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The News and Observer from Raleigh, North Carolina • 14

Location:
Raleigh, North Carolina
Issue Date:
Page:
14
Extracted Article Text (OCR)

AND OBSERVER, THURSDAY MORNING, NOVEMBER 13, 1919. THE NEWS WALL STREET PUTS STOCKS IN ORDER Further Severe Impairment of Quoted Values and An Advance In Call Loans MOST SEVERE PURGING OF MARKET IN YEARS General Motors, Which Recently Reached Highest Price of Any On List, Makes Phenomenal Drop; Reaction Encompassed Every Variety of Stock Issues New York, Nov. 12. Under pressure from the Federal Reserve Board and other powerful financial interests, Wall Street today adopted more vigorous measures to put its house in order. This was accomplished by further severe impairment of quoted values, turnover of more than 2,500,000 shares -the year's record-and an advance in call loans to 30 per cent, a rate unparalleled since the panic of 1907.

Altogether the session witnessed the severe purging the stock marmost, has experienced since Wall Street entered upon its period of post-war prosperity. In the course of the decline, which began at the very outset, speculative favorites registered losses of 10 to 25 points, their minimum quotation being 30 to 60 points below maximums of the last fortnight. General Motors Drops. General motors, which recently achieved the distinction of selling at a higher price than any the list, was again under persistent pressure, dropping 68 1-2 points to 280, or a loss of 126 1-2 points from its high record of last week. There was little calling of loans, but only, small sums were available on the call at the opening rate of 14 per cent, while time money was scarcely obtainable except for short dates at to 8 per cent.

Advance In Discount. Officials of the local reserve bank held a regular meeting, but in keeping with the statement issued yesterday, 110 action looking to a further advance of the discount rate was taken. Banks which specialize in loans to brokers stated after the close of the that loans had undergone very substantial reduction. While no figures were mentioned, it was believed that events last two days had eurtailed brokers, accommodations by na less than $250,000,000. The "Street" buzzed with rumors and gossip during the day of the large winwings made by prominent bear traders.

There is little doubt that the aggressive tactics of that element added very materially to the decline. Many additional "stop loss" orders were caught in the day's reaction. While trading was most active, some of the highly speculative issues dropped two to five points between sales. The mechanism of the Stock Exchange was taxed to 8 greater extent than at any time in its history. Not until 3:41 p.

m. did the last of the day make its appearance on the ticker. COLD WAVE PROSPECT HAD NO EFFECT ON N. O. COTTON Market Felt Severe Pressure From Liquidation By Long Contract Holders New Orleans, Nov.

stiffness in money rates and predictions of dearer money abroad cut of cotton ten dollars a bale, the market slumping from the opening and only stopping in its decline when the limit in fluctuations of 200 points in any one session allowed by the rules of the cotton exchange was reached. The December option fell off to 36.60 as compared with 38.60 on the close yesterday and last prices for day were at practically, the lowest, the list showof 197 to 200 points. "The market felt severe pressure from liquidation by holders of long contracts and derived no strength whatever from the cold wave now crossing the belt although private reports indicated great damage from it. Government Lends Every Effort To Aid Negotiation (Continued from Page One.) leave early morning and Acting President L. Lewis will start tomorrow, for the conference tomorrow afternoon.

Miners' officials today declined to comment on the way in which the members of the organization are responding to their order calling off the strike, and would give no reports from the district headquarters. They said no instructions supplemental to their order had been sent out from headquarters. Very few of the miners in the Indiana coal fields reported for work today and it is not believed that operation in the fields can be started extensively before next week. Union men in the Evansville district will meet tomorrow to vote on obeying the order recalling the strike. From Terre Haute there was a report that the miners in that district were waiting the results of the conference in Washington before returning to work.

A report from Bicknell called attention to omission from the order of the mine workers officials of any instructions to return to work, and it was said district leaders were refraining from supplementing the. general order in any way. HARRY ST. GEORGE TUCKER MAY BE NAMED SENATOR Richmond, Nov. the death of Senator Thomas S.

Martin at Charlottesville, local politicians tonight began discussing his probable suecessor whose appointment, under the Statute, will be made by Governor Westmoreland Davis. Indications tonight were that Harry St. George Tucker would be named for the vacancy. Mr. Tucker, who was in the political race for Governor a number of years ago, opposing William Hodges Mann, has since that time been engaged in educational work at Washington and Lee University.

SEVEN ARE CAUGHT IN RAID BY POLICE Two Women and Five Men Found at House in East Raleigh Section "I wish they would hurry and, give bond." The speaker was Elsie my Lee, a pretty Durham girl, caught in a raid in East Raleigh last night which resulted in the arrest of two women and five men on charges of immoral conduet and the reporting by police of Jennie Mays for alleged operation of an assignation Those arrested are Elsie Lee, of Durham; Clare Anderton, of Richmond; K. J. Nixon, of Raleigh; T. M. Holt, of Greensboro; M.

F. Hornsby, Norfolk; W. R. and Albert Shepperd, Sanitarium. All of the prisoners were liberated on bonds of $100 each.

The two girls are charged with vagrancy, while the five men are held under bonds for alleged aiding and abetting in prostitution. Another raid in the same section ineluded the arrest of Louise Price on a charge of drunkenness. At Jennie Mays' House. The raid, was centered on the residenc of Jennie Mays, Cabarrus and Watson streets. Here, Detective Mangum and Officer Pollard found the two women and Nixon and Holt.

Later, a the arrest the two Shepperd brothsecond visit, the house resulted in ers and Hornsby. The last three were caught when they attempted to escape through a rear door of the home. After the two raids on Jennie Mays' house, the officers patrolled the East Raleigh section for a short time and picked up Louise Price, who owns several houses and lives near the scene of the raid. Sought Shelter From Rain. The Shepperd brothers and Hornsby explained at the police station that they were Jennie Mays' house to get out of ho rain.

One of them stated that they stepped upon the porch and were invited into the house by a woman. Shortly after entering the place, Honrsby stated, the woman told them that police were on the sidewalk in front of the house. The woman then volunteered, it is stated, to get them to a place of safety by letting them leave through a rear door. They loft the house through the rear and landed in the arms of two policemen. The cases will be called for trial day in Oity Court but at police headquarters last night it was not expected that the two women wiuld appear for trial.

STUDENTS PREPARE FOR SOCIETY PROGRAM John Crudup Heads Lewis Literary Society at Raleigh High School the literary societies ought to be the In response to, the suggestion that liveliest part of the High School, students have recently reorganized the Lewis Literary Society with the determination to make it one of the most interesting features of the school year. Last Thursday night old mentbers of the Lewis Literary Society, 17 in all, with a few new members and visitors, met and elected new officers for the coming term. John Crudup, a popular senior, was elected president for the coming term; with junior, Donald Hamilton, for vicepresident. The other officers elected were: Secretary and treasurer, Speight Barnes, a tall junior that immediately one of America's martyred president, "Abe" Lincoln; for monitor, Pierre Denson; for press reporter, Osler Bailey; for critic, Professor Parker, who has charge of the Senior English class and others, was selected, with Professor Holmes, a very popular teacher and coach of the football eleven, as assistant critic. Immediately upon his election, Mr.

Crudup took charge of the meeting. He appointed, with the help, of the other officers, a committee go over and revise the constitution and by-laws and submit these for approval at the next meeting. A program committee was appointed. After some discussion about various points of order and other business, the meeting was dismissed. A short program for Thursday night, November 13, has been prepared of a debate on the much-talked of subject in high school circles: "Resolved, The Pupils Who Reside Outside the High School District Should Not Be Compelled Leave School." Speight Barnes Osler Bailey have the affirmative, while Henry Miller and Alec Marsh have the negative.

There will bo extemporaneous speeches by William Naylor and Donald Hamilton. This program has been made short because of tho short time in which to make preparation and also because there will likely be much diseussion in regard to the revised by-laws. It is also expected that there will be a large number of new members to be accepted. While membership in the society is limited to the boys of the Raleigh High School, visitors are cordially invited to our meetings which are held in the High School building at 7 outsider o'clock every Thursday night. An may, however, become an honorary member.

Especially are the business and professional men of the city welcome with their criticism and advice. MRS. CAMERON MORRISON DEAD. Passed Away Yesterday Afternoon in Charlotte. Information has been received here of the death yesterday afternoon in Charlotte of Mrs.

Cameron Morrison. Before marriage Mrs. Morrison was a Miss Tomlinson, of Durham. London, enterprising An German. German has written to several residents of London in an effort to induce British relatives of fallen soldiers to entrust to him, in consideration of a fee, inquiries as to the last moments ef "your unlucky relative or friend" or the decoration of their graves.

Municipal Stores. Berlin, Oct. Mail.) -Socialist aldermen of Neugoeln, one of the Greater Berlin municipalities, propose to establish municipal drug stores. As an aid thereto they have petitioned the city to refuse to grant licenses to privately-owned drug stores. In the matrimonial game a baseball player isn't always a good catch.

MISSIONARY TELLS OF CHINA Delivers Address Before Episcopalians in Interest of Nation-wide Campaign Speaking under the auspices of the Nation-Wide Campaign, Rev, Edwin J. Lee, of. Anking, China, last night described his 17 years of missionary work in China for the Episcopal church, at a mass meeting of Episcopalians at Christ Church. Mr. Lee commenced by saying that it takes imagination to grasp China for it contains more than one-fourth of the world's population.

He declared that the Chinese are neither weak nor volatile; that they have splendid intellectual physical yigor, and that their power is shown by the fact of Chinese students taking their proportionate the honors as students in American 1 colleges. Their moral standing and national ideals, he said, are of the highest, and he commented on their worship of their old literature. China, he said could support twice the population it now has. Since the Boxer uprising he told of the great changes that China has undergone-of 600 miles of railroads, steamers, newspapers and telephones. For 100 years or more it has been feeling the impact of western civilization and has found that it must have scientific knowledge from the West.

In 1906 the official examinations were stopped thereby killing the hopes of the old literati and opening the way for western civilization. Foot binding and opium have been done away with and four million are studying in China what we study over here. The old prejudices to western influences have gone and there is even warm receptivity to western teachings. Onehalf million dollars is given every year by Chinese Christians. He laid emphasis on the fact that Christian missions have made leaders for both church and state in- a land where it was formerly impossible for a Christian to official.

He cited the instance of an old Confucian scholar that came to be baptized, now, during the ceremony, he the tears falling from the old man's eyes at the thought of Christ dying for him, and when through he said: "Now what can I Mr. Lee declared that a year of work now is worth a decade later on for the time is exactly ripe for doing a powerful amount of good. The country just now, he said, is full of younger students impatient of Confucius and the time is ripe for the converting of the gross sensualists and Infidels that the country "The is full Wide Campaign means that we are to have what we need for this work," he said, going into details to show what was needed, and in doing 80 he showed how pitifully inadequate the present force of workers are. In closing Mr. Lee impressed upon the parents that they must teach children the value of missions from childhood, and that the best missionaries have been those who were trained for it from childhood.

U. S. Investments in Belgium. Brussels, Oct. from the United States is becoming invested over here on an increasing scale.

It is now announced here that American interests are not only concerned in industrial activities but have turned their attention to watering resorts as a field for development. At Ostend a company has been formed with American capital for the development of the port industrially. What Germany is Equipped For Now. Hanover, Oct. -A former head of the Brunswick Spartacist movement told the Holzminden Communists at one of their assemblies the other day that "all parts of Germany have already been equipped with weapons for the coming downfall of the German government." DAUGHTERS BEGIN MEETING IN TAMPA President General Submits Some Interesting Data in Her Annual Report Tampa, Nov.

to the annual address of the PresidentGeneral, Miss Mary B. Poppenheim, of Charleston, made at the first business session of the annual convention of the United Daughters of the Confederacy here today, the organization now has a membership of 63,479 in 34 States and the District of Columbia. "Membership in a U. D. C.

chapter is the most eloquent tribute. a woman can pay to her Confederate ancestry," said Miss Poppenheim. Referring to the Confederate Veteran, she spoke of the bestowal on the veterans whose records have been filed with the custodian of the Cross Honor of over 30,000 crosses, and during the present year 391 crosses have been issued by Mrs. Elizabeth T. Sells, the custodian.

The President-General said that during the year the organization awarded 790 scholarships to descendants of Confederate Veterans, these scholarships having a value of $71,023. Among other educational work undertaken by the order, was mentioned the award of University prizes for Confederate essays, and the sending of shipments of books and pamphlets on Southern history and literature, to the Bodleian Library at Oxford, England. The report of the Registrar General, Mrs. Chas. In.

Trabert, in her absence was read by Mrs. M. Franklin, and following its acceptance the presentation of the Farris trophy, a loving cup, appropriately inscribed, for the State making the greatest gain in membership since April, 1919, was made by Mrs. Herbert M. Franklin, of Georgia, to the division of North Carolina, which made a gain of 27 new members, with South Carolina a close second with 25 additions.

The Farris trophy is given by Mrs. Roy McKinney, of PaDucah, in memory of her father, Alexander Farris. Roll call of the states disclosed that 25 states are represented at the convention, with 596 chapters and 37,959 members, giving the delegates present at the convention a total of 1,751 votes. The report of the treasurer general showed that the organization purchased $12,350 worth of liberty bonds during the past year. Resignation of Mrs.

Thomas Wood Parry, of Missouri, as recording tary general was received, and Mrs. W. C. N. Merchant, of Virginia, was aprointed in her place.

The resignation cf Mrs. Wallace Streater as correspondent secretary general also was received. Mrs. Streater is in Europe on war work mission. Her place was filled by Mrs.

W. E. Byrnes, of West Virginia. Tonight a reception to the delegates and officers was given by Tampa Chapter at local hotel. Election of officers will take place tomorrow morning.

Mrs. Roy Weeks MeKinney, of Paducah, will probably be elected president general without opposition, no other candidates having been announced. Asheville, N. appears to be in the lead for the honor of entertaining the 1920 convention. FATHER OF RALEIGH MAN DIES IN VIRGINIA Mr.

T. F. Garrison, father of Mr. S. O.

Garrison, of this city, died at 1 o'clock yesterday at the old home-place in Virginia. A message received here conveyed the news of the death. Mr. Garrison was stricken with paralysis Tuesday and lingered a day after the stroke. He was 82 years old.

Besides his son in this city, he is survived by two daughters, Mrs. A. A. Hardesty and Mrs. T.

B. Humphrey, both of Baltimore. Mr. O. Garrison left last night to attend the funeral.

SURE RELIEF FROM FIERY SKIN DISEASES Will Never Come From Salves, Ointments, or Other Local Treatment. Usually those who continue to suffer from stubborn ailments are those who refuse absolutely to heed the teachings of medical science. New discoveries are being constantly made, and those who fail to take the wonderful accomplishments of men of science are standing in their own light, and will continue under the handicap of disease. A million gallons of lotions, ointments, salves, or other forms of local treatment will not give any real permanent relief from skin diseases. Get this fact firmly in your mind, and there is hope for you.

If you have ever been afflicted with eczema, tetter, boils, eruptions, or other similar skin irritations you can appreciate the real terrifying discomfort comes from these disorders. And what you are looking for is not merely temporary, palliative relief that may cause the terrible burning and itching to abate for awhile, but real genuine relief that shakes off the shackles of the disease, and restores the skin to its former healthy condition. But your eczema, tetter, boils, pimples, ache, scaly skin eruptions, and burning fiery irritations that cause so much discomfort by their terrifying itching, come from a tiny dis ease germ in your blood, which multiplies by the millions. These germs find some weak spot where they, can break through the skin and set up ROSS' FRIENDS SAYS HE WILL DEFEAT ELLIS Wrestling and Boxing Bouts at Auditorium Attracting More Attention Than Usual The advance sale of seats for the auditorium events Friday night indicate that the biggest crowd of the season will witness the wrestling match between Jack Ross-and "Kid" Ellis and the boxing bout between John Henderson and Clarence Johnson. Much interest is already being manifested in the attraction although it is two days off.

Ross and Ellis haye both arrived in the city and have started a short but extensive training period. These two wrestlers realize that they must hustle to decision and are not going to be unprepared. Ross seems to be the favorite nad he has received considerable encouragement since arriving in "Kid" Ellis, who hails from Goldsboro, has shown plenty of ability on the mat and his friends are confident he will give a good account of himself. The boxing bout is attracting just as much if not more interest. Johnson and Henderson, although of unknown quantity, have a large number of admirers who say the fighters will show more class than any other glove artists who have performed before Raleigh audiences.

The two boxers know the game better than Woods and have been in many battles while doing service for Uncle Sam. Because of the expected large crowd the, extra promoters have 'arranged a few ringside seats but buyers are requested to purchase their tickets early. Ringside seats sell for $1 while the general admission is 50 cents. Ladies are free. Tickets are being sold at the Carolina Cigar Store on Fayetteville Agent.) SCOTTISH RITE MASONS MEET IN WILMINGTON Notices have been received in Raleigh of a reunion of Scottish Rite bodies in Wilmington.

A large number of Scottish Rite Masons and candidates of this seetion will attend. The notice is as follows: The Co-ordinate Bodies of the Ancient and Accepted Scottish Rite of Freemasonry of the valley of Wilmington, Orient of North' Carolina, fraternally invite you to be present at their reunion to be held Tuesday, Wednesday and Thursday, November 18, 19, and 20, 1919, at which time the degrees will be conferred from the Fourth to the Thirty-second, inclusive." Atlantic City Selected. Charleston, S. Nov. the meeting of the Atlantic Deeper Waterways Association here tonight, Atlantic City was chosen as the next place of meeting.

The 1920 convention will probably be held the second week in October. A committee on nomination was appointed to suggest officers for the ensuing term. HARD-SURFACE ROAD WINSTON TO Highway Commission Calls Meeting; $70,000 For New Hotel Site Winston Salem, Nov. E. T.

Mickey, of the Forsyth highway commission, announced that a meeting of all interested parties would be called at an early date to discuss and act upon the proposition of constructing a hard service system -county highways, the most important one to bel considered at this conference being the road between Winston-Salem and Greensboro, The proposition has already been endorsed by the board of trade and rotary club. A deed was today recorded conveying the W. T. Brown home place, corner of Fifth, and Cherry streets the shareholders of the new million dollar hotel to be built here. The consideration, Jesse $70,000.

F. Grubbs died last night at his home here at the age of 91 years. COMMUNICATION BETWEEN AIR SHIP AND GROUND STATION Nuernberg, Germany, Oct. is claimed to be a new record for communication by wireless between a ground station and an airship was recently established here when a military wireless operator exchanged messages from a specially construeted with the new Zeppelin "Bodensee," which was sailing at a high altitude 84 miles away. PROBABLY IT'S WORMS Most children have lack sometimes.

Sypmtoms are worms, restlessness of color, at peevishness, night, Dr. Thacher's will Worm Syrup go after and get the worms, if worms are there. Harmless; children love it. Old doctor's in use half a prescription century. At your drug store.

Made by THACHER Chattanooga, MEDICINE CO. U. S. A. HAVE YOU GOUT RHEUMATISM DE SCIATICA? Stop the Pain--relieve the agony.

Use this simple, effective remedy. All druggists. E. FOUGERA Inc. 90 Beekman N.

Y. EADES PILLS Mare Ria U.S. Pat.Or Tues Man Res U.S. Pas Phs R24 U.S. MALE U.S.

PO This registered trade-mark is indelibly stamped in the and of every board of true Cypress. Leok for It. CYPRESS I "The Eternal" Wood Next. time you have to patch the back steps, where the water drips. down and rots 'em out, tell the man: "Cypress, the 'Wood Eternal' and, no fooling!" (Why not abolish the repair jobs this way? Make each one the last repair job in just that spot.) You remember what the poet Pinkleburg said who looks before he leaps, builds of Cypress and builds for keeps." (No wonder he became immortal.) Have you written for those books yet? Or Vol.

Let our 'ALL-ROUND HELPS DEPARTMENT" help YOU. Our entire resources are at your service with Reliable Counsel. We invite correspondence with a serious purpose in it. 'Southern Cypress Manufacturers' Ass'n 179 Hibernia Bank Building. New Orleans, or Heard National Jacksonville, Fla.

INSIST THAT YOUR LOCAL LUMBERMAN FURNISH YOU TRUE "TIDEWATER" CYPRESS IDENTIFIED BY CYPRESS ASSOCIATION'S REGISTERED MARK. IF IN DOUBT, WRITE US. This registered is indelibly stamped in theend of every board of true "'Tidewater' 'Cypress, Take no other, REG U.S. Fran Mars Rte U.S. Pa.

Mars Rae U.S. Per Oma TaM Mass Res 01.5. MAKE FULL USE OF THIS BANK We want active Checking Accounts and also Private of Firms, Individuals and Corporations. We want them to use every department whenever able to do so. Our Drafts payable everywhere, American Bankers' Money Orders, Letters of Credit, Travelers' Cheques -Collection and Discount Departments, are all at your service.

MAY WE SERVE YOU? Citizens National Bank "SERVICE WITH SAFETY" CENTRALIA POLICE CHIEF IS NORTH CAROLINIAN Chief of Police A. C. Hughes, of Centralia, who figures in news telling of the I. W. W.

disdispatches orders there Tuesday on Armistice Day. is a North Carolinian, uncle of Mrs. Ca R. Hudson, of Raleigh. His mother, Mrs.

M. J. Hughes, now lives in Cedar Grove, Orange county. Mr. Hughes' father ran the old Hughes Academy, celebrated in Orange county's educational history.

A Home Made Gray Hair Remedy You Can Make a Better Gray Hair Than You Can Buy. Gray, or faded is not only unbecoming, but unnecessary. Anyone prepare mixture at home that will darken gray hair, and make it soft and glossy. To a halfpint of water add 1 ounce of bay rum, a small box of Barbo Compound and ounce of glycerine. These ingredients can be bought at any drug store at very little cost, or the druggist will put it up for you.

Apply to the hair twice a week until the desired shade is obtained. This will make a gray-haired person look 20 years younger. It is easy to use, does not color the scalp, is not sticky or greasy and does not rub and Spat Pumps Every well dressed woman realizes the importance of the spat as the finishing touch of fashionable dress. To be smart the spat must be faultless in fit, form and workmanship. Such are the new spats we have just received, in all the prevailing colors, heights and styles.

We suggest they be worn with our Spat Pumps. Burners Crocker N.CA their attack, and if you have ever had any form of these skin disorders, you know what real torture is. Follow the teachings of stience, and you will learn that the skin is fed by the, blood, and naturally, then, the condition of your skin will depend upon the condition of your blood. If the blood becomes infested with millions of tiny disease' germs that attack the skin, then the fiery irritation and intense itching will remain with you until these' germs are attacked at their source and removed from the blood. Genumne relief, therefore, can only be expected from a treatment that goes right to the seat of the trouble, and strikes at its cause.

Such a remedy is S. S. the reliable old blood purifier that kills the germs of disease, and sends a new supply of rich red blood coursing through the veins. S. S.

S. has been used successfully in some of the worst cases of eczema and other skin disorders, and it can be relied upon to cleanse the blood thoroughly of the germs which cause these complaints. S. S. S.

is also a tonic and system-builder, and it builds up and adds new vigor to the whole system. Go to your drug store and get a bottle of S. S. S. today, and begin the right treatment for skin diseases.

Then if you feel that your case requires special medical advice, you can obtain same without cost, by writing to Chief Medical Adviser, 152 Swift Laboratory, Atlanta, Ga. Getting Strength From Wealth turns the Your Clock Food Getting strength from your food is a mascular process dependent upon nerve power. It is not common to associate stomach weakness with a spinal condition, but that is because people do not stop to think that the stomach nerves must come from the spine as do all the nerves of the body. Stomach weakness is nerve weakness readily- corrected at the spine by adjustments removing the pressure of spinal joints upon the stomach nerves at their point of exit from the spine. NO CHARGE There is 110 charge for consultation and it places you under no.

obligation whatever. Dr. F. T. HOFF CHIROPRACTOR 215-15-17-19 Commercial IRK.

Natl Bank 5A.M. Building HOURS Bell Alone 830 YOUR SPINE ANALYZED FREE LADY ATTENDANT.

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