Newspapers / Greensboro Daily News (Greensboro, … / Nov. 27, 1922, edition 1 / Page 8
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GREENSBORO DA(LY NEWS. MONDAY, NOVEMBER 27, 1922 1 MUTT AND JEFF-Anyway Jeff's Kind to His Mother By BUD FISHER WE OKFKIl North Carolina State 4s to yield 4 90. Rosemary T, Preferred at Market. Durham Hosluiy Mills in-irrud al Market. tl)irlltu l'.,i.....,l l M.,.-l,..t ll.ill-(ii-rille-Purluiti Mills 'i first Preferred al Mirkei Hunter Mfg. nnd Commission company Preferred Ml AIurk'l FIRST NATIONAL TRUST CO. Durham, N. C. Postsc(? pr, toy SiMf. ' -f RUCKER & COMPANY Cotton Merchants GKEENSBORO. NORTH CAROLINA MEMBERS New York Cotton Exchange New Orleans Cotton Exchange J 5TT: 1 M0TH m -V -H?60M wrt,w6 V,. !Ij W ''f " " ' ' BRINGING UP FATHER :-: T ex colly- rurv ) J Jil Q OPINION TEA "bO I MICHT fTl CM.U THll MIEO O V Business Is Good and Is Now " . Improving; No Signs of Dropjft LARGE LOADJJF PAPER; Many Corporations Hare Attested Their Belief In Moderate ; Evans Says the Primary Of-i rrospeniy y Kestonng or Cotton, Wheat and ft Uurf inn to DtlH Ken.) (Cqrnttt. ICS. I rMMtlpait rllr Lrtpr . i New Tork. Not. ?. Stock owners I eeveral Important (ctori. found, no Joy In 'Wall street during j notably tt. tremendous costs of the the put week. The moderate rally I11 " coal striken. Into consldera late in the previous week was con- I Hon. The street Is Just as bearish on tinned ontil Tuesday, but In late trad- rails today as It was bullish in Ser ine: on that day stocks mi unmls- takable evidence that lower prices would follow. This was actually the rase-, rails declining; belw -their low price of the preTious reaction and . sellintr at flsurea aubstantially those of Juae break. Industrial stocks also worked lower and. while sporadic rallies frequently checked the down ward trend of prices, there was no evidence whatever that the force of aelltnaj pressure had been spent. .t the moment It looks as if the various Sources of stock supply were lnex baostlble and that holders of "tons;" stocks are merely awaiting small re coverles in order to dispose of their boldings. It would be very rash and danger fills to conclude that stocks are In a bear market. None of the signs of a ipajor decline are tn evidence. Busi ness Is good and is Improving. The southern farmer Is recelvicg excel lent prices for his cotton; wheat and corn are higher, pork Is bringing falrlr good prices and further ad vancea In these products, as well as j In ths price of cattle, are expected, j all raboundlng to the advantage of ths west. Ths Mth Congress, from which so inch is feared, will not meet In reg-1 alar aeaalon until Pecember. mi. ; and Ita potentialities for harm In a i special session at an earlier time are i limited. Many corporations have attested their belief in moderate prosperity by restoring or increasing their dlvl dends. Thls Is net the basis of a bear market The detached observer finds It amusing to watch the chameleon changes et mind In stock trading cir cle. It is only a few weeks ago that evsry house In ths street was advia Ing the purchase of rails. September earnings. It was admitted, would be NOTICE. The United States of America. In the District Court of the T'nlted States, for the western district of North Carolina. In the matter of Nathan Fleisher, Harry Klelsher and Samuel Flelsher, partners, trading as Fleisber Bros., aad Individually, brankrupts. In bankruptcy To the creditors of Nathan Fleisher, Harry Flelsher and Samuel Fleisher, trading as Flelsher Urns., and indi vidually, of the city of Greensboro, Guilford county, and district afore said: Notice Is hereby given that on the 14th day of November, A. IV. 19:2. the said Nathan Flelsher. Harry Flelsher and Samuel Flelsher were duty adjudged Trftnkrapt. and that the first meeting of their creditors will be held at the office of the referee In Greensboro, on Hie Ith day of lecmber, 1922. at 11 o'clock, a. m., at which time the said creditors may attend, prove their claims, elect a trustee, examine the bank rupt, and transact such other busi ness aa may properly come before said meeting. This the 22nd day of November, 1911. CLIFFORD FRAZIER, 11-1 Referee In Bankruptcy Dr. H. A. Schiffman Optometrist .. Mow Located At SCHIFFMAN JEWELRY CO. Pkrae 1M W. McCNeale, M. E. r. O. aVn KM Pkoae 2481 COSfTJLTIKO MF.CHAJUCAL ENGINEERS . Maabia aai Mill Dealara increasing: Their Dividends. Corn Are Higher bad, b ut October wa, to .how up itly. The enthusiasts failed to i t.rilltan ."moor, sianaara rails nave been sell- Ing at prices that look rldicuously cheap, but there is no assurance that they will not go lower. It I the re turn swing of the pendulum, has gone or will iro too far. ar is the basis of much of the realising. The SSth Congress Is the bugbear.. Advices came from Washington cn Friday that the farm bloc had already begun Its campaign for lower freight rates. The United States Steel corpora tion Is operating at better than 10 per cent, the high record of .the year. Sugar and lead prices hare been ad A a need. The .General Motors corporation has reduced the price of the Cadillac car. Freight loadings continue very heavy and many complaints are re ceived of the damming of grain ship ments In ths big elevator cities. The Inadequacy of the country's transportation system to meet emergencies has been Illustrated, but notwithstanding attacks on railroads and reduction of their profits appear In conemplation. Between these factors the street may be pardoned If U does not look at business through rose-colored lenses, Purchase of the Mldvale Steel and Ordnance company by the Bethlehem steel corporation has been announc ed. The Bethlehem company, which Vaa ignored, in the Chadbourne 4lans lor a big Independent merger, has thus won the victory. If victory It Is. and two of the principal tnembers of the six-company merger plans and the biggest member of the three-company merger, which was so nearly ef fected, will be part and parcel of the Bethlehem company. ' Possibility of Firing Ships From Airplanes Being Tested Washington. Nov. 26 Feasibility of directing the fire of battleships from airplanes Is being determined by tests with a new , type of mono plane, the navy department an nounced tonight, and results thus far "Mained in the opinion of bureau of aeronautics experts give "every promise of success." At present the fall of shots on an enemy target Is spotted by ubservers from the masthead of the firing ships. I'se of planes. It was pointed out, wuuld permit observers to hover over the line of fire and to report the ef fect by radio to the firing battleship. G1LBLRTC.WHITEC0. Kb O-gnalaatlea of Civil. MeeksaleaL Ulretrteal aad Ckeaaleat Eutuio DURHAM, N. C VATEII WORK. POWKIt sVLAltTH VWEBTt. ROADS In buying cottonseed meal and cottonseed hulls (leJ with special ists in these products. Our experience will save you njftej. OVR PRICES J. H. Taylor Co., Inc. Htalry BulUHns, Atlaata, Oa, (Sped a lists In Cottons!! Mel Cotton ! HulU.) COUNTRY GROANS UNDER! fenders Are Those Who Have Issued Bonds RAILS OVER GOVERNED i I is Leuri Win 1. n,ll, ten.) By C. B. EVA'VS. ironrrtfM. 19!J. tj rhilntolrtilj rbUc Ulcrr.) rhlcago, Nov. 26. When a sup posedly favorable event Injures those whom it Is designed to help, what are you going to do about UT Note the downward course of Bethlehem and " :"T I , " "u,tn-"u ' .Vldv.le stock, after a combination I 7",'" bu' they "Purposely has been agreed which, to Judge from , d ,n "J"" until the bond exoerience. will be hinhlv bened. la!. I Also observe the slump in stocks gen erally that has followed the declara tion of big stock dividends, tn several instances Increase In the cash dis bursements. True these partloular aota are not the main feature of the present do cllne, which is due to an overbought exhibited marked buoyancy at condition of the market and the Iow Vd of the week following a movement of general business ini8'atement by Charles E. Mitchell, coming up to the achievement that president of the National City bank, the speculators have laid out. but the lha' French and Belgian bonda as fantastic display of stock dividends they etood Friday represented "a has had Its effect on the mind of the ridiculously low credit rating." market. j The dearth of new offerings has Naturally the stockholder Is! given investment houses an oppor pleased to have a lot of beautiful en- tunlty to dispose of large remnants graved paper dumped over his lap. I of old Issues and to prepare their provided that paper Is to yield I shelves for the large volume of bonds rataniy as mucn as he already holds, but when he finds that the rate of the cash dividend is to he reduced corre spondingly hi, fpelings turn rour. This, In the aggregatp, has had much effect on securities. There has been too mur-h paper scattered about the country, the pri mary offenders being those who have Issued bonds and the bond market was early In feeling the uhlvver that has passed over the traders When on top of this are piled millions of dollars of stocks meaning: nothing but avoidance of taxation the load be comes too heavy. An observer was asked today if he thought the bull market was over. He turned on the Inquirer expecting to nee a man out of the atone age or at least somebody bearing; evidences of htvlng kept himself a long1 dis tance from the latest happenings of the times. "Yes, rather," was the reply. "The bull market passed out 50 days ugo or more" With respect to a posRlbie rally a man In the busi ness remurkeJL: "There are many who want to ride a horse when he starts to move forward, but they hate to ride a horse when he is moving backward?" It is to be inferred that the market will not turn until some bfg interest turns It or until the banks conclude that the decline hus gone far enough to render the situation a safe one. This is a kind of security market, whether you are looking altogether at the Mff center or at the whole thing, which would culminate in a panic If there were any stress In the money iituutlnn, but funds available for In vestment and speculation are still abundant. Nevertheless, those pro rhpts wbo said, prices would continue going up hs lont? as money was cheap will have to confess that their per ceptions of what will happen in the future are not absolutely prefect. It may be that Wall Btreet and La salle street are just building a solid floor for a grand dance of prices aft er the first of January. If the de cllne continues 30 days at Its recent ! rate the pounding on the floor will be i thorough enough to make If a very solid thing. j No, these performances in the .stocks and bnmf markets are not mere superficial bets on eilps of pa per or like the guess In rouge et-nolrj or merely for the purpose of getting a thrill. Thy mean everything that is g"oing on in buslneps of the world Buying and selling are expressions of opinions as to what Is happening and wTiat Is Itnlng to happen. t Just now th railroads are as much a part In th intrprtt inn a ny ether class of property. Th convic tion Is gaining1 ground that these properties are over-governd and that too, not by the penpte who have In vested their money In them, but hy Washington, which ha no direct pecuniary interest, but which under take to BUperviso everythln- going on In the United 8tntns it Is be lieved that the railroad would fare much better If their Immediate man agement were left to railroad men. Tn public I disappointed In what PAST M FALL OFFj Continued Weakness In Prices! Had Restraining Effect On New Issues OLD ISSUES DISPOSED OF New York. Nov. .-New bond of ferings last week totalled onlv l0. 175,000. as compared with (K. 900.000 ' the week before, the continued weak-! ness In prices having a restraining I .,.; "1 ' on .ui.i. ienny to as sure an easier distribution. The decline In prices was most market in speculative railroad nwrt K.lges, which were in rather free lup ply because of speculative doubt ovrr the earning rapacity of the roads. Foreign bonds were Irregultiar tut expected toward the end of the veer In preparation for the reinvestment demand. Maturities at the end of 1322 and the early part of 1923 are reported to be rather heavy. Local bankers believe there Is a possibility that the award of the $50. 000.00ft Cuban loan will be made this week Four local banking syndicates are in the fleld, Publlo offering also will probably be made this week of the M.OOft.OftO six per cent refunding mortgage bonds of the Boston and t Maine railroad. I RtttW hnMri nf lha CititL. Realty and Improvement company recently voted to authorlxe an Issue of $lft,0n0.C09 seven per cent pre ferred stock, the proceeds of the Is sue to be used. In part, to retire at not exceeding par and accrued In terest, the present M, 134.000 of deb enture bonds maturing July 1, 1 124. The principal offering last week was the S. 100, 000 lsaue and five ant one- half per cnt treasury bills of the city of Montreal, maturing In three months and offered to yield about five per cent. Other large offering yere: $2,800,000 one to 15-year flvt per cent equipment trusts of the Erie railroad, offered to yield 4.7ft to 6.&0 per cent: $1,500,000 20-year six per cent first mortgage sinking fund gold bonds of England Walton and com pany, offered at J8 to yield 616; $1,500,000 20-year seven per cent first mortgage sinking fund gold bonds uf the Whltaker Paper company, offered at parfc $1,600,000 28-year slix pel cent gold bonds, series P, of t h Nevada-California Electric corpora -tlon, offered at 8 to yield 6.15; $1. 500,000 30 -year farm loan bonds of the Central Illinois Joint Stock harm bank, offered at 103 to yield 4 80 ti. five per cent. geapla ae Leaves Parambl rh. Paramblrbo, Dutch Guiana Nov. 2C. (By Associated Press.) - The American seaplane Kampato Cor reta bound from Now York fur Rio Janeiro. left here at 3 10 o'clock this morning for Cayenne, French Guiana. When Lieutenant Hint on, the pilot, made the take-off the weather vn eloiidy the roads have achieved thus far since the revival of business began and the railroad men say they are hampered by legislators and commis sions. . We have t the same time the so cialistic tendency, not very strong yet, but menacing, Ominous tn the background of all these pictures are the debasement of world affairs hy tht- war and the pitiful efforts of the people of Europe to climb back into something like a satisfactory condl tion. Abundant capital avails little against these adverse conditions. It awaits a more attractive Invitation In the stock market and even with re spect to creative and distributive business It hesitates and probably will continue to hesitate until some of the adverse condition are abated. X: WHAT 1 Vr I DO TOO PUT I UJ ( IN THAT TEA,? L-i!JS Famous Mysteries The Death of Francois Gamain Among the hobbies of the ill-fated Louis XVI. was a passion for making the most compiicsted locks and ex perimenting with various kinds of secret doors and sliding panels, pos sibly because of a premonition that the time would come when some un suspected means of escape might save htm from his enemies This passion for constructing locks dales back to Louts' youth, when he took lessons from Francois Gamain. son of the court locksmith and one of the most expert workmen of his kind In rope. On November 19, 17S2, when thy king had been a prisoner for more than three months. Gamain went to Minister of the Interior Roland and Informed the latter that he had made 1 a aecrst Iron cupboard at the Tull-1 eries for Louis and offered to point out th location of the door, though he was Ignorant of the combination which would open it. But Just as the locksmith Indicated the hidden vault which later proved to contain docu-; rnents which the king had had no opportunity to destroy and which were destined to swing the balance of fate so sharply against him Gamain fell forward unconscious and It was some haur before he could be resuscitated. When he finally re gained consciousness he told a strange, but apparently well authen ticated story, alleging that on May 22. 1782, he had finally closed the iron door on which the king himself had prepared the combination. The night was warm, Gamain said, and when he had completed the ta&k Louis gave bttn a glass of wine which stood on a table nearby. Also, the queen bad Insisted that he take a piece of cake which she proffered, but which be merely slipped into hi pocket after drlnklnlg the wine. On reaching the Champs Elysees, Ga main wa seized with an Intense pain and a rlclt Englishman, who was driving by a th" time, took him home In his carriage, stopping on the way at a shop In the Hue de Bac for an emetic which only, partially re lieved the locksmith" Intense agony. I'pon arriving at the home of the Englishman, the latter Immediately summoned two physician who worked over the apparently dying man and finally succeeded In saving his life although Gamain wa bed ridden for several months. The cake, which was found several dayB after ward In hi pocket, was given to a dog, which Immediately dropped dead, and It wss not until Novembir ifiat Gamain felt physically able to pre sent hl story to Minister Roland. That the locksmith' story of his strange encounter with Louis and the queen of France wa given credence at the time Is evident from the fact that the convention v rdcred the de tails of Gamaln's recital to be pub lished and conferred a oenslon of 1 2''0 francs upon him. This he drew until his death in 1795, due. accorJ Ing to the attending physicians, io a completely wrecked physical con dition which appeared to nave been caused by the action of rome pow erful poison. Paul Itelacrols, who conducted a lengthy Investigation of the matte n 1838, came to the conclusion that "amain had really been poisoned, but hv an over-tealous servant rather than by the king, while Louis P. lone held that the evidence was insuffi cient either to acquit or condemn the king. H is pointed to a a suspicious -Ircumstance that many of the prin cipal documents In the case are not to be found and appear to have been taken from the archives at the t'me of the restoration, but the most prob able explanation is that Ne order of the convention for printing these was never carried out. Moreover, the re ports of the two deputies assigned to the case were so muddled and d fectlvf that It U practically linp ftal ble to state whether Gamaln's ac cusations were true or falae. But the fact remains that the secret hiding place which he pointed out to the minister of the Interior proved to contain documents which were damn ing to the causo of Louis and that the locksmith himself undoubtedly suffered from some strange malady which at least, resembled the ravages of a powerful pultun. Vllietber ihi BY GEORGE M'M ANUS -27 CwtitkL lt by l1 FmKn ln uu. I; had really been administered hy the : king or by one of the court ser- j vanls is destined to remain among : the unsolved problems connected with ' the revolution and the events which j Immediately preceded It. tCoelrttbt. 1823. tij th fUwtler BjmllrUf DISABLED VETERANS MUST APPLY FOR AID Thos Dm. ring Vocational Train- ! ing Must File Application Be fore December 16. Cnder the rehabilitation net. which provides for the vocational education of certain classes of disabled veter ans, application for vocational educa tion must bp made prior tn Decem ber 16. This statement wns given out yesterday ot the local headquar ters of the I'nttM 8tates veterans hi !! it TTAii I'rnM rnn m at the c0rthouse building. Failure to make application will result In the losing of the opportunity of receiving gov ernment aid. Applications may be made In writ ing, the applicant expressing a de sire to apply fnr thj training which the government offers. The appli cant, however, should make his ap plication In person. If possible. Ap plication forms msy be secured at thu I'nited States Veterans' bureau, 202 int building, Charlotte, or the local headquarter l oca tea in tne iu Cross room. New Orleans Cetton Rvrlevt. New Orleans, Nov. 26. Fluctua tions in cotton were somewhat car row this week, the extreme range of prices beiifg 99 to 109 point. Lowest level were reached In th early sessions when the trading positions were 67 to 62 points under the close of the preceding week; highest prices came on the closing session wlvn they were 38 to 60 points over. Last price were at net gain on the week of 27 to 83 points. December traded down to 24.17, rose to 25.8$ and closed at 25.26 cent a pound. Tn the spot department middling gained 87 points In th net result, closing at 25.62 against 17.25 on the close of this week last year. The early part nf the week saw more or less liquidation on the long acoount. which aocounted for the moderate depression whloh occurred. After the Issuance of the ginning statistics by th census bureau, counting the output to th 14th of November at only 8,849,8BT bales, the market had a better tone and there was a revival of small crop talk, private estimate that were Issued ranging from 9,400,000 to 9,600,000 bale. Th better feeling of the latter part of the week wa duo mainly to much better account from the spot department, claim of a better demand,, smaller offerings and continued firmness of holder many of whom still were credited with hav ing the firm conviction that 80 cent would be on the boards before the season was over and a new crop on the market. Full away of bullish Idea was hardly possible, .even with the Im provement In the spot situation, until after first December notice. These, however, proved smaller than ex pected, amontlna; to only 60.0 bale on the first day nnd 1.000 on the second. Considerable li quidation ot the float-! Ing long intM -u that remained In December was done following the appearance of tenders, ulthough spot Interests with bullish convictions made known their Intentions of tak ing care ft evory thing tendered against December. After first notice were out of the way the market no ticeably was more eaaily affected by buying orders. i Late in the week the trad com menced to pay a great deal of at tention to ginning now, mainly be cause the present ginning period will end Thursday evening of this coining week. Importance wa given to ginning comment because of adver tisements appearing In many news paper In the belt, announcing that gin would, from now on, run only one or two day a week. Thla coming week the ginning situation will be given more notice, especially in the latter part when returns from private bureau are likely. The gonernl Idea seems- to bo that ginning returns must remain small enough to be a support to values and thin Idea had something to do with the higher trend of price toward the end i et in week just flnlahad. Automobile Directory of GREENSBORO fc. J DEALERS DURANTFOUR DURA NT SIX MARK'S MOTORS OF THE rAHOMNA. lae. Illstrlbutors For Guilford Rtid Fandolph Counties HIT W. Market raoae MM I ACME TRUCKS Aeaaa Servlee C. R. Sutton Auto Co. ail Bneaaaaa Pfcoaa 1TM ' CHALMERS DORT CARS International Traeks Braasvriek Tires COBLE STARR MOTOR CO. (33 B. Elm St- Phone ITI Locomobile and Mercer SALES AND SERVICE North and South Carolina HinVi Matara of the Carollaas. I nr. 3IT W. Market , Phone 3S3fl CHEVROLET Parts and Serviee R. G. Sloan Motor Co. 10I-1OS N. navle St. rhone 93 Dodge Brothers Motor Care and Serviee Mebane Motor Co. Dealers Temporary quarters rear (. Henry HUPMOBILE Phone 3232 KIRKMAN & COBB 111-113 E. Washlnartoa St. SERVICE AND SUPPLIES Vulcanizing, Repairing and Retreading All Standard Makes of Tlree A IT TO TIRE ACCESSORY CO. 112 E. Washington St. Phone 1862 QUAKER STATE MEDIUM OIL Is the best for your car Guilford Motor Car Co. 114-11H S. Davie St. Phone 16 WILLARD Service Station GREENSBORO STORAGE BATTERY CO. 117 E. Market St. Phone 1677 STORAGE BATTERY We Repair llroken Machinery Phi-ite 1020 WICKER & R1ERSON Weldlna nnd Cutting Done Anywhere Carbide for I.lBhts 10 S. Ilavle St. Greensboro -HO0D- TIRES More miles make them cost lees Greemboro Tire Co. Cor. Davie and Sycamore St. , J. mKi rawlings General Auto Repalrina Satlsfaotlon Guaranteed Ask those ws serve about our service JH E. Sycamore Phone JH7 Automobile Gloves and Robes Plnld-hack and plain bark nil wool Hobes. In a wide assort menl of eolors. Odell's, Inc. Use News Want These firms are always ready to give you SERVICE Keep this Directory where you can refer to it at any time. COLE "8" STUDEBAKER EH VICE MALES Gate City Motor Co. IH E. Market St. Phone 178 BUICKCARS sehvicpi a urn ivpr-Ltiss Greensboro Motor Car Company m-IU W. Market St Phones 2500-S501 CARS TRUCKS SERVICE Thos. C. Hunt, Inc. Corner For Ms A Sycamora Sts. Phone 260 BEST TRACTORS RUSSELL ROAD MACHINES MI'NK'IPAI. AND CONTRACTOR'S EO.IIPMENT E. F. Craven The Road Marhlnerr Man FRANKLIN CARS Guilford Motor Car Co. Distributors and Service 114 S. Davie St. Phone I Essex Hudson Willys-Knight Overland Distributors and Service T. & H. MOTOR CO. Ill S. Davis St Phone S47I FORD CARS FORDSON TRACTORS tlBNt'INE PORD PARTS McGlamery Auto Co. "Home of Ford Service" Buchanan and Ashe Streets P. B. COMER The Bosch Magneto and Oray and Davis Service Station RerrlndlnE and overhauling motors my specialty Phone Ml m to n, Lew) su THE EXIDB BATTERIES Service Station nni.FORD STORAGE HATTER V COMPANY 30 7 1? Mark e.t St. 1'hone 280 HARLRY.DAVIMSON MOTOR. CYCLE AGENCY and SERVICH Motoreyclea linpalred Satisfaction Guaranteed m w' Market PhOB4) 2Mt GAS OIL SERVICE I-et us drain ynur rrank rasa free, and nil it with new "i FREE PARKING (.HOI NU Apple and Waynick Greene A Gnstoa Phone 2SN6 DIXIE SALES CO. 10 S. Davie Phone 1123 Distributor and Service Stations of Automotive Electrical Equipment Winder-Rogers Service 1 Oneratlna- Five Superior Servloe Stations "Ws Know You Are In n Hurry" Elm and Wastnn Station r,,,,, . 84 hours ' Gloves fo, Men ..nd , vHth nnd wh..i.t ,!!,, Fur aad ool lii i-d. Odell's, Inc. m Ads for Best Results ( (I X ?! i X (
Greensboro Daily News (Greensboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 27, 1922, edition 1
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