THE CHARLOTTE NEWS, CHARLOTTE, N. C, FfelDXY AFTERNOON, DECEMBER 23, 1921.
19
UTESTOCK-COTTON
ARKET QUOTATIONS; FINANCIAL NEW
THE MOST COMPLETE MAKKCT AG
EDITED- BY STUART P WEST Fa U Ti
EOlMT 91 11 w xnm uwot.
CURB
BONDS
CTOCES
flflCK MARKET
PRICES SLUMP
t.i
s -ttovctl Selling Runs Pri-
Down; stops vvun
Market Quiet
( m r vRT v. west.
( ..rr.-pondeiit ofTlif Afws.
hi i"U'J.lv News Publishing Co.
( ." J New York. Deo. 2J.
nioro scattered selling in
.' : i.irket this morning- and
Features
I OV
s re I n
.-rts
,:a ko
u
i hat
is a
By STUART I. WEST.
Staff Correspondent of The News.
Copyright, 19J1, by ?7eYvs I'tiblighiiig;
Co.
prices down a on iuruier.
its course, however, and
adins came almost to a
Here and there indiviual
i.id up but there was n;
.ration even to these op
Street is doing: a lot of
.; what will happen a iter
ine vear. The majoritx
there will be more trade
the year-end inventories
a ken. In the meantime as
':vs'i stimulous in current
most of '.hem telling
.nil as compared with a
; is n: surprising that
,:' w litlto new initiative
- stock market.
- moments ot a very
further advance m
The situation in the
ikon a promising- turn
i ouscccience of th.
povt demand which
nart 4f D'-tolier and
c' si is lit. At mat
i! a- upon tne io
in Argentine and
i; less dependent
market. Dm it
these calculations
! the world's sur-
, ,. , pvos'-nt and p.-.
i'-;iina;ed considerably
was two mouths ago
iv.ard revision of tsti
mJl' supply that is tin
I ;, recoverv ot the last
prices.
; nf the improved on
: a in trade upon the
,,s a i"Mt?r demand for
ks of companies whose
i !. vary closely with
. r of ihe farm oomuiii-,
the o;is ran its couimx'.
si of their decline on
s as a technical 1 eie-
a n thing significant
;s was ronl'trmcd.
hi railwav stocks w ere
and some if therj
.. : pa tit; u- a large falling
inner tratlic statements
,:-'a those of Octobes.
i:- s aively fair, iiow-;i-
iKtober is alvvaya
!: for .main and cotton
because a lot of
won Id ordinarily have
November, was speeded
.- 'ear of a railway
; - i swell the October
i ker made no ro
: ai.er sharp drop in tho
c ratio during tlie week
i ::- t per cent. As a
;! ;e was no reason why
afficted or why the
;i" reserve percentage
:idgn cut regarding the
'Market. The decline 'J
-aal borrow ins pr?para
i.sc of the year along
1 1! cash requirement? of
trade As these influ--.'..
i en-pora ry it r.iav be
past week's i n ;; as. '
". ' i:. rediscount? ana
i.' in i-iri-ulating notes
; undone after the first
ii raised along through
':. very little interest out-
ci"d issues. Professional
!'. Luring in mind tlK' tra-
othr Christmas Kves,
... i,:kr in their short eon-
i-apartcd strength to the
h'.'tir. Tiu- copper shares
y tii ai. haing had their fill
v.c fairs which tlie Wall
!s especially confident of
!; r metal will work high
:':'. of the year and there
ei i..iis of really prood times
:r.ele late in 1!2J.
o K"r.!i?cott were the lead
: .v.ry of the copper group
oils Transcontinental and
-e the two main features,
'imotive. was .consistently
- h'.zii prices". The rubber
did hctetr especially Ajax
.la the bond list the tenden
lacvnuard for most things,
.important day in the ex-
with sterlins off over a
:v:.rr.i rates generally lower.
ITBLIC SERVICE OK MiW JEIISE".
An interestinir sidelisrht on the cca-
eral traffic situation is afforded by the
November report of the public service
railway, the street car subsidiary of
the Public Service Corporation of N'ew
Jersey. During; that month the road
cairied 5.50S.722 fewer nassenaers than
in the same month of 192D. A year
ago the fare was seven cents wheieas
it is now eisht cents. How much tne
increased fare is responsible for thitt
falling ff and how much it si due to
freneral depression and jitney compe
tition is a matter for much difference
of opinion.
THE ST R OA G STOCKS.
The stocks, in -which special buying
appeared today even wh;n the general
list was heaviest were for the most
part the same ones which had stood up
agrainst the selling- ofvjiesterday and the
day beforo. American Jiooonuotive. on
transactions mainly in hundred share
lets went up with the utmost ease.
The scarcity of its floating supply was
more marked than at any time so far.
Burns Brothers continued strong in re
sponse to the vacating of the merger
injunction which means that the mer
ger will be immediately put into ef
fect. The pool in Texas Gulf Sulphur
which has been showing its head fo.
several days, presumed operations. With
the long expected new financing o. the
American Sugar Company out of the
way traders on the short side had
nothing to help them and there was an
active covering demand for the stock.
it was short covering, too. wnicn was
tlie principal cause of .tlie rise in Sears
Uoebuck although the latest monthl;
figures rather indicate that the busines
of tins company bas turned the vornr.
California Petroleum Jed the recovery
in tlie oils, tlie special incentive in
its case being the expectation of divi
dends in the near future. Buying of
Texas and Pacific was again set. down
to a local banking interest which ac
cording to a report- has been pickin
up the "stock for sorre time.
ST. PAH..
After further weakness in the St.
Paul issues in the course of which.
both common and preferred made new
lows, an upward turn finally came. It
followed a statement by the preside it
of the company that there was no need
fo- anxiety ovor its ability to meet its
obligations. He said that there was
plenty of cash on hand to take care of
the current maturities when these fall
due.
COTTON MARKET
REMAINS QUIET
Better Goods Trade Gives
the Market a ; Generally
Steady Tone.
By STUART P. WEST.
Staff Correspondent ef The Xmi.
Copyright. I0ai, by Nw Publishing Co.
New York, Dec. 23. The cotton market :
was quiet today. A great many traders
have previously evened, up accounts for
over the Christmas holidays and there
seems no very clear incentive for their
recent enterting into the market. At the
same time reports from the goods trade
were encouraging:, which with the steady
showing of Liverpool and reports that
trade interests were readily taking up
January notices both here and in New
Orleans, gave the market a generally
steady undersone.
.Locally about thirty January notices
were issued, while Xew Orleans reported
sixty in the market there. According to
private advices a prominent firm of
southwestern shippers were stopping the
Xew Orleans notices, and the same in
terests were believed to be stopping part
of the notices issued here. Naturally these
reports had a steadying effect on the gen
eral list and moderate realizing sales were
absorbed on comparatively slight reac
tions. The market here opened firm at
an advance of four to 17 points and
sold about 20 to '26 points above last
night's closing figures before the end of
the morning on a cattering demand.
Private cables reported a dull feature
less market in i Liverpool but prices there
were better than due on the Xew York
close o f yesterday an dreports from the
domestic goods trade made a favorable
impression on sentiment.
I
Wall Street jj Grain Market j
1 1 ' Live Stock
Copyright. 1021. by Nev Publishtns Co.
Union Stock Yards. Chicago, Dec. 23.
Light supplies of livestock were
again reported in all branches of the
litsloek trade. todxv and stronger vai
uas were made. Waile the cattle iuii
was small for the week yet prices were
jiot able to gain. Present prices, iho.v
eer. show a little advance over Ihe
week's low point. When fat killing
lambs were selling below $11 feeders
YOUNG LADIES PLAY
FOR CIVITAN MEETING
CHARLOTTE COTTOX.
Receipts today, 30 bales at :..
ISi
Xew York. Dec. 23. The stock mar
ket was listless at the opening of to
day's session. Money brokers predicted
a continuance of firm call and time
rates over the Christmas holidays.
Equipments were featured by Ameri
can Locomotive, which added 1 1-4
points t oits recent steady rise. Steels,
olis. rails, motors, leathers and chemi
cals were lower. American Writing
Paner preferred was weakest of the
sDeeialties. falling almost two points.
The market arirtea aimlessly during
the mid-session, the only noteworthy
incidents being a sudden decline m
Chicago and Northwestern of 3 i-l
points on moderate offerings. Among
other leaders, especially oils, etiuip-
menrs and utilities, the trend was to
ward increased steadiness.
Tlie closing was irregular. Liberty
issues rallied but the general bond list
was heavy. Sales approximated 530,000
Coiyriaut,121, lw t Publishing; Co.
Chicago, Dec. 23. There was consider
able strength exhibited tDday in the wheat
market. Sentiment has changed strongly
to the bull side and locals are getting
help from commission houses in their ef
forts to enhance values. A big factor was
the lack of selling presure as offerings
were exceedingly light, until May sold
above $1.17 when commission houses
pourned wheat into the pit. This load j hut
proved hard to digest later and caused ;.
a reaction. The fact that the Russian re-
and
distress-replace-in
Con
It looks
to en-
XEW
YORK
Last
STOCK.
Sale.
1,IST.
Sugar
Can
Car & "Foundry . .
Jiide & Leather pfd
International Corp..
Locomotive ....
Smelting & lief. . . ...
Sugar
Sumatra Tobacco . .
T. & T.
Tobacco
Woolen
Copper
Sec.
oy. .
B"
T1EI. AWARE AXD HllJSOX.
Or the basis of returns up to and in
cluding October. Delaware and Hudson
will end the year with the nine per cent
dividend covered, but without much
margin to spare. This is taking into
account a comparatively small deduc
tion for the reserve fund as earnings
are almost seven per cent on property
value. In the case of Delaware and
Hudson it is the large additional in
come it received from its coal proper
ties which enabled it to pay the pres
ent rate. Without this income there
would not be much left over for the
stcck after interest charges.
PIERCE oir,.
Those who have been most bullish on
Pierce Oil in recent weeks declare that
the selling which made its appearance
esterday and again today was entirely
unexpected and that it came from a re
tiring interest in the company. The
amount of stock held by this interest
was said to be insignificant.
XEW YORK COTTOV.
New .York, Dec. 23. The. cotton
market opened firm today aL an ad
vance of 4 to 17 points. Thirty Janu
ary notices were reported out., but that
month was relativelv firm on covering
by jshorts and this helped the tone of !
the general list, while there also was
scattered buying- on the steady show
ing of Liverpool and favorable reports
frciii the goods trade. January sold .
at IS. 33 or 25 points net higher, and.
latei months showed net advances of
12 to 17 points short lv after the call
with March at IS. 23 and May at 17.7S.
Sales of print cloths in the Fall River
market were estimated at 200.000 pieces
foi the week. Private cables reported
a very dull market in Liverpool but
prices there were a shade better than
due cn the Xew York close of yester
day. Small realizing sales were absorbed
on reactions of six or seven ponus
am- the market showed a. generally
steady tone on reports that prominent
trade interests were stopping notices m
both N'ew York and Xew Orleans. Jan
uary here sold up to 18.34 and March to
IS. 26. or about 20 to 20 points net
higher and prices were within three or
four points of the best shortly alter
m:daay. .Much of the forenoon business
consisted of switching from January to
March and from March to July.
The market was almost at a stand
still during the early afternoon but
there was a little scattered realizing
for over the three-dav adjournment
with January easing off to 18.35 and
March to IS. 20. or about eight pents
from the best.
CI-OS-1: XEW YORK Kt'TCRES.
York, Dec. 23. Cotton closed
SI.OSS SHEFFIELD.
The annual report of the
Sheffield Steel and Iron Company
ii is issued is expected to allow a
balance for the common stock
Si oss
when
small
ftcr
dividend requirements for the year. Ti:e
company is operating only one furna:
at present and is still shipping iron
against old .contracts. Present inven
tories are said to be small and to be
covered by sale contracts.
SAVAW.Wl
;i ' '-'1 r;i , :. i ;,i
XAVAI. STORES.
Dec. 23. Turpentine
ii-s I filt; receipts 30U;
;..k !:.;::;.
h receipts l,S0o;
."( l.iMJ.I.
.'": K 1' r, 3.02 1
:: lb 4.75; . M 5.1
WW 5.'J5.
51 AT HIE SOX ALKALI.
In a letter to stockholders the head of
the Mathieson Alkali Works makes a
point which is of decided significance in
the chemical industry. The statement fur
ther explains why the stock of the cor
poration has been so active recently.
Plants of the Company which during the
earlv iart of the year did practically noth-
at all have been jumped suaoeniy io
SO per cent of capacity. J he leeter ot tne
president, which is a resume of the con
ditions during the year precedes tne dis
tribution of the annual reprt. une com
pany has reduced inventory to a conserva
tive amount and aiso nas increaseu smii-ments.
X
MI.YF.lt.
1 - I.
Foreign bar
'IV,'.' . i
in
v . m n t m v 1 1 z
Dimn
inTTTrVT
InHWi Oiialitv
Building Materials
) rented home is
ike borrowed mon
ey it's Yours with
"fain unpleasant limi
tations. You wouldn't ex
o live your life on
'rr"u'd money. Then
'A,1 le satisfied with a
ien.-e( home it's equal
v insecure.
CITIZENS
Lumber Company
South Boulevard
Hones 3472-3473
Xew
11 r m :
Open Hie-b Low Close
Jan . '3 S.I ft 1S.50 IS. 22 H.-iG
March 1S.15- 3S.SS IS. 11 IS. 3..
May 17.75 17.91 H7.72 17.10
July 17.26 17.52 17.2S 17.45
Oct 16.55 16.G2 15.52 . 16.72
XEW YORK spor COTTON.
Xew York, Doc. 23. Spot cotton
steady; middling IS. SO.
Bond Market
Ry STUART V. WEST.
MaflT Correspondent of Tbe Sews.
Copyright. 1H21, by Xrs 1'uftlisninK
Xew York, oec. iinuns"
moral nriee movements in bonds
still inclined downward, few
Co.
tho
to-
WC:lK
s
municipal
spots appeared ana a numuei i l.
industrial ana railway issues ireia v.
steadier. The fall in iiDerty oonus
was partly checked. Alter tueir a.op
to S3 yesterday f rer.cn muniyiixiis a"
regained a point. smuiany .-vieuen d-j
ossed !b again. i'ron7tas.iriK mini-
nfi however, m several ot me ioiciku
s-r.vernment loans including aoi .vay
.tananese bonds and uanisn
Sj;. series A.
Trading in industrials was compara
tively heavy and prices were trregina..
Copper and tne bonds tosr. uinnci
grounds and the steels were fractional
ly lower. Wilson to. nrii on ojui
fer 5s, Sinclair 7 l-2s. Virginia-Carolina
Chemical 7 l-2s and Columbia uas int-z
were among the issues wnicn ien
off half a point or more. iracuoub
too were weak. Marine us aaa,imi.i
point and Bush Terminal liunoing
went above SI. In the railway section
there were sharp declines in Southern
Pacific collateral 4s, -eaooara ah jjhi
nticoiirtntPit fis. I-taltimore Ac Ofuo re-
funding us anu inv tuuiuuivu
number of others such as Xew
rfn(rai fis. ChesapeaKe t unio
vrrtihle 4 l-2s. IlocK lsiano
As and Erics 4s D ICll
ally. Delaware
5. wertf up over
XEW ORLF4XN rOTTOX.
Xew Orleans. Dec. 23. A vise of
20 to 21 points occurred in the first
half hour of business in the cotton
market today, being the result of the
quick stoppmg of the first January
notices. According to the best informa
tion to be had, notices for 6.100 bales
were issued and, as predicted in pre
vious sessions of the week. spot
houses welcomed tlie tenders. January
advancing to 17. IS cents a pound..
The advance continued until it am
ounted to 17 to 28 points, Januarv
lourhing 17.50. Mill takings of 629.000
bales for the week were rather smaller
than expected and arotmd noon caused
recessions from the highest of 5 to 10
points. The market held steady, how
ever, on cablegrams from Liverpool,
saying that considerably more business
was being done in Mancnester.
Keports from Fall River, estimating
spies of print clothes in that market
this week at 200,000 pieces against 180.-
000 last week, when they were con
sidered large, steadied the market in
the early afternoon and in the trading
up to 1:30 o clock prices at their at
(heir best stood 20 to 28 points higher
an the close of yesterday, January
sing to 17.53.
CLOSE XEW ORI.EAXS FUTURES.
Xew Orleans. Dec. 23. Cotton closed
steady at net advance of IS to 30
points:
Jna.
March
May
uly ,
Oct.
XEW
Allis-Clialmers
American Beet
American
American
American
American
American
American
American
American
American
American
American
Ann con da
Atchison
At!.. Gulf & W. Indies
Baldwin Locomotive
Fait im ore S- Ohio
Bethlehem Steel
Canadian Pacific. ..
Central Leather
Chandler Motors
Chesapeake & Ohio . .
Chciago, Mil. & St. Paul
Chicago. U. I. & Pac. ..
Chino Copper . . . .
Colorado iuel & Iron ..
Corn Products-
Crucible Steel
Cuba Cane Sugar .. ..
Erie
Ceneral Electric ..
General Motors
Goodrich Co. . .
Great Northern pfd .. ..
Great Xortbern Ore ctfs
Illinois Central
T.if piration Copper . . . .
i;:t. Mer. Marine pfd . .
International Paper .. ..
Lennecou Copper -LouuviHe
& Xasiiville ..
Maxwell" Motors .. .. ..
Mexican Petroleum .. ..
Miami Cooper
Middle States Oil ....
Midvale Steel
Missouri Pacific.
Xew. York Central
X. Y.. X. I L Hartford
Norfolk & Western . .
Xortbern Pacific
Oklahoma Prod. &. Uef.
Pan American Petroleum
Pennsy 1 vai 'V. . . - .
People's Gas
"Titstburgh i't W. Va. . .
flay Consolidated Copper
Heading . .
Kep. Iron & Steel . .
Loyal Dutch. X. Y. ..
Sl.eli Trans. & Trad. ; .
Sinclair Con. Oil
Southern Pacific . .
Southern Railway . .
Standard Oil of X. J..
Studebaker Corporation .
Tennessee Copper
Texas . Co
Texas &' Pacific ....
Tobacco Products .. ..
Transcontinental Oil .. .
Union Pacific
U. S. Food Products . .
Br.itcd Retail Stores. .;
X. S. Ind. Alcohol . . .
U. S. Rubber . . . .
U. S. Steel
Utah Copper . . . . . .
Vestinghouse Electric
Willys Overland .. ..
Pure Oil .. .
Atlantic Coast Line.. ..
Ccea Cola. .
Gulf States Steel . .
Seaboard Air Li?ie .. . .
Slcss. Shef. Steel & Iron
United Fruit . .
Virginia CaroChem. ...
American Tobacco ,. ..
American Zinc
Invincible Oil . . . . . .
Jnurnatinoal Harvester
General Asphalt
7
112
5S
10
103
4 3
51
31
113
7S
48
01
SO
ru;
35
5 6
US
30
47
5o
i
31
1-4
1-S
7-S
j-S
f -
3 4
3-4
7-S
1-2
3-3
3-4
7-S
1 - 2
3-4
1-S
1-S
3-4
1-2
J -4
lief bill is now in effect and also that
bill empowering the government to niv
tigate the profits of exporters
tempt to prevent the reselling of
ed wheat abroad cheaper than
ment cost had been introduced
gress bad a bullish influence.
as if the government is trying
hance grain values and this leads to a
stronger belief in the constructive side
of the market. Cash wheat premiums
were easier. Export demand was quiei.
Corn was affected by the passage of
the "Russian relief appropriation. As in
wheat offterings were light early but pres
surewas encountered on the bulge. Local
professionals bought and there was little
commission house buying. Export business
was not" so big because bids were very
close and for some corn they were quarter
cent under the cost of replacement. Re
ceipts were of good volume.
Oats had a slight upturn in sympathy
with wheat and corn. Cash premiums were
unchanged. Shipping demand was slow.
Provisions were quiet. Trade was 'most
ly changing, selling January and buying
May product. There was a little outside
buying while selling was by packers.
j went as high as $10.25 which shows
! that the country has not lost confidence
I h1 the future of the trade,
i Reeiepis of livestock at the local
' yards today were estimated at 2,000
cattle, 22,000 hogs, 7.000 sheep and 500
j calves.
! CATTLE: While the cattle suppiv
; was light yet the trade was slow and
; no choice steers were offered. Some
duality heavy steers sold at ?7 to 57..-0.
ows and heifers were hard to sell
there was no change in quotations.
uns were steady. Good bolognas sold
r.t $3.75 to $1.00. Canning cows-were in
Pour young ladies playing ukelelt s
were guests and musicians of the Civi
tan Club at its weekly luncheon Friday
at the Chamber of Coynrnercc. Missv:-.
Bell, Ham, Gillis and Heath they were,
all well-known young women of Char
lotte, ond the brand of music they -dis
pensed, captivating the Civitans at once.
Rev. Wr. B. Mellwame, jr., pastor V
Westminster Presbyterian church, made
the princii5al talk of the day on "The
Christmas Spirit". Commodore (..rook of
the Sanvation Army a-so made a, talk
on the work being done here by thnt
organization.
Theattendance prize was given by
C. M. Ferris and was won by Cecil Gil
christ. Lane Etheredgc was designated
as program chairman for next Friday.
a i tan demand at ?2 to ?2.2o buf calves
s I were no better than steady. Small lots
at--went at $8.50 but packers took mosU')
their stock at SS.25 and below.
HOGS: Light hogs were steady to
15 rents higher after a slow start.
Choice heavy hogs also were strong but
pliined lots showed little change m
values. Best light hogs went at $7.40
t. $7.63 while heavy butchers trld
mostly at $6. .5 to $7.15. Rough pack
ing hogs made $5.60 to $6.00 with best
lots at $6.70. Some 12-3-pound pis
sold at $7.65 on a strong market.
SHEEP: Lambs soldmostlv 2J cents
higher but sales at $11.10 were up
about 40 cents from the best deals of
the day before. Many lots
si.. . r ev leeders were
RECORDER'S COURT
OUT FOR HOLIDAYS
There will be no session of the re
corder's court Saturday morning, as it
has been decided by that body to ac-
i claim Saturday as their holiday instead
of Monday, the day which lias been gen
erally set aside.
This step was taken, according to
Solicitor Tom Guthrie, in order that the
deluge of drunks and other law break
ers that are expected to overdo tb
Christmas spirit may not be kept in jail
went at too ons. cniess a session vi couri in
on snle ' hfdd Mondnv the chances are that the
i-.gde muttons sold w-ell nt strong v&l- ja.n M-jn i)e filled to overflowing by Tues-
to $5.
he
:5
64
6
10
139
1 0
3T
7 1
31.
07
3 1
62
V'"'
26
1;7
112
3-4
T-2
0- 3
7-S
r.-s
1- 4
1-4
Chicas-o. Dec. 23. Signing of tl
Russian relief bill had a bullish effect
todav on hte wheat market in the eaily
dealings and the lact that Kansas and
Xebraska continued to be mainly too
dry tended further to strengthen prices.
There was gossip also tuar tne uoinesuc
visible supply total or Monday nr.gat
be expected to show something of u
decrease. Opening quotations whic-.i
varied from 1-8 to 5-S cent higher.
mi ere followed by moderate additional
gains.
Wheat closed unsettled 1-4 cent to
2 cfnts net higher.
After opening unchanged to 1-S cent
off corn scored a fair general advance.
Com closed unsettled, 3-8 to 1-2 cent
net higher.
Oats started unchanged to 3-8 cent
higher, then continued to harden
Provisions derived firmness
higher quotations on bogs.
from
CHICAGO LIVESTOCK.
Chicago. Dec. 23.
CATTLE: Receipts 2.000; beef sUurs
slow and draggy: few earlv sales about
steady: quality plain; fat she slock dull
unci weak; calves, bull;', stockers and1
feeders steady.
HOGS: Receipts 22,000; fairly active,
steady to 15 higher than yesterdav's
average; underweight up most; b.g
packers doing nothing; top 7.65: one
load 160 to liO pounds average: pr.u-Li-cai
top on ISO-pound average 7.10; bulk
7.00 to 7.35; pigs mostly 15 to 35
higher; bulk desirable around 7.50;
some nt 7.65.
SHEEP: Receipts S.000; fat lami.s
2.. to 40 higher: shepe sttadv; top fat
lambs ,11.40; bulk desirable kinds li.00
to 11.. 5; fat ewe lop earlv 4.75: no
cl.cice lamb here; no feeder trade earlv.
morning.
Judge Laurence Jones and others con
nected with the recorder s court have
signified their intention of going out of
the city Saturday for a Christmas trip.
MONTGOMERY BANK CLOSED.
Montgomery, Ala.. Dec. 23. The Me
chanics' Bank here suspended business
today and the affairs of the institution
were placed in the hands of H. H. Mon;-
Irnniprv simeiinrpndent of the State
banking department. Directors of the;
bank issued a statement declaring that
action was decided upon "in order to
protect the interests of depositors."
The bank is capitalized at 5100,000.
CHICAGO
Chicago, Dec. 2
Northern white,
ewt.
Minnesota Red
cwt.
Idaho Jiurals, sacked
POTATOES.
Potatoes strong
sacked lflSO to 2
'11
00
Rivers, sacked 1.S5
i.00 cwt.
5-J
1-i
1-2
7-3
1-S
pfd
In. A
York
con-
refundin
off fraction-
Hudson convertible
a noint from last
niHit's elosmtr once.
r,, ,-1 hor nrncrrpss in jicsuimii"""
i-ji,ltr in hp notation m me innt-.i
titalea of tne JLUU,UUi.vu" uuitu
,iro T'Oli-lT-TOII I I IF! I 1 1 1 X' 1 A ' i
The second Dutch cnamoer na.- c;uupnu.
the governmeit bill providing for the
nuoininir of the loan for the Dutcn
i-.i.st Indies which appears to cintralic
the recent announcement that siicn
4'.. - rein or f" mprt unlikely. The nlan
liiiaiiviun - - , .
lis for an interest raie aiwum
rent. Co wen & CO. are oiljihi
r.r oiv- nui' cent nrst morigaxe
r,r r.m Akron. Canton & Youngs
.MvnRdiiwav. The bonds are due-July
L 1030, and are issued oniy in denomi
p'ations of $100.
c
per
Dry Gpods Market
By STUART : WEST.
Stkff Correspondent of The Mews.
Copyright. 1921. by Awi PubHaulns:
New York. Dec. 23. Trading in
local gray goods market slackened
tit ihe vanishing point today
OiAiich some husiness was done
Rhpeting3. Demand for print
Co
the
al-in
cloths
. , quo r nu ii fiii i iiv v i ti .y - i w -
i-Bir..Ha nut through on combed goods
sateens, drills and other descriptions
was light and scattered. Prices were
with some print cloth
r-r.nstriir.t4o.ns showing an upward ten
tio riemand for sheetings now
tn h coming from distributors
who have held off to reduce their inven
tf ries and who now ' regard prices a
workable for a limited tunc ahead.
2 7-3
. 51 1-2
33
. 62 3-S
2i : -
. 11 5-S
. 71 7-S
50 3-4
. 4i ?-4
-S
. 21 7-S
. 78 5-S
. IS 3-S
. 113 5-S
. 10
. 45 1-2
. 6 i-S
S2 1-2
. 11
. 124 ;-S
9 3-1
. 53 J -4
. 3S
. 53. 1-2
. S3 12
.
. 50
5 5-S
. 37
. St o-S
. 10 1-2
. 45 1-S
CHICAGO
Chicago,
WHEAT
May . .
July . .
CORX
May . .
July . .
OATS
May . .
July
PORK
Jan.
LARD
Jan.
May-. . ..
RI BS
Jan. .. .'
May . .
C.RALV AXf PRO VISIONS.
Dec. 23.
Open High Low CIos
.LIGJr
.1.04
17 Vt
05
1.1 6 '8
1.04
1.16 "U
1.04 U
4!?i 551-j 54 5.)
56i 56 Ti 56 !"
38 ?-8T8 38 38
39 39 39 'i 3',
lt.S5
S.72 S.72 S.7 0 S.72
9.15 .9.15 9.12 9.12
"sCii 'sis 'suo 8.10
A50W YORK POULTRY.
New York. Ie. 23. Live poul
firm; chickens 25 to 26; fowls 24 to
roosters 10: turkeys 40 to 50.
Dressed poultry firmer; turkevs
to 51.
irv
29;
REV. MR. WOOL GETS
VISIT FROM PEOPLE S
CHICAGO CH r; PA 131
Chicago, Dec. . 23. Wheat.
l-.ard 1.15 3,-4: Xo. 2 hard l.t
No.
Corn, Xo. 2 mixed, au to oo i-i, -o.
2 vellow 50 1-4 to 51.
Oats, Xo. 2 white 37 38 1-2: Xo. 3
white 34 1-4 to 37 1-2.
Rye nominal.
Rarlev 56 to 60.
Timothyseed 5.00 to C.10.
loverseed 12.50 to IS. 30.
Pork nominal.
Lard S.72.
Ribs 7.50 to S.50.
Members of the Pegram Street Pres
hyterian church stormed the manse j
Thursday night, roundly '-pounding" j
the pastor. Rev. J. S3. Wool. A largo i
part of the congregation, of ldh men. i
women and children, assembled at j
Mr. Wool's home and brought Kuppliief i
for pantry and table in abudance, the i
younger people remaining- during the
evening for fellowship and a social
hour, music enlivening the occasion.
HOW TO INVEST
IN
COTT
What you should know'
about Cotton is eonlained
in our Booklet No. "l.by
RANDOLPH ROSE.JR. '
Free on Request
ROSE & SON
Cotton Slocks Grain
24 STONE ST. NEW YORK
Wire Connection in ' ,
. CHARLOTTE, S . C. I
BROOME & BURKETT
219'2 W. Trade St. :
3R
122
2."
i;:o
13
13
'SO
'J4
ST. LOUIS liHAI.V
St. Ix)uis, Dec. 23. Wheat, Xo. 2
1.24: Xo. 3. 1.17 to 1.20; December
Mav 1.14 3-4.-
Corn, No. 2, white 49 ot 49 1-2;
3, 4S 1-2: December 4 8 3-4; May 53
Cats. Xo. 3. white 34 1-2; Xo. 4
December 35; May 39 3-4.
it!
1.14;
No.
1-4
1-2
1-2
i-s
CHICAGO PROVISIONS.
Chicago, Dec. 23. 'Butter unchanged.
Eggs lower; firsts 50 to 51; ordinary
firsts 43 to 45.
ALL RECORDS BROKEN
BY BUSINESS VOLUME
Orn
17.37
17.12
17.14
16. S4
15.99
OR I.KAN'S
High
17.53
17.61
17.34
16.9!)
16.22
uO w
17.37
17.42
1 7.1 4
16.S3
16.16
ro'iTOSf.
Clor-ia
17.51
17.5S
1 7.30
1 6.95
16.52
Xew Orleans, Dec. 23. Spot cotton
steady and unchanged. Sales on the
spot 641 bales; to arrive 1,025.
JmOw miodllug In. 7.j; middling li.y1);
fm. middling 1S.50.
Receipts 4.116; stock 376,372.
LIVERPOOL COTT03T.
Liverpool. Dec. 23.- Cotton: Spot in
limited demand; prices steady; good
middling 11.62; fully middling 11.22;
nurtaling io.Si; low middling O.b.; good
ordinary S.12: oruinary i.is.
-Sales 4,000 bales; including 3.600
American. Receipts 8,000 bales; no
American.
Futures (dosed steady;
1.04; January 11.04; March
l j.92: July 10.77; September
tober 10.31.
. December
11.00; May
10.47; Oo-
Cotton Opinion
Xew vork, Dec. 23. J here is very
little ot comment about on today's
market. What activity has been in
evidence has been due almost entirely
to switching and evening up. Ji.xpirts
to 1 o'clock were 1,218 from Mabile to
the Continent and 500 from Pacific
norts to Great Britain. The marke
was almost at a standstill during the
middle of tlie afternoon, business grad
ually giving way to the exchange of
holiday greetings. With best wishes
for a " Merry Christmas and a Happy
and Prosperous Xew Year.
POST AND FLAG G.
NEW YORK MOJVHY.
Xew York, Dec. 23. Call money
easier; high o 1-2; low 5; ruling raie
5 1-2; closing hid 4 1-2;. offered at . 5
last loan 5.
Call loans against acceptances 4 1-2
to 5.
Time loans firm; 60 clays, to 5
90 days, 5 to 5 1-4; 6 months, 5 to 5
1-4.
Prime mercantile paper 5 to 5 1-4.
Chicago, Dec. 23. The Christmas
shopping season in Chicago has broken
all records in volume of business, accord
ing to leading merchants, but probably
will not measure -up, dollar for dollar,
with those .of 1913 and 1920.
The city's total retail merchandise
business for December was estimated
at $50,000,000.
Buyers this year are spending their
money more wisely, merchants said, and
the demand is mostly: for substantial
articles. "The peak of the shopping sea
son was reached last Monday," said the
manager of one larger store. "On that
day we delivered 7,000 more pack
ages than on any previous day of tne
store's history, We probably will not
pass last year's receipts, hut we will
come close to the 1920 dollar sales. This
is accounted for mainly by the reduc
tion in prices. We have to sell five arti
cles now to three a year ago in order
to take in one dollar."
Another merchant said the higher
priced articles . were going the best and
the sale of toys, especially American
manufactured, has broken ail records.
j Curb Market
Br STUART P. WEST,
Staff Correspondent of The Xws.
Copyright. 1023, by New Publishing Co.
New York, Dec. 23. Price mov-?-n-.pnts
in the curb market today were
irregular for the most part except in a
few instances in the oil group where
fvrther concerted drives were , made.
The Cities Service issues were under
pionounced pressure, the common yield
ing over a dozen points with only a
slight rally in the later trading. The
pi ef erred and bankers shares also were
in supply at lower levels. Anglo-Amcr.-can
Oil continued one of the weak fea
tures selling below 17. Other Standard
Oil issues, however, ivere comparatively
steadv. Standard Oil of Indiana mov
ing up over a point. International
Petroleum, Elk Basin and Simrns Pe
troleum' were steady and fractionally
higher. Maracaibo was freely suppiied
and suffered a .loss of two pomts.
In the miscellaneous section Swift
International continued the strong fea
ture. The coal stocks were compara
tively ciuiet and showed unimportant
pr-ce changes. Motor stocks were gen
erally lower, Dur'ant Motors and the In
diana stock each showing a fractional
decline. There was little doing in the
tobacco shares, prices ruling around
the final figures of yesterday. Inter
continental Rubber, after an early show
of firmness was offered freely and de
veloped heaviness. United Retail Candy
and Sweets Company were quiet but
steady.
Mining shares were active in spots.
Boston and Montana was under pres
sure and yielded several' points.
JOHN W. TODD, C. P. A
A TTTYITQ
D. H. McCOLLOUGH, C. P. A.
EXAMINATIONS, INCOME TAX RETURNS,
BUSINESS AND COST SYSTEMS.
TODD & McCOLLOUGH
Certified Public Accountants
(North Carolina)
14 Galloway Building-.
CHARLOTTE, N. C.
Ft n
si
ERSKINE BANQUET
PLANS COMPLETE
Plans have been completed for the
annual banquet of the Erskine College
Alumni Association, which is to be held
in the Chamber of Commerce build!'-' 3
next Tuesday evening at 7:30 o'clock,
when President R. G. Grier, of the c.oi
lege, will be here to deliver"an address.
Dode Phillips, star fullback on the
Erskine College football team for he
past two seasons, will disc be present
J. C. Reid, Jr.. of Mecklenburg coun
ty, a member of the student body, will
brinr greetings from the student body
to the alumni. The Carolina Orchestra
will furnish music for the occasion pnd
alumni singers will render a numoer
of melodies. Dr. George W. I'ressly,
president of the local aluVni associa
tion, will preside. Rev. J. ..J. P,U,h.'i.n.
of Huntersville. is vice-president of tne
association and Rev. E. G. Carson in
secretary.
. New
closed :
second
second
fourth
100.04;
LTRERTY RONDS.
York, Dec. r23 Liberty bonds
3 l-2s,. 94.10: first 4s. 95.60 bid;
4s. 93.60; first 4 l-4s, 96.2S:
4 l-4s. 9S.S0: third 4 l-4s. 97.20;
4 l-4s, 16.24: vieotry 3 3-4s,
victory 4 S-4s, 100.04.
un-ncw
SUGAR-
- New York, Dec. 23. Raw sugar
changed at 3.60 for centrifugal
crop and 3.86 old crop. -
Refined unchanged at 5.00 for fine
granulated.
HOME-GROWN MELON
FOR CHRISTMAS DAY
W. K. Summerviile of Paw Creek will
cut a homo grown watermelon for his
Christmas dinner.
Mr. Summerviile, who crew, an un
usually nrolific crop of melons last
Summer," pulled cne during -the early
Fall, about .the time that frost was
expected and nut it away to see what
would become of it.
To his surprise the melon has kept
perfectly, according to outward ap
r.earances and llr. Summerviile ex
rpots to cniov it along '.vith the other
cielicacies of a Christmas dinner Sun
-ay.
FOHKIGS EXfflAWKE.
New York. Dec. 23. Forgien ex
change irregular.
Great Britain (par 54.3n 5-S per
pound sterling): Demand 4. lb; caoies
4. IS bU-uay llius on uaiiiva t.i.i.
France (par 19.3 cents per irancj;
Demand 7.93 1-2; cables 7.04.
Italy (oar 19.3. cents per urej: us-
mand 4.44; cables 4.44 .1-2.
Belgium (par 19.3 cents per iranc;:
Demand 7.61 1-2; cables 1.62.
Germany (par 23.x cents per mars;:
Demand .52 1-2: cables .o-j.
Holland (par 40.2 cents per guilder j-
Demand 36.55: cables ob.bi.
NVway (oar 2t. cents per Krone;:
Demand 15. o5.
Sweden (par 26.S cents per Krone;:
Demand 24.95.
Denmark (nar 26.3 cents per Kroner.
Demand 20.05.
Switzerland par 13.5 cents psr
frnac): Demand 19.50.
Spain (par 19.3 cents per pesota):
Demand 14. So.
Greece (par 19.3 cents per drachma).
Demand 4.11.
Argentina (par 42.44 cents p-. Ar
gentine paper dollar): Demand 33.37.-
Brazil (par 32.45 cents per paper
milreis): Demand 12.75.
Montreal (par 100 cents per Canadian
dollar): 93 5-8.
You'll Smile Too -When You
Have Joined Our Christmas
Savings Club
It's the one big
"Dad," Mother,
family.
CLUB
thrift plan which makes everybody happy
Sister Sue, Bobby and all the rest of the
IS NOW FORMING. A PLAN TO FIT EVERY
PURSE. A MEMBERSHIP FOR ALL.
HERE'S HOW IT MOUNTS UP:
$2.50
$2.00
$1.00
.50
A
A
A
A
WEEK
WEEK
WEEK
WEEK
MOUNTS
MOUNTS
MOUNTS
MOUNTS
UP. ..
UP."-.
UP. ..
UP . ..
,$
125.00
100.00
50.00
25.00
1VKW YORK PROVISIONS.
New York, Dec. 23 Butter steady;
creamery higher than extras 43 to A'i
1-2: creamery extras 42 1-2; creamery
firsts 35 to 41 1-2.
TOc-srs firm: fresh gathered extra firsts
56 to 58; do, firsts o
tor firsts 39 to 40.
Cheese irregular;
1-2 to 21.
to 55: rcfrigera-
average run 20
COTTONSEED OIL.
' New York, Dec. 23. Cotton oil clcsel
steadv. Prime summer yellow 8.25 to
8.50; "pi im crude 7.05 bid. December
8.25; January 8.30; February 8.45;
March 8.71: Aoril 8.79; May 8.95; June
9.00; July 9.10.
Total sales 9,600.
CHICAGO
Chicago, Dec. 23.
er; fowls 15 to 23;
40, roosters 15 1-2.
POULTRY.
Poultry, alive low
springs 23; turkeys
JOIN TODAY
Select your plan whatever
you can pay weekly for 50
weeks; you won't even miss
it. Get In the line of. smilinffr
liappy people at our club win
dow. Pay in to yourself,' these
little driblets of small change.
AND NEXT CHRISTMAS
Have a tidy Roll of Cash
when the man says: "Shall
I charge it?" Answer him
"NO." Tell him that $5.00
and $10.00 Bills now are bet
ter than shopping bills on
January 1st.
91
i
There is no red tape or bother about joining. Just drop
in the bank and get your passbook, or phone us,-Hundreds "
of your friends are calling every day and all are smiling.
It's your move. v .
Charlotte Bank & Trust Co.
214
M. A. Turner, Pres.
East Trade Street.
; W. R. Foreman, Vice Pres.
J. H. Leech, Cashier.