North Carolina Newspapers

1 WHEAT GOES HIGHER r StockslShow Impetus for a Higher Level. CONFIDENCE RESTORED LA HOB SHIPMENTS ON ACCOUNT OF GOOD CROPS HAVE AN UPWARD EFFECT ON STOCKS Buoyancy of the Industrial Stocks the Result of Bright Outlook for Trade in the Staple in Which the Corpor ations Deal. Now York, Aug. 3.—The cotton market opened steady at an advance of l(r/3 points but subsequently weakened under active selling originating in Liverpool and New Orleans orders. The disposition to sell was increased by the weekly gov ernment re(iort stating that the cotton crop continues to make favorable pro gress. The continued apathy of outside specu lative interst added to the weakness. Late in the afternoon renewed liquida tion caused a sharp break, which loss was partially recovered just before the close close on covering by shorts. Ihe market closed steady at a net loss <h 4@l<) points. Total sales 62.500 bales. E. B. CUTHBERT & CO.’S LETER. New York, Aug. 3.—(Special.)—Wheat made another new record for high prices to-day, advancing 2% cents in this mar ket on top of last night’s prices, to 84% for September and 83 cents for the De cember option, while September in Chi cago advanced 1% to i < % and December to 78%. The market showed its great strength by absorbing all the realization sales and other offerings and closing strong at the top prices. In all 105 loads of wheat were taken here_ and_ at the outports to-day, including t>s to <0 loads in this market alone. This is equivalent to nearly 1,000,000 bushels and beats the record for one day’s business. Cash wheat was very strong here, at about 85% for September, and this, with Liver pool futures closing firm at 2 to 2%d net advance over Friday’s prices, firm con tinental markets, a decrease of 1,400,000 in Europe in stocks for the week and world's shipments of 5,100,000 and con firmation of previous unfavorable crop reports in France and Austria, combined to offset our continued favorable crop outlook, heavy Northwestern receipts, large arrivals of new wheat and every thing in fact that could be said against the market. There is no let-up in sight to the foreign demand, as it is now well known that the European crops are 25 to 35 per cent short and as a consequence we do not look for any break in prices until this demand has been satisfied. Cotton experienced a severe set-back to-day, influenced principally by liquida tion by short waisted bulls. The bears took advantage of the situation and ham mered the market during the day. Au gust declined 15 points from the opening to 7.50 and September 0 points to <.25. while the rest of the list declined 7 to 8 points and finally closed quiet and steady at 1 to 2 points up from the lowest. The crop news was more favorable and the weekly government crop report was not quite so bullish on the r J exas crop outlook as had ben expected. Early •cables wore quite favorable to the bulls, showing en advance of l-32d in spot cot ton there since Friday, with spot sales of 12,000 bales, while futures opened 3% points higher. Spot cotton here ruled firm, with prices unchanged front yesterday, at 8 cents for middling, with total sales of 733 bales for spinners. The stock market farther demontruted to-day its great strength * and reflected like a mirror the revival of business and prosperity that is going on quietly, but nevertheless, surely and substantially all over the country, particularly in the South, Southwest and in the West. Our magnificent agricultural outlook and the handsome profit which will accrue to the farmers this year from the continued heavy foreign demand for wheat and advance in prices cannot be accurately measured. It is evident on its face, hovv ever, that it means a great increase in the purchasing power of the farmer, and this will in due time be reflected at the various mercantile centers and later ap pear in increased railroad earnings. On this outlook London houses and the lead ing banking and financial institutions, as well as all the large local operators, bought the stocks freely to-day. The only people who were surprised at the continued strength of the market were the bears and confirmed calamity howlers and others who failed to recognize a hull market, when they saw it. Commission houses had an active day, and, although they traded freely on both sides, they bought considerably more than they sold, the bulk of the purchases being for out siders for investment account, while the sales were principally to secure profits on stocks which had been well bought last month. We find bullish sentiment predominating and a very hopeful feel ing prevailing all over the country In regard to the future. The only blue spot is in the soft coal regions from the min ers’ strike. This deplorable condition, however, is not likely to continue much longer, as strong efforts are geing made to effect a settlement. We continue to advocate purchases of all the better class of stocks and bonds on soft spots. E. B. CUTHBERT & CO. NKW YORK. Nbw York. August 3.—Futures opened steady; sales 2,400 hales. Futures closed steady; sales 62,500 ba’os. Opening. Closing. August % 7 65 7 63 September 7 36 7 26 October 7 a) 7 13 November 7 J 2 707 December 7 16 7 10 January 7 20 7 13 February 7 Vi 7 16 March 7 27 7 20 April 7 30 7 23 May 7 31 Spot cotton quiet; middung uplands 8, middling gulf 8 1-16: sales 733 bales. LIVERPOOL. Livitßpnoi., Aug. 3 —4:00 P. M.—Hpot cot ton, fair demand: prices higher; American American middling 46-1 fid; low middling 4 3 16d: good ordinary 4 1 ISd: ordinary 3*. Sales of the day were l'?,000 bales, of which 1,000 were for speculation and export, and included 11,000 American; receipts 4,000 bales, | including7oo American. Futures opened stcudy. with a fair de mand, and closed barely steady at the ad vance. American middling. August 4 13 August aud Seotember ... 4 00 September and October 4 0104 03 October and November 3 60 November and December 3 57 December and January 3 65@3 56 January and February 3 55@3 56 February and March 3 56 March and April 3 56@3 57 April and May 3 57@3 58 May and June 2 58@3 t 9 NEW ORLEANS. Anew Orleans La., August 3.—Cotton quiet: sales 10,900 bales. August 7 40®7 47 September 6 9.@6 98 October 6 81@6 82 November 6 B’®6 83 December 6 84(a6 t-5 January 6 87®6 88 February 6 90®6 y 2 March 6 0306 95 OTHER COTTON MARKETS. Galveston, Steady, 7%, 297 bales. Nortolk, firm, B*. 52 hales. Baltimore, nominal, Bk, bales. Boston, quiet, 8, 2 bales. Wilm..igton, 11 rm, 8,7 bales Philadelphia, lirm, Bk, bales. Savannah, tlrm, 7k. 13 bales. New Orleans, steady, 7 11 16,102 bales Mobile, nothing doing, 7k, bales. Memphis, steady. 7 13-16,9 bales. Augusta, quiet, Bk. 25 bales. Charleston, firm. 7k, 1 bale. Cincinnati, quiet, Bk, 137 bales. I-ouisville, quiet. 8. bales. St. Louis, steady, 713 16.80 bales. Houston, quiet, 7k, 488 bales. New York, quiet, B, bales. RALEIGH COTTON MARKET. RALEIGH. N. C., A UgUSt 3 Strict good middling »*@7X Good middling 7*o7* Strict middling.... Jk Middling 7*@7* Receipts 6 bales. RALEIGH PRODUCE MARKET. Good spring chickens JO ®!5 Grown hens 17k@20 Eggs 7 uv 8 Rutter 15 @l7* New honey 7*@ 8 Peas 80 ftfjl N. C. Hams 9 @lO RALEIGH TOBACCO MARKET Smokers, Common 30 “ Good 50 * Fine 10015 Cutters, Com mo*'. 10@16 “ Good 180* Fillers, Common Green 3@ 3 “ Good • • 40 6 Ft"e 6® 10 Wrapper immon- 4 i 1 “ Good.. «Jobc *• Fine 35050 Market strong with goou demand for all grades NEW YORK MONEY MARKET. New York. August 3 -Money od call easy at Dial* per cent: last loan at 1* per cent, closed at lkal* percent. Prime mer canti e paper 3@4 per cent. Sterling ex change wea», with actual business in bankers' bills at 4 87a4 87k for demand, and 4.85ka» 86 for sixty days. Posted rates 4.8s 1 ...a 4 87* and 4 87*@4.88*. Commercial bills, 4.85*. Mexican dollars 45 Silver certificates 68ka58k. Bar silvers7k. Government bonds strong. State bonds dull. Railroad bonds strong. STOCKS AND BONDS. New York. Aug. 3.—The market for se curities received a further powerful im petus towards a higher level of values to-day. Buying was animated and in large volume in all departments, not ( only of the stock market, but of the bond market as well. The confidence of the general public in the revival of busi ness and the improvement of values to result was plainly manifest in the large commission house orders executed on the floor of the exchange these being in such number and of such importance as to overwhelm all attempts of the profes sional operators to check the advance and to manipulate the market for a reac tion. All the news was such as to push on the enhancement of prices. Reports of crop prospects continued most en couraging from all quarters and the continued rise of price in the grain mar ket reflected the confidence of buyers that ! good prices were to be realized for the j crops. The returns of railroad taffic i from the West and Southwest showed the [grain movement to be in such volume as Ito leave the amount of business to be doen by the railroads only a question of the number of cars they can secure to transport the grain offered. The West ward movement of merchandise is also reported to be large for the season, so I that the trains carried westward, as well Jns those coming eastward, are producing revenue for the railroads. The buoyan cy of tho industial stocks was the re- I suit of the bright outlook for the trade ,in the particular staples in which these ■great corporations deal. The gas eompa- Inies especially were lienefitted, Consoli dated Gas leading with a net gain of 5% points. The exchange situation was also much cleared, the quotations for actual business in sterling exchange breaking to $4.87 or sight bills, and $4.85% for sixty days. The declining tendency is due to the free offering of grain bills, which are likely to increase from this time on. In view of fins fact, further exports of gold are exceedingly unlikely 'to occur and the annual reflux of the yel low metal will probably begin at no dis tant day. The heavy adverse trade bal ance to result from foreign purchases of grain is considered to be the motive of the persitent disinclination of foreign exchanges to invest in American securi ties and of their disposition to take prof its by selling these securities in the New York market. Sales of this character were large to day, especially of Northern Pacific pre ferred. The following list of advances ndicates the proportions of the improve ment I Consolidated Gas, 5%; East River Gas, 3; Sugar, preferred, 3%; Sugar, Brooklyn | Union Gas, Chicago Gas, General Elec | trie, Las Lode Gas, Oregon Navigation, St. Paul and Duluth, both common and preferred ,and Spirits, preferred, 2 points or over. Total sales of stocks to-day was 475,- 425 shares, including Atchison, 6,635; Atchison,* preferred, 8,939; Chesapeake end Ohio. 10.400; Burlington and Quincy, 124,850; C. O. C. and St. Louis, 5,220; Louisville and Nashville, 13.570; Manhat tan L., 6,600; Missouri Pacific, 7,285; New Albany and Chicago, preferred, 11,- 820; Northern Pacific, preferred, 20.310; Northwestern, 6,855; Reading, 7,100- Rock Island, 19,120; St. Paul, 44,592- Southern Railroad, preferred, 9,’iisj Union Pacific, 5,155; American Spirits! 14,605: American Tobacco, 33,750; Chi cago Gas, 20,440; General Electric, 18,- 045; Sugar, 26,912; United States Lea ther, preferred, 5,610; Western Union. 12.630; Chicago Gas Works, 11,292. Trading in railroad mortgages was in large volume with substantial variations in many issues. The low-priced securities were eagerly sought for by domestic and foreign purchasers. The general tone was very strong, with specific influences operating to enhance values of some lions, notably Oregon Improvement consol. s’s! Trust receipts were conspicuous for a rise of 5% per cent, to 30, with a later re-ac tion to 28. The aggregate sales were $3,990,000. The sac-simile signature of BS P * Is on eveix wrapper of C ASTORIA Tll-M JhEWS AND OBSERVER, A FOUST 4, 1897. NEW YORK CLOSING STOCKS-WEST. Atchison 14 do. pref 28* B & O 9* Can Pac 73 Can Bo 54 Cen Pac io* C&O 21 Chicago A1t0n.... 157 C, B & Q 897« Chi & Ki 11... . 40 C, C, C&Bt L 31* do. pref hi Del Hudson 117 k Del, L & W 157* Den& Rio G 12 Den ftRG pfd... 46* Erie (new) 16 Erie Ist pfd 38 Fort Wayne 164 G N pfd 120 Hock Valley.... 3 111 Central 103 L E & W 17* L E & W pfd 70* Lake Shore 173 Lft N 67k Man L 95* Met Traction —ll3* Mich C 103 Minn & St L 24* de lstpref.... 85* M P 26* M Ac 0 23* Mo K & T 14* do. pref 35* New Alb & Chi... 12 do, pref 32 N J Central 90* NYC 102 N Y Chi & St L.. ’4* do lstpref... 72 do. 2d pref... 34* North AVest, 11 * No Amer Co 6* Northern Pac.... 15* N Pac pfd . —... 46* Ont & Western... 16* Ore H & Nav 27k Ore short Line.. 20 Pittsburg 166 Reading 21k Rock Island 81* StL&SF 4* St L & 8 F pref.. 11 St Paul Bi* St Paul pfd 142 StP&O 66* 8t P & O pfd 144 St P M & M 127 So Pacific 17* South K R 10 do pref 83* Texas Pacific 12k Union Pacific.... 7* I’POA Gulf ... 3k Wabash 7% do pref 18* Wheel & L E 1* do pref 5* Adams Express. 15 i Am Express 115 U 8 Express 46 W F Express.... 107 Am CO 18* do pref . ... 69* Amer Spirits— 14* do pref 34* Amer Tob 86* AmerTob pfd. .110* Chicago Gas 102* Con Gas ..189k Com* able C 0.... 170 Col F & I 1«* Col F& I pfd. 80 Gen Electric 37* Illinois Steel 30* Laclede Gas ... 32 Lead Trust 34* do pref 102* Nat Lin Oil 15 Ore Improvem’t. Pacific Mail 31* Pullman Palace. .169* Silver Cert 58k Stand R&T 8* Sugar Refinery.. 144* do pref .... ..114* Tenn C & I 27* U 8 Leather 8* do pref 63* U 8 Rubber 14* do pref 68 Western Union . ■ 87* Nothwestera ....118* do pref 162* BOND QUOTATIONS. M T K 2d 4’s 62 MU 6s 107 N J C gen s’s —ll3 k Northern lsts 118 N P 2nds 57* N P 4’s 90 Northwest c0n...144k N’west S F <Lf 6’sllß* Oregon Nav Ist. .1)1* Oregon Nav 45... 88k R G West lsts.... 78* St Paul con 7’s ...137* St P, C&P W5’8.116 StL & L M gen s’B 83* StL & S F gen 6’5.11:4* Southern s’s 91* Tex Pac lsts 94* Tex Pac 2nds 30 U P lsts of ’96.... 101* West Shore 4’s ... 109 Pacific 6’s ’9B 102 Pacific 6’s ’99 105 S C 4*’s - Va 3’s 75* C&O, 4’s 110* M & O 4’s 72 B&O SW con 4*’s 57* B&OSWinseA.. 20 B&O SW in se 8.. 11 R & D s’s 99 R& D6’s 122 NJ C,con reg ...111* C&N P, ss, tr... 44 N & W, gen 6’s—l23* P & R. g m, 6’5... 83* IT 8 2’s reg 97 U S 4’s reg ...ill* U 8 4’s coup 112* IJ S 4’b new reg.. .125* U 8 4’s coup 126* U Bfi’s new reg... 113* U 8 s’s coup 113* Pacific6’Bof ’95.. 102 Ala., class A K 6 Ala., class B 105 Ala., class C 98 Ala. currency.... 98 La. new con. 4’s.. 96 Missouri 6’s ICO N C 6’s 126 N C 4’s 102 SC non-fund * Tenn new set3’s. «3 Tenn new 8et6’8.105 Tenn newset6’s. Tenn old 6’s 60 Va centuries 64* Va deferred 4 Atchison 4’s 87* Atchison 2d A.... 55* Can So 2ds 108* C P lets of ’95 101* Den & R G 4’5.... 88* Den SHG 7’s —llo* Erie 2ds 68* G H & SAB’s IC5* G H & S A 7’s 106* H & T cent. 6’5...108 H & T cent. 106 L & N Uni.4’s.... 83* M T K Ist 4’5.... 86* LOCAL STOCK MARKET. 3id Asked North Carolina 6’s —... 128 129 North Carolina 4’s 103* 104 WNCRR6’s 11l 112 N C R R stock j 22 123 Raleigh & Gaston B’s 101 101* Raleigh & Gaston HR Seaboard Air Line R R City of Raleigh 6’s 1907 106* 107* N <5 Ag Society 6’s 40 Citizens National Bank 121 124 Commercial and Farmers Bank. 120 123 National Bank of Raleigh 116 117 Raleigh Savings Bank 130 135 Raleigh Cotton Mills 80 81 Caraleigh Cotton Mills . 60 61 Caraleigh Phosphate Works 105 Iyd N C Car Co 90 96 The Mills Mfg Co The Mills Mfg Co Dfd GRAIN AND PRODUCE. Chicago, Aug. 3. —Wheat hesitated for half an hour after opening this morn ing, and then under the incentive of im mense foreign buying of the cash article, began a steady climb, closing 1% higher. Corn gained %to %; oats %to %. Pro visions were animated and gained 12% to 25 cents, the latter in pork. Chicago, August 3. WHEAT. Opening. Closing. September 76 77 December (new) 77* 78* CORN. August 28 28* September 28* 28* December. .... 30 30* OATS. September 17* is May 21 21* MESS PORK, Per Bbl. September $7 90 805 LARD. Per 100 Lbs. September $4 32* 4 37* October «4 35 4 42* SHORT RIBS, Per 100 Lbs. September 14 76 480 October $4 75 4 82* Cash quotations were as follows: Flour strong. Wheat, No. 2 spring 76*a78*t No. 3 spring 73a 5; No. 2 red, tew, 78*. Corn, No. 2, 28ka28*. Oats, No. 2, 17*; No. 2 white fob 17*; No. 3 white fob 19a21. Rye. No. 2, 42*. Barley, No. 2—; No. 3f o b 28®31; No. 4f o b 26. Flax seed. No. 1, 89*a90. Prime Timothy seed $2.75. Mess pork per bbi, $8 00a8.05 Lard, per 100 lbs $4.32*a4 35. Short rib sides (loose) skas*. Dry-salted shoulders (boxed) 4*as. Short clear sides (boxed) 4*05. Whiskey, distillers’ finished goods per gal lon $1.19. BALTIMORE. Baltimoke, August 3.—Flour opened firm; western superfine $2.60a2.85; do. extra sii.ooa 3.70; do. family $4.00@4.25; winter wheat pat ents 94.35a4.60; spring do. $4.50@4 65; spring wheat straights $4.2504.35. Wheat strong and higher; No. 2 red spot 85*a85*; August —; September 84*a84*: steamer No. 2 red 82*a82k : Southern wheat by sample, 80a?fl*: do. on grade Siaßß. Corn strong and higher; spot 33*; August September 32*a»3; steamer mixed 80*a 30*; Southern white 31a35; do. yellow 35a36. Oats firm; No. 2 wnite western 26@27: No 2 mixed - . Rye strong and higher; J o. 2. near-by 46; No 2 western—. Hay tirm; choice Timothy $13.50a14.00. NEW YORK. New York, August Flour strong and higher; city mills patents s4.6oa@4.sa; do. clear $4.75@ 4.90; Minnesota patents $4.45a 4.75; Minnesota bakers $3 60a3.75; winter pat ents $4.35a4.70; do. straights $4 10u4.25; do. winter extras $3.2503.50; winter low grades $2 95a3 30 Rye flour strong; superfine $2.30a2 50; fancy Corn meal fl»tn; yellow western 61; city 62a63: Brandywine 91.70ai.85. Rye firm: No. 2 western 45*; car lots 40* a42. Barley quiet; western feeding 29; malting —; barley malt dull; western 43054. Wheat, spot stronger: No. 2 red afloat; No 1 northern New York alloat; No. 2 Duluth afloat; options. No. 2 ted August closed Bi*: September 82*a84*, closed 81*; October 83*a84*. closed 84*; December —. Corn, spot, stronger; No. 2, 84 in elevator; Gptions, August closed 32*; September ;.<3*a 84 1-16. closed 84; October closed 34*; Decem ber 35* a3s*, closed 35 1-2. oats, spot, strong; No. 2,22: options, August cto«ed —: September closed 22; Decembet close 24*. Hay firm, shipping 45a50; good to choice “&«p« Q uiet s State common to choice 1896 crop flat, 1896 crop 6@9, Pacific coast, 1897 crop 3a4:1896 crop, 6alU. London, 55a85 Hides irregular:Galveßton,auaz6lbs I4kals*; Buenos Ayres dry, 20a24 lbs, 18*al9; Texas dry, 24a30 lbs, Ual2*: California, 2<)a25 lbs, 17. Leather steady; Hemlock sole Buenos Ayi et light to heavy weights, lsal9; acid, 19022. Wool steady: domestic fleece. 18a35; pulled No. 2 to extra 25a38; Texas 10al5. Beef firm; family *8.60a9.5U; extra mess S7.SWiB: beef hams *26.50a27; packed $8a9.00; city extra India mess $12.00@ 14.00. Gut meats steady; pickled bellies 6ka7; do. pickled shoulders s*ask; do. hamsß*a) Lard firmer; western steamed closed at $4.6: city —; September closed —, nominal; retinec stronger: continent $4 80; South Americant.lßl compound 4a4k. Pont active anl firm; new mess $9.(0a9.50: Short clear ti 7560.(0: family $9.5 lain 50 nutter quiet: western creamery 11015; do. factory 7ao*; Klgins 15; imitit 00 cream ary 4*a2; State dairy 10at4: do. c-eamerv 11*15. Che3se steady State large white 7*: fancy large colored *; small white western : part s&ioict4asi; small colored 8; full skims 2*a3. Eggs quiet; Itat.e and Pennsylvania 13* a 1 14: western rest 12*a13. Potatoes etealy: Jersey and Long Island $1 Bi*®2 00: swiets, $2e0a3.00. Tallow str nqr; city ($2 per package) 3*.! country (iiackajes freei 3*, as to quality Petroleum dill; United closed —; refined; New York $5.7); Philadelphia and Baltimore $5. ,0: do. inlulks3.2o. ! Rosin stetdy; strained, common to good $1.73 l-2ai.80 Turpentine qiiet at 28*@28*. Rice flrtr; eomestic, tair to extra 4*o 6k. Japan 4*@t*. Molasses gtroag; New Orleans, open kettle good to ohoce, *3a3o. Freights to Liverpool quiet and s eady; ■ cotton by steam 12c; grain do 3ka3*. Pig ironjuiit: southern Scotch $9 6<a 10. OJ; nottmru American $lO 50al2.00; ex change —. Copper cjsy; lake brokers’ 11*: exchange 110.86a11.15 Tin easier, straights $13.7aa13 86, plates quiet. spelter, qiiet: domestic $4 25a4 35 Lead easy; brokers $3.60; exchange $3 80@ 3.85. Tomatoes as to quality, per crate or box, 25a75. Cabbages,Long Island and Jersey, per 100. $2.00a3.0u. Cottonseed oil firm, stronger: prime crude nominal; 40. mills 17: prime summer yellow 25026: off summer yellov 25a25*: butter graces 30a)2: prune summer while 28a 29, prime w ater yellow 33. 1 offee—Options, September $6.85; Decem ber 86.95a7.G1: March $1 16; spot Rio, dull; no. 7 invoice 74; do. jobbing 7*; Cordova 10*a 16*. Sugar, raw firm- fair refining 3k; cen trifugal, 94-test, 3*: refined firm: Mould A, sk, standard A, 4*; confectioners’ A, 4*; cut loaf s*. crushed s*. powdered 6k ; gran ulated 5; cubes sk. NAVAL STORES. Wilmington. N. C.. August 3 —Spirits turpentine dull at 25*a26; receipts 172 casus. uosm dull; strained $l2O good strained $1.25: receipts 315 barrels. Crude turpentine firm: hard $1.30; soft $1.80; virgin $1.90, receipts 24 barrels. Tar steady at $1.15, rece.pts 172 barrels. Ohaklkhton 8. C.. Aus ust 3.—Turpen ine firm at 25*: sales casks Rosin firm; sales —; A, B, C, $1.20; D, $1.20; E, 1.20; F. $1.2). G, $1.30, H, $1.45. 1, $1.50, K. $1.55, M, $1 60, N, $1.75, window glass $1.90, wa ter white $2 20. Savannah. Ga., Aug 3.—Spirits turpen tine dull at 26, sales 199 ctsks; receipts 2,062; sales rqsde after close at 26*. Rosin firm, sale< 2,889; receipts 5,204; K. B. C. $120; 1). 11.20; E. *1.25 F, $1.30; G. *1.35; H. $1.50, l, $1.50; K. $151; 8. $1.60. N, $1.85; win dow glass $2 05: water wlite 82.10 J. M. PACE, —Dealer la— Mules and Horses, Buggies and Wagons, I have on hand a goed lot of Buggies and Wagons, and wiL make prices to suit the times. J. M. PACE. 111 East Martin street, Raleigh, N. C FINANCIAL. D4NIEL O DELL. W S. HALLIBURTON 0. O'DELL & CO., BANKERS AND BROKERS. Member* N. Y. Stock and €otton Ei change*. TOCKS, BONDS. COTTON AND GRAIN. 80 Broadway and 3 New Street, New York. Private wire* to Chicago. Correspondence *oiicited. E. B. Cuthbert & Co., Bankers and Brokers, 10 Broad Street - New York BRANCH OFFICES; 405 Wilmington Street Raleigh, N, C 123 Parrlth Street - - . Durham, N. C 112 Tarboto Street. - - Wilson, N. C 61 Hay Street, - • . Fayetteville, N. C 37 Wade Street. • - - Wadesboro. N. C 10 East Trade Street, - . Charlotte, N. C Cotton. Stocks, Grain and Provisions •sought and sold for cash or on margin Commission. Orders to buy or sell Securities listed on the New l'ork Stock Exchange ex ecuted for % per cent. Orders in Grain, to buy or eell, ex ecuted for 1-16 per cent. Orders in Cotton, to buy or sell, ex ecuted for 5 cents per bale. Orders in Pork, to buy or sell, execut ed for 2f/£ cents per barrel. Orders in Lard, to buy or sell, execut ed for 2f4 cents per tierce. Orders in Ribs, to buy or sell, execut ed for 1% cents per 100 pounds. Accounts carried on most favorable terms; information cheerfully furnish ed; Investment securities a specialty; Highest prices paid for Foreign Ex change; Travellers’ Letter of Credit fur nished customers at cost. Members of the New York Stock Ex change; Private wires to principal points; correspondence solicited. THOMAS BRANCH & CO., Bankers and Brokers. Established IS3B. WILL GO ON YOUR BOND. American Bonding and Trust Co , Baltimore, Md.. R. B. RANEY, General Agent, Raleigh, N. 0. TcIcFTc I r P l r l r FIcFT < T r 'FT ( Ti~ I r TTcFFTiTr y WILL GO OX | YOUR BOND. I ..THE, p AMERICAN BONDING & TRUST CO. | OF BALTIMORE. F t Resources Oyer One Million Dollars. £ Business Confined to surety Bonds. f t Accepted as sole surety by the U. S. Gov., r and Stats and Counties of N. C. r Solicits the Bonds of Bank. Corporation and R R. Officers, £ County, City and Fed a Cotton and Tobacco L £ De,-=. Collectors, Gaug>. 1., £ Insurance and Fertilizer Agents. £ Postmasters, Letter Carriers, Etc., £ Salesmen, Clerks and Book-Keepers, £ Administrators, Executors, Etc., £ Guardiansf Receivers and Assignees. a Contractors and Builders, £ Tobacco and Cigar Manufacturers, £ Distillers. Importers, Etc., £ And all persons occupying positions of trust 5 or responsibility. £1 AGENTS WANTED THROUGHOUT THE STATE, g F Reasonable Rates. APPLY TO 5 R. B» RANEY, GEN’L AGENT, £ RALEIGH, N. C. $ NOTICE OF ELECTION. Under and by virtue of a resolution | of the Board of Aldermen of the City of Raleigh, passed July loth, 181)7, in pursuance of the authority given in Chapter 12D, Private Laws of 1893, enti tled “An Act to authorize the City of Raleigh to issue bonds for public im provements, and to levy a special tax,’ notice is hereby given that a special elec tion will la? held at the various polling places in the wards of said city on the 7th day of September, 1897, for the pur pose of obtaining the consent of a ma jority of the qualified voters of said city to the issuance of the bonds provided ! for in Sections 1 and 5 of said Act, as follows: Section 1. That for the purpose of paving, macadamizing and otherwise improving such of the public streets of the City of Raleigh as the Board of Aldermen of said city may determine to improve, and for making such other pub lic improvements as the said board of aldermen may determine to make, the city of Raleigh is hereby authorized and empowered to issue its bonds to an a mount not exceeding fifty thousand dol lars, of such denominations and in such proportions as the Board of Aldermen may deem advisable,bearing interest from the date thereof at a rate not exceeding five per centum per annum, with in terest coupons attached, payable half yearly, at such times and at such place or places as may be deemed advisable by said Board of Aldermen; said bonds to boos such form and tenor and trans ferable in such way, and the principal ] thereof payable or redeemable at such ‘ time or times, not exceeding thirty years : from the date thereof, and at such place j or places as the Board of Aldermen may | determine. Sec. 5. That for the purpose of provid j ing for the payment of the interest ac cruing on and the principal at maturity of the bonds issued under authority o-f this act the Board of Aldermen of said city shall annually, and at the time of S levying other city taxes, levy and lay | a particular tax on all persons and sub | jects of taxation on which the said ! Board of Aldermen now are or may ; hereafter be authorized to lay anil levy ! taxes for any purpose whatsoever, said j particular tax •to lie not less than six j or more than eight cents on the one hun jdred dollars assessed valuation on prop erty, and not less than eighteen nor I more than twenty-four cents on each | taxable poll. The taxes provided for in i this section shall lie collected, and shall I be accounted for and kept separate from i other city taxes, and shall he applied | exclusively to the purposes for which j they are collected. So much of said | taxes as may he required to pay the | interest on the bonds issued by authori ! ty of this act. as it falls due, and can not he applied to the purchase or dis charge of the bonds for which said tuxes are levied and collected, shall be invest ed so as to secure the payment at ma turity of the principal of the said bonds; and to insure the due investment of the | amounts collected from year to year in ! excess of that required to pay the said ! interest the Board of Aldermen shall I cause the said excess to be turned over I to the commissioner of the sinking fund j of the city of Raleigh, whose duty it shall he, tinder such general rules and j regulations as said Board of Aldermen i shall from time to time prescribe, to 'make investments of so much of the tax ; es collected and turned over to him as I aforesaid to the payment of the principal of said bonds issued under this act, and | to do or perform all such other services jin connection with said bonds as said Board of Aldermen may prescribe, and ! such commissioner shall give bond and j receive such compensation for his said services as said Board of Aldermen may determine. ” Those qualified voters approving the issue of tlie bonds and the levy and collec tion of the particular taxes as above pro vided for shall deposit in the ballot box a slip containing the printed or written word, “Approved”; and those disapprov ing the same shall deposit a like slip with the printed or written word “Disapprov ed.” That for the purpose of holding said election, a new registration has been duly ordered, to be held at the usual voting-places in said city at the times, and in the manner and between the hours as provided for in the general elec tion law, beginning Saturday, July 31st, 1897. WM. M. RUSS, Mayor. H. F SMITH. City Clerk. House and Lot for Sale. Eight room house on an acre "ot, with garden, flower yard, fruit trees, good barn, and bricked and cemented cisrern and will on lot. Kirtly’s Domestic Water works, and bath room with both hot and cold water; Peck & Sneed’s hot air furnace in addition to grates; elec trie bell system and screens in house; located near A and M. College; conve nient to street car. Farm of 52 1-2 acres, owned formerly by Ed. Lee, joins Tucker’s farm on east; good barn and farm equipments and mules; land has been highly improved. Apply to owner, PROF. B. iRBY, Weat Raleigh, N. O OPffl IMS C" red*at lß boiii'?wu2 g b| sews out pain. Hook of pd n # Klf ■ ticulars sent 16l$fcJ3 19*329B.'&SfcR&U H.M. WOOLLEY.tt.iI *tl«nuu iim. Office 104*WhitehallBi SONEY TO LOAN >3 Jt'gnt Hears Time, secured oy Mortgage •>. Kcdl (estate. Monthly payment, savings uveslo.ent stock for sale, also FULL PAID COUPON STOCK, with semi-annual cash divl lends. Loans made promptly in any part of he State. Agents wanted. Address, Mechanics and Investors Union 22P alien Building. Raleigh, N AN ELEGANT SUMMER RESI DENCE FOR SALE. Desiring to move to the city I offer for sale my place near Raleigh. It contain* about one hundred and sixty acres, on which is a small one story dwelling house of six rooms, carriage house, barns, stables, etc., an elegant new two story dw’elliug house of ten rooms, with | water-closets and other modern improve ments. This is the prettiest place in Wake county. Delightful in summer, comfortable in winter and within three miles of the Capitol over a macadamized road. Terms easy.. Title perfect. SPIER WHITAKER. Under a mortgage made the Bth day of July, 1891, by Spier Whitaker and his wife to R. S. Pullen, we will on the j 13th day of October, 1897, at the court house door, at public auction for cash, sell a tract of land situated in the county of Wake, in Swift Creek township, near the city of Raleigh, and accurately de scribed as follows: Beginning at a stake on the east side of Fayetteville road abount three miles from Raleigh, being the northeast corner of the tract of land, and formerly owned by It. C. Badger; running thence with the line of said tract N. 83% degrees W. 225 poles to a steak in the line of a tract o£ land formerly owned by N. J. Whitaker, now deceased, which stake is 42% poles north of said Whitakers southwest corner, a postoak, thence N. 4% E. 108% poles to a stake, thence with G. H. Snow’s and Bledsoe’* line S. 83% E. 238 to Fayette ville road, thence along same S. 10% de grees W. 114 poles to the beginning, j containing 159% acres more or less. JOHN T. PULLEN, J. S. WYNNE. CHAS. H. BELVIN, Executors R. S. PULLEN, Deceased. VALUABLE LANDS FOR SALE. On Monday, October 4th, 1897, at the Court House door in Raleigh, N. C., I j will sell at public outcry those Jracts of land in Wake County, about two miles | southward of Raleigh on the Holleman Road and adjoining the lands of W. B. ! Wilder, Mrs. Roe Ella Holleman, the North Carolina Railroad Company and | thers and described in the deed of trust hereinafter mentioned, as follows; “First, a tract of (305) three hundred an.- five acres, more or less, lying on the Holleman Road about 2% miles South f Raleigh, adjoining the lands of W. 11. lolleman, M. A. Bledsoe and others and J known as the Nixon tract, formerly owned by George T. Cooke; it being the land conveyed to said George T. Cooke by E. A. Nixon and others by deed re corded in Book No. 31 at page 100 of the Register of Deeds’ office of Wake County, reference to which deed as re corded is hereby made for a more par -1 ticular and detailed description of said » land. “Second, a tract of land in said County 1 and State, containing one hundred and hirteen nacres (113), more or less,known as the O’Rourke tract, formerly owned by said George T. Cooke, it being the land conveyed to said George T. Cooke by Martha E. Stronach and her husband b - deed recorded in Book No. 39 at page 281 of the Register of Deeds’ office ;of Wake County, reference to which deed ns recorded and t > the deed from Batchelor and Battle, Commissioners, to said Martha E. Stronach, for said land, • recorded in Book No. 38 at page 12 of 1 said Register’s office is hereby made for 1 a more particular and detailed descrip ■ tion of said land. Both of said tracts of 1 land were conveyed to said Martha E. • Stronach by Mary V. D. Cooke, Commis j ioner, by deed bearing even date here- I with.” 1 Excepting, nevertheless, thnt part of he aforesaid lands was conveyed , to W. B. Wilder, Esq., by said Martha 1 E. Stronach by deed registered in Book No. 120 at pages 441 and 442 of said , Register’s office of Wake County; the part conveyed to said W. B. Wilder by aid deed contains 145 acres, leaving 273 acres which will he sold at the time and place above stated. Said lands will be sold in parcels. Sale made by virtue of powers con ferred upon me by a deed of trust regis tered it Book No. 107 at page 598 of the Register of Deeds' office of Wake County. Terms of sale Cash. Hour of sale 12 m. Crops on the land not sold. S. F. MORDECAI. Trustee. VALUABLE CITY PROPERTY FOR SALE. On Monday, September 6th, 1897, at the court house door in Raleigh, N. C., I will sell at public outcry that valuable real estate in the city of Raleigh, owned by Ashley Horne, Esq., Charles H. Bel vin, Esq., and the estate of the late Win. G. Upchurch, known as “The Morgan Street Warehouse.” Said property lies on the South side of Morgan street and is bounded as follows: Begins at the Northwest corner of the late N. S. Harp’s lot in the South line of Morgan street; runs thence westward along said street 100 feet; thence southward 60 feet; thence eastward 30 feet; thence south ward 150 feet; thence eastward 70 feet; thence northward to the beginning. It being the property conveyed to W. G. Upchurch and Chas. H. Belvin as ten ants in common by deed in book No. 110, at page 633 of the register’* office of Wake county and In which a one third share was conveyed to Ashley Horne, Esq., by deed in said book No. 110, at page 634. On the lot is a large brick cotton stor age warehouse well suited, equipped and located for the cotton storage business. The sale is made for partition under consent judgment of Wake Superior court in the special proceeding, entitled O. H. Belvin, A. Horne and W. G. Up church executors, ex parte. S. P. D. No. 802. Terms of sale: One third cash, residue in two equal installments, payable one and two years after date of sale with 6 per cent interest. Title reserved until purchase money paid. Hour of sale 12 m. S. F. MORDECAI, Commissioner. July 31, 1887. tds-8-1. 7