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© DISPATCHES »
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VOLUME XXIV
$290,000 Mark Passed
In Battle For Hotel
*_ a..
At Noon Luncheon Salesmen
Reported That Hotel Stock
Worth $290,300 Had Been
Sold So Far.
$16,200 REPORTED
AT THE LUNCHEON
E. L. Hicks’ Team Made the
Largest Sales and Got the
Goat of Others—Workers
Still Optimistic.
************
1 Sifl.COO REPORTED *
* IN HOTEL CAMPAIGN *
* -> *
* The total subscription* for Con- *
* cord’s new hotel at noon were *
* $200,300, the salesmen in the earn- *
* paign having sold $10,200 worth of *-
* stock since noon Wednesday. *
* The four divisions announced *
* sales amounting to $12,700 and *
* the executive committee announced *
* sales amounting to $,‘1,500. *
* The grand total yesterday was *
* $274,M00. *
* The goal is $375,000. *
* *
* ******* ***
All pepped up over the sale of stock
word $21,800 Tuesday afternoon and
Wednesday morning, salesmen in the ho
tel campaign here renewed their efforts
Wednesday afternoon and this morning,
confident that when the list of proposed'
stockholders has been canvassed, the ho
tel will be a reality.
At the Wednesday meeting there was
much more pep and enthusiasm than was
shown Tuesday. There was a feeling
in evidence Tuesday that most of the
money available had been secured, but
tliis feeling had entirely disappeared
Wednesday for the salesmen hud been
shown that there ib still money to be
secured if they can get the prospects
right.
The announcement that C. W. Johns
ton, of Charlotte, had taken $5,000 worth
of stock seemed to stir every one up.
There was a feeling in evidence that if
a Charlotte man thought e’fiough of the
proposition to invest $5,000 there were
enough Concord people to put* the project
over.
cord but in Cabarrus county had taken
stock in the hotel. They subscribed to
the stock, it was said, because they want
ed a good investment for their money and
at the sanie time wanted to do all they
could to build up Concord.
The reading of the figures showing
that $274,100 had been pledged on the
hotel at. _j»oon Wednesday means that
about SIOO,OOO is still needed to give the
city a now hotel completely furnished.
The hotel 1 building can be erected for a
sum less than the total sought but it
cannot he furnished. That is the chief
reason the executive committee has seg
as its goal $375,000.
“While ,we are raising the money "-for
the hotel we might as well raise enough
to keep the building free from mortgage
if we can.” explained one member of the
committee. “We can erect the building
with the money we now have on Hand,
but the present sum will not allow us
enough to equip the building. The
equipment is necessary, of course, and
unless we raise the money in the cam
paign we will have to put a mortgage
on the property to secure funds for the
equipment. That is the reason we are
going to carry this campaign to the
$375,000 goal.”
The canvassers report that they have
found only a very few instances where
indifference to the proposition has been
shown by persons with whom they talked.
Everyone approached has not taken stock
in the hotel company, it is true, but in
practically every instance the salesmen
have been turned down because of lack
of funds.
“This demonstrates that the city is
solidly behind the proposition,” one can
vasser stated. “We heard only a few
persons talk ns though they don’t care
whether the hotel is built. The people
want the hotel and where they can do
so. most of the people we have seen are
giving something.”
The luncheon today was held at 1
o’elock instead of 12:15, the regular time.
The funeral of John P. Allison was held
at 11 o'clock,and as many of the sales
men wanted to attend the funeral serv
ices the luncheon hour was postponed
45 minutes.
The attendance at the luncheons has
been excellent when it is considered that
all of the canvassers are business men.
More than 85 ner cent, of the salesmen
and leaders have been present at each of
( the luncheons and the attendance of the
executive committee has been about 00
per cent, of normal.
When reports were read by the sales
men at the luncheon today and it was
learned that the $200,000 mark had been
passed there was general rejoicing among
the workers. i
The total reported at Jthe luncheon was
$16,200, of which amount $12,700 was
sold by the group members and $3,500
by the executive committee members.
Two new members added to the “super
peptimist club,” these being O. W. Byrd
and E. L. Hicks. To become a member
of this club a/Salesman must sell $2,000
worth of stock.
"We Are It” banners were won by
Hinton McLeod's team In Division “A”
and C. W. Byrd’s team in Division “B” ;
E. L. Hicks’ team in “Division “C” and
J. Y. Pharr’s team in Division “D”.
Mr. Hicks’ team got the goat by turn
ing in subscriptions worth $£,400.
Winter golf is on, and both amateurs
and professionals from Ifflr nurthland
I
The Concord Daily Tribune
♦ _
1 FARMER KILLS WIFE
AND THEN HIMSELF
Raymond Jackson Killed His
Wife as She Lay in Bed
and Then Took His Own
life.
(By the Associated Pre*s.t
! Kinston, N. C.. Nov. 13. —Raymond
, Jackson, aged 35. white farmer living
’ four miles north of Kinston, early this
morning shot to death his wife. Mrs.
Mary Casey Jackson, aged 28, as she lay
. asleep in bed. He then turned the wea
; pon, a shot gun. to his own head. - and
f killed himself. Mr. and Mrs. Jackson are
i survived by four smill children, the .old
est a boy of nine.
Detnils of the fatal double shooting
were lAeager, there being no eye witness
es. The oldest boy., however, told offi
cials who were later called to the scene,
that it was shortly after four o’clock
this morning when he heard his father
call to his mother, and when she failed
to answer, heard his father say: “You
won’t answer them, will you?" The boy
stated that he then heard the report of
a gun, but. fearing that his father would
do him harm he remained in bed.
A few minutes later, he said, he heard
.another shot and then heard his father
groaning. The boy then dropped off to
sleep and was awakened by a neighbor at
6 o’clock who came to see about some to
bacco. At this hour the boy and neigh
bor went into the room und found the
bodies of the husband and wife.
The heads of Mr. and Mrs. Jackson
were literally blown away, the police
who saw the bodies, said.
It is said that Jackson was a heavy
drinker at times, and according to his
son he was drinking lapt night and had
not been to bed all night long.
Following an inquest at the bed room
this morning the bodies were brought to
Kinston and prepared for burial.
KILLER WHEN ALTO TURNS
OVER NEAR HUNTERSVILLE
C. O. Gannon Loses Life as He Runs
Into a Wagon With No Lights.
four of his employes with him. About
Charlotte, Nov. 12. —C. Oscar Gar
mon, local sheet metal and roofing con
tractor, was killed early tonight near
Huntersville, 20 miles from Charlotte,
when an antomohile he
found still alive by IV. T. Bannister,
ot this city, who picked him up and
hurried toward Charlotte with hiln. The
injured man died before reaching the
city.
Mr. Garmon, a contractor, was re
turning home from Cornelius, bringing
four of hi seinployes with him. About
three miles south of Huntersville, he met
a ear. the light of which are said to
have blinded him and prevented his see
ing a wagon loaded with wood preced
ing him. When lie finally saw the
wagon it was too late to stop, and as
the vehicle was drawing to its left Mr.
Garmon attempted to and did pass it to
the right.
A part of the load, a one inch ash
stick, protruded from the wagon, and
as the automobile went by the stick
crashed through the windshield and into
Mr. Garmon’s left eye, imbedding itself
solidly in his head. The force of the
compact broke the stick and left it in
his skull.
The car, with no hand guiding it,
passed the wagon and careened to the
left into a None of the others,
with the exception of slight scratches,
was injured. They were E. L. Hall and
Raymond Amick and two colored men.
JOHN W. DAVIS PLANS
JOURNEY TO EUROPE
Will Leave In Near Future With His
Wife anil Daughter.
(By the Associated Press.l
New York, Nov. 13.—John W. Davis,
defeated Democratic presidential nomi
nee, will sail for Cherbourg within the
next two weeks, in company with Mrs.
Davis and his daughter. Sirs. William
McMillan Adams, it was announced to
day.
■ Mr. and Mrs. Davis had contemplated
a winter cruise in the Mediterranean,
but they have not yet completed definite
plans for their trip.
Freshmen Invade High School and Trim
Hair of Teachers and Pupils.
Baton Rouge, La., Nov. 12. —liouisiana
State University freshmen, whose heads
were shaved last night by upper class
men invaded the Baton Rouge high school
today and cut the hair of three teacherH
and a number of boy and girl students.
The teachers who lost their locks were
the Misses Ruth Gladney, Cora Droz and
Violet Keller. An attempt was made to
cut the hear of Mrs. B. W. Pegues and
Mrs. Charles Kean, two other instructors,
but both resisted strenuously, Mrs. Pe
gues striking one assailant with the palm
; of her hand.
The freshmen invaded the school dur
’ ing school hours and the boys and girls
were dragged into the halls and into the
1 schoolyard, many of the feminine vic
-1 tims in tears.
* No arrests were made.
The hair of the teachers and the girl
' students was not trimmed in such n
manner as to make it ridiculous, but the
scores of boys who fell into the hands
1 of the invaders were given trims that ne
cessitated visits to barber shops—ail of
[ their hair had to be re-clipped.
/ Death of Dean Emerson.
| (By the Associated Press.)
Atlanta, Ga., Nov. 13. —Dean W, H.
- Emerson, of the Georgia School of Tech
nology, died suddenly this morning at
his home here. He ligd been connected
< with the faculty of the institution since
I 1888. He 1b survived by his wife and two
Austin Emerson, of North Carolina.
CONCORD, N. C„ THURSDAY, NOVEMBER 13, 1924
r FIFTY PERSONS A DAY KILLED BY AUTOS
( r ——- ■ ■ : —“ • \
FffiTV A PAN.
. my A day,
RALPH CHAPMAN ELOPES
WITH ANOTHER’S WIFE
Man and Woman at Spencer Admit
Their Guilt; Held For Olrio Officers
Spencer, Nov. 12— A stranger giving
hie name as Ralph Chapman, and claim
ing Ohio as his home, and a woman
known as Mrs. Annie Hayes, also of
Ohio, are in Rowan county jail await
ing trial oq charge* of elqping from vthnt
* ■«
East Spencer. They are *aid to have
been traced to North Carolina by Will
Hayes, husband of the woman, who
charges that Chapman eloped with his
wife while he was away from home.
When taken in charge by Chief of
Police J. A. Wagstnff, who accompanied
other offieei-s to their stopping place in
East Spencer, the couple admitted their
guilt, according to officers. It is ex
l>eeted that after being tried in the
state courts, they will go. up to the fed
eral court on a charge of white slavery.
Two bright little girls, children of the
woman in the case, are now in the
hands of friends in East Spencer.
MOVES HIS FAMILY BY
OLD-FASHIONED ROUTE
Horse-Drawn Covered Wagon With Do?
Tied Bhend Is Means of Locomotion.
'Spencer, Nov. 12.—Spencer peoplt
were given a glimpse of the old time way
of moving on Tuesday by J. A. Banks,
who was . transferring his family from
the mountains of western North Carolina,
25 miles from Asheville, to a newly
adopted horn near Danville, Va. He
travelled in an old time covered wagon
drayvn by two horses, the wagon being
well loaded with household effect and
food supplies. At the “hind” end of
the wagon was tied the family dog, also
a milk eow which furnished a part of
the food supplies for the company er
route. On a corner of the wagon-bed
was hanging a curry-comb while the
brake lever reached high above the top
of the wagon bows, with a rope reaching
across the top to the driver's seqt. Mr.
Banks stated that he is making 20 miles
per day. that he made it in a week from
Asheville to Spencer, anil hoped to reach
Danville by Sunday. He is a black
smith by trade and has several sons al
most grown who expect o find employ
. ment in Danville.
Buys South Carolina Cattle For Fat
tening.
Statesville, Nov. It—Two carloads
of black Angus cattle were received
here during the past week by L. B. Pat
terson from Yemassee, S. C. They range
from six to 10 months in age and Mr.
Patterson plans to fatten them and put
them on the market as beef cattle next
fall. They were 110 in the shipment!
They are very wild and a large ntnnber
got awav while they yvere being loaded
into trucks. All but three or four have
been recovered- Mr. Patterson bought
them from the Kress plantation, which
is owned by S. K. Kress, the proprietor
of the five and 10 cents stores.
This shipment brings the total num
ber of cattle on the Patterson farm to
241. One more car-load is expected
shortly.
Earnings of Amerijaui Tobacco Co.
(By tlie AMHMrthtefl
Neyv York, Nov. 18.— The earnings re
port of the American Tobacco Company
to the New York Stock Exchange for the
first nine months this year shows net in
come of $12,085,188, with surplus of
$927,026 after preferred nnd common div
idends. Profits and loss surplus was $28,-
773,796. ‘
Ramsay MacDonald May Visit Ansrin.
(By *<>« Associated Press.!
Lbndon, Nov. 13. —Ramsay MacDon
ald is contemplating a visit to America
on a- holiday after-, his hard grind of
pearly a year as Great Britain’s first
labor premier, the Evening Star today
says it understands.
LAST OF EX-GOVERNORS
PASSES IN NORT CAROLINA
Cameron Morrison, Incumbent. Only-
Living Man to Occupy Executive Of
fice.
Raleigh, Nov. 12.—With the death of
William Walton Kitchin at Scotland
Neck on Sunday the last of the ex
governors of North Carolina passed
away. The only living,jnap who ever oe
t>«iwfcd tluv K.dfr -in- this state
is tiie present governor, Cameron Mor
rison.
Three former governors have died
during 'the last four years. They were
former governors Picket, Lock Craig
tnd Kitchin.
Not only have three former governors
died, but three members of tiie supreme
•ourt, three heads of state departments
ind three former department lieflds lmve
lied. They yvere Chief Justice Clark and
Justices Allen nnd Walker; Secretary
of State J. Bryan Grimes; Commission
er of Agriculture W. A. Graham and
Dr. D. H. Hill, secretary of the his
torical commission ami former state
auditor. W. P. Wood, former onairmnti
-if the corporation commission Franklin
D. MjeNeill and former Attorney Gen
eral Gilmer.
JUNIOR AT SALISBURY
MAKE WONDERFUL RECORD
Make Biggest Gain m Membership of
Any Local in the United States.
Salisbury, Nov. 12.—Salisbury Coun
cil No. 26, Junior Order United Ameri
can Mechanics has won quite an honor
by increasing its membership more than
any other <>ouncn in the United States.
A prize offered by the National council
for the local making the biggest gain in
membership will be presented to the
Salisburg council Thursday night of
this week at a public meeting to be
held in the Innis street school audi
torium. The presentation will be made
by National Councilor Joseph R. Turni
son who make a special 'trip here to
honor the Salisbury- council on its great
accomplishment. Other national officers
to be present include National Secretary
James A. Wilmuth and Junior National
Councilor George W. Davis. A number
of state council officers will also be
present. The local criuneil made a gain
of over 500 members during the con
test and now has more than 1,200 on its
roster.
Penney Co., Managers. Meet in Golds
boro.
Goldsboro, Nov. 11.—A number of the
J. C. Penue.v Co., North Carolina man
agers, met here yesterday in conference
with Manager Ross, of the local, store,
nnd enjoyed a business session as well
as an elaborate dinner nt the Kennon
Hotel. All of the visitors were loud in
their praise of the sjdendid openings
the North State storehouse had as well
as the profitable business they are now
enjoying. They also spoke in gloyving
terms of the local store and Us ad
vantageous display space. Among the
visitors were Mr. and Mrs. A. A.
Richards. Wilmington. Mr, and Mrs. L.
E. Terwilliger, Neyv Bern, Mr. and Mrs.
F. E. de. Banerfind. Rooky Mount.
Messrs. Everett Blake and Leweilyn,
Wilson,
cm TIKES
City tax books are now ready.
• pay your taxes this month and save the
- December penalty.
CHAS. N. FIELD,
0-et. City Tax Collector
NEW TYPE OK KEYING
BOAT TO BE PURCHASED
Government Wants I'm ft Tliut Will Fly
From West Coast to Honolulu.
(By the Associated I*irss^)
Washington, Nov. 13.—A contract for
a navnl .flyling boat capable of making
a sustained flight from the west coast to
Honolulu has been signed by thj Bu
reau of Natggl Aeronautics. Specifica
tions wujl for a proven capacity of five
passengers I ,' and a trtii of freight.
The contract was regarded in naval
circles as the first step toward filling a
recognized deficiency in the floor for long
distance maneuvers and if it meets ex
pectations. the new plane will be used
as a model for Ihe organization of a spe
cial fleel auxiliary callable of independ
ent operation 2,500 miles from perma
nent base.
SAY BOOTLEGGERS’ WAR
RESPONSIBLE EOR DEATHS
Louis Rosen, and Adolph Adelsou Found
Dead in Garage Door of Former.
(By the Associated Press. t
Cleveland, 0., Nov. 13.—A bootleggers
war culminating in an ambush early to
day, police declare, brought death to
Louis Rosen, aged 29. of Cleveland, and
his brother-in-law, Adolph Adeloon, aged
29, of Philadelphia, college graduate.
Both were murdered in the doorway of
Rosen's garage at the rear of his home
in a fashionable residential district.
Adelson and his wife came here two
days ago to visit the Rosens and to at
tend a Wedding.
BUTLER PRESIDENT OF
TEXTILE MANUFACTURERS
Boston Man Chosen Head of Association
of Cotton Manufacturers.
(By the Associated Press.)
Boston, Nov. 13.—Morgan Buller, of
Boston, today was elected president of
the National Association of Cotton Man
ufacturers, now in annual session here
to succeed Robert Amory, of Boston, who
has retired after serving since 1922. Mr.
Butler is treasurer of the Butler Mill at
New Bedford, and is the son of William
H. Butler, chairman of the Republican
national committee.
With Our Advertisers.
Melrose flour has long been in favor
with Concord house wives. Sold here
by Cline and Moose.
Tlie City Pressing Club is ready to
give expert cleaning service.
For bargains in youths’ coats, go to C.
Patt Covington.
Sec the new ad of Ot A. Henry's Beau
ty Shop at I’arks-Belk Company.
The pew store of the Concord Furni
ture Company is filled with new goods.
See the new ad. today of K. L. Craven
and son.
The Before Thanksgiving sale at the
Parks-Belk Company starts tomorrow
morning, November 14th.
William Shields Shot in Gang Fight.
(By the Associated Press.)
Chicago, Nov. 13.—William Shields
• was shot and probably fatally wounded
• today on the South Side in what the po
• lice describe as a gang fight which is be
ing investigated, particularly for any
, connection with the slaying of Dion
O’Banniea. Joseph CaryiUa, konwn as
a ganster, is being sought. He, accord
ing to the police, once was aquitted of
a murder charge.
Appointed to Succeed Gen. Lodge.
t II .' the Assorts ted Press.)
Boston, Nov. 13. —William H. Butler.
. lawyer and manufacturer, and chairman
of the Republican national committee,
’ today was appointed by Governor Cox
to succeed the late Henry Cabot Lodge
as United Stales senator from Massa
chusetts. The governor, it was said,
had asserted that Mr. Butler, wiU ac
cept.
SEN. BON THINKS
EXTRN SESSION OF
CONBHESS IS RIGHT
After Calling at White House
Sen. Borah Said in State
ment He Thought Ques
tions Should Be Decided.
SHORT SESSION
TO DO LITTLE
Senator Borah Believes, and
Therefore It Will Be Nec
essary for Extra Session to
Be Called Soon.
I (By the Associate*! Prens.l
W Arlington, Xov. 13.—An extra ses
sion of the new Congress soon after next
March 4th was urged today by Senator
Borah, republican, of Idaho, who declared
he thought farm and railroad measures
as well as the world court projmsal and
perhaps t;jx relief should be taken up at
that time.
Ihe Idaho Senator voiced his opinion
after a call on President Coolidge. but
said the legislative situation was not dis
cussed at their conference. Administra
tion officials close to the President indi
cated yesterday that they had no present
plans for the calling of a special session.
Senator Borah believes that little in
the way of general legislation will be ac
complished at the coming short session,
which is to be devoted largely to work
on appropriations. He regards a delay
unlay until the regular meeting of the
new Congress in December of next year
as unnecessary and unwarranted.
Says New Congress Will Be “Dry.”
M ashiugton, Nov. 13.—Analyzing the
results of the election from a “wet and
dry” viewpoint, Wayne B. Wheeler, gen
eral counsel of the Anti-Saloon league
today declared 320 of the 432 members of
the House endorsed by the drys had been
successful.
“Out of the 33 senators elected, 17
who were re-elected are listed as dry, 1
is outspokenly wet, and two voted for
most enforcement legislation, while all
but two of the thirteen newly-elected sena
tors arc favorable to prohibition enforce
ment. Most of those were fought By the
veto.” . .
SWINDELL SENTENCED ’ ‘
TO SERVE 30 YEARS
Gra.mlfat.lMT of Girl Victim. Who Shot
Swindell in Jail. Draws One to Three
Years.
Elizabeth City. Nov. 12.—Joe Swim
(hfil. convicted of having improper re
lations with a young girl hi re, today
was sentenced in Superior court to
nerve 30 years in the state prison.
.1. D. Parrior, of Wilson, grand
father of the girl in the em-e, who made
his way into the jail here recently and
shot and wounded Swindell so badly lie
probably will be a Cripple for the re
mainder of his life, was sentenced ,to
serve one tothree years!) in the state
prison. Farrioil pleaded guilty. Swindell
was convicted by a jury.
REPORT OF DRY AGENTS
During October 68 Arrests Were Made
in North Carolina by Federal Agents.
(By the Associated Press.l
Salisbury. Nov. 13.—-The report of
Federal Prohibition Director A. B. Col
trane for North Carolina, with headquar
ters in this city for the month of Octo
ber shows 96 stills taken in the state,
with 112.820 gallons of spirits of vari
ous kinds, and 13 automobiles together
with other tilings used in the manufac
ture and disposal of illicit liquors. The
numbers of arrests made was 08. and 141
prosecutions resulted.
Great Selling Even! at Newsom & Mc-
Bride's
The first week of the big sale at New
som & Mcßride's has been largely at
tended by people from the city and
county. You will find still many big
bargains for the second week. Mr. Mc-
Bride wants all to know that he appre
ciates their patronage, and again in a
double ]vage ad. calls their attention to
the savings this sale is offering the buy
ing public. He wants everyone, espe
cially those who have not come, to,
come in this week and meet him person
ally, so that he may show them some of
the wonderful bargains lie has for them.
Firpo Us Outpointed by Charley Weinert.
Newark, N. .T.. Nov. 12.—Charley
Weinert, Newark heavyweight, outpoint
ed Luis Augel Firpo. Argentine heavy
weight in a 12-round no-decision match
in the Newark Armory tonight in the
opinion of newspaper men at the ring
side.
Rain Breaks Drought.
Florence, Ala., Nov. 12.—The first gen
eral rain here since August 4th, began
falling this morning and at 3 o'clock and
continued steadily during the morning
i hours.
STAR THEATRE
TODAY
Pola Negri
—IN—
“MONTMARTE”
; H " An
•
It’s a Paramount—Don’t Miss It
® TODAY’S »
® NEWS
© TODAY «
NO. 267.
mss*" ii
rawiuiimTy
Bf BALTIMORE JURY
! Was Charged With Violating
the Volstead Law by Mak
ing Wines and Cider at
His Home.
OUTCOMEOFTHE
TRIAL IMPORTANT
l Judge In the Case Gave Rul
ing That May Call for
t Changes in Enforcement of
the Law.
«By the Associated Press.)
Baltimore. Nov. 13.—Representative
John I’. Hill, of Baltimore, was acquit
■ fed by a jury in U. S. Court today of vio
! luting the, Volstead law by manufacturing
■ intoxicating wines and eider at his home,
No, 3 West Franklin street.
The fifth and sixth counts of the in
dictment which charged Col. Hill with
maintaining a common nuisance at his
home were dismissed under instructions
from Judge Morris A. Soper, who presid
ed at (lie trial. The trial was the result
of a test case forced by Col. Hill who
maintained the Volstead law gave the '
farmer a right to manufacture cider and
i wine, but withheld from the city man the
■ right to manufacture beer.
Tiie trial brought from Judge Soper the
; opinion that the clause of the Volstead
art defining beverages of more than ono
■ half of one per cent, alcoholic content as
• illegal, did not apply to home made wipes
and eider, provided the product i$ nou
intoxicating “in fact.’’
Judge Soper also indicated by his rul
ings and his charge to the jury that the
burden rested upon the government to
show that such home products were in
tovicating in fact, and a violation of the
law.
THE COTTON MARKET
Opened Steady Today at Decline of From
3 to 8 Points.
(By the Associated Press.)
New York, Nov. 13. —The cotton mar
ket opened steady at a decline of 3 to
8 points today and active months sold 8
to 15 points net lower under overnight,
sSitug orders from fSe Rout IT and focal- ’ "
selling, promoted by relatively easy Liv
erpool cables.
December eased off to 24.18 and Jan
uary to 24.36, but trade buying helped to
absorb the early offerings. The market
rallied to about yesterday’s closing before
(lie end of the first hour on reports of a
firm spot situation in the southwest, and
covering.
Cotton futures opened steady. Dec.
24.30; Jan. 24.47; March 24.75; May
25.02; July 24.75.
HEAVY PUBLIC BUYING
IN STOCK MARKET NOW
Cessation of Heavy Profit Taking Fol
lowed by Burst of Buying.
(By the Associated Press.)
New York, Nov. 13.—Cessation of
heavy profit taking in today's stock mar
ket was followed by another burst of
i heavy public buying which carried more
than two dozen issues to new peak prices
for the year. Trading which started
out in rather moderate fashion soon as
sumed the terrific pace of the last few
days, sales in the first three hours to
talling nearly 1.400,000 shares.
To Discuss World Issues.
New York, Nov. 13.—Speakers of
international reputation will discuss the
economic problems of America and
Eyropo at the forty-fourth annual din
hef of tlie Academy of Political
Science, to be held tomorrow at the
Hotel Astor. The dinner will follow
morning and afternoon sessions, at
which there will be discussions of agri
cultural conditions. General price levels
will be discussed at the afternoon ses
sion. The topics at the dinner wall be
tlie European recovery, the Dawes plan
and tlie inter-allied debts, and their re
lationship to American price levels.
To Investigate ZinovirtTs Letter.
London, Nov. 13 (By the Associated
Press). —The cabinet has appointed a
' cabinet committee to reinvestigate the al
! lleged letter from M. Zinovieff, calling for
increased activities on the part of the
British Communists .according to state
ments in some of the morning newspapers.
| These reports say tlie ministers agreed
tlie matter could not remain in the in
definite position in which it was left by
the late government, and they decided it
| was necessary to establish whether the
letter was genuine or a forgery in order
to reply to the soviet government’s de
mand for an apology.
More than $30,190,035 worth of dia
monds were mined in South Africa alone
| last year. In spite of the fact that
this is three times the amount mined in
' 1922, the sales exceeded the production by
531,175 carats.
, 1 -—■"—■HU .
WHAT SHITTY’S OAT SAYS
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