The Union daily times. [volume] (Union, S.C.) 1918-current, August 03, 1920, Image 5
* Hie
Clancy Kids
The Hehalt
mplre ^
PERCY
^^_|>?MeClOT Wtwiptpw gyaJiwu
TODAY'S COTTON MARKET
New York, Aug. 3.?Cotton futures
I. r,t-?,1.. 01 on.
Uficuvu u?? tijr otcaujr. VLIUUCI oi.UU,
December 30.45; January 29.75;
March 29.45; May 29.20.
New Orleans, Aug. 3.?Opening1:
October 30.64; December 30.00; January
29.60; March 29.17 bid; May
28.60 bid. Market steady.
New Orleans, Aug. 3.?Heavy selling
opened the trading in cotton today
and persisted for some time after,
driving prices 76 to 95 points under
the close of yesterday. October
fell to 29.80. The slump in Sterling
Exchange caused some of the selling
ana sentiment was bearish in sympathy
with weakness in the stock market.
A little too much rain on the
weather map and the disturbance in
the East Gulf of Mexico checked the
decline and brought about a reaction
of 20 to 30 points at the end of the
first hour of business.
New York, Aug. 3.?The cotton
market lost most of yesterday's advances
during today's early trading
with both October and December contracts
making new low ground for
the movement. It was considered evident
, that yesterday's government
crop report had created no biJish
sentiment of importance and alter
the active covering of yesterday afternoon
there appeared to be very little
buying power around the ring
early today.
On the contrary there was reselling
by some of yesterday's buyers and
consiacraDie selling tor ooutnem and
Wall Street account with the market
opening 19 to 45 points lower .and
becoming very weak later owing to
rumors of financial troubles in Georgia
and reports from Paris that the
Polish armistice negotiations had
been halted.
Liverpool. Aug. 3.?Cotton spot in
fair demand, prices lower; good middling
28.06; fully middling 26.81;
middling 25.56; low middling 21.76;
good ordinary 18.56; ordinary 17.56.
Sales 7,000 bales, including 4,700
American. Receipts 6,000 bales, no
American. Futures closed steady.
August, 23.60; October, 22.25; January,
21.18; March, 20.67; May,
20.23; July, 19.83.
New Orleans, Aug. 3.?Reports
that Polish-Russian negotiations had
been broken off caused fresh selling
and the market sagged down' around
the lowest levels again. Toward noon
the active months were at net losses
of 73 to 85 points.
New Orleans, Aug. 3.?11 a. m.
bids: October, 29.86; December,
29.42; January, 29.08; March, 28.75;
May, 28.25. Market steady.
New York, Aug. 3.?11:45 a. m:
bids: October, 31.10; December,
30.25; January, 29.53; March, 29.25;
May, . Market steady.
New York, August 3.?Liverpool became
a good buyer on the early break
and there was rather a sharp rally
with December up to 30.30 or about
00 points from the lowest. Continued
selling for Wall Street and Southern
accounts checked the advance at this
level, and the market was less active
with fluctuation irregular. Prices at
midday held all but a few points of
the rally, however, and there was
scattered covering on reports that
showers in the south were leading to
increased damage by boll weevils.
New York, August 3.?The market
showed renewed weakness during the
midafternoon owing to the failure of
demand tq broaden on the late morning
rally, the weakness of sterling exon/I
/lonlinOQ in fUn a?/W*lr TTItt T*
ket. October broke to 30.50 and December
fell back to 39.70 of 98 to 120
points net lower.
New Orleans, August 3.?Spot cotton
quiet, 25 lower. Sales on the spot,
220 bales; to arrive, none. Low middling,
27.50; middling, 38.25; good
middling, 42.00. Receipts, 995; stock,
4* 220,994.
New Orleans, August 3.?In the afternoon
the decline was checked by
realizing of profits by holders of short
contracts, but although this was extensive
it did n<jt Rive the market any
great recuperative power. Toward the
close prices were 20 to 30 points up
Hfrom the lowest.
New Orleans, August 8.?The cotton
market closed steady at net declines
Vy?:; \
M* .
l(< Y, HARRY! loAir A Mwurej
} yWANTA A5Xy^OMeTH^
of 70 to 110 points.
High Low Closing
Bid.
October 30.70 29.48 29.65
December 30.00 29.06 29.25
January __ 29.68 28.74 29.04
March .. __ 29.17 28.36 28.70
May ... 28.49 28.08 28.10
New York, August 3.?The cotton
market closed easy.
High i Low Closir $
Bid.
October 31.60 30.50 30.48
December 30.45 29.65 29.97
January 29.70 29.07 29.38
March 29.4R 2R.7K 20 1K
May 29.29 28.35 28.95
New Orleans, Auk. 3.?Pronounced
weakness was shown by cotton today
with selling persistent and heavy and
done mainly on the unfavorable re1
ports concerning hostilities in Rus1
sia and Poland.
1 Following confirmation of the early
rumors that armistice negotiations
had been broken off there was a
break to more than ..6a bale under
the closing quotations of yesterday,
the active months showing losses of
1.04 to 1.27 points. October dropped
to 29.48 cents a pound.
Slumps in foreign exchange, and
particularly the early break of 4 cents
1 in the rate of Sterling, served to intensify
the effect of political news.
New York, Aug. 3.?Spot cotton
quiet j middling, 39.00.
i PROW MARKET
I
Chicago, Aug. 3.?Sharp new ad!
vances in the price of wheat took
1 place today owing, more or less, to
surmises that European war complications
might bring about enlarged
l demand for food supplies from the
. United States. Opening prices ranged
from 2c to 7c higher.
Corn opened 5-8 to 2 l-4c higher,
while oats were also 3~8c to 3-4c
U {r<>Unv Prniri clnnc roflopfn/l tVio
! strength of cereals.
Chicago, Aug. 3.?Wheat made a
steep advance in price today as result
of increased speculative buying
stimuiated by European war talk. In
a little more than a single hour an
! extreme upward swing of 15 cents
; a bushel had taken place, March delivery
touching $2.30 as against
$2.15 at yesterday's finish.
Chicago, Aug. 3.?Potatoes firm.
Receipts 22 cars. Virginia 7.00(5)
7.50 a barrel.
1 Chicago, Aug. 3.?Cattle receipts
11,000; very slow on all but choice
steers; early top 17.25; bulk choice
16.25@16.75; grassy cattle mostly
9(5) 14.50; good cjws steady; other
1 stock weak, bulk 5.501' 10.25; canners
4.00(5)4.25; butcher bulk 9.00(5)13.00;
calves opened strong; stockers .low.
Hog receipts 28,000; active steady, to
15c lower; light olf least; top 16.10;
bulk light and butchers 14.80@16.00;
bulk packing sows 13.50(5)13.75; pigs
strong to higher. Sheep receipts 17,
000; sheep and best native lambs
steady; other lambs slow to lower;
top native 14.50; bulk 13.00@ 14.25;
nativ eewes sales ranging lower; fat
native ewes 8.00.
Chicago, Aug. 3.?Butter lower;
creamery 421* 52c. Eggs unchanged.
Receipts 11.031 cases. Poultry alive
higher; fouls 32c; broilers 39(5)42.
Chicago, Aug. 3.?Tin* market
bounded upward aga'n at t^.e last and
closed nervous at the very topmost
point of the day with March at
2.32 1-2, a net advance of 17 1-2 cents
a bushel during today's session. I)e
cember climbed to $2.:;o but nmsnea
at $2.29, : a almost sheer ascent of
15 1-2 cents.
New York, Aug. 3.- Butter unsettled;
creamery firs's 51 @53 1-2.
Eggs irregular; fresh gathered firsts
47@f>i;; cheese steady, average run
25 l-2@27 1-4. Live podltry firm.
Broilers, by freight, by express,
44@.">2; other prices unchanged.
Dressed steady; broilers, fresh, 50''"'
56; turkeys frozen 58(.t)62.
Chicago, Aug. 3.?Cash wheat No.
2 red, 2.29; No. 2 h ird, 2.31 l-2@
2.33 1-2; * corn No. 2, mixed , J.44@
1.44 1-2; No. 2, yellow, 1.44(?7*1.45 1-2;
Oats No. 2, white, 75 '.-2(a)77; No. 3,
white, 711b75 1-2; Rye No; 2 1.77 1-2
fi 1.79; Bar'cy 93 to 108; Timothy
seed, 8.50@ii.00; Clove:* seed, 25.00
,@35.00; Pork nonrina1; Lard, 18.50;
Ribs, 15.25@16..V>.
LIBERTY DONDS
New York, August 3.?Closing Liberty
Bond prices today were.
3 l-2s, 91.00; First 4s, 85.46; Second
4s, 8b.40; First 4qrs, 85.60; Second
\
/
*2KF **/* jusr /
I nv14,6 ^ant- /
? U^uMPiue FO*OOR (
4qrs , 85.10; Victory 3 3-4s, 95.68;
Victory 4 3-4s, 95.68.
COTTON SEED OIL
New York, August 3.?The cotton
seed oil market closed firm. Prime
summer yellow, 11.50 @ 13.00; crude,
nominal. August, 11.75; September,
12.16; October, 12.60; November,
17.1December, 12.15; January,
?2.15; February, 12.25; March 12.33.
I sties, 1',800.
MARKET REPORT
I New York, August 3.?Yesterday's
; 'u3sos were partly retrieved in a number
of instances at the opening of today's
stock market. United States
Steel, Reading, American International
and Baldwin displayed temporary
strength but the entire list soon weak
ened when bullish traders found they
could not advance prices without getting
a liberal supply of stocks. Particular
weakness was noted among the
independent steels, especially Bethlehem
and Republic. Railroads moved
in a confused fashion with Northern
Pacific and some of the low priced
shares losing ground.
New York, August 3.?The market
was again upset by active selling of
Bethlehem, Baldwin and Corn products
which fell 2 to 3 points. Denials
by President Grace of the Bethlehem
Steel Corporation that any new
financing was contemplated caused a
rally in that stock, but the list elsewhere
continued to be subject to spasmodic
selling.
New Yo*k, August 3.?Money and Exchange:
Mercantile paper, 8; Exchange
weak; sterling 60 day billa^
3.61 1-4; commercial 60 day bills on
banks, 36.1 1-4; commercial 60 day
bills, 3.60 3-4; demand, 3.65 1-4;
cables, 3.06; francs, demand, 7.38;
cables, 7.10; Belgian francs, demand,
8.04; cables, 8.06; guilders, demand,
33.38; cables, 33.50; lire demand, 5.19;
cables, 5.21; marks, demand, 2.22;
cables ,2.23; New York exchange on
Montreal, 11 3-8 per cent discount.
Government bonds steady, railroad
bonds irregular. Times loan strong,
GO days, 00 days and sixv months 8 1-2
percent.
SHEPHERD BECAME A PRINCE
Emir Feisal of Arabia Seemed an Altogether
Negligible Object in Hla ;
Early Lifo.
I5mir Feisal of Arabia began life ns
a dirty little shepherd boy. His mother
was nn Arabian girl of Mecca and
a cousin of his father. When Feisal
was still a baby Shcreef Ilusseln sent
him into the desert to live with a
lledouin tribe, because it is considered
more wholesome for a hoy to growup
lu the open desert country than In
a cfty or village. In Constantinople
Feisal contracted consumption writes
Lowell Thomas in Asia, but since then
the desert has taken it out of him, although
he is still very thin and has a
waist only 21 inches in circumference.
He smokes cigarettes day and night
and euis sparingly. Among the tribes
he Is celebrated as an unusually fine
shotr and a good horseman and camel
rider. Feisal is enlightened and thoroughly
modern in his views. His people
follow him, not through fear, but
because they love him. He is much
too kind and liberal-minded to rule
as nn oriental despot of the old school
and he may he depended upon to usher
In an entirely new order of tilings for
! his people.
Wouldn't Wash.
| Chatting with Sir Ernest RhnckieI
ton. the famous antnrctic explorer, he
told inu that one of the beat stories
he has heard concerns a famous artist.
He was showing- a lady visitor over
his studio one day and produced a
charming little landscape, indicating
that there was a story behind it. "I
I was out in the fofest," he explained.
"I had alt my materials with me except
an empty canvas. I came upon a
subject that enchanted me, and felt
I must record It. I was determined
I not to be baffled, so I took out my
j hnndkerchlef, stretched It across ray
case, and painted on that."
The lady looked at the hnndkerchlef
j and then turned n shocked face to the
. artist. "You'll never be able to wash
, that paint out," she Haid.?Loudon
j Tit-Bits.
4L I He, 711
I VENEi
I OVER ST
I DAIU
I For Won
I General <
I General <
SEA FURNISHES MUCH FOOD
United States Has Perhaps the Most
Valuable Fishery in Which All
Coast States Share.
The United States has what Is said
to be the most valuable fishery In the
world, but probably not one person
In ten can name It. It Is conducted la
every seacoast state from Cape Cod
' to the Rio Grande, and from Puget
sound up to San Francisco, and It
yields annually about 115,000 tons of
food as prepared for consumption, an
equivalent of 400,000 dressed steers.
It employs about 67,000 persons, and
Its annual product, as it comes from
the water, Is valued at over $15,000,000.
There are other fisheries that
possibly exceed it in the ultimate
| value of their products, but in such
! cases much labor and material and a
j heavy Investment of capital have been
| concerned in manufacturing operations
I to prepare the product for the cohj
snmer; as, for example, the cannedsalruou
Industry of the Pacific coast.
The American fishery for codfish on
the Atlantic coast, which haR been the
cause of much diplomatic discussion
nnd of grave International negotiations,
appears almost Insignificant in
comparison, Its value In normal times
before the great war being about $3,000,000
yearly; and the shad fishery,
the prospects of which euch spring
cell forth much comment In the public
press, produces not one-tenth as much
food. The most valuable fishery ,s
that which furnishes us with oysters.
Ihe bureau of fisheries has more than
once called attention to this vast food
resource and the possibilities for in
rreasmK it ana using it to oetter aavnntage.
CHINESE TURNING TO SPORTS
Necessity for Physical Culture Is Beginning
to Be Recognized In the
New Republic.
Physical culture and all types of
athletics were, until very recently,
held In contempt by the Chinese, and
consequently the Shanghai boys did
Dot know what the joy of Indulging in
baseball and other sports meant, says
Hoys' Life. Ages ago chariot driving,
f.rcliory and the other classic sports
played an important part In Chinese
education. With the dawning of
China's literary golden age, however,
the scholars could not see how mental
perfection could be attained If there
was any thought of athletic prowess.
Muscles and brawn, they said, belonged
to the peasant, and the gentlea
to n /? ! ,1 LI/.
vuiiui t' niiuum miu? inn ^vuu
breeding by a scholary pallor, stooped
shoulders and a general unlienlthy appearance.
This attitude toward physical development
persisted for centuries, and It
has been only within the last few decades
that Interest has been vouchsafed
In sports. With the Introduction
of new educational methods and
the entrance of occidental theories
Into ttie orient, athletics once more
came Into their own and the Chinese
student tucked up his cue' and his
dignity and went In for pole vaulting
and hurdling.
iMieJ ~ V?i(fiOTA S
REAL CLINIC I
ORM'S DRUG STORE I
( EXCEPT SUNDAY I
nen . 10 to 12 A. 1V1. I
Clinic . 2 to 5 F*. IVI. I
Clinic . 7 to 9 P. IVI. I
Saves Cooking -Saves Sugar
' and both are worth while
this time of year *"
GrapeNuts
This sturdy blend of
wheat ana malted
barley has a sweet
delicious flavor and
comes ready to eat.,
There is no waste,
no fuss in serving
and the food is full
of nourishment.
Sold by Grocers I
si
Made by Postum Cereal Co.. Inc.
Battle Creek, Mich. I
!/
II' 'j
Teeth Under 8usplcion.
Bad teeth are now believed to be an "H*6* pou'd ?ee Now.
Important source of rheumatism, heart ^ 'l<* ?tber dl,y 'n ro-rendlng a book
disease and kidney trouble. The gormf ?urrouK*ls- ?rs* Published In
producing these diseases may get Into * was Interested In this parathe
system from an unsuspected nbs- *ra' Jn a chnpter on the Joy of walkcesa
at the root of a tooth, whose pros- ,s sa'(l that Englishmen when
ence mav be revealed only by an X- they tlrlst co,nol to fh!* country are for
ray photograph. Doctors tell of chll- "ome time under the Impression that
dren recovering from Blight's disease American women all have deformed
a. soon as their teeth are properly nre coy of them and ??
cared for. In fact the teeth have con><, to keep them hld."nnder
suspicion along with the tonsils. Anne Sherrill Ralrd, In Southern Woaand
X-ray pictures of theni are part of ' fin * ?KaR n??
a thorough physical examination.
Never Heard of Bible.
I
Sword Reverenced in the Etst. of ten' cal ad " 1 w,jr'e8a *'
III the East superstitions reverence Marlebone on behalf of the education
Is still paid to the sword. The dalmlos department of the U^don county .
of Japan, when they voluntarily sur- couno,U and described t very IntelUrender
their rank, kept, as n rule, the *eat 'or his ape told the magistrate he
wonderful blades which had been hand- had ,never h rd, of the >,e ,and d d
ed down from generation to generation. ?otvkaow !!* " Wnw S " o? 8?W
in some eases for more than 1.000 he had never been to church or Sunday
years, and which had absorbed, as ^oob ^ou cannot do anything with
hev believed, some of the character * s 8a *bf' mnglstrate. lis
.ml life of the men that had owned doos not seem to know the nature of
them. an <***>
... g, _ . * . ., To Keep Pictures Straight.
Buntl... ... c Practical Use T?k0 ? , , tl(|h?R,w ,
Olant nmAowra ar. no longer tr.ha ??l8t<,?0n(. ?n(1 h?ck
regarded as merely ornamental. The , ,. . , . v
, . , , . . . . , or picture (near the top In center),
cods are declared to be rich In oils , , ,. . ?
, , , ., . , . , moisten other end and fasten to wall,
and are also a valuable food for pnub , , , . . ,
Picture will always hang absolutely
J"J* straight after that.
y I