18
THE CHARLOTTE NEWS, CHARLOTTE, N. C, SUNDAY MORNING, SEPTEMBER 25, 1921.
' : ' ' ' ' ' " 9 : '
- - ill -MtBtMMMMMMMMMMIMM'rrmT- ...i f
LIVESTOCK
COTTON
GRAIN
ARKET QUOTATIONS; FINANCIAL NEW
mmr uaam nviRiiimv uivrnK PAfiS MTRt.TSHED I2C TUB CABOLIMAS..
EDITED BY STUART PwK Vft fciacUl Edl The N.w York Gtob
CURH
BONDS'
STOCKS
STEEL TRADE IS
GETTING BETTER
Some Improvement Noted
in Big Industry; Boll
Weevil Takes Toll.
Written for The International Xew
Service.
New York, Sept. 24. Deterioration
of the American cotton crop was em
phasized this week by Southern esti
mates that boll weevil alone has cost
the cotton growers $400,000,000 this
year. This estimate is based upon
present prices.
Further improvement has been made
In the steel trade but there are indi
cations that prices of some steel fab
ribs will be increased soon.
A feature of the stock market was
the strength of Liberty bonds which
are rising: in price. i ne tnira issue t
4 1-4 per cent Liberty bonds sold up
to 93, a new high mark for the year.
Reports from mercantile agencies say
that trade is fairly good, but there
has been a slowing down in dry goods,
especially In the middle west.
Southern Stocks & Bonds
QUOTATIONS FURNISHED BY
American Trust Company, Charlotte, N. C.
A. M. Lavr & Company, Spartanburg, S. C.
Hill, Clark & Company, Charlotte, N. C.
R. S. Dickson & Company, Gastonia, N. C. and Greenville, S. C
This service, which is published every Sunday, is a co-operative ef
fort between The News and the dealers mentioned above to present a
consolidated list of quotations on various Southern securities. These
quotations are not guaranteed, but represent the latest available figures.
80
MONEY.
Money on call on the New York
stock exchange ranged from 5 to 4 1-2
per cent during the week, but some
loans were placed outside under 4 1-2
per cent. Easier money reflected im
provement in the banking situation.
COMMERCIAL FAILURES.
Three hundred and twenty-one com
mercial failures were reported this
week against 330 the previous week.
BANK CLEARINGS.
Clearing house exchanges of bank
checks in the United States this week
were estimated at $6,777,454,000 against
$6,805,442,900 the preced4ng week and
$8,487,190,487 a year ago.
STOCK EXCHANGE.
The average price of 20 representa
tive industrial shares on Friday on the
New York Stock Exchange was 70.90
.against 70.S3 last week and 86.35 last
year. The average price of "0 rail
road issues was 74.69 against 73.26
last week and 80.30 last year.
GRAIN.
Export demand for American grain
revived at the end of the week. A
quarter of a million bushels of wheat
were bought for export on Friday in
Chicago. Unfavorable weather, cold
and rain were reported from the north
west and from the Canadian wheat
belt. The movement of wheat is break
ing all records and the visible supply
Increased 4,069,000 bushels. .
It is estimated that America has
produced 740,000,000 bushels of wheat
whereas the American requirements are
625,000,000 bushels, leaving about 115.
000,000 bushels for export. The wheat
and flour xeported in July and August
totalled 97,000,000 bushels, the greatest
amount on record. The corn market
has been sluggish. The movement this
week Increased the visible supply 1,
009,000 bushels. The crop is making
good progress despite too much rain
in some places.
COTTON MI.T. STOCK
Bid
Abbeville Cotton Mills
Acme Spinning Co. . .
Aileen Mills, Inc.
American Spinning Co
American Yarn & Proc. Co. 114
Anderson Cototn Mills .... 68
Aragon Cotton Mills . - .. 190
Arcade Cotton Mils ...
Arcadia Mills 200
Arkwrlght Mills 200
Arlington Cotton Mills
Arrow Mills, Inc
Augusta Factory, Ga 42
Avondale Mills. Ala B00
Kanner Mills
Helton Mills
Blue r.uckle. pfd (per 100) 17 Ya
Frogan Mfg. Co 77
Brown Mfg. Co 275
Cabarrus Cotton Mills 170
Calhoun Mills
Cannon Mfg. Co. 186
Chadwick-Hosklns Co. (par
value ($25) 10
Chadwick-Hosklns Co. 8 per
cent pfd
Chesnee Mills
Chiquola Mfg. Co 130
Chiquola, pfd 74
Clara Mfg Co 110
Cliffside 600
Clifton Mfg. Co. 124
Climax Spinning Co 122
Clinchfield Mfg. Co
Clinton Cotton Mills 200
Columbus Mfg. Co 150
Consolidated Textile Corp. 14
Converse, D. E. Co. :
Crescent Spinnnig Co
Dacotah Cototn Mills
Dixon Mills. Inc
Drayton Mills
Dunean Mills
Dunean Mills, pfd
Durham Hosiery Mills, B..
Durham Hosiery Mills, pfd
Eastern Mfg Co
Eastside Mfg. Co
Eflrd Mfg. Co
Enterprise, Mfg. Co
Erwin Cotton Mills
Krwin Cotton Mills, pfd . .
Flint Mfg. Co
Florence Mills
Gaffney Mfg. Co
Gibson Mfg. Co
Glenwood Cotton Mills.. ..
Globe Yarn Mill
Gluck Mill ..
Grace Mfg. Co
Gray Mfg. Co
Greenwood Cotton Mills . .
Grendel Mills
Grier Cotton Mills
Hamrick Mills
94
82
400
100
43
83
80
20
80
95
35
120
85
99
72
175
105
63
100
150
100
COTTON.
The next government report on the r"" itin 'V 'a
new cotton crop will be issued on Kn tt ng Co. A
October 8 anrt Romt traders p-x-nrpssftrl ! "i"res Jvniiung -o. x
140
IIVq
11
the oninion todav that if fheesti-
mate falls as low as 5,800,000 bales
the farmers may fulfill their hopes
for 30-cent cotton. The amount of the
crop brought into sight on the move
ment this week was 306,500 bales
against only 205,000 bales this week
last year. This makes the total am
ount of the crop marketed or brought
into sight from August 1 to date 1,
354,000 bales against 821,000 bales in
the same weeks last year. The exports
dropped off this week.
BUILDING.
Construction is undergoing a revival
in the Middle West. Building mate
rials are slightly cheaper and wages
are lower. j ne carpenters at ir'itts-
Hanes pfd 97
Hartsville Mill
Henrietta Mills
Highland Park Mfg. Co.
Imperial Yarn Mills .
Jennings Cotton ' Mill .
Judson Mills
Judson, pfd
Lancaster Cotton Mills
Laurens Cotton Mills .
Limestone Mill
306
210
245
89
175
95
145
Ask
105
55
300 -120
. 72
215
US
275
150
50
ioo
95
195
12
100
200
190
125
135
250
Ho
16
84
430
'60
91
86
30
87
105
55
130'
98
275
101
190
200
115
70
105
85
300
130
97
160
13
13
100
350
660
176
225
265
225
105
150
Locke Cotton Mills 105
Lola Mfg. Co
Majestic Mfg. Co 125
Marlboro Cotton Mills .... 74
Marion Mfg. Co 125
Mills Mill
Mollohon Mfg. Co '
Monarch Mills. S. C 105
Myers Mills V
Myrtle Mills 105
National Yarn Mills 125
Newberry Cotton Mills.. .. 125
Norcott Mills 250
Norris Cotton Mills
Oconee Mill's
Orr Cotton Mills 116
Osceola Mills
Pacolet Mfg. Co .... 150 t
Panola .Cotton Mills
Parkdale Mills 115
Patterson Mfg. Co. 185
Pelham Mills
Pelzer Mfg. Co 110
Piedmont Mfg Co 12o
Poe. F. YV. Co
Poinsett Mills
Ranlo Mfg. Co 104
Rex Spinning Co
Rex Spinning Co. pfd 89
Phyne-Anderson Mills Co
Rhyne-Houser Mfg. Co. .. 70
Ridge Mills Inc 74
Riverside Mills ($12.50) .. 9
Konda Cotton Mills ...... . .
Rocky Face Spinning Co
Rowan Cotton Mills 80
Saxon Mills
Seminole Cotton Mills . . . . 10a
Sibley Mfg. Co 49
Spartan Mills HA
Sterling Spinning Co S3
Superior Yarn Mills .... 85
Toxaway Mills (par $25) .. 28
Tucapau Mills
Union-Buffalo Mills Co
Union-Buffalo Mills 1st pfd 5
Union-lBuffalo Mills 2nd pfd 39
Victor-Monaghan Mills. . .. 90
Victor-Monaghan, pfd.. .. ?8
Victory Yarn Mills o
Ware Shoals Mfg. Co Io0
Watts Mill
Watts Mill, 1st pfd
Watts Mill, 2nd pfd
Winget Mills Co 74
Wiscassett Mils Co 22o
Woodside Cotton Mills 99
Woodside Cotton Mills.. .. 73
OTHER QUOTATIONS.
North Carolina State in . . 80
North Carolina R. R. stock ...
Carolina Power & Light. . 25
R. J. Reynolds Tob. A .. 70
R. J. Reynolds Tob. B 3oy3
R. J. Reynolds Tob, pfd.. Mvz
Anderson Motor, pfd ..... 3
Anderson Motor, common.. 1
Coca-Cola
100
150
7S
151
250
125
"si
130
iio
300
100
125
12
225
160
85
140
100
112
iio
95
"86
92
100
'so
11
110
80
ioo
54
113
86
100
29
220
25
41
92
100
85
165
110
81
95
85
ios
75
83
130
28
80
37
ioiy2
4
35
CHARLOTTE BANK STOCKS
American Trust Co
Charlotte National Bank.. 200
Commercial National .... 199
First National 230
Independence Trust Co 175
Merchants & Farmers .... 200
Security Savings Bank.... 100
Charlotte Morris Plan
135
185
10
108
Durgn nave just accepted a
cent wage cut.
per
FOOD PRICES.
There was a slight downward trend
in the price of foodstuffs in the
eastern markets. Winter flour declined
from 15 to 25 cents a barrel and
bacon also was cheaper. Eggs and
cheese increase In price.
Financial Outlook
STOCK MARKET,
HOLDS STRENGTH
Railway. Shares Leading in
Upward Movement ; Trade
- Reports Good.
By STUART P. WEST.
Staff CorrpNtinndent of The News.
Copyright, 1921, by News Publishing Co.
wall street, New XorK, sept. si.
Today's stock market started in
strong again under the lead of the
railway shares. Leading raemners or
the trrouD such as Southern Pacific,
Union Pacific. Atchison and New York
Central got somewhat above their high
ofyffsterday.
But the uDward movement in tne
rails was checked by the weakness
developing in a few of the industrials.
A violent break in Royal Dutch, on the
report earlier in the weeK mat tne
company might abandon some of its
Far Eastern properties, because of
excessive taxation, brought heavy sell
ing Into other of the oils. This un
settled the market in the later deal
ings, but did not affect the underlying
feeling or confidence cnaracterizing ine
market as a whole.
The week-end reoorts by the busi
ness agencies were encouraging as they
have been all through the last montn.
They brought further support for the
view that the trade volume is slowly
increasing and will continue to gam
through the autumn, until it develops
into a reaiiy active Duyins movement
some time in the early part of next
vear. Steel shares were notably strong
early in the morning, although later
vielding under the influence of the
drop in the oils. American Sumatra
was another weak DOtnt. suggesting a
reduction in dividends. Fluctuations
in wheat and cotton were again com
paratlvely small. Sterling exchange
was down more than two cents irom
its high in the middle of last week.
NEW YORK STOCK. LIST,
l.nat Sale.
Allis-Chalmers 33 3-8
American Beet Sugar 28 1-i
American Can -
American Car & Foundry .. .. 127
American Hide & Leather pid oi i-s
American International Corp.. 32 7-8
American Locomotive . .
American Smelting c ftef.
American Sugar . . . .' . .
American Sumatra Tobacco
American T. & T
American Tobacco Sec. : .
American Woolen
Anaconda Copper
Atchison
Atl.. Gulf & W. Indies . .
Baldwin Locomotive
Baltimore & Ohio
Bethlehem Steel "B" . .
Canadian Pacific
Central Leather
Chandler Motors
Chesapeake & Ohio . .
Chicago, Mil. & St. Paul ..
Chicago. R. I. & Pac
Chino 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
International Paper
Kennecott Copper
Louisville & Nashville .-. ..
Maxwell Motors
Mexican-Petroleum
Miami Copper ".
Middle States Oil
Midvale Steel
Miss.ri Pacific
New' York Central
N. Y., N. H. & Hartford ..
Norfolk & Western
Northern Pacific .. . . . .
Invincible Oil
Oklahoma Prod. & Ref. . .
Pan American Petroleum . .
Ray Consolidated Copper . .
I Live Stock
7 -1 '
Copyright, 1921, by News Publishing Co
Union Stock Yards, Chicago, Sept.
24. Livestock trade was of little ac
count today. Hogs were again down
a dime in many spots, and values were
the lowest since in January. 1916. Some
of the best light hogs sold at $10
Monday of this week, which was the
the high point, against $18.25 the
corresponding week last year. The
best steers were almost at $18.25 a
year ago, while this week's top was
$10.90. Choice lambs around $14 a
year ago, with good westerns quoted
at $8.75 today.
Receipts of livestock todav were
estimated at 1,000 cattle: 4,000 hogs;
9,000 sheep and lambs, and 300 calves.
CATTLE: No good steers arrived
.today and the trade "was of little
voiume. oman lots were picKea up
here, and though the general market
for steers closed better than the low
time Wednesday, it still was easy to
25 cents off from the close of last
week. Cows were placed steady to 25
cents lower while canners and cutters
gained 15 to 25 cents during the week,
good canners being quoted at $3;
bologna bulls dropped 25 to 40 cent9
with tops at $4.50, while veal calves
showed a decline of $1.
HOGS: Hogs sold steadv to a dime
lower. Some of the best light lots at
$8 to $8.20 were about like the aver
age of the day before, but most of the
run consised of heavy animals, and
these were off 10 cents. The top of the
trade was placpd at' $8.25 against $8.25
yesterday and $8.60 a week ago. Rough
packing grades went over at $6.15 to
$6.40. '
SHEEP: Of the estimated 9,000 more
than 7,500 were received by big Killers
from other markets and there was
little done here. Lames closed $1 to
$1.50 lower for the week while ewes
were down more than 25 cents in
spots. Feeding lambs also were a lit
tle off at the close.
By STUART P. WEST,
Staff Correspondent of The News.
Copyright, 1931. by News Publishing Co.
New York, Sept. 24. In no week so
far this year have developments affect
ing the business and financial situa
tion been so uniformly favorable as
those of the past six days. In the
Eastern section of the country, almost
the last steps have been taken in un
doing the restrictive measures upon
credit which marked the period of
extreme inflation from the Fall oi
1919 to the mid-Winter of 1920-21. In
the midst of the crop-moving season,
when money demands are ordinarily
at their maximum, the Federal reserve
banks at New York and Boston have
reduced their discount rates to Ave
per cent, that is, nearly back to
where they were two years ago. The
general banking position is the strong
est in four years, and the present
ratio of 68 3-4 per cent compares with
49 1-2 per cent in the final week of
September, 1919.
LOAV RATES FOR LOANS.
In keeping with the reduction in
bank rates, open market quotations
have fallen so that commercial paper
is back very close to what it was in
the early autumn two years ago,
while time money is much easier than
it was either then or at the same
period of 1918. In fact, the present
figures of 5 1-4 to 6 1-2 per cent on
loans for fixed periods are the lowest.
Roval Dutch. N. Y.
steel mills is lokoed for during the Shell Trans. & Trad.
remainder of the vear. although witn Sinclair Con. Oil
no broad buying for forward delivery Southern Pacific
exnected before 1922. The tor of the Southern Railway
copper market is Tirmer ana tne ae- htanaara on oi jn. j.
pfd
mand somewhat better than a week Studebaker Corporation
ago. , I j ennessee Copper
Texas Co.
Rinnnin niTsircrcss in'cheakes.
lODacco froaucis
What is rf sHll mnrf ronsemienre. I 1 ranSCOntinentai UU
rinlwav trafTin statements have shnw.ll I Union Pacific
that the. Improvement in business u. . oon froaucts
offered to the railroads during A
was r'nnsiderahlv renter even
had been looked for. It is true that U S. Rubber
the in
the larger movement of grain and uwn topper -4
cotton to market. Nevertheless, be- w esungnouse .electric
tween the August gross gain and the wiuys uveriana
, . . .a, 1 UuvA li 1
neavny reaucea operating costs, uie
railroads appear in the most com- Atlantic Coast Liine
fortahle nnsitinn thev have heen in 1 Coca Cola
vears. Gulf States Steel
DEFLATION HAS RUN ITS COURSE.
Seaboard Air Line ....
Sloss, Shef.' Steel & Iron
United Fruit
Va.
have not cut down rates had there A!l!? Z?cco
American Zinc
exceptional demands been foreseen from I
localities outside. Their action is open
to one interpretation only that in the
judgment or the heads of the bankin?
community deflation has run its full
course in the eastern part of the
country, and is so far along in other
90
36 3-4
62
40 7-8
107 3-8
75 1-4
38 1-1
8fi 3-1
27 7-8
1-2
39 3-8
F.5 1-2
113 3-4
28 1-2
43 l-A
56 3-8
26 5-8
34 3-8
23 1-4
24 3-4
76 3-4
64
8 1-4
13 7-8
124 1-4
10 3-8
32
75
28
96 1-2
34 1-4
46
50 3-S
20 1 -4
110 1-4
101 7-8
21 1-4
11 1-2
25 7-8
20 1-4
73 1-4
15 1-4
96 3-8-79
8 1-8
1 7-8
47 1-2
39 1-8
51 1-2
27 3-8
13
52 1-2
44 1-4
34
19 3-4
80 3-8
21' 1-4
107 1-8
74 1-2
81 1-2
13 1-2
23 1-2
67 1-2
7 1-2
122 1-4
9 1-3
53
47
49 1-2
79 5-8
49 3-4
45 1-4
6 1-8
24 1-4
87 .7-8
34 1-2
40
5 1-2
37 1-2
107 7-8
29 5-8
125 7-8
8
50 7-8
BULLISH NEWS
NOT EFFECTIVE
Cotton Market Fails to Re
spond But Remains Nerv
ous and Irregular.
By STUART I. WEST
eafT rnrrosnnnrlrnt nf The NeWI,
Copyright, 1921, by News Publishing Co.
New York. Sent. 24. The cotton
market showed continued nervousness
and irregularity this morning. The
crop news continued bullish, and there
was nothing to modiiy expecia.nun v,i.
a low crop indication for the govern
ment a week from Monday. Uncer
tainty regarding the effect of 20-cent
cotton on consuming demand was in
creased by the smiiler export figure
o the past week, however, and there
was continued hedge selling here by
the South. The opening was two
points higher on March but the active
months sold some 12 to zu points ue
low last night's closing figures short
ly after the call.
This carried December off to 19.oo,
and after the early selling orders had
been absorbed, the market became
comparatively quiet, with prices show
ing rallies of several points irom me
lowest on covering: and trade buying.
A telegram received from the South
west said that a prominent jjanao
trade publication estimated the crop
at 6,660,000 bales.
For the first time this season exports
last week fell below last year's fig
ures for the same week, amounting to
only 86,177 against 89,347 last year.
these nerures were considered very
disappointing: and nautrallv enough
were coupled with the gloomy views
expressed by former Postmaster Gen
eral Burleson, who has .lust returned
from Europe and is quoted to the effect
tnat murope will only buy irom nano-to-mouth
until exchanges are stabil
ized.
CLOSE NEW YORK FUTURES,
New York, Sept. 24. Cotton closed
nrm.
High
Oct 19.65
Dec 20.00
Jan 20.00
March 19.85
May 19.58
CLOSE NEW ORLEANS FUTURES
New Orleans, Sept. 24. Cotton closed
very steady at net advances of 34 to
40 points.
High
Oct I 19.40
Dec. 19.75
Jan 19.68
March 19.50
Maytt 19.25
L
Grain Market
sections that it is safe tn Hft almost
completely the credit barriers which Copyright, 1921, by News Publishing: Co.
havo hesn ir fnrr-a fnr. tha loo imn I Chioa.E-0. Sent 9 4 The wheat mar-
and the supply the freest, in a long j years- what this assurance means to ket was unsettled today. There was
series of years. The lowering of the i American business it is difficult to over efforts made by bulls to force prices
estimate. It is aertain that its full UP at tne start. rney were assisted
stimulus has bV no means been m their efforts by shorts who believed
measured either in the Wall street the situation showed enough strength
to mane tnem want to secure pronts.
Higher prices resulted as offerings
were iignt aside from a little heagms
however during the later trading low
er prices were recorded. There were
Tn the tt, t w v,r, occasional rallies du on Duige tnere
f;;h; .icV r: r .r1 was selling for Northwest account and
curtailment of manufacturers' demands wa? ?ome pressure credited to a
interest rate calls for a lower return
on investments, andT consequently, a
raising of Investment values. This
readjustment going on all through the
bond market and affecting stocks, the
dividends on which are limited, em
boldened syndicates to offer new se
curities like the equipment trusts on
terms which would have been wholly
unacceptable even a month ,'ago.
INCREASED STEEL ACTIVITY.
At the same time the trade news
has been better. The steel corpora
tion has followed the lead of the
railway traffic statements have shown
independents, and put up its prices for
sheet steel five dollars a ton. The
Iron Age, not given to optimism, has
gone on record with the statement that
a gradual increase of activity at the
COTTON IS KING
All the World Needs Cotton
INSTANTANEOUS SERVICE
STOCKS
10 shares up
COTTON
Units of 10 bales up
GRAIN
1000 bushels up
Our DIRECT LEASED WIRE to CHARLOTrE will
give YOU this SERVICE.
H. W. BOWLES 219V2 W. Trade Street
Phones Charlotte 4482; Long Distance 9985
Correspondent ;
ROSE & SON
COTTON STOCKS GRAIN
Fqf cash or on conservative margin
24 Stone Street New York City
markets or at the trade centers by
tne movement or the past week.
STABILIZING OF COTTON PRICES.
has nrnvoi o i, i v, leading elevator interest. Locals-play
l I1C L MUC JdLCl aim auucu IU
the pressure. The conspicuous feature
most sensational estimates of croD de
terioration. If, however, cotton Drices
are stabilized rnnmi th iwpntv Pne . session was tne iacK oi outsiae
a pound level it should be all that fact haL,,mos4 A JJl'
cotton growers have a right to expect. "Tu'inr H.n "
No matter what some extremists may
say regarding production costs, the
South, if it can sell at twenty
cents, will be able to pay off its debts
ana nave a buying power left
was favorable. Export demand was
fiat and there was only moderate mill
ing demands. Bids for export whea
here . were on the basis of 1-4 cent
over December c. i. f. Buffalo for
-Taie,.a &5 -.frJrtl,- No! 2 hard " Cksh premiums-were un
formed and unprejuliced observer: ' S?"?? Shipping sales 9 0QC . bush
.....x. . - o uaa I i.zk; JVla.v 1 29 3.4 to 30.
Corn was dull. A lew local pro.
fin It Mrr-. C .L. TTT 1.1 ... I -
iqi7 fhl u Zai 1,1 ressionals attempted to bull the mar
1914, the circulation of the German I ket earlv Tit talent sold on th
reichsbank soo.i at. 1 fion oon nnn mor-vo I ' sr1?- 11 .la15'1 .a, rnH
In the report of September 21. 1321. I t,,-o i.- o-, ;..
iS?,J?5lS 5cc9unt .Md. risen to 81,- were fair. Receipts were larger. Wet
i rD" ""Vi arJL "fil1? or sld n weather was shown which is likely to
Mnnftrr. 7 f i 1 i '" u turther cripple the movement. Cash
EoS'nnS ,1? ZJ? J&MJr basis was unchanged. Shipping . die-
,fTnoriZ ,1 Jr. ,lo"iUCIv a "is mand was dull. Sales 8,000 bushels
comparison epitomizes the storv of th Urarw q o i o canimv.cr ko
German government's financial .collapse December 52 3-8 to 1-2; May 56 5-8 to
InSlZLZJ???3- ?Ud upon Oats followed the trend of othe
f i5e"serParations in sold, Germany grains. Pit traders sold cash basi
in rZtLJzi 5ecoureuan that was was unchanged. Shipping sales were
iIScki1T?S81Xi-?xpndw.lt.B PPer note 80,000 bushels. Market . closed quarter
imuuvo, i IM. VI U L Liil II lilt W n H rP. I -v bn f V. " R I 1 An lim l- .
Withal tn ,r-r.hooo V, V- r, X" "iJ" "i'-.-.P''-r"1' c'"uc'
Th h .r. ' ; May 42 to -
..J V. tiT J ,V"J "l j une 1 provisions "were lower, uasn inter
oJ . lr. . . . in eptemoer the ests and locals sold. Lower hogs wa
pa.p?rcurrency- Put out through the a factor
nf 9l Toon onn nnn 1TL11Z Prodigious sum Lard' 17 1-2 to 42 1-2 off and rib
of 21,000,000,000 marks. It is quite 15 cents to 17 1-2 off.
hi TL u expedient cannot CHICAGO GRAIN AND PROVISIONS,
be kept up through the remaining pay- Chicago. Sept 24.
'r'tT' virtually making the Open High Low Close
v.ui . cutji woitiiiess, ana mors WHEAT
f tfol?8 A ltem. evliit that Dec. ..... .1.27 1.28 1.25 -1.25
,7rJ h lr(" lr3 reparations . May 1.31 1.32ft.. 1.29 1.29
. , , . V "c nici very ia.rgeiy i uuK-N
in s"ua iiisieiiu oi casn.
NEW CfcXEANS SPOT COTTON.
New Orleans. Sent. 24. Snot nnttnn
quiet and unchanged; sales on the spot
oo uaico , n arrive auu.
Low middling 17.50; middling 19.50;
' NEW YORK SPOT COTTON
New York, Sept. 24. Cotton: Spot
Dec 52 53 52 52
May 57 57 Vs 56 56
OATS .
Dec. . 38 38 37 ; 37
pS-" 42 42 42 42
.V Sept. 18. oG
LARD
Oct. ...... 10.50 -90.52 .10.30 v10.;st;
Jan 9.30 9.32 9.15 9.20
RIBS
' Oct. ...... 7.52
Jan. 8.02 8.05 8.02 8.05
Low
19.10
19.55
19.52
19.38
19.10
Low
18.90
19.25
19.18
19.04
18.74
Close
19.60
19.98
19.98
19.81
19.53
Close
-9.35
19.70
19.64
19.50
19.20
Features
t By STUART P. WEST.
Staff Correspondent of The New.
Copyright, 1921, by New Publtshins Co.
UNITED STATES' FOOD PRODUCTS.
Liquidation continued in United
States Food Products, following an at
tempt to bid tne stocK up a bit at
the opening. The committee which
has-- been endeavoring for tne last week
or so to patch things up and arrange
some plan for permanent financing "aad
expected to oe able to report before
now. That it has not been able to
do so is regarded as a bad sign.
ROYAL DUTCH.
The break in Roval Dutch to a -new
low record was the feature of the
market today and upset other of the
oils, especially Mexican Petroluuni and
Gr-neral Asphalt. Yet there was ro
fresh explanation for the declino except
tne item wnicn came over the cable
several 'days ago to the effect that
R'jyal Dutch was so burdened by
taxation in the Far East chat it was
contemplating abandoning some of the
properties there. The princinMl sellinsr
of the stock this morning came from
Europe, tnat is. down to 45. The
selling below that figure was by peo
ple who had been bulling the stock
in the 50s, and were going out on
stop orders.
Bond Market
By STUART P. WEST
Staff Correspondent of The News.
Copyright, 1921, by News Publishing Co.
New York. Sept. 24. Liberty issues
led the bond market again today. The
advance during the two-hour session
was greater than in many of the full
five-hour days preceding. The fourth
4 l-4s got across 90 with a rush. The
second 4 l-4s reached the 90 level for
the first time in a long while, and the
advance in the liberty group alto
gether was anywhere from 30 to 40
points.
The market elsewhere held strong
at the high prices reached yesterday
but otherwise did nothing particularly
notewortny. There was quite a re
vival of interest in Ontario & Western
4s influenced .by the improved earn
ings position of the road. Missouri.
Kansas & Texas 4s were in demand
again. They still, however,' are nearly
four points under the Denver & Rio
Grande first mortgage 4s and good
judges of bond values consider that
there should not be this amount of
difference.
Brooklyn Railway issues were strong
with the 4s at 50 for the first time
on the present movement and the 03
fractionally higher at 86 1-2. The
new Pennsylvania 6 l-2s were a fea
ture with a rise of over a point to.
103. At this new high level they are
only two points away from the Penn
sylvania 7s. New Haven 6s, after sell
ing at 53, rallied to 54 1-4. Louisville
united 4s we're in demand at a slight
advnace. Norway 8s were the leaders
of the foreign government group get
ting into new high ground at 106 3-4.
Attention was ' attracted in Vera Cruz
4 l-f2s which were heavily dealt in
from 27 up to "27 1-2.
Curb Market 1
By STUART P. WEST
Staff Correspondent of The News.
Copyright, 1921, b y News Publishing Co.
New York, Sept. 24. Dealings were
much smaller on the curb exchange
today, with large transactions in only
a few of the penny stocks. The high
priced issues were unusually quiet,
with one or two exceptions in which
pool operations were resumed. How
ever, it was noted that traders did
utile more tnan even up accounts for
over Sunday and this caused some
selling by the professionals who ap
peared disappointed over the fact that
the strength of Friday was continued
for but a few minutes after the open
ing today. Commission houses sold on
balance but the amount was small.
Farrell Coal was in good demand.
Early buying, apparently by insiders,
was followed by an outside demand
and the stock got up to a new high
record for the present movement. Sub
sequently there was a reaction from
the top of profit-taking. Amalgamated
leather acted the same way, early
firmness being followed by an easier
tendency. . Practically all ,the other
recent leaders were quiet and price
changes were slight.
Oils were irregular. Standard Oil
or Indiana and Simms Petroleum were
steady, while recession occurred in
Fensland, Anglo-American Oil and
Carib Syndicate. Southern Petroleum
and Refining was less active but held
well; in the low priced issues the
changes were narrow, and transactions
were on a much smaller scale.
Boston & Montana continued the
feature of the mining group being very
active and moving up sharply to an-
nehhls ThOTd "or This move
rr.ent. The. buying appears to be
coming from insiders and is believed
to foreshadow the early operation of
the company's mill.
Less activitv wa st nf Arl --
11T rno rnnA .
rARrtTJNA FOUR
SING TfflS WEEK
MusiQ jto be Dominant Fea
ture of Exposition During
the Final Four Days.
This week, the closing week of the
MadVin-Carolinas exposition, win
notable for the musical features on the
program and for the fact that much of
it will, appropriately, be Made-in-Carc-linas
music. The Empire Quartet, a
splendid singing organization of mixea
voices.' which rendered delightful pro
grams everv evening last wees tt
exposition, will sing this week also. As
sisting them, however, and sharing
honors with them, will be the All-Star
Carolina Quartet, composed of four xi
the best voices in North Carolina the
memhbers of which are: Miss Gertrude
Gower, of Charlotte, soprano; Mrs KO
Dearstyne, of Raleigh contralto James
Wpstlev White, of Greensboro, bass,
an?FrLcis Griffith, of Salisbury, tenor;
Miss Gower has for some time Deen
regarded as one of the best sopmnos
of the state, having a niezzo soprano
voice of exceptional sweetnss and pow
er. She was for some time soprano at
the First Presbyterian Church here and
... t the Second Preaby-
terian Church here. She is a number
of the Charlotte Good Fellows Octette
and trained the Ivey Choral Club for its
annual summer recital given recently
at Mooresville and Statesyille. bhe
studied voice at Brenau College ana
under competent "teachers.
Mrs. Dearstyne is a native of Con
necticut but has lived m ISorth Ca ro
lina for some time and is the head or
fa music scnooi at xaieisn "
doing unusual work.
Mr. Griffith, one of the best-known
i JJ . J i ! - CtYY I -
tenors in the state, stuuieu. u.m
nent music masters of New York City,
including several of the very first rank
and has made a reputation for himself
not only in North Carolina but else
where in the south.
Mr. "White has a bass voice of rare
power and quality, according to com
petent musicians who have heard him
and is expected to appeal to music lov
ers very strongly during his appear
ance here at the exposition.
EEPIKE QUARTET STAYS.
The new Carolina Quartet will ap
pear on the same program with the
Empire Quartet, which was at the ex
position last week and which won un
stinted praise not only from the crowds
at the exposition but by many com
petent musicians who were visitors at
the exposition, une quartet
before the North and South Carolina
bankers at the banquet given here
Thursday by the American Trust Com
pany and at other public occasions.
Miss Corneilis is the soprano, Miss
Delphine March, contralto; jusepii
Mathieu, tenor, and Richard Bonnelll,
baritone. With voices of individual ex
cellence, they have developed the fac
ulty of blending them in concert work
that leaves little to be desired. They
have been an outstanding feature on
the exposition musical programs during
the week and have always had to re
spond to encores from insistent audi
ences. , ii
Mrs. Coral Hayner Baker, well
known singer ana voice teacher of
Charlotte, formerly teacher of voice at
Queens College and now conducting the
Baker studio on North Tryon street,
will be accompanist for the vocalists on
the program this week. She is an ac
companist of long experience and of
widely recognized ability and will do
much to make the programs at the
exposition this week one of evceptional
merit.
COMMUNITY SINGING.
In addition to the vocal programs of
the two Quartets, which will render
many numbers together as well as sep
arately, there will be programs of com
munity singing each of the first four
nights of the exposition as a special
added attration. The community sing
ing will be led by Dr. Paul J. Weaver,
of the University of North Carolina,
who is widely known as an excellent
singer. Dr. Weaver has had much ex
perience in leading community or mass
singing and is said to be one of the
best directors in this kind of work any
where to be found.
The vocal features will not, however,
be the only musical features on the
program. There will be a band con
test, with North Carolina bands par
ticipating, during the first four days of
the week. A competent musical com
mittee will say at the end of the four
days which band has shown the most
merit and a prize will be given the
most meritorious.
On Monday the American Legion
Band from Benson wilT furnish the
music.afternoon and night. On Tues
day the Hanes Band from Cliffside,
will play, and on Wednesday the Kan
napolis Band, which has long been
recognized as an excellent one, will
play. On Thursday the Boy Scout
Bandof Charlotte will play. It has been
in training for quite a while and has
won many compliments for its splen
did work.
MONDAY IS CATAWBA DAY.
The exposition will be featured Mon
day by a delegation from Catawba
county and the day will be known as
"Catawba County Day" at the exposi
tion grounds. From Hickory, Newton,
Conover and other points in Catawba
big crowds are expected. The princi
pal addresses will be made Mondayaft
ernoon at 3:30 o'clock by Judge W. B.
Council, of Hickory, and W. A. Self, at
torney, . of Newton. 'Joe Garibaldi, of
Charlotte, has been designated as chair
man of the special committee of citi
zens to do the honors for the Catawba
county delegation and will introduce
Judge Council and Mr. Self.
FRIDAY IS COLORED
PEOPLE'S DAY.
The exposition managemfant an
nounced Saturday night that Friday
would be colored people's day at the
exposition. All day Friday and Friday
night the exposition and grounds will
be at their disposal and they are ex
pected out in big numbers, not only
from Charlotte, but from Other cities
in the Carolinas. The exhibits through
out the exposition building will be kept
in place right up to 12 o'clock Friday
night.'
A group of prominent colored citi
zens of Charlotte, in collaboration with
officials of the exposition, are arranging
an appropriate program for the day and
night. Musical, features will be a part
of the program.
MILDRED HAN AN
FIGHTSFOR LM
Jealousy Not Motive f J
Tells the Police.
New York, Sept. 24. Miss My.
Hanan, daughter of the late Alfr.jp
Hanan, millionaire shoe manufacture
WnO was ouw ncnuusiy Hom,
by her chum, Mrs. Grace tVVeg '
beautiful divorcee, was fightiiif al
ately for her life tonight in the l'J
Island College Hospital. The attej?
ing pnysician bcuu kuc mignt recov.
Her condition is grave. ' '
to tne police in which she d
1:
jealousy oyer a.LteuLiuiis paia L hl
John .Borland, a weauny m
caused Mrs. Lawes to sha
then kill herself with the sa;: -,. .Vf
Mrs. Lawes, it was learr.wi'
long entertained her resolve to
Miss Hanan and had sent h r .h
threatening letters. The brT
tween the two women datfs i.,. ;
last May when they har a violator.'
rel. Mrs. Lawes was then living jn ,f
Hanan summer home at Shoreh3:
Long Island. She was ordered to nlw
her trunk and leave and earn- ij;Jk 7
this city. 1
An autopsy was performed todav
on the body of Mrs. Lawes, but it v
ed.to throw any fresh light upoa'rv
attempted murder and uicide. V'
he firej a bullet into her brain tln'ol
the mouth, the dead hand i f tain-d sii
a grip upon " the automatic pistoi
the physicians had great uifficaltv tn
releasing it. During the ontire 'tJ"
that the body was in a motor car
taken to the hospital, the pistol
gripped in the dead woman's ha-.i 1.
was finally released by beiif3;,f ;
tne suneucu imgcio.
EFFECTS SEARCHED.
A search of the dead woman's
facts throw no additional light
ine CI line. xjciutfirs suuncu mat Jlrj
. ,. . -1 ' . 1 - 1 .1 - '
aenuy Deen urmKing neavny ior
time as well as using drugs. Also, sh
was a cigarette smoker.
lnvesiiganji s ieo.iueu. mat -urs. Laffc
had planned to mar tne Deauty of Mis
Hanan, whom she regarded as her d&
ly rival. Disappointment over her of
repeated efforts to carry out her b?a
ty -destroying scheme is believed to k
led to her final resolve to slay fc1
heiress-rival and then end her or
life. Mrs. Lawes, so it was said, e
tually carried acid about in her har.
bag, but never got an opportune ;
use it.
Borland lives in. Greenwich Vi"
the Bohemian quarter of the city,
occupies a house formerly used by jo:
Barrymore, the actor.
"I think Grace was crazy," said Be:
land. "Her act was that of an insa:
person. She had no cause for jJ
ousy." i
' Captain. Sullivan, of the detective hf
reau, questioned Miss Hanan in t
hospital , twice. j
"Did Mrs. Lawes threaten v:.'
life" j
"Yes, we had quarreled sever.!
times," said Miss Hanan. f
"Did she tell you to your face k
would kill you" i
"Yes." I
"When?" I
"A week ago ten days ago." ?
"Where?" V
"We met accidentally In the stiK;
"Did she have a pistol"
"Not then."
REFUSES TO ANSWER.
"Why did Grace ' Lawes shoot
and then kill herself" j
The wounded girl raised her bi;
aged arm, let it drop and closed M ;
eves. She turned her, head from
detective and left the question n:
swered. ! .
At" this juncture, a nurse stopped 3
examination.
Dr. Robert F. Barber, who is :
charge of Miss Hanan's case, issued C
following bulletin tonight:
"The patient is doing as well astj
be expected. She is conscious .
seriously ill. The patient was i
through the body. The bullet enter;
the left side of the chest, perform
the diaphragm, tore a groove into:,
stomach- and passed through part j
the liver.' At present it is located -
der the ninth rib." j
LAKEWOOD POOL Will
CLOSE AFTER TODij
. Sunday will be the last day i'A
wnicn tne neatea puui.c v -advantage
of the Lakewood swiir.
rYiaf w s nrr owner of-.
park, has announced tnat ine
close for the season when the uay
through.
Owing to requests from vaw
sources and to the continuance of
hot weather, the pool has aireaa
moinoil nnon innFAr than SCll-
time. The New York Concert
now plying at the Exposition, h ? :
enjoying the cool water for tn? P.
few days, and it was partly anew;
pleas of the members of the hand--Chief
Orr had extended the time
positvely witness the last r11?6011
season in the pool. f
The -water has just been chanc-'
the pool thoroughly cleaned f
crowd expected to take aflv fi
the chance to escape the heai
The dancing hall at I.akewpr. -will
remain open for probably a&
month yet. Dances will be give" -each
Thursday and Saturday n
changes were confined within
tional limits.
Price
frac-
r
KING COTTON
Blazes Trail to
Prosperity
How will the advance in
Cotton affect general SE
CURITY VALUES?
Letter No. C-240 gives brief,
vital explanation. It will be
well worth your while to
write for your free copy
today NOW., .
ROSE & COMPANY
INVESTMENT SECURITIES
50- Broad St. City of New York
ING
EVERYTH
In High QuaW
Building Materia"
fTTTimes are better.
U You can feel it
lithe air. Cotton is P
and .pessimism doJ
Show your confidence
conditions by building
Invest your money
permanence. Help J'0?;
self and your communw
at the same time. 1W10'
CITIZENS
Lumber Company
South Boulevard
V Phones 3472-3473