Newspapers / The News & Observer … / June 26, 1909, edition 1 / Page 7
Part of The News & Observer (Raleigh, N.C.) / About this page
This page has errors
The date, title, or page description is wrong
This page has harmful content
This page contains sensitive or offensive material
: '! -I" THE NEW S AND OBSEBVER SATURDAY, JTJNE 20, 1909 COTTflC BHKET OH t IE UP GRADE i i i r fvj iri & 1 1 d n -'. Llado Not Advance 13 to 4.1 COST! COST! COST! M6 Points am m mm Reports Mre Received Indicating De terioration, for the Month for the i Crops & I Georgia and - Alabama, ' Particularly n the Latter State. ' t A : .,i New Yofk, June 25. While some what nervctu and Irregular the cotton market was generally higher today, with the clpfce firm at a net advance of 13' to 18 pblnt.' The opening was steady at unchanged prices to an ad vance of SCpblnts and during the first few minutts the market sold 6 to 8 points net higher on Xull support and coverlnr diic fo better cables than expected, and (very bullish condition reports Indicating deterioration for the month; for the crops of Georgia and -Alabaftia. particularly severe in the latter State, . At first the bullish crop news, being mod if fed to some extent by a favora ble weather map, did not seem to stimulate njwchj buying for long ac counts for dverjthe week end and dur ing the middle! of the day prices sagged., offjto . practically the closing figures of last might, under scattering liquidation j There Was. however, no sign of beat fprssure and In the af ternoon a buying movement was start ed by reports of higher spot markets, very bullish' gossip concerning the po sition of Jitry contracts In New Or leans, and ! private wires complaining of. further j'J-aln In (the central belt. The advance' started by this demand attracted more general buying and the market during the last hour was very .active and lifmj selling within a point or two of tn higher records made on last Wednesday. The close was at practically .s the Ibest. Southern spot markets officially reported early were unchanged f ti 1-1 6cs higher. Receipts at the ports today, 5.067 bales against 3,749 last week and 4. 830 last. year. 1 Forfhe week. 30.000 bales agalhst 33.540 last week and 43,423 last yea f. -Today's receipts at New Orleans. 1232 bales against 1. .208 last year.-. K. . w . Spot closed quietj 10 points higher; middling uplands 11.7)); middling gulf ll.fj: sales ;41Vbalei 1 Futures opened steady and closed firm, .a . ? f j J . ; Open. High. 111.25 112$ 11123 v 4 1128 .113 WAX That's what counts In life Insurance. Policies differ in little else. Union Central policies cost less than any others. Write for facts and compara tive figures. UNION CENTRAL LIFE INSURANCE CO. The Great Annual Dividend Payer." Carey J. Hunter & Bro. Stat Agents ' RALEIGH, NORTH CAROLINA. trials were a center of depression in the market. The speculative contest was waged insistently In Reading and the erratic fluctuations in that stock ept the whole market unsettled. A decline of a point and a period of averina fluctuations were followed by a brisk advance, which placed It more than two points above last tent's prices. The publication of the preliminary estimates of the reek's currency movement was an ln uence In lifting prices of stocks. A few specialties showed isolated strength due to particular causes. The price movement was confused to the tnu. . l'.onds were steady. t Total sales, oar value. l5.5Sft.onft U. S. 4's registered declined 1-4 and the coupon 1-2 per cent on call. lotal sales of stocks today were 94.700 shares, lncludlnar Kuo-nr inn Tobacco 200; Chesapeake and Ohio i.ivu; inter borough Metropolitan 62.S00; Heading. 123-.600: South Pacific 45.100; Southern Rallwav preierrea zoo: union Paring 85.500: United States Steel 87.200: irginia-carouna Chemical 4.600 STOCKS. June July Aug. Sept. . .'11.08 V 11-14 . VU.17 ' Oct. . . ' -illlia Nov.. v .1.,... Low. 11.30 11.08 11.13 1116 11.17 Close. Dec Jan. .' March . . .rtl.23 4H.1 . m.ii -1.24 11.22 1.27 11.30 11.30 11.32 11.35 11.32 11.35 11.38 11.28 11,21 11.33 11.18 XX'.lt 11.20 11J0 11.22 New,Orsani La.. June 25. Snot i-io nig nes-j and rirm. Middling 11 6-18; sales :werfe 975 bales on the spot wiu 49v io; arrive. ,y. Futures, opened steady 1 to 5 points up on meacuvp months as a result of , me ouurcn-aavices irom.aDroaa. There was, a mucn steadier tone to the mar- Ket than yesterday. ( An tenders on July contracts! were a red for and leading bulla la the local market not only received the notices but bid for additional i ;larger blocks at prices nigner - that at; the close yesterday. Bullish crop , reports from Alabama lnt nnrrld o fan mtr-A tn aflM(.ilaA O www mrmm VlllllUiaiV the market 'and glvelt a tendency to wk nigner; leyeta. Many points re ported that long continued rains have prevented cultivation and the plant Is small.. At thej clqse which was firm, the active months were 19 to 22 points aoove tne ;cxos -yesterday. Futures closd ftrtn. Closing bid: junr it.tu, juiy ii.fi; August 11.53; September i 1.50; October 11.37; No vember 11.57; ecember 11.38; Janu ary 1 1. j Marcn-1147. i tTerpool cixton. Livernoofe Jiin i&U-T'tKTr nnt ton. spot. Small business done; prices pomis tower Amn.mJd. rair. 8.80 good mid.,! 8.24; midAs.OS: low mid. 5.88; good, "ordinary. i 5.82; ordinary 6.27. Sales? of the day were 8.000 bales, of whlchj 500 were for specula tion and poj-t and) Included 3,500 American. H. A ( Future opened eay and closed quiet. June. 5.93; June-July. 6.93 July-Aug.. 5.95i; Augep.; 5.92 1-2 Sep.-Oct.. 6:901 Octtfov., 5.88 1-2; Nov.-Dec.. 5i87i Dec-Jan.. 6.83; Jan. Feb., 6.8S; -Febl-Mar.. 6.88 1-2; Mar. Apt. 5.89; ?Apl . 5.89 1-2; May-June 5.89 1-2. ri ul RALEIGH SPOT7 COTTON. Yesterday Vece Quotations: Good middling Strict middling Middling vi.: Off grades. . . . pts. r .9 Same D J Last Year. .. .2 bales . .11 7-8c . .11 3-4c .11 5-8c 1-2 to 11c Receipts J ..... .i 30 bales Quotations: Good middling Strict middling Middling??!'... un araaes; i. . i -j. Other Cottoo Markeu. .12C .11 7 .11 3 9 to lie 8c 4c Port Mot smlnti OatvsaioaM. Naworiaana. MoM)a m.iAi eavaaaaaM. Cbarleston.M. WlimlnitoB. Woratk.MM..ii baibmore......,- Nsw Voffc.-- fiOSUMI in n ... ansaooia. ntfrtor Movasa Houston -uri i Angasta........ Uamphla. mmw. flfctipqls i ' ClaelnnattM.. LoalsvUla Llttls Book j Ton MM'llnc Itooslpts steady 11 quiet 11 IS-18 nrm viimi Don mI.. ........ qalst ;f nrm i t nom jllM quiet f lira Vii7a steady a lit. . V i I It 718 1!S If inlet steady quiet nrm quiet 818 X332 489 788 238 883 294 SSI 28 SI 128 and Botds. ' Storks New York.? June 25 The action of the fctock market, today was not ilium inatlna in showing the state of finan cal sentiment. . The ' constant back ing and filling of prices indicated lack of conviction! and hesitation about 1 urruing a price! movement In either direction. ' ' There . were , periods of weakness alternating with periods of strength and; neither was a response to nv . known news. : The reaction ry movement of the onion Pacific nocks rather credited v tha rumors that had been used to push the pre ferred stock suddenly to (110 and the publication of tM plans of the South : rn ' Pactnc - Company for managing ' and organizing .its Mexican: property ; aroused a' suspicion that this might be the matter that had tgiven rls'a to all the surmise ot iinanciai plan. . a coming Karrlman Tha 1 copper Indus Capital City and Raleigh Phones 83. AllisCbal pftU. 82 Am.coppsrM... tm Am. AfT 43ft Am. tBeeV sugar 48 Am. Can pfd 84 Am.Caiar 8844 AnuOotSeadOO. 74ft Aia.UldeAIi.pr. 4S Amerleanloa S9ft Am.LlnseddOtL. 17 Am. LooomoUvs SSU AmJSBet. 99)8 do. pre! v.l4 amucar Ref 1 24 - Am. TelATel-lfS A.m.Tob.p'd.e.-.ltSft Am. Woolen; SS'4 Anatfn.Mtn.OOM 4844 Atnnlnsoa 1158 dapretl. .ltift A. ai. 158 B. 40. 117 dapreL-M......... 98 Beth. Stel X Brook.Rap.Tnu. 7f U CanadIanFaa..182M Cen.Leataar 8l!4 da pref. 1 8 4 GenfN.J.....388 Chss.AOalo. 77 ChL Alton 87 CM Western. CaicaxoAN. W.183 CbJLM.ASt.P. 1828 C CCMILM.P. 78 OoLFuel&lron 438 OoLSonthera. S6H dalstpret. 81 ' daid.preC.. . go4 OonsoL Oss. 1 89ft OoraPro. xs DeLAUudaocu..n192ft Den.ARloGraM 4sj dapraf, . 8Sft OtstnieCsSas S94 aCrtnisM iiiMiiwin S4tS do,ntpret...... S2ft daSd. prst.. ATA (Jen. Else Ma 181ft GUNor. Or. pfd.lf GtNor. orsetf. 784 111. On, .148U IntMstropoUr. ITU dapref ga InVUsxretter.. Si IntUaxlns pfd 24 la t Paper. IatPnapN.wm 3914 Iowa Central., Kan.aso. dapref.. raM--,-, , - 29ft 48 - 71 .if Ik Mlnn.ASt.8- sa MLStP AS.8.Mm188U MissourlPae.. 78 M.KaxuATex-. 41V4 do.pref....MM... 72 Nat Blcu1t.186 NatlonalLead 88 U NatyaMexIst 88ft N.Y.CantraUMM.1222i N.V.OritAWest- 82ft N.W.- 89ft N.Amerioan.. 82ft Nor. Pae if PaclflcMall S4 Jenn MM,.ll8ft PeopIa,sOaaM. 118ft P.G.C.ALfcLfc- 11 Pr ess. Steel Car . 42t4 PulLPalaeCarl87 RaU Steel Bpr 88)8 Reading... ...184 9s RepubUeStaaL 89 6otrrU .88414 RoeklsIaadOo.' S1'4 : daprsf-......, 78ft StL.ASanPtaa- elaoo3d.preC 42ft iS.IA8o. WssLm.! S798 do. prat . 48ft Sloaa-gfcsffBM SIV4 So. Pae .isou ' dapref. 137 SoathernRj... 281 daprf f 9M Tenn.Oop. S7M TJtLAW,, , 47 dapraf, ... i 87 UalonPactflo.,... 1 9298 dapraf , , 193ft UJS.Raalty-... ii UJLRubbarMM. . 88 UJS. Steal.. ft dapraCMM.t2S LtahCop 48M Va.Ca.Chem.Oo gg Wabash- ;i dapref- West Md 13)4 WesU'houseia. 84 west. union ,..-. 7284 wUAksErlflu. it DArstSs rc 111ft daraLXs.ooupitft U.S.S reg. . .101 ft daSa.eoup.-19114 a0.4s.rec -.itsu da 4s.eoup 129 AlllsChal litfs 88 Aner Agrl, gs -191K AmTal-Tal ev8-.18444 Am.T0b.4s... 84 dags,.. in Atch.gan.4s lSl4 8ht.Ln.Ht4a,.- 84)4 daCv4s -.118ft daCrSs -.118 , A. CL.4S.I,. 68V4 B. A0.4S-..- .188ft dosfts ........... 94 BdOB.W.SftS.. 98 B.T CT.4....... 87- Can So 1st 8.. 18498 Cen.ofQa.a.. ut?i Cenlieatbr sa . tgft Cen.KRN.J.Kcn 127 GAOfti- i4 aAfta 78ft CB AQ.Jt4a, 98ft ChL Mil at P KenSfta, -. 84) aR.LAPae.4a-. 898 daool.se-. 92)4 da rid 4a 91ft aC.aAStL.f4s 77ft C0LIn.8a.ter.A 82 CoLMld.4a g CoLASoutn.4a.-. 99 OJt Hjt 4a 1 9 414 DelHistrfl . 192)8 DenARloQ.4e. - 97ft DistUlers go. 7831 Erie prior lien 4a, 99 ao.8eD.4s...-.-. 78 Erie ev4s ear A 84ft do 'B 78 Gen. Elso erfHTA mcan.lstrefs Wh IntbMa 4fts . 78 IntMercMaxlae ' WlsoonslnCan.-. 44 standardOU 887 BOSD8. 1 Japan 4s 87U JP 4ft BSM JPJidserL. 9th KanCSoistSs.- 7498 Lakeshore deb. 41911 fs UAN.un.4i . . .198ft Mo, Kan A Tex 1st 4s .-144 ao istref4 8898 docen4ft-. .. 94?8 Mo Pae, 4 8254 NYCenfengfts 92ft NYCendsb.4s-. 92 N.Y.Ct4ft,nw niJi N.Y.N. H.AHart ford ev4s... ..199 NAWlstcon4s 984 N.AW.cv 4...... 984 NorPacia U1U NorPac 8s - - 74ft Ore. 3. L. 4. 94ft Penn.ct8ft 9444 daOonas 184ft Reading Ken.4a.l89ft 8tLAF.4s. 8JM 8tL.A8W.oa4-. 79ft 8tSWlstgld.4 8498 8.A.U4S 8744 SoPseol4s , 99 daRRlref4 94ft So.Rwy.8s.,, us 8oRygsn4 82 UnlonPaa 4s. 183 daev.4. .11044 Union Pae 1st and ret; 4s.. 98ft U.Rub 4a.... 184 UJSJSteel2d4s.-.8Sft Wheat For Chicllens Send your orders for chicken feed to W. A. Myatt, corner of Martin and Blount streets. Large lot of new wheat and Creelman chicken feed Just received. . . W.. A. Clik-ago Grain. Chicago, June 25. Wheat prices ad vanced more than 2c. per bu. to-day owing to general demand based on a sharp bulge at Liverpool and on re ports of a big export business. At the close prices were 2 to 2 1-5 above yesterday's final figures. Cbrn. oats and provisions closed RESOURCES. Loans and discounts 1 Overdrafts unsecured . . , Furniture and fixtures . : Cash on hand and due from banks . w strong. Articles Opening. Lowest t Hoeing Wheat: July 1 UUZiVt tHU 118 Sept 1894ft 143 11844 Corn: July 9H1T 49ft 7tU Sept 8738 8798 S7& Oats July 84 48 898 Sep. 4Sui 4S 4344 Pork: July 2S.SS 18.94 20-18 Sept 1418 24.47ft 84.38 Lard: July 11.78 11.7 11.78 Sept 11.89 11. 77ft 11.84 Ribs: luly 19 47t 11.48 11. lift Sept 1142ft lS.97ft 11.42ft Now York ProvislonM. New York, June 25. Flour firm; rye flour steady; corn meal steady; rye dull; barley dull. Wheat strong; No. 2 red, old, 1.47 nominal ejevator. Options 2 3-8. to 2 l-2c. net higher. July 11.25; Sept., 1.17 3-4; Dec. 1.18 1-4. Corn firm; No. 2. old. 80 1-2 sales in elevator. Options 1-8 to 1-4 net higher. July 78 3-4; Sept.. 78 1-8; Pec. 68. Oats dull; mixed 60 nominal. Beef steady. Cut meats steady. Lard firm. Pork firm. Tallow steady. Rosin quiet. Turpentine firm. Rice firm. Molasses steady. Sugar raw, firm; fair refilnlng 3.42. Coffee, spot quiet. No. 7, Rio, 7 3-4; No. 4 Santos, 9 to 9 1-8; mild quiet. Cordova 9 1-2 to 12 1-2. Fu tures closed net unchanged to five points lower. Cotton seed oil was steady to a shade higher today owing to bad weather in the belt, belief that the July liquidation Is about over, light offerings and In sympathy with firm ness of associated markets. June 5.80 to 6.64; July 5.63 to 5.64; Sept. 6.00 to 6.01; October, 6.00 to 6.01. Prime crude 4.60 asked; prime sum mer yellow 5.60 to 5.64; prime white 6.00 to 6.20; prime winter yellow 6.90 to 6.30. Potatoes Irregular; Southern, per barrel. 1.50 to 1.75; Western. 1.60; Jersey sweets, per basket. 1.00 to 1.50 Cabages easy, 50c. to 1.25 per crate. Freights and peanuts unchanged. Butter steady, unchanged. Cheese steady, unchanged. Eggs Irregular; receipts 8.816. o . . Baltimore Grain. Baltimore, June 25. Wheat strong; new southern, by samp re. 102 to 103. - Corn, quiet; spot contract 78. Rye, quiet, unchanged. o New York Money. xvew xorn. June Z6. Money on asv 1 3-4 to 2 per cent; ruling rate, 1.3-4; closing bid, 1 3-4; offered at 1 3-4. Time loans dull and weak; 60 days, 2 1-4 to 2 1-2 per cent, and 90 days 2 1-2 to 2 3-4 per cent; six months. 3 1-4 to 3 1-2 per cent. Close: Prime mer. paper. 3 1-2 to 4 per cent. Sterling exchange, firm. 6.45. Commercial bills. 4.86 to 4.86 3-8. Bar silver, 52 1-4. Mexican dollars, 44. New York Dry Good. New York. June 25. The cotton goods market ruled very firm, ad vances having been made for the day In some lines of bleached cottons and a Jew In drills and sheetings. Cot on.arns have been purchased more '.' rally In small lots. The local wool market Is generally quiet owing to the scarcity of stocks. Some lines of clash III wools are being bought for men s wear purposes. The Job bers will open semi-annual clearance sales Monday morning. VaCarChemgs-. 98 Wabash lstsa -112U Wabash 1st ex4s 7796 WeatMld.4. 84 West El er 41- 94ft WkuCao. 4s........ ' 96!4 C.A0....H.K GB.4Q- D.AR. Ca NatRy Ma Naval Store. Charleston, S. C. June 25. Turp. quiet. 43 to 43 1-2. Rosin, quiet: A, B, C. 2.75 to 2.85 . Z.95 to 3.20; E. 3.40 to 3.60; F 3.85 to 3.90; G. 3.90 to 3.95; H. 4.05 to 4.10; I, 4.30; K, 4.85; M. 5.10; N, 5.40; W. O. 5.60; W. W, 5.65. Savannah. Ga., June 25. Turp. sieaay. 43 1-2 to 44. Sales. 160; re celpts. 965; shipments. 1.020. Rosin, firm; sales. 3.416; receipts, z.688; shipments, 1.832; stocks. 123.732. B, 2.65 to 2.70; D. 3.05 to 3.20; E. 3.50 to 3.55; F. 3.85 to 3.95 u. 3.85 to 4.00; H. 4.10: I. 4.20 to 4.30: K. 485 to 4.95: M. 5.05 to 5.15 N. 5.10 to 5.35: W, G. 5.15 to 5.60; W. W. 5.20 to 5.60. Wilmington. June 25. Spirits tur pentine steady 4 2 1-2; receipts 70 casks. Rosin steady 2.40; receipts 235 bar rels. Tar nrm 1.60; receipts one. Crude turpentine firm; 1.75. 2.75, 3.50; receipts 118 barrels. New Orleans. June 25. Receipts 265 barrels rosin; 22 barrels turpen tine. Exports for Havana. 50 barrels rosin; for New York 184 barrels rosin. o i . Liverpool, June 25. Following are the weekly cotton statistics: Sales, all kinds. 45.000 bales; total sales Amer ican. 40; English spinners' takings. 60.000; total export. 6.000. Imports, all kinds 31.000. Imports. American. 29.000. Stock, all kinds. 1.114.000. Stock American, 1.016.000. Quantity afloat, all kinds. 96.000. Quantity afloat. American. 63.000. Total sales on speculative. 800. Sales to export ers 900. o SUGAR AND IlICE REVIEW. New York. June - 23. Rice and sugar steady. The sugar situation has shown Mttle In the way of inter esting feature during the paat week and taken all in all is not very satis factory from the refiners' standpoint. The absence of demand Is. of course, only natural after the recent buying. The hot weather may clear awv the atmosphere of suspicion In refining circles, for an active consuming move ment will mean an advantage for all concerned. While present sell ng tac tics, brokers claim, have spoiled the summer campaign, there la yet time to mend matters. The refiners have raw sugar enough to carry them through July at least and for this rea son are refusing to climb after the remainder of the Cuban crop. Their policy seems to b to pick up dig. REPORT OF THE COJfDmON OF The ifeliaits Mil At Raleigh, In the Stat of North Carolina, at the close of business June 23rd, 1808. 257,852.85 450.19 40.000.00 225,220 04 Total ,$ 523,523.08 LIABILITIES. Capital stock ...$ 100,000.00 Undivided profits, less cur rent expenses and taxes paid .. .. 3.933.87 Deposits subject to check 419,589.21 Total 4 S 523.523.08 State of North Carolina, County of Wake, sa: I. W. B. Drake, Jr.. Cashier of the the above-named bank, do solemnly swear that the above statement Is true to the best of my knowledge and be lief., W. B. DRAKE. Jr.. Cashier. Subscribed and sworn to before me.this 25 day of June. 1809. S. J. HINSDALE. Correct Attest: Notary Public. J. G. BALL. JAS. R. ROGERS. ALEXANDER WEBB. C. B. AYCOCK. Directors. tressed lots at concessions, the seller in that case preferring not to incur the cost of storing and the loss in weight The. Cuban " figures show twenty-s'x centrals are grinding in a light way. the stock on tne island being 238,000 tons, part of which "wilt be kept for home consumption. The refiners must soon turn their attention to Javas to eke out the fall meltings, 400.000 tons being the estimated necessities, though European beets may be drawn upon In part - There is little to be said regarding the rice market that can be called new. the situation being much the same aa In preceding weeks. Gener ally speaking, trie dealers complain of dullness. The grocers are not in terested in the article beyond current wants and these of the lightest vol umetalk of attractive prices for Japans proving no stimulant. Hon duras rice Is not so plentiful as to cause any anxiety, the supply here being mamly Japans. Since the medium grades of Honduras are scarce the Imports of foreign rice are heavier than - last year and sell very cheap la spite of the duty. EQUITY 8AJ jE XOTI CE. In Equity 'No. SIS. In the Circuit Court of the United States for the Eastern District of North Carolina.; 8. Morgan. Smith Company, Complain ant, against Rockingham Power Company and Knickerbocker Trust Company. Defendants. r Knickerbocker Trust Company, Cross Complainant. Against Rockingham - Power Company, William IL Browne and W. A. Iceland, as. Receivers of uie Property of the t Rockingham Power Company, and R. Morgan Smith Company, Respondents. By virtue of a decree "of foreclosure and sale made In the above entitled suit dated and filed on the 8th day of May. 1909. 'by the Circuit Court of the United States for the Eastern Dis trict of North Carolina and an amend ment thereto, dated 18th, and filed on the 21st May, 1909, we. the un dersigned William II. Browne and W. A. Leland as Commissioners of the said court; appointed Ta'snch- under said decree, will offer 4ar sale In one parcel at 12 o'clock noon on the 14th day of July. 1909. at the main en trance of the court-house In the coun ty of Anson, at Wadesboro. North Carolina, the following described property as an entirety- free of en cumbranoe: j That Is to say, all of the property pi every description whatsoever, be longing to the said Rockingham Pow- ei Company at the date of the execu tion by it-of a deed of trust to the Knickerbocker Trust Company, dated on the 1st day of July, 1906, and made a part of the cross-bill in the above entitled suit and i registered In Book 46, Page 344. etc.. In the office of the Register of Deeds for Anson county and in Book 53, Pages 21. etc. In the office of the Register of Deds for Richmond county and in Book 62, Pages 1. etc.. In the office of Regis ter of Deeds for New Hanover coun ty. North Carolina; and also all prop erty of every description whatsoever acquired or claimed to have been ac quired by or for said Rockingham Power Company after the execution of said trust deed, which after acquired or claimed to have been acquired property is expressly included there in; said property Included in said mortgage and to be offered for sale consisting, among others, of all of the lands, water rights, water powers, ways, easements, rights of flowage and all other Interests In and to the following lands in the counties of Anson and Richmond, in the State of North Carolina, and lying on both sides of the Pee Dee River, which Is the dividing line of said counties, or on Its tributaries and extending to the middle of said river or tributa ries, the same having been conveyed by Hugh MacRae & Company to the Rockingham Contracting Company by deed dated July 6, 19Q6. registered in Book 41. page 333 in Register's office of Anson county. and Book XXX. page 381 In Register's of fice of Richmond county, and by deed of September 18. 1906. registered In Book 42, Page 351 In Register's of fice for Anson county, and In Book 53. Page 1 In Register's 'office for Richmond county, and by deed dated December 28. 1906. and registered in Book 42. Page 422 in Register's of fice for Anson county, the said lands snd rights being shown upon a cer tain map filed for registration In the offices of the Registers of Deeds of said counties, which said map Is en titled in said deed as "Map of lands of Rockingham Power Company, North Carolina, 1906. and otherwise entitled as "Map showing property of Rocktnaham Power Company on Pee Dee River. Anson and Richmond counties. December 1906." being lands conveyed to said t Hugh MacRae & Company, respectively, by H. C. Wat son and m-ife, M. I Hinson. T. R. Co ley and wife. T. A. Ingram. Jr.. and wife. E. N. Ingram. W. P. Ingram and wife. S. P. Ingram, the heirs of Ja cob Ingram and B. W. Lowdermllk. surviving psrtner. W. A. Smith and wife, F. J. Murdoch, Commissioner" Fred J. Coxe. Commissioner. J. T. Seago. Alice Spencer and husband. E M. Spencer. 'Joel Newton and wife, Donald MacRae and D. I Gore, trus tees; Jss. A. Lockhart Commission er, and by two deeds from the State "f North Carolina to the Rockingham Power Compsny registered respective ly In Book 44. Psge-470, in Register's office for Anson county and In Book 111. Page 1I in Register's of nee for Richmond county, all of which said lands, easements, etc.,. being more particularly described in the deeds above mentioned and in the Deed of Trust to the said Knickerbocker Trust Com cany. Also git the right title and (interest, whether legalor equitable. ot the said Rockingham Power Company in and to qrrtaln lands, water powers, rights, options, and privileges pur chased and obtained for the Rocking ham Power Company by Hugh Mac Rae A Company, their agents, attor neys or employees pursuant to a cer taln agreement entered Into on June 30, 1906, between Hugh MacRae & Co.. and the Rockingham Contracting Company j said lands, rights, etc.. be ing shown on the said before men tioned map and having been conveyed to said Hugh MacRae & Company or to their agents, attorneys or employees toy deeds or contracts maae respec tively by Thomas C- Coxe and wife. John T. Wall and wife, Walter E. Brock. Commissioner; E. N. Ingram. S. G. Wsll and S. G. Wall. Jr.. and also the Baldwin and Ellington and C. A. Hudson and other lands, rights. options, and privileges procured or obtained by the said Hugh MacRae & Company, their agents, attorneys or employees under and iri pursuance of the before mentioned agreement of June 30th. 1906: also all rights of ac tion, suits or other interests whatso ever growing out of said contract of June 30th. 1906. or of any other con tract or contracts and all rights of action for breach of said contract of June 30th. 1906. or of any other contract or contracts for non-purchase of lands or for any other cause. Together also with all other real and personal property Including dams. power .house material and structures and other buildings and structures. roadways, telephone and transmission lines partially or wholly constructed. anchors, towers, poles, material for owrrs. hydraulic and electrical ma chinery. apparatus and appurten nnces. supplies and material of every description, tools, Implements, instru ments. plans, specifications, office furniture and fixtures, documents, pa per, correspondence and all personal property of every character and de scription wherever 'situated and be longing to the said Rockingham Pow er Company; together also with rights of way secured by contract deeds, op tions, privileges 'and agreements ag gregating 250 in number, more or less, for the erection of towers, poles and transmission lines and for pa trolling. Inspection and repairing of same; also rights-of-way secured by deeds-and agreements for the con struction and operation of a railroad and the railway from Pee Dee station o fthe Seaboard Air Line Railway to the dam and power house of the said Rockingham Power Company; also all the rights of the said Rockingham Power Company in and to certain contracts for the purchase of material for construction and supervision of construction, for engineering, for sale of power and all choses in action , whatsoever. This sale being intended to include all property whatsoever, tangible or Intangible, and all franchises, licenses and rights of whatsoever, character belonging to the said Rockingham Power Company and to which It may be entitled whether the same be enu merated herein or not. TERMS OF SALE. "Unless the court shall otherwise direct, for just cause shown on the pe tltion of any person or persons de siring to bid at such sale no bid shal be received from any bidder who shall not first deposit with the undersigned commissioners the sum of 325,000.00 either In cash or in a check certified by a National or State bank or Trust company situated either In the State of New York, or In some city In the State of North Carolina, or In lieu thereof, bonds certified and issued un der the aforesaid mortgage to the Knickerbocker Trust Company, as trustee, dated July 1, 1906. to the amount in face value of not less than 3100.000.00 to qualify such bidder to bid for such property offered for sale.7 In addition to the cash or securi ties deposited upon any bid .as herein before required, there shall also be paid In cash by the .purchaser upon the confirmation of such sale, and from time to time thereafter, such further portions of the purchase price or said property as the court may di rect. The court reserves full power and discretion to reject any bid which in the judgment of the court Is inade quate or subject to any just objection and to retake and to resell the prop erty purchased upon the failure of any purchaser to comply with the terms of sale or with any order of the court regarding payment within twenty days after service of notice of entry of such order. The purchaser or purchasers may satisfy and make good the balance of his or their bid above the sum re quired to be paid in cash in whole or In part, by delivering to the said commissioners bonds certified and is sued under the aforesaid mortgage, which bonds, if registered, must be duly endorsed and assigned in blank by the registered holder thereof. Such bonds will be received at such price or value as shall be equivalent to the sum which would be payable out of the net proceeds of such sale to the holder or holders of said bonds, for his or their Just share and propor tion in that character of such net proceeds upon a due accounting and apportionment and distribution ot such net proceeds. The court reserves ' the exclusive power and jurisdiction to deliver to the purchaser or purchasers title to and possession of the property to be sold and to determine any and all controversies as to the character, ex tent and validity of the possession of such purchaser -or purchasers through the execution of said decree. For a 'more particular statement of the terms and conditions of sale, ref erence Is hereby made to the above mentioned decree. I WILLIAM H. BROWNE, , ' W. A. LELAND. I . Commissioners: - Dated this 10th day of June: 1909. at Rockingham N. C. ;;. YOUR JULY INCOME JL ia ONEY which is received from interest pay ments,' dividends or other sources, may be deposited -frith this, bank where it will be safeguarded by prudent, conservative' manage ment and ample capital, surplus and resources. We endeavor to render exceptional service to all who entrust their business to us. V Commercial National Gai RALEIGH. B. a JERMAN. ' President. JL A. TIIOMPSOX, Vice-President. IL W. JACKSON, V 1 Cashier. K. B. CROW, Assistant Cashier. J. J. niOHAS, Chairman. STATEMENT OF CONDITION The Citizens National Bank RALEIGH, N. C. Jane 23. 1009. RESOURCES. U. S. Bonds, par . ....... 8 Loans and Investments.' Cash Due from banks. ...... .: 225.000.0 787.891.3 79,809.9 152,894,8 Total J 1.245.396.2 LIABILITIES. Capital Surplus and profits,.;..') Circulation runs payaoie . . i. Deposits ' , 'j 100.000.0 180.708,0 100,000.0 40.000.0 824.688.1 Total t 1.245.398 2 CRAS. L JQHKSON, Prcsifcst F.R. BRI66S, CasMsi The Rac igliGaoIigt" TrusiCo. RALEIGH. N. CL t " RALEIGH, N. CI "THE ROUND STEPS DANK" Stands ff b r.--" . 'A4;v-V: RELIABLE SOUND BANKING An Hononibh Hbtcry Slnco 1065 DIRECTORS ' CHARLES E. JOHNSON, JAMES A. BRIQOS, W. N. JONES. -W. A. LINEHAN, .&" M. B USB EE. IL E. NORRIS. J. R, CHAMBERLAIN, T. B. CRQWDER. i l -ALFRED ' WILLI AMB, THOMAS a KENAN, JOHN W. HARDEN," ! F. O. MORINO. ' ' 4 Vs.rv.Jl rH 1 11 T 1 1 11 niii 1 rT 1 C? The First National Dank K OF DURHAM : I; Capital, $150,000; Surplus, 5125,000 Deposits, $1,250,000. b We offer o ir services to mill men and manufac turers who hive to have large accommodations and' are in need of greater Eanklng: facilities. We purc pose only to supplement and not Interfere V with-' you represent banking arrangements. Write tous,' WE KNOW YOUR WANTS AND WANT YOUR ! . BUSINESS. ' i Host respectfully, .'"Pwifl JULIAN f. CARR. President. i We issue Certificates of Deposit 1 '3f - bearing 4 pCP Cent Our rates are plain, straight 8 per cent; no brokerage, bonus or commis sion considered. - IB mi JS . T A) 0. The - DURHAM, N. C Total Resources . . $1,600,000.00 III ! A it Off era its services to those who desire a safe place for their Idle funds. Certificates of Deposit issued, bearing Interest at the rate of four per cent, per annum, if left four months or loncer. ' ! LARGEST SURPLUS OF ANY BANK IN NORTH CAROLINA QUICK BANKING OtSRVICE All correspondence answered . upon receipt V Loans passed-Immediately .upon application. Each trsnsactlon absolutely could entlal." No postal cards or " open communications. ? ; 1 OPEN A SPECIAL; ACCOUNT .WITH US.T . Capital and undivided, profits, $340,000.00. - j' .. V . . THE SOUTHERN IIATIOIIAL DM, YilmingltiN. C. Tairiiiniop IPa B infita trad! lOllll r,Oo: f 't' l .V-5. -. .. X
The News & Observer (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
June 26, 1909, edition 1
7
Click "Submit" to request a review of this page. NCDHC staff will check .
0 / 75