THE CHARLOTTE NEWS, CHARLOTTE, N. C, WEDNESDAY AFTERNOON, JUNE 15, 1921
19
GRAIN
ARKET QUOTATIONS; FINANCIAL NEW
THE MOST COMPLETE MARKET PAGE PUBLISHED IN THE CAROLINAS.
P.niTJlh RY STTTAPT D wdct
CURB
COTTON
BONDS
LIVESTOCK
TOCKS
X . . II W(
For IjYearB Financial Editor of The New York Globe.
I , . -
REARS GUN FOR
cpveral Stocks Driven Down
St,c , . it-i 4. u:
sharply m violent ruw
c' Change Movement. '
II v ST I' ART P. WEST.
Mflff .respondent of The News
roP, righ 1051. By News Publishing Co.
New luriv. iiuuo
. . . - n
Va" v. v interest in financial nap
Asra.n iJ nrleetv much absorbed by
ten'.ns. V .v-ice changes on the stock
;e violent f '.easCIa Question whether.
,x:h?.r.Kt- u of yesterday, the mar--
'u rePn its decline or wheth
it: 'j J',,;t of support which had
ir tlie flf-""' l toward Monday's
MihAPt
llliill I irr x
for
vc;u:i 1 , , '.mi ,e
;?0i w J "I tion working
" had another piece of
1,ve'' ammunition in the report
eS::N' vr.ert attached to the ship
froni f.Xy supporting mor sensa-
n
,i for a long time Past
joins :V; 'i.,proachins exhaustion or
alv M,'i;i:i l Supply.
i:i,- ,,V. in this report were ftat
Tht ,f: wl hy the president of the
:y rf; no before Mexican Pe-
l0:,.ran. .l'L'T " ha(l broken another
!'c!eil';,i-if-, and before the entire
f;gt.a!0l group had established new
:wr- ...,..n!!rht collapse in the Mex-
i"e ' ' i-.tr nartv abundant
M eo ahead exploiting iiumei
l9UrnoVnt among' individual stocks
T-?iK..,P there was a question of
.vvldenl cutting the stock
f5'L'- , V,-, attacked. In this cate-
Paragraphs
B.v STUART P. WEST
r- . . fr8Pondent of The News
Copyright, 10Sl fcy XeW8 Publishing f 0.
CURIOUS MARKET ACTION
itEvelsinc,e Mexcan Petroleum started
if rioL6 trtm I70' Aspired statements
nf,t ? T character -have been put
out. ine oublio baa i.n t.,,n..
L. 1. . . . - ' ' iccaicuiy luiu.
FiiiAi mere was nnthini urrw I V V
situation and that it was all a big bear
T i Propaganda has particularly
emphasized the supposed fact that the
floating supply of Mexican Pete is very
small, owing to the bulk of the issue
naving been converted into Pan-American
and. ha,s hinted, at a possibility of a
sensational sequel, perhaps another Stutz
aiLair. let the stook Ions rio-Vif
CENSUS FIGURES
AFFECT COTTON
But SlightRallies After
Consumption Report Are
Not Maintained.
Br STUART P. WEST
Staff Correspondent of The News
Copyright 1831, By News Publishing Co.
New ork June 15. The report of the
census bureau issued today indicated rath
er a rather better domestic mill consump
tion for May than had been generally ex
pected. Thetotal reported for the first
ten months of the season was only 4.
061,117 bales, however, which showed that
ine total ror the year can hardly ex
... u -'v A ienla" -',
Cheimcai preierreu
-a.
::,:a-vi orwi tntprnntion-I uoouricn prererrea continued weak to- sit-nriv at nn aHvsn nnma ,i
n'nlV were others that were driven oay and gdt down into new low ground, sold about four to seven points net lower
n 'th-rrlv and tne unioriuuaie ai- i ;r""r lu' "C1"6 wnuaicu ma,t ciuring me nrsc lew minutes. Kaines to
' . Vf Md West indies, siocks y,c cnu om lius siock is in danger about last night's closing tigures follow
ar,1 ' i -,.;hor sinking spell because, despite the fact that it sells ex-diyidend ed the census report but were not main-
v'l'iiel upon tne suiemnu " u' uc ueiu unm August, on reports ot good weather in the south,
V:t:l " .--.'dent of the company, that lhere are those who have kept in close and an unsettled tone in the stock mar-
r2 -r.-t-'-ini for straightening out the touch with the situation in the rubber ket.
'lC .-' "was being hel dup by the industry, who say that the Goodrich com
has been teUin u ,1,- B Ts rea .uuo.ooo baleswhich will repre
ItaShase nbells!rt1nOS.! smallest consumption for Pthe
Ketical of th.R inKiriT t "i"10 ut LU1 country since iii. stocks
ha been savinJ thai I A &?CS- lt ofuraw cotton held in manufacturing es-
cannot be tai aa t ll1 decli?11e tablishments were about 4,2200,000 bales
thaHe&SM LJSl ame time last year
and that no 5tafro of tT,7 a,u vTX VL ' U1- luc BUiJPiy m punnc storage and
been any dearth nf itSt tQ A,a there compresses was over 2,000,000 bales great
f nV, uroot it lac v.?. Hb 6, fW COV- tT' and tne facts in the cage appeir to
tion Svhether aftlr han hld -the QKes" bG that the soutn has stl11 a ver la-re
""J1 ; "ether, after all, there is such a .?tcck of cotton nn v.ar.ri nH tv.ot hwt
stock have madeTtft V " bUUS " are disposed to supply the needs
nae made out. ftf hnvora ot vAir oi,--k c r
R.IriWI1.. t rnM.., parations for delivery this month have
BAI.DMIIs LOCOMOTIVE been-accompanied by more or less pre-
lacKea on a statement hv th rtreiArkt I ncrtwiariv
. , v v 4liV 1 I-, .v.. i,i&c aw x.n iir- tunc, emu
or tna company that the plants were now so far they have been fairly well absorbed
v.wj, a. icw uatjB a wees, inis state- Dy spot people or banking interests
ment was brought forth in the course against sates of October at a premium
or a denial that there was any signifl- ot 80 to 85 points. There was further
cance to the closing down of the works business of that sort this morning, but
over the Fourth of July. This the presi- the fact that cotton is still arriving hen.
dent said was the usual procedure. suggests that there must still be a con-
' I siaerable July interest outstanding.
GOODRICH Liverpool was. relatively steady again
thip morning. The market here opened
I Wall Street
New York, June 15. Oil shares reg
istered sensational declines in the ear
ly trading on the stock exchange' to
day as a result of latest developments
In the Mexican oil situation. A block
of 2,000 shares of Mexican Petroleum
changed hands at the opening at 120,
representing an overnight loss of 7
points. Pan-American Petroleum, which
controls Mexican petroleum, opened at
a moderate loss, but this was imme
diately extended to -three points. Royal
Dutch, General Asphalt and Atlantic
Gulf featured the other reactionary
shares of that group. Heaviness
marked the early dealings in Baldwin
Locomotive, Pullman, American Sugar
Crucible Steel and numerous other In
dustrials and specialties. Rails were
only moderately changed, but mainly
downward.
Declaration of regular dividends by
the New York Central and several
subsidiaries, and the strength, of Hill
shares effected substantial rallies in
the early afternoon. Great Northern
and Northern Pacific rose 1 1-2 to 1
3-4 points respectively and Mexican
Petroleum recovcrei almost four
points.
1 he closing was weak. Sales ap
proximated 750,000 shares.
i'!i
& 1. .li .-il-. r i w i T" I numr id .li-tm.v . f I....:
t p part 01 Miflu iiuiucio I uuius a. ci uu&inesa,
pi' ;.':,;, of these weak spots were un-
' "' ' . 1 .Va rri.naro 1 lief fnr
MEXICAN PETROLEUM.
CHARLOTTE COTTON.
Receipts', today, 5 bales at . , :11c
-faking, but as won as these ceas-
down, tnere was a quic. ic-
i.r.
:,lrxica:i oils
weak made the American
The inference
fti at if thJAlex President came out with a
iit-U; n,,t thP on the other side, in which
'"S1;6 "ost of the testimony in
1:1 ... r.ni there was no suggestion 1 he nrst 'effect of the Phelan re- NEW YORK COTTON
.,ii7Qti(wi nf l.st week and port, with its extremely nesalmistip. Mto- Ynrk .Tune 1 5. The cotton
.. . ' c ai.nnt tr recur. Prices I hndings regarding: the Mexican oil I market was verv ouiet at the ODeninsr
1' i noint or so all through the supply, was an over-night drop of again today. If anything, Liverpool
- ...U n7in nr sn snecial issues even pionts in iviexican Petroleum. I Was a-shade better than due and pri
51 ; " .: Kf o amnn as these oeas- Celling ex-dividend of S3, the oneninar vate cables reported a slisrhtly more
transaction was a block of 2,000 shares cheerful feeling in Manchester. This
at l-'O, against last nisrht's final nf failed to1 insrMre any buvina: of conse
130. It might have been exDected I ouence here, however, and after ooen
that when the Mexican Petroleum ins: steady at an advance of six points.
statement I active months sold some lour to
he refuted I seven points net lower with July eas-
V. . I Inn- rf n 1 -t I r, f-i IV 1 1 U
la.: - I , . t ' . . ioiinivilT ill me i 7 lull i llln ViL L J au J V (. J i u . i
rr.?r;jau oil reserves must Decome of the shipping board expert, the stock There was scattered Southern selling
tial'y n.ucb more valuable was quite 10- would have rallied sharply. He de- and some local liquidation promoted
r,jL r.ut tne vexeu qursuui. ",v- scripea Mr. Phelan as neither a treolo- by reports of an unsettled tone in tne
- . un llavinn r.ll Tielf1SIv. . ii i , . I . 4. j : . . : 1
:r;e position i" s'i nui an 011 prouueer, wno nau I muck marKci iinu iiiiyiuvms wcamc.
it t-n settled ui anj i niaue a nasty irm tnrouen tne oil I in tne western Den. rtams are sun
fm" that neither tne state noi uic m- neias ancu nad come out with an ac- supposea to De neeaea in eastern oeit
- - . 1 1 1 ! r- .innI I - - - l T 1 . . I - x.. iL...
('pnariment wass wunus iu mouu CUU1U wiucn was very inaccurate and I sections anu leinpei aiurcs mere were
fr-Ti' the report OI tlie scin i" ui3ico.um$. xiie iiiuruill newspaper! "IB" uui niee wcic luuaiucieu uun-
e hoard, onviousiy toon. .wn. muvu mtuuuis uaa spuKen 01 tne remaining unions which woum imuiuiiiD uaiiiagc
it credibility. - xvtexican on reserves estimated by Jrom insects
- --;i w . 1 I tho nanaftmnl T I i
i-i .-cv-je of the StOCK exciiaiisc m -i. ir.i hhciu vx mc iiuc. iui s oiiiy
. ... t were eictremeiv
ca ! ..x: v-v charnlv I noititerl nit. ws nmlltine-throo ilnh.rt rile nf the mnrnine nnd active months
Il?at uivvx, " 1 I r . . . ..-..a ...ivv, viyuviu, ; o - -
There was enough scattered buying to
hold prices fairly steady during tne mm
T'ie reaction is intensified un- tne correct total as given some time worked up to about last nignt s closing
irrv,t'f. because too much was made ago by the director of the Geological figures. Trading remained very quiet.
1 tk. J'.f.a damage reports by .specu- Survey, being 4,500,000,000 barrels,' or however, and prices turned easier after
: tiuttine- nrices up a enough to insure exports at the 1920 the publication the weekly report of the
I lLC iy IUILI-11VC
?7V JtA' luinges continued their re-'
,,,verv, tii'.s once more indicating the
at least temporarily,, ji
years to come.
-envtt.'.nce of reparation money to
ilciositorv in New York. Despite
hoavy transfer or iunas in cm.-
.. -u tli reiiemnilnn Ul liens-
''l..ii.'...t.a th disbursement of
and victory bonds interest
'-,( navnient 'o"f the second m-i-rt
on income and profit taxes,
v market was easier than
The call loan renewal
ci t-. 1 - ner cent and
ot t. e new onerings on me uay vc.c
'-z'.r.z. The trade reviews for iron
ar.i -rer l ontmuea tneir same ucic--
ne.-t;
r.i
stl .1
the
':':.
re J .:
was
a lot
SHERIFF BRINGS
BACK PRISONER
Quick Action and Help of
Akron Men Get Ernest
Scott Back.
weather bureau indicating tljat the crop
had made good progress on tne average
It seemed too that the report ot the cen
sus bureau indicating about 24 per cent
of the stock on hand in public storage
was below the tenderable grades was con-
sired rather disappointing by soma of the
local bulls, and October contracts sold
off to 13.05 early in the noon houror
about 8 points net lower,
The market sold on" to 12.19 for
July and 13.01 for October on the early
afternoon decline, or about 11 to 15
points . net lower. There was enough
covering or trade buying to check the
break around tnese prices Dut tne
market was within a few points of the
NEW YORK STOCK LIST.
Last Sale.
Allis-Chalmers 32
American Beet Sugar 27
American Can 28
American Car & Foundry .. .. 121
American Hide & Leather pfd 50
American International Corp..
American Locomotive
American Smelting & Ref. . .
American Sugar
American Sumatra Tobacco . .
American T. & 1. .. :
American Tobacco Sec
American Woolen . . . . .
Anaconda Copper-
Atcnison
Atl., Gulf & W. Indies .. .. 22 1-4
Baldwin Locomoitve 72 3-4
Baltimore & Ohio 38
Bethlehem L'eel "B" 50
Canadian Pacific Ill
5-4
36 1-4
79 1-2
39
67 1-2
53
104 7-3
74 1-2
38 1-i
Copyright 1981, By News Publishing Co.
Chicago, June 15. Wheat prices had
a downward trend but there was
sufficient buying on the breaks to
tend to warn short sellers to exercise
caution. The opening rush to sell was
largely due to the break in cash pre
miums the day before. A rally was
staged during the first hour on numer
ous reports of black rust but the
buying- power gave out when counter
reports were received telling of the
inability to find black rust. The
later trading was ot reduced volume
and the fact that cash premiums fail
ed to snow additional declines caused
some of the conservative shorts to
cover.
There was some complaint of ex
cessive rain in Kansas checking the
harvest. John A. Whitehurst, presi
dent of the Oklahoma board of agri
culture, estimates wheat crop of that
state at 36,000,000, or 6,000,000 bushels
less than a year ago. Receipts were
light but country is offering wheat
more freely. Seaboard reports were
conflicting but a report stated that
Germany bought 500,000 bushels of
wheat from allied dealers, part' cash
and, part credit.
vui it u.Arnei w a a easier. l nere
was a general rush to sell based on
the sIotv cash demand and easier cash
situation. The buying power was poor.
Later there was good buying by an
elevator interest of the July and the
conclusion was drawn that exporters
naa taKen some corn. There were
bids of 2 cents over July c. i. f.
Buffalo for corn and some business Is
believed to have been worked at 8 3-4
cents over July c. i. f. Montreal. Crop
news is favorable.
Oats followed other trains. There
was little feature to the market. Cash
basis was unchanged. Shipping de
mand moderate. Crop news is more
favorable.
Provisions were firmer. Packers were
removing hedges in July lard and ribs
indicating a better cash demand.
Central Lea'ther . .
Chandler Motors . .
Chesapeake & Ohio . .
Chicago, Mil. & St.
Chicago. R. I. & Pac.
Chino Copper . .
Colorado Fuel.& Iron
Paul
86 1-4
60 1-2
55 1-2
26
31 5-8
23 5-8
27
The willingness or officials at Akron, lowest around 2 o'clock
rai.t
'z fi: lins nut no prospect of Ohio, to side-step technical formalities
and help a Southern sheriff seeking an
escaped convict enabled Sheriff W. O.
Cochran to bring Ernest Scott, negro
convict, back here to serve out an 18-
month sentence on the Mecklenburg
nnrnvement. It was - Sig
t; t in i nntrast to what had
i on other Wednesday's when
r.oiiraging trade reviews have
t steel shares went down very
tvkmp were nuite as many
New
barely
NEW YORK FUTURES .
York, June 15. Cotton closed
July
Oct.
Dec.
trength in the final dealings county roads for the theft of some au-I Jan.
as ir.:? were points of weakness
CHICAGO rnovisioNS.
i'huKm .Time ir,. Gutter higher;
::!.f:- tirsts 27 to 31.
Eze-: i::; '-hanged. ,
Pft-t'.trv. alive higher; fowls -4
troilers "52 to 38.
steady
open
12.35
13.13
13.56
13.70
14.0:
NEW YORK SPOT COTTON
ew York. June 15. Spot cotton
quiet; middling 12.20.
March
HiPh
12.35
13.16
13.64
13.75
14.04
Low
12.05
12.90
13.37
13.50
13.84
Clos
12. Oo
12.90
13.37
13.50
13.82
NEW ORLEASS COTTON.,
New Orleans, June 15. Prices lost
eieht to nine points in the cotton
MLVF.H.
NVv York. June 15. Bar silver,
rrt - :tr. 1-1: foreign 58 3-3.
M-xi-.-n dollars 44 3-4.
omobile tires
Scott was convicted about two years
ago here of taking tires from the Mc-
Claren Rubber Company and sen
tenced to 18 months on the roads. H?
escaped after serving a part of his sen
tence and made his way to Akron. Re
cently it became known there that hi market today in the first hour of
waa n-a ntod Vioro nnrl svior-iff Pir.i.ro business, liauidation in a moderate
dn went for him. at the recommendation wav, cotmi?f o- iW
Q0 I ov,io Ti,nm fi.,-ffl(i, f x. sank to 11.8o. and October to 12.6x.
1,1 "a "ia" xiiumuo Minimi ui : Selling was held within bounds ny iear
Mecklenburg Highway Commission. Ho nf further accounts of weevil infesta-
did not go armed with requisition prs. J tion, although vreather conditions
peis and might have had serious dif- were considered to nave imp rove a over
ficulty in bringing his man back had "lf " in the belt because oi lessened
not the chiet or ponce ana omcers t-t ,.,, bureau report showine Am-
Corn Products 64
Crucible Steel 54 1-2
Cuba Cane Sugar 8 1-2
Erie 12 3-4
General Electric 125
General Motors 10
Godorich Co. .. .. 32 1-2
Great Northern pfd 63 1
Great Northern Ore ctfs .... 27 3-8
Illinois Central .. 89
Inspiration .Copper 33 1
Int. Mer. Marine pfd 19
International Paper .. .. .. .. 52
Kennecott Copper IS 7-8
Louisville & Nashville .. '. . 109
Maxwell Motors . 3 1
Mexican Petroleum 114
Miami Copper 20 1-2
Middle States Oil 11 1-4
Midvale Steel .. 23 5-8
Missouri Pacific 20 1-2
New York Central 67 1-4
N. Y.. N. H. & Hartford .... 16 5-8
Norfolk & Western 94
Northern Pacific 66 1-2
Invincible Oil .. 13 1-2
Oklahoma Prod. & Ref. .... 2
Pan American Petroleum .... 47 1-2
Pennsylvania 33 5-8
People's Gas . . . . 48
Pittsburgh & W. Va 27
Ray Consolidated Copper .... 13
Reading 67 1-8
Rep. Iron & Steel 46 3-4
RcfHl Dutch. N. Y. . . . . . . 52 5-S
Shell Trans. & Trad 41 1-4
Sinclair Con. Oil 21 1-2
Southern Pacific . . 72
Southern Railway-n . - 19 5-8
Standard Oil of N. J., pfd .. 105 7-8
StuJebaker Corporation .. .. 75 1-4
Tennessee Copper 7 7-8
Texas Co . . 33 3-4
Texas & Pacific 31 1-2
'robacco Products 55 5-8
'j ranscontinental Oil 8
union Pacific 116
U. S. Food Products . . . . .. 18 3-8
U. S. Retail Stores 54 3-4
U. S. Ind. Alcohol 55 1-2
LT. B. Rubber 58 1-8
U. S. Steel 75 3-8
Utah Copper . . -. . .. 49 1-8
Westinghouse Electric ...... 44 3-4
Willys Overland 7 1-2
Pure Oil .. .. 2J
Atlantic Coast Line . . .... 87
Coca Cola . . . . . . 27 3-4
Grain Market
By STUART P. WEST.
Staff Correspondent of The News
Copyright 1921, By News Publishing Co.
New. York, June 15. There ws
very little incident in the day's bond
market. With no laree issues of new
securities coming out, interest centers
n tne question or how long it win
take to digest the admitted surplus
of these syndicate offerings that have
not found their way into the hands of
Chicago, June 15. Fresh breaks in
the price of wheat accompanied gen
eral selling today on the part of
commission houses. Intiai quotations
ranged from 1-4 cent to 2 3-4 cents
lower.
Favorable weather and the large
stocks on hand had a bearish effect
on corn, which after opening 7-8 cent
up, sagged an around.
Oats were depressed in line with
other grains.
Higher prices on hogs tended to
strengthen provisions.
U heat closed unsettled 3 to 3 3-4
cents net lower.
Corn closed nervous at 3-4 to
cent net decline.
CHICAGO CASLT r.RA.
Chicago, June 15. Wheat. No.
red 1.40 3-4; No. 2 hard 1.43 to 1.44.
Corn, No. 2 mixed 60 3-4 to
No. 2 yellow 61 1-4 to 61 1-2.
Oats, No. 2 white, 36 3-4 to
No. 3 white 36 1-4.
Rye, No. 2, 1.26.
Barley, 6J to 67.
Timothy seed 4.5C to 600.
Clover seed 1300 to 1800.
Pork nominal.
Lard, 9.87.
Ribs 9.75 to 10.75.
61
37;
CHICAGO GRAIN AND PRODUCE
Opon High Low Closo
WHEAT
July 1.33 1.35. l.Sl 1.31
Sept 1.23 1.24?i 1.21 1.22
CORK
July 62 62 61 61
Sept 63 63 62 & 62
OATS
July 37 V3 37,$ 36 37,s
Sept 38 39 38 Vi 38
PORK
Julv 17.47' 17.50 17.47 17.50
Sept 17.77 17.80 17.77 17.80
LARD
Julv 9.85 10.00 9.85 10.00
Sept. ..... 10.20 10.35 10.17 10.32
RIBS
Julv 10.22 10.32 10.22 10.32
" Sept 10.41' 10.57 10.42 10.57
Bond Market
Live Stock
1
Ce-nyrlght By News Pnbllshinr Co.
Union Stock Yards. Chicago, June 15.
Supplies of cattle were larger than ex
pected today and the trade was slow.
After the big decline noted late yester
day there was no chanc. to bring values
higher and bids were off even for the
grood steers. In the hog house, values
were higher from the start but the trade
was weaker after the first' round. While
prominent investors. Also there is the t if -triA.mhUJt -iS, .1 8nort
question of how long it will be before j SLrTn Lagrtyf mar"
the investment market takes more fef,wa3 du,11 and J5?r- .Outside, buyers
note of the accumulation of money
supplies and the. falling interest rates.
Today again the bond list gave no
heed to the 5 1-2 per cent call money
quotation. Although railway stocks
were generally strong, rail bonds were
n tne mam inclined to sag. Balti
more and Ohio 4s dropped a half point
to 65 and the 4 l-2s a similar amount
to 67 1-8.
Missouri Pacific 4s at 62 1-2 were
off 3-8 of a point. New York, West
chester and Boston 4 l-2s were frac
tionally lower, and so were the St.
Louis and Southwestern 5s. On the
other hand Reading general 4s which
nave oeen sagging steadily lor a
month or more, in conseauence of
the remodeling: of the Readlne plan.
and the omission of the 10 per cent
premium ieature ror noiders or these
bonds, suddenly turned. From their
low of a few days aso. which was
72, they were up to 74.
The feature in the industrial group
was a further sharp drop in Cuba Cane
Sugar convertible 7s. At 70 the bonds
were down nearly five points from
last night's close. Consolidated Gas
s lost almost a point at 100 1-8. Chile
Copper 6s dropped a point to 71 1-2
but the sevens held steady. Steel
sinking fund 5s were a fraction
lower. The rubber and Goodyear Is
sues held well. Atlantic Fruit 7s,
reflecting: the disturbed condition in
tnis nne or Business broke another
two points to 43. There wanf no
change to speak of in either liberties
or victories. drench ss were off a
fraction, while Belgian 6s were a trifle
up. Otherwise the foreign section was
substantially the same as yesterday.
r
MONEY
N'e'-v York. June 15. Prime mercan-
to t; 1 tn 2-1
r-.v-aanse nrm: sterling ov i 4. ;i ii,ik, I .rTT" T" - -
ir.i , - en ,.,, nn tiatiKs amcu mcvuitiiuui b wumj nean consumouon uunns flliiy Ul 10V.-
"J.i'iiiriiiai .ii.t x,." rV.. . - , .. rue I . . i. u j T v.. w..
Whiln Sheriff Cochran and Akron's hrnuirht in little buying. The report ShOW
uiaf r.f nnii nrim nut ct the t-qco-c in!r 970.230 bales or untenaeraDic cot-
l. J i I 1. I J I, i I V V. XXV XXiV XU.WV.,1 1 ' ' ... . . . . XII
. I x : . . VM ; nTA.Aliniiea flrtolb 111 tVlIC
11,,,; V,n Mnnblonhnr-r fRiul tn III JIUUllv nmaiuuOT " -"
c"""'ue c iukuuU.6 - J I t....' ,o ciift unfavnrahle the
rest and recuperate from his lon r""-;- . emal,r than onticinated.
railway journey, they got a tip that. Kyeekly weather and crop reports were
tnree negro lawyers were starting ie- much less favorable tnan expectea ana
al marmnprv into operation to nro- caused considerable selling. lowaru 11
vent the Mecklenburg sheriff from o'clock prices were 21 to 23 points under
Mrinenno- Scntt back here. Havine had the finals ot yesteraay, wun juiy oil to
VA 1 ..'unimerctal fift day billS 3. I 4
deniand ".78 7-8; cables 3.79 5-8.
?ranr-! ibminH SOT' Clbles 8.09.
Belzian francs, demand-7.98; cables ,
5,iifi
fvi:iier:-. demand 33.10: cables 33.20.
Ure. ilemand 5.13; cables 5.1o.
Marks. Of-niand 1.14; cables 1.4o
Greece, deniand 6.20.
;'-vfin. demand 22.50.
Norway, demand 14.45.'
Argftntine. demand HI. 12.
Rrazniari. demand 12.87.
Montreal 11 per cent discount
t 11.70.
a up in iniB-iiiuvwireiii " During the second half of the ses-
made. officials at Akron had let the I ,"UT&" ,nLMMfl enmine- from all
Government bonds irregular; railroad impression prevail that a South Caro-1 quarters. and it finally caught i.top-
(
IJOn 'I iri-o-riilor
Time loans firm: 60 days, 90 6ays,6
li'inths 6 per cent.
' all money easv; ruling rate 5 1--"ank
acceptances 5.
IH RUA.S' MAN l OI .M DEAD
Pioano,- V.i . June D. l'.ir'.cr,
travc-iiins; salesman of Durham'. N.'C,
linn nfTicini hafl already been to Akron I in nrriers nn the Ions: side in con
jxv.n.lAl rl Vk 0- Oiiiclr rictin i I ciHoi-oKie vnlnme. Toward the close
was necessary and Scott was taKf;i tne , . , -
out of jail ana given an auwmuuut! 0(,t.0ii off' to 12.38.
ride of an hour or two around the ciTy xtcw Orleans futures
until a train should arrive for an 18 vew Orleans. June 15. Cotton closed
nut tn TTent Ohin' to catch ri hamiv Rtearlv at net declines of ol
B. & O. train. Finally the orhcer from to 66 points.
Onen Hieh Low Closs
's- found fie- d in bis bed at u local Charlotte was soutnoouna wun n 1V91 11.92 11.60 11.60
VWTii::v ..niin, w. .h e vi, ! p i hfx t he pr isoner and arrived here at a..sj n 12.68 12.68 '12.38 12.39
tame to i,w r.,..., ,i. nf unison o'clock Tuesday nignt. anenu yucu- Dec 13.09
13.57
12.79
12.95-
ini .1... . . v . . . . . x .,,oa Veeniv a nnreciative 01 tne Tan .. is.zz 1a.1v
nun no had been deaa ior twenty- - --A -- ,.., ,.i. 5 "-, 1S4B 13.,0 13.29 1;
? hours before his body was dis- courtesy 01 - Bituation that NKW ORLEANS SPOT COTTON
r,vr! by a maid, who attempted to mg him . thr0L,-aJ New Orlenas, June 16 Spot cot
12.79
12.95
13.19
mr tl.o room.
Neurasthenia-
Nerve Starvation
Ui.a.e of the Donn Hearted Prae-
'fnl advice on what to do.
. Jlany a man is hrnken down and
';icuuraRed without having any actual
x'-ease in his organs and tissues he
l'C)Us
ed m a long iegai uaure 1,444 bales; to arrive am.
cotton
the spot
delay.
Low middling 9.00; middling 11.25;
There is much unemployment ani&0qd middling 12.50.
iv. iitirest atlOUl AKI UIl, oiici i-i
r vvan fnund because many of tn
v,UV.Ul... 1' . , xI. 1 ...
steel mills and other maustnai piii-.B
are shut down
Receipts 6,521; stock 453,889.
-.. - '!.' eii lii. HHix w fHiv aim
. UUS ftnrf . i 1 t y. - j Uo I
is qiiff:; r'Humg juun.a u. " r I women
aisf.acfi x- wuni me great aiuci . th l$th annua
vatiiRne?ur.as.hn,a F . Zr3l ? Tent. No. 1.
tinner u " LU over-worK. worry, tun- 1 i
,l-nual hurrv o ,i .,.)n The I Drder J. R.
1 r , r . 7 hu uci vuuq oi.ia.x. - - - 1 - .
,..-3rT tnis continues the more cer- TTnion which IS
0
LIVERPOOL COTTON.
T.lvernnnl June 15. Spot COttOn
Limited demand; prices easier. Good
middling 8.69; fully rr)iddling8.29; mid
dling 764; low middling 6.84; good
Air.ayir K 39- ordinary 4.64.
Sales 3.000 bales, including 2,400
American. Receipts 2,0,000 bales, in
oininr 1 R KOfl American.
. x. I Tciitiiros closed . nulet. June .t)o'
Some of the most prominent Ue&lv' 1 Tulv 8.21: October 1.59; January 8.80;
- n 1 rt a TTPnlfl T14. I . . . V. . , o n-?
or me siatc x A ItT I Marcn es.5; may,o.i.
convention 01
-r 1 S A
of the lnaepenusKi rnTTOKKKD OIL
Giddings and Jonue. New Tork. June 15. The cottonseed
NEGRO WOMEN HOLD
MEETING IN THU un r
re' ;' it end in real disease of his sessj0n in
Su,;,' t:1.f'' ,ltrYes or.his mind. church her
Die f ",a-n snouid live on tne si - - rry, rfra
..x i-x 'm ..-J --.. 1 n U1S""""'"" . .. - xx. 1
anl (rr..;'n T.yJZV! ..coou'"'1 ,v nf ero women of tne state, v-
at nii eseiaoies, Sleep nine numa ij o-- . ,,.9rq ao-o DV VII-
,"?ht if he can. an hour in the ing been formed 16 ears ao oy v i -andrn",.anx'.
.'eed his starving nerves toia A. Lofton, of Wilmington uh
an., tnin blood, witn a sroou i mmi.ershin oi a". . "
111-. ATivwAt-Afl I w " . - . X 2
holding a three-day oil market closed steady. Prime sum-
Friendship JaptiS7 mer yellow .7.2U Dia; prime "ue
i-iin- January i.i . unc
. x -. 1 TCG l I"
iircii uci c. - x. i 7 in xViic-nsr na: seuicniuc. i.vu,
The organization is composea entire- er 7.70; November 7.68; December
7.75.
Total sales 5,100.
here.
Knuine orcranlc Iron like -the
spina ,- ur 'od and like the Iron in
v,?;h: lentils and apples.
to u '-'J ,'ron may therefore be said
it .s,lrr!al nerve and blood food since
'itrna, P' tne Principal ingredients
to ,.!. n ny your nerves nad blood
a
rin.i-1
orn' .dnd mental viaror of weak, for this year
'"Iks ; '. ""w" hearted, and
WILL AIR EXPRESS
WAGE ROW FRIDAY
Chicago, June 15. Application of the
American Railwav KXPreSS oinuiiy
Grand State S"tenSe?:Drter A for reduction of wages for its. 80,000
Jlith smithfleld: Grand Reporter, -v. t for heanng be-
i31IH"M ---- titI 1 CW..V.J v.- . . . , - T V,
L E. Weeks, vvusuu. fore the TJnltea states namuaa uwi
-mwi i Rnflrii Tnr next rnuaj. vuniuj
CAPITAL. SHIP EXPmiunn. ; ntly held conferences with its em-
.. . a .i i ninvoa nut no acreemeiu cumu u
15. tne w? a enmnanv nroposed a re
nervous ital snips iw -- . nant Colonot labor board m Augubui.
."IWyod food, like Nuxated d" with something like 20,000 mem-
..', luxated rlon contains a prod- loagea
Tnnht, to the attention of the bers ftfflalg include: Grand S. M..
'elfhr , A-ademy of Medicine by the Women officialsJ"itr Citv Grand
4nts th'1 U?otor Robin' wnlch reDre" Annie K. Jones, Elizabeth City mi
int ,s, ,he. Principal chemical constltu- r fs Sallie Evans. Fayetteviiie.
fnn.:.dt't,ve. living nerve force: it also
r) i:v v our nerves naa oiooa Tendon, June 10. ,tv .nanH :ejJPr1pd The company proposea a re-
irLtl. ."'."'ni fJi 'JV tSe BrltUl, navy 1? 2, aprox.mt. , p. l$?tn-
Gulf States Steel
Seaboard Air Line
Sloss. Shef. Steel & Iron .
United Fruit i . . ,
Virginia Caro. Ciiem. . . .
American Tobacco .. .. .
American Zinc
30
o 7-
36
103
25 3
121
S
General Asphalt 51 7-8
BOARD HITS AT
10-CENT SHINES
Boot Blacks Charging a
Dime Must Pay Higher
License Tax This Year.
L
Curb Market
The city commissioners have taken
a rap at the high price of shoe shines
in framing the new license tax ordi
nance for the coming year, which was
passed on the third reading Wednes
day.
Boot blacks charging more than 5
cents for a shine must pay a yearly tax
of $25 for the first chair and $10 for
each additional chair in the establish
ment. Where the charge is not great
er than 5 cents the license tax will $10
for the first chair and $5 for each ad
ditional chair. The paragraph in last
year's ordinance covering boot blacks
had one rate, $10 for the first cnair
and $5 for each additional chair, re
gardless of the price charged
.boot blacks ran tneir price up ironi
5 to 10 cents a couple of years ago
when many soldiers were at Camp
Greene. Reduced labor and materials
costs have not affected the price of
shines which have remained to this
day at 10 cents. The commissioners,
action . it is figured, will either force
down the charge or give the city addi
tional revenue.
Some boot blacks have as many as a
dozen chairs. The total license tax on
12 chairs in a shop charging 10 cents
for a shine will be $135 yearly. In a
12-chair shop where the price of a shine
is only 5 cents the annual license, rate
will be $65.
The license rate for the coming year
will be the same as that of iast ye-.r
except for the boot black item and
three others.
A license of $50 the year for dancf?ig
academies and dancing -instructors has
been fixed. The dancing academy li
cense under the old ordinance wan $50
but a danciner instructor lict maintain
ing a hall was charged only $Ia ITn-Jftr
the. new ordinance $50 will be r;;nulred
for one to give dancing lessons, regara
less of whether they maintain an acad
emy or not.
Frjuit and vegetable deaiera selling
their products as itinerants wiil be
charged a license rate of $10 th day.
This tax is to protect locil dealers
from itinerants who ship a carload of
fruits or vegetables here, e!l them from
the car and then depart.
A license tax of$100 has been imposed
upon heating installation contractors
for each system or plant which they
install.
The changes enumerated, are the only
ones made in the new orcUnaiico, the
rate specified in the last yr't rate
book holding for the next y ar in all
other instances. ' '"".-.'
By STUART P. WEST
Staff Correspondent of The News
Copyright 191. By News Publishing: Co.
New York, June 15. Irregularity .fea
tured the curb today and the tendency
during the greater part, of the session
was uncertain. Commission houses had
but few orders and 'traders were less ac
tive than in some time, operating on both
sides of the market. Chief interest was
shown in the Sun Oil 8 per cent bonds.
The closing of the syndicate removed the
props from this issue and brought out
a huge supply which caused a decline of
seven points with only a small rally in
the later dealings.
Cities Services issues, selling ex-dividend,
were comparatively inactive, prac
tically all the business being in odd
lots. Movements were erratic, the old
common selling over the range of about
three points. Pressure against Carib Syn
dicate was in evidence and that stock
ed. i-keliv Oil and Producers and
Refiners were slightly lower. International
Petroleum held steady. The Standard Oil
shares were faily active with an easier
tendency prevailing. Zapata preferred led
the low price stocks moving up to its
previous high on out-of-town buying.
Trading in the miscellaneous list was
practically at a standstill. There was
some selling pressure in several of the
low priced issues, including United Profit
sharing, which moved downward. Sweets
Company, and United States Steamship
were exceptions, being in fair demand
around the previous closing figures. There
was no change in the bid and asked quo
tations of the motor stocks which were
neglected.
Mining StOCKS were irre&uiar, wun irau
inr fairlv laree. . Boston and Montana
went down several points, but recovered
more than its loss later.
There was some selling oi nimpire uas
and Fuel 6s of 1924. which caused a
into in the issue of 2 1-2 points. This
is a Cities Service subsidiary, utner uonus
held around their previous ciose.
NAVAL STORES.
Savannah. Ga., June 15. Turpentine
steady osm saies sou; reueiyta o,
shipments 1.016; stcok 7,442.
Rosin firm; sales 697; receipts 849;
shipments 301; stock 77,731.
Quote: B 3.70; D B S.75-, V G 3 80:
H 3.95; I 4.00; K 4.35; M 4.90; N 5.4o
to 5.50; WG 5.75 to 6.00; WW 6.50.
LIBERTY BOND..
' New York, -June 15. Liberty bonds
closed -3 l-2s, 88.42; first 4s, 87.68
bidl second 4s, 16.60; first 4 l-4s, 87.80;
1Xa a -i-Jo 974- third 4 1-43. 91.50;
3CV11U I , x A . "
f..rth 4 l-4s. 87.00: victory 3 3-4s,
98.38; victory 4 3-4s, 98.38.
rmrGn POTATOES.
Chicago. June 15. Potatoes weaker.
Northern white sacked and bulk 80
to 85 cwt.
Virginia 4.25 barrel.
North Carolina 3:40 to 3.50 barrel.
One ladybird has been observed to
dispose of 40 green nies in an nour.
I Lumber Market.
j
Chicago, June 15. Taking the coun
try as a whole, the volume of buying
has not shown any appreciable de
crease. In fact, business in some
districts has recently shown a dis
tinct improvement in volume. Of the
softwoods, the Southern pine market
was the first to show activity this
year and shortly thereafter the Doug
las fir market began to improve. With
in the last two weeks there has been
a decided increase in the volume of
buying or North Carolina nine, ind -
eating that th demand for this wood
is coming back and that buyers are
turning to the Atlantic coast, now that
it is difficult to secure certain items
in tne west ano in the south.
In some manufacturing and whole
saling quarters in the lumber industry,
there is pessimism. Yet a careful in
vestigation of underlying conditions
fails to reveal any great basis for
this pessimism. True it is, that
prices at wholesale, and in many
cases at retail, have been very greatly
deflated and that the volume of busi
ness is not that of a boom season.
Yet both shipments and orders have
exceeded production so far this year
ana some items are becoming so diffi
cult to get- that prices have beaun
to advance. This is particularly true
of grades and sizes commonly used
in construction, either of Southern
pine or or uougias nr. ,
A careful analysis of conditions of
stocKs or boutnern pine mills is en
lightening:. For example, nrrl era nn
hand at Southern pine mills which
repast to the southern Pine Associa
tio. called for on January 1 nn.
average of 607,592 feet per mill, while
1. - - 1 XI . . .
un am y x, me average per mill was
1.206,620 feet, an increase of 99 ner
cent. This condition verv naturally
has resulted in a depletion of South
ern pine stocks, which were slightly
above normal in January. The aver
age stocks held by subscribers to 'the
Southern Pine Association, uncovered
oy oraers and available for shipment,
on the first of the year. were 6.260,211
feet per mill. This average has grad
ually been reduced ever since until on
May 1 reports showed an average of
5,167,408 feet per mill, a decrease of
is per cent.
The hardwood market, at least for
the better grades, continues fairlv
active. Of late, the bulk of the busi
ness has been with Southern manu
facturers whose prices have ruled low
er than those asked by the Northern
producers. This has resulted in an
adjustment of prices in the North
which places the Northern wnods upon
a more nearly equal price basis with
the soutnern nardwodos.
took only about 1,000 head yesterday an-J
there was little support from these "buyers
today. Large numbers of hogs have died
in transit during the last few weeks and
the country is urged to load light.
Receipts were estimated at 11,000 cat
tle. 23.000 hogs 18,000 sheep and lambs
and 2.000 calves.
Cattle trade was dull and values were
lower. The trade was so uneven that the
decline was hard to judge. Most of the
sellers called steers weak to 25 cents
off, which put the market more than 50
cents lower for the wee. Small lots of
yearlings sold at $9 with full loads of
heavy steers at $8.60 for the best The
bulk of steers went at $7.50 to $8.50.
Cows and heifers were unevenly lower.
This end of the trade showed a decline
of nearly $1 from the close of last week
with good killing cows at $5. Canners
isold below $3, with eood cutters at $3.25
to $3.50. Bulls were nearly steadv but
calves were unevenly lower. Best vealers
went at $8 to $9.
Hogs were 10 to 20 cents higher, but
the trade was slow and valueswere off
late in the day. One load of light hogs
sold at $8.30 but the practical top was
.2x. juven tnis could not be reached
after the first rounds. Biff killers re
fused to follow the early prices. Packine
hogs sold at $7.25 to $7.50 for rough lots
wnue uie pest made 7.90. figs Held about
steady top lots going at $8 to $8.20
Lambs were sharply lower from the
start and sales were 50 cents lower with
many deals showing more decline late
in the day. One lot of yearlings sold
at $9.50. Choice lambs were quoted at
$11 to $11.50. Aged muttons were hard
to sell at unevenly lower values.
.Receipts or live stock for. the week thus
far stand. 42,659 cattle, 105,180 hogs,
58,878 sheep against 42,847 cattle, 91.702
hogs 51,081 sheep the first three days
last week and 37,994 cattle, 93,214 hogs
and 28,281 sheep the corresponding week
last year.
Paul Arrington & Co.
Manufacturers
Cost Accountants
Audits Systems
Investigations
217 Piedmont Building
Phone 653. Charlotte, N. C.
CHICAGO LIVESTOCK.
Chicago. June 16. Cattle: Beef
steers steady to 15 cents lower; top
heavy steers 8.60; bulk 7.50 to 8.50;
bulk 7.50 to v 8.60; she stock dull and
unevenly lower; bulls stockers and
feeders weak; bulk bolognas bulls 4.50
to 4.T6; calves steady; vealers largely
8.50 to 9.00.
Hogs: Slow. 10 to 25 cents higher
than yesterday's average; mostly 15
cents higher; top 8.30; one load early;
practicaly top 8.25; bulk 8.00 to 8.20;
pigs mostly steady; bulk desirable
7.76.
Sheep: Very slow; bidding uneven
ly but sharply lower; classes, early
sales best ehoic 76 pound dry fed
yearlings 9.50.
NEW YOrIc PRODUCE.
New York, June 15. Butter steady;
creamery firsts 29 to 32 1-2.
Eggs irregular; fresh gathered firsts
25 to 27 1-2. .
Cheese steady; state, whole milk
firsts, average run 14 1-2 to 15 1-4.
Live poultry quiet; fowls 29.
Dressed poultry steady.
SUGAR.
New York, June 15. Raw sugar
steady and unchanged at four cents
for centrifugal.
Kenned lower at 5.a for fine granu
lated.
VANDERBURG STILL
FAILS TO APPEAR
GREEK OFFENSIVE IMMINENT.
Constantinople, June 14. (By the As
sociated Press) -Opening of the Greek
offensive against the Turkish nation
alists in Asia Minor is believed hero
tonight to be imminent. British re
serves are relieving the Greek eleventh
division at Ismid, on the sea of Mar
mora, which is proceeding to the Ushak
front, near the Bagdad Railway, north
east of Smyrna.
AVERT ENGINEERING STRIKE
London, June 15. (By The Associated
Press) Steps toward averting a great
engineering stoppage, affecting 1,600,000
men, were taken this morning when the
Minister of Labor, Thomas McNamara,
held a conference with representatives
of the emplyores and employes. The
result of the conferences was that the
employers agreed to postpone issuing
lockouts notices from tomorrow until
the end of June, in order to enable the
union to submit the employers' latest
proposals to a ballot.
A. D. Vanderburg, well known white
man who failed to answer to his name
when called Monday in superior court.
criminal session, to answer a charge of
handling liquor illegally and who also
failed to appear later in the afternoon
and on Tuesday to enter plea of guilty,
as his attorney J. D. McCall, expect
ed him to do, still had not shown up
Wednesday.
He forfeited a $1,500 bond by not
appearing. It was said Monday he had
been in the court room a little before
his name was called out. Although
capiases had been issued for him be
fore noon, Tuesday he was still at large
Wednesday and no one knew where he
was. His bond of $1,500 was still not
collected but was expected to be dur
ing the day. Officials believe he meant
to appear and enter a plea of guilty
but became faint-hearted and couldn't
bring himself to appear in court, pre
ferring to forfeit his bond.
Vanderburg was arrested some weeks
ago in his place in the basement of
a building fronting on South College
street. In his place the raiding officers
found about 80 gallons of loquor. He
was tried in recorder's court and sen
tenced to eight months on the roads.
He appealed to the superior court and
his bond was fixed at $1,500.
EVERYTHING
In High Quality
Building Materials
SUPPLY and demand
regulates commodity
values. Cost of prdouc
tion is a temporary and
not a basic considera
tion. Lumber, stocks ,at
the mills are very low;
many mills are oversold.
Demand increases. Judge
for yuorself what it
means.
CITIZENS
Lumber Company
South Boulevard
phones 3472-3473
EVERYBODY
Why not be a conservative farmer, makes no difference whether
you live on a farm or in town? You can buy .any. size crop as low aa
ten bales of cotton or one thousand bushels ot grain for less than
you can produce it, and at a minimum carrying charge.
We have in .our office ROSE & SONS DIRECT PRIVATE WIRE
to New York quoting STOCKS, COTTON and GRAIN at every flash.
Orders Executed by Us Direct, in
COTTON, Ten bales and upward.
GRAIN, One thousand bushels and upward.
STOCKS, Ten shares and upward.
All Accounts Carried Directly With Rom & Son, who are Financially
Responsible to Clients.
Your patronage is solicited and our -very best services are at your
command.
J. RANSOM ETHERIDGE, Broker
Local Phone 4482
27 H West Fourth St.
Postal Phone
1
Long Distance Phone 9385
CHARLOTTE, N. C.
i