Newspapers / Wilmington Morning Star (Wilmington, … / Feb. 11, 1921, edition 1 / Page 11
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v. THE MORNING STAR, WILMINGTON, NVC., FRIDAY, FEBRUARY ll,192u i.LEVEN financial and. Co mmerciai n ews a TXT - . . . Illll ah i 1 1 i COTTON STOCKS YOBKr Feb- 10, Early declines GRAIN on CHICAGO, Feb. 10. Difficulties of NEW YORK. Feb, 10. -T.inHa : followed by rallies in the the stock exchange tndav wna no.oL,ofi- v,.- , pre ,ut today but they were not extremely slusre-ish , i, ,.J , tttcn ,t,inpd and the close barely small dealings k?: -May f to 14.10 I ' ir".slsn ?na irregular, the a &oo deal to do today with bringing: decline of 7 to 20 denoting: to an unusual ,. -kZ ry . auyance . in prices, J-ne contracts advanced from sense of initiative from any resppnsl- market closed strong at 3. to 5c net and closed at 13.94, com- Me quarter. f higher. Corn gained three-fourths to " i iviin r nn ious day UM the c.05,n? Price c. a 8ts one.hal( to tlYisba,. aispaying visible improvement as a a& iiirke t opened easy at a .decline outcome in provisions was un- . j . i i ei ltn i . . i noints net lower owing iu X'" t l market nuge stores oi 4 - i-i .,V.1ak nnt nnpd I COPPer abroad UivrrpoiM "".--"-r" "XI ft th. VfV.. v.. . f KriLl?ll 1 ' .. v v. : I . , . ' ncio DUU" t ' .,- that cotton was cumin uere j ir" " leuewea pressure louowlng lf? " ;, Orleans ior ueuvery on .vuin;eineni tnat tne lroV' tracts. ' lbor - bord had rejected th sr. -as considerable selling as l ine rairroads -Tor Immediate it,r .nne liauidation on tne u.'"sauon or tne war tima .,11 as M""1' 04. v I aCTPcmunt mrb' v. i nid here. The rNewl' t another adverse ftVAior.Tnt if'1,, selline of July was 'said to be was the publication of the United May .. flp pans Seini'b T iirarnnnl tn nnrln States StftAl trninio-. T ji I -'-V 'lintri.lles. however, and the pres- closing an additional decrease in un- May .. . & -that sort subsided af ter the ?Ha orders f 676,000 tons. Especial Ribs . or Vutt ,,,, m!ri,f tvii off I Interest attnchnii v.ic u f!ose. J-i market more sensitive to j view of Chairman Gary's a.ttitude re t!)e locai nrices recovered all I specting prices and wapes; ouun speculative interest as existed - Wheat Open High Low Close March .. 1.62 1.68 12 1.67 May . . 1.51 & 1.56 1.51 1.55 Corn y May . . .66 i .68 -66 .67 July . . .68 .68 .68 .69 Oats May . . .43 .44 .43 ,.4414 July . . .44 .45 44 .44 Pork May .. . ,, .. 21.00 20.87 21.00 " Lard May .. .. I. ...' 12.25 12.17 12.25 Ribs May .. . .. .. 11.30 11.17 11.27 usiness today MerchanVs Prob lems and Current Trade Conditions lu;',hrPe or four points of their early vnt three ui 1 Wall BtrA 9.nr1 losses nn a renewal ui vu nwoci anui "ii'iiij; m me una, Bieeis, 1;1 to i3.r .- T?nnrts O Mamh selline: ud from 1 shippings and several of th food sne and July irom 14.I8 1 t10.tt.1e9. . rice movements frequently f an increased spot! toniiictea, Dut consistent strength was n hltted tha after-1 shown hv Ca.UfnrnVo t .lain f W Vl - I v v a.c4, J- . J- V1CU111 VT 11 M.L rkllv but there also were reports rose steaany, making a net gain of 3 snot offerings in tne soutnwest points, anort covering was i 1 . ' ' . . lnnl BAllimn. In I fill n v. n 1 1 n A 11. . ja nrpn some iwtai ociims m " - tang ai ioe iirm c ose , portions of 15 or 16 points from rometer of actual money conditions. nesi lgs in the southwest points. Short covering was also help- Vi'i nromoreti sumc ic.i omib m K'utp trading. Closing prices show- lnmnrn were Circulated C&H lO&ns hold in cr nn the atnor at. i tbe rt mill viaips of cotton were to 'be MianA at 7 nar -rvu t- Sioped here from New Orleans for de., lngs were made privately at 6 per ry on . linautai"-"' WILMINGTON MARKETS - WILMINGTON MARKETS SPIRITS OF TURPENTINE N. D. ROSIN N. D. TAR N. D. VIRGIN N. D. YELLOW DIP N. D. HARD N. D. COTTON WILMINGTON SPOT 13.00. i i i t onoTTorino' ivi a Tr n t.ui.v i . in l HII'll U L t ovu.n.vi 1 VCUL. Dill IM1I OYI'.nnP'P WHQ TI 1m nveT nc flhsnrhftd at a discount "PrAnoH Rci o-io.n qa -ti, cf abou -42 points under May. It is strong and the Swiss and Scandina- PRODUCB MARKJET CORN ?1.15 to' $1.50. BEEF 10c tp 15.. VEAL 15c to 16c. BACON (U. C.) Earns 40c; sides rted that" Mississippi cotton grow- vian quotations were appreciably bet- and shoulders," 30c to 33c. .rc TnrOUfe" vi ' " I -'ciiAAn. j. uiiKiaiiu DC1V1 j lJ" Save shipped a first installment t)i port showed a marked strengthening imirt lia es on a c-uniwu ti ociiu uv,- oi naDuiiy reserves. iiomMipir tn rA n isnosnn I All in.. i, j i a - j j . Dfties ii'- iiiiuui - i -viaooca ui uuuu9 leuueu uuwn .j nn tne ion . . i "ii iiuiiima.1 ueauiies, me con. i3. os io.oo to.Di mnaing 4s wnicn fell 2 points. n.iu xo.ou ao." xotai saies, par value, were 59,450,000. It.i I 11. ID it. a; 14.54 14.6S 14.16 NEW YORK STOCK LIST March May July October EW ORI-EANS COTTON vfw ORLEANS. Feb. 10. A lower Am. Beet Sugar,.. . .b ru ert in rniion Li aur! luuu v. iu i Sne power of consequence appear! Am. Car and Fdry. b ouju's t vv. prsdinir whiii Am. Hide and Lea. nM In? at any piag . . & , t-.. "Sinf was stimulated dv poor caDies "1- " "'y- nl an unfavorable estimate of Janu- Am. Locomol ,nnS1imntlon in this country by a Am. Linseed thA dpr!1n continued, with Am. Sugar tn it amount. Am. Sumatra Tob several mi"-' "- Tl 7 tn noinis. Mareu ictiiiiiK lu .m. ii. o.u iti. riosine prices were at net Am. Woolen Smelt, and Ref. ed to 13.13. 1 points with March at Anaconda Copper.. AIVI115UII i nf 1 tn 7 f the Liverpool Atlantic Coast Line, .b market before the opening here was j au.. iuir ana vv. i.. ... wn in nrivate messatres by ca- Baldwin Locomotive Wp to unfavorable conditions in the Manchester market. At first the disjr position was to look favorably on a private estimate of 317,000 bales as the January consumption m uub vuun- .... urtoi.c-. if nmnn Pflfl -ixrlrn vs 1111(1 tales in December, but the view soon Chicago, Mil and St.P eained ground that tne increase was i il- lint large enough to be in proportion Jnino copper ness durinfr that month and moreover I01- r-uei ana xruii...u It was pointed out that the conaump- ra rrooucis Baltimore and Ohio Bethlehem Steel "B" Canadian Pacific Central Leather . . Chandler Motors . . Chesapeake and Ohio High Low Close 44 30. 122 44 45 83 56 43 91 79 100 67 39 82 84 89 34 56 116 40 70 59 28 27 23 Crucible. Steel The strongest upturn came ff Lane &u8ar tlon in January of last year was 592, 000 bales. prices rose to within one to seven Genera -Electric -..- i.nt AHn r'n n i nan nn annTsi i v v i aa.wvui . ..... Kl V i mil a WAva VllCai iviviini J experiencing: an improved demand for rf.?-? " their Droduets. low. Close 13.13 13.22 30 '44 45 83 58 44 92 .80 100 68 40 82 63 89 34 57 117 40 71 60 28 27 23 22 70 95 23 13 128 14 76 29 44 44 83 56 43 90 79 99 67 38 82 61 88 84 56 116 39 70 59 28 26 23 21 Futur'esi J'arch . . . .k -.May July October . . High. 13.36 13.67 13.94 14.27 13.42 13.68 14.10 13.51 13.78 14.13 DAILY COTTON TABLE Illinois Central InsDiration Copper Int. Mer. Marine pfd Int. Nickel Int. Paper Kennecott copper L. and N. Mexican reiruieum Miami -Conner Rtatpfl Oil Port Movement MMirou stoel New Orleans Middling, 13.00; re- viMA11-i Ta.iriM. . . . .. . . o ndt . . O cftA. C 1 i.i.iDcv . . stock, 439,497. N -y-. N jj. and H. Galveston Middling, 13.25; receipts, Norfolk and Western 3.45S: exports, 9,599; sales, 580; stock, Northern Pacific .. 250,352. Ok. Prod, and Ref. Mobile Middline. 13.00: receipts. Pan-Am. Petrbleum 6: stock. 23.fifii. Pennsylvania Savrnh uiiMn. ii aa. ,-Ainr IPlttsburBT ana vv. va 1,096: salps. 328: ntnek. 149. 25B. Pure Oil Charleston Ti1HnD- 1 i ftrt ircJ nt Kay. LOn. copper 3 i f i stni oi- R-i I Readinff i . j v. i . , i t , y tj a . . , ing I4.u; receipts T- nd atl Pnvftl Dutch N. T. St T . an d San Fran. Son hoard Air Line . .b Seaboard Air Line pfd Shell Trans, and iraa Sinclair Oil and Ref.. . a -r steel and Iron b PhiladelDhia Middling. 14.10: stock. Southern Pacific 4.S35. . snnthem Railway Xew YnrtLMMUlnr 1 9 z efnlr IRoiithern Railway pfd ... 7" . '-.ii .lIUUllll&i IViUUi fc J t W , I . f . llmine-tnnMlflfll Texas City Stock, 4,043. Norfolk Vf i1 r1 1 i no- 13 nn rpfcfntu sales, Zzl; stock. 77,679. Baltimore Stock, 3,238. Boston Middling. 14. OS; receints. 71; HULK, il,UU 88 37 52 15 57 20 159 18 13 31 18 21 99 84 3 75 40 35 14 83 DO Y4 59 21 ii 41 25 Minor norts Reoeintn. 9.RR1 : ex-nortu mm; stock, 2,295. Jotal torlav Roi-ointo 94 01?. .Tnnrtg .:... J - - - -'Ji; stock. 1.443.870. Total for week Receints. 96.022: ex vwis, 70,216. iotal for season Reeelnta. 42.321: "ports, 3,741,225. Stan. Oil of w. J pia Studebaker Co. ex div Tenn. Copper Texas Co Texas and Pacific . . Tobacco Products . . . Transcontinental Oil Union Pacific . . . TTtol Tfrult TT S. Food Products S Ind. Alconoi . S. Retail Stores S. Rubber . . . S. Steel .. S. Steel pfd ... U, U. u, u, u Houston Middling, 12.80; receipts, shipments. 14.181: sales. 3.455: StOck. S57 559 Memphis-Middling. 14.00; receipts, vlnadiumPCorp tock' f V P,TrtS' 8'441: SalCS' 1,35; vt c2"-ChSn. . 4?i.l. WAtern Union .A lltnictr, It' 1 .1 I 4 M A n . ' t Al 1 . . . Tl n 1 ?f!7- ,? 1 lul,"nB. JLH-uu; receipts, i westingnouse n'tu 9.250. St. Louis Middling, 14.00; rece ui e.xPrtf5. 6.450; stock, 28,098. Atlanta Middling, 1,290. nock Middllne. 13.75: re- K.'I).ts. .'53; shipments. 129: sales. 286: nVulMJ- .' .... U. S. 2s, registered Montgomery Middling, 1.250; . sales, u. S. 4s, registered ii w a a i'imi nun Total today Receipts, 23,767;' ship- Panama 3s, registered lB, jy.szs; stock, 991,642 sales, 816; stok, J Willys-Overland Gen. Aspnait ipts, Invincible un 69 93 23 18 128 14 75- CAKE TALLOW 5 c, BEESWAX 25c. HIDES 3c. WOOL No market. HENS $1 to $1.25. LARGE FALL CHICKS 75c to 80c. SMALL SPRING CHICKS 35c to 50c, dull. ' EGGS Steady, 50c to 60c BUTTER 35C. POTATOES $4.00 bag. SWEET POTATOES $1 to $1.25. CABBAGE $2.00 to $3.00 cwt. APPLES $6.00 to $7.60 bbl. Copper Debenture The copper - industry, after - months of depression, seems to be facing new developments that will bring substan tial improvement. Ever since th war exceesive stocks have acted as a drag on the market, and experts In this field, report that if all production should cease there would still be enough on hand to take care of the country's domestic needs and export requirements for more than half a year, on the basis of per-war aver ages. The consumption, however, is at present below the pre-war aver age. Nevertheless, there are signs Of improvement. Production is curtailed. and exports are increasing. Plans are maturing also for the organiza tion of a banking syndicate in co operation with the Copper Export association to relieve the producers of the financial burdeh of carrying the surplus copper. The total stocks are estimated by the biological sur vey at 874,000,000 pound. This ar rangement involves the issue of a (Irge amount of debentures, which will be offered to Investors at an at tractive rate of interest and which will be gradually retired as foreign concerns buy the copper and pay for it. The debentures are -expected to be retired serialy as the copper is mar keted. The removal of the blsr surnkis from the shoulders of the producers is expected to give a firmer tone to the market, with som improvement in price, which has been below production costs. WILMINGTON PEANFT MARKET (Reported by J. S. Funchess St Oo.) White Spanish, farmers' stock, new crop, primes, per bushel, 30 paunds, $1.10. North Carolina, tarmeru' stock, new crop, primes, per bushel, 28 pounds, 90c. Virginia Runners, farmers stock. new crop, primes, per bushel, 22 pounds, 880. Virc-inln .Tiimhrm fimwra' StOCk. new crop, primes, per bushel. 22 pounds. $1.00. PETERSBURG PEANUT -IARKET (Reported 88 nF 1 soy 52 15 57 19, 157 18 13 30 18 20 99 83 3 75 40 29 35 14 82 '65 58 -iy ii 40 23 79 22 57 109 ' 55 8 43 24 53 9 120 108 23 55 68 69 82 110 57 38 85 44 7 67 24 78 '22 57 108 65 8 -42 23 53 & 119 107 23 55 68 69 82 110 66 37 '5 44 7 65 23 27 70 93 22 13 128 14 75 35 36 52 15 57 19 99 158 18 13 81 18 71 20 99 83 3 75 '40 29 35 14 82 32 66 58 21 6 11 41 2S 50 79 22 57 108 55 8 43 23 53 9 120 107 23 55 68 6 82 116 56 36 37 85 44 7 66 24 by Rodger ft, Plnmver and Comfeaiir, Inc.) SPANISH (Farmer's Stock) market auiet, 97 c per bushel. VIRGINIAS (Farmer's Stock) market quiet. ' Fancy Jumbo 6c per lb.; extra prime 4c per lb.; prime 4c oer lb shelling stock 3c to 4c per lb. DAILY COTTON TABLE Total sales, 403,000. (Furnished by II. G. Latimer, Jr., 401 Southern Bids.) NEW ORLEANS. Feb. 10. Liver pool's failure to respond to the recent advancing tendency of American mar. kets, cables coming easier than due, influenced values to a lower level. Uncertainty as to future develop ments in connection with the heavy reparations demanded of Germany, and the unfavorable financial and political situation in Turkey and India, is hav ing a -depressing effect on Manchester and British trade in general. However, there is the possibility of ueveiopemenis in Europe una Asia 1m nrovinsr as a result of the efforts being made abroad to improve the general foreign situation. In America the gen eral trade and industrial situation as well as financial conditions are grad ually improving, and there is the feel ing of confidence as to eventualities especially if the foreign news im- nroves. That the worst has probably been witnessed, particularly In the textile industry in the United States is noted by returns to the National timners as sociation pointing to -a larger con sumption of lint cotton during Janu ary bv American mills than was con sumed during- December, 317.000 bales ae-ainst 295.000. which, however, com pares unfavorably ' with 591,000 for January of last year. There was a better demand for spots here-today, and some large lists having been disposed of, with more business pending, indicating more in auirv on the part of spinners. . Interest in the market on the part of the mills will likely increase as consumption exapnds, as spinners hold small supplies of raw material, and are awake to the probability of the acreage being reduced materially in the sttrlnlr. It is generally conceded that the rnllnflf value of raw cotton is far below thu cost of Droduction. making it un profitable to -plant, except on a much smaller acreage, in order to assure a small croD for next season, which will ho the onlv means of removing the Tirooint lare-e sumlus in the south. 'In anticipation of the success of the proposed plan to plant for a much smaller crop this year, southern spot (holders remain -confident of being able to dispose of their cotton to Detter ad vantage", ultimately, and are not at all uneasy as to the future. H. AND B. BEER. The Coal Trade Depressed In the coal trad"e during recent monthB things have been better on the whole for the consumer than for the producer. The mild weather has re duced the householder's coal bill, 'and the curtailment of factory operations and the abundance of ears have elimi nated the danger of a famine so .far as bituminous coal is concerned. The anthractie situation has not shown the same improvement from the con sumer's viewpoint, though there was noticeable increase in the . output at the mines toward the end of January. Nevertheless, the production since April 1, 1920, is about a million and three-quarter tons less than for the corresponding period Qf 1919-1920. In the bituminous fields the outlook from the producers' viewpoint Is very gloomy. According to Charles Owens, president of the Tidewater Coal Ex change, the price Is now a dollar a ton below the cost of production. The output in January, he says, was three times as great as the requirements for manufacturing, but the coal had to be moved regardless of whether the price was profitable or not. As a result of this condition., the output of soft coal has been steadily declining, and for the last week in January showed a drop of 7.3 per cent from that of the. pre ceding week. The export market is also inactive. A few months ago American coal ex porters enjoyed a sellers' market, but they now find themselves in a buyers' market. About the only European market still taking American coal is Italy, and the. .freight rate of $5.75 a ton is tft$rilpw,f.tol,,make (his business NEW YORK BONDS , .b ,.b 99 99 .b 103 b 103 b 79 NKW YORK COTTON ti n n 9a rnnTJOn Am Smelting and ReflninST 5 American Tel. and Tel. cv. 6s. Atchison gen. 4s. .. .. Atlantio oCast Line 1st 4s ..... Baltimore and Ohio cv. 4s... Bethlehem Steel ref. 5s YORK. Feh 10 TnAa-v'n nt ZJS'l JLt. jLthi Seaieof GZ Consolidated 5s. Si.Ui . - ' . o av VVU. liltl W CULA.110BO I 1 T .flOT Pi D a wn developed in Liverpool and in-' '"."-.X- nfl Ohio cv. 5s rnrPfl our market dnwnwJird waa 5;i'r Guincv Kti-,.i.j, "cuiiiK tnere aeamsv Vu phlnacpn Mil. ana 01. - :: "',lPB hr. A ertat rlf.nl nf th .7:' tj t onrl Pae. ref. 4s ' th .)..!... 1 1 ...c -, 6s '-i rne starrlers has been tak - I . ... 'r ' n nr.. - . . r. . . . m . . i ui t.v ui j. - . . m aii ow thZ vL8?., ume a"a u I.I..e,1i Colorado and Boutnern rei. w- in.l . . . WCORI1KHH tlieTB BUUU1U r a r A KIO Ulttliuo " Dominion oi tanau Erie gen. 4s . . . f ; nntv, Vu" c.rzi'"-? i.rr iinnois vent. a..,.--. -r nVo !i"s further developments. We Varri next major move to be up- that th abnt u1Wation of this character has lmn?. rim ' ,ts course. There are no imp, "Pon. """I fresh fetnrg tn reftnrt ORVIS BROS. AND CO. JACKSONVILLE NAVAL STORES pentiKS0N'VILLE- Feb. 10 Tur- S'Pts. 861. Rosin 2R8; shipments. 136: stock. 26.- unchanged; sales nene; re- c Dt 95 V,"cu none, " 762 ; Bh!PBients, 124; stock, 179, D. E. F. G. H. I. IC."M. N. 11.80. SUGAR AND COFFEE ' .; PrmT" -IU" Feb. 10. Raw su k- firflned in aotivo damand at i raf .$5 a. r Ufa viTl A KA I nr. ui ox haw w Kansas City Southern ref. 5s Liggett ana K . f if:fiir rk.shvills un. 4s b Ksourt Kan. and Tex. 1st 4s.: TA.rt ' pen. 4s .... ... 1UIDCV Ul ' . N-Y Central deb. bs ... Norfolk and ' Western cv Northern PacIf,c48R' ' ' S.ep?:,i- nd San. Fran. adj. 6s SeabTaVd .Air-14a. .- Southern gelt Tel. 5s . . . c.v.n TaaifiO . CV. OS ScxhTrn Billway 5 s .. . .... Sourhern Rjiw7 n' ,4s . . Texas and pacific 1st U, ft.. OI -, 85 V. P. Steel 6s tL Virginia-Car. Chemical 6s . . , . JH Wabash 1st .. Wilson and Co cv. 6 ' 79 77 95 77 78 69 83 86' 90 82 97 .69 68 96 73 63 88 41 76- 80 74 83 81 58 64 89 103 77 88 82 6 "I R1 Ii. .b ,81 88 - CHICAGO LIVESTOCK rmrAGO. Feb. 10. Cattle: Better o-vfeviaa of beef steers and She stock fully steady. Others weak; top steers $1 hulk coks and heifers 6.00 m) 6.25 canners and cutters, weak to lower hniw 2.75(3; 3.75: bulls, slow and steady Hulk 4. 75O5.50: calves, steady to etrnnir: bulk ton packers 10.50 11. 50 t n.nr arc an d feeders, steady. Hogs: Opened steaay,-neavies on most; closing strong and steady with the week's average. Top 9.86; bulk 200 pounds and down 9.259.75; bulk 99i noimds and UP 8.669.10; pigs steadv to strong; bulk desirable 90 to l?n tnitnHsi 9.25 09.75. . . j, i j -1 i-j. S'heep: J?at sneep anu nauujweiBin fat lambs steady; heavy lambs closing 25c loWer: lamb top . 9.75; bulk 8.25 o Rft. . ton yearlings 7.25; bulk 5.76 6!50; ho choice' handy weight ewes here bulk 3.7&(g) 4.o . : DRY GOODS MARKET NEW YORK, Feb. lO.-Cotton goods flnlahea. toaay were a nine iuwo ttc, tlv among- converters. Gray good were quiet, yarns easy and dress goods In moderate request for early 3nwW. About 2.000 pieces of men's wear serges were sold at auction : at prloes ranging . irom i w x.u yard. . Raw silk was quiet. ' " H : , - COTTON SEED OIL KTTrw YORK". Feb. 10. After selling off IS to 14 , points in response to the nntvr nfhowlnff in cotton and lard, cot- 69 tonseed oil steadied on f room covering 81 and local - buying on tbe strength in gains. Closing bids were- unchanged to thre points net lower for active months Sales 12,800 barrels. , Prime crude 580, sales; prime summer yellow soot .7.00; March 7.70; , aiay i juiy profitable fdr American ships. It would seem, then, that the lot of the coal mine operator is not so nappy as some of his critics would have us believe. Bond Bonfire Again - Dean Johnson of New York Uni versity, who was widely quoted some days ago . as having advocated the burning of Liberty bonds, protests that he has been misquoted, and wc gladly take this occasion to st the record straight, as the remarks attributed to j mm were rererrea to in tnis column. What ths dean did say about burning bonds was a quotation from an address delivered by him two years ago. At that time the bonds were being used by -many of their holders for the pur chase Of luxuries, and the dean de clared that, rather than have the se curities used for such a purpose he would' "perf er to see them all burned in a big bonfire on the next Fourth of July." Many others at that time felt ths same way, as the bonds were then being used, by spendthrifts to work great mischief with commodity price levels. Dean Johnson now advises his friends to keep what bonds they have and to buy fribre. 'N SUBURBAN SCHEDULE Tmn WATER POWE COMPAir.. - Wtats Park. Seagate. WrightavlUe, Wrightsville Bench and - Intermediate Points T r. .- : , . Effective Thursday. Oetofco 9", XK2. Lonvo I' Leave . ' Lve 1 Wllnttngton WOmingtoa Beach Wrlffhtavllla I ; JT Fo Fr For , I C' : - Wrighf yllle Beneh - Wilmington Tmnalngton I ? 7:20 t:0O 8:80 t 9:30 10:00 11:30 1:06 2:00 2:30 :00 3:30 A. A. A. A. M. M. . M. M. P. M. P. M. P. M. P. 1L P. M. t 4:00 P.M. 4:30 Pi M. 6:00 P. M. 6:30 P. M. C:10 P. M. r S:40 P. M. P. M. ' 3:15 P. M. :15 P. M.- 10:15 P. M. 11:15 P. M. t:50 T:20 M. M. A. A. A. A. M. M. it M. 8:50 t 9:30 20:00 11:30 1:05 P. t:00 P. 3:30 P. M. 8:00 P. M. . 8:30 P. M. f 4:00 P. M. 4:30 P. M. 8:00 P. M. 8:30 P. M. 6:10 P. , M. 6:40 P. M. 7:1$ P. 8:15 P. 9:15 P. M. M. M. 111:15 P.'M. 6:00 A. M. , t:$6 A.'1C M. .t:$6 A T:05 A. 7:36 A. 13:15 1:45 2:46 8U5 9:18 A. M. . J10-.15 A. M. 10:45 A. M.- p. M.; P. M. Km. P. M. 8:46 P. M. 4 16 P. M. t 4:45 P. -M. 6:16 P. M. 5:45 P. M,' '.25 . P. M. 6:65 P. M. 76 P.i M. 7:86 P. Id. 8:80 P la. :80 P. M. :10 A. M. 1 8:50 A. M. I 7:80 A. M. 7:50 A. M. 8:30 A. hl :i5 A. M. 110:85 A. M. 10:65 A. Mp ' 12:25 P. M. 1:66 P. M. . 2:66 P. M. 8:2C P. M. 8:56 P. M. 4:26 P. M. ' t :5 P. M-,- 6:35 P. 6:65 P. M. 6:35 P. M. . 7:6 P. M. 7:35 P, M. 8:0S P. M. . S:45 "P. .M. 8:45 P; M. v 10:46 P. M. 11:45 P. M. liAJU.x fciXCUPT StiNUAV. l-KOSi STATION He, 1. This car connects at Wrightsville on special request to transpor tation office. Phone No. 2701. ,jThis oar will go through to beach on special request to transporta tion office, . . .. - - Daily except Sunday. f Saturdays and Sundays only. - (Sundays only. Freight Schedule Dally Except Sunday. Lea Ninth and Orantre streets 3:00 P. M Freight Depot open dally except Sundays fron. 1:00 to 8:00 P. M. '-. Wool Import The agitation for a protective duty On raw wool is stimulating the im ports of raw wool into this country. The auction sales In Australia have been resumed, and there are reports of heavy purchases by American inter ests for prompt shipment. The buy ers for American account are stipu lating prompt shipment In order to bring the wool Into this country free of duty. In Australia It is reported that the dates of Some auction sales may be advanced eo as to make pos sible the shipments of wool on certain steamers that elear for the United States. at the end of the present week. The same attitude of haste is being manifested at the River Plate,, but a strike of laborers In the central mark ets and among the dock workers at B.eunos Aires may occasion delay and financial loss to the buyers if the labor troubles should be prolonged. The news from Washington that the emergency tariff bill has very little chanCe of enactment ' has been reas suring to the Importers, but there is a' belief that a duty may be imposed on wool at the, extra session,, and buy ing in advance is therefore still re garded as good business. For a simi lar season the prospect of .higher prices for wool following a new tariff law seems to have increased interest in the auction sales of surplus wool belonging to the war department, and the postponement of last week's auc tion in Boston aroused considerable resentment among prospective buyers. Secretary Baker announced that the sale bad 'been postponed afer a con ference oetween representatives oi tne departments of Agriculture, commerce, and war,' who decided that the market was hot in a position at, that time to absorb additional material. The war department has about 59,000,000r pounds of lQW-grade. wool, which it plans to dispose of In monthly auction J sales, 6ffertag 4,000,000 pounds at a time. (Copyright, 1921, by N. Y. Evening Post, inc.) STATE SECURITIES COMPANY INVESTMENT BANKERS STOCKS BONDS INVESTMENT SECURITIES R. L. HENLEY, President 903 Murchison Bank Building Telephone 290 I 00 im'-i nvestor His Present Opportunities and Problems STOCKS and BONDS COTTON, GRAIN AND PROVISIONS H. G. Latimer, Jr. . Member NeW Orlenno Cotton Exchange - Elrect private wires to New Orleans, New York, Chicago , and all principal points. . Orders solicited for future delivery in Cotton. Grain. Provisions. Cottonseed Ortr Coffee and Sugar. , , Securities bought and sold for cash, or carried on conservative margin. - Correspondent,- tt. nnd B. .Beef, 401 SOUTHERN' BTJILDLTVO New Orleans. La. PHONE S39 Readjustment of Investments One of the first predictions made by authorities on railroad affairs when the transportation act was framed was that the rule of rate-making would eventually cause a readjustment of relative Investment positions. It was figured out that in some cases small er systems would be- the first to divide their surplus earnings with the gov ernment as evidence of adequate rates, and that some systems which have enjoyed excellent credit standings for years would bo slow in getting back to firm earning positions. The test has been carried far enough to indicate that both phrases of these predictions are likely to come true. . mortgage 3s due in 1953. A cur rent return of 5.6 per cent or a yield of 6.1 to maturity may be had from the Western lines 4s at the p'feSeht quotation Of 71. .. The $5,425,000 bonds outstanding are secured . by a fist mortgage on 217.9 miles, representing an average rate of $24,895 per mile. This bond gold as high as 94 In 1913, as ilgh as 91 in ,1916, and Its price ranged between 75 and 100 during the ten years ending 1919. Will Second-Grade Bond Advance? Without raising the question as to whether present conditions will pre. vail long enough to impair the in vestment positions of gilt-edged "bonds not covered for the time being by a sufficient margin of earnings," it is possible to see how some other bonds not rated heretofore as gilt-edged may advance. Take, for example, the bond of a road . which, in normal times earned only a small margin over debt interest requirements. Several such roads earned a full year's Interest In the last four months of 1920. If In vestors are satisfied that a wide mar gin of safety is assured under the present rates; there will be a gradual diversion of buying into that class of securities. ' It may be, new capital or old capital released from higher priced and lower yielding rail bonds. In the latter case it might follow that gilt-edged issues would Suffer by com petition not because the investment position of the gilt-edged was lowered, but because a greater number of bond were brought up close to the first class. Nothing, like this has yet jlap pened on a large scale, probably- be cause four months is not a sufficiently long test period. Railway executives are seeking relief from the labor bur den. Any success they attain will bolster the. position of the smaller roads 5n about the' same ratio as the bigger, systems are benefited. Dllnol Central Earnings The Illinois Central railroad Is one of the larger systems which began to show improvements in earnings even before the new rate schedules went into effect on September 1, 1920. Dur ing the last four months of 1920 tha road's net earnings after rents aggrej gated 86,335,219 against $529,691 for the same period of 1919. Net earnings after rents : during the first '- eight months of 1920 under th Old rats schedules wer6 $600,822 against $3, 661,834 in 1919. This latter discrep ancy is explained largely by the pay ment last August of the retroactive wage increase, making a net deficit or $4,643,849 for that . month. Illlnoisl Central earned its bonded interest, 1.02 times In 1919, and from 1.69 to .1 times during 1911-18. ; Illinois Central Western 4s" Two Illinois Central bonds with con servative, yields are the Western line first morigage 4s, due in 1951, and the Louisville Division and Terminal first . Louisville Division S9 ( Illinois Central's Louisville Division and Terminal first mortgage 3s give a current return of 5.2 per cent, or a yield of 5.65 to maturity in 1953 at the present quotation of 68. The $23, 732,000 outstanding are secured by a first lien on 580.6 miles, representing an average rate of $40,871 per mile. This division provides Illinois Cen tral's only entrance into Louisville and also enters Memphis. The bonds have em joyed a wide market in .the past and have ruled on a low yield ba sis. They have sold as high as 88" In 1913, 82 in 1916, "and 69 a year ago. (Copyright 1921, by New York Evening Post, Inc.) New Arrivals Washington Butter Beans Paris Succotash Tomato Herring -Kippered Herring Del .Monte, Beits , Del Monte Pimentos r Southport r Shrimp; - - TP "The Best Is: Still the ; The Grocers' Specialty Company 17 Market St. Phone No. 65 What Do Yon Think Of This? AX IVKIMOHNSON BICYCLES . For Your Boy or GirlJ QUEEN CITY CYCLE CO, 309 Market Street TELEPHONE 802 LIBERTY BONDS NEW YORK, Feb. KT. .Liberty bonds clOstd: 3s, 91.50; first 4s, 86.90; sec ond 4s, 86.40; first 4s, . 87.00; second 4s, 86.44; third 4s, 89.00; fourth 4S 86.70; victory 4 s, 97.16. METRO OPPONENT OF WILKTINGTON'S WRESTLER ' - , Charles Metro, of New Hampshire, a wrestler of considerable repute in eastern sporting circles, will, be the next opponent of Frits Hanson. here in his OWn 8tampting grounds.' Metro, a Greek, is of the well known Kilonls type a wrestler who starts 'with a rash and continues af the same pace throughout his bouts. He meets Han son, in this city Thursday nighty Feb ruary 17, in a finish match. To show the caliber ' of the eastern Greek, he met Joe Turner at Charlotte las fiiifht and before, the match bets were even. Joe," although growling older. Is still a wrestler to be feared by airmen of his class, and the fact that he was booked with . the Greek shows John Elliott, Charlotte trap pier promoter, (believed Metro .-had -Class. . ' ' - Alaska produced minerals value of $22,070,000 in 1920. to the The 1919-1920 apple crop In Australia was tbe greatest orchard! sts there have ever seen. - The United States boasts of 500,000 college' students. : Continue, to Bell new ; Investment shares; Series now open. Get, the shares. , We .ittay the taxes. Asset more than: half million dollars. vCa.ro Una Building & Ioan Association. I J W.AMoore. secretary,' 206 Princess. 1 : ....... .,.--- -.-r-u1 STAR DRT CLEANING CO, 1X4 Prtneeoe Bt. Dry elenner n4 Vsere VTtaefe trie. Punt Beach and Kool Klota perlaltjr. PHONE 449 Carbons Ribbons MISS McLAURIN PUBLIC STENOGRAPHER NOTARY PUBLIC Hotel Wilmington Telephone 027 W. Munroe IB S. Front St. Yoor Moneyhi Worth Always Arrival nnd Departure of Train WILMINGTON, N. C, ATLANTIC COAST LINE Effective February ft, 1021 . All Train Daily When Not Dent. Otherwise Dewisrnated Arrive. 3:40 A-Ml-Raleiffh St North . 1 :20 A.M. Sleeper to Raleigh open 10:00 P ' M. 6:30 A.M... .South A West. . .12:10 A.M. Sioeper ta Columbia open'-10:00 P. M. 7 :4S A.M. , . r. . . . .Nortif . . . . 6:05 P.M. Parlor Car to Norfolk 8 :30 AfM.. . . .Fayetteville 8:00 P.M. 8:00 P.M. ..... New ' Bern. .... 150 P.M. 3 130 PjM... South A West... 1:00 P.M. Sleepers to CoU'AUffusta, Atlanta . tl:80 P.M. '.yayettville V.til:05 A.M. ?8:30 P.M.. . ...Southport. ... .1:00 P.M. 7t00 - P.M.. . . . . . .North. . .... .9:45 A.M. Sleepers to-- Washington and Norfolk JDallyi except Sunday. j Arrives 9:45 a. m. Saturdays. Dally to Raleigh, but. does net run north of GOidsboro on Sundays. .- tTuesdays, Thursdays and Saturdays. For Information Phone 190 SEABOARD AIR LINE 'Etteetive-November 28 1020 Denart ;;' :j Dally . - Arrive 20 -AJMi -. :. .Charlotte. . . .12:50 siAnAr to Charlotte open. ,10 - P. . M: ParldT' Cft t& Charlotte ,';For-Jnlnnnv?lM'178,-"...4; Your Boy Wants A CROWN MOTO-BIKE . Cash or Wei iPaymehts Wilmington Cycle Co. 215 Market Street Phone 526 FOR IMMEDIATE SHIPMENT- 300 Rolls Woven Wire Fence, 28 to 52 Inches. i 200 Coils 4-P6'int Barbed Hog Wire. . j 300 Coils 4 -Point Barbed Cattle Wire. Another car of SERV-US Flour ex pected daily. Every barrel Is s guaranteed to give sat . . lsf action D. L. GORE COMPANY Wilmington, N. C. ; COAL THAT IS ALL COAL TRY USl Becker Coal ' and Builders' Supply Company Telephone-2321-W Castle, Q,taeett and Snrry Streets W. L. DOUGLAS l.&lil.LHurwitz o . 605 North Fourth St W L. DOUGLAS hi: i 0i W mi P: Ill; m J?- m t if i!? Ii 1 1 1 f y 4 .8,1 ii i ! , r h i 1 lit A 1' i Hi iTilli Ml i ' ,r 1l 5, .fcU-J&Vk H. v-mi ML N - ; t . V.---. .I..----v' ? - V . . - .- v
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 11, 1921, edition 1
11
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