Newspapers / Wilmington Morning Star (Wilmington, … / Jan. 20, 1921, edition 1 / Page 11
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A. THE MORNING STAR; WILMINGTON, N.C., THURSDAY, JANUARYS,, 1921. ELEVEN SUBURBAN SCHEDULE 5 TIDE WATEn POWER COMPANY Wlatev Park. Seagate. WrishtsvUle, WrlgmtavlUe Beacli am : - ' - -:v - Intermediate Polata 'i Effeetf ve Tkursday, Octkr T, 120. . lnancial. aed Gommercia! I III 1 Niew'aifd COTTON E"V YORK, Jan. 19. Nervousness j..,.,. foreign trade and the reported iliinit- of advancing foreign exchange rat s to bring In export buyers, seem ed largely responsible" lor declines in ,v. cotton market here today. ' No ii'icism was heard of the news from ' i.metic goods jnarkets and ' brokers '.'.nri ted no special pressure of , south ,,Vpot offerings, but the trade buying 'i.vii has been a feature on set-backs .1,,-tiy was less in . evidence and deliveries sold off to 15.40, or noints net lower. They closed at ; 4 1 svith the general market closing ciady at a net decline .'pf.. 60. .to 65; 1 L. ' . rr nnoneri hsrslv stMrt at TIic nif .ciine ot 10 to I'l points and soon: Unwed net losses of 30 to 45 points 1 . c and scattered liquidation. Jan ,'arv notices were "estimated at 4,600 '' l,s and more cotton- was reported '!' 'Whine here for delivery,, but Janu. ruled relatively steady, and the !, u-ket stiffened up during the middle ! ' ti e 'lav on covering with a moderate ivnnnd from the trade. 7 March sold ',.1 from 15. 5S to 15.90 and May from v, 56 -o 15.85, within 10 or 16 points if list night's closing quotations, but ,!.i,.'t. weakened again later under, re ! we'd liquidation combined with Wall . l , l and local selling partly in ex :,L,..t"tiou of weak Liverpool cables to morrow. There was . also southern lifllin" in the late trading which car-ri.-ii active months 60 to, 60 points net ,-,r, with May selling at 15.35. A r ihle from Liverpool said that recent itV vin tr had almost been entirely spec nl'itive and that there had been no murovement in Manchester conditions. Imcanshire spinners of Egyptian cot ton have Voted to continue on the 35- Futures: - January March May July Octoln-r High. .Low. Close. 17.30 10.85 16.95 15.90 15.40 15.85 15.35 15.98 15.50 16.00 15.54 15.43 15.38 15.55 15.60 XBW ORLEANS COTTON NEW ORLEANS, Jan. 19. The price ot cotton was depressed' throughout the session today, although, there .were nfriods of steadiness and recovery. Re coveries didn't persist, however, and lowest prices came late in- the day when trading months were sent 59 to 63 points under the ,final prices of yesterday. March touching 14.73. Last prices showed net losses of 51 to 62 points with March at 14.74. ; Selling in volume opened the trad ins being stimulated by a poor Liver pool and by exceedingly Wearish- mes sages both from the Liverpool and the Manchester - markets. The feature of these messages was the claim that business was stagnant at Manchester and it was said that the state of trade had led to heavy selling in ' the future contract market. On the first down ward movement prices lost 32 to 34 points. .1 , Following the first selling flurry the market made partial recoveries on the very favorable tone of reports from American mill and whole sale cotton goods centers, tlje first of which, was that tne turnover was . mucn nigner, with important concerns taking hold in a big way, which led to ; the naming of higher prices on come -staple lines. Prices gradually improved -'-un til they were within four to - eight - points of yesterday's close, with" March up to. 15.28. In the late tradlngvthe-; market fell off atrain undw-ffeaartof -Vaiiotttfef" poor Liverpool in the morning arid of unfavorable private- . ginning returns overnight. V- . - , '. ', .. i Futures: " High. LoW. Close: January . 15.18- 14.63 .'14.71 March 15.28 14.73 . 14.74 Jlay 15.35 14.80 14.82 July 15.56 15.02 15.02 October .. 15.53r 15.03 15.08 DULY COTTON TABLE Port Movement Xew Orleans Middling 15.00;. re ceipts 7,758; export's 6,500; sales 4,188; stock 454.996. . Galveston Middling 14.75; receipts 4.952; sales 3,474; stock 382,075. Mobile -Middling 14.50; recelnts .1, S90; stock 20,347. Savannah Holiday. '- - . Charleston Receipts 2,258; stock 159,398. . - . .... . Wilmington Middling 14.00; receipts 132; stock 37,114. . ,' Texas City Stock 2,088. ' ' Norfolk Middling 15.25; receipts 1,- 473; sales 605; stock 71,898. ' Baltimore Exports 100; stock 3,878. Boston Middliner 17.60: stock 12.300. Philadelphia Middling 17.50; stock o.soz. . . J- New York Middling 17.25; stock 67, rS6. . . - - Minor oorts Stock 2.575. . '''..,-'-'- Total today Receipts 18,374; exports 8,600; stock 1,464,275. ' Total for week Receipts 92,760; ex- I'uris 01,065. Total for season Receipts 3,810,565; Interior Mnvrnmit Houston Middling 14.20; receipts Woo; shipments 6,29; sales 5,341; Memnhia shipments 3,247; sales 2,400; stock .Augusta Middling 15.00; receipts shipments 1,198; sales 140; stock KiftV Louis Middling ',14.50; receipts snipments 3,723 stock 21,064. Atlanta Afiftrnin 1 a ko mv?U,S Rock Middling 15.00; receipts iiftn 1 "enia "'"J sates y;; stocK Dallas Middling 13.85; sales 2,949. "lOntffOmprv ATlllllTier 11 no Total today Receipts 12,176; shlp- ""a ii,ni; stock 1,001,888. MEW YORK COTTON . 0RK- Jan- 19. Today's mar- !..was,Weak ln sympathy with Liver inccables anfl heavy selling sup 1 osed to be aggressiveness oh the Part oia bears. Speculation is rife as th at wiiI become of the ' Cotton ivn wlners of January contracts are peeted to take. Some think-it will b ror export and others believe It will ' . IIMT ,1 r 1 io 4.V "u iMtircn mi lAn ? m043f T-aa C!nnaV.ln - KAll.trk . n - OIik rru "--iio mo iiiuoi uuvainagc1 "iss find qUick swings may be expected ORVIS BROS. AND CO. - COTTONSEED OIL th ec ined about 15 points early, in line kt M i WMK snowing In other mar flnui, 1 rIces steadied towards the count o Uyinar for, outside long ac rinoi.j -and. room covering. March I m Points lower and later months HYA s Z net ler. Sales 10,000 s.25(r,fi K- """ trime - cruae 8-60- m ' iprime summer yellow, spot "'I bid -2B; July 9.53; DRY GOODS MARKET o7 TORK. Jan. 19. The American 1'nes nr comany today opened a few arvir, ""cs wear-at reauctions las- vpLHI1 2,5 to ?5 per cent ; from liveru- k Koods -nd nearby, de tcod, , , J?ly fe,re offered. - Cottoi In? 1 '2arkes held steady: wltttrad 'tiff lcc, T., oi.oUUJ WiUI' .UftU" firmer fc,tlve- .Cotton yarns were I!ni. ireeiy ior sprlnic in boto STOCKS NEW YORK. Jan, 19LTh - tnv market today seemed dlsposed to throw on much of Us recent ana.thvnA r. aQtionaaryj tone prices of many popular BaSTm.?0"1' uPward to theaccom- f,r ",D-Bu"ace mere was nothing in va2lce to suggest any pronounced ii Fi Bentiment. or. revival of pub- ilC' interest flllhnni.W':.Hsi,iilnr,m... F J ne to market, values were- part- '-v "lure nopeiui cnaracter. . Commercial akvtnrtti - quickening of biEiness' in various lines . e ,This was reflected v In the ;Iaf l?n t tilis city hy buyers representing'- foremost; -mercantile Inter ests of the "south. ; ; Offsetting - this, ' however, the 'Penn sylvania railroad system announced the prospective cutting down of Its working -force, and : the Iron Age em Pasized . thevlow rate of capacity at wnich . most of the independent com panies are operating; ', . Repeating its course of the previous a I' .the. market , developed its most "B""ue trena in the final hour when pull pools, renewed their maneuvers In several of the- conspicuous .special ties, notably General Asnha.lt. pnmmnn and preferred in whioh -shorts wnr driven to cover -at . net P-aina of iu anJ 8 points respectively. K: miasms quotations .. for leading oils, notably California and Mexican Pe troleums, Studebaker, General Electric and several of the - prominent special. ties, snowea net advances, of 2 to al most 5 points. alls,, steels and 'equip ments eased on the -late rise of call money from 6 to 7 per cent. s excepting setrling, the foreign ex. Chance market was strong notahl-r French remittances, evidently': In antic ipation of an ear lv loan here.. Scan dinavian rates also were substantially better. Liberty issues led the firmer tone of the bond market, international flota tions, also .making gains. Total sales (par value) $12,525,000. Old U. S. bonds were unchanged on call. - NEW YORK STOCK LIST Stock Am. Beet Sugar ..... Am. xjan Am. Car and Fdry. . .. Am. Hide and L., pfd . Am. Inter. Corp Am. Locomotive . . .j Am. Linseed . . ..... Am.. Smelt, and Ref. . Am. Sugar . . ........ Am. Sumatra Tobacco Am. Tel. and Tel. .t..J Am.- "Woolen . . . ; . Anaconda Copper .... Atchison.;,'; : i Atl. Coast Line '. : . . . ; Atl., Gulf and West L Baldwin Lbcomotive . B. and'O. Beth. Steel "B" Canadian- Pacific . . Central Leather . . .. . Chandler Motors C. and O C, Mil. and St. Paul : C, R; I. and Pac. Chino Copper Coca Cola ,. ........ Colo. Fuel and Iron . Corn Products ., Crucible. Steel. .v Cuba Cane Sugar .... Eriv jf. a . - General- Electric ' , .-. . . General "Motors- .4 . G.. Northern, pfd . . . Gulf States Steel'-.... tlHn-bis-xrfenfral "ZTTLT,- Inspiration Copper -... Int. Mer.v Marine; pf d.l Jnternatipnal'vNickel . Iaternatlonal Paper Kenaecott Copper-. . . L. r aid v N." . :. i Mexican ..Petroleum . . Miam Copper . . . .. . . Middle States Oil -.vs. .. Midvale Steel ... . ; Missouri Pacific ...i New York Central . . . N. Y.. N. H. and H. . . Norfolk and "Western Northern ' Pacific Okla. Prod, and Ref Pan-Am Petroleum Pennsylvania . . Pitts, and "W. Va. .. Pure Oil . Ray Con. Copper Readlnsr .'. Replogle Steel ... Rep. Iron and Steel Roval -Dutch, N. Y. St Louis and S. Fran. Seaboard Air Line Seab'd Air Line, pfd..b Shell Trans and .Trad. Sinclair Oil ana Kei. Sloss-Shef. S. and I. Southern Pacific . . . Southern Railway . . Southern Railway, pfd Std. Oil of rJ. J., pia. Studebaker Corp Tennessee Copper Texas ...Co. : Texas and 'Pacific Tobacco Products ... Transcon. Oil Union Pacific United Fruit U. S. , Food Products . U. S.' Ind". Alcohol ;. . U. S. 5 Retail Stores .y United States Rubber. United States Steel. . U. S. Steel, -Pfd ..... Utah Copper .. ..... Vanadium 'Corp. ...... Vireinia Caro.--.Chem. Western . Union Whouse Electric . . . "Willys-Overlana .,.; j Invincible Oil ...... j Total sales, S21,300. HIgh Low 47 28 124 49 48 84 55 39 96 79 99 69 40 83 84 74 92 36 59 117 43 71 0 29 27 12 23 80 73 100 24 14 . 129? 15 77 ' 35 66 ;15 ft 21 .98-. 165 ,18 ;l 32 1 72 21 102 84 3 76 41 31 36 14 86 36 69 67 22 6 42 24 56 ' 98 23 59 109 54 8 44 57 11 120 109 27 71 57 70 84 111 69 40 88 87 45 -8 24 47 -- 27 123 47 46 - 84 - I 54 38 92 77 : 99 68 38 83 84 71 91 35 58 116 41 68 60 28 27 11 23 28 70 97 23 13 123 14 7g 55 15 20 98'. 161"" 18 12 31 19 ,72 120 101M 82 3 75 41 30 35 13 84 33 68 65 22 v6 42 23 54 97 23 59 108 52 .8 43 56 9 119 106 25 69 66 00 83 110 56 38 35 87 46 7 22 Sale 47 27 124 48 47 84 54 96 99 68 40 83 84 72 92 85 59 116 42 71 60 29 27 12 23 28 -i 73 98 24 13 128 14 77: '28 B 35 5 15 69 20 9 163 18 18 32--19 72 21 102 - 83 3 ?8 41 80 36 13 85 36 69 67 2j 11 42 24 6i 98 23 59 109 "4 8 44 18 B 67 10 119 106 26 70 67 70' 83 111 58 39 3S 87 45 . 8 24 ' NEW YORK BONDS ' - U. s2s, coupon 100 TT R ' 4s COUPOn . i. .. A",- Am. " Smelting, and ' Refining 5s . . ; 78 American Tel and Tel. cv. 6s . . 96 Atchison gen. 4 s . . . : . . J , Atlantio Coast Line 1st 4s..., b 79 U Baltimore and Ohio cv. 4s.... 69 Bethlehem; Steel ref. 5s. . . . . , .b , 3 CentTal of Georgia Con. 6s b 8 Central Leather 5s . ..... Chesapeake and .Ohio cy. 5s. . ... ; 84 Chicago, B. and Quincy 3oint 4s ... 98 rhtcaio Mil. and St. P. cv. 4s. ' 71 Ch1caIo:'R"i:,and Pac;Ry. ref. 4. 68 City of Paris 6s .......... .-r.. . 6 Colorado and Southern ref. 4s.. .75 nenver and Rio Grande con. 4s.. - 65 Dominion fe Canada 5s (1981) . . 90 LErle gen. 4s ' "" Vj " Illinois central rw.-. v-........ Int, Mer. Marine 6s . . . . . - Kansas City Southern . ref. 6s . . . , , 74 K T.ierErett and Myers 5s i"'57i TfSvlAe and Nashville un. 4...?4 GRAIN CHICAGO, Jan. 19; Wheat declined ln price today and failed to rally' well. despite news of active; foreign-buying Unusual lack of , support was ahovnj The market closed 2.to 2 net lower. Corn-lost to 1; oats to : and provisions 7 to 15c. - Wheat Open. Hieh Low. Close. 1.74 r 1.74 1.71 1.72 1.66 1.66 1.63 1.64 March. May ... Corn May ... Jujy : oats-r- May ;.. July Fork-- May .. iard May. . Rlbs- May.. :v69 ..70 .45 .45 ,69 .70 .45 .45 -88 .69 .44 .44 .68 .69- .45 .44 2J.80 23.50 r." 23.60 18.85 18.70 13.72 B 12.75 12.67 12.67 CHICAGO GRAIN LETTER (Furnished by H. G. Latimer, Jr., o Correspondent) CHICAGO, Jan. 49. Wheat traders are' now figuring the probable worth of grain based on the Argentine sales which this ;:. morning showed a five cent difference intavor of .the shipper. In addition the Quality of the southern wneat is better than ours. Reported cancellations for Italy and the selling of a large quantity of Canadian hedges on this market helDed to lower nrice. Adjustment will continue as the Ar gentine --.wheat-: is : likely to become cheaper, than higher. corn continued down, though mod erately, while oats market was fairly strong until close. - Can see no reason to fear selling on strong spots of all grains. ; CLEMENT CURTIS AND CO." WILMiJNGJLON MARKETS SPIRITS OF TURPENTINE Nothinir doing. - . . r v'-. ; ' (,.' - JKOSIN Nothing doing. TAK 33.50 and 15c. VIRGIN 5c. YELLOW DIP Ic, HARD 3c. COTTON WILMINGTON SPOT 14.75. PRODUCE MARKET CORN 31.16 to $1.50. BEEF 10c to 15c ' VEAL 15c to 16c. - BACON lit. OAHams 40c: sides and shoulders, 30c to 33c. UAJvlU TAJULfOW &C. BEESWAX 25c HIDES 3c WOOU-No market. HENS $1 to S1.25. LARGE FALL CHICKS 75c to 80c SMALL SPRING CHICKS 35c to 50c dull. - EGGS Steady, 6O0 to 60c. BUTTER 36c . POTATOES 34.00 basfPk SVEET POTATOES $1 to $1.25. CABBAGE $2.00 to $3.00 CWt. APPLES $6.00. to $7.50 bbL WILMINGTON fiCAJMI T MAJSKET (Reported by J. S. Funchess & Co.) White Spanish, farmers' stock, new crop, primes, per bushel, 80 pounds. $1.10. 4 iNorth Carolina, iarmerJ stock, new crop, primes, per pushtil. 2s pounas, 90c v - ' Virginia Runners, farmers' stock, nwi-croD. srimea. Der bushel, Zz - Virtrinla Jumbos, farmers' stock, new i-rop, primes, par- bushel. 22 pounds. PRTER8 RURG PEANUT MARKET Reported, bf l Rodger, Pluuver and '-n . , Company, Inc.) - fipan-sh (farmers' stock), firm, $1.00 per bushel. ' Virginias (farmers' stock), firmer.-':. Fancy 'Jumbo 6c to lb.; extra prime. 5c to 5c per lb.; prime. 4c.to fic per lb.; shelling stock, 3'c to 4c. market market 7c per DAILY COTTON LETTER (Furnished byv H. , G. Latimer, Jrv 401 Southern Bids.') Missouri, Kan. -and Texas 1st 4s Missouri Pac. gen. New York Central deb. 6s ...i. vt-l- onrt Western CV..6S....i. fortherh Pacific 4s ... . . ....... Pennsylvania gen. . Reading gen, ,4s . .... .. . Republic Iron and Steel 6s (1940) St. Louis and San Fran. adj 6s . , Seaboard Air Line adj. 6s v.-... Southern Bell Tel. 6s v. .... Southern Pacific: cv., os -. Southern Railway 5s . . , . ... . Southern Railway gen. 4s ....... Texas and Pacific 1st i . . i .. i. . ... . Union Pacific 4s . . . U. K..of G. B. and I. 5s (1937) Virginia Caro. Chemical $6m :T- Wabash. I8t. r...frr.r-i .' f ? Wilson . ana vw. w. 60 66 -92 105 73 92 81 -86 66 - :38 82 90 S8 61 80 .84 ; 85 95 NVAL STORES HO Lip AT V TACKSONVILLE, Fla, Jan. 19. No naval fitores market today; holiday, -1 NEW- ORLEANS, Jan. 19- Accord ins: to unconfirmed press reports, ad vices from Berlin, via Paris, are that terras for thepayment of the war in demnity have- been ' agreed upon by French. -British: and -German delegates. Jf confirmed, thia would be the best piece of news recetvea since tne ar mistice -was signed; and would likely be: followed , by expansion . 01 interna tional trade, -r : "'i. The market was lower this morning owintr to discouraging traae caoies from Liverpool and Manchester, claiming-no improvement in the demand, stating thatrthe recent larger buying was purely speculative. ' Manchester reports' on a ballot just taken by the Federation - of Master Spinners the decision has been reached to 'continue the mills spinning Egyp tian - cotton on short time 35 hours In contrast to the Reported situation in -England, the textile trade con tinues to improve in America. New York advises that efforts of several large buying organizations to purchase foods in quantities for cash added urther strength to the market. A Baltimore corporation has its complete buying there to take $1,000,000 worth of dry s;oods, and that some large cat alogue houses are sending-special rep resentatives to acquire available stocks of staple goods, t t . - Some retail stores are also offering to buy spring goods for Immediate shipment. Cotton goods firmer, yarns tending higher. rToday a sale of 4,000 bales of f. o. b.vsotton was sold here to exporters on a good basis. This is the first large sales in a very long while, and it is not likely that It will only be a .short toime before th de mand becomes general, as American mills, particularly in the south, hold very small stocks, about half as much as at this time last year. ' - An , authority on conditions In the eastern half of the cotton region says farming operations are nil. . Planters are idle. They bought no mules or fertilizer and are nQt applying- to banks or merchants 'for funds in prep aration for the next crop. General demoralisation.- Farmers cannot pro duce cotton at . present - price of labor, and fertilizers and implements are too On a basts of a' crop, Including lint ra. of 13.500.000 bales and a consump tion of 11,000,000 the carry-over at the end of next July- win oe .aooui z.ouo, 000 bales larger than the surplus car-t-lftd over , at . the close of last season. There is a campaign to grow only half as much cotton this year as was made last year, but even., if ' the acreage is curtailed only 30 - per cent, it would Indicate a smaller crop than last year, by 4,000,000 -bales. - - ' , H. . AND B. BEER, . - NEW YORfCLIVESTOCK: r NEW YORK. Jan. 19. Cattle firm; ordihary to rather choice steers- 8.00 10.10; bulls- 6.50 p.uu; cows Z.25& 7.00: heifers 4.0008.50. ' - Caiyes higher; . L veals; 12.5019.00; culls 10.00 12.00; uttie calves 6.00 8.00; barnyard calves-, 6.50 7.00; year lings 8.50 5.00. Sheep and iambs, steady; sheep (ewes). 8.50 5.50; culls 2.503,.00: yearlings 7.00 9.00; common to choice lambs 9.0011.75; culls 7.0008.00. .Hosts' steady; .7. -light to medium weights . Including pigs 11.25; heavy nogs iv.ov; rougns o.ts. , lusiness Today Blerchatit's Prob lems and Current Trade Conditions Om fidn GtA&' Steaks ." ; This counirsJB net gain in rold stok during the year Just ended of nearly $107,000,000, against a net loss of $292, 000,000 in 1919. is more annarent than reaL since, the amount of eold bW hy the - Bank of England, which bad neia it j:or - zeaerai , reserve .account, about equals this net gain in imports. Thus, strictly speaking, i 92Q left us with neither more- gold nor less.- We just about broke, -even. ,1 Our total cus toms imports, however, reached $429,- uou.uuu. Amis is over nve times greater than the 191ft, total. This came prima rily from Great Britain,' France, Cn. ada and Hongkong, although some gold also came ln from Colombia,' Mexico, the Dutch East Indies, and Peru! Our total gold exports - were $32200.600. somewhat less than during 1919. Near ly 60 per cent of that total went to Asia, one-tnira q it, or $iui.ooo,000, going to Japan alone. Argentina, which next to Japan was our largest gold consumer, got another 27 per cent, or 490,00u,0CO Our Argentine shipments, however, rep- resentea cnieiiy gold held sine .- tne war by the federal reserve board 'for the account of that government. The 85 Suit Again One of New York's largest and high est class men's clothing' stores an. nounced a January clearance sale lat week, and introduced the" public once more to a $35 suit ' It was reported that 11,201 suits 'went on sale, divided between the $35 group and the $50 group. The former lot seemed to be the favorite -among purchasers, al though both classes sold heavily. The $35 croup was said to include lines that had been put on sale at $50 earlier. In the season, and a limited humbef c suits as high as the $80 and $85 class. At $50 there was a regrouping of the $75 to $95 stock. witha few $100 suits. The . 5-Cent Loaf -Baelt- f,: Last' week one bakery introduced New Yorkers to the 6-cent loaf of bread for the first time since early ln the war, and, -with a full week's trialHo go by. that shop declares the new scale is here to stay. Other stores are selling as high as 7 and 10 cents per loaf. The Cut to 5 cents last-weefc by this -bakery in one of its stores brought the average sales in that store up from 80 loaves a day to 1,000, and new machinery will be set in operation to satisfy increas ing demands. With flour around $9 and 110 per barrel, and the neavy increased sales which, tits. reduction Is bringing-, the shop figures that it can make a profit.of one and a half to two cent's on each loaf. The loaf is reported to be of good quality and standard size,' al though two ounces lighter than some dealers are selling for W cents. The above announcement has aroused con siderable, . discussion.';1 among bakers, many contending. Oiat bread canot be sold at the new price with profit ThOBe In opposition to the cut point out that flour before the war sold around $5 ;per. barrel, and that labor Twas cheaper. , - , Brltlan Cotton Price Tattersali's index figures for Decern ber 31 have Just been completed, and show that average cotton prices in Great Britain atthat time toad fallen to 119 per cent above , July 31, 1914, against their record high at 610 per cent above pre-war prices last Marcn. American' cotton stood only. 49 per cent above pre-war, although last FebruaFy It was four and a half times higher than in 1914. Yarns from American cotton, on the other hand, had fallen to 141 above pre-war, against 536 last Marev and oloth "still stood more- than half as high as the peas price ln April. Declines in . Egyptian-cotton prices-have been . even more extraordinary. Last February that cotton ' sold at 9 71 per cent above the 1914 level, but now it is only 159 above, and yarn prices have fallen accordingly. 300,000 Lost Jeb in New York About 800,000 persons lost thelr JobB between March ' and December in "New York state, and factory unemployment is steadily assuming larger proportions according to the state industrial com mission. Decembers volume ot em ployment was almost one-fifth less than the same month a year ago; and employment last month fell off from November in every - branch of manu facturinr except three minor indus tries." Employment in the cotton in dustry decreased 24 per cent in De oemiber alone, and is .62 per cent below last March. About 29 per cent, fewer persons - were employed in - the men's clothing industry during December than" 'during November, ;and there has been a reduction of 53 per, cent since last April. 1 (Copyright, 1921, by N. T. Evening Post, Inc.) The Investbr . His Present A Opportunities and Problems ' Money Declining Bonds AdvandBg Previous to the eleventh day of this month the- statement that conditions were favorable to a steady rise in bond prices could be made ' only with a res ervation. There had been no concrete example of easerf in the money market. Bonds could go ahead on the strength of lower prices for commodities, but in time they would , have been forced to wait for money to become plentiful enougfc to break the rates. But on Jan uary 11 the treasury's offering of -nie-months certificates at the slightly shaded rate of 5.75 per cent was accom panied by a lowering -of the call money rate. It developed during .the rest of the week that the new call rate was not the result of Ta ' temporary over supply of funds, but of a real surplus created by the flow of idle money from points outside of New York. Rates fop time loans ihave been lowered. Still further along it will be possible for ?the federal reserve banks to lower their re serve rates, opening the way for reduc tions in all classes of money.- TJnccr tainty as to. the "government's borrow ing requirements may hinder the nor mal progress toward cheaper money, but the basis of a rising investment market Is none the less definitely es tablished. . .. ,. V v I , - Recovery Should Be Gradual A Investors who 'take the. bond' price advance of the first week3 of this year as a standard, for measuriifg their ex pectations for the future are likely to be disappointed. It should be remem bered that the record low bbnd" prices of early last summer were ". attained after an ; almost direct decline ; over about three and one-half years. Recov ery, If it Is "to be carried out without disheartening setbacks, must be grad ual. The average price ot 40 represen tative , bonds declined 23.9 points, or 26.50 per cent between January, 1917, and May, 1920. The average price on December 23 of last year, just before the present movement started, was 25.50 per cent under jthat of 1917. ;, At present the average ts still 21.25- pet cent below Ahe 1917 prices. .Thus the advance since December 23, including the very rapid rise of January 3 to 8. has reduced the depreciation 4-50 per cent. " -.v'". ,V 'r ' How' Inaetlve Bonim pkange The Investor will . frequently find . In studying the1 daily recorO of bond mar ket transactions ; that some tissue Js credited with a".et gjaJh' of several pointal He is led to wonder ? what cir cumstance could account tor such -a change, and, in the absence of any bet ter explanation," will come to the.conr elusion that this particular issue must be: suibject- to speculative whims,- This conclusion Is often wrong..- It; is more than likely that the bond;; fn question has not nguredih a sale ror a long pe riod; during which the general market has - advanced . several noints. , Some bonds are . closely held and -rarely come into thenarket. Yet It U only natural that their value, should-; Increase or de crease - witbr-changes In-the Investment situation. An actual sale Is not neces sary tp establish a price . It is enough to know that the prices , of similarly rated bonds have gon up or down with changes in' fundamental conditions reg ulating such, prices. : If' aj, bond1 which has hot appeared In he trading for jtwo months; for Instance,;; actually , sell! ..on a certain1 day.at a gain of ourf points over the-previous transaction, -the gain must b e set down as a f cumulative., on e. r: Tilrfllard Deuturets1 ' ' The , p' Lorillard company'! furtded debt :-conists,of two Issues f len tures.v Both arelisted 00 the Nw-l;ork stock exenange. -;-jcne company w corporated In -1911 as a'. result of ZPt dissolution-- oj ve AuisncnT:vuww ebmpa?. j-. One : issue bears a coupon rate of "7 pervcent, ls .due in 1944, arid is selling around 104.60 for a-currentr-turn of 6.T per : cent, or a, yield of 6.6 to maturity tVTfcetn U mJ$ p,erient debenture, due in 1951, which sells around 81.50 ,for a current return of 6.1 per cent, or a yield of 6.4 to maturitv. Neither callable before maturity, but the ,7s are being bought and 'cancelled through the operation of an annual sinking fund of $100,000, which must be used for the purchase of bonds at 130 or less. .The company nas no authority to draw bonds .by lot for the sinking fund. By virtue nf their slightly high er , yield and their materially better current return, the 7s are the more profitable : investment. The fact that they have, a prior claim upon assets and interest gives them only a potential ad vantage over the 5s because of the com f ortable - margin ol earnings. Neither issue is secured by mortgage, but it is provided that no mortgage or charge upon earnings shall be created without making: these debentures prior liens. The . company earned' its bond interest charges 4.95 times in 1919, and. in the previous seven: years, during all of which these debentures were outstand lag, earned these, charges- 3.49 to 5.62 times. Totalt debt is $20,695,900, about equally: divided, between, the two issues, (Copyright, liil, by New York-Evening fost, inc.) V. g. WEATHER BUREAU . Wilmington. . Jan. 20,. 192L, Meteorological data for the 24 houra ending at p. m. yesterday, v. . Humidity Record Dry Wet Relative bulb bulb humidity - temp. temp, per cent 8;oo t..n...;..i. v23 - 22- 81 12:12 p., m.,. 3i v .i, jg--. 37 8:00 p. m.,.,..,. 84 29 49 Temperature: Maximum 4t; min Rainfall for the day .0; since first z montn to aate x.vv. North -Carolina'; Partly, cloudy . aid mucA'warmer xnursaay anarriaay. Sun rises 7:18; sua sets 6:S0. : - The Tides . High water. Low watr Wilmington V.v 6:37 6:56. 1:23 3U4 Mason bo ro ,... 3:56 4:15 10:37 10:48 Southport . , .-.r- 4111 4:3010:52 11:03 WEATHKfli BtTRBAU REPORTS. , STATIONS Temperature: 5- tor Abilene ...... clear! Asheville -Pt. cloudy Atlanta .... cloudy Augusta ... ; i . clear! Birmingham pt. cldy Boston : ' clear Charleston a . . . clear) Charlotte pt.. cloudy Chicago' cloudy Galveston clear Jacksonville '.cloudy Memphis ...... clear Mobile .1 . . . . . - clear Montgomery' .cloudy! New Orleans' Dtcldy New York . .-. - bleari Oklahoma pL- clendyl Palestine -.. clear! Pittsburgh Pt cloudy Raleigh ..pt. cloudy Savannah ' clear Bhreveport .... clear St. Louts Tiv.tslondy Washington .clear Wilmington nt, cldyj 28 has : 42 3 $4 . 22 . 43 - i 34--44 v 64; .52 60. - to '6t 60 24:. i,66 4.32 ,32 46. 68 t 64 -'26 to 55- c o 64 20 28: 38 1 84 ; . 00 - 30 . 22 . 24 ' 68 h 50 .40 44 ;' 38 50 -4 : -20 ',64,v 12 ; 5 162 10 it Wilmiaa-teu -i : For . WrtKhtaTlll Leave Wilnlagtea J : ITer Bene 6:S0 ' 7:20 I 8:00 t v:30 10:00; . 11:30 1:06 2:00 2:30 3:00x :$0 t 4:00 v 4:39 5:00 6:30 6:10 ,:40 7:15 8:16 9:15 10:15 11:15 A. . Ja. '--. a. M; A. U.ir A. M. A M. A. ' M. ' A. M. P. M. P. M. P. M. P. If. P. M. P. M. P. M, P. iL P. M. P. M. p. m. : P. M. p4 m. P. ML P. M. P. M. 6:50 A. 7:20 A, If. M, 8:30 t 9:30 0:00 11:30 1:06 2:00 2:30 3:00 . 8:30 t 4:00 4:30 5:00 6:30 6:10 :0 7:16 8:15 :ll A. M. A. M. A. M. A. M. P. M. P." M. P. ' M. P. M. P. M. P. M. P. M. P. M. P. M. P. M, P. If. P. U. P. M. P. M. iv,n p. m. . "' Leave v " Wflmiagtea 6:00 A. Ja, I6:3S A. M. M. 7:05 A. 7:3 A. 1 ,5l t!0:i6 10:48 12:15 1:48 2:48 3:15 2:46 4:15 J;!l 8:46 :tl 8:68 7:25 7:65 8:30 :$0 A. , M. P. Id. P. M. pi it P, M. P. M. P. M. P. M. P. M. P. M. P. M. P. M. P. M. '. M. -- Leave s. Wrts-atavtlUi ? For WUniagtea 66:10 1 8:60 I 7:20 :- 7:50. 8:0 - 8:26 118:25 10:56 12:25 1:6S 8:66. 8:26 86 4:25 "Nt 5 k 6:25 1 ' 8:66; x' 5:35 1:05 t:85 8:06 8:46 : 8:46 10:46 - 411:46 ...fin. 1 A. M. A. M. A. M. A. M. A. ' If., A. 2f. A. M. A. M. P M. P. M. P.'-M. P. M. P.-M. P.- M. P. M P. -'la.'", P. . M, P.Jkf. P. IdL P. M. P. M. P M. P.M. P. M. P. M. II DAILY tiXCEPT 8VM1AY. KRflli HTATIOM 1. This car connects at WrightsvllU on special request to transpor tation office. Phone No. 2701. V TJTbis oar will go through to beach on special request to transporta tion office- . - ', . -v Daily except Sunday. f Saturdays and Sundays only. f Bandar only. Freight Schedule Dallr EkMit Snudev. -Leave Ninth and Orange streets 8:60 P Id Freight Depot open daily except Sunday from 1:00 to 8:00 P. M. STATE SECURITIES COMPANY, INVESTSIENT BANKERS ,N-"' STOCKS : BONDS : INVESTMENT SECURTTIE3 . - - . '..' . . - R L. HENLEY, President ' - .-.'', ' ' "':'' 903 Murchison Bank Building Telephone 290 STOCKS and BONpS COTTON, GRAIN AND PROVISIONS H. G, Latimer. Jr. Member New Orleans Cetteu Ezchanjre Direct private wires to New Orleans, New York, Chicago and all principal points. Orders solicited for future delivery in Cotton, Grain, Provision, Cottonseed Oil. Coffee and Sugar. Securities bought and sold for cash, or carried on conservative margin. Correspondent, H. and B. Been 401 SOVTRERlf BUILDUIG Kew Orleasw, Lev PUOIVB 8v What Do Yon Think Of Tills f AN IVER-JOHNSON BICYCLE For . Yours Boy or Girl! QUEEN CITY CYCLE CO, 209 Market Street ; TELBPHONB 863 NOT TOO LATE TO PLANT RYBJ WB BtAVB 100 sack Rosen Seed Rye. ' 20 sacks Abruzsl Seed Rye. .DONT? FAIL TO PLANT OATS 500 sacks Burt Seed Oats 100 sackp Rust-proof Oats. Bg stock of all kinds of Feeds and Canned Goods Prices oo- basis of present costs D. L. GORE COMPANY Wilmington, N. C. your Boy Wants A CROWN MOTO-BIKE Cash or Weekly " Payments Wiliiiihgtbn Cycle Co. 215 Market Street Phone 526 , STARKEY & GOLDBERG STILL LE3AD THE WAY 1 BACK TO 114 PRICES NEW AND FRESft ARRIVALS Sun-KIst Sliced and Grated Pineap ple, Asparagus Tips. Yellow Cling Peaches, Oscar Slayer Brand Canned Meats. Carnation Milk. All kind of Canned Goods. Blaokeye Peas, Apples, fresh and dried. Complete line of Candies. Bear Produce &ncj Merchan dise Company (Wholesale Only) Cor. Nutt and Grace Street gaenea 4B3 ..S8 ; ".' We Have a Good Supply Of Coal : Cement : Wood A trial order will convince yon of uallty, fuel and service -. Phoue S321.W BSCKSSR COAL AND BUILDERS SFPP1 Y COMPANY i Oaetle, Qeea and Surry Streets a f.nin la fw - chninnj W. kVJunroe AND COMPANY C'UBN.IT-'UHB ' t ft. Promt St. fetr Hoaeyi Werta Always CITY ELECTRIC CO. 203 Princes St. Paone SDS APPLIANCES t MAZDA LAMPS . WIRING SUPPLIES Telephone 122-123 ,00 .00 i.oo -. .00 .00 .oo r.oor .00 .00 .00 .00 .00 .00 .00 ' .00 - .00 .oo - .00 if. 00 v.00 00 -.00 .00 -.00 V W. E. & J. H. TAYLOR inaMILY GROCERIES AND COUN TRY PROOTJCES 'v Frulte, Caadiea, Clears and Tobaeco, Chickens, Egrar,' Meats, veto North Corolluo Meats' a ' " ;' : Specialty 812 CastI St. - Phono 1910 j-gjgejHunaMfjMjBJBSBBeSS f n jsW'- J iss ?&W "iZ-- '' - saueuo W. L. DOUGLAS I. & Til. L. Hunvitz o v05 North Ftttrth 8t ; . W. L. DOUGlf AS BE AN 0PERA1OR OF " A LINOTYPE. INTERTYPE X;- OB MONOTYPE MACHINE Good pay, educational, pleasant work ' -for men and women. Course is short . and least expensive, schooling you can-, obtain. (Typewriter operators excel at onee.) . Address .Typesetting Dept, Georgia Alabama Business -College, Macon, G-. for full Information about ' American and southern Newspaper Publisher Typesetting SchooL. Adv. . ' : ' Read Star Classified Axis, ; m ! V i. i -mm r. ti '! t - li if 'lU-'i- (: V. mm 1 U'.' r':i,r' PI I..' ! n ml 'i- t' v.' ,l - ir1'' "Mir. lilt t I 'F HI-'. If!' S r .hi 1 1 I' Tl 1 t i . i f 1 1 1 ' t -
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Jan. 20, 1921, edition 1
11
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