THE CHARLOTTE NEWS, CHARLOTTE, N. C, TUESDAY AFTERNOON, DECEMBER
13, 1921.
.. . t
LIVESTOCK
( URITIES THE
MARKETFEATURE
Many Issues of Stocks Go
into Now Hisrh Ground
for the Season.
I!
t M IV
.III
"I
N i l AIM' V. W VST.
orrNiiiilrtlt of The
'!'.' I . by New I'uldishiiic to.
!v. I ; '. 1 Interest which
.! r-u e rday !n the seusu-
.-:m ir oi" the exchanges t.j-
ned i tli security markel.
,:i ;"u i!i is was I wo-fold, in
i';i ' i lii"1 ad va nee in iU.i
w.i- mmI maintained, 'out.
,i i ! ii e was every evl
i ui'tiu n had been consiu-
pe: at ed by sppcil la t ion ,iii.
i.n. In i he set oriil placi 1 ic
U"! it eK grew much more
I
w
a id
a ..
1 he ltssi-
! ;it-t
ios" wlij.'li
i i n ; 1 1 i s s i o i ,
past. Il
and hro. .1
li ter I in-.
1 1
en
;i( n n led
IVi'rkv
& i i e
I Dllf
a :
v h i
e.-u hit
round
ivt
fo lenders ive:i,
the reason.
!! I"l!d
lis 1'i.MIU
I VH.'-
ra; ion.
! be
,..
;i ion:-',
lll'V -
continuing
il ha-- bet-n
nion i n or
t here ha e
ue is 1 1 1
.1 I''
t VV
nio
iei n
o e ;-
l i.lOi.t
v?v
: I 1 1
liHIs ill.es
k re tit i to
.i e e ;y
e; :nt V!f.L
ie
a
con ti deni-e t
na i
a boom .mi' :i
period of i e.i
linos of ili,'i;.-.
iae more l e
idt
i two others of i!i.'
OiK- is Hip un;ni.
turii in the Kurope.v.!
.1.1'.. the other the ticu.iii
:;i'' Washingion coni'er
i'i.i! these promise for
' ; I - iiei n ' of the world.
the strensrh of .'?ovein
.'i one of the notable i't;,
iiiaml for t lie Japanese
i the highest pr,. ?s
i-.! 'iic was quite a
.iii'l Italian bonds--'
."!!!;. Mil group wht'-l-,
; 1 1 1 o
line xvita tu"
5 ri.se.
: standpoint irn.
ibiy plain. Vhc
san i' :.hv i lians'i
las hfen in th
.-rr:ist
; to atiy extern. tone
'', !.as been no opporti'.niiy
.- hi en a desire. to
- o !i lio'.ihi by wet"!.;
.t id peci;latr-e syndicates
a durius' the eat ly
r- v.:!;i!y. a pood part of r.ic
h:h'wed itself to be inllu
.e suggestion that the urst
-. of December 'nas often
-c::i3'1.v been a pe.-io.l
; 1 ; ;-. The aet ion of i.ne
-f;: misread so that tin.
'.'- 1 :'.i nioti I - been d.'.iwn
:'v;i! d mo eioetit liad
- a'-o and tha t t h
individual stocks was
in .-over important real-
- ' l. r.s id era hie short 1m-a-owing-
.up and !t
' "ii '!: ;" i "ti ' iied the hujj
h'Wy'- advance. Whl'.i
l. a and the Pan-Amer-new
liigh prround the
lo'.k to its heels 3:i oth-?:-eoitipnients,
steel''
f the .Mexican oils the other
. all stocks which have
si professionals to tell
ii. i .o'jomotive. f!ethlehem
iv't-lf -ieel and U. S. Rubber.
: ii purchases ran their couraa
aCrenioon and then the gen-
canie to a stop. After an in
:nparat.ive dullness prices slid
-'. '!'";r but still not enough
a'.r.
e industrials to offset
.s. i:
idwa.v stocks rallied
ir regular dividend was
'o and Northwestern but
late trading when the
ih'jr reappeared in St.
I prefferred. Pnnsylva
- -that is. the stocks of
not earning: their fixed
I .ri
11!'.
:.;: felt the depressing influent'e
--:-! t report with its astonish
..'&:.cy between thi estimates of
ere;' and the unfortunate guess
-:' heat prices broke again.
'! that the reparations commit-t--.
'.lermany permission to
'-' " ' : . u ui long: term loan on
f its customs Was not sutft
' i i. 'i to have any effect. Ger
i'J w-i ;. down with the other ex-i'li.-.
was still the utmost diver-i'ii-i"ii
regarding tlie cause of
's :ia tional advance of rates
; -irone, Inmrovement in economic
; h; .i tlie vastly important poli-
io'iiiu-nts on both sides of the
:'' stih sr-t down as the principal
i't ii' th- same time it was
Mi at ilermany was convert-ii.-r
i.ahtnes where they still re
1 t--.iir;g. f ranees and the other
- "-'ni -h arc a cheaper form of
1 apainst the coming indemnity
K Umiv MO.VEV.
I "" 1 3. Call money
' low 5; ruling: rat'.-
I ! I--; o fife red at o; iaoc
a c-i i list
's fi rjner:
5 to
lorraritile
acceptances
4
60 days, 90
paper 5 to 5
da;
1-4.
Nl VV to UK POL I. TRY
" ' . nf. i :
' . k e ri s L' J to
s t" to 4.1.
-Liv poulti
1; fowls 20 ;
-"" j.'O'i ;t ry firm: western
' tnrkeys 53 to 55.
chick-
in High Quality
mg Materials
ait Don't
Kive up in
'flfa of a
composition
'"iigie because it costs
little more th mi linllil
"iprs two savings that
"""" 'liati offset te differ
"i initial cost. A compo
"" roof reduces your in-
minimizes your
'"I'i'if hills.
Invesigale before
,ril deride.
Luber eoitiDany
Bouleva
knes 3472-3473
EVERYTHING
KjTARKET QUOTATIONS:
"i x EfrvaiST
I
Features
Bt ST CART P. WrT
topyrlsbf, 18ai, by !Sn. I'nblUhina
bltsnin Co.
iiexicx oils.
i professional tra-Jing stand -
ability of Aleviean PoivnUv v,
from
point tii
" set
through !ts November bie-h ..,-!
later us
much
it. self
'ond
-.-wnd tun a iso was or
.".yunmivt; not oniy ror tlie stock
but for the entire market. Be
eertam rather vac-n r.,iv .ji,.,, ,
new oil
Wells, t hpr i i-. n k ; . : .
-"ean petroleum- situation. Hii!.t
alons i here has been a sleeping -muu-'
u tcrest hi both Mexican Petroleum and
tlv- Pan-Ar.).erkap.s. The divider-is
u"1'- off Uiese stot-Us on Fridav ne;
and wnaL apparently happened " t o lav
wh- ihai some of t!i shorts dec-id. -'l
l.. lIlev did not wish to have these
d.viccMids charged up asainst taoi.i.
Mni'l inn -:. m
;, .'"' ""e -sorr or nu
in-
-i vnaii on move was
ed into a bear rout.
eventually tu
- oi)'e-i . .in.- ttiui ni
i'onlinue.1 to forae ahn l
Mtins snaies
as they have
oven doing st.ead
:i v
for a week or
moi. past. There
spectacular about
olfort to mark no
movtmeirt g-ave th
ine accumulation
was nothing- at .ill
their advance. ,:o
prices. Uather the
impression of gei:;i-jjoing-
on. Chilo
Copjer was the
a stroiiE- nool at
real eaue: There 's
Tl-ill' .- ill ('lii!
t'oppc'
vm mull imporrant tiian tins was
evdence. that a larne outside follow
I
111!
nems' attracted larg-elv on ai-coa.it
o. t lie low prioe of the nharc-s. A
t mark of a well known copper opor.-t-tor
was -o:nc the rounds todav. AskeJ
wl.-.cii were the best biivs among- the
coppers, he nicked out Oiib'e. ICem:--eotr
and Braden. lnsoiration
i nroug-n 40 ror the first time and Cl.ra
tr.tousn jy. 1 nere was unusaal
acttv-
ity at
sha res.
adva ncina'
prices in
liutte and
tlie zinc
Superior.
and Zinc.
esrie. ia ! i v
and the Little finite Copper
HI B Ft t: It
VIOCK
r.ubbei
asain in
and lire shaves were bid
inriner response t tlie an-
it'.'Ui'cenieiTt.
yesterday that tlis orice ,.f
crude rubber
has risen lo 21 -2 cent
t pouno. tne nignest ot tite year
a recovery of ten cents from
lowest. This advance of nearlv
a nd
ti.
30
per cent means of course a great deal
for the inventories of all these com
panies. Most of them had written their
crude rubber on hand down to 17
cents and some of them lower stili.
i ue vise oi the last month. w;i),
inereiore. make a conquerable differ
e?:ce when it comes to the rubber
concerns balancingr their books for
their annual' statements.
MERCWTILK M 4RIXE.
1 iiternational Mercantile Marine di-ectoi-s
will meet on Thursdav to taka
action on the preferred dividend. One
to tlie sharp rise which Marine nro-
ferred has enjoyed there are some peo
ple who think that something- will be
paid on account of back dividend.;.
Put fhse in iose loueli with the affairs
ot the company say that on'lv lr
rcsular dividend at. S 1 . 5 1 will be d--clared
at this titne.
RAIT.UO.VDS SETTLING I P.
'I'fie equipment situation is continuing
to undergo changes that affect the
nuMiufactu rinp companies favora'olv. Tt
i' 'earned that several of the rail
roads which have been debtors of the
equipment companies are settling- i;r
t'neii long- outstanding accounts and
that the last payments will be com
pleted by the first of, the vear.
ANN ARBOR.
Fes. hilling Januray 1. the Ann A:
Hailroa I will set aside daily an ,
ottht" stifficieii l to "pay ' "icidonds on
preferred stock. It i3 understood
itn
i ii
the
nian is to accumulate tne casii a year
in advnace to assure steady payments.
The road is in excellent physical con
dition, has no floating debt and now
that negotiations have, been . completed
with the Pennsylvania whereby the Uit-te:-
has the use of the Ann Arbor a .
minal facilities at Tolerlo. fori v per
cent of the fixed cha.rsres will be
covered by rentals. Latest earning
statements are at the annual rate of
o et S per cent on the 5 per rent pre
ferred. There is some reason to be
lieve that one of the larger svstems
migbf be willing to take over the Ann
Ai bor.
Curb Market
By 8T i:ST r. WEST
StIT Corretipondent o The Ntv.
Copyright, 121, by Xer lubUabinC Co
New York, Dec. 13. The curb ex
change was less active lodav. There
was some hesitation at the start but
before the end of the first hour, the
commission houses came into the mar
ket with luying orders especially in
the Standard Oils, and this improved
pentiment among- the professionals who
became active again in their various
favorites. Si nuns Petroleum was the
leader of tlie independent oils, getting
back to within a fraction of its recent
high mark. However, the market did
not move as a unit and while some
stocks were advancing others re
ceded.
Imperial Oil of Canada was in active
d'mand and rose several points ar.d
there were upturns in Anglo-American
.Oii. Standard Oil of Indiana. Standard
Oil of Xew Vork and Arkansas Xaturla
Cas. On the other .hand selling pie..:
sr.re wsj ' in evidence against Tidal
Osage, Salt Creek Psouc-in. Ryan Pe
troleum and Imperial Oil of Delaware.
In the latter there were a. few bids
in the market and moderate selling
oTders caused pronounced weaneas.
Southern Petroleum was steady.
The miscellaneous stocks were v,i
rtoble. Burns Brothers B moved off on
small buying orders. Acme Coal and
Soul hern Coal and Iron held about
steady. There were several sales of
Reading: rights at .19. V'nited Retail
Candy was slightly higher and so
v.as Amalgamated Leather. Ifavdei
Chemical was the weak soot, selling
elown to the lowest touched in a long
time. West Knd Chemical reflected
th discovery of new borax deposits in
Oregon.
There was fair activity in Hie mining
group with chief . interest again cen
tered in the low priced shares, Boston
and Montana, Kure!ta Croesus. Canada
Copper and Magma were steady to
firm while Xipissing and Big L-edga
were easier.
Bonds were in fair demand bjt
price changes were small. There was
sales of the Xew York City .4 1-23
vhen issued, at a- new hh record.
j Dry Goods Market j
By ST CART Z WEST
StalT Correspondent of The Xens.
Copyright, JSMil. by News Piihllahiux: Co.
Xew York, Dec. 13. Trading in the
gray goods market was almost, at a
standstill this morning as a result, of
the- drop- in raw cotton 'on the govern
ment estimate yesterday afternoon.
Biivers showed a disposition to w.itth
raw cottoi for a few days, hoping- for
freer sellinff by the mills. The coni
plalpt is heard that, the mills boosted
priced and were relyctant sellers die
n.oment buying started. As showing the
dtmand, inejuiries were in trades tinder
way for million-yard lots of narrow
and wide print cloths and convert'ii
Specialties when the drop in cotton
came yesterday. One large 'convener
expresses the opinion that business is
sure to be better if gray goods p.icts
can be held steady.
CHICAGO POTATOtaS..
o.'hicago. Dec. 13. Potatoes steauy.
Wisconsin sacked round white, l.Gi
to 1.75 c.wt.
Wisconsin and Michigan bulk round
white 1.70 10 1.80 cwt.
- Minnesota sacked round white 1.G5
to 1.70 ewt.
p WEST rr u Ti
COTTON STEADY
MOST OF SESSION
? - . i .. .
Scattered Liquidation, Sow
ever, Sent Prices Off ; New
Low for January.
Rr HTCA "H T P. WEST
Staff Correspondent of Tlie fr.
Conjrteht. 1821, for
Stroi Iub1iiUtns
-c jui., jec.. ij. ine unsettling in
.iuciivr ui yesterctay s .tiovemmen; crop
;rpoiL np.s, very . apparent in the act ici
cotton market; asain today. The
o mei en between the average trade
irciauon ot ..sau.uoo bales, and the. Gov
einments estimate of S. 340. 000 bales, re
presented no great additon to the. esri
maieo available supply. At the reevnt
rate it would not represent much more
man a single week ot the world's takings
oi .American colton 'ha r.iisnr not (.-
make much difference in the ultimate
auie oc t tie staple but ihe effect of the
es-umaje an dof the revised acreage ii
uies nas naa a very consumable effect
on sentiment. Jt. is argued that if in spite
of the low price early last Spring tha
strong propaganda for a reduction of SO
Per cent in acreage failed to bring about
an actual reduction of more than 12 or 1
i - win. ii is naraiy sate to assume
mat is cnt cotton would nor promote
Planting on a larger. Scale next season.
i ne opening was steady at art advance
of four points on July and unchanged to
nine points lower on later months. Houses
Miii Liverpool and other foreign connec
tions were good buyers. Private cables
iiere said there was active spinners call
mg m Liverpool and a more active busi
ness there than for some time also there
s a better demand tor yarns and cloth
in Lancashire. There was considerable
covering here and active months soon
couttcu iit-i sains oi a to it points out as
soon as the foreign buying tapered off
anu Liverpool closed there was a renew
ai or scattering liquidations which sent
t.ie price of January on to 16.90 or new-
low ground for the movement.
CHARLOTTE COTTON.
Receipts today, 46 bales at ...
if
NEW lORK MONEY.
New Vork. Dec. 13. The relaiiveiv
firm showing- of the Liverpool market
i-.rid more favorable British trade ad
vices gave the . cotton market a
steadier tone during today's early trad
ing. The effect of yesterdays unex
pectedly large crop figures and breaX
m ' prices was shown in the nervous
o- unsettled state 0f seii-.:n-ieiu and
dome southern selling was reported at
the opening. Liverpool was a gooi!
buyer of March and later deliveries,
however, while there also was scat
tered covering or rebuying. and after
opening steady at an advance of four
points to a decline of nine points,
active month? soon showed net gains
of 8 to 12 points with January sellLis:
at 17.29.
Liquidation .became more active and
the market was nior sensitive, to sell
ing orders after the lose of Liverpool
and the tapering off of demand from
r broad. After, breaking to 1.90 for
January there were rallies of 10 or
points o:i covering, but sentiment was
nervous and unsettled, and prices later
showed renewed weakness, with Janu
ary selling off to 16.90 and March to
16. SO or 32 to 38 points net lower and
into new low ground for the move
ment. Reports from the - domestic
goods trade indicate that business
pending yesteruav iias bee-n . -'ne. k.rt
by the decline .in raw material.
The market was less active and a
shade steadier during the afternoon
with January ruling around the lTctnl
level or IS points net lower.
tl.O; IEW YORK Kl'TCRES.
Xcw York, Dec
i:
-Cotton closed
nil.
Onen
. . . 17.40
. .. 17.10
. .. 17.08
. .. .16.94
... 16.60
Low
16. SO
16.S5
1 6.75
16.37
Clos;
17,35
17.20
17.21
17.21
16.75
cotton
Dec
17.40
17.29
17.26
17.13
16.7S
Ja n ....
Mrach
Ma y ....
July
NEW
YORK rOT
COTTON
Spot:
Xew York.
Dec. 1 S
17.65.
quiet; middling
NEW ORLEANS COTTON".
Xew Orleans, Dec. 13. After a hes
itating opening the cotton market tell
off today but at a level five to eleven
points under the close of yesterday
there was enough buying to cause a
...oaerate upturn and at the end of the
first half hour of business the tradii.g
montns were tnree to eleven points
m.mier man tne ciose or yesterday, this
nuying- appeared to be due to expec
tations of bullish November Ainerican
consumption figures from the Censi
t.uieuu tomorrow. January traded as
tow as i.:;6 and as high as 16.57.
. Heavy liquidation of Ions- contract.
set in and it gave the market a ve:
sen ton. I'resn selling for short
account was stimulated by the claim
that the. events of bureau dav had
Kiiiea any inquiry lor the actual cot
ton. Jn the trading up to 1 o'clock
prices went 29 to 39 under the close
of yesterday, to 16.01 for Januarj.
w nine more s-eaainess made its
appearnace in the aftepfioon and at
1:30 o'clock January stood at 16.23
w:ui lib nsr snowing losses under
yesterday's nal prices of 15 to 23 points.
The closing was irregular. Gov
ernment bonds were easier, but some
foreign issues continued to strengthen.
Sales approximated $75,000 shares.
CLOSE NEYV OI? 1.1:4 NX TTIJBKS.
Xew Orleans, Dec. 13. Cotton closed
very steady
5 points up.
at. net 9 points down and
Opn
Dec 16.39
Jan 1 fir4
March 16.52
Mv 1B.45
July 16. OS
NEW ORLEANS
fTirb
16.3S
16.57
16.70
16.60
16.2i
Tjow
16.00
16.01
16.22
16.17
15. S3
Closo
1 6.36
1fl.::7
lfi.59
It!. 50
16.17
Spir COTTON-
Xew Orleans. Dec.
quiet. 50 lower; sales
bales; to arrive none.
Low middling- 14.50:
good middling- 17.30.
Rereipts 3,022; stock
13. Spot cotton
on the spot IS
mjddling
396. 64L
16.o?
LIVERPOOL
Liverpool, Dec. 1
COTTON.
. Cotton :
ipot
e. met
prices lower: good mulcHm
fully middling 11.07; middling
low middling 9.67; good rod in cry
ordinary 7.07.
11.. 47
10.67
7.92:
Sales 5,000 bales, including
American. Receipts 2,000 bales
4,i 00
i.i-
cli'ding 200 American.
P'uturea closed nniet: Decembor
10.57; January- 10.5S: March 10.30-; Ma v
10.40; July 10.24i -October 9,73.
CHICAGO GRAIN AND PROY'ISJON?,
?'hicago, Dec. 13.
Open High Low Clos
WHEAT
May -.1 .12 1.12 si 1.11 's l.M"i
July 1.01 a 1.02i 1.01 1.01 74
CORN
May ...... 5:t n33 ?; ti, 52.t
July .. 5 4 i 514 54 4 54Ri
OATS
'May ...... 37 g 37 K 37 H 37 U
July 38 38 37 4g 38 li
PORK
Jah.- . . . . : - 14.90
LA RD - .
Jan. ...... S.67 S.7 S.57 S.60
May 9.02 9.06 -?.00 ' 9.05
RII3S
.Tan 7.55 7.55 7.50 7.50
May 7.S7- 7.$7 .T7 7. SO
SILVER.
Xew York,
Dec. 13.
Foreign bar
Silver 65 1-2.
Mexican dollars
49 3-1.
NEW YORK PROVISIONS.
Xew YorJr, Dec. 13. Butter unset
tled; creamery higher than extras 4 6
1-2 to 47fH creamery extras 45 1-2 to
46; creamery firsts 38 to 44 1-2.
Kggs weak: fresh gathered extra
firsts 59 to 62; do, firsts 54 to 5S.
Cheese firm: average run 20 !-'.
SUOAH.
New York, Dec. 13. Raw sugar
foi centrifugal. . 5 ,
Refined unchanged at 5.20 for
3.60
fine
granulated. .
CHICAGO POUI.THT.
Chicago. Dec. 13. Poultry, 'alive,
settled; fwls 1.4 to i2 1-2; pring3
turkeys 37; roosters 15.
uo
21 ;
FINANCIAL
or us
New Tr Gla.
Wall Street
, n'York- De 1 3 Aside from
the further strength of metals and th
heaviness 'of European oils, changes at
the opening of today's stock mark";
jn3isiiiiica;ii. ivaoing- was in
mouerate volume and ..only a few oi
"'i usual syccuiaine iavorites wer
quoted within the first half hour. Rovi!
Dutch reacted one point, while MexCai
Petroleum gained that ' much. Profit-
i" M"S ui me ieaunig- foreign ti
changes caused sharp recessions froi'
vestreaays substantial advances. Sterl
ing .reacted another two cents and tne
n-eucn. ianan ana Uernian rales wen;
lower o.,- six to sixteen points.
Shorts . rurhtd to cover at midJav
oi. the further rise of nils and metals,
Mexican Petroleum oxtendintr its. gain
to over five points. Maiir. do-.-iua.it
ltit'tzstries and specialties, potablv himi
LccomoTive. Chicago Pneumatic Tool
Actional Biscuit, and May Dfpartme.i
Mures rose two re iiire
NEYV YORK STOCK.
Last Sale.
Allis-Chaltiiers .
American Beet Sugar . . .
poin 1-
LIST.
39 1-i
2S
. . 33 1-S
. . 14S "
pr'd ;i8 7-8
P.. 41 .i-S
. , US 1-4
. : -is 3-s
. . 54 1-2
. . :;o
.'. 116 3-s
' S3 1-2
. . 49
. . 90 t -il
x. 32 :-s
.. 96
. 35 1 -2
. . r.S 7-s
.. 12.1
. . 31 f-."
..-.'.. 4K U3.
55 A-ff
. . 19 3-s
-. 3 '7-c
i "i'2S.. 7-3
' . . 25
' . . :! 1 -J
. . k i -
,7, 3-S
, lo 5-3.
... '18
. . 11 1-4
.. 75 1-2
.. 31 7-fi
.. 99 1 -i
.. 34 7-
. . 66
. . 5:: 5-s
-I T : O
..." los
12i 1-2
. . 27 5-S
.. M 1-2
- .. 28 1-4
. . 17 b-S
. . 73 1-2
' . . 13 1-2
. . 9S 3-4
. . 7! 1-S
3 1-S
. . 57 1-2
. . 31 -
. . 57 .',-1
.. 25
. . 15 5-x
. . 711-8
. .. 53
. '. 51 ', - S
. . 39 j-2
.". 79 7-S
-. . 19 -.
. 3 12 5-S
. . Si) ;:-4
. . 10 1.-2
. . 47 i-S
. . S3 3-3
. . 59 1-1
11
. . 126 1-:
. . 10 1-4
. . 52 3-?
. . 10 1-4
. . S4
. . 64 1-S
.. 50 3-4
6
. . 39 1-2
.. ss .
. . 41 7-S
..,49
. . : 1-s
. . ' 3S
. . 126 1-
... 29 7-S
.. 134 1-4
13
12 1-i
S :;
.. 67 3-8
American
American
American
American
American
American
America u
AiCi-ic-an
American
American
American
A v.aeouda
Ai'hison
Can
Car &: Pou ndry' . .
Hide Sr Leather
International f;or
Locomotive . .
Smelting air Ref.
Sugar ......
Sumatra Tobacco
T. & T. . . . .
Tobacco Sec. . .
Woolen
Copper
At!.. Gulf &. V. Indies
Baldwin Locomotive ..
Baltimore &- Ohio .. ,.
Bethlehem steel "B" . .
Catiadin.n Pacific
t'eutral Leather ... ,..
Chandler. Motors ' ...
Chesapeake Ohio . .
incasro. Mil. S- St. Paul
Iricaso. Jt. J. & Pac. ,
Cln'no Copper ......
Colorado- Fuel &. Tron ..
Corr , Products
Crucible. Steel . . . .
Ci'ba Cane Sugar .. ..
Erie . . . , ; . .
General Electric . : . .
Oen--r-al Motors . . i. .
Goodrich Co.
Great Northern pfd .. '
Great Xo-thern Ore ctfs
iliuois Central . .
trpiration Co.pifccr . . ...
fnt. Mer. Marine pfd ..
i te-nationa 1 Paper ?. ..
C( nnecott Copner . . . .
ioi:isville & Xashville
Maxwell Motors . . . .
Mexican Petroleum .. ..
Mi&mi CopDer .. .. ..
Middle States Oil . .
Midvale Steel ..
ssonri Pacific
?w York Central .. ..
X. Y X. f. & Hartford
Norfolk & Western .".
Northern Pacific ..
Oklahoma Prod. Aeftf.
Pan American Petroleum
Per. n sylvan ia
onle's Gas . . ......
Pittsburam A- W. Ya.
ly Consolidated Copper
Reading
Rc-p. Tron & Steel . .
Royal Dutch. X. Y. . . . .
Shell Trans. &- Trad. ..
StrcJa ir Con. Oil . .
Southern Pacific : . . .
So.fthern -Railwav .. ..
Standard Oil of X'. J .. nfd
Su debaker Corporation . .
Tennessee Copper ..
Teras Co
Texas & Pacific
Tobacco Product? . . ...
'ranscontinental Oil . .
Union Pacific
S. Food Products
Jnited . Retail Stores .. .
'. S. Ind. Alcohol ..
'. S. Rubber
Ttah Conner . . . .
W estinghouse Electric . .
Willys Overland . . . . . .
Puro Oil . .
Atlantic Coast Line ..
oca. Cola
Gulf States St"l . .
Seaboard Air Line . . . .
Sloss. Shef. Steel & Iron
Lntfed Fruit .... . .
irginia Ca.ro. Chetn. . .
American Tobacco'.. ..
American Zinc .. .. .
Invincible Oil .. .. ."."'
International Harvester
General Asphalt . . . .
I Bond Market
Br STUART P. WEST
Staff Corrrspnnl'-nt or The Nwm.
Conyrlff-M. 1031, by tv.- Puh1ihinr
Xe.w York. Dec. 13. The stimulus
forded the bond market today by
Co
af-
the
uuiiuiiueu sirengtn or tne loreign govern
mem. group, raised tne average of prices
ana auectea everey part of the list. Japa
nese bonds were in demand around their
top prices of yesterday and there waa
unusual activity in Chinese 5s which rose
about two points to AS 1-2. -A new high
was made by the Italian fi 1-2S. They got
up over two points to 93 1-2. Citv of
lokio us also, advanced sharply .and sold
at 68 for the first time this year. The re
action in sterling exchange was reflected
in the United.-Kingdom 5 l-2sof 1929.
These bonds dropped almost a point fitom
last night's final and .then regained-..sonic
of the loss. -The other jr.ember.s .of the
group were nrm. Liberty bonds rose
sugntiy. . :
Railway bonds were again irregular but
in the ma.in higher. Proniinent in the deal
ings was the acTlvity Of the. n'w Missouri
tvansas ana Texas issues. Adjustment Ss
and the secetnd 4s both struck high levels
for 1921. On the other hand a number of
the more speculative issues were weak
including Xew Haven 6s which fell over a
point, Southern Railway fivst 5s, Reading
4s. Lehigh Valley 6s, Erie general 4s and
Chicago 5s fell. off fractionally. Tractions
fluctuated considerabfy. " .
Among the industrials the copper and
tire issues were especially strong. Cerro
de Pasco Ss reached 115 tor the first
time this year and Chile Copper 6s ad
vanced about a half point. United States
Rubber 5s advanced about a noint. Mex
ican Petroleum Ss rose over a point. New
York City fifty year 4 1-2 per cent bonds,
to be offered publicly on Thursdav were
traded in on the curb around 104,
The reaction which has characterized
the bond market recently is generally con
sidered a healthy condition but it has in
no way affected the demand for new offer
ings. This fact was shown again today
by the quick sales of the $10,J25.000 AVil
son and Company 7 1-2 iper, cent gold
bonds. The profit-taking which has occur
red in the investment ' market has been
that of speculators, the amount of fresh
flotations today was comparatively email
but there are indications o neverv side
that there will be a great deal more new
financing in the near future. Municipal
issues featured the new offerings - today.
The $1,200,000 City of Lexington. ' Ken
tucky five per cent bonds went off satis
factorily. Hackensack Water Compnay-
will soon sen js.ouu.uuo nrteen year 7 per
cent notes.
CHICAGO
Chicago, Dec.
FKOY'lSlONS.
13. 'Butter
45;. firsts 35
easy ;
1-2 to
cieamery. extras
43: standards 38. .
Eggs lower; firsts
4 3 lo 45.
50; ordinary firat
JAPAN DISCHARGES
TEN REAR ADMIRALS
Washington, Dec. 13. (By the Asso
ciated Pres) In anticipation of a na
val limitation agreement, ten rear ad
mirals of the Japanese navy have re
ceived honorable discharge, according
to advices which reached tne Japanese
delegation headquarters today. Some
1.000 employes of the Muroran Steel
Company, which supplies great quan
tities of steel to the shipbuilfling plant
of the imperial navy, also have been
diEchareefl, the dispatche added.
; -jCURB
: E0ND3
CTOCEfl
Grain Market
Lpyright,182l,by
Xevrn Publishing C0.
Chicago. Dec. 13.
-Wheat market had
a neay tone today. There was not buch
Pleasure to sell as there was an indispo
sirinn In imv ti, . ....
i" ucn3u vuiion report)
of yesterrlav swainurl tr, 1.. h i.
to buy. The "bearish enttnn
which broke the bulls confidence. Xow
there is much talk of an upward revision
of the wheat crop and many big as well
as conservative men in the trade- would
not be surprised to see 40,000.000 bushels
added to the "final wheat figures The
ii use supplies in the United States and
Canada, the indifferent demand for wheat
both for export and domestic account
makes the bull side unattractive. Shortly
before midday a report that the alliens
had loaned Germany a billion dollars
caused a little bulge but this, it was
soon learned was a recommendation from
the reparations commission, was to be
loaned to assist Germany in making indemnity-payments.
Wheat premiums were
unchanged. Late reports indicated that
some wheat had' been worked for export
on the break. Sales of 5,000 bushels of
wheat were made to go to store. Outside
cash markets were weak, particularly
Winnipeg and Kansas Citv.
i "y-k vi . v, i - ' i . ...
, " . a neayy tone, selling was!
wnue tne nuying power was lim
ited. Cash houses bought December and
sold May. The domestic shipping demand
was not so good as of late while exporters
were out of the market. Countrv offerings
to arrive were light. Cash premiums were
unchanged,
Oats-were easier with wheat. There was
some selling of May hero against pur
chases in Winnipeg. Elevators bought a
little.- Commission - houses were tm the
selling side. Cash oats Mere easv. Shipping-
demand was light.
Provisions were easier. Liquidation bv
longs because of lower hoa and so"..
:hedgin presure were factors.
coin closed easy, at o-S to 7-S
net . decline.
cent
ChK-ago. Dec. 18,-i-Absence of buv
mg'orders Jefi to a--' material setback in
wheat. prices today during the eaiiy
trading. ..Opening quotations whi.-n
varied from l-S to 1 cent lower, wet
followed by a. further decline.
After opening a shade to 1-2 cent d'f
corn continued to sag.
Oats started unchanged to 1-1 to 3-S
cent'- lower, later showing a moderate
general decline.
Provisions were weak in line with
hogs and grain.
Wheat closed unsettled .1-4 fo i 5-S
cents net lower.
CHICAGO CASH GRAIN
Chicago, Dec. 13. Wheat. Xb"
l.06 !
No. 3 dark northern
Corn. No,
mixed 4i
47 3-8 to
1-2
4 8 I-
1-2
to
V. 2 yellow
Oats. No. 2 whit
white 33 1-4 to
Rye No. 2 84.
Barley nominal.
Timothyseed 5.00
Cioverseed 12.50
Perk nominal.
-y -
!6: Xo.
to B.oO.
to 18.50.
Lard
Ribs
S.60. to S.05.
7.25 to 8.25.
ST. ' LOL IS
Uouis, Dec. 13
1.22. to 1.23 1-2;
December 1.07 3
fJRAIN.
Wheat. Xo. 2
No. 3 hard 1.06
1: May 1.10 1-4.
48; December 16
34; December ?2
Si.
reci
1-2:
. Coi-h,- No. 2 white
5-4; May 51 5-8.
Oats. Xo. 3 white
1-2:. May SS.
Live Stock
Copyright. t21, by Publishing: Co.
Union Stock Yards.- Chicago. Dec. 13.
Receipts were cut sofewhat today in the
cattle alleys while the supply of sheep
and lambs also fell short of the number
on hand a week ago. On account of the
dull cattle, trade late yesterdav, sellers
bad about 4,000 animals held 'over for
today's market and there was little de
mand for these. Fresh steers were in
fairly good tlemand and sellers were able
to take back some of the loss noted at
the opening of the present week's trade.
Receipts of live stock at the local
yards today were estimated at 11,000 cat
tle, 53,000 hosrs. 14,000 sheep and lambs
and 3.500 calves.
CATTLE; Demand for cattle was ' in
fair shape after a slow start and some
of the best steers sold strong to 15 cents
higher. Comparatively few strictlv prime
animals were on hand however. The bulk
of good steers went over at $7 to $8
with some 1250 pound animals at $9.25.
Cows were fairly active at unchanged i
ieeis wnue canners and bulls again were
slawi Calf trade showed strength. Small
lots ,went to outsiders at $10 while pack
ers paid $9 to $9.50 for choice vealers.
HOGS : Values were mostly a dimef low
er but there was a fair demand for all
grades of hogs a tthe decline and sellers
were able to clear the pens in good shape.
Some of the small local killers were in
the market today showing some improve
ment . m the strike situation. Choice light
hogs made $7.35 to $7.40 while small
lots of rough packinug hogs went at $5.35
to $5:50. Bulk of good butchers sold at
$6.75 to $7.10...
SHEEP:. Lambs were strong to 25
cents higher for the best fed stock with
bulk of good lots going at $10.75 to $11.25.
feeders were fully steady while. yearlings
were 2b ;c4nta up in some spots. Good qual
ity ewes sold at $3.25 to $3.50 on "a steadv
market. ""
CHICAGO LIVESTOCK.
Chicago. Dec. 13. ,
CATTLE: Receipts 11.000: generaily
sleady: Quality very plain, fanners ;.nd
cutters dull: . veal calves 25 higher,
good, iiQ,,cJvi?ioie.,.yeai;ling's 10.00; bulk
Deer steers 6.uo to S.00.
HOGS: Receipts 53.000: steady lo
10 lower; mostlv stedy with vesterda v's
average; shippers buyinb liberally; .sev
eral of big- packers buying; top 7.4 0
en light lights: ISO-pOund average up
to 7.25; bulk hogs averaging 190 and
up 6.75 to 7.10: pigs mostly ten lowe: ;
bulk desirable. 7.30 tt 7.40,- -
SHEEP: Receipts 14,000'-;" fat lambs
and yearlings strong to 25 higher:
sheep and feeders steady: fat lambs
early to packers and shippers 11.25;
seme held higher; fern shorn lamb
10.00: choice 96-pound 9.60; light fat
ewes early a.oO.
FOREIGN
EXCHANGE.
,13. Foreign
Xew York. Dec-
ex-
change irregular.
Great Britain
par $4.85 5-8 pr
Demand 4. IS: cables
bills on banks 4.14
pound sterling):
4.18 1-2; 60-day
8.
France (par 19.3 cents- per
ranc)
Demand 8.0 1-2; cables1 S.07.
Italy (rar 19.3 cents per lire)
D-
mand 4.6o; cables 4.65 1-2. .
Belgium Oar 19.3 cents per franc):
Demnad 7.74 1-2; cables 7.75.
Germany foar 23.8 cent? ner mark):
Demand .54 1-2; cables .55.
Holland etar 40.2 cants Der euilder. 1
Demand 36,40: cable ;;6.46. ' 1
Kcfway (Par 26.8 cent per krone):.
Sweden, inav 26. S cents per krone):
Demand 24.40.
Denmark (car 26. S cents per krone):
Demand 19.05.
Switzerland' 'fo'ar ' 19.3 cents tisr
franc): eniand 19.40.
Spain (par 19.3 cents per pesota):
Demand 14.SS.
Greece (car 19.3 cents tier drachma')
Demand 4.15.
Argentina par 42.44 cents par Ar
gentine paper dollar): Demand 33.50
tirasil (Dar 32.45 cents ner saoer
milreis): Demand 13.25.
Montreal (Par lot; cents per Canadian
dollar): 92 1-4.
SAVANNAH NAVAL. STORES.
Savannah. Ga... "Dec. J.' -Turpentine
firm,. 73 3-4: sales 119; receipts 514;
Shipments 411: stock l,l)S3.
Rosin firm; sales S73; receipts 2,S14;
Shipments 1,217; stock 80,766.
Quot: B D K F G 4.00; M I 4.05;
IC 4. SO; M 5.20; X 5.35; WG 5.60; WW
ST. LOUS PROVISIO.
St. Louis, Dec. 13. Egrgs 44; poultry
and butter unchanged.
3 hard
1.10.
18
WINSTON EDITOR
CHARMS ROTARY
Henry Dwire Principal
Speaker, Defining What
Organization Represents.
Henry Dwire, editor of The Winston
Salem Sentinel." was the princinal sneak-
er at
Tuesday's Rotary dinner, intro-
I duoed: by. W, C. Dowd. president and
general manager of The Xews PubHsh
' ing; Company as "one of the biggest
- ! nen in th lar
'
est city in North Caro
lina
Mr. Dwire introduced his remarks by
a number . of ".humorous references to
Charlotte and to his introducer
wnich he entered into a. congratulatory
paragraph for what he - termed the
"great vision which has made Charlotte
sucn .a powerful city in North Caroli
na." .'..
"Charlotte had a vision awav back
yonder,".. said Air. . Dwire. "when the
Mecklenburg resolutions were adopted
in declaration of independence:.. It has
had a cultural vision as indicated bv the
development of its citizens in their'tasfe
ior the higher and loftier things. It
has an educational vision as seen in the
development of its schools and colleges.
It has an industrial vision. Charlotte
has made North Carolina the leading
cotton-manufacturing State in the
South because here in this city were
men who had a vision of the cotton mil!
alongside the cotton Mold."
Entering into a discussion of Rotarv
principles. Mr. Dwire said that somV
people have a false notion of the organ
ization. They think there is something
mysterious about it. "It is no secret
organization," he said- "The onlv nws
tery about it is the process 'by which it
will transform a life and there is no
way to define that process. If knew
exactly how this was done, 1 would
think less of it It i.s because this sec
ret of its gre?t. power is-withdrawn
from ur understanding that it takes
such a hold on men. There is none of
us who can teil exactly where Rotary
starts and where it ends in the life and
business of a man.
"It is not a political organization, nor
a commercial association. .V either is it
a religion. was shocked some time
ago when I heard a Rotarian stand up
and try to prove that Rotarv is a re
ligion. Nothing of the sort. It is onlv
me nanamaia of religion, onlv deepen-I
ing it and translating it in our evcrv-!
ctay nte.
"Rotary is a protest against all forms
of selfishness. It is a protest against
the theory that business is business and
that there is no heart, nor soul in in
dustry. Rotary is putting sentiment
into trade and life and spirit into busi
ness." now mat Rotary makes for efficiency,!
ior upuuusm-aim lor civic Ioyaltv were
ether points brought out by "the speak
er. Concluding. Mr. Dwire declared that
there is nothing to Rotary except what
may be found in. the Golden Rule, that
it is a banding together of men who
subscribe to the doctrine of that an
cient formula and who are determining
to put it into everyday practice.
The speaker charmed his audience
with his earnest, cryptic presentation
of his message.
Preceding the address. Kelvin
"Grady sang two solos that brought
raiiturous applause.
Rogers Davis presented a statement
from the international offices of the Ro
tary Club indicating how the attend
ance of the clubs. throughout the world
picked up during the month of October
in comparison with October a year ago.
Mr. Davis cited figures to show that of
the 74,000 members of Rotary in the
whole world, 58.000 of them attended
every meeting of Rotary in their re
spective localities during -October. Char
lotte had an attendance record during
that month of 85.4, of its total of 138
members.- 118 showing- perfect attend
ance records.
R. M. MAUDLIN IS
G0INGABR0AD
Yarn Representative Here
to Become Associated
With Saco-Lowell Shops.
R. M. Mauldin. who has been in
charge of the Southern office of the J.
Spencer Turner Company, yarn brok
ers of New York, will become associa
ted Willi the Saco-Lowell Shops, of
Boston, Mass., after the first of the
year and will go to the home offices
at Boston at that time.
Mr. Mauldin will become associated
with the foreign department of this
concern which is doing a largeb usi
ness in the cotton mill machinery in
dustry in China and Japan, as well as
in other foreign countries and Mr.
Mauldin will sail early in ; February
for China to f.pend sis months looking
after the interests of the Saco-Lowell
Company in that great country. He
will then return to Boston, out will
be expected to make periodical visits
to the Orient in connection with the de
partment cf the business with which
he will be connected.
Mr. Mauldin was with the Saco
Lowell Shops some years ago, being in
charge of the Greenville. S. C. branch,
which was under the jurisdiction of the
Charlotte headquarters of the com
pany. Rogers W. Davis, Southern
agent .
Mr. and Mrs. Mauldin have become
widely acquainted since their residence
in Charlotte during the past few
years. Mr. Mattldin having heen
prominently connected with a number
of social and civic institutions here. ..
Benjamin Harrison said: "I have not
great learning, but what little I have
acquired was paid for from the pro
ceeds of some wheat and hogs."
JOHN W. TODD, C. P. A. D. H. McCOLLOUGH. C. P. A.
AUDITS, EXAMINATIONS, INCOME TAX RETURNS,
BUSINESS AND COST SYSTEMS.
TODD & McCOLLOUGH
Certified Public Accountants
(North Carolina) '
1-4 Galloway Building.
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
Dy 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.
A. Turner, Pres. W. R. Foreman, V. Pres. J. II. Leech, Cashier
M.
DEATHS-FUNERALS
MISS ROXANA WAISMSR. 1
Miss Roxana Waisner, 69 years old''
of North Charlotte, died at a local hos-'f
pital late Monday afternoon. The fun4
eral services will be held at the HickJ
ory Grove church Tuesday afternoon art
4:30 o'clock, interment being in tin"
church graveyard. J
Miss Waisner was born in Moore-i-ville,
but had been living in Chariots
many years. She was stricken with an
illness in September, and had been con
lined in the hospital since that time
S.he leaves no naar relatives. A num-,
ber of nephews and nieces survive. how fr
ever.
THORNTON R. POWL.YS.
Salisbury. Pec 13. Thornton Tt
Povvlas died at. his home on West Conn-
..il at .ul ..it.l.. ll,l.. i .
alteri once, i-m ii .iunua,v morning ioi -now
i lowing an illness that had kept him in'
fince last Spring. A widow and on.-,
daughter survive the daughter beitts
Mrs, Albert Monroe, of this citv.
.ur. powias was f2 years old and
Kiue ui fta-isuury. lie was a car
penter and millwright and had the rep
utation of being one of (he finest ui"1
workmen. He had been a member of..
St. John's Lutheran church since early
manhood and the funeral will be 'con
ducted Ttiesdaav morning at ll o'cloclt"
by Rev. Edward Fuler.wider. pastor of1,''
St. John's, the service being from tHf
residence. '
Mr. Powlas was a member of theV:
Woodmen of the World and the Junior
Order ami :nenibns of these orders fll'T
l.e pallbearers. '
REV. C. L.. BROWN.
Salisbury. Dee. 13. Rev.- IV. C. Li."
Krown died while on a tour of Africa1
December 5th. according to news )-''
ceived here. Dr. Drown was a native
of Rowan county and at the time i'
his death he was one of the secretaries'
of the foreign mission board of th"
United .Lutheran church ;;i Airoi-ir.
Before
church
i en ior
United
the me.-ger of the
Luther.i ii
uouies ur. tsrown was
for yearn
missionary lo Japan
Synod of the ..'South.
from th .-'
DR.
Greenville. S
nam Sim.mton.
W. S. PACK.
C, Dec. 13. Dr. Wil-'
Peck, aged 60, p radio-'
ing- physician here lor 30
yesterday is a nsuli of a
years. Ii..ii!
i illness x-
tendir.g over a year,
A. S. McRAE-
Anley S. MeRae, proniinent merchant
of Mt. Gilead. died at the Chariot n
Sanatorium' Monday afternoon after v'Jx
illness of several months. He was 21
years of ape and had been in the mer-l
can tile business at Mt. Gilead for onie
jt-iitis. i ne uouy was laKen to Alt. .i-
lead
for
burial, the funeral services
"e at ." o'clock Tuesday afn
take
noon,
pla
COL. KIRKPATRICK TO j
TALK ON ROADS IN VA.
Col. T. L. Kirkpa trick, prime mover
in th-. campa'gn that resulted in the I
issuing of $30 000.000 North Carolina 1
bonds to construct a permanent good J
roaas system in the State, has been in
vited to Richmond. Va , to address t bi
annual meeting of the Virginia God
Roads Association, which is to be in
session January 18. 19 and 20. He has
beeri asked to speak on "How Virginia
Can Realize Her Highway Proeram."
Colonel Kirkpttrick has accepted th
invitation.
the mvitaTicn to Colonel Kirkpatrick
to aad.-e.ss the Virginia association v;:s
extended by President C. C. Vaushn.
Jr.
SIGNATURES ARE
I Continued from PflR'e Onr.t
the British Empire, France and Jap in.
it is declared to be the understinuliii-.
and intent of the signatory power.i:
"1 That the treaty shall apply to
the mandated islands in the Pacific
Ocean; provided, however, that the
making of the treaty shall not be
deemed to be an assent on tho part of
the United States of America to the
mandates and shall not preclude agree
ments between the United Stales or
America and the mandatory powers,
respectively, in relation to the man
dated islands.
"2 That, the controversies to which
the second pr-ra graph of Article 1 re
fers -hall not be taken to embrace
questions, which, according to prin
ciples of . international law, lie exclu
sively -within the domestic jurisdiction
of the respective powers."
AN UNUSUAL CO.MPIJSTIOX.
Tokio, Dec. 13. (By the Associated
Press) Conclusion of the four-Power
entente for preservation of peace in the
Pacific brings to an unusual comple
tion the aims of the conference on lim
itation of arms, Premier Baron Taka
hashi 3s quoted as declaring.
The American President must be
congratulated on the grandest contri
bution to the cause of peace ever re
corded in history, he said. "The peo
ples of the world are likewise to be
congratulated upon the most signifi.
cant assurance ever given for the pro
motion of their welfare."
He expressed the hope that the na
fions co-operate in the. cause of peace
eventually would realize the absolute
abolition of armaments.
CHARLOTTE, X.
V
J