Newspapers / Greensboro Daily News (Greensboro, … / Dec. 8, 1922, edition 1 / Page 19
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6 MUTT AND JEFF- Mutt Lamps the Leading Citizen of a Thriving City Stocks Resume Advance With Industrials Paving the Way v . . ' v-.'"i Market Sentimenl Exhibit AU Outward Signs of Confidence, With Transactions Making Large Gains Over - Totals For Past Several Weeks. By BUD FISHER GREENSBORO DAILY NEWS. FRIDAY, DECEMBER 8. 1928 -4 I Itt Loan Win U TM9 Mm.) . (CowrltM. 111. t WiltaftWU rmt ) - ' New Terk, Dm. 7. Stook returned their, advance In a market that wa eharaetrled by a brisk demand for Industrial! and polaltia, with i ttmnt xhibttlng all outward lgn of confidence, and transaction mak . lnr an appreciable gain over recent dally total. The fiood of atock dlv Menda oontinues unabated, although perhape many of the declaration to thl ffeot represent aotlon taken by directorate eometlme ago. . Moment- urn, rather than tendencies of the moment, therefore, wquld seem to ao- count for tha number of announce ment day by day. " Price movements during the ses sion furnished several features of Interest. In the oils, Mexican Petro leum and Pan-A,merloan supplied the ' pyrotechnics, while May Department stores, with a spurt of 10 points or so, responded to stock dividend oe- lDpmatt.Iher was n element of the dramatto In the bid which Flg- glr Wisely made for spectulativs at tention. The advertised arrival of one of the leading officials amply , fortified with cash and warlng vengeance on the shorts, caused lov ers of a flcht to atand at attention The street understands, however, that In the flse of more than four polnta whloh the stock reoorded today, the -friend of the oompany had ,the bene fits of the servloe and assistance of one of the most adroit operators in the market. .Among the, other active inouairia.if and specialties were American lea. United States Industrial Alcohol. Na tional Lead, Allied Chemical, Bald a . , ..itj.,.ji rlv.r Htemd win ana uuitmmuBi . ard Oil Issues did lKtle In the way of net eheflgea, " the early gain were considerably reduced by the late re action that affected much of the rest of the Hat. ' . - It seems rather strange that the railroads are not making- a bettor showing marketwlse. They at least have the prestige of-the report ol the Interstate Commerce commission to quiet the fears of those who are looking for inimical legislation on the rate question. The commission takes the stand that existing' rates have little t do with retarding traf fic a statement that should go a long ways toward saslng the tears of the timorous. Final flgurea on October operations surpasr earlier forecasts, while gross for November apparently will make a most favorable contrast with the same month last year. The tendency, however. Is toward higher costs, with another wage Increase for maintenance of way employees of the Pennsylvania giving Indication of the trvarlous Items relating to Industry provide ocoaslon for encouragement. November figures on oWr output are really astonishing, with, the to tal of J20.000 ears and trucks, an ag gregate to which the versatile Mr. Ford's organisation contributed 10,- "s'terllng made a further advance to new high levels and hn reacted. Cotton advanced on what appeared to be the culmination of liquidation and renewed aupport by some ot the sold out bull News from Europe at least con tained nothing to arouse apprehen sion and soma of the discussions of the reparations question were of a mlldly.pptlmlstlo nature.; MONITOR'S Wall STREET GOSSIP. (Br UiMI Win New Toxk, Dec 7. Wall street Is onoe more working up Ita enthusiasm over the prospeots of a oapltal read justment by American loe when dl , rectors meat around the end of De cember, and today's advance of near ly five polnu In this ock was t lu. to a renewal of reports of this kind. Just previous te ather meeting this year It was found fairly eaay to develop a following for American. Ioe on reperta af this nature, but In view of the pwalenoa of tha stook divl v dend and oapltal readjuatment fever, these rumors are reoelvlng mora than the usual eredenoa. ' Industrial Aloohol la Joining tha group of stocks upon which a re sumption of dividends may ba -parted, although traders 1 III elose teuoh wKh tola Umu do . not antici pate any sooh aotlon until well Into nextNyear. Business of the oompany la usually good, and It la expected that Deoember aalea will exceed the November total, whloh waa the larg " est for any month ot tha post-rar period. Dssplta the faot that leading tire companies are not In tha market for raw material the crude rubber m ex it it la holding Arm at IT oenU par pound. While this prloa may be ex plained In part by peoulatJv ac tivity, tha email Interest at present displayed by oonsumer Is attributed to the fact that Inventory time Is . elos at hand, and that the largs companies are pot lnollned to add to stocks until this la past. In local quartan It Is believed that declaration of a 14 annual dividend basla on both the common and pre ferred stocks of Bleotrla Storage Battery does not aomplete tha com pany's program for tha year. It la ! said that there la more than a bare L possibility of a stpek dividend of about thrs per oent in the near fu 1 ture, this report being bolstered to . some extent by the faot that leas than 100,000 share are outstanding of the total of 1,200,000 shares authorised. The market la again meeting with , reporta that Producer and Refiners are negotiating seriously with promt' , nent oil companies in the Wyoming ' field, and; that acquisition of these properties would' make the company , on of tha largest of the Independent i producer. These reports war re ' sponsible for today's run up- In the ' atock, although at the same time the . market was encouraged , by report , that earning at, present wer run ' nlng at the rate of 110 per share per year, j . france Is taking tha lead among foreign buyers of American copper, although demand for other European countries is better. At the same time : domeetio aals are alls showing real Improvement, and the market hi firmed up on a basis of 14 cents per . pound. Eleotrolytlo I offering at v thl prloa for entire first quarter d : livery, but' Lake Is only available . for tha balance of Deoember and tn , first two months of 102L The apeolal meeting of Cresent Pipe Line stookholders called for F6ru- . ary I rather tnteraatlng In view . of the fact that a proposal to re- . ouo oapltal atock from ll.ooo.ooo to i 11,400,000 and alao out par value from $50 to I3S will b ottered. Also ths company 4a planning to pay 129 per' share cash to Ita shareholders. No part, of the funds to bs used Id the proposed distribution represents recent earnings, tha whole oonslstlng of surplus accumulated prior to March 1, May Department store stockhold era have adopted tha resolution call' Ing for an Increase In capital stock from $20,000,000 to $10,000,000 and doubling ot outstanding stocks by reduction In par value from 1100 to $60 per share. . Following this, di rectors of the oompany declared a took dividend ot 10 per eent, a well a a quarterly dividend of IM per oent on the common. Deepite the general Impression that the motor Industry has reached Ita peak and could be expected to oon Unue more or leas dormant until aext spring, turnover of tha leading com panies oontlnuea abnormally heavy, and November output established new' high record with 220,000 car and truck produced. Incidentally, thla makes the ninth consecutlv month In which more than 200,000 cars have been produced. Novem ber business was so heavy that had It not been for the faot that election day and Thanksgiving day cut down pro duction. It Is generally believed that the month would have equalled the October production figure. Sales by the Ford oompany alone were 100,000 cars. . , FlnaTflgure for October showing net operating Income ot all of the clan one roads In the country are better than generally expected. The total ot $85,214,000 I pretty near $2, 000,000 above the estimate recently made by the railroad men In Inti mate touch with the national rail road situation. A year ago Ootober earnings croased the $100,000,000 mark, but this year the roada still had soms strike expenses to charge Off and In addition were making every effort to catch np with deferred maintenance and new equipment re quirement With strike expenditures practically charged off by now It la generally ; assumed that November earnings will be very good as gross traffic Is holding up well. MONITOR, O. B. EVANS' CHICAGO LETTER. (Sr Lmrf win ft nan mm. (Cwrlfbt, ills, tit ruuihipiiU rubllt banr) Chicago. Dee. 7. If General bleo trla justifies ths renort w had in Chicago early this morning that a Stock dividend of 40 per cent Is to . im ana mat tne dividends on the increased caoltal stock win he at the same rate as on the present stook, we shall have one more mark- u illustration of the expansion of business and especially of the ex tent to which electricity Is olasp Ing the world In Ita arma i.l General Electrlo can afford to dis tribute aucn a dividend even after the liberality It baa bean showing to Its stockholders these years. Among other little Items in Its ac count book la $90,000,000 of r..h assets, Including a liberal quota of gurcrumeni oonas. This set over against the cspltal stock Issue of $172,000,000 makea things look rather snug. Quite a good deal of the tv has been bought In this cltv on tha expectation of suoh a dividend. Good authority In thla nltv throw , cloud of discredit over the report but not an abaolutely black cloud. A meeting of the exeoutlvo' com mittee at 10 o'clock tomorrow will no doubt pass upon the question. uenerai uiectne, which In Ita early yeare waa a bit giddy and got Into some trouble, has become as firm and solid as a Dorlo column In those latter aaye and on looka un to Its attitude toward affairs a paklng certainty, suoh oertalnty that doubt does not come In the vicinity . The more doea any aotlon In the Una of extra on the part of thl aympatby, which have been many, oonvlnoe oae ot the strength of our business situ ation and bright future. One looks over to Western Union Telegraph and And that it will prob ably earn IS per eent on Ita stook this year, tha eld- girl that has ceas ed through so many vlsclssltudss and has wrinkles In, her face that can not be ebsoured by talcum, the monopoly" of' former daya that everybody need to attaok and no body thinks of attacking now, the hardly visible entity that spraada herself all over tha earth and car ries In her nerve currents the gossip of tha world. Electricity la baok at It all and whether a oompany I a manufactur er er a L,ser on a grand eoale ot thl remarkable fluid, dollar coma out of It. Spend a aeoond thinking of Amer ican Telephone and Telegraph aa a progeny ot electrlo vitality. All good observer are mora and mora Impressed with the extent to whloh this speedy oourler 1 called Into use. Men who onoe looked ask ance at tha expense of sending a telegram, perhap erven at announce ment of a death In tha family, new It down to a night letter of great length, for tha railroad train 4 not rapid enough to meet the require ments of their nerved condition. The tired Chicago business man sit In hi easy chair and talk with hi wife In New Tork over the long dletance and ah rather like the situation In asmuch as she can not smell hi rank tobacco amok while the conversation la going on. Tha wire do not oarry smell. Multiply these thing aver and over again and you get a oonolnslon as to the ordinary uses of eleotrlclty and the probability or what tn wire are going' to do In a few year. Tha ky la ths limit And not the man of mean alone. An artisan who I getting $10 or $20 a dayv think h will have some, too. He ha moved np to some of these higher level of human oonvenlenoe and In aorae Instances, he ha jumped thre or four stepe, reaching luxnrlee" that th millionaire would hesitate ta Indulge in, because they ar "not worth tha money." It 1 th testimony of official of th Illinois Bell Telephone company that operation and expansion are going with remarkable smoothness. This Is Interesting aa a contrast with the trouble such Companies had during and. Immediately after tha war. Now they have plenty of labor and ar able to meet th requirement of .new customers promptly. With them th distortion of affair by the war still remaining In American business Is less marked probably than with most other Interests. Fubllo utility Com panlet la general, however, ar yet to buy much material and make many extensions before they can have their affair In. perfect condition. But profit ar coming In even to many of the oompanlea whloh In times past have not known In what dlreo. tlon to look for money to pay dlvl' dend'. The change In the claeees of Interest ar as good evidence of th growth ot business in general as th country poea. w X B. XVANtt CHICAGO CATTLB, Chicago, Deo.-7. Cattle: Receipts, 11,000; market fairly active; beef steers and better grade beef cow and heifer 10 to lBo higher; spots more: top matured steer 12.76, weight 1.651 pounds; bulk native beef steer 8.60 to 10.00 1 comparatively few- above 10.(0; yearling comparatively scarce; lower grade beef cows and baiters. oanners and nutter slow, about steady; bull steady to weak) veal calve and atockara and feeder steady to atrong; bulk desirable veal calve to packera $.80 to 1.75: few lota up ward to 10.00; bulk cannera t.M to t.ti; bulk atockara and feeder $.00 to fl r yf z.Zr , fefW o CH.CA6. .'ml I jgT A wstiom T i.oc.T wet-swHrtT i WO COULDN'T Htft I BRINGING UP FATHER WELL -HERE VE. ARE IH 7.00; bulk beef cows and heifers 4.00 to (.50. Hogs: Receipts 40,000: opened 16c higher; closing strong with part of the advance lost; bulk 190 to 276 pound average (.20 to $.30; top 8.36 early; 140 to 170-pound average strong; mostly ISO; bulk packing sow 7.60 to 7.7S; desirable pigs 8.00 to 1.26; holdover liberal. Sheep: Receipts 17,000; oho Ice fat lambs steady to peak; In-between gradea weak to 25c lower; top 16.2S to packer; bulk 14.60 to 18.25; culls mostly 11.00 to 11. HO; fall clipped fed lambs 18.00 to 13.26; feeders steady to aitrong; top 14.60 for 400 western feed ing lambs; good 87-pound fed yearling wethers big 25o lower; at 12.60; sheep very scarce, around steady; heavy fat ewes S.00 to 6.00; lighter weights quotable up to 7.75. Resources and Liabilities of Federal Reserve Banks Washington. Dec. 7. Combined re eources and llballttes-of the It fed eral reserve banks at the oloee of business December t were . reported tonight by the federal reserve board In thousands of dollars sa follows: Kesources: Gold and gold certificates $28l.0$4. Oold settlement fund, F. R. board, 016,574. Total gold held by banks. 814,66$. Gold with federal reeerve agents 2,046,210. Gold redemption fund 85,114. Total gold reserve $,048,789. Legal tender notes, silver, etc, 127,188. To tal reserve $.172,881. Bill discounted: Scoured by U. S. government obli gations 874.408. Other bills discounted $80,83$. Bills bought In open market 266,627. Total bills on hand 871.772. V. 8. bonds and notes 168,413. U. S. certificates ot. maenteaness: One-year certificates (Plttman act) 21,600. Other certificates 120,8$$. Munici pal warrants 16. Total sarnlng as sets, 1,283,600. Bank premises 46,104. Five per cent redemption fund against F. R. bank notes 2.780. Uncollected Items 660.U8. All other resources 15,878. Total resource e.m.zei. Liabilities: S Capital paid in 107.266. Surplus 215,388. Deposits: Government 46. 876. Member bank, reserve account 1,843,601. Other deposits 1I.OZ7. Total deposits i,iu,iu. F. R. notes In actual circulation !,- 361.222. F. R. banks in circulation, net li ability 18.268. Deferred availability items $40,211. All other Habllltle $T,771. Total liabilities $,181.15$. . Ratio of total reserves to deposit and F. R. note liabilities combined, 74.8 per cent tneaner aad Beanr Stock Lettet (Bmdil u Dally Nm) New Tork. Deo. J. Our market paid no attention to poor English cablea neing inriuencea oy a oei tar faellna of all circumstances at fectlng cotton. The news from the peace conference was regarded as optimistic. The New York Times re marklna that "Amerloa haa found Her voice.' ' Stocks were stronger and many messages from the belt re norted a muoh ImDroved spot de mand. th lack of which haa been the bears' chief argument. There were also renorts that a good deal of 1 A Inch cotton had been sold and tne Buyers were un able to And suoh gradea and Were quite as unsuccessful In settling with tha mills. ' Our estimate of the crop was about In Una with the National pinners. Tha trade seems to think that a matter ot 200,000 or 100.000 bales will not make muoh dlfferenoe, al though trading Is nervous and of an evening ud character before tomor row's ginning figures and th final government estlmatea. Since south ern spots have not shown any ma terial weakness and with an Im proved demand, buying on tha breaks seema aaviname. The Wall Street Journal say to day editorially that next year's orop Is certain to be small and tha price high, and that pxotUuasa.. cut.-,'nr those who . can successfully . raise cotton. Tha class of buying today was better than tne selling. FENNFR AND BEANE. Feaaer nag Beam Cotton lAtter. (sweul u Mir Nan.) - New Orleans, Dec. 7. -Cotton lost' a few points during the first half hour on an estimate of over 10,000, 000 bales put out by th Commerolsl Appeal, but soon recovered tha losal and had a fair sued rally. The class of buying that flevelon ed on the first dip Indicates prices have reached a point where trade Interests are again willing to buy, The encouraging spot news, pros- Seots oi .adjusting tne xurxinsn trou. le In the near future and tha estl' mat from our correspondents were the stimulating influences. The census report on glnnlngs to. morrow will play an Important part in anaping tne maraet. Forecasts range from 8.2(4.000 to t,$2(.0OO. If they ar not abov these Sredlotlon th ginning ought to elp the market aa It will probably take above 8.800.000 to even Indi cate a crop of over'l, "00.000 In Ave hundred pound bales. FENNBR AND BEANE. ir r I've crr a, deck OF CrPeD . i wibH WE H,0 A TACLE XLU TO PLA.V CWNK THREE TWO OFIT" WEVE PEHT -) ITS JML- (-J J n NEW YORK CURB MARKET New York. Dec. 7. Transactions on the New York, Curb Market today were aa followa: ladaatrlala. Sales. Close. . .67 . .83 . 28 . 15K .140 . 10 . 104 . $H : ft r i . $Vs . 10 .168 . itu 2800 8000 2000 100 20 200 600 1000 600 141 800 200 1000 2000 4100 200 50 800 4 00 400 226 200 1700 200 600 600 v600 26 100 6900 4800 400 1600 1600 10 26 100 1600 600 1100 1400 300 200 3000 300 600 100 100 100 140 1100 ,000 100 4000 cooo 200 100 1100 1700 100 660 76 105 625 15 85 1600 48 25 205 200 45 (0 4600 16600 800 10 17600 2800 60 1800 1200 . 100 4S 000 too 1100 885 700 200 140 800 600 100 8000 18800 800 1300 11700 $00 4000 Acme Coal Acme Packing Aluminum Co. of Amer. , Amalgamated Leather , Amer.'-Llght A Tr. Arnold Constabls Brit. Amer. Tob. ooup , Brooklyn City R. R, .... Buddy Buda Celluloid Co. , Cent. Teresa Sugar Co. , Chicago Nipple Chi. Nipple "B" , Continental Motors ... Cuban Dom. Sugar Davles, Wm. A Del; L. & W. Coal Dubller Cond. Ik Radio Durant Motors Durant Motora Ind. Gillette Safety Rasor Glen Alden Coal Goodyear Tire Goodyear Tire pr Hayes Wheel Heyden Chemloa! Intercontinental Rub. . Lehigh Coal Sales Lucey Mf g Mays Dept. Stores , ... fiercer Motors' Mercer Mot. v. t. ctf. . . , Meeabl Iron New Friction Pub. .... New Jersey Zlno New York Tel. pr. .... Peerlees Motor Philip Morris Prima Radio Radio Corp. com. ...... Radio Corp. pr. ........ Ro Motor Truok Repettl Candy South. Coal & Iron . . Standard Motors ..255 .. 61 .. 10 .. 32 .. $H .. i ..' 4 .. $0 67$ . . 8 .. 3 .. 12 .. 11 ..110 ..111 .. 65 .. 30 ,.. 1ft .. 8 Mi .. .17 .. 1 .. 18 ..106 Swift International . . Swift A Co, Technical Froducta Tob. Products Fx. .... Todd Shipyards U. S. Light dc Heat ... U. S. Light & Heat, pr, Unit. Profit Shar., new United Retail Candy , . West End, Chemical . . . Wlllya Corp., 1st pr. .. Willys Corp. 1 pr. ctf. Wlnther Motor A Standard Oils. Anglo American Oil ... Buckeye Pipe Line . . . . Crescent Pipe Lin . .. Eureka Pipe Line Galena Signal Oil Imperial Oil, Canada ., Illinois pipe Lin Indiana pip Lin Nat Trans Northern P. L. Ohio Oil ' Pralri Oil A Gaa ... .. 6, .. .. 56 :: . .. 5 .. 6 .. .61 .. 10 .. 10 .. 11 . 13 . 39 . 46 100 . 69 .116 .167 ...... 6 16 101 295 636 116 108 .. 166 tr. 1..;, 68 .....'.117 Prairie Pipe Line South. Pipe Line South. Penn. Oil . Stand. Dll of Cal. Stand. Oil of Ind. stnd. nil of Ken. .128 .196 . 40 . 47 .146 . 40 Stand. Oil of Nebraka Stand Oil of K. J. W. 1. Stand. Oil of N. I. w. I. Vacuum Oil ....... Vacuum Oil w. I. . Independent Oil. Allied, Oil Arkansss Nat. Gaa . Boone Oil Boeton Wyoming ... Carib Syndicate ... .08 :::::: 95 4 194 Cltlea service . . Cltle Service "B" etfs... 19 Cltle oervlee pr. Cities Service "B" pr. Colombian Byndloat Creole Syndicate Darby Pet. Engineer Petroleum Federal Oil Vnalnnrf Oil 69 $ .70 12 Gllllland Oil Olenrock Oil nlf oil w. I. 83 Hudson Oil . . . .11 International Petroleum. 11 13800 )-$0AJy,aljQM B.Ht - 10110 - LAnca A-ree r . $no Latin Am. Oil ; 1000 Livingston Pet 1400 Lyons Petroleum 75 Magnolia Petroleum ...21 1300 Mammoth Oil I 100 Marine Oil .............. 100 Maraoalbo Oil 1 1100 Marland Oil of Max 100 Merrltt Oil 18100 Mexico Oil 100 Midwest Oil f. 1000 Midwest Texas Oil 200 Mountain A Gulf Oil .... 400 Mountain Producers . ... 4700 Mutual Oil 1 4O0 . New England, Fuel ...... I $000 Noble Oil 8000 Noble Oil pr .., 1000 Northwest Oil 7500 Omar Oil 100 Pennok Oil 100 Ryan Consolidated , 600 Salt Creek 1 1 100 Salt Creek Cons 800 Sapulpa Ref $00 Seaboard Oil A Ga J 600 Sheila Union Oil 1 11400 Slmms Petroleum ...... 1 1000 South. Pet. A Ref. , 8600 South. States Oil : 58000 Texon Oil ft Lnd ' 100 Tidal Osage : . 100 Turman Oil TH1 OML HA"b NO CONVCNIENCES- Qtl- I Sales 11000 Close . 0 . .20 . .08 Wilcox Oil 1000 1000 100 100 2000 1000 8000 4000 Woodburn Oil "Y" Oil A Gss Mining. 'Alaska-Brit. Col. Metals. . Alvarado Mining Belcher dlv , Belcher Ext. Big Ledge Bison Gold Candelarla Mining Canarlo Cons. Copper Mln Cons. Nevada-Utah Continental Mines Cork Province 1 5 .01 .06 .04 .26 .84 2 3 .07 1 2 A 74 2 10 .02 22000 100 1300 1000 2600 5000 3000 m 1800 100 400 $000 8000 Cortes 8 s BiTve Cresson Gold Dean Cons Dolores Eeperani Dryden Oold El Salvador , Emma Silver Mines Eureka Croesus Fortuna Goldfteld Deep Goldfleld Florence Ooldfield Oro Gold Zone Dlv. Mining.. Harmlll Divide Mining .. Hecla Mining Henrietta Silver Hilltop Mln Holllnger Gold Mines .. Ind. Lesd Mines Kerr Lake La Rose Mining Lone Star McKlnley-Darragh-Sav'ge McNamara Orescent .... Marsh Mines Cons Mason Valley National Tin Nevada Ophlr Nevada Silver Horn New Dominion Nlplsslng Ohio Copper Ray Hercules Mines .... Red Hills Richmond Cop Ruby Rand Sandstorm Kendall Simon Silver South weet Metals Spearhead Success Mining Tonopah Belmont Tonopah Divide TonopaW Extemlon Tuolumne Copper IT. S. Continental Mines . . Unity Gold United Esstern United Verde Ex United Zinc West End Cons West End, Ext Yukon Oold Bead a. .01 27000 26000 86000 20 .18 .10 1000 3000 1000 2000 600 1800 1800 3400 8000 200 2000 1000 2000 2000 1000 800 .11 .01 . .08 .06 8 .60 12 .29 $ .26 .06 .20 .08 . "9 1 .24 .13 .01 3 1 .08 .55 18000 1000 1000 1000 lino 1200 1100 ioooo 4000 1000 1000 ,1000 100 1000 1000 800 6200 7900 2800 1000 800 7900 100 600 MOO 1000 $00 .2$ .01 .32 .04 .45 1 .73 3 .60 .22 8 2$$ .as 1 .06 .65 Sale (in $1,000) . 88 .106 . 87 . 87 .101 . 1 Allied racajr Aluminum is., i"" Amer. Cotton Oil 6s Am. Has A Disc. 6s 18 1$ 10 10 18 IS 10 11 11 16 14 (1 64 21 11 11 S Am. Lt. A Trac 6s w, Am. KSP. UOUP. a p. 6s ...... " Am. Smelt. A Ref. s w. I. H Am. Tel. A Tel $s 1924..101 Anaconda Copper :;. Anaconda Cop 7s, 1" ' Anglo Am. Oil 7 Armour A Co. 7s 104 Atl. Gulf A W. I. 6s .... $1 Beth. Steel 7s, 1011 ."J Beth. Steel 7s, 1935 . ...102 H Canadian Nat. Ry. eq. 7s. .110 Canadian Nst. Ry. is ..,8J Cent Steel 8s 1". Charcoal Iron 8 JJ Columbia Graph. 6s .... 31 Columbia Oraph. 6s etfa. 80 Cona On. Bait. 6. .... Con. Ga Bait 6 1J4 Con. Gaa Bait. 7 107 4 Cons. Textile 8s 99 Cop. Ex. Ass'n 8s, 1924.. 101 Cuban Tel. 7s 106 Deere A Co. 7 Detroit City Gas Is ....100 Galena Signal Oil 7s ...1J General Asphalt 8a 102 Orand Trunk $ 105 Gulf Oil 7 108 Gulf Oil 6 JT Hood Rubber 7s 98 Interboro R. T. 8s, 1922 .. 91 Interboro R. T. 8s, ctf. ..97 Kans Oas A Elee. 6s .... 7 Kanaaa City P. ft L. 6s .. 90 JCennecott Copper 7a ...103 lllby." MsKeltl A LtbUy fs-4- Louisville Oas A El. 5s.. 91 Msnltoba 7s 96 Missouri Pao. 6s D 99 Morris A Co. 7s 106 N. T., N. R A Hart 7s . . 77 Ohio Power 6s 90 Pen. Pow. A Lt Is .... 87 Phil. ElvBtts 101 Pub, B, -Cor. of N. J. 7s. .108 Robert Galr 7s . . 07 Shefleld Farms 6s ...100 81oss Sheffield 6s ..; 97 Solvay A Cle 8s 106 South. Bell Tel. 7s 102 Stand. Oil N. V. 7s, 1926.. 103 Stand. Oil N. Y. 7a 1924.. 104 Stand. Oil N. Y. 7s, 1917.. 107 Stand. Oil N. Y. 7s, 1929. .107 Stand. Oil N. Y. 7s. 1981.. 108 Stand. Oil N. Y. 6s ...106 Swift A Co. 7s, 1981 ... ..12 Dry Goods. New, York, Dec. 7. Cotton goods were quoted today aa generally firm In all Una except gray clothe for converting. Yarn were barely teady. - Wool good markets held I steady with trade seasonably actiiVf in mill cnaaneis. underwear lines were selling more freely for future delivery. Burlap held barely steady. e f I WONDER HOW I'M U . TMK f 1 60NNA MAKE THIb U.OOO TO 9, r . I fewtrli FlftE-CRiACKE MAKEt? I HIM- g OON 1 S4iAM4xii UJNOWWNDME? J , AHPLAV OOH'T THROW OOW. 75E$fc I f WM OllST CAR.O DOWri 0 HrVftO " Ceyiiln. I0. by Fl.n 5"rlca, loe." jg.Q jH Raw Sugar Market Is Quiet and No Sales Are Reported New York, Dec. T. The local raw nuger market was quiet and no sales were reported In the local market with spot Cubes quoted at four cost and freight equal to 6.78 for centri fugal. Raw sugar futures were firmer on buying by houses with Cuban connec tions and trade interests, prompted, by the steadier feeling in the spot mar ket. Final prices were unchanged, on December and 8 to 5 points higher on other positions. Closing: December 3.99; March 8.48; May 3.54; July 8.66. No fresh features were reported on the refined sugar with business light and prices unchanged at 7.10 to 7. 26 for fine granulated. There were a few more transactions In refined fu tures and prices were unchanged from the previous olose. The busi ness included four lots of May snd alx of June at 7.10. hTaval Mores. Savannah, Deo. 7. Turpentine firm. l.Zi; sales 302: receipts 142; ship ments 17: stock 13.30$. Rosin firm; receipts 958; shipments 180; atock 108.995. Quote: B. D. E, 6 16; F, O. 1.17: H. L, 6.20; K, 6.26; M, 6.40; N. 6.65; WO, 6.90; WW, 6.65. New York Money. New York, Deo. 7. Call money easier; high 6; low 6; ruling rate 5; Hosing bid 6; offered at 5: 1 art loan 6: call loans against acceptances 4. Time loans steady; mixed col lateral. 60-00 daye 444 05. Four-sli months 4tf6. Prime commercial paper 4. Metal Market. New York, Dec- 7. Copper firm. Electrolytic, spot and futures 14. Tin Arm; spot and nearby 37.25; future 37.50. Iron steady; prices unchanged. Lead quiet; spot 7.107.26. Zinc Arm: EsM St. Louis spot and nearbv delivery 7.30 Sf 7.35. Antimony, spot 6.606.76. Wrenpr Women Detained Chicago, Dec. 7. Miss Elsie Coe and Mlaa Clara Hutchlns. of Balti more, were taken from the Incoming Los Angeles limited .nf the Chicago Northwestern today by police seek ing Mrs. Clara Phillips, convicted ,murderess who escaped from the Loe Angeles county Jail. The women satisfied the police of their Identity. i Trust Knowledge Is Valuable Do you know the best way to provide an independent income for a married daughter or to as sure yourself of an income which will be independent of your busi ness fortunes? Have you ever considered the advantage! a Trust Company has over an individual when serving in the capacity of Executor or Trustee f m 1 Ashcvillc High Point FOR EVERY FINANCIAL NEED: Commercial Banking-Trutts-Savings-Safe-Deposit-lnvestmentt-Iruurance HARDWICK ATTACKS GEORGIA DRY LAWS Som Feature Ar Unreasonably Drastic Doclaros Governor Of the State. Atlanta, Ga., Dea. 7, Borne features of the Georgia prohibition law are unnecessarily and unreasonably drastic and can never be enforced, notably that feature of the law which makes lt a crime to hsve In one's possession any quantity of whisky. Governor Thomas W. Hard wick declared In an address at a luncheon given here yesterday to Roy A. Ilaynes, federal prohibition com mlsfsoner of the United States. Mr. Ilaynes Is here on an official tour of the country. Fred B. DIs mukes, acting federal prohibition en forcement director for Georgia, was host of the occasion, and enforcement officers of Georgia, Florida and Ten nessee were In attendance at the luncheon. "It In eKcecdltiKly difficult," the governor declared, "to enforce any law that limits the personal liberty of the American cltlxen. I have nl ways held, however, that the only principle for any officer of the law to follow Is that of enforcing the law to the letter as long as It re mains on the statute books, whether he believes In the law or not. If the people generally do not belelve In It they will finally repeal It through their representatives. "I do not believe the open saloon will ever return," he continued, "but whether the Volstead act will remain of force In Ita present provisions Is entirely a different- question." Ha pointed out that Georgia's pro hibition laws are much stricter than the federal prohibition laws, snd added that "1 fully realize the storm of protest I will bring upon myself with my next utatement but I must say that, personally, I believe we have gone too far." C f. and O. Wants to Hell Honda Washington, Icc. 7. The t'arollna, Cltnchfleld and Ohio railroad sought, perniiasion from the Interstate Com merce commission today to Issue and sell $9,600,000 In six per cent first mortgage honds. The railroad pro Have you found out the hct way to make sure thai your life insurance money will be wisely invested and carefully conserved? Would you like to know how The Wachovia ii serving in matters of Trust for hundreds of men, women, and children throughout Nosth Carolina? If so, we are here to aniwer your questions and to consider your if mCHOVIA BANK AND TRUST COMPANY NORTH CAROLINA Winston-Salem ' BY GEORGE M'MANUS poses to repay loans of $1,000,000 made to It by the United States, and In addition, to reimburse Its treasury for $1,600,(00 spent on additions and betterments to Its Une In Virginia and North Carolina. As many arc taught schools. ts 12 foreign languages tn some of Tokyo's Fenner & Beans. Brokers Member of h New Tork Stock Exchange New Tork Cotton Exchange and New Orleans Cotton Exchange Chicago Board of Trade Aasoelate member of Liverpool Cotton Association Hit Orlera IIS Qrinw llml Nm Tort ST Wllllan stmt "Private wires throughout th Cotton Belt" Wt tn umapoodenu of Mean. Bienctli 4 ca Odd Lots Cotton We specialise In handling th execution of orders for cotton futures In 10-bal units and up wards. In which our facllltle are unexcelled. We also exeouta ' odd lot grain order.. Scott Norris & Company (Capital fully paid ilSO.0OO.OO Cotton n'reker and Merchant lie Broad Street New Tork City i Smith and Co. Correspondents Imperial Theater Building Greensboro. N. C. Teleahaae Na, Ma m Raleigh Salisbury
Greensboro Daily News (Greensboro, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Dec. 8, 1922, edition 1
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