Newspapers / Wilmington Morning Star (Wilmington, … / Jan. 11, 1921, edition 1 / Page 11
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THE MORNING STAR, WIIINGTON, N. TIJESDAY, JANUARY 11, 1921, ELEVEN SUBU RBAN i SCHEDULE m ' ." TIoB trim HWKB COJOAKY " ' Wlm-t Parle, Seagate. WrlgktavlUa, WrisktavUl Beaek aa " v. . .. t - ' IaMiB4la .Padsita -? -- ' ..T.t Finaeirai and eirci&l News audi - - COTTON STOCKS mnic. Jan. 10 on v --- - Sound for the,J"rnrti? Jn" & wASe.odUi5 SFlfS ofrJU5 rt Above the closing Quotation of . . MBiriin' maun lie w iiikii i Est week, it closed At "n laSt". market closlne barely steads' I (T nnut-i ... . H11U " - . I in noints net iuwci. " s J" V i... foria and commission houh I buying decline. noweer. wnue : me j an jouthcrn I 'a net advance "Se weVk. af tK?11 1 ln thw Wheat- Opai.N High. . .Lbw. After opening steady at an aavance wecKs, and th December y. report of March--. "---l 72i 1 7i t4 Vl.72 3o 15 rint th selling- taperea on as-soonireiuaainsr its . extensiev obligations in iorbed and the marKet became very firm during me imuu.c v... .j.. . I ofders wene uncovered, as prices puiuv ui . oaiuruajr l of January helped I . V. M 1 a ,wl trie sireu6- "jiiiui f ojvanw in later aenreriea. March l 1' ,in to 18.25 and May to 18.27, mak I inn- net a " latpr deliveries, ana ia later deliveries, and last! drills were within afew point of th list Tiiere were reports that 9,000 or 10, nno bales more will be brought here frnm the south for delivery on Jan- i,arv before the end of the month, ?: r ,hp short interest was evidently li anting an cuoo w vw .wh very - they few ceniiatis auuvudur bid the price-- iov points aDovei The census report showing 11,66,JS0 hales ginned to me ueswiums oi oan ary was about in line with expecta ?in' and was not considered an im mediate factor. The strength of sterl v,.hanira was aOcomoanied by ru mors of an increased export Inquiry, j fhprp were reports that tne in- reasing activity ot domestic mills was I iccompanied by an Increase or aemana for domestic consumption Futures High. Low. 16.50 15.43 15.65 Close. January March . 17.75 16.25 16.27 16.35 16.40 17.65 16.20 16.82 18.33 May . . July October 16.04 EW ORLEANS C20TTO?! NEW ORLEANS, Jan. io.--.iiuuisn sentiment carried the price or--cotton strongly higher today, the most. active months being more than a centv fc pound up at one stage of the late trading. Smaller ginning returns than expected, the rise of nearly 10 cents in the rate of sterling exchange and reports from southern mill center that many mms were on a iuu ume schedule, negmning witn. luaay, stim ulated traders friendly, to the market to -take on large quantities Of con tracts The opening was a,t the advance and there were no very- wiae reactions from it during the day.: Toward the pnd the market stood 94 to 106 points higher than the clost of ..last ..week jchino Copper QTirl last nrir.PS showed net iraln Of 87ICnA fAla to 98 points. March traded up to 15.69 and closed at 15.34. i .. The ginning report of ll,5a9,230 hales produced to the first of January was almost 100,000 bales smaller than expected and had much to do with the early gains, but a good part of the buying seemed to be based on nothing more or less than the belief that busU ness in general the country over was reviving while the strong rise , in sterling exchange caused hopes of better conditlons-abroaUv ' . - - A feature of the day was the report that from 4.000 to 5.000 bale of cot- ton was being prepared in this market for shipment to New York and delivery on January contracts in that market. Spots here were 75 points Up with miHdlincr nuntori at 11 7K "' . - Futures High. LoW." 14.35 14.60 14.80 14.94 15.32 Close. January March . May .. July .. October 15.40 15.69! 15.65 15.14 .15.75 ',15.32 '15.34 15.63 15.67 157.5 DAILY COTTON TABLE Port Moremeaf New Orleans Middling 14.75; re ceipts 5,737; exports 1,803; sales 11,593; stock 456,126. Galveston Middling 15.00; receipts 5,943; sales 1,159; "stock 382,262. Mobile Middling 14.00; receipts 192; tock 20.986. - Savannah Middling 16.25! receipt 2,522; sales 619; stock 161,324.' Charleston Pveceipts 137; stock 243, 673. Wilmington Receipt 310;' Stock 44,- 032. Texas City Exports 200; stock 3,- Xorfolk Receipts 697 ; stock 79,443. Baltimore Stock 3,985. Boston Middling 17.10; receipts 75; exports 491; stock 12,800. Philadelphia Middling 18.50j stock New York Middling 18.2S; receipt 1.593; stock 31,840. Minor ports Stock 2,575. Kastern spot belt marked delayed. . Total today Receipts 17,212; exports 4, IS stock 1.448.011. Total for week Receipt 39.397; ex Ports 1n 144 .. -n ' Total for season 3,623.901; . exports 2.S44 flfl'i . ', . - . ' t V " .... Interior Movement Houston MiHrm-ntr IK. OA: ' rcrrlntlNirm... n,...i.nl caaI. m m rv ' . . . ' CtlllLilllUf III 51 Zt-ZZ.ni MalCB O.IDS Memphis Middling 14.50; receipts III'' shipments 2,933; sales 2,650; stock Augusta Middling , 15.25; receipt 46; shipments 1,325; sales 357; tock 160,167. St. Louis Middling 14.50; receipts 2, ia; shipments 1,952; stock 20,353. 4 ? Atlanta-Middling 15.00. Little Rock Middling 14.50: receibts ;7; shipmen S2.900. ts 139; sales 695; stock Dallas Middling 14.70; Montgomery Middling stock 2.741. 14.60 ; stock , . 4a. - w .. - Total today Receipts 12,548; ments 13,875; stock 987,068. , hip -NEW "YORK COTTON' -N'KW york. .Tan' . in ,Th ' inward -"tep or cotton prices Will continue r the present, so we believe.' t-A " ashin trtnr, iiinn.t.Tiin v. mm . VnMr "orld said reports to the department i labor and th fMoannr IniilatA the inancial depression in the United Louisyitle; and Nashville -Ums-states is due to artificial cause rather Missouri, Kani and Texas 1st 4s. -nan unsold conditions. This caused Missouri Pac. ' gen. 4s s . . . rious comment during today's trad- New York Central eb. 6s . . . . . . 'nnf Good Liverpool cables, a strong Norfolk nd ;Wstern ov. 6S " ,i, ei or sterling exchange, more eor ed in the goods market and ex- Pectancy of easier rates , for time Z. ; -V wr important features which ontrlbuted t0 shon COVerlnff and in. jestment buying. Increased trade ao- tivitiea and the ,wave of optimism sefemingly swelling the working on cot- prices apparently with irresistible I(Jri-p. rkxxfra -aifa m. rr - cottonseed : oil -r;A '.J' new vriDtr t , 'n.i. YOTtTT Tow "U declined 11 f n ...i.' declined lg to 20 ooints early the fair heaviness In lard, but , scored buvin t xrir-i7. V"":"!""? room AnviM.i. i zt kf.. 8 Poinli nVt rrL.iyseS t I?-, crude; lT si-. yew spot; 8.70 c .: warcni apoi Y,1, aiT S Jo: May 9.33: Julv fl.fi7j-all bid. . Santos 4's , 9, 9v - v cpcuiH-uuiar recover ?J&a?Z?T!LK?t the speculative issue SVSJa e1 Attendant fibres -included a vuk f orl;ft exchange, no- tablys the British rAt. Aum. . . .ti !..n.i ., it. . . . I "v"A"1 "uwbi yew, was Dasea in part Oft renorta (Stt. ik TtniK " "s in contemplation a plan 16 -af?'a"ft - demand mbney, which KT me xunas, seemea jto be little, more than a belated recog ' me uppiy , oi aoc tions Is vastly in excess, of ITlAflfl a -. I. .11.. " "" - J present requirements. auirements. r Ar. drop. of about The dron of bnut "s?k' hAn.- Mm in largest;' reported in rgnt ? rcDorun ; n inv mnnth th 8t back which began last August fnd ireduees he corporation's bookings to the smallest total in more than a 7ar. : ,.v.:,-.;i.;., - . ; V; S 'Oils,- steels, equipments, motors aftd shippings, , as typified by Mexican P troleum, Houston .Oil, Crucible, Bald- -"". vn oiueotr miv uuu wore iu paramount VL nnat nour. :v v'-:. xuiv lusses or two to nix nn way to gains of ubtahtlai proportion in most instances and. full recoveries elsewhere. xnere was: only a moderate market for - bonds,; including - the Liberty di vision, and the general trend was most often, indefinite, an irtegttlar tone rul ing at- the clost. . Total sales (oar U.!J, aggregatea 114.850,000. Old U, uonas were unchanged on. call. NEW YORK STOCIv LIST Stock High LowJ Sale Am. Beet Sugar American Can ....... Am. Car and Fdry. .. Am. Hide and L., pfd Am. iHterv.Corp. ...... Am. Locomotive ..... 43 27 Am. Smeif and Ref. .'. American Sugar ; Am. Sumatra Tobacco Am. Tel and Tel. ... American Woolen . . . Anaconda Copper ... Atchison .. AtL Coast Line ... . Atl.v Gulf and. West t. i Baldwin Locomotive Bait, and Ohio'" ;. Beth. Steel "B:. Canadian Paciflci... central Leather-,. .. Chandler Motor V Chesa. and Ohio - . . C.,iMil. and St. Paul C, R. I. and Pac. . Colo. Fuel and Iron Corn Products .. ... Crucible Steel Cuba Cane Sugar : . . Erie . General Electric .. General Motors Great Northern; pfd Gulf States Steel . . . Illinois Central Inspiration-Copper . 4 Int. Mer. Marine, pfd international Nickel " International. Paper . Kennecott Copper . .i L. and N; ........... Mexican Petroleum Miami Conner 58 SOU 168 101 18 15 I Middle States Oil ... ui.l.. Missouri Pacific NewJSTork Central N." xl, N. H. and Hart.. 21U Norfolk and Western Northern Paoiflo . . . . Ok la. Prod, and . Ref . Pan-Am. Petroleum Pennsylvania . v Pitts, and W. Va. ... Pure Oil Ray-Gon.,iCopper .. Reading Replogie Steel ;..., Rep. Iron and Steel Royal Dutch, N. Y. St. Louis and S. Fran Seaboard- Air Line . 101H 3 77 7S 41 41 32 31 t5H 13 13 86H 68 69 24 Seaboard Air Line, pfd 18 45 Shell Trans, and Trad. Sinclair Oil and Ref Sloss-Shef. S. and' I. Southern Pacific .... 25 52 100 Southern Railway .. 23 V. Southern Railway, pfd 58 58 Std. Oil of N. J., pfd. Studebaker Corp. . Tennessee Copper . Texas . Co. V ........ Texas . and paoiflo Tobacco Products . . T ran scon OH . .... Union Pacific ..... 108 107 54 8 45 49 19 56 it 54 12 10 1ZZ 1Z0 United Fruit ... U. S. Food Products U. S.vlnd. Alcohol . TJ. S. RetaiF Stores . 205 202 25 70 24 68 54 65 67 United States Rubber. 71 United States. Steel 83 82 U. S. Steel, pfd... 1P 109 - 54 37. S3 34 I n -Vow,"JS ' I Vanadium Copper. I . . . . -fc. . A M Virginia iarv. wiwim 40 38 44 8 22 Western union , . I TiMAf Kl fill I 1UV1I1UI V JL: Total sales, -14.16,900. .". " ' NEW YORK, BONDS " 3 U. S. 2s coupon ......... U. S. 4s, coupon . . . , ... . . ... .... American Smelt, and Refining 5s American Tel. and Tel. cv. 6s.,.. Atnhlion cen. 4s 100 104 II 77 98 I Atlantic Coast Line 1st 4s....... 79 -71 1 81 '90 84 Ki I Baltimore and Ohio v. 4 s RethiAhAm.' Steel, rer. &s Central of .Georgia Con. ,5s .b Central Leather 6s ............ . ntiAianAtke and Ohio cv. 5s . . . - Chicago, B. and Quincy Joint 4a 9 ! ' 70. Chicago, Mil. ana at- r. cv. jo.. Chicago, R. I. and Pac. Ry. ref. 4s City .of Paris 6s . ;:; ?rtirti.r!f and Southern ref. 4s 6 95 . 74 '-: 64 ' 90 S 43 76 ; 79 74 Denver and Rio Grande consol. 4s l rirvrrt inion of Canada- 5s I Brio ; gen. s..... I Illinois Central ref. I t kf -, ni4f. Marine- 6 s 4s Kansas. City Southern ref, 5s I A cr&rett And M.yerS 88 ........... 79 -82 59 .55 92 104 ' 77 Nortnern xrviii 80 Pennsylvania, gen. Republic IroA and Steer 6s h 64 38 St. sJjouis :Vr J Seaboard Air , Line adj. 6 Southern Bell rel. 5s Southern Pacific cv. 6s Southern Raf V ': 81 99 86 60 79 83 85 9 . 1 I Boutnern "- I ant Pacific. iSt VZ&:&ELX x i cii m lt : H . Rfn1 6" . u . 4 ' " .:-! vtrHnift Caro. Chemical ......p a. I Wabash 1st -v. -iv on Wabash 1st. i i vv a IWilsOn apayo. by, . . . 83 I . iitoiRUim coffee -; 'fiv.tff YORK.-- jan 10. kw . sugr, L.hanaed: Vrefihed -unchanged at .7 to 7.90 Jor fin f-uu Rio 7rs 66' iiras r nvn a 4. . i GRAIN - " wo . ......w atthe aOtl Closing quotations were at i94Uo 3 higher. , Corn 'fin- ished ; to H down. ' Oats unclmns ed in mar n n a r r npinan w mi a w a t- r n. n i ti a to H adyanoe, nd provlfllons at a set- .... -7 , .rl.,- ClOStt. 1.11 1.68 J!8 uu.ikmm May July .48 .48 ".4V5 ,.,, ,,47 WILMINGTON MARKETS rSPItS TORPlSlNJi--N0thliig oolng, ROSfJN Nothin Aolne. - ' :TAlt-$4 and" 16c. VliiGIit iNOtnxntf doing, v TBLLOW DIP Nothing doing. 1IAKD Nothing doing. ' COTTOW WILMINGTON SPOT- 14o. - PAOOiiCJb. MAttlkJE'r CORN 11.15 to 11.60. : V jiUJICF 10c, dulL VLJAL iOa to I2c, vei'V dull. ivCuiNijri. C. jaamM u: ia and bBdUiuers, soo to 38c. VVII-MINQTON SPOT 14C. CAKE TALLOW 5fe ; BJUUSTV-AXSOc. . ; --Auiviuy 5c, auii. ; - - -market. HENP. .il tn X1.8B IARlfl FALL CHICKS 80c to 90c SMALL SPRING CHICKS 3 6c to 50c, auii. : . ' r: .:- AJiGGS gteaay, 62 to 65. BUTTER 3c. POVAiUiis 4,00 bag. BWiJijJT POTATOJSS 1 to 31.2&. CABBAGE a.0u to $3.00 owe , APPLES--00.OO to 37.00 BbL WILMijfGTO-S PEANUT UARKET (Reported by J. s. Funchesa Co.) Whit HnaniBh. larmers' atock. new urOD. nrittlea. sap buhal. m ' Dounds. S1.10. iNorth Carolina, warmer J stock, new crop, primes, per bushel, 28 pounds, vireinia Runner, farmer' stock, new croa.. nrimes. cer . buaheL zi pounds, 88c . Virginia Jumbos, farmers' stock, new I crop, primes, per bushel. 22 pounds, LOU. - " ' SUGAR, AND COFFEfiJ PKTlCRilBtlRO PBAKVT JABKET (Reported by Rodgent. Flummcr and Coaanaar. lac) Span-sh (farmers' stock), market weaaer, oc per Dusnei. virerlmas I farmer k' strtAki. mariJ flrmer. Fancy Jutnbo 6o to 7c . per lb.j extra prime, Be to 5e per lb prime. 40 to 5o per lb.; shelling stock, 3o to 4c. ' 4- .' -- t i ' DAILY COTTOV LETTER FUralM,br It. O. Latlener, Jf . - 401 SOOtkcrn BMr. F NEW ORLEANS, Jan. ioThe as suring statement of Governor Harding, of the the federal reserve board,- that all danger of a general collapse has passed and the worst is undoubtedly overt coupled with Smaller ginnings than generally! .expected, improving trade accounts?' encouraging cables and a big advanee In sterling exchange, influenced a substantial advance in the market today. Ginnings to January 1 totaled ll, 569,00a against-10,000,000 -laet year and 10,774,000 in 1919.. For th period De cember 13 to January 1, 681,000 against 612,000 last year and 493,000 year be fore last. . y New York reported the-demahd - tor goods broadening, with some descrip tions beinr ordered-in-fear load lots. by express, denoting merchants' stocks I lo oe is ii rAimuaieu,! aim saies (of print -cloths at Fall River last week were ieotooo pieces, largest xor a long time. ; Domestic and foreign cotton mills are reported to -have earned enormous profits during- the -past year. Fall River mills declarlngv a dividend of 9,989,300 on a capital- of .336,000,000, while Manchester mills are reported to have earned a larger profit. ' Exports of yarn from the British Isles ; during December -were 7,700,000 pounds-against 14,900,000 last year; of cloth. 248,000,000 yards against 393, 000.000. . Rumor has. it that the National Ginners' : association estimates that only 262,000 bales of lint cotton were consumed in the United States during December, compared with 512,000 last season.:.:- - : v.. These developments are a reflection of the ; dull times during -the holiday period in industrial circles,, and ap parently -are pretty wea discounted. The traae is aisposea to iook ior wardnot backward, in gauging the probable future course of values, and is more interested In the developments, denoting improvement,; in the financial and trade situation, and the more en couraging outlook for exports. The. formation of the numerous pri u o-vnnt-t cnrnnratlnn a.nrl. the ra vivlT ofthegovernment's war finance MMrrtArntion has made the' exnort out look for the future decidedly brighter. and has strengthened foreign exchange materially, demana sterling advancing to 3.74 today, 8 cents higher on the day and higher than since July, 1920. ):i , H. AND B. BEER. . ; NEW YORK LIVESTOCK NUW YORK.' Jan. 10. Cattle steady: Steers '7.60 11.25; bulls jft,259.00; caw 2.26O7.00l heifers 6.00 0)7.25. Calves - weak; veals ll.O018.00; culls 8.0010.00; fed calves 7.50 9.00; barnyard calves-b 6.00 7.00 ? yearlings 4.00(0)6.00. ., i Rhn and lambs, steadv: sheeO. ewes, 3.50(g) 5.50; fiulls 2.00 3.00; weth ers - 6.60 : yearlings 7.00 9.00 ; lambs 9.00 Q 12.75: CU11S 8.0QQJ8.60. .. Ho? lower: listht td medium weights Including pigs 11.30: heavy-hogs 10.75; roughs 8.7 5. : : , . - ' j ' ;:: ' A&i DttYGOOD 9 .MARKET ' NEW -YORK; Jan. 10; PMn'f cloths and.icbnvertlble were.more active in the drygoods "market here today with prices tending' upwards. " Yarns were firmer and tending higher. New price's nr.ro iAitAted beine arranged . on hosi ery Hues that 'Wilt restore some ot the Douuiar retail prices in scores nexx snrinav Dress goods were in more ac tive inquiry; Burlaps steady;' raw silk easy. .-. .;.., y:-" ' ' : .- r, " - JACKSONVILLE ' NAVAL STORES JACKSONVILLE, Fla Jap, 10. Tur nentine :: unchangeun saies none; reu celpts 140; shipments,-106; stock 26,455 Rosin." unchanged 54 sales none; re Ceipts 486; shipments 272; stock 165. 790.'- "- ; f i;-.; ' .- -. - Quote B, D, E, F, G, H, I, K, M, N, WG. WW. : 11.30. - ,y.i ;"yvp; . ' A EttWIN TO SPEAK-s? ZA (Speeial to.Tke Star).-, DUNN. Jan. 10. Coir William A. Er win. head of the big- cotton;: mills at Duke and Durham which bear his name has been invited to deliver the prlncin pal address at th;aftnuat)meeting oi the j-cnamDer-' Ot commerce Tiere next MondSy night.,- " - ; j Biismess Today Different Prl?e iadlce ,j'f V " As merchants generally buy manu factured goods, they are in come dan ger of being misled by-enatiges in itt- aex namDers, wmcn primarily apply to raw materials. Prides of the-latter al ways fall first,' fed ;that 4 such indices as Bradfttreet's and "that Of ;tvS-elve staple commodities made up by the'' fdral reserve, bank at New York Show earlier changes, and thus are forecasters: of future changes - in finished products rather than - measures of the level at which such prices stand. Dun's weierht- hed index of wholesale price, covers a welfibalahced list of raw materials and manufactures, and therefore Is -valuable as showing fairly accurate how the average of prices in general is moving. The latest un figures show that on January 1 the' index stood 6.2 per cent under the levels or December 1, thus making almost as sharp a break as the 6.8 per -cent decline recorded during No vember, and 8harper.: than; any other month since th-general decline began. This index has now" declined for eight months in succession. It Stood at its record high of 118. per cent above the 1913 level last spring, 'but is down now to only 64 per cent above pre-war. - TX71A. tltAMliWa Tint. r.fM. - Each of Dun's seven groups fell last taCnth, but the , outstanding decline came again in the. textile group. Tex tile prices reached their record high last April of 163 per cent above the general level when war began, but they have fallen substantially every month since then, almost invariably leading air other prices in the recession. Raw cotton has gotten back, roughly, to its pre-war level, wool ha undergone .ex traordinary declines within the last year, and people nave presumed that textile, prices must soon, find a bottom Despite their persistent decline now for two-thirds of a year, however, .tex tile prices still average nearly 64 per cent above pre-war.. Breadstuffs, which fell heavily during November, declined onlv' silently- during December. Meat and metals both fell, but not as sharply as they had the month .before. A Q,nlk Tiimovev When commodity prices are tailing the average stock of goods Should be 1 turnea quicaiy. . uouas mai muisi- e held over until the market rises are likely to . lose their stability in the meantime. Expert traders take their losses early, if losses they must take. Merchants every where" are interested at this season in estimating their last The1 Iiivestbr Taxing. Municipal Isftines Proposed The proposed constitutional amend ment ftlmlflgr- to remove from state and municipal, securities issuea. in ine iu ture theiP federal' tax i, exemption fea ture would, If actually passed and rat ified, radically change tne wnoie ma chinery of Investment. Enaiess possi bilities are opened y tnis proposal, iu one cannot conceive Of a class of secur IMes that would not be affected favor ably or hatmfully by the removal of this special privilege from one class of borrowers. The one faCt which oper ates against the Chancesot this amend ment being adopted is wai to ratify it rests with the direct rep- u.i.ii.i' sf horrowers whOBe' credit position would be-most unfavorably affected.- In other words, the states win be asked to give the federal govern ment positive authority to tax the in come derived from their own eeourities and those of political subdivisions. The effect of such taxation wouiv he to drive wealthy investors .away from new state attd municipal ; bonds, removing from these securities tractlveness wmcn nas mu hv---their issuance at low Interest rates. Municipalities would be placed on the iviuii. nh.r borrowers of same - equal credit standing. Where the Investor is Interested ' The mere attempt to tax state v and municipa; securities would not cause wealthy owners to dispose of these se curities out 01 iear lest, me iuu ment be sucesef 1. ; Such apprehettsion would rather urge accumulation in this department of investment, since state and municipal bonds outstanding oh the date of . ratification would remain im mune from taxation Only the newoftes would be taxed as to income,- There-, for If sentiment in favor of the amend ment becomes 'strong enough to alarm wealthy' investors, taxaoie dohob likely to be affected, for a time by di version of funds into tho municipal is sues The chances ol actual rauuuwU are, however remote .The proponents of this amendment hold that exemption . federal Income tax Is of no benefit to, the owner having a email income, This is true., uui luww denied that the prospective investor of small ammints of income finds lovfer prices and better bargainsamotig UXr able issues Jast at this time because lara-e Investors are not competing ior these bonds. About750,000 000. of nw state and municipal securities wee sold last yeat. rlt jhey hadbeen tax able the- cost would .have . been.Wgher and the amount, put out, .therefore, smaller. In more even competition with them railroad, industrial, and public utility bonds? would , have been .in greater demand and prices higher. To the prospective investor of small -in come the alieriatjon of capital from tax able to tax-exempt might in this way appear favorable. But after he has placed his funds the investorwants to see his. security .appreciate. He should expect however, that the same inllu eJ?eqwhich had helped to hold prices down before his purchase will act as a restraint on taxable . bonds when they are seeking to reflect a change in baSio conditions. - - v' ' . , 'vv ' -.: . .1 ; ; Two conevatlv-Bs- . Wflii-Mirtd railroad bonds run ning for moderately long -terms and iiutjs r mntx v yielding . o. Pr --f -",V;I the 'securities yma subsidiary iaue.- uuo Washington Railrpad and . NavigatOH company first and refunding 4s. due lh 1961,' selling aroufld 70.50, tor a current return of $67j per, cent. s Principal and interest : are guaranteed by the Union Pacific company. . The 839.866,000.iut standing' is a first, lien on 1 847 miles of road," or if the ' rate f . 847,000 a mile, and a : second .Hen oh -1,116: additional miles.subject to a first lien of 323,880f- flOO - Oregon Railroad and Navigation Merchant's Prob lems and Current Trade Conditions year's turnover,. of the frequency with which a stock was sold out atid re placed, as a basis for the hew year's' program. ; The following . average an nual turnover, figures for various lines Of retail" business will give stores m rough basis of comparison with their own; showings . v - Tjrpejof vretaUtore Turnover Grocery . . ... . . ,,..k . Department V. . Variety -good t . . .. pfugs. . ;'i . . . 10 ... ,T 6 4.5 4 S 2.1 2 --lit mruwaro ... ... Bh6e :'ii""rt- . 4 -. . . ........ Clothing. 1 . . .... 1 v.v Jewelry... ... ... ;-4 Giving Retailers a Story Knowledge of various . processes through .which wares go befores reach ing the retailer's shelves gives ' him fresh sale talk and is an important factor m winning the customers' conn denee. Wholesalers recognise 4 this and more and more areheiping to give such a background to retailers. One mer chant in the delegation which Marshall Field invited to inspect their southern cotton mills came back so impressed that he remarked:: "Hereafter, when I see a piece: of gingham .1 am going to take my hat off to it" . One dealer Says: "A thin? we try, to do is to get into the hands of the merchants sales people printed matter o various kinds fully descriptive of the merchandise, the story behind it, the source of the raw materials etc. We have also pro duced moving pictures ... to pass on as much of this story and romance as We can." : Collection Credit losses, of less than one-fourth of one per cent over a period of ten years is an achievement, but - one firm has made that record by malting a study of each individual customer, es tablishing a credit department, and rig orouSly requiring the sales departments to work' hand in hand", with it. The time to assure a high percentage of collections is .before the sale is made. Orders from new customers coming into the sales department should' be turned over immediately to the credit depart ment. Close analysis of individual pur- chasers and where trade is going to wholesalers of their Bales possibil ities, Is- the surest guarantor of payments. Credit departments are hot expensive. not nearly -as expensive as credit losses. (.Copyright, USl, by N. T. Evening Post, inc.) His Present Opportunities and Problems consolidated mortgage 4s. This latter road le owned toy the Oregon-Washington, which is in turn .controlled by the Union, pacific. - f ('-;''' Oregon 4m De 1046 The other issue, yielding 5.9 -per cent is tne uregon railroad consolidated mortgage 4s Just referred to. They ma ture in 1946 and are eellihg around 75 for a current return of, 5.32 ner nt. Security is a firBt lien -on 1,126 miles of roaa, or at the rate of 120763 a mile. The f act, that this ssuej yields no more than the one ' matuVfng-15- years later is explained by its larger "cover of first Hen security 'and its p6sitioh as a closed: mortgage, whereas the Orea-on-Wash ington 4s f Hit are part of anpen mortgage, bonds' Of "Which will event ually be issued to retire the 1946 Issue. It should be remembered in this latter connection, however, that when the 1946 issue Is retired the 1,126 miles securing it will -become first Hen collateral un der the enlarged 1961 Issue. Earnings of these two lines are contained in the Union Pacific System's statement.. That system is doing well under the new rate schedules. Its net earnings during the first ten months of 1920 were 2.8 times the bonded debt Interest chargeable to that period. (Copyright, 1921, by N. Y. Evening : Post, Inc.) U. S. WEATHER BUREAU . - Wilmington, Jan. 10, 1921. Meteorologlcul data for the 24 hours ending at 8 pv m:r yesterday. , " Meantdlty Record . - . K.y.-.Drr;.- Wet' Relative r bulb bulb humidity temp, temp, percent m 44 42 . 79 m 40 37 73 m... 49 43 .62 8:00 a. 12:12 p. 8:00 -p. ? Temperature: ' Maximum mum 44; mean 46. - .' Rainfall for the day .0; of month to date .12. 49; mini- si nee first i Sun rises 7:18; sun sets 5:22. The Tiae. L . : High. water. Low water ' A.M. , P.M. A.M. P.M. Wilmington Masonboro -Southport . Iltl8;ll!27 6:286v&S 9:51 9!06 ' 2:53 8:27 .- " t:46 '-s 9:01 2:4t 8:22 WEATHER BUREAU EPOHTS. Temperature: STATIONS t m s M 53 H I tsheville r.;. clear - 1 Atlanta . .... ? clear; Aw; f Birmingham .. clear Boston" .pt cloudy Charleston, clear! Charlotte . .... ..clear Jacksonville . clear! Memphis . . . . Cl ear j Montgomery pL cidyj New orlean-...eieart New York . r.ciouay Oklahoma". . doudy Pittsburgh- . . . ; clear Baleish iV.,." Clear Savannah 5 clear; Bt. 1XU1S . .... ciear Washington clear Wilmington .i- cloudyj ': 49 I 44 I , .001 a - " " Leav Wllmlagtem. Vm :-: : Beaek - 16:50 t:26 f 8:00 8:30; t 9:30 10:00 11:80 1:05 2:00 2:30 3:00 3:30 t 4t00 4:30 1:00 6:30 0:10 6:40 7:15 8:16 . 9:15 10:15 11:15 M. M. . M. M. M.;. M. M. M.. M. ; M. M. -. M. -H.'i M. M. M. M.(. M. : M. M. 6:50 A. M. 1:30 A. M.. 1 9)30 A. M. 20:00 A. M. 11:30 A. M. , 1:05 .P. -M. 2:00- P. M. tiZO P. M. n 3:00 P. M. . 3:20 P. M. ' f 4:00 P. M. - 4:30 P. M. - 5:00 P. M, 6:30 - P, M.v 6:l0vP:7M.' A. P f: P. P. P P. P P. P. P. P. P. P. P. P. v (:iu P. M. 7:16 P. M. 8:15 P. M. 9:15 P. M. 11:15 P. M. Leave TVUmlagtoa WrtghtaviU Ill J AIL 12XCMPT SLKDA. ROM. STATION No. 1. , This oar connects at Wrightsvlllc on special reauest to transpor tation office. Phone No. 2701. - wThis car will go through to beach oft special reduest to traaspotta ' tlon office. . - - ri . .. . '- . Daily except Sunday. ' ' ' ; ' f Saturdays and Sunday only. 1 t Sundays, only. 'Freigki Sehednle Dallv xeep Sunday. "' Leave Ninth and Orange streets 3:00 P. IL Freight Depot open daily except Sunday from 1:00 to 3:00 P. M. V STATUE SECURITIES COMPANY INVESTMENT STOCKS BONDS .H. L. HENLEY, President ; 903 Morchison Bank Building Telephone 290 STOCKS and BONDS COTTON, GRAIN AND PROVISIONS ' H. G. Latimer, Jr. If ember New Orleans Cotton Excbag Ctrect prlvate'wlres to New Orleans, New Tork, Chicago and all principal point. Orders solicited for future delivery in Cotton, drain. Provisions Cottonseed Oil,' coffee and sugar. Securities bought and sold for cash, or carried on , conservative margin. Correspondent, H. and B. Boert 401 sOtTTRBRN BT7ILOINO New Ofleaka La. PIlOlttB 330. v What Do Yon Tklnk Of Tklst AN XVER-JOHNSON BICYCLE FOR CHRISTMAS 1 -5:- QUEEN CITY CYCLE CO. 2n Mnrke street " , fELEPUOKB sea NOT TOO LATE TO PLANT RYE WE HAVE 100 sacks Rosen Seed Rye. .20 saoks Abru2zt Seed Rye. fiONT PAIL 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. Your Boy Wants A j tROtVN MOTO-BIKE Weekly Payments Wilmington Cycle Co. 215 Market Street Phone 526 Vtf ; CANDIES' f ! - CIGARS J. HICKS BUNTING DRUG COMPANY Second and Princess Sts. m Isi f-ii iPiPssI v4-h ,28 , .00 "" -ZMgBoaWk ,64 ?ir44 v.OO - xaft.ua - ; - .-I - ., .- v.V 54 33 .00 - - - - " " ... . 56 42. ... .00 " 1 1 ' -i : H r : :w;e& j;h; taylor i f l C33-: PRODUCE, ; 44 , 24 . 4 .00 J rmltK, Candies, Clsrar and Tobaccoyl 44 , 34 - ; 0 8 11 -, : Chiekena. . tStcetu ' Meats. tc. I U, 56 . 44 J .00 I A vRortk Carolina . Meats a I 60 ll '-.9i I .00 II -, -rv? vi Snoolalty . .f - I i 38 n 30 F .00 1 1 6i2 Caatle St. ; , ; . : r. '.Phone I " Leav - , Beaek - Ite - ' WllaUaa-tea Wrta-ktsvUla Wnaalagtra 6:00 A. 16:35 A. 7i0l A 17:10 A. 1:16 A. ' (10:16 A. 10:45 A. 12:16 P. i:45 p. 2:46 P. 3:16 P. P. Hi! f: 6:15 P. r-6:46; P. ' ::ts 5 P. 6:65 P. T:I6 - P. ' 7:86- P.- 8 130 P. 9:30 P. BANKERS INVESTMENT SECURITIES STARKEY & GOLDBERG STILL LEAD TflB WAY -BACK TO 1914 PftlCEsl ' , FOR SALE! Irfsh potatoes, onions, cabbage, lima beatf! (the kind that cook), navy ' beans, blackeye peas, dried peaches, apples, prunes, Lily Brand full- cfc earn cheese. Franklin and Cortes cigar, Ginger Ale. Wasco t and Rlef Bear Prodnce and Mercian ; dise Company ii (Wholesale only) ' ;- i j Cor. Nntt and Grace streets ' Phones 433 4S3 ' Coal : Cement : Wood Order Solicited : Phoae irs - DECKER COAL AND BVLLBEItS' Slatk ad CaaanbeB Stress WILMINGTON MATTRESS AND UPHOLSTERING CO. v FOUKTH AM) WRIGHT STSt ' , : trpholsiering and Repairing Furniture Packed And Crated '. "PHONE 1851L8 FOR REMODELING AND EBAL HOUSE REP AIRS, S. PRIDGEN S0 S, Seveatk Street ; GEN. EE' Al)tonal Belts ; Special to Orden TheRexall Store CITY ELECTRIC CO. SOS Prlneeee St. Phono MS APPLIANCES I MAZDA LAMPS WIRING ' SUPPLIES : UNION JMETAL WORKS . ; ' Tfs and skoe Metal Work " V .Radiators and Vender Repaired ' -: Hot Alt Fnrnaeea . InataUed 14 h. teeoad St. : v ; Telepkosiit 2163 savo Conpoaa jriroai - - DIX-E BREAD They Are Valkahlo i.;.'- Atlantic Baldcir Co. i:60 A. M. 7:20 A. M. 7:tft A. XL' I t:l A. IL ' MS a.' tt. J10:26 A. M. iJ:2S . S i;Sl F: 3:25 P. M. 3:56 ; P. M. 4:29 P. M. t 4l6 P. M 6:25 P. M. 6:55 P. M. 36 P. Ms, 7:06 P. 2. ' v list & 5t - S:45 P : M. 9:46 ;P. M. 10:46 P. M. 11:46 P. M. ?. ... mm ... ! 1 1 . .. ) ..T..;?:'f" t'; i.'-i I 'ten -ii ' i1 ' 'ft' I ; f. i '. 'J. .: . - i n r .: i. " 'I - ' , f i -Mm 1 1 4i ' ,1 I kv "Si- ri 1 i ! 11' w .. . Ir i. t I f.! t .J'i- IV'V pyv. - 1 1 3 . - ' i 'r:'.' 1 . ' , ' ' ! !- -1 ' . - lii1 i f ' -...J ' )'! (:.- 'i !'''';' V1.!-i:f - . E 1 V . . f - 7 m V ' ' ' " K ,... r ......... . , f (.
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 11, 1921, edition 1
11
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