THE CHARLOTTE NEWS, CHARLOTTE, N. C, WEDNESDAY AFTERNOON, NOVEMBER 1921. ,
15
LIVESTOCK
COTTON
CHAIN
ARKET QUOTATIONS; FINANCIAL NEW
TUB MOST COMPLETE MARKET ITAGB Pt BLISHED TUE v.
ED1TED BT STUART P WEST To If Tears Itaascial Editor of Tk New York Uioft.
-CURB
BONDS
STOCKS
I GOOD FELLOWS INj
I THEIR NEW HOME
Features
MADE BY MARK I
By STUART P. WEST.
I nw fnr WVioqt frvr fVin Staff Com upondnit of Tb !mm.
cw low ior vv neat ior me copyright, io3i,b Pubiuhine co
Year Also Made in the
Day's Trading.
Ky STl'AKT I WEST
Muff Corri"tiMnIut of Tle Smvk,
u-.i,tsl:. 1U21. l!V evs Publlhiiue Co.
w ui street, jew iorK, jnov.
. RETAIL STORKS.
About a month ago Retail Stores
stock was driven down in the face
of a generally stead v market from
arcund 53 to arottnd 48. It acted
much the same -as it is doing now
and there was the same discussion
about the likelihood of the dividend
,v low for -the year also in -wheat was Riven out through the usual news
agency channels, that the dividend
.ung features in jne flnancial sit- the- six per cent was belnf earned
full loaaj. ior uiB m a i and thit tharil wan lin..TMnn tn Hmhl
ks became worth less than half a that it wuold be paid. Thereupon the
: There was no fresh significance h ears were given a very sharp twist.
w.. nememDer ne this ti-i trad r.
COTTON MARKET
STILL NERVOUS
1.
Wall Street
Grain Market
Enthusiastic Meeting of
Six Hundred in New Mu
nicipal Building Todsy.
New York, Nov. 2. Oil shares again copTrrleht, tOStf, by 3ifw mbltshlns Co.
bullish Sentiment Attended
by Uncertainty About Im
mediate Future. -
TT-.nnnnlir.frl Rneeulative attention a
the opening of today's stock market
Chicatvo. Nov. 2. Wheat again broke
o new levels today, prices being the
mere wan
By STUART Pi THST.
Staff Correspondent of Tlie NeT.
reneatinz their recent conflicting move- 1r rt rvnh'r. 1915
ments. Royal putcn, whose mergei h(.avv celling for eastern account and
with Union Oil is expected to be rati- the -bulk cf this Whs In the way of
fled todya. sustained an initial loss or i;auidation. Hedging pressure "through
x -x-a r ii i' iT northwest nouses aiso exenuu &
soon registered a similar decline. Do- rresstn Influence early In the session,
mestic oils steadied and the nominal Local were Inclined to anticipate a
dealings in rails, steels and equipments ,., A v.n-ht n the breaks, while
Conyrlirlit, 1021. by Nevcn I'abliithing C were irregular. In the foreign ex- iT.v time May sold under 1.06, gool
New York. Nov. 2. The oottort market change market German marks again eommisslon house buying developed,
showed continued nervousness and trreg. became acutely weak, a bid price ol Much 0f this buying was for short
ularity today. Expressions of bullish sen- 50. a new low record, being reported. acc0unt. recent sellers being inclined
timent are still heard more or less eren- bower money rai jstueu i" i accent oroflts. The inability ol
erally in, the trade. But they are invarla- late public interest m the siigntest Chlna to pay her i0t:t tended to em
bly attended by uncertainty regarding the degree, trading fn,nSPfOfeni phasise the unsettled conditions in the
more immediate course of the market and l" iLa ZTtZ nranciai world ana unaer we wvum-
it is this uncertainty which is being sl'!niL,ul LtiiZr. 'ii-,r": stances there l a iac or connowes
j .urXiiT ie . ..riT.i ii the constructive sxae oi uurwu
been noted on Previous days nient is wary about allowing the bear
: that it refues the reports that isr. propaganda now being circulated
next indemnity payment is to be jn consequence of the cutting of
off and it Atoo indicates that I pie-arptta u.,
atever bns'.s theie ma le foi the was evidently inspired, appeared this
ry that Germany is negotiating for morning, in which it was figured out
;,i:cigu ..e,t.o.i.w.o uini tne new scales of cigarette prices
promise an early result. meant a loss to Unitde Clear Stores
he weakness m wheat was due. the of $1,300,000 a vear or $4 a share
lie a.- yesetrday. to discouragement on the stock. This would make earn-
1
a a vesetnlav. to disco
,ner tne expuu "f"""'u- 1 lugs or not mufh more than $10 or the
i.t main prop to th 'narltet through equivalent of $5 on Retail Stores. If
; -e summer month?, and its railing oft the new prices were extended to the
a tl in th last week or so prov.-j whole territory covered by ,the -om-
rlainly that estimates of the world s pany the loss would be twice as great,
over-supply had not been exaggerated. rm the fare of these figures the $6 on
Inasmuch as the marketing of wheat Retail Stores would look decidedlv in-
has been unusually rapid and a secure, but again it is well to remem-
smaller piv.porti.m than ordinarily now be- that in the past particular situ-
vtinains unsold, tuo nredK m price.-, is ations in the tohacco companies have
not so serious a matter as it wouid tttned out very different from the way
h;ivo been two months ago. It does thn street was thinking and speci.lat-
r.ot mean as muni iim irun nu- i :n
ation an 1 sn far as concerns the buy
ing rower or tne t A IFOH I PACKING.
rin.nmes its 11 'heir maxi Reoent buyin In California Packing
have already had tneir maximum nas been comlng. mainly from the Pa-
-vpi essiu.i. .... . 'i -,, 1 cine coast. it is thee, ot course
("rnJe oil with toiiaj s additional n'l that
, ei.tc advance has now regained fully r,any's business and the fact that the
.a!f of the entire ground lost from new frult crop has-already been dis
i;isi vear s high to me extreme low nnccri nt at ccUcfoAt. Qv..i
the summer of 13:1. Pennsylvania t) at the western buxers are aware of
rude came down ft o:-.: 5f-10a ba-rel this, explains the quiet picking up of
;i 5-.-o; it IS OUl'K HOW to S4. UPOll tho stnnlr While n1ri HaKiliHo
e market for tire tit shares the new r.?main about as they were at the
ice raising did not have as much close of the company's fiscal year.
-:tct as might have been expected. February 28 last, cash oh hand has
ese stocks like Pacific Oil. California come up from $2,100,000 to $4,500,0C(-.
ivtroleum and Texas Company went At the same time the whole of the
' -her at the Start. but Came back inventorv shrinlfncs Vin heon clisi.vl.A.-?
:.,,er. The inference from this was California Packing alwavs has large
: that the $4 figure is regarded as advances to make to fruit growers,
high to last but rather that the H:ese constitute the seasonal borrow -
:; uard movement in tne ons nas i mg which has to be done each year
p.e so far that these stocks no longer The pealc of these advances wa re-
- as responsive as they were to p( rted last month and it is expected
: orable trade news. that the sums loaned to the growers
There was again a vivid contrast will all ha naid off b- the close nt th
r nveen the investment and specula- y?r. In 1920-1921 California backing
- sections .or tne ,iarK.ei. j nis was oarr.ed $D a share on tha stock which
t!ier day or Heavy trading and newipjivs $6. It is expected tnat the 1921
i prices throughout the bond list, 1 !22 results will be equally good, while
a in stocks interest was ooviousiv in the meantime the irnasiiry condition
toe wane. it may nave oeen tnat nas become much stronger.
e series ot ineonc.usive nuctuations
"Ugh which the stock market has
.en passing tor tne last iew aajs.
PURE OIL.
, " :.-j .. .1, f.ooUnol. I ."Tiai lie ut.ciui.cuia im c wuio
i iwiuiutu cvc. ir. abot m th. affairs of the Pure OH Com
at it was toq dimcuit a game to h, h .. account for tne Nrrgeular,
iv. But at an events ousiness u-u ,.- . . . j... Mr. t Vio
A better milling demand for wneat
was noted but nothing of interest ae-
renectea in ine surrent nuctuat ons. xv. .a ---, - , d the oilg Motor sub8i
due apparently to the fact that spot e- dja-r'iea and v gas shares also lm
mana nas. oeen comparanveiy im.ei, iu nrflv.d. ii V. 7i-s. Wlnnine
the middle of last month and apprehen- ' The ciosing was irregular. Govern- K-ired that railroads and elevators
sion that if buyers continue to hold off t ranway and sume foreign bonds U,"- or. amAnt wherebv
the South will gradually weaken. So wer firm to stronff. Sales aDDroxl-I i w f rht win h
far there, does no tappear to have been mated 550,000 shares. shipped from the interior as is loaded
any great pressure of spot offenngg, and QUj Qj terminals dally,
while waiting for developments in that NEW YORK STOCK. LIST. Corn was only elitrntly depressed by
direction the market seems very sensitive' Last Sale. tne break in wheat. There was a
to comparatively small orders either way. AllisChalmers 33 1-2 little selling for northwest account and
The opening today was steaay at an American Bee Sugart .. .. .. 21 i-s locals sola. mere was a goou ue-
advance of 8 to 10 points, owing to rela- merican Can 28 1-3 mand for December around 46 cents
tively steady, cables and over-night American Car & Foundry .... 129 34 from houss with cash connctions. Cash
buving orders inspired by reports that the American Hide & Leather pfd 52 1-4 corn was in good demand with sales
rallies of late yesterday have oeen start- American international uorp.. 00 i-J ior snipments larger, .neimuuia wcic
ed bv the appearance of an increased American Locomotivei
trade'demand below the 18 cent level. Sup- American Smelting &? Ref. . . .
oort of that sort was not in evidence at American Sugar ...
the opening tnis -morning nuwevei .ii-a 1 aiuci ian VrT p --"--
the market soon turned easier under I American r. & l.
scattered southern selling, Wall Street American Tobacco Sec. .. .
a?e creSl Copper 41 5-8 was unchanged. Shipping demand bet-
of - yesterday,- appeared to De re-he-ji ub . Indies 28 7-8 Provisions were dull. Outsiders scld
on this morning b-ueciu.e " 1 U1 La',' Halwin Locomotive .. ..
January off to 18.03, or z& points nea iow- jjjj-imore & ohlo
er and within 18 points of yeste rd y s Betbiehera steei "B" .. ..
lowest. At this price the market . steadied Canadian pacic
on buying, which some thought might Central Leather
have been inspired by advance information Cnandier Motors
of private ginning returns, ano me pru-t- Chesapeake & Ohio .... ..
quickly rallied above last night s closing Chicago, Mil. & St. Paul . .
quotations. This renectea no cuauge " 1 Chicago. K. 1. &fa
the general average ot senunicni nu 1 jnino uopper
ter the spurt of buying subsided, the I Colorado Fuel & Iron
91 I unchaneed to half cent higher. Re-
58 1-4 I ceiots were light.
53 5-8 1 Oats sold to new low levels on the
35 3-8 -cropjk Liquidation was general. Buying
108 1-2 power on the break was good, elevator
interests picking Op much oats. Trade
78 7-8 was broader than before. Cash basis
... . . . 1 . . .-I - t wja still 1 rt T 1 . , ,
tincprr pn Tone ui liic xnai " v. j n i ivuuvio
unnaront. I Crucible Steel-
"x-x
CHARLOTTE COTTON.
Cuba Cane Sugar
Erie
'Receipt, today. 32 bales at 18 c Genera Electric ...
NEW YORK COTTON. . ""r Northern- Pfd
New York. Nov. 2. tPri Q t Northern Gre
trade interests had been niinoiS Central ....
on tne Dreas oeiow i.ic -y.- - T,1,mration Coppe
yesterday . ttm ma7ket Mer. lilaririe pfd
Kcs.tterine demand in the cotton market roa.
ctfs
er
at the opening today,
som
tv,;; was also " ternationai -aper
sville & Nashville
"e,"'"B MT;i0iv stf.a.dv Kcnnecott copper
e ouymg on me itio.vi.---j tv" 1 T.riii
showing ot tiiverpiiui anu K ' iix
llint C"V' h..1V llTnl n.p
were steady at an advance 10 i" Meican Petroleum
Miami Copper
Middle States Oil
Mid vale Steel
Missouri Pacic
nn;tr.n all months except September,
Which was 10 points lower. Thert wa?;
renewed realizing ,and some - southern
i: n.nnni 1S3S for January, now-
t;iiiii6 a.ii.' . - - 1 s 09 Missouri racic
ever, and the price eased off to 18.-- Central ....
or 5 points net lower , Bhortly after N N R Hartfoi
the call, alter wnicn 1 uu.i ..o - Norfolk & Western
eular. Mucn 01 tne u 1 Ncrthern Pacic ....
the way 01 ',"'" Oklahoma Pr
.Tah'hl. Pan America
do iron.1 i..v.., - , j .. 1 1. i .L. PStS. JjlVerDOUl Hia ncuiiv. " r-- 1 Dnr,r,..vlfn ! o
less than the usual number of Vf.u..iiJui,r f" ...At , nT nn balance. New Orleans sold here -""
cvan.f duHng'tgreateJr"part o Usance which the stock is now enjoying b7.ad and exporting inter"
,e Time tradinl was really dul?. There I was .announced only recent, hat it -onthsbade P w
Oklahoma Prod. & ief.
Pan American Petroleum
$, 3-1 1 while nackers suDnorted the market.
36 7-8 I Cottonseed oil dull. Locals sold on
55 5-8 1 the break in New York while shorts
113 7-8 I covered
29 3-8
42 1-2 1 Chicago. Nov. 2. New low price rec
55 3-4 1 0ids for 1921 were reached today, the
23 3-8 market fallinsr still lower than the
32 3-4 1 ivel touched on yesterday's break of
25 3-4 I six cents. The opening, which varied
24 3-4 I from - unchanged figures to 1-8 cent
x 1-3 1 lower, was toUowea by a material set
63 3-4 I hack. ;
7 3-41 Corn and oats were easier with
12 3-8 I wheat. Corn ooened. unchanged to 1-3
134 to 1-4 off, hardened a trifle and then
10 sagged. '
31 1-8 Oats started 1-4 to 5-8 to 3-4 cent
72 3-ilower, and continued weak.
31 I Provisions were steady with hogs.
97 3-8 I Wheat closed unsettled at 1-8 cent
3o 1-2 net lower to 1-2 cent advance
50 1-2 Corn closed steady 1- 8to 1-4 to 3-8
53 1-2 1 cnet net higher.
22 1-2
106 CHICAGO CASH GRAIN.
ms 1.8 I Cliieasro. Nov. 2. Wheat, o. $ rea
n.i 1 in t-2. -
14 Corn, No. 2 mixed 46 1-4 to 46 1-2;
24 1-8 No. 2 yellow 46 3-4 to 4.
18 3-4 Oats, No. 2 white 8 3-4 to 3 1-i
71 3-4 No. 3 white 29 1-2 to 32.
13 y.g ' Rye, No.' 2, 76 to 77 1-4.
94 3-4 Barley nominal.
74 3.4 Timothyseed 4.50 to 5.50.
3 l-l Cloverseed 12.00 to V8.50.
46 Pork nominal. v
35 3.8 Lard 9.50.
57 5-15 Hibs 5.&0 to 7.09
futures" in the individual share move- Maxu held in sou hern Texas and that Sported k better spot demand in tPbeurgh & W ' Va 24
icnts Retail Stores ld saln on- he intPerior and there were reports of flf Ts 1-2 CHICAGO GRAIN ANO PROVISIONS,
rhp talk that the present dividend "lans aireaaj are unaer way ior me higher basis in the soutnwest. p rr cq 5 d
could not be earned at the reduce! building of big refinery on the Gulf coast Liverpool ables said liquidation had sVeei 50 Vhicago, Nov. 2.
ices. JrtUDDer aro -o me tare oj. una pruuutuon anu yijjc been checked by small uueiuiBB I pr;.i rntr.h tr V
arket were rather lines are in course of construction. Pure th(k south. A T,i
hand. Corn Proa- Oil is a self-contained conupany of the The ifailure of demand to broaden ofl 2 ' f lai5 ,?on n i
le ot cigarette price
tire shares on the m
rt. Ull tne Otner nanu, i.ui 11 riuj- uu ia a orii.-ujinciiiic-u tunaii) ui uw J ne tailUre Ol Qf manu iu uivjoviv... . cjrcia:r con
ts. 1 oca t ola. Kresge and' one or type 01 texas tompnay, aunougn not on earlv rallies was evinemiy u. "U1':"ul nnthpm pfl-i
1 1 i ... r . 1 , . i . . , . 1 1 . 1 1. .. ii mi 1 n n 1 - ....... . . . -
1 . . -.tMor .snpi'ia 1 v. pre mil n l. n i riii-ii ;a. lartrp sr.a if, it nroni cps lis own on. i ootimont rn rprpni tuvri? iivi n,. . . . . , r- i ,
..... . 1 ' ' 1 . - 1 ' 1 ti ... v , . . - - 1 . . . .. , , nrn n.n iiwhv ....
10 market did not react to good news refines it and then markets it through I was another flurry ot liquidation qui - 1 gtandard oil oflt. J., pfd
m the shape ot tne nigner uu pntea, 1 jts own selling agencies Dim wnoiesaie ing tne miaaie 01 me mui "iv" I Studebaker Comorahon
was eouallv unresponsive to Dad land retail. The advance in Pure Oil was sent January off to lS.u or uomia 1 r-or.
neiA-s such as the Pierce-Arrow report rpsiinnsihli for the strength in Oklahoma net lower and within 17 points 01
nv Via Spntpmhpr miarter. This was t.njnin ,.; T0fin;v.o- --vivh fn-mor I vostprHa v's lowes tlevel. December mi- 1 . " -r,, " '
.v. ...v. -------:-- . , i '"""'-'"S ivd..i..& .. 1 ""--r-" ,.!- c A arsis n 1 1
eve"?rsA ll?,?ltTlV; f compnay bought into heavily about a year provea at tn.- , "s vpp afld l"bicco Product....
a neiR-u ui j.,ivii,vuu mm yi a, t.v ... i suuueii ia.uy I lianscontlnental lil
tu mmiLMilpr of the com- ao. I vnvinp- nfconman ed bv rumors ,V..to5.1.1?,11 uu
pr.ny's surplus. let tnis was more . rnvvAni.' Fir.iiRFS I o bulsft private s ni mBi u. S. Food Products
fhnn nffaot Viv- thP official assurances STEEL TOA(ifc IKiUKUN far.iiarv selline UP to 8.33. DecemDW t..:i
:CV vT. . ,nw on th mend The Steel Corporation's tonnage fig- oHiv fi, on thrs advance. ;il,iou,f i
T and Pierce-Arrow stocks rallied when ures for October which will be made selling. at a premium of 16 points over f. ma. Aironoi
f the figures came out. . known next week, it is anticipated, wi" I January compared with an early dif- J g. 'steel . .
between the liveliness in the bona Der 3Utn total, rnis, u is saia, win oe The market was nrm aunng me eai-
UtahSCopper
L I U ,. A A T 1 . A . .
r..-.l ilia Hovolnnmsnls in the I rluo tn - the ctrea tpr nrndlietion OCfiurrinE ! 1 oftcrnnnn rn the more bullish aver- I ir.ini.8
i Leu nci i"u ..v. . v,iw.....; ... . , -- . " i j "v...v... . ::"s i w niya uvcriana
, ,. r,i,.irf fall mnnpv artpr nnpn- I in fvtnhsr in spntpm ipr tne corpora- I a a-a nf strn nnvices. coveruiK inc umic n ,-.:i
ing at 5 1-2 per cent, was freely sup- tian's subsidiaries operated at an aver- I buying. December sold up to 18.69 and j AtJ .. c' " " t Tine
age 01 arouna && per cent capaciiy. in i j
October operation was raised to 44 per
t. ,. - 1 . : . . V. ..r.rtfr tin..
Cent VVIlllti OJJtfl UllUlld ill lllv? picocnt lime
f-f"''"'--""; t,:,';; ci,(isR new york futures
OUSiness It IS esuinaieu, vmiie in clx. uic - - N. 9 pnitn nloBud
u Ann . o nnn ior in I New York. Nov. j.-cotton . ciosea
rattf OJ. l.UUU IU AA,UUV illio l uj in I
.. . , rnn a e-cnnAnl stPflMV:
uctooer. or petween ouu.uuu auu oau.vuv - - .-- . h t close
tons for the month. - n is ax iS Tft 18.13 18.62
.Tn . .. 18.38 IS.70 18.02 18.48 r.- .U:,-
nntT?u a4Tvo TvrDT.tcvn l: . i n n o an 17 no 'iQorlJll-cl natiunai xaxi vtratci
VUfir-Cilli r.lJJKi7 v M.MntaM-M-r 1 jarpn Ifi.oU 1 O.Di 1 1 .vO ao.oi
Sales of copper metal in October ap- Mav 18.00 18.37 17.64 18.05
N plied at 4 1-2 and for the first time
! in quite a while, the trend of rates
H on fixed dale funds was lower. Botn
I I ,,nr!s and monev movements were.
anticipating a further reduction, quite
likely this wcke. in federal reserve
ciscounts. According to cable dispatcli
es if rates are reduced hjere, the ex
;;:nple will be promptly followed by
the Bank of England.
Corn Products and Haskell ar.l
I irker. among the industrials. Nortii
f:n Pacific and Great Northern pre
rtrred. among the rails, were actively
i.f ught in the last hour. -
There was a brief run-up in the er
u.iic Mexican Petroleum and Fau-
Nierican stocks.
Klsewhere the market continued
...iet. Tlie nossibilitv of a" coal strike
.-iu-celv entered much into, the calcu
lations of tlie day. Steel-stocks were
t affected one way or the other by
ii somewhat conflicting testimony In
thf- weeklv trade reviews. While the,
Iron Age "speaks of "he new buying
' during the week as relatively small,
describes steel production as a-whole
; s continuing about 40 per cent of ca
;.'iity. with the steel corporation o0
T; r Cent employed. Prices on the
: iavv steel products have weakened
it on tht other hand there are indi
cations of another attempt to marlc up
n iotations on wire. German marks
ruined well above 50 as the day
v.nt on and this brought about a
L-'-neral recovery in the other ev
' angep.
50
47 5-8
35
23
.78 5-8
19 1-2
109
74 1-2
8
43 1-4
23
60
9 1-4
121
10 5-8
49 5-8
44
47 1-2
80 1-8
54 3-4
46
5 7-S
36 3-8
84 5-8
Open High tow CIom
Deb .....1.02 1.03 .1.00 1.02
May ?1.60 1.07 1.D5 1.07
tw 46 46 45 46i
May 51 62 51 ol
OATS
31 oxy ZZ?
36 ' 6 36 36
Dec.
May ......
PORK
Jan. ......
LARD
Jan, ......
March ....
RIBS
Jan. . ... . .
May
8.87
9.10
8.8TJ
9.10
8.72
9.00
7i75 7:77 7.75
15.00
8.75
9.00
7.45
7.77
If there was anything lacking :n the
process cf dedicating the new Munici
pal Building vMcmday niglit when the
Chamber of Commerce had its 'house
warming" in tlxe new place on West
Fourth street, it was abundantly sup
plied Wednesday from lito 2:30 o'clock
when six hundred members and guests
of tha Charlotte Good Fellows Club
held their delayed October meeting and
a luncheon. Good fellowship reigned
supreme for the hour an4 twenty min
utes that the Good Fellows -spent
around the luncheon table and staged
one of the livest meetings in the two
year history of that live local organi
zation. One of the incidents was the elec
tion of a new board of directors, (con
sisting of David Ovens, president;
Mavor J. O. Walker, John D. Auten. C.
A. Cochrane, James A.: Houston, Robert
Mavcr. Ed. Mcllwaine, T. T. Allison
Tom M. Glasgow, W. H. Willard and
Rufus M. Johnston. They vere nomi
nated bv a committee composed of J
P. Quarles, Kdward N. Keesler, Sr.,
and Jesse Oldham. The election was
unanimous.
After the Good Fellows had gone part
way through a delicious luncheon
served bv Jadies of the Church of the
Holy Comforter, the Good Fellows uc
tette surpassed their previous atistic
efforts by singing H. Lane Wilson's
'Carmena Waltz," with more than
usual excellence and in a manner that
won something like an ovation from
the six hundred diners, Time did not
permit the encore that was demanded.
Prior to that. Rev. Daniel lverson
had led the Good Fellows in mass sing
ing of "Old Folks at Home." Miss Ger
trude Gower, one of the sopranos of
the Good Fellows octette, stepped
upon the rostrum and led the crowd
in singing the chorus again. It was
an improvement., David Lajoie, direct
ing the Good Fellows orchestra of 31
pieces, dispensed spirited numbers
numbers while the Good Fellows dined.
In the competitive presentation of
worthy charity cases, Julian S. Miller,
editor of The News, won over Korman
W. Lynch and H. C. Jones. Mr. Miller
set a precedent by presenting tne neeas
of a worthy colored family and the club
indicated no consideration weigneu
against the charitable impulse where
need existed. Thomas Griffith and J.
P. Quarles Instantly furnished $i0 to
cover the cases presented by Mr. .Tone3
J HIT T ..U
A new stunt "Dulled" by President
Dave Owens of the club was a "decla
mation" contest, in which the competi
tors were Ramsey Dublin, Rx manager
of the Western Union Telegraph iom-
pany; Tom Glasgow, of the Charlotte
Hardware Company, and J. Laurence
Jones, city recorder. Mr. Dulin made an
instantaneous hit declaiming urutus h
oration over the body of Julius uaeser
as recorded in Shakespeare's "Julius
Caeser". Mr. Glasgow was equally as
good in the oration of Louis Kossuth,
Polish Patriot, in his oration beginning
"Ye call me chief and ye do well to call
.h4f" nnA Recorder Jones starred
in a revised version of the most dra
matic scene from "Romeo antt Juliet.
Visitors were present today from as
far away as Korea. Others were from
New York City, Mempis, Buffalo, PH
adelpia, Houston, Alberquerque and
other far-away places.
Prcident ovens announced plans tor
uQ noiirtwn' unecial train to Hickory,
leaving here near 1 o'clock Thursday to
help didicate the new munimipal build-
ing at inicKuiy. . - -
President ovens also reported upon
several routine features of Good Fel
lows' Club work and won vast applause
by reviewing the good work done by
Dr. Donnellyy, a good fellow, in con
nection with the tubercular clinic
lion finally wc.s tabled, members said.
Unofficial information from the com-
mitt rt-.om last nisht while the com
mittee was still in session, was thaff
tne resolution nao ueeii auyineu.
Three of the distinguished visitors
here ior the convention left early to
day for the East. They were General
Diaz, of Italy; Admiral Earl Beatty. of
Great Brittain, and Vice-President Cool-
idge.
RENEW BONUS DEMAND
The convention adopted a resolution
reaffirming the attitude taken by the
last national convention at Cleveland
relative to adjusted compensation.- The
resolution, which reviewed the history
of the tentative bonus legislation here
tofore sponsored by the Legion, which
culminated in the Sweet bill, paasea ny
the House of Representatives and re
jected by the Senate upon the recom
mendation of the President, reaffirmed
the Legion's stand in favoring the pas
of legislation providing the same
sort of adjusted compensation which
the Sweet bill provided.
a r: a 1 vst rtfr.Rft RRI.RASE.
The Americanization committee's re-1
port was adopted section by section.
One clause, urging that clemency be
not given Eugene V. Debs, serving a
sentence in the Federal prison at At
lanta for violation of wartime laws,
was adopted amid cheers, the conven
tion arising and shouting its approval.
The committee on Americanization,
in its report, urged more stringent ex
amination of immigrants and closer su
pervision of radicals. In regard to the
question of Japanese immigration, the
report requested the convention to re
affirm the stand on the subject . taken
by the two previous conventions and
made no further suggestions.
The use of English only in the coun
try's public schools was urged and it
was asked that all teachers be required
to take the oath of allegiance.
More respect for the flag and more
drastic safeguards against using it for
advertising purposes at home and
abroad were requested.
Better election laws were declared
to be necessary.
Punishment for all slackers Was
demanded, and the action of the Legior
officials in opposing the release iron,
prison of persons convicted of war
offenses endorsed.
Action of the Alien Property Cus
todian in taking over the property of
Grover C. Bergdoll, the American draft
unnroved.
The ' ronnrt nertaining to radicals
cno-cract that newsnaoers be request
ctn' nuvdiah notices of radical gath
erings and that legion posts notify the
proper authorities 01 a" rauivai mi
within their observation.
A policy in Hawaii "which shall re
sult in a larger population ot wsuiwuy
Amai-ionn nrte-in. and give a diversifi
cation of alien population, with a view
to military, social ana economic saicijr
was urged in the report.
MARION MAN KILLED
IN QUARRY ACCIDENT
nanviiic Va.. Nov. 2. Fulton Allen,
aged 21, of Marion, N. C met a terrible j
death yesterday wnen ne was
inn a revolving screen at the Hams
n.cnia rinarrv Pomoany'i plant at
Stacy, N. C, near here. Before a lad
who had heard his screams above the
.,ar. nt tb mno.hine could notuy tne en
gineer to shut off the power. Allen had
n.ised throunrh the machine and his
body was tcrriblymutilated when it was
found. H was an oiler and was oiling
the machine when) his overalls became
in o niiain and in tills way he
i,augiit . i- . - .
was dragged into the cog wheels. The
body was sent to Keidsvuie to e pi.-
pared for burial. He wns unmarneu.
tnnnivr. WnMTNATES SLATE
Washington. Nov. 2. Francis,- A. I
Slate was nominated today by "resi
dent Hard'ng to be postmaster at Gas
tonia, N. C.
Bu.ua.ry iu ... i ,"."1 ; -v. Coca Cola 40 3-8
cent ave in 'ow e2 intV net Gu,f States steel -v 36 1-2
ing and about 2o to 32 points net Sf;aboard Air Line 4
hisrher on the general list. I aic ai, cii d. t nr.
. I . -1 il .5, UI1CI. ULCCI , 1 UU . Ol '
Bond Market 1
118
28
124 1-2
proximated 140,000,000 pounds, compar- July 17.55 17.82 17.32 17. G2
ed witn st.ouu.oo pounas in epiemDer new omv srui turrun.
and an average of 75,000,000 pounds for New York. Nov. 2 Spot cotton
July and August. The October sales mean quiet; middling 19.00.
more than anything else, that the large NEW OHTE4.IWS COTTON,
overhanging surplus is gradually being N Orleans, Nov. 2. A rise of 16 to
worked off and that soon it will be neces- oints was made by cotton around
sayr to increase production, ay tne lime the opening today in response to price Copyright, 1931, by New Publlalilner Co
tnis occasion anres tne nrcicii win uc ' chanees in other maritets over me
such reduced supply it may lead to alholidav here. . The threatened coal
- By STUART P. WJEST
Staff CorrespoHdent ot Tne ftw. -ComyViBlt.l9ai.
by Nw rnbH.hlniC Co.
C nIwB York, Nov. 2. Further ad-
9 l-t vances with numerous w8n p. -
11 1-8 1921 were characteristic
76 3-1 the bond market today. Liberty bonas
General Asphalt 61 5-8 which had advanced only 8s""
each ot tne jhi --,-,-.
United Fruit
Virginia Caro. Chem. .
American Tobacco
American Zinc ....
Invincible Oil
I Live Stock "
X ;
Union Stock Yards, Chicago. Nov. 2.-
r-i-.--iV.. oMiv tradinsr. Conii
j - uvonriea was reflected in tne
r , .n,..rnmont issues. Both the
V l!2s of 19i and 1937, among United
Kinedom issues, continued their rise to
new Wgh grouAds. The 1937's-got up
a point above their closing priee of
yesterday. City of Copenhagen 5 i-ls
. z oo i o hiH thlr tor for the
year. Trad ng nineuy -
YOUR COUGH IS A RED
FLAG OF TIMELY WARNING
a uuai a ,i, n n hai.!.iii. ..j... Jem. "u" j
rush of buying. It has been figured that strike 'was taken as a very bearish J" w stern7ThiS maS WlroW88,h8tI th nubile and today
it will take, the larger companies more feature and some traders thought it wwe J T0hris their offering to the public ayn
than three 'months to resume prodpor- might take the place of the recently bout 9,000 range cattle or the local they reached 98 . their es j nuor
tion andin peases re-openmg of settled fl raHroad troubles, as a tb? foTtte cespondinl ifgotup WaSTthw were a-
mLtnMAerXUnSt Su?eddniia.0raU "t year. Present prices Pf or afi llfces &th&P&ri&i
now to "t their plants ready it would end of the first half hour of business grades of cattle shows a decline from 7 l-2s receipts. The JaPJn? rticular f
be weU fnto Lpring before they would be prices, were 2 points under to 12 points the i levels . noted at the close of last week can 4 s a .nd Belgian issues, particu a
tne close oi monuay. uecemuer n: c "uc m mc wiwji mj i .1 . .L. nt, "ffftvurtimpnt
o 17.95 and fell back to 17.75. house is the good demand for feeding 1 News that the Chinese Q had been
: report from Indianapolis that lambs. At the present time these aret5.500.000 loan due .yfrday tiM wen
20,000 coal miners were out and an quoted only 01 below choice killing I announceu . "l "tuith," j ailwav 5s
. 'i l-i I o nnininn rT T n r PTTPTT 1 I o-forlisc! I lllttuvci, ..v. ..w .
be well into spring
producing in quantity.
r
Mr. Frank Perry Sessions
will teach the Science and
Art of Salesmanship at the
Y. M. C. A. Opening lesson
tree Monday 8 o'clock. Ask
ifor 60-oa2re Y. M. C. A.
booklet illustrated. 2-6t
? 5
EVERYTHING
In High Quality
Building Materials
fTTOne little leak in a
y roof can cause more
M damage than the
whole roof is worth. A
roof is not a roof unless
it is leak-proof. Don't try
to economize there but
be sure of the best. We
rea'iize that of all the ma
terials we handle roofing
must come nearest to
perfection.
CITIZENS
Lumber Company
Soulh Boulevard
Hiones 3472-3473
Curb Market 1
sources. Keystone Rahger reflected up to j.-jo 0-clock prices worked up
the announcement mat to levels 4 to 48 points nigner tnan
has 107 producing wells and SO gasitne cjose Monday, carrying December
wells, while active Duyms wuu.iucu to 18.21.
in Tuckeny. . . . t ciiOSE ew oklmass kutukks.
Jn the mining groty riouth Americanly New Orleans, Nov. 2. Cotton closed
Geld was demand again. Among tne j steady at net advance of 30 to
industrials tiien Aiaen oai vvo i- points:
fluenced by the statement that the Gpen
properties recently acquired were esu- Dec ; 1790
mated to contain twenty million ton Jan ......... 18.00
of coal. These were the leaders of tne March . . .. .17.85
low priced issues. - j . Iviay l.&o
Some irregularity was shown m the july 17.00
leadine oil shares, standard Oil ot in-l
Le,. "Bc. r Ponn Attantic. Lobos and LIVERPOOL rOTTOV
American were in urgent de- Liverpool, Nov. 2. Cotton: Spot in
mnnd at the time and scored advances, fair--demand; prices irregular; good
m.a".a ?Li"-i,i or.A international Pe- middling 13.05: fully middling 12.65;
nr um showed signs of rather heavy middling 12.25: low middling 10.95;
ll?t Jklnff Igood ordinary 9.25; ordinary 8.50.
P,Swma an!-Company was quite; prom- a Sales 6.000 bales including 4,600
t ha miscellaneous Krouus, uwc nnitnwu. . "
.hirnlv on a moderate demand, ing 5.400 American
over
IU J.I..7U UHU i.w.1 ,- - . . - " '""t.- rlliAll 1 J.,
The report from Indianapolis that I lambs. At the present time these arert',a.""';,1a",u;ci:'c.
: : e u ..Pi -, I . l-i m Q r if r
uniavoraoie opmioii ul iuc . graues. .. . I wi 1 i. t.lnt- to 42
the dock striKe at ivew urieans, ija- Receipts of live stock at the local yards ""Jl1-" th industrial section
veston and Houston caused further sell today were estimated at 9,000 cattle, 19.- rtfMfhn ,b,stndreiched Ae high prices,
ing under which prices were sent dawn 000 hogs, 33,000 sheep and lambs . and ,fv ne, aJa AmVr can Smelting and
to 17.57 for December .where the list 2.000 calves. 1 Rfinin Be Bush TrminTl Building
showed net losses of 7 to 19 poinst. Cattle: Choice steers were steadv to S1" i.U9 nnnflvr 8s. Inter-
j.eiiy
and
an
as in better shape, however and sellers I Tvienh one and Telegraph 6s at 102 ! 7-8
were more satisfied with the trade than I onnaiieii their hitrhest level of 19i.
.they were yesterday. One lot of 1015 j Central Leather 5s rose 1-2 points to
yound yearlings sold at ?12.50, while other I 92.
oung stock went at 511 to ?ll.&0. which 1 Eaiiroad nonas wnicn nave
K15 rmKn ctura at io?Lft "RhHt nf icoHnrs In the. market were neavny
steers sold at $6.50 to $9.50." Cows and dealt in and a number of them ex
heifers were slow but values were little ceeded their previous hert prices tor
changed. Canners at 52.90 for the best the year. This was true of Atchison
were about steady, while veal calves stop- I general , "-"ArAv Teiand a-eneral
noi tn cn tn ar.kr r.r. o wpat d v sion 3 l-2s. Rock Island general
Rr STU (BT r. AVE3T
... fV rnmciuimlnit nf TllF XeWS
Cods ri'itht. 1031, hy Kew PwbllslilnK Co.
New York. Nov. 2. Chief Interest on hihpr thanrthe close of Monday
the curb exchange touay f " 1 In the afternoon short covering be
,. in Hio low nriced Shares. l 1 ma irknr h.ovv qtiH the mprlrot milar
rn a-nfl flas was one CI tue leaueis, I . r.rntrart cam( scarce. Pros
advancing to a new high record, on re- pects Gf a bullish report on ginning
torts that a new well had been prougnt i net Wednesday seemd to be back of
1 ne ouyius auic i.... "-", some oi tne covering, in tne irauins
sf.owea net tosses oi 10 X,,l a Cattle: Choice steers were steady to T nVifTont 7 l-2s Goodyear 8s, Intt
Just at noon - an upturn was caused stron? but others were steady to strong, Mercantile Marine 6s Kel
by realising ".hy shorts and the harket but other &rades were no better than 5rr2rflela i s" Sinclair OU 7 l-2s. a
It 3avPinta steady even at the best time. Demand efn Unions 6 1-2 and 5s. Americ
High Low Close
18.32 17.57 18.12
18.40 17.68 18.17
18.25 17.58 18.06
17.80 17.20 17.C0
17.34 16.90 17.15
closed
November
quiet.
2: Ji
May 11.43; July 11.22;
Mon Vnal Rums Futures
Pur,,nd a nunVber of othe7 re- 1?:02;. December 11.92; January 11.82;
rent leaders, generally receding after Marcn ui.eu: m
lowing a firnf tone in the early deal- September 10.72.
if.firS. LiOW prciea niuuiis "i'Vr V
fairly active with Boston & Montana
the leader. trice cnauscs gcui;i.i.j
.Mr.
suJ?'il ,t-oiv to firm. Dealings
were large. Fractional advances were I pound sterlinfl)
recorded in many issues.
v FOREtGS EXCHANGE.
New York Nev. s. Foreign ex
change irregular.
Great- Britain tpar 4.sd s-5 per
uemand x-i;
Sixty-day bills on
New York. Nov. 2. Butter unsettled:
creamery, h gher tnan extras i i
V. .! t . A 1-2: firsts 38 to 45 1-2.
x-i, en. . . . . m i- .v..r-ar1 avtrau
BMf.r T A flriu 52 to B6i New Demand 7.12-1-2; cables
firsts 58 to 62; do firsts 6 to d. ew nar23.g ce
Jersey hennery, wmie-. maiifl 51 1-2: cables 52
candled Beiectiona v. -Holland (par 40.2 cents per guilder;
SIrhee easier" state whole milk, Demand 34.
fla?rfresh?asSKials 22' 1-2 to 23; do. Norway
averaK '"-- .. i.n., 23 to Sweden (par
Live poultry a... - Demand 22.85
cables 3.92 3-4
hanks 3.89 lfSA.
France (par 19.3 cents per franc)
Demand 7.36; cables 7.36 1-2.
Italy (par, 19.3 cents per. lire): De
mand 4.03 1-2; cables 4.04.
Belgium (par 19.3 cents per rrancj
mand 7.12-1-2; cables 7,13.
Germany (pari 23.8 cents per mark)
08: cables 34.14.
par 26.8 cents per krone)
13.63.
Sweden (par 26.8 cents per krone)
"breswd quiet and unchanged.
CHICAGO POTATOES.
TX isiov. 2. Potatoes dull.
i-' "-"""'i. uini,iFTi and Wisconsin
Minnesoia, """"j-" i hii, i 70 to
round white sacked and bulk to
LSW-cwt. , Mortn Dakota Red
Minnesota- t-, ;,,n, 1 in Argentina. nvo
River Ohies sacked and bulk 1.65 to gentine paper dollar) : Demand 2.50,
Denmark (par 26.8 cents per krone)
j 1 o c c
uemanu xo.ou.
Switzerland (par ,-19.3 cents "per
franc): Demnaa lb.50. t
Spain - (par 19.3 cents ;-penz peseta)
Demand 13.40. .
Greece (par 19.3 cents per drachma)
Tf.msinfl 4.50.
Argentina (par cents per ar
Dakota round white sacked and bulk
1.40 to 1.6 cw,t. i.H n to 2.30
Idaho Russets, sacked -0 to ..
Rrazil (Dar 32.45 cents per paper
milreis): Demand la.uu.
Montreal (par J.00 cents per Canadian
- dollar): 92 l-s.
Disregard It and Disaster
May Lie Right Ahead.
You have not been feeling quite fit
you are unaccountably tired at the
least exertion, you feel depressed and
blue, your head aches, at times com
pete inertia steals over you you real
ize that you are oniy about 50 per
cent efficient. Mother Nature has
been doing her best to warn you. and
you have disregarded all her hints.
New you have a cough.
Perhaps your cough is an after
effect of a cold, perhaps it lies in
the chest, in the bronchial tubes, pot
siblv it's a stomach cough, it may be
that you fool yourself by saying its
hereditary. The kind is of compara
tivelv little concern.
A cough in itself may not be more
than irritating. 13ut tnat cougn neg
lected and permitted to hang on will
lead to complications. ine i"".
eradicate the cough is at us ms
warning the way is to take l-r.
Cheney's Expectorant which goes right
to the seat of the trouble. A cough
13 a symptom use Dr. Cheney s Ex
pectorant to correct the cause.
Dr. Cheney's Expectorant has been
scld for over sixty years. It is a
remedy proven throughout three gen
rmtions and thousands upon thousands
attest its marvelous healing powers.'
Keep It in the hdUse it is just as
good for colds, bronchitis, whooping
cough, croup or any of the affections
nf throat 01 lungs. A Bottle of Dr.
Cheney's Expectorant is an insurance
policy against grippe, innuenza, jmuju-rrf.T-ta
ratarrh 'bronchitis. asHima,
quinsy, sore throat, etc., Vith their
attendant heavy doctor bills.
sold bv all druggists and In smaller
towns by general merchants, in 3Jo
and 60c bottles,
4s.
or. rofiindinff 4r. Kansas ' city
Ho?s:-Trading was slow from the n"th hfHlSK'. Shored
ort Kt AarnorA roe 9 Httla ltattarlatn I and JViempniS , r. .'
"-v. I Pennsylvania 6 l-zs, at. ijouis p
Values were generally ' io w vw Orleans Ter-
steady compared with the average of the j mjnai js Southern Pacific convertible
day before. Practical top was placed at I 4s Oregon Short Line 4s, better prices
a 7 wi in i lenis ai o anu uic ucoi i moiiii sian in Delaware unu nuu-
pigs at 08 to $8.25. Few rough packing so convertible 5s, and Pennsylvania
hogs sold below $6.50, while good lots general 4 l-2s, which equalled their
were quoted at $7 to $7.25. highest figures for the year and in
Sheep: Lambs were mostly 15 to za Erie prior lien 4s, western aciwo o,
cents lower for all killing gradj. Fed alli Atlantic Coast Ltne first 4s. There
westerns and the best natives sold up to I were no new issues of consequence
$9 while' packers took choice lots at $s.so today. wnat iresn quumumi.
to $S.85. Best feeding lambs went at wefe, principally of municipals were
$7.50 to $7.75 on a weak market while reported ot have gone on satisfactorily.
aged muttons were clow. nP.u. ESTATE.
inuaioci a - v -
CHICAGO LIVESTOCK.. - ' 11
9.' 9 nn, .nod and ot ?S5t TaMay th. l- -ade
choice beef steerVand arlinis rtrong by L , M .Earnnarai -"-
to 10 higher; top yearlings 12.50; "corded in the ff Xurg coun-
wegiht 1,014 pounds: -top 1,200-ppund of d40d lina in book 406 It page
steers 11.40; choice 1,550-pound, steers ty North Coim hereb made
bulk 7.35 to 7.75; pigs steady, mostly f dA "otes fencing said debt. I
8.00 to 8.25. , oit t h e n otes J "Yh highest bidder
SHEEP: Receipts 33,000; killing will offer for sale to n( dQor
classes 15 to 25 lower; feeders steady, "rp"" Mecklenburg County. North
native lambs to packers eariy mosny i X'rnlTna ' at 12 o'clock noon, on 'Mon
8.75 to 8.85; city butchers 9-00; western Carolina a1- of December, 1921.
lamns mostly ieaeerB. iuiir xoau icurr j . , tne first Monday in
said December, the" following described
ACCOUNTING
SERVICE COMPANY
407 COMMERCIAL
BANK BUILDING
TELEPHONES
M89
Accountants
AND
Federal Tax Specialists
Audits ,
Investigations
Systems
Income Tax Returns
lambs early steady at 7.75.
Expert advice on Federal tax procedure by
our tax specialist, whose knowledge - and un
derstanding of the Federal tax laws has been
nationally recognized, constitutes only a part
of our unexcelled service.
You may consult him without charge.
NEW YORK CAL1. MONEY,
New YLork, Nov. 2. Call money 1 nated as lot ino
re .m known and desig-
eesie" 'high 2 l-lT low 4 1-2: ruling Vhown in the Hub Realty Company's
till i 1-?? closing bid 4; offered at gj, 0f Forest Hill, which map
4 1-2- last loan 4 1-2. is Recorded in booV 230 at page 147
Call loan against , acceptances 4 1-2 n the office of the register of deed
vr . , . en Aa,rt, k la t i a fnr Mpplclenhure County, North
BnayaTl
Drive and extending back vHth that
width one' hundred and fifty (lo0)
e -1 A 1
Prime mercantile paper 5 1-2 to 3-4.
SUGAR.
, New York, Nov. 2. Raw sugar
steady at 4.06 to 4.11 for centrifugal.
Refined unchanged with fine granu
later listed at 5.20 to 5.30.
feet,- ,
Terms of sale cash.
tv,Ic rwfcr Slfit. 1921.
J. F. FLOWERS,
ai-2-5t-oaw . Trustee.
On The First Of The Month
If you contemplate . opening a new bank account the officers of this
Institution would be glad to discuss the matter with . you. This" bank
jffers every facility ana cordially invites depositors and customers.
Thanking you. ,
Charlotte Bank & Trust Company
214 .East Trade Street.
M. A. Turner, Pres. W. R Foreman, V. Pres. J. H. Leech, Cashier
.1
n
a
it
. cwt.