Newspapers / Greensboro Daily News (Greensboro, … / Nov. 29, 1922, edition 1 / Page 13
Part of Greensboro Daily News (Greensboro, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
43 't General Gains Made By Many 1 Stock Issues During the Day Substantial Advances Registered With the Session Character- ' 1 V , Vi m a m wis .. . MUTT AND JEFF-Jeff's Brain Ain't DormantIt's Dead By BUD FISHER izea jay a Tone oi unmisiaKaDie firmness sold Uut Condition Is Much In Evidence. . GREENSBORO (DAILY NEWS. WEDNESDAY, NOVEMBER 29, 1922 tlf UtKd Win w Vattf Jen. leopirliM. UU, b? nuUMvhU rual'i l)er.) New York, Nov. (8. Oeneral and substantial gains war registered by 1 today's stock, market In a session charaotarlaad by unmistakable ' firm ness, but aomawbat restricted ao- ttvlty. Total tales approximated a million shares. Jut how much o tha Improvement In tona and senti ment may ba attributed to a reduc tion of professional bear commit ments necessarily la a matter of con jecture. That tha shorts should un- , 'dertake to cover on a acala aa ex tensive, aa Indicated la In Itself a (hopeful oman. At any rata, tha market had two thing's In Its favor today. Ona was lta avtdently sold out oondltlon, while , tha other was tha undeniable evidence of Improvement In general conditions. Thara waa nothing to oooaalon pea- almlsm In outside devalopmenta or In occurences relating mora oioseiy to tha market Itself. American Can waa vtwiv uii live per gqdi uiviueuu basis, while Coca Cola want on a It basis. Adams Express placed lta common stock on a 14 basis, tha first return to stockholders In about Ave years. True to that speculative form which Is tha essence of Inconsistency, both American Can and Adams Ex press were reactionary, with tha lat ter breaking quits sharply on the an nouncement of the disbursement rate. Coca Cola, somewhat better sup ported, registered a gain. These were among tha minor Incl- ments wera oonoerned. Some sharp JT penalties, coppers, equipments and Tta oils. American Locomotive, Bald- win, Lima and Pullman wera up sharply on the day, while the Stand ard Oils, Mexloan Petroleum and the Pan -Americana were outstanding fea turea of strength. Tha rails gave re flection mora of their aoldout condi tion than any special developments in the way of news. Baltimore and Ohio, Reading, Southern Pacific, New York Contral, Union Pacific and tha Rock Island Issues, which showed advances of one to mure than two points were typical of steadiness throughout the croup. Opinion throughout the street seems fairly conclusive to the effect that the recent liquidation has eliminated practically the laat veatige of weak spota that may have existed In the market recently) Tha usual flock of rumors may be encountered regarding the recurrent ' question naires put out by the atock exchange authorities, but these Inquiries are not of a general nature and appear to be largely by way of checking up with certain concerns In Tespect to the manner In which the requests of the exchange have been observed. There seema to be little doubt that : this phase of tha situation hits been magnified to an absurd degree. Wall street'was muob Interested In ' the terse comment on the market aituatlon credited to John J. Mitohell, the Chicago banker, who was recent ly In New York. He stated that he found nothing to Indicate anything "big hanging over the market." and from what he learned In Washing ton be did not believe the administra tion would stand for any Increase In taxes. No news from Europe In these days usually la good news, but It might be pertinent to remark that numerous 1 items are filtering Into tha financial i news reflecting a gradual though ateady Improvement In Europe's economic position. Great Britain has reduced her Idle shipping by some thing like 400.000 tons compared with a few months ago, and reports from Industrial centers on the continent In dicate a progressive increase In 'ac tivity In several of the essential in dustries. All of which should make us mindful of the fact that headlines blasoning political disturbance should not entirely overshadow the evidence of gain In tha humdrum ao ttvltlea of tha people themselves. MONITOR'S WALL STREET OOSS1P (By Luari Win U Dilli Nawul (Coprrttht. 19211. bj MMaiMvhU Fublla leditr.) New York, Nov. !8. Declaration of an Initial dividend on American Can common, although generally ' ex pected, waa an encouraging factor In the market In many quarters It had -been felt that declaration of a 14 dividend would be ample to reflect the prosperity of tha company, but declaration of the IS disbursement followed by the official statement that this waa conservative gave a true light on conditions In the Indus try. President Wheeler's statement of the exceptionally good business being done by this company at this time waa well received. The com pany Is In a atrong financial position, with tha prospects for the coming year very good. Announcement of the common dividend was made well In advance of the stock of record date In order to permit the scattered stockholders of the company to "transfer their stock In ample time. It was 'reported today that tha ateel corporation la buying It pwn stock ,in the open market, and It thla la so, the obvious purpose is to acquire ahares which will be offered to em ployes for subscription, next year. I With practically every phase of the steal corporations business Improv ing steadily, and with demand from railroads, automobile companies, fab ricators and. In fact, most lines of con sumption holding consistently, it would appear as though" the present forms a deoldedly good level for this aocumlatlon. Wall street was not entirely sur prised by the unusually strong board lscted toy Consolidated Textile. The recent strength In Consolidated was asoribed for a time to reports that American Woolen waa considering the acquisition of the corporation. Thla waa denied, but buying per sisted. The election of William Wood, of tha American Woolen com pany, to the consolidated board does not Imply control of the latter by the former corporation. Messrs. Wood, Rupprerht and other prominent trade and-banking leaders should form one of tha strongest groups In the textile Industry. Atlantlo Refining, which has Just declared a 900 per cent stock divi dend, IS expocted tq go on a divi dend basis of II a share for all the new stock. This would mean an nual dividends of 40 per sharo on the equivalent of one 'share of 'Ihe present stook, on which the rate has been 20 a year. While this new dividend rata has not been actually declared. It la reported that officials of the oompany anticipate such an lnorease. Baldwin Locomotive waa one of the turning points In .the afternoon mar ket,, and It la apparent that tha story Chrysanthemums All Color All Prices Summit Ave. Greenhouse Percy, aear Summit Aveaue Fkone M told on the tloksr Is only part of what li transpiring behind the scenes. Today's turnover In Baldwin was about Ova per cent of the entire outstanding stock, with yesterday's almost as heavy. .Much of the sell ing pressure evident In yesterday's market was said to have bsen foroed liquidation by pool' Interests. .Other stories have it that large bear operators wera attacking tha stock desplta the well fortified position in which all of tha equipments are now placed. Whatever the cause of the selling, the up-turn today waa deci sive. the close showing a net recovery of nearly three full points, tha close being within a point of the high. Foreign advices on the crude rub ber trade continue very bullish, and Amsterdam advises that traders tlure are sold out for the next year or so. The aituatlon la further confirmed by reports from London. that British buy era are unable to secure rubber in tha Dutch market. Tha rubber mar ket all over tha World from Bnlga pora to New York li becoming firmer steadily, with ' American prices' up about two centa for tha week, and British prloes offering In the neigh borhood of 14 pence. The Fenhsyvanla report' for Oc tober shows a decrease, In net of neraly 12,000,000, arid emphasises the heavy expense of maintenance of way and atructurea and maintenance of equipment, whro,hls being met by all of t.he roads at present. , MONITOR. C. B. EVANS' CHICAGO LETTER. (B Lama Win u Dally Nei.i k (CoprrltM. 1B29. br Pbllidilglill rubllc Udf.l Chicago, Nov. 21. The dividends talk. This does not mean the stock dividends but tha cash disbursements that fall Ilka the gentle rain on the estate of the security owner, for there may be huge mistakes in the declaration of atock gifts. The oash payments are Increasing and the di rectors are probably not deceiving themselves or their stockholders as to the ability of the corporations to maintain them. Moreover tha reports of the companies- bear out this ac tion, showing aa they do good gains In tha main. These things mean Improvement In business. Today the stock market felt the stimulus and made quite an iflvance, for evidently the up move ment was not due entirely to cover ing of shorts. By so much are the Chicago operators justified who have held on to their atookr. These aspects are of much mora Importance as an index of the gen eral situation than as matters of profit and loss to the traders. They were submitted today to a leading banker, who threw cold water on' them, not In great splashes but In a rather generous sprinkle. As to the dividends, he said: "Yes, they are diving while the diving is good. Two or three years from now you will see a different situation." It Is astonishing how many people have got that "two or three yeara" stuck in their heads. Where did they get it? Even If that were to be the term of a large expansion In trade, followed by a period of moderation, we should have reason for much sat isfaction, especially looking back on 1920 and 1921. ' - Aa to the Immediate future he called attention to th decline) In pig Iron, but it should be remembered that this reaction Is from prices caused by unusual scarcity due to the two great atrikea. We could stand it very well If pig iron con tinued around 25 a ton. Even as to pig the conditions appear to be temporary. The extraordinary de mand for steel will presently take care of that unless the powers that be get In some work against the railroads. Then, of courae, the old world had to butt Into tha conversation and It was as disagreeable as ever. What are we to expect from Europe? The answer Is indefinite, but among tl)e pleasing lncldenta of a pleasing world placed In the program for the coming winter is a revolution In Qermany. We also reserve the right to be appalled at the possibility any time of Turkey, Russia and Qermany sweeping down on western Europe, but that would lnorease business in this country provided our manufao turera of munitions were satisfied that they could get their pay and prqvlded also the United States gov ernment would not put an embargo on all war munitions, which would really be the best thing that could happen. 4 Wa have now an astonishing sup port for our trade considering all the .circumstances in the export of our commodities, which were 5ft, 000,000 greater last month than In September, and 129,000,000. greater Jhan In October, 1921. But money Is weakening, even In this city, which is supposed to bear the brtint of crop moving at the present time. This seems to argue less use of capital In general business than has been ex pected by many people and all along wa lose sight of the fact that the free capital of the United States has been Increased In recent years at a rate without precedent. Capital Is being turned over freely In Beveral llnea of business1 notably In ateel, lumber and tha production and distribution of fabrics. Reports from the portion of this country of which Chloago Is the center are still higher satisfactory as to the buy ing of articles of ordinary use. In the east the manufacturorers of fab rics, of Course, are much busier than tor many months. It must be admitted that Invest ments in industry for the long pull are npt such as .have characterised times of active business in past years, that la we are not building railroads and are constructing build ings only to muke up for the Im mense deficit that was created by tha war, while also copper mining 'is on a small scale still, and as to shipping we do not ilka to think about It. It requires more stability In the political and business fabric and in the minds of the people to justify these long range Investments. But the more staple activities are in excellent ahape with every prob ability of further expansion, espe cially In electrical lines and in the production and distribution of oil. Thus the whole aituatlon appears to he at least fairly good with enough drawbacks to prevent us from get ting' orazy with the idea of a boom. C. B. EVANS. Dry Oooda Market. New York, Nov. 28. Cotton gooda markets held steady today with trad ing quiet. Yarns were unchanged, as a rule, but aome quotatlona were er ratic. Burlaps were steady with trade moderate. Wool goods continued firm with business of moderate propor tions. Silks were less active but many of the standards held firm. Hosiery waa firmer with a tendency to advance on tha atapie cotton end. Mew York Money. New York, Nov. 28. Call money easier: high 44; low 4; ruling rate 4V; closing bid 4; offered at 44; laat loan 4; call loans against acceptances 4. Time loans easier; mixed collat eral . C(r-!)0 days 4145; 4-6 months 4ii6; prima sommeiaial pausr 4fe. wev tl. Me too vw.ft I (FiNe.lVtrYf KMC m caw I $iV0,rb frrrS I fTDiwr wr,tfT p ft, Herw u 1 aBiwiMc.ma'Pokc Loan M jJ W Z?J?J r Sfaf 1 ? I we vi m. ' ft. QU.T AT 1 - -" ' ' -4- 1 .au. BRINGING UP FATHER I WOULD Lire TQ lljlkC II I BY COLLY-TH 0UY6 I H I I MJUf 3Z"1 nrm .2Q-TE CTilT mm - epuwnx-all they mm M 1 J f4-34 L . NEW YORK CURB MARKET New York, Nov. 28. Transactions on the New York curb market today wera aa follows: Industrials. gales Close. 9100 Acme Coal , 57 6000 Acme Packing 3u 100 Amalgamated Leather 14 100 Atlantlo Fruit Co 700, Br. Am. Tob. reg 6800 Br. Am. Tob. coup 100 Brooklyn City R. R. .. 1800 Buddv Buda 100 Car Light 100 Carlisle Tire 100 Cent. Ter. 8ugar Co. .. 400 Chicago Nipple 1900 Col. Emerald 14900 Continental Motors ... 800 Cuban Dom. Sugar 100 Denver R. G. 1st pr. . . 700 Dubller Cond. and R. 4900 Durant Motors 100 Gardner Motor 800 Garland Steamship ... 165 Gillette S. Rasor SOO Glen Alden Coal 100 Goodyear Tire pr 600 Hayes Wheel 200 Heyden Chemical BOO Hudson Co. pfd . 1 . 20 . 20 . i 114 . 1 . EO . 1 . 3 . 61 . 11 . 6- . (0 . J . 67 . 9 . 66 .248 . 63tt . 26 . 37 . 1 . 14 SOO Hudson and Man. .1.... 9 600 Hudson Motor 1JJ4 5400 Mercer Motors 7i 400 Meroer Mot. v. t. ctf. 1000 Mesabi Iron 200 N. Y. Tel. pr. w. L 100 National Leather .... 10 New Jersey Zlno .... 200" Peerless Motors .... . 2 , 11 ,110 . 7 .163 . 64 19 H 100 Prima Iladlo i Radio Corp. com .. tt Radio Corp. pr 2 5700 200 100, 1400 200 1000 Reo Motor lruca " Repettl Candy 1 Bcnuite stores South. Coal and Iron . Standard Motors a.., Unln. 69 35 2 16 18 B 6 200 100 300 Swift International .. 200- Technical Products 600 Tobacco Prod. Exp. 815 600 9000 700 200 2000 100 ' 600 73 J66 1300 loau oini'jaiw" .......... V. S. Distributing 34 iA IJ. H. l.t. una in. v. IT. S. Lt. and HL pr. . . United Profit 8h., new . United Retail Candy . Union Carbide Wayne C(al i 6H 2V, 07 el ii.u Willys Corporation, 1st pr. J0t4 . inn W miner nuwr a iv yi standard Otis. A I. A -....-loan AH 14 800 400 275 50 50 494 40 255 100 10 295 266 10 48600 ' 80 1000 155 260 1000 2000 400 69000 600 100 4 00 200 2000 19000 800 11600 600 500 4200 5400 8000 1890O. 6000 1000 moo 11600 140 13900 800 1400 400 100 8000 100 80OO 1.100 9300 100 5000 1000 8200 1 1 AA Atlantic Lobos VA nucKeye riyo i.uiw . Crescent Pipe Line . Galena Signal Oil Imperial Oil, Canada Illinois Pipe Line ... Indiana Pipe Line . Nat. Trans .109 . 42 . 65 .1104 .163 .109 . 24 121 Ohio on ..' J82 t. l.l. Din. T .in A ..302 South Penn Oil f nil nt Tntl. .118 Stand. Oil of Kansas . 8tand. Oil of Ken., new Stand. Oil of N. Y. . . . Vacuum OH Indrpeadeat Oils. Allen Oil Allied Oil Arkansas Nat. Oas . . . Big Indian O. and O. Carlb Syndicate nmm R.rvlpA . .650 ..109 . .630 . .613 .. 10 .. .02 .. 84 .. .03 .. 4 ..182 Cities Service "B" ctfs. 18 viiim bci , iu ui.b. . c --..I an7X I..IMCS boi v n;c v n Cushlng Petroleum 03 Engineers Petroleum ... 17 Equity Pet. pr 15 Federal Oil 82 Fensland Oil 13 Ollliland Oil 3 Glenrock Oil IVi Gulf Oil w. 1 60 Vi Hudson Oil 11 International Pet 21 Keystone Ranger 32 Lance Creek 02 Livingston Pet 79 Lvons Petroleum 67 Magnolia Petroleum 230 Mammoth Oil 42 Maraoalbo Oil 16 Marland Oil of Mex. ... 4 Merrlt Oil 7 Mexican Eagle Oil 11 Mexico Oil 94 Mid. Colombian O and D. 2 Midwest Texas Oil 22 Mountain anil Gulf Oil . , Mountain- Producers .... 16 Mutual Oil 104 New England Fuel 65 Noble Oil 22 Northwest Oil 11 Omar Oil 100 i-ennoK uu s 1. I 1, .. 1. ,111 is mnn T) 1 Ranba Oil 100 Ryan Consolidated . 1400 Salt Creek 800 Sapulpa Ref 1400 Seaboard Oil and Oas 5 19 IK lnuo nneus I'mon u w. i. ... 1900 Simms Petroleum :. 11 100O Southern Pet. and Ref. . 11 i-nn an..u o.n.na Ml 1 y 104 South States Oil ..'.! 16 Tawnn nil arA T. a-.it 9C 1000 1500 1500 3000 Turman Oil 14 "Y" Oil and, Oas Mining. Alaska-Br. Col. Metals Belcher dlv Belcher Ext 08 ' l'A .01 .06 . 600 6000 1000 8000 2000 Bl(f Ledge nig ijenge 07 Uooth Mining .......... 07 Close . 05 . 68 . 84 . 24 34 . 17 . 14 2 . .70 . 14 . 9 . 08 . 03 . 22 . 12 . 14 . 06 . 10 .. 04 . .11 . .08 . .08 4 . 114 24 . 25 . 27 2 . 25 . 06 . 1 . 22 . 09 . 8 . 64 . 39 . 14 . 02 . SO . 20 . 31 . 4 .04 . .60 . 23 . 84 . iA . .11 . 73 . 34 . 8 . 18 . 4 . 1A . 254 . 1A . 04 . 50 . 784 . 2 4 . 97 . 96 . 89 .100 .100 .102 .103 104 4 . 62 .1044 .1024 . 99 .1069, . 90 . 32 s 994 . 99 .105 .1024 .1004 .101 .104 .103 . 99 . 96 . 96 4 . 974 . 90 .108 .101 .101 , 944 . 79 Boston and Mon. Dev. . Boston and Mont. Con. . Candelaria Mining Canarto Consolidated Cop. Mtn. Cork Trovince Cortex Silver Cresson Gold Dean Cons Dolores Esperans ...... Dryden Gold Kl Salvador . . , Emma Silver Mines ... Kureka Croesus Forty-nine Mining Fortuna Goldflold, Consolidated . Goldfield Deep Gold Development Goldfteld Florence Hard Shell Mining Harmyi Divide Mln. ... Heela Mining Holllnger (iold Mines ... Howe Sound Co Ind. Lead Mines Iron Blossom Jerome Verde Dlv Lone Star McNUmara Crescent ... Mason Valley National Tin Nevai'a Ophlr New Dominion Nlplsslng Ohio Copper Ray Ftercules Mines ..4 Sandstorm Kendall Silver Mines Am Silver Klnpt C. Mining . Simon Silver South. Am. P. and O. ... Spearhead Success Mining S'Mnlr.i silver-Lead .. Tech Hughes Tonopnh Belmont Tonopnh Cash Boy Tonopah Divide Tonopah Extension .... Tonopah Mining U. 8. Contlnental'Mlnes . Unity Gold Untted Eastern United Verde Exten. ... West End, Cons West End Ext Yukon Gold '81500 lkOOO 400 1800 2000 2800 200 8200' 2100 101) 15000 4000 f 000 60H0 11000 1000 10000 1000 1000 8000 7000 100 400 1100 26000 1000 100 8000 2000 100 61100 9000 900 400 1000 8000 8000 3000 1000 2000 400 4000 4900 icon 600 Uiio 12000 7700 600 2 1 H0 2000 500 6700 100 2300 8000 800 Donas (In a 1000). Allied Packer 6s Allied Pscker 8s Am. Cotton Oil 6s Am. Oas and Elec. 6s Amer. Ttep. Coup. 6s Am. Tel. and Tel 6s, 1924 Anaconda Copper 6s Anaconda Cop. 7s, 1929 ... Anglo American Oil 74s Armour and Co. 7s Atl. Gulf and W. I, 6s . . . Beth. Steel 7s, 1923 Bethlehem Steel 7s. 1935 . Canadian Nat. Ry. 5s Cent. Steel 8s Cities Service 7a "D" ... Col. Graphophone 8s 1 13 5 1 1 2 17 12 1 3 1 2 7 2 ! S 4 10 15 8 3 17 2 12 J 11 1 184 1 4 4 13 2 6 2 9 t 2 2 11 2 2 1 1 2 27 8 16 11 Consolidated, Oas. Bait. 54 Consolidated Textile 8s Cuban Tel. 7 4s Deere and Co. 74s Detroit City Oas 6 General Asphalt 8s Grand Trunk 64s Gulf Oil 7s Hood Rubber 7s Interhoro R. T. 8s, 1922 . . lnterbnro R. T. 8s. ctfs. . Kansas Gas and Elec. 6s Kansas City P. and L. 6a Kennecott Copper 7s ... Laclede Gas 73 Llbby, McN. and I.lliby 7s National Acme 7 4s .... N. Y., N. H. and H. 7s Public Serv. Co. of N. J. 7s 102 Southwest Bell Tel. 7 .102 Stand. Oil N. Y. 7a, 1926 .104 .106 .108- .109 .106 .1014 . 974 .1024 . 984 .108 .102 .106 .107 .1014 Stand, oil jv. 1 Stand. Oil N. Y Stand, oil N. Y Stand. Oil N. Y. Sun Oil 7s ... . 7s, 1927 . 7s, 1930 . 7s. 181 64s .... Sun Oil 6s Swift and Co. 7s, 1931 . Swift and Co. 6s Tidal Osage 7s Un. Oil Prod. 8a United Ry". of Hav. 74s Vacuum Oil 7s Valvollne 7s Foreiso flonds. Argentine 7a. 1923 King. Netherlands 6s .. KI11K. Serbs Cronts 8s ... Mexico Gov. 6s Mexico Gov. 5s Mexico Gov. 3s , N. Y., N. H. Fr. 7 Hep. Peru 83 Russian 64s ctfs Swiss 54s U. 8. Mexico 4s 16 293 10 10 S 20 4 15 T 101 . 974 . 96 . 75 . 63 . 154 . 14 . 66 4 . 9 4 . 10 .102 . 16 BOND PRICES SHOW GENERAL ADVANCE Vary Little Change in Status United States Government Securities. of New York.' Nov. 28 Bond prices generally moved to higher ground In today's market In sympathy with the decided upturn in stock prices, gains of 1 to 2 4 points being quite numer ous at the close. Heavy selling of New Haven Issues on announcement that the Interstate Commerce commission's gross valua tion of Ihe road's property was plaoed at J3S2. 787.000. as against tha road'a Sales 14500 ' " Y " eaHifc valuation of 1464,949,000 was one of the features. New Haven 4's of 1957 broke three points, the 84's of 1954, 2 and the 4'sl of 1956 2. while New York, Westchester and Boston 44'a yielded 24. The par value of the company's total stocks and bonds is 1391,487.000. Railroad mortgages generally made good gains, the Erie and aome of the other speculative issues making a sharp recovery after a weak opening. St Louis and Iron Mountain 4's moved up 8 points and Seaboard Air Line consolidated 6's 24, while Erie con vertible 6's. series D; New York, On tarlo and Western 4's and "Katy" ad justment 6's each climbed two points. Copper and sugar company liens made the best showing in the Indus trial division. Chile copper 7's im proved 2 points, Cerro de Pasco 8's 2, and Punfa Allegre 8'a 1. Sharon 8teel 8's. Southern Bell Telephone 6's ana Brooklyn Kapia Transit 7's and certificate 7's also were In good de mand. There was a good Inquiry for the Dutch East Indies Issues In the foreign list, the 6's of 1947 and 1962 each getting up over a point, with Solssons 6's and Mexican 6's. Czecho slovaklan 8's sold off a point and some df the French governmental and municipal bonds were Inclined to ease with the weakness In Paris exchange. United States government bonds moved within a range of 8 cents on 1100, gains and losses being evenly divided. Total sales, par value, were 110, 161.000. There were no large offerings to day. Announcement was made thai the 11,600,000 first motfage 20-year 7-oer cent bonds of Whltaker Pnner company had all been sold. They were offered recently at par and In terest. Market For Coffee Futures Quiet and Generally Steady New York, Nov. 28. The market for coffee futures was very quiet but generally steady today. The opening was unchanged to five points higher on some trade buying of the later de liveries. Recent covering waa fol lowed by a sale of December at 9.97 during the "earlier trading, but the price later rallied to 10.00 while March eold up from 9.61 to 9.66 on reports of a steady spot situation. The market closed at a net advance of one to Ave points. Sales were esti mated at about 6.000 bags. Closing quota! ions Decern br 10.00; Jtui uft r v 9 89; March 9.65; May 9.34; July 8.0i. SeptTtibr 8 .60. tfpot coffee was reported In some what better demand with prices n the bants of 11 cents for Hlo Ta and 15161 for Santo 4s' Cot and freight offers Included Santos 3"i and 6's at 14.37(1715.10 and Rio 7's ut 10.45 American credits. The official cables from Brazil re ported an advance of Ave rein In the dollar buying rate with a decline of 1-83 pence in the rate on London. The Rio market was 26 to 60 rels higher and the last cable from ttantoc was 12u to 176 rels higher. Brazilian port Tfcefftts 41,000; .Inndtahy receipts 22,000. Rio cleared 14,000 for New Orleans and Victoria 4.S00 for New York. t'kleago Cattlo, Chicago, Nov. 26. Cattle receipts. 16.000: better grade native beef steers and desirable beef heifers strong to 26c higher; beef steers mostly l.'i to 25c up: top matured steers 11.26. weight 1.66D pounds; best yearlings 15.00, weight 1,066 pounds; bulk na tive beef steers 8. 26010. 26; short fed unevenly 60 to 7ro higher than low time last week. Spota show more up turn; beef cows and lower grade beef heifers steady lo strong; canners and cutters generally s'trong; cannern closing weak; bulls about steady; stockers and feeders active, strong; veal calves largely 26o higher; Im proved quality considered; bulk de sirable veal calves to packers 8.60 'tt 8.76; several lots upward to 00; bulk derisable bologna bulls 4 U 0 ifi 4 bulk stockers and feeders on country account 6.0007.00. Hogs: Becelpts 46,000; mostly in cents higher; bulk 170 and 200-pound average around 8.20; good and choice 210 to 880-pound butchers 8 2568 30. top 8.80; few 180 to 160-pound aver age S 26 3 8.60; packing sows 7.35f 7.86; desirable plga 8.268 8.40; esti mated holdover 9.000. Hheep: Receipts. 15.000; fat lambs steady to shade higher; top 14. HO lo city butchers and shippers, 14.85 to packers; bulk 14.26 SJ. 14.66; culls most ly 11.00 11.50; choice 76-pound fresh clipped fed lambs 13.16; three doubles 83-pound August shorn 13.66: feeders active around steady; morning lop feeding lambs 14.00; desirable 67 pound clipped yearling wetbers 11.10; sheep about steady; heavy fat ewes 6.O0Q5.6O; lighter weights upward to 7.00. Fanner and Bean Cotton Letter. IBtdtl Is Daily New York, Nov. 28. Interest In the market today was at low ebb. The opening was at a amall concession owing to continued indifferent Eng lish cables but the thoroughneas of thk recent heavy liquidation waa quickly apparent aa the market steadied and slowly advanced with out much outside help. The Jay re port did not have much effect as the crop is known to ba small enough to satisfy those who ara believers In higher prices. Share Is a dlvergenoa eX opinion as to whether the British SDlnners have comfortably covered their needs but me opinion of spot people In a posi tion to know believe that these peo ple have much cotton to buy and nave thus far flelaved In the belief that the government haa sharply under-estimated the crop. Another view ia that with rising costs abroad the foreign spinner is at the end of his rope and stands In danger of his market being taken away from him. Interest Is beginning to center around the forthcoming ginning re port and opinion expressed seems to be looking for 460,000 for the period against 360,000 last year. In dry Roods circles It Is felt that cotton may by false pressure be forced undor 26 cents but will not long remain there. Spots In the south will be the governing Influence as speculation is apt to be restricted until the forthcoming reports are out of the way. Twenty-five cents seems te be the fighting ground for the present. FENNER AND BEANK, NO INDICTMENT ORDERED IN DOUBLE MURDER CASE BY JERSEY GRAND JURY (Continued from Page One.) lltney driver from Somervllle. The slate maintained that his testimony regarding a machine he had seen standing near a lane leading to the scene of the murders on the night they occurred would serve to corrob orate the identification of Mrs. Gib son. Foreman Olbb declined to enlarge on his formal statement and Mr. Mott also maintained strict silence so that some doubt remained '.n the minds of newspapermen as to whether the Jury actually had bal loted as reported, or had tacitly agreed not to consider the cane fur ther. "Where do I stand?" said Mr. Mott In reply lo persistent questioning. "It appears to me as If I were In some thing of a stato of suspended anima tion." Attorney Pfelffer, representing Mrs. Hall, would mHke no statement at the courthouse, but later nt the Mall home In New Brunswick ne said: "Mrs. Hall Is gratified at the uraml Jury decision. 1 suppose the officials rami 1 We Offer You An Investment Service Ashevillc High Point will continue their work, and I most certulnly hope they do." StiAe troopers and detectives to night had received no orders. Be lief waa expressed that tomorrow they would be Instructed as to whether they were to push the In quiry further or allow the case to rest for the presont at least. The courthouse presented a tense scene this afternoon as the drama ap proached Its crux. Shortly aftar tha Jurors returned from the lunoheon recess, Mr. Mott, I rosecutor Beekman, of Somerset county, and tl'o Jury s'.eno.frapl.er v. ere sen frem the Jury room and the jurors began their deliberations. County Judge Cleary was sum moned to the courthouse. A court attendant waa ordered to be ready to convene court at a moment's lotlce. The moment of suspense had arrived. Nobody seemed sure of what would happen. Even Mr. Mott profested himself uncertain as to what the grand Jury would do. "It's a business-like body," he saH. "And I would not attempt to predtot what will happen. They have ihe case now and Its up to them." An hour later the two proseoutors were recalled. Then County Detco tlve Totten entered the Jury room. Air the time, three persons, seated In a group, were watching the Jury room door. They were Mrs. Hall quiet, cold, staring; her friend Mlsa Peters, occasionally dropped her eyes to a book opon In her lap; Attorney Pfelffcr, twirling his fingers, appar ently in a day dream. Suddenly the door burst open. Tot ten reappeared. In his arms he car ried two cardboard boxes '-outalntng ' the garments of the murdered pair. They're shaking hands all around," he declared as he disappeared up stairs. "That looks as If It was all over." From their icorner Mrs. Hail and her companions watched reporters rush Into the Jury room at the re quest of the foreman. There was a glimpse of a bare-walled chamber, from which all maps and pictures presented during the Jurv proceed ings had been atrlpped. The formal statement was handed The Bond Department of The Wachovia is at the ser vice of individuals, estates, banks, insurance companies, towns, cities, and counties. Our investment service is comprehensive and thoroughgoing. It covers the en tire State. It helps the individual to select, sell, and manage securities. It helps to review and conserve the bonds comprising an estate. It co-operates with banks and conservatively managed or ganizations in the careful investment of surplus funds. ( For tow ns, qities, and counties it arranges and underwrites bond and note issues of proved soundness. it advises and co-operates with worthy enterprises in the arranging of security issues for the expansion of business or the development of properties. It is a force for good in the State of North Carolina It is at your service. mCHOVlA BANK AND TRUST COMPANY BOND DEPARTMENT NORTH CAROLINA Winston-Salem FOR EVERY FINANCIAL NEED: Commercial Banking-Trusts-Savings-Safe-Deposit-Invesfments-Jnsuranco BY GEORGE M'M ANUS tAc- would like to " HAVE tOME THA fU?veD W NX ROOM I MMEDlATE LV, ' out. Reporters rushed te telephones. It was all over. Bar IUTr. New York. Nor. 26. Foreign ba sliver 61; Mexican dollars 48 Miss Emma M. Olllett, dean of tha Washington College of Law, has tha distinction of being tha only woman In the United States at the head of a recognised law school. Mlsa Olllett . also has the honor tot being tha first , woman to receive an appointment as. a notary public from a President of -the United States. , ' (NOW, EVtRY DAY FROM SUN MOSUN-YOU'LiriND US STANDING BY THIS (rUII WE'RE standing by oar fab dealing guni. They have) brought ui comfortable amount of buiineu and a fair profit and w believe they will continue to do go. Keep on talking about thla lumber yard, friends. We'll merit your ap probation. The Fuller Lumber Co., Inc. West Im it. Pheae ISM Raleigh Salisbury 1
Greensboro Daily News (Greensboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Nov. 29, 1922, edition 1
13
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75