The Union daily times. [volume] (Union, S.C.) 1918-current, August 04, 1920, Image 5
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. CROSBY
I I A kv fW KT a a.
TBDAIf'S CQTTOI MARKET
New York, August 4.?Cotton futures
opened steady. October 30.90;
December 30.10; January 29.48;
March 29.15; May 28.95.
New Orleans, August 4.?Better
cables than due caused a rise of 6
to 7 points around the first call in the
cotton market today but heavy selling
almost immediately appeared, as
the result of the further fall in the
rates of foreign exchange and an unfavorable
view of Europen politics.
Heavy realizing by shorts appeared
and at the end of the first hour of
trading the market 11 to 13 points
over yesterday's final price October
rising to 29.85.
New York, August 4.?The feature
in the cotton market at the opening
today was the heavy buying of
October and December by brokers supposed
to be operating for Japanese
interest. The purchases were estimated
at from 20,000 to 25,000 bales in
the aggregate, sending the price of
October up to 31.02 and December to
30.25 or 18 to 28 points net higher.
Later months responded only partially
to the advance in these positions,
however, and as soon as the initial
buying orders had been executed the
market weakened owing to the continued
weakness of foreign exchange
reported curtailment in the clothing
trade and favorable weather conditions
in the South. October soon
broke to 30.63 and December to 29.65
i:_* _-.ii:? _i on
WIVU VI1U ftcnciai HOI SCIIIU^ UUUUl sJKJ
to 47 points net lower.
? "
New Orleans, August 4.?Opening
Octobtr 29.71; December 29.30 bid;
January 29.09 a 10 March 28.77;
May 28.40. Market quiet.
* ** Liverpool, August 4.?Cotton spot
in .good demand; prices firm, good
cmtdEhfr 28.48; fully middling 27.23
' , vhiicMifng 25.98; low middling 22.18
^.g&dcF ordinary 18.98; ordinary 17.98
sales 8,000 bales including 6,400
Americans. Receipts 9,000 bales including
200 American. Futures closed
very steady. August 24.36; October
22.52; January 21.29; March 20.75;
May 20.23; July 1987.
New Orleans, August 4.?11 a. m.
bids, October 29.98, asked; December
29.48, asked; January 29.14; March
and May blank. Market steady.
New York, August 4.?11:45 bids,
October 29.71; December 29.30 bid;
nary 29.28; March 29.05; May 28.75.
Market steady.
New Orleans, August 4.?The weekly
crop reports were better than expected,
failing to show extensive deterioration
in any division of the belt.
For a short time the market sagged
in a moderate way, but this encouraged
realizing by shorts on a large
scale, furnishing a demand on which
it finally bulged to new high levels.
Toward noon, October traded up to
30.09 and the list stood at net gains
of 21 to 44 points.
. New York, August 4.?The market
was less active during the afternoon
with the tone rather steadier on covering,
particularly in the case of the
near months. December sold up to
,10.30 or 33 points net higher, while
latest deliveries held within a few
points of last night's closing.
New Orleans, August 4.?Spot cotton
quiet, 50 lower. Sales on the spot
70 bales; to arrive none; low biddling
27.00; middling 37.75.
New York, August 4.?Spot cotton
quiet, middling 39.50.
New Orleans, August 4.?The rise
on October continued until that month
was at 30.18 a net advance of 53
points, but other months did not make
new high levels. Understr addle
brought about a most irregular market
and toward the close prices were
20 points up to 20 points donw, com
pared with yesterday's close.
New Orleans, August 4.?The cotton
market closed steady at net 7
points upto 28 down.
Closing
High Low Bid.
y October .... 30.18 29.40 29.72
( December .... 29.60 29.07 29.2<]
January .... 29.25 28,77 28.77
March 28.95 28.42 28.42
May 28.48 27.95 27.95
New Yorw, August 4.?The cottor
market closed steady.
Closing
High Low Bid.
October .... 31.30 30.63 31.05
w- December . . . i 30.32 29.70 30.0C
* January .... 29.54 28.95 29.25
March 29.20 29.68 29.0C
May 28.85 29.5^ 28.77
Chicago, Aug. 4.?Potatoes firm.
Receipts 28 cars; Eastern cobblers
7.509 7.75 barrel. f
. . \
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LHARNW3 ICV6R HAD-1 ^
| WMICt MARKET 1'
New Orleans, Aug. 4.?Today's j
stock market opened in a confused j
fashion, with the majority of import- ,
ant shares showing a decided down- {
ward tendency. A further drop in (
, Sterling Exchange of 6 cents on the
unfavorable foreign interest induced
liquidation and short Celling wh. h
counteracted supporting orders awl. .
the favorable effect produced by yes-'
| terday's later relaxation in call i
money rates. Mexican Petroleum, l(
Baldwin, the steels, central leather, p
United States rubber, corn products.
Great Northern preferred, Chesa- j j
peake and Ohio and New Haven were
! depressed 1 to 2 points.
1
Chicago, Aug. 4.?Excited general <
selling brought about a sensational
smash in wheat prices today. The
I market opened 8 to 13 cents lower <
with December 2.1G to 2.21 and March <
2.21. Most of the selling was said ?
to come from company holders anxious
to turn their wheat into cash. (
In a few miuntes, however, the mar- ,
ket rebounded as much as 11 cents in .
some cases. (
Chicago, Aug. 4.?Wild fluctuation i
in price with trading on a large scale 1
made sfhe wheat pit today the un- <
mistakablo chief center of interest on i
'change. Heavy selling at the start '
to financial reports smashed wheat
pfices down as much as 14 1-2 cents, i
Word, however, of large exports as
to the European countries lead to decided
rallies. Opening prices ranged
froq) 8 to 14 1-2 cents lower. ]
Corp opened 1-4 off to 7-8c advance,
while oats also opened 1-8 to 3-4c up.
Strength of hog values sustained
provisions.
Chicago, Aug. 4.?For the fifllt
time since trading in futures was re- i
Isumed, the pit was filled with trade
resumed business was on a big scale.
The rush to sell appeared based
largely on unfavorable financial re- .
i ports especially from the Southwest.
i ?
Chicago, Aug. 4.?Butter unsettled,
'creamery firsts 454@46. Poultry
alive, unchanged. I
Chicago, Aug. 4.?Assertion that ^
domestic millers were active buyers ^
helped to strengthen the market la- j
tei\ So did reports of Canadian crop .
damage. Dispatches telling of in- ;
i creased gravity of the European di- J
plomatic and military outlook were ,
also influential toward a reversal of ,
sentiment. The early losses were vir- ,
tually all wiped out and the market .
closed nervous at about yesterday's !
finish, half cent net lower to one cent j
advance. ,
New York, Aug. 4.?Butter: cream- 1
ery firsts, 50 l-2@53 1-2. Eggs
steady; fresh gathered firsts, 47@50. <
: Chese barely steady; average run 25 ?
@26 1-2. Live poultry steady; prices '
1 unchanged. Di-essed weak; fowls, 1
1 fresh 28@41; turkeys frozen, 60@65. ;
Chieago, Aug. 4.?Wheat No. 2 red. '
; 2.35; No. 2 hard, 2.35 1-2. Corn, No.
1 2 mixed, 1.46 1-2'<'1.49 1-2; No. 2 yel- 1
low, 1.47@1.49 1-2. Oats No. 2 1
1 white, 76@81; No. 3 white, 74@80. (
' Rye No. 2, 1.80@1.85. Barley, 95@ '
; 1.00. Timothy seed, 8.00<&'11.00. 1
Cloevr seed, 25.0J@30.00. Pork '
nominal. Lard 18.70. Ribs 12.25@ 1
16.25.
Chicago, Aug. 4.?Wheat closed J
nervous, halt' cent lower to one cent ,
advance. Com closed unsettled at .
2 l-4c net lower to l-4c advance.
i m
MONEY AND EXCHANGE
! New York, Aug. 4.?Bar silver, do- 1
i mestic, 99 1-2; foreign. 92 3-4; Mexi1
can dollars. 71 1-4. 1
' New v jrk, Aug. 4.? Mercantile pa"
per, 8; exchange, weak; sterling GO
* day hi Is, 3.57; commercial GO day
' bills n:i banks, 3.57; commercial GO '
day bills, 3.56 1-2; demand, 3.G1 1-4; J
cable-. 3.62. Francs, demand, 7.23;
cables, 7.25. Belgian l'rancs, demand,
' 7.56; cables, 7.58; Guilders, demand 1
32.88; cables, 33.00. Lire demand '
[ 5.03; cables, 5.05. '
[ COTTON SEED OIL 1
r New York, Aug. J.?Cotton seed
? oil market closed steady. Prime sumi
mer yellow and prime crude not quoted.
August, 11.70; September, 12.20;
, Octobre, 12.51; November. 12.15; De- ,
cember, 12.12; Janua.y, 12.14; Feb- ,
ruary, 12.2)', March, 12.25. Total ,
' sales, 12,500.
| LIBERTY BONDS
New York, Aug. 4.? Final closing ?
prices on I berty bonds today were?
^ ^ **5.50; second
4s, 84.60; first 4 qrs., 85.50; second
. 4 qrs., 84.80; third 4 qrs. 88.64;
' &U?h J- qrs- 85-12! Victory 3 3-4s
|95.66; Victory 4 3-4s, 95.68.
771 4" IT FITS CKANl
l.\ 1 8erc#iA if i uiCMT
I v THC STAG6 If/AT
- I U OUT LlKETHfff
r I GO etc* eeteiv
DRAFTING COMMITTEE
CLOSES SESSION
Saratoga Springs, N. Y., August 4.
?A proposed plank calling attention
;o the 2.75 percent beer bill adopted
>y the 'O iO legislature caused dissension
early today during the delibera.ions
of the sub-committee drafting
;he platform to be submitted to the
leirocr^tic unofficial state convention
c t? 2 closing session today.
' 'vo tes rf a plaiik endorsing the
)ill n?' recs amending similar Na>
t .egislf ion were opposed by
ielegates who believed the beer plank
vvas too much at variance with the
~~oV:bi4ion stand for the National
pLv..forra. The latter delegates held
'hat prohibition should not be regarded
as a st?te issue and they preferred
a platform that would come out
plainly for enforcement of the present
laws.
Leaders planned today to adopt the
jtate platform and then hear "expresdons
of preference" from the county
lelegations on nominations for other
?tate offices.
The completed platform was reportid
shortly before the opening of toiay's
session. It contained a beer
plank adopted by the reservations
lommittee 21 to 9.
Mayor Lunn of Schenectady, planned
to protest on the floor of the contention
against the wet plank and to
pndeavor to block a roll call of counties
for preferences for places on the
state ticket.
The ^cket which the leaders wish to
see nominated follows:
Governor, Alfred E. Smith, of New
York.
Lieut. Governor, Geo. Fitts, of Tomkins.
Comptroller General, Charles W.
Berry, of Kings.
Secretary of State, Miss Harriet
May Mills, of Onondaga.
Attorney General, Philip R. Laing,
of Erie."
Treasurer, John F. Healy, of Woat
Chester.
State Engineer, Paul McLeod, ol
Washington.
Associate Judges ,of the Court 'ol
Appeals, Abram I. Elkins, of New
York, and Edger S. K. Merrill, of
Lewis.
United States Senator, Lieut. Govirnor
Harry C. Walker, of Broome.
Modification of the Volstead prohibition
enforcement act recognization
of the Irish republic, affirmation of
faith in the National Democratic platform
and endorsement of the nominations
of Cox -and Roosevelt, enthusiastic
commendation of Governor
Smith's administratin of State affairs.
reorganization of the State Government
by present existing department
centralization of authority, creation
:>f an executive budget system, a four
/ears term for Governor, belief in the
principle of direct primaries, home
rule for cities and state development
:>? Hydro-electric power, are the principal
planks of the platform submitted
by the committee on reservations.
Mention of President Wilson, Govsrnor
Smith and Cox and Roosevelt
luring the reading of the platform
was cheei'ed, but the wet plank and
that referring to Ireland received the
most uproarous applause.
The league of nations was ignored
by the platform.
Chuirman Fitzgerald of the Platform
Committee, moved the adoption
of the platform but before the vote
could be taken Mayor Lunn presented
a minority report recommending
the elimination of the beer plank declaring
it was in violation of the action
taken by the San Franc'.sco convention.
Mr. Fitzgerald replied that the
plank was not in conflict with the National
platform because the Sanfrancisco
platform was silent on the question.
Mayor Lunn's minority report was
lost, after which the platform as presented
by Chairman Fitzgerald was
adopted.
DREWRY WINS
FOR CONGRESS
Petersburg, Va., August 4.?With
returns from the fourth district practically
complete, Patrick Henry
Drewry, of Petersburg, won his fight
for congress over Dr. Henry Clay
Cmith of Crewe, by a majority of
4,000. In Petersburg Drewry received
1,416 votesto 52 for his opponent.
READY TO CALL
GENERAL STRIKE
Geneva, Switzerland, August 3.?
Resolutions declaring for the nationalization
of socialistion of mines
were unanimously adopted by the miners
congress in session here today.
British delegates said miners of their
country were ready to call a gneral
strike to enforce nationalization.
TO MOVE HEADQUARTERS
Geneva, Switzerland, August 3.?
The socialist congress in session here
voted today to remove its headquarters
from Brussels to London.
/ .
Ml T
SU J
CENTER OF HUN WAR POWER
Ruhrort, With Its Splendid River Harbor,
Really the Most Important
CRy of Germany.
Ruhrort, which had the largest river
harbor In Europe, and which Included
the Ruhr basin, was the power
plant of Germany's former industrial
machine and mighty war engine.
Between the Rhine and Ruhr Is
Duisburg, city of rolling mills, foundries
and factories. This beehive of Industry
was once a university town,
but the school was supplanted by factories.
Duisburg Is connected with the
Ruhr by a canal.
Farther up the Ruhr Is Wltten, Important
not only for Its steel, but also
for beer, soap and chemicals. The
Ruhr basin coal fields not only were
Important to Germany because of their
heavy production, bnt because tlicy
alone were accessible for water Importation
of ores. A canal connected
Dortmund, a city of the Ruhr basin,
with the Ems river, thus affording an
outlet to the North sea at Emden. The
Ruhr was made navigable, from the
Rhine to Wltten, some SO miles, by
means of locks.
Connoisseur of Feminine Beauties.
An extraordinary request from a
professor of anthropology in Vienna
was received by the Western Australian
minister for education, lfr. Oolebatch.
This Anstrlan professor appeals
to the minister "as a connoisseur
of feminine beauties'* for photographs
of several hundreds of the
most beautiful women In Western Australia.
He Intends to publish these
photographs in an illustrated cata1
logue of the beauties of all countries.
While Mr. Colebatcb's sense of humor
has come to his assistance and pro;
v?nt?d him from Modlag th* nrtr<ri%
ly blunt replies vouchsafed trade let
ters from Austria and Germany, it may
be understood without fear of contra'
diction that the Viennese professor
will not publish the Western Australia
reply. If a selection of press comments
on the professor were forwarded
to him he would recognize that
.Western Australia girls have the knack
of saying the right thing in the right
way at the right time.
It Followed.
When Aunt Helen kept company
With A VAllnf l<0iiti>nnnf In thn nrmi
she prevailed on her ten-year-old
nephew to wear a soldier overcoat.
The young lieutenant was succeeded by
a boy scout executive, and Bobbjr received
a boy scout uniform, which he
, had to wear to please auntie.
But the boy scout executive and
Aunt Helen have disagreed and Bobby
has been much interested in knowing
who will be his successor In winning
Aunt Helen's attentions. The
other day he made a discovery, and
came running in the house to tell
mother about It.
"Oh, mother," he began, "you might
as well get me a Prince Albert coat, a
white vest and a tie. Aunt Helen Is
beginning to warm up to the minister."
?Indianapolis News.
\ *
Sidetracked.
Fire runs have always been my pet
v.orry when driving a car, so when I
heard the excited clanging of a bell
while riding through one of the city
parks recently I pulled over to the
curb, almost running into a lamp post
in my rush. Then I turned around to
watch the engines and discovered two
small boys on a pushmobile holding
the center of the boulevard and working
a large bell overtime while a Sunday
crowd laughed at the Joke which
was certainly on me.?Exchange.
Aluminium Shoe Sales.
One of the newest uses for aluminium
Is its employment In making the
soles of shoes te be used by workmen
employed In wet and damp places. The
' alumlnlum-soled shoe lasts much long'
er than an ordinary shoe, and ts said to
l>e Impervious to damp.
Church Valuation.
Alt denominations In the Ontted
States own a little over 200,000 church
odiflees valued at about $1,700,000,000.
The Press Agent's Work.
The old-time press agent is now
known as a "publicity expert" and his
business has greatly developed In re.
'cent years. Outside of the regular
| theatrical press agents, every American
city has a small army of men who
And lucrative employment in giving
publicity to financial and industrial
enterprises, philanthropic and educational
institutions, hotels and restau,
rants, end a wide varlply of other
things that depend for their success
upon the patronage of the public.
_jl^ < f
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Jcce.\?in.iKetis! 6vcr^7 1 (^?vl L<rTS
Cirl i Meer gwcsmc J I ' v
^7NC UJgCCO^e J/6/V y?/ ^
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I ' ?
A Dry Toast.
O ?
There's a laugh in the NAME, ffiSffijiS
There's a smile in the brew; 4Effl>
There's the taste of the same jOHl
We drank long ago, too.
It functions just right, ICTliilM
For it's full of good cheer, IlMB
It's a nation's delight, lHaKlm
J For it's NOT a "near beer."
It brings words to the tongue, BKJriwfipSISM
And a light to the eye, l&^jE [['!] If j
While from memory's wrung KpzSL.w..?
Thoughts of glad days gone by
Here's a toast to the old, wMNNpfy
That we drink with the new
MINNEHAHA, that's sold
As a real lagered brew.
1L, liipii
Pearce-Edwards Company
Wholesale Distributors Union, S. C.
I SOUTHERN RAILWAY I,?
SYSTEM
Announces
SUMMER TOURIST TICKETS
On sale daily until September 30th, 1920.
Final limit October 31st, 1920.
1 TO
jj Attractive Summer Resorts j
|
"The Land of the Sky,"
WESTERN NORTH CAROLINA
| EXCELLENT HOTELS COMFORTABLE BOARDING
Camp on Mount Mitchell.
Horseback Riding, Motoring, Tennis, Golf, Boating, Fishing,
Mountain Climbing.
Popular Seashore Resorts
IN
Virginia, North Carolina, South Carolina, Georgia, Florida.
Alabama, Mississippi.
ASK FOR BOOKLET
| "Southern Railway System Summer Resorts" /
Information Upon Application to Nearest Agent or /
R. C. COTNER, D. P. A., /
SPARTANBURG. S. C. M
Teeth Under Suspicion.
Bad teeth are now believed to be an Sword Reverenced In the^**tImportant
source of rheumatism, heart the East superstltlotia^werence
disease and kidney trouble. The germ; st"l Paid to the sword. dafinlos
producing these diseases may get Into ?' Japan, when they voJptar"3* ?tirthe
system from an unsuspected abs- render their rank, kept? rule, the
cesa-at the root of a tooth, whose prea* wonderful blades whlclxiS'' been handence
may be revealed only by an X* e(* d?wn from genera\f to generation,
ray photograph. Doctors tell of chll- 'n s?tne rases for^^fr than 1,000
dren recovering from Wright's disease ypars, and whlchJp^ absorbed, as
as soon as their teeth are properly ?hay believed. the character
cared for. Tn fact the teeth have come nn'^ that had owned
onacr suspicion niong with the tonsils, '"vm. MS
and X-rny pictures of them are part of "
a thorough physical examination. Ounflo *" *' Practical Ucc.
m Giant siiuF^v<,rs are no lon^r (0 he
An electric pen has been invented r?gnrdedjy^^ely ornil1_ '1 Th?
seeds a^'ec,nred to l,e rl< h in oils J
i! by a native of India that carbonizes a valuable food for poul. /
1 paper over which it passes. \rfojM_ ^ J