North Carolina Newspapers

"1 "ft ' THE CHARLOTTE NEWS, CHARLOTTE, N. C, TUESDAY AFTERNOON, SEPTEMBER 20, 1921. 15 LIVESTOCK , v COTTON 1 GRAIN cotton market STILL CLIMBING Yf, Feature of the Market Situation With Wheat Following. v 1 15v -.11 RI' 1'. WEST. !' l"" '' t;'iulcnt ol 'I hr N'ewM. Mi"ch(. II'M. by News l'uMishliuf c0. stviv-t. New York. Sept. 20. rre wry few noteworthy inci - i:i the ircneral financial siuation The if the violent renewal late yea rise in the cotton market made its Impression upon '.-Till ' K spinning trade overnight. 10 ;,S no t the same s?ar about a acute shortage that appeared in hie speculation oi inree wtoss I : 1 1 represents tives ten manufacturers Oi the l-:n-suddenly be realise what it won! 1 moan if the r jornvnent report rewalod i sens.it ional drop in let- con.li grow'.ng crop. e.wdlugU , ,t c tun morning mere was a reisu buying which lifted -ot-.s a'.orhvr 50 points .nd on icrd.iv's' advance. icstott-.l nion tli? toun lost from tiu h'g'h- of ten days ago. eat Market, following closely -t is m" thi oM-.n market, ns it i d.-ii;v rifcht aloivr, movel for . . although the e: .; in the north iin? virtually lvcn -ill n-.ade, net th- same speculative incen t there is in th case ot e;i.n s quite the least interesting day e stock market had hao in v.ovt month. Yesterday had seen the , (if t he pool aetivit.N which ur ic main initial iv Ust week and k bcf-.i'V. Kind. l.T that price ! he cifiiy pusnea any lurtht-r me oC th?'j .speculative noldinfs stily throve wr an J tins was sued tli3 decline ;it Ltst right's v. i u-.terc: s;-.;'.ati '. . :.t m -h - there w. s moving i.-.herty hoc t was just dying o.U ot iv.ii'.ict thin;rs '.ere ery iti v (i.'.tnicut r.iariitt. l'-usi- s ci th : increase '. ilh up again. The strength is a-is tho main le.-iture-- :ral e:io.i.;h development in -iow wonderful success -f thd latest of :hi,jt ytii' treasury r.rtes- t'.i-i subsetpint pre in m :n which the ; a e attam -'i. ):ut prmctpiiy ihe a d forward tendency in bond prices ar; i to be duo l the Wno-.v'.o-le tht authorities were discussing a further etion in Federal reserve rules and such action was not iiiveiv to ic r. lo:iger delayed. ' ;:i the session hair way over on -took exchange, selling broke out v. in a moderate way. It appeared : -.e, as it did yesterday, trom the .:ei Tiool members who were mak- the market a week ago. Prices t very easily once they started. :!- the fact that dividends are to 'ieiticted from their selllner price vow, Mexican Petroleum and Pan- ,: were among the weakest ;-.v;n Locomotive, which was last k leader, broke rapidly, and 'the y selling of Steel common was cable to the same speculators whu -i responsible for blaflinj? up the on Saturday. The tobaccos were rd down sharply and so were :- States Rubber. American W'ool- -:. the independent steels. The :pal part of the decline came in 1 : i a 1 hour, trading becoming more r as prices went down. MONEY AMI EXCHANGE. v Y'ork, Sept. 20. Prime niercan inr 7-S to 6. lin;: heavy; sterling 60-day bills omincnial 60-day bills on banks ".-S; commercial 60-day bills 3.0 'Hnund o.Tl 1-S; cables 3.71 5-S. . . dt-mand 7.01; cables 7.01 1- . rin francsi, demand 6.96; cables Urs. demand 31.47: cable? 31.53 demand 4.18; cables '4.18 1-2 -;s. demand 32 3-4; cables 93 1-4. 1 t. demand 5.10. .'.1, demand 21.60. v. demand 12.50. -ft!!!?, demand 30.50. :'.:'.iau, demand 12.62 real rnnv 10 nt -4 per and cent discount. railroad bonds ' loans firmer; 60 days, :i-4; '0 days, 6 months er cetu. '.r.one y easier: high 4 1-2; low- ruiins rate . 1-2; closing at 4 1-2: last loan 4 1-2. loans against A cceptances bid 4 4 1-2 nV YORK PROVISION'S. v York, Sept. 20. Butter firm i.orv higher than extras 45 to 45 Teamcrv extras 02 score) 44 i-2 :.erv firsts SS to 01 score) 3i tc -;s firm; firsts 40 to 4 4. ese firm; average run 20 1 f jioultry steady; broilers 23 - poultry steady and -':-d. to 30 un- SAVANNAII NAVAL STORES. i;a n. Ga. Sept. 20. Turpentine 1-2 : sa. es 32S; receipts i 02 ::i-n;s 317; stock ' v-in firm; sales 043 ments 1,461: stock iote: H 4.30; D ; 4 -ft- tr -i.so- r ,07S. ; receipts 2,7 73,100. .10; E 4.50; 4.00; K 5.00; Y M X T, i0; WW 6.00. COTTOXSEED Oil- York. Sent. 20. Cottonseed oi 1 steadv. Prime summer yellow " hid: nflme crude S.S0 bid; Sep .' l'i.25: Octolier 10.25; November ": Ijcrpnihcr 0.0S: January 9.9a s"i,rv 0.05; March 10.0S; April 10.03 ral saies 22,200. NEW ORLEANS SPOT COTTON. ''e.w Orleans, Sept. 20. Spot cotton ' . 50 up; sales on the spot 3,900 to arrive M0. middling 17.50; middling 19. oO; rA middling 20.50. :--":dj.ts 5.544; stock 411,314. E In High Quality Building Materials HT "There is a roan in vjM our town, JJAnd he is wondrous He's firoinsr to build his home this fall, Before the prices rise CITIZENS Lumber Company South Boulevard Phones 3472-3473 VERYTHING ARKET QUOTATIONS; FINANCIAL niTwSE10J COMPLETE MARKET PAGE PCBLTSHED IN THE CAROLINES. 1JITED BY STUART P WEST For 15 Years Financial Editor of The New lork Glebe. I Features . j tm STUART I WEST Staff C orrnipondfnt ot The News Cop,rilfht, 1021, by S,W P.VblhTng Co. FOOD PRODUCTS. latest report about Food Prod tnat tllf! m-i-pilt Hn.j,!l l. The nets is ems of the rnmr,,. ' V . r "t' ii .v win oe soivea l Un lSKllf rf n. nn . . ,n, ; v ""is-. i iit-se notes, .. ,cr would neeessarilv ho OStly tO the hnrrnu- tv. - . writinrr V lui an uuaer- , it ,ndlfa,e AvouU1 Probably ex at t prettv spvprn tmc t-i. nen is, how larcp n-.irt , i, assets of Food P nfl , . ' 'hsorbed as R Pl r . , 'V "1U" bligations an widt',.....!. hilt,. hJle ood Products stock netter tnnuv Iwo.io ,.r .i.. lid ng i ,. . . , - "ioc me scem- ngri.v brighter mosneets for it. diate situation, the ultimate val of the difficult -was regaraed as to figure out. very POOL MEM HERS PALI, Ol T rhe story going around the Street was that the nnnt whi.-v. v,.,,! today een active last week and the week llcl (1 a. f ;i 1 1 i n cr nnt before had ts member. , "r1 ftK.,,hatl-8ol,J?ut on the others, and U was this Sfdlinsr u-hiph ,,r,iij . urday and vpstpivtuv mht ...:.... chances there were for n c..-..,o-,.i ontinuance of the bull rammi' COCA-fOI.A !itoi?-Ci0nsi'1f,reJ1 extremely likely that oca-tola will v nut .n . -is", .-j j basis when the d rpotnra moot it h,.art f -V,'15 m051- This payment, however, will not be made until later tn the year as it is expected that the company will fr ki- l.. i , ' i uaiLA loans by the first of Vncmh0, tv, preferred has been put back on a divi dend basis, the 3 1-2 ncr .nt ,hi,.', was deferred at tVio r.,o, i,, " j-. iuu mccnilK uning been declared last month. ' AMERICAN A(iHKTLTCRAL CHEMICAL. Directors of American Agricultural - ne"?'c'al at their meeting to be heid ui 1 hursiav arp pvnei'to.i the dividend on 'tho v,vfo,-.vi stock. The dividend was deferred at the previous lnetlne- tvh situation of the co'mnanv has"" n..t changed materially since 'thp former session aespite the chance which has cuine in me south. LOEWS. Interesting devel i-irnni icin.ru uiace in rnc nrra ro nt me L,oew company. A Morgan repre sentative on the board has ae-ain hn piacea ac the head of important coin- iiuiees. ine company has a chain oi iuu ineaters with ten st 11 nnrtfi- construction. The New York thpators are now reported bv official a tn oig money makers, nnp ninn tnHno- iu ou a.n average $2U.uuu a week or ai me rate tt si.ono.000 a. vsar. Dur ing the last eight months" the com pany nas completed twentv new the aters aivi an investment of $12,000,000 which, at the beginning of the year. was nea up in orieks and mortar, is now showing a return. The com pany nas cash on hand of $1,700,000 (.i cuiuparen wim siigntiv over $1,600. i"j.' on uay , while bank loans in the fame ume nave been reduced consider- KRESGE. i enefge saies ror the vear are ex pected to establish a new record with the total probably crossing $54,000,000 as compared with slightly over $51. 000.000 in 1920. The increased volume of sales combined with a larger mar gin of profit should produce a sub stantial net. Last year the company showed a margin of profit of 5.37 cent's but the belief is that this will oe bettered this year. A 5.37 cent margin of profit on the stock for Hip ftrut ?lght months of the year means an nual net earnings of close to S13 a share. KANSAS CITY SOUTHERN Compared with a year ago the August earnings statement of Kansas City South trn is very gratifying. Not for 1921 was S498.S08 against a deficit of $191,640 in 19?0 and this while gross revenue na turally fell off. Interesting compari son, however, is with a month ago. Au gust gross was $1,8S2,000 egainst July rrross of $1,193,000 and August net ivs's $498,000,000 against July net of $479,000. The percentage of increase in gross and net is practically the same but in neith er case is it up to seasonal averages. In other words it Kansas City southern returns forecast the trend of the Au gust statements yet to ocem the railroads are holding the grain shown in the are holding tho grain shown in the previous months but not increasing them. r - " k I Curb Market I By STUART P. WEST. Staff Correspondent of The Ntwi, Copyright. 1021. by News Publishing Co, New lork, bept. 20. The curb mar ket today was decidedly irregular. At the start there was a firm tone, with dealings on a fair scale, but profit-taking sales by commission houses and some pres sure from the traders brought about a later reaction. Some of the pools seem to have withdrawn from the market en tirely, due to the lack of success of their efforts during the last few days. Texas Gulf Sulphur was one of the lead ing features, moving up to a new high record. However, all the buying appeared to be by inside interests according to observers on the floor. Glen Alden Coal was irresrular in the early dealings, but moved up later on buying orders from stock exchange houses. McAndrews and Forbes was firmer with offerings scarce. Commonwealth Finance preferred again ottrnrtfd attention with a decline of 25 noints on the first transaction. Bids ap nnnn-d to have been withdrawn,. from the market a train. Peerless Motors was under nrpssure and developed decided weakness. TbfirA was litle demand for the stock dur ino- chnrn hreflk. Amalgamated Leather Goodyear, Farrell Coal, Heyden Chemical, Car Lighting and Power and Philip Morris were easier. With the exception of a drop of sev- pral points in Atlantic Lobus from the nrcviniis transaction, the price changes were comparatively small iii the oils. ciTYima petroleum, and Fensland were ..tooftv hut. fractional losses were shown in manv others, including Standard Oil of Indiana, Cities Service, Carib Syn- rirnte and Skellv. c.niHn state. Mines Company of Tono- noh which has iust been officially listed, was the feature of the mining group, ad vancing several points on good general buying. This company was recently formed- to take over the Golden State Mino at Klondike and the Knox Divide atjio at Divide. Boston and Montana 7,iHnii.H firm and there was a good de mand for Nipissing at fractional advances. Tinris were again steady, but price but fractional changes were connnca wuiuu limits. SUGAR. t.. r sent 20. The raw sugar market was uncnangeu va-ny .. 00 for centrifugal. Raw sugar fu tures were quiet and the demand for refined seems to be a little better at 5 60 to 5.65. Business m refined fu tures were confined to one lot. of October at 5.65, an advance of 5 points. CHICAGO PROVISIONS. Chicago, Sept. 20--Bu"e1r.2UntCohasn7Se'3-ivjr, higher; firsts 3o -i 10 s. Poultry, alive, lower; fowls 18 to 25; springs 25. . nr i.RAO ADVANCES. ,r. V-iT Sent. 20. The American A nflnins Company today smeiuiiB - lead- from 4.60 advancea K. - to 4.65 cents a pound. MISS STIRLING WINS. Ai4....o snt. 20. Miss Alexa Stir- todav defeated Mrs. S. VVhvte of the Royal Montreal club a 1 in 1 the first round of match pla x the Canadian ladies' openolf cham-pionship. TWO CENTS GAIN SINCE SATURDAY Bullish Confidence of Ulti mately Higher Prices for Cotton Revived. 'Tiy STUAKT P. WEST Staff Corrcnpoiideut of Tlie New. Copyright, X021, by New Publishing Co. New York, Seu. 20. The cotton mar ket showed continued strength this morning. Since the close of, last Sat urday prices have recovered more thun two cents per pound of the recent de clines, and the suddenness of the rebound has revived bullish confidence in ulti mately higher prices. There was no one special news feature behind the advance of this morning, but Liverpool was better than due, spot ad vices were bullish and crop report? still point to a further reduction is esti mates of the yield at the end of this month. Beyond this the failure of south ern spot offerings to increase on the de clines of last week has encouraged a be lief that spot holders will connnu3 to market slowly instead of pressing their cotton on declining markets. vll these features contributed to the advance, and the market's response to renewed buying was intensified by the fact that scat tering long lines had been pretty close ly liquidated before the close of busi ness last week. Liverpool was a buyer here as the local market did not fully respond to the strength there at the opening. One of the private cables received said that the market was healthy and that differ ences would probably widen, which may Xiean that British importers are getting to point where they will find it neces sary to replenish supplies. stocks o American cotton to Liverpool have been drawn upon rather heavily during the past two months and so far British im porters have not been mentioned as buy- yers of any importance in southern ad vices. All active months sold above tht 20-ccnt leyel during the morning, but met a little more soumern nettge selling above 20 1-2 cents for winter deliveries. This checked the advances and caused reac tions of 20 points or so lato in the morn ing. CHARLOTTE COTTON. Receipts today, 10 bales at .... .19Vic NEW Y'ORK. COTTON. New York, Sept. 20. The cotton mar ket showed renewed strength early to day with all deliveries selling above the 20-cent level and very nearly two cents per pound above the low price touched on the reaction of last weeK Liverpool was again much better than due with private cables reporting an active demand from shorts on poor crop accounts and a cnotinued good spot demand. The market here opened rirm at an advance of 38 to 52 points on a continuation of yesterday s buy ing movement. There was a good deal of realizing, causing slight reactions right after the call, but the strong cables, bullish spot advices and un avorable crop reports encouraged fresi buying. This absorbed the realizing sales and sent active months 60 to CIS points net higher lefore the end of the first hour, with December selling at 20.45 and January at 20.42. December sold up to 20. 5S and Janu ary 20. o2, or 7 to 8 1 points net higher before there was any halt in the advance. Realizing then became a little more active while bull support tapered off and there was some south ern hedge selling under which prices reacted some 30 to 36 points trom the best. Trading was active while prices were going higher, but the market be came comparatively quiet at the decline and held fairly steady arternoon in the noon hour. Trading was quiet during the early afternoon but realizing continued and prices worked lower with December selling off to 19. 9S around 2 o'clock or about 60 points trom the best and within 20 points of last night's closing quotation. OPES 1NEW YOillv FLTURES. New York, Sept. 20. Cotton futures opened firm. October 19.85; December 20.20; January 20.20; Alarch 20.00; May 20.00. CLOSE NEW YORK FUTURES. New Y'ork, Sept. 20. Cotton closed easy. Open High Low close Oct 19.85 20.15 19.30 19.30 Dec 20.20 20.18 19.78 19.70 .Fan 20.20 20.12 19.65 19.65 March .. 20.00 20.40 19.53 1S.6.S May 20.00 20.30 19.48 19.18 NEW ORLEANS New Orleans, Sept. COTTON !0. A vigorous .1 1 1 1 1 1 1 V I- 1 11 advance in the price ot cotton today tober up to 19.97 cents a st of active months show- gains or b3 to 3 points at the end of the first hour of the day. Later months were stronger than the near the widening out process in differences between months continuing and thi served to make traders on the Ion, side easier regarding the extent of tober tenders' "Better cables than due bv many points caused an excited anr. strong opening, after which the ad vance was carriea aneaa on oener in a low condition report on the crop at the end of the month. The advance persisted until it am ounted to 66 to 79 points, October ris ing to 20.00 cents. At these levels heavy realizing sales came from the long side and a reaction ensued, the market beiflg 36 to 42 points down from the highest at 11 o'clock The reactionars' tendency became marked during the last half hour of the session, recent buyers letting go in volumes. Prices were depressed to levels 4 to 20 points under the final of yesterday. October falling to 19.14 OPEN NEW ORLEANS FUTURES New Orleans, bept. 20. Cotton open ed steady. October 19.88; December 19.95; January 19.95; March 19.87; May 19.61. CLOSE NEW ORLEANS FUTURES. New Orleans, Sept. 20. Cotton closed barelv steady at net decline of 7 to 20 points. Open Hign Oct 19.88 20.00 Dec 19.05 20.30 Jan 19.95 20.26 March 19.87 20.17 May 19.61 20.03 Low 19,14 19.45 19.43 19.25 19.10 Close 19.14 19.45 19.13 19.25 19.10 LIVERPOOL COTTON. Liverpool, Sept. 20. Cotton: Spot quiet; prices higher; good middlm; 14.98: fully middling 14.28; middlin; 13.83; low middling 12.83; good ordi nary 11.78; ordinary 11.03. Sales 14,000 bales, including 7,500 Am'erican. Receipts 300 bales, all American. Futures closed -very steady. Septem ber 13.85; October 13.76; January 13.44 March 13.09; May 12.86; July 12.54. KENNETH GOSSETT APPLIES FOR BAIL Columbia, S. C, Sept. 20. Kenneth Gossett, sent to the State Penitentiary for fortv years on a conviction of crim inal assault, but recently ordered by the Supreme Court to a new trial, leaves the State penitentiary this afternoon for Greenville, where he appears before Associate Judge Cothran, of the Su preme Court, to apply for bail. The heflHnsr before Justice Cothran will be on W eanesaay. uusseu was uunvici . 1 s-. . : . . j in Anril, 1920, and sent up for 40 years His anneal for a new trial was success fui. His annearance in the open this nftpmoon is the first time he has left the prison since his incarceration. NEGRO CONFESSES CRIME. Lake Charles, La., Sept. 20. Jesse T?nn. negro, arrested in connection with the murder of Charles E. Raven apostolic preacher, near Vinton, Sit iirflav morning, nas coniessea to cue crime, according to Sheriff Lyons. The negro gave robbery as the motive, say ing ' that he struck his victim with a ,-inh intending to only knock him in- conscious. NEWg r Wall Street New York. Sept. 20. Professional selling pressure was again In evi dence at the opening of today's stock market, althougn gains outnumbered losses. United States Steel, the recent leader, made a rractional -advance, and Baldwin, Vanadium, American Smelt ing, Studebaker. ''-General Asnhalt, Roy al Dutch nd Ajax Rubber, also were moderately higher. On the other hand Slosss Sheffield and Bethlehem Steels, Sears Roebuck, Central Leather. Re tail Stores, Food Products, American Sugar and American International eased fractionally to one point. The closing was heavy. Sales ap proximated 550,000 shares. NEW YORK Last STOCK Sale. LIT. Allis-Chalmers 34 28 27 125 50 30 88 36 62 42 106 American Beet Sugar American Can .. 1-4 1-2 1-8 7-? 1-4 1-4 American Car & Foundry . . American Hide Si Leather pf.d American International Corp. American Locomotive .. .. American Smelting & Ref. . . American American Sugar Sumatra T. & T. Tobacco Woolen Copper . Tobacco American 1-2 5-S 1-8 1-8 1-2 3-, 3-8 5-8 3-8 3-4 1-2 American American Cna;.lC-ia ;ec. 37 85 25 85 37 53 112 27 42 54 Atchison Atl., Gulf & W. Indies Baldwin Locomotive . . Baltimore & Ohio . . Bethlehem Steel B Canadian Pacific .. .. Central Leather Chandler Motors Chesapeake & Ohio . . Chicago, Alii, frt. r-aut Chicago, R. I & Pac. , . Chino Copper Colorado Fuel & Iron Corn Products . . 24 5-8 . . ' 73 3-4 .. 61 3-8 8 1-4 Crucible Steel Cuba Cane Sugar . . Erie . . 13 1-8 General Electric . . . . General Motors Goodrich Co Great Northern pfd . . Gieat Northern Ore ctfs . . 122 1-4 .. 10 1-R .. 31 1-2 . . 75 1-2 .. 27 5 . . 95 Illinois Central Inspiration Copper .. .. 33 1-4 Int. Mer. Marine pid .. .. 43 3-4 . . 47 7-8 International Paper . . . Kenneeott Copper . . Louisville & Nashville . . Maxwell Motors . . 19 1-2 . . 103 107 . . 20 . . 11 . . 25 . . 19 . . 71 . . 14 .. 95 . . 76 7 1 Mexican Petroleum Miami Copper Middle States Oil .. ,. 1-4 3-4 7 Midvale Sceel . . . . . . 1-: Missouri Pacific . . . . 1-4 New York Central . . 1 N. Y., N. H. & Hartford Norfolk & Western . . Northern Pacific . . 1-4 1-4 1-4 1-2 7-8 5-S 1-8 3-S 5-S 5-8 1-2 1-4 Invincible Oil Oklahoma Prod. & Ref. Pan American Petroleum . . . . 49 Pennsylvania . . 38 . . 53 . . 26 . . 12 . . 69 . . 50 . . 47 . . 34 . . IS . . 77 . . 20 1 -I . . 73 8 People s Gos Pittsburg & W. Va. . . Ray Consolidated Copper Reading Rep. Iron & Steel .... Royal Dutch, N. Y. . . Shell Trans. & Trad. . . Sinclair Con. Oil . . 7-S Southern Pacific 1-8 3-8 'outhern Railway . . Standard Oil of N. J., pfd Studebakar Corporation . Tennessee Copper .. .. Texas Co 35 1-8 Texas & Pacific . 22 1-4 Tobacco Products 66 1-8 Transcontinental Oil 7 7-? Union Pacific 119 1-2 IT. S. Food Products .. .. .. 13 3-8 U S. Retail Stores 52 1-4 U. S. Ind. Acohol "45 3-- IT. S. Rubber f 47 3-S U. S. Steel 77 3-4 Utah Copper 49 1-S Westinghouse Electric 44 Willys Overland 6 Pure Oil . 24 1-4 Atlantic Coast Line 86 Coca Cola . . , 34 1-2 Gulf -States Steel 37 1-8 Seaboard Air Line 5 1-2 Sloss, Shef. Steel & Iron .... 38 United Fruit 107 1-i Virginia Caro. Chem 29 7-S American Tobacco 123 1-2 American Zinc 8 Gen. Asphalt 4S 1-8 Bond Market By STUART P.. WEST. Staff Correspondent of The News. Copyright, 1921. by News Publishing Co, New York. Sept. 20. Among the features in the bond market toctaj were the advance in Liberties and the great strength in Mexican government issues, particularly the 5 per cents ihese Mexican bonds sold up as nign as o9. whereas previous to tnis week the high of the year had been on. The movement was taken to indicate that the long-heralded financial plan of the Mexican government, arrived at as the result of conferences with American financiers, was on the point of announcement. As is well known this plan will involve the resumption of interest payments which have been suspended since 1914. The Lioertv group naa tne largest ise of anv day in some time. The 4 l-4s of the third loan made a new high for the year, crossing 93. The market for Liberties had been sitmu- lated by the heavy over-subscription to the $600,000,000 new treasury notes. As these notes have now commanded a fair premium it is quite possible tnat the next issue will be made at a lower rate of interest, especially if in the meantime Federal Reserve rates have been reduced. The flotation o short term notes at a reduced interest return would, of course, be accepted as distinctly bumsn ior tne govern ment war securities. Another block of $20,000,000 equipment trust certificates in the hands ot tne government nas been placed with New York bankers. In a market Tike this,, a security of so lierh a rank snouia go very easuy and the expectation that before the overnment gets through it will have disposed of the bulk of these certih cates which it has been holding since the termination of the period of Fed eral control. 1 here were no new offerings of importance in the market todav. Belgian bonds were lower, affected bv the uncertain position in the ex changes. The 6s of 192o dropped three-nuarters of a point and the 8s one-half a point. Sao Paulo Ss were also fractionally down. Japanese is sues were firmer, and Chinese railway 5s miite strong. ihe feature in tne traction group was a new high lor Hudson and Manhattan income os. These honds continued to work up to ward the level at wmch they would be entitled to sell on the assumption which seems to be warranted by cur rent earnings that their full interest is secure. The railway list was ir regular, with no important changes. m-l 1- I .in T.mn rtll r-1-i.rwi 1 eiCPHUIie JOOUGO WCIG 111 5UV"Ol following the lead of American Tele nhone. and Telesraph stock which,- al lowiner for the quarterly dividend that came off the price this morning, mad a new hign for the year. The Ameri ran Telenhone and Telegraph conver tible 6s crossed 101 and the collateral trust 5s srot up to 88 as against S7 ; vesterdav. New York Telephone bonds rose over half a point. Other indus trials were irregular. The . steel sink ing fund 5s gained half a point and so did Goodvear Ss. Duquesne 6s and Mexican Petroleum 8s were easier and American Writing Paper 6s dropped off nearly a point. LIBERTY BONDS, York. Sept. 20. Liberty 3 l-2s, 87.86; first 4s, 4s. 89.30; first 4 l-4s, 4 l-4s, S9.34; third 4 l-4s. 4 l-4s, 89.54; victory 3 victory 4 3-4s, 99.12. CHICAGO POTATOES. New bonds S9.20; 89.28; closed: second second 92.91; fourth 99.12; 3-4s, Chicae-o. Sept. 20. Potatoes steady; fnt.ii rTnitAri .states snmments ioi Idaho second wnne sacKea z.oo to i.w! nurt ATainA CODDierS OUIK Z.-IO lO -.:'-' nwt'' Minnesota Red River Chios sack- ed 2.25 to s.io- - " ' . - c NEW IOBK SPOT COTTON.. New quiet; York, middlin Sept. r 19.80. 0. Spot cotton curb; BONDS STOCKS Livestock i-Vtrht. ID2J. by Xcir I'ulIishing Co. Union Stock Yards, Chicago, Sept. 20. Sellers "had more cattle on hand than thev had expected, and it was a slow trade, even for good steers. About 3 000 cattle were held over from the day be fore, while 1,200 westerns arrived during the day. A stale supply of 6,200 hogs held over from yesterday, added to the fresh run, made lower price 3 while iambs also were on the decline Receipts 'today vere estimate at 11. 000 cattle, 24.000" hogs, 26,000 Pheep and lambs and 3.000 calves. CATTLE: Best light yearling? sold about steady but the trade showed little action. Some 937-pound animals made $10.50. Most of the steers went at $6.25 to 8.75. The trade was unevenly lower for all plain steers. Cows and heifers sold better than expected, while canners and cutters also held without change. Bologna bulls dropped 15 to 25 cents with few above $4.50. Cal.-t'j sold at weak prices, but small lots went to out siders at $13.75 to $14.00. HOGS: Values were 10 to 1". cents lower from the start, but later in the day all hogs were dow-n 10 to 25 cunts. Top light animals sold at $8.60 early but $8.50 took the best on .hand later. Some of the plain packing hogs s-'old below $6.50 at the close. SHEEP: Lambs again dropped 25 cents j Choice westerns made ?lo but best natives went at $9. Big packers to-;! many good native lambs at $8.2to S ;,. ! eed ing lambs held about steady, top lots being quoted at $6.75 to $7.50. Few aged muttons were on hand, and values were steady. CHICAGO LIVESTOCK. Chicago. Sept. 20. CATTLE: Receipts L1.000; yearlings, desirable handyweight steers and heif ers, stockers andx feeders steady; other steers, fat cows, bulls and veal calves slow to lower; early top yearlings 10.50; bulk beef steers 6.25 to 9.00; bulk bologna bulls 3.85 to 4.35; bulk veal calves 12.50 to 13.00. HOGS: Receipts 24,000; fairly active; mostly 15 to 25 lower than yesterday's average; light lights 25 to 40 lower; practical top 8.50; one load light butchers early 8.60; bulk light and light butchers 8.15 to 8.50; packing sows 6.65 to 7.15; pigs mostly 50 cents lower; bulk desirable 6.75 to 7.25. SHEEP: Receipts 26,000; fat lambs 25 to 50 lower; sheep and- feeder lambs steadv; top native lambs 9.10; bulk earlv""around 8.50; culls 5.25 to 6.00; fat western lambs. early 9.65; good 105 pound western wethers. 5.50; choice feeder lambs 7.50. v L Grain Market I I 1 Copyright, 1021, by News Publishing Co. Chicago. Sept. 20. rne wneat mar ket showed a strong tone, although op position to the bulge was stronger than on any day berore. 1 ne contin ued wet weather and talk of shock damage brought enough buying to cause a deay climb upwara, espe cially in view of the light pit offer ings. At $1.35 for December and $1.34 for May some long wheat profits came out and this encouraged some short selling by pit bears. There also was pressure from short sellers shortly before midday encouraged by reports of resellers under selling ao- mesti6 exporters abroad. Commission houses picked up the offerings and reared pit shorts into covering, a rally to nearly the best prices of the lay following. Cash wheat premiums were uncnangea. snipping ciemana was slow, although one shipper said he had an inquiry for soft wheat from an Ohio mill. Offers of 100.000 'bushels of wheat at two cents below the cost of replacement to seaboard exporter failed to effect a sale. Sales of oO.OOO bushels of wheat were made to go to store. There was a litlte business reported done in Pacific wheat to Russia by a London re-seller. Local professionals bought corn and advanced prices early but northwest houses sold and caused a reaction. Later in the session business was mainly local. Wet weather damage is causing some buying but big receipts are against any sustained advance. -hipping demand slow, bales of 100.- 000 bushels of contract corn were made to go to store. Vessel room was chartered for 350,000 bushels of corn from here and 450,000 bushels from Milwaukee at two cents to 2 1-4 cents to Buffalo. Oats were inclined to follow tne trend of other grains. A prominent ommission nouses with eastern and noithwestern connection bought early. Klevator interests sold on the bulge- Cash oats basis was unchanged. Ship ping demand poor overnight but im proved after the opening. Provisions were auii. some selling of lard early on the break- in hogs but strength in grain induced buying. Chicago, Sept. 20. Opening from 1-4 to wheat 1 1-4 quotations varied cents higher. Corn started a shade to S cent 1-2 to higher. Oats started 1-S to 1-4 to 5-8 cent up. In the provision market the effect of lower quotations on hogs was more than counter-balanced by higher grain and cotton. Prices closed unsettled at the same as yesterday s finish to 1- cent higher. Subsequently, the corn market relaxed and the close was heavy at the same as yesterday's finish to 1-8 to 1-4 cent lower. CHICAGO GRAIN AND PROVISIONS. Chicago, Sept. 20. Open High Low Close WHEAT Dec 1.28 1.30 1.27 1.28 May 1.32 1.34 1.31 1.31 CORN Dec 53 53 52 52 May 58 ' 58 57 57 OATS Dec 38 39 38 38 Mav 42 43 42 43 PORK Sept 18.50 LARD Oct 11.05 11.10 11.00 11.07 Jan 9.80 9. 85 9.70 9.72 RIBS - Oct 7.90 7.90 7.7o 7.75 Jan 8.25 8.27 8.20 8.20 CHICAGO CASH GRAIN. Chicago. Sept. 20. Wheat, No. 3 red 1.28 1-2; No. 2 hard 1.27. Corn, No. 2 mixed 53 1-2 to 53 3-4; No. 2 yellow 53 1-2 to 54. Oats, No. 2 white 37 1-2 to 38 1-2'; No. 3 white 35 1-4 to 36 3-4. Rye, No. 2, 1.07. Barlev 57 to 59. Timothyseed 4.00 to 4.50. Cloverseed 12.00 to 18.00. Pork nominal. Lard 11.00. Ribs S.00 to 9.50. PARLIAMENT OPENS AMIDST DISORDERS The Hague, Sept. 20. (By the As sociate! Press). Parliament was open ed by Queen Wilhelmina today amidst scenes of disorder. A demonstration was carried out in the street before the Parliament building for the purpose of securing the release of a man named to perform military service. Several persons 'who attempted to approach the Roval carriage, were arrested. Anti-militarist shouts were raised in the Parliament hall itself and the read ing of the speech from the throne mo mentarily was drowned in the tumult. WINSTON MARKET OPEN. Winston-Salem, Sept. 20. The loc-n leaf tobacco market opened today and sold about 400,000 pounds at an aver age or za cents, several pues Drougm. one dollar per pound. Farmers --re pressed themselves as being won pleased with prices received. It is es timated this year s crop will oe aoouc 60 per cent as compared with lafjt I year- 66 CLOG HOOF' IN STELLAR ROLES "Bad Men" of African Town Led Him Merry Chase to Theater. "Clog Hoof" Crawford, negro come dian for a patent medicine concern, didn't stop to buy a ticket Saturday night when African "bad men" chased him into the Palace theater with rocks, and started a disturbance that wound up in the police court Tuesday morn ing. Charges against Jim Nelson, .13 gro cook and friend of Crawford, fo.-knocking- consciousness out of th? "hardest man in town" with a walking cane were dismissed by Judge Laurence Jones. The stage was set for a rare drama Tuesday morning when plaintiff and de fendant strolled into the court room with witnesses trailing on every sido. In front of the procession walked J. T. Sanders, negro lawyer, who had been looking up the record of tha "hardest man in town" since Saturday night with the intention of appearing for Pancake Nelson, as some call thJ cook. Taken as a whole, the amusing dence gave the corner of Caldwell Second streets as the scene of evi- and tiV.l melee. It was here that "Clog Hoot" Crawford, a "stray nigger" from Mid- ison, Indiana, began to spread uround stories of his skill as a. dancer. A local brownskin by the name of Rjs tus resented the ostentation and in vited "Clog Hoof" into a. contest. THE FI N BEGINS. And the negroes crowded around as a small enclosure was chosen for the exhibition. Nagging from bystanders proved too much for the good nature of the contestants, however, and a hot argument began. "Bad men" of 'he town started to close in on "CIov- Hoof." "Run, nigger yer now!" came the friends. life is in yer lnn-ls warning cry o; And "Clog Hoof" lit out. Behind him came all the Jesse James', Max Jux's, Ponzis, Black Beards, Captain Kidds and other hard-boils in D"ik town. By the skin of his teeth "Co? Hoof" reached the Palace theater. He dashed into the crowded pleasure svek ers at a terrific rate iust as Pearl White was slipping off of P'k'r. Peak. The excitement was cinched. Then Pancake Nelson arrived on Tr -scene. "Clog Hoof" was his fr'eiv.I. and in he went to, take the frightened dancer to a place of safety. It was at this point that Ed Smith, who wields n butcher knife with the skiil of eji Italian handling spaghetti, appr n hM the would-be rescuer with tv. long, bright wicked blade. But Paoeaki bad dealt with fire long enough to keep si cool head, and he snatched a walking cane from '"Clog Hoof," srritin tho human butcher with-such forc, that he was knocked out for fbout 10 minutes. "CLOG HOOF" TALKS. Then came the cross-ex ".minntin. Smith admitted on "-tiie stand that hy cuts up people like a child cuts 11a paper dolls. On one occasion he tesli fled that he almost hacked a man to death without the slightoct provoca tion, saying that he "didn't know vhy he did it." He beat his wife frequently and simply "ruined" his friends. H? declared he made for Pancake NeIso:i because Pancake was "carrying roun.l a stray nigger. "Clog Hoof's" testimony, was sld-?-splitting. He told of the chase With excitement. When he got the pl.vcj where he made up his mind to rut, Solicitor Guthrie asked. "That's when you started towarls the theater, wasn't it?'" "Started towards it?" exploded "Clg Hoof," "Cap'n, I went in it!" In telling of the medicine he sold, "Clog Hoof" declared that he had no idea what it Avas good for. "De doctor dat makes it says it's good for everything " he explained. "I draws de crowd, while de doctor hands it around. No matter what ails de mir gers. de. doctor says dat stuff will do de work. We's sellin' a lot o It here, but, gentlemen, dese here bad men is too much for me. I wouldn't go back on Second street to pick up a millivi dollars. I'm ready to git out o' here " DISPUTE PAYMENT OF $45,000 DEBT The Mecklenburg Highway Commis. sion and the Board of Countv Commis sioners are in a controversy as to which these two bodies shall pay a debt of $45,000 oh the hard surfaced road from Charlotte to Monroe. The County Commissioners sent the bill to the Highway Commission with the announcement that the contract for building this highway was not nego tiated by that body, but was art- inheri tance from a former board of commis sioners and, therefore, it did not feel obligated to make the Payment, and that, inasmuch as mission has been expenditure of all highway purposes, nearly fall -within body . the Highway Comf entrusted with the public monies for the bill would more the scope of this The Highway Commission has courte ously returned the compliment. The commission takes the ground that, the contract was made and executed prior to the creating of this new body and that, inasmuch as it had no part nor parcel in the making of such contract, it feels, under no obligation to meet the payment. The $4o, 000 due is a part of the sum involved in the completion of the Mon roe highway and the State has called upon the local autnonties to maicc tneir part of the total payment. This road was co-jointly built by the State and the county under contract made by the County Commissioners with Chairman Page of the State Commission during the administration of A. Morris Mc Donald as chairman. COUNTY SCHOOLS SHOWING INCREASE Schools in the county that have so far opened rhow the largest attendance on record, County Superintendent Mat thews stated Tuesday. So far only a few of the schools are in operation, however. The date for the opening of all schools that will run for only six months as required by the law of the State is November 15th, and this county still has a number1 of rural schools that will run only for this length. Hew ever, quite a number run for a longer term and have already opened. Superin tendent Matthews reports thatj there have been more applications for con solidations and for. motor truck trans portation of children than the board is financially positioned to give. HOOVER TO SPEAK AT DUNN ANNUAL FAIR Dunn. Sept. 20. Night shows of fireworks and band concerts have been added to the program for Dunn's fair which is to be held October 11 to 15, and. at which Herbert Hoover and Mrs. Georee W. Vanderbilt are to be amone the sneakers. The fireworks program is the most elaborate ever attempted hree. For three nights of fair week the - fire works show will be featured. - All of the tented shows and exhibit halls will be open every night. UNEMPLOYMENT LISTS SELECTED Program for Conference is Being Worked Out by Secretary Hoover. Washington, Sept. 20. The list of participants having been virtually corn pleted, work proceeded today toward the working out of a program for tha national conference on unemployment, which President Harding has called to meet next Monday in Washington. Those invited to take part in ths conference include 35 men and three women, but it is expected several addi tional names will be added to the lidt before the convening pf the conference. The list now includes the names of Sec retary Hoover, who has been designa ted by the President as chairman of the conference; Secretary Davis, Sam uel Gompers, Charles M. Schwab, tha steel manufacturer; John L. Lewis, of the United Mine Workers; W. S. Car. ter, president of the Brotherhood of Locomotive Firemen and Enginemen; Mayor Couzens, of Detroit; C. H. Marl: ham, president of the Illinois Centril Railroad; Matthew Woll, vice-president of the American Federation of Labur; William M. Butler, of Boston, manu facturer; President Butler Mills, New Bedford Cotton Mills, Hoosac Cotttitt Mills; Edgar E. Clark, ex-president Or der of Railway Conductors; Joseph ti. DeFrees, of Chicago, president Cham ber of Commerce of the United States; T. E. Edgerton, Nashville, Tenn., pres ident Lebanon Woolen Mills: John H. Kirby, Houston, Tex., president Kirby Lumber Compan5r; Charles P. Neit'. Washington. D. C, former United States Commissioner of Labor Statis tics; W. C. Proctor, dent Proctor and Cincinnati, presl Gamble: Colon-.d Arthur Woods. New York, former Po- lice Commissioner of New York. The three women who have accepted invitations to sit in the conference-aro Ida Tarbell, Mary Van Kleeck. of tho Russell Sage Foundation, and Eliza beth Christman, of Chicago, an officer of the National Woman's Trade Union League. President Harding was understood t.- have tinder consideration today a sug gestion that he address the conferenca at its opening session. WORD FROM PAGE ONLY OBSTACLE County Highway Commis sion in Position to Sign State Contract. Word is expected Tuesday from Chairman Page of the State Highway Commission in regard to his decision as to which of the routes from Char lotte to the Ire-dell county, line, the present Statesvilfe road or the Derita road, will become a part of the Char-lotte-Statesville highway. The Mecklenburg highway commis sion notified Chairman Page a few days ago that it would sign the contract which the State commission tendered it, this contract indemnifying the State against all damages for rights-of-way, etc. This contract can be signed by the local commission as to either of the two roads that may be chosen up to a point 12 miles from Charlotte. The commission is not in position yet to sign a contract indemnifying the State against damages beyond that point, which is an overhead crossing of the Statesviile railroad, for the reason that property owners beyond that crossing have not supplied the commissioners with proper waiver papers. Whether Mr. Page will assume the duty of saying which of these two roads shall be selected by the State, in tho absence of District Commis sioner Wilkinson, is not known here. Prior to. leaving for Los Angeles, Cal.. last Tuesday night, Mr. Wilkinson no tified Chairman Page of his contemplat ed absence from the city and invested him with the authority to proceed with all necessary plans for letting this qon tract. It was expected that as soon as the Mecklenburg commissiun was in posi tion to guarantee the State indemnity from damages, the State officialr. would move and Chairman Griffith stated Tuesday morning that he was looking for a telegram from Mr. Page any mo ment informing" the local body of his plans in the- premises. CITIZENS PROTEST SERVICE STATION Whether a gasoline filling station in a residential section is a public nui sance was a point of argument before the city commissioners Tuesday when a petition from citizens residing on West Trade street was presented after a group of men, led by D. M. Aber-' nethy, requested a license to estab lish and operate the station. W. J. Fite, who presented the peti tion signed by about 40 residents of the neighborhood, protested the estab lishment of the filling station in 'the! 800 block upon the contention that it would create a dangerous situation in ' a block where reside 46 children, that : the gasoline and oils would create . a disagreeable odor and that the presence of the station would have a degrading effect on property. Gasoline stations in Charlotte are following the grocery stores in invad ing the residential sections of the city. No complaints over the establishment of grocery stores are on record and this is the first complaint the commission ers have received regarding the es tablishment of a gasoline station. Mr. Fite was . notified that the com missioners have no authority to re fuse to grant the license; whereupon Mr. Fite said that he merely was pre senting the petition to save the would- be owners of the station trouble, as the residents of the neighborhood will take legal action if the station is establish ed upon the ground that it is a public nuisance. The threat of the West Trade street citizens to resort to legal measures to prohibit the establishment of the sta tion created an interesting situation in view of the spread of service stations into virtually every residential section, of the city. The point was brought out during the argument that public com plaints have, not been made against grocery stores which are also located in all sections of the city. IREDELL MEARES OF WILMINGTON HERE Iredell Mtares, formerly of Wilming ton, now conned ed with the office of Attorney General Daugherty is spend ing the day in Charlotte, having com here for a conference with E. Gar land Brown, attorney of Winston-Salem. Mr. Meares' specialty In the at torney general's office is handling can tonment claims and this work keeps him constantly on the road. Mr. Meares has been prominently connected with the Republican organization of the State for a number of years. REV. R. L. BROWN ILL. Salisbury, Sept. 20. -Rev. R. L. Brown, aged 80 years, one of the old est Lutheran ministers in the State, iaj critically ill at his home near Chris-i tlana church; Rowan county.