NEAR EAST CRISIS
PRESENTS PROBLEM
TO CITY OF SALONIKI
Town is Thronged With Greek
Refugees Fleeing Before
Advance of Turks
Saloniki. ssrfely outside Doth eastern
a.;j western Thrace, but near ’enough
tll those troubled regions of Greek and
Turkish rivalry to be in easy reach of
refugees, has had a tremendous prob
lem thrust upori her, dispatches state,
by the tens of thousands of Greeks who
Cocked there both by land and sea.
■Saloniki does not stand at a great
w old cross-roads, and its name, there
fore, is not so familiar as that of Con-'
stantinople,” says a bulletin in regard
to the city, issued from the Washing
ton, D. C., headquarters of the National
Geographic Society. "In past and pres
et Importance, however, it is second
only to its great sister of the straits.
Named For Alexander's Sister.
Salonika too, reaches for back Into
tho past. Cities rose and fell on its
site more than half a millennium be
fore Christ: and the present town was
founded before 300 B. C. Its rather
queer name represents the last three
syllables ill the name of Thessalonike,
halt sister of Alexander the Great. It
Incan,e a "Little s‘ Rome’ during the
heiath of that empire’.# power; a free
, :ty, capital of the surrounding region,
jViiiVtin- home of many Roman - colonists.
i-|u lived there for a time in exile;
,\Yrn and Trajan decorated the city;
jnd it was the temporary home of the
Kinperors Galerius, Licinius, and Theo
aosiUS.
“Under the Byzantines, Saloniki was
l ie second city of the empire; and It
bas remained ever since the rival of
• iic City of the Straits whether the lat
ter lias been called Byzantium, Stam
tjntl. or Constantinople. Saloniki
might be called ‘the extension .univer
sity of the near east’ for from there
went forth St. Cyril who carried to the
Slavic world to the north the Cyrilic
alphabet in which its literature has
I,, en wrought.
Xerxes’ Soldiers Trod Highway.
"it is not surprising that so ancient
a city should contain interesting relics
, f its past. What is surprising is that
t iiese should be so littlo known to the
•a nrld.
' The oldest and most accessible of
Saloniki's antiquities is the street of
the Vardar which cuts the city in two
at the foot of its hill. It is a part of
tlie old Roman highway from the
Adriatic to the Bosporus, which earlier,
-till was the Royal Way of the Mace
..ntiian kings.
The street is not particularly im
posing. There is little to remind the
beholder of the Janissaries of yester
day, the Roman legions, the phalanxes
of Alexander, and the immortals of
Xerxes, all of whom troj its surface.
And if you would dream of these
marchers of the past you must do so
tn the somewhat incongruous clang of
an American electric car, driven by a
modern Greek or a Spanish Jew, under
the Roman Arch which spans the street
uf the Vardar.
One of World’s Finest Mosaics.
“The finest remains of the city are
• Im twenty-two churches which some
Imw survived the turbulent Middle
Ayes. There they stand turned back
into churches after five hundred years
of use as mosques. They illustrate
the story of Byzantine architecture
more beautifully in certain ways than
do those of Constantinople. One espe
cially interesting fact in connection
with these churches is that they make
among them a museum of the lost
Byzantine art of mosaic. NdwJtere
else are such beautiful examples of
mosaics of this period seen, save in
Constantinople and Ravenna. The
finest of mosaics in Saloniki, and one
of the finest in the world, is in the
dome of the Church of St. George.
"Once ruled and built by Rome, and
later by Venice, and numbering among
its inhabitants Greeks, Serbians, Al
banians, Bulgarians, and Turks, So
niki's atmosphere may be said to
have been compounded from that of
every adjacent nation. But It reaches
<t i 11 farther afield, and has an impor
tant contact with Spain. One of its
largest racial elements consists of
Spanish-speaking Jews whose ancestors
were driven from Spain by Columbus’
royal patrons.
' One must not think of Saloniki as a
m w Grecian acquisition far from the
heart of Greece. One pould maintain
that it is the very heart of Greece; for
just across the bay, ever in sight from
its hills, towers Mt. Olympus, inspira
tion of the life and literature of old
i' reeee.”
Sunshine Laundry Damp Wash Ser
vice. Call 172.—Adv.
NEW, YORK BONDS.
_ _ N LW YORK, Jan. 12.—A.ward -of tfi.
$50,000,000 Cuba 5t4 per cent, bond
wsue to a syndicate beaded by J. p.
Morgan and company with a bid of
il'Jl °/ more than 3 points above its
nearest competitor; marked strength
of Brooklyn Rapid Transit securities,
“‘"L®1, »rices for United States govern
ment bonds and irregularly higher
in,‘ ths general list were the
chief features of today’s bond market,
t5 ofx^ tc? points were regis
,y Dominican Republic 5V4s,
Zurich 8s and Mexican
ii® the French bonds improved
fractionally. Serbian 8s dropped to
another new low record. United
Brazil 71^s touched 97ft,
tt i.r itigitest price in over a year ana
kingdom 5fts of 1919, duplicate
eu their previous high record.
united States government bonds with
the exception of the new 4fts which ad
vanced 4 cents on $100 were" reaction
first ts dropped 26 cents and
tn? third and fourth 4fts 16 cents each,
while the other active issues register
ed losses of 6 to 10 cents.
Brooklyn Rapid Transit securities
were active and stronger on the Suppo
sition that the reorganization plan was
fuyorable to note and security holders,
Other Public utilities also were in good
demand.
Chile Copper 7s and 8s each soared
to new high records. International
Cement 8s, which are convertible into
stock at 33 1-3 were pushed up. Win
chester Arms 7fts, Republic 5s and
Union Tank 7s all .pioved up. Bethler
hem Steel 5s, Remington Arms 6s and
general electric Breach yielded a point.
A break of 3 points In New Haven 6s
! were founded on publication of statis
tics showing that only had the road
failed to earn fixed charges last year
but that the profit and loss deficit had
been run up to $46,000,000.
Rio Grande 4s dropped 2% points
and Delaware and Hudson convertible
5s 1. St. Paul issues yielded fractional
ly. West Shore 4s, Seaboard Air Line
consolidated 6s and St. Louis and Iron
Mountain 4s were among the few
strong spots.
New offerings today were inexcess of
$30,000,000, good absorption was report
ed of the early maturities of the $10,
000,000 state of North Carolina 4'A
per cent, bonds.
Total sales, par value $13,482,000.
weekly Cotton review.
NEW YORK, Jan. 12.—Early week
reactions in the cotton market were
followed by advances which carried
prices into new high ground for the
season. Nervousness and uncertainty
over the situation as to war reparations
and European political conditions gen
erally had a disturbing effect during
the earlier part of the week and on
Monday May contracts here sold at
26.52. Rallies appeared to meet in
creased offerings as prices approached
the 27 cent, level, but they were ab
sorbed on comparatively moderate re
actions and a wave of general buying
started on Thursday which carried the
market rapidly upward, with May sell
ing at 27.79 during today's trading.
The occupation of Essen by tha
French without any apparent disturb
ance and the better tone which devel
oped in the foreign exchange market,
evidently promoted a more cheerful
feeling over European affairs, while
the buying’ movement was stimulated
by better trade reports from Liverpool.
Private reports were confirmed to
some extent by official cables from Liv
erpool to the cotton-exchange, describ
ing the Manchester cloth market as ac
tive and this morning’s advance in the
market here was accompanied by re
ports of both foreign and domestic
trade buying. The census .report of
Monday showing 9,598,907 bales ginned
up to January 1, was considered lust
about in line with previous estimates
of the crop and had no effect on the
market.
The late week advance, however, may
have been influenced to some extent
by reports of continued mild winter
weather in the south and deficient rain
fall in the west as unfavorable pre
liminary new crop features Todays
week end figures showed a falling off
in spinners takings which contributed
to reactions and there were also re
ports that private .returns indicated
smaller domestic mill consumption for
December than November.
COTTONSEED OIL.
NEW YORK, Jan. 12.—Cottonseed oil
hitrher earlv. with cotton, but sub*
was higher early, with cotton, but sub«
seauently eased off; under selling
local refiner and for want of outside
support. Leading months closed un
changed to 1 point net lower. Sales
14,400 barrels. Prime crud® .9-j
sales; prime summer yellow, spot 19.60,
January 10.75; March 10.96; May 11.17,
all bid.
SUGAR AND COFFEE. .
NEW YORK, Jan. 12.—Spot coffee
firm; Rio 7s 11%; Santos 4s 15% to
15Raw sugar unchanged spot Cubas
5.34 for centrifugal. RetoeO sugar
unchanged; fine granulated 6.90.
HARDWARE
BLAKE-BROWN CO.
129 Princess Street
'electrical SUPPLIES
fhone 232
^h'Hnsurance t
►
te^iHATs an
‘ O'n'gtOI1
r
Statement of Condition of
The Murchison National Bank
of Wilmington, N. C.
At the Close of Business December 29,4922
RESOURCES,
Loans arid discounts ...••••.
Customers’ liability acceptance 4 •
U. S. bonds ..... • • ..*?/ • *
Bank building .. . v . .... • • • •
Bonds and other securities .. •
Cash and due by banks . • ■
TOTAL . • ... . •
LIABILITIES V
Capital stock .. . • '•••..
Surplus and net .profits .* v • '
Reserved for taxes ../. •.......... • • ;
Circulation . ....
Acceptances <••• ;
Rediscounts with federal reserve bank.
Deposits ..... • + • •
, .$. 9,252,952.19
., 190,000 00
, . ^ 800,650.00
.375,000.00
.... 94*000.00
. s 3,977,703.79
..$14,690,305.98
.$ 1,000,000.00
. 1,138,267.69.
: 65,293.11
615.000. 00
190.000. 00
675,778.55
; 11,005,971.63
rir ■ : •
TOTAL ...
• /• f.* ■ #,
. $14,690,305.98
* .
News of Markets—Cotton-Money -Grain-Stocks
COTTON
■ . .; r.—•’
NEW YORK, Jan. 12.—There was a
further excited advance in the cotton
market today wljich carried the price
of May contract lip to 27.90 or 42 points
above the close of yesterday and 127
j points above the low price touched on
tne reaction of last Monday. Realizing
became heavier above the 27.75 cent
level, however, and prices eased oil
l latey, with May closing at 27.64. The
general market closed steady at net
advances or 12 to 23 points.
The market opened lirm at an ad
vance of IS to 3a points on the higher
1 Liverpool cables, reports of a nrmer
tone in foreign exchange rates, and
reiterated reports of a better Manches
ter trade. After showing net advances
of about 27 points, the market eased
slightly under realizing but heavy
selling orders were absorbed and prices
turned up again late in the morning
owing to continued trade buying, cov
ering, and abroadening commission
house demand. January advanced to
27.39 and March to 27.61 with active
i months generally showing net gains of
I 40 to 44 points, before this buying was
supplied. The demand then tapered
off somewhat and the afternoon reac
tions were promoted by rather less
bullish week ehd figures, than expect
ed and rumors that private returns
showed a falling off in domestic mill
1 consumption for December as com
pared with November. January sold
'down to 27.13 and March to 27.34, but
the close was 4 or 5 points up from
the lowest and the final tone of the
market was steady. Private reports
were received this morning stating that1
India was buying cotton goods in larg
er quantities .and paying higher prices
in Manchester. These advices were
followed by the official cable from
Manchester to the local cotton exchange
reporting an active, business in clotns
and houses with Liverpool connections
| were said to have been good buyers
! here during the morning. Spinners
takings for the week as reported b.»
the New York cotton exchange were
274,641 compared with 360,475 last week
' and 210,470 last year.
High Low Close
January .27.39 27.13 27.18
March ...27.61 27.34 27.39
May .27.79 27.50 27.54
July . 27.49 27.22 27.25
October .25.76 25.51 25.65
NEW ORLEANS COTTON.
NEW ORLEANS. Jan. 12.—During
the early session in cotton today strong
bulges featured the trading but after
mid-session there was much liquida
tion, causing moderate reactions. New
high record levels were reached by all
months in the contract market, March
trading as high as 27.30. Spots went
to new high records, 27.38 for middling.
On the close the contract market
showed net gains for the day of 15 to
20 points with March at 27.03.
General buying opened the trading of
the day, buyers being encouraged by
a much higher Liverpool than due,
further reports of more business in
Manchester and a lack of anything
alarming in the foreign situation. The
advance continued until trading posi
tions were 42 to 44 points up but after
the first of the week end statistics ap
peared the upward movement was
checked and the second half of the ses
sion brought recessions of about a dol
lar a bale at their widest.
Expectations were for very large mill
takings but Hester counted takings of
American cotton by the world at 265,
000 bales against 361,000 last week and
282,000 this week last year. Selling
was heavy for a while following the
posting of statistics but the market
was steady .on the. close qwing to evi
dence of a'good spot demand in the
interior. Total spot sales in the mar
kets of the South today were counted
at 23,521 bales agtxnst 15,163 yester
day.
High
January .,.27.21
March ..27.30
May .27.34
July ••..27.13
October ..*.25.40
Low
27.00
27.00
27.06
26.85
25.10
Close
26.92
27.03
27.07
26.90
25.15
DAILY COTTON TABLE.
Port Movement. »
New Orleans: Middling 27.38; receipts
5,186; exports 8,000; sales 2,913; stock
225 298.
Galveston: Middling 27.45; receipts
3,704; sales 1,507; stock 368,793.
Mobile: Middling 26.75; receipts 451;
exports 300; sales 227; stock 9,856.
Savannah: Middling 27.50; receipts
161; sales 182; stock 73.545.
Charleston: Receipts 775; stock 63,524.
Wilmington: Receipts 161; stock 31,
739.
Texas City: Receipts 1,185; stock 21,
704.
Norfolk: Middling 27.44; receipts 902;
6tock 2,435.
Baltimore: Stock 2,812.
Boston: Middling 27.20; receipts 1,922;
stock 7,467.
Philadelphia: Stock 6,361.
New York: Middling 27.45; exports
650; stock 71,166.
Minor ports: Receipts 8,212; exports
7,487; stock 8,930.
Total today: Receipts 22,659; exports
16,437; stock 995.788.
Total for week: Receipts 125,478; ex
ports 112,566.
Total for season: Receipts 4,261.597:
exports 2,935,851.
Interior Movement.
Houston: Middling 27.35; receipts 5,
567; shipments 13,385; sales 3,967; stock
335,117.
Memphis: Middling 27.25; receipts 1,
625; shipments 3,611; sales 4,900; stock
167)507.
Augusta: Middling 27.50; receipts 1,
184; shipments 977; sales 899; stock
68,385.
St. Louis: Middling 27.20; receipts 4,
.741; shipments 4,829; stock 20,150.
Atlanta: Middling 27.50.
Little Rock: Middling 27.12; receipts
135; shipments 242; sales 1,396; stock
67,546.
Dallas: Middling 26.60; sales 3,805.
Montgomery: Middling 26.81; sales
13Total today: Receipts 13,218; ship
ments 22,944; stock 648,705.
ORVI8 COTTON LETTER.
NEW YORK, Jan. 12.—The price of
cloths advanced Ve cent per yard in
the New York market yesterday after
the closing of futures. In. addition
further favorable reports have been re
ceived from Manchester, showing India
is in that market for larger quantities
of goods. These Influences together
with the fillip'to prices of the past few
days' engendered .buying enthusiasm
In the minda pf a portion of the publio
and brought a continuation of heavy
buying orders in the market today. It
is worthy of striking note, however,
that final prices-tonight are closely in
line with the opening which was with
in a-few points of the day’s lowest quo
tations. It will be seen from this that
buyers of cotton today have not had
the opportunity to liquidate without
loss unless they were particularly
agHe and astute traders. Therefore it
Is reaionable to anticipate disappoint
ment by some due to the level of final
quotations. Furthermore in today’s
trading heavy sales took place right
from the opening of the market with
the buying by more widely scattered
Sources which denotes to a certain ex
tent a transference of cotton owner
ship from strong to weaker,, hahds.
Therefore, we anticipate some tem
porary easiness in prices although re
cognizing fully the merits of the bull
ish situation and believing ultimately
that still higher prices may be register
ed It Is striking to note that the week
end figures from a statistical point of
view and by comparison with other
weeks are bearish as shown by the into
sight being 241,000 against 236,000 last
week and 184,000 last year. - The gen
eral visible supply shows 6,367,000
against5,345,000 last year. Spinners
takings of American for the wees
274,000 against 880,000 last Week.
r LIBERTY BONB PRICES 1
NEW YORK, Jan. 12.—United
States government bonds closing,
liberty 3%s, 101.06; first 4s, 98.64
second 4s, 98.22; bid, first 414s, 98.64
second 4%s> 98.22; third 414s, 98.88.
fourth 414s, 98.62; uncalled victory
4%s, 100.20; ■ United States govern
ment 414 s, 10®:
CHICAGO, Jan. 12V—Despite, ihcfeas
ing complaints of dry'weather In Okla
homa, Kansas and Nebraska and not
withstanding that green, bugs were re
ported in Texas, wheat- underwent: a
setback in price today, largely as a
result of profit taking sales, - The close
was unsettled % to 1% net lower’with
May 1.19 to 1.1914 and July 1.12 % to
1.12 94. Corn lost 94 to % to lc and
oats % to % to lc. Provisions finished
unchanged to- 20 cents lower.
WHEAT—
Open High Low Close
May
.
Sept. .
CORN—
May .
July .
Sept. .
OATS—
Mar. .
July .
Sept. .
LARD—
Jan. .
May .
RIBS—
Jan...
1.2014
i.ia -/a
1.09%
1.2094
1.18 -A
1.1094
1.19
1.12%
1.09
1.19
1.12 =
1.09
.72%
.72%
.71%
.73
.72 94
,73
.72
’.7194
,71%
.72
.7194
.71%
.45%
.4294
.40
.4594
.42%
.40%
.4494
.42%
.40
.44 94
• 42%
■40%
11.17
11.45
11.20
11.50
11.12
11.42
11.12
11.42
11.00
SOUTHERN HILL STOCKS
Quoted by II. S. Dickson and Company
Gastonia. K. O—Greenville. S. C.
Corrected January 13, 1U23.
Ulooks
;md iasM
124
265
118
103j 101
126
121
60
55
86
240|
180
U2
101
132
130
102
15
102
205
88[.
152
12 Ms
. 09
176
122
195
130
94
118
66
225
13
10
79
18
90
110
147,
.85
115
103
16
91
105,
62
215
115
130
190
124
47
120
140
15
104
105
225
100
110
100
225
130
100
180
123
140
92
95
160
121
90
91
126
116
135
106
18
104
126
2H
134
100
235
13S
86
19 %
96
151
95
108
93
69
126
131
16%
109
250
100
Acme Spinning Co. ’.I 107
Arc&d'a Mils ..^.*1 830J...
American Spinning Co.
Am. Yarn and Proo. Co.
Am. Yarn and Proo. Co. pfd..
Anderson Cotton Mills .
Arlington Cotton Mills ..,1 200 251
Alagon Cotton Mills (S. C.) . .1 230]
Arcade Cotton Mills’.
Arrow Mills .
Augusta Ractory .
Belton Mills .
Belton Cotton Mills, pfd .
Beaumont Mfg. Co.
Bibb Mfg. Co, .
Brogon Mills .
Clara Mfg. Co..
Clifton Cotton Mills .
Cabarrus Cotton Mills ...
Cabarrus Cotton Mills, pfd
Chadwick-Hos. Co., (par $25.)
Chadwiek-Hos. Co., pfd -
Chiquola Mfg. Co.. .
Chiquola Mfg. Co., Pfd.
Calhoun Mills ...
Canning Mfg. Co. ..
Clover Mills .
Climax Spinning Co.
Crescen Spinning Co..
Columbus Mfg. Co., (Qa.) ....
Converse, D. E, Co.
Darlington Mfg. Co.
Dixon Mills ...
Drayton Mills ..
Dresden Cotton Mills .
Dunean Mills .
Dunean Mills, pfd.
Durham Hosiery, pfd .
Durham Hosier “B" .
Eastern Mfg. Co.'.
Bugie.ard Phoenix iUk) ....
Efird Mfg. Co..
Enterprise Mfg. Co. (Ga.).. ..
Edwin Cotton Mills Co. .
Edwin Cotton Mills Co. pfd ..
Flint Mfg. Co.
Gaffney Mfg. Co.
Gibson Mfg. Co. ..
Globe Yarn Mills (N. C.) ....
Gray Mfg. Co.• -.
Greenwood Cotton Mills ....
Gluck Mills..
Glenwood Cotton Mills .
Grendel Mills ..■;••••
Grendel Mills, pfd. (Par $o0) ..
GraniteviUe Mfg. Oo.
Hamrick Mills ..
Hanes. P. H., Knitting Co. ....
Hanes, P. H. Knitting Co. pfd
Henrietta pfd ............
Hillside Cotton Mills (Ga.)
Hunter Mfg. Co. 7 pot., pfd
Inman Mills ..' •
Inman Mills, pfd - •.
Jennings Cotton Mills.
Judson Mills ..
Judson Mills pfd .. .■..
King. John P. Mfg. Co. ...
Caurens Cotton Mills.
Limestone Mills .
Linford Mills .
Lola Mfg Co. ••■••••.
Locke Cotton Mills Co. ...
Laurens Cotton Mills --
Marlboro Cotton Mills ...
Mills Mill ...
Mills Mill pfd .
Monarch Mills (S. 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.i pfd ■ • • • ■
Piedmont Mfg. Ccn (S. C.)
PelzeY Mfg. Co. .....
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 ••••
RlverBide and Dan River, pfd
Rowan Cotton Mills Co.
Roanoke Mills, 1st pfd
Roanoke Mills, 2nd pfd
Rhyn^-HouSe? Mfg.' Co! ’ i!!
Itminofi'couon Mlfls Co/!!
Sibley Mfg. Co. (Ga.) .
Spartan Mills ... • • •
Sterling Spinning Co.
Suoerior Yarn Mills.
Toxaway Mills (par $25.00)
Union Buffalo Mills
Union Buffalo Mills, Jst.pf^.
Union Buffalo Mills, 2nd pfd
Vlctor-Mona'ghon Co-• ••.
Victor-Monaglion Co., pfd..
Victory Yarn Mills Co._.....
Victory 8 per cent., pfd •••■
Ware Shoals Mfg. Co.
Watts Mills, lstxtfd .1
Watts Mills, 2nd pfd .
Wingate Yarn Mills Co.
Wiscassett Mills Co.
Williamston Mills .
Woodslde Cotton Mills ....
Woodside Cotton Mills, pfd
Woodruff Cotton Mills -
235
99
128
122
81
109
170
137
110
95
123
183
99
137
137
92’
126
200
94
100
92
235
123
127
87
73
176
141
112
98
131
187
141
140
94
129
114J 116
60
125
. 84
10%
3L0
102
104
103
99
98
105
102
59
163
126,
98
36
55
91%
48%
113
109
92
100
171
88
104
' 73
150
134
90
1M
64
86
11%
104
111
100
101
100
107
64
167
107
38%
93%
49%
114
96
106
81
134
91
170
foreign exchange.
NEW YORK, Jan. 12.—Foreign ex
changee irregular. Quotations in cents:
Great Britain, demand 4.67 5-16; cables
4.67 9-16; 60-day bills on banks
4.65 1-16; France, demand 7.00%;
cables 7.01; Italy, demand 4.96%; ca
blaes 4.97; Belgium, demand -6.43%;
cables 6.44; Germany, demand .0096;
cables J0O97; Holland, demand 39.65;
cables 39.68; Norway, demand 18.62;
Sweden, demand 26.93; Denmark, de
mand 19.98; Switzerland, demand 18.89;
Spain, demand 16.72; Greece, demand
1.22; Poland; demand .0052; Czecho
Slovakia, demand 28.82; Argentine, de
mand 37.87; Brazil demand 11.62'; Mon-]
treat 99%.
DRY GOOD MARKET.
NEW YORK, Jan. 12.—Stronger mar
kets. prevailed in the cotton-goods di
vision today, print cloths, sheetings
and other unfinished lines being active.
Jobbers bought more liberally. Wool
markets were firm and ■ foreign .wools j
sold-if ell. Burlaps were steady.; Yarns,
were firm in iDlnplng centers. Silks I
were quiet.
STOCKS
NEW YORK, Jan. . 12.—Pool opera
tions in special stocks induced by the
huge sums of money available for loan
ing purposes at low rates, again fur
nished the basis for most of the gains
ih today’s i stock market. Except for
some scattered buying in the rubber,
motor '.and oil groups, the standard
shares?, generally moved irregularly
within narrow limits. The apparently
peaceful effect of the French invasiory
of the Ruhr ser-yed« to lessen the re
straint to which the market had been
subjected since the failure of the re
cent premiers conference to reach re
parations agreement, the day’s sales
runiting oyer a million shares for the
first time this week. Public interest
in the market has increased but the
volume-of this outside trading is still
a relatively, negligibly) factor.
California Petroleum again led the
oil shares.
The rapid recovery of Delaware and
Hudson- on the overnight announce
ment of President Loree that the $9 an
nual dividend rate woul'd: be maintain
ed yyas the feature of. the railroad list.
Lackawanna climbed, as did Lehign
Valley.' Other standard issues showed
few,material changes.
Another iherepse in crude rubber
priced to, above 82 cents-a pound re
sulted in some active buying of those
shares, ■ Unite! States Rubber, Kelly
Springfield, Ajax, Lee ana Goodrich
preferred, all rising.' Stndobaker was
again active, touching liTTs ar.d then
falling back to lls. Chandler moved up
and also Stewart Warner speedometer.
Reports of high earnings were re
sponsible for the acuv.cy in some of
the chain store--Lssii33. Associated Dry
Goods jumiiug ;>% points a:id May De
partment stores 1%. ■.
United States Steel was unchanged
on the day, but some of-the Independ
ent shares, notably Gulf States, Cruci
ble and Republic, advanced.
American Brake Shoe, Barnett Leath
er and steel and tube preferred all 3
to 5 points, were some of the other
strong spots.
Demand sterling got as high as $4.
67%, or wjthin 1% cents of their high
level but eased off later to $4.67 5-16.
French francs again rose above the
700 mark. Other rates were Irregular.
Day’s total sales 1,052,000 shares.
Twenty industrials averaged 9S.63,
net gain .51.
High 1922, 103.43; low 78.79.
Twenty railroads averaged 85.S9; net
gain .50.
rrio-e 1099 II QQ. lnw 73 13
NEW YORK STOCK LIST.
Name.
|Hlgh| Low | Last
Allied Chem. and Dye
Am. Can.
Am. Car and Foundry
Am. H. and L. pfd ...
Am. Inter. Corp.
Am. Locomotive.
Am. Linseed .
Am. Smelt and R. ...
Am. Sugar ..
Am. Tel. and Tel. ...
Am. Woolen .
Anacaondh. Copper ..
Atchison .
A. C. L.
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. ...
Coca Cola ....
Corn Products .
Crucible Steel.
Cuba Cane Sugar ...
Endicott-Johnson , . ..
Erie.
Famous P.-Lasky ...
Gen. Asphalt .
Gen. Electric.
Gen. Motors.. —
Great Northern pfd .
Gulf States Steel ....
Illinois Central .
Inspiration Copper ..
Inter. Harvester ....
Int. Mer. Marine pfd .
Inter. Paper .
Invincible Oil .
Kelly-Springfleld T. .
Kennecott Copper ...
Louisville and N. .-. .
Middle States Oil ...
Midvale Steel ...<..
Missouri Pacific ....
N. York Central.
N. Y., N. H. and H. . .
Northern Pacific ....
Okla. Prod, and R. ..
Pacific OH .
Pan-Am. Petroleum .
Pennsylvania.
Pure Oil .
Rep. Iron and Steel .
Royal Dutch, N. Y. .
St. L. and San Fran. .
S. A. L. pfd .
Sears Roebuck .
Shell Trans, and T. .
Sin. Oil and Refining
S.-S. Steel and Iron .
Southern Pacific .
Southern Railway
Southern Ry„ pfd
S. Oil of N. J., pfd
Studebaker Corp. ■
Tennessee Copper
Texas Co.
Texas and Pacific
Tobacco Products
Transcontinental Oil
Union Pacific .
United Fruit *.%
U. S. Food Products .
U. S. Ind. Alcohol ...
United Retail Stores .
U. S. Rubber .
U. S. Steel ....
U. S. Steel pfd .
Utah Copper .
Vanadium Corp .
Virginia Caro. Chem.
W. Electric .
Willys-Overland ....
Chino Copper .i.
Miami Copper .
Cosden .
Ray Consolidated . ..
Reynolds Tob. “B” .
T. and P.-C. and O. .
75 y*
83
183
67%
26%
125%
30%
56
75%
12 3 %
97%
49
100%
113
22%
136%
41%
63%
143%
34
69%
72%
21%.
32%
79%
126%
71%
13%
91%
11
89%
47%
183
14%
74%
81%
111
35
89%
45 %
53
15
50%
36%
137
12%
28%
16%
94%
20%
74%
2
47%
90%
46%
28%
51
52%
21%
9%
87%
38%
34%
43
88%
26%
65%
43%
117%
12
48%
20%
53%
12%
137%
74%
81%
182
67
26%
124%
30%
55%
77%
122%
94%
48%
100%
112
21%
134%
40%
62%
143
33%
67%
72
20%
31%
77%
126
69%
13%
90
10%
88%
46%
182
14%
73%
79%
111
34%
89
44%
52
14%
48%
36%
136
11%
28%
16
94
20%
74
1%
47
89
46%
28%
48%
51%
21
9%
86%
38%
33%
42
88
25%
65
42
115%
11%
' 48
20%
63%
11%
136%
75
82%
183
67%
26%
124%
30%
56
79%
122%
95%
49
100%
112
22%
134%
40%
63
143
33%
69
72
21%
32
78
126
70%
13%
91%
10%
89%
46%
183
14%
73%
80%
111
36
89%
45*
62%
15
50%
36%
137
12%
28%
16
94%
20%
74
1%
47
89%
46%
28%
50
52%
21
9%
86 y
38%
34%
42
88
26
65%
42%
116%
11%
48
20%
53%
11%
136%
9shrdtaocmfwyp
4%
68%
73%
59%
107%
122%
65%
37%
62%
60%
8
26%
27%
56%
14%
49%
21%
4%
67
73
57%
106%
122
*64%
36%
62%
60
7%
26
27%
65%
13%
48%
21%
4%
68
73%
59%
106%
122%
65
37
62%
60
7%
26
27%
56%
14%
48%
21%
CHICAGO LIVESTOCK.
CHICAGO, Jan. 12.—Cattle: Receipts
7,000; uneven; fairly active; generally
steady; spots 15 to 25 lower on year
lings; top matured steers 11.00; best
yearlings 10.00; bulk beef steers 8.40
to 9.75; fat she stock except light year
ling heifers practically steady; bulls
strong; choice vealers largely steady;
others 25 lower; Stockers an^ feeders
scarce; bulk desirable veal calves to
packers 10.00 to 10.75; few upward to
11.00 and above; upward to 10.7.5 an<J
above to shippers; bulk canners around
3.00; bulk desirable bologna bulla 6.00
to 5.25.
Hogs: Receipts 45,000; lighter
weights steady to 10 lower; butchers
closed weak 15 to 20 lower; bulk 150
to 200 pound average 8.55 to 8.75; top
8 80; bulk 220 to 300 pound butchers
8*30 to 8.45; bulk packing sows 7.40 to
7.86; desirable pigs 8.00 to 8.50; hold
over liberal.
I Sheep: Receipts 10,000; generally
steady; fat lambs top 16.00 to packers;
bulk desirable wooled kind 14.50 to
14 90" clipped lambs 12.50 to 12.76:
.choice 90 pound feed yearling wethers
12 75; some 103 pound yearlings 11.25;
aged 124 pound wethers 8.25.; heavier
kind 7.25; heavy fat ewes 5.50 to 6.50;
light weights Quotable up to 8.50; de
sirable 68 pound feeding lambs, 14.75;
two loads choice 85 pound.,feeding ewes
,6.85.
NEW YORK MONEY MARKET.
NEW YORK, Jan. 12.—Can money
easier: high 4;’low SV4; ruling rate 4;
closing bid 3%; offered at 4; last loan
ClOaiHfc 0 73* -‘ - o ,/
&]A; cajl loans against acceptances 3%;
time loans steady; mixed collateral 60
to 90 days 4% to' 4%; four months to
six months 4% to 4%; prime commer
cial paper 4% to 4%.
0. S. DEPARTMENT AGRICULTURE j
WEATHER BUREAU
Wilmington, N. C., Jan. 13, 1923.
Meteorological data ror tne 24 hours
ending At 8 p. m. yesterday.)
Humidity Record
Dry Wet Relative
8:00 a. m.
12:00 noon
8:00 p. m.
. bulb
temp.
.. 54
58
bulb humidity
temp, per cent
51 82
57 63
60 52
Temperature: Maximum, 67; mini
mum, 51; mean, 69.
Rainfall: Total for the day, .00; total
since first of the month, 1.03.
Sun rises ...,.7:18 a. m.
Sun sets ...5:24 p. m.
Tide Table
Hi**
. 6:47 a.m.
" . 7:09 p.m.
Masonboro Inlet .. 4:27 a.m.
Wilmington
4:45 p.m.
low
1:31 a.m.
2:08 p.m.
10:63 a.m.
11:05 p.m.
Stage of river at Fayetteville at 8
. m. yesterday 12.9 feet.
WEATHER BUUEAb REPORTS.
Temperature:
iS?
Aslfeville .clear
Atlanta .......clear
Birmingham ...clear.
Boston .snow
Charleston ....clear
Charlotte ..clear
Jacksonville ...cldy
Memphis .clear
N. Orleans.clear
New York ...cloudy
Raleigh ... .clear
Savannah ......clear
St- Louis ..... .clear
Washington . . .clear
NEW YORK BONDS.
Foreign Rondo.
Argentine 7s . 101
iDomin. of Canad%5%s, 1929 .
French Republic 7%s .
Kingdom.of Belgium 7%s ...
Kingdom of Denmark 6s ...
Swiss Confederation 8s .
Un. King of G. B. and I. 5%s, 1937 103%
U. S. of Brazil 8s . 9 814
U. S. of Mexico 5s... 51 Vi
Railway and Miscellaneous Ronds.
102
92%
99%
98%
118%
American Agric. Chem. 7 % s ...
American Smelt, and' Ref. 5s . ..
American Sugar 6s .
American Tel. and Tel. cv. 6s .
Atchison gen. 4s .
Baltimore and Ohio cv. 4%s ...
Bethlehem Steel ref. 5s .
Central of Georgia 6s .
Central Leather 5s .•.
Chesapeake and Ohio cv. 5s
Chicago, B. and Qifincy ref. 5s .
Chic., Mil. and St. P. cv. 4%s .
Chic., R. I. gnd Pac. ref. 4s
Chile Copper 6s ..
Colorado and Southern ref. 4%s.
Denver and Rio Grande imp. os .
Erie gen. 4s ...
Goodyear Tire 8s, 1931 ..
Illinois Central.ref. 4s ..*.
Int. Mer. Marine 6s .
Kans. City Southern ref. 5s.
Keliy-Springfteld Tire 8s .
Liggett and Myers 5s .....
Louisville and Nash. ref. 5%s...
Mo. Kan. and Tex. pr. lien 5s .
Missouri Pac. gen. 4s ..
New York Central deb. 6s .
Norfolk and Western cv. 6s ...
Northern Pacific 4s_.
Pennsylvania gen. 5s .
Reading gen. 4s ..
Republic Iron and' S^eei 5s.
St. L. and San Fran. adj. 6s ...
Seaboard Air Line con. 6s .
Southern Bell Tel. 6s .
Southern Pacific cv. 4s .
Southern Railway 5s .
Southern Railway 6%s .
Union Pacific 4s .
U. S. Steel 5s .•••.
Virginia Caro. Chem. 7%s.
Wabash 1st 5s .
Wilson and Co. 7%s .
Seaboard Air Line 5s .
Southern Railway 4s.
103%
92
103%
116
89%
97%'
95
101
98%
95V4
100
63%
82 Vi
98%
87
75%
43%
100
86%
90%
88
108 V4
97%
104 y8
S2
62
104%
112%
85%
101%
85%
86 14
77%
59% |
9514 i
92
97
101%
91%
103%
93
98
103
24 %
6814
DUN’S WEEKLY REVIEW.
NEW YORK, Jan. 12.—Dun’s tomor
^With^sorne extension of previous
gains, business has more than held its
favorable position. The holiday season
had brought less than the usual slow
ing down to basic industries, and the
first fortnight of the new year has
been marked by sustained demand or
larger buying1. While the price move
ment is irregular, with certain sellers
making concessions, there is well defin
ed strength in some important branch
es as in iron and steel and textiles.
The question of delivery becomes more
prominent and the mattdr of price of
smaller importance in cases where'thj®
urgency of needs is disclosed, and it
is reassuring that current shipments of
goods are facilitated by the improve
ment in the car situation. Instances
ire not uncommon, however, where
manufacturers being engaged for some
time ahead, cannot accept °rder?
sarly forwarding, despite the higher
rate of production. . „ ,7n
Weekly bank clearings $7,370,
132,000.
JACKSONVILLE NAVAL STORES.
JACKSONVILLE,' Fla., Jan. 12.—Tur
e’ntine firm; 1.46 ’to 1.47*: -ale. 294;
eoeipts 257; shipments 4, stock 20,793.
Rosin 'firm; sales 761; receipts 2,946,
hipments 1,745; stock 192,548.
Quote; B to K, 4.90; M, 9.35; N. 5.70,
17G, 5.95 to (k00; WW. 6.55 to 6i60.
SEA ISLAND COTTON.
SAVANNAH, Ga„ Jan. 12.—Sea Island
rrket quiet and steady; extra choice
%; sales none; receipts 1; shipments
ne; stock 1,196; crop tn sight 1,825.
Coming — that mysterious ‘Seventh
Guest.”—Adv.
Shipping News
VESSELS IN PORT.
Schr. City of Baltimore (Am.), 285
tons (in distress), C. D. Maffitt and
company.
Sctir. Fred W. Furlow (Am.), Cap
tain Mitchell; loading steel at Carolina
shipyard; consigned to C. X). Mafiltt
and company.
Str. Aquarius, (Am.), Capt. Taylor,
with 5,00u tons potash salts, discharg
ing at Seaboard terminals; consigned
totHeide and company.
Wilmington Markets
NAVAL STORKS,
SPIRITS TURPENTINE—Nothin* db«.
ing.
ROSIN—Nothing doing.
PINK TAR—Per gallon ISO.
PINK TaR—In country pine ba.rei*
$3.SO.
CRUDE TURPENTINE—Virgin and
yellow dip $5.25; scrape $1.24,
PRODUCE.
CORN—$1.10 V4.
BEEF—6c to 8c.
: VEAL—7c to 9c.
PIG PORK—Small pigs 12o to ltc;i
large 10c to 11c.
BACON—(N. C.)—Hama SOo to S5e.si
sides and shoulders. 18o to 20o. )
CAKE TALLOW—So.
BEESWAX—20c.
HIDES—5c to 6c.
EGGS—Country 35o to 87c. . )
YOUNG CHICKENS—25c to 28o lb.a
hens 22c; roosters 18o to 20c. lb.
BUTTER—No sales.
IRISH POTATOES—No. 1, $2.76 tor,
$3.00 bag.
SWEET POTATOES—19 to SOc.
CABBAGE—2 c to 2»c.
PEANUT*.
Prices paid producer:
Nortn Carolina—New crop, $1.50,
Virginia—New crop $1.00.
Virginia Jumbos, $1.06.
Spanish—New crop, $1.70.
PETERSBURG PEANUT MARKET.
(Reported by Rodgers, Plumber <k Co*
Incorporated )
Spanish, fanners' si belt. Market
firm, $2.05 per bushel.
Virginias, Farmers ttjjk. Market
firm.
Fancy Jumboes—6%c to 7%c per lb.
Prime Jumboes—60 to per ib.
Virginia Runners—First grade So
per lb.
Virginia Runners—Second grade B%0
per lb.
Shelling Stock—4^4 to 5c per lb.
HESTER’S WEEKLY '
COTTON STATEMENT,
Comparisons are to actual dates, not tp
close of corresponding weeks.
In thous. bales.
In sight for week . 234
do same 7 days last year. 248
do same 7 days year before .... 284
do for the month . 423
do same date last year . 421
do same date year before .... 800
do for season .8,397
do same date last year .7,528
do same date year before .6,816
Port receipts for season ....4 262
do same date last year.3,791
do same date year before last..3,7o!7
Overland to Mills and Canada for
season . 794
do same date last year .1,00.0
do same date year before. 580
Southern mill takings for season. .2,646
do same date-last year .2,448
do same date year before ....1,755
Interior stocks in excess of Sep
tember 1st. 695
do last year . 288
do year before . 723
Foreign exports for week . 113
do same 7 days last year. 65
do same 7 days year beiore .... 75
do for season .2,936
do same date last year .3,126
do same date year before .2,596
Northern Spinners’ takings and
Canada for week . 65
do same 7 days last year . 49
do for season .1,372
do to same date last year.1,518
Statement of Spinners’ Takings of
American Cotton Throughout
the World
This week . 265
Same 7 days last year . 282
Same 7 days year before . 294
Total since September 1.6,936
Same date last year .7,326
Same date year before.5,089
Statement of World’s Visible Supply.
Total visible this week ..4,986
do last week.4,958
do same date last year .6,094
same date year before .6,215
Of this the total Am. this week..3,372
do last week .3,403
do last year .4,209
do year before .4,481
All other kinds this week .1,614
do last week .1,555
do last year ...1,885
do year before .1.734
Visible in the U. S. this week... .2,002
do this date last year .2,171
Visible in other countries this
week. 2,984
do this date last year.3,523
NEW YORK SPOT.
NEW YORK, Jan. 12.—Spot cotton-,
quiet; middling 24.74.
For Sale—Special
Abruzzi and Southern
Tested Seed Rye
$1.50 Per Bushel, sub
ject to stock
D. L. GORE? CO.
r'
RED CROSS MATTRESSES
SOLD BY
W. MUNROE & CO.
FURNITURE
15 8. Front St.
1o<n waptk
Vi . --
e
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 arts, and Commission .Co., 7 Per Cent Preferred, at 100 and
Stoneeutte'r Mills Co., 7 Per Cent Preferred, at 100 and Interest.
Rosemary Mfg. Co, 7% Per-Cent Preferred, at 101 and Interest.
Tide Watejr Power Co., 8 Per Cent Preferred, at 100.
We are prepared to buy or sell Government Bonds, all ^issues; also
atomd-ord Oil of New York of Nebraska, of Indiana and of New .Jersey, 1
afeo Vacuum OU None of. these stocks will be handled on margin, but
on a strictly cash basis.
C. p. BOLLES & CO.
Telephone No. 26 ' 606 Murchison Bldg.