Newspapers / Wilmington Morning Star (Wilmington, … / Feb. 25, 1921, edition 1 / Page 11
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Financial and Commercial Mewsliaiid COTTON STOCKS GRAIN .vMmlv wealr anrt nn. I ' ' duuvk. I UtllUAUO. Fet). 24. Bears TlAfl a L to3ay with, all deliveries but tied today? vafo the. wheat mar ffher making new low records for the course of the falrfv 3' --rw ft'. PJVM -J?, u?5l?.8S reJLai:a from 13-4 Sdy at a net decline of 55 . to, 71 -Chief among theto was the announce- ko7c1o ?rViSinB at a set" s ...... I ment that &mnn? tho 1ai.. e u I uaLX OI. 'c l c- P0i..irT. was fairly steady at the independent r" -Zi?? ..wneat open, nigh. ulo v. nni.anMii rr . March:- ui 1.7 eason. May deliveries sold oft giving material acceilerTtion industrial outlook. Prices 'l3 42 to 12.76 and closed at 12.77. further "ownward closedheavy 3 to 44 net lower, the General market closing barely values. wwara courw. oi Quoted Corn finished 1 1 to 1 down; oats 't first prices being unchanged to the Pittsburgh districr following thi Slf ;" Toinfs ric-r example byts - fiS orn- on uie wcn. a. v per cent wage reduction Mav .vering and some scattered ,"5 effective March 1. This was accom- juiv ' po due ffiTy the hope" olTa"raTly after panied bfTgossip on" the W stock0 S3 Ju&, liS JtoPPins of March notlcesfyester. change tLtn "op markeoV se- May'3" v. There was a good deal ftouth- vere price-cutting: would ensue.' but in juiy " O''1 .m. Vinwever. and the market well nfnrmsii u ulor 1.61 .70 .72 .45 .46 1.61 .70 .75 -.45 .46 IjOW. 1.67 1.54 .69 -71 .44 .45 Close, 1.67 1.56 .69 .71 .42 .45 toon" weakened on the unfavorable re was regarded as highly "improbable or . from Manchester ,and renewed at least premature. ... ' : , :U'Lt,nndnns of increased old cron of. I Another unfa. f.rWs before the new crop was plant- 'he suspension of the quarterly divi )l The latter were inspired by re- aend on Ajax Rubber. While causing iio'rts that southwestern bankers were no surprise, in view of financial state advising liquidation of cotton, grain ents recently issued by that company, and cattle in order that farmers might tne effect upon rubber issues and nu- rpduce their obligations. sentiment ro8 aimiated shares was unmis K.. .i. unsettled .by claims that some takable.. mis-ht come back from Liver- ; Advices dealiner wltv acneoti !mnl for delivery on contract, and that on he chemical and fertilizer trades lot of 100 bales was already on cnnrmed .recent adverse reports re- WILMINGTON MARKETS SPIRITS OP TURPENTINE N. D. ROSIN N. D. . T8AR 53.00 and 13c. VIKGl -x. D. YELLOW DIP N. D. HARD N. D. J COTTON WILJIINGTON Spot 12.00c. usmess Today Merchant's Prob " lems and Current Trade Conditions PRODUCE 3IARKLET "CORN S1.16 to S1.50. BEEP Dull, 10c to 12 c. uull, 10c to 15c. PORK 12c to 15c lb. BACON (N. C.) Hams 28c to 30c, - i 1 .jj. SDeCT n? thscn n J. its way lrom Hie umei smc. I -r. --: o 'uuueuica . auu gUYB C3 K II C 111 Liic xiuiiuwn utai net. lUi ,i , Koakciii. jic00uii; har silver, lower foreign exchange .tgainst tnose scocks by pro- onH talk- of less satisfactory r.on- fessional interests. j:.in, in domestic eroods markets were Steels, eauicments. shinnins'. nils contributing factors on the break motors and their accessories, as well dull sides and shoulders, 20c to 22c, which carnea atuv uuuuia a? iu 4 u i v-wid, aim louacw snares, i dull. points n cl , , " ;::r"ltT" oui- Aivii; i aiiluw t and July at n.n anu me ciose wasi"1' DVct;iaxticis, inciuaing tne mail or- withln a poini ui tvu i tiio ivwqsi iicv xuBsca ui one 10 nve although Japanese ana continental M'"1"". dul reactions among rails were ii :.0i-ots were renorted cood huv. I relatively unimDortant . O.aH mnnv ,r on a scaie uowh. t - tuo ujs.cu rate oi t per Only one Jiarcn iiuiive waa repurieu p'" uu .mic luuua were avanauie ind the Jkiay premium was reaucea to1 '"vuciaie amounts ior tne snorter ahont 50 points. dates. Exchange on London eased Weakness in the grain market may "J e entire continental list of re t.-.. ,nnnntfH tor some of the sell-1 mittances eased aDnreciablv. inff which included western and Wall Tne feature of the irregular bond street liquidation. market was the decline of Liberty 3s Futures: nign. jjow. viose. I y ja. muoi ui.iier uuuiesuc aim ia.st 1Z.Z5 12.27 issues, were vanaDiy lower, es- WILMINGTON peami'T MARKET 13.42 12.26 12.77 Piaiiy maustriais. Total sales, par (Renorted bv J. S. Funchesa & Co.) 13.85 13.23 13.24 vaiue. io,iv&,000. White Snanish. farmers' stock, new 14.40 13.80 13.82 I croD. Drimes. ner buaheL 20 rounds. . V'HV 31 UVn X S1.10. Knmy Money Has Sot Ariivcl The view has been recently expressed in banking circles that the slight eas ing in money rates noted during- the past week will prove to be only a "short swing." A lowering of the rates for any considerable period will be prevented for the present, it is be lieved, by the unprecedented demand for funds on the part of industries, utilities, and ' the United States and foreign governments. The considerable amount of commodities stity remaining unliquidated will also be a factor in prolonging the existing credit strin gency. The next federal tax payments fall due on March 15, and this will temporarily increase the demand for funds. The payments of taxes will be smaller than last year, but with money less plentiful there will be relatively as great a drain on loanable resources. Moreover, the smaller receipts may force the government to resort to addi tional issues of short-term obligations, thus increasing its competition with- private business in the money market. All of these conditions will act as ob stacles to the lowering of interest rates in the near future. BEESWAX 2 0 c, 3ull. HIDES 5c. WOOL No market. . HENS Dull, 90c to $1.25. LARGE FALL CHECKS 60c to 75c. SMALL SPRING CHICKS 50c to 60c. EGGS Dull, 35c. BUTTER Dull, 35c. POTATOES ?2.25 to 53.00 bag. SWEET POTATOES $1 to $1.5. CABBAGE J3.00 crate. APPLES $6.00 to $7.50 bbl. March . May . . July .. October rEW ORLEANS COTTOPT . 1 W T .4.1 . (Furnisnea wy . . uumn -r Am. Beet Suear 4U1 sontnern mag.; pan " NEW ORLEANS. Feb. 24. Extensive Am Car and Pdrv liquidation, influenced by discouraging HfStlWh cauiei, 'i-77J"" Am. Interna. Corp Pu."lt. " - hIiTI t Am. Locomotive London silver, occasioned a sharp de- infi in values louay. i a cs.- . . x.xjiXm uuKax ........... Liverpool cajjiea: uenerai iiquiaa- i Am. Sumatra Tobacco Am. Linseed Am. Smelt, and Ref. North Carolina, tarmerj' stock, new High Low Close crP Primes, per bushel, 28 pounds. .ion some Manchester selling. Re- ?r "i"TJ ported all Royton mills to close March 2m Woolen " IS to 31. Weakness due to constant Anaconda Con'ner stream cf liquidation in March. Banks Atchison .7 . .!! . 1 !! I pressing rniiit.. . Atl. Coast Line b lcu ug cuU1iD - Atlr. Gulf and West ubhsh peace with Turkey, action on Baldwin Locomotive which may be delayed until after the B and Q . reparation conference and revival of Bethlehem Stepi" "B" European, advices as to the Probability SPiL . of a spring drive by the Bolshevik Central 'Leather against Poland and " Rumania created nVrotors i!!: uneasiness. Unavoidable developments q and O. . ...... . . .. m tne domestic if ".. Chicago, Mil. and S. P. ticuiariy m me aiccx iuuusuj Chicae-o R. I and Pac to slow demand and the production of chino CoDner the t'nited States Steel corporation re- Goea Cola duced to 65to 70 per cent of capacity Fuel -f ; as against o to 80 per cent one week Corn Products ago, coupled with a report that the crucinie Steel numher of idle freight cars in the ruha Cane Suear ''"" United States had increased 34.338 for Ea Cane sugar . . ... the week ending February 15 had General Electric" depressing effect, as... did . the., lower .General Motors . . prices for grain. . , G. Northern, pfd Referring to cabled report of all Guif states Steel ....b Royton mills closing from March 18 imnois Central . .'.b to 31, probably it is the usual Easterr Inspiration Copper ... ide curtailment. , Int. JVIer, Marine, pfd.. As is generally the case in a de- International Nickel . -lining market, the demand f or spots international Paper . .. at homa and abroad is on the wane, Kennecott Copper-..'. ihe inquiry or late being very limitea. and N . . .o'f'd However, it is likely that the lower ajeXiCan P'etroluem . prices, now the lowest of the season jjami Copper z1 at some points, may attract fresh buy- Middje states Oil .... ing. perhaps in an increasing manner. Mjjvaie steel ........ It is also probable that the interna- Missouri Pacific tional monetary conditions and Eu- New york Central .. ropean politics may improve, and we k y N H and Hart. relieve they will, particularly as con- Nrf2ik " and Western terns the allied relations. with Turkey. Northern Pacific Either of these possibilities .would Qkla prod. and Ref. . probably make for a better market, Pan. Am. Petroleum .. or at least check the present declin- ppnnsvlvania . . . . . . in? tendency of values, pending iur- Lfitt. and W. Va. ...b mer oeveiopraenis in geuuai uuwnu i pU-6 Oil '29 123 U 45 83 50 41 92 86 100 63 38 82 i . . 29 122 44 83 49 41 92 83 100 61 s 38 82 Virginia Runners, farmers' stcck, i A O 1 I Aa tuicoi iwuw X1Z J9 pounds. 88c liS Virginia Jumbos, farmers' stocK, new ?Tlcron. nrimsn. ner busheL 22 DOUnrls. V V 1 . I . - - - 74 ii nn A ft 1 I rz 49 89 S4 57 117 39 70 59 27 27 22 20 29 -70 94 24 13 130 14 77 conditions. Futures: llarch Jlay . . July October . . . . Ray Con. Copper Reading High. Low. Close. UT, -its .-iss 5avs-"ss1 13.49 12.74 13.74 Rep. Iron and Steel Royal Dutcn, jn. x. J3-M-25 StTand San Fran H. AND B. BEER, DAILY COTT03T TABLE Seaboard Air Line..b S. Air Line, pfd b Shell Trn. and Trad.b Sinclair Oil and Ref. . Sloss-Shef. S and I..b. - southern Pacinc 34 51 15 53 18 157 18 13 31 19 72 4 n T 102 84 3 74 40 13 76 30 67- 60 21 23 ' 78 21 57 108 59 8 42 24 54 9 ) 121 103 24 70 54 68 83 110 50 36 33 i 6 7 67 20 47 88 34 56 116 38 68 59 27 27" 21 19 28 68 91 23 13 129 13 76 34 51 15 50 i nt 154 18 13 31 18 71 19 101 83 3 73 39 44 '8 13 75 30 66 59 21 23 Port Movement Xew Orleans Middling 12.25: yipts 4,995; exports 199; sales 680; southern Railway stock 421,725. Sr. Railway. Dfd. Galveston Middling 12.50; receipts gtd- Oil of N. Pfd, 3,425; sales 589; stock 345,137.. Studebaker Corp. Mobile Middling 12.00; receipts 183; Tennessee Copper ... stock 13,657. Texas Co. Savannah Middling 13.5&J receipts Texas and Pacific ... 1,846; stock 164,386. . Tobacco Products .... Charleston Receipts 307; stock 246,- Transcon. OH 590. Union Pacinc , Wilmington Middling 12.00; receipts united Fruit 306; stock 23,179. ' US. Food Products . Texas City Stock 4,107. , tj' s. Ind. Alcohol . . . Norfolk Middling 12.60; receipts 1,- y g. Retail Stores ... 124; sales 62; stock 83,506. US Rubber Baltimore Stock 4,335. United States Steel Boston Middling 13.25; receipts'101; v s. Steel, pfd. stock 11,700. v Utah Copper . Philadelphia Middling 12.80; re- vanadium Corp ceipts 100; stock 4.984. Virginia CaroChem. . New York Middling 12.55; stock western Union ...... 122,871. - W'house Electric ... Minor ports Stock 2,145. Willy-Overland .. ... Total today Receipts 12,391; exports Gen. Asphalt 134; stock 1,448,322. V invincible Oil ports 26, 313. weeR RecelptS : eX" " Total sales, 641,600. Total for season Receipts 4,466,900; NEW YORK BONDS 47 29 41 92 84 100 62 as. 82 84 4S 88 84 57 33 69 59 27 21 PETERSBURG PEANUT -MARKET (Reported by Rodger, Plamnier ' and CamDon- Inc.) SPANISH (Farmer's Stock) market nominal. 90c to 95c per bushel. VIRGINIAS (farmers Stock) marlcet nominal. Fancy Jumbo 6c per lb.; extra prime 4c per lb.; prime 4c oer lb,; sneiung stock 3c to 4c per it. SOUTHERN MILL STOCKS (Quoted by R. S. Dickson and Com- pany, Gawtonia, Ji. C.J fcock Co. So , Aileen Mills X?-, Am. Yarn and Proc ? Anderson Cotton Mills I Arlington Cotton Mills Vlf I A.s.arlA rrrn grille ?2? Arrow Mills "2? Belton Cotton Mills 1?7S Ptroarl Ttivfer Mills Brogon Mills Brown Mfg. Co ik 2 I Clifton Mfg. Co Bid Ask , ... 81 31 88 34 I l 78 21 57 108 57 8 41 23 52 8 120 100 23 69 53 65 82 110 50 35 32 87 ; 45 7 65 19 Cabarrus Cotton Mills Chadw'k-Hoskins Co.(par $25) Chadw'k-Hoskins Co., pfd... . Cannon Mfg. Co Clover Mills .. Cash Mills Climax Spinning Co Crescent Sninninsr Co i?? Dixon Mills 74 I r, i nffnl i q 7 I ui ay iuii iviiiib . . . i J L L .1 A . V. V- . . ........ Dunean Mills Dunean Mills, pfd Durham Hosiery, pfd Durham Hosiery "B"' Eastern Mfg. Co Eastside Mfg. Co. Efird Mfg. Co. Erwin Cotton Mills Co Erwin Cotton Mills Co., pfd. Flint Mfg- Co. K0& Gaffney Mfg. Co If 7? Gibson Mfg. Co Grace Cotton Mill Co. Gray Mfg. Co Hamrick Mills Hanes, P. H., Knitting Co. ... Hanes, P. H.. Knitting Co. pfd. Imperial Yarn Mill (N. C.) ... Jennings Cotton Mill .... ;,. , Judson Mills s. . Judson Mills, pfd ' Lancaster Cotton Mills Limestone Mills Lola Mfg. Co Locke Cotton Mills Co Majestic Mfg. Co MarTtooro Cotton Mills Monarch Mills (S. C.) Myers Mill Myrtle Mills National Yarn Mills 50 17 99 156 18 13 31 181, 101 83 3 73 40 28 34 13 75 30 66 6 10 39 23 48 78 21 57 108 58 8 41 23 53 . 8 120 102 A A 23 ya 70 54 66 I Newberry Cotton Mills Interior Movement U. S. 2s. -registerea- ....... - . . B liouston-mddlin 120; receipts g. f lVy- 103? 'SiZ B.462; 8hipmen 5,245; sales 8.855; stock : Vs, "oupon ! 10g foYe c receipts nama . ' Norcott Mills Co. Orr Cotton Mills Osceola Mills . . . Parkdale Mills Pacolet Mfg. Co. Pacolet Mfg. po., pfd Pelzer Mfe. Co. - 7i2 J Piedmont Mfg. Co. (S. C.) . . . I janio ivnif. vu . . Rex Spinning. Co ; Rex Spinning Co., pfd ,. Ridge Mills . . Riverside Mills (par $12.50) Riverside and Dan River Rowan Cotton Mills Co.' .. ... Rockyface Spinning Co Rhyne-Houser Mfg. Co. 83 110 50 36 33 87 4 0 74 20 99 99 .b b 372,967. R "t,"IS a"R . ' -ir'lV Panama 3s. coupon . :,5niI)men .ow;-.w ,v. v rtm.it ahd Refining oiAugusta Middling 12.00; receipts 1,- Am. Tel. and Tel. cv. 6s. 344;oshipments 100; sales 180; stock Atchison .n. . ... .y- ; ; ; A St. Louis Middling 13.00; receipts Baltimore &nO hio c v. 4s . . . . .360; shipments 3,764; stock 28.816. Bethlehem Steel ref. Bs .... . Atlanta Middling 11.75. Central of Georgia Con. bs . Uttle Rock Middling 12.60; receipts Central ol -X J058hlpment. 916; sales 208; stock ghepeake and OUyr.... Dalias Middlinff-11.45; sales 2,163. Chicago, Mil. and St. cv. 4 s Total todav Receipts 19.476; ship- Chicago, R. I. and Pac Ry. rer 4S todav ReceiDts aients 16 826; stock 1,006,045. XEW YORK COTTON ni4M n Pa ri x AB Colorado and Southern ref. 4s. , rflTi vnr' si.Tin Rio Grande con. 4s., Dominion of Canada 5s (1931) . , ... 75 ... 300 128 ... .165 ... 855 ... 115 130 141 ... 125 290 ... ... 145 200 ... 115 ... ... 120 170 ... 15 ... 100 185 ... ... 140 ... 40 120 135 77 S6 99 106 60 ... 240 290 ... 135 78 ... 90 95 30 35 95 111 35 60 120 141 315 330 97 200 250 78 85 175 ..A ... 71 . . St) ... 425 ... 175 14 17 98 101 ... 175 240 260 ... 325 80 ... 225 ... ... 175 110 ... 124 130 ... 175 55 80 ... 130 93 130 ... ... 151 ... 225 200 ... .... 186 ... 275 .... 171 ... 200 89 95 ... 125 ... 165 ... 110 ... 151 ... 96 ... 96 ... . 15 275 ... 81 101 ... 105 ... 110 110 ... ... 140 77 86 120 140 32 ... 40 80 . 28 32 . . 92 93 ... . 96 ... 270 ... 115 .... 5 '. . -. 90 210 .. . .246 $2 V L"1 1 1 r SKT t- t O 1 nlnAimv va. I THrla O" ATI . 4S tfjrt8 from Manchester and the market Illinois Central ref. 4s catching stop loss orders were the Int. Mer. Marine a " i:'ner features in the decline of toiay:s Kansas uiy ouuiuw jotton market. Judge Ramsey, of the Liggett -and -Myow -6s . .. . Dallas federal reserve board, is credit- Louisville and Nashville un. 4s with having said that holders oi Missouri, .T "u came ana conon ior.' iire-w Missouri - - -. - -c t..: . . - j I r -vnir Antral aeo. oS f are aoing DOin inemseivca " WMttrn cv, 6s ueir netenbors an lniusuce. J.nis wo worium - construed bearishly. It requires but Northern FcHUs 4s i. t- elanre at n.,ntatinn. anA their call-i Pennsylvania gen. bs .......... . 'ng of pre-war prices to see that the Reading gen. 4s . . ......... market is now at that level. It is Rep. Iron and Steel 5a "y'6- ". 'lain.ed thar continental spinners are St. Louis and San Fran, adj. es . -mong the shrewdest buyers of cotton, Seaboard Air Xlnc adj. es ...... al"i they have been on. the buying side Southern Bellrei. . an ... b cotton today, which is conspicuous Southern Pacifiocr.os o Jn the face of adverse English reports. Southern gway k A statement of national banks as Of Southern Railway gen. 5s February 21 is called for.' When these Texas jri"c 1 .v '. : !! "ures come out ana are aigesieu, u;nu 7,V n anil I (1937) jffft improvement In the domestic.stt- U.. K. otJx. B. and I. U u ion should be reflected; to'to-'M U.'S ate I eai'ss .'..'.b "vy liquidation wnicn nas 4ilace. it should encourage confidence. iRVjUiBRm. AND CO. Wabash 1st y , WllfiOP and C V 6S . . . . . . . Pnttnn TV.f!lla C.ft ilTf L Spartan Mills .. . ., l sterling Sninnine Co,' . 78 I Snnerior Yarn Mills .". . 5 Toxaway Mills (par $25) r Tin on Buffalo Mills ..... 77lTTnion Buffalo Mills 1st pfd. 69 union Buffalo Mills 2d pfd. 2 I victorMonaghan Co: .. 85 I Victor-Monaghan Co., pfd. 7 i victory iarn vw. ....... oi a i i k t 0 1 . ' 0174 1 ware nnuaia ix i. k . Watts Mills 68 Watts Mills. 1st pfd- 67 Winget Yarn Mills CO. , . S6 I Wiscassett- MUis yo. . . . 63 Woodside Cotton Mills, pfd. . 88 r 41 CHICAGO j UVESTOCIv 75 80 CHICAGO. Feb. '24. battle: Beef 734 steers steady' to 25o higher; top 10.75 84 I bulk 9.50 10.00r. butcher stock early 82W 15025c hiarher: bulk fat cows and I - . - n r nm aa. 1 , 1 1 rr AC A & : 1 neirers a.zarai.uu: ouiib uneijr..ui 54Ulfi.OO: few choice light bulls 7.00 and t - - . . . . h srner: caives mwiiy sue niuci spun up moTe; bulk vealers 4,0 packers 11.50 12.50; few to shippers JL3.50 ; stockers and feeders strong. Hogs:. Active; mostly 10 to 15c higher than yesterday's average; spots more on heavies f closed strong; top 10.40 on 150-pound to 176-pouna nogs nulk 209 nounds and down 10.00 10.30 bulk 220 pounds up , 9.259.75; pigs 2540c higherj bulk -desirable 90 - to 120-pound pigs. 9.50 10.00. it-. Sheep: Killing'' classes mostly 50c higher;: lamb top .10.75;. some unsold on higher- bids; shorn lambs top 10.00; hnllc fat lambs 9.50(310.70: top wooled vAariins-s 9.00: heavy shorn yearlings XSU 7 00: 124-douhiI wetner 7.Z5; ewes, top 16.25; bulH tat ewes'. .006.50, Liquid Capital Beeomes Fixed One lautor that has contributed in no small degree to the scarc'itv of liquid capital has been the tendency during the last few years to reinvest earnings m additions and improve ments to industrial plants. This was done at first to take care of the un usual demands of the war and post- armistice periods, and to some extent it was also resorted to as a means of evading the excess profits tax. Funds that in normal times would have been set aside as net earnings were put back into the business and charged to capital account. As a result, some lines of business find themselves over built or overextended. This seems to be the case at present, for Jexample, with steel and copper. Such industries must, wait for business to grow up to them, or part of their equipment must lie idle until it can be used to replace other parts as they wear out. This is not an economical method of doing business, as idle capital goods not only fail to yield a return but they also de teriorate and involve expenses in the fbrm'of insurance and taxes.' country is underbuilt to a. degree that is almost distressing, . Road building and repairing are ''also , greatly in ar- j rears. The pity, of it, Is that w.ifb, this! crying need for more construction in j certain lines over 2,000,000 men. are t out of work, there Is stagnation in the! basic industries , of steel and lumber, I and the number of idle ; freight cars is the greatest in ten years. There is a growing belief among bankers and business men, however, that this mal adjustment cannot last much longer, and the first, step iri, its elimination Is expected to . come with a readjustment in the price of steel. SUBURBAN .'yi; Y TTDB WATER POWER COMPANY 1 K WXxte Park, neagnte, Wrtgkt.vUle. Wrlghtnville Beach .amd v-: , v. Intermediate Points , :; ;'i .' Effeetlye Tharnday. October T. 1939m - V.&tMvn Wilmington .' 'Par - Wrtgntavtlle Lonv ; Wilmington For Benen " Fo .. : Wflminjrton Indnstrinl Malndjnstment The war has brought on a lop-sided development of the country's indus tries. Some are overbuilt, while others are underbuilt or at least undermain tained, as is now the case with the railways and local traction companies. In the matter of housing facilities the As a Poet Views Business Walt Mason, the poetical humorist or humorous poet who hails from far famed Emporia, and who, according to his own modest confession in Who's Who, probably has "the largest daily audience of any living : writer," has ventured into prose in a current mag azine and has undertaken to dissect and diagnose the ills, economic- and other, from which this poor country is suffering. Incidentally, after flAd ing out what the trouble is, Walt is ready with the remedy. The country is suffering, he says, from "an over dose of optimism, and the obvious remedy is to have less of it. Trans lated into Chesterton 1 and idiom, the formula of the Kansas bard would le. Don't fell so good and you won't feel so bad. Optimism is a good thing within reasonable bounds, but there can be too much of even a good thing. It was this excess of optimism, he avers, that during the late . lamented flush times caused blacksmiths to wear silk shirts and charwomen Russian sables while doing their work. It is well to realize that, a'fter all, the world, is full of trouble, and the thing to do is to get ready for it and not go about shouting that it does not exist'. 16:60 A. JW. T;20 - A. "m. 8:00 A. M. 8:30 A. M. 9:30 A. M. 10:00 A. M. 11:30 A. M. 1:06 P. M. 2:00 P. M. 3:30 P. M- 3:00 P. 11. :S0 P. M. t :00 P. M. :30 P. "M. 6:00 P. M. 5:30 P. M. 6-.10 P. M. :40 P. M. 1:15 P. M. g;16,P. M. V-.16 P. M. 10:15 P. M. 11:15 P. M. :60 A. M. :1Q A. M. 8:30 A. M. J 9:30 A. IS. 20:00 A. M. 11:30 A. M. 1:05 P. AL 2:00 P. M. 2:30 P. M. 3;00 P. M. 3:30 P. M- t4:00 P. M. 4:80 P. M. 6:00 P. M. 6:0 P. M. 6:10 P. M. 6:4U P. M. 7:15 P. M. 8:15 P. M. 0:15 P. M. Tll:15 P. M. 6:00 A. AL lt:35 A. M. 7:0 A. M. 7;3& A. M. :15 "'A. M. 10:15 A. M. 10:45 A. M. 12:15 P. M. 1:45 P. M. 3:45. P. M. S;i5 P. ii. 8146 P. M. 4:16 P. M. t 4:45 P. UL 5:15 P. M. fr:46 P. M -25 P. M. 5.65 P. M. 7:25 P. M. 7:b6 P. M- 8:30 P. M. :30 P. 2d. i6:10 A. 6:50 A. 7:20 A. 7:56 A. ' IeaTO ' x WrlghtnvtUo Fo ' ' 16:10 A. M. M. 8:30 A. U. 9:25 A. M. 10:25 A. M. 10:56 x A. 21 12:25NP. M. 1:66 P. Jd. 2:56 P. M. :2C P. M. 8:66 Rr M. :25 P. M. t 4:55 P. M. 6:25 - P. 24. 6:65 P. M. 6:35 P. M. 7:06 P. :M. 7:35 P. M. 8:05 P. M. 8:46 P H. :45 P; M. 10:45 P. M. 111:46 P. M. UUA1L.V EStiSPT SMAUAV. KKOM S'l'A'WOK No. 1. This enr connects at Wrlghtsville on special request to transpor tation offioe. Phone No. 2701. ITbis car will go through to beach on special request to transport tion office- SDaily except Sunday. Saturdays and Sundays only. Sundays only. Frefsht Schednle t)afly Except Sunday. Leave Nlnih and Orange streets 3:00 P. M. Freight Depot open daily except Sundays froi;. 1:00 to 3:00 P. M. Shooing Avay Pessimism The preparation of this little dis course on economics was probably rare sport for the singer of Emporia, and there is In his observations more of truth than of poetry. A short time ag a national organization was cre ated to bring on better times by shoo ing away pessimism and by passing the word along that "business is bet ter than ever." A doubting Thomas suggested that if this statement were true people would be too busy to listen to it, and anyway it would do no good to tell them what they already knew. (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 he Investor His Present Opportunities and Problems STOCKS and BONDS COTTON, GRAIN AND PROVISIONS H. G. Latimer, Jr. Member Nevr Orleans Cotton Exchange .Direct private wires to New Orleans, New York, Chicago and all principal points. . Orders solicited tor future delivery in Cotton, Grain. Provisions, Cottonseed Oil, Coffee and Sugar. Securities bought and sold for cash, or carried on conservative margin. Correspondent. H. and B. Beer. 401 SOUTHERN BCILDIXU New Orleans, La. PUONQ 23w Brokerage -Comm'lissions Commissions "charged for the execu tion of:,Qfti.ers; to buy bonds listed on plies all power for commercial light ing and industrial purposes in Detroit, and serves the cities of Ann Arbor, Highland Park, Ypsilanti, Mount dem ons, Port Huron, Howell, and Monroe. It also serves 44 incorporated Michi gan villages and rural areas in over 75 townships. Total bond and other in terest was earned not less than 1.7 We Handle "STAR BRAND" Shoes KOSCH'S DEPARTMENT STORE Corner Sixth" and Castle Streets All Cars. Transfer Over Hem the iew Tork . stock exchange vary with the ,cass of bond. The exchange has promulgated a schedule of mini mum charges. A bond haivng more than fiv'fi vearslo run taken a commis sion rai af$ S1J50 ner SI. 000 nap value. Short-term issues maturing within five times each year during 1910-19, -while years takea rate , of $1.25. The mini-J lt was earned 3.52 times in 1916, 2.72 j mum charge for any kind of bond i l,tnes ln A3i8' an -4o "nies in lai?. transaction is $1. Thus the commission I vc" ""ring xaxa, wnicn was a poorer charge on -a S100 or $500 piece is not year than either of the two preceding. nn.tnthvnf on half the si. so enm. per cent was earned, over and mission on a $1,000 piece, but is $1 in j above bond interest on $25,743,000 cap either ease. It will he noted that these ! ital stock. Detroit Edison's electricity' REBUILT RADIATORS Alili KINDS FOR SALE jtem Than Half Prlee of Xew .Radlatora. ,.. Radiator Repairing .Prices s Reasonable , W. B. KLAfiDER & CO. 132 Market St. ' Wilmington, IS. C. either case. It will be noted that these are minimum charges. Each, commis sion house has the right to scale these rates upward periodically to- make them conform to the cost of executing orders. -Two houses have announced reecntly that, owing to the continued increased cost of providing efficient service the minimum for each bond transaction will hereafter be $2. Lib erty bonds fake a special rate of 62 1-2 cents per $1,000 bond. Houses deal ing extensively in Libertys have adopt ed the following scale for sales of less than $1,000 of this class: $1 on a $500 bond, 75 . cents on a $100 bond, and 50 cents on a $50 bond. electricity output has increased steadily from 313, 718,600 kilowatt hours in 1914 to- 858, ! 051,800 in 1919., Customers served have, increased in number from 109,530 in 1914 to 245,961 in 1919. Complete fig ures for 1920 are not available, but it, is known that net revenue amounted ; to 4,oid,t4 as compared wvtn ?4,27S, 318 in 1919, and with $2,635,348 in 1917, which was a good year. (Copyright, 1921, by N. Y Evening Post, Inc.) What Do Ton Think Of This? -AN IVOR-JOHNSON BICYCLE For Your Boy or Glrlt QUEEN CITY CYCLE CO, 209 Market Street TELEPHONE 802 COTTONSEED OIL Houses Own Bonds Outright The rates Quoted in the preceding photograph apply where an ordeJ. 's,other commodity .markets were also NEW YORK, Feb. 24. General un loading ahead of March tenders, along with stop-loss selling, caused a further break in cottonseed oil today. The easier crude market and weakness in put through a commission house which does only a DroKerage Diisiness anu does not actually carry in its own safe bonds frpm which the investor may make a selection. These rates apply also in the case of stock exchange houses which own outright a variety of bonds, but do not happen to have on hand the particular issue ordered b a customer. If a bond house owns the issue asked for it will charge no com mission. Bond houses carryy Issues listed on the New York stock exchange and on other exchanges throughout the country, and they often sell such se curities without using the facilities of the exchanges. Where such sales take place in extremely inactive bonds the last published sale price recorded on the exchange is not a good guide to current market value, and the record of the volume of sales over a given pe riod is not a good indicator of a se curity's activity. Detroit Edln K and Os Detroit Edison's first and refunding 5s and 6s, Series A and B, due in 1940, represent a long-term issue which is available at a pri.ee to yield about 6 3-4 per cent. The 5s give , a current re turn of 6-13 per cent at the present price of 81 1-2, or a yield of 6.73 if heTd to maturity. The 6s give a current re turn of 6.60 per ', cent at the present price, around 91. or 6.83 If held to ma turity The $16,66S;000 of 5s outstand ing and the $10,000,000 of 6s are a di rect obligation of the company, se cured by a first mortgage on the new Connors Creek generating station, which now has a capacity of 105,000 kilowatts, but will ultimately be In creased to 180,000 kilowatts. A further mortgage is given upon the. company s present and-future property, subject to $14,000,000 prior liens. Franchises ' un der which the company is operating extend beyond the maturity . of the bonds. Replacement value of the mort traeeri oronerty is estimated to be over -one and three-fifths times the par value of all mortgage nonas ouisiana Ing, Including the above issue. Bonds are' issued in denominations of $1,000, $500, and $100. They are redeemable at 107 1-2 up to March, 1930; at 105, from then to March, 1935, and thereaf ter at 102 1-2. " . . Detroit "Edlaoa'n Position ' The Detroit Edison company ;' sup- factors, with closing bids 14 to 24 points net lower. Spot trade was un improved. Sales 36,300 barrels. Prime crude 5.00, sales; prime summer yellow spot 6.50; March 6.55; May 7.46: July 7.81; all bid. . c DRY GOODS MARKET NEW YORK, Feb. 24. Dry goods markets today were firm. Branded lines - for spring ; distribution were scarce and jobbers held. them at a prem ium. Exports business showed signs of expanding' in some Quarters. Wool goods were well received by the wo- 8:80 A.M. men's wear trade at prides named early in the week. Raw silk was firm and burlaps steady. W. Munroe ' AND COMPANY FURNITURE 15 S. Pront St, Yr Money'a Wartn Alwaya I Your Boy Wants A- CROWN MOTO-BIKE Cash or Weekly Payments Wilmington Cycle Co. 215 Market Street Phone 526 Arrival and Departure of Train WILMINGTON. N. C ATLANTIC COAST LINE JACKSONVILLE NAVAL STORES JACKSONVILLE, Fla., Feb. 24. Turpe.ntine firm; 50 ; sales none; re ceipts 62; shipments 2,452; stock 23,060. : Ros'n inactive; sales none; receiptB 70; shipments 181; stock 181,226. Quote B, D, E, F, G, H, I, K, M, N, WG, WW, 11.30 . . SUGAR AND COFFEE NEW YORK, Feb. 24. Raw sugar firm, refined higher at 7.75 for flue granulated. Spot coffee quiet; Rio 7s 66?4; Santos 4s 9 9. FINDS HIMSELF DEAD. HIS POLICY PAID, WIFE MARRIED LAFAYETTE, Ga,, "Feb. 24. Fred Williams, who went away to war in 1917, will return home in a few days to find his 'body"--buried here, his war insurance policy paid and his bride, the wife of another man. This was the situation disclosed to day when Mrs. Grace Robertson re Effective February 6. 1021 All Trains Dally When Nat Otherwise Designated Depart. Arrive. 3-40 A.M.. Raleigh & North. 1:20 A.M. Sleeper to Raleigh open 10:00 B. M. 6- 30 A.M.... South & West...l2:10TA.M. Sleeper to Columbia open 10:00 pr M. 7- 45 A.M.... North 6:05 P.M. Parlor Car to Norfolk 8-30 A.M.....Payttevine. ...8:00 P.M. lnn tm '.New Bern 12:50 P.M. a -30 P.M.. . .South & West... 1:00 P.M.jV ' 4 n criiata Atlanta FOR SALE Irish Cobbler Seed Potatoes (Maine Grown) , T Leonard's Red, Yellow ana White Onion Sets Complete Line Canned Goods. Produce and Candies r v' Bear Produce and Merchan dise Company '' Wholesale Only) w Cor. Nutt and Grace Streets . Phones 453 453 I -T tn. "nl.. Aiieusta. Atla-ntu ! P.M. . .rayettevilie ..fll:05 A.M,!i 13-30 P.M.... .Southport....ltl:00 P.M. ' 7-00 P.M North.-. 9:46 A.M.! Sleepers- to Washington and Norfolk IDaily,- except Sunday. Arrives i 9-45 stCTGO SSaturaayo. -swtjr w xvai liti but does ot run north- o;f GoTds- Vboro n Sundays. tTuesdays, Thurs- davs etna . oaiuruo.j' 4. J Vov infoxmatloif Phone 160 SEABOARD AIR LINE Effective November 28, 1920 Depart ' Daily. . . - Arrive Sleeper to Charlotte open 10 P. M. 8-00 A.M...W11. to Ruth'ton..6:40 P.M. 3:40 PI. l;10 P.M. Parlor Car to Charlotte . For Intermatlon Phone 178 BE AN OPERATOR OJ A LINOTYPE, INTERTYPE OR MONOTYPE MACH1ME A Coal That Exceeds Pennsylvania Anthracite in value. Other sof coal of equal quality. Try us. Phone 2821-W. Becker Cop.1 and Builders' Supply Company , ; Castle, Queen and Sorry 8ts.i W. L DOUGLAS I. &M.L.Hurwit2? o 605 North Fourth 8L y T W. L DOUGLAS ' Good pay, educational Pleasant work for -men and women. ..; Course Is abort and' least expensive schuviing you, cab obtain. (Typewriter op rvtors cei at nnM.i Address TypesetUn Dept.. ivm sibiicu net xiiat. uusuauu, say. American and soutnera Newspaper ing he had. landed and . was j. coming publishers' Typesetting School,,. rAd v. home as soon - as possible. - There "was t j ' . . ' . -1 " m . 1 " no explanation of his long silence. j 1 " "' f The . war ' denartment renorted wfv. ' - liams killed in action soon after he went to Igrance, paid his widow his Jn surance. and then sent a soldier's body here as his.- Williams' wife, whom " he had "married but a few months -before he left, mourned him an dthen mar. rjed a former sweetheart.. . t - The electric-eel is found only in the northern rivers of South America. i V' WE SELL IT FOR' LESS I THE BEE HIVE ' ' 'NEW SfTORE " ' 7lf Norih" Fourth Street Read Star Classified Ada. Mm i v t' j ' ! ; in j TV i'' ." , I, : 1 : ' !! : i 'i ' ;. ' :1 ' if ! IT,. 11:1 1 ! i ! ! v . a II : "i i
Wilmington Morning Star (Wilmington, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 25, 1921, edition 1
11
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