Richmond Palladium (Daily), Volume 45, Number 27, 12 December 1919 — Page 22

PAGE TWENTY-TWO

THE RICHMOND FALLADIUU A2TD SUN-TELEGRAU. FRIDAY, DEC. 12, 1919.

markets!'

U.S. Needs Great Merchant Marine to Hold Trade, Says American Shipping Leader

WAGNER GRAIN LETTER CHICAGO, Dec. 12. Grain markets have rallied on signs of another two days' spell with a cold wave. Liberal domestic-sales of oats 300,000 also a factor. Other factors remain confused, but apparently in favor of bulge sales basis of . current levels. Cotton and securities 'are unsettling. Over night the news does not indicate any serious Saturday bulge. There is some talk of larger corn receipts., ' CHICAGO GRAIN RANGE Furnished by E. W, WAGNER & CO, 212 . Union National Bank Build- . Ing. Phone 1720. ; CHICAGO, Dec. 12. Following is the range of - futures on Chicago Board of Trade today: - Open High Low Close corn " Dec 140 441 f 139 141 , May ; . . ..132 132 130 132

' ' OatsDec. 77 77 76 May. 79 79 79 Pork Jft&' v- 3525 Lard ' Jftzi ' 2240 RibS J&Q -p 1T95

77 79 S5.25 22.50 18.10

(By Associated Press)

TOLEDO, 0., Dec. 12. Clover seed Prime cash and Dec, $30.45; Jan.,

T30.40; Feb., $30.45; March, $30.25. AlBike Prime cash and Dec, $30.15;

March, $30.00. Timothy Prime cah, 1917 and 1918, $5.30; 1919 and Dec,

$5.52; March, April and May, $5.65,

(By Associated Press)

CHICAGO. Dec. 12 Corn, No. 2

mixed, not quoted ; No. 2 yellow, not

Quoted; No. 3 yellow, $1.44 1.45.

Oats No. 2 white, 81 82c; No. 3

-white, 78 l-482c Pork Nominal; ribs, $18.25 18.75; lard, $22.62022.62. .

(By Associated Press) CINCINNATI. O., Dec. 12 Receipts

Cattle, 1,000; hogs, 6,700; . sheep,

1,150.

Cattle Market 25c lower; shippers, $10.5015.00; butchers steers, extra, $12.0013.00; good to choice, $10.50 12.00; common to fair. $6.5010.00; heifers, extra. $12.00 13.00; good to

choice, $10.00 12.00; common to fair,

$6.0009.60; cows, extra, $10.0010.50; good to choice, $7.509.50; common to fair, $5.50 7.00; canners, $4.505.25; stockers and feeders, $6.50 12.00;

Bulls, weak; bologna. $6.50 8.00: fat

bulls, $8.509.50; milch cows, strong; calves steady, extra $18.50 19.00;

fair to good, iiz.uog)i8.uo; common

and large, $6.00 11.00. Hogs Strong, market 25c higher;

selected heavy shippers, $13.50; good

to choice packers and butchers, $13.50; medium. $13.50; stags, $8.009.00; common to choice heavy fat sows, $9.00 12.00; light shippers, $13.00 14.50; pigs, 110 pounds and less, $10.00 12.75.

Sheep Steady; good to choice lights, $7.007.50; fair to good, $6.00

7.00; common to fair, $3.00 6.00;

lambs, steady; good to choice, $14.50

15.00; fair to good. $14.0014.50; common to fair, $8.00 14.00.

(By Associated Press) CINCINNATI, O.. Dec. 12. Wheat Ho. 1 red, $2.582.59; No. 2 red, $2.56 2.57; No. 3 red, $2.532.55. Other grades as to quality, $2.002.56 Corn Unchanged.

LIVE STOCK PRICES - . (By Associated Press) INDIANAPOLIS. Ind Dec 12. Hogs Receipts, 12,000; higher. Cattle Receipts, 900; steady. Calves Receipts, 400; higher. Sheep Receipts, 400; steady. HOGS Good mixed. 150 lbs. up, average, $13.7513.85; assorted, 150 to 200 pounds average, $13.7514.00; assorted, 210 to 240 pounds up, average, $13.7514.00; selected, 250 lbs. up, average, $13.75; fat hogs, weighing down to 140 lbs., $13.50 13.75; fat back pigs, under 140 lbs., $13.50 13.75; feeding pigs, $13.50 down; sows, according to quality, $12.50; pregnant sows, $8.0011.00; poor to best stags, SO pounds dock, $12.50; bulk of sows, $12.0012.25. CATTLE. Killing Steers Extra good, 1,300 lbs. and upward, $17.0018.00; good to choice, 1,300 lbs. and upward, $16.00 17.00; common to medium, 1,300 lbs., upward, $15.0016.00; good to choice 1,150 lbs., $14.0015.00; common to medium, 1.150 to 1,250 lbs., $12.50 .13.50; good to choice, 1,000 to 1.150 lbs., $13.00 14.00; common to medium, 1,000 to 1.150 lbs., $10.0012.50; poor to good under 1,000 lbs., $11.00 14.50; good to choice yearlings, $14.00 16.00. Heifers Good to best, 800 lbs., and up, $11.5015.00; common to medium, 800 lbs. up, $9.0011.00; good to best, under 800 lbs., $12.00 16.00; common to medium, under 800 lbs., $7.00 10.50. Cows Good to best, 1,050 lbs. upward, $9.00 12.00; common to medium, 1.050 lbs., $S.009.00; canners and cutters, $5.00 6.50. Bulls Common to best, 1,300 lbs. upward, $8.00 9.00; good to choice, comon to medium yearlings, $6.00

under 1.300 lbs., $7.508.75; fair to

medium, under 300 lbs., ?6.507.25;

common to good bolognas. $6.00 7.00 Calves Good to choice veals, under 200 pounds, $17.0019.00; common to medium veals, $15.00; good medium veals under 200 lbs., $1015; good to choice heavy calves, $1012; common to medium heavy calves, $6.509.00. Stockers and Feeding Cattle Good to choice steers, 800 lbs. and up. $11 12.50; common to fair steers, 800 lbs. and up, $9.5010.50; good to choice steers, under 800 lbs., $10.00 11.60; common to medium steers, under 800 lbs.. $8.00 9.50; medium to good cows, $6.507.50; good to choice milkers, $110150; fair to medium milkers, $75100; stock calves, 250 to 400 lbs., $7.00(3)10.00. SHEEP AND LAMBS Good to 'choice sheep, $6.507.00: common to med. sheep, $4 6; good to choice lambs, $14.00 15.50; common to medium lambs, $1250; good to choice yearlings. $7.50$8.50; $7.00; bucks, per 100 lbs., $4.505.50.

(By Associated Press)

CHICAGO, Dec. 12. Hogs Receipts

25,000; market steady; bulk $12.85 13.25; top $13.40; heavies $12.85

$13.25; medium $12.9013.30; lights.

$12,850)13.25; light lights $12.75i

$13.10; heavy packing sows, smooth, $12.2512.75; heavy packing sows, rough, $11.7512.25; pigs $1213. Cattle Receipts 10,000; market slow; beef steers, medium and heavies choice and prime, $18.75 21.25; medium and good, $11.2518.75; common, $911.25; light weight, good and choice $13.75 20.50; common and medium 8 13.75; butcher cattle, heifers $6.5015.25; cows $6.3514.00; canners and cutters $5.25 6.25; calves $16.7517.25; feeder steers, $7 12.50; stocker steers $610.75; western range steers $7.5015.00; cows and heifers, $6.5012.50. Sheep Receipts 17,000: market

unsettled; lambs $14.75 7; culls and common $1114.50; ewes, medium, good and choice, $8 10; culls and common $4.50 7.75.

(By Associated Press) PITTSBURG, Dec. 12. Hogs Receipts, 2,300; market, steady; heavies, $13.8014.00; heavy Yorkers, light Yorkers and pigs, $14.00 14.25. Sheep and Lambs Receipts, 1,500; market, steady; top sheep, $10.25; top lambs, $16.75. Calves Receipts, 100; market, steady; top, $25.00.

BOSTON WOOL MARKET. (By Associated Press) BOSTON, Dec. 12. The Commercial bulletin tomorrow will say: Most of the business this week has centered in the government wool auction, where the demand for fine wool has been keen and where prices have been strengthened somewhat, especially on Inferior and fancy wool. Other grades down to and Including have been In fair request, also at firm prices. "The goods market here is very strong, although new business is not being accepted at all freely by the mills.''

PRODUCE MARKET (By Associated Press) CHICAGO, Dec. 12. Butter Market higher; creamery firsts, 5768c. Eggs Receipts 489 cases; market, lower;

lowest, 68c; firsts, 72 73c. Live Poultry Market, lower; fowls, 17 23c; springs, 22c; turkeys, 32c Potatoes Steady; arrivals, 18 cars; Northern white, $3.05 3.25; Western rurals and russets, $3.65 3.75.

- The purpose of the shipping board Is to-establish a permanent American merchant marine; ultimately resting on private enterprise and private capital; supported by the grain and cattle growing farmers of the Mississippi valley and the west and northwest; by the cotton growers of the south; by the miners of the east and west, and by. the producing labor and capital of our great manufacturing institutions. It the American people are to maintain their present high standards of living and retain even approximately their present position in finance and trade, our annual surplus must be sold in foreign markets, and we can not do this without ships ships owned and controlled by Americans flying the American flag into every port of the world. The war has given us ships. We now have 1,300 shipping board ships, operating forty-one trade routes, carryin? our products under our own flag into he Important world ports. By the end of 1920 this number will be increased to some 2.250. Sales of ships to Americans are being made, but the new sales do not keep pace with the new launchlngs. The problem of establishing a permanent merchant marine presses for solution. No question of government ownership is involved. The question is not between public and private ownership, but between American and foreign ownership. We want an established American merchant marine, how it shall be owned is less import

ant. We desire that every ehip now government owned shall be sold to and

be privately owned and operated by Americans for Americans, but that

come later. Now the chief thing in hand is to create a merchant marine. Ships alone will not do this. Indeed, unless we have men, money and brains

1 v " v v ib s I

By JOHN BARTON PAYNE,

Chairman United States Shipping

Board. in the shipping business, ships may beeome a liability rather than &a asset. How, then, may a merchant marine be established? It cannot be done in

a day. It cannot be done by legislation alone. It require time, habit, growth and Individual capacity, initiative and enterprise. sMany seem to think the shipping board can do this by reducing . the price of ships and instantly shipping men will spring up and all our ships will be bought by private owners, and presto! a merchant marine is a fact This is a serious error. A substantial reduction in price would undoubtedly sell some 300 of our best ships, but this would not touch the problem. Ships cannot be sold in large numbers until the country is prepared to buy them. It is not now prepared. We have only a few successful ship

ping companies; they, however, in

sist that we reduce our prices and we would thereby be able to sell the ships. That this is a fallacy is of easy demonstration, as is also their claim that there is a world market price for ships. (

There is no such market price. No other country has ships ready for immediate delivery, hence there can be no world market price. - The demand

for ships for present use cannot be

met by building ships for future de

livery; the need for tonnage is Instant and pressing, and is now greater than ever before, and cargo rates are higher. We alone have ships for sale, ready for spot delivery. Our prices are based on a fair estimate of cost, and a regular schedule of prices and terms Is maintained, the Same to all persons. When can we build ships cheaper? Certainly there Is no Indication here or abroad that labor and materials are getting cheaper. How, then, can ships be cheaper? England's costs are rising and she has no ships

for sale; Indeed, she Is tn the market to buy ships. Yon ask. then, "Why dont we sell our ships? Because we want to sell to our own people for use under our own flag, and our country has not yet begun to think la terms of ships. We hare not acquired the ship habit. Who loans money on ships? Whom of your acquaintances would buy a ship mortgage? Axe your neighbors sending their boys to sea? These things must come to pass before we are a maritime nation, prepared to buy over 2,000 ships.

j Funeral Arrangements j

GOTTENKEINE, ALLEGED ARMY ...

ARftr.nNnFn faces couru

- - - m , '

tyittsvtu J2. Kt. Dec.' 12

tenant John C. Gottenkelne. fifth field ;

artillery of the first division, was brought to Camp Zachary Taylor last , night from Governor's Island; N. Yr

to await , trial by coorUnartial on

charges of absconding at Coblens. Ger

many, with the regimental payrou ox -

140.000. Gottenkelne, whose absconding into Germany last May with the regiments payroll, attracted widespread Interest in American army circles, was arrested by German author!-. ties in Freiburg, near the Swiss border., devoid of cash and returned to American headquarters, r

P. oberta- Funeral services for Henry

S. Roberts were held at 10 o'clock

Friday morning from his home on

South Sixteenth streeL. Burial was in

Karlham cemetery. The Rev. E. Howard Brown and Truman Kenworthy

officiated.

- Shaver Funeral services for Mrs.

Myrtle Shaver will be held from her

home at 2 o'clock Saturday afternoon.

Burial will be in Earlham cemetery. The Rev. O. E. Treasel will officiate at

the services.

FORMER BRITISH SOLDIERS

GIVEN PASSAGE TO AFRICA

(By Associated Press) LONDON, Dec 12. Fifteen hund

red former army men are soon to leave England to try their fortunes In

East Africa. This is the first of about 5,000 approved applications under a government scheme which grants the

men free passages. Lack of shipping

is holding up transportation of the

others tor a time.

Briefs

i

NOTICe Electrical Workers, open meeting at T. M. A. hall Friday. Dee. 12. Come. When water boils In a kettle invented in Japan the bubbles hit metallic bars.

NOTICE RED MEN Special media? Sesday it 2 p. m. All mesbcrs ere requested to be pretest, pie team will cosier the wsrricrs degree on 10 cssdidates.

shallotts, 10c lb.; Brussel sprouts, 35 cents each; cauliflower, 20c lb.; mushrooms, $1.25 lb.; oyster plant, 10c lb. Eggs, 82 cents dozen; storage eggs, 60c doz.; creamery butter, 87c lb.; country butter, 75 c lb. Produce, Buying. Country butter, 65c lb.; eggs, 75c doz.; old chickens, 20c lb.; frying chickens, 20c lb.; turkeys, 35c lb. Fruits. Bananas, 12c lb.; lemons, 40c doz.: apples, 10 to 15c; Tokay grapes, 30c lb.; chestnuts, 50c lb.; fresh cocoanut, 20c; Fancy Delicious apples, 3 for 25c; fresh pineapples, 35c each; cranberries, 13 to 15c lb.; California pears, 5c each; kumquots, 50c quart.

LOCAL QUOTATIONS (Furnished by Whelan) BUYING Oats, 75c; rye, $1.35; straw, per ton, $8.00; new corn, $1.35 per bushel. SELLING Cottonseed Meal, per ton. $85.00; per swt., $4.35; Oil Meal, per ton, $87.00; cwt, $4.50; Tankage, 50, per ton. $93; per cwt., $4.75; 60 per cent,

$108 per ton; cwt., $5.50; Quaker Dairy Feed, per ton. $55.00; per cwt $2.85. SalL. per bbL, $2.75. Wheat bran, per ton, $48; cwt, $2.50; Bran and shorts mixed, per ton, $53, per cwt, $2.75; Pure wheat middlings, per ton. $57, per cwt., $3; Standard middlings, per ton. $55; per cwt.. $2.85.

LOCAL GRAIN MARKET Richmond flour mills are paving $2.16 for No. 1 red wheat; $2.13 for No. 2; $2.10 for No. 3; No. 4, $2.09; No. 5, $&.U6.

PRODUCE MARKET The following aro the jobbing prices on produce In Richmond today: Eggs, per dozen, 65 cents. Creamery butter, 71 cents. Old chickens, per lb, 20c; frying chickens, per lb., 20c.

RAILS ACROSS AUSTRALIA. It Is now possible to make a continuous railroad Journey from Perth, Western Australia, to Brisbane, Queensland, a distance of 3,895 miles.

(By Associated Press) CINCINNATI, Dec. 12. Butter fatFirm. Eggs Lower; prime firsts, 73c; firsts, 70(g) 72c; seconds, 64c. Poultry Steady; springs, 26c; hens, 24c; turkeys, 40c.

Corrected by McLean ft Company, Dayton, Ohio. Bell Phone, East 28: Home 81235 DAYTON, Ohio, Dec. 12. Hogs Receipts, 4 cars; market, 25c higher; choice heavies, $13.25; packers and butchers, $13.25; heavy Yorkers $13.00 13.25; light Yorkers. $12.5012.75; pigs, $11.0012.25; stags. $90011; choice fat sows, $11.5012.50; common to fair, $11S12. Cattle Receipts, 10 cars; steady; Fair to good shippers, $11.00 13.00; good to choice butchers. $10.0012.00; fair to medium butchers, $9.00(3)11.00; good to choice heifers, $9.00(3)11.00; fair to good heifers, $7.009.00; choice fat cows, $8.009.00; fair to good fat cows, $7.008.00; bologna rows, $5.005.50; butcher bulls, $S.OO 9.00; bolosna bulls. $7.008.00; calves, $14.00 15.00.

, Sheep Receipts, light; market, steady. Sheep, $4.0007.00; lambs

$8.00011.00.

(By Associated Press)

EAST BUFFALO. Dec. 12. CattleReceipts, 725, steady. Calves Re

ceipts, 900; $1.25 higher; $6.0021.75. Hogs Receipts, 5,600; 25 cents high

er; heavy, $14.00 14.50; mixed, $14.00

14.25 : yorkers, $14.25; light do and

pigs, S14.2514.50; roughs, $12.50

13.00; stags, $8.00(0)11.00. Sheep and Lambs Receipts, 3,000; 75 cents to

$1.00 higher; lambs, $9.0017.50:

yearlings, $8.0014.00; wethers, $10.00 011.00:' ewes, $3.009.50; mixed

iheep, $9.5010.00. -

LIBERTY BONDS NEW YORK, Nov. 12. Prices on Liberty bonds today at 2:55 p. m., were: 3 1-2 $ 99.40

First 4 93.68, Second 4 91.54; First 4 1-4 93.78 i Second 4 1-4 91.98!

Tihrd 4 1-4 93.94

Fourth 4 1-4 91.92 Victory 3 3-4 98.94 Victory 4 3-4 98.94

1MIFD1

NEW YORK STOCK LIST (By Associated Press) NEW YORK, Dec. 12 The closing

quotations on the stock exchange were:

American Can, 51 5-8. Am. Smelting, 64 7-8. Anaconda, 56 3-8. Bethlehem Steel, "B", 901-8. Chesapeake and Ohio, ex. div. 63. Chino Copper, ex. div., 34 3-4. General Motors, 3171-2. Goodrich Tires, 78 5-8. Mexican Petroleum, ex. div., 185 3-4. Pennsylvania, 40 1-8. Reading, 74 5-8. Studebaker, 102 7-8. Union Pacific, 121 1-4. U. S. Steel. 1015-8. Utah Copper, ex. div., 70 3-8.

LOCAL HAY MARKET Steady; No. 1 timothy. $28.50 29.00; $28.00; clover, $30.00. (By Associated Press) INDIANAPOLIS, Nov. 12. HayFirm; No. 1 timothy. $29.50 30.00; No. 2 timothy, $28.50 29.00.

BUTTER FAT QUOTATION Butter fat delivered in Richmond bringing 75 cents this week.

is

u SPLASHERS, only 59c SHELLS, only 98c HIGH BOYS, only 79c KEWPIES (Dressed) only 79c See them in our Window FOR BOYS AND GIRLS AEROPLANES, only $1.75 ENGINES, only $1.98 STREET CARS, only $1.98 These are heavy friction toys built to last iniaHHSsssaBBBMaMBaHiBBBBsaBBBa MAHOGANY SMOKERS, only . . $1.98 MAHOGANY TRAYS, only $1.98 MAHOGANY CANDLESTICKS . 59c MAHOGANY NUT SETS, only . . $1.19 Shop at

Himestt Mime If X M A S

To iie

In this city

He surely would appreciate a real good Tie. We have them In Fine Quality Knit ,

OPEN SAT. NIGHT

Other Ties in beautiful silks

$1

HD

See these Ties before you buy.

LICHTENFEJLS

IN THE WESTCOTT HOTEL

RICHMOND'S FOREMOST FURNISHERS

I ZZ 1

FRUIT & VEGETABLES (Furnished by Eggemeyer'a.) LOCAL PRODUCE Hot bouse tomatoes, 25c lb.; beets, 10c bunch; leaf lettuce, 30c lb.; head lettuce, trimmed, 40c lb.; dry onions, 8c lb.; parsley, 15c bunch; green mangoes, 6c each; garlic, 75c lb.; summer squash, ,3c lb.; cucumbers, 25c each; cabbage, 8c lb.; egg plant, 25c lb.; home grown celery, 8c bunch; green beans, 25c lb.; radishes, 6c bunch; spinach, 20c lb.; Colorado potatoes, 5c lb., 75c pk $2.50 bushel; sweet potatoes. 10c lb.: rutabaeas. 5c lb.: tur

nips, 10c lb.; Spanish onions, 15c lb.;V

EXPERT RADIATOR xlEPAIRING Get your radiator ready

for winter. We repair or

P rebuild any radiator.

Richmond Batte ry & Radiator Co.

Cor. Twelfth and Main

Phone 1365

Oil, Mining

and

A tl

Questionable Stock-Selling

tmini

is not and will not be accepted for publication by THE PALLADIUM This is done for the protection of our readers and the general public If You Want to Invest Your Morie y Our advice is -that you call at any of the Richmond banking institutions they will gladly give you safe and sound advice.