19
r,
?LrVESTOCK
COTTON
GRAIN
ARKET QUOTATIONS; FINANCIAL
TITE MOOT COMTLETB MARKETS PAGE PUBLISHED IX THE CAEOHNAfik
EDITED BIT ST CART r YVKST feTec IB Yens nmcAal Baiter- of Tlk New York Gieba.
NEWg
CURB
B0ND3
STOCKS
i DISCUSSION OF WILL. WITHDRAW
plan expected: foreign courts
SI OWING UP IN
STOCK MARKET
)pyc Caution Also Exhib
c( n the Bond Market;
I V rices Maintained.
for' '
f.r
""
St ' ' -
f uv STTAICT P. WKST
I .cit orrpnl-nt ufThf w.
.-.'yf-f,. .v York. Nov. ?.--
.'iitf a noticeable slowing
) ;itV l'Ofll in tin5 boiul and
I'S-k"-s today. Whether or ijoi
j . f ', h rough for the time being
' ,.,i, of ad liistment rn tl-.
$ V'-m-vWt rates, it was evl-Jfvu
1- ' . i ii . -a tier l 1 1 r : i . I he.
p.k hud begViii to tell, the
viif maintained preit
;.(. e w a an increasing stn
:rion and an c.riwil tirigness
;'ip market any further up.
.-i !. uerty bond.-5 inn do a new
;c year and so 'lid so mo of
government issues a n-I a
: t , rj"rate issues.
ill,, share list moved
i:-'. ! i'!' uncertainty. Ya--s-o-ks.
notably Can ad inn
";u-i:": and Grcar N.M-th--ve-'l
higher. Hsiiiivm
n. an Tobacco. Studc
; ;;! minor spc i.-ilti-;s
again But the genoi a
, buoyancy of oilier da
-:tU's were well laV'M.
-! h-!ess large -noio-;, to
. l'i: the rise in niosi
about a Jfii-
Or'
! :
tli.
to
N-
tb
m '
i '
r.
I-:
er
I if
bn'
.'ifr
th
di
al' de
i
Vf
Wf
hs
w?
in
de
rl
cf
ff
f-
hs
uV
ar
w;
ins
TTlf
fir
1
j
r
ti
cir
rte-Rr-an
i
wa;
la
r in
fie-
mi!i in-
- I i " o r:!is
,! r-.vi ion.
u:;--si i..-i befi
stHi-.-u;a'.ive oonininnit ies
;. .r not t lie recent adv'aiu'e
;.i viiii id to hold. Theie
'-.-( iliat tite day's ealcu-
: i! i! : loinfil l" any outs:
! 4 I'aremn exchanges in
.;::,. which are now tile
interest were strons
t: ii w ever. hae been
: i,. infer that this reeovery
; m - i do with the attion of
;-"v. i on! : n isxion siiainiiinins
ui.nnl roiifovence i-oinealent
': ;,y nent of the second Ger
;at:ons to prevent the de
. n w".iir'.i ftrco:-npanied the
? decline in francs is inde
ed In which sterling- has not
: . nii -kal-le part about the stock
-as that prices should have yieht
! ;r .; as they did in ipite of the
in favcr of a downward turn
; rating opinion in speculative cir-
'aor of a downward turn. Sears
k frefcrred broke very badly agrain
1: trestinp fact in this connection
:ir ih- main decline started when
the new thiancing was denied
denial failed to have ny effect.
Aico'iol dropped to a new law
!',;r. wa" some special selling too
-:;;ar stocks which may have re--'.;5.npoinUncnt
that predictions of
H 5 "f.aRP in in new v uumi ciup imu
tO bad no effect upon suar prices.
v however sucn irn t a mere was
' react ion wa manifested rather
(. f,!;',;nc of in business than in the
f c; prices. There were lonp inter-.:-;-r
jr the day when the market was
dui!. Always' when the selling
r;o .t.-.enied as if it mijrht be getting
was restricted by the out
j
to
la '
de
v -
ba
lm: s
i
: u ; - ei
I-t i
a
fife'. ::-
.'. fr".h luiyins in this or that
Y :':. r., . ;. l-'oreisn ex-
Britain (par $4.S5 F.-8 pr
eiP-:ni: rmand 3.98 3-1;
;. '''-day bills on banks
il'ni. far If1 3 cents per franc).
Df . .'i'i-'-S C.fM l-'J.
t par ; 3 cents per lire): De-n.is--l
-aides 4.08.
J'.risi I-.-, 't-ar lt.3 cents per franc):
i .6i 1--'. cables 6.6i.
' .ti .-:: a :.v "p?r cents per mark):
tf : :S i-t: cables 36 3-4.
.K'-ii"i,';r'l i par 4P. cents per guilder)
eHides 3i).ol.
;; v L'fj.S cents per krone):
- w;
be:
' -S"- Men e n- 26. S cents per krone):
I i y
l-n ca.;. 'par 28.8 cents per krone):
Dc a-cl ' .-! '.
S-.v:'ierienl 'par 13.3 cents per
ftBv -: Tif-amnrl 19.00.
Jrai:: ipat- 19.3 cents per pesota):
Tk i 11. in).
icr.f c ipar ID. 3 cent3 per drachma)
De-ruir.d '.Afi.
i.v-ufutina fpar 42.44 cents per Ai
e:-' paper dollar;: Demand 32.12.
'Brazil (par 32.45 cents per paper
Hfd're-:s : Demand 13.00.
'5-' -Mitreal (par 100 cents per Canadian
dp::?n: 01 3-S.
i
I .EV YORK PROVISIONS.
York. Nov. 2t. Butter fiirn:
en higher than extras 45 1-2 to
41: reamer:', extras, creamery, firsts
3S m.
4i-s? irrepular: fresh gathered, extra
"' to 6S; do, Hrsts 5 to 62: New
J":-r lvnnfry vhites, extra fancy.
c4"(:','-i selections )0; refrigerator,
tj- niarks. fancy 41.
( '..(-psr irrcKular; state, whole ml 11c
at:-. (. -.) roeejals. 21 to 22; do, a v erst-
"'! 2'"' to JO 1-2.
jT-i '' j-rnV.ry steady: chickens 22 to
23; 'owls. .'I to 26; roosters 10; turkey:;
43 f, i,
M '.'
,1
f.r '
fa
1 s'eady; western chicken.5 23
t-irkeys. fresh 51 to 53.
Ml AOniv MOXEY.
"' . York Nov. 2?. Call money
" sn i 1-2; low -1 1-2". last jOrin
i. -;oiMf bid 5; offered at 5 1-2;
rate t ..
! Iaip- against acceptances 4 1-2.
'-ns easier; 80 days, 5; dO
months. ..
'''-' 'nercantile paper 5 to 3 1-4
all-
SILVER.
rok. Xov. 29. Foreign bar
i-t.
-i dollars 1 1-.
Mr STUAHT P. AVRST.
Sinn Correnpondrnt at The TVrrr.
vopyriKht, 1821, by Xefra J'libttshlns Co
SEARS ROEBUCK.
ears Ttoebuck's decline all the way
down from par and above has been a re
cord of demand of unpleasant develop
ments impending. Each time these de
nials have fallen flat and the stock has
sunk lower than over. It might have been
predicted confidently lhat the report of
now Scars Uoebuek financing would be
denied, ttut when one of the news agen
cies this morning came ol,t with a Chica
go dispatch quoting unnamed officials of
the eompnay to the effect that no new
fiiianeing was being considered it was not
folio wed by the slightest rail v. On the
contrary Soars Roebuck common which
was then selling around 61 began its
downward plunge through 60. The essen
tial point about the company's situation
is not the question-of new financing. The
main thing is that on account of the de
pression in agriculture. Sears-Roebuck, in
common with other farmers' supply con
cerns, is not doing enough new business
to be abie to liquidate, except very Slowly,
its surrent debts. Under these circum
stances the street reasoned today pre sure
might be brought to bear from banking
quarters to omit the preferred dividend
altogether. International Harvester was
influenced unfavorably by the weakness
of Sears Roebuck shares.
EVERYTHING
J n High Quality
Building Materials
fTTo he safe, be con
serTative. If you val--1
ue your future peace
if mind you can't be too
'or.servative in building
ouildinp; your home. Buy
Vur materials with care,
them personally, if
Possible, and above all,
'Hiy what vou will be
proud of in the future.
CITIZENS
Lumber Company
South Boulevard
Hones 3472-3473
Tl KK SHARES HKTTEK.
Most of the tire stocks were helped
by the figures given out this morning re
garding the financial status of the Good-
ich 1'ompt.ny. In the first nine months
if 11)21 inventories were reduced from
Mi'.'MH'JJOU to JMS.oiMUHin. lhat is. nearlv
ut in two. More than $23,000,000 has
been paid off in bank loans with the
urther prospect that the companv will
je entirely free of debt by the close of the
year. Current assets as of September 30
were $61,570,000 as against surrent lia
bilities of ?1 11,770,000. During the last
two months since the figures were drawn
up there, has been a further increase
from S2,29S,000 to $3,500,000 and a
further decraese in bills payable from
US. 994. 000 to $3,100,000. Earnings for the
year, it was given out will make a satis
factory showing despite the reduced vol
ume of business during the first six
months of 1921.
TOBACCO STOCKS,
There was a sharp run up in the high
priced tobacco shares particularly L.oril-
lard and American Tobacco. Tobacco
roducts got across 60 again. The earn
ings for the first eleven months of this
company have run well ahead of a year
ago. The situation in Retail Stores is de
cidedly better than the street has been
led to believe. After paying the full six
per cent dividend the eompnay will have
a surplus at the close ot l'J3l quite sub
stantially above that at the close of 1920.
Last years surplus amounted to $4,150,000.
On October 31 last it stood at $4,570,000
and this did not take account of the last
two per cent dividend which has been
declared on United Cigar Stores and will
be paid into the treasury of Retail Stores
jn itme to show in the 1921 statement.
United Cigar Stores is doing a larger bus
iness than ever and will materially benefit
from the new profits tax. It is estimated
that it will save through the new - tax
aw and reduction of operating costs
something like J 3,0 00, 000 a year.
INTERNATIONAL PAPER.
Weakness in international Paper which
has been very apparent for the last few-
days was taken to
for the stock was
announcement or
print prices when
iven out.
mean that the market
getting ready for the
another cut in news
the next schedule is
NATION E EN A ME1.IN (.
Buying of National Knameling fr the
last week or more, and especially today,
took its cue from reports which claimed
to be well founded, that the present six
per cent dividend will be maintained for
another year. It is the custom of the
eompnay to vote its dividend 12 months
ago.
(ERMAN'Y BUYS COPPER.
The annonuced sale of 2,000,000 pounds
ot copper to uermany oy tne uian copper
Company is believed to be only the first
of such sales. Several more are nearir.g
the stage where announcements regard-
ng them can be made. The most interest
ing feature in the German purchase is that
the copper is to be paid tor by- a promi
nent banking house not heretofore active
in Uerm;n mtatters. Copper metal is
moving In larger quantities nan at any
time this year. November shipments
alone are estimated at over 115,000,000
NEVY HAVEN".
With New York, New Haven and Hart
ford stock down to 12 at the opening to
day which means practically receivership
prices it became known that bankers had
agreed to come to the rescue and advance
the funds necessary to take care of the
1 45.000.000 franc issue of four per cent
13 vear debentures due April l, 192
Phis renort caused an imminent rebound
in New Haven stock. i orelgn loan ma
turity has been hanging over New Haven
for some time and has brought about a
general selling movement in the stock
which culminated in forcing it down to
the lowest price in the history ot the
toad. Another point regarding New Haven
is tnat nressure is being briught to bear
on Other roaas. as a resuii. .New navtu
ivill c-et more business and better treat
ment.
I
Curb Market .
I Fntnra 1 1
1 I
COTTON RALLIES
NOT MAINTAINED
Market Nervous and Un
settled With the South
as a Seller.
Vol
threw
reac
By STUART P- WEST.
StafT Corrvspoortfnt of The KervB.
Crip.TrtstIit.1081.br Xewn 1'nbiUhlnc Co,
New York, Nov. 29. The cotton market
was nervous and unsettled agrain todty.
The rallies of late yesterday were not
maintained. It looked as though the de
mand from scattering shorts had been
pretty well supplied before the close last
night while there was evidently no im
provements of consequence jn trade de
mands and this left the market without
much support. Cables were better than
due tand the opening here whs steady
at a decline of 2 points on Slay but gen
erally unchanged to 1 :: points higher. The
South was a seller, however, and prices
soon turned with December relatively
weak owing to notices which were esti
mated at about 2.900 bales.
These notices continued to circulate
during the forenoon ami whil there were
rumors that large trade Interests were
preparing to take up 50,000 bales of cot
ton on December contracts before the end
of next month, there seemed little demand
for the position this morning. It eased
off to 17.53 in consequence or about 37
points net lower while later months sold
15 to 20 points below last night's closing
quotations. There were then rallies of
several points from the lowest but they
were not. fully maintained and the market
seemed to feel the lack of any broadening
.leniano from the trade.
Liverpool made a relatively firm show-
tig early with private cables reporting:
covering anil a better spot demand. Later
Liverpool eased off which accounted for
some ot the late forenoon selling here
when the market, is also influenced by
ess favorable spot advices from
southwest.
By STUART P. TVEST.
Staff Correspondent of The News,
f Tilth 1. 1081. by iev PublU-bm Co,
vaw vnrk. Nov. 29. The curb mar
ket strated active and firm again today
enr! sKveral stocks reached new hign
rv,ovi.- riiirmo- Die earlv dealings but
after ' mid-dav profit taking developed
,.n a larger scale than at any time
iiAfnrp and vl reaction followed
lrliirh earr ied some stocks below the
nrnt'lnni r-lnsini? levels. The coal
ctnnks netPd bettar than any other
group. Acme Coal was unusually
, -live nri'i advanced to a new hig-ii
record for the present movement while
gpins were recorded in Burns Brothers
v vorrell and ;len lden. The tobac
co shares were heavy. Missouri. Kan
aim A Texas, preferred, on active ouy-
iiie- in the earlv dealings also made
new ton. Then a sharp recession
inmofl r.n henvv realizing sales, esp
,.iuiiv iw thf 'traders who purchased
the stock some days ago and
it over after mid-day when the
linn dfl-llfinpil
lmnerial Oil of Canada was the
leader of the oil shares moving up to
another new hiarh mark .Vast after the
,r;ni n sr. onlv to run Into heavy selling
vL-hteh resulted in a sharp reactioi
Standard Oil of Indiana also sold off
ofto. an initial advance and heaviness
,-.!. shown in the other Standard Oi
on moderate offerings. Simms Petrol
eum was in ' good demand for a time
but the buying generally was credited
i eoverine- of shorts. Salt Creek
PrnHnHne and Maracaibo were sligluiy
ifwer but dealings were comparatively
small.
There was fair activity in the mra
irf stocks but price movements were
email Boston & Montana attracted
attention as a result of the announce
ment that the company's mill is in a
pesition to ship 50 tons of concentrates
a rtflv and will begin shipping tnis
week. Hard Shell was also quite
aetiv-p and fairJy steady.
Mthousrh price changes were small
r, the bond market the dealings ver
ohont ut) to the recent average. The
Missouri, Kansas & Texas Issues con
tir.ued in good demand and there was
aoatn rather heavy selling of Columbia
Graphophone 8s.
SUGAH-
Xew Y'ork, Nov. 29.
changed at 3.87 to
fugal.
Refined unchanged
for fine granulated
Raw sugar un
4.11 for centri
to 5.20 to 5.30
the
Roc
CHARLOTTE COTTOX.
?ipts today, 35 bales at ....
. j c
NEW YORK COTTON.
New York. Nov. 29. The rallies of
ate yesterday were followed by re
newed irregularities in the cotton
market during today's early trading.
i'he opening was steady at a decline
of 2 points on May. but generally
mchanged to 13 points higher on
higher Liverpool cables, reports of an
mproved spot demand in tne n,ngiisn
market and talk of prospects tor an
early agreement on the question of
naval armaments. .Tanuary sold fr.
2 and March at li.67, or about i
points net higher, but the circulation
of December notices estimated at
about 2.900 bales, caused some near
month liquidation and there was also
scattered selling on reports of a con
tinued poor demand in the domestic
goods market. January eased ofr to
17.66 and March to 17. oS rignt alter
the fall, while December sold at li.iS,
making a net decline of 12 points on
that position.
After showing net losses of la to .;,
points with December selling at 17. o3
and January at 17.18. the market
turned steadier on New Orleans buying
and covering. Early reports ol an
easier spot basis in the southwest were
not confirmed, and the advance was
noouraged by advices from Dallas
laiming that the pink boll worm was
being found in many localities. It
was also reported that most of tne
December notices issued this morning
had been stopped by-, prominent spot
tterestfi and December rallied to li.:.'l
nn lour points net nigner. January
sold up to 17.S7, around midday, ma.i-
ns a net advance o. 22 points. -Trading
was quiet during the middle
of the afternoon but the market held
steadv and within two or three points
the best or arond 17.93 for Janu
ary and 17. So tor ivtaren.
CLOSE NEW YORK FPTOBES.
York, Nov. 29. Cotton closed
New
easy:
Open Hierh Tow Close
Dec H7.90 1S.00 17.53 17. oZ
Jan. 17.(0 li.Ho 1..4h li.iU
March 17.64 17.89 17.38 1.3S
llav 17.33 17.57 17.10 17.12
Jnl'v 16.90 17.12 16.70 16.71
NEW TOBK SPOf COTTON.
New York. Nov. 29. Spot cotton
quiet; middling 1(.H0.
NEW ORLEANS COTTOX.
.ew Orleans. .ov. z. -tseiter caui-s
than due put the price of cotton 3 to a
points up raound the opening today.
but the market soon ieit selling or
consequence, stimulated mainiy Dy in
terior reports of easier spot markets.
Houston wired that the basis there
was easier. At tne enu or tne nrsi nan
hour of trading the active months were
to 19 points under the close of yes
terday. January first traded up to
17.12 and then fell back to 16.90.
t a level 11 to 12 points down.
where January traded at 16. Si. tne
market commenced to f aei a new de
niand. stimulated by favorable rumors
in connection witn international pon
tics and bv the report that one of the
biggest spot houses in the country
oy.tiuu oaies or uecemoer
the New York market,
It intended to demand
the trading up to noon
to 17.25 and the list went
over yesterday's
points,
afternoon
close oi
early buyers tried
was long of
contracts m
upon which
delivery. In
January rose
to advances
13 to 20
In the
ti realize pronts and as rnye u t
their cotton go the market-commenced
to soften. At 1:30 o'clock prices weiv
to 10 points under the close of yes
tcrday with January at IS. 99.
CI.OSF, NEW ORLEANS KUTUKES.
New Orleans, Nov. 29. Cotton closed
steady at net declines of 11
points:
open -iign
Dec 16.8S 37.16
Jan 17.04 17.37
March 17.14 17.46
May 16.94 17.20
July 16.45 16.fi9
NEW ORLEANS SPOT
New Orleans, Nov. 29-
sales on
to
Close
16.
16.S4
16.:2
16.70
16.2'J
,uiet.
bales:
Low
good
25 higher:
to arrive
middling
middling
Low
16.73
16.83
16.92
16.70
16.27
ro'i'i'osi.
-Spot cotton
the spot 459
15.
IS.
5; middling 17.25
Receipts 5,967; stock 133,637.
LIVERPOOL COTTON.
Liverpool. Nov. 29. Cotton: Spot
nuiet; prices steady; good middling
11. S9; fully middling 11.49; low mid
dling 9.79;'good ordinary 8.04; ordinar
7129.
Sales fi.OOO bales, including 4.800
American. Receipts 12,000 bales, in
cludinsr 9.200 American.
Futures closed barely steady. No
vember 10. S6; December 10.81; January
10.7S; March 10.75; May 10.68; July
10.57; September 10.19.
CHICAGO POULTRY.
Chicago, Nov. 29. Poultry,
higher; fowls 14 to 22 1-2;
Jl; turkeys 30; roosters 15.
Wall Street
K I.
New York. Nov. 29. Trading shifted
to shippings, oilts, motors and their
specialties at the opening of today's
stock market. Rails, steel's and equip
ments evinced little of their" recent
activity. United Fruit rose 1 1-2
points. Mercantile Marine preferred,
American International, Willys Over
land preferred. United States Rubber
and Kelly Springfield Tire also hard
ening. Standard Oil of New Jersey
nis.de an initial gain of 2 points and
this soon was doubled, the California
issue rising 2 5-8, Associated Dry
Goods was strongest of The specialties,
advancing one po'ilt. Pressure against
l"t. ion Pacific. New Haven and Vest
inghouse Electric rausel fractional re
verses in those Issues,
Market leaders, including- rails, i e-
Ktsu at midday, probably because oi
the increased weakness shown by
speciaities. Sears-Roebuck extended its
iecline to 3 1-2 points ana Harvester,
Deere preferred. Industrial Alcohol ,uid
ool wort h, .were 1 to 2 points lower.
he closing was irregular. Bonds
vere active- and migner witn many
lwe maximums lor government issues.
Sales approximated 900.00(1 shares.
NEW YORK STOCK LIST.
Last Sale.
is-Ohalmers .. .. 3C 1-R
ugar . ,
alive
sprin
COLLAPSING WALLS
BURY 25 WORKMEN
New York. Nov. 29. Fifteen or twen
ty workmen were believed to have been
killed today when a new theater, in the
course of construction at Bedford and
Park avenues, Brooklyn, collapsed, ac
cording to early police reports.
At the Vernon avenue police station
Dhe number of dead was estimated at
25.
Fiftv workmen were engaged on the
new structure, the American theater
A hurried roll call indicated that about
hall! of them had been buried.
Shortly before 3 o'clock, four had
been taken from the ruins and rushed
to hospitals.
Sylvester Rosenthal and Samuel Mos
kowitz. the contractors, who were de
tained on a technical charge of homi
cide, told the police that about 35 men
were working in the orchestra pit when
the'roof and north wall fell in. They
estimated that about ten had escaped
being buriedU :-. - ; ,
Be-.t.
Can
Car
Hide
Intei
& Foundry
& Leather pf-1
national Corn..
Locomotive
Smelting fe
Susrar ,
Sumatra
T. Jfc T.
Tobacco
Woolen
Copper
Ref.
Tobacco
Sec,
ctfs
American
American
merk-an
American
American
American
An erican
American
American
An f rlcan
'n,erican
An erica n
Araconda
Atchison
Ail.. Gulf & V. Indies
Baldwin Locomotive . .
Baltimore & Ohio .. ..
Bethlehem Steel "B" ..
Canadian Pacific . .
Central Leather
Chandler Motors , . . .
ir.esapeake & Ohio . .
CI ieago, Mil. & St. Paul
h!rago. R. I. & Fac. . .
Chino Copper .v. .. ..
Colorado Fuel & Iron . .
c-rn Products
Crucible Steel 4
Cuba Cane Sugar ..
Kile.
General Electric .. ,.
General Motor
Goodrich Co
Great Northern pfd
Great Northern Ore
Illinois Central
Irspiration Copper .. ..
Int. Mer. Marine ptft ..
International Paper ..
Kennecott Copper . .
Louisville &: Nashville . .
Mexican Petroleum
Miami Copper .. .. ..
Middle .States Oil . .
Midvale Steel
Missouri Pacific
New York Central . , . .
X. Y.. N. II. fc Hartford
Norfolk & Western . .
Northern Pacific
Oklahoma Prod. & Ref.
an American Petroleum
Pennsylvania
Pittsburgh & Yv . Va. ..
Bay Consolidated Copper
Reading
ep. Iron & Steel .. ..
Royal Dutch, N. Y. . .
Shell Trans. & Trad. ..
Sinclair Con. Oil .. ..
Southern Pacific.
Southern Railway ..
Standard Oil of N. J., pfd
Studebaker Corporation
Tennessee Copper . .
Texas Co
Texas & Pacific
Tobacco Products . .
Transcontinental Oil ..
Union Pacific
U. S. Food Products . .
Retail Stores . . , .
Ind. Alocohol . .
Rubber
Steel
Copper
Westinghouse Electric
Willys Overland .. ..
Pure Oil
Atlantic Coast Line . .
Coca Cola
Gulf States Steel . . ..
Seaboard Air Line
Sicss. Shef. Steel & Iron
United Fruit .. .. ..
Virginia Caro. Chem. ..
American Tobacco
American Zinc
Invincible Oil . . . .
International Harvester
General Asphalt . . . .
3:
29
31
144
r.6
39
.",
M
K!
115
7-8
1-2
S- i
3-!
1-2
1-2
7- s
3-!
Harding's Association WlH'Nins. Powers '..Adopt
Not Seek to Undermine
VV(- VP-- - - J-lz-lkJI
Rcso-
- : : ! 1. Jr
Live Stock ! pn-p---
I ciated Press) Prcsid-.-u Hard ma s
lations Providing:; Relin
ouishment in Timi.
sso-su
gestion lor a continums? conference of
Cop.rriKbt.1021.bv News Publishing Co. j ""Ytl "M"- a. iHmisu miuu
Union, Stock Yards. Chicago, Nov. officials to become the uuojert of for-
, One of the vear's largest run of ; nial discussion before - the !r-re?nt con-
arrived at the local yards to ?.y i feronc ends.
livestock shov,-j it vas indicated in nfneial quarters
(juxe..- .uit-u-, , ,,.. that etl hm.-vn tl-... Pviwlduiit liar!
I no intention of complicating the Far
! Eastern and armaments negotiations
hog?
and values broke.- The
again drew some of th
tion.a'wya from the market and values
were also lower in the cattle pens ofte.
a slow start. The run of strictly
prime yearlings is about all in for the
pisent season.
Receipts of livestock at the local
yards todav were estimated at 17.000
battle, 56.010 hogs. li.OOO sheep and
lambs and 3.000 -calves.-
CATTLE; Sellers exoected a steady
tsade for cattle today but they had to
cut values after a weak start. Most
of the deals were down 15 to 25 cents.
Some l73-pound steers sold at $9 but
few strictly prime light animals weai
on hand. Cows and heifers also were
off 15 to 25 cents. Canners sold fit
$2.50 to $2.75 for the best on a steady
market while bologna bulls were strong
with best animals uo to 53.75 to $4.
Veal calves sold at 79 to $9,50 f or I be
1-2
90
31
9S
0 -
55
123
31
46
. 6 0
2:i
33
26
24
88
65
7
12
135
10
31
1 7
32
100
38
56
54
25
112
114
25
15
24
19
74
13
100
SI
51
34
25
1 4
74
50
45
U.
s.
s.
u. s.
Utah
S2
20
111
76
10
45
2 r
59
10
131
11
53
38
50
82
5!)
57
5S
39
90
37
48
o
39
124
30
131
11
13
75
64
1-2
1-1
7-S
1-8
1 -2
1-2
1-1
1-2
7-fc
t- i
1-2
1-S
i-4
7-b
1-2
1-2
1-2
3-8
:t-4
1-S
3-i
U - t
1-4
3-8
7-8
7-8
t
l-H
5-S
"-S
1-2
3-8
1-4
1-S
1-2
1-2
S-S
7-8
1-S
3-1
3-S
! -2
5-8
1-S
1-2
1-2
3-4
3-1
3-4
7-8
1-2
3-4
1-2
7-S
1-2
7-S
1-S
I
by bringing the subject before th-j
conference at present, he fully expect
ed that, after these questions are out
of the way, there will bs u serious ef
fort for nn agreement fo
iiar meetings.
on
V.'nrhir.gton. Nov. 29. (By th Asso
ciated Pi-fss) The nine powers;' coaL'v-ence-
on Pacific and Far 12a stern ques
tions today adopttd resolutions provirl
ing for re.inuiblunent of foreign extra
lal rights in China.
resolution provided for with-
cf foreign courts in China.
fcn international commission,
is to make a study of Chines
laws and court practice, find that thfc
Chinese judicial system is adequate!
without raintc-nan-oe e-f the foreign
courts.
After adopting a resolution dealin
territor
The
draval
should
which
! Bond Market
j
By STUART P. WEST.
StalT Correspondent of The Xevrs.
Copyright, 1021, by News PabUsblnat Co
New York. Nov. 29. the rise or
Liberty issues to new high levels to
day marked the most noteworthy inci
dents in the bond market. 1 he sec
ond and fourth 4 l-4s made the most
substantial advances. In other quar
ters the market lost to some extent
the enthusiastic buying which has
occurred recently. Railway bonds con
tinued active and firm with a number
gelling into new nign ground, foreign
governments and industrials nem rainy
steady.
There was special strength in Soutn
American bonds. The Republic ot
Chile Ss of 1S26 at 100 1-4. the Ss of
1941 and 1946 each at 103 1-2 all
reached fresh tops for the year. Brazil
s equalled their best previous price
at 105. Norwav Ss at 110 1-2 aiu
City of Zurich at 108 1-2 also reached
the best figures for 1921.
Among the rail's which struck their
highest level were Illinois Central
refunding 4s, getting up a point, St.
Louis. Iron Mountain & Gulf 4s. Toledo
St. Louis & Western 4s. up haf point;
Pennsylvania general 4 l-2s, Southern
Railway Is and Louisville & Nashvilie
4s. New Haven bonds were active.
The convertible 3 l-2s gained a point
while the convertible 6s lost an equal
amount. New York Central 4 l-2s
were up nearly a point.
United States Steel 5s got into -new
high ground at 99 5-S. Other indus
trial bonds to make fresh tops were
International Marine 6s. Chile Copper
7s. Virginia Carolina Chemical 7 l-2s
and Kelly Springfield 8s. Other tire
issues were firm. The New Yor't
Edison first and refunding 6 l-2s on a
when-issued basis were actively dealt
in but changed little.
An issue of $750,000 Pennsylvania
Service Corporation ten -year first an l
refunding 6 per cent bonds series A
will be offered shortly by a syndicate
headed by Harris. Forbes & Company.
The price has not been fixed as yet.
The New Jersey State House Commis
sion has awarded $2,000,000 5 per ce. t
1!)
year average
soldiers' bonus
bonds to a syndicate here at 108.19.
The syndicate which was awarded the
$110,111,000 City of Detroit 5 1-3 per
ct-.nt bonds is not offering this issue
to the public. Miller & Company are
offering a block of Baltimore & Ohio,
Toledo and Cincinnati division, first
and refunding 4 per cent bonds due
1950 at a price to yield about 6.50 di
ce nt.
choice lots. This end of the trade ;
was fully steady,
HOGS; Hogs were weak from the
start. Prices were down a dime but
demand was in fair shape early tr.
the day. The trade was dull later in
the session. Choice light hogs sold at
$7 to $7.15 while the best light butcher-!
were placed at $6.90 to $7.10.
Rough packing hoes sold flown to $ti
while the best went at $6-50 to $8.75
i.howlng little change from the pie
vi us price.
SHEEP: Lambs were In demand At
steady to strong values. Best fed
lambs went to city butchers at $10.25
while shippers and packers paid $3.75
to $10.15 for choice lots. Aged mut
tons also were strong. One lot of
strictly fancy ewes sold at $5.15,
SAVANNAH TV AVAL STORES.
Savannah. Ga., Nov. 29. Turpentine
firm, 74; sales 475: receipts 615; ship
ments 361; stock 10,713.
Rosin firm; sales 70..; receipts 2,722;
shipments 4,336; stock 70.661.
Quote: B D E F G 4.25; H I 4.30;
K 4.75; M 5.10; N 5.40; WG 5.50 to 73;
WW 6.00.
CHICAGO POTATOES.
Chicago, Nov. 29. Potatoes steady.
Northern white sacked. 1.50 to 1.
cwt.; do, bulk 1.55 to 1.70.
Idaho Russets 2.20 cwt.
Idaho Rurals 1.90 to 2.0 cwt.
Minnesota Red Rivers 1.-30
cwt.
65
to 1.50
i - . i . . .. : . . i . . : 1. , r. 1 .
Uture Sim-: wuu fAiia-n-miuiian iiKuisi, me ue-tt?-
J gates, in executive committee session.
As a result of forfdn comment on ! continued discussion Of Chinese re-
the President's suggestion, it was also i quests for withdrawals of foreign
declared -by an Administration spokes-! troops. The delegates of various pow
man that there was no intention that. I rs were understood to have agreed ln-
any "association Of nations" resulting ! formally in principle to the
from these conferences should hmm ! but further' discussion
in any way a rival of the League 6f 'another meeting.-
Nations, j The Japanese delegates were under
The President's position was said to "tood to have- told the committer
that th new ia-M!lt1n,y oh..M they would submit reasons for thft
attitude of "an under-:
' for the League.
withdrawal.
went over until
CHICAGO LIVESTOCK.
Chicago. Nov. 29.
CATTLE: Receipts 17.000; beef 'steer
and fat she stock dull: first sales 15
to 25 cents lower; choice 1703-pound
steers 9.00; bulk beef steers 6.0 (tto
8.75; butcher cows and heifers mostly
3.50 to 5.35; canners and cutters 2.75
to 3.35; bulls dull; bulk bolognas
3.60 to 3.85; light calves steady; top
9.50: fat calves dull, talking steady.
HOGS: Receipts 56.000; fairly ac
tive, mostly 10 cents lower than yes
terday's average; top 7.10 paid for 150
to 160 . pound averages; 180-pound
weights 7.05; bulk 6.75 to 7.00: pigs
10 to 15 cents lower; bulk desirables
7.00 to 7.10.
SHEEP: Receipts 14,000; active,
steady to strong; choice few western
lambs to city butchers 10.25; bulk fat
lambs 9.50 to 10.10; cnolce handy ewes.
5.15: bulk natives 3.50 to 4.25; good
fat lambs 8.35 to 8.50.
' tlicttr ttrAiilH cjuVi-rvsit" frr'
not have the attitude of "an under-1 presence si Japanese troops in Lnma,
mining agency" for the League including why they were sent ther
Discussion of the p'an for future !and wnv th' nave remained. The Jap
conferences brought again to the frot ! anes?' however, were said to hav
todav n suggestion that t-he whole sub-- acknowledged that the presence of far
ject of world finance, particularly as it ign tPs in principle, was in viola
relates to war debts and rehabilitation, l!p" of China' rights,
would be one of the subjects to be Tnf Chinese spokesmen, it was
discussed At future, meetings. It has stated, reviewed at length the present
be?n indicated that the Administration itut' ln th( maintenance of foreign
does not desire 1o have the question troops on Chinese soil and detailed
introduced into tbo resr.t nniii 'l '-guments in support of the wlthdraw-
a iknrHwk at request, itepresentanves or otner-
tions. but might favor a thorough dis
cussion of it later.
So fat no foreign nation has sug
gested that the finance question be
Drought before the conference now in
session, or has formally
request
powers took part in the
a lesser extent than the
Chinese.
Admiral Baron Kato,
discussion, to
Japanese and
head
of the
approached I ,p5neB'; delation, was one of tha
the American Government with regard l , lo eave WBn, committee ses
to a discussion of that character at "JP". nrokp "p' He remained on th
some future conference. There has ! trtlcc f th Pan-American building
been considerable sentiment among wr? th f,M,lon hld' for several
American officials for the proposal of '"unites other delegates cam
a conference discussion, of the sub- tley Tere see" t0- "lk er an
Ject in the future and the indications hake hnd the JPanest
today were that these suggestions had ! Mfcn head. Whether this wa
been received favorably by President i '""nt could not be learned
Hardin vaiWen senator Schanzer and Rene Viviani,
Finaf'decialon. it was said, might ! he?.ds of the Italian and French dele-
rest in some degree upon the result of I WL1U"S-. respeciive: , i ine "'
Tee session rogetner, taming earnestly
but apparently in a most friendly man-
some degree upon the result of
Ihe present meeting. Should the arm
ament and Far Eastern negotiations be
successful, it is considered entirely
possible that the next big international
conference would relate to financial
questions.
ner.
FIVE ASSEMBLIES TO
BE PRESENT AT MEET
Grain Market 1
Copyright, 1921, by Xewi Publirthlng Co.
Chicago, Nov. 29. It was one of those
markets today in wheat where every min
ute you expect something to start but
your expectations are never realized. Sen
timent before the opening was bullish In
spired by higher cables and report of dam
age to Australian. However buying pow
er failed to develop and prices slipped
gradually lower under moderate commis
sion house pressuree. Some of the selling
was supposedly against purchases in some
other market. Later in the session news
became more bearish. Seaboard reported j
re-sales of hard wmtere wheat abroau at
S cents under cost and Gulf said that
all of the distressed wheat there had not
been cleaned up. Minneapolis wired that
Canadian wheat wa soffered in that mar
ket at 20 cents over December duty paid
and mills were bidding 19 cents premium.
Argentine wheat is now offered at equal
to $1.27 3-4 c. i. f. Europe against $1.31
to $1.31 1-2 for Gulf wheat. Sales of 100,
000 bushels of wheat were made to go to
store. Cash wheat premiums were un
changed. Milling demand for wheat was
slow. Minneapolis reported increased sell
ing by farmers of storage tickets.
Corn was heavy in tone. The feature
was the liquidation- in December of im
portant amounts. Southwest houses sold
May. There was some buying of December
by export interests. Domestic shipping de
mand was broader. Exporters asked for
offers but their bids were out of line. Re
ceipts were heavy. Sales of 5,000 bushels
were made to go to store.
In oats the feature was the December
liquidation. Market had a heavy tone.
Elevator interests were good buyers of
May and the deferred month held fairly
steady. Cash premiums were easier. Ship
ping demand was broader. Sales of 115,
000 bushels were made to go to store.
Provisions were without feature. Lard
wa seasier but ribs were a bit firmer.
FOUR ARE INJURED
IN AUTO COLLISION
' Every husband is a "model" at first.
Rut the model that is good today is a
"has been" tomorrow. - -- - - -
Chicago. Nov. 29. Wheat showed a
downward tendency, in price today
luring the early trading. Opening
Quotations, which varied from S-S cent
decline to a like advance, were follow
ed bv a moderate setback.
Predictions that the advent of colder
v. eat her wuold mean increased re
ceipts had a bearish influence on the
corn market. After opening unchanged
to 5-S cent lower, values displayed little
power to rally.
Oats paralleled the action of corn.
starting unchanged to 1-4 to 3-8 cent
It v6r and later sagged.
Provisions .were steady
Wheat closed unsettled,
cents net lower.
Corn closed weak. 1 1-8 to 1
but dull.
2 1-4 to
3
1-4
to
1 7-8 to 2 cents net lower.
CHICAGO CASH GIIAW.
Chicago, Nov. 29. Wheat, no sales
rpfaorted.
Corn. No. 2 mixed 4S 1-2 to
No. 2 yellow 48 1-2 to '49 1-2.
Oats, No. 2 white 35 to 35
white 32 1-t to 34 1-4.
Rye, No. 2, 86.
Barlev 51 to 60.
49 1-1
; No.
Richmond, Va., Nov. 29. Flv Pres
byterian assemblies ln th United
States will be represented by commit
tees at a Joint conference to be held
here tomorrow and Thursday to con
sider whether a scheme of federation
can be worked out in which each
church will not surrender its separate
autonomy and ecclesiastical control,
but ln which there will be united ef
fort, especially in mission and educa
tional work.
The committees also will consider a
suggestion for defining the boundaries
of each body, to avoid duplication of
effort and overlapping of churches con
nected with different assemblies.
Various plans for the union of the
Presbyterian churches having been re
jected, the meeting here will be ex
ecutive and purely preliminary, with a
view here will be executive and purely
preliminary, with a view of planning
a larger and more representative meet
ing of delegates from all the asemblies
to meet in 1924 and form a federation
of American Presbyterian general assemblies.
Augusta, Ga. , Nov. 29. A collision tf
two closed cars in the residential sec
tion of the city this morning resulted
in a sedan, driven by Benjamin E.
Pierce, being turned over and four of
its occupants injured.
E. B. Hook, city assessor, suffered a
broken collar bone as a result of the ac
cident while "Wallace B and Benjamin
E. Pirece, attorneys, and D. F. Kirk
land, general manager of the Georgia
and Florida Railroad, weije painfully
injured. II. AI. Carrere. driver of thu
other car, escaped without injuries.
BUSINESS BLOCK OF
FITZGERALD BURNS
Fitzgerald, Ga., Nov. 29. One-half of
the one hundred block in the main bus
iness section of Fitzgerald was prac
tically wiped out by fire early this
morning, entailing a loss of about $300,
000, with small insurance.
At 8:30 firemen were still fighting the
flames, but had them well under con
trol. In response to calls for assistance,
companies had arrived from Douglas,
Ocilla, Tifton and Cordele. For several
hours both telephone and telegraph
communication was destroyed. The
telegraph communication has been re
stored, but the telephones are still out
of commission.
The fire broke out in a building occu
pied by H. A. Burkhart as a garage and
automobile salesroom and spread rapid
ly. Thirteen new automobiles were de
stroyed in the building. The second
building to go was that adjoining and
used also by Mr. Burkhart in connec
tion with his automobile business.
The building occupied by the Johnson
Hardware Company was the third to
go. This was used as a storage ware
house. The fourth building to be con
sumed was that owned by Mrs. H. K.
Sligh. The lower floor was used as a
garage and for the storage of automo
biles Avhile the upper floor was an
apartment house and well tenanted.
Many of the tenants were forced to flee
to safety in their night clothes.
Timothyseed 5.00 to 6.
Cloverseed 12.50 to
Pork nominal.
Lard S.70.
Ribs 7.00 to 7.75.
15.
18.50.
CHICAGO GUALN AND PROVISIONS.
Chicago, Nov. 29.
Open High Low Clost
WHEAT
Dec 1.14 U 1.14?; J.11 1.11
Mav 1.1.7 1.18l4 1.15 1.15
CORN
Dec 48 48 47 47
Mav Sl-s 54Ts 53' 53 V4
OATS
Dec 32 33 32 32
Mav 38 38 38 38 4
PORK
Jan. lo.lO
LARD ,n
.7an , 8.50- S.52 8.50 8.50
Mav 8.S7 8.90 S.S7 S.'JO
RIBS
Jan 7.30 7.37 7.30 7.32
Maq 7.77 7,i7 .. i.iO 7. 0
LOUIS GRAIN.
Nov. 29. Wheat,
No.
ST
St T.onis.
red 1.22; No. 4, 1.04; December t.us i
May '1.13 3-4. ,
Corn, No. 1 white 49 to 49 1
December 46 5-8; May 52 to 52 1-8.
Oats No. 3 white 35 to 35 1
December 35 1-2; May 3S 3-4.
DEATHS FUNERALS
RIGHT REV. PETER ANGEL.
Collegevilie", Minn.. Nov. 29. Right
Rev. Peter Engel, of St. Johns Univer
sity here and abbott of St. Johns Ab
bey, of Collegevilie, died last night at
Rochester, Minn., where he had under
gone two operations. He was one of the
most prominent Benedictine prelates in
the United States.
DEFAULTING BROKER
WRITES TO GOVERNOR
Atlanta. Nov. 29. Governor T. W.
Hardwick today was in receipt of, a let
ter signed 'R. N. Berrien. Jr.." which
purports to admit a shortage of $43 811
on State school warrants, which the
missing broker was engaged in under
writing on a contract with the State.
Berrien is being sought on a warrant
charging embezzlement, issued by di
rection of the Governor.
The writer informed the Governor he
had formed a good connection in a
large city and, if allowed to continue
unmolested, he soon would be able to
pay what he owed the State. The al
leged shortage, as given in the letter,
tallied with the latest reports of the
auditors, it was stated. -
It was stated there would be no move
bv the State authorities to discontinue
the s?arch for the banker, who disap
peared last week w hen his alleged short
age became known. ,
COTTONSEED OIL.
New York, Nov. 29. Cottonseed oil
closed steady. Prime summer yellow
7.50 to 8.25; prime crude 7.00 asked;
December 7.96; January 8.35; February
S 42; March 8.66; April 8,70; May 8.86;
June 8.95; July 9.05.
Total sales. 10,900.
NOTICE! OF DISSOLUTION.
Charlotte, N. C. Nov. 28. 1921.
To the Stockholders of the Textile
Publishing Company:
You are hereby notified to be present
at a stockholders' meeting of the Tex
tile Publishing. Company, to be held ftt
12 M. on the 80h dav of December,
1921. in the City of Charlotte. N. C.
at the office of the News Publishing
Company. This notice is for the pur
pose of dissolving the corporation, and
is called under and by virtue of the
following resolution of the director a
passed on the 21th day of November.
1921:
"Whereas in the judgment of th
Eoard of Directors of the Textile Pub
lishing Company, it is deemed advis
able and for the benefit of the Cor
poration that it be dissolved; it. ie
hereby resolved that within ten dajs
from the date of this resolution, a
copy of this resolution he mailed tc
each stockholder residing in the United
States, to his last named postofflce ad
dress. It is further resolved thM
w'thin ten days from the date of this
resolution, that' a copy of same be
published in The Charlotte News, a
newspaper published in the county
wherein the Textile Publishing Com
pany had its principal office, at least
onc a week for four successive weeKs
next preceding the time appointed for
the same of a meettng of the stock
holders to be held at the office of th
News Publishing Company, same beinfl
the office of the ce-.-poration, to tak
action on the resolution."
This the 28th dav of November. 1921.
TEXTILE PUBLISHING COMPANY.
By W. C. Dowd, Jr., Secretary.
17-29-4t-oaw
TRUSTEE'S SALE OF REAL ESTATE
By virtue of the authority contained
in a deed of. trust, dated November 21.
1S19, by Elizabeth E. Bayne and hus
band. J. C. Bayne, to the undersigned
Trustee, recorded in the office of th
Register ..of . Deeds for Mecklenburg
County, in book 415. page 332, to
secure the note! or bond therein de
scribed, and for default in the payment
of the same, the undersigned trustee
will, on the 2nd day of January, 1922.
at the courthouse door of Mecklenburg
county, in the City of Charlotte, at 12
o clock M. ofTer for sale, to the highest
bidder, at public auction, for cash,
those two certain tracts or parcels
of land lying and being in Steel Creek
Township, and bounded and describee!
a? follows:
First Tract Adjoining the Torrence,
formerly Ferris lands, Flow McKee
lend, beginning at a rock on the Stat
l'ne. between the states of North ami
South Carolina, and runs thence wit'r
the Ferris, now Torrence lands. N. St
W. 39 chains to a hickory, McKee't
corner; thence with his line, S. 75 B
15.55 chains to a stake; thence S. 15
3-4 E. 26.60 chains to a rock on thd
State line, a corner of now or for
merly the Campbell lands; thence with
the State line, 20 1-4 chains to lh
beginning; containing 43 1-2 acres.
And being the same devised to Eliz
abeth E. Bayne under will of the. late
Jane Kizer. probated in Book R, page
452, of Mecklenburg county.
Second Tract Adjoining the flr3t
tract above mentioned, L. Kizer and
olhers, beginning at a rock on the
State line, and runs with said lire,
N 52 E. 6.50 to a rock; thence N.
45 3-4 W. 26 to a stake In Hoover's
line; thence with his line, 80 W 5
to a W. "D.. his corner; thence S. 25 W
2.60 to a hickory; thence S. 45 3-4 15.
26.60 to the beginning; containing 16
I- 2 acres, more or Vess, known as part
o' the Campbell lands.
Eeing the same devised to Elizabeth
E. Bayne by Labon Kizer, under villi
probated in Mecklenburg County, in
Book R, page 502, as the Heme
Place.
Such sale will remain open for a
period of ten days for an increased
bid, In Accordance with the terms of
the Statute in such cases made and
provided. VI.
This the 29th day of November. 1921.
' W. S.' ALEXANDER,
II- 2S-5t-oaw Trustee.
HARRY LUMSDEN HODGES
Richmond, Va., Nov. 29. Harry
Lumsden Hodges, 41. native of Norfolk,
former commandant of the Virginia
Military Institute, who served as a col
onel in the World War, who died here
yesterday of multiple neuritis was
buried- today-witb -mili liryhonors. -'"-
i
ASK US
or investment ffgffiMI tna-t Ton have,
than glad to -ftdvlse and help you in
You'll
every
And
way
About any business
that we are more
possible.
We feel that this is one of the ways that we can be of real service
to our customers and to our community.
It pays, too, for the growth and success of this institution is largely
due and largely depends upon the success of our customers.
4 INTEREST ON SAVINGS ACCOUNTS
Charlotte Bank and Trust Company
214 East Trade Street.
M. A. Turner, Pres. W. R. Foreman. V. Pres. J. H. Leech, Cashier