The Union daily times. [volume] (Union, S.C.) 1918-current, July 24, 1922, Image 3
mi i ?iiTrr
UNJtOHCOUNTY
SHORT COURSE
To be Held at Court House
July 26-28
PROGRAM FOR GIRLS
(Time Schedule)
6:30?Rising bell.
7:15?-Breakfast.
8:30 to 12:30?Classes.
12:30? Dinner.
2:00 to 5:30?Classes.
Wednesday, July 26
8:30?[Time of arrival.
8:30 to 11:00?Register, collect
supplies, make down cots, weigh and
measure.
11:00?Chapel.
12:00?Picnic lunch.
Rest.
1:30?Biscuit contest?Miss Lola M.
Snider.
2:30?Cleaning and dyeing rugs?
Miss Blanche Tarrant and Mrs. J. E.
M inter.
4:00?Angel food cake?-Miss Snider.
? ? ~ r
o:uu?supper.
8:00?Patty. \
9:30?A journey to slumber land.
9:45?Lights oat.
/Shursday, JulyJ27 8
8:30?Sewinf (Tea Napkins) Miss
Hooper and Miss Bertha Herman. *
Personal Hygiene?Miss Blanche c
Tarrant. ^
11:30?Chapel. *
12:30?Lunch. ^
2:30?Sewing (gingham hats)? *
Misses Herman and Hooper.
3:00?Jelly and jam?Mrs. Dora
Dee Walker. *
5:00?Picnic at Brown's Creek.
8:30?Community singing and story I1
telling?Misses Agnes Robertson and
Bertha Herman. '
9:30?Go to rooms. *
9:45?Lights out. *
Friday, July 28 P
8:30?Sewing (giugham hats con- ^
tinued)?Misses Herman and Hooper. v
9:30?Culling?Miss Juanita Neely. v
10:30 ? Health education ? Misa
Herman.
11:00?Recreation ? Miss Robert- 8
son. ^
11:30?Chapel. d
12:30?Lunch. 1
2:30?Judging jelly and Jam. b
3:30?Poultry picture at the Riaito. w
5:30?A journey homeward. a
PROGRAM FOR WOMEN c
Wednesday, July 26 11
11:00?Chapel. "
12:00?Picnic lunch. ^
2:00?Home-made dress form?
Misses Herman and Hooper, assisted
by Mesdames Edwards and Holcombe.
* 4:00?Angel food cake?Miss SnldCr'
b
Thursday, July 27 ^
10:00? Canning chicken aad btef 8
?Mrs. Walker. H
. . 11:30? Chapel. 0
12:30?f Lunch. , . I,
3:00?Jelly and jam?M?s. Walker.
5:00?Plcoic at Brown's Creek. j
Friday, July 28 M
9:20?Culling?Miss Neely. j
11:30?Chapel. t]
2:30?Judging jam and jelly.
3:30?Poultry picture at the Riaito. a
s
PROGRAM FOR BOYS f(
Wednesday, July 26 .n
11:00?Chapel. d
12:00?Picnic lunch. rt
4:00?Judging good cows (Mr. Car- s<
nell's Farm). Ll
6:00?Supper. e
8:00?Party. ti
9:80?Visit to slumber land. l<
Thursday, July 27 a
8:30?Visit to Mr. Wilson's poultry tt
yard. d
10:00?Personal Hygiene ? Dr. 9
Jeter. g
.11^00?Talk e? P. B. Live Stoek.
11:30?Chapel. ii
. 1?!M Lunch. ? a
2:3??Sanitation?Dr. Jeter. ' tp
3:30?-Visit1 to printing office VUnion t;
limes). h
5:00?Picnic at Brown's Creek. n
^ 8:30?Story telling and community n
singing. h
9:30?Go to bed. a
Friday, July 28 o
8:30?Police grounds. "
9:30?Culling demonstration?Miss b
Neeley. n
10:30?Health Education?Mr. W. h
.D. Wood and Dr. Jeter. P
11:00?Summer Care of Poultry?
Miss Neeley. e
11:30?Chapel. s
12:30?Lunch. ti
2:30?Breaking up camp. is
3:30?Poultry picture at Rialto.
F
Please bring program to Short s
Course without fail. s
Widow of Leader *
Of Rebellion Dead t
y
Tokio, July 23.?Madame Itako f
Saigo, widow of the great Saigo Ta- s
kamori, leader of the rebellion of
1877, the .most formidable of the *
many erlsae of the Meiji era, died in
Tokio Juno in at. the of 80 vears.
After the suit Me ef her husband
which occurred on the failure of the n
rebellion, the widow who was born c
in a Samurai family of Kagoshima, t
deyoted herself to the education of J
her two kons. One excelled as a sol- o
^ dier and'had a marquisate bestowed ii
upon himr a title now held by his son, C
whila .Utp second limajiro Saigo a
ad|f>ted a business career and is now
a director of the Nippon Yusen Kai- e
<flha. a
i e i a
General business according to the j
index figure of the Babson chart r
Stands at 17 per cent below normal.
This is the same as last week and {
f is farortiMs eonHderltif the -serious c
less suffered through the vstioua
great labor strikes now in progress.
'
Sweden's Business -Prospects
Are Most Promising
Stockholm, July 23.?"The period
>f readjustment is in progress, and a
tew business cycle has begun." The
general economic and commercial
:onditions of Sweden are thus sumnarized
by the Swedish Foreign Ofice
in its quarterly review just issued.
Based on reports from the
eading financial and industrial con:*rna
of the country, although characterized
by the mo9t conservative
ippraisals of the general business
dtuation, the review strikes on the
thole a decidedly optimistic note.
It points-.out that this year's budget,
has been marked by reductions
n all the groups of public expendi- 1
ures, that . direct taxation has been
educed, and that further reductions
>f railway freight and postal charges
ire beiag made.
Liquidation, the asost important
rtiase 'of the deflation process, aptears
to he largely over, according to
he review, as gathered from the
narked .rise in the price of indus .<?!
?I ? J i?-?
a??m awao oiiu vmtj mhik wu naru
ofght process of adjesting -wage
evsis ttems to be Bearing its condition.
The review calls attention to the
ironounced stabilization of the exhange
rate in the neighborhood of
iar, while the purchasing price index
arity between the United States and
iweden shows a very marked return
o normal conditions.
Recent reports from Sweden's key
ndustries confirm the forecast of
>righter conditions. The iron and
extile industries, which were hardest
lit by the post-war depression, show
ncreasing signs of revival. The
imber industry reports export sales
mounting to over 425,000 standards,
/hich is many times the figure retorted
for the first half of last year.
Tie iron ore export report shows unisually
heavy figures, while the
/oodpulp industry is working at 70
o 80 percent of capacity.
The mechanical industries are still
uffering under the post-war reaciorv,
the number of workers having
?creased to less than half of the
920 figures. But here, also, signs of
etterment are visible. The last
reekly Riksbank report shows a notble
decrease in the quantity of paper
urrency in circulation, thus indicatig
an increased stabilization of the
lonetary situation.
Toting Argentine Genius
Gets Harvard Scholarship
Boston, July 22.?A parallel to the
Lhodes scholarships is seen in the esablishment,
through the Associaion
of Harvard Cluhs, of scholarhips
for the csmingy ear to send to
larvard one boy from Argentina and
ne from Mexico. The scholarships
ave been made available through
he generosity of a^smbers of the
larvard Club of New York, and they
rill .be awarded ?respectively by the
larvard Club of Buenos Aires and
tie Harvard Club of Mexico.
The Harvard men at Buenos Aires
Iready have selected their scholarhip
'holder. 1 One of the members
ound recently in the country in the
orthern part of Argentina, which is
evoted partly to Jiugar plantations,
wo young brothers of English decent
named Beale, one of whom was
9 years old and the other 17. The
Ider Beale had made a moving picare
camera out of the crude maerial
that he could pick up locally
nd then had made .himself,a projecor.
It is said that the pictures prouced
were just as good as those
hown in any cinema house in Arentina.
The younger Beale had become
iterestal in locomotives. He saw in
n 'English engineering magazine a
fcture of two Mogul locomotives of a
ype ?ot used in Argentina. When
e was 16 years old he started out to
Mike the necessary machinery to
lake the parts for these locomotives,
le built a lathe and a small furnace
nd machined the cylinders and the
ther parts. Now he has two workig
models of Mogul locomotives,
uilt entirely from the pictures in the
lagazines, each six feet long, and he
as made them run under their own
ower.
The elder Beale boy is to be awardd
one on the new Harvard scholarhips,
and plans to enter Harvard
his autumn. He will probably regiter
in the Engineering School.
The scholarship contributed to the
iarvard Club of Mexico by the Asociation
of Harvard Clubs is decribed
by the secretary of that body
s "only a small token of our appreiation
and desire to reciprocate" tor
he service done by the National Uniersity
of Mexico in ararnging for
ree summer Courses for American
tudsnts and teachers.
'olitical Prisoners
Set set Liberty
Bucharest, July 23.?King Fertliland's
recent amnesty decree, prolaimed
on the occasion of his dAug tier's
marriage to King Alexander of
ugosclavia, embraces a wide variety
t offenses and already has resulted
n the liberation of 200 of the 248
'ommunitsts on trial for plots
gainst against the government.
The fololwing offenses are includd
within the decree: Clandestine
ind public propaganda against social
ind political order; syping during
eace time; mutiny, electors land
lewspaper offenses; participation in
strike s against the state, and cerain
military crimes and misdemeanors.
Advertise in The Times; get results.
B?I? MB????
Senator Reed Talk*
St. Louis, Mo., July 22.?United
States Senator James A. Reed says
he has never fought Former President
Wilson. He has been telling his audiences
this in his campaign for renomination
at the August 1 primary election
in this state.
His opponent, Breckinridge Long,
third assistant secretary of state in
the Wilson administration, on the other
hand, has been referring to the
fact that Reed was read out of the
party by the 1920 Democratic state
convention because of his attitude towards
the former President.
Outside of telling his audiences not
to allow "outsiders" to instruct them
hew to vote, Senator Reed has but infrequently
referred to the letters Mr.
Wilson sent into Missouri urging
Reed's defeat.
In asserting he has not fought Wilson,
Reed has emphasized that his actions
in the senate were guided by
what he believed the wishes of his
constituents in Missouri.
"My only boss is the people of this
great state," the senator has been telling
his audiences, then, with a grin,
adding "and my wife."
Mr. Long says he is content to let
the forthcoming primary decide
whether Reed was correct In his construction
of the wishes of Missouri
Democrats.
Long has the support of the drys,
while Reed has been fought vigorously
by the prohibition element, and a certain
contingent of women voters for
his stand on the suffrage question.
The Reed-Long fight has overshadowed
every other contest. Robert I.
Young of St. Joseph also is seeking
the nomination, but he has not been
conducting an active campaign.
Six candidates are seeking the Republican
senatorial nomination. They,
with thumbnail sketches of their platforms,
are:
Jes3e W. Barrett, present attorney (
general of some sort of association of
nations. Law enforcement explains
his stand on prohibition.
R. R. Brewster of Kansas City, an
announced thorough-going party man.
He has the support of the "old guard"
party organization.
David M. Proctor, also f Kansas
City, is an admitted enemy of the party
"bosses."
William Sacks, millionaire oil man,
and a score of years ago a $75 a
mdhth postal clerk, is conducting his
campaign on this platform: "Light
wines and beer. Less talk and more
business in congress.
John C. McKinley of Unionville is
of announced liberal tendencies, and
has been conducting bis campaign by '
mail.
Col. John M. Parker of Jefferson
Barracks, soldier candidate, has announced
himself as favorable to light
wines and beer.
Congressional candidates in each of 1
the 16 districts of the stata will be
nominated All nt??cor>f
except Representative Samuel A.
Shelton, Republican, of the sixteenth ,
district, are seeking renomination.
Shelton who is completing his first
tern, said "one term is enough," adding
that he believed the people wanted
"less talk and more action in congress."
Representatives H. F. Lawrence
(Rep.) of the third district, charles L.
Faust (Rep.) Fourth, William O. Atkeson
(Rep.) Sixth, Sid C. Roach
(Rep.) Eighth, Theodore W. Hukriede,
(Rep.) * Ninth, Marion E. Rhodes
(Rep.) Thirteenth, and Edward D.
Hays, (Rep.) Fourteenth, are with
opposition.
The voters also will nominate candidates
for circuit, appellate, and supreme
court judgeships; state superintendent
of schools, state senator and
representative, and for county and local
offices.
What a Barrel of
Whiskey Contains
A barrel of headache, of heartache,
nf utao
A barrel of curses, a barrel of
blood,
A barrel of sorrow for a loving,
weary wife.
A barrel of care, a barrel of strife
A barrel of unavailing regret,
A barrel of cares, a barrel of death.
A barrel of hunger, of poison of pain,
A barrel of hopes all blasted and
vain.
A barrel of poverty, ruin and blight.
A barrel tears that run in the
night.
A barrel of crimes, a barrel of
groans,
A barrel of orphans most pitiful
moans.
A barrel of serpents that hiss as they
pass, ^
That glows from the liquor in the
bead of the glass.
A barrel of falsehoods, a barrel of
cries ;
That fall from the maniac's lips as
he dies.
"Bridget."
Railroads of the United States re*
ceive nearly four times as much
freight from mining as they do from
manufacturing.
Springs & Co.'s Letter *
New York, July 19, 1922.
Stocks.
Labor troubles?rail and coal?and
the uncertainties attending the oil industry,
have occupied the attention
of the securities market to the exclusion
of more important end genuinely
constructive factors. The consecpience
has been that prices have moved irregularly
and the market has been
without determinable day-to-day
trend. Careful weighing of the situation,
to our mind, discloses reasons
111 I
New Pi
B RIM
SIZES
B 28x3
H 30x3
B 30x3 1-2
B 31x4
| RIM
SIZES
B 30x31-2
fl 31x4
| 32x4 1-2
I With permsision
H we will sell at 20 pei
8 5 Ply Michelin Fabric 3
? 5 Ply Michelin Fabric e
B 5 Ply Michelin Cord 30j
9 33x4 Michelin Cord cost
33x4 Michelin Fabric co
I Michelin was the
I years of tire building
I jobbing proposition.
I Manufacturing plan!
I REP
I HA1>
for adhering to the bull position for
the long?even moderate?swing, utilizing
current easy spots for the ac
quisition of those stocks that are in
the^best position -to Seeeflt with the
resumption of the broad forward
movement.
Every now and then, as this review
has pointed out, there come times in
an upward market when no one finds
it possible to interpret conditions constructively.
At such times it seems,
also, the gods or fairies, who regulate
the flow of events, perversely pick out
a succession of disturbing or annoying
happenings and slap them loudly,
down on the counter where these
wares are displayed?the public
prints. This usually is ushered in by
a break in stocks brought about by
the collapse of an over-extended long
position and the sequence of bearish
advices continues all during the period
of readjustment of the technical position.
These may be only coincidences,
but at any rate they occur time and
again in what we term "bull markets."
We are going through all this just
now?indeed, we should be about over
with it. We are likely to come down
to business some morning very soon
and And that the bad news fas all an
exaggeration of minor events and-that
all the time we have been overlooking
some hitrhlv valuable Items lvintr
all around us. Those shrewder traders
and speculative-investors who are
buying: stocks now will then find themselves
long on the market at prices
several points below the then prevailing
figures.
The crude oil situation causes today
the greatest concern, next to the
strike of railroad shopmen and the
danger that it will spread to other
departments of rail labor. But the men
have ben out three weeks, their leaders
are still jockeying for position,
the labor board is standing pat on the
justice of its award, the carriers are
holding out, the important railroad labor
unions are indifferent?and the
trains are running. There doesn't seem
to be much hope of the men winning,
and the action of the rail stocks indicates
the market has no fear of this
result. Developments have been unfavorable
as regards prospect for an
immediate settlement, but that, doeil
not mean there is to be a permanent
deadlock. We suggest that the. rail
issues offer opportunities on all recessions,
particularly Atchison, Chesapeake
& Ohio, New Yorw Central,
Pennsylvania and the Pacifies in the
dividend paying group, and Southern
Railway, Pere Marquette and Baltimore
& Ohio.
The industrial relatives of the rails
?the equipments?appear to be in position
from a technical market viewpoint
for another substantive rise.
Baldwin Locomotive, American Car &
Foundry, Westinghouse Electric, Allis
Chalmers and American Locomotive
are suggested in this group as having
the better opportunities for leading
the ailvance. From a business point
of view these competes also seem to
have the beat reasons for an advance
into higher territory.
There is nothing NlRfe oil situation
to justify the misapprehensions cur
rices on
EFFECTIVE ?,
SOFT BEAD CI
RING SHAPED
TUBES
$2.40
2.45
2.70
3.45
STRAIGHT
RING SHAPED
TUBES
?7n
T- I v
2.90
3.45
3.70
3.85
4.00
4.75
4.90
5.10
5.25
5.40
5.70
5.85
6.00
6.30
9.40
of the Michelin factory,
r cent off the above list.
0x3, $10.90 less 20 per cent,
50x3 1-2, $12.75 less 20 per ?
:3 1-2, $14.20 less 20 per cen
s only
sts only
i first manufacturer to <
I experience?Is this no
These are the only and
&: Milltown, N. J., U. S
Branches All (
MEMBER, FI
/IES GR
rent this past week or two. For som
time the paradox has existed of t
steady increase in production and sur
plus with prices of crude and refine*
unchanged. Only within the past fe\
days have price reductions takei
place. Consumption is so steadily in
creasing that the day is not far dis
tant when it may reasonably be ex
pected to again over-balanve produc
tion. Crude supplies, it must be noted
are in strong hands. The major oi
organizations no longer take surplu
refined products off the market. In
stead, they now campaign for ih
crude. The industry, as a result, 1
getting stronger daily, but the day o
the small, inadequately financed or in
efficiently managed producer is nearl
over. Briefly, that is what has bee
going on in the oil situation?si goini
on now. It furnishes a sidelight o
the stock market situation?is goin
on now. It furnishes a sidelight o
the stock market situation in the do
mestic oils, and is an urge to purchas
the standard and stronger independ
ent oils, and to leave the weaker one
al< ne. Mutters are coming to a hea*
rapidly, though surface indications d
iiot yet tell much to the outsider. It 1
a time to study the financial and phy
sical structure and the personnel o
the companies whose securities ar
presented. The technical market po
sition nede come in for secondary rc
view, only if the first group of factor
analyzes satisfactorily.
With this in mind, the oils ths
measure up to the standard of thos
that may be taken on now in appat
ent safety include - Texas Compam
Cosden & Company, California Pt
troleum and Standard of Indiana. Th
Mexicans should be left severely alon
except by those who are willing t
assume the heavy risks involved i
trading in such issues as Mexican Pt
troleum.
Steel operations have been curtaile
by the railway strike and coal short
age. Fuel supplies have been delaye
by congestion of rail traffic. Pig iro
can not be made without coke, no
steel without pig iron. Specification
against orders are piling up in ste<
plant offices and the falling ofF in oj
erations is not due to lack of materii
for rolling and other schedules. Tt
railroads are working with the stei
makers as much as possible for th
carriers are concerned with gettin
steel out for car makers and othei
who are manufacturing equipmei
that will be needed for the expect*
heavy traffic this fall. So. there
nothing in the falling away of tl
steel output to encourage anyone to p
short of the steels. Quite the revers
for the easy spots enable the purchas
of the shares of those steel companit
where orders have piled up. With tl
resumption of normal rail conditioi
and the better fuel supply, stock ma
ket prices will move forward easi'
into higher territory. Only the d
lay of the Department of Justice i
passing on the legulity of the pendir
steel mergers is holding back the a
tivity of large groups of profession
traders who expect to see the steel i
sues move forward with a leap as sot
as they are taken in hand.
i Michelii
JUNE 26, 1922
LINCHER TYPE
OVERSIZE REGl!
CORDS COH
$ $ ?
16.90 14
16
SIDE TYPE
OVERSIZE REGU
CORDS CO It
* $ 16
20.50 20
30.80
33.35 25
34.35 26
35.50 27
42.60 30
43.60
44.75
46.00
47.00
53.75
55.50
56.40
59.40
86.00
from July 24th to and in
Think what this means?
, only
cent, only
t, only
ever make a pneumatic t
t worthsome thing to you
original tires built by
i. A.; London, Eng.; Paris, 1
Jver the World
VE DAYS OPS
'OCERY
ej Bethlehem B, Lackawanna, Republic
a! and Midvale should respond easily to
- a favorable interpretation by Washi
ington on the plan for merging intcrv
ests, and United States Steel common,
n as well as these same four, should
- move into much higher ground with
- the settlement of the rail labor con_
troversy. None of the steels is likely
- to react materially from current
1, prices and may be several poi its high1
er by the time these favoraL'e devel3
opments are noted.
While the bearish mental attitude
e! persists in trading circles (and it is
s in trading, not investment quarters
f that this reverse thinking Is < arret it ?
i- please note) the forehanded are taky
ing cognizance also of the excellent
a showings made by many industi ials
g with favorable business outlooks.
ii Thorn is Rndientt .Tiihncnii fur in.
g si nee, which we have been reeomn
mending for six months. In the tirst
i- half of this year it earned $f>.or
e 11.1 per cent on the common stock
- with a surplus of $1,081,G7<5 after
s Products Refining', whicSjstancemo el
il paying preferred and common divi)
idends totalling $1,.129,50:$. Corn
s Products Refining, which is usually a
- July or August bargain because of
f certain trade routine developments
e that strike the public as new each
i- year, American Linseed, International
- Paper and Central Leather also are
s acting well marketwise and appear in
good industrial position,
it There is no change in the outlook
e for higher prices for cotton, but the
- marked irregularity must be looked
/, for until the si/, of the crop is known
?- with sonic definiteness. There is no
e question now that we have been right
v aii aiong in lorecasnng an actum
o shortage before next year's crop is
11 ginned and baled. It is conceded now
that this year's crop will be inadequate.
The only question is: how
d much will the crop be? On the day
to day outlook for the final out-turn
d depends the daily guage of a reasonn
able price for the staple. The crop
ir improves?or should, in the light of
is reported weather conditions?for sev.*1
eral successive days and prices sell
i- off. A few days of poor weather, u
il bombardment of telegrams announcie
ing further weevil depredations, am
ei the price of cotton jumps up again
ie But as the stocks on hand filter gradg
ually into consumption we are likelj
s to see the gradual establishment of
it higher prices. The limits of the flue
. 1 1.1 ?.l rr?L.
vu<*vivno Diivuiu muauiiy auv?iiit'f, i m
is approach of August should see a flooc
of statistics on the 1921-1922 con:o
sumption, the small carryover, tht
e, |)oor crop outlook, and the heavy con
'e suming demand. To this accompani.
js ment we expect to see a vising mar
ie ket. The close of the cotton year anci
is the opening of a new one sTiould comr
bine to force long-range consideration
ly of the market for a few days at least,
e- On recessions at this time we suggest
in the purchase of the October and Dcig
cember options, believing they will
c- yield sizable trading profits and still
al greater returns over the longer pull
?- The boll weevil appt'ars to be preva
>n lent to a much greater extent thar
previously reported. Six-sevenths oi
t
i Tires J
iak fabric
tns CASINGS
::: *v?:?
.20 12.75
.90 15.90
i'ar fabric
fl>s casings
.50 $ !
.95 13.80
.70 18~60
.50 19.00 j
.55 19.90 '
.so ;
::: :::::
eluding August 1st, 1
and Michelin Tires. I
$8.72 1
$10.20
$11.36 I
$21.20 i
$15.20 m
ire. Twenty-seven i
? Michelin has no H
Michelin factories. 1
France; Turin, Italy, fl
w. IB
ILY I
CO. I
the American crop area is reported infected.
There will be several generations
of him yet, but a fair estimate
of his activities is possible.
While we should be giving much attention
to general domestic trade conditions?which
are bullish and to the
European situation?which is moderately
encouraging?weather and
crop news are occupying the stage and
the market is a genuine "weather
market.*' The condition will exist for
some weeks yet, possibly until after
the report on the July 25 condition has
been digested. It is unlikely to show
any great change from the June 25
ngures. Augusi is tnp month of great?st
deterioration. The .Inly - "> report
if no better than that of June 2*>, will
not be bullish. A pain in condition
during the month would be necessary
to justify cotton prices merely holding
steady.
Considerable confusion Inn been engendered
in traders' minds b\ tin report
of Japanese and Liverpool -? !i.
ing. American consumers <<f < :t .?i.
it may be remarked in tins pe.-t
have much to learn from Ixngl. . ai.
J: pan To a great extent our A mm
ic:.n mill interests are cot L.it
ter the market on a hedging
to protect future requirement L
'heir British atiu Japanese < i
tor*- appear to have the cotter n .
eovvn to a science. Sudden,
selling by Japanese i'tert i Le
quently means merely that th Nipponese
interests have decided t- buy,
and with the canniness of the genum*
trader know how to buy to the be-',
possible advantage, momentaiii. or.
1 verting a seller's market inn : b Iyer's
market. Close observers believe
that or breaks induced by heavy f >i
1 eign -elling of this character cotton
may be purchased in anticipation of a
quick recovery and the collecting ol
!ntnr<?ct.ino' nmfitc
The statistics are persistently bull,
"sh but much consideration has
been given io them in these reviews
, and elsewhere that there is not much
to be gained from analysis of them
I at this juncture when they ar?> being
ignored?or, if not ignored, they do
' not gain the hearing they should reI
ceive. The rate at which cotton is
going overseas and into domestic eonsumption,
with the small carryover
that will be reported for July 31?
, August 1 bears out all forecasts that
have been made and it is well to keep
in mind that the list is bound to take
cognizance again of the statistical position
of the staple.
Proper consideration can only h -ve
' a constructive effect on the price
structure and should induct purchases
of the full and winter months not only
' by the trade but by the speculative
following that temporarily has withdrawn
from the market but appears to
' be watching for the opportune time to
reenter. We look for a broad market
to develop before the end of the month
nnd p*npft In o? atnmp ntfrontiuo r?.
I turns accrue to traders who buy cotton
on the easy spots this week and
* next.
t mm ? * 1
f An ad. in The Times gets results.