Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1914-11-17

was $2l,620.37 less than in 1913. The
entire fire loss during the year Just
closed was $1S,060.66. The number
of fire alarms turned into headquarters
was 106.
1t is understood that Representa-
tive Kitchen of North Carolina. the
ranking Democrat n the Ways and
Means committee of the house, will
claim the house leadership on the
transfer of Representative Under
wood, the present chairman or the
Ways and Means committee and lead
er Of the house majority, to the SEN
ate. It is expected that Representa-
tive Mann of Illinois, will continue the
minority leadership, Notwithstanding
the return Of Joe Cannon to help the
Republicans.
Persistent rumors of the recent
sinking of the British super dread
nought Audacious, the third largest
and most powerful ship Of the fleet,
have been confirmed by stories brought
to New York by the White Star liner
Olympic which arrived last Saturday.
It appears that the Audacious went
down on the north coast of Ireland on
October %. 1t is not known whether
her sinking was due to hoatlng mine
or a torpedo. All the Olympic knew
was InaI Sn6 was Oy q N4S
tress signal from the Audacious, and
when she arrived the Audacious was
sinking. Most of the officers and crew
of the unfortunate ship were saved.
They numbered 500 men. The de-
struction of the Audacious is the most
serious single naval loss the British
government has sustained since the
commencement of hostilities
The meetings Of the British house
of commons yesterday was devoted en-
tirely to war measures. The house
granted without dissenting vote, Pre-
mier Asquith's request for vote Tor
1925. 900 pounds ($1,125. 600, OOo)
and another million soldiers. The
condition and morale of the soldiers
the inevitable spy system and press
censorship were discussed freely. The
prime minister characterized the cri-
sis as 1.-The greatest in which the
country ever has been placed. he
said 100000 men already were in
arms; that the war was costing nearly
s5,OOO,000 a day, and that the govern
ment proposed to lend Belgium $780,
OOO, 1000 and Servia $4,000.000 without
interest, until the end of the war.
Timothy Healy, the Irish Nationalist
said the money should be given those
nations. John Hodge, the Labor mem
ber for Lancashire, indorsed the pro-
posal with the suggestion: Later on
We can collect II from the German en-
peror." Reginald McKenna, secretary
for home affairs, informed the house
that there were 14,500 alien enemies
in British concentration camps and
$4,000 at large.
American cotton spinners used less
cotton during the first three months Of
the cotton year than they did in the
same period last year; exports during
October were less than one-third OF
what they were year ago and almost
a million bales more were in the hands
of manufacturers and in warehouses
at the end Of October than there were
last year at that time. This summar-
lied briefly the effect of the European
war on the American cotton industry
as disclosed last Saturday by the CEN
sus bureaus October cotton consump-
ton and distribution report. The
United Kingdom during October in
creased it's takings of American cotton
232,065 bales having been exported to
it. Germany received no American
cotton, while France took 22,3O2 bales,
the first II had received since the be-
ginning of the war. Cotton consumed
during October was 451,S41 bales, eX-
elusive of linters, compared with 5ll,-
SZ0 IN OClODeT year.
ton for the three months ending Oc-
tober 81 was 1,250,715 bales against
1,3S6,7OS last year. Cotton on hand
October 81 in manufacturing estab-
lishments was ,407 bales compared
with 1.023,015 a year ago, and in in
dependent warehouses 3,7S0,O36 COM
pared with 2.509.65S a year ago. EX-
ports were 497,1S0 bales against l.
517,S3S last year, and for the three
months 644.16S against 2,705.322 a
year ago. Imports were l2.152 bales
against 1853 last year and for the
three months 54,554 against 2O,S03
year ago. Cotton spindles active num-
bered 30.651,946 against 30.S55,36O
year ago.
Field Marshal Earl Roberts. the
ranking officer of the armies of the
British empire, died in France last
Saturday or pneumonia. He went
across from England on Wednesday,
to see the progress of the fighting, and
to be of such assistance as he might in
an advisory capacity. He was over
eighty-two years of age and, OF course,
was of no value in an active capacity.
The first thing he did after his arrival
was to visit the Indian troops with
whom he won his great reputation in
years gone by. He went to see these
lIOOpS Ill Tic u SlSllSS. SllOA lly c1ANSA
dinner Friday he became i'll with
pneumonia, and grew rapidly worse
until death ensued next morning. Lord
Roberts was born in Cawnpore, India,
on September 80, 1882. He procured
a commission in the British army in
1851, and won the Victoria Cross for
personal bravery in 1858. He served
many years in India, and had much to
do with the organization OF the indian
army. He was known throughout the
British empire as Little Bobs." and
was popular everywhere.
The New York Cotton Exchange
re-opened for unrestricted trading at
10 o'clock yesterday morning. 1t had
been closed since July 81, when the
market went into convuls'ons and
three firms failed through the demor-
alization created by the impending
war in Europe. The floor of the ex-
change was thronged with brokers
when the gong sounded yesterday.
During the first few minutes trading
was exceedingly brisk and somewhat
nervous. There was a little confusion
because of unfamiliarity with the new
style contracts and the new rules i'm
posed on the market by the operation
of the So-called cotton futures law.
Early trading was confined almost en-
tireiy TO December cotton sold on old
style contract. The market opened at
7.45 and dropped quickly to 7.40. A
low level Of 7.39 was reported in the
first half hour The market then grew
steady and the nervous tone departed.
At the end of the first half hour trad
ing appeared to be normal and the
number of brokers on the floor dwin-
died to usual size. Prices were ap
proximately three cents below what
they were on July 81. January sold
at 7.75 to 7.S5, March at 7.S5 to 7.SS,
May at $40 to SIP. and October at
$40 to $50, all on new style contracts.
Wall street brokers. inactive because
of the darkened stock exchange, were
interested spectators at the opening.
A sprinkling of other spectators,
friends and families of cotton brokers,
were in the galleries. a general laugh
greeted the reading of letter of con-
gratulatiors from members of the Liv-
erpool Cotton association. The letter
was read from the rostrum shortly art
or the opening gong sounded.
- Secretary McAdOo on yesterday
morning signed the formal order an
nouncing that the twelve Federal re-
serve banks were established and now
ready for business. 1t was the final
step required to set in motion the ma