THE CHASlOTTII 'NEWS, CHARLOTTE, N. C, TUESDAY AFTERNOON, DECEMBER 27, 1921.
17
fa
COTTON
GRAIN
liT ARRET QUOTATIONS; FINANCIAL NEW
A V -Li.
TLTX
EDITED 1
most roam&n maksst acfb
T STXJAJST r VEST-TWP IS
ITJIhl f IM New ront mm
CURB
BONDS
-3T0CH3
RESUMPTION OF
RUSSIAN TRADE
STOCK MARKET ,
IS VERY QUIET
jUisiposs Busy Cleaning
House Preparing for the
Closing of Books.
r s rt nr r- west.
t!IT I TirrmpiiMwriti w. . iw
I pl'.T
Features
j
TUART WEST,
taprrtsht, J2a, ?T ScItii -Publishing
C4.
iftb', '921. .. Ac" J'tnitHnlnf: (.
-:--r.M, Nir YtvrV Dc, 27. Th
i U ' the year v.ivxnnU? a
,,,,.1,1(1 tn ' 'Hi r.i-i.', i nr
ni,ve n he very exception:,!
,iu tradition:' "house Oan.ryt"
orv 1 ( i n- i iyinR it
i1a ,vniTV. 11 not " liiil'ilivi ivn w
ho g.wirntnB' In flu .--., It was
. ' (.-.mi the cntirs ? the various
i iml.iv that the last weix of
lik'ey to at:irr .( tnt ua-
p ;--irdu'. In Ixvtda. it was
X'i.r holiday nnd tht vesM?Ud
;,s especially In the foreigi x
n.i? d 1" otton. Sterling, how
Wus strong again and rinU.-.n':al
vrc puniit higher. Ticmc
-!v sir.' Ftgmneanoe anou; ii'i'se
eeept that they no'ntc 1
it n' a snort nteesr not
e I tv on t -i i -x side o'. the
: li i !.
t!ie
-. fo
rri'e
--! fo
A"
' V'f".'
. n n
. v:
Mo.Mi market Interest eon
ltirely upon industrial stocks,
the equipments, the coppers.
mino- oils ami two or
es. The steels were neg-
s the r;'Ms, the latter still
e ligur upon me t--ar"f
November." Strength In
stll had 'n v;evv tiin
rst for nietnl traile con-
in U.. i n great sirengii
,.;,.? rj LiOi-omotive was again a
o s ir hs been rislit along:.
.(.-. was s sharp jump in Lima
,.vive sto.-ks. The tire shares
' wi-1:' supported out there was
,i iin: in the moiors, the tut
v-p J ly General Motors on its
).'" mkes. having made spec-
,,ffnriment rather cautions about
,.-is in this quarter at the mo-
prfdi,-t ion made by some observ
n more aotive-money market lo-
year end appear unlikely to
st; tied. The renewal rate was
i,ire rixe-i at 5 per cent today but
.-!! the notation on day loans
narked down to 4 1-2. Even with
..neession, lenders found It some
.1 fHoult to set out their full dally
The inactivity on the stock
ve is. of course, scarcely less o? !
i-ontributing- to this easy con-;
than the abundance of the avail
v.oney supply.
,i in rotton and in wheat the
ves at work were the same as at
so of last week. Favorable re
.'f trade conditions both at home
ivoad kept cotton prices pointed
the f:4ce of the increased estimati
r season's supply. In wheat it
inain a case of improved export
;il sustaining the liigiier price
although the trade looking foi tho
cnvernnient report tomorrow to
rather substantially the crop in
ons as given two months "ago.
iouhtedly sentiment was inlliiericed
t'orts over the holidays, especially
:vm "a sliinston )UOtina: liijrn
: : . j in thp grovernmcnt anil in
ms.iicss world as looking for Urt.
r.pxt year. To he sure there
;;. .thins new in any of the stale-
but fonstant reiteration was
, o. American Locomotive and
l.i-i. ouiotive i-ontinuen the leaa
ti'p afternoon stock mark) t.
with the croup of Standard Oil
'!' roveriiis' made itself teit
io'-ink":- and other of the moiors.
,1:1 !'P stocks verc in demand
very favorable annual
People's (las went higher,
si i- micht have hern assumed
-A as the declaration of the ."
: dividend advertised ahead of
',' this action lial Uevn dis-
taiPEn LEAD.
Ther wer no development! in the
copper tral nituatian o Acogunt f y
today's ftirter dtv.Qnatra.ton on th
eppper stlooHn. Tn fatt th? v?eo In the
coppers nil hsa bee, much- r.;5iv
In tit? rvvo o t1!roi!it!ns move
nunt a what In to cnifie, than i'. ha
been n reflation of th'ns fhat have
pcUially happened. The street beHevei.
r.r the Strength of the vopppr atntlstica,
that 122 will dee a gradual advanct
in the price of the moral, a return to
normal production by the end o V"1
sp"lnf' at least and In the second na'f
ol' the year, e. rasvimpton ot dividends
on copper shares. The his accumula
tion of the coopers vas completed sonie
tlmp aso urd w?.s o!" ths Ion? range
sort. In other words the people who
were the pr'ucipnl buyers in the sum
mer and autumn are not temptel to
take the profits which have so far ac
crued. As a result the coppe" shares
have responded readily to the new
speculative buying which came into
them last week, ant? rs founded on
advice given by the leading brokerage
houses to their clientele, that the cop
pers were the safest buy in the mar
ket. At the same time the forma
tion of the syndicate to underwrite
the new Anaconda stock Issued to pay
for the American Brass Company pur
chases, and the word that tins syndi
cate had underwritten Anaconda at .-u
a share, has been a further stimulus to
the copper move. Anaconda crossed 50
today, and the Idea was that the price
would be kept at least at the 50 level
If not higher In oder to permit the
underwriters to unload.
COTTON MARKET
OPENSHIGHER
Ad vance of 13 to 25 Points
Generally Retained With
Steady Undertone.
n stuakt r. WEST.
Star Cnrrftioiideht of The Jievrs.
Cupyrtebt. hr !vr FnbH-bJne Co.
New Yo-V, Dec. 27. 'The cotton
trade found nothing- In over-holiday
news to discourAsre the optimistic r!ow
o general business prospects. Owinar co
at continuation of the Christmas hoh-
ys there were no cables from Livei
rts fronv Manchester In d
reased Inquiry for gooda
WaU Street
New Vork,
the Christmas
t'onal covering'
THE FAVOKITE COPPERS.
Nearly all the coppers either drew
very close to Or went through then
previous high points. This was due
to Kennecott which went through27 J-4
and of Chile which cot well up to the
17 level again. Houses which were
right on the previous rise in Seneca
to 25 1-4 were recommending its pur
chase again in their letters this morn
ing, claiming that the market for tne
stock had been pretty well cleaned up
on the dip from Ho to 21. As ex
plained last week quite a sood deal
of the selling in Kennecott which
made the stock look so weak below 25
came from a failed Canadian house.
In consequence Kennecott was in shape
to rallv more snarpiy man me average
of the group, noce the special liquida
tion had ceased. Butte and Superior
was the feature among the zinc stocks
on the report that, besides the mucn
more favorable outlouk for the zinc in
dustrv the company had struck a rich
vein of copper, not discovered hitherto.
pool but ropo
ceted ar inc
the'-e xoward the end of last week an
reports from the domestic goods trade
were generally favorable. These fe?
Uires. combined with the steady tone
of the stock market and firmness of
early exchange rates, probably pro
moted some scattered buying and the
oter.lng here was firm at an advance of
13 to 25 points, with active months
soon osiiwnig net advances ot to
pcints. There was scattered realizing ;
and a little Southern selling at this
advance, causing reactions of .10 to -
pr.ir.ts from the best, but the small
offerings were soon absorbed and the
market showed a generally steady
undertone.
There were eight January notices
reported in the street, which caused a
little of near-month liquidation but the
selling tapered off on the moderate re
actions in later months made a favor
able impression on sentiment. It was
explained on the ground 'of a generally
steady spot situation in the South, al
though prices are now at the level at
which holders have previously shown a
disposition to sell quit, frequently.
Dec. 27. Events over
holidays prompted addi-
"hori conira.-.s at the
opening of today s stock market. St.
Paul preferred rallied another point on
insurances os the company's easy finan
cial position. Gains of one to two
points were reported by Mercantile Ma
rine preferred. People Gas and Hous
ton Oil. Strength was shown by
Central Leather, Studebaker and Suma
tra Tobacco. The few reactionary foa
tjves Included Corn Products and Utah
Copper. Preliminary quotations for the
principal foreign exchanges were arm.
Bull pools availed themselves of the
4 1-2 per cent, money rate at midday
fo renew operations in selected issues.
Lima Locomotive Increased Its rise to
1 1-2 points and! American Locomotive
advanced 2 1-4. Coppers and several
of the granger rails rose one to almost
two points.
The closing was strong-. Liberty is
sues were firm and other bo mis im
proved. Sales approximated' &50.000
shares.
May Be Brought About by
Changes in Policies of
Grain Market Soviet Government.
NAMED PRESIDENT".
OF SWITZERLAND
"Washington, Pec. 27. Changes in
Soviet Governmental policies, recently
inad or indicated as in prospect, may
eventually bring about a resumption
of trade relations between Russia and
, the United States, it was said today at
: the White House. " .
I Reports received recently bv the
Armour brokers sold wheat. The market: .,a..i
held its moderate advance until just be.""""" wUv ,..-,
fore the visible supply was posted when were most optimistic as; to the course
longs unloaded and depressed prices and
later a. few local shorts sold and deuress-
er prfces. Neither the buying: nor selling I thorities.
was Droau enougn to nave any maii-nai , -n1(J Amer ran f mwr.nicnt. vwaa
already -has : responded " to the
in Russian policy by admitting
United States a-, Russian agent
grain for Russian relief entcr-
Copyrlffbt, 12B, by rr Pvbllibtojor fn.
Chicago. Dec 27. There was a holiday
quietness in the wheat market today. The
only flurry which occurred carr.e about
midday when an Increase of 1.361,000
bushels In the visible supply figures was
posted, whereas the trade had anticipated
a moderate decrease. At tha opening there
was local buying and a lack of offering
until May reached $1,1S at which level
likely to be pursued by the Soviet au-
effect on values. Holiday abroad checked ! state(-j
the
buy
SKW
YORK
Lust
STOCK.
Sale.
1.1 ST.
CHARLOTTE COTTON.
Receipts today, 7 bales at . . . .
.ISc
SEW YORK rOTTOJT.
; :i
MOTOR STOCKS.
Announcement of the cut in the two
principal cars made by General Motors
threw further light upon the sellins m
the stock Sautrday and today. Never
theless the best belief was that the big
blocks -thrown upon the market from
11, down to 10 3-8. represented selling
to establish tax losses. The price re
duction was merely bringing Genera'
Motors into line with the others which
had been doing their cutting earlier in
the year.
HOLSTOX Olf..
The Houston OH Company does
seem to be in the least worried
the encrocahment of salt water in
Mexia field in Texas. Failing in
eftorts to stop the now of
one of its wells it brought
not
by
the
its
water In
in a new
7.000 barrel well iust a few feri away
from The well has been drawn salt
water. Tt was explained today tiia
the water was encountered when the
drilling went too deep and that efforts
will be taken to prevent such an oc
currence in the future.
Dry Goods Market j
I! Tl ART I. WEST.
MafT Correspondent of The Sew.
1 ii. rtu I. : r.'Uj.i.y AeTi Publishing: Co.
v n )'. 27. The drygods
under way slowly after
V-vi holiday but a strong
v,v i-. i.lrnced in a number of
' -ire, i iu I'arly strength of
-:.,(;: for :hc raw staple. Priut
.: ;;;."! very steady- with some
i ;trm:v tor siint aa
.'!; p-i ins markets also
.'tendier and sales a-e
for deliveries in the next
Trc inventory period now
- counteJ on to show ju.-t
stocks have Krown in
i'Hf finer lines are being
" ;cnr although tiire is
tra ling in the ch-apev
'.v.vns and Swisses. A
.nims is reported in some
Allis-Chalmers
American Beet
A merican
American
American
American
American
An erican
American
American
American
American
American
Anaconda
Atchison
At!.. Gulf
Sugar : .
Can
Car & Foundry . .
Hide & Leather
International Coi
Locomotive . .
Smelting & Ref. .
Sugar . .
Sumatra
T. & T.
Tobacco
Woolen
Copper
pfd
p. .
Tobacco
SecV
New. York. Dec. 27. The more op
timistic feeling with reference to gen-
ral business prospects which had de
veloped in the cotton market before the
holidays was quite apparent at ic
opening today. , uwing to tn rmunu
ation of the holidays in England there
were no Liverpool cables but over-
holiday reports from the domestic goods
trade were tavora Die anu mere vvnc
foreign buying orders in the market
here which opened firm at an advance
of 3 3 to 25 points with January selling
up to 18.72 and March to lS.njit ngnt
after the call, or about zv to a point.
ret highre. Houses with Japanese and
ontinental connections were anions
the early buyers, but tbe advance
n et some southern selling and realis
ing, which eased prices off a few
points from the. best. Eight Januai y
notices weve reported in the street.
leading to some scattering liquidation
of the near months.
Small realizing- sales were absorbed
on the early reaction or eignt or iuuj
points and the market was very quiet,
but steady later, with January working
up to 18.74 and March to 18.66 or about
to 30 points net lugner on tne gen
eral list. Private advices from tne
South indicated a generally quiet but
stfady spot situation, with little oj no
demand and equally small offerings.
There was no increase m the volume
of business of fresh news feature, but
the market, showed a very steady tone
during the middle of the afternoon.
with .Tanuarv sellinsr around 1S.i2 and
March 18.70 or 26 to 35 points net
higher.
CLOSE SEW VORK KPTCRES.
Dec. 27. Cotton futures
iri;
p
HICA( POULTRY.
Icc. 27. Poultry,
'wis Iti to 25; sprin;
: roosters 1.
alive
:s 25 ;
SHIRT AM) COLLAR STOCKS.
The violent advnace which has occur
red in Philip Jones stock recently has
ttracted attention to the situation of the
other companies in the same line of bus
iness. namely Cluett. Peabody and Man
hattan Shirt. The rise in Phillip Jones
is due to special reasons. Earlier in th
vmt ihe ramnnav eot hold of a new style
collar and nroflts are reported to be re
markable from this one line alone. In the
i.9w of Manhattan Shirt, which had
little flare-up recently, this company also
is rpnorterl to have worked itself out of
i Iip rpadiustment period and is now in
E-nnrl shane and doinE a very good busi
ness. Manhattan Shirt stock is very close
ly held but those in control ot it pay
very littleattention to its market actions.
luet-Peabady came into 1S21 owing tne
banks over $10,000,000 and carrying a
very large inventory. Drastic cuts nave
been made m this inventory wnicn is now
reported to be down to normal size and
the compnay will enter 1922 clear of debt.
At one time the Cluett-Peabody debt was
said to have been nearly 45 per cent of
it tivBft ranitl. The compnay nas escap
ed new financing by sacrificing its common
dividend and drawing neaviij upon ci.c
surplus, and it also saved us preierreu
dividend. Now there is beginning to be
heard talk that the common aiviuenu
may be resumed.
New
closed
.Tan.
March
Ma y .
July .
Oct. .
York,
firm.
Open
1R.60
18. 50
18.03
17.65
16.95
1 8.90
1 8.S5
18.33
17.!h
17.00
Low
78.53
1 8.45
18.00
1.7.61
16.S5
ClOM
18..5
IS. 82
IS. 30
.17.88
16.91
New-steady
NEW YORK SPOT COTTOX.
Spot cotton
York. Dec. 2
middling 19.20.
XEW ORLEANS COTTOX.
EVERYTHING
Jn High Quality
Building Materials
JTlIf mouldings are
U. right, you don't no
1 tice theni- They fit
easily into the general
scheme of a room. If
they are wrong they
sPoil the whole interior.
There are mouldings for
every purpose. We carry
a complete assortment.
Bond Market
CITIZENS
Lumber Company
South Boulevard
f-hones 3472-3473
New Orleans. Dec. 27. Accumulated
buvinsr orders had to be filled in a
narrow market on the opening in cot
ton todav and prices were sent 20 to 24
points higher in the first half hour jf
the session in consequence. January
went to 17.71. Most of the buying was
based on the growing strength or tue
statistical position.
Somewhat better accounts trom do
mestic wholesale cotton goods marnets
and reports of at least slight improve
ment in the spot inquiry nere ana
there in the interior increased the de
mand for contracts which was met.
during the greater part of the time by
small offerings. Late m tue mornins
prices were 23 to 33 points higher than
the close of last week with January
up to 17.84. but at noon the market
was about 10 points off from the high
est. . , ,
The tone was very firm in the early
afternoon. The market was poovly
supplied with contracts and a constant
trade demand wsa felt. At 1:30 p. m.
prices were 2fi to 36 points up with
January at 17.87.
CLOSE SEW ORLEANS FUTURES.
& W. Indies ..
Baldwin Locomotive . . . . ,
Baltimore &- Ohio .. .. ..
Bethlehem Steel "B" .. ..
Canadian Pacific .. .. ..
Central Leather
Chandler Motors
Chesapeake & Ohio .. ..
Chicago. Mil. & St. Paul ..
Chicago, R. I. & Rac
Chino Copper
Colorado Fuel & Iron .. ..
Corn Products .. .. ..
Crucible Steel
Cttba Cane Sugar ,, ,.
Erie
General Electric
General Motors
Goodrich Co. .... , . . .
Gieat Northern pfd
Oreat Northern Ore ctrs
I.linois Central
Inspiration Copper
Int. Mer. Marine' pfd
International Paper
Kennecott Copper
Louisville & Nashville ..
Maxwell Motors
Mexican Petroleum .. . ..
Miami Copper
Middle States Oil ..
Sl-'dvale Steel
Missouri Pacific
New York Central .. .. ..
N. Y.. N. H. Hartford ..
Norfolk & Western
Northern Pt&ifie
Oklahoma Prod. & P.ef. . .
Pan American Petroleum . .
f Minsyivana .. .. .. .. ..
People's .Gas
Pittsburgh & W. Ya
P.ay Consolidated Cjpper ..
Reading . . . . .
Rep. Iron & Steel . .
Roval Dutch, X. Y. . .
Shell Trans. Trad. . .
Sinclair Con. Oil
Southern Pacific
Southern Railway
Standard Oil of X. J.. pfd . .
Studebaker Corporation ..
Tennessee Copper . . . .
Texas Co
Texas & Pacific
Tobacco Products
Transcontinental il ..
Union Pacific
T". S. Food Products .. ..
United Retail Stores .. ..
V. S. Intl. Alcohol
U. S. Rubber
U. S. Steel . ..
Utah Copper
Westinghouse Electric ..
AY illy s Overland
Pure Oil . .
Atlantic Coast Line .. ..
Coca (Tola
Gulf States Steel . . . ,
Seaboard Air Line
Slr.ss. Shef. Steel & Iron
United Fruit
Yirginii. Caro. Cham.
American Tobacco
American Zinc
Ft. vincible Oil
International Harvester ..
General Asphalt
145
59
11
10H
15
52
33
114
80
50
92
32
99
3 4
56
119
30
49
55
18
28
2 4
97
6
7
10
140
10
36
i .
32
!lfi
10
. . 1
53
1,0'
3-8
1-2
1-4
3-J
1-2
3-4
1-4
3-8
1 -S
1-8
1-4
3- 1
3-4
7-S
1-2
1-8
3-4
I -- 6
5-S
1-2
1-4
1-S
. . i. . . . .: . . . , 1 1 1 - . .i -. -. .1 i 1 ; ,,-1 , 1 . . i
t-. . ! ... - .. . . : 1 ; . 1 11(11)1
upiiri. .r i micti i true l jj t.o eti t; luiiiiui n&ui. ,
er. Minneapolis wheat stocks increased t0
11 5 000 biisbe.ls for thrpp ilavs. MO
The trend of corn prices was similar j prises
to that of wheat. A laek of offerings gavel
the market V firm tone early but the in-
crease or 3,310,000 bushels in tne visible
supply tended to cause longs to trim down
their lines. The shipping demand for corn
was light and as offers to exporters were
at higher limits there was little business
done in that quarter. Receipts were lighter
and offerings to arrive were of limited
volume.
Oats were quiet. The market was given
support early but the depression in other
grains induced selling: by earlier buyers.
Cash demand was light.
Provisions were firm. Commission houses
bought on higher hogs. A little changing
in ribs was also noted.
The estimates recently submitted to
Congress by tin? Administration, it
was recalled today in other .quarters,
called tor an appropriation fur the sal
aries of two trade commissioners and
one clerk in Russia. Department of
commerce officials, however, have ex
plained that, while there is no imme
diate intention of sending commercial
representatives to ihst country, the.
Department, in stibinittino, it's esti
mates for the next fiscal year,
merely preparing: Itself to meet
j possible developments along that
I ' 1
Sf 4- t
.SB f2? wf
was
any
line.
1-4
1-2
i-s
i-t
5-8
1-S
i - '
Chicago, Dec 27. Bullish sentiment
predominated in the wheat market to
day during the early dealings. Opening
quotations, which varied from 1-8 to
7-8 cent higher, were followed by a
continued moderate, display of strength.
Wheat closed heavy, to 1 5-S
cents net.
Corn hardened' with ' wheat, after a
hesitant start. The opening was un
changed to 1-4 cent lower, but Hen
sLght gains were -scored.
Corn closed weak 3-4 to 1 cent net
lower.
Oats took tne same path as wheat,
opening 1-8 to 3-S cent higher and
making: an additional advance later.
Higher values in the hog marktt
gave a little firmness to provisions.
114 1-4
27 1-4
13 3-4
7
17 3-4
73 3-t
12 1-2
96 1-2
7S
2 7-8
5 2 5-S
63 1-2
2 4 i-2
1 5
72 1-2
- 50 7 -a
50 7-
AH 1-1
21 3-1
73 - ,
IS 5-S I
113 7-S
81
10
4t; 1-4
27 1-4
64
11 1-2
125
10 3-8
52 ".-1
39 1-2
5 1 14
81
64
50 1-2
5 ::-i
37 7-S
S3
41 1-t
15 1-2
' 2 7-3
38
122
27 3-4
132
13 3-S
15
SI
6-J 1-2
CHICAGO
Chicago,
WHEAT
Mav . .
July ..
CORN
May
July k.
OATS
May ..
July . .
PORK
J n a.
LARD
Jan.
May . .
RIBS
Jan.
May
C.RAI A7fl PXcOVISIOKTS.
Dec. 27.
Open High Low Clos
.1.17
..1.05
IS
06
1.16
1.04 Vi:
1.1 6
1.01
5 5 5 5 Vi 5 4 5 4
56 57 56 56
39i 39 38 s; 38 i
40 40 392 3:V2
" 14. So
8.77 8.80 8.77 s.77
9.17 9.22 9.17 9.17
8.05 8.05 8.02 S.02
8.23 S.25 8,22 8.22
BANQUET GIVEN AT
ACADEMY OF MUSIC
Wheat. No.
hard 1.14 1-i
CHICAGO
Chicago. Dec.
1.15 3- -; No. 2
1-2.
Corn. No. 2 mixed 49 3-4
No. yellow- 49 3-4 to 50 1-2.
Oats. No. 2 white 36 1-2
No. 3 white 34 1-4. to 35 1-4.
Rye, No. 2. 89.
Barley 50 to 57.
Tnnothyseed 5.00 to 6.10.
cioverseed 12.50 to IS. 50.
Pork nominal.
Lard 8.77.
ttibs 1.50 to S.50.
to
red
1.15
to 50 1-1
to 3S 1-1
After two matinee performances had
been given in the afternoon and two
night performances . M on day night, the
performers on the Keith bill became
the guests of the theater at the annual
Christmas midnight banquet which
has been given "behind the scenes"
every Christmas for years and under
the supervision of several managers in
succession. Manager Claude L. Lee
was host and was toastmaster of the
occasion. A banc; net described as one
of the most sumptuous that the guests
ever sat down to was served on the
long tables placed on the stage and
carefully and artistically decorated.
The banquet was arranged and served
under the direction of Mrs. W. L. Dev
ereatix. Afte.- the banquet had been served
there was a program of speeches,
songs, and stunts, all snappy with the
originality that show folks know well
how to put in it. Then followed a
.dance..
I The Keith people present included
Pollard, the manipulating comedian;
Joseph M. Regan & Company: Lane
& Harper, Adonis, of the novelty ar
tistic offering on the program and all
the members of the Keith orchestra.
The wee sma' hours had come before
the event was over and the merry
makers had gone home.
Those who attended the four per
formances that were given in the
Keith house on Christmas day and
night declarei the program of the first
half to be an exceptionally meritor-
I ious one. Dewey & Rogers in a skit
J entitled "Tomorrow" are credited with
. i Robert- Haab.
Robert Haab will take office Jan.
1 as president of Switzerland, suc
ceeding Edmund Scbulthess. Haab
is a member of the federal council
and minister of posts and railways.
JOHN F. ORR SHOWS
CRITICAL CONDITION
The condition of John F. Orr. well
known Charlotte citizen and for many
years cashier of the First National
Bank, who is extremely ill at his horn-:
on East avenue, was reported Tiler
day afternoon as being unchanged.
Manlius Orr. a son who lives in Schen
ectady. N. Y.. has arrived in response
to a telegram announcing the precari
ous condition of his father. Physicians
do not expect Mr. Orr to survive niany
more days.
NEW MUSCLE SHOALS
OFFER TO BE PROBED
Washington, Dec. 27.
Weeks today advised C. C.
head of the San Francisco
known as the Construction
of North America, that he
glad lu meet representatives
Secretary
Tinkler,
concern
Company
would be
of the
corporal ion the first week of January
and discuss any offers they might,
make for the operation of the Musch"
Shoals, Alabama, nitrate an power
plants.
being a. star act and Lane & Harper,
in "Hits of Variety'" were also de
clared to lie specially clever. Many
guests at Keith's Monday afternoon or
night said Joseph M. Regan. Ihe lrisri
tenor, was in a class by himself for
sweetness of tones and the appealing
qualities of his really splendid voice.
and American Tele
6s led the telephone
By STUART I. WEST.
Sintr Correspondent of The vrs.
c,krl,i lltll.hr PWM PlltlHlDt t
Wa strf.pt. .New lors. uec. si. iiui
r. ..v. t-i-itioiis the. bond maricet tociay ire-
1 . -1. c in-)i .;tli -,ri.
can tne Closing weciv ui i-i. im
H,nfDi of srrenfftn. 'tne wnoie list was
firm I.bertv bonds gained Muusianuduj
and the loans of foreign governments weie
. a i t 1 a t c , I c; nr lie
in tne main u jnnti i-n w; vs
trial favorites were steady anu nwuu
til, r-aiic wprp Inn ui) eoiiaiaerauiy uvci
tl-.A ,.ls-ttTicr nrifps fif I3SL xAOCK.
The advance of Lelgian x-s anu as
nti wore notewortnv ui me "Jic'S"
nrornment ssection. Swiss 8s and Swedish
---- - . r.,..,.
i:e rainen annul a noun. m.uva vumcu
ioo-n i.-'i were ui a half point. On
the other band United Kingdom 5 l-2c of
i'j-)7 at It.'l were oeiow ineii luneoi
r urovinns weelv.
Th" strength ot industrial uunus
in apparently all the representative is
sues including copper, sugar and tele
nhnno hnnrls. American Smelting 5s got
up over a half point
d Teleeranh
issues. ;uba tane ausm
points. Better prices were reached also
in United States Rubber 5s,' Western
Union 6 l-2s and Virginia Carolina Chem
ical 7 l-2s. The rise of New York Cen
tral 3 l-2s from 73 1-2, Saturday's final
price to around 75 was one of the points
of strength- in the railway section. I his
advance was accompanied by a move into
higher ground by all the St. Paul issues,
Kock Island general 4s, Kansas City
Southern 3s, Northern Pacific bs, Chicago
and Erie 5s. Union Pacific convertible 4s
and the various bonds of the Missouri,
Kansas and Texas Railroad Pennsylvania
7s and general 5s- were down about a
point. There was unusual activity in the
tractions.
M,. f it-K' nr I'liieasro nas auiu o,vvv,.u
five per cent bonds to R. M. Grant and
Compnay. The money secured trom this
h " . ...ui tw, ed to nav deficits m the
;.V.oiiio r.nrr.orat-2 fund. The bonds
were Hold at par. An lsue of over $12,000,
000 five per cent first and refunding mort
ra bonds ot me
Compnay is expected
New
steady
points.
Jan.
March
Mav .
Ju ly .
Oct.
Orleans,
at net
Dec. 27. Cotton
advance of 30
1 7.55
17. 5S
17.35
1 7.00
16.29
17.98
18.00
17.67
17.30
16.52
Lot'
1 7.55
17.58
17.35
17.07
16.29
closed
to 44
Close
17.95
17.97
17. 2S
16.52
NEW ORLEANS 9ruT COTTON.
New Orleans. Dec.
quiet and unchanged;
ncne; to arrive .91.
Low middling 15.75
good middling 18.50.
" Receipts 7.10; stock 371,29
27. Spot cotton
sales on the spot
middling 17.50
j Cotton Opinion
International
soon.
Paper
..-. viiuk- pno VISIONS.
York. Dec. 27. Butter unsctucu,
v,irher than exxras 11 X't u
extras 41 ; creamtu
lirai.3
New
creamery.
42; creamery
.... . . r, i
"ri... it .a- fresh gathered, extra
..r !m s: do. firsts 50 to 53; relrig
erator firsts 39 to 40.
Cheese easier; average
run 20 1-2 to
. r w: TV . n K A VA L STO RES
Cvannah Ga., ec.27. Turpentine
firm 74 1-4: sales 323; receipts 392;
shipments 190; stock 12,695.
ShRoln firm; sales 484: receipts 1..89;
.Mntnon Z.Z'JO: Siociv ov..7o.
Quote: B D E
3 92 1-2; I 3.92 1-:
5.15; N 6.30; WG 5
vow Ynrk. Dec. 27. The market
has been moderately active at a id,
advance, which has nem very wen m
the absence of any selling pressure
from the South, a ract wnicn nas i
tracted a good deal of comment as sug
gesting that the bulk of the cotton
formerly ior sa;e ai cms ieix, n.-
readv been absorbed. -avices
the iocal goods market were favorable
and told of a good inquiry irom uig
i-.itcrost soliettine: firm offers. In some
cmarters the opinion is expressed
while later, prices may be nignei
ii,.vplnnme.it.i during January are
iv to be distpoomting as tne
has gone rar enougn
bullish developments
Curb Market j
B.r STUART P. WEST.
Salt Correspondent of The News.
Copyright, by New Publishing Co.
New York. Dec. z. inere. was a.
spurt of activity and Strength in the
first half hour on the Curb Exchange
todav, due to an accumulation of
lieav'v buying orders by commission
houses during the holidays but after
tiiis demand had oeen supplied the mar
ket drifted off and an irregular ten
dency developed. The professional cle
ment was selling, apparently for the
purpose of evening their accounts for
the end of the year.
Imperial Oil of Canada was in fair
demand and resisted the downward
movement elsewhere by holding an
advance of about a point. Standard Oil
of Indiana, was distinctly strong. Thic
was also a fair inquiry for Standard Oil
of New York. Imperial Oil of Dela
ware was fractionally higher and
Simms Petroleum was steady. The
Cities .Service issues were the leaders
of the remainder of the list. The old
common at one time was off six po-.nts
but rallied later on short covering
The hankers shares were lower.
Durant Motors of Indiana, was the
etnter of attraction in the miscellaneous
srtonn. It touched a new low. Inter
continental rubber was in supply and
li-. ere were auite some selling in R. J
Reynolds after that stock had scored
an earlv advance. The coal shares
were irregular. Farrell down a frac
tion, while Glen Alden was a shade
hisrber. West End Chemical was in
fluenced bv the announcement that the
new solar evaporation process for work
ing the brine from i?earles Lake had
been demonstrated to be entirely suc
cessful.
Minlne: shares continued quite active
hut nrice cnanges generally were l
regular. Nipissing was lractionauy
lns-her. "Roston and Montana was ine
active feature but was easy.
j Live Stock
Copyright. 18:31, by News PubHuliius Co. I
Union Stock Yards, Chicago, Dee. i
27. After the holiday and also because;
of the slow and lower market for all
kinds of cattle last week, the run wis
light rtda-. Better weather conditions
helped tne trade for all sorts of cattle.
Hogs were also up. Colder weather
helped eastern points to handle the
ready product and live hogs got the
benefit. .
Receipts of livestock at the local
vards for the dav were esitmated at
7,0fiO cattle, 4 4.000 hogs. 13.000 sheep
and lambs and 3.000 calves, against 2."
771 cattle. 85.504 hogs. 27,937 sheep the
first two days last week.
CATTLE: Cattle trade was mostiy
strong to 25 to 50 cents higher. Bulk of
steers went at $6.2u to ?s with choice
heavy lots at $9. No strictly prime
earlings arrived. Cows and heifers
also -were 25 to 50 cents up for the best
while canners went at $2 to $2.0 on a
strong to 2o cents higher market. Pack
ers Daid $8 to SS.oO for choice vea
calves while outsiders went up to ?9
for small lots on a strong to 2o cents
higher trade.
HOGS: All grades or nogs spid to
0 cents higher after the first deals
were quoted 1U to cents up. fnm
ight hogs sold at $8 while pigs reached
$S.25. Heavy butchers sold mostly at
$7.25 to 5 1. 50 while tew packing bogs
went below $6. The trade was active
and comparatively few hogs were un
sold.
SHEEP: Fat lambs were strong to
.i cents niguer. rai'Kers pam uy ;o
$11.60 for top lots while most of tne
choice animals went at $11 to $1l.;0.
Feeders sold up to $10.i0 while lig.it
vearlings went to killers at $10
choice ewes at $5.25.
JOHN W. TODD, C. P. A. P. H. McCOLLOUGH, C. P. A.
AUDITS, EXAMINATIONS, INCOME TAX RETURNS,
BUSINESS AND COST SYSTEMS.
TODD & McCOLLOUGH
Certified Public Accountants
(North Carolina)
1 4 (ialloway I5ui!ding.
CHARLOTTE, N. C.
that,
ad vance
to discount the
to date. The Jan
uary premium, nmeiei. uaa ucm ........
firm, though it Is said mat Japanese
interests are. intending to render about
8 000 bales of the cotton taken up on
October and have finished shipping
from that lot. Exports for Saturday
and Mondav amounted to 4o.000 bales
with several points not yet heard from
and S.000 more were cleared today up
to 1 o'clock. Spot advices reported
the demand not urgent but cotton run
n :r o- iri fair volume steadily and an
increasing difficulty in securing good
grades with satisfactory staple. The
situation does not yet seem firm enough
to warrant following closely on ad
vances, but we think declines win oe
(rm norarv and should be used to buy
tur. Snrinff and Summer months and
the early hew crop position.
POST AND FLAGG.
CHICAGO POTATOES.
F Cr 3.90; H ::.J0
; to 3.95; K 1.75;
.55; WW 5.95.
Chicago, Dec. 27. Potatoes
. vnriirn white sacked 2.00
cwt; do, bulk 2.00 to 2.20 cwt.
Idaho Rurals, sacked 2.1o cwt
firm.
to 2.10
- SILVER.
New York, Dec. 27.
SiJver 64 3-4.
Mexican. dollars 43 1-4-
-Foreign bar.
NEW
York.
YORK
Dec
MONEY.
New York. Dec. 2. Call money
firm- hisrh 5: low 4 1-2; ruling rate
closinar bid 4 1-2; offered at 5; last
loan S.
Call loans against acceptances 4 i--
to 5.
Time loans nrm; tu aays. o to o x-
90 da vs. 5 to t l-l; b montns, a to
1-4
Prime mercantile paper 5 to 5 1-4
ST. LOUIS fJRAIN.
St.
Louis.
1.17 to 1.20;
7-8; May 1,
Corn. No.
49; May 53
Oats. No.
May 40 1-4,
Dec. 27. Wheat, No. 3 red
No. 4. 1.12; December 1.12
14 1-4.
2 white 49 1-2; December
1-2 to 53 5-S.
1 white 36: December 35
-COTTONSEED OIL.
New York, Dec. 27. Cottonseed oil
closed dull. Prime summer yellow
S.30 to 8.50: crime crude .10 bid. De
cember S.38: January 8.35; February
st so- iareh 8.75: Aoril 8.84; May 8.98
j'ene 9.0S: July 9.23.
Total sales 5,500.
CHICAGO PROVISIONS.
Chicago, Dec. 27. Butter easy
erv extras 42 1-2; firsts S3 to
standards 37.
Eggs lower; firsts 48 to 49:
nary firsts 42 to 44; refrigerator
40. ... ...
; cream
40 1
ordi
38 to
and
CHICAGO LIVESTOCK.
Chicago. Dec. 27.
CATTLE : Receipts 7.000; beef steers
and better grade fat cows and heifers
to 50 cents higher; quality plain;
lower grade she stock, bulls, stockcrs
and feeders steady to strong; top
steers 9.000; bulk 6.25, to ..i.; calves
strong to 25 cents higher; bulk vealers
8.00 to S.Ud; tew cnoice s.ou ana
higher.
HOGS: Receipts 41,000; 20 to .ai
cents higher than Saturdays average;
spots show more gains: mostly to yard
traders, shippers and a. few small pack
ers: top 8.00 on lo'i-pound weights;
bulk 210 to 250-pound weights i.l- to
.65; pigs 20 to SO cents higher: bulk
desirable mostly S.00; few at .s.25.
SHEEP: ' Receipts 13,000; generally
steady to 25 cents higher; fat lambs to
packers early 11.2.T to 11.40; sheep
11. B0: some held higher: good 90-pound
yearlings 10.00; goefd 104-pound ewes
5.2.-: choice comeback ieeuer iambs
R.50.
1 II
I i m mftbCW Cr ; B 7 VTUW 7 t AbMt.ii II I III
1 B
FOREflGI-i
York, Dec.
EXCHANGE-
27. Foreign
ex-
New
chanee firm.
Great Britain (par $4.m &- per
pound sterling): Dema.nd 4.20 l-l:
cables 4.20 3-4; 60-day bills on banks
4.17 1-4.
France fpar 19.3 cents per franc);
Demand 8.03 1-2; cables 8.04.
Italy Coar 19.3 cents per lire): De
mand 4.43 1-2: cables 4.4 1.
Belgium fpar 19.3 cents per franc):
Demand 7.71 1-2; cables 7.72.
Germanv (par 23.8 cents per mark):
Demand .54; cables .54 1-2.
Holland (par 40.2 cents per guilders
cables 3b. bl.
26.8 cents per krone):
26.8 cents per krone):
Demand 36.55
Norway nar
Demnad 15.85
Sweden (par
Demand 24.90.
Denmark (par 26.8 cents per krone):
Demand 20.10.
Switzerland (par 19.3 cents per
franc : Demand 19.50.
Spain (par 19.S cents per pesota):
Demand 14.93.
Greece (par 19.3 cents per drachma),
Demand 4.20.
Argentina (par 42.44 cents pe: Af
gentin paper dollar): Demand 33.37.
Brazil (rar 32.45 cents per. paper
milreis): - Demand 12.87.
Montreal (Dar 100 cents per Canadian
dollar): 94 1-4.
You'll Smile Too When You
Have Joined Our Christmas
Savings Club
It's the one big thrift plan which makes everybody happy
"Dad," Mother, Sister Sue, Bobby and all the rest of the'
family.
CLUB
IS NOW FORMING. A PLAN TO
PURSE. A MEMBERSHIP FOR
HERE'S HOW IT MOUNTS UP:
FIT EVERY
ALL.
$2.50 A WEEK MOUNTS
$2.00 A WEEK MOUNTS
$1.00 A WEEK MOUNTS
.50 A WEEK MOUNTS
UP.
UP.
UP.
UP.
125.00
100.00
50.00
25.00
NEW YORK POULTRY.
New York, Dec. 27. Live poultry
steady: chickens 25 to 28: fowls 20 to
30; roosters 16; turkeys unquoted.
Dressed irregular; western chickens
2S to 43; fowls 17 fo 33; turkeys 49 to
52.
JOIN TODAY
Select yonr plan whatever
you can -pay weekly for 50
weeks; you won't even miss
it. Get in the line of smiling,
happy 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 H?" Answer him
"No." Tell him ..that $5.00
and 910.00 Bills now are bet
ter than shopping - bills on
January 1st.
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. -
Charlotte Bank & Trust Co.
214 East Trade Street.
M. A. Turner, Pres.
W. R. Foreman, Vice Pres.
H. Leech, Cashier.