Newspapers / Greensboro Daily News (Greensboro, … / Nov. 10, 1921, edition 1 / Page 14
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a- -.--.v.. ' I GREENSBORO DAILY NEWS. THURSDAY, NOVEMBER 10, . 1921 14 PASSAGE OF TAX BILL BRINGING UP FATHER 5TS B-T COLLY-Tm-j h-V Been , happy day care PREE AN' NCiT Strength First Displayed In Oils A CROS WORD FROM :: :-: :-: :-: :: :: :-: BY GEOKGE M lViAiNUiJ I III I I I I .nasi. w.u 1,7?! 1 II r ' I I 10 wy xrt r. I I I.I I t m .rtP WWW ZrZ?JYZ2?T... R c'4 : ... ... S 41 Anr-TJ I 1 and Later Spreads to the -General List. MARKET- IS A BROAD ONE (B; Umt Wirt lo Dally Km.) - -'(Otnrifht, lsji.tr ruucHpiii, paniu wn.l New York, Nov. . Today' mock market hid mors of the earmarks o( old time bulllBh activity than any Bou illon of the present year. The turnover of nearly (liO.ilKo shares ha been sur passed on several oi'-aeioiiH, but today's trading wan marked by. aggressive and confident buying over a very wide range of storks. The activity and utrength appeared first in ,the oil" mi ll it the leadership of Mexican Petrol eum which win favored by the exist inire'of a largo -short Interest and the announcement of a hew well. -All of the oils were strong Including Royal Dutch, Pacific Oil. Texas Company, and Texas Paclfla, Coal and Oil. Among the Industrials heavy buying made Ha appearance In the nnotura, with the transactions In General Wotora an outstanding feature. Tow iird tho close the steels got active and United Hlatea Hleel made a new high level for the present upward move ment at 83. Numerous specialties among the lmliistrlnla were ntrong, In cluding Baldwin, General Electric, In ternational Harvester and the steel and oulpment stocks generally. In view of the announcement that the western roads would ak for another wage re duction, thus bringing fresh unsettle mant Into the railway labor situation, the rail group showed a good deal of iranrih Itiriav. N'nrthern Pacific was : the ohlsf example of strength. Commodities moved in contrary fash lon. Cotton waa adversely affected by the heavy ginning report and grain ad vanced morn than two cents per bushel on a continuation of the covering which set In nearly a week ago. . MONITOR.' WA1.I, fVl'H KET fiOHSIP 1ST lanl WW) to Wilt Ureal roerrlht, it'll, hr rinu.upbi. ruhiie l.kf l Ntw York, Nov. . Today's buoy ant market was attributed generally to the passage by the aennte "f the tax bill and the expressed belief In banking quarters that the measure would emerge .from conference retain ing Its deslraBTd essentials. Htrength was displayed first In the oils and later appeared through the general list, un til tha broadest market seen In recent Mentha developed at the close. Tha bringing In of a lOii.OOO barrel wall In the Aiul field of tha Mexican J'ritroleum company was the Immedi ate Incentive for purchases of that mock, Thla new well Is within a M one's throw of the Ural Well drilled on the property. Trading In General Motors was on an enormous scale. After selling at the stock waa offered In blocks up to 8,600 Bhares each, under which It declined to UK. One houae was credited with a sale of 40,000 shares and this selling waa of a -character to which traders pay considerable atten "tldn. "An advance; of two points In -this stock, of which there are 20.600,000 shares outstanding, Is a subject f more than unusual Interest In the market . , The' most Impressive movement of the last hour of trading was that of United Btatea Steel. A block of 1.100 ahares waa taken at I1H, a second block of 1.800 ahares at and a third block of I.eOO hares at S3. In between were numerous lots of a thouaand shares or more. Home Anns were Inclined to think that the buying In the general Mat was window dress Ing In anticipation of favorable devel opments at the disarmament confer ence. Certainly .there were no newa developments la the trade which were disclosed In the day's reports which accounted for the activity. There were some laggards In the day's trading, notably the tobacco stocks. United net all Store and To bacco Products both met substantial offerings on each rally during the last week. MONITOR. V. B. EVANfC CHIC AGO LETTER. Id Uaari Win lolltlli Hm .. (ronrrliM, 1931. hr Philadelphia PoWIe Mitr.) Chicago, Nov. (.-in some respects the business of tha country has broken away from the known fact that the farmers of the west are In an unpleas ant position, with defaults on large i amounts of Indebtedness and even on taxes, with banks falling from time to time and with the conceded fact that the farmera aa a body cannot pay their current debts out of this year'a crops. The disposition to disregard this atutus of agriculture affairs which has been shown all along at the financial cen ter has abated a little, however, be cause of reoent reports that have been carried back to New York by. com- f stent men who have been Investigate ng not only In the west but In the south. The latter part "of the United the rise In ootton and aome portions of It from the prosperity of the petroleum trade. But still many concerns are In a. dubious condition. It Is on account of these facts that the word In Chicago to those who are bulling the atock market Is "not too fast." It Is admitted that In certain ways business has Improved but de clared also that we are a long way from anything which would Justify a boom. The Dakota and Montana are specially mentioned Juat now aa "hard up," and we have been hearing from Iowa and-other states In the central belt theae many months. How far we are from a completed liquidation la Indicated by the state ment In the request of Swirt and com tany to employee to consider a reduc tlon In wanes, that the labor cost of ' that conoern. which was j0 cents per ttundred weight In 1916, la now a dol lar. How little Is likely to be achieved In reducing transportation costs Is ahown by the statement of the Inter tate Commerce commission that It will rot be able to reach the question of wage reduction for several montha, crowded Is the docket. This a-lvee one tha painful feeling that the movement of railroad business Is likely to be as . badly Alogged under the Ksch-Cuniiulns law as It waa previous to the enact ment of that law. Aa to freight rates, however, the roads are now taking the matter of reduction Into, their own Bands to some extent. c. n. KVANS. Spot cotton was quoted by Rucker vvarenouse corporation , yesterany at II oenia. t Our Trade Mark The trade-mark of the Tay lor Commission Company on a ... bag means that the cottonseed meal that it holds is of first and finest aualitv. We are one of the few con cerns specializing in cottonseed meal and cottonseed hulls ex clusively. We buy from the highest class manufacturers. Taylor Commission Co. Healay Balldlagr Atlaata, fie. ' 'y's , up j-- H ' li 1 1 ' . ' . . .' . ; M I I ,,a'- l"U FiATUag iRVICI. INC. )' . irenii aiiati tiai i a nmr I co'ptoh i.oaKg UT to nit 1 ! ArtTTAii , iMMftrn Tiiiini pi Aniiii lliriirx nTPiniinprtla 1 1 Large Bnylns orders Head Prices of oils, aieela ana ninorea saarea jap- Irerlably Hlgker Mrxlraa Pelroleuna eada Market aborts gaueeaesl. New York. Nov. (Large buying orders from speculative aourcea came Into the atock market over the election day recess end prices of varloua, popu lar Issues, especially oils, steels and kindred snares were suusianuany en hanced. The broad demand for oils waa ma terially assisted by more advancea for ths crude products in almoat all parts of the country, particularly Texas, Oklahoma, Louisiana, the middle weat and other large producing centera. In tho case 01 Mexican reiroieum, however, which dominated the mar ket at a net gnln of 7 "4 points, the movement waa based mainly on tech nical conditions, tha shorts paying heavy toll. Kaila and Issues of like description drifted aimlessly for a time but came briskly torwarn in me laai nan 01 me session. Purchases of those stocks were accompanied by the weekly sur veys of trade authorities, which em phasised the more hopeful feeling In that Industry. Bhares of concerns which may reas onably hope to benefit by lncreaaed holiday business, sucn as ina ospan ment stores, also atrengthened, but tobaccos and several of the more ob scure apeclaltlea were heavy or Irregu lar. Leaders were undeterred by the rise pf call money from m to I per cent In the final hour, many closing prices being at or near the day'a top levels. Cables stating that Germany Is pre paring ttr meet her-tiext reparations payment accounted for the moderate rally In marka. drat In London and then here. Sterling was firm, but re mittances to most of the other allied countries were moderately lower on small trading. Of the neutral coun tries. Danish bllla were very heavy and far eaatarn quotations continued to eaae. , Liberty and most other active bonds were Irregular on further profit tak ing, the international group alao show ing no marked trend. Total sales, par value, 115, 76 ooo. Cloaiag Bioea a.iai sua a ' ' lec'i Rlsaaa Allied C. and D. 13 Am. Beet 8. Am. Can Am. C. and T. . . A. H. and U Vt. Am. Int. Corp... Am. Locomotive. Am, Linseed . . . Am. H. and It. .. Am.. Sugar Am. Ku.-Toh. ,. 1.1 81 27 13S 61 tit. 7 81. (1 24 89 Mil S9 11 7 HO 17 161 P3 V 40 86 86 86 J10 1094i 110 Am. T, and T. . . Ants woolen . . , . it 84 29 (0 Anaconda Cop. . Atchison A. 0. L. ........ A., o. and w. I. llald. Loco. .... and O 874 36 57 66 Beth. Steel "B". Can. Pacific 51 115 114 20 29 . 28 .'en. Leather .. Chandler Mot." , 76 47 48 47 14 66 : 64 66 21 23 23 23 16 83 32 83 16 89 89 89 (7 (8 . 87 . 88 75 .66 62 (6 8 8 7 I 24 72 70 72 and O C, M. and St. P. C, It. I. and Coca-Cola Corn Products , Crucible 8teel , uba Cane 8. ... Knd't-Johnson Krie 17 13 Famous Players. 60 - 64 12 63 L 64 den. Asphalt ... !22 64 Oen.'Okectrla .. 80 186 u (ion. Motors ... 133 12 a. N. pfd , (2 75 O. 8. Steel ...... 1 31 80 186 183 186 133 12 11 11 ti 76 73 74 J 31 88 88 v... .... ( I 86 . 16 16 18 '71 76 71 6 60T4 49 60 60 63 62 (8 21 10 10 10 (2 41 40 40 17 23 23 28 108 196 115 106 115 (6 14 14 14 16 25 24 26 Illinois Central. . Ina Copper ..... 8 86 Int. Harvester , 18 71 Int. M. M. pfd.. .". 60 nt. Paper 50 63 Invincible Oil . . 21 10 K.-S. Tire 12 41 Kenne. Copper . . 17 23 U and N Mex. ret M. B. Oil .... ... Mldvale Steel .. Missouri Pacific N. Y. Central ... N. Y.. N. H., H.. N. and W North. Paclflo 55 fist iJ okla. P. and R. elflo oil Pennsylvania .. Pure Oil Heading Hep. I. and S. . . Royal D.. N. Y.. St. U and San F. H. A. L. .... S. A. L, pfd .... Keara-Hoebtick Shell T. and T. . Hln. O. and H. . . S.-B. fl. and 1. .. So. raclflo ...... So, Ry Ro. Ry pfd .... 8. O. of N. J. pfd Httide. Corp Tenrf. Copper . . Toxaa Co Tex. and Jao. , . Tobacco Prod. , Trans. Oil 110 V 112 74 id' 110 45 67 24 60 22 9 43 22 69 44 23 60 s union Paclflo .. United Krult ... II. 8. Food Prod. U. B. Ind. At... U. R, Htores ..A 65 123 121 12 119 117 123 119 11 45 (0 8 11 11 82 45 44 60 50 48 63 49 47 810 83 80 U. S. Rubber ... IT. 8. Steel V. 8. Steel pfd. . I'tah Copper ... Vlr.-Car. Chem. W. U West Kleo Willys-Overland. 49 S3 12 110 110 110 43 32 31 32 6 27 27 12 17 86 18 46 46 27 87 35 6 6 Total sales. 860,962 shares. ( klraao Cattle. Chicago. Nov. 0 Cattle: MnrUct nun ann uneven; beef steers mostly 16 to 25 cents higher; top yearlings, 11.66: hulk beef steers. 8.00 ft 9.011;. she stock nun. weax 10 in cents lower; bulls, Htockera and feeders weak; calves. 15 to 25 cents lower; bulk venters. 9.00 U9.50. Hogs: Mostly 10 to 15 cents higher than yesterday' average; hold over moderately light: mostly held off market; practical top, 7.10; 160-pound average, 5.40, bulk 7 007.0: pit's fully 25 cents lower; bulk desirable 7.50tT7.75. Sheep: Fat. lambs and feed ers 15 to 25 cents higher; fat lambs steady; top native and fad western lambs, B.16; bulk good and choice kinds, 8.5ii(.00; top yearlings, 7.50: handy range wethers, 6.60; fat ewe top, 4.60, bulk, S :,0 ii 4.26; good choice feeder lambs, 8,H0iit 8.40. Cottonseed Oil. New York. Nov. (.Liquidation on the bearish glnners' report on cotton, carried cottonseed oil off 10 to U points, but shorts came In on the de cline and steadied the market towards the close. Leading months closed 7 to 8 points net lower. Salos, 38.800 bar rels. Crude markets were . lower. Prime crude 6.76iff7.00; prime summer yellow spot, 8.10WS.66; December 1.40; Manch 8 .78: March 8 97. all bid. Liberty Boada. New 'York.- Nov. (.Liberty bonds olosed: 3's, (6.10; first 4's, (4.76; sec ond 4's, (4.(2; first 4's, (4.58; second 4's, (4.44: third 4's. 96.20; fourth 4's, (4.68: victory ', ((.(6; vic tory 4's, 9(.(8. I n 4 Oeatas tt 28 U 81 Vk W 97 U. V iou u:vi il 61 61 93 U J6V4 40 66 40 7S 9.1 43 10 86 61 80 844 04 86 68 COTTON I.ORK UT TO lM PUIWTS AT 1VBW OHLEAN9 New Orleans, Nov, (. The one In fluence In cotton today was heavy gin ning and 't cost prices 117 to 181 points, the market closing at practically the lowest of the day at 16.62 for Decem ber and 16.(7 for July, new low levels for the downward movement which has been underway for sometime. Much liquidation of long contracts came on the market and after the close It waa gossip around the ring that a fxeat deal of unprotected spot cotton n the Interior had been hedged dur ing the day by sales of future contracts which, of course, increased pressure against values. The only support ths market had came from realising by shorts and It was not of sufficient volume tn result In upward reactions of Importance. The total of ,, 136 bales ginned to the flrat of November, according to the report issued by the census bureau on the opening, compared with gen eral expectations of not more than 6,300,000 bales, but Its real bearishness lay In the fact that It was so much higher than the crop estimate made some time ago by the department of agriculture, and recently confirmed, which put the total yield this season at 6.637,000 bales. Ginning for the period amounted to t,146.64( bales and waa another argu ment against the market for It was pointed out that this quantity of cot Ion was ginned it--time, when the claim was constantly heard that there was next to no cotton to be ginned. Open. High. Low. Close. December ... 17.3( 17.(6 1J.6J 16.62 January .... 17.40 17.6J 16.6J 16.63 March ...... 17.38 17.7J 16.6J 16.68 May ........ 17.07 17.0 16.2s 16.J8 July 16.65 16.67 16.87 16 87 . JSPiSezrzrz M UN Pffltt UMbu wNN MAKKtl & kVnuK .T! "T '- , kipol, .cotton, quiet.; uuuuuua-.n.j'fc - SKW YORK noun LIST. ((T AasKlatad (nekl V. S. t's. registered 100 IT. S. i's, coupon 10041 IT. 8. 4's. registered J04J4 U. 8. 4's, coupon , .10414 Panama 1 a, regiaterea a... ijjs Panama I's, coupon 76tt American B. and B. 6' 64 V4 American T. and T. ov. 's 104H Atohison general 4's 82 Atlantic CoaBt Line 1st 4's 61 Baltimore and Ohio cv. 4'a H Relhlehem Steel ref. 6's Cen. of Georgia Consolidated I'.. (6 Central Leather S'e ., S3; Chesapeake and Ohio ct. 6's 14 C, M. and SL Paul cv. 4's 65 C, R. I. and Pac. Ry. ref. 4"s.... 741 Col. and Southern ref. 4's 6 114 Den. and lllo uranoe consoi. 11.. Dom. of Canada 6's (1(31). ,. 71 (6 42 (0 86 0 89 85 lit Erie general 4'B Illinois Central ret. fl Int. Merchant Marine 's K. C. Southern ret. 6's Liggett and Myers 6's Louisville and Nasnviua un. vs.. Missouri. Kan. and Tex. 1st H,. Missouri Paclflo general 4's N. Y. central deb. is Norfolk and Western ov. ('a .... 97 .....103 .... 80 .... 92 Northern Pacific 4's Pennsylvania general 6's Reading general t's Republic; I. and 8. 5's (1(40)... 11 69 18 88 (1 60 5 15 113 (7 94 2 (9 ' St. L. and San Fran. adj. 6's .. Seaboard Air Line adj. 5's . ... Southern Pell. Tel, 6's Southern Pacific ov. 6'S Southern Railway 6's Southern Railway general 4's , Texas and Paclflo 1st 6's Union Pacific 4's United Kingdom of 0. B. and 5'S (1937) IT. B. Steel 6' Virginia-Carolina Chemical 5's. Wabash 1st 6's Wilson and Co. cv. 6 s ' ADDITIONAL STOCK LIST. ill daaad Hln n Dalli Nmt New York. Nov. 9.-Following are closing prices 01 additional stocks; Aius-unaimers so American Cotton Oil 19 American Tobacco 127 American Zlno and Lead ( Beth. Steel I per oent pfd 106 Chicago Great Western pfd 16 C, M. and St. Paul pfd (7 Chicago and Northwestern 61 C. R. I. and P. 6's (8 C, R. I. and P. 7's 80 Chile Copper Con. Textile Corporation Cosden and Co.'. 12 15 82 Cuba Cane Sugar pfd 19 Home Mines 15 Famous Players-Lasky prd ..... (0 Freeport -Texas 13 Oen. Motors 6 per cent deb 69 Goodrich Rubber Tire 81 Houston Oil 78 Lackawanna Steel 42 Liggett, and Myers 154 M.. K. and T IK M K. and T. pfd 8 Missouri raoinc nra 42 National K name) log and Stamp.. 40 u OtlB Steel 9 Here Marquette 18 Pleroe-Arrow 14 Pierce OH 7 Submarine Boat 4 Vlvadon, Incorporated 7 White Motors 39 White Oil 13 U. 8. Steamship 17 19 NHW YORK ll'HB LIST. 1 ' 8 Uaiad Win is PUU Nam New York. Nov. (. Following are Did ana aaaea quotations on the curb: . . Bid.- Aeked. aetna explosives .....'... 12 13 12 uoone uu 2.1 zs . . 2.1 .. 96 Hoston and Montana Consolidated Copper inviB-iaiy . . t 7 Federal Oil Olenrock Oil Magma Copper Maracalbo Oil Merrltt Oil Midwest Refining ,,,, Northwestern Oil .... Salt Creek (new) Slmms Petroleum .... Skelley Oil Swift International .. United Retail Candy .. 1 1 .. 1 1 .. 21 25 .. 26 27 ..11 11 ..it)t I'M) .. 16 20 .. 14 14 ..' 9 10 ... . 7 22 Ckleago Cart. Armour Leather com 1! 12 nrmuur i.,eainer pin ..... es S4 Armour racking pfd 93 (8 vunany racaing no h l I.lbby and Co. ............ 8 8 .national iramer sla b Swift and Co (( (( union uaroiae ........... 4hi. 4s whl 49 49 New York Drraoods. New York, Nov. 9. Cotton goods markets were ntilet today with a sllEht- ly casing tendency following the gin nlng report on cotton. Yarns oulet and barely steady. In the wool goods industry, hesitation was more manifest inlawing threats of a garment strike aim slow sales of mushed garments and knit goods for Immediate shipment were reporieo in oeiter fiemann. Eur lapa firmer. Taffeta silks a"bld more freelv. Full fashioned hosiery snM anean tor monins in some large mills. joopers rc.porrcit a quiet tnule. Liverpool Cottoa. I.Ivemool. Nov. .. (. Koot imtlnn tn limited demand; prices unchanged: good middling. 12.88: fully middling 11 88; middling 11.68; low middling 10.28; good ordinary 1.68; ordlnarv 7 .83. Sales, t 000 bales. Including 4,400 American, Receipts, 15,000 bales, In cluding 11,000 American, Futures closed dull and Irregular. November 11.13; rwcember- 11.10; January 1105; March 11.02; May 10.(8; July 10.(8; September 10.6(. 1 .... r - a, notified KnnHorl I I Break of About One Ceat' a Pouad Fol lows Ginning Heirort Showing 6,6441, Bales 1 lose Steady at Lose -of Hit to 100 Polnta. New York, Nov. (. The census re port showing t. 846.186 balea of cotton ginned up to November 1 'fir about 100,000 bales more than the total crop Indication of September 25, was follow ed by a break of approximately a cent a pound in the cotton market here to day. . January contracta sold off to 17.15, or 109 points below the close of Monday and the loweat price touched since thy advanced to 21.75 early last September. That delivery closed at 17.24, with the general market cloalng steady at a net decline of (9 to 100 points. Tho ginning figures were evidently a disappointment to recent buyers and the remaining old long interest, and appeared to be taken as Indicating a croa more likely to exceed than fall short of seven and one-half million balea, or about a million bales In ex cess of the end-September forecast The market opened easy under a de cline of 26 to 38 points and sold oft rapidly under liquidation and scatter ing pressure from local, southern and Wall Street sources. The selling pressure slackened from time to time during- the day and there were moderate rallies on covering or trade buying but each bulge met In creased offerings and the lowest prices were touched during the last hour. when Deremher aold at 17.35 and March at 17.04, with active months fenerally showing net losses of 64 to 10 points. Offerings then became llghtoii. and there were rallies at the 'cliitfwilte-ererm'" hy-reeent Wall Street and western sellers, with last prices showing bulges of some 10 to 15 points from the lowest. The ginning figures were accompani ed by a report from the census bureau indicating that the average weight pf square bales ginned up to October 18 this year was 602.6 pounds, compared with 611.2 pounds to November 1. last seaaon and 604.4 pounds to November 1. two years ago. The relatively light I--., ni th. t,ai failed to modify the larger glnnings expected, and the other features In the day's newa were overshadowed by the revision of crop Ideas. Very little soumern souing was reported here during the day and the trade is waiting for Indications as to the effect of glnnings on the goods and spot markets. Open. 18.20 17.98 17.80 17.55 High. Low. Close. Close. 18 20 17.85 17.60 18.46 17. 9S 17.15 17.24 18.24 17 88 17.04 17.13 18.13 17.61 16.86 16.94 17.80 17 10 IS 4ft 16.50 17.34 Deo. Jan. Mar, May July 17.10 Hoot ' cotton ntilet: middling 18.00. Port Moveneat Of Cottoa. t rui Mtddllnsr. -17.76: re ceipts, 7.084; exports, 11,001; sales, 796; stock, 448,081. ...... Galveston; Mioaimg, n.w 12,411; sales, S25; stock, 474 775. vrnhtie. Mlddllnsr. 16.76; receipts, 1,480: sales, 16; stock, 18.476. Savannah: Middling, 17.26: receipts, 2,912: sales, 185; stock. 187,084. Charleston: jneceuw, " .-. 109.018. . . .... ..... Wilmington jneceipis, r oiwun, 32.226. .... Texas City: tocK, 7,111 , . Nnrfnlb' Ml.lrtllniT. 17.00i rCCClptS, 1,666: sales, 850; stock, 103,(62. Baltimore: stocic, z,m. .... Boston: Middling, 18.90; receipts, 28; stock, 6.400. . ... . , Philadelphia: Receipts, os, avocs.. MIL .. . - New York: Miaating, is.vin ai, 123.272. Minor ports: Receipts, 7, sis; expone, 7,813; stock, 8,036. .. ... Total today: Receipts, nveio; ex ports. 18.6141 stock, 1,614.550. Total tor weeK: tieceipia, idi,.i, exports, 68,891. Total lor season: iiocoiow, ,i,imi exports, 1.853.6S6 Interior Movemeat Of Cottoa. Hniiamn- Mlridllna:. 17.75: receipts. 11.064: shipments. 11,838; sales, 4,883; atock, 272,846. Memphis: Middling, ls.ou; receipts. 5.662: shipments, 4,527; sales,! 1,000; stock, 268,818. Auiusta: Middling. 17.00: receipts. 2,244; shipments, 1,230; sales, 141; stock, 147,016. 1 St. Louis: Middling, 1S.00; receipts. 10,(75; shipments, (.838; stook, 26,227. Atlanta: Middling, is.uu. , Little Rock: Middling. 18.25; receipts, 855; shipments, 76S; sales, 5(7; stock. 53.604. Dallas: Mi ni' ia-. l.mi: sales. i.xt. Montgomery Middling, 16.76; sales. 46. Total today, receipts, 3i,:oo: ship ments, 3z,i;i5; i, vk. 7.nm. POST Kl.itit, R COTTON LK'rfKR. New York. Nov. 8. Althouah tho market has steadied ut times and even rallied to some extent this has not served to broaden the demand or bring In any active sunnort sufficient to overcome the bearish Influence of the a lining report today In spite of asser tions that the Assures represent (0 to 95 per cent, of the entire crop. Thla may be true, but will have to be estab nsned by ater facts berore it wm be generally accepted or serve to Inspire a desire to buv for both accountH. Brokers who often set for leading Japanese interests bought quits neav ny awing the early trailing taking rullv 20.000 bales of December and January, but confidence of shorts has neen so increased Dy developments to' day that thla demand was readily sup niiea. -mere is not now ana nas not been for some time pnet any disposi tion to give the market any aggressive support or attempt to rorce In th shorts though It nas been generally oonceaea tnat the proposition wus vui nerable and nrobabty has been In creased substantially In the eourae of trading today. Exports were 23,000 oaies toaay, L.ateat estimates tor tne F.gyptlan crop are around 6G0.O00 bales of 600 pounds each or about 60 nor cent, or an average crop., , 'i ne market position is sucn that nn over development of a really bullish nature oould lead to a sharp recovery but In the absence of snvthlnr of that sort prices- may rag further until the trade finds It practicable to take hold in a more sertoua way on the ground that goods can be distributed more freely on the basis of the price for raw material. Wa believe tnere will be a revival of bullish sentiment and activity hut-for - the present - hardly iook ior tnat to develop ana would buy oniy sparingly and on easy markets, tor moaerate proms. POST AND FLAQO, CHAHLUTTK DOT'fOM MARKET (8lvlal t llallr Nm.) Charlotte. Nov. S. Charlotte- cotton market: Receipts today 14 bales; price 19 yg cma. Ferelaa Kxehnage. New York, Nov. 9. Foreign exchange lirejulnr. Groat Britain, demand a.n3, caoiM a '.'4 !5 o-aay bins 011 banns .i.an. France, demand 7.27 ; canies 1.9. Italy, demand ,ir, ca nice ,16. Belgium, demand 6.88, ca bles 6.(8. Germany, demand 41, ca ,)i v.Tf. nuiinnu, uwiimiiu ca bles 84.59. Norway, demund 13.60 Sweden, demand 23.00, Denmark 17.96. Switierlnnd, demand i( Spain, demand 1J.80.- Orunn. ilininnd 4.21. Argentina, iteiiinnil 3'i.iit. ' Itin illlan, demand 15. 81. Montreal, (2. Wheat Rises Ita railing Off Of Re ceipts At All l'olnlw lose lhi To a Cents Higher 4,'ora and Oats Make 43alne Provlsloes average Lowe. Chicago, Nov. (. Wheat displayed fresh strength today, all points' show ing a falling off In receipts. The mar ket closed strong at 1 to 2 cants net higher, with December 1.06 to 1.06 and May 1.11 to 1.11. Com gained to cents, and oats to . In provisions, the outcome waa nn- cnangea to zu cents- luw-r. open. WHEAT: Deo. ,. 1.04 May .. 1.09 CORN: Dec. .. 46 May .. 62 OATS: Dec. .. 82 May .. 37 PORK: Jan LARD: Jan. .. 8.70 Mch. 1. 1.(2 RIBS: Jan. May .. 7.72 High. Low. Close. 1.06 1.08 ; 1.06 1.11 1.0V4 1.11 47 46 '47 M 62 : 53 82 32 82 87 87 172 14.10 1 71 8.62 8.65 (.96 8.87 ., . (.87 .... .... 7.49 7.72 7.7J 7.72 Cash grain: Wheat. No. 2 hard. 1.06; Nt. 8 northern. 1.12; corn," No. 2 mixed, 4s(j46; No. 3 yellow, 44S : BALTIMORE GRAIN AND HAY. isr Uaaed Tn la DaPf Nasal Baltimore, Nov. (. Wheat: No. red winter spot, no quotations; No. rea winter spot, i.u(; wo. s, L,p no. a rea winter garlicky spot. November-wheat, 4.M D1 uar j. vs. Corn: Cob corn old yellow, quoted at 25 2.60 per barrel for deferred shlD- menu Contract corn spot, 64; track corn yellow, No. 3 or better do mestic, 64. Hay: RecelntS. BB tnna: demand ts limited and small receipts ample for trade requirements at 16 00 to 21.00. Oats: White No. 2. 44 per bushel; No. . 4142 per bushel. BALTIMORE PRODVCH. li Uaaul Win la Palls ami Baltimore, Nov. 9. Eggs; loss off: Native and nearby firsts, dozen. (0; southern, 58. . Butter: Creamery fanev. sound. 47 48; prints, 48050: nearby cream- ry. 434, 44; ladles, (032; rolls, 2830; torepacked. 28: dairy prints. 28fi30: process hutter, 8637. New York Money. New York. Nov. (.Call monev firm: high, 6 per cent.;dow, 6; ruling rate, DMi closing dio, oj; onerea at, e; last loan. 6 per cent. Call loans against acceptances, 5 per ccn.t Time loans steady: 60 days, 66 per cent.) 90 days; 6fi6 per cent.; six montha, 4Wt per cent.; prime mercantile paper, 5 a 5 per cent. savannah Naval Htores. Savannah. Oa.. Nov. (. Turpentine firm, 73; sales 361; receipts 169; ship ments 686; stock (,686. Rosin firm; sales 1,683; receipts 708; shipments, ,744: stock 84,848. Quote: li. D, B, tn ri tr jcn. T J an. v ' i bli . TiX Klfl. N, t.50: WO, 5.60: WW. 5 80. Magar and Coffee. New York. Nov. (. Raw sugar more active at 4.08 to 4.11 for centrifugal. Refined unchanged at 6.20 to 5.80 fw fine granulated. Spot coffee quiet n" unchanged at t to s ior ft 10 i s. and 11 to 12 for Santos t's. L V. Edwards, C E. " Knsnltlaa Eaalaee vllgTON-RALEM, M. C . Itieeta aad Hlgkwaye Sewer and Water kyateau Genera) Engineering B. B. TATUM Motor Trucks Tem Transfers and Livery We are eauivned Ior. all Masses of hauling, heavy and lght. 'Movins a specialty. Packing and storage. A big truck ior lone distance moving. )icnic parties or any class of r transfer. Thone 28, Depot St. . ' NOTICE. The United States of America. In the district court of the United States for the western district of North Carolina. In the matter of Roger II. Bcarboro bankrupt. In bankruptcy. To the creditors of Koger H. Scarboro. Merchant of the City of Wadevllle, Montgomery County, and Dlstrlot Aforesaid: - . Notice Is hereby given that on the 1st day of November. A. D. 1921, the Baia nosar fl. tscuruuru wits uunr Judged bankrupt, and that theflrst meeting of his credltors'swlll he hold at the office of the Referee In Greens boro, on the Hth day of November, 1931, at I o'clock p. m at which time the said creditors may attend, prove their claims, appoint a trustee, examine the bankrupt and transact such other business as may properly come before said meeting. This the 1th day of November. 1931. CLIFFORD FRAZIER. Referee In Bankruptcy. 11-19 North Carolina, Guilford County. In (he Huperlor Conrt, , , October Term, 12I. In the Matter at Felder-Brlggs Com- paay. Receivership. NOTICB. To Creditors of Felder-Brlggs Co.: Under and by virtue of an order signed by his Honor, T. J. Shaw, resident Judge, holding Superior court In the county of Guilford, state of North Carolina, on the 18th day of Oc tober, 1921, each oredltor of the Felder Brlggs Co. is hereby notified and warned to make out an Itemised, veri fied statement of his account, showing amount claimed to be due, and to file said itemised, verified statement with the undersigned receiver of Felder Brlggs Co. on or before the 1st day of December. 1921: otherwise, under the order of the court, this notloe will be pleaded (n bar of recovery. This the 19th day of October, 1921. - , , K. D. nnOADHUKHT, Heuelver at Velder-HrlKga Co. 11-114 Ih RUCKER WAREHOUSE CORPORATION (Beaded) ' eaSENsBORO. NORTH OAROL1BT- COTTON STORAGE fxieal mills use around 160,000 hales annually. Spinners within 100 miles use 1,000,000 bales annually. Store your cottoa In a modern warehouse In the heart" of an active eotton market. Blxteen active eotton merchants and brokers. -The advantage of storing In Greensboro where there la always a demand for cotton which can be delivered promptly la obvloua Quick aalea and prompt settlements on lots consigned, to us. liberal Advances. - Ship Your Cotton To Us. Writ Or Wire E. C LAND, SEC. AND TBBA& RUCKER & COMPANY Cotton Merchaaits GREENSBORO, NORTH CAROLINA . New York Cotton Exchange : ' New Orleans Cotton Exchange . Geo. G. Scott, C. P. A. Member American Institute of Accountants Scott. Charnley Certined Pnblle - 104 Nortk Elaa Street Cltlseas Baak Balldlag Raleigh, N. c. Asaerleaa Co Bank Charlotte. , GKBKK8BORO. !. C4 BRANCH lilceased Detectives JOHJt R. TOWLK. GfB. Mgr. Formerly Aaat, "Harr. WILLIAM J. BIIHM INTERNA- TIONAL DETECTIVE AGENCY, . New York City Ofdee. If yoa have been victimised by the bad cheek artist, addreea Bad Check Department, TOWLE'S SERVICE CO. aid West Market Street Over MM) operatives la N. C George F. Jones & Son Cotton Brokers T " Established ISM Membere New York Cattsa Ei ehange All Orders Handled by ' A Member of the Firm " I . Illl - 9 Market letter Requeat 81 Broad St, New York Dr. H. A. Schiffman Optometrist Hours: 8 to 12; 2 to 6. And by Appointment.. . 225 1-2 8. Elm St GJLBERT C. WHITE CO. aa oraraalsatlea Civil, afeekaaleaa, Kleetrleml aad Chemical Eaalaeera DURHAM. N. C. WATER WORKS. POWER PLANTS. ITHE.ETS. ROADS , - W.W.DICK Heating Contractor Estimates furnished on steam, vapo and hot water heating;, anywhere In North Carolina.- - 1 -" 94a Belleaaeade, Neat to Dials Apartment. AN ORDINANCE. Be It ordained: That aectlon 441 of city ordinances he amended by adding at the end thereof the following words and figures: "And from the 10th to 11th of No vember of each year." That section 443, ho amended hy striking out the word "sky rockets" where It appears therein. The foregoing ordinance was adopt ed by tho council of the clly of llreens horo, November , 121. ;. L. MCKltAY. CUy Clork. COTTON FACTORS Walter Charnley, C. P. A. Member American Institute -of Accountants and Company Aeeeantaats . ; , ...v Greensboro, N. O. -- ' ... ' ' Iioaa aad Kiehaage : Bank Bolldlng Columbia, 8. O. Troat Oldg., If, C. kit ORDINA NCB TO AVTHORIIB THE IASUANCF) OF 200,000 STREET IMPROVEMENT BONDS. Bo It ordained by the olty council of the city of Greensboro, Section 1. That the city of Greens boro, pursuant to the municipal finance act, Issue not exceeding two hundred thouaand dollars (1200,000) bonds for the piiipose of constructing or recon structing the surface of streets in the city of Greensboro, Including or not Including the contemporaneous con structing or reconstructing of side walks, curbs, gutters- or drains, or gradlngs, at least one-fourth of the cost of which Improvements, exclusive of the cost of paving at street Inter sections, is to be specially assessed. Section 2. That a tax sufficient to pay the principal and Interest of said bonds shall be annually levied and col lected. Section t. That a statement of tho debt of the munlclpalltj .ias been filed with the clerk pursuant to said act, and Is open to publlo inspection. Section 4. That the . average as- -sessed valuation of property subject to taxation by the city for the three , years In which taxes were last levied Is 134.572.075.00. Section 6. That the amount of the net debt of the city outstanding, authorised or to be authorised, aa shown by said statement, Is 12,128,- . 171.2. , . .- Section (. That this ordinance shall " take effect 10 ' days after Its first ' publication, unless in the meantime a petition for Its submission to the voters Is filed under said act, and In that event It shll take effect when . approved by the voters of the city at an election as provided In said act The foregoing ordinance was paased on the 24th day of October, 1921, and was first published on the 27th day of October, 1921. Any action or proceed ings questioning the validity of said ordinance must .be commenced before thirty (30) days after Its first publica tion. WALTER U MURRAY, ' - City Clerk. AN ORDINANCE! TO AUTHORIZE THE ISSUANCE OF B3O0,000 WATER WORKS EXTENSION BONDS. Be It ordained by the olty oounctl of the city of Greensboro: . Section 1. That the city of Greens boro, pursuant to the municipal finance aot Issue not exceeding three hundred thousand dollars (2300,000) bonds for ths extension of tha existing water works system. Section 2. That a tax aufflolent to pay the principal and Interest of said bends shall be annually levied and oollecled. Section 2. That a statement of th debt of the municipality has been filed with the clerk pursuant to said set, and is open to public Inspection. Section 4. That the average as sessed valuation of property uubleot to taxation by the olty for the three year In which taxes were last levied Is 184.672,076.00. Section 6. That the amount of the net debt . of - the city . outstanding, authorised or to be authorised, ai a ahown by said statement,' is 13,822, 873.22. - Section I. That this ordinance shall take effect SO days after Its first pub lication, unless In the meantime a petition tor Ita submission to tha voters la filed under said act, and In that event It shall take effect when approved by the voters of the city at an election aa provided in said act. The foregoing ordinance wus passed on the 24th day of October. l21. and was first published on the 27111 day ot , October, 1921. Any ac.tl"ii or proceed ings questioning the viilldily of Bald ordinance must lie commenced before thirty (8") dnva nrter its first publics- lion. ' WALTER L. MURRAY.' . City 01 era. i J 3 if. , m if V )
Greensboro Daily News (Greensboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 10, 1921, edition 1
14
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