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THE NEWS SCIMITAR. PAGE SEVEN. WILD MARKETS kars Hammer Mercilessly A n 111 -r- jmq x orDiacieii xtecovery Follows and Spot Hold ers Encouraged to Continue Attitude of Independence. BY GEORGE WILLIAMSON. Things happened In the cotton mar ket during the past weeK. many of them without precedent. To a large extent they had their basis in the sud den ending of the ar through the ac ceptance of the armistice terms by Oil 1 1 jr. which naturally accentuated the feeling of uncertainty because f the developments likely to follow. Ad vantage of this and the fact that the South was having to carry an increas ing burden of the actual cotton wus taken by the speculative crowd and they hammered the contract market without mercy. Added lo tins was continued withholding of buying by the spinners, the combination being .1 strong one and He ostensible purpose to shake values downward mi tlif eve ol a time when consumers must neces sarily buy a large part of their raw material supplies. So patent did this appear that strength was ghen to the theory that the decline of the past few weeks was largely the result of a con certed effort to do through propaganda and manipulation what hud failed to be done by the use of tactics more legiti mate from Uie supply and demand standpoint. Nothing much happened on the open ing day of the period, and Monday was given over entirely to the celebration of the victory, Liverpool itnimunclng that business In that market would not be resumed until Thursday. The effect of the bearish theory that peace would mean lower cotton was shown by the rapidity of the decline in futures on Tuesday, buyers apparently being in disposed to offer resistance. The mar ket dipped with ease the amount al lowed for one day, $10 a bale, and many orders were unexecuted. It was thought the next day would see a simi lar break, but over night the commit tee on cotton distribution of the war purchasing board at Washington took a step whose object was to give sta bility to values and trim the sails of the rampant bears, lest it bring de moralization to the spot holders in the South. Speculative short sajes were forbidden, tho only selling allowed be ing by people who held the actual, but there was no ban on buying or of closing out long commitments. This helped some, but prices dipped more during the day, as there were many hedgers. Reasons for Holding. After the day's close the chatrman of the committee made a statement. In which he detailed reasons why the holders should not become panicky and sacrifice their cotton, citing the world scarcity and the probability that with shipping conditions soon to get hitter there would be need for every bale. He also intimated that steps would be taken to facilitate export movement. It wai quickly seen that the action was far reaching, and it was generally "regarded as a wise move, for it took at once one of the main props from the bear side, and left the market to be governed by the attitude of the pro ducer and holder of the unsold supply. It was considered a sound step, for spots had not shown disposition to weaken much and the discount at which contracts were being quoted was ab r normal and likely to have neriouB re I suits. The reassurance from official sources the action being taken with out request from the South was fol lowed by a hurried recovery and a stiff ening among holders, some of whom were beginning to think they were In for a prolonged fight to get at least what their crop had cost. It was also notice to the speculators and the spin ners that help was to be given to the producer, nnd talk of being able to fill vacant warehouses at much lower prices than have been ruling subsided. On the closing day of the week the upturn extended to the limit allowed for one day for nearly all positions, WEEKLY FIGURES. CROP IN SIOHT. To Nov. 15: 1111. 1'ort rets. . . 1,850,913 i tvcrland movem't . 335,560 Est. to So. mills . . ..1,248,000 Interior Btk. excess ... BT0.23G Total ins't. 4,004.709 Wk's lns't.. 417,981 Mo.'B ins't.. 847,507 1917. 11)16. 2,478,46,5 3,464.002 415,007 633,098 1,249,000 1,2118,000 661,922 876,970 4,804,484 6.196,070 637.899 582.607 1,077,709 1,285.470 Totsl crop 11.906,97.1 12,940,934 Decrease compared lo 1917 799, ,75 Decrease compared to 1916 21:', 361 Decrease compared to 1915 753,409 Decrease compared to 1914 204,188 INTERIOR MOVEMENT. Weekly at 41 towns to Nov. 15: Receipts this week -'"''I? Same week In -1917 34:'. 338 Same week In 1916 Decrease compared with 1917.. llh.220 Decrease compared with 1916.. 106,268 Shipments this week D3,4o7 Same week in 1917 26u.osi Same week in 1916 301.filS Decrease compared with 1917,. 91.64 Decrease compared with 1916.. l:Ml .Stocks this week 1,266.852 Same week in 1917 1,016,864 Same week in 1'jlfi 1,230,704 Increase compared with 1917.. 240, 98S Increase compared with 1916.. 36,148 NORTHERN SPINNERS. To Nov. 15. 1918 635.222 737.308 1,085,929 82' .103 751,422 To Nov. 15, 1917 To Nov. 15. 1916 15, 1915 15, 1914 To Nov. To Nov. COTTON ON SHIPBOARD. To Nov. 15 1918. 1917. 1916. For Great Pritain. 68,987 87.908 97,141 Kor otlier countr's 86,174 80,010 92.742 Total 156,161 167,918 189,883 Total last week. 104, 272 141,734 171,261 SPINNERS' TAKINGS. American. All kinds Week, Week, Week. Week. Week, Season, Season, Season, Season. Season, 1918 ... 191T ... 1916 ... 1015 ... 1914 ... 1918 .. 1917 .. 1915 .. 1914 .. 1913 .. 319.000 823.713 .. S32.000 . . 435,000 . . 399.000 . . 355,000 ,,2,907,000 . .3,370,000 . .4,160,1100 . .4,043,000 ..2,543,000 343,387 445.226 40$, 453 366.251 3,512,368 4.305.778 4.997,S''7 5.115,429 3,484,780 VISIBLE SUPPLY. Week ended Nov. 13 Stock at Liverpool Stock at London Slrck at Manchester . . Total Cit. Brit, slock.. Total continental flock 'Total European stock.. Indian afloat for Kur. Amer. agloat for Kur.. l'.g)Pt etc. afloat for Eu Slock In Alexandria . . stock In Bombay Stock in 1J. 8. ports.. 1 Stock In 1,'. S. Interior. 1 Total exports today . . 1918. 241,000 16,000 56,000 316,000 158,000 474.000 8,000 171,000 56,000 265,000 666,000 353,385 ,266,852 1.261) 1917. 471,000 21,000 So.OOO 625,000 258,000 783,000 43,000 188,000 68.000 266.000 490,000 1.122,261 1,01. 804 19,493 3,531,618 Total visible supply.. 4 American: Liverpool stock I'ontinental stock .... Total American 3, East Indian, etc: Liverpool stock Continental stock .... Total Eiust Indian 1, .170,487 IT6.000 141.000 ,093,487 118.000 17,000 ,077,000 week. . 1917.... 360,00(1 224.000 ,949,618 114.00(1 34,000 982,000 99,516 238.869 K89.689 1,188,236 Increase compared last Increase compared with Decrease compared with lKcrca-sa compared with 1911-,... 1916 BANK CLEARINGS. Clearances. 68,883,334.00 24.326, 076.5(1 20,085,770.93 21.088.74ir.88 17,252,232,60 Saturday, Nov. 10 . . Thus far this week . ITevtotis week Same timo in 1917 . . Same time in 1916 . COURT TO REOPEN. HtNTSVILI.H, Ala., Nov. 16 Sp.) Notice has been given that tic fall term of United States court, which was postponed from 'he first week of "otober because of the influenza epi- demic which was roging at that time, to an Indefinite date, will open here Nov. 26 The grand jury will also be In session, .lodge Henry D. c'lajton will probably preside, as Judge W. 1. Urubb is out of the slats. Until Speculative Sales ,. L . and the list left off not far from where it was one week before In New York finals were 33 points off to 35 up, while New Orleans finished 60 down to 25 up. In the spot department quotations were largely nominal and business was very small This was due to the upset Mate of affairs and the refusal "f hold ers io meet the decline. Middling showed a range from 27,75c to 30. 50c at the leading centers in the belt. The lowest prices were recorded on Thursday, when January touched 25.35c, comparing with' the season's highest of 36.50c early in September, the op tion recovering 28.0uo next day, the limit Now Up to South. l'rom a trading standpoint the week was not satisfactory, and none can say how long conditions will continue as they now appear to be. The contract markets ualurully will amount to little while sales are under the ban as they are and they will be scarcely other than a reflection of the spot markets. Trading will certainly become more limited, although fluctuations may be erratic In the extreme. There is a big short Interest, and it will be largely at the mercy of the South, which holds the onlv large supply of raw cotton in the world Unless those who own It are willing to sell at prices now cur rent, the holders of short contracts will naturally try to buy thera in. and thus will have, to pav whatever figure de manded by liquidating Iocrs or sellers of hedges against the actual. There was never a time perhaps when the South had better opportunity of showing its ability to Handle a situa tion sensibly. There is reasonable as surance of the shipping situation get ting better at no dlstiuit date, for cot ton Is almost as Important, to many sections of the world as rood itself and supplies are at famine levels outside the southern part of the United States The bearish argument that condition! following the long war make it unlikely (llUt, ineir win uc uutobm .......... - material, due to financial weakness and the general state of unsettlement, is admitted to have some merit, perhaps, hut is not accepted by all the trade, particularly In the South, It Is con sidered a good talking point for the bear side at a time when there must be a lot of buving of material if the mills are to he kept going. This is thought especially true of tlrcat Brit ain, which will certainly not hesitate to undertake as soon as possible to re sume Its business of supplying cotton goods to a large part or the world In the United States tnere Is reason to think that consumption will increase and that the cancellation of government orders, when they come, will be more thun offset by larger clvlllnn needs, so long kept as small as possible. The holders have so rar handled their task well and there seems reason for thinking that they ran continue to do so It has been denied that the federal reserve banks were urging selling of the actual, while advices from nowhere In the belt tell of any olstress signals being raised It was announced lri dav In Washington that no change was to 'be made in the prices mills were to receive for their finished product, which means that they can pay 60 cents or bettor basis middling upland and still make big profits. This government supervisl'in of prices will only last for a few months more, but It Is expected the announcement that lower prices are nt to be h:ul Will remove one of the reasons for the hesitant attitude among manufacturers aboul buying their needs. The weather has continued favorable all the week, but current ideas on the size of the cro" are between 11.500,000 Hnd 12,000.000 bales. Statistics continue, bearish, but have been a small factor. The notion that congestion in move ment has Been its worst help) to offset the effect thereof. LITTLE EXCITEMENT IN STOCK MARKET NEW York, Nov. 11 The end of the war found Wall street fully pre pared for immediate eventualities, as hown ny the orderly course of the took market, hut very much bewil dered regarding tho more .important and delicate phases of tho reconstruc tion period. Assure ncei from weshlnjrton of a very gwdunl readjustment of war work on a downward basis and Indications that the treasury department contem plates a more moderate policy of post war taxation were received with quiet satisfaction, albeit, tempered by Signs of fresh problems In relation to labor. Rails as a section reflected a partial reduction of the recent impressive ac cumulation, especially In the many low grade issues. Industrials owed much of their irregularity not only to the termination of hostilities but to renewed pressure from professional sources. United Slates Steel continued as the center of ipeoulettve Issues, falling con siderably under par to the lowest quo tation since midyear, but making up part of its loss later. The Immediate future of many stocks of a less definite character. Including metals or copper, hinges to a great extent on the altitude of the authori ties at Washington, other stocks, not ably shlnplngs and oils, continue to be governed by influences peculiar to themselves. LIVE STOCK MARKET. KANSAS CITY, Nov. 16 Hogs Re ceipts 2.000; steadv; hulk. 617.001 17.45; heavy. 110, 9017 50; lights, I17.00O17.40; lilfs. 114.0011 15.25, f'attle Receipts 500; no Sou! herns: steady: prime fed steers. 117. 50f 19.50; drfssed heef steers. J!2.004i 11.00; South ern steers. $6O0WI2OO: cows, 15.00(6 11 00; heifers. $6 50 fl 12 o0: stoclters, $6,50 014.60; calves. JTOOfl 13.00. Sheep- -'Receipts 500; steady: lambs, $11.60015.60; yearlings, $10.60011.50; wethers. $$.50010.60; ewes, $8.0009.60; Blockers, $'I.004jM6.oo. RT. LOU18, Nov. 16. -Hors-Receipts 7.000; steady to weak: lights. $17,850 17 50; pigs. $14.00016.50; mixed and botchers, $17.8691115; good heavy, $17 7017.85: hulk. J17.35in7.75. Cattle--Receipts 1.600; steady; native heef steers, $1 1,6(151)1 S 36 : yearling steers nnd heifers, $$.60011.50; cows. $7,500 12.50; stockers. $$.60012.00; Southern beef steers. $10 00 fl IS "0: heef cows and heifers, $7.60015 00: native calves, $7.73 &17.25. hasp Receipts none; stenrtv: lambs, $16.50 16.75; ewes, $11.00(911.00; can nets and choppers, $5.0009.00, nitCAOO, Nov. 16.-Hogs Receipts 16.0011; slow, unevenly lower: butchers, $l7. 50017.90; light, $1700017.60: pack ing. $16 601117 45: pics. 616.00tB16.25. Cattle--Receipts 4,000; 26c to $ higher, Sheep Receipts 6.000; steady. 00 DOW-JONES SUMMARY. NEW YORK, Nov. 16. 'Strong fight In congress limiting taxation two years hence In revenue bill now considered probable. Chairman Simmons of finance corn nilttee says McAdoo's estimate of $18. 000,000,000 of government expenditures next years I based on theory lhat there will be more loans to allies Secretary Lansing to bead American commission al peace conference and Col. House. Supremo Court Justice Brandies "nd Buhu Root mentioned as others likely to be selected. Peace conference to be held at ear liest jiosslhle date In order to restore fade and Industry in Iste enemy states and afford employment to labor, bus relieving spread of Bolshevism and an archy. Anxiety In Holland over attitude of extremists who demand abdication of Queen Wilbelmina. Government ap peals for co-operation of citixens in grave crisis. Chairman Hurley of shipping board savs It is proposed to bring soldiers back at the rate of 300,000 a month and In vessels filing Ainerirsn flags. MONEY. Ni;V YORK. Nov 16. Mercantile pa per. 6. Sterling, 60-day bills, 4.73; commercial. 60-Bay hills on banks, 4.72in; commercial, 60-day bills, 4.7 J Vs demand. 4.76, cables, 4.7GV COTTON MARKETS Market Opens Steady and Higher, But Recedes Before Close Decline Small. Saturday Afternoon, Nov. 16. Developments In the cotton market during the brief sesisnn today indicated that sentiment is becoming a bit more two-sided at the higher level. At the opening prices were around 100 points net to tile good, put buing power w.us limited, and there wag sufficient long liquidation and lodge selling to bring reaction, which swept away gains and lett tne list at the close slightly miner last night's closing level. In New York finals were steady and 5 to 40 points to the had. while New Orleans was steady and 5 to 15 off. l.iv erttjol on Monday should come 20 to 18 points higher to make response. There was but little news to influence values. The weekly statistics were less bearish than expected, spinners having taken 319.000 bales, compared with 332. 600 last year, which, wllh the falling off In the movement to sight, resulted In a considerable net loss in visible supply. Willi.- there Is hope of Improvement In the export movement, nothing yet defi nite has been given out, and in the meantime ilie markot Is expected to mark lime and keep within moderate range. The announcement that government control of the prtce of goons will not extend beyond Jan. 1 was taken lo mean that all chance for fixing prico of law cotton was gone was credited early with being a factor of strength, hut it foiled to last There Is a feeling that the mills will he disposed lo buy material around 30 cents a pound, but this has not yet been manifested, which perhaps helps account for the hesitant attitude of buy ers after the recovery of something like 115 a bale In a couple of days. Spot quotations were generally un changed to slightly higher, but busi ness limited New Orleans raised mid dling to 29.75c and sold 919 bahs. while Memphis Quoted the market unchanged but called tone steady Instead of nomi nal, and sold 1,100 bales. Houston sold 3,502 bales at unchanged price, mid dling at 30 cents. MEMPHIS COTTON. Memphis cotton closed nominal and unchanged. Middling 3o.50c. Sales i if" pales, including iou previous eve ning. T oday. Trev Good ordinary 25.06 25.00 Strict good ordinary 26.00 26.00 Low middling 28.00 28,00 Strict low middling 29.50 29.50 Middling 30. 60' 30 50 Strict middling 31.00 31. o0 Hood middling 31.60 31.50 Strict good middling ... 31.75 31.76 Middling fair 32.60 82.50 tellow tinged, 300 to 176 points lower; blue stained, C50 to 850 points lower; yenow Blamed, tuu io 3ao points lower. DAILY STATEMENT. mis ion mil. Kcts today, net . . 5.502 6.U37 4,00 llrnss 7 A7T, 1 a 1 n mi Ret since Friday 5502 6,017 ',Wu lirnss 7,475 12,412 5,419 Since Aug. 1 net. 183.556 203,112 355,628 Cross 278,335 357,921 671,829 Shipments today. 4, "57 7,677 6,160 Binds Aug. 1 ....221,795 318,693 587,296 Stock on hand . .214,608 184,525 240,674 CONSOLIDATED PORT. 1918. 1917. 1916. Rets. I day . . 24,217 28,742 32.006 Kx. to tTanee 7,4 Kx. continent 6.568 12.0 Total stocks 1,378,901 1,116.011 1,417,523 Total rets. ..1,875,180 2.489.287 3,575,463 N, Orleans ..8,000010,000 10,932 4,669 DAILY PORT MOVEMENT. Middling. I one. ltcts. Toy Yes. Stk. N i irleans, sty 10,922 29.75 29 38 363,690 00 321,086 75 26,311 50 276,123 50 56,736 00 43.961 . .. 83,280 50 12,404 05 131. S24 ,36 11,710 .30 13,590 24.217 28,742 liaiveston. sty Mobile, wk Savannah, nom. Charleston .... Wilmington, sly. Norfolk Baltimore, nom. New York, nt. . 6,31 30,25 30 403 2S.00 27 3,506 29.50 29. 43-1 29 601) 1,867 600 28.00 28 29.00 27 123 $1.90 SO 75 30,05 28 ... 30.15 30 Huston, nom. . 1'blliulelphla, wk. . , Total receipts . Total lust year DAILY INTERIOR. Middling Tone. Rets T'd'y. Yes Btk Memphis, sty. 7.475 30.60 30.50 214,608 Hi. Uiuls, wk... 3,110 30,00 30.00 19.070 Augusta, Wk. .. 2,208 28,38 28.80 142,261 Houston, sly. . .7.993 80. 00 30 00 325,783 Little Rock, wk. 1,015 30.60 $0.60 31,545 Dullas. sty 29.06 29.05 Total receipts today 21,840 Same day last year 40,204 TOMORROW'S ESTIMATED. Last 1918. Week. 1917. N. Orleans . . S.000i7.000 10.932 4,659 Galveston . .5,6oosj' 7,000 6.239 19,679 NEW ORLEANS COTTON. NEW OKM0AN8, Nov. 16 The cotton market opened In an Ifergular manner todsy, hut the tendency was toward higher levels and in the first half hour of trading prices were lifted 36 to 65 points Buying resulted chiefly from the recommendation by tho war inrius tl lea hoard that there be no further fix ing of prices on cotton goods Small ginning forecasts widened the rise to 50 to 73 points, but late In the day liquidation of long contracts ap peared and prices wero forced to levels unchanged to 5 points off net on the near months and 20 to 40 points down net on the distant. Spots closed steady at advance of 37 points. Ordinary, 21.26c ; good ordinary, 22.60c; low inidling, 26.00c; middling, 29 75c; good middling, !0. 75c. Sales on the spot 244; to arrive, 675; delivered on contract, none. Futures closed steady nt decline of 5 to 15 point. Close Open. High Low. Today. Pre Jan. ... 27.85 28 18 27.40 27.40 27.45 March . 27.65 27.99 27.16 27.25 27.35 May ... 27.75 27.90 27.00 27.25 27 40 Julv 27.05 27.18 Oct'. 24.76 24.88 Nov 28.20 28.35 Dec 27.80 28.50 27.70 S7.70 27.85 NEW YORK COTTON. WOW YORK, Nov. 16 An opening advance of 15 to 00 points, on over night buying orders carried December contracts np to 29 70 and January to 29,nn In the cotton market today, or 350 to 37o points above the low level of last Wednesday. The expected Llv srpoOl buying orders were not in evi dence, however, and while this may have been due to the continued con gestion of the cables. It was evidently a disappointment to some of yesterday's local buyers. At. any rate there .was heavy realizing at the initial advance, under Whicb prices soon turned easier, with December breaking to 28.50 and January to 27.95 before 'he end of the first half hour. The statement of the war service committee of the National council of Cotton Manufacturers that in all probability there would be little, If any. more buying of cotton goods for army purposes partly helped to un set tlo sentiment uml to promote roaliz Ing. Later fluctuations were nervous en I Irregular. Advances met increased Southern selling, presumably In the way of hedging as well as realizing, but there Was trade buying and covering on the declines, which prevented any extreme weakness. After Belling off from $9,0Qe to 27.95c. January rallied to 28 75c. and closed at 28.00c, with the general lis: closing Steady at a net decline of 5 to 65 points. Spot cotton quiet; middling 29.90e. Futures closed steaii) Ht decline of 3 to 40 points. - Close . Open. Hi-b T.ow Tnrtflv Pr" Jan ... 29 00 29 00 -:7. 95 28.00 28 03 Mari h . 28 25 28 45 27. 56 27.75 27.80 May .... 28.05 28.25 27.45 27.45 27.72 Julv .... 27.80 28.00 27,20 27.20 27.60 Aug 26.80 27.15 Sep 26.20 26.45 Oct 25 26 25 33 Nov 28.70 28.85 Deo. ... 29.10 29 70 28.50 28.65 28.80 BOND CLOSING. NEW YORK, Nov. 16 -Final pi ices on Liberty bonds today were; ;:';,. $$.H; first convertible 4s. 96 40; second 4s. iii'. oo; firt convertible 44s, 98 ss; second convertible 4',s. 97.80; third 4',s. 97.90; fourth 4V3. 98 00. Read News Scimitar Wants. FROM WALL STREET Trading Centers in Few Issues With Marine Preferred Showing Most Weakness. NEW YORK, Nov. 16. -Trading dur Ing today's professional stock market entered In half & rinsen nenulAX Issues, notably shippings and steels! Marine preferred waa the most unstable fea ture, breaking 34 points at the outset, rallying substantially and again react ing United States Steel was firm for a time w ith peace shares, but fell back sharply later on the weakness of othir industrials, equipments and OMB, pai -ncnlarlv tiftt.lwoi Locomotive. StUoe baker and Mexican Petroleum. Kails were dull hot liu-llnad 10 vield. and cop pers denoted moderate pressure. Tho .estng was beiny. Sales auproumavuv 300.000 share. LAST SALES, (Ry the Associated T'ress.) American Keet Sugar tbid) 61 American i'uii 46t American Car At Foundry H47b American Locomotive ibid) 65 American Unseed 404 American Smelting & Kefg S.s American Sugar Ilsl$ American T A T 105t Anaconda Copper Atchison 96 All.. Uulf A W. Indies 108 Baldwin Locomotive 794 Baltimore v- Ohio 5Sk Bethlehem steel "B" 62, Canadian PaolflO 14 Central I.eathor 61 Chesapeake Ohio 69j Chicago, Mil. and St. raul 49U Ch'go., U I. & Put: 284 Chluo Copper 41 Colorado Fuel & Iron 40 Corn Products 49 Crucible steel 66 Cuba Cane Sugar $$$$, Mrle 20 c.eneral Electric (bldl 153 (ieneral Motors 1254 Oreat Northern pfd 1014 Urc.it Northern (Ire Ctfs 334 Illinois Central 104 Inspiration Copper 624 Int. Mer. Marine 274 Int. Mer Marine pfd 1124 International Paper 83 Kennecott Copper 384 Louisville & Nash4llle (bid) ... 120 Maxwell Motors 87 Menloan Petroleum 1664 Miami Copper 37 Mldvale Steel 4$ 4 Missouri Pacific 284 New York Central 814 Norfolk & Western 1094 Northern Pacific 100 Ohio Cities Has 484 Pennsylvania 484 Pittsburgh coal 47 Knv Consolidated Copper 234 Heading 88 Hep. Iron Steel 774 Sinclair Oil & Refining $54 Southern Pacific 1044 Southern Hallway 314 Studebaker Corporation 64 4 Tennessee Copper 16 Texas Co 16 Tobacco Products '64 I'nlou Pacific 133 United cigar Stores 1024 u. s. inu. Aiconoi I nlted States Rubber Putted States Steel , 1 oh Conner Wilbssh Pfd "A" 40 Westlnghouse Klectrlc 444 Willys-Overland "4 American Tobacco ibid) 190 Atlantic Coast Une 106 Oulf Statea Steel 68 Seaboard Air Line (bldl 10 Sloss. Shef. Steel & Iron 4M Pnlled Fruit (bid) Ml,. Virginia Caro. CUM K N. V, N H. & H. (bldl 39 MEMPHIS MARKETS 1 . .1 .!.,..,, 1 ,,,,o nf aurrlc.ul- ture, bureau of markets, review of the Memphis lliarsei .aijnua.v iiiui . I ,., Ulnnoanl, M1, U ruiSAWBS vl iNii,w-.Li, consln arrived, eight cars on track, In cluding broken and unbroken. Demand and movement moderate, no change In prices. fia.ie uurci 10 ii-i.iiM.. v.. cm aim western, sacaeo, uei o-u pvouioa, HuralB and Pearla, J2.50W 2.60; mostly $3.50. Appies V'lm Jllinoin, iwv ' ,,,.,111 oars on track. Including bro ken and unbroken. Demand and move ment good. Males aireci 10 rawwa Virginia una Illinois, no uusuwe 111 prices; Yorks, As, 6 00Wi.oo; sen i'a- vls A s. 8i ou'rim.uo; um.-a iis , II.OOOtBO; Uanos A'". $$.60tj7 0U; New V....1- ll...nln A'y .IllulitV II 111) COM! i- tlon generally good.' prices lower, $0 50, king A B, no cim-nga 111 I no. .'..i.v...a O. V!u,.mialn one Miclli- 1 prtKs--viir ...... -- I. 1 . a., ,,j ,,n rai'L 111. eluding broken and unbroken. Demand and movement niomo nm, on... Ill prices. Sales direct to retailers: Northern, quality and condition good, inn.,ina uacLc Holland and domestic. $$.0002.$$; mostly $2.00. Onions One Minnesota arrived, one ,,.,i...,,L,.n cur on track. Demand and movement moderate, no change in prices, quality and condition good Sales direct to retailers: Northerh and Middle Western. 100-nour.d sacks. Red fjlqbe, $2 00". 50; 100-pound sacks Yellow (llobo $2.$$O$.00; 100-pound sacks White' Globe, $3.0041 3 50, Sweet Potatoes- No fresh carlot ar rlvsls; homegrown supplying market; supplies liberal, demand and movement moderate, quality and condition good. Sales by growers In wagon load lots, nancy 11:1ns. duih per iiumici, wuiffivv. HIGH SCHOOL SUSPENDS; NO HEATJF0R PUPILS BLUE MOUNTAIN, Miss, Nov. 16. (Spl.) Blue Mountain high school has again suspended for an indefinite pe riod, the reason being the failure of the board of trustees to get the new school building equipped with a healing plant in lime for cold weather. The former school building has been made unavailable, for use. Iiepce there Is nothing to do hut discontinue the work until provisions of some kind are made for keeping the children comfortable in the new structure Prof. B. W. Hampton sees no Imme diate solution of the situation, but the board of trustees will be certain to make some temporary arrangement. The problem Is made more acute cause of the difficulty In securing both material and labor for construction. Tlie high school hss already lost about three or four weeks of work on ac count of the epidemic of influenza PEDDLER SHOT THREE TIMES; NEGRO SOUGHT COVIJfQTOX, Tenn,, Nov. 16. (Spl.) 8 Jackson, a peddler, was shol three times with n shotgun ami seriously wotinded from nmhush Buddy Payne, negro, alleged io be a deserter from the arm)', who resides in tin- Quito neigh borhood, where tba Shooting look place Is sought by the police, Officers who went lo the scene of the shooting were unable to find the negro, who is .il'O wanted by the military authorities MEETINGS SCHEDULED TO AID FOOD SAVING JACKSON, Miss . Nov, 16. (Spi , As an aid to food production and conser vation in Mississippi during tin com ing months, 15 meetings of negro si hool teachers win be held Between now and .Ian. 1. according to an aunounreinont liv Slate Superintendent of Kdu, 'ion W. F. Hond. Experts will lecture to the tencbers. Prof. K S. OrOIBly of Alcorn A and m., has charge of the arrangements lor the meeting. , SPEAKS AT CORDOVA. OORIIOVA. Tenn.. Nov. 16 (Spl 1 .Iiidtre Iloyd. of Memphis, gave a very interesting talk at the Cordova high school Thursday evening, teaing as his aubject the world war, tellini' of the kaiser'a plans, made three years be fore war was declared, and how Amer ica came into tlie war. He closed with a few remarks alonn the United war work oanipelKii. urging a lib. ml con mbiition and stating Shelby county has never failed in .any financial drive and she must not in this After the speech tlie Park field quartet sang sev eral numbers, which were thoroughly enjoyed. Miss Mann, domestic sciein teacher, and class serv,d refreshment lo the speaker and the ouarUt. ROUND THE TICKER Cotton. New Yei-V. laou hnvlna u,..l Weld brokers bought December. Vlevo to t-otter i- Turner. New Orleans - Hotor'a iitrnei weicbts on receipts to end of October. " pouiias, sgainsi ol, ,6 year ago. New York Hutton A- Co Liverpool Interest!, are generally credited with being hesvilj short in 'this market and Hie expectations that tbev will cover nas induced 11 fair volume of apocula llve buying. Carpentei Co. It would be onlv reasonable to suppose that the restrictions will be lifted and that the field will ,f open attain unrestricted transactions on both aides of the market. New y, rk -Small busin. s South eell jng on advance; short covering; Amer ican Cotton Manufacturers association reports war department states prob ably will not need more cotton poods, circular dated Nov. 12 Hubbard to Reese. New Orleans One of 1 he most Impor tant developments since hostilities ceased is the announcement from Washington that the war Industries board has recommended lo President Wilson there be no further price fi inc of cotton coons This means lhat one of the stock arguments for price fivinc of raw cotton will be removed ami lhat tlie market will be freed of a Ian,-., pan ,,f iM artificial condition The war hoard recommends that pres ent prices on goods remain In force until Ian I. after which there has been no pen schedule. The weather man shows much 1 am over the belt. Tem peratures arc hither Shepard A Qluck. New York Market closed top limit; can not Judge markets now: the re strict urns mean liquidation of all open future-, except hedges against spots and covers against mill sales Robert eon .' Co night letter to Hancock New Orleans As the reaillt of the largo takings tlie visible supply this week increases only 91,751 bales, against an increase Ibis week last year of I SR . -600 ami an increase this week two veara ago of 149.965. Shepard & (Slack New (irleans. It Is reported that the National dinners' association Is out with figures on ginning to the middle of November of 6 741,000 bales, ngalnsl 8.SS0 ..on ,1 year ago and 6.615.1)05 two years ago. This reisin Is distinctly bullish, for It Indicates an output for the period just ended of only 96.000 hales, against 1.409.000 a year Ago and 1.091.000 two years ago.-Shepard Ghick Gram. Chicago Until there is 0 more liberal movement cash grains will be in de mand on weak spots. King. Farnum & co. io Reese. New York It looks as If for some time we should have markets confined within rather narrow ranges Stcei men arc far from unanimous In thelr Judgment of the future. There Ir a peculiar situation when almost in the same breath they talk about maintain ing the price more or less artificially and about expecting our allies abroad to buy enormous tonnage at the official price basis Copper nien ate also less confident Mr MaAdno's large program of expenditures over tho next two years Is more than most of us have expected. His tax si hedulea must necessarily de pend as to their sufficiency upon the obiiitv of Washington to do something to maintain large profits for the great Industrie.- - Morse to Shepard Qluck Chicago The 17-cent hog average minimum for December also improved confidence Talk of European famine and a large demand io the United Stutes was again paraded. In addition the various moves lo stiffen United States business sotillinrnl against fears of it serious trade slump must be con sidered Tlie Herald prints a story of South and Past rushing 100 to 160 pound comless boas to market, Mar kets arc glutted wllh lightweights that seek l6Wc per pound. Hoard of trade membership has sold for $6 060, The foreign grain demand will evidently be handled through one source. The needs, 110 matter how large, can not gcoed the surplus primary oats re ceipts, while In corn none can be ex ported until January. The Pulled Slates can export unlimited quantities of Wp('al. hi. W. Wagner A Co BANK STATEMENT. Siltf YORK, Nov. 16 The condition of clearing) house banks and trust com panies for the week show that they hold III. 111,710 reserve in excess 01 ie- fal requirements. 'I bis Is a decrease ol 16.629,220 from last week, The statement follows ACTUAL CONDITION Loans, discount?, etc, J4.7K9.92S.000 , Increase, $43,72S.oOO. Cash In own vaults, members federal reserve banks (A) $106,492,000; decrease $682,000, Reserve in federal reserve bank of member banks, $614,061,000; deoreaie, $33,760,000. Reserve In own laulis. slate banks and trust oompanies (B), $10,667,000; Increase, $81,00(1, Reserve In depositories, state banks and trust oompanies, $8,070,000; In crease, $253,000. Net demand deposits, $$,812,821,000; Increase. $37,917,000 Net time deposits, $154,OB$,000; In crease, $1,043,000. Circulation. $15,616,000; decrease. $209,000. Speoh) Included 01 (A) ami 'ID. $61, 129.000 IT. H. deposits deducted, $336,724,000. Aggregate reserve. $638,898,000. KxoasH reserve $28,812,780; decrease, $3H 529,220. Summary of stale bank" and trust companies in Greater . York, not included in clearing house statement: Loans, discounts, etc. $729,411,000, decrease, $9,086,400 (tola, $8,499,000, decrease, $355,700, Currency and bank notes, $15,026,400; decrease, $10,200. Dgpofltl Willi federal reserve bank, New York, $66,820,100; decrease, $40i. 200. Total deposits, $779,752,300; decrease, $18,722,200. Hanks cash in vault, $15,359,200. Trust companies' cash In vault. $64. 4K7.000. BUILDING BOOM IS BEGUN JN FLORENCE FLORENCE, Ala, Nov 16. (Bpl.) -With the end of the world war. and tho announcement that work will begin at once on Ibo building of dam No. 2 at. Mussel Shoals, there has been an Immediate resumption of building and realty activity In this city. Work was resumed at once on the $150, 000 home of the First National Pack of Florence and President Kiting s'Hled today (bat if the necessary material could l" oh lained, the new building would be com pleted al Oie earliest possible dale When completed the new hank build ing will tie one of the handsomesl 10 (he state. II v. ill he built of while stone with marble ooiumns and will be finished on the Interior In marble volh solid steel fixtures In spite "f the scarcity of both labor ami material ii is estimated that not less than 600 resi dences and business houses have been built In Ulorciuc in the past eight months, and two big hotels, being built by .1 T. Boeder, are Hearing com pletion and will ioon be io operation, Florence merchants report that they are doing the greatest business In their history, INSTALLS LOCK BOXES. SHKKI-'IKU'. A!:. . Sn U. (Spl.) In nt'rtfr n nirel thf Kl'Ml (iotliUltd ("" hnm- al the Sheffield pOHloffke, lml master .F. R, Coleman ha juxt 'in plfMffl tho installation of 30U HldlUoliaJ lock linxes, ami ulm th placing "f fl turfs which will pro viae two additional ii'liv,tv windows for general delivery. Blnce last January, when work on nitrnte plant No, 2 began, it ban been tin unrommuri siffht t- ( iui many as 2o0 prTflnnH ale nding in llni" waiting for their mail at the general delivery win dow?. appealfor funds. COVINOTON, Tenn., Nuv 1C. ffcSpU An appeal lH beinK made for funds in pay exnonnt'ff of many inmates of lun laji orphanage, at Brighton Twenty ono of the HH children have recently been afflicted with Influensa, with which malady the matron, Mrn C, M. Wellona, died uut week. Many locu i persons are responding t" Hu appeal. CLUBWOMEN TO MEET. .1 A ' K HO N . M1h.. Nuv I H fgp i Plani are ii mm made hire for t tie t went fft h annual eon vent Inn of t he MiHUHBlppt Keiernt Ion "f I 'lubwomen, which Dpi ftp tn this city Wednesday and continue tneoufch Friday ead News Scimitar Wanta. GRAIN MARKETS Corn Stronger on Emphasis Given to Famine Conditions Europe. in CHU'AOO, Nov. 1 tYesh ailvam-ea today in the value of corn resulted larse lv from the ,'onttnueit stress labl on (ho famine situation in Burope Hentimeut tor lusher prices gained additional Im petus, loo, from the prevalence of wet weather, whleh threatened i" hinder the rep movement. Tauntr offerings, were bKbt 'MHioug cjiiotattotis, which va ried ii, co unchanged figures to S" up. wiili I '.', ember $ I . L' -' 11 1 - - 1 and .1 u ii ii - nr $1 :'!tij i iit'j were followed by de rided gulns .ill around. Ki micvhI of an embargo against east bound grain shipments over the Orsvnd Trunk counted as mi Hdditlon.il bullish factor tn the last hour Prices closed strong I He to ic net higher with December $1.2&' to $l.-54 uud Janu arv $ i "J ! ' h to $1.2tt:V,. iHts rose with corn ftcr opening ut. . banged to 'vc higher, with December tlfVo.te. tne market made .1 Sharp general upturn. European food short age tended to lift provisions ss wrll as grain. Liberal shipments for the week up held advances in pork and ribs but lard weakened in the final transac tion!! Close Open High. Ixiw. Today, rrev. Corn Dec I I.25S 1 $3 i $5t l.aitt Jan. 1 ;.;t 1 '.'IP, l.l'l 1.2IH 1.22's ' Hls Dec. .71 .TIH .UK .71', Jan. ,7I, .71 S .72 's .7' rork Ko 41 mi Jan tr. Ml 4(1 P.fi 45.50 46.30 45.30 Lard - Nov 27 17 27.1(1 27.10 27 20 Jan L'L.bO 26.70 '26.42 26 45 26.62 Kibs Nov . 24.67 24,55 Jan. 24 25 24 M 24.25 $4.61 24 25 Com No. 2 vellow. old, $1 IIS; No. '.I vellow old SI 117 No 4 ellcn. old. $1 3041 1 31. No. 4 yellow, new. $1,21 nats No 3 wlntc. .Jin. .IV. standard. J73 V74c live No 'J. II I.I'd 1 In. Hill lev RSc'ii Jl H". Tlmothj $foocio.o Clover Nominal I'olk Nominal, land $'.'7 lOfflt.lS. Ribs- Nominal RT LOUIS, Nov. 16 -Corn, No. 5. $1,25. No. 6 white, $1 21. uats, higher; No. 2, 70c. No 3 while. 72V. KANSAS CITY. Nov 16 -Cash wheat unchanged; No. I hard. $211412 $$; No. :. $2,1542.1(1; No, I red. $2.1$; No. 2, l orn -44S50 up; No a mixeo. Bi.tiq 162; No. 2 white, $1.4101.$1; No, 2 yel low, $1.60f 1.63. live S Si, MISCELLANEOUS KANSAS city. Nov. 16. I hitter and poultry unchanged. Kbk. firsts, title, seconds. 60c Potatoes stondv , S J5Jj I nil, NEW YORK, Nov 16 - Butter steady; receipts 7.1185 tubs; creamery higher Ihan eitras, llW4J6So; extra S! score, 63c firsts, r.sjjiljc; packing stock, cur rent make No 2. 5614) $7o. Bins, steady; receipts, lO.SSI cases; fresh gathered extras. 71 41' 72c; fresh gathered regular packed extrg firsts, Slfl 70c, do firsts. 644fil7c. Cheese, firm; receipts, 3.6SI lanes; stale whole in ilk flats Irish specials, 334iSJVn . do. average run. 3241'33ijc l.lvo poultry, Irregular; thickens. 21 Bl6o; foals, 8S7o; inrKeyk, $$0$6o; dressed, unlet and unchanged e ST. LOUIS, Nov 16. Poultry, butter and ctiits unchanged. SAVANNAH, (la., Nov. 16 Turpen tine firm. 76lt.o: sales. 33; receipts. '.'Ill; shipments, . stock, 30.SS4. llosln Cliin; sales, ibb; receipts, m; shipments, llo; stock, 7.4ho. yuoie 11, (if.l7j P. $16. 22V 13 and K, I1B.BT4B, U, BIP.SSW; 11, , lir, fi7'5: K. Il27i: M. $10. 37V N. $111.40, Wg and Wt, $16 Ml. SPANIARD PRAISES U. S. PARIS, Nov 16. Amsllo Glmtno y CabsnsB, forfnsr Spanish foreign millili ter, delivered a stirring address In the Spanish semito yesterday praising the United Statea and its triumph for tight, luetics and democracy in the suspen sion of boHtllllleH. according to Madrid dispatches to the Temps R. P. Alston. C01AJM81TR Miss., Nov. 16. I Bfpl i It. r. Alston died at his home, g Short distance north of Columbus, Wednes day, bis dentil having resulted from pneumonia, The attack wits, not, how ever, preceded by Influeu.u. Iiecessinl was ill' years obi and Is survived by his widow and several children, llrler fu neral services were held at the lam tig home, lifter which tin, body wus taken to Mucin. Mis., fin' interment. Fred Walker. TKK.KVANT, Tenn., Nov 111. (Spl i -The first soldier boy t.. bo burled here was 1'rlvgte Fred Walker, whose body Was brought here from camp In California, where be died of Influ oir.a and pneumonia Private Walker was ale oil 21 yearn old and (he son of ,l It walker, wh" formerly resided here, but now of Warded, Mo Two brothers, .1 I' and Levin Walker, also survive bun, and one half-brother. Chir. n. u Wall cr. ..f tins city The fun -etal seryleea were held at the local Hap tist church, conducted by Pastor 1. it Riley, end Interment took place In the city cemetery. John B. Presaon. CAM DION, Tenn . Nov. 16. (Spl.) John H Presson, aged about If years, tiled al Ins home, annul six miles wosl of here, Thursday night, after an III ness or long duration, He was a promi nent farmer ami widely known. Mor mon! was in Postoas cemetery rrlday afternoon, vtitli Masonic honors. B Mrs. Mary Reod Eakew. KSIvlCW, Miss., Nov. 16, (Spl ) -Mrs. Mary tteed lOsktw, wife of John tlskew, of this city, one of tin promt in. hi nnd old-time residents of Missis sippi tiled al her heme Ibiu mornliiK at t be age of 77 years. SurvlvliiK me four children, Lee Un let i I2skew noil Thomas Heed llsltew, of Kskew, Miss : John A. Kskew, of Lit tle Ib.cK, Ail... and Mrs Annie Kskew Slnvall. of (Ireeuvllle, Miss Kuneral services win be held Sunday afternoon from the txmgtown Itapiist chin. h. with services by Rev. V. O. Mill, of Sardls. L. E. Pardon. BAliliWYN, Miss., Nov. 16. iHpl.I I, 17 Pardon. 1,!, who resldtil live mile, west of llaldwyn. died of pneu monia Friday, leaving a wife uml two ohlldren. Nanfie-Palmer. TltlOZEVANT, Tenn., Nov. $ (Spl.) Miss Liggie Palmer, or this city, and lie bard Nance were married at lintel Olive, Huntingdon. Tlie ceremony was said by Hey. Jones, or Hollow Hock, Tenn Tho bride is the daughter of Mrs Harriet Palmer, '.r this city, and is a "Utrg school teacher The bride groom ! poKtal clerk at Camp Pike, Ark., ami Ills parents reside at Hollow Rock, ibis county. Mr and Mrs Nam e will reside f"i the present at Camp Pike. Criger-Knox. NKWHKIt.V. TtTin., nv. 16 SI.) - - a itltnfi f wldfl Interesl wa no9tni niitd tn iliin county, near Trimble, when I i iibft'i Olifer n1 Mint Sudlp Knox, of I'nlon city. Tenii , Btokt mart Ii oil thrir frfnufU nii'l were quietly married i" the prfscncp of a few c1ha frUnttH and rolatfvee. The brMftffrpOITI in tc son of Tow Cflfr, of near Trlin bte, Hnd in hil npmfilor with tho Illinois ''Hirai rUroad ai Obion, Tuu , erhert thy w))1 r4irt DON'T SACRIFICE YOUR COTTON MERCHANTS, GINNERS, PLANTERS Ship Your Cotton to Us. Whsre It Can Be Sold on GOOD DEMANDS. WILL MEET YOUR FINANCIAL NEEDS. If You Hsvb Cotton to Sell. Don't r ml to Get In Touch With us. W. A.G AGE & CO., Inc. COTTON FACTORS. WILKINSON & CARROLL Cotton Company COTTON FACTORS LIBERAL ADVANCES MADE ON CONSIGNMENTS MTCMPHIS, TFNNESSEE. WT.Webb&CoJ COTTON FACTORS Liberal Advances CHEAP FEED CREAMO BRAND Cotton Seed Feed Megl Is unusually cheap tblg year and (he moit economical fend you cgn buy. OliK.AMO is standard for 15 yegrg. Insist upon fhts brnd ind get the best. Buy of any dealer. e TENNESSEE FIBRE CO. MANt KAlTl IlKltS MKMI'lllg. ESTABLISHED 1866 STEWART-G WYNNE COMPANY Cotton Factors and Wholesale Grocers MEMPHIS, TENNESSEE D I HARD & COFFIN CO COTTON FACTORS 711 FALLS BUILDINQ, MEMPHIS. CORRESPONDENCE INVITED. McCKAW, PERKINS & WEBBER CO. COTTON FACTORS l.inRIMI. ADVANCKS ON CONSIONTVIKNTB, Mfl-n0-tW2 KAMA HMK3. MKMWlR, TFNN. 4- i IW. J. AB8TON HUGH WYNNB ABSTON, WYNNE & CO. I COTTON LlflBRAL AOVANCES ON S SOUTH FRONT STREET No Embargo On Our Cotton We are in a positlnn in handle all ooltnn oonslgned in us have ample stnrage y J. L. MERCER & CO. OO Houtli Front Htreel, Memphis, Tenn. STERNBERGER, McKEE & CO. COTTON FACTORS 105 South Front St. Memphis, Tenn. t OH 1 1 ESPON DK NOB l ! FVI ' KSTK I). .,i;.:ik:h!ta: ''HWk w!niiiiiii:n fi ,!!. .m, :i,,:;,i; RAINER & CORNELL COTTON 14 S. FRONT ST. R. B. NEBHUT COTTON CO. COTTON FACTORS MEMPHIS, I io South Front Ht. W.C.KNIGHT&CO. COTTON FACTORS Memphis, Tenn. J. T. FARGASON CO. COTTON FACTORS 115 S. FRONT ST. MEMPHIS, TENN. f a - ran raucrsun irtuisiercuiupmi Kstahilshrd 11466. 1 Yours of 1'ubltc Sorrlce. MOVE HKAVV MAOIIINKItV, BtUI.KRS AND RON 8AFKS. Htjulppetl to Handle Anything a Railroad or Mtetamboat fan Brinn to Memphis. MEMPHIS. TENN. MEMPHIS Correspondence Solicited 1 FACTORS CONSIGNMENTS OF COTTON MEMPHIS. TENN. viiNiiiwiiiiiii - - Ml '.,.' JIB;!?' FACTORS MEMPHIS, TENN. TENX. itvl. Main -Jon. sr rf-l CO I I