davidaulloa/AmericanStories huggingface dataset:
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17
NEW ORLEANS T T

NEW ORLEANS, Jan. 17.-After a
fall OF / to 10 points on the opening
call today, the cotton market strength
ened on a good demand, which appeared
to be divided between shorts who want
ed to even up over the weekend and
fresh buyers for long account, who
were coming into the market in the
absence of any alarming political news
over night. At the end of the first
half hour OF business prices were 20 to
AZ points higher than the close of yes
terday.
After recessions of 10 to Is points
the market strengthened again under
favorable accounts from the spot de-
partment and toward the close stood
at net gains of q to AZ points, Spot
people estimated sales after hours yes
terday at between 5000 and 5000 bales
and stated that Japanese interests were
the principal buyers,
Spots closed steady and unchanged,
Ordinary, &c. 25c; good ordinary, 2S.25c;
low middling, 32.75c; middling, 40,25c;
good middling, 42.25c. Sales on the
spot 1874; to arrive, Lis; delivered on
contract. none.
Futures closed steady at advance of
% to SO points.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17
MODERATE DECLINE
IN GRAIN QUOTATIONS

CHICAGO, Jan. 17-Disturbed finan-
cial conditions and official warning
against price hazards have exercised
a bearish effect this week on corn. The
market this morning compared with a
week ago was 2hc to sac down, oats
were off &c to 3hc, and provisions
varying from roc decline to TIC ad-
vance.
The first jolt to corn values came
from tightening of federal discount
rates. Then followed a cautionary
statement from National Wheat Direc-
tor julius H. Barnes in regard to the
danger Of excessive holdings of grain
when government control of the bread
stuff supply is withdrawn. Later still,
new low records of both British and
German rates of exchange added to
the weight Of bearish sentiment. On
the other hand prospects that congress
might grant $3.50, 000, 600 credit to Aus
tria, Armenia and Poland helped some
what to check the downward tendency
of corn.
Oats, like corn, were weakened by
liquidation despite gossip of liberal ex-
port sales, especially to France and
Sweden.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17
BANK STATEMENT.

NEW YORK. Jan. 1.-THE actual
condition of clearing house banks and
trust companies for the week shows
that they hold $34,227, $40 reserve in ex-
cess Of legal requirements. This is an
increase of $37, lao, 400 from last week.
The statement follows:
Actual condition;
Loans, discounts, etc, decrease $751;
Ill, 600.
Cash in own vaults. members f. r.
bank, decrease $ll, 2S4, 900.
Reserve in +. r. banks OF member
banks. increase $40, 70S, 600.
Reserve in own vaults, state banks
and trust companies. decrease $25l 900.
Reserve in depositaries, state banks
and trust companies, increase 1924 600.
Net demand deposits, increase $685.
222, 900.
Time deposits. increase $t3.O l2, 600.
Circulation, increase $3.50, coo.
Excess reserve, increase $37.l40, 400.
Summary of state banks and trust
compenies in Greater New York, not
inc!udad in clearing house statement:
Loans, discounts, etc, decrease $21,-
i66. 400.
Gold, decrease Sl65, 700.
Currency and bank notes. decrease
s., ia, 900.
Deposits with F. r. banks, increase
S95S. 200.
Total deposits, decrease S3s. $50, 900.
Total deposits, eliminating amounts
due from reserve depositaries and other
banks and trust companies in New
York city and United States deposits.
decrease SOS, 967 600.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17
DAILY PORT
DAILY


Tone. Ret. T'd'y Yes. Stock
Memphis, sly. ..,5.554 1880 1850 24t.6l2
st. Louis, sty..,..6 6, 100 40.50 40.60 1872
Augusta, at. LIS $3.50 1850 1884, 2S
Houston. sty las A. 200 also 223,0l2
Little Rock. sty. $50 1000 1000 53,I92
Dallas Sly. 1920, 49,. 1900 4l.S5 .,.,.
Total receipts todoys $50, 22,i0H
same day last year ......lhS22
Spot sales Augusta. 329. Dallas. 1857
Houston, +03S, Little Rock, 99t.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17
PRICES
CHANGE LITTLE
Bears Make Little Effective Use of Tightness in
Money and Decline in Exchange-Spot Steadi-
ness Continues Chief Obstacle to Further Decline.

Export movement continued free, hut
there was little 20 activity
among the exporters. Exchange rates
underwent further depreciation and
nothing was being done apparently to
help the situation. Predictions for still
lower rates were made, although the
growing volume Of exports by Europe
TO this country is looked to TO afford
help, The announcements that dairy
products we're being shipped from Eu-
rope to the United States, chiefly be-
cause Of the exchange situation. in the
lace OF the admitted urgent need Of
every pound Of such at home TO feed
starving mouths, merely served to
Illustrate the possibilities in other lines.
The effect Of an increasing volume OF
finished cotton goods shipped by Eu-
rope to this country as a market fac
tor Is a mooted question, as the more
they ship the larger will be the on
sumption Of raw material, most of
which comes from the South.
Trade conditions with the domestic
mills continue satisfactory and the cen
sus report on consumption during De-
cemher showed a record number of
splndles in operation and Sill, 900 balel
used, compared with 1900 same time
In 1918, but without any appreciable in
fluence toward checking the rising
N~ices for finished materials.
New Crop Is Discussed.
The influence OF the new crop and
conditions attending Its being pitched
occupied more prominence, hut 1t Is
early yet to give 1t more than passing
notice. The weather has been such as
to delay picking and the fate of that
which is Still in the fields Is still I'M
certain, Farm work has also been in
terfered with in those section that us
ually do much by this time, Advices
from most Hirhpfinng nanrfinp tho late
ness Of the start, and 1t is more than
likely to be a factor in determining
acreage, II there Is not a change soon.
The chief trouble Is too much moisture
although December showed Texas to
have had less than normal precipitation
ton that acreage will be increased
comes the contention that labor Is go.
ing to prove scarce and the matter OF
good seed likely to cut quite a figure.
1t seems that enough merit is In these
claims to help discourage bears becom-
ing aggressive. for they run Quickly and
after moderate declines offerings dry up.
What the next few weeks will bring
is highly prohlematical. but 1t Is gem
orally accepted that snots will continue
steady and the scramble for the better
grades and stanles will continue. AS
these get scarcer there will Of neces-
sit be turning to the lower, which
pre- plentiful enough, hut not offered
freely at prices nrevailing. Those who
have them are in position to market
them gradually, and such seems prob
able. Time enough Is left for starting
a hearish movement after more corr
ritments to the SINNERS are satisfied,
The danger Of getting in a squeeze
through indiscri~ninata selling Of con-
tracts at prevailing discounts is m
e~trv too Great tn attract traders, esoe-
cia1ly with snot holders so independent
ard quotations so much above parity
with contracts.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17
on GEORGE WILLIAMSON.

- SESNNE SUM-
Ine cotton market IN a measure
reached a condition Of stalemate during
the past week. although fluctuations
were lively enough and traders were
htpA guessing as TO which way the next
turn would be, Sentiment was fairly
wen divided with the main reliance Of
me bulls In the spot department and
ne ability n disposition Of holders
70 be very Independent as TO selling
tirmness characterized the market for
the better grades and staples, while
enough interest In the lower grades
about them.
The money situation was given much
consideration, but the stiffness Of rates
IN the call department OF the market
failed TO encourage the idea that cotton
values were going to suffer much there
from. The chief opponents of the view
mat the effort TO discourage speculation
In necessities viii depress cotton prices
were people In close touch with the
stock markets, which was ~reactionary.
They seemed to fail, however, 10 dis
eliminate between the usual sort Of
Sosth is INDUCING as to its upsold cot
ton. Tho hullish contention-and It
seems well founded-is that the policy
OF Withholding cotton until the worlds
shortage asserts itself In the shape Of
demand for IL, either at ruling or higher
prices. is legitimate speculation. Be
cause of the financial independence Of
the Southern holder the question Of
money rates Is Of less importance than
under the old order, when a large part
was being carried on borrowed funds.
After a moderate volume Of trading
and numerous erratic changes the period
closed with the list in New York from
% to 81 points off. while in New Or
leans losses were from 30 to II points.
No material alteration was had in the
prevailing differences between the va
rious months, although in the South
ern speculative ENTER the distant were
relatively steadler than the near, the
reverse being true in New York. In
the spot department quotation changes,
with the exception of an advance of so
points in Memphis, were downward,
ranging from 25 10 rs points, middling
upland quoted at 80, soc to 2,25c at the
leading centers, Volume of sales vas
fairly large, considering he independ-
ence of holders and scarcity OF certain
kinds Of cotton.
Watching Europe.
Conditions in Europe proved fertile
sources Of discussion and helped to
make the market fluctuate rapidly, The
sharp tumble in prices last Saturday on
the strength Of a rumor OF a revolution
In Germany. by which the government
had been overthrown, was followed by
recovery when its falsity was proven.
Better outlook for avoiding a big rail-
road strike 10 Great Britain and sharp
rise in Egyptian cotton caused Liver
pool to show much strength, but the
passing of a large part Of the straddle
interest with this side occasioned less
reflection on values in this country.
Later in the week foreign market weak
ened on concern over increasing polit-
lcal troubles on the continent, and in
n measure It found a reflection over
here.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17

sorbed within fluctuations OF a few
points during the early trading by mod
crate trade buying and covering for
over the week end. The amount OF
cotton on ship board awaiting clear
ance at the close yesterday was 290,22
bales against 206,975 last year.
Realizing caused some i~rregularity
during the middle Of the morning, but
there was a moderate demand from the
trade and continued covering which
prevented anything more than slight re-
actions and prices later flrmed up
again on bullish spot advices including
reports of Japanese buying. March
sold at 36.4S and July at 1918 or about
35 to 48 points nj higher on the more
active months and the close was steady
at a net advance of IL to B points.
Spot cotton, steady; middling, 39.25c.
Futures closed steady at advance Of
10 to 40 points.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17
FROM WALL STREET
Efforts to DepreSS Values
Fail to Meet With Success
and Close Firm.

NEW YORK. Jan. 17.-Further at
tempts on the part OF professional trad
ers to deprcss prices during today's
brief stock market session met with
little success, A vigorous rally attend
ed the opening dealings, but gains were
cancelled when heavy selling caused
reversals Of 3 TO 10 points In such
stocks as General Motors. CFucible
Steel, Mexican Petroleum, Texas Co..
American Woolen and u. S. Rubber.
Extensive supporting orders came in at
the lower levels, the rally In a number
Of instances effecting full recoveries.
The market became dull on the re-
bound, but gains predominated at the
firm close. Sales Appropriated $50, 600
shares.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17
GRAIN MARKETS
Additional Declines Occur in
Corn Follow Spread OF
BeariSh Opinion.

, CHICAGO, Jan. 17.-Fresh declines
took place in the value of corn today,
largely as a result Of selling, based on
adjustment of prices was at hand.
Opening quotations, which ranged from
Nc to &c lower, with May $1.S2 to
1925 and July sl.30s to $1,30ss were
followed by a moderate further set
back.
Subsequently commission house buy
ing on resting orders absorbed h Of
feIfngs, and brought about a rally
Word of trade resumption with Russia
evoked much interest, but had mo- APP
preciable immediate effect on prices.
The close was firm, at 1sc net decline
to NC advance, with. May, 1925 to
$1.33 and July, $1.31%. .
Oats sagged with corn. After open
ing NC to sc down, including May at
Sine to size, the market continued to
drop.
Provisions were weak owing to down
turns in the value of hogs and grain.
Open. High. Low, Today Prev.
Jan. -. 1861 1.S7% 1876 1871 1.S74
May -. 1872 1913 1914 1925 1929
July =. 1908 1914 1.$o 1919 1908
July =. .75A .75& rs 1871 .76A
May ~:..ss,s5 $500 $3.50 sS.S5 s ssh
May ,..s4so g4s5 S4.sS st4s s47S
May s'.,2O45 2o.55 2O.sO 2o.47 2O.sO
July ....... 2O.95 20.O 2O.S7 20.S5
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17

CHICAGO, Jan. 17,-Cash corn, No. 2
mixed, not quoted; No. 8 mixed, $1.42la
al. 43; Nos. 2and 3 yellow, not quoted;
No. 4 yellow, $1.40@1.41k. y
oatsINo. 8 white, S6@S7c; No, 8
white, 85@S6c.
Rye-No. 2, $1.77,
Barley-I.4 8Q1.5S.
Timothy Seed-$10. 00@14.00.
Glover Seed-$48.0 90 @52. 90.
Pork-Nominal.
Lard-$23 .70@23.S 80.
Ribs-$19. o. @19.87.
KANSAS CITY, Jan. 17.-Cash wheat
unchanged to Sc lower. No. / hard,
$2.78@2.98; No. 2, 5 2.75@2.96; No. 1 red,
$2.7302.7 rs; No. 2, $2.70@2.7 Il.
Corn, unchanged to &c lower. No.
mixed, 81. 4S@1 so; No. 2 white, $1.50@
1852; No. 2 yellow, $1.50@1.51,
oats. unchanged nominally.
No. 2 white, s7hc@S8hc; No.
mixed, 87MSSc; No. 2 red, 90@92c.
Rye, SLIP.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17
SHELBY CASE AFFIRMED.

The supreme court today affirmed the
case of j. M. Brown versus Lyman
Mathers, Shelby county, involving the
collection Of notes. No other cases
from Shelby county were handed down
Saturday, the majority being East Ten
nessee suits.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-01-17
MOVEMENT,
MuNET
fBy the Associated Press,)

NEW YORK, Jan. 17.-Mercantile
paper, 6, Sterling 60.day bills, 1851;
nercial 60-day bills, S65; demand, 36S% /;
cables, $685..
Francs, demand. ll69; cables. l1G0.
Lire, demand. t372: cables, 1870.
Marks, demand. 179: cables. 1871. Gov
trnment bonds, easy, railroad bonds,
easy
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-07-16
SNAP SHOTS
AT HOME NEWS

For sale-dirt Phone Blue 4Oo6.-Adv
For sale-dirt, short hauls. Phone Blue
40OG.-Adv..
That bicycle your boy wants is at the
Shawnee Cycle Co, ia East seyenth.-Ady.
Ten per cent saved on wall paper at
c. NJ. Hill & Sons, S26 Kansas Ave.-Adv-
:, Mrs: Margaret Douding. matron Of the
weeks visit i'll California.
For a limited time we are making a re-
duction of 10 per cent on waH paper. c.
NJ, Hill & Sons, s26 Kansas Ave.-Adv.
All issues OF Liberty Bonds bought
and sold. The Shawnee Investment
Co.. 534 Kansas avenue.-Adv%
Clifford Pierce. state secretary of the
Y. NJ {. A., has returned from y. NJ.
c. A. conference in Lake Geneva, Wis.
The Finlay Corporation, dry goods job
bers, and agents for foreign and domestic
manufacturers, is now open for business
at all Kansas avenue. F. V Finlay, and
his wife, mead the new corporation.
Swimming lessons at the Y. w. c. A.
will be resumed next week. Miss Hazel
Graves, swimming Instructor. has been I'M
able to give lessons this week because of
the death of her mother.
t. w. Williams. Shawnee county boys
probation officer, will be physical director
in the evenings at the Railroad Y. NJ C.
A. after september l. Williams is now
attending a Y. NJ. c. a. conference at Lake
Geneva
The First Methodist church is planning
to remodel .he pipe organ, choir loft and
other parts of the main room of the church
ut cost of $4,000. When Improvements
are completed on the organ, it will be one
of the finest in Kansas.
A Hudson super-six sport model, owned
by f. NJ. Bracket 1858 Boswell. was stolen
at $40 O'Clock last night while 1t was
parked on Kansas avenue. The wheels of
the car were painted red and the body
blue The license number was 2206S2.
r. B. Gallagher, n former@Topekan. who
has been division freight and passenger
agent at Amarillo, Tex has been promoted
to the position of assistant general freight
and passenger agent at Amarillo. accord
ing to announcements made at the Santa
Fe general offices. The appointment took
effect July Il.
visitors ut the Y W. c. A who patronize
the candy stand at the association desk do
not realize that they are helping to send
delegates to Y. W. c. A. conferencesA In
( the past year small outlay of candy, sold
at the penny and two-for-a- penny rate
has yielded more than $50 and is the
basis of the annual conference fund.
The De Soto Eudora and Lawrence sec
lions of the Kaw valley, are receiving
prompt attention in assignment Of cars for
their spud shipments. according to X. T.
Cunningham. of the Santa Fe who has
just returned from trip thru these re
gions The yield is running close to '15e
bushels an acre.
Suit was filed in United States district
court Thursday by r. F. Ellington vs.. the
Griffin Producing company for S5.J62.9 81
damages. relief in premises, and 5000 at
tOrney fees on the grounds that the Grif-
fin company did not fulfill its contract
| lease after having failed to develop the
lease.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-07-16
Labor Will Endorse Candidates
in Topeka Monday.
Attitude, on G. O. P. Governor
Choice Is Doubtful.
BACK EDWARDS FOR SENATE
Political Meetings To Be Held
in All Districts.
Behind Dayis's Candidacy-In-
dustI4aI Court Acid Test.

The first slate of the state cam
paign will be made in Topeka Mon
day.
Organized labor, with its farmer and
Nonpartisan league following, will
make endorsement of political can
didates when the Organizations cen
trail committee meets here. The or
ganization. which asserts it is not af-
filiated with either party, will list
both Democrat and Republican can
didates for primary election support.
AS yet the attitude of the labor
unions and their rural district asso-
ciates is not defined as to the Repub-
lican candidate for governor. 1t is
certain the organization will not
pledge support to Governor Allen. on
the other hand they may shy at the
candidacy of George NJ. Snow of Oak
land and malaA. no Republican guber-
Materials suggestions Yet Snow is
drumming on a platform said to have
been prepared by the State Federation
of Labor.
To Back Edwards for Senate.
John A. Edwards of Eureka is list
ed to secure the SUPPORT of the labor
union Nonpartisan league following in
the voting for Republican United
States senatorial candidates. Jonathan
NJ Davis of Fort Scott is slated for
endorsement as the Democrat candi-
date for governor.
L
ganization will throw it's support to
James NJ Chg Hearted Jim) Davis
| of Leavenworth as against Congress
man D. r. Anthony Jr- Opposition
to practically all of the Kansas delega-
| ton in Washington will be voiced, ac-
cording to reports.
Meetings in All Districts.
Political meetings will be held in all
of the congressional districts. The
first of their series OF gatherings will
be held in Dodge City Saturday when
| Seventh district affairs will be dis
cussed. Consideration of candidates
| by state and district gatherings will
upon for senatorial, congressional,
state and legislative jobs, as well as
members of the judiciary.
Efforts have recently been made to
lineup" a number of candidates.
Records and associations of all candi-
dates for offices viii be considered and
recommendations will be issued as to
votes of organization members.
Industrial Court Acid Test.
In addition to the organized labor
vote, the state committee will seek to
direct the course of the Nonpartisan
League and many farmers and nom
union workers, as well as the teach
ers. A complete slate will be provided
at the Topeka meetings and congress
sional district conferences. The COM
mittee in charge of the campaign plan
was named several months ago when
representatives of organized labor and
the Nonpartisan League met in three
days session in Emporia.
Attitude of candidates toward the
| industrial court act is an acid test for
men and women receiving endorse
ment. There is little probability that
any person favorable to the law or
| opposed to unbridled rights of labor
| to strike and assert its rights will carry
an endorsement from the meeting.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-07-16
Lansing Bound,
Two Girls Busy
Using Cosmetics

In a room in the women's depart
ment of the city Jail dainty pink silk
garments are hanging about; also
handsome black sweater and the
white satin skirt to accompany it;
also a tailored suit. Strewn about the
room are costly ivory toilet articles,
and all the cosm etics that are essen
tial to artificial pink cheeks, black
eyebrows, beaded lashes, and bright
eyes, and an electric curling iron
completes the equipment.
The room is occupied by Marion
Sherman and Elizabeth coleman,
young women whom the board of
health has found necessary to send to
the Industrial farm at Lansing. In
spite of their grim sentence, an i'm
portant part of their daily program at
the jail room/is to put waves in their
hair, to rouge their cheeks and attire
themselves in their expensive clothes.
The women were occupying an ex-
pensive room at a local hotel. when
the hotel proprietor suspected their
character and notified the local police.
They are apparently uncOncerned
about being sent to the farm" Mrs. B.
NJ. Webb. police matron said Their
chief object in life seems to be to
beautify themselves"
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-07-16
MN. RICE GOES up
Former Topekan Made General Pur-
chasing Agent OF New Haven.

chasing Agent of New Haven.
Word has been received in Topeka
that Nathaniel NJ Rice. recently vice
president of the Pierce Oil Corpera-
ton. in charge of fabrication, and for
merly general storekeeper for the
Santa Fe with offices in Topeka, has
been appointed general purchasing
agent for the New York. New Haven
& Hartford railroad. with headquar-
tiers in New Haven
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-07-16
STILL ONE MORE BOLT
New Factor of Users" Decide to Form
Their Own Third Party

Chicago. July Information of
another new party was taken up here
this morning by members of the Com
mittee of Forty Eight who dissented
from the decision of their convention
last night and felt such action still
imperative. Among those disag greeting
with the majority conclusion to launch
no new party at this time and going
into conference on the question were
Allen McCurdy, secretary of the Com
mittee of Forty Eight and keynote
speaker at the opening of its conven-
ton here last week, and Judge Wray
of Nebraska.
This mornings conference makes
the third bolt of the week. Nonpar-
tisan league delegates to the Commit
tee of Forty-Eight from South Dakota
first deserving it for the Labor party
convention, members OF the Commit
tee of Forty Eight later quitting the
farmer-labor party. and today's group
finding itself out of accord with the
latest action of the Forty Fighters.
The Topeka state journal. [volume] (Topeka, Kansas) 1892-1980, 1920-07-16

at 1890 O'Clock Thursday morning at the
Methodist home for the aged. Funeral an
nouncements later.