North Carolina Newspapers

THE CHARLOTTE NEWS, CIIA1LOTTE, N. C, SUNDAY, DECEMBER 25, 1921. LIVESTOCK COTTON GRAIN ARKET QUOTATIONS; FINANCIAL NEW THE MOST COMPLETE MARKET PAGE PUBLISHED IN THE CAROLINAS. EDITED BY STUART P WEST For IS Years Financial Editor el The New Vsrk Glof. CURB BONDS . STOCKS j GOOD BUSINESS IN METROPOLIS Christmas Buying Exten sive But Not General Throughout Country. "Written for International jXevrs Service. New York, Dec. 24. Christmas busi ness Jn this city was ahead of last year. It was slow getting started and ir was not until the spurt of the final week that it received its full momen tum. In other parts of the country business was not so g-ood. Industrial stagnation, unemployment and depres sion in the agricultural districts com bined to hinder buying-. There was an increase in commercial failures this week over the preceding week. Bank clearings throughout the coun try declined this week, reflecting' fewer financial deals. The. money supply was about the same as in the previous week. The tremendous power of the American public to absorb securities was shown by the fact that $147,961,000 new bonds were issued this week, all being: taken. Paving's bank deposits in the West top those of 1P20. Oeneral railroad traffic is picking- up. BAXK CLEARINGS. Bank clearing's in the United States this week were estimated at $7,105, 49H.0SS compared with $7,fi7o,360'.S35 the previous week and $s, 65.1. 52 1.027 this week last year. STOCK MARKET. The average price of 20 representa tive industrial issues on the New York stock exchange was 79.34 this week against 80.93 last week and 68.91 this week last year. The average price of 20 representative railroad issues was 73.30 this week aerainst 74. 3S last week and 77.33 this week last year. The market will be closed Monday. MONEY. Call loans money ranged in price from six to five per cent during- tne . ct-iv.. j. une loans, oacKea oy gin dged security, were made at "5 1-4 per cent. Southern Stocks & Bonds QUOTATIONS FURNISHED BY American Trust Company, Charlotte, N. C. A. M. Law & Company, Spartanburg, S. C. Hill, Clark & Company, Charlotte, N. C. R. S. Dickson & Company, Gastonia, N. C. and Greenville, S. C. This service, which ia published every Sunday, Is a co-operative ef fort between The News and the dealers mentioned above to present a consolidated list of quotations on various Southern securities. These quotations are not guaranteed, but represent the latest available figures. COMMERCIAL. FAILURES. The credit guide reported 598 failures mreugncm me entire countrv week ag-ain 5S6 last week. this COTTON. There was a sharp price advance in the cotton market this week. The advance was surprising in view of the recent Government report . estimating the crop at 8.340,000 bales against the October estimate of 6.537,000 bales. .Spinners took 263,000 bales this week, bringing the total of spinners takings up to 6,062.000 bales since August 1. The amount of cotton brought into sight during the week was 266,048 bales; since August 1, a total of 5, 972,342 bales were brought into sight. The world's visible supply of cotton is estimated at 6,256,468 bales of which 4.5S5.46S bales is American cotton. Ex ports for the week were 147,129 bales agVnst 111,273 bales last week. GRAIN. Gambling In grain futures, against which farmers have waged a long fight, ended today, being Illegal under a new Federal laV. The movement of grain was unusually heavy during the week. The exports increased and Buffalo re ported that nearly a quarter of a billion bushels of grain had been re ceived there since the beginning of the season, setting a new high record. Re ceipts of corn at primarv points were fairly heavy, but despite this, there was a very good cash demand. News that Russia will spend $10,000,000 in the United States for food led to the belief that this would be for the Ameri can farmers. Xearly 900.000 bushsls of wheat were brought Friday for export. AA'OOL. An Increasing demand for wool de veloped during the week with a con sequent price advance in domestic grades. nnv goods. Chicago reports a brisker demand fo--dry goods in the Middle AA'est and South. Wholesale distribution of dry gco.i.s this week exceeded tlM same week last year. NEW YORK POULTRY. Xew York. Dec. 14. Live poultrv steady; unchanged. puuiuj nrm; turKeys 48 to COTTON MlfeZ. STOCK. Bid Abbeville Cotton Mills Acme Spinning Co 82 Aileen Mills ,Inc American Spinning Co.. . 250 Amer. Yarn & Proc. Co . . 106 Anderson Cotton Mills . . 67 Aragon Cotton Mills .... 190 Arcade Cotton Mils Arcadia Mills . . .- 200 Arkwrlght Mills 200 Arlington Cotton Mills Arrow Mills, Inc Augusta Factory, Ga Avondale Mills. Ala BOO F.anner Mills Belton Mills Blue Buckle, pfd (per 100) iy Brogan Mfg. Co 73 Brown Mfg. Co 275 Cabarrus Cotton Mills . . . . 175 Calhoun Mills Cannon Mfg. Co 200 Chadwick-Hosklns Co. (par value ($25.00) Chadwick-Hosklns Co. 8 par cent pfd Chesnee Mills Chiquola Mfg. Co .180 Chiquola, pfd 80 Clara Mfg. Co 105 Cliflside BOO Climax Spinning Co 130 nncnrieici airg. Co Clinton- Cotton Mills 300 Columbus Mfg. Co 165 Consolidated Textile Corp. 14 Converse. D. E. Co . Crescent Spinning Co.. .. 84 Dacotah Cotton Mills.. .. 375 Dixon Mills, Inc 104 Drayton Mills 48 Dunean Mills 72 Dunean Mills, pfd 83 Durham Hosiery Mills B.. 27 Durham Hosiery Mills, pfd 90 Eastern Mfg. Co 85 Eastside Mfg. Co 35 Efird Mfg. Co 112 Enterprise, Mfg. Co.. .. '85' Erwin Cotton Mills Erwin Cotton Mills, pfd . . 100 Flint Mfg. Co Florence Mills Gaffney Mfg. Co 50 Gibson Mfg. Co 17 5 Glenwood Cotton Mills.. .. 100 Globe Yarn Mill 60 Gluck Mills 100 Grace Mfer. Co. . . . . Gray Mfg. Co 200 Greenwood Cotton Mills . . 175 Grendel Mills Grler Cotton Mill . . Hamrick Mills i20 Hanes Knittiner Pn A uu Hanes Knitting Co. B. . .. 11 Hanes pfd 99 Hartsville Mill 305 Henrietta Mills Highland Park Mfg. Co. ..." . . Imperial YLarn Mills Jennings Cotton Mill 210 Judson Mills.. . . "m Judson, pfd "92 Lancaster cotton Mills . . 200 Laurens Cotton Mills .... so Limestone Mills 120 Locke Cotton Mills.. . . 1 1 n Lola . Mfg. Co 95 Asked 105 85 50 300 115 70 215 US 275 136 41 ioo 85 "83 190 165 220 15 100 150 187 120 141 250 166 16 105 90 430 111 55 76 S7 34 97 98 55 121 98 275 iis 200 60 186 115 65 107 85 300 iio 97 150 12V 12 Ms 102 350 66C 151 o - 260 240 100 130 ioi Majestic Mfg. Co 125 Marlboro Cotton Mills .... 66 Marion Mfg. Co Mills Mill Mollohohn Mfg. Co 103 Monarch Mills, S. C 115 Myers Mills Myrtle Mills National Yarn Mills i?,6 Newberry Cotton Mill3 105 Norcott Mills 250 Norris Cotton Mills Oconee Mills 125 Orr Cotton Mills 90 Osceola Mills Pacolet Mfg. Co lii Panola Cotton Mills Parkdale Mills Patterson Mfg. Co. ...... 185 Pelham Mills Pelzer Mfg. Co , . . Piedmont Mfg. Co 114 Poe, F. AV. Co 99 Poinsett Mills Ranlo Mfg. ,Co 100 Rex Spinning Co Rex Spinning Co. pfd.. .. 90 Bhyne-Anderson Mills Co Khyne-Houser Mfg. C.. .. Ridge Mills, Inc Riverside Mills ($12.50(.. Ronda Cotton Mills Rocky Face Spinning Co.. Rowan Cotton Mills . . Saxon Mills Seminole Cotton Mills.. .. Sibley Mfg. Co SDartan Mills . . . . . . . Sterling Spinning Co superior Y arn Mills Toxaway Mills (par $25) .. Tucapau Mills Union-Buffalo Mills Co. . . Union-Buffalo Mills 1st nfrl l-'Un ion -Buffalo Mills, 2nd pfd v lCtor-Alonagnan Mills .. 76 Viotor-Monaghan, pfd.. .. 99 Victory Ararn Mills 78 Ware Shoals Mfg. Co.. .. 140 SV'atta Mill Watts Mill, 1st. pfd Watts Mills, 2nd pfd AA'inget Mills Co Wiscassett Mills Co 230 AYoodside Mills Co AVoodside Cotton Mills pfd 72 150 70 13 225 110 6 80 110 iro 115 2S5 105 95 225 120 7 130 0 70 9 80 48 109 86 86 28 73 3; S3 115 122 10:$ S5 110 91 92 100 72 76 10M 110 66 87 76 10 0 55 116 95 36 30 220 2 7 75 '.) 79 '81 145 110 79 95 75 ioo 74 STOCK MARKET SHOWS UPTURN Small Advance Represented the Retirement of Short Contracts. By STUART P. WEST. Staff Correspondent of The News. AArall Street, New York, Dec. 24. The stock market today upheld the custom of Christmas Ti xrhinl- years of declining prices has almost iu.vttria.Diy witnessed an upturn. The advances in the two hours of trading were for the most part small. They represented the retirement of short contracts put out earlier in the week along with some fresh buying in the coppers, tb.3 low priced oils and various specialties. There was scarcely any business at all in the foreign exchange markot, in Sterling and continental rates as well 1 Cl. ti 1 - . FT. 1 . jt-ri. uu & oit m&iier. ine cotton ex change was closed for business but the grain markets were open and recovery continued in wheat trices. If there had been any doubt that th decline in stocks on Wednesday and Thursday was anvthine: more than a normal reaction in a market which naa Deen going up too continuously it moist have been dispelled by the cmirKft rtt tVia raa Hn ore in.lair frW coppers led the way and some of them got back within a point of their lagnest a rortnignt ago. Again this nifiVPTTlPnt rAtlcntArl fern trtYn in t'hn outlook for the copper metal in 1322. Iii the oil group Invincible, Transcon tinental and California Petroleum were me strongest. NEW YORK STOCK. LIST. Last Sate. OTHER QUOTATIONS. Bid Asked N. C. State 4's, 1949-53 87 90 N. C. State 5's, 1961.. .. 106 107 North Carolina R. R. stock ... 130 Carolina Power & Light.. 25 25 R. J. Reynolds Tob. A 70 80 R. J. Reynolds Tob. B 35 37 R. J. Reynolds Tob. pfd 106 108 Coca-Cola 40 41 CHARLOTTE BANK STOCKS American Trust Co Charlotte National Bank. Commercial National . . , j Independence Trust Co. . . j Merchants & Farmers . . : Security Sevings Bank j Charlotte Morris Plan . , ; Union National Bank.. Bid Aske. 137 140 200 205 235 175 isfi 300 100 101 108 240 250 Financial Outlook' n-l- 'rfTT T irnvm .... . . fvr-;-lr":"J..x'-4,:st- !a. lnis aate Is most welcome. If rniiTH-ht imji V,, v .. , : V"10 -iusctuts accompiisnes U.s object. NeYork : De? ?l . the., public the lull J the upward movement in th, uvin bX CHICAGO POTATOES. Chicago, Dec. 23. Potatoes firm. Northern whites sacked 1 Jl SO to 2.00 Minnesota Red Rivers sacked l.Sa. XEAV YORK EXrHAVRPS nnsrn New York, Dec. 24. The sugar and cc-Liou exenanges are closed today. FREE SERVICE BROOM & BURKETT COTTON BROKERS 2196 W. Trade St. Phones 4482. Long Distance 9983 Cotton contracts executed in lots of 10 Bales and upward. Orders filled in two minutes over direct private leased wire to New York. None too large, none too small. Why pay for telegrams when we have a free wire Bervice? Balances settled In Charlotte promptly. SERVICE IS OUR POLICY. 17171? ovninw In High Quality Building Materials TTjWe earnestly hope VlJ that tomorrow will J.I bring to every one of of many friends all the joy and happiness that can possibly be crowded into the space of twenty-four hours. CITIZENS Lumber Company South Boulevard Phones 3472-3473 financial markets cimniiancn.... stock, bonds and foreign exchanges nas not imnlierl nmr or-irno : opinion on , the general outlook. ' it mciy nave signinect that Wall Street, during" tli? advnnro tlio .-oi, . i allowed itself to become a bit too enthusiastic over the prospects for I&12 in cenam lines or trade. But mainlv the decline was the normal re-adjustment which markets invariably have that long move continuously in a sirs-la direction. In a word, the stock market has had the reaction which it was entitled to a.ter a month of almost unbroken ad vance, ine bond market has fnifiiioi .tccju-'piisnment concc-ivaliie in the wav 1? JlelPing- the business community j.vjv ui guua times. BL'YIXG POWER INCREASED. onimg Miisiactoniy tlt-i om 01 living question, the thing most tc be desired is rotum t ki... conditions for the farmers, upon who-i, buying power so much depends for the LUUl;f utmiestic trade. In th direction the developments of the pas' week have been rlpfi In cotton the shock occasioned by the ictuv ci in uu. tremendous exasreera j. uic Li up Kiioi-rage nas been Liid.11 fouiueraotPfi w tita in-. - - - 1 . 'Mto 1U11U1 J l-ic cAyeuiauyn mat It could not kei-" , --------- inc iiu- movInK ahead in face nf tli Lfh" Provement n trade demands both here tlon of such an ntnm r " iTf..'", ana abroad. In wheat. Kurone h.-.- issues as has been s-oinsr on nnw f.i." , ,ed.Vze tnat " has been over live 111U11LU IMPROVEMENT OX EXCHANGES. In the exchanges, the speculative element has counted as it has in stocks. That is to say the decline thai has occurred from the high levels of a fortnight ago has been merelv a technical re-adjustment. It has in no wise taken away from the reality of the improvement in European finances signified by the advance in sterling from around $3.90 the middle of No vember to above $4.20, and the recovery m French exchange in stlil a shorter interval from 6.90 to the franc to LESSENED ACTIVITY IN METAI.S. The lessened activities in the va rious metal markets is quite in keeni'' with the slow demand. Dullness h'-'is settled over the copper trade, while some of the automobile companies have been closing plants, as they regu larly do at this season, for the pur pose of stock taking. But. where it -s steel, or copper, or automobile fakir Or oil. the fnrrast fr taoo v... 15' several run of business men is alto- seLiier noperui. estimating the crops of 1921-22, and melt u is nnr as inrtonoTirtonf tu American surplus as it had supposed lj uc two montns ago. EXPORT HUM 4 TVT t.Pnvuc. ,,T.he revival of the export demand' nas fei.cn tuo wneai marKet the most en couraging appearance that it has worn n-v. V- 11 ue Slnce late ln the Sunnier . uiuvcineuc irom tarra lUAiivei is over, it has been unusu . " "j- uiawn aown farm trade is beginning, therefore, to get the . v... in-ui me siaie or almost pam in which it was thrown in the Autunv by what now seem tn v.i.- i " ' v.. (111- wannted reports of tremendous over- LOAYER COSTS NECESSARY. jr.At8v,iS Wei11 ?nown. the chief obstacle in the wav nf th& r-utnr, ... . v. l u i ii i l 1'i uiiidiiie conditions in inrliiatT-r l s - ,.f. . . to bring about a thorough enough re- 7 costs. The principal difficult- in the ratv, r . ".f Al i, J L vv.Jftt? 1 tllUC- tion is the cost nf living i,i everybody realizes. The reason whv more progress has not been made to" Wt'a nLhiSol,,,tion ?s that the deflation passed along to the consumer, but that middlemen and many retailers have been getting an undue benefit FEDERAL INVESTIGATION WEL COMED. A COltimittfffl nf IntrccC, ... view to punishing The HnS now been projected by the Department undertaken long ago, but coming even Garb Market j STUART P. WEST. tafr Correspondent of The News Copyright, 1923, by News Publishing Co. veJZTK ?ec- 24. Business on the .Nev lork curb market today was dull confi?Ie moveTOents in general were confined to narrow limits with the ex ceptions of a few of the recent promi nent oil issues. Attention generally SvUieT Ver t0 Uie USUal Christmas Cities Service shares were asrain stock SThT," esPecia1 thlcommon stock which, in the short session of business, yielded sharply on compara nd Sma11 offerings Only fraSntl losses occurred in the preferred and tbrannk?rS shares. International Pe troleum, Simms and Skelly Oil were ?nTinbthSttai There ""tie do" ing in the Standard Oil issues. Prices held around previous levels by,wa? ln fair demand and im proved fracitonally. A fair iiwi ?v develnnorl fo tjv, ;nL ,"Jr. .'.nlU11 k i: ivxorris. uther to- tb tv,fhaeS .Were Practeally passed up in the day's trading. The motor issues were easier, especially Durant n f- whih yielded al most a point. United Retail Candy and Sweets Company continued quiet bu steady. National Leather Wheavy Mining shares were comparativelv qulet with unimportant price changes. NEV YORK MONEY. New York, Dec. 24. Call monev ranged between five and six per cent week!6 exchange during the past Time money was quiet, with lonsr period loans bringing 5 1-4 per cent Commercial paper was dull, rates clntS qUOted at from 5 to 5 1-4 per XT LIBERTY BONDS. New York, Dec. 24. Liberty bonds Cosed: 3 l-2s, 94.30; first 4s, 9i.l0 bid" second 4s, 95.60 bid; first 4 l-4s 96 ; V''. second 4 l-4s. 95.90; third 4 Lis 97 lo-' fM1 4 .1-4s- 8; victory 3-4s 100.04; victory 4 3-4s. 100.04 ' American Beet Sugar American Can .... ." . .' " American Car & oundrv ". ". .. American Hide & Leather pfd American International Corp.. American Locomotive American Smelting & Hef American .Sugar American Sumatra Tobacco . . American T. & T American Tobacco Sec American Woolen .. .. . . .. Anaconda Copper Atchison Atl., Gulf & W. Indise . . Baldwin Locomotive Baltimore & Ohio Bethlehem Steel '"B" Canadian Pacific Central Leather Chandler Motors Chesapeake & Ohio . . .' Chicago, Mil. & St. Paul . . Chicago. B. I. & Pac. . . . . Chino Copper Colorado Fuel & Iron Crucible Steel . . Cuba Cane Sugar (General Electric . . Goodrich Co Great Northern pfd . . Great Northern Ore ctfs Illinois Central Inspiration Copper Int. Mer. Marine pfd . . International Paper . . Kennecott Copper .. .. Louisville & Nashville Mcxwell Motors Miami Copper Middle States Oil Midvale Steel Missouri Pacific .. .. .. New York Central N Y., N. IT. & Hartford . . Norfolk & "Western Northern Pacific Oklahoma Prod. & Ref. . . Pan American Petroleum . . Pennsylvania People's Gas Pittsburgh & W. Va. . . .. Ray Consolidated Copper . . Reading Rep. Iron & Steel Royal Dutch, N. Y Shell Trans. & Trad. Sinclair Con. Oil Southern Pacific Southern Rail wav Standard Oil nf ' T nfrl Studebaker Corporation . . lennessee Copper Texas Co Texas & Pacific Tobacco Products . . -- Transcontinental Oil L'nion Pacific U. S. Tnnrl PrnrlnAta United Retail Stores . . . '. U. S. Ind. Alcohol .. .. U. R. Rubber . . . . . . U. S. Steel . 83 5-8 uian copper Westinghouse Electric .. ,. Willys Overland .V. Pure Oil Atlantic Coast Line Seaboard Air Line . . .'loss, Shef. Steel & Iron United Fruit Virginia Caro. Chem. . . American Tobacco .. .. American Zinc International Harvester 38 1-1 27 1-2 33 1-8 142 1-2 58 40 r.-s 103 1-4 45 iu 3-4 113 1-4 79 1-2 49 1-2 92 1-S 31 7-3 96 1-4 35 5G 119 3-2 30 1-S 47 1-S 55 1-S IS 7-S 32 28 24 1-2 96 3-8 65 1-4 6 7-S 10 10 1-2 35 3-4 74 1-2 32 97 40 63 1-S 52 3-8 26 3-4 107 114 1-S 26 3-4 13 7-S 27 17 3-1 73 1-S 12 1-4 9i; l-. 75 5-S 3 52 33 1-4 Gl 1-2 25 15 72 1-4 51 50 1- 3S 1-2 ' 79 18 3-3 114 78 7-S 10 1-4 45 7-S 26 1-4 63 7-S 11 5-S 125 9 7-8 53 39 54 83 5-8 63 3-4 50 1-4 5 3-4 37 3-S 84 1-2 41 45 1-8 2 7-3 36 121 27 1-4 131 7-S 12 3-4 14 1-S 79 1-2 65 1-2 - -M,.V I Live Stock j Copyright, 1921, by News Publishing Co. Union Stock Yards, Chicago, Dec. 24. Livestock trade was of little accoun louay. in tne cattle pens little stuff showed up while practically nothing was on sale in the sheep house. On .ictcuni or tne coming holiday some of the western markets woro rl ---- -.vvj. t uuj In the hog house the trade was strong u" L-uiinparaiiveiy ngnt supply. Receipts of livestock for the local market tnd.iv wer pstimatoi ot o,,. cattle. 8,000 hogs, 4,500 . sheep and .tiiiiu mm uu calves. CATTLE: Small lots of plain cattle were in the pens and they sold at UnchanE-ed levels Tho tru,li n.or, ,.,.i- n - M.UI. v da "villi". a nominal one, however. Compaic d with a week a.ro most sfppro i!n r. ,', cents to 75 cents lower with soots showing only a 25-cent decline. The whole trade was dull, however, not withstanding the fact that the total supply was only about 41,000 against ua.uuu last weeiv. lows and heifers were down ?K tn Kft ranlo k ,. . J ' ' uut i till - ners clnaod otrmur nulls - .i.-.s. -.uno uiuppeu to 50 cents with few bolognas going over $3.75. Calves were hit hard and most Of the Into A P91q worn i - -. 1 " uvnu ai to $1.25 for the week. . HOOS: Hogs sold 10 to 15 cents higher today with top lots of lijrht lierhts at S7 nt 7 SA .i f , heavy butchers at $7.50. Few rough packing hogs went below $6. Demand l.cld well during the day and few ik.-ss were unsold at tne close. A week a2Tn torlav tun liyb firoc. t-,vT .1 c-t ana the whole traae closed higher lor Liit- piest-ni ween. lambs was placed at 4.500 at the start ju.-. mc imai count leu iar short Oi; the early estimate. About 1,000 head were received by ig killers. Few FT1 IAS "W' Pro m o rlo of cIaoI it -rl . lambs closed mostly $1 higher than a ago wnue agea muttons were ud oO cents. I Features 1 1 Grain Market By STUART P. WEST. Staff Correspondent of The News. Copyright, 1931, by News Publishing; Co. Copyright, 1931, by News Publishing' Co. Chicago, Dec. 24. Wheat trade was exceedingly slow today. The under tone was firm but best prices were not maintained at the finish, in fact resting I -Dcnai 1 ,n ,- IV, r. 1awc. 1 airl Can. I 1,bIUdfltl ' GENERAL 3IOTORS. Unusually sleady selling in General Motors common caused some coimmer. It was done in very large lots and was all handled by two or three houses. One Arm alone disposed of ten thousand shares. There was, however, no un favorable significance attached to tin's selling. It, represented nothing more than the ' tennporary unloading of certain big holdings for the purpose of registering tax losses. The dividend is i mand was qulet. Oklahoma state re- Recei COTTON MARKET CHARLOTTE) COTTnv- ipts today, is bales at London, Dec. 24 -Iau Rn and in Liverpool are cloi ,Ket3 New York, Dec. ! !!; ,.fip change steady. ' 3 ureat Britain (par ji.r r pound sterling): Demand W.5 n cables 4.19 1-4; sixtv h 2 tanks 4.15 3-4. ' tJ da- bill, ranee (par 19.3 rem.. smand 7.98 1-2; cables " v. 1 Italy (par 19.3 cents , and 4.43 1-2; cables 4 , i,:e): man Belsrium fnar 19 a snnta wr nearer the lowest level. Sen- " x-, cables 7 .,:: lr' tlment 13 bullish and this has caused I si iPaor. . . cen'' a let-up in the selling pressure. In I HoiSnd Lap in -7 fact, it is the lack of pressure rather Demand 36.58: cablVV man inq ouying power wiuca nua Mwav -nnr 9R Q - " J- 1 !- i Demand lis!?. f kr, vxy 1 cauiig urucio iu sen wcic trii- countered. Foreign markets were bull ish and this precluded the transaction of any export business. Milling de- ... u not believedito be in any dansrer at all It will probably be declared by Janu ary 4. THE SELLING IN RAILS. Recent weakness in railway shares has common been put down .as prep aration for the November earnings statement, which it is known will compare pretty unfavorably with those for October. No doubt this has been a port showing a reduction of 17 per cent in acreage and making the condition 47 was a bullish factor in July. Ship ping sales were 11,000 bushels. Market closed 3-8 to 1 1-4 cent higher. De cember 1.13 5-8; May 1.17 1-8 to 1-4; July 1.05 1-2 to 5-8. Trade in corn was moderate. There was good local buying and cash houses took goodly amounts. Selling -was r"-r Jiroi, Kwllon lliur ) C D Demand 24.85. Denmark (nar 9ft e uemana zu.is. srori( owiizenana f par 13 3 franc): Demand iflsi " cents Spain (par 19.3 cents &. Demand 14.88. per Pesjt; Greece (par 19.3 cents rer Ar u Demand 4.14. rer Grachra4 Argentina (par 42.44 rPnt0 gentine paper dollar): p-n Brazil (par 32.45 .v 1V1UI1 I I 1 Ta r 111. ' -WW "T1115 milreis): Demand 12. 87. credited to Armour. Cash demand nas dollar): 93 1-2 motive in some cases, but of much i smaller owing to the holiday. Receipts more consequence is the selling which i were of fair volume. Offerings to ar- nas been going cn for several weeks rive from the country were increased to record tax losses. This has told raore particularly against the low priced rails which are down consider ably on the year stocks like the Erie, New Haven and St. Pauls. St. Louis Southwestern preferred is another case ia point. It is much more than earn ing the five per cent dividend to which on the bulge. Shipping sales were 10. 000 bushels. Market closed 3-8 to 1-2 cent higher; December 49 3-8; May 55 3-8 to 1-8; July 56 7-8. There was a big trade in oats and the undertone was strong. There was good buying by cash houses and of ferings wree not particularly heavy. it is entitled and only this morning it , Cash oats demand was fair. Shipping was announced that a committee of 1 sales were 55,000 bushels. Market closed minority stockholders had been formed ti bring pressure to bear for the resto ration of the preferred to a dividend basis. But the fact was that St. Louij Southwestern preferred a year ago was selling around forty and wealthy holders by going out of the stock now car. have a write-off of nearly a ten point loss. r Bond Market j 1-4 to 5-8 cents higher; December 34 1-S; May 39 1-8 to 1-4; July 39 3-4 to 7-8. Covering by January shorts featured the provisions markets and lifted prices. Pork'clossd unchanged; Lard unchanged to 2 1-2 cents higher and ribs 12 1-2 zo 17 1-2 cents higher. CHICAGO CASH GRAIN. Chicago, Dec. 24. Cash: Wheat, no sales reported. December finished at 1.13 5-8; May at 1.17 1-8 to 1.17 1-4 and July at 1.05 1-2 to 1.05 5-8. Corn, No. 2 mixed 50 1-4 to 50 3-8; No. 2 yellow 50 1-2 to 50 3-4. Corn dipped with wheat in the final hour but finished with small net gains th December at 49 3-8, to 55 1-2 and July at 3 35 3-4 to 36. Rye, No. 2, 90. Barley 53 to 56. iiiHiiiiiiiiiiiiiiiiiiiiiiiiiiiiMiiiiiHiniiiHiiiiiiimiiumiiiiiHiitiiiiiiiii mnmmm im' .iiiiiimiiiiiiiimiiiiiiiii iiiiiiiniiuiiiinmS JBy STUART t-. WEST. Staff Correspondent of The News. Copyright. 1921, by News Publishing Co. New iork, Dec. 24. The general bend list was verv little ch.nnv.rf ;, the result of today's transactions and for the dav wi trading was the dullest of the week. May at 55" 3-S Liberty bonds were somewhat firm.'r 56 7-S. . uu indu gains in most ot the mem-1 Oats, No. 2 white 37 1-2 to 38 3-4; - .-i'""-. int.- ui -ru: e which jNO. was upon uiis section ot the market early in the week appears now to have been definitely lifted. In the for eign government division the Brazil S th- French 8s and the Chile 8s were off iractionally while United Kingdom bonds were unchanged. American Smelting 5s did not respond t the strength in the metal stocks on the stock exchange. They even wert a bit lower, although American Smelt ing . shares were up over two points from yesterday's low. The rubber 7 -tb iiiica to sympathize with th -citno'-'i wi uue SCUL-K.S. uuquesne 6- and Wilson first 6s, Cuba Cane 7s and Goodyear 8s were all substan tially the same as the previous day Montana Power 5s came down a hair point. The St. Paul bonds made further re- ' spouse to the reassuring statement nut I out by the president of the company I yesterday in which he said that the . company had ample funds on hand lo ' meet all obligations. There was a i particularly sharp recovery m the convertible 4 l-2s and the 4s fo 1925. ' ihe market for Canadian provincial securities ended the week in a vcrv lull state, with little change in prices Manitoba 6s of 1946 were quoted at H' .-2 bid, offered at 103. The 6s of V930 were 9S 1-2 bid and the Cs of ly 3 vVeiT? bjd' offered at 99. Ontario 0s ot 1943 closed at 104 bid, offered at 104 1-2, the 6s of 1928 were 98 " bid offered at 99 1-4 while the 6s of 192J , were 99 bid. offered at 99 1 1 Timothyseed 5.00 tn r m Cloverseed 12.50 to IS 50 Perk nominal. " " Lard 8.72. Ribs 7.50 to S.50. ST. LOUIS GRAIX. iC!f T n.iio T n j 1.24; Na 3. 1.18; Decency J Corn, No, 2 white 50; n...v 1-2; May 54 1-2. ueabr Oats, No. 3 white SS tn cember 35; May 40 1-4, 1-2; i LI11LAUU bHAIA AND PRotMli Chicago, Dec. 24. WHEAT- Pen Hl8h CI: May 1.17 ui:j: i . July 1.04 Ti LOST: ia!? .. 55 . . 5 6 CORN May , July . OATS May , July PORK Jan. , May , LARD Jan. , May , RIBS Jan. May , uo "-4 5 1 1 s B54 .. 3S5J 391.2 40 9.15 9.17 "jdi 8.00 8.15 8.05 S.25 8.00 8.15 How to Invest! m I CHJCAfiO LIVESTOCK. Chicago, Dec. 24. CATTLE: Receipts 200; compared with week ago; beef steers mostly 25 lower; plain to medium grades showing full decline; she stock generally 25 to oO cents lower: veal calve 1 fu. n 1 off; stockers and feeders 25 to 40 low- ei , uuns ou lower. HOGS: Receipts S.000: hftivo o.j strong to 15 higher than A'esterdav's average with, lights up most; shippers bought about 7,500; good clearances; 'or 1V0 ,fiQn 16-P?"nd average: 7.50 n ?n to.19-POund average; bulk 7.00 to 7.40 niprs 10 to 15 (-outs Viio-v,- on Receipts 4,500; practically alJ packers direct and all on shiDDer account, compared with week ago fat lambs and vearlinsrs ahnnt r, t,ju fat sheep nad feeder lambs steady to ; 2-j higher. ' i NEW YORK PKOVluiONS. Pvew VnrTr Tlof Oi ,t,, . n-,7 . :-r . u t l c i unset 10V CIaniery nigner than extras 7o- iTearael' extras 41 1-2 42: firsts 36 to 41. Eggs steady; fresh gathered extr? firsts 56 to 58: firsts t, e"a erator firsts 39 to 40. ' e Cheese stead v: avpram on to 21 - n -V i- 11 Is What you should know about 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 Wire Connection in Charlotte, N. C. 210 West Trade Street. . BROOME & BURKETT HE fiWiiisiiimiiiiiiimiiiiiiH ,,i iimi:'ii!iiiir:ii:'iii!:iiir to i JUtiN VV. 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. CHARLOTTE, N. t j Dry Goods Market j r By STUART P. WEST. Staff rnrrHiiAiiilfif nf 'i-. - x Copyright, 11)23. by Aeirs PubHshlng Co. New York, Dec. '24. The dry goods market nra.ctica.llv was at o .:i- i aybecause of holmay preparations and the elosiner of tho r.nt!n change. Indications, however, nninti.? to a firm tone in gray g-oods and some SDec.ialtiA.o wh An q j : -m v i . o LittUint resumes next week. A better senti ment is ncticeatlc in regard to .pri ig business. Slitrht arivurx., asked In some cases m siheetinss Sat eens are generally Arm- " Hp; .- rii c or c c DC c a . - ( 1 "Jfcv 7 Here'j How to Join. Simply select the amount you desire to deposit weekly, bring it to the bank, make your first deposit, then deposit this amount, the first of each week as per table below: Pays 25.00 50.00 100.00 STRAIGHT WEEKLY PAYMENTS Deposit .50 Each Week for 50 Weeks 4-00 Each Week -for 60 Weeks 2.00 Each Week for 50 Weeks 2.50 Each Week for 50 Weeks 125.00 The Surest Way to Have Money Is to Save. You Can Join Now RING IN THE XMAS BELLS CUT OUT THE XMAS BILLS Ever Hear fll Joy Insurance! A Membership in Our Christmas Savings Club Now Forming Will Cos: You only a very small sums . 1 ji n .m'nct weeK ana win insure aga beinp- shnrf. nf flash neX o - Christmas. And that mean Joy Doesn't it? No red tape No fusa nor feather- Just look over to the left of this Pint- nut tUn nlnn rf novmpntS tf fits your purse and drop In the B to get your little pass book it's Ing for you now. TheXmasCU Is a National Institution- It matters not how great or Small the income, a roll of ready caf makes a Happy Snappy Christmas. Stead of havlnf? vnur Christmas S-1' ping Bills all "dumped" on you at "j time January 1st, be paytog a few cents at a time. 1'se a 1 your spare change so you can jT. l- ii i 3 V,-.n VOU " jray ii to yourseii anu iui" - - It. Follow that Urge. Join CHARLOTTE BANK & TRUST CO. M. A. TURNER, Pres. 911 i,t,.a m j a " 'ir" ratio nrreet W. R. FOREMAN, Vice Pres. Ob t t irK.ril. U. i. " i t II U-v '!? liai (to Til f 3"g To ; i ui. ' top V : ' idf U'itj au; nt visii nio. Ti f?ai Kazt sour inat. in h fell Tc insir c-ont .4: mar, ''e tl Ar nar Th ,;'!?ht I'Xnre from comp tolrj ' th ; But j and i st y 1 foil, I 1. '"ornf othPr ,t0 hi, as-- in