Newspapers / The Charlotte Observer (Charlotte, … / June 10, 1921, edition 1 / Page 17
Part of The Charlotte Observer (Charlotte, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
1? RAIN- CURB ARKET QUOTATIONS; FINANCIAL NEW THE MOST COMPLETE MARKET PAGE PUBLISHED IN THE CAROLINAS. EDITED BY STUART P. WEST For 15 Years Financial Editor of The New York Globe. COTTON- BOND S LIVESTOCK- TOCKS THE CHARLOiTE-NEWS, -ClfAIlLpTTE,-N.-C., FRIDAY AFTERNOON, JUNE 10, 1921. iOTFR MONEY - t r - "1 T TKT f A TiTXIl nrr.vlr ... ,;r tltL-r oox uvfto b sxcastk-west- ' IU1 1 ULN y U lUi 1 L. I K. R,it Unia wiuv Copyrlsht 1021 , by Xctt rnbllfebias Uri 'Market i Live Stock La I ditions Some Extent. T STUART P. WEST GAS Until the last few days Columbia Gas and Electric was one of the beet held bivcko in tne market, it! wai selling with in a few Oolnta of th hlirn of tVii v node.t f Tm- w. The decline wh,ch started Wednesday.! 'V ri bjwi Pwbilenms co . " uwumn quite pronounced this morn ,.,rip lP-If lip, followed the latest cutting of gaeo- c. t New York. June 10. In to V"ce. jn at least was the osten- ? n' was said by those in a 1Me caua of the movement downward :i i' ..fai nraD e U ttUC tUUUlllVIIS UU J, . . ... ... j m7.iyw . duuiaji" r, ..Mion or the improvement in ai pan or its income from its gasoline hnnif1" " ,'ition would exercise the I """"wss. h 1 Vi.vmv. The rate on call loan her..." was reduc , '.hi" 1 ... "1- and would therefore have no serious write tradlne remained very aulet the chief .;;r5e ot tne -t reSponse to the re- off in consequence of the drop in gasoline, feature being further, liquidation o?. 'TS wine in the weekly bank These same people were authority for July contracts. The selling seemed to lentviallv in mat OI Hie ,rw i iic"icm mai nxc cuuiytmy wua ill I V i Vj ,uii)..i.b .w. i i r n .ill!.. n i sum -wan rpsuuieu ih- .vu,tti,K -- Union - Stock Yards, Chisago, Jane ..p. On the Other hand, it was anlfi fn nuoy. ed to ix per cent t?rB close to the inside that Columbia or was offset by improving crop con- ,.ativ( reduction with tne u? "as carrying no large inventory amons m tne soutn. At any rate n.r ntmtf BlftrPR- rt IBiT lea lire. I vvaij;-. '-vc " 'rent ! Labor Row Does Not" , , " ri- j. cessions. On the rcfluccd fiivl'iah-.t trav. Prs Gf vnfavorable turn .. In side of the Prc!n marlsst, tewrf lv Stimulate Trading. Utah &Pp? 'fi ?rlhV fV the Eprinsneld yesterday QUlry fi.6"., By STUART P. WEST. uStid Btatef Bteils w.r. . fwoanSny 1, ,-s at the ; oda v. F Cecals wro M M the principal, j pastern and Staff Corrr.pondent of The ATf. i Ame'lcsn Bmeltln. Hials ; n':ir" t o -Tnoi, th ndvnpoo h"t the western markets did not maKo buy era New York, June ! Obliterated re- S??t 0PinUSin Hi Vjf Wft tf&j'orStt&l&VroffiSl UH- f-Adt C9rRSeTtilnro aekwaere cattle. ii, v, k. nv Sraii Aianmintr.,! London lorie.ieu w '"l"u,,J praMe filling' weather. ... nnttln trad wan th usual Friday ("Curb Market recovery. rjreferred shares Foreign exchanges continues to hanai- varlety comparatively light receipt of " - . . . . - . I BUI iiu JLXI M.ill LJ l-M 1 -.. V i.ku. i'CI ...inn money. But m part also b uup proportion m tne general "Jr.4"-;iV.7. ,-1 -.an"'"1' ,.,,lt of further curtailment marwi reaajustment. COPPER reserve bank. The rise very strong financial position and their tne some wno naa soia jeswraay, view oi tne nreaiv in tne sharps wa.i - .ugst.t.u iui i '"6l that if was sinmlv a case of stock hav. long lines were selling out. Ihe con- a rime. MDllitntlB. Wnat WOT iBQ. 15a. 11- I 1 m It A.I rlanmnil 12a.it h.avnfl -nr B I cr r A (1 ya.iin.B Mriflv Vtlnritip Oil If W exporters reporteo a siow uemani frBrn 107B to 1200 poi pressure at nolnta hlbal purchases from the country CMh U8.86 with th rank a Increased its loss to noauj nve pointa ;m,.m. were unehaneed. Ship- siiinr Bt 7 to 18.10 and American MUgar reacteu c o-, r"i --'. miti. Rfteeints 1, 7 p,lV.. Halls, especially tne coaiers, were muu 'street and commercial loans. igest position than a year. .'" bank in the strons ";! ".vurkd more tha . I'AS -lU1 ' l.fl earlv new croD months, without caus lng much change in differences or in the sreneral rulinsr of tirices. People sold October against purchases of July Allis-Chalmers ratfilv BtrOTl 17. The closin was heavy. Sales proximated 750.000 "hares. AiiiW lUitli. STOCli. LIST. Lat Sale. ap- 32 I - ti.i. nitr.t within thp next week. I ana shlpp A little further .u.nv T'.v. at SO and S2 points and thre seemed American Beet Sugar .JO 1-2 The movement of corn continues heavy 1 and medium butchers 'old within a -. ,utle turther selling came intot;tah tn h. -,nrh ,Mttrin. demarfd for 4m;l; .-nn 27 1-2 1 ti,i t.tr with thn tioor cash de I narrow range of tS.25 to $8.85, . the holdeVs7 th divid n.w . crops to absorb tne -oner ins Amer can Car & ounory . . htiand Is ( wunm a comparatively nurrow range. American Hiae pj-u- The market opened steady at a de- American International Corp. cine of 2 to 4 points and during the American Locomotive middle of the morning sold some 5 to .merlcan Smelting & Ref. . . 8 points net lower, under a flurry of American Sugar scattering liauldation in Southern of- mot-an Rumatra Tobacco .. ferings. This.- carried October; off to K rnerican T. & T 105 5-8 13.31 compared witn n.n tne mgn American Tobacco &ec point or Wednesday, i.os tne low i American woolen .. . and file of steers It on n technically nine rlamnnd was moderate. 1'veceipta I atfiajv basis. Calves continued. in KoOil are of fair volume. demand, packjers buying their usual Corn continued to Grag out mere ap- quota at ast.z.i to 5t.,t wnue ouisiqers tiftared to be better support to the July, paid over f 10 for a - few selected Vaav in thfi nearbv cle-1 vealera. that . 000.-1 Ho its onened 10 to IS cents hlffher 000 buBhels of corn will do- loauea out ion an active start aue in speuutnive weeK. i una snipping aemana. rrime ngnia 50 I "i'icn 1V0U hi' . ji.i'iunt ra imitated by ' ft" ..? th.it the New York instl- ?id holders to the dividend cut which U s 1,1 toon announce another cut a not had time to be widely known tes, ana mat mis acnon i .. vivoo uunnras i.s. u;guu the federal re-fvhn this selling was over, the stock was iar- I inclined to rally and Anaconda and other an-1 members of the group developed a ben.- was- r' ' ' osrt ot only by the ter tone. The statement by the chair fcur.rttt'';1., foan rates but in the low- man of the finance committee of the Utah inf '.tTtions on commercial paper. Company that there has been substantial Il-f ."'wiine' was particularly sig-1 improvement in the metal market since J level of Monday, and 13.95, the high j Anaconda Copper . a Tha wnth. I latter flerurei belns' the too of tha mar fil .-tX f-r th rowinr crop and ket, while eood heavy butchers clear- & J-l . V. I. maklntr rapid ed at $8.10 to $8.25. Heavy packing 83 rV grades met with a slow demand. 3S l-xi"? . . : nru f.tura there heme no active mauirv irom tne us" ,"; "rj V mnrtrt 7ash demand I close with many hogs unsold. ed receipts and ; a moderate cash i fernana muttonB were In weak demand are Dear jaewn wnicu h-yt 4f700 jambfl out q thft toUi 1-8 r. 1-2 57 8-4 73 1-2 88 1-4 run it was precisely the same I the closing of the properties April 1st price touched toward the end of last Atchison 73 1-2 ,,,, of nuns i" . the fejerai re. had a bearing upon the market for the in. some eastern belt sehtions, but Baldwin Locomotive .. ;0 the ,aSt ri( npr ct.nt copper shares in general. otherwise weather conditions in t'io Baltimore & Ohio ,rve rate to b i-. j cr . South were considered generally fa- Bethlehem Steel "B" .. ' & lh( stl rhll ine and n accom .LLIED CHEMICAL vorable." Whether an improvement will Canadian Pacini .. -t .u : Tor.K t'ank showing ana in accorn ax,iiu lnJU141' be maintained durlnsr the summer re- o-ntmi Tather .. . : .1 was - consigned direct to local most 01 tnem being ..'. t nn in money ana uis- was iumisning an tricrntfin. 1 vucunv.ai w ,nc vi unc ln certain directions mere 1 nitii iuuu aemiig nu uet-u 26 1-4 76 38 52 5-S 110 7-8 35 1-2 mains a question which is rendere-l I Chandler Motors . . .... . . 59 1-2 dore serious by the prevalence of boll I Chesapeake & Ohio 08 1-8 .. : 1 . 1 a . . J ) 5fF: r .( more eff ective buying than ticularly heavy because of the proposi- ??v& e ported inabilitv of Previous day. But even tion to place a large load of new prefer- -d f the reportedinabilit of itre ''t!,' I'liflv and caused considerible mon. On account of the extended short .e r.i-i , -ort TL-hi-h 1 interest, the stock was bid us rapidly on in cultivation. fertilizer, farmers expens-j Paul -tl". tmK. i:Sf...r.i - v-r n shock, has the news that the executive ... -..tn 1.1 iiusii ' . 1 1 , ... . . . i . j- "n-rir down so continuously, aoes CH-inLOTTE COTTON. j,h- mend. inere aro hwj f accounts -which become so under fed that they have to let go even of , r!tips of unquestioned rank. It was wlHng" of this sort which ac for the weakness in some of tha v committee next meeting on June 8 to put the stock Receipts todaj, iv bales at on a ?4 basis. IV EW YORK COTTQJT. AMERICAN WOOLEN So much has been said about the ac- New York, June 10. The cotton market was very quiet early today and prices fluctuated within a range t rr" trip wcanii-3 it w-fw w . . . ,. . .. . i hiiii in ii-r i j i ' .i r.f.rrd stocks and which ex- on or. American wool in. tne market - . .int Liverpool was rel : the heaviness in the general bonri that the 'Wioviag iL- u.,fyi;-! atlvely easy, but reported continued BlALlLlLAl UVTU-Xl. LU1C11 L. UL U11- J M. L11C aCL&V.C I -S .-.-.-.4--. Chicaeo. Mil. & St. Chicago, R. I. & Pac. .. Chlno Copper Colorado Fuel & Iron .. Corn Products Crucible Steel Cuba Cane Sugar . . Erie General Electric General Motors .... Goodrich "Co Great Northern pfd . . . Great Northern Ore ctfs Illinois Central Inspiration Copper Int. Mer. Marine pfd . . statistical department of one of the large lft-0Vt f- 9riv endiner of International Paper ... .. . j I RrnaHwa v wire. hnup ia vprv Interest- I P. . K. . ..l n -i ml u I Tnunt Pnnrar .... That numerous inir. The letter savs In part: -At the -Vr",ii" , T;ff h,r Lousville & Nashville PIiOUk III LVJ 1 dill i. I " " . - . - , . I ail Uliwu -1-----c . -j - - - July Mexican Petroleum ... off Miami Copper ist Middle States Oil r- Mldvale Steel , fea- I Missouri Pacific - , . i 1 1 . . . J 1 . - . , ' X . T nnn . a tm I TVJ an. V IT I'PWTrB ... - - ,. v,o . eoruary mere nan uecn a. steauy i cure ana me onivi uc vuu u a.v . irdened to tnese " BU1"" OTOVemnt and plants are now understood ruled between 1S.32 '" T! e ma J" .""U-i- to be operating at 90 per cent of capacity the early trading. ,nri were enuuKii nw I'"'"" - i j .1 ;..- I , Uttla flurrv :.'ifr.t forced liquidation to encourage i ..n;. V v,o. -i- -f io9ti nri I lirmidntfnn and Sdnthem selliner to- Invincible Oil tyn , i i out warps z i- uer cent eaii.v iina i niu uiiuuhj . - . . . , W.tii exception or iviexican - Is a result American Woolen was to 13.31 or about 5 points net lower, fan American reiruieum stroke again on the apparent check ear. tAsnm!sutama prices at its OtherwisAthe market showed no fresh Pennsylvania negotiations for Mexican recognition able to name attractive prices at lib atuaVd general Business continued People's Gas ........ . 1R was little connection neieeu - nts and the news ot tne aa. ..j.-tvd prices io V..',! cunnort was quite as evmem l was sieaay a.t a aecuue ui umj rjrr.r.t.at surpori mu strollg. ca8h position with cash on hand Doints. There was a renewal of May as at u-- of J16.310.000 or S3. 209.000 In excess of n -tH.tir.Ti whinh nt th nric t ' f"11''11' ' U'L?.V i"cii, fr k. all current liabilities. Result of opera- to 12.52. but it was absorbed agair ijcourts were '"i","'"'" tinn riiirtne- th first ouarter was com-lal nf new frnn nositions. Othei t-5MUent tirtving down OI Prices. ueii sir, th und of 1 wla thc wUH n nutHnl tradine Norfolk & Western of local I Northern Pacific . . . & Ref. .F ; ...in 1 I iMr-ir alliat witn lllSt anfMlT. enOUEll I rillSDUIK OC v. V a.. . Air i, a ti. Tr.r mr.r!Tn I , i khv i nn) ins pii v . i , i , i , it l ,11,-1,1 i- tii v anH It m i with thp. samfl I U U V Hit 'i"J " "- " ..v.. . r Ordinarily it might have been supposed saes American Woolen absorb sales against purchases or July. Heading t' snirit of conciliation between " 8P"2a The market turned easier towards Rep. Iron & Steel :';. nflc'als and union representatives should have cifflcult m earning trom middle of the afternoon under Royal Dutch, N. Y. at vest, rday's proceedings before fP"" utklrh of V94 were 143 - further scattering liquidation and Wall Shell Trans. & Trad. ... hoard would have helped the rail t h, e ncj? be nreciaUon of Street sellln' which was supposed to Sinclair Con. Oil :; ,ck, put as a matter of fact. 377.000. A lo per cent .wreciation ot reflect an unsettled feeling in the Southern Pacific V- ?f ,,; not a5 weak as many inventory would cover both preferred and stock ma.rket. Southern Railway ' 'it 1 Vre t' ersisteniy sold common dividends. With its strong cash StOCckLoE NEW YORK FUTURES. Standard Oil of N. J., pfd s!:.'a'..u.5e-r' nt ass., position American Woolen has been able Nw "York. June to. The cotton Stulebaker Corporation tor wool and yarn." I flu tn ftt! 'rtr mns in the montniy tonnase livp- lent ot tr.e sieei i:uii,uiaiivu, -?t:.p total unfilled orders to tne wei flirt in more than two years, was follow- KfiY a better tone in steel common Ana i"K of I' "titer steel issues. I .. minh nf the, Mexican Petroleum stock I utarrh if a great tieai oi snon r? . rQh Hav ia ri MEXICAN PBTROLEIM VOLUME Efforts were made today to learn just ;w much of the opened i rallied still more briskly 12.35 13.13 Closo 12.35 13.14 It looked as This has been an interesting dues- ) thonftt.rnonn. tlon in naa oneei iui sv Al HIV mfc- - - -- -- i.ir.? off substantially higher on the ont"u lav. Whrat options moved in The op- etr0'euj ir i: manner. They rose rapidly m the Jf.000 s 'Vfr.irg tnea recoiled on rcjiui is v '.tr wtather in the southwest. The floatins supply of Hexlcan etroieum is supposed Ho be only about shares and this amount or shock is traded in in a rousing mancet every day or so. I t was said by those in a nosition to Know mat prooaoiy iu.vwu market closed steady. - Open High July . 12.5S 12.54 Oct 13.35 13.35 Dec 13.84 13.85 Jan 13.92 13.95 H 14. Z'O 14.' NEW YORK SPOT COTTON New York, June 10. Spot cotton quiet; middling 12.50. 13.99 14.00 NEW ORLEANS COTTON. Kpw Orleans. June 10. Gains of 2 to 4 points were made during the first call in the cotton market today but CHICAGO POTATOES, 10. Potatoes, Chica?o, June new. weaker. Northern white 7 5 to 90 cwt. Virginia i . to 5.00 barrel. Ncr.h Carolina 4.50 barrel. CHICAGO PROVISIONS. Cr.caeo. June 10. Rutter ?raTorv firsts 25 to 29. fl??- unchanged. Poultry. alive unchanged. old, itimri chonn of thia small tloaline I the marKet soon saggea unaer repuuo ...i.. ..,,1.1 Kc oo i.l not to I'umn on the I from Ensrland Indicating that yester- market at all which would leave the day's rumors of the settlement of the Tennessee Texas Co. Texas & Pacific .... Tobacco Products . 13.63 13.63 Tobacco Products 13.71 13.73 Transcontinental Oil ., Union Pacific U. S. Food Products U. S. Retail Stores TJ. S. Ind. Alcohol . . it. . s. Rubber U. S. Steel Utah Copper Westinghouse Electric Willys Overland Pure -Oil . Atlantic Coast Line . . Cnea Cola Gulf States Steel 26 31 23 1-2 27 fi4 1-8 61 1-4 11 3-8 12 5-8 137 3-4 7 3-4 34 1-4 66 27 1-2 89 1-2 32 1-2 50 1-2 56 3-4 20 1-8 103 1-2 2 3-4 132 3-4 21 11 1-8 24 1-2 19 5-1 67 1-2 16 3-1 93 67 5-8 14 2 51 34 1-4 47 1-4 28 13 66 3-8 49 1-2 55 1-4 . 42 1-2 . 20 3-4 . 72 1-4 . 19 1-2 . 106 5-8 . 70 3-4 8 . 33 7-8 . 21 . 53 1-2 . 53 1-2 8 . 115 1-4 . 18 1-8 rrop changed. . , ,. . killing houses Trade in provisions was of Southern Oria-in. The, run haa been ly to lard. .Cash interests Dougm. too' heavy this week and packers were product and tnis gave me """able to force values of spring lambs tone. off $1 to $1.25, the best going to kill- era todav at S15.R0 whll minor traders Chicago. June 10. w neat P1"-" put a top or 12.75 on the native result of free buying on me iiwi hmieac! Trith hoard connections. Corn opened at i-i cent oeuuic w shade advance off. CHICAGO LIVESTOCK. Chicago. June 1C. Cattle: Generally rat Vtartei a shade to 3-8 cent steady; top steers 8.85; bulk 7.75 t( Oatb started a sniue to o g.50; bulk fat she stock 5.00 , to 7.00 &fcn?ivSl.e markaln SaVC 1 3.a7n5?erDolgna Tufl? nfo, hTJl wJr,iS unsettled at 1 to 1 4.85; butcher bulls 5,50 to' 6.5; bulk veaier calves 9.00 to 9.7 &; stockers and Br STUART T. WKST Stiff C'orrHpoBd-nt f Tlie New. Coprrlgbt 1921, br X9ym PvbUthlnx Co. New York, June 10. Business was almost at a standstill In soma of the leading; issues on the curb today, and the tone was easy. Commission houses had few orders to execute, and the , n.nlTiii1 Alamnt- In its ClTort to locate vulnerable spots, finally turned Its activities to tne. minina at tacking some of the issues which have been active and strong features . for me. time. The. seiung starter Croesus and became quite generj. causing that stocjc to snow a iu 42 cents irom no ms Jwr,. 7 There was little support on the de cline. This disturbed In otner snares which have attracted an ouwe lowmK and resulted in pressure b.k.h.oi National Tin, which touched the new low point at which the recent -upward within a few, days, the advance of a mn.th rvth minln? Issues were un- IllVll.lIl - W . ...... . . . settled by the action of these new lead- et S . . . 1.1, m a d . MaracaibO, Wltn omati upimu, thre feature of the oil group. Carib Syndicate was steady and the others , were timet, moving over .v.-. tlonal range. Zapata Prodclng pre-. ferred was again the i.e.aderof vfS low period shares, touching Its high record of yesterday. There were ad vances in tne Dia quotations iui t.uc Inactive Btanaara una ai tne uv later these bids were withdrawn and the quotations were easier toward tne close. . 4,.,;" Moderate onenngs in uien Coal caused a fractional decline m that stock. United Retail Candy con tinued comparatively neavy, annuus" dealings were small. There was a fair demand for Union Carbide, Swift artd Company, and wooy, iviciNeii and Libby shares, although price changes were small. Profit-sharing, Sweets Company, United States Steam ship and some others held about steady. Bonds were quiet with quotations about unchanged from the previous close. . 1f Wheat closed unsettled at j - cents uci cn.1 v auv.v. i f k closed steady at thP same as feeders strong. yesterday's finish to 3-4 lower, CHICAGO CASlf GRACT phair .Tiin 10. Wheat. No. 1 hard 1.66 3-4 to 1.68 1-4; No. 1 mixed 1.64. Corn, No. 2 mixed 61 to 62; No. 2 ..lln. 1 to fi i nats in o. z wnue 00 0-1 w " No. 3 white 35 3-4 to 36 1-2. Rye. No. 2, 1.4&. Barley, 64 to 68. Timothyseed. 4.50 to 6.00. Cloverseed, 13.00 to 18.0P Pork, nominal. Lard, 9.70. Ribs, 9.50 to 10.50. Hogs: 10 to 15 cents higher than averages average; opened active, la ter siow; top s.ss: bum s.io to s.30: pigs mostly 10 cents hlsrher; bulk de sirable pigs around S.26. Sheep: Slow, weak to 25 cents lower; top native springs, to city butch ers z. la', buK to packers 12.50; few good tzu pound native rat ewes 4.00. ..1.36 1.39 1.35 1.36 . . .1.19 1.20 1.17 1.18 rmrAfiO GRAIN AND PROUUCE. Opsn High Lew Closo WHEAT July . . . Sept. . . . CORN July . . . Sept. ... OATS July . . . Sept. . . . PORK July LARD July ... ! Sert. . . , tubs July .. Sept. . . TAR HEEL BOY IN SERIOUS TROUBLE 61. 62 61 62 62 63 H 62 62 37 37' 37 3714 39 39 39 38 17.60 17.0 9.80 9.95 9.80 9.85 10.12 10.25 10.12 10.20 10.25 10.25 10.17 10.17 10.50 10.52 10.42 10.42 STATE FEDERATION NAMES ITS OFFICERS Wilmington, June 10. Mrs. Sidney P. Cooper, of Henderson, -was chosen president of the North Carolina Fed eration of Women's Clubs at the an nual convention being held at Wrights- ville Beach. She was unanimously ser lected. Mrs. E. C. Michaux of Greens boro was elected first vice-president: 'Mrs. John Gilmer, Winston-Salem, sec ,ond vice president: Mrs. W. B. Parham of Henderson, corresponaing seucio and Mrs. W- 3. Ramsey of Hickory, auditor- - ' The only contest of any interest de veloped over the selection of director to the General Federation. Mrs. Pal-Tor-ma r nf "Rnleitrh and Miss Mar- New York, June 10. ConfliM Infhi- ' Qret riihson of Wilmington were nom- Z7Ze ork ln i.thft. b5uha mar'inated from the floor. After one ballot ' m Iwas taken. Mrs. Jerman withdrew ana j Bond Market 1 By STUART P. WEST Stnflf Correspondent of Te Nefra." Copyrlsrht, 1021 hr News PubRvhlns Co. ket today. the easing of money rates, which nor mally would have counted more than any. thing else. On the other hand, how ever, there was a persistent weakness in stocks, causing a Rood deal or ivn'oaumg of bond3 by people caught In the de cline, an dthert- was the depressing in fluence of th continued heavy outpour of new securities, moved the unanimous selection of Miss Gibson. , ' At the night session, the annual award of cups was announced, Mrs.' Hannah Allen Ives receiving the cup ffor the best poem written during the vear: Miss Susie Whitehill. Salisbury,' Even before the new government find; the Joseph Person Caldwell cup given Mew York state financing the market I by Mrs. Gordon Finger ot L-nariotte Ei 2-iA"A ! SS' 8S Sift ,J --n I close to sixty thousand 60 56 45 7 3-8 26 1-4 83 27 31 1-2 6 35 1-8 106 in a more or less contested state, owing to the too rapid bringing out of k syndicate offerings- But - this congestion has been materially increased by the Sii00.000.000 United States note' offering and by the $41, S00.000 New York bond Isf.ue. . . . . The net result of these factors in the tiading of the day was an irregular price movement with a sagging tendency lower; FOURTEEN TRAFFIQ VIOLATORS CAUGHT 8 Fourteen violators traffic laws of vesterdav. July traded up to 12.18 Virginia caro. tnem. and" sank back to 12.10. American Tobacco ... . rit.iU4 n,itiir ronnrtc from rpyas Amer can jinc noted verv heavy rains in that state. I General Asphalt .... . . 55 v7 ctatfona nut of 39 renortine being .t whilR 10 stations reported rainfall MONEY AND TLX CHANGE. of from 1 to 2 1-2 inches. While this New York, June 10. Prime mercan- Lynchburfr. Ya., June 10. Thomas firav. of Elizabeth City, jn. c, ar - o I rootcH veQtenlav in connection with I nredominatinff. One notable exception 1 I o 1 -' J . . T T I: .1. i:w ... o 1 O n,hlnh 49 3-S I the piurder or watenman J. J-. l,,c ."uc"J x - .u.... . i . i 111. AnnfacGDri TO I HI Olie lllllt? YVCIC uu wvci a. fvitii. v.. at UliariOLiesviue. way m thor. thru ont from having set fire to the Hutter warehouse r"Vt low. The fact that-the re- here the night of Mayi 27, after havin0 covory iias been quite as abrupt as the robbed the office, according to the au- ci0CIine. indicates that the latter was tvior-itioa Aftpr losine his flashlight reused bv snecial llouidation which, hav- the boy struck a match to nna nis mg ceasea, was louowea ty a prompt v-av out drotming the match in hay. rally. ' v.-ay out, u"jy-u"' other liberty issues were unchanged or ri oo n flZR was suun ire.vuim mo i nearly so ana su -were iimji i"iqi(jr "r V u t.x I . xi I II V su ilflll 191 s.s trol and he went to a caie across me fi1rnnt bonds. United Kinkdom 5 .1-2s YORK PROVISIONS. Nw York. June 10. Butter easier. Efr unsettled; freih gathered fir3ta to 21 1-2. , Ch-esf- steadv : averaere run 14 1-- of . ... I . A . 111 1 .. . a P. . I ill. .- C 1 ' ' 7 A . .ummnndH to Kppfin in- taurciice was acceptea as n.ci.v m "-i"c iue ubuci u a- " WCie ouimiiviivu vw . - I ..ii 11 It .11, mora TT.,,.V, otrono-- ctorlincr Kfl rt , . . ii,. "nnl-in vicllant'P I DOll weevil tuiiiyiitiiui, it un iiu mui v i ii-vuimns c onvai Jones' court by the !0L-e wpance steadv the market. Toward 11 bills and commercial 60 day bills. rnmmlttee ' 'Inursaay jiia.iuu.i uuu Uiv nHncs werp a to 5 noints under I hanks 3.71 3-4: commercial 0 da niht In court -Fridi morning the I th . -, of yesterday. bills 3.71 1-2; demand 3.76 1-4; c recorder again demonstrated thr.t speed-ine- and carelessness in observing traf fic regulations is expensive business rru viiriianrp committee, deta'-.ea lor '. Live poultry weak; broilers 30 to special traffic duty by rolicc. Chief fowls 26 tn 28. Orr. will continue on the oo Jna '1. Spiiinn- hftcame ereneral on the pri vate bureau semi-monthly condition report, showing a gain of three points in the last fortnight and offerings in creased further on reports of aggres sive movements against each other on the nart of Greec and Turkey. To- Lrcsspii nnniiri- oaoior- wstt.rti J onucht soeeding oi I ward the close . prices were 18 to 22 s - ic m.phinps with only o tc neaa poinu ;h.-k--ns. boxes 24 to 50; fowls its under the fini prices of the day Sl'Ctn MAflKt-lT. N' York. .lurie 10.-s-Raw sugar 'J,"t and nn, ha'i?P,i at 4.25 for cen- .KefinM quiet at 6.25 to 6.30 granulated. driving maenmw v ; "J'-.,u with Julv off to 11.93. without a tail .igm, NEW OHI.KANa. slOT C?TTON Ut Iiuise I v, A-ot time 1ft Snot cotton sales on the .- spot 450 bales; for Hcrht. or a rp m akinar an undue aiuoun jn ir, ) tori trt attend coxirt. I atAndv: - n.. n.,mn.ATiiid T-i cum if f ixud.v v.,To arrive ill,. - .1 reedtaB or viclating other I W middling 9J)0; middling 11.50; gooa miaaiuiK Reoeiots 4.191: stock 458.624. CLOSE NEW ORLKANS FliTURE. PEACOCK TRIAL IS NEARING ITS CLOSE Winston. June J. The case ??a;r.Si ,r j u- veHrncif, on trial tor th.: n uroVr of Chief of Polic ' E. Taylor, is expected to reach the W-s cf the iurv Lite this afternoon. mtroi.'uf tion of evidence wis concluded Thursday's session f tho oourt and rpi-or-hrs wn !u ard. Soliciccr J. trafic ordinances were Ike niel Hai- T,.ro,r T?or TLamscur. C. J. iathey, vV T --rv Turner, Claude Tucker H. H. Sawyer. John Nins ne gro; HT Godwin, F. D. Walter v Clince Adams, negro; Roger Craver, and Burt Lenies, ntgro. COMPLAINS OF BIG BOOTLEG COMBINE ables a 77 Francs, demand 8.00: cables 8.02. Belgian francs, demand 7.98; cables 8.00. Guilders, demand 33.05; cables 33.15. Lire, demand 4.92; cables 4.94. Marks, demand 1.46; cables 1.47. Greece, demand 6.06. Sweden, demand 22.30. Norway, demand 14.70. Argentine, demand 3.25. Brazilian, demand 12.87. Montreal. 10 5-8 oer cent discount. Government bonds irregular; railroad er bonds easy. street. Later, wnen attenuon j ot 1937 were heavy at their recent low called to the fire, he turned in the pojnt of 83 1-2 and Belgian 6s were -i H-nr thu confusion, police I dfnressed bv the continued weakness in he told them, he robbed the cafe franc exchange. Mexican 5s came down say ne toiu mem, sharply, because of the; insistence by thi Mexican government mat recogni- tkn by Washington must precede any t'patv netrotiation. Ppridinir the determination by the New York state courts of the validity of the soldiers bonus issue no action was tanen rpon the conditional bid iot tne ten rvii'il ion- dollars bonus bonds. The remain lng $31,800,000 was awarded in block to a syndicate headed by the National City roh register. t .. ot thin fir- that Firpman Ro av I J.L ivoo oiv ""o ... - ..- w on bey was electrocuted. y CANADIAN RAILWAYS ARE TO LOWER WAGES for the best composition of the year and to Miss Pearl Little or iicKory, the music cup. ... The feature of the meeting scheduled for the day will be the report . of the resolutions committee, followed by a meeting of the board of directors and. the executive committee, these ses gions to brinsr the convention to a close.' ROBBERS FAIL. j i Pittsburg, Pa., June 10. Robbers, this, afternoon attacked 'James Ned.' assistant superintendent of the Boggi and Buhl department store, and Wil-J liam Stagerwald, another employe, as, they left the store for th bank witht the morning receipts. Neel was wound- ed and on of the attacking force w;is arrested. The others escaped in an au-1 tomnhilA. -i Montreal, June 10. Canadian rail- a sy ways, following the action of roads cAyTQ the bonds subscribed for across the . bonier, today took prelum- wag g.yen out thAt fylly haif the nary steps to cut wages 12 per cent jf su0 wag taken within an hour after the julv 1 and later to revise working con- opfnin? 0f the books this morning.: ditions Railway bonds as .. rule were inclined RorrPipntativeS Of tne Various wuur lO worn iuw, Kepresentat in. l"B mti hfre hies Norfolk and AVestern convertibles hoods were requested to came here bies noint. tjnltn Pacific irridnv for a conference at wmcn tney "".1:. V.r. hM'iiv sold from 82 to Charges that TTTa iiirff-ton. June 10 "certain brewers" and men prominert tohiJ cltv financial affairs have or- wer nnnnorl the !i iriir.inr lor the I 1 a o hontlpeaers trust vvu.0.1 tate ami 1,., 'I'moi-v 5" tvido and has rnad? ffo ; Z:v"1" " ffrfom.nt extremely difficult rules -orsanton, both alienists, 'was iiuro 'uced durlne the dav. both declaring .at 'n their opinion, "the physician waj ''it! at t ip lim of the miinlpr "inPr itnooo introinopit hv Ihe state during- the day were Archibald '""wn, editor of Hharltv and Cnll snreads far The testimony of n, t zr TTnll. of I j ,oV hfnrp the House Richmond. V. i' "rV Ta lor. w.vne B. Wheeler, gen- ..... . I . . . - - eral counsel ior U "Vh'eeTer appere. in support g 1 i t of Chairman olstead or T.ne .C"T:: oommittee for a special tne juuijr and DrohiDition ruie to Bi "'r, "-v.- f - v 1r the tightening up du s - - "diourned r-. - ' - ' ' l will, .v.i ' ' fl lltllil-Oli.i't? Mr- - , , . J"fti, Dr at t 7.- 1 .,;nf.nnnt I -. I.., tKa rimmittee ,,fT, nrsici, supn imicuuv.i.vioujj uui -" ----- i,o' lotion I Thompson Orphanage, both of when ntli next week without taking action lir w,ng witn tne meiiiamy M Th league "''"l' V j nn,mr trusi . rntlnnl. vVa . . i . . 4- n a m-i 1 1 tJK iiu m . - - tinff. w: rv- v;;; :;r , nto details. HitU 1 A "cJi uiicii taiiic Jii wnv"". 1 a.fiu uiu uvi o ... , they said, and their oDsar- r . T nni) UNCOVKH rfjAt; vh. Nw Orleans. June 10. The cotton market closed steady at net decline of 17 to 22 points. - upen nixn July 12.12 42.18 Oct li.'J Dec 13.38 13.36 Jan 13.52 13.43 March 13. fc- . 11111.3 tOJ . , V1 J - Tim. loana firm : 60 days. 90 nays, 6 1 ,. i,a ofRoiniiv informed by officials - . . . .1 VTlil .i..V T , of the Canadian Pacific ana ranu Trunk of the proposed cut. Low 11.93 12.72 13-16 13.30 Clost 11.P3 12.73 13.16 13.30 13.62 ifeu,harl been that was in natural - mma. REAMER FOUNDERS: :1ANY ARE DROWNED He Ath ens, June 10. Many lives are be- ofv to have been lost in the sinking HfW eek steamship Bouboulina, ! d in ,uas slruck a mine and founder ki'n.th,5 Aegean. The Greek battle- frnm mnos ns arrived at Piraeus result SOVIET REVOLUTION Vmcovered Thursday LIVERPOOL COTTON. Liverpool, June 10. Spot cotton quiet; prices steady; good middling 8.80; tuny minuiing o.iv, . mmuuns 7.75; low middling 677 5; good . ordinary 5.50: ordinary 4.75. . Sales 3,000 bales, including 2,700 American. Receipts 9,000 bales, no Am erican. - Futures closed quiet. June 8.I0; July 8.31; October 8.66; January 8.8b; Alay 8.36; May 3.03. LIBERTY BOMW. New York. June 10. Liberty bonds! closed: 3 l-2s?; 88.70; first. 4s, 87. SO bid; second 4s, 86.84; first 4 1-is, 87.90; sec ond 4 l-4s, Sti.94; third 4 1-43, ai.au; fourth 4 l-4s, 87.14; victory 3 o-4s, 98:40; victory 4 3-4s, 98.40.; . ' ; COTTONSEFJ tMJj. New York, June 10.- The cottonsede oil market closed steady. Prime sum mer vellow 7.00; prima crude 5.0; .inn i 25: Julv 7.50: August 7.58; Sep tember 7.69; October 7.73; November 7.73; December 7.79; January 7.808. Total sales 15,-00. mnnfhc K nr Cent. Call money easy; ruling' rate 6; bank acceptances 6. LABOR FIGHTING PULLMAN PLEA Union Chiefs Ask Labor Board Not to Consider Wage Appeal. aay wirlt. sTORE. nnah. Ga.. June 10. Turpen- to 55 tine firm, 56: sales 250: receipts 33a, vet- joflr 7.267. rlosm' flrmT-l" i: receipts 916; . 1 fnflr 77.30s. Quote B I) 3,75 to 80: E F 3.75 to ,.JiM-.tJ. w 3.75 to 4.00: 13.90 iint K- 4.30:' M 5.00; N 5.50; WG 6.25;' WW 6.9Q. convertibles were heavily sold from 82 -to 81. and Baltimore anu umu unvci 4 l-2s were off a fraction. On the other hand. New York Central debenture s held steady and so did Kansas City South ern 3s which were tasen m iic aiuwuU,a SILVER. . , New York, June 10. Bar ilver, do mestic 99 3-4; foreign 58 ls-2. -" Mexican dollars 44 3-4. . . I ,"; ,mnnvpred Thursday as :i tionary plot covered 'mum,, .J: "... - ia lender in sweaeii. x er - witn two passengers wnji duwiio .niating 400 ifelSn lCkecl UP- Details of the disaster also were f"'1 fen who will e lackine. f holshevists staying in oww I J A- I If tilt tut; Arrested anu Ww!,s',June 10 The mail packet try, it i 'h a which has been sunK m DISASTROUS SPIlL. June 10- f 1 'lift At ' ivaa dcii ouua I 1 .ger, eean by a mine, had 34-0 pass- an "a a . cr!". GI aflarwille. Ga his car, To kb worth $2,000, ha the liquor, said to be .wort .rf . After bono had 'i overturned. ---nr,i. cau . v"w , ,nj,v. a man giv6 " ::t own.j.' England, in 187S and WW jrrested ana nis Sie iwuuuuiu, jui I " . ,1 ! Aths dispatch to the radio L.SSTntSunini bottled Jn neriy tn i built at t and wb of Speaia. 22 f 1. -'- i'jiik anu uu n. i Vonnrt from a.V fcet- The retrister-d tonnaee was bile was bound from 1A ti.. , merTouJ'"a 2-riy the 5rrtTrseven miles .east j w ' ' : 1 1 1 1 h Kno whs n n 1 1 r. u w . . . M aivinv ; I aa HMry Jliw""' 1 . ,ni - 22 .'.M loK bd a ba' ef.r. ".S Vorri Savannah to Ma- A LARGE CAH410. , Toklo. One of the largest cargoes of shipbuilding materials that has ever reached Japan Came recently on the Inaba M&ru, a Nippon YUsen Kaisha ship from England. The ship carried 3(000 tons, including heavy boilers, bulky machinery and dther kinds of shipbuilding material, and no sooner had these shipments eon checked in by Japan's ambitious naval men than they were uped to naval yards and shipbuilding works to be put in the various vessels now fanned. ' MULE. AGE 38,, GOES INSANE. Maud, Okla. W. H. McElroy, seven ty-nine years old, living near . here, claims to own the oldest mule in thr United States, McElroy stated that-ht raised the mule from col : and addec that it Is thirty-eight years-old. Thf mule has lost its mind and is wfferins from seniUty in many other ways. But Chicago, June 10. Union chiefs to ty attacked the appeal of the Fud an Company to the United States rail .ad labor board for a wage reduction-, telling ihe board the cwnpaxy'3 piei was not legally before th oouy. Charges of the nrothrhoocl neace? iV e based "oh the a1iegtf5rf8""tRir'T.!ro PuiUnan Cormcany carried tlia ques tion direct to the employes refusing -M cenfey Avltli the vecogiiized , uino?.i io-id In its reouest for wagre reduc. tions in Une with the board's recent order to one hundred and four rail roads, ths Puilman Company stated it had complied ylth . the-, Jh.-Cumams law in submitting the proposal to th men first and that a majority of the emrjloyes rejecting it. While not denying that the employes did reject the proposed reduction the union heads contended the meetings held by the company with its men were illegal and that the company should be forced to confer with the union lead- fra They also questioned the company s action in laying off a number of men on May 28; six days before the em ployes' meetings were held. MITCHELL MEETS KIRKWOOD. Glen Eagles, Scotland, June 10. (By the Associated Press.) Abe Mitchell, of North Foreland, and Joseph Kinc wood, the Australian open golf cham pion, will contest the final in the thous and guinea professional golf tourna ment in progress here. These two won the right to enter the flrral tomorrow by defeating their op ponents in the semi-ftnal-round this afternoon. Mitchell defeated Jame Ockneden, of Raynes Park, six up and i whiiA TCirkwood defeated live AJ yia.3 1 " - - - ill T. G. Renouf. of Manchester, three liP and ona to olajr'-' " - ' - - L J; REYNOLDS TOBACCO CO. 7 PER CENT TAX FREE PREFERRED STOCK Subjedt to r confirrhatidn, we offer this High Grade Stock at $101.75 per share flat. If bought before June 15th, the purchaser will be en titled to dividend of $1.75 Per Share - payable July 1st next Wachovia Bank and Trust Company v Bpnd Department Winston-Salem, N. C. Paul Arrington & Co. Manufactqrers Cost Accountants EVERYTHING Audits Systems ! i! 1 1 investigations 217 Piedmont Building Phone 653. Charlotte, N. C. In High Quality Building Materials Uivwad some powr V-the giftie gie us to see ourseFs as others see us! It wad frae monie a blunder free us" We want you to feel that you can absolutely de pend on us. If we fail to meet with your expec- tations we - want you to tell us. CITIZENS Lumber Company South Boulevard Phones 3472-3473 EVERY! ODY whv not be a conservative farmer, makes no difference whether to kTw ywk TOOttCim n4 GRAIN at T.ry Orders Executed by Us Direct, in COTTON, Ten bales and upward. GRAIN. One thousand bushels and upward. M sssa JS5ssgfEa.. Tour patronage is -solicited and our rjf best .ervicea are at your command. -. " - 'J- " v :' , ' ' ' J. RANSOM ETHERIDGE, Broker Local Phone 4482 Postal Phone - ilYz West FourUi St. - Long Distince Phone 9985 CftAttLOTTE. N. C. V Si
The Charlotte Observer (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 10, 1921, edition 1
17
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75