Better Prospects for Avoiding
Strike in Great Britain
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
2187. Reserve District No. 8
CONDITION OF THE
At Memphis. In the State of Tsnnes.
tee, at the Cloae it Business en
Sept. 4, 1920.
chiding r e -discounts
Note and hills
5.459, 347 87
Customers' liability on ac
count of "Acceptances"
executed bv thin bank and
" by other hanks for account
of this bang, and now out
lj.m. (tovernment securities
Deposited to ,
secure clrcu- .
latlon (U. K
Pledged as .
Stale nr oth
or bills pay
unpledged .. 47,200.00
. Total V. 8. government
Other bonds, securities, etc.
than V. S.
ed to secure
postal 1 1 v
inirs deposits El, 000. 00
er than U. 8.
bonds (not .
I n cl ud I ng
Total bonds, securities,
etc., other than U. 8... H2.600.0O
Stock of Federal Reserve
Bank (E0 per cant of sub
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-
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
mill o i
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
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
MEMPHIS COTTON. ,
30 to 9 points.
J.4yc. or about ID points
quiet at advance
THE NEWS SCIMITAR.
THURSDAY, SEPTEMBER 16, 120.
Jan. . ,
'it. . ,
I ec .
ZS.Vi 24 34
2411 23 S5
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.
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, Tenn., Sept. 16, 1920.
ROUND THE TICKER
."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
cotton closed nominal and
Middling 32c. Kales l.lju
Strict good ordinary
Strtci ow 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
Ret. today, net 10
Ret since Friday
Since Aug. 1, net
uross . .
Since Aug. 1.
Capital stock paid In f fOO.000.00
Surplus fund 400,000.00
profits f 111.671.01
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
Amount reserved for all In
terest accrued 22,000.00
Circulating notes outstand
Net amounts due to nation
al bank 182,189.14
Stock on hand ..242,642
DAILY PORT MOVEMENT.
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
37!) 31.00 31.00
43 31.25- 31 25
Total last year 17,573
Snot sales; New Orleajis. 711. Savan'
N. Orleans, qt,
uaivesion, qt. .
Mobile, nom. , , .
Savannah, ut. .
New York, qt. . .
Boston, i qt
St, Louis, sty.
Augusta, sty. . ,
Houston, kiw. .
Little Rock ..
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
Total receipts today
Same day last year . .
Spot sales: Augusta. 809:
769; Houston, 8.048.
. . .6.289
i Net amounts due to banks,
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
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
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
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
"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. .
Foreign expts. 242.651
Ualveston . . .
1920. Last Wk '.919
mt 900 1,631 1,139
.6.500 & 7,000 C.t'.tJl 4,140
Inabilities for rediecoui Is
with Federal Keserv
bank (see Item Id)
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.
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
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.
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
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.
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. . .
.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
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
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
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
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(
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.
1 cl .
23 4 1'
2 6 10
2 I I'.v
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
Stale of Tennessee. County of Shelby
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
J. R. HYDE.
8. K. RAOLAND,
R. K. ELLIS.
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
demand, 30.87. cal'U
icHtid. 4.25: cables. 4.:
deniiilid, 161. rahi
New Vork exchange on Montreal 10
per cent disi ovttt.
( e.vi rnnn nt bunds steady; railroad
Tune loans strong, 60 days, 90 days
and six mouths, 84i8U.
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.
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
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.
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
drain Belt Forecast . Cenerullv fair
tonight and Friday, moderate tempera
May 67 Vs '
CHICAGO, Sept. 16, Cash wheat, Nd.
2 red, 12.49tij;2.4914; No. 1 hard, 12.49
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
Rye No. 2. 11.8214.
Barley II. 101. 13.
Timothy Seed 15.0007.50. ;
Clover Seed 120.0025.00.
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.
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,
Rye 11.88. '
saying old corn being
per bushel 111 Iowa. C. C.
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.
("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-
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
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,
"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
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.
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
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
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
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
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
When Ordering Pulleys
Specify American and See That You
Get the Genuine Article
Inferior Makes Are Frequently Substituted
flat Xhraced arm&tedgG on)
cut tne air ana sa v&
enormously m poweK
Grooved air escape
fan exclusive featuiy)
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
. . . ..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
Ends of arms solidly riveted to
rim iJangas -yrms
not irvefecf tfirouan
A A parfincf ruIIev-no
lal I occasion to strip
KW" shaft Rims doweled
together at head.
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
It Certainly Pays
Ll A mkjmJLJk.mk A " 'Wj
..: -bsi-.aWWw- mr
:;1 vor& vi .vi X:'1:
:. :'..'.. iNfWBoitNVSf- -".tM Bk.:
tin nor Ut:(Sl,.v,.."'AA.otsi kf..fe:
V.1 It MIS W .. . Ii90r. "I"'
To Put Your
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? . .
(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.
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
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,
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
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
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
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.
AUTOS FOR SALE,
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.
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
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
W only hanflle cars In food eon.
dltlon. Buy your car from a reaponsj.
ble dealer. We trad caim
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.
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
Auto parts at half price.
SHEKT AUTO PARTS CO.
804-506 Jefferson. Phone Main
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,
.' . 'X; ' '
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