davidaulloa/AmericanStories huggingface dataset:
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
SECURITY ACTIVITY
BREAKS YEAR RECORD

NEW YORK, May 3.-All records for
the year on the stock exchange were
broken this week. daily dealings av-
eraging more thar 500. 900 shares at
variable gains. Already the year has
witnessed a greater number OF mil
lion share" days than occurred IN the
whole Of 1918,
Speculation was again rampant in
oils, shippings and motors, together
with specialties OF h latter group,
but later extended to rails, including
many properties only r~eceitly reOrgan-
ized, and which have become little more
than so many m
Admonitions and warnings issued by
conservative interests made little i'm
preston, although II was generally
recognized that trading had long
reached e~xtravagant proportions, Much
of the buying power continues to have
it's origin at Western and Southern
centers, where promising crop pros
poets and good business have added to
the feeling Of optimism.
A partial halt to the advance came
during the midweek on the elimination
Of the extra" dividend for United
States Steel, but this significant &C
tion had little effect elsewhere, except
among a few issues where revision of
dividend disbursements Is expected,
The long prevailing controversy at
fecting the railroads and steel pro
ducers Is to come up for further dls-
cussion next week. Meanwhile the steel
plants report reduction of activity, with
no signs OF a free or open market
Foreign exchange reflected conditions
at the peace conference, rates TO Paris
! and Italy manifesting especial unset
Element while sterling rallied Sharply
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
COTTON MARKETS
Weather and Statistics Bear
iSh, But Markets Steady on
Stability in Spots.
SATURDAY Afternoon. May 3

RAAAAAe aNANNAA ANNAs NAag o
Most of the news coming to hand to-
day was rather favorable to a reaction,
but it was evident that continued sta
bility in the spot department discour-
aged pressure. Advices from trade
circles are that conditions are salts
factory and that ~spinners are working
on their reserves and are not espe-
cially anxious to sell their products at
current prices, which Is not being lost
sight Of by holders of the actual A
plus correction in exports was reported
from New York and there is optimism
over the prospect OF larger tonnage for
this months sailing, which will mean
additional stimulus to movement out OF
the country.
The weather over the belt was favor
able and the promise was not menac
ing enough to give concern. A. rather
ominous looking low in the northwest
held out prospect of some unsettled
conditions in the upper part of the
western n central belt over Sunday,
but official forecast did not CALI for
rains in the larger part Of the belt and
the cooler indicated did not look Suf-
ficient to give alarm.
Another private estimate on acreage
reduction, this one for Ill per cent,
with moderate reduction in fertilizer
and the crop two weeks late. gave as
much comfort to the bears a. to the
bulls, but apparently did not cut much
Ice as a price factor. The consensus OF
opinion seems to be converging around
10 to Is per cent for the reduction but
just now 1t fails to get first place as
an influence, probably because 1t is
too early to get definite line oil It.
At the opening prices we're off, mod
erately, July 5 and October Is points
and some further easinesA resulted from
lack of support and a little selling
But, there was marked strength in the
grain markets and that was credited
with having its effect on cotton. July
started at $3.50. touched 26.43 and Their
worked up to 26.71 a short while be
fore the close. October opened at 24.6O
sold to 24.52 and then up to 24.75. Fin
ais were steady and from 2 to II points
off in New York, while New Orleans
did a little better and finished steady
at an advance of 36 points to un:
changed. Liverpool is due to come i
points to the bad Monday.
Spots were generally steady ant
without change. Sales reported werC
1,40O at Memphis, 3,244 in New Orleans
2,5il in Houston, 1856 in Dallas, 1,O6'
Galveston and 504 Little Rock. A
these centers no change was made.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
BACK AFTER YEAR
SPENT IN FRANCE
Coyle Shea Says He's Fully 30
Per Cent Good After His
Share of Warfare.

Lieut.. NJ. Coyle Shea, sporting editor
OF The News Scimitar until he cast
his lot with Uncle Sam to defeat the
Huns, arrived in Memphis Saturday
morning, having received his discharge
and catching the first train for home.
Lieut.. Shea, or "Coyle," as he is
known to hundreds OF friends, ball
players and fans all over Dixie, looks
fit and husky and shows no Ill effects
from the c~lose-range fighting he did
against the Germans. While over there
Coyle was gassed and wounded in the
foot by shrapnel, but says that he
feels as good as new and that it takes
more than some Heinie gas or shrap-
mel to send him down for the count.
Coyle left Memphis in the spring Of
1917, going to Fort oglethorpe. Ga,
lieutenant. He was assigned to Bat
terry A, Tenth field artillery, regular
army, and was sent to Douglas, AriZ.,
on the border. After serving On the
border for several months he went with
the Third division to France, sailing
or March 7, 1918.
Upon his arrival overseas he didn't
have to wait long before he saw some
action, being sent to the front in July,
1918, and getting his first taste Of war
when he was gassed by the Germans
at Chateau Thierry. This was the bat
LIZ NhCiC Nv NSI WCIC within
hailing distance of Paris and when the
Prussian guards and the picked troops
of the kaiser were pitted against the
allied front in an effort to reach Paris.
The Third division went In n stopped
the Huns, this being the turning point
In the world war.
While in this historic battle, Coyle
received a shrapnel wound in the foot,
making 1t necessary for him to be sent
to a hospital for treatment. He was
in Base hospital No. 30 at Royat In
the mountains Of southern France, go
ing from there to a convalescent camp
at Allerey, France. He was In the con-
valescent camp when the armistice was
signed, and was Immediately classified
in Class c and invaded home.
While on the way over on the return
trip, Coyle m his hundreds of COM
rades had an exciting experience. their
ship, the Santa Olivia, requiring l6
days to make the trip. Engine trouble.
which made the ship at the mercy Of
the waves for some time, caused great
alarm, the ship listing and 1t looking as
II the vessel was to turn over. When
the Santa Olivia got within 200 miles
a storm, and 1t required three days to
make the 205 miles to shore. While
two days out of New York, the ship
made only IL knots in "a hours and
was just barely creeping.
+ On arrival in The u. s., Coyle was
sent to Camp Merritt, N. j., where he
waited three weeks for transportation.
| He was sent to Camp Taylor, Louis
willie. KY, where he received his dis
| charge Friday. Coyle weighs ITS pounds
and says he feels 80 per cent recov.
cred, although feeling that he has aged
since going through the war.
Coyle has been busy greeting his
scores of friends ever since he arrived
in Memphis, and a its a grand and
glorious feelin' to be home again.
II wouldn't take a million for what
l have gone through, but I don't think
l need any more Of it," says Coyle.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
BANK STATEMENT.

NEW YORK, May 3.-The actual con,
dition OF clearing house banks anu
trust companies for the week SLOWS
they hold $36, 74i, 1870 reserve IN excess
of legal requirements. Ihl3 Is \ ue-
crease Of So, 743, 72O from last week.
The statement follows; q $40 ooo.
Loans, discounts, ETC.. 5000, b85,ooo'
Increase, $l17, 10000, ,,o
cash In own vaults members OF the
federal reserve bank, $Si,6tI'ooO' de-
crease, S3,4l3,00O , -,
Reserve IN federal reserve bank OF
member banks, $5AS, 1876, 900, decrease
TReserye in own vaults, state banks
and trust companies, $ll,9S9,oo0' de-
crease, $3lS 600. .
Reserve in d~epositaries state paIkS
and trust companies, Sl2,l2l,ooo' ue-
er .Not s Se%aHd deposits, 5000, ssl 900;
increase, $25, S6S, 900, .,,r ooo am. In
Net time deposits, $l55,oso'ooo' IN
crease, 500, 0OO. ~ -
ISL. 600. Sqq7 sos mn
cess reserve, 1914 1870; decrease @'-
'fSSS nnmarv Of state banks and trust
connanies i'm greater New YORK., not
included in clearing house house state
menti o s7oo 81, non.
Loans, discounts, etc, $'9z'ol''VVV
increase. 81, 779, 900.
Gold, So. 263, 800; increase, $500: ,oo
currency and bank notes, s2O,97i,7oo'
Increase, $4,b25, 500. .a,L
Deposits with federal reserve bank
New York, $40, 1853, 500; Increase %
33S, 100. .oo, ~, mn, ,rore.se
s2S, O22, 800. go so- ON u,
' Dn,La' On oh In VAULT, AlN,DSI t4NN4
Trust companies cash in vault, Sl'-
27A 900.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
Crisis in Quest of Jobs
By S~0ldierS-ChurcheS to Aid

The crucial time has come in the ef-
fort to secure employment for return
ing soldiers in Memphis. Mrs. j. !,
Ware, In charge Of the department, OF
the United States employment service
devoted to securing jobs for soldiers
has well-nigh exhausted her list OF OPP
portunities, especially for men seeking
work In the city who do not want 10
leave Memphis. .
Due to the fact that hundreds OF CITY
boys have been mustered out lately,
the ranks Of men who want to go BACK
into offices, wholesale houses SINH
lar places Of employment are daily be-
coming more congested and the situa-
ton has assumed almost alarming pro
portions. Some boys have even gone
SO far as to have taken business courses
In the hopes Of being able to find bet
ter positions, only TO find that the OPP
portunities along these lines have grown
considerably fewer. -,
!. Sunday Is employment Sunday. Al
the churches will devote time to the
problem and prayers will go up for the
boys from many a mother. wife, sister
and sweetheart. Exhortations from the
pulpit, will not be in vain, Catholic and
Protestant alike will join. Now as
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
DEMAND
is STILL GOOD
Trade Conditions Improve and Stimulate Buying Of
Raw Material-Peace Hopes Encourage Optim-
ism-Cool Spell Offset by Favorable Rains.

basis for taking the bull side, as was
the case when the armistice was
signed. There is, perhaps. ample rea-
son for current level OF prices, as cot
ton is apparently around value, In view
of what il cost to raise II and the
bigness Of the supply yet to be sold,
Statistics are bearish, and for the past
week there was further relative gain
in the visible. Spinners are taking
their supplies slowly, only 1880 bales
Of American having gone to them our
ing the past week, compared with l65,-
900 for the same week last year, al
though there was an increase OF $4,000
in the movement to sight The rela-
tive gain in American visible was there
fore IS, 900 bales.
The rate of buying does not yet sug-
gest that the new season will start
without an enormous supply to be old,
although it may be in strong hands. The
export movement is also picking up
slowly, the ship supply being limited.
Total exports for the season to date
are just a little less than 100000 bales,
with three months to come and the
prospect for only a slow increase In
the amount of available tonnage.
Attention is therefore being directed
more and more to what is probable
for the new crop. 1t is early yet to
tell what the extent Of acreage reduc-
LOH VIII De- DuI IL ScCLnS IcdSOAdolS
to assume that 1t will not be more
than Is per cent, while the probabili-
ties are that 1t will be less, unless un-
toward weather conditions arise. Some
OF the bear crowd are giving Texas a
lot Of attention and are encouraged
by the excellent supply Of moisture the
big state has received during the win
ter, which heretofore has figured m
siderably in yield. There are also a
number of people who are making
claims that acreage reduction out there
will be very small. OF course, all Of
this figures somewhat in sentiment,
yet it is significant that so far there
has been nothing more than negative
bearishness based thereon.
In the local territory progress In farm
work was satisfactory and some sec.
lions reported planting about finished
and cotton coming up to a good stand
In the local market sales were %, 200
bales and unsold stock cut to It's, 600
which compares with 1870 a veal
ago. Exporters were best buyers anC
the demand still ran largely to staple
varieties.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
WILD FLUCTUATIONS IN
COARSE CEREAL PRICES

CHICAGO, May ACKNOWLEDGEMENTS
that the corn market this week under
went the severest break which ever
took place during a single session OF
the Chicago board Of trade, prices this
morning were up again to within 20
3%c OF the figures current before bust
ness began last Saturday. Differing
aspects Of the problem Of how best to
hold an even balance for the huge con-
flicting interests affected by distribu-
tom OF the American wheat and flour
supply were mainly responsible for the
wide swings Of the corn market, The
weeks outcome for oats ranged from
2hc decline to INC advance for pro-
visions from 2hc off to a rise Of soc.
Rushes to sell corn reached their
climax on Tuesday with a tumble OF
l1hc. a bushel In prices after the ma
tional wheat administrator had de-
clared that speculation In flour must
stop.
Oats were governed by corn.
Provisions shared the flurries Of
grain, but averaged higher on account
Of foreign demand.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
GRAIN MARKETS
Excessive Rains, Further De-
laying Planting Have BulliSh
Effect on. Corn.

CHICAGO, May 3~.-Excesslve rains,
likely to delay planting. had a decided
bullish influence today on the corn
market. Buyers were in Il great ma
jority and gave but little heed to other
factors than those tending to make the
planting season late. Demand, how
ever, was mostly for small lots, Open
ing. prices, which ranged from 1o to
SIC higher, with July $1,67 to $l,69 and
September $1.63% to $i.64%, were fol-
lowed by material further gains,
No important setback took place in
the later dealings. Prices closed strong
2& to 3Ac net higher, with July $l.6SS
to $1.6Sh and September $i.64h to
$1.64%,
Oats reflected the advance OF corn.
After opening Nc to INC higher, with
July 72Ae to 72&c, the market under
went something OF a reaction.
% Provisions were strong as a result Of
upturns In the value of corn and hogs.
Trade. though, lacked volume,
Most OF the days gains were held at
the finish.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03

never before should employers through
out the city remember the ads who
fought for them and make a place for
a soldier boy or several soldier boys.
Many Of them have grown more valu-
able for their experience In the world
war. Many more ave had physical
endurance impaired to such an extent
that some of the tasks they formerly
performed are now impossible. In any
event the boys are with US They need
our help, Shall we not give 1t to them !
That conditions in some other places
are being met with greater dispatch
than here Is indicated by a message
received at the bureau Saturday ask
Ing for a s~tenographer to M a posi-
ton vacant In Little Rock. Men IN
versant with farm labor are finding
jobs as managers scarcer as the sea
son advances. and fewer highly skilled
workmen are being mustered out Of
the service.
It therefore puts a responsibility
squarely up to the city employers to
help the boys who fought for democ-
racy.
Mail an Opportunity to the United
States employment service, 1903 South
Court avenue today. The blank;
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
FROM WALL STREET
General Advance in Rails and
Metals Features Short
Session in Stocks.

NEW YORK, May S.-The final ses-
sion Of the week on the stock exchange
witnessed another general advance. in
which rails. metals and high-priced
specialties figured extensively. Some
Of the investment tobacco issues, not
ably Lorilard and American Snuff, rose
5 TO almost Is points. Equipments
were l to 3 points higher, motors aver
aged 2-point gains and Shippings i'm
proved on the further rise Of Atlantic
Gulf to the new record Of l54A. Food
and fertilizer issues extended their ad-
vance and United States Steel rose a
point. The closing VAS strong. Sales
approximately 100, 600 share Bonds,
including Liberty issues, were steady to
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
sPINNERS TAKINGs.
MISCELLANEOUS

CHICAGO, May SHUTTER lower;
50@55c. Eggs, firm; receipts
3S,7S7 cases; firsts, 4l@43hc. Poultry,
alive, lower; fowls, 35c.
SAVANNAH, Ca, May 3.-Turpen-
tine firm, 73c; sales zone; receipts, IL;
shipments, 2o5; stock, Q 1850.
Rosin firm; sales 321; receipts, 224;
shipments, 4oS: stock, 55,621.
Quote B. S11.l0; D, =, Sll.45; +,
$1S. 100 1920; M, $13, 800 Ia. 40; N, $14.10
We, Sl425; WV, $14.S5.
NEW YORK, May s.-Butter weak;
receipts, S,715 tubs: firsts,. san @55c.
Eggs steady; receipts 47,142 cases;
Southern section .firsts, E3h@4bc.
Cheese steady receipts 1885 boxes
average run, 31A @32c. Poultry alive
easier; broilers, 60@75c: fowls, 37@SSc;
turkeys, 25926c. Dressed, steady and
unchanged.
KANSAS CITY, May 3.--Butter 1c
lower; creamery, 55c; firsts, 53c; sec
onds, Sic; packing, 41c.
Potatoes and poultry unchanged.
ST. LOUIS, May S.-Poultry and eggs
unchanged.
Butter-Creamery, SIC.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
CONSOLIDATED PORT.
ToMoRR0W's
NEW YORK COTTON.

NEW YORK, May 3.-The cotton
market opened barely steady at a d.
cline of I to % points under scattered
selling or realizing for over the week
end, which was promoted by"a favor
able weather map and a New Orleans
report indicating a reduction Of only
III per cent In acreage,
Bullish reports from the goods trade
and prospects for increasing exports
encouraged buying At the decline b noTc
July rallied to 26. 58c, while October
advanced from 24.52c to 24.65c. or
within 10 to IL points Of last nights
Closing figures.
July sold up to 26.72c and october to
"a. soc, or about 2 to 4 points net higher
later in the morning on trade buying
and covering The close was off from
to best under realizing with the tone
steady at a net decline OF 2 to IL
points.
Suot, cotton quiet; middling 29.10c.
Futures closed steady at decline Of
2 to II points. t..
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
NEW ORLEANS COTTON.

NEW ORLEANS, May 8.-Better
weather in the belt caused a drop Of
16 to 20 points in the price Of cotton
around the opening today, but a good
demand, based on continued favorable
spot accounts, sprang up and a quick
reaction ensued. At the end OF the first
half hour OF business the most active
months were 10 points over yesterdays
close.
Spots closed steady and unchanged;
ordinary, 16.b0c; good ordinary, 1890;
low middling, 23,25c; middling, Csc; good
middling, 29c. Sales on the spot, 1870;
to arrive, 1874, Delivered on contract,
none.
The demand increased moderately.
absorbing all offerings, and late In the
session the most active months were l3
to 23 points higher than the final prices
OF yesterday.
Futures closed steady and unchanged
to advance Of 80 points. 5
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
LIVE o MARKET.

FORT WORTH, Tex. May Seattle
Receipts 900; steady; Beeves, 800
Hogs-Receipts 500; steady; heavy,
$50. 20, rs.
,,S S&ssp i, ssst 1900; n~oAa"s'd;
1000; market 1S@2Oc higher; balk
$50 $50 20. 66; heavy weight, $20,606
2O75; medium, $40. 10000. 10; lights
SIS 5000 80; pigs. l 7.50@1S,75.
Cattle-Recelpts 1000; steady to 25e
sheej-Reoeipts 1000; 25 to 4Oc
higher.
ST. LOUIS. May 3.-Hogs-Receipts
800; steady; lights, $l9. 5000, 35; pigs,
SIS. 90 10. %; mixed and butchers, 1890
@2o,6 50; heavy, s20.55@2O,65; bulk, 5000
Cattie-Receipts 1000; steady; native
steers and heifers, $s.60gl6 90, cows,
Southern steers, $40. 900 1900; cows and
heifers, $7.50@i5.O0; Gamers, $500,
1875; calves, S.75@15,00
sheepmoReceipts 500; steady: lambs
KANSAS CITY, May 3.-Hogs--Re-
celpts ZOO; nominally steady; bulk,
$40. 80 @20. 20: heavies, $40. 10000. 40; mo-
dunn, ;1sstg?o$b; lights, 'iS76@aOOo;
Cattle--Receipts 200; steady to lower;
heavy beef steers, 11.50G1S.75; light
beef steers, $40. 25117,5 SO; cows and
heifers, 6.60@15,2 rs; Gamers, 5000
$50; calves, $s.6OQ12. 50; stockers, $3.50
@16.25.
Sheep-Receipts 900; steady to high
lS'25; IS pounds or more, I16,25GiS7S;
ewes, $11.25@14.50.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
COFFEE.
BONDS CLOSE.

NEW YORK, May 3.-Liberty bond
ina prices today were: 3l4s, 1854;
first As, 95. 50; second As, 9i24; first
iss' 95 Is; fourth ANS, 94.40.E
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
HTne1neaO M


HELENA, Ark, May 3. (Spl,)-The
funeral OF Mrs. Louisa Baker was con-
Quoted Thursday from the family resi-
dence. She died on Wednesday as a
result OF wounds sustained by falling
some time 4 She was 81 years q
age and perhaps the Oldest pioneer
citizen in Phillips county.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
LONE

NEW YORK, May S.-Mercantlle
paper, 5Ap51s; sterling, 6o-day, bills
$4.64; commercial, 60.day bills on banks
$463A; commercial. as Dliis'
sf.63ii demand. S,65b; cables, $'67S.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03
TEXAS RAINFALL.
COTTON AREA

Light precipitation occurred at a few
stations in Oklahoma. Nearly normal
temperatures prevail with maximum Of
"A to SO and minimum of so to Ga in
interior of region.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03

Corn No. 8 yellow, $40; No. 4 yell
low, nominal, No. s yellow, 1876, Oats,
No. 8 white, TON @71%; standard, 72@
72hc; rye, No, 2, nominal; barley.
$1,16@1, %; timothy, $S,0o@ll,Oo' clover,
nominal; pork, nominal; lard, $50, 40;
ribs, $2S.0 0Q28.75.
KANSAS CITY, May 3.--Cash wheat
unchanged to Sc higher; No, ! hard,
2.84; No. 2, $3.50; No, l red, SITS; No.
3, 1890.
Corn, / to &c higher; No. 2 mixed,
s1.74; No. 2 white, $1.75; No. 2 yellow,
$l.H, -
oats, 1c higher, No. 2 white, 1910
74c; No. Q mixed, TON @71hc.
Rye, $l,62@165.
ST. LOUIS, May 3.-Corn, No. 2,
$l.7lk; No. 2 white, $l.74.. o,
Oats-No, 2, 7lhc; No. 3 white, TN
@73c.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1919-05-03

-s-CIoSe---
r Open. High. Low. TIDY. Pre-,
July -. 1877 1@ 1877 1855 1s5h
Sept. =. 1874 1.s5 1881 l64h 161%
July . .724 ,72% TN ,72% .7l%
Sept. :. .7Oh II .7o% .7o% .69A
Pork
July. 51.6O 51.75 5i.35 SLIGO 5l.5O
July. $3.50 $3.50 $3.50 32.O7 ....
Sept. 80. 3l,D S1.N $40 31,sb
May. go. 1886 2S.75 1896 $500
July. 1925 2SO 2S.07 2S.30 2S.15