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COTTON IDE A SLIGHTpi An Early Advance Was Fol lowed By a Sharp Re action FIVE TO TEN POINTS' FALL Market Closed Easy; Early Buying Caused By Reports of Unsettled Weather in South; Demand Was Limi ted and Advance Checked Ten Cents For October THE FARMER AND MECHANIC, STOCKS ROSE BUT PRICE OF WHEAT DWINDLED LATER MAKES A TUMBLE Italy's Participation in War Crop Damage Report Caused Advance but Italy's war Policy Caused Fall ONLY FOUR STATES LACK COMPULSORY SCHOOL LAWS Calculated To Have Effect N Y'.r'j. M-ty 22. Rather a sharp re-n-rl n f?l..ved .in early advance hi the itti iii.-trkef today and the close was rtrir !'f a decline of 5 to 10 points. Ufp trf tf unsettled weather in the I S'iMi !r l illy .K'founted for part of the e.irJjr h-iyin. The market opened nt an dv.-tn- uf to 6 points and sold about 5 I 7 piiiu not higher sliortly after of $1,060,000. NVw York. May-22. Judging, from the utirse of today's stock market. Wall Street, or at least the speculative fraternity, is proceeding on the theory that Italy's parti cipation in the war is calculated to shorten thf conflict. Thin theory is hardly to be reconciled, however, with thf; fact that the most striking gains of the brief session were again made by the War specialties. Cru cible Steel, which made a maximum gain of 4:y points, contribute.! twenty-five per foiif ti tho fi i-vt li-.tiiw hncinaut: The entire list took part in the rise, which was I ... .IT. Ill I Ui ill ni i mi UII1IUIV ' I . tor which tradiug dwindled, with some ef fect on values. Loudon was observing a holiday so the local market was without guidance from that quarter. The statement of the president of the I'uited States Steel Corporation that the output of the company's plants has increas ed to "." per cent as against 50 per cent last January was doubtless responsible for the strength of Ihe steel shares. Mercantile agencies also report more fa vorable conditions in general lines. I.onds steady with total sales, oar value. Washington Star. Only four States in the Union n . v are without compulsory school a:v- . dance laws, according to a bu!I-,n just issued by the United States b-js. reau of education. They are bama. Florida, Georgia and Mis-si s ; pi. While the South Carolina and T i-; laws are not as comprehensive a;i i trict as those of some of the in states that have had compulsory ktw for many years, -they are a distil, ' recognition of the compulsory prin ciple and represent a big step forw.r.i Chicago. III., May 22. Action by King in tne two states. Victor Emmanuel which seemed to imply The Texas law requires all child:.-, that Italy regarded herself as already at between the ages of eight and f , r war made wheat prices tumble today not- teen yearg tQ attend school sixtv d , damage reoorts. There was an unsettled the rst year, eighty days the .see,,,, close I,; to U under last night. vear ana one nunared days thereafter Corn finished aro): down, oats 05f to in every school year. It provides f.,r s uk and provision 24 to 121 cents de-1 attendance officers, fixes penalties f r cline. irain ami provisions closed WHEAT Mav 154 1 : Jul V1271;. .-4 75. July July 50. ; Sept. 13.23. Sept. lO.OO. tH e.iii on c.ivering and local bull sup port. I nrmness of the early stock may li.-ive o'ltrih'ited to the advance. The de- m.iiid w:n limited and the advance was clic ked j ixt about ten cents for October by .wittered realizing for over the week end. while sellinz later became rnther nion active on a bearish view of the visible supply figure and private predictions for Hearing weather in the South. ClotPm oricM were th lowest of thr day wlt' active months showing reactions of .hii. II or 15 points from the best. There ver no cables as Liverpool was chwd tod jy and will remain closed on Mofi .-y. Corf. mi ft'iirs closed ea.sy: Ooen. Ilitrh. Low. Close 9. (it ft. 05 9.51 9.51 United States coupon and registered three advanced U per cent on call during the week. NKW YORK STOCK L.IST. Sales in OATS May 52: PORK Julv is. 02; LAUD Julv 0.75: iur.s July 10.55; Sept. 10.90. Cash grain : wheat no. 2 red 154. No. 2 hard 1.54V.ti;lW. CORN No. 2 yellow 74-i fa75V4. Kve nominal. Barley 7&70. Timothv 5.0)'fj;V25. HKKK'S BANK STATEMENT. .ltv. . 2S . 1 . 1ft ..' Z Oct. IMC I 'in Mirii Npot itt No Slh'S. . !.rr 10.02 ft.ss . 10.20 10.24 10.10 . ht.'Si 10.. 10 10.15 . Id. 54 10.55 10.4-s middling uplands 9. SO ft.HS 10.10 10.15 10. 3S 1 12 11 2l 0 5 5.'5 K IH. II COTTON MARKET. UtMrt.d by Parker Rroa. and So.) Tt-.dpt yesterday 40 bales. I !llti lllllg Strict middling Middling Low urade 9U 74 NKW ORLEANS COTTON. A ma I. Cop. Am. Agri. . . . Am. Can Am. C. and F. . . Am. Cot. Oil . . . Am. Smerring . . Am. Snuff . . . . Am. Sugar . . . Am. Tel. and Tel. Am. Tobacco . . Atchison .... At. Coast Line . . P.alti. and Ohio . C?inadian Pacific . Central Leather . Ches. and Ohio . C. Mil. and St. P. Erie 0neral Electric . !t. Nor. pfd. . . Illinois Central ... Inter.-Met. pfd. . . t K. Citv Sou 10 Lehigh Valley .... 6 Louis, and Nash. . 1 Liggett and Myers. 1 Lorillard Co. ... M.. Kan. and Tex. . 3 Mis. Pacific . . .19 Mm. Petroleum . . 5( N. Y. Central . . . . N.Y..N.H. and II. . . 1 Nor. and West. . . Nor. Pacific .... 1 Pennsylvania .... 7 Reading 9S R. I. and Steel . . . . 24 It. I. and Steel pfd.. 3 Rock Island Co. . . New York. May 22. The- statement of the Hundreds. High. Low. Close. 1 actual couditiou of cleariug house banks 94 07 0fils 06 4 1 and trust companies for the week shows 52 that they hold S1S0.S1 4.500 reserve in ex I cess of legal renuirements. This is an increase of $7.0:V!0 over last week. The statement follows: Actual Condition. Loans, etc.. $,4ls.024.(N. decrease $10, Gll.CXX). Reserve in own vaults (P.) $4:,ls3.000, increase $2,761,000. Reserve iu Federal reserve bank $tlS,0ftl, 000. increase $757.01)0. JUT 47 67 108 119 r-1 -. o414 47 06 107 119 10 100 99' 105 73Vt 160 H7Vi 41 00 Vi 26V2 2 15312 2 117 Vi 105 159 40 90 25 15RV. 70 26 117 220 70 264 142 117 220 N.mv rirlans. La.. May 22. While cot ton was steady in the early trading todnv and went to an advance of 5 to 0 points, It devel i(Hd weakness late in the session, a net decline of S to 10 points on the nio,t active months, and closed at a loss of 4 to 7 points. It was not an active . d on. trading being restricted to some extent by the holidays iu Liverpool. . .. . ... ,,i.v iu uniy was iup main 1 a t nil . , ,.f, !iitlaen in tln earlv tradlnf nnrl tmn L,:ana .r1 -(I huying caused by the large mill at cited frtvorable comment. Shorts bought rovers around the opening but when the covering movement ended the market lack ed vtppirt and prices dropped. Cotton future closed: Julv 9.32: Oct. 0.61; ivc. 9.S2; Jan. 9.03; March 10.13. spots quiet: sales 770; to arrive none. Mi Idling 9.00. 12Vz 12 6a 105 107 144 28 BGV4 U. I. Co. pfd COTTON HKKIt OTT. New York, May 22. Cotton seed oil was inl.t with price a shade higher on cov ering of July shorts and light offerings generally. Outside trade showed little in terv-d. Final pri.-es unchanged to 4 points bit: her. Th t'n seed oil market closed steady. S. S. S. and Iron Southern Pae. . Southern Ry. . Sou. Ry. jpfd. . Tenn. Copper . . Texas Co. . . , Tex. and Pae. . . Union Tacific . U. S. Steel . . . U. S. Steel pfd. . . . Utah Copper . . ..lis Vir., Car. Chem. . . 27 Western Union ... 0 Peth. Steel . . . . r,6 Am. Beet Sugar . . 12 5 1 4 A as o 1 19 2 2 11 466 5 34 31 1G 51 ot 124 16 126 55 12Vi 11 69 03 104U 107 144 28 86 13 34V 31 88 16 51 34V2 124 15 . 125 54 Yi 47 07 145 108 119 226 -99 10T 73V4 160 U 37 41 :X) 25 153 V. 117 V. 105 70 26Vi 142 117 220 169 12 Vi 12 Va 70 85 V 0o 102 V2 105 107 144 28 86U 5V2 13 violations and provides for the estab lishment of parental or truant soh. .!- where necessary. The law goes m effect Septembejr 1. 1916. The South Carolina law is option.! but the State authorities are hop, fu that a large proportion of the districts will vote to have the law apph t., them. State Supt. Swearingen is 'urg ing that "every local tax district cir culate its compulsory attendance pe tition at once, hold its election and put every child in school during r.i". 16." Officers of the United States bureau of education believe that the action .f Texaxs and South Carolina in enacting compulsory school atendance laws will have an effect not only on the four States still without such laws, but als,. on States where the school attendance laws operates only in part. Vigorous campaigns are under way in several States to make compulsory education effective throughout al It he territory of tle States and for longer periods of atendance. In Alabama, wrhere school problems are receiving special atention this year, the need for a compulsory atten dance law as one of the most impoi-T tant steps in progress is keenly re. ut ilized. Present' and former State su perintendents of education have urg- inereVVfiiS!r ,lep'sltor5es $33'S5000' ed the enactment of a suitable law. 1 Nettemk'mi deposits $2,329.S90,000, de- State W- F- Feagin declares in crease $ft.050.0tio. - his annual report: ''So one would Net time deposits $131,778,000, decrease question for a moment that the State $l.si:;,ooo. Circulation $.17.97 1.000. increase $-3.000. (1V of whh-h $18,105,000 in specie. Aggregate reserve $582,769,000. Exress reserve $180.:U4.5tjO, increase $7.-073.330. Summary of State banks and trust corn- has the right to compel the parent to feed and clothe his child, and to carry the law-breaking child to the reform atory or the jail to protect society. Has not the State an equal riyht t require the parent to send his child panics iu Greater New York not included to school in order to save him from in clearing houae statement : Loans, etc.. $574,120,500. decrease $2,050, 900. Specie $48,309,700, increase $2,0aS,200. Legal tenders $9,177,200. decrease $229,400. Total deposits $706,683,800, decrease $2,- 002,700 that reformatory or that jail and to make him a producer rather than a. mere consumer of the wealth of the State? Alabama needs a form of compulsory education which should be as rigid and as Drogressive as our iMuai t:aru lr.ri rr iu faun o lj.7 1 . t . - . , .,1 , 1 n 4. : n Trust companies cash reserve in vault M01" 10 cope wlLI1 LIie $46,576,700. make possible." RESERVE BANK STATEMENT. Why Your Best Brain Work I Dou.j When You're HI. Washington, D. C. May 22. Gold coin and certiticates in the hands of Federal reserve banks increased during the past :2? week more than $2,000,000 according to lf YOU v 1 I tue statement of their condition May 21, 1 brain work don't keep yourself too fit 88 Philip Osterman, M. D. If you want to do your very best 66 y4 32 67 146 46 04 31 G6 142Vi 45 E1 34 124 16 125 Si 105 05 Vt 31 G6Vi 45 issued today by the Federal Reserve Board. J But1 remember, too, that the lonsr n, snow. R-oure 1 you work when you are really ill the Gold coin and certificates $213,376,000. greater will be the breakdown which legal tender notes, silver certificates I 111 UbL louow Spot O.MK-0.5O: M;iy 0. 380. 44; .Tuiie r..l;.iV,.5o; July 6. 6260. 03; Aug. 0.78(3 O.TTl; Sept. 0.88ra6.89: Oct. 6.87fr6.90; Nov. 0.72.'i?6.Nl); I,h 6.73rrG.7T. Total sales 4,700 barrels. NEW YORK TROVI8IONS. N'w York. May 22. Hutter firm. ClieHe we:ik. Spolt coffe piiet: Uio No. 7, 7,rc; f?an to No. 4. NAVAL STORKS. ftir.inn.iti. Ga.. May 22. Turpentine firm S.w:wvi; hhIch 151; receipts G08; shipmeutu l.:W7; st.K k 21.917. UhIu firm; sales 852; receipts 1,540; hiiuiliU 3.713: stock 55.7R4. li-jote: A. P. 272V. ; C. D 282 Vj; K 2.95; porta W2. r .i.v,: .s.iw: n i.riVi: 1 3.1.1; k 3.35; M 4.(i; N 5.0O ; WO 5.35; WW 5.50. Total sales for the day 370,100 shares DAILY COTTON TABLE. Port Movement. New Orleans: Middling 9.00; receipts 3, 459 : sales 770 ; stock 283,105. Galveston: Middling 9.10; receipts 4, 190; exports 26.548; sales 1,100; stock 291, 723. Mobile: Middling 8.75; receipts 52; ex ports 100: stock 23.679. Savannah: Middling 9.25; receipts 1, 4'95; exports 11,054; sales 447; stock 96, 990. Charleston: Middling 9.00; receipts 1, 014: stock 63,750. Wilmington: Receipts 536; stock 53.812. Norfolk: Middling 9.13; receipts 206; sales 173; stock 03.201. Baltimore: Middling 9; stock 1,844. Boston: Middling 9.75: receints201 ? er- - y x and subsidiary coin $36,832,000. Total $280,208,000. Bills discounted and loans: Maturities within 30 days$13.839,000. Maturities within 00 days $12,402,000. Other $8,325,000. Total $34,626,000. Investment $29,342,000. Due from other Federal reserve banks Items in transit $6,050,000. All other resources $11,648,000. Total resources $362,474,000. Liabilities. Capital paid in $54135,000. Iieserve deposits $295,038,000 It is generally considered that a man who is physically fit necessarily does better brain work than a man who is slightly off color. This is b no means the case, for under certain circumstances a man who is not physi cally fit is capable of better work than a man in the best of health. f course, I am not referring to casn of serious illness, but to cases wh'-u a man is "seedy," out of sorts or possi bly sickening for some illness. It us siinnnsp thnt v -man H ia circulation (net slightly feverish. Now, fever invari All i othiV liiwHuS-$2.42.000. hastens all the processes of th Total liabilities $362,474,000. numa.ii uouy. r or example, u w ' Gold reserve against net liabilities 81.3 duces an increased flow of ideas. In per cent. the case of a novelist or a man who.-" Cash reserve against net liabilities 93.7 work requires wild imanination such Cnsh WrvA noin ii,hi!!Hao nn. a state of mind would naturally b vaiuauit; up iu x. puim. , But an increase of fever beyond that point does not imply an increa of ideas at least coherent ideas. 15 is this vast profusion of ideas duo to increasing fever that finally pro duces delirium. But the chief cause of a man doing ill is tho setung asioe w per cent goia reserve against net amount of Federal reserve notes In circulation 95.6 per cent. I.I.CIN BUTTEK. Fdsin. III.. Hay 22. Butter centn firm, 28 WKKKLY DRY GOODS. New York. May 22. Primary cotton rmU markets are recovering and there i nu IncreaHing willingness to buy some of the convertibles ofTered at prices that are from , ceut to cent below the prices ruling thU year. The demand for cotton duck and khaki drilla for export contin ues steady and there is a steady and broadening demand for many cotton goods fur commercial needs in countries not at wir. Prices on finished goods have held very steady despite the weakening in un finished cloths. The Jobbers are doing a steady h-use trade in wash goods. Color ed cotton are growing firmer. Southern staple ginghams have been advanced an- otherquarter of a cent a yard and heavy colored goods are very nrm. Price auoted are as follows: Print clatliB, 28-inch, (U by 64s 3V cents; CI by 00. 3V cents; 38-lnch 64 by 64s 4 ceuts; brown bheetings. Southern Btndrds. 6V4 cents; denims. 9-ounce, 13 cent; tickings, 8-ounce, 11 cents; stand ard prints K cents; staple gingham 6V ceot; drefw gingham 9'cents. WESTERN LIVE STOCK. Chicago, May 22. Hogs weak; bulk 7.Ji57.70; light 7.40(7.75; mixed 7.3T PhiladelrfTTia r Mir1rUfn 1rtAT- aTnm-fa I nio n cr- rt a v . , I kk&.- J . . . a); Stocs 4.96H. I Cattle sfp.ide- nnHvo Iwvof a ctfiTrt I better wnrl,- whon he is New York: Middling 9.80; receipts 212:I9.2Ti: stock J51.207. berfera .t.&i&S.TO; calces O.M)fi;9.50. on such orcasions When a mar. 4lnZVU Wtt! eIPrt3 T.08.10: tornh, 7.710.K. exceeding he thinks e?erythin. Total today: Receipts 18,813; exports mt airv rruiEii'v'i. mi vt else in the world is all right. H,J 4T..r62: stock 1.1.T7.7RR. it LUAUlhNtLHLAT. foltt that ouPVthirur cr.Ytn? on e- Interior Movement. I Fer(isoi Rwirk tw.;k t- cellently. He does not do quite his nouston: Middling 9.15; receipts 1. rties Hesin Tonight Or. Joyner . . - . three.nuarters as - . l a. . . n.-f . m irw . i I 111 a li4 LT . 1 4; suipmeius saies . 8tWk au.- (g t(j - "i n,., hard as he can. v t-t. I Memphis: Middling 9.12; receipts 4S9; Mount Airy, Mav 22. The firaA shipments 71C: sales 2T)0; stock 119,706. I School commencement will bein 'inn. y Rev. Sad Indeed. Augusta: Middling 9.13; receipts 140; day with the annual ermnn k, shipments 420; sales 107; stock 105,370. G. T. Rowe. of High pSCTt 3 St. Louis: Middling 9; receipts 1.- wnA,. o7u" . .. j , uiu, win ie cne exer- 458: shipments 1,106: stock 29,404 Cincinnati 632 Little shi nauas: Miaaung .; saies nff l ocal toaay : ueceipig o,o; snipmencs 5,244; stock 388,785. New York Cvening Post. A Boston school teacher bad rad her : o r-v:i . . . nru , . iwcv-triifis O.Ot . auiMiucuis . - v v i j y OLHJlCLV. tn I ; stock 25,259. tne 27th the graduating 0 pupils, and at the close of her reading Rock: Middling 9.00; receipts 30; take place. Fridav ?th SDoke of the sorrowful significance r pmeLta 272 : sales 272 ; stock 18,912- in deplamntinn oU tVlo ,npHa ilJt mio,u. v, ,,-,, v.pon She recitaHfnc -rv--i c.t The annual address hv ri r v Joyner promises to be one o the' best features. c - . , NEW YORK MONEY. superintendent Turlintrtrtn ia a.r. I tirint? WnrlriiP . . J t i -'i.. j . i-i.n'- iii'v 1 c .v , auu Litt; enure prosnni 3V:L willpe something; of rai mr,t Sterling exchange firm; sixty day bills Kvangelist W M Wr.ir r J v i 4.75.50; for cables 4.78.85; for demand vUle Ten iTaif V.Nash" 4.78.25.' Yi"!; cA!""- ,l::;is ng huH father on V "'-c. -riis city. Mrs. Holcomb. asked the boys and girls if they con 11 think of any four sadder words. OnH alert youngster of a dozen years held up his hand and .said: "I know two sadder words." "What are they." asked the teacher. " 'Please remit.' " Har silver 49. Mexican dollars 38. Government bonds steady. Railroad bonds steady. i ;i aaugnter of the late Rev. Jones. Kvangelist. accompanied the An almost automatic device h:s been invented to be attached to a .'-aw handle to blow the dust out oi th path of a saw as it is being operated.