Historical Newspapers of South Carolina

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THE SUMTER WATCHMAN, Kstab'^ Consolidated Aug:. 2, l; MUM HE GROUND. -? i FALL BACK OX Fi YE MILE FRONT NORTH AND SOUTH OF SOMME. Trenches in Number of Villages! Found Untenable in Face of British j Activity While/ French Succeed in: Capture of Ribecourt. North and south of the Somme thej Germans have lost further important | ground. In the former region they, have evacuated .their positions over a i five mile front to the British north of. Albert while in the latter they have been beaten back in hill and wood-1 ed districts just north of the Oise Riv er by the French. German front line trenches at, Beaumont Hamel, Serre, Puisieux-au- [ Mont and Bucqoy were found unten- ? able by the enemy in, the face of the recent activity by the British all, along the line from Albert to Arras while the French have persevered in their attacks against the Germans on the sector which dominates the low er portion of the Picardy plain and the Oise Valley and have encroached further upon the Lassigny massif and the Thiescourt plateau and farmer south have Captured the important town of Ribecourt. "Unomcial reports have announced ?he capture of Lassigny by the French and of all the German positions be tween the western outskirts of Bray sur-Somme and Etinehem by the Aus tralians. There is. however, no offi cial confirmation of thwn. From the Somme to the Oise, ex cept in the latter region where the French have made further gains, the Germans seemingly have had further success in holding back the Allied troops and still are in possession of Chaulnes and Roye, upon the capture of which the efforts of the British and French have been centered. On this central part of the battle front the enemy continues to deliver violent counterattacks and also has f?rther reinforced his line with men and guns and is using them without stint to retain his positions, realizing that their capure would spell dis aster. The giving up of front line trenches ' north of Albert possibly may mean that the German high comand fore sees the ultimate success of the Amer can ^and British operations along the Somme and is readjusting the posi **ons to meet any eventuality. In any event; the retrograde movement seem ingly indicates that the ten mile sa - -liest between Beaumont Hamel an* Bray on the Somme, with Albert its apex now must give way in order that the German front here may come into alignment with that in the south ?across the Somme. In fact, it seems not improbable that Germans pur pose to readjust their front from the Somme to Arras, and possibly further northward. The capture of Ribecourt by rhe. French "marks an important epoch in the offensive which has for its imme diate purpose the freeing of the re gion between the Somme and the Oise of the enemy. As a gain from the strategic standpoint it ranks with the taking by the French of the forest 1 and hill positions between the Matz and the Oise, which has brought the French almost to the gates of Las signy. Through Ribecourt lies an open route up the Oise valley to Noyon?a route by rail and the big national thoroughfare, not to men tion the canal which parallels the roadways for the greater part of the way. Noyon is only a little more than six miles northeast of Ribecourt. Although they are still encounter ing violent resistance the French are continuing to make progress through the wood and hilly country between the Matz and Oise where the German from recesses in the forests, on spirs and in the canyons, are using ma chine guns in numbers. Gas also is being loosed in great quantities by the enemy. Almost entire control of the Thiescourt p^teau and the other hiirh ground on this sector is now In the hands of the French. Along the Vesle the Germans again have made unsuccessful attacks against the French and Americans who are still holding their positions. Tn the mountain region on the western Italian front the Italians have captured several important positions from the Austrians. BRITISH STEAMER SUBMARIN ED. Part of Crew Landed at Cape Cod Today. Boston. Aug ir>.?Twenty-five of the crew of the British steamer Psnistone, which was submarined off -u- -obus^tts const Sunday, were landed at Cape Cod today. They re ported that another boat containing '??emhers of th-^ crew was lost. Four of the survivors were badly burned and injured, indicative that the vessel was attacked before the crew had a chance to escape. TORPEDOED TAXKER AFLOAT.! i Kellogg May Be Brought Into, Port. Washington, Aug. 1T>.?The Amer ican tanker Frederick R. Kellogg, which was submarined Tuesday even ing, is still afloat 16 miles off Barne gat. X. .T.. the navy department was advised today. There j- a change that she may be brought to port. EMPERORS HOLD CONFERENCE. Charles of Austria at German Main Headquarters. Amsterdam, Aug. 1.r>.?Emperor Charles of Austria is at German mal? headquarters for important confer ences, it is reported. ^*e<! April. 1850. "Bp 3um mr 80 < 1. eis dine mm. MOVE MAY BE MADE BY AL LIES IX FLAN DEI wS SHORTLY". Chief of Staff Points Out that Ger mans are Xot Now Within Fifty Miles of Paris at Any Point?Big Army for Pershing. Washington, Aug. 14.?A new drive against the German positions either' in Flanders or between the Oise and j Soissons is expected by many army; officers here as a result of the slow- j ing up of the advance in the Picardy theater. : Outlining the situation at his mid week conference with newspaper men j today, General March, chief of staff,! conffned his statements to pointing j out that the Germans have now been j forced back until they are not within | j 50 miles of Pajas at any point. The 1 head of the army has previously laid stress on the fact, however, tha$ the j greatest advantage won by Marshal | j Foch in a nvlitary way is in hav gj wrested the initiative from the ene I my. , ; The opinion prevailed among other ' officers that the present struggle ; arodd Roye and Lassigny would i soon terminate in the capture of these ; points, to be followed by tne taking, ; of Noyon. They agreed with the com-| ; mentators abroad that all signs intri cate the enemy intends to withdraw j and is fighting fierce rear guard ac- [ ; tions only to cover his retirement and j to permit him to prepare strong iines in his rear on which 'to stand fast. In the course of his discussion, General March said General Perishing ; now has 1,250,000 American troops i1 orjianize'l into the first army. Pre sumably the Americans on the Brit ish left flank in Picardy, identified by I the chief of staff as the One Hundred land Thirty-first Infantry of the I Thirty-third (Illinois National Guard > i Division, are among those still bri-j j saded for training. j It appeared possible to some offi j cers the organization of the First [American Army might be followed by ! an ail-American attack at some point j on the line which it holds beyond ! Verdun, where there has been no re I cent fighting. No reports, official or j unofficial, have been received, how-j j ever, throwing any light on General ! Pershing's plans or the part assign- j j-ed to him by Marshal Foch in the present offensive campaign. The primary purpose of the two. (TbJbws1- MaxshaP-HPoefe* feas- struck iiiaa-j been realized. Both in the " Aisne - Marne battle and again in Picardy the attacks were defensive measures to free Paris from the menace, of the: j ; two wedges the enemy had driven in : that direction. The value of the drives in this respect was pointed out by 1 j General March today, j Officers here therefore anticipate a j complete change in the character of j the fighting in the next phase of the ' battle with Foch's armies assuming the offensive in the fullest sense of j the word and striking to force the : enemy back in such manner that he I can not avail himself of this old Hin j denburg line defenses, j It appears very probable to some i observers that the Flanders front : might se the next blaze kindled with I a double drive by British forces to j pinch out the salient there as it has j t .en pinched out at the Marne and ? again in Picardy. They foresee also ' the intention of movements of great : er sc<Spe in the near future, aimed at flanking the Germans out of the blunt j wedge into which the Picardy and j Aisne baltlefronts have been merged ! by recent 'actions. GERMAXS FALL BACK. i Evacuate Many Positions in Albert Region. London, Aug. 14.t?The Germans j have evacuated their forward posi I tions at Beaumont-IIamel, Serre, j Puisieux-Au-Mont and Bucquoiy, ly 1 ing in the region north of Albert, ac cording to Field Marshal Haig's com ; munication issued tonight. FRENCH IN RIBECOCRT. j Town Taken on Road to Noyon. i Paris, Aug. 14.?The town of ! Ribecourt on the road leading to j I Noycn and 0 1-2 miles southwest of ! that town, has been captured by th?^! j French, according to the oflicial state j ment issued tonight. SOVIET LEAVE MOSCOW Bolsheviki Troops Evacuating Old Capita] of Russia. Amsterdam. Aug. IT,.?The Soviet' troops have begun the evacuation of Moscow. The gold reserves which: have been stored in the basement ol the Kremlin have already been re- j moved to an unknown place Enemies Sent to Jail. Charleston. Aug. 14.?Dr. W. C. R. Turnbull of Langley. AiKen county, was given a sentence of three months in th" Riehland county jail by Jud.L,re ? I. A. M. Smith in federal court to day. Dr. Turnbull was convicted of violating th" espionage act. uttering disloyal remarks. He was tried and found guilty Saturday and sentence was entered this morning. No fine was imposed. Tie- case of L a But ler, neuro, former court cv. r. who is charged with larceny of liquor held by tin- court as exhibits in cases on the rosier, is expected to come up to morrow. The official taking Albert Orth to the Florence county jail to se ve eight months far aiding escaped federal prisoners has returned and re. ports that Hie trip was made without incident. Orth entered jail at Floi ence Monday night. i / id Fear not?Bet an the ends Thon,Ab) iUMTES, S. 0., SAT OBJ FRENCH TIKE USSI6NY. CAPTURE ALL OF HKiH GROUN? OF SECTOR. They are Ddriving Germans Down Northern and Kastern Slopes and Further Retirement is Probable. ? London. Aug. 15 (4 P. M.)?The French have captured all the high ground on Lassigny Massif, and are working down the northern and east ern sides, so that further retirement of the enemy in that sector is prob-j able, according to ad vices received j this afternoon. FIGHTING IN PICARDY. 'A Only Artillery Activity Reported Dur-j ing Night. Paris. Aug. 15.?The violent artil lery duel between the A vre and Oise rivers continued during last night, the war office announced. A Ger man raid in the Champagne region failed. DRITISH LINE ADVANCED Ground Gained in the Vicinity of Cbaulncs. London, Aug. 15.?The British line! has been advanced slightly east 4 the Rainecourt and in the distri< northwest of Chaulnes, on the ardy front, the war office announced BRITISH PATROLS ACTIVE. >1 Following Close on the Heels of treating Germans. London, Aug. 15.?British patrols wore active last night in the district between Albert and Ayette, whejbe. the Germans besran their retiremej?: yesterday. British patrols have, uiajti| tained close touch v.'ith the encmy^t;; this region. British also made fUjrr ther progress at several points along the front. _ RETREAT SPECIALIST NAMED. - Gen. Von Bochm Placed in Supreme Command on Somme Front. '~ Paris, Aug. 15.?Gen. von- Boehm,. the German ''retreat specialist" . h&s been appointed supreme German corh^ mander on the Some front. The G^ggy man withdrawal north of Alberti looked upon as the first indication his tactics. Better Highway? Fully Discussed at First Annual Convention. Greenville, Aug. 14.- - ne problem of building better highways and bridges* throughout the State was1 fully discussed at the sessions of the [ South Carolina State Automobile As- j sociation, which held its first annual convention here Tuesday. About a hundred delegates from all sections; of the State were in attendance. The! morning and afternoon sessions were devoted to business matters and the convention closed with a supper at I the Country Club Tuesday night. During the day, the convention' heard from J. M. Harrison of Atlanta, representing the Automobile Under writers detective bureau, a descrip tion of the work that organization is I doing jto prevent thefts .of cars and to apprehend thieves. An address urg ing the necessity for more and bet ! ter roads was made by H. X. Buck ner, president of the Asheville Cham | ber of Commerce. i The election of officers, held in the afternoon, resulted in the reelection ! of A. B. Carter of Greenville presi dent of C. W. Cofield of Greenville secretary and general manager, and of O. F. Mills treasurer. In order to give representation on the executive committee to all sections of the State, the by-laws were amend- j ed to provide for the election of nine I vice presidents, two of whom are to be elected by the convention from the j State at large, and the other seven j from the congressional districts by the county clubs of the district. Fol lowing this policy, the convention j elected A. B. Calvert, president of the Bank of Spartanburg. as first vice president, and F. S. Evans of Green wood, second vice president. SENATE WITHOUT QUORUM. Consideration of Man Power Bill i Postponed Until Next Thursday. Washington. Aug. 15.?Plans for beginning consideration in the senate next Monday of the man power biV. were blocked today by the failure of ;< quorum. The plan now is to begin it next Thursday. The senate ad journed until Monday. AMERICAN SCHOONER SI NK. Destroyed off Cape May by Shell Fire! From Submarine. Washington, Aug. 3 5.?The Ameri can schooner Dorothy Barrett, was sunk by ?hell fire from ? submarine; yesterday near Cape May. X. J. Soa-| planes and submarine chasers drop-' nod depth bombs where the subma rine is believed to have submerged. PRESIDENT TAKES VACATION. Mr. and Mrs. Wilson Visiting at Sum-! mcr Home of Col. House. Manchester, Mass., Aug 15.?Pres-: idenl and Mrs. Wilson arrived here today for a visit at the summer home, of Col. F. M. House, mal;in?: the trip; frorh Washington in approximately twelve hours. A patent has been granted for a device thai holds a neck hand in I shape while a shirt is being pressed. ost at be thy Country's, Thy God's w 3AY, AUGUST 17, 1918 VIN THE WAR KOI. THREE MILLION M EX TO BE IX FRANCE BY JUXE. Senate Informed That it is Up to America to Win War on Western Front and President Wilson's Pro gramme Provides for Adequate Force to Make Victory Certain. Washington, Aug-. 15.?In report ing the man power bill today Chair-J man Chamberlain disclosed to the! senate that General March sta'ed to! the military committee that it is up! to the United States to put enough j men in France to win the war on the Western front. R is the belief that' four million Americans, under onej comander can go through the German j lines whenever it pleased the com mander to do so. The immediate ex tension of draft ages is declared to be imperative, Secretary Baker inform ed the committee. The report stat ed that the president's policy called for the concentration of Americans on the west front, including Italy, and that "the theory of fighting in future is that we must force the issue and win on the western front." The re port revealed that the American pro i gram calls for eighty divisions, to J taling over three million men in [France by June 30th next year, with 1 eighteen more divisions in training at j home. TAX OX OCCUPATIONS. j Business and Professional Men Will j Pay Ton Hollars a Year. } Washington, Aug. 13.?Proprietors I of all businesses and professional men I with only a few exceptions will pay an annual federal license of $10 and heads of wholesale concerns doin^r s yearly business of $200.000 or more ?will be required to pay an annual fee of $25, according to a schedule in serted today in the draft of the $S, 000.000.000 revenue bill by the house ways and means committee. Farmers, mechanics, ministers, teachers will be exempted from the $10 occupation al tax, as will concerns doing an an nual business of less than $2,000. Secretary McAdoo will appear be fore the commitee tomorrow in sup [iport of the treasury plan for hew ex cess profits and alternative war pro fits taxes. Members of tho commit f'tee at the close of today's session said fthe bill would be ready for presenta tion to the .house...,when that body re in announcing tonight that the bill would provide means for raising all of the $8.000. 000,000 originally allotted to be rais ed by taxation, made the following statement: "Today we placed a 10 per cent, t&\ on all jewelry composed wholly or I partly of platinum in addition to the ' 10 per cent, manufacturers' tax on aii forms of jewelry as agreed to already by the committee. We require ven ders to keep a rcord so the govern ment may knew where all the plati num in the country is located and how much. "The committee adopted an occupa tional tax. There is no definite esti j mate yet as to how much it will raise ! in revenue. Under the plan adopted j the proprietors of any concern doing business of $200.000 a year or more j will pay $10 annual tax and whole sale concerns doins business of $200. 000 or more will have to pay a tax of $2 a along imilar lines. This does hot apply to clerks or employees of concerns nor to salaried men. farm ers, clergymen, school teachers or mechanics. "The income tax was amended so as to provide for payment in Canada, j or in any foreign country of the taxes j on incomes earned in those countries by American citizens or corporations the tax to be paid as prescribed by the laws of those countries. "We discussed the question of al lowance for depletion of oil wells, but deferred action until tomorrow. 'The committee amended he 10 per I cent, tax on amount paid for leased wire and talking circuits, the amend ment exempting newspapers, press as sociations and periodicals, leaving the original provision standing as to ev erything else, including stock brok erage, leased lines and circuits. "When the committee adjourned there were pending proposals to in crease the taxes on the larger per sonal incomes by graduating the in comes of $70.000 a year or more at still higher rates, and to increase the taxes on all estates of $1,000,000 cr more." GEORGIA LEGISLATURE ADJOURNS. Senate and House Compromise on School Fund. Atlanta, Ca.. Aug. IS.?-After an all nijrht session the two houses of the Georgia legislature reached a com promise on ihe school appropriation bill and adjourned shortly b< fore five o'clock this morning, availing an extra session. The fourth conference committee, after a two hour session, agreed upon three and a-half mil lion dollar common school fund, in stead of four millions demanded bv th>- house and three million, two hun dred thousand, asked by the senate COMMENDED FOR BRAVERY. Clarence F. Ready, of Rarmvoll, Wins Recognition for Heroism. Washington. Aug. 1.r>.?Clarence F. Ready, machinists mate, of Barnwell. S. C., was commended today for bra very and initiative in rescuing seven men from the burning forecastle of the Spanish ship Serantes. od Trotfe'S." THE TRUE y. WEST ALLEGES PRICE CONTROL BY SPECULATORS. Stales Where Staple is Grown Resent Apparent Intentions of Financial Center to Dictate Prices. New York, Aug. 14.?That the New York cotton exchange through infor mation furnished by representatives a.t centers throughout the South con trols prices of spot cotton was charged today at the department of agricul ture investigation cf the trade in progress here. Sydney Y. West of Little Rock, who made the allega tion, declared there is jealously in the cotton growing States -over "appar ent intention of New York, because j it is a- financial center, to determine I prices on those portions of the crop > not delivered here or within the prop ! er distributing area which it should i receive. Explaining the frequent wide range j in a single day of quotations on cot | ton for future delivery, witnesses at i tributed the condition to psychology. I W. T. Johnson, president of the ex ? change, testified that speculation is controlled by limiting prices permis sible in deals. He declared that prac tically all business of the organization is in future contracts, controlled by a clearing house association of mem bers. Charles A. Brand, conducting the inquiry, sought particularly informa tion regarding the lack of market for low grade cotton, a condition which was blamed by witnesses for the wide disparity betwen the spot and ex | change quotations on the commodity. J When Mr. West asserted that the j lower grades "are an absolute drug ; on the market" with government or } Jers, which predominate in all the mills, cal *.g only for the finest pro ! duct, the federal official admitted the situation is serious, "unless sales ere not made because the price is not what the holders think it should be." A larger use of lower grades by the government, a change in the method cf arriving at government differences in ? the various markets which gov ern the future market and increased warehouse facilities at New York were recommended by other witness es, members of the trade. At present some of the Southern markets may not change - spot grades for months and yet, unuer the existing cotton fu tures act, these differences, which of ten do not represent sales, carry as much weight in compiling averages as Gwathney and George H. M^Flrdd^ & Company, spot merchants. *declared warehouse facilities for carrying a big i stock of cotton in New York would do more to stabilize the price and make the market valuable for hedg ing than anything else. The coni I mittee left tonight for Boston where I they will secure the views of,the spin j ners. 1 COTTON PRICE INQUIRY. Government Agents Trying to Locate Responsibility for Market Manipu lations. New York, Aug. 12.?Abnormal I war time demands for cotton par j ticularly of the higher grades were j blamed for the disparity between j prices in the southern markets and j future quotations on the exchanges j by witnesses who testified at the gov J eminent inquiry into the cotton trade j begun here today. j Several brokers told Charles A. j Brand, conducting the investigation as chief of Ihe department of agri culture's bureau of markets, that ex acting army and navy specification^ have contributed toward high prices. For articles for which in private trade inferior grades are used with com plete success the witness said, the government department has required ! white cotton of the finest type. An nouncing that the investigation will i not bo confined to the operations of J the New York cotton exchange but ! will go into the entire question of j prices where cotton is grown, milled and traded on contracts for future de livery, Mr. Brand declared that the present differences in rates "seem to ho wholly,unjustified." The bureau has conducted a gener | al inquiry into the sharp advance be '. tween spot and exchange prices, he ! said and proposes to apply a remedy ! but is seeking the views of the public i and of the brokers before compiling its final report. I While admitting that 15 to 20 per j cent of the trading on the New York I exchange is in futures Walter L. ; Johnson, president of the organiza ; tion. said it was not always possible j to tell whether a customer was deal ; ing as an actual purchaser of cotton ! or as a speculator. Sidney" Y. West of Little Rock. Ark.. led the witness - : es who laid at the door of the govern ; ment responsibility for high prices of j delivered cotton. Because 60 to n"> j per cent of the spinners .'re engaged or government contracts, he declared, and so can accept only first grade pro ducts dealers find themselves unable to dispose of the lower grade. Mr. Wesl said the production of \ low grade cotton was siighly over that of the last four years. Because of the discrimination against it by the g< 'ornment authorities, he said, the markej has practically gone t<> pieces. This in his opinion had much to do with the existing conditions. Al ter its adjourn m< nt here tomorrow the hearing will be continued in Bos ton Thursday and Friday. Later ses ;?o ???? will he held in the South. Muriner the afternoon sesion. Mr. Brand, to ascertain the extent of the speculation on the New York" Fx oh.nngo. asked how an effort to de press the market by short selling could be detected. Several members replied that unless the movements were of considerable volume and SOUTHRON, Established Jans, MM Vol. XLVII. No.l. NEW REBiSTR^TIQN ORDERJl CALL TO THOSE RECENTLY TWENTY-ONE. Young Men Who Attained 3Iajorily Since June 3 Will Present Them selves on August 21. Washington, Aug. 14.?Registra tion on Saturday, August 24, of all young men who have reached the age of 21 since the second registra tion last June 5, was ordered today by Provost Marshal General Crowder, j under a proclamation by president. ! The purpose is to add quickly to the almost exhausted class one to meet army draft calls in September. About 150.000 young men will reg ister. Most of them will qualify in class one, and therefore will join the army probably within a month after their names are recorded. Telegraphic orders to local authori ties to arrange for the registration have already been distributed. Presi dent Wilson's proclamation excepts the territories of Alaska, Hawaii, and Porto Rico from the registration tem porarily, but a later day will be tixed for them. Only men in the armed service are exempted from registra tion. It was pointed out by the provost marshal 'general's office that this reg isration would be entirely distinct from the registration that will be necessary shortly when the draft agec are extended, and it also was an | nounced that the suggested date.. Sep I tember 5, would not be the day for the registration of men IS to 4?, even if congress passes the bill in timo be cause several of the largest States in the Union hold primary elections on that date. The provost marshal general has no intention, it was said, of creating reg istration dates for men reaching 21 throughout the year, but the present registration was made necessary by '.he approaching deficiency of man power. There will be no new drawing to establish the order of liability of the new registrants. The provost mar shal general's office announced to night that the 1,209 numbers drawn for the June 5 registrants would bo sufficient to cover the August 24 reg istrants in the largest district in the eour.try. OIL TANKER SUNK. Submarine Victim Off Ambrose Chan L^.^,. nel Near Xew York. New York, Aug. 14.?A German, submarine, approaching the very gates of New York harbor, sunk the oil tanker Frederick R. Kellogg off the Ambrose channel last night. Thirty- ' live members of the crew brought here today reported that seven 'oth ers are missing. These survivors were picked up by an American steamship. The Frederick R. Kellogg was a new tank steamship of 7,712 tons gross, registered, valued at more than $1.500,000. Under command of Capt. C. II. White she was on her way from Tampieo, Mex., to Boston, with a car go of approximately 70,000 barrels o? crude oil. The ship was owned by the Petro leum Transport Company and was launched a year ago this month at Oakland. Cal. Torpedoed without warning at 6.10 o'clock last evening, the K?llogg sank in three minutes, said members of her crew on coming ashore here today. The iorce of the explosion was ter rific, they declared, and the seven fussing men. who were in the engine room are believed to have been killed. *x"o submarine was seen, according to Captain White. - The survivors, in small boats, row ed for three hours toward shore, when a freighter took them aboard. One of the crew reported his narrow es cape when he was caught below decks by the rapidly sinking ship. He was carried down by the suction, he as serted, but swam to the surface and reached one of the boats. Navy of ficials enjoined siience upon the sur ; vivors before they could complete their accounts of the disaster. Permitted later to detail their ex periences, members of the Kellogg's i company declared that while making i for shore, they saw a submarine op j erating under attempted conceal j ment. A dory suddenly rose out of ; the water, they said, and from one I of the many holes in its keep a peris j cope protruded. The dory floated for I some time, the sailors asserted, as j though designed to attract passing ; steamships toward it. Then it disap l peared. FIRING AT SEA. - ! Heavy Gun Fire Heard Off New Eng land Coast. I i Portsmouth. Aug. 13.?Heavy fir ; :ng was heard today off the New Eng ? land co::st in the vicinity where the submarine has been operating. It i lasted forty minutes. ! afiHiumaMnuKMiaamMMIMnH covered more than one grade, it would I be ditlicult. Members asserted that no contracts are executed without charge. The exchange, they said, does not deal in margins, but the clearing house asso ciation assesses a margin of $10 a bale en account of futures. Spot sales are not penalized. Discussing the disparity between . r sales and futures. President Johnson declared that the spot buyer gets exactly Die cotton he wants. bot thai in futures the seller would nat urally deliver the poorest quality pos sible under the contract. This ten dency, with the labor situation and a ? '<>'*> market, make for the disparity, he said.