davidaulloa/AmericanStories huggingface dataset:
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
SPINNERs' TAKINGS,
MISCELLANEOUS
Week ended July g.

NEW YORK. July 1O.-Bar silver
domestic; 9S1ac; foreign, 92sc; Mexican
dollars, 69t2c.
CHICAGO, July 10.-Butter, steady;
receipts 1859; standards, 54%c: others
unchanged.
Eggs unchanged; receipts 11O44
cases.
Poultry unchanged.
KANSAS CITY, July 10.--Butter. esss
unchanged; hens up 1c, 26u29c; broilers,
Ala Acc.
NEW YORK, July l0.-Butter steady:
creamery firsts, 53a57bc
Eggs firm, fresh gathered firsts, 446
4Sc.
Cheese irregular, 26G27c.
1--we poultry not quoted dressed
steady and unchanged.
ST. LOUIS, July 10-Poutry springs
42c; others unchanged.
Butter, unchanged. Eggs, BIC.
SAVANNAH, Ga, July 1O.-Turpen-
tine firm, $l.42h; safes 500; receipts
SOL shipments 45S; stock, 1918, P'''
Rosln firm; sales 2,0l7; receipts I.731:
shipments. LIE; stock 30, 654
Quote B, Sl0.25, u, L, f, G, II, [. X
NJ, N, Wg, 1890; WV, sl3 IS.
CHICAGO, July 1O.-Potatoes. re.
ceipts 80 ears; strong; Virginia cob
blers, $1375Q1400; North Carolina cob
bers, $l2.7j4 1900; Southern Trlumpns
and Early Ohios, S0O0725.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
FROM WALL STREET
Stocks Hesitant at Opening,
But Before Close Display
Much !rrequIaritv.

NEW YORK, July 1O.-Stocks were
hesitant at the opening of today's ses-
slon' but became distinctly reactionarv
before the end of the first hour Price
movements were more confusing later
"heh ralls assumed the leadership, pre-
sumably on the very favorable cron
prospects; Canadian Pacific. Lacka-
wanna and various low priced issues
4otably Southern Railway and ST
LOUIS and San Francisco were espe-
ciaily strong. American Wooden Was
ueder constant pressure and reversal -
VI l TO points We're made by leading
0Ls, Crucible Steel, Corn Products, Az
isntic Gulf and minor speciaIties. Par
i tlal reco0yeries ensued in the final deal
Llss' me closing was irregular, Sales
Appropriated $50, 900 shares,
Kange OF prices of the New York stock
exchange with previous closing bids,
building aus
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
WEEKLY GUESS SAYS
WEATHER TO Be NORMAL

WASHINGTON, July Weather
predictions for the week beginning Mou-
dav are:
Middle Atlantic Statcq-GcroralIy
fair. although possibly local showers
toward the end Of the week Seasonal
temperatures
South Atlantic and East CUR ~ia,rs
Frequent local thundcrshowcra urur
able; seasonal temperatures
West Gun Slates-bcCasional local
thundershow"rs although muA,,v fair
the second half Of the week. Seasonal
temperatures
Tennessee-GeneraIl fair eNcrpt local
thundershowers about tho middle Ct tie
week, seasonal temperatures.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
his District.
MemphIg. Tenn. July
COTTON REGION SUMMARY

Temperatures are mostly near the
seasonal average except in Oklahoma
and Arkansas. wherr they are below
normal and 1t Is rather warm IN the
northern portions OF Georgia and Ala
bama Mostly light to moderate but
locally heavy showers occurred near thu
Atlantic coast and west Of the Mtssis-
sippi river except in western and ex-
tremo Southern Texas, and there were
local showers in Northern and Central
Mississippi. Special reports from
Charleston and Savannah are missing
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
MONEY.

NEW YORK. July Mercantile pa
per 7a,nS Exchange irregular Stcrl-
irg GO-day bills, $50, commercial to
day bills on banks. 800. commercial 60
day bills 3AHiq demand, 39i@s. ca
blcs 395ls Francs, demand S46 cables
3 IS, Belgian francs, demand, 90i. ca
bles, O6. GuUuers demand, 35.25 ca.
bles rs p Lire. demand. 6nJ. cables
g." Marks demand. 90. cables 1903
) 4 fork exchange on Montreal 3-I6
T. 7 ont discount Government bonds
,I.,, railroad bonds steady
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
DOW HOMES suMMARY.

NEW YORK, July 10.--National Labor
party, which meets in Chicago, refuses
to affiliate with so-called third party
convention, which begins today.
No prohibition national convention
this year, according to ex-Goy Hanley
Of Indiana. Offers aid 10 Harding.
Effort TO end car shortage confsr-
ence of leading coal operators called 10
meet in Washington Monday and Tues.
day
Dun reports J60 commercial failures
in the United states this week aga INST
IFS last week and 1l3 last year.
Germany signs agreement at SPA for
disarmament
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
BANK STATEMENT.

NEW YORK, July l0.--The .Ctual
condition OF clearing house banks and
trust companies for the week Give davsl
shows that they hold $10,Ol7, 500 reserve
in excess of legal requirements. This
Is a decrease of $43,4O7 $50 rom last
week.
The statement follows
ACTUAL CONDITION.
Loans, discounts, etc. $j,125.5l6 600,
decrease $3S,572 900
Cash in own vaults members federal
reserve bank, $l01. $3.50 900. increase $l2,
Reserve in federal reserve bank OF
member banks, $40 66S OOO, decrease
S51, 721 600
Reserve in own vaults, state banks
and trust companies, 1881 900, decrease
26.000
Reserve in repositories, state banks
and trust companies, Ss747O0O decrease
SlO3. 900
x-Net demand deposits. $4.l3s.34q. 600.
decrease $64. PSI 600
Time deposits, s252,63sO oO, decrease
S43s,000
600.
Aggregate reserve, 1858 .oo6 900.
Excess reserve, $1O,0lT00O, decrease
S43, 4O7, 900
x-U. S. deposits deducted s1s. sSS 900.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
Hides and Furs.

Hldes-No l green, sailed. l46l5c
partly cured, 1ln14c: green, l2I12c;
damag I'd vculls, hal price dry flint 22R
2Sc; dry sailed. 2062i", No. 2 grades
1c lower.
No. l horse hides. &5O"ab.bO. No. 2
horse hides, $4,00dL40; gives and ponies
$2,00Gi9 IS.
Sheepskins, 5Ocdu 90; ST. earrings. 2oc
as 90, goat skins, 15d60c. cry culls
half price,
Taiow-No !, SToc. No ., 6a7e,
beeswax, 34G35c, ginseng, ss.509950:
s45064i5,
Wool-Clear unwashed 20625c burnt
unwashed l0m16c; tub washed $50
&c. hurrX- Ma.hnh lmLa aAc-
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
Decline Is Moderate.

After an abbreviated week the list
or o1tions in New York is unchanged
to 81 points lower than II was at the
previous weeks close, while in New
Orleans there was a decline Of o. to %
POINTS The spot month was off lea az
or anv, all notices of tender thereon
having been stopped and liouidatIon
having been moderate.
Weather has been CLOSELY wotcbo.,
and prominent in reports from the
fields have been boil weevil flows
Ihere were some showers over the holt
days in certain sections and weevr
Tears were aggravated for il can not he
denied that the menace is serious
one In view of the lateness Of the cron
and the nildness of the past winter
The BULGE on Tuesday was based Inrro,
~ on the stories Of weevil activities
and prospects, but the weather turned
net,er and Thereafter the pest was NOT
so dominant as an influence The week
" weather summary read favorable and
rallied to give prominent mention to Tho
rest, which was a bit surprising. Tho
rest Of the week brought eycel1ent
weather and opportunity was given for
,Tther things to receive notice Inst
fo" much tho cron ie imnroUipg is
mere guesswork although some idea will
perhaps be had when the usual mid.
month guesses come. july is i'm
zen normally deterioration sets in
nut the lateness this year may unset
e rN'"u'attons. and it ie poesible
mat the month NAV see actual imnrovn-
"''Pt' which would leave the next con-
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
Grain and rsedstuffs

'Mcrchapts' EXCHANGE Ou0tation'
Oats-White, dray lots Sl.2s, mixed
$l30.
ChNps-Per ton, less IMAM car lots,
rurr Sscpnd. In draw loaf rots. No
a white, 300 No mixed, sl9S
NH +. sds-bray loaE IotT ION; bran
S5N 40; shorts. $4,000.
Hav- -Timoth% tn,H tnan car iIts. VI
S4i o. No ., sac 90. alfalfa. choice,
$500 No. L. $500 No. >, $3.50.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
BY GEORGE WILLIAMSON.

After having been in an unfavorable
humor for so long, during which time
. the cotton crop got off to very I'M
propitious start, Dame Nature seems
to have determined to make some
amends and try and undo some of the
harm she had done. With a large pros
pective amount of the old crop to be
carried over to new season. attribut-
able to several conditions and circum-
stances. and ideas of value more or less
predicated on the worst start on rec
ord for the new crop and unprecedent-
eddy high costs. the reversal in form
is proving disappointing in many cir
Giles and rather expensive. 1t can not
be said yet that the crop viii be a
large one compared with the average
OF the past several years but in view
OF unsettled and somewhat surprising
conditions in business circles and con-
tinuance of restricted credits and tight
ness of money there may be readjust
ment of ideas as to what the world
needs. With the crop ALREADY having
shown marked improvement from the
time of the June % report on condi-
tinuance there has naturally been en-
couragement to bearlsh confidence and
to a nonbuying attitude among the
spinners.
The past week was without doubt
the most favorable of the season for
tne crop. ana II was reflected by the
course Of values, although because of
previous decline and certain facts pres
sure was not strong. The technical
position Of the speculative market was
against bearish activity because Of the
large premium on the spot position and
danger Of normal midsummer crop dam
age Moreover. prices for the new
crop months had reached levels at or
near cost of producing it and none
could say what success would attend
efforts 10 force the South to accept
them. The prolonged period Of stagna-
ron in spot demand has not developed
the weakness among holders that most
neople would have predicated had they
Known such was coming, and even the
most rampant bear has not shown dis
POSITION to disregard the ability Of the
SOUTH to mt un "tiff fight. even with
r-,nnS1. epnrco goI,t
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
TEXAS RAINFALL.

Brownwood 80, Gr"envnle 20. Henri.
eta. 81 Houston, .0S, Long Lake 90
Mexia o. Paris / ~, Pierce .O4. Sher-
man 6S, Temple .3s. waco 26. waxa
haChic 30 Wcathcrford 81
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
LIVE STOCK MARKET,

ST. LOUIS, July lO.-Cattle 500 for
week: Native steers SOC higher; Texas
steers l5c higher; best light yearlings
anu helfers Zoe higher; other grades,
COWS, Gamers and bulls steady; Vcalers
higher. " ''0
Hogs, 5000 steady to strong. Ton
$iG53; bulk light and medium weights
$iG,dl5 "a 1850; bulk heavies, sl5'5Oa
Sheep $50; steady; top lambs. sl5.2b,
f30r week: Lambs, $3.50 higher, sheep
KANSAS CITY, July 1O.-Cattle, l..
lVoi market for week: Beef steers and
she stock strong to SOC higher: mostly
25c higher; Gamers, ESQ soc higher
calves, 50a 75C higher; bulls and iced
ters, mostly steady; best stock calves
higher; others weak
Hogs, 500; steady to strong, quality
pam; top. $l575; bulk heavies and me
1860
Sheep 600, market for week; Sheen
mostly Csc higher; lambs 75c higher
CHICAGO, July 1O.-Cattle 1900
Gurtatled week ago, good to best year
lings light and handy weight steers. SOC
to l5c higher; heavics largely 35c to SOC
higher; others uneven, steady to high
er; better grades fat cows and hoifers.
oVN " ''I ulEueI, Gamers ana cutters
and bulls mostly steady, veal calves 81 80
to N.T5 higher lower grades stock
steady desirable kinds higher
Hogs, 5000; steady to l5C higher: best
light and light butchers gained most,
top, Sl6.f0; bulk light and light butch-
ers, $lj90a 1890; bulk $50 pounds and
over. $l3.2oM 1880, pigs steady. bulk
desirable kinds, $l3.O0nl375
Sheep, 1000; over one half run direct
Y cars choice Idaho lambs, SIG 40, one
car wether.. $3.50 compared with week
ago better grades fat lambs 81 to 81 30
higher, others up TO 81 10 3d. yearlinxs
and wethcrs mostly 75c to s! higher.
ewes $50 to S2OO higher, feeding and
breeding classes mostly Doe to 81
higher
LOUISVILLE. Ky, July lO--Cattle.
receipts. 2oo. closing, SLOW Heavy
steers, $l2.Oo0i 1850: beef steers SSoOm
1850; heifcrs, $7.5Onl250, cows SLO0m
1850 feeders, $So0d 1925, stockers,
81. 00m9.50
Hogs. receipts. $50. active. steady:
250 pounds up s15.25 lGj to 80 pounds
$l6 2j 100 To 1875 pounds, Slj.00, pigs.
$9.75d II Is. throwouts. SLIPS; down
Sheep, receipts. $500, SOC higher.
Lambs, kl6.0O. down, seconds. IS 30
sheen XG ~, down
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
DAILY PORT MOVEMENT.
CONSOLIDATED PORT.
MiddlinR

Rcts. ! day :. 1886 1858 1854
lex. to CT. Br. ....
Elk to France 399 ...... .,....
Elk. to cont. 664l 10,232 APO
Total stocks. $40, 306 l,2l9,O9s 1,O3O 96S
Total rcts. ..7.146,251 6,45S,250 6,241,15
Foreign ex....6, 237,178 5,271, Ola 4,OSl, 72i
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
Provisions.

Dry salt Meats-Regular. 10000,
extras. zoe.
sugar Cured Mests--stardard hams
3sd acc.
Bacon Fancy selected, 5la5lc, Sec
onds i3a4tC
Lard Pure hog lard. 22d22igc; best
communal. IL 2lM2lhc
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
TOMORRoW,s EsTIMATED.

1920 Last Wk. 1919.
New Orleans Missing 1895 $500
Galveston .,. 500@t0 900 $50 1856
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
GRAIN MARKETS
Buying of Corn on Government
Report, Helped Later by
Black Rust AdviCeS.

CHICAGO July 10.-There was a
general rush of buying BY commission
houses at the start of the corn market
today which carried prices upward. The
government reports showed smaller fig
ureS than the trade had expected hut
otherwise the report was construed rem
teIaHy as very bearish. Reports OF
PACK PACK rust in the Northwest also helped
ooost prices: Initial quotations "uaged
az u z 10 lHc higher with September
a. al ,Si,56h to $l.57 and December at
N:39b to $l.4OA at
The black rust scare in the North
t West carried the market upward and
me close was firm with advances rang
ing from 4Ac to sac with September
$L9S$ TO $l,59B, and December $l43at
Oats followed the upward trend Of
corn, the opening being nc to We
hlgner with September, 7S5sc to 7S%c.'
PROVISIONS were dull but firm.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
Groceries.

Flour--Barrel, 24-pound sacks, $l44O
Il5,30; self-risinR Sl45Om15.30.
Meal--Cream, l00-lh. sacks $3.50; 60
ID sacks, Sass; 25-lb sacks, $500; 10.
ID. sacks. $5.15.
Coffee --Arbuckle'- roasted case
Memphis basis 39c. roasted. bulk.
per ID. Oordinary, 2lq22c; medium, q
Q27c; highest grade 37a45c.
Sugar 81 andarr graduated can
26l2c; clarified nominal
hlc e-head. pounu. I4h0lsc: broker
l0Gllo
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
MEMPHIS COTTON.

Memphis cotton closed steady anlLr-
changed. Midding 39.5Oc. Sales. $50
bales
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
Cottonseed p oduots.

tMerchants Exchange Quotations.,
Crude oil basis prime. T. r. h. mills,
l2lac; hulls loose, CARROTS, Sl2.504 90;
meal, per cent, ton, S6l.00462 90.
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
DAILY INTERIOR.

Same day last year ........9679
Sept sales: Augusta 146, Dallas So,
Houston I01. little Rock 80
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
Vegetables,

8, Beans Navy, per h.. SIC; Lima, per
ID, lts 0ibIc.
Peas-Csliiornia black eyed, per 10.
Potatces-Cwt.. all varieties. $500
500
Onions Sacked, 100 lbs, SO0gi50;
crates s. 25d300
Cabbag e-Crate, cwt.. $i50a 800.
Lettu, Northern, crate, S2.25.
CeNry--MIChigan, bunch, 81 20.
Tomatoes Bushcy, s. 5uQ3 90.
Peppers Basket, 404 soc.
SnHps--Bushel. 81 O0n35 so
Squash Hamper, 81 50al75
mbers--Crate, nominal,
Egg IlRnt-Dozen. tl.50Q200
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10

CHICAGO, July 1O.--Cash: Wheat,
NO Mt hard, $2.S5; No. Northern
spring, $275. Corn, No. ? mixed,
si.6212i No. ? yellow. S16261.63. oats
no; z white. $L0Sd1lO; No. 3 white
$l.O6ql ,06h. Rye, No, ?. $3.50. Bar
leys 25n 1872, Timothy seed, SO 90
@l2,OO. Glover seed, S25 6Oa35 90 Pork
nominal. Lard, $l9.lO. Ribs, $I650G
KANSAS CITY, July 1O.-Close
S.orn,, July, I.56; Sept, $l557s, Dec,
ST. LOUIS, July lO.-Wheat, No. 4
red winter, $281
Corn, No. 2 white. s1.71M172
oats, No. white, $lO6h.
KANSAS CITY, July 1O.-Cash wheat
UNCHANGED to &c higher; No. / hard,
$279d2.9B; new, 2S1d2S5: No. 2 hard,
S$2.7Sn295; No | red, 81. S0@2sl; new,
same; No. 2 red $2.79u2.SO; No /
mixed, new. $2.81
Corn unchanged to &c higher: No. >
mixed, Sl64m1 ,66; No. 2 white. Sl8Sdr
10; No, > yellow, SIS
oats, &c lower TO &c higher. No .
white s1.OS; No. . mixed, 95c; No. 2
Rye, S2,2Sa2.3O
The news scimitar. (Memphis, Tenn.) 1907-1926, 1920-07-10
Open. High. Low. T'day prev

Open. High. Low. T'day. Prev
Sep Sep e. 11.55SS% l.6o. 1.5sh 1894 1851.
lee ,a, -. LSS1s l.44% 1899 1.43% 1881
Sep Sep -. '7S5s 81 1875 .soh TN
Dec. -. ,75is 70 .75& .78ls .75%
July :. $3.50 2s.s5 $3.50 2S.so $3.50
sep, "a =, aO25 aO,F 1925 1880 1925
July =. 1900 1910 1900 1910 1890
SEP Pr, :. 1882 1885 1882 1885 1872
July .. 1886 1886 1852 1885 1887
sep - 117O 17.77 1910 17.77 1857
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-04-03
ACTION versus CONVERSATION

IERlFF GARCIA has his first step toward cleaning mn
y Od Town lie states that the obtained in re-
raid when 10 women were arrested 4 fIicjen o vsr
rant the revokng Of hotel licenses We pleased that he win
admit that much But is only attempt pass the buck
The revocation Of hotel license will keep dives ont of Oh
IOWA and the sheriff knows IT, lie that only three
houses included the raid he cooperation with the
federal agents He also knows that Other houses
that he did not include in the complaint sworn out lie
also knows that he originally houses and
that the third added and four found there
The sheriff further he has enough deputies and had
TO call in federal him raid We invite
the sheriff to print the actual number who commissions az
deputies When he makes the number public will leave il 20
the people decide whether he docs not
seem to be hard 70 get deputies when youth with papers
correspondence school Of detectives commission
The sheriff further further proceeds pass buck by
saying there other places that need be ceanedup referring
TO the city Of Albuquerque Mr. Garcia is sheriff Of Bernalo
county and IL he knows the city il n his
duty to clean the city No win stop him if he
in the city aud has the evidence has He
derec in his duty he fails suppress these resorts
Let him do something instead of talking.
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-04-03
REPORT
SENT TO SENATE
Wilson Submits Docu.
ment; Makes no Rec
ommendation

WAsI1NGTON. Apru 3-president
Wilson transmitted to the senate to-
day the report ~ the American COM
mission. headed by Major General
IIarbord. which Investigated condi-
tions In Armenia. The report had
twice been asked for by the senate.
first last November ana then under %
resolution adopted several weeks ago.
The commission made no recon-
mennaiions as 10 the United States
assuming q mandate over Turkey and
tensive arguments FOR and against
such action.
No mandate should bc taken. tho
commission said, without formal
agreement with France and Great
Britain and also definite approval
OF Germany and llussia. Tho inhnbi-
tantS the commission stated, desire
America 20 take tho mandate first
with Great Britain their second
choice.
Tho principal arguments advanced
In favor Of the United States accept
Ing mandate were that the influence
OF the United States would tend to
avert wars. that the inhabitants
wanted American protection and thar
this would give The Emitted States an
opportunity to do "a great humanitnr-
ian work.
Reasons advanced against a man
date were that % would weaken our
position relative 10 the Monroe doe
trinc" that "humunltarianlsn begins
At home aud that the first years
cost would hr &grs. 90 600. including
SIS. 500. .0oG for the army ana navy.
'Bottcr millions FOR a mandate shan
billions for var said tn recufn-
ncndations favoring mandate
N America accepts q mandate for
the region visited hy this mission
said General Hnrbord, 20 Will un-
douhtedly do 80 from strong sense
OF International duty and az the un-
unimous desire. so expressed at last,
of its colleagues Ia the league OF ma
tious.
Accepting this difficult task with
out previously securing the assurance
of conditions would be fatal To success
The United States should make its own
certainly before uud not at
ter acceptance FOR there are uulu-
tudc OF interests that will conflict with
what any American would consider a
proper administration OF the country.
In our opinion there should he spc-
cited pledges In the terms of formal
agi ccments with France ana England
and definite approval from Germany
and Russia TO tile disposition made Of
Turkey and trans -taucasiH und "a
pledge to respect them
In admiuist ration and sngitntlun,
the report said, America could aid the
peoples residing iu the territory and
against the expense i would save the
now given Charitahly Tor near
eastern aid
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-04-03
Former President of
Uruguay Kills an
Editor in a Duel

MtlNIIsN lIllb. 7 IuEuUN. April q.
Political excitement prevails In this
city tonight az u result of the death
uf Washington Beltran. editor Of the
newspaper El Pals In duel with
former President lose Battle ~ ord
ones this morning. Aftrr the last
elections In Uruguay. the n1tionalists
accused the "Batilliatcs,' the party
headed by the former president, of
frauds. llcltmns newspaper in an
editorial discussing the elections.
called Battle the champion OF fraud,
u was this utterHncc that led To tho
Atll duet
The opponents met In the midst of
a pouring rniutturm and waited for
three hours for the rain to cease. BE
cause Of the rain the two men decided
90 keep on their hats. but Brltran
changed his straw hat FOR a felt. 10
that both might be on oven terms.
Standing 90 PAGES apart, the duel
lists were given the word To fire, both
missing ON the first exchange. Be
fore Bcltrun could firo n second shot.
be- was struck by bullet from
Battles pistol and sank tu the ground
ruoriully wounded.
There is law against duclling In
ruwuv hut 10 is understood that
one OF The conditions agreed 10 by
E"ltran aud Rattle was that neither
would prosecute the other in case ~
injury lur's are inir"purnt in this
country
The evening herald. [volume] (Albuquerque, New Mexico) 1914-1922, 1920-04-03
Bill Aimed to Check
Speculation Passed
sr 1ns A..es,.rss s.ss.

WASHINGTON, April 5.--lThe ad-
fmnistraiion measure under which
the federal reserve board hopes TO
effectuaily check speculation was
passed today by the senate and now
goes to the president.
Under the biit discount rates at
each 0f the ~ reserve banks with
the approval, review and detcrmin-
ation of the federal reserve boad,
may be graduated or progressed on
the haals Of amount of advances and
discount accommodation extended by
the federal reserve bank to the bor-
rowing bank"
Enactment OF this measure NJ an
amendment TO the federal reserve law
was recommended by Governor Hard :
ing of the federal reserve board In hia
annual report.
Governor Harding In his annual re-
port said that "in this way Il would
be possible to reduce excessive bOr-
rowinEs OF member banks and Induce
them 10 hold their own large bor-
rowors IN check without rising the
baslc rate. The federal reserve banks
would thus be provided with an ef-
fcctiye method OF dealing with credit
expansion more nearly at tho source
than In nlw practicable and without
unnecessary herdship TO banks and
borrowers who are conducting their
affairs within the bounds OF mOder-
alton.
The expansion OF credit. set in mo-
tion by the war. must be checked. %
he said. Credit must he brought
under effective control and It's flow
he once more regulated and governed
with careful regard to tho economic
welfare OF the country and the needs
of its producing Industries"