'1
CHARLOTTE. OBSERVER, SATURDAY, DECEMBER 25, 1920
'J
MARKETS AND FINANCIAL WORLD
- LITTLE NET CHANGE IN
Late Fluctuations Irregular.
Close Quiet Net 10 Points
Higher to 22 Lower.
Hew Turk. rw. 14 About til only
trading feature M the eottoa market hr
today .11 he Mai v.ntm-up of l.c.m
kr com ranta wh'ch mUurad at neon
Only thr Dtctmbff natlce vara r-
rtad and a fw rema'nlne; shorl found
lacuaary lo bid th price up to 1411 or
41 point abov tb cloalna; quotattona of
yeeterday bfora thay eoald eur cover
Th atrtnath of tn nr poaltton pul'ad
a lh balane of th. Hit but aftar trad-(-at-
In December wee ovar pr'oa aaaad off
aeeral point andar acatt.rad reeltilns
and later fluctoattena were Irregular, witb
lb market eloelnc qutl--Aet 19 point
felrher to II potnt lower.
Near month were II to IS point, lower
at lb op .1n( but latr dt1vri ehowed
ad ranee of I to I point and th fen
rJ Ht aoon firmed up on the eoverlna;
vy nembr short Report that the
British government had reached an un
etoratandlna with rfernc to a trt-dt
fteTreamant with Ruaala. mar hav cor.
IrlbateT to the ear' advaee which ear
rid January and latr poaltlnn. about IT
to It point abov laat night' Hosing
cur. Thi made a recovery of ap
ffro1mately a cent a pound from the low
record of th week which eemd uff' -aunt
to attract aorn realising and th
enarket waa almost at a tandtlll durln"
th afternoon when th attention of
broker wae enaaejed by the usual i
hans of holiday wishes January "ld
h'h as Mtt and c'od 1471 The
Liverpool market closed today snd
will remain rinsed until Tee-"Bv morn
ln. while th. American mark! reopen
for business on Monday
Hlah t-ow Close
Janosry It ' '
March 14 14 47 14 M
. ... tut.
aiay i
1 K Art 1171 titti
October '. . 1" 14 !
-
MOMKT lalat-p.
New Tor Dec. 14 Prim mercantile
panel 1 t
r-chan hw. (ttertma -day bill
IV: cummecclal tn-iUv bills an bank
I ; commercial da bllla I4f
aWmand 1114k: cable lf
Pranca demand I tl cWe
Tie via n Trance demand 1. cable tl.
On'Mera demand II ? cable. 11.11
IJre. demand I 7. chle I It
Marks, i cable I St.
flceece flemand T It
Mon-real u4 per cent dlacount-
Oov.rnment bonda atrons: railroad
kond. Irreculsr
fme ' 4 day, to dya and
aii montha IH'
CH 4JP1 4 I Vv
Ch'rmmn, 'C 4 W'he.t. So. t red
t No i hard I 77H1 'H
Tom No I mlsed 71: N t yellow
T1H 7I
Oats. No t white 4IV.94IHS N. I
wh'te 447i4
rl.-e No t 1 HV
Barley 7"lt
T Tfh-.eet not offoted.
rlovereeed not quoted
For nominal trd 11 Rlbe 11.
Oil 24
antrrr - ' ro-.TON
BTa.TF.'ireNT
Comnr'ons re lo acfal da' not to
rloae of corr oondlnat .
Tn thoueand.
bale
tn ,b- for week I "2
In e'-M eme seven da- laat year.. 4
-4-t.i tnm rbe month 1.7t"
In el'ht seme date la t year ...
.In s'-M for aeaeon
n i-b -a me 'ae raac....
Port receloi for aeason
n . ni. earne date la vear
1.774
I
7.t
I i4
1.177
OaoVend to ml'l and Canada for
iti
eeasna
Overl.-d earn, data last vear
H..'h.i-n m"l atns for -.
.itherw 'aame da ' vear
74
l.llt
i.m
St
414
. Interior Block l Teaa or nepiem-
ber I
Interior la." Tar
Avawtei. far week
n asm. aevea aav y-r.
n for aeaaaa
t.t'
S.44-
Sl
"
ii:
1.11
teore'i
data laat ver
Northern n'nnera' taklna and
ranada for wl
--h.i- nar eeren day lat v. r
Northern for aeae-m
w t .e 1t. t.el veer. . .
H ...n aiieiteve Tet.e e Aeeevi
' si l l Ik. Werid.
The
ai-ne
week ;
evn da-o it vaar
Total
etnca Bpt ember 1
d i. . mr 4 144
Ha
- . WM'i'. Vlalhle Auaaily
T,.. e4e'b-a ih'B week 1 '
To'al vkbl laat week ."-
n-. . .V--'e eeme ""i-e lat vear.. 14-4
O thl the total American this week
Ameccan lea- we .
. . ... . -1 eM.n teat Vtir 4 " 1
All other hind.- tbt week I
All other btnda 'sat week !.
An ether atnue thta lat yr IT
lalbl la th ITalted a..te this week I J'J
VUfhie thl laat year. .T
Vle-ble In oth ceontrle. thl wee .!.
Vl.lbl this da- -
raw WORK BOND.
U. I ", ranls-ered V,'"".a
IT S I. rttM ttnciuoted
TT a 4a resist ed Unquoted
TJ. tl Is. eoup'li. ftd
Panama ta ral1er
pma Is. conoon
American Bmeltlna and Rflnla
American Tel and Tel. cv. as. .
ti'.on een. 4
Atlantic Coast Una lrt 4s
Be'i'more a"d Ob'o rv 4HB
Be'hl.hem Rioal ref
Central of Oeorata Consolidated I
Central leather s
... i. nbto cv Ba....
. . 1M
. . It
. . to
I Tt
4
. . 7SA
74U. H
.. t3V
. . 77
is. 11 n
71 '4
i.. II M
"4
i
. us
i. . S!
. .
S4
... 1
... 7
. . 70-i
74 B
... 7''
. .. h
... Bt
... t74
,.. lilt
... 74W
... t4
.. 7t
10)
.. . e
... IK
... nut
... 15
... It
... t
;.. 7
... 7IH
I,
tsit
..
... t
... U
... 71
nic--o. p and oulncy Joint 4
Chlcaao. Mil. ana m r. i--Chicaao,
R I. and Pae. Ry. raf. 4
Cite of Par1
. ' ' -amitbern ref 4X. .
t.niurauu -
Denver and R'o 0-nd confl. 4
rv-m'ninn of Canada t.s tiasii-.
Erie ren I
rillnois Central ref IB
Int Mer. Marine
Ksnss. City (tout hern ref. I .-
Uaeett and M-ers Ss
tyn-llsville and Nashville un. I . .
Mle-ourl. an. and Teva 1st la. .
Missouri Pan. run 4
Wew Tork Central db. t
Norfolk and Western cv.
Borthern Pacific 4a
pennsvlvanla en. 6s
Readina aren. I
Republic Iron and Bel S (14
St tut and Ban Fran. adj. ..
Seaboard Air Wna-bdl.
Routhern Bell Tel t
-Southern Paoiflo c. t
Southern Jtway Ba
Southern Ral'wav -ran. la
Teva and PaKclflo lt
Union Paddd 4a
United Klnadom of O. B. and
ma tlfW),,.,
V. B. Steel I
Vlraln'a Car Chemical Is
"Wabash lat
Wilson and Co. cv
rtKT fioons.
New Tork. Peo. tl. Trv -roods buyln
was quiet before th holiday but manv
buvers aav notte of an Intention to
com early to markets next year. Tarn,
wera quiet and Irreanlar. Mor Inquiry
developed In athletic undrwar far
prlnf. SHfcsi wara dull. Wool food
qulat.
T.IBKRTT BONT..
New Tork, Pao. II Liberty bond
"'Vh-. t l: first ' !: aaoond l'
14 J"; rflst 4Vt BR BO: second !' tl 1
third 44 'a tT.IO; fourth tB.lt; vic
tory K'a MM: vio-ry 4t' tl.t-l.
Minis imn fftwVTW.
: Nw Tark. POO Il.r tvaw ana nnnra
ev.. ... nt.rkst lod tsy. ppot erte
CHARLOTTE COTTON,
top-artee 9W . . Wlih-,
FHe 14 H
kWeeipt M hm
Market dMd CkrMnM Day and
pret-alLr MscxUr.
NEW ORLEANS COTTON
HIGHER IN SMALL WAY
Covering Operationt of Trad
ers on 8hort Side Retpontl
bit for Strength.
New Orleana, Daa. 14 Prloe war
hither In a amall way In th cottoa mar
ket today for wblcb lb covertne; pera
i '--s n( trader on h abort rid who
wanted lo tak proflU ovar tba holiday
Hi--.' reaponslbl.
Their demand was rathr mora than
tba rlna could lly fill, with operation'
i mitad a thy wr and th con
quanca waa that aavanca paraiaud
prtic ically throuabout th eelon
In th aiiy tradinc tba nm waa
fairly active for a while and during thl.
activity price were etronae t but fol
lowing the first declln tber waa a af
to practically th cloolnc level of yes
terday under what looked Ilk liquidation
from lonca who war disappointed over
th continued oppoattlon of covemment
official to th m. astir to revive the war
finance eorporatlon.
In th second half of the .assign the
marks! earn back for amall cams bu;
very nitl xtlvlty developed '
M sb Inw rios-
Jnur lit 111 un
March 14 13 II 14 II H
May 14,42 14.14 14 If
July 14 II II Id 14.10
Octob.r II II 14 It 14 12
Nan VOKK PTOCK I.IHT.
Hlah' U.w irio.
rn beet aluaar
Americaa Can
Am. Car and Fflry
(m H "d U Pfd.
It
I4H
111
is '
t
ut
it
tm
117
12
Am. Inlaraatloaal Corp ' 3ii l!H
4m lcomatlv
Am Llnaeed
Am Hmeltlna and Ref..
American Buaar
Am. Hnmatra Tobacco.
m Te' and TeL
American Woolea
A-.'-o-ida C&pper
Atlantla Coast Una ...
1 Uulf and W I
Raldwtn l-ocomollv ...
n't'more and Oh1...
Rethlehem Steel "B"..
c-il'in P-ie'tlc
Central leather
Chandler Motors
' -s.neake and Ohio...
r-bi n and P . .
Cbl.. R. I. and Paa
CV.no Copper
r-oca-Cola
ftlnrailo f" and I
r- P-.'-irl.
Crucible S:eel
--a rne Buaar
Krl
-nerl t.tric
Teoeral Motor
Oceat Northern, pfd....
onf at' a-. el
Illinois Central
to.o'reMon C-vnner
Int Mer Marine, ofd .
titemstlnna' N'cfc.l
-r-.ilnnt Paper ...
Kennecott Copper
t, and N
Mexican Petroleum ...
t'lm1 Copner
M'smt Cotmer
vnile B-ates Oil
M'Uvsle Bte.1
Mlsenurl Pacific
Vow York Ce-trsl ....
V T . N H and H
V--'k a"d Western...
10 I 71
It II
iiu; lira
It II H1 It
7IV f H
tiv.1 ti.: tt
' iml it
it I tm:
1 I 11 II 4
IIHI IIS1 lH
14 'ioia:ioi
ttV it i ii 14
itsi tmi i?h
Itlil lllii I1H
ii4iit!'iim
I4UI 91 1 lit
44141 II I II
14 I 11 I H
1 ,.
15 1 I list 14H
ITS' 17' !
ItH! It I lit
17 I ft I 17
7lt II tl
f. I 7i I 7'
114' 1741 174
11-el 1 7 H 1 f"
.'ft 'HI". '!
IISI 1141 11V
744' 7IV.I 71
t 1 I
UK' H4l IK
TI4(I ? I
I 4V 4t I 41
I Its! li I 1
I 44 I 44 I 44
I 1"4' ItH' "u
I 7 I s I SI
141 I1B7H 1S74
ItHI IIVI 1'4
im 1441 11
iml It 4 1 111
en1 et
1741 H4 ll4
1711 14 I 1
r.44 u
7411 7H Tt4
. I "4 1 I I I
7141 7"4I 7IH
JHi l4' 14
tH1 7t 1 'I
It I It ' It U
V-n-"i Pacific
'vie P-nrl end Pf . . .
tan Am Petroleum..
reTlvan,a
w't sbareh and W Va
Wire O'l
Rav r,meo'ldted Oopperl M4l 10-41 lit.
-4ll'
t4l 7tH' 7"4
41 II I
t II I .su
SI 14(1 f4
1 I lt-4,1
IHI l4
tHI 14' t
40 I l-4 IIU
t!V4' tt I tt
44 ' 41 I 44
141 IISI 44
Rep Iron and Bteel.....
Revel r-mtch. N T
wt Tnl.- and Ban fran
aeeboard All- Une
. .osrd A. U. Pfd
snll T'ane and Trad .
Sr!'- All and Ref...,
t'.e-Oh.f B and I
a-.n-brn Pacific
aon-h-rn tta'tway
tl I IKS' tl
-..,. hem RaH-av. PM ' t7Ul ll ll
atstirA o of N J , pfd
Itar1"iv4 114
ut-irt.heleer Corporation .
Tenneeee Copper
T.s4 CO
"ee, and Paiflc
T-terrn Prodnct
41 Hi !S 41U
714I t-41 t
41HI 41 Hi 41
17141 14 I II
4 4 I 41
7 I IHI IK
T-nsrvint'nntal Oil
"men Pectflc
Unfed rralt
IT. B Pood Pmilitr-.
.I1I4I1144I1144
I1i4'1tt !1tl
' II I MHl H4
nn.T nrmi tibix.
Pert M-i-Mlt
New Ortean MMdllna I4: rece'nt.
s tl; exports l.74t: sale 1; frtock 4BI,
41. Oalve.tnn: Mlddlln 11 M; receipt 1,-
e, porta IB.tBI: ' l.ttt; stock
141 01.
Mobile: Mlddlln 1171; roelt 711:
tork It. 111.
Savannah: Middling ll.tt: receipt
1,171; tock lBt.att.
charles-on: Receipts IM: stock HI 711
(Vllmln(tn: Receipts lit; stack 44,
011. Tots, Cltv: Receipt Itt: tock l.llt
Norfolk: Middlln 11.10; receipts M
IJ7: -ock 71. too .
Ttaltlmore: flecelpts 70; stock t.OBl
bo ton: Mlddllna II 10; stock 11.1(4
Philadelphia: Mlddllh-r 11.10; tock t.-
(94
New Tork: Mlddlln IB. IBs atock II,
1IK Minor port: Stock l.lto.
Total toilav: Receipt 11,417; exports
24.700: atock 1,410.711.
Ton' for week: Receipt 174,ttl; !
porta H" l2
Total for on: Receipts 1,104,211:
exports 3,114 tit
Interior Mo-revnews.
Houston: Mldilllna 1160; receipt I,
176: hlpmenti 4, Bit; ala 1,171: tock
311.715
Memphis: Mlddlln; 1160; receipt
l.Ut: shipments 2.113: sales 126: stock
177.121.
Auxueta: Mlddlln M 60; recelpta t
077: shlprnents 1.000; sale 200; stock
18M7S.
St. 'Loul: Mlddllnr 1160; recelpU 4.
12S: hlpments 4.013: stock 17,I6.
Atlanta: Mlddllnc 11.76
Utile Rock: Mlddllna: 14 BO: receipt
741: shipment ttl; aelea 166: stock 41,
143 nallai: Mlddllna 13.60: aale l.llt.
Monlromery: M'ddllna 11.00.
Total today: Receipt U.I47; hip
menu ll.ttl: rtock 67 171.
V. ft lnd Alcohol tH JH 1
V S Retail Store 60 41 44
V. 8 Rubber B-4 B4 6,
U. B. Bteel 7ttt 7H 714
U. S. Steel, pfd r1064HlT4 1064
Utah Copper It I 174 17
Vanadlnm Corp II 4 2H 10
V'rxlnla Caro. Chem. . . . It l 4 II
WeaUrn Union Ill t014 MH
WtlnxhoUM Electrlo .. 41 40 10
Willys-Overland t 6Sk IK
Invincible O'l ItH 11 H 11
Total -..ales 17,6t0
CHICAOO MVlWTCKTK.
nlcao, Dec. 24. tat'.le: Beef steer
tronc arly. cloelnx steady to weak; bulk
of sale) 10.60911.00, top 11.60; all othr
classes steady with yesterday: compartd
with wak axo: Bt tra unvniy 76
cents to tl hlxher, mostly II to 11.10
hlxtier; fat ah stock 60 to 71 ceii'a
hlxher; ennner 60 cent hlxher; built
steady to 26 cents lower; calves 60 cents
to 1 hlxher; stockari and feeders ao cents
hlxher,
Hoxs: Lights 10 cant to 40 cents
higher; other mostly 16 cent to 16 oerR
higher than yesterday's average, but dot
ing weak; top 10.16; bulk of sala t.6
iu.tO; pig IB cant to It onta hlgheri
mill dMlrabl M It lit pound ptg I.III)
11.16.
PRICES REACT
BEFORE MIDDAY
Business on 'Change of the
Usual- Perfunctory Pre
Holiday Character.
Nw Tork, 6c. 14 Business on the
stock Chan today was or tn uauai
perfunctory pre-hollday character, tradlni
dwlndllnc teadiJy aftar the first hour
and becom'na Imost mo:lonla in th
later deallna.
Prlcee wara firm an tron In spots
at th oataat but ractd sharply before
mlddav. when Reploal Hil re'leved the
monotony with perpendicular decline of
It pojnta, almost dapllcatinc its per
formance of la: Tuesday. Later, bow
ever, the slock recovered 1 point
Vanadium Bteel and a1 Hated Issue
fall 1 to I points.
Th day' nw had lltll or no re'a
tlon to market value, eomprialnc tor
the most part the cuajomary week-end
urXmary of condition In th commer
o al and industrial field Althouch call
money waa mor than ordinarily plenti
ful, the rate held al evn per cent, that
quotation applying- al -o to renewal Into
nest week Broker rportd vlrtuaUy
no demand for bill of ehn-. bu: rV
mittsn.e of London. Pr1 and lbr
ini--rirr.t center eased variably.
The bond market wa dull, but pr'ces
tsnded mainly hlfher. Liberty lsue
showed marked Improvement, tba flrat
fiurs, howvr. reectlnf a'most 1 per cent
Total .ale (par value) ll,67S.0O. Old
It 8 bond war unrhanaed on call for
the week.
WEEKLY STATEMENT OF
FEDERAL RESERVE BANKS
Washlncton. Deo 14 Resource and
llawllll-. of lh twelve federal reserve
benka at the clo of business Thursday.
December 13, Were reported Unifhi by th
federal rerve board aj follow:
Oold and gold certlflcatM 1.17l.7lt.0.
Oold ett!ement fund federl reerve
board HI ni,"l
Oold with for'-rn agenda, l.lot.M
Totsl gold he d by bsnks 140.772.000.
Oold with federal reserve agent, I.
16.4t:,000. Oold redemption, fund Ill.lltOnO.
Total gold reserve 1.061 111 010.
Il tender note. sllvr. ate., 110.
152.000. Total reeerve- t.lll.711 0e
Bllla diecoun-ed (secured by goirarnment
e ar obllratlons 1 . 1 77 24 1 "00
Bill discounted sll Cher 1 6l4.4tl.0O0
B'll bought In open market lll.ltl.-
400
Total bills a hand t.t7t tst
I, a government bonds 14.t6t.00t.
I t v:c ory notea t,0it
r B certlflcatea of indebtedneaa 111.
161.000 THB4 eamlna ii .1i .H.t3t.0t.
fttnk premises ll.tto
Uncollected items snd other deductions
from groaa deposits 711,001.000.
rive per cent redemption fund against
federal reeerve bank notes l4i,2,000
All other resource t 417.000.
Total resource i 311 0)M0l.
LlablHt'ew.
Csp'tsl paid In 4 461.001
Burplo 14.745.000
Oovemmen dcpoM 2f.0lt.000
Due to members, raadrre accouat, 1.
711.3tl,00. r-rf.rr-d .vallablllty Item. llt.MI.M.
other depn t. Inc'ud'ng foreign gov
ernment credit IMStaoO
Total xro. deptalt Ml" 161.000.
Pederal ra erve note In actual elrcula
tloa l.4,M1.00
Pederal reeerve notea In circulation, net
llab'llty tit IH ono.
All other I aiill le 11t.714 0l
Total ItabHIt'e t il 1.016.001.
Ratio of total reaerve to net dpo't
and federa' reeerve note liabilities com
bined 45 I per cent.
Ratio of gold reeerve to federal re
serve note In circulation after sot '.lag
aside 16 per cent axaln-t net deposit
llabllltlee 4t t per rent
BEARISH INFLUENCE
AFFECTS WHEAT MARKET
tn cax. 1'rw:. mm -
to Europe seven cents a bushel cheaper
than offering from th United Btat had
a hear! innuance masy en i wr.
i. Prlr.i ctnseA -jnsettlad at 114
net lowr to 4 cent advance. Corn
BnUhed S to 17-1 down, and oat un
changed to 4 off. In provla'ona the out
come varied from li cents decline to 21
WHEAT Open
man
1 tt
Low
1.14
1 It
Close
I 6
1.1114
.74-4
71
March .. .. l.tti
Mav . .
CORN
May ..
July ..
OATS
May ..
Julv .. .
PORK
January
LARD
Jan. ..
Mav
RIBS
Jan.
May ..
1 tl
1 124
.76
.76
7t
lt
41
14
fl.
iH
.it
I1H
US)
.41
.11 01 11 00 11.00 lit
.11 16
.11.16
11 46
11 IS
11 17
'76
11 17
11.40
II to
1 0
11.41
11 It
. .11 07
. .11 76
11 tl
11 16
BRADSTREET'S REV'EW
OF TRADE CONDITIONS
New Tork. Dec. 14 Braditraefg tan-Trow
will aay:
The fvorble feature of th week In
dlatrlbutlve trade are eaonal Increase
In retail buvlng, etlmulated by holiday
purchaae of seasonal good', a Hghtly
enlrxed dltrlbutlon of heavy wearing
apparel, due to colder wethr. with now
north and xtH, and some bela'ed activity
on the part of lobber In ahlpplng goods
to nil in broken stocks. Retail trade
generally, however .has not meaaured up
to a year axa. The trend othr1 ha
been toward Increased ou1t at holl
and In manufacturing line and a further
extenelon of the widening circle of quiet
In Industry, accompanied by many re
port, of wage reduction
Woekly bank r'e-'nx tl 17I.16H.0H.
COTTONBEEli OH,.
New Tork. Dec. 21 Cotton.eed oil was
qalet with prices easy under scattered
liquidation on the declln In lard and con
tinued dullnes in trad circle. Leading
month, finished 11 to II pomts
Bles 7.100 barrels. Prime crude 00
nominal: prme aummer yellow .pot 1 .16
g(0; January H: March Its. Ma
.ll. Other article. unchanged,
(Thri-AmM Ktc Wrxlrllnit.
SIIrs Mat-trie J. Co-lnr-r. dBirhtp
nf Mr. na Mn. O. 8. Cortprr. 1110
Wllllam gtreat. wu Tnnrrlcd lt.
nlarht to Mr. TViniam C. fitam-!y. the
o-remoliy havlnf ben perfornied at
the homo of the bride' l-rothor. Mr.
W. H. Conner, on North Louise rtve
nue. . A.
Rev. John B. WotO. lmntor or the
Ptrram Btrtet PreBliy'erlu n c hujch,
officiated al the BerVtoo. 9
The younur cotiple will malte their
home In Chftrlott Rtter February 1,
1921, the, proom, a contract painter,
being- en-raged In work at StrtteavMe
at present.
Funeral of M-ih. SlmpBon The
funeral of Mm. W. B. Simpson, of
Newell, who d'ed at the Prenbyter
lan hospital Thursday nl-fht, was
oonduotsd at Hickory Grove church
yesterday ntomlnB at S o'clock,
Mf Court ClotMHl All -jlll be
Lfulet In the recorder's courtroom
nus tones' of 8erreant MoLdtughtln
calling; the honorable court to order,
there will be ft 'graveyard-like still
ness in ths room. Christmas day
that's Ue rwadon.
STOCK
COTTON OplNloi.;.
nsAbaurd ansa. fW
'' NW Twk."Dso. li. Th ntarkat con.
tlnued steady on better Liverpool ad
vice, accentuated by local abort covering
before the holiday. Wa r pied to
wltne a tba appearance of the trad In
oar market - aftar such a prolonged ab
Sno. Al bough th trad hat notbeen
buying Is any larg vol una, thsy ar
picking up small qaant'tle on decline
There was vary little outside bustnesa, due
to the coming bo'ldsya Wa ar looking
for better oondltlon After th turn of
the yer. At th level w think It ad
vl able to bay tor future profits. welt
Ins; for weak a-nots to do so. We tak
this opportunity to estend to all best
wishes for a merry Christmas and a
bappy Nsw Tear
Br H. B. Bear.
-New Orlee. Dec 14 A wsa to ba
expected, the lower price for com
mod'tle. Including metal. are be-ng
taken advantaxe of by the railroad- and
construction promotora by commencing to
place 'arse order for rail and material.
The eastern and southern market for
lumber snd cement ax also being flooded
with Imiu'ries as to prices, all of which
sneaks wef) for the future.
Already the Penn-ylvanla railroad hag
placed order for 2.000. otto ton or raiia
and the New Tork Central rcn'ly order
ed rails lo the ev ent of 176.000 tone
Other svstems and the smsller roads are
expected to enter the market tor their
urgent need.
Thre are Indications of a revival In th
Ho and automobile Industrie, In which
nauob of cotton xood are used for lining
and In h as of canvas.
Advices from spot 1ntereet In th Bouth
Atlantic ststeo are lo effect that It la
not neceasary to wait until af rr th hnll
dav tor a fevlval In the -pot demand,
claiming , that It baa developed already
a result of improvement In the outbrn
mil1 situation.
Reports from Nw Tork tat tbat there
I Increasing Interest In cotton goods, mor
buying developing, snd a further down
ward revision, looked for nest week. I
expected to a'tract s largsr number of
buyers after ths holiday", and a good
baalnee Is looksd forward to after th
New Tear
DnrinT the period of depreslon. which
haa continued fur a,bout .in months, hav
ing started last urnmer. general liquida
tion In all eommodltlee. especially la
-locks of textiles, has been tenlve. and
as the mills have been curtsillnx and
merehnt buying sparingly, heif good
and 'ocVs of raw cotton In p'nners
hande, ,are reported to be well hlrh de
puted nrees Hating In the Immediate
future .
Per pereona! reason, financial In nature,
sh"rt in th larxe speculatlv markets
have deferred taktng progte on an
n'v cie until after eiplratlon of
thl year, after which a general covering
m ivement In the way of buying 1 antici
pated R'imor h It that xlxantlc buM pool,
capital one billon dollar baa been
formed In Wa'l Street to care for weak
I auea and to prevent the atock marko
frm declining further.
Wlahlnx you th compllmenta of tit
aeaaon and a bappy and prosperous New
Tear.
By fyrvl ft roe A Ca.
New Tork. Dec 14 While -oday' mar.
ket wa typically a pre-ho'lday affair
d-irlng a good portion of the session In th
eerly trading, ther wa good demand
id the undertone waa steady throughout
the day The banw statement publlebed
late In the day la favorable, reflee Ing an
Improvement In the altuatlon with the
Intention of viewing bu iness In a mora
cneerful light the beginning of the year
and with the red iced price levele pr
m'ttlnx freer commercial ac Ivltles we
look forward to Increased consumption
. , .... A I., eottnn ThlS
should have th effect of lifting prlcee
.. . .a . . , Kknrn in4
ll apoi nuiaers ""7
r,Khtlr ao In refualng current quotations
We etend to each and every one of our
friends, beet wish, for a very merry
Cbrir utaa
Los Angreles Ctllf.. Dec. t.
Grand Jury indictments of William
(Bi.be) Borton, Har MancerU and
William Rumlor, alle-in! that they
eoncplred to pre-arrange derision In
I'acillc Coast league bansball "fames
were Qua-hed by Judge Willis in the
Los Angeles superior court.
New York, Dec. 24. The actual
condition of clearing; house banks
and trust companle for the week
shows that thsy nold $0,5S.6S
rrfserve in excess of legal require
ments. This is an increase of $2i,
337.330 from lastt week.
Char eston. 8 C Dec. 14. Aided
by a fund raised by the Charleston
Shrine club and by other donations
the Santa Claue association of this
city will tomorrow answer letters of
a thousand poor children who havs
written the Jolly 8alnt. All their
requests win oe niiea. riu--i.i--o.i-j ,
a 1 of them have asked tor snoes
and stockings among other things.
Washington. Dec. 4. Prelimi
nary relaxation of American mili
tary rule In Santo Domingo was
aufhorized today by President Wil
son. w Tork, Dec. 84. The hope
that New York's crime wave had
begun to recede, engendered by an
apparent lull In serious outlawry
during the last two days was dash
ed thla morning when a holdup was
staged In the Murray Hill hotel on
Park avenue.
DRUNK MAN WITH BABY IN
ARMS SEEKS POLICE CELL
Special to The Obw-rver.
Klnston. Dec. 24. Like a barque
rudderless on a stormy sea, there,
strolled Into the police station hsre
last night the qneerest era t that
had sought a haven in that he.pless
harbor In many nights. To a mem
ber of the W. C. T. U. he would have
taken shape as a llv'ng horror; to
tho taciturn cops present he was ft
mere drunk." H tarried a double
load, and one of them had an effeot
on him similar to a buckshot 'n ft
poanut shell. The other was a swad
dled and beribboned baby. Through
the surge of the surf that beset him
he rose up and down, listed from
starboard to larboard, but through It
all. by clever Juggling, baby remain
ed at the masthead w Id -eyed but
Intact. It was an unusual situation
that confronted the "bulls." They
couldn't put the baby's papa in Jail
because it enta'Ied too many conss
quenoes for which" they wsr un
prepared. Without going ulljR,lnto
the details of why tie fond parent
was adr'.ft, ft policeman called a cab
and escorted the odd twain home.
Japan eeio Student to Speftk H.
Inadomt, ' formerty "of Japan, now ft
student In the Lutheran Theological
seminary ftt Columbia. 8. C will
deliver an address in the Sunday
school auditorium of St. Mark's
Lutheran church Tuesday evening; at
8 o'clock. The public la invited to
hear him. ., .
t
Mail DoHrf-riJ-1 Once City car
riers will make one delivery of mall
today, J. H. Weddlngton, postmaster,
announoed yesterday. The parcel
post, general delivery and registry
windows will be open two hours,
from I to. lft-o'clork In the morning.
Charity Ward Gifts. Dr. J. R.
Alexander, secretary and treasurer,
announces additional gifts to the
charity work st the Presbyterian
hospital from the Park Manufac
turing company, J. W. Zimmerman
A company and from the Phllathea
class of Tryon Street Methodist Sun
day school.
j THE BULLETIN BTJARD j
THE OUTBURSTS
IT r-iem F-.t-r .rcr-M Tn
fVNWY, CH THO muUOt-S ,S XtoU HfVff
NO OfV3!r OF MtrMOR
VnCJ H4VS! 1
Xoij 2lQ.Ci.UfS AT ANY A MO ey iSF- TM I M G
NO M,rrTS.l HOU7 TRIVIAL OR. TfACSlC .
High Grade Stocks and Bonds
Very good profits can now be made buying" high grade stocks
and bonds. We offer any part of the following,
SUBJECT TO SALE
50 Shares Merchants Bank ft Trust Co, W'ns'on-Salem, N. C.
Shares American Trust Co., Charlotte, N. C.
110 8hares R. J. Reynolds Tobacco Co., 7 per cent Preferred.
140 Shares R. J. Reynolds Tobaooo Co., Class B. Common.
20 Shares R. J. Reynolds Tobacco Co. Common
60 8hares L'ggetts International 8 per cent Preferred.
50 Shares Rex Spinning Co., 1 P: eferred dividends quarterly.
60 Shares Aileen Mills 7 P d. Dividend, semi-annually.
20 Shares Sterling Spinning Co.. Belmont. N. C. 7 per cent Pfd.
20 Shares Rowan Cotton M lis, 7 per cent Pfd., Salisbury, N. C.
10 Shares Icemorlee Mills. Monroe, N. C. I per cent Pfd. 1
SO Shares Monroe Hard war Co , Monroe, N. C. per cent Pfd.
v 10 Shares Brown ft Williamson Tobacco Co. 7 per cent Pfd.
20 Shares Climax Mfg. Company, Belmont, N. C., Common.
10 Shares S erl ng Spinning Co., Belmont, N. C, Common.
20 Shares Crea ent Spanning Co., Belmont, N. C, Common.
10 Shares Catawba Bptnnlng Co., Mt. Holly.
200 Shares Anderson Motor Co., 7 per cent Pfd.
5.000 N. C. 4 per cent Bonds due 1150. Very lew price.
6,000 New Bern, N. C. per cent Bonds due 1922. yield 1-2.
6.000 Cumberland Ciunty. N. C, per cent Bonds due 1932.
1,000 Cero-DePasro Copper Co. ( per cent bonds, due 1931.
5,000 Virginia-Carol na Chemical Co.. 7 1-2 per cent Bonds.
1,000 Interstate Flour Mills, Charlotte, N. C.
WANTED.
Icemorlee Cotton Mi'ls. Common.
Independence Trust Co., Charlotte, N. C.
Union National Bank. Charlotte, N. C
StatesvMle Flour Mills. Common. .
Charlotte National Bank stock.
Stultz & Rose
Bank Stocks, Bonds, Tobacco and Cotton Mill Stocks
Phone 796. Charlotte, N. C Trust Bldg.
-
Announcement
We wish to advise our friends and patrons that we have,
changed the name of our Corporation from
CAROLINA REALTY COMPANY to
THE CAROLINA COMPANY
By this we do not mean that we are any less tn the Real Estate Busi
ness, but the) name is changed to make tt more suitable for our
various lines of business. Ws thank you (or the business entrusted
with us during the past years, and w shin- you ft Happy Christmas
and ft Prosperous New Tear, we herewith send our cordial greetings.
The Carolina Company
W. D. WILKINSON, Preskfcnt
328 S. Tryon Street. Phones 609 and 1430
HARDWOOD FLOORING
RED CEDAR SIDING AND SHINGLES
EVERYTHING IN PINE LUMBER
SHINGLES AND LATH
Ws carry ft general Una of BUILDING MATERIALS and
licit your Inquiries.
Carolina Portland Cement Co.
CHARLESTON, S. C.
MARTIN & COMPANY
COTTON BROKERS
81 DroAd Street New York City
To protect yourself against losa In 8POT
MOLDINGS. hedge Cotton for FUTURE
DELIVERY. '
We solicit accounts for
In ten (10) bales up.
Bend for free booklet.
"BOW COTTON MAR K.BTS ARB ata.DK."
OF EVERETT TRUE
SYAHcR VT4 at, Vfre3 -f"
CAN TXXC IT 3GCAVJ3IS
Future Delivery In Cotton
MOTORS
3 ph. 60-cycle. 1 ph. 60-cycIe.
-2 H. P. 220v.
-6 H. P. 2 2 OT.
-7 1-2 H. P. 220v.
-10 H. P. 220v.
-20 H. P. 220V.
-40 H. P. J20V.
-50 H. P. 2300t
-260 H. P. 2200.
FOR INSTANT SHIPMENT
Greensboro Supply Co.
(Established 1898.)
GREENSBORO, N. C.
A Discount on City Taxes, if Paid Before December
29th, 1920.
The Oty Tax books will bo cpvmvl for collection of taxes on Monday :
the 20th Instant, and all taum for the year 120 paid on or before
that date, a discount of 1 per cent will be allowed.
An additional Inducement 'or payment of taxea before this date, la
that corporations whowe fiscal year ends with the calendar year, and
liKtlvt-tuHl are required by the Federal government to actually pay
tames before Jan. 1st, If taxea are to be claimed as a deduction lo ctU
oulatlns the net taxable tnoome.
The Board of Commlwdoners will appreciate you paying your Uses)
on or before December 24th, in order that we can pay the City em
ployes, as It Is our ustuU custom.
John m. wilson,
Commiaaluner of Finance.
Cotton Futures in Ten Bale
Lots Carried on Margin
Will cotton ro up or will It come
dmn? Send or our special letter
The Trend of the Co turn Market.''
MacDONALD and COMPANY
Members American Cotton' Grain ExcbaBC)
t4 STONE STREET NEW TORK
T. N. Hutchinson
J. P.
T. N. Hutchinson & Co,
MEMBERS
New Tork Produce Exchanffj. r
New Orleans Co ion Exchange.
Nsw York Cotton Exchange.
Be to announce they will oven for business Jan I. Ill, at
104 and 106 Piedmont Flee Insurance Butldlnc
Charlotte. V C.
Cnder the Manajcemenl vf L. A. Oodswortb.
A Bank's Surplus 4
Means Much
It is accumulated in two ways by assessing its stock
holders in a lump sum or by the setting aside.f earn-i
ings from year to year. An earned surplus, represent-i
ing years of Sucessful business, ought to mean much to v
a bank's depositor.
Our Surplus was Earned
Capital $200,000 Surplus and Profits $400,000
I HE MERCHANTS & FARMERS
NATIONAL BANK
5 West Trade SL
CHARLOTTE. N. C
Auditing ' . Sytteihtrtizinft
A. R. HARRISON, C. P. A., President
Harrison Accounting Corporation
S 1-2 South Church Street
Telephone 4487
Cost Accounting Federal Tax Sendee
Charlotte. N. C.
Seaboard Air Une Railway Company
Announce
That effective January 3, 1921,
Seaboard Florida Limited
Trains 9 and 10 will be placed in service snd operated
daily including Sundays. V1 (
All Pullman, all steel, electric lighted equipment WO be
used in this train. ,
Other new trains and winter schedule changes were effec-'
tive November 28, affording passengers to and from Florida'
convenient and fast service via the Seaboard Air Line Railway.
For further Information call on nearest ticket agent, or
E. We
Division Pasaengw Afnt.
'Phone No. 180.
1 1- H. P. 110.
2 1 1-4 H. P. llOr.
g 1-2 H. P. 110-120.
1 H. P. 110-220..
3 2 H. P. 110-220.
2 t H. P. 110-220.
i I H. P. 110-110.
I H. P. 110-220.
Charlotte, N. C Dee. IT, IttO.
Biettins
le. A. Dotlawortal
Long
CharlottvN-G
1
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