The Union daily times. [volume] (Union, S.C.) 1918-current, August 10, 1920, Image 5
~~~
' -| lOMrt tliw HUlil
New York, Aug. 10.?Cotton futures
opened steady. October 31.30,
i December 30.18, January 29.00, March
* 28.68, May 28.10.
New Orleans, Aug. 10.?Opening:
Octobdr 30.60, December 29.60, January
28.86, March 28.47, May 27.98.
Market quiet. >
New Orleans, Aug. 10.?A somewhat
better feeling regarding foreign
political conditions and the disposition
of shorts to cover in conseposition
of shorts to cover in consequence
gave the cotton market a
higher trend on the opening today.
Cables were better than due and the
weather over the belt was highly unfavorable,
too much rain being reported
in most states. During the
first hour of business prices were sent
26 to 39 points over the last quotation
of yesterday, October touching 30.75
and Match 28.75.
Liverpool, Aug. ^0.?Cotton spot
quiet, prices steady; good midding
| 29.48, fully midling 28.24, middling
26.99, low middling 23.19, good ordinary
19.74, ordinary 18.74. Sales, 6,000
bales, including 4,700 American.
Receipts 12,000 bales, including 3,000
American. Futures closed steady.
August 24.68, October 22,86, January
Z1.D4, March 2U.?2, May 20.43, July
20.00.
New York, Aug. 10.?The cotton
market opened at a decline of 2 to 10
points under overnight selling orders
from the southwest and local sources.
There was also some Liverpool selling
of the late months but the cables
were better than due, continued wet
weather was reported in the South
and a better feeling seemed to exist
over the Polish situation. These features
promoted covering at the initial
decline while there was considerable
trade buying of the later months, particularly
of May around the 28 cent
level, and prices soon rallied. Notwithstanding
the easier ruling of
southwestern spot markets yesterday
October was relatively firm, selling
up to 31.74 or 37 points net higher,
while December advanced to 30.54 or
29 points above last night's closing.
New York, Aug. 10.?l*he rally extended
to 31.83 for October and 30.64
for December with active months
generally selling about 30 to 46 points
above last night's closing. The rains
reported in the eastern belt increased
nervousness over crop progress and
stimulated covering. Otherwise traders
reported very little demand and
the market was comparatively quiet
. during the midle of the day with
prices showing reactions of 5 or 6
points from the best.
New York, Aug. 10.?The mid-afternoon
maket was firm on Wall
Street and local covering on the unfavorable
weather, improved , spot
market reports and expected bullish
weekly weather report tomorrow.
Prices sold up to a net advance of
55 to 58 points.
New York, Aug. 10.?Spot cotton
quiet; middling 39.00.
New York, Aug. 10.?11:45 A. M.
bis: October 31.67; December 30.66,
January 29.42, March 28.95, May
28.40. Market steady.
New Orleans, Aug. 10.?The forecast
of cloudy and showery weather
for the greater part of the belt increased
the demand sufficiently to
send the trading months to net gains
of 34 to 48 points, where October
traded at 30.80. The market became
quiet but remained steady with gains
tairly well maintained. L.ate in tne
morning prices were 5 to 10 points off
from the highest.
New York, Aug. 10.?A more
cheeful view of Europeans conditions
and apprehension of less favorable
crop reports owing to continued wet
weather in the South led to sharp advances
in the cotton market here today.
Near months were relatively
firm, and there was a sale of September
at 33.70 or more than $5 a
bale above last night's closing quotations,
while October sold at 32.20 or
83 points net higher. Closing prices
showed a net advance of 60 to 110
points for the day.
. /
New Orleans, Aug. 10.?Spot cotton
quiet, 50 points lower. Sales on the
spot 276 bales; to arrive 100. Low
middling 25.00; middling 35.75; good
middling 39.50. Receipts 2,161; stock
217,862.
New Orleans, Aug. 10.?Rumors of
very bullish report on the condition
by private bureaus put the price to
new high levels, the market toward
the close standing 65 to 70 points up.
with October at 31.60.
New Orleans, Aug. 10.?The cotton
market closed steady at net advances
> of 64 to 70 points.
Closing
High Low Bid.
October .... 31.06 30.40 31.01
December . . . 30.24 29.53 30.20
January .... 29.48 28.79 29.47
March 29.20 28.48 29.20
May 28.45 27.95 28.45
r
New York, Aug.- 10.?The cotton
market closed barely steady.
Closing
High Low Bid
October .... 32.20. 31.10 32.14
December . . . 31.10 30.18 31.02
Li January .... 29.90 29.00 29.83
March 29.45 28.57 29.37
May . . .\. . 28.87 28.00 28.78
COTTON SEED OIL
New York, Aug. 10.?The cotton
seed oil market closed steady, v August
11.15, September 12.35, October
b-* 12.56, November 12.56, December
12.56, January 12.59; February 12.65,
March 12.80. Sales 4,000.
Prime summer yellow 11.50; prime
crude nominal.
#
woytf M :
Chicago,; Aug. 10.?Wheat advanced
sharply today after a hesitating
start. The action of the market
appeared to be based to a considerable
extent on opinions that the government
crop was bullish on wheat.
Opening quotations varied from unchanged
figures to 1 l-4c lower. Corn
opened 3-8 to 2 5-8c lower while oats
unchanged to 1 3-4c lower. Provisions
were weak.
Chicago, Aug. 10.?Butter higher.
Creamery 43 1-2 to 63 1-2. Eggs
higher; firsts 46 1-2 to 47 1-2. Poultry
alive lower; fowls 28 to 35;
springs 38.
I ' '
Chicago, Aug. 10.?^Cattle: Steers
strong to 26c higher; early to load
lots 17.40; few prime 17.50; bulk
choice 16.40 to 17.25; common steers
higher; good steers /mostly 15.25 to
16.00; bulk medium grades 13.00 to
14.75. Good cows largely 10.25 to
12.50, medium grades 7.00 to 9.25;
canners and cutters 4.25 to 6.00. Bologna
bulls 6.25 to 7.50; top 7.75;
veal calves firm; bulk best vealers
15.00 to 15.50; selects early 16.00;
heavy calves steady; stockers strong.
Hogs 22,000 strong to 25c lower
than yesterday's average, lights off
most; top 16.10; bulk light and
butchers 15.10 to 16.00; bulk packing
sows 15.00 to 16.25; pigs steady.
Sheep opened steady otf natives,
some range lambs fie^ higher, bu'k
medium and good natives 12.50 to
13.75; best fat ewes 8.25 to 8.50; feeding
lambs 25c higher; best 12.25.
Chicago, Aug. 10.?Potatoes firm;
receipts 43 cars; Eastern 6.00 to 6.60
barrel.
New York, Aug. 10.?Butter steady.
Creamery firsts 43 to 44. Eggs irregular;
fresh gathere firsts 47 to 51.
Cheese irregular; average run 25 1-2
to 27 1-2. Live poultry weak; no
prices established. Dressed poultry
irregular, western chickens fresh 45
to 66? fowla frpsK 07 to A9
Chicago, Aug. 10.?Corn closed
nervous 1 3-4 to 3 3-8c net higher.
Wheat closed strong 4 3-4c to 6c net
higher.
Chicago, Aug. 10.?Cash wheat No.
2 red 2.50 to 2.52; No. 2 hard 2.46 to
2.49 1-2. Corn No. 2 mixed-1.56 1-2 to
1.57 1-2, No. 2 yellow 1.58 to 1.59.
Oats No. 2 white 75 1-4 to 76 1-2,
No. 3 white 72 to 75. Rye No. 2 2.03
to 2.05 1-2. Barley 1.00 to 1.15. Timothy
seed 8.00 to 11.00.
Clover seed 25.00 to 30.00. Pork
nominal. Lard 18.40. Ribs 14.75 to
16'00- _
STOCK MARKET
New York, Aug. 10.?Early dealings
on the stock exchange today {
showed a degree of hesitancy and caution
arising from recent developments.
Liquidation of special stocks
were offset by a swift uprush in others,
notably Crucible and Mexican pe
troieum, which advanced four points.
Sufficient buying power developed to
carry many of the representative
shares to higher levels with the gaini
reaching 1 to 1 1-2 in Baldwin, Pan'
American, Chandler Motors, Central
leather, and Rails National Aniline
broke 3 3-4 and Maxwell Motors 2 and
Southern Pacific, Goodrich and Lackawanna
Steel 1 point.
New York, Aug. 10.?Weak points
were brought to the surface again in
the ealings after midday and the
market turned downward. Sale of
Bethlehem Steel, Balwin, Atlantic
Gulf Sunatra Tobacco and tobacco
products at recessions of 1 to 4 points
influenced offerings of the general
list.
MONEY AND EXCHANGE
New York, Aug. 10.?Mercantile
paper 8. Exchange irregular. Sterling
60 day bills 3.58 1-2; commercial
60 day bills on banks 3.59 1-2; commercial
60 day bills 3.59, demand
3.63 3-4, cables 3.64 1-2. Francs, demand,
7.18, cables 7.20. Belgian
francs, demand 7.C6, cables, 7.689.
Guilders, demand 33.25; cables 33.37.
Lire, demand, 4.98; cablyes 5.00.
Markl, demand 2.13; cables 2.14. New
x vin ajavi vsal niwini^ai XX 0"0
per cent discount. Government bonds
irregular, railroad bonds easy.
Time loans strong; 60 days, 90 days
and six months 9. Ruling rate 7;
bank aceptances 6 1-4.
LIBERTY BONDS
New -York, Au?. 10.?Liberty
Bonds: Closing prices today were:
3 172s 90.76; first 4c 84.50; second 4s
84.42; first 4-4s 85.20; second 4-4s
84.60; third 4-4s 88.56; fourth 4-4s
84.96; Victory 3 3-4s 95.68; Victory
4 3-4s 95.84.
WILL ADVANCE
LARGE SUM
New York, Aug. 10.?Several million
dollars soon will be advanced to
the Maxwell Motor Company by New
York basks it was learned today
when it was announced that a committee
had been appointed to take
uver Liit; iimnuKeineiii 01 me concern.
The ?xact amount of the advance
will be determined this week, it is expected.
New York, Aug. 10.?Walter P.
Chryslar, general manager for the
various motor enterprises of John N.
Willys, heads the management committee
selected for the Detroit concern.
With hijn will serve J. R. Harbeck,
vice president of the American
company and closely associated with
Mr. Willys in his various enterprises.
In announcing appointment of the
Committee a statement was issued
asserting that "rumors of difficulties
surrounding the Maxwell and Chalmers
Company are set?at rest by announcement
of a strong group which
has taken hold of the company's affairs.
* *
N
MANY MILLIONS CANNOT READ
One-Tenth of Population of tt>s United
Mates Over Ton Yoaro Aro
Illiterate.
"According to the boat estimates,"
ays a writfje la Bverybody'S'for July,
"about 10,000,000, or more than onetenth
of our population oror ten years
old, cannot read or write l^nglish?a
number greater than the whole population
of Canada; greater than the
whole population of the South In the
ClYll war; greater than the combined
populations of 15 of our states. And
of this number, fully half eha a either
read, wflte nor speak English. La
some cities, such as Passaic, N. or
Fall River, Mass., these strangers somber
a sixth or mere of the population^
"If this enormous population, alien'
in speech or literature or coatees, were
merely 'a population,' merely living
among ns, that would he one thing to
think about. But all of this 10,000,000
are also working among us, trying
to build some kind of life for them-i
selves. And in so doing, they hard
brought themselves Into a closer rv
tatlonshlp with us than we are sftah
willing to admit, even if we are swore
ad k. More than 58 per- cent ef the
people who make our steel and Iron,
more than 72 per cent of those who
make our clothes, more thaa 85 per
cant of those who refine our sugar,
are to reign-born. And nearly all ed
them canned read or write English,
and at least a quarter of them canuet
read or write their own language. 8M*
hundred and twenty thousand of the
million who mine our conl are forelgwbern,
and 465,000 of these come from
non-EngllsO-epeaJclng racee, with but
the slightest ability, If any, to read the
uufUOU lftU?.Ull|?,
LATEST STYLE IN HAIR CUTS
Now York Tentorial Artist Advort/oee
ts Trim the Bean "PhysJognomloally."
" air cat physiognomlcsJly" is the
impressive sign on the window ? A
"tonsorlal artist** In the downtown section
of Now York.
"What's tho sign meanT* asked a
customer whs drifted Into the shop As
a barber started to wait sa hlsa.
"I don't hsew," was the rsply. "Best*
aew-fangtod Men st the >nf."
Wlen appealed te the pcaycktsr tf
the place swelled wHh pride and In
/Ms weightiest teaes plsl if Ids
brain child In this manner:
"That means that when yon get hto
the chair we study year face and then
proceed te cat year hair In sneh a
manner that the trimming wMl eonform
te your general physiognomy,
teaming year face. Sometimes a man
is a victim of his barber In regard to
his appearance?yen know there are
some men In the barber bnslnese here
who ought to be shoemakers sad cannet
see any farther than the hand
that holds the expected tip. We bari
defects in the face by the manner of
hair catting and enhance the good
points. Women don't overlook this In
putting up" their hair and there Is no
reason why men should."
Foolish Question.
An official who 'was making tip an
assessment roll because of some recent
street Improvement.called at each
house on the Improved streets to leara
the names of the property owners. At
one house he climbed out of his car,
went to the door and knocked.
"Who owns, this property?" he asked.
"Why, I do," the woman answered.
The official pot her name and pnt It
down In his book. Then he took a
squint at the si7.e of the lot.
"How many feet?" he asked. "Two,
of course," the woman snapped, wondering'whether
be thought eho was
u centipede.
Knewwe About Blrtfe.
What Representative Weaver of
North Carolina doeent know about
birds Is not worth knowing. He understands
their habits, can imitate thelv
calls, Is on speaking terms with their
CIA and everything.
When the house ,1s not In session
Weaver wanders around through the
capltol grounds holding converse with
the jay birds, sparrow hawks, crow
blackbirds and such other birds as are
found around Washington. And the
town Is full of birds.
Weaver got the bird habit through
Pandering about tlia North Carolina
hllla.
Rent Profiteers In Manila.
Landlords, owners of residences
and business buildings In Manila,
are taking advantage of the paucity
of homes and commercial structures
iv imor reui? Bunoruuiiiy. worsen
for salaries or wages, and firms and
companies In mercantile pursuits, complain
bitterly of the demands of the
owners or lessors of houses and stores,
factories and bodegas. Most of the
Ictlms have to yield t<^ the Increased
rents because they have no recourse.
One man who paid $40 a month for
his small, uncomfortable home, has
been Informed that he must pay $30.?
Manila Times.
191$ Cotton Woith $2,067,000,000.
The 1918 cotton crop, lint and seed,
was worth $2,067,000,000 to the producers.
This Is about three times the
value of the cotton crop of 1914 and
Is twice the value of the crop of 1913,
which had the highest value of record.
The computation has just been
made, at the close of the cotton year,
by the United States department of agriculture,
bureau of crop estimates,
, based on average monthly prices received
t?y growers and on monthly
marketings.?Agricultural Department
JTevrs Letter.
'?
t,
\
)
' ^
I Something You Sh
\m # ... ;
B S. C. Inspection and
3 "?? advise that j
fl cordance with the "C
writers.
H "As aN buildings ;
I gineers any. defect ir
S discovered and notec
B reasonable length oi
H less than 25 per cent
I though somewhat i:
IE
| We guarantee our
n the National Board oi
I Blue Ci
B r
SANTUC*
Heavy and damaging rains fell
here Monday. Land is badly washed
and all bottom3 and branches and
creeks were overflowed, but the extent
of damage cannot yet be known
as the situation has not been looked
over. For the 24 hours, beginning
at 2:40 P. M. Sunday and ending at
2:40 P. M. Monday, there was a rainfall
of 4.23 inches, the heaviest 24
hour rainfall since July 15, 1916. Of
this 3.10 inchea wna in oi?
Embankments on the farms and terraces
gave way before it. It looked
discouraging to see creeks washing
through and down good fields of corn.
The month's rainfall for June was
3.34 inches, and for July 3.04 inches, I
so in one day, this month, more rain |
than in the whole of either of those
months. J
Several people, members of Salem
Baptist Churcb, went to Union Sunday
night to the First Baptist Church
services. There were eight persons to
be baptized who recently joined here.
Rev. K. D. Smith preached, Dr.
Reaves, the pastqr, turning the services
over to him. A protracted meeting
was held here last week, preaching
by Rev. A. T. Stoudenmire, and
this was the fruits of it.
I am holding off for a few days
to "make my speech" about the
"booster trip," wafting for someone
else to break the- ice. I am trying to
learn to cut down, not to say too
much. I am as hard to-wind up as a
' Waterbury watch, and sometimes as
' slow to run down as the creek seems
to be when it is running through and
playing havoc with a fine bottom of
I corn.
I-was in a crowd that went to Union
Sunday night and it rained, the
roads got slippery and when we got
almost to our house the automobile
1 slipped into a dep side ditch, and
' mired so deep the engine could not
i null nnf T of
vuv. jl ota&vcu on we feet a pair
i of mules, hitched on to a chain, work;
ing in the dark, and helped to pull it
out. When we got it out it was midnight,
exactly 12 o'clock. Next morning
it was raining to beat the band,
and you can rest assured I was glad
that I persevered that night. It is
; something else to get into a ditch on
a wet, dark pight. And if you look
at it straight, some of the road side
, ditches are positively dangerous.
Hey Denver.
i m .
WILL MEET FRIDAY
I
Washington, August 10.?The American
Expeditionary forces will pass
, into history August 31 when the only
, remaining unit of the army that
fought in France, A. E. F. headquarters
here, ceases to exist. The follow!
ing say Gen. Pershing will open headquarters
in his new capacity as General
of the army, according to an an,,
nouncment today by Secretary Baker.
1 ^
WILL PASS INTO HISTORY
St. Louis, August 10.?Thomas J.
Brewster, chairman of the coal operators
sc?le committee in the central
competitive field announced that the
I operators' committee would meet the
! miners committee at Cleveland Friday,
, as requested by President Wilson toI
day, if the majority of the committee
, approved such a conference.
i ?
! 1 mZ Folic* I
: Quit Coffee j
j because of cost to
health or purse, they j
I naturally drink I
Instant
{Postum!
| There's a Reason j
m .
I 1 ' ' N
ould Know About Insurance and Wiring! I
Rating Bureau, Insurance Headquarters, B
all buildings are supposed to be wired in ac- B
ode of the National Board of Fire Under- B
are periodically inspected by electrical en- 3
1 wiring, or other deviation from this Code is fl
1 and if the defects are not remedied after a B
f time, the insurance rate is advanced not fl
t. Thus the credit for - proper wiring, al- fl
ndirect, is quite large. " I
wiring installations to conform to the Code of B
F Fire Underwriters. |
oss Electric Co. I
rhe Live Wires I
Mid-Summer I
riparanpp 5ali) I
We have extended our Mid-Summer Clearance
Sale two weeks longer as we need the
room for the fall goods which are coming in
every day.
fl IN THIS SALE YOUR DOLLAR COMES
TO LIFE AGAIN.
fj It's a fact?the sale prices of the men's clothing in this sale reH
mind us of 1917, and if that sounds too strong?just take the time to
drop in with your coat off?and let us prove it.
We are as anxious to clean out this entire stock of Summer
Goods as you are to have the old prices back.
Come now before it is too late?for fall goods, newspaper talk
or no newspaper talk?are going to be higher.
All Men's, Boys' and Ladies' Oxfords
and Pumps in all leathers and
colors
At One-Fourth Off.
I
All Ladies' White Shoes and Ox- I
fords and Pumps
j At Half Price.
I All Straw and Panama Hats
One-Third Off.
| All Men's Summer Suits in Soft
Finish
At One-Fourth Off.
, All Suits, including- Palm Beach,
Mohair and Blue Serges.
At a Good Reduction.
J, COHEN CO.
The House of Satisfaction.
NOTE THE FINE COLOR
U' ?Ur ^ams ant* bacon. That denotes
' y ? first that they come from young, ten19
('cr P?ffa ar|d next that they have
been properly cured. All our hams
^ " J and bacon are cane sugar cured and
hickoi*y smoked. They have a flavor
? Fm of their own which once tasted you'll
hfc?iVBi always prefer. Try some for break
\ fast tomorrow.
-.r=--=sss3ca???????? l=XT
GODSHALL MARKET.
U/\|1I r?**r?w* * ^
i>uw rntt'AKinHj NEW RECORD MADE
SECOND NOTE
New York, August 10.?AnnounceWarsaw,
Aug. 9.?Preparation of a ment was made today htat a new unsecond
note to the allies citing the official record for a transcontinental
efforts of Poland to comply with the automobile trip was established when
Russian Soviet government's pro- a five passenger touring car carrying
posals relative to a peace and armis- ma'l from San I* ranciseo to
tiee conference at Minsk, has been be- ^t>w York arrived here late today afKun
by tho Kovornment. Up until a.ru" af ,our 14 hou? ?< <
f , .7 , * , 43 minutes,
noon today there had been no ac
knowledgement from Moscow of the
communication sent to that city rela- Sevres, France, Aug. 10.?The
tive to the departure of the Polish peace ti-eaty with Turkey was signed
armistice commission. here at 4:08 o'clock this afternoon.
\
jJS