Newspapers / The Wilmington Dispatch (Wilmington, … / Nov. 12, 1916, edition 1 / Page 3
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THE WILMINGTON DISPATCH, SUNDAY MORNING, NOVEMBER 12, 1916: PAGE THREE Market Review ' 'MAtLM. - IF W-T u i j LOCAL MARKETS ; -: ; -Jf 1 i . country . . i"!m kens, apiece 35c 35c .25c to 45c " i hn kens anice 50c to 55r Idle v ;i piece ' hip Pucks apiece 45c . 35c 9c to 10c - rrf i iMn"- " - ,. i't-itnps. sack S4.25 . .. u-..,i.s ir 4r r Y ;hotillers and Riba, lb -ISci Cal. $6-0.') . . - 1 V.imrh 1 ( Rjnar.a.' - tanCT ,ev;ui I. hi X3.IM) TO X4 (Ml t n-c h11(!h K H pell re.Tfi. nni'iii. t l:iyu--n' nl'.- I a. w nol- Si n tr Si i cr.i iK ' i- C 1 !-v f r IK roro X. C 80c to 90c PrIil1-' . o t'i w ifv ,. 20 to 38 cents. 28 cents. i(nS NUW IP wCmUwnn I o WON'T CONTROL HOUSE.I (Continued From rage One.) publicans receiving the election, her than those mentioned is the - . 1 1: r i i j n Tentu .onii aiuiiua,. ouuuiu me emocrat be given the certificate T T T J JT T tl Chairman woous, me rtepuoncan, ajority of Martin, Progressive pro- CCUOIllsl ill uuuraiaua, la yi a,i.iaiij The returns have been forward- irr n s uuuuueiiLs. Republican leaders are confident 0w llltrv win uuii iiui ljuc ucai rouse, it is only a question or jusc hat their majority will be, according n me rteuuunuau vicnyumi. The election of a speaker will be termined in caucus. If opposition is pi riu iu jauifts xv. iYiaxiii, a, cumui u- ise candidate will be selected. It said that opposition to Mann is ii-p likely"to come from old-line Re- hHcaTit; tlian frnTn Prnerpssives. . A I, rt J ni H'p; if in s; ill I'liiusH riini mh the small group of independent r ifticar? wno assume mai uiey ill control the House, said today ;?- would follow the Democratic lUTom nr nprrn nun? ne wavs iiiu u'liij commiuee to name iue cum- or inat iMirDose inai wuuiu icvuKuiic r (V.ffpT-ont erouns in the member- hin Pemorr?tp. on the other hand, ny that Republicans would be able organize the House. They contend at ;i commission of Democrats and i . t . i .a m t 4. Jt. . n rnr nc rn s win comroi dul me iifiers do not submit actual figures ?how ho wthis will be accomplished. WHEAT. (By Jos. F. Pritchard.) Chicago, .Nov. H. Wheat , will sell to a higher level. Unmistakable con ditions point to this fact. Sentiment was never more bullish on this grain than now and the larger men in the trade say it would be an imposibility to check the upward trend save mo mentarily. The business in cash wheat and futures was an enormous scale during the week and the pur chases made by foreigners broke all previous records. Agents of the British Commission stationed at Chi cago and the agents of that same in terest in other markets of the coun try grabbed everything in sight and were willing to follow the market on its advances. A great deal of the buying of the past few months han been a necessity as stocks abroad are small and decreasing, but much of the buying has been on the fear that an embargo will be placed on the ex portation of breads tuffs in the United States and for this reason there has been no cessation in the demand, al though at times declines have been established on bear attacks. The de clines, however, have been invariably followed by higher prices brought about by shorts covering and at losses. In looking over the big men who are known as bulls on wheat may be mentioned A. Patten, Arthur Cut ten, Herbert Blum, Chas. E. Lewis, Frank Alstrin, Sam Mincer as well as the larger speculators to be found in, the other markets of the country. There are many men in the trade who will declare themselves as bears because of the present price of wheat and when they put out short lines in the expectation of securing profits they are invariably disappointed and are made to cover their outstanding contracts at losses. This condition not cnly applies to the Chicago mar ket but to every market in the United States and Canada. Corn closed with advances of 2 1-8 to 2 l-2c and oats were up half to 5 1-8. New high prices were reached on corn this week and the investment tlemand was larger than when prices were 20c lower. The buying of the futures was enormous and the same may be said of oats. ' COTTON 4 " ? New York, Nov. 11. Business in cotton today was the smallest in weeks. Initial quotations were un-! changed to 7 points higher. Commis sion houses and spot interests bought, the supply eoming from Liverpool) and uptown houses. After the start offerings increased, influenced by an easier current at New Orleans and weakness in surplus. Aggressive support from one of the leading bull operators early in the second hour caused a recovery, but above the basis of 19.40 for January, offerings became heavy. A New Or leans dispatch described sentiment among leaders in the Southern mar ket as bearish. The local market closed steady at a net decline of 3 points to an advance of 30 points, the latter on September. Port receipts for the day were es timated at 45,000 bales, compared with 30,446 last week and 33,715 last year. The Chronicle estimates the world total visible supply at 4,893,765 bales, against 5,202,842 bales a year ago. Spot here was quiet and ten points higher at 19.40; there were no sales. Spot at New Orleans was steady with middlings unchanged on the basis of 19c; sales were 2,400 bales. Port receipts at New Orleans were 6,509 bales at Savannah, 3,465 bales, and at Houston 9,663 bales. COTTON. Open. Close. December .. 19.33 19.30 January 19.35 L9.35 March 19.51 19.48 May 19.75 19.67 juiy xv. t o lif.ou i Wilmington Spot cotton 18 5-8. ON THE CURB. New York, Nov. 11. The feature on the curb today was bull copper and zinc, which sets its new high rec ord at 20. Firmness was shown by other metal shares interested in the bull copper prices. CALL MONEY. DOCTOR DIDN'T LEAVE SPONGE IN PATIENT. savannah. Ga.. Nov. 11. A uuy : tirt jury this afternoon in ten min s exonerated Dr. Geo. R. White, in,? farK view banuonum, iroui ho oh.irErp of lpavine- a snonere bafiT '-'. t. ne operated on ner in iviaruu, I. . 1 1 , I TT . ..t-nn. n -r -lib. jumibuu was suing, mi "A fiOll H 1 TY o orno New York, Nov. 11. Money on call ruled between 2 1-2 and 2 per cent this week. Time money during the week con tinued easy in tone, rates for indus trial towns 3 1-4 for 60 days and 3 1-2 for six months. The demand for ac commodation on mixed collateral was very light at 2 3-4 and 3 per cent for 60 days, 3 1-4 for 90 days and four months and 3 1-4 for five months and six months. Mercantile paper was sold moder ately this week. Rates, 3 1-4 and 1-2 for 60 to .90 days, endorsed bills re ceivable and 3 1-2 to 4 per cent for choice four to six monts single names. LIVERPOOL COTTON. Exchange closed today. SAVANNAH NAVAL Spirits 46 3-4. Rosin $6.25. STORES. WILMINGTON NAVAL STORES. j Spirits 45 1-2. Rosin $5.60 to $5.35. Tar $2.60 and 10 1-2. Crude $4.00, $4.00 and $3.00. Receipts. Cotton .. 493 Tar . . 36 Crude 6 Rosin Spirits GRAIN AND PROVISIONS. Oats 57 Wheat 1.89 1-2 C6rn .95c to 94 5-8 Pork 27.85 Lard 16.55 Ribs 14.72 1-2 AUTHOR FOR WILMINGTON. Popular Wilmington Pastor Has Writ ten Book on LeRoy Lee Smith. Rev. Marion Timothy Plyler, pas tor of Grace Street Methodist church, has recently compiled a book con cerning the life of Leroy Lee Smith, Esq. The book refers to Mr. Smith as "A Lawyer of the Old School," and is in deed a compliment to the man in whose honor it was written. The work of the Wilmington pas tor has just come from the press and only a limited number were printed, as Mr. Plyler does not intend the book for . sale but will give autobio graphed copies to a few of his friends and to the friends of Mr. Smith. It is a neat volume, bound in cloth, and is well gotten up, both as to the way It is written and the way in which, the North Carolina publishing house did the work. STOCKS i (By Broadan Wall.) New York, Nov. 11. In the bank statement today full disclosure was made of the public's opinion of poli tics as bearing on the stock market. In the average statement loans were increased $55,277,000, demand depos its increased $58,180,000 and surplus reserves decreased $2,638,630. In the actual value of business at .the close Friday night the loans showed an in crease of $97,776,000, demand depos-. its an increase of $87,867;000 and sur-1 plus reserves a decrease of $25,238,- 790. This is one of the most remarkable bank statements of the year. It is cheering or otherwise, according to the point of view. What it does say beyond question is that there has been heavy buying of stocks since the election. It is well known that the personal buying has been for the West and for foreign operations who are making Wall Street their base of operation because it is the only free market for surplus in the world. T'he persons have bought, they are not afraid of Wilson as President, they are very strong or they could not have bought so much. In the election the conservation was whipped by the progressive West. It looks very much as though the conservation money bags of the East had fallen into the hands of progressive investors who proposed to run things to suit themselves for) a while. 1 Everybody in the East has been saying' that no matter who was elect ed the market would go very much higher. But the East being a slave to tradition and technique wanted a reaction wanted to shake out the little fellow. Now it appears there are no little fellows to shake out. Unless there is a U-boat surprise or some disaster of fundamental char acter before Monday morning the conservative East will probably take its stock market from the West just as it has been compelled to take its President from the same quarter. Copper metal continued one of the important features of the financial world today. It is expected that cop per will sell at 35 cents a pound with in a short time. Anaconda and Utah, Inspiration. Kennecott, Ray Consolidated Chino, Cile and the whole tribe will follow the high prices. When Anaconda gets its increased dividend Wall Street expects to see something real ly interesting in the way of copper stock movements. Steels were in good demand under cover today. Republic was about the . best bought in expectation of action in the near future that will bring the common within hailing distance of a dividend. The company is earning about 70 per cent, on its common stock. There never were so many pools in the market as just now. They never had so much money at their com mand. Stocks never had such earn- ings. Never in the history of Amer- : ica was money so plentiful with the assurance of the government that it would continue plentiful. The pro gressives have control of the govern ment and of business and they are going to see what they can do with it. Wall Street may be assured that it will have to blow its horn hard j and step lively to keep up with the booking business and the constantly When you buy a diamond it is more or less "an occasion," of course. Make that next purchase an occasion of especial profit and gratification. THE ENGAGEMENT RING Chosen from our exhibit will prove a lasting joy to the wearer and an evidence of good taste and judgment on the part of the giver. We have rings with stones of all sizes in every accepta ble style of mounting. We shall be glad to have the pleasure of showing them to you and her. A. O. SCHUSTER JEWELER. growing volume of money and credit. It is not polite to speak of inflation and really it is not fair to speak of it that way any more than it is fair to speak of the new federal reserve bank notes as clearing house, which they really are and which very prop erly are. Allis-Chalmers 32 1-4 American Beet Sugar 1013-4 American Can 63 1-2 American Car & Foundry 70 1-4 American Locomotive 94 1-4 American Cotton Oil 54 1-2 American Smelting 112 3-4 American Sugar .. 1113-4 American Tel. & Ten 133 3-4 American Tobacco 228 Anaconda Copper 100 1-4 Atchison 106 Atlantic Coast Line 123 Baldwin Locomotive 85 1-2 Baltimore & Ohio . . 87 1-2 Bethlehem Steel 665 Canadian Pacific 172 3-4 , Chesapeake & Ohio 67 1-2 j Chicago, Mil. and St. Paul . . . . 94 7-8 Chicago,' R. I. and Pacinc Ky. . . 33 1-2 j Consolidated Gas 135 7-S Crucible Steel 90 Erie . . . . 37 1-4 j General Electric 179 5-8 Great Northern pfd 118 Great Northern Ore Ctfs 43 3-4 Illinois Central , .106 Inter. Merc. Mar. pfd ctfs . . . . 117 1-2 Kansas City Southern 26 1-2 Louisville & Nashville (Did) 135 Liggett & Myers (bid) 290 Lorillard Co. (bid) .225 Maxwell Motors . 73 7-8 Mexican Petroleum 106 5-8 Missouri, Kan. & Tex. pfd . . . . 18 3-S Missouri Pacific 93-4 National Lead 68 14 New York Central 1071-2 N. Y., N. H. & Hartford . . 60 1-4 Norfolk & Western . .' . .141 1-2 Northern Pacific Ill 1-2 Pennsylvania 57 1-2 Reading 108 Rep. Iron & Steel 80 3-1 Seaboard Air Line (bid) 17 Seaboard Air Line pfd (Did) .. 38 1-2 Sloss. Shel. Steel & Iron 70 7-3 Southern Pacific 1011-4 Southern Railway 28 Southern Railway pfd 67 o-S Studebaker Corporation 124 1-8 Tennessee Copper 22 Texas Co 221 Union Pacific 148 3-4 United Fruit . . 162 United States Rubber 59 7-S U. S. Smelting & Refining . . . . 73 1-4 United States Steel 122 1-2 United States Steel pfd (bid) . .121 1-2 Virginia Caro. Chem 45 Va. Iron, Coal & Coke 55 Wabash Pfd B 301-1 Western Union , . . 102 Westinghouse Electric 64 7-8 crass TkeSiore You've Heard So Muck About J. W. H. Fuch's Department Store For Monday and Tuesday Selling J. W. H. Fuch's Department Store Tlie Store of Service il Ladies' Coat Suits, navy, black, all sizes, worth $15.00; sepcial Monday and Tues day $9,93 Woolen and Cotton Goods will be the Effort for Monday and Tuesday's Selling DRESS GINGHAMS We have just received a case of very pretty Dress Ginghams to sell at 1 0c, these goods are worth 1 5 c and will appeal to you as a bargain. WOOLEN GOODS Davis' popular Woolen goods in Navy and Black. This is the popular cloth adopted for children's dresses and middy, suits, guar anteed fast colors, worth 50c per yard ; our price, per yard, only 29c SERGE! SERGE! SERGE! All-Wool Amsbury Serge in all the leading shades, per yard .69c 36-in. French Serges, in all colors, per yard . 98c DOLLAR SHIRT WAIST A line of very pretty lace Waists beautiful styles of Lawns and Voiles, look like $2.00 waists ; our price only $1 .00 Crepe de Chine Silk Waists, all colors and sizes from $2.48 to $5.00 Millinery! Millinery! Millinery! This Department is equipped with the latest service. Something new every day in shapes and trimmings. The Department Millinery staff is the best in the city and service the best to be 4iad-rrHats made to order on short notice Mourning Hats a specialty. One lot of sizes 38, at . . $25.00 Coat Suits, 40, 42 to 90, .. .-..-...$14.98 DEPART T ST w. Mail Orders Filled. Lumberton, N. C. Wilmington, N. C. "THE STORE OF SERVICE." Midi Orders Filled. MEN OWE H. FUG FS
The Wilmington Dispatch (Wilmington, N.C.)
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Nov. 12, 1916, edition 1
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