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m L COTTON MARKETS Better Prospects for Avoiding Strike in Great Britain Factor oMStrength. Thursday afternoon, Sept. IS. tables from Liverpool were conspicu ous for their help in giving a tone of moderate strer.gtn to the domestic cot ton markets uxuy, but after the ter rific explosion In the Wall street dis trict In New York trailing- became dt ultory and change thereafter was small Favorable weather prevailed over the Charter No REPORT OF 2187. Reserve District No. 8 CONDITION OF THE CENTRAL-STATE NATIONAL BANK At Memphis. In the State of Tsnnes. tee, at the Cloae it Business en Sept. 4, 1920. RESOURCES. Loans and discounts, tr chiding r e -discounts ... Deduct: Note and hills rediscounts with Federal Reserve Bank (other than bank accept ances sold).. 5.459, 347 87 959,445.06 $4.4.".9,rt; 51 6.496. 24 Overdrafts, unsecured Customers' liability on ac count of "Acceptances" executed bv thin bank and " by other hanks for account of this bang, and now out standing 480,000.01) lj.m. (tovernment securities owned: Deposited to , secure clrcu- . latlon (U. K bonds par value) iiO.000.00 Pledged as . collateral for Stale nr oth er deposits or bills pay able 7;9,O0O.O0 Owned and unpledged .. 47,200.00 . Total V. 8. government securities Other bonds, securities, etc. Bonds (other than V. S. bonds) pledg ed to secure postal 1 1 v inirs deposits El, 000. 00 Securities, oth er than U. 8. bonds (not . I n cl ud I ng stocks). own--ed and un pledged 124.COO.00 826.2oo.Ov Total bonds, securities, etc., other than U. 8... H2.600.0O Stock of Federal Reserve Bank (E0 per cant of sub scription) 10,000.00 Value of banking- house, owned and unincumbered. 613,000.00 Real estate owned other than banking- house 1S.I71.K Lawful reserve with Feder al Reserve bank.., 417.0IS.S1 Items with Federal Reserve bank In process of collec tion (not available as re- wrve) 31,T0v.l7 Cash In vault and net amounts due from nation- al banks 648,040.72 net amounta due from banks, bankers and trust companies In the United States (other than Includ ed In Items 11, 11 or 14).. II4.6IS.I7 Exchanges (or clearing house 151,411.11 mill o i Items IS, 14, IS, It snd 17 ... 11,101.111 41 Checks on banks located outside of city or town of reporting- bank and other cash Items 10,196.41 Redemption fund with IT. S. treasurer and due from U. S. treasurer 1,600.00 Interest earned but not Col lected approximate on notes and hills receivable not past due 6,119 26 entire belt, with prospect for contlnu ance. nut trailers were Riving ear ,lo the multitude of complaints as to how aeicrioratton processes. Another fac tor sumuiaiing mtie optimism whs me information from the dry goods ills, trlct in New York that business there yesterday was the best In months snd at about hnlf a rent advance on staples. There also came some Improvement In the business done in the spot markets, while quotations were as a rule a shade steadier. At the finish the list In New York stood 30 to points to the good with tone called quiet, while New Orleans closed steady and 32 to 10 up Liverpool should open 4 to 7 points to the bad tomorrow. The foreign market was evidently en couraged by the outlook for settling the strike situation, for a meeting was to he held during the day between the rop resentuttves of the unions and the president of the British board of trade, and at the Instance of-the former. This was occasion for some short covering and finals were steady at a loss of 28 to 16 points, whereas a decline nf 33 to 26 was expected. Stints were marked up 17 points, fullv middling to 23 73. w ith sales 6 iinn bales. Including 5.6m) American. Keeeipis for the rfai were M. nod bales, including 4,3iK AiiWiran. (iood cables and encouraging news from the dry goods district accounted tor the firm opening, but profits were taken becVhse of fine wea'her in the belt. October started at ;.". up 32 .ints, s..ld at 287 and then dipped to 27 7fi, Later It sold back as high as 2s os, but receded slightly before the close. Sentiment was more or less con fused and neither Mdo disposed to do much fur the time being. Krom ibe spot department came ad vice of holders being less disposed to tot" ti'e freelv at the lower levels, l o' .in said that the basis was still going down. The Improved weather 'i . will cause larger receipts. and that induces f.fir of the effect the weight of bales will exert. The state ment from the liead of the federal re serve Mstitn thiit no basis existed for expeclliig a panic and that financial help sufficient to enable gradual nisrk- ' r -f the cron would be available throoch the reeular channels nf bunk ing perhaps helped induce some relst- ,., it u ot, the price advanced 2;. ioln;s. iT.-ii.l i in k to 28.25c with salt SUMS bales, while I 'alias al an advani of 20 points, middling to 26 8f.c, reported sales 7.76S bales, the largest of the sea son for that district. New Orleans quotations f0 points middling to !!c with sales reported 715 hales. Augusta sold till hales and left middling at 31 Sue Memphis had more business than any dnv recently, selling l.isn bales, hu quotations SO points, middling to 2 out change. MEMPHIS COTTON. , ruling around net higher. Futures closed 30 to 9 points. J.4yc. or about ID points quiet at advance THE NEWS SCIMITAR. THURSDAY, SEPTEMBER 16, 120. Jan. . , March May . July .. Sept. . 'it. . , I ec . Open. High. ZS.Vi 24 34 23 OS 22.70 22.3S 28.00 25.33 23 45 23. OS 22.70 28.07 25.60 Low 23.65 23 03 22.70 22.35 27.75 25.15 or Close Today. Pre. 2411 23 S5 21.27 23.90 22.45 28X0 27.97 25.44 23.18 22 80 22.35 28 20 27.68 25.21 LIVERPOOL COTTON. LIVERPOOL, Sept. It. Spot cotton In good demand; prices higher. Good middling, 25 48d: fully middling. 23.73d; middling. 2l.98d: low middling, 18.19(1; good ordinary. 14.73d; ordinary, 13.73d Sales ff.DOO bales,' including 1.I0U Amer-J lean. Keipis 14.CKK) balea. Including 4.3UI) American. Futures closed Bteady; Sept.. 19SSd; Oct , l4'Jd; Jan.. 18.4d; -March, 17.99d; May,17.46d; Julv, 17.0d. Close Today. Frev January m 49 18.11 February 18 24 II 43 March , 17.99 18 16 April 17.72 17.90 May 17.46 17 64 June 7. 17 26 17.43 July 17 06 17.22 August 1611 16 97 September .' 19.56 19.76 October 18 49 19.77 November 19.05 19.32 Iieoember 11.12 19.06 contracts closed steady at decline of J8 to 16 points. COTTON REGION SUMMARY. Seasonable temneratures nrevailed In Atlantic coast districts, but elsewhere temperatures were generally four to elulit nbnvn normal with maximums mostly nil to ! over the western half of the eblt. Light to moderate show rs occurred In Alabama and at scat tered stations elsewhere In the eastern portions of the belt. Memphis District Memphis, Tenn., Sept. 16, 1920. ROUND THE TICKER Cotton. ."w .of ,l,e revised government types have been received at Memphis cotton exchange and are available for members. With the new season ap proaching the trade will probably soon ramillarise themselves with the changes. A ,Cnl grain man in 'wiring his opinion Thursday on the corn market, v.hich was bearish, said: "We helped you ii the South by buying a bale, so it s our time to return the favor and buy a bushel." New Orleans. La. Liverpool cables: Hope for settlement of the coal strike is much better. ,lW 1rl'n Except for a few light showers in the Eastern bell, the weuther map is drv. T.mn.ir..,,.... above th seasonable uverjue ami on the whole, the best or m,..Ii.. r,,i.,u ov,,rne, 'eater ,Mrt ot the belt. West of the Mississippi river, the map Is ""'"ary ana lexas is gbttlng the weather uraved foe .11 .". if A U. . " New Tork tnnr.vl r , . " vwiiHifcitr Bays; i?i begins to think some fabrics look iwu.ki ,B 1 ,nal consumer trade Is Hubbard " reductions.- New York I n.r . ai local Ir-H. ..... Cr.!.1- .m"r5"i t herefore breaks. Memphis unchanged, bales. cotton closed nominal and Middling 32c. Kales l.lju Today. ..17.0(1 .19 60 23 00 28 50 32.00 33.60 34r.O 85.25 rrev 17. "0 19 fiO 23.00 28 32 00 33.50 34.50 35 86.00 Oood ordinary Strict good ordinary Low middling Strtci ow middling Mlddllb.T Strict middling Oood middling Strict good middling Middling fair 36.00 Yellow tinged 200 tn 550 points lower blue stained 550 to 1.000 points lower yellow stained, 650 to 1,000 points lower. DAILY COTTON STATEMENT ' 1920. Ret. today, net 10 674 641 1.124 4.302 23.450 67 39,416 Uross Ret since Friday Gross Since Aug. 1, net uross . . Ships, today Since Aug. 1. 1919. lfi 365 613 1,602 7.143 18, 225 373 57.690 79,765 1918 3.093 3.653 10.891 14.211 17.013 S2.8:i6 2.018 62.H81 128,123 Total .$8,270,593.59 LIABILITIES. Capital stock paid In f fOO.000.00 Surplus fund 400,000.00 Undivided profits f 111.671.01 Less current expenses, In terest and v Uses paid... 75,799.20 15,771.11 Interest and discount col lected or credited In ad vance of maturity and not earned (approximate) .... 62,100.15 Amount reserved for taxes accrued 25.0OO.O0 Amount reserved for all In terest accrued 22,000.00 Circulating notes outstand ing 60,000.00 Net amounts due to nation al bank 182,189.14 Stock on hand ..242,642 DAILY PORT MOVEMENT. Middling Ret T'd'y. Yes. StocK .348 28.00 28.50 197,775 .1,273 28.75 29 50 166, sti 2 28.50 28.50 2.486 2.567 30.25 30.00 66.628 19 30.00 30.00 224.269 . ., 28.00 27.088 14 3(1.00 30.50 30.50 iii.no 3t.no 37!) 31.00 31.00 43 31.25- 31 25 13,645 Total last year 17,573 Snot sales; New Orleajis. 711. Savan' nan, 626. j'one. N. Orleans, qt, uaivesion, qt. . Mobile, nom. , , . Savannah, ut. . Charleston, nom. Wilmlnghon Norfolk Haltimore, nom. New York, qt. . . Boston, i qt Philadelphia, qt. rotai receipts 24.294 2,629 25, 984 13.238 5,142 DAILY INTERIOR. T(ina Memphis, nom. St, Louis, sty. Augusta, sty. . , Houston, kiw. . Little Rock .. Dullaa. sty. Middling Ret T'd'y Yes .. 674 32.00 12.00 .. 120 32.00 32.00 ..1.518 31.50 SI.3S .12,037 28 25 . . 21 26.85 fit nek 242.641 9.817 6U.5H2 Total receipts today Same day last year . . Spot sales: Augusta. 809: 769; Houston, 8.048. 28.00 241.94(i 28.75 14,879 i6.65 . .14,370 . . .6.289 Pallas, 7,- CONSOLIDATED PORT. i Net amounts due to banks, 20,524.00 64.3(3.74 4.2M.V44.0O 200.12 Banners and trust com panies In the linked States, snd foreign coun tries (other than Included In Items 29 or 10) 471,621.41 certitied checks outstand ing Cashier's checks on own bank outstanding Total of Items 29. 30, 21, 32 and 31 1 731.705 36 Pemand deposits (other than bank deposits) sub ject to reserve (deposits payable within 30 days) Individual deposits subject to cneck Certificates of deposit due In less than SO days (other than for money bor rowed) Total of demand deposits (other than bank depos its) subject to reserve. Items 34, 35. 36. 37. 38 and 19 14.485.069 67 Time deposits subject to re serve (payable ater 30 days or subject to 10 days or more notice, and postij savings) : Certificates of deposit (oth er than for money bor rowed) Postal savings deposits Total of time deposits sub ject to reserve Items 40. 41, 42 and 43 1 433.37j.I8 United states dessits (oth er than postal savings) Bills pay.ihle with Keden-I Reserve bank "Acceptances" executed i.y tlus bank for customers. . Liabilities other than those above stated rocrve Tor depreciation on bonds .... Rets, t days . . Kx. Gt. Itrit. Kx. to Franco . Fx. to Cent... Ex. Jap. Mcx. . Total stock Total rets. 1920. 65.057 ..7.5H7 . 6.789 17,351 1.019 762.461 .19.668 1919. 45.680 1.609 1.758 10,636 1911 116,974 44,945 4.731 4JI.207 Foreign expts. 242.651 822.508 365,799 622,t5!l 146.624 528.718 498.476 TOMORROW'S ESTIMATE!;. New Orleans Ualveston . . . 1920. Last Wk '.919 mt 900 1,631 1,139 .6.500 & 7,000 C.t'.tJl 4,140 395.614. 7 37,756.41 8,'8.r,o).oo 4o.0vO.OO Total Inabilities for rediecoui Is with Federal Keserv bank (see Item Id) 6:'.875.22 11.270.592.59 H9.4j.0S NEW ORLEANS COTTON. NEW OKLKANS. Sept. 16. Fluctua tions were narrower than usual In the early trading In cotton today. Around the opening prices were 1 to II points lower on reports of continued favorable weather In the belt. October sinking to 26 o2c. A fair demand developed, com ing mainly from the short side, and prices finned up, going 15 to 19 points over tile ciiiM- of yesterday toward the end of the first half hour of business, lictobbr rose to ol' :(Y. The advance remained in force until It amounted to 25 to 29 points. The explosion in .i!l stie. t caused a short lived selling flurrv, wliich broke values nearly a dollar a bale, but the market did nrtt remain depressed long Late In the morning prices were 11 to Hi points higher than the close of yester- In the late trading the market did not get vi ry far. It Was steadied by reports of a somew hat better spot de mand in the spot markets of the West ern belt but no great damage itrose. Toward the eloe prices were 12 to 15 pom's above the finals of yesterday. S(nvts closed (fillet at decline it Mi points; ordinar lo.ooc. good ordinary. 12.ooc, low middling. 19 50c, middling, : hoc; good middling, 31.26c. Sales on t'i. spot. 415. to arrive, 300. Ielivered on contra, t none. Ku rures closed steady at advance of J2 to 10 points. -("lose . Open High Low Today I'rnv. High. Low. rep. Bolivar, Tenn., clear .. 95 72 .00 Brownsville, clear 94 73 .00 Cnvlnglnn, clear 92 70 .00 Oyershurg. clear 91 69 .00 M KM PHIS, clear 90 72 .00 .Milan, pi cldv 91 69 .00 Moscow, fit. cldy 95 72 .00 Nashville, cloudy ...... 86 72 .72 Hatesville. Miss., clear. 94 70 .00 t 'larksdale. clear 96 74 .00 Corinth, jit. cldy 94 74 .00 Oreenvllle, clear 96 76 .00 Hernando, clear ...... 93 74 .00 Holly Springs, clear ..95 74 .00 Tuscumbla. Ala., clear 86 70 .00 Osceola, Ark , pt. cldy. 92 68 .00 Marlanna. clear 94 74 .Oil Wynne, clear 94 68 .00 Average 93 72 .04 LLVE STOCK MARKET. MKMPHIS. Sept. 16 Hogs Receipts light; steady. Heavy; 115. 00i 15.75; me dium. $15 Kirn lii.50, packer sowe, 112.50 toll. 50; skins, 110.00'ji 11.00: pigs. fat. I2.no(frl5.00; thin, 110.0012.00. Cattle Receipts, light; steady. Steers, medium heavy, 18. 004(9.00; light butch ers, $7.0041 8.00: thin common, ii.OO'ip 7.00: choice light Blockers. 6 0()it'7.00; butcher heifers, $S.00ft 9.00; fat cows, J8. 0049. 00; cutters, $4.504f 5.50; canners, 13.60'ii3.76; veal calves,, good. $9.004(i 10.00; light and poor. $.).00ftf 7.00; bulls, fat, 16.00U7.00; medium, $1,504)5.50. FORT WORTH. Texas. Sent. 16 Cattle, 4,0o0; Bteady; beeves, $6.00(9 10.70; Blockers, 16.00ft 8.00; cows, $3.00 47.00: heifers. 14.004ia6.50; bulls. 14. 00W 6.00; calves, 14.00(q'll.. Hogs, receipts 1.200: unchanged: light I16.754fl6.90; heavy, !16.60i 16.75. tne. dlum. $16.00ift 16.50; mixed, 116. 60(fi 16.00; common, $15. 004) 15.50; pigs, $11. 00 12.60. " Sheep, 700; unchanged; lambs, $7,004 13.00; yearlings, 19. own ln.oo; wethers. IS.OulU8.2i"; ewes, $7.004! 8.00; culls, $3.00 &6.00; goats, $3.00416.00. want hull mariint they Will he hover. nn ..11 S. t. II. to Ree-: NW Ynrlt PrAto.,i...i ..1 , , . '"uimi Hitori cover- una scuuereti trade buyinir on the tlomen!11'"8, Ef,.the. t'hy labor" set i.f5U btit' lnlul'''t' the dry V ,, ... A.'.. -1. ... , ;; " '"!," iraners expecting re ,aiKing about sale of cotton "- i iow prices yesterday and Oc tuber situation. Hubbard. , , " "W,.J urn. t. verpool wires: Every Indication settlement but fully x heeti . H1? ,robaby -discounted. Hub. GRAIN MARKETS CHICAGO, Sept. It Wheat prlcea de clined today and depression In the corn market was a bearish factor. The open ing, which varied from unchanged fig ures to He. lower, with December $2.41 2.414 and March li! 36, were followed by a decided setback! all around. Prices closed heavy, 2fAyic net hjwer witb December 2.!7(j2.3! and Liberal receipts weakened corn. Aft er opening Uic off, including De cember 11.11 ti1.12, the market fell rapidly. Deferred deliveries touched the low est figures yet this season. The close was nervous, ifelHc net lower, with December $1 llSC-l-llS. Oats followed other grain, starting 14c down to a like advance, and then un dergoing a general sag. 1'rovisions reflected upturns In hogs. Low. Today.Bprev. Mtfc ' 1.374 l.4t!4 3.31 2.32 'x 2.3S wew Ycik LocaI rowd buvjng back cotton sold on openlng.-Hubbird. Now York wires: hrv a. . . nor hl.. .j " '" Iour months yes terday with cent higher. New York. Weld & Co., Texas trav rlVr-.J wi .. Waxaiiaohle?8 T?Z VUUIU lt-lllIlIP vV Oam Ll 1 1 I t . 11 little deterioration account recent mini i.,,.. V.1 ,a.r ttlm ''" and grade o.k continued clear -"'-i iirvfCI e l WOlllrl u,o. 1 ... nor v..A... '. .'s- i-.ri.i mi, iop crop But will make air yield without. Pickers needed. 1"i. a . -I-'UIHIII. I llflu Sln.i. m An. -)K . I,,t . "'". jei'Cr Ot L'""'" "v"i)iii ana worth Texas crop has on asCount of .m(u,,u conditions and extensive insect din age deteriorated .rat.iially and unlets we 27ii h-LJr'," immediately there !;. . ua'age to our Leer to McFaii. ' v. leans vprv .,.. . poBSiblltV of avert Ini 7. )? Kngland and because better rien.L ,h ,'" m1!' f""?8'' York- Improvement iuroal. tnderVZgo'!? in uutf IllUlIliV tit rnnni-ia f i, more than 10-year average for whole month.-Beer to McFall s pr wnule Nf Y,orl-Thlnk cotton a good buv crop. Wall street. ST. I)1'IS, Sept. 16. Cattle, receipts, 3.500; good native steers steady, bid ding lower on Oklahomas; top steers, $16.75: bulk, $9.50Sj 12.00; yearling steers and heifers steady; canner cows strong at $3.754.4.25; bulls strong; calves 25c lower; good and choice vealers, $17.00 lilU 25; feeder steers steady. Hogs, receipts. 6,000; steady to 10c hiRher; top, $17.85; bulk light and me diums, $71.4017.7D; bulk heavies, $16.50 4117.00. Sheep, receipts, 1,800; slow: lambs and sheep steady to 25c lower; top lambs, $12.75; bulk. $ll.504 12.60; top, ewes, 16.50; bulk, 6. 004! 6.2,.. CH1CAOO, Sept. 16. Cattle, receipts, 4.0UO; good and choice steers steady to strong; top, 111.26; others slow. steady; butcher stock mostly steady, canners and cutters strong to higher, bulls steady to stronger, bulk bolognas, $6O0t?i7 OO; closing steady; choice veal- , $18 00; heavy calves, $6.0041 12.00: Mocker and feeders steady; range cat tie receipts very' light. Hogs, receipts, 16.000; mostly 10c to He higher than yesterday's average: top, $17 60; hulk light and butchers, $lt!.75;rl7.50; bulk packing sows, $15.75 Si 16 (Ml; pigs mostly 60c higher. Sheep, receipts, 20,000; fnt sheep and native lambs mostly 25c lower; prac tical top native lambs, $13.75 to pack- ; fat ewes mostly Jfi 25M6 50; no fat range lambs sold early; feeders steady, best feeding lambs, $13.60tjJ 13.75. LOriSVILI.E, Ky Sept. 16 Cattle Receipts 700; nulet: heavv steers. $12. oii'n 14.00; beef steers, $7.004i 12.00; heifers. $fi.504l 11.00; cows. $4.0041 10.50; feeders, $7,504) 10.60: Blockers. $6.004( 9.60. Hogs -Receipts 800; steady; 250 pounds up, $16.00; 165 to 250 pounds, 11 w". i in ivu iniuuun, li.ev, isn, 12 6(ici 12.75; throwouts, $12.50 down. Sheep Receipts 600; steady; lambs, 13.00; sheep, $0 00 down. KANSAS OfTY. Sept. 16 Cattle 6.- 0; she stock active and steady to 25c gher; most others uneven, but around eailv. lew corn fed strong; best steers 7 15; others $7.504i 16 85; better cows nd heifers js r.ofo lo.oo; medium kind ally $0 OO o 7, mi ; canners mostly $4.00 i 4. Ml; few vealers above 15. on. Hogs 4.000; open to shippers and railers 10c to 15c higher, close packers uying steady to loc higher: one load city butchers S 1 7.3.. : packer ton 16 25; bulk light and nci'iuiiis JlT.OOru; .60; heavy $lii.75'.i 17.10. Sheep 10,000; native lambs 25c to 0c lower; top $13 60; sheep and Wes- rn lambs 16c to 25c lower; best West- rn lambs unsold early; feeding lambs ttong; best $13 35. on account of exnlnsb.n in --Sanders to Clark & Co. 11 - n. "iicu, iexas c ear ml hot ' r Lverfli.!.' b.1ckfd J"0" Pou-''"ff "fom H tA W t" " vix4vjr siwi;. r. & " vv ttriPHIlR 1 .tttarnnnl . 4 a . . the I un.l,l " ' ..r"'. WIUICB mai r.. : """ nispuie is spread ma io uiunam and onerarii,... iMinrtuJ ... i . i . . .... "" "i me market. Waco. Texas says: The movement is increas ng but the weight of market apparent- p..r. '"",cu uy increased holding. Par s, Texas says the spot basis is de- V.....I1IB riousion says the basis has - I "'""ng sieaauy for the last week but there is more demand now. i.ven Liverpool is buying S. & U. Paris, Texas, wires: Personally visit ed several fields today .Wednesday). Old cotton doing only fairly well and will not make any further. Young cot- ion iooks beautiful, but has no fruit and will make none iuil .,,.,.,.. about three bolls, but may do not show uuh oi nun oi any sort. Weevils ..u "uoiiii pienuiui. Heneve these con- , Keuerai large area as similar reports within radius miles. F. & B. receive of fifty MONEY. Jan. March May July . Sept. . Oct. . 1 cl . 23 4 1' 2 6 10 24.10 23.; 26 (2 22 4-i 2.1 22 . 55 .18 26.02 22.10 60 22.88 22.4.. 2 I I'.v 27 u.'i 26 30 24.36 26.13 24.18 COTTOX 16. --The bearish was reflected in Of the total loans and discounts shown above, the amount on which In terest and discount ,.s charged at rates In excess of th .se permitted by law (Sec. 5197. Rev, Stat.) lex. luslve of notes upon which total charge not to exceed 60 cents waa made) was $2,661, 124 95. The number of such loans was 470. Stale of Tennessee. County of Shelby hs: I. ft. T. Crenshaw, cashier of the above-named bank, do solemnly swear that the above statement is true to the best of my knowledge and belief a T. CRENSHAW. Cashier. fiokurlkl . J . . . .. . m..m riiu swum to oeiore this 16th day of September. 1920 K. OPPKNHKIMhR, Notary Public. Correct Attest: J. R. HYDE. 8. K. RAOLAND, R. K. ELLIS. Director. NEW YORK NI.'W YORK. Sept feeling of yesterday some further silling at the opening of the cotton market today, particularly tn the late months offerings wire readily ali-sorh.-d, however, owing to a mre optimistic view of Hrltifii labor cot dlti"iis. more favorable repor's from the himmIs frade, anil reports (nor. east el n belt points that farmers were gen erally In good financial position and that many of them would resist a de cline in prices First prices were 4 to 26 points higher on near months and unchanged to 13 points I'-wir on later delivery, uaich soon rallied, however, with the general lis, showing net ad vances of about 15 to 30 points before the end of tile first hour October sold at 27.98c and January 24.20c. The advance extended lo 2S 05c fur October. 26.55c for I lecemtier and 24 35c for January later In the morning, or about 3d to 40 points above last night's closing figures. Itealixlng caused some Irregularity around tins level, but of ferings were ubsorbed on comparatively moderate setbacks with trading ijuie't and the tone steady during the after noon. Th floor was practically de serted at noon ns a result of the ex plosion In the Wall street district. The board of managers decided that no oc casion existed In connection with the explosion to justify closing the ex change. Business, howevi r, was almost at a standstill and there was little fur ther change In prlcea with December 'KV Vi IRK. Sept. 16 - Prime mrr- untile paper. 8. Kxchnnge irregular: terlmg 6o-d;iy bills. 3.44S: commercial lav biiu on banks. 3.44: commer cial t.o-riay hills. 3.44. demand, 3 49; cables. 3 49 Flalics. demand. 6.56; cables. Kelgian fiaiics, demand, 6.98 58. ables, demand, 30.87. cal'U icHtid. 4.25: cables. 4.: deniiilid, 161. rahi 31.00. 1.62. ( linlder Lire. d. Marks. New Vork exchange on Montreal 10 per cent disi ovttt. ( e.vi rnnn nt bunds steady; railroad bonds firm. Tune loans strong, 60 days, 90 days and six mouths, 84i8U. VISITING BANKERS MORE NUMEROUS An tin' ritton moving SfiUMin lr;tvH iitaitT nmrt' bankers art paying vUits to th' loral Institut Inns, uirluilmK flu brunch nf the fi'.Icral rvstTVe syKU-rti. t n Thursday amnrff the visitors wvre: l.t'on Hf'scbTcmKh, if th i'nnshaw, .Mi.sn., bank , t I I. Wright , prvMHleiu, anU i. U. Uav, active vice-prsh!nt, of tin- First National, (ircciiwwii, Miss ; N. ( KlluiK. pri-Milrnt tf th l-'trst Na tional lank, KlorMir.', Ala. SUGAR. NEW YORK. Sept 16 Raw sugar steady: centrifugal, 10 76c: refined un settled; fine granulated, 14 50'u 15.00c. Additional markets page 12. Yanks in First Place. Lively race In American. A new star In the cigar league It's Kpooa. The new all-Havana cigar that is batting 1 000 adv. STEALS MEDICAL TOOLS. Police Thursday were pusxled as to what use the thief intended to put physician's instruments stolen from Or I: (' 11a.m. Central Hank building. Wed tiesdav afternoon. Tin' Instruments were In a pliysi.i.i i.'h case niuk. taken from I ir. Ham s nut-i. parked on N ( ou.-t avenue. It was the S'M'ond theft of this kind reported In two wci week. Now York Some Aouscs have reports rrom the dry goods district reporting business yesterday best in four months with prices half cent higher. Cotton opened steady due to better news from dry goods market. F. & B. to W. (J. Gram. Chicago. It Is admited that oats are . ar'iXpJy cheap, but Canadian estimate of 556,000,000 gives a crop for North America of 2.000,000,000, something new in the history of the trade. It is diffi cult to see where any demand large enough to absorb the total crop of North American can come, from Babcock Jo Vr in. i i (, V U Chicago. Sentiment in wheat mis changed materially. It Is now generally believed that market Is due for liquida tion on the theory that Importation of Canadian wheat offsets seaboard clear ances. Babcock to Clark & Co. Kansas City Winter wheat seeding has begun southern half of Kansas Seeding will not be in full progress be fore Oct. 1 to 10. Soli in excellent con dition for preparing good seed bed Heavy rains in Southwest Kansas have relieved drought and given best fall condition for several years. Holding attitude of farmers main factor in slow movement. In some places there are a few idle cars. Cash oats in demand but hard to buy in Interior Kansas Flour mills southwest, northwest and Iti the east on hand-to-mouth basis. Texas wneat gone out at Ualveston. Texas mills buying KanSas wheat at Wichita 6 cents over the market. Cromwell to O. C VI. Chicago. Omaha wires: World-Her-nld claims most of Eastern Nebraska com has hardened sufficiently during .. .uiii-uaj noi spcu 10 witnstand a heavy frost. Highland crop very good Lowland crop may require 20 days. Rec- ora yienis indicated many sections. agner to s. (J. Ohlcngo.J. Wild says: The five-day hot spell has helped the corn tremen dously. Corn receipts are ample and country' Is selling. Chicago. An estimate of niui haa Canadian oats would comnare with 394,000,000 last year ann the record of 464,000,000 in 1915. Wagner to S. & CI. Chicago Heaviness in cash aJid Sep temper corn with offerings from coun try heavier causeda very weak feeling near the close with prices sharply low er especially Selliember corn l.'.! i n after close was decidedly beurin Heather perfect for corn. Temporary rallies is all would expect. O'Brien to McFall. drain Belt Forecast . Cenerullv fair tonight and Friday, moderate tempera tures. Open. Wheal Dec. 2.41 Mar. 2.35 Corn Sep. 1.11(4 Dec. 1.UV4 Oats Pec. 63 May 67 Vs ' Pork Sop Oct Lard Oct.... 20.25 Jan.... 13.15 Ribs Sep Oct.... 17.60 High. 2.41 2.38 63 87 . 26.11 . 25.20 20.40 1S.22 1.1714 1.10 62 6614 24.70 24.75 20,20 19.10 1.29 1.11 63v 25.1' 25.2 1.12T4 1.1214 314 6714 24.25 24.60 MISCELLANEOUS 20.40, 20.26 19.22 17.85 17.48 17.80 17.85 17.B0 17.65 CHICAGO, Sept. 16, Cash wheat, Nd. 2 red, 12.49tij;2.4914; No. 1 hard, 12.49 2.60 5. Corn No. 2 mixed. $1.301.31; No. 9 mixed, 11.281i1.30; No. 2 yellow 11.10 1.3114; No. 3 yellow, 11.3091.3014. Oats No. 2 white, 6262?ic: No. 8 white, 6061e Rye No. 2. 11.8214. Barley II. 101. 13. Timothy Seed 15.0007.50. ; Clover Seed 120.0025.00. Pork Nominal. Lard 120.35. Ribs 17.2518.2B. KANSAS CITY, Sept. 16 Cash wheat 3(&sc lower; No. 1 hard, 2.46i2.65; No. 2, 12.43&2.55; No. 1 red, 2.68l&2.60; No. 2, 82.57. Corn 27o lower; No. 2 mixed, 11.20 1.20H; No. 2 white, 11.22; No. 2 yel low, 11.23. s . , . Oats V46lc Tower; No. 2 white, 63 63 Uc: No. 2 mixed, 6263c; No. 2 red, 6406414c. ,., Rye 11.88. ' Chicago.--LaniRon Bros. saying old corn being per bushel 111 Iowa. C. C. Kali. have reports bought at 11 & Co., to Mc- i hicngo. Considerable rain Ohio val ley and East, but perfect weather over heart of the corn btlt. Country contin ues offering old corn. Rally 'if it oc- ci.rs. mil be due to oversold condition of the market. Babcock lo Cinrk x. Co. ("hicngo larger commission houses hich were liberal sellers of corn high er up are free buyers right now. Re lievers In lower prices are very con fident In their is.srtmn A ralli- from around this level ought to al.'near Habcock to Clark & Co. Chicago.-Cash men say that 'country offerings of corn are large. Shipping sales so far lire reported loO.OOO wheat to nulls. sO.JI corn and 106.000 oats Hlds on trtifT-,. Mississippi corn to ar rive have been withdrawn. Chicago. . ileneral commission sell lug m corn. The iaistern houses which the selling past several llavs nr.m. buyer of Iiecetnlur corn. Bab- led (lent oil; Stocks. New v.rk. At a meeting of board of governors committee today It was do lermined tltai delivery of all securities be suspended until Monday, Sept. 20. New York-Refined sugar continued to be pressed for sale and the refiners forced to meet the competition from re sales, hence prices are easier and the situation against tuning of raws The whole situation is far from clear cer tainly till distressed stuff is wiped out - Wagner to . ft t;. " -,NeW.i X"rk "'''ran ton. Pa.. wires: live thou. ano miners resumed work this m .rnlng, and Indications are ma jority of the 7,000 Idle locally will re. turn by Monday.-T. It M. to Clark ST. LOUIS. Sent. 16 !,. uri,... not quoted: December. It itii-' TuJtl !2.32V. Corn. No. 2 white. 11 si- k'i -. ... September. 11.26: Imk..' i, .,,' ats. No. 2 white (3Miu. I" 6214 &66c. December. 63!ic" 1 CHICAGO, Sept 18. Butter, unset tled, creamery, 4356c. Eggs unsettled; receipts, 6,172 cases: firsts, 60o51c; ordinary firsts, 46(48c; at mark, cases Included, 48 48 14c; stor age packed , firsts, 825!u; standards, 64V4C. . "Poultry alive, higher; fowls, general run, 30c; springs 35c; turkeys, 45c. KANSAS CITY, " Sept. 16. Butter, eggs, poultry and potatoes unchanged. CHtCAGO. Sept. 16. Pdratoes weak; receipts, 62 cars; Jersey cobblers. 12.70 02.80; Jersey Giants, sacks, 2.352.45; Minnesota and Wisconsin sacked round white, 12.102.40; Minnesota sacked Early Ohlos, 2. 25 2.15. I , ' - ' NEW YORK. Sept. 16. Butter firm; creamery firsts. H1458c. Kggs Flrip; fresh gathered firsts, 65 57o. ' Cheese Firm; average run, 27 28c. Live poultry firm; broilers by freight, 40c; express chickens. 8940c; fowls, 4041c; old-roosters, 24c; turkeys, 40c. Dressed poultry quiet and unchanged. NEW YORK. SeDt. 16. Copper dull: electrolytlo spot, September and Octo ber,. 184419. Iron firm; prices un changed. Tin steady, spot and nearby 46.00; futures 46.50; antimony T.25; lead iot 8.258s.60; zinc steady; Jast H delivery spot 7. 75f 7.8714. At London spot copper 99 12s 6d; futures 99.7 d. Electrolytic spot 112 fu tures 118. Tin spot 279.12s6d. Lead spot, 36; futures 35. Zinc spot 39. 2s 6d; futures 40 10s, , , ST. LOUIS, Sept. 16. Poultry: Tur keys, 60c; others, unchanged. Butter and eggs unchanged. KANSAS CITY, Sept. -18. Close . Wheat December 12.12; March, 2.2814. Corn, September, 11.2014; December ll.oe1; May 11.0514. quiet; spo St.'TLouiB LOUISIANA PRODUCING HALF U. S. RICE CROP WASHINGTON. Sept. 16. Louisiana la producing almost- half of the coun try's 82,162.000 bushel crop of rice this year, according to the department of agriculture's forecast. Louisiana's to tal Is 25,200.000 bushels. Texas has 9.094.000 bushels. Arkansas 7,780.000, South Carolina 101.000 bushels, Missis sippi 82.000, Florida 62.000, Georgia is.uuo, Aiaoama u.uvu ana rsortn uaro Una 10,000. TRUSTEE'S SALE. Default having been made In the pay ment of the debts and obligations se cured to be paid in a certain deed of trust, executed the 8th dsy of Sep tember, 1916, by Br C. McMahon and wife. Mrs. Ethel Gavin McMahon. to the undersigned as trustee, as same appears ot record in the office of the register oi Shelby founty, Tenn., In book 649 page 135. and the owner of the debt se cured having requested the undersigned to advertise and sell tne property se cured by "said deed of trust, this is to give notice tnat we win, on MONDAY. OCT. 18. 1920. Commencing at 12 o'clock, noon, at the southwest corner . of the courthouse Memphis. Shelby county. Tenn.. and at the Adams avenue entrance thereof, proceed to sell at public outcry to the nignest ana Dest Diaaer lor casn, tne following described property, to-wlt: Situated In Shelby county, Tenn., as follows: An undivided one-trird interest In those two certain - lots or parcels of lands known as lota two (2) and three (8) of a subdivision of lot seven (7), In block No. forty-five (45), South Mem phis. Lot two (2). beginning In the west line of South Third street, formerly Hernando street, three hundred and ninety-eight (398) feet south of south line of Beale avenue, running thence west with north line of the lot as signed to Mrs. F. H. Hlnes, one nun dred, seventy-six and one-half J. T. FARGASON CO COTTON FACTORS 115 8. , FRONT ST. MEMPHtS, TENN. Patterson Transfer Company Established 1856. 63 Years of Public Service. MOVE HKAVY MACHINERY, BOILERS AND IRON SAFES. EquippeiMo Handle Anything a Railroad or Steamboat ; Cnn Bring to Memphis. ,. v O" When Ordering Pulleys Specify American and See That You Get the Genuine Article Inferior Makes Are Frequently Substituted K flat Xhraced arm&tedgG on) cut tne air ana sa v& enormously m poweK Grooved air escape fan exclusive featuiy) tummishes air cushion under belt A rim made r -like a channel iron central flanges am safety beaded gcgfl All steel parting hub clamped to shaft- tvitit powerful Jbolts- rto set screws arJtey 'required. . . . ..ai m xvftft. . r. -ex .IK! V3v! & I i I --"M - .1. in VI yw". -'.'..'.'.V v 0 h-LlJ1 "-TsJ'-f; Bi .t . tl f VX a f E'V 111 Ends of arms solidly riveted to $$jnturned strengthening rim iJangas -yrms not irvefecf tfirouan pulley face. A A parfincf ruIIev-no li it lal I occasion to strip KW" shaft Rims doweled together at head. Interchangeable parting bushings locked to pulley hub. tr Ends of arms a1 milled to exact lendthJ Ihe Riechman-Crosby Co. MEMPHIS, TENN. Large stock both places HELENA, ARK. I E CARRY A FULL, LINE OF TRANSMISSION MATERIAL 1 V IN N 4 4 It Certainly Pays Ll A mkjmJLJk.mk A " 'Wj IP p ..: -bsi-.aWWw- mr :;1 vor& vi .vi X:'1: Wrtwis.TftWL....:...--,'. VAT.JV; :. :'..'.. iNfWBoitNVSf- -".tM Bk.: tin nor Ut:(Sl,.v,.."'AA.otsi kf..fe: V.1 It MIS W .. . Ii90r. "I"' 4ftrw W-Iss Is '.'.i..'jt. it. 4, f WW m To Put Your Confidence in INTERNATIONAL MAKMEAT v HOG FEED not a guess work feed, but feed whose eveVy ingredient, proportion .and construction h based on the hogs requirements, breeding cus toms, physical condition and his .liability to digestive disturbances as determined by actual feeding ex periments conducted by our re search department. Products Quick Wealthy growth 4VitJ is - Keenly Relished by Hogs Palatable - Balanced Efficient Sold By Dealers Everywhere 'lo Saw Tflotjb. Border Bai? . . Distributed By COLE-McINTYRE-NORFLEET CO. WHOLESALE DISTRIBUTORS 1 ' N V V V K V V V v (17H) feet -to a stake, thence Berth thirty-one and forty-two hundredths (31.42) feet to a stake one hundred, seventy-two and eighty-two hundredths (172.82) fet west of the west Una ot South Third street; thence east one hundred, seventy-two and eighty two hundredths (172.82) feet to the west line of South Third street, ths southeast corner of lot No. three (S); thence south with west line of South Third street to the point of beginning. Lot three (J) begins at the northeast corner of the lot above described, runs thence west with north line of. lot two (2) one hundred, seventy-two and eighty-four hundredths (172.84) feet to a stake: the northwest corner of lot two (2); thence, north two and ' eighty-seven-hundredths (2.87) feet to a stake at ' northeast corner of the Callahan house; thence north twenty-three (23) degrees east, parallel with Rayburn boulevard formerly Causey street, thirty-one and twenty-hundredths (31.20) feet to southwest corner of lot sold to Mrs. Parker by Mrs. 8. A. Mur rah; thence east with south line of said Parker lot one hundred sixty (160) feet to a point In the westf line of South Third street; thence south thirty-three (23) feet to point of beginning; this be ing the same property conveyed on Dec. 1, 1883. to John Gavin, father of the said Mrs. Ethel Gavin McMahon, by Bridgeforth ft Buchanan, and by deed recorded in book 151. page No. 190, reg ister's office, said Shelby county, 7nn. All right and equity of redemption, homestead and dower waived in said deed of trust, and the title is believed to be good, but we will sell and convey only as trustee. BANK OF COMMERCE & TRUST CO.,. . : Trustee. By S. J. SHEPHERD, Trust Officer. This Sept. 19, 1920. McKellar. Kyser & Allen," Attorneys. "I TRUSTEE'S SALE. Under'and by virtue of a certain trust deed of record In Record -Book 750, Page 292, In the office of the Register of Shelby County. Tennessee, to which ref erence is now and here made, and de fault having been made In the indebted ness therein described, I, S. Roberts, substituted trustee, being duly substi tuted in the nlace and stead of the Union and Planters Bank and Trust company by written Instrument and recorded substitution as' provided In said trust deed, will, as said trustee, and as provided In said trust deed, at the re quest of the owner and holder of the indebtedness mentioned in and secured by said trust deed, on THURSDAY, OCTOBER 7, 18Z0, at 12 o'clock noon, at the southwest corner of the Shelby dounty courthouse, , Adams avenue entrance, proceed to sell and sell to the highest and best bidder for cash, the following described prop erty, situated and being in Memphis, Shelby County, (Tennessee, to-wlt: L.ot No. 17 of Neely s Kaynor Avenus subdivision, as shown by plat of record in Plat Book 4, Page 67 of the Regis ter's office of Shelby County, Tennes see. Said lot No. 17 fronts fifty (50) feet on the east side of Raynor avenue and runs back between parallel lines one hundred and sixty-three (163) fet, and being the same property conveyed to Geo. G. Roberts by deed of record in Book 634, Page 198 of the Register's office of Shelby County, .Tennessee. bald sale will be made subject to t first mortgage of record in Book 646, Page 278, securing the payment of a note for $2,636.27 due Sept 8. 1921. and any Interest that may be due on said debt. All rights and equity of redemption. homestead and dower waived in said trust deed, and title Is believed to ben' good, but I will sell and convey as trustee only. S. ROBERTS, Substituted Trustee. W. G. CAVETT, Attorney. Sept. 16, 1920. " LOST AND FOUND. LOST. STRAYED OR STOLEN From Vicinity Edith and SouthOfourth sts.; dark brindle male bulldog with screw tall and white breast; weight about 60 pounds. Answers to name of Delmar." Wearing black studded har ness when disappeared. Reward offered . for return to 335 Edith place. Fhona Wal. 842. LOST On Lauderdale. Madison or McNeil, purse containing 225 In cur rency, one check for $50 from Muirora Jewelry Co. and other papers. Reward returned to Mulfora Jewelry co: LOST Red Goodwyn Institute book: at Riverside park. "Origin of Species," Harvard Classics." Kewara lo naaer. Address B 84, News Scimitar. LOST Gold mesh bag with one sap phire on the clasp. Liberal reward for ;ts return to 1698 Union avenue. Hem lock 6125. LOST Brooch, slender crescent, IT small pearls, 14k on back. Return Mrs. L. Becknam. bin iioor try s, or ju. 2530-W after 6 p.m LOST From 1000 Blythe Ave., brown and white collie dog. Answers to name of Sport. Reward it returned to aDova address. LOST Pointer bitch; liver and white; 15 months old. A. T. Allen, 2367 Over ton Park circle. Hem. 4926. Reward. "STRAYED Bay mare; star on face: knot on left leg below knee. Phona Claude Watklns, Maury Cole Co. LOST Tointer bitch; liver and white; 15 months old. A. D. Allen, 2367 Over ton Park circle. Hem. 4926. Reward. LOST Pair black rosary beads, up town, Tuesday. Hemlock 1827-J. AUTOMOBILES! AUTOS FOR SALE, CHEVROLET Cars and Trucks. Parts and Service, i All models, immediate tJettvtry. Sold On Time Payments Ride While You Pay Pryor Motor Sales Co, Geo. W. Pryor, Jr., Mgr. 301 Madison. Main 950. REO two-ton truck, overhauled aod In splendid condition. Two one-ton Ford trucks, worm drifts, both in good condition. Two light delivery Fords. One 1920 Ford touring car, starter and lights. We must sell at once, as ws cnutt have the room. The prices are right. Reo Memphis Co. 735 Union Ave. Main All Makes of Can Sold On Easy Payments W only hanflle cars In food eon. dltlon. Buy your car from a reaponsj. ble dealer. We trad caim CHISCA GARAGE 811 South Main St. KOK SALE Listid motorcycles, al kinds, 8100 up. Agants for new Indian and Henderson. Repairs all kinds, no torcycles and bicycles. MEMPHIS MOTORCYCLE CO. 271 Madison. Allen Parts For All Models. Warden Motor Sales Co. Distributors for Allen Motor Cars. . Maln429; 7 Union Ave. ""FOR SALE One E-4 Bulck. 7-pas senger. new top, newly painted, good tires, 8800. Mitt L. Monaghan, Maiq 2312, resldonre HL 1007-J. 1919 ONE-HALF TON Vim truck; Used six months. Good as new. Must sell. Make me an offer. 88( Jackson Ave. Auto parts at half price. SHEKT AUTO PARTS CO. 804-506 Jefferson. Phone Main 1013. KOUD3. tiew and second-hand al ways on hand. Toney Currotto, tU Mixtion M. 130. good condition, for Auto Specialty Co., USED Fori, in sale cheap. Dixie 454 Monroe 8t. FORD sedan, coupe, runabout, 11$. 1920 models. Mr. Jtirdao, ii. MIO, Terms. .' . 'X; ' '