davidaulloa/AmericanStories huggingface dataset:
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
COTTON MARKETS
Bank Failure in Spain Causes
Weak Cables and Bears
Rampant This Side.

Tuesday Afternoon. Dec 2S.
More troubles came in the cot
ton market today and values re-
coded further. breaking sharply be-
low previous low points. The chief
bit of news was the announcement
OF the failure of the Bank of Bar
celona, In Spain, which seemed to
bring about semidemoraliZations In
London and Liverpool. Its effect
was felt indirectly on this side for
1t tended TO aggravate the feeling
or pessimism and stimulate more
pressure. The selling found absorp-
tive power of the market limited and
the result was decline without
much resistance. Passing OF some
dividends and reduction of others
contributed TO the reactionary trend
~ the stock market and discouraged
support in cotton.
In Liverpool there was plenty of
weakness and finals for contracts
were easy at a net loss of 81 to 81
points Although the Spanish bank
Is said to have done but little cot
ton business, it evidently had extern
slVe connections in Great Britain and
IN that way was a factor in the
weakness of prices. Barcelona is the
chief port of entry for cotton into
spain and the trouble naturally re-
Elected conditions hardly conducive
to hope of finding much outlet for
cotton in that country. Private
cables from Liverpool were not
cheerful and spot sales were but o.
600 bales, showing that the mills are
doing but little, Quotations were
marked off 25 points, fully middling
to 10.79d. Receipts were $4,000 bales,
including $4,000 American. Manches-
ter cabled that clothes were dull and
inactive, while yarns were easy.
First prices in the domestic mar
kets were off moderately. rejecting
cables, March being 13.94d There
was little support, but sellers were
disposed to caution. In short while
previous lows were broken through.
but 1t was later in the session before
pressure became aggressive, coming
from prominent spot interests, and
Interpreted as stimulated by easiness
in the spot department. 1t was also
reported that Secretary Houston had
prepared statement for President
Wilson on the question of reviving
the war finance board, which fore
cast the veto of the measure, which
encouraged some professional selling.
Easlness in stocks and lack of any
inducement to optimism was also
factor.
The March option in the afternoon
touched 1880, drop of 81 points
over night and 81 from the opening,
with very little show of support
around the bottom. but sellers less
rampant,
Futures closed 40 to 81 points off
tone barely steady.
New Orleans closed 40 to 55 points
off, tone steady. Spots were 20 points.
lower middling at 1850, with sales $50
bales.
Liverpool is due to come . to is points
lower
In the local market quotations. were
reduced so points, middling to lac, and
sales were 100 bales.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
Grain.

Chieago.-Export business very small
Yesterday 1t should be expected that
the demand win not be so brisk from
this, time, as Argentina will now be
offering their wheat IN cAnpetitlon with
American wheat, They have large
exportable surplus and are offering
freely. Corn market is heavy with re-
ceipts increasing and demand falling
off; look for scalping market for pres
ent.-O' Brien to McFall.
Chicago. There were export clear
ances of 100000 bushels wheat and
flour for the three days which hardly
exceeded the primary movement. Com
mixed with leaning toward the bear
~Side should the foreigners remain out
of the market as liberal buyers OF
what The entire trade is looking
at export demand as the main sustain
ing factor.-Tribune.
Buenos Aires.-Wheat closed yester-
day Sla to 4kc higher, Corn lie higher
Chicago. -=Deliverres today on Deem
Der contracts. Corn 10000 wheat III, =
600, oats TO- 000 rye 10000, barley l5,OOo.
Chicago.-There are said to be indi-
cations Of Great Britain making loan
to Germany IN the near future, which
is expected to result in that country
buying food supplies liberally-T' &
NJ to Clark & Co.
Forecast all states;A Generally fair
tonight and "Wednesday, rising tempera =
lures.
Broomhall cables Argentine weather
continues fine and is favorlnG the cut
ting Of the now crop of wheat. This
operation is making good progress, Tho
market holds firm. For the time being
local traders are inclined to feel some
what friendly toward wheat as they eN-
pect a fairly good foreign demand with
In the near future Rosenbaum Grain
Co to Reese.
Minneapolis wires as follows: Spring
and winter wheat offerings very light
and in good demand at firm Premium &.
Durum wheat demand better than yes
terday's.-T. & Nj.
Chicago Frank c. HoH ger, of LU-
gan g. Bryan, says: The weak stEl
market is a reflection of the same con-
ditions which obliterate anything con-
structive in the grain market and we
therefore believe the latter will drag
to much lower levels. '-Shcpatd Y
GluCk.
New York wires. Belgium took ga e
coo bushels wheat last half Of Marcn
shipment.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
NEW YORK COTTON

NEW YORK. Dec. 2S.-The cotton
market was unsettled at the opening
today owing to a renewal OF wal
street and southern selling, while there
was also some selling here for Liver
pool account and the cables we're lower
than due. First prices were barely
steady at a decline Of 10 to 81 points.
with January selling at l4,l0C and March
at 49, SIC during the first few minutes.
Reports Of financial troubles In BARGE
iona, Spain, probably caused some
nervousness and three more January
notices were reported in circulation.
The threat q harbor strike AT the
beginning OF next month led TO cover
ing by January shorts however, and
the general list turned slightly steadier
with January selling up 20 IA 25c and
March to 1850 during the early trad
ing.
@'rhc market showed increased weak
ness later in the morning owing 10 con
tinued Southern selling. reports Of
larger spot offerings, the closing weak
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
MISCELLANEOUS

CHICAGO, Dec. 2s.-Potatoes firm;
receipts 20 cars Northern white, sacked
$1.5091.60 cwt.
LONDON. Dec. 2s.--Closing: Standard
copper, spot, Ell, SIS; futures, 973, 2s,
cd. Electrolytic, spot, GS2; futures,
GS4 Tin, spot, f30O 5s; futures. 92o5,
lis. 6ds Lead, spot, G21, los; futures.
sac, 15s. Zinc, spot, G24; futures, e26
KANSAS CITY, Dec. 2S.--Eggs, firsts,
Butter unchanged.
Hens. 20@2Sc; springs, 23c; turkeys,
Acc.
Potatoes, 2O9a5o higher. s1.sOd2.25.
NEW YORK, Dec. 2S.--Bar silver,
domestic, 9sl2c; foreign, Csc. Mexican
dollars, 49Kc.
CHICAGO. Dec. e2S.- Butter higher;
creamery extras, 55c.
=, Eggs. Higher; receipts 2,S7S cases;
firsts, 69@70c.
Poultry Live higher; fowls, 2O@27c;
springs. 26c turkeys, 4Oc.
SAVANNAH, Ca, Dec. 2S-Turpen,
tine quiet; 9213 last sale Nov. 20 at
92ha: receipts, $50; shipments, rs; stock,
H,773. Rosin quiet; no sales; receipts,
,
quote: B, d. E, F. G, H, |, K, NJ, N,
Wg. WV, 11.00. Last sale Nov. ~ at
HOO.
NEW YORK, Dec. 2S.-Bar silver, do
nestle, 991sc; foreign. 65c; Mexican dol
lars, 40 Lac.
NEW YORK, Dec. 2S.--Butter firm;
creamery, firsts, 43 1-4G55c.
Eggs, firm: fresh gathered firsts, "A
d75c.
Cheese irregular; average run, 22@25c.
Live poultry firm; chickens, by
freight, soc; by express, 32d35c; fowls,
SSQ34c: turkeys, 45c. Dressed irregu-
lar, Western chickens, boxes, 25@i2c;
barrels, 25d35c: turkeys, old, 45@49c.
NEW YORK, Dec. %. Coffee No. Z
Rio, 6 3-16c; futures easy; March, 6.2Ss;
September, 1890.
NEW YORK. Dec 2S.-Copper weak,
spot, nearby and first quarter, 13913h.
Iron quiet; prices unchanged.
Tin firm; spot, 1925: futures, 34.25
@34.50.
Anthony, 5.25d5.37h.
Lead steady; spot, 450di.75.
Zinc quiet; east st. Louis delivery,
spot, 560d5.75.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
NEW ORLEANS COTTON

NEW ORLEANS. Dec, ga much
lower Liverpool market than due result
ed in heavy selling Of cotton here to-
day and in the first half hour OF bust
ness prices dropped under 1t 25 to 81
points. January was carried down to
1850 and July to 1850. The effec!
OF the poor cables was increased by
selling by Liverpool in the markets Of
this side Of the water
The failure at Barcelona caused very
heavy selling which carried all months
off TO new low levels for the season.
Offerings of March were particularly
heavy for while and the selling was
set down to foreign account as they
came from houses with international
connections. At IL o'clock the list
showed losses of 56 to 80 points and
January was down to 12,52c. July trad
ed down to 1920.
Spots closed quiet at decline OF 25
points; ordinary, 4.50c; good ordinary,
5,50c; low middllng, $500; middling,
1860; good mdding 1880. Sales on
the spot none; to arrive, $50 Deliv-
cred on contract. 200,
Futures closed steady at decline of
40 to So points.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
COFFEE,
PUBLIC HEARING
ON LEGISLATIVE
MATTERS F|ZZLES

The interest of the public in legis-
lation is on the wahe, or perhaps 1t
would be better to say it has en-
tirely waned, If one Is to judge from
the attendance upon the announced
public hearings of the Shelby county
delegation to the legislature.
There were one or two persons,
besides the members of the delega-
ton, at the final hearing Tuesday
morning in the county courtroom.
After waiting some time, the dele
cation adjourned and will not gather
again for a public hearing before the
legislature Convenes.
Tuesdays was q postponed meet
ing, the delegation having met We'd
nesday of last week for a hearing.
However, it was raining hard on that
day, and the lack of attendance was
attributed to the weather The fail
ure of Tuesdays meeting to draw
anyone with propositions for bills
was considered ground by the dele
cation for the superstition that the
public had had its say on proposed
legislation.
Senator Lois Bejach is scheduled
to leave for Nashville Tuesday night.
He goes to the capital in the inter
est of his candidacy for the speak
ership of the senate, Reports to date
indicate that no states have been
formed for the senate, and that the
race is still open to the various cam
didates, none of which is reported
to have enough following to cause
him to feel sure of election.
The delegation will meet Thursday
night with Mayor Paine and the city
commissioners at Hotel Chisca to
discuss the various bond issues the
delegation has been asked to get
through the coming session of the
Legislature.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28

ness OF Liverpool and unfavorable gen
eral trade adViccs. All active months
made new low records for the season.
January selling off to 49, SIC and March
to 1850, or about SIS to 60 points be-
low last nights closing quotations
Prices were within or 7 points OF this
level around midday, Trade advices
from Liverpool reported no improve
ment there and said today's market was
Selling wa Ness active after after q ore ea
ditions in Spain.
to 10. zoe for January and 1889 for
March, and there were rallies of few
pointa on covering. with January ruling
around IL. soc and March 13.42c, or
about S. to ~ points net lower shortly
after o'clock
Futures closed barely steady at de-
cline of 43 to 81 points
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
ASK $4,000 FOR
DEATH OF YOUTH

The sum of $40, 900 is asked of the
receivers of the Memphis Street Rail-
way company and the city Of Mem
phis, as damages for the death of
Thomas r. Dean. who was killed
Nov. %, when he was thrown from a
bicycle after striking an excavation
in the street on Trigg avenue
A suit filed in the circuit court
Tuesday by J. =. Dean. administra-
tor of the estate of Thomas II. Dean.
sets out that the street railway com
pany was Negligent in leaving the
excavation in the street without
warning sign and that when young
Deans bicycle struck the hole he
was thrown violently to the pave
ment, his neck being broken.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
GRAIN MARKETS
Eastern Selling Causes Weak
ness in Grains in Early
Tradinu.

CHICAGO. Dec. 2s.-wheat declined
In value today as a result Of selling on
the part of houses with Eastern con-
nections. The fact that cotton had
fallen to new low record prices for the
crop counted as bearish factor. UpeR-
ing quotations, which Varied from up-
changed figures to 1kc lower with
March sissy to $163ls and May $1.57Ia
to $1,5S, were followed by a moderate
downturn all around
Considerable wheat export business
was noted later and large export sales
Of rye, but the wheat market, neverthe-
less failed to develop strength. Tho
close was unsettled ihQ3c net lower.
with March $l.62h@1.62A and May
H.s7a @152A.
Corn weakened with wheat. After
opening unchanged to NC lower. in
Guiding May at 72% to T31sc, the mar
ket underwent a slight further sag.
Later the market hardened owing to-
scantiness of rural offerings The close
was nervous at &c net lower to / 3sc
advance, with May 73h @73hc.
Oats were governed by the action of
other grain, starting unchanged to nc
lower, May 4s& to 4s 7-Sc and show
ing subsequent additional weakness.
Depression of the hog and cereal mar
kets tended to pull down provisions.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
MONEY

NEW YORK, pc. 2S.---Prlme mer-
camille paper "a, as, exchange irregular
sterling 6O-3ay bills S45ia, commercial
,6O-day bills on baKs S45ls. commercial
6O-day bills 9I5, demand $50, cable S5l;
francs demand $50, cables 5.S4. Belgian
demand 3l.25. cables 3i35. Lire 6qmand
2.3j. cables S.37 Marks. demand Ss,
cables 1875. Greece. demand 100. Mon
real l4ia per cent disco lint Govern
melt bonds irregular Railroad bonds
Irregular Time loans firm 80 days 80
days and six months 7ha7Ac.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
BIRTHS!

W ]. and Linnie Ava Early 26S
North Manassas. Dec 70, girl.
Fred and Myrtle Werner MCCullar,
566 Adams. Dec. 3; girl.
Carl and Mary Fran'ls McRae, 2lOl
Cowden. Dec. ?, girl
Mallory, Dec j, boy.
ingram and Mia Airline Wilson, 759
Court, Dec. ~; girl.
G. ]. and Dorothy Forbes Wright,
1859 Court, Dec. l. boy
William Horace and Gladys tohnSpn
Moses, So Mallory. Dec -, sri
William c. and Thclma Bryant, 2O53
Iarbert Dec. II; girl
James Ryan and Helen Dolan 4Os
Inhnn hnn 10. riIl
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
DOW JONES SUMMARY.

NEW YORK, Dec. 2S. Japan said to
be entirely satisfied with action of Cali
fornia in enforcing referendum adopted
in November whereby state will pass
law forbidding alien ownership of any
land. .,a&
Pennsylvania road lays off more men,
N esident saying, 1t necessary until busi-
ness gets better
Farmers beginning to sell wheat in
North Dakota.
National Bank of Commerce says i'm
provement of business activity awaits
adjustment Of retail prices to level sat-
isfactory to public. declares sentiment
respecting forward conditions now no.
Average price 70 iridusttials. $751;. off
30; 20 rails, 1896, up go
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
POSTCARD is DELIVERED
Z MAILED NINE YEARS AGO

(By intsruationals NewsN serviee.)
PORTSMOUTH, o., Dec. 27..-~This
city is, just So miles from BlaMchester,
this state.
1t was nine years ago that Horace
.Beloat, well known local resident,
enjoyed vacation, part of which was
spent at Manchester.
While there hesmailed a postcard to
his sister, Mrs. Mayme Ketter, also a
resident of this City.
A few days ago the postcard EAR
rived on the noon train over the
Norfolk & Western railroad, and was
delivered to Mrs Ketter.
Although "a "trifle late" the card
was duly appreciated.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
CAVE MAN TACTICS
LAND HIM IN JAIL
(5y international News ssrvice.)

(By lntsrnatiora News SsrvIce.)
WOBURN, Mass, Dec. FL lSicho-,
las Garlen had been reading about
cave men and now women "love 'em
masterful."
He went into the home of neigh
Dor and tried to take his wife by
storm with his impetuous wooing.
He told her he loved her. She told
him to get out.
The woman, who is married,
brought the "cave mans suit to an
end with broom. In district court
she appeared as a witness against
him.
Garlen was sentenced to three
months in the house of correction
and appealed, being held in $500.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
DEATHS.

Elizabeth Bentz Mcrkt, 80 s66 Kerr,
Doc %. asthma.
william Pratt Malone. 81. 1884 North
Parkway Dec 2l bFonCho pneumonia.
Elise Black. II, 50 West Rtlch. Dec.
"a: pulmonary tuberculosis
Waiter Frisby, 10, 500 Palmer. Dec
X: nophritis
William If. Johnson. 81 S25 Randle.
Dec "a. hemorrhage.
Susie Ralney, g. 81 Ayres. Dec, %.
Nmphatic lenkemia
Via Reest McCulley. 4 months. 229
Court. Dec. q; taccidcnD Tall.
Rosie Miller, j5 Memphis General
hospital Doc Il; ustNomyelitiF.
Bernie Brown. /, N2O Lewis Dec.
% cause not given.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
MEMPHIS MARKETS
Produce.

Produce. 3
Eggs-selects. ss67oe: storage. $50
I Butter-Fresh creamery, pound prints
504b2c; country butter, 21429c.
Cheese-Cream prints, 26Q2Sc.
Penltrv--vDncks, l7@s0c: hens, alive
IaS sS S brosfs i ssSaSe, iS srss stsss
2l92bc; geese, 20Q22c; turkeys. 400
48c; dressed, 50@55c.
Rabbits-Dozen. $2.0ORS.2b.
Vegetables.
Beans-Navy. per h.. shc; Lima. per
Potatoes -Cwt.. all varieties, $3.50
$50. "
onions-sacked. 100 lbs. 's.Oo02isS;
| white. $3.50.
| Celery Michigan. buis'h. 6OW1bc; CAL
Peppers-Basket, s1.0o@125. :.
Parsnips s1.76. y
Cauliflower-orate, s2.250Sbo.
SQua Sh--Pound. l5c.
Cucumbers-60c@y1.0o.
Lettuee--Crate, 1.76.
Snaps Hamper, N.7505.O0.
Tomatoss-Cslifornia Tugs. t2.bo0S.oe.
Groceries.
F1our-Barrel, 9A.pound sacks, Slo,:S
@12,60;. aelf-rising, 411.2b013.:S.
Meal3-crssm, 1oo,lb. sacks. sos; 20
10. sacks, S2.l5; 2s-lb. sacks, a22S; 10
~ co OfHSs. .R sesS nulh Der pousd,
highest GRADE ss64S9a
susar.stsedard Ssst graduated
cane. domestic, s@9hc.
Rict-Bsgt head. A@7Mc.
S an, NJ toodis1 a.. norn 30 I %
i.s0: hominsy. No, 8. Si,2S: krau.. No.
+" 'o' peas Ssovl.es'
Fruits.
L Len,ss Po T;s a,ts,o,s "A xmx oo.
Other varieties, Ss,501 @$SS; barrels.
York st5oEsSo Sysnos. u,5o@t.SO:
pried FrS,t-Byapogstea sEg,.. ~
ISX orc; apricots, Hon,n%Y
drspsiluitng s7s. ':7: ss sy c,,,,or
MIA. SS506A75.
Grapes Enpsrers, sra!s. N:se; Nal
Ss.ss93.5S.
SrsnbSrTfesApoun M lass than harre.a.
10000.
Nuts-Pound, Brazlys. soc; wslpu:s.
24Q30c; almonds, 24Gc5c: pee9ns. 500
aOc; mixed. Csc =
Pears-Western. box se.oeasso'
S "t
Hides-No. /, green, salted, 1853;
partl ycrred. 69fc; green. t50sc; DAM
aged culIs, half price; dry f1int. $50
14c; dry sslted, 11012c; No. grades.
1c. lower,
No. ! horse hides. N.oeh426: No.
horse hides, $3.o0d325 giues and ponies
St5o@200,
.Sheepskins. 10@50c: shesrings. ~
zbc; goat skins, 10026e' dry cuils. halr
price.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
Want Machine Gun
To Guard Booze

SAN FRANCISCO. Dec. 2S.-Pur-
chase of a machine gun to guard
Intoxicating liquor held here bv fed
eral authorities will be recommend
ed TO Washington, it was announced
today following an inspection Of
vaults where the liquor is seuues-
trated. Collector of Customs John
o. Davis said the liquor was valued
at more than $4,000. 600.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28

The value of oatmea, as a human
food is established by@Drs. c, IL.
sherman, j. G. Winters and V. Phil
lips in the Journal OF Biological
Chemistry. But II needs MIX in ad.
dition, and the two together can sup
ply man with all the protein
he needs,
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
LIVERPOOL COTTON.

LIVERPOOL, Dec. 2S.-Cotton, spot,
dull, prices irregular, good mddling,
ll.j4d; fully middling, 1O.79d; middling,
929d. low midding. 704d: good ordi
nary, sgd ordinary, Aj4d. Sales, 1000
bales. including 100 American Re-
american. Futures closed easy; Dec.
933d. Jan, 933d March 9.5ld, May
Q 7Od. July. 9.S5d, Oct esd
Contracts closed easy at decline Of e.
to 81 points.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
FROM WALL STREET
Little Trend Shown by Stocks
Early, But Some New
Lows Made,

NEW YORK. Dec, 2S.-The stock
market showed no very definite trend
at the opening OF today's session. but
hour. Crucible Steel and Atlantic Gulf.
at declines of l-fNto "a points, re-
spectively, were at lowest quotations
OF the year. Oils also were heavy.
Mexican Petroleum losing two points
and Pan American Petroleum l point.
national Harvester forfeItinR two noints.
Anaconda Copper. on which dividend
action Is to be taken today, opened I'M
changed, but American Smelling. one
Of yesterdays weakest features, con-
tinued itS decline y
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
No More Dope To
Be GiUen After
Friday, Says Doc

The city's dope line viii close Fri
day, according to an announcement
by DR.. J. +. Drake police surgeon.
The city has been serving dope" to
addict3 at a nominal sum- but the
health department. in response 10
federal government advices has de-
cided to do away with the practice.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
BOND CLOSE.

NEW YORK, Dec.2S.- Liberty bonds
closed: 3Ias. $3.50; first As $500 bid
second As, 1920; first AS s59s; second
Ans. S4.26 third AIS. $3.50; fourth AS,
1886; Victory 3as, $500; Victory 4%s.
as
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
Stocks.

New York. Anaconda passed its divi-
dend. United States Smelling and Re-
filming dec AIRED quarterly dividend of 81
cents for current quarter Company ha"
heen paying quarterly dividend Of $3.50,
-henslCy To Shepard a. Gluck.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-12-28
COTTONSEED OIL.
BANK CLEARINGS.
Did You Forget Him Xmas?

Remember him New Year with a
fine box of Samelson's cigars Epocas,
Extras, Melbas, Ruskins, PinZons and
Others. adv.