San Antonio light. [volume], June 17, 1911, CITY EDITION, Image 1

About San Antonio light. [volume] (San Antonio, Tex.) 1911-1993

Image provided by: University of North Texas; Denton, TX

                
Shur-on Clip
Easy to take off. Hard to shako
off. Moot becoming to ladles
Causes no Inconvenience to gen
tlemen. No rima, no temples.
H. C. REES OPTICAL CO.
M« West Cl ma ■ sons Street.
DIAZ DEFENDS
HIS RULE OF
' THUTTY YEARS
Physically Enfeebled and Sick
at Heart Aged Exile Speaks
In Self-Defense,
SADDENED BY INGRATITUDE
Says Later Policy Was Mistak
en By People for Weakness
and They Forgot His Merits,
.BY THE ASSOCIATED PRESS)
CORUNA, Spain, June 17.—Phy
sically enfeebled and sick at heart
General Porfirio Diax, an exile from
the republic of which he was chief,
at last has yielded to an impulse of
self-defense In a formal statement
he justified his administration of
Mexico and reproached his country
men for what he described their in
gratitude.
First Statement Made.
The expression, the first of a per
sonal nature since he was forced from
office, was made on board the steam
er Yplranga, in the brief stop of the
vessel in this harbor. President Diaz
had received the governor of Coruna
and the commandant of the port, who
with their staffs, had boarded the
vessel at the direction of the govern
ment to present the greetings of Spain
and the Mexican consul.
When he was approached by news
paper representatives, at first he
asked to be excused, pleading indis
position and explaining that though
the troublesome tooth had been ex
tracted, he still suffered from an ab-
on the lower jaw. However,
after a consultation wjth members of
his party, the following statement was
given to the Frohna Agenda, the offi
cial press association of Spain:
Defends His Administration.
“General Diaz is saddened by the
recent events, in Mexico and the in
gratitude of his countrymen.
“He voluntarily sacrificed his am
bition in the hope of obtaining tran
quility for the nation, foreseeing that
if he continued to defend his cause he
might afford a pretext for Interven
tion.
“The bitterness and deep disappoint
ment which he felt was mitigated by
the warmth of the manlf eataden~*f
sympathy upon his departure from
Vera Cruz.
“Much has been said about a mili
tary dictatorship, but can one thus
define a regime which rested upon an
army reduced to 14,000 men?
“General Diaz, when he assumed
power, had to deal with conditions re
quiring energy,'but afterward the na
tion ripened and was more .able to
direct itself constitutionally. General
Dias's later policies were interpreted
by his adversaries as a sign of weak
ness
"General Diaz, confident in the
good sense of the people, thought that
the agitation would disappear, but the
people, easily forgetting the merits of
the Diaz administration, allowed them
selves to be dragged into a revolution
ary movement.”
During the night the Ypiraziga pro
ceeded for Santander and Havre. Ac
cording to the present plans Diaz will
land at Havre and go with his family
to Switzerland.
Crops Show Big Increase.
(SPECIAL TO THE LIGHT)
LOCKHART, Tex.. June 17.—1 n
spite of the dry weather it is thought
farmers In this section will raise 100
per cent more corn and 60 per cent
more oats than last year. The cotton
yield will greatly exceed that of last
year. Rain is needed and all crops
are cut short because of the dry
weather. The thermometer has gone
as high as 109 during the past few
WEATHER
STREET TEMPERATURES.
STREET TEMPERATURES.
June 16. 3 a.m 80
4 p. m...•••• 95 4 a. m..•••■• 80
5 p.rn 93 5 a. m 80
6 p. m 92 6 a. m.x 80
7 p. 91 7am 82
Bp.m 91 8 a. m 84
9 p. 9* 9 am. 90
10 p. m 88 10a m. ...... 94
lip. m 8 6 11a m .. 98
12 p. m 82 12 .m....... 100
June 17 1 p. m 96
1 a 80 1 P-m 96
2 a.m. • ••• • • 80 3 p. m.. ••■ • • 97
LOCAL FORECAST.
For San Antonio and vicinity: To
night and Sunday unsettled
HOME WEATHER FOR TOURISTS.
Observations Taken at 8 a m.
ST. LOUIS: Temperature. 62; part
ly cloudy; eight-mile wind from the
north: showers and thunderstorms.
Warmer. „
CHICAGO: Temperature. <8; clear;
four-mile wind from the south; show
ers and thunderstorms tonight and
Sunday. ' _
MILWAUKEE: Temperature, 76;
cloudy; eight-mile wind from the
northeast: thunderstorms tonight and
Sunday.
ST PAUL: Temperature. 60; clear;
four-mile wind from the south; fair
and continued cool.
KANSAS CJTY: Temperature. 78;
cloudy, four-mile wind from the south
east: possible showers: cooler tonight.
NEW YORK: Temperature, 62;
cloudy; six-mile wind from the north;
possible showers Sunday.
BOSTON: Temperature. 78: dear;
four-mile wind from the southeast;
Sundae’ fair.
WASHINGTON: Temperature, 60:
dear: four-mile wind from the south
east; increasing cloudiness Sunday.
SAN ANTONIO LIGHT
CITY EDITION—P. M.
82d YEAR—NO. 147.
OVER 60 COMPLAINTS
ON GAMBLING FILED
Sheriff's Department NoUfiea Many
Others That Lid la On in San
Antonio.
Over sixty complsinta charging
gaming by ahootlng craps and play
ing poker, were filed thia morning in
th two Justice courts as a sequel to a
systematic raid on all places in San
Antonio where it was suspected gamb
ling was In progress, by Sheriff Tobin,
Deputies Dias and Newton, and oth
ers last night after midnight.
Other places that were suspected,
but where no gambling could be found
In actual progress, were notified to
close and were given warning that the
lid Is on In San Antonio.
VOLZ HEARING GOES -
OVER UNTIL FRIDAY
Judge Dwyer Decides Testimony Must
Be Heard Before HailaMlity
Is Decided.
Jacob P. Volz, charged with the
murder of his wife?, Mrs. Annie Volz,
on the night of May 17, was given a
hearing on habeas corpus proceed
ings this morning before Judge Dwyer
in the Thirty-seventh district court
for the purpose of having bail granted
him.
Letters and other documentary tes
timony were introduced In evidence
by District Attorney Baker on behalf
of the state, but no testimony for the
defendant was offered.
Judge Dwyer decided that the case
was of such Importance that, before
deciding whether or not Volz should
be allowed to give bond for his ap
pearance when the case is regularly
called to trial, there should be testi
mony of witnesses for both intro
duced.
Further hearing of the proceedings
was postponed until next Friday
morning at .0 o’clock, at which time
witnesses will be heard.
THREE PORTS AFFECTED BY
TODAY’S STEAMER STRIKES
Seamen in New York, London and
Southampton Refuse to
Work.
(BY THF ASSOCIATED PRESS)
NEW YORK, June 17. —Forty stew
ards of the steamship Momus, plying
between New York and New Orleans
<n the marine department of the
Southern Pacific railway, struck today.
They said they would take 46 others
with them and that 190 seamen, stok
ers and coal passers would follow* the
40. The men quit without disorder.
Organizers of the Coastwise Seamen
have said that they control between
15.000 and 20.000 men. and that a
general strike order, if obeyed, would
tie up all coastwise shipping, but the
general situation will not take form
until Sunday when a masa meeting
will be held.
The Momus was due to sail at noon.
Earlier in the day S. Ira Cooper, of
counsel for the Morgan line, said:
"All thia trouble is being stirred up
by walking delegates who are trying
to show that they are doing some
thing to earn their salaries."
The men ask for pay for overtime,
better sleeping quarters and better ra
. tions.
Strike Holds Steamer.
•BY THE ASSOCIATED PRESS)
LONDON, June 17. —The steamer
Minnewaska of the Atlantic Transport
line, was unable to sail for New York
today, the crew refusing to sign on the
old terms and the owners declining to
grant an increase.
The mail steamer Britain, for Cape
town. which the stokers thought they
had tied up at Southampton, got away
this afternoon, picking up a crew In
the Solent.
More Stewards to Quit.
(BY THE ASSOCIATED PRESS)
SOUTHAMPTON, June 17. — The
stewards of the St. Paul, which is due
to sail on June 21. replacing the
steamer Majestic, have notified the
owners of their intention to quit
SUMNER NORMAL BOARD
OF EXAMINERS ANNOUNCED
State Superintendent of Public In
struction Names Entire
Hoard.
BY THE ASSOCIATED PRESS)
AUSTIN. Tex., June 17. —State Su-
Serintendent of Public Instruction F.
I. Bralley today announced the ap
pointment of the summer normal
board of examiners as follows:
B. B. Cobb, president Marshall;
E. A. Decherd, secretary. Hamilton;
L. T. Cunningham. Anson; A. J.
Holmes. Carthage; W. T. Hughes, San
Angelo; E, A. Watson. Cooper; Court
ney Gray, Brownwood; A. W. Evans,
Uvalde: A. L. Day. Commerce; L. Z.
Timmons, Jacksboro; L. H. Hubbard,
Belton; D. F. McCollum. London;
Chas. J. Denton, Lancaster; H. A.
Edens. Waco; I. P. Skinner. Athens;
Herman Hirsch. San Antonio; W. W
Powell. Bardwell; J. A. Woodford,
drowley; C. W. Turman. Panhandle;
W. E. Foster. Farmersville; W. L.
Willis, Honey Grove; G. W. McDonald,
Coleman; R. R Foster. Angleton; R.
E. Scott. Columbus; B. F. Hodges,
Tulia; Chas. G. Green. Rockdale; J.
N. Bigbec. Smithville;. H. L. McKnlght,
College Station; W. J. Kirk, La
Grange; John W. Clark. Georgetown.
Valuations Are Increased.
• SPECIAL TO THE LIGHT)
GONZALES Tex., June 17. — The
board of equalization, composed of
the membe’- of the Commissioners'
Court, has completed its labors, and
after hearing the complaints from all
of the parties whose assessments had
formerly been raised by them, the re
sult is an increase of 8487,000 over
the renditions mada to the county tax
assessor-
SAN ANTONIO, TEXAS, SATURDAY, JUNE 17, 1911.
BANKS BELIEVE
ASIXTY-DAY
BUDGET LEGAL
Several Willing to Finance City
on That Bas : s If Council Au
thorizes Appropriation,
SO INFORM COMMITTEE
Their Answers Will Be Sub
mitted to Council In Refuta
tion of Mayor's Statement,
Notwithstanding the opposition of
Mayor Callaghan to the tentative six
ty-day budget that has been submitted
by the insurgent aidermen and the
opinion of City Attorney Ryan that the
adoption of such a budget would not
be legal, several banks are ready and
willing to finance the city under this
arrangement. They will loan money
on budgets from day to dao’. month to
month, or year to year, the council
only having to authorize the «ppro
prlatin.
That the financial interest* of the
city realize the legality and soundness
of the proposition of the citizens ai
dermen is shown by the fact that they
are willing to advance money up to
81,000.000 for its execution. This was
ascertained when a committee com
posed of Aidermen Steven and Fin
cham conferred with different hank
ers of San Antonio and asked their
opinions relatives to financing the city
under the two-month budget plan.
Home to Vote Monday.
All of the bankers visited ex
pressed views that the arrangement
was highly feasible and that their in
stitutions would be glad to enter into
an agreement with the council to
finance the city on such a basis. When
the council meets Monday the sixty
day budget will come to a vote and if
Mayor CallAghan refuses to adopt It.
the new aidermen say the conse
quences for the state of bankruptcy
Into which the city will be thrown,
rests entirely with him and his aider
men.
When seem by Aldermen Steves and
Fincham on the subject, George W.
Brackenridge said that he was ready
to advance the city the necessary
money for the operation of its affairs
under the elvty-day budget. Other
bankari! have said the same thing end
have submitted their views in writing.
As follow* is a letter from J. N. Brown,
president of the Alamo National bank:
“60 Day* or 12 Montlw.”
'■Referring to the conversation
which we had with you with reference
to the financing of the city for the en
suing year, we wish to say that we
will finance the city for the current
year under satisfactory arrangements
upon terms and conditions that we be
lieve will be satisfactory and profitable
to the city, should the dty select this
bank as Its depository, appropriations
being made for any length of time
from sixty days to twelve months.”
The following communication was
received from J. H. Halle, cashier of
the State Bank & Trust company:
“In pursuance of our conversation
relative to financing the city we beg
to state that we will be glad to furnish
whatever money the city may need for
the fiscal year 1911-1912, not exceed
ing $1,000,000. on terms at least as
favorable to the Hty as the arrange
ment they now have and that we will
loan the money on sixty day budgets
or in any’ manner that the council
may desire, simply requiring that or
dlimncew authorizing the expenditure
of nioney be passed, as the charter
provides.”
Expect to Convince Mayor.
Armed with these letters and others
that will be received before Mon
day's meeting of the council, the new
aidermen Intend to demonstrate to
Mayor Callaghan that his statement to
the effect that no banks In the city
could be induced to loan money on a
sixty-day budget. Is Invalid.
SPEECHES IN HOUSE
ON WOOL TO 8E STOPPED
Senate Will Listen to Long Arguments
on Canadian Reciprocity by
Many Senators.
(BY THE ASSOCIATED PRESS)
WASHINGTON, June 17.—With a
view to clearing the atmosphere of
speeches on the wool tariff revision
bill the house today resumed general
debate on the measure with the
probability that another night ses
sion would be held.
While the house is facing the prob
lem of shutting off eager orators, the
senate was forced to remain idle today
because senators had not prepared
speeches on the Canadian reciprocity
bill. This condition will be remedied
Monday, however, for a half dozen
speeches, practically all against the
argument are In course of preparation
and some senators even will devote
several hours tomorrow to rounding
off periods and polishing the rough
places In tWrir arguments.
There were no committees of im
portance in session today at this end
of the capitol. the house committees
invest! gratin k stp<*l and suatuf had ad
journed until Monday.
RAILROADERS ON BORDER
State Commissioner and Others In
snectiug al Brownsville.
(SFECI TO THE LIGHT)
BROWNSVILLE. Tex.. June 17.—
Auditor Fitzgerald of the Texas rail
road commission, arrived here today
in company with Superintendent Hn-;
negan, Auditor Nance and < hief
Counsel Pollard of the St. Louis.
Brownsville and Mexico railway com
pany for an Inspection of this end of
the road The company recently
annlied for the issuance of additional
the inspection Is a result
The party was entertained at dinner
in Matamoros today.
YACHT SEABIRD AND HER CREW
Tills vessel sailed from Providence. Rhode Island. June 10 for a thirty
nine days 'trip to Rome, where they w ill meet King Vl«*tor Emmanuel and
receive almost royal welcome. The d a ring yachtsmen arc, from left to
right T. R. Goodw In, Fred B. Thur her and Thomas Fleming Day. The
Seabird Is a twenty-live foot auxiliary yawl. Tl»e mariners will follow the
fortieth degree of latitude, touching a t Gayal. Gibraltar mid Sardina. Italy s
king will give a 61000 gold ••up and I be Automobile Club of Rome a *2OOO
cash prize to the Americans in event that they complete the cruise miccw
fully. . „
ARRIVAL OF KING AND
QUEEN OPENS FESTIVITIES
Events Will Crowd Upon One Another
Until July 1. When Court
Leaves.
• BY THE ASSOCIATED PRE;
LONDON, June 17 —The coronation
festivities were fully Inaugurated with
the return today’ of the king and
queen to Buckingham palace, from
Windsor and the functions connected
with the central event of next Thurs
day will crowd one upon another until
July 1. when the court will again
leave London.
Seml-state marked the arrival of
their majesties in the metropolis, the
procession from Paddington 'station to
Buckingham palace consisting of lan
daus drawn by four bays with postil
lions and escorted by the royal horse
guards. Large crowds everywhere
witnessed the king’s arrival and wel
comed them with hearty cheering and
followed over the whole route.
Monday will witness the arrival of
most of the royal guests and other
special missions from abroad. John
Hays Hammond, special ambassador
from the United States, will make his
official entry into the city at noon to
day. arriving from the country where
he is spending the week-end. He will
be met at the Victoria station by the
Duke of Connaught, representing King
George and other officials and the
staff, consisting of Baron Sandhurt,
Lieutenant Colonel Bernard R. James
and Captain F. G. C. Sowerby, espe
cially appointed to attend the Ameri
can envoy throughout his mission.
JURY GIVES $20,396.05
VERDICT TO C. W. WILSON
Man Whose Eyesight Is Lost Recovers
Large Sum From I. & G. V
Railroad.
Damages in the sum of $20,296 0
were awarded the plaintiff In the sui
of C. W. Wilson against T. J. Free
man. receiver of the International >•'
Great Northern Railway company, b;
a jury in the Thirty-seventh dlstric
court at 9:30 o'clock this morning.
Wilson sued for $30,000 damage
for the loss of his eyesight, alleged t<
have been caused by a piece of met i
which flew loose from a pi k wi I
which he was working on the com
puny's roadbed near Overton, Hu 1
county, several months ago.
The case has been on trial n< irl:
all of the past week. Arguments o
attorneys for both sides <>c<iip" I !l
of yesterday, and the case was give!
to the jury last evening. After ha iui
deliberated over night, the jury an
nounccd when court ci'imu 6 :
morning that they* had acf ! up ।
the verdict hi the sum nanu J
A motion n»r a nev tf l.
a request for remittturo of p i t of 'bi
judgment on the ground t ; h
cessive, will be made, according to th'
statement of Yale Hicks, one of th'
attorneys for the railway company
within the next two daj"
IMDIGTMENTS
ABE RETURNED
IN NOTED CASE
Detectives Who Arrested Mc
' Namara In Indianapolis Are
Charged With Kidnaping.
McNAMARA IS I N D I C T E D
Grand Jury Finds True Bill
Against Him on Charge
of Dynamiting.
•BY THE ASSOCIATED PRESS)
INDIANAPOLIS, Ind.. June 17.—
Detective W. J. Burns and James
Hossiek. a city detective of Los An
geles Cal., were indicted on charges
of kidnaping John J. McNamara, sec
retary of the International Association
of Bridge and Structural Workers,
from this city, and McNamara was
indicted on charges of conspiracy to
dynamite by the Marlon county’ grand
jury today.
WILL SUMMONS ENTIRE
ILLINOIS LEGISLATURE
Lorimer Investigating Committee Will
Go Deeply Into the
Inquiry.
i BY THE ASSOCIATED PRESS)
I WASHINGTON, June 17. — The
Lorimer investigation committee of
the senate today practically decided
to summon as witnesses in the in
quiry the entire membership of the
Illinois legislature which elected Sen- .
ator Lorimer. Cyrus H. McCormick,
president of the International Har
vester company and former Governor
Richard Yates of Illinois will be heard
bv the committee Tuesday.
CONTEST CAS?ENDS SOON.
Only lew More Witnesses Will Be
Placed on Stand.
After luffing been in progress during:
the past nine weeks, the city charter I
election contest ease was passed over:
today In th. rifty-sevenih district I
court unt'il 9:30 o'clock Monday morn
ing. it is the intention of attorneys I
for the contestant to put on the stand
only a few more witnesses, and these,
will be for the purpose of corrobor-i
ating certain statements:
"We expect to finish ty6 case the i
latter part of next week.’’! said Clinton
G, Brown, of counsel fop the contest-1
oat- /
TEN PAGES TODAY
PRICE: FIVE CENTS
BARON IS ASTONISHED
AT ADVANCE OF TEXAS
D'Estoiirnellca de Constant Writes of
American Progreas In
Series of letters.
(BY THE ASSOCIATED PRESS)
PARIB, June 17. —Baron d'Estour
nelles de Constant Is contributing an
interoatlng aeries of letters to the,
Temps, dealing with his recent travels,
In the United States. He speaks re
peatedly of his amazement at what he
terms the marvelous progress attained
In America since his visit of tour years
ago. Especially Impressive was the
advance noted In the state of Texas j
and In a general way, the agricultural
accomplishments west of the Missis
sippi.
This week Baron d'Estournelles
writes of California, but he stops on
the way to wonder at the ease with
which Americans travel great dis
tances. "I meet people In San Fran
ciseo,” he writes, "who go to France '
every year. They find It very easy and ,
are more astonished nt nvy astonish-1
m. nt than at the voyage itself."
Baron d'Estournelles does not see
any danger of a disastrous economic'
invasion by the Japanese. “It Is in-1
filtration but not inundation." he says,
and adds that this infiltration is alto-1
gether too slight to assure to Cali
fornia laborers sufficient to permit of
an economic development as great as >
that of various other states In the i
west.
ARRANGE FOR REUNION
OF BLUE AND GRAY
Memphis l*ro|MVM> to Have
Festival In Month of
September.
(BY i n 1 ’ ASSOCIATED PUESSI
MEMPHIS, Tenn.. June 17.—A re
union of the blue and gray is to be
held In Memphis Sept. 26. and 28
in connection with the fall festival
which is to be arranged this year.
This was determined today at a meet
ing of the festival organization and
plans for the meeting of the veterans
of the two armies which have been
endorsed by General George W. Gor
don. commander-in-chief of the
United Confederate Veterans. were
adopted.
A committee will go to Rochester,
N. Y.. at the time of the G. A. R. re
union to extend an invitation to the
veterans of the northern army. Presi
dent Taft will be among those invited
to attend.
The festival Is to be along lines
similar to the Mardi Gras carnivals
at New Orleans and other cities.
SAFETY HATCHES CAn BE
LIGHTED WITH ONE HAND
Expert* So Declare and Bill Prohibit
ing Sale of Phosphorous
Matches Hold Up.
(BY THE ASSOCIATED PRESS)
NEW YORK, June 17.—The dec
laration by experts that It would be
impossible for a woman with a baby-
In her arms to use a safety match has
held up the proposed requirement
prohibiting the sale of matches con
taining white phosphorous in New
York. All the experts agreed that it
would be necessary for a person to
use both hands in lighting the safety
match.
The bureau of combustibles sub
mitted evidence that there were 1071
New York fires caused In 1910 by the
use of matches containing phosphorus.
CHURCH LEADS GALLAGHER
BY ONLY THREE VOTES
Rix-ouut of Ballots Will Be Resumed
Monday Morning and May End
Wednesday
Having counted 8167 ballots in
twenty-seven of the forty-two ballot
boxes' used in the city election, the
Forty-fifth district court adjourned
late yesterday afternoon until 9 o'clock
Mondav morning.
F. W. Church, whose position as
city treasurer is being contested by J.
Frank Gallagher, now has a lead of
only three votes over the latter.
The counters expect to have their
work finished by next Wednesday, at
which time nearly 1000 challenged
ballots will be submitted to Judge
Camp for his ruling.
See The Sunday Light
Read the story of an actress “staking" a King.
Read the thrilling stories of the Moro pirates.
Read how children are trained for the air age.
Read about the coming glories of Coronation
week in England.
Read the crisp, lively entertaining features in
The Sunday Light.
Filled with news, filled with bright, enter
taining specialties. The Sunday Light is the
best Sunday paper in the whole Southwest.
Buy It and Read It
Thermometers
A vary handy Instrument ta
have ul>oot your home or pleoa of
bustneas. Keep In (ouch with th*
temperatura Seek the cool places.
Bull stock. All prices, 25c and
up.
H. C. REES OPTICAL CO.
342 Wwt Commerce Street.
DEPORTED RAIN
CAUSES WIDE
COnON BREAK
Rumored Showers In West
Texas Send Prices Down One
to One and Half Dollars,
DENIAL FAILS TO CHECK
Weather Mao and Official Re
port of Bureau Does Not
Stop the Selling.
‘BY THE ASSOCIATED PRESS)
NEW ORLEANS. La.. June 17.—
Reports of showers in West Texas, re
ceived from private sources, caused a
wide break in the cotton market
around the opening today, The
weather map did not show any rain
in the west and later supplementary
reports from the weather bureau posi
tively stated that no rain had fallen
In the Houston district, which com
prises the state of Texas, but the
si Hing continued. Even when tele
grams from Texas stated that the re
ports of rain had been greatly ex
ngstrated, the ring kept on selling un
til a decline of a dollar to a dollar
and a half a bale had been brought
about.
Unique
< >ld Crop Weaker.
Strangely enough, the old crop
months were weaker than the new.
July, the month that the public has
Im lleved rigitr along would be the cen
ter of the bull campaign, broke be
low the 15-cent mark to 14.95. or 34
ponts below the level of yesterday’s
close. July was the weakest month
on the boards and during the first
two hours' trading was more than a
dollar and a half a bale down from
yesterday’s last quotation.
August lost 30 points. The new
crop months lost 23 to 25 points. At
the middle of the morning the decline
was checked on profit taking by th*
shorts.
Forecast Helps a Little.
The weather forecast promsed un
settled weather and local showers ovet
practically the entire belt, and this
helped the bears not a little. At the
lowest in the early trading. October,
the most active new crop month, sold
down to 13.18.
I The official reports, supplementary
to the weather nvap, did not note any
: at all in Texas, hut thi* did not
' stnfr the selling. Bears saw much to
I encourage them in the forecast of
I show ers for practically the entire belt
j and also in the official announcement
1 that light showers had fallen over
I night In the Oklahoma. Mobile, Vicks
' burg. Montgomery. Little Rock. At
। lanta and Augusta districts and re
; doubled their offerings.
The market was lowest soon after
the middle of the morning when July,
the weakest option In the list, broks
through the 15-cent mark and landed
at J 4.55. This represented a net loss
of 34 points.
NEW YORK IS AFFtATED
Private Information Regarding Rain
and Conditions Cause Drop.
(BT THE ASSOCIATED PRESS)
NEW YORK. June 17.—There was
I further and sensational decline tn the
; cotton market this morning and a gen
eral selling Inspired by favorable new
; crop reports. Including private ad
vices of additional rains In the drouth
sections of the western belt and a
private condition report showing an
Improvement In crop prospects since
the government’s figures were made
up last month.
The old crop months were very ex
cited, with July selling off to 14.81 c.
i or 39 points below last night and $6.66
I per bale under the high record of the
season. New crop deliveries sold 32
to 24 points below last night's prices
and about $2.50 per bale below the
high prices of the week. August lost
32 points and the new crops 23 to 27
points.
Late in the morning the market was
quiet. The demand was principally
from profit takers and shorts. The
close was steady at a net decline of 21
to 34 points.
A feature of the morning was a
condition report from a private crop
reporting bureau of 87.5 per cent
against 86.3 per cent last month. Some
short selling resulted from this.
Slight rallies occurred in the lata
trading as a result of covering, but
the market closed barely steady* with
prices net 22 to 35 pointe net lower.