Report of the Condition of
BANK OF COMMERCE ~
WILMIIYGTON, N. C.
ii the Clone of Business, Dec. 29, 1922;
RESOURCES:
j.rtans and discounts.1313,983.44
m “ ' 722.66
overdrafts unsecured
AH other stocks, Hw&ds and
mortgages .
Furniture ahd fixtures.
C: i -11 in vault and net
,imounts due from banks,
bankers and trust com-1
j.anies i...
Checks for clearing
j:\pense (less undivided
profits) ..
1,100.00
8,953.70
128,093.98
.258.77
8,961.10
TOTAL .. .... .34*2,078.65
LIABILITIES:
Capital stock paid in __$100,000.00
Deposits..... 362,073.65
TOTAL ....’...$462,073.65
\ January 11, 1923.
i*T ATE OP NORTH CAROLINA,
COUNTY OP NEW HANOyER.
1, Robert 'Strange, cashier of the
ahove-namei) bank, do solemnly swear
that- the above statement is true to the
best of my knowledge and belief.
ROBERT STRANGE. Cashier.
Subscribed and sworn to before me,
this 11th day of January, 1923.
LESLIE R. HUMMELL.
ffotary Public.
Correct—Attest:
JOHN R. HANBY,
HERBERT McCLAMMY,
R. L. HENLEY,
. Directors.
Report of the Condition of
HOME SAVINGS BANK
WILMINGTON, X. C.
At the Close of Business, Dec. 29, 1922.
RESOURCES:
Loanu and discounts .
Demand loans .
United States bands and lib
erty bonds .
All other stocks, bonds and
mortgages .
Furniture and fixtures.
Cash in vault and net
amounts due from banks,
bankers and trust com
panies .
Checks for clearing .
$563,157.88
67,000.00
44.850.00
11.710.00
5,906.59
51,365.87
8,354.66
TOTAL .$751,645.00
LIABILITIES:
Capital stock, paid in .$ (>0,000.00
Undivided profits, less cur
rent expenses and taxes
paid . 14,297.00
Cashier’s checks outstand
ing ... 943.33
(vrtified checks .:. . . . 10.00
lime certificates of deposit,
due on or after 30 days... 125,271.89
Savings deposits. 561,122.78
TOTAL .$751,645.00
ST ATE OF NORTH CAROLINA.
COUNTY OF NEW HANOVER.
T, J. F. Roache, cashier of the above
named bank, do solemnly swear that
1 ho above statement is true to the best
of nvy knowledge and bel’ef.
J. F. ROACHE, Cashier.
Subscribed and sworn to before me,
this 11th day of January, 1923.
CHARLES S. GRAINGER,
Notary Public.
(jlv commission expires January
2. 1924.)
Correct—Attest;
WM„ E. PERDEW.
C. VAN LEUVEN,
J. W. YATES.
Directors.
Report of the Condition of
THE LIBERTY SAVINGS
BANK
2», 1922.
WILMINCTOS, N. C.
t( the Close of Bnslness, Dec.
RESOURCES:'
I .n;ins and discounts .$197,1139.17
1 i. iiiand loans . 6'2?R'S
i ivor drafts unsecured ......
United States bonds and lib
. rtv bonds .. • • ■
All other stocks, bonds and
mortgages .••■•••••• 8’a4‘.70
550.35
450.00
Banking houses... $12,403.93
2,821.6®
Furniture-fixtures..
cash in vault and net
amounts due from banks,
bankers and trust com
panies ...
i ash items held over
hours .
15.225.58
24
40,595.61
459.85
t
TOTAL ....$269,768.26
LIABILITIES:
capital stock paid in.$ 2?’Snn'n«.
Surplus fund ■.. • • • l,00«.0d
Undivided profits, less cur
rent expenses and taxes
..•••••••••••••* 1,780.06
1 hvidends unpaid .. • ■ • 3-°°
X0 counted3... !S: 5.000.00
Bills payable . 3M00-OO
Savings deposits ....
TOTAL .-• • $269,768.26
ST \TE OP NORTH CAROLINA .
COUNTY OF NEW HANOVER.
I. j. C. Rourk, cashier of the above
named bank, do solemnly swear that
the above statement is true to tne best
of my knowledge and belief.
J. C. ROURK. Cashier.
Subscribed and sworn to befpre.tne,
this 11th day of January, 1923.
H. C. COOPER, Notary Public,
i t rrcct—Attest:
J. W. BROOKB. h
C. E. HOOPER.
U. A. UNDERWOOD,
Directors. • .*>. .
I $10,000 Violin
Miss Matilda Fultz of Middleport,
O.. is shown here admiring the
Stradlvarlus which its owner. John'
B. Downing Jr. has lust Insured
:for $10,000 Downing’s father
, “The- Flddlin Pilot." tmmortalized
!®y Mark Twain, gave it to him.
I SUIT SKIRTS SIX OR SEVEN
j INCHES OFF GROUND
| Skirts of all tailored garments,
I whether of the three-piece costume, or
of the skirt and jacket suit, range in
| length from six to seven inches off
the ground, are of medium width, and
are flat at the back' with marked
movement across the front, or at one
side. Circular apron tunics, sun
pleated or laid in wide box pleats, fine
knife pleated tunics, and incrustcd
godet panels used either at one or at
both sides, or run across the entire
front of the skirt, are rhuch empha
sized.
Spiral tier effects and wrapped styles
In which the closing is at the side of
the front also stand our among the
styies favored.
Although the skirt of even length
at the bottom takes precedence, skirts
in irregular line ither longer at one
side than the other, or again long at
the front and short across- the sides
and black,'are represented, while scal
loped hems are featured in skirts both
for street and house wear.—pry Goods
Economist.
COTTONSEED OIL,.
NEW YORK, Jan. 11.—Cottonseed oil
was firm, closing at a net advance of 9
to 13 points. Higher lard and cotton
and the hardening trend in crude
brought about considerable short cov
ering and there was also some under
ing of trades between May lard and
Oil. Sales 20,700 barrels, tenders 200
barrels. Prime crude 9.50 to 9.75; prime
summer yellow spot 10.70 bid; January
10.75; March 11.00; May 11.19, all bid.
Report of the Condition of
CITIZENS BANK AND TRUST
COMPANY
WILMINGTOJV, jY. C.
At the Close of Business, Dee. 20* 1022.
KB SOURCES:
Loa,ns and discounts ■■.$550,897.98
j Demand loans . 9,580.00
j Overdrafts unsecured . 208.54
! United States bonds And lib
erty bonds . 548.98
All other stocks, bonds and
mortgages .,. . 3,100.00
Furniture and fixtures. 8,524.73
Cash in vault and net
amounts due from banks,
bankers and trust com
panies . 43,189.46
Cash items ‘ held over 24
hours . 175.84
j Checks for clearing. 2,062.15
TOTAL ..$618,287.68
LIABILITIES:
Capital stock paid In.$
Surplus fund .
Undivided profits, less cur
rent expenses and taxes
paid .
Dividends unpaid .
Deposits due banks, bankers
trust companies .
Deposits subject to check . .
Demand certificates of de
posit .
| Cashier’s checks outstand
ing .
Certified checks .
Time certificates of deposit,
due on or after 30 days...
Savings deposits .• •
50.000. 00
60.000. 00
1,387.95
325.S0
15,698.89
202,959.10
6.340.00
3,334.17
155.08
53,846.39
235,240.60
TOTAL
.-$618,287.68
December 29. 1922.
STATE OF NORTH CAROLINA.
COUNTY OF NEW HANOVER.
I C. J. LeOrand, cashier bf the above
named bank, do solemnly swear that
the above statement is true to the best
of my knowledge and belief.
J C. J. LeORAND. Cashier.
Subscribed and sworn to before me,
this Uth day of Jam.ary,D?3MBB
Notary Public.
,(My commission expires September
16, 1923.)
Correct—Attest:
R. E. WILLIAMS,
W. I. BAXTER.
J. HAUGHTON JAMES,
Directors.
r
Statement of Condition of
The Murchison National Bank
of Wilmington, N. C. '
At the Close of Business December 29, 1922
RESOURCES
Loans and discounts *. •••.. • -$ 9,252,952.19
Customers' liability acceptances ,.(• « ?
. . i. •
• y • • • *•_* :
U. S. bonds.. • •
Bank building .
Bonds and other securities . •. •> • • • •
Cash and due by banks ... • • */•
190,000.00
800,650.00
375,000'0Q
94,000.00'
V
3,977,703.79
TOTAL
Iv -■
.$14,690,305.98
•y
\ **: LIABILITIES vr . '
Capital stock ... • ; v
Surplus and Ret profits ♦. i'i • V? • • • • v * * * ^^.69
Reserved for'taaaj % • • • - * *
Circulation .. aUw • • • • • • v^w,OW.OO
circulation •. * »> > wru ■».? 190.000.00
Acceptances .•••••... *'* * ’' . arTK «7„ K
Rediscounts n-ith federal resm-e _bank; ; ■
4
Dep°sit»..
News of Markets—Cotton-Money-Grain-Stocks
COTTON
NEW TORE, Jan. 11.—High record!
prices for the season were established j
in the' cotton market today. People
who had delaped buying or had sold
In anticipation that the occupation of
the Ruhr valley Ify the French would
have a depressing effect, were evident
ly alarmeti by the readiness with which
recent offerings had been absorbed and
continued steadiness • otj Liverpool. A
sharp opening advanfie met a good
deal of realizing but it was taken on
moderate setback and- the highest
prices of the day and season were
touched late in the afternoon when
'May sold at 27.40, or 58 points net
’higher. That delivery closed at 27.37,
with the general market closing
strong at a net advance of 46 to 50
, points.
The market opened steady at an ad
vance of 5 to- 8 points. Stop orders j
were uncovered which soon sent the
market up to 27.00 for March and 27.20
for May. After their , execution the j
market showed'some uncertainty.
There was considerable realinzlng
and probably a little scattered South
ern hedging, and rather a reactionary
feeling appeared to be' growing in some
quarters. The volume of business
! tapered off materially on setbacks of
10 or 15 points, however, and the mar
: ket firmed up again during the aft
i ernoon on reports that the buying lim
its of the trade were being advanced,
! and that the higher prices had met no
’ increase in Southern spot offerings.
These teports combined with the
I comparatively small volume of liquida
I tion encountered above the 7 «ent level
: for May seemed to encourage more ag
gressive support during the afternoon
when January sold up to -26.118 and
! March 27.23, or about 45 to 53 points
! net higher on the general list. Com
mission houses with Wall street and
western concerns were reported active
buyers late in the day, and prices
closed within 2 or 3 points of the best.
; Manchester cables reported an increas
ed inquiry for cloths from India. Re
i ports from thel ocal cotton goods mar
ket said the advance in raw cotton had
I not stimulated the demand as- yet but
i that prices were very firm.
High Low Close
January.26.95 26.56 26.95
March .27.23 26.75 27.20
May .27.40 26.93 27.37
July .!.27.09 26.65 27.07
October.25.39 24.94 25.35
NEW ORLEANS COTTON,
NEW ORLEANS, Jan. 11.—The news
was generally favorable in the cotton
today or was construed that way, and
prices made new high record levels
for the season, March rose to 26.92 and
Octiber, the only active new crop po
sition reached 24.96. Ae these levels
prices were 47 to 49 points higher than
the closing quotations of yesterday.
Greatest strength was shown in the
late trading and the close was very
steady at net advances on the day of
43 to 47 points, March closing at 26.88
and October at 24.96, the top of the
market for that month. In the spot
department prices gained 12 points on
the day which carried middling to the
new high record price of 27 cents a
pound. ,
On the opening a conservative view
of foreign political developments was
takeiu-comment being especially favor
able regardjng events connected with
the near eastern situation. Early gains
amounted to 28 to 35 points after which
enough releasing was done by recent
buyers to cause recessions of 15 to IS
points. Around, noon the tone steadied
again and in the afternoon the market
became very active and strong.
Back of the late advance were re
ports that exporters Were in the local
spot market and claims of a better
£pot demand all around, especially in
Texas markets. The strength toward
the close was set down by some brok
ers as being due to expectations of
highly figures in the weekly statistical
statement -tomorrow.
. High
Sy..
| October .24.96
Low \CloS«
26.37 ' 26.81
26.46 26. SS
28.50 26.90
26.30 26.70
24.65 24.96
DAILY COTTON TABLE.
Port Movement.
New Orleans: Middling 27.00; receipts
7,544: sales 1,604; stock 240^405.
Galveston: Middling 27.25; receipts
4,865; sales 628; stock 867,129.
'- Mobile: Middling 26.50; receipts 52;
sales 15; stock 10,005.
Savannah: Middling 27.30; receipts
6B2; sales 1,504; stock 73,769.
- Charleston: Receipts 620; stock 62,
78Wilmington: Middling 27.00; receipts
113; stock 31,578. ■
Texas City: Stock 22,367.
Norfolk: Middling 27.25; receipts 1,
019; sales 1,95(1; stock 103,886. •
Baltimore: Stock 2,812. '
Boston: Middling 26.75; stock 7,900.
Philadelphia: Stock 6,32a.
New York: Middling 27.20; exports
663; stock 71,569.
Minor ports: Receipts 650; exports
550; stock 8,205. _ ,
Total today: Receipts 15,415; exports
1,21S» stock 1,008,131. .
Total for week: Receipts 102,819; ex
ports 92,915. , ... ...
Total for season: Receipts 4,238,938;
exports 2,916,400.
* Interior Movement.
Houston; Middling 27.20; receipts 3,
781; shipments 31,415; sales 1,198; stock
342 933
Memphis: Middling 27.25: receipts 8,
887; shipments 11,042; sales 4,300; stock
169 398
Augusta: Middling 27.31; receipts 279;
shipments 535; sales 63; stock 71,333.
St. Louis: Middling 27.00; receipts
849: shipments 8,824; stock 20,238.
Atlanta: Middling 27.25.
Little Rock: Middling 26.75; receipts
1,254: shipments 553; sales 727; stock
57.653. , . ...
Dallas; Middling 26.45; sales 3,064.
Montgomery: Middling 26.50; sales
8<Total today: Receipts 17,678; ship
ments 19,369; stock 661,550.
CHICAGO LIVESTOCK.
CHICAGO, Jan. 11.—Cattle: Receipts
9 000 active: beef steers Stockers, feed
ers and desirable beef heifers unevenly
stronger to 25 .cents higher; killing
duality rather plain; top matured
steers 11.85; weight 1,596 pounds; best
yearlings 11.75 weight 1.086 pounds;
several loads matured steers 11.50 to
1175- bulk beef steers 8.75 to 10.50;
several loads short- ted westerns 8.10
to 8.60; beef cows, canners and cutters
steady to strong; bulls largely 25 cents
higher- veal calves- about-steady; bulk
desirable canners S.OO- to 3.15; bulk de
sirable bologna bulls 4.85 to 6.26; bulk
beef heifers 6.50 to 7.75; bulk deslrabls
breal calves 10.60 to 11.00. j. «
Hogs: Receipts 5«,000; fully 10 high-.
&r- closing dull; bulk 150 to 210 pounds
iverage B.60 to 8.75; top 8.80; bulk,
to 300 pound butchers 8.45 to' 8.65*
. . . _ .4.1__ nnmsi 9luU At : 4a ft i
wlghty packing sows dull 7.25 te 7.65;
lesirable pigs mostly 8.25 to 8.60; hold
over liberal.
Sheep: Receipts 15,000; fat lambs
steady; top 15.00 to. packers and shlp
oers- bulk desirable fat Wooled lambs
14 25 to 14.75; clipped fed lambs 12.25
to'12 75; feeders active; bulk desirable
feeding lambs 14.5a to 14.60: some held
higher: fcobd ^00 ^©unA fed ysarllng
wethers 11.50; sh'eep steady 'to shade
tower; heavy fat ewes 5.00; lighted
weight iip to .8.50 paid for one load
strictly choice 11-0 pound ewes.. ,
NEW YORK MONEY MARKET.
NEW YORK. Jan. 11.—Call nioney
Irm: high 4; low 4; ruling rate 4; clos
ng 4;"offered at 4H; last loan 4; call
bans against acceptances 3H; time
oans steady; mixed collateral 60 to 90
lays 4 % to 4 %; four to six ‘ months
1% to 4%; rwpiraa commercial paper
H4 to 4^ , • • ‘-/:s ^
-i.
LIBERTY BOND PRICES
NEW YORK, Jan. 11.—United
States government bonds closing:
Liberty 3 94s, 101.12; first 4s, 98.90;
second 4s, 98.22 bid; first 494s, 98.74;
second 494s, 98.34; third 4^4s, 99.02;
fourth 494s, 98.74; uncalled victory
4 94s,' 100.24; United States govern
ment 4 94s> 99.96.
GRAIN
CHICAGO, Jan.. 11.—Uneasiness over
trans-Atlantic war possibilities as 'to
the domestic winter crop outlook led to
a fresh upturn today an the price of
wheat. The market closed Srm, 1 cent
to 194 net higher with May 1.2 0 94 to
1.2094 and July 1.1394 to 1.13 94. Corn
gained % to 94. Oats gained 94 tfl 194.
Provisions gained 7 to 12 cents. ,,
WHEAT—
Open High Low Kllose
1.19 94
1.12 94
1.08 94
.7294
.7294
.72
May
July
Sept.
CORN—
May
July
Sept.
OATS—
May
July
PORK
LARD
Jan. ..11.12
May ..11.45
RIBS—
, Jan; ..11.00
May ..11.20
1.20%
113 94
1.09 94
1.19.94
1.1294
1.0894
0
1.2094
1.13 94
1.09 94
.7394
-7394
.72%
.72 94
•72 94
.72
.72%
.7294
.7294
. . .4594
. . .42 94
Nominal.
.4694
.43
.451/4
■42 94
•4594
,42%
11.15
11.45j
11.10
• 11.37
11.15
11.45
11.10
11.20
11.00
11.15
11.10
11.15
SOUTHER A' aiLl. STnrK*
Quoted by R. S. Dlduon and: Company
Gajatonln, N. C^—Greenville, 9, V.
Corrected January 5, 1023.
dtocda
,HiQ I Alt
Acme Spinning Co. ..
Arcad'a MUj ...
American Spinning Co.
Am. Yarn and Froc. Co,.
Am. Karn and Proo. Co. pfd.
Anderson Cotton Mills .
Arlington Cotton Mills ....
Alagon Cotton Mills (S. C.) ,
Arcade Cotton Mills .
Arrow Mills.
Augusta Factory .
Belton Mills .
Belton Cotton Mills, pfd.
Beaumont Mtg. Co.
Bibb Mfg. Co.,.
.Brcgon Mills .
Clara Mfg. Co.
Clifton Cotton Mills.
Cabarrus Cotton Mills .....
Cabarrus Cotton Mills, pfu .
Chadwick-Hos. Co., (.par $25.)
Chadwick-Hos. Co., pfd ..
Cliiquola Mfg. Co. .........
Chitjuola Mtg. Co., Prd....
Calboun Mills .
Canning Mfg. Co...
Clover Mills .
Climax Spinning Co.
Crescen Spinning Co. ......
Columbus Mfg. Co., (ua.) ..
Converse, D. E, Co.
Darlington Mfg, Co.
D.xon Mills .
Drayton Mills .
Dresden Cotton Mills .
Dunean Mills .
Dunean Mills, pfd ...
Durham Hosiery, pfd --
Durham Hosiery “B” ......
Eastern Mfg. Co..
JitUtfxv «*r<i a noenix (.Ufc.) «.
Eflrd Mfg. Co. .............
Enterprise Mfg. Co. (Ga.) ..
Edwin Cotton Mills Co. ....
Edwin Cotton Mills Co. pfd
Flint Mfg. Co. .
Galffney Mfg. Co...
Gibson Mfg. Co. ...........
Globe Yarn Mills (N. C.) ..
Gray Mfg. Co. ... • • • • •
Greenwood Cotton Mills ..
Gluck Mills -•■•••.
Glenwood Cotton Mills
Grendel Mills i:
Grendel Mills, pfd. (par $o0)
Gramtevilie Mfg. Ca.
Hamrick Mills ......... • ■ t.
Hanes. P. H.. Knitting Co.
Hanes, P. H. Knitting Co. pfd
Henrietta pfd ............
Hillside Cotton Mills (Ga.)
Hunter Mfg. Co. 7 pet., pfd
Inman Mills ..
Inman Mills, pfd ..........
Jennings Cotton Mills ....
Judson Mills . . .
J uiieon Mills pf d .. ■ . ..
King, John P. Mfg. Co.
Lancaster Cotton Mills ....
Limestone Mills .
Linford Mills .
Lola Mfg Co. ••••••■•■.
Locke Cottort Mills Co.
Laurens Cotton Mills.
Marlboro Cotton Mills ....
Mills Mill . . .;
Mills Mill P.fd •;•••*;.
Monarch Mills (9. C.).
Mollohn Mfg. Co. ..
Musgrove Cotton Mills ....
Myers Mills.-.«...
Myrtle Mills ..
National Yarn Mills .
Newberry Cotton Mills ....
Orr Cotton Mills ..
Orr Cotton Mills, pfd .
Pari ,ale Mills ..
Pacolet Mfg. Co. ..
Pacolet Mfg. Co., pfd. ......
Piedmont Mfg. Co., (S. C.)
Pelzer Mfg. C9. • • • •
Perfection Spinning Co. ...
Poe, F. W. Mfg. Co.
ponsette Mills ..
Priscilla Spinning Co.
Ranlo Mfg. Co. ^.
Rex Spinning Co. ..
Rex. Spinning Co., pfd ....
Riverside Mills (par $12.50)
Riverside and Dan River . .
I verside and Dan River, pfd
Rowan Cotton Mills Cf0. ..
Roanoke Mills, 1st pfd ......
Roanoke Mills, 2nd pfd .$,...
Rosemary, pfd ..... • • • • ..
Rhyne-Houser Miff. CO. <«.•••»
Seminole Cotton MU*® Co.
Sibley Mfg. Co. (Ga.) .
Spartan Mills ••••••;•.
Sterling Spinning Co.
Superior Yarn M.lls ......... .•
Toxaway Mills (par $25.00) .,
Union Buffalo Mills.
Union Buffalo Mills, 1st pfd ..
Union Buffalo Mills, 2nd pfd..
Victor-Monaghon Co. ........
Vlctor-Monaghon Co., pfd..,.
Victory Yarn Mills Co..
Victory 8 per cent., pfd.
Ware Shoals Mfg. Co.
Watts Mills, lstpfd....
Watts Mills, 2nd Pfd .
Wingate Yarn Mills Co.
Wiscassett Mills Co....;
WUllamston Mills .....,.....
Woodside Cotton Mills ......
WoOdside Cotton Mills, pfd ..
Woodruff Cotton Mills .
| 106
220
124
265
118
103 105
130
200 251
2301_
.... 97
1221 126
641.
62_
sa
2401
ISO_
1121 116
1011
1291 132
1301.
1021 106
15
102
204
831
150
12
98
170
122
195
130
93
113;
66
229
133
99
80
IS
90
18
104
ISO
126
211
132
97
235
137
86
21
96
HOl loj
1471_
80 90
115_
103| 108
165
94
63
250
91
105
62
210
115
132 ..
1901.
124,.
47 .
1201 130
140
15
104_
106
225
100
110
100
229
100
180
225
140
92
95
160|
121
90
100
125
122
81
108
170
137
110
94
123
182
100
136
137
92
126
114
60
125
84
10%
16%
109
250
100
235
130
200
94
100
92
235
129
127
87
72
175
142
114
96
131
186
138
140
94
129
117
64
86
11%
81.0|...
102
104
103
’ 98
105
102
57
183
126
98
36
55
90
4S
113
109
92
100,
170
85
94
73
150
130
135
89
160
104
111
100
101
100
107
61
165
10J
92
49%
115
96
100
81
141
91
170
foreign exchange.
NEW YORK. Jan. 11.—Foreign ex
changes irregular; quotations in cents:
Great Britain, demand, 4.67% ;. cables
4.67%; 60-day bills on banks 4.66%;
France, demand 0.66; cables 6.89%;
Italy, demand 4.98%; cables 4.97; Bel
gium, demand 6.82; cables 6.32%; Ger
many," demand ,0097; cables .0096; Hol
land; demand 39.67; cables, 39.71; Nor
way, demand 18.67; Sweden, demand
26 94; Denmark, demand 29^3; Switzer
land, demand 18.92; Spain, demand
15 74; Greece, demand 1.22; Poland, de
mand .0062; Cisecho Slovakia, demand
2.87; Argentine, demand 87.87; Brazil,
demand 11.50; Montreal '89 11-32.
DRY GOOfl*-MARKET.
NBW TORK, Jan. 11.—Cotton goodrf
were more active in unfinished lines
and in bleached cottons today. Job
bers were buying again. Yarns ruled
firm. Raw silk wus slightly easier in
the lofcal markets. Burlaps were fair
ly steady." Wool goods ruled firm. With
more buying reported among staple
goods iobbeis. Knit good* wjsra
Steady. - : ..
STOCKS
NEW YORK, Jan. 11.—Stock price*
continued ■ their rise-to higher ground
in today’s market, which was featured
by another series cT bullish demon
strations- in special shares.
Acvtual occupation of. Essen by the
French troops caused further selling
of French bonds, but good buying sup
port, limited the losses to a point or
less. Stock market trailers were still
inclined to look upon the foreign ex
changes as the true barometer of Eu
ropean banking opinion on the repar
ations situation.
California Petroleum continued- as
one of the market features, reaching
another new record top at 80%, Cosden
also reached a new tog on the move
ment at 55%, buying being influenced
by publication of statistics showing
earnings of approximately $10 a share
last year. Postum Cereals was run
up to 126% on rumors of a stock divi
dend distribution.
Nash Motors furnished the widest
fluctuation. Fisher Body was run up
to 212%. Other strong specialties, most
of them objects of pool operations-,
were Loose Wiles Biscuit, Hartman
Corporation, Woolworth, Kelsey Wheel
and Mack Truck.
Baldwin and Studebaker were 2 of
the most active shares on the big board.
United States Steel common closed %
higher and Crucible 1, with the other
independent steels showing only nomi
nal changes.
Reports that the St. Paul Railroad
had sustained another deficit in 1922,
and speculative uncertainty over the
Delaware and Hudson Railroad divi
dend had a restraining and depressing
effect on trading in railroad shares.
Demand sterling got up to $4.67%,
or nearly 2 cents above yesterday’s
close, but eased off to $4.67% in later
dealings. French francs held steady
around 6.90 while the Belgian and
Italian rates showed little change.
German marks sold at .0095 cents.
South American exchanges were slight
ly better. The Canadian dollar was at
a discount of slightly less than % cent.
Days’ total sales, 796,000.
Twenty industrials averaged 98.12;
net gain .83. ^
High 1922, 103,43; low 78.59.
Twenty railroads averaged 84.59; net
loss .26.
High 1922, 93.99; low 73.43.
NEW YORK STOCK iJST.
Name.
~[High| Low
Allied Chem. and Rye
Am. Can.
Am. Car and Foundry
Am. H. and L., pfd ....
Am. Inter. Corp.
Am. Locomotive .
.Am. Smelt, and K.
Am. Sugar.
Am. Tel. and. Tel.
Am. Woolen ..
Anaconda Copper
Atchison... •
Atl., Gulf and W. I. . .
Baldwin Locomotive
Baltimore and Ohio ..
Bethlehem Steel "B”
Canadian Pacific ..
Central Leather .
Chandler Motors .'....
Chesapeake and Ohio
Chic., Mil. and St. P. ..
Chic.. R. I. and P.
Cooa Cola .
Corn Products .
Crucible Steel .
Cuba Cane Sugar ....
Endicott-Johnson ....
Erie .
Wamous P.-Lasky....
Gen. Asphalt.
Gen. Electric.
Gen. Motors.\ ■ .
Great Northern pfd ..
Gulf States Steel
Inspiration Copper . ..
Int. Mer. Marine pfd ..
Inter. Paper .
Invincible Oil.. • •
Kelly-Springfield T. ..
Kennecott Copper
Middle StateN Oil -
Midvale Steel .
Missouri Pacific .
N. York Central.
N. Y„ N. H. and H. ...
Norfolk and Western
Northern Pacific .
Okla. Prod, and R. ...
Pacific Oil .
Pan-Am. Petroleum ..
Pennsylvania .
Pure Oil .
Reading ..
Rep. Iron and Steel ..
Royal Dutch, N. Y.
St. L. and San Fran. ..
S. A..L.-.
Sears Roebuck .
Shell Trans, and T. .. .
Sin. Oil and Refining
Southern Pacific .
Southern Railway ..
Southern Ry. pfd • • • ■
S. Oil of X. J-, pfd
Studebaker Corp. . .v .
Tennessee Copper
Texas Co.
Texas and Pacific ....
Tobacco Products ....
Transcontinental Oil
Union Pacific .
United Fruit .
U. S. Ind. Alcohol
U. Retail Stores ..
U. S. Rubber .
U. S. Steel ...
U. S. Steel pfd.
Utah Copper .
Vanadium Corjj.
Virginia Caro. Uhem.
Western Union .......
W. Electric ..
Willys-Overland .
Chino Copper ..
Miami Copper .......
Ray Connsolidated . .
Reynolds Tob, ‘‘B” ...
■ 74%
83%
182%
11%
2 6 Vi
125%
55%
77%
128%
94%
49 V
100%
21%
135 y*
41%
63
143 %
33%
68%
73
21%
32
79%
127
69%
13%
91%
11
S9%
47 ■
1S1
14%
74
79%
34%
44%
53
15%
49
36%
12%
28
16%
94
20%
110%
73%
2
47%
89
46%
28%
78
48%
51%
21%
5%
87%
38
34%
88
25%
65
117%
115%
12%
48%
21%
53%
12%
137%
U54
67%
78%
57%
106%.
122%
64%
36%
28%
113
60%
8
26 %
27%
14%
48%
73%
80%
182
11%
26%
124
54%
77%
122%
94%
48%
100%
21%
132%
41%
62%
142 %
33
67%
72
20%
31%
78%
125%
68%
13%
88 %
M0 %
86%
45%
ISO
14%
73 %
78%
34
43%
51
15
47%
36
11%
27%
16%
93%
20%
110
73%
1%
46%
86%
46%
27%
77%
48
51%
21%
5%
87%
38
33%
87%
24%
64%
117
113%
11%
47%
20%
52%
12
136%
153%
65%
72%
56 '
106%
121%
63%
36%
23%
110%
59%
7%
26
26%
13%
48
Last
74%
82%
182%
11%
26%
124%
55 %
77%
122%
94%
43%
100%
21%
135 -
41%
62%
143 ^
33%
67%
72%
21%
32
79
127 :
69%
13%
89%
10%
89%
46%
181
14%
74
78%
34%
44%
52
15
48%
86%
12%
28
16%
93%
20%
110%
73%
47%
89
46%
28%
77%
48
51%
21%
6%
S6%
38
34%
8*
26%
65
117
115%
11%
: 48
21%
53%
12%
137
154
66%
73%
57%
106%
122%
64%
36%
23%
113
60
7%
26
27%
13%
48%
NEW YORK COTTON LETTISH.
NEW YORK. Jan. 11.—Today’s cotton
market felt the influence of trade de
mand pluB stop loss orders and buying
for a rise, Frances invasion qf the
Ruhr was taken in the beginning to be
a probable bearish influence upon the
price of cotton therefore it was felt
that today’s market would be lower in
consequence. Contrary to the unex
pected demand set in from the megln
ning first moderately on the influence
of strong cables but chiefly on account
or# trade buying from the opening of
the market. Buying fate in the after
noon indicated more of an action for
speculative account. Consequently the
character of buying that brought final
quotations which were the highest may
not be regarded as of a particularly
healthy nature. However the impetus
prices have received may have the ef
fect of brining in strength overnight.
But the advtince has been sharp and
another trading level if not a^sharp
reaction' may be anticipated should a
further rise take place immediately.
There la no doubt about the underly
ing strensth of cotton from tae supply
situation, but the market is called upon
from time to time to digest trade and
speculative operations, which may be
expeoted just as much undel the pres
ent condition of supplies as would be
the case were Supplies larger. Domes
tic dry goods markets reported good
business continuing at unchanged
prices. March Liverpool due Friday
ORVIS BROTHERS AND COMPANY.
JACKSONVILLE NAVAL, STORES.
JACKSONVILLE, Fla.. Jan. 11.—Tur
entfne Arm 1.45; sales ,601; receipts
62: shipments 160; stock 20,o40.
Rosin firm; sales 1,350; receipts 673;
hluments 2,290;- stock 191,349.
~ ' “*’4; K, 4.90; M, 5.36;
mpiUWU ‘■’“n ' a ant f
Quote: B to O, 4.87J4; —, —
r, 5.70: WG, '5.95; WW, 5.76.
' COFFEE AND SUGAR.
NEW YORK, Jan. 11.—Spot coffee
lrm; Rio 7s ll% to 1194; Santos 4s
l°Spot* sugar active, Cubas 5.34 for
sentrifugai. Refined sugar unchanged
i.90 for fine granulated.
A
J■
I
0. S. DEPARTMENT AGRICULTURE
WEATHER BUREAU
Wilmington, N. C., Jan. 12, 1922.
Meteorological data ror tne 21 hours
ending at 8 p. m. yesterday.)
Humidity Record
Dry Wet Relative
bulb bulb humidity
temp. temp, per cent
8:00 a. m. 32 29 71
12:00 noon. 48 43 64
8:00 p. m. 52 48 71
Temperature: Maximum, 53; mini
mum, 30: mean, 42.
Rainfall: Total for the day, .00; total
since first of the month, 1.0k.
Sun rises .....7:18 a. m.
Sun sets .5:22 p. m.
Wilmington
Masonboro Inlet
ftihl TahSw
High
..... 5:48 a.m.
6:09 p.m.
3:24 a.m.
3:42 p.m.
' Lon
12:36 a.m.
1:12 p.m.
9:62 a.m.
10;0S p.m.
Stage of river at Fayetteville at S
n. m. yesterday 12.6 feet.
WRATH UR BUllE At R EPOltTS.
ri'ATIOS.-r—
Temperature:
' 2c ■
Asheville ... .pt cldyi
Atlanta .;.clearl
Birmingham . . .claarj
Boston .cloudy
Charleston .... .clear
Charlotte . .. .-pt cldy
Jacksonville ...clear
Memphis .clear
N. Orleans.clear
Xew York ...cloudy
Raleigh .clear
Savannah.clear
St. LiOui3 .clear
Washington ...cldy
NEW YORK BOYDS
Foreign Bonds.
Argentine 7s .■••••••
Domin. of Canada 5ViSr 1923 *•
French Republic 7%s ..
Kingdom of Belgium 7y,s .. ....
Kingdom of Denmark 6s.
Swiss Confederation Ss
Un. King of G. B. and I. £>%», 1937
U. S. of"Brazil 8s
U. S. of Mexico 5s
Railway and Miscellaneons Bonds.
American Agrlc. Chem. 7%s .... 103
American Smelt, and Ref. os
American Sugar 6s
American Tel. and Tel. cv. 6s
Atchison gen. 4s..•••••
Baltimore and Ohio cv. 4%s
Bethlehem Steel ref os -
Central of Georgia 6s ---
Central Leather os ...
Chesapeake and Ohio cv. 5s ...
Chicago, B. ami Quincy ref. os .
Chic., Mil. and St. P. cv. 4 As
Chic., R. I. and Pac. ret. 4s .
Chile Copper 6s . ..
Colorado and Southern ref. 4 VI
Denver and Rio Grande imp. os.
Erie gen. 4s •■•••• • • • ..
Goodyear Tire Ss, 1031 .
Illinois Central ref. 4s.
Int Mer. Marine 6s ••••••.
Kalis. City Southern ret. 6s . ..
Tiie'e'ott and Myers os ••••••***
LoufsviUe and Nash. ref. •
Mo. Kan. and Tex., pr. lien. o. .
Missouri Pac. gen. 4s .. .
New York Central deb. $s .
Norfolk and Western cv. os ...
Northern Pacific 4s,.
Pennsylvania gen. 5s .
Reading sen. 4s ■■■'
S't. L. and San Fran. id], bs •
Seaboard Air LJne con. 6s.
Southern Bell Tel. 6s ..
Southern Pacific cv. 4s .
Southern Railway 5s ..
Souther.i Ranwi y « Vs-.
Texas and Pacific Isl os .......
Union Paolflo 4s ......
U S. Steel os ..
Virginia Caro.,Chem. 7y2s .
Wabash 1st 5s ...
Wilson and Co. .
Seaboard Air Line 5s.
Southern Railway 4s .... •
92
103
lie
59
79
98
101
99
9 5
100
63
87
75
.43
99
86
90
S8
9S
104
82
02
3 04
m
S5
101
so
70
60
95
5-1
y«
301
96
91
103
93
98
102
2.4
84
% !
NEW YORK BONDS.
NEW YORK, Jan. 11.—Chief Interest
in today's bond market centered in
the rapidity with tak£!
$50,000,000 m new a™
ud Books were closed on the $3o.000,
000 issue of new Bell Jel OOO
Pennsylvania 5s and the $13,87^.00(1
pslue of Baltimore and Ohio 5 per cent.
eauiDme^t trust certificates.
^Further selling of French security
took place on the New York stock ex
change. Serbian 8s dropped to 63 H.
Czecho Slovakian Ys, Mexico 5s and
City of San Paulo 8s, Mexican 4s and
Queensland fie moved upward.
w Except for a drop of 18 cents on $100
in the first 414s, United States gov
ernment bonds showed little changre.
Uncalled victories gained 2 cents and
the other active Issues lost 2 to 6 cents.
Speculative railroad mortgages were
inclined to sell off, loss of a point e,ac.^
being recorded in Hrie consolidated 4s
and 7s and New Haven 7s and
Fr#pne°cul7at'ive belief that Brooklyn
Rapid Transit note holders would profit
under the reorganization plan found
express ih some good gams in that
group. Chile Copper 6s made a new
high and the 7s climbed more than 2
points while Cuba Cane convertible ,s
Jnade up their 2 point loss of yesterday
and International Cement 88 and Lonl
lard Tobacco 7s gained a point each
International Paper 6s, Series A and
B, were week. .,
Total sales,- par value / were $13,
028,000. ' _
gold-plated auto
When you see a yellow-trimmed au
tomobile on the streets, don’t think it
has brass fittings. It may be the $25,
000 auto with gilt fittings, ifiade. by. an
Indiana -firm. - ■
Shipping News,
vessels in port.
Sohr. City of Baltimore (Am.). 386
tons (in distress). C. D. Aiafiitt and
company. - — -
. Schr, Fred W. FUrlow (Am.). Cap
tain "Mitdh'ell; loading steel at Carolina
shipyard; consigned to C. D. 1/affitt
and company.
Str. Aquarius. (Am.); Capt. Taylor,
with 5,000 tone potash salts, discharg
ing, at, Seaboard .terminals; consigned
to Heide and company.
Wilmington Markets
NAVAL STORES.
SPIRITS TURPENTINE—Nothin* do
ing.
ROSIN—Nothing doing.
PINE' TAR—-Per gallon 15c.
PINE TAR—in country pine b^re'.f
CRUDE TURPENTINE—Virgin and
yellow dip 55.35; scrape 51.25.
PRODUCE.
CORN—51.10 %.
BEEF—6c to 8c.
VEAL—'la to 9c.
PIG POR|.—Small pjgs 12c to 13c;
large 10c to 11c.
BACON—(N. C.)-—Hams 30o to 35c.j
sides and shoulders. 18c to 20c.
CAKE TALLQW—6o.
BKESWAX—-20c. , *
HIDES—5c to. 6c. .
EUGS—Country 3oq to 37c.
YOUNG CHICKENS—25c to 2So lb.J
hens 22c; roosters 18c to 20c. lb.
BUTTER-—No sales. .
IRISH POTATOES—No. 1, 52-75 to
52.00 bag.
SWEET POTATOES—19 to 500.
CABBAGE—2c to 2 (i0.
PEANUTS,.
Prices nald producer:
Nortn Carolina—New crop, $1.50.
Virginia—New crop $1.00.
Virginia Jumbos, $1.05.
Spanish—New crop, $1.70.
PETERSBURG PEANUT MARKET.
(Reported by Rodgers, Plumber & Co.,
Incorporated )
Spanish, farmers' si tele. Market
firm, $^.05 per bushel.
Virginias, Farmers it.'Jk. .Market
firm.
Fancy Jumboes—6%o to 7%o per lb.
Prime Jumboes—6c to 6 14 per lb.
Virginia Runners—First grade 6a _
per lb.
Virginia Runners—Second grade 5V4c
per lb. _
Shelling Stock—4 Ms to Per lb.
FEDERAL RESERVE STATEMENT.
WASHINGTON, Jan. 11.—Combined
resources and liabilities of the 12 fed
eral reserve banks at the close of bus
iness January 10, were reported to
night by the federal reserve board in
thousands of 'dollars a* follows:
RESOURCES!
Gold and gold certificates ....$ 281,300
Gold settlement Ttmd, federal
reserve board . 543,338
, Total gold held.by banks ..$ 824,63S
Gold witt F. R. agents. 2,186,194
Gold redemption fund .. .... 51,87,3
Total gold reserves .$3,063,705
Reserves other than gold .... 124,509
Tbtal reserves....
Non-reserve cash .
Bills Discountedl
Secured by U. S. government
obligations...
Other bills discounted .
Bills bought in open market..
$3,187,214
92,16.5
$ 281,996
230,053
225,760
Total bills on hand .$
V. S. bonds and notes.
U. S. certificates of indebted
ness . . ... ..
Municipal warrants .
737,809
175,709
332,467
24
Total earning assets .
B&nk premises .. ..' .
Five per cent. redemption
fund against F. R. bank
Uncollected items .
All other resources '.
$1,241,009
52,451
911
606,541
14,945
Total resources .$5,193,255
LIABILITIES:
Capital paid in ..$
Surplus . 218,00J
Deposits: '
Government". ...... -- • •*,' « *?«
Member banks reserve acct.. 1,960,346
Other deposits .. ... bZ.&Al
Total deposits . 2,019,876
F. R. notes in actual circula
tion .,. 2,312,674
F. R. notes in circulation not
liabilities...
Deferred -availability items.. o31,667
All other liabilities. 10,J’is
Total liabilities . ..:.$5,193,255
Ratio of total reserves to deposit and
F. R. note liabilities combined 73.6
rjer 'cent.
HARDWARE
BLAKE- BROWN CO.
j 29 Princess Street
ELECTRICAL SUPPLIES
Phone 232
For Sale—Special
Abruzzi and Southern
Tested Seed Rye
$1.50 Per Bushel, sub
ject to stock
D. L. GORE CO.
RED CROSS MATTRESSES
•JOL.D BY
W. MUNROE & CO.
FURNITURE
15 S. Front St.
ICfrOl STr?**’*' Worth Alwn-v*
Tax Exempt Preferred Stocks
Paying from 7% to 8%
We offer, subject to sale, and recommend the following
High-grade, Tax-free, Preferred Stocks:
Hunter MfK. and Commission Co., 7 Per Cent Preferred, at 10# and -
fltoneratte* Mills Co., T Per Cent Preferred, at 10® and Interest.
' Rosemary Mfg. Co., 7% Per, Cent Preferred, nt 101 and interest.
• Tide "Water Power'Co*-8 Per Cent Preferrod, nt 100.
• • ■ ' ■_
We are- prepored to buy or sell Government Bonds, all issues; also
Standard'Oil of tfew York, of Nebraska, of Indiana,opd of New Jersey;
also Vacuum Oil. None of these stocks will ms handled on margin, but
on a strictly cash basis.
C. P. BOLLES & CO.
Telephone No. 26 606 Murchison Bldg.,