davidaulloa/AmericanStories huggingface dataset:
The Llano colonist. [volume] (Llano, Calif.) 191?-1937, 1922-10-21

Wet or dry. is also question that
is agitating our powerful minds out
here in the Golden State, too.
just why, we do not quite under
stand.
California is about as wet as one
migrt wish it to be. The laws are
not enforced, except in the case of ia
panese or Chinese who make the mis-
take of having a half pint of home
made hooch on hand and get caught,
SO the officers can make showing.
Woolwine is running maybe we
ought to say swimming-on a wet, wet
plank in a supersatupated platform.
Whether the current is with him or
against, it is hard to say.
To legalize the sale of wine and
beer-they always call it light wines
and might ruin the business of
prosperous bootleggers. And they may
foresee this and be bitterly opposed TO
legalizing it. Or. they might hope to
be first in the saloon b'.siness and
thus reap an open harvest.
The people of the state will have a
chance to show their ideas. as one of
the laws is to enforce the VoIstead act.
In the whole scope of things in this
state. there is not one truly progressive
thought or condition. Progressive
ideas are given the stamp of being
radical" and are taboo. We don
want to be known as radical here, and
anyway it is dangerous.
If WooIwine is elected. then it will
be worse; for he is the willing and hon.
est tool of the reactionary forces. Vim
dictive as an Indian is reputed to be,
oppressive, relentless in prosecuting his
enemies, with no regard for their rights,
bigoted and narrow-minded, he sthe
ideal candidate for the people Of Cali
fOrnia, as they now show their state of
mind.
The Llano colonist. [volume] (Llano, Calif.) 191?-1937, 1922-10-21
Dollar-Up P eer

lar then bricks foundation of the future civilization,
the civilization rapidly vanishing civilization based
upon cooperation only, is dawnng in the sky
Do duty and help make your by joining the DOL
LAF2UP CLUB
The Llano colonist. [volume] (Llano, Calif.) 191?-1937, 1922-10-21

clamorous in their opposition. They
will probably cause the act to fail. It
would shut off lot Of profit if this
were to become law. They want the
profit, so they are loud in telling about
the graft that would flow from the pas
sing Of this act. 1t would greatly in
crease taxation, too. But there are
many serious people for the act, and it
has been one Of the most hotIy debat-
ed and most discussed proposals ever
offered the voters.
The Llano colonist. [volume] (Llano, Calif.) 191?-1937, 1922-10-21

One of the most revolutionary meas
ures ever offered the people of any
country is the proposition presented to
the voters of California. which will
appropriate $5O0.OO0,00O to be used
in developing water and power projects
for the people of the state, to be own
ed by the state, the water and power
to be sold at cost, the Indebtedness to
be paid by consumers.
The bankers, Chambers of Com
merce, and all controlled newspapers
which is most Of them-are loud and
The Llano colonist. [volume] (Llano, Calif.) 191?-1937, 1922-10-21

The Single Takers have again got
their resolution on the ballot and it
will again be voted on this year. This
has got to be regular thing and is a
matter which has become mighty an
noying to the land spectators.
! A gentleman from Glendale. near
Los Angeles, is one of number who
are touring the state as Anti--Single
Takers. Their defense is to change the
state constitution so that it will be ne
cessary to get IS percent of the voters
on the petition before it can be but
on the balIot-because this number is
prohibitory.
But the case is becoming desperate.
| The Single Takers have $4,000 to
spend this year in putting over the
measure, while the opposition finds it
increasingly hard to get funds. They
are pinning their hopes on getting the
IS percent clause put in.
The opposition is made up largely Of
real estate men, bankers, land specula-
tors, and other representative citizens
of the better class.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
MARKET FOR HOGS
HERE UNSETTLED
Weaker Tone Evident at Close
and Most of Price Ad-
vance Lost.

The hog market of the local live
stock exchange was a decidedly I'M
settled affair today. At the start,
bidding was about dime higher, with
a top of 5000. and most hogs Of all
weights bringing about $1,000, but a
weaker tone was evident toward the
close, and most Of the advance was
lost Some traders felt that this was
an indication that the turning point
In the price cycle had been reached.
There were very few heavies, prac-
tically no sales being recorded, and
,roughs and pigs We're about steady,
the range for roughs being $500
-, and pigs bringing $1026 down. Re
iceipts were good at $500. and there
was a fairly large holdover for
Wednesdays market.
Cattle Prices Steady
Cattle prices We're steady on the
good grades and weaker on the poor
stuff, with receipts of 500. Best
steers were quoted at s11@11.50. and
the heifer top was 1925.
The market for calves was shade
stronger, most sales for best veals
being reported at S12 to S13, with an
extreme top of $3.50. Receipts were
about usual at 500.
In the sheep and lamb alleys, prices
ruled steady, with 100 received. The
hulk Of the business in LIMBS was
done at $12@13.5O, with the top at
S14. Best ewes were bringing $3.50
as.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
Women's and Chldren's Hose

WOMEN'S MERCERIZED Isle HOSE-Fino
gauge, fully reinforced, black, pOlO cOrdOvan and
white, sizes 81S to 10; slightly imperfect other
wise would sell at SOC; special %
(6 pairs, S1.50), pair. .EJC
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
STOCKS HES|TANT,
QUE TO DOUBT As
To TURKS ANSWER
Foreign Situations Uncertainty
Reflected in Early Deal
ings.
FIRST TRADING Is DULL
Resumption of Upward Move
ment in Securities Predicted
by Banking Firm.
FIRST TRADING IS DULL

Twenty active industrial stocks
Monday averaged $3.50, of 20 per
cent: twenty active rails averaged
0f.s2, off .06 per cent.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
LOCAL BANK CLEARINGS
NEW YORK MONEY MARKET

Indianapolis bank clearings Monday were
s., 026, 600: bank debts were S5,014 900.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
OTHER LIVE STOCK


CHICAGO, Sept. e.-Hogs-Receipts,
10000; market, 1OG 25c lower: top, $40. 80;
bulk OF sales. $3.50 Gl1055; heavyweight
lightweight, 5000 a 1905; light lights,
50 so q 1890 heavy packing sows, $1,000
500; packing sows. rough, S73$0 * DIGS
ket slow, steady; choice and prime, 5000
n Clio; medium and good. 81 80 q 1920;
common. S6@ 100 good and choice, =, 20 =, 10
butcher cattle and heifers SAX 49.25 :;
cows. 1915 @825: bulls. 1878 q GAO; can
ers. cutters, cows and heifers, $500 q 3 20,
Gamer steers SO 80 m440; veal calves,
S1O.25 q II rs; feeder steers 5.65 a SIS /;
stoclSer steers 81 q 7 40: stociSer cows and
600: market, 15c up; lambs S13 % q Ii 70:
lambs Gull and common, 500 -: yearliug
wethers, 1923 q IL %; ewes. S3'3o@7' cuI
TO common ewes. 50 a $40.
NEW YORK, Sept, 5.--Steers-Supply
moderate; market on common, 81 a IL;
m arket on others. S16@1S; selected choice.
SO a. 20; demand fair. Cows-Supply
n oderate; market S10.50@12; demand fair.
mon, 81 7.25; market on others, IS 8:
local kill, S7.50@0.50; demand fair. Veal
Supply moderate; heavy sides. skin off.
I'll q IA; demand fair Lambs-Supply
normal; market S13Q18 Mutton-Sup-
Jly moderate market, S1361S; demand
rood. Porls-Supply light; market. $40 20
II; demand good.
CINCINNATI Sept. 25-Cattle-Re
$7@9. Calves-Marlet slow lower dull
extras, S12GI25O. Hogs-Receipts, 6,2OO:
market, active Zoe up; good TO choice pack
ers, $10.75. sheep-Receipts, $50; market,
steady; fair to good. S14@14.50.
CLEVELAND. Sept. 5.-Hogs-Reeeipts
mixed, $1,000; medium. 5000; pigs
$40 70; roughs $50: stays q 90; , Cattle
good to choice bulls, So G6; good to choice
steers, so q 10; good to choice hefers, 81 %
s. good to choice cows. S4. 80 % 90; fair to
good>cows $3.50 a ) 80; common cows 81 q
3; mixers. $40 q 70. Sheep and lambs
Calves-Receipts. 1900: market. active; top
EAST ST. LOUIS, Sept. 25-Cattle-Re-
ceipts. $4,000; market, steady; 25c lower;
and heifers. S6.50QS50; calves, ST. 80 %
IL; stockers and feeders. $4b0Q6. hogs
Receipts, 600: market, steady; heavy,
$40 .16 a 1000; medium, $40 20 g 10 90;
1850; packing sows. $7.75 @S; pigs, $3.50
m1O.4O; bulk, S1O.500 10 80. Sheep-Re-
ceipts. 5000; market steady; ewes, So a /
Gamers and cutters. $1.50025O; wool
lambs $13.50@14.
EAST BUFFALO, Sept. 25.-Cattle-,Re-
ping steers, 50 20 q 1925; butcher grades,
50 25@1O; heifers $3.50 d9.25; cows. So a
$50; bulls, So a 5.25: mich cows and
spPinngers $%5 1d5 Cal lives =, zee
S5m155O. Sheep and lambs-Receipts
5000; market. active, lambs, 15c up; year
ling sheep SOC up; choice lambs S ga ID 80
culls to fair, $50 1850; yearlings. S7q
$500; market active Zoe up; workers.,
S11.25: pigs, $11.25; mixed, SLIPS
heavies. $40 30 oil; roughs, $SQS.50;
stays So q $50.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
GRAINS co HIGHER
As MARKET OPENS
Liverpool Sharply Is Lower at
Start, but Receivers and
Advances.
BIZ United Financial

CHICAGO, Sept. 26.-All grains
were higher at the opening Of the
Chicago Board of Trade today as the
result of the advance at Liverpool
after the opening. Although Liverpool
opened sharply lower it recovered
around o'clock
The political situation still held the
attention of traders as having the
most bearing on the market.
The threatened strike of the great
lake sailors at Chicago, Duluth,
Buffalo, and other lake ports on Oct.
1, also had some influence on the mar
ket.
More than 90 cars Of wheat were re-
ceived at Chicago. Winnipeg reported
2,11S cars. This was practically triple
the number received at this time last
year.
Corn was fractionally higher follow
ing wheat. Receipts here were 400
cars.
Oats fell in line with other grains
with lao cars received.
Provisions opened nominal.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
INDIANAPOLIS CASH GRAIN


plda for car lots OF grain and hay az the
call OF the indianapolis Board OF trace
"s wheat-Through billed, + o. b. 41hc 70
New York track. easier. No red sl.o'
y Corn-Easier: No 3 white SO q 5,7c;
No 1 white. $50 q 56c; No. yellow; 80 =
n SIC. No yellow, 80 T. q 56c; 20:
mixed. ga SO nc; No + mixed. % q 90 =
Oats-Easier: No. 2 white, 80 "A q 80 i2c'
No. 3 white. IS q 36c.
inspection
Wheat-No. , red. cars; No. J red, :
cars No 1 red. l car; No. hard. 3 cars
No. S mixed. 1 car; Sample, ear. Total
Corn-Eo. white. 2 cars No. 3 white.
cars: No 4 white. cars, No. white.
Z cars. No. 6 white. ! car; No. 2 yellow.
3 cars No 3 yellow cars No. yellow.
cars: No 8 yellow, II cars; No 9 vel,
low 3 cars. sample yellow, l car. No.
mixed. . cars: No. 1 mixed, cars. No. >
mixed l car, No. mixed, l car. Total
oats-No. . white, cars; No. 3 white
) cars; sample white. 1 car. Total. II
Rye-No. 3, 1 car; sample, car. Total.
Total number of cars for day, 93.
Grain prices quoted I. o. b. basis, II u c
TO New York.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
BOND SLUMP REMAINS
Market Gives No Indications of Re-
cOvery.
BIZ ". II. GRIMES

United Financial StdG Correspondent
NEW YORK, Sept. 26.-Neither
prices or the volume OF trading at the
opening of the bond market today
gave any indication that the market is
yet ready to get out Of the slump In
which it has been for week.
Liberty fourths ANS We're active in
the first half hour but the demand
that existed was not sufficient to carry
them upward to any extent. Other
liberties were quiet.
Foreign bonds again showed signs
Of weakness. Dutch East Indies IS Of
1862 got down to 941a off p and
French 71zs apparently had trouble
staying above 96.
Speculative rails were quiet and
barely steady while there was not
enough activity in the higher priced
rails and indrstrials to indicate any
trend.
New bond offerings were again
heavy today.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
STANDARD OIL LEADS
First Place on New York Curb Elk
change Held for Hour.

United Financial stag Correspondent
NEW YORK, Sept. 26.-Standard
Oils took the leadership of the market
at the opening of the New York Curb
Exchange today and held 1t through
the first hour.
While the stocks OF the big oil com
panies are always prominent on the
curb, they will be more to the front
than ever duglng the next few weeks
until the various refnancing plans OF
the various Standard companies ARD
completed.
Vacuum Oil started at SIP. up 2, but
before the session was an hour old il
fell back three to 500. Standard Of
New York went TO 507.
The independent oils were slightly
higher and Gulf Oil ranged betwee4
e3l5 and 63%.
Outside the oil group, Mesabi wal
prominent with an opening at 10H.
from which it jumped to 1919.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
MOTOR SECURITIES
(By Thomson & McKinnon)
CLEVELAND PRODUCE
~ Enifef FinnncinE

By United Financial
CLEVELAND. Sept. 25.-Butter-Extra
in tubs. 461z 647c; prints. AZ Q4Sc;
frsts. 4415 q 45c: packing stock. % u q
2515c. Eggs-Fresh gathered northern ex-
tras 81 &c: extra frsts. S35 u q 36c;
Ohios sc; western firsts. new cases, csc.
Poultry-Live heavy fowls. 266 &c;
ROSTERS. 14G15c; spring ducks. 1SG 23c.
Potatoes, $40 a barrel.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
FOREIGN EXCHANGE
BIZ United Financial

b tnfted FfHnNCidE
NEW YORK. Sept. 25.-Foreign ex-
change opened firm. Sterling-Demand.
S4.422s; cables S4.42ts; up &c French
Demand 1850; cables 1853 &c; up .O7c.
Lire-Demand. 4.23 nc; cables. 4.24c; up
90 Belgian-Demand, 7.24 &c: cables.
use: up Csc. Marks-Demand. OF 4 c.
Drachma-Demsnd. 3.2Oc; cables. 3.25c.
Guilders-Demand. 3S.75c; cables. 37.7Sc
Swiss-Demand. 1S.70c; cables. 1S.72c; up
-02c. Peseta-Demand. 15.33c; cables.
1880; up .02c. Swede-Demand. 26.46c;
cables, 26.5Oc. NOrway-Demand. 1880;
cables, 1890; of Ole. Dane-Demand.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
Mems Furnishings

MEMS WORK SHIRTS Of chambray double
stitched, breast pocket, with collars attached
and slipover styles sizes 1415 to II Qlm1t to a
customer, phone mail c. o. D. orders): co.
S1.00 quality, special
MEMS PURE THREAD SILK HOSB-Fully rain
forced; black, navy and brown; sizes eh to 11h;
hut for slight imperfections they would sell 90.
at 75c special (6 pairs s225). pair.
MEMS Isle HOSE-Fine gauge, reinforced toes,
heels and soles; black sizes 91a to liz r.
onds of 25c quality special g pairs 75cl pair AJC
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
CHICAGO GRAIN TABLE
CHICAGO CASH GRAIN
By United FiHuHctGI

b JnftCd FHUHCFIF .
CHICAGO. Sept. 25--Wheat-@~No. req
81 i..66SSai.677o. corn-No. / yellow. GO Z. q
So &c: No. 2 yellow. 90 a a SO sc; No % .
yellow, 62 u q SO SC 10 yssIii99w; q N = y y
pellow 6oa sic; No / mixed. OF q. @ SO : :;
So; mixed 62% g SO as 49,. Ne 70 m mixed
"a a - No & mixed, 60lac No. / white,
az &c: 10. white 81 ! q 635sc; 80 .
white. 81 u a 63c; No; 4 white 81 z g oI s6i
n 6oxc Oats-No. white. 500 so = G.
N 4 white IS y c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
CHICAGO STOCKS
(By Thomson & McKinnon)
INDIANAPOLIS PRODUCE

Eggs-Fersh candled 31c Batter
Packing stock 21c fowl, lbs. ulb 22c;
fowl, under Alb. 1rc: leghorn fowl and
springs. 20 per cent discount; springs BIB
under. 25c springs, sover Q lbs. 2Ec: cox
and stays, lie: young tom turkeys. N12 lbs
up, 25c young hen Turkeys. 8 lbs uvp, 25c:
old HON turks zoe; bucks, lbs. UP, 15c;
geese, 10 lbs up, 12c: squads. IL lbs. to
doz.. So; young g,kuaas. Y to lkb. size
per doz ST a.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26

gA+o-s OA- wv -
BIZ United Financial
NEW YORK, Sept. 26.-The Wall
Street Journal today says:
Stocks were hesitant in opening
dealings on the New York Stock Elk
change today. rejecting uncertainty
over the foreign situation. Dubt as
to whether Turkey would accept the
allied terms caused some selling or
baldwin, American Can and Stude-
baker, but offerings were light and
readily taken. Rails were fractional
" depressed by the thought that the
august earnings statements might be
4iceably affected by the strike diff
rSulties.
Trading was dull in the first half
hour. Baldwin and Studebaker,
which had been used to start the de-
cline last week. were again subjected
to considerable selling. But both
stocks showed resistance just below
previous closing levels.
Sinclair Acts Well
Sinclair continued to act well
around thirty-four on buying which
was attributed to several strong
houses. Sinclair has advanced little
in the face of the sharp upward move
ment in Standard Oils. Stock is sell
ing more than points below the
Years high. Conversion Of the TX
per cent gold notes into stock will
stfn further strengthen the cOmpany's
cash position.
a large banking interest looks for
resumption of the upward movement
In. securities when the current reaction
las spent itself. A short interest has
been built up in the market as a re-
suit of the threatening international
situation, but this short interest is
not unwieldy. Big things are looked
for in the market movements in the
last quarter. Efforts to advance
certain issues viii be based on the
improved earnings of many lines OF
industry.
Irregularity continued to character
&.ze price movements in the second
u our. Even the familiar demonstra-
s$ons in the special issues were lack
80 and the market had the least in
est for the speculative community
- any session in recent months. One
professional group which had attempt
ed to revive activity in two or three
of its favorites in the previous ses-
sion, passed the word around that
Mexican Petroleum shorts would be
run in before the day was over, but
this announcement failed to arouse
the customary response.
Thinker Roller Bearing, which made
its initial bow on the big board. was
active around 80. a price at which it
was recently offered for public sub
scription. Since the stock was placed
on the market it sold ex-dividend 75c
a share. Earnings in the current
quarter will approximate $4,000. 900
after charges and taxes, which with
the s4,095, $50 earned in the first half
viii bring the nine months total TO
approximately $500, 900, equal to $3.50
a share on the $1,000, 900 share no par
stock. For the full year profits are
expected to exceed s8.25O,00 or near
" 81 a share, more than twice the
current annual dividend requirements
Of SO a share. Both the Canton and
Columbus plants are operating at ca
pacity and officials see no indications
of an early let-up in demand.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26

American Telephone & Telegraph Co
I82nd Dividend

The regular quarterly dividend of two
dollars and twenty five cents per share
will be paid on Monday, October IS,
1922, to stockholders of record at the
close of business on Wednesday, Sep
TENDER 20. 1929.
II. BLAIR SMITH. Treasurer.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
chicago PRODUCE

BIZ United FfndncidF
CHICAGO. Sept 5.-Butter-Cf reamcry
extra. Al u &c; standards. SIC; frsFs. $40
35c seconds 81 GiIc. Eggs-Q ordinary,
% "a CSC; firsts. 2S BE. Cheese-T Sxins. 81
@21hc: Young 4 americans, Fl M 81 u c.
Poultry-Fowls. 15d 23c; duckxs. gle;
Geese, 1sc: springs! 2lc: turkeys, 25c
ROSTERS l3c.
The Indianapolis times. [volume] (Indianapolis [Ind.]) 1922-1965, 1922-09-26
BIZ United Financial

BIZ United Financial
NEW YORK. Sept. 25.-AH three to six
months money is arranged at 1 4 per cent;
shorter maturities AZ G4& per cent;
Numerical paper discounts. "A per cent
II y per cent.
The New York herald., 1922-05-04
LIVERPOOL.

points advance: middling, 10.91d. Sales. 5000
bales; American. 5000. Imports. $4,000
bales; American, $4,000. Futures opened
steady. IL to % points higher: closed quiet
but steady at net advance of to points.
May. 10.69d.: July, 10.72d.; October. 106Sd. :;
December, 10.62d.; January, 105Sd.; March.
10.54d. Manchester: Yarns, hardening ;
cloths good inouirX.
The New York herald., 1922-05-04
Business Troubles
PETITIONS IN BANKRUPTCY.

Petitions in bankruptcy filed yesterday in
United States District Court were:
HAABE. GLASSMAN & CO.. INC, for
elgn exchange brokers, 20 Broad st.-In-
volunary, by Bernard C. Kluttig. who
claims $454 Acorn Agency, Inc, $500. and
Philip Frieden. $500. David w. Kahn,
attorney for petitioners. Bernard Naum-
berg. receiver: bond. 5000.
GROSSMAN AUTO PARTS CO., Mortimer
& Wallace G. Grossman, 30 Mamaroneck
av.. White Piains--Involunary, by r. w.
Hottenroth, who claims x344: J. ]. Foley
Coal Co.. 1896. and Charles G. Fenno. sos.
John J. Ackerman. White Plains, attorney
for petitioners. Maurice Zackert, receiver !;
bond. $12,500.
MORRIS SENS, 1496 Southern Blvd. Bronx
Co., which claims 1926: II. Barschi & Son,
$193. and Joseph Marcus, S112. wilfred c..
ROSIE. attorney for petitioner.
N. l.. SHEINIS & HIRSCHBERG CO., wom-
ems wear, 1888 Third avenue-Involuntary
by Main Dress Co., which claims 1901 :
Tuchman & Cushman, $42. and Ben. Lei
bovitz $204. Julius ]. Cans, attorney for
petitioners.
HANNA SCHAUM, housewife, so Forsyth
street-Voluntary, Liabilities, so. 450; no as
sets. G. J. Mintzer. attorney.
BLUMBERG BERLAND, Irving B1umberg
and Benjamin Berland, clothing, 784 Broad
way--Involuntary, by Jeanette Frenach.
who claims $1,f2S; Cecil Greenberg. $266,
and Lillian Zahn, 81 1853. Shame & Weinrb,
attorneys for petitioners.
HUDSON CLOTHES SHOP. Goff Phillips,
21S West Forty eighth street-Involuntry, by
Lillian Rosen, who claims SI22 Martin
Liebschutz. 500, and B. Brownstein. $3.50.
The New York herald., 1922-05-04
COTTON LIST LOSES
PART OF ADVANCE
Market Is z to 16 Points Net
Over Tuesdays Finals
at Close.

In the face of increased realizing
sales and new short selling for turn.
yesterdays cotton market displayed al
most remarkable resisting powers and
at one time advanced 81 to 35 points to
new higher ground for the movement
Closing levels were less than the days
top prices. but Z to Is points net more
than those of Tuesday. There was not
much thet was new in the situation. but
weather continued to check ceiling and
promote new bullish sentiment.
Selling was largely of local profess
sional origin and represented realization
OF profits made in the recent upturn.
The market dropped to 25 to 29 points
sess than Tuesdays closing levels at one
time, but on the way down there was
quiet accumulation of contracts that
caused shorts to work with unusual eau
fion. Buying was based on the spread
OF rain to all parts of the South. Pre-
cipitation, although not as heavy as 1t
was on Tuesday. was more general, ar
fecting not only the western belt but
also the central and eastern section
Local speculative feeling undoubtedly
was swayed by continued strength of
securities and the rising market for
sterling exchange, Liverpool prices
more than met Tuesdays advance here,
the English market being up about IL to
30 penny points at the time of the local
call. Early buyers here included brokers
with Liverpool connections. The circula-
ton Of twenty-five May delivery notices
had no effect on values.
The official weekly weather report
was about as bullish as expected and
apparently had been discounted. More
than anything else, 1t emphasized the
unfayorable situation in the South. par
ticularly in Texas.
The local spot market touched 20
cents pound for middling, net gain
of 10 points. Deliveries on local con-
tracts were of 3.400 bales. The New
Orleans spot market was up 20 points
to 1912 cents. Its sales were Of 2.094
bales.