Newspapers / Greensboro Daily News (Greensboro, … / Nov. 7, 1921, edition 1 / Page 8
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GREENSBORO DAILY NEWS. MONDAY, NOVEMBER 7; 1921 MUTT AND JEFF-No Use Talking, Mutt's a Hard Boiled Egg By BUD FISHER I'M SIAD MvlTT'a WITH HS FAMICV AGAIN MUTT freAULY A f INC FAMILY MAKl! Will Last For Half a Decade Is Way Officials Of Big Cor porations View It OTHERS ARE PESSIMISTIC 8 I r v I u, . e. t'. i i y j, I - km vit Jt'uc GiM I irZT. . - . - - r T s .. ' ' ' . .- I ; l iSt. 1 Er hiS4& - ----- CP sr rr r. v rsr H Irftl. EVANS. (CnnrUM, 1921, Is FMIuklDbU Mille LMiW.) Chicago, Illi., Nov. . What is la always at outa with what la to ba and what la la now telling all aorta of stories about what la to ba. In thla city and vicinity one hears two dis tinct prophecies aa to the futur or business, and cunlously ,the two go over a period or live years, name peo ple whoa opinions are entitled to respect are Intellectual enough and oullens enough to Bay that depres alon la to continue for that length of time and that big altimpa will occur long the way, while official! of cer tain of our beat corporations are de taring that a proceaa haa now begun which la to result In extraordinary ac tivity and prosperity for halt a de cade. Probably both are wrong. There la enough resiliency In bualneaa to give lie a heave upwards from time to time and enough weakness In the rest of the world to cause fainting spells here. - Hence an Irregular movement but no dou,bt on a scale larger than the pres ent one. In the Iron and ateel Industries there Is certainly a considerable Improve ment hereabouts. The knowledge of mis fact gave American Steel Found ries a sharp upward movement voter- day. The officials of the company know or no one set that would naturally causa an tfpshoot just at thla time But they do report Improvement In conditions and evidently see every rea son why there should he an enhance ment In the value of their stock. The buying tendency was no doubt dlctat ed by the aame Impulse that has here tofore led to the picking up of one stock at a time as the proepecta of the company became brighter. The subsidiaries of the I'nltnd States Steel corporation In the falumet district are Raining quite as-much. There Is possibly a reason for ad vances In certain of the Independent stocks In the revival of the plan for a conaolldatlon of .. aeveral companies. Inland Steel has been mentioned In this connection, and the plan appears to be widening to Include some units not heretofore mentioned. Three concerns at Toledo are poeslbilltles In this con nection. Inland Steel has advanced nine or ten polnta from the low. -4aaatorJMria;w.flunibeiLntibjt, younger companies, aome of which were organised during the atreas of the war, have stood up against the decline in business. Ths report that the Inter stats Iron snd Steel company hus been called Into court In respons to an application for the appointment sf a reoelver Is correct, hut the action Is deolared to be that of disgruntled per sons and to be unjustified. Labor costs probably stands In the way of Improvement In business less than Is commonly supposed. There must unqusstlonably be further reduction In Wages but It will pome rather easily In as much as In Chicago and other cen ters ths number of persons out of em ployment Is still large. Moreover In ths majority of cases reductions have been aooepted gracefully by the work ers who have a vastly clearer know ledge of the economlo principles In volved than ever before. They are not entitled to half the crltlolsm from the public that Is de served by the large number of profi teers that we still have amnnir na There Is still a lot of 60 and 100 per cent profit In business. Ths Job printers of this city pro pose striking on Monday the 14th against an Increase of the week from 4 to 41 hours with the same pay as at present, I'ROrEKDlIHO AGAINST THF1 BX-rHINrKHS ARB qVASHED ' ISHlal Cikli N Dally lm. (fWTTllbt, !3l, Jl thUMMl PaMS) Berlin, Nov. .'Proceedings against the ra-Prlnoess Cecelia on a charge of defrauding the government by smuggling Jewelry and money abroad to relieve the financial necessities of her husband, have been quaahed. The ease arose In connection with the In vestigation of the activities of a Dutch banking house, which aided various Mohensollerns and members of the high arlstocrscy In transfer of the property to Holland through the mesh es of the law against the "Flight of capital," to escape derman taxation. Prince Eltel Frledrlch, the ex-kalaer's bum mui iirnu m iiio jiuiiniiBDi- lerns In Germany, was convicted and fined soms time sgo In connection with this ease. DO YOU SELL COTTONSEED MEAL OR COTTONSEED HULLS Wholesalers who handle cottonseed meal or cottonseed hulls should get in touch with us.' We are the largest dis tributors of these commodities east of the Mississippi, and one cialize on theso products ex clusively. We can save you money. We will give you quality merchandise. Taylor Commission Co. Healers and Exporters Realey Building Atlanta, tie. Dr. H. A. Schiffman Optometrist Hours: 9 to 12; t to 6. And by Appointment 225 1-2 8, Elm St W. W. DICK Heating Contractor Estimates furnished on steam, vapo and hot water heating, anywhere In North Carolina. M Bellcmeade. Next to Dlxta Apartment. ' t .th , ' Financial Cotton Dry Goods . ..-X - ' - " ' ' ' . . s ' S '. S-S . . ' " ' . ' ' ' s s BRINGrNG UP FATHER BY GEORGE M'MANUS I T IV 1 . '. H OH! I'M sT .Dn, v,-. . 1lt CAN'T COME OVER MRS a. k j i -I, . ... . i-ii i rv wt AKE t0 UIOAPPOIMTEOiy( ,1 ITfjTOoaAO VE WAhTEO VOU FOR DINNER -OH' THAT SO TM ilAD 1 OOKT HAVE TO "bEE i her- r tH CErTTAlNUY IN LOCK tiOtH! I'M CLAD TO , OT OUT OF THEM clothes: VE WOULD BE OCLWHTED VE-AL. RICHT- OOD 5VE DE.AR! r HAT ON WE ARC CONi OVER TO CALL. OM TMEM! ii v m I . II aasasBsaBgBB-lsssBSBSBSSaB(Bssas -.- I U-gl l-a TJLu--- New York, Nov, 6. Lower redlseounl rates posted by federal reserve banks In some cases pre-war levels Impelled a remarkable change In the securities markets last week a shift of opera tlona of stocks to bonds. These significant signs of relaxed credit conditions were not entirely of domestlo origin, as evidenced by the reduction of the Bank of England rate and that of the Danish National bank. The one deduction drawn in responsi ble financial quarters from these de velopments was that deflation, In thla country at least, finally had fallen to a level which permitted freer use of funds for constructive purposes. This theory waa offset In a measure, howover. by complaints emanating from mercantile Interests that time ihdiisy remained firm and almost nnob talnable save for the shorter maturi ties. ; Purchases of bonds Vcre most ex tensive In the United States war Is sues, particularly the various liberty 4Vs and both Issues of victory notes. Extreme advances of one to fully three points In these securities with vlotory l i at par exercised a strong senti mental effect. ' Many foreign bonds underwritten for war expenditures, notably Kronen and lielglun issues, participated sub stantially In the advance. Domestic railroad and Industrial bonds wcrs only moderately responsive although strong In the main. Rtnck market operations called for little detailed comment. Tho turn over was fairly large and diversified. but net results wore unimportant, ex cept among ahares susceptible to spe cial Influences or under pool control. While leading foreign exohanges moved within narrow limits, further sovere depreciation of German marks snd almost all other remittances to central and eastern Europe revived rumors of Impending financial and oth er economlo readjustments In those countries. New York Cotton Review, New York, Nov. 6. There were nerv ous snd Irregular fluctuations In the cotton market tho past week. Gen erally speaking, offerings have shown a tendency to inorease on advances above 18 cents for January and March deliveries, while trade buying or covering has been reported more active on declines to about or a shade under the ID-cent level. The latter has been promoted by the apparent absence of any general pressure nf spot offer ings In the south, the easing of money rates, and reiterated reports that near ly all the orop has been picked and ginned. Fresh buying on these fea tures, however, has boon held In check by uncertainty aa to tht showing ot the ginning figures this week, the weak ness of European exchange rates, the bresk in ths grain market and the un settling Influence of the few small country bank suspensions reported In two or three of tho western or southern states during the week. As a result tho market has been comparatively sensitive to Decisional flurries of liquidation or scattered selling, but has rallied whenever pressure- has tteeit--withdrawn--and-atum-sii. rather a steady tone Friday afternoon, owing to bullish week-end figures and reports of an Improving spot demand. It Is reported that prlvato returns point to a ginning of about 8.56U.U00 hales to November 1 and Indicate a rop of 7,o60.0ou or about a million bsles above the forecast based on the end-September condition figures. These figures were considered responsible for soma selling In the market here Fri day morning, but there had previously been some revision of average crop vlowa around the ring, and some of the local bulls say that their own views of the market are not based upon crop eSpSclatlons Of -below-f -mllllonr On the whole, local brokers say that sttentlon Is gradually shifting from tho exact slio of the crop to the pros pects for distribution and claim that the comparatively small business ot the past week in future was largely due to a disposition to await on develop ments In the southern spot markets. In connection with ginning returns. a number of roports havs been reoelved from the south to the effect that bales are running very light this season. particularly In eastern seotlons of the belt. This might aocount for some discrepancy between estimates of ths orop In 600 pound bales and ginning returns In running bsles. New Orleans Cottoa Review. New Orleans, Nov. (.Attar advanoes of 14 to ilt points on the opening ses sion, cotton during the last week com menced to sng under pressure from traders wlio wore Influenced by bear ish talk concerning ginning. In ths succeeding sessions prices were sent tv levels i'i to 6s points uadar (ba sluss of the preceding week and ths slose showed net losses of It to 40 points. December at Its highest stood at Is. 40 cents a pound and at Its lowest 17.75, closing at 17.86. In the spot depart ment middling lost 60 points, closing at 18.25 against 19.26 a year ago. Regarding ginning, the main feature was a private bureau report which esti mated the output to the first of Novem ber at 6.660,000 bales and the total orop at 7,660,000. While many, If not most, traders regarded these figures as altogether too high they caused con siderable selling, which helped to put prices to the lowest of the week. On the closing session another private bu reau report was heard of which esti mated that on the 1st of November there were still a million bales of cotton- t th- belt W- be gtmwt. Easier money rates. In this country and in England, were the main bullish Influences of the week, but they had little effect beyond steadying the mar ket. Towards the close the decline was cheoked by the very large mill takings of 401,000 bales against 880,000 this week last year. These takings caused a great deal of comment because the trade did not understand how they were possible with the spot markets of the belt so quiet. Bearish traders claimed that much cotton was moving to mills on consignments but the fa vorite theory on the long side was that mills were buying under cover and that large spot concerns were supplying he demand without making any noise about It, Durlng'the last four weeks, accord ing to Hester, the mills of the world have taken a total ot 1,426.000 bales, a surprising quantity of cotton in such a short period, especially In a short crop year like this. The fourth ginning report of the sea son is due from tho census bureau at 9 o'dlock Wednesday morning. Clen eral expectations are for figures of anywhere I from 6,100,000 to 6,800,000 bales to the 1st of November. Accord ing to market circulars of ths week end, anything under 6,800,noo la likely to cause an advance while anything over would probably result In a de cline. The cotton exchange will be closed Friday, Armistice Day. Cotton Goods Market Review. New York, Nov. 6. Cotton goods markets have held steady throughout the week on print cloths, fine goods and most of the finished lines. On brown sheetings there was some re cession in price on light trading. The mills are still very well occupied on orders thst will carry most of them through this month, while many mills making colored cottons, wide sheet ings and some other lines, have work enough itr hand to keejrthem employta throughout the winter. Jobbers are do ing a quiet house trade In small lots for prompt shipment. Business haa been good In oertaln lines for advance de livery, some of the finer lines of novel ty wash goods now being comfortably sold ahciul to retailors. It Is cxpocted that now prices will soon be named on percales, to bring them In line with advances previously made In gray cloths. Printers havs work enough In hnnd tO'prrrr ent cumulations this year. The finishers of cotton fabrics are running nearer capacity than at any time this year. Improvement nf a positive character has ocourred In hosiery and underwear mills anil the seasonable fall movement has reduced secondnry storks. Yarns haVe been quiet with spinners holding firm for any future delivery merchandise. The premiums commanded tor'gfado cotton are wider than usual so that mills are unwilling to make concessions on con tract goods. s Prices current In primary channels are: Print cloths, 28-inch (4x64's 6-8 cents; 6460's 6 1-8- cents; 88 1-2-Inch SixSi'c, J !-rrntsrirown- netirif. southern standards, IS cents; denims, 220's, Indigo, 10 1-3 cents; tickings, eight ouuee, 28 cents; prints 11 cents; staple ginghams 14 1-2 cents; dreBs ginghams, 80 cents snd ti 1-2 cents. COTTON MAHKKT LETTER. IBpnltl M Ptllr Nm.) New York, Nov. 6. Cotton has been dull with little change In prices or conditions surrounding the market The chief change seems to be In the trend of sentiment While speculation Is small, It has turned largely to the short side. There Is a certain feeling of apprehension over the European financial outlook which many believe to be approaching a more critical stage. This, however. Is nothing new, and the exports to date ' havt been ex ceedingly satlBfaotory under existing conditions. It Is believed that western Interests have taken a fairly substan tial position on the short side. This has been partly Induced by th conspicuous weakness In wheat and other grains. 0fsverr there la a sontlaueu small but taAdy..Mumsat..aauthrns6lllng, This Is, of courss, the most active mar ket season for cotton, and ths market Is also getting the backwash ot spot liquidation by old orop holders who failed to take advantage of th first rlss above twenty centa. Tha support of the market Is coming from the trade. There Is not apparently much to stimulate prices at th moment. The next ginning figures will probably in dicate a continuation of active ginning. We believe, however, there will soon be a perpendicular falling off In gin ning, and that the crop Is not as large aa the present rate would seem to indlcat. A realization of this fact may give some fresh Incentive to trade or speculative buying. The financial and general business situation In Europe suggests csutlon. Aside from this, the cotton situation la bullish. We continue to favor buy ing on scale down, as w look for ultimately better prices. OWATHMTCY AND CO. RURAL HALL NEWS Lsillra Aid Society Society Holds Meet I ng Personal M ratio a. tSmdtl to llilb Iml Rural Hall. Nov; 6. Mrs. Ernest Newsome spent Saturday afternoon Id Wlnston-Balem, shopping. The friends of Mrs. Willi O. Moor regret to learn that "she Is 111 with penumonla. Mrs. Thomas Yates and little son, Thomas Rogers, have returned to their home In Winaton-Salem after spending a few days with relative. Miss Mary Hello Smith, who teaches In Kernersvllle, spent th week-end here with her parents, Mr. and Mra W. A. Smith. Miss Addle Zlmmermsn spent Satur day afternoon In Wlnston-Balem, shop ping. 1 Mrs. Mollis Petre ha returned home after spending several days visiting her sister, Mrs. Vast, In David son. Mrs. Robsrt Cox and ohtldrsn, of route 1, spent Saturday her with her parents, Mr. and Mrs. J. F. Miller. Th series of meetings going on at the church of Christ Is being well at tended. Miss Lola Hudspeth, accompanied by Miss Cecil Griffin, is spending a few days with Miss Hudspeth' parents near Yadklnvlll. Mr. and Mrs. E. L. Klser and little granddaughter, France Klser, have re turned home after spending th past week In Hickory with Mr. and Mr. Oscar O. Wolff. Miss Annie Redman spent th week end with her parent In Pilot Moun tain. Mr. and Mra Thomas J. Moses and son, Elworth, spent Saturday afternoon in Wlnston-Balem. shopping. Mr. and Mrs. P. A. Griffin spsnt Thursday and Friday near Trinity with relatives. ' H. Y. Covington has returned noma after spending a few day In State villa on business. Mra J. A. P. Wolff pleasantly enter tained th Ladle Aid society of th Methodist church Friday afternoon. Tom Alderman spent th week-end with relative In Greensboro. Ths condition of Mrs. Llisie Fslch, who haa bsen 111 at her horn here. Is unchanged. Miss Lois Haymore ha returned to her horn In Mount Airy after spend ing several day a the guest ot Mis Addle Zimmerman on Route 1. 8. P. Wright spsnt Saturday In Wln-ston-Salom on business. NETHERLANDS DELEGATES ARRIVE FOR CONFERENCE They Are Met In Waahlnsrtoa By iec rotary Hogaea tereacli Delega tloa Arrive Today. Washington, Nov. . Ranks of for eign delegates assembling her for th conference on limitation of armament and far eastern and Paoiflo problem which spennxt-Saturday--wsr swelled today by the arrival of the representatives of th Netherlands gov ernment, accompanied by. a staff of technical adviser and cretarlea. They were met at th station by Sec retary Hughe and Admiral Coonts, chief of naval operations, th usual round of military courtesies being ex tended. , The Netherlands delegation 1 head ed by Jonkheer H. A. Van Karnebeak, minister of foreign affair. General Vaccarl, Italian chief of staff, and Admiral Acton, head of th Italian navy general staff, both tech nical expert who will aid th Italian delegates In the arm conference. Joined th throng of distinguished visitors In Washington tonight, and to morrow, th Frenoh delegation headed by Premier Brland and Inoludlng for mer Premier Vlvlanl and M. Albert Rarraut, minister for the colonies of France, Is scheduled to arrive. Ernesto de Vasconoellos, Portuguese delegate, also la du tomorrow. Th next (roup. Rucker's October Letter Gives Number Interesting Para graphs On Situation PROSPERITY IS AT HAND The cotton market, during the month of October, ha been largely affected which caused value to sag, according iu iua iiiuiiLiijjr toner ai nucKer wju company, Oreensboro cotton dealers. The letter reads In full as follows: The cotton market, during the month under review, has been largely affected by a number of outside Influences which, In addition to the reslstancy dis played In our dry goods trade, have caused values to sag. Great was the number of those who confidently held cotton at the time when the market was at Its height, after th govern ment had confirmed the extremely small production of cotton this year, which not only applies to our country, but also to the entire world cropa Since then, however, outside conditions have caused many friends of the staple to drop their holdings, so that at this writing the market has all the ear marks of being thoroughly liquidated. Talking of market conditions and market appearances in general. It may not be amiss to point to the fact that a great many of those who have amassed great fortunes In the old times, hav laid the foundation for their prosperity by buying stocks, or goods, or commodities, at a time when nobody els wanted them when sur rounding conditions looked darkest and gloomiest. On the other hand, ex perienced stock or commodity brokers can vouch for the fact that It Is eas iest to make people buy when prices are at the top, when everything looks bright and prosperous; whereas, ac cording to market psychology, this should be the very tlmo to sell, be cause It Is th function of the markets to anticipate and discount the future. The future, after a period of prosperity. Is likely to be on of adverse condi tions. By the sam loglo ot reasoning, tho low prices In a movement are near n. , uanA uVif.n fictiial conditions and surroundings look darkest. It seems to us that this picture oi am m roundlngs fits In with th present state of the cotton market We have had plenty of discouraging features during th past month which, we believe, have been fully discounted. Unrest, petty wars, a spectacular decline of the Ger man mark, new Impending outbreaks In the Balkan states, famine In Russia and China, trouble In India (of which w hear but little), unemployment and Increase of the cdet of living In Eu rope, eoal .hortag at tb beginning of winter such ar the causes which make for very unstable conditions In the world. All these are elements which would surely have creatod a much lower cotton market, had It not been for the fact that the supply and demand situation Is extremely bull bU. And In ths final analysis, it Is this im mutable law that will always win out. To this we must add thst the pres- .--i iMai nnflitnn nf the market. attar th. recent decline. Is exceedingly strong and Is bound to assen iusu it a very decided manner. Th weak long accounts hav been eliminated and the trade Interests will soon buy In their short hedges In the December and January options. These, hedges are not likely to be all transferred Into distant positions which are quoted at a discount Instead of a premium. This ooverlng movement may colncldo with the termination of the principal aouth ern selling and with a strong deter mination on the part of the farmer to hold very tightly to th unsold portion of his crop. 'We all know what the south Is able to do In this respect. - Let slone cotton, signs are multiply ing that an Improvement In business Is at hand. Many of our great captslns of Industry snd finance are freely and earnestly predicting a -new - era of prosperity In this country, sn opinion which Is concurred In by thoss who are in a position to know th sentiments in government circles. W bellev that the next glnners re port to be Issued November 2. will tell th tale, and that th on published two weeks thereafter will be very close to the total crop figure. Interest Is naturally centered In these two reports, but In our mind ther can be no doubt as to the ultimate outcome ot the pres ent very bullish situation of cotton. to reach Washington November 10, In cludes Arthur J. Balfour of the British delegation, and Senator George Foster Pearoe, delegate' for Australia and Australian minister for defenso, sev eral Important members of the British and Australian advisory groups are to arrive at th am time, ' 6ive&ur Crop1-" A Quick Start- Plantar know that th sursst war of boating- th Boll Weevil Is tons "PALMETTO Pish Tank afs to fiv their cotton sn ssrry Hart. Osiaateed Aaslyslst Amities ia. 1 A,tA,sH jrjSffsrasaf dSfJarasiMot sxppfy ye sswuiailnif mrfly wit A. P. Print 1. Io, CharltMtoa. S. C Geo. G. Scott. C. P. A. Member American Institute ot Accountant Walter Charnley, C. P. A. Member American Instltut of Aocountsnts Scott. Charnley and Company CertHe Public Accountants 104 North Elm Street Oreensboro, It. C. Cltlseaa Bank Building Balelgh. N. C. Americas T-rnst Co, Bank Bldg., Charlotte, N. t. I.oaa and fSxekaag Bank Balldlns Coins Ma, . c RUCKER & COMPANY Cotton Merchants GREENSBORO, NORTH CAROLINA MEMBERS New York Cotton Exchange New Orleans Cotton Exchange . CHAS. J. BLAKE GENERAL INSURANCE riRB LIFE ACCIDENT AND HEALTH BONDS AUTOMOBILH MABIXITT TORNADO 108 W. Sycamore St Phone 302 Guilford Hotel Building UnEENRBORO, N. C, BRANCH t Licensed Detectives JOHN R. TOWLE, Gea. Mgr. Formerly Asst. Mgr. WILLIAM J. BURNS1 INTERNA TIONAL DETECTIVE AOENCT. New York City Offlee. If yon have beea victimised by the bad check artist, address Bad Check Department. TOWLE'S SERVICE CO. 214 West Market Street Over 300 Operatives la N. C. Use News Want Ads B. B. TATUM Motor Trucks Teami -Tranafartt and" Liverv - We - are - tquifted - for . all classes of hauling, heavy and iight. Moving a specialty. Packing and storage. A big truck for long distance moving, picnic parties or any class of .oter tranafet. , ' 'Phone 28. Denot St. GILBERT C. WHITE CO. k Ora-aa laattea sf Civil, Maahasrlaa, Ulaetrleal aaa Chemlea! BaslaMra DURHAM. N. C. water works, power planti. iruni, aoADe . ' .
Greensboro Daily News (Greensboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 7, 1921, edition 1
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