Newspapers / Wilmington Morning Star (Wilmington, … / Jan. 11, 1923, edition 1 / Page 9
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Aberdeen Man Joins 7 Cotton Co-operatives (Special to the Star) i: A LEIGH, Jan, 10.—E. D, McLean, of Aberdeen, has quit agricultural ex ter-ion service work to become field r, ■: .'dor In the-North Carolina Cotton (powers Cb-operatlve association. Mr. M Lean has been district agent In the 'Li’.e extension service (or, a dozen ivn s and has rendered signal service i: the development of the agricultural 1 e of North Carolina. During his y. ars of faithful and efficient service h. has been in charge.of the central o [Strict and has built up an organiza tion of county agents that has made his ’ifluence far-reaching. Air. McLean did not seek his new po sition, but the association management sought him. Dr. B. W; Kilgore, direc tor of the state extension service, gives h ni up with reluctance, because of his valuable work. Dr. Kilgore speaks in the very highest terms of his ability and predicts that he will be equally successful in his new position. • You have got to make the best of things to get them. TALK To friends or associ ates .vithin a radius of 72 miles on station to station calls after 8:30 p. m. The reduced rate which allows a five minute conversation for 25c plus war tax. The service is quick and clear at Station to station calls cannot be reversed NIGHT For other rates Call Long Distance Dr. Rochelle. Dies Suddenly on Train (Special to the Star) CERRO GORDO, Jan. 10.—Dr. J. W. Rochelle, of Padgett, Onslow county, died suddenly on Atlantic Coast Line passenger train No. 5,1 early Monday morning while en route to Cerro Gordo to administer treatment to a patient with concer. Death occurred near Malmo. Train officials delivered the body to J. D. Rochelle., brother of deceased, who prepared the remains for burial, and accompanied same to the old home in Onslow county, where funeral exer cises and interment was made Tuesday. Dr. Rochelle, who was past the three-score and ten years, had built a large volume of practice in Columbus as well as many other counties in the state. NEW YORK MONEY MARKET. NEW YORK, Jan. 10.—Call money easie; high 4?4; low 4rruling rate 4%; closing bid 4; offered at 4*4; last loan 4; cp.ll loans against acceptances 4; time loans steady; mixed collateral 60 to 90 days 4 Vz to 4%; four to six months 4*/2 to 4%; prime commercial paper 4%. NEW YORK COTTON LETTER. NEW YORK, Jan. 10.—Today's cot ton market was first influenced by strong cables then sold off following report of ‘order to withdraw our troops >. from the Jtuhr and later received mod- \ erate support on an unconfirmed report j that the French had ordered their \ troeps withdrawn. So in the main news ; was outside of ordinary market infl- , ences. The southwest wired that the basis for cotton had eased without stimulating demand. Favorable re- I ports from dry goods markets continue j unchanged. The closing prices of fu- j tures tonight are the highest of any closing with one exception during the entire upward movement. Failure of ; snap in demand indicates the market i may be tired * temporarily. Therefore,' should important liquidation develop in all probability it could, not be ac complished except at the sacrifice of quotations. This class of selling, how- j ever, is the only important weight it seems the market may be called upon to carry.* Therefore, in the main, the situation continues bullish. March Liverpool due Thursday 14.59. OR VIS BROTHERS AND COMPANY. Sunshine Laundry Damp Wash Ser vice. Call 172.—Adv. V RNITITR E—New and .second-hand, Household Goods bought and sold. Highest eash prices paid. 7 SOUTH SECOND SI*. Telephone Number 429 RED CROSS MATTRESSES JOLD BY W. MUNROE & CO. FURNITURE 15 S. Front St. 1 Jt* Worth >\ 1 i»-n vf News of Markets—Cotton-Money-Grain-Stocks COTTON NEW YORK, “Jan. 10.—Early ad vances met Increased offerings In the cottbn market today which probably re flected continued nervousness over Eu j ropean affairs. Offerings were absorb ed on moderate reaotions, however, and | after selling off from 20.92 to 26.75, ; May closed at 28.87 with the general I market closing steady at net advances of 12 to 18 points. The market showed considerable firmness at the start. The opening was steady at an advance of 15 to 19 points, and the more active positions showed net gains of 20 to 27 points shortly afr ter the call. Buyers were encouraged by the relatively steady showing of Liverpool and reiterated reports of an improvement in trade In Manchester. There also appeared to be a feeling that the firmer early ruling of foreign rates might foreshadow a sudden change for the better In the European situation and some buying was reported here for both Liverpool and continental trade accounts. The tendency of off ermgs to increase around 26.90 lor May checked scattered buying:, how ever, and prices were easier during the middle of the day when reports that American troops had been ordered out of Germany, appeared to emphasize the uncertainties of European affairs. There were also reports that part of the selling which has been persistent on advances recently, represented hedg ing by Southern spoot holders, and the market was rather unsettled on the reaction which carried March off from 26.57 or within 8 points of yesterday’s closing quotations. Later reports from Europe regarding French troop movements appeared to make a favorable Impression on senti ment, and most'’ off' the reaction was realized during the middle of the aft ernoon. The larger exports for the day helped the afternoon rally, and local bulls were disposed to emphasize the appearance of buying orders here through brokers with foreign trade connections during the morning. Last prices were within 4 or 5 points of the best. High January .26.55 March .26.75 May . ..'.26.92 July ...;.26.64 October . ....24.90 Low Close 26.35 26.50 26.57 26.70 26.75 26.87 26.46 26.60 24.73 24. S9 DRY GOODS MARKET. NEW YORK, Jan. 10.—Bleached cot tons, 4-4 goods, were advanced today to a basis of 17 cents for Lonsdales. Denims offered by the larger mills have been sold up and withdrawn for deliv eries extending to June. Gray goods markers were quiet. Yarns ruled firm. New prices on wool goods markets were quiet. Yarns ruled firm. New prices on wool goods for fall were ex pected at any time. Burlaps were slightly easier. Silks continued steady and quiet. SUGAR AND COFFEE. NEW YORK, Jan. 10.—Raw sugar inchanged; spot Cubas 5.40 for centrif ugal. Refined sugar 6.90 lor fine gran ulated. Spot coffee quiet easier, Rio 7s 1114; Santos 4s 1514 to 15*,4. GRAIN CHICAGO, Jan. 10.—Buying on the part of traders who had been disap pointed in looking for a decided set back in prices turned the wheat mar ket briskly upward today at the last. Closing quotations were firm % cent to 1% cents net higher with May 1.19% to 1.19% and July 1.12 to 1.12%. Corn gained % cent to 1% cent and oats % to 1%. » In provisions the outcome from 2 cents decline to a rise cents. / High varied of 22 WHEAT— May July Sept. CORN— May July Sept. OATS— May July LARD— Jan. , May RIBS— Jan... May.. Open Low Close 1.17 1.11% 1.08 1.19% 1-12% 1*18% 1.17% 1.10% 1.07% 1.19% 1.12 1.08% .71 .71% .71% .72% j72 % .72 .71 .71 .71% -72% •72% .92 .44% .41% .45% .42% •44% .41% .45% .42% 10.95 11.27 11.05 11.35 10.95 11.22 11.05 11.32 11.02 11.02 NEW ORLEANS COTTON. NEW ORLEANS, Jan. 10.—During the greater part of today’s session in cot ton prices were above the level of yes terday’s close. While a few traders referred to the troubles abroad as a war cloud hanging over the continent of Europe, the majority appeared to feel relief because decisive steps had been taken toward a settlement of ex isting problems. On the opening the demand was fairly strong, more or less liquidation was felt during the middle part of the day, but in the. later trad ing prices moved up again toward the high levels of the session, the market finally closing at net gains of 9 to 15 points with March at 26.45. Early gains amounted to 17 te 18 points, buying being stimulated by better cables than due, a constructive opinion of the move made by France and reports of a large business doing in the Fall River market. Manchester and Liverpool sent over cheerful mes sages telling of more business doing, particulraly with India, and this added to the favorable opinion of the foreign situation. Liquidation from the long side gradually filled up the demand and just before midday the market was at its lowest, one point down to 6 points up. Compared with the close of yesterday, March standing at 26.31. In the afternoon new buying enter ed the market because of the steadiness of foreign exchange and trading be_ came brisk following rumors that the French were withdrawing troops from some points in Germany. As prices ap proached the high levels of the day liquidation started again and the late trading brought small recessions. High Low Close January .26.40 26.22 26.37 Farch .26.49 26.31 26.45 May .26.60 26.32 26.45 Julv .26.28 26.12 26.25 October .24.54 24.42 24.49 MILLER FIRST MORTGAGE SERIAL GOLD BONDS -Odd Fellows Office Building Raleigh, N. C. $350,000 (Value of Property $514,750) First Mortgage .6% ' Serial Gold Bonds PRICE: PAR AND ACCRUED INTEREST YIELDING 6% Created and safeguarded under the Miller Plan Dated: December 15, 1922 Maturities: Annual, 2 to IS years. Interest Coupons Payable: December 15 and June 15. Callable: At 105 Certifying Agency: Raleigh Banking & Trust Company, Raleigh, N. C. Surety Bond: To be furnished by the contractors, guaranteeing ^ com pletion free of mechanics hens. Federal Income Tax: Paid up to 4% by the borrower. Denominations: . „ $100, $500, $1000. THE Odd Fellows Office Building, ten stories in height, is designed to meet the pressing need for office space in Raleigh. Concerning this need, Governor Morrison writes, “I feel sure that this project will add much to the attract iveness of the business district, and also help to fill the very urgent demand for office space in Raleigh. ’ ’ Josephus Daniels, •formerly Secretary of the Navy, Says, “The great demand for offices in Raleigh is such that I am sure you will have no difficulty at all in renting them.” The location of the building at Hargett Street and Salisbury Street, half a block from Fayetteville Street and a block from the State Capitol, is ideal for a structure of this kind. These bonds are similar in every respect to those we have been creating for years, secured by income-earning properties in a score of Southern cities. The valuation placed on the building, $514,750, and the annual net earnings, estimated at $42,000, .are based on independent appraisals furnished by real estate and construction experts residing in Raleigh. The figures given indicate the safety of the bond issue. Additional Facts: A full description of the bonds and the Odd Fellows Building, with important facts regarding Raleigh’s business activities, is con tained in our illustrated circular describing this bond issue. In addition there are reproduced letters of appraisal from independent sources. A copy of this circular will gladly be furnished, without cost, to anyone, who wishes to form an intelligent opinion of this investment. ILLER fit INCORPORATED 17,30 Carbide & Carbon Building 30'Eaat 42nd Street, New Tork Philadelphia St Louis Memphis 1730 Hurt Building Atlanta, Georgia Knoxville * r liberty bond prices ; NEW YORK, Jan. 10.—United States government bonds closing; ! Liberty 3%s, 101.16; first 4s. 98.93 bid; second 4s, 98.34; first 414s, 98.92; second 41is, 98.40; third 414s, 99.02; fourth 4i*s, 98.76; uncalled victory 444s, 100.22; United States govern . inent 414s, 100. V, SOUTHERN SUL). STOf'KJt Quoted by R. S. Dlcuoa uud Company \ CiUtouia, N. CV-Gmuvilic, S. c. _Corrected January 5, 1023. dtocka ,is\a IJL*M Acme Spinning: co. AroadU Mil a. American Spinning Co. Am. Yarn and Pros. Co. Am. Ham and Proc. Co. pf d.. Anderson Cotton Mills . Arlington Cotton Mills . Alagon Cotton Mills (S. C.) .. Arcade Cotton Mills . Arrow Mills . Augusta Factory . Belton Mills . Belton Cotton Mills, pfd. Beaumont Mtg. Co. ... Bibb Mfg. Co. Brogod Mills . Clara Mfg. Co. Clifton Cotton Mills. Cabarrus Cotton Mills . Cabarrus Cotton Mills, pfd .. Chadwick-Hos. Co., tpar $25.) Cliadwick-Hos. Co., pfd .... Chiguola Mfg. Co. Chiguoia Mtg; Co., pfd. Calhoun Mills ,. Canning Mfg. Co. Clover Mills .. Climax Spinning Coy. Crescen Spinning Co. Columbus Mfg. Co., (Ga.) .... Converse, D. E. Co. Darlington Mfg. Cc. D.xon Mills . Drayton Mills .. Dresden Cotton Mills . Dunean Mills . Dunean Mills, pfd. Durham Hosiery, pfd . Durham Hosiery "B” . Eastern Mfg. Co. Bu«,e urd Phoenix (Ga.) .... Eflrd Mfg. Co. Enterprise Mfg. Co. (Ga.) .... Edwin Cotton Mills Co. Edwin Cotton Mills Co. pfd .. Flint Mffc. Co. Galffney Mfg. Co.... Gibson Mfg. Co. Globe Yarn Mills (N. C.) .... Gray Mfg. Co. Greenwood Cotton Mills .... Gluck. Mills . Glenwood Cotton Mills . Grendel Mills .. Grendel Mills, pfd. (par $50).. Granitevllle Mfg. Co. Hamrick Mills. Hanes, P. H., Knitting Co. .... Hanes, P. H. Knitting Co. pfd Henrietta pfd .. .Hillside Cotton Mills (Ga.) Hunter Mfg. Co. 7 pot., pfd Inman Mills . Inman Mills, pfd . Jennings Cotton Mills .... Judson Mills . Judson' Muls pfd .. King, John P. Mfg. Co. Lancaster Cotton Mills .... Limestone Mill3 . Linford Mills . Lola Mfg Co. Locke Cotton Mills Co. Laurens Cotton Mills. Marlboro Cotton Mills - Mills Mill . Mills Mill pfd .. Monarch Mills (S. C.) . Mollohn Mfg. Co. .. Musgrove Cotton Mills .... Myers Mills. Myrtle Mills .. .National Yarn Mills . Newberry Cotton Mills .... Orr Cotton Mills . Orr Cotton Mills, pfd . Pari <ale Mills . Pacolet Mfg. Co. .. | 106|. i Mo: 118 103, 124 200 2301 26a 103 130 251 07 122] 126 64 52 82 2401 180 U2 101 129 130 102 15 102 204 88 150 12 88 170 122 195 130 93] 1181 116 132 106 18 104 180 126 211 132 97 2291 235 133 99 80 18 90 14U 147 80 137 S6 21 96 lei 90 115|_ 103] 108 16e| 91 105, 62, 210 115 132 190 124 47 120; 140, 15 104] 106 225 100 110 100 229 94 69 250 134 16 y* 109 250 100 235 130 100 180] 20(1 225|_ 140_ 92 94 95 100 160]_ 121]_ 9 01 92 -1 235 100|_ 12 5| 129 122 127 81] 87 ... | 73 10S1_ 170| 175 137| 142 110| 114 94] 96 123] 133 182 186 Pacolet ivugf. uo„ piu. Piedmont Mfg. Co., (S. C.) . . Pelzer Mfg. Co Perfection Spinning Co. Poe, F. W. Mfg. Co. Ponsette Mills • • • • •. Priscilla Spinning Co.:. Ranlo Mfg. Co. .. Rex Spinning Co. .. Rex. Spinning Co., pro . Riverside Mills (par $12.50).. Riverside and Dan River Riverside and Dan River, pfd Rowan Cotton Mills Co. Roanoke Mills, 1st pfd Roanoke Mills, 2nd pfd Rosemary, pfd .......... Rhyne-Houser Mfg. co. Saxon Mills.■ • • • • ■ ■ Seminole Cotton Mills Co Sibley Mfg. Co. (Ga.) .. Spartan Mills ....... Sterling Spinning Co. . Superior Yarn Mills ..... Toxaway Mills (par $25.00). Union Buffalo Mills . Union Buffalo Mills, 1st pfd .. Union Buffalo Mills, 2nd pfd.. Victor-Monaghon Co.. Victor-Monaglion Co., pfd Victory Yarn Mills Co. Victory 8 per cent., pfd. Ware Shoals Mfg. Co, Watts Mills, 1st pfd . Watts Mills, 2nd pfd . Wingate Yarn Mills Co. ... W.scassett Mills Co. Williamston Mills . Woodside Cotton Mills ... Woodside Cotton Mills, pfd Woodruff Cotton Mills .., mui.... 136 138 137| 140 321 34 126 129 114] 117 60, 64 1251_ ... 86 84 . ... 1<M4|11% 3iU| 102| daily cotton table. Port Movement. New Orleans: Middling 26.88; Receipts 4,183; exports 1,350; sales 965; stock 236,121. Galveston! Middling 26.76; receipts 6,655; exports 2,028; sales 1,263; stock 362,264. Mobile: Middling 26.25; receipts 308; sales .39; stock 9,953, Savannah: Middling 26.81; receipts 244; sales 62; stock 73,247. Charleston—Receipts 282; exports 4, 700; stock 61,163. Wilmington: Middling 26.50; receipts 49; stock 31,465. Texas City: Stock 22,267. Norfolk: Middling 26.75; receipts 254; exports 2,415; sales 770; stock 104,452. Baltimore: Middling "26.60; receipts 229; stock 2)812. Boston: Stock 7,300. Philadelphia: Stock 6,323. New York: Middling 26.75: receipts 67; exports 1,129: stock 7" 232. Minor ports: Stock 8,2(!f Total today: Receipts 12,271; exports 29,874; stock 998,904. Total for week: Receipts 87,404; ex ports 91,702, Total for season: Receipts 4,228,523; exports 2,915,187. Interior Movement. Houston: Middling 26.70; receipts 9, 915; shipments 8,083; sales 2,39' stock 342,567. „„ , , , Memphis: Middling 27.00; receipts 4, 24-4; sales 1,700; stock 171,548. Augusta: Middling 26.88; receipts 1, 239; shipments 1,025; sales 420; stock 71^t!1Louis: Middling 27.00; receipts 3, 495; shipments 3,307; stock 20,603. Atlanta': Middling 26.70. Little Rock: Middling 26.60; receipts 16; shipments 1,543; sales 537; stock 66Dafifts; Middling 26.59; sales 1,418. Montgomery: Middling 26:00; sales Total today: Receipts 18,909; ship ments 18,755; Stock 663,241. COTTONSEED oil. NEW YORK, Jan. 10.—Scattered liquidation and pressure by local bears, induced by slow trad* conditions put cottonseed oil oft 12 to 14 points early, but the upturn in lard brought about a covering movement and at. the close net losses were 1 to 6 points. Salea 16,900 barrels. Prime crude 9.50 salea and bid; prime Bummer yellow spot 10.60 bid; January 10.60; March 10.$8| May 11.09, all bid. STOCKS [ NEW YORK, Jan. 10.—President I Harding's order for the withdrawal of American troops from Germany caused a flurry of speculative selling which carried a number of issues down 1 to ! 2 Points in today's stock market, but these offerings were well absorbed and the market eventually turned upward ( under the stimulus of higher foreign exchanges, lower call money rates and aggressive buying of special stocks. While the unsettled foreign situa tion continues to assert a straining ef fect on the volume of business, large traders, taking their cue from the strength and steadiness of foreign ex changes, seen: inclined to take a hope ful view of European conditions. De mand sterling was quoted at $4.66, an advance of more than 1 cent over yes terday’s ruling' rate, while French francs moved up nearly 20 points to 6.91. The Italian lire got back to the 5 cent mark and Belgian francs ad vanced 23 points to 6.35. Even the German mark rallied to 96-100th of a cent a hundred from its extreme low of 92-100ths of a cent. Baldwin and Studebaker, each of which reacted sharply on selling pres sure, rallied briskly and closed -the day at a net gain. United States Steel common and most of the independent issues closed at slight fractional gains. Weakly trade reviews continue opti mistic, stressing steadily increasing production and a hardening price ten dency. California Petroleum was one of the day’s features, successfully resisting the early selling pressure by climbing to 76%, the highest price in its 10-year history. Some good gains also were recorded among the other oils, Associ ated jumping 6% points and Pan American B, Pacific, Houston, Royal Dutch and Cosden rising 1 to 2 % points. General Asphalt common and preferred were weak. Specialties took a prominent part in the late advance, Postum Cereal ad vancing 7% points on the day, Beech Nut moving up 5% on speculative ex pectations of a further increase in dividends and Nash Motors rising 6 points on the announcement that divi dends at the rate of 19 had been de clared on the new stock. Among the other conspicuous strong spots were all American cables, United States Re alty, Owens Bottle and Tidewater Oil, all- up 3 to 4 points. , Day’s total sales 782,000 shares. Twenty Industrials averaged 97.29; net gain .06. High 1922, 103,43; low 78.59. Twenty railroads averaged 84.85; net loss .11. i High 1922, 93.99; low 73.43. j NEW YORK STOCK LIST._ _Name._|Hlgh|_LowJ_Last Allied Chemi and bye T"75 %1 7 3 % I 74 % Am. Can. Am. Inter. Corp. Am. Locomotive .... Am. Smelt and it. ... Am. Sugar . Am. Sumatra Tob. Am. Tel. and Tel. Am. Woolen . Anaconda Copper _ Atchison . A. C. L. Baldwin Locomotive . Baltimore and Ohio . . Bethlehem Steel "B” .. Canadian Pacific Central Leather. Chandler Motors Chesapeake and Ohio Chic., Mil. and St. P. .. Chic., R. I. and P. Coca Cola .. Corn Products Crucible Steel Cuba Cane Sugar Endicott-Johnson Erie . Famous P.-Lasky .... Gen. Asphalt . Gen. Electric . Gen. Motors . Great Northern pfd .. Guit States Steel .... Inspiration Copper .. . Inter. Harvester . lilt. Mer. Marine pfd . . Inter. Paper .:.. Invincible Oil . Kelly-Springfield T. .. Kennecc-tt Copper .... Louisville and N. ... . Middle States Oil - Midvale Steel . I Sl%[ 80% . 26%| 25% .111241/81121% 6o%| 54% mu 77% 27%| 27% 123 % ,123 94%| 94 81 20% 123% •'4% 77% 27% 123% 94% 49 | 48%| 48% 100%|10.1%;lu0% 112 %|U2% 1112% 133 % |131i% ,133 41% 41%! 41% 63%, 62%! 62% 143% ,142% 1142% .12 % | 3 2 % 32 f,s 1 G7%1 66%, 67% I 72% I 72 72% I 21 %i 21 % I 21% | 32 | 31% I 31% I \ ■)%! 77%! 79 124 % ,124 % ‘126 69 % 1 67% | 68 % 13 % I 13 91% 90 10% 88% 45% 179 14% 74 78 34% 88 43% 51 15 46% 36 136 11% 27% 11 89% 47% 180% 14% 74% 79% 34% 88% 44 % 51% 15% 47 % 36% 136 11% 28% 13 90% 11 S3 % 46% 179 11% 74 78% 34% 88 44% 51 15 46% 36% 136 11% 27% Missouri Paelflc . N. York Central . N. Y., N. H. and H. . Norfolk and Western Northern Pacific Oklal Prod, and R. . . Pacific Oil . Pan-Am. Petroleum .. Pennsylvania. Pure Oil. Reading. Rep. Iron and Steel . • Royal Dutch, N Y. St. L. and San Fran. .. S. A. L... Sears Roebuck . Shell Trans, and T. .. Sin. Oil and R. S.-S. Steel and Iron .. Southern Pacific . Southern Railway Southern Ry. pfd .... S. Oil of N. J., pfd Studebaker Corp. Tennessee Copper ... Texas Co.. Tobacco Products ... Transcontinental Oil Union Pacific ,. U. S. Inc!.| Alcohol U. Retail Stores U. S; Rubber . IT. S. Steel .. U. S. Steel pfd .». Utah Copper. . Vanadium Corp. Western Unjpn .. W. Electric*. Willys-Ooverland. Chino Copper . Miami Sopper . Cosden Co. Ray Consolidated .... Reynolds Tob. "B" . . T. and P.-C. and O. .. 16% 93% 20% 109% 74% 1% 43 88% 46% 28 % 77% 47% 62% 21 c ' 5 \ 86% 33% 33% 42 87% 25 65 117 114% 11% 48% 53 % 12% 136% 66 74% 56% 106% 122% 64 36% 110 69% 7% 26% 27 55% 14% 4S% 21 16 93 , 20% 109% 73% 1% 46% 86% 46% 27% 77 47% 51% 21% 5% 37% 33% 42 I 87 24% .65 117 113 11 % 47% 52 11% 136% 65% 71% 55 105% 122 3% 6 110 59% 7% 25% 27 52% 14 47 20% 16% 93% 20% 109% 74% 1% 48 87% 46% 27% 77% 47% 52% 21% 5 % 85 % 38% 33 % 42 87% 25 65 117 114% 11% 48% 52 11% 136% 65% 72% 56% 106% 122% 63% 36% 110 59% 7% 26 27 55 14% 43 21 CHICAGO LIVESTOCK. CHICAGO, Jan. 10.—Cattle: Receipts 7,000 active; beef steers and butcher she stoak largely 25 cents higher; spots up considerably more, many de sirable beef heifers being 50 cents higher; too mature'd steer 11.65; weight 1,375 pounds; best yearlings 11.00; bulk beef steers 8.25 to 10.25; few loads Western grassers 7.85'to 7.75; stoekers and feeders scarce unevenly higher; other classes firm; bulk cannirs 2.90 to 3 10; bulk cutters 3.25 to 3.65; .bulk beef heifers 6.00 to 7.50; bulk Stockers and feeders 6.25 to 7.00; bulk veal calves 10.00 to 11.00 to packers, up ward to 12.00 to outsiders. Hogs: Receipts 31,000; early mar ket 10 to 15 lower; closing dull; bulk 215 to 300 pound butchers 8.35 to 8.15; early; few 8.30 late; bulk 150 to 200 pound average 8.50 to 8.60; top 8.65; bulk packing sows 7.40 to Ttlo-, desir able pigs mostly 8.00 to 8.25; holdover liberal. Sheep: Receipts 14,000; fat lambs steady to strong; top 15.00 to city butchers and shippers; 14.90 to packers; bulk desirable fat wooled lambs 14.50 to' 14.85; clipped fed lambs 12.00 to 12.25; weak; heavy fat ewei 6.00 to 6.50; lighter weights up to 8.25; 125 pound aged wethers 8.60; feeders demand broad, prices firm; desirable 66 pound feeding lambs 14.75. JACKSONVILLE NAVAL STORES. JACKSONVILLE. Fla.. Jan. 10—Tur pentine steady 1.46; sales none; receipts $9; shipments 1; stock 20,538. Rosin steady; sales none; receipts 797; shipments 140; stock 192,964. Quote: BDEFGHI, 4.92%; K, 4.95; M, 5.40; N, 6.75; ^G, 6.00; WW, 6.75. Shipping News VESSELS IN POUT. Schr. City of Baltimore (Am.). *86 tons (in distress), C. D. Maffltt and company. Schr. Fred W. Furlow (Am.), Cap tain Mitchell; loading steel at Carolina shipyard; consigned to C. D. Ka'tltt and company. Str. Aquarius. (Am.), Capt. Taylor, with 5.000 tons potash salts, discharg ing- at Seaboard terminals; consigned to Helde and company. Wilmington Markets NAVAL STOKES. SPIRITS TURPENTINE—.Nothing do ing. ROSIN—Nothing doing. PINE TAR—Per gallon 15o. PINE TAR—In country pine barrels #3.50. CRUDE TURPENTINE—Virgin and, yellow dip $a.25; scrape 81.21, PRODUCES. CORN—$1.10)4. BEEF—tic to 8c. VEAB—7c to 9c. PlO PORK—Small prgs 12c to lie; large 10c to 11c. BACON—(N. C.)—Hams SOo to IS as sides and shoulders. 18c to 20o. CAKE TA-L-LOYV—5o, BEESWAX—20c. hides—5c to 6c. EUUS—Country 35c to 87c. YOUNG CHICKEN'S—25c to 28o Ib.J hens 22c; roosters I8o to 20e. lb. BUTTER—No sales. IRISH POTATOES—No. 1, $2.75 ter $3.00 bag. SWEET POTATOES— 13 to 50c. CABBAGE—2c to 2 *c. PEANUTS.. Prices nald producer: Nortn Carolina—New crop, $1.50. Virginia—New crop $1.00. Virginia Jumbos, $1.05. Spanish—New crop, $1.70. PETERSBURG PEANUT MARKET. (Reported by Rodgers, Plumber ds Co* Incorporated > Spanish, farmers' si pelt. Market firm, $2.05 per bushel. Virginias, Farmers irjjk. Market firm. Fancy Jumboes—6%c to 7 Ho per lb. Prime Jumboes—60 to 6 H per lb. Virginia Runners—First grade fie per lb. Virginia Runners—Second grade 5Ho per lb. Shelling Stock—4H to 5c per lb. NEWyYORK BONDS. Furelgu .Bunds. Argentine 7s . 101 Domiii. o£ Canada 5%s, 1929 .... 101% French Republic 7%s . 93% Kingdom o£ Belgium 7%s . 99% Kingdom of Denmark 6a . 98% Swiss Confederation Ss . 118% Un. King of G. B. and I. 5%s, 1937 108% U. S. of Brazil 8s . 98% U. S. of Mexico 5s .. 52% Railway and Miscellaneous Bonds. American Agrie. Chain. 7 ’/as American Smelt, and Ref. os .. American Sugar 6s . American Tel. and Tel. cv. Cs Atchison gen. Is . Atlantic Coast Bine 1st *s .... Baltimore and Ohio cv. 4%s .. Bethlehem Steel ref. 5s .. Central of Georgia 6s . Central Ceather 5s . Chesapeake and Ohio cv. 5s . . Chicago, B. and Quincy ref. 5s Chic., Mil. and St. P. cv. 4Vis Chic., R, I. and Pac. ref. 4s 103% 92 103% 116% 89% 88 80 96 100% 98% 95% 100% 64 82 Chiie Copper 6s . 97% Colorado and Southern ref. 4%s. Denver and Rio Grande imp. 5s . Brie gen. 4s .. Goodyear Tire 8s, 1931 86% 75% 43% 100 lnt. Mer. Marine 6s . 90% Kansas City Southern ref. 5s 88 Kelly-Springfield Tire 8s . 108% Liggett and Myers 5s Louisville and Nash. ref. 6%s Mo. Kan. and Tex. pr. lien 5s Missouri Pac. gen. '4s . New York Central deb. 6s .... Norfolk and Western cv. 6s .. Northern Pacific 4s . Pennsylvania gen. 5s . Reading gen. 4s . Republic Iron and Steel 6s .. St. L. and San Fran. adj. 6s .. Seaboard Air Line con. 6s .... Southern Pacific cv, 4s |B 8% 103% 82 % 62 104% 112% 85% 101% 86 95 76 61 91% Southern Railway 5s . 97% 5%s Southern Railway Union Pacific 4s . U. S. Steel 5s .. . . . . Virginia Caro. Chem. 7%s Wabash 1st 5s . Wilson and Co. 7%s 101 92 104 93% 98% 102% Seaboard Air Line 5s . 24 Southern Railway 4s 68 NEW YORK BONDS. NEW YORK. Jan. 10.—Further re covery of French bonds and renewed weakness of the St. Paul railroad liens were the outstanding developments in today’s irregular bonds dealing. Strength of the foreign exchanges stimulated the buying of European se curities. United Kingdom of Great Britain 5%s duplicating their high re cord of 115, last December and gain* being registered by French 7Vis and 8s, and others. There was no apparent reason for the further decline of St. Paul liens al though weakness of the general list was ascribed in some quarters to the competition provided the flood of new securities that have been put on the market since the first of the year. Other weak snots in the railroad list were Frisco 3s, Norfolk and Western 4s, Atlantic Coast Dine 4s and Seaboard Air Dine stamped 4s. The fajv bright spot were New York, Westchester and Boston 4%s, Toledo, St. Douls and Western 4s, Rio Grande refunding 6s and Erie convertible. Merger talk con tinues to have a favorable effect on Chile Copper 7s. Cuba Cane converti ble 7s dropped. United States government first 4M per cent, bonds gained 2 cents on $100 and the new 4%s were unchanged, the other active issues showing losses of 2 to B cents. Total sales, par value, were $13, 093,000. Public offering will be made tomor row of a $35,000,000 .issue of Bell Tel ephone company of Pennsylvania 25 year 5-per cent, first and refunding mortgage bonds, callable at par and interest after July 1.1943. The price Is 98 H to yield slightly more than 5.10 per cent. There were several new offerings today, the largest of which was the $22,000,000 issue of first mortgage 20 year 5-per cent, gold bonds of the Spring Valley Water company of San Francisco, which were put out to yield 5.12 ner cent. The next largest was a {10,053,000 issue of 5 per cent, serial gold bonds of the city of Toronto, Can ada,' at prices to yield 5.20 to 5.10 pep cent, according to maturity. FOREIGN EXCHANGE. NEW YORK, Jan. 10.—Foreign ex changes firm; quotations' in cents: Great Britain demand 1.66; cables 4.6614; 60-day bills on banks 4.6414: France demand 6.91; cables 6.92; Italy demand 5.00; cables 6.0014; Belgium demand 6.35; cables 6.3514; Germany demand .0096; cables .0097; Holland de mand 39.61; cables 39.64; Norway de mand 18.62; Sweden demand 26.93: Den mark demand 20.28; Switzerland de mand 18.94; Spain demand 15.73; Greece demand 1.22; Poland demand .0052; Csecho Slovakia 2.85; Argentine de mand 37.60; Brazil demand li.37; Mon treal 99% Sunshine Laundry Samp Wash Ser vice. Call 172.—Adv.
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 11, 1923, edition 1
9
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