Newspapers / The Charlotte Observer (Charlotte, … / June 2, 1921, edition 1 / Page 15
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15 RAIN- ARKET QUOTATIONS; FINANCIAL NEW ' THE M0ST COMPLETE MARKET PAGE PUBLISHED IN .THE CAROLINAS. EDITED BY STUART P. WEST For 15 Years Financial Editor of The New York Globe. CURB COTTON- BONDS LIVESTOCK- TOCKS THE CHARLOTTE NEWS, CHARLOTTE, N. C, THURSDAY AFTERNOON, JUNE 2, 1921. FLUCTUATIONS IN WALL STREET i Parag raphs Cau j rViioflv hv . Prnfps- i rrs- J Ain Cove lCn3 iiaucis ua.j a Report. It- STirnr r vkt Copyrfm, 1021, by New. Publlsfclag Coi WEST .,i sTl'ABT P, m AMERICAN SUGAR. . The bear party appeared to have wait ed for American Sugar to sell ex-divi-aend before launching, their projected attack.- The-rdiVidend came off the price .fteMay. and this morninir eho stock was offered, down : vigorously, catching a CROP CONDITION REPORT IS 66 Trtfdinj? Was Very Quiet But Prices Were Eased Off. I wor hie"' By STU A RT P. . WEST Staff Correspondent ot The News. lffht, 1021 by Xew PublteMBK- Co. New York, June 2. The feature in . J. -A. 1 A, i. J3 A . if. . " ,;.!rul trarlpra This until A irne tiT ""-JL" A iZ, Tu- V-V: "le V-1 l Wf w jiuy- 0i iv -"r , " ff.-i,.,, jnwn r,. " V .,. 4 ncation or tne nrst gov ernnieut eruy ....... ono-Hpn in OlXerinV OOWn I tlirp .Tn hou a aallincr pamnfl vn 11V1MI tVlfi I - . , . . L . . mi i .. ii.i en; T . - w.. . :---,kTu;.. v""arj'1Ti.i."Sr" "'. report placing trie . conaiuon at oo.v in poi" ,' LC,: i r l"av t,M rViie -ninjuL u cui i comparer! with 62.4, tne low recoru published as or May la last season, i, m2l.byftew fiiDiiMning; io. gooa many stop orders and encountering ,o1- n street. New York, June 2. no support. The regular dividend was copyr ,iiii-,,ations in iuw a uii - liuwu o.t me meeting oi iviay n. it win i lmost entirely- the J riot corrie ub for ri!iinn amim thorpfore. 1 .... miz;i it i f 5 can liftl' hnrt contracts in oiner., m two months from now.. In (tM of to ,,,,. the movement naa an day's weakness, those who were right and a ten-vear average of 76.7,. Pri ;lfly irreauiar una unceriain ap- about the last dividend action insisted I vate crop reports had pointed to a ,-f wuii n ncntiBi t..u...w .. inai. in(K Ava8 no cnance m the situa- condition of aiout 65.6 on tn ave the other. itauwa snarct tion and that the reeular disbursement aare. ranarlns: from 63 ti' PS S in 1 .kilnitely stroiic., snowing- in- at the rate of seven Der cent Would be speculative accounts had donM'ss ins appreciation oi tne iaci i a continued. "en adjusted to such an expect. 1 . it m thp railroads of the m operalins ';8tB already American Woolen is one of the com "1. n 2 ra -inp n t tne nirincnu phj - iu u m-k,m-, vio nn.n uts,i its ooi4iit rallied as much as a point, ment ftnd ja (aiSt getting back to normal, bullish condition figures had been dls tion 'fradina: was very ouiet leroro the publication of the report, but if an- thinK. Drices showed a tenaeney to eas. owtnjt to an impression that j Wall Streer7)! Livestock fGrain Market ' New York. June 2. Under lead of rails, eouipments, oils and tobaccos, Cpyrib t921, by S'eww Pabltsbins Co. I'nlAn Sri-V nrrts CMnatrn Junp : CcpjTfsht, 1921 by Kw rabHnbiag c Chicago. June. 1. ine wneat mar the stock market prices were mainly A heavy supply of cattle arrived at the ket was extremely chpopy througrhout higher at the openmr or toaays ses- local yards today, but runs were com- todays session Dut prices exnipiw sion. Early -gains of one to almost paratively light in other branches of the n ability to come back after being two pofnts were niaie by Canadian Pa- trade. The lower values noted for tat- depressed by heavy realizing sales, cine, international Harvester and Sum- tie at the close of last week made many The feature of the market was the Itra Tobacco. The list soon became Gf the country shippers hold back their buying by export 'Jnterjsts. SMboard unsettled, however, on further selling stock, hoping for better market condi- reported 1,000 000 to 1.2o0.000 bushe.s of Crucible Steel, -which added 11-2 ti,m vjUt m.n - tv, t waa wheat worked to France an 1 Italy points to yesterdays loss of s 1-2 higheT after the holiday, the delayed stock '"a.01"6 2v:anteJ- crop rcP"s ere points. Sentiment again was adverse . started for the Market and sunulies of little effect. ly influenced by the weakness of Lib- odly were latimatef' at T 12 000 acaint! . The weather was ideal for the grow- rtv onda. th 3 l-2s fallinsr to 86.2. J??-ay:vf re- Pae.4.,at.f,",Ae'nri in?r crop.-with precipitation everywhere the lowest price yet recorded for that notedin neavy downpours reported over issii( ' ' "2 ,a..1" .2y. rVsJ?,,? fl the dry spots of the southwest. Casn - . fi n v M iiw m tiiii urtfi K1IIPrK 1 1 II I K llll I . , , . A n t .i, -ti n,,;r n I . - - -- -------- i wneat was uncnangea to two ceius cinmr vji mi; oivtu. n uiyiirem, un anj i mwfr nrio.ps a train wirn nrn narv sun- Ui-. i .-..r r i i ..it.. food shares registered further reac plies o hand. The hog trade showed a L'if ' ',i,rr' v", "f k , v. SthSrHe7 was Toward Vn?reasde stead Uv5 hi ,T?r" fr."l tYlX with'T bullish 'report on Southwest ?nJ l ?tv T 1--B mail another Receipts ot live stock at the local yards wheat conditions and a light carry- Vlf (n r htL ranted fi Tn today were e6tima,te at 12A00. ca.ttle- over. Receipts were of fair volume, decline to 8G, but soon rallied to 86.40. 22,oo0 hogs, 12,000 sheep and 7,000 calves. Vessel room for 260.000 bushels was The closing was heavy proximated 600,000 shares. ITEW YORK STOCK Last Sale. .Kis-Chalmers American Keet iisugar .. ., Sales ap LIST. . u 1n,...n-ir.Arl nftM-HIVI. I . . . . . : 1 , 1 - 1 rt-UlCl mail JTCl some i iu -i" 'iuom in a position to Know tne uisiue i cour.a, anu tne prospeci lur a wuiusn i Am.,.. f,n -ki.-inA i-ttAr 1 a ri n .1 ftv ii 11 ciri sni' rnanc7-a 1 n i r tlit-ir 11 :k In i.': avers got back practically to situation of the company, declare that repo:,' hid not caused ish figures of the ear. .k the sevn dollar dividend Can be looked the i.'jsition of Soul industrial list, there was a ,' vat' hin nils. of m ,;an I only I flrv 1 si uai. ' ' 1 .1 . I n r oi omotive and on pr two oi tue rhfi-e was very little In the way ,ws mnnected with any of these ivtrilions. inasmucn as Amen- 1 in,l,.of.;ol Atpnlml havu rcfiitlv declared their tegular Is iHSOUSSlon ui wni. incii ui- ... 1 ul OU ai -"c Southern spot hold- UPOh as eafe for this year and that some- I ers to supply buyers freely on niol- nected later I are selling at prices which are at "f experiments on the short side tnin.ot a morft favorable nature in tne erate advances. July contracts here nous industnai mocks Ke a - o( dlvide,lda may be expected 1 hft vr. The non-man v is retorted tracting almost aauy snipments irom operating at around 90 per cent of capa- the South on consignment and unless WA! tnVn. ot last g.re , i. . change f gtwjn lent, auu t-iiiia oi ui markets, large July tenaerB ar an- tlciDated. L.EE RUBBER I Up to the present time, sales of L.ee Rubber was th leader of tne j July against possible deliveries, have American Car & Foundry . . . American Hide & Leather pfd American international corp. American Locomotive American Kmelting & Ref. . . American Sugar . . American Sumatra i obacco .. American T. & T American Tobacco Sec American woolen 32 lti 35 29 1-2 123 1-2 52 1-4 42 1-4 83 3-4 42 3 80 3-4 59 7-8 1 - - i"-- i " I COTl ivauiii J L 1m J S , J r B-fM Cattle values were lower after a late chartered to go to Buffalo. This is start, most of the sales of steers show to move out wheat taken in on May ine a decline of 10 to 25 cents trom the delivery general levels of the day before. Quality Corn followed the trend of wheat, was lackine, with a few lots going above 1 There was heavy" selling of corn cred- 0S.50. Cows and heifers sold steady . to ited to a leading local long but buying 15 cents lower, but canners at .75 to I was heavy enough to rally prices 53.00 and cutters at $3.00 to $4.00, were Trom every dip. commission houses steady. Bulls also held at unchanged I were fair buyers but most of the ivp1sl Cuivpsi showed un strdfle. Pack- buying was credited to local Interests. rfitd S9 tn j.9.50 for erood vealers I Receipts were again heavy, but the with best shipping lots quotable up to offerings from the country have dried ?10 Hogs were strong at Bond Market Anaconda Copper 39 the start, but sales weakened later and sellers could 104 1-1 get noHoetter than steady values, com pared with the low time late yesteruay -8 hsome light hogs sold at $8.25, early but 8 the best could not reach above $8.10 at next meeting I rubber and tire shares again today. The I been absorbed by buyers who have is oovious Atchison Atl.. Gulf & W. Indies Baldwin Locomotive .hup t It'll i " niviiii.w , I siluul tioil in ijee, auwiuuig w uno vm. u. .,wiu fiiwiiLiio ai nv Piv,..i.i Rait mftrp v OlllO w pViiKiture. So far as known, the lnsiders. is very pleasing. The company premiums, but naturally there must hi eh en i Steel "B" .. .', Xmlnz situation in these two com- uid Ug bnancing last fall and tnere- be a limit to operations pf this sort Canadian i Pacific' .. ,ar.i". i- no different from what it har1 tho k,,,,,,, nr. the rest of the and with improving conditions during X"f"f"T Tv,',. 1510 n WIS reiU IlC'.l LU tUHVinuo t.ac af- ratfw fome of the oil shares weTe 'ttip'.l' hv the fresh price-cutting nrrrl tins nioiiuiis. (""k i.nnou tire comnanits. Liee is a. small .company and wui continue to pay its uiviuenu even though the other companies, with i the exception ot United Stales Rubber, nave been forced to take adverse ac tion on disbursements to sto-jknoiders. In the matter of inventories, l.ee never June it is felt that there may have to be a readjustment of ielativ- values cheiaDrpke & Ohio " between-spot and futures. The 'mar- PhfnoSn Mil sr Paul ket opened steady at a decline oi rh;" - n. T. & Pac. .. 1 to- 5 nolnts and sold some 5 to 6 i rnr r points net lower during the early Ft?L ' - r .1. . ,i o rlrAt ch nWAll that II I "fn?, i nee sensitive to th; unc-Ov-. any high-p matenais on nana f fhe high price touched . oh the re of "weak spots" as it had been a about which it had to rp. rally of lat wke. The condU ' ,t while ago There was active r, , Ti . ..i ha in iv nf tion report appeared to have been 5ndU of Studlbaker. Mexican Petrol- ..ock Island ynlciiw " .e leaJei ot lt f discounted as October soli '" '"In e o the tobaccos and one the low priced rail group, got back around 'ff 13 3 , f u pubiicition. !U w,f of the tire shares which was its higlv ot the yeur, raw- moiunly pro- or 1T polnts net lower. ne figure "r, v,.?tVd bv the break in the va- portioa or lixed cuarges is now aoout ,vas evidently almost exactly as ex- 1,1 - .'nil i Ati s upon which the bear 1. 150,000 and $297,000 tor prererred Uivi pecteci by local traders., who sold on r'T had '-onee'ntrated their attack. denus, making a total of some $l,4u,owo. itp appearance without waiting for its firmness in tne money i mi 111115a .uaiv." oi-... 1 eneci in ine country. . . . .1.... ; iu. I Hnl iiviiiti.'iHiHiit .j n A tnr tnt firKt timt I Hilll I ChUiul 1 mviwiu ... 1 - - - , mill 1. -O .w.. . U n.n 1 I- O t Mnll.lur UU Itl lt t il n exchanges, a ramei laisi i amvc v-ici - - ii.. ,.- (,. mnr than munihlv lnnnortioll lit CharaeS and !;ro- l- '"1 . I , . .1 .ll..wl. V , . ,.1.t...i1 dll ' . in r i mnnin v ihihii I iil i ikiicu. uiiiuiriiuo.' acv v &. Iron ctfs lian c 'ntimifd Wt iiia ..mnt nnd a new low reenrd 1 cu aipnient Kfeiits. was c-iose to -,"0u,ojv, li,-. tax-exempt i,iDertjr i-.s, i compareu wim trounu tuu,uvy m -.-cu- CHAHLOTTK COTTON'. Receipts today, 6 bales at ,11c for tin" louts v response to the recovery in the elral reserve ratio, both at .New York and throughout the country gen raliv. is disappointing, even if intel-pi-ihip. A (Oinbination of government vlthihawals. preparations for the mil ,nn:ith tax n;ivrnents and heavv syndi ate i.orrowings has taken up the slai k ,vhii h i-r iiiinri) v woull be available: o- us? in Wall Ftreet. This explain-- miAtai nns on loans, secure1 i HtOC SEW YOUK COTTOX. New York. June 2. The cotton mar ket was very quiet during todays early trading. Liverpool was about as due. and the opening here was steady at a decline of 1 to 5 points. there was som light covering ani little buying from New Orleans ana oep ebrury j neBe account. Tnis demand was pnl was 5,l,J4-,ooo ! I supplied by Southern selling, realising .us u larger uian a year of fqUi.3ation, however, and the mar is the lliaitl lniiaenis ui tne ud. rum) aiiu uoniui a. jti e,v j....v-u.w . . .. i : . T. 1 I . .. . . .-1 . . . . . . inn.A.i.A in trt.MU fir iuf' I I1 0 SI f II K eAVItdU$C. iUl Will. I HI HCt WCLO UUC IU V a.. ... " 1 ,-..ii fun 's Bret un to 8 Der ffiuisi.S6b.uou. tosi oi uonuucuux uanowui- hi l for time money were raise i tation gained only $dJ ,ooo, in spue 01 n's.-i. That there has ooen s" L,i iica-ii- trains, &o mat tne latio to gross, was reuueed irm 4 0. a per cent to 4Z.2 per cent. Expenditure lor liiam- icnance mcreasod i'he sross tor Apr Liian .viarcn, aitnoug ago. From iaiu to 19iw tramc ueiis.ty i kef; showed an easier tone after th- iiioitassed 3 per cent, wnue touii tap.-1 ca,i with October selling around 18.4 titiixatton lviiiameu practically Station- or about five points below last night s ary. imring tnis peiiyu uio u.i(i. i closing. The news from the goo l tia.n-!oau increased o i per cent auu l trade was considered rather encourag- quMi itiui.o y. jiveiage tons per car increaseu iu as a Detter oemana was reporter k exenange couaierai, .ro o"" ,,t - for nrint cloths, but some of the l . i i Carolina mills we-cr t.ai i to oe closing iviirTRUi. AT.f'OHOI, land so far as indicated by cable aj- i.,...ui ii. i.i.i.KH-n.1 Aii'omi va? al vires no uennne uio.iiesa was ma.ue toward a settieineni ot tne liritisn iuai strike yesterday. mere was a . little . more scatterm Col Co-n Pro J nets Crucible Steel . . nuba Cane Sugar Erie : C-enevaL Electric . . General Motors . . Goodrich Co. . . Great Northern pfd Great ".Northern Ore Hlinois Central .. Inspiration Copper .. . int. M-.ir. Mar ne pra International Paper .. . 'vennecntt tzopper .. .. Louisville & Nashville . Maxwell Motors .. .. , Mexican Petroleum "Miami Copper .... . . Mji-irjie States Oil .... Mldvale Steel . . .... Missouri Pacific .. .. . N'ew York Central .. .. NT. v., N. H. ft Hartfard Norfolk " & Western . . . Northern Pacific . . ... nvmciblo Oil ...... Oklahoma Prod. v. Ref. Pan American - Petroleum Pennsylvania "eople's Gas . . .... . . "ittsburgh and TVest Va. ay Consolidated. Copper Reading . . . . . . , . . Rep. Iron & Steel SI 37 80 3-4 41 55 1 -S 112 1-4 36 3-4 61 1-2 58 1-4 2S 33 1-2 24 1-4 29 . . 66 fi4 1 up Cash demand is slow. Kxporters bid only 2 1-2 cents over July for fresh selled number 2 mixed corn nearby shipment. Crop conditions excellent. Oats were inclined to drag. Sellm by longs taking profits encouraged local pressure which support was lack- the close. Rough packing hogs sold be- inar euriv. Covering by these sellers low $7 while best pigs were up to the I after mid-day caused some recovery top light hogs. I later. There was, a broad shipping '.Prime snnnir lambs sold steady to 25 iemand for oats over night. Country cents higher. Rest California stock offerings to arrive were tair maue 13.;.5, while top native also went 1y STUART I WEST. CprHirtt, lf21, by New8 Publishing Co, New -York. J tne 2. The feature in tcv- day's Tond market was the continued weakness in the liberty 3 l-2s, which descended to a new low ofrf6. With the t- ne ir at nan 1 for action on revpnn legislation, one of the main incidents of winch it is expected, will be relief for the larger incomes, the demand for thli tax-exempt issue has fallen off. At the tame time there appears to have oeen considerable switching from the 3 l-2s into the various 4 l-4s influenced by the same idea, namely that there will not be as good a market as there has beert m the past, after new revenue laws arv adopti-d. Trading In all the liberties wat extremely heavy today, with the second, third and fourth loans very little affected by the weakness in. the tax-exempt first loai. r ihe general bond list again felt tV depression influence ot the money marr kvl situation, that is, of the rather disap pointing reiusal ot money rates to come tiwwn in re.sjKie to the restoration of the federal rfsere ratio. Various iv Mies made new lows for ttu yoar. A monk these were tha Southern I'feciric collater al 4s at 67, the .Northern Pacific prior lien 4s i;t 73 1-2. tha Nw York West chester and Boston 4 1-2S. which, were oif nearl ya point to 36 1-S, the Atchi son general 4s at 75 and the Dunont 7 l-2s at 98. - , Oil the Otner hand, strength wns shnwn in Ntw Orleans Terminal 4s. up 3-4 lb 63, the Missouri Pacitic 4s a fraction higher at 64 1-4, in St. Louis and ban Francisco incomes at 52 3-4, and in the local traction group, especially the In tel oc rough 5s and the Brooklyn Rapitl Transit , which were both in ai-tivn demand. ; at the figure. Shorn lambs reached $lJ.5u. AKed muttons found a good outlet at fully steady values. ' Receipts of live stock for the week thus far stand: 33,886 cattle, &, as f'noas. i. 033 sheep against 50,262 cattle, 137,592 hoes. 61.716 Bheep the same prriod last week and 28.911 cattle. 131.037 hogs and 16 3-4 50,133 sheep the corresponding weeK. last i i -8 year. . Provisions were easy early on the bearish showing of stock but market recovered a little along after mid-day on short covering. 135 10 1-2 69 1-2 28 88 7-8 34 1 -2 49 b-4 68 20 .1-; 101 4 149 1-f 22 1-K 13 1-4 27 in 18 3-1 95 1-i" 71 3-4 16 3-4 2 - 65 1-4 34 51 29 13 S- 7i 5ir CHICAtiU LIVESTOCK. Chicago, June 2. Cattle: Beef steers steers butcher sne stoc-K, estocK.trs and feeders opened steady: undeaoue veak; early top 9.00; prime yearlings held higher; bulk beef steers 8.00 to 6. ib; bulk fat she stock 5.2o to b.o; manners ana cutters largely J.oo to j.i5; bulls strong to 25 cents higher, julk 4.50 to o.&: calves 25 to 5u ents higher; bulk vealeis 8.50 to 9.25. Hoss: Fairly active; lights mostly active: others steady to 10 cents high- tr than yesterday's average; top early si. 20: bulk 7.7 5 to 8.10; pigs 10 to 15 ents higher; bulk deshaule g.io to 8.25. Sheep: Firm to 23 cents higher; shorn lambs top 12.50; bulk 10. oo to 11.50; California springs 13.25; straight, too natives 13.25: bulk 12.00 to lis.Oo, xvxas wethers 6.00; Texas yearlings .i.io; rat ewes largely o.uo to 4.--o, Chicago. June 2. High price rec ords for the season were again outdone today in the wiieat market. -Opening quotations ranged from 1-2 to 1 cent higher. . Corn was firmer with wheat, open ins 1-4 to 5-8 cent higher. Oats duplicated the action of other ;rain. Provisions sarrged. Corn closed firm, at 1-1 cent to 1-2 cent net advance. Wheat closei nervous 3 1-4 to 3-4 cents net higher. ''Hirr:o cam? cn.iw. Chicago. June 2. Wheat. No. 2 1.60 1-2; No. 2 hard 1.64 1-2. Corn, No. 2 mixed 66 1-4: No. yellow 66 to 67. Oats, No. 2 white 41 to 41 1-2; No 40 to 40 1-2. f?ye. No. 2. none. Barley, G2 to 73. Timothyf eed. 4.50 to 6.00. Cloversee-I, 13.00 to 18.00. - Pork, nominal. Lard, 9.35. Ribs, 9.12 to 10.12. red CHICAGO GRAIN AND PROUVCE. stifflv as they art. The vort-ign c-xenange neaimss wre ili cvi.lentlv feeling- the unsettle rat oi-'-asioned by last week's violent herk. even rations payment aue was out of the way. 1 he re io:ted dash between French and Ger-m-.i detachments in Silsaia contribut d, no doubt, a depressing influence, terlitis fell at one time over two fin? in the pound, regaining part of he los in the afternoon. Although iic i-otton conditions of 66 was The although the German rep- move quae similar in every way to timt .the. itur h us- in American &uar. it vas anotuei 01 a vitfiiant bc crowd looKing ior stuus not iiueiy to u protected, anu o.u.11114 tnerfi uoivn m the noue Oi Uiingliio ou I real liauiuation, and Keeping tile giicA-u list UUetlleu. 1-tect-ntiy, i.eli tue trj,u- iai- two per cent uiviucnd tor a qua. 101 was voted, it was gieii out unoi.iow.... ex- that the business 01 tne company wad in reme v low as compare.! witn tne ,f,,,,, snaij ana that uw i)iu...ii irom uk :?n-year average of 76,7. it was sKght- 1 ,lcvv 'lcoruo" - wci tauui,? mo ptuwv.. more than the cotton trade had t0 a onsiuerable extent, or the reuuccO lieen figuring upon and cotton options i,r(iits irom tne iriain lino 01 business. decline 1 after the report came . out. LniiiiKtHal alcohol. Speculative raiding kept on' in the Royal Dutch, N. Y. 'hell Trans. & Trad. Sinclair Con. Oil .. .. .. Southern Pacific .V 3nutherri Railwav .. .. ... standard Oil of N. Jr. pfd Studebaker Comoration . . liquidation later ani the government lennese .orper eport maKing tn3 condition tD, waf 1 . V;" nllnno.l a tiut-rxr .f innal an- I ' ciaa i rsciiii; ommission house seliine: which sent I tobacco Products" 54 59 '-losing operations in the share list. thf advaiK-e in call money to 8 per 'in. helping the selling movement 'Ions. FIncouraged by their succcess fu! attm-ks upon Industrial Alcohol. ;iie .'usrara. Raldwin Locomotive, and other specialties, the professionals ex tended their selling to the shipping stocks ar? the steels. Both of theso j'fMipp wero somewhat weak in the pna'i trading. XEV YORK PROVISIONS. New York, June 2. Butter steady, creamery firsts 26 to "28 1-2. .Ers irregular; fresh, gathered firsts -0 to 27. Cheese irregular; average run 14 to '.0. Live nnnltrv firm- hrnilrirR 30 tn 4."i! I fowls 2ti; tur'kevs 25. D-essed poultry easy. ''FAMOUS PLAYERS. When i-aiiioud Piaeis was having its 10-point uiop iioni thj hign m 62 1-2 imuie waa a guud ueal tjuec tion as to whetUei- tins did not mean dome untavoiauie cliaage in the earn ings situation otS the company. iui yuurteriy statement out today, how ever, uispells all uoubt on tins subject anu ufcimitely estabnsneo the iaci tnat tne reueiH ueenne was nomlng moie iuan a'snakt-ou., reouitins- uiine iikc iy, r'rorti an attempt to leatcuin'ulau iiisioe stock sold out on the rise ani tnereby- nicJtiiig an excellent turn. v or the thr months end.mg Atarch oi, Famous Players had net operatin0 pi ones, after all charges, reserve ap propriations, and taxes, of $l,50U0,uou. .-vittr paying trie piererred uiviaend, & uaianco waa lett equal to over $o.2o a. snare, or at tne annual rate ui 25.oi. t'his was even better than the the price of October- contracts off tt 13.30, or 20 points net lower. These offerings were by no means activ 01 general, however, and the market sooi: became quiet again with prices show ing rallies of several points on cover- Ing. If anything, the condition figures vere a shade above average expecta tions, but ' not suffi&'erttly so to in spire any general silling. i he upward revision of last year V acreage figures attracted some com ment but the market remained ver luiet during thi middle of the after noon, with " prices steady around 13.41 for October, or about' 10 to 11 points net lower. NEW YORK SPOT COTTON. New York, June 2. Spot cotto; quiet; middling 12. S5. CLOSE NEW YOU K FUTITRES. New York, June 2. Cotton closed Transcontinental Oil . . -v.- Union Pacific U. S. Food Prolucts . . . S." Retail Stores . . . . U. S. Inl. Alcohoi U. S. Rubber ...... . . U. S. Steel . . .... . . Utah Copper . . . . p. . . . Westinghouse Electric . . .. Willys Overland , . ... . . ure Oil '. . .. Ulantic Coast Line .. .. "oca Cola Gulf States Steel . . . . . . Seaboard Air Line .. r. -Ooss. Shef. Steel & Iron united Fruit . . Virginia Caro. Chem. .. .. merlpan Tobacco .. merican Zinc .. .. .. .. 3eueral Asphalt .... 41 S-4 . .2.! 3-S 75 . 20 5-f . 10H 1-: . 72 5- 8 1-T . 35 3-4 23. Z-A 56 . 9 1-8 . 11S 1-2 . 19 1-4 . 5S 1-4 . 60 . 66 7-S . 79 2-i . 53 . 46 8 1-4 . PI " . 80 . 2S . 34 1-2 6 1-2 . 38 1-: . 107 3-h . 30 . 125 l- 9 1-2 . C7 1-S CONSECRATION IS URGED BY DENBY c quiet. July ; Oct. . Dec. . 1 Jan. March Open , 12.6S , 13.47 , 13.85 13.98 , 14.29 Hi?li 12.74 13.49 13.90" 13.98 14.29 Low 12.55 13.30 13.75 13.SG 14.10 Closa 12.67 13.43 13.84 13.92 14.20 TWO MEN WHO GOT $800 HERE CAUGHT ombining of Professional Attributes With Respect for Enlisted Force. Annapolis, Md., June 2. In present ing commissions to tho graduating class of the Naval Academy here to day, Secretary Denby, himseK an en listed man in the navy in' the Spanish American war, and a private, sergeant and commissioned officer in the marine joips in the World war, struck A new note in urging that professional attri butes of the naval officer be combined with resivxt tor the enlisted force. "You r.tust so conduct yourselves that your superior in rank shall re spect, you, your equals love you, and those under your tomr.and -nbeyyou with a smile," the secretary said. "1'ou must be officers, lot not snobs. Yo n- . -1 1 commissions are ui-oestoweu uintfs vou are free f rem a foolish vanity of rank." Reviewing the deeds of the navy. Secretary Denby bespoke in the new officers " a spiritual coisecrutiu.i outy, v Opii High Low Clos WHEAT July 1.371,6 l.ilVt 1.36 1.40 CORN July 67 67 66 67 Sep.t 6S - 69 67 68 1ATS July 42 42 41 41 ..Sept 4S 44 43 43 PORK July ... 17.05 LARD July 9.45 9.60 9.42 9.C0 ' Sept 9.77 9.92 9.75 9.92 UBS July ...... 9.60 9.75 9.55 9.75 Sept 9.S2 10.02 9.S2 lO.Uil I Curb Market By STUART P. WEST. . Cpyt!Bht l2l. by News rublishlns Co. New York, June 2. A steady tone was displayed on the curb market todav, but there was small increase in the trading volume. Commission houses had few or oers. and the bulk of the business waa contributed by the profession element, whwh continued to show increasing inter c&t in the mining department. Thre Was pressure against National Tin with largo onerings on the decline, but after falling a small fraction there was a sharp recoery on aiaije supporting or-dei-s. Eureka Cioesus attracted atten tion, advancing tour ioints irom ;is ini tial quotation. Irregularity characterized lh oil list. An easier tendency was displayed m in ternational Petroleum, Sinim.-s i'-tn.'eum andi several. others, while small adv .ci- were recorded in Skelly, Elk I'.asin. Mar?, caibo and Cario Syndicate, fho dtulings 111 aiis dioup were dinuiier than in some time. The Standard Oil crrouo was rrau. tically neglected. Indiana was the nnlv comparaUvely active stock, , recording a rractionai loss ot a hundred shares. Despite the better tone to the motors on the stock exchange, an easier tenr dency was in evidence in 'these stocks outside, Delaware, . Lackawanna and Western rights were in fair demand at a small upturn. Retail Candy was heavy but Sweet Company held aoout steady. There was a good tone to British-American Tobacco issues. Glen Alden Coal, when issued, was dull. Bonds were fairly active, with 'more than the usual amount of interest in th Ons, incluuing Gulf, HumDle, Vacuum Issues, which were fractionally, lnter torcugh Rapid Transit 7 s also were morn active and moved over a range of 1 1-2 points, but h.eld generally slightly above the previous ; clos. to NEW ORLEANS COTTON. New Orleans, June 2. Omy CHICAGO PROVISIONS. (.hipagn, June 2. Butter higher: -rTTiA,... r. - . no Afi to 1 -u.iir,.. 1IIL& wO iu x - unchanged. Poultry, alive. higher: . fowls 25: I Toilers 40 to 50. uigniy favorable showing made ror tne I price changes were made in the first twelve calendar months of 1920. hour of trading in cotton today, the mantel oeing in a waiting aniline r rr A T Ofrtrrrr TlTfT T 1 ojecause Ot me peiiains . uu -j.u report LOCAL SCO U AO LLiLi Ion condition. At one time the m0st nr. ri-1-i--ir ir TAvrtWC5 1 active inpntns were t points un-icr BE SEEN IN ' MOVIES the close yesterday, as the result ot iavoraDie weatner over tne larger nart of th hplt. At another. Ootoiicr A one reel moving picture in wmtu 1 was points over yesterday s close on MOXEV York. naner f. T7 . ' exchange sugar ANU EXCHANGE. June 2. Prime mercan--1 to 7. weak; sterling 60 day John . B. Flovd. Boy Scout executive, more, cheerful labor news from Eng- and eight, CnariC-tte Boy Scouts take na anu tnerreport tnat ranwayrnon will h shown at the had lifted the -ban against handling oj cj.v.1.. . - i" - . ----- - ' mnnrtp- rnfl 1 .Inlv trarlsil rinwn in 12.27 and back to 12.31. v SUG VU -New- ori. June 2. Raw ejk; centrifugal 4.77. Kenned easier; with list prices un- langp.l to 17, nnints net lower: fine I imnoHiil theater nt 9 o'clock tne morn . -uMien to rj.Jn. 1 in rf Innu il THa. rif casion Will be tne I ti, aa r.Rr.t last "get-together" meeting of the Boy as the condition of the crop on May Scouts before the camping activities 1 25, was slightly higher than average . , : I exDectations and caused moderate sell- r." 1,100 aton last inff which carried the trading months The moving picture was taken last lg tQ 19 points under the close of year when Mr. Floyd and eigut scouts ye8terday, July dropping to 12.13 and attended the Boy Scout conferences in October to 12.83. m i i i. cV.n,vo tha ji-niits visitinsr Tn th latA trndina- there was snmn v ICtllti" t- jSAV"0 ll.U w.vhuh ' 1 1 J fi . . - ...w vvtministcr Abbev. Warwick Castle, disposition oh the part .of shorts to House of Parliament and other famous Mcm0rIai Day, and prices made a places in England: The local scouts partial recovery. Toward the close and Mr.- Floyd are conspicuously seen July stood at 12.25 with the more thrnushout the picture. ine eignt I aen -s iiiuuuiB snuwmg net ueciinea 01 .Jr ; vv r.itm-ft ni-ft Robert Mason. 0 points. "1114 :inr c n .1 . . l . 1 1 1 . v.. 1 1 iiiuiiicii iai ui uixy uuia i. lnks .1.84 1-4: f-ommprr-tal fift riav hills demand 3.S8 3-4; cables 3.89 1-i; jrancs. demand 8.30: cables 8.32. ."eisian francs, demand 8.29; cables I Stratford-on-A von. guilders, demand 34.25: caBles 34.35 'fp. demand 5.24; cables 5.26. Varies, demand 1.55; cables 1.5C. cefe. demand 5.83. veden, demand 22.93. Norway, demand 15.20. Teniine, demand 32.18. 8azilian, demand 13.50. I'j.u r.-;ii ii n-16 per cent discount. un lent bom i ' iiiiiiii nc -tn rnon George Snycier, Jeon uiudmi, "jL:" New Orleans, Jiine 2. Cotton closed ard Cannon. Jim van rsess, CoDeland and Richard Watts. I points. Preceding the picture will be tne r tiio nrtiirt of honor for the Ju j ofS - Albert y-. x. summer. -, , I Dec. urM.nnt .nri Walker Jerrell, are ex-1 To eptances " ruims Tav DanK pected to have become agie uw March CLOSE NEW ORLEANS FUTURES. declines fo at net i per cent. easy; railroad and 90 days v Open 12.31 13.05 . 13.37 . 13.47 13.82 ?iifrn 12.-31 13.05 13.33 13.35 13.73 Low 12.13 12.83 13.20 13.35 13.66 to S Close 12.21 12.98 13.34 '13.4(1 13.73 E.VVv,t HmV anH Eagle badges will NEW ORLEANS SJ-OT COTTON '"- Z".X. nwt WViis- Jvw Orleans. .Tnne 2. Snot rottoit De awaiucu - m(,rit badee huiet and unchanged; sales on the nant nas omy " he Pt 193 ba es; to arrive .none. making ure vy low middling .2s; middling 11.75 gooa middling id.o LEGION POST HOPES lti()KliF,S WIT J , WTTV "i - -Tdarie scout. Wal I j; jerrell must qualify, in civics De-j Receipts 7,199; stock 456,139. Oeala. via t. 1 h run " receive hia Eagle Daage ?0!t. 27. of the American Leciou, I Both are expected to qualify in tne Two men who "worked" Chariot banks arid business houses for S800 1 "ff von -are to be fit inheritors and 'n forged express money orders are transmitters of the glorious traditions now in jail at Florence. Ala., awaiting Qf the navy," he bald, 'you must dedi sentence. The two men were trailed cate yourselves today to lives of self down through the efforts of the Bode- sacrifice and absolute devotion. Most iter national Detective Agency, wnicn 1 particularly our. country s nonor anu recently onened an office in Charlotte, material interest are in your hands and confessed to their forgeries when j "When the red day comes if come it brought before officials. I must- when in the flame of battle The two men, who give their names J your Souls are taken from you under as J. A. McCheney and ri. curren 1,,.,,. milI1trv's fire, vou Will die as gen- Moody, were in Charlotte early in April j flo hould d'e. honest and simple having come South after stealing tlanM nnd brave, regretting nothing unci glad ovni-nt-c. nrAam at 1 1 t lri i t "VTi rOl AT'--- I . . i. KrA in miT-i- SO . ..i u.v w rnnr vou nave su uu .10 Mich. M Chesney. made a deposit of more. than $200. in a local bank, which the bank did not lose. Detectives from the Bode ker agency were put on the trail of the two men here and soon located them in Florence. They had been ac tive in Atlanta and Birmingham. While the men confessed to having "I do not anticipate, however, that, if you live as officers should livn aii.1 if the navy, keeps up us -swnuar m material; a d men." Secretary Dei oy continued, "that you will ever ba call ed, upon to offer that great sacrifice 1 vnnr pnin.trv's altar. You will passed off $800 in bad checks and or-1 . to live for your country clers here, the names of those who lost galled upon to me for j & in the transactions have not been maae watchfulness." Pubc- cnci-mff as one "who has been -T Mrnrtii! in arms with many men, Secretary penby told the graduates to "shun dangers asnore as eumwu you court those afloat." tunravr. HOPES NATION WILiJL. Eir.i xrv Ti.t ! T.Tn - A bone that city school board in the office of Super-1 .n"rUid never be called upon intendent H. P. Mardms at tne city naii war ae-ain was expressed Tuesday afternoon- The board named ti-" ,nv . nreaent. the NEGRO TEACHERS TO BE ELECTED BY BOARD old. CHICAGO rOTATOE?. Chicago, June 2. Potatoes. stronger; northem white, sacked and bulk 60 to 70 cwt. : new' steady; North Carolina 5.00 to 5.25 barrel; South Carolina 4.75 to 5.00 barrel; Virginia ,.7o oarrei. BLAIR APPOINTS TWO DRY AGENTS Robert Fulwiler Supervising Federal Prohibition Agent for the South. Washington, June 2. Robert Fulwil er, of stunton, va., was appointed supervising Federal prohibition agent for the Southern department today by Internal' Revenue Commissioner Blair. At the same time, Mr. Blair announ ced the appointment of Charles Pendle ton, of Gate City. Va-, as Federal pro hibition director for the State of Vir ginia. Mr. Fulwiler succeeds S. R. Brame, with headquarters at Richmond. The Southern department includes the states of Virginia, North Carolina, South Carolina, Tennessee and Kentucky. He will take office June 10. Mr. Pendleton suceeds Louis H. Machen, his appointment being effec tive upon taking oath of office, and his headquarters also are at Richmond. Commissioner Blair stated yesterday that all field appointments made at present would be subject to the gen eral re-organization of the prohibition unit. The general plan of the re-organization, it was said, contemplates the dis continuance of prohibition departments and the . appointment of supervising agents for each of the different states- sill VI-IJ New York, June 2. liar silver, do-. mesne U9 1-4; foreign 57 5-3. Mexican .dollars 44 1-4. The election of 67 negro school teach ers will take place at a meeting of the . . - kut 1 'rut 11 1 1 1 1 1111 111 1 in .- ' " .7 - . white teachers several days ago. v-- - fh duating class with the exception of a few vacancies "'r Acndemv7 The President wnicn remain to ue iuu. 7vi thnt. while he was Several applications from which to " ' eraduatins select the entire faculty of the negro f"" " 'M have to ko to war schools are in the bands of the school t "m that squared with board. . it is understood. except ii . The board at a later date will fill .the "d deal is 2id nowadays," said vacancies in the faculty, of tne white , jfardi n g "about preparing for dc Schools, making selections from apph- Mr. Ha1Q nothing nobler in the cations which it now has on hand. Pnn- nse 1 snow f , cipal interest in this election centers is an inherent thinv on the election of a principal for . Lie U-nlanted1ii the human breast by Alo-ranrfor. flrahcm Hl2h school. SUC- m man, yidiucu 11 , . Tnere wuuiun t v men weren't wlil- I01CPe 1 11.- irw. oentier. as hc w . "yicBseQ tue iiuic uui Ihfa. Klve JacK uempsey, tne ir.. 'Weisht champion, a "throrougr ru - tne twv meet in 1 -. addressed to next few aays. "soldier and roMPANY IS FORMED TO MAKE NEW ukusxs ins T.next month. the message read "the members of Deist it(. 'i 1 i.u. 6r f "ant JUU tO KIlUW tllfll, "i-o t yo" and that we hoT,e ou wi!1 e Deinnsev n fhnrnnrh llpVtti" LIATERPOOL COTTON. Livemool. June 2. Snot cotton slow of sale;, prices- easy: - good middling 8.51;-fully middling 8.06: mid-lllng 7.i : low middling 6.41 good ordinary 5.16; ordinary 4.41. . Sales 3,000 bales, including 1.70U American. No receipts. Futures closed ouiet: June 7.81: of circumventing I July s.10; October S.49: December 8.66; ,hen you enter the ring on July I .-"xlil- anr uenine the populace January 8.71; March 8.80; May 8.86. a roart "tV mnmhera fit I pn'lii Jin ,WWo in win I ' 1 mo in summer anu wmw. --- - 2l i "ri, hV the Southern Parfay I r-1 ia ..-1.- - " . J 1 . v. r- V 1U1A. ,v.nnv -.which has been g.antcu a. I .i.-i Prime summer vellow Zrtw bv J. Bryan Grimes, North 7-g7 prime erude 5.2J to 5.50; June rVoroiinft' secretary of state, witn an 7.55; July 7.61; August 7.70; Septem SLi'rinlalLtton-of $100,000. ber 7.84; October :T.1: November 7.SS COTTONSEFD Oil,." New York, June 2.rtCQtt6nseed I'aul Arrin'gton &Co. Manufacturers Cost Accountants autnori v-i.------ wowells, December 7.95; .January 8.00. The mcorpvi - ' 'snn . Total sales 17,300. it. A. D"""' . fcibert- o - i-c - -. ' bonds to Audits , Systems Investigations Pho 217 Piedmont Building Re 653. Charlotte, N. C .ln..,nf distributing "Parfay, new drink of the "cOla" lamuy. rr.1 n1on flf inP CUlllUO.IlJ' have aVup factoryhere to which in? thrtoW bottled"proilct will be fnr market. yl cjj.i... - . nf tv,o romnanv em States will be coven. u. r"Klrm siiw l.m; receipts 964; The company nas o""t-" hinments , none: stock 7 6,tss . .,s in r nitr wh rrw . i a i w r JrXY to the ThieVsmith au"7T ;nv. The company ex SSTto H in operation thinfteto I,IBISKT New York,. June r.lAil. 3 1-?S " bid; second 4s. 86.34; first 4 1-4s, 81,50; second 4 1-4S, su.5, im.u i j.- fourth 4 l-4s, 86. is; victory 98.12; victory 4 3-4s, 98.12. NAVAL TOHEs. Savannah. Ga., Jne 2. Turpentine Arm. 53 1-2; sales- -25GV receipts ai'O shipments 6; stock " 8,184 IJEWIS II. MACIIEN RESIGNS Richmond, Va., June 2. Lewis II. Machen today sent his resignation us Federal prohibition director for Virginia to David ,H. Blair, commission of In ternal Srenue, to become effective on or before June 7. He formerly was director of the legislative reference bur eau of Virginia, and has now accepted a position with a Chautauqua system of YV ashmgton.- i : KNOXVILLE SCOUTS WILL MAKE TRIP HERD JERSEY MILK BEING SERVED AT BELK'S ' ! Nearly 2,Q0C. people of Charlotte have beeai served with a glass of Jer-. .vey milk during the last three days' in connection ' with National Jersey Week. All the milk was 'produced in Mecklenburg county, from cows bred in the county, and was served by dairv? maids t.f Mecklenburg -county. It has been served at booths at central loc-rt-i tions in the city. - - . I Tuesday the booth was at Tvey's d-! partment store, Wednesday it was -iU the TiTcn .Street Drug Store anlj Thursday it is being served from ai booth at Belk's department store. Tuc Lclay Misses Susie Baker and Rob May. rBlack were the attendants at the Ivcy. booth, Wednesday ' Misses Lucile Ho'.' I. and Eloise Reid Were the attendants; at the Tryon Street Drug Store boothj and Misses Margaret Robinson . anJ Mary Black are attendants at 4 th 3' booth at Belk's. In addition to the booth at Belk's, a window display was opened at thi Pound & Moore store on South Tryon street Thursday and facts about tho Jersey are on display and milk in boo ties is displayed side by side with Ht-, erature showing the value of milk as; a food. , . The milk that is being served is :ur;j nished free to all comers by members of the Mecklenburg County Co-open-, tive Jersey Breeders . Association,, which organization is fostering tho dairy industry in the county and ha selected the Jersey as the type of cow best suited for dairy purpose? In th!a county. " . :i ceeding Fred B. McCall. who recently God AlmW T resigned preparatory to stuajm- law. ti,, aii for its Dreservation. Superintendent Harding said tnat ' of the egtab several applications tor te pnncipai-- one tfctng. and it fe ship have .been placed oeiore tne ooara wi - "-ni whiio rrdsadine for - . , - . n 1 1 1 1' 1 1 Bnaciiuun " . anrt win no rnnsinflrea soon. I . , I , , TO THE GRAND "CANTON.- New Yorkv June 2. Madame. Marie Curie, accbmpani.ed by . her daughters, Irene and Eve, left here today for tha Grand Canyon, where she will rest for several days. She will-visit a numkr of cities on her way back e,ast axh wjll sail from this .city for Fran :s June 25i... " ------ LOWEST EVER REGISTERED. Quote: B 3.45 to- bv, -u a.ou to as; . 3.55 ;o 0: F 3.69 to 7u; u ,.od to tvi i 3 75: I 3.80 to 90; K 4.25 to 50; M it to 4o; I N, 5.2a AOv)L-Wa . 6.00 rs'.- ww so- to- r.oo: . New York, June 2. The further de cline of liberty 3l-2 per fcent tax ex empt bonds to 86.06, an overnight loss of 78 points and the lowest price ever rrffistert-d bv that issue, was one of JJie striking . features of tiie JlTSk. ; ftalf . ui liivz ttc9iun tt tw- --- o order in cuite another thins sometimes most nobly inspired, some times most Illy aavisea. lieve the ideal for our country is r sensible blend of the maintenance o the established ' order and the enthus siasm of the crusader. " tUr.t "I want to say to you young men tluU I hope you'll never be called upon tt draw a sword nor fire a gun except n the expression of the customary amL: and respect. And, I- promise you thr while I am President, youli never L' called to fire a- gun except you can ti lt " with the American conscience w.i. which you can answer to God. T do not want to be misunderstood I want America unafraid, but I war. vmi tn heln make a republic of co: science-, a republic of sympathy, and.; reminnt". . oi nmu iuco i. t , " 1 EVERYTHING In High Quality Building Materials About 50 Boy Scouts from Knoxicille. Tcnn., will be the guests of the local scouts in the near future, according to an announcement from John B, Floyd, scout executive. - . The Knoxvill( scouts have nlanned to take an overland trip t Washing ton. D. C, starting Juiy 10. On their vav back to Knoxville it Is their inten tion to camp in or near Charlotte, and hey have written the local council to be on the look-out for them. : The overland trip is offered only to the boys who will have become Eagle Scouts, by July 1. The purpose of the trip is to stimulate interest among home of "the older first class scouts hnd merit badge scouts "The plan so ar has . proved successful, the letter mid.1 as about 15 scouts have qualified tqtake the trip and about 30 pothers tre workinng hard. : " Twe trucks will take care of the PrT- -.onnel, camping and cooking equip nent. The boys will travel in auto nobiles in charge of owners who have olunteered to accompany the Doys :Jicy will cn:i;p out during t'--r stay n Washine-ton. The 4-outc Vviil be W way of Bristol, "laanoke and the Shenandoah Vatle?, . hey w;U return by way of Richmond, .nrhnm. Oreensboro. Charlotte and .sheville. The boys are expected in ' Jharlotte about July IX. NOTHING satisfies like satisfaction. We realize that. We have tried to build the very heart of our organiza tion around the aim of giving our customers complete satisfaction. Have we succeeded ? With you lies the answer. CITIZENS Lumber Company South Boulevard Phones 3472-3473 i ). ': : i Ii days.
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 2, 1921, edition 1
15
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