THE CHARLOTTE NEWS, CHARLOTTE, N. C FRIDAY AFTERNOON, DECEMBER 9, 1921.
19
IMI !
LIVESTOCK-COTTON
GKJJ8
KviTARKET QUOTATIONS; FINANCIAL NEW
& v Jg2ffgffiy'glg!tsaaar rates rcxcsssD dc-tss I
ClillU BY STEAK? p WCT3-i,r XI Tanai -F&khSsI rffrrr rf T ainr York o. 1
CURB
E0NB3
STOCKS
UPWARDDRIFT IN
STOCK EXCHANGE
Tradings However, Was
(onfincd to Professionals
and Special Issues.
rr STUART p. WEST.
m(T i'prrrnpondMit of The News.
,-1
: a i . i
;t:
i"
1 -.V 0
i!M, nr - e w x-iiDiismnc C
;r,'ft. Now Tork. Dec. 9.
ni t stock exchange today
confined to protesstonals
1 - UlU
IS jiooiH tv it i v ii worueu in
si Kt(jc.'. V nrrcaa iub main arm
hart been toward lower
,,;( was a iurtncr reaction
sticks and weakness in
of the tboaceos. But
Ulv offset by the resump-
ving in iun ruinjf r snares cn
sales of the copper metal
n.-ido as high as 14 cents
; ,,-. was sl so special biiy-l'-Diliii-f!-.
in the tea slocks
of the minor special lies.
riosi sOiifu-.l to the steel
hist week's story of a
: .ie independent companies
i;ic acne hv without
, . tiriiiiit ion even of the
a merger is planned.
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f
i:
r
v
I-
t
r :
P '
I"
i ices wnero uiey are
v a .' revisions cavvic 1
i practicable, fnv of
cin make any money
Logical deduct i:i
ihai they must unite
tiii-1 economy involved
";uiiMi of their prop
ciim.i1 head,
l little news to in-
ma rkets.
P
ipor
f ihe
;,iken m the announce
Attorney deneral was
-oiiaiiy into .ew llav
- tv. s:i'.naily with a view to
: : irtlier government relief.
.. 1 in active buying: both in
i, j.'kI :i.s subsidiary. Ontat.io
ulierwise railway share
! . ." boavy.
a -t : of almost uninterrupted
.-rliug and franc exchange
( i. I'r.iiuestionably the doubt
; -c Government of the Irish
, ,', nf the split in the Irish
:v.::enced the exchange market.
-..ivUs held above the .50 level
., . i !,. inclination to go higher
feeling in banking circles
tiie time that France will
mound to the viewpoint of
V.'.;e?. that Germany must be
; ray off its January install
' v indemnity in goods and not
V! -.ile this would avert the com-
v..,;ci financial collapse. there
the 1 (M.ftOO.OO,000 mark
. circulation to deal with and
f.i;,.ii set in, there could be no
".n.cii of a recovery in th mark.
,,0- tigures of the British
T:ade throws some light cn
i-iiprovement in sterling e:i
.Vl.r.e reports were raLher
in view of the effovts
r...":; Government to stimulate
.-.:r.:iierce clown 57.000.)i
': ; : t.-tober 19-0 this was
.1 ! iiu almost equally large
: i: i.e.ports. For the eleven
(tiding November 30 the excess
amounted to only 357,S57.0i0
s against 556.623,000 pounds
i,o same x'eriod last yc&r.
e ports a ad imports totals
r- i'vak in commodity price;?
nr.ji-ii as the depression in
Features
story
in
thcrities
Ci stttart r. WEST.
CopTrlRht, 1931, br New. Vablihine Co.
STEEL THE LEADER.
It was the 1 ndTAni1nt cin.i ......
story which started the market fw
St Week a.&-r nnrl it -nr. . - "r . i. .
Which Was th.fi TlTtTK-inal ifl,,,.
tn market todax- Tii f.o.i
Insist that th mtrooi' muBi
come because verv fw ti
outside of tin TTnii -.
Corporation can get their costs down
sufficiently to make monev under ri.
f-nt. conditions. NQt only dld tne stock3
involved in the merger negotiations so
up Lackawanna, Republic . and Mjd
j T ut s,eel common was strong
and there was rather impressive buvini?
m Bethlehem Steel B. The reason f:n
the strength in Bethlehem B ;s the
piosaic one of a heavy piling up of
profits in past years, which have not
hotn ,paid out to shareholders, thus
(Hating an asset value which makes
the recent market prices se.un too
low. Bethlehem is being bought by
pti.ple who contend thai the nmipanv
is more in the class of the i-'ee-l
Corporation than are anv oT th other
li'diltndents and that, there is. too wide
a gap between its common stock and
sleel common.
IMPROVEMENT IN
COTTON MARKET
Improving Trade Demand
Causes Renewed Firmness
and Advances.
There
Ihe list
banf to
ucts
cent
COIIX PRODUCTS.
is scarcely another sicck cn
which has been moie .f a
short sellers rliau Corn Ti-d-
Becauso. It ays only six vcr
four per cent reeular and two
pei cent extra it made a target for
'car operations on 'he ground tint it
was selling: much too high miles-! the
dividend was to be increased. j?i?mi
cfficiil hint hav-? btn given out in,-,;
thoie was no chance of such an
increase yet awhile, despite the srood
earnings ot t lie company. Thes hints
have, been supplemented by mysterious
ocar pointers to tne effect tha the
stock ouht to work back to SO. Still
f-.t-rj speculator who has set stvre
by this alleged "inside information"
i ... .1
ua nctu reason io regret v.. Corn
Products sold at a new high for the
year today. it is essentially a stock.
me aiue oi which is not determined
o wiucn it pays in dividends, but by
the large treasury assets behind it.
ome thing that Corn Products will
eventually be another International
Harvester, which went up to liiO belore
it i aid anything in dividends and aft
erwards recompensed stockholders bv
a rich melon cutting.
k tiiarket dragged along'
it cit't'-rnoon with no interest
" t i 1 1 ii outside of the steei stocks,
tvin Locomotive, Corn Products and
two others.
(Dry Goods Market
Bt turt r. WEST
met orrcupondenf of The tt.
"I.mi;Iii M Jl.hy tvr Publlnhlne Co.
v I i c. !. Print cloths again
: i 1 u'.'"d demand in the New
. i: tmlay mainly for delivery
-irsf quarter of next year.
: oods, including sheetings,
'". c. -h i!s. twills and similar cloths
... ,.-"f active. Prices of print cloths
; ;:.. rally ut. changed but firm, buy-
- i c.. .rur a disposition to cover at
--' .i -"! ion of tluir reciuierments be
' -.-'i ',.' advances ficcur, duo to the
- .:. idv cctt"ii. Buying at present
i.:r.:f"i l.y ability to obtain merchan-
--. a s- Uors arc not free with their
r;ri.-. (inclining to sell ahead for the
pv-,xt, of next year at prevailing
;' v :".;dit;s for 1-S to 1-2 a cent more.
- &i,-;r ready t oaccept the market
r ; p ttiiiindcr fth month in order
: t ; . S'-ids off their stock sheets. A
' : : ! buyers are ready to take on
r it . xt year at S 1-2 cents but
'.: illing to bid for goods, prefer-
tlK.ni offered. Many cotton
- : " !
'"'IS me
ri'nwtits
STillg
prices
look forward to a fair
trade provided mills do
up as soon as buying
M; M)BK MONEV.
Yv.k. I ,4''. 'J. Call money
:, 1-2: low 5; ruling rate
'ig bid 1 1-2; offered at 5;
r.-;
-' .iguinst
. - liriner:
h:- to :
.1 cantile
acceptances
: SO days, 90
. 1-1.
paper 5 to i
4 1-2
da!
1-4.
lk( AGO POT.V
j ,,l-',',,- 1 o--. . Potat
i , -i"-' "!!-;: f sucked and
i i.';r. to .:.-, cwt.
ATOES.
toes steady.
bulk round
re
l.r.o
d and
to 1.7
white
cwt.;
.40 10
Hfd Hi vers .50 to
'k'rl Ilurais 1-75 to 1
ii -.H.kcil round white
1.70
cwt.
i'i cwt.
1.65 to
ERYTHING
J High Quality
Voiding Materials
MaWe money
lpcndinj? it.
by
Dis-
ii count voiir hills. We
ofTer you terms that net
(Ju a saving of two per
tent every month. "A
Penny saved is a penny
earned." Take advantage
of discounts.
mber Company
Boulevard
Phones 3472-3473
THE Z1XCT SITUATION.
latest ngures regarding zinc exports
snrow inese in a very good light. Japan
is still a heavy buyer of our zinc and
uas ueen increasing its snipments. it is
learned tha tone of the big chemical com
pames nas oraerea producers to resume
snipments ana tne day wnen the mines
will be reopened cannot be far off. The
latest word regarding the new ore dis
covery of the Callahan Company is that
assaps for seven feet, the entire width
of the shaft, shrow eleven ounces of silver
and 11 per cent of lead.
M'ESTKRX PACIFIC.
Weakness in Western Pacific stocks
is not altogether justified by earning
statements. It is true that, on th
oasis or the October report, earnings
applicable to the preferred dividend io.-
tue calendar year will be only a U iiie
over five per cent but, if the period
rrom .inly J, i!2l. to June 30. 1922
these twelve months being under me
new wage schedules is taken, the
estimates show about 6.25 per cewit for
the preferred. Whether or not trrs
directors at the dividends meeting in
January will declare a preferred divi
dend at the full six per cent rate is
ot course, more or Ic.fs uncertain.
in
COPPKH SHARKS STRONG.
Copper stocks for the last few day
have been slowly forging ahead
spite of the irregularity and partial
reaction in other parts or the list
loday their strength became even
more noticeable, especially in the case
of Utah, Anaconda and American Smelt
ing. At one time these three stocks
were up a point to l 1-2 points. Cerro
dr Pasco reached a new high for the
year and Kennecott crossed 26 for tne
first time. Likewise Chino and in
spiration rushed beyond their previous
best for 1921. Sales of the copper
metal reported at 14 cents were the
main incentive for the buying in these
stocks. A 14-cent level for coppe
means a recovery rrom the very iow
nearly two cents in tne pound. It is ;
logical enough result of the suspended
production and the lapid dwindling of
the surplus supply. Also the Irish
news and the latest developments
regarding German reparations have
been a factor, because everything tnat
is for peace and the economic advaa
taso of Europe is heipiul to the
orport demand for copper.
I Bond Market
By STUART P. WEST
Staff CorrrKDnnitr-n nf Th n.
Copyright, 1921. by Kewi Publ!hinx Co.
New York. Dec. 9. The cotton market
showed renewed firmness today owing to
reports of an improving trade demand.
There was some irree-nlaritv parlv as a
esult o f realizing after the sli aril nr1vaiir
of yesterday afternoon and apprehensions
Of a hitch in the Irish Rittlim'ATit Afttr
opening steady at an advance of five
points on December but generallv un
changed to 11. points lower .active months
sold about 8 to 12 points below last
night's closing figures. There was nothing
in the action of Liverpool to indicate
any fresh anxiety over the Irish situation,
however, and the market here soon turn.
ed firmer on renewed coverine. trade buv-
ng and a moderate commission house de
mand. Before mid-day .active months
were 1 to 20 noints above last nisrht's
closing figures with January at 17.87.
the highest price touched since it sold off
to 16.92 st the beginning of the month.
There were a good many scattering
reports tending to encourage the talk
farecord trade demand. A telegram
from Savanah said there was a consider
able export demand lor medium arades
and that Liverpool buyers were p-ra ting
there. Another wire was received from
Nortlv Carolina stating that Norfolk
was offering 17.25 basis middling at Nor-
lolk, which represented an advance of
points over last night s quotation.
Receipts today, 23 bales, at
.17.1
SEW YORK COTTON.
New York. . Dec. .4 The rnttnn mar..
ket was rather unsettled at the stnrt
today owing to a di.SDosition lo tak
protits after the sharp advance of
yesterday and apprehensions of a hitch
mi me irisn settlement, hivernon wps
iuiiy up to expectations and rim market
opened steady at an advance of five
points on December, but later months
sold eight to twelve points lower right
after the call. The absorption of the
eariy onenngs was encouraged b
continued reports of an improved de
mand tor goods and spot cotton. How
ever, and after selling off to 17.59 for
jAnuarj. ana n.ru ior Aiarcn, prices
rdiiiea eignt or nine points on renewed
covering and trade and commission
ncuse buying-.
ihe market showed decided-firmness
jaier on tne better trade news wit!
January contracts slling up to 17. VA
anci .uarcn up to 17. S4. or 15 to 20
points nigner and into new high ground
for the movement. At these prices
January snowed a recovery of H5
points from the recent low level, and
the market was quieter around midday
wiiii puces snowing reactions or a lew
points from the best unde realizing.
Less bullish figures on spinners'
tr.Kings tor the week led to increased
leanzing during tn early afternoon
win: January selling on to li.4!) or
about 18 points net lower. There was
trade buying and renewed covering on
tins aceiine, However, and the niaike
was sieaay witnm live or six points
in last nignt s nosing around
o'clcok.
CLOSE A'EW YORK KCTUJTES.
New
steady.
York, Dec.
-Cotton closed
Open
Dec 17.S8
Jan 17.6S
March 17.65
May 17. ?,S
July 16.S8
SEW YORK SPOT
. New York, Dec. 9
quiet; middling 18.10.
High
17.96
17.87
17.84
17.60
17.16
Low Close
17.65 17.80
17.48 17. 67
17.48 17.65
17.30 17.
1R.8S 17.01
COTTON.
Spot cotton
Wall Street 1 1
!'
Grain Market
New York. Dec. 9. With few ex
ceptions the usual leaders were ignored
in the early trading on the stock ex
change today. Mexican Petroleum op
ened uncnangeu, dul soon rose one
point. Corn froaucts. Pittstmrgh
coal ana onnern r-acine also were
firm to strong. California Packing was
the only issue to snow acute weakness.
declining 11-2 points. Prices steadied
within the first halt Hour, buying of
Canadian Pacific. Koyal Dutch and
seme of the prominent equipments and
shippings contributing to the better
tone.
Contrary to expectations the ca.ll
money rate tell to nve per cent at
nnuday. The independent steeis were
oiougnt torward oy pools at gams
of one to three points. Minor rail:
especially New Haven and Ontario &
Western, also strengthened, but stan
ds rd issues showed further neglect.
The closing was steady. Liberty
ssues and most other bonds reflectel
FURR ESCAPED
FROM THE GANG
Notorious Retailer of Coun
ty Makes Good His Get
away from Camp.
Meeting Calendar I
absence of
proxima ted
AEW
buying
3Gt.00O
YORK
Last.
A i!is-Ch aimers
power,
shares.
STOCK.
Sale.
Sales ap-
L1ST.
r,8
American Bee t Sugar 29
American Can .. . 3-S
American Car fc Foundry 14?
American Hide &- Leather pfd. . 1-S
American International Corp.. 40 ."-8
An erica 11 Locomotive 39 1-2
Air.erican Smelting & Ftef. ,. . 1o
American Sugar 54 f!-S
American Sumatra Tobacco .. 30 l-j
American T. & T. . . ,. ..116
American Tobacco Sec -
American Woolen SO 3-4
Anaconda Copper .. .. .. .. 4 .1-S
Atchison 89 1-4
At I.. Gulf & W. Indies ... .. 31 1-4
Baldwin Locomotive 9 1 S-S
Baltimore Ohio .. .. .. "6 1-2
Bethlehem Steel B ...... .. 58
Canadian Pacific 120 1-2
Central Leather ,10 1-S
Chandler Motors 47
Chesapeake &r Ohio 56 1-2
Chicago. Mil. & 'St. Paul .... 20
Chicago. R. I. & Pac ?.2
Copyright, 1921, by Publishing Co
Chicago, Dec. 9. Wheat market was in
need of support much of the time today.
It looks as if the bull market has been
checked for the time being. There was
some buying early on reports for a broad
ened export demand and higher levels
were established, but the bulge brought
out selling by longs and these offers were 1 . "
difficult J.o absorb. Some commission f naay th
nouses buying reveloped on the dip. An
increase of over 300,000 bushels in Min
neapolis stocks for the week and primary
receipts in excess of last year offset any
apprehension of a future scarcity of sup
plies. So long as receipts continue to the
present size, operations will be slowed up.
vlmenteeeelylrotosmsechoi.oflywffvyellingo
Winnipeg cash wheat premiums were one
to three cents lower and Minneapolis was
unchanged. Seaboard reported some wheat
worked. Cash premiums in the local mar
ket were unchanged. Exports for the week
'ere much lighter at o,93p.0lio bushels ot
wheat and flour ad reported by Brad-
streets.
Corn was easier for the start. There
was a little pressure frotn pit longs while
the buying power was limited. News was
mostly bearish. Offerings- to . arrive were
fair and receipts continue of goodly vol
ume. Hie cash demand tor corn was not so
;ood as of late. Domestic buyers were
not disposed to accept the higher offers
sent. out by local shippers. A little export
business was ' worked. Cash premiums
were not disposed to accept the highest
offers f-ent out by local Shippers. A lit
tle ' export business was worked. Cash
premiums were a quarter cent, easier.
Oats were easy but . changes in prices
were not pronounced, ihere was good
buying early by a house with cash connec
tions. Speculators continue their changing
operations. Cash premiums were unchang
ed. Shipping sales were larger.
Provisions were firm. There was buying
by shorts and outside buying was broad
er, some of it for foreign account. Smaller
packers sold.
regarded as
blind tigers
county and
a year on
1, escaped from
one
who
who
the
H. O. Furr, white,
of the most notorious
ever operated in the
began a sentence of
chaingang December
McLaughlin's camp some time during
Thursday night and. has not been apprehended.
it was indicated m official oh-Hps
t tne prisoner . was being al-i
lowed some freedom about the camp
and that, supposedly, being without
shackles, he- walked away during the
night.
Furr is also under sentence of
three more years on the gang for sell
ing whiskey, his case now pending or;
appeal to the Supreme Court. Judge
Ray sentenced him in both cases, one
more than six months ago when,
through insistence of the prisoner's at
torneys, he was: given the privilege of
remaining on the farm until he gather
ed his crop before beginning sentence.
December 1 was the date set by the
court ror the sentence to begin.
In the meantime, officers apprehend
ed more whiskey on his . premises,
which were on the plantation of Dr. cl
A. Mis?nheimer in Charlotte townshin.
FRIDAY.
1 p. m. Older Boys' Conference din
ner. Chamber of Commerce.
8:30-12 p. m. Subscription dance
Woman's Club,. Auditorium.
SATURDAY.
10 a. m. Sale by women of Eas:
Avenue Tabernacle, "Andrews Music
House. .
10:30 a. n. Sale of aprons, Ear
Avenue Piggly Wiggly, by Junio:
High P.-T.'s.
2 p. m. Home Demonstration Club?
Carnegie Library.
4 p. m. Entre Nous Book Club, Mr?
Francis Lee Irwin, ;-05 Hawthorn
Lane.
Sale of cakes. Ladies of St. Paul";
Presbyterian church, 12 North Churcl
street. " -
3 p. nil. Mother Goose pageant, Audi
torium.
7 o. m. Eastern suburb Baptists
Elizabeth schools.
8 p.-111. Stunt night program by Alex
amler Graham High School pupils.
Auditorium. . "
9-12 p. m. Subscription dance, benefit
Woman's Club, Auditorium.
near me ana ron line, and also arrest
ed two negroes, one man and one wo
man with whiskey which they swore
they had bought from Furr.
"Wh;n the defendant canie back into
Judge Kays .'ourt, the latter
LANDIS RESTRAINS
RAILROAD BOARD
By ST V ARTJ r. WEST
Staff Corresponslent of The News.
Copyright, 1021, by News Publish Ins: Co.
Wall Street, .ew lork, Dec. v.
Dealings in the bond market toduy
changed the average of prices very
little. The list as a whole continued
iriegular with Liberty bonds still de
clining slightly. There were a tew
prints ol weakness 1.1 tne ioreign s,o -
eminent sections, but tne tirmness o.
L't ited Kingdom loai-.s seemed to indi
cate lhat the signs ot reaction were
not due to Hi 3 fresh uncertainty in the
Tiish situation. The United Kingdom
l-2s of 1937
NEW ORLEANS COTTOJT.
Jew Orleans, Dec. 9. For a while.
scon arter the opening today, the
cotton market hesitated, dropping fivs
to nine points under the final prices
ol yesteruay, out it soon strengthened
on reports of a much better forward
export business being done by local
houses and at the end of the first half
hour of trading was 11 to 17 points
uigner man tne close or yesterday
January traded down to 16.86, and
then rose to 17.09.
Keports of a much better
nisnd in the interior of the
cablegrams from Liverpool,
that Manchestre was doing
business. put the market
higher, the active months
levels 25 to 31 points over
01 yesterday. Januarv touched 1: 5s
Just at noon the market broke about
20 poins under mill .akings of 366,000
bales for he weke, the trade being
more disposed to compare them with
the takings of last week when they
were 429,000 bales, than the- were
with this week last? year, when they
were 279,000.
The decline continued into the aft
ernoon and at 1:30 o'clock prices were
five to ten points under the last quo
tations of yesterday, January standing
at 16.82.
CLOSE EW ORLEANS PITURES.
spot de-
belt and
claiming
a better
strong ly
rising- to
the close
Cbino Copper . .
Colorado Fuel & Iron .. ..
Corn Products
Crucible Stele . . .. .. ..
Erie
General Electric .. .. ..
General Motors
Goodrich Co
Great Northern pfd ..
G' eat Northern Ore Ctfs . .
Illinois Central .. ,.
Inspiration Copper . . . .
Int. Mer. Marine pfd .. ..
International Paper . ,
Kennecott Copper
Lcuisvills & Nashville . .
Maxwell Motors
Mexican Petroleum
Miami Copper i . ,
Middle States Oil. . . .. ..
Midvale Steel .
Missouri Pacific . . . . .. ..
New York Central . .. ..
N. Y.. N. H. & Hartford ..
Norfolk & Western, .. ..
Northern Pacific
Oklahoma Prod. & Ref. . .
Pan American Petroleum . .
Pennsylvania . . . . . .
People's Gas .. .. .....
Pittsburgh &- W. Ya. . . ..
Ray Consolidated Copper . .
Reading '.
Rep. Iron & Steel
Royal Dutch, N. Y .. ..
Shell Trans. Sr Trad. .. ..
Sinclair Con. Oil
Southern Pacific .
Scuthren Railwav .. .. ..
Standard Oil of N. J., pfd
Studebaker' Corporation .. .
Tennessee Copper . . . .
Texas Co.
Texas & Pacific
Tobacco Products
Transcontinental Oil
Union Pacific
U. S. Food Products"."." ..
U. S. Retail Stores . .
IT. S. Ind. Alcohol . .
U. S. Rubber
U. S. Steel ,. ..
Ltah Copper . . . .
WeMlnghousc Electric .. ..
Willys Overland . . . .
Pure Oil
Atlantic Coast Line ..
Coca Cola . . . . .
Gulf States Steel . . ....
Seaboard Air Line . . . .
Sioss, Sbef. Steel & Iron . .
united Fruit
Virginia Caro. Chem
American tobacco ,.
American Zinc
Invincible Oil .
International Harvester . .
General Asphalt
New
steady.
Dec. . .
Jan.
Mai eh
Mav ..
July . .
AEW
New
steady
York, Dec. 9. Cotton closed
were uncnangeu. r reiicn
Government bonds. However, iosi.
srr.und. the Ss falling below par and
the 7 l-2s dropping below 95. Uruguay
iost about a point, on tne otner
land, the Japanese 4s strucK a ne.v
high for the year at iJ and tne urst
1 1-2S got Up to Si l-J ior Lilt- mat
time this year,' dominion 01 , yaiiaua
l-2s of 1929 made a tresn top at as.
There - was even division of gains
and declines among the raits. 1 ne ,c
Paul and Erie issues continued to eas;
off. St. Paul general 4s were down
1 1-2 points below yesterday s ciosiug.
Erie convertible 4s series D fell over
a point to Deiow -cu- x.n-.ivM.
a point. The Missouri. Kansas &
l'exas bonds were still active out soic-
er.ed slightly. In spite 01 any ibw
hope -regarding the attaus or tire ev
Haven Railroad, which might arise
from the personal interest shown by
the Attornev General, the New Haven
debenture 6s fell a point to around
66 1-2. St. Paul & Sdget Sound. belOvV
64- Missouri Pacific general 4s down
1 i-2 points; Baltimore & Ohio, Toledo
and Cincinnati division 4s, off - a
po'nt; Kansas City Southern 5s around
83- Delaware & Hudson convertible os,
Ci'icago Great. Western 4s losing over
a" point and the Virginia Railway first
5 at 90 were features. Lehigh Valley
6s at 102, Chesapeake & Ohio con
vertible 4 l-2s. Orefeon Short Line as
at a new high around 96 5-8 and
nn rbor 4s up a point to then- best
of 1921 were the leaders on the other
s'de. ,,
Industrial bonds were generally
sleadv. United States Rubber 7 l-2s
at 105, the Marine 6s up about a
noint to ear 91 and the steels were
notably strong. The tractions were
slightlv reactionary and the coppers
showed strength. New York Telephone
6s fell below 101. Tire issues were
firm The strength in Wlckwire Spen
cer Steel Spring was due no doubt
to the report that the company is
operating about 75 or 80 per cent of
caT?,Dt5hsavv over-subsriptfon of 'the
netv issue of Warner Sugar Refining
7 per cent twnty-year bonds offered
at 96 1-2 was announced soon after
.tiMi or ine boohs mm "wiunij,
Open High Low Close
16.85 17.08 . 16.78 16.S6
16.92 17,23 .16.78 16.9?,
17.01 17.31 J 6.90 17.0.-,
. . . . . 16.87 . 17.18 16.81 16.92
16.45 16.75 16.16 1 6 52
OKLEAJVM SPOT COTTON.
Orleans, Dec. 9. Spot cotton
and unchanged: sales on ihe
spot 231 bales; to arrive 3.222.
Low middling 15.00; middling T7.00;
good middling 18.00.
Receipts 3,026; stock 405,504.
the
Tf ia likeiv tnat me ,vvu,uvu
1.00 Products 7 per cent notes re
nnrchased bv the Guarantee
win he offered publicly to
morrow. About the first or tne
there is expected to be some
Canadian provincial financing m
.- -i-rir markBt. One orTering
I. ;,,, o nf J3. 800.000 Province of
To
year
new
lli-will
LIVERPOOL COTTON.
Liverpool, Dec. 9. Cotton: Soot, in
creased deVnand; prices steady: good
hiddling 11.75; fully middling 11.35:
middling 10.95; low middling 9j5; good
oidinary 820; ordinary 7.45.
hales b,000 bales.- including 4.800
American. Receipts 1,000 bales, no
American. -
Futures closed steady. December
1.1.02; January 11.04; March 10.92: Mav
iv. ; jury iu.b; September 10.28: Oc
tober 10.10.
STATISTICS.
YV eekly cottan
WEEKLY" COTTON
Liverpool, Dec. 9
statistics:
Total forwarded to mills 50,000 -bales
American 36.000.
Stock 940.t00: American 561.000. ..
Imports 114.000; American 88,000.
Exports 4,00; American 3,000.
New
ciosed:
second
second
fourth
9t.9S;
LIBERXr BONDS.
York, Dec. 9. Liberty bond3
3 l-2s. 9f.70; first 4s. 97.10 bid;
4s, 97.00; first 4 l-4s, 97.i56;
4 l-4s, 97.06: third 4 l-4s, 97.62;
4 l-4s, 97.36; victory 3 3-4
victory 4 3-4 99.98.
COTTONSEED OIL.
jew York, Dee.- 3. cottonseed oil
closed firm. Prime summer, yellow
8.50 to 8.75; prime crude 7.15; Decern
be.' 8.54; January S.71 ; February 8.80,
March N.a4: April .; May u.ia; June
9.20; July 9.36.
Totla sales 13,500.
SUGAR.
New York, Dec. 9. Raw sugar
changed at 3.60 for centrifugal,
cop, and 3.98 for old crop.
Refined unchanged at 5.20 for
granulated.
un-
new
fine
94
4
1 1 .
136
11
34
1 -r
31
97
?.
64'
52
26
109
113
26
14
29
IS
i
13
97
79
51
56
25
I -i
71
53
49
3S
2
79
1.8
1 12
79
10
46
O O
M -J
59
10
125.
ifr
52
38
53
83
62
49
6
38
S8
10
48
.39
124
29
133
1.1
11
82
' 65
7-8
1-4
7-8
1-2
3-1
3-4
1-4
7-S
1-4
3-4
1-4
1-4
Chicago, Dec. 9. Gossip that foreign
ers were bidding more rreeiy 101-
L'r ited States wheat tended today to
strengthen the wheat market during
the early trading. Initial quotations,
which "varied from unchanged to 5-8
cent higher, were followed by moderate
gains and then by setbacks to below
yesterday's finish.
Corn after opening a shade ore to
1-2 cent higher, hardened a little, but
later showed slight losses.
Oats started at 1-8 cent decline to a
like advance, and then became easier.
1-8
1-8
A
I " "i
1-1'
1-4
1-2
3-1
1-2
7-8
3- 1
5-8
,1-2
1
1-4
7-8.
3-8
3-4
3-8
7-S
1-4
1-4
3-4
1-2
1-
1-2
lr-J
3-8
5-8
1-2
u-8
3-4
j ;
1-2
Higher . quotations on
firmness to provisions.
Corn closed firm 3-8
to a shade advance.
Wheat closed firm, 1-2
net higheii
hogs have
cent net lower
to 1 1-4 cents
asked if
he were not the same man he had pre
viously sentenced. Being assured in
the affirmative , the court indicated dis
pleasure that its former leniency had
been so grossly violated. When the
iurv . convicted him in tViic o,irnr,l !
case. Judge Ray slapped a sentence of
three more years upon him.
Furr has t. large- family of children
ana one ot his older boys was indicted;
with him on the charge of selling the
whiskey to the two negroes, but he
was not apprehended. Another one of
Furr's boys has served a sentence on
the gang.
Chicago, Dec. 9. On a bill of com
plaint filed in Federal court today,
Judge K. M. Landis. issued a tempora
ry restraining order preventing the
United States Railroad Labor Board
from issuing a decision against .the
Pennsylvania Railroad in their recent
shop controversy,
The bil! is the first legal action takct
agi'inst the Labor Board in Fedca
court. The petition of the carrier re
suited from a citation to appear befor
October 20, when the. board, listened tc
the road's reasons for declining to car
lv out a board ruling, direc-tjng the car
ner to hold -negotiations .with their
ployes over shop rules.
em
GERMAN COMPETITION
WIPES OUT INDUSTRY
CHICAGO CASH GRAIN.
Chicago. Dec. 9. Wheat, No. 2 dark
northern 1,26; No. 3 dark northern
1.20.
Corn, No. z mired 49 14 to 49 1-2;
:'c. 2 yellow 49 1-4 to 4 3-4.
Oats. No. 2 white 36 to 40 1-2; No. 3
white 32 3-4 to 35.
Rye No. 8, 84 1-4.
Barley 53 to 58.
Timothyseed 5.00 to 6.00.
Cloverseed 12.50 to 18.50.
Perk nominal.
Lard 8.70.
Ribs 7.25 to 8.23.
CHICAGO
Chicago;
WHEAT
May . .
July . .
CORN
May . .
July . .
OATS
May . .
July . .
PORK
Jan.
LARD
Ja n.
May . .
RIBS
.lan. ..
May . .
ST
St. Louis.
.20 to 1.24;
Corn, No.
1-2.
Oats.
No. 4,
GRAIN AJfP
Dec: 9. .
Open High
PROVISIONS.
Low CIos
WATSON OFFERS
j n onuniiPii irom j-age unt.i
i trial that the- -officer shot the soldict
1 without provocation whatsoever."
"Do you want Colonel Roosevelt call
ed as a witness?- the .Senator ,was ask'-
"No, I .w-puld. not embarrass him."
Senator Watson said ne had 'no wit
1 esses to present today, adding that h--
proposed to try the .case on the Hon
or the Senate.
Senator Shields, Democrat, Tennes
see, told the Senator, the committee, wn?
not g-oiif? into irrelevant matters, but
was determined 'to give him a fair
hearing. .- "
"From the time I came into this room
I felt the committee had prejudjred this
case in secret session the Senator
shouted. - .'. 1 . ' ;.
"That statement is absolutely .with
out foundation." Senator Shields shot
l ack. ". : ' K
As the officers retired. Chairman Bran
degee asked Senator Watson if, he'Vant
ed the audience ..driven- out. "
"No indeed," he said. "These officer'
factories were being closed, due enth-.sat there and eyed hie with an insolence
ly to imports from Germany. He gave that aroused my Southe blood. I beg
Washington, Dec. 9. German com
petition has wiped out one of America's
wartime industries, the manufacture of
chamoisette gloves, former Representa
tive Littauer, of New York City, testi
fied today before the Senate Finance
Committee, in urging a higher rate on
this class of gloves which is manufact
ured front cotton.
Mr. Littauer said the Aemrican man
ufacture of this article began after the
war started and in 1917 the industry
was turning out 12,000,000 pairs an
nually. Charles C. Ormsby, of Waterford, X.
Y.. a manufacturer of the favric from
which the gloves are made, said his
,14
03i
1.15 ti
1,04 Ts
124
01
15
03
54 535; 54
56 '56 55 56
38 3S 3S's 38
39 38 3S"t 33
15.03
8. SO 8.80 8.75 8. SO
9.22 8.25 9.15 3.22
7.75 7.80 7.70 7.77
8.10 S.10 7.97 8.05
LOUIS flRAlN.
Dec. Wheat. No.
No. 3. 1.13 to 1.17.
1 white 49 1-2; No.
red
4.9
No.
34 1-
white 34 3-4 to 35 1-2;
it as his opinion that, even if the manu
facturers of the cloth furnished it fre2
to the glevemakers the latter could not
compete with German manufacturers,
as the cost of the glove manufacture
in this country exceeds the total cost
of tl:e making of both cloth and gloves
in Germany.
DEATHSFUNERALS
CALVIN M. BORUM.
Winchester. Va.. Dec. 9. Major Cal
vin M. Borum. 81, widely known South
ern Railway traveling freight agent,
and Confederate veteran, died, of pneu
monia early today at Strasburg.
j Livestock
Curb Market
Bv STUART P. WKST
Staff Correspondent of The News.
Copyright. 1921, by New Publishing Co
New York, Dec. 9. An increased sumolv
of stocks from commission houses, coupled
with selling by some 01 the professionals,
caused a heavy tendency -o nthe curb ex
change today. Dealings were much smaller
but there appeared to be a withdrawal of
nearby bids for some stocks with the re
sult that the moderate offerings were
sufficient to force prices downward.
The high-Driced shares were the chief
sufferers, Prairie Oil and Gas a one time
showing a loss of 25 points. Standard
Oil of New York yielded several points
but tarty heaviness in Standard Oil of In
diana was followed by a steadier tone
later in the day.
bimms petroleum, wnicn has been one
of the leaders in the oil group, resisted
the general tendency. Tidal Osage was in
good demand and arose a fraction. Anglo
American Oil was steady but others., in
cluding Imperial Oil of -Delaware,5 Mara-
caibo and the Cities Service issues, Work
ed lower. Most ot tne low-priced issues
were comparatively well maintained due
to the activities of some of the floor trad
ers on the buying side of these stocks.
Profit-taking was noted in some of
the motor shares. This was especially
true of Durant of Indiana, which went
down on selling by those who were most
prominent on the buying- side when the
stock was introduced several-days' "ago.
The old Durant Stock alsv was heavy, but
selling orders were small The coal stocks
were irregular with Southern Coal and
Iron, Glen Alden and Acme steady, while
Farrell Coal and Burns Brothers is were
heavy. Swift International attracted at
tention with a sharp advance, which Was
caused by short covering a sthe result
of the statement of the vice-president de
nying recent unfavorable rumors of financ
ing.
Activity was displayed in some of the
mining shares with Boston and Montana
and Kureka Croceus the leaders, irregular
price changes were noted but there were
more advances than declines in this de
partment.
Bonds were less active tnan in some
time. The tone was uncertain.
Copyright, 1921. by New Publishing Co.
union Stock Y ards, cnicago. uec. 3.
Receipts were comparatively large m
ali branches of the livestock trade to
day and. with the strike silll ham
pering the market somewnat. it was a
little late before sellers were able to
send any cattle to the scales. Hogs
were quoted at tne weeK s nign doku
foi light grads. Less than 3,000 west
ern cattle arrived at the local yards
during the week. For the season
thus far. about 142,000 range cattle
have reached tms market, against. 91,
CC0 the corresponding period last year
ano 4a2,000 m
Fresh supply of livestock tor im
local yards were placed at 5,000 oattis.
2S.O0O hogs. 17,000 sheep and lambs
and 1.000 calves.
CATTLE: Cattle trade snowed
strength for good stutf and even
plainer lots bt steers were steady.
Steers weighing 1280 pounds sold at 59
while 1400-pound lots went at 58. jO.
Prime yearlings were, Quotable at
$11.50 to $12 at the highest point
for the weeK. uooa cows soio iuiiy
ste&dv. but eanners were naro to sen
at weak" prices. Good bologna bulls
sold .strong with bulk going at 5
to ?3.50. Calves were higher. Packers
paid $9 to $9.2o for choice vealers wru
small lots up to .$9-a0.
HOGS: Light hogs were 10 to l
cents from the start but few heavq
lots sold early. Demand was stronger
late in the session and, some, sales were
up 25 cents.. . Heavy -butchers sold at
56.7a to 5 1 winie, some or- nc ue
light lights: wen tover at Si. 40 t
7150. The trade -was active tiom
10 to 25 cents higher at the close.
SHEEP: Lambs were generallv
steady. Choice lots sold at $11.2j to
$11.50 but few strictly prime lamas
were.' on sale. Best were --quoted at
$11.75. Choice ewes made jb on a
strong market. -- -
ARMS DELEGATES
(Continued on Fajre Thirteen.)
ment on the naval ratio and further
application of the American "four
points" to China, were accepted here as
further emphasizing the inter-dependence
of the negotiations on those prob
lems, and as supporting the opinion
that they would bs advanced .simultan
eously to the point of a general tinder
standing on all. Separate treaties and
agreements then would remain to be
drawn up to cover them.
Definite word was awaited from the
French Government today as well as
from Tokio as to acceptance of the prin
ciple of the proposed four-power treaty.
An early favorable response from
France was looked for in reply to the
recommendation of its delegates that
their Government accept a place in the
new arrangement. The British Govern
ment is understood to have already ac
cepted the proposal in principle, and
the American delegates have proceeded
to the point of indicating a willingness
to discuss details.
Cotton Opinion
the pardon of this committee."
Senator Watson said he had a number
of witnesses he wanted called, but had
no power of money . to bring, them tc
Washington.
"We will summons all the wmitnesse:
you want," Chairman Brandegee re
plied.
. The committee decided at its execu
tive session .to hear Colonel .Bathe!.
Major, Cocheu and other at ray officers
at the sesicn tomorrow, if they desired
to appear. '
Chairman. -Bra; degee.- indicated thai
efter the meeting tomorrow the com
mittee would recess for a week tc giv
time for examination of the -voluminous
documents presented by Senator Wat
son with a- view to determining wlia
witnesses were to he called. Fxamina
tions of the letters filed today by Sena
lor Watson showed that they viatcJ t
many charges of brutality on the pai l
of officers toward privates. The letter?
included one signed by Anthony Melle.
of Lowell, Mass., declaring he saw twe
men hanged by the military police of
the Twenty-Eighth 'Division at Is-S'tr
Telle, and that the victims were Claire
Blodgett. of the air service, and Johr,
Cuthey, of a labor battalion. The ad
dresses of the men were net given.
Albeit Melle. of Philadelphia, wrot
Senator Watson that he saw a soldier
bayonetted and clubbed to death,. while
Marion J. Wallis.' of Athens, Ga., said
he saw a sick soldier at Camp Wluvlor.
Georgia, knocked down ; and killed.
A Word to the Wise
New York. Dec. 9. Local and uptown
traders today thought that the market
was entitled to a reaction from the rally
i thas had and were encouraged to put
their theory into practice when the fig
ures for takings for the week proved less
swollen than ha dbeen suggested in some I practically
quarters
for last
though heavily, in excess of those ttstinal ailments, including
year. It still . seems that fewjt;.. one dose will convince
"In March I. was called to the bed
s:de of my sister in Brewtoh. Alabama
She was given up to . die and was al
most dead. Talked in a... 'whisper
Doctors said nothing but an operation
would save her awd she was too wt.uk
for that. Her color was yellow a3 a
r-'impkin and she was .filled with gas.
That d;iy I heard of JSlayii'js Wonderful
Remedy and went and got-a bottle iiv
her. In three weeks she was able to
be about and walked a mile to church.
I am praising your medicine to every
one." It is, a simple , harmless prep
ar ati on that -J, r emovea 4 the . catarrhal
mucus from the intestinal tract and
allays the inflamm'atiori'" which' causes-
all slomach, liver ana m-
appendiet
or money
EXCHANGE.
. 9. Foreign
ex-
NEW YORK POULTRY.
New York, Dec. 9. Live poultry
firm; chickens 23 to 26; fowls 23 to
31: roosters 16; turkeys 35 to 40.
Dressed poultry firm; unchanged.
CHICAGO POULTRY.
Chicago. Dec. 9. Poultry, alive
er; fowls 14 to 22; springs 21;
37; roosters 15.
low-
turkeys
New York
silver 64 1-4.
SILVER.
Dec. 8.-
-Foreign bar
dollars 48 3-4.
foheig:.
New York, Dec
cliance irregular.
Great Britain (par ?4.Sa 5-8 per
pound sterling): ' Demnad 4.10; cables
4.10 1-2; 60-day bills on banks 4.07
France (par 19.3 cents per franc J
Demand 7.66 1-2: cables 7.6
Italy (par 19.3 cents per lire): 'Do
many 4.36 1-2: cables 4.3i.
Belgium (par 19.3 cents per franc)
Demand 7.36 1-2: cables l.it
Germany (par 23.8 cents per mark)
Demand .50 1-2: cables .ol.
Holland (par 40.2 cents per guilder)
Demand So. 83: cables oo.sy,
Norwayv (par 26.8 cents per krone):
Demand 14.50.
Sweden (par 26.8 cents per krone):
Demand 24.08.
Denmark (par 26.8 cents per krone);
Demand 18.90.
Switzerland (par 19.3 cents per
francl: Demand 19. s".
Spain (par 19.3 cents per pesota):
Demand 14.28.
Greece (par 19.3 cents per drachma),
Demand 4.15.
Argentina (par 42.44 cents per Ar
gtntine pauer dollar): Demand 32.87
Brazil (par 32.4o cents per paper
m lreisi: Demnad 12. 3.
Montreal (par 100 cents per Canadian
dollar): 92.
CHICAGO livestock:
Chicago. Dec. 9.
CATTLE: Receipts 5.000; .active;
beer, steers,., fat she stock and buns
15 to 25 cents highei; good louo-pouna
steers 9.00; top yearlings early 9.3o;
btrlk beef steers 7.00 to S.00; eanners
and cutters slow; veal calves 25 to
50 cents higher ; bulk ... vealers 8.0O 10
9.00: stockers and feeders strong.
HOGS: Receipts zs.oo; - active, io
to 25 cents higher tnan yesteraa.". s
average; mostly ' 25 higher; butcne;-
hogs up most; two 01 smaner ioc.u
houses in market: top 7.50 on light
lights: bulk 180 pounds and down; 7.20
to 7.50; bulk, 200 pounds and up 6 SO
to 7.15; pigs 10 to 15 cents higher;
bulk desirable 7.40 to 7.50.
SHEEP; receipts li.ooo; killing class-
. jr . 1 1 .
es opened steaay; some iai lamus i:-
ure 25 cents higher, considerable qual
ity; fat lambs to packers and shippers
11.25 to 11.50; best not sold; piam
I-gh
6.00.
are disposed to buy on anything but sen-
sationally bullish news and prefer to turn
their blind eye on any favorable advices 1
pointing to a gradual return to something i
like normal pre war consump tion which !
all know would leave enough a tthe end j
of-the season for only the scattered pro-,
fection of the trade over the gap be- i
tween the crops. Exports 52,000 bales.
Sales of print cloths in New York and ;
fall River combined were much in excess !
of half a million pieces and would have
been larger it is said but for increasing !
firmness on the part of holders. The fact j
however, that cotton was up half a cent 1
and that the Irish situation looked for
the moment a trifle dubious obscured all
such facts as well as the probability that
if the entire visible supply for this season
were bunched together it would hardly
reach 14 1-2 million bales of actually com
mercial cotton with a prospective con- j
sumption of around 12 1-2 million. The 1
market however cannot be talked up and I
until the trade for some reason begins to j
feel that they should have more cotton
prices will wabble around these levels
and buyers - should wait for recessions!
and not overlook fair profits.
POST & FLAGG.
tyearlings 9.-25; ; wethers 6.75; eves
SAVANNAH NAVALi STORES.
Savannah. Ga.. Dec. 9.: Turpentine
firm 73 1-2; sales 150; receipts ;
shipments 184; stock 12,171.
Rosin firm; sales viv; receipts i.dji;
shpiments 1,141; stock ti,zis.
Quote: B D z.vv: r ex .;; 11 1
4.00: K 4.65; M 5.05; N 5.30; WG 5.60;
WW 5.75.
NEW YORK PROVISIONS.
New York. Dec. 9. Butter firm;
creamery, higher tnan extras 10 10
1-2: creamery, extras, la -j; creanuery,
firsts 38 to 4 4 1-2.
Eggts firm: Iresh gathered, extra
firsts 62 to 65: do, firsts 56 to 60.
Cheese steadier; average run 20 to
2i 1-2.
CHICAGO PROVISIONS.
Chicago, Dec.
creamery extras
standards 38.
Eggs unchanged
9.-
45
-Butter
firsts, 3
higher;
to 13;
refunded. Sold by Jo:in S. Blake Drusj
Co.. and druggists everywhere.
HOW TO INVEST
IN
COTTON
What you should know
absut Cotton is contained
in our Booklet No. 31. by
RANDOLPH ROSE, JR.
Free on Request
ROSE & SON
Cotton Stocks Grain
24 STONE ST. NEW YORK
IVire Connection -in
CHARLOTTE, N. C.
BROOME & BURKETT
2WA W. Trade St.
1 .
Start a Bank Account
lust now in the cheerful, carefree season of the year, let not your
thoughts wander away from ..the serious aims of life.
Take a few dollars and lay the foundation for a prosperous future
&y opening a Savings Account in this bank. We will add 4 per cent
at regular intervals.
Charlotte Bank and Trust Company
214 East Trade Street.
SI. A. Turner, Pres. W. R. Foreman, V. Pres. J. II. Leech, Cashier
-J.1
Ut) AIL -' - -r - 1 - - '
Alberta bonds.
Mexican