YORK, April
o were followed by sharp _de
Yesterday'e
jjiant-*' cotton market here today.
*«><•* orinc movement In old crop
TW c? t0 have pretty well run lta
(OH
du rms
the previous day, as
little demand, and
VicUled very readily to dlsap»
price.- titles, prospects for better
i"tinfc the south and reiterated
a'poor spot demand. Jnuly
broke'to 47.03 or 82 points
.liuiiH* ninood at that level, with
net \o*
ter. and c
loeed at that level, with j
«ral
arket closing weak at net j
of 6rt to S3 points. .
3J market opened easy at a decline
1, to "3 points inresponse to the
of ls -Vvine of Liverpool and the fa
po°r.,, weather map. After showing
■11 :‘a 11'' ,s „f about SO to 66 points,
iR M‘ ..,,,\ved a tendency to rally on
f'roi^h'itif" buying of'near months
t , ' v, ring but soon broH® again,
", renewal of liquidation or gen
,'nino which seemed to be partly
era
nc(1 b.v developments, in the
'"t1"'- -irket*. The reported proceed
h'i'11,.,.'the department of justice
: ,i10 sugar futures trade, at
6’1 w,rc more or less generally coro
ntertt"
1 upon as a disturbing feature
from
standpoint of future markets
,v. and the market was extreme
v,,,is and unsettled during the
.''’.on,,. There was enough covering
from time to time, but
J°1'these bulges met increased^offerings
was a renewal of general
toward the close 'on prospects
: . temperatures and more set
ii weather in the south. May broke
"3s no* and October to 24.00, with ac
h: months showing net losses of 67
V points and declines of about 80
" ,,r ,r,.i111s from yesterday’s best fig
' Tip.re was some criticism of the
iriTv we itlmr.map because of low tem
•ratures Rut otherwise conditions were
idered favorable and sellers here
rr predicting that a week or 10 days
V „,ri weather would make a big
p.-pr./in the character of crop art
High
. .2S.G2
. .27.66
. .24.75
. .24.26
Low
28.00
27.03
24.20
23.75
85
Close
28.00
27.03
24.20
23.76
9 3 i.=L
\i;\v ORLEANS COTTON.
ORLEANS. April 19.—Better
,r ,iy,-r the belt and the federal
,v, r- tnrtit’s action against the New
v,,, I - and sugar exchange were
. <ii>lr for a decline in cotton to
a. which. late in the session amount*
V\„ 70 to it- points, old crop months
„jkjns the widest losses. The court
, I .. ...lines against the coffee and
r exchange were an adverse lnflu
. ainst cotton because the trade
.-I i'n them the possibility that the
.(W unent 'would'not look kindly on
' v boosting of old crop values beyond
(.rutin limits. -
The effect of the sugar market news
iaf heightened by telegrams late In
day to brokers here claiming that
.. y.'r::hie cotton was headed to
iards New York form to go against
\tav contract there. The market elo**
fd at net losses of 70 to 87 points. May
1 as low as 27.20 while the inside
rriiv on the close was 27.28; October
railed down to 23.63 which was also the
inside price on the close.
The weather map .reflected dry weath
nyer practically the entire cotton
region and the forecast called for more
rv weather with some warming up In
trtnperatures. This was considered the
li-st weather in some time. Reports
run here and there in the belt during
xit day said that planting was pro
irwing fast in sections where recent
■ were had made the soli too
day..
Oct.. .
Toe...
High
. . .27.90
. . .27.50 '
. . .24.10
. . .23.69
. ..23.60
Low
27.20
26.85'
23.63
23.20
23.25
Close
27.28
26.90
23.63
23.20
23.10
DAILY COTTON TABLE.
Port .Movement.
New Orleans Middling 28.13; receipts
(.149; exports 400; sales 827; stock 136,
Galveston; Middling 27.95; - receipts
7,bid sales 450; stock 113,014.
Mobile: Middling 28.00; receipts 195;
stock 2,41b.
Savannah; Middling- 27.50; receipts
391; exports 10U; sales 361; stock 46,
ci'i.
Charleston: Receipts-511; exports 3,
SS: stock 38,951.
'Vllmington: Middling 27.00; receipts
A stock 10,747.
Texas City: Stock 749.
Norfolk: Middling 27.38; receipts 224;
stock 67.769.
Baltimore: Stock .2,335.
boston: Middling 29.00; receipts 45;
stock 11,800.
Philadelphia; Stock 4,572.
N>'.V York: Middling 28.20; exports
3-444: stock 55,707.
Minor pul-ts: Stock 7,037.
Total today: Receipts 4,133; exports
7-172: stock 496,1.86.
Total for week: Receipts 81,492; ex
ports 67.412.
Total for season: Receipts 5,416,033;
-■sports 4.050.288.
Interior Movement.
Houston: Middling 2S.OO; receipts 505;
>Jipments 2,182; sales 1,449; stock 97,
Msmphis; Middling 28.75; receipts 1,
shipments 1,508; sales 225; stock
.Augusta: Middling 27.44; receipts 250;
lopmonts 511; sales ,2; stock 32,723.
3h Louis: Middling 29.00; receipts 819;
Shipments 819; stock 15,885.
Atlanta: Middling 27.80.
Jjttlr. Rock: Middling 28.00; receipts
.^shipments 235; sales 3,540; stock
pallas-: Middling 26.85; sales 246.
Montgomery: Middling 27.13.
lotal today: receipts 2,561; shipmenss
AM. stock 253,879.
M2W YORK COTTON LETTER.
MiM YORK, April 19.—Improved
A.■ conditions over the cotton belt
, ciutlook for its being continued
"0 next few days was the first cause.
0 influence selling in cotton markets
Assisting this were lower Liv
‘™1, cahl, s than due with advices
■ the undertone was poor and an
A'Ante of buyers furthermore than
anchester business is small and of a
miscellaneous character although wide
i’.earl , These were primary causes.
' Aotulay and possibly of more power
1 sentiment was the action, of ■ the
'-'Prnment In regard to the sugar ln
,rjT which had an unsettling influ
l(> among some cotton traders. The
■i,!,lon ?£ the market undoubtedly ip
.•^pointing to its friends and espe
’ ■ so as final quotations, were the
,e>est. Jlcarish sentiment is running
'.iM; and its is nossibie that this to
.'r "'ith the influence of better
Pis .■ may cause further selling but
situation is quite bullish Insofar as
on't't supplies are concerned and
■A1,;-' on the theory that the crop may
!-„ iE“ •» entirely a guess. Hence
‘' Known facts are favorable to high
f ar>d the unknown cannot bo e.J
'■\\L5hart for quite some time to come.,
■m,I?vor Purchases during all" weak.
May Liverpool cue Filday
I.IVF.RPOOL COTTON.
Ml Kiipool, April 19.—Cotton:
/- in fair demand, prices easier,
middling 15.72; fully middling
middling 15.47; low middling
Good ordinary 14.72; ordinary
3.22
ll.R
K '
Alt;
,(*90 bales, including -4,909
n ri/11' No receipts. <
Jlj<res closed barely steady. Apr!
A3 ay 14.74; July ’4.50; OotObei
January 12.86; Merch 19.70.
CHICAGO, April 19.—With estimates
current that the domestic winter crop
or wheat this year would he 46,000.000
““Joels less than was harvested In
1922, and that Nebraska prospects were
tor only one-third to half a crop, the
wheat market today developed fresh
strength. Prices closed firm % to %
net higher with May 1.26% to 1.26 and
July 1.24% to 1.24%. Corn gained %
to % to 1 cent and oats % to % to %.
In provisions the outcome was 12 to 22
cents decline.
WHEAT— Open High Low Close
May . .. 1.26% 1.26 1.24% 1.25%
July . ..1.23% 1.26% 1.22% 1.24%
Sept. . .. 1,21% 1.22' 1.22% 1.21%
CORN—
May . .. .79% .79% .79% .79%
.81%’" .82 .81% -.81%
Sept. .. ... .82 .82% .81% .82%
OATS— 1
May . . . .45% .45% .45% .45%
July . .. .46% .46% .46% .46%
Sept. . .. .46 .45% .44% .45%
I/ARD-—
May . .. 12.15 11.15 11.06 11.12
July . .. 11.42 11.42 11.30 11.37
RIBS— ^
May . .. 9.75 9.75 9.67 9.67
July . .. 10.07 10.07 9.97 ■ 9.97
Cash: No. 2 red: 1.33; No. 2 hard 1.26%
to 1.26%. Corn No. 2 mixed 81 to 81%;
No. 2 yellow 81% to 81%. Oats No. 2
white 46% to 47%; No. 3 white 46%.
Rye No. 2 27. Btrley 73. Timothy seed
6.00 to 5.50; clover seed 15.30 to 18.50%.
Pork nominal; lard 11.25; ribs 9.25 to
10.25.
SOUTHERN MU.I, STOCKS
Quoted by
R. S. DICKSON AND COMPANY.
Gastonia, N. ('.—Greenville, s. C.
April 16.-1923.
I Bid 1 Ask
Aome Spinning Co.
Arcadia Mills .
American Spinning Co. .
Am. Ya,rn and. Proving Co.
Am. Yarn and Pro’ing pfd ....
Anderson Cotton Mills .
Arlington Cotton Mills .
Aragon Cotton Mills (S. C.) ..
Arcade Cotton Mills.
Arrow Mills .
Augusta Factory .
Belton Cotton Mills ........
Belton Cotton Mills, pfd.
Beaumont Mfg. Co.
Bibb Mfg. Co. .
Brogon Mills .
Clara Mfg. Co..
Clifton Mfg. Co.
Cabarrus Cotton Mills.
Cabarrus Cotton Mills, pfd....
Chadwick-Hos. Co. (par 325.)
Chadwick-Hos. Co. pfd .
Chiquola Mfg. Co.
Chiquola Mfg. Co. pfd>.
Chino Grove Mills .
Calhoun Mills.
Cannon Mfg. Co. (par $10.)..
Clover Mills .\.
Climax Spinning Co..
Crescejit Spinning Co.
Columbia Mfg. Co. (Ga.).
Converse, D. E. Co...
Darlington Mfg. Co.
Dixon Mills .
Drayton Mills.
Dunean Mills .
Dunean Mills, pfd.
Durham Hosiery pfd .
Durham Hosiery ‘‘B”».
Eastern Mfg. Co.
Eagle Yarn Mills .
Eagle and Phoenix (Ga.) -
Eflrd Mfg. Co.
Enterprise Mfg. Co. (Ga.)....
Erwin Cotton Mills Co.
Erwin Cotton Mills Co., pfd ..
Flint Mfg. Co.
Gaffney Mfg. Co.
Gibson Mfg. Co.
Globe Yarn Mills (N. C.) ....
Gray Mfg. Co.
Glenwood Cotton Mills .
Gluck Mills .
Greenwood Cotton Mills.
Grendel Mills .
Grendel Mills, pfldi (par $50) ..
Graniteville Mfg. Co.
Hamrick Mills .. '.
Hanes, P. H. Knitting Co.
Hanes, P. H. Knitting Co., pfd
Henrietta pfa .
Hillside Cotton Mills (Ga.) ..
Hunter Mfg. and Com Co., 7
P. C. pfd .
Inman Mills .
Inman Mills, pfd ..
Jennings Cotton Mill .
Judson Mills.
Judson Mills,'pfd ..
King, Jno. P. Mfg. Co.
Lancaster Cotton Mills ....
Limestone Mills .?
Linford Mills .
Lola Mfg. Co.
Locke Cotton Mills Co.
Laurens Cotton Mills .
Mansfield Mills.
Marlboro Cotton Mills ......
Mills Mill.
Mills Mill, pfd .
Monarch Mills, (S. C.) ....
Mollohon Mfg. Co. ..
Musgrove Cotton Mills ....
Myers Mill .
Myrtle Mills.
Mooresvllle .
National Yarn Mill ..
Newberry Cotton Mills ....
Orr Cotton Mills .
Orr Cotton Mills, pfd.
Parkdale Mills .
Pacolet Mfg. Co. ..
Pacolet Mfg. Co. pfd .
Pelzer Mfg. Co. ...... ••••■•
Piedmont Mfg. Co. (S. C.)..
Perfection Spinning Co.
Poe, F. W. Mfg. Co.
Poinsett Mills ...
Priscilla Spinning Co.
Rnnln MffiT. Co.
290
-124
106
131
120
230
296
126
108
135
65
65
91
255
205
121
100
153
138
106
21
10b
225
93
106
145
15
101
184
120
142
102
120
86
97
121
• 70
71
93
124
106
155
22 %
107
94
16%
191
137
135
144
104
124
100
109
80
18
97
94
150
151
85
116
103
165
110
115
62
128
138
135
210
150
49
154
161
15
104
107
225
s2
109
145
101
255
159
100
180
240
102
105
185
150
165
83
19
99
96
155
95
106
171
112
138
60
16
,109
250
:ioo
102
195
161
285
101
160
145
89
66
112
145
123
97%
120
280
101
155
156
102
130
94,
147
91
71
116
130
161
148
125
98%
126
2851
158
134
130
66
Bex Spinning to. .. ..
Rex Spinning Co., pfd.
Riverside Mills (par $12.60)
Riverside and Dan River ....
Riverside and Dan River, pfd.
Rowan Cotton Mills Co.
Roanoke Mills,*Yst pfd.
Roanoke Mills, 2nd pfd.
Rosemary pfd .
Rhyne-Houser Mfg. Co.
Saxon Mills .. .
Seminole Cotton Mills Co.
Sibley Mfg. Co. (Ga.) .
Spartant Mills . . . ..
Sterling Spinning Co.
Superior Tarn Mills.
Stowe Spinning Co. ..........
Toxaway Mills, (par $26.00) ..
Union Buffalo Mills ..........
Union Buffalo Muls, 1st pfd' • •
Union Buffalo Mills, 2nd pfd.
Victor-Monaghan Co. ..
Victor Monaghan Co. pfd
Victory Tarn Mills Co. .
Victory 8 per cent. pfd. .
Ware Shoals Mfg. Co. ...
Watts Mills, 1st pfd
891
S14
103
104
108
100
99
98
118
110
66
182
134
110
100
37
78
96
57
116
112
97
103
220
10
Watts Mills, 2nd pfd. .
Winget Tarn Mills Co. ...
Wiscassett Mills Co.
Williamston Mills ... .
Woodside Cotton Mills . . -
Woodside Cotton Mills pfd
Woodruff Cotton Mills ....
The stocks quoted above represent
prices at which we have buyers and
prices at which we can sell. All ouota
tjpns subject to change without notice.
124
154
105
145
148
180
325
.107
101
100
122
186
136
101
38
79
97
58
117
100
232
101
130
80
147
146
190
DRY GOODS MARKET.
NEW TORK, April 19.—Weakness In
raw cotton led to quiet trading in
cloths and to further offerings from
second hands at slight PHceo°nces
«innB in today’s markets.. Tarns were
quiet. RAW’ silk again failed to attract
buyers among domestic silk manufac
turers. The fall fabric trade develops
slowly. Burlaps markets were quiet,
sales being nominal. Wot°„1t®0<^3es11^2jT'
ed firmness wherever late deliveries
were concerned.
MONEY MARKET. >
'NEW TORK, April 19.—Call money
Arm high 6, low 4 1-4; ruling rate 6.
closing bid 4 1-2; offered at 4 8-4 last
loan 4 Y-2,* call loans against accept
ances 4 1-2; time loans steady; mixed
collateral 60-90 days 6 1-4 to 6 1-2; 4-6
months 6 1-4 to 6 1-2; prime commer
cial paper 5 to 5 1-4. , ’ ■ v
STOCKS
NEW YORK, April 19.—The rising
tendency of prlceB was checked shortly
after the opening of today’s stock mar
ket by the- announcement of govern
mental proceedings to prevent specu
lation In raw sugar. Sugar stocks,
which had advanced during the first
hour, dropped when the government's
action became known but they rallied
slightly/before the close.
Prices in the general list yielded In
sympathy and there/ was a marked re
duction in the volume of trading. Prices
pursued an uneven course during the
rest of the session with bullish demon
strations In the coppers, American Can
and California petroleum, counteracted
by heavy offerings of some of the other
oils, investment rails and a few special
ties.
Revival of speculative interest in
the copper group was founded on re
ports of an Increased foreign demand
for the mental, particularly from Ger
many and the activity of the copper
shares on the London stock exchange.
Utah led the advance and American
Smelting, Chino and Kennecott each
closed higher.
Stewart Warmer Speedometer, which
has been heavily bought lately on spec
ulative expectation of an increased
dividend, broke and then rallied Com
mercial solvents "A” broke on a small
turnover.
Profit taking In some of the high
grade railroad shares halted the ad
vance In that group. Canadian Pacific
was off 2 points on the day. Losses
were recorded by Delaware and Hud
son, “Katy” preferred Peoria and East
ern, Southern Pacific and Union Pa
cific.
Kresge jumped on a turnover of 200
shares. Transue and Williams Steel
was active for the first time in several
months on reports of large current
earnings. Recent strength of corn pro
ducts was attributed in part to the
higher sugar prices which are expected
to lead to large use of the Bugar sub
stitutes manufactured by this com
pany.
Foreign exchanges held fairly steady
around yesterday’s closing prices. De
mand sterling rose nearly a cent to
$4.66 In the early trading but receded
to $4.65% where It was up % of a cent,
on teh day. French francs were quoted
around 6.65 cents and German marks
rallied slightly to .0035% cents.
Day’s total sales 786,600 shares.
Twenty industrials averaged 102.58;
net gain .34.
High 1923, 105.38; low 96.96.
Twenty railroads averaged 88.00; net
loss .56.
High 1923, 90.65; low 84.53.
Name.
NEW YORK STOCK LIST.
|Hlgh|~Low
Allied Chem. and Dye
Am. Beet Sugar.
American Can.
Am. Car and Foundry
Am. H. and L. pfd_
Am. Inter. Corp.
Am. Locomotive.
Am. Linseed .
Am. Smelt and Ref. ..
American Sugar.
Am. Tel. and Tel.
Am. Woolen.
Anaconda Copper ....
Atch. T. and Sana Fe
Atlantic Coast Line ..
Atl. Gulf and W. I.
Baldwin Locomotive .
Baltimore and Ohio ..
Bethlehem Stel, B. ..
Canadian Paclflc.
Central Leather.
Chandler Motor .
Chesapeake and Ohio
Chic. Mil. and St. P. ..
Clilc Rock I. and P. ..
Chile Copper.
Coca Cola . ■ .
Consolidated - Gas __
Consolidated Textile ..
Cosden and Company
Corn Products .
Cruolble Steel .
Cuban Am. Sugar ....
Cuba Cane Sugar ....
Endicott Johnson ....
Erie.
General Asphalt .....
General Motors .
Great Northern pfd ..
Gulf States Steel _
Illinois Central .
Inspiration Copper_
Inter. Harvester .
Inter. Merc. Mar. pfd
International Paper
American Tobacco ...
Chino Copper .
Kelly Springfield.
Louisville and Nash.
Middle States Oil.
Midvale Steel .
Mo. K. and T. (new)
Mo. Pacific .
New York Central ...
N. Y„ N. H. and H. . .
Norfolk and Western
Northern Paclflc .
Okla. Prod, and Ref ..
Pacific Oil.
Pan-Am. Petroleum ..
Pennsylvania .
Pure Oil.
Reading.
Republic I. and Steel..
Reynolds Tobacco B .
Royal Dutch. N. Y. ..
Seaboard Air Line ....
Sears Roebuck .......
S.-Sheffield Steel _
Southern Paclflc.
Southern Railway . —
Southern Ry. pfd .. ..
Standard Oil of Cal. ..
Standard Oil of N. J. ..
Studebaker .
Tennessee Copper ....
Texas Company .
Texas and Pacific . —
Transcontinental Oil. .
Union Pacific.
United Fruit ......
United Retail Stores ..
U. S. Ind. Alcohol ....
U. S. Rubber.
U. S. Steel.
Utah Copper.*.
Virginia Caro. ChertK
Western Union .
Westinyhouse Elec. ..
Miami Copper.'
Vanadium Steel .
74%
47
9814
180%
10%
31%
135%
8.2 %
65%
81%
122%
100 %
50
102%
119%
26
140%
53%
66%
149
35%
70%
72%
24%
35%
28%
77%
67%
11%
56%
129%
82'%
37%
13%
72%
12%
48%
17%
76
99%
nM
90
37%
46%
155%
28%
60%
144%
11%
33%
40%
17%
95%
20%
112%
77%
2%
39%
72%
46%
96%
78%
64%
65%
52
7%
86%
66%
92%
34%
68%
62%
74
45
96%
180%
10%
30%
134%
32%
63%
80%
122%
99%
49%
!°2 %
118%
25
140
53
66
156%
34%
70%
71%
24
84%
28
77%
66%
11
65%
128%
81%
35
17%
72%
12%
48
16%
75
99
114%
37%
90
36%
46
154%
27%
60
144
11
33
39%
16%
94%
19%
11.2
76%
2%
39%
70%
46%
96%
77
64
65
61%
8
56%
90%
84%
68
61
38%
123%
11%
49%
27%
10%
140%
174%
82%
67%
61%
106%
71%
16%
113%
67%
29%
40%
Last
74
45%
98%
180%
10%
30%
65%
80%
122%
100
50
101%
118%
25%
140%
53
66%
157%
34%
70%
71%
24
84% !
28%
77%
67
11%
65%
129%
81%
35%
17%
72 %
12%
48
17
75%
99%
114%
38%
90
36%
46%
155%
27%
60%
144
11%
33
39%
17
94%
19%
113
76%
2%
89%
70%
45%
96%
77%
64
65%
.61%
7%
86%
66%
90%
34%
68
61%
39
123%
11%
49%
27%
10%
140%
174%
83
68
61%
106%
72%
iisa
n
40%
CHICAGO LIVESTOCK.
CHICAGO, April 19.—Cattle: Receipts
12,900; killing quality generally plain,
beef steers uneven; spotty, gerierally
steady; fills and less desirable killing
quality considered; top steers 10.15
I weight 1;5.27 pounds. Several loads
weighty steers 9.75 to 10.00; yearlings
scarce; best young steers 9.60; bulk
heifers strong; spots higher; veal calves
steady to 25 cents lower; stockers dull.
HOGS: Receipts 88,000 early sales
mostly to traders around steady; ship
per and packer markets low; uneven, 5
to 15 lower; early top 8.50; {losing bulk
160 to 210 pound average 8.10 to 8.25
225 to 825 pouhd..butchers 7.85 to 8.15;
packing sows weak to 10 lower, 6.85 to
7.10; pigs weak, to 25 lower; bulk 100
to 130 pound pigs .7.00 to 7.50; estimat
ed holdover 16,000.,
SHEEP: Rebdlpts 18,000; lambs un
even, steady to |5 lower; top ,14.60 to
packers and shippers; bulk wooled
14.25 to 14.60; clipped lambsu largely
10.75 to H.50; one load choice-Wiscon
sin fed 80 pound average 12.10 to city
butchers; heavy clipped lambs largely
9.75 to 10.00; sheep around steady;
clipped ewes averaging 102 poknds 7.50;
two loads heavy clipped .weathers 7.00.
LIBERTY BONDS. ' A
NEW YORK, April 19.-—IT. S. gov
ernment bonds closing. Liberty 3 l-2s
101.2; firsts 4 97'10; second- 4s 97.7;
firsts 4 l-4s, 97.22; second 97.19; third
98; fourth 97.2*. Uncalled Victory 4
3-4s 100; United tSates governnaent r4
l-4s 99.3. .. .. .
SUGAR ANl/ COFFEE.
NEW YORK, April 19.—Spots Cubas
8.16 for centrifugal. Refined quiet;
fine granulated 9.60. -
Spot coffee quiet; Rio 7s 11% to 11%;.
Santos 4a 14% to 16.
■ ’ ' ' '~V AVA:.:'--';';'-'-.-,.
O. S. DEPARTMENT AGRICULTURE
WEATHER .BUREAU
Wilmington, N. C.. April 20, .1923.
Meteorological data Tor the 24 hours
ending 8.-90 p. m. yesterday.
Humidity Record.
Dry Wet Relative
l>ulb bulb humidity
temp. tamo, percent
800 a. m. 56 48 60
12:00 noon. 71 68 46
8:00 p. m. 62 55 64
Temperature: Maximum, 73; mini
mum, 48; mean, 60.
Rainfall: Total for the day, .00; total
since first of the month, 1.02.
Sun rises .6:35 a. m.
Sun sets ...6:47 p. m.
Tide Table.
ll*Kb.
Wilmington .12:80 a.m.
“ .12:48 p.m.
Masonboro Inlet ..10:07 a.m.
..10:30 p.m.
Loir,
8:16 a.m.
8:08 p.m.
4:34 a.m.
4:33 p.m.
Stage of river nt lj|iyettevllle at 8
a. m. yesterday, 14.4 feet, falling.
WEATHER BUREAU REPORTS.
STATIONS—
Temperature:
5*
£5.
SH
Asheville .clear
Atlanta :.clear
Birmingham ....clear
Boston .cloudy
Charleston .....clear
Charlotte .clear
Galveston ....cloudy
Jacksonville ...clear
Memphis.clear
N. Orleans.clear
New York.clear
Raleigh .clear
Savannah.clear
St. Louis .i.clear
Washington ...clear
72
74
76
64
74
74
70
74
74
74
54
74
74
78
70
40
44
8,2
48
48
62
50
54
54
34
60
48
52.
38
3*
a»:
SI
*<«
tie
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
.00
WEEKLY FINANCIAL, STATEMENT
OF FEDERAL RESERVE BANK.
WASHINGTON, April 19.—Combined
resources and liabilities of the 12 fed
eral reserve banks at the close of busi
ness April 18, were reported tonight by
the federal reserve board in thousands
of dollars as follows:
RESOl’BCES:
Gold and gold certificates 826,375
Gold settlement fund, F. R. re-_ ■
serve board . 659,887
Total gold held by banks 986,262
Gold with F. R. agents . 2,036,490
Gold redemption fund . 59,870
Total sold reserves
Reserves other than gold
. $3,082,622
95,920
Total reserves.... $3,178,542
Non reserve cash ..•_
Bills Discounted:
Secured by U. S. government
obligations..? 334,611
Other bills discounted .... .. . . 308.861
Bills bought in open market . . 277,447
Total bills on hand.$ ???’??»
TT. S. bonds and notes. 158,910
U. S. certificates of indebted
... 7 J,U97
Municipal warrants. 41
Total earning assets .81,168,957
Bank premises ..... -••••• 49,53/
Five per cent, redemption fund
against F. R. bank notes .. 191
Uncollected items . ‘23,336
All other resources .... g... 13,871
.85,191,814
Total resources .
LIABILITIES:
Capital paid in.*
Surplus. 218,369
Deposit*:
Government .‘ , Qil’SSe
Member bank, reserve acct.. 1,924,525
Other deposits.• • • 21,640
Total deposits.$1,991,001
F. R. notes in actual circula- _ .
tion. 2,220(251
F. R. bank notes in circulation ,
net liability . 2,443
Deferred avaialability items.. 635,966
All other liabilities. 15,186
Total liabilities.85,191,814
Ratio of total reserves to deposits
ind federal reserve note liabilities com
bined 75.5 per cent. '
NEW YORK BONDS.
Foreign Bonds.
Argentine 7s -....... •••••>.
Domln. of Canaida 6%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 f%s, 1937
U. S. of Brazil 8s ...
U. S. of Mexico 5s .
102%
102
• 94%
101%
97%
118%
104
96%
55
Ralivrar and Miscellaneous Bonds.
101%
88%
102%
113%
87
80%
89
98%
88%
98%
?»
American Agric. Chem. 7Vit
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 Leather 5s ...
Chesapeake and Ohio cv. 5s ..
Chicago, B. and Quincy ref. 5s
Chic., Mil. and St. P. cv. 4^s
Chic., R. I. and Pac. ref. 4s ..
Chile Copper 6s ... 100%
Colorado and Southern ref. 4%s. . S3%
Erie gen. 4s .. ..*.* 46%
Goodyear Tire 8b, 1981 .. 103 &
Illinois Central ref. 4s ... 84%
Int. Mer. Marine 6s ........ 87%
Kans. City Southern ref. 5s .... 85
Kelly-Springfield Tire 8s . 109%
Louisville and Nash. ref. 5%s .. 103
Mexican Petroleum 8s ......-107%
Mo, Kan. and Tex. pr. lien 5s .. 78%
Missouri Pao. sen. 4s ..>'57%
New York Central deb. 63 .103%
Norfolk and Western cv. 6s ; 112%
Northern Pacific 4s ... 83%
Pennsylvania sen. 5s .— 107%
Reading gen. 4s ............. . .v 83%
Republic llron and Steel 5s --- 90
St. I* and San Fran. adj. 6s.... -72%
Seaboard Air Line con. 6a •.. • 35
Southern Bell Tel. 5s .....-— 95
Southern Pacific cv. 4s .. 91%
Southern Railway 6s ..,94%'
Southern Railway 6%s... 101 .
Union P'aclflc 43 ..'... ,90%
U. S. Steel 5s .. -v--•■■■ •.... • • 101%
Virginia Cara. ; Chem, 7 % s .... 84%
Wabash 1st 5s ... 95
Wilson and Co. 7%s .100%
Seaboard Air.tine 6s .......... 31^
Southern Railway 4s -........ 671
foreign exchange.
NEW YORK, April lg.—Foreign ex
change irregular. Quotations Jn cents;
Great Britain, demand 465 5-8;-cables
465 7-8; sixty days'bills oh banks'453
7-8. -France, demand 665; cables 966
1-2. Italy, demand 494 1-2; cables
495. Belgium, demand 578 1-2; sables
574. Germany demand .0035 1-2; ca
bles .0035 3-4; Holland,, demand!.3813;
cables 8922. Norway, demand 1793;
Swedes," demand .2670; Denmark, de
mand 1895; Switzerland, demand 18-15;
Spain, demand 1534. Greece, -demand
117. Poland, demand. .0021 Czecho
slovakia, demand 297; Argentine, de
jmand 36T5; Brazil, demand 1095; Mon
treal.97 ?*<***•*t**## ■>
' - '
Shipping News
Str. Ansaldo VII, (Ital.), Alexander
Sprunt and Sons.
Str. Santurce, (Am.), Heide and com
pany. .,
Schr. Wilbert S. Bartlett, (Ala ), 843
tons, C. D. Maffitt and company.
Str, <*Helmer Moerch, (Dan.), Meide
and company..
ARRIVED.
Str. Helmer Moerch, (Dan.), Aalborg,
Denmark, with cargo of cement for
Southern Powet company.
SAILED.
Str. Glymdon, (Am.), in ballast for
Mobile, Ala.
Wilmington Markets
PEANUTS.
Prices, paid producers'.
NORTH CAROLINA—New crop, $1.85
to $1.90.
VIRGINIA—New crop, $1.00 to $1.10.
VIRGINIA JUMBOS—$1.10 to $1.20.
WHITE SPANISH—$2.00.
RED SPANISH—$1.90 to $2.00.
PRODUCE.
CORN—$1.10%.
BEEP—9 to 10 cents.
VEAL—10 to 12 cents.
PIG PORK—Small 14 to 13 cents,
large 10 cents.
N. C. BACON—Hams 2* to 25 cents;
sides and shoulders 14 to 15 cents.
TALLOW—Cakes, 5 cents.
BEESWAX—20 cents.
HIDES—8 to 7 cents.
EGGS—22 cents, very dull.
CHICKENS—Fall 25 cents; spring 35
cents; hens 25 cents; old roosters, dull,
15 cents.
BUTTER—25 to 30 cents.
IRISH POTATOES—$3.25 to $3.50 a
ba
'fvVEET POTATOES—65 to 60 cents
bushel.
NAVAL STORES.
SPIRITS TURPENTINE—Nothing do
fiOSIN—Nothing doing.
PINE TAR—Per gallon 15c. .
PINE TAR-—In country pine barrels
$3.50.
CRUDE TURPENTINE—Virgin and
yellow dip $6.25; scrape $4.25.
RICHMOND LIVESTOCKS.
RICHMOND, April 18.—Cattle: Supply
light and market active; strictly good i
steers 8^50 to 9.00; medium to good
steers 8:00 to 8.60; common to medium
steers 6.60 to 7.60; good to choice cows
6.00, to 6.60; extra higher common to
medium cows 4.50 to 5.50; canners 2.50
to 2.75; medium ^to good oxen 6.00 to
7.00; common to' medium oxen 4.50 to
6.00; fat butcher bulls 5.60 to 6.00;
bologna bulls 4.25 to 4.75; light, com
mon bologna bulls 3.50 to 4.00; choice
fat'heifers 8.00 to 8.60; medium to good
heifers 7.25 to 8.00; common to medium
heifers 5.50 to 7.00; good Virginia calves
11.00 to 12.00; medium Virginia calves
9.00 to 11.0; best southern calves 11.00;
medium southern calves 8.00 to 10.00;
rough and heavy veal calves 4.00 to
6.00; good oorn fed hogs 8.60 to 9.00;
good oorn fed pigs and shoats
8.00 to 8.50.
Good lambs 14.00 to 15.00; medium
lamibs 12.00 to 13.0; spring lambs 18.00;
fat sheep 6.00 to 8.00; common to fair
sheep 4.00 to 6.00.
NEW YORK BONDS.
NEW YORK, April 19.—Bonds prices
continued firm with irregular advances
in today’s dealings on the stock ex
change. Sugar company liens, Influenc
ed by the flurry tn stocks as a result of
the government’s action in- Seeking to
stop speculation in sugar, Were mixed,
Punta Alegre sugar 7s closing off, while
Cuba Cane 8s were up. - •
United States government bonds were
steady in quiet trading. Foreign bonds
were somewhat improved, French issues
leading the moderate advance.
Railroad mortgages continued in
fair demand but the price changes for
the most part were small. Frisco in
come 6s advanced and St. Louis Iron
Mountain and Southern 4s, river and
Gulf division, were up. Copper com
pany liens were active, Cerro de Pasco
8s leading in this group. Armour and
company 4%s were up.
Total sales, par value were $10,
441.000.
There were reports that there.is coon
to be a public offering of $15,000,000
Wlllys Overland long term bonds to
refund about $10,000,000 notes, notes
maturing December 1,1923.
COTTONSEED OIL.
NEW YORK, April 19.—Following the
decline in cotton and lard, which in
duced commission house liquidation,
the cottonseed oil market was lower
today. It rallied late on support from
refiners and closed steady at a net loss
of 1 to 4 points. Sales 17,400 barrels.
Prime crude 10.00 sales; prime summer
yellow spot 11.45 to 11.75; May and
July 11.42; September 11.38, all bid.
NAVAL STORES MARKETS.
JACKSONVILLE. Fla.. Anril 19.—Tur
pentine quiet 1.40; sales none; receipts
278; shipments 306; stock 8,627.
Rosin, firm; sales 779; receipts 1,065,
shipments 2,059; stock I!?.’ x- w
* Quote* B, 4.95; D to E, 5.00, F to H,
5 05; I to-M, 5.10; N, 5.35; WG, 5.60; WW,
6.5.0.
SAMUEL PICKARD .8CDBBNLY
dies at chapel hill home
(Special to the Star.)
CHAPE HILL, April 19.—Samuel M.
Pickard died here today at the age of
68, being found dead in his bed at-7
o’clock in the morning. He came to
Chapel Hill from Graham eight years
ago and has been since then the *»ro
nrietor of the Model Market. •
For some time Mr. Pickard had been
a sufferer from diabetes, but for the
last few weeks had been feeling much
better in consequence of special treat
ment by a physician. Yesterday, how
ever, lje complained of being worse,
and did not sleep well during the night.
Only an hour or so before the end came,
his wife heard him stirring about in
the room.
TJie funeral aervices will be held to
morrow afternoon at 4 o’clock in the
Christian church, and will be immedi
ately followed by the burial.
Beyond the Bound* of
Experimentation
WHITE BOSE ant TIDAL WAVE
FLO\’B
Gilbert Grocery Co.
Wl&olesale Grocers'..
■ ' ^-'-——■
V. J. BROWN
BUILDING CONTRACTOR •
Telephone No. 892-3
. ...utifcuilJHifcH*
£Laai
Calco Automatic Drainage Gate
Turns Swamp Land
Into Farm Land
Gate is absolutely automatic, permitting
water to flow off your land but prevents
*' flood or tide water from backing up on
your land again*
One plantation man writes that a Calco
Gate converted 1,500 acres of worthless
mosquito breeding swamp into produc- ,
tive farm land.
WRITE DEPT. » FOR SPECIAL UTERATURE
The Dixie Culvert & Metal Co.
ATLANTA . GEORGIA
Charlotte in Van
of Labor Placements
RALEIGH, April 19.—The Wilming
ton employment bureau, with 130 per
sons placed in positions, continued to
lead all other offices in the state dur
ing the week ending April 14, accord
ing to the regular report of M. L. Ship
man, commissioner of labor and print
ing, made public tonight. Five hundred
and fifty seven persons were given
jobs during the week. •
Charlotte, with 100 persons placed,
and Winston-Salem, with 96. were sec
ond and third, respectively.
The full report follows:
Male
Registrations . 536
Requests for help .. 729
Referred . 543
Placed . 475
Fem.
184
82
110
82
Tot.
720
811
653
557
Skilled . 52
Unskilled . 351
Clerical and Professional . 57
Domestic .-. 56
Industrial .,. 1
Total .
Asheville .
Charlotte .
Greensboro ...
New Bern ....
Raleigh .
Wilmington . .
Winston. Salem
1
Male Fem.
76 IS
94 6
27 15
43 6
34 12
123 7
778 18
475 82
557
Tot.
94
100
42
49
46
180
96
557
Totals
ATLANTIC COAST LINE
Depart. Arrlve<
Effective Muck 1. 1923
•3:40 A.M. Raleigh <fc North • t:00A.M,
5:30 A.M.. .South & West.. 11:40 P.M.
Sleeper to Columbia Open 10 P.M.
8:16 A.M..... North . 6:05 P.M.
8:30 A.M... Fayetteville .. 8:00 P.M.
8:30 P.M.. .South & West.. 12:50P.M,
' Sleeper to Atlanta
8:00 P.M.New Bern .... 12s40F.M.
3:30 P.M.... Southport ... 12:60 A.M.
t6:30P.M.... Fayetteville .. .tll:06 A.M.
7:00 P.M. North . 9:45 A.M.
Sleepers to Washington and Norfolk
•Dally to Goldsboro, but does not run
to Richmond and Norfolk Sunday,
tTuesday, Thursday, Saturday only.
For Information, Phone 160.
SEABOARD AIR LINE
Depart, Dnily. Arrlv*
4:00 A.M. Charlotte ....12:15 A.M.
Sleeper to Charlotte Open 10 P.M.
8:10 AM. WR.-Ruth’fordton 5:35 P.M.
3:40 P.M. Charlotte ... .12:20 P.M.
Parlor Car to Charlotte
For Further Information, Phone 178
PfiONU
COAL
BmOKsi* i
W. B. THORPE & CO.
BDPPIiUtt'
BLUE RIBBON SPRINGS
“For Restful Sleep”
W. MUNROE & CO.
15 S. Front Street
“Four Money’s Worth Always”
BRICK—LIME—
CEMENT-SHINGLES
Do not keep your men waiting for material, order from
us and get prompt delivery
Roger Moore’s Sons & Co*
125 Princess Street Telephone No. 154
AND SAFETY
We have for sale a varied list of high-grade securities
which we can recommend to Investors. We can invest for
you any amount from $100 and upward at or near this rate
of Interest.
C. P. BOLLES & COMPANY
Dealers In HIGH-GRADH SBCtJRITIBS
Telephone 20. 006 Murchison Bank Bldg.
Royal Electric Cleaner
CITY ELECTRIC COMPANY
206 PHIHTCESS. PHOIVE 005
Statement of Condition of
Tli3 Murchison National Bank
” ; ' Of Wilmington, N. C.
At tltw Close of Business April 3,1923
, RESOURCES
Loans and discounts .....• ••? 8,874,182.51
Customers’ liability acceptances ....... 300,000.00
U. S. bonds ............. ... 729,450.00
Banking building .. 368,600.00
Bonds and other securities.. . . .160,500.00,
Cash and due by banks ”.--.. • • • • • • 3,494,160.55
TQTAL ......../... , • • • .$13,926,893.06
LIABILITIES
Capital stock ...... ......,..$ 1,000,000.00^
Surplus and net profits ... • • 1,165,839.74
Reserved for taxes ......... • • • 65,293.11
Circulation .... 541,600.00
Acceptances . . . ... , 300,000.00
Rediscounts with federal reserve bank... 614,000.00
Deposits . 10,240,160.21
TOTAL
.$13,926,893.06
/