Newspaper Page Text
ARIZONA REPUBLICAN, PHOENIX, SATURDAY MORNING, DECEMBER 31, 1921.
PAGE isiwE v. Republican A. P. Leased Wire I NEW YORK, Dec. 30 The stock exchange's final fall session of the year was marked by conflicting and erratic fluctuations. Heavy cash sales to meet income tax returns oc curred in many low priced issues but representative rails and favorite in dustrials were comparatively strong, though dull in contrast with the ac tivity shown by speculative issues. Opinions from authoritative sourc es dealing with general conditions in the coming year sounded a note of optimism, especially in relation to commercial and industrial prospects. These were borne out by over night developments, such as the strengthening of the financial posi tion of the Sears-Roebuck company, .further favorable November railroad earnings and advices from Montana indicating early resumption of oper ations In the copper mines. Money rates stiffened in conse quence of unexpectedly large renew als into 1922. Opening at five per Fast Wire East Stocks Bonds Cotton Grain A.W.COOTE MEMBER Chicago Board of Trade Lea Angeles Stock Exchange San Francisco Stock Exchange New York Curb HOTEL ADAMS BUILDING TELEPHONE 6416 Prompt and Efficient Service cent, call loans rose to EH at noon with a further advance to six per cent in the last hour. Sears-Roebuck was the most prominent feature of the day. al though Its extreme advance of slight ly more than seven points was re duced to 4 at the close. Studebak- er, railway steel spring. American ice, Woolworth and sugars were among the other stocks to show sub stantial net gains. Sales amounted to 7 o,000 shares. Trading in foreign exchanges was larger than at any recent period and the strong tone suggested a more en couraging view of European econo mic conditions. Sterling bills were at the week's highest level and all allied quotations were firm, the Ital ian rate making full recovery, Dutch and Scandinavian quotations were 10 to 20 points higher. The bond market was active as a whole, but irregular movement marked the foreign division. Victory 4s, featured the domestic list odd lots selling at $100.20, the year's max imum quotations. Total sales, par value, aggregated 117,350,000. CHICAGO BOARD CHICAGO, Dec. 30 Free selling due to the government report on winter wheat and to liquidation on the part of a house in financial dif ficulties, led to material setbacks to day in the value of grain. Wheat closed unsettled, 2 to 2c net lower, with May S1.15 to 1.154 and July, $1.03 to 1.04. Corn lost one to liic net and oats to 154 cent. In pro visione the outcome varied from 15 cents decline to 2 cents advance. Bearish sentiment regarding the government report was based on con tentions that the yield indicated for winter wheat would be 50,000,000 to W. W. Lawhon Stocks, Bonds, Grain, Cotton, Investments Logan & Bryan Private Wire Service We specialize in Liberty Loan Issues No. 39 South Central Ave., Commercial Hotel BIdg. 70,000,000 bushels more than as a rule had been looked for. Figures pur porting to show that the 1922 harvest would nevertheless be 67,000,000 bushels less than last year's total failed to check the downward swing of the market. Support for values was poor, and with liquidation sales in progress the lowest level of the day was reached shortly before an nouncement was made that a large firm on the bull side had suspended. Cessation of selling pressure fol lowed, and in the brief interval until the close a moderate rally took place, helped somewhat by word that an agreement had been signed for the shipment of $10,000,000 of Rus sian gold to the United States to pur chase food supplies. Another aid too was the fact that primary receipts today were less than half as much as the amount a year ago. . Corn and oats were lower; in sym pathy with wheat and on account of hedging sales. Shorts however, were covering at the last. Provisions reflected the weakness of grain and hogs. DUN'S REPORT NEW TORK. Dec. 30 Dun's to morrow will say: A year which has been marked by general economic readjustment comes to its closing with quietness in business the pre vailing condition, but with promise of improvement to follow. While the seasonal lull has been somewhat more pronounced than usual, much has been accomplished in the way of strengthening the fundamental situ ation, and the outlook is for further gradual commerciad recovery. Final estimates of crop production em phasize the reduced purchasing pow er in agrlcultual communities, small er yields and lower prices having a far-reaching influence, and unem ployment in manufacturing and mer cantlle channels accentuates the re striction of public consuming ca pacity. Weekly bank clearings, $4,978,- AUTO STAGE TIME TABLE AUTO STAGES To Globe. Miami. Roosevelt Dam. over the Apache Trail Dally. To Superior, Florence, Ray. Sonora, Tuesday. Thursday. Saturday. Leaving Ray for Phoenix, Monday, Wednesday and Friday. To Tempe. Mesa, hourly. To Chandler every other hour. Tc Fowler. Tolleson. Cashlon. Coidwaier, Avondale, Wagner. Litchfield, Liberty. Buckeye, Arlington and Gillespie Dam. For further information phone 711 or 1465. UNION 8TAGE DEPOT. 11-1315 East Jefferson Street. ' WOOL MARKET BOSTOX, Dec. 20 The Commer cial Bulletin tomorrow will say: "The demand for wool of all grades keeps up within unusual animation for the closing week of the year when rade is normally slow, not a little wool having been purchased in bond, especially . wools of fine grade and good staple, which some of the mills need apparently with which to piece out current orders. Prices generally show and advance for the week of one to two cents a pound In the grease and some times even a little more. "The wool industry Is hoping for early passage of the permanent tariff bill in order that a basis upon which to operate in the new clip may be ascertained. The manufacturers are not consuming so much as they were but still are using considerable stock. The clothing industry Is cutting prices in order to move large surplus stocks." r Scoured basis: Texas fine 12 months, SO 85; fine 8 months, 67 170. . Territory: Fine staple, 909 H blood combing, 78 81; blood combing 55 60; blood combing, 50 (53; fine and fine medium cloth ing, 6872; fine and fine medium French combing 7884. Pulled: Delaine, 85 90; A. A, 72 78: A. superiors. 6570. .Mohais: Best combing, 2932; best carding, 22 25. bonds closed: 3 Vis, $94.56; first 4s. $96.90 bid; second 4s. $96.30: first 4s. $97.02; second 414s, $96.62; third Vis. $97.50: fourth 414s. $97.22; vic tory 3s, $100.08; Victory 4s, $100.08. . Chicago CHICAGO, Dec. 30. CATTLE Re ceipts, 8000. Market, no choice steers here; medium to good grades very dull, around 50 to 75 cents lower than yesterday; few best yearlings steady; top. $9.00: bulk beef steers. $6.25 7.50; she stock steady to lower; bulk $3.753 5.25; canners and cutters mostly $2.50(0.3.25: bulls strong: stockers and feeders slow to 25 cents lower; best shipping calves strong. HOGS Receipts, 56.000. Market, unevenly 25 to 50 cents lower than yesterday's average; trade moderate ly active to shippers and small and large packers; top. $7.75 for 140 to 150-pound weight to shippers: bulk 180 to 200-pound hogs. $7.00 7.15; 220 to 250-pound weights, $6.606.75 pigs unevenly lower. SHEEP Receipts, 10,000. Market, generally steady; some medium fat Iambs 25 cents lower; fat lamb top early to packers, $11.60; shippers took one load at $11.75; good to choice shippers, $10.25; good lOo-pound ewes, $5.40; few, $5.50; one load feed er lambs steady at $10.50. Kansas City KAXSAS CITY. Dec. 30. CAT TLE Receipts, -beef steers dull steady to 25 cents lower, most 25 cents lower: early top, $7.60; other sales, $5.507.35; better grades she stock mostly 25 cents lower; plain kinds steady; few choice cows, $5.00 5.25; many plain and medium lots. $3.504.00; good heifers, $5.0005.50; calves steady to strong; best vealers. $8.508.75; choice medium weights. 17.007.75; other classes slow and mostly steady: bulk canners, $2.25 2.50; bulls mostly $3.253.75; early Bales Blockers. s.oor.7o. HOGS Receipts. 4000. Market, un evenly 25 cents lower to both ship Ders and packers: best 130 to 1"5 pound weights, $7.307.40; good and choice 200 to 290-pound weights to packers. $7.10 7.15; bulk of sales, $6.807.30: top, $7.40; most packing sows, $5.2 5 5.50; stock pigs up to $7.50: steady to weak. SHEEP Receipts, 2000. Market, sheep steady; lambs 10 to 25 cents lower. Denver DENVER, Dec 30. CATTLE Re ceipts, 600. Market, steady; beef steers. $6.007.00; cows and heifers, 14.00 5.75; calves, $6.009.25; bulls, $2.5003.25; stockers and - feeders. $4,50 6.00. ' ' HOGS Receipts. 400. Market 25 cents lower; top, $7.10; bulk, $6.75 7.10. - SHEEP Receipts. 2200. Market, steady; , lambs, $10.00 10.25; ewes, $3.504.25; feeder lambs, $8.759.50. 1 COTTON NEW TORK. Dec. SO. Cotton closed barely steady, but 19 to 29 points over last night s quotations Spot cotton steady; middling 19.4a. COTTON FUTURES NEW YORK. Dec. 30. Cotton fu tures closed barely steady; January, 19.07; March, 18.95; May, 18.50; July, 18.00; October, 17.18. LIBERTY BONDS NEW YORK. Dec 30. Liberty FOREIGN EXCHANGE NEW YORK. Dec. 30. Foregn ex change strong: Great Britain, de mand, 4.21; cables, 4.21Vi: France, de mand, 8.04; cables, 8.04 V4; Italy, de mand. 4.33V&; cables. 4.34; Belgium, demand, 7.69V4: cables. 7.70; Ger many, demand. 64 Vi: cables, 54; Holland, demand. 36.85: cables. 36.91; Norway, demand, 16.00; Sweden, de mand, 25.12: Denmark, demand. 20.00; Switzerland, 19.55; Spain, demand, 14.95; Greece, demand, 4.25; Argen tine, demand, 33.50; Brazil, demand, 12.-80; Montreal, 94. . - COPPERS Compiled for The Republican by W. W. LAWHON Logan A. Bryan Private Wire Commercial Hotel BIdg. Anaconda 4DVi Butte & Superior 22 Calumet & Arizona SSV4 - Cere de Pasco ... Chile Chino Greene-Cananea Inspiration Kennecott Miami Nevada Cons. ... Ray Cons. Utah MERCANTILE PAPER . NEW YORK. Dec. 30. Call money strong; high. 6: low. 5; ruling rate. closing bid, 6V4: offered at 6; last loan. 6. Time loans firm; 60 days. 6f5 5Vi; 90 days. 55V; six months. 5(ff5V4. rrime mercantile paper, 55Vi. METALS NEW TORK. Dec. 30. Copper steady: electrolytic spot and nearby. 1374 14c: later. 14c. Tin firm: spot and nearby, 33.25: futures,- 32.25 33.00. Iron steady. Lead steadyi spot. 4.70fi4.80. Zinc quiet; East St. Louis delivery spot, 4.90 4.95. Anti mony spot, 4.50. BAR SILVER NEW TORK, Dec 30. Foreign bar silver, 6c; Mexican dollars, 49V4c; domestic, 99 He. PRODUCE CHICAGO. Dec. 30. Butter un changed. Eggs unsettled: receipts. 4042 Closes: firsts. 42V4c; ordinary firsts, 3739c; miscellaneous, 40 42c; refrigerator firsts, 35c. Potatoes steady; receipts, 32 cars; total United States shipments. 377: northern white sacked, $2.002.20 cwt.; Idaho russets sacked, $2.25 2.45 cwt. KANSAS CITY. Dec. 80. Butter, eggs and poultry unchanged. LOS ANGELES STOCK EX- CHANGE I A. W. Coot. Hotel Adams I Close December 30 OILS Amal. Oil 6 Assoc. Oil 100 104 Amer. Crude .. Genl. Pete SI Mascot 145 Mt. Diablo 100 Natl. Pac 7 ',4 Premier 26 H 34 Stand, of Cal 96 Vi Union of Cal 168V4 United Oil 72 73V4 MINES 34' 15 2 S, 28 40 264 playen. presenting a most varied en tertainment. -Sinning and dancing will be featured, as will the great act of McAlbert. the wonder worker, the crystal seance remarkable. , 15 . ,15 . 63 V4 Big Lodge 26 28 Calumet & Jerome 13 IS Dundee 25 50 Goodyear Tire 114 12 Goodyear Tire, Preferred 25V4 26 Ureen Monster 06 12 Jerome Verde 26 32 Magma 25 26 Magma Chief 04 06 New Cornelia 17 18 Ray Hercules 13 15 United Eastern 02 A 02 A Verde Extension 28 Vi 23 Vi o CAN'T SING EVIDENCE LONDON Attorney for London Theater of Varieties offered a song as evidence in a suit brought by the Performing Right Society for In fringement of copyright. He was warned against singing the song, for that would be an infringement. $500 REWARD IN TIME BIRMINGHAM. Eng. Joseph Sedg ly, out of work, found a pearl neck lace. . He received a reward of $500. o Chief sources of graphite have been Ceylon, Bohemia. Germany, France and the United States. o . The Frolic Dance the old year out and the New Year in at the Frolic, the premier dancing club. That's the program for the dancers of the city this evening. and Judging from the advance inter est and preparations the dancing emporium will be the scene of the happiest of gatherings this evening. This is the night that the big show takes place at Riverside after the Frolic closes. The moment the clock strikes 12 tonight the buses will back up to the door and take the crowds to Riverside, where an all nipht watch party will be in full blast. Those who attend the Frolic will be given free gate tickets at the door which will admit them to the park without charge. The same prices for dancing will prevail there, and there will be a shower of good things for the revel ers wno are going to watch the old year out and the New Year in. There will be more doing at Riverside to night than a one-armed man with cooties. Noise makers will be dis tributed free and the smart band will knock your blues cold with the fastest lot of jazz music that ever slipped out of a saxaphone. You will not be asked to pay more than the regular tariir at the park, and if you ro to the Frolic before the hour of 12 you will nave a free ticket given you. Plenty of buses will be provided for all who want to ride that way. The lid of the fun barrel has been lost for this night and you can cut loose and have (lie time of your lives forgetting that cotton took a slump or that trouble is anywhere in sight. This is the ni?ht when you can go the limit for fun. she is coming west to sing at the Philharmonic auditorium in the coast metropol is. Her engagement In Phoenix marks the beginning of a series of musical events second to none ever brought to this city and embracing in Its per sonnel the names of some of the greatest artists of the operatic and concert stage. Kiikards & Nace of this city have secured the exclusive rights to the Rehymer franchise in Arizona and by reason of the affiliation they are able to offer the season of high class con cert acts at their Rialto theater. starting: with the Initial attraction which brings Beatrice . Corelll here for a week, beginning Saturday, Jan. 8. The great artists and musicians will be heard or seen on the Rialto stage running over a season which will not end until May. Due to the 30 weeks provided by Mr. Behymer. the artists are secured for such salaries that the manage ments of the several theaters will be able to show them at popular prices. Miss Corelli will come for the week, changing her songs with the change of the picture programs, and she '"'ill be heard at the regular house prices of the Rialto. Amusement a i (Continued from Page S) Big Jim Tom Reed S .. 14 9V4 1 36 38 17 18V4 .235 237 Vi i 69 70 L. A. Gas & E. 84 L. A. Invest. 95 San Joaqn. L. & P 23 So. Cal. Edison 97 Union Sugat 17 18 one. Every one of the hundreds of scenes marks an epic In the advance of the art of the cinema. And strange as it may seem, there has never been any feature ever made that equals "Quo Vadis" from point of sensational dis play and overwhelming action, de spite the fact that the masterpiece has been out for several years. Its first tour of the United States was a sensation,, and the second tour after several years la exceeding the first appearance. "Quo Vadis" is a romance of the early Christian era. written by Henry Sienkiewicz. and undoubtedly one of the greatest classics of literature. In the filmed version one follows with unerring accuracy the text which has thrilled millions. The burning: of Rome, the imperial court of Nero, the rescue by Ursus of the girl from the back of a maddened bull, the great scenes of the coliseum, the tourna ments of the gladiators, the meeting of the Christians In the catacombs, and the great arena scene In which the Christians are fed to the Hons. All these wonders pass before the de lighted gaze In "Quo Vadis." Starting Monday, the Strand an nounces McAlbert and his company of Noted Prima Donna Coming An announcement that win be of interest to all lovers of good music is forthcoming in the appearance at the Rialto theater in this city of a prima donna of one of America's greatest operatic organizations. Miss Beatrice Corelli, dramatic so prano, late of the Manhattan Grand Opera and of the Boston Grand Opera company, will make her local bow to music lovers by permission of L. K. Behymer of Los Angeles, for whom I Masquerade New Year's Eve Sat., Dec, 31st MIDWAY Over the Busy, Tempe Prize piven to the big and little one and to best make up. The Peppiest Music Ever Come and see Charlie- Chaplin and "The Kid.- . Oodles of noisemakers. Admission 25c. Children 10c Three Big Rollicking Dancing Nights Starting TONIGHT-NEW YEAR'S EVE Every feature is in readiness for a whirlwind dance. GREEN MILL GARDEN The only amusement center where you can see the Old Year out and the New Year in. Dance as long as you like without interruption. The Only Chimes in the Valley Make your reservations, call 22R12. We take car of any size party. e ARC AM OF Paid Before January 7, 1922 Brings You 365 Issues , of the ARIZONA REPU B LI CAN This offer is made but once a year. It is only during this bar gain period that you can subscribe for this big daily and Sunday newspaper at less than the regular subscription price. Do not miss this opportunity. Mail your check today. Obey That Impulse--SUBSCRIBE TODAY The Republican spends thousands of dollars yearly to give its readers all the news together with the last word in modern service. An exten sive carrier delivery service which covers practically the entire valley, gives local subscribers their favorite newspaper before breakfast. The Re publican is delivered by mail or ex press to nearly every city and town in the state on the same day it is printed. Decide now that you want The Republican for 1922 Mail your check today. In the daily and Sunday issues of The Republican you will find many items of interest. The complete tele graphic report of the Associated Press, covering news of the world, up to date local and state news; live sport news; latest financial and market reports, giving quotations on industrials; live stock; copper; cot ton, etc.; special daily page for wo men; Sunday magazine page; latest news pictures; comic strips; car toons; articles by nationally known writers and many other special fea tures are found in the daily and Sunday issues. We want everybody in Arizona to read The Arizona Republican in 1922. Decide now to have this big family newspaper in your home. The reason we are able to make this special rate is that it eliminates bookkeeping, billing, collecting and other expenses incurred where col lections are made. The Republican at 6.50 for one full year is a real bargain. You cannot afford to be without The Arizona Republican during the coming year. Take ad vantage of this big annual bargain offer now and save 30 ft of the regu lar subscription price. All subscriptions must be paid to or in advance of January 1, 19 22 before $6.50 will be credited for one year. Bargain rate does not apply to out of state subscribers. Out of state subscriptions only accepted at regular rate of $13 per year. A rizona II r. r. f I v 1 s -