T
COTTON
=====-=r=i
yf,W YORK COTTON MARKET
NE\V YORK Aug.. 2—The failure
f'mili interests both her and In Eng-, i
,,d to regard the bullUh government t
D(1rt seriously was an Important «
factor in checking the further advance £
cotton prices which occurred today. <
L jn the session, after having op- i
oert generally 15 to 20 points high- t
' October advanced to 22.86 repre- S
',in= 45 points ease over the prev- <
"‘1S c“ns$ and about 200 . points ad- 1
■,nce in the past two days. - <
\t this level local sentiment chang- t
a;-,0„t to the bear aide because of
L rlimerous reports to the effect that £
cn when offered cotton at a rela- 1
•ively low basis, domestic mills Hefus- 1
‘! ,■ Vmy, and it was also announced
list trade in the cotton goods markets £
,afl shown no improvement whatever, 3
; thP result of the bullish report and 1
L, eastern mills have large stocks
= cloths to work off and are accumr £
dating more. This, with predictions 1
('“‘r eimivers in the southwest ,led to 1
inuidation which grew heavy in the
; M hour, featured by heavy-offerings 5
I,? western cotton bought on the report <
relay.
The result was a: violent reaction £
,. , carried October contracts down 1
it and left the market at the
( cVharelv steady and five o 81 points
„pt' lower. In other . words, about »
of the week’s recovery Was lost.
nf the forenoon strength in the
market was due to a continuation of
,ic unfavorable Texas crop news. High '
•' rnneratures again prevailed in that
jjjt'p and In Oklahoma, causing num
5 complaints and some estimates
-f ?. greatly reduced yield, all though
; ere were, at the same time, private
; -s declaring that Texas could jrtitl
i,ke a bumper yield if it gp^ a good
,Si,, within the next few days;
4trending the late Afternoon break
-t. reports that showers were ex
ited in Texas, along with cooler
yea'her and the selling also was stlmu
•=,i by unfavorable reports as to po
■iCa] conditions in Europe. At the
core of the day sentiment was very
uh mixed but more bearish than 1
.ti.erwiee. mainly because of mill In- '
Mn v
High
.22.86
.22.80
.2.60
. 22.68
.22.60
Low
22.17 22.25
Previous
Close Close
22.11 22.12-15
21.93 21.99-22
22.01 22.05-10
1.97 22.02-06
Opening: October 22.50; December
Mi; January 22.30; March 22.30; May
;.S0.
22.41
23.33
22.16
22.15
22.10
\EV ORLEANS COTTON MARKET
VEW ORLEANS, Aug., 2.—Moder
ately wide net advances in^ the early
Itr.T.Iing in cotton were replaced by
moderately wide net decline* In the
latter trading, the market being about
tarv in the second half sesion as it
was strong in the first naif. It closed
radically at the bottom at net loses
■„ the day of 23 to 32 points, October
ringing from 21.65 in its final sales,
'"favorable European political news
ts generally regarded ds the main
•.iron for the weakeness, although the
market also had to stand a voulme of
roige selling. Easiness in the stock
: irket was also a factor.
E?.rlv part of the day after the ef
i.cts of a much better Liverpool than
ms expected had worn off, the main
■nfiuence was the drouthy weather In
rexas and Oklahoma, along with eom
Lints of hot winds In some sections
(f those states, and of rapid deteroria
tion of the crop over large areas. Com
plaint? of too much rain in the eastern
,fit and of the rapid increase of the
■•nil weevil, helped to send the values.
The market hardened a great deal
f realizing came from the long side
tad hedge selling increased. In the
:a?t hour the presure against prices
MS heaviest and breaks were rather
violent, finally landing the positions
;; 32 points under the last Quota
s':? of yesterday . with October off
to 21.62. ‘ p ,
Previous
High Low Close Close
22.33 21.62 21.62-65 21.89
r,ps.'. .22.38 ’21.66 21.66-67 21.98
an. . . . .22.30 21.64 21.64 21.87
■■larch . . .22.37 ’ 21.68 21.68-69 21.92
■Jay . .22.16 22.64 21.54-59 21.82
Opening: October 21.10; December
IMS; January 22.09; March 22.17; May
.1 07.
daily cotton table
Port Movement.
Tew Orleans: middling 2275; receipts
'!: exports 1,469; sales 118; stock 47,
Galveston: middling 2290; receipts
G: rales 230o'; stock 19,242,.
Mobile: middling 2250; stock 849.
Savannah: middling 2275;^ ..receipts
M: stock 12,970.
Charleston: Stock 23,922.
'Viimington: middling 2200; receipts
1: stock 3,941.
Texas Cltv: stock 4.
Norfolk: middling 2250;; receipts 140;
'r,ek 20,693.
/Baltimore: stock 500.
Boston: middling 2365; stock 4,600.
Philadelphia: stock 3893.
Miv York: middling 2350; exports
-Me stock 36,769.
Minor ports: stock 2,618.
Total today: receipts 1678; exports
,;5?: stock 177,083.
Total for week: receipts 21,68,9; ex
erts 48.538.
Total for season: reecipts 3,042; ex
trts 9,156.
Interior Movement.
Houston: middling 2270; receipts"
’-1: shipments 2095; sales 2223; stock
1.125,
1 Memphis: middling 2275; receipts 92;
mpments 426; stock 56,616.
Augusta: middling 2275; receipts 56;
Mpments 249; sales 160; stock }3,
Louis; middling 2250; receipts
T- shipments 197; Stock 5,598.
Atlanta: middling 2300.
Li'tle Rock: middling 2325; receipts
'■shipments 71; stock 12,73.4.
Dallas, middling 2250; sales 10,655;
Montgomery: middling 2300; sales 4.
Jetal today: receipts 1877; shipments
Stock 112,781.
tJ NAVAL STORES
JACKSONVILLE, Aug., 2.—'Turpen- i
.. firm; sales, 448; receipts, 768; '
foments 277; stock 8,959. /Rosin firm;
|;es 1.334; receipts 2,761; shipments, i
G Stock, 104,229. ■
Juote; R to H 4.65; 1 4.67 1-2; K ;
Z "M 4,72 1-2;. N 4.82; W(J 6.17 1-2; ;
'A a 54
NAVAL STORES.
f avannah, Aug. 2—Turpentine firm
, < to 88; sales 527: receipts 1,241;
“'^TtK 206; stock 12.102.
, JR>r> firm sales 1,296; receipts 4,00»;
"Omonts 4,132; stock 88,923. Quote:
‘PCH1KM 467 1-2; N 486;
52°; WW 535.
GRAIN
CHICAGO GRAIN ,
CHICAGO, Aug., 2.—With no export
emand of any consequence in sight,
Pd gossip current that Europeans werc
elling wheat bought in the United
tates wheat slipped down In price to
ay after scoring a small advance. The
aarket closed unsettled, 1-2 at 5-8 cnt
o 1 cent net lower, with September
7 1-4 a.t 97, 3-8 and December TOO .1-2
o 100 6-8. Corn finished ■ unchanged
o 1-4 at 3-8 oft. oats 1-8 at 1-4 to 3-8
ent'down and provisions at 5 to 20
ents oft. • ■ / ' '
WHEAT— Open High Dow Cloe
iept. . .. .97% .98% .97% .97
)ec. . .. 1.00% 1.01% 1.00% 1.00%
lay . ...1.05% 1.08% 1.05% 1.05%
CORN—
ietpt. . .. .77 -77% .76% .76%
)ec.63% .63% -.63 .63%
lay . .. .65% .65% .65% .65
■ OATS—
Iept. . .. .85% .35% .35 .34%
>ec. . .. .37% .37% .37% ’ .37%
lay . .. .40 .40% .39% .39%
LARD— -
Iept. . .. 10.77 10.82 10.65 19.65
)ct. . .. 10.87 10.80 10.77 10,77
RIBS—
Iept. . .. 8.25 8.27 8.10 8.10
let. . ... 8.20 8.25 8.05 8.05
SOUTHERIV MILL sTCiCKS
Quoted by
R. 8. DICKSON AND COMPANY
GaMsaia, N. C.—Green*boro. N. C.
July 20, 1023.
Bid | Ait
NaroaT
Vcme Spinnihg Co. ..
Arcadia Mills .
Vm. Spinning Co....
i.m. Yarn and Proc. Co. pfd
8.m. Yarn and Proc. Co. pfd.
Vnderson Cotton Mil’s ...
Arlington Cotton Mills ...
Vragon Cotton Mills (S.C.) .
Ircade Cotton Mills.
Vrrow Mills .
Vugusta Factory .
3elton Cotton Mills .....
3elton Cotton Mills, pfd ..
3eaumont Mfg'. Co.
3ibb Mfg. Co. .
3rogden Mills .
Jlara Mfg. Co. .
Jlifton Mfg. Co. .........
Jabarrus Cotton Mills
Cabarrus Cotton Mills pfd
Jha-dwick-Hoskins Company
105
325
105
101
113
120
120
70
65
93
365
165
110
95
140
135
106
111
296
116
108
116
126
97
115
68
96
II6
112
99
142
20
105
100
240
88%
136
16
99
155
105
130
(par 625)
Jhadwick-Hoskins Co. pfd.
Jhina Grove Cotton Mills
Jhiquola Mfg. Co.
Jhiquola Mfg. Co. pfd...,
Calhoun Mills .
Dannon Mfg. Co. (par $10)
plover Mills ..
Climax Spinning Co. —
Crescent Spinning Co. ...
Columbus Mfg Co. (Ga.) .
Converse, D. E. Co.
Darlington Mfg. Co. .
Dixon Mills .'.....
Drayton Mills .
Dunean Mills pfd ..
Dunean Mills, pfd.
Durham Hosiery "B” .
Durham Hosiery pfd.
Eastern Mfg. Co.
Eagle Yarn Mills .
Eagle and Phoenix (Ga.) .
Efird Mfg. Co.
Enterprise Mfg Co. (Ga.) .
Erwin Cotton Mills Co. .
Erwin Cotton Mills Co. pfd.
Flint Mfg. Co.
Gaffney \Mfg. Co..
Gi.’ison Mlg. Co.
3iobe Yarn Mills, (N.C.) .
Gray Mfg. Co.. —
Glenwood Cotton Mills .L49
Gluck Mills .,.|124
107
109
114
88
129
100
12%
12
93
155
145
90
130
103
149
99
124
59
125
reenwood Cotton Mills
Grendel Mills .
Grendel Mills, pfd. par $50
Graniteville Mfg. Co..
Hamrick Mills .<.
Hanes, P. H. Knit. Co.
2;5
150
48
170
ISO
12%
tianes, jr. n. a.uu. ..
Hanes, P. H. Knit Co. pfd 1103
Henrietta, 7 P. C. pfd.
Hillside Cotton Mills (Ga)
Hunter Mfg. and Com Co.
P. C. pfd .
Inman Mills .
Inman Mills, pfd.
Jennings Cotton Mills ...
Judson Mills .
Judson Mills pfd, ........
King, Jno. P. Mfg. Co. ...
Lancaster Cotton Mills —
Limestone Mills .
Lnford Mills .
Lola Mfg. Co.v...
Lockb Cotton Mills Co. ...
Laurens Cotton, Mills ...
Mansfield Millp .
Marlboro Cotton Mills ..,
Mills Mill ...
Mills Mill, pfd. ...
Modena Mills ..
Monarch Mills (S.C.) .....
Lvlollohon Mfg. Co..
Mooresville Cotton Mills
Musgrove Cotton Mills ..,
Myers Mill .
Myrtle Mills ..
National Yarn Mills- .....
Newberry Cotton Mills ...
Drr Cotton Mills ..
Orr Cotton Mills pfd.
Parkdale Mills .
Pacolet Mfg. Co. ..
Pacolet Mfg. Co. pfd. ...
Pelzor Mfg. Co..
Piedmont Mfg. Co. (S.C.) .
Perfection Spinning Co. .
Poe, F. W. Mfg. Co.
Poinset Mills ..
Prisoilla Spinning. Co.
Ranlo Mfg. Co.
Rex Spinning Co..
Rex Spinning Co. pfd. ...
Riverside Mills par $12.50
Riverside and Dan River ;
pfd. ..
Rowan Cotton Mills Co.
Roanoke Mills, let pfd. ...
Roanoke Mills 2nd pfd.
Rosemary pfd. ... ..
Rhyne-Houser Mfg. Co. ,.
Saxon Mills • • • • • • • •••••-••
Seminole Cotton Mills Co. ..
Siblex Mfg. Co, (Ga.) ....
Spartafi Mills- .
Sterling Spinning Co.
Stowe Spinning Co. ...
toxaway Mills, par $26 ...
Jnion Buffalo Mills ......
Jnibn Buffalo Mills 1st pfd
Jnion Buffalo Mills 2nd pfd
^ictor-Monaghan Co.
IHctOr-Monaghan pfd
Victory Yarn Mills Co.
Victory 8 per cent pfd.
Ware Shoals Mfg. Co.
Watts Mills, 1st pfd. .
Watts Mills 2nd pfd.
Winget Yarn Mills
Wlsoassett Mill* Co. .
Wllliamston Mills ...
Woodslde Cotton Mills
SVoodslde Cotton Mills pfd
Woodruff Cotton Mills
00
270
156
101
255
163
100
175
150
130
94
104
165
145
165
90
285
100
90
141
16%
171
111
137
141
101
121
92
100
14%
34
100
94%
95
106
161
100
6t>
130
50
161
13%
107
100
100
163
102
191
145
125
124
87
65
109
155
129
112
95
114
100
149
149
94
126
110
50
125
161
96
110
150
176
92
87
9%
309
(108
95
102
120
150
133
129
89
71
112
166
131
114
93
118
200
102
153
99
130
113
58
135
71
91
10%
316
98
90
109
100
160
110
94
34%
93
64%
135
111
92
103
100%
125
74
165
170
128
91
1$5
100
101
100
97
113
106
63
165
121
93
36
80
94
55%
138
114.
96
200
135
81
131
93
175
COTTON SEED Oil
NEW YORK, Aug. 2.-—A weakened
echnical position in consequence of
iVednesday’s heavy covering movement,
■omblned with easier lard and prospec
ive ample new crop supplies, brought
ibout a lower "' range in cotton seed
>11 final bide being near the lewest
ind 18 to 27 points below the previous
dose. Sales 18,800 barrels; prime crude
tomlnal; prime summer 'yellow spot
• 76 at 10.10; September 9.54; Decem
ber 8.80; March 8.40, all 'bid.
COFFEE AND SUGAR .
NEW YORK, Aug. 2.—Raw sugar
lrmer; Spot Cubas 6.03 for .centrifugal
defined unchanged; fine granulated
Spot ooffee steady; Rio 70 1084; San
os 4s 13 to 14. y '
NEW YORK, Aug. 2.—-United States
government bonds closing: Lierty 3
l-2s 100.2; firsts 4s 98.1: secopd 4S,
>8.3 id; first 4 l-4s 98,4:Jsecond 38.5;
:hlrd 9?.2«; fourth- 98 7: trOaeuryrt 1-M
19.22. y . < - y " ‘ ' ,
/ STOCKS
I NEW YORK STOCK MARKET
NEW YORK, Aug., 2-—Heavy selling
of the railroad shares unsettled to
day’s stock market after an early in
terval. of strength. Trading, however,
was relatively dull, with the large
bulk of the day’s business ©oming
from professional sources.
Freneh and Belgian francs dropped
to new low records for the year in
response to Premier Baldwin’s speech,
in the House of Commons, setting forth
that there was no hope of an agree
ment between Great Britain and France
or German reparations. The French
franc 6ank ,to 5.71 cent or within a
point of the low of all time,, and the
Belgian franc was down to 4.57 3-4;
but both rallied later.
There was nothing new in the day’s
news to account for the selling of the
railroads. . Northwestern Ralls wore
again the’ hardest hit. bear operators
laying stress on the failure of several
of the large systems to earn their
fixed charges in recent months. Rail
officials recently have pointed out that
the first six months .of. tile year were
the W'Orst for those toads and large
sums have been expended for equip
ment this spring and summer to get
them In shape for moving the heavy
traffic this fall. Rumors of new financ
ing by the St. Paul system also were
circulated during the day but these
lacked confirmation.
Great Northern preferred dropped
to the lowest quotations since 1895,
and St. Paul, preferred. Rock Island
refI ern n cl fl nn,l
common and 8s and 7s per cent prefer
WBst Virginia and Union Pacific sold
off.
The average of 20 leading indus
trial* showed a light gain on the day
but United States Steel, American Can
and some of the other so-called piva
tol stocks registered fractional reces
sions after having sold above yester
day’s closing prices.
There was . heavy buying for the
short account in the early part of the
, session as a result of the unequally
favorable earnings report recently
published by United States Steel, Am
erican Locomotive, General Motors,
Foundation Company, Bethlehem, Stu
debaker and other large Industrial
concerns.
The selling of rails ino the face of
the report of record breaking oarloau
ings for the week ending July 21 was
somewhat of a surprise. Speculative
fear of radical railroad exchange in
the next changes were factor in this
liquidation.
Total stock sales 566,100 shares.
Twenty industrials averaged 88.20,
net gain, 24.
High 1923, 105.38; low 86.91.
Twenty railroad averaged 77.28; net
loss .63.
High 1923, 90.63; low 76.85.
\
NEW YORK STOCKS
Name:.
Close
pfd.
Allied Chem. and Dye
Am. Bosch Magneto
Am. Can ./..
Am. Car and Fdry.
Am. Inter. Corp.
Am. Locomotive
Am. Smelt, and Ref.'
Am. Sugar .!.
Am. Tel. and Tel. ..
Anaconda- Copper
Associated Drygoods'
Atch Tp. and S. F. .
A. C. L.
Atl. G. and W. I.
Baldwin Locomotive
B. and O
Beechnut Pkg.
Bethlehem Steel
Canadian Pacific
Central Leather
Cerro de Pasco
Chandler Motor
C. and O.
C. M. and St. P.
C. R. I. and P.
Chile Copper
Coca Cola ....
Consolidated aGs
Consolidated Textile
Continental Can
Corn Products
Crucible Steel ...
Cuban Am. Sugar
Cuba Cane Sugar pfd
Endicott Johnson ...
Erie ..
Fa. Players-Lasky
General Asphalt _
Gen. Elec. ... f.... .
Gen. Motors .> .
Great Northern ‘pfd.
Gulf States Steel* >..
Inspiration Copper
Inter. Harvester ....
Inter. Mer. Mar. pfd.
Inter. Paper
Kelly Springfield ..
Kennecott Copper
Lima Locomotive ....
L. and N.
Mack Truck ......
Marland Oil .
Middle States Oil ....
M. P. pfd .
N. Y. C.
N. Y. N. H. and H.
N. and W. ........
N. P.i
Okla. Prod, and Ref.
Pacific Oil .
Pan-Am. Pet.
Penna. .
Phillips Pet.
Prod and Ref ....
Pure Oil .
Reading .
Republic I. and S. . .
Reynolds Tobacco B.
Royal Dutch, N. Y. .
St. L. and S. F. ....
S. A. L ..
Sears Roebuck ....
Sinclair Oil .
Sou. Pac. ..
Sou. Ry. ' ..
Sou. Ry. pfd. . N. .. .
Standard Oil Of Calif.
Standard Oil of N. J.
Tenn. Copper ....
Texas Co.
Texas and Pac.
Tobacco Prod. A.
Transcontinental Oil
U. P. ..
United Fruit ....
Un. Retail Stores ..
U. S. Ind. Alcohol . .
U. S. Rubber .
U. S. Steel ..
Va. Caro. Chem.
West. Elec.
Calif. Pet. .
38 >-96
66% 66
11%
73
ml
14
57%
72
-28%
74%
23%
34
ai%
34%
81%
88%
73%
80%
7
28%
98
11%
101%
59%
1%
82%
61
43%
22%
«*
75%
**{
41%
18%
6
73%
22%
86%
32%
66%
S3*
41 i
15%
80%
5%
127%
167%
71%
S3*
8ii
56%
19%
43
23%
iSS*
iti
66%,
.72%
14
28%,
72%
30%
'61%
88
71%
29%
6%
26%
101
57
59
«0%
73%,
43
41%
85
66%
8%
15%
80%
5%
126%
71 %•
39
19
dry goods market *
NEW YORK, Aug., 2.-—More general
buying of small- lot* of cotton gopds
in the unfinished state were reporter
today. Prices were steadier; the busi
ness done in worsted dress goods was
large and the larget producer will
have to Cut its orders to insure de
liveries. Raw silk was slightly firmer
and burlaps steadier. Jobbers report
ed a little better trade. ,
LIVERPOOL COTTON
LIVERPOOL, Aug. 2.—Cotton: Spot
fair demand; prices firm; good middling
14.11; fully' middling 14.01; middling
13.86; low middling 18.81; good Ofdl- j
nary 13.11; ordinary 12.81.
Sales 5*000 bales, including 2,900
American.
Receipts 4,000 bales; including 1,900
American. , ..
Futures closed steady; August 18.29,
October 12.69; December 12.40; January
12.34; March 12.25; May 12.17.
1 ■ , - ,.:
BONDS
NEW YORK BOND MARKET
NEW YORK, Aug., 2.—Considerable
irregularity developed in today’s bond
market with the .... weakness of/the
French municipal and certain western
railroads bonds as the chief features.
United States government issues held
steady.
«d publication of Premier Baldwin^
speech of the Franeo-Brttish empasso
on reparations. Bordeaux sixes and Mar
sellies 6s lost on the day while other'
aotive isues also yielded.
St. Paul convertible 4 1-2 and "Katy”
sixes series C each dropped to new
low records for the year, Northern Pa
cific fives, sefies P. and Minneapolis
St. Louis refunding fours each sold or.
Gains were- recorded by St. Paul re
funding 4 l-2s, New Haven convertible
sixes and Seaboard Air Line adjust
ment fives and refunding fours.
Eastern Cuba sugar 7 1-2 up 1 3-4,
and Cerro De Pasce 8s were the stroAg
spots In the industrial group.
Total bond sales par value, $6,263,
000.
Ten first grade railroads averaged
86.41; net loss .06.
Ten secondary rails averaged 82.20;
net loss .04. , •
Ten public utilities Averaged 86.09;
net gain .19.
Ten industrials averaged 93.02; net
loss .03.
Combined averaged 86.98; net gain
.03. * ‘ .
Combined averaged month agn 86.30;
year ago 90.61. ■
„ NEW <FORK BONDS
Foreign Bond*.
Argentine 7b . 169%
Domin. qf Canada 5%s 1929 ....101%
Frenoh Republic 7%s, .>■•.** 93%
King, of Belgium 7%s ......,.-99%
King, of Denmark 6s . 96%
Swiss Confederation 8s ..115%
U. King of (J. B. and 1. 5%s 1937 101%
U. S. “fef Brasil 8s . 98%
U. S. Of Mexico Ss -....... 52.
Railway and Miscellaneous Bonds
Am., Agric. Chom. 7%s .......... 97
Am. Smelt, and Kef. 6s ......... 90%
Am. Sugar 6s .•••„■• • ■ • • »101%
Am. Tel. and Tel. cv. 6s .116
Atchison gen. 4s
B. and O. cv. 4%s
Central Leather 5s
89% i
80%
97% J
C. and O. cv. 6s ..
99% ,
69
75
C. B. and Q. ref. 5s
C. M. and St. P. cv. 4%s
C. R. I. and P. ref. 4s .
Chile Copper 6s ... 99%
Colo, and Sou. ref. 4%s .82
Erie gen. 4s .45%
oodyear Tire 8s 1931 .102
K. C. S.. ref. 5s ..85%
Kelly Springfield Tire 8s .107%
Mexican Pet. 8s.108
M. K. and, T. pr. lien 5s . 76*%
M. P. gen. 4s . *2%
N. Y. C. deb. 6s .. .1.103%
Penna. gen. 5s ..100
87
73
63
92
94%
Reading gen. 4s .
St. L. and S. F. adj. 6s ...
S. A. L. con. 6s .
Sou. Pac. cv, 4s .
Sou. Ry. 6s' .
Sou. Ry. 6%s 101%
U. P. 4s . 92%
U. S. Steel 6s .101%
Wilson and Co. 7%s 96%
Sou. 4s ... 64%
S. A. L. 5a . 28
FEDERAL RESERVE STATEMENT
WASHINGTON, Aug. 2.—Combined
resources and1 liabilities of 12 federal
reserve banks at the close of business
August 1, were reported tonight by the
federal reserve board in the thousands
of dollars as follows:
Resources:
Total gold held by banks - 994,479
Gold with F. R. agents .2,048,062
Gold and gold certificates - 344,561
Gold settlement fund, F. R.
board ... 650.318
Gold redemption fund . 66,725
Total gold reserve .8,109,666
Reserve other than gold - 84,085
Total reserve. .•••••».3,198,724
Non-reserve cash .. 66,492
Bills discounted:
Secured by -S, government
obligations .. 381,862
Other bills discounted . 424,575
Bills bought in open market 182,630
Total bills on hand , . 989,067
IT. S. bond and -notes . 83,802
U. S. cert, of indebtedness .. 9,991
Municipal warrants . 10
Total earning assets .1,082,870
Bank premises ■ 53.360
5 per cent redemption fund
~ against F: R. bank notes
Uncolle(;ted items .
All other resources
193
578,520
12,982
.41,988,141
iTi tal resource* .
Liabilities:
Sapital paid in 1Q9.497
Surplus . 218,369
Deposits:
Government . 41,584
Member bank, reserve acc’t. .1,879,504
Other deposits . 23,463
Total deposits .1,944,551
F. R. notes irl actual circula
tion
.2,187,729
1,556,
508,543
17,896
4,141
F. R. bank notes In circulation
net liability .
Deferred availability items
All other liabijities .
Total liabilities .
Ratio of. total reserves to deposits
and F. R. note liabilities combined 77.3
per cent.
Contingent liabilities on bills pur
chased for foreign correspondents 33,
133.
NEW YORK COTTON LETTER ;
NEW YORK, Aufr, 2.-—The cotton
trade has not taken with, the seAos
ness that speculators accepted yester
day the government condition report.
jEfeis is evidenced by quoted easiness
in the basis for spot cotton south ana
advices that mill demand is Very poor.
This can be readily understood when
one looks ait the dry goods market
here which was strong yesterday at
8 1-2 for 64 x 60s and mills with
drew their selling orders Only to find
that this morning buyers were unwill
ing to act believing in ' lower prices
for cloths. Later in the day however
clothi was advanced to 8 8-8 c with
very •small business reported done as
it is felt the cloth market may ease
down nather than advance ait this
time. In the afternoon he futures mar
ket found buying power diminished
and. in an effort to realize profits prices
receded easily:* The selling was in
duced by the expeotaancy of rains in
Texas and Oklahma. Since the'market
closed there is an unofficial report of
light rain in Texas. The market is
highly sensitive to poor trade condition
on one hand and western weather with
the possibility of boll weevil influ
onoes can easily produce ^erratic price
movements. But in view of, the on
coming crop ,and the failure of trade
demand to broaden accepting the short
side of the market on strength ap
pears to present favorable opportuni
ties. Oetobsr Liverpool due Friday 12:
48. - .■ . • •
—ORVIS BROTHERS & Co
WEATHER Ht’RE-AU A
Wilmington, Aug. 3, 1923.
Meteorological data for the 64 hour* I
enuing 3.90 p, m. yesterday.
Humidity ReeorJ.
Dry We*. Relative
bulb bulb humidity
teii-.o. temn. per cant
8 a. m.76 74 91
12 noon .83 77 76 .
'Temperature: maximum 85; mini- ,
mum, 73; mean 79. *
Rainfall: total foT the day, 09; total .
sinde first or month, .10,_ /
use muse.
Htgh
Wilmington ... a :l3 a. m*
2:48 p. m. '
Masonboro Inlet
12:11 p. m. ■
Sow.
8:40 a. m.
10:18 p. m.
6:14 a. m.
6:41 p. m.
Sun. rises
Sun’ sets
.5:25
.7:11
Stage of river at Fayetteville at 8 a.
m. yesterday was 13 feet. •
WEATHRlt B (JKBAP MBPOB/TS.
STATIONS
Temperature:
a*
® Cm
Sk
M
in
JQ
33
8"
£5
Abilene .
Asheville ...... clr
Atlanta ... .pt cldyl
Augusta cldy
Birmingham .... clr
Boston _____ clr
Charleston: .... clr
Charlotte -. .pt cldy
Chicago , n :. clr
Galveston .. cldy
Jacksonville .. cldy
Memphis ..'.. cldy
Mobile . cldy
Montgomery .pt cldy
New Orleans pt cldy
New York .... elr:
Okla. clr
Palestine . clr
Pittsburgh .... cldy
Raleigh ..pt.. cldy
Savannah .... cldy
Shreveport ..... clr
St. Louis .... cldy
Washington .... clr|
82
88
90
86
80
84
84
72
88
86
88
86.
90
86
78
102
100
90
86
88 '
92
82
84
72
60
66
72
68
56
76
70
72
8f>
74
78
74
70
78
62
72
74
70 .
68
74
78'
76
66
I -0
I -0
1 .22
.0
.0
.44
.0
.0
.0
.0
.01
.06
.0
.54
.0
:o°
.0
.0
.0
.0
.04
.0
CHICAGO LIVE STOCK
CHICAGO, August 2.—Cattle: 9,000
active: better grades most killing clas
ses 25 cent higher; spots up more on
yearlings; top matured steers best long
yearlings 10.70; bulk steers and yearl
ings 9.00 at 11.00; plainer grades uh?
even; bulls weak to lower; vealers
25 to 50 higher; stockers and feeders
steady; grain fed about 700 pound
beef heifers 10.40; less desirable kinds
10.00; heavy 16ng' fed heifers upwards
to 10.00; some weighty mellow cows
7.00 and above; most fat cows 6.00 at
7.00; some at later price looking sharp
ly higher; 6aftfiers: and cutters mostly
275 pounds at 3.86. Few bologna bulls
above 4.75; bulk 4.25 at 4.50; dry beef
beef bulls of value to sell at 6.00 and
above active.
Hogs: 22,000; generally 15 to 25 high
er; desirable grades showing maxi
mum advance; bulk good -and choice
160 to 240 pound average 8(00 at 8.10
top 8.15; good and choice 250 to 325
pound butchers : 7.50; packing sows
mostly 6.75 at 2.00 estimated hold over
10,000.
Sheep: 12,000; fat western lambs 10
to 25 lower; spots more; native fat
lambs and sheep generally steady cuss
steady to strong; bulk western lambs
12.50. at 12.85; top to city butchers
12.85; good and choice native 12-00 at
12.25; culls mostly 8.50 at 9.00.
MONEY MARKET.
NEW YORK, Aug. 2.—Call money
easy; high 5; low 4: ruling • rate 5,
closing bid 4; offered at 4 1-4: last loan
4, call loans against acceptances 4 1-2.
Time loans Krm; mixed collateral «0
'to 90 days 5 1-4, four-six months 5 1-4;
prime commercial paper 5 per cent.
Cabinet Council Held
On Italy’s Hun Note
LONDON, Aug. 2.—Italy’s written
reply to the British reparation com
munication arrived In London after
Prime Minister Baldwin’s speech had
been delivered. A cabinet council was
held in the premier’s room after the
house rose to . consider further the
government’s policy and arrange plans
for the holding of another council dur
ing the recess in the event of Premeir
Poincare making a further communi
cation.
mn
.§|Ite» . „
^INSURANCE A
BONDI
■ (^ 'TMATS AI L
uiHnjiv
BURGLAR!
Builder of
H O M E
E. S. HART
A . US ’
CONTRACTOR
Route 2. WUmlncton, N. C.
COAL
"PbonS"
TS®
BrnDiK!*’ itmisj
W; a THORPE & CO.
BLUE RIBBON SPRINGS
“For Restful Veep”
W. MUNROE & CO,
IB S. Front Street '
•nrour Money's Worth Always"
Wilmington Markets
raoDco,
§§fi^H!oVl-cei»u, Pulj
VBAXi— 10 to 18 oents. Dull.
N C. BACON—Hama 26 to 87 cents;
Ides and shoulders 16 to 18 cents.
TAWjOW—Cakes, 6 cents.
BEESWAX—20 cents.
HIDES-—6 to 7 cents.
EGGS—27 cents. Dull.
CHICKENS— Pall 2$ cents; spring IS
ents; hens 25 cents; old roosters, dull,
I cents.
?RIShPpoIa.TOES—J^O to^ 15.06 a
as- n
NAVAL STORES. .
SPIRITS TURPENTINE—Nothing d6
^ROSIN—Nothing doing.
TINE TAR—Per gallon 15c.
PINE TAR—In country pine barrels
S.50.
CRUDE TURPENTINE—Virgin and
ctlow dip $5.26: scrape *4.25,
foreign exchange.
NEW YORK, Aug. 2—Foreign exc
hanges irregular. Quotations in center
ireht Britain demand 466; cables 456
-4; 60 day bills on banks 453 5-8;
France, demand 57*; cables 573 1-2;
taly demand 432; cables 432 1-2; Hel
ium demand 456; cables 456 1-2: Ger
man, demand .40009; cables .00092. Hol
and demand 3927; cables 3930. Nor
way demand 1595; Sweden demand 26 -
8; Denmark, demand 1812; Switzerland
emand 1785; . Spain, demand 1402;
Ireece demand 160; Poland, demand
1004 1-3; Czecjio-Slovakia demand 293;
lustrla, demand .0014 1-4.* Roumania
lemand 50 3-4; Argentina 4emand 3385;
Jrazil demand 1025; Montreal 97 8-8.
^ J}avid S. Oliver
INSURANCE .
I.l'e, Non-Cnnceilable Disability.
Auto Liability
1. W. Innes, Agency Cashier
004 Murchison Bldg—-Phone 840
The Best Companies, the loyeil
. Net Cost. Service I
1....
ATLANTIC COAST LIKE
Depart. A rrlve,
BffMtlTe July 1, U23
*3:40 A-M.-Raielgh & North.*13:48 A-M.
8:30 A-M...South & West.. »:40P.M.
Sleeper to, Columbia Opun 10 P. M.
3:15 A.M.. North ....... «:05 P.M,
8:30 A-M... Fayetteville ... 8:00 P.M.
3:30 P.M...South & West,.. 12:50P.M.
Sleepers to Asheville a rod Atlanta ;
{3:00 P.M. ...New Bern ....1113:40 P.M.! \
8:3»)PJd.... Southport ... 18:80 A-M.
tfc:30 P.M... Fayetteville ..{11:06 A.M.
7:40P.M.. North ..... 0:45A.M.
Sleepers to Washington and Norfolk
•Daily to Goldsboro, hut does noi run
to Richmond and Norton? Sunday.
■fTuesday, Thursday, Saturday and/
Sunday only,
{Tuesday, Thursday,!Saturday, arrives' '
Sunday 10:05 a. m.
liDail except Sunday: arrives Sunday'.
10:15 a- m., leaves 7:30 p. m.
par Information, Phoney ICO.
SEABOARD AIR LINE
tie part. Pally. Arrtrd.’ -
».00 AM. Charlotte ....*12:35 A.-M.
Sleeper to Civ.rbme Open! 10 P.M.
S:!CAM. Wll.-Ruth'tordton B:«8I'.M,
2:40 P.M. Charlotte -12;30f'.M*
Parlor Car to Charlotte
Through Sleeper to Atlanta
Per Further Information. Phone ITS
Fo:* Rent!
October 1, 1923 x < ""j
204-206 NortH Water Street ?
Now Occupied by
T. S. SALEEBY & CO. j
D. L. GORE CO.
h,. f .. ..4
mm IMTHEtS & CO.
60 Broadway
New York
Established 1872
FOR mere than half a century this firm has
rigidly maintained its conservative policy in
business transactions. ' - .
We have always enjoyed the confidence of ouri
clients and have the highest financial rating with*
the mercantile agencies.
Future delivery orders rrcciited in
COTTQN, COTTONSEED OIL, GRAIN,
COFFEE SUGAR PROVISIONS
STOCKS AND DCNDS
For Investment or Carried on Conservative-Margin
Y. Cotton Exchange
N. Y. Stock Exc?' .>
N. Y. Produce 1
' \ X x. •
MEMBERS
iV. O. Cotton Exchange
Chicago, Board of Trade
Philadelphia, Stock Exchange
: <& Sugar Exchange, Inc.
•S*
. i
Seen the
pCALCQAutomaf ic
® drainage, gate
X UIUB BlfSlU
((VUU9 J1UW «OUU
lands, by keeping land thor
oughly drained and prevent
ing back water flooding.
It riSeds so attention,
5or it is absolutely
automatic.
It works while
you deep.
These cast-iron
gates have been
installed- in connec
tion with reclamation,
irrigation and drainage
work. The Cnlco automat*
thn Innrl from ftwill.
et, tide and flood—enables crop planting at
all seasons—makes crops grow where none grew he*
fore—and never fails to work. Very inexpensive,
in any size from 12 inch to 72 inch. f
W~'*e Dell*. JO., Ga., For IlMorJott-wt FWdw an! Mm XM ,
0
W ’c Ufj". r ■ "1JJ« Tt, »wr a v ■> «■
Dixie Culvert & Metal Co.
|MWn
ta. Ga.
;v
:*9
.'jiKa