The Charlotte News from Charlotte, North Carolina • Page 17

THE CHARLOTTE NEWS, CHARLOTTE, N. FRIDAY AFTERNOON, MARCH 3, 1922. 17 COTTON 1A AA ARKET QUOTATIONS: vri FD tfANOAL NEW BRITISH CAPITAL BOASTS FEMININE i SHERLOCK HOLMEii A I CITY OF FIUME IS TERRORIZED Conflicts Between Fascisti and Local Police Result in Many Wounded. IT curb if I w. Grain Market Copyright, 1022, by Xeivs Publishing Co.

Chicago. March -3. It yvas a bg scalping market Wheat today. There was a. sharp bulge at the start general Heavy selling- by long interests developed on the bulge.

Oft'er-inars. put a weight on the market' which resulted in abreak below the previous close. Early, sellers then bought, Vback the -wheat and caused another rally. Export sales of 500,000 bushels of Manitoba were reported over night and Winnipeg reported sales of eight loads for export. Montreal reported sales of flour to the United Kingdom.

All primary markets reported a broader milling demand fir wheat. Liverpool futures closed 3 3-4 d. higher. -Cash wheat premiums were Corn dragged after a hieher ing. There was much local buying but me ouiges orougnt out corn from lonvs.

Cash corn basis yvas unchanged. Shipping was slow. Receipts yvere smaller. Oats yvere neglected and prices followed other Local bulls supported the market for a time. oats basis yvas unchanged.

Shipping demand yvas quiet. Provisions were firm. Exports of have been heavy and this buying yvhile cash houses bought. There yvas some- realizing on the advance. Resellers are underselling local packers meats abroad.

Chicago. March 3. General buving resulted in higher prices for yvhat today during the early dealings. Initial prices ranged from one to two cents higher. Corn opened half to 1 1-3 to 1 1-2 cents higher.

Oats started 1-8 to 3-S cent higher. Upturns in the- value of hogs yvere reflected in the price orovisions Wheat dosed" unsettled 1-4 to 7-S cent net lower. Corn closed nervous 1-4 to 5-S to 3-4 cent net lower. CHICARO Chicago, WHEAT r.HAI.y AiI rftOri.IO!0. March 3 Open High Low Clo May 1.

IS 1.48 J.4 4si 1.15 July .1.24 4 1.22 May "fiS'i 6Vs- 65 July 701 6S 69' OATS May- 42 424 41 11 July 44 44 43s 43 PORK May 21.25 LARD May 12.20 12.25 12.12 12.: 5 July 12.35 12.42 12.30 12.30 LI BS May 11.60 11. 60 11.45 11.45 July 11.25 11.25 11,05 11.05 Of ia xw xorjk: lao, Wall Street 1 New Y'ork, March 3. Gains of one to four points were made bv various issues at the active and broad openii of today's stock market, even the steels going forward. despite yesterday's suspension of the Sloss Sheffield preferred dividend. Leaders of the early advance included Crucible.

Gulf States, Lima Locomotive. Computing Tabulat ing, Houston Oil. American Woolen. American Sugar, South Porto Rico ard Continental Can. Investment rails rose only fractionally but secondary shires, nctably Ann Arbor pveferred and Orleans.

Texas and Mexico gained 1 3-4 and 2 points respectively. Excepting German marks, all foreign exchanges w-ere higher in preliminary quotations. Ordinarily inactive shares furnished the most striking movement of the afternoon. Short covering predominated, but there yvere, also indications of aggressive pool operations in mauy quarters. Pierce Oil preferred ad-y anced six points.

Ann Arbor preferred 5 3-4. the common, and Reis first preferred 4. Gulf States Steel Atlantic Gulf preferred 3. American Woolen 2 1-2 and Kelly Springfield 2. Manhattan Elevated fell 3 1-2, yvhile Chicago PrnTnTnatic Tool.

General Cigar. Coca Cola. Studebaker, International Paper and Bullock Publishing lost one fo two points. The cir yvas strong: sales approximated 1,000,000 shares. NEW YORK STOCa T-I5T.

La tit Sic. Allied Chemical St Dye Allis Chalmers American Beet Sugar American Can American Car Foundry American Hile Leather pfd American International American Locomotive American Smelting Rof. American Sugar 1-2 7-S 3- V-S 45 39 41 150 70 I I 111 48 7: 28 120 135 88 49 9-v 26 106 1 04 36 73 59 23 10 26 103 i'o 64 153 i 22' 75 100 5 9 90 71 4S 16 42 113 1 "-5 27 lo.S 30 22 17 09 79 4S T-S 1-4 7-S 3-4 1-8 1-8 7-8 3-1 7S 1-4 3-8 3- I 3-S 3-1 1-2 1-2 5-8 1-S 3-S s-s 3-8 1-8 1-4 American American American American Anaconda' Atchison Gulf Baldwin Its-It (more Bethlehem Sumatra Tobacco T. Tobacco Woolen Copper W. Indies Locomotive Ohio Steel Canadian Pacific Central Leather Chandler Motors Chesapeake Ohio Chicago.

Mil. St. Paul Chicago. R. I.

Chino Copper Pae. Colorado Fuel Iron! Corn Products Crucible Steel Erie Famous Gtneral Players-Lasky Asphalt General Electric General Motors Goodrich Co G'eat Northern pfd Illinois Central Inspira ion Copper International Harvester Int. Mer. Marine pfd International Paper Iny-incible Oil i Kt lly-Springfield Tire KVnr.ecott Copper Louisville Mexican Petroleum Miami Copper Middle States Oil Midvale Steel Missouri Pacific Xeyv York CentiU N. Y.

IT. Hartfard Norfolk Western Northern Pacific Oklahoma Prod. JUef. Pacfiic Oil Pan American Petroleum Pennsylvania People's Gas Pure Oil fiay Consolidated Copper Leading Rep. Iron Steel Royal Dutch.

N. -Y. sears Roebuck Sinclair Con. Oil Southern Pacific Southern Railway Standard Oil-of N. J.

Sludebaker Corporation Tennessee Copper Texas Co Texas Pacific Tobacco Products Transcontinental Oil Union Pacific United Retail Stores S. Ind. Alcohol U. S. Rubber U.

S. Steel T.I ah Copper Westinghouse Electric Willys Overland Atlantic Coast Line 'oca Cola. Gulf States Steel Seaboard Air Line Sloss. Shef. Steel Iron I nited Fruit Virginia Caro.

Chem. American -Zinc 3-1 3- S-s 1-3 l-t 1-8 1-1" 3- 5-S 1- i a 34 14 7 3 4: 53 US 2 S4 20 181- 98 45 32 58 131 44 44 59 94 63 5.5 5 88 45 74 1-: 7-S 7- a-8 3-s 1-S 1-2 3-8 5-s 3-K 8 3-3 1-2 1-2 1-8 141 3-j Cotton Opinion New Y'ork. March 3. While steady enough to suit the market is deficient in snap and for the last day or two has acted as if on a dead center. The statistical position gains in strength through the figures for the week but the general ti-ade.

looks Von idly while the supply of raw material dwindles and the speculative element '-is still in the frame' of mind yvhere excuses to sell are more welcome than any constraint to buy. For the moment 18 cents looks the pivot with some disposition to folloyv prices up from that level. We do not know froniiwhat quarter the next inspiration will come but the "market certainly needs one and seldom fails to get a response in due course. POST AND FLA GG. EXPOSURE ENDS JOB OF BUCKETSHOPTOUTS New York, March 3.

The silent pal-lyhoo men of Wall Street's bucket shops have mysteriously disappeared. For months these men, suave, well dressed one! of good manners, have haunted the lobbies of some of the most important hotels, meeting men fropi out of town, yvho were persuaded that "now's the time" to take a flyer in Wall Street. 5 In various ways the ballyhoos ascertained the financial ratings of visitors and other information that led to the establishment of a firm acquaintanceship. From that point it was easy to lead them into bucket shops operating in "the Street." Then the fleecing began and continued to such an extent' that within the past two months alone $25,000,000 was taken from the unwary. Three detective skuads that made the rounds recently said that the newspaper exposures had driven every silent ballyhoo away.

Mccormick electrocuted. Ossissing, X. March 3. George McCormick, 21-year-old murderer of his chum, Edward Shannon, whom he killed in Xew Y'ork after a quarrel over a 55. bet, was put to death in the electric chair at Sing Sing prison- last night.

Nothing reflects thev anity of the fair sex as much as the mirrors and clothes line. Marriage might be able to run fairly smooth without love, but it can't any more run (smoothly or otherwise) without money than an auto can without gas. This thing of trying to find comfort in the fact there are a lot pf other folks a whole lot worse off hart we are would be all right if we did not see so many folks who are so much better oft than we are. Miss Maud West disguised as a masculine sleuth. Miss Maud West is London'! only woman detective.

Sh is attracting attention by her success in unraveling crimes to which she is assigned. REDUCE NUMBER OF ARMY FORTS Impossible to Man Them if Congress Reduces the Appropriation. Miami, March 3. Slashing of from $50,000,000 to $C0, 000.000 from the War Department's 'budget' for the neyv fiscal year, as reported to be the plan of the House Appropriations sub-committee, yvill mean a decrease of at least one-third in the number of Army forts, 'posts, flying fields and training camps of this country, Secretary of War Weeks, said here today. In discussing the proposal.

Secretary Weeks said it would be impossible, with a force of only 100,000 men, to properly man these forts, camps and fields even with a sufficient number of men "to drill a squad." He said there are 250 forts, posts, flying fields and camps in the country proper and 40 outside of the country, and that to reduce the army byi 22,000 men and 1,900 officers, as reported to be the plan, will make it a mathematical impossibility to keep all the posts, forts, camps and fields in operation. Likewise he pointed out tha.t, if the proposal is adopted, it yvill mean that those fling fields which are nearer to large posts and forts will be the ones to be detained and the others will. have to be -abandoned. The Secretary declared that "Representatives and Senators would vote for a big Army reduction and then use all their influence, touhave-particular forts or or camps or fields, as the case may be, which are in their districts, retained. "The members of Congress Who vote to make the cut beyond what we think it-ought to be made should-not fcom-plain il the Department finds it' necessary to abandon a fort: or post or field or camp yvhich happens to be ln his district," said the He declared he "has had his say" and would not appear again before the appropriations sub-committee unless specifically requested so to.

do. "It is not my army, it belongs to the people, and if they want to make the cut, they have the right to do so," was his comment. "The members of Congress who vote to make the cut beyond yvhat we think it ought to be made should not complain the Department finds it necessary to abandon a or post-or field or camp yvhich happens to be hi his district," said the Secretary. He declared he "has had his say" and would not appear before the appropriations sub-committee unless specifically reauested so to do. "It is not my 'army, it belongs to the people, and if they want to make cut, thy have the right to do was his comment.

HUNGARY WILL SELL MANY ACRES OF LAND Budepast, March 3. The Hungarian Government wdll soon have several i 1 twI tr Gt.U artel r'nn Liiuuoauu tiv 1 1 templates setting up a bureau in Amer ica, yvhere Hungarians win oe aoie to 1 purchase farms before sailing home, This lanawas given to me ouveinmcmj to pay for taxes on otner properues. Joseph Szaszy, who was sent to the, United States recently to study the situation, says that his countrymen In America number about 500,000, that their savings average about $500 each and that many of them would like to return. to Hungary if they" were able to buy land here with their savings. HEARINGS ON NEW PROGRAM.

Washington, March 3. Hearings on the new prohibition program for concentrating stored liquor into a limited number of bonded yvarehouses were begun today before Prohibition Commissioner Haynes ami Internal Revenue Commissioner Blair. KT TABS OBI) WEST roe LOSSES IN THE COTTONMARKET Irregularity Prevails With Rallies Below 18 Cents Level. By STTART P. WEST.

Special Correspondent of The Xetrs. Copyright. J22, by Xew. Publishing Co. Neyv York, March 3.

The cotton market shoyved irregularity rather tnan any special trend during today's trading. Probably this represented a further evening up of pending a nearer view of the new crop start or a better sustained improvement in trade demand. The opening was steady- at a decline of three points to an advance of live points. Prices firmed pto a few points right after the call owing to a rally in Liverpool but met increased realizing which eased May off to 17.99 of about 8 points net lower. As has been the.

case for the past several days a little better demand was found jusi below the 18-cent level for that position and there were rallies during the middle of the day although trading was very quiet. CHARLOTTE COTTOX. No receipts Friday, market unchanged. 2 EW RK COTTO X. New York, March 5.

The cottm market was rather irregular early today. The Liverpool -cables were dis-aprointing and the opening here was three points lower to five points higher with near months relatively easy. There yvas Liverpool ami wire house selling but the offerings yvere absorbed by New Orleans. Wall Street and trade buying, and the English market rallied shortly after the local opening. This gave prices here a steady undertone a tic the market ruled about net unchanged to four points higher during the early trading with May selling at 18.09 and July at 17.35.

Four more March" notices were reported, prob ably accounting for the relatively easv reling of the Alarch delivery. Private cables reported a better spot demand. dui continued depression in Manchester because of Indian import duties. of sentimeui the increased Comparatively slight early bulges met increased realizing or liquidation accompanied by reiterated reports that cotton yvas coming here from the west-vi belt for delivery on Mav sold off to 17.99, or eight points net lower but thee yvere evidences of a better demand just below the 18-cent level and the market yy-as quiet out steady during the late forenoon with May selling up to 18.09 again on covering. There w-a a moderate, demand fiom trade houses during the morning with some scattered ifuying on prospects for bullish week-end figures.

The-yveek-end figures showed a decrease of 126.000 bales, in the world's visible supply of American cotton compared yvith 18,000 last year, yvere about as expected but prices sagged off slightly during the middle of the afternoon under renewed realizing. May sold down to 17.96 with the market ruling about i to 13 points- net lower around 2 o'clock. CLOSE EW YORK FUTURES. New York, March 3 Cotton closed steady. Opn Hiern 18.36 18.00 17.38 1 6.75 16.57 Low 18.17 1 7.90 17.22 16.58 16.14 Close 16.23 17.94 17.6 16.60 16.11 March May July Oct.

Dec. 18.03 1 1 .3 0 16.67 16.51 YORK SPOT COTTOX. New York, Mach 3. Spot cotton quiet; middling IS. 55.

XEW COTTOX. New Orleans. March 3. Poor cables were responsible for a drop of three to four points on the most active months in the cotton market on the Opening today, A scattered demand met this small depression and at the end of the first half hour of trading prices were tyvo to five points higher than the close of yesterday, May fell off to 16. So and ihen rose to 6.91.

Mill takings for the week -of 209.000 bales-. -were considered encouragingly large and they brought in a small amount of new buying. In the trading up to noon the net gains amounted to five to seven points, May trading at 1.95 a-t its best. In the afternoon more favorable weather over the belt and the view that foreign politics were likely to furnish new selling arguments lie near future increased offerings to a moderate extent. In the trading up to 1:30 o'clock prices sagged to leveis 5 to 13 points under the finals of yesterdav.

Mi ydropping to 16.76. CLOSE jV KVNS Neyv Orleans, March 3. Cotton closed steady at net decline of to i2 pt ints. Oen March 16.83 May 16.85 Judy 16.55 Oct. 15.93 ler.

.1 .7 9. Hign 16.91 16.95 16.05 16.01 Low 16.74 16.76 16.52 15.89 Close 16. TG 1d.7S 1J.52 15.88 15.69 1SRW ORLEANS snC Neyv Orleans, March Cotton: Cpot sales on the steady and unchanged; spot 1,029 bales; to arrive 212. middling Lbyv middling 15. 5 goodmiddling lS.Ot).

Receipts stock 273,213 LIVERPOOL Liverpool, March 3. Cotton: Spot in good demand, but business moderate; prices steady; good middling 10.52, lully middling 10.2S; rpiddling "'S; loyv middling 9.13; good ordinary 8.33; ordinary i.S3. Sales 8,000 bales, including 5.200 American. Receipts 1,000 balea, including 200 American. Futures closed steady.

March May 9.9.0; July 9.S9; October 9.62; December January 9.42. WEEKLY COTTOX Liverpool, March STATISTICS. -Weekly cotton Total forwarded to mills 47,000 bales, of which American 34,000. Stock 990.000; AmerUan 56S.000. Imports American 9.000.

Exports American 1,000. CHICAGO I'ROVISISXS. Chicago, March 3. Butter easv; creamery extra 36 1-2 to 37 32 to 36. Eggs lower; firsts 23 1-2.

CHICAGO POTATOES. Chicago, March 3. Potatoes weak. Wisconsin sacked round whites 1.80 to 2.00 cwt. Minnesota sacked round whites 1.10 to 1.30 cwt.

SILVER. March 3. Neyv York, -Foreign bar silver 64 1-4. Mexican dollars 49. SUGAR Neyv Y'ork, March 3.

Raw sugar unchanged at 3.79 -for centrifugal. Refined firm and unchanged to five ooints hieher with fine granulated list ed at 5.10 to 5.20. XEW YORK roCLTRT. New York, March 3. Live poultry firm: broilers 32 to 40; fowls 33; roosters 18.

Dressed poultry firm; prices un changed. COTTONSEED OIL. New York. March 3. Cottonseed oil market closed steadj-.

Prime summer yelloyv 11.75; prime crude 10.25; Mavoh 11.78; April 11.80; May 11.94; June 12.04; July is.t; August u.jii ojp tember 12.33; October 11.81. Total sales 24,100. LIBERTi BOXD. New York, March 3. Liberty bonds closed: 3 l-2s.

97.00; first 4s, 97.10; second 4s, 97.10; first 4 l-4s, 97.48; second 4 l-4s, 97.28: third 4 l-4s. 98.20; fourth 4 97.54; Victory 3 -3-4s, 100.02; Victory 4 3-4s, 100.28. Women go shopping: the way some men go they do not expect to get just the same they have a ood time. THE MOST XX bTETJ. I Features -i special CorreRpoBdent of The "V.Tr CopyrlRht.

1922. by N.w. NEW HIGH FOR SUGARS. Sue-ar stnL-a learbTrc a among the As exnlalner) i. ii -hSet ln its, -campaign in the re nine account or.

the lmmHiu rin- V- hd ih i- whewn the new "ban cron wilt have been harvested. Then it ex- imProved statistical position throughout the world to show in an lwm suar Prices, which will permit the sura i-rAti-ln c- companies to make good profits for the Mu.Miaie xne flisregard of present conditions, the buying movement today went on enthusiastically-despite reports that slight concession's Here being made by sellers of Cuban raws. American Sugar Refining went up the sharpest, but Punta Alegre got above 40, Manati above 50 and Cuban American. Cuba Cane preferred were" very active at advancing prices. l.KATHEH A.t SHOE STOCKS.

Endicott Johnson, which has been doing nothing for a fortnight, finallv got into line with other stocks of it's class The nest directors" meeting is scheduled for March 6 and it is anticipated that at that time an extra dividend will be declared. Inasmuch as Hide and Leather more than earned its preferred dividend during the last half of 1921. it is locgial for the stock to be discounting a resumption of payments. The last Central Leather statement did not indicate anv cause for particular optimism, but the first quarter of 1922, it is thought, will show the company operating in black figures. Live Stock Copyright.

1022, by NeTT Tubllhln- Co. Union Stock Yards. Chicago. March After continually advancing market for nve muttons during the last week the trade was changed this week and values dropped. Choice lambs went as high as $16 early this week bnt dropped to $15.25 at the low point.

V. hile this was going on the cattle trade- showed strength and values weic higher for the yveek. Receipts today were estimated at 4.500 cattle. 23.000 hogs. 6,000 sheep and lambs and 1,000 calves.

CATTLE: Few good steers were offered today." Prices were generaily steady. Some heavy animals went over at SS.40. with yearlings at $8.50. Cows and heifers were picked up well. One lot.

consisting: of 22 head of cows, sold at which was at least 50 cents more tthan the same stuff would have brought a week ago. Canners sold steady while the balance of the trade also held without change. HOGS: Light hogs were up 10 to 15 cents from the start. Good lots sold at $11.35 to $11.45 from the outset, while stuff weighing 200 pounds and up went a to $11.25. Big killers had 2.000 from other markets, while less than 8,000 were held over from yesterday.

A week ago today best hogs sold at $10.90. Few packing hogs sold below $9.75. with good lots at Sin to iu.ia. SHEEP: Lambs were tically the whole run hands of one house. higher.

Prae-yvas in the Choice lambs butchers wivle sold up to $15.75 to city some stuff was shipped at that price. Shorn lambs at $12.25 also higher. Trade yvas generally 25 cents up. Few aged muttons strong. were to 50 sold CHICAGO LIVESTOCK.

Chicago. March CATTLE: Receipts 4.50: veal calves steji-Jv to weak; other classes generally steady: top beef steers 8.90; bu'k beef steers 7.40 to 8.25: bulk fat cows and heifers 4.75 to 6.25; bologna bulls largely 4.15 to 4.35. Receipts 23.000; fairly active; mostly 10 to 15 cents higher than yesterday's average: big packers holding back; top 11.35; bulk 11.00 to 11.25: pigs sloyv, 15 to 25 lower: bulk desirable 100 to 120 pounders around 10.00. SHEEP: Receipts 6,000: opening slow; fat lambs about 15 higher; too early 15.75; Montana clippers 2 25: fali shorn Texas yearlings and twos 12.00: not enough matured sheep lxie to make a market. Bond Market By ST PART T.

WEST, Special Correspondent of The Xevr. Copyright in 22. by I'nblinhlnc New York, March 3. The bond market broadened and yvorked generally higher today, apparently for two reasons. The more important was the fuither lowering of the rate for call funds.

The other yvas the feeling tnat the preliminary support now accorded the proposed compromise soldier bonus plan might bring on legislation that would not be burdensome to the investment markets. While sterling exchange was more or less unsettled, the foreign government group as a yvhole was strong. The announcement that the State Department at Washington has requested American banking institutions to inform the government fully before floating any foreign loans in this, country was received with interest and is expected to increase confidence. United Kingdom loans of 1922 and lf.29 both made, record high prices tor the present movement and so did Belgium 6s, Canadian 5s of 1926 and Sweden 6s. The Sinclair 7 l-2s were a feature among the industrials, almost reaching 103 upon expectation that the company will replace these notes with a like amount of long term bonds.

American Sugar 6s touched their previous high level, and the Cuban Cane Su-ar and 8s were up about a point. Invincible Oil 8s. Cerre de Pasco Ss, Steel 5s. Goodyear 8s of 1931 and W'lscn and Company convertible 6s all advanced substantially while Armour 4 1 -2s i "were soft. Third Avenue adjustment 5s and the rest of the Xew York traction bonds were irregular.

The feature of the railway group were -the new Missouri, Kansas and Texas adjustment 5s. Chicago and Eastern Illinois general 5s both at new highs and Pere Marquette 5s. Peoria and Eastern incomes and southern Railway 6 l-2s. Denver and Rio Grande 4s encountered some profit-taking sales. IPO HEIGHT EXCHANGE.

Xew York. March 3. Foreign exchange heavy. Great Britain (par $4.83 -S per pound sterling): Demand 4 39 -S: cables 4.40 1-4; sixty-day bills on laFran ce.3 6f par 1 9. 3 cents per franc) Demand 9.05 1-2; cables 9 06.

Italy (rar 19.3 cents per lire). niand 5.27; cables 5.27 1-2. Belgium (par 19.3 centi per franc): Demand 8 53 1-2; cables S.a4. UeGrmny (par cents, per mark): Demand cables .40 1-2- Holland (Pr o.2 cents per sullder)- Demand 38.12; cables 38.18. Norway (par 26.w cents per krone): Swden'ipaf 26.8 cent, per krone): DC.nark3!par 26.3 cent per krone): DWltSirt 19.Z.

cent, per fpeamranil3 'cent, per pesota): Greece cnt3 per drachma). Demand 4.59. 1 fi Poland: Demand 02 1-8. Czecho-Slovakia: Demand 1., 2. Argentina (par 42.44 cents per paper dollar): Demand 3i.25.

CeSril (Par 32.45 cents per paper "KmrUltpariOO cems per Canadian dollar): 97 3-4. CHICAGO rOBI.TR Chicago. March 3. Poultry, ur.chang&d. al've, MANY SALES ON STOCK MARKET Speculative Realizing Sales) Affect tnc Market at Intervals.

Bt STl'ART I. WEST, eprclni forTenpontient of The Xty. ppyright. bj- tt Publishing Co. Wall -Street, New York, March 3 markets were more or less af- cted at intervals toaay by specuia- reanzins s-airw.

xms seuins aia irrrair in all instances the note of "deriving" strength which has been own consistently for the past month. The stock market stood up -'her better than the rest under this of its powers of absorption. How-p'-r even in stocks it was a very "rive movement. A. large part in wore than half the list were i'ar ivv taken up at all.

In the rs picked out for attention, operators found no hi ma rkinsr up prices. reached new high nriees a ear. not because of ny de-. in the immediate trade merely in consequence of the iv rju: feeling that the old surplus of -llsl been pretty well worked off -hm the replenishment of slocks the wot'd will necessitate miner considerable advance in quotations. Tire shares vevf by reason of private reports most of these companies have doing a very much larger bu.i--.

since the first of the year Hum were in the corresponding: period most important incident of the rt the further lowering of monty prompt response to his ame in me oonu niar- The reduction of the 'rate on loans from -1 3-1 to 4 1-2 rent have been foreshadowed Oy four per cent quotation late yes---'av loans for the day onlv. was rather interesting that this 'is i-f stock exchange credit should cm'ie in face of the signs of an Nis ns; demand for money else-v. Tiiis demand was instanced by further expansion in note eireula-and the fall in the reserve ratio by the federal reserve board weekly statement. It is easy to the connection between ep srrowing demands upon the banks the reports of gradually enlarging business. But the question whether, in view of this interior institutions will feel like Zing Wall Street's reduced bid or they will not start drawing 'v i their New York balances.

bond market, however, took Hie re in money rates as if it were to more than temporary. For w-rk or more had been making calculations upon a five per cent The drop to the 4 1-2 per cent therefore had a stimulating- effect th on prices and on the volume el' ess. It was in fact one of the czst days of the year so far as ne of business was concerned. -Tty bonds went higher, and so did government issues, the United rcdom's making new high recor-Is. corporate list was more irreguiar in the main moved upward.

Tie foreign exchanges went lower of profit-taking some of month's successful operators. Wheat Vi into heavy realizing after an rush at the start. The export and continues active, as the weekly its show. hat today's stock dealings brought hoyond question was the complete which large interests rommit-: to the rise, had over the specula-re situation. Under these circum-es it is hard to set any immediate beyond, of course, the casual tions to this slow but steady forg-- ahead of prices.

It was a- very ly movement all through the day a very persistent one. Dry Goods Market By STUART WEST. Special Correspondent of The Xem. opyrisht, I02S. by livwvm PublUhlnsf Co.

-v York. March 3. Dullness ruled drygoods market today. There tentative effort made to try T. t.if firmness of the ir.t loths bu't offers staple Velow 6tx60s 6Sx72s wide eig.ni and met were ents f.

1-2 inh nine for 33 inch lit io response. une goods trr PUt sheetings, especiaitv in iiarrr.wer cloths were in some is generally lelieved the 'i d'Tiand" for the heavier lias not been entirely tone of the whole market, i i wev--7. easy. riuv s-ik buyers are holding off. I ini ig to make purchases on a fall-iiz market.

Prices were soft in rc-" of Yokohoma. 'i'ha dealings in silk goods was somewr at bet-' however. Crepes still lead the le-- fcnd and clothins manufacturers are inking some linings. Curb Market By STUAHT F. WKST.

Special Correspondent of The Xetti, c-py right. 182, by ISetT Pub'Ufalng Co. York. March 3. Profit taking quite a large scale caused an movement on the ciirb exchange "lay.

hut there were a number of standing strong features. These in- several of the motor issues and Iieynolds. Tlie latter was in tsnt demand due to the increase in dividend. Cleveland Motors was a- live than in some time and a otouclied a new high for the in movement on buying by the interfsts that were active in There were fair upturns in l'tiifs Motors and the lat-t-r hine influenced by statements re--T'iiiig the improvements in the com-j-any's business and a strong financial issues were less active. Amal-2 mated leather, Retail Candy and a iri.bfr of others which have been recently sold off after early rs on realizing by the flour and profit-taking bv commission s.

Libby, McNeil and L.ibby and Morris were easier. The radio held comparatively steady but were on a smaller scale. ilie oil stocks Kirby Petroleum Simms Petroleum were in fair 'tanrlard Oil of Indiana, -laracaibo and Internationa Petroleum influenced by profit-taking. Tile 'ities Service issues were moderately -'-live and moved irregularly. At limp the old common stock was several points, while the preferred stock showed a gain of a point.

Ponds generally were firm and were large. Xew Haven 4s with advance of about a point were the 'ature. savaxx.h ivavai stores. Savannah, March 3. Turpentine "nn.

7f l-t; sals 04; receipts 12. 399; stock 3.3S0. Kosin firm; sales 325; receipts 1.062; "'i'Pments 18; stock T1.439. 4.03 to 4.10; 4.10; 4-1 to 4.13 1-2; I 4.10: 4.35; 5.3.1; WG 5.85; WW 6.10. Nf.iv vrtrttz yinHT.

eady; hijrh 1 1-2- low 4: ruling rate i 'J 1-2: Did vici Joan can loans against accept- ir.res a closing bid 3 1-2; offered at i Time lo.ms firm; 60 days, 4 3-4 to llays, 4 3-4 to 6 months. 4 3-4 O. Prime mercantile paper 4 3-4 to 5. NEW YORK PROVISIONS. York, March 3.

Butter barely ady: creamery extra 37 3-4 to ivegs yveak; fresh gathered extra "'sis 9 to 30; firsts 27 to 29. lieege finn; 0 average run 19 1-2 Fiume, MaK X(d3y the Associated me city of l-'iume and its environs yvere in a state of terror today following the -renewal of conflicts last night between the Fascisti and the local police, which resulted in the death of one of the Fascisti and the "wounding of a score, of participants of both factions. Carbineers today occupied the Gov. ernment palace in an effort to restore order hut the. conflict between" the Fascisti and the police in efforts- to disarm each other still continues.

The Government palace yvas stormed late last night -by militarized companies of the Fascisti, who: bombed the building, exploding at least 100 grenades in an effort to force President Zenella to vacate. Several. buildings in that neighborhood yvere yyTrecked by the explosions. A pitched battle lasting tyvo hours occurred in the suburbf Dreno-va and it yvas here that most of the combatants were wounded. The renewed outbreaks were occasioned when a member of the Fascisti named Fontana, was shot and killed in the street.

His' companions claimed he yy-as a victim of by the local police. The police however, maintain that he was shot by his own companions during a dispute 'among themselves. The Fascisti have syvorn; vengeance for Fohtana's death. CLUB HEARS OF MORMONJHURCH Civitans Addressed by Mrs. Shepard on the Entrenchments of This Cult.

The" political and financial power of Mormon church. Which yvas declared not a church but a. kingdom, was discussed by Mrs. Lulu Loveland Shepard, -of Salt Lake City, speaking at the Civitan Juncheon Friday afternoon at the Chamber of. Commerce.

"Would ybu be: surprised to know that the Mormon 'church entrenching itself in North "Carolina, right; here in Charlotte: Would you be surprised to know that the Mormon church holds the balance of pqlitical poyver in the majority of the Western states. That the president of the Mormon church is president of banks arid that the Mormon church is a power in financial centers of the Xorth as yy-ell as tho West," declared Mrs. "You may think that the Mormon church is a rapidly dwindling cult but I i declare to 'you that it is the livest dead thing you never saw. It is trying to avenge the death fthe founder of the Mormon church, Smith, who was mobbed in Every Mormon, wears a secret suit '-of underwear, pattern for yvhich Smith claims he received from God. Every Mormon takes an oath of disloyalty against the United States and prays that, the time may come yvhen the blood of their prophet may be avenged and- the United States government made to she asserted.

Mrs. Shepard told an intervicyv with President Harding. She had an en-gn gement for a JO-minute interview but the President' wias so interested in her story that she remained for an hour and 15 minutes. Mrs. Shepard yvas introduced by Dr.

J. Tibetts. of Boston, who spoke of the parallel of the Civitan club's" motto, "Builders of Good Citizenship" and the motto of the; American Reform Association "Christian Citizenship." Miss Rachel Summerrow- sang and was heartily applauded. She graciously responded yvith an encore. She was accompanied on the piano by Miss Helen Marie Day.

Ray Barkalow won the attendance, prize, a silver pencil; by Plato Alexander." Claude Lee and Frank Croyvell announced that the Civitan-Kiwanis basketball game will be played at the Y. M. C. A. Saturday njght at 8 o'clock Rev.

W. B. Mcllwainc. was program chairman for the day. LUMBER DEALERS IX SESSION.

"Memphis, March" General discussion of business conditions relating to the lurhber- industry and election of officers made up the program for today's sessions of the tyvelfth annual convention of the Southern Retail Lumber Dealers'. Association, meeting here. The convention will adjourn lat today. Cotton Traders Our Interesting booklet Methods of Successful Cotton Traders Featuring 'How they gained large tuccesict i in the cotton market New and Old systems of trading and other profitable information for trading in this active commodity IS JUST OFF THE PRESS WRITE FOR YOUR. FREE COPY 31 Kow.

ROSE SON COTTON-STOCKS-BONDS 24-26 Stone Street Xew York AYire eonneelion in Chrltte, S. O. J. Uvlnsteln, 32 S. Church St.

THOMAS Phone 4503 CHARLOTTE, X. CITlCAr.rr i.isn nrAMja. Chicago. March 3. Wheat, red 1.40: No.

3 red 1.38. Corn. No. 2 mixed, 61 1-2 to 62 yellow, 61 1-4 to 62 No. 2 No.

2 Oats, No. 2 yvhite, 40 1-4 to 41 No. 3 yvhite 37 3-4 to 39. Rye, No. 2, 1.01 3-4 to 1.03.

Barley, 6 4 to 66. Timothyseed 5.00 to 7.00. Cloverseed 15.00 to 25.00. Pork, nominal. Lard, 12.02.

Ribs, 11.25 to 12.50. ST. J.OtJIS New Louis, March ied No. 3, 1.36 1.38; July 1.1S. Corn, No.

1, white 1-2: July 66 3-4 to Onts, No. 2 white 12 1-2; July 43 1-2. qua 3. Wheat. No.

2 1-2 to 1.40; May 60 06 May 64 39; May 18 to MINISTER AGAINST THE 109TH PSALM London. March 3. The Rev. Darcy S. Rudd.

vicar of St. John the Evangelist. Leeds, has decided to expunge the 109th Psalm from the Psalter of his r-hurch on the ground that it is not jnly un-Christian, but anti-Christian. In making this announcement the says that he has not sung the Psalm himself, and he wondered how many members of the congregation appreciated the real import of the terrible words that they sung so enthusiastically. The 109th.

he said, was probably the most maledictory and bitter of the Psalms, and the verses were written by sonio vindictive man yvho was longing 'or revenge. he vicar read some of the passages in which David Complains of his sland-derly adversary and says: "Let his children be fatherless; and his wife a widow. "Let his children bo vagabonds, and beg their bread. there be no man to pity him: nor. hay compassica upon his fatherless children.

"When sentence is given upon him, let him be condemned: and let his prayer be turned into sin." They do us no good, said the vicar, for they represent human nature at its very worst. MRS. MORKLE DIES AT COUNTRY HOME Funeral seryices for Mrs. Xorma Presson McCorkle, 26, yvho died at her home on Tuckaseegee Road, near Lake-wood park Thursday afternoon, were conducted Friday afternoon at 4 o'clock at the home by Rev. J.

A. Baldwin. The pallbearers were R. R. Rankin, W.

H. Brown, -J. R. Porter, W. B.

C. Lawhom and J. R. Hol-11ns. Mrs." McCorkle, who had been sick for several years is survived by her husband, C.

M. McCorkle, her mother, Mrs. W. E. Presson, and four brothers and one sister, including Leonard and David F.

Presson of Crossnore, and J. Benjamin and Baxter Presson and Miss Elizabeth J. Presson of Charlotte. TWO ARE SENTENCED FOR LAW VIOLATION Xew Orleans, March 3. Mark Boas-burg, better known in sporting circles as "Jack -Sheehan," and Tom Shaw, tyvo well known "oralizers" operating at the Fair Grounds race track, were convicted by a jury in Criminal District Caurt today for violation of the Locke anti-gambling law and sentenced to seven months in jail and to, pay a fine of $400 each.

JURY SINGS WHILE NOT DEBATING CASE Athens. March 3. Members of the jury trying the $7,500 damage suit 1 of Mrs. Allie Frix vs the Athens Rail-, way and Electric Company, who have been out since 5 clock yesterday afternoon, were heard singing an old-fashion song in unison in the jury room today shortly after the noon lunch. Layvyers state that this is the first time in the history of th.

court that jurymen have been known to sing while trying case. FLU EPIDEMIC ENDED. New York, March 3. The influenza epidemic, which has claimed 544 lives in Neyv York City since January 1, was declared officially ended yesterday by Health Commissioner Copeland. We are willing to bet the economi-cal experts who tell you how a family of six can live comfortably on $12 a week never have tried it themselves.

A doctor never cares to take his own medicine. DIL WORTH DISTINCTIVE MODERN RESIDENCE On Dilworth's most attractive street, just ai'ound the corner from school -eight large, light and airy rooms, slate roof, full size haso-' ment, downstairs bedroom. Music room, etc. An easy4 housekeeping home. Class Neighborhood Price: $14,500 W.

E. II W. Fourth St. REAL ESTATE A. Z.

TRAVIS, Salesman. JOHN W. TODD. C. P.

A. D. H. McCOLLOUOH, C. P.

A. AUDITS, EXAMINATIONS, INCOME TAX RETURNS, BUSINESS AND COST SYSTEMS. TODD McCOLLOUGH Certified Public Accountants (North' Carolina) 14 Galloway Buildinff..