Newspapers / Wilmington Morning Star (Wilmington, … / Feb. 8, 1921, edition 1 / Page 11
Part of Wilmington Morning Star (Wilmington, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
. ' - . THE MORNING STAR, WILMINGTON,. C., TUESDAY, FEBRUARY 8, 1921. - ' 1 -' , 'ELEVJIT''''!': Financial F- . . Hill .ill, -':vt3'';r. . ua 4 XEW YORK, Feb. 7. A further-ad-in the cotton market during . jRy'g rarly trading1 appeared to meet more hedge selling from the south.' and was followed by sharp reactions. - May contracts for instance sold oft from 11 30 to 13.63 or within 13 points of last week's low recoTd. . That delivery close d at 13.70" wim mc general ibi barely steady at a. net decline plosin of 35 to 41 points. . The market opened steady at an .rivanco of 7 to 18 points and active months sold 15 to 22 points net higher "ht after the call on Liverpool "feuying L 7.1 a renewal of the covering" move l Lnt which had been in progress at the !, !)SP of last week. Late cables from i iverpool were weak, -however, as a ;',!qUli of rather heavy selling of March Inntracts there by American interests .,H after the close of the English niarket shut out arbitrage business, the L imiort here was much less active. The covering movement, was pro Mi ited by reiterated reports of inereas i'nir domestic mill activity, but themar ' Tt became much more sensitive to sVilinK after the early demand? from shorts bad been supplied ..and prices r.oke sharply during the early ' fteroon. The decline was acteom lanie'd by reports of increased spot offerings in both eastern and western actions of the belt and considerable southern hedge selling was reported in i.oth old and early new crop positions. slod loss orders were uncovered on the t.roak which carried March off to 13.20 -incl Julv to 14.00 or about 50 to 65 uoints net lower and within 10 to 15 points of recent low records. After heir execution there were rallied -of 15 or "0 points 011 covering but they were not fully maintained and the mar wt showed considerable nervousness in the late celling by trading, owing to continued the south. - High. Low. Close. 13.97 13.20 13.34 14.30 13.6313.75 14.67 14JJ0 14.15 14.75 14.25 14.40 Marfch . May ... July October M3W" ORLEANS COTTON XlvU' ORLEANS,' Feb. 7. A down ward movement of considerable propor tions developed in cotton today following- a period of uncertainty and hesitation around the opening. Selling resulted from an unfavorable opinion of European conditions, both political and financial, from the railroad situa tion in this country and the statement hv a government official that deflation niust be carried to further lengths. Lowest prices came late in the day and carried March off to '13.00." At this Wei the more active mcArths were 41 to 44 'points under the final prices of lnst wetik. The close was at net losses of 31 to 37 points with March at 13.09. On the opening, better cables than due caused a rise of 5 to 8 points but almost immediately prices fell off to net 'losses of 1 to 3 points. Cover ing by. shorts set in and was urgent for a while with the result that the trading months were lifted 13 to 15 points over Saturday's final figures. At this level the real selling movement of the session started and it hoisted the close. New buying failed to make its appearance with any volume after the early trading and seemed to have been shut off by the holiday here to morrow in observance of Mardi Gras. Spot accounts were mixed but' were mildly unfavorable, on the whole. Locally, spots were unchanged at 13.25 for middling. High. Low. Close. March 13.50 13.00 13.09 Mav 13.80 13.24 .lulv 14.04 13.52 October 14.28 13.86 13.31 13.56 13.86 OR VIS COTTON LETTER NEW YORK. Feb. 7. While Liver pool was a buyer here this morning, prices maintained a steady tone, but later cables were lower and the market sold off under offerings from local spot people, southern hedging orders and some long liquidation. On the break several short lines were covered rather easily but furnishad needed support. Eastern belt spot mar kets report business at a standstill al though much attention is attracted by the re-opening of mills both north and south which should bring them demand for raw material, as present supplies are consumed. It is time when it takes patience to be a bull, but in the long run we think buyers on these depressions will be well repaid. ORVIS BROS. AND CO. . GRAIN LETTER (Furnished by H. G. Latimer, Jr.) " CHICAGO, Feb. 7. General news favored the bears today and they took advantage of it and with the exception f a few minutes strength follow ing the opening, the wheat market was a liquidating affair throughout the session. Prices broke rather free ly toward the close, rhe buying power bmg too small to hold the market. Recent hulls were discouraged on ac count of absence of any export 'busi ness, the report that Italy bought Indian wheat considerably under American prices and also the weak ness in corn. At the close, sentiment was more bearish than on Saturday afternoon. Primary receipts werelarger " nearly 500,000 bushels and the cash markets were easing off except in the northwest, where premiums were one to two higher. The reported heavy snowfall throughout the southwest Should be beneficiar to the -crops. Corn Scattered, locals and : shorts ere the buyers in corn today. With such large visible supply figures,' there as no incentive to bull corn and the market broke sharply during the last jour. Country offerings are literal and cash markets were all weak. With me forecast for colder wearther, fe ipts will continue large and with sentiment favoTlrig lower prices , don't neueve We will see muoh,. if any .rally rr the present levels. ; ; 1, There was some firmness "w'n, early but, tills was- soon dis sipated when the break etkrted Tin , II and C01"n. A large elevator con aI f"rnished ,the only buying of the oy and this was not sufficient ; to check jthe decline. .! , - CLEMENT CURTIS & CO. ; BRYGOODS MARKET 1 .: ! NEW YORK, Feb 7.v The , cotton v""'8 market was quiet today at first "and. RAtQllara ttrA maka. a aHua Aftrl Johb ?erg reported a steadier business. for I ,yarns wre easier; dress goods moved moderatelv to cut- ITS Rrtrl inKK j ni tclive J UC,JI mu biikb were iiiuxo F.W YORK LIVESTOCK r0S YORK. Feb. 7 Cattle";' XaSnH. "UIIS 5.fln)7 OA. . n rwn. c 8fl0ir,8aiy: veals 11-00(917.60; culls little calves 6:00 7.00. we, iPftftnA iamfbs; steady. Sheep, lnE. hSth00'- cull 2-00(22.60; yearll U"b, V-o-75: wether heep ' 8.00; Ho? 7-o0'S'10.25; culls 6.00 7.00. 1 Mk?; steady. Light , te medium hoe, or .ncludin& Ps:s 11.25; heavy 00; roughs 8.50. COTTONSEED OIL wiY-XORK, Feb. 7. Cottonseed oil fend v' r under renewed liquldn-tlon In i0KPJ8ellilJsr- Lack . of consum Md "an and the weakness in. lard honi 0n contributed- to the bearish boinUnsr- ; ,F,nal iWds .were 12 to :14 "tt lower. Sales 16,800 barrels. and STOCKS Edltor Notet On account of vrtre tronhle, T Star was unable la.t ntght o obtain Its customary report the , stock; market. It regrets very mach that difficulties, Wh,e Provision could not be uoe in, advance, resulted In this deficiency In the market page 6t tnis Issue. , , - r 1 1 . . 1 ) i-, GRAIN ? 1 ' Wheat March v . . . May Corn May July Oats May !. ... 1 . . July .1.1.. High. 1.68 1.48 .66 .68- .:. -3 Low. 15414 1.44 65 -67 ciose. 1-14 -65 -67 it AIItf COTTON LETTER t : 5?lJejl ly H. G. Latimer, Jr'.) wW k ORLEANS, . Feb. : . 7. Market having, been made technically weaker eaii0?-ot- extensive covering!! by shorts latter part of last weekr the rauure of the spot demand to revive over the week-end influenced liquida S?v.a a lower market today. Therewas a slightly better demand 0' -.8Pot in Liverpool, however, sales 6,000 bales with prices a shade -higher, J-ndon was more cheerful because of Ihe intention of the British govern ment to remove the excess profits tax in England. T The British excess profits tax yield ed more, than eleven, hundred million pounds sterling to .the government during the last seven iyfears. -All firms will cease payment of this tax in June. It was agreed that the government's decision would bring relief from the present trade stagnation, lack of en terprise, and labor will be 'benefitted by placing it on a much better basis. A movement is on foot to have the United States government take j- la similar step in removing .the excess profits tax. which would be of benefit to merchants, manufacturers and labor, as the margin of profit, now almost wiped out because of the removal of inflation, would be made larger and encouraging to commercial and indus trial endeavors. Meanwhile there is disappointment1 in the failure of the demand for spotsto increase in the south, but as more textile machinery is being set in mo tlorv by southern and northern mills, which hJd small stocks of the raw Lproduct, the long overdue demand is likely to develop when least expected. Planting time is near at hand and farm work in preparation for the next crop is backward, very much so In the eastern half of the telt. and the cam paign for a drastic reduction in the acreage is making satisfactory prog ress in nearly all sections of the cotton region. The bureau of markets, Washington; reports the demand for cotton seed for planting purposes is very light, sales so far this season the smallest since 1915 on account of the financial stringency of the cotton farmers and uncertainty 'of cotton being a -profitable crop this year. . . . : . H. AND B. BEER. SUGAR AND COFFEE NEW YORK, Feb. 7. Raw sugar quiet, refined unchanged at 6.85 for Spot coffee unsettled; Rio 7s 66 fine granulated. cents; Santos 4s 9 104. PACKERS JPROPOSEpfrBW SALE PLAN TO COURT WASHINGTON, Feb. 7. Swift and company and Armour and company filed today with the District of Colum bia Supreme court a new plan for the sale of their stockyard Interests ..in ac cord with the terms of the consent de cree agreed upon with the government more than a year ago. r The plan is a substitute for the one .recently disapproved by the -courtvun- der which the interests would have been acquired hy F. H. Price and com pany. Boston bankers. It contemplates appointments of sales agents to sell the stock under supervision of trustees, who would have control of -the stock meantime with authority to vote It and who would receive - $5,000 annually each. , . The department of justice will he given time to study the new plan and if . objections are filed argument will be heard by the court 'before a final de cision is rendered. S. WEATHER tfURKATJ Wllminarton. Feb. 8, 1921. Meteorological data for the 24 hours ending at 8 p. m. yesterday. Temperature : . . Maximum . 69 ; mini mum 49; mean 69. Rainfall for the day .00; since first of month to date 1.17. Humidity Record v Dry Wet Relative bulb bulb humiditr temp. temn. per cent 8:00 a. 12:12 p. -8:00vp. m.i . .. . m. w zn. . f . . 60 45 - 96 I 68 59 58 t 62 60 87 - Korth Caroliria: Unsettled weather Tuesday and Wednesday, proDaDiy rain. Somewhat colder Wednesday. Sun rises 7:04; sun sets 5:49. WEATHEjH KXTREATT REPORTS. Temperature; ? STATIONS ClJ 2 00 n o ft e4 84 13 Ihilann ... . ,.ClOUdy 38 r- 60 62 76 64 r;30 Asheville raining Atlanta raining ,i46 , 48 48 68 62 ...-2, 1-64!' J 60 i . 54 ?- 64 84 2 a - 42 .1 .00 2.08 .00 .00 .18 .00 A.iicmatB . i .-i V ClOUy Birmingham ralningl Boston . !. ; snowing Charleston .,i rynfA j :r . raining Chicago j-L. . ,'.. !0lou.dy I f , , vr Galveston int. ay it --78 'toe 74, 80 ' 42 ; . .00 .00 JacksoAvillef pt;cldyj Memphis r ;V ; raining. .86 .00 .00 .00 .00 Mobile. -.' Montgomery pt. cldy New Orleans cloudy New York snowing Oklahoma .. raining L-20 0 if .00 l.oo .in tthtvrrh -.claudy Raleirh vV.iCldmdyi it 68 41 r 6$ Savannoih- Slarl.,47S Shreveport . piouayi 1 - ;t Louis -ciouayi 44 54 44 Washinsrton rainingi 30 49 vv oemHs - ----- 1 j a Wilmington ..""oloudyJ.-..-6. rt-JHy j 1 sv - a : jU. mmm . --.i-, v- - E J- : - " - ; i f- --r- 5- :-- i-v - -sr.. r r- r . , . -i- -i--- r - rrr rs - w -r ?-- -v . ; ii i & m m m .. w m m . n. . mrm mw m m : r , . . , m , i t r SHIPPLNG .. The . American, steanier Lewis ic. Thurlow,', kfter r discharging a part cargo , bf fertilizer materials kt the terminals, of the Wilmington'. Compress & Warehouse company, has been towed to the Clyde Line terminals where the 'MMiAtW i It t i ... . . . ciuiiimer vx xipr cargo win do dis charged and stored.- - -'- . - :U- : BAILED The American tanker Joslah Macy; Monday f or .-: Baton' Rouge, La.r after discharging several thousand barrels of oil at the local Standard .Oil dis tributing station. -The Italian steamer Ansolda-V sailed Saturday morning at ; daylight for Genoa,. Italy, after having leen held in port 24 hours because Of foggy wekth er. The freighter 'had aboard, more than, 17,000 bales of cotton loaded at the Champion Compress of Alexander Sprunt & Sons, " ' ; ; ... r-r- !, (ARRIVED " The American steamer Youngstown, from 'Fernandina, Fla.j with a part cargo of ; rock. The Youngstown will loadi.2,OpO bales of cotton at the Champion Compress and then sail for a European port. .. .. . : Vessels in port San Lamberto (Br.), Carolina ship yard' . " ; ... " . Lewis I?.:' Thurlow, (Am.), Heide & Company. . , , Youngstown, (Am.), ,A 1 e x a n d e r Sprunt &' Sons. ROCKY MOUNT WOMAN IS FATALLY CRUSHED Mrs. A. E. Crews Struck 'Shifting Engine By (Special to The Star) ROCKY MOUNT, Feb. 7. After hav ing' been knocked, down and dragged for a short distance by a shifting en gine which struck her' as she ' was crossing th main track of the Atlan tic . Coast Line railroad at Western avenue, in the heart of the business district, Mrs.' AV E. Crews, widow of the late E. H. Crews, formerly a lead ing tobacconist of Eastern Carolina, died at a local hospital, where she had been rushed for medical attention. Death came within one hour after the accident occurred. 'i Just how the accident (happened is a matter of conjecture. There is no bell or gate at the western avenue cross ing, however, and the supposition is that Mts.. Crews walked on to the track without seeing; the train and at such an : angle that, . the trainmen did not ,soe her ...until, it was" too "late to keep the , shifting locomotive, which was trailing several cars, from hitting her. ' . Funeral seryices will-be held from the First Methodist church Wednesday afternoon and will be conducted by the Rev. J. F. E. k Bates,"' assisted by Dr, Gibbs. ' Surviving the deceased, who was 60 years of age" and a native of Holland, Va., are ''ond daughter; MrsJ L. H. Grimes, of this -city; a grand-! daughter, Miss Elizabeth Christie; also of this' city; two sisters, Mrs. W. -F. Morgan, -of Holland, Va., and . Mrs. Thomas Cobb, of Saunders, Va, , and four brothers Wv J. and.- H. H, Hol land, of Holland,'- Va. i R. S. ' Holland, of Saunders, Va-,':and T. J- Holland, of Ambrose, Ga. She W'as married twice; the first time to the' late D. S. Grif fin. '-'! WATSON WANTS BUTLER TO HAVE CABINET PLACE Will Urge Appointment V North Carolina Man ofJ (Special to The Star)' - WASHINGTON,- Fet. ' 7. Senator Watson, of Isdiana, is going to Florida to :,skv President-elect Harding to ap point former Senator Marion Butler as secretary of agriculture. There is de cided opposition to Henry Wallace, of Iowa,; and 'Mr. Butler' still, thinks he has ashow. ': Representative Uatrold, of Oklahoma, wired Mr: Harding: today urging him to name a southern' man. His ''first choice is John Field, of his states' but if h can't get him he would like to , have Mr. Butler. It looks as if the horse were, out,- and it is too late to. .'lock', the door. . ' LITTLE GIRL SETS FIXE EXAMPLE OF PATRIOTISM LONDON, Feb. 7. An ' English girl has just set an example of patriotism to toer sisters t of this or other coun tries hy cutting off and selling her hair and giving the proceeds to the govern, ment to help relieve .its financial situa tion. 3Jhe girl's name,. has .not ..been made . public . . : . . :. i , ,tier .letter announcing her.sAcxince as" received at a goyernpient office reads: : ' '' ' '.''. . . "TPo hip, even .."'though..!. In, a very small way, the .country in:; the present financial i difficulties I have, had my hAfr cot 6ft and have sold it, "Withthe money thus obtained' I; have bought war savings certificates .which.,, I have destroyed. -. The 'mpney is thus, a direct gift to the country If this could be published, . perhaps, many other girls would , do' as I have1" ; and thou sands' of people would " bev"encOuragei to give up something thaf would bene fti the; country finkncialJy.M ' . .;-rf ... The latter vra.n- published,, but ' emu lators of Ihe ; writer's example haye' not been, heard. A reason-may be . found ln" Ttcent: decree of hairdressers that ibobDed" lock are ho longer fashionable...-. :- , WOllkAN DRIVER KILLS A " " ' j CHILD AT CHARLOTTE i CHARLOTTE, Feb. 6.-Drlving her automobile on -het; way -to'-lthe Alex ander ChildreA'.B home, a;, charitable In stitution, to - teach a Sunday ' school Class, Mrs. A. . Summey, wife of a prominent Charlotte, banker, -today ran down and killed a- four-year old. child, David Snyder, son of Mr. ajp.d Mrs. Isaac Snyder. . .... .': .v '" ' - "Wti.ti E',ltePttBirt,3BBr. '''' , ''' 3i NEW-tYORK3 'i Feb f BPhiladelimla .hd Buffalo wilh toec- represented fn : the continental (baseball league, George A. Lawson, its organizer, announced, here today. The Philadelphia franchise has been awarded to Captain 'Raymond - C; Warner and the Buff alo one to Warren L 'Patterson,. shoe manufacturer. , (. ;i . MrwBpn Seipreased jBojifldjenee!. of jblaciMf, a' teaniin ejwark .ilvgwhete fee . IV 'to cVhieYwlMlMaVdr Gillen iWATidav. Next week he Will ' era-, to Cleveland. Plttsb'urg'h - and ft either 1 Cincinhati qr Chicago. . i" Tod usiliss Delnslonji Of Shortage and Surplus 'V "It always happens rayg . student of business conditions,: "that 'in.. a pe riod Of rapidly advancing prices tb.ere is an apparent shortage of goods," and there i a clamor at such: ati from business men- and consumers gejierally for greater production. This was Ihe case a year go;' and for' the' seemlng scarcity labor got much of the 'blame Then, in the second half ;of the. y4r, when prices began to fall, ; there sud denly developed an Idea that there was a plethora of goods, , and the public was regaled with stores : 0f surplus' stocks. As a; matter of fact. ' nfelthfer the shortage 'nor the . surplus -Was as great' as ' was commonly belifeved: in the; period of inflation large quantities of goods were withheld from. the mar ket ' in ' anticipation., of higher prleea, and when the holder's realiaied that they had guessed wrong they made haste 'to get out from under 'This, of. course, quickly dissipated theIdea of, shortage and tended still more to stimulate the downward movement of prices. The uii duly large : offerings then" ipade it. ab pear that there ' was a great surplus: In some lines, especially 0f raw mate rials like wool," hides, rjrther ahd cot-i ton, the stocks were abnormally large. There were alsb large "..stocks' of merfs clothing, due to the buyers' ' strike 'by the men, which started last spring with the ' so-called overalls movement. In most lines of finished goods, however, stocks are now nornfal and sometimes even sub-normal," arid. when ,huyingW resumed many dealers aTe. 'likely to nnd gaps in tneir assortmentsv Wheat as 'Moiiey"1 The editor of one of our foreign trade journals has made the discovery that wheat not gold-r-is the world's standard of value, and from this he deduces some interesting conclusions. Just before we : entered' the ' war, he says, the purchasing power Of a bushel of wheat was very close to ?lll 0' when expressed in monetary units. . In other words, "Vhenever any commodity' w4s priced at $1.10 this wag equivalent to saying that it was worth a bushel of wheat. Then came unprecedented "spec ulation in 1917, followed by the gov ernment's fixing a minimum price on wheat of $2.20. The effect of this ac tion was not to. increase .-the value of wheat but to lower the value of theJ dollar, inasmuch as it would, only buy half as much wheat as before. ,It fol lows. Then, that the tremendous rise in the cost of living was the logical and inevitable result of the price-j&xlng orji erationa of. the government ,r the case of wheat. When , this arbitrary contrel was removed. It is argued, wheaf tended to climb down to its old valua tion in terms of money, and as soon :i the, dollar hegan to uy more wheat it would ' also command ' more, - of , other commodities in exchange for "itself. Ail of this is interesting and important if, true. If wheat is, the standard of value, though, why should It be necessary to bring .its relation to the monetary unjl back to the old basis as sopn, as gov ernment .control wasremoved?; Whjyi Chrtmpeake Oalo j , Firmness of Chesapeake and ,Ohib railway bonds has been due'fo the favr orable impression cf eated -' Tty this.; road's display of earning' powor-unde the new rate schedules. Publication of the' December statement'akes it posr sible to give a comprehensive summary of the four months beginning Septem ber" l and for the full calendar year. From September 1 to December 31 net railway operating-income, after allow ing for taxes- (less war ..taxes), uncol lected revenue, -and rents, totalled S7, 311,000, compared wltn only !258,000 in ! the corresponding period of 1919. ;The same- Item for the calendar year was $11,858,000, compared ;withr 87,463,000 in 1919. Thus it detelops that net income in the last four -months of last year was equal to 64 per cent of that "item; for tlie whole year, .fcrherea he cor- responding u period of 1919' produced, only 3 1-3 per cent lof thev year's in come. Twb months ago; 'or even as late; as the first of this year; it was" thought that the -remarkable '.showing 'made in .September and October was due to the heavy demand for coal in tne fall, es pecially the export demand.-It was pre dieted, therefore, tnat the December statement would reflect the sharp de-j cline in that export jdemand. But De-f cember produced net of 81,156,000. com; pared with 3663,000 in December. 1919i and . with, 81.210.0W) in ' November. It would b idle to estimate-this, calendar yeaV's earning ratio on' the i basis i . of those four months, because1 traffic - In the near future is an unknown quan-j tity. However, any : serious setback arising from this source Is lively, to af fect 'the railroads In - general ahdv not1 Chesapeake in particular, and "being a I general 'malady; It will call for a gen eral remedy.,- ,. .. . , ." ' '' ' . t '" , Chesapeake OonseUdated 4 Chesapeake ah!d Ohio first consoli dated mortgageijs oh Richmond and! Allegheny railway, division are jBelling; close .to the best railroad mortgage: bonds..' Due in 19.89,Vthey, Mire eur- rent return or " yield to 'rnatuty; ,of 6 1-2 per cent at the present market; price .of about, 72, 1-2.. In 1917 they,oid as high as 88 12, yielding 4J51S jjer cent, and ln-1911 the yield was only 4.16 per- cent at the high j price of 96. nThe $6,000,000 outstanding are., first mort gage on 242 miles of road, at the rate of $24,793 a mile. The smallest- de nomination bond obtainable is $l,00k The company pays!,. Half the nonmtlj fArfArtiV income taix on interest derived; hn M Hnnas. No "Cnesapeake and. Ohio railway Issue is lgal for savings bank Investment in this state, but the 4s of tht Issue and6everar aaaiuonai Chesapeake bonds are ibetter secured 'by earning . iji ukt -';:"?' "t r bonds of other roads. '. v ;.f, f--t -,--rv!1' ."i-rii 7 '2' J Geaeral f Funding .and. tojwrfweiit 5 Chesapeake, and; Ohlojgeneral fund ing and Improvement os are -selling-on a hieher yield "basis "fw .twd reason! First, they are not s cr m vw TatiB"-" as the Richmond and Allegheny 5s and, second, they " are a short-ten security.maturing , in 1929. At ; th present 'maTket price of 82 Ihe curreret return 4311 cent' and $he yield to maturity aQut.- 8 per cenfcl A? total of $li,06o,D00re "either Outstanding or pledged aisfiGurity s forv other bondsi Thev are a deferred lien on 1,785 mllejj - . -I i 11.. of -road. - suoject to., prior liens- at the h - ' ... 1 1 . . , : : ' . . : . - ' ; ihe Investor ' . - ' j;' ' ": '. , '; ' Merchants ?Ptol lexns and-orsxat J Trade Conditions - d1 ;w mot, leave lhe,:;prioe around i0 adthwisave fhuslnesa, from alt the rjals and, tribulations ef -eftatton-T Economic herealACcie . bard.! or;, rather. .ey.seenrnev(er-t6i..i . - If retailers of dress goods and cloth hag ' could i- bnly? have for'et(ld the - weather- ?sdmeinontnr In- advance, a good part of 4hel losses this1 fall would haveeea converted1 into galn'No one : warned ' them - of : thfc ' wmsuany tnild winter that we Vere to have this year, and ,sso: they stiffered J the inevitable penalty;' of Buying, too much heavy weight stuff fehat . t"hey ,re'r voyi, ready to ; offer1 at almost arty 'price ; that will move - the eoods. One business man rclamts io have found a'key fbr solving tne'! weatjrer rriaaie for about; three months' in advance,; and Is -qfferipg it to his coftfters for whatever it ;may bv worth to them. The discovery 'is ' cred ited tb'Ii c; "Steward; 'the safes" man-i Tt, Idea, briefly itated. is this: .In- the teft-day , :or:-vo-e,ek'eiofdtlo''1n'g an. equfnox or solstice, the . prevailing Vf ateo f the ' weather ' indioafftshat is to fptlow '9u'n'-4Jne;jaexi ,th're' .mo-nths. The doubting:' 'Thomases!;. ire asked to study the records: and leam the truth fbr! themselves. ; Certainly this applies so far as the last autumn equinox and winter solstice are .oheerried, ,and; this is about- as far (back as" most of us enn gmember jThere; ii a diffteuliT hQWr ever," in applying this discovery to the retail business. ' When ; sultry weather prevails at the September equinox it is too late for the! 4ry goods or clothing dealer to trim his. orders, as his winter goods are then on display in his show "Windows. "What is heedfed M a fdredast elx months Ini advance; J ? t" r. h :. .. ;. ? ;:' . . 'r . -. Tke Sale JTax and Securities ', X An , argument, in bejalfv of-the sales tax as a meahs' of' irJahillzing thvr-st-" menlts In! securities . .nd. eliminating the year-end taic selling whlch has be come an important, feature .of the op erations on the stock exchange, is pre sented "by the bhslitiess men's tax com mittee 6 New j York, In a (reprint of ! bei Qf Babsoq's statistical organl ition. Jt Is argued that the sales tax, if ' tni'pbsed, sWoaild. apply to transac-i tioiis in stbeks d bonds as well as in comm.pditIes, and the point- ;!!, made that the fewer the exemptions to a.riy tax the: easier ft' is1 to' collect' aha ' the more' favbrabljr it is' reJeiVe. A tax of 1 per cent of ,the 'selling price wOuW limit greatly the speculative turnover ana lena IO .resiricf tiriucs u me ivitiv exchange. Vbr ' thpse whd purchkse- Se-' cilritles. for lvestment, however, th. tax may. be regarded (as a, substitute for the.' present payment surtaxes, and would be ' pai only when the1 security is sold instead of annually. The tax; therefore,-, wduld- furnish' an incentive Xb the investor to hold his securities until there was some reason xor a gen uine sale. " . (Copyright,, 1921.H by N. T. Evening PostInc,) i vHis Present Opportuniiied and Problems rate ofr $54,200 a mile. They sold at 98 in 1916. at 102 In 1918, and 106-1-2 iin 1911v.iThe coupon. londs .are of one'-de-'' nomination, $1,000. '..'' j -. ' , Tenaeseee .Ooal S Yield B.8 Per Ceat Another . moi'tgage bond secured by. United' States Steel "corporation prop erty and obtainable at a price to, yiejd 1-2 per cent higher than the" corpora-. tions5 per - cent' bonds, is the 5 per cent morf gage of the Tennessee Coal, ron, ..and Railroad.. company. At the :latest 'market price -of 88 1-2 the bonds, issued; under; this .mortgage 'give . a yield, 'of "5.8" per cent "to mturJty in 1951, "or a current return of.,, 6.6 per o.en. Steel cornoratlnn RtnlrlTur -fund $Mf due -in 1863i are selling, around 95, ior a yieia io maturity oit .3 per cent,4f or a current'; return pf .2 per, cent, The .Tennessee company is controlled by the Steel corporation through owner-, ship of almost the entire capital stock. Earnings of the-former are Included in the. parent company's statements. The $7,208,090-of 5 per cent bonds outstand ing ace secured by a general mortgage on all the company's properties, , which include six steel, plants. -The price at which-' this property is carried -is not a separate item ! lit the Steel corpbra tiori's balance fcheet, butv ah Idea of the value of It may' be gained from the fact that in, 1907the" corporation paid $3ft,407000 -ih 'its I sinking fuad 5 per cent bonds and $632,656' in cash for the stock 1 of- the' Tennessee company.-'-he Tennessee 5s are -in. $1,000 denomination.- They sold atr 103P1-8- in : 191' land lOtli-2 tn; 1S11. V j -'r ! 'V- . (Copyright, 1921, "N.' Y.-' Evening t. v - Post, Inc.) 'ifir i;, : : . I t-k!b-' -rW r, r 9T0F BATfNG OS" MBATL ON ' 1 a- v FRIDAY, APTD SALE OV MEAT I SALT- LAKE CITY; Fe"bi ' 6.Repfe sentative Jame Ivers, Jr.v today intro duced; in the Utah legislature :a meas ure td jpreveht jthe eating ; of meat, In public places 1 oh Friday ahd "also the selling of meat for possible' consump tton on 'Friday!? "ff '' "',; '- -' -' -;'.'",'- -: i ? WASHINQTON; - Feb. 6.-i-A vrot scare" in 4! Maryland.hea. 'Jiefereiided today' when a German !; wolf . ' hound, brought "Isack by a war Veteran :tnrnieL tip t-Ar-'fta'; home marked ,wwttti''f bucic Bho't. M Jt fhi .been; spreading ' jferrbf; among flocks,- and herds and t arme'til. who' spotted ana " fired at , the " animal believed they" had ' to' deal with a: wolf escaped , from , jth . Na,Jonal ' ZQ6 ' in Jf,, ' ALF5iiAJfft3 jBlLLVErrdBa, 4 HBLBNA . Mont. Feb: (On,- fthe grounds ,tne, hill -requiring t teachere nt Jtfqntana . schoola anid. colleges nte tale atf atx.'Of ailegiahce to the United StateVfwas ' um4onstititional apd would creiatea, fertile fjejd of t-plltical.iteresy htintlng," O-oVernor Dixon today yetoed xne measure. STRlAT.TimiBt-K KILLS 2S ' VIENNA, Feb., 'S.T-Twenyfive per eop's $jer? TtHptdi and viO airJbu jdy . In-39td!-j ta-wMn freight.,: trAln drnifhiefe . engines tcollldedr -with thaTrvjis-yJennit expres jlralnr ntr FeMxdfttf. t Th;; accident 4we to a. heavy-lallt f :wet- snow, whjlcb 'for 86 hour has' dislocated traffic. TIDE WAT ICR. TflWKU 'CflHAMT j Winter Park. Seagate. WrlghtHVUe, WrlshteylU Deack aad s . Iat.rm.aUte Point ' j - : .r 1 EHeetlve Tawrefay. Oeteeer 7. It2. ? - s H V?-- T :" Leave Wllmiatra '-. ' '' Vwr -: Wrtsktevme WOmlrngtea .Beach 6:50 T:S0. M. M. .T:Z0 A. M. I S:00 A. M. t:0 A. M. t 9-ao A. M. 10:00 Jt M.' 11:30 "A. M. 10 P. , M. . Srt)0 P. M. 1:0- P. St :00 ,p4-,U.., :0 P. ii. . f 4:00 . p. M. . 4:0 p. M. 1:00 p. :m. 6:30 P. j :10 P. M. :40 P. M.' 7:15 P. M. . fili P. ; U. :16 P. M. 10:16 P. . M. U:15 VM, t:S0 A. it J l:0 A. M. 10:00 A. M. 11:30 A. M. 1:05 0. M. 1:00 P. M. 2:30 P. M. 3:00 P. 3:30 t :00 4:30 ,S:00 i:30 :10 , :40 ' 7:15 8:15 :15 P. P. P. P. M. H, M. M. P. P. M. P. M. P.'M. P. M. P. M. . 11:16 P. '1L ' itOAlLk 'kiXVt&P't. 8UJHUA). FROM STATION TtaL 1. This car connects at Wrfghtsvillc on special reauest ti transpor-" tation office. Phone No. . 270L ,1 - ; 1Thl car will go through to beach on special request to transports--tioa offiee. : . ; : ..:. .- . :. Dally except Suhday. - '- .f Saturdays aod" Sundays only. Sundays only. : ' , Freight Seaeeale Dally Except Snaday. Leave NInthJ and Orange streets 3:00 P. M, t F.relghtJOepot.ppen, dally except Sundays fron 'l;00 to 3:00 P. M. STATE SECURITIES COMPANY STOCKS ' : ? BONDS : ' IPgTMENT SECURITIES TL L. HENLE i' ft. 903 Murchison Bank and COTTON? GRAIN! AND PROVISIONS ,c t ; q ? Latiittei Jr. Memfce Nw.vOrieaaev Cotton Bxclitre . Direct private ,ix to New Orleans, New York. Chicago ,, i , , and all principal points. , ! . ' Orders solicited for future delivery in Cotton, Qraln. Provisions, Cottonseed Oil,' Coffee and Sugar. . , , Securities bought and sold '.for cash, or carried on " " " ' 1 ;l conservative margin. Cerrespeadeat. H. sine B; Beer. 01 SOCTHBRN BCflLDIXO ' . , New Orleaa. La. FHONB 8 . '. '.' ' '' ' . :. 4- : .:. rs i . , . . .- ,-(. - "New Arrivals Washington Butter Beans Paris Sukotash 4 . Tomato Herring Kippered Herring' ; Ie)' Monte Beets; . Del Monte Pimentos ' . - Southport Shrimp 'The Best Is StiU the -:,J'-- :y Cheapest ' , : . The Grocers' Specialty Company n Market t. . .. Phone No, 6$ STAB DRT CLCAOTNa CO, 'li4":PrlaeeM t Dry cleaners and res vers UirreBea style. Paiaa Beaeli nna Kxl KLatJk neelflty;., ,Crben; ,'.-- Rlnbou MISSMcLAURIN PUBLIC STENOGRAPHER ' . NOTARY PUBLIC ' V .. - . BfoteL. WUatlngjton ,v Telephone 927 w.f Wlunroe ' AND COMPANY " ... r. 10 BVrent Bt. " Tets-r Money Wert Always ' "4Arr1val"and''lieparfnre of 3 Train f;;;M;jWlLMIHeTOJr...W.-'.. '.; -;':?'A SWeetiWFebrsary 1821 X--1 Afl rrntanDallyw 1ien Mot ' ' nepartlOtherrrlaJDelnated Arrive. 840 JLW..BJlelirh ft North. 1:20 A,M Sleeper to ; Raleighi open 10:00 Py. :Jt fi:8Q A.M.L .South West. . w 12:1ft. A.M. Sleeper to-CplUmbta o,pen i 10 :00 . P. M.i tm X!MC;:VTyttevine;-vi.8i00 :'P:M.! atOft1 PAlSi-i iNew Br i. .'.1250 :?iM. 3 i(i P-Mw.-s'.Sduth ft Wesf;'. .'1 :0flf P.M. - " - - ' farinr ' :m r i it uri nig f Sleepers.-to Col Augusta, Atlanta t:80 P,Lj t-s-ayetteviiiej-i. :A.m. $8i8$?.M. u. .uthporttl,i00J?I. 7;ftO"!.,P".M."."!Ifrfchvw'. .MS JLM. Sleepers to ,WAsWngton , and Norfolk tDaily;. except v.Sunday. Arrives 4 '"Daily1 to Raleigh.' but. does pot u nprth of Qoldsboro on Sundays. . ' 1 i t Tuesdays, Thursday and Saturdays! i ' SMmt IntoneatlenPnene! 10--' .- l:.:;SEBRD.AIItIJI j ..'., Btfectlye VovemBer8 I9?fr i Depart' '., Viv!l!fl ,V - " Arrive A-.ZQ i AM- , . : . Charlotte . . .. ,12:50 A.M, Sleeper to - Charlotte popish , 10 j P. Jfc s :00 AlJL. i Wil. to' Rutbioh! . fr:o V.M. f -ii-.-PaTier Car to Charlotte ' . - For InfomattlMt idJieaHyrC-.A l" 'VtoL' -' WWW . mm. Leave . i Wrlgetwvllle ITer --. , -v. WOmlagtoa :00 A. Ja. JS:35 Jt :Ui 17: 111 05 85 A. M. A. U. 1:13 tl0:15 10:45 12:15 1:41 A, . HV A. M. A.-M. P. M. P. M. P. M. P. M. - S4 P. M. BUS P. M. 3:46 4:ii: 1 -4:45 5:15 5:45 t'25 P. M. P. M. P. - M. P. M. P. M. P. M. p; M. P. M, P. M. P. M. P- P. M. P. M. ' 0:55 P. M. 7:25 P. 'M. 7:V5 P. M. 8:30 P. M. 0:30 P. M. 10:45 11:45 P. M. President . r . . - . . . . BniMing - - Tdephone 290 t tilt ii" as .1 '-ilt'l 4, i' ' I . .... " "What Do You Thinlc Ht Tklsf AN rV3R-aOHlVSOJ BICYCLES Vox Year Bey or Girl I QUEEN CITY CYCLE CO, i SO Market Street , .( '-,. '. .TKLEPppWB 863 Your Boy Wants A ' ;-s". Cash or Wkly r , Parents Wilmington Cycle Co. 215 Market Sinreet ; Phone 526 FOR SALE 200, sacks, , Portland! ce-. ' ment, per' sack ........ GO. sacks builders' Hme, S 1 .00 per bag, ., Two second-hand Elevators, about 1,600-pound capacity, for less than . one-third of their cost. ' - . , '-. ' -k ; . Plenty of Burt , Seed Oats and '1 - Seed Rye . D. L. GORE COMPANY Wilmington, N C. r :V COAL THAT IS ALL COAL trv us! Becker Coal and Builders' ' Supply Company . ,- .Telephone 3321-W '. Caatle,' Q,neen and Snrry Streets i W, L. DOUGLAS l.&n.L.Hurwitz o 605 Noi Fourth SL F W. L. DOUGLAS' ' Lea-ve Beeek WllinlKBTtsn BONDS I'M Ell j t: '
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 8, 1921, edition 1
11
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75