Newspapers / Wilmington Morning Star (Wilmington, … / Jan. 6, 1921, edition 1 / Page 11
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t s THE MORNING STAR, WILMINGTON, N. C, THURSDAY, JANUARY 6, 1921. ELEVEN' Financial i in i vii i ui.k , r:u aim i qui inn - mil u YOHK, 5. There N1SW .. ...x. ...x. UVi in me cuuun mr.cfc .i.orn ay 3 reactions were today- j ral.h m iC n to 15.00 or 95 points ,n:.tv 11 n .' "the closing quotation of last b,Vf mrf l S 1 points above the loW ipht ann i week That, delivery i IT 4 I I I I I l "2- recoi with the Keneral list clos '. .. .. j.r oe i rfosii'S ".'"A. n -j r 1 1 1 L auvaiic a our - ifl-i no in'. . . , .. r to i"' ..f inpfpaainir i domestic ne- I :.lTan.l improved -tone in the t'vlt: k.t at home and, abroad s V.krc,i chiefly responsible for rre, ,c movement. The market tn , nrni at an advance of 33 to highest Quotations in several months SP'noint" reactions! of. 20 or 25 Unlike: the previous dlv i Tthe con- h,in " ufnlor realigns and scattered tinental markets shared n tL rise Sf !,mthrrn selling deve oped increased sterling bills, as did also clnadaChlnl .luring the early r afternoon. and South America. Reasons for the " wnuary sol.l up to 15.85 and May advance -of. international remittances 10 1506 in tl.e late trading, when.active were lacking, well-informed dealers at i?nnTh gtne.ny showed net advances tributingc the-movement largely to r ss to f pom-if. uaai i'co wcro i v i j . . 1 1 rr t rnm ine uenL ununr - finiv a ill.iuu - t 1 TtalizinV- . j.'uturcs: January March .May July 0cUlH'r . . W-riTs Cl!S i.f.v- 1 x-t.Atf Hl 51-22 14. 4J io.07 15.10 14.48 15.07 XRW IHU.KAXS COTTON KW OKi'''iB JttU- u- cunw f maiiv mills increasing their run- ii nc tiiiif. with large plants in jsome .laces poing on practically full time, were tit- dominating influence in the ,.01(011 market today, and prices were Ughci from me unemas. . i ' V,e f was graauauy i las-t H" miiiuLto ui. mo ocuoivii fclt, ...niinti-rt TO -4 lO S9 points nun" , t-t-w-m t n arfn risiinp' rn. ii-'O and July to 14.54. The close showed net pains on the Xlay of 80 to S5 noints .with March at 14.25 and July at 14.47.: In the e'arly trading a much better Liverpool market than, due completely offset the etteet oi. large ginning re-i turns to private bureaus. Private rabies increased uumsn sentiment, ior thev told of a somewhat better feeling i. the Manchester marKet, wnicn was orroboratcd by reports from Texas markets to the effect that for the first time in many eeks they had sold cot- ton to Manchester. The strong rise in sterling exchange was a factor of consequence in the transactions of the clay and so was the general covering movement among shorts, accompanied as it was by gos- sip that large traders were ' gunning for the short .interest in the later months, but the main strength of the session was derived from the flood of lispatclK-s noting the resumption of operations of all manner of manufac- Hiring plants in all parts of the coun- trv. In this direction, reports of fac- tories cuitside of the cotton industry starting tip proved quite as stimulating is Hp news from textile centers. Futures .lanuary March .., Mav July October '. High. Low. Close. 12.50 14 is 14.15 14.35 14.46 14.54 14.45 13.50 13:64 13.78 13.95 14.25 I 14.40 14.47 1441 CHICAGO GRAIN LETTER (Furnished by II. G. Latimer, Jr., Correspondent) -iWinn Tan R Tho rlsnlino In nl-ioaf -Q.- cio-ain ctuili- n, thu nnlnt u-iiovB v,iincr Qr-,;nct MAa- huM.. v, sasging tendency. The market has now lost its bulge and may be on fip-hfino- o-rnnnrl hur tl-o noarncso nt shiiiments from' the south, the will - ingness "of Argentine farmers to sell freely, does not promise much in the line of higher prices. The flour' trade dullness is another strong bear factor. Corn Was rela tively stronger than wheat, due to a price very near (normal, but the sett ing is better than usual and the mar ket is on the down turn. ' Oats were weaker -than corn, the fiiormous visible and, slow demand re rhiees hedge buying and increases hedging sales. i CLKMKXT CURTIS AND CO. DAILY COTTON TABLE Port Movement . New Orleans Middling 14.00; re ceipts 8.064: exports 11,396; sales 1,058; took 438.871. uatveston Middlinsr 14.0rtr feneints 3.763: sales 1,021; stock 382,151 MohiiVTi,irin i9 os. -I bo?, stock 9ft az a -u,o. ., savannah Middling 15.00; receipts njo; saies n; stock 152,098. ChtneBton-Receipt. ' 43; stock; 243,- ll,SMldd,ln 13 50: receiPHISerS Snway' Texas City Stock 2.887. . Norfolk Middling 14.00; 442; sales 415; stock 83,600. receipts r-auimore Stock 3.681. Boston Middling 15.50; receipts 76; stock 1.200. Philadelphia .5.8.78. Middling 16.60; stok tofii- "pons "J Minor "nn-fcr. , . , Total today Exports 11.398;- stock Total for week TiAPAinfa TK.n9.9- . Vorts S4.S66. Total for season Receipts 3,522.451. Interior Movement Houston Middlinsr 13.85: receipts 8.- -mpments 7,330; sales 3,772; stock MemphisMiddling 14.00; receipts 4. S1S 9286 mentS 3'847: Sal6S 1,30: St0ck u t a--M i d d 1 i n g 13.75; receipts 2.1.19- salon 993 stnnlr J ui, 1 St. 2.13.1 0. I -on is Middling 14.00; receipts einiinif-nts stock 20,892. -tlanta Middling 13 75 l.lttle Tinr-L- t;1( 1 ji nn. . t 356 shipments 727; sales 825; stock 61,992 Ijallas Middling 14.50; sales 3,026 Montgomery Middlinsr 13.50.- , , -. -t0(1 ay Receipts 16,558 ; nifns lo.43S; stock 996,640. ship- XEW YORK COTTON Spi.il.to The Star) YORK. .Tnn k TOnoinn XKV bloomy short f0o- t i r . 'OnflitloilR arwl r u au Z lament of Strength f or buV- r ny h on,y coincident, neverthe- il rs-zth of markets synchron- in Ith Publication today of the op- nanr 1C numr of Commerce and Fi- & a. weekly publication among the ,f nrs 'Tn onomics. Official estimate r inn Inlian cron is 3,621,000 bales ino4 i ,10ns each, or just slightly Mioie than half of last year. There is i frlin in Manchester and Liv- T f ' f hort? w,ere reported-running. 4 m ctu-n that market tomorrow mirth5 "testing to observe. Our 4rk,ri, c,arries stroIK marks of -bul- llKn devriopmehts ORVIS BROTHERS AND CO. . - " COTTOXSEED " i i' l" being a points Tower to 8 "net ,hJPher. The xoltl "anniared tohVv! r'finS 8ales ot crude, while local ,t.ners worf doing the reverse. Total sal Iff U-nrp ft ftnn 1. rt . t - rr-t i1w?nrlers' Prime crude 6.7506.00; t ; V "mn yellow, yellow, spot nominal; 8.67 and amd' Commercial News ain GomimiBiiit NEW YOTfK" .To- c - . business On "v - " - " y"ange iway.waa almost krB. ations" the nVt c, !ivl' ?er' !.." ..""," vou,l; i0ir consiaer- Jv,. ,'-8,"&iy confident short in- terest U 0t movement, favoring Tradlngws smaller in voliimo in VIyiif irerlne8 than at any period in the last fnrtnihf . I of eertiflr. ' Tk"!? .V"" weakness less y1""""" muustnais ann i and jipK. " recurrence or tne i i t . I . k rion n a i-. . .j . . K' "1 in" those Sue.: T , wv nvimuation- in those : issues I In Ita ' .r. uo" ".sues, i T teresting aVlinlflSSS StS3 session -was th ,.., ,k .7 f!? exchange, llyBW"ky " which conUnued SS vfJ;ii1Wir Ribs sicv - uxanve : circulation. - i.iiLPriRrjs rfcaa.-i A 41 . . " . upuii fclie BIOCK marKet .were; asraiit: rather mixed "an dm8 thdeaft th indusi?ial con- ions. There was a further revival aCllVlIV in thr. tVtlla ar.1 J- jwtrle . b ut thisVa7offset by more dividend reiinct nna on coiia. ,irw.., of wages. vyuci a ana renpra I aenha nr.rn foremost in the rallv of tViA last hnnr at. gains of to ZV ooints. But oils. i.hb iiu sieeis lagged after announce- ment of the cut ift the Midvale div- idend. The money market pusued an un- ruffled course both as to call and time loans. -but lenders evidenced more lib- 1 opini regaraing renewals, includ- as oi. accommodation con jini"TV ioeitao . l - features of a strong bond market the enure group making visible additions to recent gafins. Copper issues also we5e, strong, but tractions reacted. Total sales, par value, $14,650,000. Old U. S. bonds were unchanged on call NEW YORK STOCK LIST Stock High Low Sale 45 44 44 27 26 27 121 120 121 48 46 46 39 38 39 82 82 82 54 63 54 38 35 37 91 89 91 76 74 76 97 97 97 61 59 61 37 36 37 83 82 83' 84 84 84 71 68 70 87 85 87 35 35 35 56 54 56 116 115 116 38 37 38 66 65 65 61 59 60 29 28 29 27 26 26 22 21 22 20 20 20 27 27 27 66 65 66 80 75 79 22 21 22 14 13 14 121 120 121 14 14 14 - 75 74 .75 - 29 B 89 88 89 34 32 33 52 50 52 15 14 15 46 43 44 20 10 20 101 101 101 154 150 154 19 17 18 13 13 13 33 31 31 20 19 19 72 71 71 19 18 18 101 99 100 82 81 82 3 3 3 73 71 73 41 40 41 29 28 28 35 84 34 14 13' 14 82 . 81 82 34 34 34 63 61 62 66 63 64 23 22 22 6 6 6 ; 11 11 11 . 43 42 43 23 22 22 51 50 61 99 9 98 23 22 22 I 57 57 57 105 105 105 46 . 45 46 9 7 8 , 43 42 43 16 16 16 , 55 ' 62 - 54 '8 7 N7 . 119 117 118 . 196 195 196 . .23 21 22 . 65 64 65 . 5 53 55 64 63 64 , 81 81 81 109 108 109 . 54 51 54 . 33 32 32 . 37 36 36 . 87 86 87 . 44. 43 44 . 23 22 23 f"1 ausr American Can Am- rar. and Fdry Am - Hide and L., pfd AnV Int. Corp. Am- Locomotive .... . m' pineed Am- Smelt and Ref. . . Am. Sugar Am. Sumatra Tobacco Am- -i1, and Tel. . . . Am- Woolen .., Ana5,onda Copper ... A;?rJ?on . i . " Atl. Coast Line . .- AtV!, G.ulf and W. I. . Baldwin Locomotive Bait, and Ohio 5etn- ,steel "B" V;"lttU1f'" -aiuc emia-i ueamer Lnanaier Motors Chesa. and Ohio - - .. Jvni. ana St. Jfaul ., Chicago, R. I. and Pac n - nino jopper , 1 Coca Cola cjoio. 'uei'and iron . Corn Products .... . Crucible Steel Cuba Cane Sugar Erie ..' , General Electric CrCneral MOtOrS wlreat Northern, pfd. VnV .Hiaes .btfei tuinois central . inspiration COPPeT .1 l?111 - Mer. Marine, pfd international Nickel International -Paper . Kenneeott Copper . L. and N." . . . Mexican Petroleum . . Miami Copper"". Middle! States Oil Midvale Steel Missouri Pacific ' ... New York Central . . , N. Y.. N. H. and Hart. Norfolk and Western Northern Pacific Okla. Prod, and Ref. , Pan-Am. Petroleum . Pennsylvania .. ..... Pitts, and W. Va. Pure Oil . . w Ray Con. Copper Reading . . ......... Replogle Steel Rep. Iron and Steel "J" S?yf ,tt U at- ijouis ana . ran Moeuovaru xylite 0. ..... 1 r i , Shen Trans. and Trad liShef! Sand L. ! Sinclair Oil and Ref. studebaker Corp. . . . Tennessee Copper . . Texas Co - Texas and Pacific . . m W m T r A n a SSS nttawtol Oli"- Union Pacific United Fruit U. S. Food Products U. S. Ind. Alcohol nlTed States Rubber U. S. Retail Stores United States Steel . U. S. Steel, pfd. Utah Copper ... . . Vanadium Corp. .... Virginia Caro. Chem. Western Union .... W'house Electric incibleOil Total sales,, 646,300. NEW YORK BONDS TT ' S 2s. COUDOn 101 106 74 96 76 ya 78 68 79 84 88 83 96 - 69 67 5 76 64 - 87 43 75 7S 74 78 81 v 58 54 91 104 76 88 79 85 64 37 81 , 98 86 59 78 81 86 93 , 90 85 83 1 4t fcj A a Knnnnn - ..A. American Smelt, and Ref. 5s... American xei.anu iei. va... Atchison sren. 4s I a iontl Pnoat T.inft 1st 4a Baltimore-and Ohio cv. 4s... Rflthifihem steei rei. o Central, of Georgia Con 6s. Central Leather &s .b Chesapeake and Ohio cv. 5s Chicago, B. and Quincy joint 4s CfiicagO, Mil. and St. P. cv. 4s Chicago, R. I. and Pac. Ry. ref. 4s City of Paris 6s J Colorado and soutnern rei. v2s Denver and Rio Grande con. 4s. . Dominion of Canada 58 (ladi).. iTHHft t?ATl. 4s IHinois :Central re 4s .... 5s. . fJhvfiii'nn" " ' Louisville and Nashville un s., Missouri, Kan. and Texas 1st 4s Missouri Pac gen. 46 . .. . . . . . . , New York Central deb. 4s. . . . . .. Norfolk and Western cv. 6s..... Northern Pacific 48. Pennsylvania gen. 5s Reading gen. 4s . .. . . . - Rep. Iron f teeTSs St. Louis and ran. adj. s.. Seaboard Air line adj. 5s. ...... . Southern Bell Tel 5s, . . . . Southern Pacific cv 5s .... . v . Southern Railway ,5s ........... Southern Railway gen. 4s Texas -and Pacific 1st gnKno?0?iandro;ai37): Wabash 1st Wilson and Co.CY. 6s ' SUGAR, AND COFFEE NEW YORK, Jan. 5. Sugar,, un changed at 7.90 to SC for fine granu- laSpot ' coff ee; nominal ; Rio 7s , 6 6 ; Wheat Open. High. 1.72 1.67 1 .74 .75 y8 .49 48.. :. Low. 1.68 1.63 y4 Vr3 .74 ' .48 Close. 1.69 1.64 .74 -75 48 45 .. 1.72 1.67 tf- Ma v Corn May ... ,i-lJuly ; .74 Oats may .49 tw iwu&jr " Po 23,85 12.85 '. -12.75 12.85 13.52 -13-37 13.50 11.45 11.32, 11.45 12;i7 12.05 12.17 Jn. : . Jan... May . .. WILMINGTON MARKETS SPIRITS OP TURPENTINE Nothing doing. ROSIN Nothing-doing. TAR 14 and 15c; YiKGlis jNotnmg doing. YELLOW I)IP Nothing doing, HARD Nothing doing. COTTON WILM1GTON SPOT 13V2C PRODUCE UARK1CT. CORN $1.15 to $1.50. BEHF 10c, dull. VEAL 10c to 12 c, very dull. BacuN uf. 0. xistnui tO, aidaB and eboulders, 30c o 33c , WILMINGTON SPOT 14c. . CAKE TALLOW5c. BEESWAX 80C. WlOiLS 5c, dull. WoOlj 2so market. HENS $1 to $1.25. LARGE FALL CHICKS SOc to 90c. SMALL SPRING .CHICKS 35c to 50c, .an... EGGS Steady, 62 to 65 BUTTER 35c. POTATOES $4.00 bag. SWEET POTATOES 1 to $1.2i. CABBAGE $2.0u to $3.00 cwt APPLES $6.00to $7.00 bbl. WILMINGTON PEANUT MARKET (Reported by J.. S. Funchess & Co.) White Spanish, farmers' stock, new crop, primes, per bushel, 30 pounds. $1.10. isorth Carolina, warmer stock, new crop, . primes, per bushel, 28 pounds, 90c. Virginia Runners, farmers stock, new croD. crimes, per bushel, 22 pounds, S8c. Virginia Jumbos, farmers' stock, new crop, primes, per bustiel. 22 pounus. $1.00. . PETERSBURG PEANUT MARKET (Reported by Rodgers, Plunxmer and Company, Inc.) Span-sh (farmers' stock), market weak, 95c per bushel. Virginias (farmers' stock), market quiet: Fancy Jumbo 6c to 7c per lb.; extra prime, 5c per lb.; prime, 3c to 4c per lb.; shelling stock, 3c to 3c per lb. DAILY COTTON LETTER Furnished by II. G. Latimer, Jr., 401 Southern Bldg. NEW ORLEANS. Jan. 5. Slowly but surelv erenera.1. trade conditions are im- provjfg, lower wages and cheap raw material ana accumulation oi oraers permitting mills and factories to re sume operations, many on full time One item of much interest to the trade was the annuoncernent of the resump tion on full time in nearly all depart ments of the Amoskeag Manufacturing company, Manchester, N. H., the larg est mills in the country, employing 10.000 hands. The revival of the war finance cor poration, a government institution, is expected to accomplish much good in tne iuture, as soon as its organization lis perfected. Meanwhile numerous private export corporations, conforming with the ttage law and having the approval of the federal reserve board, . are- being organized; so far with a capital of $12o,000,000 and a potential capacity for business in excess of one billion dollars. Another probable development of great import to the trade and finan cial interests is the proposition to re fund , England s Indebtedness to .the United States inMong time - payments. Already the British government owes the United States about $450,000,000 in interest alone, and if these payments are deferre'd. it will (make for better trade developments and tend to strengthen and stabilize foreign ex change, as welL as the operations of the numerous export organizations. New York reports a revival in the demand for cotton goods, the low prices having -stimulated buying, 90 days delivery, and yarns are stronger. That features in connection with the o.ld crop are about discounted by the ruling low prices is indicated by mar ket advancing today in the face of the National Ginners' association es timated 11,640,000 bales ginned to Jan uary 1, against 10,000,000 last year. and 10,774,000 yefc.r before last, and es timating the crop at 13,000,000 to 13.- 200,000 bales exclusive of linters. The buying today was influenced by more favorable advices from Man chester and Liverpool and by the an ticipation of a revival in the spot de mand as the result of increasing ac tivity of the mills which hold small stocks, particularly as regards south ern spinners, who hold light stocks. H. AND B, BEER. DRY GOODS MARKET NEW YORK, Jan. 5. Yirn dyed col ored cottons, particularly staple ging hams and chambrays, were active in the dry sroods market here today. Gray goods held steady. Yarns were firmer. Knit gooas were priced for spring on a lower basis and new busi ness began, to come forward. Some worsted dress goods of fine construc tion, chiefly tricotines, was reported as sold up for spring. NEW YORK LIVESTOCK NEW YORK, Jan. 5. Cattle, firm; steers 8.0011.70; bulls 6.509.00! cows 2.007.75. . ' ... Calves, steady; comjnon to prime veals 14.0021.00; culls - 10. 0O13.O0; little calves 6.00 9.00; barnyard calves 7.009.00; yearlings 6.007.00. Sheep ana lamos. nrm; sneep lewesi, 3.50 a 5.50; culls 2.0ft 3.00; yearlings 7.0009.00; lambs 10.0012.50; culls 8.009.00. , . . Hogs, steady; ligntweignts JJ..&U; heavy -hogs 11.00; pigs 12.00; roughs 9.00. . JACKSONVILLE NAVAL STORES JACKSONVILLE,. Fla., Jan. 5. Tur nuntlns iitrri9 need ! Ralps none: re ceipts 80; shipments 66; stock 26,722. rtosm, uncnangea; saies none; re- ceipts 790; shipments none; StOCK Quote B. - v. a, x G, H, I, K, M, N, WG, WW, 11.30., LIBERTY BOXDS NEW YORK, JanJ 5. Closing prices on Liberty Donas; a'fes va.av; secona 4s 86.40; first 4s 86. so; secona 4s R.60:! third . 4s U'J.se; tourtn ifts; 86.80; Victory 4s; 96.76; Victory ,3 s .a. - Ten-acre farm .with up-to-date cot- . ... . . i . . i tage, earns, etc., ior a.e. auuu t one- half mile from the,, city. , Very attrac tive ... proposition. Ask us about it Wright's 'Real Estate and . Fire-insurance1 Agency. (Adv.) - V . Today lusmess Cleaning the Shelves for 1921 Retail merchant in particular and business men in general haveawaited with the-most lively .interest the? out come of .the much-discussed Ti holidav trade. Telegraphic reports frorf most of the shipping centers ' in thelniiddle west and west indicate that merchants mere were generally gratified Dy-large holiday buying some reports ' showing even heavier sales. than-; any-pn Vefedrd. The movement around New York and Boston, on the other hand.1 appears not to have 'been'"" particularly . pleasing. While some merchants report heavier sales than ordinary for the holiday sea son, others say that customers "pawed" over the croods industriouslv but bought hesitantly. . . -" Price Slaahjns The "dopesters" may hav , gone wrong pretty, frequently last fall in their attempts to forecast business gen- n ..... . piany, uui tney appear to have been right in predicting radical retail price cutting immediately after Christmas. It has now begun in earnest. Between Christmas and New Year's day most of New York's leading department stores announced "drastic reduction." "extra ordinary clearance," and "sacrifice" sales, making cuts running, up to one half the original prices. Dealers every where in New England, particularly, are preparing for January sales.: Since people throughout the. east have long held off in anticipation of these sales, and it now appears that the reductions win amount to real "slashes," manjw are nredietinp- that Kn.l(9 uMll ha lar-o-ai this winter. Easter cornea early this year, moreover, on March 25, so that it will not serve as a spring opening date. Thus if spring comes late this year there should be three good months yet for merchants to clean up old stocks before showing their spring lines. nvestor Liberty Fourth 4.25s Should Be Exchanged Holders of fourth liberty loan 4.25 per cent bonds should give their atten tion to the exchange of their present bonds for those which the treasury is now preparing to issue. All the semi annual interest bonds have been paid, and it is necessary for the treasury to exchange them for bonds containing a coupon for every interest date to ma turity. The government cannot effect this exchange without the "co-operation of individual bondholders, since there have been extensive sales of fourth 4.25s during tlie two years since' their issuance. Owners of these bonds should deposit. them withtheir..Jjanks, which will then turn them in to the federal reserve banks 'and receive permanent bonds. The New Yoi$c reserve bank has just informed memberbanks that it has an advance supply of bonds and will begin making deliveries on Janu ary 5. Ifinvestors do not attend to this matter before the April interest date their income, from bonds of this issue will not be .forthcoming. This does not mean that the Interest will be lost, but it does mean that the bond holder will be denied the use of inter est due on that date and on every sub sequent semi-annual interest date until he makes the exchange and thus comes into possession of cashable coupons. Duluth, Missabe 5 Well Secured Few investors in the coast cities-Have ever heard of the Duluth, Missabe & Northern railway. It operates in the iron mining section or JMinntesota ana s controlled by the United States steel corporation. Funded debt is small ana earnings have been and still are at a rate with which those of few carriers compare favorably. The general mort gage 5s, due in 1941, are selling arouna 93.50 for a current return of 5.85 per cent and a yield of 5.55 to maturity. The record of prices for this issue in the past points to a prospect of appre ciation on the' downward swing of money rates. In the period l9U3-lib the range was 100.5O to lUb.zo, ana in 1918 it was 96.75 to 97.50. Last year's $50,000.00 , FERRY IMPROVEMENT BONDS Sealed proposals will be received until 10:00 a. m., January 10, 1921, by the Board of County Commissioners of New Hanover County, N. C, at the office of the Clerk, Wilmington, N. C, for the purohase of $50,000.00 Ferry Improvement Bonds of New Hanover County, dated January 1, 1921, matur ing $2,000 annually January 1, 1923 to 1932 inclusive; $3,000.00 annually January 1. 1933 to 1938 inclusive, and $4,000.00 annually January 1, 1939 to 1941 inclusive. Denomination $1,000.00. Principal and semi-annual interest January 1 and July 1, six per centum per annum, payable at National City Bank, New York, in gold. The bonds and attorney's opinion to be furnished by New Hanover County. ThB full faith and credit of the County are pledged for the prompt pay ment of the . principal and interest of these bonds.: ' All bids must be accompanied by a certified check equal in amount to five per cent of the aggregate amount of bid. Bonds will be delivered in Wilming ton, New York, Chicago, Cincinnati or Toledo, at purchaser's option, on . or about January 31, 1921. Bonds cannot be sold for less than par and accrued interest. The right to reject any and all. bids reserved. . THOS. K. WOODY, Clerk. ' Dec. 9-16-23-30-Jan. 6. AnnOtincement Having installed the latest type equipment with ex perienced workmen, we request your patronage in Cleaning, Pressing and Altering. , Work Called for and Delivered' Gummer Bros. Shoemakers: ami Tailors ; ' No. 9 South Second Street Telephone 1446 . Merchant's Prob-N lems and Current Trade Conditions Labor Liquidation Liquidation of high labor costs in this country fs becoming: extensive. -judging from the many wage reduc tions announced of late. Lowering of wages has been general, affecting tex tiles,, steel, copper, leather, silk, and othe industries which have suffered from, price recessions. At the same time the number of unemployed in the industrial areas is reported to be large. While such liquidation .has the imme diate effect of reducing purchasing power, -this reduction is only a tempo rary condition itseif a step in the gen eral process of read5ustment. At the same time and from, the same causes cost of production decreases and lower prices ultimately follow. These fact ors ' together with increased efficiency of labor. will in time offset the tempo rary loss of buying power. 'Cancellation Courtesy "Whether or not the many resolu tions and schemes proposed as a solu tion of the cancellation evil prove ef fective," says a manufacturer who has had occasion of late to study this ques tion in all its phases, "we must at least have rules governing the etiquette of such negotiations. We received some time ago ailetter from a reputable western house with whom we had been doing business for many years, advis ing us to make no more shipments on a certain order. We wrote in reply that we wOuld ship the goocs as contracted, and that unless they were accepted we would be forced to place the matter in the hands of our attorneys. So far, the affair had proceeded in a correct man ner, tout our customers next move seemed to break all rules of the game. lX)ur letter was returned with a two-line endorsement across the bottom: 'We will NOT accept these goods. Can you understand that? " (Copyright. 1921. by N. Y. Evening Post, Inc.) His Present Opportunities and Problems only price was 98. There is $9,453,000 of this outstanding, and $1,174,000 more is provided to retire a like amount of firt mortgage 6 per cent bonds matur ing V January 1, 1922. When that retirement is effected the company will have no funded debt other than the general 5s. Security and Earnings The Duluth 5s are secured by a first lien on 224 miles of road, or at the rate of $59,081 a mile, and a second lien on all other properties owned, subject only to the $1,174,000 mortgage 6s. Prop erty was carried at $42,252,000 on De cember 31, 1919. Interest on the fund ed debt was earned 7.79 times last year, 7.76 times in 1918, 9.81 times in 1917, 12.94 times in 1916, and 8.91 times in 1915. The first ten months of 1920 pro duced net earnings equal to 16 per cent of interest charges for the full year A sinking fund of approximately $255,- 000 is provided for the purchase of bonds in the market at l05 or less, any unexpected balance to be- used by re deeming bonds drawn by lot. - Utility Earnings Increasing Earnings jof representative public utility corporations in all parts of the country are increasing. Only twenty one out of a selected 100 companies failed to show an increase in net reve nue during the year covered by their latest earning statements, including, in a majority of cases, the month of Oc tober. Incidentally, thirteen of the twenty-one which reported decreases are either traction companies or con cerns whose sale of power and light is only an adjunct to the traction bus iness. The prospective investor in pub lie utility securities is interested in this display in so far as it indicates the trend of events in this field. The signso oi returning prosperity in tne uumy field in general should be used as the basis for. actual investment only after scrutiny of the condition of individual companies (Copyright, 1921. by N. Y. Evening Post, Inc.) ' We are agents for HERRING-HALL-MARVIN SAFES 2 & Various Sizes and Makes In Stock " , Immediate Delivery SAMUEL BEAR SR. & SONS v. Thermos Bottles At The Rexall Store . KOSCH'S DEPARTMENT STORE Corner lxtb and Castle Streets .4,11 Cars Transfer Over Here SUBURBAN SCHEDULE '- TIDES WATER POWER COMPANY ' Winter Park. Seagate, WrirktvlUe, WrlxktavUle Beaen ana Intermediate Polnta - ' Effective Thnraaay, October T, 1920. Leave Wilmington For Wri-htvtlle Leave WUmlncton For Beach 16:50 7:20 8 8:00 8:30 X 9:30 10:00 A. A. A. A. A. M. M. M. M. M. M. M. & M. M. M. M. M. U. M. M. M. M.' M. M. 6:60 7:20 , 8:30 t 9:30 ' 20:00 11:30 1:05 2:00 2:30 8:00 3:30 t 4:00 . 4:30 5:00 6:30 6:10 -6:4u 7:15 8:16 9:15 A. A. A. A. A. A. P. P. P. P. P. P. P.. P. P. P. P. P. P. P. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. M. A. 11:30 . A. 1:05 P. 2:00 2:30 8:00 - 3:30 t :00 4:30 : 1:00 ' 5:30 6:10 6;40 7:15 8:15 9:15 IA):15 11:15 P. P. P. P. P. P. P. P. P. P. P. P. P. P. P. Tll:16 P. M. HDA1L.Y EXCEPT SUAUAY, FROM STATION No, 1, ' 1 "This car connects at Wrightsville on speaial request to transpor tation office. Phone No. 2701. . TJThis car will go through to beach on epefijal request to transport, tlon office. . i Daily except Sunday. -.. s f Saturdays and Sundays only. Sundays only. Freight Sckedule Dally Except 8 vnaay. Leave Ninth and Orange streets 3:00 P. M. - Freight Depot open daily except Sundays from 1;00 to 8:00 P. M. STATE SECURITIES COMPANY INVESTMENT BANKERS STOCKS? BONDS R. L. HENLEY, 903 Murchison Bank Building Telephone 290 STOCKS arid BONDS COTTON, GRAIN AND PROVISIONS H. G. Latimer, Jr. . ' Member New Orleans Cotton Exchange Direct private wires to now Orleans, New York, Chicago and all principal points. Orders solicited for future delivery in Cotton, Grain, Provisions, Cottonseed. Oil, Coffee and Sugar. Securities bought and sold for cash, or carried on conservative margin. -Correspondent, H. and B. Beer - 401 SOUTHERN BUILDING New Orleans, La. PHONE 339 What Do You Think OI Thlsl AN IYER-JOHNSON BICYCLE FOR CHRISTMAS I QUEEN CITY CYCLE CO. 209 Market Street TELEPHONE 862 NOT TOO LATE TO PLANT RYE WE HIVE 100 sacks Rosen Seed Rye. 20 sacks Abruzzi Seed Rye. DONT FAIL TO PLANT OATS 500 sacks Burt Seed Oats. 100 sacks Rust-proof Oats. Bg stock of all kinds of Feeds and Canned Goods Prices on basis of present costs D. L. GORE COMPANY Wilmington, N. C. DRUGS v CANDIES CIGARS J. HICKS BUNTING DRUG COMPANY Second and Princess Sis. Your Boy Wants A CROWN MOTO-BIKE Cash or Weekly . Payments Wilmington Cycle Co. 215 Market Street Phone 526 ' W. E. & J. H. TAYLOR FAMILY GROCERIES AND" COUN TRY PRODUCE Fruits, Candies, Cigars and Tobacco. Chickens, Eggs, MCats, etc - North Carolina, Meats a - - specialty - -'' 813 Castle-St. 1 Phone 1010 Leave Wrlrhta villa For ' ': WUmiagton : 6:00 l:8S 7:05 7:35 9:15 10:15 10:45 12:15 1:45 2:45 3:15 3:45 4:15 t 4:46 :15 :46 6:25 6:55 7:25 7:56 8:30 9:80 A, M. M. A. A. M. A. A. A. P. P. M. M. M. M. M. M.' P. P.;M., P. M. " P. M. ' P. M. P M. P. M. P;-M. P. M. P. M. INVESTMENT SECURITIES President STARKE Y & GOLDBERG 8TILL LEAD THE WAY f BACK TO 1014 PRICES FOR SALE! Irish potatoes, onions, cabbage, lima bean? (the kind that cook), navy beans, blackeye peas, dried peaches, apples, prunes, Lily Brand full cream cheese. Franklin and Cortez cigars, Wascot and Rief'a Ganger Ale. Bear Produce and Merchan dise Company . (Wholesale Only) Cor. Nutt and Grace Street Phones 452 458 Coal : Cement : Wood Orders Solicited Phone 173 BECKER COAL AND BUILDER SUPPLY COMPANY Sixth and Campbell Streets WILMINGTON MATTRESS AND UPHOLSTERING CO. FOURTH AND WRIGHT 8TS. Upholstering and Repairing Furniture Packed and Crated PHONE 1851-L3 j FOR REMODELING AND GEN ER.A.L HOUSE REPAIRS SEE S. PRIDGEN 806 8. Seventh Street Abdpminal Belts Special tof Order. The Rexall Store CITY ELECTRIC CO. .206 Princess St. Phone 003 APPLIANCES t MAZDA LAMPS WIRING t SUPPLIES UNION METAL WORKS - Tin and Sheet Metal Work Radiators and Fenders Repaired -Hot Air Furnaces' Installed - . 14 a. second Su Telephone 2103 Save Coupon Front DLX-E BREAD They Are Valaahle . ' : Atlantic Baking Co. Leave . Beach v Far WHmlnrton e:10 A. M. 1 :50 A. M. . i 7:20 A. M. 7:50 A. M. 8:80 A. M. . 9:25 ' A. M. 110:25 "A. M. 10:55 A. M. ' 12:25 P. M. 1:55 P. M. 2:65 P. M. 3:25 P. M. '" 8:55 P. M. - 4:25 P. M. 5:25 P. M. '5:65 P. M. i 6:36 P. M. 1 7:05 P. M. .7:85 P. -M. 8:05 P. M. S:45 P- M. 9:46 P. M. 10:45 P. M. 1111:45 P. M. . in 1PM mmm 'H V-V 1 $ Ji" "I1' I' ' I r mm SHI r mm n . J -it v. ' -St1 '"!li"'il5":. ' Vv'..' j ' --. . 7 ; f) i f '.I'-tf.-i- ; -K,J m V.,vs I 'i'i ?' 'l .,- ft.' V V .Mv. Ji!. 'f Ail' v;H'K.'l' 'f;.f.t--r' rv'Ui' ;" )' ... ..-, - ' - j : ij-i -1 m- "V i ;.;;-'U' itl! :.'(':!.'.V'!:'-. ?'X0f:'- t. . '! ... t- h.- 4H i- If , t : v. -r:-.i; - -t: ..::Uk:;i. 5l. At .V 1 1 .' T . It , WW ...... Santos 4 Sfttffvtt.- 1 som f 'if
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 6, 1921, edition 1
11
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