North Carolina Newspapers

THE CHARLOTTE NEWS, CHARLOTTE, N. C., FRIDAY AFTERNOON", DECEMBER 30, 1921. 17 i-4 . . i . 1 . v J, rorroN . GRAIN MARKET QUOTATIONS; FINANCIAL NEW THE MOST COMPLETE MARKET PAGE P CRUSHED IN THE CAROLINA EmiTED BY STUART P WEST Tor U Yean Vtaaaei&l Editor of Tfc New York Gtofca CURB BONDS STOCKS STOCK MARKET MOVED SLOWLY - Operations Conducted in r:,sh Because of End of the Tax Year. It, -.11 A Hi 1-. I'.S T. :( ( irri's(i(i(lMt of The on. ,(. I :!.'!. F A own I'liltllsliiou Co. , New ork. Doc. :;o. ;-.-U"t. i!i! in MDcks and -,i complicated by tax ie , )': ;is to scarcely rtpre m at These operations ...ir lintel for cash lieoaiuc : ansae! ions initiated today wav would not figure iii . ;- I '.'21. Purchases and sales f i r hose "regular way" then .m"s of a half point to rt inv.!vpii. undoubtedly a ;, . of sales but there was ;t of short cover in?? also ly short side who had . onl. rl'hc result was a i ii ' use. 1 movement of pi ic. s i underlying note of War! y ;i 1 1 I lie moves in us were upward and. in . I iie rise was unite -n :i. h its tax selling', for a i:is been telling against .i of stocks, down 111.110-;.- year. 1 he prospect ot i.eing lifted. as it. , '1 ,iii's is resinned next , - not lost sis lit of in Hit ;" the day. It was laryeiy the strength of 1 ,-'c A - and some of the low like Si. P;i nl common a :id 1 s-1 loeluiek naturally had an; urn on the overnight .:' the measures taken . o:nia ny's financial po- i" o or the period .; - m:i. There was pai ;: in Anierieali lie, ot.ui- 1 '.liifornia. Railway Steci muting. Tabulating: and 1 numerous othre spec ial-L-.:eaer part of the li.-.r. M'.y tirin. was dull and j a as a feature also in the i;i inasmuch as most - : i s; well above what t iu y , ; l.i and because there, is 'est in bonds aa there is ' was not the factor in . :!;m that it was in the i',: money market lu1. '"'!. when tliere tva.f -: of the Hurry on what - us business day of the .viewal was fixed at live .ruc its on previous days. iic eioimiciit in the cs - .0 rather sharp recovery This could reasonably i- an expression of belief a:sk ; roubles indicated by - 'isjifiisioti had at . length 1 af:or being long- atitiei .e same time it reflected ;' measures which the . 11. m is taking to eas r I Features 1 tl TL' ART P. WEST. MalT Correspondent of The Amts, Copyright, l2l, by New Publishing: Co. TAX O I'KH ATI OX S. Ttiinsactions that were inspired by if-come tax considerations cut a laiye I'Kure i;i the narket todav. In-isniu-h a.; only purchases and sales for cash cculd be cleared today and tomorro-.v tbat is in time to count in the record of lfJl. there were an unusual number 01 these. In the low priced rails Jird in the industrials which were down considerably on the year, it was the poller who was establishing his losses. In the ease of other stocks, like the equipments, which were a goo I deal higher than they were 12 months a-o, j' was the speculator on the short .;)d buying in his contracts, who was regis tering: his losses. It was a veritable held day for the specialists and other brokers who had stocks rcadv for prompt delivery. Thev could buy one moment a half point down from the s- Her for cash and turn out the sloes the ne- tmoment a half point up to tlio purchaser "resular wav." This was the first day also in which rich men bavins profits could take them aid r.o! have 10 reckon with the severities o the old tax law. For transactions today other than those for cash wer-; not to be cleared until Tuesday when the new and more lenient . income tax measure would be in effect. roitr EXCHASCE. 1". Koreign ex- i; .ai'i ( nar $4.83 5-3 per - ' tr 1 ; I 'einand 4.21; cables : -'lay bills on banks 4. IS. 0 'i.ar cents per franc). ! vl. .i"nles .S.04 1-2. u.ar Ki.:: cent? per lire):' Dd- : . ables 4.r!4. . is : .u cents per franc): : 7 '' .-li Ides 7.70. 1: par "" S cents per mark): 1 : ' : cables .."1 ;;-). ul 'fir 41-.2 cents per guilder . I : ." ; . aides 30.91 ,c . j.a : 2(5.8 cents per krone): ' pa: J r L!ld lli 1 J. a.uid 1 .u- 100 IS cents per krone): 25. S cents per krone): rar 19.3 cents per .0 cents per. pesota): Z cents per drachma) 42.44 cents pe. Al liar 1 : 1 lemand :irj..1n. .'.4a cents per paper 2. vii. cents per Canadian SltiAR STOCKS STRONG. Xo group of stocks can move nowa days witnout starting- a merger rumor. When the sugars began to get active 01: the upside tins morn Ins the story passed around quickly that there was to be a combination of some of the fuban producers with one or two American refiners. Of course there was little or 110 real basis for this 1 eport and it was wholly unnecessary as an explanation for the adwance in tl e sugar shares. The market for sugar securities has been long ex posed to the very worst possible trade news, and when a market knows the worst and has thoroushly adjuster it self accordingly, an upward turn i.: nivaivably near. A further rca.-or. for the sugar stocks getting better today was that they had suffered al most more than any part, of the indus trial section, by the selling to recoid tax loss and from this selling they are now to be relieved. LITTLE COTTON ON THEMARKET South Holding on to Staple; Quotations Up. Several Points. Wall Street c;e.eiaii motors. Some of the selling" of General Mo tors today was for easli and could therefore be set as tax operations. But by far the greater portion was selling "regular way'' and meant consequently, actual liquidation. The street ceased to discuss whether the dividend would or would not be declared at the meeting 011 Thursday. it turned its attention to the result on the market with the dividend paused. The general feeling was that in view of the strong posi tion of General Motors, and of the fact that a good year is looked for in i'.i22 the present selling price of the common stock is pretty near low enough to discount any action that may be taken. SEARS-ROEBUCK. Sears-Itoebuek common opened up three points while the preferred jump ed four points on the news that the t n pany. through the $20, 000, 000 pledge of its president had been restored to a sound financial position. The street had had no inkling that such a move was on foot and was completely taken by surprise. Although the stock had been going up for several days tlr: st-ort interest was still considerable and iL was these shorts who were run in on the opening upturn. The later view taken however that there must bo some time before Sears-Itoebuek common could resume dividends and that as a non-dividend payer it could scarcely attract an outside following a, present prices. Hy STUART Pi AVE ST. Stalf Corresponileut of The Xcws. Co- -rig-M. 1iJ. by .fis Publinliing Co. Xew York. Dec. 30. Except for pre holiday realizing there appeared to be lit tle or nothing for s'e in the cotton mar ket here today. The South has shown no sign of weakness during the holiday season and seems confident enough of ul timale outlets to continue selling slowly instead of offering more freely 011 ad vances. In the absence of such pressure the prospect for improving business after the turn of the year has held shortening in check an dtoday's realizing sales ab sorbed by a very moderate demand which included foreign and domestic trade, buy ing as well as covering by recent sellers lor a reaction. The news seemed to strengthen the hope of better business after the turn of the year. Private cables from Liver pool reported a better business in Lan cashire. Tlie market opened firm at an advance of 10 to 21 points with active months soon showing net advances of 12 to 23 points. The realizing encountered was ab sorbed on reactions of five or six points during the first hour, and the late fore noon market was quiet but steady at about the best prices touched on the open ing advance. Houses with Liverpool and Xew Orleans connections were buyers here and there was covering by Wall Street and local interests who had sold on the earlier week advances. Private cables from Liverpool said there was a better business in Manchester and that Manchester buying bad given the mar ket there its advance in the face of some American selling. CHARLOTTE COTTON. Receipts today, 30 bales at . . . , 1 S V . hlllli MOXIJV. ! :,!. f till : low ruling -22; off ore 1 at money rate 15 ; krst -:.i in i;n 1 : ('eptances days, a to i months, '. aiituc paper to 4 1-2 o 1-4; to r, 5 1-4. m:w iOIIK PROVISIONS. ' 1 . .'pi. nutter raster: 1 ban extras 41 to -H Mras 10 to 40 1-2: : . : :5'J 1 -2. a I . : fresh gathered firsts s;s l." to IS: re frige ra- 2 t' average run 20 1- .o FRISCO. Whatever the reason for cecent weak ness in St. Louis and Kan Francisco stock it does not lie in the earnings of the road. The system's report for November shows net operating income of $1,390,642. This is a decline from the $1,960,324 o fthe pre vious month miit a good share of this is the normal seasonal decrease. The road H earning over 30- per cent on its pre f erred stock an d about 3 3-4 on the com mon. This is after deducting for the re serve fund of the difference between six per cent on the property value and the seven perc ent which it is earning. XEW VORIv COTTOV. New York, Dec. 30. Scattering long accounts having been liquidated on the moderate reactions of yesterday, the cotton market showed renewed firmness at the opening today, owing to relatively firm cables and reports of a better business in Manchester. First prices were 10 to 21 points higher 011 Liverpool, New Orleans and Wall Stieet buying- with Januarv selling at 1!'.04 and March at lS.'ti. or 20 to 2.J points above last night's (dosing- during the first few minutes. Liverpool cables said the firmness there was due to Manchester buying and the advance locally was encouraged by continued reports of favorable prospects for busi ness in the domestic market for cotton goods. lieports published by the Department of Commerce indicating an improve lr.ent in the textile industries of France, Italy and C'zecho-Slovakia, served to strengthen optimism as to new year trade prospects. This failed to pro mote much fresh buying in advance of the three-day adjournment but there were very few contracts for sale and the market ruled generally firm with March selling up to 18.99 during the middle of the day or 2 4 points net higher. The faliure of li. W. Wagner & Co.. a stock, grain aim cotton exchange bouse, was announced during the early afternoon. The announcement was pre ceded by some scattering liquidation but the offerings were absorbed by slight reactions and prices later- maa-i new high ground for the day on most positions, with March selling at 19. u0 around 2 o'clock lo 2o points ne h:'g!ter. CLOSE ?iJEVV TOIIK Kt'Tt'RES. New barely York, steady. Dec. 30. Cotton closed , oiien Hierh Low Close Jan. 18.97 19.14 18.92 19. u7 March 18.S". 19. 06 18.78 18.95 May 18.40 18.57 18.38 18. 5! July 17.91 V8.09 17.86 18.00 Oct. 17.09 17.2o 17.06 17. IS .'NEW YORK SPOT COTTON. New York. Dec. 30. Spot cotton steady: middling 19.45. New York, Dec. 30. The last fuii session of the year in the stock market began with little chang'e from recent irregular tendencies. . Sears-Roebuck common and preferred were the strong est features at early gains of 3 3-S and 4 points, respectively, on the strength ening of the company s financial posi tion. Coppers and other metals hard- ei ed substantially in connection with reports from Montana indicating re sumption early in the coming year of mining operations in that district. Kail--. is. steels and equpipments showeu no definite tune. there was considerable selling of low priced shares for cash to effect year-end settlements. Inactive stocks, such as Tidewater Oil. South Porto Rico Sugar. North America and the cheaper chain store shares, were one. to almost four points higher at midday, when the call money rate rose to six per cent. Odd loLs of victory 4 3-4s sold at 100.20. The closing was strong. Government bonds were irregular, victory notes. however, showing marked strength. ales approximated 700,000 shares. , XEW YORK STOCK LIST. Last sale. Grain Market GIRL MAYOR OF OHIO YifcLAGE IS BOOTLEGGER FOE WIRELESS PHONE TO ANNOUNCE NEW YE All JMtgar fan 'ar & Fondry . . Hide & Leather pfd International Corp.. Locomotive Smelting- & Ref. . . Sugar Sumatra T. & T. Tobacco Woolen Copper . Tobacco Sec. . . j Live Stock I f I 1 : 1 1 EVERYTHING In High Quality building Materials Last Fall prices on oak flooring were extremely low. We "r;;cd you to buy then, 'rices are higher now, !ul not yet so high that "u cannot have a hard vv,xhI floor at a nominal n,l. VVe still advise you fb f:i!t aMvtinf aora nf -fht lovv c market floor. and buy an Lumber Company South Boulevard I'hdhes 3472-3473 Copyright, J21. by X - Puhliwhins ;Co. Union Stock Yards. Chicago, Doc. P.n. After a strong and active market for all kinds of livestock during th-3 first days of the present week values d topped yesterday and today. Supplies of hogs and cattle were much larger jtl.an expected. Notwithstanding uio short week, the total supply 01 nogs shows an increase of more than 20.0O0 o er a week ago and present prices are far below the high time. Receipts of livestock at the local yards todav were estimated at 8,000 cattle 57,000 hogs. 10,000 sheep and lambs and 1.000 calves. CATTLE: Bids were lower in the cattle pens from the start. Compared with ;i week ago when less than 2.000 recalled the local yards sellers had little chance to hold values. Prices gained early in the period and evoi counting the decline noted yesterday and todav the market is still higher than a week ago. Top yearlings were quoted up to $10 but the best here sold at $9. The market for steers were down 50 to 75 cents rrom Vv'ed r esday. Cows were about steady. Ship pers paid $10.50 for top calves wh'ue vealers went at $8 to $9.50 to pack ers. HOGS: All grades of hogs weie low e from the start. Sellers looked for a decline of about 25 cents to begis with but the drop was placed at ,;3 t.. ro cents soon after the opening. Shippers paid $7.50 for 160-poupd hog3 while strictlv prime light lights went at $7.65. It took 200 to 250-pound stock lo bring $6.75. More than 12.0j0 were held over from yesterday. Top light hogs made $7.75 but rough pack ing hogs sold at $3.25 to $5.75. The market was still lower at the close. SIIKEP: -Lambs held steady. Ship pers paid $11.75 for top lots weigh ing 82 pounds while bulk of fat stock went at $11 to- $11.50. Aged muttons were also steady with beft light ewe qroetd at $5.25 to $5.75. CHICAGO LIVESTOCK. Citieago. Dec. "0. CATTLK: Receipts 8,000; no choice uteres here: medium to good grades irv dull, around 50 to 75 lower than yesterday: few best yearlings steady; u 00: hulk beet steers u.'. in SEW ORLEANS COTTOX. New Orleans, Dec. 30. Better mill accounts put the price of cotton 16 to IS points higher in the first half hcur of the session today, March ri ing to 18.15. Liverpool was belter than due. reported fairly large spot trading and cabled that spinners vtre calling cotton. One message said that Manchester advices were better. Gal veston wired that a steamer there was loading 18,000 bales for . Hamburg and a mill point in Georgia told of a sitle of 2,700 bales of cotton goods and claimed that a plant there had lecevied sufficient orders to keep i-: going lo full capacity fpr the next oix months. At the best of the morning the advance amounted to 20 to 23 points, with March at 18.18. Mill takings of only 27-:. 000 bales, the smallest in weeks, checked the upward movement and caused reactions of 10 points from the highest, but at noon the market was steady with March at 18.11. .lj advance voer yesterday's of 11 points. The report of the failure of a large New York and Chicago brokerage house caused an erratic " market ;n the early aftrenoon. There was at first, a rise of 20 to 21 points over the close of yesterday on the supposition that the failure was due. in part, to losses on the short side of cotton, but a little later the ring became very uncertain as to how to take the failure and by 1:30 o'clock there was a drop to the lowest levels of the day, three points up to nine points down, com pared with yesterday's finals. March feli off to 17.88. CLOSE XEW ORLEANS FUTURES. New Orleans, Dec. 30. Cotton closed steady at a net advance of 18 points. A 1 1 is-Chal mers American Beet American American American American American American American American American American American Aiaconda Atchison At!.. Gulf & Y. Indies .. Baldwin Locomotive .. Baltimore & Ohio Bethlehem Steel "B" . . Canadian Pacific Central Leatlier Chandler Motors Chesapeake & Ohio .. Chicago. Mil. & St. Paul .. Chicago. R. 1. & Pac. Chino Copper . - Colorado Fuel & iron . . Corn Prdoucts Crucible SSeel Cuba -Cane Sugar Erie General Electric General Motors . . .... . . Goodricli Co. . . . . . . Great Northern pfd Great Northern Ore ctfs . . Illinois Central Inspiration Copper Int. Mer. Marine pfd . . Inetrnational Paper Keimecott Copper . .' . . Louisville & Nashville Maxwell Motors . . Mexican Petroleum Miami Cooper Middle States Oil Midvale Steel Missouri Pacific New York Central N. Y.. N. 11. & Hariford . . Norfolk &- Western . . Northern Pacific Ohio Cities Gas Oklahoma Urod. Xr Ref. . . Pan American Petroleum . . Pennsylvania People's Gas Pittsburgh & W. Ya Ray Consolidated Copper .. Reading- Rep. -Iron & Steel Royal Dutch, N. Y Shlel Trans. & Trad. .. .. Sinclair Con. Oil Southern Pacific Southern Railway Standard Oil of N. J., pfd Siudebaker Corporation . . Tenr-essee Copper Texas Co . ..... Texas & Pacific .' . Tobacco Products Transcontinental Oil Union Pacific . . i:. S. Food Products . . United Retail Stores -. . U S. Ind. Alcohol 1" S. Rubber . . . .' . . U. S. Steel . . Utah Copper Y estingliouse Electric Willys Overland . . . . Pure Oil . . . Atlantic Coast Line Coca Cola ". . Gulf States Steel Seaboard Air Line . . - . . Sloss, Shef. Steel & Iron . .. United Fruit .. Virginia Caro. Chem. . . . Ymeriean Tobacco American Zinc .. .. Invincible Oil . . International Harvester . . General Asphalt . . ...... 39 31 34 146 58 41 108 44 5 4 115 80 (! !2 :;t ox 34 1 1 120 30 49 55 IS 32 2S 25 66 1 1-3 1 - -1 1-8 3-4 1-4 .--S 3-4 7-8 1-2 3-4 5 -8 1-4 J 3-4 1-2 3-S 7-s 1-8 3-4 8 1-8 10 139 9 3ij 7 l 31 97 40 65 52 26 108 114 27 1 3 2t; 17 I 1 2 97 76 1- f V-8 7-S 3-S 1-2 1-2 5-8 1-2 1-2 ::-S 5-8 3-8 3-4 1-2 3-4 1-2 1-8 Copyright, J!21, by Xews Publishing Co. Chicago, Dec. 30. Trade in wheat was more active today but the volume of trading on the whole was not large. The bulls were sadly disappointed in the gov ernment report 011 winter wheat acreage and conditions. The reprt was bullish but not nearly so much as the bulls had an ticipated. This caused them to liquidate at the start and later pressure developed 011 reports of cheap ortermgs ot Argen tine wdieat to Europe. There was good commission house buying on the scale down but commission house offerings also were liberal and exceeded requirements. Seaboard reported export demand quiet wdth a little Manitobas worked overnight. Domestic milling demand was light. Min neapolis mills reported trade this week the quietest on the crop. Receipts in all posi tions were light. Weather was fair with no precipitation shown anywhere. Corn suffered a loss r-.t price. December liquidation was a factor but a leading short took advantage of the dip to cover a good part of his line. The break in wheat was a big factor and induced many of the longs to dispose of their corn. Receipts are moderate. Country offerings to ar rive were light. 1'eoria overmct mcago and bought 500.000 bushels in the coun try. Export bids are still unsatisfactory frcm the viewpoint of the seller. Domes tic demand was light. Oats followed the trend of other grain. Liquidation was on in December. Cash houses picked up oats against sales for shipment which were the larfest in some time past. Receipts are light. Transferring of hedges from January to May and some commission house liquida tion featured the market in provisions. In view of the hope founded upon the recent advance in the wheat mar ket that it meant a permanent turn for the better in farm conditions today's rather violent break Svas disconcerting. It was not, however, conclusive evi dence that the decline was justified What it showed most plainly was the dependence of the wheac market at the present time upon foreign trade. Coincident with the publication of the last export figures which sliowe 1 that shipments of -wheat and wln-at flour were 6,074.000 bushels against 7.524,300 bushels last week and 7.205. 000 bushels in the same week a year ago. The comparison with tee previous week this year was no doubt affected by the Christmas holiday but tuis would not explain the heavy fail ing off from the same week in 192X 'the stock market continued an affair ot 1 specialties right up to the close of business. The ease - with which the! rcore of selected stocks were put up seme of them two and three poin'ts had its effect, however, on traders who had taken a short " position on the general list. One of the favored groups picked out- for short selling had slow occo cue tquijjtiiCiil, tlll.T ucauoc ill., had had much more of an advance, than most other things. It was not surprising therefore that America; Lo comotive and Baldwin Locomotive should have rebounded very sharply, one of the short interests took to its heels. Railway shares, while not do-in?f- much in the way of advance, were consistently strong. The November traffic statements continued to make a better showing than anticipated. pll . 'llf' : New York, I)ec, 80,-"(IV the- Asp ciated Press) -"Q: S. T, Q. S. T." in ' radio pa rl a no v oi'y Votiy listen"----j followed by the tones of a bell Ptvlklu'j (the seconds that mark the pafcshtjS of j 1921 and the voice of a minister" in j yoking God's blessing on the new year, 1 will loat through the air and Into the ears of more than 30.000 amateur radio operators in the- vicinity of Nuy York at midnight. December 31. From station 2. BAK, located ..it i Tarrytown, N, Y.. Rev. Lucas Bin", e i will speak by means of a broadcast!!'-; j radio ,hone to one of the largest ft".' ; diences that over listened to a mini I ter. An appropriate prayer, :t br; " : address and seasonable songs by a r: ; j looted choir will help lo ttshjr in V--: ' Xew Year. ! Radio operators on ships far out f.t ! sea and stations inland as far Wc-VJ I as the Pacific coast, will be in tun ; with those f the Atlantic seaboard. A leading: radio export here fays if tl ! feeble energies of each indivulu-! Ht i ! tion that v.-iU pierce the air when 15":; be combined, lHro vfovi-i 1 saw top;!. arrives could be pow-.r on combined, ' ro run I Cotton Opinion i Dr. Dr. Amy Kankonen. Amy ITantrAviMn ' . g " ..ahi j iiaimuucil, IWCIiiy- iiiice, is preparing 10 assume tier office as mayor of the village of Fairport, O. She is believed to be the youngest woman :nayor in the United States. j CRASHING TESTS OF PLANE PETROL TANKS 1 1 72 51 50 38 21 79 18 114 82 1 0 46 26 61 11 126 10 51 39 51 S3 K3 50 to Jan. March May ... July Gcu XEW Clost 1 ;;. 1 0 1S.13 1 7.93 17.5". 16.72 Open TJurn Low 17.00 18.13 17.83 18.05 IS. 20 17.88 17.79 17.98 17.70 17.36 17.59 17.35 16.16 16.72 17.53 ORLEAXf" sr"7 l-OTTON. New Orleans, Dec. 30. Spot cotton sceady and unchanged: sales on the spot 717 bales: to arrive 100. Low middling 16.00; middling 17.75; good middling 18.75. Receipts 3.235; stock 36S.830. stock steady to lower; ouik .; . -'3- eanners and cutters mostiy to 3.25; bulls strong; stockers feeders slow to 23 lower; best top she f 2.50 and cii ir.niiie- calves stron HOGS: Receipts 56.000: unevenly 25 to 50 lower than yesterday's average; trade moderately active at decline lo shippers and small and large packers: top 7.75 for 140 to 150-pound wegiht t. shi-yers: bulk 180 to 200-pound hogs .5,7.15; -:U to z.jU-pouna weigiits 6.75; pigs unevenly lower. iP: Receipts 10,000; geireraily some medium fat lambs 25 fat lambs top early to packers shippers took one load at 11.75; to choice 10.25: good 105-pound n 40: few at 5.50; one load feeder 7.00 t 6.60 1 SH stead lewe 11.60; good lambs steady at 10.50. XEW YORK POUI.TRT New York. Dec. 30. Live firm: chickens 27 to 30; fowls 2 roosters 18; turkeys 40 to o0. Dressed weak; western chickens to 42; fowls 16 to 31fll turkeys 47 to poultry ' to 30; 51. CHICAGO PROVISIONS. Chieaso. Dec. 30. Butter unchanged. Kffffs unsettled: nary firsts 37 to firsts 42 1-2; 3'j; reirigerator ordi- firsts LIVERPOOL :OTTON. Liverpool. Dec. 30. Cotton: Spot quiet: prices seady; ""good middling 12.11; fully middling 11.71; middling 11.36; low middling 10.16; good ordi nary S.61: ordinary 7.68. Sales 8,000 bales; including 4,400 American. Receipts 1,000 bales, in cluding 800 American. Futures closed very an- 11.41; March 11.39: 11.07: September 10.68 Official noon closing: value. steady. Janu May. 11.27: Julv ; October 10.16. December 11.26 j Dry Goods Market j By STUART I. WEST. Staff Correspondent of Thr Jiews Copyright. 1ai, by Xew Publishing Co. New York, Dec. 30. -There was a strong undertone to the cotton goods market today although trading was again restricted by the prices asked by the mills. These rices were about ;it the . levels previously quoted with some constructions showing a tendency to advance. Interest in gray cloths irdicate anticipations of improved fin lsheu goous business early in the new year. There was some buying of 68x72's 4.73 yard at 9 7-8 but mos houses were holding out for 10 cents. In southern 64x60, 5.33 yard some spots sold lor 8 1-8 out .January goods were nrm at nine cents. .-meetings were quiet but hrm some trading in 40-incn 2.8a yard being done at 11 1-4 cents ret. SUGAR- New York. Dec. 30. Raw sugar stead iet and unchanged at 3.36 and 3.S6 -for centrifugal. Refined quiet and unchanged at 4.80 to 4.-9.0. for nne, granulated. - : '- '- So 43 47 ' 37 123 28 132 ' 13 14 S3 65 1-2 7-8 3-4 3-4 7-8 3-4 1-8 1-S .1 -S 7-8 1-8 7-8 5-8 3-J ::-4 3-4 3-4 1-2 3-8 3-8 1-4 1-2 1-4 Chicago. Dec. 30. The wheat maiket today showed considerable weakness during the early dealings. Opening quotations, which varied from one tent decline to a like advance, were followed by downturns all around. Corn and oats sagged with wheat. After opening 1-8 to 5-S cent lower, corn showed but little power to rc: cover. Oats started unchanged to 3-8 to 1-2 cent off. and later underw-ent a slight general setback. A sharp break in hog- values to gether with grain weakness had a bearish effect on provisions.. Wheat closed unsettled at 2 cents to 2 7-8 cents net decline. Corn closed unsettled, tat losses of 1 cent to 1 1-4 cents net. Aldershot. Eng., Dec. 30. "Crashing tests" of airplane petrol tanks arc be ing curried out hero by the air -ministry with the object of discovering a tank that will withstand any accident without leaking or catching lire. "Petrol filled tanks of different makes, fitted with all sorts of shock absorbers." are shot down a 50 degree at 50 miles an hour, landing on a solid concrete bed. Later they will lie subjected to machine gun hie with incendiary, armor-piercing and explo sive ammunition. The manufacturer of the tank best withstanding the test will receive a prize of 1,400 pounds sterling and there are also prizes for second ami third best. New York. Pec. 30. The generally caTri surface of the market was ruffled to soni- ; extent by the announcmcment of the sus ! pension of a wire and commission hotisf j with numerous branches and 'who were ! members of the different exchanges where ; they were generally credited with beiii.-r' i short because of the .opinion expressed I in their public utterances. The market firrt ; advanced sharply but later fell back, as it ; was realized that a matter so ietnpar.tr;. ! could hardly have any far-reaching effect : on prices. Much more important were the (continued ."-vorable advices Crom foreign 1 an dilom-?' goods market. I In M::nciiester it was said that a Ia.ru- js business was passing while in the. local markets the inquiry was reported more active though bouses seemed hardly lis j yet to base 1 ducked up courage to met t I advances freely. Takings for the wee j were to some extent disappointing mut it. has been a very broken unsettled wee'.t j in all branches of industry. ! Exports were 12.HH0 bales. Scattering I realization, was well as .selling for short. , account on the reaction theory, is bour.d I to be in evidencvee at times, but as long 'as it is not compared by hedging against the actual in larger volume, resultant da telines will not we think go far or ba mo" ; than temporary and will provide good ap portunities to buy Spring or Summ-r ;muiiths. POST & FLAGG.;, Ne w closed: second ond 1 fourth 100.08; LIBERTY IIOXDS. York. Dec. 30. Liberty bond? 3 l-2s. 9 1.36; first 4s, 96.90 bid; 4s. 96. 20: 'ami 4 l-4s, t'7.02; sec-J-4s. 96.62; third 4 1-4s, .'7.Mi; 4 1-ls. !7.22; victory 3 -3-4s, victorv I 3-is, 100.08. CHICAGO POULTRY. Chicago. Dec. 30. Poultry lower: fowls 16 to 25; springs 2 keys 38; roosters 16. alive, 3; tur- 1 -2 5-8 T-? 3-S 1-2 1-2 Curb Marke Dy STUART P. WEST. Staff Correspondent of The Xews. Copyright. 1921, by .Xvrs Publishing Co. New York. Dec. 30.--The curb market was better today. While fresh transactions were made for cash to establish tax losses, the market held comparatively firm by short covering on the nart of traders who were apparently evening un their accounts for the end of the vear. The market was almost entirely pro fessional and commission house business was very small. Standard Oil of Indiana was in good de mand and rose sharply. Inmperial Oil of Canada also went higher and strength was shown in . International Petroleum, Skelly Oil, Simms Petroleum and Imperial Oil of Delaware, the latter selling ex- dividend. There was a fair demand for Standard Oil of Xew Y'ork and increased activity was shown in the shares of the high priced pipe lines. Maracaibo and Cities Service old common stock were ex ceptions to the upward trend. The motor stocks were again irregular. Durant Motors of Indiana was higher. while the old stock held about unchanged. There was continued pressure against Earl Motors and that stock declined sharp ly to a new low record for the third suc cessive day since its introduction. Coal shares were firm with Glen Alden. the leader. Swift International was a point higher. Lower levels were estaohshed m most of the mining shares. Nipissing sold ex dividend and declined a fraction. El Sal vador attracted further attention with a new low record at three cents per share. South American Gold and Platinum was one of the exceptions, holding steady. Fair activitl prevailed in bonds and the tone generally was steady to firm. Colum bia Graphophone Ss were in good demand. Some of the traders covering the shorts put out several days ago and the bonds rose sharply. Sears Roebuck 7s were down a substantial fraction. CHICAGO Chicago, WHEAT May ; . . . GRAIX A3Vl Dec. 30 Open .1.1 6 V 1.16 PROVISIONS. High Low Clos 1.13 l.ir. Julv 1.06 1.061 1.02V2 1.03 -ti CORN May 54 V 51i 33 53 7k Julv 56 Vt 56 '4 5 4",s 3.u, OATS Mav ...... 39 U 39!i 3S' 3S:'i July 40 10 39 39 PORK Jan. . . 1 4.93 LARD Jan. .. 8.57 8.70 8.55 ;.70 May 9.00 9.07 8.95 9.07 RIBS Jan 7.72 7.77 1.1O May 7.92 7.97 7.92 7.97 TKIKLTK TO CROSS. Mexico City Dec. - 30. The Mexican Government and prominent medical and scientific men paid tribute to the late Dr. Howard B. Cross, at a cere mony held here last night. Dr. Cross, who was connected with the Rocke feller Institute, died of yellow fever at Vera Cruz on Tuesday. CHICAGO POTATOES. Chicago. Deo. 30. Potatoes st Northern white sacked 2.00 cwt. Idaho Russets sacked 2.25 to cwt. uly. to 2.20 .40 New York. silver 64 3-4. Mexican dollars SILVEH. Dec. 30. Foreign bar 4!i 1-1. CHICAGO CAI Gil A IN. Chicago, Dec. 30. Wheat. No. 1 dark northern 1.38; No. -3 dark 1.15. Corn, No. 2 mixed 4S to 4S yellow 48 1-4 to 49 1-4. Oats. No. 2 white 36 to 37 white 33 1-4 to 35 1-2. Rye. Xo. 3, 81. Barley 49 1-2 to 3S. Timothyseed 5.00 to 6.10. Cloverseed .12.50 to 18.50. Perk nominal. Lard 8.70. Ribs 7.25 to 8.25. northern 3-4; No. 2 1-1: No. 3 ST. LOUIS- OKAIX. Louis. Dec. 20. Wheat. .No. 3 red December 1.11 1-2; May 1.21 : St. 1.20 to 1.13 1-4. Corn. No. 47 1-4; May Oats. No. May 40 1-2. white 2 5-8. white 4S 1- Decern be 1 36; December 35; iOHN W. TODD, C. P. A. D. H. McCOLLOUGH, C. P. A. AUDITS, EXAMINATIONS, INCOME TAX RETURNS, BUSINESS AND COST SYSTEMS. TODD & McCOLLOUGH i Certified Public Accountants North Carolina) 11 Galloway Building. CHARLOTTE, N. C. SI I r I ' I'm ' Sr ft WiWZMeM 1 HOW TO INVEST IN COTTON 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 I STONE ST. NEW ORK Wire Connection in CHARLOTTE, N. C. BROOME & BURKETT 219 3 W. Trade St. j Bond Market Ry STUART P. WEST. Staff Correspondent of The Xevrs. Copyright, 1921, by New Perishing Co. j Xew York, Dec. 30. Further advances! in railway snares, a slight gain in liberty j bonds and some irregularity in foreign . government loans, all on fairly active trading were the main incidents in the bond market today. The influence of cash transactions to establish losses for in come tax purposes was felt but it was not as an important factor as it proved to be j in the stock market. The number of higher : prices easily exceeded the fractional losses! scattered through the list. 1 several ot the foreign government bonds including Queensland 7s and Sao Paulo 8s went up a bit while on the other hand French governments lost a half point or more and United Kingdom a l-2s; of 1929 were reactionary. 1 Southernd Railway 4s w-ere again quite active and continued their advance. Spe cial strength also came into Chicago and j Xorthw-estern -6 l-2s around 100. St. Louis: and Southwestern Consolidated 4s, Iron! Mountain River an dGulf 4s up over a . point and Xew Haven debenture 6s. Some' of the lowr priced rails were also strong-! er. New York, Weschester and Boston 4 i l-2s rose sharply over three points. In the industrial section hte weakness i of International Paper 5s, down almost a point was" coincident with the sale of the new first an dretunding five per cent sink ing fund mortgage bonds. The general run or. the members ot the industrial group i however were either up slightly or held steady. Cerro de Pasco 8s, above 113 1-2, j American Telephone and Telegraph 5s and i Smelters 5s were particularly strong. The syndicate offering the $12,500,000 International Paper Company first and refusing 5 pe rcent mortgage bonds at 87 and interest to yield over six per cent, anounced this morning that the books had been closed. An isue of the State of Ohio $20,000,000 4 3-4 per cent adjusted com pensation bonds maturing 1923-1932 will be sold next week by a banking syndicate here headed by the First National Bank. w 4 You'll Smile Too When You Have Joined Our Christmas Savings Club It's the one big. thrift plan vhicj. makes everybody happy "Dad," Mother, Sister Sue, Bobby and all the rest of the family. ' CLUB IS NOXV FORMING. A PLAN TO FIT EVERY PURSE. A MEMBERSHIP FOR ALL. HERE'S HOW IT MOUNTS UP: $2.50 $2.00 $1.00 .50 A A A A WEEK WEEK WEEK MOUNTS MOUNTS MOUNTS WEEK MOUNTS UP. UP. UP. UP. .$ 125.00 100.00 50.00 25.00 JOIN TODAY Select your plan whatever you can pay weekly tor 50 weeks; you won't even miss it. (iet in the Hne 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 it?" Answer him "No." Tell him that $5.00 and SI 0.00 Bills now are bet ter than shopping bills on January 1st. SAVANNAH NAVAL STORES. Savannah, Ga., Dec. 30. Turpentine firm 75 1-2; sales 90; receipts 178; shipments 361; stock 13,584. Rosi nfirm; sales 1,323; recepts 1,695; shipments 765; stock 89.456. Quote: B D E F G H I 4.05; K 4.': 5.40; YVG 5.60; WW 5.95. M 5.20; N 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. - arlotte Bank & Trust Co. Ch 214 East' Trade Street. M. A. Turner, Pres. J. W. R. Foreman, Vice Pres. H. Leech, Cashier. y ' ; ' ' , - :