The Index-Journal from Greenwood, South Carolina • Page 3

AUGUST 10, 1932. a THE INDEX-JOURNAL, GREENWOOD, S. C. PAGE THREE BRIEF CITY NEWS F. Watkins, whose farm mile below South Greenwood, has the distinction of reporting the first cotton.

boll of the season. The boll was taken from a 10-acre field in which the fleecy staple! is said to be opening rapidly. If the hot. dry weather continues it is expected picking will begin at an early date. Death of Pierce Butter First Open Cotton Boll Pierce Butler, aged 37, died yesterday afternoon at 5 o'clock at the Newberry County Hospital.

Funeral services were conducted at Good Hope church, Saluda county, this afternoon. Besides his widow, who Miss Carabel Block of Saluda county, he is survived by five children and one sister, Mrs. J. D. Proctor of Greenwood, and mother, Mrs.

Mattie Butler of Greenwood. Howard 1 B. Ellis in charge. Ware Shoals Adds Night Shift The Ware Shoals: Manufacturing company at Ware Shoals, in Greenwood county, has recently added a night shift, giving employment to hundreds in that community who have been idle for several weeks, says the Anderson Mail. Extra orders received for goods manufactured by the company is understood to have been the cause for placing a night shift on duty.

The exact number of hours the mill is being operated each week could not be learned here, but it is understood that the plant is gradually approaching capacity operation. C. G. Fuller Elected Barnwell Mayor Friends here of C. G.

Fuller, head of the C. G. Fuller Construction Company, will be interested in the news that he was elected mayor of Barnwell in the primaries held yesterday. Mr. Fuller owns and erates an aeroplane and is said to be the only mayor in the United States who has this distinction.

In the election yesterday he defeated W. D. Harley by a 5 to 1 majority. Mayor -elect Fuller, who is also president of the Bank of Barnwell and I a highway contractor, purchased a plane and learned to fly last fall. Since that time he has made many cross country flights and has several hundred hours in the air to his credit.

He plans to enter the cross country cord trophy flight the latter part of this month. Political Speaking At Algary School T. D. Burton announces a ty political speaking at Algary school Saturday morning, August 20th, beginning at 10:30 o'clock. He states that arrangements for the meeting have been made with Couty Cahirman C.

A. Mays and all the candidates. On the night of August 20th the candidates will appear in an official meeting at Ware Shoals. Swimming Party and Picnic Miss Brown's Sunday School class of Main Street Methodist church will have a swimming party and picnic at Thompson's pool Thursday afternoon. members of class are asked to meet at the church between 6 and 6:30 o'clock.

Next County Meetings at Ninety Six The next county political paign meetings will be held at Ninety Six Saturday afternoon and evening. The candidates will speak from a platform in the grove in front of the post office Saturday afternoon, beginning at 2:30 o'clock, and at the Ninety Six Mill in the evening, beginning at 7:30 o'clock. Following the afternoon meeting ladies of the Ninety Six Baptist church will serve a hash barbecue supper. Red Men Meeting Osceola Tribe No. 152 will meet tomorrow night at o'clock.

All members are requested to be present. Greenwood Netmen Meet. Newberry Barksdale court club will offer their tennis champions, Bill Boyd, Henry Hartzog, Plug Lawrence and John Lander in competition with Newberry's titleholders here tomorrOW starting at three o'cicok. The play will be on two courts simultaneously, Giles' court on Marshall road and Barksdale court on East Cambridge street being the scene of the encounter. WASHINGTON DAY LIMIT $7 ROUND TRIP SUNDAY-AUG.

14TH Reduced Round Trip Pullman Fares $9.00 LOWER BERTH $7.20 UPPER BERTH SPECIAL RATES AT CONTINENTAL HOTEL $3 Day Including Meals and Room With Bath $1.25 Day Room and Bath Without Meals. Tickets On Sale Sunday Aug. 14th, Return Limit to Leave Washington Not Later Than 6.40 P. M. Ang.

90th. MAKE RESERVATIONS NOW SEABOARD AIR LINE RAILWAY Jap Says He Did Not Question Stimson WASHINGTON. Aug, 10. 4P) Ambassador Debuchi of Japan spent almost an hour discussing the Manchurian, question with Secretary Stimson today but told newspapermen when he left that he had not asked the secretary for an explanation of his speech on the Kellogg-Briand peace pact in New York Monday night and that he had not been instructed by his government to do so. The ambassador declined to say, however, whether the secretary had taken up of his own volition the matters discussed in his speech.

Dispatches from Tokyo have said Debuchi has been instructed to seek an explanation of portions of the Stimson speech relating to the Sino-Japanese, developments. Debuchi said he had called on the secretary to tell him goodbye preparatory to his forthcoming visit to Japan. He reiterated bis recent assertions that he had received no intimation that he was not to reutrn to this country a ambassador. "I expect to be back before Christmas," he added. Debuchi said he and Stimson had covered the general Manchurian situation.

NEW ORLEANS SPOTS NEW ORLEANS, Aug. Spot cotton closed steady 14 points up. Sales low middling 6.59; middling 7.04; good middling 7.39; receipts stock 904,716. COTTONSEED OIL NEW YORK, Aug. tonseed oil closed steady; summer yellow 4.35; prime crude, September 4.42; October 4.43; November 4.45; December 4.55; January 4.60; March 4.70.

Sales 79 contracts. LIVERPOOL SPOTS LIVERPOOL, Aug. 10. -(P)-Cotton 7.000, including 400 American. Spot better demand, improved business done; prices five points lower.

Quotations in pence: American strict good middling 5.77; good midding 5.52; strict middling 5.32; middling 5.22; strict low middling 5.17; low middling 5.07; strict good ordinary 4.87; good ordinary 4.57. Futures closed firm. Oct. 5.22; Dec. 5.27; Jan.

5.30; Mch. 5.36; May 5.42; July 5.47. DRY GOODS MARKET NEW YORK, Aug. 10-(P)-Cotton goods held firm today and business continued steady. Demand for rayon yarns increased.

Silk goods sold well to cutters. A number of' men's wear mills are sold up for a few weeks ahead. Women's wear worsteds are selling more freely. Burlaps are firmed and spost are advancing. SUGAR MARKET -NEW YORK, Aug.

sugar was firmer again today. The general market at midday was 1-2 to 1 points net higher. Minister Faces Arraignment For Murder Of Wife MUSKOGEE, Aug. 10. -(P) -Facing arraignment on a charge of murdering his first wife by poisoning her, the Rev.

S. A. Berrie, 52- year-old song writing pastor, turned his attention today' from composition of a new hymn to raising money. He sold his Bethel tabernacle, to he led a group of his followwhich after being ousted as pastor of the Cumberland Presbyterian church several months ago, and began negotiations to borrow on his life insurance. The frame tabernackle brought only $75 Deserted by members of his flock, the handsome preacher was visited by his 19-year-old bride of two months as often as the authorities would permit.

Love lyrics which he allegedly penned to the attractive young Sunday school teacher he married less than two months after the death last March' 21, of the first Mrs. Berrie, were. introduced at the grand jury hearing. Alben W. Barkley Sweeps To Victory LOUISVILLE, Aug.

10. -U. S. Senator Alben. W.

Barkley has won sweeping victory for democratic re- nomination. With. four-fifths of Kentucky's precincts counted today, he had 107,193 votes to 46,506 for former Senator George B. Martin, STOCKS NEW YORK STOCKS NOW Is The TIME To Buy SILVER The silver market is ing up and we expect to seeNEW ADVANCE PRICES ANY DAY Buy your silver needs now and take advantage of the lowest prices in history. OREGON JEWELRY COMPANY The Shop of Beautiful Gifts.

'EAT IN AMERICAN STYLE All American Dishes Short Orders-Sand. wiches- Quick Lunches Bus Terminal Cafe ONE-HALF the world does not know how the other half is getting on. But the little Index-Journal Want Ads bring both halves together for their mutual benefit. trAd ASHEVILLE FAST SCHEDULES SHORT ROUTES. LOW FARES planning trip to one these cities, remember these three facts it's cooler, more convenient, more enjoyable going by A Atlantic direct Grey.

hound bus. Same fast, service to intermediate points all parts of America. No waiting for special excursions every day is bargain day. One Round Way Trip Asheville 4.10 6.60 Augusta 1.85 2.80 Columbia 2.25 3.40 Knoxville 7.00 10.300 Charleston N. 4.75 7.15 Jacksonville 7.30 11.23 New 19.70 29.55 Pittsburgh.

17.16 26.60 Union Bus Terminal Maxwell Ave. Phone ATLANTIC GREYHOUND Am Can Tel and Tel Am Tobacco "B' Anaconda Atlantic Coast Line 23. Auburn Auto Chrysler Coca Cola 101. Commonwealth So. Dupont De New 40.

Eastman Kodak 53. Gen Elec Gen Foods Gen Motor Int Harvester 31. Johns Manville Montgom Ward 12. N. Y.

Central 24. Param Publix Radio Sears Roebuck Vac St Oil Texas Corp 8 Ind Al Rubber Steel West Un Tel Woolworth 35. CURB Asso Gas and Elec A Cities Service 5. Elec Bond and Share Gulf Refining HITLER'S TROOPS CONCENTRATE FOR DEMANDING PLACE (Continued from page one) last night. on the heels of the publication of yesterday's drastic decree authorizing the death penalty for many acts of disorder.

young Reichsbannerman wAs shot dead at Dillenburg and at Dortmund a communist was mowed down by shots from an automobile. President Von Hindenburg's arrival today was the signal for jockeying for the formation of the new government. The sudden glamor or Nazi newspapers for the controlling power ard the outspoken demand of the official Nazi press agency yesterday that Hitler be named chancellor indicated that feelers put out by the government for a compromise with Hitler had been unavailing. As a result it was expected that Chancellor Von Papen would not be able to present a complete slate for a cabinet to the president but that he would have to resort to long negotiations before any new government can be formed. Alfred Hugenberg's nationalist press said Hitler's forces were in no way hostile Von Papen and that they hoped to use him as foreign minister in their cabinet.

Foreign Minister Baron Von Neurath would be returned to London as ambassador if Hitler were given power, the nationalists said, and Baron Von Gayl, present minister of interior would be given the presidency of East Prussia. Employees Guarantee Cost Rosenwald 7 Million Dollars CHICAGO, Aug. cost Julius Rosenwald, the late. philanthropist, $7,825,000 to guarantee employes of Sears Roebuck and Company against stock market losses in 1929. His benefaction was revealed today when executors of his estate interpreted the action of the Chase National Bank of New York which filed a claim for that amount against his estate.

When values crashed on the New York stock exchange in 1929, Rosenwald told his employes they would not lose money in their counts. He posted 101,359 shares of his comapny's stock as security against having their accounts sold out. Chase National lent the money. Steel Subsidiary Resumes Operation CHICAGO, Aug. The South Chicago plant of the Illinois steel corporation, a U.

S. steel corportion subsidiary, will resume erations tonight after being idle since July 29. It was expected that virtually all of the 6.000 men employed prior to the shut down will be rehired. soon. TREASURY RECEIPTS WASHINGTON, Aug.

receipts for August 8 were expenditures 998.64; balance $511.795,360.89. Customs duties for 8 days of August were $6,291,794.93. MARKETSTODAY Or Frank' Fair Frank Fair, aged 75, well known citizen and plasterer who lived on Maxwell avenue, died at the home of his daughter Tuesday night in Asheville, N. C. He worked among white and colored and had friends among both races.

He, was" one of the few men who organized the Mt. Pisgah A. M. E. church of wood, and during his life, served in the capacity of trustee and other offices of the church for a number of years.

Funeral services will be ducted from Mt. A. M. church Thursday afternoon at 2 o'clock conducted by the pastor, Rev. G.

Williams, assisted by Rev. W. M. Thompson. Surviving are his wife, Eugenia Fair, three children, Ella, Helen, Zolean and five grandchildren.

The following will serve as active pall bearers: L. C. Waller, L. T. Lomax, Gibbs Wilson, James Tatum and Jake Edwards.

Honorary: The officers of the Trustee and Steward Boards. Interment in Saveall cemetery. Percival Funeral Home in charge. Will Invite Senate Candidates Tom Dorn, executive committeeman at the Greenwood Mill, will invite the candidates for the United States senate to speak there tomorrow night at eight o'clock. If the nivitation is accepted the public will be invted to attend.

Last Home Game For Mathews Mathews Mill will meet Ninety Six Saturday at the Fair Grounds in the last home game of the season under the direction of Bill Boyd who is guiding the team in a perate struggle for the second half. A rejuvenated team will take the field against Ninety Six and they are determined to win the rest of the games, which will put them in a tie with Greenwood Mill or Ware Shoals. Ware Shoals and Greenwood Mill will be fighting it out at Ware Shoals, and this will be a crucial game for both teams as it will determine who will rest in first place. Don't forget the game at the Fair Grounds Saturday at 4 o'clock between Ninety Six and Mathews. Free Tuition for Ministerial Students Ministerial students and ordained ministers will be able to attend Furman university the coming fall without paying the usual tuition fee, the board of trustees of the school announces.

The trustees stated that "in view of the depression and special difficulties of ministerial students and the gradual decline from ministerial aid as provded by the Baptst denomination through Secretary Dr. Charles E. Jones, the Furman board. of trustees have decided to give free tuition to ministerial students and ordained ministers of all denomnations of all states, who are properly credited and who maintain satisfactory standards of conduct and academic work." Dr. W.

J. McGlothlin, president of Furman, stated that he believed the move would enable many worthy students, unable to attend on account of financial difficulties, to register at Furman and receive an education. Wall Street Looks To Results From Important Moves NEW YORK, Aug. 10 Wall Street looks for important developments this week from the series of railroad conferences, beginning today, of leading executives to discuss the proposed $3000,000,000 expenditures for rehabilitation of freight equipment, through funds supplied by the reconstruction finance corporation. While there is keen interest in the decision on repair expenditures, far more significance is attacked to the outcome of tomorrow's conference called to consider proposals to reduce further the wages of the unnionized employes.

The unions accepted a 100 per cent cut early this year, but the railroad managements are now said to feel that another reduction is imperative in view of the continued slump in earnings. The third meeting of the week will take place on Friday, when presidents of the eastern trunk lines to continue their study of the interstate commerce commission's approval of the four--system tions. BUSINESS HAS TURNED THE CORNER The American dollar is more inflated today than perhaps anything in the world. Our people are bullish on Stocks, Cotton, Wheat and Corn. INSTANT SERVICE INSTANT SERVICE ON BUYING ON SELLING BARRETT, SLACK COMPANY Members New York and New Orleans Cotton Exchanges.

G. G. Dowling, Manager Telephone No. 39. Sixth Floor Central Union Building.

BRINGING UP FATHER -By George McManus HIT THAT DINNER SOAK IT. I'M FER THE LOVE THE GANG THOUGHT BOY! THIS STAG CA IS A BIG GONG AS LOUD 45 HUNGRY OF MIKE! WHAT THAT GONG WUZ SUCCESS. NOW WELL FEED THE YOU KIN SO THEYLL MESELF. HAPPENED? THE PATROL GANG. THEN YOU KIN MAKE HEAR IT.

WACON AN THEY POLITICAL SPEECH ALL ALL JUMPED OUT ILL GIT THEIR PROMISES TO VOTE FER THE WINDOW. FINE! BUT GIT THE EATS GOIN Inc. Greet COTTON NEW YORK, Aug. futures opened barely steady, 6 to, 8 points decline in response to lower Liverpool cables and under foreign and southern selling, with Wall street on the buying side. Oct.

6.90: Dec 7.07; Jan 7.14; Mch 7.31; May 7.45; Jul 7.57. The weekly weather report received a bullish interpretation and there was a renewal of active eral buying after its publication. December sold up to 7.37 or 22 points net higher and within 3 point of Monday's high, while some later months made new, high ground for the movement. The weather report said dampness and frequency of rain had caused a vival of weevil activity in eastern and. central southern portions of the belt and that lack of sufficient rainfall in the west was being increasingly felt.

with shedding reported from many dry areas. The initial offerings were, readily and the market steadied on continuance of Wall Street deabsorbed mand, and trade and commission buying. December, which had off to 7.07 rallied to 7.17, or 2 house points above yesterday's close. The general market ruled about net unchanged to 3 points higher at the end of the first half hour. Buying was encouraged by rallies from an irregular opening of the stock market.

Offerings were comparatively light after the early selling had run its course. Liverpol cables attributed the decline three to local and foreign liquidation and selling on the unfavorable labor situation in Manchester. Futures closed barely steady; 17- 19 higher; Oct 7.14-15: Dec 7.32-33; Jan 7.40; Mch 7.56; May 7.69; July 7.81. Spot middling 7.15. NEW YORK FUTURES New York, Aug.

10. Open High 6.90 7.27 7.07 7.44 7.14 7.52 7.31 7.69 7.45 7.80 7.57 7.92 Pre Low Close Close 6.88 7.14-15 6.97 7.06 7.32-33 7.15 7.14 7.40 7.22 9.29 7.50 7.37 7.44 7.6 7.51 7.56 7.82 7.63 NEW ORLEANS COTTON NEW ORLEANS, Aug, The cotton market opened easier but decidedly active today. Liverpool cables were much lower than due and first trades here showed losses of six points on October and 12 points on December. Prices continued to ease off after the start owing to considerable hedge selling and also profit taking, October dropped to 6.89 and December to 7.04, or 9 to 12 points below yesterday's close. As the stock market rallied after an easier opening and as there was a trade demand for contracts, the market SOOn started to rally and near the end of the first hour prices showed a recovery from the lows of.

7 to 9 points which brought the price level back to a net decline from yesterday's close of only 2 to points. The market was very active all morning and prices rallied a little over $1.50 a bale from the carly lows. The advance was started early in the second hour by a rather bullish weekly crop summary by the government. This influence was soon helped by a sharp rally in stocks which stimulated active trade and investment buying as well as short covering. October advanced to 7.20 and December to 7.37, or 31 to 33 points GRAIN By JOHN JP.

BOUGHAN CHICAGO, Aug. -Wheat jumped more than 2 cents a bushel in the late dealings today. The market taking its cue chiefly from action of New York stocks. The east was credited with having absorbed the pit surplus of wheat, and trade develpoed into a big affair, with buying )general and heavy. Intimations were beard of good export demand for United States hard winter wheat.

Wheat closed unsettled, 1 1-4-1 7-8 above yesterday's finish, corn at 1-4-1-2 decline, oats unchanged to 1-4-3-8 higher, and provisions unchanged to a rise of 10 cents. GRAIN AND PROVISIONS Chicago, Aug. 1 10. Pre Open High Low Close Close WHEATSep old Sept. new Dec May CORNSep Dec May 39 LIVESTOCK CHICAGO, Aug.

S. Dept Agr.) -Hogs 16,000, including 4,000 direct; active, strong to 10 higher; 180-220 lbs 4.85-5.00; top 5.00; 230-260 lbs 4.55-85; 270-325 lbs 4.20-55; 140-170 lbs 4.60-85; pigs 4.00-35; packing sows 3.35-4.15; 160 lbs 4.55-85: 160-200 lbs 4.70- 5.05; 200-250 lbs 4.60-5.05: 250-350 lbs 4.10-75; pigs 100-130 lbs 3.85- 4.60. Cattle: calves few loads strictly choice fed steers steady but bulk good to choice offerings weak to 25 lower; such kinds predominating in run; light heifer and mixed yearling mostly steady; comparatively little she stock in run, mostly top steers 9.75 on medium weights; 9.60 on heavles; yearlings 9.50; little in run of value to sell at 8.00 downward. Slaughter cattle and vealers. steers lbs 7.50-9.50;- 900-1100 lbs 7.50-9.50; 1100-1300 lbs 7.75-9.75; 1300-1500 lbs 7.75-9.85; heifers 550- 850 lbs 6.90-8.25; cows 3.50-5.50; cows 3.50-5.50; bulls (yearlings excluded) (beef) 3.60-4.75; vealers (milk fed) 6.50-7.50; stocker and feeder cattle, steers 500-1050 lbs 5.25-6.25.

7 Sheep mostly steady to strong; choice lambs 15.25 higher in instances; good to choice tives 5.50-6.00 to packers; few 6.25 to outsiders; choice rangers 5.90; plain Oregons 5.25: lambs 90 lbs down 5.25-6.25; ewes 90-150 lbs medium to choice 1.50-2.50; feeding lambs 50-75 lbs 4.50-75. above early lows. Near midsession the market was still firm the and only two points under the highs. The market quieted down some in the late trading and prices reacted on profit taking, and some hedge selling, easing off 10 to 12 points from the top. The close was steady showing net advances for the day of 14 to 19 points.

NEW ORLEANS FUTURES New Orleans, Aug. 10. Pre High Low Close 7.26 6.89 7.14 7.43 7.04 7.30-31 7.47 7.19 7.37 7.64 7.25 7.52 7.76 7.40 7.66 7.82 7.50 7.76 STOCKS By CLAUDE A. JAGGER Associated Press' Financial Editor NEW Aug. bull movement in stocks rolled forward under the leadership of the rails today, developing express.

train speed. By early afternoon, advances ranged from 1. to more than points in a wide assortment of issues. Midweek business statistics. were a shade less favorable than a week ago, but speculators were, obviously willing to believe that the current lull in industry would give way to a substantial upturn in autumn.

The list dipped -a -point or two at the start, but quickly turned upward. Norfolk and Western advanced more than 6, and issues up' 3 to.5 included New York Central, Union Pacifio Santa Fe, "Delaware and Hudson despite its divided cut, U. S. Steel common and preferred, American Can, American Telephone, International Harvester, Allied Chemical, Johns Manville, Consolidated Gas, and others. Case made an exceptional advance of more than 8.

Fresh buying from abroad was reported in the carrier issues. Railway bonds also forged ahead. Roads thus far reporting freight movement for the week ended Aug. 6, however, failed to indicate any pickup. New York Central's loadings were 33,102 cars, against 34,4 390 in the previous: week, and Pennsylvania's, 73,983, as reduced from 77,209 in the previous week.

Delaware and Hudson Co. reduced its annual dividend rate to $6 from $9 a share, leaving the Chesapeake and Ohio the only prominent rail issue on which the dividend has not been cut. The weekly report of electric power production, now regarded as one of the principal barometers of business activity, was a little diskilowatt hours week endappointing showing, 1,426.986,000 ing Aug. 6, against 1.440,386,000 in the previous week. The reduction from last year was 13.1 percent, against 12.4 percent in the previous week.

The ability of the, general list to forge ahead again without real reaction in yesterday's faltering was evidently impressive to bears. Eastman cut its annual dividend to $3 from $5, a somewhat larger reduction than expected. The turnover approximated 500,000 shares. Total sales 4,429,390. Oct.

Dec. Jan Mar. May July GOVERNMENT BONDS NEW YORK, Aug. Gov- ernment bonds: Lib 3 1-2s 32-47: 101. Lib 1st 4 1-48 32-47; 101.14.

Lib 4th 4.1-4s 33-38; 102.30. Treas 4 1-4s 47-2; 107.6. Treas 4 (44-54; 104.11. Treas 3 3-4s 46-56 102.2. Treas 3 3-8s 40-43; 100.18.

Treas 3 3-8s 43-47; Treas 3 3-8s 41-43; Mch 100.24. Treas 3s 51-55; 98. CASH GRAIN Oct. Dec. Jan Mar.

May Open 6.89 7.06 7.10 7.27 7.40 7.50 Close 6.98 7.15 7.22 7.34 7.47 7.59 CHICAGO, Aug. (P) Wheat No. 2 red 56; No. 1 hard 57 1-2; No. 2 hard 56-57; No.

3 hard weevily 55 1-2; No. 2 yellow hard 56; Nov. 3 mixed 55 1-2; corn, No. 2 mixed 33 3-4; No. 1 yellow 33 -4: oats, No.

2 white 19-91 1-2; No. white 17 3- 4 a 19; barley 28 a 36; timothy seed 2.15 a 40; clover 7.00 a 11.75; lard 5.20; ribs 6.75; bellies 6.75..