador to the United States,
residing. The event was widely herlded
in the British press as further
ementing Anglo-American friendhip.
, In the course of his address Mr.
^oto declared:
"It would be difficult to conceive of
sharper contrast in all the incidental
nd immortal things of life than exited
between Lincoln and the stntes>en
whose statues stand in Parlialent
Square."
i^iiier in ms aunress, However, Mr.
'.oot said:
"II is the identical fundamental
inception in both countries which
lake it impossible that in any great
orld emergency Great Britain and
.merica, can be on opposing sides,
hese conceptions of justice and librty
are the breath of life for both.
iThile they prevail, both nations will
ridure; if they perish, both nations
ill die. These were Lincoln's ineritance."
Mr. Hoot recounted in great detail
incoln's life struggles and his ideals,
hich he maintained Englishmen unerstqpd
at the time he commanded
ublic attention. He emphasized this
y reading a copy of a sympathetic
'tter six thousand Manchester cotm
operatives, unemployed because
f the shortage of cotton during the
ar between the Northern and Southrn
states, sent to Lincoln after promlgation
of the emancipation proamation.
In an endeavor to impress upon his
udience the human side of Lincoln,
[r. Root read familiar parts of his
icond inaugural address and his
tter to Mrs. Bixby, of Boston, when
a learned she had lost five sons in
uttle.
I. S. NAVY MAN
WINS IN SHOOT
Beverloo, Belgium, July 30.?Comlander
Carl T. Osborn of the United
tates navy, today won the the
lympic individual target shooting
>mpetition with army rifles at a
istan<^> of 300 metres in standing
osition. His score was 56 out a posble
60.
APAN'S ANSWER
TO UNITED STATES
Tokio, July 31. Outlines of Japan's
nswer the note of the United
tates relative to Japan's intention
:> occupy Sagahalien, Siberia, are
rinted today by the newspaper,
'hich report that the reply was
rawn up at yesterdays cabinet meettig.
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larles, Bertie Mae Char
Clarice Charles, Lucile
rude Barnette, Vero Ber
lad, Allan Hopkins, Flet
Jenkins, Giliam Crosby,
According to the newspaper accounts
the answer, in pointing out
Japan's policy, will say that occupation
is unavoidable to maintain her
national privileges and that the decision
to occupy the Island will not be
changed.
it is reported also that the reply will
agaih emphasize that Japan has no
I territorial ambitions and that the occupation
would Jze only temporary
until a stable government wa? established
in Russia.
ASSASSINS RUN
WILD IN IRELAND
Dublin, July 3l.?An official and a
civilian were killed and a small boy
was severely wounded Friday night
when a military and police party was
ambushed by 50 armed men near Bru
I ree, County Limerick.
Thurles County, Tipperary, Ireland,
July 31.?A soldier and a policeman
were ambushed near Upper Church
last evening, both receiving dangerous
gunshot wounds.
Londonderry, July 31.?A military
patrol and civilians collided i the nationalists
area of this city last nigfiht.
A fight ensued in which one civilian
was wounded seriously and a woman
was shot in the hand.
HOPE TO ALLEVIATE'
STRIKE SITUATION
Springfield. 111., July 31.?Hope
that the order of President Ixswis of
the United Mine Workers of Americal
calling the striking coal miners
hack to work would speedily alleviate
the strike situation in Illinois was
expressed here today. President
Frank Farrington of the Illinois
miners, said regarding the Lewis order:
"There seems nothing for me to
do. My superior officer has acted."
Operators and miners outside President
Farrington's office said President
I>ewis will have to appeal to the
local unions direct. If this is done,
operators said, all indications among
the miners points a return to work
I... ?? i ^
uu- iu?t ui next wceK.
PROMINENT
SURGEON DEAD
Asheville, N. C., July 31. Dr. I.
W. McDonnel, aged 34, a prominent
surgeon of Savannah, Ga., died last
night at a local hospital after an illness
of several weeks.
RECEIVERS APPOINTED
New York, July 31. Federal receivers
were appointed today for the
Biddle Motor Car Company of this
city, a corporation organized in Deleware.
The appointment followed filing of*
an involuntary petition ti\ bankruptcy
by three creditors with claims totaling
$96,000.
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Sanders, Aileen Cromer
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ie?, vjrace v^arneii, Mara
Belue, Lunette Belue, Me
ry, Nora West,'Kate Koc
cher Lawson, Paul Laws(
Ellis Fan*.
DUROC-JERSEY!
I am now in a position to supply the
tered Duroc Jersey hops as pood as the
individual merit.
I desire to sell them at prices that
the buyer, as I am buildinp my
fied customers.
If you are in the. market for pood
an inquiry from you, for I am confident
and at a very reasonable price with
Harold H. Jeter,
FACTS ABOUT PEAK
WHICH EVERY PLAi
Growing Corn with Ps
The following facts shout paaant
growing are furnished by N. B. Winters,
agronomist, who hna had several
years' experience raising cotton and
peanuts under boll-weevil conditions,
and wtio writes as a successful, practical
producer as well aa a scientific
farmer:
Fact 1.?Pea nuts, as a caah crop, remove
more plant food than cotton. An
average peanut crop of 1,000 pounds of
cured nuts and 2,000 pounds of cured
hay removes ' - n the soil 18 pounds
'of phosphoric acid and 27 pounds of
potash, and contains 74 pounds of nitrogen,
two-thirds or more of which la
taken from the air tf the peanuts are
growing in a soil sweetened with limestone.
Fact 2.?The average peanut crop
takes from the soil four times aa much
phosphoric acid and six times as much
potash as the average cotton crop ef
one thlril of u bale, when all stalks
and leaves are returned to the soil.
Fact 8.?We must fertilize heavily
for peanuts, using enough acid phosphate
to provide hoih phosphoric acid
and sulphur as plant foods and enough
nurlate of notnsk *r kalntt to supply
FOUND JEWELS
WORTH $25,000!
Hastings, on Hudson, New York, July
31. A black bag containing about
$25,000 worth of jewels, which fell
from the automobile of Mrs. Cecil
Page, a society woman of Tarrytown,
was picked up here early today by
Henry McGuckin. k
McGuckin found Mrs Pages card in
the bag and telephoned to her "husband
who said the bag must have dropped
STD BOYS
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uise Reeves, Zora Farr,
, Johnnie Keisler. Mrs.
h Carnell, Lillian Grairie
Hunter, Lillian Fos>n,
Drucilla West.
>n, Harry Farr, Ben BeSWINE
FOR SALE
farmers of Union County with reprisbreed
affords, both in blood lines and
will insure a profitable investment to
business upon the foundation of satisanimals,
I would appreciate a visit or
that I have just what you want
satisfaction guaranteed.
Carlisle, S. C.
IUT GROWING
NTER SHOULD KHOW
ama?HaHM?BM
anuts? South Georgia.
potash as a plant food. la coastal
plains sundy loam soils, all of which
are low in potash, it is very important
tbHt we use enough potash In the fer,
tlllzer to at least satisfy crop requirements
; .100 pounds of acid phosphate,
GO pounds of nitrate of soda, 00 pounda
of muriate of potash, or 250 pounds of
kaintt, will take care of the average
peanut crop
Fact 4.?Mix at least 1,000 pounds
of finely pulverized 100 mesh limestone
or 500 pounds of very finely pulverized
200 mesh limestone with the
fertilizer In the drill before planting
the nuts. Peanuts, like other peaa,
beans or clover crops, grow bettor In a
soil sweetened with Uxne.
Fact 5.?For keeping up soil fertility
under peanut production, follow tho
crop vvltli Abruxzi rye and voteh for
plowing under. If yon are using one
ton or more of limestone per aero
eveiy three or four years in your crop
rotation with loguines for plowing na
nor, no application ot linieotoae in thp
drill will be needed dtreetly for tho
pe???ut. OllierwUe the use of llitmNtone
directly on tho peanut U tw|
lini'oriant.
from the machine while Mrs. Page was
on her way to Massachusetts.
BILL PASSES
Paris, July 31.?The senate today
passed the hill authorizing the 200,000,000
franc monthly advance to
Germany provided for in the government's
coal arrangement reached at
the Sna confernece. The vote was
221 for the bill to 81 against it.