Newspapers / Wilmington Morning Star (Wilmington, … / Jan. 7, 1921, edition 1 / Page 13
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THE MORNING STA$, WILMINGTON, N. C., FRIDAY, JANUARY 7, 1921, THIRTEliLiN Finatic:t TrrVrVCK ll It omww lllll . ill If 1 1 1 1 Wl i ; ,7 I KS rD A11VT "ERfc II . H II shunus-- News ml V Mi" v , i , I '. T w"xx xraaing on thel gmcAQO,. Jan. 6. Belief that an in- ciicouKife-- - - j ""se was lively and broad emergency tariff on grain was certain, .-liitvtcj nrao oiriiovi r in i iiu t-u yn nir -w 4. - lra0e cui.u " ward shtTn;,V,,r"e. mamiy to- iea wuwwuLiaii v ii irnpr ova a . szaii i Insure profits caused occasional values -6f wh?at action of the to quick jump today in the Prices closed' buoy 'today, f'1"" V V r;ff fva.strons tone prevailed ant at 3 to 4 net higher, corn nn-i by reactions, but the market firmed up hnfc ."es at the close. ished at to fee advance; oats un- is. nr 49 nninta zCT'r "y -s. eieeis, eauiBment and ! rise ox ii to wc. - .f " " " I oil ID Til TI O- iioinSn .. T "... . I misonr,orri.t"5ciner :-wn many Wheat Open. High s aDove me iow rec-i otnoi. iiY : . I M.ar That delivery closed nish6d" hv PiigBctori were ,fur, Ma7 at , the closing quotation of yester j . j mi SS points above the low rec lilt v i w - - 1:6S 1.63 74 75 :h uaj o news wnif.n i 'Arn VVtioXtr' . noonl0 "revision of JulV lThV market opened barely steady at beneficial oftvVf T exe?ins a. P" Oats ..? , advance of 2 to 20 points 'and riess - fc ln many nes of bus May ... .48 ?" i,.d to about last night's' closing ,-. Roreieii iV.it...,,. . ' July .48 'Station right after the call under soon clhopfiprth??f e Pe"ed strong, but Pork 2 aiS nl"an I southern selling. Liyerr erdayt su 1 .o "as an active buyer hire, how- British b ll P r hladVancf,Tmlly ' Ufl1- p" i "hilc there was a distinct pensiotfof S'n l?-SP V? 8? Jan Bra 3- - I- Willi i'ldJ OC1UIIK UU LU li).il.l V'flr tho .nn. i . I Low. 1.67 1.61 Close. 1.73 1.67 V usiness Tway Mercanfs Pfob lems and Current Trade Conditions Stop orurio uncovered on this rTir, X ,"JLtlZe recent snarp May after their execution the to nt:rb"',Z ,"llIieB 13 oeneyea .75' -73. .75 .76 '2 4V8 .76 .49 " .48 . .45 .48 .47 .48 22.85 13.10 12.90 131J0 13.80 13.45 13:0 11.77 11:42 11.77 12.47 i2.15 12.47; ; ,rk t o:)s. d off under realizing with quarters whir. irom speculative maiKu (iown to, 14 77. and Mav SiL-ii where the short interest in March V 'Link 5-" it' aJt Sterling and francs is said to have ,, to 11 or 14 . to 22 points net been unusuallv tmiv0 failure of a small Liverpool cotv duriSB flnarrLfeVd? IP11 firm and suspension of one of the of crucible steel eeneral LnhaU ond .Un lxnk8 had an unsettling in- the rubber group,8' this e and kindred flmnc. may have accounted for some issues showing net wins of 2 to 5 f the . reaiiJsuiB uui 1. t "- points. Oils also hardened, but wera ,-ame very nrm anu acuve aunn me restrained by pressure against Mexi w,l. afternoon on bullish southern can Petroleum and rails forfeited part v advices, favorable goods trade re- of their advance P ports and encouraging reports from, Bonds, notabiy convertible rails, n-!. JiTJl -ctive and "gher"1 iii.'M " : -rV 1' wc" a some or tne lore en issues SSSThSS1 & KtlSi1 WILMINGTON MARKETS. SP1KITS OF TURPENTINE Nothing doing: ' KOii wothing aoing. TAR $4 and 15c. ViKiiln Aoinin& doing. YELLOW DIP JNOthing doing, HAKD Nothing doing. COTTON WILMIGTON SPOT 13 c manfl. J?.1:"1" ""t"-'"' ul . w Particularly the Swiss division. There points net nigner, wiiii me ciose sev- was a good inquiry for Liberties, most ir;u pui..i -, , i jvnicn c.iosea at erains. Total sales. , r - realizing arc or ine Liverpool ouy par 'value. $18,075,000. 01d.U. S. bonda P S,?-i??t?uiS l? 5.; PltOULCiJ iuab.Ki:t. CORN $1.15 to 1.50. BEEF 10c, dull. VEA1- 10c to 12 c, very dull. iiACUiS I 'J. j udiuti -sU. JivieS and ff here was attributed to the closing were unchanged on call. ,ut of the interest of the failed Liver- p NEW YORK STOCK LIST Stock Oil aool firm. Futures: January . March . . May . July .. .. October . . High. Low. Close. 16.20 15.70 16.00 15.44 14.77 15.40 14.78 15.47 14.88 15.50 14.95 KW ORLEANS COTTON 15.17 I Am. Beet Sugar 15.15 Am. can 15.23 1 Am. Oar and Fdry .. 15.25 Am. Hide and L., pfd. Am. 1st. Corp , Am. Locomotive Am. Linseed EW OULEANS. Jan. 6. While the Am. smelt, and Kef. .. cotton market stood at small to mod- Am. Sugar trate advances during the greater part Am Sumatra Tobacco, of the session today, there were. peri- Am. Tel. and Tel. .... oils of easiness, the most pronounced Am. Woolen of which followed reports of a bank Anaconda Copper ... failure in London and failure of a spot Atchison. cotton house in "Liverpool. It was Atl. Coast Line more of a two-sided market than usual Atl., Gulf and W. I. . of late and while fairly strong ' gains Baldwin Locomotive . were made toward the close, the close Bait, and Ohio itself showed net advances on the day Beth. Steel "B" M but 12 to H3-points.; Canadian., Pacific Much better cables than due, put Central Leather prices up on the opening but when the Chandler Motors initial advance amounted to 27 to 2S Chesa. ahd Ohio points, the market ran into reports of C, Mil. and St. Paul . tin failures on the other side of the C.. R. I. and Pac water and a down turn resulted which Chino Copper finally carried prices nine to 20 points Coca Cola under the close of yesterday, March Colo. Fuel and Iron .. dropping to 14.09. Corn Products After mid-session traders on the Crucible Steel long side became aggressive and more Cuba Cane Sugar or less outside buying came in which Erie . , Foon absorbed the supply of floating General Electric ..... vontracts. Prices were ' mil up very General Motors . :tui.kly to level of 43 to 48 points Great Northern, pfd. higher than the finals of yesterday, Gulf -States Steel whire March stood at 14.68. On the Illinois Central lose March was at 14.57, rrfuch realiz- Inspiration Copper . ins coming from recent buyers in the Int- Mer. Marine, pfd last few minutes of the day. International Nickel , Futures: High. Low. Close. International Paper . January 14-ofi 14.00 14.35 ivennecott copper 14.09 14.23 14.38 14.38 March 14.68. May i. 14.88- July j.. 14.90 October .. 14.58 DAILY COTTON TABLE 14.37 L. and N 14.56 Mexican Petroleum 14 70 I Miami Copper 1470 Middle States Oil .... MidvalQ irteel Missouri Pacific New York Central . . . N. Y., N. H. and Hart Norfolk: and Western re- Northern Pacific 966; Okla. Prod, and Ref. . Pan-Arrt. Petroleum . . 46 26 121 46 40 83 54 38 91 77 95 61 37 83 84 69 86 85 56 115 38 66 60 28 26 22 20 28 RRU Port Movement New Orleans Middling " 14.0(T; c.eipts N.656; exports 358; sales stock 147,16!t. . '"- Calvcston Middling 14.00: receipts Pennsvlvania ft.r.os; exports 13,097; sales 903; stock Pitts, and W. Va.... 373.S4R. Pure OU -Mobile Middling 13.25; receipts 218; Ray Con. Copper ... stock 20.667. Reading '. Savannah Middling 15.25; receipts Replogl3 Steel 502; sales 197; stock 152,590. Rep. Iron and Steel Charleston Receipts 236; stock 243,- Royal Dutch, N. Y. . '' - " St. Louis and S. Fran Wilmington Middling 13.50; receipts Seaboard Air Line .. a3: stock 43,609. , Seaboar! Air Line, pfd icxasiiy siock 2,85i. shell TJins. ana iraa Norfolk Middling 14.50; receipts Sinclair! Oil and Ref. . 731; sales 902; stock 83.762. Sloss-SRef. Steel and I. Baltimore Stock 3.681. Southern Pacific Boston Middling 16.35;. receipts 158; Southern Railway stock 12,000. Southern Railway, pfd 1'niiafielpliia Middling 16.75; re- Std. Oil of N. J., pfd . eipts 54; stock 5,932. Studebaker Copp. ... New York Middling 16.50; stock 27,- Tennessee Copper .. 'h:- - Texas Co Minor ports Stock 2,407. Texas and Pacific . . Total today Receipts v20,lll; exports Tobacco Products ... 13.4.i5; stock 1,420,112. Transcontinental Oil Total for week Receipts 95,140; ex- Union Pacific ..." ports 98.021. United Fruit Total for season Receipts 3,542,562; u S. Food Products . exports 2,500,247. U. S. Ind. Alcohol .. U. S. Retail Stores .. Interior Movement ' United States tu,DDer Houston Middling 14.00; receipts United States bteei . 9.142; shipments 8.418; sales 5,616; U.' S. Steel, pfd stock 370,804 . Utah Copper . . Memphis Middling 14.00; Teceipts Vanadium Corp. . . . . 2.9T3; shipments 1,954; sales 1,650; Virginia Caro. Chem. stock 382,94 5. Western Union A tigusta Middling 14.13; receipts Whouse Electric ... IBs; shipments 1.90i: stock 160,317. Willys-Overland .. St.. Louis Miririli no- " 14.00 rerAftiti I Invincible Ull - - r - WW-- - i ... n i -.i: shipments 2,948; stock 20,582. Atlanta Middling 14.00. Little Rock Middling 14.00; receipts 'im: shipments 673; sales 379; stock b2ti)0.1. Oallas High Low 47 27 123 48 42 84 55 38 92 77 98 64 38 84 85 73 S9 36 57 117 A A If. 69 61 29 27 23 21 30 68 85 23 14 121 15 76 29 89 35 53 16 '46 20 102 155 19 14 31 20 73 19 101 83 3 74 41 30 35 14 83 34 65 D D 78 23 6 11 44 23 51 100 23 58 105, 49 8 44 16 55 8 120 200 23 66 55 69 82 109 55 35 38 88 , 44 8 23 Sale 80 na r 14 121 14 75 29 88 3A PA, 15 A A 1 a t t i i 'a 102 150 18 18 31 19 71 18- 100 81 3 71 41 29 34 13 82 34 64 64 23 6 11 43 23 51 99 22 58 105 47 8 A A 1 16 54 8 118 199 22 65 55 64 81 109 54 33 37 87 43 6 22 47 27 123 47 41 84 55 38 92 77 98 63 38 84 85 73 89 36 57 69 61 29 27 22 20 30 68 84i 23 14 121 15 76 29 88 53 ;N 16 46 20 102 154 19 14 31 WILMINGTON SPOT 14c, CAKE TALLOW 5c. BEESWAX oOC. JtiiJjn,a 6c, uuii. x WOOL fco n:arust. HENS $1 to $1.25. LARGE FAi-L CHICKS 80c to 90c SMALL SPRING CHICKS 35c to &0c, dull. . EGGS Steady, 62 to 65. BUTTER 35c. POTATOES $4.00 bag. SWEET POTATOES J1 to $1.2i CABBAGE $2.0U to $3.00 cwt. APPLES $6.00 to $7.00 bbl. WILMINGTON PEANUT MARKET (Reported by j: . S. Funchess & Co.) White Spanish, farmers' stock, new crop, primes, per bu3heL 30 pounds. $1.10. isorth Carolina, larmerj' stock, new crop, primes, per bushel, 28 pounds. auc. . Virginia . Runners, farmers' stock, new crop. primes, per bushel, iz pounds, 88c. Viiirinia Jumbos, farmers' stocK, new crop, primes, per bushel, 22 pounds, $1.00. Inventory Vnlues for 1920 Taxes Merchants generally ape uncertain,1 in preparing to make their 1920 tax returns, whether to take the value of December 31 inventories at cost or market. The practice heretofore has been to take actual cost as the basis, and when prices wece on the increase that method was ' advantageous to the merchant. But. with prices falling most dealers prefer to-base returns on the prevailing, market ; wlue. The in ternal revenue oureau now has ruled-f. - Tri-k to ratoh Trndi- that prevailing hmrketyalues may be U Arde from the substantial price cuts used. The ruling does hot.-' however: have any bearing on the -earlier plea that deduction be allowed from 1919 taxes on account. - of 1920 inventory losses. rangerpentf of store, 9; ignorance con cerning goods, 5; refusal to exchange good. 3. .' Allowing for the exaggerations of cantankerous customers, this survey shows clearly the importance of hav ing competent, aleftr, and courteous salespeople. Indifference, over-insistence oi insolence of clerks alone, tak ing the. above situation, account fov 40 perfcant of the "lost" customers in retail trading. :; which firms are announcing every day now, - many nave.- conceived -novel schemes f or accelerating saeYs. One fm portant firm, aftet announcing a "half price" sale, is b-ffering $5 free every hour, on the ihour, to -the jiurchaser January white Sale ; T whose cash-reeister receipt shows the January saxes ;or, white goods In New. number drawn fthat hour. Another firml York, which. have come to be a tradi-i4 iar seeking to; 'accelerate purchases by tion wiui aimost every store, are now a so-called "1 cent.-sale," running for on. SUBURBAN SCHEDU LE TIDE WATER POWER COMPANY Wlater.Park. Seagate. WrlgatsvlUe, Wrlgataville Beach aad . " -. '- Ietermedlate Polata ", " . effective Thoraday. Oetnber T, 1920. Leave " Wilniiagtoa For . WrlKBtaville 96:50 7:20 8:00 8:?a ,9:30 10:00 11:30 1:06 2:00 2:30 $:O0 3:30 t 4:00 P. 430 P. 5:00 P. 6:30 P. 6:10 P. 6:40 P. 7:15 P. . 8:16 P. 9:15 P. " 10:15 P. -11:16 P. A, M. A. M. A. M. A.M. A. M. lA. M. A. ' M. .P. . M. -P. hL P. M. P. M. M M. M. M. .M. M. M. M M. Leave Wilmington For Bcaea 6:&0 A. M. 7:20 A. M. 8:30 A. M. X 9:30 A. M. 20:00 A. M 11:30 A. M. 1:06 P. M. 2:00 P. M. 2:30 P. M. 8.00 P. M. 3:30 P. M. t 4:00 P. M. 4:30 P. M. 6:00 P. M, 6:30 P. M. 6:10 P. M. 6:40 P. M. 7:16 P. M. 8:15 P. M. 9:15 P. Id. jll:16 P. IL Leave Beach For Wnmtngtoa - 6:00' A. M. 6:35 A. M. 17:05 A. M. 7:35 A. M. 8:lS A. M. tl0:15 A. M. 10:46 A M. 12:16 P. M. 1:46 P. M. 2:45 ,P. M. 8:15 P, M. 8:46 P, it. ' 4:16 P. M. t 4:46 P. M. 6:15 P. M. 5:45 P. M. 6:25 P. M. 6:56 P. M. 7:26 P. M; 7:66 V. M, . 8:30 P. M.v 9 :30 P. M, , ' .' ,'Leaate' Wrlghtavllle - Fo - " Wilmlagtea - 6:io 6:60 7:20 A. A. A. 7:50 A. I 8:30 A. 9:25 A. tlO:25-A; M. M. ' M. -M. M. M, M. 10:65 A. M. 12:25 1:65 2:66 2:25 8:66 4:25 4:55 6:25 5:66 6:35 7:05 7:26 8:06 :46 P' M. P. M. P. M. P. M. P. M. P. M. P. M. P. M. P..M. P. M. P. M. P. M. P. M. P- M. 9:46 P. M. 10:45 P. M. jll:46 P. M. Four of the largest stores launch- ! about ten days' after New Year's day. ed these sales the duy after Christmas, J The cost of buying a second article y and others are making their offerings 1 1 made a very small fraction of the cost Of the -first, varying from 1 cent to 10 this week. A. comparison of the new prices with those at the same sale last year shows the" average to be 24 per cent lower. Taking the previously mentioned four stores as typical, linen damasks and American-made nainsook undergarments are higher this year than a year ago, but the other lines are quoted lower by as much as 60 per cent. Why Stores Lose Trade A recent investigation among 197 households, to "determine why those households had quit trading at certain retail stores, offers some practical hints to store managers. The chief .reasons brought out by the inquiry are as fol lows: Defects of salespeople Indifference, 47; over-insistence, 16; insolence, 16; total, 79. Attempts at substitution, 24; errors 18; tricky methods; 18; slow deliveries, 17; unnecessary delays in . service, 13; tactless business policies, 11; bad ar- i according as the original article sells for $1 or $100. ' Thus two pairs of 10 cent laces may be had for 11 cents while two $75 overcoats may be had for $85. Movement of Wheat to Market There can be no doubt that much of our wheat has been effectively held from the market ths season, and that prices have been sustained accordingly Only 180 million bushels of wheat had moved to the primary markets by the holidays here since August 1, against 259 million last year, and the market receipts of flour anyiunt to only 5.4 million barrels, against 9.5 millions last year. The movement to foreign ports, on the other hand, once the wheat has reached our own primary markets and the seaboard, has been very much greater than .last year. Our exports this year have reached 192 million bushels since July 1, against only 95 million last year. !W8Tfl tie Investor His Present Opportunities and Problems 19 100 83 3 73 65 66 23 6 11 43 23 51 99 23 49 8 ,-44 16 55 8 120 201 22 66 55 68 82 109 38 88 44 8 23 Total sales, 762,300. NEW YORK BONDS u. s. 2s, coupon 101 106 UK AGO GRAIN LETTER . idd nc IS (is- mips ..-;(. l-r. SatiA Montgomery Middling 13 50 .sales 21. American Tel. and Tel.' cV.' Sa. nts 13.894; stock 997.133. AHanUc T Coast Line 1st 4s. . . . . . Baltimore end Ohio cv. 4s Bethlehem Steel ref. 5-s w.ol nf ilnnrirla Pyiti Ks (I'urnishrd by if. G. Latimer, J' Chesapeake and Ohio cv. 5s lurirapoButnu IChlcagO, rs. ana vimncy joint is ' F1ICAGO. Jan. 6. Market showed a rhlrairo. Mil. and St. P. cv. 4s. reversal in form with the . crowd bear- phicaeo. R.' I. and Pac. Ry. ref. 4s '. ucvuiie uuut up a large euuri. -ir,itv Of fans OS PETERSBURG PEANUT MARKET (Reported by Rodgers, Plommer and Company, Inc.) Spansh (farmers' stock), market weak, 95c per bushel. Virginias (farmers' stock), market quiet: Fancy Jumbo 6c to 7c per lb.; extra prime, 6c per lb.; prime, 3c to 4c per lb.; shelling stock, 3c to 3c per lb. DAILY COTTON LETTER Furnished by H. G. Latimer, Jr., 401 Southern Bldg. NEW ORLEANS. Jan. 6. After rul ing higher this, morning the market declined as a result of report of a bank suspension in London and a failure in 20 j Liverpool. The early rise in values 72 I a 1 1 ri hn t tn MflnnhpclAr chnrtu covering, and a further advance in foreign exchange. Hundreds of industrial plants are 41 rePninS throughout tne country after 30 long periods of idleness. From Maine 35 to the Carolinas and from the manufac turiner centers of the west xUftriatohea 83 tll iiq nf rr- rpvtval in inrlnlrv that 4lhas ushered in the new year. New York reports trading jn cotton goods there yesterday was active in numerous lines, with yarns firm, the low prices being attractive to buyers. The failures reported in different parts of the world of late are the re sult of the recent crisis and while it is possible for more failures to he re ported in the near future, suCh" oc- 8 72 I H i crw-kii r tar! 105 I Sentiment is eraduallv chane-iner at home and abroad, pessimism giving away to a feeling of more confidence, and recent trade and financial diffi culties will probably soon be a" mem ory of the past. For the immediate future there is a likelihood of some unfavorable mar ket developments, suph as the prob ability of small mill takings for the current week, large ginnings January 10, and bearish consumption returns for the month of December, due Janu ary 14. Ap nritinp-l v nfr i nrl i fa 1 spthnotrsi in 54 the market are likely, but as such de 9t velonments are Drobablv hearlv -dis counted because of prevailing low prices, arty depression that may de velop is likely to be temporary only. The trade is now paying particular attention to possible and probable fa vorable developments in trie spot de partment, asythe coming of any de mand of importance, long delayed, would likely be the signal for a re vival of the bullish movement in the Present large stocks in the south are firmly held- as holders are determined to force a drastic reduction in the acreage at planting time, gradually approaching. When the world is , con vinced of tne intention or tne soutn Relative Movement of Bonds At the year-end first and second grade railroad' bonds showed smaller net losses than the other two classes of corporation, issues entering into the list of 40 representative bonds used for striking average prices. The average price of ten high grade bonds was only two and two-thirds points lower than at the beginning of 1920, and ten sec ond grade railroad issues two and one- third points lower, whereas ten public! utility Issues were five and a half points lower and ten industrials a lit tle more than eight points lower. The reason for the heavier depreciation of industrial bonds is plain to any inves tor who observed the drastic reduction of industrial stock prices. Stocks, representing ownership of manufactur ing .-porattons, reflected business stcs'-tion and the uncertain outlook lor the resumption of adequate earn ings. Bonds of the same corporations, representing their credit, were subject ed Xo much selling by persons or cor porations in immediate need of cash. Public utility bonds declined with the rails lu 1919 and continued under heav ier nressure'in 1920 than the latter. In the case of the utilities there was no general influence such as the rate In crease applying to all railroads. The wide disparity between the net decline of industrials and that of rails was ln keeping with the change in the for tunes of these two classes of corpora tions. In 1919 the outlook for indus trial enterprises appeared bright, while a great number of the railroads were paying their way only by virtue of gov ernment compensation, with no definite provision yet made for the resumption of private operation. At the end of 1920 the situation with respect to these two classes was reversed. ors holding the divisional 4s cannot find in this provision an incentive for hold ing out against converting their bonds into,,libertys, since the company is not obligated to call bonds for redemption when they are not purchasable in the bpen market. Southern California Edison Ss Southern California Edison company general mortgage 5s, due in 1939, are selling around 74 for a current return of 6.75 per cent and a yield of 7.60' if held to maturity. Outstanding to the amount of $13,860,000, they are secured by a mortgage on the company's entire property, subject to $5,139,000 of prior liens. Ths property was carried a $85,277,000 in the 1919 balance sheet Total funded debt, including the gen eral 5s, is $49,762,000. Net earnings last year were 1.96 times fixed charges including interest on the funded debt and in the period 1910-1918 these charges were earned 1.83 to 3.04 times Net revenue for the eight months end ed August 31 wa.B $4,296,000, compared with $8,444,000 in the corresponding period of 1919. The company and its subsidiaries operate in the southern part of California, serving a territory of 1,250,000 population. 96 76 77 69 80 83 ooii to produce a very small crop this year, 932 the present large surplus will lose its t. and the persistent taking of the Colorado and Southern ref. 4-s. 74 cq tZ I innuence as ueui cssmg icaiure. " 72 1 T-r a vn Tl RU!PP 95 NEW YORK COTTON wheat brought up in the buying orders I Denver and Rio Grande con. 4s. ;mi a penerai covering movement. Dominion of Canada ts .iikj i) 63 87 43 NEW "mmm i traae wan reoortea quiet, re tt'i.Ia o-on . .43 - - - ipts small, this being the only bvUllph fmofs Centra ref. 4s . . . . . . . . . . 75 spot advances were favorable to fa.-tor in the grain; outside Influence gt mm. Marine 6s 1S Demand in the gcds market and uis the report from Washington that .k??uJ?ZWi Southern ref. 6s ... 73 opening of a number of Ohio s !'.'.'; Fordney tariff emergency tariff r'Ttt Ind Myers 6s ....... ..bf 79 mills receiyeci important commeni "11! WOlllfl njiRR i . - Louisville and Nashville un. 4s. orn followed wheat on the advance, I ivrissouri. Kan. and;Texas 1st 4s.. 1111 reports of higher cash prices in Missouri Pac. gen. 4s li"1 markets, the receipts are enlarg- New York Central deb. 6s. 91 reTentenni 'ns: the price of hogs going down, but Norfolk and Western cv. 6s...... 104 firmed up here appears to be a disposition on Northern Pacific 4s jf was reco 'he nait nf tho hio- iiAaiPrg tn store i, i i r dtk tone conti the bier dealers to store pnvivania aren. 58 'ovn and their buying has .been the -Readine een. 4s strong feature. ' Republic Iron ahd Steel 5s (1940) vith the market turning opposite st. Louis and San Fran. adj. 6s.. o general opinion, the probability Is seaboard Air Line adj. 5s ....... 11 snort life to the rallv and recom- onhn tiaII Tel. 5s 'mend selling on tho advance. Southern Pacific cv. 5s .......... - 99 southern Railway 5S" ............ ? hamithflrn Railway gen. 4s ....... COTTONSEED OIL : Tatsh and Pacific. 1st.., ...b Union pacinc 4 (Special to The Star) YORK. Jan. 6. Eastern belt today. re- sheet 7q?1 mills received important comment. A T8 I 3 ,1 1 all1no tirVilVi naitaaA 4-V, o. 59 Z? I forenoon weakness was supposed - to Kit I be for the account' of covering shorts I !.-.! .1, morlrnt Whan rCTCIltei llljg tllC lllfl A... . ' vH pilVCO later some or this cotton recovered. The markets under tone continues good and it is believed trade channels are being revitalized by growing confidence. ' ORVIS BROTHERS AND CO. 90 79 85 64 37 81 NEW YORK LIVESTOCK KW YORK, Jan. 6. Cottonseed Oil u. K. of G. B. and I. 5s (1937) "Uanced c a pound through buying U. S. Steel 5s f-otton houses, and active corering of , Virginia Car: Chemical, 5s. iiori.8 on the bullish showing in lard Wabash 1st . . aiifi grains. Numerous, stoo orders wtlsnn and CqCV. 6s ............ were uncovered on the way vfp. Clos- - - '"ft bids were 50 to 58 joints net ' DRY GOODS MARKET '"Kl;'r. gales 25,300 barrels. Prime " : - - , " u . frudo 6.00. sales; prime summer yellow NEW YORK. Jan. 6. More biismess ; osed at 8.50 bid for spots; March 8.82; today was coming forward on finished -"j v.xi ana juiv .4: ail Dia. onttnn eooas. reiwics, b'9 NESW YORK", Jan. 6. Cattle, no B9trading. Calves irregular; veals 14.00 7S - J 21.00; culls 10.0013.00; barnyard calves l.VUfry'J.vv, western caives ix.so (912.00: Indiana calves 16.00. - Sheep and lambs, steady; sheep (ewes) 3.50B.60; culls 2. 0003.00; yearlings 8.00 9,00; lambs 10.50 13.00; culls . 8.00 9.00. Hogs, steady at 11.50 fo rlight to medium; heavy 11.00; pigs iz.ou; rougs 9.00; stags 6.007.00. , ; 82 86 93 91 85 -a 83 JACKSONVILLE NAVAL STORES SUGAR AND COFFEE hams and chambrays were acUve .. In JACKSO.NVibi, Jan. b. Tur ham? . f "a itV, honsAs. More pentine, unchanged; sales none; re ?mJL "was reported In ceipts 66; shipments 252; stock 26,536 il i I hl on-Hnsr wash eoods houses. Rosin, unchanged; sal x i , , - - " ' " ' I m a- maeri crffr a n Oil SRS. I XLUSlIi. miV.-UO-J..,vt. -iv" J c MV YORK. Jan. fi. Raw.SU SOffle OI ineWliB."' "ut- 1 !' .h!nmpnt nnnpl strwlr -185 - - ' ' i . f nniior mi r huk iiiuiiei i v,ci w lo . - w Yarns wci c oau'L r , i . . -. Ul fl'i.l.. . ft - - rennea aemana moderate, un- ,v i.. t vrDi sci , . Ii r. - - - ' . I . . js . . jm Kit r om zm I t m HIT I r! M All LU431-. t 7.9Q8C tor granulated. ' VeY roods and! Quote B. 'D, 7'" al Y.siueygc ior granuiatea. &nu l,:'w"' "nlt.STn dress iroods and I Quote i B. D, Coffee, better demand; Rios 7s 6 tolness jvfts renorted in dress gooas ..na.INc. .w'w. i; Santos 4s 8 to 9 (.Uilka:p : ' ';-;; rV " " , " : , ' -. . X E, F, G, II. 11.30. I. K, M, Atchison 4s Due 1958 . Another highly rated security of the Atchison, Topeka and Santa Fe rail road is the Transcontinental Short Line 4 per cent issue due in 1958. Selling at 72 their current return is 5.55 per cent. The yield if held to maturity is 5.85 per cent. Of the $30,000,000 authoVized under this loan, $22,545,000 has been issued and the remainder 'is reserved for future improvements, extensions or acquisitions. The bonds are a direct obligation of the Atchison company, secured by first direct and collateral liens on miles of road, at the rate of $20j495 a mile. The. company .reserves the right to -redeem the entire issue at 110, but since 1908, when the loan was brought out, this privilege has not been exerci&ed on several occasions when refunding could have been ac complished at rates more favorable than those now ruling. The 4s sold as low as 62 and as high as 77.50 in 1920. In the per;od 1911-1919 their price range was 73.50 .to- 9425. Net income of the Atchison system availa ble for interest charges was 4.22 times those charges in 1919. In the period 1911-1918 these charges were earned 2.44 to 4.24 times. Net operating in come after rents and taxes (less profits tax) was $11,654,000 in the first ten months of 1920, or the equivalent of 2.29 "times bonded debt interest charge able to that period. WEATHBH LA11,Y EXCEPT S UN DA X. ROM STATION No. 1. This car connects at Wrightsville on special request to transpor tation office. Phone No. 2701. This car will go through to beach on special request to transporta tion office. , ( JDally except Sunday. f Saturdays and Sundays only. ; ISundays only. .'-' Freight Schedule Daily Except Saoday, 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 INVESTMENT SECURITIES R. L. HENLEY, President 903 Murchison Bank BuildingTelephone 290 STOCKS ahd BONDS COTTON, GRAIN AND PROVISIONS H. G; Latimer, Jr. Member New Orleans Cotton Exchange Elrect private wires to New Orleans, New York, Chicago and all principal points. Orders solicited for future delivery in Cotton, Oraln, 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 239 What Do You Think Of Thlst AN IVER-JOHNSON BICYCLE FOR CHRISTMAS ! QUEEN CITY CYCLE CO. 209 Market Street TELEPHONE 803 STARKEY & GOLDBERG STILL LEAD THE WAY BACK TO 1014 PRICES U. S. WEATHER BUREAU - Wilmington, Jan. 7; 1921. Meteorological data for the 24 hours ending at 8 p. m. yesterday. 8:00 a. 12:18 p. 8:00 p. North Friday; temperature. Humidity Record Dry Wet Relative bullf bulb humidity temp.' temp, percent m 42 36 m 51 40 m 47 39 54' 35 48 Carolina: Fair and warmer Saturday cloudy, with mild Temperature: Maximum mum 41; mean 48. - Rainfall for the day .0; o fmonth to date .05. 54; mini since first NOT TOO LATE TO PLANT RYE WE HAVE 100 sacks RoBen Seed Rye. 20 sacks Abruzzi Seed Rye. DONT .FAIL TO PLANT OATS 500 sacks Btrt Seed Oats. 100 sacks Rustproof Oats. Bg stock of all kinds of Feeds and Canned Goods Prices on basis of present costs D. L. GORE COMPANY Wilmington, N. C. . FOR SALE! Irish potatoes, onions, cabbage, lima beario (the kind that cook), navy beans, blackeye peas, dried peaches, apples, prunes, Lily Brand 'full cream cheese, Franklin and Cortez cigars, Wascot and Rief's Ginger Ale. Bear Prodmce and Merchan dise Company (Wholesale Only) Cor. Autt and Grace Streets Phones 4334S3 Exchanging St, Paul-Duluth Bonds The Northern Pacific Railway com pany made an '.offe- last August to ex change St. Paul-Duluth divisional 4S, due in 1996, for liberty fourth 4.25 per cent bonds, par fqrpar.. On August 14, the date on which The offering became effective, the libertyswere selling at 84.80 and the divisional 4s -around 76, but the latter immediately .advanced to a position close'to the libertys, just as bonds always do when " stocks into which they are convertable reach a point where .conversion is profitable. At present the libertys 4-are selling around .85.60 and the divisional - 4s around 83, and the outstanding supply of the railroad issue had been reduced from $8,080,000 to $2,800,000 on Decem ber 1. The railroad is now offering,, in effect, to exchange a "75-year, bond yielding 4.85 per cent for a 17-year se curity yielding 5.15 per cent and con taining partial exemption from federal taxes. There is a provision in, the rail road mortgage which) requires that all IUITUS UCUVCU "Will -l.llC Ba.lt J. Sun rises 7:19; sun sets. 5:18. The Tides High water. Low water A.M. P.M. A.M. P.M. Wilmington ... 8:40 8:51 3:30 4:01 Masonboro .... 6:29 v6:38 0:12 12:51 Southport 6.44 f:53 0:27 1:06 WEATHER BUREAU REPORTS. STATION! Temperature : n . XS eS ti He - m c- 3 j Abilene .. pt. cloudyj Asheville clear! Atlanta . . clear, Augusta ...... clear! Birmingham -. . clear Boston ...... clear Charleston ... clear Charlotte .... clear Chicago .,.4 cloudy Galveston ... foggy Jacksonville . clear Memphis ..... clear Mobile clear Montgomery . . clear New Orleans . .clear New- - York ... .clear! Oklahoma pt. cloudy Palestine Pittsburgh Raleigh . . Savannah Shreveport St. Louis Washington . . Wilmington cloudy . . . clear . . . clear . . . clear , . . clear . ..cloudy clear; clear .76 50 60 60 , 64 36 68 54 44 84 60 82 68 66 72 38 68 76 32 v 60 62 1 72 58 44 54 -fi o as e3 a fit Woo w 38 32 34 36 36 34 44 34 30 68 48 42 50 44 54 38 44 56 32 36 44 48 36 SS 41 .00 .00 .00 .00 .00 .00 .00 .00 .00 .00' .00 .00 .00 .00 .00 :oo .00 .00 .00 .00 .00 .00 .00 .00 .00 LIBERTY BONDS NUW YOKL Jan. 6. Closing prices rvrt r iwiv hr?irt: 38 92.60: first 4s pledged- as 'additional security," under 87.00;" ; first 4s 87.40; seqond -4s the loan -shaH . : be userf to purchase ' 87d7; third 4s 90.30; fourth 4s 87.30; bonds at not exceeding 105, but invest-; Yictpry 4 s; S5.at. DRUGS . CANDIES CIGARS J. HICKS BUNTING DRUG COMPANY Second and Princess Sts. Coal : Cement : Wood Orders Solicited Phone 17 BECKER CQAL AND BUILDERS' St PPLY COMPANY 8ji.. r. Ci.uiulieU Streets WILMINGTON MATTRESS AND UPHOLSTERING CO. rorn-rH and wrigiit sts. Upholstering nml Repairing Furniture Packed and Crated PHONE 1S51-L3 l Ydur Boy Wants A CROWN MOTO-BIP Cash or Weekly Payments Wilmington Cycle Co. 215 Market Street . Phone 526 FOR REMODELING AND EKAL HOUSE REPAIRS, S. PRIDGEN 806 S. Seventh Street GEN SEE Abdominal Belts Special to Order The Rexall Store CITY ELECTRIC CO. 206 Princess St. Phone 095 APPLIANCES I MAZDA LAMPS - WIRING SUPPLIES V. E. & J. H. TAYLOR F.AMILY GROCERIES AND COUN TRY PRODUCE Fruits, Candies, Cigars and Tobacco , TChlekens, Eggs, Meats, etc. North Carolina Meats - Specialty 12 Castle St; m Phan UNION METAL WORKS ' Tin and Sheet Metal Work Radiators and Fenders Repaired . Hot Air Furnaces Installed id Second St. Telephense 2193 Save Conjrens Jfttom DK-E BREAD They Are Valnahle Atlantic Baking Co. ':j'i: ml w. ri 1 1 1 i , 1.4 '111, 1 v it. i . i " "" 1: t . "'it ) . : ! "1 n 4 i' i V !' i J I (I T f rf,' 5 1 K - V fi. Av 1 if 1 1 1 ,1 H I . 1 ' I i 1 i 1 4 hi 1 ' V ' i kv h" 1 r ! I '1M t - . i - U II ' t 1 A. f I t - in X ' : "V- : .t j t , r : n 1 . : 3 1; i
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 7, 1921, edition 1
13
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