THE CHARLOTTE NEWS, CHARLOTTE, N. C, FRIDAY AFTERNOON, DECEMBER 2, 1921.
19
jjVESTOCK-
corroN
TRAIN
ARKET QUOTATIONS; FINANCIAL NEW
THE MOST COMPLETTST MABS3ST AGS .TV.
uuixt&u BX STCAJBT P WE3T-Fa If
Editor- of TSm New Yom &ofea
V" w-CURB
BONDS
-STOCKS
flflCK EXCHANGE
jlARKETFEATURE
padlock of the Last Three
Weeks Broken With Vio
lent ttisc in Steel.
ropy 1
II II '
I a1
r
,11 AKT I WEST.
., rr"lonlotit of The Notch.
li'i.h.v Ntc Publishing; Co
1 'or. 2. The' center of
; ,1 bark today to t he
'J' he deadlock which
. ; j7 :( weeks was suJdenly
, ",t ihe opening of business
. ..ing started in the itiJc
stocks and kept on until
wire up from " to u
, ii.iiuto confirmation was
.- u reports which were
'-Viiiav and this nioi r.ing of
; , iicliirte Uepubib- Iron
M;.vale and Lackawanna
',,: little doubt was en
,i Hi,-. negotiations look
er these and o.ie or
nonucnt stool oonoerns
.-. i'.Ii s'ji'ccss. The (tios
i'.itiw Wall Street to
: ',, , is at which these va
. . winil i he taken into
,: in the Stool stocks
; ., the speculative com.
phi ins a very liberal
tin probable merger
i i hoy were taking a
boik of experience of
s r.U" 'vl'v'ic the l'n!:i-l
i vpiuat ion was foi .iiol.
, . soon tew periods of
, . m i-nlat ion than th:u
the a nnouncenienl of
this ld time metier.
- i corporation's constilu-
k'm in at greatly inflated
,' : a: it required a deoade
.. j the water out of
ici.i'l stocks is not th-j
,: ... l,ati' interest so much
.i vise which went before.
.."-.nulii Siien by the Uj.-
- the rest of the indus
m life again. One
I'.in various groups wore
snipping stocks, the
coppers, the rubber find
t
I Features I
J
By STUART P. WEST.
Staff Correspondent of The Neve.
Aewi, Publishing
Copyright, 1821, by
Co.
STEEL MEBOER STOCKS.
1 he remarkable thing about the
sn-aden buying movement in the inde
pendent steel shares was that it should
have been postponed 24 hours after
the news of the merger negotiations
r.au come out. This news really broke
yesterday morning but yesterday's mar
ket scarcely paid any attnetion to it
at all. The supposition was that the
deal was not actually closed until after
the close last night and that the terms
on which the different stocks were to
be taken in wore not known to the
chosen few in time to be acted upon
until this morning. The secret as to
the prices at which Republic Steel,
Midvale and Lackawanna are to ga
into the combination was well guarded
during the day. The street remem
bered, however, the wild speculation
which preceded the formation of the
United States Steel Corporation in
1901 in the stocks of the constituent
concerns and took its cue from this
precedent. Lackawanna Steel did not
even temporarily stop going from Its
opening of 43 3 -2 until it reached 47.
The rise in Republic was equally
abiupt. As for Midvale it was ex
tremely hard to buy for a stockwhieh
ordinarily is in good supply. There
were very heavy buying: orders for
execution but they WtMO put at limits
but were only partially filled. One
house, for example, was able to get
only 7 00 shares on an order of 2.000.
There was no question either in Miu
vale or the others about there being
a very real accumulation, evidently on
advance knowledge of the figures at
which these stocks would be taken into
the merger.
COTTON MARKET
IS UNSETTLED
Market Opened at Decline
and Sold Lower on Weak
Cables.
.'.at
ll'VCt
t ic tobaccos. na
f really demonstrate
, . (. ; utn ertum nuctuntiotis
; . ::'iulu or more have not
.j' . ;o;n of weakness, as
. v, :ine assumed, but that
..viv ; was simply holding- Itself
',,;';,!,.- m respond to any fresh
,.'--. t'vnn th outside.
, xtra"vil.na,.,y demonstration in
v-f'S'i exehances yesterday was
a badly . over-extended
was brought not by
today. There was a
;'rund relapse uncho-
',';!!;. francs and marks each
li." i heir sain of the daj
T,.:s .ii I not indicate any
as to the possibility
.;:,:. in moratorium for cash
vnvr.'.ents but merely showed
'aidyr.uer.t as to the repara
p.,'.k. w'r.-.-ther pessimistic
... s i.eina: very much ex
.,1 :,v i.;e tremoncioas specul.i-
: l-r way. '
:i , in the railway shares
:)n to a halt midway
,i fternoon by a rather
; reni t -i whtcn came into me
. This r;icht have been taken
, ':o :vp i:'. th.it speculators who h;i .1
fr...:ri the ;i Ivam-e of last w-ek.
...o rui'w.iv lis; were snifting the.T.
, in-kw.a;.- v!t'(C!i had not ha!
;-.. iit .ipw.tr I move. But"along
, tills t:,o lii.irktt for the railway
.its was undoubtedly getitng ready
the new bond notations which
-.ad? are to put out in lien of
':!:: VI W
MORE MEllGER TIISCCS! IO.
i ne independent steel merger now
bting planned is oniy the first of this
kind, according to one man. apt to be
wen-inrormed. today. According to
this authority the independents will
be merged into two groups and that
then these two groups will be com
bined in one big company prepared to
meet the United States Steel Cor
poration in any price cutting war iha.t.
might develop. The hrst of these two
groups according to the same source
11 comprise Lackawanna Steel.
cungstown Sheet aim Tube, Steel and
ube Company of America, Brier Hill.
nland Steel and Republic. The second
roup will be made up of Republic,
Midvale ana Bethlehem. J he only thini
ibout the two mergers is that it ha&
net been decided into which group
Republic will be placed.
By STUART P. WEST
Staff Correspondent of The Xevrn.
Copyright, 102.1. hv iew Publishing Co.
New York, Dec. 2. The cotton mar
ket showed continued nervousness to
day, it "is not generally anticipated
that Southern spot holders will turn
loose any large or overwhelming am
ount of cotton on declines. .They
appear willing, however, to sell scat
tered small lots from day to day hi
sumcient volume to supply the imme
diate demand and the continued dull
ness of trade leads many to antici
pate sagging markets until there is
some improvement in that respect.
The opening this morning was barely
steady at a decline of 20 to 27 points
and active months sold 19 to 29 points
not lower during the early trading be
cause of weak Liverpool cables con
tinued complaints of poor trade in
Manchester and reports of a continued
slow demand in the domestic goods
markets. This decline carried prices
off into new low ground for the move
ment with January soiling at 16.92
compared with 18.30. the high price
touched just before Thanksgiving, and
16.08. the low level of earlier last
month. There was some trade buying
on a scale down and ofterinsrs became
lighter during the middle of the morn
ing when prices stiffened up several
points on covering for over the weekend.
Reports that the strike of dock
workers at New Orleans had been
settled suggested that the next few
days might see clearances and prob
ably had a favorable effect on senti
ment. Th,ere were also reports of a
slightly better spot demand demand !in
the South but without any change in
the basis.
f v Wall Street 1
1:1
losses
again
New York, Dec. 2. Gains and
shares ot tue same description
reneeteci divergence 01 speculative sen-'
timent at the opening of today's stock
market. General Electric was the lead
ing feature, soon rising three points
and Standard, Oil of New Jersev con
tinued its upward course at a gain
of 2 1-4. Mercantile Marine preferred
and American International also were
sticng and Sears-Roebuck common
and preferred rallied moderately on
the retention of the preferred divi
dend. Ra'ls displayed further irregu
larity within a narrow range. Ameri
can Sugar. American Car and Royal
Dutch were under pressure. Leading
foreign exchanges reacted from yester
day's highest levels, sterling, and
irancs maKing snarp reversals.
Standard Oil of New Jersey reacted
five points at midday, presumably on
realizing sales and rails showed further
neglected. In most other quarters, how
ever, particularly among steels, equip
ments, voppers. foreign oils, shippings,
rubbers and tobaccos, gains of the
morning were extended.
She closing was irrgeular. Liberty
issues and tne general bond list were
steady. Sales approximated 800,000
shares.
PUBLISHES 4.000
CHILDREN STORIES
NEW
STOCK.
Sale.
LIST.
YORK
Las
Allis-Chalmers .
American Beet Sugai . . . .
Can .. . ,
Car & Foundry
Hide & Leather pfd
International Corp..
Locomotive
Smelting & Ilet. . .
Sugar .
Sumatra
T. & T.
Tobacco
Woolen
Copper
American
American
American
American
American
American
American
Air erican
American
American
American
Anaconda
Atchison
All., Gulf
32
14:)
97
43
3-4
3-4
1-2
7-8
Tobacco
Sec.
CHARLOTTE COTTON.
Receipts today, 8 bales at ...
.1712C
w
1 '. w
a
:-:i I'a-i
raihva
"arly i
''"'Til
; Si !V
riY
they have failed to
fr.'in tn railway funding bill.
..: 'nnrnied officially the story
"" Union Pacific bond issu
nmenlv credited and it was
whjch led the downward
-.e railway section. Wh'le
y siiares were slipping off
Klustrial leaders came down
mure fro mtheir top. trading
ic becoming much less
hv .:Hie was a ready demand-
.-teds tlif oils and the other
.t..tiv.. industrials as they came
id ;: the last, half hour the.'e
....i'TAre renewal of buying.
uiHtive element was not sat-
i'ii the reported steel merger,
da 1 the report of a "coal
anrl this was thf mntivft hn'lt
h'tying in Pittsburgh Coal and
.mi companies stocKs.
CHICAGO POULTRY.
''ii igo, rioc. 2. Poultry, alive un-
:;i?d: fowls it to 22; springs 21;
i.'.K' VS r"0ters 13.
COTTON
What is the next MOVE
rp you Interested in
COTTON?
for pprial information
and our weekly market let-
It No. ;;i i,y
fMNOOI.PII HOSE, JR.
! ior the aukine
Cotton toeks Craln
ROSE & SON
U"'t prlvaje Ttre4 to Southern
4 STOK ST. NEW YORK
W'r rn n In Charlotte. N. C.
BROOME & BURKETT
-I1" 2 V. Trade St.
EVERYTHING
In High Quality
Building Materials
fTo be safe, be con
Hj servative. If you val
J. ue your future peace
a mind you can't be too
. onservative in building
luildins your home. Buy
Jur materials with care,
v them personally, if
Possible, and above all,
ou what you will be
!)rfud of in the future.
Luer Company
p?uth Boulevard
ones 3472-3473
TIRE SHARES STRONG.
Like the indepnedent steels the i ise
n tne tire stocks seemed like a belated
nove. it might have been expected
esterday when word came of the
lump in crude rubber to -0 t- cents.
Nearly all of these companies have,
marker their inventory during the
it nip down to prices well below this
0-oent level, so thti they are now
n a position where hey assets art-
higher considerably than they are oe-
ng carried at on the books. Th-.
buying really started in CJoodrich and.
pread to Kelly-Springfield. u nice J
tates Rubber and Lee in turn. Earlier
n tne week tne statement was prune i
hat Goodrich had btri; able to out its
iventories from $72,000,000. to SdS.O'n.-
000 during the first nine months ct
he year and that its entire bank in
debtedness was in a tair way to be
extinguished by the close of 1921. A
heavy short interest had a bad tim
of it in United States Rubber. Lee
Tire was responding to the hint that,
witli business improving and the com
pany tree trom debt, an increase in
dividend was likeiy some turn: nsxt
year.
NEW YORK COTTON.
New York, Dec. 2. The cotton mar
ket showed further declines during
todays early trading. January selling
otr to lb. 90, or into new low ground
for the movement. The general market
opened barely steady at a decline of
to 2 points and soon showed net
losses of 20 to 29 points under liquida
tion and Southern selling promoted by
tower .Liverpool cables, reports ot a
continued poor trade in Manchester
and unfavorable reports from the do
mestic goods markets. There was some
trade. Wall Street and Japanese buyim
on the decline, but no aggressive sup
ports Nine December notices were re-
portd in circulation and the near month
was relatively easy at the start under
further scattered liquidation.
The' moderate near month liquida
tion was well taken on the earlv de
cline and the market turned steadier on
covering and reports of a slightly hit
ler spot demand in the South. Janu
ary sold up to 17.20 and active months
generally working six or seven points
net higher before noon. Trading was
quiet after the first half hour, out
rioes held steady around midday.
Frices firmed up during the early
afternoon on reports of large spinners
takings for the week. January oM
up to 17.30. or 16 points net higho
hi; later lost six or seven points of ihe
auvarce Under realising.
CLOSE NEW YORK FL'TCHES.
ctfs
Xew
itesdy.
Dec. .
Ian.
March
May . .
July .
York, Dee. 2. Cotton closed
Open
16.95
17.01
17.02
16.80
16.34
High
17.37
17.30
17. 2S
17.05
16.56
Low
16.95
16.91
16.89
16.70
16.25
Close
17.
17.12
17.10
16.S5
16.40
MERCANTILE MARINE.
In addition to the report., that
I resident Harding intends urging Con
gress to create a snip suosiuy roi
cmopanies operating under the Ameri-
an nag and that this will benetit tne
I Ue?national Mercantile Marine in great
measure, the report will not down that
Mercantile Marine has large sums cotvt-
inu. from the shipping board and that
i settlement is near. In some quarters
the sum represented as due from the
government is placed well in exces3
of $20,000,000. Those in close touch
with the affairs of the company look
upon these stones as merely rumftis
and take no stock in tnem whatever.
It can be said, however, that Marine
i3 earning well over its preferred divi
dend and that when exchange is once
more back to normal the company will
be in a position to transfer large
sums from London and dispose of some
of the 42 per cent in back dividends.
Bond Market 1
By STUART P. WEST,
mnff CnrresDnmlent of The Nevrii.
ronrriirlit l02l.hv New Piiblinhlnc Co
Xew York. Doc. 2. The bona maruet
tnrlnv was fairly steady and with com
narativelv few features. Liberty bonds.
which trained little if any yesterday
strengthened and prices of all issues ad
vanced substantially. Railway bonds were
-.nit.-. a-fiv hut the list generally was
nafrnu-pr than on Previous uaS IM13
week.
Thprp were heavy lealings in the new
Missouri. Kansas and Texas issues, espec
iailv in the investment fives on a when
Thev touched 43.. a frac
tional advance over yesterday's closing
level. Big Four 6s and 4 l-2s receded
slightlv, probably because of the public
offering today of $4,507,100 equipment
fi ner cent gold notes. New high prices
wtft made bv the Toledo, St. Louis and
Western 4s which got up two points to
60. Southern Pacific convertible 4s gained
imr,t a noint. O nthe other hand weak-
ni.ee rwmirrpd in Severa 1 leaders of the
rait" including such issues as the St.
Louis and San, Francisco income 6s, and
fv. r.altimore and Ohio Toledo division
4s. The Hudson and Manhattan refunding
r.s were strong.
in Hip industrial section American
Cmoiiin? F.S struck 88 1-4 for the first
un thi var. Similarly Adams Ex-
rrpt 4s at 43 3-4 and Duquesne Light
fic nn tn 101 1-4 reached new high prices
Western Electric 5s were at their best
when they advanced to 99 1-2. The sugar
irwie ur strons. Public Service of New
Jersev 5s went up a point.
French government bonds held near
tvioir IpvpIs of yesterday's close. The 8s
sold at 101. Swiss 8s made a new high
1 Danish municipal 8s series
lost a point. Otherwise the foreign
nvornmcnti! wprp generally unchanged
A representative of Kohn. Loeb and
Compnav. the company reported to be a
momhr the syndicate identified with
the new financing by the Union Pacific
Railroad stated today that his compnay
bad nothing to say regarding the report
that whatever financing u any, is arrang
ed for the Union Pacific undoubtedly
will come to the surface soon. The amount
of issue mentioned was something like
s 25.000.000. The sale of $1,750,000 Montre-
oi Tramwpvs Company first and refund
ing mortgage five per cent gold bonds
nriced at 83 1-2 and interest, yielding
ohmi tft 50 has been completed. This offer
ing was an experiment and it is possible
that further financing in the street rail
,.,av fifld will be attempted in the near
future. A block of Republic Iron and
Steel first 6 per cent bonds maturing in
1040 and priced at 90 3-4 to yield about
s R9i ner cent has been offered in the New
York market.
NEW ORLEANS COTTON.
New Orleans, Dec. 2. The continued
lot-line in the Liverpool market and
the- panic reported in German securi
ties markets acted unfavorably on the
price of cotton here today, the list
losing 11 to 17 points in the first half
hour of the session, January falling to
16.25.
The settlement of the dock strike
here commenced to have a favorable
effect on the market, but the big infill
ence or the morning was the very
large mill takings. Hester placing
takings of American cotton by the
world this week at 429,000 bales.
against 296,000 this week last year
and 486.000 this week two years ago.
fliese were the largest takings yet
reported this season by this authority
The market moved up to net advances
of 20 to 29 points by n6on, January
rising to 16.65.
Realizing by buyers ot the early ses
sion checked the upward movement and
caused small recessions although the
lo"" remained steady because of Texa
iages to the ertect tnat it had neon
discovered that cottonseed infected, by
the pink boll worm had been shipped
to forty-two of the black land cou;
ties of Texas. At 1:30 o'clock prices
were 10 to 13 points over the close
of yesterday.
CLOSE NEW ORLRANS FUTURES
New Orleans, Dec. 2. Cotton closed
4 points up to S down.
Open High Low
, 16.28
16.35
16.49
, VJG.25
15.93
ORLEANS!
& W. Indies
Baldwin Locomotive . .
Baltimore & Ohio .. ..
Bethlehem Steel "B" . .
Cc.nadian Pacific
Central Leather
Chandler Motors . .
Chesapeake & Ohio . .
Chicago. Mil. & St. Paul
Chicago. It. I. & Pac. . .
Chino Copper
Colorado Fuel & Iron . .
Ccrn Products
Crucible Steel
Cuba Cane Sugar
Erie
General Electric ..
General Motors
Goodrich Co
Great Northern pfd . .
Great Northern Ore
Illinois Central . . .
friKpiration Copper
ir,t. Her. Marine pfd . . .
nternational Paper
Kennecott Copper
Louisville & Nashville . .
Maxwell Motors
Mexican Petroleum
Miami Copper . . .". . . .
Middle States Oil
Mifivale Steel
Missouri Pacific
.tw i ork Central
X. Y.. N. H. & Hariforct .
-Norfolk & Western . . .
Northern Pacific
Pan American Petroleum .
ennsylvaiia
People's Gas
Pittsburgh & W. Va. . . .
Pay Consolidated Copper .
Reading
Rep. Iron & Steel
Royal Dutch, N. Y. . . .
hell Trans. & Trad. .. .
Sinclair Con. Oil
outhern Pacific .. .. .
Sotthern Railway
Standard Oil of J., pfd
rtudsbaker Corporation .
Tennessee Copper .
Texas Co
Texas & Pacific . .
Tobacco Products .... .
Transcontinental Oil
Union Pacific
U. S. Food Products . . .
Cnited Retail .Stores .. .
U. S. fnd. Alcohol
U. S. Rubber
IT. S. Steel
Utah, Copper . . ,
Westinghouse Electric . .
Willys Overland-
Pure Oil
Atlantic Coast Line .. .
Coca Cola
Gulf States Steel
Seaboard Air Line . . . .
Sloss, Shef. Steel & Iron .
Lnited Fruit
Virginia Caro. Chom. .. .
American Tobacco .. ..
American Zinc
Invincible Oil
International Harvester .
General Asphalt
115
80
46
90
30
95
37
56
118
31
46
57
26
8S
65
7'
1 1
139
10
33
99
38
60
5 -25
112
J1?
25
15
29
19
7 5
1 -,
98
SI
3
51
31
56
26
1 4
1-2
7-S
Live Stock
Copyright, 1021, by Newn PutolisfclnK Co.
Union Stock Yards. Chicago. Dec. 2.
Quality was lacking oh the cattle
alleys today and the few good steers
on hand found an early outlet. There
was some talk about a strike of meat
cutters at the packing plants but it
did not seem to hurt the trade today.
A strong tone was noted in all branch
es' of the trade after the start.
Receipts of livestock at the local
yards todav were estimated at 3.000
crttle, 32.000 hogs. 8.000 sheep and
lambs and 1,000 calves.
CATTLE: Few good steers were on
hand today but the general market
showed strength. Values for good
steers were up as much as 25 cents
in spots while even the plainer lots
sold well at fully steady levels. No
strictly prime steers were offered.
Bulk of steers sold at $6 to $6.25.
Cows and heifers had a strong market
while bulls were weak. Outsiders
paid $10 for small lots of calves while
packers paid $9 to $9.25 for good
vc-alers on a steady market.
HOGS: Demand for hogs was in j
fair shape from the start, with values i
quoted steady to strong. Choice ISO-1
pound averages went at $ witn tne
best light hogs up to $i to $7.10. Bulk
ot good stuff . sold at $6.80 to 6.90
while rough packing grades went at
6 to $6.25 with good lots at $6.d0 to
$6.(0. Highs sold well at unchanged
levels, the best going at $7 to $7.20.
SHEEP: All kinds of live muttons
found a good outlet at the week's
high points. Some prime fat lambs
were up 25 cents with tops at $10.75,
while many sold at $10.50. Aged mut
tons held steady. Yearlings reached
$8.85 while prime liht ewes sold at
$5.25 " "
3-8
1-8
1-8
1-2
1-2
3-4
1 - 1
1-4
1-2
3-4
1-2
5-8
7-8
7-3
1-1
1-i
1-2
1-4
5-S
1- !
1-2
3-4
l-t;
1-S
48
1 1 1ic , i
It VT; - 1 f
, 4fe 1
DEATHS FUNERALS
JOHN D. CLARK.
After an illness of some time, John
D. Clark, 61, died at his home, 611
North Davidson street Friday at noon.
Funeral arrangements had not been
made Friday afternoon.
Mr. Clark spent his entire life in
Charlotte. He was associated with the
Smith-Wadsworth Hardware Company,
having been connected with the hard
ware Dusiness since young - manhood.
He first went with J. H. Weddington
Hardware Company, which was later
acquired by the present concern.
He is survived by his wife and on'
son. John William Clark, and a step
daughter, Mrs. Harry Armstrong, o
Charlotte. Two brothers, Thomas anc
Charles Clark survive, along with the
following sisters: Mrs. Jan Donaldsor
and Mrs. John Reid, of South Caro
Una and Miss Ida Clark, of Augusta
Ga.
CHICAGO LIVESTOCK.
Chicago. Dec.
CATTLE: Deceipts 3,000; beef steers
strong to 25 cents higher: quality very
plain: bulk 6.25 to 8.25; she slock
strong: bulk fat cows and heifers 3. 85
to 6.00; bulls weak; best bolognas
around 3.85; calves and stockers
steady; best veal'ers to packers 9.00 to
9.25.
HOGS: Receipts 33.000: fairly active;
iight and light lights steady; others
steady to five cents lower than yester
day's avreage; top 7.10 for light ligiits;
practical top 7.00; bulk 6.70 to 6.90;
pigs steady; bulk desirables 7.00 to
7.10.
Receipts S.000; fat lambs
25 cents higher: sheep and
steady; choice fed western
city butchers 10.75; bulk
10.00 to 10.50; choice handy
Miss Mary Graham Bonner.
Within the past" six years Miss
Mary Graham Bonner of New York
city has written more than 4,000
stories for children, ail the stories
having been published,-"
. -i ,
TUSCUMBIA LOCAL OF
SOUTHERN ISWRECKED
WALTER H. JOHXSOX.
Atlanta, Ga.. Dec." 2. Walter H
Johnson. 78, formerly of Columbus,
Ga.. and for many years one of the
leading Republicans of this State, died
suddenly of apoplexy here this -afternoon
while in attendance upon a con
ference of Republicans.' The body will
be shipped to Opelika, Ala., his former
home, where the funeral will be held.
Mr. Johnson served for 16 years as
United States marshal for the north
ern district of Georgia, and for four
years held the position of collector of
internal revenue here.
GOVERNMENT BRIEF
ON BOUNDARY FILED
Huntsville, Ala., Dec. 2. Engineer
E. Z. Woodruff nd Fireman Houston
East, the latter a negro, and both of
Tuscumbia, Ala., were killed and sev
eral passengers are reported injured
when Southern Railway passenger
train No. 42 ran into an open switch
and turned over at Shellmound, 18
miles west of Chattanooga today.
Two messengers and several passen
gers, whose names have not been as
certained, were injured. None of the
Washington, Dec, 2. The Govern
ment filed in the Supreme Court today
its brief in the boundary dispute be
tween Oklahoma and Texas. The brief
does not discuss the location of the
boundary line on the south bank Ot the
Red River as fixed by the treaty
with Spain, but deals with the question
of title to the river bed, claiming foi
the Indians part of the land in dispute
and the remainder for Itself.
The Government contends that Roe
River, for many yearrs prior to the
admission of Oklahoma, was not naviga
ble; that title to the river bed did not
pass to Oklahoma when admitted as a
state and that, if the river Is or ha.
been navigated it was not navigable
above the mouth of the Iviamitia. The
train is known NoTV. Tuscurnbla i application of local laws to the issue.
local, of the Southern Railway.
SHEEP:
stead y to
yearlings
lambs to
fat lambs
ewes 3.o0
scarce, steady.
to 4.50; top 5.25; feeders
L
Grain Market !
80
i ;i
112
76
10
45
24
59
10
126
10
53
36
50
83
59
48
5
38
90
38
49
40
123
29
13i
ii
12
79
65
1-4
1-2
1 - ;.
1-i
3 4
1-4
1-2
1-4
3-4
7-8
1-8
1-8
7-8
5-S
7-8
3-8
5-8
1-4
1-4
1-4
-
1-2
1-2
1-4
TRUST COMPANY HAS
BOUGHT WILSON LINE
0- .
1- 2
7-8
1-8
Copyright, 1921, by News Publisli Ins "
Chicago. Dec. 2. Wheat market was
erratic ' throughout the session today
but there was not the confidence, in
flie bull ranks as was displayed a few
days ago. The general answer to the
question as to what is the market
going to do was that while it will
work higher, the possibilities are for
a setback first. The rains southwest
rer.crted yesterday failed to penetrato
sections where most needed and this
encouraged buying but a report of
snow at Hutchison, Kansas, later de
nied and the forecast for rain, or snow
over Kansas induced selling. The
face that the deliveries of cash wheat
are failing to find permanent lodgement
was played up by the bears as well
as the reports of Canadian wheat
bought by Minneapolis mills and a
cargo bought by Duluth for shipment
after the opening of navigation in the
spring were also depressing factors.
No export demand was reported at the
seaboard while milling demand for
wheat is at a standstill.
Corn was strong early but prices
were inclined to ease a little during
the later trading. There was good
commission house buying early and
some of the professionals bought. On
the bulge eastern houses were good
sellers. Exporters took 100,000 bush
els of corn but higher prices asked
by shippers checked the eastern de
mand. Receipts were fairly heavy but
unsettled weather checked the offers
to arrive.
In oats the feature was the buying
of May by Armour. There was some
local selling and also some changing.
Cash oats basis was easier. Shipping
demand slowed up because of the
higher offers put out.
Provisions were without reature.
There was a little short covering but
pressufe on lard carried prices off.
The Independence Trust Company,
through its insurance department, Mc
Alister Carson, manager, has purchased
the insurance interests of George Wil
son who lately decided to dispose of this
business and enter the automobile field.
Mr. Wilson bought the Blalock Motor
Company, dealing in Ford cars, and
will devote his entire time to this line
in the future. Transfer of the insur
ance business of Mr. Wilson included
agency for a number of well known in
surance rtenpanies which he has been
representing here.
tin discussed at length, the Government
! asserting that its title to the river bet
is not affected by tnem.
I The government states that the 480,-
!000 acres of pasture lands reserved t
the Indians was not under State con
trol, but remained tribal lands unti
allotted to individual Indians or sold tc
purchasers. .
BRITISH SCHOONERS
ARE GIVEN DAMAGES
DECISION WILL CUT
RAILROADS' PAYROLL
steady,
Deo. . . .
Jan.
March
May . . .
July ...
NEW
New Orleans,
ciuiet. 2o lower;
bales; to arrive
Low middling
gooel middling 1 1
Receipts 9,044;
16.19
16.25
16.37
lfi.24
15.87
16.40
16.65
16.78
16.65
16.20
ssot
Dec-sales
400 bales.
14.75; middling
.75.
stock 445,220.
net.
Close
16.35
16.38
16.50
16.36
15.95
COTTON.
2. Spot cotton
on the spot 150
16.75;
LIVERPOOL COTTON.
Liverpool, Dec. 2. Cotton: Spot
ciuiet; prices steady; good middhn;
1 1.47: r fully middling n.uc mmcinn;
10.67; low middling 9.47; good ordinary
72: ordinary 6.9.
Sales 6,000 bales, including 5,300
American. Receipts none.
Futures closeel steady; Devcember
10.64; January 10.o9; March 10. ol; May
10.44: July 10.32; September 10.01: Oc
tcber 9.84.
STATISTICS.
Weekly cotton
63,00 bales,
WEEKLY COTTON
Liverpool, Dec. 2.
statistics:
Total forwarded to nulls
of which American 4a, 000.
Stock 884,000 American alS.OOO.
Imports 57,000; American 29,000.
Exports' 6,000; American 1.000.
EXCHANGE.
2. Foreign
ex
per
7-?:
on
NEW YOHK PROVISIONS.
vow York. Dec. 2. Butter steady
cr-rpmerv higher than extras 47 to 47
1-2; creamery, extras 46 to 46 1
creamery, firsts 39 to 45.
Kirtrs weak; fresh gathered extra
flr.ic (to. to 66: do. firsts 55 to 60.
ohAPSB steaiiv: average run 20 to 20
1-2.
Live pouitry steady; fowls 21 to
turlreva 40 to 50.
nrpssed easier; western chickens 27
FOREIGN
aNew York, Dec
change irregular.-
Great Britain (par $4.85 5-8
pound sterling): Demand 4.03
cables 4.04 3-8; sixty-day bills
Yanks 4.00 3-4.
France (par 19.3 cents per franc).
Demand 7.23: cables 7.23 1-2
Italy (par 19.3 cents per lire): De
mand 4.23 1-2: cables 4.24.
Belgium (par 19.3 cents per franc)
Demand 7.06 1-2; cables 7.07
Germany (par 23.8 cents per mark)
Demand .43 1-2: cables .44
Holland (par 40.2 cents per guilder)
Dunand 35.60: caoies sa.t
Norwav (par 26.3 cents per Krone):
Demand 14.38.
Sweden (par Z6.8 cents per Krone)
Demand 23.80A
Denmark (par 26.8 cents per Krone);
Demand 18. oi.
Switzerland (par I3.d cents per
fianc): Demand 19.08
Spain (par 19.3 cents per pesota):
Demnnii 14.02.
Greece (par 13.3 cents per araenma)
Demand 4.10.
Argentina (Dar 42.4 cents per at
gentine paper dollar): Demand .52. 3
Brazil (par as.ta cents yer paper
milrel.O : Demand 12. 8.
Montreal (par 100 cents per canaaian
dollar): 91 9-16.
Curb Market 1
By STUART P. WEST
' StnflT Correspondent of The News..
Copyright, 1921, br News PnblUhinj: Co
New York. Dec. 2. The curb market
was strong again today during me great
er part ot tne session and some snarp
advances were recorded. Commission
houses which appeared to be taking profits
late on Thursday came into the market
at the opening with new buying orders
an dit was disclosed that some stock was
scarce around recently prevailing Quota
tions. The mining stocks showed greater
activity than in sime time but price
movements generally were small. Euroka
Croseus was one of the features attract
ing auite some attention as a result of re-
norts of active progress at the properties.
Raston and Montana and Hard smell aiso
were active and tirm.
United States Distributing was one of
the leaders, fluctuating rapidly. At one
time small buying orders caused a very
sharp advance Farrell Coal was slightly
higher and so was United Retail Candy
Acme Coal was firm with continued talk
of the favorable outlook for its newly ac
quired properties and there was a good
demand for West r-nct unemicai. it. .1.
Reynolds was in good demand in the early
dealings and rose a fraction but receded
later on oroht taKing. united front
sharing was quite active but neid only
steady.
Some new high prices were made m
the oils. Imperial Oil of Canda continuing
its move into new high ground and Simms
Petroleum touched a new high for the
nresent movement. Standard Oil of New
York was taken in nana at tne start ana
moved 110 sharply but rather Heavy re
alizins- sales developed later and the stock
went off almost as quicniy as n nan aa
vanced. International Petroleum, Skelly,
Carib Syndicate and others were firm,
About the only supply of the oils at the
nign marKS came irom tne traders, some
of whom were taking profits while others
were putting out short lines on the be
lief tha ta reaction was due. The low
priced oils were well maintained with
Y Oil and Gas and Victoria quite active
There was less business 111 the bond
market and at times the tone was only
barely steady. Price cnanges were confined
within fractional limits.
New
closed:
second
ond 4
fourth
9.98;
LIBERTY BONDS.
York, Dec. 2. Liberty bonds
3 l-2s, 96.18; , first 4s, 97.20
43, 9.42; nrst 4 1-4S, ki.44; sec-
1-4S, 97.58; third 4 l-4s, 97.88
4 l-4s, 97.80; victory 3 3-4s
victory 4 3-4s, 100.00.
New York,
silver 67 5-8.
Mexican dollars
SILVER.
Dec. 2. Foreij
bar
51 1-2.
SUGAR
New York, Dec. 2.-
quiet and unchanged at
for centrifugal
-Ra
3.87
wsugar
to 4.11
COTTONSEED OIL.
York. Dec. 2. Cottonseed oil
firm. Prime summer yellow
8.50: prime crude 6.90 to 7.00;
!8: January ?.o:j; f eoruary
8.76; April 8.81; May 8.95;
Refined uhchanj
fine , granulated.
ed'at 5.20 to 5.30 for
New
closed
8:30 to
December S
8.62: March
CHICAGO PROVISIONS.
Chicago, Dec. 2. Butter higher
creamery, extras 47; firsts 36 1-2 to 45
standards 39.
Eggs unsettled; firsts 50 to 53.
Chicago, Dec. 2 A decision, expected
to cut nearly $1,000,000 from the pay
rolls of New England railroads, was
handed down by the United States
Railroad Labor Board today when it
readjusted the rates of pay clerks mak
ing the hourly rate identical for men
who work six days and those who
work seven days a week.
Washington, Dec. 2. Awards
amounting in the aggregate to $4,794
were made today by the American anc
British claims tribunal in the cases oi
the British schooners Jesse, Thomas P.
Bayard and Pescawha, which were pre
vented from otter hunting in Behring
Sea by the United States sealing patrol
in 1909.
The schooner owners claimed upwards
of $140,0$0 for their prospective profit?
lost by such interference, but the.
tribunal decided that, in asmuch as
their sealing operations, undertaken on
(tne jKtrssian coast alter being mterrer
red with in Behring Sea, were profitable
no loss was shown, and awarded only
the expense incurred for equipment and
a $1,000 each for their troubles occa
sioned by said interference.
CHILD HAS BROKEN ARM.
Charlotte Lee Lenoir, five-year-old
daughter of Mr. and Mrs., W. F. Le
noir, 6 Park Court, fell and broke her
arm Thursday while playing in the
yard 01 her home with some other
children. The arm was sot at once
and the little girl is reported to
resting well today.
ENGLAND TO REFUSE
A LOAN TO GERMANY?
London, Dec. 2. (By the Associated
Press).- Former German Minister of
Reconstruction Rathenau is negotiating
with Sir Robert Home. Chancellor of
beVhe Exchequer, and with officials of the
Bank of England for a loan of 50,000.
000 p. s. to Germany, it was learned on
! high authority here today. It was under
'stood Herr Rathenau would be given
a definite answer to day, with a high
official said probably would be in the
negative.
Chicago, Deo. 2. Considerable firm
ness developed in tne wneat mai-Ket
today during the early part of the
Session. Opening prices ranged from
1-2 cent decline to 1-8 cent gain.
Wet weather in the cron belt gave
firmness to corn and oats. Corn opened
1-8 off to 1-4 up.
Oats started unchanged to 1-4 cent
higher.
Provisions were inactive, but sus
tained by firmness in the hog market.
Wheat closed unsettled at 1-8 cent
net decline, to 3-4 cent advance.
Corn closed firm 3-S to 1-2 to
cent net higher.
5-S
CHICAGO CASH GRAIN.
Chicago. Dec. 2. Cash: Wheat,
sales reported.
Corn, No. 2 mixed 49 to 49 1-2;
yellow 39 1-2- to 50.
Oats, No. 2 white
white 32 3-4 to 34.
Rye nominal.
Barley 57 to 62.
Timothyseed 5.00 to
Cloverseed 12.50 to
Pork nominal;
Lard 8.50.
Ribs 7.00 to 7.75.
no
No.
35 to 36; No. 3
6.00.
18.50.
GLASS COMPANY CLOSES.
Lynchfjurg, Va.. Dec. 2. Announce
ment was made here today that the
Lynchburg Glass Company will close its
plant after tomorrow. Lack of orders
,xr.j t- o-h-en a a t Vi O vQfin YiriPl V-f ! V P
workers will be thrown out of employ- ARBUCKLE RECEIVES
ment until alter January 1. xne piant
has been operated continuously since
March 15.
CREIGIITON IN ATLANTA.
W. S. Creighton, traffic manager of
the Charlotte Shippers and Manufac
turers' Association is in Atlanta, at
tending a meeting of the board of gov
ernors of the Southern Traffic League.
Mr. Creighton is chairman of the board
of governors and it was at his call
that the officials gathered" to discuss
freight rate reductions in the Southwest.
THREATENING LETTER
GEORGIA BANK CLOSES. ;
Wadley, Ga., Due. 2 The Jefferson
county bank was' elosed today by the
directors and placed in the hands of
the State Superintendent of Banks, the
officers stating that the bank was un
able to realize from outstanding ac
counts and had suffered from heavy
withelrawals of deposits..
San Francisco, Dec. 2. Milton Co
hen, of Los Angeles, one of Roscoe C.
Arbuckje's counsel, said today he had
received a letter threatening death tc
"you and your fat friend" if Arbuckle
should be acquitted in his trial for
manslaughter. Cohen said the defense
was much worried over this threat
against Arbuckle.
LLOYD-GEORGE PLAS
TO SAIL DECEMBER 12
London, Dec. 2. (By the Associated
Press.) Prime Minister Lloyd-George,
it was learned this afternoon, is defi
nitely planning to teave England for
i tne cnitea states December xj to at
I te nd the Washington armaments con
ference.
CHICAGO
Chicago,
GRAIN
Dec. 2.
Open High
AND PROVISIONS.
Low CIos
Dec.
Mav
CORN-
Dec.
Mav
OATS-
Dec.
Jlav
PORK
Jan..
LARD
Jz n.
Mav
RIBS
Jan. .
May
..1.134 1.13"i 1.11
1.16 1-171z 1.15 1.1714
48 .s 49 ?g 47 "s 4SV2
54 Va 55 54 o44
32 33 32 32
38 38 38 38
& 15.35
...... 8.45 8.50 8.42 8.50
S.S5 8.90 8.85 8.90
7.40
7.75 7.77 7.72 7.77
ST. LOUIS GRAIN.
St. Louis, Dec;. 2. Wheat. No. 2
red 1.23 to 1.27: No. 3, 1.17 1-2 to LIS;
December 1. 10 1-8; May 1.15 5-8.
"Cbrn. No. 2 white 50; December 4S
1-8; May 53 3-8.
Oats, No. 3. white 35 to 36 1-2; De
cember 35; May 39.
SAVANNAH NAVAL STORES.
Savannah. Ga., Deo. 2. Turpentine
firm, 72 1-2: sales 191; receipts 424;
shipments 181; stock 11,060.
Rosin 'firm: sales 1,429; receipts 2,
197; shipments 1,141; stock 71.93S.
Quote: B D E F G 4.15; K 'I 4.20:
K 4.75; M 5.10; .. 5.40! WG 5.50; WW
5.60.
' MoIVER CLIB MEETING
The home ) demonstration club of. the
Mclver neighborhood held a meeting
at 2:30 o'clock Friday afternoon. at the
home of Mrs. C. S. Elam on the Dowel
road. Miss Marion Davis, home dem
onstration agent, attended."
TO ERECT NEW EXCHANGE.
New York, Dec. 2. Members of th
New York Cotton Exchange today vot
ed to erect a new $3,000,000 exchange)
building on the site of the present
structure at Beaver- and Williams
streets. Work will commence next
May.- .' ' ' - --
INSTANT RELIEF FOR ACHING
JOINTS AND SWOLLEN FEET
Nashville, Tenn.,
Woman Declares; One
Application Gave Her First
Night's Sleep in Months.
NEW YORK MONEY.
New York. Dec. 2. Call
firm: high 5; low 5; ruling
eiosine bid 4 1-2; offered at
I03.H o
Call loans against acceptances
Time loans easier; 60 days,
davs, 5; 6 months, 5.
- Prime mercantile paper 5 to
money
rate 5;
5; last
4 1-2.
5; 90
5 1-4.
CHICAGO POTATOES.
Chicago, Dec. 2. Potatoes higher.
Wisconsin bulk round white 1.65 to
1.80 ewt.; tlo, sacked 1.50 to 1.75 cwt.
Minnesota sacked ' round white 1.60
to 1.70 cwt.
Red Rivers, sacked 1.45 to 1.60 cwt.
Michigan, bulk. 1.70 to 1.85 cwt.
We admit it does sound astonishing
to hear people tell of the wonderful
relief they have ,had from' use of
Andes Great Oil wfTen .they had. suf
fered for years from rheumatism, neu
ralgia, lumbago, sciatica, stiff, swollen
joints, and various kinds f pains;
but if one cares to investigate we
would be glad to give names in their
own vicinity and they will be more
astonished to find how : very little of
the real story we tell.
Just one bottle, of Andes. Great Oil
made everything lookrosy to a woman
living in Georgia "street,. Nashville.
She told the Andes Oil man she had
been down most of the winter with
aching joints and swollen feet and
limbs; unable to do any house work
or get around at all until her thusbnnd
rubbed her with Andes Great Oil. The
first bottle relieved the pain and ie
duced the swelling and the first appli
cation gave' her a. good night's rest
the first in-months.; "-Bhe-says she used
eight bottles and fs. entirely rid of her
trouble. --
Andes Great Oil is a splendid remedy,
giving instant relief to pain whether
iiitcrnal or external. Besides relieving
all sorts of rheumatic pains, it is good
for earache, toothache, dysentery, sore
thioat, sore glands; In fact any kind
o.f pain i will yield to the soothing
influence of Andes Great Oil. All
druggists, two sizes SOc and one dodar.
Sold and .recommended by Wohlfor J
Porter Drug Co., corner Trade and
College streets. Adv. , . !
LISTEN
Every individual, firm or corporation should have a checking account
here for convenience in paying bills. .
The cancelled . check is a never-failing receipt, and a perfectly ac
curate record of your transactions.
Your money is .absolutely safe here and you run no risk In losing
it by fire or theftT"
We welcome new accounts whether, large or small. Open a check
ing Recount today.
Four per cent interest paid on Savings Accounts, 4 per cent
"cent paid on Time Deposits. .
Charlotte Bank and Trust Company
214 East Trade Street.
A. Turner, Pres. W. R. Foreman, V. Pres. J. H. Leech, Cashier
M.
to 44; turkeys 48 to 51. ,
Jj.ine 505; July
1
9.15.